Bursa Malaysia Stock Market Analysis Digest

Trading Buy – PMetal

2012-01-18T10:39:00.001+08:00

Press Metal Bhd (stock code 8869) – Industrial Products – RM2.01. Press Metal daily chart (click to enlarge): Chart wise: After lingering at its RM1.73 level for the past month, Press Metal’s candle attempted to break out of its triangle formation and breached the RM2.00 level on Tuesday. As a result, its’ stochastic and RSI strengthened. The lagging MACD, meanwhile, has just crossed the

Accumulate (technical) Hapseng - Maybank

2012-01-12T11:05:00.001+08:00

HAPSENG – RM 1.63 Stock Code 3034 Hap Seng Consolidated Berhad (HAPSENG) operates oil palm and cocoa plantations, trades heavy equipment and motor vehicles, fabricates and sells commercial trailers and tankers, provides leasing and money lending services, and manufactures agricultural fertilisers, agro-chemicals, building materials and plantation supplies. below: Hapseng Dail Chart (click

Trading Buy – Eng Tecknologi

2012-01-09T05:33:00.001+08:00

Current Stock Review – Eng Teknologi Holdings Bhd (stock code 8826)–Technology sector –RM1.69. Above: Eng Teknologi daily chart (click to enlarge) Chart wise EngTeknologi’s share price is forming a double bottom,having found its support at RM1.43 that repelled two selling waves. It had also broken through the overhead resistance line while its technical indicators are on the

Bursa Malaysia Stocks Unwinding

2012-01-04T07:25:00.001+08:00

Investment Strategy Defensive: In vogue Expect KLCI to see downside in 1H12 on slower grow th and risk aversion. Seek shelter in Telecom, NFO stocks and REITs. Specific opportunities in bustling construction and oil & gas sectors. Trader’s Spectrum – From the Chartroom What a turbulent year for global equities it has been. And the worst is probably not over yet as we enter 2012

UEMLAND - Technical Buy?

2011-12-21T17:00:00.001+08:00

UEM Land Holdings (stock code 5148) – RM2.28. UEM Land’s candles have oscillated within the RM2.10 and RM2.30 level for the past week, but made a breakout yesterday, which has been its major resistance over the past month. Expectedly,its indicators are on the climb and are looking to strengthen further, despite the stochastic nearing the upper limit line. Below: UEMLAND Technical Daily

VS RM1.53 - Technical buy

2011-12-19T16:07:00.001+08:00

V.S Industry (stock cde 6963) Industrial Products – RM1.53. Chart wise: V.S Industry’s candles have been on the rising trend over the past two months and after hovering at around the RM1.40 level of the past month, the candle penetrated the RM1.45 level last week. This is pulling its core indicators up with both the RSI and stochastic still strengthening. The MACD is also

Telekom Malaysia –Technical Buy

2011-12-13T14:44:00.001+08:00

Telekom Malaysia stock code 4863)– Trading/Services – RM4.55. Telekom Malaysia was a trading buy last month when the candle broke out of the uptrend channelat RM4.30 and the candles made a decisive breach before undergoing a brief consolidation period. Thereafter, the candles resumed its strong climb over the past few sessions to settle at RM4.55 yesterday. TM Technical Daily chart: :

ORIENT – Short Term Buy?

2011-12-12T15:06:00.001+08:00

SHORT-TERM BUY (TECHNICAL) on dips for ORIENT (stock code 4006), with stop-loss at RM4.48. ORIENT reached a significant major weekly Wave 4 low at RM4.30 in late November 2011 with grossly oversold and bullish chart signals. Due to most of its positive indicators, it is likely to surge to its obvious upside Wave 3 and 5 targets (of RM5.17 and RM5.42) and resistance levels above.

Accumulate Tradewinds (TWSPLNT)

2011-12-05T11:53:00.001+08:00

TWSPLNT stock code 6327 Tradewinds Plantation Berhad (TWSPLNT) is an investment holding company. The company, through its subsidiaries, cultivates oil palm, rubber, and animal husbandry, processes palm oil and kernel, and provides landscaping consultancy, design, and contract works. TWSPLNT reached a significant major Wave 4 low at RM2.65 on 8 August 2011 with grossly oversold

Technical Trading Buy – JCY

2011-11-30T11:04:00.001+08:00

JCY International (KLSE Stock Code 5161) – Technology – RM0.76. above: JVC International Daily Technical Chart (click to enlarge) Chart wise: Trending along an up-trend, JCY is riding on a bullish momentum accompanied by a rising MACD and RSI that has been staying above the 50-point neutral line. JCY, is a company that manufactures Hard Disk Drive (HDD) mechanical components. Although

FBM KLCi Weekly Technical Analysis Nov 2011

2011-11-29T13:44:00.001+08:00

Global investors may SELL OFF as RISKS are OFF! - FBM KLCI – High of 1,597.08. Low of 1,310.53. Rebound stalled at 1,493.28. - CPO Futures – Bear market rebound stalled at RM3,270. - DJIA – High at 12,876.00. Low of 10,404.49. Stalled rebound at 12,284.31. - TENAGA – A weaker trend for this stock. Revisit of RM4.89 & lower. FBM KLCI Weekly Chart Support: 1,380 to 1,424

Malaysia High Dividend Yield Stocks To Look For

2011-11-23T10:37:00.001+08:00

There is a case for investing in high dividend yield stocks, with Malaysian economic growth expected to moderate over the next six months, domestic interest rates which are flattish with a downward bias, and a range-bound equity market. We provide a list of stocks which offer dividend yields better than current fixed deposit rates, relatively stable businesses and low correlation to the FBMKLCI

FBM KLCI – Weekly Elliot Wave Technical Analysis

2011-11-21T09:45:00.001+08:00

Bursa Malaysia Equity markets lose shine, downside risks emerges FBM KLCI – High of 1,597.08. Low of 1,310.53. Rebound stalled at 1,493.28. Support: 1,403 to 1,452 Resistance: 1,454 to 1,494 FBM KLCI Weekly Elliot Wave Chart Strategy: The FBM KLCI fell 14.35-points and closed at 1,454.40 last Friday. The local market remained lack luster and blue chip shares fell on foreign

FBM KLCI Technical Analysis – Downside Volatility Will Emerge

2011-11-18T10:41:00.001+08:00

FBM KLCI Daily Chart - Trade with a short-term time frame locally The FBM KLCI declined by 11.37-points to close at 1,465.47 yesterday. Stocks that led the index down were CIMB, IOICORP, GENTING, BAT and TENAGA. Technical Viewpoint: The FBM KLCI’s key swings are 936.63 (Wave 4A high) and 836.51 (Wave 4B low). An “A-B-C”-correction unfolded and we made a “Flat” Wave 5-move that stalled at

Technical Buy – BUMI ARMADA

2011-11-17T09:46:00.001+08:00

Bumi Armada stock code 5210 RM3.99 Chart wise (based on technical analysis) Bumi Armada’s candles have largely been on the downtrend since its’ re-listing and appeared to have bottomed out at RM3.24. It rebounded from the base and is currently recovering. Its daily RSI is surging ahead accompanied by slightly bullish MACD and stochastic. It had also broken through its RM3.90

Malaysia Banking Sector Analysis Update

2011-11-01T13:14:00.001+08:00

Sep 2011 statistics: Loans growth may peak soon While YTD annualized loans growth inched up 24bps m-o-m to 13.4%, loans applications have fallen for 3 consecutive months, which suggests loans growth may be peaking soon. On a brighter note, average lending rate spread is showing some stability indicating margin compression may have bottomed out. Maintain NEUTRAL on the banking sector as

Media Prima Technical Buy

2011-10-31T13:09:00.001+08:00

Trading Buy – Media Prima Bhd Technical Analysis Chart Media Prima Bhd (4502) – Trading/Services – RM2.55. Media’s candles have continued to rise, tracing an uptrend line and climbing above the RM2.50 levels. Its core momentum indicators are already above their respective upper limit lines, but with no signs of weakness as yet, the uptrend is likely to prolong. The MACD is also

Impact To Genting Malaysia

2011-10-30T23:13:00.001+08:00

Genting Malaysia Hold (Share price: RM3.75 Target price: RM3.72) Acquiring two companies from GENS Business rationalisation. We do not expect Genting Malaysia’s (GENM) proposal to acquire two companies from subsidiaries of its sister company, Genting Singapore (GENS SP; Buy; TP: SGD2.06) for RM50m to negatively impact its share price being a business rationalisation decision.

Eng Teknologi Technical Analysis

2011-10-29T12:33:00.001+08:00

Trading Buy – Eng Teknologi Bhd (RM1.48) Bursa Malaysia Stock Code 8826 Eng Tek‘s share prices dipped sharply over the past week after the company operation was affected by the Thailand flood. The daily candle broke through the RM1.60 strong support and hasrebounded after hitting a low of RM1.43. The stochastic oscillators are oversold, as with the RSI indicator. The MACD remains

MHB Technical Chart - Watch For Trading Opportunity

2011-10-24T09:13:00.001+08:00

Chart wise: MHB Bhd (stock code 5186) Sector trading/Services – RM5.89. Currently, MHB is testing the upper limits of its trading band. A breakout on the upside will pave the way for more gains, but failure to do so will push the price back into the slightly declining trading band. The immediate support is at RM5.50, a price level it must hold in order to sustain a base to successfully

Malaysia Selection of Stocks Outlook

2011-10-20T10:22:00.002+08:00

Malaysia Stock picks (with target price) by ECMLibraEconomy - 2Q11 GDP growth of 4.0% y-o-y shows economy in bottoming process 2Q11 growth dented by weaker external demand and Japan supply disruption Turnaround expected in 2H11, though susceptible to external conditions Inflation - Likely to have peaked in Jul at 3.4% and has declined to 3.3% in Aug Currency - USD weakness and import

Buy Gamuda?

2011-10-19T09:10:00.001+08:00

Gamuda Bhd (stock code 5398) – Construction – RM3.19 Gamuda’s candles have largely been on the downtrend for the past few months and recently appeared to have bottomed out. It rebounded from a base at RM2.63 and is currently recovering. Its daily RSI is surging ahead accompanied by bullish MACD and stochastic. It had also broken through its RM3.00 resistance, which currently acts as its

KWANTAS Trading Buy

2011-10-10T06:58:00.001+08:00

Trading Buy – KWANTAS Corporation Bhd Stock Code 6572 Chart wise: Kwantas Corporation Bhd (6572) – Plantations – RM1.91. above : Kwantas Daily Technical Chart (click to enlarge) Kwantas’s candles have followed market trend by staging a strong runup yesterday to test the upper line on flag formation still inside the flag formation. In the process it also breached the short-term and

Alliance Financial Group Target Price RM4.30

2011-10-05T07:47:00.001+08:00

Alliance Financial Group BUY RM3.30 Price Target : 12-Month RM 4.30 Bloomberg: AFG MK • Building up SME franchise while leveraging on deposit strength. • Non-interest income traction to drive ROE. • Attractive valuations coupled with strong earnings visibility.

FBM KLCI technical indicator : how's the rebound?

2011-09-28T06:54:00.001+08:00

TECHNICAL INDICATIONS FM KLCI Support : 1320 Resistance : 1377, 1400 Bias : Downtrend Yesterday’s rebound had effectively filled the gap at 1,357-1,365 levels beautifully. Despite the rebound, the index is still trading within the down trending channel and below the 5-day and 10 day moving averages. Hence, the technical outlook is frail with the indicators still