Asian shares step back from 2007 ....

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3% after six straight days of gains until Tuesday, that had taken it within a stone's throw from the record high touched in November 2007.

Information technology shares led the decline with a 1.1% fall as Samsung Electronics extended losses. The tech company's profit guidance disappointed investors and raised worries the memory chip boom may be coming to an end.

Japan's Nikkei also shed 0.2%, slipping from 26-year highs hit the day before.

"The rally has been a bit too fast. Investors are taking profits in high-flying hi-tech shares. But the earnings and economic outlook in Asia remains solid," said Yukino Yamada, senior strategist at Daiwa Securities.

Indeed, expectations of solid corporate profit growth helped Wall Street's major indexes extend the New Year rally to record levels for a sixth day on Tuesday.

"U.S. fourth-quarter earnings are expected to rise more than 10 percent from the previous year. The market has been supported by the consensus that the goldilocks economy will continue while the Fed will raise interest rates only slowly," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management.

Profits for S&P 500 companies are expected to rise 11.8% in the fourth quarter, compared with an 8% increase a year earlier, according to Thomson Reuters I/B/E/S.

Some investors said risk sentiment had been boosted by an apparent easing in tensions in the Korean peninsula after North and South Korea agreed to future talks in their first official dialogue in more than two years.

Washington welcomed what it said was a first step to solving the North Korean nuclear weapons crisis, even though Pyongyang said those were aimed only at the United States and not up for discussion with Seoul.

In the currency market, the yen maintained the gains it made the previous day after the Bank of Japan trimmed the amount of its buying in long-dated bonds.

While the move was in line with the BOJ's subtle reduction in its bond buying over the past year, the so-called 'stealth tapering', the reaction highlighted how sensitive markets are to a pullback in Japan's massive stimulus.

"I don't think yesterday's operation is a hint of a policy change. But it highlighted the fact that unwinding of central bank stimulus will be a main theme this year. We could see more moves like this," said a currency trader at a U.S. bank.

The euro eased to US$1.1945, compared to US$1.2028 at the end of last week, due to profit-taking following the common currency's big gains late last year.

The BOJ's move also helped to raise the 10-year U.S. bond yield above its December high to 2.555 percent, the highest since March last year, from 2.482% late on Monday.

Oil prices extended gains, with U.S. crude futures hitting a three-year high on a tight supply balance due to OPEC-led production cuts and a sharper fall in U.S. crude inventories.

The American Petroleum Institute said late on Tuesday crude inventories fell by 11.2 million barrels in the week to Jan 5 to 416.6 million, far bigger than analysts' expectations for a decrease of 3.9 million barrels.

U.S. West Texas Intermediate (WTI) crude traded at US$63.49 a barrel, up 0.9% for the day, after having risen as high as US$63.53 earlier.

Brent crude rose 0.6% to US$69.22 per barrel, staying near its highest level since mid 2015.

Rising oil prices could fan inflation down the road, which could be detrimental to some countries that have been prone to high inflation.

Still, China's December producer prices grew at their slowest pace in 13 months, as the government's stepped-up war against winter smog dented factory demand for raw materials.

The producer price index (PPI) in December rose 4.9% from a year earlier, compared with 5.8% in November, the National Bureau of Statistics (NBS) said on Wednesday.

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MARKET INVESTMENT IT'S SIMPLE

The recent global financial crisis shook many people’s belief in shares. Some people, battered and bruised by the experience, have sworn off the stock market for life. Sure, they made some mistakes and some poor investments, but that’s part and parcel of investing. As the old saying goes, if at first you don’t succeed, try, try again.

some motivation?

Tax-free that is. Living in Singapore, we might complain about the 7% in GST that we have to pay for almost everything (even your chicken rice lunch at Boon Tong Kee is not spared).  But we take for granted that we do not have to pay any capital gains or dividends taxes.  What this means is that you get to keep all that you earn, without giving the Singapore government a portion of your earnings.  Whoopee!

Shares vs Property

We’re not about to get into a debate here about the relative merits of Shares versus Property, but since we’re all about shares, we hope you don’t mind if we just stick to the share market for now.  However, let’s just say that you’ll be hard pressed to find a nice condo at $500,000, and when you need the money, you can’t really sell off one square foot (or a tile for that matter) at a time.

The bottom line is we think investing in the share market can be financially smart, simple, inexpensive, and over time, help you generate life-changing wealth.

Think back to those tables from Step 1. There are no guarantees in life, but if you invested $1,200 per year for 40 years and you generated 9% returns every year, as is possible by investing in the share market, you could be half a millionaire.

Enough said?

Investing in the share market: funds vs. shares

You can invest in the share market by buying shares in an individual company, or by investing in a fund, which consists of a variety of shares in different companies – sort of like a basket of shares. With shares, as the value of the share itself (a publicly-traded company) goes up or down, the value of your investment does the same.

With funds, the value of your investment is tied to the value of the fund, which is reflective of the value of the shares the fund is comprised of.  Therefore, one share’s movement has a smaller impact on the fund as a whole, and thus on you, than it would if you had all your money tied up in that share alone. You do pay a price for the relative stability of funds, and that’s the fund management fee – all funds have these. With shares, perhaps the biggest challenge with investing is knowing what to buy, when to buy it and when to sell it. It is a challenge, but if you get it right, the rewards can be truly remarkable.

But we believe funds have their place in your portfolio too. Not every type of fund mind you. We’re talking about one specific type of fund.  Learn more about what we think of funds in one of our Asset Allocation guides “Managed Funds”.

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We are very concern about Customer needs and satisfaction Our tips and services are the indeed portrayal of our work. We always try to update our clients according to market and help them to earn money from stock market. We also provide free trial for 3 days.

KLCI PARES LOSS,

At 12.30pm, the FBM KLCI was down 4.65 points to 1,715.21. The index had slipped to its intra-morning low of 1,709.94.

Losers led gainers by 457 to 152, while 499 counters traded unchanged. Volume was 921.73 million shares, valued at RM806.98 million.

The top losers included Danainfra Nasional Bhd, Tasek Corp Bhd, KESM Industries Bhd, British American Tobacco (M) Bhd, Hengyuan Refining Company Bhd, Aeon Credit Service (M) Bhd, Malaysia Pacific Industries Bhd, Panasonic Manufacturing Malaysia Bhd, Petron Malaysia Refining & Marketing Bhd, Genting Bhd and PMB Technology Bhd.

The actives included China Stationery Ltd, Borneo Oil Bhd, Hubline Bhd, PUC Bhd, DGB Asia Bhd, Trive Property Group Bhd, UMW Oil & Gas Corp Bhd, Hibiscus Petroleum Bhd and Green Packet Bhd.

The gainers included Tong Herr Resources Bhd, Petronas Dagangan Bhd, Inari Amertron Bhd, Bursa Malaysia Bhd, Nestle (M) Bhd, Petronas Gas Bhd, S P Setia Bhd, Cahya Mata Sarawak Bhd and Uchi Technologies Bhd.

Asian shares stepped back from decade highs on Tuesday, as Chinese stocks stumbled for a second straight session, while the U.S. dollar trod water ahead of a crucial Senate vote on tax reform, according to Reuters.

Investor confidence in China has been dented by rising bond yields, as Beijing steps up its crackdown on shadow banking and other risky forms of financing. Higher borrowing costs threaten to squeeze corporate profits, Reuters said.

Hong Leong IB Research in a traders’ brief said in spite of the near term uncertainty about the US tax overhaul plans and Fed latest concern on rising asset prices, Dow’s downside risks are likely to be well cushioned for the time being, amid positive economy and corporate earnings outlook, supportive monetary policies and bets the Trump administration will deliver tax cuts and other business-friendly policies.

“Key supports are 22,800-23,100, while resistances fall on 24,000-24,300 levels.

“Despite recent ringgit and oil price strength, we reiterate that KLCI will continue to lag behind the regional markets’ outperformance, underpinned largely by GE14 uncertainty, ongoing November reporting season and concern of 2018 earnings outlook.

“Although a mild technical rebound is anticipated following the formation of two hammers pattern and an oversold market, strong buying momentum is needed for the index to neutralise bearish momentum and encourage a more sustainable recovery. Weekly supports are 1700-1706, while resistances fall at 1728-1736 levels,” the research house said.

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KLSE Stock Press Metal Aluminium Holding 25.5% increase

Press Metal Aluminium Holding Bhd's earnings for the third quarter ended Sept 30, 2017 (3QFY17), which posted a 25.5% increase in net profit, received mixed reviews from analysts today. 

RHB Research Institute analyst Muhammad Syafiq Mohd Salam wrote in a research note saying the quarter results came in within expectations, making up 72% of his estimates. 

"We continue to like the company and maintain our 'Buy' recommendation," Muhammad Syafiq  said.

Meanwhile, AmInvestment Bank Research said Press Metal's cumulative nine-month (9MFY17) net profit missed expectations, coming in at only 66% of its full-year forecast. 

"We believe the variance against our forecast came largely from a lower aluminium ASP (average selling price) realised versus our assumption," it said in its research note earlier today. 

As such, AmInvestment Bank Research trimmed its 2017 forecast for the average selling price of aluminium by 2% to US$1,771 per tonne, from US$1,806 per tonne previously. 

The research house maintained its 'Hold' call on Press Metal's shares, but cut the company's earnings forecast for FY17 by 12%. 

"We continue to like Press Metal, underpinned by the positive price outlook for aluminum in the international market, backed by supply constraints and strong demand from the automotive industry and infrastructure projects; its low cost structure compared to its peers, owing to the cheap hydro power that it has locked in over the long term; and its strong management as evidenced in its ability to bounce back quickly from major production disruptions in the past," AmInvestment Bank added. 

As at 11.06am, Press Metal shares were down 1 sen or 0.21% at RM4.74, after an active mid-morning trade, with 5.344 million shares exchanging hands. 

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Oil markets stable

Oil markets were stable on Monday, with Brent remaining above US$60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended.

Brent crude oil futures, the international benchmark for oil prices, were at US$60.40 per barrel at 0236 GMT, 4 US cents above their last settlement but still close to their highest level since July 2015 and up more than 36% since their 2017 lows last June.

US West Texas Intermediate (WTI) crude futures were up by 5 US cents, or 0.1%, at US$53.95 a barrel.

The Organization of the Petroleum Exporting Countries (OPEC) plus Russia and nine other producers have agreed to hold back about 1.8 million barrels per day (bpd) to get rid of a supply glut. The pact runs to March 2018, but Saudi Arabia and Russia, who are leading the effort, have both voiced their support to extend the agreement.

OPEC is scheduled to meet officially at its headquarters in Vienna, Austria, on Nov. 30.

While OPEC and its partners are withholding supply, US production has risen almost 13% since mid-2016. As a result WTI is trading at a steep discount of around US$6.50 per barrel against Brent, which has made US crude exports to the world attractive.

Confidence in the oil market is evident in the way financial traders have positioned themselves.

Hedge funds and other money managers raised their bullish wagers on US crude futures and options in the week to Oct 24, the US Commodity Futures Trading Commission (CFTC) said on Friday.

The speculator group raised its combined futures and options position in New York and London by 15,041 contracts to 280,634 during the period.

Despite this, some analysts were cautious, pointing to technical chart indicators.

Source :theedgemarkets.com 

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Budget 2018 bodes well for capital market

That Budget 2018 with its emphasis to lower the fiscal deficit to 2.8% of grodd domestic product (GDP) in 2018 from 3.0% in 2017 supported by higher revenue on the back of better-than-expected GDP growth of 5.7% for 2017, should bode well for the capital market. AmBank Research

In an economic update Oct 27,

research Anthony Dass said with such a commitment in place, the implementation is expected to see some improvement in foreign appetite for bonds and equites, especially with Budget 2018 being more redistributive rather than aggressively expansionary.

However, he said the upside appetite could be fairly limited in part due to the impact of rising US interest rates and the Fed’s decision to unwind its balance sheet.

“We reiterate our 10-year Malaysian Government Securities (MGS) yields at 3.95% – 4.00% for 2017.

“We project the 10-year MGS yields would hover around 4.00- 4.05% levels in 2018.

“As for the FBM KLCI, we maintain our end-2017 target of 1,745 points and 1,900 points for end-2018 based on 17.5x 2017F and 2018F earnings at a 1x multiple premium to the 5-year historical average of about 16.5x,” he said. 

source theedgemarket

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HOW NOT TO INVEST

we take a look at some tips on how to avoid picking the wrong investments.

Blind Following The Blind

Never just ‘follow the crowd’. Don’t invest in ‘hot stocks’ just because other people are buying into them. If you know nothing about a particular stock but you’re looking to invest in it, then do your research and make sure it meets your overall investment objective. There’s a term for people who jump into stocks hoping to make a quick buck: they’re called punters, and they’re as likely to lose money on their investment as they are to gain. Unless that’s what you’re looking for, don’t just follow blindly.

Diversify, Diversify, Diversify

There’s a story that’s often reiterated by financial guides and books: if you invest half your money in a company that makes umbrellas, and half in one that makes sunblock, then come rain or shine, you are likely to average out your gains and losses. Though simplistic, this story illustrates an important point: if you invest all your money in one asset, you could lose all your money if that investment fails. Thus, it is always advisable to spread your investments through a number of different investments so as to minimise your risk exposure.

It’s Not Always Show Me the Money

Don’t fall prey to aggressive sales tactics or sweet-talking financial advisers. All financial advisers are required to disclose any commission they will receive from an investment product that you purchase, and they are supposed to do a proper analysis of your risk profile and investment objectives before they tell you what to buy. Read the fine print for any product offered: just because someone offers you the world – or promises high returns – doesn’t mean he or she can deliver or guarantee them.

Count All The Costs

Any investment that you make will incur some sort of fee or charges, so be sure to check what these are. Without factoring these in, you won’t know how much your returns really are worth after deducting the costs involved.

Don’t ‘Tikam Tikam’

If you’re really ready to start investing, then you should have an overall game plan set up before you take the plunge. All investors are seeking returns which suit their goals, but without a game plan, its like wandering into battle without knowing your objectives. With a proper plan, you can check that your portfolio is balanced and that you are headed in the right direction. Here are some of the more common investment objectives:

Capital Preservation

This refers to those who invest with the aim of not losing the original sum of money you had invested. If this is what you’re looking for, then you should be looking at less risky assets with lower returns.

Capital Growth

This refers to investing with the aim of increasing the market value of your original investment amount. Take note, though: higher returns means higher risks.

Income

Some investments give you a regular source of income – for example, some cash deposits or bonds with higher interest payouts or shares that give steady dividends.

Liquidity

This refers to how quickly you can convert your investments into cash. If you’re looking for investments which provide you with liquidity, you should consider whether there is a ready market that is willing to buy your investments. Also pay attention to any costs to redeeming your investments ahead of maturity.

Of course, you can have more than one objective, but be clear what is more important to you. Take note too, that at different stages of life, your investment objectives are likely to change. Review your investment objectives regularly to ensure that your portfolio matches them.

WHO ARE THEY ? WHERE ARE THEY ?

Who are they ? where are they from ? what do they do ? what are the risks inherent in the stock ?

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Effective risk management techniques for Forex traders

The Forex trading industry is always fraught with risks. From volatile markets to getting leveraged positions wrong, traders are exposed to several ways in which their trading accounts can lose money. To succeed in the Forex exchange, traders would have to endure these circumstances of high-risk and minimize their losses as they get through. For traders who are engaged in competitive markets like Malaysia, Forex trading gains are dependent on effective risk management strategies. This being the case, how can they develop effective risk management strategies?

Ways to develop effective risk management strategies:

·         Planning Trades:

Traders should always have a measure of what they are expecting from the Forex market. This helps them decide on developing Forex trading strategiesthat can help them derive the desired results from their trading accounts. Traders should develop well-planned entries and exits and ensure that they minimize their exposure while they are in the market.

·         Take-Profit Points:

The best moment to get out of the market is the moment when the profit target has been achieved. Staying any longer than that would only increase the chances of failure. Hence, traders should always calculate the minimum profit they require from the market to satisfy their RR ratio and set a Take-profit order that executes immediately upon reaching the profit target.

·         Stop-Loss orders:

Losses are inevitable in online trading. No trader can avoid going through a loss-making spell. However, the extent of losses one can accrue is always within one’s control. To be a smart trader, one should ensure that they set up Stop-Loss orders that can guard an account even when the trader is not around. Tools like trailing stops can help traders maximize profits before exiting the market.

Following the aforementioned guidelines can help traders regulate their trading activity and install guards that can help reduce the scale of losses when the inevitable occurs. For novice traders who are getting started with forex trading  in Malaysia, developing a sound risk management methodology is essential and they should seek expert guidance when they are venturing into the same. Partnering with a reputed broker  can help.

Source : medium.com

Market Forecast from Expert Technical Analyst

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FBM KLCI dipped 2.31 points to 1,759.53.

KLCI trends lower as Genting, Tenaga and PetGas drag 

FBM KLCI trended lower at mid-morning today, as losses at key Genting-linked stocks as well as utility giant Tenaga Nasional Bhd and Petronas Gas Bhd (PetGas) dragged the local index lower.

Gainers led losers by 250 to 212, while 285 counters traded unchanged. Volume was 760.52 million shares valued at RM275.83 million.

The top losers included Genting Malaysia Bhd, Cahya Mata Sarawak Bhd, Padini Holdings Bhd, Hartalega Holdings Bhd, DiGi.Com Bhd, Genting Bhd, Hong Leong Bank Bhd, Tenaga and PetGas.

The actives included Palette Multimedia Bhd, Sino Hua-An International Bhd, PUC Bhd, Efficient E-Solutions Bhd, Dutaland Bhd, Malaysian Resources Corp Bhd and ManagePay Systems Bhd.

The gainers included Petron Malaysia Refining & Marketing Bhd, Genting Plantations Bhd, Pineapple Resources Bhd, Mercury Industries Bhd, Rev Asia Bhd and Pestech International Bhd.

Asian shares were a tad firmer on Thursday, taking their cues from strong US data although holiday-thinned trade and uncertainty about the impact of recent hurricanes on the US economy are likely to keep investors cautious, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat while Japan's Nikkei ticked up 0.1%, it said.

Hong Leong IB Research in a trader's brief today said with the releasing of upbeat economic data, coupled with the optimism regarding the Trump's corporate tax reform, the upward trend is likely to sustain over the near term.

"The Dow may trade higher towards 22,800 zone in near term. Meanwhile, investors may pay close attention to comments from a few of the Fed's officials this week to search for clues on the interest rates hike decision.

"On the local front, we think market may stay on a consolidation phase as foreign participation ended with another day of outflow yesterday.

"Also, with the absence of fresh catalyst, the FBM KLCI could be capped near the 1,770-1,775 levels.

"Nevertheless, traders may focus on selected technology-related lower liners as buying support was noticed among stocks like VisDynamics Holdings Bhd and Aemulus Holdings Bhd," it said.

source: theedgemarkets.com

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Stock That Has Trounced the Straits Times Index Handsomely This Week

The local stock market, as represented by the Straits Times Index (SGX: ^STI), inched up 0.3% to 3,220.3 points during the week.

Out of the 30 blue-chip stocks, 11 were in the green; 18 were in the red while one – StarHub Ltd (SGX:CC3) – was unchanged.

The biggest winner in the index was DBS Group Holdings Ltd (SGX: D05). Shares of the bank gained 2.7% or 55 cents to S$20.61.

In the losers’ camp, Comfortdelgro Corporation Ltd (SGX: C52) led the group down. The land transport giant plunged 6.8% or 15 cents to end the week at S$1.98. Is there an opportunity to profit from the panic? You can check out the link here to find out more.

This week saw Jardine Strategic Holdings Limited (SGX: J37) debuting in the Straits Times Index, after booting out SIA Engineering Company Ltd (SGX: S59). Jardine Strategic’s shares fell 0.1% to US$44.84. This was despite them rising 2.2% on Monday.

Elsewhere, rig builder, Sembcorp Marine Ltd (SGX: S51) surged 5.7% to S$1.67.

Its subsidiary, Sembcorp Marine Specialised Shipbuilding Pte Ltd, and SeaOne Caribbean LLC from the USA, have signed a letter of intent for the design and construction of at least two large Compressed Gas Liquid (CGL) carriers. These vessels will be used for SeaOne’s Caribbean Fuels Supply Project, which is dubbed the industry game-changer.

SeaOne President and Chief Operating Officer, Dr Bruce Hall, praised Sembcorp Marine, saying:

SOURCE : fool.sg

SGX,KLSE,FOREX,COMEX 

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Dollar on back foot versus yen on North Korea jitters

The dollar was down 0.42 percent at 111.99 yen, on pace to snap a five-day winning streak against the Japanese currency.

North Korea said on Friday it might test a hydrogen bomb over the Pacific Ocean after U.S. President Donald Trump threatened to destroy the reclusive country, with leader Kim Jong Un promising to make a “mentally deranged” Trump pay dearly for his comments.

“The dollar is coming under a little bit of pressure into the end of the week here. The post FOMC rally in the dollar certainly appears to be losing some steam,” said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.

“Increasing tensions with North Korea is putting a little bit of selling pressure on the dollar, especially against the Japanese yen.”

Meanwhile, sterling skidded against the dollar and the euro after British Prime Minister Theresa May failed to give any concrete details for how Britain might retain preferential access to Europe’s single market.

The euro inched up 0.07 percent to $1.1947, with traders not seeing Sunday’s German elections as a source of risk. Chancellor Angela Merkel is widely expected to win a fourth term in power.

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KLSE/ BURSA MALAYSIA STOCK MARKET

KLSE STOCK MARKET:(18/09/2017)

The FBM KLCI index lost 4.70 points or 0.26% on Thursday. The Finance Index increased 0.05% to 16824.89 points, the Properties Index up 0.30% to 1266.34 points and the Plantation Index down 0.77% to 7922.81 points. The market traded within a range of 7.68 points between an intra-day high of 1788.47 and a low of 1780.79 during the session.

Actively traded stocks include MMAG, MLAB, L&G, HUAAN, ANZO, TRIVE, HIAPTEK, NETX, DNEX-WD and VS-WA. Trading volume decreased to 1890.74 mil shares worth RM1808.72 mil as compared to Wednesday’s 2695.06 mil shares worth RM1847.57 mil.

Leading Movers were AMMB (+15 sen to RM4.50), YTL (+2 sen to RM1.41), IHH (+3 sen to RM6.00), HAPSENG (+4 sen to RM9.05) and PETDAG (+8 sen to RM24.30). Lagging Movers were WPRTS (-11 sen to RM3.78), IOICORP (-10 sen to RM4.54), GENTING (-20 sen to RM9.73), ASTRO (-5 sen to RM2.63) and BAT (-68 sen to RM43.62). Market breadth was negative with 397 gainers as compared to 492 losers.

The KLCI closed lower at 1781.37 points despite overnight gain in US market. Market sentiment was muted amid absence of fresh market leads.

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