Bursa Malaysia inches higher early Tuesday on Petronas, Genting picks up

KUALA LUMPUR: Petronas Dagangan, Genting Bhd and Sime Darby supported the FBM KLCI's initial progress on Tuesday in front of the Budget 2018 recommendations to be declared on Friday. 

At 9.16am, the KLCI was up 3.01 focuses or 0.17% to 1,744.48. Turnover was 214.73 million offers esteemed at RM110.63mil. There were 164 gainers, 134 failures and 237 counters unaltered. 

Asian offers held inside striking separation of late decade highs on Tuesday even as Wall Street tumbled from record levels, while monetary forms kept to limit runs in front of key financial occasions, Reuters revealed. 

MSCI's broadest list of Asia-Pacific offers outside Japan was 0.1% firmer at 549.71, not a long way from a 10-year high of 554.63 set a week ago. 

Australian offers additionally edged higher and back toward a 5-1/2 month top addressed Monday, while Japan's Nikkei fell 0.2% from a 21-year high. 

With respect to Bursa Malaysia, Hong Leong Investment Bank (HLIB) Research said mid-to-vast top stocks may even now merge sideways in front of the Budget 2018 proposition this Friday. 

It additionally anticipated that lower liners related would innovation divisions could in any case be exchanged effectively. 

"Likewise, we see a pickup in exchanging volumes on coordinations players, for example, Century Logistics and Xinhwa. 

"Any adjust LRT3 contracts to be granted may add to reestablished exchanging enthusiasm among development stocks," it said. 

Petronas Dagangan added 28 sen to RM24.26, KL Kepong picked up 18 sen to RM24.58, Genting Bhd 10 sen to RM9.45, Sime Darby nine sen to RM9.20 while Petronas Gas propelled eight sen to RM18.28 with only 100 offers done. 

Denko Industrial hopped 27 sen to RM1.55. Its official director and controlling investor Datuk Seri Foo Chee Juan intends to infuse his exclusive accuracy plastic infusion forming firm into Denko at a demonstrative cost of RM1.19bil. 

Adventa included 10 sen in rising exchange on reports Top Glove may to purchase the glove producer. Top Glove lost nine sen to RM6.59 on benefit taking. 

BAT fell 60 sen to RM42 after its second from last quarter income fell by 33%. 

Tenaga and Yinson lost six sen each to RM14.24 and RM3.92.

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Breakfast briefing

MarketWatch: High-flying semiconductor stocks might be balanced for more misfortunes in the coming weeks as a huge swath of chip names reports quarterly outcomes in an area that may have keep running up too far for a few speculators. Financial specialists will parse profit from 40% of the segments in the PHLX semiconductor record throughout the following month. - Reuters 

Top remote stories 

Hutchison offers HK settled line business to I Squared for US$1.9b: Hutchison Telecommunications Hong Kong Holdings Ltd said on Sunday it consented to offer its settled line telecoms business to I Squared Capital for about US$1.9 billion, raising assets to put into cell phone administrations and for working capital. - Reuters 

Facebook's Sandberg calls for new approaches to support ladies' compensation: Facebook Inc head working officer Sheryl Sandberg approached governments and organizations to accomplish more to close the sexual orientation pay hole on Sunday and said the two young ladies and young men ought to be urged to wind up pioneers from an early age. - Reuters 

Audi targets 10 billion euros in cost slices to subsidize electric-auto push: Audi means to cut expenses by 10 billion euros (US$12 billion) by 2022 to help finance a move to electric autos as it looks to proceed onward after the discharges embarrassment, sources near the carmaker said. The main part of the 10 billion cost investment funds would originate from cutting innovative work costs, the sources said. - Reuters 

Vivendi CEO: Telecom Italia won't end up noticeably French or converge with Orange: Top investor Vivendi has no plans to consolidate Telecom Italia with Orange nor to make it French, CEO Arnaud de Puyfontaine told daily paper La Stampa in a meeting. Telecom Italia named Vivendi's Amos Genish as its general administrator for operations on Friday as the French media goliath fixed its grasp on Italy's greatest telephone gathering, where it is the biggest investor with a 24% stake. - Reuters 

Top nearby stories 

Focus on Encorp and Barakah: After getting key investors to come into Iris Corp Bhd, Felda has moved its concentration to enhancing the execution of Encorp Bhd and Barakah Offshore Petroleum Bhd. Felda director Tan Sri Shahrir Abdul Samad said he planned to see changes in Encorp with a view that the property bunch additionally enhance its execution and returns. - StarBiz 

Pioneers have recuperated costs: Chairman Tan Sri Shahrir Abdul Samad said Felda pilgrims have recouped more than their cost of interest in the offers of Felda Global Ventures Holdings Bhd (FGV) if the most recent motivating force relating to the credits considered for the buy of the offers is taken. In that capacity, he stated, the offer value execution of FGV should never again be a worry to the pilgrims. - StarBiz 

Geely-Proton targets delivering 280,000 autos for China and SEA showcases: The legislature has focused on the generation of around 280,000 autos for the China and South-East Asian markets from the key organization between Zhejiang Geely Holdings Group and Proton Holdings Bhd, said Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan. - Bernama 

AmBank focuses in on SMEs: The AmBank Group is optimizing endeavors to develop its little and medium-sized venture (SME) fragment, as it trusts it has turned out to be a standout amongst the most lucrative sections inside the managing an account industry. The neighborhood SME showcase as of now has over RM300bil in resources, incorporating into credits, stores and venture securities. - StarBiz 

Neighborhood securities exchange getting up to speed with local companions: The nearby stock exchange could have a couple of impetuses pulling out all the stops in the second 50% of this current year that may push it to get up to speed with whatever is left of the district. CIMB Principal Asset Management Bhd boss speculation officer Patrick Chang said the neighborhood showcase has ascended by somewhere in the range of 7% year to date in ringgit terms and around 12% in dollar terms. Local markets in correlation have gone up by 23%. - StarBiz 

Eversendai certain about hitting turnover target: Eversendai Corp Bhd is sure of accomplishing its turnover focus of RM2bil in its current money related year finishing Dec 31, 2017. The organization will concentrate on its center organizations, official administrator and gathering overseeing executive Tan Sri A.K. Nathan stated, including its expansion into the oil and gas segment will in the long run prove to be fruitful for Eversendai. - StarBiz 

BSN sees higher number of premium contributors: Bank Simpanan Nasional (BSN) hopes to expand the quantity of investors for its excellent funds endorsement in the second 50% of 2017 in the midst of the enhanced economy. BSN had 2.8 million contributors with investment funds ensured esteemed at RM3.26bil in the principal a large portion of this current year. - Bernama

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Bursa Malaysia opened higher this morning

KUALA LUMPUR: Bursa Malaysia opened higher at the beginning of today yet supposition stayed lukewarm, with exchanging supported by the kept approaching instabilities as worldwide conclusion debilitated. 

At 9.15am, The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.80 of-a-point higher at 1,766.14 from yesterday's end of 1,765.34.

Prior, the list opened 1.08 focuses better 1,766.42.

On the more extensive market, washouts drove gainers 242 to 174 while 251 counters stayed unaltered with 1,125 untraded and 42 others were suspended.

Turnover remained at 268.16 million offers worth RM126.20 million.

Driving movers in the FBM KLCI part stocks were managing an account stocks, with CIMB increasing five sen to RM6.31, AMMB packed away 10 sen to RM5.20, Hong Leong Financial Group rose 24 sen to RM16.72 and Hong Leong Bank propelled 12 sen to RM14.08.

tTop-weighted heavyweights, Maybank added two sen to RM9.38, TNB and Public Bank were both level at RM13.78 and RM20.06, individually, while Sime Darby fell three sen to RM9.31.

Of actives, Sumatec and Tiger were both level at 6 sen and 6.5 sen, individually, BioAlpha facilitated 2.5 sen to 22 sen and AirAsia X enhanced a large portion of a-sen to 40 sen. 

Settle drove the rundown of top gainers, sacking 54 sen for RM82.04, while best washout, Panamy, fell RM1.34 to RM35.00.

The FBM Emas Index was 5.09 focuses higher at 12,575.99, FBMT 100 Index increased 7.95 focuses to 12,221.03 and the FBM Emas Shariah Index facilitated 11.18 focuses to 12,838.67.

The FBM 70 was up 18.67 focuses at 14,940.38 yet the FBM Ace was 27.13 focuses bring down at 6,192.12. 

Part astute, the Plantation Index climbed 4.26 focuses to 8,014.46, Finance Index rose 65.21 focuses to 16,447.89 however the Industrial Index shed 1.57 focuses to 3,258.79.

Reference: http://www.mmfsolutions.my/blog/stock-recommendation/

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Bursa Malaysia opened marginally lower

KUALA LUMPUR: - Bursa Malaysia opened hardly bring down in the midst of the blended opening in local bourses, as worries over the turmoil in the US organization proceeded with, merchants said. 

At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.63 of-a-point bring down at 1,774.32 from yesterday's end of 1,774.95. 

The record opened 0.63 of-a-point higher at 1,775.58 at 9 am. 

Gainers drove failures 201 to 145 while 239 counters stayed unaltered with 1,164 untraded and 21 others were suspended. 

Turnover remained at 195.89 million offers worth RM84.83 million. 

TA Securities said blue chips were probably going to exchange sideways with rotational purchasing interest noted for loads of chose development organizations considered to be sharp in the Bandar Malaysia extend. 

Among heavyweights, TNB added four sen to RM13.84, Sime Darby increased five sen to RM9.36 while Public Bank, Petronas Chemical and Maybank were level at RM20.10, RM7.35 and RM9.35, separately. 

Of actives, Luster Industries, Asia Bioenergy warrant and Key organization together added a large portion of a-sen each to 16 sen, 3.5 sen and 5.0 sen, individually, and Globaltec was level at 6.5 sen. 

The FBM Emas Index was 5.07 focuses bring down at 12,735.65, the FBMT 100 Index facilitated 4.61 focuses to 12,352.74 and the FBM 70 slipped 6.49 focuses to 15,383.70. 

The FBM Emas Shariah Index added 0.87-of-an indicate 13,073.52 and the FBM Ace hopped 81.94 focuses to 6,681.01. 

Segment astute, the Plantation Index was up 17.06 focuses at 8,088.94, the Industrial Index diminished 10.47 focuses to 3,283.87 and the Finance Index slid 6.64 focuses to 16,374.95.

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CIMB Research retains Reduce call on Hovid

KUALA LUMPUR: CIMB Equities Research is holding its Reduce approach Hovid and entirety of-parts based target cost of 30 sen after the assembling permit for the Chemor plant was reissued on Monday. 

It said on Tuesday this was in accordance with its desires of a two-month rest for the plant. 

"Generally, the net effect of this advancement is inside desires. Consequently, we are not rolling out any improvements to our Reduce call or profit gauges," it stated, including the objective cost was additionally in light of an unaltered cost to-income different of 13.3 circumstances (10% rebate to five-year recorded mean). 

Be that as it may, CIMB Research stays worried about the reputational effect of the suspension and in addition bring down interest for its items. Key dangers to its view are a sharp increment in deals volumes and speedier than-anticipated conveyance of extension arrangements. 

In the interim, Hovid's Ipoh plant's operations are still suspended given the greater multifaceted nature of changes required. Hovid intends to acquire the permit by end-May of 2017. 

Remarking on the Chemor plant, the exploration house said the office contributes 70% of aggregate limit and expanded generation from this plant will balance the deferral in Ipoh plant. 

To recap, Hovid's assembling licenses for both its plants were suspended from Jan 9 after the National Pharmaceutical Control Bureau review found that both plants were rebellious with the Current Good Manufacturing Practice (CGMP). 

On Monday, Hovid reported the agency had reissued the assembling permit for its Chemor Plant. The plant will continue operations on Tuesday. 

Concerning the Ipoh plant, Hovid is executing the essential changes and means to get the permit by end-May 17, upon the fulfillment of the agency. 

"Despite the fact that the postponement in the reissuance of the assembling permit for the Ipoh plant is marginally negative, regardless we see this net advancement as a general positive. This is because of the way that Hovid's Chemor Plant contributes 70% of its aggregate limit. 

"Subsequently, the gathering will have the capacity to build working movements to counterbalance any limit misfortune past the first gauge of just a 60-day break for its Ipoh Plant. Thus, we see this as in accordance with our general desires. 

"In any case, despite everything we expect a powerless 3QFY17 for the gathering. This is because of the two-month fabricating break for the Chemor Plant and irrelevant income commitment from the Ipoh plant amid the period. 

"Albeit existing inventories were permitted to be advertised, we question it was adequate to balance the negative effect of the loss of creation and the powerlessness to satisfy customers' requests amid the period. This is reflected in our anticipated 19.4% on-year decrease in FY17F net benefit," it said.

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Bursa Malaysia lacklustre early Friday

KUALA LUMPUR: Stocks on Bursa Malaysia set up a dull execution early Friday without solid institutional leads in front of the downpour of corporate outcomes while key Asian markets cooled off. 

At 9.30am, the KLCI was down 0.47 indicate or 0.03% 1,707.12. Turnover was 258.09 million shares esteemed at RM99.65mil. There were 195 gainers, 174 washouts and 263 counters unaltered. 

Asian securities exchanges cooled off on Friday from their current surge as financial specialists took benefits, while the dollar crawled up after Thursday's slide and good faith over conceivable recharged supply cuts by OPEC lifted oil costs, Reuters detailed. 

MSCI's broadest file of Asia-Pacific shares outside Japan pulled back 0.2%, on track to end the week up 1.2%, its fourth straight week of additions. 

US unrefined added 0.1% to US$53.43 a barrel in early Asian exchange, however is set out toward a decay of 0.8% for the week. 

Kenanga Investment Bank Research, in its remarks on the specialized viewpoint for the share trading system, said on the outline, the KLCI was taking a load off after its current specialized hole up a week ago. 

"The moving over of day by day RSI and Stochastic from their overbought region are suggesting shortcoming among the bulls, implying of further union play really taking shape. 

"Consequently, we figure that the KLCI is probably going to end the week level inside 1,700-1,710 today, where resistance levels are still found at 1,729 (R1)/1,744 (R2) and bolster tied at 1,700 (S1)/1,680 (S2)," it included. 

Open Bank lost 10 sen to RM19.98, Genting Bhd five sen to RM8.75 and Eon Credit was down four sen to RM15.60. 

KESM fell 12 sen to RM9.51, MFCB eight sen to RM2.60 and LiiHen four sen bring down at RM3.31.

YFG bounced 1.5 sen to six sen with 34 million shares done. It stowed a RM245mil contract for the 1Malaysia People's Housing Program (PR1MA) houses in Pedas, Rembau, Negeri Sembilan. 

DneX added 1.5 sen to 32 sen with 18.97 million shares done. DneX is building another back-end framework for Bukit Megah Sdn Bhd for the last's rehiring project of illicit remote laborers. 

DneX would be paid RM30 per exchange of "eWork Permit", which is the name of the new back-end framework to be set up for Bukit Megah's rehiring operations, as per CIMB Equities Research. 

Among the purchaser stocks, Nestle fell 26 sen to RM76.10 with 200 shares done. BAT was up 48 sen to RM49.26, Carlsberg picked up 22 sen to RM14.34 and Heineken 14 sen higher at RM16.72. 

Rex added seven sen to RM1.88, BIMB increased six sen to RM4.48 and Scientex five sen higher at RM7.13.

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Blue chips climbed early Monday

KUALA LUMPUR: Blue chips climbed early Monday drove by Malaysia Airports Holdings (MAHB) broadening their additions from last Friday as financial specialist estimation livened up taking after the firm overnight close on Wall Street. 

At 9.30am, the KLCI was up 2.23 focuses or 0.13% to 1,687.24. Turnover was 409.67 million shares esteemed at RM150.22mil. There were 282 gainers, 136 washouts and 260 counters unaltered. 

The ringgit moved against the US dollar, up 0.14% to 4.4200 from the past close of RM4.4260. 

Hong Leong Investment Bank (HLIB) Research said taking after the unequivocal breakout over 10-day SMA and neck area resistance, KLCI is ready to retest the year-to-date high of 1,695 (Jan 27) and the 1,700 mental hindrance. 

On the other side, just a plunge underneath a week ago's low of 1667.7 (Feb 2) will nullify the progressing specialized bounce back, it said. 

Last Friday's Dow rally, firmer recuperation in oil costs and Ringgit coupled positive specialized breakout, KLCI could retest the greatly anticipated 1,700 mental hindrance. 

"Be that as it may, promote solid bounce back over 1,700 might be topped by the progressing February announcing season," it said. 

In the mean time, Asian shares edged ahead on Monday as Wall Street accumulated energy into a bustling week of profit with more than 100 noteworthy organizations because of report, while the dollar was again stumbled by an absence of advance on US financial jolt, Reuters detailed. 

MSCI's broadest list of Asia-Pacific shares outside Japan crawled up 0.3%, with Australia ahead by 0.5%. Japan's Nikkei rose 0.7% in the wake of a firmer complete on Wall Street. 

Reuters likewise revealed oil costs edged up on Monday on fears that new US sanctions against Iran could be stretched out to begin influencing unrefined supplies, yet markets were topped by further indications of developing US generation. 

Brent rough fates were exchanging at US$56.86 per barrel at 0037 GMT, up five pennies from their last close. US West Texas Intermediate (WTI) fates were up five pennies at US$53.88 a barrel. 

At Bursa, MAHB added 26 sen to RM6.60 – the greatest picks up lately - after its concession was reached out for an additional 35 years. CIMB Equities Research is keeping up its Add call for MAHB and its reduced income based target cost of RM8.40. 

KL Kepong rose 16 sen to RM24.66, Scomi Engineering 10 sen to 41.5 sen, UMW nine sen to RM5.47 while Zhulian and Tomypak added eight sen each to RM1.47 and RM1.72. 

Be that as it may, BAT fell eight sen to RM45.24, KPJ six sen bring down at RM4.15 while Bursa, Sime Darby and Top Glove shed five sen each to RM8.81, RM8.99 and RM5.05 individually.

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Maybank IB Research has reiterated its year-end target for the FBM KLCI at 1,750 points

KUALA LUMPUR: Maybank IB Research has emphasized its year-end focus for the FBM KLCI at 1,750 focuses, refering to restricted drawback because of a log jam in remote offering. 

In a note today, the examination house said remote financial specialists have recorded a net inflow of RM400mil in buys of Malaysian values in January in the wake of being net merchants amid the past four continuous months. 

"We hold our view that the drawback for Malaysia values from remote offering ought to be restricted, excepting another worldwide defeat," it said. 

As indicated by Maybank, speculators and reserve chiefs have as of late flagged more inspiration for Bursa Malaysia stocks in the midst of the expected higher raw petroleum costs this year. 

Oil value shortcoming, among different elements, had been a noteworthy benefactor to the FBM KLCI's underperformance for three sequential years from 2014 to 2016, it said. 

"A large portion of the inquiries presently postured by speculators incorporate Bank Negara's arrangement on the ringgit, Malaysian governmental issues (with the likelihood of a mid fourteenth general race), and the resumption of corporate income development following three continuous years of 'no development' ," it said. 

The firm keeps on suggesting topical stocks, for example, those in development, tourism, and in addition general decision plays. 

With both outer and household headwinds anticipated that would stay overwhelming in driving unpredictability, Maybank said it prescribes a guarded approach for financial specialists. 

As at 11:00AM today, the FBM KLCI was last exchanged at 1,675.84 focuses.

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Trading ideas - Fkli Tips

KUALA LUMPUR: Gadang, HeveaBoard, Paramount and Sunway REIT are among the stocks which could see exchanging enthusiasm on Thursday after their corporate news, says JF Apex Research. 

Gadang arrangements to embrace a townhouse extend with a gross advancement estimation of RM160mil in Taman Putra Perdana, Puchong. 

"We are sure with the arrangement as the gathering does not have to fork out the whole of the land cost forthright. We don't change our profit estimate as it is still subject for improvement endorsements. Moreover, the starting and items blend points of interest are still crude at this intersection. 

"Keep up BUY with target cost of RM1.20. We determined our valuation by pegging at PER of 12 times FY17F EPS of 10sen in the wake of considering the weakening of share split, reward share and warrant issue. 

"The valuation is in accordance with its development potential with capability of stowing more development works later on. The objective PE appointed is at the scope of upcycle PE for little and-mid top contractual workers in the midst of ebb and flow blasting foundation works," said JF Apex Research. 

With respect to HeveaBoard, the gathering has proposed to procure a bit of leasehold empty land in Seremban for RM13.46mil through its unit HeveaPac Sdn Bhd to extend its generation limits. 

Vital is purchasing a 66% stake in a K-12 training bunch called REAL Education Group for RM183mil money. The K-12 instruction portion comprises of kindergarten, essential and auxiliary training. 

In the interim, Sunway REIT has wandered into modern land in Bandar Shah Alam by purchasing a real estate parcel for RM91.5mil. 

Overnight on Wall Street, US markets shut higher with the Nasdaq augmenting its record high in spite of droop in medicinal services counters after US president-elect Donald Trump's first news gathering. 

Prior, European stocks finished higher drove by telcos, auto and utility counters after Trump's public interview. 

On the nearby market, the FBM KLCI increased 3.16 focuses to end at 1,675.21 focuses. 

"Taking after the positive execution in the US and Europe, the FBM KLCI could re-test the resistance of 1,680 after its sideways development in the previous few days," JF Apex Research said.

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Manufacturers cautious about possible gas tariff hikes

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) is mindful about the effect of conceivable combined gas value climbs by end of 2019 because of the unverifiable worldwide economy in the following couple of years. 

The business gather had on Friday issued an announcement taking after the declaration by the Energy Commission about the common gas (NG) levy refund of 40 sen for each mmBtu from January to June 2017. 

The FMM said while it respected the discount it was worried about a conceivable total gas cost increment of 22.6% by end of 2019. 

On Thursday, Gas Malaysia Bhd said the Energy Commission had endorsed the normal base levies for the administrative period from January 2017 to end-2019. This would see the normal base NG tax to be RM32.74 per mmBtu by 2019 from RM26.71 per mmBtu in January 2017. 

"FMM perceives that the gas cost go through (GCPT) system is set up and that the normal base tax, which considers the expansion in volume of LNG import and outside trade changes, would be balanced by GCPT declaration for the significant period. 

"In any case, FMM is confident that the legislature would keep on considering ventures aggressiveness versus local rivals in the vitality endowment legitimization and the proposed move to market cost and to persistently evaluate the effect of value audits against the predominant financial and economic situations. 

"FMM would keep on advocating for a reasonable valuing of normal gas, specifically for the privately sourced funneled gas, and look for further engagement with the administration to get further clarity on the premise of the normal base duty assurance for the following three years," said the exchange body.

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KLCI slips early Thursday, FoundPac in focus

KUALA LUMPUR: Blue chips slipped early Thursday on mellow benefit taking after the keep running up the earlier day however oil and gas stocks, particularly the lower liners, saw dynamic exchange, while FoundPac made a firm presentation on the Main Market. 

At 9.11am, the KLCI was down 1.5 focuses or 0.09% to 1,628.80. Turnover was 120.72 million shares esteemed at RM39.56mil. There were 78 gainers, 80 washouts and 141 counters unaltered. 

US oil costs fell on Thursday taking after a shock work in the nation's rough stocks appeared in information distributed by the American Petroleum Institute (API) late on Wednesday. 

US light unrefined prospects were down 39 pennies or 0.72% to US$53.67 at 0033 GMT in the wake of settling up 16 pennies at US$54.06 per barrel in the past session. 

Brent unrefined petroleum prospects had yet to exchange in the wake of settling 13 pennies higher at $56.22 in the past session. 

FoundPac rose 8.5 sen to 62.5 sen with 17.14 million shares done. Its offer cost was 54 sen. 

Borneo Oil, Perisai and KNM rose 0.5 sen each to 18 sen, 9.5 sen and 34.5 sen individually while Hibiscus shed 0.05 sen to 39.5 sen. 

Genting Bhd fell six sen to RM7.91, Maybank shed four sen to RM7.91 and Axiata was down three sen to RM4.59. Sime Darby lost two sen to RM8.06. 

Econbuild was among the gainers, adding five sen to RM1.88 while Pecca and Hua Yang crept up three sen each to RM1.58 and RM1.12.

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