BURSA MALAYSIA MARKET IDEAS MONDAY

FBMKLCI MSCI REVIEW, WEAK GDP SINK KLCI

Highlights

• The FBMKLCI closed much lower at -20.72 point or -1.26% to close at 1628.26.

• FBMKLCI big down after MSCI review, plus weaker than last year's GDP data upset traders. This could lead to more serious fall if coming day fail to support.

• Mentioned last Friday, "DJIA did not do very well yesterday, a reverse of 200 point is a wipe off for the day before, however if it still stay above 17600 without a big fall, then DJIA may consider as sideways".

• "If it suddenly big fall pointing down towards 17500 or more, then it may have a bigger downtrends" Seems it coming way down now. Careful trader it may affect our market.

• As the market sentiment turn into very worrisome, I suggest we take rest for short term trade for today.

Counter Specific News

• Printing firm Tien Wah Press Holdings Bhd, in its diversification strategy, proposes to redevelop its factory site in Jalan Semangat, Petaling Jaya, into a mixed-use commercial project.

• Smallish plantation player TDM Bhd is eyeing further growth from its healthcare segment, in which it has had a presence since its listing.

•  Leader Steel Holdings Bhd expects its second-quarter results this year to improve by at least 20% versus the first quarter. The company sees its quarterly sales, which have risen by 5% to 10% in the past, improving on surging demand due to the shortage of hot and cold-rolled raw materials.

• Raya Airways Sdn Bhd, formerly Transmile Air Services Sdn Bhd, will soon break the duopoly and get a slice of the action in the provision of cargo terminal and ground-handling services at the KL International Airport (KLIA). 

•  Apex Healthcare Bhd is ready to chart another milestone as it takes a more aggressive stance on international markets to sustain its record-high revenue. Its aim in the long term is to have the international markets’ contribution account for more than 50% of revenue. 

• After suffering losses for three consecutive years, Wong Engineering Corp Bhd (WEC) is bullish about returning to the black in the current year after having tightened its costs and converted half its billings into US dollars to hedge against volatile exchange rates. The company is also contemplating mergers, which could be with a firm in any sector, including property.

The greatest revenge is to accomplish what others say you cannot do this Monday !

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BURSA MALAYSIA MARKET IDEAS FRIDAY (13/05/2016):

FBMKLCI FOREIGN FUND COME BACK By LTA

Dear All,

• The FBMKLCI shut higher at +4.4 point or +0.27% to close at 1648.98.

• Praise on VIVOCOM as it have conveyed entirely solid result the same number of doesn't take a gander at this organization, I have done my part to present the organization as right on time as before RM 0.30, those as of now hop in can now take benefit on the off chance that you wish to.

• FBMKLCI bounce back again and remote asset demonstrate a little return, ideally our FBMKLCI ready to stay at this level for some time to keep the business sector opinion stay nonpartisan.

• DJIA did not do extremely well yesterday, a converse of 200 point is a wipe off for the day preceding, in any case on the off chance that regardless it keep afloat without a major fall, then DJIA may consider as sideways. On the off chance that it abruptly huge fall indicating down towards 17500 or all the more, then it might have a greater downtrends.

• A portion of the stock see some bullish resemble: JOHOTIN, FLBHD, FAVCO, IMASPRO, SUNCON thus some more.

Cash can assembled Castle yet can't purchase princess heart this Friday !


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BURSA MALAYSIA MARKET IDEAS THURSDAY (12/05/2016):

FBMKLCI TIME FOR A RESULT PLAY 

Dear All,

• The FBMKLCI shut higher at +8.74 point or +0.53% to close at 1644.58. 

• Compliment again on AWC, VIVOCOM, AAX, AIRASIA, TUNEPRO our of late top choice. Recently Meletup once more! 

• FBMKLCI bounce back again and appears to be 1MDB issues may processed a few and numerous stock proceed goreng. 

• Since yesterday DJIA enormous push up 200+ point, if today somewhat fall a bit ought to be typical, the length of it wear fall underneath yesterday opening value, then its still sideways inclining. Should not influence our nearby market excessively. 

• As May is crest result month, numerous organization will make their last genuine or FAKE rally. I firmly propose don't stay with the you not certain the outcome great or not until the outcome is out. Unless your expense is low. We as of now experience a great deal poor result last quarter and crevice down its very agonizing. 

• Nonetheless some stock we great desire right now resemble: AAX, AIRASIA, TUNEPRO. 

• Solid force stock resemble: VIVOCOM, DUFU, KRONO and some more. 

Butterfly need to fly so much and overlooked its used to be caterpillar this Thursday !

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BURSA MALAYSIA MARKET IDEAS WEDNESDAY (11/05/2016):

FBMKLCI LET IT FALL AND GORENG NON INDEX COUNTER 

Dear All, 

• The FBMKLCI shut higher at +3.65 point or +0.22% to close at 1635.84. 

• Salutation first on AWC as last Friday I specified a considerable measure before shutting, today hit as high as 0.715 ! 

• FBMKLCI yesterday demonstrate solid bounce back however not certain will be influenced by 1MDB news again or not for now. In the event that it fall, let it be as we goreng non file related stock so it's not affect excessively. 

• DJIA right now indicating very positive development as I said it's still sideways and little bounce back will happen, I can't see a major downtrend coming yet. In spite of the fact that there are a great deal individuals yelling short and reviling a meletup bear come, appears like still not yet coming. In the event that this evening can close +100 point then it ought to be exceptionally positive towards Asian business sector. 

• Since business sector inspired potential to bounce back and turn marginally positive, I would propose to screen firmly stock underneath: 

• KRONO, HOVID, AAX, MAA, MMCCORP, VIVOCOM, WANGZNG, KUB thus some more. 

The most ideal approach to counter-assault a hater is to make it evident that their assault has no effect on you this Wednesday !

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BURSA MALAYSIA MARKET IDEAS FRIDAY (06/05/2016):

FBMKLCI READY TO BOOST BY SARAWAK ELECTION

Dear All,

• The FBMKLCI closed lower at -12.49 point or -0.75% to close at 1645.09.

• FBMKLCI really fail to rebound strongly yesterday however the last chance given on tomorrow and Monday after Sarawak election.

• DJIA at the moment show positive rebound, any close above 100 over point may give more momentum on Asia market. Oil also rebound on Canada wildfire, this time seems like the natural disaster possible send out the mini bull back.

• We shall see how DJIA closing later to final confirm whether a small rebound may happens.

• Since the market got slightly turn positive, stock to watch are like: ALAM, KNM, ARMADA (oil sector), MAA, CMSB, HSL, AWC.

Umbrella only created after the rain, successful prediction made before things happen this Friday !

BURSA MALAYSIA MARKET IDEAS TUESDAY (10/05/2016):

FBMKLCI GET WORSEN AND WORRIED ON 1MDB

Dear All,

• The FBMKLCI closed lower at -17.17 point or -1.04% to close at 1632.19.

• FBMKLCI fail to rebound again over BN wins in Sarawak, this could mean our stock market are in terrible mood, trade less and wait until clearer picture to decide.

• DJIA at the moment slightly positive over most of the Europe counties rebound, if it can close more than hundreds, then can kick some stock move for our stock market.

• Again, since Sarawak BN big win, stock like CMSB, HSL, NAIM, KKB still have good prospect in mid term.

• Some stock that look still bullish based on yesterday are like: AAX, AIRASIA, EFORCE, VIVOCOM, TEKSENG, AWC, MAA and some others.

Overcome every new challenge will let you get stronger this Tuesday !

Weekly Technical Analysis - KLCI

Weekly Wrap

• The week started with bearish sentiments and traded range bound thorough the week and ended on a positive note on Friday.The FBM KLCI index gained 33.27 points or 2.04% on Friday. 

• The Finance Index increased 1.56% to 13882.41 points, the Properties Index up 1.24% to 1111.47 points and the Plantation Index rose 4.51% to 7916.2 points. The market traded within a range of 36.18 with a high of 1667.80 and a low of 1631.62 during the session.

• The KLCI surged and closed higher at 1667.80 points amid overnight gains in US market after oil prices rose for the third consecutive day. The performance of our local bourse was in tandem with most of our regional peers following the Bank of Japan unexpectedly eased monetary policy further by introducing a negative interest rate policy.

Market Forecast

The KLIC index is expecting it to continue its bullish movement in coming week on the back of the expectation of the potential rebound in the Crude Oil price, however the market can take resistance at the level of 1675 and the crossover of this level can lead to a bullish movement in near term and after that the market can test the level of 1700.

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