Author Topic: Spot KLCI Index  (Read 289738 times)

Online king

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Re: Spot KLCI Index
« Reply #100 on: April 02, 2016, 10:42:29 AM »



外资3月净买入马股 中国资金影响外储走势
1MDB风暴 财经新闻 财经 焦点新闻  2016-04-02 09:56

 

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(吉隆坡1日讯)马银行投行经济学家认为,我国外汇储备金的走势,某程度上会受到“中国相关资金流”的影响。
截至3月15日,我国的外汇储备金从956亿美元(约4105亿令吉),扬至961亿美元(约4123亿令吉),受惠于外资积极购买马股。
3月迄今,外资是马股的净买家,共净买入39亿令吉的股票,是自2013年4月的新高。
外资是在上个月开始,转为马股的净买家,此前,则是连续3个月净卖。
目前,外资买进的势头依旧持续,且在3月的前半个月走强。
至于债券方面,外资则是在过去6个月以来,首次在2月成为净卖家,主要是因为外资净卖出贴现债券,意味着债券投资者在令吉兑美元走强之际,展开套利活动。
不过,外资仍是大马政府债券(MGS)的净买家,因投资者正在市场寻求收益,特别是在主要经济体的主权债券收益低迷、滑落或负面之际。
根据研究指标,外资仍对大马政府债券有需求,且在令吉走稳的3月,一直购买大马债券。
中国央行加码大马国债券
在观察资金流时,经济学家密切关注與中国央行相关的新闻,相信这会影响大马的外汇储备金发展。
去年11月,中国总理李克强宣佈,中国人民银行将买入更多大马的政府债券。
1MDB重组关键推手
值得注意的是,中国公司乃是一个马来西亚发展有限公司(1MDB)重组之路的关键推手,其中包括中国广核集团(CGN)出價98.3亿令吉,收购1MDB旗下的Edra全球能源电力资产。
而1MDB旗下大马城的60%股权,也以74.1亿令吉,卖给了由依斯干达海滨控股(Iskandar Waterfront Holdings,简称IWH)和中国中铁股份有限公司(CREC)组成的财团IWH-CREC私人有限公司。
不仅如此,中国中铁也将投入81.3亿令吉资金,在大马城兴建综合广场,並选择在当地设立亚太区域办公室。
这项目是大马城首阶段30%的项目,预计明年动工。
另一边厢,泰国内阁也批准更改条例,允许泰国央行将外汇储备,投资在外国股票。
经济学家预计,泰国央行有可能会先将3至4%的储备金,投资在與股票指数相关的股票與基金。

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Re: Spot KLCI Index
« Reply #101 on: April 04, 2016, 07:18:12 AM »



 上则新闻
遭撞后逃 妇女重伤毙命
下则新闻
MRT2合约陆续出笼 建筑股万眾瞩目
财经  2016年04月03日 | 记者:陈琪梅
好坏因素角力 马股料陷横摆

好坏因素角力 马股料陷横摆

令吉回稳以及外资回流支撑马股上週走高,不过由于橱窗粉饰效应落幕,因此在3月最后一个交易日有回落跡象。在4月份第一週,马股料在外资买进及本地机构卖出的利弊夹攻下,陷入横摆格局。

按周比较,富时综合指数从前周的1703.79点上扬0.40%或6.76点,至1710.55点。全周成交量从94亿7939万股下滑12.17%,至83亿2594万股;成交值从104亿零404万令吉,下跌3.19%,至100亿7224万令吉。

英特太平洋证券研究主管冯廷秀在接受《东方投资》电访时表示,令吉持续走高的原因主要是外资回巢,以及投资者寄望美元凭藉美联储升息的因素走强,但却落空所致。

冯廷秀解释道,「本地机构拋售的原因,主要是先前对企业业绩期许过高,因此,在出炉后让市场顿感失望,进而拋售。」

另外,他补充,外资早前过度拋售,因此,目前的马股在他们的评价已从「减持」回升至「中和」水平,市场在接下来可陆续见到外资进场。

展望本週,相信本地机构及外资的卖出及买进角力將持续,令马股入横摆格局。

资深抽佣经纪卢文豪亦认同走势横摆的看法,原因是由於马股已呈扬,因此会面对投资者趁高套利的威胁。他说,马股在突破1700点后,面对投资者多次套利衝击,目前仍处在调整局面。

「不过,相信最坏的情况已过去,目前外围未有任何因素影响马股走势,唯一正面的是令吉逐渐回稳,及外资停止拋售。」

冯廷秀补充道,2年前一些公司,尤其是小型股通过私下配售及附加股方式发股,因此大幅增加市场的股票流动。「这是为何每当马股想向上衝,但都马力不足的原因之一。」

或跌穿1700

马银行投行区域技术分析员李清辉认为,马股前几周的上涨行情,仅是基金经理的橱窗粉饰效应。进入4月,本周將会延续上周五(1日)的下跌趋势,並有很大机会跌穿1700点关键水平。

儘管平均乖离指数(MACD)还在零讯號线上方,但已开始转跌,同时,从隨机指標(Stochastic)来看也不乐观。

李清辉將扶持水平设在1698点,第2道则在1651点。由於不看好综指能反弹,因此他没有给予阻力水平的预测。

另外,冯廷秀將阻力水平设在1724点及1736点;而支撑点则好坏因素角力马股料陷横摆为1703点及1686点。卢文豪则认为1700点可作为综指的扶持点,而阻力则设在1730点。

在投资建议方面,冯氏表示由於目前正逢外资进场,因此投资者可留意受外资关注的股项,如银行股、国油相关股项等。此外,卢文豪建议,基本面和估值良好的蓝筹股值得留意,尤其是股价有潜在上涨空间的股项,相反已先行上扬的股项则不考虑。

李清辉则建议投资者考虑套利,短线交易方面应藉机沽空

Online king

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Re: Spot KLCI Index
« Reply #102 on: April 06, 2016, 09:00:03 AM »



THE WORLD’S BRIBE FACTORY UNAOIL, US $40 MILLION, AND THAT LIBYIAN PROJECT OF RANHILL.
Our Reporter | April 6, 2016
images
Kuala Lumpur : A spade can only be a spade. If that is true, then MyStock 118 is very confused.
The heart of the matter is the alleged dealing between Ranhill Bhd and Unaoil, the infamous monaco based bribe factory.
Were there any links between both these parties on a US$1.2 billion construction project and that little matter of a US$43 million CONsultans fee as allged by the Panama Papers?
Apparently according to Ranhill Holdings Bhd statement to Bursa Malaysia there is no such truth to it.
The statement to the stock exchange is correct because at the time the deal at happened, Ranhill Holdings, as we know it now did not exist.
Just to recap, Ranhill Holdings was only relisted this year,after Tan Sri Hamdan Mohammad had taken Ranhill Bhd private in 2011 at 90 sen a share.
According to MyStock’s own “Panama Papers investigation” there was some form of link between Unaoil and Ranhill Bhd.
The proof is in the pudding and here it is:http://www.lexology.com/library/detail.aspx?g=277762ca-32fc-4d00-b870-40f849913f6b.
The case file is 2011 Folio 981 in the London High Court. The case was between Unaoil Ltd and Amona Ranhill Consortium; Sdn Bhd, Ranhill Engineers and Constructors Sdn Bhd,Ranhill Middle East FZE.
As such if the statement from Ranhill Holdings Bhd was some form of double speak, since its major shareholder must be aware of the Unaoil -Ranhill Bhd link, then Bursa Malaysia, has just been made to look like a rookie monkey with a PEANUT

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Re: Spot KLCI Index
« Reply #103 on: April 06, 2016, 04:07:21 PM »



Global Markets
Asia stocks at 3-week lows as China worries grow; oil up
By Reuters / Reuters   | April 6, 2016 : 3:56 PM MYT   
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HONG KONG/TOKYO (April 6): Asian stocks held near three-week lows on Wednesday, as concerns about the underlying strength of the Chinese economy dogged investors.

Oil prices jumped by nearly two percent on growing hopes a global output freeze may be agreed soon.

MSCI's broadest index of Asia-Pacific shares outside Japan was barely in positive territory after falling to its lowest level since March 16. Overnight, it dropped 1.6%, its biggest fall in almost two months.

While global risky assets have staged a smart recovery from February's lows, led by Chinese stock markets on hopes that Beijing can successfully avert a sharp slowdown, policymakers and investors are worried the recovery may be at best, bumpy, or at worst, short-lived.

The cautious undertone rippled over into Europe with benchmark indexes opening broadly mixed. Britain's FTSE 100 rose 0.5%, Germany's DAX was flat and France's CAC 40 was up 0.1%.

Alex Wolf, emerging markets economist at Standard Life Investments, said it is still too early to call an economic stabilization in China, because property inventories are still very high and much of the recent economic activity was driven by quasi-fiscal spending.

"A rebound based on property exuberance and quasi-fiscal stimulus means it might be more transient than the market wants to believe," he said in a note.

Data last week showed foreigners are estimated to have pumped US$36.8 billion into emerging market stocks and bonds in March, the highest monthly inflow in nearly two years, the Institute of International Finance said.

But that support seems to have likely come to an end with Asian stocks falling by 3.6% since the start of the month. Japanese stocks led regional losers with indexes in their longest losing streak since the start of Abenomics.

Recent weak economic data have raised fears the economy may have slipped into its fourth recession in five years, with a resurgent yen adding to pressure on exporters.

"The market is now posing big questions about Abenomics," said Stefan Worrall, director of Japan equity sales at Credit Suisse.

Even in the United States, a rare bright spot for the global economy, recent weak data prompted economists to cut their first-quarter gross domestic product growth estimates by as much as half a percentage point to as low as a 0.4 percent annualized rate, which would be its slowest growth in two years.

Risk aversion was on the rise in currency and fixed income markets as well.

Investors bought back the yen, a low-yield currency that investors often sell to seek higher yields elsewhere, when risk appetite is strong.

The yen hit a 17-month high of 109.92 to the dollar on Tuesday, after Japanese Prime Minister Shinzo Abe said countries should avoid seeking to weaken their currencies with "arbitrary intervention." It last traded at 110.41.

His comments dimmed any prospects of currency intervention by the Japanese authorities to stem the yen's rise in the near future, analysts said.

The euro was little changed at US$1.1357, hovering not far from its 5 1/2-month high of US$1.1438.

German 10-year yield fell below 0.10% for the first time since April last year, edging near its record low of around 0.05% touched almost a year ago.

The 10-year U.S. Treasuries yield dropped to a five-week low of 1.715%, having fallen almost 0.3 percentage point from its March 16 peak of 2.002%.

The two-year yield fell to a near six-week low of 0.716%, while traders reduced bets on a Fed rate hike in June further.

Oil offered the sole bright spot in financial markets with prices extending their rebound after Kuwait insisted major producers will agree to freeze output later this month even as key player Iran continued to balk at the plan.

The market was also helped by data on U.S. crude supply-demand for last week from industry group American Petroleum Institute (API) showing a surprise fall of 4.3 million barrels in inventories in the week to April 1, versus an expected weekly increase of 3.2 million barrels.

Brent crude futures rose 1.6% to US$38.48 per barrel, off one-month low of US$37.27 hit on Tuesday. U.S. crude futures jumped 2.5% to US$36.75 a barrel.

tures jumped 2.5% to US$36.75 a barrel

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Re: Spot KLCI Index
« Reply #104 on: April 08, 2016, 07:14:27 AM »



PAC findings expected to boost investor confidence
Posted on 8 April 2016 - 05:37am
Lee Weng Khuen
sunbiz@thesundaily.com
Print
PETALING JAYA: The release of the much-awaited Public Accounts Committee (PAC) report on debt-ridden 1Malaysia Development Bhd (1MDB) could restore investors' confidence in the country in the long run.

Market experts said this is due to more clarity on the situation at the state-owned strategic investment fund, which chalked up RM50 billion in debts as at January this year.

The ringgit strengthened 0.08 % to 3.9158 against the greenback yesterday. On the stock market, the FBM KLCI gained 7.28 points or 0.42% to 1,724.29.

Inter-Pacific Research Sdn Bhd head of research Pong Teng Siew said while the movement of the ringgit is largely determined by global oil prices, he believes the latest development in 1MDB will indirectly restore investors' confidence in the country.

"1MDB is just a sideshow. It has implication on confidence in credibility, rule of law for the country, but not much way in terms of economic implications. In the short term, until business decisions are made on investment in the country, if not it won't have great impact on the economy," he said.

Malaysia University of Science and Technology business school dean Dr Yeah Kim Leng is of the view that the findings of the PAC will help alleviate fears over 1MDB's impact on the market, in particular the sovereign credit rating following its proactive move to pare down the debts.

"The report will help to ease the fears that the scandal will drag on further, we're moving towards the closure (of the case)," he said.

While there are still uncertainties in the 1MDB scandal, Yeah said the PAC report at least provides clarity that there was weak oversight by the 1MDB board as well as mismanagement of the company.

"There is still some way to go given that quite a number of irregularities need to be further investigated and the offer by the entire board of directors to resign is appropriate to show their responsibility. It is not the end, as the AG's (Auditor General) report has not been disclosed, so there could be still uncertainty," he noted.

Even though the ringgit is expected to remain volatile going forward, driven by other fundamental factors, Yeah said, it will reduce associated risk premium which has been factored in by the market. "Any improvement in resolution will help to reduce the risk premium, providing support to the ringgit," he added.

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Re: Spot KLCI Index
« Reply #105 on: April 10, 2016, 06:58:56 PM »



财经  2016年04月10日 | 记者:赖尧章、雷洁敏
马股前景谨慎 次季佈局建筑大资本股

马股前景谨慎 次季佈局建筑大资本股

大马股市于2016年首季跌跌撞撞地重返1700点,富时综合指数在首季从1692.50点,起25.07点或1.48%,至1717.58点。经过顛簸的1月之后,外资弃守转攻,在2月及3月分別买进5亿令吉和61亿令吉马股。

投资者情绪好转的3个因素,即是:

一、原油价格触底反弹;
二、政府修改今年財政预算案;
三、美联储料谨慎加息,致使美元匯率疲弱。

虽然如此,各家投资银行仍不敢大意,持续审慎地看待马股的投资前景。有者认为首季的涨势,充其量只是被超卖后作出反弹,有者则认为马股大部份利好因素已反映。

投资者在第2季该如何部局?《东方投资》收集了3名研究主管对马股的最新看法,以及梳理他们所提供的投资建议。他们是肯纳格研究主管陈建尧、丰隆投行研究主管徐克宇和安联星展研究主管程宏扬。

外资放缓买股步伐

踏入4月份,马股呈横摆上升格局,市场人士普遍认为,儘管投资情绪依然疲弱,但正在缓慢復甦,而外资预期在2016年次季放缓买股的步伐。

其中,丰隆投行研究主管徐克宇表示,由於外资在3月份疯狂买股,以便在首季尾將持有马股的比重调整至先前的水平,因此预计將在次季放缓步伐。

「外围方面,油价復甦和美联储暂缓升息是持续影响市场的主要因素。」

鉴於高原油库存和產能谈判未达协议,导致供需失衡问题无法解除,徐克宇预测,近期油价涨势已达顶限。此外,也维持美联储料在6月份加息。

与此同时,肯纳格研究主管陈建尧也赞同地说,布伦特原油价格持稳和美联储放缓加息步伐,是影响投资情绪的因素之一,其他因素还包括令吉兑美元匯率走强、原棕油期货价格走高、以及外资流入和国內资金流动性有所改善。

风险承担意愿高

「不过,目前股市反弹的情况是过度超卖后的反应,隨著市场不再激烈波动,全球投资者愿意承担更高的风险,带动新兴市场。」

徐克宇指出,富时综合指数在2016年首季上扬1.5%,从截至2015年杪的1692.5点,上涨至1717.6点。

在动盪的一月份过去后,外资在2月份(买入5亿令吉)和3月份(买入61亿令吉)成为大马股市的净买家。这主要归功于市场投资情绪好转。

回顾过去,布伦特原油从1月20日新低的27.88美元反弹、政府在1月28日宣布修正財案、欧洲央行(ECB)刺激政策、以及美联储放缓升息举措,导致美元走软,这些都是带动市场情绪好转的因素。

此外,徐克宇进一步指出,能够影响股市的国內外主要因素,包括石油生產国的会议(4月17日)以及美联储会议(4月26日-27日,和6月14日-15日)。

欧洲央行和日本央行料在次季暂停步伐,以评估之前刺激货幣政策的影响。日本也已提出其財政支出以支撑成长。

国內方面则有国行总裁丹斯里洁蒂的接班人事宜,对市场策略意义重大;由內部提拔的接班人將確保货幣政策的连贯性,强调金融稳定和可持续性成长。

经济数据方面,徐克宇预测,首季国內生產总值(GDP)將回落至4%(料在5月13日宣布),其次是新任总裁將在5月19日主持第一场货幣政策委员会(MPC)。

他相信,隔夜政策利率(OPR)至今年杪都不会增加。

除此之外,根据丰隆投行的预测,综指成份股今年6月2日的半年检討中,KLCC產业信託(KLCC,5235SS,主板房產信託股)、沙布拉肯查纳石油(SKPETRO,5218,主板贸服股)和合顺(UMW,4588,主板消费股),可能被剔出综指成份股。

同时,金务大(GAMUDA,5398,主板建筑股)、怡保工程(IJM,3336,主板建筑股)和合成统一(HAPSENG,3034,主板贸服股)料成为新的成份股。

技术面而言,综指指標转弱,外资预期放缓购入大马股票。徐克宇认为,综指將在上升趋势和窄幅波动间滑落,介於1670点(200天移动平均线)和1743点(200週移动平均线)之间。

建筑股受追捧

他仍维持2016年杪1760点的综指目標。徐克宇持续看好防御型的大型资本股项。

建筑股项仍然是显著的贏家,近期大幅增加的合约得標,料在次季会有更加强劲的合约流。

那第2季的股市又有哪一些亮点?

安联星展研究主管程宏扬称,隨著捷运第2干线的工程陆续颁出,相信建筑股短期內会持续受追捧,因为第11大马计划(11MP)下的大型项目也將接踵而来,比如轻快铁第3干线、泛婆罗大道、柔佛炼油及综合石化发展(RAPID)和其他高速大道。

另外,程宏扬认为,由於美元匯率疲弱和可能再度交出差劣的季度业绩,科技股短期內料续承受卖压。

「但虽如此,我们觉得投资者可把握机会,累积那些可从长期成长中受惠的特定科技股,同时也可留意银行领域是否已出现净利反弹的跡象,因为大部份银行已经在去年完成一次性的財务整顿活动。」

另一边厢,陈建尧表示,整体而言,综指走势维持不变。鉴於市场情绪两极化,他相信,股市很可能继续其过山车的波动局面。

「由於投资者承担风险的意愿提高,我们有必要调整『逢低买进或逢高卖出』的交易区间,也就是从原本的1600点及1690点,调高至1635点及1725点。至於综指目標则保持在1725点。」

这是基于2016和2017盈利成长预测率达3.6%及7.6%,分別相等于19.6倍和18.1倍的盈利预测。

陈建尧看好的股项包括CB工业產品(CBIP,7076,主板工业股)、金轮企业(KIMLUN,5171,主板建筑股)以及美德再也(MITRA,9571,主板建筑股)等。

另一方面,徐克宇维持原本年杪的令吉兑美元匯率预测为3.80令吉至4令吉兑1美元;但短期內令吉匯率料回软至4令吉

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Re: Spot KLCI Index
« Reply #106 on: April 11, 2016, 07:32:57 AM »



 上则新闻
【比利时恐袭】落网嫌犯招认是白衣炸弹客
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财经  2016年04月10日 | 记者:胡雪樺
缺乏新指引 马股困闷局

缺乏新指引 马股困闷局

由于市场缺乏利好因素及潜在风险不多,加上令吉及油价区间波动,市场人士因此一致认为,富时综合指数本週將继续延续上週走势,陷入横摆局面。

按週比较,综指从前週的1710.55点,攀升7.85点,或0.46%,至1718.40点。全週成交量却下滑6.61%,至77亿7545万股;成交值也隨之走跌4.69%,至96亿令吉。

JF艾毕斯证券研究主管李忠正和抽佣经纪何业万皆向《东方投资》指出,市场短期缺乏新鲜指引,料导致综指继续呈现横摆格局。

何业万补充道,在本地机构扶盘之下,综指下跌空间也相当有限;不过,若本地机构无出手扶盘的话,综指则可能跌破1700点。

中国数据影响微

被问及本週中国即將出炉的缺乏新指引马股困闷局进出口数据和首季国內生產总值(GDP)表现是否会影响综指走势,李忠正表示,中国数据对综指的影响甚微。中国將分別于週三(13日)和週五(15日)公佈进出口数据和GDP数据。

他解释,即便中国上週三(6日)捎来製造业及服务业採购经理人指数(PMI)双双反弹,並重回扩张区间的好消息,但综指却未受激励而大幅走高。

「不过,如果中国数据表现强劲和油价走高,综指有望突破重围、摆脱横摆格局,令吉亦如此。」

对于小资本股和综指走势背道而驰,纷纷挤进热门榜的现象,李忠正解释,这主要是因为小资本股在过去几个月都承受卖压、跌幅深重,致使如今浮现价值吸引投资者买进,但股价反弹幅度不大。

技术面而言,兴业投行技术分析员廖志豪言道,综指从1月份的最低水平1600.92点,反弹117.48点,或7.34%,至上周五的1716.40点,看似不俗,但目前已陷入横摆格局。

近期表现稳定

「综指如今已高企在15天、25天及200天平均线之上,但若要打破当前的横摆格局,就必须突破1725点。整体而言,马股近期的表现稳定,投资者情绪亦良好。」

因此,廖志豪將扶持水平设在1700点,阻力水平则是1725点。

另外,李忠正的扶持水平和阻力水平分別为1700点和1727点;何业万则把扶持水平设在1620点及1600点,阻力水平是1720点及1740点。

在投资建议方面,李忠正表示,长期投资者可以买进週息率较高的股项。另外,何业万指出,虽然令吉走强拖累出口股项表现,但这些公司基本面仍完好,建议投资者留意出口股项。

廖志豪言道,一旦综指突破1725点,牛市便相当明显,所以投资者现在可以买进拥有良好基本面的特定大蓝筹

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Re: Spot KLCI Index
« Reply #107 on: April 11, 2016, 04:34:55 PM »



Highlight
Malaysia's GDP growth will likely slow further in 2016; ringgit will stabilise, says Moody's
By Surin Murugiah / theedgemarkets.com   | April 11, 2016 : 1:44 PM MYT   
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KUALA LUMPUR (April 11): Malaysia's real gross domestic product (GDP) growth will slow to 4%–4.5% in 2016 from 5% in 2015, according to a poll conducted by Moody's Investors Service.

In a statement today, a Moody's vice president and senior research analyst Rahul Ghosh said the poll findings were in line with Moody's view that Malaysia's headline real GDP growth rate will slow to 4.4% in 2016, although there are downside risks to this view.

Ghosh said given the open nature of its economy — with exports and imports combined accounting for 131% of GDP — Malaysia is susceptible to a prolonged period of subdued global demand and weaker commodity prices, which will result in slower investment demand, and downward pressure on exports and government receipts.

Ghosh also explained that Malaysia's high household debt burden — equivalent to 89.1% of GDP in 2015 — will constrain the ability of private consumption to support domestic demand.

The statement was in conjunction with Moody's just-released report titled Malaysia — Inside ASEAN: The View from Malaysia.

As for the Malaysian ringgit, Moody's said the broad view among market participants was that the currency has improved significantly, and that the ringgit will show stability against the US dollar (USD) over the next 12 months.

It said of the respondents polled, 53% expect the ringgit to consolidate in a range of RM4.00–RM4.20 against the USD over the next 12 months, and roughly a third expect a mild appreciation, within a range of RM3.50–RM4.00/USD.

Moody's said that the recent let-up in dollar appreciation, together with an improvement in Malaysia's trade surplus and foreign exchange reserve position, provides a reasonably supportive backdrop for the ringgit.

"And, even if the ringgit were to remain weak, or embark on a renewed depreciatory trend, the overall exposure of Malaysia's sovereign and banks to foreign exchange risks would remain manageable," it said.

Moody's pointed out that the predominance of funding in the local currency meant that weakness in the ringgit has not led to increased debt distress in the corporate and banking sectors, and the knock-on impact on interest rates has remained muted.

It said that Malaysian government foreign-currency denominated debt accounted for just 3.4% of the total government debt at end-2015.

"Meanwhile, the net open foreign exchange positions of Malaysian banks represent a modest 1% to 5% of their capital levels, and most foreign exchange loans are granted to exporters, which will balance the risk of currency volatility," it said.

As for the banks, said Moddy's, of the participants surveyed at the event, 40% believe high household leverage poses the greatest risk to Malaysian banks in the coming 12 months, followed by corporate defaults, which garnered 27% of total votes.

It said the slowdown in China, weak commodity prices and local property market trends each received roughly 10% to 12% of the votes.

Moody's view is that Malaysian banks face rising credit risks in 2016, as slower growth and weaker corporate and household balance sheets challenge asset quality.

On the exposure of Malaysian banks to the oil and gas sector, it said, 54% of people polled expressed slight concerns, but believe that most oil and gas companies remain in good shape, and therefore such exposures will be manageable for the banks.

Moody's further points out that of the participants polled, 47% said that governance concerns represent the largest structural challenge to Malaysia's medium-term growth, while 27% cited high private sector indebtedness.

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Re: Spot KLCI Index
« Reply #108 on: April 11, 2016, 05:05:15 PM »



Moody’s survey: 1MDB debt still seen a risk, exposes Malaysia’s institutions
Monday April 11, 2016
03:30 PM GMT+8

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The report said that Malaysia’s long-term outlook was still favourable, citing the country’s infrastructure network, resources and industry that could benefit from new trade links. — Picture by Yusof Mat Isa
The report said that Malaysia’s long-term outlook was still favourable, citing the country’s infrastructure network, resources and industry that could benefit from new trade links. — Picture by Yusof Mat Isa
KUALA LUMPUR, April 11 — 1Malaysia Development Bhd’s (1MDB) debt remained a risk factor in Malaysia, one that also revealed shortcomings with the country’s institutions, according to fund managers and investors polled in a Moody’s survey.

According to the “Inside Asean: A view from Malaysia” report released today, 47 per cent of respondents expressed concern over structural issues facing the local economy while 27 per cent cited high corporate debt levels.

“While we have not viewed debt distress at 1Malaysia Development Berhad (1MDB unrated), the government-owned strategic development fund, as a systemic risk, the episode has contributed to rising political risk and exposed weaknesses in Malaysia’s institutional framework,” Moody’s said in the report.

“Malaysia ranks in the top third of countries — among sovereigns that we rate — for government effectiveness, based on the World Bank’s latest Worldwide Governance Indicators (WGI). However, concerns surrounding financial distress at 1Malaysia Development Berhad, a government-owned strategic development company, point to a weaker institutional framework than implied by its relatively strong showing in the WGI.”

But the report said that Malaysia’s long-term outlook was still favourable, citing the country’s infrastructure network, resources and industry that could benefit from new trade links.

It also highlighted the government’s 11th Malaysia Plan that placed a focus on increasing private sector participation, adding that the shift away from primary economic activities could help Malaysia achieve its targeted growth.

Respondents believed, however, that the country’s economic growth would ease in 2016, following the unexpectedly strong showing last year.

Over half the respondents felt economic growth would be between 4.0 and 4.5 per cent, although the projection was in line with Bank Negara Malaysia’s forecast for the country’s expansion.

“Given the open nature of its economy (exports and imports combined account for 131 per cent of GDP), Malaysia is susceptible to a prolonged period of subdued global demand and weaker commodity prices via the export channel, weaker investment demand and downward pressure on government receipts.

“Meanwhile, a high household debt burden, equivalent to 89.1 per cent of GDP in 2015, will constrain the ability of private consumption to support domestic demand,” Moody’s said.

Forty per cent of respondents cited concern about Malaysia’s household debt in the survey, noting local banks’ heightened exposure to risk of delinquency over the next 12 months.

The Moody’s report was prepared based on real-time polling of 110 participants during the firm’s annual “Inside Asean — Spotlight on Malaysia” briefing in Kuala Lumpur last month.

In March last year, Prime Minister Datuk Seri Najib Razak ordered the Public Accounts Committee and the Auditor-General to investigate 1MDB over allegations of financial mismanagement.

The PAC released its much-anticipated final report on the state investment arm last week after almost a year of proceedings, and the questioning of dozens of government and 1MDB officials, including its CEO Arul Kanda Kandasamy.

Among its findings, PAC found that the 1MDB board of directors had failed to ensure the fund’s management complied with good accounting practises.

It also found that 1MDB Group’s capital financing structure and financial performance was unsatisfactory, noting that in January 2016, 1MDB’s debt hit RM50 billion, compared to its assets worth RM53 billion.

- See more at: http://www.themalaymailonline.com/malaysia/article/moodys-survey-1mdb-debt-still-seen-a-risk-exposes-malaysias-institutions#sthash.O9bGELGv.dpuf

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Re: Spot KLCI Index
« Reply #109 on: April 12, 2016, 07:30:18 AM »



'Bursa won't turn bear market anytime soon'
Posted on 12 April 2016 - 05:38am
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PETALING JAYA: MIDF Research said it does not foresee the equity market turning bear anytime soon, as the outlook for Malaysia’s economy remains rather sanguine with Bloomberg consensus and its gross domestic product (GDP) growth forecast this year at 4.3% and 4.4%, respectively.

“Having said that, we remain mindful of intermittent cyclical pullbacks that may take place due to varied situational issues, even amid continued healthy macro growth,” it said in a note yesterday.

The research house said the FBM KLCI was under selling pressure in the first quarter of 2016 (1Q16), due to the continued slump in crude oil prices, softening ringgit and negative spillovers from China’s market collapse. It noted that the local market barometer retreated to a year-low of 1,600.92 points on Jan 21.

However, MIDF Research said the FBM KLCI started to reclaim lost ground, aided by the oil price recovery due to a potential production freeze agreement among the world’s major oil producers.

“The rally was further buttressed by the strengthening ringgit and returning of foreign funds pursuant to the US FOMC’s (federal open market committee) decision to hold its benchmark rate and scale back its rate increase projection this year to two hikes from the earlier four,” it added.

The FBM KLCI closed at 1,717.58 points, registering a 1.5% advance in the 1Q16.

MIDF Research said FBM KLCI made only a shallow retreat with good support seen at between 1,600 and 1,630 points and subsequently staged a gradual rebound revisiting the 1,700 points levels since March.

The research house said the consensus 2016 FBM KLCI earnings growth is expected to rebound to 10% partly attributable to the low-base effect from under-performance in 2015.

“More importantly, we foresee a reduced risk of downward revisions in forward earnings estimates due to the already lowered expectation hurdles (with key revenue and cost drivers as well as other assumptions pegged at quite pessimistic levels) pursuant to earlier earnings disappointments,” it added.

Meanwhile, the research house highlighted that the recovery of local equity prices thus far this year has coincided with the general returning of foreign liquidity since the final week of January.

“We reckon, in view of the prevailing economic uncertainties besetting the world’s major countries and regions, an increasingly dovish US Fed may continue to attract funds into this region and Malaysia in the foreseeable future,” it said.

MIDF Research reiterated its FBM KLCI’s 2016 year-end target at 1,800 points, premised on the rooted behavior whereby earnings and price are trending broadly hand-in-hand

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Re: Spot KLCI Index
« Reply #110 on: April 13, 2016, 07:11:33 AM »



Fund managers still optimistic on Malaysia
Posted on 13 April 2016 - 05:37am
By Lee Weng Khuen
sunbiz@thesundaily.com
Print
KUALA LUMPUR: Fund managers are optimistic about their investments in Malaysia despite the economic and political headwinds in the country.

Malaysia is still attractive from the valuation and currency perspectives, according to Franklin Templeton GSC Asset Management Sdn Bhd country head of Malaysia and CEO Sandeep Singh.

“Our house view is that there is good growth in Malaysia. We’re keenly looking at Malaysia, both equity and fixed income,” he told reporters on the sidelines of Invest Malaysia 2016.

Asked if the asset management firm will reduce or increase its investment weightage in Malaysia, Sandeep said it doesn’t matter as a bottom-up strategy, focusing on individual companies or stocks, is adopted.

He opined that retail investors’ participation of 14% to 15% in the local stock market is commendable despite there being a long way to catch up with more developed markets. “It is definitely better than many other Asian countries, I think with the pension products and more choices such as Islamic products, it will strengthen the retail investor base.”

Maybank Kim Eng global investment strategist Sadiq Currimbhoy is of the view that Malaysia’s valuation is inexpensive, with a strong domestic investor base. Besides Malaysia, he sees investment opportunities in countries like Indonesia and Vietnam.

The fund managers declined to comment on investment fund 1Malaysia Development Bhd (1MDB).

However, local asset management firm Corston-Smith Asset Management Sdn Bhd founder and principal fund manager Datuk Shireen Ann Zaharah Muhiudeen opined that the 1MDB issue won’t have a significant impact on the Malaysian economy.

“People say 1MDB will destroy the economy, but it won’t because it is too small. The (issue of) confidence on 1MDB is a bit overstretched, it is (being made to be) much larger than it is. Our economy is huge and something needs to be improved. It will rebound,” she said.

Shireen expects continued inflow of foreign funds into the country on improved economic conditions

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Re: Spot KLCI Index
« Reply #111 on: April 13, 2016, 11:23:26 AM »



财经  2016年04月12日
2016投资大马无惊喜 马股反应冷淡横摆下行

2016投资大马无惊喜 马股反应冷淡横摆下行
2016投资大马峰会吸引55家上市公司参与以及区域47个机构的基金经理出席盛典。

(吉隆坡12日讯)大马投资市场的年度盛事「2016投资大马」峰会,今年再次没有为市场捎来任何惊喜,首相也没有在这个场合上提出任何崭新的措施,刺激大马的资本市场。

部份市场人士表示,近年来这个场合已经不再是政府宣布新政策的时机,因此,他们並没有抱著希望而来,所以,也不会感到失望。但也有一些出席者认为,首相在緋闻缠身之际,仍现身和海外投资者会面,相信可以挽回一些信心,对改善市场情绪有帮助。

然而,市场却显然对这项投资峰会没有太大的反应,股市今日全天在窄幅中波动。闭市收在1715点,跌0.28点或0.016%。亚太股市週二则涨多跌少,但均没有明显的波动。

早年,投资大马峰会是一年一度的资金市场盛事,在这个外资云集的场合上,政府会为市场捎来好消息,比如,宣布一些吸引外资的新措施,如开放市场等。然而,近年这样的措施已经越少见。

出席今日活动的市场人士均表示,今年首相纳吉在投资大马峰会的讲词的確没有新鲜的消息。

企业发展2重点

马银行投行首席经济学家苏海米接受《东方財经》採访时表示,总结纳吉在峰会的言论,主要进一步加强早前公佈的措施。

苏海米认为,今天纳吉主要围绕的议题为可持续性以及包容性2大重点,並確保国內上市公司达致政府在这两方面所设下的目標。

「政府主要希望公司以环境以及伦理为出发点去发展公司,以及加强女性在职场的参与度,来提升包容性,並结合两者以创造可持续经营的商业模式。

另外,资深基金经理张子敏也表示,首相的演讲没有太大的惊喜。他也表示,原本就没有抱持太高的期望。

虽然如此,他也指出,首相纳吉在今年的2016投资大马上发表的演说,能加强国外投资者对大马未来前景的信心。

综指隨油价波动

另外,张氏也指出,富时综指虽在短期与原油价格脱勾,其近期的表现明显跟隨令吉走势波动。不过,国际原油价始终是影响大马政府收入的重大因素,因此长期来看,富时综指依然会尾隨国际油价而波动。

根据官方的资料显示,「2016投资大马」峰会受邀出席的上市公司计有55家,或佔大马资本市场的50%。该峰会料吸引来自全球以及区域47个机构的基金经理,这些基金经理所管理的总资產规模(AUM)达11兆1670亿美元(或43兆3279亿令吉)。

投资峰会已经来到第12个年头,今年由大马交易所(BURSA,1818,主板金融股)和马银行投行联办,在4月12日和13日举行,为期两天

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Re: Spot KLCI Index
« Reply #112 on: April 13, 2016, 11:27:32 AM »
 :D :D :D..........perfect copycat,that is why it has been quiet here previously!!! :P :P :thumbsup: :handshake: :handshake:

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Re: Spot KLCI Index
« Reply #113 on: April 13, 2016, 11:30:03 AM »
:D :D :D..........perfect copycat,that is why it has been quiet here previously!!! :P :P :thumbsup: :handshake: :handshake:





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Re: Spot KLCI Index
« Reply #114 on: April 14, 2016, 07:18:01 AM »



Local market's fundamentals still strong: Bursa CEO
Posted on 14 April 2016 - 05:38am
Lee Weng Khuen
sunbiz@thesundaily.com
Print
KUALA LUMPUR: The fundamentals of the local capital market remain strong, evidenced by the best ever turnout at the Invest Malaysia forum, which was first held in 2005, said Bursa Malaysia Bhd CEO Datuk Seri Tajuddin Atan.

"The key point is there are sustainability and core, we want that to continue to grow for a longer period of time," he told reporters at Invest Malaysia 2016 here yesterday.

Tajuddin said based on the current assumptions of good fundamentals, it is not relevant for the foreign funds to exit Malaysia at this time.

"The oil price is up now, the ringgit has outperformed and our GDP (gross domestic product) is still strong. Based on all these factors, that is why we think we have 2,400 people here," he noted.

Invest Malaysia is Bursa Malaysia's flagship event organised annually for the global investing audience. It showcases the diversity of Malaysia's capital market and introduces key multinational companies and global champions that are set to drive economic growth within the Asean marketplace.

Tajuddin is of the view that the local market will remain stable and rise gradually.
"The main assumptions are that the market is still volatile and it is cyclical, but we believe the current trend will hold, not necessary spike up, but consistently it will go up," he explained.

The local bourse will also be supported by decent valuation, which Tajuddin said it is a "good level" for foreign funds.

"When the money coming back, they'll find the best fundamental and return in terms of dividend yield," he added

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Re: Spot KLCI Index
« Reply #115 on: April 14, 2016, 02:14:58 PM »



REGIONAL RALLY FAILS TO INSPIRE LOCAL MARKET
admin | April 14, 2016
KUALA LUMPUR (April 14): The regional rally failed to inspire the local market in the morning session today as investor sentiment stayed mixed.
At 12.30pm, the FBM KLCI dipped 0.22 points to 1,722.89. The index had earlier climbed to its intra-morning high of 1,729.13.
Sentiment was mixed with 350 losers and 335 gainers, while 344 counters traded unchanged. Volume was 901.23 million shares valued at RM765.51 million.Categories: Latest NewsCorporate
Source: The Edge

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Re: Spot KLCI Index
« Reply #116 on: April 17, 2016, 06:01:59 PM »



财经  2016年04月17日 | 记者:黄义杰
马股料续横摆上行

马股料续横摆上行

外资不断涌进马股,活络了本地投资者的情绪。虽然外资净买额开始降温,但马股上週仍呈涨。市场人士认为,富时大马综合指数(KLCI)本週仍可能延续涨势,但上涨空间已收窄。

按週比较,综指从前週的1718.40点,上涨9.59点或0.56%,上週五在1727.99点掛收。马股全週有81亿7037万股易手,相比前週增5.08%;成交值却减少9.88%,至86亿5115万令吉。

达证券技术分析员史益合指出,虽然综指在上週不断挑战1729点的阻力水平,最终並不成功,但他相信,马股如今的正面情绪不会轻易消散。他认为,马股在本週继续上涨的可能性仍较高,但必须借助更高的成交量,才能衝破1729点。单日平均成交量必须达到18亿股以上,否则套利活动將限制上涨空间。上周的平均单日成交量只有15亿股,不足以形成突破。

另一方面,儘管日线图在週四(14日)出现了蕴含逆转讯息的射击之星(Shooting Star),但周五的马股购兴受影响程度不大,所以他相信,整体而言,技术图表还是处於看涨趋势。

抽佣经纪陈玉麟也认为,马股本週料可延续上涨动力,因为市场情绪仍相当正面。不过,马股已经歷一轮涨势,接下来的上涨空间已收窄。他相信,在上週的《投资大马》(Invest Malaysia)大会后,出席的外资基金经理获得了想要知道的马股企业资讯,接下来相信会继续注资马股,有助于扶持马股。

陈玉麟指出,影响大马市场的最大基本面因素是油价的走势。如今,油价在每桶40美元上下波动,停滯不前,市场其实是在等待5月將密集出炉的企业季度业绩报告,来寻求指引。因此,马股预料將继续横摆上行。

不过,肯纳格投行研究主管陈建尧则认为,按照马股目前处于宽幅波动(rangebound)的市场格局,既然综指在上週屡次衝破1727点的第一道阻力水平,迈向1745点至1750点区间的下一道阻力水平,那么本週就可能局部回跌,若无法守住1715点和1710点的两道扶持水平,就可能陷入一波回调走势。

「目前已迈入了次季。传统上,次季和第三季都是股市表现相对逊色的季度。不过,市场情绪已改善,按照宽幅波动的格局,即便综指回调,也大约只会跌至1670和1650点的下两道扶持水平,跌幅不会太重。」

史益合认为,油价走势对马股的影响力相当大,投资者应参考油价来判断马股走势,特別是上週末的石油输出国组织(OPEC)与非会员国的谈判会议。陈玉麟则建议,不少股项都已经歷一轮涨势,目前市场仍充斥许多不明朗因素,並不適合长期持票,投资者宜逢高套利。

陈建尧则认为,建筑股仍是较合適的投资目標,其中以小型建筑股为佳,如金轮企业(KIMLUN)和美德再也(MITRA)。此外,投资者也可因时制宜,在马股处于1700点上方时,买进抗跌性较高的股项;当综指跌至1670水平时,买进较受週期因素影响的股项,如银行股和种植股。此外,今年中旬將举办欧洲盃足球赛,建议可买进啤酒股,如健力士英格(GAB)

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Re: Spot KLCI Index
« Reply #117 on: April 18, 2016, 11:55:52 AM »



BURSA MALAYSIA'S 1QFY16 RESULTS MAY FAIL TO EXCITE INVESTORS, SAYS RHB RESEARCH
admin | April 18, 2016
KUALA LUMPUR (April 18): Bursa Malaysia Bhd’s quarterly results, which will be announced next week, is unlikely to excite investors, with securities average daily value (SADV) expected to continue heading south.
The bourse is going to report its first quarter results ended March 31, 2016 (1QFY16) on April 25.
“Earnings are seen to be unexciting, with SADV falling 2% quarter-on-quarter to RM1.99 billion and derivatives volume flat versus FY15’s numbers,” RHB Research Institute said in a note to its clients today.Categories: Latest NewsCorporate
Source: The Edg

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Re: Spot KLCI Index
« Reply #118 on: April 18, 2016, 12:06:07 PM »
Gold bull soon?????!!!!!  :D :D
malimalimaliongongongnotongchefbutishua thuatong

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Re: Spot KLCI Index
« Reply #119 on: April 21, 2016, 02:28:38 PM »



Thursday, 21 April 2016
Malaysia's bourse running out of steam?
BY AFIQ ISA







 Lacklustre: Over the past one month, the market has fluctuated in a tight range of between 1,700 and 1,725 points. — AFP
Lacklustre: Over the past one month, the market has fluctuated in a tight range of between 1,700 and 1,725 points. — AFP
 
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PETALING JAYA: Shares on Bursa Malaysia may have hit a speed bump on earnings worries and trickling foreign interest, as the benchmark index fell for a third day in a row despite renewed advances in both the ringgit and crude oil.

In contrast, both United States and Asian markets broke new highs this week, as investor sentiment towards equities continued to improve.

“The ringgit and crude oil continued to strengthen, but stocks are no longer following suit. There could be a greater downward momentum going forward, given that the index has failed to advance further over the past one month,” said the head of research of a bank-backed research house.

The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) closed down 2.24 points to 1,708.91 yesterday, having failed to sustain its advance after hitting an eight-month high of 1,727.99 points on April 15.

Over the past one month, the market has fluctuated in a tight range of between 1,700 and 1,725 points.

Elsewhere, the ringgit remained near its highest this year and was last traded at RM3.8667 to the dollar as at 6pm. Brent crude, meanwhile, was last traded at US$43.14 or not far from its recent year-to-date high of US$44.69.

As at Wednesday, the FBM KLCI had declined by 1.1% in value this week. On the other hand, the MSCI Asia ex-Japan Index, which is considered the regional benchmark, had risen by 3% over the same period.

However, despite yesterday’s close at 1,708.91 points, which represents its lowest close in April, the benchmark index has risen by 3.35% so far this year.

One sign of the recent uptrend slowing down is the lower level of foreign capital inflows in recent weeks.

According to MIDF Research in a recent note, for the week ended April 15, total foreign participation in stocks on Bursa Malaysia declined by 13%, having fallen by 16% the previous week.

Overall liquidity in the market has also fallen. The average daily value of shares traded last week amounted to RM833mil, which is the lowest weekly value so far this year, the research house noted.

Potential catalysts in recent days that could have propelled the index forward have also proven to be underwhelming.

A much-anticipated meeting between oil majors on April 17 failed to result in an agreement to freeze production, while China’s latest economic data on Monday showed that the country’s growth had sputtered to 6.7% during the first quarter of this year.

In a note yesterday, Hong Leong Investment Bank Research said that the trend of the FBM KLCI is likely to remain negative in the immediate future.

“The index is expected to see further consolidation due to fragile technical indicators, which have been on a downside bias since late March.

“Going forward, the FBM KLCI is set to test the support level of 1,700 points,” it said.

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Re: Spot KLCI Index
« Reply #120 on: April 22, 2016, 11:30:27 AM »



MALAYSIA’S ECONOMIC ENGINE SLOWER BY AS MUCH AS 20 PER CENT. ARE INVESTORS GETTING THE BEST BANG BY STAYING INVESTED ON BURSA MALAYSIA
Our Reporter | April 22, 2016
images
Kuala Lumpur :Malaysia’s economic juggernaut looks to have been stalled by high household debt, narrowing the room for domestic demand to push the economic engine.
As at of December last year, Bank Negara put household debts at 87.9 per cent of gross domestic product.
Reports seen by MyStock 118 paints much more troubling figure, as the household debt in Malaysia is the highest in South East Asia.
Bank of America Merrill Lynch and Standard & Poor’s both agree on this point.
The World Bank cutting Malaysia’s growth to 4.4 per cent, however did not raise eyebrows but what is raising concern is a projection done closer to home.
The Malaysian Institute Of Economic Research cutting Malaysia’s forecast growth to 4.2 per cent from 4.7 per cent though is a shocker.
MIER’s forecast is some 0.8 per cent of the 2015 GDP growth of 5 per cent. This is a drop of about 16 per cent year on year.
A closer look will show that in 2014, GDP growth came in at six per cent, meaning that if the MIER assesment for 2016 is spot on, then on a two year basis, some 1.8 per cent of growth have vanished.
To put it plainly the economic engine has gone slower by more than 20 per cent over a two year period.
With this in mind, investors should be asking themselves this question … should they be looking at other bourses apart from Bursa Malaysia for a better bang for their Ringgit

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Re: Spot KLCI Index
« Reply #121 on: April 22, 2016, 11:39:53 AM »
TPPA will stir things up again...SOON!  :clap:
malimalimaliongongongnotongchefbutishua thuatong

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Re: Spot KLCI Index
« Reply #122 on: April 23, 2016, 05:46:47 PM »



KL SHARES LIKELY LOWER NEXT WEEK
admin | April 23, 2016
KUALA LUMPUR, April 23 ― Bursa Malaysia will likely be lower next week as unfavourable external factors are expected to affect buying sentiment.

A dealer said the local market would be clouded by cautious sentiment ahead of the Federal Open Market Committee meeting scheduled from April 26-27, 2016.

“Given the uncertainty ahead of the meeting, we expect this to dampen buying sentiment,” he said.

On the technical front, Kenanga Research Head of Research, Chan Ken Yew, said the FTSE Bursa Malaysia KLCI (FBM KLCI) would likely remain range-bound next week, so long as it was still capped below the 1,727-1,730 resistance.

“As indicators have weakened, we do not rule out further correction towards 1,700-1,710 in the near term,” he told Bernama.

On a weekly basis, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell by 10.03 points to 1,717.96 from 1,727.99 last week.

The FBM Emas Index declined 58.58 points to 11,938.49, FBMT100 Index eased 65.23 points to 11,627.98 and the FBM Emas Syariah Index was 52.01 points lower at 12,487.75.

On a sectoral basis, the Finance Index fell by 126.05 points to 14,908.65, Plantation Index eased 34.39 points to 7,750.86 and the Industrial Index was 20.02 points lower to 3,270.95.

Weekly turnover leaped to 8.6 billion units valued at RM9.25 billion from 8.17 billion units valued at RM8.65 billion last week.

Main market volume rose to 6.37 billion shares valued at RM8.89 billion from 5.61 billion shares valued at RM8.21 billion previously.

Warrant turnover fell to 920.23 million units worth RM110.71 million from 997.74 million units worth RM130.26 million last Friday.

The ACE market declined to 1.3 billion shares valued at RM259.39 million from 1.56 billion shares valued at RM305.06 million last week. ― Bernama
Source: The Malay Mail

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Re: Spot KLCI Index
« Reply #123 on: April 25, 2016, 08:34:37 AM »



Monday, 25 April 2016
Many companies that held back listings going back to Bursa






 To date, four companies have successfully listed on the Main Market, raising funds up to RM627mil compared with RM1.09bil raised from rights issues.  In the pipeline, three companies were scheduled for Main Market listing while six were going for Ace Market listing.
To date, four companies have successfully listed on the Main Market, raising funds up to RM627mil compared with RM1.09bil raised from rights issues. In the pipeline, three companies were scheduled for Main Market listing while six were going for Ace Market listing.
 
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PETALING JAYA: Many companies which held back their initial public offerings (IPOs) last year are going for listing on Bursa Malaysia this year.

“This year, there are more listings but among them, some deals were rescheduled from last year due to changes in the proposals or market sentiments,” MIDF Research said.

To date, four companies have successfully listed on the Main Market, raising funds up to RM627mil compared with RM1.09bil raised from rights issues.

In the pipeline, three companies were scheduled for Main Market listing while six were going for Ace Market listing.


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The three companies eyeing for Main Market status include process control equipment and measurement instruments distributor Dancomech Holdings Bhd, property firm Eco World International Bhd as well as quarry operator and raw material supplier Spring Energy Resources Bhd.

Meanwhile, the firms targeting to list on the Ace Market included healthcare furniture and equipment manufacturer LKL International Bhd, commercial laundry and medical device distributor BCM Alliance Bhd, public transport services provider Perak Transit Bhd, glove-dipping lines manufacturer HLT Global Bhd, electronic components maker Salutica Bhd and project management services provider HSS Engineers Bhd.

“Sizes of IPOs are getting smaller. For instance, there are six companies planning for Ace Market listing this year compared to four last year.

“Three Ace Market firms were listed in 2014 and one in 2013,” the research house said, adding that some of the smaller companies listed since 2015 were well-received as seen from high oversubscription rates and share price performance.

“That’s partly due to the limited number of shares offered to the public on top of other factors such as the industry they’re in or their business models.”

Last year showed a wider mix of construction, technology, consumer, industrial products, utility, transport and manufacturing counters. “One year on, there are more manufacturers and distributors from various industries that target to get listed this year,” MIDF Research said.

It added that valuation wise, they varied according to their respective sectors and company prospects, with most of their historical price-to-earnings ratio ranging in the teens based on IPO price.

Upcoming IPOs were expected to be priced at realistic levels so that a good balance was struck between demand and valuation.

“Stocks that are reasonably valued at IPO price also tend to see higher upside after the listing,” MIDF Research said.

Notably, nine out of the 15 companies listed since 2015 have seen at least double-digit growth in their share prices from their IPO prices, showing sustainable healthy interest drawn from investors.

“Retail investors seem to favour penny stocks as share prices of these counters saw sharper movement on their debuts. A couple of them sustain the interest with double-digit performance to-date while some thematic plays such as technology stocks saw periodical interest before they gave up some gains,” it said.

On the other hand, construction stocks were still favoured by investors such as Sunway Construction and Ikhmas Jaya as they showed robust performance due to their strong orderbook coverage and the sanguine sentiment for the sector as well as steady contract flow for the year.

Unchanged counters such as food and beverage special-purpose acquisition company Red Sena recorded a double-digit dip among all the listings since 2015

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Re: Spot KLCI Index
« Reply #124 on: April 25, 2016, 02:18:46 PM »



Flash
Bursa Malaysia's 1Q net profit up 6% on year at RM50m
By theedgemarkets.com / theedgemarkets.com   | April 25, 2016 : 1:27 PM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
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Flash: Bursa Malaysia's 1Q net profit up 6% on year at RM50m

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Re: Spot KLCI Index
« Reply #125 on: April 26, 2016, 08:18:47 AM »



财经  2016年04月25日
洁蒂接班人迟迟未定 市场忐忑不安

洁蒂接班人迟迟未定 市场忐忑不安

(吉隆坡25日讯)不到一周的时间,丹斯里洁蒂博士就会卸下国家银行总裁的职务,但接班人选却迟迟还未宣布。

在洁蒂担任国家银行总裁16年的任期內,她增强了国行的公信力及独立性,深受投资者爱戴。然而,越来越多市场人士担忧,大马首相拿督斯里纳吉的政治事件。

《彭博社》引述穆迪(Moody's)澳洲私人有限公司经济学家钱伯斯(JackChambers)报导指出,由于洁蒂的接班人仍未確认,市场忐忑不安的情绪特別明显。自去年令吉匯率下跌19%后,令吉年头至今上涨约10%,其隱含波动率是亚洲最高的货幣。

今天下午5点,令吉兑美元匯率报3.9075。

目前为止,纳吉並没有释放或暗示何时將公布洁蒂接班人的讯息。

根据《新海峡时报》报导,纳吉將在本周內公布。与此同时,国家银行也没有回应记者通过电邮的提问。

新总裁4候选人

根据知情人士指出,共有4名国行新总裁候选名单。

1.依布拉欣-国行副总裁

首名潜在候选人,则是目前的国行副总裁莫哈末依布拉欣。他在1984年加入国家银行,而在2010年6月正式担任副总裁职位。

钱伯斯指出,若是从国行內部挑选新接班人,將维持国行的独立性形象。

2.依尔万-財政部秘书长

第2潜在候选人则是財政部秘书长丹斯里依尔万,他在1984年起就加入政府经济计划单位工作,而在2003年加入財政部。

3.阿都瓦希-首相署部长

而第3位潜在候选人是首相署部长拿督斯里阿都瓦希,他曾在一些官联公司(GLC)担任要职,包括马银行(MAYBANK,1155,主板金融股),隨后纳吉则在2013年委任他负责经济计划。

4.阿旺阿迪-前財政部副部长

最后一位潜在候选人则是大马驻美国大使拿督阿旺阿迪,他是前財政部副部长,在宾夕法尼亚大学沃顿商学院(University of Pennsylvania's Wharton School)修读经济博士学位。阿旺阿迪在1985年加入国行,工作超过10年,並且担任国行总裁助理。

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Re: Spot KLCI Index
« Reply #126 on: April 26, 2016, 08:21:00 AM »



Bursa Malaysia’s Q1 earnings up 6% on higher revenue
Posted on 26 April 2016 - 05:36am
Print
PETALING JAYA: Bursa Malaysia Bhd’s first quarter earnings improved by 6.1% compared to the same period last year, on the back of higher operating revenue.

Revenue for the period ended March 31, 2016 (Q1’16) was up 5.38% to RM133.93 million from RM127.09 million.

In a statement, the exchange said its annualised return on equity remained stable at 26% as did the cost-to-income ratio at 47% for the period under review.

“Despite challenging market conditions and ongoing global volatility, growth in the first quarter results remain positive,” Bursa Malaysia CEO Datuk Seri Tajuddin Atan said in a statement yesterday.

He noted that while trading revenue in the securities market decreased marginally due to lower activities, the derivatives market’s trading revenue increased, as did the Islamic Capital Market’s Bursa Suq Al-Sila (BSAS) trading revenue following the adoption of the Murabaha concept and wider acceptance of tenor-based pricing.

For the period under review, the average daily trading value (ADV) for the securities market’s on-market trades fell by 4.8% to RM1.98 billion as a result of lower trading activities.

The average daily contracts for the derivatives market fell by 4.1% to 57,878 contracts, though there was an increase in FTSE Bursa Malaysia KLCI Index futures (FKLI) contracts by 23.8% to 13,105 contracts.

On the Islamic capital market front, BSAS recorded a 57.7% increase in its ADV to RM18.7 billion with continuous growth from both domestic and foreign participation.

“Despite continued market volatility, macroeconomic indicators such as a recovery in oil prices and the value of the ringgit, combined with capital market indicators such as foreign inflows and FBM KLCI resistance levels at 1,700... point towards a resilient market environment,” Tajuddin said.

He added that the integrity of the market is intact, with markets remaining fair and orderly, while the financial stability of market participants and intermediaries are at healthy levels.

“Notwithstanding the current volatility, I still believe our market is sustainable at the core, and I remain cautiously optimistic on the outlook for the rest of 2016. On our part, we will continue to monitor the state of the market and intensify our engagements to attract more retail and institutional participation,” Tajuddin said.

Bursa’s share price went down 10 sen or 1.1% to RM8.63 yesterday.

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Re: Spot KLCI Index
« Reply #127 on: April 26, 2016, 02:13:08 PM »



Ringgit on decline, KL shares lower with 1MDB default
Published: April 26, 2016 11:53 AM GMT+8

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The ringgit continues to slip against the US dollar while KL shares are also in negative territory. — File pic
The ringgit continues to slip against the US dollar while KL shares are also in negative territory. — File pic
KUALA LUMPUR, April 26 — The ringgit headed for its longest stretch of losses since November and stocks were set for the lowest close in a month as troubled state investment company 1Malaysia Development Bhd confirmed it’s in default after missing an interest payment on bonds.

The company is withholding a US$50 million (RM196.9 million) payment on US$1.75 billion of dollar notes amid a dispute with International Petroleum Investment Co, Abu Dhabi’s sovereign wealth fund that is the co-guarantor of the bonds maturing in 2022, according to an e-mailed statement. The deadline was yesterday. The cost to insure Malaysia’s government debt rose to the highest level in seven weeks.

“At the margin, this has to be negative for the ringgit,” said Nizam Idris, the Singapore-based head of strategy for fixed income and currencies at Macquarie Bank Ltd. “Obviously, contingent liability on the government as well as rating risk is there.”

The currency declined for a fourth day, its longest run of losses since Nov 2, according to prices from local banks compiled by Bloomberg. It fell 0.7 per cent to 3.9355 per dollar as of 10.36am in Kuala Lumpur, the biggest slide in a month and taking its drop in April to 0.7 per cent.

“While 1MDB has the funds to have made the interest payment, it is 1MDB’s position, as a matter of principle, that it was IPIC’s obligation to do so,” the company said. “Until IPIC accepts that all obligations have been met, 1MDB is obliged to withhold payments and will seek legal recourse and resolution.”

1MDB bonds


 
Five-year credit-default swaps climbed four basis points to 167 basis points, prices from Nomura Holdings Inc show. That leaves the measure set for its highest close since March 8, according to data provider CMA.

The price of 1MDB’s 4.4 per cent dollar bonds due in 2023 dropped five cents on the dollar to 85 cents, Bloomberg-compiled data show. The yield surged 94 basis points to 7.10 per cent. Ten-year government ringgit notes also fell, pushing the yield up one basis point to 3.83 per cent, according to Bursa Malaysia prices. The FTSE Bursa Malaysia KLCI Index of shares retreated 0.5 per cent.

The missed 1MDB payment triggered cross defaults on RM7.4 billion ringgit of the company’s debt, the statement said. The firm has been in dispute over its debt obligations to IPIC under an agreement reached in May last year.

As part of the pact, the wealth fund said then it would assume obligations to pay interest due under US$3.5 billion of 1MDB bonds that it guaranteed. IPIC said this month that Malaysia’s state fund was in default after failing to pay it more than US$1 billion in connection with a loan. — Bloomberg

- See more at: http://m.themalaymailonline.com/money/article/ringgit-on-decline-kl-shares-lower-with-imdb-default#sthash.1ncUj58k.dpuf

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Re: Spot KLCI Index
« Reply #128 on: April 26, 2016, 06:03:34 PM »



10官股 欠债千亿
头条 全国  2016-04-26 07:39

 

阿南达(左起) 、林国泰及杨忠礼等富豪, 出现在“高债” 排行榜中。

(吉隆坡25日讯)国内企业频频举债推动发展,政府官联公司也不例外,《南洋商报》统计上市公司的年报和彭博社最新数据所得,大马股市内举债最高的10只官股,总债务高达1117.56亿令吉,欠债额极为惊人。
而国内举债最高的30只股项,总欠债更高达3301.06亿令吉。
根据统计,共有3家官股的举债超过百亿,分别为国家能源(TENAGA,5347,主板贸易服股)、森那美(SIME,4197,主板贸服股),以及亚通(AXIATA,6888,主板贸服股)。
公司为了发展举债并不稀奇,但在大马股市中,举债额最高的10只官股总债务达到1117.56亿令吉的惊人水平!
《南洋商报》根据上市公司的年报和彭博社的数据,统计出一份“30大欠债上市公司”的榜单。
30只举债额最高的股项,合共欠债3301.06亿令吉,而这10只官股所欠的债务占整个榜单总欠债额的33.85%。
随着生意规模越大,上市企业的举债规模也颇大,以便应付日常营运和未来策略发展。

国能举债304亿居冠
根据《南洋商报》统计,有9家公司举债超过百亿令吉,当中官联股就占了3席。这3家举债超过百亿,堪称“债务大到不能倒”的官股,欠债665.52亿令吉,占10家举债最高的挂牌公司总债务31.92%。
负债最高的官股是国家能源(TENAGA,5347,主板贸易服股),债务高达304.4亿令吉;依序及欠债超过100亿的官股包括森那美(SIME,4197,主板贸服股)197.2亿令吉、亚通(AXIATA,6888,主板贸服股)163.92亿令吉。
其他入榜的官股有莫实得(BSTEAD,2771,主板贸服股)80.34亿令吉、马电讯(TM,4863,主板贸服股)75.84亿令吉、IHH医疗保健(IHH,5225,主板贸服股)66.96亿令吉、马国际船务(MISC,3816,主板贸服股)65.04亿令吉、大马机场(AIRPORT,5014,主板贸服股)58.98亿令吉、土展创投(FGV,5222,主板种植股)54.44亿令吉及实达集团(SPSETIA,8664,主板产业股)50.44亿令吉。
30大欠债上市公司所欠的债务以长期债务较多,达2690.31亿令吉,而短期债务只有约610.75亿令吉或18.5%。
阿南达林国泰偏高 杨忠礼集团举债居冠
纵观所有上市公司的债务规模,由丹斯里杨忠礼控制的两家上市公司总债务达653.02亿令吉,同时名列前三名。
杨忠礼机构债务392亿
《南洋商报》根据彭博社数据计算,杨忠礼机构(YTL,4677,主板建筑股)是国内举债最高的上市公司,总债务达392.52亿令吉,长期债务高达362.75亿令吉。
而同样由杨忠礼控制的杨忠礼电力(YTLPOWR,6742,主板基建股),举债额达260.49亿令吉,排名在第三。
排名第二的是国家能源(TENAGA,5347,主板贸易服股),债务高达304.40亿令吉。
在这次整理的榜单中,我们也看到一些耳熟能详的富豪所控制的公司,出现在高债名单中。
例如丹斯里林国泰的云顶(GENTING,3182,主板贸服股)和云顶马来西亚(GENM,4715,主板贸服股)也在榜中。
云顶的债务高达185.05亿令吉,是国内第五高;云顶马来西亚则举债共46.25亿令吉,排名29,同时债务对资本比率也较低,约19.49%而已。
另外,我国富豪榜的“万年老二”阿南达克里斯南,他控制的明讯(MAXIS,6012,主板贸服股)举债98.78亿令吉,排名第10;而布米阿马达(ARMADA,5210,主板贸服股)则排名第13,债务达80.3亿令吉。

【點擊放大圖片】
存款列债务每天在变化 未列银行金融机构
需要注意的是,《南洋商报》这次整理的30举债上市公司榜单中,并没有将银行和金融机构计算在内。
这是因为银行业务性质与一般企业不一样,银行的债务除了一般贷款、债券等。更难拿捏的是,客户的存款,在银行机构的账务上,也被归类为“债务”之一,因为这些钱必须归还给客户。
而各银行和金融机构所收到的存款,每天都会有变化,而且起落可能很大,故很难精准计算。
另整理债务清单
也因此,本报将其撇出原本的榜单,但根据各金融机构最新的年报资料,另外整理一份只有金融股的清单作比较。
根据彭博社的计算方式,若将存款、回购证券、债务、资本证券、债券等计算在内,本地银行巨头马银行(MAYBANK,1155,主板金融股)的“债务”数目最大,高达1034.35亿令吉。
排名第二的是联昌国际(CIMB,1023,主板金融股),高达685.58亿令吉。
兴业资本(RHBCAP,1066,主板金融股)则以424.39亿令吉,排名第三。
另外,最令华裔骄傲及信赖的大众银行(PBBANK,1295,主板金融股),所有存款、回购证券、债务、资本证券、债券的总和是239.21亿令吉,排第四;这数额也比杨忠礼机构、杨忠礼电力和国能的债务规模低。
债务对资本比仅86% 高债未必高危
举债高,不代表公司一定不健康,越大的公司举债更多的机率比较高,因为大公司需要更多资金周转和发展业务。
衡量一家公司是否有能力偿还债务,一般会用债务对资本比率作为指标,比率越高表示公司的偿债能力更弱,同时债权人的风险也更大。
《南洋商报》这次也同时统计上市公司的负债额和资本进行对比,并列出30最高的排行榜,发现举债额最高的3家公司的比率并不算很高。
当中,只有杨忠礼电力(债务对资本比率67.37%)进入首30的榜单,而且只排名26。
而杨忠礼机构债务对资本比率为64.35%;国能则仅38.12%,两者都不在债务对资本比率30最高上市公司榜中。

Astro负债比偏高
反观阿南达克里斯南企业王国中的Astro(ASTRO,6399,主板贸服股),虽然总债务只有38.05亿令吉,但却属于债务对资本比率偏高的公司,达86.11%,在榜中排第六。
RA通讯欠3251万 4.3倍负债比称冠
根据《南洋商报》统计,债务对资本比率最高的30公司,总欠债高达851.63亿令吉,短期债务占14.23%。
当中,有4家公司的债务对资本比率超过3倍,而名列榜首的是去年5月因财务问题,被列入“GN3”的RA通讯(RA,0110,创业板)。
该公司虽然只欠债3251万令吉,但债务对资本比率却高达430.71%,意即该公司每一令吉的资本,就有4.3令吉债务。
更可怕的是,总债3251万令吉中,竟有近97%都是短期债务,反映该公司的财务状况问题严重。
而债务对资本比率第二高的则是PN17公司裕丰(YFG,7122,主板贸服股),达322.51%,总债务为3091万令吉,包括约71%是短债。
锺廷森欠17.22亿
另外一只令人关注的股,是“钢铁大王”丹斯里锺廷森的金狮(LIONCOR,3581,主板工业产品股)。
彭博社的数据显示,金狮共举债17.22亿令吉,但对资本比率高达314.47%,举债规模大、债务对资本比率也高。
另一家债务对资本比率超过300%的公司,为PN17公司海产资源(HAISAN,7110,主板贸服股),债务1.14亿令吉。

新闻小知识:债务对资本比率
债务对资本比率(Debt to capital ratio)指的是总债务和股东权益之间的对比。这个金融比率是反映企业偿债能力、公司资本结构和利用外借资金程度的重要指标之一。
一家公司的资本可分为权益资本和债务资本,而计算债务对资本比率的公式是:债务资本比重=债务资本/总资本=负债/总资产。
计算后得出的巴仙率,比率越小表示公司偿债能力越强;在经营状况良好的企业中,若比率较大则表示公司可通过财务杠杆来扩大经营规模。
但与此同时,比率越高也反映了公司举债越高,假如比率太大,企业债务负担可能过重,这对债券人不利,而且倒闭的风险也更大。
独家报道:谢静雯

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Re: Spot KLCI Index
« Reply #129 on: April 27, 2016, 11:01:37 AM »



FBM KLCI SHOWS BEARISH DIVERGENCE
admin | April 27, 2016
This article first appeared in The Edge Financial Daily, on April 27, 2016.
 
Categories: Latest NewsCorporate
Source: The Edge

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Re: Spot KLCI Index
« Reply #130 on: April 27, 2016, 11:05:11 AM »



Bursa’s 1QFY16 net profit below expectations
By CIMB Research / The Edge Financial Daily   | April 27, 2016 : 10:48 AM MYT   
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This article first appeared in The Edge Financial Daily, on April 27, 2016.

 

Bursa_Table_FD_27apr16_theedgemarketsBu rsa Malaysia Bhd
(April 26, RM 8.61)
Maintain hold with a target price (TP) of RM8.44: Bursa Malaysia Bhd’s first financial quarter ended March 31, 2016 (1QFY16) net profit was below expectations, at only 23% of our full-year forecast and consensus. This was mainly attributable to the weaker-than-expected revenue for both equity and derivative income. As per norm, there was no dividend declared in 1QFY16. The company’s net profit advanced by 5.9% year-on-year (y-o-y) in 1QFY16 on the back of a 5.4% rise in revenue.

Malaysia’s equity market average daily trading value fell by 4.8% y-o-y to RM1.98 billion in 1QFY16 because of: i) decline in market velocity from 30% in 1QFY15 to 29% in 1QFY16; and ii) 1.7% y-o-y drop in market capitalisation to RM1.71 trillion as at end-March. The above were partly offset by the increase in effective clearing fee rate from 2.31% a year ago to 2.38% in 1QFY16. Overall, Bursa’s 1QFY16 equity trading income contracted marginally by 0.7% y-o-y to RM57.1 million.

The derivative business turned in a better performance with a 9.6% y-o-y increase in income to RM22.5 million. This was mainly driven by higher guarantee and collateral management fees from a low base in 1QFY15. However, it was a negative surprise that the number of average daily contracts fell by 4.1% y-o-y to 57,900 in 1QFY16.

In 1QFY16, equity income was still the biggest contributor to Bursa’s total revenue, although its contribution dropped from 48% a year ago to 45.3% in 1QFY16. On the other hand, the share of derivative income as a percentage of Bursa’s total revenue increased from 17.1% in 1QFY15 to 17.8% in 1QFY16

The weaker-than-expected 1QFY16 results prompt us to cut our FY16 to FY18 ending Dec 31 net profit forecast by about 2.5%, as we reduce our revenue forecast by 2.8%. This led to a drop in our TP from RM8.66 to RM8.44, still pegged to a target FY17 price-earnings ratio (PER) of 19.4 times, derived from a 10% discount to its five-year average PER of 21.4 times. Although we are bullish on the outlook for the equity market in 2016, Bursa remains a “hold”, given its high valuation of 20.3 times FY17 PER and 5.6 times FY17 price-to-book value. — CIMB Research, April 25

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Re: Spot KLCI Index
« Reply #131 on: April 30, 2016, 07:02:50 AM »



财经  2016年04月29日 | 记者:赖尧章
业绩旺季料无惊喜 马股5月走势不乐观

1
业绩旺季料无惊喜 马股5月走势不乐观
市场人士认为,马股在5月份料继续呈下跌格局。(档案照)

(吉隆坡29日讯)由于外资过去一周大举撤资,导致大马股市失守1700点,並成为4月份表现第2差的区域股市,市场人士认为,马股在5月份料继续呈下跌格局,皆因来临的业绩旺季相信不会有惊喜,市场亦未见显著的利好因素。

亚洲股市在4月份几乎全线下跌,上升及下跌的股市各有2个和9个(参阅附表)。其中,澳洲悉尼普通指数的表现最好,过去一个月共涨3.33%,至5252.22点。而台湾加权指数的表现最差,过去一个月急跌4.20%,至8377.90点。

大马股市的富时综合指数仅好於台湾股市,综指在最后一个交易日一度跌深至全天最低的1660.92,惟在尾盘最后10分钟,戏剧性地从1663点急速收窄跌幅,最终以全天最高的1672.72点掛收,全天只跌2.04点或0.12%。而马股过去一个月在1665.02点至1727.99点之间波动,整个月共跌44.86点或2.61%。

在4月份的最后一周,市场上的有利和不利消息穿插出场,令原本平淡无奇的马股剧烈波动。率先出街的不利消息,是一马发展有限公司(1MDB)在26日宣佈其总值17亿5000万美元(相等於68亿9500万令吉)债券违约;但首相署在隔天27日捎来好消息,现任国家银行副总裁拿督莫哈末依布拉欣將升任为新总裁。

而美联储在当地时间28日结束为期2天的议息会议后,一如预期般没加息。尔后日本央行则出手预料的没有进一步放宽货幣政策,导致日股大跌,日圆则飆升。

市场人士表示,外资在4月最后第2周放慢注资,並在最后一周大手卖股套利,导致综合指数失守1700点关口。因此,马股5月份的前景不太乐观。

达证券基金经理朱瑞麒受询时表示,5月份的股市向来比较疲弱,相信会和4月份一样呈下跌格局。除了企业季度业绩之外,马股在5月基本上没有看头。

同时,抽佣经纪卢文豪说,过去一周,综指继3月16日后再失守1700点关口,能否在5月重返该水平,很大程度上取决外资的动向和上市公司的季度业绩。



6月才是关键

不过,朱瑞麒和卢文豪均认为,上市公司今年首季的净利表现,应该不会有太大的惊喜。但国际油价及令吉匯率均已回扬,料可为马股带来一定的扶持。

此外,朱瑞麒也说,「我认为,6月份才是股市的关键期,因为法国举办的欧洲足球锦標赛將拉开帷幕,投资者和基金经理將暂时休假追看球赛。加上,英国也將在当月举行公投,决定是否要留在欧盟,这也是左右金融市场的一项不確定因素。」

正因如此,朱瑞麒建议,短线投资者可在5月份退场观望,长线投资者则可逢低买进。

在综指成份股方面,过去一个月的3大上升股,分別是兴业资本(RHBCAP,1066,主板金融股)上涨3.73%;国家能源(TENAGA,5347,主板贸服股)扬升3.01%;及马电讯(TM,4863,主板贸服股)略起0.76%。

至於3大下跌股,则是英美烟草(BAT,4162,主板消费股)急挫15.10%;明讯(MAXIS,6012,主板贸服股)滑落11.81%;以及沙布拉肯查纳石油(SKPETRO,5218,主板贸服股)降跌11.29%。

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Re: Spot KLCI Index
« Reply #132 on: April 30, 2016, 04:45:15 PM »



BURSA HAS WORST WEEK SINCE SEPTEMBER 2015, BUT HEY COMPARED TO REST OF ASIA, WE SHOULD BE GLAD WHERE WE ARE
Our Reporter | April 30, 2016
20160429_222918
Kuala Lumpur : Malaysian shares recorded their worst week in seven months, turning the KLCI lower for the year, as a default by state fund 1Malaysia Development  overshadowed  crude oil rally.

The FTSE Bursa Malaysia KLCI saw red for the sixth consecutive session declining 0.12 per cent on Fridayto 1,672.72 points, its lowest level since March 1.

The index slid 2.6 per cent, the biggest weekly percentage decline since September. The brouse is now down 1.1 per cent for the year.

Those are FACTS. What is not FICTION either, is there was a big sell down in equities across Asia.

MyStock 118, says let’s look at the figures because the number’s do not lie, not even to sooth the perception of an angry public or to smoothen the ego of politicians in Putrajaya.
THE NUMBERS SHALL SPEAK AS IT IS FOR ITSELF.
In the business week, just ended, Singapore’s Straits Times and Indonesia’s Jakarta Stock Exchange Composite  closed 3.5 per cent and 1.5 per cent lower.
Thailand’s SET index was down 0.44 per cent lower while Philippine’s PSE Composite index slipped 1.32 per cent for the week.
South Korea’s KOSPI and China’s Shanghai Composite fell one per cent and 4 per cent this week, while Hong Kong’s Hang Seng declined 1.9 per cent, leaving  Japan’s Nikkei 225 holding the baby as Asia’ worst performer for the week with a slump of 4.2 per cent.

The Ringgit traded at RM3.903 against the US dollar.

At this level the Ringgit is Asia’s BEST performing currency notching a year todate gain of NINE per cent against the US Dollar.

The icing in the cake though is that April’s 20 per cent crude oil rally, that helped pushed the commodity to slightly more than US$48 a barrel.

This means  crude oil is now trading well above the government’s own forecast as outlined in the 2016 budget.

Prices of crude palm oil, Malaysia’s golden crop stood as at yesterday at RM2,560 a tonne.

A year ago, to this month, crude palm oil was  being sold in the international market at RM2,102 a tonne.

On a one year basis, Crude Palm Oil is up by RM458 a tonne, with analyst BETTING that before this year is OVER, the golden crop shall be going for nothing less than RM3,000 a tonne.

So there you have it folks, the number’s that are not FICTION,  which some in an increasingly DIVIDED Malaysia, stay muted on.

FACTS, it is said are more often than not, much STRANGER than FICTION.

It is FACTUALY  correct to say that this week was a BAD week for MALAYSIA.

Though  bear in mind, when COMPARED to the week, the guys at Shanghai, Tokyo, Jakarta and Singapore just had, our’s was a mere stroll in the park.

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Re: Spot KLCI Index
« Reply #133 on: April 30, 2016, 06:52:52 PM »



1MDB风波延烧技术指标转弱 马股5月走势不妙
财经新闻 财经  2016-04-30 08:33

 

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(吉隆坡29日讯)由于受到一个马来西亚发展有限公司(1MDB)违约风波拖累,加上技术指标转弱,反映马股5月展望欠佳,但不至于进入熊市。
富时隆综指在本周二(26日)跌破1700点关键心理水平后,今日更自3月以来首次跌破200天平均移动线。
兴业投行技术分析员廖志豪向《南洋商报》指出,目前的指标显示马股投资者已转为悲观情绪,但不代表是熊市的开始。
“除非综指跌破1600点,才是进入熊市的信号。”
他指,特别是跌破1700点,这反映出短期内呈现负面走势。
受到近期市场卖压拖累,综指在1700点水平以上的坚持力度不足,仅维持了1个月左右。
在1MDB违约事件爆发后,加剧了市场对我国政府连带负债(Contingent Liabilities)风险的忧虑,拖累综指在本周二(26日)跌破1700点,之后走势一蹶不振。
今日,综指持续延续跌势,闭市收低2.04点或0.12%,报1672.72点;按周则下跌45.24点或2.63%。
此外,强弱指标(RSI)也向下滑至30,反映出市场接近超卖迹象。
综指试攻1700不果
回顾马股表现,丰隆投行研究主管兼经济学家徐克宇表示的,外资在3月对股市转为非常正面的看法,因为油价已从谷底反弹,且政府修正财政预算案,让投资信心大增。
到了4月油价也持续回升,为市场带来推动力,数日后爆发的1MDB违约事件,却影响马股走势。
“从技术来看,综指一直尝试冲破1700点,但最后仍失败,并进入横摆趋势,因为很多投资者没想到1MDB的课题,会演变到那么严重,因此投资者情绪相当负面。”
不过他认为,1650点是强劲的扶持水平。
徐克宇进一步表示,即便大马国家银行在本周三(27日)公布新总裁为拿督慕哈末后,也无法抵销1MDB带来的负面效应。
拖慢减赤步伐
“1MDB的课题在未来两周将持续延烧,因为有一批与国际石油投资公司(IPIC)有关的债券,将在5月11日到期。
因此,市场都会关注两个机构之间的纠纷会演变到何种程度。”
他补充,假设这成为我国政府必须承担的债务,将会拖慢降低财政赤字的步伐。
他总结,5月份投资情绪将受到1MDB左右,加上一般上会出现的‘五穷月’(Sellin May and go away)魔咒,也会影响股市。
亚股大多承压
本周,外围充斥不稳定因素,包括日本央行意外维持政策不变,以及4月份美联储联邦公开市场委员会(FOMC)会议的指引含糊,导致亚洲市场陷入黯淡。
此外,美国首季国内生产总值(GDP)增速放缓至0.5%,写下两年来最慢逊预期,再次引起市场对全球经济的忧虑。
今日亚股普遍收跌,其中表现最逊色是香港恒生指数,全日下跌320.98点或1.5%,达2万1067.05点。
本周的表现也拉低区域股市在4月份的表现,除了恒生指数之外,全部都下跌。
其中,台湾加权指数的跌幅最大,达4.2%,紧接而来则是综指,一个月内下挫2.61%。
长线投资建筑股
由于市场情绪疲弱,所以徐克宇认为,在1MDB课题的疑虑消除前,建议投资者暂时离场。
对于长期投资者,他认为,可投资在建筑相关股票,因为整体建筑业展望乐观。
“首季合约颁发频繁,相信接下来会延续动力,因为还有很多合约有待释出,包括轻快铁、捷运第二路线配套、泛婆罗洲大道等等。在合约强劲之际,肯定会推动建筑股净利。”
此外,他也建议大型股如国家能源(TENAGA,5347,主板贸服股)和西港控股(WPRTS,5246,主板贸服股),因为净利稳定,不受卖压影响。
至于涉及到1MDB的金融股,他认为将面对卖压。另外,廖志豪则认为,公司规模是投资关键。
“我建议,投资在1亿美元(3.9亿令吉)市值以上的股票,因为他们有足够承受卖压的能力。”
报道: 姚思敏

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Re: Spot KLCI Index
« Reply #134 on: May 03, 2016, 08:29:21 AM »



Tuesday, 3 May 2016
Bleak corporate earnings ahead
BY AFIQ ISA







   
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Sluggish global economic outlook and weak domestic consumption among contributing factors

PETALING JAYA: There are signs emerging that overall corporate earnings during the current results season will be weaker than last year.

Despite a recent rally in shares, which was partly attributed to foreign capital inflows, analysts have said that prospects of a sustained earnings recovery remain weak due to a multitude of factors.

The steep 3% decline in the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) during the final week of April underscored the concerns by investors that share prices may have exceeded fundamental justifications yet again.

In an April 27 note, UOBKayHian Research said external and domestic socio-economic structural challenges would persist this year.

“Key challenges ahead include slowing domestic consumption growth and a steadily rising unemployment rate, which had crept up to 3.4% in February. Corporate earnings growth, which has derailed from gross domestic product (GDP) growth over the past three years, is just making a meek mid-single-digit growth recovery in 2016,” it cautioned.

According to UOBKayHian, a more recent phenomenon is the large selldown of high-flying stocks such as Globetronics Technology Bhd and Cahya Mata Sarawak Bhd, which it said was indicative of a market-wide profit-taking activity among investors. Between April 25 and April 29, the FBM KLCI dropped from 1,713 points to as low as 1,660 points.

Banks and telcos, which take up a large proportion of the FBM KLCI’s component stocks and are particularly vulnerable to domestic headwinds, led the decliners. The benchmark index closed at 1,672,20 points on April 29, its lowest in two months.

It is no surprise that the FBM KLCI companies are viewed as the bellwether of economic growth.

According to official estimates by Bank Negara, Malaysia is projected to achieve a GDP of between 4% and 4.5% this year. The country’s GDP grew at 5% last year, thanks to greater contribution from manufacturing exports due to the weaker ringgit, which offset the downturn in commodity prices.

With the economy expected to grow at a slower pace, it begs the question as to how companies intend to grow their earnings base in the coming year.

Tenaga Nasional Bhd’s (TNB) sales figures from its recent results can be used as an indicator of electricity demand in the manufacturing sector, a key backbone to the nation’s economic and trade growth.

Electricity usage tends to be correlated with economic growth, as about three quarters of TNB’s electricity sales come from industrial and commercial users.

While analysts had initially projected slower sales due to the lower GDP forecast this year, the recent heat wave had the effect of boosting electricity demand to an all-time high of 17,788MW on April 20. TNB reported a 4% increase in electricity demand during its second quarter ended Feb 29, 2016.

However, according to AllianceDBS in a recent note, over the same period, growth from domestic users increased by 12%, outpacing the 6% growth recorded by commercial users. This could mean that the bulk of added electricity demand since then mostly arose from domestic users as opposed to commercial ones.

Not only are companies cutting cost to cope with higher electricity charges, the slowing demand for products has also caused their utilisation rates to go down. This means that the earnings prospects for these manufacturers would be flat at best, analysts said.

Elsewhere, the consequence of lower domestic consumption even had an impact on so-called defensive companies which are supposed to weather the effects of an economic downturn better than most.

For example, shares of British American Tobacco (M) Bhd fell to a four-year low recently after reporting a 28% plunge in year-on-year (y-o-y) profits to RM172.61mil for the first quarter of financial year 2016. The company’s monthly average sales volume has also declined by 34% y-o-y as consumption continued to decline.

Going forward, the current weakness seen in the stock market may start to be reflected in corporate earnings as more companies disclose their results in the coming months.

“The sluggish global economic outlook and weak domestic consumption will likely lead to lacklustre first-quarter earnings. Aside from aviation and construction, there are few other sectors to get excited about this year in terms of significant earnings growth,” said a bank-based research house analyst.

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Re: Spot KLCI Index
« Reply #135 on: May 03, 2016, 08:34:18 AM »



财经  2016年05月02日 | 记者:陈智浩
內外因素夹攻 马股看跌

內外因素夹攻 马股看跌

由于一马发展公司(1MDB)违约事件持续燃烧,外资卖股套利,加上日本央行经济政策令市场失望,市场人士认为,马股本週仍会处于下行趋势。迈入5月份,由于周一(2日)是劳动节补假,马股休市1天,本周只有4个交易日,全周交易量將相对减少。

按周比较,富时综合指数从前周的1717.96点,下跌45.24点或2.63%,至1672.72点。全周成交量从86亿零175万股提高13.52%,至97亿6510万股;成交值从92亿5783万令吉上扬10.65%,至102亿4372万令吉。

丰隆投行研究主管徐克宇认为,短期內马股走势难以判断,因为一马发展公司(1MDB)违约事件导致投资者情绪捉摸不定。在另一批债券於5月11日到期前,此课题还会继续延烧。

同时,徐克宇表示,「可以预见的是,来周若没有任何利好的消息传出,股市还是会倾向下跌。但这种政治因素进展难以说准。」

除了本地政治因素,日央行意外不加码刺激政策,亦拖累了区域股市。可是1MDB违约所带来的骨牌效应,才是马股目前最大的定时炸弹。整体来说,马股已一脚踏入了母熊领地,任何负面新闻都会在第一时间反映。

此外,徐克宇认为,「上周油价反弹、国家银行委任市场认可的新总裁,皆无法扭转马股颓势,可见1MDB违约课题对投资者决策的影响重大。」

油匯助扶市

资深抽佣经纪卢文豪则指出,5月份第一周即便继续下滑,跌势料將放缓。虽然下行风险高,但马股不排除会重探1700点,毕竟油价及令吉匯率已回升和稳定,可带来一定的扶持力。

卢文豪也认为,「投资者接下来需关注陆续出炉的企业业绩,但一般相信首季的企业净利不会有太大惊喜。」

从技术面来看,兴业投行技术分析员廖志豪表示,综指在短期內仍处於下行趋势。他透露,「综指现处区间横摆状態,但幅度相对较大,介於1600至1727点。由於早前综指的涨势过猛,同时亦缺乏指引,目前市场正在进行回调。」

综指上週五触及200天移动平均线,廖氏认为,本週有很大的机会將会跌破该水平,200天移动平均线目前为1669点。

「若想回到1700点水平,机会较为渺茫。」同时,综指持续走弱,强弱势指標(RSI)来看將维持在超卖区域。

他將扶持水平设在1646点,第二道则在1600点;而阻力水平则在1700点及1727点。

徐克宇將扶持水平设在1669点和1650点;而阻力水平则在1680点与1688点。卢文豪则认为,阻力水平是1700点,扶持水平是1660点。

投资建议方面,徐克宇认为,投资者可吸纳手持稳定订单的建筑公司,毕竟这些公司的盈利可见度会比其他领域来得高。

「不管1MDB课题演变如何,我相信国內基建工程还是照跑。」

卢文豪则指出,投资者可关注之前因配套定价风波,股价大幅调整的明讯(MAXIS,6012,主板贸服股),但仍需评估上市公司的季度业绩后再作部署。而廖志豪建议投资者卖出小型股套利

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Re: Spot KLCI Index
« Reply #136 on: May 03, 2016, 02:23:03 PM »



MIDF: Foreigners turn net sellers of Malaysian shares
By Chen Shaua Fui / theedgemarkets.com   | May 3, 2016 : 12:25 PM MYT   
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KUALA LUMPUR (May 3): Foreign investors became net sellers of Malaysian shares last week with a net disposal of about RM430.8 million worth of equities.

MIDF Amanah Investment Bank Bhd wrote in its fund flow report today that foreigners became net sellers, after 10 straight weeks of net buys.

“The writings had been on the wall and the buying inevitably came to an end. After 10 consecutive weeks mopping up shares listed on Bursa, foreign investors turned net sellers last week.
 
“The amount sold was RM430.8 million net, the second lowest out of only five weeks that net sale had been recorded this year,” MIDF said.

According to MIDF, foreigners bought and sold RM2.09 billion and RM2.52 billion worth of shares last week.

MIDF said the estimated numbers were based solely on open market transactions.

"For the month of April, foreign buyers added only RM433.9m of Malaysian stocks into their portfolios, after investing a whopping RM6.08b in March

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Re: Spot KLCI Index
« Reply #137 on: May 04, 2016, 08:27:58 AM »



Malaysia leads fall as banking shares decline
Posted on 4 May 2016 - 05:40am
Print
JAKARTA: Most Southeast Asian stock markets ended lower yesterday with the Malaysian index leading the decline amid falls in banking shares.

The Malaysian stock index fell 1.3% to its lowest closing since Feb 15, weighed down by the financial sector.

Shares of Malayan Banking Bhd lost 1.7%, while CIMB Group Holdings Bhd fell 2.8% after central bank data last week showed banks’ loan growth continued to ease in March, ahead of earnings announcements later this month.

“In March, loans growth continued to decelerate but asset quality stablilised on month-on-month basis. However, indicators still point to subdued outlook with loan applications and approvals still falling,” Kenanga Investment Bank said in a note yesterday.

Singapore’s Straits Times Index lost nearly 1% while Thai stocks fell 0.5% after the long weekend.

Most Southeast Asian markets were closed on Monday to mark the May 1 Labour Day, which fell on Sunday.

Philippine stocks failed to retain earlier gains and closed 0.1% lower as pre-election jitters lingered, while the Jakarta Composite Index (JCI) bucked the trend with a 0.1% gain.

“The JCI has fallen by 2.2% since previous week’s Monday amid plenty of disappointing results. We think a rebound is due,” broker Trimegah Securities in Jakarta said.

Indonesia is scheduled to release first-quarter GDP data today. – Reuter

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Re: Spot KLCI Index
« Reply #138 on: May 06, 2016, 07:27:55 AM »



Thursday, 5 May 2016 | MYT 6:10 PM
Tough time for KLCI, closes down 12pts
BY JOSEPH CHIN







 
 
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KUALA LUMPUR: Bursa Malaysia ended Thursday on a weak note, with the FBM KLCI down more than 12 points on sustained selling pressure as the previous day's rebound proved to be unsustainable.

At 5pm, the KLCI was down 12.49 points or 0.75% to 1,645.09. Turnover declined to 1.4 billion shares valued at RM1.62bil. The broader market  was weaker, with decliners beating advancers 415 to 332 and 382 counters unchanged.

The ringgit also came under pressure, falling against the US dollar,  pound sterling, Singapore dollar but it was firmer against the euro.

The ringgit slipped past the key 4.00 level against the greenback to 4.0078 from the previous day's close of 3.9932. The ringgit weakened against the pound to 5.8113 from 5.7824 while its eased against the Singapore dollar to 2.9535 from 2.9456. However, it edged up against the euro to 4.5841 from 4.5897.

European stocks and oil prices snapped a four-day losing streak on Thursday and a rally in bond markets fizzled out as investors began to position themselves for US jobs data, Reuters reported.

The pan-European FTSEurofirst 300 index, which had fallen 1.2% to its lowest level in nearly a month in the previous session, rebounded 0.3% as firmer oil prices helped lift the region's big producers.

Meanwhile, Hong Kong shares tracked US markets lower on Thursday, with the benchmark index falling for the fourth day in a row as worries about global economic growth resurfaced.

A huge wildfire near Canada's oil sands region and escalating tensions in Libya stoked concern among investors over a near-term supply shortage, driving crude prices up for the first time in a week on Thursday.

Brent crude futures rose US$1.19 on the day to US$45.81 while US light crude futures rose US$1.45 to US$45.23.

The surge in crude oil prices could not provide the much needed support as foreign funds has started to reduce their shareholdings.

MIDF Research, had in its fund flow report issued on Tuesday, said: “After 10 consecutive weeks mopping up shares listed on Bursa, foreign investors turned net sellers last week. The amount sold was -RM430.8mil net, the second lowest out of only five weeks that net sale had been recorded this year.
“For the month of April, foreign buyers added only RM433.9mil of Malaysian stocks into their portfolios, after investing a whopping RM6.08bil in March," it said.

http://clips.thestar.com.my.s3.amazonaws.com/Interactive/businessgraph/monthlyflow.html

http://clips.thestar.com.my.s3.amazonaws.com/Interactive/businessgraph2/weeklynetflow29april.htmll

Genting Malaysia fell 16 sen to RM4.38 and erased 1.58 points from the KLCI, Genting Bhd was down 10 sen to RM8.47. MAHB was down 17 sen to RM6.50.


Petronas Dagangan fell 18 sen to RM23.56, Petronas Chemicals 10 sen to RM6.54 and Petronas Gas six sen to RM21.80. SK Petroo rose three sen to RM1.62.

Crude palm oil for third month delivery rose RM20 to RM2,636 per tonne. PPB Group fell the most, down 46 sen to RM15.64, IOI Corp 12 sen to RM4.27, Sime Darby 10 sen to RM7.61 and KL Kepong shed eight sen to RM23.10.

Among the banks, Public Bank fell 16 sen to RM18.76, Hong Leong Bank and HLFG 10 sen each to RM13.30 and RM14.98, AmBank six sen lower at RM4.49, RHB Cap five sen to RM5.90, CIMB shed two sen to RM4.66 and Maybank one sen to RM8.53. BIMB rose 10 sen to RM3.96.

As for consumer stocks, Carlsberg lost 18 sen to RM12.42 but BAT added RM1.50 to RM48.30 and Dutch Lady 12 sen to RM53.04.
 
Among the telcos, Axiata and Maxis ended seven sen lower to RM5.50 and RM5.48, Digi shed one sen to RM4.38 and Telekom was flat at RM6.65.

Bursa Securities queries Versatile Creative over sharp rise in price of shares. It ended up 19.5 sen to 96 sen.

MAA rose 14 sen to RM1.20 after it proposed a special payout of 35 sen a share.

Among the key regional markets,

Hong Kong’s Hang Seng Index fell 0.37% to 20,449.82;

CSI 300 edged up 0.14% to 3,213.92;

Shanghai’s Composite Index added 0.22% to 2,997.84;

Shenzhen Composite gained 0.72% to 1,942.54;

Hang Seng China Enterprise fell 0.81% to 8,626.73;

Taiwan’s Taiex shed 0.21%  to 8,167.69;

Singapore’s Straits Times Index shed 0.02% to 2,772.54.

Spot gold fell US$2.23 to US$1,277.45

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Re: Spot KLCI Index
« Reply #139 on: May 07, 2016, 12:03:04 PM »



Saturday, 7 May 2016
More downside risks likely next week
BY K.M. LEE







   

 
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REVIEW: Bursa Malaysia kicks off the month of May on Tuesday on the positive side, with the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) rising 1.79 points to 1,674.51 on resumption of trading after the long weekend, encouraged by a steadier Wall Street overnight.

Bursa Malaysia was shut for a public holiday on Monday.

While a bounce in US shares elevated risk appetite, the gains on the homefront, however, was short-lived, as a steep pullback in crude oil prices, which saw the black commodity tumbling a hefty US$1.14 to US$44.78 per barrel in overnight session on news that Iraq’s exports was nearing record highs in April, dampened investors’ enthusiasm.

An uninspiring performance of markets in the Asia-Pacific, due to worries about the health of the world’s second-largest economy after a private survey showed activity at China’s factories shrank for the 14th straight month in April, also was not helping the local sentiment.

In lacklustre trade, the key index eased steadily from an intra-day high of 1,676.03 in the morning to a low of 1,649.79 soon after lunch break and thereafter, turned sideways for the rest of the day.

At the final bell, the local bourse shed a huge 21.28 points to 1,651.44 on lack of support from investors on Tuesday.

After a brief rally, overnight US equities reversed trend, dropping 140.25 points to 17,750.91 the next day, as weaker-than-expected Chinese economic data and British factory figures rekindled worries about global growth while crude oil prices retreated further from the year’s peak hit last week, as rising output reignited fears about the global glut.

Adding to the downbeat mood, the greenback strengthened against the ringgit and regional markets swooned in the wake of renewed global economic uncertainty.

Given the dearth of market-stimulating leads on the horizon, Bursa Malaysia sank deeper into the red, with the key index touching a three-month low of 1,636.05 in the morning on extended selling pressure.

However, just when it looked defenceless and in great danger of slidding lower on bearish extended-mode, tracking overseas trend, a fresh bout of bargain-hunting interest emerged unexpectedly from the sidelines to the aid, guiding the FBM KLCI to a rebound.

In a reversal day like this, the FBM KLCI snapped its losing streak to finish up 6.14 points to 1,657.58, its first win in eight days, with winners beating decliners by 483 to 342 in mid-week.

Given the better underlying sentiment on Wednesday, many people had expected the local bourse to sustain recovery the following day, but an easier Wall Street overnight simply was not supportive of the move.

Though crude oil prices settled firmer, gains were small while most stock markets in the region declined.

In lacklustre session, Bursa Malaysia returned to correction mode, with the FBM KLCI shedding 12.49 points to 1,645.09 on lack of support from investors on Thursday.

And yesterday, the local bourse reversed earlier sharp losses to settle up 4.27 points to 1,649.36, thanks to a late bout of nibbling in certain blue chips by the local funds.

Statistics: On a Friday-to-Friday basis, the principal index skidded 23.36 points, or 1.4% to 1,649.36 yesterday, compared with 1,672.72 at the close on April 29.

Total turnover for the four-day holiday-curtailed week amounted to 6.369 billion shares worth RM7.313bil, versus 9.765 billion units valued at RM10.244bil changed hands during the regular previous week.

Outlook: After violating the lower ascending line of the recent short-term uptrend channel two weeks ago, the FBM KLCI deteriorated further to trip below all the moving averages on our radar screen amid persistent foreign selling in the blue chips.

Obviously, the multiple breakdown on the chart is not going to bode well for the market in the short term.

With the overall underlying sentiment waning, foreign liquidation showing no sign of abating, the local currency weakening and investors continuing to fret about the US hiking interest rates sooner-than-expected, it looks like Bursa Malaysia will probably be under pressure this week.

Based on the daily chart, the key index is in great danger of re-visiting the recent lows of 1,600.92, set on Jan 21, following the recent breakdown and investors are advised to exercise caution in their trading approach.

As for the indicators, the oversold reading on daily slow-stochatsic momentum index and the 14-day relative strength index offer a ray of hope of a relief rebound, but the upside potential is likely to be limited, unless new catalyst emerges.

Resistance can be expected at the 1,668 points, 1.675 points, 1,698 points, followed closely by the 1,700 points psychological level, which is the 200-day, 100-day, 21-day and 50-day simple moving average lines respectively

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Re: Spot KLCI Index
« Reply #140 on: May 09, 2016, 07:18:51 AM »



砂州选纳吉添筹码 国阵狂胜外资有信心
头条 朝野联手倒纳吉 砂拉越州选举 全国 焦点新闻  2016-05-08 08:16

 

国阵在砂州选举的亮丽成绩单, 料会促进繁荣和稳定。(档案照)

(吉隆坡7日讯)面对一个马来西亚发展有限公司(1MDB)及26亿令吉政捐困扰超过一年的首相拿督斯里纳吉,砂拉越州大选俨然成为他在政治及经济上“再战江湖”的重要试金石。
政经分析家指出,国阵在砂选中大胜,将可让纳吉稳住外国投资者信心。
此外,砂州获胜料也将刺激“砂州概念股”。
在政治上,纳吉可凭此亮丽成绩单,说服巫统他并非党“负资产”,并力挡前首相敦马哈迪医生的逼宫行动。
砂工程料按时推动泛婆罗大道承建公司等将受惠
政经分析家指出,砂拉越州大选是首相拿督斯里纳吉在面对一个马来西亚发展有限公司(1MDB)及26亿令吉政捐纷扰事件的“试金石”,大胜将稳住外国投资者信心。
与此同时,国阵在砂州选举的亮丽成绩单,料会让所有砂州工程按照所订的时间表推动。
纳吉去年在财政预算案宣布拨出289亿令吉兴建泛婆罗大道,金务大及怡保工程预料在这工程下受惠。
至于以砂州为基础的公司如福胜利、纳音控股、亿强工程,以及砂查也马特将是潜在赢家。
在政治上,砂州大捷也将让纳吉说服巫统,他并非是党的“负资产”,同时有效抵销前首相敦马哈迪医生的“逼宫”攻势。
“国阵支持者有好处”
彭博社指出,在马来西亚城市以外地区,选民对与纳吉涉及的事件莫不关心,这反而对他有帮助。
现年51岁的伊班族农民春道苏拉声称,他每次都把手中一票投给国阵,并表示国阵支持者会得到好处。
“我们只有稍加等候,即可以从政府处获得我们要的东西,这包括屋顶、洋灰及沙石。对于纳吉的支持,我是一半一半,当他说真话,我会喜欢他;当他讲假话,我则不喜欢他,我无法确定他是否诚实。”
说服巫统非负资产
根据彭博社报道,砂选是纳吉面对1MDB及政治献金风波近1年后,首次通过选举评估民众对他的支持度。
砂拉越拥有82个州议席,114万名选民将选出未来5年的人民代议士。
以纳吉为首的国阵在上届的71个州议席中控制55个,政治分析员预测,国阵可赢得大多数议席继续执政,选委会去年重新划分选区后增加的11个议席皆被指倾向政府。
报道指纳吉过去几个月经常在砂州跑动,他也承诺拨出数以亿元作为发展基金,他必须确保砂州国阵拥有强劲表示,以抵销马哈迪的“逼宫”
行动。若国阵漂亮胜出,纳吉将可说服说巫统他并非是党的负资产,他还是可以在选举中交出成绩单。
默迪卡民调中心分析员依布拉欣说,若国阵在砂州选举交出成绩单,它有助于增加纳吉的信心。
砂选民关注基本课题
纳吉的个人银行户头在2013年全国大选被汇入庞大款项,同时纳吉担任董事局顾问的1MDB面对巨大债务问题。
纳吉和1MDB都否认犯错,政府指纳吉银行户头的巨款是来自沙地阿拉伯王室,过后已退还大部分款项。
砂州方面,当地选民更关注影响他们生活的基本课题,由于砂州首长丹斯里阿德南效应而支持国阵。
砂拉越及沙巴在2013年全国大选贡献三分之一国席予国阵,下届大选最迟会在2018年举行。
国阵在独立后,2013年是以最差劲的成绩保住政权,若非东马选民支持,国阵已经大权旁落。
推高砂企业股票走势
阿德南团队料“大胜”的因素,推高许多砂拉越地区企业股票走势,投资者在国阵几乎将会继续执政的情况下,增持纳音控股及砂查也马特等股票,成为周五20大上升股。
砂拉越在重新划分选区后,本次州选的选区从71席增加到82席,而首次率领砂拉越国阵上阵的原首长丹斯里阿德南更扬言能够赢下超过70个州议席,而多数砂拉越企业的股票在周五闭市时都显示上升的迹象。
其中砂拉越主要房地产发展商公司纳音控股的股票就一度走高到2.38令吉,而闭市时为2.30令吉,涨10仙或4.5%,全日近乎有51万股易手。
砂查也马特(CMSB)周四闭市时收3.88令吉,而周五更推高到3.97令吉,一周下来共涨了13仙。
CMSB早前因为评级降低导致股票价格走低,其中马银行投行研究将在近期将CMSB从“买入”下调至“守住”,而兴业研究则是从“买入”下调至“中性”,而当时也导致CMSB股票价格从最高6令吉,在上周下挫到52周以来的最低点即3.73令吉。
纳音控股及CMSB都已经确认将会参与泛婆罗洲大道的工程,且希望成为该项目的建材供应商。
其他周五股价上涨的砂拉越企业包括,优质混凝土(QUALITY)上涨13仙,砂拉越电缆(Sarawak Cable Bhd)股价也上升5仙或3.5%至1.49令吉,而其他公司如瓷砖制造商金兴工业涨6仙、汽车电池制造商ABM Fujiya有限公司涨3仙、福胜利涨1仙、亿強(Zecon Berhad)涨1仙、许甲明工程有限公司(KKB ENGINEERING BERHAD)涨1仙。
分析家普遍认为,阿德南率领的砂州国阵团队在本次大选胜出,也意味着泛婆罗洲大道等工程等将会在未来几个月被发放出去,也将让许多砂拉越企业受益

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Re: Spot KLCI Index
« Reply #141 on: May 09, 2016, 10:21:06 AM »



Sell in May and go away?
By Tan Siew Mung / The Edge Financial Daily   | May 9, 2016 : 8:58 AM MYT   
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This article first appeared in The Edge Financial Daily, on May 9, 2016.

 

KUALA LUMPUR: The well-known trading adage, “sell in May and go away”, comes to mind when one considers the performance of the Malaysian stock market at the start of this month, which saw its first week skidding to 1,649.36 points, which was 1.4% or 23.36 points lower than the previous week’s 1,672.72 points on April 29.

chart_sell_fd_090516_theedgemarkets

Similarly last year, May was not a good month for the local equities market. It fell 3.89% that month when the ringgit declined against the US dollar, as crude oil prices slumped, and 1Malaysia Development Bhd’s (1MDB) woes hogged the headlines.

But the saying does not always ring true, at least not in the case of the FBM KLCI. According to Bloomberg’s statistics, the benchmark index gained in May 2011 (+1.52%), May 2012 (+0.64%), May 2013 (+3%) and May 2014 (+0.1%).

Still, based on the current technical indication, Malacca Securities Sdn Bhd’s technical analyst Loui Low Ley Yee thinks the selling may not be done yet this year.

“This is because the index now is below its 200-day moving average (suggesting a downtrend), which is quite similar with what happened last year,” he told The Edge Financial Daily over the phone.

However, after the recent selldown that led to the index falling below 1,650 points, he is looking for a mild recovery in the immediate next two weeks, with resistance seen at 1,670 and 1,700 levels. Nevertheless, he thinks the market is likely to trend lower in the next two months.

He is not the only one. By and large, investment managers are pessimistic about the market’s outlook due to lacklustre corporate earnings expectations, as the local currency heads south. First-quarter gross domestic product is also not anticipated to outperform, while the 1MDB default issue hovers over the market like unwelcome haze.

On the external side, oil prices, and whether the US Federal Reserve (Fed) will hike interests for the second time since it was last raised in December last year, remain uncertain.

As such, negative factors are expected to linger until July. Chris Eng, the head of research of Etiqa Insurance & Takaful, believes the market will continue to slide and end lower by then, compared with the current level.

“The index is definitely vulnerable towards the mid-1,500 points, and the technical structure does not look strong without another sharp drop,” said James Lau, investment director of Pheim Asset Management Asia, which manages assets worth over US$250 million (RM1 billion).

Lau, who described 2016 as a difficult year, also said corporate earnings downgrades are “inevitable” as key economies remain unresponsive to even negative interest rates.

“Looking for catalysts now is like looking for clear skies through the thick haze that has become a daily feature,” he said in an email reply to The Edge Financial Daily.

Jason Lee Wei Chung, chief investment officer of equity at Libra Invest Bhd, is also of the view that there is no catalyst in sight, and does not consider valuations are cheap yet.

“Currency and oil price movements will be the main drivers for the market in the short term; corporate earnings will be the drivers in the longer term,” he said in an email.

His views are echoed by KAF Investment Funds Bhd fund manager Tan Gan Leong, who described the market direction as “random” and “volatile” in the near term. It will also look closely for cues from the Fed’s Federal Open Market Committee meeting in June, he said.

But in terms of valuation, he differed: “I would say the market as a whole is fairly valued now, considering the current challenging business environment.” He also pointed out that if one breaks up the components of the FBM KLCI, it would be difficult to see strong growth from any particular sector.

To him, the financial sector (that is, the banks), which has the largest weightage in the FBM KLCI, has been very selective with the loans they give out as they are trying to improve their asset quality. Meanwhile, he noted that the plantation sector is seeing higher crude palm oil prices being offset by lower production.

“Sell in May and go away” is a saying framed by ebullient fund managers in the northern hemisphere as they prepare to head for the Greek islands with the beckoning of summer.

Or should it be make hay while the sun shines?

To Lau, May is a fertile time, with many rich pickings, especially with prices retracing as they are doing now.

“So, we are not going away. We are staying,” Lau said, even as he conceded that catalysts are nowhere in sight.

“One should look beyond the immediate horizon. I mean, commodity prices have surprised so many on the upside. For example, how many would have anticipated steel or iron prices to rally more than 40% from their lows? Short-term recoveries like these are still possible in other sectors or stocks that are currently finding the floor,” he said.

He also cited stock-specific recoveries like CIMB Group Holdings Bhd, Tenaga Nasional Bhd and Press Metal Bhd.

In terms of the sector that is worth watching, Lau said there is a chance that plantation would break out from its long-holding pattern and surprise on the upside.

With the US dollar/ringgit volatility continuing in 2016, he said, there is still some wind left in export-based companies. However, concerning stocks that are “bombed out” — for instance, certain technology and property stocks — he is selective.

Lau noted the low export growth and commodity prices are vunerable to the ringgit’s volatility, causing Malaysia’s trade to not improve much lately.

“Be patient and expect disappointments. Don’t equate disappointments with failures. Sometimes, rewards come later. Let time do its wonders,” he said.

However, Eng advised caution. “We have no sector and stock pick. We will revisit the market as it falls further,” said Eng, who downgraded the outlook for the utility and plantation sectors when the market reached its recent high of 1,727.99 points on April 15.

Meanwhile, Lee said Malaysia is very much a stock picker market, though he also felt that picking stocks is quite hard at present. Sector-wise, he favours construction, services and education.

Libra Invest likes services companies such as Scicom (MSC) Bhd, which is expected to deliver strong earnings growth of over 20% to 30% per annum in the next few years in all their business segments, foreign student visa applications, and business process outsourcing. It said the company also has a strong balance sheet, with a 3.5% dividend yield.

As for Tan, he remained bullish on consumer staples, with top picks including Dutch Lady Milk Industries Bhd, Ajinomoto (Malaysia) Bhd and Cocoaland Holdings Bhd.

“I like them because of their strong pricing power, which is reflected in the high gross margins they enjoy,” Tan said, adding that the combination of low commodity prices and strong pricing power should continue to drive their earnings.

In addition, Tan said these companies have strong cash-flow generation ability, and do not require intense capital reinvestment to sustain their earnings.

“It is also worth noting that these three firms are in a net cash position,” he added.

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Re: Spot KLCI Index
« Reply #142 on: May 09, 2016, 11:26:17 AM »



何启斌:多国实行量化宽松 资金泛滥马股不会大跌
头条 全国  2016-05-09 07:48

 

何启斌预测南中国海于年底将出现军事冲突。

(八打灵再也8日讯)金融经济专家何启斌博士指,全球多国还在实行量化宽松,资金“泛滥”,因此今年马股不会崩盘或大跌。
“到6至7月都不会有大事发生,我不认为美国升息会使资金回流美国,因为美国(经济)已见顶。”
他说,资金甚至都大量买入阿根廷,俄国、巴西等问题重重的股市和债市。
美元升息令吉反涨
何启斌也认为,美元升息,令吉反而会上涨,而最近令吉汇率走软,他认为原因是一个马来西亚发展有限公司(1MDB)逾期未偿还债券利息违约。
他认为,6月23日英国将进行是否脱离欧盟的全民公投,也不会对令吉汇率造成影响。
他今天在“2016年经济展望及如何筛选潜在优质股”讲座会上主讲时这么说。
何启斌预计,年底的美国总统改选后,南中国海在11、12至明年1月,将发生军事冲突,这将影响到香港、台湾的市场,对我国的影响没那么大,这也是最大的“黑天鹅”。
“南中国海是一场持久战。”
他分析,美联储多次升息后,美国应会进入“衰退期”,但那将是2018年的事。
投资谨记 “升则守跌则走”
盈资环球(Winvest Global)首席市场分析师黄俊华:股海还能淘金吗?
盈资环球(Winvest Global)首席市场分析师黄俊华提醒股民,投资股票必须谨记“升则守;跌则走”的原则,偏偏市场上大部分人恰好是“升则走,跌则守”。
选了好股未必获利
他表示,每个成功投资者都具备一套成功的投资模式,首先是如何选股,看其基本面是否稳健、技术面是否横摆或上涨、消息面是否有前景可期,并推荐股民选择前景可期、走势稳健的好股。
“是不是选了好股就能获利?这可不一定。”黄俊华强调,这需胥视股民的操作方式,如买卖法则及资金调配。
“大家必须谨记‘升则守;跌则走’,但大部分人却‘升则走,跌则守’。”
他提醒股民务必调整心态,因为回酬是市场给的,而风险则是自己管控的。
“当股票下跌时,亏损多少钱是个人管控的,止损非常重要,必须操作得好,否则就算选到好股也未必赚钱。”
黄俊华认为,投资股票必须将亏损最小化,将盈利最大化。
突破追涨跌破卖出
“买股的基础买入位置应在调整时部署、突破时追涨;而基础卖出位置则应是转势时卖出、跌破支撑时卖出。”
他解释,调整时部署,即股价跌至一个价位并重复试探,让投资者可划出支撑线再也跌不下去时,就是进场的时候。
“突破时追涨,当股价开始突破时,就要把止损点不断上移。
“至于卖出的位置,当股价出现转势时先卖出一部分,当跌破支撑点时就将其全部卖出。用这种方法,不会卖得太早,因为许多投资者就是在股价一上升时就卖出,同时你不会亏损太多。”
上述讲座会是《南洋商报》与投资培训公司盈资环球联办,与会者人头攒动,挤满南洋商报总社礼堂。
经济放缓仍有“爆发股”
目前许多领域都放缓,股海还能淘金吗?
黄俊华认为任何时候都能买股票的,只是在于买什么股。
目前,他看好在企业活动后,5月的潜在业绩爆发股——Kerjaya(KERJAYA,7161,主板建筑股)。
他认为,市场存在波动性,而可选择投资的股票将越来越少,因此就选择着重有潜在业绩爆发的股票。
Kerjaya订单强劲
他分析,Kerjaya和星光资源(SKPRES,7155,主板工业产品股)及益纳利美昌(INARI,0166,主板科技股)一样,经过整合以后,业绩开始上扬,股价也随之看涨。
他认为,Kerjaya的订单很强劲,更名前名为富德(FUTUTEC,7161,主板建筑股),去年9月宣布,以4亿5800万令吉向大股东兼执行主席郑荣和、执行董事拿汀卓秀全和郑荣成,全购Kerjaya Prospek(马)私人有限公司(KPSB)和Permatang Bakti私人有限公司(PBSB)的股权。
郑荣和今年1月在股东特别大会后对媒体说,该公司目前手握27亿令吉的订单,足以支撑公司的盈利直到2018年。
承建3大客户工程
黄俊华指出,Kerjaya负责建筑承建项目,主要的3大客户为实达集团(SPSETIA,8664,主板产业股)、东家(E&O,3417,主板产业股)和绿盛世(ECOWLD,8206,主板产业股)。
“今年3月,KERJAYA子公司获颁1亿8131万令吉合约,负责槟城斯里丹绒槟榔第二期工程(STP2)项目的挖泥工程。公司获颁这项合约后,进行中的建筑订单已从早前的19亿令吉,提高至21亿令吉。”
他指出,目前该公司的订单为21亿令吉,足以让它在未来3年内营业额都有保障。
“此外,本季度的业绩将会是该公司收购计划后的第一个财报,也是业绩整合后的第一个财报。”
一键投资全世界
国际股市投资专家梁伟平:冲出大马放眼国际
在资讯科技发达时代,只要按下键盘,在淘宝连钢琴都可以漂洋过海送到我国;同样地,只要一个按钮,大马投资者也可投资香港及美国股市。
梁伟平指出,只要有网络,投资美国、中国、日本及香港等海外股市易如反掌,惟本身不推荐走下坡的日本股市,且日本公司的财报仅有日文。
“投资海外股市,没有英文的财报就无法了解,反观香港备有中英文,因此很多大企业选择在香港上市,因为这是最接近中国的地方。”
他解释,中国与香港股市相比,香港股价比中国便宜70%,但买后的股价不会有太大涨幅。
留意中国大马意向
“中国则不同,比如1元买入的股票,在中国大妈投资下,可涨至2元,所以要买什么股票,可以留意中国大妈的意向。
“但是,中国大妈也有买不到的股票,必须到海外股市才能投资,如阿里巴巴(美国)、阿里巴巴子公司(香港)、百度(美国)及腾讯(香港)。”
电商带动信用卡股
在门市零售普及率高达85%下,梁伟平认为,电子商务(15%)的潜力非常大,因此信用卡仍有很大的上升空间。
他以万事达卡(MasterCard)和威士卡(VISA)为例,前者于2006年在纽约证交所上市,虽然已有10年历史,但现在才是该公司开始的阶段;后者则于2008年上市,当时是全球最大的首次公开募股。
“若进入网络全盛时期,这些股票具爆发力;本身看好上市时间较短的威士卡。”
一带一路惠及135概念股
香港股市方面,梁伟平看好一带一路计划受惠的公司及135概念股。
他说,一带一路是长远的计划,当中受看好的建筑股有中国铁道建筑总公司、中国中铁股份有限公司及中国交通建设股份有限公司;建材股则是安徽海螺水泥股份有限公司及中国中材集团有限公司。
二胎政策刺激保健股
“在所有事务走向科技下,腾讯、主打大数据的金蝶集团及中国最大教育平台网龙网络有限公司受看好。”
他也说,中国人口老化,加上最近实施二胎政策,一些保健股如好孩子国际控股有限公司也不错。
“中国面对污染问题,可以留意中国光大国际、北控水务集团及中滔环保,其中北控水务集团还是官联公司。”
大会在结束前,也安排了联昌期货私人有限公司代表张淦萌分享投资经验。出席者包括大马盈资环球有限公司创办人兼总执行长何文生、执行董事陈子平及《南洋商报》中商广告营业经理罗梓鸣

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Re: Spot KLCI Index
« Reply #143 on: May 09, 2016, 04:10:27 PM »



Monday, 9 May 2016
Choppy market outlook ahead, so how do you invest?
BY AFIQ ISA







 Affin Hwang Asset Management Bhd managing director Teng Chee Wai said investors should expect prevailing market conditions to continue for the foreseeable future.  “Expect market cycles to be shorter and sharper and bear in mind that the volatility will continue as before.  “Look for income-based or dividend-based investment opportunities and not so much on growth,” he said.
Affin Hwang Asset Management Bhd managing director Teng Chee Wai said investors should expect prevailing market conditions to continue for the foreseeable future. “Expect market cycles to be shorter and sharper and bear in mind that the volatility will continue as before. “Look for income-based or dividend-based investment opportunities and not so much on growth,” he said.
 
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KUALA LUMPUR : Financial experts have urged investors to adjust their expectations towards new norms in the market for the year ahead, which may include more volatility, slower growth and lower yields.

During the Investment Forum 2016 : Outlook and Opportunities organised by Affin Hwang Capital in Kuala Lumpur on Saturday, top fund managers and strategists concurred that while short term volatility remains a serious concern, there are still various avenues for the smart investor to realise strong returns.

Affin Hwang Asset Management Bhd managing director Teng Chee Wai said investors should expect prevailing market conditions to continue for the foreseeable future.

“Expect market cycles to be shorter and sharper and bear in mind that the volatility will continue as before.

“Look for income-based or dividend-based investment opportunities and not so much on growth,” he said.

The gyrations in the stock market globally have continued to spook jittery investors. In Malaysia, the benchmark FBM KLCI index recently fell by 4.5% between April 15 and May 6, wiping out this year’s gains.

The KLCI closed at 1,649.36 points on May 6, leaving it essentially flat for the year with a modest 0.2% decline to date.

According to Teng, despite the market concerns, Malaysia’s stock market remains robust as it is highly liquid and well supported by institutional capital, which suggests limited downside for value-driven stocks.

“When the market gets soft, do not run away.

“It is a buying opportunity,” he said, adding that he preferred real estate investment trust (REIT) and high-yielding dividend stocks at the moment.

From a global standpoint, assessing the realities of the market may be key to achieving reasonable rates of return going forward, according to Li Yifei, who heads BlackRock’s South-East Asia retail distribution business.

“While we believe that better global growth and equity market performance in the future, there will be more volatility ahead (with) lower returns.

“Most importantly, earnings growth must be driven by global demand, not by easy liquidity,” she said.

As for this year, an upside potential is that the economic recovery in emerging markets, particularly in Asia, may start to gather pace.

On the other hand, a key concern for the region is the possible devaluation of the yuan by the Chinese central bank and the economic repercussions for its regional trading partners, she said.

Meanwhile, UBS Asset Management co-head of Asia Pacific for Global Real Estate Charlene Huang believes that cross-border property investments still hold a lot of potential as the current market environment has not been encouraging to other asset classes, such as fixed income.

“Real estate investments will prove to be broadly resilient to a gradual policy tightening cycle. They are real assets with low volatility and relatively attractive returns which should appeal to longer term investors,” she said

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Re: Spot KLCI Index
« Reply #144 on: May 10, 2016, 11:19:53 AM »



国阵大胜激励 砂州概念股蓄势待发
财经新闻 财经  2016-05-10 09:04

 


(吉隆坡9日讯)随着执政党国阵在上周六砂拉越州选举大胜后,分析员看好过去1个月陷入跌势窘境的砂拉越概念股,有望在近期内回扬。
砂州国阵狂胜,砂拉越概念股成为近日的焦点,建筑股料将是主要的受惠者,在总值300亿令吉的泛婆罗州大道扮演主要角色。
大马投行分析员点名走势看涨的砂州概念股包括福胜利(HSL,6238,主板建筑股)、许甲明(KKB,9466,主板工业产品股)、砂拉越电缆(SCABLE,5170,主板工业产品股)、常成控股(JTIASA,4383,主板贸服股)、大安(TAANN,5012,主板工业产品股)和砂查也马特(CMSB,2852,主板工业产品股)。
基建股看俏
大华继显研究分析员指出,市场中和看待国阵在砂州选举中狂胜,不过预计焦点会落在受惠于基建项目的公司。
“值得注意的是,砂查也马特和福胜利在大选前遭到大肆抛售,其中砂查也马特联营的矽铁冶炼厂计划引起的忧虑,打击股价。”
双威大学商学院经济学教授姚金龙则估计,基建、工程和建筑,以及多个领域将会掀起涨潮。
他看好的砂拉越基建股,包括砂拉越电缆、福胜利、纳音控股(NAIM,5073,主板产业股)、和许甲明。
“其他公司包括伐木和种植公司的表现,在砂州专注于推动当地的经济下,或能走强。”
Jupiter证券董事纳扎里则指出,除了建筑股,砂州种植股如大安、常成控股、威达(WEIDA,7111,主板工业产品股)和达洋企业(DAYANG,5141,主板贸服股),也有望录得涨势。
他说,以技术观点来看,这些股项在短期内,有潜在的上扬动力。
大部分的砂拉越概念股在州选举的前一天,开始回扬,尽管涨幅放缓。
虽然今日大市疲弱,综指仍卖压沉重,全日跌17.17点或1.04%,至1632.19点。
不过,数只砂拉越概念股仍然走高。
闭市时,砂查也马特扬3仙或0.76%,至4令吉、许甲明扬2仙或1.23%,至1.65令吉。
而大安盘中一度扬升7仙或1.48%,至4.81令吉的全日最高价位,闭市时以4.74令吉,平盘挂收。
砂拉越概念股
买入:福胜利
目标价:2.80令吉
估值还可更高
福胜利的股价,从1个月前的2令吉下跌约10%。
大马投行分析员指,随着公司在过去逾1个月获得两项大合约,该股应可取得更高的估值。
该两项合约,分别为组成的财团获砂州政府颁发的古晋中央废水管理系统工程配套2,合约价值为7亿5000万令吉,且持有财团的75%股权,份额为5亿6300万令吉。
另外一项合约则是,领导的财团获政府颁发泛婆罗洲大道约17亿令吉的合约,并持股该财团的70%股权,相等于12亿令吉。
守住:大安
目标价:5.28令吉
伐木权受注目
大安股价在过去逾1个月走低约6%。
除了原木价格从去年每立方米270美元回落,投资者也担忧砂州选举结果,或影响伐木特许经营权。
鉴于公司的伐木特许经营权已届满,在等待政府的长期计划决定以赋予伐木公司延长60年的特许经营权之际,如今是每年延长合约。
大安估计原木价格在今年初放缓,不过认为会在接下来回弹。
买入:常成控股
目标价:2.18令吉
油棕收成复苏
常成控股的股价,在过去逾1个月走低10%;至于常成控股的原木价格则较低,主要是部分原木售国内市场。
分析员看好该公司鲜果串收成复苏,将为棕油业务带来极大效益。
买入:许甲明
目标价:2.00令吉
大道合约在望
许甲明股价从上月22日的1.68令吉下跌3%后,如今股价趋稳。
由于缺乏新项目,估计今财年首半年业绩恐欠佳,不过随着泛婆罗州大道的工程配套即将颁发,因此展望仍备受看好。
许甲明在大道项目中赢得钢铁产品供应的合约,处于利好的位置。
买入:砂拉越电缆目标价:2.20令吉
领跑电缆业者
砂拉越电缆股价在过去1个月下挫约9%,分析员青睐该公司为作为大马综合传输线和电缆业的领先业者。
手握10亿令吉订单,竞标的合约包括姆伦至沙马拉祖的275千瓦(kV)备用输电线路、砂拉越500千瓦的主干输电线路及国能500千瓦的输电线路。
马股再遭抛售 上周走资6.2亿
外资连续2周成为马股的净卖家,上周净卖出达6亿2310万令吉。
MIDF投资研究分析员指出,尽管上周适逢劳工节休市一天,仅有4天交易日,但是外资在上周净卖出的6亿2310万令吉,高于前一周的4亿3080万令吉,不过这是根据公开市场的估算,不包括场外交易。
分析员说,截至上周五,外资已是连续8天净卖出马股,其中上周三和上周四遭到大举抛售,写下今年第7个交易日的单日净卖盘数额逾2亿令吉。
“不过,我们察觉到外资的抛售热潮在上周五显著的退减,仅卖出3200万令吉,同时令吉兑美元在6天内首次回扬,”
随着外资上周的卖盘,促使今年至今的净流入,从64亿7000万令吉的高峰期,减至53亿4000万令吉,相比去年全年外资净流出达195亿令吉,以及2014年也流出69亿令吉,仍有极大的差距。
散户意兴阑珊
外资上周的大举卖出,带动参与率提高15%,平均每日交易值走高至10亿6000万令吉,高于一周前的9亿2300万令吉。
尽管购兴放缓,不过本地基金和机构在上周仍是买家,购入5亿3850万令吉,每日平均交易值企于19亿9800万令吉,为10周内的交易值首次低于20亿令吉。
至于散户则意兴阑珊,参与率下跌16%,打击每日平均交易值走低至5亿9800万令吉

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Re: Spot KLCI Index
« Reply #145 on: May 13, 2016, 11:55:09 AM »



Friday, 13 May 2016 | MYT 10:59 AM
KLCI falls nearly 24 pts, MSCI cuts weightage
BY JOSEPH CHIN







 
 
KUALA LUMPUR: Key Asian markets including Bursa Malaysia skidded on Friday with investors avoiding riskier assets including equities with Petronas Chemicals, Maybank and Sime Darby among the top losers.

Selling pressure could be due to MSCI Malaysia Index being reduced to 3.09% from 3.43%, analysts.

At 10.36am, the KLCI was down 23.16 points or 1.4% to 1,625.82. Turnover was 663.51 million shares valued at RM526.55mil. There were 164 gainers, 467 losers and 266 counters unchanged.

Bloomberg reported Asian stocks fell, set for a third weekly loss, as corporate earnings reports provide little cause for cheer at a time of worsening economic data. Crude oil retreated from a six-month high and South Korea's won weakened, while haven assets including the Japanese yen and gold advanced.

US light crude oil futures fell as much as 64 cents to US$46.06 a barrel while Brent for July settlement was at US$47.65 a barrel on the London-based ICE Futures Europe exchange, down 43 cents.

At Petronas Chemicals fell the most, down 35 sen to RM6.10, Maybank and Sime Darby lost 27 sen each to RM8.55 and RM7.32, Bursa Malaysia was down 25 sen to RM8.55, CIMB 23 sen to RM4.44.

MISC fell 20 sen to RM7.35 and Genting 18 sen to RM8.57 and RHB Cap 15 sen to RM5.85.

However, Public Bank rose eight sen to RM19.08.

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Re: Spot KLCI Index
« Reply #146 on: May 13, 2016, 12:06:27 PM »



A weekly ‘Dead Cross’ on the index
By Lee Cheng Hooi / The Edge Financial Daily   | May 13, 2016 : 11:17 AM MYT   
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This article first appeared in The Edge Financial Daily, on May 13, 2016.

 

US equity markets tumbled on Wednesday as disappointing results from Walt Disney Co to Macy’s Inc raised doubts about the strength of American consumers. Walt Disney fell after posting profit that missed estimates and stating that it will shut down its Infinity video-game division. Macy’s slid as the company cut its profit forecast for 2016 and posted first-quarter revenue that missed analysts’ estimates. The Dow Jones Industrial Average tumbled 217.23 points to 17,711.12, while the S&P 500 Index plunged 19.93 points to end at 2,064.46.

The FBM KLCI inched up despite a wider range of 37.7 points traded for the week with higher volumes of 1.62 billion shares to 2.05 billion shares traded. The index closed at 1,648.98 yesterday, up 4.4 points from the previous day as blue-chip stocks like Genting Bhd, Hong Leong Financial Group Bhd, Petronas Gas Bhd, PPB Group Bhd and Public Bank Bhd caused the index to rise on minor nibbling activities. The ringgit was weaker against the US dollar at 4.0250 despite Brent crude rising to US$47.10 (RM189.34) per barrel.

The FBM KLCI rose on a rally from the 801.27 low (October 2008) to its 1,896.23 all-time high (July 2014), and this represented an extended Elliott Wave “flat” rebound in a “pseudo-bull” rise completed. The next few months’ index price movements since July 2014 comprised key swings of 1,671.82 (low), 1,867.53 (high), 1,503.68 (low), 1,727.41 (high), 1,600.92 (low) and 1,729.13 (high).

The index managed to surpass the key 62% Fibonacci retracement level of 1,728.54 to a recent high of 1,729.13 on April 14, 2014. Very heavy liquidation at that level had caused the index to decline and move into a downward phase for its 20-day and 50-day simple moving averages (SMAs) with a “Dead Cross” on its short-term daily chart.

The index’s price bars are now below the 50-day and 200-day daily SMAs and this depicts a downward phase for the FBM KLCI in the medium to longer term. Medium- to longer-term prospects look bleaker as the weekly 50-day and 200-day SMAs have also issued a “Dead Cross” in November 2015. Any bargain hunting on the index will be met by heavy longer-term selling on rallies.

The index’s daily signals are mainly negative, with its Commodity Channel Index (CCI),  Directional Movement Index (DMI), moving average convergence divergence (MACD) and oscillator indicators all depicting very obvious sell signals. As such, the index’s weaker support levels are seen at 1,567, 1,614 and 1,639, while very heavy liquidation at the resistance areas of 1,648, 1,700 and 1,729 will cap the index’s rise. The daily downside targets for the index are located at 1,588 and 1,547.

All rebounds on the index to its 38%, 50% and 62% Fibonacci retracement clusters of 1,655.30, 1,658.23, 1,667.93, 1,671.77, 1,680.57 and 1,685.30 would be met with very obvious longer-term selling and liquidation activities.

Due to the very weak tone of the FBM KLCI, we are recommending a chart “sell” on Boustead Holdings Bhd. The company is a conglomerate which develops properties, provides financial services, operates oil palm plantations, produces pharmaceuticals, produces shipping services and manufactures building materials. A check on the Bloomberg consensus reveals that one research house covers this stock, with a “sell” call.

Recently, Boustead announced a two-for-five renounceable rights issue at an issue price of RM2.55 per right share with the ex-date on May 20, 2016.

Boustead’s chart trend in the daily, weekly and monthly time frames is firmly down. From a monthly Wave 5 and all-time high of RM5.11 (April 2014), its share price has plunged 34.4% in the daily, weekly and monthly time frames to a weekly Wave 3 low of RM3.35 (May 2016).

As its share price broke above the recent key critical support levels of RM3.64 and RM4.12, look to sell Boustead on any rallies to its resistance areas as the moving averages depict a very firm short- to long-term downtrend for this stock. The daily, weekly and monthly indicators (like the CCI, DMI, MACD, oscillator and stochastic) have issued clear sell signals, and now show firm and obvious indications of Boustead’s eventual plunge towards much lower levels.

It would attract very weak buying activities at the support levels of RM2.49, RM2.84 and RM3.14. We expect Boustead to witness very heavy activities at its resistance levels of RM3.38, RM3.64 and RM4.12. Its clear downside targets are located at RM3.23, RM3.04, RM2.74 and RM2.35.

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Re: Spot KLCI Index
« Reply #147 on: May 13, 2016, 12:19:57 PM »
sell in May is still working

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Re: Spot KLCI Index
« Reply #148 on: May 13, 2016, 03:38:22 PM »



Friday, 13 May 2016 | MYT 2:27 PM
MSCI reduces weightage for Maybank, CIMB, Sime Darby
BY JOSEPH CHIN







 
 

KUALA LUMPUR: US index provider MSCI has reduced its weightage for Malaysia's stocks in its Malaysia Index, which saw Maybank, CIMB Bank, Sime Darby, Petronas Chemicals and Petronas Dagangan among those whose weightage had been reduced, triggering selling pressure on these stocks on Friday.

The MSCI, which is designed to measure the performance of the large and mid cap segments of the Malaysian market, will take effect after market close on May 31.

It was learnt that MSCI reduced the weightage for Malaysian stocks to 3.09% from 3.43% from May 31.

However, the weightage would be increased for IHH Healthcare and Public Bank but reduced for CIMB, Maybank, AmBank, Sime Darby, Petronas Chemicals and Petronas Dagangan.

At midday on Friday, the FBM KLCI was down 2.45 points or 1.36% to 1,626.53. Turnover was 1.03 billion shares valued at RM1.13bil. The broader market was weak with decliners beating advancers 573 to 199 and 291.


Most Asean countries weighting fell with the exception of Phillipines. As Malaysia's weightage was reduced the most, the stock market fell the most among the Asean peers, analysts said.

Asean-4 weight changes

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Double whammy for KLCI, tumbles 22pt
Asian markets slide, KLCI falls nearly 24 pts
* Malaysia decreased weight to 3.09% (prev: 3.43%), or a 0.34 percentage point decrease in weight;

* Indonesia decreased weight to 2.61% (prev: 2.68%), a 0.07 percentage point decrease;

* Thailand decreased weight to 2.19% (prev: 2.20%), or a 0.01 percentage point decrease; and

*  Philippines increased weight to 1.45% (prev: 1.40%), or a 0.05 percentage point increase

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Re: Spot KLCI Index
« Reply #149 on: May 14, 2016, 08:19:57 AM »



财经  2016年05月13日
银行股拖累 马股急跌20点

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(吉隆坡13日讯)虽然大马首季国內生產总值(GDP)按年成长4.2%,好于市场预期,但摩根史丹利(MSCI)调低数只MSCI大马指数大蓝筹的所占比重,致使马股今天急跌20.72点或1.26%,至1628.26点。

大马股市今天迎来一好一坏的消息,好消息是我国今年首季GDP成长4.2%,略高于市场预期的4.1%;坏消息是摩根史丹利调降了MSCI大马指数多只成份股的所占比重。

MSCI大马指数的成份股当中,仅2只股的所占比重被调高,即IHH医疗保健集团(IHH,5225,主板贸服股)和大眾银行(PBBANK,1295,主板金融股)。至於被调低比重的有5只股,计为联昌国际(CIMB,1023,主板金融股)、马银行(MAYBANK,1155,主板金融股)、大马银行(AMBANK,1015,主板金融股)、国油化学(PCHEM,5183,主板工业股)和国油贸易(PETDAG,5681,主板贸服股)。

马股因此在今天面对沉重的卖压,富时综合指数以1643.66点开盘后,一度上探至全天最高的1645.14点,惟,不久即大跌24.81点,午盘股市在首季GDP出炉后,更进一步下挫30.05点或1.82%,触及全天最低的1618.93点水平,尾盘收窄部份跌幅,最后以1628.26点掛收,全天则暴跌20.72点或1.257%。

就GDP而言,大华银行经济学家吴美玲指出,倘若经济成长未有显示回升的跡象,以及市场指標持续显见更加激烈的疲弱,不排除国行將有可能降息。

「不过,我们持续预期今年的隔夜政策利率將维持不变。」

此外,JFAPEX证券经济学家表示,首季GDP达到2651亿令吉,低于预期的4.3%,但高于市场预期。

这弱於预期的成长,主要因为外部需求低迷,及生產方面如农业的主要行业负增长所拖累。

「农业按年收窄3.8%,相比其他4个主要行业皆取得成长,即服务业按年成长5.1%、製造业按年增长4.5%、建筑业按年飆升7.9%、以及矿业按年持平微增0.3%。