NEW YORK: Strong corporate earnings led Wall Street to a 29-month closing high for a second day on Thursday, Jan 27, but another run of big gains may be harder to achieve.
The Dow and the S&P struggled to advance past major technical levels -- the 12,000 mark for the Dow and 1,300 for the S&P -- but investors see more gains for companies that outperform in their earnings.
Microsoft Corp surprised Wall Street with a better-than-expected profit, but its shares stayed flat as investors expressed concern about the weakness of computer sales.
Microsoft stock ended regular trading up 0.3 percent at $28.87 after the earnings were posted on the company's website. Microsoft was down slightly in after-hours trading.
Other TECHNOLOGY [] stocks, such as Netflix and Qualcomm, supported the Nasdaq, but disappointing results from blue chips AT&T and Procter & Gamble kept the Dow's advance in check.
"What's healthy is that companies that come out with good reports are being rewarded and those that are not are getting punished," said Randall Warren, president at Warren Financial Service in Philadelphia.
The Dow Jones industrial average finished up 4.39 points, or 0.04 percent, at 11,989.83. The Standard & Poor's 500 Index closed up 2.91 points, or 0.22 percent, at 1,299.54. The Nasdaq Composite Index was up 15.78 points, or 0.58 percent, at 2,755.28.
Movie-rental company Netflix Inc soared 15.2 percent to $210.87 and electronics test equipment maker Teradyne Inc jumped 11.8 percent to $16.35. Both posted results Wednesday after the close.
Dow components AT&T and P&G fell as their profits slid from the year-ago period. AT&T dropped 2.1 percent to $28.13, while P&G lost 2.9 percent to $64.18.
"The market is not viewing everything as being correlated, like it used to before," Warren said.
The technology sector, however, may start off weak on Friday, pressured by Amazon.com and Sandisk, both of which slipped after reporting after the market's close.
Amazon.com posted quarterly revenue that fell short of analysts' estimates. Its stock dropped 9.8 percent to $166.40 in extended trade.
Sandisk Corp shares also dipped 2.8 percent to $49.90 after the bell following results.
The S&P 500 faces technical resistance near 1,300, an area where closing and session highs clustered during August 2008. Technical analysts also view 12,000 on the Dow as a possible sell trigger as the blue-chip average approaches nine straight weeks of gains.
The S&P has risen 2 percent since the start of the earnings season and is up 23.7 percent since Sept. 1. Various technical measures indicate the market may be overstretched.
Qualcomm Inc also helped lift the Nasdaq, rising 5.8 percent to $54.89 a day after it raised its outlook for second-quarter and full-year revenue.
Caterpillar shares also rose 0.9 percent to $96.63 after the heavy equipment maker reported results.
Thomson Reuters data showed 71 percent of the S&P 500 companies that have reported earnings so far have beaten estimates.
Weekly initial jobless claims surged to the highest level since late October while factory orders fell unexpectedly in December, the government said. - Reuters
Friday, January 28, 2011
Stocks to watch: O&G players, Benalec, Taliworks, Perisai, banks
KUALA LUMPUR: Stocks on Bursa Malaysia could trade range bound on Friday, Jan 28 despite the slightly firmer overnight close on Wall Street.
With the short trading week ahead due to the Chinese New Year holidays, investors may be reluctant to take fresh positions.
However, there could be some trading interest in oil and gas counters after Petronas Nasional Bhd said it will develop marginal oilfields to boost Malaysia's oil production.
Banks could be in focus after Bank Negara said it is maintaining the overnight policy rate at 2.75% as it considers current monetary policy stance as appropriate and consistent. However, Bank Negara said additional policy tools may be considered to avoid the risks of macroeconomic and financial imbalances.
On Wall Street, strong corporate earnings led Wall Street to a 29-month closing high for a second day on Thursday, but another run of big gains may be harder to achieve. The Dow and the S&P struggled to advance past major technical levels -- the 12,000 mark for the Dow and 1,300 for the S&P -- but investors see more gains for companies that outperform in their earnings.
Microsoft Corp surprised Wall Street with a better-than-expected profit, but its shares stayed flat as investors expressed concern about the weakness of computer sales.
The Dow Jones industrial average finished up 4.39 points, or 0.04 percent, at 11,989.83. The Standard & Poor's 500 Index closed up 2.91 points, or 0.22 percent, at 1,299.54. The Nasdaq Composite Index was up 15.78 points, or 0.58 percent, at 2,755.28.
Stocks to watch on Friday are oil and gas players after Petronas, for the first time ever, announced its decision to develop marginal oilfields to boost Malaysia's oil production. The development of the initial four clusters will be via service contracts and not the normal production sharing contracts (PSCs).
The Edge FinancialDaily reports interest in oil and gas stocks may spill over to the sector’s laggards which have yet to catch up with the rally in the broader industry and which observers say could somehow benefit when the flow of investments accelerates in the sector.
Other stocks in focus will be Benalec Holdings Bhd, TALIWORKS CORPORATION BHD [], PERISAI PETROLEUM TEKNOLOGI [] Bhd and INTEGRAX BHD [].
Benalec is acquiring two handysize bulkcarriers for US$6.8 million (RM20.75 million) to expand its fleet to transport sand for land reclamation activities.
It said the acquisitions are to facilitate the expansion of Benalec group’s fleet of vessels, in particular vessels for transporting of sand for land reclamation activities.
Taliworks will take over four municipal waste water treatment plants with recycled water facilities in Yinchuan City, China after it had failed to formalise the JV company with Beijing Puresino-Boda Environmental Engineering Co. Ltd (BODA).
The company said it would be on a takeover-operate-transfer basis for 810 renminbi or RM374.71 million.
Perisai has proposed to acquire a 51% stake in Intan Offshore Sdn Bhd for RM45.23 million via new shares. With the acquisition, Perisai Group will enhance its ability to compete in the vessel supply and chartering business while gaining access to new revenue streams around the region.
Integrax has taken legal action against Amin Halim Rasip, alleging he had breached his fiduciary duties and want the court to issue an order to restrain him from acting as a director or co-chief executive officer.
The company had filed an action at the High Court of Malaya against Amin and sought a declaration he had allegedly acted in breach of his fiduciary duties to the plaintiffs.
With the short trading week ahead due to the Chinese New Year holidays, investors may be reluctant to take fresh positions.
However, there could be some trading interest in oil and gas counters after Petronas Nasional Bhd said it will develop marginal oilfields to boost Malaysia's oil production.
Banks could be in focus after Bank Negara said it is maintaining the overnight policy rate at 2.75% as it considers current monetary policy stance as appropriate and consistent. However, Bank Negara said additional policy tools may be considered to avoid the risks of macroeconomic and financial imbalances.
On Wall Street, strong corporate earnings led Wall Street to a 29-month closing high for a second day on Thursday, but another run of big gains may be harder to achieve. The Dow and the S&P struggled to advance past major technical levels -- the 12,000 mark for the Dow and 1,300 for the S&P -- but investors see more gains for companies that outperform in their earnings.
Microsoft Corp surprised Wall Street with a better-than-expected profit, but its shares stayed flat as investors expressed concern about the weakness of computer sales.
The Dow Jones industrial average finished up 4.39 points, or 0.04 percent, at 11,989.83. The Standard & Poor's 500 Index closed up 2.91 points, or 0.22 percent, at 1,299.54. The Nasdaq Composite Index was up 15.78 points, or 0.58 percent, at 2,755.28.
Stocks to watch on Friday are oil and gas players after Petronas, for the first time ever, announced its decision to develop marginal oilfields to boost Malaysia's oil production. The development of the initial four clusters will be via service contracts and not the normal production sharing contracts (PSCs).
The Edge FinancialDaily reports interest in oil and gas stocks may spill over to the sector’s laggards which have yet to catch up with the rally in the broader industry and which observers say could somehow benefit when the flow of investments accelerates in the sector.
Other stocks in focus will be Benalec Holdings Bhd, TALIWORKS CORPORATION BHD [], PERISAI PETROLEUM TEKNOLOGI [] Bhd and INTEGRAX BHD [].
Benalec is acquiring two handysize bulkcarriers for US$6.8 million (RM20.75 million) to expand its fleet to transport sand for land reclamation activities.
It said the acquisitions are to facilitate the expansion of Benalec group’s fleet of vessels, in particular vessels for transporting of sand for land reclamation activities.
Taliworks will take over four municipal waste water treatment plants with recycled water facilities in Yinchuan City, China after it had failed to formalise the JV company with Beijing Puresino-Boda Environmental Engineering Co. Ltd (BODA).
The company said it would be on a takeover-operate-transfer basis for 810 renminbi or RM374.71 million.
Perisai has proposed to acquire a 51% stake in Intan Offshore Sdn Bhd for RM45.23 million via new shares. With the acquisition, Perisai Group will enhance its ability to compete in the vessel supply and chartering business while gaining access to new revenue streams around the region.
Integrax has taken legal action against Amin Halim Rasip, alleging he had breached his fiduciary duties and want the court to issue an order to restrain him from acting as a director or co-chief executive officer.
The company had filed an action at the High Court of Malaya against Amin and sought a declaration he had allegedly acted in breach of his fiduciary duties to the plaintiffs.
Thursday, January 27, 2011
KLCI 6-day losses, longest since July last year
KUALA LUMPUR: The FBM KLCI extended its losing streak for six days on Wednesday, Jan 26, the longest negative run since July 5 last year as tepid investor sentiment kept investors on the sidelines ahead of the holiday-shortened trading next week.
At the close, the 30-stock index fell 0.42% or 6.43 points to 1,520.00, weighed by losses including at the Petronas subsidiaries, index-linked PLANTATION [] stocks and select blue chips.
The index had earlier fallen to its intra-day low of 1,505.36 in the morning session.
Gainers trailed losers by 328 to 418, while 311 counters traded unchanged. Volume was 1.42 billion shares valued at RM2.6 billion.
MIDF Research head Zulkifli Hamzah said the market was supported by local investors as reflected by the intraday swing in the FBM KLCI.
“The pattern of order flow strongly indicates aggressive selling by foreign investors, which came as no surprise given weak sentiment towards emerging Asian markets.
“It will take some time before the market stages a sustainable rebound. We expect the index to consolidate at current level with 1,500 providing a strong support,” he said.
On Bursa Malaysia, among the Petronas group of companies, Petronas Gas fell 18 sen to RM11.20, Petronas Chemicals down eight sen to RM5.96 and Petronas Dagangan lost four sen to RM12.04.
Plantation stocks also declined, with KLK losing 50 sen to RM20.90, Batu Kawan 28 sen to RM16.30, Sime Darby 10 sen to RM9.20 and Kulim four sen to RM12.84.
Meanwhile, GAB fell 37 sen to RM9.58, DiGi 36 sen to RM25.10, Dutch Lady 18 sen to RM16.92. DFZ Capital 14 sen to RM3.15, LPI Capital 12 sen to RM13.62, Tenaga seven sen to RM6.38, Telekom two sen to RM3.68 and Maxis one sen to RM5.31.
Gainers included BAT, Nestle, Sarawak Cables, Perak Corp, Melati Ehsan and Kumpulan Europlus.
SAAG was the most actively traded counter with 59.4 million shares done. The stock added half a sen to 12.5 sen. Other actives included Compugates, Ho Wah Genting, Ramunia. Karambunai,. Olympia, KUB and Kencana.
Meanwhile, Hong Kong shares rose for the first time in five days on Wednesday, though losses in banking heayweight HSBC and flagging turnover suggested investor confidence remained frail, according to Reuters.
The Hang Seng ended up 0.2%, with HSBC the biggest drag on the benchmark index after an unexpected contraction in the UK economy hit shares of Europe's largest lender. HSBC's Hong Kong-listed shares fell 1%.
The Shanghai Composite Index rose 1.2%, but turnover shrunk to its lowest in four months as investors continued to worry that Beijing will unleash more policy tightening measures this year to cool inflation.
The Shanghai index has lost 4.2% this year, making it North Asia's worst performing equity market.
At the close today, the Shanghai Composite Index jumped 1.17% to 2,708.81, South Korea’s Kospi rose 1.14% to 2,110.46, Singapore’s Straits Times Index up 1.25% to 3,220.78, Taiwan’s Taiex up 0.71% to 9,055.59 and Hong Kong’s Hang Seng Index gained 0.23% to 23,843.24.
Japan’s Nikkei 225, however, fell 0.60% to 10,401.90.
At the close, the 30-stock index fell 0.42% or 6.43 points to 1,520.00, weighed by losses including at the Petronas subsidiaries, index-linked PLANTATION [] stocks and select blue chips.
The index had earlier fallen to its intra-day low of 1,505.36 in the morning session.
Gainers trailed losers by 328 to 418, while 311 counters traded unchanged. Volume was 1.42 billion shares valued at RM2.6 billion.
MIDF Research head Zulkifli Hamzah said the market was supported by local investors as reflected by the intraday swing in the FBM KLCI.
“The pattern of order flow strongly indicates aggressive selling by foreign investors, which came as no surprise given weak sentiment towards emerging Asian markets.
“It will take some time before the market stages a sustainable rebound. We expect the index to consolidate at current level with 1,500 providing a strong support,” he said.
On Bursa Malaysia, among the Petronas group of companies, Petronas Gas fell 18 sen to RM11.20, Petronas Chemicals down eight sen to RM5.96 and Petronas Dagangan lost four sen to RM12.04.
Plantation stocks also declined, with KLK losing 50 sen to RM20.90, Batu Kawan 28 sen to RM16.30, Sime Darby 10 sen to RM9.20 and Kulim four sen to RM12.84.
Meanwhile, GAB fell 37 sen to RM9.58, DiGi 36 sen to RM25.10, Dutch Lady 18 sen to RM16.92. DFZ Capital 14 sen to RM3.15, LPI Capital 12 sen to RM13.62, Tenaga seven sen to RM6.38, Telekom two sen to RM3.68 and Maxis one sen to RM5.31.
Gainers included BAT, Nestle, Sarawak Cables, Perak Corp, Melati Ehsan and Kumpulan Europlus.
SAAG was the most actively traded counter with 59.4 million shares done. The stock added half a sen to 12.5 sen. Other actives included Compugates, Ho Wah Genting, Ramunia. Karambunai,. Olympia, KUB and Kencana.
Meanwhile, Hong Kong shares rose for the first time in five days on Wednesday, though losses in banking heayweight HSBC and flagging turnover suggested investor confidence remained frail, according to Reuters.
The Hang Seng ended up 0.2%, with HSBC the biggest drag on the benchmark index after an unexpected contraction in the UK economy hit shares of Europe's largest lender. HSBC's Hong Kong-listed shares fell 1%.
The Shanghai Composite Index rose 1.2%, but turnover shrunk to its lowest in four months as investors continued to worry that Beijing will unleash more policy tightening measures this year to cool inflation.
The Shanghai index has lost 4.2% this year, making it North Asia's worst performing equity market.
At the close today, the Shanghai Composite Index jumped 1.17% to 2,708.81, South Korea’s Kospi rose 1.14% to 2,110.46, Singapore’s Straits Times Index up 1.25% to 3,220.78, Taiwan’s Taiex up 0.71% to 9,055.59 and Hong Kong’s Hang Seng Index gained 0.23% to 23,843.24.
Japan’s Nikkei 225, however, fell 0.60% to 10,401.90.
Sunday, January 23, 2011
投资的态度。。。
在理财投资的路上，大家都是从新手开始，从对于理财投资一知半解到一步步地认知，除了在网上，书本上获得有关的知识。
很多人的理财投资之路就是从这样的脚步慢慢的开始，那个时候新手一名，而且本的投资的书籍也很少，那个时候踏出第一步就是买基金，但是和其他人一样，还没有买之前就有很多问题需要询问，但问基金代理员，相信很多人也拿不到自己想要的答案，开始慢慢想办法开始学习相关的知识，如基金表现，基金技术加码，某个基金的表现。。。
投资了基金后，就更上一层楼，开始了股票投资，那个时候有关股票投资的新知识更多，ROE， PE， EPS。。。全都是一个新的知识，刚刚开始时问身边的朋友，渐渐的有了自己的团队互相学习，互相讨论投资。
其实除了需要自己努力的学习知识外，还有一样重要的需要学习的就是态度。
随着每一日的学习，本身的投资理财知识自然就会比他人来的高，他人或许是你的朋友，对于很多刚刚起步的新手，他们曾经也处在当年你的困境，想要答案，但苦于没有门路或指引，那么这个时候，你应该以当初别人所帮你一样，对于他们给与帮助。
无奈，有些人知道了一些投资理财知识外，态度就180度改变，看不起那些没有投资的朋友，轻视那些刚刚要学投资的朋友，自己觉得自己比他们成功，连讲话也比他们大声，而且句句里都有骨，何必呢？
这些人已经迷失了，忘了自己是如何从刚刚的时候是怎么爬起来的，如果，不是当初的谦虚，不是别人的慷慨，他们今日还会投资吗？他们今日懂得投资理财的重要性吗？
在投资的路上，态度很重要，当你看不起人的时候，那么你无形中已经自满了，那么危机离你也不远了，因为很多人已经看不清前方，所以请记得态度非常的重要。。。
很多人的理财投资之路就是从这样的脚步慢慢的开始，那个时候新手一名，而且本的投资的书籍也很少，那个时候踏出第一步就是买基金，但是和其他人一样，还没有买之前就有很多问题需要询问，但问基金代理员，相信很多人也拿不到自己想要的答案，开始慢慢想办法开始学习相关的知识，如基金表现，基金技术加码，某个基金的表现。。。
投资了基金后，就更上一层楼，开始了股票投资，那个时候有关股票投资的新知识更多，ROE， PE， EPS。。。全都是一个新的知识，刚刚开始时问身边的朋友，渐渐的有了自己的团队互相学习，互相讨论投资。
其实除了需要自己努力的学习知识外，还有一样重要的需要学习的就是态度。
随着每一日的学习，本身的投资理财知识自然就会比他人来的高，他人或许是你的朋友，对于很多刚刚起步的新手，他们曾经也处在当年你的困境，想要答案，但苦于没有门路或指引，那么这个时候，你应该以当初别人所帮你一样，对于他们给与帮助。
无奈，有些人知道了一些投资理财知识外，态度就180度改变，看不起那些没有投资的朋友，轻视那些刚刚要学投资的朋友，自己觉得自己比他们成功，连讲话也比他们大声，而且句句里都有骨，何必呢？
这些人已经迷失了，忘了自己是如何从刚刚的时候是怎么爬起来的，如果，不是当初的谦虚，不是别人的慷慨，他们今日还会投资吗？他们今日懂得投资理财的重要性吗？
在投资的路上，态度很重要，当你看不起人的时候，那么你无形中已经自满了，那么危机离你也不远了，因为很多人已经看不清前方，所以请记得态度非常的重要。。。
Wednesday, January 19, 2011
Disappointing day for most property stocks
KUALA LUMPUR: Most property stocks closed lower, with SP Setia the main drag, on Tuesday, Jan 18 as the previous day’s gains evaporated following the lack of follow-through buying support during this holiday-shortened trading week.
The FBM KLCI closed down 4.45 points to 1,570.04, compared the record close of 1,574.49 the previous day. Turnover was 1.7 billion shares valued at RM2.02 billion.
The broader market displayed the lack of enthusiasm from investors to take fresh positions, with declining counters beating advancers more than four to one. There were 731 losers, 174 gainers while 230 stocks were unchanged.
Analysts said there could have been some disappointment over SP Setia’s proposed fund-raising exercise via a share placement of 15% of new shares to raise RM1.14 billion.
The property had on Monday confirmed that it had obtained approval-in-principle from the government to develop the 40-acre prime land in Bangsar to develop luxury residential and integrated commercial products.
SP Setia has a 50% stake in this project after a 20% profit share with the Ministry of Health. ECM Libra estimated the gross development value to be around RM8 billion and that will add 24 sen to RNAV.
ECM Libra Research said despite the land deal being positive, share price has appreciated significantly.
“Current valuation at FY11 P/E of 24.7 times is already above 2.0 times standard deviation and 22% above RNAV of RM5.50. Even rolling over target price to FY12 and maintaining 20 times P/E to derive revised target price of RM6.00, valuation still look expensive. As such, we believe all positives have been priced-in and advise investors to take profit. Downgrade from Hold to Sell,” it said.
SP Setia-WB fell the most, down 35 sen to RM1.88, SP Setia 29 sen to RM6.41, Selangor PROPERTIES [] 16 sen to RM3.94, SunCity and Mitrajaya 14 sen lower at RM4.55 and RM1.83.
Hing Yap fell 22 sen to RM1.57 as investors sold the stock after an unconditional takeover offer at RM1.50 per share by Everest Hectare Sdn Bhd which had acquired 50.02%.
SAAG was the most active with 66.7 million shares done, down 0.5 sen to 13 sen.
Tambun Indah, which made its debut on the Main Board, ended the first day 10.5 sen higher at 80.5 sen with 41.47 million units done.
PLANTATION []s were among the gainers, with KL Kepong up 18 sen to RM22.76, United Plantations 14 sen to RM16.68 and PPB eight sen to RM17.50.
The FBM KLCI closed down 4.45 points to 1,570.04, compared the record close of 1,574.49 the previous day. Turnover was 1.7 billion shares valued at RM2.02 billion.
The broader market displayed the lack of enthusiasm from investors to take fresh positions, with declining counters beating advancers more than four to one. There were 731 losers, 174 gainers while 230 stocks were unchanged.
Analysts said there could have been some disappointment over SP Setia’s proposed fund-raising exercise via a share placement of 15% of new shares to raise RM1.14 billion.
The property had on Monday confirmed that it had obtained approval-in-principle from the government to develop the 40-acre prime land in Bangsar to develop luxury residential and integrated commercial products.
SP Setia has a 50% stake in this project after a 20% profit share with the Ministry of Health. ECM Libra estimated the gross development value to be around RM8 billion and that will add 24 sen to RNAV.
ECM Libra Research said despite the land deal being positive, share price has appreciated significantly.
“Current valuation at FY11 P/E of 24.7 times is already above 2.0 times standard deviation and 22% above RNAV of RM5.50. Even rolling over target price to FY12 and maintaining 20 times P/E to derive revised target price of RM6.00, valuation still look expensive. As such, we believe all positives have been priced-in and advise investors to take profit. Downgrade from Hold to Sell,” it said.
SP Setia-WB fell the most, down 35 sen to RM1.88, SP Setia 29 sen to RM6.41, Selangor PROPERTIES [] 16 sen to RM3.94, SunCity and Mitrajaya 14 sen lower at RM4.55 and RM1.83.
Hing Yap fell 22 sen to RM1.57 as investors sold the stock after an unconditional takeover offer at RM1.50 per share by Everest Hectare Sdn Bhd which had acquired 50.02%.
SAAG was the most active with 66.7 million shares done, down 0.5 sen to 13 sen.
Tambun Indah, which made its debut on the Main Board, ended the first day 10.5 sen higher at 80.5 sen with 41.47 million units done.
PLANTATION []s were among the gainers, with KL Kepong up 18 sen to RM22.76, United Plantations 14 sen to RM16.68 and PPB eight sen to RM17.50.
Monday, January 17, 2011
ECM to review 'hold' call on SP Setia
SP Setia Bhd, a Malaysian property developer, had its 'hold' stock rating and price estimate under review at ECM Libra Capital Sdn Bhd following a newspaper report of a potential land purchase in Kuala Lumpur.
The Edge weekly newspaper reported on January 15 that SP Setia probably won a bid to purchase a prime land in Bangsar after the company agreed to build a government health institute in Shah Alam, outside of Kuala Lumpur, citing an undisclosed news report in September.
ECM will review the rating and share price estimate of RM5.20 pending the announcement of the said land deal, it said in its research note today.
The Edge weekly newspaper reported on January 15 that SP Setia probably won a bid to purchase a prime land in Bangsar after the company agreed to build a government health institute in Shah Alam, outside of Kuala Lumpur, citing an undisclosed news report in September.
ECM will review the rating and share price estimate of RM5.20 pending the announcement of the said land deal, it said in its research note today.
FBM KLCI at fresh record high, Benalec in focus
KUALA LUMPUR: Blue chips started off the new week, Monday on Jan 17 on a firm note, with the FBM KLCI advancing to a fresh record high of 1,574 while Benalec was in focus when it made its debut.
At 10am, the KLCI was up 1.6 points to 1,571.55 on mild profit taking as the market settled in during the first hour of trade, weighed down by marginal losses in Genting and Hong Leong Bank. Turnover was 435.7 million shares valued at RM325.06 million. There were 332 gainers, 194 losers and 242 stocks unchanged.
Japan's Nikkei average bounced back towards eight-month highs on Monday after stronger-than-expected earnings from JPMorgan helped financial stocks, with higher oil prices also lifting energy-related shares.
The benchmark Nikkei was up 0.3% or 35.67 points at 10,535.11. On Friday it fell 0.9% after a surprisingly weak settlement of options for January.
Meanwhile, Hwang DBS Vickers Research said that while the medium-term market outlook remained positive, it reckoned the Malaysian bourse may extend its consolidation pattern on Monday due to profit-taking pressures.
'Its benchmark FBM KLCI will probably swing sideways with a marginal downward performance. Immediate support and resistance levels are currently seen at 1,550 and 1,585, respectively,' it said.
HDBSVR said against a backdrop of mixed market breadth, selected counters could still attract strong investors' interest ahead. It cited Kumpulan Europlus and its parent company IJM Corporation, following a report that the West Coast Expressway (in which Kumpulan Europlus has a controlling interest) would proceed pending an approval from the Cabinet.
It added SP Setia would be focus on news the property developer has secured the rights to develop a large tract of prime land located in Bangsar, Kuala Lumpur.
Benalec, a marine CONSTRUCTION [] company, made a strong debut, up 31 sen to RM1.31. There were 56.29 million shares done.
Tradewinds was the top gainer, rising 32 sen to RM7.96 while related company Bernas added 18 sen to RM3.07.
DiGi rose 22 sen to RM25.30 with1,100 shares'' done.'' OSK Research is maintaining its forecast and NEUTRAL recommendation on DiGi.Com pending the release of its 4QFY10 results at month end.
'We think there is a likelihood that Digi may declare a special dividend for the final quarter, adding to RM1.20 DPS/share paid to-date as part of its progressive capital management plans (internal target to raise net debt/equity to 0.5-0.8x from 0.2x over the mid to longer term),' said OSK Research.
SPB added 23 sen to RM3.93, APM 10 sen to RM5.69, Esso 15 sen to RM3.22 and SapuraCrest 13 sen to RM3.63.
SAAG was the most active with 69.26 million shares done. It was up 0.5 sen to 13 sen.
Among the decliners were DFZ, down 13 sen to RM3.38. GAB 12 sen to RM10.80 while Dutch Lady shed eight sen to RM17.52.
Glove makers, Supermax shed seven sen to RM4,55 and Top Glove six sen to RM5.18.
Genting lost eight sen to RM11.80 and Hong Leong Bank five sen to RM9.41
At 10am, the KLCI was up 1.6 points to 1,571.55 on mild profit taking as the market settled in during the first hour of trade, weighed down by marginal losses in Genting and Hong Leong Bank. Turnover was 435.7 million shares valued at RM325.06 million. There were 332 gainers, 194 losers and 242 stocks unchanged.
Japan's Nikkei average bounced back towards eight-month highs on Monday after stronger-than-expected earnings from JPMorgan helped financial stocks, with higher oil prices also lifting energy-related shares.
The benchmark Nikkei was up 0.3% or 35.67 points at 10,535.11. On Friday it fell 0.9% after a surprisingly weak settlement of options for January.
Meanwhile, Hwang DBS Vickers Research said that while the medium-term market outlook remained positive, it reckoned the Malaysian bourse may extend its consolidation pattern on Monday due to profit-taking pressures.
'Its benchmark FBM KLCI will probably swing sideways with a marginal downward performance. Immediate support and resistance levels are currently seen at 1,550 and 1,585, respectively,' it said.
HDBSVR said against a backdrop of mixed market breadth, selected counters could still attract strong investors' interest ahead. It cited Kumpulan Europlus and its parent company IJM Corporation, following a report that the West Coast Expressway (in which Kumpulan Europlus has a controlling interest) would proceed pending an approval from the Cabinet.
It added SP Setia would be focus on news the property developer has secured the rights to develop a large tract of prime land located in Bangsar, Kuala Lumpur.
Benalec, a marine CONSTRUCTION [] company, made a strong debut, up 31 sen to RM1.31. There were 56.29 million shares done.
Tradewinds was the top gainer, rising 32 sen to RM7.96 while related company Bernas added 18 sen to RM3.07.
DiGi rose 22 sen to RM25.30 with1,100 shares'' done.'' OSK Research is maintaining its forecast and NEUTRAL recommendation on DiGi.Com pending the release of its 4QFY10 results at month end.
'We think there is a likelihood that Digi may declare a special dividend for the final quarter, adding to RM1.20 DPS/share paid to-date as part of its progressive capital management plans (internal target to raise net debt/equity to 0.5-0.8x from 0.2x over the mid to longer term),' said OSK Research.
SPB added 23 sen to RM3.93, APM 10 sen to RM5.69, Esso 15 sen to RM3.22 and SapuraCrest 13 sen to RM3.63.
SAAG was the most active with 69.26 million shares done. It was up 0.5 sen to 13 sen.
Among the decliners were DFZ, down 13 sen to RM3.38. GAB 12 sen to RM10.80 while Dutch Lady shed eight sen to RM17.52.
Glove makers, Supermax shed seven sen to RM4,55 and Top Glove six sen to RM5.18.
Genting lost eight sen to RM11.80 and Hong Leong Bank five sen to RM9.41
Friday, January 14, 2011
Bursa Malaysia: FBM KLCI retreats at mid-morning
KUALA LUMPUR:'' The FBM KLCI slipped into negative territory in early trade on Friday, Jan 14 in line with the overall decline at key regional markets following the weaker overnight close at Wall Street.
At 10am, the FBM KLCI was down 1.54 points to 1,570.02, weighed by losses at including the Genting group, CIMB, Gamuda and BAT.
Gainers trailed losers by 239 to 282 while 235 counters traded unchanged. Volume was 503.13 million shares valued at RM396.28 million.
At the regional markets, Singapore's Straits Times Index fell 0.81% to 3,229.53, the Shanghai Composite Index lost 0.66% to 2,808.91, Japan's Nikkei 226 lost 0.29% to 10,558.93, South Korea's Kospi fell 0.24% to 2,084.51, Taiwan's Taiex shed 0.15% to 8,962.01 while Hong Kong's Hang Seng Index opened little changed at 24.257.21.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note Jan 14 said that due to the softer US markets last night, the FBM KLCI could be in a profit-taking mood today ahead of the weekend, with rotational buying in the mid-cap and lower liner stocks, beside blue-chip strength being trimmed by later cashing-in of intraday gains.
On Bursa Malaysia, BAT was the top loser at mid-morning and fell 32 sen to RM48.16; United PLANTATION []s fell 28 sen to RM16.52, Dutch Lady and S P Setia lost 16 sen each to RM17.44 and RM7.66, UEM Land down 12 sen to RM3.13, Sungei Bagan 11 sen to RM3.20, Allianz lost 10 sen to RM5.10, Shell and CBIP eight sen each to RM10.70 and RM4.17, Genting and Genting Malaysia down six sen each to RM11.92 and RM3.59, while CIMB and Gamuda lost two sen each to RM8.75 and RM4.11.
The top gainer was JT International which rose 20 sen to RM6.80; IJM added 17 sen to RM6.69, Tradewinds 13 sen to RM7.59, Nestle 12 sen to RM45.30, DFZ and Suria Capital up 11 sen each to RM3.65 and RM2.39, QSR and Mudajaya up 10 sen each to RM5.53 and RM5.30, while Faber added nine sen to RM2.28.
Wah Seong jumped 16 sen to RM2.42 as work on the RM550 million-Gorgon LNG coating contract takes off.
ECM Libra Research said with orderbook growth from increased capex spend over 2011, Wah Seong should be re-rated to +1 standard deviation PE of 18x which was seen in previous rally in 2007 and 2009.
'As such, we peg its FY11 EPS to the 18x PE target to derive our revised target price of RM2.70 (previously RM2.09),' it said.
Tebrau was the most actively traded counter with 26.99 million shares done. The stock added one sen to 95.5 sen. Other actives included JAKS, Ramunia, Borneo Oil, Ho Wah Genting, Karambunai, Pentamaster and Hubline.
At 10am, the FBM KLCI was down 1.54 points to 1,570.02, weighed by losses at including the Genting group, CIMB, Gamuda and BAT.
Gainers trailed losers by 239 to 282 while 235 counters traded unchanged. Volume was 503.13 million shares valued at RM396.28 million.
At the regional markets, Singapore's Straits Times Index fell 0.81% to 3,229.53, the Shanghai Composite Index lost 0.66% to 2,808.91, Japan's Nikkei 226 lost 0.29% to 10,558.93, South Korea's Kospi fell 0.24% to 2,084.51, Taiwan's Taiex shed 0.15% to 8,962.01 while Hong Kong's Hang Seng Index opened little changed at 24.257.21.
Maybank Investment Bank Bhd head of retail research and chief chartist Lee Cheng Hooi in a note Jan 14 said that due to the softer US markets last night, the FBM KLCI could be in a profit-taking mood today ahead of the weekend, with rotational buying in the mid-cap and lower liner stocks, beside blue-chip strength being trimmed by later cashing-in of intraday gains.
On Bursa Malaysia, BAT was the top loser at mid-morning and fell 32 sen to RM48.16; United PLANTATION []s fell 28 sen to RM16.52, Dutch Lady and S P Setia lost 16 sen each to RM17.44 and RM7.66, UEM Land down 12 sen to RM3.13, Sungei Bagan 11 sen to RM3.20, Allianz lost 10 sen to RM5.10, Shell and CBIP eight sen each to RM10.70 and RM4.17, Genting and Genting Malaysia down six sen each to RM11.92 and RM3.59, while CIMB and Gamuda lost two sen each to RM8.75 and RM4.11.
The top gainer was JT International which rose 20 sen to RM6.80; IJM added 17 sen to RM6.69, Tradewinds 13 sen to RM7.59, Nestle 12 sen to RM45.30, DFZ and Suria Capital up 11 sen each to RM3.65 and RM2.39, QSR and Mudajaya up 10 sen each to RM5.53 and RM5.30, while Faber added nine sen to RM2.28.
Wah Seong jumped 16 sen to RM2.42 as work on the RM550 million-Gorgon LNG coating contract takes off.
ECM Libra Research said with orderbook growth from increased capex spend over 2011, Wah Seong should be re-rated to +1 standard deviation PE of 18x which was seen in previous rally in 2007 and 2009.
'As such, we peg its FY11 EPS to the 18x PE target to derive our revised target price of RM2.70 (previously RM2.09),' it said.
Tebrau was the most actively traded counter with 26.99 million shares done. The stock added one sen to 95.5 sen. Other actives included JAKS, Ramunia, Borneo Oil, Ho Wah Genting, Karambunai, Pentamaster and Hubline.
Tuesday, January 11, 2011
从租金回酬规划您的房地产投资
什么是规划？规划是指产业投资单位对未来评估，在环境下设定其期望之目标，拟定达成该目标的各种选择方案，并从中议决最适宜方案的一种分析过程，是一项比较全面的长远发展计划。
房地产规划对一家企业或个人都非常的重要，在我国更经常是一般企业成功的要素或企业失败的导因。
在1998年经济风暴之前，我国大企业几乎认定公司没拥有大批房地产、充裕的地库就不是大公司，而今天，我们看到多家上市公司变卖与该公司业务毫不相干的产业以求生存，这就是产业规划的奥妙与重要性。
华人「有房有地才是富」的传统观念在今天的现代企业并非绝对，正确的投资规划让公司快速成长，错误的规划则增加公司负担，房地产规划的确是企业领袖不得不熟读的经营策略。
在个人投资方面，我们看到一般人都是凭个人喜好、亲友介绍，就义无反顾地盲目投资，房地产规划与专业咨询根本不在他们的考量之内，结果往往就出现“卖了要亏本，留着租不出”的窘境，赔了夫人又折兵，左右为难。
房地产并非股票或其他流通的商品，可以随时交易，一般的房地产拥有期都至少两年或以上，一些国家或本地投资家更将之当成终身投资。因此，投资产业绝对不只是考虑其增值的回酬率，更应该将其租赁的机率与利率算在内。
房地产投资一般不是以现金交易，大部分投资者都会向银行贷款，而房子也必须维修与打理，这期间可能涉及大笔开销与管理费，更何况产业在没有使用的情况下会加速折旧，因此租金的多寡与租约的长短成了投资成败的决定因素。而一般投资人士往往在对租赁方面没有深入研究与规划之下就签下买卖合约，铸成大错，这种情况更时常出现在第一次投资房地产的年轻人身上。
有一点必须要考虑的是，容易出租的产业并不一定是高租金回酬，也很可能不是高投资回酬的产业项目；鱼与熊掌虽不能兼得，但从不同食品原料调配妥当一样会呈现美食佳肴。一些产业租金不高但升值快速，一些则租金高但难找租户，一些租户众多但问题更多，如何在这之中寻找一个平衡点就是成功投资者的特色。
购买投资性质的房地产是要用心来进行的，它像我们的生活，必须先有一个确定的目标，并谨慎的审核与调查，再进行分析与研究，才放下您的订金。
切记，不是很多人一窝蜂抢着去买的就是好产业，更不要因为您的亲戚买了就跟着去买，你本身必须头脑清晰、专业探讨后才作出决定，因为你必须对你自己的决定负责任。
一项游戏规则是，除非您有本事聘请专业人士管理或在同一地点拥有多单位的房地产单位，否则，我建议您在管理能力范围內、居所附近寻找合适产业当作投资，因为太远的距离会让你失去爱心，也会令你失去耐性，简单的说，你就不会是一个好的房东，也不会享受好的收入，那您投资为啥？
再者，将个人的喜好、偏好，注入投资决定的过程，则通常都会失去了好多真正的投资良机，或作出错误的决定。届时租不出去时才发觉，我喜欢的地点、我认为好的产业，并不是一般人要租的房子，那时也只能哀叹走错了第一步。
房地产投资是一项生意，既然是一门生意，投资的决定就必须是一项通过企业决策式的方程式去进行。
房地产本身增值的数目与速度不但是投资者必须注意到事项，其租金回酬率更是必须考虑到要点，记得! 这一切必须经过专业的规划.
红番茄
房地产规划对一家企业或个人都非常的重要，在我国更经常是一般企业成功的要素或企业失败的导因。
在1998年经济风暴之前，我国大企业几乎认定公司没拥有大批房地产、充裕的地库就不是大公司，而今天，我们看到多家上市公司变卖与该公司业务毫不相干的产业以求生存，这就是产业规划的奥妙与重要性。
华人「有房有地才是富」的传统观念在今天的现代企业并非绝对，正确的投资规划让公司快速成长，错误的规划则增加公司负担，房地产规划的确是企业领袖不得不熟读的经营策略。
在个人投资方面，我们看到一般人都是凭个人喜好、亲友介绍，就义无反顾地盲目投资，房地产规划与专业咨询根本不在他们的考量之内，结果往往就出现“卖了要亏本，留着租不出”的窘境，赔了夫人又折兵，左右为难。
房地产并非股票或其他流通的商品，可以随时交易，一般的房地产拥有期都至少两年或以上，一些国家或本地投资家更将之当成终身投资。因此，投资产业绝对不只是考虑其增值的回酬率，更应该将其租赁的机率与利率算在内。
房地产投资一般不是以现金交易，大部分投资者都会向银行贷款，而房子也必须维修与打理，这期间可能涉及大笔开销与管理费，更何况产业在没有使用的情况下会加速折旧，因此租金的多寡与租约的长短成了投资成败的决定因素。而一般投资人士往往在对租赁方面没有深入研究与规划之下就签下买卖合约，铸成大错，这种情况更时常出现在第一次投资房地产的年轻人身上。
有一点必须要考虑的是，容易出租的产业并不一定是高租金回酬，也很可能不是高投资回酬的产业项目；鱼与熊掌虽不能兼得，但从不同食品原料调配妥当一样会呈现美食佳肴。一些产业租金不高但升值快速，一些则租金高但难找租户，一些租户众多但问题更多，如何在这之中寻找一个平衡点就是成功投资者的特色。
购买投资性质的房地产是要用心来进行的，它像我们的生活，必须先有一个确定的目标，并谨慎的审核与调查，再进行分析与研究，才放下您的订金。
切记，不是很多人一窝蜂抢着去买的就是好产业，更不要因为您的亲戚买了就跟着去买，你本身必须头脑清晰、专业探讨后才作出决定，因为你必须对你自己的决定负责任。
一项游戏规则是，除非您有本事聘请专业人士管理或在同一地点拥有多单位的房地产单位，否则，我建议您在管理能力范围內、居所附近寻找合适产业当作投资，因为太远的距离会让你失去爱心，也会令你失去耐性，简单的说，你就不会是一个好的房东，也不会享受好的收入，那您投资为啥？
再者，将个人的喜好、偏好，注入投资决定的过程，则通常都会失去了好多真正的投资良机，或作出错误的决定。届时租不出去时才发觉，我喜欢的地点、我认为好的产业，并不是一般人要租的房子，那时也只能哀叹走错了第一步。
房地产投资是一项生意，既然是一门生意，投资的决定就必须是一项通过企业决策式的方程式去进行。
房地产本身增值的数目与速度不但是投资者必须注意到事项，其租金回酬率更是必须考虑到要点，记得! 这一切必须经过专业的规划.
红番茄
Saturday, January 8, 2011
Winning week for FBM KLCI
KUALA LUMPUR: Stocks on Bursa Malaysia climbed on Friday, Jan 7, with rotational interest seen in glove makers while there was some mild profit taking in PLANTATION []s.
Whatever selling there was, it was well absorbed with the FBM KLCI charting its five-straight days of gains in the first week of 2011 to end 3.84 points higher at a another record close of 1,572.21. For the week, it was up 53.3 points or 3.51% from 1,518.91 on Dec 30.
Again, it was another record high for the 30-stock index, despite some mild pullback in intra-day trading. But investors' sentiment was underpinned by the firmer external data and also the entry of foreign funds into the market.
Volume surged to 2.54 billion shares on Friday valued at RM3.45 billion. Advancing counters beat decliners 526 to 324 while 301 counters were unchanged.
Commodities slipped as the US dollar strengthened. Light crude oil was at US$88.46 per barrel while crude palm oil (CPO) futures retreated RM93 to RM3,740.
The US dollar strengthened to 3.0710 to the ringgit. The greenback also strengthened against the basket of six major world major currencies and the index was at 81, indicating the international value of the US dollar.
Key regional markets were mixed. Japan's Nikkei 225 rose 0.11% to 10,541.04, Shanghai's Composite Index added 0.52% to 2,838.80 and South Korea's Kospi 0.41% higher at 2,086.20. However, Hong Kong's Hang Seng Index fell 0.42% to 23,686.63 on profit taking, Taiwan's Taiex shed 1.13% to 8,782.72 and Singapore's Straits Times Index 0.74% lower at 3,255.53.
At Bursa Malaysia, Nestle climbed the most, up 40 sen to RM44.48 and Guinness Anchor 20 sen to RM10.36.
Glove makers showed some recovery, with Hartalega adding 31 sen to RM5.73, Supermax 22 sen tp RM4.46 and Adventa 17 sen to RM2.65. Kossan rose 10 sen to RM3.35 and the world's top glove maker Top Glove two sen to RM5.42.
Among the index-linked stocks, TM rose 17 sen to RM3.73, and pushing up the FBM KLCI by 1.44 points. Axiata added seven sen to RM4.91 while Maxis eased one sen to RM5.35. Among infrastructure stocks MMC advanced 18 sen to RM3.10 and Gamuda five sen to RM4.25.
Among the banks, Public Bank added eight sen to RM13.54 and AMMB four sen to RM7.07 but Hong Leong Bank shed five sen to RM9.30 and Maybank one sen to RM9.
Notion surged 30 sen to RM2 in relatively active trade despite a somber outlook for the semiconductor sector especially the hard-disk drive makers. JCY International added 1.5 sen to 85 sen.
Plantation stocks, which had rallied in tandem with record high CPO prices, saw some profit taking. KL Kepong shed 24 sen to RM22.38, Batu Kawan 18 sent to RM17.04, Far East 15 sen to RM7.35 while Kulim eased 12 sen to RM13.58.
Whatever selling there was, it was well absorbed with the FBM KLCI charting its five-straight days of gains in the first week of 2011 to end 3.84 points higher at a another record close of 1,572.21. For the week, it was up 53.3 points or 3.51% from 1,518.91 on Dec 30.
Again, it was another record high for the 30-stock index, despite some mild pullback in intra-day trading. But investors' sentiment was underpinned by the firmer external data and also the entry of foreign funds into the market.
Volume surged to 2.54 billion shares on Friday valued at RM3.45 billion. Advancing counters beat decliners 526 to 324 while 301 counters were unchanged.
Commodities slipped as the US dollar strengthened. Light crude oil was at US$88.46 per barrel while crude palm oil (CPO) futures retreated RM93 to RM3,740.
The US dollar strengthened to 3.0710 to the ringgit. The greenback also strengthened against the basket of six major world major currencies and the index was at 81, indicating the international value of the US dollar.
Key regional markets were mixed. Japan's Nikkei 225 rose 0.11% to 10,541.04, Shanghai's Composite Index added 0.52% to 2,838.80 and South Korea's Kospi 0.41% higher at 2,086.20. However, Hong Kong's Hang Seng Index fell 0.42% to 23,686.63 on profit taking, Taiwan's Taiex shed 1.13% to 8,782.72 and Singapore's Straits Times Index 0.74% lower at 3,255.53.
At Bursa Malaysia, Nestle climbed the most, up 40 sen to RM44.48 and Guinness Anchor 20 sen to RM10.36.
Glove makers showed some recovery, with Hartalega adding 31 sen to RM5.73, Supermax 22 sen tp RM4.46 and Adventa 17 sen to RM2.65. Kossan rose 10 sen to RM3.35 and the world's top glove maker Top Glove two sen to RM5.42.
Among the index-linked stocks, TM rose 17 sen to RM3.73, and pushing up the FBM KLCI by 1.44 points. Axiata added seven sen to RM4.91 while Maxis eased one sen to RM5.35. Among infrastructure stocks MMC advanced 18 sen to RM3.10 and Gamuda five sen to RM4.25.
Among the banks, Public Bank added eight sen to RM13.54 and AMMB four sen to RM7.07 but Hong Leong Bank shed five sen to RM9.30 and Maybank one sen to RM9.
Notion surged 30 sen to RM2 in relatively active trade despite a somber outlook for the semiconductor sector especially the hard-disk drive makers. JCY International added 1.5 sen to 85 sen.
Plantation stocks, which had rallied in tandem with record high CPO prices, saw some profit taking. KL Kepong shed 24 sen to RM22.38, Batu Kawan 18 sent to RM17.04, Far East 15 sen to RM7.35 while Kulim eased 12 sen to RM13.58.
Thursday, January 6, 2011
HLIB Research maintains Buy on Time dotCom, TP 95c
KUALA LUMPUR: Hong Leong Investment Band (HLIB) Research is maintaining its Buy on TIME DOTCOM BHD [] and rolled forward its target price to end-2011 at 95 sen.
It said that recent events, which saw Time dotCom signing agreements with DiGi and Astro, were consistent with its view that the company stands to benefit from the increasing need for wholesale fiber-broadband services.
The research house said over the weekend, Maxis Bhd chief executive officer Sundip Das also mentioned that Maxis was in talks with Time dotCom, further reinforcing its belief that more wholesale agreements are in the pipeline.
'For the beginning of the New Year, we roll-forward our target price to end-2011 at RM0.95 based on a rolled-forward PAT base year to 2011 in our sum-of-parts estimate,' it said.
HLIB Research said its target price assumes Time dotCom's business carries on as usual and does not take into account any contribution from the proposed acquisitions of GTL, GTC and AIMS.
'Additionally, our target price does not take into account any contribution from the recently proposed agreement with Astro. We maintain our BUY call on the stock, pending the inking of the deal with Astro and await the outcome of the proposed acquisitions in March,' it said.
It said that recent events, which saw Time dotCom signing agreements with DiGi and Astro, were consistent with its view that the company stands to benefit from the increasing need for wholesale fiber-broadband services.
The research house said over the weekend, Maxis Bhd chief executive officer Sundip Das also mentioned that Maxis was in talks with Time dotCom, further reinforcing its belief that more wholesale agreements are in the pipeline.
'For the beginning of the New Year, we roll-forward our target price to end-2011 at RM0.95 based on a rolled-forward PAT base year to 2011 in our sum-of-parts estimate,' it said.
HLIB Research said its target price assumes Time dotCom's business carries on as usual and does not take into account any contribution from the proposed acquisitions of GTL, GTC and AIMS.
'Additionally, our target price does not take into account any contribution from the recently proposed agreement with Astro. We maintain our BUY call on the stock, pending the inking of the deal with Astro and await the outcome of the proposed acquisitions in March,' it said.
FBM KLCI closes at record high for third day, banks lift
KUALA LUMPUR: The FBM KLCI closed at another record high for the third day on Wednesday, Jan 5, bucking the regional markets which took a breather, as foreign funds picked up bank stocks including CIMB, Maybank and Public Bank.
The 30-stock KLCI closed up 14.28 points or 0.92% at 1,566.17 but off the intra-day high of 1,571.85. Turnover surged to 2.35 billion shares valued at RM3.69 billion. Advancers beat decliners 547 to 320 while 273 counters were unchanged.
Among key regional markets, Japan’s Nikkei 225 retreated 0.17% to 10,380.77, Shanghai’s Composite Index 0.49% lower at 2,838.59, Taiwan’s Taiex1.68% at 8,846.31 but Hong Kong’s Hang Seng Index eked out 0.38% in gains to 23,757.82 and Singapore’s Straits Times Index inched up 0.02% to 3,250.89.
Commodity prices fell for a second day in a row on Wednesday, hurt by profit-taking and a stronger dollar and putting pressure on world equity markets. Oil, which had only a few days ago looked to be heading to $100 a barrel again, fell 71 cents to US$88.67 a barrel. Crude palm oil futures shed RM95 to RM3,768.
Reuters reported investors were also eyeing U.S. jobs data due on Friday for confirmation that the world's largest economy is recovering, a key factor in recent equity rallies.
The dollar index, which measures the greenback's value against major currencies, edged up 0.1% to 79.539. The ringgit was at 3.0695 to the US dollar.
At Bursa Malaysia, banking stocks were among the top gainers on foreign buying on expectations of firmer economic outlook and a stronger ringgit.
CIMB rose 35 sen to RM9, Public Bank foreign 26 sen to RM23.46, Maybank and Public Bank 24 sen each to RM9.01 and RM13.42.
Kulim, which was upgraded by analysts following its exposure to the strong growth in the fast-food consumer market and firm CPO prices via its PLANTATION []s, rose the most. It climbed 48 sen to RM13.24, while United Plantations added 20 sen to RM17.12.
Petronas Chemicals advanced in active trade, with its shares climbing 22 sen to RM5.80 with 67.8 8 million shares done. The CB call warrants surged 8.5 sen to 23.5 sen on the first trading day, while the CA call warrants added 3.5 sen to 36.5 sen.
Ramunia was in focus also, and it jumped 7.56 sen to 58 sen with 68.39 million shares done. The warrants added 2.5 sen to 32 sen.
Tenaga shed five sen to RM6.67, but off the low of RM6.62 with 16.55 million shares done. Investors are concerned about the impact of rising coal prices on the power giant’s earnings, especially without the much-needed tariff hike.
Written by Joseph Chin
The 30-stock KLCI closed up 14.28 points or 0.92% at 1,566.17 but off the intra-day high of 1,571.85. Turnover surged to 2.35 billion shares valued at RM3.69 billion. Advancers beat decliners 547 to 320 while 273 counters were unchanged.
Among key regional markets, Japan’s Nikkei 225 retreated 0.17% to 10,380.77, Shanghai’s Composite Index 0.49% lower at 2,838.59, Taiwan’s Taiex1.68% at 8,846.31 but Hong Kong’s Hang Seng Index eked out 0.38% in gains to 23,757.82 and Singapore’s Straits Times Index inched up 0.02% to 3,250.89.
Commodity prices fell for a second day in a row on Wednesday, hurt by profit-taking and a stronger dollar and putting pressure on world equity markets. Oil, which had only a few days ago looked to be heading to $100 a barrel again, fell 71 cents to US$88.67 a barrel. Crude palm oil futures shed RM95 to RM3,768.
Reuters reported investors were also eyeing U.S. jobs data due on Friday for confirmation that the world's largest economy is recovering, a key factor in recent equity rallies.
The dollar index, which measures the greenback's value against major currencies, edged up 0.1% to 79.539. The ringgit was at 3.0695 to the US dollar.
At Bursa Malaysia, banking stocks were among the top gainers on foreign buying on expectations of firmer economic outlook and a stronger ringgit.
CIMB rose 35 sen to RM9, Public Bank foreign 26 sen to RM23.46, Maybank and Public Bank 24 sen each to RM9.01 and RM13.42.
Kulim, which was upgraded by analysts following its exposure to the strong growth in the fast-food consumer market and firm CPO prices via its PLANTATION []s, rose the most. It climbed 48 sen to RM13.24, while United Plantations added 20 sen to RM17.12.
Petronas Chemicals advanced in active trade, with its shares climbing 22 sen to RM5.80 with 67.8 8 million shares done. The CB call warrants surged 8.5 sen to 23.5 sen on the first trading day, while the CA call warrants added 3.5 sen to 36.5 sen.
Ramunia was in focus also, and it jumped 7.56 sen to 58 sen with 68.39 million shares done. The warrants added 2.5 sen to 32 sen.
Tenaga shed five sen to RM6.67, but off the low of RM6.62 with 16.55 million shares done. Investors are concerned about the impact of rising coal prices on the power giant’s earnings, especially without the much-needed tariff hike.
Written by Joseph Chin
Chuan Huat Resources warrants oversubscribed 16.45 times
KUALA LUMPUR: CHUAN HUAT RESOURCES BHD []’s rights issue of 41.79 million warrants was oversubscribed by 16.45 times.
It said on Wednesday, Jan 5 the total acceptances and excess applications received for the rights issue was for 729.26 million, or 1,745.10% of the 41.79 million warrants available.
Chuan Huat said the rights issue of the five-year 2011/2016 warrants was on the basis of one warrant for every four shares held at two sen per warrant held on Dec 16.
Written by Joseph Chin
It said on Wednesday, Jan 5 the total acceptances and excess applications received for the rights issue was for 729.26 million, or 1,745.10% of the 41.79 million warrants available.
Chuan Huat said the rights issue of the five-year 2011/2016 warrants was on the basis of one warrant for every four shares held at two sen per warrant held on Dec 16.
Written by Joseph Chin
Tuesday, January 4, 2011
Strong start for 2011, FBM KLCI at fresh all-time high
KUALA LUMPUR: The FBM KLCI started the first trading day on Monday, Jan 3, 2011 on a strong note, with the 30-stock index closing at the all-time high of 1,533, underpinned by buying interest in heavyweights including PLANTATION [] stocks.
The KLCI closed 14.51 points or 0.96% higher at 1,533.42. Turnover was a hefty 1.61 billion shares valued at RM2.09 billion. Advancing counters beat decliners 664 to 195.
Regional equities markets also made a strong start on the first trading day on Monday, Jan 3, rising between 0.3% and 1.43%.
Hong Kong’s Hang Seng Index was the top performer, rising 1.74% or more than 400 points to 23,436.05; Singapore’s Straits Times Index 1.43% to 3,235.77, South Korea’s Kospi 0.93% higher at 2,070.08. Japan, China, Australia and New Zealand were closed.
Reuters reported Hong Kong stocks kicked of 2011 with a firm start as robust holiday spending provided a lift for shares of mall and casino operators, and energy stocks extended a recent strong run on the back of steady oil prices.
Spot gold prices were steady, after posting a 30% gain last year, and silver rose to a 30-year peak above US$31 on a bullish market outlook for this year, but a stronger dollar weighed.
Oil extended its rally above US$91 a barrel on optimism the global economic rebound is gathering momentum, which could drive demand growth and send prices above US$100 later this year.
At Bursa Malaysia, Sime Darby rose 15 sen to RM8.95 while CIMB added 12 sen to RM8.62, pushing the FBM KLCI up by 2.13 points and 2.11 points. Genting Malaysia’s 12 sen gain to RM3.51 added 1.11 points to the benchmark.
BAT rose the most, climbing 80 sen to RM45.80, DiGi 48 sen to RM25.08 and Petronas Dagangan 30 sen to RM12.80.
Among plantations, United Plantations rose 46 sen to RM17.20 and KL Kepong 28 sen to RM22.38.
Allianz added 36 sen to RM4.85 and Allianz-PA 33 sen to RM4.71. CONSTRUCTION []-based Ekovest, which The Edge FinancialDaily reported on Jan 30 that executive chairman Datuk Lim Kang Hoo was keen on Tanjong Plc’s gaming business, surged 38 sen to RM2.37.
The euphoria saw Talam, which posted losses, even adding 0.5 sen to nine sen with 76.67million shares done.
Borneo Oil, which released its quarterly earnings last Thursday, surged 15 sen to 34.5 sen. The group recorded a profit before taxation of RM80.30 million as compared to the preceding quarter loss of RM70,000.
BorneoOil had said this significant increase in the profit was mainly attributable to the effect of the change in the fair value of the group’s investment PROPERTIES [] amounting to RM 80.74 million.
Among the decliners were Cepco, down 44 sen to RM2.26 with 2,000 shares done, JobStreet 17 sen to RM2.81 and EON Cap 12 sen to RM6.98.
IJM Land fell nine sen to RM2.77 in very active trade, with 10.59 million shares done, IJM Land-WA shed seven sen to RM1.54, IJM Corp five sen to RM6.18 while MRCB added one sen to RM2 after the selldown last Thursday ahead of the announcement that the IJM Land-MRCB merger was called off.
The KLCI closed 14.51 points or 0.96% higher at 1,533.42. Turnover was a hefty 1.61 billion shares valued at RM2.09 billion. Advancing counters beat decliners 664 to 195.
Regional equities markets also made a strong start on the first trading day on Monday, Jan 3, rising between 0.3% and 1.43%.
Hong Kong’s Hang Seng Index was the top performer, rising 1.74% or more than 400 points to 23,436.05; Singapore’s Straits Times Index 1.43% to 3,235.77, South Korea’s Kospi 0.93% higher at 2,070.08. Japan, China, Australia and New Zealand were closed.
Reuters reported Hong Kong stocks kicked of 2011 with a firm start as robust holiday spending provided a lift for shares of mall and casino operators, and energy stocks extended a recent strong run on the back of steady oil prices.
Spot gold prices were steady, after posting a 30% gain last year, and silver rose to a 30-year peak above US$31 on a bullish market outlook for this year, but a stronger dollar weighed.
Oil extended its rally above US$91 a barrel on optimism the global economic rebound is gathering momentum, which could drive demand growth and send prices above US$100 later this year.
At Bursa Malaysia, Sime Darby rose 15 sen to RM8.95 while CIMB added 12 sen to RM8.62, pushing the FBM KLCI up by 2.13 points and 2.11 points. Genting Malaysia’s 12 sen gain to RM3.51 added 1.11 points to the benchmark.
BAT rose the most, climbing 80 sen to RM45.80, DiGi 48 sen to RM25.08 and Petronas Dagangan 30 sen to RM12.80.
Among plantations, United Plantations rose 46 sen to RM17.20 and KL Kepong 28 sen to RM22.38.
Allianz added 36 sen to RM4.85 and Allianz-PA 33 sen to RM4.71. CONSTRUCTION []-based Ekovest, which The Edge FinancialDaily reported on Jan 30 that executive chairman Datuk Lim Kang Hoo was keen on Tanjong Plc’s gaming business, surged 38 sen to RM2.37.
The euphoria saw Talam, which posted losses, even adding 0.5 sen to nine sen with 76.67million shares done.
Borneo Oil, which released its quarterly earnings last Thursday, surged 15 sen to 34.5 sen. The group recorded a profit before taxation of RM80.30 million as compared to the preceding quarter loss of RM70,000.
BorneoOil had said this significant increase in the profit was mainly attributable to the effect of the change in the fair value of the group’s investment PROPERTIES [] amounting to RM 80.74 million.
Among the decliners were Cepco, down 44 sen to RM2.26 with 2,000 shares done, JobStreet 17 sen to RM2.81 and EON Cap 12 sen to RM6.98.
IJM Land fell nine sen to RM2.77 in very active trade, with 10.59 million shares done, IJM Land-WA shed seven sen to RM1.54, IJM Corp five sen to RM6.18 while MRCB added one sen to RM2 after the selldown last Thursday ahead of the announcement that the IJM Land-MRCB merger was called off.
TOMEI - Time to accumulate Tomei
Stock Name: TOMEI
Company Name: TOMEI CONSOLIDATED BHD
Research House: HLG
Tomei Consolidated Bhd
()
Accumulate at 67.5 sen with target price of 90 sen: Tomei was listed on the then Second Board in July 2006, and was subsequently transferred to the Main Board in Sept 2007. Tomei was founded in 1968, and has evolved from a small enterprise into an integrated manufacturer and retailer of jewellery.
On the back of appealing gold and gemstone designs, Tomei has set up a total of 59 retail outlets in Malaysia, 10 kiosks in Vietnam and three in China, operating under the brand names of Tomei, My Diamond, TH Jewellery and Le Lumiere.
In 9MFY2010, revenue grew 21% year-on-year to RM263 million while profit after tax jumped 26% to RM16 million, driven by improved consumer spending and higher retail prices for gold.
Investor concern over the sustainability in demand for jewellery as well as margin pressures following the recent spike in gold prices is misplaced as Tomei retains the ability to pass down the rising cost of raw materials.
As Tomei adheres to a policy of purchasing gold on a constant basis, the group benefits when gold prices increase and vice versa due to the average-cost principle. In other words, the spread between the purchase and selling prices of gold increases as gold prices move up, thereby enhancing the group's margins in the process.
Tomei's share price tumbled 18% from a 52-week high of 79.5 sen (Nov 15) to 65 sen (Dec 9) before closing at 67.5 sen (50% FR) on Dec 28, which has fulfilled the minimum retracement target.
In view of the uptick in the momentum and trend indicators after recovering from the oversold territory, indicating that the odds will remain in the bulls' favour as long as the price is held steady above the daily upper uptrend line (UTL) of 64.5 sen or 61.8% FR.
We are eyeing 70 sen (38.2% FR) as the immediate upside target, followed by the 74 sen (23.6% FR), and 80 sen (UTL of the weekly chart). A further run-up above 80 sen will spur prices higher to tough resistance zones of 85 and 90 sen. Immediate support levels are 64.5 and 63 sen (two-month low).
Tomei is trading at trailing 4.2 times price-earnings ratio (based on cumulative four-quarter earnings per share of 16.2 sen), which is greatly undervalued against its peers' PER of 8.9 times.
Our six-month target price is 90 sen, implying a 5.6 times trailing PER, in line with Poh Kong's PER of six times. Stop loss below 63 sen. ' Hong Leong Investment Bank Research
Company Name: TOMEI CONSOLIDATED BHD
Research House: HLG
Tomei Consolidated Bhd
()
Accumulate at 67.5 sen with target price of 90 sen: Tomei was listed on the then Second Board in July 2006, and was subsequently transferred to the Main Board in Sept 2007. Tomei was founded in 1968, and has evolved from a small enterprise into an integrated manufacturer and retailer of jewellery.
On the back of appealing gold and gemstone designs, Tomei has set up a total of 59 retail outlets in Malaysia, 10 kiosks in Vietnam and three in China, operating under the brand names of Tomei, My Diamond, TH Jewellery and Le Lumiere.
In 9MFY2010, revenue grew 21% year-on-year to RM263 million while profit after tax jumped 26% to RM16 million, driven by improved consumer spending and higher retail prices for gold.
Investor concern over the sustainability in demand for jewellery as well as margin pressures following the recent spike in gold prices is misplaced as Tomei retains the ability to pass down the rising cost of raw materials.
As Tomei adheres to a policy of purchasing gold on a constant basis, the group benefits when gold prices increase and vice versa due to the average-cost principle. In other words, the spread between the purchase and selling prices of gold increases as gold prices move up, thereby enhancing the group's margins in the process.
Tomei's share price tumbled 18% from a 52-week high of 79.5 sen (Nov 15) to 65 sen (Dec 9) before closing at 67.5 sen (50% FR) on Dec 28, which has fulfilled the minimum retracement target.
In view of the uptick in the momentum and trend indicators after recovering from the oversold territory, indicating that the odds will remain in the bulls' favour as long as the price is held steady above the daily upper uptrend line (UTL) of 64.5 sen or 61.8% FR.
We are eyeing 70 sen (38.2% FR) as the immediate upside target, followed by the 74 sen (23.6% FR), and 80 sen (UTL of the weekly chart). A further run-up above 80 sen will spur prices higher to tough resistance zones of 85 and 90 sen. Immediate support levels are 64.5 and 63 sen (two-month low).
Tomei is trading at trailing 4.2 times price-earnings ratio (based on cumulative four-quarter earnings per share of 16.2 sen), which is greatly undervalued against its peers' PER of 8.9 times.
Our six-month target price is 90 sen, implying a 5.6 times trailing PER, in line with Poh Kong's PER of six times. Stop loss below 63 sen. ' Hong Leong Investment Bank Research
Sunday, January 2, 2011
Ringgit likely to continue uptrend
The ringgit, which was firmer against the US dollar throughout the week, is likely to start the new year higher next week, dealers said.
They said the local unit would remain firm and trade between 3.08 and 3.06 levels in the near term on the back of strong economic fundamentals, robust economic recovery and rising interest rate.
This region would be more appealing to investors especially foreign institutions amid the uncertain outlook of the global economic and financial crisis recovery in the US as well as Europe, a dealer said.
Meanwhile, the strengthening of the local unit was due to the widening interest rate differentials between Malaysia and the advanced economies, a forex analyst said.
He said the greenback's losses were downplayed to low liquidity as many investors were already out of the market for the long new year break.
The local market was closed on Friday following Prime Minister Datuk Seri Najib Tun Razak's announcement, declaring it as a public holiday after Malaysia's maiden victory in the Asean Football Federation Suzuki Cup championship on Wednesday.
For the just ended week, the ringgit closed higher against the US dollar at 3.0830/0880 on Thursday compared with 3.0930/0980 last Friday.
It fell against the Singapore dollar to 2.3831/3872 from 2.3783/3827 last Friday and also against the Japanese yen to 3.7814/7880 from 3.7306/7384.
The ringgit appreciated against the British pound at 4.7771/7861 from 4.7781/7870 last Friday but depreciated against the euro to 4.0828/0901 from 4.0636/0708 previously.
They said the local unit would remain firm and trade between 3.08 and 3.06 levels in the near term on the back of strong economic fundamentals, robust economic recovery and rising interest rate.
This region would be more appealing to investors especially foreign institutions amid the uncertain outlook of the global economic and financial crisis recovery in the US as well as Europe, a dealer said.
Meanwhile, the strengthening of the local unit was due to the widening interest rate differentials between Malaysia and the advanced economies, a forex analyst said.
He said the greenback's losses were downplayed to low liquidity as many investors were already out of the market for the long new year break.
The local market was closed on Friday following Prime Minister Datuk Seri Najib Tun Razak's announcement, declaring it as a public holiday after Malaysia's maiden victory in the Asean Football Federation Suzuki Cup championship on Wednesday.
For the just ended week, the ringgit closed higher against the US dollar at 3.0830/0880 on Thursday compared with 3.0930/0980 last Friday.
It fell against the Singapore dollar to 2.3831/3872 from 2.3783/3827 last Friday and also against the Japanese yen to 3.7814/7880 from 3.7306/7384.
The ringgit appreciated against the British pound at 4.7771/7861 from 4.7781/7870 last Friday but depreciated against the euro to 4.0828/0901 from 4.0636/0708 previously.
AirAsia scratches Trivandrum off list
Budget airline AirAsia will stop flying to Thiruvananthapuram (Trivandrum) in Kerala, India, on Jan 11.
A statement on AirAsia's website stated that flights to Trivandrum would cease from Jan 11 and would be "suspended until further notice".
Flights to Chennai from Penang are also suspended until further notice from Jan 21.
However, flights from Kuala Lumpur to Chennai will continue.
AirAsia launched direct flights daily on its Kuala Lumpur-Trivandrum route on Oct 15, 2009.
The airline still flies to Kochi, Kerala.
A statement on AirAsia's website stated that flights to Trivandrum would cease from Jan 11 and would be "suspended until further notice".
Flights to Chennai from Penang are also suspended until further notice from Jan 21.
However, flights from Kuala Lumpur to Chennai will continue.
AirAsia launched direct flights daily on its Kuala Lumpur-Trivandrum route on Oct 15, 2009.
The airline still flies to Kochi, Kerala.
Saturday, January 1, 2011
PTPTN乱派钱 工作者也收到高教金
（实兆远）行动党太平区国会议员倪可敏又揭发国家高等教育基金会（PTPTN）乱派钱，连远赴新加坡工作谋生的爱中毕业生也莫名其妙收到该局派发的1500令吉支票。
爱大华巴刹小贩冯秀琼（44岁）在友人郑爱花陪同下到行动党国州议员服务中心投诉，其长女雷春梅自爱大华国中中五毕业后即远赴新加坡工作谋生，从来不曾向该基金提出任何申请，此外她也不曾向大专申请深造，令人不解的是其女儿却收到了当局发出的支票。国家高等教育基金甚至规定领取了该1500令吉款项后若沒有提出申请须赔偿150令吉。
近20万人欠高教金逾20亿
倪可敏于本月中曾在其国会文告中揭发，根据高教部长拿督斯里卡立诺丁针对他在国会的提问，国家高等教育基金在总数365亿批准的款项中，到期应当偿还的款项是40亿7500万，可是收到的款项不及一半，逾期遭拖欠者高达52%， 涉及款项更高达21亿1500万元；拖欠高等教育基金者人数更多达19万6402人。
令人震惊的是，即使国家高等教育基金巳因管理不善遭拖欠逾20亿，当局甚至被迫向公积金（EPF)借贷，但是现今却再三发生国家高等教育基金向不曾申请该基金的学生乱派钱的事件。
也是班台区州议员的倪可敏指出，雷春梅的个案的确说明了国家高等教育基金内部问题一箩箩。她的个案并非如高教副部长拿督何国忠所言，因事主曾向大专机构申请就读因此该部发出1,500令吉先充当开学费用，因为雷春梅根本就不曾做出任何申请。
倪可敏表示，逾20亿高教基金遭拖欠不还意味着愈多大专生将来可能面对申请无门的窘境，这是十分严重的事。他抨击政府把拖欠备受争议交通传票（Saman Ekor）的百万名车主列入黑名单禁止他们更新路税但对拖欠高等教育基金者却网开一面，使到遭拖欠的公款竟突破20亿大关。
出席今日记者会的包括木威区国会议员拿督倪可汉政治秘书杨祖强、行动党爱大华支部主席张友強、秘书彭兴忠、前市议员彭宏钟与党元老李万平等人。
[光华日报]
爱大华巴刹小贩冯秀琼（44岁）在友人郑爱花陪同下到行动党国州议员服务中心投诉，其长女雷春梅自爱大华国中中五毕业后即远赴新加坡工作谋生，从来不曾向该基金提出任何申请，此外她也不曾向大专申请深造，令人不解的是其女儿却收到了当局发出的支票。国家高等教育基金甚至规定领取了该1500令吉款项后若沒有提出申请须赔偿150令吉。
近20万人欠高教金逾20亿
倪可敏于本月中曾在其国会文告中揭发，根据高教部长拿督斯里卡立诺丁针对他在国会的提问，国家高等教育基金在总数365亿批准的款项中，到期应当偿还的款项是40亿7500万，可是收到的款项不及一半，逾期遭拖欠者高达52%， 涉及款项更高达21亿1500万元；拖欠高等教育基金者人数更多达19万6402人。
令人震惊的是，即使国家高等教育基金巳因管理不善遭拖欠逾20亿，当局甚至被迫向公积金（EPF)借贷，但是现今却再三发生国家高等教育基金向不曾申请该基金的学生乱派钱的事件。
也是班台区州议员的倪可敏指出，雷春梅的个案的确说明了国家高等教育基金内部问题一箩箩。她的个案并非如高教副部长拿督何国忠所言，因事主曾向大专机构申请就读因此该部发出1,500令吉先充当开学费用，因为雷春梅根本就不曾做出任何申请。
倪可敏表示，逾20亿高教基金遭拖欠不还意味着愈多大专生将来可能面对申请无门的窘境，这是十分严重的事。他抨击政府把拖欠备受争议交通传票（Saman Ekor）的百万名车主列入黑名单禁止他们更新路税但对拖欠高等教育基金者却网开一面，使到遭拖欠的公款竟突破20亿大关。
出席今日记者会的包括木威区国会议员拿督倪可汉政治秘书杨祖强、行动党爱大华支部主席张友強、秘书彭兴忠、前市议员彭宏钟与党元老李万平等人。
[光华日报]
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