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market penat nak naik hahaha |
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pelan2 kayuh bro...market rest jap n kmpul energy naik smla ..haha |
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U all jangan risau lah..naik dan terus naik..tak mahu turung turung...
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takpeee... jatuh la dulu sikit... pasni zoom la balik... 
whomyd Post at 30-7-2009 12:18 
whomyd aka humaidi..
next week hang jangan buat buat lupaaa..
hang punya group present....hang discuss lah dengan anak buah hang.,...dengan nik ke.... |
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Boss, macamana acara KLCC Jumaat lepas...Tauke ader dpt tackle aweks Suria KLCC ka |
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2723# kirawang
market naik, consultant ada byk senyum
market turun, consultant ada sikit masam
tapi consultant yg constant tetap buat sales |
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2725# tam99
Tak de lah tam..
Dia setia dengan awek baru Tawau dia....
kami makan kat Dome ..lps tu mata dia meliar liar tengok gf orang...... |
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Overbought, correction may set in
Published: 2009/08/03
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Despite increasingly overbought technical conditions, buyers were able to shore up the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) to an 11-month high last week for a third straight week of gains, encouraged by further breakout rallies in the region even after China's stock markets suffered a 5 per cent correction in mid-week.
Week-on-week, the FBM KLCI rose 19.02 points, or 1.65 per cent, to close at 1,174.90. Top contributors to the index's rise were BCHB (+7.14 points for the FBM KLCI), Sime Darby (+4.48), and PPB GRoup (+2.17) which in total represent 72 per cent of the week's gain. Average daily traded volume and value improved to 1.092 billion shares worth RM1.65 billion respectively, compared with the 1.021 billion shares and RM1.585 billion average the previous week.
There was nothing to shout about on the local front that contributed to the surge in the FBM KLCI last week. The external drive and rise in the benchmark index were expected and it could test the 1,188 resistance this week before succumbing to selling pressures. Bank Negara Malaysia's stance to maintain the Overnight Policy Rate at 2 per cent last week was hardly surprising given the backdrop of improving economic fundamentals, potential inflationary pressures from rising public transport costs that came into effect this month, higher fuel prices next month and a likely rise in electricity tariffs.
At a CY10 PER of 16.2x, the month-old FBM KLCI looks extremely expensive vis-a-vis its regional peers which are trading at an average PER of 13x. Thailand, South Korea and Indonesia are trading at a much attractive valuation of between 10x and 12x, which should minimise the prospects of foreign funds chasing after the 30 index-linked counters.
While most of the index constituents appear pricey, counters like Tenaga, Tanjong, PLUS, Astro and Hong Leong Bank are still undervalued and could provide further upside to the index. Tenaga and Tanjong are trading at a much cheaper price-to-earnings and price-to-EBITDA multiples compared to regional players. Tenaga will benefit from recovering demand and reduced fuel cost risk with business friendly government policies while Tanjong's earnings are expected to almost double in the current financial year in the absence of last year's hefty provisions and improving performance from its business units. This could attract foreign interest.
Talk of the potential award of contracts worth RM1 billion for the new main low-cost carrier terminal building and runway works in September or October could invite some speculative interest in construction plays like Gamuda, IJM Corp and WCT this week but it will no longer have an impact on the FBM KLCI but on the FBM Mid 70 and Top 100. Nonetheless, none of them appears attractive at current price levels.
We will witness the implementation of the Main Market, the unified board consisting of the main and second boards, and the ACE Market, previously known as the Mesdaq Market, today. With the revised regulatory framework of the Main Market, investors will have a choice to lay their hands on put warrants and the soon-to-be-introduced over-the-counter securities borrowing and lending scheme could enhance its attractiveness. While the reduction in tick size is positive in enhancing arbitrage opportunities between cash and futures markets, valuation matters at the end of the day to have an impact on the index. Nonetheless, it is hard to comprehend the benefit of a shorter trading halt of only one hour to disseminate a material announcement. An announcement of a complex deal that runs over many pages needs time to digest and analyse, and the institutional investors will have an unfair advantage over retail players due to fast and competent advice as a result of a direct linkage with buy-side and sell-side analysts.
Technical outlook
Strong regional gains and renewed buying interest in oil & gas related stocks lifted the broader market higher on Monday. The FBM KLCI managed to recover from the week's low of 1,148.26 to end at the day's high of 1,156.43. The next day the local market extended its rally to fresh 11-month highs, driven up by regional breakout rallies due to earnings upgrades for banks and steelmakers.
However, stocks finally succumbed to profit-taking on Wednesday sparked by the 5 per cent correction on China's stock markets given overvaluation concerns and news the country may limit second-home financing. The index managed to chart a 11-month high of 1,179.08 before falling victim to profit-taking. Nevertheless, the region recovered the next day after Japanese carmakers Honda and Nissan reported better-than-expected profits and China's central bank reassured investors it will maintain a moderately loose monetary policy to support domestic economic growth.
The local market managed to bounce back strongly ahead of the weekend, as buyers were reassured by strong overnight gains on Wall Street, encouraged by better-than-expected earnings from more blue-chip companies and lower reading on weekly jobless claims.
The daily slow stochastics indicator for the FBM KLCI dipped below the overbought region after last week's profit-taking correction (Chart 1), but the weekly indicator extended higher into the overbought zone following the previous week's buy signal. The 14-day Relative Strength Index (RSI) re-hooked upwards due to last Friday's sharp rise for a less overbought reading of 77.69, but the 14-week RSI extended higher for a reading of 75.47.
Meanwhile, the daily and weekly Moving Average Convergence Divergence (MACD) trend indicators continued their upward expansion to suggest uptrend continuation. The 14-day Directional Movement Index (DMI) trend indicator is in bullish trending mode for a second week, with the reading on the ADX line now at a robust level of 43.72.
Conclusion
While daily and weekly technical momentum indicators for the FBM KLCI are flashing increasingly overbought signals last week, trend indicators signal stronger uptrend ahead. Note, however, that overbought conditions could persist if buying momentum improves towards the 1.5 billion-to 2-billion share mark, and if Asian stock markets extend their breakout rallies on more evidence of economic recovery for the second half of the year.
For technical picks, investors should look for buying opportunities in blue chips such as Genting, Genting Malaysia, IOI Corp, Sime Darby and Tenaga, but should lean towards selling on rally AirAsia and banking stocks AMMB, BCHB, and Public Bank given the increasingly overbought technical condition.
Maintain Buy-on-Dip call on oil & gas related stocks Dialog, Kencana, Petra Perdana, SapuraCrest and Scomi Group given the upside resilience in crude oil prices which bounced back from a sharp correction and are likely to re-test the US$70 a barrel resistance level in the near term.
As for the FBM KLCI, watch for the July 1 2008 pivot high of 1,188 to act as immediate resistance this week. A decisive breakout will see the 1,200 psychological resistance being challenged, with next upside hurdle expected at 1,220. On the downside, immediate cushion is anticipated at 1,156, with stronger support platforms at 1,140 and 1,120.
The subject expressed above is based purely on technical analysis and opinions of the writer. It is not a solicitation to buy or sell. |
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Jel dah seminggu dah demam..
tak sembuh sembuh lagi..
may be H1N1....
doakan beliau cepat sembuh.. |
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2728# kirawang
market expected to reach 1200 pts sooner or later...then musti ada correction...nak diam2 atau siapkan borang switching ni |
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2729# kirawang
semoga Jel dah segar bugar dan dapat datang besok, jgn lupa I punyer Seoul punya souvenir Jel |
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Malaysian stocks overvalued: OSK
Malaysian stocks, trading near a one- year high, face the risk of an “Edwardian Summer” that may end with a “crash” as shares are overvalued amid shrinking earnings, according to OSK Research Sdn Bhd.
“As with any Edwardian Summer, the longer it lasts, the more out of touch it gets with its fundamentals, and the greater the crash at the end,” OSK said in a report today. “The market is definitely overvalued.”
Investors should sell “into strength” and buy selected shares such as property developer Malaysian Resources Corp and Top Glove Corp, the world’s largest rubber glove maker, OSK said. It removed Public Bank Bhd from its top five picks.
Top Glove, the world’s biggest rubber-glove maker, gained 4.8 per cent to RM7.23 at midday, set for the largest increase since July 7.
The benchmark FTSE Bursa Malaysia KLCI Index rose 9.3 per cent last month, the steepest increase since April. The measure has risen 34 per cent this year, as the government’ stimulus plans and a RM10 billion fund set up to invest in publicly traded companies helped buoy the market.
Prime Minister Datuk Seri Najib Tun Razak, who took office on April 3, has announced stimulus plans valued at RM67 billion to revive economic growth.
OSK likened the market’s outlook to the “Edwardian Summer” in the UK during the reign of King Edward VII from 1901 to 1910. The Edwardian era was regarded as a romantic golden age of long summer afternoons, garden parties and big hats immediately prior to the First World War.
The stock index is trading above 17 times 2009 earnings, higher than the average of 15 times since 2000, OSK said. Companies in the index were trading at 15.5 times in 2006 and 2007 when earnings growth was averaging 30 per cent growth, it said.
With earnings set to shrink in 2009 and grow at only 12 per cent in 2010, the current price to earnings multiple is “excessive,” it said. -- Bloomberg |
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[img][/img]
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Global economy back on track next year
By VANMALA SUBRAMANIAM
Expert: Rates and unemployment will, however, remain high for some time
KUALA LUMPUR: The global economy is expected to be back on track by early next year, said former World Bank economist and bond market expert Ismail Dalla.
“The world economy is in a recovery mode,” he said, adding that his outlook analysis was based primarily on the World Bank’s latest forecast for a positive growth of 2.8% in the world economy by the last quarter of 2010.
But he cautioned that “despite some signs of recovery due largely to the amount of money being pumped into the US economy, interest rates will remain low and unemployment will remain high for some time to come.”
Dalla was speaking at public lecture organized by University Putra Malaysia titled Malaysian Fixed-Income Markets in the Context of Global Bond Markets here yesterday.
Commenting on the development of the domestic bond market, Dalla, now a visiting professor at the School of Business, George Washington University in the US, noted that Malaysia had the largest corporate bond market as a percentage of gross domestic product (GDP) in the world last year, surpassing that of the US and South Korea.
He also applauded Malaysia’s efforts in developing a healthy and robust local currency bond market and the recent proposal to create a private pension fund as an alternative to the Employees Provision Fund (EPF).
“This new private pension scheme is good news. The current EPF scheme reduces disposable income, limiting an individual’s ability to invest in the bond market,” said the author of The Korean Bond Market – Post-Asian Crisis and Beyond.
The Government recently announced that Malaysia would set up a private pension fund by the middle of 2010, aimed at those who remain outside any formal pension system.
According to Dalla, prospects for emerging market debt remain excellent as the asset class had performed much better than high yielding US bonds amid the global financial crisis.
With the increased availability of risk management tools, local currency bond markets had the potential and room to grow in depth and sophistication, he said.
The challenge was for market regulators to be proactive and avoid excessive counter-productive innovation and risk-taking, Dalla said. |
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2728# kirawang
market expected to reach 1200 pts sooner or later...then musti ada correction...nak diam2 atau siapkan borang switching ni
tam99 Post at 3-8-2009 12:59 
nak switch kemana mu tam.... |
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In order to make the best use of your time, in order to do twice as much in half the time, you must take time for "I" and "me." You must make time to recharge and be rejuvenated.
~Amy Jones
ari ni nak gi KLCC..
tengok awekkss.. he he
tam, mu nak ikut tak? |
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Amanah Saham 1Malaysia open for subscription
Published: 2009/08/05
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The Amanah Saham 1Malaysia (AS 1Malaysia) unit trust starts selling today.
Malaysians aged 18 and above may subscribe for the units at RM1 each at Amanah Saham Nasional Bhd offices that provide a full range of services as well as the more than 1,600 agents, including Malayan Banking, CIMB Bank, RHB Bank and Pos Malaysia, nationwide.
The fund, with an approved fund size of RM10 billion, will be managed by state-owned investment fund manager Permodalan Nasional Bhd.
The public can invest in at least 100 units. First-year students in public universities will each be given 100 units free.
There will be no maximum limit for investors. However, for 30 days from today, there will be a maximum investment limit of 50,000 units.
During this period, Malaysians aged 55 and above will get a special offer: they can buy as much as 100,000 units each. |
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2736# cmf_LAT
tengok awek...repot kan,,,,,,,hee..he,, |
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World may witness W-shaped recovery
By Chong Pooi Koon Published: 2009/08/06
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Nobel laureate Paul Krugman says a double-dip in the global economy is a 'real possibility' if weak labour markets continue to act as a drag
Nobel prize-winning economist Paul Krugman says a double-dip in the global economy, or a second leg to the downturn, is a "real possibility", meaning that the world may go through a W-shaped recovery.
"That's a real possibility. Some of the support measures, especially fiscal stimulus, will reach their peak later this year, and then recede," Krugman told Business Times in an e-mail interview.
"If weak labour markets continue to act as a drag, a W-shaped recovery is quite possible."
A professor at Princeton University and a New York Times Op-Ed page columnist, Krugman won the Nobel economics prize last year for his works in trade patterns.
A double-dip recession happens when gross domestic product (GDP) growth slides back to negative after a quarter or two of positive growth.
Krugman said he does not foresee a sharp rise in global inflation, even as governments worldwide are pumping in hundreds of billion dollars to counter the impact of the worst global recession in decades.
"No, just no. The stimulus plans may look large by historical standards, but they're not enough to close the output gap, so they are not inflationary," he said.
"Monetary tightening won't happen, I hope, until the gap starts to close, which probably is at least a year away."
The output gap is the difference between potential GDP and the actual growth in the economy. Many expected the world economy to grow at a rate below its potential in the next couple of years in a slow recovery.
Krugman will be speaking at the World Capital Markets Symposium in Kuala Lumpur next week. He will also join a panel discussion on reshaping the world economy at the same conference on Monday.
He believes that the emerging economies of Brazil, Russia, India and China, commonly known by the acronym BRIC, will "probably" overtake the Group of Seven in terms of output. But this will not happen anytime soon.
"They have a lot more people, and productivity is converging (with the advanced economies)," Krugman remarked.
"But I think we're 20 or more years from the point where China overtakes the US, and more before the emerging markets surpass the West as a whole."
A new international reserve currency may also emerge "someday" to supplant the US dollar, but "not soon". |
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tengok, non bumi menabung...dah lah unit trust mereka conquer..PNB funds pon nanti mereka yg control...
5.30am queue for AS 1Malaysia units
KUALA LUMPUR: Amanah Saham 1Malaysia (AS 1Malaysia) went on sale nationwide yesterday.
At the Permodalan Nasional Bhd headquarters in Jalan Tun Razak here, people started to queue up as early as 5.30am to buy the units, said security guard Abd Malik.
However, by 11am, the crowd had thinned considerably.
Counter staff described public response as much less compared with last month when a bigger crowd turned out to buy the remaining Amanah Saham Malaysia (ASM) units.
Eager investors:The crowd lining up to buy AS IM units at the Kuala Lumpur Post Office.
Things were different in George Town where the crowd waiting to buy the AS 1Malaysia units at ASN branch offices and agents kept growing bigger as the day progressed.
By noon, the queues at several banks and post offices had spilled onto the roadside.
Hawker A.S. Thang, 42, who queued up at 8.30am outside Maybank in Union Street, said he only managed to buy the units in the afternoon.
“I was only able to buy the shares after lunchtime,” said Thang, who bought 2,500 units.
EM Technology consultant Soo Lee Choo said he invested RM100,000.
“This investment is good for Malaysians as it cuts across racial boundaries and is non-partisan. Investors need not worry about risks as it is backed by a stable government,” he added.
The operating hours of Pos Malaysia outlets are 8.30am to 5pm in the peninsula and from 8am to 4.30pm in Sabah and Sarawak.
The RM10bil AS 1Malaysia, an equity income fund, is open to Malaysians aged 18 and above.
The minimum initial investment is 100 units and the minimum additional investment is one unit. The price of one unit is RM1.
Units are available for subscription at all ASNB branch offices and agents, including Maybank, CIMB Bank and RHB Bank.
This is the first time the allocation of shares is open to all Malaysians on a quota basis whereby 50% of the shares are allocated for bumiputras, 30% for Chinese, 15% Indians and the remaining 5% to other groups.
The subscription for the units is fixed for 30 days until Sept 3. After that, the unsold units will be open to all races |
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Category: Belia & Informasi
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Post time 31-7-2009 12:32 AM
Author
