May 6th - Post Election Day

Morning Traders,



Will the market run up to post election? with the election sentiment uncertainty removed?

as Business As Usual we will need to see the pace from today onwards

will mkt finally return after ge is settled???

good morning....

Phoenix..+1

Cals....+1

powerlaaa

WW wrote:good morning....

Phoenix..+1

Cals....+1

welcome back WW

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

up 120++ point [You must be registered and logged in to see this image.]

those daredevils nw huat ! [You must be registered and logged in to see this image.]

hlk wrote:those daredevils nw huat ! [You must be registered and logged in to see this image.]

this round all the risks taker all win now...congraz...[You must be registered and logged in to see this image.]

CI cooling down now...80++

WW wrote:CI cooling down now...80++

70++...

WW wrote:CI cooling down now...80++

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

better let dust settle 1st ... [You must be registered and logged in to see this image.]

ish ... ish ... only 61 [You must be registered and logged in to see this image.]

morning!
guess the market likes the results

hellooo suda ilang stimmm

hope those BC comrades in battlefield take care ... [You must be registered and logged in to see this image.]

ESH wrote:hellooo suda ilang stimmm

ahah sudah login

selamat pagi

Cals wrote:

ESH wrote:hellooo suda ilang stimmm

ahah sudah login

lols. cuti bole la

ESH wrote:

Cals wrote:

ESH wrote:hellooo suda ilang stimmm

ahah sudah login

lols. cuti bole la

ahahahah

PublicInvest Research Headlines - 6 May 2013




Economy


US: April Hiring picks up. The economy added
165,000 jobs in April, according to the Labor Department. That was more
than the 140,000 jobs economists expected, and it marked an improvement
over March. Economists had been warning of a spring swoon for the third
year in a row, this time driven largely by government spending cuts and
global economic weakness. (CNN)

China: April official services PMI at 54.5
versus 55.6 in March. China's official purchasing managers' index (PMI)
for the nonmanufacturing sector fell to 54.5 in April from 55.6 in
March according to the National Bureau of Statistics (NBS). Slowing
growth in services shows that subdued expansion in manufacturing has
begun to feed through to the rest of the economy, though the services
industry has so far weathered the global slowdown much better than the
factory sector. (Reuters)

India: Cuts interest rate to 7.25%. India's
central bank cut its benchmark interest rate by 25 basis points for the
third time since Jan, as expected, as growth slows and inflation ebbs,
but said there is little room to ease monetary policy further,
disappointing markets. The Reserve Bank of India (RBI) trimmed the repo
rate to 7.25%, its lowest since May 2011, and kept the cash reserve
ratio for banks unchanged at 4%, also in line with expectations.
(Reuters)

Philippines: To stick to debt plan despite ratings upgrade.
The Philippines will focus on the onshore market for its funding needs
in 2013 rather than offshore even after the country sealed full
investmentgrade status with its second credit rating upgrade, Treasurer
Rosalia de Leon said. (Reuters)


Markets


MPI: Returns to the black with Q3 net profit of RM1.81m.
Malaysian Pacific Industries (MPI) has returned to the black with a net
profit of RM1.81m for the third quarter ended March 31, against a net
loss of RM7.42m a year earlier. MPI attributed the improvement mainly
to positive effects arising from cost-control measures. Its revenue for
the third quarter rose to RM286.3mil from RM275.7mil before. MPI
anticipates all segments of the group to further improve in the final
quarter of FY13 in line with the expected improvement in the
semiconductor industry. (StarBiz)

Global Oriental: In RM860m property tie-up.
Global Oriental (formerly Equine Capital) and its subsidiary have
entered into a joint development agreement with Lembaga Getah Malaysia
for a mixed project with an estimated gross development value of RM860m
in Kuala Lumpur. The development is expected to comprise inter-alia a
corporate tower, an office tower, a residential tower, town villas, car
parking lots complete with infrastructure and common facilities, and
common services. The project was expected to contribute to the medium
and long-term profitability of the group, the company said. (StarBiz)

Bintulu Port: Expects 8% increase in 2013 cargo volume.
Bintulu Port Holdings Bhd, the world's second largest liquefied natural
gas (LNG) exporter, is targeting to handle a total cargo throughput of
44.5 million tonnes this year, an increase of 8.1% from 2012, driven by
the LNG segment, said its CEO Datuk Mior Ahmad Baiti Mior Lub Ahmad. He
added, in the first quarter (of this year), we saw nearly a 10%
increment in throughput compared with the same period of last year.
(SunBiz)

Masterskill Education Group: Siva Kumar close to control.
Former investment banker Siva Kumar Jeyapalan appears to have gained
control of Masterskill Education Group (MEGB), just months after
demanding that the company’s board of directors bucks up. Last Friday,
MEGB informed Bursa Malaysia that Siva Kumar bought 72m MEGB shares at
40sen apiece in two off-market deals. The seller of the shares was
Datin Sri Carline Johson D’Cruz, wife of Datuk Edmund Santhara Kumar,
the fomer chief executive officer (CEO) of MEGB. With the sale, Edmund
Santhara is left with only a 6.5% indirect stake in MEGB. (Business
Times)

MNRB: Expects earnings boost from new partner.
The chief of MNRB Holdings said it expects its takaful insurance
business as operated by Takaful Ikhlas S/B to churn out higher earnings
this year due to its new products and better distribution channels.
Currently, more than 90% of MNRB’s net profit comes from Malaysian
Reinsurance, a general reinsurance company. The rest is derived from
Takaful Ikhlas, MNRB Retakaful, Malaysian Re (Dubai) and MMIP Services
S/B. Takaful Ikhlas provides both family and general products.
(Business Times)

Construction: Jobs slowed in Q1, but sector 'still robust'.
The construction sector is expected to remain robust despite recording
smaller volume and value of projects during the first three months of
the year, said Construction Industry Development Board Malaysia (CIDB)
CEO Datuk Seri Dr Judin Abdul Karim. CIDB statistics showed 709 new
projects worth a total of RM8bn were reported during the first three
months of this year, compared with 1,722 projects worth a total of
RM37bn reported during the same period last year. (SunBiz)


MARKET UPDATE


US stocks rallied to a record high as
better-than-expected employment numbers lifted optimism on the US
economy. The Bureau of Labor Statistics reported April non-farm
payrolls added 165,000 new jobs and unemployment rate declined to 7.5%,
without any reduction in labour participation rate. Dow Jones
Industrial Index gained 142 pts or 1.0% to 14,974 at the close, after
surging past the 15,000-mark during the day. S&P 500 cleared the
1,600 hurdle by gaining 17 pts or 1.1% to close at 1,614, while the
Nasdaq also closed 1.1% higher. For the past week, key US equity
indices gained 2% marking a second weekly advance in a row. Over in
Europe, stock markets also rallied for a second consecutive week. With
the ECB cutting its interest rate and better US jobs report, key
markets all closed higher on Friday. UK’s FTSE 100 and France’s CAC 40
gained 0.9% and 1.4% respectively, while the Germany’s DAX gained 2.0%.

Asian markets closed mixed on Friday. Japan’s
stock market was closed for a public holiday. China’s Shanghai
Composite Index gained 1.5% on a relief rally. Hong Kong’s Hang Seng
gained a marginal 0.1%. Most Asean markets except Philippines closed
lower. Indonesia’s Jakarta Composite Index fell 1.4%, while Thailand’s
SET declined 0.6%. Across the causeway, Singapore’s STI fell 1.0%.

Back home, the FBM KLCI dropped 18.7pts or 1.1%
to 1,694.8 last Friday amid election jitters. Some investors took
profit on the last trading day prior to the polling date. The FBM KLCI
weighed down by declines in stocks such as Genting Bhd, Axiata and
CIMB. Trading volume on Friday jumped to 933.2m (trading value of
RM2.32bn). Overall market breadth was negative with 544 losers and 236
gainers. For today, all eyes will be on the impact from GE13 results.

Source: PublicInvest Research - 6 May 2013

MAS

JF wrote:

me too