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Wednesday 16 December 2015

Frequent Mistakes Committed By Investors Post Bursa Malaysia Hot Intraday Tips Analysis


Investing in stock market is always lucrative and preferred by many risk takers in the world today. In Malaysia there are many people have the analytical skills to understand the trade and stock turns and use the experienced knowledge for investing. Also, there are people who just depend on the Bursa Malaysia Intraday Tips and various klse stock recommendations in order to invest in the stock markets. Investing in the stock market is also dependent on the luck factor according to some people. But which way will give you the profitable return is a million dollar question.


In Malaysia Traders have the common practice of studying Malaysia hot stock, or bursa malysia intraday tips or klse recommendations and then after proper analysis they decide where to invest and how much to invest and also where not to invest.

But still they commit some tiny mistakes which can lead them to face huge losses. Here are few of them:

1.  Always Gazing For Profits:

Traders focus on always fetching the profits and that’s why look at bursa Malaysia Intraday tips and don’t do proper homework on their trading strategies. With profits as the only goal they start investing in waste and unwanted stocks and at the end lose their money.

So you must understand that:
  • Take the profits once it reaches at its peak.
  • Keep hold of quality stocks only and stop holding waste or unfruitful stocks.
  • Make complete balance between stop loss and profit maximizing strategy.
2. Never Prepared To Take Risks And Bear Losses:


It is rightly said that “one who cannot take a risk cannot expect for profits” and the savvy investors only play for profits rather than understanding the importance of bearing risk and sometimes paying for losses as well.

Investors feel scared of selling the stocks which they know will never return the profits and thus try to keep themselves away from the losses. This practice is extremely wrong and committed by many of the traders and investors.

3. Weak Strategies And Faulty Goals:


nvesting in stock markets is not a matter of fun. It requires planned strategy and figurative goals and a correct methodology to achieve it. If any of these is missing, then the boat will surely go in a wrong direction.

Investors always get confused between the investment stocks and trading stocks and thus fail to plan the strategies for beneficial returns. The grape wine methodology leads many of the investors to buy wrong stocks and in the end losses are ascertained. Also, investors think to intentionally buy the lowest grade stocks for quick profits and at the end the stock touches ground. Also investors fail to keep patience for long term investment stocks and sell them before the actual outputs.


4. Try To Buy At Peak And Sell At Peak Only:




Investors are never interested in buying the stocks when they are at low rates. They only target the peak buying and selling of the stocks as they think it will give them the maximum benefits. And the fools who buy at peek search for various other fools to sell at peek and eventually they get many such fools as well.




So Better Channelize Where And When To Invest. It Will Return You Better Results.

“Precaution Is Always Better Than Cure”





Monday 7 December 2015

Malaysian News Highlights - 7th Dec 2015


  • Bursa Malaysia opened lower today due to lack of buying support.The FBMKLCI index fell 5.73 points to 1,666.27 after opening 2.33 points weaker at 1,669.67.There were 222 gainers and 171 losers with 210 counters unchanged, 1,159.
     
  • The ringgit opened lower against US dollar.
     
  • DowJones dropped 177 pts last nite. Bursa Malaysia might start with a negative undertones but may improves over the the trading day.
     

  • SapuraKencana Petroleum group has netted engineering and construction contracts, including contract extensions, with a combined value of US$72mil (RM305mil).
     
  • CAB Cakaran said it is in the midst of discussions with Indonesia’s Salim Group in relation to the investment by Salim Group in the company. It also plans to set up a fully integrated poultry business in Indonesia and has signed a memorandum of understanding (MoU) with the Salim Group.
     
  • Eastern & Oriental Bhd’s subsidiary has secured up to RM1.084bil in syndicated banking facilities for the 760-acre Seri Tanjung Pinang Phase 2 reclamation project in Penang.

Friday 4 December 2015

Before Investing In KLSE Stock Market Follow These 4 Fundamental Analyses


When it comes to invest in KLSE stock market, incorporating the fundamental analysis is one of the important methodologies. While investment in stock market, fundamental analysis is a base for investing with different strength & weakness. In fact, if you are investing in financial market without performing fundamental analysis; it’s worthless.

The fundamental analysis involves the assets, revenues, liabilities & other financial terms of company. The analysis is all about gaining insights of company’s performance. In addition, here is some fundamental analysis strategies shared to follow:

Earnings per Share:


EPS is generally used as a performance indicator of the company for long period of time. In fact, there are several ways for calculating the EPS of particular company depending on investor’s objective. To predict the future stock price, fundamental analysis works as an effective stock investment picksto analyze the company’s value, thereby calculating EPS of company.

Book Value per Share:


Book value is implemented to measure the net worth of company. The net worth of the company is termed as liquidation value of company. The book value per share analyzes the present market value of company’s assets.

Net Return on Equity:


ROE is implemented to measure the company’s generated return, invested by shareholders. The generated return is a percentage of shareholders return on equity. It’s recommended to have KLSE stock picks before investing in the market. The ROE is expressed in percentage & calculated by

Return on Assets:
Net Income/Total Assets

Wednesday 2 December 2015

Malaysia Daily News Update : 2nd December 2015


  • Bursa Malaysia edged up in early trade today despite the stuttering regional markets, lifted by select index-linked blue chip stocks.
    The FBM KLCI index gained 1.28 points to 1,683.65.
     
  • US stocks rallied into the close to end up nearly 1% amid weak manufacturing data. The S&P 500 breached the psychologically key level of 2,100 with the rising of healthcare sector.
     
  • Protasco Bhd’s subsidiary Protasco Development Sdn Bhd has been awarded a RM300.5 million job by Perbadanan Putrajaya, to construct 1,100 units houses in the Federal Territory of Putrajaya under the 1Malaysia Civil Servants Housing Programme.

  • Bank Negara Malaysia (BNM) will consider increasing its holdings of the yuan in its international reserves following the inclusion of the Chinese currency in the International Monetary Fund’s (IMF) currency basket, known as Special Drawing Rights (SDR).
     
  • Felda Global Ventures Bhd’s (FGV) attempt to find a new investment mode in Indonesia’s PT Eagle High Plantations Tbk, citing unattractive valuations in anticipation of the improvement in crude palm oil (CPO) prices in 2016.
  • AirAsia Bhd has announced a slew of changes in executive leadership for its unit AirAsia Japan, bringing in executives from Skymark Airlines.
     
  • PRG announced that its executive director Datuk Seri Yeoh Soo Ann has stepped down from his post.

Monday 30 November 2015

2 Stock Trading Picks for KLSE Stock Market Investment You Should Follow


The KLSE share market is a trading platform for investors and traders to trade with company’s shares. In Malaysia, the main share exchange market is “Bursa Malaysia”. The Bursa Malaysia previously known as (Kuala Lumpur stock exchange) is a major share market index which monitors the performance of 30 largest organizations via complete market capitalization which is listed on the main board of the Bursa Malaysia.
Here some KLSE Stock picks are shared to when invest in Bursa Malaysia stock market.

1- Know Your Position in Market:



Have a list of your assets before investing in KLSE market. In addition, do analyze your financial investment limits & expenditures; thereby formulating a budget plan for yourself. By knowing position in this way, you can get a better idea about how to invest your assets in a better way to get substantial gain anyhow.


2- Apply Correct Investment Methodology:




However, there is no magic rule to get rich instantly in KLSE stock market. Therefore, it’s recommended to apply those correct investments that includes long term track record with long term growth. For this, you need to have effective Stock trading picks so that the investment methodology will provide good returns.  

Saturday 28 November 2015

Malaysia News Highlights - 28th November 2015


  • Bursa Malaysia KLCI (FBM KLCI) opened lower today, weighed down by selling activities in selected heavyweights.
    The FBM KLCI Index fell 3.28 points lower at 1,679.81, after opening 6.16 points easier at 1,676.93.
     
  • The ringgit opened lower against the US dollar today on weak buying interest.
     
  • European Stocks ended higher on thursday amid hopes for fresh stimulus. Euro rebounding & traded above $1.06 after hitting 7.5mths low amid reports on ECB officials are considering unconventional easing measures,  such as introducing 2 tiered deposit rate.
     
  • Gold prices were little changed on thursday as comex floor trading scheduled to remain closed for thanksgiving.
     
  • Oil prices fell on thursday amid uncertainty about how quickly the global glut of crude is set to shrink.
     
  • M'sia palm oil futures ended 44pts higher on thursday on expected lower output.
     
  • AirAsia Bhd sank into the red in its third quarter ended Sept 30, 2015 (3Q15) with a net loss of RM405.72 million, dragged down by a foreign exchange (forex) loss on borrowings and losses from the share of results of associates and jointly-controlled entities, as well as one-off costs related to the sale and leaseback of aircraft.

Thursday 26 November 2015

Going To Bursa Malaysia Market For Trading, Keep This 3 Stock Picks


Trading in KLSE stock market requires strong analyzation & prediction about market trend. By recognizing daily stock moves, it’s easy to know the listed companies in stock market which can help traders to decide which stock to buy before making investment.

Despite of recognizing the stock movement, there may be risk factors which affect your investment. Therefore, to trade by balancing your position, traders need to follow a plan of action to trade profitably. Below are some static rules shared to follow by the traders & investors in KLSE stock market.

Have a Trading Concept:



Plan your investment by knowing your investment limit, so that your investment will have minimal risk of loss as you will know your financial limit. In addition, KLSE stock trading signal will be more helpful, in your financial limitation.

Monitor Stock chart:



While monitoring chart, ‘Buy point’ is an indication to follow the stocks. Further, if you find that stock movements take place beyond the spotted Buy point, it’s acceptable to buy it.

It’s recommended to monitoring stock chart as the indication of ‘Buy point’ will act as a profitable KLSE Stock picks.

Know Your Position:



Before you invest in stock market, it’s good to have list of your valuable assets. Acknowledge your incomes and expenditures; this way planning your budget will be beneficial for investing. The consequences of recognizing your assets will increase the probability of earning good profit potential.

Getting expertise in stock market should be priority while investing in stock market. And having perfect trading plan in a balanced way is the prior key, where trader must focus on. Further comes the trading skills to implement for being a successful trader.

Monday 23 November 2015

Malaysia News Highlights and Technical Reports : 23rd Nov 2015


  • Bursa Malaysia was higher in the early session today on the back of active buying momentum in selected heavyweights and lower-liners.
    The FBM KLCI index rose 1.34 points to 1,663.23, after opening 0.3 point lower at 1,661.59.
     
  • The ringgit opened easier against the US dollar early Monday on weak demand for the local note.
     
  • Crude oil futures lost ground on Monday in early Asian trading, as the global supply surplus pressured prices, but a cut in the number of U.S. oil rigs for an 11th week in the last 12 limited the falls.
     

  • Nexgram Holdings Bhd has launched a conditional takeover offer for Ire-Tex Corp Bhd that will see it venture into the manufacturing and industrial automation businesses.
     
  • Malaysian Rating Corp Bhd (MARC) has assigned a final rating of AA-IS with a stable outlook to Jimah East Power Sdn Bhd's (JEP) sukuk Murabahah of up to RM10 billion.
     
  • Evergreen Fibreboard's 3QFY15 net profit almost tripled to RM27.59mil due to the stronger US dollar, lower cost of glue, higher operational efficiency and cost savings.
     
  • Bintai Kinden, it secured a US$15.15mil (RM66mil) contract to provide mechanical, electrical and plumbing works for the Rosewood Hotel in Phnom Penh, Cambodia.
     
  • Ikhmas Jaya won a RM161.12mil contract for the substructure works of a mixed development at Persiaran Barat, Section 52, Petaling Jaya.
  • Thursday 19 November 2015

    Malaysia News Highlights and Technical Reports : 19th Nov 2015


    • Bursa Malaysia edged up in early trade today in line with the uptrend at the regional markets.
      The FBM KLCI gained 2.62 points to 1,659.12.
       
    • The DJIA rose 247.66 points, or 1.42%, to 17,737.16, the S&P 500 gained 33.14 points, or 1.62%, to 2,083.58 and the Nasdaq added 89.19 points, or 1.79%, to 5,075.20.
       
    • The ringgit opened higher in early trade against the US dollar lifted by renewed buying support for the local unit.

    • Oil palm plantation company Kuala Lumpur Kepong Bhd (KL Kepong) saw its net profit for the last quarter (Q4) ended Sept 30, 2015 jump 9.14% to RM186.3 million, compared with RM170.7 million in the previous corresponding quarter, on favourable fair value changes.
       
    • CIMB Group Holdings Bhd yesterday entered into a strategic collaboration agreement with leading Philippines telecommunications company, Philippine Long Distance Telephone Company’s (PLDT), to offer digital financial offerings and solutions in the Philippines and across Asean.
       
    • Lafarge Malaysia Bhd posted a 28.9% increase in net profit for its third quarter mainly due to higher sales revenue from the cement segment, improved plant performance and higher foreign exchange gains.
       
    • PDZ Holdings Bhd posted a net loss of RM1.06 million in the first quarter ended Sep 30, 2015, compared with RM1.67 million in the previous corresponding quarter, on higher vessel running costs and foreign exchange losses.
       
    • Amway (Malaysia) Holdings Bhd’s net profit for the third quarter ended Sept 30, 2015 fell 52.9% to RM11.78 million from RM25.02 million a year ago due to adjustments made to reflect higher incentive provisions as a result of higher sales.

    Monday 16 November 2015

    How can you Trade Strategically in Market?


    When it comes to ‘day trading’, Day trading is speculation in securities, specifically buying and selling financial instruments within the same trading day. Strictly, day trading is trading only within a day, such that all positions are closed before the market closes for the trading day. Many traders may not be so strict or may have day trading as one component of an overall strategy. Traders who participate in day trading are called day traders.



    Here are some common day trading strategies which will be beneficial in this volatile market:

    HAVE PROPER ENTRY AND EXIT

    Liquidity and volatility are the major aspect, which the day trader looks for, whereas liquidity helps to get enter and exit a particular stock at a good price. On the other hand, volatility is used to determine the expected price on daily basis. Also, increased volatility tends to high profit or loss. After purchasing the stocks which you require, you need to determine the possible entry points. Therefore, here are some tools which you must implement.


    INTRADAY CANDLESTICK CHART:

    Intraday candles are the best Stock Picks which will equip you a rough analysis about pricing action.



    REAL TIME NEWS SERVICE:

    Get Real Time News, as this will provide you update information about stock movement.

    DETERMINING A STOP LOSS
    During marginal trading, the chances of getting vulnerable are more as compared to regular traders. Therefore, implementing stop loss strategy is important during intraday trading. The two stop loss strategies to implement are as follows:
    • A physical stop-loss order that is positioned at particular pricing level should match your risk tolerance.
    • The mental stop-loss is positioned where your entry criteria get violated, which means that if the trade gets against your expectation, you have to exit your position immediately.


    EVALUATING THE PERFORMANCE
    Many beginners step into the intraday trading to generate maximum returns on daily basis but in fact, traders lose their hardly earned capital. However, by implementing accurate stock trading signal with well defined strategy, it’s possible to make the most of intraday trading.  



    Saturday 7 November 2015

    How to Trade By Malaysia Hot Stock Market?


    The Bursa Malaysia previously known as Kuala Lumpur Stock Exchange (KLSE) is a major stock market in Malaysia which monitors the performance of 30 largest companies through its market capitalization which is registered on main board of the Bursa Malaysia. When trading in Malaysia stock market, follow some below mentioned malaysia stock picks to get start.

    Step 1: Know Your Market

    Knowing about the listed companies in stock market and which stock to buy today is necessary before investing, as there are several stock markets around the world for trading. Depending on the movements in stock market and risk appetite, you can find such companies which are listed in Malaysia stock markets which will provide you more profits.

    Step 2: Open the Central Depository System

    Before investing in Malaysia share market, open a Central Depository Account System with Bursa Malaysia. A CDS is an electronically operated book entry system that record & maintain shares of owner with their transfers. It’s just like a saving your money in your bank account, you keep your particular share in this CDS account. You can open from the below mentioned two types of CDS account termed as “Nominee” & “Direct” account.




    Nominee Account:

    Your stock broker holds all your shares on your behalf in Nominee account. The main importance of this nominee accounts is that your stockbroker takes the responsibility of your administrative tasks or any paperwork work for you.

    Direct Account:

    It’s just an opposite of nominee accounts. In ‘Direct account, you have to handle all your activities & tasks related to your shares.
    You can choose from the above account as per your requirements. If you can do administrative work by your own or if you can keep patience to handle these issues, you can surely choose ‘Direct account’.

    Step 3: Select a Advisory

    Once you’ve your CDS account, you’ve to get a broker or advisory firm which helps you for how to start stock trading in Malaysia. If you’re an investor in Malaysia share market, then you can get trustworthy Bursa Malaysia Stock Picks & advisory services offered by several financial institutions. You can also check out share trading comparison table for advisory services.

    Step 4: Be a Best Practitioner

    It’s not an easy task to earn money from trading your shares. It’s recommended that you have to do practice & have to be an expert by getting accurate klse stock recommendations for better returns. Practicing about the trading includes detailed research about the company’s business strategies, company’s relationship with customers & suppliers and where it is placed among its other competitors.

    Wednesday 21 October 2015

    Malaysia News Highlights - 21st Oct 2015


    • Bursa Malaysia opened slightly lower on weaker buying demand in selected heavyweights, however, the benchmark index managed to hold above the 1,700 points level.There were 161 gainers, 193 loosers while 214 counters were unchanged, 1,258 untraded and 32 others were suspended.
      The FTSE Bursa Malaysia Kuala Lumpur key index down 3.84 points, after opening 2.32 points weaker at 1,715.88.
       
    • The ringgit opened easier against the US dollar as it failed to arrest its continuing decline against the greenback.
       
    • WCT Bhd has won a major infrastructure package at the Tun Razak Exchange (TRX), valued at RM754.8 million.

    • Affin Islamic Bank Bhd, Bank Islam Malaysia Bhd, Bank Muamalat Malaysia Bhd and Maybank Islamic Bhd have jointly established a consortium named Raeed Holdings Sdn Bhd to develop a multibank platform to market investment account products.
       
    • Glomac Bhd is appealing to Bank Negara Malaysia, the central bank, to be more flexible in providing end financing for prospective home buyers, as the rejection rate for home loans in the industry for the first six months this year is more than 50%, which is a worrying trend.
       
    • IOI Properties Group Bhd is buying land that is expected to generate an indicative gross development value (GDV) of RM20 billion within IOI City Resort from its major shareholders for RM1.58 billion.
       
    • Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd have become the latest in the growing list of banks offering severance packages to its employees in an effort to reduce operational costs through a mutual separation scheme (MSS).
       
    • BIMB Securities Research has maintained its “buy” call on WCT Holdings Bhd with a target price of RM1.75, 25.9% higher than the stock’s close of RM1.39 yesterday, after the company announced on Monday that it has secured a RM755 million infrastructure and roadway contract at the Tun Razak Exchange (TRX) in Kuala Lumpur.
       
    • Amcorp Properties Bhd (AmProp), co-investment partnership with Grosvenor Asia Pacific Ltd and Nan Fung, has acquired 14 office and three retail units totalling about 39,000 sq ft comprising about 8% of net rentable area in a 44-storey residential cum commercial high rise building in Tokyo.

    Wednesday 14 October 2015

    Forex Report - 14th Oct 2015


    EUR/USD



    EURUSD initially gained during the day moving towards 1.14 level. With the ZEW Economic Sentiment the pair fell to 1.1365 level, but we believe the pair is in uptrend and if it crosses 1.1465 level we may end up reaching 1.15 level and then probably to 1.16 level.



    GBP/USD



    GBPUSD initially rose during the but after the yearly CPI release came out to be -0.1% the currency fell against USD slicing towards 1.5245 level. GBPUSD has completely changed its and if we break below 1.5200 level we are sellers. Short term rallies may give us trading opportunities but we have to be at safer level if we enter the market.






    AUD/USD



    AUDUSD went back and forth during the day. The pair has changed the uptrend. 0.7285 is the immediate support at the moment and so if we break below this level we are sellers. The four hourly chart shows a clear rounding top. We do not see potential for buying at the moment.



    NZD/USD



    NZDUSD rallied during the day trying to break below 0.6660 level. The pair is in longer term up trend and the pull backs are the buying opportunities. 0.6740 level has been the major resistance in this market and we feel that if we break above this level we are longer term buyers. For short term trading we have to wait for right time to enter into the market.










    Wednesday 7 October 2015

    Malaysia News Update Today : 7th Oct 2015


    • Bursa Malaysia opened lower today on profit-taking activities and in tandem with the downtrend among regional peers.
      The FTSE Bursa Malaysia Kuala Lumpur key index was down 3.49 points to 1,659.02, after opening 3.86 points lower at 1,658.65.
       
    • The ringgit opened firmer against the US dollar in early trade Wednesday, supported by continued buying momentum amid weak sentiment for the greenback.
       

    • Crude oil surged 5 percent on Tuesday after the United States cut output forecasts, while global equity markets mostly rose on expectations the Fed will not raise interest rates this year, though Wall Street fell on slumping biotech stocks.
       
    • Malayan Banking Bhd (Maybank) remains confident of Indonesia’s long term economic outlook due to its strong fundamentals buoyed by stable fiscal and macro-economic policies.
       
    • AirAsia was in focus on Wednesday on news that the founders were sounding out investors to take the company private in a management-led buyout while oil and gas stocks climbed following the overnight jump in crude oil prices.

    Tuesday 29 September 2015

    3 Basic Factors You Must Know about Forex Trading


    FOREX market is all about trading in international exchange market where buying & selling of currencies are operated. FX market is the largest financial market in order to make instant capital. The reason why investors enter in the FOREX market is because of long term investments with good returns.

    How Forex market Operate:



    Forex market is operated 24 hrs from Sunday noon to Friday noon. The currency is analyzed to buy, by getting accurate Forex tips. For forex recommendations, it’s helpful for investors to deal with advisory firm through online medium or communication through cell phones.
    For the investors, predicting the currency price is very common thing but it’s recommended to get recommendations first & then analyze the market that helps investors to get profit potentials.


    Risk Management:



    It’s important to manage risk factors involved while investing in FX market. Besides this, keep away your emotions while trading because emotions lose your control in trading as a result of which it tends to lead in loss.
    With this, you must know your financial limits before investing. If getting proper FOREX TRADING SIGNALS then it’s easy to understand how to invest with limitations.


    Planning:



    It’s important to organize your investment plans strategically for long term trading perspective. Trade in FX market as a business instead of just thinking about earning money. It’s recommended to implement fundamental analysis about the company from which you’re buying currency.
    The fundamental analysis will provide you an idea about company’s revenue generation, assets values & management capability. Also it’s recommended to get recommendations via CURRENCY TRADING TIPS provider to get clear idea to execute your plans.

    Monday 28 September 2015

    Malaysia News Highlights- 28th Sept 2015



    • Bursa Malaysia opened lower today on poor buying sentiment after a long weekend with investors still cautious on global growth outlook
      The FTSE Bursa Malaysia Kuala Lumpur Composite was 1.85 points lower to 1,613.16 after opening 2.49 points easier at 1,612.52.
       
    • The ringgit continued its decline in early trade today, as the greenback strengthened amid the possibility for an increase in interest rates this year.
       
    • Foreign funds sold down their shareholdings in Malaysian equities in the week ended Sept 24 with net selling at RM1.268bil.
       
    • Tadmax Resources Bhd has received Bursa Malaysia's approval for a further extension of six months to complete its private placement exercise.
       
    • Mieco Chipboard is selling its unit Mieco Wood Products Sdn Bhd, which is mainly involved in reforestation, for RM35mil cash to repay borrowings and for additional working capital.
       
    • SYF’s net profit for the fourth quarter ended July 31, 2015 almost doubled to RM10.13mil following contribution from its property development segment.

    Friday 25 September 2015

    Market Review for KLCI

    Market Review for KLCI

    The FTSE Bursa Malaysia Kuala Lumpur Composite index lost 4.10 points or 0.25% on Tuesday. The Finance Index fell

    0.45% to 14189.02 points, the Properties Index up 0.24% to 1158.54 points and the Plantation Index down 0.15% to
    6994.46 points. The market traded within a range of 13.17 points.
    The KLCI closed down at 1635.37 points more than one-week low as Southeast Asian stock markets mostly fell. Market
    sentiment remained bearish after ringgit continues to slide and as crude oil prices dropped.

    Market forecast for KLCI

    The FBM KLCI index is expected to trade with bearish sentiments and can take support at 1604 as the investors sentiment
    can continue to remain negative on the back of the Chines economic slowdown.


    KLCI COUNTER SPECIFIC NEWS

    - 1Malaysia Development Bhd has expressed disappointment with Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz who apparently singled out the strategic development company for the ringgit's weakness.
    - Foreign selling of Malaysian equities continued for the second day Tuesday with net selling at –RM185.5mil while the market was supported by local funds with local retailers nibbling.
    - Iris Corp Bhd expects to see better performance for its financial year ending March 31, 2016 , mainly driven by its trusted identification division, housing project in Papua New Guinea and waste to energy incinerator plant in Phuket, Thailand.
    - 1Malaysia Development Bhd has expressed disappointment with Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz who apparently singled out the strategic development company for the ringgit's weakness.
    - Foreign selling of Malaysian equities continued for the second day Tuesday with net selling at –RM185.5mil while the market was supported by local funds with local retailers nibbling.
    - JAKS Resources Bhd has secured US$1.402 billion (RM5.82 billion) in financing to partly fund the construction of a coal-fired thermal power plant project (IPP project) in Hai Duong province, Vietnam.
    - Eco World Development Group Bhd has proposed to buy 2,198.4 acres of leasehold land in Ijok, Kuala Selangor for RM1.181bil.



    GLOBAL FACTORS AND WORLD INDICES

    * Hong Kong and Shanghai stocks tumbled Wednesday after a gauge of Chinese manufacturing activity for September hit a six-and-a-half-year low, adding to worries about the world's number two economy. Hang Seng Index sank 2.26 per cent, or 493.67 points, to close at 21,302.91.
    * Australian shares tumbled to their lowest close in more than two years on Wednesday as concerns about the economic outlook for top trading partner China sent commodity prices lower, hitting sentiment across the board.
    * A plunge in a gauge of Chinese factory activity stoked fresh fears about the world's number two economy and the global outlook Wednesday, sending Asian markets tumbling after a heavy sell-off in New York and Europe.
    * Taiwan stocks fell on Wednesday after a survey showed factory activity in China - one of the island's biggest trading partners - contracted for the seventh straight month.
    * French private-sector activity rebounded in September from its summer torpor, as manufacturing output swung back to growth after two consecutive months f decline, according to a widely watched survey of businesses released on Wednesday.
    * Greek banks' capital shortfall may reach the upper end of a 10-25 billion euro (S$16-40 billion) range set out in the country's third bailout.
    * Malaysia's consumer price index in August edged up to 3.1 per cent from a year earlier due to sustained price increases in household expenses despite lower fuel
    costs, data showed on Wednesday.
    * Malaysia's ringgit slid along with stocks and bonds as a measure of factory output in China added to signs Asia's largest economy slowing, spurring demand for the relative safety of the dollar.
    * Gold struggled on Wednesday to recover from its losses over the previous two sessions, as the dollar hit its highest in nearly three weeks on expectations the Federal Reserve would hike US interest rates this year.
    * Oil prices dipped on Wednesday, reversing early gains, as weak economic data from China weighed on commodities and added to the woes of an oversupplied market that has seen prices more than halve since June 2014.

    Thursday 24 September 2015

    Forex And Comex Report - 24th Sept 2015

    EUR/USD

    EURUSD rallied during the day and slightly rose on Wednesday. It seems that the pair has changed its trend and is making a bullish candle. On the daily chart with the trend reversal we feel that the market will head up to 1.1295 level and once this level is cleared we can possibly reach near to 1.14 level. With no other thought, buyers have enter into this market and so the next daily candle will again be bullish.

    GBP/USD

    GBPUSD fell during the day slicing down to 1.5258 level. The pair is in the longer term down trend so we feel that we are still sellers in this market. The pair will touch 1.5180 level, but after that it may reverse and buyers can be seen in this market. If the major support of 1.5160 is broken then we can move much down to 1.49 level. The next daily candle is expected to change the current trend of the pair.



    AUD/USD

    AUDUSD fell during the day on Wednesday. The Australian Dollar is in the longer term down trend so we do not see potential for buying in this market at the moment. If we break down below 0.6900 level, the pair will make a new low and we may land to 0.67 or possible 0.66 level down there.

    NZD/USD

    NZDUSD rallied during the day, but we may get to see some major movements in the pair as the US market opens. New Zealand is in a longer term down trend and we are waiting for a candle that would break the major support of 0.6230 level. On this is cleared we can move down to 0.60 level and probably to 0.58 in the near future.



    Wednesday 23 September 2015

    Forex Today : 23rd Sept 2015


    EUR/USD

    EURUSD rallied during the day, just moving around 1.1145 to 1.1105 level. The currency pair is in the down trend and we believe it is only a matter of time that the trend may change at any time. The 1.1095 level is showing a major support so if we break this level we may move towards 1.1020 and then probably to 1.08 level. On the contrary, once we get above 1.1170 level we can see a trend change and we believe we would be buyers then. The next resistance seems to be somewhere near 1.13 level. With the next daily candle we feel buyers will enter into this market and so we may get to see a bullish candle.

    GBP/USD

    GBPUSD fell during the day slicing down to 1.52 level. The pair is in the longer term down trend so we feel that we may move down to 1.5190 level as the next support is seem to somewhere around this level. Up there, 1.5370 is the first resistance that can be seen in the daily chart so if we break this level we are buyers then and we can end up moving to 1.55 level. For now, we are surely sellers until we reach 1.5170 and then breaking this level can probably take the pair to 1.48 level.



    AUD/USD

    AUDUSD fell sharply after the China manufacturing survey pointed to weaker conditions with the currency. The pair is in the down trend so once we break below 0.7015 level we can reach 0.6965 level. It is only a matter of time that a fall can be seen with the currency pair. We do not see potential for buying this pair at all.

    NZD/USD

    NZDUSD fell as the china manufacturing survey effected the Australian Dollar. We believe we are standing on the major support at the moment so the next daily candle can change the trend in the market. But if we break below 0.6230 level then we are sure that the market may reach 0.60 level and then possibly move to 0.57 level. We have to wait for next daily candle and also for a major bearish candle that breaks the major support.

    Tuesday 22 September 2015

    Market Review for KLCI- 22nd Sept 2015


    The FTSE Bursa Malaysia Kuala Lumpur Composite index lost 4.10 points or 0.25% on Tuesday. The Finance Index fell 0.45% to 14189.02 points, the Properties Index up 0.24% to 1158.54 points and the Plantation Index down 0.15% to 6994.46 points. The market traded within a range of 13.17 points.
    The KLCI closed down at 1635.37 points more than one-week low as Southeast Asian stock markets mostly fell. Market sentiment remained bearish after ringgit continues to slide and as crude oil prices dropped.
    Market forecast for KLCI:
    The FBM KLCI index is expected to trade sideways as the investors sentiments can remain cautious after the FED officials comment on the interest rate hike, however if market finds fresh leads in coming session then it may give a positive movement.


    KLCI COUNTER SPECIFIC NEWS :
    • External pressures and not public debt are one of the issues that may cause rating agencies to rethink their ratings on Malaysia at present, said Fitch Ratings managing director and global head of sovereign and supranational group.
    • The ringgit opened lower against a rejuvenated US dollar today.
    • Oil markets have seesawed since the beginning of the week, torn between data that points towards a bottoming out of prices following an over 50 percent fall over the last year.
    • Alliance Financial Group Bhd (AFG) is planning to raise RM4 billion from a bond issue for general banking and working capital requirements as well as to finance existing debt redemption.
    • Berjaya Land Bhd saw its net profit for the first quarter ended July 31, 2015 drop 74% to RM9.91 million, from RM37.66 million a year ago, mainly due to higher prize payout coupled with the absorption of Goods and Services Tax (GST) expense, lower revenue from hotels and resorts business and higher finance costs.
    • Affin Hwang has downgraded FGV to Sell form Hold after the recent surge in the company's share price.

    GLOBAL FACTORS AND WORLD INDICES:
    • Shares in Hong Kong rose Tuesday following gains in New York after top Federal Reserve officials moved to reassure dealers about the US economy after being spooked by last week's decision to hold interest rates. The Hang Seng Index climbed 0.18 per cent, or 39.65 points, to close at 21,796.58.
    • China stocks rebounded for the second day on Tuesday, in a further sign of improving investor sentiment that may help the market gradually stabilise after the rout since mid-June.
    • Asian shares rose on Tuesday and the dollar held steady as US markets bounced back and the European Central Bank said it was prepared to ease monetary policy further.
    • Taiwan stocks rose on Tuesday mostly following overseas markets and some bargain hunting after the previous day's losses, but further gains were capped due to uncertainties ahead of the central bank's policy meeting.
    • The introduction of a new accounting standard for financial instruments will be challenging for the banking industry, especially when it comes to modeling for expected losses, the European Central Bank's supervisory chief said on Tuesday.
    • The dollar advanced against the euro and other leading currencies Monday on comments from US central bankers who continue to eye a 2015 interest rate increase.
    • US home resales fell more than expected in August, a cautionary sign for the US housing market which has recently looked on stronger footing. The National Association of Realtors said on Monday existing home sales dropped 4.8 per cent to an annual rate of 5.31 million units.
    • Gold steadied below a near three-week high on Tuesday, retaining overnight losses as Asian equities and the dollar edged higher and as investors worried over the possibility of a US interest rate hike later this year.
    • Oil prices rebounded on Monday , looked like a technical correction from heavy losses last week as the basic global oversupply picture remained intact.