tag:blogger.com,1999:blog-90744170894402562272024-03-05T19:08:46.678+08:00Singapore Malaysia Stock Market Picks- SGX KLSESingapore Stock Market picks provide you with all your recent updates today. It provide SGX KLCI Forex Comex tips just to your hand. Perform research on stocks before trading.SGX stock picks provide you with stock, Forex, Comex free tips on your phone...Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.comBlogger279125tag:blogger.com,1999:blog-9074417089440256227.post-22651064498150756692018-11-22T14:43:00.001+08:002018-11-22T14:43:14.889+08:00600 USD FOREX profits in One Day<div dir="ltr" style="text-align: left;" trbidi="on">
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Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com4tag:blogger.com,1999:blog-9074417089440256227.post-60017836771173108792018-09-17T20:13:00.005+08:002018-09-17T20:13:31.256+08:00 ACTIVELY traded properties-counters : SEPT 2018<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="background-color: white;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><br style="color: #222222;" /><strong style="color: #222222;">MRCB</strong><span style="color: #222222;"> : closed at 70.5 cents (0.55 - 1.31) : PE 16.75 and NTA 1.11</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">IwCity : closed at 60.5cents (0.50 - 1.48) : PE 5.29 and NTA 0.97</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: blue;"><strong>TitiJaya</strong></span><span style="color: #222222;"> ; closed at 32cents (0.32 - 1.59) : </span><strong style="color: #222222;"><span style="color: blue;">PE 5.90</span></strong><span style="color: #222222;"> and </span><strong style="color: #222222;"><span style="color: blue;">NTA 0.92</span></strong><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">Ewein : closed at 69.5cents (0.305 - 0.885) : PE 7.77 and NTA 0.77</span><br style="color: #222222;" /><br style="color: #222222;" /><strong style="color: #222222;"><span style="color: blue;">Malton</span></strong><span style="color: #222222;"> : closed at 55cents (0.49 - 1.28) </span><strong style="color: #222222;"><span style="color: blue;">PE 5.14</span></strong><span style="color: #222222;"> and </span><strong style="color: #222222;"><span style="color: blue;">NTA 1.73</span></strong><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">Simeprop : closed at 1.19 (RM1.04 - RM1.78) : PE 12.65 and NTA 1.43</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;"> L&G : closed at 19.5cents (0.16 - 0.23) : PE 10.74 and NTA 0.3864</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">MahSing : closed at 1.05 (RM0.98 - RM1.59) : PE 7.91 and NTA 1.40</span><br style="color: #222222;" /><br style="color: #222222;" /><strong style="color: #222222;"><span style="color: red;">GSB : closed 20.5cents (0.085 - 0.255) : PE -47.71 and NTA 0.1001</span></strong><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">YongTai : closed at 80cents (0.785 - 1.75) : PE 25.07 and NTA 1.1386</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">YNHProp : closed 1.55 (RM1.15 - RM.166) : PE 27.57 and NTA 1.79</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">UEMS : closed at 84.5cents (0.69 - 1.26) : PE 10.55 and NTA 1.55</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: red;"><strong>Tanco</strong></span><span style="color: #222222;"> : closed at 7.5cents (0.07 - 0.165) : </span><strong style="color: #222222;"><span style="color: red;">PE -301.2</span></strong><span style="color: #222222;"> and NTA 0.2293</span><br style="color: #222222;" /><br style="color: #222222;" /><strong style="color: #222222;"><span style="color: red;">GOB</span><span style="color: red;"> </span></strong><span style="color: #222222;">: closed at 0.215 (0.20 - 0.43) : </span><span style="color: red;"><strong>PE -0.95</strong></span><span style="color: #222222;"> and </span><span style="color: blue;"><strong>NTA 0.84</strong></span><br style="color: #222222;" /><br style="color: #222222;" /><strong style="color: #222222;"><span style="color: blue;">OSK</span></strong><span style="color: #222222;"> : closed at 97.5cents (0.92 - 1.68) : </span><strong style="color: #222222;"><span style="color: blue;">PE 4.86</span></strong><span style="color: #222222;"> and </span><strong style="color: #222222;"><span style="color: blue;">NTA 2.1089</span></strong><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">KBunai : closed at 7.5cents (0.06 - 0.095) : PE 10.1 and NTA 0.1514</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">Thriven : closed at 30cents (0.175 - 0.65) : PE 10.07 and NTA 0.3409</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">E&O : closed 1.36 (1.34 - 1.69) : PE 19.26 and NTA 1.43 </span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">IOIPg : closed at 1.65 (1.47 - 2.08) : PE 11.59 and NTA 3.33</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">Matrix : closed at 2.10 (1.84 - 2.81) : PE 7.3 and NTA 1.64</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: red;"><strong>Ivory</strong></span><span style="color: #222222;"> : closed at 30.5cents (0.245 - 0.4) : </span><strong style="color: #222222;"><span style="color: red;">PE -144.14</span></strong><span style="color: #222222;"> and </span><strong style="color: #222222;">NTA 0.90</strong><br style="color: #222222;" /><strong style="color: #222222;"></strong><br style="color: #222222;" /><strong style="color: #222222;"><span style="color: red;">BJAsset </span>: </strong><span style="color: #222222;">closed at 28cents(27cents - 1.22) : </span><strong style="color: #222222;"><span style="color: red;">PE -21.96</span></strong><span style="color: #222222;"> and NTA 0.8922</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">MKLand : closed at 22cents(0.16 - 0.2850 : PE 10.83 and NTA 0.99</span><br style="color: #222222;" /><br style="color: #222222;" /><span style="color: #222222;">JKGLand : closed 8cents (0.08 - 0.11) : PE 23.53 and NTA 0.2222</span><br style="color: #222222;" /><br style="color: #222222;" /></span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3PHbtvdZyHfo_dRm-JEbCMlGJdCPocyz7LFpnPZ8PMYG4nMi5xtAD1JogFLam606OVbj6kyeRh5BSudbRTBSLZjTRoPE2qPLhZMvVE-wgib3BW2dZbplgE_NVyWGStO6aEl7X3xsKtTk/s1600/2018Sep-ENCORP-800x600.png" imageanchor="1" style="background-color: white; color: #888888; margin-left: 1em; margin-right: 1em; text-decoration-line: none;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><img border="0" data-original-height="600" data-original-width="800" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3PHbtvdZyHfo_dRm-JEbCMlGJdCPocyz7LFpnPZ8PMYG4nMi5xtAD1JogFLam606OVbj6kyeRh5BSudbRTBSLZjTRoPE2qPLhZMvVE-wgib3BW2dZbplgE_NVyWGStO6aEl7X3xsKtTk/s320/2018Sep-ENCORP-800x600.png" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.1) 1px 1px 5px; padding: 5px; position: relative;" width="320" /></span></a></div>
<span style="background-color: white;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><br style="color: #222222;" /><strong style="color: #222222;"><span style="color: red;">Encorp</span></strong><span style="color: #222222;"> : negative PE ...AVOID. drifting lower.</span><br style="color: #222222;" /></span></span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi87Su9mPBp-5pF6xGIIe_wE17Wyebt0XKaCPKIZj2n6VVmzO6HRdOgRY-zBt6ym7b9c6mhYPf_ZKtbkEfrJiI0ZPBYcalP0tslYOVFJGfyFD-eZdju-72NLOA26H0SjX4DaysJ9ckrAbA/s1600/2018Sep-MKH-800x600.png" imageanchor="1" style="background-color: white; color: #888888; margin-left: 1em; margin-right: 1em; text-decoration-line: none;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><img border="0" data-original-height="600" data-original-width="800" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi87Su9mPBp-5pF6xGIIe_wE17Wyebt0XKaCPKIZj2n6VVmzO6HRdOgRY-zBt6ym7b9c6mhYPf_ZKtbkEfrJiI0ZPBYcalP0tslYOVFJGfyFD-eZdju-72NLOA26H0SjX4DaysJ9ckrAbA/s320/2018Sep-MKH-800x600.png" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.1) 1px 1px 5px; padding: 5px; position: relative;" width="320" /></span></a></div>
<span style="background-color: white;"><span style="font-family: Times, Times New Roman, serif; font-size: large;"><br style="color: #222222;" /><strong style="color: #222222;"><span style="color: blue;">MKH</span></strong><span style="color: #222222;"> : at critical support RM1.30, cut-loss RM1.27 if you are buying at current 1.30 ... but if you bought at RM1.50 ... err ... RM2 or above, I don't know why you bought at that level and HOLDING to it. </span></span></span></div>
Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-46024549988080715302018-09-04T15:20:00.002+08:002018-09-17T12:51:06.517+08:00Are you NEW to Trading ?? JOIN US to LEARN and EARN<div dir="ltr" style="text-align: left;" trbidi="on">
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Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-86050083501593220742018-09-03T16:06:00.003+08:002018-09-03T16:07:30.613+08:00Oil price slips as trade war worries outweigh Iran sanctions, OPEC output up,<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "times" , "times new roman" , serif; font-size: large;">Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent energy demand, although impending U.S. sanctions on Iran and falling Venezuelan output limited the decline.</span></div>
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Benchmark Brent crude oil fell 35 cents to settle at $77.42 a barrel. U.S. crude slipped 45 cents to settle at $69.80.</div>
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<span style="font-family: "times" , "times new roman" , serif; font-size: large;">Brent closed the month 4.3 percent higher while U.S. crude gained 1.5 percent. Oil has been buoyed by tumbling Venezuelan output and declining shipments from Iran ahead of the imposition of U.S. sanctions on Tehran in November.</span></div>
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Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-88544105729848787132018-08-27T17:52:00.001+08:002018-08-27T17:52:10.571+08:00Silverlake Axis Ltd : A mixed bag but look to stronger FY19F ahead<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Times, Times New Roman, serif; font-size: large;"><span style="background-color: #edf2ff; color: #333333;">Silverlake Axis Ltd : A mixed bag but look to stronger FY19F ahead</span><br style="background-color: #edf2ff; color: #333333;" /><br style="background-color: #edf2ff; color: #333333;" /><br style="background-color: #edf2ff; color: #333333;" /><span style="background-color: #edf2ff; color: #333333;">Summary :</span><br style="background-color: #edf2ff; color: #333333;" /><span style="background-color: #edf2ff; color: #333333;">■ SILV’s results were below expectations with 4QFY6/18 and FY6/18 core net profit accounting for 22% and 87% of our full-year forecasts, respectively.</span><br style="background-color: #edf2ff; color: #333333;" /><br style="background-color: #edf2ff; color: #333333;" /><span style="background-color: #edf2ff; color: #333333;">■ Negative surprise in 4QFY18 came from RM12.8m impairment of goodwill for its SHGH JV in 4Q18.</span><br style="background-color: #edf2ff; color: #333333;" /><br style="background-color: #edf2ff; color: #333333;" /><span style="background-color: #edf2ff; color: #333333;">■ We expect stronger FY19F ahead on the back of RM340m order backlog.</span><br style="background-color: #edf2ff; color: #333333;" /><br style="background-color: #edf2ff; color: #333333;" /><span style="background-color: #edf2ff; color: #333333;">■ Maintain Add with an unchanged TP of S$0.56.</span></span></div>
Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-78458884257726031302018-08-24T17:38:00.002+08:002018-09-03T14:45:41.522+08:00Do you trade in SGX KLSE FOREX ?? Not able to make profits ?? Want to learn the professional way to trade in KLSE ?? <div dir="ltr" style="text-align: left;" trbidi="on">
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Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com1tag:blogger.com,1999:blog-9074417089440256227.post-63990601239485291072018-01-29T18:16:00.001+08:002018-01-29T18:16:50.760+08:00Technical Analysis Of George Kent (Malaysia) Bhd<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">Just like Superman (Clark Kent), this stock George Kent seems to be soaring high into the sky like it's brother. After going up 30,000 feet, will it continue to move higher?</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">All indications seem to point to a bullish bias.</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">A stock that is in an uptrend tends to go higher and higher and higher surprising many people. Anyway, let's take a look at what the charts are telling us.</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"><img data-pin-media="http://www.dstockmarket.com/images/4georgekentjan292018.png" src="http://www.dstockmarket.com/images/x4georgekentjan292018.png.pagespeed.ic.JPi5ZaNRs6.webp" style="box-sizing: border-box; margin: 0px; max-width: 100%;" width="1000" /></span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">The chart above is the daily chart of George Kent.</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">It had been in an uptrend for a very long time. With the stock staying above the rising 200 MA, this stock is in a bullish state for the long term.</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">If you look carefully at the volume which is below the price, you will see lots of volume spike in this stock. This tells us that the stock is being accumulated by investors. There is lots of buying interest in the stock which is why it keeps going higher and higher and higher.</span></div>
<div style="background-color: white; color: #4c4c4c; margin-bottom: 1.5em; margin-top: 1em; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">Volume is extremely important to spot a stock that will shoot up higher. That is why you should pay attention to unusual volume in your stock. Combine it with the fact that a stock is in an uptrend, you will get a recipe for a winning stock.</span></div>
<div style="background-color: white; color: #4c4c4c; margin-bottom: 1.5em; margin-top: 1em; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">Recently, the stock broke out of two small ascending triangles in the daily chart.</span></div>
<div style="background-color: white; color: #4c4c4c; margin-bottom: 1.5em; margin-top: 1em; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">This gave short term and mid term traders an opportunity to buy and participate in its ride up. Mid term investors should stay bullish on this stock as long as it trades above the daily rising 20 MA and 50 MA.</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"><img data-pin-media="http://www.dstockmarket.com/images/5georgekentjan292018.png" src="http://www.dstockmarket.com/images/x5georgekentjan292018.png.pagespeed.ic.PsdtCWIEkt.webp" style="box-sizing: border-box; margin: 0px; max-width: 100%;" width="1000" /></span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">Next, let us have a look at the weekly chart of George Kent.</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">The stock has more than met its weekly measured move target. I usually try to take some profits when a stock meet its measured move in the daily chart or even the 60 min chart. But since this stock is in an uptrend, investors can be a bit slow to take profits.</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">There is no sign of trend change in the daily chart so trend followers and longer term investors should continue to stay bullish on the stock. It is almost impossible to catch the exact top in a stock but some trend following method will help you to capture the majority of a move.</span></div>
<div style="background-color: white; color: #4c4c4c; margin-bottom: 1.5em; margin-top: 1em; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">Even in the weekly chart, we can see the presence of a weekly ascending triangle. Some will see it as a break above a weekly box. It does not matter. Those continuation patterns gave long term investors an opportunity to add to the stock.</span></div>
<div style="background-color: white; color: #4c4c4c; margin-bottom: 1.5em; margin-top: 1em; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">For those who are holding this stock for the long term, you will need some kind of trend following system to capture the uptrend moves. As long as the stock stays above the rising weekly 20 MA and 50 MA you should be bullish. Be cautious if it starts to drop below any one of them.</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"><img data-pin-media="http://www.dstockmarket.com/images/6georgekentjan292018.png" src="http://www.dstockmarket.com/images/x6georgekentjan292018.png.pagespeed.ic.yrUwygE4Lk.webp" style="box-sizing: border-box; margin: 0px; max-width: 100%;" width="1000" /></span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">Let me now cover the short term picture by looking at the 60 min chart of George Kent.</span></div>
<div style="background-color: white; color: #4c4c4c; margin-bottom: 1.5em; margin-top: 1em; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">The last continuation pattern in the 60 min chart was a 60 min box breakout. The stock met its 60 min measured move target and hence the correction. As long as George Kent can stay above this 60 min box, then we can assume that the stock will continue to drift higher.</span></div>
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Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com1tag:blogger.com,1999:blog-9074417089440256227.post-88423835554894995602017-09-15T13:44:00.002+08:002017-09-15T13:44:53.669+08:00WATCHLIST FOR TODAY 15 SEPTEMBER 17<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">1. INARI ...monitor for btreakoutof 2.53. TP 2.65 & 2.80</span></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">2. LIIHEN...monitor for breakout above 3.46...with increased volume </span></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">3. YONGTAI...EP 1.48 ....TP 1.55</span></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">4. CRESBLD...EP 1.10....TP11.20</span></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Our market is still under mild consolidation mode but selective ace & speculative counters should see rotational plays.</span></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Steel
theme play has seen most steel counter being pushed up considerably
high. ..be cautious of a possible retracement in this sector which badly
need a breather though the longer term outlook for metal counters look
promising. </span></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><br /></span></span></div>
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<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Can also look into rubber counters as rubber price is on the uptrend</span></span></div>
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Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com1tag:blogger.com,1999:blog-9074417089440256227.post-82943966849540537182017-09-15T13:43:00.003+08:002017-09-15T13:45:06.541+08:00Mild Support Tipped For Singapore Shares<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The Singapore stock market has finished lower in two straight sessions, dipping almost 15 points or 0.5 percent in that span. The Straits Times Index now rests just above the 3,220-point plateau although it may stop the bleeding on Friday.</span></span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The global forecast for the Asian markets is murky, thanks to mixed economic data, geopolitical concerns and a bump in crude oil prices. The European and U.S. markets were mixed and little changed and the Asian bourses figure to follow suit.</span></span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The STI finished modestly lower on Thursday following losses from the financials, plantations and industrials.</span></span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Among the actives, Singapore Press Holdings surged 1.91 percent, while Yangzijiang Shipbuilding skidded 1.70 percent, CapitaLand Mall Trust tumbled 1.44 percent, Golden Agri-Resources climbed 1.32 percent, Thai Beverage dropped 1.08 percent, Wilmar International shed 0.91 percent, Genting Singapore lost 0.43 percent, Oversea-Chinese Banking Corporation fell 0.18 percent, DBS Group dipped 0.15 percent and SingTel and Hutchison Port Holdings were unchanged.</span></span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The lead from Wall Street is unclear as stocks moved in opposite directions on Thursday - eventually finishing mixed, with the Dow hitting a fresh record closing high.</span></span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The Dow rose 45.30 points or 0.2 percent to 22,203.48, while the NASDAQ slid 31.10 points or 0.5 percent to 6,429.08 and the S&P 500 fell 2.75 points or 0.1 percent to 2,495.62.</span></span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">In economic news, the Labor Department noted a bigger than expected increase in consumer prices in August. The faster rate of inflation growth has raised concerns about the outlook for the Federal Reserve's monetary policy.</span></span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The Labor Department showed an unexpected pullback in initial jobless claims in the week ended September 9th.</span></span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Geopolitical concerns also generated some selling pressure after North Korea threatened to use nuclear weapons to "sink" Japan and reduce the U.S. to "ashes and darkness" for supporting a new round of sanctions by the United Nations.</span></span></div>
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<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Crude oil futures briefly surged above $50 a barrel for the first time in a month Thursday, as traders bet on renewed demand from U.S. refineries. October WTI oil gained 59 cents or 1.2 percent to $49.89/bbl, a six-week high.</span></span></div>
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Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-34111957507711903852017-08-17T13:41:00.000+08:002017-08-17T13:41:11.600+08:00BIMB 'buy', YTL 'hold', Johor Tin 'outperform'<div dir="ltr" style="text-align: left;" trbidi="on">
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<strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: inherit; font-size: 21px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">BIMB HOLDINGS BHD</strong></div>
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Buy (maintained)</div>
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Target price: RM5.05</div>
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We has kept its “buy” call on BIMB Holdings Bhd with a target price of RM5.05.</div>
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The research firm said there was uncertainty regarding the potential corporate re-organisation of its financial holding company structure that could be a key stock overhang for now.</div>
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A swift resolution of this could spark a re-rating, it said.</div>
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A number of banks in Malaysia such as RHB Bank Bhd, Alliance Financial Group Bhd and Affin Hwang Investment Bank have recently announced corporate exercises that involved the collapsing of their respective financial holding company structure.</div>
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“This essentially entails the transferring of the listed entity from the financial holding company to the bank.</div>
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“Financial holding companies that have existing financial holding company debts would have to undertake a dilutive rights issue to repay such debts in the process,” the research house said.</div>
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In BIMB’s case, the group has an outstanding 10-year sukuk amounting to roughly RM1.2bil, which means it would have to either undertake a one-for-four rights issue or dispose of its stake in Syarikat Takaful to redeem the sukuk at an earlier-than-scheduled date.</div>
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Nevertheless, we said BIMB’s share price has priced in the dilution if such an exercise was to be carried out.</div>
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“Given the group’s relatively-high holding company fully-loaded CET1 of 12.6%, we believe that it should be sufficient to meet Bank Negara’s minimum capital adequacy ratio requirements for a financial holding company in 2019.</div>
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“As such, the group should have no issues maintaining its current financial holding company structure and to gradually pay off its sukuk without having to raise a dilutive rights issue.</div>
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“But it should carefully assess whether there is an urgency to carry out such a dilutive exercise that is punitive to shareholders if existing capital base is sufficient to meet Bank Negara’s capital adequacy ratio for financial holding company in 2019,” it said.</div>
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On its oil and gas (O&G) exposure, BIMB’s total O&G loans account for 8.7% of its total loans books (RM3.5bil), while sukuk exposure stood at about 2% of its total investment securities portfolio (about RM308mil).</div>
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Of the 8.7% O&G loan exposure, nearly 90% were consumer loans (personal and mortgages) to O&G employees in relatively large corporate firms.</div>
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<strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: inherit; font-size: 21px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">YTL CORP BHD</strong></div>
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Hold (maintained)</div>
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Target price: RM1.44</div>
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AFFIN Hwang Capital has maintained its “hold” call on YTL Corp Bhd, with a lower target price of RM1.44 from RM1.70 previously.</div>
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Despite forecasting an improvement in financial year 2018 (FY18) forecast earnings, Affin Hwang believed the current share price has priced in the earnings growth expectations.</div>
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The improvement was mainly due to the forecast low-base effect in FY17.</div>
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“We cut forecast dividend payment per share (DPS) to 7 sen in FY17-FY19, following the 30% to 34% cut in our forecasts earnings per share, due to weaker results from the cement operations,” the research house said.</div>
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Affin Hwang said there could also be more downside risks if YTL Power lowered its DPS below 10 sen, as a 0.5 sen decline in YTL Power’s DPS would lead to a 0.2 sen reduction in YTL Corp’s DPS.</div>
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In the meantime, the house said the cement business remained challenging in FY17 due to overcapacity and weak demand from the property segment.</div>
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Although the research house expects a higher demand from infrastructure and property in FY18, it believed the incremental demand is not sufficient to absorb the overcapacity, limiting the upside of recovery in earnings.</div>
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“Given that more than 30% of our realisable net asset value (RNAV) is derived from its cement operations, changes in the segment will have a significant impact on our realisable net asset value (RNAV).</div>
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Apart from the construction job for the Tanjung Jati “A” power plant project (which Affin Hwang expects YTL Power to achieve financial close by year-end), it also believed that YTL Corp could benefit from rail-related infrastructure projects in Malaysia, given its track record in delivering the Express Rail Link.</div>
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“We expect close to RM120bil worth of rail-related contracts will be awarded from the second half of 2017 onwards.</div>
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“However, the earnings upside from these contracts are unlikely to compensate for the weaker results overall,” it added.</div>
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<strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 0px; font-family: inherit; font-size: 21px; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">JOHORE TIN BHD</strong></div>
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Outperform</div>
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TargetpPrice: RM1.86</div>
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PUBLIC Investment Bank (PublicInvest) has initiated coverage on Johore Tin Bhd (JTB) with an “outperform” call and a target price of RM1.86, implying an upside of 36.8% from its last traded price.</div>
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“We like JTB for its growth opportunities in the milk powder segment, increasing food and beverage contributions from potential capacity expansion plans in the sweetened condensed and evaporated milk segments, and growth opportunity in the American continent from new ventures in Mexico as well as healthy balance sheet,” PublicInvest said.</div>
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As such, the research house believed that JTB deserved a higher price to reflect its underlying value.</div>
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On JTB’s milk powder segment, the management expects utilisation rate of its new milk powder packing factory to increase from 35% in FY17 up to 70% in FY19.</div>
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“At the current capacity utilisation of 15%-16%, we estimate this segment currently generates an operating profit of about RM2mil-RM3mil in the first quarter of FY17.</div>
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“If it manages to achieve a 75% utilisation, operating profits may grow exponentially to between RM50mil and RM55mil, although this will take a good three to four years to attain.</div>
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“We anticipate the addition from the profit of Able Food may potentially double the group’s bottom line (which was just RM35.6mil in FY16),” PublicInvest said.</div>
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In the next six to eight months, JTB plans to upgrade its machinery and production lines for the sweetened condensed and evaporated milk businesses.</div>
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Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com3tag:blogger.com,1999:blog-9074417089440256227.post-16142359911022994542017-08-17T13:14:00.002+08:002017-08-17T13:14:44.726+08:00ECONOMIC NEWS<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · Press Metal’s 2Q net profit up slightly to RM150m, declares 1.5 sen dividend</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · Dialog posts 33% increase in 4Q net profit on higher JV contributions</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · Sunway acquires land in Wangsa Maju for RM51m</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · Taliworks 2Q net profit plunges 92% on higher operating costs</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · Pharmaniaga’s 2Q net profit down 36% on temporary closure of certain production lines</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · Paramount’s 2Q net profit down 39% on lower property segment earnings</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · Fed policymakers grow more worried about weak inflation</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · As Nafta talks begin, Trump’s ‘America First’ agenda looms large</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · US oil drillers keep pressure on OPEC with record shale output</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · US housing starts, permits down sharply in July</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · China regains spot as largest foreign US creditor</span></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;"> · China's Belt and Road acquisitions surge despite outbound capital crackdown</span></div>
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Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-30695599205082684942017-08-17T13:13:00.004+08:002017-08-17T13:13:45.953+08:00August 15 + 16 day performance express • Quarter report summary for 15/8 + 16/8<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Times, "Times New Roman", serif; font-size: large;">Friends who are interested can learn more about quarterly reports for more details! PM me or register -</span><span style="font-family: Times, "Times New Roman", serif; font-size: large;"> </span><a data-ft="{"tn":"-U"}" href="https://l.facebook.com/l.php?u=http%3A%2F%2Fgoo.gl%2FPm187a&h=ATM4ynhzA0z581hz1AIGxaAwlxkKY-XDO_jeTgzvD4kGUBQr4KFXJRGz_K9ucmjr-Yq733qSWyvstWK504HpHVVfWxqCsJMOas7VXmPTTwhb4qThESHS1P585TYSgVCeNvfs7DrPRmSl7gVPbYpjE_k&enc=AZOltDfXM9fKFxzvHKqG22suHDzcDRWu6jQ0u5xY9HxdhWkKLWwuuTXcfDTfTeJ751xGMA-i1Cc5fGB3QnBniSl8w2fe7Ts5LScmPxdn2Q1-KhjNNZ8lrhF_NZZN2FAFbDrelTnvcC0oKCVDEqOplcj5eId4CXdyVV6amTvXAvWGh4ubNfXNrSDigYpVPUZdqybE8E0RBL7Gx74BPldZtowg&s=1" rel="nofollow noopener" style="color: #365899; cursor: pointer; font-family: Times, "Times New Roman", serif; font-size: x-large; text-decoration-line: none;" target="_blank">goo.gl/Pm187a</a></div>
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<span style="font-family: Times, Times New Roman, serif; font-size: large;">It's time for quarterly reports! Today we combine these two days with a good company. Many companies in this quarter are less than in the last quarter, and they are in line with the forecasts of analysts a few months ago, but there is a good surprise for companies. The author o<span class="text_exposed_show" style="display: inline;">nly focuses on the performance of a number of companies, and may ignore some details.</span></span></div>
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[Petgas]</div>
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- Market Cap: RM37.358 bil</div>
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- Turnover breakthroughs.</div>
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- net Qoq-8.18 %; yoy + 5.34 %</div>
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- it's a little bit higher than last year.</div>
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- it's a stable blue chip.</div>
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- the oversupply of natural gas is one of the hidden worries </div>
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【PMETAL】</div>
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- Market Cap: Rm12. 284 billing</div>
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- Turnover and net breakthrough history.</div>
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- net Qoq + 1.43 %; yoy + 2.80 %</div>
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- profit from operation.</div>
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- Fy2017 1 H already earn 23.9 % MORE THAN QSI 1 H</div>
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- China's reduced production and metal prices.</div>
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- next company will be on fire.</div>
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- estimated fy2017 overall performance lasts better than qsi</div>
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【】 dialog</div>
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- Market Cap: Rm10. 888 bills</div>
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- Turnover and net breakthrough history.</div>
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- net Qoq + 9.69 %; yoy + 32.87 %</div>
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- Fy2017 Earns 25.67 % more than qsi</div>
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- the middle and Downstream Business of the big horse and gas industry is very positive.</div>
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- currently pe= 28, not cheap, but there's room for growth.</div>
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- management seems to have a lot of confidence in it.</div>
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【AHEALTH】</div>
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- Market Cap: RM555.3 mil</div>
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- Turnover breakthroughs.</div>
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- the net is the highest in six quarters.</div>
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- net Qoq + 2.04 %; yoy + 6.72 %</div>
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- net cash, net cash up to rm75. 5 MIL</div>
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- there's only 117 million shares in stock.</div>
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【I】</div>
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- Market Cap: RM196.2 mil</div>
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- Turnover breakthroughs.</div>
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- net Qoq + 3.08 %; yoy + 821.69 %</div>
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- profitability is starting to stabilize, for three consecutive quarterly net gains over rm2 mil</div>
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- main credit to the sales volume of metal-related products and to higher prices</div>
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- the company has also launched a comprehensive development project, which is expected to be launched.</div>
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- the review of performance and prospect has been written for two pages.</div>
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- management seems to be very optimistic about fy2017.</div>
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【ORNA】</div>
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- Market Cap: RM104.6 mil</div>
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- Turnover is historic.</div>
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- net Qoq + 54.59 %; yoy + 138.12 %</div>
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- cash flow is very positive, and cash is gradually increasing.</div>
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- although production costs increase, the sales increase or the net.</div>
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- there's only 75250 units in stock, low circulation.</div>
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- the stock price has risen almost 15 % today %, currently pe= 8.6</div>
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Planting Stocks, such as bkawan and klk, have declined, and the planting unit should not have too much to look at.</div>
</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-73987515102539107032017-05-29T20:51:00.000+08:002017-05-29T20:51:00.730+08:00Oil trades below US$50 as market pessimism over OPEC deal lingers<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Oil traded below US$50 a barrel after OPEC underwhelmed investors with its production-cut extension deal.</span></span>
</div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Futures fell 0.3 percent in New York. Prices closed 1.1 percent lower
last week after OPEC agreed to extend limits on crude output through
the first quarter of 2018. Saudi Arabia’s Energy Minister Khalid
Al-Falih said the oil-cuts strategy is working and that global
stockpiles will drop faster in the third quarter. US explorers added two
rigs last week to 722, the highest level since April 2015, Baker Hughes
Inc said Friday.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">“It’s huge inventories around the globe that are really keeping a lid
on prices, combined with the ability of those agile US producers who
scramble back into action should the oil price rise,” Michael McCarthy,
chief market strategist at CMC Markets in Sydney, said by phone. Trading
volumes were comparatively low due to public holidays in the US and the
UK.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Oil in New York clawed back from its tumble toward US$45 in the
run-up to the meeting in Vienna as Saudi Arabia and Russia rallied
support for the deal. Meanwhile, US inventories dropped seven weeks in a
row, though they still remain above the five-year average and
production rose to the highest since August 2015. Trading volumes were
comparatively low due to public holidays in the US and the UK.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">West Texas Intermediate for July delivery traded at US$49.67 a barrel
on the New York Mercantile Exchange, down 13 cents, at 3.45pm in Dubai.
Total volume traded was about 50 percent below the 100-day average.
Prices rose 90 cents to close at US$49.80 on Friday.<br /><strong><br />
US rigs</strong></span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Brent for July settlement was 11 cents lower at US$52.04 a barrel on
the London-based ICE Futures Europe exchange. The contract gained 69
cents, or 1.3 percent, to settle at US$52.15 on Friday. The global
benchmark crude traded at a premium of US$2.36 to WTI.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">“We believe the next big move for prices is up as oil inventories
fall at an even faster pace in the coming weeks,” Giovanni Staunovo, a
Zurich-based commodity analyst at UBS Group AG, said by email. While
U.S. shale output is set for “robust growth” in the second half of the
year, “we see the oil market tightening further in the coming quarters,”
he said.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Rigs targeting crude in the US increased for a 19th straight week in
the longest streak of gains since August 2011, according to Baker Hughes
data. While the number of working rigs has more than doubled from last
year’s low of 316, it was the smallest increase this year. Drillers in
the D-J/Niobrara Basin in Colorado led the growth last week, adding four
for a total of 27 oil rigs in the region.</span></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-87618741153845423072017-05-29T20:49:00.001+08:002017-05-29T20:49:24.678+08:00Harn Len buys private company to get hands on Johor land<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"> Loss-making oil palm planter and property developer Harn Len Corp
Bhd announced today that it has bought a private company for RM24
million to gain access to a plot of land the latter owns in Johor
Bahru. </span></span>
</div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The target company is Midwest Equity Sdn Bhd and jointly owned by
Datuk Azizi Yom Ahmad (35%), Datuk Abdul Gani Yusof (35%), and Piagam
Wira Sdn Bhd (30%). However, Harn Len did not detail how big the land
is.<br />
<br />
“The basis of the Purchase Consideration was that the Land is located at
a strategic and prime location and thus, there is expected capital
appreciation and gain from future development,” Harn Len said in a
filing with Bursa Malaysia today.<br />
<br />
“The land is located in the heart of Johor Bahru City Centre and
approximately opposite the state's most strategic development,
comprising of six towers — a hotel, a hotel with residences, an office,
high rise medical suites, two serviced apartment towers and a mall,”
Harn Len added.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">According to Harn Len, its purchase of Midwest Equity — done on the
basis of willing-buyer, willing-seller — was funded via a combination of
cash and borrowings. As at end-2016, Harn Len has cash and bank
balances of RM3.12 million.<br />
<br />
Harn Lern owns 16,901ha of oil palm plantations, mainly in Pahang and
East Malaysia. It also operates a three-star hotel, Tropical Inn, which
is part of the 25-storey office tower known as Johor Tower.<br />
<br />
Listed on the main market since 2003, Harn Lern shares slid 1 sen or
1.22% to 81 sen today, for a market capitalisation of RM150.24 million.</span></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0Malaysia4.210484 101.97576600000002-11.794711 81.321469000000022 20.215679 122.63006300000002tag:blogger.com,1999:blog-9074417089440256227.post-89020165717973335652017-05-29T20:48:00.001+08:002017-05-29T20:48:18.097+08:00Genting 1Q net profit surges 361% on disposal gain<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Genting Bhd saw its net profit surge 361% to RM603.06 million or 16.2
sen per share for the first quarter ended March 31, 2017 (1QFY17), from
RM130.83 million or 3.52 sen per share in 1QFY16, helped by a gain on
disposal.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"> </span></span>
</div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Revenue for the quarter, however, grew a marginal 1% year-on-year to RM4.77 billion from RM4.71 billion.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">In a statement, Genting said its performance for the quarter was
boosted by a gain of RM302.2 million recognised from the completion of
the sale of Genting Singapore Plc’s 50% interest in associate Landing
Jeju Development Co Ltd.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The group said Resorts World Sentosa (RWS) benefited from the
stronger Singapore dollar exchange rate to the ringgit during 1QFY17,
translating to higher revenue for the quarter.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">As for Resorts World Genting (RWG), it reported stronger revenue
contribution due to better hold percentage from the mid to premium
segment of the business, even though business volumes were lower.
However, RWG pre-tax profit slid on higher costs related to the premium
players business, and costs incurred for the new facilities under
Genting Integrated Tourism Plan (GITP).</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The group’s operations in UK also saw lower revenue and pre-tax profit, due to the weaker British pound against the ringgit.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">As for its Resorts World Casino New York City (RWNYC), it saw better
performance following an improved commission structure with the New York
state authority, which, coupled with the stronger US dollar versus the
ringgit, drove revenue and pre-tax profit higher for its US and Bahamas
business.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">"There was also a lower adjusted loss before interest, tax,
depreciation and amortisation (LBITDA) from the Resorts World Bimini
operations in Bahamas following the cessation of Bimini Superfast cruise
ferry operations in 1QFY16," it said.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Meanwhile, its plantation business in Indonesia recorded higher
revenue and profit amid higher palm product selling prices and higher
fresh fruit bunch (FFB) production. But its plantation business in
Malaysia, despite higher prices, posted lower performance amid lower
sales.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The power division was impacted by lower construction revenue, due to
lower percentage of completion for the 660MW coal-fired Banten plant in
Indonesia, while the oil and gas division benefited from higher average
oil prices.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Going forward, the group said it continues to focus on the
development of GITP, which is expected to elevate RWG’s position as the
destination of choice in the region, while RWS remains focused on
growing the premium mass market.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">For the plantation business, Genting said the movements in palm
product prices and crop production trends will continue to have
significant influence. It expects FFB production growth to be driven by
the addition of newly-mature areas and the progression of existing
mature areas into higher-yielding brackets at its Indonesian estates.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Genting closed down 21 sen or 2.11% at RM9.73, giving it a market capitalisation of RM37.03 billion.</span></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0Malaysia4.210484 101.97576600000002-11.794711 81.321469000000022 20.215679 122.63006300000002tag:blogger.com,1999:blog-9074417089440256227.post-90476206849054663892017-05-26T13:21:00.002+08:002017-05-26T13:21:59.658+08:00M’sian Company To Subscribe RM1.87mil Shares In Chinese F&B Enterprise, Boosting E-Commerce Via Digital Free Trade Zone<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8uICGOeWB9WrwBqZDC-6cuuHmZLQ2mCGKs8rSXHGQUicsKavjJD7xDnYzdFg7fCaQEpR3-rt820TCfZCaw_8eLCYeAEsJax2PKGO7x-BACDzJ3NidKVXCeEBNPLhe7bUJTPM2ty7uahQ/s1600/sgx.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="168" data-original-width="299" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8uICGOeWB9WrwBqZDC-6cuuHmZLQ2mCGKs8rSXHGQUicsKavjJD7xDnYzdFg7fCaQEpR3-rt820TCfZCaw_8eLCYeAEsJax2PKGO7x-BACDzJ3NidKVXCeEBNPLhe7bUJTPM2ty7uahQ/s1600/sgx.jpg" /></a><span style="font-family: Times, Times New Roman, serif; font-size: large;">NetX Holdings Berhad announced its subscription of shares in Flavours of Malaysia (FoM) on Thursday, May 25.</span></div>
<div style="text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">NetX’s subscription of FoM’s shares
represent 51% of the issued and paid-up share capital, for a cash
consideration sum of RMB 3 million (RM1.87 million).<br /><br />FoM is a
wholly-owned foreign enterprise company incorporated under the laws of
China and has its business operations in Shenzhen, China and intends to
expand by establishing fulfilment centres in HangZhou together with
NetX.<br /><br />As FoM offers Malaysian specialty Food & Beverage
products in China, these fulfilment centres will conduct research and
development on Chinese national acceptance of Malaysian products and to
use the research findings to acclimatise the product to suit the local
taste buds.<br /><br />Together with NetX, the partnership also intends to
develop a Halal-certified e-commerce market place for goods and services
between Chinese and Malaysian consumers and will use NetX’s integrated
Mobile Electronic Payment Exchange for the payment services of this
eCommerce market place.<br /><br />“According to a report online, Consumers
in China spent $798 billion on food and beverage in 2014 and this is
projected to grow by a Cumulative Annual Growth Rate (CAGR) of 11 per
cent to reach $1.5 trillion by 2020.<br /><br />“Of this aggregate, China’s
estimated 26 million Muslims contributed around 0.1 percent, or $10
billion, estimates the State of the Global Islamic Economy 2015/16
report.<br /><br />“To disregard this huge market group is foolhardy.<br /><br />“NetX
is always and will continue to be on the lookout for populous,
profitable market penetration and our ultimate goal is to provide and
ensure a seamless, e-commerce and e-payment experience,” said Steve Tan,
Executive Director of NetX Holdings Berhad. <br /><br />The decision to
open the new fulfilment centres in HangZhou is based on Malaysia’s
recent e-commerce roadmap for the Digital Free Trade Zone (DFTZ) and the
establishment of regional e-fulfillment centres in Malaysia.<br /><br />The
DFTZ was launched by Prime Minister Datuk Seri Najib Razak and Alibaba
founder Jack Ma on March 22, 2017 to provide physical and virtual zones
to facilitate SMEs to capitalise on the convergence of exponential
growth of the internet economy and cross-border e-commerce activities.<br /><br />“DFTZ
is a testament to Malaysia’s unwavering commitment to propel the growth
of SMEs through e-commerce. It also marks a new phase of collaboration
between Malaysian and Chinese businesses through the participation of
Mr. Ma and Alibaba Group. I strongly believe that together, we can
achieve a more prosperous economic landscape that benefits the industry
and people,” Najib had commented.</span></div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">The partnership between NetX and FoM
could also be seen as a prelude to China’s One Belt, One Road (OBOR)
initiative, which is poised to contribute to the local economic
development.</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-37766335924618334532017-05-26T12:25:00.001+08:002017-05-26T12:25:40.934+08:00Active Runner in Focus: DRB-HICOM BERHAD (1619.KL)<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="background-color: white; box-sizing: border-box; color: #5f6569; line-height: 24px; margin-bottom: 20px; text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyHCibimDd0lUg4voEj-aoqi8ZhAZaNyd0ZLbOZxP8tFQJ8xjtVLxQOh2cp8B8gzanffSzVx500ztHhDSDv8gNiMTNoZ2FbbQlgTJP1G_ji_cpfbUDAnNi4XSf55mr2nOQO9c3Ii4oEDc/s1600/bursa.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="402" data-original-width="598" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyHCibimDd0lUg4voEj-aoqi8ZhAZaNyd0ZLbOZxP8tFQJ8xjtVLxQOh2cp8B8gzanffSzVx500ztHhDSDv8gNiMTNoZ2FbbQlgTJP1G_ji_cpfbUDAnNi4XSf55mr2nOQO9c3Ii4oEDc/s320/bursa.jpg" width="320" /></a><span style="font-family: Times, Times New Roman, serif; font-size: large;">Shares of <span style="box-sizing: border-box;">DRB-HICOM BERHAD (</span><span style="box-sizing: border-box;">1619.KL) are moving on volatility today </span><span style="box-sizing: border-box;">2.38% or $</span><span style="box-sizing: border-box;">0.04 from the open. </span><span style="box-sizing: border-box;">The</span><span style="box-sizing: border-box;"> </span><span style="box-sizing: border-box;">BM listed company</span><span style="box-sizing: border-box;"> saw a recent bid of $</span><span style="box-sizing: border-box;">1.72 and </span><span style="box-sizing: border-box;">70695100 shares have traded hands in the session.</span></span></div>
<div style="background-color: white; box-sizing: border-box; color: #5f6569; line-height: 24px; margin-bottom: 20px; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">Investors might have been ready to throw in the towel as the rally stalled recently. However, the panic subsided and growth-hungry investors came searching for their favorite stocks in the wreckage. Keeping things in perspective, the economy seems good, and so does earnings growth. Investors may be wondering where the money will be flowing in the second half of the year. Many people may assume healthcare and tech would be the easy targets, primarily because that’s where the earnings growth is. Industrials and staples are no slouches for growth either, but they may be well fully-valued for their growth. Traders will most likely be honing their strategies that they created, trying to beat the market over the next couple of months. </span></div>
<div style="background-color: white; box-sizing: border-box; color: #5f6569; line-height: 24px; margin-bottom: 20px; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">Digging deeping into the DRB-HICOM BERHAD (1619.KL) ‘s technical indicators, we note that the Williams Percent Range or 14 day Williams %R currently sits at -28.57. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.</span></div>
<div style="background-color: white; box-sizing: border-box; color: #5f6569; line-height: 24px; margin-bottom: 20px; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">DRB-HICOM BERHAD (1619.KL) currently has a 14-day Commodity Channel Index (CCI) of 78.66. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.</span></div>
<div style="background-color: white; box-sizing: border-box; color: #5f6569; line-height: 24px; margin-bottom: 20px; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">Currently, the 14-day ADX for DRB-HICOM BERHAD (1619.KL) is sitting at 37.26. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.</span></div>
<div style="background-color: white; box-sizing: border-box; color: #5f6569; line-height: 24px; margin-bottom: 20px; text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI for <span style="box-sizing: border-box;">DRB-HICOM BERHAD</span> is currently at 63.68, the 7-day stands at 62.14, and the 3-day is sitting at 60.68.</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0Malaysia4.210484 101.97576600000002-11.8789685 81.233578500000021 20.2999365 122.71795350000002tag:blogger.com,1999:blog-9074417089440256227.post-55793034360721642952017-05-22T12:52:00.002+08:002017-05-22T12:52:56.166+08:00HLT Global suffers net loss in first quarter post-listing<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">HLT Global Bhd, which was listed on the ACE Market of Bursa Malaysia
in January this year, suffered a net loss of RM206,000 for the first
quarter ended March 31, 2017 (Q1 FY17).</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;"> </span></span>
</div>
<div style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2zuGasHhYtwuHBPe4WcVHNLoZ0n1KNR_BEh9vZ6gQ_wZs9NK3CJ2hmm8oDVw7y98Y0ExYirazVvIWxib7mghx16GrCeGUrdJfaentUFiFHZ1Qg9nUsXRTc1f_1OHT_3j9egFij2c1Zbw/s1600/bursa.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2zuGasHhYtwuHBPe4WcVHNLoZ0n1KNR_BEh9vZ6gQ_wZs9NK3CJ2hmm8oDVw7y98Y0ExYirazVvIWxib7mghx16GrCeGUrdJfaentUFiFHZ1Qg9nUsXRTc1f_1OHT_3j9egFij2c1Zbw/s320/bursa.jpg" width="320" /></a><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">This is the second consecutive quarter of net loss for the group,
which reported a net loss of RM1.74 million in the fourth quarter ended
Dec 31, 2016 (Q4 FY16). Prior to listing, the group reported a net
profit of RM1.65 million in the third quarter ended Sept 30, 2016.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">In a filing with Bursa Malaysia last friday, the group said the Q1
FY17 net loss was due to lower revenue and the listing expenses
incurred. Revenue for the quarter stood at RM9.56 million, 38.9% lower
than RM15.64 million in Q4 FY16.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">"The decrease in revenue was mainly attributable to decline in
revenue from sale of new lines. The revenue from sale of new lines was
mainly contributed by five customers, made up of a combination of three
local orders and two foreign orders," it said.</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">The group said it recorded lower revenue from sale of new lines as most of the orders are near completion. </span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">However, it said that it achieved higher gross profit margin of
12.89% during the quarter compared with 10.12% in the preceding quarter.
It also secured a new foreign order from Vietnam which is expected to
contribute positively to its revenue.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">"The above, coupled with the incurrence of listing expenses of
RM295,000 during the current financial quarter, has resulted in the
group recording a pre-tax loss of RM197,000 for the current financial
quarter," it said.</span></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-35217514196239361082017-05-22T12:46:00.000+08:002017-05-22T12:46:37.472+08:00Singapore eDevelopment Ltd (SGX:40V) Cancer and Alzheimer’s Platform <div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Singapore eDevelopment Ltd (“SeD”), through its subsidiary Global
BioLife Inc. (“Global BioLife”), has initiated advanced research of a
new universal therapeutic drug platform, known as Linebacker, to combat a
range of diseases including Alzheimer’s, diabetes and cancer. The
research will be led by two-time Nobel Prize nominee, Mr Daryl Thompson.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span></div>
<div style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7RsgSx0i7w0tB_tcQx7mCZQWeSUq50WcM0HSASP2FGudjsF0IxRXa57GNawcMtDIfKUyMt2ZBN-p_QjGX5SPfWjVlBNoBDfsWfBzJVd4oy5Ti-SuaTmb8C3pWq5hEjYFYB4UfH_BK2NY/s1600/sgx.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7RsgSx0i7w0tB_tcQx7mCZQWeSUq50WcM0HSASP2FGudjsF0IxRXa57GNawcMtDIfKUyMt2ZBN-p_QjGX5SPfWjVlBNoBDfsWfBzJVd4oy5Ti-SuaTmb8C3pWq5hEjYFYB4UfH_BK2NY/s1600/sgx.jpg" /></a><span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Singapore Exchange-listed SeD said Mr Daryl Thompson will leverage on
his expertise in organic and carbohydrate chemistry and the use of
pandemic technology in combating the Ebola virus in the research and
development of this universal therapeutic drug platform, known as
Linebacker.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Unlike the traditional approach to cure individual diseases with
specific drugs, the Linebacker platform seeks to offer a breakthrough
option for multiple diseases to be cured. It can also potentially combat
drug-resistant viruses and antibiotic-resistant bacteria.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Mr Daryl Thompson will lead the research to be conducted by Global
BioLife in his capacity as Director of Scientific Initiatives. Global
BioLife is an 80%-held subsidiary of SeD’s wholly-owned subsidiary,
Global BioMedical Inc. The remaining stake of Global BioLife is held in
equal proportions by Mr Daryl Thompson’s GRDG Sciences LLC and Australia
Securities Exchange-listed Holista CollTech Limited.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-family: Times,"Times New Roman",serif;"><span style="font-size: large;">Mr Daryl Thompson was nominated for a Nobel Prize in 2015 and 2016
for his research in cutting-edge organic and carbohydrate chemistry as
well his research in pandemics technology to fight pandemics such as
Ebola. He has used his expertise to initiate research regarding
universal therapeutics to cure the world’s deadliest diseases. Mr Scott
Truesdell, Research Coordinator and Special Projects Leader at Global
BioLife, will execute the research on the Linebacker platform.</span></span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-78732430049085008052016-03-30T13:19:00.002+08:002016-03-30T13:19:26.622+08:00Singapore shares open 19.88 points higher on Wednesday<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<div style="text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">SINGAPORE share prices opened higher on Wednesday with the Straits
Times Index (STI) up 19.88 points to 2,838.96 as at 9.00am. US stocks
closed higher overnight, as the S&P 500 recorded a 2016 high on
Tuesday after Federal Reserve chair Janet Yellen called for caution on
raising interest rates.</span></div>
<div style="text-align: justify;">
<span style="font-family: Times, Times New Roman, serif; font-size: large;">Top gainers in early morning trade included Jardine C&C and Great
Eastern. Some 46.8 million shares worth S$49.1 million changed hands,
with gainers outnumbering losers 102 to 25.</span></div>
</div>
Anonymoushttp://www.blogger.com/profile/02038774436582001284noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-18643441754960808112016-01-21T17:58:00.003+08:002016-01-21T17:58:32.905+08:00Singapore shares close lower as HK, China indices and Dow futures slide<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiylUL-GPLbNbmbKpWodV2mm21Z4OGef03g9YmCV0E22rZwpt3N0JbFz9llz7FZyyQRqMYhw_l8_RUO6UzWTo03FvZjT8ns2r8qiB4hQASDTu7MuwF0hdQ5SnGCAZx6it-AOe5wSAeIRFk/s1600/SINGX345.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiylUL-GPLbNbmbKpWodV2mm21Z4OGef03g9YmCV0E22rZwpt3N0JbFz9llz7FZyyQRqMYhw_l8_RUO6UzWTo03FvZjT8ns2r8qiB4hQASDTu7MuwF0hdQ5SnGCAZx6it-AOe5wSAeIRFk/s320/SINGX345.jpg" width="320" /></a><span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">AFTER a short-covering bounce on Thursday morning that gave a
mistaken semblance of stability because it added 30 points to the
Straits Times Index (STI), pressure returned in force during the
afternoon session, leaving the STI 27.07 points worse off at 2,532.70 at
5pm.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Turnover remained elevated at 1.2 billion units worth S$1.4 billion
and, excluding warrants, there were 127 rises versus 288 falls. Of the
total volume traded, just over S$1 billion was generated by the 30 STI
components.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"><span id="innity-in-post"></span></span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Over in North Asia, the Shanghai Composite Index plunged 3.2 per
cent, taking 1.8 per cent off the Hang Seng Index, while a weak session
for the Dow futures indicated Wall Street would likely remain depressed
on Thursday. At 5pm, the March contract was trading at a 120-point loss.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Brokers said the volatility spike of the past few weeks and the
unpredictability of the China market was making it impossible to say
when the selling might end.</span></span></div>
</div>
Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com1tag:blogger.com,1999:blog-9074417089440256227.post-18586516124129402812016-01-12T19:07:00.001+08:002016-01-12T19:07:37.532+08:00Singapore stocks close lower as oil stocks take a beating<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAiGCSN65FpfpECNC8YYvDw086YgOsVgshU6oSfuv3wCcfwXhU93iheOBJJisCsh5i-8gS4hLS1CWRfwUQQdY8ep5MLbqCnl2zjWM1_q5UsJxFReqCxZsjjSPsPogINgqB8bZKc-p6PXo/s1600/images.jpeg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAiGCSN65FpfpECNC8YYvDw086YgOsVgshU6oSfuv3wCcfwXhU93iheOBJJisCsh5i-8gS4hLS1CWRfwUQQdY8ep5MLbqCnl2zjWM1_q5UsJxFReqCxZsjjSPsPogINgqB8bZKc-p6PXo/s1600/images.jpeg" /></a><span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">A NERVOUS silence reigned in most dealing rooms on Tuesday, as
markets kept wary eyes cocked in China's direction and as traders stayed
away in droves, worried that China's stock market plunges of the past
week are not yet over.</span></span></div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span><div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The relentless slide in oil prices meant heavy selling of offshore
and marine (O&M) stocks, which in turn dragged the Straits Times
Index (STI) 17.07 points lower to 2,691.78, its sixth loss in seven
sessions so far this year.</span></span></div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span><div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Turnover amounted to 1.8 billion units worth S$1.02 billion, of which
S$743 million or 73 per cent was done in the 30 STI components.
Clearly, institutions and programme traders were active, even if retail
players were not. Excluding warrants, there were 148 rises versus 273
falls.</span></span></div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span><div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">"Today should have been cancelled due to a lack of interest," said a
retail trading representative. "After Monday, we should have skipped
Tuesday altogether and gone straight to Wednesday."</span></span></div>
</div>
Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-36046780318848497702016-01-04T20:04:00.002+08:002016-01-04T20:06:18.078+08:00Oil prices rise 2pct after Saudi Arabia cuts ties with Iran<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjF8FlbfAY5vhIUHuJE-9bJHEJJ6qVHdxDxMm71JyeBXWzHMKoqe3zeiVjZEcZLCB8mxii4sHzYQooExiWl6pHTUti4hrVoMziAyr928ckbIISbSRPvdPjpSL050LcB3WTFe1Tzmxi9D90/s1600/images.jpeg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjF8FlbfAY5vhIUHuJE-9bJHEJJ6qVHdxDxMm71JyeBXWzHMKoqe3zeiVjZEcZLCB8mxii4sHzYQooExiWl6pHTUti4hrVoMziAyr928ckbIISbSRPvdPjpSL050LcB3WTFe1Tzmxi9D90/s1600/images.jpeg" /></a><span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Oil prices rose in Asia Monday after crude kingpin producer Saudi
Arabia cut diplomatic ties with Iran following a row over the Saudi
execution of a Shiite cleric.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"> </span></span>
</div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Saudi Arabia announced the decision Sunday, a day after protesters
ransacked its embassy in Tehran over the execution of the cleric, Sheikh
Nimr al-Nimr.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Saudi Foreign Minister Adel al-Jubeir said Iranian diplomats had 48
hours to leave. Iran's supreme leader warned Saudi Arabia it would face
"quick consequences" for the execution.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Fearing further upheaval in the already volatile Middle East, the
United States has urged regional leaders to try to ease tensions.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">At around 0610 GMT, US benchmark West Texas Intermediate for delivery
in February was up 77 cents, or 2.08 percent, at US$37.81. Brent crude
for February was trading 91 cents, or 2.44 percent, higher at US$38.19.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">"Oil started the new year on the mend, as Asian markets reacted to
fears that geopolitical tensions in the Middle East may threaten the
supply of oil," said Bernard Aw, market strategist at IG Markets in
Singapore.</span></span></div>
</div>
Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-53998065215622664882016-01-01T14:05:00.000+08:002016-01-04T20:06:30.434+08:00Ringgit likely to trade lower next week<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivv6iK4XPKZM9RQzCHVTXBGYRbWWQRR7vy7inzQnHk45umDNUexe7rYVvAn4HTWTvk4Y6KqM9c418FV6Rbj14z3HJGUlQQ6bho5O8SJVYRmtnPwovK_-UhGvmpt3awPgZpROrIOPkpuMM/s1600/Bursa_Malaysia_0.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="222" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivv6iK4XPKZM9RQzCHVTXBGYRbWWQRR7vy7inzQnHk45umDNUexe7rYVvAn4HTWTvk4Y6KqM9c418FV6Rbj14z3HJGUlQQ6bho5O8SJVYRmtnPwovK_-UhGvmpt3awPgZpROrIOPkpuMM/s320/Bursa_Malaysia_0.jpg" width="320" /></a><span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">The ringgit will likely trade lower versus the greenback next week on expectations of lower commodity prices, dealers said.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"> </span></span>
</div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">A dealer said the decline in the global oil prices has hit the currencies of commodity-dependent countries including Malaysia.</span></span></div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Last Wednesday, the benchmark oil, Brent crude, fell by over three
per cent towards 11-year lows, after data showed an increase in the US
crude supplies.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">He said this has caused the greenback to trade lower and influence other emerging currencies including the ringgit.</span></span></div>
<div style="text-align: justify;">
<br /></div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">"The local note will likely trade downwards if the commodity prices continue to weaken," he said.</span></span></div>
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">
</span></span>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">It was reported that the Brent crude went down by US$1.33, or 3.5 per cent, to US$36.46 a barrel. </span></span></div>
</div>
Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com0tag:blogger.com,1999:blog-9074417089440256227.post-17596907208519090992015-12-31T12:07:00.000+08:002016-01-04T20:08:08.896+08:00Second Chance's 1Q earnings rise 48.4% to $2.5 million<div dir="ltr" style="text-align: left;" trbidi="on">
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Second Chance Properties posted a 48.4% rise in earnings to $2.5
million for the 1Q16 ended Nov despite revenue recording a fall of 7.1%
to $8.2 million.</span></span></div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;"> </span></span>
</div>
<div style="text-align: justify;">
<span style="font-size: large;"><span style="font-family: Times,"Times New Roman",serif;">Sales from apparel business decreased to $1.74 million from $2.25
million a year ago. Of the $1.74 million, Malaysian apparel business
contributed $1.40 million. The closure of four shops in Malaysia, the
introduction of GST, the weakening Malaysian Ringgit and intense
competition there, all resulted in the decreased revenue.</span></span></div>
</div>
Trading Advisorhttp://www.blogger.com/profile/00268002023210826103noreply@blogger.com0