Fool Trader KLSE Research: July 2012

Tuesday 31 July 2012

Morning Coffee - 1 Aug 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Decline As Investors Await Fed Decision: as investors awaited the Federal Reserve’s monetary-policy decision tomorrow. About five stocks fell for every three that rose on U.S. exchanges. The S&P 500 (SPX) slid 0.4 percent to 1,379.32. The benchmark measure rose 1.3 percent in July. The Dow average slid 64.33 points, or 0.5 percent, to 13,008.68 today. Volume for exchange-listed stocks in the U.S. was 6.7 billion shares, or about in line with the three-month average

U.K. Stocks Retreat On BP Earnings, German ESM Comments: as BP Plc (BP/) reported results that missed estimates and Germany’s Finance Ministry said it sees no need to give Europe’s permanent bailout fund a banking license. FTSE 100 Index (UKX) lost 58.35 points, or 1 percent. France CAC 40 down 1percents and Germany DAX was lower slightly.

Oil Falls On Speculation Fed To Forgo Stimulus: Federal Reserve will be less likely to announce additional measures to stimulate the economy after U.S. consumer confidence and business activity unexpectedly grew. Oil for September delivery fell $1.72, or 1.9 percent, to settle at $88.06 a barrel on the New
York Mercantile Exchange. Prices climbed 3.6 percent this month and declined 11 percent this year.

CORPORATE NEWS

Gabungan AQRS to reward investors: , which was listed on Bursa Malaysia's Main Market yesterday, will pay dividends of at least one fourth of its net profit annually . For the year ended December 31 2011, Gabungan AQRS recorded a proforma net profit of RM48.2 million on revenue of RM372.4 million. EPF buys RM2.2b blue chip stocks: has turned net buyers of blue chip stocks, acquiring an estimated RM2.2 billion worth of stocks over the past two months. In March this year, when word got out that EPF was net seller of stocks, retail investors also
cooled down their interest in the equity market here.

Btimes

Bintai revises net profit: made a huge adjustment to its audited net profit after tax for the financial year ended March 31, 2012 after recording an additional impairment loss on receivables of RM26.6mil. Bintai Kinden explained that there was additional impairment loss on receivables, namely from Desa Konsep Sdn Bhd and KBK Dubai LLC, based on the latest information and developments.

EcoFirst gains from revaluation: gain of RM22.4mil from the revaluation of 1Segamat Mall. The three-storey shopping complex, with a basement and roof top parking space in Johor, was valued at RM83.6mil by independent professional property valuer Henry Butcher Malaysia (Kluang) Sdn Bhd.

StarBiz

Source:Jupiter Securities Research 01 August 2012

Stock Overview - MYEG - 1 Aug 2012

MYEG ( 0138 : 0.68 ) : Targeting 0.80/Stop loss 0.65

Description

Resistance : 0.74 0.80
Support : 0.65

RSI of 73
RSI is overbought

STOCHASTIC
It is on an upswing

Comment
The current uptrend is targeting 0.80

Trading Strategy
Buy. Stop loss is at 0.65

Source:Jupiter Securities Research 01 August 2012

Stock Overview - LANDMRK - 1 Aug 2012

LANDMRK ( 1643 : 1.00 ) : Buy below 0.99

Description

Resistance : 1.10 1.13
Support : 0.98

RSI of 72
RSI is overbought

STOCHASTIC
It is on an upswing

Comment
The current uptrend is targeting 1.10

Trading Strategy
Buy below 0.99. Stop loss is at 0.96

Source:Jupiter Securities Research 01 August 2012

Stock Overview - JOHOTIN - 1 Aug 2012

JOHOTIN ( 7167 :1.62 ) : Targeting 1.84/Stop loss 1.50

Description

Resistance : 1.84
Support : 1.50

RSI of 69
RSI is on the rise

STOCHASTIC
It is on an upswing

Comment
The current upmove is targeting 1.84

Trading Strategy
Buy. Stop loss is at 1.50

Source:Jupiter Securities Research 01 August 2012

Stock Overview - BRDB - 1 Aug 2012

BRDB ( 1473 : 2.72 ) : Take profit

Description

Resistance : 2.76
Support : 2.70

RSI of 78
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 31/7/2012 buy call, we are recommending to take profit

Trading Strategy
Take profit

Source:Jupiter Securities Research 01 August 2012

Daily Summary - 1 Aug 2012

YOUR MORNING COFFEE – Wednesday 1/8/2012

SUMMARY

Wall St closed 0.5% lower, on cautious expectation of hope that central banks in Europe and US will take steps to support the economy this week. US Fed will meet Wednesday, and ECB on Thursday. Personal income rose 0.5%. Home prices rose 2.2%, on the S&P Case-Shiller index. Chicago PMI index rose to 53.7. Consumer confidence rose to 65.9.
Dow of 13,008 is heading for a retest on the previous high of 13,338.
RSI of 58, is on the rise.
DOLLAR INDEX is down at 82.7. Upside is at 86.2.
Crude oil is lower at USD88.0. Resistance is at 93.6.
Dollar yen is lower at 78.1 yen. Support is at 77.9.
Euro/dollar is higher at 1.229. Upside is at 1.245.
Gold is lower at USD1612. Upside is at 1740.
Shanghai closed lower at 2,103.
Singapore STI closed higher at 3,033.
Ringgit is firmer at 3.124. Downside is at 3.210.
S’pore ringgit is lower at 2.510. Upside is at 2.540.
Malaysian market closed lower at 1631. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1590-1610. RSI of 58, is up. Today’s range is between 1628 and 1638.
CPO Sep futures is lower at RM2953. Support is at 2924.
Trading : LANDMRK ( 1643 : 1.00 ) : Buy below 0.99, MYEG ( 0138 : 0.68 ) : Targeting 0.80/Stop loss 0.65, BRDB ( 1473 : 2.72 ) : Take profit, JOHOTIN ( 7167 :1.62 ) : Targeting 1.84/Stop loss 1.50

Source:Jupiter Securities Research 01 August 2012

Morning Coffee - 31 July 2012

MARKET ROUNDUP (Source Bloomberg)

Most U.S. Stocks Slip After Two-Day Rally; Corn At Record: while European equities rose for a third day and Spanish bonds rallied on speculation policy makers will take action to ease the region’s debt crisis. Corn jumped to a record as an American drought persisted. Standard & Poor’s 500 Index slipped 0.05 percent to 1,385.3 after jumping 3.6 percent over the previous two sessions. Three stocks retreated for every two that rose on U.S. exchanges. Crop conditions are the poorest since 1988 and parts of the U.S. are suffering from the worst drought since 1956. Corn has soared 61 percent since June 15, signaling higher food prices and boosting costs for producers of meat and ethanol.

European Stocks Rise On Euro Support Pledge: rose to their highest level since April amid optimism the European Central Bank will win support from policy makers for a plan to ease the euro area’s debt crisis. The U.K.’s FTSE 100 Index and
France’s CAC 40 Index jumped 1.2 percent, while Germany’s DAX Index gained 1.3 percent.

Oil Falls First Time In Five Days As Dollar Gains On Euro: as the dollar advanced against the euro and amid concern that central bankers will take insufficient action this week to bolster economic growth. Oil for September delivery fell 0.4 percent to $89.78 a barrel in New York as a stronger dollar weighed on crude.

CORPORATE NEWS

YTL opens resort off Sabah: YTL Hotels has started operating the first of its two planned luxury resorts on islands off Borneo. The diversified group started operating the Gaya Island Resort on July 1, YTL's first luxury property which it also owns in Sabah and Sarawak. The resort is expecting to garner an average room rate of above US$350 (RM1,102) and an average occupancy of over 50 per cent in its first year of operation.

Refiners upset over move to boost tax-free CPO exports: The move was made following a recent Cabinet decision. Downstream players have been hoping for the
government to heed their call to scrap the quota as they said it lowered the industry's competitiveness and reduced national revenue. Last year, he estimated that the government had suffered a loss of RM2.45 billion from the exports of 3.47 million tonnes of duty-free CPO.

Btimes

REDtone back in the black: with a net profit of RM2.15mil for the financial year ended May 31, 2012 (FY12), compared with the RM11.72mil loss in the previous year. The turnaround was attributed to significant growth in the company's data and broadband services.

Surprise fall in Japan factory output: unexpectedly last month, official data showed, stoking concerns that turmoil overseas is damaging a recovery in the world's third largest economy. The June decrease was largely due to falling output from automakers and other transport equipment manufacturers, the electronics industry, and the iron and steel sector.

BizTheStar

Source:Jupiter Securities Research 31 July 2012

Monday 30 July 2012

Technical stock picks table - 31 July 2012

Tuesday, 31 July 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012 Sell:15/5/2012 0.70 0.78,0.81 Consolidation breakout Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012 Sell:16/5/2012 0.87 1.04,1.12 Consolidation breakout Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012 Sell:14/5/2012 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012 Sell:16/5/2012 1.22 1.45,1.50 Technical rebound, oversold Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012 Sell:16/5/2012 2.80 3.20,3.49 Bullish Pennant or Flag Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012 Sell:15/5/2012 0.54 0.66,0.73 Technical rebound, oversold Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012 Sell:15/5/2012 3.50 4.04 Bullish Pennant or Flag Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012 Sell:14/5/2012 2.63 2.90,2.98 Technical rebound, oversold
Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012 Sell:18/5/2012 5.33 5.80 Uptrend Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012 Sell:17/5/2012 1.00 1.18 Technical rebound, oversold Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012 Sell:16/5/2012 0.125 0.21 Consolidation breakout Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012 Sell:8/6/2012 2.16 2.52 Technical rebound, oversold Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 Sell:20/6/2012 2.00 2.42 Uptrend Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012 Sell:22/5/2012 1.62 1.94,2.06 Uptrend Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012 Sell:16/5/2012 3.46 3.90 Technical rebound, oversold Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 Sell:9/7/2012 0.54 0.61 Double Bottom Take profit at 0.61
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012 Sell: 4/6/2012 1.83 2.38 Small downside Take profit at 2.22
GENM (4715/3.58) Buy: 18/5/2012 Sell:30/5/2012 3.50 3.93-3.97 Technical rebound, oversold Take profit at 3.83
MRCB (1651/1.58) Buy: 18/5/2012 Sell:20/6/20121.46 1.82-1.90 Technical rebound, oversold Take profit at 1.82
BIMB (5258/2.42) Buy: 18/5/2012 Sell:29/5/2012 2.27 2.58 Technical rebound, oversold Take profit at 2.60
MISC (3816/4.23) Buy: 21/5/2012 Sell: 4/6/2012 4.00 4.60 Correction ended at 3.92 Stop out at 4.00
MFLOUR (3662/1.45) Buy: 22/5/2012 1.32 5/6/2012:Stop loss raised to 1.45 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575) Buy: 22/5/2012 Sell:26/6/2012 0.52 0.69 Technical rebound, oversold Take profit at 0.68
PERDANA (7108/0.50) Buy: 22/5/2012 Sell:14/6/2012 0.47 0.58,0.64 Technical rebound, oversold Take profit at 0.59
CRESBLD (8591/1.08) Buy: 23/5/2012 Sell:25/5/2012 1.04 1.30 Uprun Stop out at 1.04
BSTEAD (2771/4.98) Buy: 23/5/2012 Sell:19/6/2012 4.86 5.44,5.54 Technical rebound, oversold Take profit at 5.44
TA (4898/0.54) Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28) Buy: 24/5/2012 Sell:2/7/2012 1.22 1.44,1.49 Technical rebound, oversold Take profit at 1.44
YTLLAND (2577/0.975) Buy below 0.96:24/5/2012 Sell:30/7/2012 0.93 1.12 Technical rebound, oversold Take profit at 1.12
KNM (7164/0.76) Buy: 24/5/2012 Sell: 4/6/2012 0.72 0.84,0.88 Technical rebound, oversold Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012 Sell: 4/6/2012 2.44 2.80 Technical rebound,oversold Stop out at 2.44
KPSCB (9121/0.39) Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS (9474/1.20) Buy: 25/5/2012 Sell:11/6/2012 1.14 1.40 Technical rebound, oversold Stop out at 1.13
DIGI (6947/3.95) Buy: 29/5/2012 Sell:20/6/2012 3.89 4.20 Technical rebound, oversold Take profit at 4.20
PERMAJU (7080/0.84) Buy: 29/5/2012 Sell:31/5/2012 0.80 1.02 Double bottom Stop out at 0.80
LEESK (8079/0.145) Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93) Buy: 30/5/2012 Sell:19/7/2012 0.86 1.00 Technical rebound, oversold Take profit at 1.06
E&O (3417/1.43) Buy: 30/5/2012 Sell:11/7/2012 1.38 1.53 Technical rebound, oversold Take profit at 1.56
MAS (3786/1.17) Buy: 31/5/2012 Sell:27/7/2012 1.08 1.30,1.40 Technical rebound, oversold Stop out at 1.08
PUNCAK (6807/1.33) Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00) Buy: 1/6/2012 Sell:11/6/2012 1.90 2.20 Uptrend Take profit at 2.14
L&G (3174/0.34) Buy: 1/6/2012 Sell:19/6/2012 0.31 0.39,0.44 Trend breakout
Take profit at 0.39
COASTAL (5071/1.76) Buy: 1/6/2012 Sell:11/6/2012 1.62 2.00 Technical rebound, oversold Take profit at 1.91
TM (4863/5.39) Buy: 1/6/2012 Sell:22/6/2012 5.30 5.70 Uptrend Take profit at 5.80
TAGB (5158/0.275) Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05) Buy: 4/6/2012 Sell:10/7/2012 5.85 6.40,6.60 Technical rebound, oversold Take profit at 6.35
BINTAI (6998/0.375) Buy: 4/6/2012 Sell:11/6/2012 0.34 0.46 Breakout Take profit at 0.42
SMI (4375/0.21) Buy below 0.20:5/6/2012 0.185 0.25 Correction completed
KLCCP (5089/3.95) Buy: 5/6/2012 Sell:28/6/2012 3.84 4.22,4.34 Consolidation breakout Take profit at 4.34
MPHB (3859/3.24) Buy: 6/6/2012 Sell:18/6/2012 3.10 14/6/2012:Stop loss raised to
3.38 3.50,3.64 Uptrend Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012 Sell:15/6/2012 3.69 4.20 Technical rebound, oversold Take profit at 4.55
LITRAK (6645/4.10) Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 Sell:18/7/2012 8.50 9.20 Oversold Take profit at 8.77
UMW (4588/8.08) Buy: 7/6/2012 Sell:14/6/2012 7.90 14/6/2012:Stop loss raised to
8.22 8.40,8.60 Uptrend Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 Sell:6/7/2012 1.90 2.15,2.19 Oversold Take profit at 2.15
FITTERS (9318/0.72) Buy: 8/6/2012 Sell:19/7/2012 0.69 0.85 Double bottom Take profit at 0.83
AIRASIA (5099/3.65) Buy: 11/6/2012 Sell:6/7/2012 3.52 3.82,3.94 Rebound Take profit at 3.82
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012 Sell:18/6/2012 0.35 0.41 Oversold Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 Sell:25/6/2012 1.35 1.60 Oversold
Take profit at 1.62
FAJAR (7047/1.08) Buy: 13/6/2012 Sell:14/6/2012 1.04 1.22 Technical rebound
Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 28/6/2012:Stop loss lowered to 0.94 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 Sell:10/7/2012 1.88 2.15 Positive technicals
Take profit at 2.18
OLDTOWN(5201/1.59) Buy:18/6/2012 Sell:19/6/2012 1.51 1.74 Positive technicals
Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 Sell:10/7/2012 2.18 2.54 Oversold Take profit at 2.60
MALTON (6181/0.57) Buy:19/6/2012 Sell:28/6/2012 0.55 0.65 Technical rebound
Stop out at 0.55
AZRB (7078/0.775) Buy:21/6/2012 Sell:26/6/2012 0.74 0.90,0.96 Technical rebound
Stop out at 0.74
PARAMON (1724/1.78) Buy:22/6/2012 1.70 1.90,2.00 Consolidation breakout
MAYBULK (5077/1.58) Buy below 1.55:22/6/2012 1.52 1.76,1.84 Oversold
GKENT (3204/1.04) Buy:25/6/2012 0.94 1.22 Double bottom
HWGB (9601/0.415) Buy:25/6/2012 Sell:26/6/2012 0.40 0.45,0.49 Consolidation breakout Take profit at 0.45
UMLAND (4561/2.25) Buy:26/6/2012 Sell:9/7/2012 2.18 2.40,2.49 Uprun Take profit at 2.40
PARKSON (5657/4.59) Buy below 4.50:29/6/2012 4.36 4.90 Oversold
MULPHA (3905/0.41) Buy: 2/7/2012 0.40 0.47 Oversold
HAPSENG (3034/1.79) Buy:2/7/2012 1.72 1.87,2.00 Oversold
KEURO (3565/1.05) Buy:3/7/2012 1.00 1.16 Oversold
DELEUM (5132/1.76) Buy:3/7/2012 Sell:13/7/2012 1.69 1.97 Oversold Take profit at 1.93
PERISAI (0047/0.87) Buy:3/7/2012 0.85 0.96 Oversold ALAM (5115/0.55) Buy:4/7/2012
Sell:13/7/2012 0.52 0.65 Oversold Stop out at 0.52
PADINI (7052/1.86) Buy:4/7/2012 1.82 2.09 Oversold
HARVEST (9342/0.46) Buy:4/7/2012 Sell:12/7/2012 0.42 0.64 Oversold Take profit at 0.64
RSAWIT (5113/1.07) Buy:5/7/2012 Sell:11/7/2012 1.03 1.16 Consolidation breakout
Take profit at 1.16
SHCHAN (4316/1.20) Buy:5/7/2012 Sell:13/7/2012 1.17 1.28,1.34 Consolidation breakout Stop out at 1.17
ULICORP (7133/0.77) Buy:5/7/2012 0.75 0.85 Uprun
ADVENTA (7191/1.60) Buy:6/7/2012 Sell:11/7/2012 1.54 1.70,1.80 Uprun
Take profit at 1.86
MKH (6114/2.38) Buy:6/7/2012 Sell:9/7/2012 2.26 2.52,2.86 Uprun Take profit at 2.60
HSL (6238/1.65) Buy:6/7/2012 1.60 1.82 Uprun
GADANG (9261:0.59) Buy:9/7/2012 0.57 0.68 Uprun
MMCCORP (2194/2.61) Buy:9/7/2012 Sell:18/7/2012 2.55 2.80 Oversold Stop out at 2.55
KSK (5097/0.68) Buy:11/7/2012 0.64 0.88 Uprun
HIBISCS (5199/1.56) Buy:12/7/2012 1.50 1.80 Consolidation breakout
NYLEX (4944/0.59) Buy:13/7/2012 0.53 0.70,0.74 Upmove
KHEESAN (6203/0.42) Buy:13/7/2012 0.38 0.53 Upmove
SKPETRO (5218/2.21) Buy:13/7/2012 Sell:19/7/2012 2.18 2.40 Oversold Take profit at 2.44
MBFHLDG (1236/1.04) Buy:16/7/2012 1.00 1.16,1.28 Upmove
WEIDA (7111/1.26) Buy:16/7/2012 Sell:17/7/2012 1.20 1.44 Upmove Take profit at 1.44
KHSB (6246/0.48) Buy below 0.47:16/7/2012 0.44 0.58 Technical rebound
AFFIN (5185/3.60) Buy:18/7/2012 3.53 3.90,4.29 Consolidation breakout
PRESBHD (5204/1.35) Buy:18/7/2012 Sell:20/7/2012 1.30 1.50 Consolidation breakout
Stop out at 1.30
WCT (9679/2.55) Buy:18/7/2012 Sell:24/7/2012 2.50 2.74,2.95 Consolidation breakout Stop out at 2.50
MBMR (5983/4.00) Buy:19/7/2012 Sell:27/7/2012 3.88 4.30 Upmove Stop out at 3.84
L&G (3174/0.42) Buy:19/7/2012 0.40 0.49,0.54 Upmove
CIMB (1023/7.88) Buy:19/7/2012 7.70 8.20,8.40 Upmove
BGYEAR (7023/0.46) Buy:20/7/2012 Sell:25/7/2012 0.40 0.54,0.62 Technical rebound Take profit at 0.59
NOTION (0083/1.26) Buy:23/7/2012 1.22 1.37,1.39 Upmove
MKLAND (8893/0.34) Buy:23/7/2012 Sell:26/7/2012 0.31 0.39,0.42 Upmove Take profit at 0.39
TENAGA (5347/6.82) Buy:23/7/2012 6.64 7.18,7.60 Consolidation breakout
GTRONIC (7022/1.38) Buy:25/7/2012 1.23 1.63 Upmove
INGRESS (7112/1.43) Buy:25/7/2012 1.26 1.70 Upmove
OLDTOWN (5201/1.76) Buy below 1.70:26/7/2012 Sell:30/7/2012 1.59 2.05 Oversold
Take profit at 2.05
FABER (1368/1.47) Buy below 1.45:27/7/2012 1.39 1.65,1.77 Oversold
MRCB (1651/1.75) Buy:30/7/2012 1.66 1.90,2.00 Oversold
IJM (3336/5.18) Buy:30/7/2012 5.07 5.50,5.70 Oversold
KIANJOO (3522/2.60) Buy:31/7/2012 2.50 2.90 Upmove
BRDB (7193/2.53) Buy:31/7/2012 2.48 2.74 Upmove

Source:Jupiter Securities Research 31 July 2012

Stock Overview - KIANJOO - 31 July 2012

KIANJOO ( 3522 : 2.61 ) : Targeting 2.90/Stop loss 2.50

Description

Resistance : 2.90
Support : 2.50

RSI of 67
RSI is recovering

STOCHASTIC
It is on an upswing

Comment
The current uptrend is targeting 2.90

Trading Strategy
Buy. Stop loss is at 2.50

Source:Jupiter Securities Research 31 July 2012

Stock Overview - BRDB - 31 July 2012

BRDB ( 1473 : 2.53 ) : Targeting 2.74/Stop loss 2.48

Description

Resistance : 2.74
Support : 2.48

RSI of 71
RSI is overbought

STOCHASTIC
It is on an upswing

Comment
The current uprun has an upside of 2.74

Trading Strategy
Buy. Stop loss is at 2.48

Source:Jupiter Securities Research 31 July 2012

Stock Overview - YTLLAND - 31 July 2012

YTLLAND ( 2577 : 1.10 ) : Take profit

Description

Resistance : 1.16
Support : 1.06

RSI of 70
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 24/5/2012 buy call at below 0.96, we are recommending to take profit as it has hit the 1.12 target

Trading Strategy
Take profit

Source:Jupiter Securities Research 31 July 2012

Stock Overview - OLDTOWN - 31 July 2012

OLDTOWN ( 5201 : 1.99 ) : Take profit

Description

Resistance : 2.10
Support : 1.80

RSI of 63
RSI is on a negative divergence

STOCHASTIC
It is overbought

Comment
On the buy call of 26/7/2012, we are recommending to take profit as it has gone overbought

Trading Strategy
Take profit

Source:Jupiter Securities Research 31 July 2012

Daily Summary - 31 July 2012

YOUR MORNING COFFEE – Tuesday 31/7/2012

SUMMARY

Wall St closed 0.02% lower, on cautious expectation of hope that central banks in Europe and US will take steps to support the economy this week. US Fed will meet Wednesday, and ECB on Thursday.
Dow of 13,073, is heading for a retest on the previous high of 13,338. RSI of 62, is on the rise.
DOLLAR INDEX is up at 82.8. Upside is at 86.2.
Crude oil is lower at USD89.8. Resistance is at 93.6.
Dollar yen is lower at 78.1 yen. Support is at 77.9.
Euro/dollar is lower at 1.226. Upside is at 1.245.
Gold is higher at USD1622. Upside is at 1740.
Shanghai closed lower at 2,109.
Singapore STI closed higher at 3,028.
Ringgit is firmer at 3.149. Downside is at 3.210.
S’pore ringgit is lower at 2.526. Upside is at 2.540.
Malaysian market closed higher at 1632. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1590-1610. RSI of 59, is up. Today’s range is between 1628 and 1638.
CPO Sep futures is higher at RM2959. Support is at 2924.
Trading : KIANJOO ( 3522 : 2.60 ) : Targeting 2.90/Stop loss 2.50 YTLLAND ( 2577 : 1.11 ) : Take profit, BRDB ( 1473 : 2.53 ) : Targeting 2.74/Stop loss 2.48, OLDTOWN ( 5201 : 1.99 ) : Take profit

Source:Jupiter Securities Research 31 July 2012

Sunday 29 July 2012

Technical stock picks table - 30 July 2012

Monday, 30 July 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012 Sell:15/5/2012 0.70 0.78,0.81 Consolidation breakout Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012 Sell:16/5/2012 0.87 1.04,1.12 Consolidation breakout Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012 Sell:14/5/2012 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012 Sell:16/5/2012 1.22 1.45,1.50 Technical rebound, oversold Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012 Sell:16/5/2012 2.80 3.20,3.49 Bullish Pennant or Flag Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012 Sell:15/5/2012 0.54 0.66,0.73 Technical rebound, oversold Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012 Sell:15/5/2012 3.50 4.04 Bullish Pennant or Flag Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012 Sell:14/5/2012 2.63 2.90,2.98 Technical rebound, oversold Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012 Sell:18/5/2012 5.33 5.80 Uptrend Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012 Sell:17/5/2012 1.00 1.18 Technical rebound, oversold Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012 Sell:16/5/2012 0.125 0.21 Consolidation breakout Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012 Sell:8/6/2012 2.16 2.52 Technical rebound, oversold Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 Sell:20/6/2012 2.00 2.42 Uptrend Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012 Sell:22/5/2012 1.62 1.94,2.06 Uptrend
Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012 Sell:16/5/2012 3.46 3.90 Technical rebound, oversold Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 Sell:9/7/2012 0.54 0.61 Double Bottom Take profit at 0.61
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012 Sell: 4/6/2012 1.83 2.38 Small downside
Take profit at 2.22
GENM (4715/3.58) Buy: 18/5/2012 Sell:30/5/2012 3.50 3.93-3.97 Technical rebound, oversold Take profit at 3.83
MRCB (1651/1.58) Buy: 18/5/2012 Sell:20/6/2012 1.46 1.82-1.90 Technical rebound, oversold Take profit at 1.82
BIMB (5258/2.42) Buy: 18/5/2012 Sell:29/5/2012 2.27 2.58 Technical rebound, oversold Take profit at 2.60
MISC (3816/4.23) Buy: 21/5/2012 Sell: 4/6/2012 4.00 4.60 Correction ended at 3.92
Stop out at 4.00
MFLOUR (3662/1.45) Buy: 22/5/2012 1.32 5/6/2012:Stop loss raised to 1.45 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575) Buy: 22/5/2012 Sell:26/6/2012 0.52 0.69 Technical rebound, oversold Take profit at 0.68
PERDANA (7108/0.50) Buy: 22/5/2012 Sell:14/6/2012 0.47 0.58,0.64 Technical rebound, oversold Take profit at 0.59
CRESBLD (8591/1.08) Buy: 23/5/2012 Sell:25/5/2012 1.04 1.30 Uprun Stop out at 1.04
BSTEAD (2771/4.98) Buy: 23/5/2012 Sell:19/6/2012 4.86 5.44,5.54 Technical rebound, oversold Take profit at 5.44
TA (4898/0.54) Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28) Buy: 24/5/2012 Sell:2/7/2012 1.22 1.44,1.49 Technical rebound, oversold Take profit at 1.44
YTLLAND (2577/0.975) Buy below 0.96:24/5/2012 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76) Buy: 24/5/2012 Sell: 4/6/2012 0.72 0.84,0.88 Technical rebound, oversold Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012 Sell: 4/6/2012 2.44 2.80 Technical rebound, oversold Stop out at 2.44
KPSCB (9121/0.39) Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS (9474/1.20) Buy: 25/5/2012 Sell:11/6/2012 1.14 1.40 Technical rebound, oversold Stop out at 1.13
DIGI (6947/3.95) Buy: 29/5/2012 Sell:20/6/2012 3.89 4.20 Technical rebound, oversold Take profit at 4.20
PERMAJU (7080/0.84) Buy: 29/5/2012 Sell:31/5/2012 0.80 1.02 Double bottom Stop out at 0.80
LEESK (8079/0.145) Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93) Buy: 30/5/2012 Sell:19/7/2012 0.86 1.00 Technical rebound, oversold Take profit at 1.06
E&O (3417/1.43) Buy: 30/5/2012 Sell:11/7/2012 1.38 1.53 Technical rebound, oversold Take profit at 1.56
MAS (3786/1.17) Buy: 31/5/2012 Sell:27/7/2012 1.08 1.30,1.40 Technical rebound, oversold Stop out at 1.08
PUNCAK (6807/1.33) Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00) Buy: 1/6/2012 Sell:11/6/2012 1.90 2.20 Uptrend Take profit at 2.14
L&G (3174/0.34) Buy: 1/6/2012 Sell:19/6/2012 0.31 0.39,0.44 Trend breakout
Take profit at 0.39
COASTAL (5071/1.76) Buy: 1/6/2012 Sell:11/6/2012 1.62 2.00 Technical rebound, oversold Take profit at 1.91
TM (4863/5.39) Buy: 1/6/2012 Sell:22/6/2012 5.30 5.70 Uptrend Take profit at 5.80
TAGB (5158/0.275)Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05) Buy: 4/6/2012 Sell:10/7/2012 5.85 6.40,6.60 Technical rebound, oversold Take profit at 6.35
BINTAI (6998/0.375) Buy: 4/6/2012 Sell:11/6/2012 0.34 0.46 Breakout Take profit at 0.42
SMI (4375/0.21) Buy below 0.20:5/6/2012 0.185 0.25 Correction completed
KLCCP (5089/3.95) Buy: 5/6/2012 Sell:28/6/2012 3.84 4.22,4.34 Consolidation breakout Take profit at 4.34
MPHB (3859/3.24) Buy: 6/6/2012 Sell:18/6/2012 3.10 14/6/2012:Stop loss raised to 3.38 3.50,3.64 Uptrend Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012 Sell:15/6/2012 3.69 4.20 Technical rebound, oversold Take profit at 4.55
LITRAK (6645/4.10) Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 Sell:18/7/2012 8.50 9.20 Oversold Take profit at 8.77
UMW (4588/8.08) Buy: 7/6/2012 Sell:14/6/2012 7.90 14/6/2012:Stop loss raised to 8.22 8.40,8.60 Uptrend Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 Sell:6/7/2012 1.90 2.15,2.19 Oversold Take profit at 2.15
FITTERS (9318/0.72) Buy: 8/6/2012 Sell:19/7/2012 0.69 0.85 Double bottom Take profit at 0.83
AIRASIA (5099/3.65) Buy: 11/6/2012 Sell:6/7/2012 3.52 3.82,3.94 Rebound Take profit at 3.82
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012 Sell:18/6/2012 0.35 0.41 Oversold Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 Sell:25/6/2012 1.35 1.60 Oversold Take profit at 1.62
FAJAR (7047/1.08) Buy: 13/6/2012 Sell:14/6/2012 1.04 1.22 Technical rebound Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 28/6/2012:Stop loss lowered to 0.94 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 Sell:10/7/2012 1.88 2.15 Positive technicals
Take profit at 2.18
OLDTOWN(5201/1.59) Buy:18/6/2012 Sell:19/6/2012 1.51 1.74 Positive technicals
Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 Sell:10/7/2012 2.18 2.54 Oversold Take profit at 2.60
MALTON (6181/0.57) Buy:19/6/2012 Sell:28/6/2012 0.55 0.65 Technical rebound
Stop out at 0.55
AZRB (7078/0.775) Buy:21/6/2012 Sell:26/6/2012 0.74 0.90,0.96 Technical rebound Stop out at 0.74
PARAMON (1724/1.78) Buy:22/6/2012 Sell:18/7/2012 1.70 1.90,2.00 Consolidation breakout Stop out at 1.69
MAYBULK (5077/1.58) Buy below 1.55 :22/6/2012 1.52 1.76,1.84 Oversold
GKENT (3204/1.04) Buy:25/6/2012 0.94 1.22 Double bottom
HWGB (9601/0.415) Buy:25/6/2012 Sell:26/6/2012 0.40 0.45,0.49 Consolidation breakout Take profit at 0.45
UMLAND (4561/2.25) Buy:26/6/2012 Sell:9/7/2012 2.18 2.40,2.49 Uprun Take profit at 2.40
PARKSON (5657/4.59) Buy below 4.50 :29/6/2012 4.36 4.90 Oversold
MULPHA (3905/0.41) Buy: 2/7/2012 0.40 0.47 Oversold
HAPSENG (3034/1.79) Buy:2/7/2012 1.72 1.87,2.00 Oversold
KEURO (3565/1.05) Buy:3/7/2012 1.00 1.16 Oversold
DELEUM (5132/1.76) Buy:3/7/2012 Sell:13/7/2012 1.69 1.97 Oversold Take profit at 1.93
PERISAI (0047/0.87) Buy:3/7/2012 0.85 0.96 Oversold
ALAM (5115/0.55) Buy:4/7/2012 Sell:13/7/2012 0.52 0.65 Oversold Stop out at 0.52
PADINI (7052/1.86) Buy:4/7/2012 1.82 2.09 Oversold
HARVEST (9342/0.46) Buy:4/7/2012 Sell:12/7/2012 0.42 0.64 Oversold Take profit at 0.64
RSAWIT (5113/1.07) Buy:5/7/2012 Sell:11/7/2012 1.03 1.16 Consolidation breakout Take profit at 1.16
SHCHAN (4316/1.20) Buy:5/7/2012 Sell:13/7/2012 1.17 1.28,1.34 Consolidation breakout Stop out at 1.17
ULICORP (7133/0.77) Buy:5/7/2012 0.75 0.85 Uprun
ADVENTA (7191/1.60) Buy:6/7/2012 Sell:11/7/2012 1.54 1.70,1.80 Uprun
Take profit at 1.86
MKH (6114/2.38) Buy:6/7/2012 Sell:9/7/2012 2.26 2.52,2.86 Uprun Take profit at 2.60
HSL (6238/1.65) Buy:6/7/2012 1.60 1.82 Uprun
GADANG (9261:0.59) Buy:9/7/2012 0.57 0.68 Uprun
MMCCORP (2194/2.61) Buy:9/7/2012 Sell:18/7/2012 2.55 2.80 Oversold Stop out at 2.55
KSK (5097/0.68) Buy:11/7/2012 0.64 0.88 Uprun
HIBISCS (5199/1.56) Buy:12/7/2012 1.50 1.80 Consolidation breakout
NYLEX (4944/0.59) Buy:13/7/2012 0.53 0.70,0.74 Upmove
KHEESAN (6203/0.42) Buy:13/7/2012 0.38 0.53 Upmove
SKPETRO (5218/2.21) Buy:13/7/2012 Sell:19/7/2012 2.18 2.40 Oversold Take profit at 2.44
MBFHLDG (1236/1.04) Buy:16/7/2012 1.00 1.16,1.28 Upmove
WEIDA (7111/1.26) Buy:16/7/2012 Sell:17/7/2012 1.20 1.44 Upmove Take profit at 1.44
KHSB (6246/0.48) Buy below 0.47:16/7/20120.44 0.58 Technical rebound
AFFIN (5185/3.60) Buy:18/7/2012 3.53 3.90,4.29 Consolidation breakout
PRESBHD (5204/1.35) Buy:18/7/2012 Sell:20/7/2012 1.30 1.50 Consolidation breakout Stop out at 1.30
WCT (9679/2.55) Buy:18/7/2012 Sell:24/7/2012 2.50 2.74,2.95 Consolidation breakout Stop out at 2.50
MBMR (5983/4.00) Buy:19/7/2012 Sell:27/7/2012 3.88 4.30 Upmove Stop out at 3.84
L&G (3174/0.42) Buy:19/7/2012 0.40 0.49,0.54 Upmove
CIMB (1023/7.88) Buy:19/7/2012 7.70 8.20,8.40 Upmove
BGYEAR (7023/0.46) Buy:20/7/2012 Sell:25/7/2012 0.40 0.54,0.62 Technical rebound Take profit at 0.59
NOTION (0083/1.26) Buy:23/7/2012 1.22 1.37,1.39 Upmove
MKLAND (8893/0.34) Buy:23/7/2012 Sell:26/7/2012 0.31 0.39,0.42 Upmove Take profit at 0.39
TENAGA (5347/6.82) Buy:23/7/2012 6.64 7.18,7.60 Consolidation breakout
GTRONIC (7022/1.38) Buy:25/7/2012 1.23 1.63 Upmove
INGRESS (7112/1.43) Buy:25/7/2012 1.26 1.70 Upmove
OLDTOWN (5201/1.76) Buy below 1.70:26/7/2012 1.59 2.05 Oversold
FABER (1368/1.47) Buy below 1.45:27/7/2012 1.39 1.65,1.77 Oversold
MRCB (1651/1.75) Buy:30/7/2012 1.66 1.90,2.00 Oversold
IJM (3336/5.18) Buy:30/7/2012 5.07 5.50,5.70 Oversold

Source:Jupiter Securities Research 30 July 2012

Morning Coffee - 30 July 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Equity Futures, Euro Drop On Concern Of Economic Slowdown: signaling the Standard & Poor’s 500 Index may trim last week’s advance, and the euro weakened as confidence among South Korean manufacturers fell to a three-year low and economists said the American jobless rate remained above 8 percent in July. The S&P 500 advanced 1.7 percent to 1,385.97 last week, rising the most since June and extending its gain for the year to 10 percent. The Dow Jones Industrial Average climbed 253.09 points, or 2 percent, to 13,075.66. Its three-week rally was the longest streak since January.

European Stocks Climb For An Eighth Week; Santander Jumps: as German Chancellor Angela Merkel and French President Francois Hollande joined European Central Bank President Mario Draghi in promising to do everything to protect
the euro. The DAX gained 1.6 percent, FTSE Index added 54.05 points, or 1 percent and CAC added 2.3%.

Oil Trades Near Week High Before Central Banks Meet On Economy: on speculation that U.S. and European policy makers may act to boost growth. Oil for September delivery was at $90.18 a barrel, up 5 cents, in electronic trading on the New York Mercantile Exchange at 9:39 a.m. Sydney time. The contract climbed 0.8 percent to $90.13 on July 27 for a fourth day of gains and the highest close since July 20. Prices are up 6.1 percent this month.

CORPORATE NEWS

All eyes on Asia Media after strong showing: Much of the interest in Amedia stems from its plans to transfer its listing status to the main board from the ACE Market. For the record, Amedia had posted an aggregate audited consolidated after-tax profit of RM28.65 million over the past three financial years, which makes it eligible to seek an upgrade in its listing status.

MRCB in line for RM1b MRT job: MRCB, which is 42 per cent owned by the Employees Provident Fund, also won a RM1.33 billion 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 RM2.5 billion.

Btimes

Palm oil prices seen to trend lower this week: on concerns that the lingering European debt crisis will dampen demand growth from major economies, dealers said. Malaysia's palm oil exports fell 14.3% and 18.6% for the July 1 to 25 period compared to the same period a month ago, according to cargo surveyors Intertek Testing Services and Societe Generale de Surveillance respectively.

CMS Cement says will not raise price: 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. 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.

BizTheStar

Source:Jupiter Securities Research 30 July 2012

Stock Overview - MRCB - 30 July 2012

MRCB ( 1651 : 1.73 ) : Targeting 2.00/Stop loss 1.66

Description

Resistance : 1.90 2.00
Support : 1.66

RSI of 44
RSI is neutral

STOCHASTIC
It is oversold, indicating a limited downside

Comment
It is due for a technical rebound on its oversold technicals

Trading Strategy
Buy. Stop loss is at 1.66

Source:Jupiter Securities Research 30 July 2012

IJM ( 3336 : 5.14 ) : Targeting 5.50/Stop loss 5.07

Description

Resistance : 5.50 5.70
Support : 5.08

RSI of 57
RSI is on the rise

STOCHASTIC
It is oversold

Comment
The current technical rebound is eyeing 5.50

Trading Strategy
Buy. Stop loss is at 5.07

Source:Jupiter Securities Research 30 July 2012

Stock Overview - IJM - 30 July 2012

IJM ( 3336 : 5.14 ) : Targeting 5.50/Stop loss 5.07

Description

Resistance : 5.50 5.70
Support : 5.08

RSI of 57
RSI is on the rise

STOCHASTIC
It is oversold

Comment
The current technical rebound is eyeing 5.50

Trading Strategy
Buy. Stop loss is at 5.07

Source:Jupiter Securities Research 30 July 2012

Daily Summary - 30 July 2012

YOUR MORNING COFFEE – Monday 30/7/2012

SUMMARY

Wall St closed 1.5% higher, on hope that central banks in Europe and US will take steps to support the economy. French and German leaders voiced commitment to protect the eurozone. This followed on the similar statement by the ECB president. US economy grew at 1.5% in the 2Q.
Dow of 13,075, is heading for a retest on the previous high of 13,338.
RSI of 62, is on the rise.
DOLLAR INDEX is down at 82.7. Upside is at 86.2.
Crude oil is higher at USD90.1. Resistance is at 93.6.
Dollar yen is higher at 78.4 yen. Support is at 77.9.
Euro/dollar is higher at 1.229. Upside is at 1.245.
Gold is higher at USD1622. Upside is at 1740.
Shanghai closed higher at 2,128.
Singapore STI closed lower at 3,002.
Ringgit is firmer at 3.151. Downside is at 3.210.
S’pore ringgit is lower at 2.524. Upside is at 2.540.
Malaysian market closed higher at 1624. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1590-1610. RSI of 54, is weakening. Today’s range is between 1620 and 1630.
CPO Sep futures is higher at RM2915. Support is at 2924.
Trading : MRCB ( 1651 : 1.73 ) : Targeting 2.00/Stop loss 1.66, IJM ( 3336 : 5.14 ) : Targeting 5.50/Stop loss 5.07

Source:Jupiter Securities Research

Thursday 26 July 2012

Technical stock picks table - 27 July 2012

Friday, 27 July 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012 Sell:15/5/2012 0.70 0.78,0.81 Consolidation breakout Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012 Sell:16/5/2012 0.87 1.04,1.12 Consolidation breakout Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012 Sell:14/5/2012 7.54 8.16,8.28 Uptrend, oversold Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012 Sell:16/5/2012 1.22 1.45,1.50 Technical rebound, oversold
Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012 Sell:16/5/2012 2.80 3.20,3.49 Bullish Pennant or Flag Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012 Sell:15/5/2012 0.54 0.66,0.73 Technical rebound, oversold Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012 Sell:15/5/2012 3.50 4.04 Bullish Pennant or Flag Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012 Sell:14/5/2012 2.63 2.90,2.98 Technical rebound, oversold Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012 Sell:18/5/2012 5.33 5.80 Uptrend Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012 Sell:17/5/2012 1.00 1.18 Technical rebound, oversold Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012 Sell:16/5/2012 0.125 0.21 Consolidation breakout Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012 Sell:8/6/2012 2.16 2.52 Technical rebound, oversold Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 Sell:20/6/2012 2.00 2.42 Uptrend Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012 Sell:22/5/2012 1.62 1.94,2.06 Uptrend
Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012 Sell:16/5/2012 3.46 3.90 Technical rebound, oversold Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 Sell:9/7/2012 0.54 0.61 Double Bottom Take profit at 0.61
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012 Sell: 4/6/2012 1.83 2.38 Small downside Take profit at 2.22
GENM (4715/3.58) Buy: 18/5/2012 Sell:30/5/2012 3.50 3.93-3.97 Technical rebound, oversold Take profit at 3.83
MRCB (1651/1.58) Buy: 18/5/2012 Sell:20/6/2012 1.46 1.82-1.90 Technical rebound, oversold Take profit at 1.82
BIMB (5258/2.42) Buy: 18/5/2012 Sell:29/5/2012 2.27 2.58 Technical rebound, oversold Take profit at 2.60
MISC (3816/4.23) Buy: 21/5/2012 Sell: 4/6/2012 4.00 4.60 Correction ended at 3.92 Stop out at 4.00
MFLOUR (3662/1.45) Buy: 22/5/2012 1.32 5/6/2012:Stop loss raised to 1.45 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575) Buy: 22/5/2012 Sell:26/6/2012 0.52 0.69 Technical rebound, oversold Take profit at 0.68
PERDANA (7108/0.50) Buy: 22/5/2012 Sell:14/6/2012 0.47 0.58,0.64 Technical rebound, oversold Take profit at 0.59
CRESBLD (8591/1.08) Buy: 23/5/2012 Sell:25/5/2012 1.04 1.30 Uprun Stop out at 1.04
BSTEAD (2771/4.98) Buy: 23/5/2012 Sell:19/6/2012 4.86 5.44,5.54 Technical rebound, oversold Take profit at 5.44
TA (4898/0.54)Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28) Buy: 24/5/2012 Sell:2/7/2012 1.22 1.44,1.49 Technical rebound, oversold Take profit at 1.44
YTLLAND (2577/0.975) Buy below 0.96:24/5/2012 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76) Buy: 24/5/2012 Sell: 4/6/2012 0.72 0.84,0.88 Technical rebound, oversold Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012 Sell: 4/6/2012 2.44 2.80 Technical rebound, oversold Stop out at 2.44
KPSCB (9121/0.39) Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS (9474/1.20) Buy: 25/5/2012 Sell:11/6/2012 1.14 1.40 Technical rebound, oversold Stop out at 1.13
DIGI (6947/3.95) Buy: 29/5/2012 Sell:20/6/2012 3.89 4.20 Technical rebound, oversold Take profit at 4.20
PERMAJU (7080/0.84) Buy: 29/5/2012 Sell:31/5/2012 0.80 1.02 Double bottom Stop out at 0.80
LEESK (8079/0.145)
Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93) Buy: 30/5/2012 Sell:19/7/2012 0.86 1.00 Technical rebound, oversold Take profit at 1.06
E&O (3417/1.43) Buy: 30/5/2012 Sell:11/7/2012 1.38 1.53 Technical rebound, oversold Take profit at 1.56
MAS (3786/1.17) Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33) Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00) Buy: 1/6/2012 Sell:11/6/2012 1.90 2.20 Uptrend Take profit at 2.14
L&G (3174/0.34) Buy: 1/6/2012 Sell:19/6/2012 0.31 0.39,0.44 Trend breakout
Take profit at 0.39
COASTAL (5071/1.76) Buy: 1/6/2012 Sell:11/6/2012 1.62 2.00 Technical rebound, oversold Take profit at 1.91
TM (4863/5.39) Buy: 1/6/2012 Sell:22/6/2012 5.30 5.70 Uptrend Take profit at 5.80
TAGB (5158/0.275)
Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05) Buy: 4/6/2012 Sell:10/7/2012 5.85 6.40,6.60 Technical rebound, oversold Take profit at 6.35
BINTAI (6998/0.375) Buy: 4/6/2012 Sell:11/6/2012 0.34 0.46 Breakout Take profit at 0.42
SMI (4375/0.21) Buy below 0.20:5/6/20120.185 0.25 Correction completed
KLCCP (5089/3.95) Buy: 5/6/2012 Sell:28/6/2012 3.84 4.22,4.34 Consolidation breakout Take profit at 4.34
MPHB (3859/3.24) Buy: 6/6/2012 Sell:18/6/2012 3.10 14/6/2012:Stop loss raised to 3.38 3.50,3.64 Uptrend Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012 Sell:15/6/2012 3.69 4.20 Technical rebound, oversold Take profit at 4.55
LITRAK (6645/4.10) Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 Sell:18/7/2012 8.50 9.20 Oversold Take profit at 8.77
UMW (4588/8.08) Buy: 7/6/2012 Sell:14/6/2012 7.90 14/6/2012:Stop loss raised to
8.22 8.40,8.60 Uptrend Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 Sell:6/7/2012 1.90 2.15,2.19 Oversold Take profit at 2.15
FITTERS (9318/0.72) Buy: 8/6/2012 Sell:19/7/2012 0.69 0.85 Double bottom Take profit at 0.83
AIRASIA (5099/3.65) Buy: 11/6/2012 Sell:6/7/2012 3.52 3.82,3.94 Rebound Take profit at 3.82
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012 Sell:18/6/2012 0.35 0.41 Oversold Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 Sell:25/6/2012 1.35 1.60 Oversold Take profit at 1.62
FAJAR (7047/1.08) Buy: 13/6/2012 Sell:14/6/2012 1.04 1.22 Technical rebound Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 28/6/2012:Stop loss lowered to 0.94 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 Sell:10/7/2012 1.88 2.15 Positive technicals
Take profit at 2.18
OLDTOWN(5201/1.59) Buy:18/6/2012 Sell:19/6/2012 1.51 1.74 Positive technicals
Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 Sell:10/7/2012 2.18 2.54 Oversold Take profit at 2.60
MALTON (6181/0.57) Buy:19/6/2012 Sell:28/6/2012 0.55 0.65 Technical rebound Stop out at 0.55
AZRB (7078/0.775) Buy:21/6/2012 Sell:26/6/2012 0.74 0.90,0.96 Technical rebound
Stop out at 0.74
PARAMON (1724/1.78) Buy:22/6/2012 Sell:18/7/2012
1.70 1.90,2.00 Consolidation breakout Stop out at 1.69
MAYBULK (5077/1.58) Buy below 1.55:22/6/2012 1.52 1.76,1.84 Oversold
GKENT (3204/1.04) Buy:25/6/2012 0.94 1.22 Double bottom
HWGB (9601/0.415) Buy:25/6/2012 Sell:26/6/2012 0.40 0.45,0.49 Consolidation breakout Take profit at 0.45
UMLAND (4561/2.25) Buy:26/6/2012 Sell:9/7/2012 2.18 2.40,2.49 Uprun Take profit at 2.40
PARKSON (5657/4.59) Buy below 4.50:29/6/2012 4.36 4.90 Oversold
MULPHA (3905/0.41) Buy: 2/7/2012 0.40 0.47 Oversold
HAPSENG (3034/1.79) Buy:2/7/2012 1.72 1.87,2.00 Oversold
KEURO (3565/1.05) Buy:3/7/2012 1.00 1.16 Oversold
DELEUM (5132/1.76) Buy:3/7/2012 Sell:13/7/2012 1.69 1.97 Oversold Take profit at 1.93
PERISAI (0047/0.87) Buy:3/7/2012 0.85 0.96 Oversold
ALAM (5115/0.55) Buy:4/7/2012 Sell:13/7/2012 0.52 0.65 Oversold Stop out at 0.52
PADINI (7052/1.86) Buy:4/7/2012 1.82 2.09 Oversold
HARVEST (9342/0.46) Buy:4/7/2012 Sell:12/7/2012 0.42 0.64 Oversold Take profit at 0.64
RSAWIT (5113/1.07) Buy:5/7/2012 Sell:11/7/2012 1.03 1.16 Consolidation breakout
Take profit at 1.16
SHCHAN (4316/1.20) Buy:5/7/2012 Sell:13/7/2012 1.17 1.28,1.34 Consolidation breakout Stop out at 1.17
ULICORP (7133/0.77) Buy:5/7/2012 0.75 0.85 Uprun
ADVENTA (7191/1.60) Buy:6/7/2012 Sell:11/7/2012 1.54 1.70,1.80 Uprun Take profit at 1.86
MKH (6114/2.38) Buy:6/7/2012 Sell:9/7/2012 2.26 2.52,2.86 Uprun Take profit at 2.60
HSL (6238/1.65) Buy:6/7/2012 1.60 1.82 Uprun
GADANG (9261:0.59) Buy:9/7/2012 0.57 0.68 Uprun
MMCCORP (2194/2.61) Buy:9/7/2012 Sell:18/7/2012 2.55 2.80 Oversold Stop out at 2.55
KSK (5097/0.68) Buy:11/7/2012 0.64 0.88 Uprun
HIBISCS (5199/1.56) Buy:12/7/2012 1.50 1.80 Consolidation breakout
NYLEX (4944/0.59) Buy:13/7/2012 0.53 0.70,0.74 Upmove
KHEESAN (6203/0.42) Buy:13/7/2012 0.38 0.53 Upmove
SKPETRO (5218/2.21) Buy:13/7/2012 Sell:19/7/2012 2.18 2.40 Oversold Take profit at 2.44
MBFHLDG (1236/1.04) Buy:16/7/2012 1.00 1.16,1.28 Upmove
WEIDA (7111/1.26) Buy:16/7/2012 Sell:17/7/2012 1.20 1.44 Upmove Take profit at 1.44
KHSB (6246/0.48) Buy below 0.47:16/7/2012 0.44 0.58 Technical rebound
AFFIN (5185/3.60) Buy:18/7/2012 3.53 3.90,4.29 Consolidation breakout
PRESBHD (5204/1.35) Buy:18/7/2012 Sell:20/7/2012 1.30 1.50 Consolidation breakout
Stop out at 1.30
WCT (9679/2.55) Buy:18/7/2012 Sell:24/7/2012 2.50 2.74,2.95 Consolidation breakout Stop out at 2.50
MBMR (5983/4.00) Buy:19/7/2012 3.88 4.30 Upmove
L&G (3174/0.42) Buy:19/7/2012 0.40 0.49,0.54 Upmove
CIMB (1023/7.88) Buy:19/7/2012 7.70 8.20,8.40 Upmove
BGYEAR (7023/0.46) Buy:20/7/2012 Sell:25/7/2012 0.40 0.54,0.62 Technical rebound
Take profit at 0.59
NOTION (0083/1.26) Buy:23/7/2012 1.22 1.37,1.39 Upmove
MKLAND (8893/0.34) Buy:23/7/2012 Sell:26/7/2012 0.31 0.39,0.42 Upmove Take profit at 0.39
TENAGA (5347/6.82) Buy:23/7/2012 6.64 7.18,7.60 Consolidation breakout
GTRONIC (7022/1.38) Buy:25/7/2012 1.23 1.63 Upmove
INGRESS (7112/1.43) Buy:25/7/2012 1.26 1.70 Upmove
OLDTOWN (5201/1.76) Buy below 1.70:26/7/2012 1.59 2.05 Oversold
FABER (1368/1.47) Buy below 1.45:27/7/20121.39 1.65,1.77 Oversold

Source:Jupiter Securities Research 27 July 2012

Stock Overview - MKLAND - 27 July 2012

MKLAND ( 8893 : 0.39 ) : Take profit

Description

Resistance : 0.41
Support : 0.37

RSI of 79
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 23/7/2012 buy call at 0.34, we are recommending to take profit as the upside is expected to be limited due to the overbought level

Trading Strategy
Take profit

Source:Jupiter Securities Research 27 July 2012

Stock Overview - FABER - 27 July 2012

FABER ( 1368 : 1.47 ) : Buy below 1.45

Description

Resistance : 1.65 1.77
Support : 1.44

RSI of 49
RSI is recovering

STOCHASTIC
It is on an upswing

Comment
While a small pullback to 1.44 is likely, it is heading higher to 1.65, 1.77

Trading Strategy
Buy below 1.45. Stop loss is at 1.39

Source:Jupiter Securities Research 27 July 2012

Morning Coffee - 27 July 2012

MARKET ROUNDUP (Source Bloomberg)

Dow Caps Biggest Gain In One Month Amid Draghi’s Pledge: after European Central Bank President Mario Draghi pledged to defend the euro. Seven stocks rose for every three falling on U.S. exchanges. The Standard & Poor’s 500 Index added 1.7 percent to 1,360.02. It fell 2.8 percent over the previous four days. The Dow gained 211.88 points, or 1.7 percent, to 12,887.93. Volume for exchange-listed stocks in the U.S. was 7.7 billion shares, or 15 percent above the three-month
average.

European Stocks Rally As Draghi Pledges To Preserve Euro: after European Central Bank President Mario Draghi said policy makers will do whatever it takes to preserve the euro. The U.K.’s FTSE 100 gained 1.4 percent, France’s CAC 40
jumped 4.1 percent and Germany’s DAX climbed 2.8 percent.

Oil Rises For Third Day On U.S. Economy, Euro Pledge: as U.S. reports on durable goods and jobless claims reduced concern that economic growth is slowing, and the head of the European Central Bank pledged that the euro will survive. Crude for September delivery rose 42 cents to settle at $89.39 a barrel on the New York Mercantile Exchange. Prices have increased 15 percent from the year’s closing low of $77.69 a barrel on June 28.

CORPORATE NEWS

AirAsia, partner buy Indonesia’s Batavia Air: LOW-cost carrier AirAsia Bhd and its Indonesian partner PT Fersindo Nusaperkasa (Fersindo) have acquired PT Metro Batavia that operates the Indonesian airline, Batavia Air and Aero Flyer Institute, an aviation training school for RM253 million. Batavia Air, founded in 2002, operates a fleet of 33 aircraft. This includes 15 Boeing B737-300s, nine Boeing B737-400s, one Boeing B737-500s, one Airbus 321, five Airbus A320s and two Airbus 330s.

Parkson buys into Sri Lanka fashion retailer: Parkson Holdings Bhd’s 67.61 per cent unit, Parkson Retail Asia Ltd, plans to buy a 41.82 per cent stake, or 60.6 million shares, in Sri Lanka’s fashion retailer Odel plc from the Gunewardene family for S$13.6 million (RM34.27 million).

Btimes

Tasek Q2 profit falls 4.4% on weaker concrete business: Revenue was flat at RM139.73mil compared with RM138.57mil.It declared an interim dividend of 30 sen a share. As of the period, the company has RM446.14mil in cash.

Menang Corp unit bags training centre concession: has entered into a concession agreement with the Higher Education Ministry and University Teknologi MARA to undertake the proposed building of Institut Latihan UiTM Nilai in Negeri
Sembilan on a private finance initiative (PFI) basis of RM101mil.Upon completion of the facilities and infrastructure, PESB will receive availability charges of approximately RM1.3mil monthly in arrears for the project from UiTM over the lease period of 20 years.

BizTheStar

Tasek Q2 profit falls 4.4% on weaker concrete business: Revenue was flat at RM139.73mil compared with RM138.57mil.It declared an interim dividend of 30 sen a share.As of the period, the company has RM446.14mil in cash.

Menang Corp unit bags training centre concession: has entered into a concession agreement with the Higher Education Ministry and University Teknologi MARA to undertake the proposed building of Institut Latihan UiTM Nilai in Negeri
Sembilan on a private finance initiative (PFI) basis of RM101mil. Upon completion of the facilities and infrastructure, PESB will receive availability charges of approximately RM1.3mil monthly in arrears for the project from UiTM over the lease period of 20 years.

BizTheStar

Source:Jupiter Securities Research 27 July 2012

Daily Summary - 27 July 2012

YOUR MORNING COFFEE – Friday 27/7/2012

SUMMARY

Wall St closed 1.7% higher, following the ECB president’s speech that it would take whatever to preserve the euro. This may be a hint that ECB will buy bonds to pull down borrowing costs. Weekly initial jobless claims dipped to 353,000. Durable goods orders rose 1.6%, better than expected.
Dow of 12,887, has hit a support at 12,521, indicating a limited downside. Resistance is at 13,030. RSI of 56, is neutral.
DOLLAR INDEX is down at 82.8. Upside is at 86.2.
Crude oil is higher at USD89.4. Resistance is at 93.6.
Dollar yen is higher at 78.3 yen. Support is at 77.9.
Euro/dollar is higher at 1.227. Upside is at 1.245.
Gold is higher at USD1614. Upside is at 1740.
Shanghai closed lower at 2,126.
Singapore STI closed higher at 3,008.
Ringgit is firmer at 3.158. Downside is at 3.210.
S’pore ringgit is lower at 2.521. Upside is at 2.540.
Malaysian market closed lower at 1623. On the Daily chart, it is targeting 1710 over a longer term. Near term pullback support is at 1590-1610. RSI of 55, is weakening. Today’s range is between 1620 and 1630.
CPO Sep futures is lower at RM2914. Support is at 2924.
Trading : MKLAND ( 8893 : 0.39 ) : Take profit, FABER ( 1368 : 1.47 ) : Buy below 1.45

Source:Jupiter Securities Research 27 July 2012

Technical stock picks table - 26 July 2012

Thursday, 26 July 2012

Stock code / Price Action : Date Stop loss Target Comment

GENM (4715/3.58) Buy: 18/5/2012 Sell:30/5/2012 3.50 3.93-3.97 Technical rebound, oversold Take profit at 3.83
MRCB (1651/1.58) Buy: 18/5/2012 Sell:20/6/2012 1.46 1.82-1.90 Technical rebound, oversold Take profit at 1.82
BIMB (5258/2.42) Buy: 18/5/2012 Sell:29/5/2012 2.27 2.58 Technical rebound, oversold Take profit at 2.60
MISC (3816/4.23) Buy: 21/5/2012 Sell: 4/6/2012 4.00 4.60 Correction ended at 3.92
Stop out at 4.00
MFLOUR (3662/1.45) Buy: 22/5/2012 1.32 5/6/2012:Stop loss raised to
1.45 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575) Buy: 22/5/2012 Sell:26/6/2012 0.52 0.69 Technical rebound, oversold Take profit at 0.68
PERDANA (7108/0.50) Buy: 22/5/2012 Sell:14/6/2012 0.47 0.58,0.64 Technical rebound, oversold Take profit at 0.59
CRESBLD (8591/1.08) Buy: 23/5/2012 Sell:25/5/2012 1.04 1.30 Uprun Stop out at 1.04
BSTEAD (2771/4.98) Buy: 23/5/2012 Sell:19/6/2012 4.86 5.44,5.54 Technical rebound, oversold Take profit at 5.44
TA (4898/0.54) Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28) Buy: 24/5/2012 Sell:2/7/2012 1.22 1.44,1.49 Technical rebound, oversold
Take profit at 1.44
YTLLAND (2577/0.975) Buy below 0.96: 24/5/2012 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76) Buy: 24/5/2012 Sell: 4/6/2012 0.72 0.84,0.88 Technical rebound, oversold Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012 Sell: 4/6/2012 2.44 2.80 Technical rebound, oversold Stop out at 2.44
KPSCB (9121/0.39) Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS (9474/1.20) Buy: 25/5/2012 Sell:11/6/2012 1.14 1.40 Technical rebound, oversold Stop out at 1.13
DIGI (6947/3.95) Buy: 29/5/2012 Sell:20/6/2012 3.89 4.20 Technical rebound, oversold Take profit at 4.20
PERMAJU (7080/0.84) Buy: 29/5/2012 Sell:31/5/2012 0.80 1.02 Double bottom Stop out at 0.80
LEESK (8079/0.145) Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93) Buy: 30/5/2012 Sell:19/7/2012 0.86 1.00 Technical rebound, oversold Take profit at 1.06
E&O (3417/1.43) Buy: 30/5/2012 Sell:11/7/2012 1.38 1.53 Technical rebound, oversold Take profit at 1.56
MAS (3786/1.17) Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33) Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00) Buy: 1/6/2012 Sell:11/6/2012 1.90 2.20 Uptrend Take profit at 2.14
L&G (3174/0.34) Buy: 1/6/2012 Sell:19/6/2012 0.31 0.39,0.44 Trend breakout
Take profit at 0.39
COASTAL (5071/1.76) Buy: 1/6/2012 Sell:11/6/2012 1.62 2.00 Technical rebound, oversold Take profit at 1.91
TM (4863/5.39) Buy: 1/6/2012 Sell:22/6/2012 5.30 5.70 Uptrend Take profit at 5.80
TAGB (5158/0.275) Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05) Buy: 4/6/2012 Sell:10/7/2012 5.85 6.40,6.60 Technical rebound, oversold Take profit at 6.35
BINTAI (6998/0.375) Buy: 4/6/2012 Sell:11/6/2012 0.34 0.46 Breakout
Take profit at 0.42
SMI (4375/0.21) Buy below 0.20:5/6/2012 0.185 0.25 Correction completed
KLCCP (5089/3.95) Buy: 5/6/2012 Sell:28/6/2012 3.84 4.22,4.34 Consolidation breakout Take profit at 4.34
MPHB (3859/3.24) Buy: 6/6/2012 Sell:18/6/2012 3.10 14/6/2012:Stop loss raised to
3.38 3.50,3.64 Uptrend Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012 Sell:15/6/2012 3.69 4.20 Technical rebound, oversold Take profit at 4.55
LITRAK (6645/4.10) Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 Sell:18/7/2012 8.50 9.20 Oversold Take profit at 8.77
UMW (4588/8.08) Buy: 7/6/2012 Sell:14/6/2012 7.90 14/6/2012:Stop loss raised to 8.22 8.40,8.60 Uptrend Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 Sell:6/7/2012 1.90 2.15,2.19 Oversold
Take profit at 2.15
FITTERS (9318/0.72) Buy: 8/6/2012 Sell:19/7/2012 0.69 0.85 Double bottom
Take profit at 0.83
AIRASIA (5099/3.65) Buy: 11/6/2012 Sell:6/7/2012 3.52 3.82,3.94 Rebound Take profit at 3.82
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012 Sell:18/6/2012 0.35 0.41 Oversold Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 Sell:25/6/2012 1.35 1.60 Oversold Take profit at 1.62
FAJAR (7047/1.08) Buy: 13/6/2012 Sell:14/6/2012 1.04 1.22 Technical rebound Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 28/6/2012:Stop loss lowered to 0.94 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 Sell:10/7/2012 1.88 2.15 Positive technicals Take profit at 2.18
OLDTOWN(5201/1.59) Buy:18/6/2012 Sell:19/6/2012 1.51 1.74 Positive technicals
Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 Sell:10/7/2012 2.18 2.54 Oversold
Take profit at 2.60
MALTON (6181/0.57) Buy:19/6/2012 Sell:28/6/2012 0.55 0.65 Technical rebound
Stop out at 0.55
AZRB (7078/0.775) Buy:21/6/2012 Sell:26/6/2012 0.74 0.90,0.96 Technical rebound Stop out at 0.74
PARAMON (1724/1.78) Buy:22/6/2012 Sell:18/7/2012 1.70 1.90,2.00 Consolidation breakout Stop out at 1.69
MAYBULK (5077/1.58) Buy below 1.55 :22/6/2012 1.52 1.76,1.84 Oversold
GKENT (3204/1.04) Buy:25/6/2012 0.94 1.22 Double bottom
HWGB (9601/0.415) Buy:25/6/2012 Sell:26/6/2012 0.40 0.45,0.49 Consolidation breakout Take profit at 0.45
UMLAND (4561/2.25) Buy:26/6/2012 Sell:9/7/2012 2.18 2.40,2.49 Uprun Take profit at 2.40
PARKSON (5657/4.59) Buy below 4.50 :29/6/2012 4.36 4.90 Oversold
MULPHA (3905/0.41) Buy: 2/7/2012 0.40 0.47 Oversold
HAPSENG (3034/1.79) Buy:2/7/2012 1.72 1.87,2.00 Oversold
KEURO (3565/1.05) Buy:3/7/2012 1.00 1.16 Oversold
DELEUM (5132/1.76) Buy:3/7/2012 Sell:13/7/2012 1.69 1.97 Oversold Take profit at 1.93
PERISAI (0047/0.87) Buy:3/7/2012 0.85 0.96 Oversold
ALAM (5115/0.55) Buy:4/7/2012 Sell:13/7/2012 0.52 0.65 Oversold Stop out at 0.52
PADINI (7052/1.86) Buy:4/7/2012 1.82 2.09 Oversold
HARVEST (9342/0.46) Buy:4/7/2012 Sell:12/7/2012 0.42 0.64 Oversold Take profit at 0.64
RSAWIT (5113/1.07) Buy:5/7/2012 Sell:11/7/2012 1.03 1.16 Consolidation breakout
Take profit at 1.16
SHCHAN (4316/1.20) Buy:5/7/2012 Sell:13/7/2012 1.17 1.28,1.34 Consolidation breakout Stop out at 1.17
ULICORP (7133/0.77) Buy:5/7/2012 0.75 0.85 Uprun
ADVENTA (7191/1.60) Buy:6/7/2012 Sell:11/7/2012 1.54 1.70,1.80 Uprun Take profit at 1.86
MKH (6114/2.38) Buy:6/7/2012 Sell:9/7/2012 2.26 2.52,2.86 Uprun Take profit at 2.60
HSL (6238/1.65) Buy:6/7/2012 1.60 1.82 Uprun
GADANG (9261:0.59) Buy:9/7/2012 0.57 0.68 Uprun
MMCCORP (2194/2.61) Buy:9/7/2012 Sell:18/7/2012 2.55 2.80 Oversold Stop out at 2.55
KSK (5097/0.68) Buy:11/7/2012 0.64 0.88 Uprun
HIBISCS (5199/1.56) Buy:12/7/2012 1.50 1.80 Consolidation breakout
NYLEX (4944/0.59) Buy:13/7/2012 0.53 0.70,0.74 Upmove
KHEESAN (6203/0.42) Buy:13/7/2012 0.38 0.53 Upmove
SKPETRO (5218/2.21) Buy:13/7/2012 Sell:19/7/2012 2.18 2.40 Oversold Take profit at 2.44
MBFHLDG (1236/1.04) Buy:16/7/2012 1.00 1.16,1.28 Upmove
WEIDA (7111/1.26) Buy:16/7/2012 Sell:17/7/2012 1.20 1.44 Upmove Take profit at 1.44
KHSB (6246/0.48) Buy below 0.47:16/7/20120.44 0.58 Technical rebound
AFFIN (5185/3.60) Buy:18/7/2012 3.53 3.90,4.29 Consolidation breakout
PRESBHD (5204/1.35) Buy:18/7/2012 Sell:20/7/2012 1.30 1.50 Consolidation breakout Stop out at 1.30
WCT (9679/2.55) Buy:18/7/2012 Sell:24/7/2012 2.50 2.74,2.95 Consolidation breakout Stop out at 2.50
MBMR (5983/4.00) Buy:19/7/2012 3.88 4.30 Upmove
L&G (3174/0.42) Buy:19/7/2012 0.40 0.49,0.54 Upmove
CIMB (1023/7.88) Buy:19/7/2012 7.70 8.20,8.40 Upmove
BGYEAR (7023/0.46) Buy:20/7/2012 Sell:25/7/2012 0.40 0.54,0.62 Technical rebound Take profit at 0.59
NOTION (0083/1.26) Buy:23/7/2012 1.22 1.37,1.39 Upmove
MKLAND (8893/0.34) Buy:23/7/2012 0.31 0.39,0.42 Upmove
TENAGA (5347/6.82) Buy:23/7/2012 6.64 7.18,7.60 Consolidation breakout
GTRONIC (7022/1.38) Buy:25/7/2012 1.23 1.63 Upmove
INGRESS (7112/1.43) Buy:25/7/2012 1.26 1.70 Upmove
OLDTOWN (5201/1.76) Buy below 1.70:26/7/2012 1.59 2.05 Oversold

Source:Jupiter Securities Research 26 July 2012

Morning Coffee - 26 July 2012

MARKET ROUNDUP (Source Bloomberg)

S&P 500 Erases Advance As Apple’s Plunge Offsets Banks: as a rally in bank and industrial shares wasn’t enough to overcome disappointing results at Apple (AAPL)Inc. and an unexpected drop in new home sales. About five stocks rose for every four falling on U.S. exchanges. The S&P 500 slid less than 0.1 percent to 1,337.89, after gaining 0.4 percent earlier. The benchmark gauge has lost 2.8 percent in four days. The Dow Jones Industrial Average rose 58.73 points, or 0.5 percent, to 12,676.05. Volume for exchange-listed stocks in the U.S. was 6.6 billion shares, or about in line with the three-month average.

European Stocks Drop As U.K. GDP Shrinks: as reports showed the U.K. economy shrank the most in three years last quarter and U.S. new-house sales unexpectedly dropped last month. The U.K.’s FTSE 100 Index fell less than 0.1 percent,
while France’s CAC 40 Index gained 0.2 percent. Germany’s
DAX Index climbed 0.3 percent.

Oil Rises As Equities Rally, Euro Rises Against Dollar: after financial shares led U.S. equities higher and the euro advanced against the dollar for the first time in six days. Crude oil for September delivery advanced 47 cents to $88.97 a barrel on the New York Mercantile Exchange. Futures touched $86.84, the lowest intraday level since July 16. Prices are down 10 percent this year.

Scomi closer to completing its revamp: Scomi, together with Standard Chartered Private Equity Ltd and Fuji Investments I, was selling the stakes in Scomi Oilfield Ltd (SOL) and Scomi Sosma Sdn Bhd to Scomi Marine for about RM1.02 billion and RM6.71 million, respectively. The group was also selling its 48 per cent stake in Scomi KMC Sdn Bhd to Scomi Marine for RM769,911,000. Upon completion of the SOL disposal, Scomi's stake in Scomi Marine will increase from 42.76 per cent to 65.65 per cent, triggering a mandatory general offer for the rest of the
shares.

AirAsia carries 13pc more passengers in Q2: The budget carrier said in a statement that the capacity increased by 13 per cent to 10.462 million seats, while load factor was 79 per cent compared to 80 per cent last year. AirAsia added seven aircraft, raising its fleet to 100. The airline strengthened its Malaysian operations in the domestic and international market by increasing frequencies on Kuala Lumpur-Terengganu, KLLangkawi, KL-Vientiane, Langkawi-Singapore, KL-Saigon and utilising one new aircraft that was delivered end-May 2012.

Btimes

TAS Q4 net profit surges on sale of harbour tug: net profit in its fourth quarter ended May 31 almost tripled to RM7.12mil from RM2.57mil a year ago, although revenue was 16.03% lower at RM33.42mil against RM39.79mil previously. The Sibubased shipbuilder's earnings per share was 4.02 sen compared with 1.43 sen in the previous corresponding period. It declared a dividend of 1.5 sen per share.

MAS sees more revenue: is eyeing an additional US$100mil (RM320mil) in interlining passengers' revenue a year through the induction of the national carrier into the oneworld alliance early next year. Oneworld is one of the world's three largest global airline alliances, with its central management team,
Oneworld Management Company, based in New York.The alliance has an incomparable route network, covering more than 800 destinations in 150 countries, with MAS adding another 15 places and two countries when it joins the airline grouping next year. The oneworld alliance brings together 11 of the biggest and best names in the global airline business and 20 affiliated carriers.

BizTheStar

Source:Jupiter Securities Research 26 July 2012

Stock Overview - OLDTOWN - 26 July 2012

OLDTOWN ( 5201 : 1.76 ) : Buy below 1.70

Description

Resistance : 2.05
Support : 1.65

RSI of 51
RSI is neutral

STOCHASTIC
It is oversold, indicating a limited downside

Comment
Following the current pullback from the recent high of 2.05, it is due for a rebound

Trading Strategy
Buy below 1.70. Stop loss is at 1.59

Source:Jupiter Securities Research 26 July 2012

Stock Overview - BGYEAR - 26 July 2012

BGYEAR ( 7023 : 0.59 ) : Take profit

Description

Resistance : 0.62
Support : 0.54

RSI of 72
RSI is overbought

STOCHASTIC
It is overbought

Comment
On the 20/7/2012 buy call at 0.46, we are recommending to take profit as the upside is expected to be limited due to the overbought level

Trading Strategy
Take profit

Source:Jupiter Securities Research 26 July 2012

Daily Summary - 26 July 2012

YOUR MORNING COFFEE – Thursday 26/7/2012

SUMMARY

Wall St closed 0.5% higher, but concerns over the Europe debt crisis remain. New home sales fell 8.4% in June, from the May’s two year high.
Dow of 12,676, has hit a support at 12,521, indicating a limited
downside. Resistance is at 13,030. RSI of 48, is neutral.
DOLLAR INDEX is down at 83.6. Upside is at 86.2.
Crude oil is higher at USD88.7. Resistance is at 93.6.
Dollar yen is lower at 78.1 yen. Support is at 77.9.
Euro/dollar is higher at 1.213. Upside is at 1.245.
Gold is higher at USD1602. Upside is at 1740.
Shanghai closed lower at 2,136.
Singapore STI closed lower at 2,990.
Ringgit is firmer at 3.172. Downside is at 3.210.
S’pore ringgit is higher at 2.524. Upside is at 2.540.
Malaysian market closed higher at 1635. On the Daily chart, it is targeting 1654. Pullback support is at 1624. RSI of 62, is weakening.
Today’s range is between 1629 and 1639.
CPO Sep futures is lower at RM2910. Support is at 2924.
Trading : BGYEAR ( 7023 : 0.59 ) : Take profit OLDTOWN ( 5201 : 1.76 ) : Buy below 1.70

Source:Jupiter Securities Research 26 July 2012

Wednesday 25 July 2012

Technical stock picks table - 25 July 2012

Wednesday, 25 July 2012

Stock code / Price Action : Date Stop loss Target Comment

TRC (5054/0.735) Buy: 10/5/2012 Sell:15/5/2012 0.70 0.78,0.81 Consolidation breakout Stop out at 0.70
PERISAI (0047/0.90) Buy: 10/5/2012 Sell:16/5/2012 0.87 1.04,1.12 Consolidation breakout Stop out at 0.87
CIMB (1023/7.64) Buy: 10/5/2012 Sell:14/5/2012 7.54 8.16,8.28 Uptrend, oversold
Stop out at 7.54
MUHIBAH (5703/1.30) Buy: 10/5/2012 Sell:16/5/2012 1.22 1.45,1.50 Technical rebound, oversold Stop out at 1.22
MPHB (3859/2.95) Buy: 11/5/2012 Sell:16/5/2012 2.80 3.20,3.49 Bullish Pennant or Flag Stop out at 2.80
JAKS (4723/0.565) Buy: 11/5/2012 Sell:15/5/2012 0.54 0.66,0.73 Technical rebound, oversold Stop out at 0.54
AIRASIA (5099/3.65) Buy: 11/5/2012 Sell:15/5/2012 3.50 4.04 Bullish Pennant or Flag Stop out at 3.50
MUDAJYA (5085/2.75) Buy: 11/5/2012 Sell:14/5/2012 2.63 2.90,2.98 Technical rebound, oversold Stop out at 2.63
TM (4863/5.43) Buy: 14/5/2012 Sell:18/5/2012 5.33 5.80 Uptrend Stop out at 5.33
MEGB (5166/1.05) Buy: 14/5/2012 Sell:17/5/2012 1.00 1.18 Technical rebound, oversold Stop out at 1.00
LFECORP (7170/0.145) Buy: 14/5/2012 Sell:16/5/2012 0.125 0.21 Consolidation breakout Stop out at 0.125
DIALOG (7277/2.24) Buy: 14/5/2012 Sell:8/6/2012 2.16 2.52 Technical rebound, oversold Take profit at 2.39
CANONE (5105/2.10) Buy: 15/5/2012 Sell:20/6/2012 2.00 2.42 Uptrend Take profit at 2.34
DAYA (0091/0.21) Buy: 15/5/2012 0.18 0.28 Technical rebound, oversold
BJCORP (3395/0.765) Buy below 0.75:15/5/2012 0.72 0.82 Due for a technical rebound
WINGTM (2976/1.70) Buy: 16/5/2012 Sell:22/5/2012 1.62 1.94,2.06 Uptrend
Take profit at 2.00
GAMUDA (5398/3.56) Buy: 16/5/2012 Sell:16/5/2012 3.46 3.90 Technical rebound, oversold Stop out at 3.46
MITRA (9571/0.55) Buy: 17/5/2012 Sell:9/7/2012 0.54 0.61 Double Bottom Take profit at 0.61
KINSTEL (5060/0.43) Buy: 17/5/2012 0.40 0.50 Double Bottom
MBSB (1171/2.10) Buy below 2.00:17/5/2012 Sell: 4/6/2012 1.83 2.38 Small downside
Take profit at 2.22
GENM (4715/3.58) Buy: 18/5/2012 Sell:30/5/2012 3.50 3.93-3.97 Technical rebound, oversold Take profit at 3.83
MRCB (1651/1.58) Buy: 18/5/2012 Sell:20/6/2012 1.46 1.82-1.90 Technical rebound, oversold Take profit at 1.82
BIMB (5258/2.42) Buy: 18/5/2012 Sell:29/5/2012 2.27 2.58 Technical rebound, oversold Take profit at 2.60
MISC (3816/4.23) Buy: 21/5/2012 Sell: 4/6/2012 4.00 4.60 Correction ended at 3.92
Stop out at 4.00
MFLOUR (3662/1.45) Buy: 22/5/2012 1.32 5/6/2012:Stop loss raised to 1.45 1.70,1.82 Technical rebound, oversold
PERWAJA(5146/0.575) Buy: 22/5/2012 Sell:26/6/2012 0.52 0.69 Technical rebound, oversold Take profit at 0.68
PERDANA (7108/0.50) Buy: 22/5/2012 Sell:14/6/2012 0.47 0.58,0.64 Technical rebound, oversold
Take profit at 0.59
CRESBLD (8591/1.08) Buy: 23/5/2012 Sell:25/5/2012 1.04 1.30 Uprun Stop out at 1.04
BSTEAD (2771/4.98) Buy: 23/5/2012 Sell:19/6/2012 4.86 5.44,5.54 Technical rebound, oversold Take profit at 5.44
TA (4898/0.54) Buy: 24/5/2012 0.51 0.62,0.72 RSI positive divergence
UNISEM (5005/1.28) Buy: 24/5/2012 Sell:2/7/2012 1.22 1.44,1.49 Technical rebound, oversold Take profit at 1.44
YTLLAND (2577/0.975) Buy below 0.96:24/5/2012 0.93 1.12 Technical rebound, oversold
KNM (7164/0.76) Buy: 24/5/2012 Sell: 4/6/2012 0.72 0.84,0.88 Technical rebound, oversold Stop out at 0.72
CBIP (7076/2.54) Buy: 25/5/2012 Sell: 4/6/2012 2.44 2.80 Technical rebound, oversold Stop out at 2.44
KPSCB (9121/0.39)
Buy: 25/5/2012 0.37 0.48 Technical rebound, oversold
BRAHIMS (9474/1.20) Buy: 25/5/2012 Sell:11/6/2012 1.14 1.40 Technical rebound, oversold Stop out at 1.13
DIGI (6947/3.95) Buy: 29/5/2012 Sell:20/6/2012 3.89 4.20 Technical rebound, oversold Take profit at 4.20
PERMAJU (7080/0.84) Buy: 29/5/2012 Sell:31/5/2012 0.80 1.02 Double bottom
Stop out at 0.80
LEESK (8079/0.145) Buy: 30/5/2012 0.125 0.19 Technical rebound, oversold
SBCCORP (5207/0.93) Buy: 30/5/2012 Sell:19/7/2012 0.86 1.00 Technical rebound, oversold Take profit at 1.06
E&O (3417/1.43) Buy: 30/5/2012 Sell:11/7/2012 1.38 1.53 Technical rebound, oversold Take profit at 1.56
MAS (3786/1.17) Buy: 31/5/2012 1.08 1.30,1.40 Technical rebound, oversold
PUNCAK (6807/1.33) Buy: 31/5/2012 1.26 1.57 Consolidation breakout
YINSON (7293/2.00) Buy: 1/6/2012 Sell:11/6/2012 1.90 2.20 Uptrend Take profit at 2.14
L&G (3174/0.34) Buy: 1/6/2012 Sell:19/6/2012 0.31 0.39,0.44 Trend breakout
Take profit at 0.39
COASTAL (5071/1.76) Buy: 1/6/2012 Sell:11/6/2012 1.62 2.00 Technical rebound, oversold Take profit at 1.91
TM (4863/5.39) Buy: 1/6/2012 Sell:22/6/2012 5.30 5.70 Uptrend Take profit at 5.80
TAGB (5158/0.275)
Buy: 4/6/2012 0.26 0.34 Double bottom
BURSA (1818/6.05) Buy: 4/6/2012 Sell:10/7/2012 5.85 6.40,6.60 Technical rebound, oversold Take profit at 6.35
BINTAI (6998/0.375) Buy: 4/6/2012 Sell:11/6/2012 0.34 0.46 Breakout Take profit at 0.42
SMI (4375/0.21) Buy below 0.20:5/6/2012 0.185 0.25 Correction completed
KLCCP (5089/3.95) Buy: 5/6/2012 Sell:28/6/2012 3.84 4.22,4.34 Consolidation breakout Take profit at 4.34
MPHB (3859/3.24) Buy: 6/6/2012 Sell:18/6/2012 3.10 14/6/2012:Stop loss raised to 3.38 3.50,3.64 Uptrend
Take profit at 3.38
TDM (2054/3.78) Buy: 6/6/2012 Sell:15/6/2012 3.69 4.20 Technical rebound,oversold
Take profit at 4.55
LITRAK (6645/4.10) Buy: 6/6/2012 3.92 4.48 Uptrend
MAYBANK (1155/8.70) Buy: 7/6/2012 Sell:18/7/2012 8.50 9.20 Oversold Take profit at 8.77
UMW (4588/8.08) Buy: 7/6/2012 Sell:14/6/2012 7.90 14/6/2012:Stop loss raised to 8.22 8.40,8.60 Uptrend Take profit at 8.44
BJTOTO (1562/4.31) Buy: 7/6/2012 4.20 4.70 Oversold
UEMLAND (5148/1.96) Buy: 8/6/2012 Sell:6/7/2012 1.90 2.15,2.19 Oversold Take profit at 2.15
FITTERS (9318/0.72) Buy: 8/6/2012 Sell:19/7/2012 0.69 0.85 Double bottom Take profit at 0.83
AIRASIA (5099/3.65) Buy: 11/6/2012 Sell:6/7/2012 3.52 3.82,3.94 Rebound
Take profit at 3.82
SKPRES (7155/0.535) Buy: 11/6/2012 0.50 0.63 Consolidation breakout
CENSOF (5195/0.37) Buy: 12/6/2012 Sell:18/6/2012 0.35 0.41 Oversold Take profit at 0.41
FAVCO (7229/1.43) Buy: 13/6/2012 Sell:25/6/2012 1.35 1.60 Oversold
Take profit at 1.62
FAJAR (7047/1.08) Buy: 13/6/2012 Sell:14/6/2012 1.04 1.22 Technical rebound
Stop out at 1.04
MUHIBAH (5703/1.21) Buy:14/6/2012 1.18 28/6/2012:Stop loss lowered to
0.94 1.34 Double bottom
ENG (8826/1.95) Buy:14/6/2012 1.91 2.20 Breakout
TRC (5054/0.67) Buy around 0.65:15/6/2012 0.62 0.74 Double Bottom
SUPERMX (7106/1.96) Buy:18/6/2012 Sell:10/7/2012 1.88 2.15 Positive technicals
Take profit at 2.18
OLDTOWN(5201/1.59) Buy:18/6/2012 Sell:19/6/2012 1.51 1.74 Positive technicals
Take profit at 1.74
THPLANT (5112/2.29) Buy:19/6/2012 Sell:10/7/2012 2.18 2.54 Oversold Take profit at 2.60
MALTON (6181/0.57) Buy:19/6/2012 Sell:28/6/2012 0.55 0.65 Technical rebound Stop out at 0.55
AZRB (7078/0.775) Buy:21/6/2012 Sell:26/6/2012 0.74 0.90,0.96 Technical rebound Stop out at 0.74
PARAMON (1724/1.78) Buy:22/6/2012 Sell:18/7/2012 1.70 1.90,2.00 Consolidation breakout Stop out at 1.69
MAYBULK (5077/1.58) Buy below 1.55 :22/6/2012 1.52 1.76,1.84 Oversold
GKENT (3204/1.04) Buy:25/6/2012 0.94 1.22 Double bottom
HWGB (9601/0.415) Buy:25/6/2012 Sell:26/6/2012 0.40 0.45,0.49 Consolidation breakout Take profit at 0.45
UMLAND (4561/2.25) Buy:26/6/2012 Sell:9/7/2012 2.18 2.40,2.49 Uprun Take profit at 2.40
PARKSON (5657/4.59) Buy below 4.50:29/6/2012 4.36 4.90 Oversold
MULPHA (3905/0.41) Buy: 2/7/2012 0.40 0.47 Oversold
HAPSENG (3034/1.79) Buy:2/7/2012 1.72 1.87,2.00 Oversold
KEURO (3565/1.05) Buy:3/7/2012 1.00 1.16 Oversold
DELEUM (5132/1.76) Buy:3/7/2012 Sell:13/7/2012 1.69 1.97 Oversold Take profit at 1.93
PERISAI (0047/0.87) Buy:3/7/2012 0.85 0.96 Oversold
ALAM (5115/0.55) Buy:4/7/2012 Sell:13/7/2012 0.52 0.65 Oversold Stop out at 0.52
PADINI (7052/1.86) Buy:4/7/2012 1.82 2.09 Oversold
HARVEST (9342/0.46) Buy:4/7/2012 Sell:12/7/2012 0.42 0.64 Oversold Take profit at 0.64
RSAWIT (5113/1.07) Buy:5/7/2012 Sell:11/7/2012 1.03 1.16 Consolidation breakout Take profit at 1.16
SHCHAN (4316/1.20) Buy:5/7/2012 Sell:13/7/2012 1.17 1.28,1.34 Consolidation breakout Stop out at 1.17
ULICORP (7133/0.77) Buy:5/7/2012 0.75 0.85 Uprun
ADVENTA (7191/1.60) Buy:6/7/2012 Sell:11/7/2012 1.54 1.70,1.80 Uprun Take profit at 1.86
MKH (6114/2.38) Buy:6/7/2012 Sell:9/7/2012 2.26 2.52,2.86 Uprun Take profit at 2.60
HSL (6238/1.65) Buy:6/7/2012 1.60 1.82 Uprun
GADANG (9261:0.59) Buy:9/7/2012 0.57 0.68 Uprun
MMCCORP (2194/2.61) Buy:9/7/2012 Sell:18/7/2012 2.55 2.80 Oversold Stop out at 2.55
KSK (5097/0.68) Buy:11/7/2012 0.64 0.88 Uprun
HIBISCS (5199/1.56) Buy:12/7/2012 1.50 1.80 Consolidation breakout
NYLEX (4944/0.59) Buy:13/7/2012 0.53 0.70,0.74 Upmove
KHEESAN (6203/0.42) Buy:13/7/2012 0.38 0.53 Upmove
SKPETRO (5218/2.21) Buy:13/7/2012 Sell:19/7/2012 2.18 2.40 Oversold Take profit at 2.44
MBFHLDG (1236/1.04) Buy:16/7/2012 1.00 1.16,1.28 Upmove
WEIDA (7111/1.26) Buy:16/7/2012 Sell:17/7/2012 1.20 1.44 Upmove Take profit at 1.44
KHSB (6246/0.48) Buy below 0.47:16/7/2012 0.44 0.58 Technical rebound
AFFIN (5185/3.60) Buy:18/7/2012 3.53 3.90,4.29 Consolidation breakout
PRESBHD (5204/1.35) Buy:18/7/2012 Sell:20/7/2012 1.30 1.50 Consolidation breakout
Stop out at 1.30
WCT (9679/2.55) Buy:18/7/2012 Sell:24/7/2012 2.50 2.74,2.95 Consolidation breakout Stop out at 2.50
MBMR (5983/4.00) Buy:19/7/2012 3.88 4.30 Upmove
L&G (3174/0.42) Buy:19/7/2012 0.40 0.49,0.54 Upmove
CIMB (1023/7.88) Buy:19/7/2012 7.70 8.20,8.40 Upmove
BGYEAR (7023/0.46) Buy:20/7/2012 0.40 0.54,0.62 Technical rebound
NOTION (0083/1.26) Buy:23/7/2012 1.22 1.37,1.39 Upmove
MKLAND (8893/0.34) Buy:23/7/2012 0.31 0.39,0.42 Upmove
TENAGA (5347/6.82) Buy:23/7/2012 6.64 7.18,7.60 Consolidation breakout
GTRONIC (7022/1.38) Buy:25/7/2012 1.23 1.63 Upmove
INGRESS (7112/1.43) Buy:25/7/2012 1.26 1.70 Upmove

Source:Jupiter Securities Research 25 July 2012

Morning Coffee - 25 July 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Fall Third Day Amid Europe Concern; amid concern Europe’s debt crisis is worsening and after United Parcel Service Inc. lowered its earnings forecast. More than three stocks fell for each rising on U.S. exchanges. The S&P 500 slipped 0.9 percent to 1,338.31, paring a loss of 1.6 percent. The benchmark measure decreased 2.8 percent in three days.

The Dow Jones Industrial Average lost 104.14 points, or 0.8 percent, to 12,617.32. Volume for exchange-listed stocks in the U.S. was 6.8 billion shares, or about in line with the three-month average.

European Stocks Slide As Germany Outlook Lowered: as Moody’s Investors Service lowered its credit outlook for Germany and a measure of manufacturing in the Richmond region of the U.S. plunged. The U.K.’s FTSE 100 Index slid 0.6
percent, while Germany’s DAX Index declined 0.5 percent. France’s CAC 40 Index dropped 0.9 percent.

Oil Rises For First Time In Three Days On Mideast, China: as clashes in Syria raised tension in the Middle East and a report indicated China’s manufacturing may contract at a slower pace in July. Crude oil for September delivery rose 36 cents to settle at $88.50 a barrel on the New York Mercantile Exchange. Prices are down 10 percent this year.

Cuscapi to see growth overseas: The solutions provider's net profit fell 71% to RM567,000 for its first quarter ended March 31, 2012 from RM2 million a year ago, dragged down by delays in uncompleted projects. Revenue fell 21% to RM12.1 million from RM15.4 million. Its subsidiary Cuscapi Philippines Inc had on Monday proposed to acquire Tills N Labels System MarketingInc (TNL) from several individuals for RM6.4 million

M’sian ports on track to meet 5% growth target for 2012: alaysian ports, which handled 4.9% more containers in the first half of this year (H12012) from a year ago, are on track to achieve their 5% growth target in container handling for the full year. This year's growth, however, is expected to be significantly
lower than the double-digit growth of 11% recorded in 2011, when container traffic at the 11 major ports in the country rose to 20.2 million TEUs (20-foot equivalent units) from 18.1 million TEUs in 2010.

SunBiz

Brahim's expands into Japan: Brahim's Food Japan (BFJ) will be the Japan branch of Brahim's Dewina Group of Companies to facilitate distribution of Brahim's products in Japan. 18 products would initially be on offer for the Japanese market.They include Brahim's Malaysian Nyonya Sauce, Brahim's Spicy Tomato Sauce, and Brahim's Chicken Curry with Potatoes.

Btimes

Axiata buys 51% stake in DMSB: through wholly-owned subsidiary company Celcom Axiata Bhd, has acquired 51% stake in Digital Milestone Sdn Bhd (DMSB). After the acquisition of 255,000 ordinary shares of RM1 each, DMSB has become a subsidiary of Axiata held via Celcom. The agreement between Celcom and German’s largest media and broadcasting fullservice provider Media Broadcast GmbH was to establish a joint-venture entity and jointly pre-bid activities and formulation of bid for the development, supply, commissioning, marketing and operation of digital television transmission infrastructure in Malaysia via a common infrastructure provider for the digital terrestrial transmission services to be rolled out under Malaysia’s national digitisation project.

BizTheStar

Source:Jupiter Securities Research 25 July 2012