17 May 2013 - Friday

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+1 for you HLK you lama tak bukak thread, CLIQ semakin panas lol and catcha

Market Open KLCI edges up, banks, blue chips lift
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Friday, 17 May 2013 09:16


A + / A - / Reset
KUALA LUMPUR (MAY 17): The FBM KLCI edged up in early trade on Friday, lifted by select blue chips and banking stocks.

At 9.05am, the FBM KLCI added 3.85 points to 1,770.57.

Gainers led losers by 120 to 56, while 123 counters traded unchanged. Volume was 88.44 million shares valued at RM31.41 million.

The top gainers included UMW, RHB Capital, Hong leong Bank, AMMB, Genting, Deleum, IOI Corp, Dayang and Can-One.

BIMB Securities Research in a market preview Friday said investors deemed the US below par economic data as reasons to lock in profits after registering multi-level highs recently.

The research house said the selling was also fuelled by statement that the Feds may reduce the monthly QE asset buying as early as this summer thus the DJI Average was down 42 points to 15,233.

It said that as for the European markets, most closed the day rather flat. 0

In Asia, the laggards particularly those from Northern Asia made their move spurred by Japan’s economic growth for the 1Q2013, it said.

“Locally the FBM KLCI was down 16.31 points to 1,766.72 as the profit taking mode has been triggered.

“Judging from the selling intensity yesterday, we reckon the downtrend to persist today as market sentiments may have been negatively. Immediate support for the index is seen at the 1,760 level,” it said.

Mid-morning Market KLCI remains in positive territory
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Friday, 17 May 2013 10:16


A + / A - / Reset
KUALA LUMPUR (MAY 17): The FBM KLCI remained in positive territory at mid-morning on Friday, looking set to close on a higher note heading into the weekend.

At 10am, the FBM KLCI added 5.08 points to 1771.80.

There were 313 gainers and 142 losers, while 213 counters traded unchanged. Volume was 503.56 million shares valued at RM247.98 million.

The gainers included DKSH, Deleum, Petronas Gas, Hunza Properties, Country View, Genting, Hong Leong Bank, AMMB and IOI Corp.

The actives included Ingenco, Luster, CLIQ, Hubline, Patimas and Naim Indah Corp.

The decliners included GAB, Carlsberg, Sarawak Oil Palms, Manulife, Konsortium, Wellcall, Cahya Mata Sarawak and PLB.

Maybank IB Research head and chief chartist Lee Cheng Hooi in a note to clients Friday said the FBM KLCI’s resistance level of 1,766 and 1,826 would cap market gains, whilst obvious support areas were located at 1,718 and 1,760.

“The FBMKLCI’s recent swings were: 1,699.68 (high), 1,597.00 (low), 1,664.39 (high) and 1,613.94 (low),” he said.

“We prefer to take a “Trading” stance on the index as a gap-up move between 1,718.44 (previous all-time high) and 1,743.14 (last Monday’s low) has emerged.

“There may be a weaker index tone but mid-caps and lower liners seem firm,” he said.

Meanwhile, Japanese shares slipped and Asian equities were broadly steady on Friday after a U.S. Federal Reserve official said the central bank may begin to taper its asset buying this summer, lending support to the dollar, according to Reuters.

U.S. equities sagged on Thursday after John Williams, president of the Federal Reserve Bank of San Francisco, said the Fed could begin easing back on the monetary gas pedal this summer and end bond buying late this year, it said.

tambun is strong

huayamg vrooom

morning bc comrades :D

Bursa berserker wrote:morning bc comrades :D

mornin

selamat pagi

what do u all think about PBB-cw...

Cals wrote:+1 for you HLK you lama tak bukak thread, CLIQ semakin panas lol and catcha

bullet tarak

THHeavy & wa semakin panas

peanut wrote:what do u all think about PBB-cw...

as in public bank?

Cals wrote:

peanut wrote:what do u all think about PBB-cw...

as in public bank?

yup

peanut wrote:

Cals wrote:

peanut wrote:what do u all think about PBB-cw...

as in public bank?

yup

pbb-cw

ok kua, good pre, long term ex

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

Cals wrote:

peanut wrote:

Cals wrote:

peanut wrote:what do u all think about PBB-cw...

as in public bank?

yup

pbb-cw

ok kua, good pre, long term ex

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

thank u

your welcome peanut, still it depend on PBB mother share price action

Cals wrote:your welcome peanut, still it depend on PBB mother share price action

wokay....i put it into my list .... tq

Market Thoughts


US stocks ended near session lows Thursday pressured by a handful
of weak economic data and as some Fed officials stated their openness
to tapering the central bank's bond-buying program in the coming
months. Similarly, European shares closed flat-to-lower, pressured by
downbeat data from the U.S. that included a jump in jobless claims and
a drop in housing starts. On the local market, the FBM KLCI fell 16.31
points to 1766.72 points as investors take profit from the recent
historical high. Following the bearish mood in US markets, the FBM KLCI
could extend its pullback. For the downside, immediate support level is
at 1750 points.

Stocks to watch are: Petronas Gas as the group has committed to a
capex of RM8.1b for the next five years for its regasification
terminals in Lahad Datu and Pengerang; Deleum following the group
bagged RM1.4b worth of oil & gas service contracts; and UMW, the
group is venturing into Indonesian automotive market and its
announcement of O&G listing in end of this year.


Malaysia News & Highlights



UMW plans to list O&G unit on Main Market

UMW Holdings Bhd has proposed to list its oil and gas (O&G)
unit, UMW Oil & Gas Corp Bhd (UMW-OG), on Bursa Malaysia's Main
Market. The proposed initial public offering (IPO) is for up to 843.18
million shares of 50 sen each in UMW-OG. A total of 611.8 million
shares will be made available to retail and institutional investors.
The institutional offering involves the offer of up to 648.6 million
shares, representing 30% of the enlarged issued and paid-up share
capital of UMW-OG. The price of the institutional offer will be
determined by a book-building exercise. Meanwhile, 194.58 million IPO
shares will be made available for retail investors at a
yet-to-be-determined price, representing 9% of the enlarged issued and
paid-up share capital of UMW-OG. (Source: The Star)


UMW M&E Sdn Bhd in automotive tie-up with Bluebird Group in Indonesia

UMW Holdings Bhd is making inroads into the Indonesian automotive
sector via a joint venture with the Bluebird Group. The company
announced to Bursa Malaysia that its subsidiary, UMW M&E Sdn Bhd,
and Bluebird nominee PT Pusaka Sukucadang Indonesia would set up a JV
company, with an initial paid-up share capital of US$1mil (RM3.01mil),
to provide lubricants, automotive components and service centre
operations in Indonesia. UMW M&E will hold 49% of the joint
venture, while Bluebird will hold the remaining 51% stake. (Source: The
Star)

Nazir: Decision on CIMB acquisition stake in Philippines' Bank of Commerce (BoC) will be known within a month

CIMB Group chief executive Datuk Seri Nazir Razak has dismissed
news reports that negotiations on the proposed acquisition of a stake
of 60% in Bank of Commerce (BoC) in the Philippines was scrapped. “We
are in the final stages of discussion and we will make our decision
known in a month, perhaps sooner. “We are obtaining the regulatory
approvals,” he told reporters on the sidelines of the 10th Islamic
Financial Services Board Summit here yesterday. In May last year, CIMB
Group had announced the acquisition of a 60% stake in BoC for 12.2bil
pesos (RM892mil). (Source: The Star)


Deleum to bid for RM2b oil and gas jobs

Deleum Bhd, which provides a range of supporting products for the
oil and gas industry, is bidding for new jobs worth RM2 billion through
all its three business divisions. “The contracts that we are tendering
for are all domestic contracts," said its group managing director Nan
Yusri Nan Rahimy. Deleum's current contract value stands at about RM1.4
billion, which will keep it busy until 2018. (Source: Business Times)


PetGas RM3b terminal ready

The country’s first regasification terminal in Sg Udang, Melaka,
built by Petronas Gas Bhd (PetGas) at a cost of RM3billion, is up and
running. However, except for PetGas’s parent Petroliam Nasional Bhd
(Petronas), they won’t be any third party importing liquefied natural
gas (LNG) yet. (Source: The Edge)


Sime awards RM82mil job to Zecon

Two indirect subsidiaries of Sime Darby Bhd are selling a 12-storey
commercial office block in Ara Damansara for RM124.5mil while its
property arm has awarded a RM82.4mil job to Zecon Bhd for a 10-storey
commercial building in Setapak. In an announcement, the conglomerate
said Sime Darby Ara Damansara Development Sdn Bhd (SDAD) and Sime Darby
Brunsfield Holding Sdn Bhd (SDBH), signed a sale and purchase agreement
with Brunsfield Oasis Tower Sdn Bhd for the sale of Block H, Oasis
Square in Ara Damansara, Selangor by SDBH for RM124.5mil. (Source: The
Star)


AMMB to decide in 2 weeks about HwangDBS purchase

AMMB Holdings Bhd will decide in a couple of weeks whether to go
ahead with its proposed acquisition of investment banking and
stock-broking outfit HwangDBS (M) Bhd, said group managing director
Ashok Ramamurthy. “We will complete our due diligence soon and then
bring it up with the board. The next two weeks are crucial for us,” he
told newsmen at AMMB's fourth-quarter results briefing yesterday. Ashok
also said it was premature to comment on the bank's plan to sell a
controlling stake in its life insurance unit, AmLife Insurance Bhd, as
talks were still pending. But AMMB was targeting to conclude
negotiations by June, he added. (Source: The Star)


Astro to join MSCI Malaysia Index

Astro Malaysia Holdings Bhd will be included as a component of the
42-stock MSCI Malaysia Index with effect from May 31. MSCI Inc said
Astro would replace Malaysia Marine and Heavy Engineering Holdings Bhd
(MMHE) in the index. (Source: The Star)


Goldis unit gets China concession

Goldis Bhd’s Singaporean unit Crest Spring Pte Ltd has signed a
build, operate and transfer (BOT) concession agreement with Yantai
Economic and Technical Development Zone City Management and
Environmental Protection Bureau to undertake a sewage treatment plant
concession in Shandong province, China. In a filing with Bursa, the
company said a project company, with a capital of RM15mil, would be
established to undertake the upgrading and expansion of the existing
sewage treatment plant in Yantai Economic Development Zone, operated by
its other subsidiary, Yantai Xin Cheng Wastewater Treatment Co Ltd.
(Source: The Star)


Foreign News



U.S. Stocks Fall as Data Disappoints Amid Stimulus Bets

U.S. stocks fell, ending four days of records for the Standard
& Poor’s 500 Index, amid disappointing economic data and after a
Federal Reserve official said the central bank may slow the pace of
stimulus as early as this summer. The S&P 500 fell 0.5 percent to
1,650.47 at 4 p.m. in New York. The Dow Jones Industrial Average
dropped 42.47 points, or 0.3 percent, to 15,233.22. More than 6.4
billion shares traded hands on U.S. exchanges today, or 2 percent above
the three-month average.


Jobless Claims in U.S. Jump to Highest Level in Six Weeks

More Americans than projected filed claims for jobless benefits
last week and manufacturing in the Philadelphia region unexpectedly
shrank in May, signs the slowdown in growth is rippling through the
U.S. economy. The number of applications for unemployment insurance
payments jumped by 32,000 to 360,000 in the week ended May 11, the most
since the end of March, Labor Department figures showed today in
Washington. The Federal Reserve Bank of Philadelphia’s general economic
index fell to minus 5.2 from 1.3 in April.


Japan Becomes Most Favored Nation in Poll Showing Abe Optimism

Investors are more confident in a Japanese leader than any time
since at least September 2010, with optimism about Prime Minister
Shinzo Abe’s policies exceeding that for counterparts in the U.S.,
Europe and China. The number of respondents who are more optimistic
than pessimistic on the impact of Abe’s plans on Japan’s investment
climate rose to 66 percent this month from 54 percent in January, a
worldwide poll of investors, analysts and traders who are Bloomberg
subscribers showed. Japan offers one of the top two opportunities
globally in the next year, according to 33 percent of respondents, up
from 21 percent and beating China for the first time in surveys dating
back to 2009.


Japanese Stock Futures Fall as Data Signal U.S. Slowdown

Japanese stock futures fell after data showed U.S. jobless claims
rose and housing starts slumped, signaling a slowdown in the world’s
biggest economy and damping the earnings prospects for exporters.
Australian stock futures advanced. American Depositary Receipts of
Toyota Motor Corp , the world’s largest carmaker, dropped 0.9 percent
from the closing share price in Tokyo. Those of Mitsubishi UFJ
Financial Group Inc., Japan’s biggest lender, declined 1.3 percent
after the stock yesterday slid the most in a month. Newcrest Mining
Ltd., Australia’s biggest gold producer, may be active after gold
futures capped the longest slump since 2011.


Gold Bears Revived as Rout Resumes After Coin Rush: Commodities

Gold bears are dominant again after prices resumed their slump and
billionaire George Soros joined investors selling holdings in
exchange-traded products that have retreated to a two-year low. Prices
that rallied as much as sevenfold in the past 12 years entered a bear
market last month after some investors lost faith in gold as a store of
value and equities rallied on mounting confidence the U.S. economy is
improving. The slump spurred a surge in demand around the world, with
coin purchases from the U.S. Mint rising to a three-year high in April.
This month’s sales are on course to be 65 percent lower and global ETP
holdings increased on just one day in the past six weeks.


(Source: Bloomberg)

ding ding ding lunch time

gtronic jalan

deng DAYA

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affin & Bimb strong today