30 July 2012

gud morning y'all

Good morning comrades :D

good morning comrads

bb i will work on it

gud morning all bc members

good morning !!!

Selamat pagi, good morning, zhao an!

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

Morning all, great trading to all!

+0.85

mabs wrote:

phoenix777 wrote:mornning ppl

mabs so early drink beer meh [You must be registered and logged in to see this image.]

beer means got cause for celebration mar!! [You must be registered and logged in to see this image.]

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

Maybank Research - 30 July 2012

MARKET STRATEGY
Regional Strategy: The Big Picture

Roadshow Feedback

Economic worries weigh. Singaporean and Malaysian investors we met over the past two weeks were markedly less positive on the stock market than their peers in US. Renewed concerns over Eurozone debt sustainability and the strength of the Chinese economy were key talking points.
Regional Strategy: Ebbs & Flows

Eurozone Woes Return

USD9.6b left global equities for the week ending 25 July, as renewed concerns over Greece and Spain roiled global equity markets. Both ETF and non-ETF investors turned net sellers, to the tune of USD7.5b and USD2.1b respectively. A slew of weaker US macroeconomic data releases also weighed on sentiment, leading to USD8.9b in outflows from the US market.
Technicals
The FBM KLCI tumbled 18.06 points to close at 1,624.94 last Friday. The weaker support areas for the FBM KLCI are in the 1,582 to 1,620 zone. The next resistance levels of 1,624 and 1,647 will witness heavy liquidation activities.

The Trading Idea is a TAKE PROFIT call on GENM with downside targets of MYR2.91 and MYR2.99.
Other Local News
RHBC: Plans to boost customer base. RHB Bank Bhd, whose retail banking currently contributes between 40% and 50% of the group's revenue, is aggressively looking to enlarge its customer base in a bid to have a stronger foothold in retail banking. RHB is currently the fourth largest retail bank in the country with almost three million customers. Its director for retail banking, Vince Au Yoong, said to grow its retail banking business it would focus on five key areas which would enlarge its customer base. The five areas are the delivery system, product innovation, risk management, customer service and customer engagement with the focus on the last two areas over the next 12 to 24 months. (Source: The Star)

Ken: MYR1.22b project dwarfs its market cap. Ken Holdings Bhd is posed to embark on a huge development project in Johor Baru. The proposed mixed development, with an estimated GDV of MYR1.22b over six to seven years, is expected to deliver gross profit of MYR301m, about three times Ken's current market capitalisation of MYR114.1m at its closing price of MYR1.19 last Friday. (Source: The Edge Financial Daily)

MRCB: In line for MYR1b MRT job. MRCB, which is 42% owned by the Employees Provident Fund, also won a MYR1.33b contract for the Ampang light rail transit (LRT) extension project in August 2011. The MRT contract is expected to boost MRCB's existing order book to more than MYR2.5b. The latest contract is to build viaduct guideways and other associated works between the Taman Mesra and Kajang stations. (Source: Business Times)

Cement: CMS Cement says will not raise price. CMS Cement Sdn Bhd, Sarawak’s sole cement producer and manufacturer, will not raise the price of cement despite recent reports of a nationwide cement price hike, Cahya Mata Sarawak Bhd group managing director Datuk Richard Curtis said. He said CMS had always remained committed to the state’s socio-economic growth and would not increase its prices although cement production in Sarawak posed a logistical challenge due to terrain, raw materials and geographical population spread. (Source: The Star)

Mining: Vale Malaysia open for collaboration. Vale Malaysia Minerals Sdn Bhd, the local Brazilian mining giant Vale SA, is open to discussions with Integrax Bhd and other parties on collaboration for its iron ore distribution centre and port in Lumut, Perak. For the first phase of its investment, Vale is spending USD1.4b (MYR4.4b) to set up a regional distribution centre in Teluk Rubiah, Lumut, plus a designated port. (Source: The Edge Financial Daily)
Outside Malaysia
U.S: Consumer sentiment gauge falls to lowest this year in July. The Thomson Reuters/University of Michigan final index of sentiment declined to 72.3 this month from 73.2 in June. The gauge was projected to hold at the preliminary reading of 72, according to the median forecast of economists surveyed by Bloomberg News. (Source: Bloomberg)

U.S: Growth slows as consumers restrain spending. Gross domestic product rose at a 1.5% annual rate after a revised 2% gain in the prior quarter. Household purchases, which account for about 70% of GDP, grew at the slowest pace in a year. (Source: Bloomberg)

E.U: Spanish bond yields drop most in 7 months on bets ECB will buy. Italy's securities also rallied after German Chancellor Angela Merkel and French President Francois Hollande pledged to do everything to keep the 17-nation currency bloc intact, echoing comments the day before from ECB President Mario Draghi. Germany's bunds declined after Moody's Investors Service cut the outlook on the nation's Aaa rating, citing concern the country will have to support weaker euro-region members. The ECB meets to review monetary policy on Aug. 2. (Source: Bloomberg)

Spain: Unemployment rose to the highest on record after Prime Minister Mariano Rajoy made it easier to fire workers while implementing the steepest budget cuts in the country's democratic history. Unemployment, already the highest in the European Union, rose to 24.6% in the second quarter from 24.4% in the prior three months, the National Statistics Institute said. (Source: Bloomberg)

China: Industrial companies' profits fell for a third month in June, a government report showed, as decelerating growth in the world's second-biggest economy hurt corporate earnings. Income fell 1.7% YoY last month while earnings in the first six months declined 2.2% YoY to CNY 2.31t (USD 362b), the National Bureau of Statistics said. (Source: Bloomberg)

Japan: June industrial output falls as recovery loses momentum. Production fell 0.1% MoM in June from May, when it fell 3.4% MoM, the Trade Ministry said in Tokyo. (Source: Bloomberg)

S. Korea: Manufacturer confidence drops to 3-year low on Europe woes. An index measuring expectations for August was at 70, the lowest level since May 2009, after dropping from a revised 81 in July. A measure of expectations at non-manufacturing companies also dropped to 69 from a revised 76. (Source: Bloomberg)

Thailand: Industrial output slipped more than expected as weak global demand hampered operations of companies recovering from last year's floods. The industrial production index dropped 9.6% YoY in June after a revised 6% YoY expansion in May, the Office of Industrial Economics said. (Source: Bloomberg)

Haizzzz...early early market borlat....[You must be registered and logged in to see this image.]

EDEN.KL	7/30/2012	9:28:15 AM	Sell	10000	0.325	3250
EDEN.KL	7/30/2012	9:26:46 AM	Buy	10000	0.325	3250

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

Wonderful World wrote:

EDEN.KL	7/30/2012	9:28:15 AM	Sell	10000	0.325	3250
EDEN.KL	7/30/2012	9:26:46 AM	Buy	10000	0.325	3250

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

u shd take 1 bit profit

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

anyways good try

phoenix777 wrote:

Wonderful World wrote:

EDEN.KL	7/30/2012	9:28:15 AM	Sell	10000	0.325	3250
EDEN.KL	7/30/2012	9:26:46 AM	Buy	10000	0.325	3250

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

u shd take 1 bit profit

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

no chance to take..too late. throw lor..

eh? apasal chat hilang???

mabs wrote:eh? apasal chat hilang???

mabs u write email ka ?

ruberex wa suspended

hope 682 sell d

FUH UOA retrace kuat kuat cari tulang 6 feet under

phoenix777 wrote:ruberex wa suspended

hope 682 sell d

rubberrex-wa

still stuck with PNE..[You must be registered and logged in to see this image.]