10th JUNE 2011

[You must be registered and logged in to see this image.] DRB-CE fly lo.. [You must be registered and logged in to see this image.]

Market Update: DJIA Jumps Triple Digits on Trade Data; VIX Slumps 7%

Wall Street seems pretty excited today about a decline in the U.S. trade deficit for April, with the major market indexes on pace to break their six-session slump. Specifically, the trade gap contracted by 6.7% in April to $43.7 billion, as the March 11 earthquake and tsunami prompted a major drop in imports from Japan. Additionally, the trade deficit for March was downwardly revised to $46.8 billion from $48.2 billion. In less encouraging economic news, initial jobless claims rose by 1,000 last week to 427,000 -- but stocks are pointed solidly higher at midday, as traders have already priced in plenty of despair over the still-ailing jobs market during the past week.

At last check, the Dow Jones Industrial Average (DJIA - 12,161.74) has added 112.8 points, or 0.9%, to reclaim a foothold above 12,100. The S&P 500 Index (SPX - 1,291.78) has jumped 12.2 points, or nearly 1%, and the Nasdaq Composite (COMP - 2,689.76) is bringing up the rear with a rise of 14.4 points, or 0.5%.

DJIA price chartChecking in on Dow components, only Verizon Communications (VZ - 35.76) and Intel (INTC - 21.81) are trading lower, with both stocks sitting on fractional losses at midday. DuPont (DD - 50.63) has gained 1.8% to pace the 28 advancing blue chips.

As the bulls make up for lost time, the CBOE Market Volatility Index (VIX - 17.41) has plummeted 7.3%. As a result, the "fear index" is set to end the session below its 10-day moving average for the first time since May 31.

Among equities in focus, Texas Instruments (TXN - 32.90) has shrugged off early weakness to add 0.7%, despite slashing its second-quarter profit and revenue predictions in last night's mid-quarter update. Titan Machinery (TITN - 29.10), meanwhile, has surged more than 7% after crushing analysts' first-quarter earnings expectations. Also on the upswing is American International Group (AIG - 28.13), which has rallied about 3% after scoring a new "buy" rating at Deutsche Bank. However, Ciena Corp. (CIEN - 19.14) is sitting out the day's broad-based advance, down nearly 6% after a slew of post-earnings price-target cuts.

Stocks to watch: XOX, SP Setia, Favelle Favco, Berjaya Food

KUALA LUMPUR: Stocks which could see trading interest on Friday, June 10 include XOX Group Bhd, which will make its debut on the ACE Market.

Other companies which could see trading interest are SP SETIA BHD [], FAVELLE FAVCO BHD [], Berjaya Food Bhd and MAA HOLDINGS BHD [].

Meanwhile, investors are expected to be cautious also because of the weaker than expected industrial data announced on Thursday. Malaysia’s industrial production index contracted 2.2% on-year in April, the first time in 17 months and CIMB Economics Research said this suggesting a soft patch going into 2Q.

“The contraction was a surprise as we expected an increase of 1.6% while consensus projected 2.5%. In January-April, factory output rose 1.5%,” it said.

CIMB Research said the soft patch in the manufacturing sector, which accounted for 27.6% of total GDP, would weigh on 2Q GDP growth, which it estimated to expand 4% to 4.5%.

“Even though the manufacturing sector has pulled back sharply from its rapid pace, domestic non-tradable sectors, namely the services and CONSTRUCTION [] sectors, should continue to keep the economy rolling along decently.

“Domestic demand should still call the shots, supported by the stepping up of private investment growth under the Economic Transformation Programme (ETP). As such, we maintain our GDP growth estimate of 5.5% for this year and 6.0% for 2012,” it said.

As for XOX, the mobile virtual network operator reported net loss of RM1.66 million in the quarter ended March 31 mainly due to the selling and distribution expenses which were necessary in creating brand awareness for XOX’s services.

It recorded revenue of RM12.68 million on the back of about 391,000 subscribers. It recorded an average revenue from sales of recharge of approximately RM30 per user per month.

The offer price of the shares is 80 sen. It received 6,652 applications for 106.5 million shares with a total value of RM85.2 million, for the public tranche of 7.5 million shares.

Meanwhile, SP Setia said it was confident that its 2011 sales target of RM3 billion would be met after the company recorded sales of RM1.66 billion in the first seven months of the year.

Net profit for the second quarter ended April 30, 2011 surged 80% to RM92.22 million from RM51.21 million a year earlier, due including to gain from the disposal of an investment property.

Revenue for the quarter rose to RM496.75 million from RM409.07 million a year earlier. Earnings per share were 5.55 sen while net assets per share was RM1.78. It declared a gross interim dividend of five sen per share.

Favelle Favco received four contracts to supply cranes and spare parts totaling more than RM70.3 million. Three of the orders were to supply cranes and the fourth was to supply the spare parts.

Berjaya Food’s net profit slipped 14.2% to RM2.505 million in the fourth quarter ended April 30, 2011 compared with RM2.92 million a year ago due to higher advertising and promotional expenses.

Revenue rose 9% to RM17.75 million from RM16.28 million. Earnings per share were 1.77 sen versus 2.07 sen a year ago. It proposed dividend of three sen a share.

For the financial year ended April 30, 2011, its net profit rose 22% to RM10.59 million from RM8.68 million while its revenue increased by 19% to RM71.94 million from RM60.41 million.

FOCUS DYNAMICS TECHNOLOGIES [] Bhd’s new 144.58 million shares issued under the rights issue with warrants and 96.39 million warrants will be listed and quoted on Friday.

North and South American Indexes


IndexCountryChange% ChangeLevelLast Update

[You must be registered and logged in to see this image.]	Dow Jones Industrial Average	United States	+75.42	+0.63%	12,124.36	4:31pm ET
	S&P 500 Index	United States	+9.44	+0.74%	1,289.00	4:41pm ET
	Brazil Bovespa Stock Index	Brazil	+435.85	+0.69%	63,468.82	4:17pm ET
	Canada S&P/TSX 60	Canada	+4.00	+0.53%	760.43	4:24pm ET
	Santiago Index IPSA	Chile	-56.95	-1.18%	4,762.44	6:50pm ET
	IPC	Mexico	+354.33	+1.02%	35,233.40	4:06pm

Good morning everyone... it's time for drb to fly d...

[You must be registered and logged in to see this image.][You must be registered and logged in to see this link.] Are u working there?

good morning to 8888, Budgee and Max sifu [You must be registered and logged in to see this image.]

Today full with meetings, cant join you all to battle [You must be registered and logged in to see this image.]

good morning all....watch ken cf closely..but beware of pull back as well...this morning i am quite busy....will arrive miri office 1.30 something....hehe then can play stock again from a father role back to single man lo....can party again? [You must be registered and logged in to see this image.]

maxims wrote:good morning all....watch ken cf closely..but beware of pull back as well...this morning i am quite busy....will arrive miri office 1.30 something....hehe then can play stock again from a father role back to single man lo....can party again? [You must be registered and logged in to see this image.]

sifu why dont you bring your princesses to stay with you? everyday party also sien ma [You must be registered and logged in to see this image.]

sun wrote:

maxims wrote:good morning all....watch ken cf closely..but beware of pull back as well...this morning i am quite busy....will arrive miri office 1.30 something....hehe then can play stock again from a father role back to single man lo....can party again? [You must be registered and logged in to see this image.]

sifu why dont you bring your princesses to stay with you? everyday party also sien ma [You must be registered and logged in to see this image.]

i cant take care of them ma....haiz...they grow up with my wife side....don wanna change their status quo lo...wait lo...wait till they finish high school then reunion...or i move back to them

morn every1

FTSE Group and Bursa Malaysia Bhd have announced that Malaysia Marine and Heavy Engineering (MMHE) will replace Malaysian Airline System in the FTSE Bursa Malaysia KLCI.

Bank Muamalat still in merger mood

Kuala Lumpur: Bank Muamalat Malaysia Bhd is still keen to merge with a rival to build a mega Islamic bank, despite its failed attempt at courting Bank Islam Malaysia Bhd.

MIDF Research maintains Positive on oil and gas sector

KUALA LUMPUR: MIDF Research has maintained its positive stance on the oil and gas sector, with Petronas Gas and KENCANA PETROLEUM BHD [] among its top picks.

In a note Friday, June 10, MIDF Research said that taking into account higher than previously announced capex and rising long-term demand for oil and gas namely from Asia, it was holding its Positive view on the sector.

“Petronas Gas (Buy, TP: RM13.10) and Kencana (Buy: TP: RM3.16) are among the top picks. Petronas Gas is expected to benefit from Petronas’ aggressive expansion in gas business and liberalisation in gas industry.

“Fabricators like Kencana and MMHE (Neutral: TP: RM6.70) will also gain on increasing demand for offshore platform structures,” it said

Nikkei jumps 1% after Wall Street rebound

TOKYO: Japanese share prices jumped on Friday after Wall Street stocks snapped a six-day losing streak following record U.S. exports, although some analysts warned of a risk of profit-taking ahead of the weekend after Tokyo shares outperformed Wall Street this month.

The benchmark Nikkei rose 1.0 percent to 9,557.43, climbing to its highest in a week, while the broader Topix gained 0.8 percent to 819.67. – Reuters

maxims wrote:

sun wrote:

maxims wrote:good morning all....watch ken cf closely..but beware of pull back as well...this morning i am quite busy....will arrive miri office 1.30 something....hehe then can play stock again from a father role back to single man lo....can party again? [You must be registered and logged in to see this image.]

sifu why dont you bring your princesses to stay with you? everyday party also sien ma [You must be registered and logged in to see this image.]

i cant take care of them ma....haiz...they grow up with my wife side....don wanna change their status quo lo...wait lo...wait till they finish high school then reunion...or i move back to them

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

maxims wrote:good morning all....watch ken cf closely..but beware of pull back as well...this morning i am quite busy....will arrive miri office 1.30 something....hehe then can play stock again from a father role back to single man lo....can party again? [You must be registered and logged in to see this image.]

what happen to attractive bar girl? [You must be registered and logged in to see this image.]

is osk system down? the buy and sell q all empty [You must be registered and logged in to see this image.]

yahor.....
should be down

Good morning to you all..

Wish all will have a Good Trading day today.

phoenix wrote:yahor.....
should be down

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

budgee wrote:Good morning to you all..

Wish all will have a Good Trading day today.

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

Good morning Budgee, same to you [You must be registered and logged in to see this image.]

phoenix wrote:

maxims wrote:good morning all....watch ken cf closely..but beware of pull back as well...this morning i am quite busy....will arrive miri office 1.30 something....hehe then can play stock again from a father role back to single man lo....can party again? [You must be registered and logged in to see this image.]

what happen to attractive bar girl? [You must be registered and logged in to see this image.]

I think 'makan' by sifu already [You must be registered and logged in to see this image.]