Bursa Malaysia opens higher

KUALA LUMPUR: Bursa Malaysia opened higher today, taking the prompt from the better execution on Wall Street on Friday in the midst of firmer raw petroleum costs, a merchant said. 

At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.91 focuses higher at 1,742.56 from last Friday's end of 1,740.65. 

The file opened 1.64 focuses higher at 1,742.29 at 9 am. 

Gainers drove washouts by 144 to 71 while 217 counters stayed unaltered with 1,419 untraded and 19 others were suspended. 

Turnover remained at 184.22 million offers worth RM46.79 million. 

The merchant said the key record was in accordance with Friday's additions on the Wall Street following more grounded desires on US President Donald Trump's tax break choice. 

In the mean time, he stated, the nearby bourse was additionally bolstered by the expansion in the raw petroleum costs because of the news gave an account of Saudi Arabia and Iraq's intends to decrease the raw petroleum supply. 

The overnight benchmark Brent raw petroleum prospects went up 0.16 for every penny to US$57.84 (US$1 = RM4.22) per barrel while the US West Texas Intermediate raw petroleum fates were 0.37 for every penny higher at US$52.03 per barrel. 

Among heavyweights, Public Bank and Petronas Chemicals rose two sen each to RM20.48 and RM7.56, separately, Sime Darby expanded four sen to RM9.10 while Maybank fell a sen to RM9.28 and Tenaga was four sen bring down at RM14.28. 

Of the actives, Hubline lost a large portion of a-sen to 18.5 sen, Trive Property and its warrant ticked up 1.5 sen and a large portion of a-sen to 26 sen and 6.5 sen, separately while DBE and Sterling Progress were level at three sen and 17 sen, individually. 

The FBM Emas Index was 15.40 focuses firmer at 12,529.19, FBMT 100 Index increased 17.39 focuses to 12,173.18, FBM Emas Shariah Index added 13.18 focuses to 12,868.42, FBM Ace rose 8.85 focuses to 6,958.22 and the FBM 70 progressed 37.08 focuses to 15,315.26. 

Area insightful, the Plantation Index was up 20.32 focuses at 7,942.91, Finance Index enhanced 14.60 focuses to 16,310.70 and the Industrial Index was 5.03 focuses better at 3,195.26.

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Bursa Malaysia ended Tuesday's morning

KUALA LUMPUR: Bursa Malaysia finished Tuesday's morning session on a positive note and in accordance with most provincial associates, with the gauge file in significantly higher, while taking prompt from the flattish overnight Wall Street, merchants said. 

At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.70 of a point higher at 1,773.09, in the wake of moving in the vicinity of 1,771.60 and 1,773.71. It opened 0.50 of a point higher at 1,772.87 from Tuesday's end of 1,772.39. 

Market expansiveness was certain, as gainers drove failures 381 to 281, with 341 counters unaltered, 860 untraded and 46 others suspended. Turnover remained at 899.24 million offers worth RM700.28 million. 

A merchant said Asian markets were, for the most part higher as speculators processed income discharges from territorial corporates and a resurgent dollar, however fundamental estimation was wary, after peppy US retail deals information which activated desires of another Federal Reserve rate climb by year-end. 

On the neighborhood front, heavyweight stocks remained in extend bound exchange the nonappearance of more grounded nearby impetuses and quieted tone of US markets. 

Provincially, Japan's Nikkei 225 increased 0.02 for each penny to 19,757.13, Hong Kong's Hang Seng enhanced 0.37 for every penny to 27,276.52, South Korea's Kospi enhanced 0.50 for every penny to 2,345.96, while the Singapore Straits Times file fell 0.91 for each penny to 3,264.28 Among heavyweights, Tenaga and Public Bank increased two sen each to RM14.22 and RM20.60 individually, Sime Darby lost eight sen for RM9.30, Petronas Chemicals facilitated one sen to RM7.14, while Maybank and CIMB Group were level at RM9.69 and RM6.78. 

Of the actives, MLabs Systems increased a large portion of a sen to 21 sen, Kronologi Asia added 5.5 sen to 97.5 sen, MLabs Systems warrant enhanced one sen to 7 sen, REV Asia rose 9.5 sen to 46.5 sen, while MTouche facilitated 3.5 sen to 40 sen. 

The FBM Emas Index was up 19.87 focuses to 12,589.19, the FBM Emas Shariah Index rose 19.39 focuses to 12,722.13 and the FBMT 100 Index enhanced 16.49 focuses to 12,252.53. 

The FBM 70 bounced 64.08 focuses to 14,916.30 as the FBM Ace surged 102.15 focuses to 6,521.43. 

Division shrewd, the Finance Index expanded 19.10 focuses to 16,730.15 and the Plantation Index was 3.09 focuses better at 7,805.61, yet the Industrial Index slipped 3.25 focuses to 3,238.40. 

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Globetronics Technology Bhd’s latest quarterly results

KUALA LUMPUR: Globetronics Technology Bhd's most recent quarterly outcomes have come in accordance with Affin Hwang Capital Research's desires. 

"As foreseen, quarterly income force additionally enhanced into 2Q17. While 1H17 outcomes represented 17% of our entire year figure, we regard this inline, in expectation of a more grounded 2H17 upon full commitment of the light sensor," Affin said. 

Globetronics' 2Q17 center net benefit hopped 54% quarter-on-quarter (qoq) to RM8.1mil, its most elevated amount in the course of the last four quarters. Its development was supported by higher creation volumes in its sensor division, which added to the 26% qoq development in income to RM63mil. 

"We assess that sensor volumes in 2Q17 were higher by 80% qoq with generation of the motion sensor close to its introduced limit of 7 million units in late 2Q17 while the light sensor started large scale manufacturing in May 2017 and there was an expected 8 million units dispatched in 2Q17. 

"In any case, with the related start-up cost and low use levels, 2Q17 Ebitda edge was affected antagonistically, declining 0.5 rate point qoq to 20.7%," Affin said. 

By and large, Affin said Globetronics' 1H17 center income represented 17% and 22% of the house and road entire year gauges and extensively inside desires, due to an expected more grounded 2H17. 

Affin said creation volumes for the light sensor were relied upon to achieve 18 million units in July, 2.6 times June's volume and should add to enhanced benefit in the coming quarter. 

"Suffice to state, Globetronics' execution has officially enhanced altogether in spite of insignificant commitment from the light sensor in 2Q17. 

"We leave our figures unaltered and keep up our "purchase" rating and target cost of RM8 (in view of 20x 2018E EPS). Key dangers to our call would be lost clients or on-going sensor extends that neglect to be planned into current-year models," Affin said.

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Bursa Malaysia remained higher at mid-morning

KUALA LUMPUR: Bursa Malaysia stayed higher at mid-morning with picks up contributed by Petronas Gas and Genting. 

At 11 am, The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained at 1,776.03, up 0.46 of-a-point from Wednesday's end of 1,775.57.

The list had opened 1.32 focuses higher at 1,776.89.

On the more extensive market, gainers outpaced failures 326 to 287, while 330 counters were unaltered, 846 untraded and 34 others suspended.

Turnover remained at 533.24 million offers worth RM365.86 million.

Petronas Gas rose 22 sen to RM18.92 and Genting propelled 11 sen to RM9.69, as both counters contributed 1.45 focuses to the benchmark record.

Of the heavyweights, TNB enhanced two sen to RM14.20, Sime Darby and CIMB rose one sen each to RM9.60 and RM6.66 individually, Axiata fell five sen to RM4.93, Digi declined two sen to RM4.97, while Maybank and Public Bank were every level at RM9.59 and RM20.38. -

Of the actives, Frontken and Iris added one sen each to 30 sen and 16 sen, Hibiscus slid one sen to 38 sen, Bumi Armada declined 2.5 sen to 68.5 sen and Nexgram was level at 4.5 sen.

The FBM Emas Index extended 7.55 focuses to 12,623.31, the FBMT100 Index rose 5.32 focuses to 12,268.44, the FBM Ace enhanced 47.55 focuses to 6,183.19 and the FBM 70 rose 26.89 focuses to 14,931.49.

Be that as it may, the FBM Emas Shariah Index was down 3.70 focuses to 12,826.16. - 

On a sectoral premise, the Industrial Index expanded 0.14 of-a-point to 3,271.82, with the Plantation Index 10.58 focuses bring down at 7,917.14, and the Finance Index sacking 13.13 focuses to 16,836.86. 

Hot stocks of the day

MQTECH (Bursa: 0070) 0.055 +0.005 (+10.00%)

TANCO (Bursa: 2429) 0.105 +0.005 (+5.00%)

ATURMJU (Bursa: 7181) 0.340 +0.020 (+6.25%)

Reference: http://www.mmfsolutions.my/blog/malaysia-stock-pick/

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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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Breakfast briefing

MarketWatch: The S&P 500 fell on Tuesday for a fourth back to back session, weighed by segments touchy to financial development in the midst of frustrating profit and waiting worry over the needs of the Trump organization. - Reuters 

The DJIA fell 106.9 focuses, or 0.54%, to 19,864.23, the S&P 500 lost 2.02 focuses, or 0.09%, to 2,278.88 and the Nasdaq included 1.07 focuses, or 0.02%, to 5,614.79. 

Vitality 

Oil costs ascended on Tuesday on a feeble US dollar and news that the world's top makers cut creation this month more than forecasters had anticipated. Be that as it may, costs pared additions to close the session just hardly higher as month-end benefit taking kept a top on encourages, merchants and specialists said. Brent raw petroleum LCOc1 for March settled up 47 pennies a barrel at US$55.70. Brent for April conveyance was up as much as 2% at the session high. - Reuters 

Forex rundown 

*The ringgit increased 0.04% to 4.4285 for every US$ 

*It lost 0.87% to 4.7798 versus euro 

*Down 0.63% to 5.5672 for every pound sterling 

*Down 0.48% to 3.1337 for every Singapore dollar 

*0.19% lower to 3.3464 for every Aussie 

*0.22% higher at 3.9175 for each 100 yen 

Best remote stories 

Retail part all inclusive develops in spite of intense circumstances: The main 250 worldwide retailers produced collected incomes of US$4.31 trillion (RM19.1 trillion) in the monetary year 2015, a composite development of 5.2%, report by Deloitte Global shows. For the third year in succession, income development for the main 250 clothing and adornments retailers beat other item segments. 

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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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