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KLCI touches highest point this year; close to six months high
KUALALUMPUR: The Kuala Lumpur Composite Index closed at 20.65 points higher,or 2.3%, at 938.54 before the mid-day break at 12.30pm, which is thehighest level this year and close to its six-month high of 949.9 on Oct15, 2008. Gains were also in line with regional bourses as sentimentwas bolstered by better performance in Wall Street’s overnight trading.Several markets including Hong Kong, India and Indonesia are closedtoday for Good Friday while Thailand declared a public holidayfollowing heavy demonstrations on the streets of Bangkok.
At12.52pm, crude palm oil (CPO) for June delivery was down RM19 per tonneat 2,250. Plantation stocks, nonetheless, were trading higher today,led by heavyweights IOI Corp Bhd (IOIC), PPB Group Bhd and Sime DarbyBhd.
IOIC rose 12 sen to RM4.32, PPB gained 15 sen to RM10 while Sime Darby added 25 sen to RM6.35.
TenagaNasional Bhd, one of the top gainers, jumped 45 sen to RM6.55. Majorbanking stocks like Bumiputra-Commerce Holdings Bhd (BCHB), Public BankBhd (PBBank) and Malayan Banking Bhd (Maybank) also attracted somebuying interests.
BCHB increased 20 sen to RM7.70, PBBankimproved by 15 sen to RM8.05 while its foreign shares gained 25 sen toRM8.10. Maybank was up 8 sen at RM3.96 and its rights shares(Maybank-OR) added 4 sen to RM1.04.
“Given that some bourses areclosed today, the interest could have shifted to Malaysia. The gainsare also in line with regional and Wall Street’s performance,” said OSKInvestment Bank head of research Chris Eng.
A brokerage, in areport today, said the liquidity-driven rally “may not have legs tolast” as improvement in the wider economy was still lacking.
“TheU.S. lost 663,000 jobs last month and the unemployment rate jumped to8.5%, the highest level since 1983. As such, investors should look tosell on this rally and look for cheaper re-entry opportunities in thethird quarter, as Malaysia is not cheap compared to regional peers,” itadded. |
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Jom kita recap apa Sis bentangkan semalam. Baru balik dr apptmt, mkt dah pun break 930.
===============
In the immediate term, the index may try to take out the last high of 926pts before
retreating. But over the next 1-2 weeks, we expect the index to at least pull back
towards the 50-61.8% Fibonacci retracement (FR) of this uptrend, which is between
870 and 881pts.
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My friend, Martin Wong's(Bill Wermine's partner) update on the mkt at 2:53pm.
2:53 pm - KLCI break on the upside with lower volume !
That's the concern ! However, DJIA is closed tonite and on Monday for Good Fri and Easter Holidays. |
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dah bleh buat switching ni... kalau dia jatuh balik sampai 880 pts, kita switch balik masuk equity...
tak gitu boss?  |
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Originally posted by whomyd at 10-4-2009 17:34 
dah bleh buat switching ni... kalau dia jatuh balik sampai 880 pts, kita switch balik masuk equity...
tak gitu boss?
Dah baleh sangat dah....
sekarang ni...
Dah bijak.....
Tak sia sia, discipline sekarang.....
[ Last edited by kirawang at 10-4-2009 18:06 ] |
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Tercapai juga target 941 hari ini...
market Hang seng ...sama dengan semalam...kenapa......?
kerana kawan kawan amran sambut Good Friday....
(maksud kawan amran, geng sabah, U all jangan misunderstanding yee..(amran pon tak kisah).dah phobia siket dah nak bergurau senda dengan U all)
[ Last edited by kirawang at 10-4-2009 18:08 ] |
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Meriah hari ni kat sini yee...
ramai yang ada..
kan best kalau gini selalu....sky ada, whomyd, ahmad79, dll...Tam99 je yang busy sokmo..
tadi berpeluh peluh baju pi submit naik LRT..
Sambil buat sales, sambil analisis bersama, marah dlm gurau2 siket bersama...
Yang penting kita happy,,,,,
Dan bila our mood happy , kerja akan happy, sales akan happy dan duit pon jadi ahppy..
so semua happylah.................
tp,,saya je kureng happy...
dgn management 2-3 hari ni..
kalu ikut kan, fikir nagative, transfer sales kat competitors siket, MAA ke..
Btw, sekarang ni boleh lagi berpositive..
apa yang berlaku ada rahmat...
macam dulu dulu.........
[ Last edited by kirawang at 10-4-2009 18:47 ] |
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Tengok muka muka yang excellent ni,,,semuanya happy..
Btw, untuk personal sales atas usaha saya sendiri, tapi group sales, atas usahasama saya dan U all semua...
Kita sebagai 1 team...
Terimakasih semua...............
cuba tengok gambar Amelia..tahun ni Adi bagi laluan kat amelia kot...
Dah bosang tu...
adam pon sama....
nak rileks lak, agaknya...
[ Last edited by kirawang at 10-4-2009 18:05 ] |
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woww...naik lebih 2 % tu...
| 10/4/2009 | Public Islamic Equity Fund | PIEF | 0.2626 | 0.0057 | 2.22% |
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| 10/4/2009 | Public Islamic Dividend Fund | PIDF | 0.2548 | 0.0050 | 2.00% |
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MMg betul apa yang kucakap tadi,...
Apa yang berlaku ada rahmat.........
so, tak boleh nak tension lagi..
alhamdulilah....naik 2% tu..
[ Last edited by kirawang at 10-4-2009 20:19 ] |
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Originally posted by kirawang at 10-4-2009 17:55 
Meriah hari ni kat sini yee...
ramai yang ada..
kan best kalau gini selalu....sky ada, whomyd, ahmad79, dll...Tam99 je yang busy sokmo..
tadi berpeluh peluh baju pi submit naik LRT..
Sa ...
jangan runsing boss, I.Allah kita semua akan ceria lagi, bukan sahaja di forum ini aja malah kat luar pun sama, macam yg boss kata tu, semua ni ada rahmatnya tersendiri, Allah tidak akan lakukan sesuatu itu sia-sia. |
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tazkiroh malam2 asyik bz tengok saham jer.....
Dalam kita melangkah terkadang di uji dengan ujian yang terasa berat hingga kita terduduk & menangis. Peritnya terasa...tapi ketahuilah & renungilah kembali ke dalam diri kerana mungkin air mata tika itu hadir kerana DIA mahu kita menjahit kembali sejadah Iman yang kian terkoyak lantaran ada langkah2 yang tersasar dari keikhlasan. Semoga ketabahan & ketetapan Iman yang diberikan..... |
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Originally posted by ahmad79 at 10-4-2009 21:40
jangan runsing boss, I.Allah kita semua akan ceria lagi, bukan sahaja di forum ini aja malah kat luar pun sama, macam yg boss kata tu, semua ni ada rahmatnya tersendiri, Allah tidak akan laku ...
kan bagus macam ni...
Lagi satu, mu tak boleh sedih dan marah marah...mu kan bakal dapat baby very soon...
kena tenang je... |
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Public Mutual upbeat on KL stocks
MALAYSIAN fund manager Public Mutual expects gains in Malaysian equities following the government’s massive pump-priming and the central bank furiously cutting interest rates to boost growth.
Public Mutual, the country’s largest private fund management firm by assets, sees buying opportunities in banks, consumer staples as well as cyclical stocks that tend to move up first when the economy recovers, said its CEO Yeoh Kim Hong.
“The local equity market is currently supported by below-trend valuations, easing inflationary pressures, expansionary fiscal and monetary policy,” said Yeoh, who helps manage RM23 billion (US$6.4 billion) at the firm.
Malaysia’s benchmark stock index is trading at a price-to-earnings multiple of 15.6, a discount to its 9-year average of 16.6, she said.
The Southeast Asian market also offers a gross dividend yield of about 5.0 per cent, higher than its 9-year average of 3.4 per cent, she said.
“Stocks that we see value emerging include financials, consumer and cyclical sectors as well as selected stocks in the manufacturing and infrastructure sectors which have been de-rated by investors during the recent market consolidation,” Yeoh said in an email interview.
Malaysia launched a second stimulus package worth RM60 billion (US$16.54 billion) in March to help the economy as the country heads for its first recession in more than a decade.
The central bank’s overnight policy rate is now at a record low of 2 per cent, compared to 3.5 per cent six months ago.
The economic stimulus package, among the largest in Asia, would “provide a positive impetus for construction and building material stocks,” said Yeoh. She declined to name her stock picks.
Malaysian financials, such as top lender Maybank and fourth-ranked RHB Capital have taken a beating this year due to concerns banks’ earnings would fall sharply due to rising bad debt charges given a worsening economic outlook.
Public Equity Fund, one of the 67 funds managed by the company, posted a 23 per cent drop in total return over the past one year versus the 25 per cent fall in the KLCI index, according to the fund company.
Malaysia’s key market index has fallen about 40 per cent from its record high of 1,524.7 points struck in January 2008.
Singapore’s main index has slid roughly 45 per cent in the same period.
The KLCI index has chalked up decent gains over the past two weeks, tracking gains in other Asian stock markets on hopes the worst may be over for the global economy.
Top builders IJM Corp and Gamuda have gained more than one-fifth over the past month, outperforming the wider market’s less than 10 per cent gain. But the two stocks are still down between 50 and 60 per cent from last year’s highs. - Reuters |
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Understanding bond funds
Published: 2009/04/11
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The days for highly leveraged risky hedge fund investments are over! As further turmoil in financial markets unfolds, money seems to be flowing out of risky asset classes into safer ones. Bond funds seem to meet this requirement. This article is aimed at providing insights into bonds and bond funds.
WHAT is a bond?
A bond is a debt security issued by an issuer (otherwise known as the borrower) to raise funds as an alternative to borrowing directly from banks. By "lending" money to bond issuers, buyers of bonds (or bondholders) are paid periodic interest returns called coupon payments.
Similar to loans, which carry fixed tenures, bonds too have fixed maturity dates for bondholders to ge back their principal.
Bond issuers could be domestic or foreign corporations, domestic or foreign state/federal governments and even central banks
What are bond funds?
Bond funds are portfolios which "pool" money from different investors to invest in bond instruments. These funds are established and managed by fund management companies. They invest mainly in government bonds as well as corporate bonds, depending on an established investment guideline.
It would be difficult for individual investors to access the bond market directly as there is a need for minimum standard trading lots.
In Malaysia, this standard trading lot is RM5 million. By "pooling" money from a wide spectrum of investors, bond funds provide avenues for individual investors to invest in such instruments, in smaller amounts.
As at February 28 this year, there were 75 bond funds in Malaysia with a total net asset value (NAV) of RM10 billion. This asset class made up 15.65 per cent of the total unit trust industry with a NAV of RM64 billion.
The different types of bond funds in the market include local currency bond funds, global bond funds, emerging markets bond funds and Asia-Pacific bond funds. Among the different categories of bond funds, local currency bond funds constitute the largest share with 59 funds at a total fund size of RM9 billion as at February 28 2009.
Why invest in bond funds?
Some of the key advantages of investing in bond funds are:
* Professionally managed
Bond funds are managed by professional fund managers who are well-trained and have a proven track record in analysing the interest rate outlook and creditworthiness of bonds. Large bond fund managers usually have in-house economics and credit teams to assess macro outlook and credit standings of the various bonds in the market.
* No fixed maturity date
While individual bonds have fixed maturity dates, open-ended bond funds do not have fixed maturity dates as fund managers constantly rebalance the portfolios. Thus, unlike placements in fixed deposits with fixed maturities, investors need not worry about reinvesting their money.
* Regular income
Most bond funds offer investors regular income distributions derived from the coupon income generated by the underlying bonds in the portfolio. Thus, bond funds give investors a stable, regular income.
* Automatic income reinvestment
Investors who are not in need of regular income could opt for automatic income reinvestment. This option allows income distribution from the bond funds to be reinvested automatically in the fund which gives the investor more units.
* Liquidity
In terms of liquidity, investors are free to redeem units of a bond fund at the current net asset value (NAV) of fund. Bond funds provide liquidity and convenience as investors could buy or sell their units every day. The investors could redeem their units without having to wait for each bond to mature.
* Diversification
Bond funds provide diversification to investors as they invest in a wide spectrum of bonds. For example, AmBond invests in Malaysian Government Securities, corporate bonds, Cagamas bonds/notes and money-market instruments. This reduces the risk of over-exposure to any single bond.
Conclusion: Investors are strongly encouraged to consider bond funds as a feasible investment option due to many advantageous features. As bond funds are generally less volatile compared to funds linked to equities, currencies or hedge funds, this category of funds appeals to those with lower risk tolerance and prefer regular income distribution.
This article is contributed by the Funds Management Division of AmInvestment Bank Group |
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'KLCI rally may last 2 more months'
Published: 2009/04/10
THE rally that pushed Malaysia’s key stock index to a six-month high may last another two months and push the gauge past the 1,000 level for the first time since October, Maybank Investment Bank Bhd. said.
The index is “tracing out a five-legged upward rebound move of the larger scale fourth leg” from a low of 801.27, Lee Cheng Hooi, an analyst at Maybank, said in a report today. “We expect a minimum rise towards 954.19 and 1,008.25 on this Wave 4C move towards its Fibonacci retracement levels.”
The Kuala Lumpur Composite Index rose 2.5 per cent in the past five days to 930.27, the fourth weekly gain, set to cap the longest winning streak since January 11, 2008. Stocks were buoyed by a smooth leadership transition when Datuk Seri Najib Razak became Prime Minister last week. Yesterday, he announced his new Cabinet as he seeks to resurrect support for the ruling coalition.
Maybank raised its technical view to a medium-term “trading buy” from “neutral,” saying political uncertainty has been removed. The index is poised to “punch above” the 936.63 level and gear up for a “slightly longer rebound rally,” Lee added.
While the trading patterns show signs of a “new bull-trend,” it may also lead to a “bull-trap,” he said.
“Enjoy this rally for now but be ready to take most of your money off the table swiftly if we sight foreign funds leaving the country,” Lee said. If the ringgit weakens, “then foreigners are leaving the country.”
Fibonacci analysts use a system pioneered by 13th century mathematician Leonardo Pisano, who discerned ratios from proportions found in nature. The analysis is based on the theory that prices rise or fall by certain percentages after reaching a high or low. Passage through one level is a sign an index will keep moving to the next. - Bloomberg
[ Last edited by kirawang at 11-4-2009 09:59 ] |
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Public Mutual expects gains in Malaysian stocks
Published: 2009/04/11
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MALAYSIAN fund manager Public Mutual Bhd expects gains in Malaysian equities following the government's massive pump-priming and Bank Negara Malaysia furiously cutting interest rates to boost growth.
Public Mutual, the country's largest private fund management firm by assets, sees buying opportunities in banks, consumer staples as well as cyclical stocks that tend to move up first when the economy recovers, said its chief executive officer Yeoh Kim Hong.
"The local equity market is currently supported by below-trend valuations, easing inflationary pressures, expansionary fiscal and monetary policy," said Yeoh, who helps manage RM23 billion at the firm.
Malaysia's benchmark stock index is trading at a price-to-earnings multiple of 15.6, a discount to its its nine-year average of 16.6, she said.
The Southeast Asian market also offers a gross dividend yield of about 5 per cent, higher than its nine-year average of 3.4 per cent.
"Stocks that we see value emerging include financials, consumer and cyclical sectors as well as selected stocks in the manufacturing and infrastructure sectors which have been de-rated by investors during the recent market consolidation," Yeoh said in an email interview.
Malaysia launched a second stimulus package worth RM60 billion in March to help the economy as the country heads for its first recession in more than a decade. Bank Negara's Overnight Policy Rate is now at a record low of 2 per cent, compared with 3.5 per cent six months ago.
The economic stimulus package, among the largest in Asia, would "provide a positive impetus for construction and building material stocks", said Yeoh.
Malaysian financials, such as top lender Maybank, and fourth-ranked RHB Capital have taken a beating this year due to concerns banks' earnings would fall sharply due to rising bad debt charges given a worsening economic outlook.
Public Equity Fund, one of the 67 funds managed by the company, posted a 23 per cent drop in total return over the past one year versus the 25 per cent fall in the Kuala Lumpur Composite Index (KLCI), according to the fund company.
Malaysia's key market index has fallen about 40 per cent from its record high of 1,524.7 points struck in January 2008. Singapore's main index has slid roughly 45 per cent in the same period.
The KLCI index has chalked up decent gains over the past two weeks, tracking gains in other Asian stock markets on hopes the worst may be over for the global economy.
Top builders IJM Corp and Gamuda have gained more than one-fifth over the past month, outperforming the wider market's less than 10 per cent gain. But the two stocks are still down between 50 and 60 per cent from last year's highs. - Reuters |
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Home » frontpage
Mart may rise further if Wall St sustains rally
B
If the Dow Jones can surpass the 8,200 level, and hold it there, then 'we might be taking an increasingly bullish view on the (Malaysian) market', says a research head
The stock market, which rose to its highest in six months yesterday, could move up further if a rally on Wall Street continues next week, analysts said.
Major US companies - including banking giants Goldman Sachs, Citigroup and JP Morgan Chase - are set to report their first quarter earnings next week and this is expected to dictate how Wall Street performs.
Investors worldwide will be keeping a keen watch on the banks' results as it is a gauge of sorts as to whether the crisis-struck financial sector might be on the road to recovery.
Bursa Malaysia and other Asian markets are expected to take their cue from Wall Street.
"If the Dow Jones Industrial Average (DJIA) can surpass the 8,200 level, and hold it there, then we might be taking an increasingly bullish view on the market. Otherwise, it's still very much a bear market rally now and we recommend selling into strength," OSK Research's head Chris Eng said.
The DJIA rose for the third day, adding 3.1 per cent to a two-month high of 8,083.22 on Thursday - breaking the 8,000-point psychological barrier - after Wells Fargo, another US banking giant, projected a record first quarter profit, topping market expectations. (US markets were closed yesterday for Good Friday).
The rally helped boost sentiment in Asia, with all major markets rising. The Kuala Lumpur Composite Index (KLCI) gained 2.6 per cent to 941.38, its highest close since October 15.
It was its third straight day of gains, and many investors are left wondering if this is just a "flash in the pan" or the start of a more sustainable rally.
It is hard to tell for now because economic data still shows mixed signals, said Choo Swee Kee, chief investment officer at TA Investment Management.
"At the moment, sentiment has improved and market momentum seems quite strong, so if the US banks do well next week - we think they may record positive core earnings, barring unexpected write-offs - then the next two weeks could be positive for the local market," he remarked.
Lee Cheng Hooi, head of retail research at Maybank Investment Bank, yesterday raised his technical view to a medium-term "trading buy" from "neutral" as he believes "the market is oversold and is relatively cheap", especially for lower liner stocks.
He sees support for the KLCI at 907 points, with resistance at 963.
OSK's Eng believes there is pent-up demand for small-cap stocks in Malaysia, with investors just waiting for the right time to buy.
He suggested that they wait for the tail-end of the corporate reporting season next month to buy as "the market is still in bear mode now".
Speaking to reporters at the launch of OSK's book highlighting 50 small-cap "jewels", he said its top five buys are QL Resources, Kossan Rubber, KPJ Healthcare, Hektar-REIT and Wah Seong.
Yesterday, some 1.2 billion shares changed hands in the market, the most in 13 months. Gainers thumped losers 554 to 11, with 143 counters unchanged.
The biggest gainers were blue chips Kuala Lumpur Kepong (up 40 sen to RM11.50), Sime Darby and Tenaga Nasional (up 40 sen to RM6.50 each). |
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Betul ni, cabaran hari hari lagi hebat dalam kehidupan kita.....
So, kita kena kuat menempuh cabaran tersebut...
Apa2 cabaran..
kena tangani dengan bijaksana, untuk mengelakan kita tertinggal dibelakang dlm apa jua bidang..
...........................
Sultan Kelantan ingatkan rakyat cabaran lebih hebat
KOTA BAHARU: Sultan Kelantan, Tuanku Ismail Petra Ibni
Almarhum Sultan Yahya Petra, mengingatkan umat Islam bahawa mereka menghadapi pelbagai cabaran dan ujian yang kian hebat sekarang berikutan perbezaan pendapat dan fahaman.
Baginda bertitah, ia berpunca daripada wujudnya perselisihan pendapat antara golongan tertentu tanpa ada penghujungnya sehingga membawa kepada perpecahan yang menyebabkan umat Islam hilang kewibawaan. |
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mcm blh hold dulu aje nak buat switching ni... kalau skrg bull trend, "rugi" buat switching skarang... tunggu la kalau klci blh touch aje 1000, baru nak buat switching... byk blh dpt tu...
tgk minggu depan cemana.... |
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Originally posted by whomyd at 11-4-2009 13:17 
mcm blh hold dulu aje nak buat switching ni... kalau skrg bull trend, "rugi" buat switching skarang... tunggu la kalau klci blh touch aje 1000, baru nak buat switching... byk blh dpt tu...
tgk ...
kenapa ku rasa whomyd yg sekarang nie dah berubah?? dah lain version... |
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Category: Belia & Informasi
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Post time 10-4-2009 03:04 PM
Author
