I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!
MMHE Malaysia Marine and Heavy Engineering Holdings Bhd’s (MMHE) net profit for the first quarter ended March 31, 2015 increased 4% to RM36.03mil, from RM34.63mil a year ago on the back of higher revenue from the group’s offshore and marine divisions. MAXIS Maxis Bhd’s earning rose 21% to RM410mil in the first quarter ended March 31, 2015 from the preceding quarter’s RM339mil, riding on the positive momentum from its transformation initiatives. DiGi DiGi.com Bhd's net profit for its first quarter ended March 31, 2015 slipped 1.2% to RM479.21mil from RM485.15mil a year ago due to seasonally higher device sales and impact from lower margins.
Civil engineering firm KKB Engineering Bhd’s net profit for the first quarter ended March 31, 2015 rose more than six-fold to RM26.7mil compared to the same period last year. According to a filing with Bursa Malaysia, the higher profit margin was due to the engineering and manufacturing sectors, especially from steel fabrication and steel pipes manufacturing divisions. http://www.thestar.com.my/Business/Business-News/2015/04/28/KKB-Engineering-Q1-profit-soars/?style=biz
SHARES in D’nonce Technology trimmed early gains to close a tick higher at 43 sen. Despite that, prices are expected to firm in the short term, with technical indicators improving. A clear penetration of the stiff barrier of 50 sen may see buyers becoming more aggressive, targeting the 60 sen mark. Crucial support is pegged at the 200-day simple moving average of 37 sen.
Greenyield
GREENYIELD shares were generally rangebound on consolidation since finding a shelter at an eight-month low of 26.5 sen on Feb 18. A successful clearance of the 32 sen mark, followed by a decisive breakout of the 34.5 sen hurdle, would signal a new uptrend. Conversely, a crack of the recent ebb would see the lower floor of 20 sen becoming vulnerable.
JF Technology
JF Technology has been in consolidation mode since late last year following a rally which sent prices up to within striking distance of the all-time high. A break above the 74 sen resistance would open the doors for the bulls to explore new territory. If the 66 sen line is violated, look for the 59 sen line as the next lower support floor.
SINGAPORE, April 28 — Most emerging Asian currencies rose today as the dollar remained broadly weak amid optimism over Greece's debt deal, while caution grew ahead of the US Federal Reserve's policy meeting.
The Taiwan dollar and the South Korean won hit near six-month highs on demand linked to recent stock inflows.
The won hovered around a seven-year peak to the yen after Fitch Ratings yesterday said it has downgraded Japan's credit rating.
China's yuan rebounded after the central bank set a stronger midpoint and as traders suspected major state-run banks sold the dollar for intervention.
The dollar stayed weaker against a basket of six major currencies with the euro's strength based on renewed hopes that debt-laden Greece stood a better chance of securing fresh funding after Prime Minister Alexis Tsipras reshuffled his team handling talks with international lenders.
The dollar's weakness came ahead of the two-day meeting of the Federal Open Market Committee which starts later in the session, though the US central bank is unlikely to alter its policy stance as recent economic data have been disappointing, analysts said.
“It looks to me like people got stung the last time with all the USD longs before March FOMC. Now it gets the other way,” said Andy Ji, Asian currency strategist for Commonwealth Bank of Australia in Singapore, referring to the Federal Open Market Committee.
“If the Fed just keeps the hikes on the table this year, we will see people buying USD back.”
Last month, the Fed downgraded its economic growth and inflation forecasts, causing investors to dump dollar holdings, which they had built up on expectations of an early interest rate hike by the Fed.
That also lifted most emerging Asian currencies, as low US borrowing costs help the region maintain appeals of higher yields.
Taiwan dollar
The Taiwan dollar rose 1.3 per cent to 30.472 per US dollar, its strongest since Nov 3 on inflows from foreign financial institutions and exporters' month-end demand.
The island's currency could strengthen to 30.200 if stock inflows continue, a currency trader in Taipei said.
Foreign investors in the previous session bought a net T$21.6 billion (RM2.51b) worth of local stocks, bring their net equity purchases for the month so far to T$80.5 billion, the Taiwan Stock Exchange data showed.
The island's currency pared some of earlier gains as the central bank was suspected of intervening around 30.500 to stem strength in the best performing Asian unit this year, traders said.
Importers were also buying dollars to meet payments.
Won
The won gained as much as 0.4 per cent to 1,069.0 per dollar, its strongest since Oct 31, on demand from offshore funds.
South Korea's foreign exchange authorities were spotted intervening to stem the won's strength, traders said, especially as it stayed around a seven-year high to the yen.
The won yesterday hit 8.9596 to the yen, its strongest since February 2008.
The two countries compete in overseas markets, exporting products like electronics and cars.
Ringgit
The ringgit advanced 0.7 per cent to 3.5440 per dollar, its strongest since Feb. 9, tracking its appreciation in overnight non-deliverable forwards markets.
Most government bond prices also gained, while traders expected oil exporters to buy the ringgit for month-end settlements. — Reuters
Thanks for welcoming note... If like that next time I need not to bring along my card.... jz scan n walk in rite? OK.... hope u guys never scan for my qualification ar... SRP and PTS can accept or not? My results are straight B'
How come u all have so fancy name? Why during my registration i3 admin never remind me to put fancy name. I jz have a very Basi busuk 55th or 60th KWSP name only... some more still in survey process.... nt yet can go for nomination yet.....
Mungkin sekarang ada sedikit perubahan. Bile menjelang Ramadhan pasti akan menonjol. Memandangkan ekonomi sekarang tak memberansangkan, agak risau ni.....
tapi tak apa, semua dah ditakdirkan. Insya Allah kali ini kita dapat menrempuhi rintangan kuat ekonomi
aku dulu nama siapa org beli nombor ekor lagi hehehe mark dulu nama lain juga tessa je nama serupa tak tukar2, kalau tak silap id kat investment forum semua sama tessa, ce tanya tessa dia ada kat investlah gak
sebenarnya saya dah lama jumpa nama nama Tessa joseph dan beberapa saudara di investlah cume tak berani nak bertegur.....
kan awak pun faham orang baru tak baik kurang ajar...kena banyak sikit bersopan santun.... jadi sampai hari ni baru sikit sikit nak cuba untuk bertegur korang di sini...
Insya allah kita dapat berbincang pasaran saham bersama sama
A few days ago, I wrote about the strengthening of our Ringgit vis-a-vis the USD, which we can clearly see from the chart (link attached)
I failed to follow through and to call a TAKE PROFIT on many stocks that had benefited from the strengthening of USD-MYR in the past 8-9 months. In a mere few days, we saw sharp drop in the prices of exporters, such as E&E players or furniture makers. This correction has now spread out to second & third liners stocks in general. Since many of these stocks had run up substantially over the past 3-4 months, their correction will be very severe.
Highlights / Stock Picks of the Day - Frontken Corporation Berhad (FRONTKN) – Not Rated
FRONTKN saw some heavy profit-taking activities after it rose to its all-time high level a few days ago. Key indicators are suggesting that the technical correction could be prolonged further to neutralize it overbought situation. MACD indicator is poised for a bearish crossover which will end its one-month bullish outlook. Meanwhile, both Stochastic and RSI indicator are also trending down south from their respective overbought region to imply that selling momentum is pilling up. All in, we advocate investors to wait for the share price to retrace towards its immediate support level of RM0.23 (S1) and look for a reversal signal before entering the stock.
Fed's downgrade of economic outlook signals longer rate hike wait
The Federal Reserve downgraded its view of the U.S. labor market and economy on Wednesday in a policy statement that suggested the central bank may have to wait until at least the third quarter to begin raising interest rates.
The Fed's statement put in place a meeting-by-meeting approach on the timing of its first rate hike since June 2006, making such a decision solely dependent on incoming economic data.
The data, however, have been getting worse. Just hours before the Fed's statement, the U.S. government reported that first-quarter gross domestic product came in much weaker than expected.
The central bank acknowledged that growth had slowed in the winter months, a dimmer assessment of the economy than its view in March. And while it said the poor performance was in part due to transitory factors, it pointed to soft patches across the economy, in a sign it may have to hold off hiking rates until at least September. http://www.reuters.com/article/2015/04/29/us-usa-fed-idUSKBN0NK09F20150429
Consumers in Southeast Asia are "sleeping giants" who will wake up to their full potential over the next 5-10 years, recent reports show.
Robust consumption fueled by rising income levels and urbanization are expected to generate an additional $770 billion as 60 million people join the region's consuming class or move into more affluent consumer segments by 2020, according to a study this month by Accenture involving more than 1,800 people in the region.
The formation of the Asean Economic Community (AEC), scheduled to take effect this year, will also enhance the attractiveness of Southeast Asia's consumer markets by making it easier for companies to do business across borders. By 2020, the region could become a $3 trillion economy, making its mark as the world's sixth biggest, Accenture noted.
"The spectacular growth of the Southeast Asian economy represents one of the biggest opportunities for consumer goods companies today," said Dwight Hutchins, managing director in Accenture Strategy, Asia-Pacific. http://www.cnbc.com/id/102629370
The Sarawak government has made good on its promise to reduce electricity tariffs for commercial and industrial users following reductions for domestic consumers last year.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Fortunebull > 2013-12-03 20:12 | Report Abuse
I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!