The Value of Life

I received this message via Whatsapp but felt it was a waking up call for us. Many times in life, we tend to be indulged in making money. It has always been money and more money but when will it be the right time to really stop making money and enjoy what we have. Hope you guys will have a good read and wake up.

Are we earning to pay builders and interior designers, caterers and decorators?  

Whom do we want to impress with our highly inflated house properties & fat weddings?

Do you remember for more than two days what you ate at someone's marriage? 

Why are we working like dogs in our prime years of life?

How many generations do we want to feed?

Most of us have two kids. Many have a single kid. 

How much is the "need" and how much do we actually "want"?? 
Think about it.

Would our next generation be incapable to earn, that we save so much for them!?!

Can not we spare one and a half days a week for friends, family and self??

Do you spend even 5% of your monthly income for your self enjoyment? 
Usually...no!

Why can't we enjoy simultaneously while we earn?   

Spare time to enjoy before you have slipped discs and cholesterol blocks in your heart!!!

We don't own properties, we just have temporary name on documents.

GOD laughs sarcastically, when someone says,
"I am the owner of this land"!!   

Do not judge a person only by the length of his car. 

Many of our science and maths teachers were great personalities riding on scooters!!    

It is not bad to be rich, but it is very unfair, to be only rich.

Let's get a LIFE, before life gets us, instead....

One day, all of us will get  separated  from each other; we will miss our conversations of everything & nothing; the dreams that we had. 

Days will pass by, months, years, until this contact becomes rare... One day our children will see our pictures and ask 'Who are these people?' And we will smile with invisible tears  because a heart is touched with a strong word and you will say: 'IT WAS THEM THAT I HAD THE BEST DAYS OF MY LIFE WITH'.

Send this to all your friends that you will never forget. 

Put this on the whatsapp of those who made you smile in any type of way. 

Thank you for making me smile for sometime in my life.👏

The savior for SCABLE after hitting the 52 week low?

The Sarawak Cable Berhad share price hit its lowest on Tuesday, 30^th August 2016. It is definitely not good for a listed company to be at its lowest price compared to the whole of last year. The SCABLE results for the first and second quarter can be deemed disappointing but at times business has its ups and downs. 

The good news and maybe the revival of the SCABLE share price was released yesterday by the Group Managing Director and Chief Executive Officer Aaron Toh Chee Ching has indicated that the power cable supply contract, which is estimated to be worth between RM80mil and RM100mil, could be signed this month. The full article from The Star newspapers can be accessed from here.

With the release of the potential contract signing yesterday, the SCABLE share rose by 2 cents to close at 1.25. Although the increase of the mere 2 cents would not mean too much but it does mean a lot for the SCABLE counter. I believe it is the revival of the confidence for the investors and the share price after dropping to its lowest after the Sarawak elections.

For all the investors of SCABLE, hopefully the good news and signing of the contract comes fast. It might be Friday and the market be sluggish a bit but hopefully with this piece of news, the investors will still be keen with this counter. Would you want to invest in this counter after the release of the news?

All the best and happy trading!

The Future of Sarawak Cable [SCABLE]

The quarter results for SCABLE was released last week and it definitely did not look good for the company. The profit dipped more than 50% and there was certainly a few factors which caused the company that downfall.

According to Hong Leong Bank Investment Research, the outcome was as follows.

• SCABLE reported 2QFY16 results with revenue of RM346.2m (+14% YoY, -5% QoQ) and earnings of RM4.9m (-58% YoY, +38% QoQ).
• 2Q results were lower YoY due to margin compression for both the cable and construction division. The QoQ improvement resulted from the cable division swinging back to profitability.
• Cumulative 1H earnings summed to RM8.5m, falling -64% YoY.

The highlights for SCABLE

• Cables recovering. The cable division returned to the black in 2Q with PBT of RM7.3m vs loss of -RM3.7m in the previous quarter due to delayed orders from Tenaga. New orders from Tenaga have started contributing in 2Q and should further improve in 2H but likely at a slower rate than what we had earlier envisaged.
• Weak margins for construction. 1H construction PBT margins suffered a YoY contraction from 10.7% to 4.4%. This was due to certain variation orders which have yet to be approved but its costs were recognised upfront.
• Hopeful for more contracts. SCable has tendered for over RM1bn in transmission line projects. We understand that parent-co Sarawak Energy will roll out another RM600m in 500kV transmission lines next year. In our view, SCable is in a decent position to secure this job given its track record with the current 500kV line. SCable is also aiming to supply 275kV cables for RAPID (including construction) and 132kV cables for the MRT2 (MRT1 was also supplied by them).

For further information, you can read up on the full report here.

The quarter results were released on Tuesday, 23-Aug-2016. The share prices fell 3.10% the following day after the results were made known to the public. The drastic fall of 4 cents in a day pulled the share price to close at 1.25.

To many, the outcome from the second quarter is well below par and many would have expected that this company would be doing well and gaining more local contracts after the Sarawak election. There was not much movement for the share price on Thursday, 25-Aug-2016 till around 3.41pm when there was more selling and it dragged the share down to its opening value at 1.25. The share closed weaker with a loss of 1 cent to close at 1.24 or 0.80% down for the day.

With the HLIB research released to the public and the sentiments did not seem positive, the share price of the SCABLE share seems to drop further as HLIB forecasted the TP at 1.30. Things started off slow on Friday and even slower for SCABLE. Things however got a bit interesting at around 4.15pm when the buying started to kick in and eventually moved the share price up 4 cents or 3.23% to close at 1.28.

In my opinion, this is a money making company and the first half of 2016 might not be favourable to them thus far. There is lots of opportunities for new contracts and more work from Tenaga Nasional to say the least. The sharp buying at the end of Friday might be a bounce back or will it be the right beginning for the SCABLE company? I would feel in these couple of months, the target price for the SCABLE share will be hovering around 1.40 and if the new contracts were to be announced by the company, we should see the share price around 1.55. I believe with the Sarawak Elections a few months back, there is a fair bit of expectation by the investors on this share. For me, it is still worth the investment and there should be good profits in the next half of 2016.

Happy Trading!

What's the future for Magnum Berhad?

It was published by The Star newspapers on Friday, 19-August-2016 regarding the loss for Magnum Berhad. The net profit dipped 63% and according to Magnum, it was due to a high payout for Q2 2016. So with such a high payout, what's the future for this particular counter? Would it still be that attractive for investment? You can read the full newspaper article or directly from the link below.

Magnum net profit dips to RM21.84mil in second quarter

PETALING JAYA: Magnum Bhd reported a lower net profit of RM21.84mil for the second quarter ended June 30, 2016 (Q2’16), owing to a lower contribution from the gaming division arising from exceptionally high payouts.

The number forecast operator’s revenue for the quarter amounted to RM625.78mil. In comparison, Magnum recorded a net profit of RM59.83mil on the back of RM647.13mil in revenue during the same period a year ago.

In a filing with Bursa Malaysia, Magnum noted that its gaming division’s sales had declined by RM21.1mil during the quarter, as it continued to face intense competition from illegal operators and weakness in consumer spending.

For Q2’16, the segment reported a pre-tax profit of RM34mil, or a substantial decline from the RM86.5mil achieved the year before.

According to Magnum, several factors have led to lower gaming sales. Among them are increasing activity by illegal operators, weak consumer spending, and the effects of recognising revenue net of the goods and services tax on gaming supply for six months this year compared to three months from April to June a year ago.

Additionally, the relatively low 4D Jackpot prize pool owing to a higher number of Jackpot strikes during the period had also impacted overall sales, it said.

Meanwhile, its investment holding division has returned to the black with a pre-tax profit of RM3.3mil for the quarter, compared with a pre-tax loss of RM2.4mil a year ago.

The improvement was mainly attributed to the fair value gain of quoted investments registered in the quarter, as opposed to a fair value loss position recognised in the previous corresponding quarter.

You could check out the report from Public Investment Bank regarding their views on the Magnum Berhad share below.

Public Investment Bank - Magnum Berhad

The Magnum Berhad shares closed at 2.47 on Thursday, 18-August-2016. As of 23-August-2016, the share price is 2.35 and it's clearly seen that the investors are not too happy with such a huge dip in the profit. There was a report saying that the investors are still willing to stay on with Magnum Berhad as the share price was seen to jump up 2 cents on Monday to close at 2.40. This is a share that I'll be monitoring and hopefully in the near future, I shall have more news on Magnum Berhad.

Happy Trading!

The Olympics is Over!

We shall now be heading over to Japan for Olympics in year 2020! From what we have experienced in Rio, I'm sure Japan will outdo them easily.

The part whereby they showed that the Olympics 2020 will be held in Japan was definitely a fantastic way to close off the Olympics. If you have missed that opportunity to see how the Japanese have done it, check out the video below.

What a ingenious way to showcase what the Japanese could be offering cum 2020! I can't wait for sure but somehow it's gonna be a long 4 years before we get there!

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!

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.

Auto sector hit by low ringgit, foreign marques price expected to rise

Petronas remains committed to CanadaLNG project

Foreign funds net buyers in week ended Oct 9

Asian stocks consolidate gains on cautious optimism in early trade Monday

Happy Trading!

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.

YTL Power successful bidder to supply power for 2 year 10 months

Malaysian palm oil falls on bearish data outlook

Sell China shares, says top forecaster

Happy Trading!

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.

MyCC proposes financial penalty of RM307,200 on MyEG

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.

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.

Exclusive: Beaten-down AirAsia taps investors to take company private - sources

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."

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.

Asia stocks rise in early trade Monday Oct 5

Axiata unit acquires control of Digicel Myanmar Tower

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! 

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.

Top Glove on bullish mode

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.

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.

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!

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.

Emerging stocks decline, extend five-week slump

Emerging markets rout stirs unease about capital curbs

MEA: No rating review for Malaysia expected in next six months

Oil down nearly 3% on Wall Street, China; Cushing draw limits loss

Wall Street drops sharply as anxious investors eye China

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!

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.

No Bank Negara green light yet for FGV purchase of PT Eagle stake

Happy Trading!