Warehouse Clearance @ Citta Mall

If you are an Apple fan and would like to buy some Apple products without forking out too much for it, this would be a great opportunity. There is a warehouse clearance sale at Citta Mall which starts tomorrow for members and open to the public on 31-July till 02-August.

Check out the items on promotion below or you could refer to the website here.

Images source: www.machines.com.my

Looks like there is a whole bunch of goodies available from the machines store. Do go early and grab the opportunity to pick which item that suits you best. I would like to lay my hands on the iPad mini 3 and also the MacBook Pro. The best time to upgrade myself with savings too. Do check out the accessories as there's a whole list of items which are on sale too.

Have a great time at the store picking out what you need at a cheaper price! Have fun shopping!

Morning Session | 29-Jul-2015

Things were a bit rocky this morning but as of now at 11:18AM, the KLCI is 1700.56 with +0.86 to the index.

DIGI had a nervy morning with the share price going downwards after the initial opening. Things are back in the positive area with earnings of 0.56% so far.

WPRTS gained about 4.47% in their share price for the morning trading. 

TOPGLOV gained about 1.46% for the earlier session of the morning and remained on course for positiveness.

Let's hope the market gets more bullish later this afternoon. Happy Trading!

What's Bursa for YOU today?

Today in my personal opinion has been a rocky day for KLSE. There were ups and downs in just one day. It started off rough and it dived quite deep into the red zone but things picked up and steered on positively at around 10:30AM onwards. It was all green and positive till noon before the negativity kicked in again. 

News regarding the trading market in China and our recent political change in the afternoon would definitely be factors as to why the share market remained volatile through the whole day.

My personal pick with confidence is DIGI and I believe this counter will continue to bounce back to positive land in the near future. The good news is DIGI will be giving out the second interim dividend on 05-Aug-2015. Read more here.

Another strong share that I have mentioned previously is MITRA. This stock has been performing well for a few weeks now. Today's highest for the share was at 2.07 and it was the highest for the 52 weeks running. There's quite a lot of goodies that MITRA is giving out and if you are not aware of it, read more here. 

TOPGLOV has been soaring high since 06-Jul-2015 from as low as 6.61 to 7.97 which was recorded from today's high. With the weak currency exchange, this has also boosted the expected income for TOPGLOV. Today TOPGLOV took a heavy fall of 0.35 to close at 7.55. 

CIMB had a rough many weeks but today this share seemed to bounce back. The share price of 5.51 is the highest for today after slipping to 5.32 in the early session of the morning. This share in my opinion is not the most stable in terms of pricing but this counter can definitely bring you some money with the many ups and downs.

It is time to channel our focus to the US stock market later tonight. Let's see how the big players fair in their own league. It might be a rocky week but I'm sure all shall be well soon. In this game, you always have to look for the lowest and then invest in them while waiting for them to rebound. What goes down will come up again! Hopefully this is true and we shall all benefit from it. Happy Trading!

KLCI slumps on weak ringgit, Ikhmas Jaya in focus (Update)

Half a day has gone by for us Malaysians and the KLSE seems to be rocky and in a downward trend. This is what The Star newspapers had to say about the current happenings in our country.

KUALA LUMPUR: The FBM KLCI extended its losses and slipped more than two points at midday on Monday in tandem with the weaker regional markets, weighed down by the weak ringgit while debutant Ikhmas Jaya was in focus.

The ringgit weakened to 3.8140 against the US dollar – the weakest in 17 years -- from 3.8098 at the previous close as a global slump in commodity prices added to concerns over sluggish exports.

At 12.30pm, the KLCI was down 2.54 points or 0.15% to 1,718.22. Turnover was 1.29 billion shares valued at RM775.32mil. There were 285 gainers, 441 decliners and 273 counters unchanged.

China stocks fell sharply on Monday morning as a government-triggered rebound petered out, with attention shifting back to weak fundamentals and lacklustre economic data, Reuters reported.

Hong Kong stocks also slumped, as Asian markets were generally softer after losses on Wall Street and worries over China, while investors also braced for a looming increase in U.S. interest rates.

Hong Leong Investment Research said given the lack of fresh catalysts and an extended selldown on the DJIA last Friday, the KLCI was expected to engage in a prolonged sideways consolidation within 1,700-1,738 band this week with the limelight fixated on the prolonged domestic issues. 

At Bursa Malaysia, construction-based Ikhmas Jaya Group was the most active when it made its debut on the Main Market, adding 20.5 sen to 77.5 sen.

AirAsia rose three sen to RM1.43 as sentiment improved in the low-cost carrier. AirAsia CEO Tan Sri Tony Fernandes said on Monday the company will recapitalise its Indonesian affiliate so that the unit can meet a rule set by the country's transport ministry.

Among the banks, CIMB fell 12 sen to RM5.38, HL Bank 14 sen to RM13.52 and RHB Cap eight sen to RM7.31.

Crude palm oil for third-month delivery fell RM20 to RM2,158. Among the plantations, KL Kepong fell 12 sen to RM22.40 and PPB Group 30 sen to RM15.08.

Tenaga rose two sen to RM12.30.

US light crude oil fell 29 cents to US$47.85 and Brent fell 15 cents to US$54.47. PetDag fell eight sen to RM20.50 but PetChem rose six sen to RM6.39.
  
Among the key regional markets,

Japan’s Nikkei 225 fell 1.04% to 20,330.11;

Hong Kong’s Hang Seng Index fell 2.81% to 24,422.19;

Shanghai’s Composite Index fell 2.44% to 3,971.54;

Taiwan’s Taiex fell 2.17% to 8,577.43; 

South Korea’s Kospi fell 0.16% to 2,042.77;

Singapore’s Straits Times Index fell 0.84% to 3,324.42;

Spot gold fell US$1.50 to US$1,097.61.

Source : The Star

PublicInvest Research Headlines - 23 Jul 2015

HEADLINES

Global: OPEC sees oil drop as short-term, expects stronger demand. A drop in oil prices this month is likely to be short-term and will not deflect OPEC from its policy of keeping output high to defend market share, delegates from Gulf OPEC members and other nations said. Falling Chinese stock markets and the Greek debt crisis have raised concern about demand, while the Iranian nuclear deal could lead to higher oil exports from the Islamic Republic. Benchmark Brent crude, trading below USD57 a barrel on Wednesday, has fallen more than 10% in July. (Reuters)

US: Home sales approach eight-and-a-half-year high, prices surge. US home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said existing home sales increased 3.2% to an annual rate of 5.49m units, the highest level since Feb 2007. (Reuters)

US: World crises dismissed as Fed Sept. liftoff odds stay at 50%. Six weeks of international turmoil from Greece to China have had zero impact on economists’ outlook for the first Federal Reserve rate rise. (Bloomberg)

EU: ECB increases emergency funding by EUR900m. The cap on Emergency Liquidity Assistance (ELA) to Greek banks has been increased by EUR900m (USD981.4m) by the ECB, people familiar with the matter said. The increase, decided by the ECB's policy-setting Governing Council, takes the level of emergency central-bank funding to almost EUR91bn. (Reuters)

EU: Greek bailout talks to last until second half Aug. European Economic and Monetary Affairs Commissioner Pierre Moscovici said creditor institutions were seeking to conclude talks with Greece on a third bailout in the second half of August. Detailed negotiations are due to open in Athens with experts from the European Commission, the ECB and the IMF on Friday. (Reuters)

EU: Greek PM promises will not allow foreclosure of primary homes. Greek Prime Minister Alexis Tsipras on Thursday pledged his government would never allow banks to seize the primary residences of Greeks as parliament prepared to vote on a bill that toughens rules on foreclosures. (Reuters)

EU: Swiss economy seen rebounding after franc-induced setback. Switzerland’s economy will probably eke out meager growth in the 3Q, ending a recession induced by the central bank’s decision to allow the franc to float freely again and lessening the likelihood of further policy easing. (Bloomberg)

Japan: Government says won't meet 2020 fiscal discipline targets. Japan's government said it will not achieve its target of returning to a primary budget surplus in fiscal 2020, suggesting further steps will be needed to boost revenue and lower spending. The target is considered an important checkpoint for Japan as it seeks to reduce a debt/GDP ratio that is the worst in the industrialized world, with public debt standing at around twice the size of its economy. (Reuters)

Markets

DiGi (Outperform, TP: RM6.00): To expand 4G coverage in Sarawak. Digi Telecommunications SB will expand its high-speed broadband 4G coverage to Samarahan and Sibu by year-end, said its head of Sarawak region, Benny Wee. Currently, the coverage was in Kuching City, Bintulu and Miri City. "We are confident that with the expanding of the 4G coverage in the state, our subscriber base will continue to grow," he commented. (Bernama)

AirAsia (Outperform, TP: RM2.53): Says re-starting Japan flights early next year. AirAsia said it will start domestic and international flights from Japan early next year, after a high-profile exit from the market following the collapse of its joint venture with All Nippon Airways (ANA). The company said it has applied to Japan’s transport ministry to operate commercial flights, becoming the latest budget carrier aiming to crack a market long-controlled by ANA and rival Japan Airlines. (AFP)

Fitters: Acquires 40% stake in AHT Syngas. Fitters Diversified has acquired a 40% stake in A.H.T Syngas Technologies N.V. (AHT Syngas), a Germany-based renewable energy systems supplier to move up the value chain in its renewable energy business for RM6.6m. Fitters Diversified MD Datuk Richard Wong said the acquisition would allow the company to expand into Asia, including China and the South-East Asia region. (StarBiz)

Comintel: Gets SEDA nod to extend feed-in-tariff date to Dec 31. Comintel Corporation’s request Sustainable Energy Development Authority Malaysia (SEDA) for an extension in the feed-in-tariff commencement date has been approved. Comintel said SEDA had allowed its unit Comintel Green Technologies SB’s request to start the feed-in-tariff on Dec 31 instead of May 31. (StarBiz)

Taliworks: Proposes 2-into-5 share split. Taliworks Corp has proposed a share split whereby every two of its existing ordinary 50 sen shares will be subdivided into five 20 sen shares. Taliworks is also proposing to issue up to 241.9m free warrants on a one-for-five basis after the proposed share split. It said that the higher volume of shares would enhance the marketability and trading liquidity of its shares while the lower price per share would make them more affordable and appealing to a wider group of public shareholders and/or investors. (StarBiz)

Golden Land: Plans cash distribution of 88 sen per share. Golden Land (GLB) plans to undertake a cash distribution of 88 sen per ordinary share, subject to the completion of the RM655.0m proposed disposal of its subsidiaries and land in Beluran, Sabah, to Felda Global Ventures Holdings’ (FGV) unit. (StarBiz)

MRCB-Quill REIT: 2Q net profit soars on Platinum Sentral contribution. MRCB-Quill Real Estate Investment Trust (REIT) (formerly Quill Capita Trust) (MQReit) recorded a net profit of RM13.6m for 2Q FYE30 June, 2015, a 59.2% jump from a year earlier due to recognition of the full-quarter income contribution from Platinum Sentral. This was achieved on an 85.4% growth in revenue to RM32.2m, attributed mainly to additional revenue arising from the RM740.0m acquisition of Platinum Sentral in Kuala Lumpur on March 30, higher revenue from Plaza Mont’Kiara as well as rental rate increases for some properties. (StarBiz)

MARKET UPDATE

The FBM KLCI might share the negative tone on Wall Street overnight which was dragged by a selloff in technology stocks following disappointing results from Apple, IBM and Microsoft as well as continued weakness in oil prices. At the closing bell, Apple shares dropped more than 4% in response to a poorly-received set of results released after the close on Tuesday, helping to pull the S&P 500 equity index down by 0.2% to 2,114.15 and the Nasdaq Composite by 0.7% to 5,171.77. The Dow Jones Industrial Average dropped 68.25 points, or 0.4%, to 17,851.04 with more than half of the Dow’s drop coming from Apple’s losses. Meanwhile, home-builder stocks rallied after the pace of existing home sales hit the fastest rate since 2007. Across the Atlantic, European stocks also fell as investors turned their attention away from Greece toward corporate earnings. Performance-wise, Germany’s DAX lost 1.1% to 11,604.80, France’s CAC 40 eased by 0.7% to 5,106.57 and the U.K.’s FTSE 100 shed 0.3% at 6,769.07. On a positive note, Goldman Sachs raised its threemonth view on European equities to overweight, citing reduced risks from Greece’s debt crisis as a key factor in the decision.

Back home, the FBM KLCI lost 6.66 points or 0.4% to end at 1,729.53 with 1.66bn shares changed hands valued at RM1.68bn. The regional markers also closed mostly lower, retreated after several consecutive sessions of gains. On the major indices, Japan’s Nikkei Stock Average lost 1.2% at 20,593.67 and Australia’s S&P ASX 200 declined by 1.6% to 5,614.6 and Hong Kong’s Hang Seng Index finished down 1% at 25,282.62. Elsewhere, the Shanghai Composite Index recovered from the early losses and closed 0.2% higher at 4,026.04, its fifth consecutive session of gains. On corporate news, Golden Land plans RM190.3m (or 88 sen per share) cash distribution to reward its shareholders via a share capital reduction and repayment and the proposed distribution of a special dividend of 13 sen per share, subject to the completion of a RM655m disposal of plantation land to Felda Global Ventures Holdings.


Source: PublicInvest Research - 23 Jul 2015

Second interim dividend from DIGI

Last week was full of uncertainty due to the Greece issues and not forgetting our local news which might be affecting the performance of KLSE. Even though things were working out for Greece late last week but I felt I would like to monitor the situation first before investing further in the stocks.

Digi announced 0n 13-Jul-2015 that there will be a second interim dividend which is always good news for the investors. Read from Bursa Malaysia here.

I was monitoring the price of the DIGI share and it wasn't going up as much as I would have thought. Maybe the overall market sentiments have gotten into the investors but with the forecasted rebound of the KLSE next week, I am pretty confident this share will continue to rise. 

Looking forward to another great run for KLSE for all of the traders to make some money! You might want to check out counters like MITRA for their call on bonus shares and warrant. For more information, you could scroll through the list of my posts and get the necessary information there. Happy Trading!

Apple took 92% of all smartphone industry profits in Q1 2015

According to The Wall Street Journal, Apple raked in 92% of all smartphone industry profits in Q1 2015. Last year, the Cupertino giant accounted for 65% of the industry’s operating income.

In terms of unit sales, the Cupertino giant accounts for less than a fifth of all smartphones globally. There are about 1,000 companies in the business of manufacturing smartphones worldwide.

Samsung came behind Apple with 15% of all the industry profits during the quarter. The two tech giants account for more than 100% if all profits, because most of their competitors have lost money or simply broken even during the period.

Higher prices are the main reason for Apple’s overwhelming profit dominance. The average iPhone price of $659 is over three times higher the $185 average price of an Android smartphone.

The Wall Street Journal hasn’t factored in sales data from privately owned companies such as Xiaomi and Micromax. However, their sales performance is not expected to alter the profit landscape significantly.

Going forward, there are plenty of reasons to believe that Apple will continue its industry dominance. The Cupertino giant is reportedly gearing up for record iPhone 6s launch with 85-90 million units ordered to suppliers.

Read more here.

Personally I wasn't such a great fan of iPhone till recently. The iPhone 6 is really exciting and I can't wait for the newer version and generation of iPhone in the coming months. I'm sure the next launch of iPhone will continue to capture the market share. Quite a few of the competitor's mobile phones are now somewhat similar to the iPhone 6. I guess that familiar look and feel for the iPhone 6 is really something that the public wants! Well done to design and creation of iPhone 6! Looking forward to many more great inventions from Apple!

The Future of Greece

From the recent news that was released by The Telegraph, it seems as though Germany is making the necessary measures after the Finance Ministers failed to reach an agreement. What would be the implications if Greece was to leave for good?

The full news from The Telegraph from here.

At 07:38

The German government has begun preparations for Greece to be ejected from the eurozone, as the European Union faces 24 hours to rescue the single currency project from the brink of collapse.

Finance ministers failed to break the deadlock with Greece over a new bail-out package, after nine hours of acrimonious talks as creditors accused Athens of destroying their trust. It leaves the future of the eurozone in tatters only 15 years after its inception.

In a weekend billed as Europe’s last chance to save the monetary union, ministers will now reconvene on Sunday morning ahead of an EU leaders' summit later in the evening, to thrash out an agreement or decide to eject Greece from the eurozone.

Entitlements for MITRAJAYA HOLDINGS BERHAD

There were a few positive announcements recently for MITRA on 3 July 2015. Personally, I'm pleased with the announcements and this is somewhat a good indication of how the company is performing. Well if your company ain't performing well, you won't be able to be distributing benefits to others.


The first piece of good news was the declaration of cash dividend.

• First and final single tier cash dividend of 5 sen per ordinary share of RM 0.50 each in respect of the financial year ended 31 December 2014.
• EX-date : 17-Aug-2015
• Payment date : 27-Aug-2015

The second piece of good news was the bonus shares for the existing investors.

• Bonus issue of up to 222,630,874 new ordinary shares of RM0.50 ("MHB Shares") each in Mitrajaya Holdings Berhad ("MHB") ("Bonus Share(s)") on the basis of one (1) Bonus Share for every two (2) existing MHB Shares held by the shareholders of MHB whose names appear in MHB's Record of Depositors as at 5.00 p.m. on 19 August 2015 ("Entitlement Date") ("Entitled Shareholders") ("Bonus Issue")
• EX-date : 17-Aug-2015
• Entitlement Date : 19-Aug-2015 at 05:00PM

The third piece of good news was the issuing of warrant for the existing shareholders with conditions.

• Bonus issue of up to 89,052,349 free warrants in Mitrajaya Holdings Berhad ("MHB") ("Warrants-D") on the basis of one (1) Warrant-D for every five (5) existing ordinary shares of RM0.50 each in MHB ("MHB Shares") held by the shareholders of MHB whose names appear in MHBs Record of Depositors at 5.00 p.m. on 19 August 2015 ("Entitlement Date") ("Entitled Shareholders")
• EX-date : 17-Aug-2015
• Entitlement Date : 19-Aug-2015 at 05:00PM

More information can be obtained from the official site of KLSE or you can click here

The share price closed at 1.82 on Friday, 03-Jul-2015. The good news have spiked the share price on Monday to a high of 1.89 but it closed at 1.84. I believe we will continue to see positive movements for this share in the near future. There's some bumpy ride for KLSE right now so be prepared to hold on for a while longer to see a higher share price.

Let's hope for the best in this stock and good luck to all the investors out there! Happy Trading!

Welcome Peter Cech to Arsenal!

One of the latest transfer news which benefits the Arsenal fans would be the transfer of Peter Cech recently! It is definitely great news for the Gunners as they now have added another World Class goalkeeper to their starting eleven. Of course if you are David Ospina or Wojciech Szczesny then you might like the extra contention for the position between the goal post.

Image source : www.chelseafc.com 

Arsenal celebrated the signing with a few posters and photos of Peter Cech proudly in the new jersey! I believe with this signing and hopefully a few more, Arsenal will then be the real contenders for Premier League.

 Images source : www.arsenal.com

The first game for Arsenal will be on August 8, 2015 at home against West Ham. Looking forward to see a better squad to challenge for the title. Maybe we shall be seeing Peter Cech in action then? Let's hope the best player will represent the team for glory!

KLSE Rebound

I believe most of us were waiting anxiously for the Fitch Report for Malaysia's rating. It was released by the local newspapers this morning that Malaysia is still doing well. Don't believe? I guess you should have seen your stocks rising this morning.

There is a definite rebound by the stocks but the main question is has your stock recovered enough? Well yesterday was a good buy as it was lower but today would be giving you some hope. Anyhow, I hope that you are all making money and having fun. Happy trading!

For more information, check out The Star's newspaper article here