FKLI => rangebound; due to +ve US econ news & reduction in Msian export growth
Support 1515; 1505; 1500; 1494
Resistance 1530; 1540; 1550; 1565
FCPO => rangebound; downward price pressure from reduced Msia export; upward pressure from weather concerns in Argentina, Brazil and Msia.
Support 3200; 3150; 3100; 3070
Resistance 3250; 3270; 3300; 3350
buy near/at support with quick cut loss & profit target.
sell near/at resistant with quick cut loss & profit target.
Please confirm with technical analysis before enter / exit trade.
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FKLI NEWS
US banking stocks rally => S&P 500 up 0.03%; NASDAQ up 0.31%; DJIA down 0.10%
http://www.bloomberg.com/news/2012-01-11/oil-australian-dollar-drop-as-u-s-economic-optimism-countered-by-europe.html
FKLI NEWS
Expansion in automobile factories in Ohio & gas fields in North Dakota => US factories added 225,000 workers & mining jobs increase, will support 870,000 oil & gas field workers => fuel most of US job gains => overall US employers added 1.64 million workers => boost US citizen disposable income => boost consumer confidence => demand for imported goods up => performance of Msia exporting firm up => upward price pressure on KLCI & FKLI
http://www.bloomberg.com/news/2012-01-11/u-s-job-outlook-brightens-from-ohio-factories-to-dakota-fracking-economy.html
FKLI NEWS
Troubled EU zone economies => Malaysia 2012 export growth to slow down sharply => downward price pressure on KLCI, FKLI
http://www.theedgemalaysia.com/business-news/199210-stocks-to-watch-takaso-cimb-tan-chong-supermax-hibiscus.html
TAKASO NEWS
Expected to seal an agreement with Kayumas Plantation Ltd on today. => TAKASO can diversify and use Kayumas resources, esp. logging license in 40,000 ha timber in Papua New Guinea
Expect to see trading activity in TAKASO shares.
http://www.theedgemalaysia.com/business-news/199210-stocks-to-watch-takaso-cimb-tan-chong-supermax-hibiscus.html
CIMB Group NEWS
Phillipines San Miguel Crop finalizing a share transfer deal to sell 60% of Bank of Commerce to CIMB Group
60% of Bank of Commerce worth USD231.3million
Expect to see trading activity on CIMB Group shares.
http://www.theedgemalaysia.com/business-news/199210-stocks-to-watch-takaso-cimb-tan-chong-supermax-hibiscus.html
TAN CHOONG NEWS
Does not plan to buy a stake in PROTON HOLDINGS.
http://www.theedgemalaysia.com/business-news/199210-stocks-to-watch-takaso-cimb-tan-chong-supermax-hibiscus.html
TNB NEWS
Letter from Government on a fuel cost sharing mechanism with Petronas => TNB shares rose to RM6.16 yesterday due to expectation that THNB will post a smaller than expected losses in Q1 of financial year.
In Q4 for financial year ending 31 Aug 2011 lost RM453.9million due to higher fuel costs.
Expect to see trading activity in TNB shares.
http://biz.thestar.com.my/news/story.asp?file=/2012/1/12/business/10244471&sec=business
SUPERMAX Corp Bhd News
Expecting sales up to rm1billion => Expects to post profit after tax between rm100-110million for Financial Year ending Dec 31, 2011.
FY10, net profit is rm158.9million from revenue rm977.3million.
latex prices continue to soften => high demand for natural rubber gloves => Supermax aiming 20-30% sales growth in 2012
Distribution centers in US, EU, Brazil, Canada, Australia to contribute 40% of net profit in FY12.
Expect to see trading activity; mostly PROFIT TAKING ACITIVITES in SUPERMAX shares
http://biz.thestar.com.my/news/story.asp?file=/2012/1/12/business/10245704&sec=business
http://www.theedgemalaysia.com/business-news/199210-stocks-to-watch-takaso-cimb-tan-chong-supermax-hibiscus.html
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FCPO NEWS
US Department of Argiculture expect to publish Crops report on Friday Msian Time => will have effect on CPO & FCPO
Malaysia Jan 1-10 palm oil shipments declined by 16-19% from previous month. => downward price pressure on FCPO
Dry weather in Argentina & Brazil => affect vegetable oil crops sugarcane, soybean, rapeseed oils => these oil prices will up => upward price pressure on CPO & FCPO
La Nina weather events will over around March => Malaysia palm oil production will pick up => downward price pressure on CPO, FCPO prices in the future.
OSK investment analyst Alvin Tai expect FCPO to average rm3000/ton this year.
Disclaimer: Information and opinions contained in this report are for educational purposes only. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or
completeness.
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