7th MAY 2012

last friday market HOT when i open thread , today sure HOT again [You must be registered and logged in to see this image.]

S&P 500 Futures Fall as France’s Hollande Wins Election


U.S. stock futures fell, after a
weekly drop in the Standard & Poor’s 500 Index, on Europe debt
crisis concern as Francois Hollande was elected France’s
president and Greek voters flocked to anti-bailout parties.

S&P 500 futures expiring in June dropped 0.6 percent to
1,354.10 at 7:01 a.m. Tokyo time.

“People would better buckle up,” Matt McCormick, who
helps oversee $6.2 billion at Bahl & Gaynor Inc. in Cincinnati,
said in a telephone interview. “There are still many hurdles in
Europe, there are no easy answers and the electorate is
rejecting austerity. People will take a renewed focus on Europe
and that focus is not positive.”

Socialist Hollande got about 52 percent against about 48
percent for Nicolas Sarkozy, according to estimates by four
pollsters. Hollande’s platform calls for policies German
Chancellor Angela Merkel opposes, including higher taxes,
increased spending and a delayed deficit-reduction effort. He
has also advocated a more aggressive European Central Bank role.
Greece’s poll casts doubt on whether the two main parties can
put together a government strong enough to implement spending
cuts to ensure the flow of bailout funds.

Merkel’s party had its worst result in more than half a
century in the northern German state of Schleswig-Holstein after
an election that put the Social Democrats within reach of
forming a coalition.

A reduction in austerity could put more pressure on the ECB
to act, according to David R. Kotok, Cumberland Advisors’s
chairman and chief investment officer.

‘More Monetary Ease’


“Political momentum moves toward more monetary ease,”
Kotok wrote in a note to clients. “We expect some form of
balance sheet expansion before the end of this year. We expect
credit spreads of weaker sovereigns to widen until the ECB
enters the market or discusses that it may do so.”

The S&P 500 fell 2.4 percent between April 27 and May 4,
for the worst week this year, as a report showed U.S. employers
added fewer jobs than forecast and Spain entered a recession.
The gauge was still up 8.9 percent in 2012 on better-than-
estimated earnings. About 70 percent of S&P 500 companies that
reported results since the start of the earnings season have
topped projections, according to data compiled by Bloomberg.

this year elections, crisis, wars here and there

in case that if end of the year = end of the world, means you have around 200 days to live [You must be registered and logged in to see this image.]

so ensure that you reserve and spend more time with your family and loves one,
do not make yourself too busy earning [You must be registered and logged in to see this image.] and neglected them. [You must be registered and logged in to see this image.]

Morning all

morning all!

Agree with inQic...family is important!

Good trading to all!

Yes, good morning to all...

good morning~

morning

Good morning Max sifu and comrades [You must be registered and logged in to see this image.] ... woke up late ... just manage to made some on KFC bb .... more bb hossay [You must be registered and logged in to see this image.]

WinningHeart wrote:Good morning Max sifu and comrades [You must be registered and logged in to see this image.] ... woke up late ... just manage to made some on KFC bb .... more bb hossay [You must be registered and logged in to see this image.]

congrats ... told u on fri ... kfc

hlk wrote:

WinningHeart wrote:Good morning Max sifu and comrades [You must be registered and logged in to see this image.] ... woke up late ... just manage to made some on KFC bb .... more bb hossay [You must be registered and logged in to see this image.]

congrats ... told u on fri ... kfc

ON!

Daily Summary - 7 May 2012

SUMMARY
Wall St closed 1.27% lower, reacting to the lower than expected jobs data. While unemployment dipped to 8.1%, there were 115,000 new jobs added, against expectation of 160,000 new jobs in April.
Dow of 13,038 is heading lower, following the breach of the key support of 13,100. Support is at 12,534. Resistance is at 13,116. RSI of 47 is weakening.
DOLLAR INDEX is higher at 80.0. Resistance is at 80.9.
Crude oil is lower at USD98.4. Support is at 92.5.
Dollar yen is lower at 79.8 yen. Downside is at 78.7.
Euro/dollar is lower at 1.300. Support is at 1.282.
Gold is higher at USD1645. Buy. It is about to resume its uptrend.
Shanghai closed higher at 2,452.
Singapore STI closed lower at 2,990.
Ringgit is weaker at 3.064. Downside is at 3.110.
S'pore ringgit is higher at 2.447. Upside is at 2.481.
Malaysian market closed higher 1591. On the Daily chart, it has bottomed at the recent low of 1566. Upside is at 1592. RSI of 53, is up. Stochastic is on an early buy. Support is at 1572. Today's range
is between 1582 and 1592.
CPO June futures is lower at RM3378. Support is at 3378.
Trading : CRESBLD ( 8591 : 1.10 ) : Take profit, DAIBOCI ( 8125 : 2.86 ) : Targeting 3.14/Stop loss 2.78, UEMLAND ( 5148 : 2.12 ) : Targeting 2.35/Stop loss 2.05, TA ( 4898 : 0.57 ) : Targeting 0.72/Stop loss 0.55
Source:Jupiter Securities Research 7 May 2012

OSK188 - 7 May 2012 : DAILY RESEARCH REPORT

On The Platter
MSC (FV RM5.60 ' BUY) Corporate News Flash: No Impact from New Mining Regulations
The Star reported on Saturday that the Indonesian government has imposed a 20% tax on some raw metal ore exports, and will prohibit shipments of raw materials unless miners submit plans to build smelters. The export ban will definitely affect mining companies, especially for those having long-term agreements with external parties. The rules are a precursor to a total ban on raw material exports by 2014. According to the report, tin ore is among the metals in the export ban list and Malaysia Smelting Corporation (MSC) operates its tin mining activities in Indonesia via its subsidiary, PT Koba Tin.

ADVANC (FV THB205.00 ' BUY) 1QFY12 Results Review: Surprised on the Upside

STARHUB (FV SGD2.80 ' NEUTRAL) 1QFY12 Results Review: All Priced In

KULIM (FV RM5.47 ' BUY) Corporate News Flash : Johor Corp To Buy Over QSR's Business

Market Review
Up, up and away.The FBM KLCI surged 7.87 pts to close at 1591.04 on Friday. News over the weekend include: Ta Ann Holdings Bhd is increasing the harvest of its plantation logs to produce hybrid plywood, Asia's economic growth will average around 5% to 5.3% in the next 3 years according to the Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah and Malaysia Smelting Corp Bhd will continue to pursue opportunities to expand its tin resources in Pahang, Kedah, Terengganu and Perak. Meanwhile, RAM Ratings is projecting a corporate default rate of between 0.5% and 1.1% for 2012 and DKLS Industries Bhd and the Selangor State Development Corp (PKNS) will jointly participate in the redevelopment of a proposed mixed property project with a gross development value of RM1.5bn. On the global front, the US markets and crude oil price closed lower on Friday, with the latter shedding USD4.05 to close at USD98.49/barrel.

MEDIA HIGHLIGHTS
US stock market slumps
US stocks slumped, sending the Standard & Poor's 500 Index (S&P 500) to its biggest weekly retreat this year, as data on the American and European labor markets fueled concerns the global economy is weakening. The Dow Jones Industrial Average fell 168.32 pts, or 1.3% to 13,038.27, while the S&P 500 shed 22.47 pts, or 1.61% to 1369.10. (StarBiz)

Claims for Bakun pile up
State-owned Sarawak Hidro SB, the chief promoter of the problem-plagued Bakun hydroelectric dam, is faced with claims of more than RM820m, raising the cost of what already ranks as one of the country's most expensive infrastructure undertakings. Financial executives close to the project said the Malaysia-SinoHydro Corp Joint Venture, a JV company led by Sime Darby Bhd, has submitted claims amounting to RM670m for the civil works of the mammoth undertaking. Separately, a consortium led by Argentina's IMPSA group, the chief supplier of turbines for the massive dam project, is seeking another RM140m from Sarawak Hidro. (Financial Daily)

Freight Management bullish on FY12
Logistics player Fright Management Bhd (FMB) is expecting another year of growth, boosted by its third party logistics (3PL) business and growth potential in the local logistics industry. Managing director Chew Chong Keat said FMB still has room to grow in the local logistics sector. He added that FMB has managed to maintain growth despite uncertainty in the logistics industry. (Financial Daily)

KFC and QSR buyout close to fruition
The buyout of KFC Holdings Bhd (KFC) and its parent, QSR Brands Bhd by the Johor Corp (JCorp)-led consortium is coming close to fruition with the JCorp board now finalizing the sale and purchase agreement (SPA), sources said. StarBiz had reported that a government-linked investment company (GLIC) would be part of a special purpose vehicle in the buyout exercise. They said the GLIC would be the second largest shareholder in KFC/QSR after JCorp, upon completion of the buyout. (StarBiz)- Please see accompanying report.

Brakes on plan to sell off Lotus
DRB-Hicom has put a stop to the plan by the former management of Proton Holdings Bhd to sell off Lotus Group International Ltd. It is understood that a closed-door meeting was held recently in Norwich, Britain, the home of the sportscar maker, headed by Proton's executive chairman and new Lotus chairman Datuk Seri Mohd Khamil Jamil. British media reported that Khamil met with British Business Secretary Vince Cable and South Norfolk member of parliament Richard Bacon to allay fears that Proton was about to pull the plug on Lotus. (BT)

MMC Corp looking to relist Malakoff
With Gas Malaysia Bhd almost ready to start trading on Bursa Malaysia, MMC Corp Bhd, a construction, power and port group, is planning another initial public offering (IPO) for its other subsidiary, Malakoff Corp Bhd. Group managing director Datuk Hasni Harun said MMC, owned by businessman Tan Sri Syed Mokhtar Al Bukhary, hoped to relist Malakoff by next year. On the rationale of listing its existing subsidiaries, Hasni said MMC was focused on strengthening its business capabilities and further explore ways to unlock the value of its assets. (BT)

Hibiscus unit secures Norway JV deal
Hibiscus Petroleum SB is expanding its involvement in the Norwegian oil and gas industry through a jointlycontrolled company with its local partner there, North Energy ASA. In a filing to Bursa Malaysia last Friday, it said that the joint company called Lime Petroleum Plc has secured 50% of North Energy's interests in four concessions in Norway. (Malaysian Reserve)

ECONOMIC HIGHLIGHTS
Thailand: Prasarn signals rate cut over as GDP forecast raised Thailand will refrain from further interest-rate reductions as an economic recovery that is exceeding the central bank's expectations prompts it to raise the 2012 growth forecast. Governor Prasarn Trairatvorakul said that Thailand will probably expand 6% this year, from a previous estimate of 5.7%, while inflation is still at a 'manageable level.' The Bank of Thailand has kept its benchmark rate unchanged at its past two meetings at 3%, a level that Prasarn said is in an 'accommodative zone' and will help strengthen the nation's growth. (Bloomberg)

Philippines: Inflation accelerates from 30-month low on fuel, food
Philippine inflation accelerated in April from a 30-month low on higher utility, fuel and food costs, reducing scope for the central bank to resume interest-rate cuts. Consumer prices rose 3% y-o-y, after a 2.6% advance in March. The median estimate was for a 2.6% gain. Inflation pressure may rise further after the government approved a fare increase for jeepneys, a popular mode of transport, and President Aquino said that wage boards would speed up discussions on higher minimum pay. (Bloomberg)

Australia: Central bank cuts growth, inflation outlook on weak hiring
The Reserve Bank of Australia (RBA) cut growth and inflation forecasts as weak job and housing markets keep price gains in check. The RBA said that labor market conditions have continued to be on the soft side to date, with large increases in employment in mining and some service industries roughly offset by declines in the manufacturing, hospitality and retail sectors. The central bank sees average growth of 3% in 2012, down from its February estimate of 3.5%. Consumer prices should rise 2.5%, from a previous prediction of 3%. (Bloomberg)

EU: Manufacturing, services shrink more than estimated
Euro-region services and manufacturing output contracted more than initially estimated in April, adding to signs of a deepening economic slump. A euro-area composite index based on a survey of purchasing managers\dropped to 46.7 from 49.1 in March. That's the fastest rate of decline since October and below an estimate of 47.4 published on 23 April. A reading below 50 indicates contraction. A gauge of euro-region manufacturing fell to 45.9 in April from 47.7 in March, while a measure of services dropped to 46.9 from 49.2. (Bloomberg)

UK: Home prices drop the most in 1.5 years as recession bites
UK house prices dropped the most in 1.5 years in April as a stamp-duty exemption for first-time buyers ended and the economy fell into its first double-dip recession since the 1970s. Prices dropped 2.4% from March, the largest monthly decline since Sept 2010, to an average GDP159,883. Prices had risen 2.2% in March. April values were down 0.6% y-o-y. Demand for homes was boosted earlier this year as first-time buyers took advantage of a tax exemption on purchases of homes costing less than GBP250,000 before it ended in March. (Bloomberg)

US: Job gains trailing forecasts, adding to concerns of US slowdown
American employers in April added the fewest number of jobs in six months and wages stagnated. The 115,000 increase in payrolls was less than the forecast of a 160,000 increase and followed a revised 154,000 gain in March that was larger than initially estimated. Unemployment fell to a three-year low of 8.1% as people left the labor force. The April increase in payrolls leaves the labor market 5m jobs short of the 8.8m lost as a result of the 18-month recession. Private payrolls during Obama's term in office turned to positive from negative in April, with a net gain of 35,000. Overall payrolls remain lower than when Obama was inaugurated because there are 607,000 fewer government workers, including federal, state and local employees. Average hourly earnings were USD23.38 in April, little changed from the month before. (Bloomberg)

Global: Consumer confidence gains
Global consumer confidence rose in the first quarter as improvements in the US economy and continued growth in Asian markets brought sentiment levels to the highest level since the global recession began. Nielsen said its index of consumer confidence rose 5 pts in the period to 94. North America rose 8 pts to 92 while Europe is the most pessimistic region at 72 pts, though confidence increased in 16 out of 27 markets there. Asia-Pacific continues to be the most optimistic area at 103 pts. (Bloomberg)

Source: OSK188

Monday, May 7, 2012

U.S. and European market roundup
Stocks plunged on Wall Street after the government reported that hiring slowed sharply last month, the latest sign of weakness in the economy. The Standard & Poor's 500 index and the Nasdaq composite closed out their worst weeks of the year.

The poor jobs report confirmed what investors had feared for much of the week: that the U.S. economy was slowing. Investors were already on edge as France and Greece head into elections over the weekend. The Dow Jones industrial average closed down 1.27%, it was the secondworst weekly decline for the Dow this year. The S&P slipped 2.25%.

Crude for June delivery on the New York Mercantile Exchange fell as much as fell $4.05, or 3.95 percent, to settle at $98.49 a barrel.

-Reuters

European stocks posted their biggest weekly drop since March as Spain entered a recession, a report showed the U.S. economy added fewer workers than expected and investor's awaited elections in France and Greece this weekend. The U.K.'s FTSE 100 Index and France's CAC 40 lost 2.1 %. Germany's DAX dropped 2.6% for its biggest weekly retreat this year.

-Bloomberg

Corporate News Headlines
Mulpha to focus on property sector: is optimistic on the property sector's outlook this year and is disposing of its non-core assets to focus on the property business

Century eyes regional partnership with PepsiCo: PepsiCo, the food division of Pepsi-Cola (Thai) Trading Co Ltd, has invited his company to be a strategic partner in the latter's supply chain management in Thailand.

Lime to acquire stake in Norwegian Continental: signed a transaction agreement last Wednesday with North Energy ASA to secure 50% of the latter's interest in four concessions in Norwegian Continental Shelf (NCS) of Norway.

-SunBiz

Crest Builder JV to develop MRB's RM1.4bil project in KL: Malaysian Rubber Board (MRB) has awarded the RM1.4bil development on 2.2ha in Jalan Ampang, Kuala Lumpur

Sentoria plans RM1.5bil projects: the projects would be located in Selangor and within the company's Bukit Gambang Resort City (BGRC) development in Kuantan, Pahang.

RAM projecting 0.5%-1.1% corporate default rate: It said the subdued economic prospects on both the domestic and global fronts also accounted for a slightly more negative credit outlook.

-StarBiz

Healthy revenue outlook for KPJ Healthcare: hopes to reach beyond RM2 billion in revenue this year based on its encouraging performance during the last quarter 2011.

MMC Corp looking to relist Malakoff: MMC Corp Bhd, a construction, power and port group is planning another initial public offering (IPO) for its other subsidiary, Malakoff Corp Bhd. and, hoped to relist Malakoff by next year.

UMW targets O&G turnaround this year: is expecting higher contribution this year from the O&G unit's three operating jack-up drilling rigs, especially Naga 3 and its land
rigs.

-Btimes

reps hlk...thanks for the news

hlk wrote:

WinningHeart wrote:Good morning Max sifu and comrades [You must be registered and logged in to see this image.] ... woke up late ... just manage to made some on KFC bb .... more bb hossay [You must be registered and logged in to see this image.]

congrats ... told u on fri ... kfc [You must be registered and logged in to see this image.]

haha ... tenkiu Susan Jie ... +1 rep [You must be registered and logged in to see this image.]

Hello everyone here,

Banyak banyak merah today.

Kulim what you all think? ... very uncle one but seem engine is heating up

WinningHeart wrote:Kulim what you all think? ... very uncle one but seem engine is heating up

looking out for second round too

kppl80 wrote:

WinningHeart wrote:Kulim what you all think? ... very uncle one but seem engine is heating up

looking out for second round too [You must be registered and logged in to see this image.]

regional very bad .... chance very slim but still added to my watchlist [You must be registered and logged in to see this image.]

good morning comrades!!!!!

wow..finished my class...

play some today early morning,,,

second session should be interesting......

good afternoon everyone. quiet & cloudy [You must be registered and logged in to see this image.] day...

miss KFC boat. Any new boat that can consider?