17 July 2012

wahhhhh~~~ affiiiinnnn!!!!!!!!!!! juz reach office so huat today!

morning guys~

jeefoh wrote:wahhhhh~~~ affiiiinnnn!!!!!!!!!!! juz reach office so huat today!

congrats affin holder

leecs1978 wrote:

jeefoh wrote:wahhhhh~~~ affiiiinnnn!!!!!!!!!!! juz reach office so huat today!

AXIATA holder too trying to touch rm6!!!

ambank U turn~~~~~

Cals wrote:AXIATA holder too trying to touch rm6!!!

vry chiong ar~

jeefoh wrote:ambank U turn~~~~~

ambank still strong

leecs1978 wrote:

jeefoh wrote:ambank U turn~~~~~

ambank still strong

lee u also holding

AFFIN 3.60 break u guys know what to do

index + 1.59 bcause of AX

affin-cf i sold all at 0.195 , ambank still hold

I sold on 0.185 yesterday..=,=

JF Apex Research - 17 July 2012

Market Thoughts
US stocks ended lower in light, choppy trading Monday, amid ongoing worries over the slowing economy and ahead of Fed Chairman Ben Bernanke's speech later this week. Similarly, European shares briefly extended losses on Monday after U.S. retail sales fell for a third straight month in June, with the banks and commodity companies among the worst-performing sectors.

On the local market, the FBM KLCi rose 9.58 points to extend its record high to 1635.96 points. Following the decline in European and US markets, we expect profit taking to kick in. For the FBM KLCI, immediate support and resistance are at 1600 and 1650 points respectively.


Malaysia News & Highlights
Lion Group on the move
The Lion Group, controlled by Tan Sri William Cheng, is considering revamping the diversified group. The group said its steel arm Megasteel Sdn Bhd is in talks with several foreign parties on strategic alliances. Megasteel, however, could not ink any deals until there is a clearer government policy on the local steel sector. (Source: Business Times)

UMLand won’t seek alternate buyer
United Malayan Land Bhd’s (UMLand) board, save for the interested directors, has deliberated on the notice of unconditional takeover offer by Seleksi Juang Sdn Bhd and decided not to seek an alternative person to make a take-over offer, the company told Bursa Malaysia. (Source: The Star)

UOA REIT Q2 profit rises to RM15m
UOA Real Estate Investment Trust’s (UOA REIT) net profit for its second quarter ended June 30, 2012 rose to RM14.58mil from RM10.68mil previously mainly due to the gain on disposal of a business suite in UOA Centre, which amounted to RM3.54mil. Revenue for the period increased to RM24.41mil from RM20.29mil a year earlier. For the six-month period ended June 30, net profit increased to RM25.78mil from RM22.33mil previously while revenue rose to RM45.55mil from RM39.38mil in the previous corresponding period. (Source: The Star)

IMF retains Malaysia's GDP growth forecast
The International Monetary Fund (IMF) yesterday left its 2012 growth outlook unchanged for five Asean economies including Malaysia. In its latest World Economic Outlook released from Washington, the IMF projected a 5.4 per cent regional growth for 2012 and 6.1 per cent growth for 2013, a marginal drop from its previous projection. The international body, however, warned that the second half of 2012 would see much weaker growth in both advanced and key emerging markets. (Source: Business Times)

Fate of IPPs to be known in September
Malaysia's first-generation independent power producers (IPPs), whose licences to operate will expire by 2016, will know whether they can carry on with their businesses or not by September this year. Energy Commission chief executive officer Datuk Ahmad Fauzi Hasan said the government is in talks with the IPPs to come up with a more competitive power purchase agreements (PPAs). (Source: Business Times)

AZRB appoints Advance Pact for 21½ years hospital concession
Ahmad Zaki Resources Bhd's (AZRB) wholly-owned subsidiary Peninsular Medical Sdn Bhd (PenMedic) will appoint Advance Pact Sdn Bhd for a 21-year hospital facilities management services agreement at the new International Islamic University Malaysia's (IIUM) Teaching Hospital in Kuantan, Pahang under a RM600mil deal. (Source: The Star)

Foreign News
U.S. Stocks Fall as Economy Concern Offsets Energy Gains
U.S. stocks fell, dragging the Standard & Poor’ 500 Index lower for the seventh time in eight days, after the International Monetary Fund cut its global economic forecast and retail sales unexpectedly dropped. The S&P 500 declined 0.2 percent to 1,353.64 at 4 p.m. New York time after earlier retreating as much as 0.6 percent. The Dow slipped 49.88 points, or 0.4 percent, to 12,727.21 today.

Retail Purchases In U.S. Unexpectedly Decrease 0.5%
Retail sales in the U.S. unexpectedly declined for a third straight month in June, a sign limited employment gains are taking a toll on the biggest part of the economy. The 0.5 percent drop followed a 0.2 percent decrease in May, Commerce Department figures showed in Washington. The decline was worse than the most-pessimistic forecast in a Bloomberg News survey in which the median projection called for a 0.2 percent rise.

IMF Cuts Global Outlook as EU Ensnares Emerging Economies
The International Monetary Fund cut its 2013 global growth forecast as Europe’s debt crisis prolongs Spain’s recession and slows expansions in emerging markets from China to India. Growth worldwide will be 3.9 percent next year, less than the 4.1 percent estimate in April, the fund predicted in an update of its World Economic Outlook. Spain’s economy will contract 0.6 percent instead of a prior forecast for 0.1 percent growth, and India’s projection for next year was reduced 0.7 percentage point to a 6.5 percent expansion, it said.

Yields Sink To Records As U.S. Stocks Slip On Economy
Government debt yields slid to records from the U.S. and Canada to the U.K., France and Germany as concern the global economic recovery is slowing fueled demand for assets considered most safe. U.S. stocks fell, while crops led commodities higher.

German Court Won’t Rule On Bailout Fund For 8 Weeks
Germany’s top court will take more than eight weeks to decide whether to suspend the euro-area’s permanent bailout fund, leaving Europe’s anti-crisis coffer less than half full to respond to the debt crisis. The Federal Constitutional Court in Karlsruhe will issue a ruling on bids to halt Germany’s participation in the European Stability Mechanism and the fiscal pact on Sept. 12, it said. That’s more than two months after it held a hearing on the measures.
(Source: Bloomberg)

affin holder really huat today...congraz

yesterday bought 10k shares MPHB-CH, @ 0.265, just now got ppl sekali makan all, @ 0.275, sold my part already

leecs1978 wrote:yesterday bought 10k shares MPHB-CH, @ 0.265, just now got ppl sekali makan all, @ 0.275, sold my part already

well done !

buy in 10k ambank-cl @ 0.12

Wonderful World wrote:

leecs1978 wrote:yesterday bought 10k shares MPHB-CH, @ 0.265, just now got ppl sekali makan all, @ 0.275, sold my part already

well done !

just lucky only

+1 Mr Lee for good trade in MPHB

leecs1978 wrote:yesterday bought 10k shares MPHB-CH, @ 0.265, just now got ppl sekali makan all, @ 0.275, sold my part already

AFFIN holder wake uppppp VRROOOOOMing

Cals wrote:+1 Mr Lee for good trade in MPHB

thanks cals