Wednesday, 28 October 2015

Daily Market Review | 28-Oct-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


And some major headlines which might be of interest to you and your investments. Previously we knew about Shell migrating part of their Operations out of Malaysia, then AMD and now RHB to downsize? Is the Malaysian economy still that good?

RHB to downsize 1,812 staff, pay out RM309mil
TO MAKE MONEY? Billionaire Lee tells why he is injecting his private land into IOI Properties
Fitch: Optimism in Budget 2016 may pose downside risks 

Happy Trading!

Monday, 12 October 2015

Daily Market Review | 12-Oct-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


Some major headlines today which might have an impact on the KLCI.


Happy Trading!

Friday, 9 October 2015

Daily Market Review | 09-Oct-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


Woke up this morning to know that the US market was bullish last night which might translate into a bullish market for KLCI later? Well that's something we will know in the next 30 mins.
Dow Jones 17,050.75 +138.46 (0.82%)
S&P 500    2,013.43          +17.60 (0.88%)
Nasdaq     4,810.79    +19.64 (0.41%)

And lastly the top headlines for today which might impact your decision on the counters that you might want to invest upon.


Happy Trading!

Wednesday, 7 October 2015

Daily Market Review | 07-Oct-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


Looks like the news for AirAsia going private was well received by the investors as there was a huge jump in the share price earlier today. As of writing, the share has gone up 8 cents or 6.40% increase for the day!

Happy Trading!

Hefty fine for MYEG

For all the MYEG investors, this is one piece of news that you would need to know about. Well it has yet to be finalized but chances of it happening would definitely be high too. Just beware and cautious on your investments as this would definitely have an impact on the share price. 

Read the article below or click on the link for the full article from The Sun.



PETALING JAYA: The Malaysia Competition Commission (MyCC) has proposed imposing a financial penalty of RM307,200 against MyEG Services Bhd for infringing Section 10 of the Competition Act 2010.

In a statement yesterday, MyCC said MyEG had abused its dominant position in the provision and management of online foreign workers permit renewal applications, by applying different conditions to equivalent transactions with other trading parties to the extent that it may harm competition.

The MyCC said the probe, which was based on the complaints filed by numerous parties, found that MyEG had harmed the level of competition in the selling of mandatory insurance policies for online foreign workers permit renewal applications as MyEG is also competing against other insurance companies in the market.

MyEG’s wholly-owned subsidiary MyEG Commerce Sdn Bhd is an agent of RHB Insurance Bhd, which sells the mandatory insurances.

Besides the financial penalty of RM307,200, there will be an additional penalty of RM15,000 for each day in the event MyEG fails to comply with a few remedial actions, including the termination of the existing agency agreements relating to the mandatory insurances and no entry into similar agency agreements – providing an efficient gateway to all insurance companies selling the mandatory insurances, which will allow them to compete at the same level.

MyCC is allowed by law to impose a financial penalty of up to 10% of the worldwide turnover of each enterprise and any remedial action.

In a reply to a Bursa Malaysia query late yesterday, MyEG clarified that at this juncture, the proposed decisions are not final.

“The management will review the proposed decisions with our external legal counsel and will submit a written representation and will make an oral representation to MyCC within the specified period of time to defend against the allegations made by MyCC,” it said.

Tuesday, 6 October 2015

AirAsia to go Private?

Just came across this piece of news a while ago on some speculation that maybe AirAsia might go private. Have a read below or click on the link to the original article from Reuters.



Founders of Asia's largest budget carrier, AirAsia, are sounding out investors to take the company private in a management-led buyout, after a critical research report knocked its shares to a seven-year low, people familiar with the matter said.

AirAsia Bhd co-founder Tony Fernandes is talking to banks to secure financing for the transaction, which could be launched over the next few months, said the people, who did not want to be identified as the discussions were confidential.

At Tuesday's closing level of 1.25 ringgit - exactly the price at which its shares were sold to institutional investors in an initial public offering more than a decade ago - AirAsia is valued at 3.48 billion Malaysian ringgit ($796 million).

Investors were spooked when Hong Kong-based GMT Research questioned AirAsia's accounts in a report in June, driving the airline's shares to their lowest levels since the global financial crisis in 2008.

Group CEO Fernandes, who has led AirAsia's rise from a two-plane operation in 2002 to a billion-dollar business, has been spending more time at AirAsia since then, putting his other businesses and sporting interest to one side.

GMT's allegation that AirAsia uses related-party transactions with loss-making associate carriers to boost its earnings pummeled the airline's shares by as much as 64 percent, and the stock remains down around 40 percent from its levels in early June.

Fernandes has steadfastly defended the company's finances and outlook and said the market was undervaluing AirAsia.

A source familiar with the matter said a challenge for any outside investor looking to invest in AirAsia was that the airline's revenues were largely in Malaysian ringgit, which has lost 20 percent this year, while its costs were in U.S. dollars.

"So anyone trying to buy a stake or who wants be part of the buyout will have to find ways to hedge the currency risk," the source said.

Obtaining financing would be key for the deal to succeed, said the people familiar with the deal.

When contacted by Reuters, an AirAsia spokeswoman declined to comment on the story.

DEBT LEVELS

AirAsia racked up losses and booked impairments during the global financial crisis, forcing it to raise funds later via a private placement and cut its debt.

The company had net debt of 10.5 billion ringgit ($2.4 billion) as of June 2015, down nearly 9 percent from the March quarter.

Fernandes, who along with his long-time business partner, Kamarudin Meranun, owns about 19 percent of AirAsia through a holding company, is hoping for an improvement in the business, helped by a sharp drop in fuel costs, and as main local rival Malaysian Airlines shrinks its routes.

AirAsia's planned move comes more than a year after state investor Khazanah Nasional took troubled national carrier Malaysian Airlines private following two devastating jetliner disasters.

Fernandes, one of Asia's best known corporate leaders, has announced a turnaround plan for AirAsia's loss-making Indonesian and Philippine affiliates as he battles competition from larger groups such as Singapore Airlines, Qantas Airways and Indonesia's privately held Lion Air.

"The share price is undervalued," said Kuala Lumpur-based RHB analyst Ahmad Maghfur Usman.

"Despite having high net gearing, AirAsia has a large fleet of aircraft and its loans are hedged at comfortable levels. It all boils down to whether the consortium (taking it private) can bring more synergy to AirAsia."

Monday, 5 October 2015

Alarming Facts! Must Know for Investors!

Imagine such amount of foreign funds exiting the local equity market. What would be impact in the long term? I would personally say that it has begun to reach an alarming state whereby such huge amounts of foreign funds start to leave the country. The market is not stable enough for the local investors to support and it certainly requires the extra support from the foreign investors. Many predict that the global economy is about to fall and more so for our local equity market.

Check out the article below from The Edge Markets about their say on the foreign funds offload.

Foreign funds offloaded RM598.7m last week, says MIDF Research

KUALA LUMPUR (Oct 5): After a heavy tide out the week before, the outflow of foreign fund from the local equity market reverted to its “normal” pace last week, according to MIDF Research.

In his weekly fund flow today, MIDF Research head Zulkifli Hamzah said the heavy swings in the movement of funds in the last two weeks proved to be a transient phenomenon.

He said investors classified as “foreign” remained net sellers on Bursa last week and that foreign funds offloaded RM598.7 million net in the open market (i.e excluding offmarket deals), a sharp decline from the RM1.27 billion outflow the week before.

Zulkifli said foreign funds were net sellers every single day last week. 

He said selling was relatively heavy on Monday and Thursday, reflecting spillover of negativities from the previous week’s global paranoia and apprehensions over emerging markets as a whole.


“For 2015, last week’s attrition raised the cumulative net foreign outflow to RM18.3 billion, almost three times the RM6.9 billion outflow for the entire 2014.
 
“More importantly, we believe the overhang of foreign liquidity in the market is now at its lowest since the Financial Crisis of 2007.
 
“We estimate the size of the overhang to have dropped to that below RM10 billion for the first time last week, for funds which came in since early 2010,” he said.
 
Zulkifli said foreign participation rate stayed elevated last week.
 
He said the average daily gross volume was RM1.14 billion, picking up from RM1.08 billion the week before.
“Nevertheless, we note that on Tuesday, the volume was only RM1.15 billion although net sale amounted to RM216 million.
 
“Local institutions were passive buyers, mopping up RM539.1 million net on RM2.0 billion participation rate. Average volume had surpassed the RM2 billion mark in the last 8 eight consecutive weeks,” he said.
 
Meanwhile, Zulkifli said retailers remained net buyers, purchasing RM59.6 million, after a record haul for 2015 in the preceding week.
 
Nevertheless, he said participation rate eased to RM664 million, indicating falling speculative element in the market.

Arsenal's Absolutely Awesome Performance | Arsenal 3 Manchester United 0


Arsenal will play host to Manchester United yesterday at the Emirates Stadium. Arsenal's last victory at home against the Red Devils were back in year 2011 when they managed to secure a victory by just a single goal from Aaron Ramsey.

Images source: www.arsenal.com

Arsene Wenger recently prefers Theo Walcott to Olivier Giroud as Walcott and Sanchez continues to impress together. The first goal was scored by Sanchez and it was Ozil's key pass from the edge of the penalty box saw Sanchez cheekly back heel the ball into the goal mouth. It was definitely a great goal from such a wonderful piece of skill.


The next counter attack from Arsenal saw themselves extending the lead once again. It was just a minute ago when Sanchez scores and this time around, Ozil the provider earlier became the goal scorer. Neat passes from Sanchez and Walcott before finally a square pass to Ozil who was unmarked. A quality like Ozil will not be missing out on such a golden opportunity to score and further extend the lead for his team.


It was all one way traffic with Arsenal pushing forward aggressively and they were rewarded with the third goal from Alexis Sanchez on the 19 minute. Theo Walcott once again turned provider to assist in Sanchez's goal. Sanchez took the ball and smashed it into the top corner and definitely a contender for goal of the week.


Aaron Ramsey who was the previous goal scorer back in year 2011 but he missed a great opportunity to score. Opportunities did come by for Arsenal and Manchester United through the second half but both teams did not capitalize on it. Great results for the Gunners but definitely a disappointing result for the Red Devils.

Check out the highlights from YouTube.



Daily Market Review | 05-Oct-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


There is some positive signs from the Tokyo Stock Exchange with the rise of roughly 1 percent. More news in the following links.


What's the impact of the acquisition by Axiata? I feel it's gonna be a positive impact for the Axiata Group in the Southeast Asia region. Read on for more information.

Happy Trading! 


Friday, 2 October 2015

TOP GLOVE at their ALL TIME HIGH

There was an article today from The Star newspapers where the Chairman of Top Glove said that the business is very encouraging thus anticipating a great sales and profit for the company. TOPGLOV opened today weak and at one point it was down by 9 cents at 9.03am. Things are much better at this point of writing as TOPGLOV is up by 3 cents now. Things looking good for TOPGLOV despite the weak market today. 

All the best for the investors today in this counter! Happy Trading!

You can read up on the article as below or click on the link to access the article from The Star.



SHAH ALAM: Top Glove Corp Bhd expects its sales and profit to be at an all-time high this year, boosted by the weak ringgit and lower prices of raw materials.

Chairman Tan Sri Lim Wee Chai said business was “very encouraging”, also due to the results seen from the rubber glove manufacturer’s heavy investment in automation and computerisation in its factories.

“The weakening of the ringgit and strengthening of the US dollar is good for glove manufacturers like us and also for exporters. So, our profit definitely will increase substantially.

“It will be at an all-time high in terms of sales and profit,” he said at a press conference after the opening of the new Top Glove Tower in Setia Alam here.

Lim said the company’s results would be announced on Oct 15 for the financial year ended Aug 31.

“We have seen better results through internal improvement, especially in terms of quality and cost efficiency. We have invested a lot in automation and computerisation over the past three years.

“So now, we have a good harvest and have saved on about 1,000 workers through automation,” he said.

Asked about his outlook on rubber prices, Lim said the current price was reasonable and that he expects it to sustain for some time.

“In terms of latex concentrate, the price was at the height of about RM11 per kilo, but now we are buying for about RM4. Any commodity, when it is at an all-time high or an all-time low, it cannot last.

“The price of four or five ringgit is reasonable. So, we can see that the price of latex concentrate should be able to sustain at this level of between RM4 and RM5 for many months or even years,” he said.

On mergers and acquisitions (M&As), Lim said the company was in discussions with a few local as well as foreign companies to buy over their factories.

“We are always open to M&As. We have already acquired about six companies and have managed to turn loss-making glove companies into profitable companies within two to three years.

“We are talking to a few more glove factories, and this year, we will be more aggressive because we have strong financial strength and a very healthy balance sheet,” he said.

He said the company had net cash of close to RM200mil.

On passing its savings to consumers, Lim said the company had adjusted its prices by between 3% and 5% three times over the past three months following the drop in its costs.

The company produces 45 billion pieces of gloves per year and has 25% of the world market share.

On his wish list for the upcoming Budget announcement, Lim said he hoped the Government would provide incentives for local manufacturers, such as the re-investment allowance, so that they could be more competitive.

“This will allow manufacturers to reinvest in better machinery automation and computerisation.

“The Government withdrew this reinvestment allowance a few years ago and we think this is a mistake,” he said.

Lim added that Malaysia needed to reduce its dependency on foreign workers and also better manage these workers.

Top Glove Tower, which is a 23-storey Grade A and Green Building Index-certified Gold office and retail building, was launched by the Sultan of Selangor, Sultan Sharafuddin Idris Shah, yesterday.

The RM150mil tower has a built-up area of 640,000 sq ft, with 770 car parks and office and retail space of about 300,000 sq ft.

Top Glove occupies three floors and has another 20% of the space still available for rent.

Thursday, 1 October 2015

Daily Market Review | 01-Oct-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.



Wednesday, 30 September 2015

Daily Market Review | 30-Sept-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


And there is some worrying news today regarding foreign investors possibly exiting the Malaysian bond market.

Some foreigners may exit local bond market, no major sell-off seen

Let's hope things get better for us in the near future. Happy Trading!


Tuesday, 29 September 2015

KLCI Slipping Away - Maybe 1,570 by Friday?

The Star published an article KLCI briefly slips below key 1,600 earlier today as we see the index for KLCI falling. There is quite a few uncertainties from the China and US market thus affecting the global economy. Well until we have clear answers to the economy, I would predict the continuous fall of the economy. The following is the full article from The Star or you could click here for it.

KUALA LUMPUR: Blue chips continued to lose ground early Tuesday, with the FBM KLCI briefly falling below the key 1,600 level on selling of Tenaga and Hong Leong Bank.

At 9.27am, the KLCI was down 5.43 points or 0.34% to 1,603. Turnover was 346.44 million shares valued at RM234.92mil. Decliners beat advancers 277 to 103 while 149 counters were unchanged.

However, more downside was seen after the sharp overnight fall on Wall Street and continued net selling of Malaysian equities by foreign funds.

BIMB Securities Research said there was little impetus for the market to improve thus “we may see the FBM KLCI re-test the 1,600 mark again today”

On the external front, Asian shares skidded to three-week lows and the dollar sagged on Tuesday, after weak Chinese data rekindled worries about its fragile economy and led to sharp losses on Wall Street, according to Reuters.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.7% in early trading, touching its lowest levels since Sept 8. Japan's Nikkei stock index tumbled 2.4%.

At Bursa Malaysia, LPI – the major shareholder of Public  Bank --- fell 28 sen to RM13.60. Hong Leong Bank was down 12 sen to RM13.10.

Gamuda lost eight sen to RM4.42. CIMB Equities Research is upbeat on the infrastructure-property based company as the visibility of the next growth cycle is good.

Power giant Tenaga was down eight sen also  to RM11.96.

KESM was down eight sen also to RM4.10. Fitch Ratings believes the revenue from the highly fragmented outsourced semiconductor assembly and test (OSAT) industry could fall by 10% during 2015-16.

http://www.thestar.com.my/Business/Business-News/2015/09/28/Fitch-sees-semicon-outsourcing-revenue-falling-by-10pct/?style=biz 

United Plantations added 20 sen to RM26.20 in thin trade while Hap Seng Plantations added 15 sen to RM2.20.

BAT managed to eke out some small gains after the last selling the previous day, adding 18 sen to RM60.98.

Hartalega displayed its resilience with the glove maker adding 15 sen to RM5.13.

Petronas Gas added eight sen to RM21.94.

Daily Market Review | 29-Sept-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


And here are some of the headlines that you might be interested to know more.


In my opinion, things does not look good yet at this point of time due to uncertainties all around the globe. Do trade with caution. Happy Trading!

Monday, 28 September 2015

Daily Market Review | 28-Sept-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


And this might be an important piece of news for the FGV investors.


Happy Trading!

Sunday, 27 September 2015

Premier League Action - Results & Highlights


The early kick off for the Premiership saw Tottenham Hotspur playing host to Manchester City. Manchester City was previously having a great run in the league until their last defeat to West Ham. Tottenham on the other hand was beginning to gain momentum with 2 wins under their belt. Manchester City was without a few influential players due to injury and that might have cost them the game after taking the lead. All credit to the Spurs team for picking up themselves after going 1 goal down first.

Check out the highlights courtesy from YouTube.

Tottenham 4 Manchester City 1


Leicester City took on Arsenal and once again their counter attack resulted in the opening goal. Leicester was unlucky as the woodwork kept them out twice through the first half. Else it would have been game over for Arsenal after 16 minutes of the opening play. The work rate from Alexis Sanchez is fantastic and with that, he seems to be at the right place at the right time to score the goals. Overall, it was a great display shown by the Arsenal team with a strong mentality to bounce back after going a goal down.

Leicester City 2 Arsenal 5


Liverpool play host to Aston Villa and was in desperate need to secure a victory. The goal came from their captain James Milner and it was a fantastic way to kick start the match. Liverpool's top scorer Daniel Sturridge from the previous season was back from injury and he was instantly on the score sheet once again. The Liverpool defense were napping and it allowed Aston Villa to score 2 goals.

Liverpool 3 Aston Villa 2


The Red Devils were against the Black Cats and this encounter was definitely a one sided match. Manchester United was piling up on the pressure since the kick off and they were rewarded with the goal on the 45th minute. A quick goal for United after the break killed off the game for sure. Sunderland has a couple of attempts but good work from David De Gea kept the pressure off for United. All in all another great home victory for the Red Devils.

Manchester United 3 Sunderland 0


Chelsea travelled to St James Park for their match against Newcastle. Sloppy defending from the defending champions allowed Newcastle to take the lead. Newcastle added the second goal on the 60th minute to be 2 goals up at home. Jose Mourinho immediately made 2 substitutions to change it to a more attacking minded Chelsea. They were rewarded with a goal by Ramires at the 79th minute mark by a fantastic strike from the Brazilian. Chelsea managed to score the equalizer but failed to push on and grab 3 points. All square at St. James Park.

Newcastle 2 Chelsea 2


Other scores from yesterday's kick off.

Southampton 3 Swansea City 1
Stoke City 2 AFC Bournemouth 1
West Ham 2 Norwich City 2

Manchester City's loss was definitely the talk of the week together with Chelsea's inability to exert their dominance over Newcastle. Jose Mourinho's team has been struggling in the Premier League for a few games now with inconsistency. West Ham United is still sitting in the Top 3 of the Premier League table even with the draw yesterday. Liverpool got the victory that they were hunting for and lastly, Manchester United's win puts them at the top of the Premier League table for now.

Saturday, 26 September 2015

NASDAQ:GOOGL DOWN 2.25% | WHY THE HUGE FALL?

It is definitely not something common in the KLCI where we see one share making a loss of 14.76 in one day. Of course within that drastic drop there should be a valid explanation on why the investors or the market reacted that way. Check out the article from The Markets Daily for a review of a rating for Google which might have influenced that drop for the share yesterday.

Image source: Google Finance


Shares of Google Inc. (NASDAQ:GOOGL) have been given an average rating of 2.86 according to Closingbell.co. Closing Bell compiles crowd-sourced stock ratings provided by independent analysts, investors, traders and students. The data provides an alternative view on a stock in comparison to sell-side ratings analyst ratings. The last recorded rating was on 2015-09-12 and there are currently 7 active ratings on the site, with 1 giving a Moderate Buy rating and 0 seeing it as a Strong Buy. The ratings are based on a 1 to 5 scale where 5 represents a Strong Buy and 1 a Strong Sell.

PsychSignal, a proprietary “Natural Language Processing Engine” tuned precisely to the language individual traders and investors use online, has recently identified 1544 posts which mention Google Inc. (NASDAQ:GOOGL) on Twitter and StockTwits.

PsychSignal technology utilizes the wisdom of the crowds in order to extract meaningful analysis not achievable through the study of single individuals. Of the 1544 messages that were posted on 2015-09-24, 195 were bullish in nature while 71 were deemed to be bearish. PsychSignal’s algorithms score each message’s language for the strength of bullishness present on a 0-4 scale. 0 indicates no bullish sentiment measured, 4 indicates strongest bullish sentiment measured. Using this scale, Google Inc. (NASDAQ:GOOGL) received a Bullish sentiment of 1.68241. On the other hand, the algorithm also tracks bearishness on a scale of 0-4 where 0 indicates no bearish sentiment and 4 would indicate strong bearish sentiment. On 2015-09-24, the score for the company was at 1.509577. The net score when combining numbers in order to provide a combined score yields a Bull-Bear score of 0.172833.

Taking a closer look at the data, shows that of the 1402 total messages posted on Twitter, 162 were bullish and 58 were bearish. On StockTwits, there were 20 bullish posts on the stock compared to 11 bearish comments, yielding a bullish intensity of 1.938 and a bearish intensity of 2.328182.

Now taking a look at Wall Street analyst sentiment where analyst recommendations are simplified on a 1-5 scale, Google Inc. is rated 1.22 according to the analysts polled by Zacks research. Three months ago analysts had a consensus rating of 1.43 on the equity. Price targets issued by sell-side analysts range from $620 to $850. The mean consensus price target from the 27 providing projections stands at $744.814.

Investors will be watching how these numbers move leading up to when the company is scheduled to report their earnings release on or around 2015-10-15. Analysts covering the stock are projecting earnings per share of $5.86.

About Google Inc. (NASDAQ:GOOGL)

Google Inc. (Google) is a global technology company. The Company’s business is primarily focused around key areas, such as search, advertising, operating systems and platforms, enterprise and hardware products. The Company generates revenue primarily by delivering online advertising. The Company also generates revenues from Motorola by selling hardware products. The Company provides its products and services in more than 100 languages and in more than 50 countries, regions, and territories. Effective May 16, 2014, Google Inc acquired Quest Visual Inc. Effective May 20, 2014, Google Inc acquired Enterproid Inc, doing business as Divide. In June 2014, Google Inc acquired mDialog Corp. Effective June 25, 2014, Google Inc acquired Appurify Inc, a San Francisco-based developer of mobile bugging application software.

Friday, 25 September 2015

Daily Market Review | 25-Sept-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


And here are some of the major headlines which might be of interest to you. Click on the links below to access the full article.

Global equities’ slide to weigh on KLCI 

KUALA LUMPUR (Sept 25): The FBM KLCI could remain lacklustre today for the fifth day running in line with the overnight slide at global equity markets.

Stocks around the world fell for a fifth day on Thursday, sliding towards two-year lows, as worries lingered over global economic growth and the scandal over Volkswagen's emissions test-cheating rattled Europe's carmakers, according to Reuters.

1MDB draws up Edra list, TNB included

PETALING JAYA: 1Malaysia Development Bhd (1MDB) has reportedly shortlisted several foreign parties, including Qatar’s Nebras Power QSC, Hong Kong-listed CGN Meiya Power Holdings Co and Saudi Arabia-based ACWA Power International for the sale of its power generation arm, Edra Global Energy Bhd.


Tenaga Nasional Bhd (TNB) has also been selected to participate in the sales of 1MDB’s power plants, according to a report by Bloomberg. 


Happy Trading!

Thursday, 24 September 2015

Tottenham Vs Arsenal 1-2 - All Goals & Match Highlights

Arsenal emerged victorious in the North London derby and who would have thought Mathieu Flamini would be the match winner by scoring a brace. This is also the first game where Flamini scored a couple of goals. 

Both teams had their chances but more so for the Gunners. The defending for Spurs was a bit poor and it did cause themselves more problems. It was definitely an entertaining match with lots of attempts from both teams to get on the score sheet.

Check out the highlights below from YouTube.


Wednesday, 23 September 2015

North London Derby | Tottenham vs Arsenal

The Capital One Cup is The Football League’s showpiece cup competition and is one of the three major honours of the domestic football season.


Tonight we have the clash between Tottenham and Arsenal which is also the North London derby. As usual in the derby matches, the intensity for the matches increase and the fans would expect their team to emerge winners.


The home side playing at White Hart Lane would be pressing hard for a win at home. Mauricio Pochettino took the Capital One Cup seriously enough last season to guide Tottenham Hotspur to the Final at Wembley Stadium.

Tottenham Hotspur are unbeaten in their last 6 games in all competitions since a 1-0 loss at Manchester United, while they are back in some sort of form having won 3 in a row heading into this game. They are unbeaten in 5 games at White Hart Lane in all competitions and Tottenham Hotspur have won consecutive games here over the last seven days.

No new injuries for the team so we can expect a strong team against Arsenal. The hero for last week, Son Heung-Min will be hoping that he gains the playing time to prove himself in front of the fans against. Harry Kane will be hoping to open his goal scoring account too. It will be an interesting encounter against Arsenal for this competition.


Arsenal's great run in the Premier League was halted by Chelsea with a 2-0 loss to the defending Champions.Frustrations boiled through the match with red cards from Gabriel Paulista and Santi Cazorla which eventually changed the whole game plan for the Gunners. Arsene Wenger will have to prepare his team both mentality and physically for this derby match. 

No new injuries but Arsenal will be without midfielder Francis Coquelin because of a knee injury. Per Mertesacker is available following illness and fellow defender Gabriel could also feature after having a three-match ban overturned on Tuesday afternoon. Midfielder Santi Cazorla is suspended after he was sent off at Chelsea on Saturday.

Manager Arsene Wenger is expected to rotate his squad, with the likes of youngsters Alex Iwobi and Glen Kamara likely to be included. David Ospina should be selected between the posts for this match.


For this match, Arsenal is giving 0.25 ball under the Asian Handicap and in my opinion this would be a great opportunity to take the home team. Go with Tottenham for the victory at home!

Lackluster Market | More Booster?

The KLCI index fell 21.40 points or 1.31% to 1613.97 for the first half of the day. 


PBBANK at 17.68 down 44 cents or 2.43%

The PBBANK share experienced a drastic fall in the share price. From the announcements page, there was a huge quantity of the share being disposed by EPF yesterday. PBBANK should end the day with a loss.

Maybe some of these recent news might be affecting the KLSE today.



DIGI at 5.47, down 12 cents or 2.15%

The last announcement for the share showed large amounts of shares being disposed by EPF while seeing smaller portions being acquired. It would not be surprising that the earlier session was full of profit taking as the share price has increased tremendously over the past week or so. 

I would say in this lackluster market, you will be seeing more profit taking from the investors. Those previously boosted counters seem to be experiencing large quantity of sales for their shares. Maybe there might be another booster package?

Daily Market Review | 23-Sept-2015

Just sharing the Hong Leong Investment Bank's research for your daily review. With hope that this insight will help you to make better decisions and ultimately bring more profit to your pockets! Click here to view the PDF.


And here is some of the highlights of today's business news.

Westports container tariff hike postponed for another month
New York investors concerned about developments in Malaysia
Kelington secures S$21m contract
U.S Crude futures fall mildly, as fears of softening demand persist

Maybe there might be an opportunity in each and every post. Happy Trading!