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Destinasi Seminar
Teknik Goldfinger RM akan diadakan di Pusat Latihan PUABUMI, Kemaman pada 10 Disember 2011
Destinasi seminar...
Destinasi ketiga: Seminar Jutawan CPO Edisi Emas berada di Suria City Johor Bahru pada 17 Dis 2011
Destinasi Seminar
Destinasi seminar -> Seminar Jutawan CPO Edisi Emas akan berada di Hotel Midah Kuala Lumpur pada 03 Dis 2011
PENUTUPAN PERTUKARAN UNTUK Hari Raya Aidilfitri DAN CUTI HARI KEBANGSAAN 2011
PENUTUPAN PERTUKARAN UNTUK Hari Raya Aidilfitri DAN CUTI HARI KEBANGSAAN 2011
Seminar Jutawan Saham & CPO akan berada di Sanctuary Beach Resort Cherating Kuantan pada 30 Julai 2011 ( segmen CPO ) dan 31 Julai 2011 ( segmen Ekuiti )
Kami bersedia untuk turun padang membongkar rahsia pelaburan di Bursa Malaysia
Penginapan...
Penginapan percuma hanya untuk penyertaan dua segmen di Pusat Latihan PUABUMI Kemaman, Terengganu sahaja...
Destinasi Seminar
Destinasi Seminar ~ Seminar IPO Baru akan berada di Suites Corus Hotel Kuala Lumpur pada 28 Mei 2011... Yuran Penyertaan RM50 seorang...
Technical View
Palm oil prices have been consolidating since creating the “non classical Hammer” last Thursday. Nevertheless, prices are consolidating within the potential downtrend channel. We shall see if CPO prices will continue to consolidate sideways and eventually lead to a shift in the current downtrend to a sideways trend, or even to a new uptrend.
Until then, it still looks like the market is in the midst of building a downtrend channel. Although it did not create another major lower low last Thursday after successfully holding up the RM3,250 / tonne level, it is still vulnerable to a further pullback, possibility to the 200-day MAV line, if it remains stuck within the downtrend channel.
We are sticking to our view that the uptrend which started since the mid-term downtrend line was violated in October last year has ended. We had shifted our view to bearish following the breakdown, which was our first change in view since October last year. It was evident as the RM124/tonne “downside gap” created on 23 Feb 2010 had violated the CPO market’s more than 6- month solid uptrend. Prices are expected to continue trending lower until the downtrend line is violated.
Immediate support is now seen at RM3,250 / tonne level, followed by the 3,000/tonne psychological mark. Another strong support is seen at the 200-day MAV line, which now lies at the RM3,086 / tonne level. To the upside, immediate resistance lies at the RM3,489 / tonne level, followed by the RM3,700 / tonne level.
Until then, it still looks like the market is in the midst of building a downtrend channel. Although it did not create another major lower low last Thursday after successfully holding up the RM3,250 / tonne level, it is still vulnerable to a further pullback, possibility to the 200-day MAV line, if it remains stuck within the downtrend channel.
We are sticking to our view that the uptrend which started since the mid-term downtrend line was violated in October last year has ended. We had shifted our view to bearish following the breakdown, which was our first change in view since October last year. It was evident as the RM124/tonne “downside gap” created on 23 Feb 2010 had violated the CPO market’s more than 6- month solid uptrend. Prices are expected to continue trending lower until the downtrend line is violated.
Immediate support is now seen at RM3,250 / tonne level, followed by the 3,000/tonne psychological mark. Another strong support is seen at the 200-day MAV line, which now lies at the RM3,086 / tonne level. To the upside, immediate resistance lies at the RM3,489 / tonne level, followed by the RM3,700 / tonne level.
Market Review
Positive close. The FBM KLCI closed 5.84 points higher at 1,520.09 pts in tandem with the recovery in regional markets. Gains in Petronas Chemicals, Sime Darby, BAT and Petronas Gas helped to shore up market sentiment. Today’s key headlines include Perisai Petroleum Bhd has proposed to buy Garuda Energy from is ex-founder, Ngendran Nadarajah for USD70m, to be satisfied by USD50m cash and the issuance of new Perisai shares at 65 sen/share, AirAsia has entered into a JV agreement with Expedia Inc to establish an online travel agency, Kencana has secured a RM216m oil and gas support service project from Petrofac Ltd and Volkswagen AG plans to make Pekan its regional manufacturing hub. Taking the cue from Wall Street’s positive overnight close of 81.3 points , we expect our market to trend higher today.
Market Review
Higher finish. The FBM KLCI inched up 1.87 pts to 1,513.84 pts yesterday. In the news is SEGi, which announced a dividend policy to distribute a minimum of 50% of its net profit effective FY11, Wah Seong will set up a JV with PT Agrindo Prima Lestari to manufacture industrial fans and blowers for the palm oil industry and other industries utilising similar products in Indonesia, Transmile has completed the disposal of 4 of its aircraft to Federal Express Corp for USD67m (RM200m) while the payment due from Syarikat Bekalan Air Selangor SB (Syabas) to Syarikat Pengeluar Air Sungai Selangor SB (Splash) has been reduced to 42% from 45% effective 1 March 2011. Finally, the US markets ended higher but the crude oil price fell USD0.15 to close at USD105.60/barrel.
Market Review
Broadly higher. The FBM KLCI ended nearly 3 points higher yesterday at 1511.97 points. Market breadth continued to be very positive, with 515 gainers against 251 losers. This was despite regional market being mixed yesterday following the Dow's mild decline. Today’s news headlines are Tenaga acquires a 22.1% stake in Integrax for RM106.5m and is now the single largest shareholder, Hai-O Enterprise reports a RM6.3m 3QFY11 net profit against RM18.0m last year, BNM believes the local economy can grow at 6% this year, and Sime Darby settles its dispute with Maersk Oil Qatar and will write back RM100m to its profit & loss account. The Dow jumped 67 points overnight, which should help local stocks gain more ground today.
Technical View
Yesterday’s 5-pt rebound keeps alive the possibility of the FBM KLCI trending sideways. There is still potential for the market to consolidate between the 1,474 pt-level and the 1,530 pt-level. We will stick to this view until either one of these two levels is violated. As we mentioned yesterday, although the recent violation of the short-term uptrend line wrote off the possibility of the index creating a new uptrend in the near-term, it is still possible that the impressive rebound on 28 Feb 2010, which resulted in the creation of the “Long Lower Shadow Line”, could still overturn the previous downtrend channel into a sideways trend.
We would still like to highlight the importance of the 1,474 pt-level. As shown by the four circles in the above daily chart, every previous test of the 1,474 pt-level had been followed by a strong rebound subsequently. It was also apparent from the latest test of the 1,474 pt-level on 14 March 2010 when the index fell by about 15 pts at the day-low but rebounded when it was trading about 6 pts away from the critical 1,474-pt horizontal support line. That day, the index even bounced back with marginal gains but eventually ended the day with a loss of 0.27-pts.
Meanwhile, we maintain our bullish bias. Within the potential sideways range, look for an immediate resistance at the 1,509-1,517-pt “Downside Gap”. Next resistance is situated at the 1,530 pt-level but to the downside, there is immediate support at the 1,490 pt-level, followed by the critical 1,474 pt-level
Market Review
Higher close. The FBM KLCI gained 5 points yesterday to close at 1508.88 points led by Genting, MISC and Tenaga. This was in tandem with the rebound in the regional and global bourses yesterday. It was encouraging to note that the market breadth was decidedly positive, with 587 gainers against 200 losers. Today’s news headlines areHarbour-Link Group receives an LOI for a RM29m civil works contract at SamalajuIndustrial Park in Sarawak, Benalec Holdings receives a letter of award for earthworks, river protection works and other related works in Klang worth RM37m, while Tan Sri Azman Hashim denies looking to sell his stake in AMMB. Overnight, the Dow retook the 12,000-point territory by climbing 178 pts while the European bourses surged 1% to 2% as the attacks on Libya progress into the third day. Crude oil also rose by about USD1 per barrel to USD102. With the positive overseas influence, Malaysian stocks will likely rally further today. Immediate resistance is seen at the range of 1509 – 1517 points.
Langgan:
Catatan (Atom)
Technical View
Palm oil prices have been consolidating since creating the “non classical Hammer” last Thursday. Nevertheless, prices are consolidating within the potential downtrend channel. We shall see if CPO prices will continue to consolidate sideways and eventually lead to a shift in the current downtrend to a sideways trend, or even to a new uptrend.
Until then, it still looks like the market is in the midst of building a downtrend channel. Although it did not create another major lower low last Thursday after successfully holding up the RM3,250 / tonne level, it is still vulnerable to a further pullback, possibility to the 200-day MAV line, if it remains stuck within the downtrend channel.
We are sticking to our view that the uptrend which started since the mid-term downtrend line was violated in October last year has ended. We had shifted our view to bearish following the breakdown, which was our first change in view since October last year. It was evident as the RM124/tonne “downside gap” created on 23 Feb 2010 had violated the CPO market’s more than 6- month solid uptrend. Prices are expected to continue trending lower until the downtrend line is violated.
Immediate support is now seen at RM3,250 / tonne level, followed by the 3,000/tonne psychological mark. Another strong support is seen at the 200-day MAV line, which now lies at the RM3,086 / tonne level. To the upside, immediate resistance lies at the RM3,489 / tonne level, followed by the RM3,700 / tonne level.
Until then, it still looks like the market is in the midst of building a downtrend channel. Although it did not create another major lower low last Thursday after successfully holding up the RM3,250 / tonne level, it is still vulnerable to a further pullback, possibility to the 200-day MAV line, if it remains stuck within the downtrend channel.
We are sticking to our view that the uptrend which started since the mid-term downtrend line was violated in October last year has ended. We had shifted our view to bearish following the breakdown, which was our first change in view since October last year. It was evident as the RM124/tonne “downside gap” created on 23 Feb 2010 had violated the CPO market’s more than 6- month solid uptrend. Prices are expected to continue trending lower until the downtrend line is violated.
Immediate support is now seen at RM3,250 / tonne level, followed by the 3,000/tonne psychological mark. Another strong support is seen at the 200-day MAV line, which now lies at the RM3,086 / tonne level. To the upside, immediate resistance lies at the RM3,489 / tonne level, followed by the RM3,700 / tonne level.
Market Review
Positive close. The FBM KLCI closed 5.84 points higher at 1,520.09 pts in tandem with the recovery in regional markets. Gains in Petronas Chemicals, Sime Darby, BAT and Petronas Gas helped to shore up market sentiment. Today’s key headlines include Perisai Petroleum Bhd has proposed to buy Garuda Energy from is ex-founder, Ngendran Nadarajah for USD70m, to be satisfied by USD50m cash and the issuance of new Perisai shares at 65 sen/share, AirAsia has entered into a JV agreement with Expedia Inc to establish an online travel agency, Kencana has secured a RM216m oil and gas support service project from Petrofac Ltd and Volkswagen AG plans to make Pekan its regional manufacturing hub. Taking the cue from Wall Street’s positive overnight close of 81.3 points , we expect our market to trend higher today.
Market Review
Higher finish. The FBM KLCI inched up 1.87 pts to 1,513.84 pts yesterday. In the news is SEGi, which announced a dividend policy to distribute a minimum of 50% of its net profit effective FY11, Wah Seong will set up a JV with PT Agrindo Prima Lestari to manufacture industrial fans and blowers for the palm oil industry and other industries utilising similar products in Indonesia, Transmile has completed the disposal of 4 of its aircraft to Federal Express Corp for USD67m (RM200m) while the payment due from Syarikat Bekalan Air Selangor SB (Syabas) to Syarikat Pengeluar Air Sungai Selangor SB (Splash) has been reduced to 42% from 45% effective 1 March 2011. Finally, the US markets ended higher but the crude oil price fell USD0.15 to close at USD105.60/barrel.
Market Review
Broadly higher. The FBM KLCI ended nearly 3 points higher yesterday at 1511.97 points. Market breadth continued to be very positive, with 515 gainers against 251 losers. This was despite regional market being mixed yesterday following the Dow's mild decline. Today’s news headlines are Tenaga acquires a 22.1% stake in Integrax for RM106.5m and is now the single largest shareholder, Hai-O Enterprise reports a RM6.3m 3QFY11 net profit against RM18.0m last year, BNM believes the local economy can grow at 6% this year, and Sime Darby settles its dispute with Maersk Oil Qatar and will write back RM100m to its profit & loss account. The Dow jumped 67 points overnight, which should help local stocks gain more ground today.
Technical View
Yesterday’s 5-pt rebound keeps alive the possibility of the FBM KLCI trending sideways. There is still potential for the market to consolidate between the 1,474 pt-level and the 1,530 pt-level. We will stick to this view until either one of these two levels is violated. As we mentioned yesterday, although the recent violation of the short-term uptrend line wrote off the possibility of the index creating a new uptrend in the near-term, it is still possible that the impressive rebound on 28 Feb 2010, which resulted in the creation of the “Long Lower Shadow Line”, could still overturn the previous downtrend channel into a sideways trend.
We would still like to highlight the importance of the 1,474 pt-level. As shown by the four circles in the above daily chart, every previous test of the 1,474 pt-level had been followed by a strong rebound subsequently. It was also apparent from the latest test of the 1,474 pt-level on 14 March 2010 when the index fell by about 15 pts at the day-low but rebounded when it was trading about 6 pts away from the critical 1,474-pt horizontal support line. That day, the index even bounced back with marginal gains but eventually ended the day with a loss of 0.27-pts.
Meanwhile, we maintain our bullish bias. Within the potential sideways range, look for an immediate resistance at the 1,509-1,517-pt “Downside Gap”. Next resistance is situated at the 1,530 pt-level but to the downside, there is immediate support at the 1,490 pt-level, followed by the critical 1,474 pt-level
Market Review
Higher close. The FBM KLCI gained 5 points yesterday to close at 1508.88 points led by Genting, MISC and Tenaga. This was in tandem with the rebound in the regional and global bourses yesterday. It was encouraging to note that the market breadth was decidedly positive, with 587 gainers against 200 losers. Today’s news headlines areHarbour-Link Group receives an LOI for a RM29m civil works contract at SamalajuIndustrial Park in Sarawak, Benalec Holdings receives a letter of award for earthworks, river protection works and other related works in Klang worth RM37m, while Tan Sri Azman Hashim denies looking to sell his stake in AMMB. Overnight, the Dow retook the 12,000-point territory by climbing 178 pts while the European bourses surged 1% to 2% as the attacks on Libya progress into the third day. Crude oil also rose by about USD1 per barrel to USD102. With the positive overseas influence, Malaysian stocks will likely rally further today. Immediate resistance is seen at the range of 1509 – 1517 points.
Langgan:
Catatan (Atom)