Stock Overview - DELEUM - 3 July 2012

DELEUM ( 5132 : 1.76 ) : Targeting 1.97/Stop loss 1.69

Description

Resistance : 1.80 1.97
Support : 1.69

RSI of 65
RSI is on the rise

STOCHASTIC
It is riding on an upswing

Comment
Following the upkick yesterday, it is heading higher to 1.97

Trading Strategy
Buy. Stop loss is at 1.69

Source:Jupiter Securities Research 03 July 2012

Daily Summary - 3 July 2012

YOUR MORNING COFFEE – Tuesday 3/7/2012

SUMMARY

• Wall St closed 0.1% lower following the contraction of manufacturing for the first time in 3 years. ISM’s PMI dipped to 49.7, from 53.5, in June. US construction spending increased 0.7% in May. Overall,market is likely to be quiet ahead of 4 July holiday, and job report Friday.
• Dow of 12,871, is heading higher to target 13,300. RSI of 59, is on the rise.
• DOLLAR INDEX is higher at 81.8. Resistance is at 81.0.
• Crude oil is lower at USD83.7. Resistance is at 89.4.
• Dollar yen is lower at 79.4 yen. Upside is at 80.6.
• Euro/dollar is lower at 1.258. Resistance is at 1.310.
• Gold is lower at USD1596. Upside is at 1740.
• Shanghai closed higher at 2,226.
• Singapore STI closed higher at 2,911.
• Ringgit is firmer at 3.165. Downside is at 3.210.
• S’pore ringgit is lower at 2.494. Upside is at 2.520.
• Malaysian market closed higher at 1600. On the Daily chart, it is targeting 1614. Pullback support is at 1591. RSI of 60, remains positive. Today’s range is between 1598 and 1608.
• CPO Aug futures is higher at RM3056. Upside is at 3211.
• Trading : UNISEM ( 5005 : 1.44 ) : Take profit ,KEURO ( 3565 : 1.05 ) : Targeting 1.16/Stop loss 1.00, DELEUM ( 5132 : 1.76 ) : Targeting 1.97/Stop loss 1.69, PERISAI ( 0047 : 0.87 ) : Targeting 0.96/Stop loss 0.85

Source:Jupiter Securities Research 03 July 2012

Technical stock picks table - 2 July 2012

Monday, 2 July 2012

Stock code / Price Action : Date Stop loss Target Comment

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

Source:Jupiter Securities Research 02 June 2012

Morning Coffee - 2 July 2012

MARKET ROUNDUP (Source Bloomberg)

U.S. Stocks Rally To Give Dow Best Month Since October: amid optimism an agreement by European leaders on banks will help contain the region’s debt crisis. The S&P 500 advanced 2 percent to 1,362.16 during the week, extending its increase in June to 4 percent, the most since February. The Dow gained 239.31 points, or 1.9 percent, to 12,880.09 for the week, finishing the month up 3.9 percent.

European Stocks Climb For A Fourth Week On EU Agreement: as the region’s leaders agreed to address flaws in their bailout programs to ease the sovereign-debt crisis. The U.K.’s FTSE 100 increased 1 percent, France’s CAC 40 rose 3.4 percent and Germany’s DAX added 2.4 percent.

Oil Surges Most In More Than A Year On European Agreement: on optimism that Europe’s debt crisis may be contained after leaders agreed to ease repayment rules for emergency loans to Spanish banks and relax conditions on help
for Italy. Oil for August delivery gained $7.27 to settle at $84.96 a barrel on the New York Mercantile Exchange. It was the biggest increase since March 12, 2009, when the market surged 11 percent on speculation OPEC would cut output
targets. Prices are down 14 percent this year and have dropped 18 percent this quarter.

CORPORATE NEWS

EPMB keen to acquire MEX despite no govt nod: On June 13, the Prime Minister's Department told Parliament that no permission had been given for the deal due to several policy matters related to the highway concession that must be studied by the government. The proposed RM1.7 billion deal, which was first announced on March 16, has come under heavy criticism including from former prime minister Tun Dr Mahathir Mohamad, who claimed that the concessionaire had profited from government assistance, and questioned its fairness. The government had provided a grant of nearly RM1 billion towards the cost of the highway construction.

SunBiz

AirAsia has LCCT backup plan: will likely shift to its other hubs in Malaysia should the budget carrier decide not to move to the new low-cost carrier terminal, KLIA2. Besides Kuala Lumpur, the budget carrier has hubs in Sabah (Kota Kinabalu International Airport), Sarawak (Kuching International Airport), Johor (Senai International Airport), Penang (Penang International Airport) as well as a virtual hub in Singapore (Changi International Airport).

Celcom's broad plan to clinch top position: Over the past six years, Celcom, a wholly-owned unit of Axiata Group Bhd, remains as the only mobile operator that registered revenue growth every quarter - even at a time when the industry was hit by the global economic slowdown and it was experiencing a decline in voice revenue. As at March 31, 2012, it posted its 24th consecutive quarters of growth.

Btimes

PTP investing RM1.4bil to make Port of Tanjung Pelepas more competitive: over the next three years in new cranes, electrifying existing rubber-tyred gantries (RTGs) and building new berths. PTP along with six other international ports (Felixstowe, Bremerhaven, Rotterdam, Yantian, Shanghai and Ningbo) selected by Maersk Line for their “Daily Maersk” programme will have to build new cranes in order to accommodate these vessels.

Muhibbah’s worst-case scenario: he worst-case scenario for Muhibbah Engineering Bhd, should it not be paid the RM399.5mil owed to it by Asia Petroleum Hub Sdn Bhd (APH), is that it would simply be a provision for bad debt in its books. Reputable engineering firm Muhibbah found itself mired in the
middle of the APH saga when the project reached a stumbling block back in 2009. Muhibbah was appointed contractor for the terminal and piling works for the RM1.4bil proposed storage and bunkering facility promoted by APH during the administration of former prime minister Tun Abdullah Ahmad Badawi.

StarBiz


Source:Jupiter Securities Research 02 June 2012

Stock Overview - MULPHA - 2 July 2012

MULPHA ( 3905 : 0.41 ) : Targeting 0.47/Stop loss 0.40

Description

Resistance : 0.47
Support : 0.40

RSI of 51
RSI is on a positive divergence

STOCHASTIC
It is riding on an upswing

Comment
The recent correction has ended at 0.40. It is on a technical rebound to 0.47

Trading Strategy
Buy. Stop loss is at 0.40

Source:Jupiter Securities Research 02 July 2012

Stock Overview - HAPSENG - 2 July 2012

HAPSENG ( 3034 : 1.79 ) : Targeting 2.00/Stop loss 1.72

Description

Resistance : 1.87 2.00
Support : 1.75

RSI of 61
RSI is on a positive divergence

STOCHASTIC
It is riding on an upswing

Comment
The sharp upkick is heading for 1.87, and possibly 2.00

Trading Strategy
Buy. Stop loss is at 1.72

Source:Jupiter Securities Research 02 July 2012

Daily Summary - 2 July 2012

YOUR MORNING COFFEE – Monday 2/7/2012

SUMMARY

• Wall St closed 2.2% higher as EU has managed to agree on a deal to help recapitalisation of banks. Chicago PMI rose to 52.9. Consumer sentiment index dipped to 73.2.
• Dow of 12,880, is heading higher to target 13,300. RSI of 59, is on the
• rise.
• DOLLAR INDEX is lower at 81.7. Resistance is at 81.0.
• Crude oil is higher at USD84.9. Resistance is at 89.4.
• Dollar yen is higher at 79.7 yen. Upside is at 80.6.
• Euro/dollar is higher at 1.264. Resistance is at 1.310.
• Gold is higher at USD1598. Upside is at 1740.
• Shanghai closed higher at 2,225.
• Singapore STI closed higher at 2,884.
• Ringgit is firmer at 3.160. Downside is at 3.210.
• S’pore ringgit is lower at 2.494. Upside is at 2.520.
• Malaysian market closed higher at 1599. On the Daily chart, it is targeting 1614. Pullback support is at 1591. RSI of 60, remains positive. Today’s range is between 1600 and 1614.
• CPO Aug futures is higher at RM3010. Upside is at 3211.
• Trading : MULPHA ( 3905 : 0.41 ) : Targeting 0.47/Stop loss 0.40, HAPSENG ( 3034 : 1.79 ) : Targeting 2.00/Stop loss 1.72

Source:Jupiter Securities Research 02 July 2012