18th Jan 2013

huat ar!!!!!

good morning traders, wa why so late only open thread

pos kuat

gud morning~ im late 0.0

we all late today ..

Asian Stocks Snap Two-Day Loss on China, U.S. Data
By Jonathan Burgos - Jan 18, 2013 10:15 AM GMT+0800

Asian stocks rose for the first time in three days, with the regional benchmark index erasing its weekly loss, after economic reports in the world’s two largest economies best estimates and the yen traded near a 30-month low.
Honda Motor Co. (7267), a Japanese carmaker that gets about 44 percent of sales from North America, climbed 3.5 percent. Tokyo Electron Ltd., the world’s No. 2 maker of semiconductor production equipment, surged 8 percent after customers Intel Corp. and Taiwan Semiconductor Manufacturing Corp. announced plans to raise capital spending this year. Rio Tinto Group, the world’s second-largest mining company, rose 3.2 percent in Sydney after CEO Tom Albanese resigned without a cash windfall.
The MSCI Asia Pacific Index gained 0.9 percent to 132.37 as of 11:11 a.m. Tokyo time. Chinese shares listed in Hong Kong climbed as the nation’s economy expanded 7.9 percent in the fourth quarter, according to government data. The median estimate of 53 economists surveyed by Bloomberg News was for an increase of 7.8 percent.
“Some of the macroeconomic risks that the markets have been dealing with for the last couple of years continue to recede,” Mark D. Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia, said on Bloomberg Television. His firm manages about $54 billion in assets. “The intervention the Bank of Japan is undertaking to weaken the yen should produce better profits for Japanese multinationals. China’s story is one of accelerating GDP growth.”
The Asia-Pacific gauge has advanced 2.3 percent this month amid signs the U.S. and Chinese economies are recovering and Japanese shares rallied for a 10th week on speculation Prime Minister Shinzo Abe will pursue more aggressive stimulus policies.
China’s Shanghai Composite Index (SHCOMP) gained 0.6 percent. Hong Kong’s Hang Seng Index rose 0.8 percent.

Weaker Yen
The Nikkei 225 Stock Average (NKY) jumped 2.1 percent, heading for its longest streak of weekly gains since April 1987, as the yen traded near a 2 1/2-year low amid speculation the Bank of Japan will decide to conduct open-ended asset buying to stoke inflation at a two-day policy meeting starting Jan. 21.
Japanese stocks are the most sensitive to yen swings in 24 years, leaving $343 billion in equity gains since November at the mercy of the currency, according to data compiled by Bloomberg News.
South Korea’s Kospi Index added 0.4 percent, while Taiwan’s Taiex Index climbed 1 percent. Australia’s S&P/ASX 200 Index gained 0.3 percent.
Futures on the Standard & Poor’s 500 Index were little changed today. The index added 0.6 percent in New York yesterday, when data showed builders broke ground on more houses than forecast in December and the number of Americans filing first-time claims for unemployment insurance payments fell more than forecast last week.
The MSCI Asia Pacific Index (MXAP) gained 1.4 percent this year through yesterday, compared with a 3.8 percent advance by the S&P 500 and a 2.7 percent increase by the Stoxx Europe 600 Index. The Asian benchmark trades at 14.2 times estimated earnings on average, compared with 13.4 times for the S&P 500 and 12 times for the Stoxx 600.
To contact the reporter on this story: Jonathan Burgos in Singapore at [You must be registered and logged in to see this link.]
To contact the editor responsible for this story: Nick Gentle at [You must be registered and logged in to see this link.]

rhbcap continue steaming

morning traders :D haha

skpetro 2nd wave?

allright KLCCP 6.60 is level vroom if lepas

deng pos good buy yesterday or this morning

Corporate News

 Starhill REIT 2Q net profit plunges 67.4%
Starhill Real Estate Investment Trust (Starhill REIT) said its net profit
for the second quarter to end-December 2012 had fallen 67.4% to
RM16.8m, down from RM51.6m in the previous corresponding quarter.
Revenue was RM57.2m, compared with RM16.7m. The company
declared an interim income distribution of 3.59 sen per unit (of which
3.52 sen is taxable and 0.07 sen is non-taxable) for the six months
ended Dec 31, 2012. (The Edge)

 TRC Synergy signs on for Score project
TRC Synergy Sdn Bhd wholly owned unit, Trans Resources Corp Sdn
Bhd, has secured a RM169.9m project from the Sarawak public works
department. TRC said the project is part of the Sarawak Corridor of
Renewable Energy (Score) infrastructure development projects. The
contract document was signed on 15 Jan 2013 (Tuesday). (The Edge)

 Tiong sells stake in Perdana Petroleum
Achiever Development Sdn Bhd, the third biggest shareholder in
Perdana Petroleum Bhd, has sold its 36.5m shares (about 7.4%) of the
oil and has service provider. Achieve Development announced it has
ceased to be a substantial shareholder. As such, Datuk Tiong Su Kok
and Tiong Chiong Hiiung have ceased to be shareholders of Perdana
Petroleum. (The Edge)

 Ambank looks to sell stake in insurance arm
AmBank Group is looking to sell a stake in its insurance arm to a new
partner by June. It wanted to sell its stakes in its conventional and
Islamic insurance units, slightly more than a week after it repurchased
the 30.0% stake in AmLife and AmFamily Takaful from its joint-venture
partner Resolution Ltd. It completed the acquisition for RM245.0m,
implying a price-to-book value multiple of 1.7 times. The new partner
was likely to be a foreign partner that could bring expertise to help the
company through the gestation of its newly enlarged insurance unit.
(The Star)

 Azim Zabidi in talks with foreign partner to revive
Patimas
Prominent businessman, Datuk Seri Abdul Azim Zabidi says he is in talks
to rope in a foreign strategic partner to help revive the fortunes of
Patimas Computers Bhd, a PN17 company. The talks were expected to
be concluded within the next 10 working days. The former chairman of
Bank Simpanan Nasional, emerged as a shareholder in Patimas late last
week. Abdul Azim purchased 45.0m shares of Patimas, or 5.4% of the
company's stake via his company Syawaras Sdn Bhd on Jan 11. The
businessman increased his stake by another 1.2% on Jan 16. (The Star)

 QSR, KFC privatisation to conclude on Monday
The RM5.2b privatisation of KFC Holdings (M) Bhd and its parent QSR
Brands Bhd will be completed on Monday, subsequently paving the way
for the delisting of both firms. KFC and QSR shareholders will be paid
on January 23 and January 25, respectively. (Business Times)

 Placement will enable Ingenuity to expand IT ops
Ingenuity Consolidated Bhd’s proposed private placement, which is
expected to raise RM17.4m, will allow the information technology (IT)
firm to continue to expand its business. The proposed private placement
represents up to 30.0% of its issued and paid-up capital. (The Star)

 Paramount proposes staff incentive plan
Paramount Corporation Bhd announced a long term incentive
programme (LTIP) to retain key employees and executive directors as
well as attract potential employees with the needed skills and
experience. Employees and directors eligible will not fork out a single
sen as the shares will be fully paid for by the company. The duration of
the proposed LTIP is seven years commencing from the effective date
of implementation. The LTIP will involve the issuance of new shares up
to 10.0% of the company’s paid-up capital. (The Edge)

18 January 2013
US stocks ended sharply higher Thursday, with the S&P 500 at its best level in more than five years, as Wall Street cheered a pair of encouraging data and largely shrugged off weakness in financials. Similarly, European sales closed higher as encouraging sales figures from retailers Carrefour and Associated British Foods helped offset losses in the mining sector.

On the local exchange, the FBM KLCI lost 1.86 points to 1681.09 points. The index continue to suffer from profit taking since hitting its resistance of 1700 points last week. Among stocks to watch are: a) IRCB which announced its chairman has resigned fuelling talks of a white knight and new management; b) Kimlun after the group won RM87.7m contract; c) IJM and Scomi as the market speculates that proposed bond issue is likely to be passed at EGM; and d) Oriental Holdings following the continued purchase of its shares by a foreign fund and market talk of possibility being taken private by the major shareholder.

Why index turun ... hong Kong n jepun naik ...

whole world naik cause china is expanding in 4th Q GDP

we are down for we are fearful for GE speculation

Aiya....pening2...... :

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peanut wrote:Why index turun ... hong Kong n jepun naik ... [You must be registered and logged in to see this image.]

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

afternoon traders :D

welcome back to a second session

market ar market...