工業能源價漲‧馬製鋁（ALCOM)前路難行

馬製鋁廠（ALCOM, 2674, 主板工業產品組）坦言，年初落實的東盟自由貿易協定和政府近期調漲工業能源價格對公司造成雙重打擊，尤其中國競爭者的出現提昇產品價格的敏感性，讓公司無從轉嫁額外成本，未來前景困難重重。

公司董事經理賽辛沙布在股東大會後指出，中國競爭對手原已具備顯著的成本優勢，加上電費和天然氣價格近期突然調漲，無形中削減公司在自由貿易環境中的競爭能力。

他直言，國內工業電費價格原已在區域國家中名列前矛，加上近期調漲，電費價格甚至已超越日本，對高耗電領域業者來說無疑是非常沉重的負擔。

“此外，歐美經濟情況非常波動，也可導致影電子產品需求暫時放緩，進而拖累錫品需求，但由於公司產品主要靠亞洲市場支撐，相信中長期需求將維持穩定。”

慶幸的是，全球復甦憂慮拉低原料價格，讓錫價自每公噸近2萬6千美元高峰回落至目前約2萬3千至2萬4千美元，多少緩和成本壓力。

賽辛認為，身處自由貿易市場，落實成本轉嫁顯得非常困難，只能透過提昇營運效率和開拓新市場來穩定賺幅和盈利表現。

資本開銷2千萬

他表示將在今年內撥出2千萬令吉資本開銷，主要用於安裝新機械設備，希望藉此提昇產品種類，將涉及層面擴大至賺幅較高的高級市場，提昇整體賺幅。

探討節能方案

“我們也會探討各種節能方案，減少能源使用量，以及進一步開發台灣、韓國和印度市場，藉此在惡劣的經營環境中站穩陣腳。

國油(PETRONAS)首季淨利217億‧上繳政府120億股息

在國際油價飆漲帶動下，國家石油公司宣佈首季淨利增長48.6%至217億令吉，同時將派發120億令吉股息給政府。

不過，國油針對下一季（第二季）業績發出盈利預警，因從次季開始至2012年，油價將隨全球經濟放緩而回落，從而打擊該公司的盈利表現。

國油總裁兼首席執行員拿督三蘇阿查哈在業績匯報會上表示，截至6月杪的首季營業額按年增長24.6%至730億令吉，營運盈利賺幅增長3.7%至46.7%。

國油首季的總資產增加2.3%至4千492億令吉，負債率增加0.6%至14.5%，以及借貸增加2.9%至492億令吉。

次季全球成長料跌至3.8%

三蘇阿查哈表示，今年首季全球經濟成長為4.3%，預測第二季滑落至3.8%，顯示成長看跌及影響油價。

“合理原油價格應介於80至85美元間。”

他表示，國油併購行動將是以機會導向，目前沒有固定目標或併購準備款額。

在派息政策方面，他表示，國油是在公司法令注冊公司，所以，派發股息是由國油董事部決定。

他說，雖然目前借貸率偏低，國油暫時不需要向市場融資。

他也解釋說，政府津貼國內天然氣（每年約200億令吉），造成目前天然氣短缺主因之一。

全球經濟放緩國油發盈利警報

三蘇對國油下一季的業績發出盈利警報，主要是預期全球經濟成長放緩，從而減少市場對石油的需求。

他說，雖然在國際油價高企的推動下，國油首季業績保持良好，不過，種種跡象顯示，從次季至2012年，預料油價將隨全球經濟成長放緩而下滑。

他指出，今年首季全球經濟成長為4.3%，預測第二季滑落至3.8%。

“美國經濟仍然疲弱，之前採取的量化寬松貨幣政策（QE1及QE2）效果不彰，而目前市場正關注會否推出QE3。”

他表示，國油7月份的部分數據顯示，次季表現肯定較弱，並可能延伸至2012年，因為油價走高的“舞會”將要結束。

他補充，箇中因素包括美國主權評級首次被降級，國際油價從今年約100至110美元的高峰，跌至目前約80多美元水平，加上歐盟債務危機擴散等，都是油價走勢回軟主因。

合理油價應為80美元

三蘇表示，若從市場的基本因素考量，預料合理的國際原油價格應介於80至85美元間。目前國油未來的規劃及財政預算皆以每桶原油價80美元為准。

“世界最大石油輸出國的沙地阿拉伯，也是以此為預算底價，所以，一旦跌至80美元，預料會有一些支撐。”

最新消息是，利比亞強人卡達菲正要逃亡，反對派掌權後的該國石油供應，據一些生產商表示會在3個月里恢复正常，預料這將拉低國際石油價格。

利率低併購良機

談到國油併購計劃，三蘇表示，無可否認，在目前全球利率超低時刻，實是進行併購的好時機，不過，國油的併購是採取機會導向為主，若是有良機及價格合理，將會加以考慮，惟目前沒有固定目標或併購準備款額。

他表示，至今為止，國油無意要在市場進行籌資計劃，暫時會保持現況。

消費者愛用便宜電力
津貼造成天然氣短缺

談到國內天然氣供應不足的問題，三蘇認為，國油早從2007年即向有關方面包括國家能源（TENAGA,5347,主板貿服組）等發出警報，而今年國油進行維修天然氣設施，才正式爆發缺短問題。

此事也導致首季的國內天然氣銷售額減少12.9%至2千275單位（百萬標准熱能單位／每日）。

嚴重扭曲實際供需情況

“政府津貼國內天然氣（每年約200億令吉）的做法，是無以為繼的，因為它嚴重扭曲實際的供需情況。

“就是因為天然氣有津貼變得便宜，使大家專用便宜很多的天然氣（與其他燃料比較），這才是造成目前天然氣短缺主因。”

他表示，政府的津貼包括為外國直接投資者提供天然氣的津貼，反使業者欠缺效率。

“消費者應該給於教育，就是沒有白吃的午餐，不能繼續存有使用便宜電力、水供及天然氣等思維。”

不過，他也承認，要取消這些津貼，需要很大的政治意願才可行。

他指出，政府已表示會檢討天然氣津貼問題，並計劃在2015年時達到市場水平。

每6個月檢討天然氣價格

今年6月，政府首次調整天然氣價格，接著每6個月檢討一次直至2015年。

他表示，為解決國內天然氣短缺問題，國油從印尼及泰國邊境進口天然氣應付國內市場需求。同時，最新在北馬盤地投資150億令吉開發天然氣計劃，預料在2013年開始生產100天然氣單位產量，至2015年增加至250單位的產量。

甲再液化天然氣設施

明年完成另一方面，三蘇表示，坐落在馬六甲及耗資13億令吉的再液化天然氣設施，預料在2012年7月間完成，特別是配合明年6月在大馬舉行的國際天然氣大會時落實，大會將有逾2萬名外國人參與。

外資拋售‧印尼持股影響‧聯昌9CIMB)瀉35仙寫1年新低

受外資拋售，以及印尼銀行外資持股上限因素影響，聯昌集團（CIMB, 1023, 主板金融組）連日走跌，週四股價一度下挫4.87%至7令吉23仙的1年新低。

該股以跌10仙的7令吉50仙開盤，隨後在洶湧賣盤衝擊下，一度下跌4.87%或37仙至7令吉23仙，創下2010年8月16日以來最低股價，最後收報7令吉25仙，跌35仙或4.61%。

瑞士信貸（Credit Suisse）指出，高外資持股、資金市場曝露和印尼銀行外資持股上限等因素將影響股價表現，下調評級從“超越大市”至“中和”。

分析員指出，截至6月杪，聯昌集團外資持有高達42.9%股權，外資近期已自亞洲市場撤退，若外資決定撤離馬股，難免引發聯昌的龐大拋壓。

“此外，印尼銀行持股上限問題未解，為盈利前景蒙上陰影，相信現有股價反映潛在削減印尼聯昌商業銀行股權可能。”

他說，目前，印尼業務佔聯昌稅前盈利29%，若印尼中行限制外資持有銀行股權50%以下，將對淨利帶來衝擊。假設聯昌將印尼聯昌商業銀行持股降低至40%，可能導致2012財政年淨利萎縮12%。

詢及為何馬來亞銀行（MAYBANK, 1155, 主板金融組）跌幅相對較輕，他認為，馬銀行現外資持股逾10%，加上印尼國際銀行對集團業務貢獻不大，因此整體下跌風險較聯昌來得小。

此外，分析員認為，銀行業向來被視為經濟晴雨表，但隨著市場對美國經濟陷入雙底衰退，甚至全球經濟復甦乏力隱憂重現，促使投資者開始憂慮銀行資產表現將出現惡化。

“雖然馬銀行和聯昌資產品質都有所改善，但馬銀行第二季呆賬率為3.35%，貼近領域平均的3%，相反聯昌呆賬率高達5.7%，與領域平均仍有距離。”

US MARKET BREAKING NEWS 26/8

1.Second-Quarter Economic Growth Revised Down to 1.0%, Slightly Less than Expected; Corporate Profits Up 0.8% in 2Q.


2. Stocks opened lower Friday following a weaker-than-expected second quarter GDP report and as investors cautiously waited for Bernanke's speech at a banking conference in Jackson Hole, Wyoming.

3.Consumer Sentiment Sinks to 55.7 in August, In Line with Estimates and Better Than Earlier in the Month.


4. Bernanke Stays the Course, Says Fed To Consider Additional Tools in September.

5. Stocks gained in a choppy session Friday after Bernanke said the Fed remains ready to use additional tools to help the economic recovery, but stopped short of explicit talk of another round of monetary easing. Techs rose, while the volatility index plunged.
 

6. Stocks finished higher in a volatile session Friday after after Bernanke's speech raised hopes that the Fed may consider further stimulus measures to boost the economy during an extended policy meeting next month.

 

7. New York Orders Mandatory Evacuation of People Living in Low-Lying Areas of City.

Stocks finished higher in a volatile session Friday after after Bernanke's speech

Stocks finished higher in a volatile session Friday after after Bernanke's speech raised hopes that the Fed may consider further stimulus measures to boost the economy during an extended policy meeting next month.

The major indexes snapped a four-week losing streak and logged its best week in eight.

Major U.S. Indexes

	Last	Today's % Change	1 Week % Change	MTD % Change	YTD % Change
Dow	11284.54	1.21%	4.32%	-7.07%	-2.53%
NASDAQ	2479.85	2.49%	5.89%	-10.03%	-6.52%
S&P 500	1176.80	1.51%	4.74%	-8.94%	-6.43%
Russell 2000	691.79	2.58%	6.15%	-13.20%	-11.72%
CBOE VIX	35.59	-10.49%	-17.33%	40.95%	100.51%

The Dow Jones Industrial Average rallied 134.72 points, or 1.21 percent, to finish at 11,284.54. The Dow plunged almost 220 points in a knee-jerk reaction immediately after Bernanke started his speech, but quickly pared their losses.

The S&P 500 gained 17.53 points, or 1.51 percent, to end at 1,176.80. The Nasdaq climbed 60.22 points, or 2.49 percent, to close at 2,479.85.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished below 36.

For the week, the Dow jumped 4.32 percent, the S&P surged 4.74 percent, while the Nasdaq soared 5.89 percent. Bank of America [BAC  7.76    0.11  (+1.44%)   ] was the biggest gainer on the blue-chip index for the week, while Travelers [TRV  48.30    0.31  (+0.65%)   ] was the only decliner.

All 10 S&P sectors were positive for the week, led by techs, while utilities gained the least.

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Federal Reserve Chairman Ben Bernanke said the Fed is ready to use additional tools to help the economy, but he stopped short of talk of another round of monetary easing. Bernanke said the Fed will meet for an extra day in September to discuss its options to provide additional monetary stimulus, among other topics.

While Bernanke expects growth to pick up in the second half of the year, if signs of a recovery fail to materialize in the near-term, the FOMC may consider additional policy tools at its September meeting.

“[Bernanke] outsmarted Wall Street,” said Todd Schoenberger, managing director of LandColt Trading. “His speech was plain vanilla and his plan was not to have a plan … He basically gave us a carrot so that we can hold our breath for the next month.”

This time last year, Bernanke laid the groundwork for the Fed's $600 billion bond-buying program to revive the economy, also known as QE2. 

• Special Report: Jackson Hole 2011
• Poll: Can Bernanke Keep Economy Growing?

“I like that [the Fed] stood tall and didn’t give into the financial panic,” James Paulsen, chief investment strategist at Wells Capital Management told CNBC. “If they had acted, it would have been a sign that the Fed is nervous and it would have scared investors,” Paulsen added. “So I’m optimistic that this is a good outcome.” 

Breaking news from Jackson Hole

More than just car insurance. Well, it was no news is sort of good news from Jackson Hole today. Fed chairman Ben Bernanke not really opening the new door to any economic intervention. That initially sparked a knee-jerk sell-off reaction but now investors seem to be okay with that.SteveLeisman is in Jackson Hole. Steve, what's the latest? I'm here with an enormous amount of brain power on the stage. Barry Ikengreen, and thenSteveIchiketi.
Barry, your thoughts on Ben Bernanke's speech this morning?
Bernanke signaled that he personally would like to do more, I think. that's what you heard. he pointed to the problem of structural unemployment, long-term unemployment and he signaled that they're going to have an exceptional two-day meeting in September which is an opportunity to build a consensus.
Was there no significance in the fact that he didn't list the options out there or really specify a preference?
I think the Fed and Ben have listed the options in the past.They need to move now to build a coalition on theFOMC to take action and that can't happen before September.
You just delivered a very provocative paper inside the meeting there in which you sort of confirm and expand the work done that said that at some form of 90% is when these economies reach a tipping point.I guess the question for you, is the United States and Europe, are they at that tipping point in your opinion?
What we try to say first of all that debt is good for a while, then it can become bad. It becomes -- first it is an accelerant for growth, then it becomes a sort of retarding factor.I think the problem is that if you look at the advanced economies around the world, many of them have already passed this sort of 85, 90 percentage point of GDP  level. I wouldn't point to one or two countries in particular, I'd point to the advanced world overall and say that we are on a trajectory right now that's going to be very, very hard to reverse an we have to work even harder than we thought. Couple quick things. you didn't find a whole lot of impact from high household debt or high corporate debt. It was really the government debt that tends to retard growth. government debt is certainly worse than the other ones but the other ones, you're going to hit a tipping point there, too. Think we just don't have quite enough information yet on what's been happening around the world to give us enough confidence in the results we have on those other kinds of debt.
Barry, as you look back at the world's currency system, how much of a mess is it and are there a couple of things that you think can be done inside by the guys in there to fix it?
The global economic system is organized around two national currencies -- the Dollar and Euro. Put them together and they account for 90% of foreign exchange reserves. Put them together and they account for 90% of foreign exchange transactions. 
So what needs to be done teed to be done in the U.S. and Europe.
 The united states needs to restore confidence in the Dollar and repair the damage that was done by the debt ceiling debate and the S&P downgrade. The Europeans need to draw a line under their crisis. Very easy to state in those general terms but there is a lot of hard work to be done.
Is there any hope at all that some of this stuff gets done or do you think we are moving to a place of competitive devaluation?How much of a danger is that?
  I don't think competitive devaluation is the way out but emerging markets are the strong economies at the moment. They have the strong currencies so there is an argument for both the Dollar and the Euro trending downward against emerging market currencies over time. That's what we're inevitably going to see.
Steve, I need you to put another hat on. You're the guy responsible -- one of the goiz responsi guys re for these charges banks will have for being big. is that progressing as planned to move to approval by the g-20 in November?
I think the basel committee on banking supervision and people who oversee them have come to an agreement on that. I think that the agreement is fair and i think most of the big banks in the world of really large global banks are basically from what i can tell already at points where they're going to be able to meet those without too much difficulty. I think at this point the higher capital requirements and the improvements in the loss absorbing capacity of balance sheets of banks, Something that everybody agrees they need to have, even their own managers and shareholders. so this is something that I really think is well on the way and we are trying to move on to the next difficult challenges. Thank you both very much for joining us. From Jackson Hole, I think we from Jackson Hole, I think we are coming back around 4:00 with John Lipske, the first deputy managing director of the international monetary fund.

Bursa Malaysia Trade Statistics 25 Aug 2011

Macro and Corporate News
Bursa Malaysia Trade Statistics 25 Aug 2011
                        Participation     Bought     Sold             Net
                        %                     RMm       RMm           RMm
Local Insts       48.5                  949.0      1011.8         -62.8
Local Retail      22.6                 495.2       418.1          77.1
Foreign            28.9                  578.0       592.3          -14.3
                       100.0                2022.2     2022.2       0.0
Source: Bursa Malaysia

US MARKET BREAKING NEWS 25/8

1. Jobless Claims Rise More than Expected, Up 5,000 to 417,000, Estimates Called for Decline of 3,000.


2. Berkshire Hathaway to Invest $5 Billion in Bank of America.

3. The Dow gained at the open Thursday as Berkshire Hathaway said it will invest $5 billion in Bank of America. However, Apple declined, after CEO Steve Jobs announced his resignment.

4. DAX Moves Off Session Lows After Fitch, Moody's, and S&P Reaffirm Germany's AAA Debt Rating

5. Stocks continued to slide Thursday, dragged by the European markets amid chatter that a short-selling ban may be inacted in Germany and as investors remained cautious ahead of Bernanke's Jackson Hole speech at the end of the week. 

BofA jumped, while Apple slipped.


6.  Stocks closed near session lows Thursday, reversing three days of gains, as investors remained cautious ahead of Bernanke's Jackson Hole speech on Friday. BofA rallied almost 10% and gold rebounded amid uncertainties over European markets.

Bursa Malaysia Trade Statistics –24 Aug 2011

Bursa Malaysia Trade Statistics –24 Aug 2011
                         Participation      Bought          Sold           Net
                          %                     RMm            RMm       RMm
Local Insts         45.0                 955.3            715.0       240.3
Local Retail       23.3                  429.0            435.9      -6.9
Foreign              31.7                 473.0            706.4       -233.4
                         100.0                1857.3         1857.3      0.0
Source: Bursa Malaysia

US MARKET BREAKING NEWS 24/8

1. US Mortgage Applications Fall to Nearly 15-Year Low

2. Durable Goods Jump Much More than Expected, Up 4.0% in July, Analysts Expected 2.0% Increase

3. Stocks opened lower Wednesday, led by energy, as investors continued to worry over the global economy. BofA gained after Raymond James reiterated its "strong buy" rating on the firm.

4. Crude Oil Inventoreies Fell 2.2M Barrels, Gasoline Inventories Rose 1.4M Barrels; Gold Prices Down Nearly 3%

5.Google Reaches $500 Million Settlement With US Government: New York Times.

6. Stocks see-sawed between small gains and losses Wednesday as investors were encouraged by a stronger-than-expected durable goods orders report, but remained cautious ahead of Federal Reserve Chairman Ben Bernanke's Jackson Hole speech at the end of week.

7. Stocks rallied to close higher for the third session in choppy trading Wednesday, but investors remained cautious ahead of Federal Reserve Chairman Ben Bernanke's Jackson Hole speech at the end of week. BofA surged 11%, while gold settled below $1,760 an ounce.

8. Steve Jobs resigned as the CEO of Apple, the company he founded and helped turn into a tech titan. The board named Tim Cook, the company's chief operating officer, as his successor.

Bursa Malaysia Trade Statistics – 22 Aug 2011

Bursa Malaysia Trade Statistics – 22 Aug 2011
                         Participation     Bought      Sold         Net
                         %                     RMm       RMm        RMm
Local Insts        48.5                  824.7       799.1        25.6
Local Retail       25.2                 439.3       401.9         37.4
Foreign             26.3                  408.4       471.4        -63.0
                        100.0                 1672.4    1672.4       0.0
Source: Bursa Malaysia

US MARKET BREAKING NEWS 22/8

1. Stocks finished flat in thin, choppy trading Monday, erasing most of the session's earlier rally as traders were hesitant to fully jump in without any proper market conviction.

 

2. Stocks shaved their earlier gains in thin-volume trading Monday as the lack of market conviction hindered traders from jumping in. H-P rallied, BofA slumped.

 
3. Stocks jumped at the open Monday, helped by gains in the European markets and after all three major averages logged their biggest four-week decline since Mar. 2009 in the previous week.
 

Bursa Malaysia Trade Statistics – 16 Aug 2011

Bursa Malaysia Trade Statistics – 16 Aug 2011
                         Participation     Bough            Sold              Net
                         %                     RMm            RMm             RMm
Local Insts         50.9                 1117.2         891.5             225.7
Local Retail       27.8                  522.0           576.9             -54.9
Foreign              21.3                  334.4           505.2             -170.8
                         100.0                1973.6        1973.6             0.0
Source: Bursa Malaysia

US MARKET BREAKING NEWS 16/8

1. German Second-Quarter GDP Weaker Than Expected, up 0.1% Quarter-to-Quarter vs. Forecast of 0.5%

2. Home Depot Earns 86 Cents Per Share in Q2 vs 83 Cents Per Share Forecast

3. Wal-Mart Profit of $1.09 a Share Tops Forecasts by a Penny; Retailer Raises Full-Year Profit Guidance.

4. July Housing Starts Off 1.5%, Less Than Expected; Permits Down 3.2%, Import Prices Up 0.3%, More Than Consensus.

5. Industrial Production Surges 0.9% on Auto Sector Rebound.

6. Stocks opened lower Monday amid worries over a global economic slowdown after a weaker-than-expected GDP report from Germany, but trimmed some of its pre-market losses following Fitch's affirmation on U.S.'s AAA credit rating and positive a industrial production report..

7. Stocks came off session lows Tuesday, ahead of French President Nicolas Sarkozy and German Chancellor Angela Merkel's press conference in Paris to discuss what further measures they can take to contain the European debt crisis.

8. Stocks staged a late-day comeback from session lows Tuesday after traders were disappointed by comments from Sarkozy and Merkel, but the gains were not enough for the market to finish in positive territory. Banks finished sharply lower, while retailers rallied.

 

Bursa Malaysia Trade Statistics – 15 Aug 2011

Bursa Malaysia Trade Statistics – 15 Aug 2011
                      Participation     Bought     Sold         Net
                      %                     RMm      RMm        RMm
Local Insts     50.0                 766.8       685.1       81.7
Local Retail    29.7                 407.8      453.9       -46.1
Foreign          20.3                  276.3      311.9       -35.6
                     100.0                1450.9     1450.9      0.0
Source: Bursa Malaysia

Bursa Malaysia Trade Statistics – 12 Aug 2011

Bursa Malaysia Trade Statistics – 12 Aug 2011
                       Participation     Bought     Sold          Net
                       %                    RMm        RMm        RMm
Local Retail     44.2                900.8        668.1        322.7
Local Insts      25.7                 427.4        535.3       -107.9
Foreign           30.1                 456.7        671.5       -214.8
                       100.0              1874.9      1874.9      0.0
Source: Bursa Malaysia

Bursa Malaysia Trade Statistics 11 Aug 2011

Bursa Malaysia Trade Statistics 11 Aug 2011
                       Participation     Bought     Sold         Net
                       %                    RMm        RMm       RMm
Local Retail     28.0                647.3        639.4       7.9
Local Insts      47.3                1205.4      971.8        233.6
Foreign           24.7                446.9        688.4        -241.5
                      100.0              2299.6      2299.6       0.0
Source: Bursa Malaysia

BREAKING NEWS

1. Jobless Claims Post Surprise Decline, Down by 7,000 to 395,000, Survey Expected Claims to be Unchanged.

2. Stocks opened sharply higher in another volatile session Thursday,  although investors remained cautious over the ongoing banking problems in Europe.

 

3. France & Italy to Impose Short-Sellling Ban Tonight: Source

 

4. Stocks were higher across the board in another volatile session Thursday as investors snapped up beaten-down sectors, but continued to monitor ongoing developments in the euro zone. Cisco jumped more than 15 percent to lead the Dow gainers, while gold prices dropped more than 2 percent.

 

5. Stocks surged sharply across the board Thursday, with the S&P and Nasdaq wiping out the previous session's losses, as investors snapped up beaten-down sectors. Financials surged over 6 percent, while the volatility index tumbled 8 percent.

6. The European market authority announced plans to ban some short selling in Belgium, France, Italy and Spain.

Bursa Malaysia Trade Statistics – 9 Aug 2011

Bursa Malaysia Trade Statistics – 9 Aug 2011
                       Participation     Bought       Sold       Net
                       %                     RMm        RMm     RMm
Local Retail     32.7                1085.6      1272.0    -186.4
Local Insts      46.6                 2131.2      1220.4    910.8
Foreign           20.7                 381.7        1106.1    -724.4
                      100.0                3598.5      3598.5    0.0
Source: Bursa Malaysia

Bursa Malaysia Trade Statistics – 8 Aug 2011

Bursa Malaysia Trade Statistics – 8 Aug 2011
                       Participation     Bought    Sold        Net
                       %                    RMm      RMm       RMm
Local Retail     31.5                958.6      1313.5    -354.9
Local Insts      45.8                1756.1    1552.6     203.5
Foreign           22.7                897.7      746.3       151.4
                      100.0              3612.4    3612.4     0.0
Source: Bursa Malaysia

Bursa Malaysia Trade Statistics 4 Aug 2011

Bursa Malaysia Trade Statistics 4 Aug 2011
                       Participation     Bought    Sold     Net
                       %                     RMm     RMm    RMm
Local Retail     30.8                 438.2     515.0    -76.8
Local Insts      42.9                 740.7      585.9    154.8
Foreign           26.3                 366.7      444.7    -78.0
                       100.0              1545.6    1545.6   0.0
Source: Bursa Malaysia

Friday, 5 Aug 2011. BRDB – Stock Pick

BRDB ( 1473 : 2.12 ) : Double Bottom
Description
Resistance : 2.38 2.42
Support : 1.97
RSI of 75
RSI is overbought
STOCHASTIC
It is overbought
TREND INDICATOR.
Up
Comment
The current rebound, from the Double bottom of 1.86, is heading for 2.38
Trading Strategy
Buy. Stop loss is at 1.97

Friday, 5 Aug 2011. UEMLAND – Stock Pick

UEMLAND ( 5148 : 2.57 ) : Targeting 2.82
Description
Resistance : 2.82
Support : 2.49
RSI of 41
RSI is recovering
STOCHASTIC
It is overbought
TREND INDICATOR.
Up
Comment
The current rebound is heading for 2.82
Trading Strategy
Buy. Stop loss is at 2.49

Friday, 5 Aug 2011. AFG – Stock Pick

AFG ( 2488 : 3.62 ) : Targeting 4.06
Description
Resistance : 4.06
Support : 3.50
RSI of 57
RSI is neutral
STOCHASTIC
It is approaching oversold
TREND INDICATOR.
Down
Comment
The recent pullback is on limited downside. As the Stochastic indicator is approaching oversold, it is due to
resume its upward move
Trading Strategy
Buy. Stop loss is at 3.50

Friday, 5 Aug 2011. BKOON – Stock Pick

BKOON ( 7187 : 0.38 ) : Targeting 0.47
Description
Recondition commercial vehicles
Resistance : 0.47 0.60
Support : 0.32
RSI of 64
RSI is on the rise
STOCHASTIC
It is turning upwards
TREND INDICATOR.
Up
Comment
The current rebound is heading for 0.47
Trading Strategy
Buy. Stop loss is at 0.32

US market plunged sharply ---more than 500 points

1. Stocks accelerated their selloff across the board in another volatile session Thursday as fears over a global economic slowdown intensified and ahead of the widely-followed monthly unemployment report. Vix surged 20%.


2.Stocks remained heavily under pressure in another volatile session Thursday as fears over a global economic slowdown intensified and ahead of the widely-followed monthly unemployment report. The Dow plunged 350 points and All three major averages are now trading in negative territory for the year.

 

3. All three major averages fell into negative territory for the year Thursday and are on track to post their steepest loss since May 2010 as investors were rattled over an intensifying global economic slowdown. The volatility index skyrocketed more than 25 percent.

4. Senate Democratic leader Harry Reid announced Thursday that Congress has reached a "bipartisan compromise" to end the FAA impasse and allow thousands of idle aviation employees to return to work.

5. Stocks plunged sharply Thursday, with the Dow down more than 500 points, in the biggest selloff since May 2010. All three major averages tumbled into negative territory for the year as investors were rattled over an intensifying global economic slowdown and ahead of the widely-followed monthly unemployment report. Vix surged more than 35 percent.
 

US MARKET BREAKING NEWS 4/08

1. Kraft Profit Beats Forecasts, 62 Cents a Share vs 58 Cents Estimated; To Split in 2 Companies

2. General Motors Posts EPS of $1.54, Beats Estimates of $1.20; Revenue of $39.4 Billion Also Beats; Shares Up

 

3. ECB Leaves Key Interest Rate Unchanged at 1.5%

 

4. Weekly Jobless Claims up 1,000 to 400,000; Revision Boosts Last Week to 401,000; Continuing Claims at 3.73 Million

4. Stocks opened lower Thursday amid fear over the ongoing euro zone debt crisis in addition to a jobs report that indicated the recovery has stalled. The dollar surged against a basket of currencies.

 

5. 

Sanichi與德公司結盟 2個月內有定案

Sanichi科技（SANICHI，0133，創業板工業股）與德國PROTEV公司結盟計劃新進展，精明審核已晉次階段，相信2個月內即可有定案。
該公司今午向馬證交所報備，已收到Protev公司信函，本月 開始將展開精明審核，為期1個月。
保持上市地位
配合上述宣佈，Sanichi科技已自下午4時05分停牌，收在10.5仙，揚1仙，交投火紅達7601萬2400股；該股將在明日（5日）恢復交易。
Sanichi科技主席兼董事經理拿督彭昭發早前曾說，精明審核一般需耗時1至2個月，一旦Protev公司肯定入股，將發行新股予后者，惟具體股量仍有待決定。
“Protev公司對我們深興趣，且有意成為公司公司馬股東，相信很快將展開次階段審核程序，但這並不代表我們被收購，雙方是抱持相互合作的態度，我們還是會維持上市地位。”
該公司是在6月8日與Protev公司簽署讓解備忘錄，欲聯營成為一站式塑料注入模具生產中心，促使后者探討認購股權事宜。
彭昭發透露，釋出策略股權一事還有待小股東及證券監督委員會批准。
“整個過程估計需時8個時間，公司放眼整項計劃可在明年3月底完成。”
詢及Protev公司入股后，對Sanichi科技營運及管理有何變化，他說，除了董事局，前者也將委任人員進入管理層。
下財年拓歐美市場
推動銷量增長
仍在虧損中的Sanichi科技相信，在策略股東協助下，有望在下個財年打開歐美市場，進而推動銷量增長，改善業績表現。
彭昭發指出，待所有事情塵埃落定，未來將以我國為汽車模具生產據點，外銷至歐美市場。
“德國是個很貴的市場，若是在這里生產並出口，則可享有價格優勢。眼下我們需要更多銷量，尤其是歐美國家，畢竟當地汽車業表現正好，只有這樣才有助我們抑制虧損。”
Sanichi科技剛于6月中宣佈2011財年首9個月財報，稅后淨利錄得231萬1000令吉虧損；營業額則按年跌44%，報886萬1000令吉。
該公司平均每個月可生產50款汽車模具，總值約350萬令吉，惟透過Protev公司，則可開拓更多歐美潛在客戶。
“Protev公司原本也是我們的客戶，彼此也建立一定程度的信任，但難就難在從客戶轉合作夥伴，很多事都變得不一樣，不過歐美一帶其他車商如寶馬都看好我們這樁‘婚事’，從而對我們更具信心。”

A look at the Dow's worst drops since 1900

The Dow Jones industrial average plunged 513 points, or 4.3 percent, to 11,384 on Thursday.
Here's a look at the Dow's 10 worst days since 1900:
By percent decline:
-- Oct. 19, 1987: 22.6 percent, or 508 points
-- Oct. 28, 1929: 12.8 percent, or 38 points
-- Oct. 29, 1929: 11.7 percent, or 31 points
-- Nov. 6, 1929: 9.9 percent, or 26 points
-- Dec. 18, 1899: 8.7 percent, or 6 points
-- Aug. 12, 1932: 8.4 percent, or 6 points
-- March 14, 1907: 8.3 percent, or 7 points
-- Oct. 26, 1987: 8 percent, or 157 points
-- Oct. 15, 2008: 7.9 percent, or 733 points
-- July 21, 1933: 7.8 percent, or 8 points
By points:
-- Sept. 29, 2008: 778 points, or 7 percent
-- Oct. 15, 2008: 733 points, or 7.9 percent
-- Sept. 17, 2001: 685 points, or 7.1 percent
-- Dec. 1, 2008: 680 points, or 7.7 percent
-- Oct. 9, 2008: 679 points, or 7.3 percent
-- April 14, 2000: 618 points, or 5.7 percent
-- Oct. 27, 1997: 554 points, or 7.2 percent
-- Oct. 22, 2008: 514 points, or 5.7 percent
-- Aug. 4, 2011: 513 points, or 4.3 percent
-- Aug. 31, 1998: 513 points, or 6.4 percent
Source: Dow Jones Indexes, a division of CME Group Inc.

Catcha媒體

ANOTHER SUBSTANTIAL SHAREHOLDER IN CATCHA MEDIA BERHAD EMERGES
KUALA LUMPUR, 4th August, 2011 – Catcha Media Berhad (“Catcha Media”) today announced that HSC Healthcare Sdn Bhd, headed by Dr Lim Yin Chow, has become a substantial shareholder.
HSC Healthcare has acquired a 5.01 percent stake in Catcha Media.
HSC Healthcare’s investment follows a series of strategic investments made in Catcha Media by others including Dato’ Justin Leong Ming Loong who acquired a 5.01 percent stake on 2nd August and Star Publications (M) Bhd which acquired a 4.99 percent stake on 4th July.
About Catcha Media Berhad
Catcha Media Berhad (Catcha Media) is a Malaysian-based company, in online media and publishing, with both businesses contributing to a combined reach of approximately 9 million people per month. Catcha Media also operates all of Microsoft's online properties in Malaysia, including the MSN portal, Windows Live Messenger (MY) and Hotmail (MY), the inventory for Lowyat.net (Malaysia's largest technology forum). Catcha Publishing, the Group's publishing division, has 14 titles in 16 editions published across three countries.

Thursday, 4 Aug 2011. SCIB – Stock Pick

SCIB ( 9237 : 0.56 ) : Technical rebound
Description
Resistance : 0.70 0.74
Support : 0.50
RSI of 62
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Recently it has bottomed at 0.50, which is the 61.8% retracement. It is on a technical rebound to 0.70
Trading Strategy
Buy. Stop loss is at 0.50

Thursday, 4 Aug 2011. SANICHI – Stock Pick

SANICHI ( 0133 : 0.09 ) : Testing 0.155
Description
Machine tools
Resistance : 0.155
Support : 2.92
RSI of 84
RSI is overbought
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
The current upkick is likely to be testing the previous high of 0.155
Trading Strategy
Buy. Stop loss is at 0.07

Thursday, 4 Aug 2011. MNRB – Stock Pick

MNRB ( 6459 : 3.10 ) : Breakout
Description
Reinsurance
Resistance : 3.26 3.40
Support : 2.92
RSI of 72
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Following the breakout yesterday, it is targeting 3.40
Trading Strategy
Buy. Stop loss is at 2.92

Thursday, 4 Aug 2011. AMEDIA – Stock Pick

AMEDIA ( 0159 : 0.30 ) : Targeting 0.38
Description
Advertising
Resistance : 0.38
Support : 0.26
RSI of 58
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Recently it has bottomed at 0.26, which is the 61.8% retracement. The current rebound is targeting 0.38
Trading Strategy
Buy. Stop loss is at 0.26

Bursa Malaysia Trade Statistics – 4 Aug 2011

          Bursa Malaysia Trade Statistics – 4 Aug 2011
                       Participation   Bought   Sold        Net
                       %                   RMm     RMm      RMm
Local Retail     26.8               478.5     457.7      20.8
Local Insts      48.8                883.8     825.9      57.9
Foreign           24.4                388.4     467.1      -78.7
                      100.0              1750.7   1750.7     0.0
Source: Bursa Malaysia

US MARKET BREAKING NEWS 3-08

1. Comcast Earnings Ex-Items of 42 Cents a Share Edge Street Targets by a Penny

2. Private Payrolls Grew 114,000 in July, Beating Forecasts of 95,000, ADP Says

3. Stocks gained at the open Wednesday, following a massive selloff in the previous session, after a reading on private sector employment came in stronger than expected. Gold jumped to hit another record high above $1,666 an ounce.

4.ISM Non-manufacturing Gauge Misses Estimates at 52.7; Factory Orders Down 0.8%, Not as Bad as Feared

 

5. European Shares Extend Losses on Weak US Figures

6. Stocks were lower in choppy trading Wednesday, following a handful of tepid economic news and amid growing uncertainty over the euro zone crisis in addition to a possible U.S. credit downgrade. All key S&P sectors slumped, while gold soared above $1,670 an ounce.

7. Stocks recovered from a sharp selloff in volatile trading Wednesday with the Dow breaking an eight-day losing streak, despite a handful of weak economic news, ongoing euro zone jitters and a possible U.S. credit downgrade.

 

 

Wednesday, 3 Aug 2011. SALCON – Stock Pick

SALCON ( 8567 : 0.555 ) : Targeting 0.58
Description
Water treatment
Resistance : 0.58 0.64
Support : 0.535
RSI of 54
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
The current upmove is targeting 0.58
Trading Strategy
Buy. Stop loss is at 0.535

Wednesday, 3 Aug 2011. PARAGON – Stock Pick

PARAGON ( 9407 : 0.34 ) : Breakout
Description
Carpets
Resistance : 0.50
Support : 0.30
RSI of 67
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Following the consolidation breakout, it is heading for 0.50
Trading Strategy
Buy. Stop loss is at 0.30

Wednesday, 3 Aug 2011. LIONIND – Stock Pick

LIONIND ( 4235 : 1.75 ) : Buy around 1.70
Description
Resistance : 2.00
Support : 1.69
RSI of 50
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Sideways
Comment
The upkick yesterday was capped at 1.83, indicating a small pullback, with good support at 1.69. Overall
technicals are in a positive mode
Trading Strategy
Buy. Stop loss is at 1.65

Wednesday, 3 Aug 2011. KUB – Stock Pick

KUB ( 6874 : 0.755 ) : Positive technicals
Description
Telecommunication services
Resistance : 0.79 0.87
Support : 0.73
RSI of 58
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Currently it is capped at the Double Top of 0.79. It is targeting 0.87, once the 0.79 resistance is breached
Trading Strategy
Buy. Stop loss is at 0.73

Tuesday, 2 Aug 2011. PERWAJA – Stock Pick

PERWAJA ( 5146 : 1.14 ) : Targeting 1.38
Description
Resistance : 1.26 1.31 1.38
Support : 1.05
RSI of 69
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
With technicals on the rise, it is likely to be targeting 1.38
Trading Strategy
Buy. Stop loss is at 1.05

Tuesday, 2 Aug 2011. MAYBANK – Stock Pick

MAYBANK ( 1155 : 8.83 ) : Rebounding
Description
Resistance : 9.00 9.26 9.38
Support : 8.72
RSI of 47
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Uptick
Comment
With technicals on the rise, it is likely to be targeting 9.38
Trading Strategy
Buy. Stop loss is at 8.72

Tuesday, 2 Aug 2011. MALTON – Stock Pick

MALTON ( 6181 : 0.52 ) : Positive technicals
Description
Resistance : 0.65
Support : 0.505
RSI of 47
RSI is on a positive divergence
STOCHASTIC
It is on a buy signal
TREND INDICATOR.
Up
Comment
With technicals on the rise, it is likely to be targeting 0.65
Trading Strategy
Buy. Stop loss is at 0.505

Monday, 1 Aug 2011. MRCB – Stock Pick

MRCB ( 1651 : 2.55 ) : Triangle breakout
Description
Resistance : 2.63 2.82
Support : 2.42
RSI of 71
RSI is to stay overbought for awhile longer
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
Following the Triangle breakout at 2.35, it is heading higher to 2.63
Trading Strategy
Buy. Stop loss is at 2.42

Monday, 1 Aug 2011. GAMUDA – Stock Pick

GAMUDA ( 5398 : 3.69 ) : Inverted Head & Shoulder
Description
Resistance : 3.88
Support : 3.52
RSI of 44
RSI is steady
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
It appears to be forming a positive inverted Head & Shoulder, to target the price gap at 3.88
Trading Strategy
Buy. Stop loss is at 3.52

Monday, 1 Aug 2011. E&O – Stock Pick

E&O ( 3417 : 1.57 ) : Positive technicals
Description
Property
Resistance : 1.78
Support : 1.50
RSI of 60
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Up
Comment
With technicals on the rise, it is targeting 1.78
Trading Strategy
Buy. Stop loss is at 1.50

Monday, 1 Aug 2011. CHHB – Stock Pick

CHHB ( 5738 : 1.22 ) : Positive technicals
Description
Resistance : 1.40
Support : 1.17
RSI of 69
RSI is on the rise
STOCHASTIC
It is on an upswing
TREND INDICATOR.
Uptick
Comment
With technicals on the rise, it is likely to be targeting 1.40
Trading Strategy
Buy. Stop loss is at 1.17