MARKET ROUNDUP (Source Bloomberg)
Most U.S. Stocks Rise as Markets Reopen After Hurricane; as equity markets in the world’s largest economy reopened after Hurricane Sandy caused the longest weather-related shutdown since 1888. The S&P 500 rose less than 0.1 percent from Friday’s close to 1,412.16 at 4 p.m. in New York, after falling as much as 0.4 percent. The gauge declined 2 percent in October after four straight months of gains. The Dow Jones Industrial Average lost 10.75 points, or 0.1 percent, to 13,096.46 today. Almost three stocks rose for every two that fell on U.S. exchanges, as volume was about 6.31 billion shares, or 5.7 percent above the threemonth average. American equity markets were closed Oct. 29 and yesterday, the first consecutive shutdowns because of weather in more than a century. The decision to open U.S. markets was announced in statements by NYSE Euronext, Nasdaq OMX Group Inc. and Bats Global Markets Inc.
European Stocks Decline as ArcelorMittal, BG Group Fall; as ArcelorMittal and BG Group Plc (BG/) reported disappointing results and euro-area governments pressured Greece to increase spending cuts in return for aid. The U.K.’s FTSE 100 lost 1.2 percent, France’s CAC 40 slid 0.9 percent and Germany’s DAX slipped 0.3 percent.
Oil Trades Near Three-Day High as Refineries Resume After Sandy; after Atlantic superstorm Sandy, increasing demand for crude. Oil for December delivery was at $86.09 a barrel, down 15 cents, in electronic trading on theNew York Mercantile Exchange at 7:41 a.m. Singapore time. Prices gained 56 cents yesterday to $86.24, the highest close since Oct. 26. Futures are down 13 percent this year.
Source:Jupiter Securities Research,01 November 2012
Wednesday 31 October 2012
Stock Overview - HOVID - 1 Nov 2012
HOVID ( 7213 : 0.245 ) : Take profit
Description
Resistance : 0.25
Support : 0.23
RSI of 70
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 3/9//2012 at 0.21, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,01 November 2012
Description
Resistance : 0.25
Support : 0.23
RSI of 70
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 3/9//2012 at 0.21, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,01 November 2012
Stock Overview - PWROOT - 1 Nov 2012
PWROOT ( 7237 : 1.00 ) : Targeting 1.22/Stop loss 0.97
Description
Resistance : 1.22
Support : 0.97
RSI of 47
RSI is on the rise
STOCHASTIC
It is oversold
Comment
As the current consolidation is hovering at the 0.97 support line, it is likely to head higher to 1.22
Trading Strategy
Buy. Stop loss is at 0.97
Source:Jupiter Securities Research,01 November 2012
Description
Resistance : 1.22
Support : 0.97
RSI of 47
RSI is on the rise
STOCHASTIC
It is oversold
Comment
As the current consolidation is hovering at the 0.97 support line, it is likely to head higher to 1.22
Trading Strategy
Buy. Stop loss is at 0.97
Source:Jupiter Securities Research,01 November 2012
Stock Overview - GAMUDA - 1 Nov 2012
GAMUDA ( 5398 : 3.60 ) : Take profit
Description
Resistance : 3.64
Support : 3.50
RSI of 62
RSI is approaching overbought
STOCHASTIC
It is overbought
Comment
On the buy of 7/9//2012 at 3.41, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,01 November 2012
Description
Resistance : 3.64
Support : 3.50
RSI of 62
RSI is approaching overbought
STOCHASTIC
It is overbought
Comment
On the buy of 7/9//2012 at 3.41, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,01 November 2012
Stock Overview - ENVAIR - 1 Nov 2012
ENVAIR ( 0080 : 0.16 ) : Targeting 0.20/Stop loss 0.14
Description
Resistance : 0.20
Support : 0.14
RSI of 57
RSI is on the rise
STOCHASTIC
It is oversold
Comment
Following the Double bottom at 0.13, it is heading higher to 0.20
Trading Strategy
Buy. Stop loss is at 0.14
Source:Jupiter Securities Research,01 November 2012
Description
Resistance : 0.20
Support : 0.14
RSI of 57
RSI is on the rise
STOCHASTIC
It is oversold
Comment
Following the Double bottom at 0.13, it is heading higher to 0.20
Trading Strategy
Buy. Stop loss is at 0.14
Source:Jupiter Securities Research,01 November 2012
Daily Summary - 1 Nov 2012
YOUR MORNING COFFEE – Thursday 1/11/2012
SUMMARY
Source:Jupiter Securities Research,01 November 2012
SUMMARY
- Wall St closed 0.1% lower, after a 2 day closure due to Hurricane
- Sandy. Caution prevails ahead of this Friday’s October employment
- figure, and the US Presidential election, 6 November.
- Dow of 13,096, is on a pullback. Support is at 12,977. RSI of 35, is
- approaching oversold.
- DOLLAR INDEX is higher at 79.9. Resistance is at 80.4.
- Crude oil is higher at USD86.2. Support is at 82.0.
- Dollar yen is higher at 79.7 yen. Resistance is at 80.2.
- Euro/dollar is higher at 1.296. Support is at 1.2840.
- Gold is higher at USD1721. Support is at 1643.
- Shanghai closed higher at 2,068.
- Singapore STI closed higher at 3,041.
- Ringgit is firmer at 3.049. Downside is at 3.09.
- S’pore ringgit is lower at 2.50. Upside is at 2.540.
- Malaysian market closed lower at 1673. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 64, is on a buy divergence. Today’s range is between 1669 and 1679.
- CPO Jan futures is higher at RM2518. Support is at 2430.
- Trading : GAMUDA ( 5398 : 3.60 ) : Take profit, HOVID ( 7213 : 0.245 ) : Take profit, PWROOT ( 7237 : 1.00 ) : Targeting 1.22/Stop loss 0.97, ENVAIR ( 0080 : 0.16 ) : Targeting 0.20/Stop loss 0.14
Source:Jupiter Securities Research,01 November 2012
Tuesday 30 October 2012
Morning Coffee - 31 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
NYSE Expects Normal Open Tomorrow After Storm: U.S. equity markets will reopen tomorrow after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandyas it swept through New York yesterday. The decision was announced in statements by NYSE Euronext, Nasdaq OMX Group Inc. (NDAQ) and Bats Global Markets Inc. U.S. exchanges are in the second day of a suspension called to safeguard workers as Sandy barreled north, halting public transit and forcing evacuations in New York City. NYSE Euronext’s building on Wall Street is near areas of Manhattan that were deluged when the storm propelled a 13-foot sea surge. Arthur Levitt, the former chairman of the Securities and Exchange Commission, said the NYSE needed a better backup plan.
European Stocks Climb as BP, Deutsche Bank Top Estimates; and U.S. house prices climbed. Hurricane Sandy closed New York markets for a second day. Germany’s DAX climbed 1.1 percent, the U.K.’s FTSE 100 gained 1 percent and France’s CAC 40 rallied 1.5 percent.
Oil Trades Near Two-Day High as Refiners Plan Post-Storm Restart; after the Atlantic superstorm Sandy moved away from the U.S. East Coast and refineries started planning to resume operations. Crude for December delivery was at $85.70 a barrel, up 2 cents, in electronic trading on the New York Mercantile Exchange at 8:17 a.m. Singapore time. Prices rose 14 cents yesterday to $85.68, the highest close since Oct. 26. Futures are down 7 percent in October, the biggest decline in five months, and 13 percent this year.
Source:Jupiter Securities Research,31 October 2012
NYSE Expects Normal Open Tomorrow After Storm: U.S. equity markets will reopen tomorrow after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandyas it swept through New York yesterday. The decision was announced in statements by NYSE Euronext, Nasdaq OMX Group Inc. (NDAQ) and Bats Global Markets Inc. U.S. exchanges are in the second day of a suspension called to safeguard workers as Sandy barreled north, halting public transit and forcing evacuations in New York City. NYSE Euronext’s building on Wall Street is near areas of Manhattan that were deluged when the storm propelled a 13-foot sea surge. Arthur Levitt, the former chairman of the Securities and Exchange Commission, said the NYSE needed a better backup plan.
European Stocks Climb as BP, Deutsche Bank Top Estimates; and U.S. house prices climbed. Hurricane Sandy closed New York markets for a second day. Germany’s DAX climbed 1.1 percent, the U.K.’s FTSE 100 gained 1 percent and France’s CAC 40 rallied 1.5 percent.
Oil Trades Near Two-Day High as Refiners Plan Post-Storm Restart; after the Atlantic superstorm Sandy moved away from the U.S. East Coast and refineries started planning to resume operations. Crude for December delivery was at $85.70 a barrel, up 2 cents, in electronic trading on the New York Mercantile Exchange at 8:17 a.m. Singapore time. Prices rose 14 cents yesterday to $85.68, the highest close since Oct. 26. Futures are down 7 percent in October, the biggest decline in five months, and 13 percent this year.
Source:Jupiter Securities Research,31 October 2012
Daily Summary - 31 Oct 2012
YOUR MORNING COFFEE – Wednesday 31/10/2012
SUMMARY
Wall St closed as hurricane Sandy lashes New York, which has declared a state of emergency. Personal spending rose 0.8% in September, higher than expected. Traders remain sidelines due to lacklustre corporate results, and ahead of US Presidential election, 6 November.
Dow of 13,107, is on a pullback. Support is at 12,977. RSI of 35, is approaching oversold.
DOLLAR INDEX is lower at 79.9. Resistance is at 80.4.
Crude oil is lower at USD85.5. Support is at 82.0.
Dollar yen is higher at 79.7 yen. Resistance is at 80.2.
Euro/dollar is higher at 1.296. Support is at 1.2840.
Gold is higher at USD1711. Support is at 1643.
Shanghai closed higher at 2,062.
Singapore STI closed higher at 3,038.
Ringgit is firmer at 3.049. Downside is at 3.09.
S’pore ringgit is lower at 2.50. Upside is at 2.540.
Malaysian market closed higher at 1674. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 67, is on a buy divergence. Today’s range is between 1670 and 1678.
CPO Jan futures is lower at RM2501. Support is at 2430.
Trading :
Source:Jupiter Securities Research,31 October 2012
SUMMARY
Wall St closed as hurricane Sandy lashes New York, which has declared a state of emergency. Personal spending rose 0.8% in September, higher than expected. Traders remain sidelines due to lacklustre corporate results, and ahead of US Presidential election, 6 November.
Dow of 13,107, is on a pullback. Support is at 12,977. RSI of 35, is approaching oversold.
DOLLAR INDEX is lower at 79.9. Resistance is at 80.4.
Crude oil is lower at USD85.5. Support is at 82.0.
Dollar yen is higher at 79.7 yen. Resistance is at 80.2.
Euro/dollar is higher at 1.296. Support is at 1.2840.
Gold is higher at USD1711. Support is at 1643.
Shanghai closed higher at 2,062.
Singapore STI closed higher at 3,038.
Ringgit is firmer at 3.049. Downside is at 3.09.
S’pore ringgit is lower at 2.50. Upside is at 2.540.
Malaysian market closed higher at 1674. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 67, is on a buy divergence. Today’s range is between 1670 and 1678.
CPO Jan futures is lower at RM2501. Support is at 2430.
Trading :
Source:Jupiter Securities Research,31 October 2012
Monday 29 October 2012
Stock Overview - GPACKET - 30 Oct 2012
GPACKET ( 0082 : 0.64 ) : Take profit
Description
Resistance : 0.68
Support : 0.60
RSI of 73
RSI is in a sell divergence
STOCHASTIC
It is overbought
Comment
On the buy of 17/10//2012 at 0.54, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,30 October 2012
Description
Resistance : 0.68
Support : 0.60
RSI of 73
RSI is in a sell divergence
STOCHASTIC
It is overbought
Comment
On the buy of 17/10//2012 at 0.54, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,30 October 2012
Stock Overview - RSAWIT - 30 Oct 2012
RSAWIT ( 5113 : 0.97 ) : Take profit
Description
Resistance : 0.99
Support : 0.94
RSI of 54
RSI is neutral
STOCHASTIC
It is overbought
Comment
On the buy of 12/10//2012 at 0.93, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,30 October 2012
Description
Resistance : 0.99
Support : 0.94
RSI of 54
RSI is neutral
STOCHASTIC
It is overbought
Comment
On the buy of 12/10//2012 at 0.93, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,30 October 2012
Stock Overview - PERDANA - 30 Oct 2012
PERDANA ( 7108 : 1.00 ) : Take profit
Description
Resistance : 1.02
Support : 0.94
RSI of 82
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 11/10//2012 at 0.88, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,30 October 2012
Description
Resistance : 1.02
Support : 0.94
RSI of 82
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 11/10//2012 at 0.88, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,30 October 2012
Stock Overview - ARANK - 30 Oct 2012
ARANK ( 7214 : 0.56 ) : Take profit
Description
Resistance : 0.58
Support : 0.54
RSI of 78
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 12/10//2012 at 0.51, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,30 October 2012
Description
Resistance : 0.58
Support : 0.54
RSI of 78
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 12/10//2012 at 0.51, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,30 October 2012
Daily Summary - 30 Oct 2012
YOUR MORNING COFFEE – Tuesday 30/10/2012
SUMMARY
Source:Jupiter Securities Research,30 October 2012
SUMMARY
- Wall St closed as hurricane Sandy approaches New York, which has declared a state of emergency. Personal spending rose 0.8% in September, higher than expected. Traders remain sidelines due to lacklustre corporate results, and ahead of US Presidential election, 6 November.
- Dow of 13,107, is on a pullback. Support is at 12,977. RSI of 35, is approaching oversold.
- DOLLAR INDEX is higher at 80.2. Resistance is at 80.4.
- Crude oil is lower at USD85.5. Support is at 82.0.
- Dollar yen is higher at 79.7 yen. Resistance is at 80.2.
- Euro/dollar is lower at 1.290. Support is at 1.2840.
- Gold is lower at USD1707. Support is at 1643.
- Shanghai closed lower at 2,058.
- Singapore STI closed lower at 3,033.
- Ringgit is weaker at 3.059. Downside is at 3.09.
- S’pore ringgit is higher at 2.505. Upside is at 2.540.
- Malaysian market closed higher at 1672. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 65, is on a buy divergence. Today’s range is between 1670 and 1676.
- CPO Jan futures is lower at RM2540. Support is at 2430.
- Trading : GPACKET ( 0082 : 0.64 ) : Take profit, RSAWIT ( 5113 : 0.97 ) : Take profit, ARANK ( 7214 : 0.56 ) : Take profit, PERDANA ( 7108 : 1.00 ) : Take profit
Source:Jupiter Securities Research,30 October 2012
Sunday 28 October 2012
Stock Overview - MALTON - 29 Oct 2012
MALTON ( 6181 : 0.54 ) : Targeting 0.60/Stop loss 0.52
Description
Resistance : 0.60 0.65
Support : 0.52
RSI of 54
RSI is on the rise
STOCHASTIC
It is oversold
Comment
The current recovery is heading for 0.60
Trading Strategy
Buy. Stop loss is at 0.52
Source:Jupiter Securities Research,29 October 2012
Description
Resistance : 0.60 0.65
Support : 0.52
RSI of 54
RSI is on the rise
STOCHASTIC
It is oversold
Comment
The current recovery is heading for 0.60
Trading Strategy
Buy. Stop loss is at 0.52
Source:Jupiter Securities Research,29 October 2012
Stock Overview - MRCB - 29 Oct 2012
MRCB ( 1651 : 1.74 ) : Take profit
Description
Resistance : 1.85
Support : 1.70
RSI of 68
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 20/9/2012 at 1.66, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,29 October 2012
Description
Resistance : 1.85
Support : 1.70
RSI of 68
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 20/9/2012 at 1.66, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research,29 October 2012
Stock Overview - JAKS 29 Oct 2012
JAKS ( 4723 : 0.38 ) : Targeting 0.44/Stop loss 0.36
Description
Resistance : 0.44
Support : 0.36
RSI of 41
RSI is on the rise
STOCHASTIC
It is oversold
Comment
The current recovery is heading for 0.44
Trading Strategy
Buy. Stop loss is at 0.36
Source:Jupiter Securities Research,29 October 2012
Description
Resistance : 0.44
Support : 0.36
RSI of 41
RSI is on the rise
STOCHASTIC
It is oversold
Comment
The current recovery is heading for 0.44
Trading Strategy
Buy. Stop loss is at 0.36
Source:Jupiter Securities Research,29 October 2012
Daily Summary - 29 Oct 2012
YOUR MORNING COFFEE – Monday 29/10/2012
SUMMARY
Wall St closed 0.03% higher, as traders remained sidelines due to lacklustre corporate results, and ahead of US Presidential election. Economic data were better than expected. Weekly initial jobless claims dipped to 369,000. US 3Q’2012 GDP growth of 2%, was better than the estimate 1.7%.
Dow of 13,107, is on a pullback. Support is at 12,977. RSI of 35, is approaching oversold.
DOLLAR INDEX is higher at 80.1. Resistance is at 80.4.
Crude oil is higher at USD86.3. Support is at 82.0.
Dollar yen is lower at 79.6 yen. Resistance is at 80.2.
Euro/dollar is lower at 1.293. Support is at 1.2840.
Gold is higher at USD1715. Support is at 1643.
Shanghai closed lower at 2,066.
Singapore STI closed higher at 3,057.
Ringgit is firmer at 3.045. Downside is at 3.09.
S’pore ringgit is lower at 2.491. Upside is at 2.540.
Malaysian market closed higher at 1671. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 65, is on a buy divergence. Today’s range is between 1667 and 1677.
CPO Jan futures is higher at RM2603. Support is at 2316.
Trading : MRCB ( 1651 : 1.74 ) : Take profit, MALTON ( 6181 : 0.54 ) : Targeting 0.60/Stop loss 0.52, JAKS ( 4723 : 0.37 ) : Targeting 0.44/Stop loss 0.36
Source:Jupiter Securities Research,29 October 2012
SUMMARY
Wall St closed 0.03% higher, as traders remained sidelines due to lacklustre corporate results, and ahead of US Presidential election. Economic data were better than expected. Weekly initial jobless claims dipped to 369,000. US 3Q’2012 GDP growth of 2%, was better than the estimate 1.7%.
Dow of 13,107, is on a pullback. Support is at 12,977. RSI of 35, is approaching oversold.
DOLLAR INDEX is higher at 80.1. Resistance is at 80.4.
Crude oil is higher at USD86.3. Support is at 82.0.
Dollar yen is lower at 79.6 yen. Resistance is at 80.2.
Euro/dollar is lower at 1.293. Support is at 1.2840.
Gold is higher at USD1715. Support is at 1643.
Shanghai closed lower at 2,066.
Singapore STI closed higher at 3,057.
Ringgit is firmer at 3.045. Downside is at 3.09.
S’pore ringgit is lower at 2.491. Upside is at 2.540.
Malaysian market closed higher at 1671. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 65, is on a buy divergence. Today’s range is between 1667 and 1677.
CPO Jan futures is higher at RM2603. Support is at 2316.
Trading : MRCB ( 1651 : 1.74 ) : Take profit, MALTON ( 6181 : 0.54 ) : Targeting 0.60/Stop loss 0.52, JAKS ( 4723 : 0.37 ) : Targeting 0.44/Stop loss 0.36
Source:Jupiter Securities Research,29 October 2012
Thursday 25 October 2012
Morning Coffee - 25 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Fall to Seven-Week Low as Fed Offsets Economy; as the Federal Reserve’s call for moderate growth offset signs of improvement in Chinese factory output and America’s housing market. The S&P 500 declined 0.3 percent to 1,408.75 at 4 p.m. New York time, dropping 1.8 percent in two days. The Dow Jones Industrial Average lost 25.19 points, or 0.2 percent, to 13,077.34. Volume for exchange-listed stocks in the U.S. was 6.1 billion shares, or about in line with the three-month average.
European Stocks Climb on SAP Revenue Forecast; as technology companies rallied, outweighing worsening economic data from the euro area. France’s CAC 40 advanced 0.6 percent, Germany’s DAX rose 0.3 percent and the U.K.’s FTSE 100 added 0.1 percent.
Oil Falls for Fifth Day as Inventories Increase; as U.S. inventories rose more than expected and fuel demand dropped. Crude for December delivery was at $85.74 a barrel, up 1 cent, in electronic trading on the New York Mercantile Exchange at 6:54 a.m. in Singapore. It settled yesterday at $85.73, the lowest since July 10. The five-day loss was the longest since May 18. Prices are down 13 percent this year.
Source:Jupiter Securities Research, 25 October 2012
U.S. Stocks Fall to Seven-Week Low as Fed Offsets Economy; as the Federal Reserve’s call for moderate growth offset signs of improvement in Chinese factory output and America’s housing market. The S&P 500 declined 0.3 percent to 1,408.75 at 4 p.m. New York time, dropping 1.8 percent in two days. The Dow Jones Industrial Average lost 25.19 points, or 0.2 percent, to 13,077.34. Volume for exchange-listed stocks in the U.S. was 6.1 billion shares, or about in line with the three-month average.
European Stocks Climb on SAP Revenue Forecast; as technology companies rallied, outweighing worsening economic data from the euro area. France’s CAC 40 advanced 0.6 percent, Germany’s DAX rose 0.3 percent and the U.K.’s FTSE 100 added 0.1 percent.
Oil Falls for Fifth Day as Inventories Increase; as U.S. inventories rose more than expected and fuel demand dropped. Crude for December delivery was at $85.74 a barrel, up 1 cent, in electronic trading on the New York Mercantile Exchange at 6:54 a.m. in Singapore. It settled yesterday at $85.73, the lowest since July 10. The five-day loss was the longest since May 18. Prices are down 13 percent this year.
Source:Jupiter Securities Research, 25 October 2012
Stock Overview - UEMLAND - 25 Oct 2012
UEMLAND ( 5148 : 2.15 ) : Take profit
Description
Resistance : 2.17
Support : 1.96
RSI of 78
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 2/10/2012 at 1.71, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 25 October 2012
Description
Resistance : 2.17
Support : 1.96
RSI of 78
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 2/10/2012 at 1.71, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 25 October 2012
Stock Overview - TEBRAU - 25 Oct 2012
TEBRAU ( 1589 : 0.71 ) : Targeting 0.80/Stop loss 0.67
Description
Resistance : 0.80
Support : 0.67
RSI of 63
RSI is on a rebound
STOCHASTIC
It is oversold
Comment
Following the consolidation breakout, it is heading for 0.80
Trading Strategy
Buy. Stop loss is at 0.67
Source:Jupiter Securities Research, 25 October 2012
Description
Resistance : 0.80
Support : 0.67
RSI of 63
RSI is on a rebound
STOCHASTIC
It is oversold
Comment
Following the consolidation breakout, it is heading for 0.80
Trading Strategy
Buy. Stop loss is at 0.67
Source:Jupiter Securities Research, 25 October 2012
Stock Overview - KUB - 25 Oct 2012
KUB ( 6874 : 0.50 ) : Targeting 0.57/Stop loss 0.48
Description
Resistance : 0.57
Support : 0.48
RSI of 59
RSI is on a rebound
STOCHASTIC
It is oversold
Comment
Following the consolidation breakout, it is heading for 0.57
Trading Strategy
Buy. Stop loss is at 0.48
Source:Jupiter Securities Research, 25 October 2012
Description
Resistance : 0.57
Support : 0.48
RSI of 59
RSI is on a rebound
STOCHASTIC
It is oversold
Comment
Following the consolidation breakout, it is heading for 0.57
Trading Strategy
Buy. Stop loss is at 0.48
Source:Jupiter Securities Research, 25 October 2012
Daily Summary - 25 Oct 2012
YOUR MORNING COFFEE – Thursday 25/10/2012
SUMMARY
SUMMARY
- Wall St closed 0.2% lower, as traders remained sideline. US FOMC was as expected, with no change in policy. New home sales rose 5.7% to a 2 year high.
- Dow of 13,077, is on a pullback. Support is at 12,977. RSI of 33, is approaching oversold.
- DOLLAR INDEX is higher at 79.9. Resistance is at 80.4.
- Crude oil is lower at USD85.3. Support is at 82.0.
- Dollar yen is higher at 79.9 yen. Resistance is at 80.2.
- Euro/dollar is lower at 1.297. Resistance is at 1.3400.
- Gold is lower at USD1707. Support is at 1643.
- Shanghai closed higher at 2,115.
- Singapore STI closed lower at 3,048.
- Ringgit is firmer at 3.054. Downside is at 3.09.
- S’pore ringgit is lower at 2.500. Upside is at 2.540.
- Malaysian market closed higher at 1667. On the Daily chart, it is
- targeting 1710 over a longer term. Support is at 1660. RSI of 64, is on
- a buy divergence. Today’s range is between 1664 and 1674.
- CPO Jan futures is higher at RM2564. Support is at 2316.
- Trading : UEMLAND ( 5148 : 2.15 ) : Take profit, TEBRAU ( 1589 : 0.71 ) : Targeting 0.80/Stop loss 0.67, KUB ( 6874 : 0.50 ) : Targeting 0.57/Stop loss 0.48
Tuesday 23 October 2012
MARKET ROUNDUP (Source Bloomberg)
Dow Drops Most Since June Amid Disappointing Earnings; amid disappointing results at companies from 3M Co. to DuPont (DD) Co. and as commodities erased their gain for the year. The Standard & Poor’s 500 Index decreased 1.4 percent to 1,413.11 at 4 p.m. New York time, the lowest level since Sept. 5. The Dow slumped 243.36 points, or 1.8 percent, to 13,102.53. Volume for exchange-listed stocks in the U.S. was6.6 billion shares, or 9.1 percent above the three-month average.
European Stocks Decline to Seven-Week Low on Results; as results from companies including Alfa Laval AB and D.E Master Blenders (DE) 1753 NV disappointed investors. France’s CAC 40 Index sank 2.2 percent, Germany’s DAX lost 2.1 percent and the U.K.’s FTSE 100 Index slid 1.4 percent.
Oil Near Three-Month Low on Speculation U.S. Stockpiles Rose; amid surging U.S. production. Crude for December delivery was unchanged at $86.67 a barrel in electronic trading on the New York Mercantile Exchange at 8:38 a.m. in Tokyo. The contract fell $2.06 yesterday to its lowest close since July 10 and is down 12 percent this year.
Source:Jupiter Securities Research, 24 October 2012
Dow Drops Most Since June Amid Disappointing Earnings; amid disappointing results at companies from 3M Co. to DuPont (DD) Co. and as commodities erased their gain for the year. The Standard & Poor’s 500 Index decreased 1.4 percent to 1,413.11 at 4 p.m. New York time, the lowest level since Sept. 5. The Dow slumped 243.36 points, or 1.8 percent, to 13,102.53. Volume for exchange-listed stocks in the U.S. was6.6 billion shares, or 9.1 percent above the three-month average.
European Stocks Decline to Seven-Week Low on Results; as results from companies including Alfa Laval AB and D.E Master Blenders (DE) 1753 NV disappointed investors. France’s CAC 40 Index sank 2.2 percent, Germany’s DAX lost 2.1 percent and the U.K.’s FTSE 100 Index slid 1.4 percent.
Oil Near Three-Month Low on Speculation U.S. Stockpiles Rose; amid surging U.S. production. Crude for December delivery was unchanged at $86.67 a barrel in electronic trading on the New York Mercantile Exchange at 8:38 a.m. in Tokyo. The contract fell $2.06 yesterday to its lowest close since July 10 and is down 12 percent this year.
Source:Jupiter Securities Research, 24 October 2012
Stock Overview - PELIKAN - 24 Oct 2012
PELIKAN ( 5231 : 0.74 ) : Targeting 0.84/Stop loss 0.72
Description
Resistance : 0.84
Support : 0.72
RSI of 44
RSI is recovering
STOCHASTIC
It is oversold
Comment
The current upkick is heading for 0.84
Trading Strategy
Buy. Stop loss is at 0.72
Source:Jupiter Securities Research, 24 October 2012
Description
Resistance : 0.84
Support : 0.72
RSI of 44
RSI is recovering
STOCHASTIC
It is oversold
Comment
The current upkick is heading for 0.84
Trading Strategy
Buy. Stop loss is at 0.72
Source:Jupiter Securities Research, 24 October 2012
Stock Overview - TM - 24 Oct 2012
TM ( 4863 : 6.07 ) : Targeting 6.40/Stop loss 5.97
Description
Resistance : 6.40
Support : 5.97
RSI of 44
RSI is recovering
STOCHASTIC
It is oversold
Comment
The current upkick is heading for 6.40
Trading Strategy
Buy. Stop loss is at 5.97
Source:Jupiter Securities Research, 24 October 2012
Description
Resistance : 6.40
Support : 5.97
RSI of 44
RSI is recovering
STOCHASTIC
It is oversold
Comment
The current upkick is heading for 6.40
Trading Strategy
Buy. Stop loss is at 5.97
Source:Jupiter Securities Research, 24 October 2012
Stock Overview - KIMLUN - 24 Oct 2012
KIMLUN ( 5171 : 1.40 ) : Take profit
Description
Resistance : 1.46
Support : 1.30
RSI of 61
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 5/10/2012 at 1.32, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 24 October 2012
Description
Resistance : 1.46
Support : 1.30
RSI of 61
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 5/10/2012 at 1.32, we are recommending to take profit as it is overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 24 October 2012
Daily Summary - 24 Oct 2012
YOUR MORNING COFFEE – Wednesday 24/10/2012
SUMMARY
Source:Jupiter Securities Research, 24 October 2012
SUMMARY
- Wall St closed 1.8% lower, due to disappointing corporate earnings, and ahead of this week’s FOMC, which is likely to be a non event.
- Focus is on the following FOMC in December, which may provide direction on US Fed’s measures.
- Dow of 13,102, is on a pullback. Support is at 12,977. RSI of 34, is weakening.
- DOLLAR INDEX is higher at 79.9. Resistance is at 80.4.
- Crude oil is lower at USD86.3. Support is at 82.0.
- Dollar yen is higher at 79.9 yen. Resistance is at 80.2.
- Euro/dollar is lower at 1.297. Resistance is at 1.3400.
- Gold is lower at USD1710. Support is at 1643.
- Shanghai closed lower at 2,114.
- Singapore STI closed higher at 3,052.
- Ringgit is weaker at 3.067. Downside is at 3.09.
- S’pore ringgit is higher at 2504. Upside is at 2.540.
- Malaysian market closed higher at 1664. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 61, is on a buy divergence. Today’s range is between 1660 and 1670.
- CPO Jan futures is lower at RM2546. Support is at 2316.
- Trading : KIMLUN ( 5171 : 1.40 ) : Take profit, PELIKAN ( 5231 : 0.74 ) : Targeting 0.84/Stop loss 0.72, TM ( 4863 : 6.07 ) : Targeting 6.40/Stop loss 5.97
Source:Jupiter Securities Research, 24 October 2012
Monday 22 October 2012
Morning Coffee - 23 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Erase Losses as Apple Offsets Earnings; as an advance in Apple (AAPL) Inc. shares overshadowed disappointing corporate results. The S&P 500 rose less than 0.1 percent to 1,433.81 at 4 p.m. New York time, after falling 0.8 percent earlier. The Dow Jones Industrial Average added 2.38 points, or less than 0.1 percent, to 13,345.89. The Nasdaq-100 Index rose 0.6 percent to 2,694.56. Volume for exchange-listed stocks in the U.S. was 5.8 billion shares, or 3.4 percent below the three-month average.
European Stocks Drop for Second Day; Veolia, Nexans Fall; as Japanese exports tumbled and investors speculated that victory in regional elections for Spain’s Prime Minister Mariano Rajoy reduces pressure for him to seek a bailout. The U.K.’s FTSE 100 (UKX) slipped 0.2 percent and France’s CAC 40 lost 0.6 percent. Germany’s DAX dropped 0.7 percent. Greece’s ASE surged 2.7 percent.
Oil Rebounds From Lowest in Two Weeks; Keystone Supply Curtailed; amid signs that yesterday’s slide to the lowest level in more than two weeks was excessive. TransCanada Corp. (TRP) won’t resume full deliveries on the Keystone pipeline until next month after restarting flows yesterday. Crude for December delivery rose as much as 64 cents to $89.29 a barrel in electronic trading on the New York Mercantile Exchange and was at $89.28 at 8:32 a.m. in Tokyo. The November contract fell 1.5 percent yesterday to $88.73, the lowest close since Oct. 3.
Source:Jupiter Securities Research, 23 October 2012
U.S. Stocks Erase Losses as Apple Offsets Earnings; as an advance in Apple (AAPL) Inc. shares overshadowed disappointing corporate results. The S&P 500 rose less than 0.1 percent to 1,433.81 at 4 p.m. New York time, after falling 0.8 percent earlier. The Dow Jones Industrial Average added 2.38 points, or less than 0.1 percent, to 13,345.89. The Nasdaq-100 Index rose 0.6 percent to 2,694.56. Volume for exchange-listed stocks in the U.S. was 5.8 billion shares, or 3.4 percent below the three-month average.
European Stocks Drop for Second Day; Veolia, Nexans Fall; as Japanese exports tumbled and investors speculated that victory in regional elections for Spain’s Prime Minister Mariano Rajoy reduces pressure for him to seek a bailout. The U.K.’s FTSE 100 (UKX) slipped 0.2 percent and France’s CAC 40 lost 0.6 percent. Germany’s DAX dropped 0.7 percent. Greece’s ASE surged 2.7 percent.
Oil Rebounds From Lowest in Two Weeks; Keystone Supply Curtailed; amid signs that yesterday’s slide to the lowest level in more than two weeks was excessive. TransCanada Corp. (TRP) won’t resume full deliveries on the Keystone pipeline until next month after restarting flows yesterday. Crude for December delivery rose as much as 64 cents to $89.29 a barrel in electronic trading on the New York Mercantile Exchange and was at $89.28 at 8:32 a.m. in Tokyo. The November contract fell 1.5 percent yesterday to $88.73, the lowest close since Oct. 3.
Source:Jupiter Securities Research, 23 October 2012
Stock Overview - ORNA - 23 Oct 2012
ORNA ( 5065 : 0.75 ) : Targeting 0.86/Stop loss 0.71
Description
Resistance : 0.86
Support : 0.71
RSI of 81
RSI is overbought
STOCHASTIC
It is overbought
Comment
The current upmove is heading for 0.86. A tight stop loss should be placed at 0.71
Trading Strategy
Buy. Tight stop loss is at 0.71
Source:Jupiter Securities Research, 23 October 2012
Description
Resistance : 0.86
Support : 0.71
RSI of 81
RSI is overbought
STOCHASTIC
It is overbought
Comment
The current upmove is heading for 0.86. A tight stop loss should be placed at 0.71
Trading Strategy
Buy. Tight stop loss is at 0.71
Source:Jupiter Securities Research, 23 October 2012
Stock Overview - MEGB - 23 Oct 2012
MEGB ( 5166 : 0.73 ) : Take profit
Description
Resistance : 0.75
Support : 0.68
RSI of 72
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 3/10/2012 at 0.61, we are recommending to take profit as the upside is limited
Trading Strategy
Take profit
Source:Jupiter Securities Research, 23 October 2012
Description
Resistance : 0.75
Support : 0.68
RSI of 72
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 3/10/2012 at 0.61, we are recommending to take profit as the upside is limited
Trading Strategy
Take profit
Source:Jupiter Securities Research, 23 October 2012
Stock Overview - FABER - 23 Oct 2012
FABER ( 1368 : 1.49 ) : Take profit
Description
Resistance : 1.52
Support : 1.42
RSI of 66
RSI is approaching overbought
STOCHASTIC
It is overbought
Comment
On the buy of 10/10/2012 at 1.36, we are recommending to take profit as the upside is limited
Trading Strategy
Take profit
Source:Jupiter Securities Research, 23 October 2012
Description
Resistance : 1.52
Support : 1.42
RSI of 66
RSI is approaching overbought
STOCHASTIC
It is overbought
Comment
On the buy of 10/10/2012 at 1.36, we are recommending to take profit as the upside is limited
Trading Strategy
Take profit
Source:Jupiter Securities Research, 23 October 2012
Daily Summary - 23 Oct 2012
YOUR MORNING COFFEE – Tuesday 23/10/2012
SUMMARY
Source:Jupiter Securities Research, 23 October 2012
SUMMARY
- Wall St closed 0.02% higher, on bargain hunting. Market is likely to remain neutral ahead of this week’s FOMC, which is likely to be a non event. Focus is on the following FOMC in December, which may provide direction on US Fed’s measures.
- Dow of 13,345, has completed its pullback at the 61.8% retracement
- level of 13,235. Upside is at 13,500. RSI of 44, is on a divergence.
- DOLLAR INDEX is lower at 79.5. Resistance is at 80.2.
- Crude oil is lower at USD88.7. Support is at 88.0.
- Dollar yen is higher at 79.9 yen. Resistance is at 80.2.
- Euro/dollar is higher at 1.306. Resistance is at 1.3400.
- Gold is higher at USD1728. Support is at 1700.
- Shanghai closed higher at 2,132.
- Singapore STI closed lower at 3,047.
- Ringgit is firmer at 3.0480. Downside is at 3.09.
- S’pore ringgit is lower at 2.496. Upside is at 2.540.
- Malaysian market closed lower at 1661. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 61, is on a buy divergence. Today’s range is between 1660 and 1670.
- CPO Jan futures is higher at RM2511. Support is at 2316.
- Trading : FABER ( 1368 : 1.49 ) : Take profit, MEGB ( 5166 : 0.73 ) : Take profit, ORNA ( 5065 : 0.75 ) : Targeting 0.86/Stop loss 0.71,
Source:Jupiter Securities Research, 23 October 2012
Sunday 21 October 2012
Morning Coffee - 22 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
S&P 500 Weekly Gain Trimmed as Tech Slump Tempers Economy; as better-than- stimated economic data triggered a threeday rally, before gains were trimmed in the final two sessions amid worse- than-forecast results at Google Inc. and Microsoft Corp.(MSFT). The Standard & Poor’s 500 Index ended the week with a two- day slump as Google and Microsoft sank at least 1.9 percent. Commodity and financial companies climbed the most among 10 S&P 500 (SPX) groups as Citigroup Inc. (C) posted a surprise profit and Murphy Oil Corp. said it will spin off its U.S. refined fuels business. PulteGroup Inc. (PHM) surged 15 percent, driving homebuilders to the biggest advance since June, after new-home construction jumped to a four-year high.The S&P 500 added 0.3 percent to 1,433.19 for the week, trimming a three-day gain of 2.3 percent. The Dow Jones Industrial Average climbed 14.66 points, or 0.1 percent, to 13,343.51. The gauges are up 14 percent and 9.2 percent, respectively, for the year.
European Stocks Rise This Week on U.S. Economic Reports; as Moody’s Investors Service reiterated its investment-grade debt rating on Spain following a review and U.S. reports on retail sales, manufacturing and house building beat estimates. Germany’s DAX advanced 2 percent, while the U.K.’s FTSE 100 added 1.8 percent. France’s CAC 40.
Oil Slides a Third Day Amid Demand Concern; Pipe Start Delayed- amid signs of weakening demand in the U.S., the biggest crude user. TransCanada Corp. (TRP) planned to start its Keystone pipeline today after a second delay. Crude for November delivery fell as much as 56 cents to $89.49 a barrel, the lowest since Oct. 9, and was at $89.54 in electronic trading on the New York Mercantile Exchange at 8:56 a.m. in Tokyo, capping the longest losing streak since Sept. 26. The contract expires today.
Source:Jupiter Securities Research, 22 October 2012
S&P 500 Weekly Gain Trimmed as Tech Slump Tempers Economy; as better-than- stimated economic data triggered a threeday rally, before gains were trimmed in the final two sessions amid worse- than-forecast results at Google Inc. and Microsoft Corp.(MSFT). The Standard & Poor’s 500 Index ended the week with a two- day slump as Google and Microsoft sank at least 1.9 percent. Commodity and financial companies climbed the most among 10 S&P 500 (SPX) groups as Citigroup Inc. (C) posted a surprise profit and Murphy Oil Corp. said it will spin off its U.S. refined fuels business. PulteGroup Inc. (PHM) surged 15 percent, driving homebuilders to the biggest advance since June, after new-home construction jumped to a four-year high.The S&P 500 added 0.3 percent to 1,433.19 for the week, trimming a three-day gain of 2.3 percent. The Dow Jones Industrial Average climbed 14.66 points, or 0.1 percent, to 13,343.51. The gauges are up 14 percent and 9.2 percent, respectively, for the year.
European Stocks Rise This Week on U.S. Economic Reports; as Moody’s Investors Service reiterated its investment-grade debt rating on Spain following a review and U.S. reports on retail sales, manufacturing and house building beat estimates. Germany’s DAX advanced 2 percent, while the U.K.’s FTSE 100 added 1.8 percent. France’s CAC 40.
Oil Slides a Third Day Amid Demand Concern; Pipe Start Delayed- amid signs of weakening demand in the U.S., the biggest crude user. TransCanada Corp. (TRP) planned to start its Keystone pipeline today after a second delay. Crude for November delivery fell as much as 56 cents to $89.49 a barrel, the lowest since Oct. 9, and was at $89.54 in electronic trading on the New York Mercantile Exchange at 8:56 a.m. in Tokyo, capping the longest losing streak since Sept. 26. The contract expires today.
Source:Jupiter Securities Research, 22 October 2012
Stock Overview - WTK - 22 Oct 2012
WTK ( 4243 : 1.10 ) : Take profit
Description
Resistance : 1.13
Support : 1.02
RSI of 66
RSI is approaching overbought
STOCHASTIC
It is approaching overbought
Comment
On the buy of 13/9/2012 at 1.03, we are recommending to take profit as the upside is limited
Trading Strategy
Take profit
Source:Jupiter Securities Research, 22 October 2012
Description
Resistance : 1.13
Support : 1.02
RSI of 66
RSI is approaching overbought
STOCHASTIC
It is approaching overbought
Comment
On the buy of 13/9/2012 at 1.03, we are recommending to take profit as the upside is limited
Trading Strategy
Take profit
Source:Jupiter Securities Research, 22 October 2012
Stock Overview - MINHO - 22 Oct 2012
MINHO ( 5576 : 0.59 ) : Targeting 0.66/Stop loss 0.57
Description
Resistance : 0.66
Support : 0.57
RSI of 63
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The consolidation breakout is targeting 0.66
Trading Strategy
Buy. Stop loss is at 0.57
Source:Jupiter Securities Research, 22 October 2012
Description
Resistance : 0.66
Support : 0.57
RSI of 63
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The consolidation breakout is targeting 0.66
Trading Strategy
Buy. Stop loss is at 0.57
Source:Jupiter Securities Research, 22 October 2012
Stock Overview - PERISAI - 22 Oct 2012
PERISAI ( 0047 : 1.05 ) : Targeting 1.23/Stop loss 1.00
Description
Resistance : 1.23
Support : 1.00
RSI of 63
RSI is neutral
STOCHASTIC
It is on an upswing
Comment
The current upmove is heading for 1.23
Trading Strategy
Buy. Stop loss is at 1.00
Source:Jupiter Securities Research, 22 October 2012
Description
Resistance : 1.23
Support : 1.00
RSI of 63
RSI is neutral
STOCHASTIC
It is on an upswing
Comment
The current upmove is heading for 1.23
Trading Strategy
Buy. Stop loss is at 1.00
Source:Jupiter Securities Research, 22 October 2012
Stock Overview - AIRASIA - 22 Oct 2012
AIRASIA ( 5099 : 3.17 ) : Take profit
Description
Resistance : 3.20
Support : 3.09
RSI of 56
RSI is on the rise
STOCHASTIC
It is overbought
Comment
On the buy of 14/9/2012 at 2.93, we are recommending to take profit as the upside is limited
Trading Strategy
Take profit
Source:Jupiter Securities Research, 22 October 2012
Description
Resistance : 3.20
Support : 3.09
RSI of 56
RSI is on the rise
STOCHASTIC
It is overbought
Comment
On the buy of 14/9/2012 at 2.93, we are recommending to take profit as the upside is limited
Trading Strategy
Take profit
Source:Jupiter Securities Research, 22 October 2012
Daily Summary - 22 Oct 2012
YOUR MORNING COFFEE – Monday 22/10/2012
SUMMARY
- Wall St closed 1.5% lower, weighted by a slew of weak earnings reports. Existing home sales up 11% from a year earlier, better than expected.
- Dow of 13,343, is on a small pullback. Support is at 13,253. RSI of 44,
- is weakening.
- DOLLAR INDEX is higher at 79.6. Resistance is at 80.2.
- Crude oil is lower at USD90.0. Support is at 88.0.
- Dollar yen is higher at 79.3 yen. Support is at 77.6.
- Euro/dollar is lower at 1.302. Resistance is at 1.3400.
- Gold is lower at USD1718. Support is at 1700.
- Shanghai closed lower at 2,128.
- Singapore STI closed lower at 3,052.
- Ringgit is weaker at 3.0570. Downside is at 3.09.
- S’pore ringgit is higher at 2.4993. Upside is at 2.540.
- Malaysian market closed higher at 1666. On the Daily chart, it is
- targeting 1710 over a longer term. Support is at 1660. RSI of 65, is on a buy divergence. Today’s range is between 1662 and 1672.
- CPO Jan futures is higher at RM2511. Support is at 2316.
- Trading : AIRASIA ( 5099 : 3.17 ) : Take profit, WTK ( 4243 : 1.10 ) : Take profit, MINHO ( 5576 : 0.59 ) : Targeting 0.66/Stop loss 0.57, PERISAI ( 0047 : 1.05 ) : Targeting 1.23/Stop loss 1.00
Stock Overview - DIGI - 19 Oct 2012
DIGI ( 6947 : 5.48 ) : Targeting 5.90/Stop loss 5.40
Description
Resistance : 5.90
Support : 5.40
RSI of 77
RSI is overbought
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 5.90. A tight stop loss should be placed at 5.40
Trading Strategy
Buy. Stop loss is at 5.40
Source:Jupiter Securities Research, 19 October 2012
Description
Resistance : 5.90
Support : 5.40
RSI of 77
RSI is overbought
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 5.90. A tight stop loss should be placed at 5.40
Trading Strategy
Buy. Stop loss is at 5.40
Source:Jupiter Securities Research, 19 October 2012
Morning Coffee - 19 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Fall as Google Results Pull Down Tech Shares; as Google Inc. pulled down technology shares after reporting thirdquarter
profit and sales that missed estimates. The S&P 500 fell 0.2 percent to 1,457.34 at 4 p.m. in New York. The index gained as
much as 0.2 percent earlier as a rise in jobless claims was offset by better-than-estimated data on leading indicators and
Philadelphia manufacturing. The Dow Jones Industrial Average slid 8.06 points, or 0.1 percent, to 13,548.94 today. The Nasdaq-
100 Index tumbled 1.1 percent to 2,744.17. About 6.9 billion shares traded hands on U.S. exchanges, 14 percent above the threemonth
average.
European Stocks Rise for a Fourth Day as EU Leaders Meet; as a measure of U.S. manufacturing beat estimates, while
investors awaited the outcome of a two-day summit of the European Union’s leaders. France’s CAC 40 gained 0.2 percent and the
U.K.’s FTSE 100 added 0.1 percent. Germany’s DAX climbed 0.6 percent.
Oil Heads for Weekly Gain; TransCanada Shuts Keystone Pipeline- that transports oil from Canada to the midcontinent. Crude
for November delivery was at $92.11 a barrel, up 1 cent, in electronic trading on the New York Mercantile Exchange at 9:09 a.m. in
Tokyo. Prices are up 0.3 percent this week and down 6.8 percent this year. Futures prices in New York have changed less than 25
cents in each of the past five trading days, the longest streak of moves that small in more than a decade.
Source:Jupiter Securities Research, 19 October 2012
U.S. Stocks Fall as Google Results Pull Down Tech Shares; as Google Inc. pulled down technology shares after reporting thirdquarter
profit and sales that missed estimates. The S&P 500 fell 0.2 percent to 1,457.34 at 4 p.m. in New York. The index gained as
much as 0.2 percent earlier as a rise in jobless claims was offset by better-than-estimated data on leading indicators and
Philadelphia manufacturing. The Dow Jones Industrial Average slid 8.06 points, or 0.1 percent, to 13,548.94 today. The Nasdaq-
100 Index tumbled 1.1 percent to 2,744.17. About 6.9 billion shares traded hands on U.S. exchanges, 14 percent above the threemonth
average.
European Stocks Rise for a Fourth Day as EU Leaders Meet; as a measure of U.S. manufacturing beat estimates, while
investors awaited the outcome of a two-day summit of the European Union’s leaders. France’s CAC 40 gained 0.2 percent and the
U.K.’s FTSE 100 added 0.1 percent. Germany’s DAX climbed 0.6 percent.
Oil Heads for Weekly Gain; TransCanada Shuts Keystone Pipeline- that transports oil from Canada to the midcontinent. Crude
for November delivery was at $92.11 a barrel, up 1 cent, in electronic trading on the New York Mercantile Exchange at 9:09 a.m. in
Tokyo. Prices are up 0.3 percent this week and down 6.8 percent this year. Futures prices in New York have changed less than 25
cents in each of the past five trading days, the longest streak of moves that small in more than a decade.
Source:Jupiter Securities Research, 19 October 2012
Stock Overview - DIGI - 19 Oct 2012
HARVEST ( 9342 : 0.38 ) : Targeting 0.46/Stop loss 0.35
Description
Resistance : 0.46
Support : 0.35
RSI of 56
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 0.46
Trading Strategy
Buy. Stop loss is at 0.35
Source:Jupiter Securities Research, 19 October 2012
Description
Resistance : 0.46
Support : 0.35
RSI of 56
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 0.46
Trading Strategy
Buy. Stop loss is at 0.35
Source:Jupiter Securities Research, 19 October 2012
Stock Overview - DIGISTA - 19 Oct 2012
DIGISTA ( 0029 : 0.40 ) : Targeting 0.51/Stop loss 0.37
Description
Resistance : 0.51
Support : 0.37
RSI of 62
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 0.51
Trading Strategy
Buy. Stop loss is at 0.37
Source:Jupiter Securities Research, 19 October 2012
Description
Resistance : 0.51
Support : 0.37
RSI of 62
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 0.51
Trading Strategy
Buy. Stop loss is at 0.37
Source:Jupiter Securities Research, 19 October 2012
Daily Summary - 19 Oct 2012
YOUR MORNING COFFEE – Friday 19/10/2012
SUMMARY
Source:Jupiter Securities Research, 19 October 2012
SUMMARY
- Wall St closed 0.06% lower, on weaker job data, and Google earnings. Weekly initial jobless claims rose to 388,000.
- Dow of 13,548, may have completed its pullback, and is heading
- upwards to test 14,000. RSI of 57, is on the rise.
- DOLLAR INDEX is higher at 79.3. Support is at 78.7.
- Crude oil is higher at USD92.1. Resistance is at 96.6.
- Dollar yen is higher at 79.3 yen. Support is at 77.6.
- Euro/dollar is lower at 1.307. Resistance is at 1.3400.
- Gold is lower at USD1742. Support is at 1700.
- Shanghai closed higher at 2,131.
- Singapore STI closed higher at 3,057.
- Ringgit is weaker at 3.0470. Downside is at 3.09.
- S’pore ringgit is higher at 2.4990. Upside is at 2.540.
- Malaysian market closed higher at 1665. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1660. RSI of 63, is on a buy divergence. Today’s range is between 1662 and 1672.
- CPO Jan futures is higher at RM2482. Support is at 2316.
- Trading : DIGISTA ( 0029 : 0.40 ) : Targeting 0.51/Stop loss 0.37, HARVEST ( 9342 : 0.38 ) : Targeting 0.46/Stop loss 0.35, DIGI ( 6947 : 5.48 ) : Targeting 5.90/Stop loss 5.40
Source:Jupiter Securities Research, 19 October 2012
Wednesday 17 October 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Rise as Housing Data Overshadow Intel, IBM; as a jump in housing starts overshadowed disappointing results from International Business Machines Corp. (IBM) and Intel Corp. The S&P 500 (SPX) rose 0.4 percent to 1,460.91 at 4 p.m. in New York. The index has gained 2.3 percent this week. The Dow Jones Industrial Average added 5.22 points, or less than 0.1 percent, to 13,557 today. IBM, which accounts for more than 11 percent of the share-price-weighted Dow, took 80 points off the gauge today. About 6.3 billion shares traded hands on U.S. exchanges, 5.1 percent above the three-month average.
European Stocks Climb on Spain Debt Rating, U.S. Housing; as Moody’s Investors Service kept its investment-grade debt rating on Spain and U.S. new-home construction surged to a four-year high. The U.K.’s FTSE 100 (UKX) gained 0.7 percent, Germany’s DAX increased 0.3 percent and France’s CAC 40 climbed 0.8 percent.
Oil Trades Near One-Week High on Demand Outlook Amid Supply Gain; amid signs of an economic recovery in the U.S., the world’s biggest crude consumer. Crude for November delivery was at $91.90 a barrel, down 22 cents, in electronic trading on the New York Mercantile Exchange at 10:35 a.m. Sydney time. The contract yesterday closed at $92.12, the highest settlement since Oct. 9. Prices changed less than 25 cents for a fourth consecutive day, the longest streak of moves that small since 2003. Oil is down 7 percent this year.
Source:Jupiter Securities Research, 18 October 2012
U.S. Stocks Rise as Housing Data Overshadow Intel, IBM; as a jump in housing starts overshadowed disappointing results from International Business Machines Corp. (IBM) and Intel Corp. The S&P 500 (SPX) rose 0.4 percent to 1,460.91 at 4 p.m. in New York. The index has gained 2.3 percent this week. The Dow Jones Industrial Average added 5.22 points, or less than 0.1 percent, to 13,557 today. IBM, which accounts for more than 11 percent of the share-price-weighted Dow, took 80 points off the gauge today. About 6.3 billion shares traded hands on U.S. exchanges, 5.1 percent above the three-month average.
European Stocks Climb on Spain Debt Rating, U.S. Housing; as Moody’s Investors Service kept its investment-grade debt rating on Spain and U.S. new-home construction surged to a four-year high. The U.K.’s FTSE 100 (UKX) gained 0.7 percent, Germany’s DAX increased 0.3 percent and France’s CAC 40 climbed 0.8 percent.
Oil Trades Near One-Week High on Demand Outlook Amid Supply Gain; amid signs of an economic recovery in the U.S., the world’s biggest crude consumer. Crude for November delivery was at $91.90 a barrel, down 22 cents, in electronic trading on the New York Mercantile Exchange at 10:35 a.m. Sydney time. The contract yesterday closed at $92.12, the highest settlement since Oct. 9. Prices changed less than 25 cents for a fourth consecutive day, the longest streak of moves that small since 2003. Oil is down 7 percent this year.
Source:Jupiter Securities Research, 18 October 2012
Stock Overview - SKPRES - 18 Oct 2012
SKPRES ( 7155 : 0.38 ) : Take profit
Description
Resistance : 0.39
Support : 0.36
RSI of 64
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 11/6/2012 at 0.35, we are recommending to take profit
Trading Strategy
Take profit
Source:Jupiter Securities Research, 18 October 2012
Description
Resistance : 0.39
Support : 0.36
RSI of 64
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 11/6/2012 at 0.35, we are recommending to take profit
Trading Strategy
Take profit
Source:Jupiter Securities Research, 18 October 2012
Stock Overview - UNISEM - 18 Oct 2012
UNISEM ( 5005 : 1.07 ) : Targeting 1.24/Stop loss 1.00
Description
Resistance : 1.24
Support : 1.00
RSI of 67
RSI is on the rise
STOCHASTIC
It is oversold
Comment
The current recovery is heading for 1.24
Trading Strategy
Buy. Stop loss is at 1.00
Source:Jupiter Securities Research, 18 October 2012
Description
Resistance : 1.24
Support : 1.00
RSI of 67
RSI is on the rise
STOCHASTIC
It is oversold
Comment
The current recovery is heading for 1.24
Trading Strategy
Buy. Stop loss is at 1.00
Source:Jupiter Securities Research, 18 October 2012
Stock Overview - GADANG - 18 Oct 2012
GADANG ( 9261 : 0.66 ) : Take profit
Description
Resistance : 0.68
Support : 0.64
RSI of 67
RSI is approaching overbought
STOCHASTIC
It is approaching overbought
Comment
On the buy of 9/7/2012 at 0.59, we are recommending to take profit
Trading Strategy
Take profit
Source:Jupiter Securities Research, 18 October 2012
Description
Resistance : 0.68
Support : 0.64
RSI of 67
RSI is approaching overbought
STOCHASTIC
It is approaching overbought
Comment
On the buy of 9/7/2012 at 0.59, we are recommending to take profit
Trading Strategy
Take profit
Source:Jupiter Securities Research, 18 October 2012
YOUR MORNING COFFEE – Thursday 18/10/2012
SUMMARY
Source:Jupiter Securities Research, 18 October 2012
SUMMARY
- Wall St closed 0.04% higher, driven by the strong housing data. Housing starts up 15%, the strongest in 4 years.
- Dow of 13,557, may have completed its pullback, and is heading
- upwards to test 14,000. RSI of 58, is on the rise.
- DOLLAR INDEX is lower at 79.1. Support is at 78.7.
- Crude oil is higher at USD92.1. Resistance is at 96.6.
- Dollar yen is higher at 79.1 yen. Support is at 77.6.
- Euro/dollar is higher at 1.311. Resistance is at 1.3400.
- Gold is higher at USD1749. Support is at 1700.
- Shanghai closed higher at 2,105.
- Singapore STI closed higher at 3,051.
- Ringgit is firmer at 3.0290. Downside is at 3.09.
- S’pore ringgit is lower at 2.4880. Upside is at 2.540.
- Malaysian market closed higher at 1660. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 61, is on a buy divergence. Today’s range is between 1656 and 1666.
- CPO Dec futures is lower at RM2430. Support is at 2379.
- Trading : GADANG ( 9261 : 0.66 ) : Take profit, SKPRES ( 7155 : 0.38 ) : Take profit, UNISEM ( 5005 : 1.07 ) : Targeting 1.24/Stop loss 1.00
Source:Jupiter Securities Research, 18 October 2012
Morning Coffee - 17 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
S&P 500 Rises Most in Month on Industrial Output, Profits; as industrial production rose more than forecast and corporate earnings topped estimates. The S&P 500 climbed 1 percent to 1,454.92 at 4 p.m. in New York. The index advanced 1.8 percent over two days. The Dow Jones Industrial Average added 127.55 points, or 1 percent, to 13,551.78 today. About 6.2 billion shares traded hands on U.S. exchanges, 2.7 percent above the threemonth average.
Europe Stocks Rise as Germany Open to Spanish Credit Line; as two German lawmakers said the country is open to Spain seeking a precautionary credit line from Europe’s rescue fund, and German investor confidence advanced more than expected in October. The U.K.’s FTSE 100 gained 1.1 percent, Germany’s DAX added 1.6 percent, while France’s CAC 40 climbed 2.4 percent.
Oil Rises in New York on Spanish Bailout Optimism; after two German lawmakers said the country is open to Spain seeking a precautionary credit line from Europe’s rescue fund. Crude oil for November delivery increased 24 cents to $92.09 a barrel on the New York Mercantile Exchange, the highest settlement since Oct. 9. Prices are down 6.8 percent this year. Prices were little changed after the industry-funded American Petroleum Institute reported oil inventories gained 3.7 million barrels last week to 369.3 million. Oil was up 21 cents at $92.06 a barrel at 4:33 p.m. in electronic trading. It was at $92.13 before the report was released at 4:30 p.m.
Source:Jupiter Securities Research, 17 October 2012
S&P 500 Rises Most in Month on Industrial Output, Profits; as industrial production rose more than forecast and corporate earnings topped estimates. The S&P 500 climbed 1 percent to 1,454.92 at 4 p.m. in New York. The index advanced 1.8 percent over two days. The Dow Jones Industrial Average added 127.55 points, or 1 percent, to 13,551.78 today. About 6.2 billion shares traded hands on U.S. exchanges, 2.7 percent above the threemonth average.
Europe Stocks Rise as Germany Open to Spanish Credit Line; as two German lawmakers said the country is open to Spain seeking a precautionary credit line from Europe’s rescue fund, and German investor confidence advanced more than expected in October. The U.K.’s FTSE 100 gained 1.1 percent, Germany’s DAX added 1.6 percent, while France’s CAC 40 climbed 2.4 percent.
Oil Rises in New York on Spanish Bailout Optimism; after two German lawmakers said the country is open to Spain seeking a precautionary credit line from Europe’s rescue fund. Crude oil for November delivery increased 24 cents to $92.09 a barrel on the New York Mercantile Exchange, the highest settlement since Oct. 9. Prices are down 6.8 percent this year. Prices were little changed after the industry-funded American Petroleum Institute reported oil inventories gained 3.7 million barrels last week to 369.3 million. Oil was up 21 cents at $92.06 a barrel at 4:33 p.m. in electronic trading. It was at $92.13 before the report was released at 4:30 p.m.
Source:Jupiter Securities Research, 17 October 2012
Stock Overview - MUHIBAH - 17 Oct 2012
MUHIBAH ( 5703 : 0.92 ) : Targeting 1.00/Stop loss 0.90
Description
Resistance : 1.00
Support : 0.91
RSI of 50
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current recovery is heading for 1.00
Trading Strategy
Buy. Stop loss is at 0.90
Source:Jupiter Securities Research, 17 October 2012
Description
Resistance : 1.00
Support : 0.91
RSI of 50
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current recovery is heading for 1.00
Trading Strategy
Buy. Stop loss is at 0.90
Source:Jupiter Securities Research, 17 October 2012
Stock Overview - DAYANG - 17 Oct 2012
DAYANG ( 5141 : 2.20 ) : Targeting 2.40/Stop loss 2.10
Description
Resistance : 2.40
Support : 2.10
RSI of 75
RSI is overbought
STOCHASTIC
It is on an upswing
Comment
The current recovery is heading for 2.40
Trading Strategy
Buy. Stop loss is at 2.10
Source:Jupiter Securities Research, 17 October 2012
Description
Resistance : 2.40
Support : 2.10
RSI of 75
RSI is overbought
STOCHASTIC
It is on an upswing
Comment
The current recovery is heading for 2.40
Trading Strategy
Buy. Stop loss is at 2.10
Source:Jupiter Securities Research, 17 October 2012
Tuesday 16 October 2012
Stock Overview - GPACKET - 17 Oct 2012
GPACKET ( 0082 : 0.54 ) : Targeting 0.70/Stop loss 0.48
Description
Resistance : 0.70
Support : 0.48
RSI of 77
RSI is overbought
STOCHASTIC
It is on an upswing
Comment
The current recovery is heading for 0.70
Trading Strategy
Buy. Stop loss is at 0.48
Source:Jupiter Securities Research, 17 October 2012
Description
Resistance : 0.70
Support : 0.48
RSI of 77
RSI is overbought
STOCHASTIC
It is on an upswing
Comment
The current recovery is heading for 0.70
Trading Strategy
Buy. Stop loss is at 0.48
Source:Jupiter Securities Research, 17 October 2012
Daily Summary - 17 Oct 2012
YOUR MORNING COFFEE – Wednesday 17/10/2012
Source:Jupiter Securities Research, 17 October 2012
SUMMARY
- Wall St closed 0.9% higher, driven by solid corporate earnings data. CPI rose 0.6%, higher than expected.
- Dow of 13,551, may have completed its pullback, and is heading upwards to test 14,000. RSI of 57, is on the rise.
- DOLLAR INDEX is lower at 79.1. Support is at 78.7.
- Crude oil is higher at USD92.1. Resistance is at 96.6.
- Dollar yen is higher at 78.7 yen. Support is at 77.6.
- Euro/dollar is higher at 1.309. Resistance is at 1.3400.
- Gold is higher at USD1750. Support is at 1700.
- Shanghai closed lower at 2,098.
- Singapore STI closed lower at 3,042.
- Ringgit is firmer at 3.0460. Downside is at 3.09.
- S’pore ringgit is lower at 2.4980. Upside is at 2.540.
- Malaysian market closed lower at 1653. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 57, is on a buy divergence. Today’s range is between 1650 and 1660.
- CPO Dec futures is higher at RM2436. Support is at 2379.
- Trading : MUHIBAH ( 5703 : 0.92 ) : Targeting 1.00/Stop loss 0.90
- DAYANG ( 5141 : 2.20 ) : Targeting 2.40/Stop loss 2.10
- GPACKET ( 0082 : 0.54 ) : Targeting 0.70/Stop loss 0.48
Source:Jupiter Securities Research, 17 October 2012
Monday 15 October 2012
Morning Coffee - 16 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Rise as Retail Sales, Citigroup Top Estimates; as the Standard & Poor’s 500 Index (SPX) rebounded from its biggest weekly drop in four months, after American retail sales and Citigroup (C) Inc.’s earnings topped estimates. The S&P 500 climbed 0.8 percent to 1,440.13 at 4 p.m. in New York. The Dow Jones Industrial Average (INDU) rose 95.38 points, or 0.7 percent, to 13,424.23. About 5.9 billion shares traded hands on U.S. exchanges, 2 percent below the three-month average.
European Stocks Rise Amid M&A Deals; Orkla, Dougles Gain; as a U.S. report showed retail sales rose more than forecast in September. The U.K.’s FTSE 100 rose 0.2 percent, France’s CAC 40 climbed 0.9 percent, while Germany’s DAX advanced 0.4 percent.
Oil Trades Near Three-Day Low; Brent Premium at Widest in a Year- before a report that may show U.S. stockpiles climbed a second week. Crude for November delivery fell 23 cents to $91.62 a barrel in electronic trading on the New York Mercantile Exchange at 10:25 a.m. Sydney time. The contract yesterday closed at $91.85, the lowest settlement since Oct. 10. Prices are down 7.3 percent this year.
CORPORATE NEWS
Palm oil exports expected to fall; Plantation Industries and Commo-dities Minister Tan Sri Bernard Dompok believes exports will fall although the final figure will also depend on how the market reacts in the next two months. Considering the crude palm oil (CPO) duty-free shipment quota will be abolished come January 2013, there is a possibility that some importers may choose to increase imports before the year ends.
SAAG shares down on suspension of payments to its creditors; shares plunged 70% following news it had suspended payments to creditors ahead of the restructuring of its borrowings.SAAG fell 3.5 sen to close at 1.5 sen. It was the most actively traded stock yesterday with 185.113 million shares changing hands.It was reported that the group expected to return to profitability in 2015 upon completion of its debt-restructuring scheme.
StarbIz
Tenaga in Indonesian coal-fired power plant venture; has signed a joint development agreement with PT PLN, the Indonesia state-owned utility company and PT Bukit Asam, a coal producer, on the development of a coal-fired power plant project, a coal mine project and a high-voltage, direct current (HVDC) interconnection project.
DRB-HICOM frontrunner for MRT track job; is tipped to win this week a contract worth between RM800 million and RM900 million to lay railway tracks for the Sungai Buloh-Kajang MY Rapid Transit (SBK MRT) project, people familiar with the matter said. Business Times understands that the contract is part of several jobs worth more than RM1.2 billion that Mass Rapid Transit Corp Sdn Bhd (MRT Corp) will be awarding soon.
Btimes
Source:Jupiter Securities Research, 16 October 2012
U.S. Stocks Rise as Retail Sales, Citigroup Top Estimates; as the Standard & Poor’s 500 Index (SPX) rebounded from its biggest weekly drop in four months, after American retail sales and Citigroup (C) Inc.’s earnings topped estimates. The S&P 500 climbed 0.8 percent to 1,440.13 at 4 p.m. in New York. The Dow Jones Industrial Average (INDU) rose 95.38 points, or 0.7 percent, to 13,424.23. About 5.9 billion shares traded hands on U.S. exchanges, 2 percent below the three-month average.
European Stocks Rise Amid M&A Deals; Orkla, Dougles Gain; as a U.S. report showed retail sales rose more than forecast in September. The U.K.’s FTSE 100 rose 0.2 percent, France’s CAC 40 climbed 0.9 percent, while Germany’s DAX advanced 0.4 percent.
Oil Trades Near Three-Day Low; Brent Premium at Widest in a Year- before a report that may show U.S. stockpiles climbed a second week. Crude for November delivery fell 23 cents to $91.62 a barrel in electronic trading on the New York Mercantile Exchange at 10:25 a.m. Sydney time. The contract yesterday closed at $91.85, the lowest settlement since Oct. 10. Prices are down 7.3 percent this year.
CORPORATE NEWS
Palm oil exports expected to fall; Plantation Industries and Commo-dities Minister Tan Sri Bernard Dompok believes exports will fall although the final figure will also depend on how the market reacts in the next two months. Considering the crude palm oil (CPO) duty-free shipment quota will be abolished come January 2013, there is a possibility that some importers may choose to increase imports before the year ends.
SAAG shares down on suspension of payments to its creditors; shares plunged 70% following news it had suspended payments to creditors ahead of the restructuring of its borrowings.SAAG fell 3.5 sen to close at 1.5 sen. It was the most actively traded stock yesterday with 185.113 million shares changing hands.It was reported that the group expected to return to profitability in 2015 upon completion of its debt-restructuring scheme.
StarbIz
Tenaga in Indonesian coal-fired power plant venture; has signed a joint development agreement with PT PLN, the Indonesia state-owned utility company and PT Bukit Asam, a coal producer, on the development of a coal-fired power plant project, a coal mine project and a high-voltage, direct current (HVDC) interconnection project.
DRB-HICOM frontrunner for MRT track job; is tipped to win this week a contract worth between RM800 million and RM900 million to lay railway tracks for the Sungai Buloh-Kajang MY Rapid Transit (SBK MRT) project, people familiar with the matter said. Business Times understands that the contract is part of several jobs worth more than RM1.2 billion that Mass Rapid Transit Corp Sdn Bhd (MRT Corp) will be awarding soon.
Btimes
Source:Jupiter Securities Research, 16 October 2012
Stock Overview - BORNOIL - 16 Oct 2012
BORNOIL ( 7036 : 0.46 ) : Take profit
Description
Resistance : 0.48
Support : 0.44
RSI of 63
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 3/10/2012 at 0.41, we are recommending to take profit as technicals are overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 16 October 2012
Description
Resistance : 0.48
Support : 0.44
RSI of 63
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 3/10/2012 at 0.41, we are recommending to take profit as technicals are overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 16 October 2012
Stock Overview - DIJACOR - 16 Oct 2012
DIJACOR ( 5401 : 1.07 ) : Targeting 1.18
Description
Resistance : 1.18
Support : 1.02
RSI of 50
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current recovery is heading for 1.18
Trading Strategy
Buy. Stop loss is at 1.02
Source:Jupiter Securities Research, 16 October 2012
Description
Resistance : 1.18
Support : 1.02
RSI of 50
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current recovery is heading for 1.18
Trading Strategy
Buy. Stop loss is at 1.02
Source:Jupiter Securities Research, 16 October 2012
Stock Overview - ADVENTA - 16 Oct 2012
ADVENTA ( 7191 : 1.91 ) : Take profit
Description
Resistance : 1.94
Support : 1.86
RSI of 66
RSI is approaching overbought
STOCHASTIC
It is overbought
Comment
On the buy of 4/10/2012 at below 1.83, we are recommending to take profit as technicals are approaching overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 16 October 2012
Description
Resistance : 1.94
Support : 1.86
RSI of 66
RSI is approaching overbought
STOCHASTIC
It is overbought
Comment
On the buy of 4/10/2012 at below 1.83, we are recommending to take profit as technicals are approaching overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 16 October 2012
Stock Overview - BHIC - 16 Oct 2012
BHIC ( 8133 : 2.52 ) : Take profit
Description
Resistance : 2.62
Support : 2.40
RSI of 79
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 10/10/2012 at 2.28, we are recommending to take profit as technicals are overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 16 October 2012
Description
Resistance : 2.62
Support : 2.40
RSI of 79
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 10/10/2012 at 2.28, we are recommending to take profit as technicals are overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 16 October 2012
Daily Summary - 16 Oct 2012
YOUR MORNING COFFEE – Tuesday 16/10/2012
SUMMARY
SUMMARY
- Wall St closed 0.7% higher, due to a sharp rise in retail sales, and higher earnings from Citigroup. Retail sales rose 1.1% in September. US Fed Empire State manufacturing index improved to minus 6.2,from minus 10.4.
- Dow of 13,424, may have completed its pullback, and is heading upwards to test 14,000. RSI of 50, is on the rise.
- DOLLAR INDEX is lower at 79.6. Resistance is at 80.8.
- Crude oil is lower at USD91.8. Resistance is at 96.6.
- Dollar yen is higher at 78.7 yen. Support is at 77.6.
- Euro/dollar is higher at 1.297. Support is at 1.2700.
- Gold is lower at USD1737. Support is at 1700.
- Shanghai closed lower at 2,098.
- Singapore STI closed higher at 3,047.
- Ringgit is firmer at 3.0560. Downside is at 3.09.
- S’pore ringgit is lower at 2.503. Upside is at 2.540.
- Malaysian market closed higher at 1654. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 57, is on a buy divergence. Today’s range is between 1649 and 1659.
- CPO Dec futures is lower at RM2430. Support is at 2379.
- Trading : DIJACOR ( 5401 : 1.07 ) : Targeting 1.18, BHIC ( 8133 : 2.52 ) : Take profit, BORNOIL ( 7036 : 0.46 ) : Take profit, ADVENTA ( 7191 : 1.91 ) : Take profit
Sunday 14 October 2012
Morning Coffee - 15 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Fall Most in Week Since June on IMF, Profits; as the International Monetary Fund reduced its global growth forecasts and projections from Advanced Micro Devices Inc. (AMD)and Alcoa Inc. (AA) disappointed investors. The S&P 500 tumbled 2.2 percent to 1,428.59 for the week. The Dow Jones Industrial Average fell 281.30 points, or 2.1 percent, to 13,328.85. Both gauges had their biggest weekly retreat since June 1. Stocks fell worldwide as the IMF reduced its global growth estimate for 2012 to 3.3 percent from 3.5 percent, the
slowest since the 2009 recession. The Washington-based lender warned of even slower expansion unless officials in the U.S. and Europe address threats to their economies.
Europe Stocks Drop for Third Week in Four; as the International Monetary Fund and the World Bank lowered economic-growth forecasts and companies predicted their earnings will miss estimates. Germany’s DAX slid 2.2 percent,the U.K.’s FTSE 100 lost 1.3 percent, France’s CAC 40 retreated 2 percent.
Oil Drops a Second Day as Iran Offers Uranium-Enrichment Deal; to suspend domestic production of medium-enriched uranium before European leaders meet to discuss tighter sanctions on the Persian Gulf country. Crude for November delivery fell as much as 79 cents to $91.07 a barrel in electronic trading on the New York Mercantile Exchange and was at $91.19 at 10:37 a.m. Sydney time. The contract declined 0.2 percent on Oct. 12 to $91.86. Prices are down 7.7 percent this year.
CORPORATE NEWS
Fernandes: Aborted Batavia Air deal not setback, AirAsia will forge ahead in Indonesia; On Wednesday, AirAsia and its Indonesian partner PT Fersindo Nusaperkasa dropped plans to buy domestic carrier Batavia Air as the three companies failed to reach an agreement. AirAsia said in July that it planned to buy a 49% stake in closely held Batavia Air, while Fersindo would buy the balance 51% stake. The companies were expected to pay a total US$80mil (RM245mil) for Batavia Air.From the onset, the deal faced hurdles such as regulatory issues.
MKH to gain from MRT project as its property developments are close to the rail line; The company is planning to launch properties with an estimated gross development value of more than RM5bil over the next seven years in Kajang and Semenyih, including its Puncak Alam RM135mil turnkey project from Puncak Alam Resources Sdn Bhd. MKH, which used to derive its revenue from property development and investment, has added oil palm plantation to its current core business. The plantation division will start to contribute positively from 2013 onwards.
StarbIz
MASwings eyes 1.5m passengers; the target can be achieved based on the growing number of passengers in the areas served by MASwings as well as the success of its expansion plan in the Brunei, Indonesia, Malaysia, Philippines-East Asean Growth Area (BIMP-EAGA). MASwings' flight on time performance was the best in the country with an average of 94 per cent registered last year and expected to achieve more positive result this year.
Maybank unit aims to be key player in Asia by 2017; MALAYAN Banking Bhd's (Maybank) asset management companies are targeting to grow their assets under management at about 50 per cent a year, reaching RM37 billion by 2015.The country's largest lender is currently consolidating all its asset management businesses which are managed by Maybank Asset Management Sdn Bhd (Maybank AM), Maybank Ventures in Malaysia, KE Capital Partners in Singapore, Kim Eng Asset Management in Thailand and ATR Kim Eng in the Philippines under one roof.
Btimes
Source:Jupiter Securities Research, 15 October 2012
U.S. Stocks Fall Most in Week Since June on IMF, Profits; as the International Monetary Fund reduced its global growth forecasts and projections from Advanced Micro Devices Inc. (AMD)and Alcoa Inc. (AA) disappointed investors. The S&P 500 tumbled 2.2 percent to 1,428.59 for the week. The Dow Jones Industrial Average fell 281.30 points, or 2.1 percent, to 13,328.85. Both gauges had their biggest weekly retreat since June 1. Stocks fell worldwide as the IMF reduced its global growth estimate for 2012 to 3.3 percent from 3.5 percent, the
slowest since the 2009 recession. The Washington-based lender warned of even slower expansion unless officials in the U.S. and Europe address threats to their economies.
Europe Stocks Drop for Third Week in Four; as the International Monetary Fund and the World Bank lowered economic-growth forecasts and companies predicted their earnings will miss estimates. Germany’s DAX slid 2.2 percent,the U.K.’s FTSE 100 lost 1.3 percent, France’s CAC 40 retreated 2 percent.
Oil Drops a Second Day as Iran Offers Uranium-Enrichment Deal; to suspend domestic production of medium-enriched uranium before European leaders meet to discuss tighter sanctions on the Persian Gulf country. Crude for November delivery fell as much as 79 cents to $91.07 a barrel in electronic trading on the New York Mercantile Exchange and was at $91.19 at 10:37 a.m. Sydney time. The contract declined 0.2 percent on Oct. 12 to $91.86. Prices are down 7.7 percent this year.
CORPORATE NEWS
Fernandes: Aborted Batavia Air deal not setback, AirAsia will forge ahead in Indonesia; On Wednesday, AirAsia and its Indonesian partner PT Fersindo Nusaperkasa dropped plans to buy domestic carrier Batavia Air as the three companies failed to reach an agreement. AirAsia said in July that it planned to buy a 49% stake in closely held Batavia Air, while Fersindo would buy the balance 51% stake. The companies were expected to pay a total US$80mil (RM245mil) for Batavia Air.From the onset, the deal faced hurdles such as regulatory issues.
MKH to gain from MRT project as its property developments are close to the rail line; The company is planning to launch properties with an estimated gross development value of more than RM5bil over the next seven years in Kajang and Semenyih, including its Puncak Alam RM135mil turnkey project from Puncak Alam Resources Sdn Bhd. MKH, which used to derive its revenue from property development and investment, has added oil palm plantation to its current core business. The plantation division will start to contribute positively from 2013 onwards.
StarbIz
MASwings eyes 1.5m passengers; the target can be achieved based on the growing number of passengers in the areas served by MASwings as well as the success of its expansion plan in the Brunei, Indonesia, Malaysia, Philippines-East Asean Growth Area (BIMP-EAGA). MASwings' flight on time performance was the best in the country with an average of 94 per cent registered last year and expected to achieve more positive result this year.
Maybank unit aims to be key player in Asia by 2017; MALAYAN Banking Bhd's (Maybank) asset management companies are targeting to grow their assets under management at about 50 per cent a year, reaching RM37 billion by 2015.The country's largest lender is currently consolidating all its asset management businesses which are managed by Maybank Asset Management Sdn Bhd (Maybank AM), Maybank Ventures in Malaysia, KE Capital Partners in Singapore, Kim Eng Asset Management in Thailand and ATR Kim Eng in the Philippines under one roof.
Btimes
Source:Jupiter Securities Research, 15 October 2012
Stock Overview - SCIENTX - 15 Oct 2012
SCIENTX ( 4731 : 2.94 ) : Take profit
Description
Resistance : 3.00
Support : 2.80
RSI of 83
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 5/10/2012 at 2.59, we are recommending to take profit as technicals are overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 15 October 2012
Description
Resistance : 3.00
Support : 2.80
RSI of 83
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 5/10/2012 at 2.59, we are recommending to take profit as technicals are overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 15 October 2012
Stock Overview - GENTING - 15 Oct 2012
GENTING ( 3182 : 8.80 ) : Targeting 9.20/Stop loss 8.65
Description
Resistance : 9.20
Support : 8.65
RSI of 48
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
It is on a technical rebound to target 9.20
Trading Strategy
Buy. Stop loss is at 8.65
Source:Jupiter Securities Research, 15 October 2012
Description
Resistance : 9.20
Support : 8.65
RSI of 48
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
It is on a technical rebound to target 9.20
Trading Strategy
Buy. Stop loss is at 8.65
Source:Jupiter Securities Research, 15 October 2012
Stock Overview - HARTA - 15 Oct 2012
HARTA ( 5168 : 4.64 ) : Take profit
Description
Resistance : 4.70
Support : 4.50
RSI of 66
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 28/9/2012 at 4.35, we are recommending to take profit as technicals are overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 15 October 2012
Description
Resistance : 4.70
Support : 4.50
RSI of 66
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 28/9/2012 at 4.35, we are recommending to take profit as technicals are overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 15 October 2012
Stock Overview - MKLAND - 15 Oct 2012
MKLAND ( 8893 : 0.38 ) : Take profit
Description
Resistance : 0.41
Support : 0.36
RSI of 59
RSI is on the rise
STOCHASTIC
It is overbought
Comment
On the buy of 6/9/2012 at below 0.34, we are recommending to take profit as technicals are approaching overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 15 October 2012
Description
Resistance : 0.41
Support : 0.36
RSI of 59
RSI is on the rise
STOCHASTIC
It is overbought
Comment
On the buy of 6/9/2012 at below 0.34, we are recommending to take profit as technicals are approaching overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research, 15 October 2012
Daily Summary - 15 Oct 2012
YOUR MORNING COFFEE – Monday 15/10/2012
SUMMARY
Source:Jupiter Securities Research, 15 October 2012
SUMMARY
- Wall St closed 0.02% higher, cautiously ahead of the corporate earnings result season starting this week. Analysts are expecting the 3Q’2012 earnings for S&P to decline 1.2%. Consumer sentiment index rose to 83.1, the highest in 5 years.
- Dow of 13,328, is on a small pullback. Support is at 13,250. RSI of 44,
- is weakening.
- DOLLAR INDEX is lower at 79.7. Resistance is at 80.8.
- Crude oil is lower at USD91.8. Resistance is at 96.6.
- Dollar yen is higher at 78.4 yen. Support is at 77.6.
- Euro/dollar is higher at 1.293. Support is at 1.2700.
- Gold is lower at USD1744. Support is at 1700.
- Shanghai closed higher at 2,104.
- Singapore STI closed higher at 3,046.
- Ringgit is weaker at 3.0650. Downside is at 3.09.
- S’pore ringgit is higher at 2.506. Upside is at 2.540.
- Malaysian market closed lower at 1653. On the Daily chart, it is
- targeting 1710 over a longer term. Support is at 1638. RSI of 57, is on
- a buy divergence. Today’s range is between 1652 and 1662.
- CPO Dec futures is lower at RM2430. Resistance is at 2574.
- Trading : SCIENTX ( 4731 : 2.94 ) : Take profit, HARTA ( 5168 : 4.64 ) : Take profit, MKLAND ( 8893 : 0.38 ) : Take profit, GENTING ( 3182 : 8.80 ) : Targeting 9.20/Stop loss 8.65
Source:Jupiter Securities Research, 15 October 2012
Thursday 11 October 2012
Morning Coffee - 12 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Erase Gains as Optimism on Jobless Data Fades; as optimism about a drop in jobless claims faded and a slump in Apple Inc. (AAPL) dragged down technology shares. The S&P 500 (SPX) has slipped 2.3 percent since reaching an almost five-year high of 1,465.77 on Sept. 14. The benchmark index is less than 1 percent higher than its 50-day moving average of 1,427.11. Apple, the world’s most valuable company, sank 2 percent to $628.10, erasing an earlier rally of as much as 1 percent and helping to reverse gains for technology companies as a group in the S&P 500. The iPhone maker is down 11 percent since reaching its all-time high of $702.10 on Sept. 19.
European Stocks Rise First Day in Four; Burberry Gains; as U.S. jobless claims fell to a four- year low and Burberry Group Plc (BRBY) led luxury-goods makers higher. The U.K.’s FTSE 100 added 0.9 percent, France’s CAC 40 gained 1.4 percent, while Germany’s DAX rose 1.1 percent.
Oil Gains a Second Day on Falling Jobless Claims, Mideast Unrest; after U.S. claims for jobless benefits dropped to the lowest level in four years and increased tension in the Middle East prompted concern crude supplies may be disrupted. Crude for November delivery climbed as much as 41 cents to $92.48 a barrel in electronic trading on the New York Mercantile Exchange and was at $92.29 at 10:30 a.m. Sydney time. The contract yesterday rose 82 cents to $92.07 a barrel. Prices are up 2.7 percent this week and down 6.6 percent this year.
CORPORATE NEWS
Top Glove Q4 earnings jump on stronger demand; earnings jumped 143% to RM63.51mil in the fourth quarter ended Aug 31, from RM26.03mil a year ago. Revenue rose 12% to RM607.23mil from RM541.83mil. Top Glove attributed the double-digit percentage increase in its revenue to an increase in demand for natural rubber and nitrile gloves from all the regions, and the positive results of its expansion and upgrading exercise to increase its production capacity and quality.
MISC: No gain or losses from stake sale; proposed disposal of its 50% equity interest in Gumusut-Kakap Semi-Floating Production System (L) Ltd (GKL) to E&P Venture Solutions Co Sdn Bhd, a unit of Petronas Carigali Sdn Bhd, will not result in any gain or loss to MISC. It said that this was because the stakes were sold at the cost of the company’s equity investment in GKL.
StarbIz
Alam Maritim unit secures RM69.2m deal; wholly-owned Alam Maritim (M) Sdn Bhd has secured a RM69.22 million contract from a local oil and gas company to supply a workboat. The contract is for one year with an option for another one year.
AMMB to run Kurnia and AmG under single licence; The plan will possibly see Kurnia surrender its insurance licence and operate under AmG's operating licence. AmG, which is 51 per cent-owned by AmBank Group and 49 per cent by Insurance Australia Group Ltd (IAG), bought Kurnia Insurans (M) Bhd for RM1.63 billion last month.
Btimes
Source:Jupiter Securities Research, 12 October 2012
U.S. Stocks Erase Gains as Optimism on Jobless Data Fades; as optimism about a drop in jobless claims faded and a slump in Apple Inc. (AAPL) dragged down technology shares. The S&P 500 (SPX) has slipped 2.3 percent since reaching an almost five-year high of 1,465.77 on Sept. 14. The benchmark index is less than 1 percent higher than its 50-day moving average of 1,427.11. Apple, the world’s most valuable company, sank 2 percent to $628.10, erasing an earlier rally of as much as 1 percent and helping to reverse gains for technology companies as a group in the S&P 500. The iPhone maker is down 11 percent since reaching its all-time high of $702.10 on Sept. 19.
European Stocks Rise First Day in Four; Burberry Gains; as U.S. jobless claims fell to a four- year low and Burberry Group Plc (BRBY) led luxury-goods makers higher. The U.K.’s FTSE 100 added 0.9 percent, France’s CAC 40 gained 1.4 percent, while Germany’s DAX rose 1.1 percent.
Oil Gains a Second Day on Falling Jobless Claims, Mideast Unrest; after U.S. claims for jobless benefits dropped to the lowest level in four years and increased tension in the Middle East prompted concern crude supplies may be disrupted. Crude for November delivery climbed as much as 41 cents to $92.48 a barrel in electronic trading on the New York Mercantile Exchange and was at $92.29 at 10:30 a.m. Sydney time. The contract yesterday rose 82 cents to $92.07 a barrel. Prices are up 2.7 percent this week and down 6.6 percent this year.
CORPORATE NEWS
Top Glove Q4 earnings jump on stronger demand; earnings jumped 143% to RM63.51mil in the fourth quarter ended Aug 31, from RM26.03mil a year ago. Revenue rose 12% to RM607.23mil from RM541.83mil. Top Glove attributed the double-digit percentage increase in its revenue to an increase in demand for natural rubber and nitrile gloves from all the regions, and the positive results of its expansion and upgrading exercise to increase its production capacity and quality.
MISC: No gain or losses from stake sale; proposed disposal of its 50% equity interest in Gumusut-Kakap Semi-Floating Production System (L) Ltd (GKL) to E&P Venture Solutions Co Sdn Bhd, a unit of Petronas Carigali Sdn Bhd, will not result in any gain or loss to MISC. It said that this was because the stakes were sold at the cost of the company’s equity investment in GKL.
StarbIz
Alam Maritim unit secures RM69.2m deal; wholly-owned Alam Maritim (M) Sdn Bhd has secured a RM69.22 million contract from a local oil and gas company to supply a workboat. The contract is for one year with an option for another one year.
AMMB to run Kurnia and AmG under single licence; The plan will possibly see Kurnia surrender its insurance licence and operate under AmG's operating licence. AmG, which is 51 per cent-owned by AmBank Group and 49 per cent by Insurance Australia Group Ltd (IAG), bought Kurnia Insurans (M) Bhd for RM1.63 billion last month.
Btimes
Source:Jupiter Securities Research, 12 October 2012
Stock Overview - OLDTOWN - 12 Oct 2012
OLDTOWN ( 5201 : 1.93 ) : Targeting 2.08/Stop loss 1.86
Description
Resistance : 2.08
Support : 1.86
RSI of 46
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current technical rebound is heading for 2.08
Trading Strategy
Buy. Stop loss is at 1.86
Source:Jupiter Securities Research, 12 October 2012
Description
Resistance : 2.08
Support : 1.86
RSI of 46
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current technical rebound is heading for 2.08
Trading Strategy
Buy. Stop loss is at 1.86
Source:Jupiter Securities Research, 12 October 2012
Stock Overview - RSAWIT- 12 Oct 2012
RSAWIT ( 5113 : 0.93 ) : Targeting 0.98/Stop loss 0.91
Description
Resistance : 0.98
Support : 0.91
RSI of 32
RSI is oversold
STOCHASTIC
It is oversold
Comment
The recent sell down may have ended at 0.905. A technical rebound, to ease the oversold level, is possible with the upside capped at 0.99
Trading Strategy
Buy. A tight stop loss at 0.91
Source:Jupiter Securities Research, 12 October 2012
Description
Resistance : 0.98
Support : 0.91
RSI of 32
RSI is oversold
STOCHASTIC
It is oversold
Comment
The recent sell down may have ended at 0.905. A technical rebound, to ease the oversold level, is possible with the upside capped at 0.99
Trading Strategy
Buy. A tight stop loss at 0.91
Source:Jupiter Securities Research, 12 October 2012
Stock Overview - ARANK - 12 Oct 2012
ARANK ( 7214 : 0.505 ) : Targeting 0.57/Stop loss 0.48
Description
Resistance : 0.57
Support : 0.48
RSI of 72
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current technical rebound is heading for 0.57
Trading Strategy
Buy. Stop loss is at 0.48
Source:Jupiter Securities Research, 12 October 2012
Description
Resistance : 0.57
Support : 0.48
RSI of 72
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current technical rebound is heading for 0.57
Trading Strategy
Buy. Stop loss is at 0.48
Source:Jupiter Securities Research, 12 October 2012
Stock Overview - SEALINK - 12 Oct 2012
SEALINK ( 5145 : 0.40 ) : Targeting 0.49/Stop loss 0.38
Description
Resistance : 0.49
Support : 0.38
RSI of 67
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current technical rebound is heading for 0.49
Trading Strategy
Buy. Stop loss is at 0.38
Source:Jupiter Securities Research, 12 October 2012
Description
Resistance : 0.49
Support : 0.38
RSI of 67
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current technical rebound is heading for 0.49
Trading Strategy
Buy. Stop loss is at 0.38
Source:Jupiter Securities Research, 12 October 2012
Daily Summary - 12 Oct 2012
YOUR MORNING COFFEE – Friday 12/10/2012
SUMMARY
Source:Jupiter Securities Research, 12 October 2012
SUMMARY
- Wall St closed 0.14% lower, cautiously ahead of the corporate earnings result season starting this week. Analysts are expecting the 3Q’2012 earnings for S&P to decline 1.2%. Weekly initial jobless claims dipped to 339,000.
- Dow of 13,326, is on a small pullback. Support is at 13,250. RSI of 44, is weakening.
- DOLLAR INDEX is lower at 79.7. Resistance is at 80.8.
- Crude oil is higher at USD92.0. Resistance is at 96.6.
- Dollar yen is higher at 78.4 yen. Support is at 77.6.
- Euro/dollar is higher at 1.293. Support is at 1.2700.
- Gold is higher at USD1768. Support is at 1700.
- Shanghai closed lower at 2,102.
- Singapore STI closed higher at 3,034.
- Ringgit is stronger at 3.0580. Downside is at 3.09.
- S’pore ringgit is higher at 2.540. Upside is at 2.540.
- Malaysian market closed lower at 1655. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 59, is on a buy divergence. Today’s range is between 1653 and 1663.
- CPO Dec futures is higher at RM2508. Resistance is at 2574.
- Trading : SEALINK ( 5145 : 0.40 ) : Targeting 0.49/Stop loss 0.38, OLDTOWN ( 5201 : 1.93 ) : Targeting 2.08/Stop loss 1.86, ARANK ( 7214 : 0.505 ) : Targeting 0.57/Stop loss 0.48, RSAWIT ( 5113 : 0.93 ) : Targeting 0.98/Stop loss 0.91
Source:Jupiter Securities Research, 12 October 2012
Wednesday 10 October 2012
Morning Coffee - 11 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Fall as Alcoa Slumps Amid Earnings Concern; as Alcoa (AA) Inc.’s forecast fueled concern over corporate earnings and global economic growth. The S&P 500 slipped 0.6 percent to 1,432.56 in New York. The benchmark gauge fell 1 percent yesterday, and is down 2 percent over four days. The Dow Jones Industrial Average lost 128.56 points, or 1 percent, to 13,344.97. More than 5.9 billion shares changed on U.S. exchanges today, about 1.5 percent below the three-month average.
European Stocks Decline for a Third Day; AB InBev Falls; as investors speculated that economic fundamentals don’t justify current stock valuations and Alcoa Inc. (AA) cut its forecast for global aluminum demand. The U.K.’s FTSE 100 slipped 0.6 percent, while Germany’s DAX retreated 0.4 percent and France’s CAC 40 declined 0.5 percent.
Oil Falls on Expectations of Gain in U.S. Supply Report; for the first time in three weeks and concern that a weaker economy will curb demand for commodities. Oil for November delivery decreased $1.14 to settle at $91.25 a barrel on the New York Mercantile Exchange. The contract increased $3.06 yesterday to $92.39, the highest settlement since Oct. 1. Prices are down 7.7 percent this year.
CORPORATE NEWS
CPO stocks jump to record high on weaker exports; Crude palm oil stocks jumped 17.4% to a record of 2.48 million tonnes September compared with August as exports fail to keep up with production that surged to an all time high of two million tonnes . Exports rose by 4.5% to 1.5 million tonnes last month according to Malaysian Palm Oil Board (MPOB) monthly statistic data released yesterday.
Malton unit to develop Penang land; wholly-owned subsidiary Silver Setup Sdn Bhd (SSSB) has entered into a jointdevelopment agreement with Batu Kawan Development Sdn Bhd to jointly develop a 300-acre piece of land in Batu Kawan, Penang into a mixed commercial and residential development with a gross development value of RM3.8bil.
StarbIz
'MAS-LSGB catering deal intact'; Brahim's Holdings Bhd says the catering agreement between its unit LSG Sky Chefs- Brahim's Sdn Bhd (LSGB) and Malaysian Airline System Bhd (MAS) remains intact.It said any operational issues will be reviewed and resolved progressively within the framework of the existing catering agreement. "Upon discussions with the representatives of MAS, Brahim's is pleased to inform that there are no substantial issues at the shareholders' level with MAS in respect of the catering agreement," it said.
Pesona ends 20pc higher on debut; Pesona Metro Holdings Bhd, a construction company, made its debut on the Main Market of Bursa Malaysia yesterday at 46.5 sen for a 86 per cent premium, with 2.9 million shares traded. The company, which took over the listing status of Mithril Bhd, saw its shares close at 30 sen, or 20 per cent above its initial price offer of 25 sen. Pesona, which raised RM10 million from the listing exercise via the issuance of 400 million new shares at 25 sen each, plans to invest in technologies like industrialised building systems (IBS).
Btimes
Source:Jupiter Securities Research, 11 October 2012
U.S. Stocks Fall as Alcoa Slumps Amid Earnings Concern; as Alcoa (AA) Inc.’s forecast fueled concern over corporate earnings and global economic growth. The S&P 500 slipped 0.6 percent to 1,432.56 in New York. The benchmark gauge fell 1 percent yesterday, and is down 2 percent over four days. The Dow Jones Industrial Average lost 128.56 points, or 1 percent, to 13,344.97. More than 5.9 billion shares changed on U.S. exchanges today, about 1.5 percent below the three-month average.
European Stocks Decline for a Third Day; AB InBev Falls; as investors speculated that economic fundamentals don’t justify current stock valuations and Alcoa Inc. (AA) cut its forecast for global aluminum demand. The U.K.’s FTSE 100 slipped 0.6 percent, while Germany’s DAX retreated 0.4 percent and France’s CAC 40 declined 0.5 percent.
Oil Falls on Expectations of Gain in U.S. Supply Report; for the first time in three weeks and concern that a weaker economy will curb demand for commodities. Oil for November delivery decreased $1.14 to settle at $91.25 a barrel on the New York Mercantile Exchange. The contract increased $3.06 yesterday to $92.39, the highest settlement since Oct. 1. Prices are down 7.7 percent this year.
CORPORATE NEWS
CPO stocks jump to record high on weaker exports; Crude palm oil stocks jumped 17.4% to a record of 2.48 million tonnes September compared with August as exports fail to keep up with production that surged to an all time high of two million tonnes . Exports rose by 4.5% to 1.5 million tonnes last month according to Malaysian Palm Oil Board (MPOB) monthly statistic data released yesterday.
Malton unit to develop Penang land; wholly-owned subsidiary Silver Setup Sdn Bhd (SSSB) has entered into a jointdevelopment agreement with Batu Kawan Development Sdn Bhd to jointly develop a 300-acre piece of land in Batu Kawan, Penang into a mixed commercial and residential development with a gross development value of RM3.8bil.
StarbIz
'MAS-LSGB catering deal intact'; Brahim's Holdings Bhd says the catering agreement between its unit LSG Sky Chefs- Brahim's Sdn Bhd (LSGB) and Malaysian Airline System Bhd (MAS) remains intact.It said any operational issues will be reviewed and resolved progressively within the framework of the existing catering agreement. "Upon discussions with the representatives of MAS, Brahim's is pleased to inform that there are no substantial issues at the shareholders' level with MAS in respect of the catering agreement," it said.
Pesona ends 20pc higher on debut; Pesona Metro Holdings Bhd, a construction company, made its debut on the Main Market of Bursa Malaysia yesterday at 46.5 sen for a 86 per cent premium, with 2.9 million shares traded. The company, which took over the listing status of Mithril Bhd, saw its shares close at 30 sen, or 20 per cent above its initial price offer of 25 sen. Pesona, which raised RM10 million from the listing exercise via the issuance of 400 million new shares at 25 sen each, plans to invest in technologies like industrialised building systems (IBS).
Btimes
Source:Jupiter Securities Research, 11 October 2012
Stock Overview - HARBOUR - 11 Oct 2012
HARBOUR ( 2062 : 0.99 ) : Targeting 1.10/Stop loss 0.95
Description
Resistance : 1.10
Support : 0.95
RSI of 69
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current technical rebound is heading for 1.10
Trading Strategy
Buy. Stop loss is at 0.95
Source:Jupiter Securities Research, 11 October 2012
Description
Resistance : 1.10
Support : 0.95
RSI of 69
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current technical rebound is heading for 1.10
Trading Strategy
Buy. Stop loss is at 0.95
Source:Jupiter Securities Research, 11 October 2012
Stock Overview - SCOMIMR - 11 Oct 2012
SCOMIMR ( 7045 : 0.39 ) : Take profit
Description
Resistance : 0.42
Support : 0.34
RSI of 77
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 28/8/2012 at 0.32, we are recommending to take profit due to overbought technicals
Trading Strategy
Take profit
Source:Jupiter Securities Research, 11 October 2012
Description
Resistance : 0.42
Support : 0.34
RSI of 77
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the buy of 28/8/2012 at 0.32, we are recommending to take profit due to overbought technicals
Trading Strategy
Take profit
Source:Jupiter Securities Research, 11 October 2012
Overview - PERDANA - 11 Oct 2012
PERDANA ( 7108 : 0.88 ) : Targeting 1.04/Stop loss 0.85
Description
Resistance : 1.04
Support : 0.85
RSI of 69
RSI is overbought
STOCHASTIC
It is on an upswing
Comment
The sharp upkick yesterday is heading for 1.04
Trading Strategy
Buy. Stop loss is at 0.85
Source:Jupiter Securities Research, 11 October 2012
Description
Resistance : 1.04
Support : 0.85
RSI of 69
RSI is overbought
STOCHASTIC
It is on an upswing
Comment
The sharp upkick yesterday is heading for 1.04
Trading Strategy
Buy. Stop loss is at 0.85
Source:Jupiter Securities Research, 11 October 2012
Daily Summary - 11 Oct 2012
YOUR MORNING COFFEE – Thursday 11/10/2012
SUMMARY
Source:Jupiter Securities Research, 11 October 2012
SUMMARY
- Wall St closed 0.95% lower, cautiously ahead of the corporate earnings result season starting this week. Analysts are expecting the 3Q’2012 earnings for S&P to decline 1.2%. US Fed’s Beige Book, an anecdotal account of business activity, showed economy expanded at a modest pace.
- Dow of 13,344, is on a small pullback. Support is at 13,250. RSI of 44,is weakening.
- DOLLAR INDEX is higher at 80.1. Resistance is at 80.8.
- Crude oil is lower at USD91.2. Resistance is at 96.6.
- Dollar yen is lower at 78.1 yen. Support is at 77.6.
- Euro/dollar is lower at 1.285. Support is at 1.2700.
- Gold is lower at USD1760. Support is at 1700.
- Shanghai closed higher at 2,119.
- Singapore STI closed lower at 3,037.
- Ringgit is weaker at 3.080. Downside is at 3.09.
- S’pore ringgit is higher at 2.540. Upside is at 2.540.
- Malaysian market closed lower at 1659. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 62, is on a buy divergence. Today’s range is between 1656 and 1666.
- CPO Dec futures is higher at RM2450. Resistance is at 2574.
- Trading : HARBOUR ( 2062 : 0.99 ) : Targeting 1.10/Stop loss 0.95, SCOMIMR ( 7045 : 0.39 ) : Take profit, PERDANA ( 7108 : 0.88 ) : Targeting 1.04/Stop loss 0.85
Source:Jupiter Securities Research, 11 October 2012
Tuesday 9 October 2012
Morning Coffee - 10 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Drop Before Alcoa Report as IMF Cuts Forecast; sending the Standard & Poor’s 500 Index lower for a third day, after the International Monetary Fund cut estimates for global growth and investors awaited quarterly results from Alcoa Inc. (AA). The S&P 500 declined 1 percent to 1,441.48 as of 4 p.m. in New York. The Dow Jones Industrial Average fell 110.12 points, or 0.8 percent, to 13,473.53. Volume for exchange-listed stocks in the U.S. was 5.8 billion shares, or about in line with the threemonth average.
European Stocks Retreat as EU Finance Ministers Meet; for a second day as the region’s finance ministers gathered in Luxembourg to discuss the sovereign-debt crisis. The U.K.’s FTSE 100 slipped 0.5 percent, Germany’s DAX lost 0.8 percent, while France’s CAC 40 retreated 0.7 percent.
Oil Declines From One-Week High as Crude Stockpiles Seen Rising; before a government report that may show stockpiles climbed in the U.S., the world’s biggest crude user. Crude for November delivery decreased as much as 47 cents to $91.92 a barrel in electronic trading on the New York Mercantile Exchange and was at $91.97 at 10:10 a.m. Sydney time. The contract gained 3.4 percent yesterday to $92.39, the highest close since Oct. 1. Prices are down 6.9 percent this year.
CORPORATE NEWS
Two IPPs get 10-year extension; TNB to build Prai plant-The energy sector saw major announcements yesterday as the Energy Commission (EC) announced the extension of firstgeneration independent power producers' (IPPs) power purchase agreements (PPAs) and also awarded Tenaga Nasional Bhd (TNB) a contract to build and operate a RM3bil combined-cycle gas turbine (CCGT) Prai power plant.
RM93mil TM cable contract for Opcom; Opcom Holdings Bhd has been awarded an RM92.5mil contract from Telekom Malaysia Bhd to supply and deliver single mode optical fibre cables and other cables. The contract is for three years from Sept 28, 2012 till Sept 27, 2015.
StarbIz
Latexx surges on news of Semperit offer; Latexx Partners Bhd's shares jumped the most in almost four years after Austrian firm Semperit AG Holdings offered RM603 million to buy up the Perak-based glovemaker. Yesterday, Latexx shares on Bursa Malaysia surged 26 per cent to close at RM2.25.
Sunway REIT Management buys assets for RM310m; Sunway REIT Management Sdn Bhd, the management of Sunway Real Estate Investment Trust (Sunway REIT), has agreed to buy the Sunway Medical Centre building and the land it stands on for RM310 million. The deal will see Sunway REIT strengthening its position as the largest REIT by asset value from RM4.63 billion to more than RM4.9 billion.
Btimes
Source:Jupiter Securities Research, 10 October 2012
U.S. Stocks Drop Before Alcoa Report as IMF Cuts Forecast; sending the Standard & Poor’s 500 Index lower for a third day, after the International Monetary Fund cut estimates for global growth and investors awaited quarterly results from Alcoa Inc. (AA). The S&P 500 declined 1 percent to 1,441.48 as of 4 p.m. in New York. The Dow Jones Industrial Average fell 110.12 points, or 0.8 percent, to 13,473.53. Volume for exchange-listed stocks in the U.S. was 5.8 billion shares, or about in line with the threemonth average.
European Stocks Retreat as EU Finance Ministers Meet; for a second day as the region’s finance ministers gathered in Luxembourg to discuss the sovereign-debt crisis. The U.K.’s FTSE 100 slipped 0.5 percent, Germany’s DAX lost 0.8 percent, while France’s CAC 40 retreated 0.7 percent.
Oil Declines From One-Week High as Crude Stockpiles Seen Rising; before a government report that may show stockpiles climbed in the U.S., the world’s biggest crude user. Crude for November delivery decreased as much as 47 cents to $91.92 a barrel in electronic trading on the New York Mercantile Exchange and was at $91.97 at 10:10 a.m. Sydney time. The contract gained 3.4 percent yesterday to $92.39, the highest close since Oct. 1. Prices are down 6.9 percent this year.
CORPORATE NEWS
Two IPPs get 10-year extension; TNB to build Prai plant-The energy sector saw major announcements yesterday as the Energy Commission (EC) announced the extension of firstgeneration independent power producers' (IPPs) power purchase agreements (PPAs) and also awarded Tenaga Nasional Bhd (TNB) a contract to build and operate a RM3bil combined-cycle gas turbine (CCGT) Prai power plant.
RM93mil TM cable contract for Opcom; Opcom Holdings Bhd has been awarded an RM92.5mil contract from Telekom Malaysia Bhd to supply and deliver single mode optical fibre cables and other cables. The contract is for three years from Sept 28, 2012 till Sept 27, 2015.
StarbIz
Latexx surges on news of Semperit offer; Latexx Partners Bhd's shares jumped the most in almost four years after Austrian firm Semperit AG Holdings offered RM603 million to buy up the Perak-based glovemaker. Yesterday, Latexx shares on Bursa Malaysia surged 26 per cent to close at RM2.25.
Sunway REIT Management buys assets for RM310m; Sunway REIT Management Sdn Bhd, the management of Sunway Real Estate Investment Trust (Sunway REIT), has agreed to buy the Sunway Medical Centre building and the land it stands on for RM310 million. The deal will see Sunway REIT strengthening its position as the largest REIT by asset value from RM4.63 billion to more than RM4.9 billion.
Btimes
Source:Jupiter Securities Research, 10 October 2012
Stock Overview - IJMLAND - 10 Oct 2012
IJMLAND ( 5215 : 2.09 ) : Targeting 2.35/Stop loss 2.04
Description
Resistance : 2.35
Support : 2.04
RSI of 39
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
It is due for a technical rebound to 2.35
Trading Strategy
Buy. Stop loss is at 2.04
Source:Jupiter Securities Research, 10 October 2012
Description
Resistance : 2.35
Support : 2.04
RSI of 39
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
It is due for a technical rebound to 2.35
Trading Strategy
Buy. Stop loss is at 2.04
Source:Jupiter Securities Research, 10 October 2012
Stock Overview - FABER - 10 Oct 2012
FABER ( 1368 : 1.36 ) : Targeting 1.52/Stop loss 1.31
Description
Resistance : 1.52
Support : 1.31
RSI of 58
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
Following the consolidation breakout, it is heading for 1.52
Trading Strategy
Buy. Stop loss is at 1.31
Source:Jupiter Securities Research, 10 October 2012
Description
Resistance : 1.52
Support : 1.31
RSI of 58
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
Following the consolidation breakout, it is heading for 1.52
Trading Strategy
Buy. Stop loss is at 1.31
Source:Jupiter Securities Research, 10 October 2012
Stock Overview - ETITECH - 10 Oct 2012
ETITECH ( 0118 : 0.10 ) : Targeting 0.13/Stop loss 0.085
Description
Resistance : 0.13
Support : 0.085
RSI of 28
RSI is on a buy divergence
STOCHASTIC
It is oversold
Comment
With oversold technicals, it is due for a technical rebound to 0.13
Trading Strategy
Buy. Stop loss is at 0.085
Source:Jupiter Securities Research, 10 October 2012
Description
Resistance : 0.13
Support : 0.085
RSI of 28
RSI is on a buy divergence
STOCHASTIC
It is oversold
Comment
With oversold technicals, it is due for a technical rebound to 0.13
Trading Strategy
Buy. Stop loss is at 0.085
Source:Jupiter Securities Research, 10 October 2012
Stock Overview - BHIC - 10 Oct 2012
BHIC ( 8133 : 2.28 ) : Targeting 2.48/Stop loss 2.22
Description
Resistance : 2.48
Support : 2.22
RSI of 67
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current upmove is heading for 2.48
Trading Strategy
Buy. Stop loss is at 2.22
Source:Jupiter Securities Research, 10 October 2012
Description
Resistance : 2.48
Support : 2.22
RSI of 67
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current upmove is heading for 2.48
Trading Strategy
Buy. Stop loss is at 2.22
Source:Jupiter Securities Research, 10 October 2012
Daily Summary - 10 Oct 2012
YOUR MORNING COFFEE – Wednesday 10/10/2012
SUMMARY
SUMMARY
- Wall St closed 0.8% lower, cautiously ahead of the corporate earnings result season starting this week. Analysts are expecting the 3Q’2012 earnings for S&P to decline 1.2%.
- Dow of 13,473, is stabilising. Support is at 13,300. RSI of 52, is
- weakening.
- DOLLAR INDEX is higher at 80.0. Resistance is at 80.8.
- Crude oil is higher at USD92.4. Resistance is at 96.6.
- Dollar yen is lower at 78.3 yen. Support is at 77.6.
- Euro/dollar is lower at 1.286. Support is at 1.2700.
- Gold is lower at USD1763. Support is at 1700.
- Shanghai closed higher at 2,115.
- Singapore STI closed lower at 3,066.
- Ringgit is weaker at 3.074. Downside is at 3.09.
- S’pore ringgit is higher at 2.494. Upside is at 2.540.
- Malaysian market closed higher at 1663. On the Daily chart, it is
- targeting 1710 over a longer term. Support is at 1638. RSI of 64, is on
- a buy divergence. Today’s range is between 1658 and 1668.
- CPO Dec futures is higher at RM2435. Resistance is at 2574.
- Trading : FABER ( 1368 : 1.36 ) : Targeting 1.52/Stop loss 1.31, IJMLAND ( 5215 : 2.09 ) : Targeting 2.35/Stop loss 2.04, BHIC ( 8133 : 2.28 ) : Targeting 2.48/Stop loss 2.22, ETITECH ( 0118 : 0.10 ) : Targeting 0.13/Stop loss 0.085
Morning Coffee - 9 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Drop on Apple Slump as Europe Ministers Meet; following last week’s advance in benchmark indexes, after Apple (AAPL)Inc. paced a decline in technology companies and as European finance ministers met to discuss the region’s government debt crisis. The Standard & Poor’s 500 Index slid 0.3 percent to 1,455.88 at 4 p.m. New York time, after climbing 1.4 percent last week. The Dow Jones Industrial Average fell 26.50 points, or 0.2 percent, to 13,583.65. Volume for exchangelisted stocks in the U.S. was 4.1 billion shares, the lowest since July 3.
European Stocks Retreat Most This Month; Cookson Sinks; as the World Bank cut its East Asian growth forecast and investors awaited a meeting of euro-area finance ministers for signs on how they will tackle the debt crisis. The U.K.’s FTSE 100 Index slipped 0.5 percent, Germany’s DAX lost 1.4 percent and France’sCAC 40 (CAC) dropped 1.5 percent.
Oil Drops as WTI-Brent Spread Widens to Most in Year; widening its discount to Brent to the most in almost a year, after the World Bank said a slowdown in China will curb East Asian growth. Crude for November delivery dropped 55 cents to settle at $89.33 a barrel on the New York Mercantile Exchange.Prices are down 9.6 percent this year. Surging output from shale-rock formations in the U.S., including the Bakken in North Dakota, and Canada’s oil sands has bolstered supplies at Cushing, Oklahoma, the delivery point for WTI on the Nymex. Nationwide stockpiles were up 8.4 percent from a year earlier, the Energy Department reported last week.
CORPORATE NEWS
Ingress secures RM51.6mil jobs over 5 years; Ingress said the first project was the supply of heatshield mufflers for Perusahaan Otomobil Nasional Sdn Bhd (Proton), which was secured through its wholly-owned subsidiary Ingress Engineering Sdn Bhd.It said the second one was secured through its Indonesian subsidiary PT Ingress Malindo Ventures for the supply of brackets for PT Asahimas Flat Glass Tbk.
Decline in factory output; Malaysia's manufacturing activity in August is expected to decline to negative growth on weak demand due to a combination of recession and stubbornly high unemployment. Economists expect a median 2% decline in the industrial production index (IPI) for the month compared to a year ago when the Statistics Department releases the data on Thursday.
StarbIz
Hua Yang buys prime land in Puchong; via its wholly-owned subsidiary, Bison Holdings Sdn Bhd, has acquired 11.81ha of a prime land in Puchong from Mentari Hari Sdn Bhd, for a mixed development project worth RM1.52 billion in gross development value (GDV). The company entered a conditional sale-andpurchase agreement with Mentari Hari to acquire five vacant plots of leasehold land in Petaling district, Selangor, for RM158 million.
BIMB gets nod fortalks on Bank Islam buyout; Bank Negara Malaysia's nod to start talks with Dubai Financial Group (DFG) to buy out the latter's 30.5 per cent stake in Bank Islam Malaysia Bhd, the country's largest standalone Islamic lender. BIMB, which holds a 51 per cent stake in Bank Islam told Bursa Malaysia early yesterday that BNM had no objection to the talks taking place
Btimes
Source:Jupiter Securities Research, 9 October 2012
U.S. Stocks Drop on Apple Slump as Europe Ministers Meet; following last week’s advance in benchmark indexes, after Apple (AAPL)Inc. paced a decline in technology companies and as European finance ministers met to discuss the region’s government debt crisis. The Standard & Poor’s 500 Index slid 0.3 percent to 1,455.88 at 4 p.m. New York time, after climbing 1.4 percent last week. The Dow Jones Industrial Average fell 26.50 points, or 0.2 percent, to 13,583.65. Volume for exchangelisted stocks in the U.S. was 4.1 billion shares, the lowest since July 3.
European Stocks Retreat Most This Month; Cookson Sinks; as the World Bank cut its East Asian growth forecast and investors awaited a meeting of euro-area finance ministers for signs on how they will tackle the debt crisis. The U.K.’s FTSE 100 Index slipped 0.5 percent, Germany’s DAX lost 1.4 percent and France’sCAC 40 (CAC) dropped 1.5 percent.
Oil Drops as WTI-Brent Spread Widens to Most in Year; widening its discount to Brent to the most in almost a year, after the World Bank said a slowdown in China will curb East Asian growth. Crude for November delivery dropped 55 cents to settle at $89.33 a barrel on the New York Mercantile Exchange.Prices are down 9.6 percent this year. Surging output from shale-rock formations in the U.S., including the Bakken in North Dakota, and Canada’s oil sands has bolstered supplies at Cushing, Oklahoma, the delivery point for WTI on the Nymex. Nationwide stockpiles were up 8.4 percent from a year earlier, the Energy Department reported last week.
CORPORATE NEWS
Ingress secures RM51.6mil jobs over 5 years; Ingress said the first project was the supply of heatshield mufflers for Perusahaan Otomobil Nasional Sdn Bhd (Proton), which was secured through its wholly-owned subsidiary Ingress Engineering Sdn Bhd.It said the second one was secured through its Indonesian subsidiary PT Ingress Malindo Ventures for the supply of brackets for PT Asahimas Flat Glass Tbk.
Decline in factory output; Malaysia's manufacturing activity in August is expected to decline to negative growth on weak demand due to a combination of recession and stubbornly high unemployment. Economists expect a median 2% decline in the industrial production index (IPI) for the month compared to a year ago when the Statistics Department releases the data on Thursday.
StarbIz
Hua Yang buys prime land in Puchong; via its wholly-owned subsidiary, Bison Holdings Sdn Bhd, has acquired 11.81ha of a prime land in Puchong from Mentari Hari Sdn Bhd, for a mixed development project worth RM1.52 billion in gross development value (GDV). The company entered a conditional sale-andpurchase agreement with Mentari Hari to acquire five vacant plots of leasehold land in Petaling district, Selangor, for RM158 million.
BIMB gets nod fortalks on Bank Islam buyout; Bank Negara Malaysia's nod to start talks with Dubai Financial Group (DFG) to buy out the latter's 30.5 per cent stake in Bank Islam Malaysia Bhd, the country's largest standalone Islamic lender. BIMB, which holds a 51 per cent stake in Bank Islam told Bursa Malaysia early yesterday that BNM had no objection to the talks taking place
Btimes
Source:Jupiter Securities Research, 9 October 2012
Monday 8 October 2012
Stock Overview - KUCHAI - 9 Oct 2012
KUCHAI ( 2186 : 1.06 ) : Targeting 1.27/Stop loss 0.98
Description
Resistance : 1.27
Support : 0.98
RSI of 80
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
Following the consolidation breakout, it is heading for 1.27
Trading Strategy
Buy. Stop loss is at 0.98
Source:Jupiter Securities Research, 9 October 2012
Description
Resistance : 1.27
Support : 0.98
RSI of 80
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
Following the consolidation breakout, it is heading for 1.27
Trading Strategy
Buy. Stop loss is at 0.98
Source:Jupiter Securities Research, 9 October 2012
Stock Overview - KLCCP - 9 Oct 2012
KLCCP ( 5089 : 6.16 ) : Targeting 6.52/Stop loss 6.04
Description
Resistance : 6.52
Support : 6.04
RSI of 72
RSI is overbought
STOCHASTIC
It is overbought
Comment
The current upmove is heading for 6.52
Trading Strategy
Buy. Stop loss is at 6.04
Source:Jupiter Securities Research, 9 October 2012
Description
Resistance : 6.52
Support : 6.04
RSI of 72
RSI is overbought
STOCHASTIC
It is overbought
Comment
The current upmove is heading for 6.52
Trading Strategy
Buy. Stop loss is at 6.04
Source:Jupiter Securities Research, 9 October 2012
Stock Overview - CIMB - 9 Oct 2012
CIMB ( 1023 : 7.76 ) : Targeting 8.20/Stop loss 7.64
Description
Resistance : 8.30
Support : 7.64
RSI of 58
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 8.20
Trading Strategy
Buy. Stop loss is at 7.64
Source:Jupiter Securities Research, 9 October 2012
Description
Resistance : 8.30
Support : 7.64
RSI of 58
RSI is on the rise
STOCHASTIC
It is on an upswing
Comment
The current rebound is heading for 8.20
Trading Strategy
Buy. Stop loss is at 7.64
Source:Jupiter Securities Research, 9 October 2012
Daily Summary - 9 Oct 2012
YOUR MORNING COFFEE – Tuesday 9/10/2012
Source:Jupiter Securities Research, 9 October 2012
SUMMARY
- Wall St closed 0.2% lower, on worries over slowing growth. World Bank lowered Asia growth to 7.2% this year, and possibly 5% next year. Market is cautious ahead of the earnings results season starting this week.
- Dow of 13,583, is stabilising. Support is at 13,360. RSI of 61, is rebounding.
- DOLLAR INDEX is higher at 79.5. Support is at 78.7.
- Crude oil is lower at USD89.3. Resistance is at 96.0.
- Dollar yen is lower at 78.3 yen. Support is at 77.6.
- Euro/dollar is lower at 1.298. Resistance is at 1.329.
- Gold is lower at USD1777. Resistance is at 1900.
- Shanghai closed lower at 2,074.
- Singapore STI closed lower at 3,074.
- Ringgit is weaker at 3.065. Downside is at 3.09.
- S’pore ringgit is higher at 2.494. Upside is at 2.540.
- Malaysian market closed lower at 1660. On the Daily chart, it is targeting 1710 over a longer term. Support is at 1638. RSI of 63, is on a buy divergence. Today’s range is between 1656 and 1666.
- CPO Dec futures is lower at RM2392. Support is at 2330.
- Trading : KUCHAI ( 2186 : 1.06 ) : Targeting 1.27/Stop loss 0.98, CIMB ( 1023 : 7.76 ) : Targeting 8.20/Stop loss 7.64, KLCCP ( 5089 : 6.16 ) : Targeting 6.52/Stop loss 6.04
Source:Jupiter Securities Research, 9 October 2012
Morning Coffee - 8 Oct 2012
MARKET ROUNDUP (Source Bloomberg)
U.S. Stocks Erase Gains as Optimism Over Jobs Data Fades; as optimism about an unexpected drop in the American unemployment rate faded and Apple Inc. shares slumped. The Standard & Poor’s 500 Index fell less than 0.1 percent to 1,460.93 at 4 p.m. in New York, after climbing as much as 0.7 percent. The index rose 1.4 percent this week. The Dow Jones Industrial Average added 34.79 points, or 0.3 percent, to 13,610.15, the highest level since December 2007. Volume for exchange-listed stocks in the U.S. was 5.7 billion shares, or 4.6 percent below the three-month average.
European Stocks Post Weekly Advance on U.S. Jobless Rate; as the U.S. unemployment rate dropped to the lowest level since January 2009 and stress tests bolstered confidence in the Spanish banking system. Germany’s DAX index added 2.5 percent, the U.K.’s FTSE 100 gained 2.3 percent and France’s CAC 40 increased 3.1 percent.
Oil Caps Third Weekly Drop on Supply; as signals that supply is exceeding demand outweighed an unexpected decline in the unemployment rate. Crude oil for November delivery fell $1.83, or 2 percent, to settle at $89.88 a barrel on the New York Mercantile Exchange. Prices declined 2.5 percent this week.
CORPORATE
Sarawak Hidro set to commission turbines; is expected to commission the remaining four of the eight turbines at Bakun hydroelectric dam in second half-2013 to ramp up full-power generation capacity. Sarawak Hidro, developer of the RM7.3bil Bakun dam, sells hydro power to SEB's wholly-owned Syarikat SESCO Sdn Bhd for 6.25sen per kilowatt hour (kWh) with an annual hike rate of 1.5% for 30 years from 2011.
WCT announces internal reorganisation proposals; The company had proposed the exchange of the securities of WCTB with securities in a new investment holding company, WCT Holdings Sdn Bhd, which would be converted into a public limited company and to be named as WCT Holdings Bhd (WCTH).This would involve the one-for-one exchange of the entire issued and paid-up ordinary shares of 50 sen each in WCTB for ordinary shares of 50 sen each (after the share split) in WCTH, it said in a statement to Bursa Malaysia.
StarbIz
AirAsia keeps option open on KLIA2 switch; remains coy about a move to KLIA2, the new LCC terminal due to be completed in seven months. AirAsia Malaysia chief executive officer Aireen Omar said the decision will be based on whether the new airport is safe and functional and can facilitate the carrier's low-cost operation.
Malaysia investing heavily in healthcare; In 2013 Budget, the government will allocate RM20 million to establish 70 new 1Malaysia clinics next year. KPJ is a leading healthcare service provider in Malaysia, operating the country's largest network of 22 private specialist hospitals. It also has a presence in Indonesia with two hospitals in Jakarta and a retirement and aged-care resort called Jeta Gardens in Brisbane, Australia.
Btimes
Source:Jupiter Securities Research, 09 October 2012
U.S. Stocks Erase Gains as Optimism Over Jobs Data Fades; as optimism about an unexpected drop in the American unemployment rate faded and Apple Inc. shares slumped. The Standard & Poor’s 500 Index fell less than 0.1 percent to 1,460.93 at 4 p.m. in New York, after climbing as much as 0.7 percent. The index rose 1.4 percent this week. The Dow Jones Industrial Average added 34.79 points, or 0.3 percent, to 13,610.15, the highest level since December 2007. Volume for exchange-listed stocks in the U.S. was 5.7 billion shares, or 4.6 percent below the three-month average.
European Stocks Post Weekly Advance on U.S. Jobless Rate; as the U.S. unemployment rate dropped to the lowest level since January 2009 and stress tests bolstered confidence in the Spanish banking system. Germany’s DAX index added 2.5 percent, the U.K.’s FTSE 100 gained 2.3 percent and France’s CAC 40 increased 3.1 percent.
Oil Caps Third Weekly Drop on Supply; as signals that supply is exceeding demand outweighed an unexpected decline in the unemployment rate. Crude oil for November delivery fell $1.83, or 2 percent, to settle at $89.88 a barrel on the New York Mercantile Exchange. Prices declined 2.5 percent this week.
CORPORATE
Sarawak Hidro set to commission turbines; is expected to commission the remaining four of the eight turbines at Bakun hydroelectric dam in second half-2013 to ramp up full-power generation capacity. Sarawak Hidro, developer of the RM7.3bil Bakun dam, sells hydro power to SEB's wholly-owned Syarikat SESCO Sdn Bhd for 6.25sen per kilowatt hour (kWh) with an annual hike rate of 1.5% for 30 years from 2011.
WCT announces internal reorganisation proposals; The company had proposed the exchange of the securities of WCTB with securities in a new investment holding company, WCT Holdings Sdn Bhd, which would be converted into a public limited company and to be named as WCT Holdings Bhd (WCTH).This would involve the one-for-one exchange of the entire issued and paid-up ordinary shares of 50 sen each in WCTB for ordinary shares of 50 sen each (after the share split) in WCTH, it said in a statement to Bursa Malaysia.
StarbIz
AirAsia keeps option open on KLIA2 switch; remains coy about a move to KLIA2, the new LCC terminal due to be completed in seven months. AirAsia Malaysia chief executive officer Aireen Omar said the decision will be based on whether the new airport is safe and functional and can facilitate the carrier's low-cost operation.
Malaysia investing heavily in healthcare; In 2013 Budget, the government will allocate RM20 million to establish 70 new 1Malaysia clinics next year. KPJ is a leading healthcare service provider in Malaysia, operating the country's largest network of 22 private specialist hospitals. It also has a presence in Indonesia with two hospitals in Jakarta and a retirement and aged-care resort called Jeta Gardens in Brisbane, Australia.
Btimes
Source:Jupiter Securities Research, 09 October 2012
Sunday 7 October 2012
Stock Overview - IJM - 8 Oct 2012
IJM ( 3336 : 4.96 ) : Take profit
Description
Resistance : 5.05
Support : 4.88
RSI of 48
RSI is on the rise
STOCHASTIC
It is overbought
Comment
On the 28/9/2012 buy call at 4.73, we are recommending to take profit as technicals are approaching overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
Description
Resistance : 5.05
Support : 4.88
RSI of 48
RSI is on the rise
STOCHASTIC
It is overbought
Comment
On the 28/9/2012 buy call at 4.73, we are recommending to take profit as technicals are approaching overbought
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
Stock Overview - GOLSTA - 8 Oct 2012
GOLSTA ( 7105 : 0.90 ) : Take profit
Description
Resistance : 1.04
Support : 0.85
RSI of 85
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the 5/10/2012 buy call at 0.75, as it has gone above the 0.89 target, we are recommending to take profit due to the overbought technicals
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
Description
Resistance : 1.04
Support : 0.85
RSI of 85
RSI is overbought
STOCHASTIC
It is overbought
Comment
On the 5/10/2012 buy call at 0.75, as it has gone above the 0.89 target, we are recommending to take profit due to the overbought technicals
Trading Strategy
Take profit
Source:Jupiter Securities Research 08 October 2012
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