KLSE Bursa Malaysia stock market : My blog

FBM KLCI Twin Peaks & 2011 Theme

2011-02-07T06:54:00.001+08:00

That was a nasty correction for those who made entries early January. That's probably after seeing the market gave a great 2011 bullish opening ceremony. Well, KLCI has been creating new historic high again and again, the market need a breather once in a while. KLCI corrected after the bearish Twin Peaks (double top) pattern As you have probably expected, the correction was likely to end in

Happy Belated Birthday to FBM KLCI

2010-07-09T15:22:00.001+08:00

Oh, happy belated birthday to FBM KLCI. 6th July 2010 is the first anniversary of the implementation of FBM KLCI (formerly known as KLCI only). If you wasn't there when it started, maybe reading several of my previous articles on FBM KLCI can help you visualize: 1. FTSE Bursa Malaysia KLCI 30 Component Stocks That Made It 2. Last statement by Bursa Malaysia before FTSE BM launched 3.

Banks Are Like A Group of Junkie

2010-06-24T09:34:00.001+08:00

Banks think they are too fat to die. And they are like a group of junkie. Not sure? Watch this 50 second clip: A 50-seconds snippet from Robin Williams' stand up comedy titled: Weapons of Self Destruction junkie - someone who cannot stop taking illegal drugs

Malaysia Latest PN17 Companies List and Talam is No More There

2010-06-22T10:54:00.001+08:00

Talam is NOT PN17 status company anymore. I hope this will inspire other PN17 status companies such as Evermaster, Hop Hup, HSL, Transmile, Ramunia and WWCable to speed up its regularisation plan. Full updated PN17 list below. Talam Corp Bhd will be free from its Practice Note 17 (PN17) status company effective today. The company told Bursa Malaysia Bhd that with the completion of its

Shocking Penang - Restaurant Re-Use Straw

2010-06-11T14:52:00.001+08:00

A penny saved, a penny gained. Following that wisdom, a restaurant outlet in Penang use used straw to gain more penny. GEORGE TOWN: A restaurant here has been caught re-using drinking straws for its customers. Penang Municipal Council officers were horrified when they saw a worker washing the straws during a spot check on eateries in Pulau Tikus on Wednesday. “He told us they were

FBM KLCI and Its 1,300 pt Level

2010-06-07T09:58:00.001+08:00

FBM KLCI is at another junction again. Former 1, 300 pt support level is now the main resistance and KLCI is now very, very close to it. If it can break the resistance then it almost back in business. We can see that in a day or two.`Until that hurdle is overcome strongly, expect more bearish mode. I did say ALMOST back in business because it will not be the same. Whether KLCI can re-enter

Malaysia Financial Analysts Be Aware

2010-05-27T09:04:00.001+08:00

Especially for DIY financial analyst, you should be aware of this when looking at the financial earning reports Jan 2010 onwards. Started with Jan-Mac 2010 quarterly , companies report will be according to FRS 13 accounting standard worldwide. FRS 139 refers to the standard for Financial Instruments: Recognition and Measurement which, according to a Deloitte Malaysia report, has far-reaching

FBM KLCI and 200 Day Simple Moving Average

2010-05-25T15:01:00.001+08:00

FBM KLCI breach its 200 day Simple Moving Average Today, morning session close, FBM KLCI has close below the 200 day Simple Moving Average (see the chart below). . 200 day simple moving average (200-day SMA) is a simple technical analysis tool to determine major trend of the market. Moving average is formed by computing the average price of a security over a specific number of periods. When

KLCI Dim Hope For Early Rebound

2010-05-21T01:09:00.001+08:00

At the time of writing this, DJIA is 276 pt lower (2.66%). The downtrend momentum is increasing. No sign of easing yet. That should make Asia region tremble too. Hope of KLCI early recovery by this week is dimmer and dimmer. It is like when you were watching Malaysia vs China Thomas Cup Semifinal, by the time Malaysia first double was losing, you know Malaysia chance of going to final is very

FBM KLCI Largest Dip Ever

2010-05-20T04:20:00.001+08:00

Yesterday KLCI closed 21.94 point lower (close at 1,308.23 pt), that the largest overnight dip ever for FBM KLCI (since implemented 6th July 2009). Look like Bursa Malaysia at last succumbed to external financial crisis. Looking at the intraday action, my expectation of KLCI recovery by end of the week (my previous blog post) is dimmer. I still expect KLCI to rebound (mild one) especially

FBM KLCI expected better toward end of the week

2010-05-18T11:57:00.001+08:00

After a weak rebound (previous KLCI outlook at here) on 7th May 2010, as expected KLCI couldn't break the resistance at 1.350 pt. Already 2 days backtracking toward the minor support near 1315 pt. but I expect KLCI to get better toward end of the week. As at yesterday and morning session today, there are signs buyers (in a small scale) are coming back. Anyway, the overall sentiment since the

Still Buying Shares? Go for Sport Betting Instead, Malaysia Need More Gambling Addicts.

2010-05-14T11:35:00.001+08:00

Sport Betting must be a really innovative product proposal from Vincent Tan, not even enough time for a call of tender. Combine the excitement of World Cup Football with the adrenaline rush of betting, you get some potent solution. That the business model to emulate.Those hardcore kaki nombor will buy more and more. Those kaki bola who never place a bet before shall be more easily

Malaysia KLCI: a glimpse of hope for minor rebound next week

2010-05-10T01:12:00.001+08:00

Wall Street is still shaken. So are Asia Market. It was a double digit dip for Dow Jones on the last trading day. Greece debt crisis is keep on haunting. Amidst these, I still expect FBM KLCI shall attempt to rebound next week. That was based on last trading day KLCI and FBM100's action. Note that my bleak KLCI longer term outlook on my last blog post still hold. Based on the last trading

KLCI Bearish Ahead : Technical Evidence

2010-05-06T14:03:00.001+08:00

Yesterday, FBM KLCI closed at 1,335 which is very close to its minor support of 1,330. Today (at morning session close) KLCI was close at 1,336 pt (up 1.05 pt) which is seem a weak attempt to maintain within the 1,330 support. The last 3 price bars seem to be pretty bearish to me considering the sideway mode KLCI have been through since early April. The Andrew Pitchfork lower channel line

FBM KLCI Outlook Brief

2010-05-01T07:44:00.001+08:00

See the above chart, the last day bullish bar is a sign FBM KLCI still refuse to halt it rally. Come financial crisis or high water, FBM KLCI will just take a short breather and then begin to resume. That last bar alone is good enough for analysts to change their mind after saying the market will consolidate. FBM KLCI still within the bullish up trend channels (Andrew Pitchfork channels).

This Analysis is Based On Past Data...

2010-04-30T15:57:00.001+08:00

Fundamental Analysis vs Technical Analysis Oh, just like the never ending war in the Middle-East, the war between technical analysis and fundamental/financial analysis believers sill goes on until today. I just can't believe that, they should make love not war. But I want to tell you one thing about these analysts. There all are using past data. Yes, they are all using PAST data to predict

Ringgit Rising is Not helping Bursa Malaysia Equities?

2010-04-28T11:26:00.001+08:00

While the Government allay concerns that the appreciating ringgit will affect Malaysia's competitiveness we are concern about Bursa Malaysia's competitiveness. According to Maybank Investment bank, despite funds flowing back substantially into Asian equities in March (USD4b, vs USD2.7b outflows in February), Malaysia continued to experience a fourth consecutive month of foreign funds outflow

Power to KLSE Minority Shareholders - Why So Baffled?

2010-04-26T09:56:00.001+08:00

Shouldn't give more power to minority shareholders? SC had recently issued a consultative paper which proposed to raise the shareholder approval level in an acquisition via assets and liabilities from the current simple majority to 75% shareholder approval. Some investment bankers and their advisors have vociferously denounced this proposal as it could lead to giving minorities too much power

Bursa Malaysia Biggest IPO for 2010 is Linked with Jews

2010-04-23T16:25:00.010+08:00

If you live in Malaysia, nowadays you just can't escape from Jews-links issues , can you? They said Anwar Ibrahim linked with Jews. They said the Government is linked with Jews via APCO. And now Bursa Malaysia biggest IPO for 2010 is linked with Jews. Yes, the book runners, the coordinator for Masterskill's IPO are CIMB and Goldman Sachs. The founder of Goldman Sachs is Marcus Goldman, a

KLCI and The Goldman Sachs hiccup

2010-04-21T16:54:00.002+08:00

A little of Golman Sachs hiccup and FBM KLCI is still within the trend channel (see Andrew Pitchfork channels in the chart below) and the support zone about 1,310 pt still holds. Yes, KLCI index is still in the overall bullish mode and still hard to say the bears are coming. Again, precisely I am referring to FBM KLCI and how the stocks you are holding are doing are some other stories. But

Goldman Sachs - The Naughty, Naughty Bank

2010-04-19T16:32:00.002+08:00

First, we got the news that Goldman Sachs bribed the senate for a bail out: After that involved in a financial fraud: Could also involved: Is Goldman responsible for Greek crisis? : For Some Investors, Another Reason to Distrust Wall Street The tumult Friday over fraud accusations against Goldman Sachs is likely to add to the deep mistrust among investors that the market

FBM KLCI Brief Analysis

2010-04-12T14:15:00.001+08:00

Again, it's pretty obvious the market (or precisely FBM KLCI) is still bullish. After the recent high breakout on 2nd April 210, signaling the buying force is still there, KLCI only took a 2 day-breather (rebounded today). The volume is great and the index still within a bullish trend lines (see the Andrew Pitchfork channel lines on the chart). Expect it still on bullish mode but watch

Bursa Malaysia Glitch Just In Time

2010-03-30T10:17:00.002+08:00

Today, Bursa Malaysia opened at 9.30 a.m. due to a glitch. Why? Just happened on the right day. Why it didn't happen yesterday or any of the day from last week or last two weeks, but TODAY, the day Invest Malaysia annual conference will be held. I will blame it on Murphy's Law. Bursa Malaysia holds its annual Invest Malaysia conference from March 30 to 31 2010 at Shangri-la Hotel, Kuala

Bursa Malaysia and The Forecasts

2010-03-29T08:15:00.002+08:00

It's pretty obvious (no detail analysis needed) , Bursa Malaysia is still in bullish mood, fueled by positive sentiment in economy, global and locally. The correction was short. Also, it is like there's a need to maintain the KLCI above the crucial psychologically 1,300 point support zone. For now, 1,290 is the support zone to watch for as the warning for any weakness. This week, PM Najib

Ananda Krishnan will re-list Astro by end of 2012?

2010-03-26T13:13:00.007+08:00

How many time he want to do that? Yes, I am talking about taking a company in, out and in again of Bursa Malaysia? Now, Astro is been taken private. Another 'Maxis' in the making? Also, don't forget about Measat. Rumour is, he will do the same to Measat. That is why recently Measat hit 6-year high. Well, you know how offering IPO by getting listed in a stock exchange can make you