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5 Dec 2013 - BC Daily Trading Floor

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Post by leecs1978 Thu 05 Dec 2013, 08:19

Good Morning to all traders

update from The Edge

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Post by hlk Thu 05 Dec 2013, 08:31

good morn:hi: 

happy trading  every1  ... Cash Cash
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Post by hlk Thu 05 Dec 2013, 10:48

Economy
US: Sales of new homes rebound from more than one-year low. Purchases of new U.S. homes rebounded in Oct from the lowest level in more than a year, signaling buyers are starting to take higher mortgage rates in stride. Sales jumped 25.4% to a 444,000 annualized pace, following a 354,000 rate in the prior month that was the weakest since April 2012, figures from the Commerce Department showed today in Washington. The median forecast of 62 economists surveyed by Bloomberg called for 429,000. (Bloomberg)
US: Companies boosted payrolls in Nov by most in year. Companies boosted payrolls in Nov by the most in a year, a sign that US employers were optimistic about demand after the end of a government shutdown a month earlier, a private report based on payrolls showed today. The 215,000 increase in employment exceeded the most optimistic forecast in a Bloomberg survey and followed a revised 184,000 gain in Oct that was larger than initially estimated. The median forecast of economists called for a 170,000 advance. (Bloomberg)
US: Fed says factories supported ‘modest to moderate’ expansion. Gains in manufacturing, technology and housing fueled “modest to moderate” economic growth from early Oct through mid-Nov, the Federal Reserve said. “Manufacturing activity continued to expand in most districts, with gains noted in the motor-vehicle and high- technology industries,” the Fed said. “Demand for professional business services experienced stable to moderate growth, especially in computer technologies.” (Bloomberg)
EU: ECB-stressed Italian banks cutting sovereign debt. Italian banks are paring their record holdings of sovereign bonds as the European Central Bank prepares to review their assets, forcing the government to find fresh investors to finance the euro-area‟s second-largest debt. “It‟s clear that with the so-called asset quality review and the new stress tests Italian banks will have to reduce” sovereign holdings, Maria Cannata, the head of Italy‟s debt agency, said last month. “I‟m confident we can compensate for this reduction with growing demand from foreign investors.” (Bloomberg)
UK: Strong performance from services. The services sector performed strongly in Nov; the CIPS/Markit services PMI recorded a level of 60. The results are evidence of continuing strong output growth in the sector, down 2.5 points from the 16-year high recorded in Oct. Activity and new business continued to rise and service providers expanded capacity by hiring new staff. (Financial Times)
India: Defiant as World Trade Organisation battle rolls on in Bali. India refused to back down on Wednesday from its threat to block the first global trade deal in a generation as efforts to negotiate a compromise accelerated. In a defiant opening speech to the World Trade Organisation‟s ministerial meeting in Bali, Anand Sharma, India‟s commerce minister, called for “historical imbalances in trade rules” to be redressed. He said India was determined to renegotiate a compromise solution on food security that it had agreed last month in Geneva. “Food security is essential for 4bn people of the world. For India food security is non-negotiable,” he said. (Financial Times)
India: Rupee allows Rajan to ease cash crunch for growth. India‟s interest-rate swaps are falling from a five-year high on bets a stable rupee will allow central bank Governor Raghuram Rajan to ease a cash crunch to aid growth, even as he fights inflation. The cost of locking in rates for one year has slumped 175 basis points from 10.2% on Aug 19, the highest since July 2008. Similar contracts in China jumped 53 basis points. The currency‟s 12-month implied volatility, a gauge of expected exchange-rate swings used to price options, declined to 13.5% yesterday from a 2009 high of 19.5% in August. (Bloomberg)
Indonesia: To keep tight stance as rupiah weakens. Indonesia‟s rupiah is “undervalued” after weakening to a four-year low and the central bank will keep its policy stance tight to restore investor confidence, Senior Deputy Governor Mirza Adityaswara said. Bank Indonesia may use policy tools including interest rates and reserve requirement ratios to curb inflation and shrink the current-account deficit to below 3% of GDP in 2014. The current account has been in deficit for eight quarters and was at 3.8% of GDP in the July-Sept period. (Bloomberg)
Markets
Cypark (Outperform, TP: RM2.70): To gain from new surcharge. Renewable energy player Cypark Resources will be ensured a steady income flow with the revised surcharge on electricity bill for the renewable energy fund. Cypark, the only listed renewable energy developer, is expected to benefit hugely from the revised surcharge and in tandem with the company‟s growing capacity. (StarBiz)
Puncak Niaga: Offer detrimental to shareholders. Puncak Niaga Holdings has come out strongly to say that it has refused the latest offer by the Selangor government that expired yesterday to acquire its water assets because such a move would be „detrimental to its shareholders. The company, in a press statement yesterday, claimed the deal would only give the company proceeds of RM1.555bn for its 100% stake in Puncak Niaga and 70% equity stake in Syarikat Bekalan Air Selangor (Syabas). This is far below the RM5.594bn stated price offered by Kumpulan Darul Ehsan (KDEB), the Selangor state investment arm. (StarBiz)
HELP: To be taken private? Tertiary education provider HELP International Corp may be taken private by a foreign private equity firm for around RM2.50 per share, sources said. HELP as well as Selangor Properties, which owns 51% in the company, have requested that both counters be suspended today, pending a material announcement. If this pans out as speculated, the takeover exercise would be the second major private education group to be bought over by foreign entities. (StarBiz)
SapuraKencana Petroleum: Mokhzani re-designated as nonexecutive director. In a surprising turn of events, Datuk Mokhzani Mahathir and his close associate, Yeow Kheng Chew, relinquished their executive director posts in SapuraKencana Petroleum and were re-designated as non-executive directors. Mokhzani, who held a 13.27% stake as at August, was also SapuraKencana executive vicechairman prior to the announcement. Market observers said the redesignations were related to Mokhzani‟s purchase of a 14.64% stake in Yinson Holdings in June this year for RM106.6m. Analysts said this could pose a conflict of interest to Mokhzani as he was also holding an executive position at SapuraKencana then. (Financial Daily)
MAS: Turnaround on right track, says MAS chief. The Malaysia Airlines (MAS) chief is hopeful that the national carrier will turn around in fiscal year 2014 as its strategy to improve profitability is bearing fruit. Group CEO Ahmad Jauhari Yahya said that MAS threeyear business plan, introduced in late-2011, is on the right track. However, some quarters chose to criticise the national carrier as it is still in the red. In the third quarter ended Sept 30 2013, MAS reported a loss of RM375.4m, despite a 12.4% improvement in revenue to RM3.9bn. (Business Times)
Rubber Gloves (Neutral): Glove prices likely to rise due to power tariff review. The electricity tariff review will increase production costs significantly for rubber glove manufacturers, according to the Malaysian Rubber Glove Manufacturers Association. Its president, Lim Kwee Shyan said electricity cost formed part of the energy cost which currently accounted for 10% of the rubber glove manufacturers total production costs. He said the production cost for 1,000 gloves would between 63 sen and RM1.90, depending on the type of equipment used. (StarBiz)
MARKET UPDATE
Global markets closed the Wednesday trading session on a weaker note, with US stocks falling for a fourth consecutive on renewed concerns that the Federal Reserve would begin its stimulus tapering sooner than later on account of stronger economic data released recently. Data today showed employers increasing payrolls in November by the most in a year, while Labor Department data tomorrow may show unemployment rate falling to a 5-year low of 7.2%. Another report showed the country‟s services industry expanding at a slower pace in November though purchases of new homes surged in October, indicating that homebuyers are starting to take in higher mortgage rates. Nonetheless, the Dow Jones Industrial Average and S&P 500 weakened however though not by much, slipping 0.2% and 0.1% respectively.
European equities weakened on the same concerns, made worse by the European Union‟s statistics office‟s confirmation of the euro-area‟s economic recovery almost stalling in the third quarter with a 0.1% after a 0.3% growth from Mar-June. All major benchmarks fell, with Germany, Spain and France hardest hit with losses of 0.9%, 0.7% and 0.6% respectively. UK‟s FTSE 100 and Italy‟s FTSE MIB slipped 0.3%.
Declines in Asian markets were more pronounced, though China‟s Shanghai Composite Index surged 1.3% despite President Xi Jinping hinting that the country may set its 2014 GDP growth target at 7% (2013 target: 7.5%), saying that the environment for economic and social development next year wasn‟t optimistic. Elsewhere, the Nikkei 225 and KOSPI slumped 2.2% and 1.1% respectively while the Hang Seng Index, Straits Times Index and FBM KLCI fell 0.8%, 0.9% and 0.1%.
Ekovest has been appointed as master contractor for the Duta-Ulu Kelang Expressway (DUKE) Phase 2 expansion, with the threeyear RM1.2bn contract likely to boost earnings going forward, and attract trading interest in the stock. The water industry consolidation saga in Selangor looks set to rumble on for a few more months (or years, perhaps) as both Puncak Niaga Holdings and Gamuda were unable to consider the offers made by the state government, citing respective reasons. Puncak‟s board of directors refrained from making a decision as its executive chairman and major shareholder Tan Sri Rozali Ismail was absent from a specially-convened meeting, though it did lambast the state government for making misleading statement detrimental to shareholders. Its contention was that only RM1.56bn was offered and not the RM5.59bn as expressed to the public. Gamuda meanwhile, said that it was unable to consider the state government‟s current offer as it removed a key component from the previous one dated 20 February which has resulted in a 90% reduction in the consideration amount. Furthermore, the 12% return on equity valuation methodology was deemed not fair as it failed to account for the concession‟s remaining tenure. Shares in HELP International and its parent Selangor Properties have both been suspended from trading. Another privatization exercise, perhaps?
Source: PublicInvest Research - 5 Dec 2013
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Post by hlk Thu 05 Dec 2013, 10:49

cmsb-cb ...  Dancing
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Post by hlk Thu 05 Dec 2013, 10:54

no1 chat liao ...Sleep
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Post by WinningHeart Thu 05 Dec 2013, 11:40

hlk wrote:cmsb-cb ...  Dancing
Susan Jie hosay Dancing Dancing Dancing Beer Beer Beer

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Post by WinningHeart Thu 05 Dec 2013, 11:41

hlk wrote:no1 chat liao ...Sleep
Peanut busy counting money now Dancing Dancing Beer Beer Thumbs Up Thumbs Up Thumbs Up

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Post by WinningHeart Thu 05 Dec 2013, 11:42

Need to go now ... wish all comrades huat huat Beer

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Post by hlk Thu 05 Dec 2013, 12:38

WinningHeart wrote:Need to go now ... wish all comrades huat huat Beer
u clear all positions ?
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Post by hlk Thu 05 Dec 2013, 12:43

WinningHeart wrote:
hlk wrote:no1 chat liao ...Sleep
Peanut busy counting money now Dancing Dancing Beer Beer Thumbs Up Thumbs Up Thumbs Up
patut lah diam2 smiling ... uems + tm bb huat !  Cash Cash Party Party Clap Clap
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Post by WinningHeart Thu 05 Dec 2013, 14:24

hlk wrote:
WinningHeart wrote:Need to go now ... wish all comrades huat huat Beer
u clear all positions ?
Ya ... cleared all position yesterday Beer

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Post by hlk Thu 05 Dec 2013, 16:07

WinningHeart wrote:
hlk wrote:
WinningHeart wrote:Need to go now ... wish all comrades huat huat Beer
u clear all positions ?
Ya ... cleared all position yesterday Beer
Thumbs Up
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Post by WinningHeart Thu 05 Dec 2013, 16:31

hlk wrote:
WinningHeart wrote:
hlk wrote:
WinningHeart wrote:Need to go now ... wish all comrades huat huat Beer
u clear all positions ?
Ya ... cleared all position yesterday Beer
Thumbs Up
but hand very ichy Headbang Headbang Headbang Headbang Giggle Giggle Giggle Giggle

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Post by WinningHeart Thu 05 Dec 2013, 16:34

MSM ... MSM-CJ ? .... Anyone in?

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Post by hlk Thu 05 Dec 2013, 17:12

WinningHeart wrote:
hlk wrote:
WinningHeart wrote:
hlk wrote:
WinningHeart wrote:Need to go now ... wish all comrades huat huat Beer
u clear all positions ?
Ya ... cleared all position yesterday Beer
Thumbs Up
but hand very ichy Headbang Headbang Headbang Headbang Giggle Giggle Giggle Giggle
u sapu msm-cj?Giggle
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Post by hlk Thu 05 Dec 2013, 17:14

WinningHeart wrote:MSM ... MSM-CJ ? .... Anyone in?
 watching maxis wo ... Sad
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Post by Cals Thu 05 Dec 2013, 17:29

close of session 

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ace
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warrant
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Post by hlk Thu 05 Dec 2013, 17:38

Pak Cals,  chiak  hong  kah ?Hi
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Post by Cals Thu 05 Dec 2013, 17:39

hlk wrote:Pak Cals,  chiak  hong  kah ?Hi
lol pua pi adala
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Post by hlk Thu 05 Dec 2013, 17:52

Cals wrote:
hlk wrote:Pak Cals,  chiak  hong  kah ?Hi
lol pua pi adala
u nw join ah tan BO team ?
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Post by Cals Thu 05 Dec 2013, 18:39

hlk wrote:
Cals wrote:
hlk wrote:Pak Cals,  chiak  hong  kah ?Hi
lol pua pi adala
u nw join ah tan BO team ?
nola we are always one team
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Post by hlk Thu 05 Dec 2013, 22:11

Cals wrote:
hlk wrote:
Cals wrote:
hlk wrote:Pak Cals,  chiak  hong  kah ?Hi
lol pua pi adala
u nw join ah tan BO team ?
nola we are always one team
lu pua pair kat ho boi ?
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Post by Cals Thu 05 Dec 2013, 23:05

hlk wrote:
Cals wrote:
hlk wrote:
Cals wrote:
hlk wrote:Pak Cals,  chiak  hong  kah ?Hi
lol pua pi adala
u nw join ah tan BO team ?
nola we are always one team
lu pua pair kat ho boi ?
lol just ok
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