Author Topic: TIME TO INVEST IN BURSA ??  (Read 28471 times)

Offline 柠檬哥

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Re: TIME TO INVEST IN BURSA ??
« Reply #100 on: December 01, 2016, 09:24:53 AM »
Really not dare to buy share now, scare will stay in 5 star hotel.
1987-1997-2007-2017

so fast, another 10 year just past like that.

Online The-Keyman

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Re: TIME TO INVEST IN BURSA ??
« Reply #101 on: December 01, 2016, 09:34:37 AM »
Despite brent oil jumped 9% but bursa market unable to angkat kepala  :thumbsdown: :thumbsdown: :thumbsdown:

Don't hope........hope become your killer  :D :D :D

Prepare to touch 1600 soon next week  :thumbsdown: :thumbsdown: :thumbsdown: :thumbsdown: :thumbsdown: :thumbsdown:
“The-Keyman” do not make any representation or warranty as to its accuracy, completeness or correctness and also accepts no liability whatsoever for any direct or consequential loss arising from any use of this forum or further communication given in relation to this forum

Online ahbah

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Re: TIME TO INVEST IN BURSA ??
« Reply #102 on: December 01, 2016, 02:05:26 PM »
Malaysia Nikkei PMI falls to 47.1 in Nov, impacted by lower int'l demand and worsening operating conditions in goods-producing sector

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Re: TIME TO INVEST IN BURSA ??
« Reply #103 on: December 01, 2016, 02:20:58 PM »



With The Ringgit Weakening, Here’s What Singapore Investors Need To Know About Investing In Malaysian Stocks

By Lawrence Nga - November 30, 2016




0

inShare
As an investor, I like to observe when I visit shopping malls. Doing so helps me get a feel of how some retail-related companies and trusts are doing.

As a food lover, I pay special attention to how food & beverage retailers are doing.

But in my recent trips to malls, I have observed an interesting phenomena – people have started hanging out at the currency exchange counter. Many are either Malaysians hunting for the best exchange rates to send their income back to Malaysia or Singaporeans who want to switch some Singapore dollars into the ringgit.

This brings me to Malaysia’s currency: As I write this, one Singapore dollar is worth 3.13 ringgit, which is close to an all-time high! Given the fall in the ringgit, I thought it would be useful to look at the pros and cons of investing in Malaysian stocks from the perspective of a Singapore investor.

The positives:

1. Assets are selling at a discount

Given the depreciation of the ringgit against the Singapore dollar, even if a Malaysia-listed company has the same share price in ringgit terms when compared to a year ago, it will still be selling for a lower price tag today in terms of the Singapore dollar.

Some investors believe that currencies tend to fluctuate in a cyclical manner. For such investors, they may be buying stocks in countries with falling currencies to wait for the currencies to recover before selling them.

2. A larger domestic market and more investment choices

Malaysia’s population is around five times the size of Singapore – that results in the country having a much larger domestic market as compared to Singapore’s.

Singapore’s stock market also has less than 800 listed companies, which is considerably lower than the 1,700-plus listed entities in Malaysia.

By looking at Malaysia, investors can have more choices. For example, Singapore investors who are looking at Singapore-listed banks and telcos would find that there are only six in total (three banks and three telcos).

Malaysia’s stock market contains many banks such as Malayan Banking Berhad (KLSE: 1155.KL), CIMB Group Holdings Bhd (KLSE: 1023.KL), Public Bank Berhad (KLSE: 1295.KL), Hong Leong Bank Bhd (KLSE: 5819.KL), and RHB Capital Bhd (KLSE: 1066.KL).

It also has many telcos, such as Telekom Malaysia Berhad (KLSE: 4863.KL), Axiata Group Berhad (KLSE: 6888.KL), MAXIS BERHAD (KLSE: 6012.KL) and DiGi.Com Bhd (KLSE: 6947.KL).

 The Negatives:

 1. Malaysia is a different market

Despite having similar cultures due to having some shared history, Malaysia and Singapore are still two different markets. As such, Singapore investors may not have a good understanding of various aspects of Malaysia to make an informed investment decision.

Factors such as politics, the economy, social demographics, and more should be considered before investing in Malaysia’s stock market. Failure to do may put Singapore investors in a risky position.

 2. The ringgit may continue to depreciate

There’s no iron law in finance dictating that whatever goes down must come up. So, nobody really knows whether the ringgit’s current depreciation is short-term or long-term in nature.

 With the ringgit trading at close to an all-time low in relation to the Singapore dollar, Singapore investors may be tempted to buy stocks in Malaysia.

But investors should always consider both the risks and rewards before making any investing decision.

If you like what you've seen, you can get even more investing insights and analyses from The Motley Fool's weekly investing newsletter Take Stock Singapore. It's FREE, so do check it out here.

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Offline shilau

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Re: TIME TO INVEST IN BURSA ??
« Reply #104 on: December 02, 2016, 08:36:29 PM »
2017 NAJIB goverment FUND 3 billions start buy small cap stock :thumbsup:

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Re: TIME TO INVEST IN BURSA ??
« Reply #105 on: December 05, 2016, 06:53:21 AM »



Sunday, 4 December 2016 | MYT 5:03 PM
Early polls to buoy domestic market, says UOB Kay Hian Research






 UOB Kay Hian's top picks are Gamuda, Tenaga, Genting Bhd and Bumi Armada,
UOB Kay Hian's top picks are Gamuda, Tenaga, Genting Bhd and Bumi Armada,
 
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects the local stock market to be buoyed by expectations of a general election in 2017 after the disappointing corporate results for the quarter ended Sept 30, 2016.

In its recent strategy report, it said overall, it largely maintained its 2016-17 earnings forecasts for companies under its coverage.

“We expect FBM KLCI’s earnings to recover by 8% in 2017, a moderate turnaround after four years’ of near-zero or sub-zero growth.

“We maintain our end-16 FBMKLCI target at 1,700, with an indicative 1,730 target for end-2017 (bottom-up target of 1,740). Our end-16 target implies a high target 2017F PE of 16.6 times (+1.3 standard deviation to the historical mean of 14.7 times),” it said.



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UOB Kay Hian Research said its assessment imputes in year-end window dressing and positive catalysts.

The catalysts are a) improved crude oil price outlook post-OPEC’s production quota cut, which lifts the ringgit outlook; b) market to start pricing in a potential general election in 1H17; and c) modest resumption of corporate earnings growth.

“While the ringgit disappointingly did not appreciate against the US dollar on Thursday, investors will eventually look past concerns tied to Bank Negara’s recent curb against non-deliverable forwards (offshore trading), as the firm crude oil prices sustain.

“Investment themes in 2017 include: a) infra and building material plays, b) electrical and electronics (E&E) Trend Riders, and c) quality dividend plays.

“The first theme, which partly depends on China FDI, remains undiluted by China’s recent capital control. We expect China to continue supporting its government-supported strategic investments in Malaysia, which include various mega infrastructure and the Bandar Malaysia projects.

“Our top picks are Gamuda, Tenaga and Genting Bhd (replacing Genting Malaysia which has recently appreciated) or large-caps, and Bumi Armada, Ekovest, Kerjaya Prospek, Kim Loong, MRCB-Quill REIT and VS Industry for small-mid caps. Our top Sells  continue to be Hartalega, UMW and Telekom Malaysia,” it said.

As for the quarterly results ended Sept 30, 206, UOB Kay Hian Research said while the good news is that its corporate earnings growth forecasts remain effectively unchanged post 3Q16, the breadth of disappointments remain wide.

The small-medium capitalised companies’ results underwhelmed expectations. Earnings disappointments were a key factor in the recent sell-down of particularly small- and mid-cap concept stocks, adding woes to the post-Trump period.

“Nevertheless, we expect domestic equity markets to be buoyed by expectations of a general election in 2017,” it said.
The research house also said this was the first quarter of no downgrade for FBM KLCI earnings since 1Q14.

“Coming in as a pleasant break from all of the post-Trump negative economic developments (eg the ringgit’s plunge), were the largely in-line earnings in 3Q16 which is the first in-line quarter since 1Q14,” it said.

A total of 14 (14%) companies in our universe surpassed expectations while 25 (26%) companies underperformed our estimates, leaving the remaining 59 (60%) companies at par with our expectations. Providing some relief, the gaming sector and Tenaga were prominent earnings beaters.

As for the small-mid cap stocks were underwhelming. This results season was particularly bad for small-mid caps, with 32% of companies under UOB Kay Hian Research’s small-mid cap coverage missing expectations, versus only 18% which beat expectations.

“Investors’ intolerance for unpleasant earnings surprises were obvious, for example the 37.6% plunge in Felda Global Venture’s stock price in November (it guided for substantial losses). The FBM Small Cap Index fell 6.6% in November, underperforming the FBM KLCI by 5.6% year-to-date,” it said

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Re: TIME TO INVEST IN BURSA ??
« Reply #106 on: December 13, 2016, 06:48:21 AM »



Monday, 12 December 2016
Election catalyst for stock market in first half of next year?






 “Get ready for a more determined window dressing rally in about two weeks from now. That would be the first instalment of what is possibly in store for the next three to six months when foreign selling gets exhausted,” said Pong Teng Siew(inset pic), head of research, Inter-Pacific Securities.
“Get ready for a more determined window dressing rally in about two weeks from now. That would be the first instalment of what is possibly in store for the next three to six months when foreign selling gets exhausted,” said Pong Teng Siew(inset pic), head of research, Inter-Pacific Securities.
 
AMID expectations of window dressing, it is generally viewed that the election theme may also provide a catalyst to the KL stockmarket especially when foreign selling gets exhausted.

“Get ready for a more determined window dressing rally in about two weeks from now. That would be the first instalment of what is possibly in store for the next three to six months when foreign selling gets exhausted,” said Pong Teng Siew, head of research, Inter-Pacific Securities.

Calling it more of an uptrend rather than year-end rally, Vincent Khoo, head of research, UOB Kay Hian, expects more upside to the stockmarket in the first half of next year.

What about the election catalyst? “The election catalyst should kick in fairly soon and we should see a stronger stockmarket by year-end,” said Chris Eng, head of research, Etiqa Insurance & Takaful.



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“Besides positive sentiment from history in relation to pre- and post-election runs, there are so-called election spending and friendly policies which may benefit some stocks and the market in general,” said Danny Wong, CEO, Areca Capital.

However, there is a view that the election theme may not likely to have much of an effect on the market.

“There is little room in the current situation to drive market direction independently of economic fundamentals,” said Thomas Yong, CEO, Fortress Capital.

For those who are optimistic, blue chips and generally, big caps are in favour. Under potential election spending,

Wong is looking at media, logistics, retail, telcos and Internet-related services while under people-friendly policies, the sectors include infrastructure, consumer and construction.

Eng is choosing Tenaga Nasional Bhd, Sime Darby Bhd and banks. In the case of banks, he sees improved economic prospects helped by higher fees based on foreign exchange transactions from exporters who now have to convert 75% of their earnings overseas into ringgit.

As a boost to this generally positive outlook, would the ringgit be expected to strengthen?

“There should be a small positive impact from the forex measures (introduced by Bank Negara to boost demand for and stop speculation in ringgit).

“A more stable exchange rate will possibly reduce the spreads and be positive for corporates in Malaysia,” said Hor Kwok Wai, chief operating officer, global markets, Hong Leong Bank.

Supposed to benefit from a weak ringgit, export-oriented stocks were regarded with favour for the rally at year-end or beginning of next year. Will the new forex ruling dampen their values?

Some see pressure on exporters’ margins while others see minimal impact.

“It is not advantageous for our exporters who are complaining about the lack of US dollars in the onshore market when it comes to paying for their liabilities in US dollars. It is hard to get more than US$1mil or US$2mil.

“This time around, world trade has weakened even more compared with last year’s bout of ringgit weakening. Customers overseas are demanding that our exporters ‘share’ the benefits of a weaker ringgit.

“Also, as commodity prices have risen this year, exporters’ margins have deteriorated sharply,” said Pong.

Flexibility in terms of conversion of forex earnings may be granted for deserving exporters.

“The impact on export oriented stocks is modest. I am confident that Bank Negara will provide flexibility to deserving exporters,” said Khoo.

More findings on the operational impact in relation to the conversion of forex may tell a different story.

“In the meantime, this may have a small impact on exporters in terms of cost of doing business especially for those with huge portions of non-ringgit denominated input cost,” said Wong, adding that until more findings on the operational aspect are made known, he sees little impact on valuation.

There is, at the same time, a positive edge to this development. “We do see some cost increases for exporters from the new ruling which will be beneficial to local banks as they will gain more forex fees onshore,” said Eng.

The way stocks are powering to all time highs on Wall Street is reminiscent of what former Fed chairman Alan Greenspan termed as “irrational exuberance” of heightened asset bubbles which may be followed by a long period of contraction.

“But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?” Greenspan was quoted to have said two decades ago.

Greenspan is now more worried about debt than equity, said Bloomberg, quoting his interview with the Wall Street Journal published Dec 3, adding that he also recognised his warning had had little impact and repeated his view that bubbles are almost impossible to stop once they get going.

While the worry is on asset bubbles in the United States, the concern in emerging markets is that they may face “pronounced outflows” in 2017 if president-elect Donald Trump’s planned stimulus spending sends US yields higher and further strengthens the US dollar.

That could prompt policy makers to take action, and they might even coordinate in a collective rebellion against the United States, said Bloomberg, quoting Nomura.

Warning of possible capital controls by emerging markets, Nomura was quoted as saying that countries most at risk are those with volatile currencies, low currency reserves and relatively low rates.

Columnist Yap Leng Kuen reckons investors would be astutely looking for opportunities in a financial minefield.

Offline rite_brain

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Re: TIME TO INVEST IN BURSA ??
« Reply #107 on: December 13, 2016, 09:14:26 AM »
all these so-call experts didn't see Oil price going up
& ask us to buy stocks like SKPETRO ?  :)
It's an emotional warfare with....yourself
Nobody go bust by taking profit.
Strive to get rich slowly.
Let's make (more) money together!

Online king

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Re: TIME TO INVEST IN BURSA ??
« Reply #108 on: December 13, 2016, 07:48:27 PM »



财经  2016年12月13日
大马股匯俱跌 市场看见买进时机

(吉隆坡13日讯)在野村证券看淡马股之际,也有部份市场人士认为,令吉成为亚洲新兴市场中下跌速度最快的货幣,而10年期政府公债的收益率刚创下8年新高纪录,大马股市亦已连续3年下滑录,因此认为,现在便是买进的好时机。

在石油输出国家组织(OPEC)与非OPEC產油国达成减產协议后,沙地阿拉伯昨天也意外宣布,从明年1月起扩大原油减產量。这项消息进一步提振国际油价。

布伦特原油价格週一大涨之后,今天微跌0.24%,至每桶55.74美元。令吉匯率则没有太大变化,今天下跌0.33%,至1美元兑4.4363令吉。

三菱UFJ国际资產管理公司表示,隨著市场预期美国会加快升息,使债市面对卖压,它们打算增持大马的主权债券。至於Areca资本私人有限公司和艾芬黄氏资產管理公司,同样看见买进马股的机会。


Areca资本首席执行员黄德明表示,「我们已对市场反弹作好准备。马股已失去吸引力,和区域股市相比今非昔比,但从技术面来说,马股现已超卖。」

同时,黄德明指出,货幣投机活动上个月加速资金外流,即使油价反弹,但令吉匯率仍疲弱。这对东亚唯一原油净出口国大马来说是不寻常的现象。

「沙地阿拉伯承诺削减比先前商定的更多油產量,可能使大马股市周二重新开市时走高。令吉匯率已和油价脱鉤,但若再次跟隨油价齐头並行,相信会大幅反弹。」

本地主权债券有超过1/3由外资持有,大马容易受到诸如川普当选美国总统般的外部衝击。令吉匯率自11月8日以来已经下跌5.3%,几乎是韩元跌幅的两倍。韩元是仅次於令吉的亚洲新兴市场最差货幣,

大马10年期公债的收益率上个月急升75个基点,至11月29日的4.46%,创下8年新高纪录,但上周已回落至4.10%。

另外,三菱UFJ国际资產管理基金经理认为,令吉匯率未来数个月或变得更加稳定,到时他们才会考虑重新投资大马。

三菱UFJ国际认为,若不將令吉匯率的脆弱性计算在內,除了高回酬的印尼和印度之外,大马市场比大部份区域市场更有吸引力。

实际上,令吉匯率从2013年起下跌了35%,富时综合指数同期则跌了12%,落后於至少上涨17%的泰国、印尼和菲律宾股市。

截至12月2日,外资在过去6周皆在净卖马股,今年內已撤资25亿令吉。

之外,艾芬黄氏资產公司股票部门主管顏永平称,它们会在市场面对卖压时买进。令吉过去3年里大幅贬值后已超卖。

国家银行先前宣佈,会为岸外货幣市场提供更大的对冲伸缩性后,大马各类资產在12月已经上扬。沙地减產促使布伦特原油价格在周一大涨6.6%,令市场锦上添花。

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Re: TIME TO INVEST IN BURSA ??
« Reply #109 on: December 15, 2016, 06:28:41 AM »



Wednesday, 14 December 2016
Fund managers say good time to buy shares as ringgit weak






 “We are buying into this market sale,” said Gan Eng Peng(inset filepic),  equities head at Affin Hwang Asset.  “The ringgit’s massive depreciation over the last three years is overdone", he said.
“We are buying into this market sale,” said Gan Eng Peng(inset filepic), equities head at Affin Hwang Asset. “The ringgit’s massive depreciation over the last three years is overdone", he said.
 
KUALA LUMPUR: Malaysia’s ringgit is falling at the fastest pace among Asian emerging markets, the 10-year bond yield just spiked to an eight-year high and the stock market is closing in on a record third straight annual loss.

But fund managers say it’s a good time to buy.

Mitsubishi UFJ Kokusai Asset Management Co said it’s looking to add to holdings of Malaysian sovereign debt after expectations for faster US interest-rate increases spurred a selloff. Areca Capital Sdn Bhd and Affin Hwang Asset Management Bhd see an opportunity to buy the nation’s shares.

“We have positioned ourselves for a market rebound,” said Danny Wong Teck Meng, chief executive officer at Areca Capital, whose stock fund has beaten 98% of its peers with an 11%annual return over the past five years.



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“Malaysia is losing its core attractiveness, and the country doesn’t stand out like it used to compared to peers, but technically it’s oversold right now.”

A crackdown on currency speculators last month exacerbated outflows and saw the ringgit weaken even as oil rebounded, an unusual phenomenon for east Asia’s only net exporter of the commodity.

The ringgit has decoupled from oil and if it starts moving in tandem with crude again it should be poised for a sharp recovery, Areca’s Wong said last week before the Saudi announcement.

With more than a third of its local sovereign bonds held by foreigners, Malaysia is vulnerable to external shocks like Donald Trump’s election win. The ringgit has dropped 5.3% since Nov 8, almost twice as much as South Korea’s won, the next worst performer in emerging-market Asia.

The yield on Malaysia’s benchmark 10-year benchmark sovereign notes shot up 75 basis points last month, reaching an eight-year high of 4.46% on Nov 29 before falling to 4.1% by the end of last week.

“The ringgit will probably become more stable over a few months, and then we may consider increasing exposure to Malaysia,” said Tatsuya Higuchi, the Tokyo-based chief fund manager for foreign fixed income at Mitsubishi UFJ Kokusai Asset, which managed US$105bil at the end of September. Excluding the currency vulnerability, Malaysia is more attractive than most of its peers apart from higher-yielding Indonesia and India, he said.

The ringgit has lost 35% since the end of 2013 and the FTSE Bursa Malaysia KLCI Index of shares fell 12%, trailing gains of at least 17 percent in Thai, Indonesian and Philippine gauges. Foreign funds net sold Malaysian stocks in each of the six weeks through Dec 2, taking outflows this year to RM2.5bil.

“We are buying into this market sale,” said Gan Eng Peng, the Kuala Lumpur-based equities head at Affin Hwang Asset, whose Select Opportunity Fund beat 98% of peers with a 9.7% return in the past year.

“The ringgit’s massive depreciation over the last three years is overdone, he said.

Malaysian assets have rallied in December as the central bank said it would provide greater hedging flexibility in the onshore currency market after last month’s crackdown deterred investment. – Bloomberg

The Saudi move, which drove a jump of as much as 6.6% in Brent crude on Monday, is an extra tailwind.

“The combination of relatively sharper depreciation in the ringgit and a higher proportion of foreign holdings in local government bonds contributed towards a more acute risk aversion response in Malaysia,” said Victor Yong, an interest-rate strategist at United Overseas Bank Ltd in Singapore.

“Further dampening of currency depreciation pressures will be beneficial.” – Bloomberg

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Re: TIME TO INVEST IN BURSA ??
« Reply #110 on: December 16, 2016, 12:20:22 PM »



WSJ: Investors selling M'sia's stocks, bonds as US rates rise
 ringgit usdollar 1mdb
 2 comments     Published Today 11:45 am     Updated Today 12:01 pm

114

 
Malaysia is reportedly one of Asia’s worst-hit economies in the face of rising US interest rates and the dollar.

According to Wall Street Journal today, foreign investors sold US$5.3 billion of Malaysian stocks and bonds in November, the largest monthly outflow since September 2011, according to ANZ Bank.

"That is almost a quarter of the US$22.1 billion pulled from emerging markets in the region, excluding China," wrote WSJ.

The bulk of this, it said, was US$4.5 billion of bonds, the biggest monthly debt outflow on record, according to ANZ.

This comes as the ringgit continues to slide amidst a loss of market confidence in the country's financial standing, of which the growing 1MDB scandal is one of the contributing factors.

"Despite the government’s various attempts to support the currency, the ringgit has lost 6.5% of its value against the greenback since the US election, hitting a nearly 19-year low on Nov 30.

"On Thursday, the currency weakened 0.9%, following the Federal Reserve’s announcement of its first rate increase in 2016," wrote WSJ.

"Malaysia’s Achilles' heel is the high level of foreign ownership of its government bonds.

"Foreign money is flighty, a factor that can accelerate a liquidity crunch during times of stress," the financial daily reported.

Closing on week low

Bernama meanwhile reported the ringgit opening lower for the last trading day of the week, dampened by external sentiment, a dealer said.

At 9am, the ringgit was traded at 4.4660/4690 versus the US dollar from 4.4440/4480 at yesterday's closing.


Commenting on the US dollar's strength, FXTM research analyst Lukman Otunuga said from a technical standpoint, the dollar is heavily bullish on the daily timeframe with yesterday's hawkish surprise sending the US dollar index to fresh 14-year highs above 102.50.

"The dollar's strength could become a key theme in 2017 as the improving sentiment towards the US entices bullish investors to propel the greenback higher," he said in a statement according to Bernama.

Against a basket of major currencies, the ringgit traded higher.

Vis-a-vis the Singapore dollar, the ringgit rose to 3.0945/0983 from 3.1049/1096 and versus the yen, it improved to 3.7758/7796 from 3.7846/7894 on Thursday.

Against the British pound, the local currency appreciated to 5.5320/5380 from 5.5873/5949, while against the euro it rose to 4.6518/6563 from 4.6851/6921



Read more: https://www.malaysiakini.com/news/366301#ixzz4SyF9CFYl

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Re: TIME TO INVEST IN BURSA ??
« Reply #111 on: December 16, 2016, 08:02:31 PM »



财经
馬股估值相對便宜 宜作長期布局待反彈
 282点阅   2016年12月16日
20161217bs06

(吉隆坡16日訊)一年將過,明年股市投資該如何布局呢?



大眾投資研究認為,投資者應以長期投資布局,等待反彈;相較區域股市,馬股估值相對便宜,是增持的好時機,而且可將市場焦點投在種植、能源、建築及油氣4大領域。

報告指出,由于接下來也不太可能會有令人興奮的重大事件與發展,市場可能持續面對資金外流,加上目前的不穩定市況將延續一段時期。

無論如何,從原油價處在每桶45美元(約201.40令吉)上方,以及令吉沒有投降式拋售的風險看來,該行相信,馬股不應該持續處疲態。

同時,該行認為,令吉或被市場低估,或將吸引外資重返我國市場,加上距離我國來屆大選不遠,都有助于提高馬股勢頭。

該行也說,馬股有望在明年取得4.5%國內生產總值(GDP)的扶持,以未來1年本益比15.3倍,估值顯得相對便宜。相比之下,泰國股市股值相對昂貴,而泰國明年國內生產總值預計僅成長3.2%。

針對各別領域,該行給予種植、能源、建築及油氣領域“增持”投資評級。

大眾投資研究解釋,原棕油價格和油棕樹鮮果串(FFB)產出成長樂觀,種植業盈利增長強勁,能源股盈利也具抗跌特質。同時,油氣領域工程將跟隨油價企穩,建築股也在近期的發展工程下受惠

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Re: TIME TO INVEST IN BURSA ??
« Reply #112 on: December 17, 2016, 04:11:58 PM »



Saturday, 17 December 2016
Mature bull close to its death?
BY TEE LIN SAY







 Foong: ‘Our market is clearly oversold and drifting in lacklustre style as it is lacking any major catalyst to turn around the incredibly bearish tide purposefully.’
Foong: ‘Our market is clearly oversold and drifting in lacklustre style as it is lacking any major catalyst to turn around the incredibly bearish tide purposefully.’
 
Despite all the worries, there is actually a lot of data showing that reality is better than conventionally presented

 

 
IN recent weeks, good news seem to be in short supply.

Worry and pessimism have clouded the heads of investors especially with presumed difficult times as a result of the Fed hike, Trump, Brexit, China and low oil prices.

It has been eight years since this bull market started and every year, investors continue to remain sceptical about the bull markets uptrend.


Here is the thing.

Despite the fears and negative calls, stocks have continued rising and the US economy continues to expand. The Dow Jones is up a cumulative 190% despite all the bad news out there.

So surely in its eighth year, this mature bull is close to its death?

Now this is not to say the ride ahead is going to be easy. But for those who believe it’s all gloom and doom, there is a lot of data out there that is showing that reality is better than conventionally presented.



First and foremost, let us look at the Consumer Confidence Index. While it has been rising, it is still showing bullishness that is far less that what it was during previous bull markets. (See chart)

“Bull markets don’t die of old age. They die either when walloped by an unforeseen factor that wipes out trillions in economic activity or in reality simply can’t meet the expectations of euphoric investors. Today, we don’t believe that either factor exists. Stocks move between the gap of expectations and reality,” says Fisher Investments presenter John Hulcher in his 2:48 minute video titled “The Joyless Bull Market”.

Hulcher says to consider Sir John Templeton’s adage.

Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.

“However, sentiment has evolved glacially during this bull market. Eight years in, skepticism still reigns. People continue to look for a repeat of the financial crisis in every nook and cranny, while this persistent skepticism allows for positive, albeit slow growth to beat expectations,” says Hulcher. He says that throughout 2016, numerous high-profile fears have been slowly dispelled:

1. High-yield bond markets calmed down and yield spreads narrowed.

2. People got over negative interest rates.

3. Oil prices stabilised, which should reduce energy’s drag on corporate earnings.

4. Brexit was supposed to trigger a UK recession, yet with time and data, it seems that the vote was a non-event.

5. Trump won the US Presidential elections, and markets have already moved on.

Hulcher says that eventually, the Fed will resume hiking interest rates, and this will gradually help investors get over their mistaken belief that this bull market is nothing but Fed-fuelled froth.

“Worries may dominate the headlines but this is normal for a bull market. Sensationalised headlines simply fuel the grinding skeptical nature of this joyless bull. Remember this as you read ‘Doom and Gloom’ warnings about rate hikes, Trump and all the rest. The real time to worry is when no one else does. Today is a time for patient optimism,” he concludes.

A better 2017 thanks to stronger data

MIDF Amanah Investment director of corporate investment banking Sherilyn Foong believes that 2017 is expected to be a better year for the local bourse, in view of possible snap elections being called amidst a likely strong technical rebound scenario that is long overdue after months of heavy foreign selling.

“Our market is clearly oversold and drifting in lacklustre style as it is lacking any major catalyst to turn around the incredibly bearish tide purposefully,” says Foong.

What is for certain is that fears of a recession abound.

Many economists have forecast that a contraction is around the corner. At some point, the world will get its recession. That is after all how capital markets operate. For now, though, based on available data out there, it is pointing towards more growth rather than a recession.

Here are some of the data to show that the economy is in fact chugging along just fine:

1. Yield curves are steepening worldwide

While the yield curve (the spread between long-term and short-term rates) flattened earlier this year, it never inverted. An inverted yield curve shows that long-term yields are less than shorter-term yields. This type of yield curve is considered to be a predictor of economic recession.

To the contrary, curves are steepening. What does this mean?

The yield curve determines loan profitability. Since banks are in the business of making money, a larger spread (long-term yields being higher than shorter-term yields) suggests this will increase the banks’ willingness to lend capital, which will then further stimulate the economy.

The misconception now is that because rising long rates are steepening the curve, many are thinking only like the consumer – they agonize over the impact of rising loan costs. What about the fact that banks will be more eager to lend when long rates are higher?

The yield spread is also in The Conference Board’s Leading Economic Index (LEI), which has been rising.

In LEI’s more than 50-year history, no US recession has started when it was high and rising like it is today. Similarly, LEIs in the eurozone and UK are trending higher.

The US LEI increased in October for a second consecutive month. Although its six-month growth rate has moderated, the index still suggests that the economy will continue expanding into early 2017, says Ataman Ozyildirim, director of business cycles and growth research at The Conference Board, in a press release on Nov 18.

The interest rate spread and average weekly hours were the main drivers of October’s improvement, helping to offset some of the weaknesses in claims for unemployment insurance and new orders, says the Conference Board.

“In LEI’s more than 50-year history, no US recession has started when it was high and rising like it is today. Similarly, LEIs in the eurozone and UK are trending higher,” says Fisher MarketMinder.



2. An improving PMI

The Purchasing Managers’ Indexes (PMIs) for the US and markets around the world are improving. The US Manufacturing and Non-Manufacturing PMIs and the Global Composite PMI are at their highest levels for the year.

For the uninitiated, what exactly is the PMI and what does it represent?

They are monthly surveys aimed at capturing economic activity in a given sector, typically in manufacturing or services.

A PMI of more than 50 represents expansion of the manufacturing sector when compared to the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change. The Institute of Supply Management (ISM) generates the PMI each month. Although the ISM publishes several indexes, the PMI is the most widely followed and is sometimes referred to as the ISM index.

In its latest reading, the seasonally adjusted US Manufacturing PMI rose to 54.2 in December 2016 from 54.1 in the previous month and in line with market expectations. It was the strongest reading since March 2015, as employment rose further and stocks of inputs accumulated at the fastest pace since the survey began in May 2007.

These numbers show that healthy orders are being put in, meaning demand is in fact growing. Orders put in today translates to production over the next few months.



3. GDP is growing solidly in much of the world

The US economy advanced an annualised 3.2% on quarter in the three months to September of 2016, up from 1.4% growth in the previous period and better than a 2.9% expansion in the advance estimate.

It is the highest growth rate in two years, as consumer spending, exports and investment in structures rose faster than anticipated while fixed investment fell more, according to the Bureau of Economic Analysis.

“Year-over-year growth in the third quarter (Q3) was 1.6% in the US, 1.7% in the eurozone, 2.3% in the UK, 0.9% in Japan, 2.6% in South Korea, 6.7% in China, 7.3% in India, 1.3% in Canada, 1.8% in Australia, and 2% in Mexico,” says Fisher MarketMinder.

“Really the only countries in the world not growing are those that are heavily oil-dependent or grossly mismanaged such as Brazil, Russia, Argentina, Venezuela, Nigeria and Norway,” it says

Offline CurryLee

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Re: TIME TO INVEST IN BURSA ??
« Reply #113 on: December 17, 2016, 05:11:47 PM »
Wah...I think Dow going to 30000 lor.....no crash ady.....under Trump leadership...USA will be great again...
malimalimaliongongongnotongchefbutishua thuatong

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Re: TIME TO INVEST IN BURSA ??
« Reply #114 on: December 17, 2016, 06:16:12 PM »
Wah...I think Dow going to 30000 lor.....no crash ady.....under Trump leadership...USA will be great again...

IT'S  golden opportunities now  ,  :thumbsup: :clap: :clap: :clap: :cash: :cash:

bursa still very  cheap  especially  cheap penny & warrant... :clap: :clap: :thumbsup:

very potential BIG  JACKPOT  100 - 300  %  in 2017  SUPER BULL

##  Don't blame me  didn't tell you ALL  ( especially  grandma  :heartbreak:OLY  )  !

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Re: TIME TO INVEST IN BURSA ??
« Reply #115 on: December 17, 2016, 06:29:12 PM »
Ringgit down...bursa shud pump higher lar....or else our share market getting cheaper and cheaper......hehe....
malimalimaliongongongnotongchefbutishua thuatong

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Re: TIME TO INVEST IN BURSA ??
« Reply #116 on: December 20, 2016, 02:39:18 PM »



2016-12-20 13:08
看好亚太市场.贝莱德减码大马
时值美国政策仍未明朗之际,全球最大投资管理公司贝莱德(Blackrock)减码大马的投资,惟看好亚太中国、香港、日本、印度等国的投资。贝莱德的北亚区董事经理麦利宏说,减码大马,其一是因可以在区域内的中国、印度等市场找到更好的投资点。
时值美国政策仍未明朗之际,全球最大投资管理公司贝莱德(Blackrock)减码大马的投资,惟看好亚太中国、香港、日本、印度等国的投资。

广告

 
贝莱德的北亚区董事经理麦利宏说,减码大马,其一是因可以在区域内的中国、印度等市场找到更好的投资点。

他指出,大马的一些政策未明朗化,也是令其迟疑不前的原因。

贝莱德在固定收入投资“减码”马来西亚,在股市等投资“不喜”大马。

他日前在大马投资市场动向汇报会后受询问时表示,投资公司正等候大马有更广泛进取的结构改革,对消费税(GST)实施有更明确的动向。

他表示,消费税是拖住其投资大马的步伐,但不愿意进一步说明影响。

麦利宏说,目前人们对亚洲的投资情绪改善,主要是亚洲出口重获动力,尤其中国目前可从更稳定的政策环境受惠。

广告

 
“至于印度,则受惠于结构改革,成为区域成长最快速的市场。东南亚其他国家如印尼,外资涌进激活国内流动性,促成经济复苏、提振企业盈利。“贝莱德也对台湾与韩国的投资,保持谨慎。

大马投行零售与退休基金主管高级副总裁陈清良表示,很多资金大举移往更吸引力的亚太区,也是因这些投资地点更有多元投资产品及吸引力的回酬。

他说,美国总统改选后,马币见贬;人们对投资采观望态度,预计至明年首季尘埃落定之前,投资者可透过在北亚投资与素有研究的贝莱德,参与这些区域的成长。

他指出,如果依排序,中国、印度、印尼是投资行感兴趣的投资区域,中国进行股市改革开放后,吸引全球资金。改革后,房产投资可获可观回酬。

广告

大马投行与贝莱德在亚太的投资合作达10年,今年迄今之平均回报达8%,两方目前管理7亿5500万令吉亚太股市收入基金,放眼明年首季获10亿令吉投资。

文章来源:
星洲日报‧投资致富‧精明融资‧文:张启华‧2016.12.20

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Re: TIME TO INVEST IN BURSA ??
« Reply #117 on: December 21, 2016, 12:01:08 PM »



财经
今年IPO籌資額不到6億 寫金融風暴以來最低
 4403点阅   2016年12月20日
富馬隆綜指一年無起落,首發股籌資額跌谷底。
富馬隆綜指一年無起落,首發股籌資額跌谷底。
獨家報導:林慧蓮
(吉隆坡20日訊)馬股上市熱潮不再,首發股(IPO)總籌資額更逐年走低,今年僅籌得5億9662萬令吉,比較去年43億5050萬令吉總額大跌逾7倍,寫下2008/09年金融風暴以來最低!

儘管在全球經濟放緩之際,仍有不少公司喊話明年上市,但券商認為若市場條件不好,這些公司很可能會延后上市。



市道差難吸引新股

根據馬證交所資料,馬股新上市公司近年屢屢下跌,今年只有12家新上市公司,跌至2009年14家新上市數額的低水平。

截至12月20日,馬股主要板共有792家上市公司,創業板則有113家,共905家。

另有資料顯示,2007年馬股首發股籌資額達27億3000萬令吉,2008年則籌得12億9000萬令吉。換言之,今年首發股籌得的5億9662萬令吉,是2008年以來最低。

英特太平洋證券研究分析主管馮廷秀指出,富馬隆綜指迄今仍不到1650點,相比2015年12月31日閉市為1692.51點,說明今年馬股基本上幾無變動,表現讓人失望。

他告訴《中國報》,很少公司會在股市條件如此不利的情況下掛牌,且這種情況或許會延宕至明年上半。

JF Apex證券研究主管李忠正說,大型股一般會選擇市道佳的時候上市,主要吸引機構投資者,而小型股較有籌資發展的時間壓力,主要是吸引散戶投資者。

因此,今年市場雖不見好,卻還是有5家公司上市創業板,主要板則有6家新上市公司,另有一家為倒置收購上市的聯熹控股(RANHILL,5272,主要板貿服),其上市並不涉及首發股。

Dancomech獲眷顧股價翻近一倍

儘管馬股今年表現平平,但各家新公司在上市后都有不錯表現,Dancomech控股(Danco,5276,主要板貿服)自7月21日上市以來,短短5個月就上漲92%,翻近一倍。

截至9月底第3季,Dancomech控股營業額報1328萬令吉,其中1110萬令吉或83.5%來自本地市場;當季淨利報247萬令吉。Dancomech控股主要從事程序控制設備和測量儀器的買賣和分銷,銷售對象主要是原棕油和油脂化學品、油氣和石油化學品。

新上市公司中,表現不俗的還有柏昇(BISON,5275,主要板貿服)和Salutica公司(SALUTE,0183,創業板消費),兩股上市至今漲逾56%。

柏昇截至7月底第3季營業額報6512萬令吉,淨利406萬令吉;該公司最大收入來自食品和飲料,以及煙草,佔營業額的75.1%。

Salutica公司截至9月底第1季,營業額報7307萬令吉,淨利552萬令吉;當季營業額中的7060萬令吉來自藍芽耳機銷售。

目前10家透過首發股上市的公司中,有兩家公司股價倒退,即HSS工程(HSSEB,0185,創業板貿服)和BCM Alliance公司(BCMALL,0187,創業板貿服)。

PECCA籌資規模最大

另外,今年首發股最有看頭的非PECCA集團(PECCA,5271,主要板工業)莫屬,其股價自上市以來上升近12%,籌資規模更是一眾公司中最大的。

PECCA集團是馬股今年唯一上市籌資額超過1億令吉的公司,佔了今年首發股總籌資額約22%。

明年大牌公司多

李忠正認為,如果明年經濟狀況沒有惡化,一些已預告上市的大公司應能如期上市。但他亦認為,明年首發股表現將持平或僅稍微走高。

“如果明年經濟如同預測成長4%至5%,我想他們應該會上市。”

目前,本地預告明年上市的較大籌資規模公司有QSR品牌(約22億令吉)、綠盛世國際(20億令吉)、馬礦業(MMCCORP,2194,主要板貿服)港口業務(至少31億令吉)和一馬發展公司(1MDB)前子公司Edra能源(約17.7億令吉)。

2016年全球3大IPO
中國郵儲銀行九州鐵路上海銀行

不管市場好壞,中國這全球第2大經濟體總是給人出手闊綽的感覺;今年首發股規模前三甲,就有兩家來自中國。

今年9月赴港上市,獲馬雲、李嘉誠等入股的中國郵政儲蓄銀行,大規模籌資逾566億港元(約327億令吉),成為這2年間繼阿里巴巴集團(Alibaba)之后,全球最大首發股規模。

不過,該股上市一個月后就遭遇嚴重賣壓,跌破每股4.76港元(約2.75令吉)發行價,至今仍未收復失地。

今年全球第2大首發股來自日本;日本九州鐵路公司在10月上市,籌資4160億日圓(約158.2億令吉)。

全球第3大首發股為上海銀行,該銀行11月上市籌資近107億人民幣(約69億令吉),是中國今年最大宗首發股。

成全球最大IPO
沙地國家石油或取代阿里巴巴

阿里巴巴于2014年9月在美國紐約證交所上市,籌資250億美元(約1108億令吉),迄今仍是全球籌資規模最大的一次首發股活動。

值得一提的是,中通快遞今年10月選擇在紐交所上市,籌資14億美元(約62億令吉),成為美國今年最大首發股。

雖然還不知道明年全球首發股是否好于今年,但地球上另一個知名“土財主”沙地阿拉伯,已看好后年市場將回溫。

沙地阿拉伯國家石油公司(Saudi Aramco)已計劃在2018年上市,籌資1000億美元(約4430億令吉),為阿里巴巴上市籌資額的4倍。

20161221bs60-noresize

20161221bs61-noresize


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Re: TIME TO INVEST IN BURSA ??
« Reply #118 on: December 23, 2016, 06:50:04 AM »



Top 2017 Picks for Asia's Emerging Markets
by Yumi Teso  and Y-Sing Liau
December 22, 2016, 4:00 AM GMT+8
December 22, 2016, 11:04 AM GMT+8
Mizuho likes rupee and rupiah, while most bearish on yuan, won
HSBC Global favors Indonesia’s local-currency sovereign bonds
 
Emerging Markets: Where to Find Opportunity
Bonds, currencies and stocks in Asian emerging markets that are less dependent on external demand, such as India and Indonesia, are the most popular picks for investors and strategists next year. South Korea is seen as a market to avoid on concern U.S. President-elect Donald Trump will harm global trade after he takes office next month.


Currencies:

Mizuho Bank Ltd.’s Tokyo-based emerging-markets trader Masakatsu Fukaya likes India’s rupee and Indonesia’s rupiah. “The best pick is India because of its good fundamentals, room for further rate cuts and higher yields, all of which are making good conditions to attract fund inflows,” he said. He is most bearish on China’s yuan and then South Korea’s won.
BNP Paribas SA recommends buying Indonesia’s rupiah because of the country’s higher yields and support from commodity-producing economy, Singapore-based head of currency and rate strategy for Asia Mirza Baig said at a briefing in Singapore earlier this month. Eastspring Investments said in a statement earlier this month that it also sees opportunities to invest in the rupiah and India’s rupee.
Morgan Stanley and Societe Generale SA said they are bearish on the won going into 2017. Currencies sensitive to Trump’s policies amid weakening risk sentiment are expected to underperform, SocGen said in its EM outlook 2017 note earlier this month. 
Credit Agricole CIB said it expects further depreciation in the yuan due to China’s “significant” balance-of-payments deficit, in a note dated Dec. 14. The lender forecasts the currency to end 2017 at 7.25 per dollar, more than 4 percent weaker than the current level.
Bonds:

HSBC Global Asset Management favors Indonesia’s local-currency sovereign bonds as they offer good value after the recent selloff, Binqi Liu, a money manager in London, said in an e-mail. “In an environment where there is lack of global demand, much uncertainty about the global trade dynamic and risk of slower Chinese growth, Indonesia is better positioned than its peers in Asia” Liu said.
Western Asset Management Co. favors the local bonds of India and Indonesia, while Indonesia is included in Morgan Stanley’s sovereign credit trade recommendation for 2017. Pioneer Investment Management is keeping “overweight” positions in India and Indonesian notes due to the two nations’ reform processes, improving growth and relatively high yields, Hakan Aksoy, London-based fund manager for emerging markets, said in an e-mail.
Global funds pumped $7.64 billion into Indonesian sovereign debt this year, while selling a net $6.84 billion of Indian securities, according to data compiled by Bloomberg.
Stocks:

IG Asia favors Indonesian, Indian and Philippine equities. Amid subdued growth and an uncertain trade situation going into 2017, economies with strong domestic fundamentals appear to be “most promising,” said Jingyi Pan, a market strategist in Singapore. “Any dips close to 5,000 level would make for good entry” to the Jakarta Composite Index, she said. CLSA Ltd. and BNP Paribas also like Indian shares for 2017.
South Korea is among the markets IG Asia is bearish on due to slower growth and trade, and political uncertainties, Pan said.
Credit Suisse Group AG is positive on China, Korea and Indonesia on improving macroeconomic environments, balance sheets, valuations and underexposure of global funds

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Re: TIME TO INVEST IN BURSA ??
« Reply #119 on: December 24, 2016, 07:49:04 AM »



外围因素冲击 马股继续波动激烈
券商砍综指明年目标
197点看 2016年12月23日

(吉隆坡23日讯)诸多意外消息导致今年马股格外动荡,分析员预计,受到外围因素冲击,明年马股也将继续波动,并小幅下调明年杪综指目标到1750点,建议投资者采取抗跌投资策略。


马银行金英分析员认为,明年,外围政治和政策,是主要风险。其中,美国财政扩张计划提高了市场对通胀和增长的预期,可能促使美联储积极升息。

分析员说,美联储升息会进一步加剧美国和其他主要经济体的货币政策分歧。此外,明年欧洲多国的选举,也充斥着“反欧盟”风险。

提早大选改善情绪

另外,特朗普可能推行贸易保护主义和较不友好的外交政策,加上中国对这些政策的反应,可能进一步破坏增长,导致金融市场持续波动。

基于2018年综指盈利本益比为16倍,分析员下修明年杪综指目标,从1780点减至1750点。

不过,分析员认为,提早全国大选可能让综指加速达标。

“若我国提早举行大选,也可能改善情绪并刺激消费,让各领域受益。”

油盟减产利政府收入

尽管明年充满挑战,分析员说,其中也不乏一些利好消息,如石油输出国组织(OPEC)减产协议。

“若各产油国坚持承诺,这会支撑油价的高水平,并缓和我国政府的盈亏与令吉。”

分析员还说,抵马游客数量回扬,有助于推动国内目前因生活成本上扬而有所缓和的私人消费。且马中关系强稳也对贸易和投资有益。

此外,分析员指出,上市公司盈利走低的趋势似乎有所改善,显示出明年增长可能恢复。

不过,分析员提醒,若美国贸易保护政策导致中国增长大幅放缓,会对资本流动和令吉不利,并影响市场对中国在大马投资的预期。

另外,若产油国违背减产承诺,则会导致油价再次降低。


首选国能

在波动股市中,分析员建议,采取抗跌投资策略。同时,建议了建筑、旅游、中小型资本、大选、能反映美元、日元和油价走势,6大投资主题。

分析员认为,公用事业、产托、建筑、油气和航空属抗跌领域,给予“超越大市”评级。首选为国家能源(TENAGA,5347,主板贸服股),因为估值吸引、盈利稳定,且是市场领头羊。

产托展望好

此外,该分析员认为,产托增长展望良好,且市场谨慎投资也支撑产托表现。

洋灰和产业领域表现则“低于大市”,因为煤炭成本剧增抵消洋灰需求量回扬,产业领域销售风险和盈利差强人意。


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Re: TIME TO INVEST IN BURSA ??
« Reply #120 on: December 24, 2016, 03:52:49 PM »



Edge Weekly
The chosen dozen for 2017
By Tan Choe Choe / theedgemarkets.com   | December 24, 2016 : 11:53 AM MYT   
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KUALA LUMPUR: The big 2-0-1-6 that will soon come to pass may be ushered out with a hearty 'good riddance' by many investors, as the equities mart have been nothing short of challenging to tame these last 12 months, even for the most seasoned guru.

But the upcoming 2-0-1-7 doesn't look like it will provide any less difficult a ride, as 'uncertainty' remains the buzzword.

At the very least -- aside from the risk of more aggressive US Federal Reserve rate hikes due to higher inflation and growth expectations at ole Uncle Sam's -- there are several world events, including upcoming elections in several European countries, that may see the anti-EU sentiment spreading further, what with the UK having gone with the Brexit.

Domestically, some also view more potential uncertainties are in the offing, if one were to take four little words -- "could come anytime soon" -- from Prime Minister Datuk Seri Najib Razak on the 14th GE at the recent Umno General Assembly, as hints that the big voting exercise may be just around the corner.

Regardless, not everything is in shades of grey and there are still bright spots one can look forward to next year, which is why several The Edge Malaysia writers have put together the 'Top 12 Stock Picks for 2017' for the publication's cover story for the week of Dec 26, 2016-Jan 1, 2017.

Having spoken to fund managers and research houses, the paper noted that plantation is one sector that is starting to look interesting again after the unexpected rebound in crude palm oil prices recently.

"According to Inter-Pacific Securities head of research Pong Teng Siew, this is a good time for CPO as prices tend to move up between November and March because of low output," the weekly wrote.

“Plantation is a long-term play. Look out for planters with young trees because that is where you will see growth in output,” Phillip Capital Management chief investment officer Ang Kok Heng was also quoted as saying.

The construction sector also continues to be worth watching, with more mega projects still to be implemented over the next two years, like the East Coast Rail Line, the Kuala Lumpur-Singapore high-speed rail, the RM30 billion Melaka Gateway trading port, the Gemas-Johor Baru double tracking and the remaining work for the mass rapid transit lines 2 and 3. But, margins may be slim, cautioned Etiqa Insurance and Takaful head of research, Chris Eng.

And the weak ringgit isn't all bad news to everyone. Export-oriented counters, for one, are seeing the weak local note making Malaysian goods more competitive, price-wise.

As for oil and gas -- the sector non grata for the past two years -- industry players may be bound for a reprieve with a rebalance of the demand and supply after the agreed production cut among oil producing nations and the Organisation of Petroleum Exporting Countries (Opec).

So, having said all that, what do the experts think are the best picks for the year, and the specific reasons why? Well, pick up a copy of The Edge Malaysia today to find out!

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Re: TIME TO INVEST IN BURSA ??
« Reply #121 on: December 25, 2016, 02:29:06 PM »



2016-12-23 17:09
潜伏6大风险.马股明年先蹲后跳
大马股市2017年潜伏6大风险,市场走势料先挫后扬,上下半年表现各走极端,分析员建议投资者掌握7大投资主题,从中寻觅获利机会。

(图:法新社)
(吉隆坡23日讯)大马股市2017年潜伏6大风险,市场走势料先挫后扬,上下半年表现各走极端,分析员建议投资者掌握7大投资主题,从中寻觅获利机会。

广告

 
联昌研究分析员认为,由于消费者开销持续走软冲击,马股明年上半年仍挑战严峻,直待下半年不明朗因素消弭后,才稳住脚步伺机而动。

该行预测马股综指明年杪目标,将落在预测本益比16倍的1820点水平。



上半年欲振乏力

联昌研究指出,马股2017年上半年仍严峻挑战,主要预期第14届全国大选前夕消费者开销成长持续疲弱,同时马币兑美元汇率今年至今已重挫4%,全球经济不确定利空,将负面冲击消费者情绪及外国投资,使马股欲振乏力。

联昌研究指出,马股于明年首半年的一些不确定因素,将在下半年获得厘清后改善下半年表现。

广告

 
联昌研究看好明年下半年的马股表现,因预期数项利好催化因素发酵,包括市场并购活动升温、商品价格走高(原油及棕油)改善经济及推动消费者开销、预料全国大选可能提前在今年次季或第三季举行推动潜在涨势、马币兑美元汇率料增值至4.10水平。

外资持股
不会跌至金融危机水平

该行指出,明年马股其他潜在利好,计有外国投资者已经过于减持马股,目前已写下4年新低水平。

预料外资持股不会重新跌至全球金融危机时约20%谷底水平,若是外资重返市场将有助推高马股价位。

广告

该行估计,若是外资重返至全球金融危机后的持股至略逾25%水平,这将意味着外资将在马股吸购介于400亿至500亿令吉的股票。

“明年马股主要潜伏6大风险,首推美国新总统特朗普上任后的美国政府政策变化、贸易保护主义、明年首季英国脱欧事件可能启动第50条文、3大经济国的货币政策紧缩、欧洲多国大选及大马举行闪电全国大选。”

回顾2016年的马股表现,如该行预料,马股在2016年经历诸多逆风,包括经济成长较低及不确定的外围环境。虽然2016比2015年较少动荡,不过逆风程度却较为强劲(如较弱的企业盈利、强劲的美元汇率及较为缓和经济成长等)。

2016年全球市场出现的意外惊吓,则是英国脱欧及特朗普当选为美国新任总统,使马股至今表现落后该行预测,并创下连续3年走跌纪录。

企业盈利料回弹10%

联昌将对马股综指2017年杪目标水平定在1820点,或等于本益比16倍水平,与3年移动平均水平一致。

“我们认为马股可达此水平,主要是市场大部份坏消息已经全面反映,特别是外国投资者持股偏低及连续3年下跌后反弹向上的机会较为浓厚。”

该行预料马股2017年的盈利成长将回弹约10%。

该行2017年首半年首选投资领域,分别为公用事业、建筑及小资本股。该行明年首半年较为谨慎,选择公用事业的抗跌性质盈利、建筑则潜在工程合约推介及在全国大选前颁发更多工程合约及即将推介的中小型资本研究计划下潜在受惠的小资本股项。

联昌研究2017年首选大资本股为公用事业领域的国家能源(TENAGA,5347,主板贸服组),建筑领域则为怡保工程(IJM,3336,主板建筑组),至于种植及国民投资公司转型股项则为森那美(SIME,4197,主板贸服组)。

该行的3大首选小资本股分别为MYEG服务(MYEG,0138,主板贸服组)、康乐(KAREX,5247,主板消费品组)及文语控股(SASBADI,5252,主板消费品组)。



7主题掌握投资风向

联昌研究确认2017年的7大投资主题,包括:

一、美元汇率走强受惠者——胶手套及农基公司;

二、大型挹注资本领域及中国投资——建筑及基建;三

、高息股——公共事业及银行领域;

四、旅游业投资主题——航空及博彩领域;

五、政府相关公司转型——大财团;

六、中小型资本研究基金及计划——小资本股项;

七、第14届全国大选——政府相关公司。

●马币贬跌

今年至今,马币兑美元汇率贬跌4%,或比今年4月的3.87年度高峰重贬16%,这主要是美国总统选举及美国升息因素,激发新兴市场及货币下跌,这有利马股出口导向领域,包括胶手套、安全套、种植、半导体及木材公司等。同时,许多大马公司早在10至15年前已积极进军海外市场。

汽车航空饮食业重伤

至于马币汇率走贬的主要输家包括汽车、航空及饮食业领域,建筑商及公用事业也是受到一些负面影响,因为它们需要进口一些配件。

●建筑业忙碌的一年

预料2017年将是建筑领域忙碌的一年;在2017年及以后的大型工程计划总值达到2120亿令吉。同时配合全国大选,预料政府将颁发更多工程合约,总值料按年成长17%。

●小资本股基金及研究计划

政府在2017年财政预算案宣布设立30亿令吉的特别基金,以投资在中小型上市公司。

●旅游业

联昌研究预测2017年大马旅游业前景看俏;这主要是马币汇率贬跌有助吸引更多旅客到访大马。特别是政府大力推动大马旅游业、推出更多旅游新景点、加强航空联系及陆路交通系统、及通过访问东盟时推广大马旅游业等。

●全国大选

全国大选落在2018年8月或之前。市场预料政府很可能会在2017年举行大选,马股有望出现大选涨势。

●国民投资公司的转型计划

该公司将善用手中的现金,与其策略投资公司的管理层及董事部密切联系与合作,以为公司进一步扩大回酬及加值,从而推高有关上市的价值。

●高息股主题

市场预测国行将在2017年首半年里削减隔夜政策利率25个基点至2.75%以支持经济成长,这使马股的高息股更具有吸引力。



文章来源:
星洲日报‧财经‧报道:李文龙‧2016.12.23

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Re: TIME TO INVEST IN BURSA ??
« Reply #122 on: December 27, 2016, 03:18:55 PM »



Highlight
KLCI's earnings growth in 2017 set to be stronger than this year, says MIDF Research
By Anette Appaduray / theedgemarkets.com   | December 27, 2016 : 1:45 PM MYT   
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KUALA LUMPUR (Dec 27): The FBM KLCI's earnings growth in 2017 may yet be stronger than what is seen so far in 2016, which increases the probability of the equity benchmark inching up from its current sideways performance, according to MIDF Research.

In its 2017 outlook report released today, the research house said the FBM KLCI's valuation is mostly cheaper relative to its regional peers.

"And its longer-term trend path is highly dependent on the expected earnings growth performance during the next 12 to 18 months.

"Therefore, premised on the rooted behaviour whereby earnings and price are trending broadly hand-in-hand, we reiterate our 2017 FBM KLCI target at 1,830 points which equates to PER17 of 17.1x," it said.

MIDF Research also listed a selection of 10 stocks that represent its top picks beginning with the preference of inherent earnings quality, an attractive valuation and growth at reasonable price.

Malaysian Resources Corp Bhd (Buy rating with a target price (TP) of RM2.08)

Key catalysts for the company include their construction orderbook of RM1.5 billion providing 36-month construction backlog underpinned by 1.91x FY15 construction revenue cover. Secondly, the Development of Kwasa Damansara Plot C-8 worth RM3.08 billion, Kuala Lumpur Sports City valued at RM1.6 billion and Cyberjaya City Centre with a gross development value of RM9 billion and finally the potential sale of the Eastern Dispersal Link (EDL) highway for RM1.8 billion to unlock its balance sheet.

Tune Protect Group Bhd (Buy rating with TP of RM2.18)

MIDF Research is overweight on Tune Protect Group premised on the fact that the group has a first mover's advantage of digital insurance space and it will continuously grow within that parameter.

Tune has also predominant market share in local travel insurance and extends to establish new airline partnerships and venture beyond airline industry in the next two years. This will translate into positive significant fundamental impact, which the firm expects a sturdy FY17 estimated earnings growth and improvement in underwriting margin of 15% and 23% respectively.

On balance sheet, the group will stand on strong forecasted double-digit return on equity of 17% and a net cash position.

Malaysian Bulk Carriers Bhd (Maybulk) (Buy rating with TP of RM1.04)

The Baltic Dry Index (BDI), which measures charter rates across dry bulk ship sizes and routes, has recently surpassed the 1,200 level after averaging at 500 for the majority of 1HFY16.

The recent surge in the BDI can be attributed to a recent increase in coal and iron ore imports from China due to lower domestic production of these materials and a pick-up in demand for construction and power generation.

In addition, the prospects of the US embarking on infrastructure spending as part of its stimulus measures have also propped up sentiment on the industry.

The firm's 'buy' call on Maybulk with target price of RM1.04 is based on five-year average price-to-book ratio of 0.88x.

Deleum Bhd (Buy rating with TP of RM1.25)

Deleum is an oil and gas services specialist with undemanding valuation currently trading at forward price-earnings ratio (PER) of only 7x. The company's orderbook stands at approximately RM2.9 billion, providing earnings visibility of up to four years.

In addition, the company is a frontrunner for Petronas maintenance, construction and modification works worth approximately RM500 million for its portion.

The TP of RM1.25 is based on earnings per share (EPS17) of 12.5 sen pegged to PER17 of 10x. The firm's target PER17 is based on its five-year historical average rolling PER. At peak valuation, the stock traded at PERs in excess of 18x.

Muhibbah Engineering (M) Bhd (Buy rating with TP of RM3.05)

Key catalysts for the group are a construction orderbook of RM3 billion providing 36-month construction backlog or 3.5x construction revenue, a steady growth of 15% from operating income and an annual growth of 5 million from 3.3 million passengers (11% growth rate) for the three concession airports: Siem Reap, Sihanoukville and Phnom Penh, Cambodia.

AirAsia Bhd (Buy rating with TP of RM3.45)

MIDF Research said Airasia makes a re-entry into its top 10 picks after a recent share price correction which saw a 21% drop from its high of RM3.20 reached in August 2016 stemming from the ringgit losing ground against the greenback.

However, the research house said it was not too concerned about the falling ringgit as AirAsia's unhedged exposure to US dollar for its borrowings and expenses are capped at 33% and 50% respectively.

Meanwhile, AirAsia recently recorded a cumulative nine-month (9MFY16) load factor of 89% which was a group record. Looking ahead, the fourth quarter of 2016 will be even better as October–November loads have already hit 93%.

AirAsia highlighted that it has received eight non-binding bids for full ownership in Air Aviation Capital and one for an 80% stake.

MIDF Research said it is increasingly optimistic on the potential for special dividends as the deal draws nearer to a possible conclusion.

It said that a divestment of a 70% to 80% stake in AirAsia's leasing arm could translate into proceeds of RM2.9 billion to RM3.3 billion (RM1.04 to RM1.19 per share) which could be used to pare debts, fund future expansion and be paid out as special dividends.

Ta Ann Holdings Bhd (Buy rating with TP of RM4.70)

MIDF Research favours the company for its good set of earnings in 9MFY16 due to better-than-expected fruit bunch production, its strongest production growth among peers (+8% year-on-year (y-o-y) in 9MFY16) and a better outlook for timber division due to recent strengthening of US dollar and Sarawak State Government's effort to promote timber products in Japan.

My E.G. Services Bhd (MyEG) (Buy rating with TP of RM2.84)

MIDF Research said MyEG has an attractive business model and strong cash-rich balance sheet. As at 1QFY17, it has a net cash position of RM49.7 million.

It is also enjoying an attractive profit margin of more than 50%.

The upcoming implementation of the customs tax projects would also reaffirm the group's revenue and earnings growth trajectory.

Our TP of RM2.84 is premised on FY18 EPS of 10.8 sen pegged to FY18 forward PER of 26.3x.

Kuala Lumpur Kepong Bhd (Buy rating with TP of RM29.05)

Key positives about the company include its high exposure to palm oil business and good earnings growth of +33% y-o-y to RM1.05 billion in FY16, new capacities in the fatty acid business has started to contribute positively to the company, with FY16 EBIT for downstream division surging by 75% to RM323 million.

Bermaz Auto Bhd (Buy rating with TP of RM2.45)

MIDF Research said significant value has emerged after a 10% fall in share price since the market selldown post-US elections. Ex-cash, Bermaz Auto now trades at just 9x CY17 earnings.

The Japanese yen has actually weakened to RM3.80–RM3.90 levels and it was mainly the US dollar (which Bermaz Auto has no exposure to) that strengthened against the ringgit in the past month.

Key share price catalysts over the next 12 months include an attractive dividend yield of 7% (based on 85% payout ratio) underpinned by net cash which accounts for 12% of market capitalisation and a solid 9% free cash flow to equity yield (FY17F)

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Re: TIME TO INVEST IN BURSA ??
« Reply #123 on: December 27, 2016, 03:20:31 PM »



Fund managers bullish on emerging markets, ratings agencies less keen
By Reuters / Reuters   | December 27, 2016 : 2:47 PM MYT   
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NEW YORK (Dec 27): A number of global fund managers say they are buying emerging market assets for 2017 after the beating the sector has taken since the US election in November, even though credit rating agencies have a less positive outlook.

Since the election of Donald Trump as US president, emerging market stocks are down nearly 7.0%, based on the Morgan Stanley Capital Index, and the yield spread of emerging market bonds over benchmark US Treasuries is wider by 10 basis points, reversing some of the gains seen earlier in the year.

On Nov 8, the date of the US election, the EMBI Global year-to-date total return was 14.04%, and a week later, on Nov 14, it had halved to 7.60%.

Currencies such as Mexican peso and the Turkish lira have tumbled 10% or more in the wake of the election.

US President-elect Trump has pledged to impose protectionist trade policies and restrict immigration which would likely damage most emerging market economies.

The Washington, D.C. bank lobbying group, the Institute for International Finance, reported this week that US$23 billion has flowed out of emerging market funds since Oct 4, with US$18 billion of that taking flight since Nov 9.

"The magnitude of outflows has diminished significantly in recent weeks, but the direction has remained persistently negative," said Scott Farnham, an IIF research analyst.

FUND MANAGERS POSITIVE

BlackRock, the world's largest asset manager is expecting to reap solid gains from all emerging market asset classes, especially bonds, the firm's chief fixed income strategist, Jeff Rosenberg said at the company's recent global outlook summit.

Other global fund managers also see a rebound on the horizon.

Ricardo Adrogué, head of emerging markets debt at Baring Asset Management Ltd, said analysts, including ratings agencies, are confusing structural versus cyclical problems when evaluating the sector.

"Our assessment of emerging markets is actually strengthening at the time that developed market institutional framework is weakening," he said.

Similarly, Michel Del Buono, head of portfolio strategy at Makena Capital Management LLC, who oversees US$18 billion across asset classes, also has a bullish outlook.

"If you're exposed in the right way and you have a long-term perspective you should keep a significant weighting to emerging markets," he said.

Del Buono said he favors investments in things like healthcare, retail and for-profit education in places like Nigeria, Indonesia and the United Arab Emirates.

If prices keep dropping, Del Buono and Adrogué said they would keep adding to their positions, echoing what other investors told Reuters.

Morgan Harting, lead portfolio manager for multi-asset income strategies at AllianceBernstein said he is especially bullish on the energy sector and is investing in countries like Russia and Brazil as well as companies like Hungarian oil and gas group, Mol Group.

"As we get more economic data to validate that the underlying fundamentals in these economies continues to firm then people are going to get more aggressive in investing in emerging markets," Harting said.

CREDIT RATING AGENCIES LESS CONFIDENT

However, credit ratings agencies S&P Global, Moody's Investors Service and Fitch Ratings have recently lowered positive credit outlooks and written even more negative outlooks for emerging markets. Moody's even highlighted the risk of capital flight and potential weakness in the banking sector.

Diane Vazza, managing director of global fixed income research at S&P Global ratings agency, noted worries about geopolitical risk and energy companies not being able to adjust to a longer-term trend of lower prices for oil and gas.

"About a third of (emerging market) corporates have negative outlooks," Vazza told Reuters. "So we expect additional downward pressure across emerging markets."

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Re: TIME TO INVEST IN BURSA ??
« Reply #124 on: December 28, 2016, 06:45:31 AM »



Tuesday, 27 December 2016 | MYT 10:30 AM
MIDF: Foreign funds sell RM481.7m Malaysian equity






 
 
KUALA LUMPUR: Malaysian equity foreign fund flow turned negative again last week. The positive net foreign fund flow of the prior week, its first since before the US election in November, was regrettably short-lived, according to MIDF Equities Research.

“The net amount sold by foreigners on Bursa last week was RM481.7mil compared to the prior week’s net purchase of RM44mil. Nevertheless, as stated earlier, the negative foreign fund flow last week was equally prevalent in many other Asian equity markets,” MIDF said in its weekly report.

The research house said foreign investors have been selling off their investments throughout the whole week on net daily basis. The highest attrition was on Friday of -RM163.4mil and the lowest was on Tuesday of -RM18.3mil.

On a cumulative year-to-date, the amount of net selling by foreigners this year has expanded further to RM3bil. However, compared to last year, the outflow amount is still relatively low vis-à-vis -RM19.5bil net outflow in 2015.

It said retail investors gross participation rate continued to expand to RM392.6mil from RM378.5mil in the prior week. This is in-line with the higher buying on dips conviction which surged to RM84.9mil from RM14.1mil during the prior week.

On the other hand, MIDF said the institutional investors gross participation rate fell to RM1,667.0mil from RM1,925.7mil in the prior week.

MIDF said Petronas Gas Bhd registered the highest net money inflow of RM21.73mil last week. Accordingly, its share price outperformed the broader market recording a slight 0.19% gain as the FBM KLCI dropped by 1.26% during the week under review. In related news, its parent company Petronas expands into Iran with recent signing of MOUs on two oilfields with the National Iranian Oil Company.

Tenaga Nasional Bhd recorded the second highest net money inflow of RM18.38mil while Sime Darby Bhd saw the third highest net money inflow of RM14.17mil.

Public Bank Bhd saw the largest net money outflow of RM11.21mil last week. Nonetheless, its stock price outperformed in spite of a -0.61% loss vis-à-vis the FBM KLCI which declined by a larger 1.26% during the review week

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Re: TIME TO INVEST IN BURSA ??
« Reply #125 on: December 29, 2016, 08:09:45 PM »



财经  2016年12月29日 | 记者:胡雪樺
创3年连跌纪录 IPO市场吹冷风

(吉隆坡29日讯)2016年多只黑天鹅降临,让疲软不已的全球市场雪上加霜,全球的首次公开售股(IPO)市场也受到影响,包括我国的IPO市场吹起一阵冷风,今年的IPO宗数虽没有大跌但集资额却明显减少,而且创下连跌3年的记录!

2016年晋入尾声,马股周四(29日)迎来本年度最后一家IPO——创柏(FPGROUP,5277,主板工业股),將全年新上市公司宗数推高至12家,但仍略低于比去年的13家。

同时,由于缺乏大型公司上市集资,大马交易所今年IPO公司的集资总额按年急挫84.58%,至8亿2529万令吉,相比去年的53亿5037万令吉。

今年新上市的12家公司,其中7家在主板上市,剩余的5家在创业板上市。针对以上现象,大眾投行研究主管庄永仁解释,今年之所以缺乏大型IPO,归咎于市场游资严重流失。他补充,由于美国收益率料偏高,造成外资纷纷撤离,回流美国市场。


此外,大马发展公司(1MDB)丑闻和政府摇摆不定的政策亦重挫投资者信心。

「基于投资者情绪尚未回稳,加上宏观经济不太明朗,2017年对欲展开IPO活动的企业而言,仍十分艰鉅。」

今年,英国脱欧、川普(又译特朗普)意外胜出美国大选和意大利修宪公投失败等黑天鹅,均使全球金融市场蒙上一层阴霾,导致外资严重流出新兴市场。

实际上,作为衡量大马股市表现的富时大马综合指数也已连续两年按年呈跌。在企业盈利毫无改善的情况下,市场人士认为,综指难以在最后几个交易日扭转颓势,所以將写下3年连跌的纪录。

展望未来,安联星展研究主管程宏扬表示,外围因素將继续左右出口导向的大马经济前景。假设全球贸易活动急跌,將对大马带来严重衝击。

明年料摆脱颓势

无论如何,隨著市场人士普遍预期明年全球经济將改善,我国许多大型企业也纷纷传出在明年上市的消息,包括MMC机构(MMCCORP,2194,主板贸服股)旗下的港口业务、QSR品牌控股、绿盛世国际(EWI)、依海控股(IWH)和Edra环球能源,预计將引领大马IPO市场摆脱3年的颓势。

当中,MMC机构旗下港口业务计划通过IPO活动集资7亿5000万令吉,而今年10月宣布將上市计划展延至明年的绿盛世国际,则將筹资5亿令吉,作为海外项目发展用途。

目前,已获证券监督委员会(SC)批准上市的公司有HLT Global公司、马登控股、绿盛世国际和Serba Dinamik控股。HLT Global和马登控股將分別在明年1月10日及17日上市。

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Re: TIME TO INVEST IN BURSA ??
« Reply #126 on: January 03, 2017, 06:31:53 AM »



Monday, 2 January 2017
Cautious outlook for equity market in 2017
BY INTAN FARHANA ZAINUL







  A slow 2016 does not bode well for prospects of local bourse this year.
A slow 2016 does not bode well for prospects of local bourse this year.
 
PETALING JAYA: The equity capital market (ECM) saw one of its slowest years in 2016, with no major initial public offerings (IPO) taking place. This, in turn, could suggest a cloudy outlook for 2017.

In 2016, the value of the top 10 ECM deals stood at US$2.2bil (RM9.87bil). This was down 42% from the top 10 deals made in 2015, which carried a value of some US$3.8bil (RM17bil), according to data by Maybank IB Research.

Share sales in 2016 were dominated by private placement exercises by a few heavyweights such as Sime Darby Bhd, IHH Healthcare Bhd and Tenaga Nasional Bhd (TNB).

These issuances picked up the slack from the IPO dry spell last year.

Sime Darby’s private placement topped the list of top 10 ECM deals for 2016. The conglomerate raised US$517.7mil (RM2.5bil). In second place was utility giant TNB’s US$289mil placement while banking group Malaysia Building Society Bhd followed with a US$257.8mil rights issue.

Nonetheless, a seasoned banker reckoned that equity fundraising in 2016 turned out to be surprisingly good considering how volatile markets were and the several “black swan events” that took place, such as Brexit and Donald Trump’s victory in the US presidential election.

“Given the backdrop of difficult market conditions and foreign fund outflows, this year’s equity-raising activity in Malaysia was relatively healthy,” he said.

In fact, when compared with the rest of Asean, Malaysia ranked second after Singapore in terms of value of top 10 deals made last year.

The value of Singapore’s top 10 deals last year stood at US$3.2bil and this was led by two major IPOs, namely that of Frasers Logistics & Industrial Trusts and Manulife US Reit.

Meanwhile the Philippines, Thailand and Indonesia recorded less than US$2bil worth of ECM deals respectively.

The volatility and weak sentiment in the equity markets in 2016 resulted in both investors and companies shying away from investing and raising money.

The FBM KLCI closed 2016 with a 3.5% drop, marking a third consecutive year of decline.

A market observer explained that there was a mismatch in the market, with investors expecting lower values and issuers not wanting to discount their offerings too much.

“Investors have been spoiled for choice as many companies’ share prices trade at undemanding valuations.

“In comparison, new issuances usually demanding higher valuations.

“So many company owners didnt’ find it compelling to raise money in this soft market as they could not fetch valuations they could have got say two years ago,” the market observer said.

For IPOs alone, last year saw RM1bil raised from 11 listings on on Bursa Malaysia, the lowest figure since the global financial crisis in 2008-2009. The figure is a far cry from the RM4.7bil and RM4.1bil raised in 2015 and 2014, respectively.

The impact of the softer market has also seen IPOs being priced at lower earnings multiples as compared to two years ago.

Notably, some of the IPOs that took place in 2016 were priced at single-digit earnings multiples, a rare occurrence in previous bullish markets. Dancomech Holdings Bhd, which listed last July and the upcoming listing of Rhone Ma Holdings Bhd are examples of companies listing at single digit price earnings multiples.

However, one investment banker points out that there is a healthy IPO pipeline in the next couple of years and that this would lift ECM activities. “The market has priced in the negativity. At least for now there is more certainty and this in turn could result in the backlog of IPOs coming to the market,” a banker says.

The listing of Serba Dinamik Holdings Bhd, which is raising some RM600mil for its planned floatation on Feb 8, 2017, will be a watershed deal for IPOs.

That’s because it would end the 2016 dearth of major IPOs. This would be more so if EcoWorld International Bhd (EWI) joined the fray.

EWI is the overseas real estate unit of the Eco World development group and is looking to raise RM2bil from its planned 2017 listing.

The IPO pipeline in 2017 in Malaysia is in line with expectations of a rebound in IPO activities in Asia-Pacific.

According to Reuters, ECM activity in Asia-Pacific dropped in 2016 as weak IPO performance curbed demand for new listings in the region and listed companies slashed secondary offerings because of volatile markets. It said the US$207.4bil of equity offerings were the lowest since the US$159bill raised in 2013.

But while more major IPOs are in the pipeline for 2017, the question remains if there is appetite from investors for such offerings.

Consider this: some of the major listings of 2015 (there were no major listings in 2016) currently trade below their IPO prices.

This in turn could be a reason why investors are shying away from participating in major IPOs. This includes Malakoff Bhd which closed at RM1.38 on Dec 30, 2016, which was 24% below its IPO price of RM1.80.

Meanwhile, in terms of merger and acquisitions (M&As), the top 10 deals in 2016 amounted to US$7.9bil, lower than US$10bil in 2015. “M&As would be the theme for 2017 especially with the continuous volatility in the market and much needed consolidation in the steel and oil and gas industries,” said one corporate banker

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Re: TIME TO INVEST IN BURSA ??
« Reply #127 on: January 07, 2017, 04:19:26 PM »



Saturday, 7 January 2017
What is obvious is obviously wrong
BY M. SHANMUGAM







 Contra reaction: When there is an over-riding tide of pessimism, the stock market reacts the opposite way. Similarly, the stock market tends to under-perform when there is an abundance of optimism. – Bernamapic
Contra reaction: When there is an over-riding tide of pessimism, the stock market reacts the opposite way. Similarly, the stock market tends to under-perform when there is an abundance of optimism. – Bernamapic
 
The alternative view
THE stock market tends to react in opposing tangents.

When there is an over-riding tide of pessimism, the stock market reacts the opposite way. Similarly, the stock market tends to under-perform when there is an abundance of optimism.

This year the general mood of fund managers and investors is no different than previous years. There is an over-riding mood of pessimism.

The biggest fears are that the ringgit will weaken further and the underlying economy may not improve very much compared to last year.



ADVERTISEMENT
The fears are not totally unfounded.

Although we are tipped to grow at about 4.1% this year, for a small economy such as Malaysia, it is not good enough. Nobody dares dream about 8% growth. But a growth of more than 5.5% will translate into a greater degree of vibrancy and consumer spending at the ground level.

As for the ringgit, as long as foreigners are selling their bond holdings, converting the ringgit to US dollars and taking the money out, the domestic currency will continue to be under pressure. At the moment, foreigners own about 48% of Malaysian Government Securities, which is seeing a sell-down despite offering pretty decent yields of more than 4%.

Both – a subdued economic growth and possibility of a ringgit depreciation – will affect corporate earnings, consumer sentiments and hence the pessimistic outlook of the stock market.

However the stock market technical indicators are all pointing up – indicating a bullish trend ahead in the next few months. The stock market tends to move six months ahead of the real market. Put simply, the stock market is saying that while there are dark clouds, it is not likely to last long.

In May last year, this column delved into a “dead cross” formation building up on Bursa Malaysia. In stock market language, what this means is that there is a bear market in the offing for Bursa Malaysia. It is opposed to a “golden cross”, where the indicators point to a bull market.

True enough, corporate earnings were bad last year and sentiments got worse as the year drifted away. Oil price went below US$30 per barrel before it improved. Political developments overseas such as Britain’s exit from the European Union and Donald Trump’s unexpected win in the US presidential election had a major impact on the capital markets.

Trump’s victory has certainly caused upheaval in the capital markets due to his economic and trade policies. The bond market’s 30-year bull run has finally ended on expectations that Trump would embark on an expansionary fiscal policy and cut taxes.

This would lead to people having more money in their hands, causing the US to experience higher inflation rate in the coming months. So far it has prompted the Federal Reserve to signal that it could embark on a faster than expected series of interest rate hikes.

This has caused investors to liquidate their investments in the bond market and an across-the-board weakening of the major currencies against the US dollar.

Malaysia is not alone in seeing its currency depreciate against the US dollar. So are most currencies in the world. Some have speculated that the ringgit could be about RM4.70 to the US dollar while there is a view of the domectic currency improving to RM4.10 by year-end.

The ringgit could move either way because the US dollar is on a bull run.

However there are mitigating factors that points to an improvement in Malaysia’s underlying economy.

Oil is likely to average at a higher band of about US$60 per barrel this year. This should augur well towards increasing government revenue. Commodities such as palm oil are also on the rise. This should help stabilise and improve Malaysia’s trade balance.

As far as the banking system is concerned, there have not been any shocks to the system so far. The worst is probably over for oil and gas companies. The existing defaults of oil and gas companies have not caused systemic risk to the financial system so far.

As for the property market, it has slowed down considerably but the most affected products are high-end condominiums. This involves a small segment of property buyers who are already well-off financially, which explains why there is no large scale fire-sales.

The demand for landed property is still strong while as far as condominiums are concerned, products below RM500,000 are seeing strong sales. The bottom line is property developers are facing tough times but they are still launching and selling houses.

This year is also likely to be an election year. The man on the street can expect more goodies to overcome the higher cost of living.

As in all election years, the sentiments on the capital markets tend to improve in the run up towards the general elections. The longer-term trend of the stock market would depend on the outcome of the elections.

Bursa Malaysia has been under-performing for three years in a row. The economy has also not seen any significant growth in the last two years. The ringgit is seen to be weakest among regional currencies.

Obviously, the mood is filled with pessimism. However there are many instances where what is obvious is obviously wrong. The markets could just prove the pessimism wrong this time.

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Re: TIME TO INVEST IN BURSA ??
« Reply #128 on: January 07, 2017, 04:26:23 PM »
Kong makai?! So confusing geh..... :D

We standby fun to eat ady....... Matang! Eat big big!  :P


Saturday, 7 January 2017
What is obvious is obviously wrong
BY M. SHANMUGAM







 Contra reaction: When there is an over-riding tide of pessimism, the stock market reacts the opposite way. Similarly, the stock market tends to under-perform when there is an abundance of optimism. – Bernamapic
Contra reaction: When there is an over-riding tide of pessimism, the stock market reacts the opposite way. Similarly, the stock market tends to under-perform when there is an abundance of optimism. – Bernamapic
 
The alternative view
THE stock market tends to react in opposing tangents.

When there is an over-riding tide of pessimism, the stock market reacts the opposite way. Similarly, the stock market tends to under-perform when there is an abundance of optimism.

This year the general mood of fund managers and investors is no different than previous years. There is an over-riding mood of pessimism.

The biggest fears are that the ringgit will weaken further and the underlying economy may not improve very much compared to last year.



ADVERTISEMENT
The fears are not totally unfounded.

Although we are tipped to grow at about 4.1% this year, for a small economy such as Malaysia, it is not good enough. Nobody dares dream about 8% growth. But a growth of more than 5.5% will translate into a greater degree of vibrancy and consumer spending at the ground level.

As for the ringgit, as long as foreigners are selling their bond holdings, converting the ringgit to US dollars and taking the money out, the domestic currency will continue to be under pressure. At the moment, foreigners own about 48% of Malaysian Government Securities, which is seeing a sell-down despite offering pretty decent yields of more than 4%.

Both – a subdued economic growth and possibility of a ringgit depreciation – will affect corporate earnings, consumer sentiments and hence the pessimistic outlook of the stock market.

However the stock market technical indicators are all pointing up – indicating a bullish trend ahead in the next few months. The stock market tends to move six months ahead of the real market. Put simply, the stock market is saying that while there are dark clouds, it is not likely to last long.

In May last year, this column delved into a “dead cross” formation building up on Bursa Malaysia. In stock market language, what this means is that there is a bear market in the offing for Bursa Malaysia. It is opposed to a “golden cross”, where the indicators point to a bull market.

True enough, corporate earnings were bad last year and sentiments got worse as the year drifted away. Oil price went below US$30 per barrel before it improved. Political developments overseas such as Britain’s exit from the European Union and Donald Trump’s unexpected win in the US presidential election had a major impact on the capital markets.

Trump’s victory has certainly caused upheaval in the capital markets due to his economic and trade policies. The bond market’s 30-year bull run has finally ended on expectations that Trump would embark on an expansionary fiscal policy and cut taxes.

This would lead to people having more money in their hands, causing the US to experience higher inflation rate in the coming months. So far it has prompted the Federal Reserve to signal that it could embark on a faster than expected series of interest rate hikes.

This has caused investors to liquidate their investments in the bond market and an across-the-board weakening of the major currencies against the US dollar.

Malaysia is not alone in seeing its currency depreciate against the US dollar. So are most currencies in the world. Some have speculated that the ringgit could be about RM4.70 to the US dollar while there is a view of the domectic currency improving to RM4.10 by year-end.

The ringgit could move either way because the US dollar is on a bull run.

However there are mitigating factors that points to an improvement in Malaysia’s underlying economy.

Oil is likely to average at a higher band of about US$60 per barrel this year. This should augur well towards increasing government revenue. Commodities such as palm oil are also on the rise. This should help stabilise and improve Malaysia’s trade balance.

As far as the banking system is concerned, there have not been any shocks to the system so far. The worst is probably over for oil and gas companies. The existing defaults of oil and gas companies have not caused systemic risk to the financial system so far.

As for the property market, it has slowed down considerably but the most affected products are high-end condominiums. This involves a small segment of property buyers who are already well-off financially, which explains why there is no large scale fire-sales.

The demand for landed property is still strong while as far as condominiums are concerned, products below RM500,000 are seeing strong sales. The bottom line is property developers are facing tough times but they are still launching and selling houses.

This year is also likely to be an election year. The man on the street can expect more goodies to overcome the higher cost of living.

As in all election years, the sentiments on the capital markets tend to improve in the run up towards the general elections. The longer-term trend of the stock market would depend on the outcome of the elections.

Bursa Malaysia has been under-performing for three years in a row. The economy has also not seen any significant growth in the last two years. The ringgit is seen to be weakest among regional currencies.

Obviously, the mood is filled with pessimism. However there are many instances where what is obvious is obviously wrong. The markets could just prove the pessimism wrong this time.
malimalimaliongongongnotongchefbutishua thuatong

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Re: TIME TO INVEST IN BURSA ??
« Reply #129 on: January 07, 2017, 04:38:11 PM »
Kong makai?! So confusing geh..... :D

We standby fun to eat ady....... Matang! Eat big big!  :P

Matang is Batang
Batang is Matang
Matang is Batang
and Batang is Matang

ada confuse or not

nevermind , GE14 lui $$$$$$$$$$$$$ lai leow

remember uncle Leong Tong Mali  mau celebrate Tong Tong Chiang
huat tua chai huat tua chai
dengar pun Huat tua chai

chai shen tau
chai shen tau
Chai shen tau wor chia men kor

 :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap:
sometimes win sometimes lose
biasa lah

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Re: TIME TO INVEST IN BURSA ??
« Reply #130 on: January 07, 2017, 04:54:21 PM »



Edge Weekly
A better year for exports
By Surin Murugiah / theedgemarkets.com   | January 7, 2017 : 9:41 AM MYT   
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KUALA LUMPUR (Jan 7): This year should have been much better for exporters, coming from a sluggish 2016, which is expected to see exports grow only 0.5% year on year, according to the latest edition of the Edge weekly.

In its cover story, the Edge’s Ben Shane Lim wrote that the ringgit continues to flirt with new record lows, briefly surpassing the psychological 4.50 level against the US dollar last week.

Even though other emerging market currencies have depreciated as well, the ringgit continues to be one of the worst performers against the US dollar, giving Malaysian exporters a competitive advantage, said the magazine.

Meanwhile, it said the US economic growth forecasts have risen to bullish levels that have not been seen during the global financial crisis in 2008.

In fact, growth estimates for global gross domestic product have been revised upwards although China and Europe’s GDP growth are expected to moderate slightly, said the Edge.

The weekly pointed out that in its most recent Global Economic report, HSBC upgraded its global growth forecast from 2.3% to 2.5%. It estimates that global GDP expanded 2.2% last year. The bottom line is that external demand should, at the very least, remain intact this year.

It said stronger commodity prices, particularly crude oil and crude palm oil, will also lend support to export numbers this year.

On top of that, domestic-focused stocks are expected to face more volatility as the 14th general election is expected to be held this year.

Put together, these factors should result in a robust year for exporters as well as the corresponding stocks.

“Malaysia’s exports grew at a relatively muted 0.5% y-o-y in 2016. But this year, we are forecasting it to grow 2%,” the Edge quoted an economist at RHB Research as saying.

However, the magazine said his forecast is relatively conservative.

It said the consensus estimate for export growth this year is 2.8% and the latest export numbers do give some hope for a rebound.

The weekly said data for November released last Friday shows continued signs of recovery for exports. During the month, exports rose 7.79% y-o-y to RM72.83 billion, the quickest pace in 2016. More importantly, the recovery in gross exports was not driven by stronger commodity prices alone. Electrical and electronic (E&E) exports rose 13.2% y-o-y to RM26.2 billion. Note that E&E exports, comprising semiconductors primarily, make up 35.9% of total exports.

That said, higher commodity prices also gave gross exports a boost during the month. Exports of palm oil and palm-based products rose 24.3% y-o-y to RM6.6 billion, due primarily to higher average unit prices, said the weekly

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Re: TIME TO INVEST IN BURSA ??
« Reply #131 on: January 08, 2017, 07:09:36 PM »



Saturday, 7 January 2017
Five hot stocks ahead of elections
BY LEONG HUNG YEE







 Potential stocks: Companies perceived to have strong political affiliations may come into play in the run up to the elections.
Potential stocks: Companies perceived to have strong political affiliations may come into play in the run up to the elections.
 
FGV is top of the list of favoured stocks that would benefit from the run up to the general election

LAST year, politics dominated the capital markets in the US and Europe. This year, politics is likely to be one of the major themes for Bursa Malaysia. This is on the grounds of growing expectations that the general election could be held before the due date of mid-2018.

Companies perceived to have strong political affiliations such as Felda Global Ventures Holdings Bhd (FGV), Media Prime Bhd, Utusan Melayu (M) Bhd, KUB Malaysia Bhd and Destini Bhd may come into play in the run up to the elections. Except for Destini, which is majority owned by Datuk Rozabil Abdul Rahman, the other companies are in someway or other linked to politics.

In the past, companies that were owned by individuals and land lucrative construction contracts used to be “tagged” as politically linked.

Among them were the likes such as Renong Bhd, Malaysian Resources Corp Bhd and United Engineers (M) Bhd. However, government-linked funds such as Khazanah Nasional and government-linked investment funds have taken over these companies in the aftermath of the 1998 financial crisis. For instance, the Employees Provident Fund (EPF) is the major shareholder of MRCB, which is managed by Tan Sri Mohamed Salim Fateh Din, who is the second largest shareholder.

In 2005, the government announced a massive programme to rejuvenate the government-linked companies and it was headed by Khazanah. Since then, the number of beneficiaries from general election, deemed as “election stocks” has diminished.

“Since 2004 general election, there are very few stocks that can be seen as potential beneficiaries ahead of the general election,” says an analyst.

Analysts, however, believes that based on historical trends, there are trading opportunities in a pre-general election rally.

“The relationship between politics and the stock market is a bit complex but positively reinforcing,” an analyst says.

Below we look at five stocks that are seen as beneficiaries in the run up to the general election because of the political undertones linked to the counters.

Felda Global Ventures Bhd

The world’s largest crude palm oil producer, Felda Global Ventures Holdings Bhd (FGV), has always been perceived as an important political cog to the government.

The reason being FGV is synonymous with settlers in the rural areas which are the stronghold of Umno and Barisan Nasional.

It has been reported that as many as 54 parliamentary constituencies are dominated by Felda settlers and are strongholds of Barisan Nasional, thus making FGV an important company to the government.



In May 2012, the Prime Minister announced that 112,635 settler families would be getting a windfall of RM1.689bil, or RM15,000 for each family.

FGV is facing problem with its matured lands and aging palm trees that see the company’s profits drop and the fact that the share price has yet to regain any of its listing lustre.

FGV’s initial public offering (IPO) in 2012 was the second largest in the world after Facebook and was timed just before the 13th general election in May 2013. Since its listing, FGV shares have fallen more than 60% to RM1.68 from its IPO reference price of RM4.55.

And most recently, the EPF has ceased to be a shareholder of FGV. There were also some issues with the company’s corporate governance practices.

Nonetheless, the group’s new chief executive officer Datuk Zakaria Arshad had said that the worst days for its palm oil business were over, and that the group was looking to lower its cost.

Zakaria said the group’s strategy would revolve around three main thrusts – business rationalisation to make the organisation leaner, drive for operational excellence and selective external growth – all to be executed under uncompromising governance and transparency standards.

In 2015, FGV proposed to acquire a block in Eagle High Plantations from Indonesia’s Rajawali Group. However, when Zakaria took over the helm of FGV, he stated clearly that FGV would not proceed with the deal.

In the latest development, Tan Sri Shahrir Samad, a seasoned politician, has been appointed as chairman of the Federal Land Development Authority (Felda), which is the major shareholder of FGV. He replaces Tan Sri Isa Samad, who remains chairman of FGV.


Utusan Melayu (M) Bhd

Currently, political parties and politicians hold few direct stakes in Utusan Melayu, which is 49.77% owned by Umno.

Historically, the Umno directly-owned newspaper publisher has saw its share price shot up during the run up to the election.

In 2013, Utusan share price went up by 8.54% to 63.5 sen on May 3, the last trading day before polling day on May 5. Post-election, its shares shot up to 75 sen, up 18% between May 3 and May 22, 2013.



Utusan’s status as a penny stock, too, could make it a prime target for speculators and market punters. Its share price closed at 41 sen yesterday.

In the third quarter ended Sept 30, 2016, Utusan posted a net loss of RM17.57mil, or 15.87 sen loss per share on revenue of RM57.87mil.

Based on past trends, general elections would boost advertisement expenditure of media companies.

“When there is a general election, there is always an increase in circulation, readership and viewership,” an analyst says.

Even though Utusan is making losses, it is likely to be a subject of investor interest as many hold the view that the shareholders would not allow the company to go down.


Media Prima Bhd

It easily dominates the free-to-air television segment of the media industry and certain to be a beneficiary of general election.

Media Prima controls several television networks, newspapers and radio stations and has politically linked shareholders. The EPF has a 13.22% stake in Media Prima while Amanah Raya Bhd has 11.09%.

In 2013, the media company saw its share price went up post-election. Its share price rose 11.8% to RM1.99 a day after the election and subsequently, rose to RM2.44 on May 28, 2013.



The run-up, however, did not last. Although its share price has come down substantially, Media Prima remains attractive with its relatively high dividend yield of about 9%. Media Prima was last traded at RM1.02.

Media Prima slipped into the red in the third quarter ended Sept 30, 2016. The company posted a net loss of RM109.35mil on revenue of RM316.76mil.

However, considering its dominance in the free-to-air media segment, it would certainly gain because of the increase demand for advertisements.


KUB Malaysia Bhd

A diversified government-linked company, KUB is one stock that has remained range bound in its trading during the past general election. Its shares rose 11.3% to 39.5 sen a day after polling in 2013 but has remained subdued since then.

KUB may be better known as a bumiputra-controlled co-operative known as Koperasi Usaha Bersatu Malaysia Bhd. Back in the day, it engineered the reverse takeover of Permodalan Perak Bhd and subsequently listed on Bursa Malaysia in 1997 as KUB.

It is now 29.62% owned by Gaya Edisi Sdn Bhd and 22.52% by the Finance Ministry.




The company underwent massive kitchen-sinking and restructuring exercise last year. It is focusing on strengthening and expanding its three core businesses of energy, plantations and information and communications technology.

KUB used to be a favoured proxy in the run up to the general election in the past. However, its allure has diminished in recent years.


Destini Bhd

The company, which is involved in a wide range of activities from defence contracts to manufactuturing of rail equipment and provision of services for the oil and gas industry, is viewed as having links with Umno.

The largest shareholder is Datuk Rozabil Abdul Rahman with a 24.18% stake while the second-largest shareholder is Aromas Teraju Sdn Bhd, a company owned by the Ministry of Finance Inc.The company generally depends on contracts from the government in relation to the defence industry. It also provides aircraft maintenance, repair and overhaul (MRO) services.

It has also branched out into the oil and gas sector via the acquisition of Samudra Oil Services Sdn Bhd from Kejuruteraan Samudra Timur Bhd.



In June last year, Destini made a breakthrough in the provision of maintenance and repair works for the rail industry. Its subsidiary secured a RM62mil contract from the Transport Minstry to design, manufacture, supply, delivery, testing and commissioning of a new motor trolley and a new road rail vehicle for Keretapi Tanah Melayu Bhd.

Rozabil had said that leveraging on the group’s expertise in the aviation and marine sector, the group had set its sights on the rail sector and would be bidding for more maintenance repair and overhaul (MRO) works in the rail sector.

Last month, Destini secured a contract extension to provide MRO services and the supply of safety and survival-related equipment for the Royal Malaysian Air Force for RM98.2mil.

Destini was last traded at 66.5 sen.

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Re: TIME TO INVEST IN BURSA ??
« Reply #132 on: January 10, 2017, 06:38:45 AM »



Monday, 9 January 2017 | MYT 8:57 PM
PNB expects Bursa Malaysia to stabilise this year






 Wahid says earnings of Malaysian corporates are expected to improve this year.
Wahid says earnings of Malaysian corporates are expected to improve this year.
 
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) foresees Bursa Malaysia stabilising in 2017 as earnings of Malaysian corporates are set to improve, said group chairman Tan Sri Abdul Wahid Omar.

“Earnings of Malaysian corporates are expected to improve this year and likewise the overall valuation is hopefully better.

“The returns of stocks in the local bourse were challenging in 2016 as it was the third consecutive year to end with negative returns of -3.0%,” he told reporters after AmBank Group’s appointment as an agent to distribute Amanah Saham Nasional Bhd (ASNB) products in Kuala Lumpur on Monday.

On PNB’s overseas investments, Abdul Wahid said, it accounted for just 2% of its total portfolio.

“At the right time, it will increase but the bulk of the investments will still be in Malaysia,” he said.

On Monday AmBank Group became the eighth official agent to distribute products under ASNB, a subsidiary of PNB.

Its group chairman, Tan Sri Azman Hashim, said the bank’s customers and the public could subscribe to ASNB’s fund units at any AmBank branches and its distribution channels.

“This marks our first collaboration with ASNB and we hope to have more collaborations in the future with PNB and ASNB,” he said.

With AmBank Group’s 175 branches, PNB would be extending its reach through over 2,200 ASNB agent branches nationwide. - Bernama

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Re: TIME TO INVEST IN BURSA ??
« Reply #133 on: January 12, 2017, 06:51:47 AM »



财经  2017年01月11日 | 记者:林嘉灯
2017佈局种植建筑 国能成心头好

告別了黑天鹅乱飞的2016年,迎来了仍有许多变数的2017年。

分析员认为,虽然外围的不明朗情绪將造成市场的动盪,但是,原產品价格重新走高,而大选跫音接近都是让人对新一年重满新希望的乐观因素。

在这样的局势中,应该如何部署投资?分析员普遍看好建筑及种植股,而过去多年来一直受到分析员厚爱的电力股--国家能源(TENAGA,5347,主板贸服股),今年仍是多名分析员的心头好。

2016下半年,英国脱欧(6月24日)和特朗普当选美国总统(11月9日),两个意外的结果,让市场惊慌失措,富时大马综合指数在缺乏正面指引下,创下连续第3年下跌的新纪录。


虽然去年马股动盪较小,为127点,但全年仍下滑50.78点或3%,收报在1641.73点。在区域股市仅次於中国上证股市的差劲表现。

分析员皆认为,综指经歷新一轮跌势后,估值已较其他区域股市便宜。

在迎接新的一年,部份分析员认为,今年不明朗因素將包围马股,来自於外围政治选情不明朗將加剧市场动盪、中国经济放缓、美国加息政策和国內低迷的消费情绪將持续,因此,建议投资者採取较保守的投资策略。

值得一提的是,分析员预期,国內第14届大选或將在今年举行,料提振国內建筑股和媒体股表现,並改善消费情绪,对马股表现有正面影响。

关注商品美元走势

其他利好因素包括原產品价格包括树胶和棕油价格上涨、外资连续3年大暴走后料將放缓撤资步伐以及美元强势,都是今年可参考的投资方向。

综合分析员的看法后发现,得出蓝筹股依然是分析员的心头好。国家能源、金务大(GAMUDA,5398,主板建筑股)和森那美(SIME,4197,主板贸服股)都分別出现在各家投行的心水股名单。

它们的共同点为盈利前景备受看好、有正面消息带动股价和估值被低估。

《东方財经》统计后发现,国家能源、金务大和森那美在过去1年的股价表现均超越综指。

截至1月3日止,国家能源股价涨幅达6.33%、金务大和森那美也分別上扬9.61%和13.69%。

建筑股看涨 金务大最亮眼

建筑股是去年少数跑贏马股的领域,全年共涨3.9%,为全场表现最好的领域。今年市场的焦点仍集中在建筑股。分析员表示,国內大选和中国投资国內基建设施的加持下,料建筑股良好表现將可以持续。

分析员指出,建筑股將延续去年的涨势,因为2017年將有更多大型铁路发展项目合约颁发。

而金务大则是眾望所归,凭藉其发展国內捷运建设的经验,料为新一轮铁路建设合约的潜在贏家。

联昌国际投行分析员指出,在第11大马计划下,將有总值达2120亿令吉的建筑项目,而其中高达82%与铁路建设有关。同时,该分析员也认为,大选因素也將刺激建筑合约的颁发,料按年成长17%,至1410亿令吉。预期金务大是总值400亿令吉捷运第3路线的有力竞爭者。

与此同时,马银行投行分析员表示,大型基建设施包括捷运第2路线、轻快铁第3路线、泛婆罗洲大道的工程陆续在今年颁发外,中国倡导的「一带一路」下的东海岸大道和潜在隆新高铁项目都是刺激建筑股的催化剂。

该分析员的首选股是金务大,主要看好它在建设铁路的经验有助於获得更多大型铁路工程。

分析员认为,金务大的盈利將隨著捷运第2路线展开有所改善,出售雪河水供公司(SPLASH)也將是带动起股价的利好因素。

大眾投行分析员表示,隨著捷运第2路线和泛婆罗洲大道等大型基建项目的展开,將改善建筑业的盈利能见度,因此,將建筑领域的评级调高为「超越大市」。

怡保工程同乐

该分析员认为,目前国內建筑股的估值合理,预期国內的基建工程將如火如荼展开,金务大和怡保工程(IJM,3336,主板建筑股)將是最大的受惠者。

因此將金务大的评级调高至「超越大市」,目標价为5.20令吉。

马银行投行分析员认同,金务大认列捷运第2路线的建筑工程收入和大道特许经营权的贡献提高,將抵消房產收入减少。

而僵持许久的雪河水供公司(SPLASH)股权脱售进展,分析员认为,一旦完成出售活动,料改善金务大的债务,因此,该分析员给予该股「买进」投资评级和目標价5.55令吉。

3优势加持 分析员喊买国能

国家能源是各家投行的「心水股」並不是什么新鲜事,其盈利能见度高、良好派息和估值便宜是获选的主因。

联昌国际投行分析员指出,国家能源的估值是它们所追踪的大型能源股中最便宜的股项、优渥的週息率达4%、集团积极拓展海外市场和建立新发电厂,都是支撑其盈利成长的利好因素。因此给予该股「买进」投资评级和16.80令吉的目標价。

与此同时,大眾投行分析员和MIDF研究分析员纷纷看好该公司在成本转嫁机制(ICPT)实施后將加强其盈利能见度。在煤炭成本上涨后政府允许业者转嫁成本给消费者。另外,能源需求的增长,也是市场看好国家能源的主要原因。

另外,MIDF研究分析员也认为,国家能源解决和內陆税收局20亿令吉的纠纷后,利好效应將反映在也是未来12个月股价表现。

MIDF分析员给予该股「买进」投资评级和16.80令吉的目標价;而大眾投行则给予该股「超越大市」投资评级和16.16令吉的目標价。

2大利好提振 森那美看高一线

今年的另一投资亮点是种植股,分析员认为,种植股有利好因素带动,包括美元强势、棕油库存进一步减少、美国调高採用生物柴油比例和鲜果串成长。

MIDF研究分析员表示,「厄尔尼诺」气候影响棕油库存减少料持续至今年首季,预期棕油库存將跌破150万公吨。

而美国对生物柴油需求將隨著政府规定今年达到192亿8000万加仑而有所提高,都是分析员看好原棕油价格上扬的因素。该分析员调高今年原棕油平均价格至每公吨2725令吉,並维持该领域正面评级。

森那美是大部份分析员推崇的种植股。他们看好森那美受惠於棕油需求上升將带动原棕油价格外,也考量该公司將旗下业务分拆上市將提振股价表现。

大眾投行分析员也预期,森那美种植和汽车业务的贡献增加將改善盈利表现。

他们认为,中国需求增加和库存吃紧,预期原棕油价格在上半年將上探至每公吨2800至3000令吉。同时给予该股「跑贏大市」评级,目標价为9.30令吉。

联昌国际分析员也认同,森那美通过分拆上市,原棕油价格將上涨將带动股价表现。

另外,分析员认为它的股价还有上涨空间,因此,给予该股「增持」投资评级和目標价9.43令吉

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Re: TIME TO INVEST IN BURSA ??
« Reply #134 on: January 13, 2017, 06:02:22 PM »





How I grew my capital from 30k to 3 million in 10 years from Bursa Malaysia

Author: ILoveDividend   |   Publish Date: 12 Jan 2017, 2:40 PM



While many like to share how success they are, I would like to start my sharing with my worst experience in my 10 years investment journey. I started my investment life (actually it was a trading life) in 2007 during the market peak just before the crisis 2008.

I was born from a poor family and grew up from a small village and I know nothing about stock until I graduated from university and found my first job.

My first job was a software engineer and my manager was a very successfully business man. He is the man who opened my eye to stock trading world. It was a fantastic experience at the beginning and he claimed that we made more than 1 million from stock trading when he was studying in university. When the time he became my manager, he was a very successfully investor and business man.

I followed his guideline and start trading in Bursa Malaysia in 2007. The market was so active and hot during that time and we could see there are few counters jump more than 10% almost every day. Indeed, it was really fun.

I started my stock trading with just 15k and this was basically all the money I had and the money in my saving account was just nice enough to cover my life expenses. In Chinese word, I “sai lang” all my money into stock market. This wasn’t the worst part, I love my family very much and I thought I was very smart and found the key to success in stock market. Therefore, I asked my family to join me and borrowed another 15k from my father so my capital increased to 30k during the peak.

The tragedy started when the market crash in 2008. My major holding was Parkson during the crisis and my entry price was about RM8. I cut all my holding around RM4 and I suffered for 50% loss.



(Note: The stock price above was adjusted by dividend and other entitlement news.)

Source: http://www.~/Stock-Chart.aspx?securitycode=5657

 

What happened after the crisis?

My family’s capital that invested to me suffered for 50% loss.
My own capital 30k (my own money 15k plus the 15k I borrowed from my dad) suffered for 50% loss.
I have absolutely no idea how should I face and explain this to my family during the tragedy. No one will listen to you when you lose 50% of people’s hard earn money. During this bad day, only 2 persons who never blame me and still supporting me until now and they are my mother and my girl friend (now she has become my wife).

Lesson learned:

I will never help other to invest again except for my parent as I still wish I can help them to grow their money.
Cut loss is very important.
Never borrow money to invest.
One should start and learn the stock investment with small capital as it is most likely you will burn your money before you can earn money from stock investment.
 

When I looked back now, I am glad that I started with a small capital and I’m happy that I am still survivingJ.

Stayed tune for my next chapter – how I recovered all my losses.

Check out my blog for update - http://www.~/Blog/Blogger.aspx?bid=1

 




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Re: TIME TO INVEST IN BURSA ??
« Reply #135 on: January 13, 2017, 06:22:07 PM »
Why lar tell this story now???!!! This story keep for camping time in the jungle only tell ma!!!!! More kancheong and scary than Bigfoot tale!!!!!!

I need a smore now....n some marshmallow to Bbb over campfire...while waiting for chapter 2..... :P





How I grew my capital from 30k to 3 million in 10 years from Bursa Malaysia

Author: ILoveDividend   |   Publish Date: 12 Jan 2017, 2:40 PM



While many like to share how success they are, I would like to start my sharing with my worst experience in my 10 years investment journey. I started my investment life (actually it was a trading life) in 2007 during the market peak just before the crisis 2008.

I was born from a poor family and grew up from a small village and I know nothing about stock until I graduated from university and found my first job.

My first job was a software engineer and my manager was a very successfully business man. He is the man who opened my eye to stock trading world. It was a fantastic experience at the beginning and he claimed that we made more than 1 million from stock trading when he was studying in university. When the time he became my manager, he was a very successfully investor and business man.

I followed his guideline and start trading in Bursa Malaysia in 2007. The market was so active and hot during that time and we could see there are few counters jump more than 10% almost every day. Indeed, it was really fun.

I started my stock trading with just 15k and this was basically all the money I had and the money in my saving account was just nice enough to cover my life expenses. In Chinese word, I “sai lang” all my money into stock market. This wasn’t the worst part, I love my family very much and I thought I was very smart and found the key to success in stock market. Therefore, I asked my family to join me and borrowed another 15k from my father so my capital increased to 30k during the peak.

The tragedy started when the market crash in 2008. My major holding was Parkson during the crisis and my entry price was about RM8. I cut all my holding around RM4 and I suffered for 50% loss.



(Note: The stock price above was adjusted by dividend and other entitlement news.)

Source: http://www.~/Stock-Chart.aspx?securitycode=5657

 

What happened after the crisis?

My family’s capital that invested to me suffered for 50% loss.
My own capital 30k (my own money 15k plus the 15k I borrowed from my dad) suffered for 50% loss.
I have absolutely no idea how should I face and explain this to my family during the tragedy. No one will listen to you when you lose 50% of people’s hard earn money. During this bad day, only 2 persons who never blame me and still supporting me until now and they are my mother and my girl friend (now she has become my wife).

Lesson learned:

I will never help other to invest again except for my parent as I still wish I can help them to grow their money.
Cut loss is very important.
Never borrow money to invest.
One should start and learn the stock investment with small capital as it is most likely you will burn your money before you can earn money from stock investment.
 

When I looked back now, I am glad that I started with a small capital and I’m happy that I am still survivingJ.

Stayed tune for my next chapter – how I recovered all my losses.

Check out my blog for update - http://www.~/Blog/Blogger.aspx?bid=1

 





malimalimaliongongongnotongchefbutishua thuatong

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Re: TIME TO INVEST IN BURSA ??
« Reply #136 on: January 16, 2017, 06:38:43 PM »



2017-01-16 17:19
邓普顿:估值不贵.低马币引外资买马股
富兰克林邓普顿投资(Franklin Templeton Investments)董事经理兼首席投资员史蒂芬多佛认为,马币兑美元连年贬值,已为外资投资马股开启机会之窗。

(图:星洲网)
(吉隆坡16日讯)富兰克林邓普顿投资(Franklin Templeton Investments)董事经理兼首席投资员史蒂芬多佛认为,马币兑美元连年贬值,已为外资投资马股开启机会之窗。

广告

 
他在媒体汇报会上表示,马币兑美元走势震荡,但这主要是市场并未反映大马经济稳健增长的基本面,以及投资者过度忧虑美国升息,甚至是大马经济高度仰赖原产品感到忧心。

“我认为外资并不了解情况,大马对原产品的依赖已大减,跨太平洋伙伴合作协议(TPPA)的取消纵然会对大马贸易带来负面影响,但市场却放大特朗普贸易政策潜在带来的负面贸易冲击,而忽略了大马稳健的内需表现。”

不过,史蒂芬多佛认为,市场可能很快对特定国家转念,因此单以货币角度来看,这已为外资提供进场的机会。

“以2007年1月至2016年12月数据来看,马股现有股价账面值为1.6倍,低于历史平均的2.1倍,甚至是标准差负1的1.8倍,总体估值并不昂贵,这为外资提供入市的机会。”

大马应对金融危机能力更好

他解释,近期机构投资者开始对新兴东盟市场感到兴趣,而大马也名列其中,虽然大马在新兴市场指数的比重不断减少,但大马在应对金融危机的能力和经验比其他新兴市场更好。



奶茶风暴 Chatime收回大马代理权

广告

 
“与其他新兴市场相比,大马是更成熟的市场。”

另一方面,史蒂芬多佛认为,外资过度“减码”新兴市场资产,现仅占投资组合的5至11%比重,相信市场对新兴市场资产的风险胃纳已经改善,未来料不会进一步减码。

“目前,外资投资新兴市场的趋势已开始出现逆转迹象,加上新兴市场盈利增长比发达市场为强,但估值却相对较低,而盈利进一步增长将再拉低估值水平,我相信这时投资者将开始入场。”

更重要的是,新兴市场已不再是高度仰赖出口和原产品的市场。他说,原产品在2008年占新兴市场指数比重近半,但现已减少至15%,重要性开始遭科技和消费类股取代,情况已大为不同。

广告

看好新兴市场中小资本股潜力

其中,史蒂芬多佛特别看好新兴市场中小资本股潜力,他认为,新兴市场股市往往由大资本股主导,并未充份反映中小资本股潜能。

“以震荡和风险程度来看,过去10年小资本股表现都好过大资本股,同时新兴市场中小资本指数在过去3年平均回酬达21%,跑赢新兴市场指数的13%。”

以长期来看,富兰克林邓普顿投资看好新兴市场消费类股,主要考量区域人口增长2%,以及区域经济开始朝内需转型。

贬势已大
美升息不打击新兴货币

市场憧憬联邦储备局今年将加快升息脚步,拖累新兴市场货币贬势不止,史蒂芬多佛认为,美国利率政策与新兴市场货币走势传统关联性不大,加上新兴市场货币贬势已大,将大大抑制货币进一步走贬风险。

“传统上,高通膨引起的升息动作,会导致货币贬值,但如果美国因经济走好升息,这理应对新兴市场也有好处,因此我并不认为美国升息将伤及新兴市场。”

他补充,美国公开市场委员会(FOMC)在过去也曾高估升息进程,因此除非通膨显著升温,否则升息脚步料不会过于激进。

“新兴市场已为美国升息前景所苦,货币水平已贬至风暴水平,但大马等国家并未陷入风暴,在良好基本面支撑下,未来货币进一步走贬风险较低。”

他认为,过去几年市场剧烈震荡,主要是经济未有独靠货币政策支撑的先例,但随着未来经济政策将从货币转向财政拉动,相信这将大大降低市场的震荡。

贸易“自由”转“公平”
特朗普政策更亲商

询及美国候任总统特朗普上台对新兴市场打击,他认为,特朗普的政策很明显的不一致,但不代表一定会对市场带来负面冲击。

他说,特朗普内阁成员累积商业经验超过300年,比奥巴马政府的18年来得高,显示出政策将更为亲商,而其贸易政策将从“自由”转向“公平”贸易为主,因此可能对中国或墨西哥等高贸易赤字的国家祭出贸易壁垒。

“同时,税制改革将使得公司变得更有效率,同时现有税制对进口商更为有利,税制改革也将推动出口,促进经济增长。”

他解释,监管政策松绑也有利银行向中小企业放贷,以及基础建设的投放,这都将拉动美国经济增长。如果美国经济加快增长,这是大马等新兴市场何尝不是件好事。

文章来源:
星洲日报‧财经‧2017.01.16

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Re: TIME TO INVEST IN BURSA ??
« Reply #137 on: January 20, 2017, 06:56:36 AM »



财经  2017年01月19日
企业盈利落后 外资不青睞马股

(吉隆坡19日讯)步入2017年,隨著全球通胀升温和经济升温,渣打银行財富部投资和產品管理主管詹尊兴指出,这將有利于股票市场表现;不过,在「再通胀」的环境中,投资者更倾向于追求盈利成长,但大马股市的企业盈利成长落后其他市场,如美国、印度和印尼。

詹尊兴表示,马股虽然抗跌性强,並提供较高的週息率,可是马股的企业盈利表现却落后其他市场,特別是「再通胀」的环境,投资者將倾向于追求盈利成长。

他解释说,富时大马综合指数是由银行和公共实业领域主导,而这些大型股的盈利成长有限,因此与其他国家的股市相比,基金经理认为,大马的综指缺乏吸引力,所以较为不受青睞。

他在今天出席渣打银行主办的2017年全球投资展望匯报会后,向媒体如此表示。


其他出席者,包括渣打银行大马財富部门主管兼董事经理帕拉末,以及渣打银行固定收益、外匯和原產品投资策略主管曼彼特。

大选或引发动盪

针对外资如何看待大马第14届全国大选对股市的影响时,詹尊兴认为,大选將带来更多的动盪,但大选因素不是投资者关注的重点。

在过往並没有確实的数据证明,在大选前后,外资是否积极加码或减持马股。

另外,曼彼特在匯报会上指出,在全球通胀升温和经济成长带动下,全球股市在今年的展望较乐观。而美国和日本是他较看好的市场。

美股后市看好

「在预期公司盈利復甦带动下,我更看好美国股市的发展。」

他表示,特朗普当选总统有利于该国的经济表现,包括他降低企业税和带动当地製造业復甦的政策,都是支撑美国企业盈利成长的主因。

另一方面,展望令吉匯率,曼彼特表示,外围因素仍將主导令吉匯率走势,预估令吉兑美元匯率在年底將处于4.4令吉兑1美元。

「不过,若美国通胀水平上涨超过预期,料將导致令吉匯率进一步受压。」

他不排除美联储局將调高加息预期,从2次调高至3或4次,进而导致外资流出新兴市场。

油价方面,曼彼特预期在供给差距收窄,今年国际油价料將稳步上扬至每桶60至65美元之间,这將有利于大马经济。

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Re: TIME TO INVEST IN BURSA ??
« Reply #138 on: January 21, 2017, 03:09:46 PM »



2017-01-21 09:27
周转率VS波动性·马股机不可失
外围地缘政治的不明朗因素料导致大马股市短期走势横摆,投资者要如何取得回酬?分析员在评估股票周转率(流动性)和股价波动性后,认为本地股市仍充满投资机会,可从市场走势、国内外新闻消息中攫取回酬和保住组合价值。
(吉隆坡20日讯)外围地缘政治的不明朗因素料导致大马股市短期走势横摆,投资者要如何取得回酬?分析员在评估股票周转率(流动性)和股价波动性后,认为本地股市仍充满投资机会,可从市场走势、国内外新闻消息中攫取回酬和保住组合价值。

广告

MIDF研究表示,特朗普当选美国总统、英国脱欧和中国经济转型,为市场投下了巨大变数。外围风险主宰了马币动向、出口需求和进口商品的成本。最快要到第二季,外围因素才有望进一步明朗。

企业盈利成长具挑战

同时,近期内市场表现平平,不适宜采取买进和守住策略。企业盈利成长短期面对挑战,上市公司可能暂缓派发慷慨股息,以等待直至今年后期局势明朗化。

由于投资组合回酬面对挑战,MIDF建议根据两大衡量标准来采取短线交易策略。其一是周转率(Velocity):即股票成交值对市值比率,以衡量股票流动性。其二是波动性(Volatility):即股价走势的波动性。

4象限

MIDF以2016年11和12月上市公司的周转率和波动性,设定4个象限做出交易策略。



Chatime收回代理权 大马公司报警

广告

象限1:低周转率+高波动性=机会主义者

此象限是指低交投但股价高度波动的股项,这包括柏威年产业信托(PAVREIT,5212,主板产业投资信托组)、马星集团(MAHSING,8583,主板产业组)、怡保种植(IJMPLNT,2216,主板种植组)、睦兴旺工程(MUHIBAH,5703,主板建筑组)和吉运速递(GDEX,0078,主板贸服组)。

上述股项都适宜纳入组合中,但由于流动性偏低,投资者必须监测市场走势,等候买进时机。一个例子是不理性的沽售者寻求快速出场,以低价售股,这时就是最佳买进机会。

象限2:低周转率+低波动性=买进和守住

广告

在此象限内的股价成交量和股价波动偏低,这包括数码网络(DIGI,6947,主板基建计划组)、雀巢(NESTLE,4707,主板消费品组)、发马(PHARMA,7081,主板贸服组)和IOI集团(IOICORP,1961,主板种植组)。

MIDF建议买进和守住这类股项,包括派高股息、强劲策略股东和成长潜能的公司。低周转率可能由于股权集中和低公开流通量,因此一旦市场悲观和疲软,将带来增持的机会,同时也具有抗跌性质。

象限3:高周转率+低波动性=子弹

此象限的股项包括国家能源(TENAGA,5347,主板贸服组)、顶级手套(TOPGLOV,7113,主板工业产品组)、TUNE保障(TUNEPRO,5230,主板金融组)和世霸龙控股(SUPERLN,7235,主板工业产品组)。

MID建议使此此象限的股项为“子弹”或资金以执行“机会主义者”的交易策略,即可售出前一象限的股票以取得资金来收购后一个象限的股票,反之亦然,由于具较高周转率和低股价波动性,投资者仍能以较合理价格买回有关股项。

象限4:高周转率+高波动性=短线交易

此象限的股项交投炽热和股价大幅波动,包括亚洲航空(AIRASIA,5099,主板贸服组)、MYEG服务(MYEG,0138,主板贸服组)和亚航X(AAX,5238,主板贸服组)。

MIDF建议采取短线交易策略,因具流动性和消息不断出炉,因此提供了高卖低买的交易机会,以在综指表现平平之际取得回酬。

文章来源:
星洲日报·财经·报道:李勇坚·2017.01.20

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Re: TIME TO INVEST IN BURSA ??
« Reply #139 on: January 24, 2017, 08:51:17 AM »



外汇储备续萎缩
外资恐再卖政府债券
263点看 2017年1月23日
(吉隆坡23日讯)外汇储备持续萎缩,经济学家指出,将谨慎关注外资接下来对手上所持大马政府债券(MGS)期满后的部署。

马银行投行经济学家指出,我国外汇储备在1月上半月持续减少,可能推动外资持续撤离国内债券市场。


“目前关键在于外资在大马政府债券期满后的动向。”

大马政府债券将于今年2月15日到期,总值88亿令吉;另外3月15日还有一批总值105亿令吉政府债券到期。”

因此该经济学家关注,外资是否在债券期满,赎回投资资金后,把再投资在国内债券市场,还是把资金调回国内。

国家银行早前宣布,我国截至1月13日的外汇储备小幅滑落3亿美元,或0.3%,报943亿美元,相等于是4229亿令吉,足以应付8.7个月的进口,和1.3倍的短期外债。

回顾12月31日,当时,外汇储备企于946亿美元,相等于4242亿令吉,不仅比半个月前的964亿美元少1.87%,也比去年杪的953亿美元低。

 

海外资金或回流

经济学家认为,外汇储备减少,也反映出外资流出。

“外资也在大马债券市场,去年12月净卖出高达54亿令吉,而在11月为净卖出199亿令吉。”

他补充,虽然马股的外资,从上个月净卖10亿令吉,转为本月至今净买4亿令吉;但在债券市场内的外资行为,未必与马股步伐一致。

不过该经济学家认为,官联投资机构的脱售资产活动,料提升外汇储备表现。

“国民投资机构计划脱售本地和区域内的资产,而国库控股也在近期,将在去年1月12日入股的旅游搜寻网站Skyscanner,以17.5亿美元(亿令吉)脱售给上海网络经营者Ctrip.com。”

虽然两者没有说明,脱售活动所得的资金是否用于再投资或回流至我国。

但马银行投行经济学家预测,若该些公司选择后者,将扶持我国外汇储备、岸内外汇市场游资表现,及令吉汇率表现。



农历新年后交投看涨

虽然外资在马股于上周转为净卖,外资本周会否重回到我国市场仍有待观察,但分析员预测,农历新年后市场表现料提升。

MIDF研究分析员指出,基于市场资金流动,预计马股农历新年后,成交表现料提升。

根据该行分析报告,续两周净买我国股市后,外资在上周转为净卖出1亿4300万令吉,但

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Re: TIME TO INVEST IN BURSA ??
« Reply #140 on: January 25, 2017, 07:11:07 AM »



Election speculation, digital economy 'major catalysts' for Malaysian markets this year
Posted on 25 January 2017 - 05:40am
Eva Yeong
sunbiz@thesundaily.com
Print
KUALA LUMPUR: The big catalysts for the Malaysian markets this year are the expectations of an election and the digital economy, Affin Hwang Investment Bank Bhd senior associate director and head of retail research Datuk Dr Mohd Nazri Khan Adam Khan said yesterday.

“2017 is going to be a very important year. The perception among investors is that there might be election this year. That we leave it to the government to decide but I think looking at what we call the Barisan-linked stocks, there are big chances that we might see an election play. This is likely to be a great catalyst for the wealth effect in Malaysia,” he said at the 19th Malaysia Strategic Outlook Conference 2017.

Nazri Khan said most investors are expecting a general election in the second half of this year and, if it happens, it will be a big catalyst, especially for stock market investment, to create a positive wealth effect for the economy in Malaysia.

“One more is digital economy, which has come at the right time. Although not towards the US but more on China. I expect a lot of Chinese giant tech companies to come here to boost Malaysia’s internet economy, especially with Jack Ma as adviser to the government,” he added.

Although details on a digital free zone are scant, Nazri Khan believes that it will attract digital entrepreneurs to Malaysia.

On whether Malaysia will survive “Trumponomics”, which includes big spending on infrastructure in the US and deregulation in the finance sector, Nazri Khan said this will have some impact on Malaysia’s trade and investment policy.

“Initially there might be a lot of uncertainties, for example, dismantling of open trade, but I’m sure it is not game over for Malaysia. I believe there might be bilateral trade negotiations between Malaysia and the US and we need to capitalise on that,” he said, adding that Islamic finance is an area that can be developed further bilaterially.

“We are awaiting more details on his policies. We see a lot of rhetorics but we don’t see much on policy details. Largely we know there will be huge infrastructure spending, deregulation. Of course, we will see a lot of tax cuts given to multinationals to bring back dollars to the US,” he added.

His year-end target for the FBM KLCI is 1,760 points while the ringgit is expected to trade at around 4.10 against the US dollar.

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Re: TIME TO INVEST IN BURSA ??
« Reply #141 on: January 25, 2017, 07:17:17 AM »
 :D :D :D...........time to wake up early and morlingku morlingku until $ONG!!! :thumbsup: :clap: :clap: :clap: :cash: :cash: :cash:



 :D :D :D

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Re: TIME TO INVEST IN BURSA ??
« Reply #142 on: January 26, 2017, 06:48:29 AM »



Biggest investment risk is having no risk at all: Eastspring
Posted on 26 January 2017 - 05:37am
Ee Ann Nee
sunbiz@thesundaily.com
Print
KUALA LUMPUR: The biggest investment risk for 2017 is having no risk in your portfolio, according to Eastspring Investments.

Eastspring Investments (Singapore) Ltd global strategist Robert Rountree said the move to higher risk started in early 2016 and the “jog to risk” turned into a “rush to risk” by year-end, and this move towards more risk and equities seems set to accelerate into 2017.

He said the wide yield gap is finally working in equities’ favour and equities look attractive vis-a-vis bonds.

“The huge switch for the last four to five years from bonds to equities is starting,” he told a press conference after presenting the 2017 market outlook here yesterday.

“There’s still a good story for bonds but it’s at the higher end (more risks). Whether you like it or not, you’re forced to taking on more risks, so why not go into equities, which give you the risks and the returns,” said Rountree.

He said Malaysian equity market is “sailing through the middle” as yield is attractive, but there are better yields from others out there, such as Japan, eurozone, global high-dividend equities, Asian (excluding Japanese) equities and emerging market equities.

“It (Malaysian equities) has always been a good story for years but it’s living in a world of great stories,” quipped Rountree.

He said the ringgit is arguably a cheap currency and investors remain wary, citing “confidence issues”.

Eastspring Investments Bhd chief investment officer Rudie Chan said the ringgit continued to be pressured by US interest rate increases but noted that this has been partially priced in.

“The ringgit has priced in weakness on what has been negative such as crude oil prices and US rate hikes, so hopefully the only way is up,” said Chan.

A sustainable rally in soft commodities together with Bank Negara Malaysia’s measures should help relieve the pressure on the currency, he added.

Chan expects a volatile year ahead with limited catalysts to re-rate the Malaysian stock market but trading opportunities will be available.

After three years of subdued performance for the Malaysian market, valuations are looking more attractive. Ample domestic liquidity is likely to continue to provide support to the market.

“This year we’re constructively more positive on the market, because we’ve priced in the weakness. The macro picture looks more promising this year,” Chan said.

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Re: TIME TO INVEST IN BURSA ??
« Reply #143 on: January 27, 2017, 07:11:28 AM »



财经  2017年01月26日 | 记者:纪锋佑
道指衝破2万点 鸡年马股掀小牛市

393
道指衝破2万点 鸡年马股掀小牛市
档案照

(吉隆坡26日讯)猴年与鸡年交替之际,美国捎来佳音,道琼斯工业指数衝上2万点,创下新高水平,为市场平添一丝欢愉的情绪,市场人士也普遍相信,对股市而言,火鸡年將会是更好的一年。

回顾猴年的表现,虽然马股面对眾多不利的国內外因素衝击,但全年依然起29.76点或1.79%。展望即將来临的鸡年,市场人士普遍认为,受大选,大宗商品价格回稳及特朗普因素的带动,马股將有一波涨潮!

马股在猴年最后第2个交易日收报1692.22点,相比羊年闭市的1662.46点,涨幅达1.79%。

纵观整个猴年,可谓好坏参半,令吉进一步跌深,惟大宗商品价格已见復甦,双油(原油及棕油)价格回稳,点燃油气及种植领域的朝气。


有望重返1750点

英特太平洋证券研究主管冯廷秀接受《东方財经》访问时表示,受特朗普的经济政策提振,今年鸡年將更好,大马股市有望在今年中旬到达1750点的水平。

辉立资本首席投资员洪国兴也指出,以往当令吉急挫,连带股市也会大跌,然而猴年全年股市依然微涨,並未跟隨令吉疲软的走势,让人感到庆幸。

抽佣经纪陈玉麟指,富时综指已突破他所设下的1680点阻力水平,眼看今年要进一步上探1750点,甚至1800点水平,都不是问题。



另一名抽佣经纪卢文豪则认为,去年低油价及弱令吉已经反映在市场上,因此今年的股市料不会太差,除非有罕见事件发生。

特朗普近期宣布的政策,短期看似激励了市场情绪,但这样的情况是否可以持久?

冯廷秀认为,市场在6至9个月后,將会验证特朗普经济政策的实际效应,他个人不看好这些政策可行,也预期股市届时可能迎来一波调整。因此,他预计今年第3季之后,股市表现將不会如上半年般耀眼。

而洪国兴也持保守的看法,他认为,「今年的股市將难以预测,如今特朗普的一句话將能扭转局势,就算股市短期看到些许牛气,但明天一觉醒来,特朗普若宣布,其他损害大马经济的政策,这一切都可能改变。」

然而,基於特朗普將美国的公司关税从35%减低至15%,美国公司將会有额外的20%盈利空间,洪国兴预测美国的道琼斯指数在突破2万点后,还有20%的上涨空间。

不过,洪国兴认为,中国已取代美国成为大马最大的贸易出口国,因此,大马股市日后受中国股市的影响会更显著。

陈玉麟也提醒,目前的涨势恐是个曇花一现的小牛市,大选预期可能是推动这波涨幅的原因,他也担心,明年(2018年)將迎来10年一轮的经济风暴10年魔咒。

对於今年可投资的股项,市场人士一致认为出口导向股、油气领域股和基建股都值得关注。

看好基建出口股

冯廷秀表示,虽然特朗普的保护主义將损害大马出口股的利益,惟大马出口股目前涨势未歇。这代表市场只反映特朗普所提倡的政策的利好,却忽略其政策所带来的利空。

另外,他也指出,「在油价、大宗商品价格復甦的当儿,大马的油气股、种植股都是值得被关注的,惟必须留意个別公司的基本面如成长潜能、现金流、负债比率等。只要投资基本面强稳的股项,投资者还是可採取长期投资並守住;若投资於基本面不强的股项,我建议投资者採取短线交易策略。」

他预期油价走势將缓步攀升,惟这主要是取决於全球市场对原油的供应及需求。

洪国兴也看好大马出口导向股及基建股,並认为只要令吉维持在4.2令吉兑1美元的水平以上,出口股仍可获得更多订单。

「我认为令吉已被低估,令吉的基本面依然良好,惟投资者对令吉的投资情绪疲软。」

卢文豪则认为,除特定的油气股,投资者还是可关注一些过去因令吉贬值而受冷落的股项。

「汽车领域之前因令吉贬值而备受冷落。这类型股项对令吉及油价的价格更敏感,而一旦令吉走强,这类股项將获益。」

陈玉麟建议3大领域,分別是出口导向股、木材股及油气股。他说,令吉是区域內其中一个表现最差的货幣,相比区域其他国家,大马的出口股还是具有一定的竞爭优势。

「亚洲文件夹(ASIAFLE,7129,主板消费股)及林吉灵集团(CSCENIC,7202,主板消费股)是不错的出口股。另外,木材领域股如亿维雅(HEVEA,5095,主板工业股)及利兴工业(LIIHEN,7089,主板消费股),还有油气股大红花石油(HIBISCS,5199,主板工业股)都是这些领域赚钱能力不错的佼佼者。

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Re: TIME TO INVEST IN BURSA ??
« Reply #144 on: February 04, 2017, 06:18:06 PM »



2017-02-04 10:59
开年稳中走强.综指待攻破1700点
联昌研究认为,富时综指指标显示若能攻克1700点重要心理关口,有望向1750至1835点下道阻力发起攻势。
(吉隆坡3日讯)富时综合指数开年稳中走强,联昌研究认为,富时综指指标显示若能攻克1700点重要心理关口,有望向1750至1835点下道阻力发起攻势。

广告

下道阻力:1750至1835点今日闭市时,综指升11.53点,至1685.01点,距离1700点尚有一小段距离。

联昌研究表示,富时综指走势图显示,指数现已处于重大三角形盘整阶段,因此放眼指数将涨至1750至1835点,但指数需先突破1700点重要心理关口。

“一旦跌穿1614点支持水平,将对富时综指走势带来负面影响。”

但是,尽管富时综指处于三角形盘整阶段,富时小资本指数已逾年处于横摆状态,而每周平均乖离(MACD)和相对强弱指数(RSI)指标呈正面水平,联昌研究预见富时小资本指数可能突破16100点至17200点。

“若富时小资本指数涨至1614点的一年高位,这将给我们信心小资本股涨潮可能即将开始。”

联昌研究也提及种植指数,称相关指数已连续6年呈震荡横摆交易模式发展,除非出现明显的上下突围迹象,否则指数摇摆不定的趋势将延续下去。



前代理推自有品牌抗Chatime

广告

“原棕油价走势图显示,在触及每公吨3000令吉的阻力趋势线后,原棕油涨势可能稍见喘息。原棕油价可能刚完成重大三角形盘整阶段(d)浪,正迎向(e)浪来为自2008年成形的重大三角形盘整划上句点。

美元涨势或告终

至于马币方面,美元兑马币平均乖离和相对强弱指数已呈负背离(NegativeDivergence)迹象,意味着美元涨势可能告终。

联昌研究说:“尽管美元短期可能更为强势,但我们预见未来数月马币有望转强,兑美元汇价可能在今年下半年返至4至4.10关口。”

文章来源:
星洲日报/财经 ‧ 报道:洪建文‧2017.02.03

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Re: TIME TO INVEST IN BURSA ??
« Reply #145 on: February 12, 2017, 08:57:09 PM »



2017-02-12 19:26
6大因素扶持.马股今年有转机
2016年,应该是近年来相当动荡的一年,因不少黑天鹅事件冲击了原有的计划,市场进入波动剧烈走势。进入2017年,到底往下的走势是否会比过往来得更差,还是有机会回扬呢?《投资致富》综合一众基金经理与分析员的意见后,为您解答往后走势。
2016年,应该是近年来相当动荡的一年,因不少黑天鹅事件冲击了原有的计划,市场进入波动剧烈走势。进入2017年,到底往下的走势是否会比过往来得更差,还是有机会回扬呢?《投资致富》综合一众基金经理与分析员的意见后,为您解答往后走势。

广告

 
肯纳格研究首席投资员李淑仪日前在Fundsupermart的一项讲座会上表示,2017年在6大因素下,马股有望比过往来得好。

6大因素分别为大宗商品价格回扬、巨型基建持续及中国投资增加、大马盈利改善、政府相关公司进行重组计划、第14届大选可能落在今年及外资持有率降低。

油价棕油回扬有助企业盈利增

李淑仪表示,国际油价与原棕油货价格回扬,有助于企业盈利的增加。

2016年首个交易日,国际油价报36.76美元,截至2016年12月30日止,国际油价挂53.72美元,涨46.3%。

“感激石油输出国组织(OPEC)与非OPEC愿意下砍石油产量,进而提振油价走势。”



纳吉胞弟入股 实康子公司受关注

广告

 
早前,石油输出国组织同意,2017年1月起,每日产量减少120万桶(相等于全球产量的1.3%)至3250万桶,为期6个月。

沙地阿拉伯减产最多,日产量减少48万6000桶、伊拉克、阿联酋及科威特日产量则分别减少21万桶、12万9000桶及13万1000桶。

值得一提的是,包括俄罗斯在内11个非石油输出国家组织的国家,亦同意OPEC的要求,2017年开始减产,以减轻世界石油过剩与油价走低。

11个非OPEC国家同意1月1日开始每日减产55万8000桶6个月,期满得可延6个月。

广告

沙地阿拉伯石油部长法利形容这是“历史性”的协议,表示有助2017年油市稳定及鼓励业界投资。

这是15年来世界首次达成类似协议,OPEC将在2017年5月25日的下次会议检讨协议进度和成效。

针对原棕油货表现方面,李淑仪表示,去年初每吨价格报2400令吉,年杪则回扬近3000令吉。

李淑仪说,原棕油在未来3至4个月内的表现仍相当不错,不过,下半年基于产量走高,届时将会呈现下跌走势。

今年经济料成长4.3%

此外,李淑仪表示,过往3年经济成长放缓,而2017年的经济成长预测为4.3%,这意味企业盈利仍有一定成长的空间。

针对基建领域方面,李淑仪说,2017年基建领域合约总值规模高达2120亿令吉,预期30%将会在2017年颁发。

其中最为关注的包括捷运2线、轻快铁3线、沙巴泛婆大道及金马士至新山双轨火车合约。

李淑仪预料东海岸衔接铁道(ECRL)可能在2017年动工。“此外,一些巨型的建筑合约包括高铁及大马城计划。”

马股下跌空间不大

询及马股的估值,李淑仪按大马富时综合指数1670点计算,本益比约16.4倍,2017及2018年的本益比则为14.8倍。

“综指过往10年平均的本益比为15.6倍,目前,周息率为3.2%。”

市场盛传,政府将会在2017年举办大选。对此李淑仪仅表示,首相任期将在明年6月结束,因此不排除今年会大选。

“若今年大选,日期可能会坐落在5月及10月,再不然可能会在2018年的3月份。”

李淑仪补充,值得留意的是大马过往6次大选前夕,马股都有上涨的迹象。

李淑仪也表示,2016年外资已经卖了31亿令吉马股,过往3年卖出300亿令吉马股。

“截至2016年11月为止,外资的持股比例为22.6%,对比金融风暴时期,外资的持股比例为20.3%。”

2015年及2014年,外资共分别净卖197亿令吉及69亿令吉马股。

李淑仪说,基于外资过往处于净卖马股,因此未来马股下跌的空间并不会太大。

瀚亚投资高级基金经理邓燕慧也表示,目前,马股小资本处于相当诱人的阶段,可以考虑吸纳基本面优良的股票,作为长期投资。

外围因素不利新兴货币

李淑仪也针对外围的风险提出了看法,分别为特朗普政策、欧洲民粹主义兴起及中国经济成长放缓。

特朗普竞选美国总统的政治宣言包括加大基建与国防开销、下砍企业税务及驱逐非法移民等。

李淑仪认为,特朗普政策可能会驱使通膨加剧及美国国债收益走高。

“联储局今年也会采取3次的升息政策。”

汇率走势方面,李淑仪仅表示,欧盟与日本采取的货币宽松政策,将会加剧强势美元,对新兴市场的货币而言,相当不利。

马币未来3个月走势料持平

针对马币,李淑仪说,根据多方面的经济数据显示,马币无疑是被低估,但预期未来的3个月内,马币走势仍持平。

“大马约48%的政府债券为外资持有,这亦是令吉汇率所面对的风险。”

回顾2016年11月,外资大幅脱售大马政府债券,高达200亿令吉,马币兑美元也从11月初的4.1885令吉弱化7%至4.486令吉。

李淑仪说,今年初,泰铢、印尼盾及人民币皆有少许回扬,独令吉表现不佳。

李淑仪综合各方面的意见后,怀疑这与国家银行强制商家必须把大部份货币转换至马币政策有关。

“外资忧虑,此举将是国行采取货币管制的前奏。”

投资员:成长估计2.5兆美元
东盟将成全球第四大经济体

兴业伊斯兰国际资产管理首选投资员聂哈辛,也分享与大马唇齿相依的东盟经济走势。

聂哈辛表示,东盟经济体是中国与日本之后最大的经济体。“东盟的经济成长估计为2.5兆美元,2050年之时,东盟将成为全球第四大经济体。”

聂哈辛补充,市场预测2016至2020年,东盟每年的经济成长复合成长率(CAGR)达8.02%,印度与中国的经济成长则分别为10.01%及9.63%,而全球的经济成长则为5.62%。

聂哈辛以越南为例,“在越南,代步工具都是摩哆车,如果改用汽车代步,就会面临很严重的塞车问题。因此,越南在未来将会在基建方面,做出庞大的开销以改善交通的问题。”

此外,在越南许多人使用智能手机,但当地的电讯并未提供4G服务,这意味当地在未来需进行相关开销,如提供光纤材料,进而提高成长机会。

聂哈辛说,外资非常喜爱进军CLMV市场,因为这些国家具备发展的潜力。

CLMV为柬埔寨、寮国、缅甸及越南。

东盟在未来仍有不少的成长主题,分别为外国直接投资(FDI)增加、亚洲工厂、中等收入群体崛起。

“2014年,东盟的FDI高达244亿美元,而2013年的FDI只有194亿美元。”

打造泛亚铁路促进运输

此外,聂哈幸也表示,东盟也在打造泛亚铁路网络(Pan Asia Railway Network)以促进日后的运输。

泛亚铁路网络由3条线组成,分别为中线、西线及东线。3条铁路皆以中国云南及泰国曼谷为转接点,再从上述转接点,将物品运输至中国内陆地区、大马及新加坡。中线途经泰国、西线途经缅甸为主、东线则途经越南及柬埔寨。

聂哈幸补充,可以预见东盟国家在未来将会需要建造更多的大道。



文章来源:
星洲日报‧投资致富‧市场热点‧文:谢汪潮‧2017.02.12

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Re: TIME TO INVEST IN BURSA ??
« Reply #146 on: February 13, 2017, 02:50:44 PM »
On expectation of further earnings recovery. 2017 Year-end Target: 1,830 points

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Re: TIME TO INVEST IN BURSA ??
« Reply #147 on: February 20, 2017, 08:57:34 AM »



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This article first appeared in The Edge Financial Daily, on February 20, 2017.
 

KUALA LUMPUR: After a disappointing 2016, which saw analysts lower their target for the FBM KLCI, there is a somewhat more optimistic feeling about the prospects for 2017 after the benchmark index crossed the 1,700-point mark last week.

The market’s run-up is not out of place among regional and global markets, but will the uptrend be sustained?

Analysts are careful to paint two sides to the picture. On one hand, commodity prices including crude oil and palm oil are up, giving an advantage to local producers and exporters.

However, “market exuberance” alone will not be enough to boost markets for long, one head of research opined.

“Whether or not the rally is sustainable is a big question,” he told The Edge Financial Daily over the phone.

The FBM KLCI last breached the 1,700 mark in March 2016 but only hovered above it for a little over a month, subsequently sinking to as low as 1,621.21 in May. Since then, the key barometer has struggled to make a comeback, only getting close at 1,699.89 on Aug 16.

Last Friday, the index closed at 1,707.68, flat on daily trade but up some 4.08% year to date (YTD).

Although the FBM KLCI clearly rebounded in January and sentiments seem to have improved, the index still lags behind its regional peers in terms of recovery, said Ang Kok Heng, chief investment officer at Phillip Capital Management Bhd.

“Last year, if not for the weak ringgit, our market should have seen a positive gain,” Ang said.

Regional indices have rallied with varying strengths YTD. Singapore’s Straits Times Index has been the most bullish, up some 10.21% to 3,107.65.

Meanwhile, Hong Kong’s Hang Seng Index and South Korea’s Kospi also outshone their peers, rising 9.13% and 7.66% YTD respectively.

“This year we are just playing catch-up [with regional markets], but even now we are still behind them,” Ang said, although he thinks there is still room for the local market to reach similar heights.

“In fact, if you look at the US Dollar Index (which measures the US dollar against a basket of currencies), it’s back to the US$100 (RM445) level again, so we see some foreign funds coming back to this region,” he added.

The US Dollar Index registered US$100.47 at the time of writing, down from a five-year high of US$103.30 on Dec 28, 2016.

According to Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng, investors have started to take profit from the high US dollar with over US$2 billion flowing back into the region over the last few months, with the Malaysian market seeing nearly US$100 net inflow of foreign funds since January.

Wong was more upbeat about future prospects following what is seen as a recovery of the US economy.

“Emerging markets have actually gone up in the six to nine months after the tightening of US Federal Reserve interest rates after the last two or three times [rates were hiked],” Wong told The Edge Financial Daily via telephone.

Another contributing factor to the rally is a recovery in corporate earnings, which had bottomed out after declining over the past couple of years, Wong said.

“The weakening ringgit might not be as bad as we thought, what with the recovery of the commodity prices,” he added.

However, another analyst who declined to be named opined that despite the improvement in market sentiment, “things are not as good as they seem”.

“For a market rally to be sustainable, there need to be very compelling reasons. High yields, high earnings and high growth … none of those factors currently exist,” the analyst said.

Despite popular opinion that the government may be looking to boost spending ahead of the 14th General Election, which is due by March 2018, the analyst also raised concerns over ballooning government debt.

“Good commodity prices are only part of the story. We can [also] look at government spending, but I think whether investment and consumption levels are up to expectation is more important,” added the analyst.

The question now is: Is it still a good time to invest in Malaysian equities?

“We believe the current rally can last until May probably,” said Chris Eng, the head of research at Etiqa Insurance Bhd.

“We have been advocating investors to buy into the Malaysian stock market since August 2016 given that we saw improving economic fundamentals in the first half of 2017,” he said in an email response.

According to Wong, 2016 would have been the best time to invest in the market, but he remains optimistic about Bursa Malaysia this year.

“It won’t be a smooth rally — on and off the market may see pullbacks for healthy correction,” Wong said.

He highlighted political developments in Europe and US President Donald Trump’s policies as key developments to keep an eye on.

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Re: TIME TO INVEST IN BURSA ??
« Reply #148 on: March 03, 2017, 06:46:03 AM »



Oil & gas sector’s Q4 earnings – more misses than hits, says PublicInvest
Posted on 3 March 2017 - 05:37am
sunbiz@thesundaily.com
Print
PETALING JAYA: PublicInvest Research said the oil and gas sector took the limelight again in the results round-up for the fourth quarter (Q4) of 2016, with widespread earnings misses owing to unprecedented impairments as well as the slowdown in job flows.

The research house noted that the plantation and construction sectors also recorded disappointing results, though largely down to specific developments such as delayed billings, and not symptomatic of operational difficulties.

“Consensus expectations were fairly similar this time round, with the oil and gas, plantation and construction sectors also proving to be a bane,” it noted.

The Q4’s earnings hits (above and/or in-line) are at a convincing 60%:40% against the 52%:48% in the previous quarter, it added.

Meanwhile, it said the property and telco sectors saw the most number of downward earnings revisions, to account for changes in billing assumptions for the former and imputation of higher costs for the latter.

Nonetheless, PublicInvest Research said the earnings picture is better now with an expectation of more substantive earnings recovery in 2017 and 2018, with the FBM KLCI expected to achieve 1,750 points at the end of the year.

It noted that the target may possibly be overshot based on expectations and timing of the forthcoming general elections, adding it sees gradual recoveries in global economic conditions this year, more pertinently in China.

PublicInvest maintained its “overweight” stance on the plantation, power, oil and gas, as well as the construction sectors.

Its suggested picks for 2017 are Sime Darby, Genting Plantations, Ta Ann Holdings, LBS Bina, Chin Hin Group, Wah Seong Corp, SapuraKencana Petroleum, VS Industry, JAKS Resources and SCGM.

“We suggest selective exposure into the banking sector, as we see valuations of some increasingly attractive at current. We see no major reason to remain under-invested in the market,” it said.

Commenting on the currency, PublicInvest believes that the ringgit has been oversold by about 10%, which may suggest a potential reversal of foreign flows when the dust (capital outflow from US Fed-related actions) eventually settles.

“Domestic investors flush with cash should be primed for re-entry. While the market has popped up a little since the end of last year when we kept harping on this, we still see room for further upside,” it added

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Re: TIME TO INVEST IN BURSA ??
« Reply #149 on: March 05, 2017, 07:37:12 AM »



宏利调查:市场稳回酬高
买股良机半年内浮现
756点看 2017年3月4日
 

(吉隆坡4日讯)宏利亚洲投资者意向指数(Manulife Investment Sentiment Index)调查报告显示,75%的大马受访者认为,未来6个月是股票投资的“中和至良好时机”。


投资兴趣提高的主要原因是,亚洲股市是个非常稳定的市场,占了34%、股票回酬高过其他投资,占了34%,以及股市有改善的迹象,占了33%。

宏利资产管理服务有限公司(Manulife Asset Management Services)董事经理兼总投资长张顺明称,公司对马股未来一年持正面看法。

“政府推行基建项目及消费信心逐渐恢复,预计将支撑今年的经济增长。商品价格持续改善也有助于增强令吉。”

经济增长保持弹性

在通胀水平适中及国内环境稳定的情况下,他预计我国经济增长将保持弹性。

“油价走高,再加上政府财政整合计划,将降低主权评级下调的风险。本地经济基本面将继续支撑我国的债券市场。”

该调查报告指,83%的大马投资者认为,未来6个月是投资在固定收益资产的“中和至良好时机”。

根据调查,在全球政治及市场不稳定的当儿,亚洲新兴市场增长预计,今年将继续为投资者提供机会。

在网上进行的调查,有500人是源自大马、香港、中国、台湾、泰国、新加坡,以及菲律宾。

另外,约有500人在印尼接受面对面的访谈。


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