KLSE Stock News: Bursa holds stable on Wednesday as the previous session’s close at 1,798.20

Kuala Lumpur: Bursa Malaysia stock prices opened steady on Wednesday as the previous session’s close at 1,798.20 with FBM KLCI. There were 169.73 million shares traded valued at RM66.81 mil. There were 160 gainers versus 78 decliners and 203 counters unchanged.

Stock Watch

1. The most active KLSE stock list included Fitters rising 1.5 sen to 42 sen, Key Asic losing   1.5 sen to 19 sen and Hibiscus rising two sen to RM1.30. 
2. The top KLSE gainer stocks list, KESM rose 18 sen to RM15.20, Hengyuan gained 16 sen to RM6.96 and Petrason Gas added 10 sen to RM19.08. 
3. The Klse loser stock including Nestle, shaving 60 sen to RM 145.90, KLK dropping 24 sen to RM24.76 and Press Metal dipping five sen to RM4.80. Maybank lost three sen to RM9.71 and IOI slid three sen to RM4.53.

Global Market

Asia opened weaker with Japan’s Nikkei slipping 0.4% and South Korea’s Kospi falling 1.25%. Nasdaq index opens up today with 7,999.55 and previous close at -37.7 down and HANG SENG index open with 26,840.20 and previous close at 27,006.23

Currency Market

Forex Signals: After two days of downtrend backed by higher oil prices, the RINGGIT opened slightly higher against the US dollar on Wednesday. The local currency stood at 4.1380/1410 against 4.1400/1430 recorded at Tuesday’s closing. 
Ringgit mixed trade data with other currency- 
1. It slightly down against the Singapore dollar to 3.0108/0140 from 3.0100/0129 on Tuesday and declined versus the euro to 4.7765/7816 from 4.7668/7715. 
2. The local currency depreciated the Japanese yen to 3.6423/6459 from yesterday’s 3.6399/6438 and declined against the British pound to 5.3695/3738 from 5.3634/3677.

Commodity Market

Comex Crude Oil: The oil prices fall on Wednesday, oil prices remain near four-year highs reached earlier this week ahead of US sanctions against Iran’s oil exports that kick in next month.  Brent crude oil futures were trading at US $84.73 per barrel, down seven cents from their last close. US West Texas Intermediate (WTI) crude futures were down 10 cents at US$75.13 a barrel.

 

KLSE Stock News- Bursa Malaysia Stocks Open Lower on Tuesday, Oil Continues to Rise

Kuala Lumpur: Bursa Malaysia stock prices opened lower on Tuesday with the FTSE Bursa Composite Index down 0.53% to 1,791.93. There were 203.24 million shares traded valued at RM 76.82 mil. There were 163 gainers versus 84 decliners and 181 counters unchanged. 
Bursa Malaysia’s optimism vanished within minutes of the opening, as it erased gains to return to the starting line.

Stock Watch

1. The top KLSE active stock list including Sapura Energy was up one sen to 43.5 sen while Reach Energy gained 1.5 sen to 51 sen and Nova MSC gained 0.5 sen to 18 sen.

2. The top KLSE gainer stocks list, Air Asia was among the early gainers, adding four sen to RM3.10. Heavyweight Genting rose four sen to RM7.81 while Hengyuan climbed 12 sen to RM6.62.

3. The Klse loser stock including Hartalega slid four sen to RM6.56 in early trade. Maybank Investment Bank report said the glovemaker’s upcoming 2QFY19 core earnings is expected to be flattish. Meanwhile, CIMB slid three sen to RM5.98, Tenaga dipped two sen to RM15.50, Axiata shed two sen to RM4.63 and Public Bank lost two sen to RM 23.98.

Global Market

Nasdaq index opens up today with 8,037.3 and previous close at -9.0 and HANG SENG index open with 1.87% down to reach 27,268.42.

Chinese markets remained closed for its Golden Week holidays. Japan’s markets reached for a fresh 27-year high on news that trade tension in North America may finally have relieved, lending more positivity in the global trade environment.

Currency Market

The ringgit extended yesterday’s downtrend to open easier against the US dollar this morning as risk appetite for the greenback strengthened among rising oil prices. On Monday closing the local currency stood at 4.1400/1440 against 4.1380/1420. 
Ringgit mixed trade data with other currency-

1. It rose against the Singapore dollar to 3.0164/0195 from 3.0198/0238 on Monday and improved versus the euro to 4.7921/7979 from 4.8059/8118.

2. The local currency depreciated the Japanese yen to 3.6332/6370 from yesterday’s 3.6295/6340 and weakened against the British pound to 5.3990/4046 from 5.3976/3049.

Commodity Market

Comex Crude Oil prices fringed up on Tuesday, Brent crude oil futures were trading at US$85.05 per barrel, up seven cents from their last close, near the US$85.45 peak reached in the previous session, its highest since November 2014. US West Texas Intermediate crude futures were up 25 cents at US$75.55 a barrel.

KLSE News: KLCI DOWN 0.95%, DROPS BELOW 1800 LEVEL

KUALA LUMPUR: The FBM KLCI INDEX down below 1,800 points as foreign selling pressure on top valued blue chips companies still going on, continuing its losing streak for the 5th straight day.

At 17:00 , the 30-stock index closed 17.26 points, or 0.95% lower at 1,796.72. The index opened 7.42 points higher at 1,805.34 this morning.

The total number of decliners were more as compared to advances by the wide margin, with 703 losers to 270 gainers and 362 counters unchanged. Volume stood at to 2.9 billion units, valued at RM2.91bil.

KLCI-component stocks were overwhelmingly in the negative, with 22 of the stocks fell. The KLCI is 5.2% below its 52-week high of 1,896.03 reached on April 20.

Brokers said the performance of local market was in line with its regional peers. They added that the outlook for shares remained volatile as trade war fear continue on investors

Meanwhile, Bank Negara Malaysia has maintained the overnight policy rate at 3.25%. The central bank said the current level of the OPR is consistent with the intended policy stance. The ringgit fall 0.2% to 4.1475 against the US dollar.

On Bursa Malaysia, Stocks down Nestle fell 90 sen to RM146.50, British American Tobacco shed 62 sen to RM32.58 and Petronas Dagangan closed 32 sen to RM26.68.

Among the top counters, CIMB down 23 sen to RM5.87, Axiata fell 17 sen to RM4.48, Maybank declined 12 sen to RM9.87, Genting fell 17 sen to RM8.22 and Petronas Chemicals closed six sen lower at RM9.43.

Elsewhere in the region, Hong Kong stocks post the biggest downfall in 11 weeks on growth amid worries about China’s economy and the trade war. The Hang Seng index fell 2.6% to 27,243.85, while the China Enterprises Index lost 2.3% to 10,645.70 points.
Japan’s Nikkei 225 down 0.51% to 22,581, and China’s CSI300 index fell 2% to 3,298.14.

EUR-USD Is Ready To Test Height Of 1.24

EUR/USD Trading Alerts:

Euro points over 1.24 in the wake of breaking yet another graph protection level

Clashing prompts contend against taking long or short position as of now

The Euro has taken off to the most elevated amount in more than three years against the US Dollar, with a break past yet another layer of graph protection implying the move upward will proceed. Costs pulled back in the wake of demonstrating a bearish candle design not surprisingly yet the move immediately turned take after a hawkish ECB meeting minutes.

Forex Trading Signals:
From here, every day close over the half Fibonacci extension at 1.2430 opens the entryway for a test of the 61.8% level at 1.2637. On the other hand, a move back underneath the 38.2% Fib at 1.2223 makes ready for a retest of protection turned-bolster at 1.2092, the September 8 high.

Standing aside appears to be judicious until further notice. Longer-term situating demonstrates the Euro entering a basic protection zone, contending against pursuing the cash upward. Then again, the nonappearance of an obvious bearish inversion flag implies that entering short is untimely, particularly given late bullish energy. Source

Stock Trading Picks- KLCI squeezes out little increases early Friday, HL Bank up

KUALA LUMPUR: Blue chips edged higher early Friday with Hong Leong Bank and PPB Group supporting the FBM KLCI’s (Stock Trading Picks) additions while key Asian markets progressed.

At 9.10am (Stock Trading Picks),

the KLCI was up 1.06 focuses or 0.06% to 1,780.16. Turnover was 162.80 million offers esteemed at RM80mil. There were 148 gainers, 107 washouts and 202 counters unaltered.

Kenanga Research said in general (Klse Stock Signals), it trusts that the specialized standpoint is certain with enter force markers all in bullish joining.

“We expect a retest of September’s high at 1,793 (R1). Promote headway will see protection at 1,800 (R2) and 1,835 (R3) levels. Any pullback is probably going to be restricted to 1,750(S1) and 1,735 (S2) bolster levels,” it said.

Asian markets

were finishing 2017 out of a gathering state of mind on Friday following a year in which a purposeful get in worldwide development supported corporate benefits and ware costs (Klse Stock Picks). While benevolent expansion shielded national banks from taking ceaselessly the punch bowl, Reuters detailed.

MSCI’s broadest list of Asia-Pacific offers outside Japan was combining three straight long stretches of increases that left it close decade crests. The list has been on an upward direction for basically all of 2017 and is up 33% on the year up until this point.

Refiners Hengyuan and Petron had a dazzling year and their proceeded with their rally (KLSE Stock Recommendation). Hengyuan rose 80 sen to RM18.76 and Petron 38 sen to RM14.98. Hengyuan’s call warrants were among the best gainers on Friday.

PPB Group added 20 sen to RM17.38 while HL Bank added eight sen to RM17.08.

Among the pharmaceutical-related organizations, CCM Duopharma rose 15 sen to RM2.58 (Klse Stock Tips) however Pharmaniaga lost 35 sen to RM4.30 and YSP Southeast Asia four sen bring down at RM2.65.

Settle fell RM2 to RM100 and BAT 80 sen bring down at RM37.20, Hartalega eight sen to RM10.74 and Scicom four sen to RM1.65.

For live updates, traders/investors could visit www.mmfsolutions.my

KLSE Stock Recommendation- KLCI slips early Friday in front of long end of the week

KUALA LUMPUR: Blue chips plunged into the red early Friday, with the FBM KLCI (KLSE Stock Recommendation) slipping underneath 1,750 as financial specialists took some benefit in front of the long end of the week for the Christmas occasions.

At 9.45am (KLSE Stock Recommendation),

the KLCI was down 1.41 focuses or 0.08% to 1,749.80. Turnover was 354.70 million offers esteemed at RM112.37mil. There were 205 gainers, 192 washouts and 249 counters unaltered.

Asian stocks edged up on Friday on new information indicating enduring development in the U.S. economy (Stock Trading Picks), while the euro slipped after a vote in Catalonia favored separatists needing to split far from Spain, Reuters revealed.

MSCI’s broadest record of Asia-Pacific offers outside Japan rose 0.25%. Australian stocks progressed 0.4%, South Korea’s KOSPI increased 0.15% and Japan’s Nikkei minimal changed.

Kenanga Investment Bank Research saideEven however the MACD marker is in a bullish state (Klse Stock Signals), it trusts that the list is right now retesting its mental protection level of 1,750 in the wake of bottoming out from a three-month downtrend.

“We anticipate that the record will unite between the 1,734 (S1) and 1,750 (R1) level,” it said.

Carlsberg fell 20 sen to RM15.24 and Nestle was down 20 sen to RM15.24.

Glove creators went under benefit taking after the current record highs (Klse Stock Picks), with Hartalega down 16 sen to RM10.66 and Top Glove 13 sen bring down at RM7.84.

Tong Herr fell 18 sen to RM4, SP Setia 13 sen to RM3.37, Petron 12 sen to RM13.12. Digi, IJM and CIMB fell seven sen each to RM4.73, RM2.90 and RM6.48 separately.

Perdana Petroleum, which went under substantial offering weight when it continue exchanging on Monday (Klse Stock Tips), crept up two sen to 33 sen with 15.3 million offers done.

Sapura Energy lost 0.5 sen to 71 sen.

BAT was the best gainer, up 32 sen to RM35.58.

KESM rose 18 sen to RM19.28 with 100 offers done while Globetronics picked up 12 sen to RM6.82. EG was up 4.5 sen to 72 sen.

For live updates, traders/investors could visit www.mmfsolutions.my

Klse Stock- Gentle pullback on blue chips early Friday

KUALA LUMPUR: Blue chips arranged a mellow pullback early Friday on some benefit taking after the 20 over focuses hop in the FBM KLCI (Klse Stock) the earlier day with Genting Bhd down in dynamic exchange.

At 9.27am (Klse Stock),

the KLCI was down 2.25 focuses or 0.13% to 1,756.75. Turnover was 334.17 million offers esteemed at RM161.01mil. There were 172 gainers, 186 failures and 241 counters unaltered.

Kenanga Investment Bank Research said with proceeded with breakout of protection joined by upticks in key pointers (Stock Trading Picks), the list’s quick specialized viewpoint is progressively bullish.

“From here, we anticipate a conceivable testing of next protection at 1,765 (R1) or, with an unequivocal breakout, higher towards the 1,800 (R2) key mental level. On the other hand, bolster levels can be found at 1,750 (S1) and 1,729 (S2),” it said.

In the mean time (Klse Stock Signals),

Public Investment Bank Research said conditions are still sufficient to warrant proceeded with interests in the neighborhood bourse.

“Outside speculators might be to a lesser degree a factor in the coming year, however that might be insignificant given the adequate residential liquidity.

“Our year-end 2018 focus for the KLCI is 1,860 focuses, which compares to a 16 times various to one-year forward profit,” said PublicInvest Research.

Reuters announced

oil markets were steady on Friday as the Forties pipeline blackout in the North Sea and the continuous OPEC-drove creation cuts upheld costs (Klse Stock Picks), while rising yield from the United States shielded rough from rising further.

US West Texas Intermediate (WTI) unrefined prospects were at US$57.13 a barrel at 0119 GMT, up nine pennies from their last settlement.

Brent unrefined prospects, the worldwide benchmark at oil costs, were at US$63.35 a barrel, up four pennies from their last close.

Among the KLCI stocks (KLSE Stock Recommendation), BAT was the best failure, down 40 sen to RM39.80 with 1,600 offers done while PPB Group lost 26 sen to RM16.64.

Genting Bhd fell 19 sen to RM9.06 while HLFG lost 18 sen to RM17.72 and KL Kepong 12 sen to RM24.36.

Southern Acids lost 24 sen to RM4.14 and Superlon 11 sen lower to RM1.92.

Sapura Energy rose 0.5 sen to 81 sen with 6.17 million offers done.

HL Industries,

Texchem and Hengyuan rose 14 sen each to RM9.74, RM1.07 and RM12.86 individually. Petronas Dagangan and Press Metal added 10 sen each to RM24.60 and RM4.99.

Kossan increased nine sen to RM7.84 (Klse Stock Tips), Sunway added seven sen to RM1.67 while SIG Gas was up five sen to RM1.11.

For live updates, traders/investors could visit www.mmfsolutions.my

Klse Stock Tips- Kepong Berhad (KLSE:KLK) Stock Analysis and Valuation Update

Kuala Lumpur Kepong Berhad (KLSE:KLK) has a Q.i. Estimation of 36.00000. The Q.i. Esteem positions organizations utilizing four proportions. These proportions comprise of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The motivation behind the Q.i. Esteem is to help recognize organizations that are the most underestimated (Klse Stock Tips). Regularly, the lower the esteem, the more underestimated the organization has a tendency to be.

Monitoring some valuation rankings (Klse Stock Tips),

Kuala Lumpur Kepong Berhad (KLSE:KLK) has a Value Composite score of 42. Created by James O’Shaughnessy, the VC score utilizes five valuation proportions. These proportions are cost to profit, cost to income, EBITDA to EV, cost to book esteem, and cost to deals. The VC is shown as a number in the vicinity of 1 and 100. As a rule, an organization with a score more like 0 would be viewed as underestimated, and a score more like 100 would demonstrate an exaggerated organization. Including a 6th proportion, investor yield, we can see the Value Composite 2 score which is at present sitting at 36.

Observing some recorded unpredictability numbers on offers of Kuala Lumpur Kepong Berhad (KLSE:KLK), we can see that the year instability is by and by 8.502600. The half year unpredictability is 7.311200, and the 3 month is spotted at 7.791900 (KLSE Stock Recommendation). Following unpredictability information can help gauge how much the stock cost has changed over the predetermined day and age. Albeit past unpredictability activity may help extend future stock instability, it might likewise be endlessly unique when considering different elements that might drive value activity amid the deliberate day and age.

Kuala Lumpur Kepong Berhad (KLSE:KLK)

has a current ERP5 Rank of 7108. The ERP5 Rank may help financial specialists with spotting organizations that are underestimated. This positioning uses four proportions. These proportions are Earnings Yield, ROIC, Price to Book, and 5 year normal ROIC. When taking a gander at the ERP5 positioning, it is for the most part considered the lower the esteem, the better.

We would now be able to investigate some authentic stock value file information. Kuala Lumpur Kepong Berhad (KLSE:KLK) directly has a 10 month value file of 1.02796. The value record is figured by isolating the present offer cost by the offer value ten months prior. A proportion more than one shows an expansion in share cost over the period. A proportion lower than one demonstrates that the cost has diminished over that day and age. Taking a gander at some other eras, the year value list is 1.03734, the two year is 1.11721, and the three year is 1.15248. Narrowing in somewhat nearer, the 5 month value record is 0.99235, the 3 month is 1.00245, and the 1 month is as of now 1.00000.

Profit for Assets

There are various instruments to decide if an organization is gainful or not. A standout amongst the most prominent proportions is the “Arrival on Assets” (otherwise known as ROA). This score shows how productive an organization is in respect to its aggregate resources. The Return on Assets for Kuala Lumpur Kepong Berhad (Klse Stock Picks) is 0.064441. This number is computed by isolating net pay after duty by the organization’s aggregate resources. An organization that deals with their advantages well will have a higher return, while an organization that deals with their benefits inadequately will have a lower return.

Profit for Invested Capital (ROIC), ROIC Quality, ROIC 5 Year Average

The Return on Invested Capital (otherwise known as ROIC) for Kuala Lumpur Kepong Berhad (KLSE:KLK) is 0.094417. The Return on Invested Capital is a proportion that decides if an organization is productive or not. It tells financial specialists how well an organization is transforming their capital into benefits. The ROIC is computed by separating the net working benefit (or EBIT) by the utilized capital. The utilized capital is ascertained by subrating current liabilities from add up to resources. Correspondingly, the Return on Invested Capital Quality proportion is an instrument in assessing the nature of an organization’s ROIC throughout five years. The ROIC Quality of Kuala Lumpur Kepong Berhad (Klse Stock Signals) is 5.082339. This is figured by separating the five year normal ROIC by the Standard Deviation of the 5 year ROIC. The ROIC 5 year normal is ascertained utilizing the five year normal EBIT, five year normal (net working capital and net settled resources). The ROIC 5 year normal of Kuala Lumpur Kepong Berhad (KLSE:KLK) is 0.151811.

FCF Yield 5yr Avg

The FCF Yield 5yr Average is ascertained by taking the five year normal free income of an organization, and partitioning it by the present undertaking esteem. Undertaking Value is figured by taking the market capitalization in addition to obligation, minority premium and favored offers, less aggregate money and money reciprocals. The normal FCF of an organization is dictated by taking a gander at the money produced by operations of the organization. The Free Cash Flow Yield 5 Year Average of Kuala Lumpur Kepong Berhad (KLSE:KLK) is 0.005356.

Net Margin score

Speculators might be keen on survey the Gross Margin score on offers of Kuala Lumpur Kepong Berhad (KLSE:KLK). The name right now has a score of 39.00000. This score is gotten from the Gross Margin (Marx) dependability and development over the past eight years (Stock Trading Picks). The Gross Margin score arrives on a scale from 1 to 100 where a score of 1 would be viewed as positive, and a score of 100 would be viewed as negative.

For live updates, traders/investors could visit www.mmfsolutions.my

KLSE Stock Recommendation- Petronas stocks lead KLCI higher early Monday

KUALA LUMPUR: The hop in raw petroleum costs saw Petronas Gas and Petronas Dagangan developing as among the best gainers in early Monday exchange (KLSE Stock Recommendation), following the progress of Asian offers.

At 9.06am (KLSE Stock Recommendation),

the KLCI was up 2.66 focuses or 0.15% to 1,757.98. Turnover was 244.96 million offers esteemed at RM62.60mil. There were 201 gainers, 80 failures and 215 counters unaltered.

Asian offers progressed to new highs on Monday following Wall Street’s lead (Klse Stock Picks), while U.S. oil fates bounced to drift close to a six-month crest as raising strains between the Iraqi government and Kurdish powers undermined supply, Reuters detailed.

Iraqi powers

started moving at midnight on Sunday towards oil fields held by Kurdish Peshmerga warriors close to the oil-rich city of Kirkuk.

Accordingly, US rough climbed 0.9% to US$51.92 a barrel, not a long way from US$52.85 touched toward the end of last month – a level not seen since April. Brent unrefined climbed 1.2% to US$57.88 per barrel. MSCI’s broadest list of Asia-Pacific offers outside Japan picked up for a fifth day racing to be up 0.3%, after US stocks finished at record highs.

Hong Leong Investment Bank (HLIB) Research said exchanging exercises could keep on focusing on bring down liner and penny stocks inside the innovation area (Klse Stock Signals). Additionally, oil and gas stocks might be lifted by the firmer raw petroleum costs a week ago, it said in its market viewpoint report.

Petronas Gas

rose 16 sen to RM18.76 and Petronas Dagangan added 14 sen to RM24.42.

Among the manors, Batu Kawan picked up 14 sen to RM19.80 and KL (Stock Trading Picks) Kepong increased eight sen to RM24.80.

Vitrox was the best gainers, up 18 sen to RM5.28 while Pentamaster climbed seven sen to RM5.02.

Top Glove chalked up increases of 13 sen to RM6.14 after its solid fourth quarte comes about last Friday and provoked investigators to update the stock.

Vivocom rose 1.5 sen to 16 sen with more than 42 million offers done after it affirmed a StarBiz report (Klse Stock Tips) about the section of a Hong Kong organization as a noteworthy investor.

Padini lost 12 sen to RM4.68 and Public Bank fell eight sen to RM20.42 on benefit taking.

Mitrajaya

fell six sen to 97 sen in dynamic exchange after it proposed a rights issue, sweetened with free warrants and extra offers, to raise as much as RM107mil which will be utilized mostly for the reimbursement of bank borrowings.

For live updates, traders/investors could visit www.mmfsolutions.my

Klse Stock Tips- KLCI plunges early Monday as Genting measures, oil up

KUALA LUMPUR: Blue chips slipped early Monday on offering of Genting Bhd yet the more extensive market was firmer (Klse Stock Tips) while raw petroleum costs crawled up.

At 9.26am (Klse Stock Tips),

the FBM KLCI was down 0.18 of a point or 0.01% to 1,763.82. Turnover was 478.15 million offers esteemed at RM136.88mil. There were 216 gainers, 174 washouts and 262 counters unaltered.

The dollar held enduring against the yen on Monday, having withdrawn from 12-week highs set a week ago, because of reestablished concentrate on geopolitical dangers in the midst of worries that North Korea might set up another rocket test.

Oil costs edged up on Monday, stopping a 2% slide from Friday, on desires that Saudi Arabia would keep on restraining its yield with a specific end goal to help costs (KLSE Stock Recommendation), and as the measure of apparatuses boring for new oil in the United States plunged.

US West Texas Intermediate (WTI) front-month unrefined fates were exchanging at US$49.44 per barrel at 0015 GMT, up 15 pennies, or 0.3%, from their last close.

Brent unrefined fates, the universal benchmark at oil costs, were up 8 pennies, or 0.14%, at US$55.70 a barrel.

At Bursa (Klse Stock Picks), Genting Bhd fell seven sen to RM9.61 while Hong Leong Bank was down 10 sen to RM15.78 with 100 offers done.

Selangor Properties fell the most, down 14 sen to RM4.67 with 500 offers done, Hartalega 10 sen bring down at RM6.87 while Perak Corp and Bison lost seven sen each to RM1.51 and RM2.28 and VS Industries lost six sen to RM2.94.

Carlsberg lost 12 sen to RM14.80 and Ajinomoto lost 10 sen to RM19.90.

Sunway-WB was the best gainer, up 30 sen to 60.5 sen. Genting Plantations rose 14 sen to RM10.58, KL (Klse Stock Signals) Kepommg 14 sen to RM24.94 and Eon Credit added 12 sen to RM13.06.

Favelle Favco increased seven sen to RM2.77 and UOA Development six sen higher at RM2.69.

For live updates, traders/investors could visit www.mmfsolutions.my