Author Topic: Spot KLCI Index  (Read 265277 times)

Online king

  • King
  • ***********
  • Posts: 74,283
Spot KLCI Index
« on: February 03, 2016, 11:19:51 AM »

Bursa foresees another challenging year with volatility
By Danial Idraki / The Edge Financial Daily   | February 3, 2016 : 10:22 AM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
This article first appeared in The Edge Financial Daily, on February 3, 2016.

 

tajudin-bursa_fd_030216
Tajuddin: More clarity will begin to come in two or three months later, since a lot of people are still enjoying the holidays. Photo by Sam Fong

KUALA LUMPUR: Bursa Malaysia Bhd, with its fourth financial quarter ended Dec 31, 2015 (4QFY15) net profit down marginally to RM50.6 million, expects the local stock market to face another challenging year with continued volatility.

Chief executive officer Datuk Tajuddin Atan said he is cautious about the performance for 2016, as factors that adversely affected the economy and market in 2015 are likely to persist.

“More clarity will begin to come in two or three months later, since a lot of people are still enjoying the holidays. The number of trading days is not giving any clarity as to where the market is at this point in time,” Tajuddin told the media during Bursa’s performance review briefing.

For 4QFY15, Bursa’s net profit dropped 4.8% to RM50.6 million, or 9.5 sen a share, from RM53.14 million, or 10 sen a share a year ago. Revenue, however, expanded 5.51% to RM135.56 million from RM128.48 million in 4QFY14.

Bursa’s annual net profit was at RM198.61 million for FY15, a marginal 0.2% increase from RM198.23 million in the previous year. Annual revenue for FY15 grew 2.9% to RM518.9 million, from RM503.76 million in FY14.

The Bursa board of directors has declared a final dividend of 18 sen per share under the single-tier system for FY15.

Tajuddin pointed out that despite market volatility and challenging economic conditions, Bursa has recorded a consistent growth in operating revenue over the past five years from RM381.5 million in FY11 to RM487.7 million in FY12.

Bursa saw its trading revenue from the securities market increase by 2.2% to RM59.8 million from RM58.5 million a year ago. As for the derivatives market, it recorded a revenue of RM24.2 million for the quarter under review, up 14.2% from RM21.2 million in 4QFY14.

Addressing the concerns about foreign sell-offs over the last two years, Tajuddin said that Bursa was not the only exchange affected, and as at Jan 22, the net position for foreigners was a net buy.

“The amount is not really substantial, but there is some form of normality returning to the market,” he said.

Tajuddin explained that when the risk-reward between developed and emerging markets narrows, funds will move out to more advanced market, where risk-reward is slightly better.

Bursa closed unchanged at RM8.40, with 392,400 shares traded, giving it a value of RM4.5 billion

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #1 on: February 06, 2016, 08:53:55 AM »


财经  2016年02月05日
马股涨势封关 羊年跌8%

254
马股涨势封关 羊年跌8%

(吉隆坡5日讯)美国升息及中国经济放缓致使亚洲股市在羊年全线下滑,大马股市在这一年共跌145.51点或8.04%,至1662.46点,在亚洲股市排名第3。

羊年不利股市,由于全球股市在过去一年里面对诸多不利因素的夹击,亚洲股市全军覆没。其中,韩国首尔综合指数的跌势最轻,全年只跌2.23%,至1917.79点;而新加坡海峡时报指数的跌势最严重,猛挫23.65%,至2623.61点。

至于反映大马股市的富时综合指数,过去一年共跌145.51点或8.04%,至1662.46点,在区域股市中跌幅排名第3。

不过,在羊年的最后一个交易日,马股顺利以涨势封关。综合指数今天先衰后盛,早盘以1654.60点开市后,一度下跌至全天最低的1653.68点,但很快便收復失地。

综合指数午盘一度上扬至全天最高的1663.77点,最终以1662.46点掛收,全天涨升5.69点或0.34%。马股全天成交量是14亿8732万股,总值16亿7316万令吉。

胶品股大输家

在马股以上涨行情告別羊年的当儿,胶品股却斯人独憔悴,成为全场大输家。

由于国际油价反弹及国际三方树胶理事会(ITRC)即將出手扶持胶价,可能加剧胶品股的成本压力,致使胶品股接连两天面对沉重卖压。

其中,高產尼品(KOSSAN,7153,主板工业股)股价全天下跌51仙或7.29%,至6.49令吉;康乐公司(KAREX,5247,主板消费股)降跌24仙或6.11%,至3.69令吉;以及顶级手套(TOPGLOV,7113,主板工业股)走低15仙或2.67%,至5.47令吉。

在综指30大成份股方面,羊年表现最耀眼的3只上升股,依序是国油贸易(PETDAG,5681,主板贸服股)、国油化学(PCHEM,5183,主板工业股)和IHH医疗保健集团(IHH,5225,主板贸服股),分別上扬35.03%、29.5%和25.71%。

而3大下跌股则是合顺(UMW,4588,主板消费股)、沙布拉肯查纳石油(SKPETRO,5218,主板贸服股)和大马银行(AMBANK,1015,主板金融股),分別挫跌39.8%、38.13%和32.08%

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #2 on: February 09, 2016, 08:24:04 AM »



Australia down 2.5%, Nikkei down 4% after US, Europe markets sell-off
Saheli Roy Choudhury   | @sahelirc
2 Mins Ago
CNBC.com
5
SHARES
1
COMMENTJoin the Discussion

Kazuhiro Nogi | AFP | Getty Images
Australian and Japanese markets were sharply lower on Tuesday, after another sell-off in U.S. and European stocks overnight.
Nikkei 225, which halted a four-session decline to close up on Monday, dropping as much as 4.18 percent in early trade. Down Under, the ASX 200 fell 2.43 percent in morning trade, weighed by sharp drops in the energy, materials and financials sectors, which were down between 1.44 and 3.14 percent respectively.
Chris Weston, chief market strategist at spreadbetter IG, sounded an ominous note is his morning epistle, noting that traders off work to celebrate the Lunar New Year would be happy their markets were closed.
Many Asian markets remain closed for the Lunar New Year. China and Taiwan are shut for the week, while markets in Hong Kong, Singapore, South Korea, Malaysia and Vietnam are closed shut on Tuesday.
"For those who have traded the overnight move, it almost feels like something big is brewing, similar to 24 August and the quasi-flash crash capitulation move we saw," Weston wrote.
"These markets need a strong shake up and sharp downside move, followed by a wave of buying to settle things down. But until that comes there will be no clarity, absolutely no confidence and a bucket load of concern," he added. "There's concern the volatility will feed through into real economics and central banks will be pretty much powerless to stop it.

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #3 on: February 09, 2016, 10:32:57 AM »

Banks and oil buffet European stocks
AFP
AFP – 11 hours ago
 Share1Tweet
Print
Companies:
Deutsche Bank AgFacebook, Inc.ANADARKO PETROLEUM
RELATED QUOTES
Symbol   Price   Change
DBAGF      0.00

FB   99.75   -4.32
ANDKU   50.47   0.00
BNP.DE   39.48   -2.05
0QP5.L   14.25   -0.75
RELATED CONTENT
 View Photo
 
European stock markets slumped on Monday as investors cashed out of banking shares following recent poor earnings, with worries about over China's economy and falling oil prices also weighing on sentiment.
After a quiet session across Asia owing to the Chinese New Year, European equities plunged, with Madrid, Milan, Paris and Frankfurt all briefly losing more than 3 percent during in afternoon trading.
Frankfurt's DAX even below 9,000 points for the first time since October 2014.
Focus turned to the banking sector after the spotlight having been firmly on commodity stocks in recent weeks owing to slumping oil and metals prices.
But the rout deepened after oil prices also resumed their slide.
Global shares had already tumbled on Friday after US jobs data sparked worries that the Federal Reserve could decide to raise rates again as soon as March.
Concerns linger also over weak growth in the eurozone and emerging-market economies.
"European markets, after initially opening higher, have been led sharply lower by banking shares, a number of which are hitting multi-year lows," said Michael Hewson, chief market analyst at traders CMC Markets UK.
"The disappointing (recent) earnings across the sector from the big US firms to Credit Suisse (LSE: 0QP5.L - news) and Deutsche Bank (Other OTC: DBAGF - news) in Europe alongside the ugly spectre of negative interest rates have seen investors significantly reassess the chance of an earnings turnaround after years of regulatory fines for past misdeeds."
Among the biggest losers Monday were HSBC, whose shares were down 3 percent. Commerzbank (Xetra: CBK100 - news) slumped more than 7 percent and BNP Paribas (Xetra: 887771 - news) gave up over 4 percent.
Meanwhile in Athens, the FTSEB index of financial stocks was down over 20 percent in midday trading.
In addition to the general concerns about the banking sector in the eurozone, investors were worried about another dispute between the government and its EU-IMF creditors like one last year which wiped out the value of bank capital.
Wall Street stocks dropped sharply in opening trade Monday with petroleum-linked shares and technology equities falling hard after another drop in oil prices.
Five minutes into trade, the Dow Jones Industrial Average was down 1.34 percent, the S&P 500 1.45 percent and the Nasdaq Composite Index 1.97 percent.
Amazon dropped 3.4 percent and Facebook (NasdaqGS: FB - news) shed 4.1 percent.
Among petroleum-linked stocks, ConocoPhillips (NYSE: COP - news) fell 3.0 percent, Anadarko Petroleum (Other OTC: ANDKU - news) 6.0 percent and oil-services company Weatherford International 4.9 percent.
In foreign exchange meanwhile, the dollar gave up gains won thanks to an increased chance of another US rate rise this year.
Friday's latest monthly jobs report showed that US hiring eased in January but that the unemployment rate slipped to 4.9 percent and wage growth increased modestly.
Markets were said to be reacting also to weekend news that China?s foreign exchange reserves had fallen to their lowest level in more than three years, as Beijing sells dollars to stop the yuan from depreciating further.
The world?s largest currency hoard shrank by $99.5 billion in January to some $3.2 trillion, the People?s Bank of China (HKSE: 3988-OL.HK - news) said on its website, the lowest since May 2012.
Worries about China's economy, the world's second biggest, have pushed the yuan to a five-year low. The country saw its first-ever annual decline in foreign exchange reserves last year as Beijing tried to prevent a more drastic devaluation.
- Key figures around 1430 GMT -
London - FTSE 100 (NasdaqGS: Z - news) : DOWN 1.8 percent at 5,743.51 points
Frankfurt - DAX 30: DOWN 2.7 percent at 9,038.05
Paris - CAC 40: DOWN 2.5 percent at 4,097.53
EURO STOXX 50: DOWN 2.5 percent at 2,807.39
New York - Dow: DOWN 1.3 percent at 15,990.07
New York - S&P 500: DOWN 1.4 percent at 1,854.15
New York - Nasdaq (NasdaqGS: NDAQ - news) : DOWN 1.7 percent at 4,288.29
Tokyo - Nikkei 225: UP 1.1 percent at 17,004.30 (close)
Euro/dollar: DOWN at $1.1111 from $1.1158 on Friday
Dollar/yen: DOWN at 116.29 yen from 116.86 yen


Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #4 on: February 10, 2016, 07:10:50 AM »


财经  2016年02月09日 | 记者:雷洁敏
猴年开市料迎小涨潮

579
猴年开市料迎小涨潮

马股在羊年面对多项不利的国內外因素衝击,全年大跌145.41点或8.04%,展望即將来临的猴年,市场人士普遍认为,最坏的时机已过去,猴年会更好!

马股在羊年最后一个交易日收报1662.46点,相比马年闭市的1807.87点,跌幅达8.04%。

纵观整个羊年,可谓好坏参半,原油价格暴跌、令吉贬值、国內负面新闻和消费税等因素,导致原本备受看好的油气股大逆转,而出口导向股却从匯率中受惠。

对於股市接下来的走势,肯纳格研究主管陈建尧表示,马股短期展望並不乐观,儘管马股和小型股项短期內会出现技术性反弹,但主要因为马股近期已被「超卖」所致。

抽佣经纪符之源则认为,隨著令吉和油价反弹,猴年股市將出现两极化走势,即备受看好的出口导向股料下滑,而油气股则回弹。

猴年开市料迎小涨潮

针对农历新年开市是否会出现涨潮,符之源和抽佣经纪卢文豪都认为,主要还看外围因素。

符之源则预料,农历新年后出现涨潮的机率不大,除非油价和美国股市上涨,才有可能带动马股走高。

相反,卢文豪则相信,农历新年开市会出现一个技术性反弹的小涨潮,根据过去10年股市情况可见,每到农历新年开市,股市皆有小幅上调的现象。

「农历新年前交投淡静,投资者可能因为农历新年长假到来的关係,暂时握紧现金不愿进场,惟经过1月份的调整后,2月份料呈技术性回弹。」

美息左右股匯

他补充,传统上农历年后会是一个涨势的开始,直到3、4月份,股市都会比较好,而5月又进入回调期。

不过,他也认同,外围因素和国內消费情绪左右马股走势,倘若新年后未出现涨势,也不出奇。

展望猴年,陈建尧认为,美国升息是左右股匯的主要因素,相反,令吉贬值和油价下跌的消息已被市场消化。

他预期,令吉在今年能反弹至4.2令吉兑1美元,而原油价则会回弹至每桶47美元。

深受厄尔尼诺衝击的原棕油价格,预期上涨至每公吨2500令吉至2600令吉之间。

与此同时,符之源和卢文豪皆认为,油价、令吉和美国股市动向,是左右马股的3大因素。

卢文豪认为,在令吉逐渐走稳的趋势中,不排除外资会趁低买进,促使令吉回稳。

符之源预期,令吉在今年將反弹未到4令吉至4.10令吉左右,对以出口为导向的股项仍是有利可图。

他建议,已购买出口导向股项的投资者,可先守住,观察这些股项的表现再做决定套利时机;而尚未买入的投资者则建议暂时不要投资出口导向股。

令吉油价带动

总的来说,令吉和油价回弹是带动马股走势的重要因素。

「最坏的情况已过,相信猴年將比羊年好,尤其是消费税的衝击已反映在马股上。外资在羊年已大幅撤离,今年料將逐步回流。」

整体而言,猴年股市相信会持续波动。

马投行早前在其股市展望讲座上指出,马股在2016年將持续动盪,美元走势、及中国经济放缓將继续影响新兴市场。

该投行也指出,新兴市场已开始呈下行走势,並鼓励投资防御性股票组合,如电迅、公用事业、消费品、房產信託、医疗保健领域等。

上半年推动大马股市的4大关键因素有受第11大马计划和砂州选举提振的建筑领域、令吉、厄尔尼诺和潜在的拉尼娜、及僱员公积金局新伊斯兰教义基金预期在2017年初展开。

长期而言,投资者可加码將从跨太平洋伙伴关係协议(TPPA)和中国一带一路策略中受益的股项。

马投行在文告中指出,由於消费支出和私人投资放缓导致国內需求下降,该投行预测马股年杪目標为1800点,全年的经济成长预测4.5%。

「一旦企业业绩表现良好,市场將隨之改善,而大宗商品价格將逐步回温。

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #5 on: February 10, 2016, 02:15:29 PM »



七年老牛,

夫復何求?

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #6 on: February 11, 2016, 07:04:49 AM »

财经  2016年02月10日 | 记者:王生旺
猴年开市失利 马股急挫

632
猴年开市失利 马股急挫
受到美国隔夜股市及油价暴跌的影响,农历新年长假之后,首日开市的富时综合指数未能延续新年前涨势。(档案照)

(吉隆坡10日讯)送別波动的羊年,猴年第一个交易日仍未出现令人期待的涨势,投资者对火猴年保持观望的態度。受到美国隔夜股市及油价暴跌的影响,农历新年长假之后,首日开市的富时综合指数未能延续新年前涨势,在猴年首个交易日下滑18.05点或1.09%,以1644.41点掛收。

综指週三以全天最高水平1670.93点开盘后,在淡静的交易中节节败退,短短一个小时內,就已经跌至1645.49点的全天最低,下跌近17点,惟之后收窄跌幅,並在1650点上下窄幅波动,最终以1644.41点掛收。

受到非农业数据低於预期的影响,美国股市上週五大跌,而科技股更遭受严重卖压,促使那斯达克指数重挫逾3%。来到本週,全球成长疑虑仍挥之不去,国际金融市场动盪加剧,美股主要指数週一进一步重挫,週二日本股市暴跌近千点,而在农历新年假期的大部份亚洲股市逃过一劫。

油价败退

与此同时,自周一(8日)起,美国西德州轻原油(WTI)及布伦特原油(Brent)也节节败退,前者更跌破每桶30美元价位。不过,周三西德州轻原油及布伦特原油双双收窄跌幅,截至5时正,分別以每桶28.55美元及31.01美元,相比周二闭市价,上涨2.18%及2.28%。

亚股走低

美国股市週二连续第3个交易日下滑,区域股市方面,除了中国、韩国、香港及台湾仍值农历新年假期,尚未开市,其他亚股週三全线走低,包括猴年以来第一天交易的马股及新加坡股市。

当中跌幅最严重的是日本日经指数,暴跌372.05点或2.31%;紧接著是新加坡海峡时报指数及澳洲悉尼普通指数,分別下滑47.01点或1.79%,56.40点或1.17%。

农历新年前最后一周马股表现虽然波动,但在最后两个交易日有不俗的涨势,市场人士原本期待在羊年下跌了8%的马股,猴年可以出现开门红,但事与愿违,投资者对於今年股市表现皆不敢寄予厚望。

年初三一早,《东方財经》到隆市一家股票行巡访投资者,虽然股市今日重开,但仍正值华人农历新年,过节气氛浓厚,所以前往股票行的人潮也比平日更少。接受《东方財经》访问的投资者表示,今日人潮较少,相信是因为许多人仍在庆祝新年。

而他本身今日只是前来观看股价,並和股票行的朋友拜年,他並非为了进场买股而来。



投资者谨慎

针对股市猴年第一个交易日即大跌,他说,过去一年已经习惯股市每况愈下的走势。

投资者表示,即使在新年后,依然会採取谨慎投资策略,主要是本地市场仍未有明显好转。去年至今,本地股市不少股项屡创新低,因此,即使股市下跌,许多人还是不確定是否已经是很好的进场时机。

「许多股项跌新低原以为已见底,但却出乎意料,再进一步跌破心理扶持水平。这说明,目前市况下,要掌握是否已经是趁低吸纳的时机更不容易。」

另外,他也指出,大马股市走势往往都受到海外因素所影响,如美国股市及原油价格等。同时,外资仍未回流至大马股市,所以接下来他还会谨慎投资


Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #7 on: February 12, 2016, 06:57:10 AM »



環球見熊:MSCI全球指數累挫20%
02月12日(五) 05:37   

【on.cc東網專訊】隨着美股連跌5日,MSCI全球指數已由去年高位累挫20%,代表全球股市已進入熊市。有分析指出,因MSCI全球指數跌穿「頭肩頂」頸線,後市量度跌幅恐逾40%,重演2008年走勢。

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #8 on: February 12, 2016, 07:04:27 AM »



财经  2016年02月11日
惠誉:风波闹大引忧虑 一马课题阻嚇外资

(吉隆坡11日讯)国际信贷评级机构惠誉(Fitch)旗下的BMI Research研究机构表示,一马发展公司(1MDB)的债务问题仍將缠绕著大马,并阻嚇外资。

该机构表示,由於一马发展公司的风波越闹越大,因此国际企业在与大马官联公司的合作上会更为谨慎,避免被牵连到贪污的课题中。

「多个国际机构正在对一马发展公司展开调查,滥用公款的数额,以及一些官职人员被牵涉在內,这些都引起外资的关注。」

该机构指出,全球企业在与大马官联机构的合作方面会更为谨慎,因为若涉及贪污丑闻,不但將面对罚款、还將造成名誉损失、流失投资者及客户的风险。

「已经在大马运作的企业,也需確保他们进行的项目有高透明度,并尽量避免接触涉及贪污的活动。」

这项报告是在,一马发展公司分別遭受来自瑞士、新加坡、香港以及美国机构调查的消息之后出炉。

由於涉嫌挪用官联公司多达40亿令吉,因此,瑞士当局已经促请大马给予合作,以对一马发展公司进行调查。

《华尔街日报》去年7月份报道,有多达6亿8100万美元或相等於26亿令吉的资金,从一马发展公司流入首相的银行户头。不过,总检察长指出,这是沙地阿拉伯皇室给予的捐款,因此不会对首相做出提控。

BMI在报告中指出,「一马发展公司的丑闻加剧市场对贪污的忧虑,以及对大马司法独立的关注,从而使得外资对大马的情绪越趋负面。」

这个课题也预期將导致大马在BMI贸易及投资指数中,司法环境类別的评分减低。这项类別是评估一个国家法制情况和政府的透明度。

大马目前在这项指数中的表现优异,满分100中获得75.2分,在35个亚洲国家中排名第5。

「不过,受到贪污课题影响,大马的排名在中期內相信会下滑。而贪污问题也预期將导致外资对大马却步。

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #9 on: February 12, 2016, 08:36:07 AM »



星洲网首頁 > 財經 > 開盤分析
馬股猴年次日開市續走低
2016-02-11 09:49     

 
美國原油供應充裕,國際油價10日再次下跌,紐約油價收盤時下跌1.75%,隔夜美股漲跌不一,道指跌99點;亞股早盤開盤大多走低。馬股猴年第二日持續走低,開盤掛1644.60點,微漲0.19點。
截至早上9時30分,富時綜指掛1641點,跌3.41點;富時創業板指數報5856.92點,漲1.35點;富時全股項指數報11397.82點,滑落14.75點。
上升股124隻,下跌股174隻,全場147隻平盤。早盤總成交量為1億7千509萬7千隻股,值6千987萬3千令吉。
藍籌股方面,馬來亞銀行(MAYBANK,1155,主板金融組)跌1仙至8令吉58仙、國家能源(TENAGA,5347,主板貿服組)則漲6仙至13令吉26仙、大眾銀行(PBBANK,1295,主板金融組)揚4仙至18令吉52仙。(星洲網


點看全文: http://biz.sinchew.com.my/node/131071#ixzz3zuNnAJgr
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #10 on: February 12, 2016, 03:51:39 PM »



Business NewsHome > Business > Business News
Friday, 12 February 2016 | MYT 7:04 AM
What's behind the global stock market selloff?






 A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India, February 11, 2016. REUTERS
A man looks at a screen displaying news of markets update inside the Bombay Stock Exchange (BSE) building in Mumbai, India, February 11, 2016. REUTERS
 
NEW YORK: Global stock markets are on their shakiest footing in years.

Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by concerns about economic growth the effectiveness of central banks' policies.

At the same time, tumbling energy prices are upending the economies of oil-producing countries, further slicing into global economic growth.

Only six weeks ago cheap oil prices were still expected to cushion the global economy, and the Federal Reserve's decision in December to raise interest rates for the first time since the end of the financial crisis in 2008 was widely seen as a vote of confidence in the world's largest economy.

In addition to the fall in U.S. stock markets, major stock indexes worldwide have also been hit hard, despite efforts by the Bank of Japan and the European Central Bank to spur growth through lower interest rates.

Large institutions and sovereign wealth funds, who borrowed in euro and yen, have been selling riskier assets, and are now buying back those currencies, undermining central bank efforts.

With Thursday's decline, the S&P 500 stock index has lost 10.5 percent so far in 2016, its worst start to a year in history, according to Bespoke Investment Group, an investment advisory in Harrison, New York. The 10-year note's yield has fallen to 1.63 percent, its lowest closing level since May 2013.

Here are some of the chief issues weighing on the market now.

WHAT IS THE BIGGEST REASON FOR THE SELLOFF?

The slump in equity prices which began late last year has deepened as banks grapple with negative interest rates in parts of Europe and Japan and the flattening of the U.S. Treasury yield curve.

"One of the new themes in markets is that (quantitative easing) has damaged the banks and that therefore it exacerbates the risk-off environment," said Steve Englander, managing director and global head of G10 FX strategy at Citigroup in New York.   

Negative interest rates on central bank deposits and on government bond yields undermine the traditional ability of banks to profit from the difference between borrowing costs and lending returns. [nL8N15P52Q.]

With a decline of 18 percent on the year, S&P 500 financials are by far the worst performing sector in 2016.

While the Federal Reserve has avoided introducing negative rates on reserves, in Congressional testimony on Thursday, Fed Chair Janet Yellen told lawmakers that the Fed would look into negative interest rates if needed.

"I wouldn't take those off the table," she said.

WASN'T ENERGY THE PROBLEM?

Higher levels of U.S. oil output, thanks to fracking technology, along with over-production by Saudi Arabia, contributed to a world-wide oil glut, sparking a steep fall in energy and other commodity prices at the start of last year.

At $27 a barrel, oil prices are now near 13-year lows and some analysts say they expect to see prices drop further.

Tumbling oil prices resulted in sharp contractions in the economies of oil-producing countries, and pushed up yields on corporate debt, leading to defaults in the energy sector.

“Investors whose livelihood revolve around oil and gas and commodities are liquidating because they need the cash," said Stephen Massocca, chief investment officer at Wedbush Equity Management in San Francisco.

WHAT'S NEXT FOR THE FED?

Markets now do not expect the Fed to go ahead with its planned interest rate rises this year. The federal funds futures market now shows traders are not expecting the Fed to raise rates until at least February of next year. At one point on Thursday, futures contracts were even pricing in a slight chance of a rate cut this year, and investors said some of the rally in gold prices resulted from the possibility of a rate cut.

The move in fed funds futures has been accompanied by a rapid decline in the spread between short-dated and long-dated U.S. Treasury securities. The difference between the 2-year Treasury note yield and 10-year note yield has narrowed to 0.95 percentage points, the tightest it has been since December 2007. The flattening of the yield curve has often preceded recessions in the past.

The narrowing yield curve spread shows investors are less confident of economic growth, even though Yellen told Congress on Wednesday that U.S. economy looks strong enough that Fed may stick to its plan to gradually raise interest rates.

"Part of the problem is that the Fed is in a no-man's land right now: not dovish enough for the doves and not hawkish enough for the hawks, so it's not satisfying any point of view in the investment markets," said Terri Spath, chief investment officer at Santa Monica-based Sierra Investment Management.

WHEN WILL THE FALL IN STOCKS END ?

There are few signs yet that investors are dumping their holdings wholesale, typically a mark of a market bottom, said Alan Gayle, director of asset allocation at RidgeWorth Investments in Atlanta.

"It still seems to be focused on specific issues, whether it’s credit or it’s oil. But clearly there is a more defensive tone that the market is taking and we’re watching for signs of capitulation," he said.

Similarly, Credit Suisse noted that hedge funds have been selling in February, but the scope of that selling "lacks the much anticipated capitulation trade that would signal a bottom."

Credit Suisse also noted that macro-focused hedge funds have built up large U.S. equity short positions which have been a decent indicator of market direction in the past.

Even if the severity of the selling tapers off, 2016 will likely continue to be a bad year for stocks, said Mohannad Aama, managing director at Beam Capital Management in New York. The S&P 500 stock index is down approximately 10.3 percent for the year to date, while the Nasdaq Composite is down more than 15 percent over the same time.

"Although we’ve being seeing good job numbers, the general feeling is that the U.S. economy is nearing a peak and there is not much left as far as trends to be talked about," Aama said.- Reuters

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #11 on: February 14, 2016, 06:51:10 PM »



财经  2016年02月14日 | 记者:赖尧章
外围动盪 马股波动

外围动盪 马股波动

全球股市上周熊影幢幢,大马股市在猴年的第一周亦未见新春涨潮,大部份时间呈横摆下跌格局。市场人士认为本周重新开市的中国股市,可能使区域股市剧烈波动。

由于上周一(8日)和周二(9日)乃农历新年假期,马股上周只有3个交易日。

按周比较,富时综合指数从前周的1662.46点下跌18.72点或1.13%,至1643.74点。全周成交量从66亿4822万股锐减48%,至34亿4749万股;成交值从81亿1267万令吉下降50.16%,至40亿4347万令吉。

日本和美国股市上周急速滑落,美联储主席耶伦在美国时间11日在国会陈词时表示,全球各种风险可能拖累美国经济成长。

投资者普遍对股市前景感到悲观。

无论如何,辉立单位信托首席策略员潘力克受询时表示,马股本周走势难以预料,隨著中国股市周一(15日)恢復交易后可能补跌,区域股市可能再次剧烈波动。

同时,潘力克指出,「马股目前没有明显方向,美国隔夜股市行情,可能继续成为马股的风向標。」

美国隔夜股市的3大指数在上周五反弹,其中道琼斯工业生產指数上升313.66点或2%,至15973.84点。

另外,抽佣经纪卢文豪说,隨著大部份市场人士本周將重返工作岗位,马股的交易量料重新热络。

料呈横摆走势

然而,市场情绪仍未好转,因投资者对经济前景的忧虑有增无减。因此,综指本周料呈横摆走势。

他也说,按往年惯例,马股在农历新年后往往会出现小涨潮,但外资今年未积极进场,无法带动股市上扬。

此外,潘力克认为,虽然全球经济前景不佳,但投资者对此似乎反应过敏,全球经济实际上或许没有想像中悲观。

技术面而言,兴业投行技术分析员廖志豪称,马股本周可能在1600点至1700点的区间波动,而1600点是强稳的心理扶持水平。

「马股上周开市连跌2天,目前仍在200天平均移动线下方徘徊,但本周是否会继续走跌则难以预测。」

在未来一周,卢文豪將阻力水平设在1670点,扶持水平为1600点;廖志豪订下的阻力水平是1690点,扶持水平同样是1600点。潘力克则暂不预测马股走势。

投资策略方面,卢文豪认为投资者应谨慎进场或买进抗跌股,而廖志豪则建议投资者场外观望。

至於潘力克呼吁投资者在市况波动的当儿应做长线投资,不宜投机

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #12 on: February 14, 2016, 06:55:13 PM »




 
6则
最新更新
 上则新闻
负利率政策 银行业毒药
下则新闻
估值便宜.基本面佳 產业股 蓄势待发
财经  2016年02月14日
全球股市大跌背后原因

全球股市大跌背后原因

由于担心经济增长疲弱和央行政策能否奏效,投资者正在逃离股市,奔向债券和黄金等避险资產。与此同时,能源价格崩跌衝击產油国的经济,进一步损及全球经济增长。

才6周前,人们还预期低廉的油价將会支撑全球经济,而且普遍认为美联储去年12月的升息决定,是对美国经济投下的信任票。

除了美国股市下跌外,全球主要股指亦受重创,儘管日本央行和欧洲央行透过降息来刺激经济增长。

那些以前借入欧元和日圆的大型机构和主权財富基金,持续卖出风险资產,而且正在买回这些货幣,削弱了央行行动的效果。

上週四大跌后,根据投资顾问公司Bespoke投资集团,標普500股指今年迄今已下跌了10.5%,为史上最糟的年初表现。10年期美债收益率则已跌至1.63%,为2013年5月以来最低收位。以下为打压股市的部份主要问题。

这波跌势的最大原因?

去年末开始的股市大跌已经加剧,因欧洲和日本的负利率,以及美国公债收益率曲线趋平,给银行业者造成困难。

「市场的一个新主题是(量化宽鬆)损害银行,进而加剧了避险环境,」花旗集团驻纽约常务董事及G10外匯策略全球主管英兰特(Steve Englander)称。

在央行的存款利率为负值,公债收益率亦降至负值,损害了银行通过借款成本与贷款回报之间的差异来获利的传统能力。

標准普尔500指数金融板块今年以来跌幅达到18%,为2016年內表现最差的板块。

儘管美国联邦储备委员会(美联储/FED)尚未採取负利率。

但主席耶伦上週四在国会听证会上表示,必要的话会考虑负利率。「我不会把这些排除,」她称。

压裂技术帮助美国石油產量上升,加上沙地阿拉伯过度生產,去年初引发能源和其他大宗商品价格价格大跌。

每桶27美元的油价接近13年低位,而一些分析师预计油价还会进一步下跌。

油价大跌导致產油国经济急速下滑,並推高公司债收益率,引发能源行业违约事件。

「由於急需现金,专注於油气等大宗商品的投资者正在结清仓位,」Wedbush Equity Management的首席投资员马苏卡(Stephen Massocca)称。

股市跌势何时休?

Ridge Worth Investments资產配置主管格里(Alan Gayle)表示,目前仍鲜见投资者有大批拋售的跡象,而那通常標誌著市场见底。

他表示,看来仍聚焦於具体议题上,不论是信贷还是石油。然而,市场基调显然更加偏向防御,我们在正观察投降式拋售的徵兆。

同样地,瑞士信贷指出,对冲基金2月持续出脱,但卖出规模还不到標誌市场触底的投降式拋售的程度。

瑞士信贷同时指称,宏观对冲基金已建立起庞大的美股空仓,这以往是能够显示市场方向的很好指標。

Beam资本管理公司常务董事阿玛(Mohannad Aama)表示,这波惨烈的卖压即使逐渐减弱,2016年对股市而言仍將是很糟糕的一年。標普500指数今年迄今约跌10.3%,那斯达克指数同期则跌逾15%。

「儘管我们持续看到不错的就业数据,但整体感觉是美国经济正接近顶点,就趋势而言(成长余地)已所剩无几,」阿玛指出。

美联储下一步做什么?

市场目前確实预计美联储今年不会推进其原定的升息计划。美国联邦基金利率期货市场走势显示,交易商现在预计至少在明年2月前美联储都不会升息。上週四,美国联邦基金利率期货价格一度暗示,今年甚至有少许可能降息。投资者表示,金价大涨的部分原因在於降息的可能性。

与此同时,美国短期和长期公债收益率之差急速收窄。两年期和10年期公债收益率之差已收窄至0.95个百分点,为2007年12月以来最窄。从以往来看,收益率曲线趋平通常预示著经济衰退。

收益率之差收窄表明投资者对经济增长的信心减弱,儘管耶伦上週三对国会称,美国经济看来足够强劲,因此美联储可以坚持循序渐进升息的计划。

「部份问题在於,美联储目前两边不靠:对鸽派而言不够温和,对鹰派来说不够强硬,因此无法满足投资市场中的任何观点,」Sierra投资管理公司首席投资员史柏(Terri Spath)称

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #13 on: February 16, 2016, 08:04:52 PM »



洲网首頁 > 財經 > 大馬
猴年二連漲‧馬股探高衝破1660點
2016-02-16 18:13     

 
(吉隆坡16日訊)全球股市谷底反彈,加上油價回升強化投資情緒,馬股週二再漲15.03點或0.91%,寫下二連漲,在猴年取得好的開始。受區域股市強烈回彈振奮,馬股今日繼續復甦,富時綜指早盤以1651.43點高開,之後買盤繼續給力,使綜指得以持續探高,順利於午休前衝破1660點。
全天漲15點
綜指最終以1664.99點收市,全天漲15.03點。
另外,主要油產國將在本週會面,討論是否共同削減全球油產,也刺激國際油價繼續反彈;截至下午5時,布蘭特油價漲5.33%至35.17美元,西德州輕原油則報30.91美元,漲4.99%。
油價反彈,馬幣兌美元也繼續鞏固,截至下午5時報4.1480令吉。
不過,受避險情緒下降影響,黃金價格卻再度跌破每安士1千200美元大關,截至下午5時報1199.72美元。
資料顯示,馬股今日的領漲股包括全天大漲32仙的雲頂(GENTING,3182,主板貿服組)、揚17仙的亞通(AXIATA,6888,主板貿服組)和起16仙的聯昌集團(CIMB,1023,主板金融組)。
另外,在油價反彈的刺激下,油氣股也全面攀升,如領域巨頭沙肯石油(SKPETRO,5218,主板貿服組)就寫下13仙漲幅,阿瑪達(ARMADA,5210,主板貿服組)也漲1.5仙至1令吉零1仙,科恩馬集團(KNM,7164,主板工業產品組)也漲1.5仙,以48仙收市。
股票經紀受詢時指出,全球股市和油價反彈是刺激馬股連續兩天上漲的主要功臣;另外,馬股即將踏入第四季財報季,也鼓勵投資者趁低吸納優質股。
2月是馬股財報旺季,大多數上市公司都將在未來兩週里公佈2015年第四季業績;一般上,投資者會提前趁價低時吸納業績可望報捷的公司,期待業績公佈後股價會水漲船高。
“目前還不確定股市反彈氣焰持續多久,相信只要馬股未來1至2週內繼續站穩,必定對投資情緒有利,可帶動市場交投。”
顯著反彈須成交量配合
經紀表示,馬股近期的成交量非常低迷,日均交投量只有約15億至16億股,顯示許多投資者都不願進場,但這也可能是農曆新年假日所致,因此仍須觀察。
“馬股要進一步反彈,相信日均交投再突破20億股大關。”不管怎樣,豐隆研究提醒外圍利空猶在,短期內可能繼續對馬股構成下壓,下跌風險估計落在1642點至1622點之間。(星洲日報/財經‧報道:李三宇)


點看全文: http://biz.sinchew.com.my/node/131340#ixzz40KZ7YN1m
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #14 on: February 16, 2016, 08:06:37 PM »

星洲网首頁 > 財經 > 大馬
1800點年杪目標維持‧ 綜指股末季盈利增24%
2016-02-16 18:29     

 
(吉隆坡16日訊)馬股截至2015年12月杪為止季度,已經出爐的綜指成份股總盈利料達156億2千萬令吉,比前季全季總盈利117億7千萬令吉還高,預料2015年財政年第四季盈利按季增長高達24.3%,為馬股提供強穩支撐,臆測馬股綜指年杪目標維持在1800點水平。

已出爐盈利達156億
MIDF研究指出,若在調整特別及非重复項目,最新季度的盈利成長按季則微增0.6%。另一方面,2015年第四季盈利成長按年則微起0.2%。惟調整現年盈利成長按年則增6.7%,比較之前季度調整後按年成長則為3.9%。
除了油氣領域外,馬股綜指其餘主要成份股季度調整盈利成長依然正面。
油氣領域較遜色
在馬股綜指5大主要領域,包括銀行、公用事業、通訊、油氣及種植,除了油氣領域外,其餘盈利成長表現料全部正面。
油氣成份股的總調整盈利料略為負面,以及按季成長則顯著萎縮,主要是較高石油化學資產使用率及比前季的產品價格走高所致。
MIDF指出,馬股企業盈利改善將催化馬股未來走勢,已經出爐的業績財報顯示,較少的盈利失望公司,其中原因包括較低的比較基礎。
2015年第三季里,馬股綜指30個成份股中,總共有8個股項表現落後大市、及5個超越大市。至於2015年第四季,已經宣佈業績的8家公司中,僅有2家落後大市,以及4家超越大市。
馬股企業盈利與股價表現息息相關,雖然目前股市擁有“噪音”及短期的股價波動,特別是來自市場情緒及其他突發課題。惟隨著企業盈利有望改善,將馬股綜指年杪目標水平保持在1800點,或等於2016年預測本益比16.3倍及0.7標准差。
●銀行領域-按季盈利走軟
MIDF預料銀行領域在2015年第4季的盈利成長按季將走軟,這主要是(一)第4季的3個月吉隆坡銀行間利率揚升推高融資成本及對銀行的淨利息賺幅受到擠壓、(二)市場波動料將衝擊銀行在財庫及投資銀行業務的收入、及(三)信貸收費將維持高水平,主要是資產素質疲弱及較低的回收率。
*選股:
首選銀行股為馬來亞銀行(MAYBANK,1155,主板金融組)(目標價為9令吉80仙),主要是其較低的基礎利率,反映其融資成本比同業更具競爭力的優勢、多元化的盈利及具吸引力的周息率。
聯昌集團(CIMB,1023,主板金融組)及回教銀行(BIMB,5258,主板金融組)的評級,從“中和”上調至“短線買進”,目標價分別為4令吉80仙及4令吉22仙,主要以估值為基礎。
●公用事業-電力需求仍然強勁
公用事業領域按季盈利成長的主要動力,包括(一)整體發電燃料混合擁有較高的煤炭,特別是在過去兩季中數項主要煤炭推動發電廠的維修活動已經完成恢復運作、以及(二)較低的煤炭價格及液化天然氣使用率。
現財政年的盈利成長獲得特別強勁的需求所推動,來自全部領域,包括商業、工業、消費者等。
*選股:
維持國家能源(TENAGA,5347,主板貿服組)的“買進”評級,目標價為15令吉60仙。
●通訊業-競爭保持激烈
通訊領域的按季盈利成長的風險,主要是流動電話業者的競爭日益升溫。新計劃配套更具競爭力及步伐更迅速,平均每名客戶營收(ARPU)受到侵蝕。
通訊業的銷售及行銷成本也走高,特別是較強勁的收購活動。盈利賺幅也可能受到擠壓,因國際通訊流量成本走高,主要是更強的美元匯率。預料該行業的競爭及快速演變的營運情況不會在近期里改善。
預料擴大4G長期演進(LTE)的覆蓋率、推介更多附加價值的服務等,將主宰在業里保持競爭力的主要關鍵。
●油氣業-季度盈利跌多起少
油氣領域方面,整體來說,若與上季比較,預料油氣成份股的2015年第4季盈利將下跌。國油化學(PCHEM,5183,主板工業產品組)2015年第3季的盈利成長按年及按季都最高,主要的工廠使用率達到88%所致。預料此項趨勢將在2015年第4季將無以為繼,因假期季節使產品銷售價格走軟。
國油貿易(PETDAG,5681,主板貿服組)截至2015年第4季的業績料較為疲弱,主要是2015年第3季獲獲得激進的成本控制措施的支撐。至於國油氣體(PETGAS,6033,主板工業產品組)2015年最後一季的業績表現料可保持,主要是氣體的市場需求依然穩健。
沙肯石油(SKPETRO,5218,主板貿服組)為馬股唯一上市的油氣服務提供者,預料盈利將持續下滑,因為潛在額外撥備金,不過,現金流依然保持強勁。
*選股:
雖然經營環境深具挑戰,仍然看好沙肯石油,主要是業務多元化及擁有強勁的訂單合約(總共為230億令吉),推荐“買進”評級,目標價為2令吉72仙。
●種植業-盈利隨原棕油價格揚升
2015年第4季的原棕油平均價格為每公吨2千160令吉,按季走高約5%,料使種植股領域的盈利有增無減。雖然生產量按季下跌13%,但對原棕油價格的敏感度比鮮果串產量還要高。
在4大種植股中,預料IOI集團(IOICORP,1961,主板種植組)的盈利表現將超越其他同業,主要它是100%的純油棕公司。比較吉隆坡甲洞(KLK,2445,主板種植組)佔85%、森那美(SIME,4197,主板貿服組)則佔40%,而PPB集團(PPB,4065,主板消費品組)的棕油貢獻則佔15%。
*選股:
首選種植股為IOI集團,目標價為4令吉95仙及給予“買進”評級。(星洲日報/財經‧報道:李文龍


點看全文: http://biz.sinchew.com.my/node/131341#ixzz40KZgrWaW
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook


Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #15 on: February 17, 2016, 07:05:35 AM »

财经  2016年02月16日
末季企业盈利復甦 4领域看好 油气独憔悴

(吉隆坡16日讯)MIDF研究预测,去年末季的富时大马综指(KLCI)成份股的核心盈利(排除一次性事项),按年与按季分別將成长5.4%与0.6%。在5大主要领域中,除了油气股料將独憔悴,银行、公用事业、电讯与种植领域的表现都料將可圈可点。

基于预测企业盈利將逐步復甦,MIDF研究维持综指今年杪的目標,即1800点。

MIDF研究股票市场主管赛基夫尼预测,30只综指成份股在去年末季的净利总额將达156亿2000万令吉,相比去年第3季的117亿7000万令吉,按季成长24.3%。

不过,若排除一次性事项,综指成份股在当季的核心净利达145亿9100万令吉,按年与按季分別將成长5.4%与0.6%。

赛基夫尼做出上述预测,是因为MIDF研究认为,企业盈利在过去连续数个季度令市场失望的情况,將逐渐改善。

截至目前已出炉的企业业绩显示,企业表现不如预期的情况已减少,在综指成份股中,只有2家公司的表现不如预期,却有4家公司超越预期。

相比之下,去年第3季,有8家综指成份股的表现不如预期,只有5家公司超越预期;去年次季则有9家公司不如预期,4家公司超越预期。不过,赛基夫尼补充,这也可能是因为,在经歷连续数个令人失望的季度后,市场分析员普遍调低了本身的预测值。

在综指成份股分布的领域中,赛基夫尼相信,油气领域將是唯一盈利萎缩的主要领域,至于另外4大主要领域,包括银行、公用事业、电讯与种植领域,都受看好交出正面的成长表现。他预测,油气领域的净利按年与按季將分別减少4.5%与31.7%,而按季急退主要是因为去年第3季国油化学(PCHEM,5183,主板工业股)的资產使用率与產品售价走高,推高了比较基准。

针对银行领域,赛基夫尼认为,净利息赚幅(NIM)遭削薄的情况將继续出现,因为3个月吉隆坡同业拆息率(KLIBOR)在去年末季走高,显示银行业者的融资成本也增加,而在经济不景气的当儿,业者的资產素质与呆账回收情况令人担忧。此外,资本市场持续大幅波动,也料將衝击银行业者的投行生意。

他首选马银行(MAYBANK,1155,主板金融股),因为其融资成本比同行低,目標价格为9.80令吉。

另一方面,赛基夫尼预测,国家能源(TENAGA,5347,主板贸服股)使用更多成本低廉的煤炭发电,加上根据过往经验,末季的电力需求高涨,將推高公用事业领域的盈利。他给予国家能源「买进」评级,目標价格为15.60令吉。

至于电讯领域,他相信,竞爭加剧让该领域的前景阴霾笼罩。除了市佔率与促销成本可能生变的问题,当业者推出更廉宜的配套,料將压低每名用户平均收益(ARPU)。

棕油价扶持种植业

种植领域方面,业绩表现料將受到去年末季每公吨2160令吉(按季走高5%)的原棕油平均价扶持。赛基夫尼认为,在综指成份股中,IOI集团(IOICORP,1961,主板种植股)的表现將超越同行,因为该股为纯棕油股,他给该股的评级为「买进」,目標价格为4.95令吉


Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #16 on: February 18, 2016, 07:09:54 AM »



Business NewsHome > Business > Business News
Wednesday, 17 February 2016 | MYT 6:19 PM
Petronas Chemicals, CIMB drag KLCI into the red
BY JOSEPH CHIN







 
 
KUALA LUMPUR: Late selling pressure on Petronas Chemical and CIMB pushed the FBM KLCI into the red on Wednesday as investors shifted funds into plantation stocks.

At 5pm, the FBM KLCI was down 0.67 point or 0.04% to 1,664.32. Turnover was 1.75 billion shares valued at RM1.62bil. There were 440 gainers, 402 losers and 336 stocks unchanged.
The ringgit weakened against the US dollar and Singapore unit but firmed up slightly against the pound sterling. It was at 4.2230 to the greenback from 4.2543 the previous day while against the Singapore dollar, it slipped to 2.9986 from 2.9645.

It firmed up against the pound to 6.0203 from the previous close of 6.0265.

Most key Asian markets closed in the red after the recent gains despite the firmer crude oil prices.

Oil prices rose on Wednesday as efforts led by Russia and Saudi Arabia to broker a deal to freeze production levels and ease a global glut turned to Iran, which signalled a tough line, Reuters reported.

Brent crude was up 38 cents at US$32.56 a barrel after settling down US$1.21 in the previous session. US crude rose  29 cents to US$29.33 a barrel.

At Bursa Malaysia, Petronas Chemicals fell 22 sen to RM6.96 and erased 2.94 points from the KLCI. Petronas Gas was flat at RM22.44 but Petronas Dagangan added 36 sen to RM25.40. SapuraKencana lost six sen to RM1.90. Petron Malaysia rose 19 sen to RM6.87.

Crude palm oil for third-month delivery rose RM20 to RM2,2608 putting it again on the upward trend.

Genting Plantations rose 64 sen to RM11.56, Batu Kawan and PPB 20 sen higher at RM17.80 and RM15.82 while IOI Corp added 16 sen to RM4.86 and heavyweight Sime Darby was up two sen to RM7.77. United Plantations fell 50 sen to RM25 with 300 shares done.

Genting Bhd fell 23 sen to RM7.79 and erased 1.44 points from the KLCI and Genting Malaysia edged up one sen to $4.36. Tenaga rose four sen to RM13.22.

Among the telcos, Axiata rose 10 sen to RM5.90 and pushed the KLCI up 1.47 points after its strong FY15 earnings. Maxis and Digi added eight sen each to RM6.18 and RM4.99 while Telekom climbed seven sen to RM6.69.


As for banks, CIMB retreated 11 sen to RM4.31 after the recent rally and erased 1.57 points. AmBank lost nine sen to RM4.39, Hong Leong Bank four sen to RM13, but Public Bank added two sen to RM18.46, Maybank one sen to RM8.56.

Among the key regional markets,

Japan’s Nikkei 225 fell 1.36% to 15,8836.36;

Hong Kong’s Hang Seng Index lost 1.03% to 18,924.57;

CSI 300 gained 0.87% to 3,063.32;

Shanghai’s Composite Index was up 1.08% to 2,867.34;

Hang Seng China Enterprise fell 1.24% to 7,928.76;

Taiwan’s Taiex inched up 0.03% to 8,214.25;

South Korea’s Kospi shed 0.23% 1,883.93; and

Singapore’s Straits Times Index lost 1.16% to 2,613.79.

Spot gold rose US$2.51 to US$1,202.95.

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #17 on: February 19, 2016, 08:32:10 AM »


Bursa Malaysia closes at seven-week high
Posted on 18 February 2016 - 05:51pm
Print
KUALA LUMPUR: Bursa Malaysia closed at a seven-week high today on improved buying sentiment and driven by better-than-expected 2015 economic growth data for the country.

The performance was also in line with that of regional markets and amid the recovery in oil prices.

At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended broadly higher by 15.7 points at 1,680.02, compared with Wednesday's close of 1,664.32.

The index, which hovered between 1,665.80 and 1,685.65 today, had opened 1.48 points better at 1,665.80 at 9am.

Affin Hwang Investment Bank Vice-President and Retail Research Head Datuk Dr Nazri Khan Adam Khan said Malaysia had registered resilient economic growth of 5%, which partially contributed to the positive market sentiment.

Malaysia's economy grew 4.5% in the final quarter of 2015, bringing the full year gross domestic product growth to 5% as against 6% in 2014.

"We have strong gains for oil and Wall Street's strong overnight performance also boosted the overall market sentiment today," he told Bernama.

Brent Crude rose 0.43% to US$34.65 a barrel as Iran backed joint efforts by Russia and Saudia Arabia to stabilise crude prices.

Market breadth was positive with gainers trouncing losers 545 to 302 with 346 counters unchanged, 553 counters untraded and 18 others suspended.

Total volume fell to 1.67 billion shares worth RM2.10 billion from 1.75 billion shares worth RM1.62 billion on Wednesday.

Among heavyweights, Maybank rose eight sen to RM8.64, Public Bank advanced 12 sen to RM18.26, Petronas Chemicals appreciated seven sen to RM7.03, IHH Healthcare gained five sen to RM6.53, while TNB was flat at RM13.22.

For the top gainers, Kuala Lumpur Kepong surged 50 sen to RM24.16, Genting soared 40 sen to RM8.19, Lafarge improved 31 sen to RM9.29, while Sime Darby and Sarawak Oil Palms increased 23 sen each to RM8 and RM4.50 respectively.

Of the actives, Xidelang edged up half-a-sen to six sen, JAG and XOX were flat at 13 sen and 16 sen, while APFT inched down half-a-sen to 19.5 sen.

On the regional markets, Japan's Nikkei 225 appreciated 2.28 per cent to 16,196.80, Hong Kong's Hang Seng advanced 2.32% to 19,363.08 and Singapore's Straits Times was up 1.66 per cent to 2,657.18.

The physical price of gold as at 5pm stood at RM156.55 per gramme, down RM1.35 from RM157.90 at 5pm yesterday. – Bernam

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #18 on: February 19, 2016, 02:48:37 PM »


Business NewsHome > Business > Business News
Friday, 19 February 2016 | MYT 2:10 PM
Boustead rights issue at minimum subscription to raise RM641m






 Boustead deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin
Boustead deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin
 
KUALA LUMPUR: Boustead Holdings Bhd has revised its cash call via a renounceable right issue on a minimum subscription basis of RM641.45mil instead of the earlier RM1.05bil.

It said on Friday the revision was after the board’s assessment of the cash flow requirements of the group.

To achieve the level of subscription of the rights shares under the minimum subscription basis, it will procure the undertakings from Lembaga Tabung Angkatan Tentera (LTAT) and Boustead deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin to subscribe for their entitled rights shares.

LTAT, which owns 58.08% or 600.68 million Boustead shares will be asked to subscribe to its entitlement of 240.27 million rights shares. The amount would be RM612.69mil based on the indicative issue price of RM2.55 each.

As for Lodin, who owns 2.73% or 28.19 million shares, he will have to fork out RM28.75mil for his entitlement to 11.27 million rights shares. He is also chief executive of LTAT.
Boustead said as the level of subscription of the rights shares under the minimum subscription basis could be achieved through the undertakings, “there will be no underwriting arrangements for the remaining portion of the rights shares for which no undertakings will be sought from LTAT and Lodin”.

It said of the RM641.45mil to be raised from the rights issue, a total of RM321mil would be used to repay bank borrowings and RM319mil for property development.

Of the RM319mil allocated for property development, it said RM200mil would be used for land acquisition and RM119.6mil for the buildingnof a hotel in Pahang, the Royal Chula Cherating Hotel.

The proposed rights issue would be on the basis of two rights shares for every five existing shares held

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #19 on: February 19, 2016, 08:35:01 PM »

星洲网首頁 > 財經 > 大馬
獲利遜預期‧何人可全年財測下修
2016-02-19 18:07     

 
(吉隆坡19日訊)何人可(HOVID,7213,主板消費品組)淨利表現遜預期,遭分析員下調2016財政年盈利4%,惟卻看好新產品線將在未來兩個財政年貢獻淨利,維持2017及2018財政年盈利預測。
何人可2016財政年上半年淨利遜於預期,淨利只佔了聯昌研究及市場所預測的40%。
第二季的淨利更是按年下跌11%,聯昌研究認為業績表現不佳,主要是受到馬幣兌美元匯率低落,使得公司承擔100萬令吉的外匯損失及超出預期的營運支出所拖累。
排除匯率因素,何人可在第二季淨利則是受強勁營業額帶動,按年增長87%。
雖然馬幣疲弱,惟何人可2016財政年上半年營運盈利賺幅卻由去年同期的17.8%下跌至17.3%。
聯昌研究認為,何人可在下半年的新產品生產線營運支出將使得賺幅持續受壓。
而該公司超過半數的銷售是依靠出口,因此,馬幣強勁,將對公司賺幅帶來負面影響。
聯昌說,儘管本地及國外經濟狀況惡劣,惟相信何人可銷售將隨仿製藥需求增長而增加。
綜合以上,聯昌下調何人可2016財政年盈利預測4%,並相信新生產線的產品將能貢獻淨利賺幅,因此,2017及2018財政年盈利預測維持不變,目標價為48仙及維持“持有”評級。(星洲日報/財經‧報道:劉玉萍)


點看全文: http://biz.sinchew.com.my/node/131495#ixzz40cEMImTS
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook


Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #20 on: February 19, 2016, 08:38:22 PM »


即時
大馬
國際
|
大馬
|
國際
|
評論
|
業績出爐
|
馬股分析
|
熱股評析
|
行業走勢
|
原產品行情
|
投資致富
|
中小型企業
|
產業兵法
|

星洲网首頁 > 財經 > 大馬
種植及度假村業務催化‧雲頂有上漲空間
2016-02-19 17:57     

 
(吉隆坡19日訊)雲頂(GENTING,3182,主板貿服組)新加坡臂膀雲頂新加坡2015年第四季財報符預期,但仍無法驅散分析員對新加坡博彩業看淡的情緒,預見該集團未來股價催化因素將來自種植臂膀盈收改善,以及綜合度假村業務逐步復甦。
雲頂新加坡末季淨利挫82%
雲頂新加坡第四季淨利大跌82%,這導致雲頂股價下跌,一度挫20仙至7令吉99仙,收市報8令吉,跌19仙。
不過,不計脫售資產造成的外匯和價值虧損,全年核心淨利普遍符合預期。
雲頂新加坡2015財政年第四季核心淨利年增176%至6千250萬新元,讓全年核心淨利至2億6千760萬新元,與馬銀行金英研究預期相符,但0.015新元派息令人驚喜,比預期高出50%。
該行指出,去年第四季貴賓市佔率按季走跌2%至38%,但壞賬撥備卻按季減51%至5千530萬新元,同時貿易與其他應收賬項更按年下滑26%至8億9千490萬新元。
“儘管貴賓信貸將持續收緊,但雲頂新加坡管理層並不預見貴賓客量將進一步下跌。”
除貴賓市場趨穩外,肯納格研究稱,在博彩業前景嚴峻下,管理層將繼續專注相對穩定的大眾市場增長,同時更重質不重量,壞賬撥備出現改善正好反映相關措施奏效。
同時,雲頂新加坡濟州名勝世界即將推介的住宅產業獲得市場良好迴響,而艾芬黃氏研究更發現酒店、賭場和主題公園興建場地已經清理,有望在本月開始建設工作。
該公司管理層預見濟州島賭場將面向高檔和大眾市場,而雲頂新加坡將在2016年為這項聯營計劃投入2億5千萬美元資本開銷。
儘管如此,達證券看淡新加坡賭業前景,主要是澳門將有更多新賭場開業加入搶客,同時新元不斷走強也將衝擊大眾市場消費,因此將雲頂評級下調至“賣出”。
但大眾研究認為,儘管雲頂今年股價已走揚16%,但距離目標價仍有12.4%上漲空間,因此維持其“超越大市”評級。
“我們相信雲頂股價催化因素將來自種植臂膀交出更出色的盈利表現,以及綜合度假村業務逐步復甦。”(星洲日報/財經‧報道:洪建文


點看全文: http://biz.sinchew.com.my/node/131492#ixzz40cFDggJ0
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #21 on: February 20, 2016, 07:45:50 PM »




经济放慢综指缺催化剂 高周息率股后市看涨
财经新闻 财经  2016-02-20 08:47

 

1 of 3
(吉隆坡19日讯)大华继显研究分析员指出,我国经济缺乏火花,拖累富时隆综指缺乏近期催化剂,因此,建议投资者专注在周息率良好的股项。
根据分析员向机构投资者展开的调查,市场看好令吉兑美元在年初至今升值3.4%,有助综指近期的走势,比其他区域股市更加强稳。
不过,分析员认为,俄罗斯、沙地阿拉伯、委内瑞拉和卡塔尔在周二(16日)对冻结石油产量达成共识的消息,不足以现在提振油价,从而无法为我国经济捎来利好。
同时,随着国内消费放缓和盈利增长率可能放缓,综指今年将徘徊在波动区间的最底端。
“我们今年的综指目标是1750点,预测本益比为15倍,稍高于14.7倍的长期本益比中值。”
在此情况,分析员预期优质的高周息率股,较有望在今年交出良好的资本增长表现,因市场预期美联储将放缓升息步伐,这些股项的股价走势有利。
而分析员列出的高周息率股,分别有马银行(MAYBANK,1155,主板金融股)、丰隆工业(HLIND,3301,主板消费产品股)、双威产托(SUNREIT,5176,主板产业信托股)与皇帽(CARLSBG,2836,主板消费产品股)。
马银行料反弹
“至于我们的首选买入股,是马银行、云顶(GENTING,3182,主板贸服股)、森德(SCIENTX,4731,主板工业产品股)、IJM(IJM,3336,主板建筑股)、KERJAYA(KERJAYA,7161,主板建筑股)和WCT控股(WCT,9679,主板建筑股)。”
在这当中,马银行在经历银行股遭受沉重卖压后,有望录得反弹;而云顶的贵宾博彩与非博彩投资业务的盈利回稳,有助该股持续回扬。
“值得注意的股项,还包括成功多多(BJTOTO,1562,主板贸服股)、健力士英格(GAB,3255,主板消费产品股)及怡保花园产托(IGBREIT,5227,主板产业信托股)。”
此外,分析员点出,有意在石油服务股寻找投资机会的投资者,可考虑布米阿马达(ARMADA,5210,主板贸服股)

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #22 on: February 21, 2016, 05:46:14 PM »



财经  2016年02月21日 | 记者:黄义杰
马股衝破1700有难度

马股衝破1700有难度

虽然马股在猴年首週下跌逾1%,未能报捷,但上週则尾隨全球股市上涨,主要是因为原油价格適度回升所致。对全球而言,油价止跌反映通货紧缩的风险降低;对作为石油出口国的大马而言,则意味政府收入吃紧的情况不至于进一步恶化,且出口也有望企稳。

农历新年假期已过,上週恢復5个交易日。

按週比较,富时大马综合指数回升31.14点或1.89%,报1674.88点。全週成交量从前週的34亿4749万股,暴增1.4倍,至83亿5701万股;成交值则从40亿4347万令吉,激增1.2倍,至87亿6378万令吉。

市场人士普遍认为,无论是马股或油价,上週仅属技术反弹,短期內仍会窄幅波动。Areca资本首席执行员黄德明预期,综指在本週依然会波动不定,但不排除会衝破1700点的心理水平。

「综指走势主要胥视国际原油价格走势,及中国股市与经济前景,短期內有望反弹至1700点,整体而言则仍波动不定。」

不过,肯纳格投行技术分析员和抽佣经纪陈玉麟则认为,综指虽然已趋近1700点,但在窄幅波动的格局下,要衝破1700点並不容易。

技术分析员表示,虽然综指相当接近1700点,以及象徵长期走势荣枯分水岭的200天移动平均线,但他认为综,指难以有所突破。

缺乏激励因素

「无论从平均乖离指数(MACD)、强弱势指標(RSI)、隨机指標(Stochastic)来看,综指都已接近超买(overbought)的水平,近期內可能会局部回退,难以进一步突破。」

他补充,即便综指衝破了1700点,涨势也会受限。陈玉麟也认同道,马股的基本面並没有出现重大激励因素,可刺激股市继续回升。

第一,从油价走势来看,目前只是出现技术反弹。技术分析员表示,图表显示,油价仍处于长期的下跌週期,难以继续回升。基本面而言,陈玉麟提醒,沙地阿拉伯与俄罗斯只是同意不增產,却没有同意减產,而油產有待恢復的伊朗仍是一大不明朗因素。

第二,本週即將有更多企业公佈去年末季业绩。不过,陈玉麟和黄德明皆认为,企业表现料將趋于平淡,无法激励马股。黄德明指出,传统上,企业的末季表现相对平淡,而去年末季油价与令吉进一步下跌,带来的负面因素,可能拖累业绩表现。他相信,企业盈利在下半年才有望回升。

技术分析员把扶持水平设在马股衝破1700有难度1670点,阻力水平则是1700点。陈玉麟则把扶持水平设在1650点与1630点,阻力水平则是1700点。

投资建议方面,黄德明认为,可选择盈利具有韧性的公司,並认为,盈利依靠匯率贬值的公司则不適合继续投资。

陈玉麟建议,在这不明朗时期,最好谨慎选股,否则就寧可手抱现金,等待时机进场,选股的標准是依据公司基本面,以及市场主题,如大马是否引进更多外劳、令吉依然疲软等。

技术分析员则认为,既然马股处于窄幅波动的格局,投资者应该趁高套利,再趁低买进。

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #23 on: February 21, 2016, 05:49:35 PM »


财经  2016年02月21日 | 记者:雷洁敏
基金经理唱衰运输业 关注机场股 最爱油船业

基金经理唱衰运输业 关注机场股 最爱油船业

儘管原油价格重挫,大部份来自大马、新加坡和香港的基金经理仍不看好运输领域,包括海运和航运业。机场领域仍获得一些基金的青睞,惟大部份基金经理谨慎看待涉及货运和优质旅游的航空公司。

集装箱和干散货运领域被排除在投资项目以外,但油船运输(Tanker shipping)却仍有一些吸引力。

有鑑于此,联昌国际投行分析员维持运输领域「中和」投资评级。

1)全方位航空乏问津

联昌国际投行分析员指出,儘管原油价下滑有利运输业,但市场人士对全方位服务航空公司(FSC)仍兴趣不大,主要因担忧该行业过度竞爭和收益率下滑所致。

「目前股市情况艰难,因此,航空公司商务仓需求將受影响,导致投资者对这类航空公司的购兴减低。」

2)廉价航空表现受关注

菲律宾廉价航空公司宿雾航空(Cebu Air)和泰国廉价航空公司--亚洲航空(Asia Aviation)是廉价航空领域中表现最好的2家公司,但部份基金经理认为宿雾航空估值已偏高。

而泰国亚洲航空的知名度较低,导致许多基金经理未作投资。

市场对於大马的廉价航空公司亚洲航空看法极,但许多市场人士仍市场担忧印尼和菲律宾航空业务表现。

3)机场股仍受瞩目

投资者对机场股仍钟爱有加,尤其泰国机场管理公司(AOT),而上海国际机场和悉尼机场也是中国游客出游热潮的受益者。

相反大马机场则因疲弱业绩表现,未在基金经理的投资名单。

由於股价已走高,投资者面对的难题是如何释评估AOT的价值。

4)冷待干散货运业

该分析员认为,市场投资者担忧干散货运业的风险,以及船运公司的生存问题。

隨著2项可转换债券在今年届满,太平洋盆地(Pacific Basin)今年营运亏损情况,及其偿还债务的能力,成为基金经理最关心的问题。

5)集装箱业者估值见底

至於集装箱运输业,一些投资者认同,相关股项估值已达谷底。

不过,投资者仍认为该领域风险高,因为供应过剩和需求的不確定性,此外,要找合適的进场时机不容易,因此,投资者仍选择避开投资在该领域。

6)油船运输引青睞

分析员补充,油船运输仍是投资者唯一青睞的领域,虽然市场一般相信,运输费將在2016下半年见顶。

投资者最看好的是中国海运发展股份有限公司(China Shipping Development),这是因为其估值低於账面价值,以及计划派发特別股息,这特別股息来自该公司脱售散货海运业务于中远集团(Cosco Group)的收益。

国內方面,联昌国际分析员指出,市场人士持续投资於国內两大公司--MISC公司(MISC,3816,主板贸服股)和西港控股(WPRTS,5246,主板贸服股)。儘管国內投资者了解这两家公司在2017年將面对的风险,但由于大马交易所內只有少数大资本股的投资选项,投资者普遍维持这两项投资。

外国投资者一般不看好这两家公司,因为它们分別在各自的领域,估值都相对昂贵。

总括而言,分析员认为,虽然集装箱、干散货运和全方位服务航空公司的股价已下滑至非常低水平,但投资者仍需要一个明確的上升讯息才会进行投资。

联昌国际投行的首选包括国泰航空、宿雾航空、东方海外(Orient Overseas(International))和海丰国际(SITC),儘管这些公司在未来6个月的前景仍充满挑战。

而近期,股价跌幅较小的MISC公司和西港控股可能面对一些拋售压力。



大马运输股前景有看头

国內主要的交通运输相关股项当中,MISC公司(MISC,3816,主板贸服股)、西港控股(WPRTS,5246,主板贸服股)及大马机场(AIRPORT,5014,主板贸服股)已经相继公佈了去年末季的业绩。而本週,亚洲航空(AIRASIA,5099,主板贸服股)及亚航X(AAX,5238,主板贸服股)的业绩也即將出炉。

已经公佈业绩的3家公司表现並均出现下滑,而大马机场更由盈转亏。虽然如此,分析员普遍看好这5家公司前景。

大马机场由盈转亏

国內唯一涉及机场业务的大马机场,业绩表现一直是市场关注的焦点。由於前期有一笔4亿8370万令吉的重估资產一次性收益、及3亿1490万令吉的低价收购资產收益,导致大马机场末季(截至去年12月31日止)的表现大为逊色,加上融资成本增加拖累,大马机场末季由盈转亏,蒙损4290万令吉,相比前年同期净赚5亿7773万令吉。营业额则按年增45.78%,至10亿3695万令吉。

分析员普遍认为,大马机场的表现是受到较高的折旧和摊销费用拖累,但一般相信,其土耳其伊斯坦堡撒比哈国际机场(ISG)將在未来几年带来正面贡献。因此,大部份分析员在调整盈利预测之际,都维持投资评级。

其中达证券分析员看好大马机场2016財政年盈利將正常化和恢復成长,並维持2.7%的成长预测。这也是基於亚洲航空、亚航X及马印航空(Malindo)会持续提高载客容量,以及一些海外航空公司,如英国航空、全日空和中国国际航空的回归,抵消马航重组所带来的影响。

达证券也將大马机场的评级从「卖出」上调至「守住」,目標价则从5.88令吉上修至7.02令吉。

至於MISC公司,2015財政年末季(截至12月31日止)表现虽然下跌,但符合市场预期,联昌国际分析员也继续將该公司列为首选股。

MISC公司2015財政年末季净利按年下滑21.5%,至7亿5272万令吉;营业额按年增44.83%,至33亿1206万令吉。董事局也建议派发12.5仙的中期股息,及10仙的终期股息。

该公司业绩表现普遍超出预期,令分析员大致维持「买进」投资评级。

达证券分析员调高了MISC公司2016年盈利预测13%,並给予「买进」的投资建议。利好因素为旗下马海事重工程(MHB,5186,主板贸服股)盈利上升、油槽船租金强劲、美元走强、稳健的財务状况(净负债率只有0.02倍),以及3.5%的週息率。

大马研究分析员同样认为,MISC公司目前的估值诱人。2016財政年的企业价值对扣除利息、税务、折旧和摊销前盈利比例(EV/EBITDA)只有8.5倍,低於3年平均值的10.5倍。

运输领域的另一家公司--西港控股2015財政年末季(截至12月31日止)净利为1亿3255万令吉,按年下跌5.19%;营业额则为4亿7701万令吉按年增加24.06%。

全年而言,该公司净利按年下滑1.43%至5亿零486万令吉;营业额也按年增加7.66%至16亿8178万令吉。

此外,管理层建议派发每股5.78仙的第2次中期股息。

达证券分析员指出,鉴於3个主要因素带动,即港口装卸费用上调15%、转船运输量温和成长、以及节省税务,西港控股2016年预期潜在盈利成长为21%,因此维持「买进」投资评级,目標价上调至4.65令吉。

针对下週將公佈业绩的两家航空公司,市场的看法相当正面。隨著亚洲航空的2015年末季营运数据高于预测,加上较高的平均票价及赚幅,分析员看好该公司2015財政年末季(截至12月31日止)业绩將超越预期。其末季业绩將在下週五(26日)出炉。

亚洲航空2015財政年末季,乘客流量和座位量分別按年上涨12.10%和5.7%,至1350万和1630万人;同时,每公里可用机位(ASK)和每公里乘客收入(RPK)各达193亿和160亿,按年起9.30%及14.60%。

MIDF研究分析员表示,较低的燃油价格將抵消令吉疲软造成的额外开销,因此,他看好亚航的营运盈利表现,並给予「买进」投资评级,目標价1.82令吉。

与此同时,以廉价长途航空业务为主的亚航X(AAX,5238,主板贸服股),末季业绩表现也备受分析员看好。大眾投行分析员指出,亚航X在大马的末季乘客量按年下跌9.3%,至98万5739人,座位容量及每公里可用座位,分別按年下滑10.4%及9.5%,主要是该公司整合航线所致。不过,该公司的载客量仍保持在80%以上。

受惠于更高的平均票价和乘客量復甦,该分析员维持亚航X「跑贏大市」投资评级,目標价为28仙

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #24 on: February 22, 2016, 08:47:10 AM »


IPO pipeline running dry
Posted on 22 February 2016 - 05:40am
Rupinder Singh
sunbiz@thesundaily.com
Print
PETALING JAYA: The delay to energy and water group Ranhill Holdings Bhd's listing will do no favours to jittery investors in what was once one of the hottest initial public offering (IPO) destinations in the region.

Ranhill's RM637.5 million IPO was due for listing on Feb 18 but was pushed back to March, perhaps to persuade institutional investors of the merits in investing in the stock in today's depressed market environment.

The listing is basically a reverse takeover (RTO) of Symphony House Bhd that will pave the way for the backdoor listing of the group on the Main Market of Bursa Malaysia. This follows its failed IPO attempt in July 2013 on disclosure transgression issues.

Ranhill's listing will be among the very few large IPOs expected this year after the local market went through a disappointing 2015 where the market's benchmark index, the FBM KLCI, failed to break through the 1,700-point barrier, as corporate earnings slumped.

With investor sentiment at a low, it was no surprise that the IPO market saw some deferments last year.

According to Inter-Pacific Research Sdn Bhd head of research Pong Teng Siew, the window has closed for any company to partake in a floating exercise to raise money due to the extremely sluggish market.

"Issuers would rather wait than undertake an IPO as the proceeds are not compelling enough," he told SunBiz.

Pong said the Malaysian IPO pipeline is running dry as the country is faced with a gloomy economic outlook, currency volatility and slump in oil prices.

In 2015, Malaysia recorded a net withdrawal of foreign funds from the equities market totalling RM19.5 billion, or equivalent to US$5.0 billion. It was the highest among the Asian markets and the most severe foreign attrition since the 2007/08 financial crisis.

The fact remains that foreign shareholding in Bursa Malaysia is thin and is at the lowest since the financial crisis.

Bursa Malaysia ended 2015 with 11 IPOs compared with 15 in 2014. The largest IPO on Bursa Malaysia last year was the RM2.74 billion listing of independent power producer (IPP) Malakoff Corp Bhd.

In 2015, five notable IPOs were planned but did not materialise – Sime Darby Motors Sdn Bhd, Edra Global Energy Bhd, Weststar Aviation Services Sdn Bhd, Qualitas Healthcare Corporation Bhd and Asean Healthcare Group Bhd.

Sime Darby Bhd shelved plans to list its automotive business indefinitely on non-conducive market environment, while Edra, the IPP controlled by 1Malaysia Development Bhd, aborted plans for a RM11 billion IPO and opted for an outright sale of its energy assets.

Another prominent IPO aborted was that of Weststar Aviation Services Sdn Bhd, a helicopter transport firm founded and partly owned by Tan Sri Syed Azman Syed Ibrahim, which delayed a US$500 million listing.

In the first quarter of 2015, Qualitas Healthcare Corp Bhd postponed its IPO that was to raise RM556.5 million and decided to wait for improved market sentiment.

Asean Healthcare, a special-purpose acquisition company (SPAC) spearheaded by former Hong Leong Bank Bhd group managing director Datuk Yvonne Chia, was looking to raise RM750 million from a listing on the Main Market of Bursa Malaysia.

In its draft prospectus, Asean Healthcare said it intended to acquire at least one secondary or tertiary care hospital with 100 to 500 beds in Malaysia, together with any complementary services attached to such hospitals, for its qualifying asset. There has been no updates on the planned IPO since.

A notable upcoming large listing in 2016 is that of property developer Eco World International Bhd (EWI) which has set a target to raise RM2 billion in an IPO slated for the first half of the year. Last June, EWI withdrew its application which was submitted October 2014 to be listed as a SPAC.

Ekuiti Nasional Bhd (Ekuinas), a government-linked private equity fund manager, could list its education arm, Ilmu Education Group Bhd (Ilmu), this year after it deferred the IPO from last year due to prevailing market conditions. It is now said to be pursuing an RTO with Sapura Resources Bhd whereby it will inject Ilmu into Sapura, which will enable a listing of the education business.

Recently, it was reported that Iskandar Waterfront Holdings Bhd planned to revive a RM$300 million initial public offering plan that was first proposed in 2013. However, no timeline has been reported as yet.

So far, six companies have submitted their draft IPO prospectuses to the Securities Commission for listing this year, according to information on the regulator's website. They include building materials player Chin Hin Group Bhd, automotive upholstery manufacturer Pecca Group Bhd, convenience store operator Bison Consolidated Bhd and healthcare equipment and furniture maker LKL International Bhd.

The latest company to file its application was Salutica Bhd, an original design manufacturer of electronic components, which is looking to list on the ACE Market of Bursa Malaysia with an IPO of 101 million shares

Offline ongchef

  • Marquess
  • ********
  • Posts: 15,837
Re: Spot KLCI Index
« Reply #25 on: February 22, 2016, 09:24:23 AM »
 :D :D :D...........mei yu bu ji de gu,tzi yu lowya player!! :) :thumbsup: :thumbsup:............ala OnG,add another stock with oil abaloneS,just another scomi !!! :thumbsup: :clap: :clap: :clap: :cash: :cash: :cash: :cash: :cash: :cash: :cash: :cash:

Offline ongchef

  • Marquess
  • ********
  • Posts: 15,837
Re: Spot KLCI Index
« Reply #26 on: February 22, 2016, 09:49:20 AM »
 :D :D :D........na li yu tek :),...........mai hei jin,wan tong abalone$$!!! :thumbsup: :cash: :cash: :cash:

Offline ainalee111

  • Civilian
  • *
  • Posts: 6
Re: Spot KLCI Index
« Reply #27 on: February 22, 2016, 12:33:41 PM »
https://docs.google.com/forms/d/10FfVDdJC0MEEyv0McDLBgA6UxgIHKHYeqJkSzh007F0/edit
Get free trading signals on #FOREX#COMEX#SHARE MARKET#BURSA MALAYSIA#KLSE STOCKS according to market scenario you will calls through sms or call.For  more information please register your name in given link.

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #28 on: February 22, 2016, 02:24:16 PM »

Monday, 22 February 2016
Stocks to watch in the current economic slowdown
BY YAP LENG KUEN







 Stocks in construction, plantations and utilities are under the radar of Chris Eng, head of research, Etiqa Insurance & Takaful. Within these categories, Mitrajaya, Protasco, KLK, IOI Corp, Tenaga and Malakoff are also recommended.  “Most of these stocks in the construction, REITs and gaming sectors are fairly insulated from the global economic slowdown as they are in mostly domestic-centric businesses,’’ said Vincent Khoo, head of research, UOBKayhian.
Stocks in construction, plantations and utilities are under the radar of Chris Eng, head of research, Etiqa Insurance & Takaful. Within these categories, Mitrajaya, Protasco, KLK, IOI Corp, Tenaga and Malakoff are also recommended. “Most of these stocks in the construction, REITs and gaming sectors are fairly insulated from the global economic slowdown as they are in mostly domestic-centric businesses,’’ said Vincent Khoo, head of research, UOBKayhian.
 
SMALL to mid cap stocks under the FBM70 are holding firm and selectively, there is potential for higher gains.

Within this list, Karex, IJM, Kulim, YTL Power, Sunway REIT, Berjaya Sports, WCT and IGB REIT are among some of the stocks in spotlight.

Why Karex? News that the Zika virus can be sexually transmitted may spur demand for condoms manufactured by Karex, said Pong Teng Siew, head of research, Inter-Pacific Securities.

Stocks in construction, plantations and utilities are under the radar of Chris Eng, head of research, Etiqa Insurance & Takaful. Within these categories, Mitrajaya, Protasco, KLK, IOI Corp, Tenaga and Malakoff are also recommended.

“Most of these stocks in the construction, REITs and gaming sectors are fairly insulated from the global economic slowdown as they are in mostly domestic-centric businesses,’’ said Vincent Khoo, head of research, UOBKayhian.

Hong Leong Industries is another overweight stock by UOBKayhian.

Magni-Tech has also been highlighted for its surprisingly strong earnings for the second quarter of financial year ending April 30, 2016. The company earned a revenue of RM197.3mil, giving it a profit of RM21.6mil and earnings per share (EPS) of 19.9 sen.

This compares with the previous second quarter where it recorded lower revenue of RM162mil, profit of RM8mil and EPS of 7.0 sen.

Commodities-related stocks could be the next to watch out for, said Danny Ng, CEO, Areca Capital.

Under this category, he favours IOI Corp, Sime Darby, KNM and Muhibbah for mediul to long-term exposure.

Problems in the Chinese economy may spill over to Singapore banks which could experience massive capital outflows if China comes down with a “hard landing,” said the Singapore Business Review, quoting Swiss billionaire investor Felix Zulauf.

Capital outflows

Zulauf expects capital outflows from China to continue, prompting regulators to further devalue the yuan.

When this happens, Asian economies which are heavily dependent on China, particularly Singapore, are likely to suffer as Chinese corporates will cut their imports while indebted Chinese companies are likely to be at greater risk of default.

“It is conceivable that Singapore, which has attracted a lot of foreign capital over the years because of its image as a strong currency state, will be extremely exposed to the situation in China.

Singapore’s banking sector loans have grown dramatically in the past five or six years,’’ Zulauf was quoted as saying. How will that impact Malaysian banks?

“Unless this oil price slump drags on for more than two years, I doubt if Malaysian banks will face similar issues,’’ said Pong, adding that there were no signs yet of oil and gas (O&G) related non-performing loans (NPLs) rising at local banks.

“I think local O&G players have reserves to see them through for a while,’’ said Pong.

But the suffering among O&G players may be prolonged for a period of time.

As long as oil price stays below US$50 per barrel, oil majors will still be losing money.

Services companies will be saddled with so many assets that they cannot make money and they will be bidding for jobs at below cost.

Singapore’s OCBC is concerned that all its net new NPLs last year were from the O&G segment.

Its NPLs, as a ratio to all loans, rose to 0.9% from 0.6% a year ago, said the Singapore Business Times (SBT).

The bank’s total oil-and-gas portfolio stood at S$12.4bil, or 6% of total customer loans.

Of this, 47% comprised loans to offshore support services.

This amounted to S$5.8bil in loans to these upstream companies, which are more vulnerable at a time of low oil prices.

“That 47% is under more stress than the remaining,” OCBC chief Samuel Tsien was quoted as saying.

Of these, 14% or just over S$800mil, have been classified as NPLs.

UOB’s outstanding loans to upstream industries made up S$3.8 billion or 49% of its S$7.7 billion in total O&G lending.

Its O&G lending accounted for 3.6% of total loans. UOB chief Wee Ee Cheong was quoted as saying, and that if oil prices stayed low, 20% of the bank’s S$12 billion O&G exposure may show weakness.

DBS said in its third-quarter results that S$9 billion of its O&G exposure, or 40% of the total S$22 billion, belonged to the support-services segment.

This is not directly comparable, since exposure goes beyond lending and includes off-balance sheet items, said SBT.

October-like rally?

Is the US stockmarket looking like last October which was a good month for stocks?

The minor upturn in the Dow Jones that began on Feb 12 may be the start of an October-like rally following an early-year free fall.

The S&P 500 is still down about 6% for the year, but it’s up nearly 5% since Feb 11, and panic selling from January seems to have subsided, said Rick Newman in Yahoo Finance.

What may be different now is the balance of factors within China that investors are looking at.

Last August when the US stockmarket plunged, markets in places like Shanghai and Shenzen were the primary focus, as a historic bubble appeared to be bursting.

Today, investors are focusing more on the yuan. There’s a parallel to the last fall in August, said Newman.

China allowed the value of the yuan to drop sharply against the dollar last August, surprising markets and contributing to the sell-off in Chinese shares.

The yuan then stabilised through the October rally.

The yuan’s value began to decline again in December, leveling out by late January. It has since strengthened slightly.

Oil is the other key variable. Super-low oil prices raise the risk of widespread defaults in the US energy industry, a problem that could spread to banks and other firms on the hook for billions in loans to energy firms.

Also, the relentless plunge in oil prices suggests there are weaknesses somewhere in the global economy that are worse than believed, said Newman.

West Texas crude prices hovered between US$45 and US$50 last fall, considerably higher than the US$32 range they’re in now.

But some analysts think oil has bottomed out and is poised to enjoy modest gains through the year.

If that’s true, an October rally may have begun a few days ago and be poised to carry into March and April, said Newman.

Columnist Yap Leng Kuen hopes the spiral effect from low oil prices and slowdown in China do not do too much harm to Asian banks.


Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #29 on: February 23, 2016, 10:12:53 AM »



Tuesday, 23 February 2016 | MYT 9:36 AM
AmInvestment sees 2016 as watershed year for MRCB






 AmInvestment said MRCB's transformation into a Bumiputera-controlled PLC will open up more construction/landbanking opportunities and expedite its NAV expansion. The proposed Bumiputera private placement is to conclude by end-2Q16.
AmInvestment said MRCB's transformation into a Bumiputera-controlled PLC will open up more construction/landbanking opportunities and expedite its NAV expansion. The proposed Bumiputera private placement is to conclude by end-2Q16.
 
KUALA LUMPUR: AmInvestment sees 2016 as a watershed year for Malaysian Resources Corp Bhd (MRCB) as it forges ahead with its restructuring efforts.

"We foresee more asset monetisation moves ahead, following the recent disposals of Menara Shell (RM650mil) and Sooka Sentral (RM91mil),” it said on Tuesday

AmInvestment said MRCB's transformation into a Bumiputera-controlled PLC will open up more construction/landbanking opportunities and expedite its NAV expansion. The proposed Bumiputera private placement is to conclude by end-2Q16.

Last year, MRCB secured a record of more than RM5bil worth of construction jobs and another RM607mil worth of fee based contracts. The latter will help nurture a re-profiling of MRCB’s orderbook via higher-value fee-income.

“Moreover, we expect MRCB to be at the forefront of several large-scale infrastructure projects under the 11th Malaysia Plan.

“This will include the upcoming MRT 2, Pan Borneo Expressway and more works under the Sg. Pahang river project. The imminent signing of the PDP contract for LRT 3 is another positive,” it said.

AmInvestment is retaining its Buy call on MRCB with a lower fair value of RM2 a share from RM2.05 a share.

This pegs the stock at a lower discount rate of 30% (from 35%) to reflect increasing prospects for MRCB to unlock its latent value and continued orderbook momentum.

Overall, MRCB’s FY15 results were below expectations. Core net profit was only RM1mil versus RM17mil in FY14.

The main drag came from (i) slower progress billings for key construction jobs; (ii) delays in property launches; and (iii) RM15mil upfront cost for the Sungai Pahang river project ahead of RM500mil worth of additional works under Phases 4-5 (letter of intent received).

“But, we expect sequential earnings to improve from 2H16 as work progress for 9 Seputeh and PJ Sentral improve along with maiden contributions from the LRT 3 project.

AmInvestment said new property sales fell to RM597mil in FY15 vs RM1.1bil in FY14.

However, it expected sales momentum should pick-up again this year via the crystallisation of bookings from The Grid @ Kia Ping (over 80% booking + sales to-date).

“New launches for the year include new phases for 9 Seputeh as well as affordable homes in Kajang and Bandar Seri Iskandar, Perak.

“MRCB’s key appeal is as a turnaround story; more value could be unlocked from its property and construction units. The former is well underway via the recycling of MRCB’s prime commercial assets into MQ REIT. To be sure, its net gearing has improved from 153% in FY14 to 127% in FY15 (FY13: 173%),” it said

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #30 on: February 23, 2016, 01:35:51 PM »



STOCKS ARE SOUTH BOUND, FOLLOWING U TURN AS “FRAGILE” CHINA COMES INTO PLAT AGAI
Our Reporter | February 23, 2016
download
Emerging-market stocks retreated from a six-week high as Chinese equities fell after the nation’s central bank weakened the yuan and crude oil resumed its decline.

The Shanghai Composite Index slipped from a one-month high amid concern a slowdown in the world’s second-largest economy hasn’t bottomed. Benchmark equities gauges in Jakarta, Manila and Hong Kong dropped, while those in Kuala Lumpur and Ho Chi Minh City advanced. The yuan declined after the People’s Bank of China lowered its daily reference rate by the most in six weeks. Malaysia’s ringgit, Indonesia’s rupiah and South Korea’s won strengthened and a gauge of developing-nation currencies held its overnight gains.

The first indicators for China’s economy this month signaled further weakness, highlighting the case for continued stimulus as the nation prepares to host finance chiefs and central bankers from the Group of 20 later this week. Oil futures in New York dropped after surging above $33 a barrel on Monday as the International Energy Agency said a global surplus will persist into next year and limit any chance of a short-term price rebound. (Bloomberg)

“China’s slowdown is yet to fully play out and markets are watching what policies will be rolled out to address that,” said Nescyn Presinede, trader at Manila-based Rizal Commercial Banking Corp., which manages $1.8 billion in trust assets. “The environment remains volatile with investors focused on oil prices.” She recommends selectively buying stocks on dips.

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #31 on: February 23, 2016, 04:04:10 PM »



CRUDE FALLS, STOCKS STALLS AND THE RINGGIT WALKS BACKWARDS
Our Reporter | February 23, 2016
Dreams-about-falling
Kuala Lumpur : It started strongly and the Ringgit managed to push the US Dollar down to RM4.16.
Then came fresh concerns that deeper issues need to be adressed by Beijing, and this was brought to the forefront by Beijing itself by fidling with the Yuan, which led to oil traders getting nervous and that turned bulls into bears in the equity markets.
Readers, should recall that Mystock118 had stated that China might actually devalue their currency.
Anyway, lower crude prices, added some selling pressure to the Ringgit pushing it to RM4.20 against the dollar

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #32 on: February 24, 2016, 09:50:47 AM »

MALAYSIA BACK IN FASHION, AS BLACKROCK AND TEMPLETON SAY THAT THE TIME TO LOOK A EMERGING DEBT IS NOW
Our Reporter | February 24, 2016
th1M4FV7ZD
Kuala Lumpur : Malaysia regained some lost mileage late yesterday, when BlackRock Inc, the World’s largest money manager and Franklin Templeton the fifth largest actively-managed fixed-income fund in the world said that the time is now to look into emerging marker debts.
“It is premature to say that the weather has totally cleared” for emerging-market bonds, Pablo Goldberg and Sergio Trigo Paz the BlackRock analyst wrote the report. “But with many of the market ‘negatives’ accounted for, it is time to concentrate on some of the ‘positives,’ which we see gaining strength as market drivers going forward.” they added.
In total Blackrock manages some US$4.6 trillion.
While opportunities are now “a lot narrower,” they are still available in countries such as Mexico, South Korea, Malaysia, Indonesia and the Philippines,” added Franklin Templeton’s Michael Hasenstab, who oversees $125 billion in assets.
He however added that he’s avoiding Turkey, Russia, Venezuela and South Africa


Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #33 on: February 25, 2016, 03:21:44 PM »



ONLY 20 PER CENT OF STOCKS ON BURSA UP AND OUR CI HAPPILY IN THE GREEN
Our Reporter | February 25, 2016
Kuala Lumpur: The recent volatility in the market has brought out two notable things about our composite index.
Our administratots have done an excellent job in restructuring the weightage of the KLCI in a way that is only go down reallly badly if government funds join foreign funds and sell heavily together.
The other notably thing about the KLCI is that it is now out of touch with the real world.
Currently only abour 20 per cent or 255 securities on Bursa are in the green, the broader Emas index was down about 10 pointd at 2.45 pm while the CI was flashing a green smile

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #34 on: February 26, 2016, 07:10:42 AM »



Concerns over declining oil prices drag KL shares lower
Posted on 25 February 2016 - 07:09pm
Last updated on 25 February 2016 - 07:52pm
Print
KUALA LUMPUR: Bursa Malaysia closed broadly lower Thursday on selling pressure prompted by concerns over declining crude oil prices which curbed investors' risk appetite, dealers said.

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed 9.1 points easier at 1,668.18 points from 1,677.28 points recorded on Wednesday. It opened 0.8 of a point higher at 1,664.97 points.

Selling was notable in oil and gas related bluechip stocks.

Among them, Petronas Chemicals fell 19 sen to RM6.86, Petronas Gas lost 50 sen to RM21.90, Petronas Dagangan erased 16 sen to RM29.94 and Sapura Kencana shed one sen to RM1.89.

Crude oil prices, which have been reeling from a supply glut the past two years, slipped in Asia trade to US$33.70 per barrel following the release of another record high crude oil inventory data.

"The fragile recovery in crude oil prices fanned worries over the health of the global economy," a dealer said.

On the scoreboard, the FBM Emas Index was 44.87 points weaker at 11,534.09, the FBMT100 Index fell 41.29 points to 11,235.5 and the FBM 70 lost 49.24 points to 12,858.18.

The FBM Emas Syariah Index gave up 60.15 points to 12,336.01 while the FBM Ace declined 28.11 points to 5,718.83.

Sector-wise, the Industrial Index trimmed 16.76 points to 3,227.71, the Finance Index erased 36.08 points to 13,962.04 and the Plantation Index decreased 53.03 points to 7,850.03.

Decliners outnumbered gainers 565 to 271, with 325 counters unchanged, 600 counters untraded and 85 others were suspended.

Volume advanced to 1.65 billion shares, worth RM1.86 billion, from 1.53 billion shares, valued at RM1.51 billion, traded on Wednesday.

Among heavyweights, Public Bank rose four sen to RM18.38 but Tenaga shed two sen to RM13.18 and IHH Healthcare was flat at RM6.53.

Meanwhile, Maybank, which posted favourable corporate earnings for 2015, closed one sen better at RM8.64 with 12.96 million shares traded.

Of actives, APFT eased two sen to RM7.5 sen, Genetec eased four sen to 16.5 while Nexgram was flat at 6.5 sen.

Main Market volume widened to 982.69 million units, worth RM1.75 billion, from yesterday's 949.47 million units valued at RM1.43 billion.

Turnover on the ACE Market rose to 493.64 million shares, valued at RM62.42 million, from 425.09 million shares, worth RM50.11 million, transacted yesterday.

Warrants expanded to 168.49 million units, worth RM38.56 million, from 143.26 million units, valued at RM29.3 million, traded on Wednesday.

Consumer products accounted for 85.01 million shares traded on the Main Market, industrial products (209.59 million), construction (50.02 million), trade and services (424.62 million), technology (24.51 million), infrastructure (10.15 million), SPAC (34.98 million), finance (44.97 million), hotels (879,200), properties (60.57 million), plantations (25.62 million), mining (nil), REITs (11.77 million) and closed/fund (8,000).

The physical price of gold as at 5pm stood at RM162.77 per gramme, up RM1.37 from RM161.40 at 5pm from yesterday. — Bernam

Offline ongchef

  • Marquess
  • ********
  • Posts: 15,837
Re: Spot KLCI Index
« Reply #35 on: February 26, 2016, 10:05:15 AM »
 :D :D :D...........these days no same shame yesteryears,ah pek wanna be king!!! :shake: :shake:............manyak panlai yi dao sang hai!!! :P :P :handshake: :handshake: :thumbsup:

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #36 on: February 28, 2016, 01:23:01 PM »



Saturday, 27 February 2016 16:52
Bursa to trade HIGHER next week on improved ringgit, oil prices
font size  decrease font size  increase font size Cetak E-mel Komentar (0)
Rate this item1 2 3 4 5 (0 votes)

 
 Bursa to trade HIGHER next week on improved ringgit, oil prices
KUALA LUMPUR - Bursa Malaysia is expected to continue its upward momentum into next week, driven by an improved ringgit and rising crude oil prices, said Affin Hwang Investment Bank Vice-President and Retail Research Head Datuk Dr Nazri Khan Adam Khan.

He said the potential for stimulus measures by foreign Central Banks and the absence of any US Federal Reserve interest rate hike would also influence the local bourse next week.

"Despite a big drop on the China's Shanghai Stock Market and 'Britain Exit European Union' (BREXIT) fears, we expect the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to remain steady and trend higher.

"With the underlying trend of a strengthening ringgit and crude oil prices, we sense a good buy investment strategy now, especially on emerging trading interest in plantation and oil and gas stocks," he told Bernama.

The ringgit closed higher at 4.2010/2070 against the US dollar on Friday, from the 4.2160/2230 registered on Thursday.

On a weekly basis, the FBM KLCI finished 11.44 points lower at 1,663.44, mostly weighed on by the movement of crude oil prices.

The index reversed its losses recorded on Wednesday and Thursday in ending the week marginally higher, as oil prices recovered from an early weakness with markets looking towards a meeting of the major producers next month.

The key Brent Crude settled at US$35.29 a barrel, up 2.6 per cent, while the US West Texas Intermediate was 2.8 per cent higher at US$33.05.

It was a volatile week for oil prices as comments from various Organisation of the Petroleum Exporting Countries (OPEC) officials fuelled market speculation that oil producers would not respect the agreement to freeze output as proposed by Saudi Arabia and Russia.

Meanwhile, the FBM Emas Index fell 81.54 points to 11,540.64, the FBMT100 Index depreciated 74.52 points to 11,245.43 and the FBM Emas Shariah Index dropped 152.29 points to 12,310.18.

The FBM 70 gave up 74.41 points for 12,776.12, and the FBM Ace eased 92.42 points to 5,690.6.

On a sectoral basis, the Plantation Index decreased 87.49 points to 7,837.09 and the Industrial Index lost 64.14 points to 3,249.47.But, the Finance Index rose 42.05 points to 14,028.51.

Weekly turnover was marginally higher at 8.39 billion units worth RM8.76 billion from 8.36 billion units worth RM8.76 billion last week.

Main market volume slipped to 5.39 billion shares valued at 8.25 billion, from 5.82 billion shares valued at 8.28 billion.

Warrants turnover shrank to 866.76 million units worth RM180.39 million, from 1.01 billion units worth RM190.01 million.

The ACE market surged to 2.12 billion shares worth RM302.42 million from 1.52 billion shares worth RM296.45 million.

-- BERNAM



Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=611607:bursa-to-trade-higher-next-week-on-improved-ringgit-oil-prices&Itemid=3#ixzz41R6CgSOz
Follow us: @MsiaChronicle on Twitter

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #37 on: February 28, 2016, 05:56:12 PM »



财经  2016年02月28日 | 记者:林嘉灯
马股料横摆盘整

马股料横摆盘整

在过去的一周,全球股市动向紧贴国际原油价格走势,富时大马综合指数也隨之波动,大部份时间呈跌。展望本週,市场人士认为,油价將继续主导全球市场走势,马股预计將在现有水平盘整。

按周比较,富时综合指数从前周的1674.88点,下滑11.44点或0.68%,至1663.44点。全周成交量从前周的83亿5701万股,微跌0.36%,至83亿2672万股;成交值则持稳在87亿6077令吉,前周为87亿6378万令吉。

油价主导股市

JF艾毕斯证券研究主管李忠正和抽佣经纪卢文豪皆表示,国际原油价格近日窄幅上下,波及全球股市,综指也无法独善其身,相信油价仍旧会主导本周全球股市的走向。

他们也认为,过去一周是企业公佈业绩的高峰期,但企业大致上均呈交差强人意的2015年末季业绩,难以支撑综指走向。因此,预料综指本周將陷入横摆或盘整局面。

李忠正补充说,虽然有小部份的30大成份股走高,惟跌多起少,综指因此横摆。

「再者,就算企业业绩带动股价上涨,但大多数已开始回软,並遭到套利。」

对于美联储將在3月召开今年第2次的货幣政策会议,李忠正预计,美联储对升息议题料维持现状,因为考虑到上半年中国经济放缓和该局曾在货幣政策议程暗示升息机率不大。

有鉴于此,市场人士皆认为,美联储升息不会衝击马股走势。

技术面而言,抽佣经纪卢文豪表示,从过去一周的观察,马股始终冲不破象徵长期走势荣枯分水岭200天移动平均线。

1680关键阻力

「马股上周走势仍在200天平均移动线下方徘徊,因此本周股市走势將看跌。」

本周,廖志豪將阻力水平设在1680点和1686点,而扶持水平则有1638.5点和1660点。廖氏称,1680点是非常关键的阻力水平,主要是其接近200天移动平均线。

同时,李忠正將扶持水平设在1650点,阻力水平为1685点;卢文豪的扶持水平和阻力水平,各设在1635点和1680点。

在投资策略方面,隨著各大企业陆续发布去年末季业绩,李忠正表示,投资者可以考虑买进週息率较高的股项。

同时,卢文豪也建议投资者,可以研究企业业绩和前景发展,著重基本面强劲的公司。

至于廖志豪则认为,目前市况相当波动,因此建议投资者场外观望

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #38 on: February 28, 2016, 05:57:37 PM »



财经  2016年02月28日 | 记者:林嘉灯
马股料横摆盘整

马股料横摆盘整

在过去的一周,全球股市动向紧贴国际原油价格走势,富时大马综合指数也隨之波动,大部份时间呈跌。展望本週,市场人士认为,油价將继续主导全球市场走势,马股预计將在现有水平盘整。

按周比较,富时综合指数从前周的1674.88点,下滑11.44点或0.68%,至1663.44点。全周成交量从前周的83亿5701万股,微跌0.36%,至83亿2672万股;成交值则持稳在87亿6077令吉,前周为87亿6378万令吉。

油价主导股市

JF艾毕斯证券研究主管李忠正和抽佣经纪卢文豪皆表示,国际原油价格近日窄幅上下,波及全球股市,综指也无法独善其身,相信油价仍旧会主导本周全球股市的走向。

他们也认为,过去一周是企业公佈业绩的高峰期,但企业大致上均呈交差强人意的2015年末季业绩,难以支撑综指走向。因此,预料综指本周將陷入横摆或盘整局面。

李忠正补充说,虽然有小部份的30大成份股走高,惟跌多起少,综指因此横摆。

「再者,就算企业业绩带动股价上涨,但大多数已开始回软,並遭到套利。」

对于美联储將在3月召开今年第2次的货幣政策会议,李忠正预计,美联储对升息议题料维持现状,因为考虑到上半年中国经济放缓和该局曾在货幣政策议程暗示升息机率不大。

有鉴于此,市场人士皆认为,美联储升息不会衝击马股走势。

技术面而言,抽佣经纪卢文豪表示,从过去一周的观察,马股始终冲不破象徵长期走势荣枯分水岭200天移动平均线。

1680关键阻力

「马股上周走势仍在200天平均移动线下方徘徊,因此本周股市走势將看跌。」

本周,廖志豪將阻力水平设在1680点和1686点,而扶持水平则有1638.5点和1660点。廖氏称,1680点是非常关键的阻力水平,主要是其接近200天移动平均线。

同时,李忠正將扶持水平设在1650点,阻力水平为1685点;卢文豪的扶持水平和阻力水平,各设在1635点和1680点。

在投资策略方面,隨著各大企业陆续发布去年末季业绩,李忠正表示,投资者可以考虑买进週息率较高的股项。

同时,卢文豪也建议投资者,可以研究企业业绩和前景发展,著重基本面强劲的公司。

至于廖志豪则认为,目前市况相当波动,因此建议投资者场外观望

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #39 on: February 28, 2016, 09:29:43 PM »



RHM集团创办人兼总裁 张家杰病逝得年45岁
即时新闻
28/02/201618:50


(槟城28日讯)我国著名创业家张家杰,昨晚8时许传来血癌逝世噩耗,得年45岁!

张家杰灵堂将从明天(周一)下午设在吉隆坡新街场富贵纪念馆,並在周五上午11时举殡。

张家杰是霹雳州金宝人,RHM集团创办人兼总裁,2009年获颁“世界杰出青年华商”奖和“马来西亚2009安永企业家奖”。

他曾任中国广东省侨联青年委员会第一届及第二届委员会常委,成功主导英国伦敦证交所上市公司RHM集团与中国方正集团旗下马来西亚上市公司方正公司(PUC)合并,成功带领RHM集团成为英国伦敦证交所挂牌亚洲企业中股票交易量第二大企业。

报界人士对张家杰并不陌生,因为方正集团在马来西亚初期的业务是售卖报纸编辑系统,各大华文报是方正的客户。


张家杰1978年至1984年就读于金宝中华小学,1984年至1989年就读于槟城锺灵中学,并于1992年进入马来西亚博特拉大学攻读电脑资讯专业。

1994年成立了首家公司思维电脑与软件(马)有限公司。在1996年受邀成为马来西亚雪兰莪州政府经济行动理事会常务委员,协助推动雪兰莪州的工业、投资与发展建设,并于1999年获颁雪州苏丹陛下授予的SMS勋衔。

2000年,张家杰受聘为南洋报业集团旗下南洋线上有限公司首席执行长,负责开拓互联网上业务。2004年,张家杰以管理层收购方式成立RHM集团,并创立RHM AxChange商业模式。

这一商业模式使得弘悦媒体(Redhot Media Sdn Bhd)在2005年获得APICTA亚太区ICT大奖,并在2007年荣获德勤亚太区高科技高成长500强企业奖。

2008年09月26日,RHM集团在英国伦敦证券交易所正式挂牌上市,随后展开积极的并购活动,被评估为伦敦证券交易所上市企业2008年度综合排名中位列第七。

2012年4月,RHM正式向大马证券交易所申请反向并购大马方正的申请。

集团重点发展的“AxChange Interactive Media”互动媒体营销平台项目,也获得了大马科技部基金的全力支持。#

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #40 on: February 28, 2016, 09:52:50 PM »



星洲网首頁 > 財經 > 評論
清盤回退是較好選擇?
2016-02-28 19:59     

 
CLIQ能源(CLIQ,5234,主板特別併購組)是首家在3年內收購合格油氣資產無功而返的特別併購公司,它遵照條例進行清盤退款給股東,使市場對其餘同組公司未來前景深表關注。
CLIQ收購資產失敗告終,主要是其收購計劃未能獲得證券監督委員會的批准通過,並在證監會不同意延長其收購計劃截止日期情況下,惟有打道回府進行清盤,將資金回退給股東。
根據證券監督委員會的條例,特別併購公司需在3年時間內,成功注入符合資格的業務,否則將進行清盤,償還大部份款額予股東。
若是3年時間內成功收購業務,仍得召開股東特別大會,尋求小股東的批准,且管理層無權投票。若無法在期限內完成收購,有關公司將90%存進信托戶口的投資額,加上利息回退給投資者。
CLIQ的原定計劃,是要在3年裡收購合格的油氣資產,眾所周知,過去一年半以來,全球油氣業出現重大變化,國際原油價格從2014年中的最高峰──每桶逾140美元,崩跌至目前約30美元水平,使許多油氣活動變得不可行,相信是CLIQ的收購計劃未能獲得證監會批准通過主因。
隨著油氣業出現天翻地覆的變化,全球油氣業哀鴻遍野,許多油氣工程計劃在低油價下變得不可行,加上該行業很難取得銀行的支助與融資,相信也是該公司甘願放棄收購計劃而將資金回退股東個中原因。不久前,該公司的投行顧問公司打退堂鼓,退出擔任顧問一職即可見一斑。
基於上述同樣原因,另外兩隻也是以收購油氣資產的特別併購公司包括REACH能源(REACH,5256,主板特別併購組)及SONA石油(SONA,5241,主板特別併購組)是否會步CLIQ後塵,或是成功以偏低價格買到便宜石油資產,相信在3年期限之前就有答案。
無論這兩家特別併購公司最後併購資產的結果如何,惟市場對它們都特別謹慎與給予密切關注;舉個例子,收購期限將在2016年7月30日到期的SONA石油,它目前的市價38.5仙,比其約3年前的50仙發售價,足足折價23%,比其信托戶頭存有90%資金的10%折價還高,在在顯示投資者甘願以較高折價退場。
以目前時勢來看,原本計劃要收購合格油氣資產的特別併購公司,若像CLIQ退出收購回退資金給股東,從某個角度來看可能是較好選擇,若是為收購而收購,買到無利可圖甚至蒙虧的資產,到時股價的折價可能比10%或23%還要來得高,股東將虧損更多而欲哭無淚!(星洲日報/投資致富‧投資茶室‧文:李文龍


點看全文: http://biz.sinchew.com.my/node/132056#ixzz41TARJxj8
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #41 on: February 29, 2016, 06:37:14 AM »



FGV to buy 55% of Chinese edible oils firm
Posted on 29 February 2016 - 05:37am
Print
PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) proposes to acquire a 55% stake in Zhong Ling Nutril-Oil Holdings Ltd from Zhong Hai Investment Holdings Ltd and other vendors for RM976.25 million.

In a filing with Bursa Malaysia, FGV said it had entered into two conditional sale and purchase agreements with the vendors for the transfer of 26.4% and 28.6% equity interest in Zhong Ling for RM537.05 million and RM439.2 million respectively.

Based on the audited consolidated financial statements for the financial year ended Dec 31, 2013, the profit after tax and minority interest and net assets of Zhong Ling are about RM144.4 million and RM573.6 million respectively.

Zhong Ling is involved in the production of edible peanut and vegetable oil and wholesale of edible oil-related pre-packaged food, among others.

FGV said the purchase consideration is intended to be funded by internal cash and/or external borrowings.

It noted that the proposed acquisition is in line with its global strategic blueprint of increasing the downstream capabilities in destination markets.

“The proposed acquisition is expected to expand FGV’s oils and fats capabilities in China, effectively managing FGV’s global products flow,” it said.

Besides that, FGV is also expected to benefit from future growth in sales and distribution networks, particularly coming from Zhong Ling’s newly established operations in the province of Jiangsu

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #42 on: February 29, 2016, 06:38:48 AM »



Analysts cut DRB-Hicom’s forecasts
Posted on 29 February 2016 - 05:37am
Eva Yeong
sunbiz@thesundaily.com
Print
PETALING JAYA: Analysts have revised downwards their earnings projections for DRB-Hicom Bhd following its announcement of a RM185.3 million net loss for the third quarter ended Dec 31, 2015 due to weaker performance in its automotive business.

Hong Leong Investment Bank (HLIB) Research cut its earnings forecasts for financial years ending March 31, 2016 (FY16), 2017 (FY17) and 2018 (FY18) by 272.6%, 56.7% and 30.4% respectively, after factoring in lower margins for the automotive division due to higher input and operational costs.

“We have lowered our target price to RM1.05 (from RM1.45) based on SOP, after adjusting for lower earnings and higher discount rate of 35% (from 20%) due to execution risks,” it said in its report last Friday.

HLIB Research, which downgraded DRB-Hicom to a “hold” call, said negative factors affecting its rating for the group include tighter financing rules, weakened consumer sentiment, weakening of the ringgit and intense competition from rival automotive marques.

However, positive factors include the restructuring of Proton and Lotus, setting up of a regional hub in Malaysia by partnering the Volkswagen group and the setting up of a regional hub by Honda Malaysia for its hybrid car.

It also noted DRB-Hicom Defence Technologies Sdn Bhd’s seven-year contract from the Defence Ministry worth RM7.55 billion as well as synergy of Pos Malaysia Bhd with the group’s other business units.

HLIB Research said the group’s third quarter net loss was due to lower than expected sales volume for the automotive segment, especially Proton, and average pricing caused by higher discounts offered to boost car sales volume and pricing pressure on the manufacturing sector. The group also saw lower contributions from Muamalat.

“The weakened consumer sentiments affecting car demand has forced the industry to be more competitive for sales, which resulted in higher sales and distribution expenses while the ringgit depreciation has affected the input costs for the automotive sector. Proton is banking on new launch of Perdana, Persona and Saga in 2016 to improve group performance,” it said.

Meanwhile, PublicInvest Research has maintained its “outperform” call on the stock with a lower target price of RM1.39 from RM1.55 previously, after adjusting its earnings estimate for the automotive segment.

“We believe the current challenging economic environment and weaker consumer sentiment will negatively affect the performance of DRB-Hicom. Nevertheless, DRB-Hicom has various valuable assets embedded within the group, which can be unlocked and monetised when the opportunity arises for example the recent proposal to dispose of The Verge in Singapore,” it said in its report.

It noted that the property, asset and construction division also suffered losses but the services segment remains stable with a pre-tax profit of RM55.3 million during the quarter.

“Year-to-date 9MFY16 revenue remains stable (-5.7% year-on-year) despite the absence of insurance businesses. Excluding insurance contribution in FY15, revenue in services businesses slightly increased by 1.8% year-on-year,” it said.

The property, asset and construction division posted a pre-tax loss of RM5.1 million during the quarter due to lower contribution from ongoing property development projects mainly from Glenmarie Garden.

“The company expects to strengthen its integrated logistic businesses in future to mitigate the margin compression from the competitive automotive sector,” it added

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #43 on: February 29, 2016, 06:40:42 AM »


星洲网首頁 > 財經 > 評論
清盤回退是較好選擇?
2016-02-28 19:59     

 
CLIQ能源(CLIQ,5234,主板特別併購組)是首家在3年內收購合格油氣資產無功而返的特別併購公司,它遵照條例進行清盤退款給股東,使市場對其餘同組公司未來前景深表關注。
CLIQ收購資產失敗告終,主要是其收購計劃未能獲得證券監督委員會的批准通過,並在證監會不同意延長其收購計劃截止日期情況下,惟有打道回府進行清盤,將資金回退給股東。
根據證券監督委員會的條例,特別併購公司需在3年時間內,成功注入符合資格的業務,否則將進行清盤,償還大部份款額予股東。
若是3年時間內成功收購業務,仍得召開股東特別大會,尋求小股東的批准,且管理層無權投票。若無法在期限內完成收購,有關公司將90%存進信托戶口的投資額,加上利息回退給投資者。
CLIQ的原定計劃,是要在3年裡收購合格的油氣資產,眾所周知,過去一年半以來,全球油氣業出現重大變化,國際原油價格從2014年中的最高峰──每桶逾140美元,崩跌至目前約30美元水平,使許多油氣活動變得不可行,相信是CLIQ的收購計劃未能獲得證監會批准通過主因。
隨著油氣業出現天翻地覆的變化,全球油氣業哀鴻遍野,許多油氣工程計劃在低油價下變得不可行,加上該行業很難取得銀行的支助與融資,相信也是該公司甘願放棄收購計劃而將資金回退股東個中原因。不久前,該公司的投行顧問公司打退堂鼓,退出擔任顧問一職即可見一斑。
基於上述同樣原因,另外兩隻也是以收購油氣資產的特別併購公司包括REACH能源(REACH,5256,主板特別併購組)及SONA石油(SONA,5241,主板特別併購組)是否會步CLIQ後塵,或是成功以偏低價格買到便宜石油資產,相信在3年期限之前就有答案。
無論這兩家特別併購公司最後併購資產的結果如何,惟市場對它們都特別謹慎與給予密切關注;舉個例子,收購期限將在2016年7月30日到期的SONA石油,它目前的市價38.5仙,比其約3年前的50仙發售價,足足折價23%,比其信托戶頭存有90%資金的10%折價還高,在在顯示投資者甘願以較高折價退場。
以目前時勢來看,原本計劃要收購合格油氣資產的特別併購公司,若像CLIQ退出收購回退資金給股東,從某個角度來看可能是較好選擇,若是為收購而收購,買到無利可圖甚至蒙虧的資產,到時股價的折價可能比10%或23%還要來得高,股東將虧損更多而欲哭無淚!(星洲日報/投資致富‧投資茶室‧文:李文龍


點看全文: http://biz.sinchew.com.my/node/132056#ixzz41TARJxj8
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook


Exact distribution sum known only after liquidation, says CLIQ Energy
Posted on 29 February 2016 - 05:37am
Print
PETALING JAYA: CLIQ Energy Bhd said it is unable to determine the exact distribution sum to its shareholders as the liquidation process has yet to commence following its failed bid to secure more time from the Securities Commission to complete its qualifying asset acquisition.

In response to Bursa Malaysia’s query, the special purpose acquisition company said it is in the process of soliciting proposals from selected reputable liquidators to undertake the liquidation process in the most efficient and cost effective manner.

“The process of soliciting will take approximately one week and thereafter the company will make a further announcement,” it noted.

It said the expenses related to liquidation distribution is pending estimation and can only be finalised upon appointment of liquidators after April 9, 2016, which is the deadline for the acquisition.

“Hence the company is unable to provide the exact amount on a per share basis that the entitled shareholders will receive,” it explained.

As at Feb 12, 2016, the amount held in the trust is RM355.72 million.

The warrants, however, do not have any entitlement to the funds held in the trust account upon liquidation.

CLIQ Energy had said the liquidation of its assets will result in shareholders receiving a smaller liquidation distribution compared with its issue price due to the expenses incurred as well as the anticipated costs of identifying the qualifying acquisition.

It had proposed to acquire two oil field blocks in Kazakhstan, for US$110 million (RM455 million).

This was, however, rejected by the SC in January due to incomplete information submissions.

CLIQ Energy shares and warrants were unchanged at 69 sen and 0.5 sen respectively last Friday

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #44 on: February 29, 2016, 08:45:04 AM »



G20 BOOST ASIAN STOCKS
Our Reporter | February 29, 2016
boost-juice-logo
Markets seemed to welcome the Group of 20’s commitment to do more to boost growth, with Australian equities and Japanese index futures rising amid a pull back in gold and government debt. The yen rallied after Japan’s currency and monetary policy were singled out as a source of concern by some ministers at the meeting.
Shares in Sydney and Wellington opened higher Monday, and futures on Japan’s Nikkei 225 Stock Average were bid up in the Osaka pre-market, despite the rebound in the yen. New Zealand’s dollar dropped for a second day after data showed the turmoil in global markets this year has hit business confidence and building permits fell for the first time in four months. Australian and New Zealand government bonds declined as gold extended losses into a second session. U.S. crude oil fell with Brent, trading below $33 a barrel.

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #45 on: February 29, 2016, 09:53:04 AM »



NIKKEI NEARS BREAK OUT FROM NO MAN’S LAND , AS DOLLAR HAMMERS RINGGIT TO RM4.22
Our Reporter | February 29, 2016
nearly_there
Kuala Lumpur : Nikkei 225 nearl breaks out from the 6000 point to 164500 point level, which is called no man’s land because at between those level, it is hard for chartist to accurately predict the future movement’s of the index.
The Nikkei is now up by 250 points to 16450 points.
Meanwhile , the dollars gains some more to bring the Ringgit to US dollar conversion tp RM4.22 a share

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #46 on: February 29, 2016, 09:31:56 PM »



2016年02月29日 | 记者:陈琪梅
2月企稳 马股3月料续横摆

(吉隆坡29日讯)在油价回升及关联机构扶盘下,马股在2月份稍微回稳,按月微跌0.78%。然而,市场人士认为,由於缺乏利好因素,而企业业绩未有优异表现,无法吸引资金回流股市,因此,大马富时综合指数3月份料继续横摆。

亚洲区域股市过去一个月表现起落参半,当中表现最为优异的是台湾加权指数,按月上涨4.09%,至8411.16点,不过,週一假期休市一天。
排在第二的是印尼雅加达指数,上升3.32%至4768.46点。而日本东京日经指数则是表现最差的股市,按月大跌8.51%,收报16026.76点。

综指在区域股市当中表现不温不火,按月微跌13.05点或0.78%,以1653.95点掛收。

过去一个月內,由於农历新年蒞临,使得马股交投相对淡静,而受到俄罗斯及多个石油主要生產国冻结石油產量的消息刺激,带动国际油价从每桶30美元以下反弹。截至週一下午5时,布伦特原油期货回升至每桶35.11美元。此外,2015財政年末季业绩季节亦已结束,成绩未为市场捎来惊喜。

Areca资本首席执行员黄德明受询时指出,2月的综指走势较1月而言更为平稳,原因是新年使得交投量减少、油价回升,以及业绩表现符合预期,因此支撑当月表现。

而抽佣经何业万则认为,过去一个月主要是由政府关联基金扶持马股走势,「外资不断撤走之际,公积金局(EPF)则持续买进,是扶持马股的主力。」

缺乏利好因素

展望3月份马股走势,他认为若没有重大的不利因素出现,如英国脱离欧盟、中国企业贷款过高等消息,则相信马股可持续保持横摆格局。而目前仍未预见任何的利好因素。

「现在主要让市场自行调整,若外资持续拋售,马股仍难以回升。」

黄德明则认为,下个月马股走势主要仍看油价走势,以及中国股市表现。此外,砂拉越选举亦是影响股市走向的因素之一。

他补充,目前原棕油价格已有回升,若厄尔尼诺效应持续2、3个月,则原棕油价格的升势可以持续。「由於种植股占综指的比重较高,因此,若种植股走高將对综指表现有利。」

另一方面,即將在3月18日记19日进行的美联储公开市场委员会会议,也是影响市场情绪的因素之一。惟上週五出炉的美国经济数据优於预期,再次引发市场对於美国进一步升息的猜测。不过,黄德明认为,美联储升息的机率不高,今年最多会升息2次,少於去年市场预期的4次。

就刚出炉的末季业绩,何业万认为,「出口公司表现较好,而一些油气领域的则陷入亏损。」不过,他认为,即使是一些表现较好的公司,亦难以带动股市回升,原因是目前投资者的交易更为谨慎小心。

对此,黄德明则说,虽然部份业绩表现优异的公司,可短暂走高,不过,涨势不会持久。

他相信,消费税(GST)的影响將在数个月內將完全消化,因为消费税前囤积的货物已用完,是重新开始消费的时后。「同样的,在股市方面,预计在2、3个月內將保持波动,不过,下半年料回稳。若在这段时间內股市大跌,投资者可考虑买进。」

而他也表示,油价因为供应过剩,短期將低迷。不过,由於许多油企已减少资本投资,因此下半年原油產量相信將会减少,并刺激油价回到40至50美元水平

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #47 on: February 29, 2016, 09:33:35 PM »



财经  2016年02月29日
4利好吸引外资回流 马股今年上看1800

(吉隆坡29日讯)友邦退休金及资產管理有限公司(APAM)总经理黄志豪预测,马股在今年可上探1800点。

他表示,目前处於1654点的大马股市已被低估,加上各项利好因素支撑,包括令吉兑美元走高、原油和原產品价格料將反弹下,料可吸引外资重返大马股市並推高马股表现。

黄志豪在出席友邦集团主办的亚洲以及大马的投资、退休趋势和展望向媒体发表上述谈话。

他表示,基于看好大马综指可走高,加上马股的股价对账面价值已遭到低估,现在是不错的入场时机。「令吉兑美元近期已持稳,並预期在今年內將上升至3.95令吉水平,而原油价格估计在2016年和2017年可分別重返每桶44美元以及56美元,这都將有助于恢復投资者的信心。」

他补充说,在动盪的环境中,马股估值水平较区域股市低以及抗跌性高是受到外资青睞的主因。「外资占马股的比率已接近22%的新低水平,所以外资隨时重返大马市场。」

他也透露,建筑领域可在政府推动多宗大型基础建设发展下受惠。同时,他也看好发展可负担房產的发展公司、受惠于原油价格低企的航空领域以及拥有长期订单在手的油气公司。

另一方面,黄志豪预计,大马友邦退休及资產管理有限公司旗下总管理资產(AUM)之一--私人退休计划(PRS)所管理资產將按年增长4000万令吉,至1亿7500万令吉,前期为1亿3500万令吉。而总管理资產將从2015年的3亿2000万令吉上升25%,至4亿令吉。

他表示,私人退休计划旗下管理4项基金。其中,在去年有超过半数的资金流入温和基金。该项资金的资金分配比例分別为6成股市4成固定收益。

「投资者主要在去年下半年,適逢大马经济下滑以及动盪时,选择了温和基金,这也在一定程度上反映出投资者对大马股市的信心。」

温和基金去年的的回报率高达6.4%,管理总额达1850万令吉。自友邦集团退休金和资產管理的私人退休计划总管理资產在2013年5月份成立以来,其成长率高达273%,高过同业成长的63%。

友邦集团首席投资员康礼贤博士表示,大马人口预计在2040年將达到3860万人,但人口成长率將逐渐放缓,从2010年的1.8%下跌至2040年的0.6%,届时,大马也將面对人口老化的问题。

康礼贤认为,大马人对退休后生活的计划还有待改进

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #48 on: March 01, 2016, 08:40:37 AM »



CAN THE FIRE MONKEY DO IT ONE MORE TIME?
Our Reporter | March 1, 2016
20160301_024956-1
Kuala Lumpur :Today is the maiden trading day for March,a month that is normally very predictible , with no really big declines or gains for the taking.
The March market opens strong, though it tappers off in the last few days of the month.
A recent research done on London’s FTSE exchange shows that since 1981 till 2015, 59 per cent of the time equities have closed higher in March.
The first day of March is also the start of spring, which means flowers will blossom, and the length of day light will be more than that of darkness.
In a sence its a new begining, even for those who have not done well in the stock market.
Stay invested according to risk ratios, dont give up, keep planning and planning and do your research before buying, and who knows after all that hard work, perhaps the fire monkey will do it again, one more time.
If the Fire Monkey can deliver, MyStock 118 is sure that Malaysia, China and the rest of the world will cheer the Fire Monkey all the way to the next lunar year.
Do what you may ask? Well the last time the Fire Monkey got to see March was in 1956.
On,the 12th day of March 1956, The Fire Monkey worked his magic all the way to the record books.
The Dow Jones Industrial Average, which was then on its 60th year, closed at a numerical number unseen before that.
On March 12 1956, for the first time the Dow Jones had traded at the 500 point level and also for the first time it had surpassed the 500 point level, when the grand old lady closed at 500.24 points

Online king

  • King
  • ***********
  • Posts: 74,283
Re: Spot KLCI Index
« Reply #49 on: March 01, 2016, 08:41:15 AM »


CAN THE FIRE MONKEY DO IT ONE MORE TIME?
Our Reporter | March 1, 2016
20160301_024956-1
Kuala Lumpur :Today is the maiden trading day for March,a month that is normally very predictible , with no really big declines or gains for the taking.
The March market opens strong, though it tappers off in the last few days of the month.
A recent research done on London’s FTSE exchange shows that since 1981 till 2015, 59 per cent of the time equities have closed higher in March.
The first day of March is also the start of spring, which means flowers will blossom, and the length of day light will be more than that of darkness.
In a sence its a new begining, even for those who have not done well in the stock market.
Stay invested according to risk ratios, dont give up, keep planning and planning and do your research before buying, and who knows after all that hard work, perhaps the fire monkey will do it again, one more time.
If the Fire Monkey can deliver, MyStock 118 is sure that Malaysia, China and the rest of the world will cheer the Fire Monkey all the way to the next lunar year.
Do what you may ask? Well the last time the Fire Monkey got to see March was in 1956.
On,the 12th day of March 1956, The Fire Monkey worked his magic all the way to the record books.
The Dow Jones Industrial Average, which was then on its 60th year, closed at a numerical number unseen before that.
On March 12 1956, for the first time the Dow Jones had traded at the 500 point level and also for the first time it had surpassed the 500 point level, when the grand old lady closed at 500.24 points