Market Review (14th Aug 2015)

RicheHo

Publish date: Fri, 14 Aug 2015, 11:33 PM

Two weeks ago (31^st Jul), KLSE index was still at 1,723.14 levels. Two weeks later (14^th Aug), market already closed at 1,596.82 levels. It dropped total of 126.32 points in 10 working days, which is equivalent to 7.33%!

Two weeks ago, USDMYR was 3.82. Today, it had come to 4.07 (-6.54%).

Two weeks ago, SGDMYR was 2.79. Today it had come to 2.91 (-4.30%).

It had been two tough weeks for all the Malaysian! Malaysia Boleh??? Yeah, Malaysia definitely BOLEH. Malaysia Boleh Berundur!!!

During Sep 2012 – Feb 2013, KLSE index had retested and touched 1,600 levels for SIX times! However, every single time it failed to breach this level. Hence, it formed a very strong support line at the 1,600 level. Three and a half year later, our market index “finally” come to this level again. Unfortunately, today it closed below 1,600 levels. Will it likely to rebound from this level?

Zoom in to the period of Sep 2012 – Feb 2013.

From the chart, we can see that the third retest had also breached 1,600 levels and it closed at 1,598.17. The next day lowest was at 1,590.67. So, what does this tell us? It tells us that slightly breach or close below the support line doesn’t mean it will go further down. It still has a probability that it will rebound and go up as what we can see after the third retest.

However, I am just analyzing using the past data and it doesn’t mean I am right. Malaysia current economic is still full of negative issues. Our currency continues to depreciate. 1MDB issues still haven’t solved. Crude oil price had dropped to a new low of USD42.10 per barrel. Even though Malaysia 2^nd quarter GDP surged 4.9%, which higher than the market forecast of 4.5%, it doesn’t help much in the market. The market is still very pessimistic. Based on technical part, the next few days will be very crucial to determine the market movement. Once it continues moving down, the next support line will be at 1,570 follow by 1,527.

Currently, there are many cheap undervalue oversold stocks in the market! This is what I mention as mid August sales instead of Year End sales! A crisis is an opportunity. It is nearly impossible we can tackle the bottom. So, investors can start collecting portion by portion now. Remember don’t ever shoot all your bullets in one shot. The below table is for your reference.

Stock price of selected 80 profit making companies in two weeks:

		31-Jul	14-Aug
	Stock	Price	Price	Change
1	Deleum	1.340	1.020	-23.88%
2	Frontken	0.260	0.205	-21.15%
3	Signature	3.110	2.460	-20.90%
4	Century	1.070	0.855	-20.09%
5	KKB	1.800	1.450	-19.44%
6	Harbour	2.850	2.300	-19.30%
7	Sycal	0.470	0.380	-19.15%
8	Eversendai	0.995	0.805	-19.10%
9	AWC	0.420	0.340	-19.05%
10	Scicom	2.090	1.710	-18.18%
11	Lee Swee Kiat	0.360	0.295	-18.06%
12	Focus Lumber	1.660	1.370	-17.47%
13	ES Ceramics	0.350	0.290	-17.14%
14	Hevea	1.080	0.900	-16.67%
15	CCM Duopharma	2.880	2.400	-16.67%
16	Y.S.P Southeast Asia	2.860	2.410	-15.73%
17	SLP Resources	1.550	1.310	-15.48%
18	George Kent	1.510	1.280	-15.23%
19	Ken	1.100	0.940	-14.55%
20	V.S	6.350	5.430	-14.49%
21	Homeritz	1.110	0.950	-14.41%
22	Turbo	1.130	0.970	-14.16%
23	ECS	1.520	1.310	-13.82%
24	LTKM	1.780	1.540	-13.48%
25	Willowglen	0.870	0.755	-13.22%
26	Boilermech	1.380	1.200	-13.04%
27	Can-One	2.410	2.100	-12.86%
28	JCY	0.740	0.645	-12.84%
29	Mikro MSC	0.390	0.340	-12.82%
30	Pentamaster	0.855	0.750	-12.28%
31	CMSB	5.820	5.110	-12.20%
32	Perstim	4.720	4.150	-12.08%
33	Hexza	0.885	0.780	-11.86%
34	SKP Resources	1.530	1.350	-11.76%
35	Superlon	1.580	1.400	-11.39%
36	Hovid	0.485	0.430	-11.34%
37	Inari	3.440	3.050	-11.34%
38	SCC	2.490	2.210	-11.24%
39	MMSV	0.760	0.675	-11.18%
40	Opensys	0.405	0.360	-11.11%
41	UMS-Neiken	0.900	0.800	-11.11%
42	Prolexus	2.590	2.310	-10.81%
43	Vitrox	3.430	3.060	-10.79%
44	Gadang	1.490	1.330	-10.74%
45	HSL	1.870	1.670	-10.70%
46	Johore Tin	1.510	1.350	-10.60%
47	KESM	4.200	3.760	-10.48%
48	Fututech	1.450	1.300	-10.34%
49	Mitrajaya	1.990	1.790	-10.05%
50	Sam Engineering	5.190	4.680	-9.83%
51	Wellcall	2.160	1.950	-9.72%
52	QL Resources	4.230	3.820	-9.69%
53	Hua Yang	1.900	1.720	-9.47%
54	Magni-tech	4.340	3.950	-8.99%
55	IQ Group	2.450	2.240	-8.57%
56	Tambun	1.650	1.510	-8.48%
57	Tong Herr	2.130	1.950	-8.45%
58	OSK	1.800	1.670	-7.22%
59	Dominant	1.830	1.700	-7.10%
60	Leon Fuat	0.570	0.530	-7.02%
61	United U-Li Corp	4.180	3.890	-6.94%
62	Elsoft	1.750	1.630	-6.86%
63	Lii Hen	5.770	5.380	-6.76%
64	Favco	2.750	2.570	-6.55%
65	Excel Force MSC	0.650	0.610	-6.15%
66	Ta Ann	3.600	3.380	-6.11%
67	LCTH	0.665	0.625	-6.02%
68	CYL	0.730	0.695	-4.79%
69	SHL	3.350	3.190	-4.78%
70	Wah Seong	1.320	1.260	-4.55%
71	Poh Huat	2.820	2.700	-4.26%
72	SCGM	3.770	3.610	-4.24%
73	Oriental Food	6.230	6.000	-3.69%
74	Latitude	7.170	7.010	-2.23%
75	Tasek	16.000	15.760	-1.50%
76	Classic Scenic	1.210	1.210	0.00%
77	MYEG	2.640	2.650	0.38%
78	Super	3.720	3.780	1.61%
79	NTPM	0.680	0.750	10.29%
80	Luxchem	1.100	1.290	17.27%

Just for sharing.

http://rhinvest.blogspot.com/

Discussions

3 people like this. Showing 1 of 1 comments

jetta

respect u , u r really done a lot of efforts in malaysia shares market . keep going , thumb up !

2015-08-21 04:57

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