11th Dec 2013 - BC Daily Trading Floor

11th Dec 2013 - BC Daily Trading Floor

Good day traders   

Dec 11th -Stocks To Watch Sumatec, Destini, Mah Sing, Perisai, i-capital, Goldis, BAssets
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sumatec
Highlight Sumatec says Rakuschechnoye O&G field to bring in RM144m fee income over 3 yrs from 2014
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ahtan breakout blog - the man is back
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SCABLE 5170
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ELSOFT 0090
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MAYBANK 1155

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buy call MBB C1 for cheap price and low %, ex around 1 month

force break round figure RM10

aim short term 10.30 / potential bb price 0.09

GENM 4715

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GENM-C3 > target mom 4.50 around 20% bb price upside

hottest bb yesterday on vol

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selamat pagi
scable???

good morn all ...    

tis line real bad ...  

Economy

US: Rising job openings show companies poised to hire. Job openings in the U.S. climbed in Oct to the highest level in more than five years, showing employers were looking beyond the budget impasse in Washington amid growing confidence in the economic expansion. The number of positions waiting to be filled rose by 42,000 to 3.93m, the most since May 2008. (Bloomberg)

US: Manufacturers ‘optimistic’ about growth in 2014. Sales will be stronger at US manufacturers in 2014 after revenue this year fell short of projections, according to a survey by the Institute for Supply Management. Purchasing managers at manufacturers estimate a 4.4% increase in sales in 2014. Revenue rose 3.4% this year. (Bloomberg)

EU: Germany bends in bank-failure talks before EU summit. Germany softened its opposition to two key elements of a plan for handling euro-area bank failures as European Union finance ministers race to break a deadlock on the proposal before next week’s EU summit. German Finance Minister Wolfgang Schaeuble yesterday opened the door to an agreement on giving the European Commission a role in saving or shuttering banks. Germany would also consider splitting talks on the proposed Single Resolution Mechanism, with parallel negotiations on a decision-making mechanism and on a common fund that has proven a lightning rod for criticism. (Bloomberg)

UK: Oct industrial production rises for a second month. UK industrial production rose for a second month in Oct, a sign that the economic recovery maintained momentum at the start of the fourth quarter. Output increased 0.4% from September, when it rose 0.9%. Factory production also increased 0.4%, while oil and gas extraction dropped 2.5%. (Bloomberg)

China: Retail sales accelerate as factory output slows. China’s retail sales unexpectedly accelerated in Nov while industrial output rose less than estimated, giving a mixed picture of growth as leaders gather in Beijing to set economic policies for the coming year. Factory production rose 10% from a year earlier. Retail sales advanced 13.7% and fixedasset investment excluding rural households showed a slowdown. (Bloomberg)
Economy

US: Rising job openings show companies poised to hire. Job openings in the U.S. climbed in Oct to the highest level in more than five years, showing employers were looking beyond the budget impasse in Washington amid growing confidence in the economic expansion. The number of positions waiting to be filled rose by 42,000 to 3.93m, the most since May 2008. (Bloomberg)

US: Manufacturers ‘optimistic’ about growth in 2014. Sales will be stronger at US manufacturers in 2014 after revenue this year fell short of projections, according to a survey by the Institute for Supply Management. Purchasing managers at manufacturers estimate a 4.4% increase in sales in 2014. Revenue rose 3.4% this year. (Bloomberg)

EU: Germany bends in bank-failure talks before EU summit. Germany softened its opposition to two key elements of a plan for handling euro-area bank failures as European Union finance ministers race to break a deadlock on the proposal before next week’s EU summit. German Finance Minister Wolfgang Schaeuble yesterday opened the door to an agreement on giving the European Commission a role in saving or shuttering banks. Germany would also consider splitting talks on the proposed Single Resolution Mechanism, with parallel negotiations on a decision-making mechanism and on a common fund that has proven a lightning rod for criticism. (Bloomberg)

UK: Oct industrial production rises for a second month. UK industrial production rose for a second month in Oct, a sign that the economic recovery maintained momentum at the start of the fourth quarter. Output increased 0.4% from September, when it rose 0.9%. Factory production also increased 0.4%, while oil and gas extraction dropped 2.5%. (Bloomberg)

China: Retail sales accelerate as factory output slows. China’s retail sales unexpectedly accelerated in Nov while industrial output rose less than estimated, giving a mixed picture of growth as leaders gather in Beijing to set economic policies for the coming year. Factory production rose 10% from a year earlier. Retail sales advanced 13.7% and fixedasset investment excluding rural households showed a slowdown. (Bloomberg)
MARKET UPDATE

US markets took a breather from record-breaking paces of recent days as investors contemplated the timing of the Federal Reserve’s stimulus tapering and on-going budget talks. On the latter, negotiators have reached an agreement to ease automatic spending cuts by USD60bn over two years and cap 2014 spending at USD1tln, though it will need to be approved by the US Congress before Dec 13, and in the process mend broken fences somewhat after recent rounds (over the last three years) of bipartisan voting and failed negotiations at the first time of calling. Separate reports showed job openings in the country climbing to a 5-year high, indicating employers’ greater willingness to hire now while another report showed wholesale trade sales and inventories rising more than forecast. For the day, both the Dow Jones Industrial Average and S&P 500 slipped 0.3% however.

European markets also closed lower ahead of the Federal Reserve meeting next week which may indicate clear signs on the timing of the Fed’s actions. Recent interviews by decision-making officials suggest a possible December action (though more are opposed to it than for) but a very likely one in the first half of next year. Of the major benchmarks, France and Germany’s were hardest hit, slumping 1.0% and 0.9% respectively. UK, Spain and Italy saw declines of 0.6%, 0.5% and 0.3%.

Most Asian markets fell, though those of emerging markets bucked the trend, as China’s industrial production expanded lesser-than-estimated last month. China’s Shanghai Composite Index was less affected by the country’s “weaker” economic data, only falling 0.03% overnight. The Hang Seng Index and Straits Times Index fell 0.3% and 1.0% respectively. Benchmarks in Malaysia, Thailand and Indonesia gained 0.1%, 0.4% and 1.5% however.

Perhaps the most exciting development of the day is the disposal of a 20% equity interest in Berjaya Times Square Sdn Bhd to the Sultan of Johor for RM250mn, resulting in a net gain of RM7.02mn to Berjaya Assets at the company level but an exceptional loss of RM149.15mn at the group level. The implied value of RM1.25bn for the 12-storey shopping mall and two 46-storey service suite towers spanning over a 7.5mn square feet gross area values the asset rather inexpensively (and which would result in total writedowns of close to RM745mn), though this particular transaction may also be a one-off in terms of pricing. Kian Joo Can (Outperform, TP: RM3.64) announced that Aspire Insight, the joint parties making a bid for its business assets and liabilities, has agreed to extend the offer until Jan 20, 2014 pursuant to the Board’s request to enable proper consideration. We still see the RM3.30 per share offer as low, considering the growth potential of the business and also recent packaging merger and acquisition transactions tagged at a 7.0x EV/EBITDA multiple which would put the value closer to RM4 on FY14 estimates. A sum-of-parts basis also yields almost similar numbers, considering the value appreciation of its land in the Batu Caves area.

Source: PublicInvest Research - 11 Dec 2013

Selamat Pagi   pak traders

drb-cv 0.07 ... winningheart huat ...    

hlk wrote:drb-cv 0.07 ... winningheart huat ...    

fuhhh DRB      

peanut wrote:

hlk wrote:drb-cv 0.07 ... winningheart huat ...    

fuhhh DRB      

wooo....0.08

peanut wrote:

peanut wrote:

hlk wrote:drb-cv 0.07 ... winningheart huat ...    

fuhhh DRB      

wooo....0.08

 0.085 ...   

Cals wrote:MAYBANK 1155

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buy call MBB C1 for cheap price and low %, ex around 1 month

force break round figure RM10

aim short term 10.30 / potential bb price 0.09

come on maybank...   

morning (Y)    

if drb continues it will try again year high or resistance at 2.90

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Cals wrote:if drb continues it will try again year high or resistance at 2.90

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come on DRB...  

demm inix, sumatec was the better trade, now stuck in some sanichi stock

Cals wrote:demm inix, sumatec was the better trade, now stuck in some sanichi stock

sumatec??... ya la...nampak menarik...

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which bb yg bagus... i think i miss the window CJ...   

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     CP

DAYANG 5141

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-all ex date is at least 4 months
- looking at premium we see top 5 good premium
- CE/CF best value however price
-CH/CI for cheaper entry price

peanut wrote:[You must be registered and logged in to see this image.]

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     CP

this fellow takut tak continue uptrend

Cals wrote:DAYANG 5141

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-all ex date is at least 4 months
- looking at premium we see top 5 good premium
- CE/CF best value however price
-CH/CI for cheaper entry price

CJ & CG ??