Author Topic: Spot KLCI Index  (Read 265279 times)

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Re: Spot KLCI Index
« Reply #50 on: March 02, 2016, 04:12:54 PM »


Wednesday, 2 March 2016 | MYT 10:47 AM
CIMB Research revises KLCI year-end target to 1,800 points






 
 
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KUALA LUMPUR : CIMB Research revised downwards its KLCI year-end target to 1,800 points from 1,900 points previously following a mixed bag of results during the latest corporate earnings season for the fourth quarter of last year (Q4FY15).
 
In a note today, the research house said that 40% of the companies under its coverage reported results which were below expectations.
 
“Plantation and aviation sectors positively surprised while the rest disappointed. However, 4QFY15 earnings per share (EPS) rose 9.7% on a quarter-on-quarter basis due to the strong earnings recovery in the two sectors,” it said.
 
On the other hand, CIMB is lowering its 2016 EPS growth forecast to 5.7% from 7.5% previously.
 
“However, our 8.4% EPS growth forecast for 2017 is higher than consensus. While the revision for 2016 reflects our more conservative market recovery expectations, we believe the earnings growth momentum should continue into 2017.
 
While its previous KLCI year-end target of 1,900 points was based on a 5% premium to the three-year moving average earnings multiple of 15.5 times, the research house added that it is removing this due to the uninspiring growth outlook this year.
 
CIMB Research recommends the banking, construction and select small cap stocks as its preferred picks going forward.

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Re: Spot KLCI Index
« Reply #51 on: March 03, 2016, 06:52:00 AM »



财经  2016年03月02日 | 记者:雷洁敏
网上买卖查看报价须付费 打击投机 散户不受影响

10
网上买卖查看报价须付费 打击投机 散户不受影响
联昌国际投行和肯纳格研究投行分別通过itradecimb以及kentrade网站宣布调整收费。

(吉隆坡2日讯)3月1日开始,部份投资银行及股票行开始向通过网上交易平台买卖股票及查看股价的客户,徵收每个月1令吉的费用,以获得额外两项买卖方的报价。

市场人士认为,这项数据对以基本面买卖股票的投资者而言,影响不大。

3个报价数据免费

多家投行及股票行在2月底陆续通知用户,將会在3月开始对要继续查看5个买卖方的报价的人士徵收每个月1令吉的费用,以及6%的消费税。之前,这些网上交易平台都为用户提供个別股项的5个相关买卖方报价,但在3月之后,这些平台只会免费提供3个报价。希望继续查看5个报价的用户,就必须付费,每月1.06令吉(已涵盖消费税)或相等於一年12.72令吉。

据了解,有向用户要求付费的投行及证券行包括,联昌国际投行、肯纳格研究投行及达证券。

达证券抽佣经纪陈玉麟接受《东方財经》电访时表示,这或许会对进行即日鲜的人士带来些许影响,但对於以长期和公司基本面,作出投资的人士而言,则相信不会有影响。

「对於炒作性质高的股项,买卖方报价通常是吸引投资者进场的数据,但並不是一个真正可供参考,评估股票合理价值的资讯。」

与此同时,陈玉麟指出,市场上有各种类型的投资者,一些只是要拿公司股息,有的投资者则会重视公司前景和盈利表现,也有一些只看技术面的交易商、以及以短线交易为主的交易员。

短线交易影响较大

而买入和卖出的报价资讯,相对较受进行短线炒作的交易员及大型的投资者所关注,因为他们进行的交易量通常相当大,即使小额的价差也会带来不一样的盈亏结果,因此需要更紧密的盯著股价的变化。

「相反的,小投资者,如散户,则不受影响;多2个或少2个买卖方的报价资讯,並没有多大的意义。」

而其实,对於许多通过手提装置上网查看股价的投资者而言,差別就更少,因为手提装置应用程序平台,原本提供的买卖方报价就只有3项。

询及这项调整是否是大马交易所的决定时,陈玉麟相信,这应该是各投行本身的决定,或有可能是电脑软件平台供应商,在更新平台之后,作出的调整。

另一方面,大马股票抽佣经纪协会主席黄峋理也表示,这项调整並非大马交易所的决定,相信是承包各投行系统软件供应商,作出的调整。

不过,他认为,少2个报价资讯,或多或少还是会对投资者有影响。

「网络交易原本几乎是免费的,现在却需要负担一些成本才能查看更多资讯,客户必然会有怨言。」

不影响抽佣经纪

不过,他透露,这项改变仅局限於网上投资平台使用者,並没有影响付费使用交易系统的抽佣经纪。

《东方財经》也瀏览其他投行的网站,包括兴业投行、马银行投行、艾芬黄氏资本以及安联投行,但未见这些投行的网站有作出类似的调整宣布。记者也尝试电邮大马交易所、联昌国际和肯纳格研究,询问这项调整的决策,惟至截稿时,仅大马交易所回函,对此事並不知情,需向相关人士了解再作回应。其他几家投行及股票行则未回应

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Re: Spot KLCI Index
« Reply #52 on: March 03, 2016, 06:54:14 AM »



经  2016年03月02日
啤酒税变相调高 酿酒业盈利拉低

(吉隆坡2日讯)政府把麦芽啤酒税的算法从「每公升15%加7.40令吉」,改成「每公升每100%酒精175令吉」。分析员估算,假设平均啤酒的酒精含量达5%,上述转换相等于提高5.8%的啤酒税,而每1%啤酒税的增长,將把酿酒业的盈利拉低约2.9%。

从3月1日起,啤酒税的算法將改成「每公升每100%酒精175令吉」,而不是遵照过往的算法。

达证券分析员指出,这意味著,大马啤酒税的算法结构,从以往综合单一税制(unitary)与从价税制(ad valorem)的算法,转为从量税制(specific tax)。

由于这次的啤酒税算法改变,相等于变相调涨啤酒税,分析员认为,这將不利酿酒业。追溯过往经验,政府每一次调高啤酒税,包括2004年財政预算案(每公升啤酒税调高43仙,涨幅达10%)、2005年预算案(每公升啤酒税调高1.25令吉,涨幅达26.3令吉),以及2006年预算案(每公升啤酒税调高1.40令吉,涨幅达23.3%,另加每公升徵税15%),市场的啤酒消耗量都会减少。

赚幅承压財测下调

平均而言,每公升啤酒税每调涨1令吉,国內啤酒需求每年减少3.5%。一般上,2大啤酒股──皇帽酿酒厂(CARLSBG,2836,主板消费股)和健力士英格(GAB,3255,主板消费股),通常也只把部分啤酒税涨幅转嫁给消费者,因此也面对赚幅承压的问题。

即便啤酒税已经多年未获调高,但大马本已是啤酒税最高的国家之一。而且,此次变相调涨啤酒税却恰逢消费市场行情转差的时候,对酿酒业可能带来更大的衝击。

分析员相信,皇帽酿酒厂和健力士英格將在短期內先吸纳啤酒税的涨幅,以免流失市占率,或让走私啤酒市场得利。

因此,分析员也降低两者未来3年的盈利预期,皇帽酿酒厂的降低从2.4%至3.3%不等,而健力士英格的降幅达6.9%至7.4%不等,因为皇帽酿酒厂有颇为显著的新加坡业务贡献,可局部抵销啤酒税上涨的负面影响。

分析员维持皇帽酿酒厂和健力士英格的「守住」评级,目標价格分別为13.30令吉与14.95令吉。

今天闭市时,皇帽酿酒厂报12.62令吉,跌12仙或0.94%;健力士英格则起6仙或0.43%,至14.02令吉

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Re: Spot KLCI Index
« Reply #53 on: March 03, 2016, 07:01:54 AM »



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Banking sector silver lining for stock market
Posted on 3 March 2016 - 05:40am
Lee Weng Khuen
sunbiz@thesundaily.com
Print
PETALING JAYA: The banking sector could be a silver lining for the lacklustre earnings growth in the local stock market this year, according to analysts.

Alliance DBS Research said in a report yesterday that it sees the banking sector as a "dark horse", but much still depends on signs that its earnings downgrade cycle is finally over after kitchen-sinking exercises in 2015.

MIDF Research also sees potential upward earnings revisions in the banking sector, which could negate the effects from earnings revisions made to some index component stocks in the plantation and telecommunication sectors. Thus, the research house is maintaining its end-2016 target for the FBM KLCI at 1,800 points.

Generally, analysts opined that corporate earnings improved in Q4 2015, with MIDF Research noting that overall key earnings met its expectation for the second consecutive quarter after six consecutive quarters of disappointment.

The aggregate reported earnings of the current 30 FBM KLCI constituents totalled RM14.76 billion in Q4, higher than the RM11.77 billion in Q3, said MIDF Research.

Hong Leong Investment Bank (HLIB) Research said the Q4 reporting season recorded a further improvement, with 35% (Q3: 42%) of HLIB's coverage universe falling short of expectations while 27% (Q3: 12%) surprised on the upside. It said the improvement indicated that earnings deterioration has eased, and forecasts have become more realistic.

"The removal of macro risks after Budget 2016 recalibration, potentially better oil dynamics in 2H16 and the ongoing search for yields will make Malaysian equities attractive from foreign investors' point of view," it added.

Post reporting season earnings revisions, HLIB Research said, 2016 earnings per share (EPS) growth remains in positive territory, albeit at a slower pace of 3.9%, after two consecutive years of contraction.

"As for 2017 EPS growth, it has also been revised higher to 7.2% from 6.3%, partly due to lower base effect," it said.

PublicInvest Research said the oil and gas sector is the biggest casualty in terms of earnings misses as weak oil prices wreaked havoc on companies' earnings. Hence, earnings expectations for oil and gas players were lowered on concerns that the prolonged weakness in crude oil prices could dampen contract awards.

It also noted that prevailing economic weaknesses and elevated living costs hampered consumption spending, evidenced by the relatively poorer performances of the consumer and property sectors. The airline sector, meanwhile, is this period's surprise package.

"Nevertheless, we take encouragement in the fact that earnings hits (above and/or in line with) have now exceeded misses on a more convincing basis. The current count is 63% (hits) to 37% (misses) versus 58% to 42% as at 3QCY15 and 55% to 45% as at 2QCY15."

PublicInvest Research has retained "overweight" calls on the properties, plantation and power sectors, with selective exposure recommendation on the oil and gas and banking sectors as valuations of a few are increasingly attractive at current levels.

The research house said it is less enthused about export-related counters given its expectation of a stronger ringgit in the long term.
PublicInvest Research continues to advocate a trading-oriented stance in the interim, though any pronounced market weakness should be taken as accumulation opportunities.

AllianceDBS Research said although only 26% of its coverage universe reported negative surprises, 2016 earnings estimate for the FBM KLCI has been cut by 2.6%, largely driven by banks and telcos, which has more than offset the higher earnings of plantation stocks following its recent crude palm oil price forecast upgrade.

The research house continues to take a cautious stance on the market and maintains its year-end FBM KLCI target of 1,740 points in view of lingering earnings risks.

"Amid weakness in the domestic market, we continue to focus on three key themes for our stock selections: (1) resilient domestic earnings; (2) transport-related infrastructure spending; and (3) exporters with resilient external demand," it said

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Re: Spot KLCI Index
« Reply #54 on: March 03, 2016, 01:22:27 PM »



BILLIONAIRE INVESTOR CHUA MA YA EMERGES IN MALAYSIA BUILDING SOCIETY BHD FROM OUT OF THE BLUE.
Our Reporter | March 3, 2016
bizw_030514_kb_pg05a
Kuala Lumpur : Former banker Tan Sri Chua Ma Yu has emerged in Malaysia Building Society Bhd,  just weeks after the company failed in an attempt  to get a backdoor banking license by purchasing Bank Muamalat Bud.

The MBSB – Muamalat merger failed after MBSB’ major stakeholder the Employees  Provident Fund and Muamalat’s ultimate controlling stakeholder could not reach an agreement on valuations .

MBSB told Bursa Malaysia that Ma Yu  now owns just about six per cent of the company either when his direct and indirect interest  are combined.

Ma Yu  is the father in law of Quek Non Sean, the youngest son of Tan Sri Quek Leng Chan,  the hier apparent to the  the Hong Leong  Group financial service  empire.

It’s still unclear what are Ma Yu’s plans, but with the billionaire market player now in MBSB, one can expect some heavy trading, upsides and slides in the not so far off future

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Re: Spot KLCI Index
« Reply #55 on: March 03, 2016, 01:47:03 PM »



银行‧电信‧种植‧消费产品遇难关 企业盈利跌势未见底
财经新闻 财经  2016-03-03 09:46

 

1 of 2
(吉隆坡2日讯)由于大马上市企业盈利在第四季依然走低,因此,分析员认为业绩的下跌风险仍未见底,尤其是银行、电信、种植及消费相关行业。
马银行投行分析员总结2015年第四季企业盈利后,发现大马股市整体企业盈利在去年萎缩了0.7%。
因此,分析员预计,整体企业盈利在2016与2017年的涨幅也将放缓,分别为5.1%和7.3%。
至于综指成分股的盈利表现,在去年则萎缩0.5%,因此,分析员预测今明两年依然处于跌势,分别萎缩2.7%和3.3%。
经过几轮下修盈利及增长预测后,目前最重要的问题是,盈利还有下跌风险吗?下跌周期是否已到谷底?
分析员目前认为,企业盈利仍然有下跌风险,尤其是在2016年,并且会出现在银行、电信、种植、消费产品领域。

【點擊放大圖片】
●银行:净利息赚幅萎缩的压力比预期严重,今年估计萎缩6个基点,去年时萎缩16个基点。
此外,信贷成本也可能会上扬,今年预测涨幅为6个基点,至28个基点水平,2015年时为22个基点。
预测贷款增长也不如人意,估计仅增6.5%。
●电信频谱费用或调高,目前仍等待详情,这笔开销未计算在预估内。
●种植鲜果串收成可能达不到预期。
●消费相关包括汽车、博彩、媒体、零售,疲弱的消费情绪持续,可能无法在今年中复苏。
综指目标降至1780点
综合所有因素后,决定下调综指2016年底目标,从原本的1800点降低至1780点,相等于16倍本益比。
唯有在企业盈利出现稳固增长趋势后,再加上商品价格尤其是原油持续反弹时,马股才会出现上修的催化剂。
目前的风险,仍然是企业盈利继续令人失望,以及商品价格趋弱。
航空业今年转亮
在马银行投行所视察的22个领域里,有12个出现盈利萎缩,其中按年跌幅大于20%的有:建材(因为安裕资源(ANNJOO,6556,主板工业产品股)蒙亏)、汽车(被合顺(UMW,4588,主板消费产品股)拖累),此外,还有油气以及种植。
此外,航空领域的核心净利也陷入了核心亏损。
油气业料再萎缩
在今年,分析员估计油气领域的盈利,将会连续第二年陷入萎缩。
同样遭到厄运的,还有媒体(因为Astro(ASTRO,6399,主板贸服股)的内容成本高涨)、产业(自2014年以来销售偏低)、船运(马国际船务(MISC,3816,主板贸服股)所有业务盈利走低)。
盈利增长的亮点,估计会出现在航空领域,因为飞机燃油价格偏低,加上大马机场(AIRPORT,5014,主板贸服股)转亏为盈,因此整体领域将会转盈。
至于盈利增长幅度高于20%的,料来自出口相关领域,例如手套、石化、半导体,继续从令吉贬值中受惠。
内外夹攻防御为上
分析员指出,虽然马股外资流出的问题已缓解,短期下跌风险也解除,但仍面对内外因素夹攻。
外围不稳定的因素,包括了美国升息的步伐;中国结构放缓,国内生产总值低于7%;新兴市场受冲击并继续动荡不安。
至于内部因素,在政治风险逐渐消除后,主要的担忧已经转到经济放缓,消费者情绪低迷,商家失去议价能力。
此外,在成本高涨之际(7月1日新最低薪金制、调高外劳人头税、电信频谱费增加),本地商家也必须承受低赚幅的压力。
因此,分析员建议投资者采取防御型投资策略。

【點擊放大圖片】
种植建筑仍有投资机会
尽管企业盈利走低,加上内外因素加工,但分析员认为马股仍有不少投资机会,尤其是在种植与建筑领域。
在种植领域方面,埃尔尼诺有可能在今年第二季推高原棕油价格,加上收成下跌,分析员预测在3至5月,可能会攀抵2700令吉水平,首选IOI集团(IOICORP,1961,主板种植股)。
“在最好的情况,原棕油价格甚至会达到2900令吉,假设原棕油能够追随大豆油的步伐。”
然而,分析员却担忧当棕油进入下半年的丰收季节时,价格将会出现大幅的调整,因为届时埃尔尼诺的效应也将消退。
至于建筑领域,今年将开发颁发大型基建工程合约配套,例如泛婆罗洲大道、捷运2工程。
进入下半年,大型工程估计还有轻快铁3、金马士-新山(Gemas-JB)双线铁路工程。此外,西海岸大道(WCE)以及炼油与石油化工综合发展计划(RAPID)仍有不少土木工程配套有待颁发。
该领域首选股包括了金务大(GAMUDA,5398,主板建筑股)、WCT控股(WCT,9679,主板建筑股)、双威建筑(SUNCON,5263,主板建筑股)、砂查也马特(CMSB,2852,主板工业产品股)、福胜利(HSL,6238,主板建筑股)

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Re: Spot KLCI Index
« Reply #56 on: March 03, 2016, 03:25:59 PM »



IF EMERGING MARKETS ARE FAKING IT, EXPECT THE COMING DOWNSIDE TO BE INTENSE.
Our Reporter | March 3, 2016
images (1)
March started with a nice bounce in emerging-market stocks, giving hope to investors the worst may be over. The one thing lacking, though, is volume, which may suggest there isn’t enough conviction that equities from Brazil to China have really hit rock bottom.

The MSCI Emerging Markets index is up 4.2 percent this month, erasing almost two-thirds of losses from the previous two months. The MSCI Asia Pacific ex Japan index has risen 4.9 percent, after falling 8.9 percent in January and February. Yet overall volume has been below the one-year average, as well as the 30-day moving average most of the time.

VOLUME ON THE MSCI EMERGING MARKETS INDEX SLUMPED45% in 2015
Technical analysts tend to look at volume for an indication a trend is reversing. If there are lots of people buying when stocks start bouncing following a bear market, it usually signals investors have begun to think equities are a bargain. There hasn’t been that clear a correlation between volume and direction this year:

Lacking Conviction
Volume has been higher than the 30-day moving average more often on down days this year
The movement in the MSCI Asia Pacific ex Japan benchmark is of particular concern. That’s because stocks from Asia comprise 71 percent of the world’s most watched emerging-markets gauge:

Skewed East
What happens in Asia matters to the MSCI Emerging Markets index because the region’s stocks make up 71% of it
Sure, some of the biggest fund managers such as BlackRock, Franklin Templeton and Goldman Sachs Asset Management have started to say developing-nation stocks are looking cheap. But given the subdued volumes, it’s unclear how much of their money they’re using to back those words.

Part of the reason why emerging-market equities began to rise was the perception of increased stability in the yuan, as well as a bounce in oil prices. The MSCI Emerging Markets index has seen some of its highest correlations with crude in recent history over the past 12 months and that’s still the case. Those two factors, though, are highly volatile and could quickly reverse.

If they do, moves to the downside could easily be as intense. With anemic volumes, every little trade makes a bigger-than-usual impact on prices. Until there are decent volumes in either direction, it may be worth taking this rally with a pinch of salt

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Re: Spot KLCI Index
« Reply #57 on: March 03, 2016, 08:30:52 PM »



1700點闖關失敗‧馬股先盛後衰
2016-03-03 17:13     

 
(吉隆坡3日訊)隔夜美股走揚,加上美國就業數據良好,以及原產品價格走揚,帶動馬股追隨區域同儕上升腳步,富時綜合指數連續3天走揚,早盤升至1699.96點,直逼睽違5個月的1700點關口。然而,尾盤賣壓湧現,綜指掉頭回跌,無法成功闖關。
最高衝至1699.96點
富時綜指今日開盤即起3.05點至1694.08點,隨後在買盤不斷湧現下,最高見1699.96點,起8.93點或0.53%,創下2015年10月26日來最高,最終收在1688.20點,跌0.17%或2.83點。
馬屋業大起8仙
金融指數先強後弱,全日下跌42.59點至14225.65點,其中馬屋業(MBSB,1171,主板金融組)受到蔡傌友崛起成為大股東的消息提振,全日大起8仙或6.06%至1令吉40仙。
根據馬屋業文告,蔡傌友週一在公開市場收購該公司1億7千190萬股股票,最終持有該公司3.76%(或相等於1億零667萬股)直接股權,以及2.3%(相等於6千523萬股)間接股權,令持股超過5%,而成為主要股東。
興業資本(RHBCAP,1066,主板金融組)漲勢同樣凌厲,全日上揚10仙或1.83%至5令吉56仙,站上8週來最大漲幅。
Etiqa保險與伊斯蘭保險研究主管吳保雲說,在過去數天,拋壓沉重的興業資本開始追趕其他大資本股漲勢,“市場再傳出併購消息,但我們並未聽到任何強而有力的消息。”
“但我們確實發現興業資本和馬屋業有一些共同股東。”
展望馬股後市,豐隆研究表示,富時綜指在週三強力突破200日移動平均線後,短期內將出現三角突破(triangle breakout)的上升訊號,有望朝1,700點和1,706點(2015年12月30日高位)發起攻勢,短期支持點落在1,652點和1,678點。
不過,達證券則唱反調,稱經過連日漲勢,以及投資者觀望今晚和週五公佈的美國供應管理協會(ISM)服務數據和非農數據,相信股市可能陷入套利鞏固格局。(星洲日報/財經


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Offline bursamy

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Re: Spot KLCI Index
« Reply #58 on: March 03, 2016, 08:45:24 PM »
Sign up for free signals here : http://www.123contactform.com/form-1409960/

TO BUY A STOCK THAT HAS A BOND NATURE. For SAFETY people keep CASH IN THE BANK. For SAFETY people buy SINGAPORE GOVT. BOND. Stock is too dangerous and violatile. Not if you KNOW WHAT YOU INVEST IN.

Actually, Stock Investment IS VERY SAFE IF YOU KNOW HOW. It takes INTELLINGENCE to MAKE MONEY IN THE STOCK MARKET. What kind of intelligence? BOTH MENTAL AND EMOTIONAL INTELLIGENCE.

Warren Buffett read “THE INTELLIGENT INVESTOR” by  Benjamin Graham and saw the light of day in all his future investment. From his Master Teacher Benjamin Graham he  learnt “margin of safety”.

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Re: Spot KLCI Index
« Reply #59 on: March 04, 2016, 08:58:29 AM »



Friday, 4 March 2016 | MYT 8:10 AM
Ranhill Holdings final price fixed at RM1.20
BY JOSEPH CHIN







 
 
More in Business

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KUALA LUMPUR: Ranhill Holdings Bhd’s final price has been fixed at RM1.20, which is 50 sen below the initial retail price of RM1.70 after the lukewarm response to its listing exercise.

Malaysian Issuing House Sdn Bhd (MIH) announced late Thursday that the institutional price was arrived at after the book building exercise for its listing on the Main Market of Bursa Malaysia Securities.

It said since the final retail price of RM1.20 per share was less than the retail price of RM1.70, there would be a refund of 50 sen per to successful retail applicants without any interest thereon.

MIH said there were 2,833 applications representing 16.03 million shares under the retail offering.

“The retail offering of 120.82 million shares will be underwritten by the joint underwriters, subject to clawback and reallocation provisions under the offering,” it said.

Under the institutional offering of Ranhill, it said 55.53 million shares have been allocated to Bumiputera investors approved by MITI and 145.96 million issue shares have been fully allocated to Malaysian and foreign institutional and selected investors.

“Accordingly, the enlarged issued and paid-up share capital of Ranhill following the completion of the offering is 888.31 million shares.

“In accordance with the terms as set out in the original prospectus dated Dec 31, 2015 issued by Ranhill, the selling shareholder has also, in its absolute discretion, decided not to offer shares for sale under the offering,” it said.

On Jan 29, Ranhill announced it had delayed its proposed listing on the Main Market of Bursa Malaysia from Feb 18 to March 16, citing that institutional investors wanted more time to deliberate.

Ranhill, which is involved in environment and energy sectors, had then said  it had extended its public offering to Feb 25 for retail investors and Feb 29 for the institutional investors.

Ranhill has businesses in the environment and energy sectors. Through its environment business, Ranhill, via its subsidiary SAJ Holdings Sdn Bhd, is the exclusive water operator for the entire State of Johor, providing water supply services to the second most populous state in Malaysia.

It also operates water and wastewater treatment plants, non-revenue water reduction and specialised services in the management and optimisation of water utility assets.

Ranhill also has water and wastewater concessions in China and Thailand, with total combined design capacity of more than 400 million litres per day.

In China, Ranhill operates 10 water, industrial wastewater and water recycling plants in the provinces of Henan, Anhui, Jiangxi and Liaoning.

It is also involved in power generation and is one of the largest independent power producers in Sabah

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Re: Spot KLCI Index
« Reply #60 on: March 04, 2016, 09:17:58 AM »



AffinHwang Capital lowers end-2016 KLCI target to 1,774
By Surin Murugiah / theedgemarkets.com   | March 4, 2016 : 8:49 AM MYT   
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KUALA LUMPUR (March 4): AffinHwang Capital Research has lowered its end-2016 target for the FBM KLCI to 1,774 (from 1,793) and said the Malaysian economy went through another global-led stress test right at the start of 2016.

In a strategy note today, the research house said it believed Malaysia has emerged relatively unscathed.

It said the ringgit had strengthened despite a weaker Brent price, adding that funds are beginning to flow back into Malaysia, MGS yields are down, and the FBM KLCI had rebounded from its lows.

“While GDP growth is slower, private consumption has rebounded, net exports are stronger, the current account surplus has widened, the portfolio account of the Balance of Payment has turned positive, and the federal government is on track to achieve a lower fiscal deficit.

“In fact, if we look at all these holistically, we could argue that country risks have dissipated.

“We remain Positive on the Malaysian market,” it said

Offline CurryLee

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Re: Spot KLCI Index
« Reply #61 on: March 04, 2016, 09:25:10 AM »
BUY BUY BUY!!!! SUPER DUPER BULL IS COMING!!!!!  :D  :D

Posted by: king
« on: Today at 09:17:58 AM » Insert Quote



AffinHwang Capital lowers end-2016 KLCI target to 1,774
By Surin Murugiah / theedgemarkets.com   | March 4, 2016 : 8:49 AM MYT   
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
KUALA LUMPUR (March 4): AffinHwang Capital Research has lowered its end-2016 target for the FBM KLCI to 1,774 (from 1,793) and said the Malaysian economy went through another global-led stress test right at the start of 2016.

In a strategy note today, the research house said it believed Malaysia has emerged relatively unscathed.

It said the ringgit had strengthened despite a weaker Brent price, adding that funds are beginning to flow back into Malaysia, MGS yields are down, and the FBM KLCI had rebounded from its lows.

While GDP growth is slower, private consumption has rebounded, net exports are stronger, the current account surplus has widened, the portfolio account of the Balance of Payment has turned positive, and the federal government is on track to achieve a lower fiscal deficit.

“In fact, if we look at all these holistically, we could argue that country risks have dissip
ated.

“We remain Positive on the Malaysian market,” it said
malimalimaliongongongnotongchefbutishua thuatong

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Re: Spot KLCI Index
« Reply #62 on: March 04, 2016, 09:36:29 AM »



美国大选‧中国放缓‧英国退欧 投资者忧3大风险
国际新闻 头条 国际  2016-03-04 07:18

 
(纽约3日讯)今年投资市场陷入动荡,归咎新兴市场增速放缓,以及对央行政策效果的担忧,接下来还有三项风险挡在前面,那就是美国共和党参选人特朗普当选总统、中国经济减速,以及英国退欧。
Columbia Threadneedle投资总监兼股票业务全球主管马克布吉斯(Mark Burgess)直言,要担心的事情很多,其中美国11月的总统大选,若特朗普当选则有很大风险。
特朗普“很可怕”
“不管你是不是市场参与者,特朗普的有些说法从理性的角度来看,真的可怕。民主党参选人希拉丽在过去两年一直持反商业的态度,所以她是最不糟糕的一个结果,但也不是好结果。”
同时,英国人将在6月23日公投是否退出欧盟,他认为退欧对英国和欧洲的伤害极大,即使欧洲不完美,但英国最好还是留在欧洲。
政治问题并非唯一的阴云。随着中国经济放缓,这个全球第二大经济体正在从投资驱动型增长,转向服务驱动型增长,给大宗商品价格和步履维艰的全球出口商带来下行压力。
“中国结局可能不好,或带来重大后果,该国需努力解决资本错配问题,这意味着通货紧缩和增长放缓。”

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Re: Spot KLCI Index
« Reply #63 on: March 04, 2016, 09:47:07 AM »


klci  1700.3

Offline ongchef

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Re: Spot KLCI Index
« Reply #64 on: March 04, 2016, 10:28:43 AM »
 :D :D :D...........veli panlai lor!!! :thumbsup:....resexxions,4 lor!! :)lain olang have nasi lemak abalone$$$,teh kaw kaw satu lagi!!! :D :D :D

Offline ongchef

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Re: Spot KLCI Index
« Reply #65 on: March 04, 2016, 10:32:19 AM »
 :D :D :D.............it is when the tides rise again ship sailing,those manyak panlai abc seen naked  eating sour grapes!!! :D :D :D


 :thumbsup: :handshake: :handshake: :handshake:

Offline ongchef

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Re: Spot KLCI Index
« Reply #66 on: March 04, 2016, 10:39:02 AM »
 :D :D :D............no lowya student,left now only fees collecting sifus in ICU drafting 67 again!!! :P :P :handshake: :handshake:

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Re: Spot KLCI Index
« Reply #67 on: March 04, 2016, 07:35:35 PM »




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字級設定: 小 中 大 特
別跟風?新興市場漲勢虛、基本面地雷遍布、隨時有暗箭
回應(0) 人氣(453) 收藏(0) 2016/03/04 16:20
MoneyDJ新聞 2016-03-04 16:20:58 記者 陳苓 報導
近來新興市場股匯齊揚,本週週線有望創下去年10月以來最大漲幅,不少外資跟進唱多,但是空方警告,這波漲勢缺乏基本面支持,新興市場仍然地雷遍布,市場情緒稍有變化,就可能再次崩盤。
巴倫(Barronˋs)網站和華爾街日報3、4日報導,MSCI新興市場指數自1月底低點大漲12%,年初以來跌幅幾乎一筆勾銷。新興國家貨幣也走勢強勁,墨西哥披索和俄羅斯盧布相對於美元都強彈,分別升值7%、13%。然而,新興市場基本面並未改善,投資人進場純因報酬難尋,歐日公債殖利率降至負值、美債也在低檔徘徊。而且經理人有績效壓力,若不趕搭風潮,表現將落後大盤。
RBC Capital Markets執行董事Daniel Tenengauzer說,多數新興市場投資人都認為基本面不佳,但是為了績效,不得不進場。部分人士形容,新興市場地雷遍布,走勢隨時可能轉向。

新興市場逆風包括經濟成長低迷、債務負擔沉重、人民幣可能貶值避免資本外流,聯準會(FED)或許會在下半年升息等。法國興業銀行策略師Kit Juckes表示,許多方向都可能有暗箭射來,很難對此感到興奮。巴克萊更直言,這波漲勢與基本面脫鉤。
CNBC 1日報導,國際金融協會(Institute of International Finance,簡稱IIF)宣布,去年7月以來,新興市場資金持續出逃,但是今年2月份失血情況幾乎暫停,出走資金減至2億美元。2月份新興市場股市失血11億美元,但是債市吸金9億美元,大幅抵銷失血狀況。
IIF認為,2月份國際資金轉向,主因市場心態轉變,外界原本預期今年美國聯準會(FED)將升息四次,如今升息似乎無望,利率將持平,甚至會降息。芝加哥交易所集團(CME Group)的聯邦基金利率期貨顯示,市場預期3月升息機率為個位數、6月升息機率為33%、12月升息機率為55%。
PIMCO官網先前貼出Research Affiliates投資長Christopher Brightman的訪談,Brightman表示,新興市場資金出走潮實為絕佳機會,對長期投資人來說,或許是十年一遇的投資良機(trade of a decade)。
*編者按:本文僅供參考之用,並不構成要約、招攬或邀請、誘使、任何不論種類或形式之申述或訂立任何建議及推薦,讀者務請運用個人獨立思考能力,自行作出投資決定,如因相關建議招致損失,概與《精實財經媒體》、編者及作者無涉。


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Online king

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Re: Spot KLCI Index
« Reply #68 on: March 05, 2016, 09:41:50 AM »



星洲网首頁 > 財經 > 大馬
業績料已“見底”‧大藍籌盈利重新抬頭
2016-03-04 17:23     

 
(吉隆坡4日訊)馬股第四季企業盈利整體雖有改善,總結全年仍讓人失望,分析員對今年盈利展望保持謹慎,卻也期待跌勢已於去年第四季見底;經《星洲財經》統計,馬股企業盈利確實有望在今年回穩,卻可能僅寫小幅增長,無法明顯反彈。
總結去年第四季,馬股大藍籌業績表現整體不過不失,儘管不少公司盈利繼續下滑,業績反彈者也不少,顯示馬股盈利連續兩年讓人失望後,可能已逐漸站穩陣腳,尤其在考量銀行業完成雇員合理化活動,及原棕油價谷底等盈利催化因素後。
較早前,豐隆銀行就在報告中說馬股第四季財報顯示企業盈利有進一步改善跡象,意味盈利惡化風險已經降低。
然而,由於大馬經濟活動料難逃放緩,過去兩年都大喊失望的分析員也不敢對今年盈利展望過於樂觀,畢竟經濟表現往往將直接影響企業盈利,尤其在內外需都顯得低迷無力之際。
內需士氣低落
內需士氣低落,原因是受油價低迷打擊的政府為保赤字目標,被迫打人民口袋主意,頻頻削減津貼和調高稅率,私人界企業為保利潤大手筆裁員也引起不安,消費者深感未來變數大,紛紛謹慎規劃開銷,使市場越見低迷,也影響了分析員和企業本身對今年業績展望的信心。
資料顯示,市場分析員目前預測馬股盈利在今年取得介於5至8%成長率,算是相對保守的預測,因馬股過往盈利成長率都徘徊在雙位數水平。
以下是《星洲財經》2015年馬股大藍籌業績所作統計,及對今年業績展望的評價。
●銀行
統計對象:馬來亞銀行、聯昌銀行、大眾銀行、豐隆銀行(6個月)、興業資本和大馬銀行(9個月)
2014年總淨利:188億7千866萬令吉
2015年總淨利:181億2千825萬令吉
按年變化:跌7億5千零41萬令吉或3.97%
潛在利好:完成裁員計劃,每年料節省數億令吉開銷
潛在利空:貸款成長放緩,賺幅仍有壓力
評價:
分析員原本頗看好銀行盈利可在今年復甦,惟在經濟成長放緩帶來更多變數後,銀行業的展望繼續顯得謹慎,儘管多數分析員仍看好銀行盈利可迎來反彈。
去年,盈利下跌的銀行股包括聯昌集團(CIMB,1023,主板金融組)、興業資本(RHBCAP,1066,主板金融組)、大馬銀行(AMBANK,1015,主板金融組)和豐隆銀行(HLBANK,5819,主板金融組),唯獨兩大銀行股――馬來亞銀行(MAYBANK,1155,主板金融組)和大眾銀行(PBBANK,1295,主板金融組)繼續成長。
由於聯昌、興業資本和豐隆銀行已陸續完成雇員自動離職計劃和兌現相關開銷,今年盈利有機會逆轉劣勢。
國內貸款成長率在今年首個月放緩至7.7%,這對銀行來說是壞消息,顯示今年業績仍有下壓,加上存款停滯不前,如何提昇流動資金也讓銀行頭疼,各銀行也許警惕經濟放緩對資產素質的潛在負面影響。
●種植
統計對象:IOI集團(6個月)、森那美(6個月)、聯土全球、吉隆坡甲洞(3個月)、雲頂種植和PPB集團。
2014年總淨利:29億6千802萬令吉
2015年總淨利:27億6千零86萬令吉
按年變化:跌2億零716萬令吉或6.97%。
潛在利好:原棕油價反彈
潛在利空:經濟低迷可能影響需求,庫存量仍高,下游競爭力落後印尼
評價:
綜合分析員意見,種植業今年展望顯然比過去幾年都樂觀,原因是厄爾尼諾干旱現象引起人們對未來產量可能受創的憂慮,刺激原棕油價從去年的2千令吉低點,反彈至目前的2千500令吉。
業績資料顯示,種植業去年盈利遜色,主要是受原棕油低迷打擊,及部份擁有大量外債的種植業者因美元強漲而被迫乾吞外匯轉換虧損,否則領域盈利有望超越2014年,因單是IOI集團(IOICORP,1961,主板種植組)的外匯虧損,就造成2015年總盈利蒸發約3億令吉。
隨著馬幣兌美元近期持穩,加上棕油價回升,種植業盈利大有機會在今年復甦,這也是各證券行過去幾個月陸續上調種植業投資評級的主要原因。
●油氣
統計對象:阿瑪達、合順油氣、國油化學、國油貿易、國油氣體和國際船務
2014年總淨利:74億8千474萬令吉
2015年總淨利:74億2千零33萬令吉
按年變化:減6千441萬令吉或0.86%。
潛在利好:油價反彈
潛在利空:經濟放緩拉低產品銷量
評價:
面對油價暴跌,油氣業去年盈利卻顯得相對穩定,但這純粹是靠重量級下游“國油系”
公司撐腰,反觀上游公司業績面對資產撥備和工作減少打擊,整體慘不忍睹。
如阿瑪達(ARMADA,5210,主板貿服組)及合順油氣(UMWOG,5243,主板貿服組)就雙雙在2015年由盈轉虧,各報2億3千456萬和3億7千230萬令吉淨虧損,慶幸4家“國油系”公司均獲國油長期合約、原料成本下滑等因素加持,盈利全數報漲,力撐領域業績表現。
雖然油價目前看似已經見底,分析員對油氣業的展望卻仍顯得悲觀,尤其是上游領域,這主要因不預見油價在短期內明顯復甦,使工作機會縮水和資產租金繼續低迷,限制業績反彈空間,預計只有當油價明顯復甦時,油氣業才有轉機。
無論如何,下游業者料繼續受惠於原料成本低企,國油系公司業績也因背後有母公司撐腰,供求均穩定,業績料可繼續持穩。
●電訊
統計對象:數碼網絡、亞通、明訊和馬電訊
2014年總淨利:69億4千587萬令吉
2015年總淨利:67億1千604萬令吉
按年變化:跌2億2千983萬令吉或3.3%。
潛在利好:-
潛在利空:同業競爭越見激烈,賺幅可能受損
評價:
向來被視為“抗跌”代表的電訊股,去年業績欠佳,加上領域競爭持續升溫、市場飽和、開銷壓力沉重等負面因素,使分析員整體不太看好電訊業今年盈利表現。
國內電訊、尤其是流動電訊業者,目前正面對新興業者發起的挑戰,如U Mobile公司和馬電訊(TM,4863,主板貿服組)旗下P1公司,都打算在流動電訊市場搶佔一席之地,分析員都擔心這可能拉低領域營運賺幅。
政府早前重新分配頻譜,也加重部份業者未來的資本開銷壓力,頻譜配額遭削減的就包括亞通(AXIATA,6888,主板貿服組)和明訊(MAXIS,6012,主板貿服組)。
有鑑於此,電訊公司盈利雖可望繼續鞏固,要在今年取得成長卻有不小難度。(星洲日報/財經‧報導:李三宇


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Re: Spot KLCI Index
« Reply #69 on: March 05, 2016, 02:15:34 PM »



MALAYSIA PLACE CRUDE ACE ON TABLE, RESCUE’S RINGGIT &ECONOMY
Our Reporter | March 5, 2016
20160305_051327
Kuala Lumpur : Brent Crude Oil now trades well past the Malaysian Government forecast, the measure used to plan its expenses.

The Malaysian budget forecast that Brent Crude will trade at an average of in  between US$30 a barrel and US$35 a barrel.

Brent Crude added US$1.85 to close at US$38.72 on the benchmark London ICE Future’s market.

This Ringgit bull’s now have an ace in hand come next Monday, that it will put to play.

That ace in hand, will be used as the weapon of choice in 2016’s maiden push for  Ringgit, to be quoted below the numerical 4  in exchange for one American dollar.

Once the hold of the 4 is broken, expect the Ringgit to trade purely on adrenaline rush.

Plan, execute and play that momentum right,  will be reason enough for Malaysia’s  equity market to literally “go on fire

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Re: Spot KLCI Index
« Reply #70 on: March 06, 2016, 08:13:04 PM »



财经  2016年03月06日 | 记者:陈琪梅
马股试挑1700点

马股试挑1700点

国际油价平稳走高、外资回流马股,再加上市场认为美联储(FED)3月会议將会延迟升息。在这些因素带动下,大马富时综合指数上週节节走高,一度触及1700点水平。展望本週,市场人士认为要突破1700点有难度,一旦坐上这水平,则有望进一步走高。

按周比较,富时综指上涨29.05点或1.75%,週五掛1692.49点。而全场成交量则上扬4.15%,至86亿7238万股。同时,成交值亦大幅提升,按周上涨21.48%,至106亿4267万令吉。

接受《东方財经》电访的市场人士普遍认为,综指有望突破1700点水平。

肯纳格研究主管陈建尧指出,上週许多外资回流,而由於银行领域不再令人过於担忧,因此亦见资金回流。

此外,抽佣经纪陈玉麟表示,马股的投资情绪在上週出现了一些微妙的转变,有更多股项的交易变得更活跃,其中亚洲航空(AIRASIA,5099,主板贸服股)和亚航X(AAX,5238,主板贸服股)更是交投炙热。在市场情绪转好的情况下,推高了综指,他相信综指在本週依然有机会走高。

展望本週,陈建尧相信上市公司业绩已被市场消化,因此不再成为让马股泛起涟漪的石子。另外,美联储將在下週举行会议,估计会延迟升息,有助带动油价持续走高。「油价回稳將可吸引外资回流,进而带动马股上扬。」

无论如何,从整体走势来看,马股料会窄幅波动,而本週不排除將会突破1700点水平,「如果可以衝破,则有机会上升至1706至1710间水平。不过,若后劲不足,或將回调至1650点。」

同时,儘管综指在上週屡次试探1700点不果,但陈玉麟相信,综指在本週仍有望衝破1700点。他披露,根据经验,上週的情绪转变可能只是一个开端,接下来的交投活动预料更活跃,足以继续推高马股。他相信,综指若能衝破1700点,本週可继续走高,並在1710点遭遇阻力。

不过,从技术面来看,回升至1700点却有一些难度。丰隆投行技术分析员傅文邦表示,由於上週的上涨行情主要集中在蓝筹股,转手量也没有提高的跡象,因此本週在突破该点数上存在挑战。同时,日线图上没有明显的利好讯號,市场情绪还是在中和水平。

「儘管指数突破了200天移动平均线(200MA),但短期內未必能站稳。平均乖离指数(MACD)负面,形成死亡交叉后,已失去上升动力。」

无独有偶,陈建尧亦认为目前综指已处於超买水平,不排除將会进行回调。因此,他將阻力水平设在1700点及1706点,而扶持水平则在1685点及1650点。

陈玉麟补充,由于市场情绪改善,投资者可以进场,但须注意目前处于多事之秋的政坛,会否再次拖累市场。此外,陈建尧建议投资者留意早前超卖的股项如沙布拉肯查纳石油(SKPETRO,5218,主板贸服股)。不过,傅文邦指出,若成功突破1700点,建议交易者趁高套利

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Re: Spot KLCI Index
« Reply #71 on: March 07, 2016, 11:38:27 AM »



RED ALERT – STOCKS COMING DOWN. NIKKEI DOWN, HANG SENG DOWN, SHANGHAI HOLDING, BUT JUST BARELY
Our Reporter | March 7, 2016
unnamed
Kuala Lumpur : After being up by more than 100 points,  for most part of the day, the Nikkei 225 has given up all its gains and fallen below the key 17,000 mark.

The 225 now trades at 16,939 points, and it is down by 75 points for the day, while at Hong Kong, the Hang Seng Index which was up by more than 200 points earlier in the day is now down by some 39 points to 20,137 points. Shanghai meanwhile is up by less than 0.5 per cent to 2,888 points

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Re: Spot KLCI Index
« Reply #72 on: March 09, 2016, 02:17:35 PM »



KL STALLS ON SHANGHAI BLOODBATH
Our Reporter | March 9, 2016
download (6)
Kuala Lumpur : Bursa Malaysia’s KLCI is down 9.05 points to 1,678.810, as investors fret on the blood bath taking place on the Shanghai Stock Exchange.
Shanghai is down 2.9 per cent or 84.17 points to 2,817.21 points. Nikkei 225 of Japan, Asia’s other heavyweight is also having a bad day as the bears just won’t stop culling down stocks. The Nikkei is down 218.82 points to 16,564.33 points.
The US dollar gained some traction versus the Ringgit, gaining 0.41 per cent to RM4.1340

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Re: Spot KLCI Index
« Reply #73 on: March 12, 2016, 08:52:57 AM »



歐中行6箭齊發‧游資大增‧馬股短期有看頭
2016-03-11 18:04     

 
(吉隆坡11日訊)歐洲中行(ECB)全線降息和擴大量寬的消息撼動全球市場,分析員認為,由於市場游資增加,短期內對馬股有利,追逐高回酬股項的活動將持續,而提供高股息的藍籌股料受青睞。
隨著全球游資進一步增加及歐洲利率拉低,這將使市場渴望尋求高回酬率領域,從而推高較高風險資產(如股市)的價格。
馬股冷待
大馬股市今日冷靜應對歐中行減息及加大量寬的行動,馬股綜指全天微起5.63點至1696.54點,全場交投適中,總共有16億3千200萬股易手。
豐隆研究經濟學家徐克宇指出,歐洲中行減息及擴大量寬,顯示歐中行急於抗禦歐元區陷入通縮的風險,以及願意進一步推低利率至負利率區域,儘管這將令銀行淨利息賺幅受到潛在負面影響。
徐克宇對歐中行最新刺激經濟行動持略為正面的看法,因這將可避免經濟及通膨進一步下滑。
“我們維持歐元區今年的經濟成長1.5%(2015年成長1.5%)的預測。”
ARECA資本首席執行員黃德明表示,歐中行減息及擴大量寬,實是市場預料中事,就像日本一樣持續減息及再次深化其貨幣政策、增加購買債券等,以推動及刺激經濟成長。
他表示,歐中行持續寬松,主要是之前寬松的資金沒有流入所期待的領域,以便刺激企業借貸、企業增加人力提高就業率、以使通膨率過低等。
徐克宇認為,雖然歐中行的最新行動超越市場預測,惟對市場的衝擊可能輕微,因為歐中行暗示不會再有進一步刺激行動,特別是市場擔心負利率可能打擊銀行盈利。
國行不調息
讓財政措施發揮效用
徐克宇表示,國內市場方面,國家銀行(BNM)最新的議息結果,保持隔夜政策利率(OPR)在3.25%,這主要是國行較傾向讓財政措施在經濟中先行發揮效用,而不是採取貨幣寬松行動。加上大馬推出2016年修正財政預算案,解除了財政風險,這將提高利率差距,令馬幣計的資產更具吸引力。
短期內,該行認為,馬股將持續受到原油價格的推動,惟預料投資者較專注在擁有較高回酬率的大資本股項。
該行將2016年馬股綜指年杪目標維持在1760點水平,或等於2017年盈利的15.0倍本益比(傳統平均水平)。
唱好藍籌股
豐隆研究指出,該行看好的高回酬股項,主要是擁有良好企業監管的高回酬大資本股項,特別是看好釀酒股包括皇帽釀酒廠(CARLSBG,2836,主板消費品組)及健力士英格(GAB,3255,主板消費品組),它們的目標價分別為13令吉60仙及15令吉68仙。
該行首選股保持不變,即馬銀行(M A Y B A N K,1155,主板金融組)、數碼網絡(DIGI,6947,主板基建計劃組)、及亞洲航空(AIRASIA,5099,主板貿服組),主要是它們擁有不錯的周息率及偏低估值。
其他首選股為U E M前線(EDGENTA,1368,主板貿服組)、金務大(GAMUDA,5398,主板建築組)、怡保工程(IJM,3336,主板建築組)、美德再也(MITRA,9571,主板建築組)、雙威建築(SUNCON,5263,主板建築組)、國家能源(TENAGA,5347,主板貿服組)及西港(WPRTS,5246,主板貿服組)。
MIDF研究認為,歐中行所有的擴張性政策是相當積極的,歐中行願意更深入負利率區域,以及擴大其債券購買計劃,包括公司債券。這之前一直都未曾實行過。
歐中行總裁認為此舉合理,因為它已經大幅下調通膨預期0.9%,認為2016年通膨只有0.1%,而2016年經濟增長預測降至1.4%(原本預測增長1.7%),以及2017年成長預測從1.9%下調至1.7%。
MIDF指出,歐中行最新舉動是向其歐洲同行如瑞士,瑞典和丹麥(降低存款利率為負)看齊,但MIDF重申,在需求萎靡的情況下,負利率不可能推高通膨,就業前景黯淡和工資成長平平,將難以出現消費成長。缺乏消費將令通膨難以擴張,更重要的是,銀行不願承受風險,擔心壞賬升高,因此即使是在負利率的環境下也不願大舉放貸。(星洲日報/財經‧報道:李文龍)


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Re: Spot KLCI Index
« Reply #74 on: March 14, 2016, 05:56:39 PM »



 轉寄  列印 字體設定: 小  中  大
41官股市值占百强半数 国库控股国油份额最多
头条 财经新闻 财经  2016-03-14 07:24

 
(吉隆坡13日讯)虽然政府多次呼吁投资臂膀减持官股,但至今仍是马股的重要砥柱,百强上市公司市值的总和,官联公司占近半,当中又以国库控股(Khazanah)持股的公司最多。
根据《南洋商报》统计,截至上月底,我国市值最高的前100大公司,市值总额达1兆3580亿令吉。
从数量来看,这百强俱乐部中,41家是政府控制的官联公司,但以市值比计算,却占了市值比重高达49.8%,或6759亿9869万令吉。
假如以30只富时隆综指股来比较,虽然只有9家是官联公司,但所占市值却高达58%,或5718亿7010万令吉,显示官联公司在马股的重量级地位。
马银行830亿成市值王
其中,市值最高的官联公司为本地银行巨头马银行(MAYBANK,1155,主板金融股),也是马股的市值王,截至上月29日,市值高达830亿7249万令吉。
而持股36.8%的土著信托基金,持股权也相等305亿6999万令吉。
排名第二的则是几近垄断我国电力领域的国家能源(TENAGA,5347,主板贸易服股),市值达749亿4714万令吉;大股东为国库控股,持股29.7%。
国库控股也是百大市值公司中,持有最多官股的政府臂膀,共持有7家公司,市值占比13.39%。
除了国能,IHH医疗保健(IHH,5225,主板贸服股)、亚通(AXIATA,6888,主板贸服股)、联昌国际(CIMB,1023,主板金融股)、马电讯(TM,4863,主板贸服股)、大马机场(AIRPORT,5014,主板贸服股),以及UEM阳光(UEMS,5148,主板产业股)都是由国库控股控制。
国油持股公司占6席持有第二多官股的则为我国的经济命脉之一,国家石油公司(Petronas)。
国油共控制6家上市公司,多以油气业为主,多数被市场称为“国油系”股项。这包括国油石化(PCHEM,5183,主板工业产品股)、国油气体(PETGAS,6033,主板工业产品股)、国油贸易(PETDAG,5681,主板贸服股)、马国际船务(MISC,3816,主板贸服股)、城中城产托(KLCC,5235SS,主板产业信托股),以及民都鲁港口(BIPORT,5032,主板贸服股)。
独家报道:谢静雯

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Re: Spot KLCI Index
« Reply #75 on: March 15, 2016, 08:09:58 AM »



Go for oil & gas stocks, says HLIB Research
Posted on 15 March 2016 - 05:39am
Print
PETALING JAYA: Hong Leong Investment Bank (HLIB) Research had advised investors to go for oil and gas (O&G) companies with high price volatility and earnings sensitivity to crude oil prices if the Brent oil price rally continues to gain strength.

According to the research house, SapuraKencana Petroleum (Bhd) has the highest earnings and share price sensitivity to crude oil price movements, making it the best proxy for trading on crude oil price rally.

Similarly, it noted that rig players like UMW Oil & Gas Corp Bhd (UMWOG) and Perisai Petroleum Teknologi Bhd are also good trading stock on oil price movement with a higher than average share price correlation.

Analyst Jason Tan Yat Teng said that typically, the impact of upstream service companies’ earnings would only be felt six to 12 months after big movement in the oil price due to time lead for project re-basing.

However, he realised that the overall stock price movement is highly correlated to the oil price, implying that stock prices always move ahead of corporate earnings in response to oil prices.

“SapuraKencana stands out as the best trading stock with the highest correlation among stocks covered and appears to be the best trading option to ride on the potential oil market recovery.

On the other hand, rig players (UMWOG and Perisai) also possess high correlation after Sapurakencana.

“Under the current volatile environment, we believe a more trading-oriented approach with focus on potential oil price movements should be favoured over long-term holding approach while emphasising on stocks with high correlation to the crude oil price,” Tan said.

HLIB Research maintained its neutral call on the sector while its top pick includes mid-to- small cap companies such KNM Group Bhd.

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Re: Spot KLCI Index
« Reply #76 on: March 15, 2016, 08:57:01 AM »


 轉寄  列印 字體設定: 小  中  大
41官股市值占百强半数 国库控股国油份额最多
头条 财经新闻 财经  2016-03-14 07:24

 
(吉隆坡13日讯)虽然政府多次呼吁投资臂膀减持官股,但至今仍是马股的重要砥柱,百强上市公司市值的总和,官联公司占近半,当中又以国库控股(Khazanah)持股的公司最多。
根据《南洋商报》统计,截至上月底,我国市值最高的前100大公司,市值总额达1兆3580亿令吉。
从数量来看,这百强俱乐部中,41家是政府控制的官联公司,但以市值比计算,却占了市值比重高达49.8%,或6759亿9869万令吉。
假如以30只富时隆综指股来比较,虽然只有9家是官联公司,但所占市值却高达58%,或5718亿7010万令吉,显示官联公司在马股的重量级地位。
马银行830亿成市值王
其中,市值最高的官联公司为本地银行巨头马银行(MAYBANK,1155,主板金融股),也是马股的市值王,截至上月29日,市值高达830亿7249万令吉。
而持股36.8%的土著信托基金,持股权也相等305亿6999万令吉。
排名第二的则是几近垄断我国电力领域的国家能源(TENAGA,5347,主板贸易服股),市值达749亿4714万令吉;大股东为国库控股,持股29.7%。
国库控股也是百大市值公司中,持有最多官股的政府臂膀,共持有7家公司,市值占比13.39%。
除了国能,IHH医疗保健(IHH,5225,主板贸服股)、亚通(AXIATA,6888,主板贸服股)、联昌国际(CIMB,1023,主板金融股)、马电讯(TM,4863,主板贸服股)、大马机场(AIRPORT,5014,主板贸服股),以及UEM阳光(UEMS,5148,主板产业股)都是由国库控股控制。
国油持股公司占6席持有第二多官股的则为我国的经济命脉之一,国家石油公司(Petronas)。
国油共控制6家上市公司,多以油气业为主,多数被市场称为“国油系”股项。这包括国油石化(PCHEM,5183,主板工业产品股)、国油气体(PETGAS,6033,主板工业产品股)、国油贸易(PETDAG,5681,主板贸服股)、马国际船务(MISC,3816,主板贸服股)、城中城产托(KLCC,5235SS,主板产业信托股),以及民都鲁港口(BIPORT,5032,主板贸服股)。
独家报道:谢静雯


大众银行717亿成私人界龙头 华商掌34股‧市值逾三成
财经新闻 财经  2016-03-14 10:44

 

郑鸿标在大众银行持股22.3%。
1 of 2
(吉隆坡13日讯)华裔在国家经济也贡献良多,在百大市值上市公司中,由华商控制的公司占34席,市值比重约31.5%。
在富时隆综指股30只成分股中,则有14家公司的大股东为华裔,市值占比26.6%。
有“百万富翁制造机”之称的大众银行(PBBANK,1295,主板金融股)创办人丹斯里郑鸿标,多年来在马股屹立不倒,市值是私人界最高,达717亿4191万令吉。
郑鸿标在大众银行持股22.3%,总值222亿2615万令吉。
林国泰郭令灿3公司入榜
值得一提的是,国内两大家喻户晓的富豪丹斯里林国泰,以及丹斯里郭令灿,分别有3家公司在百大榜中,足以可见两人的事业版图深获投资者的信任,在马股中占有重要之地。
林国泰的代表公司为云顶(GENTING,3182,主板贸服股)、云顶马来西亚(GENM,4715,主板贸服股),以及云顶种植(GENP,2291,主板种植股)。
郭令灿则是丰隆银行(HLBANK,5819,主板金融股)、丰隆金融集团(HLFG,5274,主板金融股)和丰隆资本(HLCAP,5274,主板金融股)。
沙肯石油土著之最
土著公司方面,市值排名最高,意外的不是著名“马来首富”丹斯里赛莫达的企业王国,而是丹斯里沙里尔控制的沙肯石油(SKPETRO,5218,主板贸服股)。
沙肯石油市值达11亿8509万令吉,在百强市值股榜中排名第33;沙里尔持有17.1%股权,相等于19亿4754万令吉。
不过,赛莫达向来都是靠多元业务拱起身家,在百大市值中,有两家公司的最大股东出现他的名字,那就是马矿业(MMCCORP,2194,主板贸服股)和马拉卡(MALAKOF,5264,主板贸服股)。
其他族裔公司方面,市值最高的是阿南达克里斯南的明讯(MAXIS,6012,主板贸服股),以459亿6151万令吉的市值,排名第九。他也有3家公司上榜,包括布米阿马达(ARMADA,5210,主板贸服股)和Astro(ASTRO,6399,主板贸服股)。
在百大公司中,土著公司共有7家,其他族裔则有4家,市值比重分别为3.1%和5.7%。
由外资持有的公司则有14家,市值最高的是排名第11的数码网络(DIGI,6947,主板基建股),最大股东是Telenor亚洲,持股49%。
金融股重要支柱
拥有雄厚财务实力的金融股,是马股的重要支柱,百强市值榜中共有14家是金融股,且总市值占比就高达21.92%。
在14家金融股中,市值最高非马银行莫属。
由政府臂膀控制的官股有6只,包括土著信托基金持股的马银行、国库控股持有29.7%的联昌国际、朝圣基金局的BIMB控股(BIMB,5258,主板金融股)以及大马回教保险(TAKAFUL,6139,主板金融股),持股权分别为52%和60.3%。
另还有武装部队基金(LTAT)持股的艾芬控股(AFFIN,5185,主板金融股),以及雇员公积金局(EPF)持股42.1%的兴业资本(RHBCAP,1066,主板金融股)

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Re: Spot KLCI Index
« Reply #77 on: March 15, 2016, 02:14:15 PM »



Live: Asian stocks fall as BOJ warns on outlook
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Re: Spot KLCI Index
« Reply #78 on: March 15, 2016, 06:09:44 PM »



财经
令吉低估 美股觸頂 墨比爾斯:外資將重新流入
  2016年3月15日
墨比爾斯考量到令吉嚴重被低估,認為我國是個具吸引力的市場。
墨比爾斯考量到令吉嚴重被低估,認為我國是個具吸引力的市場。
 (吉隆坡15日訊)令吉嚴重被低估、原產品價格跌勢即將觸底,加上美國股市已觸頂,“新興市場教父”墨比爾斯(Mark Mobius)認為,新興市場正處在“轉折點”,相信外資將重新流入。

 也是坦伯頓新興市場集團(Templeton Emerging Markets Group)總裁墨比爾斯指出,美國股市觸頂對亞洲市場表現有利,相信新興市場(包括我國)是具吸引力的市場。



 “令吉兌美元自2015年1月份已大幅貶值超過15%,嚴重被低估,加上原產品價格即將觸底,讓大馬資產顯得格外吸引。”

 墨比爾斯說,儘管大馬外匯儲備減少,但目前仍處在良好水平,公共債務也處在可管理水平,大馬國內生產總值也取得可觀的成長,經濟前景有看頭。

外儲處良好水平

 他今日出席由證券業發展機構(SIDC)舉辦的2016年全球新興市場研討會(GEMP)時,如是指出;列席者包括證監會主席拿督蘭吉阿吉、世界銀行東南亞區總監烏爾立,以及國庫控股執行董事拿督查隆瓦迪尼。

 墨比爾斯認為,基金經理早前減持新興市場證券,目前則處于一個轉折點,新興市場相關證券的價格將迅速暴漲。

 他坦言,中國經濟成長放緩,但在服務業為經濟成長動力之際,讓該股仍成為龐大的經濟體。

 2016年全球新興市場研討會,讓資本市場監管單位和市場人士,針對市場監管,條例及執法原則,以及新興市場展望等課題,分享意見的平台。

陳鼎武:挑戰重重看淡馬股

基于全球經濟和國內政治局勢,資本投資(ICAP,5108,主要板指數基金)董事經理陳鼎武看淡我國股市,在挑戰重重的環境下,料令吉兌美元或在未來1至2年,處在介于4.1至4.4之間的水平。

 他指出,令吉兌美元可能在未來1至2年,處在介于4.1至4.4之間的水平。至于何時能重返3的水平,則取決于全球經濟和國內政治局勢。

 根據“彭博社”的數據,截至週二(15日中午12時7分,令吉兌美元貶值0.4%至4.1207,年初至今升值4.2%。

 陳鼎武說,儘管原產品價格出現企穩的跡象,對國庫收入有利。不過,外圍方面仍挑戰重重,如市場普遍相信,美聯儲將進一步緊縮貨幣政策,料我國證券市場今年的表現,將比去年差勁。

 針對令吉走勢,他認為,很大程度上仍取決于多個因素,包括聯邦市場公開委員會(FOMC)。

 “市場目前的焦點在于,今日進行的聯邦市場公開委員會會議,相信週三(16日)將對外公開會議紀錄,屆時將給予市場更清晰的方向。”

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Re: Spot KLCI Index
« Reply #79 on: March 16, 2016, 08:47:40 AM »



财经  2016年03月15日
陈鼎武:资金市场挑战加剧

(吉隆坡15日讯)由於受到中国经济放缓影响以及股匯市场缺乏利好因素,因此资本投资(ICAP,5108,主板关闭式基金)董事经理陈鼎武认为,2016年资金市场將比2015年更艰难。

虽然市场揣测美国联储局(FED)今年或將打消升息的念头,但陈鼎武並不认同,因为美国已达到所设定的通胀目標,就业率亦优於预期。

「美国4.9%的失业率,显示就业率趋高,薪资將以更快的速度提升,而能源价格也趋向回升,因此,我认为,美联储升息的机率及速度,將比市场预测的更高且更快。」

在美联储升息的情况下,资金將返回美国。同时,美国及大马的利差亦將缩小,造成资金流出大马,因此,包括令吉在內的新兴货幣將持续受压。

「未来1至2年令吉匯率料將介於4.10至4.40令吉兑1美元之间。」

他是在今天出席大马证券监督委员会举办的《2016年全球新兴市场大会》时,接受媒体访问发表谈话。

另一方面,他也认为,大马股市目前的估值过高,而企业的盈利亦见下跌,因此,股市上涨空间有限。「若能保住1700点水平已算不错。」

针对油价,他表示,许多人希望油价持续走高,不过,他认为油价走高利弊互见。好的一面包括政府的收入可以提升,而坏的方面则是美国通胀率或將提升,使货幣紧缩政策更快进行,因此投资者需谨慎看待。

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Re: Spot KLCI Index
« Reply #80 on: March 16, 2016, 02:10:58 PM »



AN INVESTING SHOWDOWN: SINGAPORE EXCHANGE LTD VS. BURSA MALAYSIA BHD
Our Reporter | March 16, 2016
Singapore-Exchange-and-~-ROIC-table
Kuala Lumpur : SGX versus Bursa Malaysia, a website’s view on who comes out tops.

In general, a high-quality (low-quality) business will be able to generate a high (low) ROIC. The simple idea behind the ROIC is that a business with a higher ROIC requires less capital to generate a profit, and it thus gives investors a higher return per dollar that is invested in the business.

This is important information for investors because a company’s stock price performance over the long-term is often tied to the performance of its underlying business.

Let’s look at the ROICs of both Singapore Exchange and Bursa Malaysia using data from their last completed fiscal years.

After crunching the numbers, you can see in the table above that Singapore Exchange’s ROIC is four times that of Bursa Malaysia even on an adjusted-for-software basis. So, based on the ROIC metric alone, We can conclude that Singapore Exchange is a better business.

Moreover, Bursa Malaysia has RM203 million invested in various securities like stocks and bonds, which are not related to its exchange business. If these investments are excluded, the adjusted ROIC for Bursa Malaysia is still ‘only’ 83%, which is inferior to that of Singapore Exchange.

But while Bursa Malaysia appears to have the weaker business, it should be noted that the company may still be seen as possessing excellent business economics given its ROIC is way above the general threshold of 12% to 15% for a ‘good’ business.

A Fool’s take

With the quality of their businesses, it is not hard to see why both Singapore Exchange and Bursa Malaysia have rich valuations. To the point, Singapore Exchange has a price-to-earnings (PE) and price-to-book (PB) ratio of 23 and 9.4, respectively, while the self-same metrics for Bursa Malaysia are 23 and 5.7.

While all that we’ve seen above can be important and insightful, they should be used only as a starting point for further research and shouldn’t be taken to be the final word on the investment merits of the two companies.

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Re: Spot KLCI Index
« Reply #81 on: March 17, 2016, 04:01:11 PM »



 0 0 0 New
Moody’s: M’sia’s long-term economic prospects favourable
March 17, 2016
Moody's expects Malaysia's real GDP growth to average 4.7% over 2015-2016 period.
moody-1

KUALA LUMPUR: Malaysia’s long-term economic prospects remain favourable given its structural strengths and diversified economy despite the revision of its outlook to “stable” from “positive”, said Moody’s Investors Service.
In a note today, Moody’s said the favourable prospects were because of Malaysia’s well-developed infrastructure, substantial natural resources, globally competitive services sector and manufacturing base that would likely benefit from the country’s improving trade linkages.
“The change in outlook reflects the deterioration in Malaysia’s growth and external credit metrics due to external pressures over the past year, such as lower commodity prices,” it said.
Moody’s said the lower commodity prices had reduced government revenue, while undermining the country’s external position, with large capital outflows, a falling current account surplus, sharp exchange rate depreciation and falling reserves.
“Like Oman and Peru, Malaysia benefited from the global commodities boom over the last decade, with palm oil, liquefied natural gas, petroleum and associated products of particular importance.

 
“However, because of its relative diversification, Malaysia’s economy appears to be much more resistant to the commodities’ down cycle when compared with its peers,” it said.
Moody’s said in the two-year period between 2015 and 2016, it expected Malaysia’s real gross development product (GDP) growth to average 4.7%, roughly in line with the average 4.8% rate recorded between 2001 and 2013.
On the oil and gas industry, Malaysia has sought to diversify its sources of growth away from the upstream sector towards downstream activities, including refining and petrochemical processing, both of which somewhat benefited from lower oil prices.
“While Malaysia continues to work towards improving its external linkages, its economy has rebalanced towards domestic demand to drive economic growth.
“This is mirrored in the decline in trade openness, as measured by the sum of both the exports and imports of goods and services as a share of GDP.
“This ratio has fallen gradually, registering 134.4% in 2015 from a recent high of 188.9% in 2005,” it added.
– BERNAM

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Re: Spot KLCI Index
« Reply #82 on: March 18, 2016, 05:56:14 AM »



外資回流推動藍籌股‧小資本股有望聞風起舞
2016-03-17 12:09     

 
(吉隆坡16日訊)儘管小資本股指數(FBMSC)今年表現落後大市,聯昌研究看好一旦藍籌股股價持穩,小資本股也將“聞風起舞”,建議“加碼”,其盈利成長前景超卓亮麗而令人鼓舞。
聯昌指出,自去年第四季外資回流馬股後,令人驚奇的是馬股表現平平,小資本股指數則挫跌4%,相比過去兩年表現超越大市。
維持加碼評級
“儘管小資本股表現欠理想,聯昌仍看好小資本股,並維持加碼評級;今年開始外資回流推動藍籌股走高,預期一旦藍籌股站穩後,便是小資本股翻飛之時。”
今年迄今馬股平平,小資本股指數跌4%;2015年馬股跌4%、小資本股指數漲6%;。
去年藍籌股也因外資撤離表現受影響,小資本股通常由本地基金、散戶與高淨值戶買賣而不受影響。
聯昌首選的小資本股包括M Y E G服務(M Y E G,0138,主板貿服組)、畢達良(PRESBHD,5204,主板貿服組)、VIVOCOM公司(前INSTA網)(VIVOCOM,0069,創業板科技組)、科鼎控股(BIOHLDG,0179,創業板消費品組)和OWG控股(OWG,5260,主板貿服組)。
獲“加碼”評級的小資本股有明試控股(AEMULUS,0181,創業板科技組)、億維雅刨花板(HEVEA,5095,主板工業產品組)、長青纖維板(EVERGRN,5101,主板工業產品組)和成功汽車(成功汽車(BJAUTO,5248,主板貿服組))聯昌投資銀行最近在新加坡主辦小資股大會,獲25機構投資的50名客戶參與,出席的小資公司高層有8家,包括明試、成功汽車、長青纖維板、億維雅刨花板、IFCA多媒體(IFCAMSC,0023,創業板科技組))、G H L系統(G H L S Y S,0021,主板科技組)、康樂(K A R E X,5247,主板消費品組)和VIVOCOM公司;另2家未有評級的RGB國際(RGB,0037,主板貿服組)和OCK集團(OCK,0172,主板貿服組)亦與會。


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Re: Spot KLCI Index
« Reply #83 on: March 19, 2016, 04:10:35 PM »



Saturday, 19 March 2016
Bulls making a comeback
BY TEE LIN SAY







 
 
More in Business

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HUMAN beings have a natural tendency to fear heights – it’s a natural survival instinct which worked well in the wilderness and in the outback, but one which severely plays against us when it comes to the stock market.

Seven years ago, back in early 2009, these were some of the top financial headlines in the US:

> Georgo Soros says US banks ‘basically insolvent’

No one knew it then, but the Dow Jones was about to embark on a seven-year bull run and would gain some 92% over that period. Riding along was the FBM KLCI, which gained 85% over the same period.

For sure the ride has been bumpy and riddled with sharp corrections. But for investors who held on to their stocks, they would have been rewarded with handsome returns.

For any investor invested in the market – volatility will always be there. But as long as they are able to endure the frailty and fluctuations of the market, the long-term rewards historically outweigh the short-term fickleness.

We have heard it many times before – the best time to own stocks is when sentiment is at its worst,

This was especially apparent in early 2009 when the US economy was on the brink of a banking collapse, In those dark days, there were more forecasts of Black Mondays than predictions of light at the end of the tunnel.

Eng: ‘The market has had a good run since January.’
Eng: ‘The market has had a good run since January.’
The stock market, as always, had a mind of its own. Despite the proclaimation of dooms and the fall of many American banks, the Dow was heading almost on a straight upward trajectory by mid-March 2009.

Sir John Templeton said: “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”

That was true seven years ago, 50 years ago, and definitely just as true today.

Logically speaking, what comes down must go up.

Earnings can still be nasty, but doesn’t the market always behave a year forward. At the heart of it all, the market is made up of buyers and sellers. All it takes are a few buyers during a down period to sniff out an opportunity, and suddenly, the market is edging upwards.

It’s the same story with oil prices. Do not expect the coast to be completely clear – for example no more excess inventories, oil demand significantly outpacing supply or the Organisation of the Petroleum Exporting Countries (Opec) deciding to cut production by 50% – before we see oil prices moving up.

By the time these signs are crystal clear, oil prices have made new highs months ago.

In any case, last week the International Energy Agency (IEA) said that oil prices had bottomed out due to US and other output cuts outside the Middle East-dominated Opec.

The US rig count fell for a 12th straight week last week to a total of 386, its lowest since December 2009 as drillers continue to slash capital expenditure.

Zulkifli: ‘These are still early days of a recovery. People are still sceptical ...’
Zulkifli: ‘These are still early days of a recovery. People are still sceptical ...’
The problem now is that after a seven-year run, investors are getting nervous. Investors have mostly been in a flux wondering where the market is heading. Most investors are waiting for the crash to come. They talk about a sluggish economic outlook, falling earnings, recessions in commodity-heavy nations, slowing growth in China, negative interest rates, the end of quantitative easing in the US, the UK (potential Brexit) and flatter yield curves.

Has the market stalled and lost some of its stamina? With the expectation only of mediocre growth and low yields, is it time to sell stocks?

Behind the scenes, some under-appreciated indicators are starting to show some light.

First of all, the ringgit has been strengthening – a reflection of foreign money coming back to Malaysia. It strengthened 0.6% this week to RM4.09 against the greenback.

Last week, foreigners bought listed equities amounting to RM1.04bil on Bursa Malaysia, higher than the RM972.2mil acquired in the preceding week. To date, there are some 12 consecutive weeks of total net inflows and brings cumulative year-to-date foreign purchases to RM1.6bil.

For the entire 2015, there was a net outflow of RM19.5bil.

Meanwhile the FBM KLCI closed at 1,703.19 on Thursday, which is also its six-month month high. The seven-month high is 1,744.19 recorded on Aug 3, 2015.

From a charting perspective, a recovery in the FBM KLCI appears to be playing out.

“We reiterate our view that KLCI must close above 1700 levels convincingly to sustain the ongoing rally from 1600, with key upside target at 1710 (March 7 high), 1727 (Oct 19 high) and 1740 (200-day simple moving average) levels. Failure to close above 1700 will see the index continue its short-term congested range-bound consolidation within the 1660-1700 territory,” says Hong Leong analyst Nick Foo.

Etiqa Insurance & Takaful head of research Chris Eng, on the other hand, feels that the market is toppish for now.

“The market has had a good run since January. It may have a few more legs to run, but come April, it will be earnings results in the US, and in May, it will be earnings result in Malaysia. We aren’t expecting very positive earnings coming out, so market may start falling again by April,” says Eng.



From a trading perspective, he would ask clients to sell into strength.

On a fundamental perspective, however, he isn’t expecting a recession, well at least not this year. He would still advice investors to stay invested in equities.

“We are expecting some weakness in the market come middle of the year. That would be a better time to buy. We would identify that weakness and look for opportunities then,” says Eng.

MIDF Research has been recommending its clients to start buying since the start of the fourth quarter last year.

“These are still early days of a recovery. People are still sceptical, especially retail investors. But we have been tracking the money flows, and foreigners have been net buyers every single day of the 14 trading days so far this month, which is a phenomenon not seen in more than two years” said Zulkifli Hamzah, head of MIDF Research.

According to Zulkifli, the Malaysian equity market is benefiting from a tide of global liquidity flowing into Asia. Some of the money is actually global funds in China, being reallocated to other Asian markets as the outlook in Asia’s biggest economy is challenging.

“In the bond market, Malaysia started to look attractive to the foreigners as early as September last year. The low global interest rate environment, with negative rates in some countries, has made local yields very attractive indeed. That is reinforced by the depressed Ringgit,” said Zulkifli.

“Overall, we are positive on the market. Sceptism of the market has been partly due to the relatively restrained climb in the index. But this has been due to selling by local funds, which are understandably taking the opportunity of the market’s upward march to realize their profits. We also do not expect to see such a steep incline in the indices because of rotational forces at work,”

“Global investors are not going to come in and buy blindly across the board although the Ringgit is seen as undervalued. They will be selective and buy only those stocks that they see value. We believe the current uptrend has legs. However, there are potential potholes which may cause temporary retracement, at which point it would be opportune to enter the market,” said Zulkifli.

He added that the changing of guard in Bank Negara and the Sarawak state election would be closely watched by foreigners.

No rate hike is good for Malaysia

On Wednesday, Federal Reserve officials lowered their view of the economy and said they likely won’t raise interest rates as swiftly as they had previously anticipated as there are lingering risks posed by soft global growth and financial-market volatility.

Policy makers left short-term interest rates steady and said they would raise their benchmark rate just twice this year, after an initial increase in December 2015, down from the four they previously predicted

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Re: Spot KLCI Index
« Reply #84 on: March 21, 2016, 08:26:28 AM »



财经  2016年03月20日
马股牛气逼近

1
马股牛气逼近

美联储(FED)在上周三的议息会议后,宣布不加息,並表示会放缓升息脚步,刺激大马股匯双双走强。接受《东方財经》询问的市场人士一致认为,马股已经有公牛回归的跡象,来周估计能延续升势。

富时大马综合指数在上周终於成功站上1700点心理水平,可视为市场信心恢復的讯息。综指週五收在1716.34点,按周急升1.17%或19.80点。

全週成交量从前週的96亿1662万股,减少13.99%,至82亿7089万股;但成交值却从99亿8856万令吉,提高3.14%,至103亿零210万令吉。成交值与成交量背道而驰,也凸显本週交易以蓝筹股或大型股为主。

英特太平洋证券研究主管冯廷秀表示,3月初的外资流入速度,已经回到了2011年以来的高水平,显然对我国股匯的看法明显改善。他相信,在上周美联储给出鸽派的货幣政策讯息后,外资回流马股的速度还会进一步提高。

「我们在3月份发现,本地机构投资者不断套利,限制了上涨幅度。一旦他们停止减持股票,马股的投资情绪会更为利好。」

他补充,国家银行(BNM)在2月份下调法定储备金率(SRR),对资本市场释出稍微宽鬆的態度,综指接下来还会逐步走高。

资深抽佣经纪陈玉麟也表示,综指在短期內料持稳向上,国內外的政治因素,料不会对综指有太大影响。

「除了美国股市,令吉匯率走强及油价反弹都將给予综指一些推动力。近几周小型股交投活跃,且大市成交量有上升趋势,都是股市回温的徵兆。」

无论如何,他相信,马股要涨至1800点並不容易,需视消费税(GST)实施1年后对整体经济和企业盈利的影响。

技术面倾向利好

除了基本面因素加持,马股的技术面也倾向利好。兴业投行技术分析员廖志豪认为,马股目前已走稳在200天移动平均线(200MA)的1672点以上,本周料可延续升势。

「只要马股能一直维持在200MA之上,近期內都会是看涨的趋势。美联储暂缓升息的举措,也进一步提振投资情绪。」

而强弱势指標(RSI)还未形成空头背离(BearishDivergence)的型態,仍属健康指標。马股牛气逼近廖志豪將综指的阻力水平,设在1727点和1745点,下方扶持在1700点和1672点(200MA)。

冯廷秀则把阻力设在1715点和1728点,扶持在1696点和1690点;陈玉麟认为阻力在1730点,扶持在1710点和1700点投资建议方面,冯廷秀建议投资者可吸纳被低估的银行股和產业股。而由於原棕油价格近期料会延续涨势,廖志豪建议投资者留意种植股。

除了银行股和种植股,陈玉麟认为投机者可选择近期被超卖的中小型股项。

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Re: Spot KLCI Index
« Reply #85 on: March 22, 2016, 07:35:15 AM »



分析员: 英美烟草属个案 马投资环境仍有优势
财经新闻 财经  2016-03-21 09:00

 

潘力克(左)、张国林。

(八打灵再也20日讯)英美烟草宣布重组大马业务引起外资逐渐抽离本地市场的忧虑,惟经济分析员认为英美烟草事件只是特殊个案,不能反映外资在大马的投资趋势。
经济学家兼鑫资金投资有限公司董事经理张国林说,英美烟草决定结束本地制造业务,走私香烟侵袭本地香烟市场导致合法香烟销售狂跌是原因之一,这趋势未能反映大马投资环境全貌。
张国林向《南洋商报》说,大马投资环境仍有优势,最近听闻摩托罗拉公司(Motorola)有意把设在美国的工厂迁移来马,因为大马工资比美国低;一些中国企业对大马设厂的意愿也甚浓。
“我们需乐观及正面看待大马投资环境,英美烟草事件只是特殊个案,不能一概而论。”
制造业局势严峻
张国林不讳言本地制造业确实遭受国内外因素影响而出现严峻局势,其中邻国竞争力迎头赶上,对我国制造业形成挑战。
他指比起邻国,大马投资环境有先天优势,如拥有良好运输系统及多元文化及语言特点,惟再过5至10年,这些优势可能不再起眼。
“大马在80及90年代积极对外开放,当时中国发展还没起步,许多欧美、日本等国家纷纷来马投资,我国因起步早而占优势。
“但如今区域国家发展迅速,印尼就积极吸引外来直接投资,缅甸、柬埔寨、印度等国家在招商方面不遑多让,大马竞争力攀升速度却相对缓慢,这问题需受关注。”
至于制造业内在挑战,张国林认为人力资源及生产效率很重要,业者的专业知识、教育及政府援助也是关键,包括政府能否降低公司所得税,协助提高商家竞争力。
烟税5年飙升110% 关厂重组无可避免
过去5年大马香烟税飙升了110%,加上走私香烟在香烟市场占据超过40%份额,合法香烟销售量受重创,导致英美烟草在充满挑战的经商环境下,选择重组大马业务及关闭国内工厂。
英美烟草是通过子公司Tobacco Importers and Manufacturers私人有限公司,在位于八打灵再也的工厂制造香烟产品及半成品。随着该公司展开重组活动,他们会中止在大马生产香烟,转向区域姐妹公司进口香烟产品。
《新海峡时报》指大马英美烟草发文告说,他们是在谨慎思考后才决定关闭大马工厂,这决定无可避免。
“在新加坡、印尼及韩国的英美烟草区域制造中心已鉴定了所有相关香烟品牌。这三间制造中心的香烟产量比大马多,生产成本也低于大马工厂相关成本。
“合法香烟销售明显下跌,走私香烟已占据市场总额超过40%...高企的国产税政策导致走私香烟兴起,今年继续是合法香烟领域极具挑战的一年。”
该公司强调,虽然他们关闭了大马工厂,但不会影响国内香烟供应,英美烟草已有全面规划,确保需求获得满足。
大马英美烟草董事经理史提法诺科利尼说,该公司重组大马业务的决定无疑会带来影响,但他们仍注重员工福祉,包括为员工提供过渡方案。
过度依赖外劳左右外资来马———经济学家潘力克
经济学家潘力克视英美烟草关闭大马工厂一事为特殊个案,惟大马投资环境仍有隐忧,若我国一味过度依赖外劳及无法提升附加价值,这无疑是让外资对大马止步的“计时炸弹”。
潘力克向《南洋商报》说,不同行业面对的挑战各异,英美烟草可能考量了国内生产规模、经济效果及劳力成本后,选择关闭在大马的工厂;再者该公司只是缩小大马业务,并非完全撤离我国。
他说,大马过度依赖外劳才是左右外资的基本问题:“若我们没有提高生产力及附加价值,只依赖外劳,外资大可选择到劳力成本更低的国家,何必选大马?”他指自从发生亚洲经济风暴,大马空谈转型但执行面不足。随着其他国家陆续开放,我国原有优势已逐渐不起眼,大马若要与他国竞争,能否从过度依赖外劳的局面中抽离则是关键。
报道: 蔡晓薇

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Re: Spot KLCI Index
« Reply #86 on: March 22, 2016, 10:54:42 AM »
MARKET VERY HOT!!!! :clap: :D
malimalimaliongongongnotongchefbutishua thuatong

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Re: Spot KLCI Index
« Reply #87 on: March 22, 2016, 02:11:32 PM »



EWM KEY TO BUY STOCKS IN MALAYSIA
Our Reporter | March 22, 2016
saupload_03-18-2016-Malaysia-EWM-Daily_thumb1
Kuala Lumpur : Today, we’re taking a look at Malaysia using an ETF that seeks to track the investment results of an index composed of Malaysia equities.
With exposure to approximately 85% of the Malaysian stock market, the ETF we’re using is the iShares MSCI Malaysia ETF (EWM).

We quickly notice that Malaysian equities have been in a downtrend since mid-2014. The 42% depreciation was fast and fierce until Summer 2015, where price met demand at the 6.75 level.

This level has historical significance dating back to 2010. Looks like buyers/sellers have a good memory. Since finding buyers near 6.75, Malaysian stocks have continued to attract more buyers, driving price into a new potential uptrend.

This recent breakout (annotated on chart) is significant and one we can use to our advantage. Nothing is guaranteed, but this setup has potential. Looking at the daily chart, we can see that EWM has been outperforming the S&P 500 .

We can also see well-defined risk and potential reward. It is skewed in our favor.8.40 is an important support level based on the principal of polarity (former supply becomes demand).
Below 8.40 and we don’t need to own EWM. Above 8.40 and we like the reward potential.
Malaysian stocks are worth owning until price tells us otherwise

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Re: Spot KLCI Index
« Reply #88 on: March 22, 2016, 03:38:22 PM »



BURSA MALAYSIA FLOATS AT FIVE MONTH HIGH
Our Reporter | March 22, 2016
download (2)
Kuala Lumpur : The stock market has started to react to the new Ringgit regime that starts at RM3.99 against the US Dollar.
Tenaga Nasional, the national utility that will gain the most when consumers have extra ringgits in their pockets,is up 38 sen to RM13.80 a share.
The KLCI now trades at 1718.900 points, which is the strongest the index has been this year and also the strongest in five years

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Re: Spot KLCI Index
« Reply #89 on: March 24, 2016, 02:55:48 PM »



ASIAN STOCKS DROP AS CRUDE OIL BELOW $40 AMID RESURGENT DOLLAR
Our Reporter | March 24, 2016
750x-1
From : Emma O’Brien

Asian stocks dropped to a one-week low and crude oil extended its slide below $40 a barrel as prospects for a U.S. interest-rate increase spurred a rebound in the dollar.
Raw-materials producers led declines among equities after the Bloomberg Commodity Index tumbled by the most in two months on Wednesday. Crude slipped for a second day after data showed a bigger-than-expected increase in U.S. stockpiles. The dollar gained ground against all of its Group of 10 peers, while the currencies of Malaysia and Indonesia led losses in emerging markets. Australia’s government bonds rose after gains in U.S. Treasuries.

After last week halving its projection for interest-rate rises this year to two — a shift that spurred global stock gains and depressed the dollar — the Federal Reserve remains in the spotlight as its own officials talk up the possibility of an increase. Fed Bank of St. Louis President James Bullard on Wednesday joined a chorus of policy makers floating the possibility of a rate hike as soon as April, helping fuel a rebound in the greenback that’s unsettling the mostly dollar-denominated commodity market.

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Re: Spot KLCI Index
« Reply #90 on: March 24, 2016, 04:38:01 PM »



《富爸爸,窮爸爸》作者:今年有大股災 快抱緊黃金
回應(0) 人氣(2858) 收藏(0) 2016/03/24 12:51
MoneyDJ新聞 2016-03-24 12:51:26 記者 郭妍希 報導
知名財經暢銷書《富爸爸,窮爸爸》作者羅伯特清崎(Robert Kiyosaki,見圖)14年前曾經預估,股市將在2016年出現史上最嚴重的大崩盤,直接摧毀才剛要退休享受人生的戰後嬰兒潮。現在,他依舊堅持2002年的看法,認為美股2016年將崩盤,投資人只能抱緊黃金或白銀,並祈禱聯準會(Fed)能盡力緩下跌勢。
清崎23日在接受MarketWatch專訪時表示,2016年第一波戰後嬰兒潮正好到了開始領取退休金的法定年齡;戰後嬰兒潮老化會對股市造成賣壓,但更大的問題卻是,現在幾乎找不到能固定創造利息或現金流的投資標的。
除了人口因素外,清崎認為中國的泡沫已延續二十多年,錯誤地膨脹美國經濟,一旦中國停止進口,全球也跟著完蛋,而第一波受害的國家會是澳洲、加拿大與非洲各國這些原物料生產者,接下來全球都會被拖下水。他警告,大陸銀行業在下次崩盤將首當其衝。

清崎並表示,下一次崩盤對經濟的衝擊將是21世紀之最,人口結構和全球經濟逆風,讓美股難以避開崩盤命運,但Fed若推出QE4,則有望讓股市再度飆升。不過,一旦央行停止印鈔,美股又會崩落,只有開始印鈔、美股才會走強,直到最後實在撐不住了就會全面崩潰。
值得注意的是,清崎主要是靠房地產和著作權累積出龐大財富,並不是靠股票市場。他創辦的授權公司Rich Global LLC不但聲請破產,還遭經紀人控告。根據Forbes統計,清崎2012年的個人財富淨值高達8,000萬美元。
商品投資大師吉姆羅傑斯(Jim Rogers)1月也作出類似警告,他說過去七八年來全世界累積了數量驚人的債務,2016年大家將為過去的錯誤政策付出代價,目前最好的做法就是在場邊觀望。
印度經濟時報(ET Now)、俄羅斯英語國際新聞頻道《今日俄羅斯》(RT.com)1月8日報導,羅傑斯在接受這兩家媒體專訪時表示,美國股市已有7年的時間未曾出現過任何重大回檔,另外還累積了極為龐大的債務、印製了大量鈔票,總有一天要為此付出代價。全球金融市場在2016年開市就重挫,這在根本上並非中國的問題,要怪就怪美國聯準會(Fed)。
羅傑斯認為,中國也許會是新興國家中第一個陷入恐慌漩渦的地方,而類似的情緒勢必會蔓延到其他新興市場、到時或許能藉此打出底部。他希望中國能直接放手讓市場崩盤,這對所有人都有利


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Re: Spot KLCI Index
« Reply #91 on: March 25, 2016, 11:53:07 AM »



财经  2016年03月24日 | 记者:雷洁敏
马股涨势暂未稳定 低买高卖勿追高

马股涨势暂未稳定 低买高卖勿追高
马股近期情绪好转,外资回流,部份是因为美联储局预期將暂缓升息所致。

(吉隆坡24日讯)迈入3月,马股走势节节上涨,並企稳在1700点上方,然而,市场人士认为,马股的涨势暂未稳定,因此,投资者勿急于衝进场,应该继续採用逢高套利,逢低买进的策略。

过去两週在外资持续买入的带动下,综合指数从2月杪的1654.75点,节节飆高,3月17日成功突破1700点的阻力,为市场带来欢愉的气氛。

虽然指数本週出现更多的套利活动,但指数在周初的2个交易日仍继续上扬,並都是在临尾10分钟衝高,以最高水平收市,显然被人为托高。

马股近期情绪好转,外资回流,部份是因为美联储局预期將暂缓升息所致,资金回流新兴市场,除了大马,区域多个市场也出现上扬的趋势。

根据大马交易所的资料,外资今日再次成为马股的净买家,净买入价值2亿1320万令吉的股票,散户今日也净买入859万令吉的股票,国內机构投资基金成为週四唯一净卖家,卖出2亿2179万令吉的股票。

此外,原油价格回升突破每桶40美元、加上令吉走强,都是带动市场情绪的利好因素。

油价近期走势良好,从低点反弹,並来到每桶40美元左右水平,惟週四则疲软至40美元下方。

另外,令吉也在油价反弹,及资金流入的利好因素下走强至4令吉对1美元下方,近期一度去到3.97令吉兑1美元,今日傍晚5点在4.02兑1美元水平。

大马富时综合指数自本月17日以1703.19点闭市后,一度在22日触及1724.75点闭市的新高水平,涨幅高达21.56点或1.27%。

但在本週四(24日),油价下滑,以及联储局升息预期升高,导致区域股匯齐软,综指则开高走低,儘管临尾依然受支撑,不让跌幅扩大,但全天仍下滑9.02点,收报1715.53点。

区域而言,今日跌幅较显著的有上海股市,香港恆生指数及新加坡海峡指数,跌幅均超过1%。

市场人士普遍认为,「逢高套利,逢低进场」才是合適的投资策略,而非持续追高。

料技术性回调

其中,肯纳格研究主管陈建尧受《东方財经》电访时表示,外资持续买入,是股市近期上扬的其中一个因素。而以技术面来看,不排除马股持续上涨到一个阻力点后,將呈超买並出现技术性回调。

与此同时,资深抽佣经纪卢文豪表示,马股將持续波动,儘管目前呈上升格局,但上升幅度仍在可控制的范围內,並没有急速飆升。他將马股突破1700点后的阻力,设在1730点。

投资建议方面,卢文豪指出,市场上许多股项之前的走势与马股不同,在过去2至3年已大幅下滑,目前经过调整后,这些个別股项的估值和股价皆有復甦的希望,值得考虑买进。

「这些股项与马股走势相反,在连续几年大跌后,已开始回调,股价下跌的空间有限,也浮现了投资价值。」

他举例,如钢跌业、棕油业和油气股项;目前的原棕油价格有復甦跡象,但仍需要进一步观察。儘管整体油气领域前景不明朗,但受原油价格回升带动或不受外在因素影响的个別油气股项,是可以考虑的。

相反,陈建尧则不建议投资者在这个时候进场,他认为,投资者可在股市的回调趋势中,才趁低买进。他认为,倘若马股回跌至1680点以下,才是趁低吸纳的时机

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Re: Spot KLCI Index
« Reply #92 on: March 27, 2016, 06:43:37 PM »



财经  2016年03月27日 | 记者:赖尧章
橱窗粉饰效应 马股或回弹

橱窗粉饰效应 马股或回弹

由于国际油价再次跌穿每桶40美元,影响了全球市场情绪,大马股市上周惊险守住1700点关口!马股在3月及第1季的最后一周有望迎来「橱窗粉饰」效应,可止跌回弹。

按周比较,富时综合指数从前周的1716.34点,下跌12.55点或0.73%,至1703.79点。全周成交量从82亿7089万股增加14.61%,至94亿7939万股;成交值从103亿零210万令吉略起0.99%,至104亿零404万令吉。

上周,虽然令吉匯率一度上升至1美元兑3.970令吉,但国际油价失守每桶40美元,以及比利时恐袭事件,促使投资者撤资避险。马股亦因此连续3天走跌(23日至25日)。

无论如何,Etiqa保险投资管理部研究主管吴保云受询时表示,马股本周有望回弹,但特定大蓝筹可能承受卖压,比如沙布拉肯查纳石油(SKPETRO,5218,主板贸服股)和IOI集团(IOICORP,1961,主板种植股)。

沙布拉肯查纳石油上周五(25日)交出由盈转亏的季度业绩,而IOI集团则被传其棕油圆桌认证(RSPO)被吊销。

有望走高

然而,吴保云认为,本周是3月及第1季的最后一周,马股或许会出现「橱窗粉饰」效应,如果全球市场没有再传出重大不利消息,富时综合指数有望走高。

不过,抽佣经纪何业万认为,马股的上行空间料有限,皆因本月至今出炉的企业业绩,整体表现不太理想。更何况,全球股市目前处于下跌格局。

另外,吴保云提醒,美国企业在4月料公佈疲弱的季度业绩,可能再次衝击投资者的情绪。

技术面而言,兴业投行技术分析员廖志豪表示,马股本周上升的机会较高。毕竟综合指数企于200天移动平均线以上水平。

他补充,马股最近一次站在200天移动平均线以上是在今年1月。虽然投资者在上周的最后2个交易日卖股套利,但相信马股只是短暂性回调。

在未来一周,吴保云將阻力水平设在1727点,扶持水平为1700点;何业万订下的阻力水平是1720至1750点,扶持水平是1600至1620点;而廖志豪认为阻力水平是1727点,扶持水平则是1695点和1671点。

投资策略方面,吴保云建议投资者逢高套利,何业万认为可以关注近期回勇的种植股。

至于廖志豪呼吁投资者选择基本面强的股项

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Re: Spot KLCI Index
« Reply #93 on: March 30, 2016, 02:56:10 PM »



World’s longest bull market endures turmoil as foreigners return
By Bloomberg / Bloomberg   | March 30, 2016 : 2:00 PM MYT   
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KUALA LUMPUR (March 30): Malaysia’s energy exports are tumbling, its prime minister is battling corruption allegations and corporate profits are weakening. With all that, the Southeast Asian nation is also home to the world’s most resilient bull market for stocks.

Overseas funds are piling in at the fastest pace in Southeast Asia. Kuala Lumpur’s benchmark equity gauge has more than doubled from its 2008 lows without succumbing to a 20% drop. Tan Ming Han says he knows its secret: the lowest volatility among the region’s markets. It’s an environment where a growing army of investors are willing to miss out on the highest highs if that means they also avoid the biggest crashes.

“Sometimes, too much excitement can cause a panic attack — especially with volatile markets,” said Tan, senior investment manager at Amundi Malaysia. “Boring is sometimes beautiful.”

Sentiment remains stubbornly buoyant in Malaysia, home to some of the region’s highest dividends, as the country’s US$166 billion pension fund underpins demand for equities with share purchases. Even after the FTSE Bursa Malaysia KLCI Index climbed 12% from a three-year low in August, it trades near the cheapest relative to global equities in almost a decade.

All that is boosting the appeal of the market for offshore investors, said Tan, who manages the KAF Vision Fund that has beaten 95% of peers over the past three years with a 21% return.

Foreign funds have poured about 4.4 billion ringgit (US$1.1 billion) into Malaysian equities in 2016, topping South Korea and Southeast Asian markets, according to MIDF Amanah Investment Bank Bhd, citing stock-exchange data. Inflows for this month are at the highest level since April 2013, according to the report. The move comes after last year’s biggest outflow since the 2008 global financial crisis.

Money is returning amid a backdrop of rebounding equities across Southeast Asia, as accelerating economic growth and calmer currencies attract investors seeking refuge from the volatility rocking markets in China and Japan this year. Philippine shares entered a bull market this month. Indonesia’s benchmark index is up 16% from last year’s lows, while Thailand equities have jumped 14% from a January low.

“In terms of price to book, Malaysia definitely looks attractive, especially relative to its peers,” said Singapore-based RHB Asset Management Chief Investment Officer Lee Kai Yang, who helps oversee S$2 billion (US$1.5 billion) of assets including the RHB Asean Fund, which has returned 5.5% annually in the past five years. “We have positioned ourselves in line with the structural story of Asean.”

The Malaysian gauge’s 100-day historical volatility is at a seven-month low at 11, versus 15 for the MSCI All Country World Index and 17 for the MSCI South East Asia Index, data compiled by Bloomberg show.

Global market turbulence last year almost ended Malaysia’s bull run as prospects for higher U.S. interest rates sent equities plunging. The benchmark Malaysian index fell as much as 18%, while a gauge of Southeast Asian stocks dropped more than 28%. The MSCI All-Country World Index entered a bear market in February. While the Standard & Poor’s 500 Index is still in a bull market, that run started in March 2009, four months after Malaysia’s.

“Malaysia’s bull-market run is primarily driven by institutional support, especially government-linked funds,” said Tan. From 2008 till now, the Employees Provident Fund has seen strong inflows, with assets growing by a compounded annual growth rate of almost 10%, he said.

In February, domestic institutional funds accounted for almost half of the total market value of Malaysian stocks traded, compared with 29% for foreign funds, according to data compiled by the stock exchange.

The investments are coming despite a political crisis. Prime Minister Najib Razak has weathered months of attacks over the US$681 million that appeared in his private bank accounts before the 2013 general election. Troubled government investment company 1Malaysia Development Bhd., whose advisory board Najib chairs, is being investigated at home and overseas for alleged financial irregularities and money laundering.

Attorney General Mohamed Apandi Ali concluded in January there was no evidence of wrongdoing. Najib and 1MDB have consistently denied any wrongdoing. On Sunday, opposition politicians and leading critics of Najib unveiled a fresh campaign aimed at ousting him.

Weakening Growth

Some investors are concerned that rising costs and slowing economic growth will weigh on company earnings. Inflation in January accelerated to the fastest pace since 2014, while crude exports have fallen for 12 straight months. A slump in oil has curbed government revenues and prompted Najib to trim the growth forecast for 2016. Analysts have lowered the 12-month projected earnings growth estimate for the KLCI by about 9% since May 2014.

“We are underweight Malaysia currently. General concerns on regional growth moderation, weak consumer and business sentiment have capped investment appetite,” said Constance Wong, Client Portfolio Manager of Emerging Markets and Asia Pacific Equities Team at J.P. Morgan Asset Management.

Yet amid the unflattering headlines from politics to the economy, the absence of wild swings in Malaysian equities remain an appealing characteristic for some investors.

“The Malaysian market has a lower volatility,” Amundi’s Tan said. “That is why despite it being boring, Malaysia has been able to outperform its peers.

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Re: Spot KLCI Index
« Reply #94 on: April 01, 2016, 07:22:51 AM »



‘Local market should sustain bull run’
Posted on 1 April 2016 - 05:38am
Lee Weng Khuen
sunbiz@thesundaily.com
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KUALA LUMPUR: Bursa Malaysia Bhd CEO Datuk Seri Tajuddin Atan foresees the local stock market will sustain its bull run, which has seen the FBM KLCI more than double since the global financial crisis in 2008.

“I surely hope we can maintain the bull run. Based on our fundamentals and market resilience, I think there are still gems in some companies benefiting from the changes of exchange rates,” he told reporters here yesterday after the company’s AGM.

While acknowledging that market volatility will remain, he said all economic indicators, such as the rebound of oil prices and the ringgit, have pointed to an improved market environment, which augurs well for the trading of stocks.

“When you look at price and value, we’re positioned quite well simply because of our strength and the resilience of our market...I think things are improving from the investing perspective, trading environment is more conducive given that the changes that we’re seeing,” Tajuddin said.

The local bourse is also supported by intensified foreign buying in the past few weeks and this positive trend is expected to continue going forward, he said.

“Foreign funds is coming back with close to RM4.8 billion to RM5 billion for the first half of the year,” he noted.

Commenting on Bursa’s financial performance in 2016, he expects the company’s operating revenue to surpass the RM500 million mark this year on the back of improving market conditions.

“Our revenue should be able to surpass half a billion ringgit this year,” he said.

Last year, Bursa’s operating revenue came in at RM487.7 million, a 3% increase compared with RM471.3 million in 2014.

Moving forward, he said Bursa will focus on expanding its derivatives and Islamic markets.

“Wait for announcements, we’ve a few announcements coming up,” he added.

To sustain the growth of Bursa, he said the two main elements are corporate governance and strong sustainability

Offline CurryLee

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Re: Spot KLCI Index
« Reply #95 on: April 01, 2016, 07:26:02 AM »
Good morning King suk! Looks like bull bull jai is here to stay! Buy on weakness?   :nod:


‘Local market should sustain bull run’
Posted on 1 April 2016 - 05:38am
Lee Weng Khuen
sunbiz@thesundaily.com
Print
KUALA LUMPUR: Bursa Malaysia Bhd CEO Datuk Seri Tajuddin Atan foresees the local stock market will sustain its bull run, which has seen the FBM KLCI more than double since the global financial crisis in 2008.

“I surely hope we can maintain the bull run. Based on our fundamentals and market resilience, I think there are still gems in some companies benefiting from the changes of exchange rates,” he told reporters here yesterday after the company’s AGM.

While acknowledging that market volatility will remain, he said all economic indicators, such as the rebound of oil prices and the ringgit, have pointed to an improved market environment, which augurs well for the trading of stocks.

“When you look at price and value, we’re positioned quite well simply because of our strength and the resilience of our market...I think things are improving from the investing perspective, trading environment is more conducive given that the changes that we’re seeing,” Tajuddin said.

The local bourse is also supported by intensified foreign buying in the past few weeks and this positive trend is expected to continue going forward, he said.

“Foreign funds is coming back with close to RM4.8 billion to RM5 billion for the first half of the year,” he noted.

Commenting on Bursa’s financial performance in 2016, he expects the company’s operating revenue to surpass the RM500 million mark this year on the back of improving market conditions.

“Our revenue should be able to surpass half a billion ringgit this year,” he said.

Last year, Bursa’s operating revenue came in at RM487.7 million, a 3% increase compared with RM471.3 million in 2014.

Moving forward, he said Bursa will focus on expanding its derivatives and Islamic markets.

“Wait for announcements, we’ve a few announcements coming up,” he added.

To sustain the growth of Bursa, he said the two main elements are corporate governance and strong sustainability
malimalimaliongongongnotongchefbutishua thuatong

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Re: Spot KLCI Index
« Reply #96 on: April 01, 2016, 08:41:24 AM »
 :D :D :D..........dozens of 8 tons loaded,left only trailers under tree$ waiting to load sailing abalone$$$!!! :thumbsup: :clap: :clap: :clap:

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Re: Spot KLCI Index
« Reply #97 on: April 01, 2016, 08:41:53 AM »


MALAYSIA TOPPLES SINGAPORE IN THE IPO GAME AGAIN
Our Reporter | April 1, 2016
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Singapore’s reign as the premier destination for initial public offerings in Southeast Asia has come to an end.
The city-state’s exchange had the smallest haul of new share sales among the region’s four largest stock markets in 2015. Listings this year on Southeast Asia’s biggest bourse have totaled $34 million, lagging Thailand and Malaysia.
Singapore’s slide down the IPO rankings reflects not so much its own failings, but the growing ability of rivals from Jakarta to Bangkok to convince local issuers to stay at home instead of flocking to the regional hub. Indonesia, which has Southeast Asia’s biggest population and largest economy, plans to start an exchange dedicated to young technology companies, while Thailand’s premier has highlighted the importance of the country’s capital markets.

“The smaller Southeast Asian exchanges have been promoting themselves as a listing venue,” said Pankaj Goel, co-head of Southeast Asia investment banking at Credit Suisse Group AG. “It makes sense for Indonesian companies to list in Jakarta and for Thai companies to list on Thailand’s stock exchange.”

Singapore’s decline in new listings adds to the challenges faced by Boon Chye Loh, who became chief executive officer of the city’s exchange in July and has been trying to restore confidence in a market where turnover hasn’t recovered from a mystery penny-stock crash in 2013.
Companies that listed last year in Singapore raised $366 million, according to data compiled by Bloomberg, its worst performance since 2001. The amount was less than 10 percent of funds raised from Thailand’s IPOs, just a third of Malaysia’s and half of Indonesia’s, the data show.

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Re: Spot KLCI Index
« Reply #98 on: April 01, 2016, 03:33:13 PM »



 
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THE BEARS ARE BACK WITH A STING AS NIKKEI 225 TWO TIER SUPPORT LEVEL RIPPED APART IN JUST ONE DAY
Our Reporter | April 1, 2016
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Kuala Lumpur : The bears are back in business on April Fool’s day, after being on the receiving end of a good hiding in the month of March. Their first stop was in Tokyo, decimating the Nikkei 225, in a way unseen thus far this year.

The Nikkei lost more than  594.51 points to 16,164.16 points. Hence the 16,500 support level, and the second level support level of 16,200 points was also ravished.

Thats more than a three per cent drop, which means Hong Kong’s Hang Seng Index, did a bit better, ahead of economic data coming out from Beijing today. The Hang Seng Index is down  271.61 points to  20,501. 44 points.

The KLCI is down 8.410 points to 1,709.170 points

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Re: Spot KLCI Index
« Reply #99 on: April 01, 2016, 04:02:41 PM »



SE Asia Stocks
Most down on gloomy economic outlook; S'pore at 3-week low
By Reuters / Reuters   | April 1, 2016 : 2:46 PM MYT   
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(April 1): Most Southeast Asian stock markets fell on Friday, as concerns over global economic outlook dented sentiment after S&P cut its credit outlook for China, and on a gloomy survey of Japanese manufacturing.

Singapore's Straits Times Index was down 0.7%, after hitting its lowest level since March 11, while Thailand's SET Index traded 0.8% weaker, and the Philippines was down 0.5%.

"At the moment, there are so many concerns over the major economies, especially China and the U.S. So the buying spree has trimmed and some are taking profits," said Teerada Charnyingyong, an analyst with Phillip Capital in Bangkok.

U.S. Federal Reserve Chair Janet Yellen's speech on Tuesday, gave some cues about the pace of future interest rate hikes, but it failed to sustain the gains.

A downward revision of China's sovereign credit rating also weighed on sentiment. S&P cut its outlook for China's sovereign credit rating on Thursday to "negative" from "stable", though it maintained the rating at AA-minus.

A deterioration in the business sentiment among Japan's big manufacturers, which hit its lowest in nearly three years also hurt the market.

Malaysia lost 0.4% and Indonesia's Jakarta Composite Index fell 0.2%.

Bucking the trend, Vietnam's benchmark VN Index was up 0.3% by midday, after hitting a one-month low in the previous session, with gains in blue chips offsetting losses in most shares.
   
SOUTHEAST ASIAN STOCK MARKETS
 
 Change at 0524 GMT

Market   Current   Prev Close   Pct Move
Singapore   2821.61   2840.90   -0.68
Kuala Lumpur   1710.72   1717.58   -0.40
Bangkok   1396.88   1407.70   -0.77
Jakarta   4835.29   4845.37   -0.21
Manila   7224.59   7262.30   -0.52
Ho Chi Minh   562.61   561.22   +0.25