AXIATA Group Bhd mencatatkan prestasi kewangan yang kukuh tahun lalu dengan keuntungan bersihnya melonjak 232 peratus kepada RM1.65 bilion daripada hanya RM497.983 juta tahun sebelumnya.
Pendapatannya tahun lalu naik 15 peratus kepada RM13.105 bilion daripada RM11.348 bilion.
Presiden dan Ketua Eksekutifnya, Datuk Sri Jamaludin Ibrahim, berkata berikutan pencapaian itu, aliran tunai bebas positif kumpulan itu meningkat 265 peratus kepada RM2.1 bilion.
"Hampir setiap strategi kumpulan serta anak syarikat (Celcom Bhd, PT XL Axiata Tbk, Dialog Telekom, dan Axiata (Bangladesh) Ltd (AxB)) dilaksanakan seperti dirancang yang menyaksikan aliran prestasi kewangan sukuan positif.
"Prestasi cemerlang dapat dilihat terutama dalam operasi di Malaysia, Indonesia dan Bangladesh yang menyumbang kepada peningkatan ketara 232 peratus dalam untung bersih, manakala kedua-dua XL dan AxB pula mencatat untung bersih positif setelah merekodkan kerugian dalam tahun sebelumnya," katanya pada sidang media mengumumkan prestasi kewangan berkenaan di Kuala Lumpur, semalam.
Hadir sama Pengarah Eksekutif yang juga Ketua Pegawai Operasi Axiata, Datuk Yusof Annuar Yaacob.
Axiata mencatat untung bersih RM558.283 juta pada suku keempat tahun lalu 9 berbanding kerugian bersih RM515.250 juta pada suku sama tahun sebelumnya.
February 25, 2010
Untung naik tiga kali ganda
LUMPUR 24 Feb. - Kumpulan Axiata Bhd. melepasi semua sasaran yang ditetapkan dengan mencatatkan aliran tunai yang positif untuk pertama kali menerusi peningkatan keuntungan sebanyak tiga kali ganda kepada RM1.65 bilion pada tahun lalu.
Tiga daripada syarikatnya, membabitkan Celcom Axiata Bhd., PT XL Axiata Tbk. (XL) di Indonesia dan Axiata (Bangladesh) Ltd. (AxB), mencatatkan prestasi terbaik bagi membolehkan keputusan kewangan tersebut dicapai.
Celcom mencatatkan pertumbuhan pelanggan sebanyak 124 peratus berdasarkan perbandingan tahun ke tahun, XL pula mengatasi pesaingnya dengan mencatatkan pretasi kewangan tahunan terbaik dengan keuntungan selepas cukai berjumlah Rp1.7 trilion (RM621.4 juta) manakala AxB mencatatkan pemulihan perniagaan menerusi keuntungan pada tahun lalu.
Presiden dan Ketua Pegawai Eksekutif Axiata, Datuk Seri Jamaludin Ibrahim yang menyifatkan keputusan itu sebagai 'cerita dongeng dengan kesudahan yang gembira' berkata, semua asas telah dibina pada tahun lalu untuk masa depan dan tahun ini merupakan masa untuk mengukuhkan kedudukan.
''Seperti kebanyakan cerita dongeng lain kami mahukan ia (prestasi kewangan yang baik) berterusan selama-lamanya. Oleh itu, kami perlu bergerak ke hadapan,'' katanya.
Beliau menyatakan demikian pada taklimat media keputusan kewangan Kumpulan Axiata bagi tahun kewangan berakhir 31 Disember 2009.
Bagaimanapun, Dialog yang beroperasi di Sri Lanka masih menghadapi beberapa saingan luaran dengan perolehannya mengalami penurunan kecil sebanyak satu peratus tahun ke tahun manakala Idea di India pula mencatatkan peningkatan perolehan sebanyak 26 peratus.
Bagi tahun kewangan 2009, Celcom menyumbang 48 peratus kepada perolehan Axiata, diikuti XL (34 peratus), Dialog (sembilan peratus) dan AxB (lapan peratus).
Menurut Jamaludin, bagi bergerak ke hadapan, Axiata memperuntukan antara RM4 bilion hingga RM4.5 bilion bagi modal kerja pada tahun ini.
Tambah beliau, sebahagian daripada modal kerja itu akan digunakan untuk pengembangan perniagaan XL di kawasan luar bandar selain memberi tumpuan membangunkan infrastruktur jalur lebar bergerak untuk XL dan Dialog.
Ditanya, tentang rancangan Axiata, Jamaludin berkata, pihaknya akan memberi tumpuan kepada perkhidmatan jalur lebar.
''Kami akan mempelajari daripada Celcom dan pindahkannya kepada negara lain,'' jelas beliau.
Tambahnya, Axiata juga akan mewujudkan model perniagaan baru dengan kos yang lebih rendah dan diterapkan di lima negara kumpulan itu beroperasi.
Ditanya tentang sumber pendapatan utama pada tahun ini, Jamaludin berkata, secara umum ia akan dijana oleh Celcom dan XL dan operasi di Bangladesh dan Sri Lanka dijangka mencatatkan peningkatan sumbangan menerusi pertumbuhan yang lebih baik.
''Daripada perspektif lain, kami melihat kepada pertumbuhan pelanggan, jalur lebar bergerak dan perkhidmatan bukan suara,'' ujar beliau.
Tiga daripada syarikatnya, membabitkan Celcom Axiata Bhd., PT XL Axiata Tbk. (XL) di Indonesia dan Axiata (Bangladesh) Ltd. (AxB), mencatatkan prestasi terbaik bagi membolehkan keputusan kewangan tersebut dicapai.
Celcom mencatatkan pertumbuhan pelanggan sebanyak 124 peratus berdasarkan perbandingan tahun ke tahun, XL pula mengatasi pesaingnya dengan mencatatkan pretasi kewangan tahunan terbaik dengan keuntungan selepas cukai berjumlah Rp1.7 trilion (RM621.4 juta) manakala AxB mencatatkan pemulihan perniagaan menerusi keuntungan pada tahun lalu.
Presiden dan Ketua Pegawai Eksekutif Axiata, Datuk Seri Jamaludin Ibrahim yang menyifatkan keputusan itu sebagai 'cerita dongeng dengan kesudahan yang gembira' berkata, semua asas telah dibina pada tahun lalu untuk masa depan dan tahun ini merupakan masa untuk mengukuhkan kedudukan.
''Seperti kebanyakan cerita dongeng lain kami mahukan ia (prestasi kewangan yang baik) berterusan selama-lamanya. Oleh itu, kami perlu bergerak ke hadapan,'' katanya.
Beliau menyatakan demikian pada taklimat media keputusan kewangan Kumpulan Axiata bagi tahun kewangan berakhir 31 Disember 2009.
Bagaimanapun, Dialog yang beroperasi di Sri Lanka masih menghadapi beberapa saingan luaran dengan perolehannya mengalami penurunan kecil sebanyak satu peratus tahun ke tahun manakala Idea di India pula mencatatkan peningkatan perolehan sebanyak 26 peratus.
Bagi tahun kewangan 2009, Celcom menyumbang 48 peratus kepada perolehan Axiata, diikuti XL (34 peratus), Dialog (sembilan peratus) dan AxB (lapan peratus).
Menurut Jamaludin, bagi bergerak ke hadapan, Axiata memperuntukan antara RM4 bilion hingga RM4.5 bilion bagi modal kerja pada tahun ini.
Tambah beliau, sebahagian daripada modal kerja itu akan digunakan untuk pengembangan perniagaan XL di kawasan luar bandar selain memberi tumpuan membangunkan infrastruktur jalur lebar bergerak untuk XL dan Dialog.
Ditanya, tentang rancangan Axiata, Jamaludin berkata, pihaknya akan memberi tumpuan kepada perkhidmatan jalur lebar.
''Kami akan mempelajari daripada Celcom dan pindahkannya kepada negara lain,'' jelas beliau.
Tambahnya, Axiata juga akan mewujudkan model perniagaan baru dengan kos yang lebih rendah dan diterapkan di lima negara kumpulan itu beroperasi.
Ditanya tentang sumber pendapatan utama pada tahun ini, Jamaludin berkata, secara umum ia akan dijana oleh Celcom dan XL dan operasi di Bangladesh dan Sri Lanka dijangka mencatatkan peningkatan sumbangan menerusi pertumbuhan yang lebih baik.
''Daripada perspektif lain, kami melihat kepada pertumbuhan pelanggan, jalur lebar bergerak dan perkhidmatan bukan suara,'' ujar beliau.
Untung naik tiga kali ganda
LUMPUR 24 Feb. - Kumpulan Axiata Bhd. melepasi semua sasaran yang ditetapkan dengan mencatatkan aliran tunai yang positif untuk pertama kali menerusi peningkatan keuntungan sebanyak tiga kali ganda kepada RM1.65 bilion pada tahun lalu.
Tiga daripada syarikatnya, membabitkan Celcom Axiata Bhd., PT XL Axiata Tbk. (XL) di Indonesia dan Axiata (Bangladesh) Ltd. (AxB), mencatatkan prestasi terbaik bagi membolehkan keputusan kewangan tersebut dicapai.
Celcom mencatatkan pertumbuhan pelanggan sebanyak 124 peratus berdasarkan perbandingan tahun ke tahun, XL pula mengatasi pesaingnya dengan mencatatkan pretasi kewangan tahunan terbaik dengan keuntungan selepas cukai berjumlah Rp1.7 trilion (RM621.4 juta) manakala AxB mencatatkan pemulihan perniagaan menerusi keuntungan pada tahun lalu.
Presiden dan Ketua Pegawai Eksekutif Axiata, Datuk Seri Jamaludin Ibrahim yang menyifatkan keputusan itu sebagai 'cerita dongeng dengan kesudahan yang gembira' berkata, semua asas telah dibina pada tahun lalu untuk masa depan dan tahun ini merupakan masa untuk mengukuhkan kedudukan.
''Seperti kebanyakan cerita dongeng lain kami mahukan ia (prestasi kewangan yang baik) berterusan selama-lamanya. Oleh itu, kami perlu bergerak ke hadapan,'' katanya.
Beliau menyatakan demikian pada taklimat media keputusan kewangan Kumpulan Axiata bagi tahun kewangan berakhir 31 Disember 2009.
Bagaimanapun, Dialog yang beroperasi di Sri Lanka masih menghadapi beberapa saingan luaran dengan perolehannya mengalami penurunan kecil sebanyak satu peratus tahun ke tahun manakala Idea di India pula mencatatkan peningkatan perolehan sebanyak 26 peratus.
Bagi tahun kewangan 2009, Celcom menyumbang 48 peratus kepada perolehan Axiata, diikuti XL (34 peratus), Dialog (sembilan peratus) dan AxB (lapan peratus).
Menurut Jamaludin, bagi bergerak ke hadapan, Axiata memperuntukan antara RM4 bilion hingga RM4.5 bilion bagi modal kerja pada tahun ini.
Tambah beliau, sebahagian daripada modal kerja itu akan digunakan untuk pengembangan perniagaan XL di kawasan luar bandar selain memberi tumpuan membangunkan infrastruktur jalur lebar bergerak untuk XL dan Dialog.
Ditanya, tentang rancangan Axiata, Jamaludin berkata, pihaknya akan memberi tumpuan kepada perkhidmatan jalur lebar.
''Kami akan mempelajari daripada Celcom dan pindahkannya kepada negara lain,'' jelas beliau.
Tambahnya, Axiata juga akan mewujudkan model perniagaan baru dengan kos yang lebih rendah dan diterapkan di lima negara kumpulan itu beroperasi.
Ditanya tentang sumber pendapatan utama pada tahun ini, Jamaludin berkata, secara umum ia akan dijana oleh Celcom dan XL dan operasi di Bangladesh dan Sri Lanka dijangka mencatatkan peningkatan sumbangan menerusi pertumbuhan yang lebih baik.
''Daripada perspektif lain, kami melihat kepada pertumbuhan pelanggan, jalur lebar bergerak dan perkhidmatan bukan suara,'' ujar beliau.
Tiga daripada syarikatnya, membabitkan Celcom Axiata Bhd., PT XL Axiata Tbk. (XL) di Indonesia dan Axiata (Bangladesh) Ltd. (AxB), mencatatkan prestasi terbaik bagi membolehkan keputusan kewangan tersebut dicapai.
Celcom mencatatkan pertumbuhan pelanggan sebanyak 124 peratus berdasarkan perbandingan tahun ke tahun, XL pula mengatasi pesaingnya dengan mencatatkan pretasi kewangan tahunan terbaik dengan keuntungan selepas cukai berjumlah Rp1.7 trilion (RM621.4 juta) manakala AxB mencatatkan pemulihan perniagaan menerusi keuntungan pada tahun lalu.
Presiden dan Ketua Pegawai Eksekutif Axiata, Datuk Seri Jamaludin Ibrahim yang menyifatkan keputusan itu sebagai 'cerita dongeng dengan kesudahan yang gembira' berkata, semua asas telah dibina pada tahun lalu untuk masa depan dan tahun ini merupakan masa untuk mengukuhkan kedudukan.
''Seperti kebanyakan cerita dongeng lain kami mahukan ia (prestasi kewangan yang baik) berterusan selama-lamanya. Oleh itu, kami perlu bergerak ke hadapan,'' katanya.
Beliau menyatakan demikian pada taklimat media keputusan kewangan Kumpulan Axiata bagi tahun kewangan berakhir 31 Disember 2009.
Bagaimanapun, Dialog yang beroperasi di Sri Lanka masih menghadapi beberapa saingan luaran dengan perolehannya mengalami penurunan kecil sebanyak satu peratus tahun ke tahun manakala Idea di India pula mencatatkan peningkatan perolehan sebanyak 26 peratus.
Bagi tahun kewangan 2009, Celcom menyumbang 48 peratus kepada perolehan Axiata, diikuti XL (34 peratus), Dialog (sembilan peratus) dan AxB (lapan peratus).
Menurut Jamaludin, bagi bergerak ke hadapan, Axiata memperuntukan antara RM4 bilion hingga RM4.5 bilion bagi modal kerja pada tahun ini.
Tambah beliau, sebahagian daripada modal kerja itu akan digunakan untuk pengembangan perniagaan XL di kawasan luar bandar selain memberi tumpuan membangunkan infrastruktur jalur lebar bergerak untuk XL dan Dialog.
Ditanya, tentang rancangan Axiata, Jamaludin berkata, pihaknya akan memberi tumpuan kepada perkhidmatan jalur lebar.
''Kami akan mempelajari daripada Celcom dan pindahkannya kepada negara lain,'' jelas beliau.
Tambahnya, Axiata juga akan mewujudkan model perniagaan baru dengan kos yang lebih rendah dan diterapkan di lima negara kumpulan itu beroperasi.
Ditanya tentang sumber pendapatan utama pada tahun ini, Jamaludin berkata, secara umum ia akan dijana oleh Celcom dan XL dan operasi di Bangladesh dan Sri Lanka dijangka mencatatkan peningkatan sumbangan menerusi pertumbuhan yang lebih baik.
''Daripada perspektif lain, kami melihat kepada pertumbuhan pelanggan, jalur lebar bergerak dan perkhidmatan bukan suara,'' ujar beliau.
Dagangan Bursa bercampur-campur
KUALA LUMPUR 24 Feb - Harga saham di Bursa Malaysia ditutup bercampur-campur hari ini berikutan aktiviti pengambilan untung saham wajaran tinggi terpilih dan kaunter berharga rendah, kata para peniaga.
Bagaimanapun, kenaikan saham mewah lain seperti CIMB Group, DiGi dan British American Tobacco berjaya mengehadkan penurunan, kata mereka.
Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) naik 4.35 mata untuk ditutup kepada 1,270.78 selepas dibuka 1.87 mata lebih tinggi pada 1,268.3 dalam sesi pagi.
Indeks Kewangan naik 38.18 mata kepada 11,139.58, Indeks Perusahaan susut 22.97 mata kepada 2,609.92 manakala Indeks Perladangan menokok 24.23 mata kepada 6,329.07.
Indeks FBM Emas menambah 24.27 mata kepada 8,559.16, FBM70 naik 26.31 mata kepada 8,402.94 manakala Indeks FBM Ace turun 14.2 mata kepada 4,350.64.
Kaunter rugi mengatasi kaunter untung sebanyak 350 berbanding 303 manakala 264 kaunter tidak berubah, 414 tidak diniagakan dan 25 yang lain digantung.Jumlah dagangan di tahap sederhana pada 650.02 juta saham bernilai RM1.16 bilion, turun sedikit berbanding 664.53 juta saham bernilai RM1.14 bilion sebelumnya.
Perolehan dagangan di Pasaran Utama turun sedikit kepada 568.55 juta saham bernilai RM1.15 bilion daripada 583.3 juta saham bernilai RM1.12 bilion semalam.
Jumlah dagangan Pasaran ACE naik kepada 50.73 juta saham bernilai RM12.55 juta daripada 42.36 juta saham bernilai RM9.1 juta sebelumnya.Waran susut kepada 27.87 juta unit bernilai RM3.89 juta daripada 30.96 juta unit bernilai RM4.31 juta semalam.
Di kalangan kaunter cergas Transmile Group jatuh 45.5 sen kepada 45.5 sen, Compugates tidak berubah pada 6.5 sen dan AE Multi turun 18.5 sen kepada 80 sen.
Di kalangan kaunter wajaran tinggi, Sime Darby dan Maxis kedua-duanya tidak berubah masing-masing pada RM8.58 dan RM5.49.Maybank turun satu sen kepada RM6.97,
CIMB Group naik 34 sen kepada RM13.00 manakala MISC berkurangan 30 sen kepada RM7.95.
Barangan pengguna menyumbang 30.38 juta saham yang diniagakan di Pasaran Utama, barangan perusahaan 136.03 juta, pembinaan 23.86 juta, perdagangan dan perkhidmatan 225.72 juta, teknologi 18.0 juta, prasarana 11.18 juta, kewangan 47.62 juta, hotel 8.24 juta, harta 50.32 juta, perladangan 15.87 juta, perlombongan 34,000, REITs 1.21 juta, dan dana tertutup 43,800. - Bernama
Bagaimanapun, kenaikan saham mewah lain seperti CIMB Group, DiGi dan British American Tobacco berjaya mengehadkan penurunan, kata mereka.
Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) naik 4.35 mata untuk ditutup kepada 1,270.78 selepas dibuka 1.87 mata lebih tinggi pada 1,268.3 dalam sesi pagi.
Indeks Kewangan naik 38.18 mata kepada 11,139.58, Indeks Perusahaan susut 22.97 mata kepada 2,609.92 manakala Indeks Perladangan menokok 24.23 mata kepada 6,329.07.
Indeks FBM Emas menambah 24.27 mata kepada 8,559.16, FBM70 naik 26.31 mata kepada 8,402.94 manakala Indeks FBM Ace turun 14.2 mata kepada 4,350.64.
Kaunter rugi mengatasi kaunter untung sebanyak 350 berbanding 303 manakala 264 kaunter tidak berubah, 414 tidak diniagakan dan 25 yang lain digantung.Jumlah dagangan di tahap sederhana pada 650.02 juta saham bernilai RM1.16 bilion, turun sedikit berbanding 664.53 juta saham bernilai RM1.14 bilion sebelumnya.
Perolehan dagangan di Pasaran Utama turun sedikit kepada 568.55 juta saham bernilai RM1.15 bilion daripada 583.3 juta saham bernilai RM1.12 bilion semalam.
Jumlah dagangan Pasaran ACE naik kepada 50.73 juta saham bernilai RM12.55 juta daripada 42.36 juta saham bernilai RM9.1 juta sebelumnya.Waran susut kepada 27.87 juta unit bernilai RM3.89 juta daripada 30.96 juta unit bernilai RM4.31 juta semalam.
Di kalangan kaunter cergas Transmile Group jatuh 45.5 sen kepada 45.5 sen, Compugates tidak berubah pada 6.5 sen dan AE Multi turun 18.5 sen kepada 80 sen.
Di kalangan kaunter wajaran tinggi, Sime Darby dan Maxis kedua-duanya tidak berubah masing-masing pada RM8.58 dan RM5.49.Maybank turun satu sen kepada RM6.97,
CIMB Group naik 34 sen kepada RM13.00 manakala MISC berkurangan 30 sen kepada RM7.95.
Barangan pengguna menyumbang 30.38 juta saham yang diniagakan di Pasaran Utama, barangan perusahaan 136.03 juta, pembinaan 23.86 juta, perdagangan dan perkhidmatan 225.72 juta, teknologi 18.0 juta, prasarana 11.18 juta, kewangan 47.62 juta, hotel 8.24 juta, harta 50.32 juta, perladangan 15.87 juta, perlombongan 34,000, REITs 1.21 juta, dan dana tertutup 43,800. - Bernama
Malaysia pulih lebih cepat
KUALA LUMPUR 24 Feb. - Krisis ekonomi global yang melanda Malaysia semakin hampir ke penghujungnya berdasarkan prestasi Keluaran Dalam Negara Kasar (KDNK) suku keempat di luar jangkaan.
Pakar dan para penganalisis ekonomi berkata, perkembangan positif itu dijangka mampu membantu peningkatan pertumbuhan ekonomi pada 2010.
Sebelum ini kerajaan menganjurkan pertumbuhan ekonomi negara sebanyak tiga hingga empat peratus. Bagaimanapun, Perdana Menteri, Datuk Seri Najib Tun Razak pula membuat sasaran peribadi sebanyak lima peratus.
Ketua Pakar Ekonomi RAM Holdings Bhd., Dr. Yeah Kim Leng berkata, berdasarkan keputusan terbaru itu, kerajaan dijangka meningkatkan unjurkan KDNK negara.
''Dengan keputusan positif ini, ekonomi negara akan pulih dengan lebih cepat berbanding jangkaan awal.
''Petunjuk ini sekali gus menunjukkan sentimen keyakinan pengguna semakin pulih, selain pasaran kerja yang semakin stabil dapat membantu pengukuhan ekonomi,'' katanya kepada Utusan Malaysia di sini hari ini.
Kim Leng turut menyambut baik terhadap bayangan bahawa Bank Negara Malaysia (BNM) akan menaikkan Kadar Dasar Semalaman (OPR).
Tegas beliau, kadar faedah yang rendah adalah sangat berisiko dan akan hanya menyebabkan gelembung aset.
''Perubahan perlu dilakukan secara berperingkat-peringkat supaya tidak memberi kesan kepada kadar pinjaman yang akan dibuat oleh pengguna,'' jelasnya.
Malaysia mencatatkan KDNK sebanyak 4.5 peratus pada suku keempat 2009, kenaikan 1.1 peratus daripada sasaran awal kerajaan 3.4 peratus.
Secara keseluruhannya, KDNK hanya mencatatkan penguncupan 1.7 peratus pada tahun lalu, iaitu lebih rendah daripada sasaran awal -3.0 peratus sebelum ini.
Ekonomi Malaysia menguncup pada suku pertama kepada -6.2 peratus, suku kedua -3.9 peratus dan suku ketiga -1.2 peratus.
Sementara itu, Ketua Pengarah Institut Kajian Strategik dan Antarabangsa Malaysia (ISIS), Datuk Dr. Mahani Zainal Abidin pula menyifatkan prestasi ekonomi negara itu memang sudah dijangkakan.
Malah, jelas beliau, prestasi itu seiring dengan kedudukan ekonomi di negara-negara serantau seperti Singapura, Korea dan China, meskipun berlaku kebimbangan dengan ketidakstabilan pasaran di Eropah.
Bagaimanapun, katanya, ia tidak menganggu keseluruhan pemulihan ekonomi global.
Beliau berkata, pengukuhan ekonomi tersebut banyak disumbangkan oleh pelaksanaan pakej rangsangan ekonomi yang berjalan lancar dan pantas.
Ditanya sama ada kerajaan perlu meneruskan pakej rangsangan ekonomi, beliau berkata: ''Ia tidak perlu kerana negara tidak boleh bergantung secara berterusan kepada program tersebut''.
Dr. Mahani menyifatkan langkah kerajaan mengurangkan perbelanjaan Bajet 2010 adalah baik kerana membolehkan kerajaan berbelanja dengan cekap dalam setiap ringgit yang dibelanjakan.
Bagaimanapun, Ketua Ekonomi Bank Islam Malaysia Bhd., Azrul Azwar Ahmad Tajudin berpendapat, sasaran yang dibuat Perdana Menteri sebanyak lima peratus hanya boleh dicapai pada separuh pertama tahun ini tetapi dalam keadaan berhati-hati.
''Keadaan ekonomi global masih lagi belum pulih sepenuhnya kerana situasi ekonomi di negara-negara membangun masih lagi membimbangkan terutama Amerika Syarikat (AS) yang mengalami masalah pengangguran tinggi.
''Sesetengah pakar ekonomi masih tidak menolak risiko kemungkinan AS akan mengalami kemelesetan ekonomi berganda. Risiko tersebut berada pada kadar 30 peratus hingga 60 peratus,'' jelasnya.
Azrul berkata, prestasi ekonomi pada tahun lalu itu secara keseluruhan dibantu oleh pakej rangsangan ekonomi tetapi apabila kesan itu semakin berkurangan, ia dikhuatiri akan menjejaskan pertumbuhan ekonomi negara.
''Negara perlu berhati-hati dalam menghadapi kehilangan kesan pakej rangsangan dan perlu bersedia berhadapan dengannya,'' jelasnya.
Pakar dan para penganalisis ekonomi berkata, perkembangan positif itu dijangka mampu membantu peningkatan pertumbuhan ekonomi pada 2010.
Sebelum ini kerajaan menganjurkan pertumbuhan ekonomi negara sebanyak tiga hingga empat peratus. Bagaimanapun, Perdana Menteri, Datuk Seri Najib Tun Razak pula membuat sasaran peribadi sebanyak lima peratus.
Ketua Pakar Ekonomi RAM Holdings Bhd., Dr. Yeah Kim Leng berkata, berdasarkan keputusan terbaru itu, kerajaan dijangka meningkatkan unjurkan KDNK negara.
''Dengan keputusan positif ini, ekonomi negara akan pulih dengan lebih cepat berbanding jangkaan awal.
''Petunjuk ini sekali gus menunjukkan sentimen keyakinan pengguna semakin pulih, selain pasaran kerja yang semakin stabil dapat membantu pengukuhan ekonomi,'' katanya kepada Utusan Malaysia di sini hari ini.
Kim Leng turut menyambut baik terhadap bayangan bahawa Bank Negara Malaysia (BNM) akan menaikkan Kadar Dasar Semalaman (OPR).
Tegas beliau, kadar faedah yang rendah adalah sangat berisiko dan akan hanya menyebabkan gelembung aset.
''Perubahan perlu dilakukan secara berperingkat-peringkat supaya tidak memberi kesan kepada kadar pinjaman yang akan dibuat oleh pengguna,'' jelasnya.
Malaysia mencatatkan KDNK sebanyak 4.5 peratus pada suku keempat 2009, kenaikan 1.1 peratus daripada sasaran awal kerajaan 3.4 peratus.
Secara keseluruhannya, KDNK hanya mencatatkan penguncupan 1.7 peratus pada tahun lalu, iaitu lebih rendah daripada sasaran awal -3.0 peratus sebelum ini.
Ekonomi Malaysia menguncup pada suku pertama kepada -6.2 peratus, suku kedua -3.9 peratus dan suku ketiga -1.2 peratus.
Sementara itu, Ketua Pengarah Institut Kajian Strategik dan Antarabangsa Malaysia (ISIS), Datuk Dr. Mahani Zainal Abidin pula menyifatkan prestasi ekonomi negara itu memang sudah dijangkakan.
Malah, jelas beliau, prestasi itu seiring dengan kedudukan ekonomi di negara-negara serantau seperti Singapura, Korea dan China, meskipun berlaku kebimbangan dengan ketidakstabilan pasaran di Eropah.
Bagaimanapun, katanya, ia tidak menganggu keseluruhan pemulihan ekonomi global.
Beliau berkata, pengukuhan ekonomi tersebut banyak disumbangkan oleh pelaksanaan pakej rangsangan ekonomi yang berjalan lancar dan pantas.
Ditanya sama ada kerajaan perlu meneruskan pakej rangsangan ekonomi, beliau berkata: ''Ia tidak perlu kerana negara tidak boleh bergantung secara berterusan kepada program tersebut''.
Dr. Mahani menyifatkan langkah kerajaan mengurangkan perbelanjaan Bajet 2010 adalah baik kerana membolehkan kerajaan berbelanja dengan cekap dalam setiap ringgit yang dibelanjakan.
Bagaimanapun, Ketua Ekonomi Bank Islam Malaysia Bhd., Azrul Azwar Ahmad Tajudin berpendapat, sasaran yang dibuat Perdana Menteri sebanyak lima peratus hanya boleh dicapai pada separuh pertama tahun ini tetapi dalam keadaan berhati-hati.
''Keadaan ekonomi global masih lagi belum pulih sepenuhnya kerana situasi ekonomi di negara-negara membangun masih lagi membimbangkan terutama Amerika Syarikat (AS) yang mengalami masalah pengangguran tinggi.
''Sesetengah pakar ekonomi masih tidak menolak risiko kemungkinan AS akan mengalami kemelesetan ekonomi berganda. Risiko tersebut berada pada kadar 30 peratus hingga 60 peratus,'' jelasnya.
Azrul berkata, prestasi ekonomi pada tahun lalu itu secara keseluruhan dibantu oleh pakej rangsangan ekonomi tetapi apabila kesan itu semakin berkurangan, ia dikhuatiri akan menjejaskan pertumbuhan ekonomi negara.
''Negara perlu berhati-hati dalam menghadapi kehilangan kesan pakej rangsangan dan perlu bersedia berhadapan dengannya,'' jelasnya.
PPB, KLK, Axiata lead gainers
KUALA LUMPUR: Blue chips climbed in early trade on Thursday, Feb 25 with PPB, KL Kepong and Axiata the gainers as investors were encouraged by the economic outlook, improved corporate earnings and firmer overnight close on Wall Street.
However, JCY International, which made its debut on the Main Market, put up a lacklustre performance. At 9.20am, it was down 15 sen to RM1.45 with 20.97 million shares done. Its institutional price was RM1.60.
The FBM KLCI was up 2.21 points to 1,272.9. Turnover was 79 million shares valued at RM92 million. There were 163 gainers, 64 losers and 118 stocks unchanged.
Hwang DBS Vickers Research said it would probably see the local stock market, which was one of the two markets that climbed yesterday out of the 11 Asian stock exchanges that it tracks - trailing its regional peers today.
"Investors will be keen to buy beaten down Asian shares following the overnight rebound on Wall Street. Key U.S. barometers rose between 0.9% and 1.0% after the Fed Chairman said low interest rates would still be needed for the time being," it said in the market outlook report.
At Bursa, as most of the financial reports that were out last evening came in broadly within expectations, there should be little immediate share price reactions, said Hwang DBS Vickers Research.
Unlike yesterday, when CIMB (up 2.7% or 34 sen) alone accounted for nearly the entire 4.4-point increase in the benchmark FBM KLCI after releasing robust earnings. More listed companies - the likes of Sime Darby, Genting group of companies and RHB Capital - are due to announce their scorecard on this last day of reporting.
PPB rose 26 sen to RM16.46, KL Kepong 14 sen to RM16.82 while Axiata added nine sen to RM3.59. SP Setia gained seven sen to RM4.19 and Carlsberg six sen to RM4.62.
Far East was the top decliner, down 30 sen to RM6.50, BAT lost 18 sen to RM41.90 in thin trade.
AE Multi shed 5.5 sen to 74.5 sen, extending its losses from Wednesday. Transmile, which fell 50% yesterday, fell another four sen to 41.5 sen.
However, JCY International, which made its debut on the Main Market, put up a lacklustre performance. At 9.20am, it was down 15 sen to RM1.45 with 20.97 million shares done. Its institutional price was RM1.60.
The FBM KLCI was up 2.21 points to 1,272.9. Turnover was 79 million shares valued at RM92 million. There were 163 gainers, 64 losers and 118 stocks unchanged.
Hwang DBS Vickers Research said it would probably see the local stock market, which was one of the two markets that climbed yesterday out of the 11 Asian stock exchanges that it tracks - trailing its regional peers today.
"Investors will be keen to buy beaten down Asian shares following the overnight rebound on Wall Street. Key U.S. barometers rose between 0.9% and 1.0% after the Fed Chairman said low interest rates would still be needed for the time being," it said in the market outlook report.
At Bursa, as most of the financial reports that were out last evening came in broadly within expectations, there should be little immediate share price reactions, said Hwang DBS Vickers Research.
Unlike yesterday, when CIMB (up 2.7% or 34 sen) alone accounted for nearly the entire 4.4-point increase in the benchmark FBM KLCI after releasing robust earnings. More listed companies - the likes of Sime Darby, Genting group of companies and RHB Capital - are due to announce their scorecard on this last day of reporting.
PPB rose 26 sen to RM16.46, KL Kepong 14 sen to RM16.82 while Axiata added nine sen to RM3.59. SP Setia gained seven sen to RM4.19 and Carlsberg six sen to RM4.62.
Far East was the top decliner, down 30 sen to RM6.50, BAT lost 18 sen to RM41.90 in thin trade.
AE Multi shed 5.5 sen to 74.5 sen, extending its losses from Wednesday. Transmile, which fell 50% yesterday, fell another four sen to 41.5 sen.
CIMB Equities Research keeps Genting Plantations TP at RM8
KUALA LUMPUR: CIMB Equities Research is keeping its earnings forecasts and target price for Genting PLANTATION []s at RM8.00, which is based on a forward P/E of 18 times.
It said on Thursday, Feb 25 that Genting Plantations's final net profit of RM236 million was in line, at 1% above its forecast and 3% above consensus.
Net profit declined 37% due to a 6% drop in FFB production and 21% drop in average price achieved to RM2,236.
There were no major surprises from the key divisions. However, the final dividend was better than expected at 5.25 sen, which brings the full-year dividend to 9 sen (2008: 10 sen), 1 sen higher than the research house's forecast.
"We are keeping our earnings forecasts and target price of RM8, which is based on a forward P/E of 18x. We continue to favour Genting Plantations for its attractive valuations and growth prospects in Indonesia where it is making good progress in new plantings. Factors that could catalyse the stock include higher CPO prices and potential M&As," it said
It said on Thursday, Feb 25 that Genting Plantations's final net profit of RM236 million was in line, at 1% above its forecast and 3% above consensus.
Net profit declined 37% due to a 6% drop in FFB production and 21% drop in average price achieved to RM2,236.
There were no major surprises from the key divisions. However, the final dividend was better than expected at 5.25 sen, which brings the full-year dividend to 9 sen (2008: 10 sen), 1 sen higher than the research house's forecast.
"We are keeping our earnings forecasts and target price of RM8, which is based on a forward P/E of 18x. We continue to favour Genting Plantations for its attractive valuations and growth prospects in Indonesia where it is making good progress in new plantings. Factors that could catalyse the stock include higher CPO prices and potential M&As," it said
CIMB Research maintains Buy on UM Land
KUALA LUMPUR: CIMB Equities Research said higher-than-expected land sale gains pushed UM Land's FY09 net profit 22% past its and consensus estimates.
It said on Thursday,Feb 25 that it is raising its FY10-11 earnings for UM Land by 4%-12% for a more aggressive launch schedule.
"Our RNAV estimate rises from RM4.11 to RM4.21 as we adjust for balance sheet items. This raises our target price from RM2.06 to RM2.11, based on an unchanged 50% discount to RNAV," it said.
It maintains its BUY recommendation in view of the potential re-rating catalysts of 1) the strong finals and higher-than-expected dividend yield of 7%, and 2) further landbank acquisitions and new project launches.
It said on Thursday,Feb 25 that it is raising its FY10-11 earnings for UM Land by 4%-12% for a more aggressive launch schedule.
"Our RNAV estimate rises from RM4.11 to RM4.21 as we adjust for balance sheet items. This raises our target price from RM2.06 to RM2.11, based on an unchanged 50% discount to RNAV," it said.
It maintains its BUY recommendation in view of the potential re-rating catalysts of 1) the strong finals and higher-than-expected dividend yield of 7%, and 2) further landbank acquisitions and new project launches.
Update - Stocks to watch: JCY, Axiata, MAHB, KLK, Media Prima
Written by Loong Tse Min & Joseph Chin
Thursday, 25 February 2010 08:04
KUALA LUMPUR: Stocks on Bursa Malaysia are expected to rise on Tursday, Feb 25, underpinned by the recent strong earnings, more upside for the economy and also the firmer overnight close on Wall Street.
In the US, stocks climbed on Wednesday as investors welcomed the promise of more cheap money following reassurance from Federal Reserve Chairman Ben Bernanke that interest rates will remain low.
The Dow Jones industrial average gained 91.75 points, or 0.89 percent, to 10,374.16. The Standard & Poor's 500 Index rose 10.64 points, or 0.97 percent, to 1,105.24. The Nasdaq Composite Index advanced 22.46 points, or 1.01 percent, to 2,235.90.
In Malaysia, the economy rebounded from a recession, expanding by an annual rate of 4.5% in the fourth quarter (4Q) of last year, following three consecutive quarters of contraction in the gross domestic product (GDP).
Prime Minister Datuk Seri Najib Razak forecast the economy would grow by 5% this year.
Stocks to watch on Thursday are JCY International which will list on the Main Board. Its institutional price was fixed at RM1.60 per share and the retail offer was RM1.52 per share. The earlier indicative retail price for JCY was RM2.
JCY's net profit for the first quarter ended Dec 31, 2009 (1QFY10) jumped 223% to RM77.46 million from RM24 million a year ago attributed to factors such as product mix, economy of scale, capacity utilisation, cost control measures and raw materials cost.
Axiata Group Bhd, Malaysia Airports Holdings Bhd (MAHB), KUALA LUMPUR KEPONG BHD [] and MEDIA PRIMA BHD [].
Axiata posted net profit of RM558.28 million in the fourth quarter ended Dec 31, 2009 versus a net loss of RM515.28 million a year ago, driven mainly by improved contribution from Celcom Group, XL Group, AxB and Dialog Group.
MAHB, whose net profit rose 145% year-on-year (y-o-y) to RM140.24 million in its fourth quarter ended Dec 31, 2009 (4QFY09), is looking at raising between RM2 billion and RM2.5 billion in the first half (1H) of the year.
KLK's net profit more than tripled to RM241.8 million in its first quarter ended Dec 31, 2009 (1QFY10) from RM65.8 million a year earlier, due to improved downstream operations and its retail division as well as a RM19.3 million writeback of investment losses.
Profit before tax (PBT) rose 124.1% to RM329.5 million although revenue fell 7.2% to RM1.7 billion from RM1.9 billion. No dividend was declared.
KLK said the higher PBT was due to improved earnings from its manufacturing sector, especially the oleochemical division with a profit of RM29.9 million compared with RM2.7 million in 1QFY09 when it wrote off inventories at its China plant.
Media Prima's net profit for its fourth quarter ended Dec 31, 2009 (4Q09) soared to RM192.31 million from RM4.65 million a year earlier, while full-year earnings more than doubled to RM194.8 million from RM86.02 million.
Other counters to watch are CIMB Group Holdings Bhd, which surged 34 sen or 2.69% boosted by its best-ever financial performance.
Multi-level marketing company HAI-O ENTERPRISE BHD [] plans to venture into the China market in one or two years, said group managing director Tan Kai Hee. It also has no plans to raise prices of its products despite the higher production costs.
TRANSMILE GROUP BHD [] lost half its value yesterday, plunging 50% to close at 45.5 sen, its lowest since October 2008, after it reported a whopping net loss of RM213.2 million in its fourth quarter ended Dec 31, 2009 (4QFY09) and falling into PN17 status.
Thursday, 25 February 2010 08:04
KUALA LUMPUR: Stocks on Bursa Malaysia are expected to rise on Tursday, Feb 25, underpinned by the recent strong earnings, more upside for the economy and also the firmer overnight close on Wall Street.
In the US, stocks climbed on Wednesday as investors welcomed the promise of more cheap money following reassurance from Federal Reserve Chairman Ben Bernanke that interest rates will remain low.
The Dow Jones industrial average gained 91.75 points, or 0.89 percent, to 10,374.16. The Standard & Poor's 500 Index rose 10.64 points, or 0.97 percent, to 1,105.24. The Nasdaq Composite Index advanced 22.46 points, or 1.01 percent, to 2,235.90.
In Malaysia, the economy rebounded from a recession, expanding by an annual rate of 4.5% in the fourth quarter (4Q) of last year, following three consecutive quarters of contraction in the gross domestic product (GDP).
Prime Minister Datuk Seri Najib Razak forecast the economy would grow by 5% this year.
Stocks to watch on Thursday are JCY International which will list on the Main Board. Its institutional price was fixed at RM1.60 per share and the retail offer was RM1.52 per share. The earlier indicative retail price for JCY was RM2.
JCY's net profit for the first quarter ended Dec 31, 2009 (1QFY10) jumped 223% to RM77.46 million from RM24 million a year ago attributed to factors such as product mix, economy of scale, capacity utilisation, cost control measures and raw materials cost.
Axiata Group Bhd, Malaysia Airports Holdings Bhd (MAHB), KUALA LUMPUR KEPONG BHD [] and MEDIA PRIMA BHD [].
Axiata posted net profit of RM558.28 million in the fourth quarter ended Dec 31, 2009 versus a net loss of RM515.28 million a year ago, driven mainly by improved contribution from Celcom Group, XL Group, AxB and Dialog Group.
MAHB, whose net profit rose 145% year-on-year (y-o-y) to RM140.24 million in its fourth quarter ended Dec 31, 2009 (4QFY09), is looking at raising between RM2 billion and RM2.5 billion in the first half (1H) of the year.
KLK's net profit more than tripled to RM241.8 million in its first quarter ended Dec 31, 2009 (1QFY10) from RM65.8 million a year earlier, due to improved downstream operations and its retail division as well as a RM19.3 million writeback of investment losses.
Profit before tax (PBT) rose 124.1% to RM329.5 million although revenue fell 7.2% to RM1.7 billion from RM1.9 billion. No dividend was declared.
KLK said the higher PBT was due to improved earnings from its manufacturing sector, especially the oleochemical division with a profit of RM29.9 million compared with RM2.7 million in 1QFY09 when it wrote off inventories at its China plant.
Media Prima's net profit for its fourth quarter ended Dec 31, 2009 (4Q09) soared to RM192.31 million from RM4.65 million a year earlier, while full-year earnings more than doubled to RM194.8 million from RM86.02 million.
Other counters to watch are CIMB Group Holdings Bhd, which surged 34 sen or 2.69% boosted by its best-ever financial performance.
Multi-level marketing company HAI-O ENTERPRISE BHD [] plans to venture into the China market in one or two years, said group managing director Tan Kai Hee. It also has no plans to raise prices of its products despite the higher production costs.
TRANSMILE GROUP BHD [] lost half its value yesterday, plunging 50% to close at 45.5 sen, its lowest since October 2008, after it reported a whopping net loss of RM213.2 million in its fourth quarter ended Dec 31, 2009 (4QFY09) and falling into PN17 status.
CIMB zooms in on 52-week high
Written by Yong Min Wei
Wednesday, 24 February 2010 23:47
KUALA LUMPUR: CIMB Group Holdings Bhd today closed 34 sen or 2.69% higher boosted by its best-ever financial performance which saw its net profit more than doubled to RM802.89 million in the fourth quarter ended Dec 31, 2009 (4QFY09) from RM318.6 million a year earlier.
The counter opened at its intra-day low of RM12.84 and climbed to close at a high of RM13 with 13.5 million shares transacted.
CIMB hit an intra-day high of RM13.58 on Jan 12, 2010 before closing at its 52-week high of RM13.52 after trading at a low of RM5.90 on March 12, 2009.
Of the 25 stockbroking firms polled on Bloomberg, 18 have a buy recommendation, six hold and one sell with a 12-month consensus target price of RM14.84. CIMB’s price-to-earning ratio (PER) currently stands at 16.39 times.
CIMB's revenue jumped 47.87% year-on-year (y-o-y) to RM2.78 billion in 4QFY09, bringing the full-year revenue to breach the RM10 billion mark for the first time, at RM10.67 billion. The group's net profit gained 44% to RM2.81 billion in FY09 from RM1.95 billion the year before.
In a report, OSK Research said CIMB's FY09 earnings were within its expectations but 7.5% above consensus, adding that the group "delivered and even exceeded" most of its key performance indicators (KPI) targets with return on equity (ROE) coming in at 15%.
"It remains committed to delivering its longer term FY11 to FY12 ROEs of 18%-20%, while FY10 ROE remains unchanged at 16%," the research house said.
OSK Research said the 4QFY09 results were the group's best-ever quarterly numbers, with non-domestic contributions increasing from 12% in FY08 to 29% in FY09.
"This indicates that the group is making group progress in its regional growth plans which include a bigger regional investment banking market share and transactional banking growth trajectory," it said while maintaining a buy with a target price of RM14.90 on the stock.
ECMLibra Investment Research said while the group's overall year-on-year loans growth continued to exhibit strong numbers as a result of the consolidation of Lippo Bank and Bank Thai with a 21.2% showing, current quarter loans growth had moderated on a "sequential basis" though still commendable.
"This follows on from the strong 3QFY09 numbers, and is a further sign that the worst in loans growth weakening is behind us," it said in a report yesterday.
ECMLibra said CIMB group's strong performance was largely attributed to better contributions from its Indonesian operations on the back of improved net interest margins, phenomenal growth in its treasury and investment income which saw a 54.9% y-o-y increase.
The group was also aided by improved contributions from the asset management division and a turnaround in CIMB-Aviva's operations, the research house said.
"We continue to like the regional and non-interest income growth prospects of the group, and reaffirm our buy call," ECMLibra said while maintaining the target price on CIMB at RM15.25.
Wednesday, 24 February 2010 23:47
KUALA LUMPUR: CIMB Group Holdings Bhd today closed 34 sen or 2.69% higher boosted by its best-ever financial performance which saw its net profit more than doubled to RM802.89 million in the fourth quarter ended Dec 31, 2009 (4QFY09) from RM318.6 million a year earlier.
The counter opened at its intra-day low of RM12.84 and climbed to close at a high of RM13 with 13.5 million shares transacted.
CIMB hit an intra-day high of RM13.58 on Jan 12, 2010 before closing at its 52-week high of RM13.52 after trading at a low of RM5.90 on March 12, 2009.
Of the 25 stockbroking firms polled on Bloomberg, 18 have a buy recommendation, six hold and one sell with a 12-month consensus target price of RM14.84. CIMB’s price-to-earning ratio (PER) currently stands at 16.39 times.
CIMB's revenue jumped 47.87% year-on-year (y-o-y) to RM2.78 billion in 4QFY09, bringing the full-year revenue to breach the RM10 billion mark for the first time, at RM10.67 billion. The group's net profit gained 44% to RM2.81 billion in FY09 from RM1.95 billion the year before.
In a report, OSK Research said CIMB's FY09 earnings were within its expectations but 7.5% above consensus, adding that the group "delivered and even exceeded" most of its key performance indicators (KPI) targets with return on equity (ROE) coming in at 15%.
"It remains committed to delivering its longer term FY11 to FY12 ROEs of 18%-20%, while FY10 ROE remains unchanged at 16%," the research house said.
OSK Research said the 4QFY09 results were the group's best-ever quarterly numbers, with non-domestic contributions increasing from 12% in FY08 to 29% in FY09.
"This indicates that the group is making group progress in its regional growth plans which include a bigger regional investment banking market share and transactional banking growth trajectory," it said while maintaining a buy with a target price of RM14.90 on the stock.
ECMLibra Investment Research said while the group's overall year-on-year loans growth continued to exhibit strong numbers as a result of the consolidation of Lippo Bank and Bank Thai with a 21.2% showing, current quarter loans growth had moderated on a "sequential basis" though still commendable.
"This follows on from the strong 3QFY09 numbers, and is a further sign that the worst in loans growth weakening is behind us," it said in a report yesterday.
ECMLibra said CIMB group's strong performance was largely attributed to better contributions from its Indonesian operations on the back of improved net interest margins, phenomenal growth in its treasury and investment income which saw a 54.9% y-o-y increase.
The group was also aided by improved contributions from the asset management division and a turnaround in CIMB-Aviva's operations, the research house said.
"We continue to like the regional and non-interest income growth prospects of the group, and reaffirm our buy call," ECMLibra said while maintaining the target price on CIMB at RM15.25.
Key Asian markets down, CIMB lifts FBM KLCI
KUALA LUMPUR: Key Asian markets fell in the morning session on Wednesday, Feb 24 on concerns about the weak US consumer confidence while at Bursa Malaysia, the FBM KLCI rose on gains by CIMB and IOI Corp despite the weaker broader market.
At 12.30pm, the FBM KLCI rose 3.92 points to 1,270.35. Turnover was 328.71 million shares valued at RM574.15 million. There were 211 losers, 355 gainers and 215 stocks unchanged.
Among the key regional markets, Japan's Nikkei 225 fell 1.81% to 10,165.06, Hong Kong's Hang Seng Index shed 0.88% to 20,440.98 while Singapore's Straits Times Index lost 0.69% to 2,763.43. Shanghai's Composite Index rose 0.58% to 1,145.67.
Light crude oil rose 38 cents to US$79.24, gold added US$2.25 to US$1,105.65 while crude palm oil futures shed RM7 to RM2,628.
News reports said surprise drops in U.S. consumer confidence and German business sentiment fuelled fears about the strength of the global economic recovery and boosted safe haven currencies such as the yen.
China also implemented fresh measures to clamp down on excessive bank lending which it fears could create destabilising asset bubbles.
At Bursa Malaysia, CIMB rose 32 sen to RM12.98, enabling the 30-stock FBM KLCI to jump 3.66 points while IOI Corp added five sen to RM5.40,or 0.8 of a point to the FBM KLCI.
Other gainers were DiGi, up 10 sen to RM22.50, YTL nine sen to RM7.41, PLUS four sen to RM3.41 and Tenaga two sen to RM7.97.
KKB was the top gainer, adding 37 sen to RM4.02 while Eng Tek gained 13 sen to RM1.89 and SP Setia 12 sen to RM4.11.
Among the decliners were MISC, down 15 sen to RM8.10, Public Bank shed four sen to RM11.14 while Transmile hit limit down, falling 30 sen to 61 sen after posting heavier losses.
AE Multi fell 18 sen to 80.5 sen after its MoU with Dah Mah Corp was mutually terminated. Metrod lost 17 sen to RM3.20.
At 12.30pm, the FBM KLCI rose 3.92 points to 1,270.35. Turnover was 328.71 million shares valued at RM574.15 million. There were 211 losers, 355 gainers and 215 stocks unchanged.
Among the key regional markets, Japan's Nikkei 225 fell 1.81% to 10,165.06, Hong Kong's Hang Seng Index shed 0.88% to 20,440.98 while Singapore's Straits Times Index lost 0.69% to 2,763.43. Shanghai's Composite Index rose 0.58% to 1,145.67.
Light crude oil rose 38 cents to US$79.24, gold added US$2.25 to US$1,105.65 while crude palm oil futures shed RM7 to RM2,628.
News reports said surprise drops in U.S. consumer confidence and German business sentiment fuelled fears about the strength of the global economic recovery and boosted safe haven currencies such as the yen.
China also implemented fresh measures to clamp down on excessive bank lending which it fears could create destabilising asset bubbles.
At Bursa Malaysia, CIMB rose 32 sen to RM12.98, enabling the 30-stock FBM KLCI to jump 3.66 points while IOI Corp added five sen to RM5.40,or 0.8 of a point to the FBM KLCI.
Other gainers were DiGi, up 10 sen to RM22.50, YTL nine sen to RM7.41, PLUS four sen to RM3.41 and Tenaga two sen to RM7.97.
KKB was the top gainer, adding 37 sen to RM4.02 while Eng Tek gained 13 sen to RM1.89 and SP Setia 12 sen to RM4.11.
Among the decliners were MISC, down 15 sen to RM8.10, Public Bank shed four sen to RM11.14 while Transmile hit limit down, falling 30 sen to 61 sen after posting heavier losses.
AE Multi fell 18 sen to 80.5 sen after its MoU with Dah Mah Corp was mutually terminated. Metrod lost 17 sen to RM3.20.
CIMB, Tenaga underpin FBM KLCI
KUALA LUMPUR: CIMB Group and Tenaga's share prices helped underpin the FBM KLCI in early trade on Wednesday, Feb 24 despite the more cautious market sentiment following the overnight fall on Wall Street.
At 9.15am, the FBM KLCI was up 3.19 points to 1,269.62. Turnover was 39.7 million shares done valued at RM60 million. The broader market was weaker, with 118 losers to 65 gainers.
CIMB rose 30 sen to RM!2.96 after posting its excellent set of earnings while Tenaga added seven sen ahead of the Cabinet's decision on tariff hike.
KKB was the top gainer, 38 sen higher to RM4.03 while AHealth gained 18 sen to RM2.16 and Eng 16 sen higher to RM1.92.
Transmile was the top loser after the sharp losses, down 30 sen to 61 sen wile MISC shed 13 sen to RM8.12.
Some glove makers saw profit taking, with Top Glove down six sen to RM11.18 while Adventa and Supermax shed five sen to RM3.53 and RM5.86 while Hartalega eased four sen to RM7.35.
HwangDBS Vickers Research said broadly speaking, stocks on Bursa Malaysia should drop today in anticipation of a regional fall following the overnight slump on Wall Street.
Key U.S. equity bellwethers slipped between 1.0% and 1.3% hit by a weaker consumer confidence indicator.
"Still, we may see selected counters bucking the downtrend ahead. Among the flurry of corporate earnings announcements that came in last evening, CIMB and MRCB stood out as they beat expectations.
"Of greater interest is that big cap Tenaga could benefit from a potential electricity tariff hike pending a Cabinet decision to be made today," it said.
HwangDBS Vickers Research said technically, the benchmark FBM KLCI will probably pull back today, on its way to test the first support line of 1,255.
Meanwhile, on the macro front, two key data will be due this evening: (a) 4Q09 GDP report with consensus projecting a y-o-y increase of 2.7% after recording three consecutive quarters of negative annual growths; and (b) portfolio investment flows of shares and corporate securities following a net deficit sum of RM83.4b chalked up over nine straight quarters since 3Q07.
At 9.15am, the FBM KLCI was up 3.19 points to 1,269.62. Turnover was 39.7 million shares done valued at RM60 million. The broader market was weaker, with 118 losers to 65 gainers.
CIMB rose 30 sen to RM!2.96 after posting its excellent set of earnings while Tenaga added seven sen ahead of the Cabinet's decision on tariff hike.
KKB was the top gainer, 38 sen higher to RM4.03 while AHealth gained 18 sen to RM2.16 and Eng 16 sen higher to RM1.92.
Transmile was the top loser after the sharp losses, down 30 sen to 61 sen wile MISC shed 13 sen to RM8.12.
Some glove makers saw profit taking, with Top Glove down six sen to RM11.18 while Adventa and Supermax shed five sen to RM3.53 and RM5.86 while Hartalega eased four sen to RM7.35.
HwangDBS Vickers Research said broadly speaking, stocks on Bursa Malaysia should drop today in anticipation of a regional fall following the overnight slump on Wall Street.
Key U.S. equity bellwethers slipped between 1.0% and 1.3% hit by a weaker consumer confidence indicator.
"Still, we may see selected counters bucking the downtrend ahead. Among the flurry of corporate earnings announcements that came in last evening, CIMB and MRCB stood out as they beat expectations.
"Of greater interest is that big cap Tenaga could benefit from a potential electricity tariff hike pending a Cabinet decision to be made today," it said.
HwangDBS Vickers Research said technically, the benchmark FBM KLCI will probably pull back today, on its way to test the first support line of 1,255.
Meanwhile, on the macro front, two key data will be due this evening: (a) 4Q09 GDP report with consensus projecting a y-o-y increase of 2.7% after recording three consecutive quarters of negative annual growths; and (b) portfolio investment flows of shares and corporate securities following a net deficit sum of RM83.4b chalked up over nine straight quarters since 3Q07.
CIMB up on strong FY09 earnings
KUALA LUMPUR: Shares of CIMB Group rose in early trade on Wednesday, Feb 24 after it posted an excellent set of earnings.
At 9.09am, it was up 30 sen to RM12.96 with 1.14 million shares done.
The FBM KLCI rose 2.48 points to 1,268.91. Turnover was 27.62 million shares valued at RM38 million. There were 52 losers, 94 gainers and 76 stocks unchanged.
OSK Research maintains its Buy on CIMB Group at RM12.64 with a target price of RM14.90 after its reported earnings were 7.5% ahead of consensus but largely in line with its full-year estimates.
The research house said on Wednesday, Feb 24 that the 4Q09 results were the group's best ever quarterly numbers, with non-domestic earnings contribution increasing from 12% in FY08 to 29% in FY09.
"This indicates that the group is making good progress in its regional growth plans, which include a bigger regional investment banking market share and transactional banking growth trajectory. We are maintaining our BUY recommendation and TP of RM14.90 (2.4 times FY10 PBV and 15.6 times FY10 PER)," it said.
At 9.09am, it was up 30 sen to RM12.96 with 1.14 million shares done.
The FBM KLCI rose 2.48 points to 1,268.91. Turnover was 27.62 million shares valued at RM38 million. There were 52 losers, 94 gainers and 76 stocks unchanged.
OSK Research maintains its Buy on CIMB Group at RM12.64 with a target price of RM14.90 after its reported earnings were 7.5% ahead of consensus but largely in line with its full-year estimates.
The research house said on Wednesday, Feb 24 that the 4Q09 results were the group's best ever quarterly numbers, with non-domestic earnings contribution increasing from 12% in FY08 to 29% in FY09.
"This indicates that the group is making good progress in its regional growth plans, which include a bigger regional investment banking market share and transactional banking growth trajectory. We are maintaining our BUY recommendation and TP of RM14.90 (2.4 times FY10 PBV and 15.6 times FY10 PER)," it said.
CIMB reiterates outperform on UMW
Written by CIMB Equities Research
Wednesday, 24 February 2010 08:56
KUALA LUMPUR: CIMB Equities Research said UMW's FY09 core net profit came in 9% below its forecast and 1% shy of consensus estimate.
It said on Wednesday, Feb 24 that it was keeping its OUTPERFORM call. Factors that could lead to a re-rating include 1) the improved earnings from the auto segment, 2) rising contribution from O&G, 3) listing of the O&G division.
It said although UMW's pretax profit was just 1% short of its forecast, net profits missed its forecast largely because of high minority interests as 51%-owned UMW Toyota performed better than expected.
A final single-tier dividend of 9 sen per share was declared for the quarter, bringing total DPS to 20 sen.
"We are cutting FY10-11 earnings by 4-6% after making some housekeeping adjustments and lowering our projection for O&G largely for the delay in the commissioning of Naga 2 and lower contribution from WSP.
"Our SOP target price is reduced from RM8.10 to RM7.95, which we continue to base on target P/Es of 13.5x for its auto division, 15x for its O&G division, and 10x for its manufacturing & equipment division," it said.
Wednesday, 24 February 2010 08:56
KUALA LUMPUR: CIMB Equities Research said UMW's FY09 core net profit came in 9% below its forecast and 1% shy of consensus estimate.
It said on Wednesday, Feb 24 that it was keeping its OUTPERFORM call. Factors that could lead to a re-rating include 1) the improved earnings from the auto segment, 2) rising contribution from O&G, 3) listing of the O&G division.
It said although UMW's pretax profit was just 1% short of its forecast, net profits missed its forecast largely because of high minority interests as 51%-owned UMW Toyota performed better than expected.
A final single-tier dividend of 9 sen per share was declared for the quarter, bringing total DPS to 20 sen.
"We are cutting FY10-11 earnings by 4-6% after making some housekeeping adjustments and lowering our projection for O&G largely for the delay in the commissioning of Naga 2 and lower contribution from WSP.
"Our SOP target price is reduced from RM8.10 to RM7.95, which we continue to base on target P/Es of 13.5x for its auto division, 15x for its O&G division, and 10x for its manufacturing & equipment division," it said.
February 23, 2010
OSK Research sees upside from CIMB results
KUALA LUMPUR: OSK Research says CIMB Group is set to announce its 4Q09 results on Tuesday, Feb 23 and it believes that earnings will outpace consensus estimates for the third consecutive quarter.
It said the stronger earnings will be underpinned by a recovery in forex income flow; further traction in CIMB Niaga’s earnings growth; and relatively benign NPL trend.
“Maintain BUY, TP: 14.90 (17% ROE, 2.55x FY10 PBV),” it said.
It expected CIMB’s full-year results to come in slightly above its already bullish earnings assumption of RM2.72 billion (consensus: RM2.61 billion), driven by 1) stronger earnings from CIMB Niaga, 2) renewed growth in forex income on the back of buoyant global trading volume, and 3) a still-benign NPL environment.
OSK Research said it expected full-year earnings to come in roughly 6%-7% above consensus forecast.
It said the stronger earnings will be underpinned by a recovery in forex income flow; further traction in CIMB Niaga’s earnings growth; and relatively benign NPL trend.
“Maintain BUY, TP: 14.90 (17% ROE, 2.55x FY10 PBV),” it said.
It expected CIMB’s full-year results to come in slightly above its already bullish earnings assumption of RM2.72 billion (consensus: RM2.61 billion), driven by 1) stronger earnings from CIMB Niaga, 2) renewed growth in forex income on the back of buoyant global trading volume, and 3) a still-benign NPL environment.
OSK Research said it expected full-year earnings to come in roughly 6%-7% above consensus forecast.
Large explosion at Labuan Petronas plant, no injuries
LABUAN: A large explosion at the Petronas Methanol Labuan's (PML) S1001 contolled natural gas flare tip yesterday, caused operations at the RM511 million methanol plant to cease.
Eighty-two PML contract workers and 46 of its staff were working when the explosion occurred at 11.37am. No injuries were reported.
Two fire engines from the Labuan Fire and Rescue Service and the PML rescue unit rushed to the scene and brought the situation under control within 30 minutes.
Speaking at a news conference, PML production chief, Mohd Kamis Abdul Manap, said a detailed invesitgation would be conducted to determine the cause of the explosion.
"We will conduct a comprehensive investigation before operations can continue. We will identify if there was weakness in the safety aspect," said Mohd Kamis.
The PML plant was built in 1984 and its biggest customer is Methyl Tertiary Butyl Ether (MTBE) in Kuantan, Pahang.
Other markets include, Japan, Indonesia, the Philippines, Singapore, Thailand, Korea, Taiwan and China.
In 2007, two Petronas sub-contract workers were seriously burned in an explosion while carrying out works at the PML plant in the Rancha-Rancha industrial area. — Bernama
Eighty-two PML contract workers and 46 of its staff were working when the explosion occurred at 11.37am. No injuries were reported.
Two fire engines from the Labuan Fire and Rescue Service and the PML rescue unit rushed to the scene and brought the situation under control within 30 minutes.
Speaking at a news conference, PML production chief, Mohd Kamis Abdul Manap, said a detailed invesitgation would be conducted to determine the cause of the explosion.
"We will conduct a comprehensive investigation before operations can continue. We will identify if there was weakness in the safety aspect," said Mohd Kamis.
The PML plant was built in 1984 and its biggest customer is Methyl Tertiary Butyl Ether (MTBE) in Kuantan, Pahang.
Other markets include, Japan, Indonesia, the Philippines, Singapore, Thailand, Korea, Taiwan and China.
In 2007, two Petronas sub-contract workers were seriously burned in an explosion while carrying out works at the PML plant in the Rancha-Rancha industrial area. — Bernama
Dubai drops preferred status, sees "equitable" deal
DUBAI: Dubai dropped plans to seek preferred creditor status in the restructuring of state-owned Dubai World, a reversal which removed a key stumbling block in talks with lenders.
It said the restructuring of some US$22 billion (RM74.8 billion) in debt would be "equal" for all creditors but a source said Dubai World will likely not repay a US$980 million Islamic bond linked to its property unit Nakheel and due in May.
Dubai shook markets in November with plans to delay repaying US$26 billion of debt linked to Dubai World's main property units Nakheel and Limitless World.
It averted default on a US$4.1 billion Islamic bond issued by Nakheel after a last minute bailout from Abu Dhabi.
The debt restructuring plan is scheduled to be unveiled in March. Until then the Gulf Arab emirates will continue to fund working capital and interest payments on an unsecured basis.
"That is a concession from the government," a source familiar with the matter said.
"We haven't let go of our want, but we will continue to fund on an unsecured basis," the source said, adding: "We're not going to do this forever."
"We are going to put forward a plan that shares the recoveries with the lenders," the source said, referring to the government's intention to make the restructuring plan "equitable."
The Dubai government, acting through the Dubai Financial Support Fund (DFSF), has given the conglomerate about US$6.2 billion over the past 12 months and plans to provide more.
Collateral for further aid was cited as an impediment to a deal to address Dubai World's unmanageable debt burden. Taking Dubai World security against future help would make the DFSF a preferred creditor in the event of an insolvency.
Dubai is in talks with an informal creditor committee made up Standard Chartered, HSBC, Lloyds and Royal Bank of Scotland, as well as local lenders Emirates NBD and Abu Dhabi Commercial Bank. Japan's Bank of Tokyo-Mitsubishi, a unit of Mitsubishi UFJ Financial Group, joined the group in January.
In Abu Dhabi, the head of the Arab Monetary Fund (AMF) said he expected Dubai to reach a speedy resolution and did not expect it would seek AMF funds. "Their reputation is not just for today so they are keen to reach a satisfactory solution fast," Jassim al Mannai, director-general of the fund, told reporters. — Reuters
It said the restructuring of some US$22 billion (RM74.8 billion) in debt would be "equal" for all creditors but a source said Dubai World will likely not repay a US$980 million Islamic bond linked to its property unit Nakheel and due in May.
Dubai shook markets in November with plans to delay repaying US$26 billion of debt linked to Dubai World's main property units Nakheel and Limitless World.
It averted default on a US$4.1 billion Islamic bond issued by Nakheel after a last minute bailout from Abu Dhabi.
The debt restructuring plan is scheduled to be unveiled in March. Until then the Gulf Arab emirates will continue to fund working capital and interest payments on an unsecured basis.
"That is a concession from the government," a source familiar with the matter said.
"We haven't let go of our want, but we will continue to fund on an unsecured basis," the source said, adding: "We're not going to do this forever."
"We are going to put forward a plan that shares the recoveries with the lenders," the source said, referring to the government's intention to make the restructuring plan "equitable."
The Dubai government, acting through the Dubai Financial Support Fund (DFSF), has given the conglomerate about US$6.2 billion over the past 12 months and plans to provide more.
Collateral for further aid was cited as an impediment to a deal to address Dubai World's unmanageable debt burden. Taking Dubai World security against future help would make the DFSF a preferred creditor in the event of an insolvency.
Dubai is in talks with an informal creditor committee made up Standard Chartered, HSBC, Lloyds and Royal Bank of Scotland, as well as local lenders Emirates NBD and Abu Dhabi Commercial Bank. Japan's Bank of Tokyo-Mitsubishi, a unit of Mitsubishi UFJ Financial Group, joined the group in January.
In Abu Dhabi, the head of the Arab Monetary Fund (AMF) said he expected Dubai to reach a speedy resolution and did not expect it would seek AMF funds. "Their reputation is not just for today so they are keen to reach a satisfactory solution fast," Jassim al Mannai, director-general of the fund, told reporters. — Reuters
Asian markets broadly higher
Stock markets in the region began on a stronger footing at the start of the new week. Bellwether indices in key Asian markets closed mostly higher for the day after investors decided that last Friday’s sell off was overdone.
Investor confidence improved after Wall Street closed higher last Friday, which brought its weekly gains to some 3%. The sell off in Asian stocks late last week was triggered by the US Federal Reserve’s unexpected move to raise the discount rate, the rate at which it lends to banks.
But the stronger close for US stocks assuaged concerns that the rate hike would derail the country's economic recovery. In fact, some are hoping that it signals the US government’s confidence in the health of its financial system and strength of the recovery.
Stocks on Bursa Malaysia too traded on a firmer footing, in line with regional gains. The FBM KLCI opened higher and stayed in positive territory throughout the trading day. The benchmark index finished nearly nine points higher at 1,266.4.
Market breadth was also positive. There were more than two gaining stocks for every losing one. Some of the notable gainers for the day include PPB, Supermax, Kossan Rubber Industries, Latexx Partners, Tomypak and Genting PLANTATION []s. At the other end, Parkson was among the more actively traded top losers for the day.
Trading volume, however, was not much changed despite the improved sentiment. Just over 600 million shares changed hands today, slightly lower than the 623 million transacted last Friday. MAS-OR was, by far, the most actively traded counter for the day. Other actives include Frontken-OR, KNM, Malaysian Merchant Marine, Maybank, Axiata and Fast Track Solution.
We expect the local bourse will continue to take cues from the US and regional markets in the coming days.
Investor confidence improved after Wall Street closed higher last Friday, which brought its weekly gains to some 3%. The sell off in Asian stocks late last week was triggered by the US Federal Reserve’s unexpected move to raise the discount rate, the rate at which it lends to banks.
But the stronger close for US stocks assuaged concerns that the rate hike would derail the country's economic recovery. In fact, some are hoping that it signals the US government’s confidence in the health of its financial system and strength of the recovery.
Stocks on Bursa Malaysia too traded on a firmer footing, in line with regional gains. The FBM KLCI opened higher and stayed in positive territory throughout the trading day. The benchmark index finished nearly nine points higher at 1,266.4.
Market breadth was also positive. There were more than two gaining stocks for every losing one. Some of the notable gainers for the day include PPB, Supermax, Kossan Rubber Industries, Latexx Partners, Tomypak and Genting PLANTATION []s. At the other end, Parkson was among the more actively traded top losers for the day.
Trading volume, however, was not much changed despite the improved sentiment. Just over 600 million shares changed hands today, slightly lower than the 623 million transacted last Friday. MAS-OR was, by far, the most actively traded counter for the day. Other actives include Frontken-OR, KNM, Malaysian Merchant Marine, Maybank, Axiata and Fast Track Solution.
We expect the local bourse will continue to take cues from the US and regional markets in the coming days.
KL Kepong advances ahead of 30c dividend going ex
KUALA LUMPUR: Shares of KUALA LUMPUR KEPONG BHD [] (KLK) rose in late morning trade on Monday, Feb 22 in tandem with the positive market and also ahead of its dividend going ex on Tuesday.
At 11.09am, KLK is up six sen to RM16.82 with 135,000 shares done.
Its final single tier dividend of 30 sen goes ex on Tuesday and the payment date is March 17. It posted net profit of RM243.73 million in the fourth quarter ended Sept 30, 2009 versus RM267.50 million a year ago.
Meanwhile, its first quarter results for October to December 2009 is scheduled for release on Wednesday, the company said
At 11.09am, KLK is up six sen to RM16.82 with 135,000 shares done.
Its final single tier dividend of 30 sen goes ex on Tuesday and the payment date is March 17. It posted net profit of RM243.73 million in the fourth quarter ended Sept 30, 2009 versus RM267.50 million a year ago.
Meanwhile, its first quarter results for October to December 2009 is scheduled for release on Wednesday, the company said
Banks, PPB lead blue chips higher
KUALA LUMPUR: Blue chips were higher in the morning session today, underpinned by follow-through buying of banking stocks which signalled equities still could run up further and also in tandem with strong regional markets.
At 12.30pm, the FBM KLCI had risen 7.13 points to 1,264.8. Turnover was 262.08 million shares valued at RM358.71 million. There were 360 gainers, 163 losers and 232 stocks unchanged.
Key regional markets rose as US interest rate concerns eased. Japan's Nikkei 225 jumped 2.55% to 10,381.75 while Hong Kong's Hang Seng Index advanced 2.61% to 20,431.01 and Singapore's Straits Times Index added 0.42% to 2,768.81. Shanghai's Composite Index shed 0.08% to 3,015.70.
Commodities rallied, with light crude oil breaking past the US$80 level when it climbed 44 US cents to US$80.25, US spot gold added US$5.75 to US$1,124.95 and crude palm oil futures added RM30 to RM2,626.
At Bursa Malaysia, Public Bank added 10 sen to RM11.20 and Maybank six sen to RM6.95 while AMMB added four sen to RM4.99 and CIMB two sen to RM12.58.
Tanjong rose 24 sen to RM17.90, Axiata five sen to RM3.47 and Genting Malaysia five sen to RM2.72 and Genting one sen to RM6.37. Among PLANTATION []s, PPB Group gained 28 sen to RM16.58 and IOI Corp three sen to RM5.34.
TSM was the top gainer, adding 29 sen to RM2.79 and Supermax 24 sen to RM5.71 after announcing a set of strong 4Q earnings.
MAS-OR rose 2.5 sen to nine sen and it was the most active with 33.12 million units done.
Keck Seng was the top loser, down 29 sen to RM4 with 11,400 shares done, BAR lost 10 sen to RM41.54 and Parkson 10 sen to RM5.37.
At 12.30pm, the FBM KLCI had risen 7.13 points to 1,264.8. Turnover was 262.08 million shares valued at RM358.71 million. There were 360 gainers, 163 losers and 232 stocks unchanged.
Key regional markets rose as US interest rate concerns eased. Japan's Nikkei 225 jumped 2.55% to 10,381.75 while Hong Kong's Hang Seng Index advanced 2.61% to 20,431.01 and Singapore's Straits Times Index added 0.42% to 2,768.81. Shanghai's Composite Index shed 0.08% to 3,015.70.
Commodities rallied, with light crude oil breaking past the US$80 level when it climbed 44 US cents to US$80.25, US spot gold added US$5.75 to US$1,124.95 and crude palm oil futures added RM30 to RM2,626.
At Bursa Malaysia, Public Bank added 10 sen to RM11.20 and Maybank six sen to RM6.95 while AMMB added four sen to RM4.99 and CIMB two sen to RM12.58.
Tanjong rose 24 sen to RM17.90, Axiata five sen to RM3.47 and Genting Malaysia five sen to RM2.72 and Genting one sen to RM6.37. Among PLANTATION []s, PPB Group gained 28 sen to RM16.58 and IOI Corp three sen to RM5.34.
TSM was the top gainer, adding 29 sen to RM2.79 and Supermax 24 sen to RM5.71 after announcing a set of strong 4Q earnings.
MAS-OR rose 2.5 sen to nine sen and it was the most active with 33.12 million units done.
Keck Seng was the top loser, down 29 sen to RM4 with 11,400 shares done, BAR lost 10 sen to RM41.54 and Parkson 10 sen to RM5.37.
Pembelian saham mewah Bursa ditutup kukuh
KUALA LUMPUR 22 Feb - Harga saham di Bursa Malaysia mencatatkan paras penutupan yang lebih teguh hari ini, apabila pelabur kembali selepas bercuti panjang dan membeli saham-saham di kaunter-kaunter mewah serta yang berharga lebih rendah, kata peniaga.
Pada akhir dagangan, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) naik 8.77 mata kepada 1,266.44, setelah dibuka 2.84 mata lebih tinggi pada 1,260.51.
Penganalisis TA Securities, Stephen Soo, menjangka indeks utama itu diniagakan dalam lingkungan paras halangan dan sokongan 1,272 hingga 1,282 minggu ini.
Indeks Kewangan meningkat 80.22 mata kepada 11,082.16, Indeks Perusahaan mengukuh 18.1 mata kepada 2,619.11 dan Indeks Perladangan 34.12 mata lebih teguh pada 6,311.23.
Indeks FBM Emas naik 65.92 mata kepada 8,519.79, FBM70 melonjak 73.6 mata kepada 8,337.86 dan Indeks FBM Ace mengukuh 25.57 mata kepada 4,352.85.
Saham untung mengatasi saham rugi dengan jumlah 469 berbanding 196 manakala 254 kaunter tidak berubah, 409 tidak diniagakan dan 25 yang lain digantung urus niaga.
Bagaimanapun, jumlah dagangan susut kepada 600.145 saham bernilai RM1.02 bilion daripada 623.157 juta saham bernilai RM1.159 bilion Jumaat lepas.
Jumlah dagangan dalam Pasaran Utama susut kepada 519.965 juta saham bernilai RM1.006 bilion daripada 540.66 juta saham bernilai RM1.14 bilion Jumaat lepas.
Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 52.5 juta unit bernilai RM10.253 juta daripada 38.712 juta unit bernilai RM8.377 juta sebelumnya.
Waran berkurangan kepada 21.54 juta unit bernilai RM3.06 juta berbanding 35.194 juta unit bernilai RM4.119 juta sebelumnya.
Saham cergas termasuklah Malaysian Airline System-Ord Rights yang naik 2.5 sen kepada sembilan sen, Frontken Corp Bhd-Ord Rights menokok 1.5 sen kepada 7.5 sen dan KNM Group bertambah setengah sen kepada 80.5 sen.
Antara saham-saham berwajaran tinggi, Sime Darby menambah enam sen kepada RM8.58, Maybank naik tujuh sen kepada RM6.96, CIMB Group mengukuh empat sen kepada RM12.60 dan Maxis meningkat tiga sen kepada RM5.40.
Barangan pengguna menguasai 23.21 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 113.01 juta, pembinaan 19.55 juta, perdagangan dan perkhidmatan 234.01 juta, teknologi 10.96 juta, prasarana 11.82 juta, kewangan 54.59 juta, hotel 5.38 juta, harta 34.29 juta, perladangan 12.31 juta, perlombongan 49,000, REIT 688,700 dan dana tertutup 45,500. - Bernama
Pada akhir dagangan, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) naik 8.77 mata kepada 1,266.44, setelah dibuka 2.84 mata lebih tinggi pada 1,260.51.
Penganalisis TA Securities, Stephen Soo, menjangka indeks utama itu diniagakan dalam lingkungan paras halangan dan sokongan 1,272 hingga 1,282 minggu ini.
Indeks Kewangan meningkat 80.22 mata kepada 11,082.16, Indeks Perusahaan mengukuh 18.1 mata kepada 2,619.11 dan Indeks Perladangan 34.12 mata lebih teguh pada 6,311.23.
Indeks FBM Emas naik 65.92 mata kepada 8,519.79, FBM70 melonjak 73.6 mata kepada 8,337.86 dan Indeks FBM Ace mengukuh 25.57 mata kepada 4,352.85.
Saham untung mengatasi saham rugi dengan jumlah 469 berbanding 196 manakala 254 kaunter tidak berubah, 409 tidak diniagakan dan 25 yang lain digantung urus niaga.
Bagaimanapun, jumlah dagangan susut kepada 600.145 saham bernilai RM1.02 bilion daripada 623.157 juta saham bernilai RM1.159 bilion Jumaat lepas.
Jumlah dagangan dalam Pasaran Utama susut kepada 519.965 juta saham bernilai RM1.006 bilion daripada 540.66 juta saham bernilai RM1.14 bilion Jumaat lepas.
Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 52.5 juta unit bernilai RM10.253 juta daripada 38.712 juta unit bernilai RM8.377 juta sebelumnya.
Waran berkurangan kepada 21.54 juta unit bernilai RM3.06 juta berbanding 35.194 juta unit bernilai RM4.119 juta sebelumnya.
Saham cergas termasuklah Malaysian Airline System-Ord Rights yang naik 2.5 sen kepada sembilan sen, Frontken Corp Bhd-Ord Rights menokok 1.5 sen kepada 7.5 sen dan KNM Group bertambah setengah sen kepada 80.5 sen.
Antara saham-saham berwajaran tinggi, Sime Darby menambah enam sen kepada RM8.58, Maybank naik tujuh sen kepada RM6.96, CIMB Group mengukuh empat sen kepada RM12.60 dan Maxis meningkat tiga sen kepada RM5.40.
Barangan pengguna menguasai 23.21 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 113.01 juta, pembinaan 19.55 juta, perdagangan dan perkhidmatan 234.01 juta, teknologi 10.96 juta, prasarana 11.82 juta, kewangan 54.59 juta, hotel 5.38 juta, harta 34.29 juta, perladangan 12.31 juta, perlombongan 49,000, REIT 688,700 dan dana tertutup 45,500. - Bernama
Pembelian saham mewah Bursa ditutup kukuh
KUALA LUMPUR 22 Feb - Harga saham di Bursa Malaysia mencatatkan paras penutupan yang lebih teguh hari ini, apabila pelabur kembali selepas bercuti panjang dan membeli saham-saham di kaunter-kaunter mewah serta yang berharga lebih rendah, kata peniaga.
Pada akhir dagangan, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) naik 8.77 mata kepada 1,266.44, setelah dibuka 2.84 mata lebih tinggi pada 1,260.51.
Penganalisis TA Securities, Stephen Soo, menjangka indeks utama itu diniagakan dalam lingkungan paras halangan dan sokongan 1,272 hingga 1,282 minggu ini.
Indeks Kewangan meningkat 80.22 mata kepada 11,082.16, Indeks Perusahaan mengukuh 18.1 mata kepada 2,619.11 dan Indeks Perladangan 34.12 mata lebih teguh pada 6,311.23.
Indeks FBM Emas naik 65.92 mata kepada 8,519.79, FBM70 melonjak 73.6 mata kepada 8,337.86 dan Indeks FBM Ace mengukuh 25.57 mata kepada 4,352.85.
Saham untung mengatasi saham rugi dengan jumlah 469 berbanding 196 manakala 254 kaunter tidak berubah, 409 tidak diniagakan dan 25 yang lain digantung urus niaga.
Bagaimanapun, jumlah dagangan susut kepada 600.145 saham bernilai RM1.02 bilion daripada 623.157 juta saham bernilai RM1.159 bilion Jumaat lepas.
Jumlah dagangan dalam Pasaran Utama susut kepada 519.965 juta saham bernilai RM1.006 bilion daripada 540.66 juta saham bernilai RM1.14 bilion Jumaat lepas.
Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 52.5 juta unit bernilai RM10.253 juta daripada 38.712 juta unit bernilai RM8.377 juta sebelumnya.
Waran berkurangan kepada 21.54 juta unit bernilai RM3.06 juta berbanding 35.194 juta unit bernilai RM4.119 juta sebelumnya.
Saham cergas termasuklah Malaysian Airline System-Ord Rights yang naik 2.5 sen kepada sembilan sen, Frontken Corp Bhd-Ord Rights menokok 1.5 sen kepada 7.5 sen dan KNM Group bertambah setengah sen kepada 80.5 sen.
Antara saham-saham berwajaran tinggi, Sime Darby menambah enam sen kepada RM8.58, Maybank naik tujuh sen kepada RM6.96, CIMB Group mengukuh empat sen kepada RM12.60 dan Maxis meningkat tiga sen kepada RM5.40.
Barangan pengguna menguasai 23.21 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 113.01 juta, pembinaan 19.55 juta, perdagangan dan perkhidmatan 234.01 juta, teknologi 10.96 juta, prasarana 11.82 juta, kewangan 54.59 juta, hotel 5.38 juta, harta 34.29 juta, perladangan 12.31 juta, perlombongan 49,000, REIT 688,700 dan dana tertutup 45,500. - Bernama
Pada akhir dagangan, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) naik 8.77 mata kepada 1,266.44, setelah dibuka 2.84 mata lebih tinggi pada 1,260.51.
Penganalisis TA Securities, Stephen Soo, menjangka indeks utama itu diniagakan dalam lingkungan paras halangan dan sokongan 1,272 hingga 1,282 minggu ini.
Indeks Kewangan meningkat 80.22 mata kepada 11,082.16, Indeks Perusahaan mengukuh 18.1 mata kepada 2,619.11 dan Indeks Perladangan 34.12 mata lebih teguh pada 6,311.23.
Indeks FBM Emas naik 65.92 mata kepada 8,519.79, FBM70 melonjak 73.6 mata kepada 8,337.86 dan Indeks FBM Ace mengukuh 25.57 mata kepada 4,352.85.
Saham untung mengatasi saham rugi dengan jumlah 469 berbanding 196 manakala 254 kaunter tidak berubah, 409 tidak diniagakan dan 25 yang lain digantung urus niaga.
Bagaimanapun, jumlah dagangan susut kepada 600.145 saham bernilai RM1.02 bilion daripada 623.157 juta saham bernilai RM1.159 bilion Jumaat lepas.
Jumlah dagangan dalam Pasaran Utama susut kepada 519.965 juta saham bernilai RM1.006 bilion daripada 540.66 juta saham bernilai RM1.14 bilion Jumaat lepas.
Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 52.5 juta unit bernilai RM10.253 juta daripada 38.712 juta unit bernilai RM8.377 juta sebelumnya.
Waran berkurangan kepada 21.54 juta unit bernilai RM3.06 juta berbanding 35.194 juta unit bernilai RM4.119 juta sebelumnya.
Saham cergas termasuklah Malaysian Airline System-Ord Rights yang naik 2.5 sen kepada sembilan sen, Frontken Corp Bhd-Ord Rights menokok 1.5 sen kepada 7.5 sen dan KNM Group bertambah setengah sen kepada 80.5 sen.
Antara saham-saham berwajaran tinggi, Sime Darby menambah enam sen kepada RM8.58, Maybank naik tujuh sen kepada RM6.96, CIMB Group mengukuh empat sen kepada RM12.60 dan Maxis meningkat tiga sen kepada RM5.40.
Barangan pengguna menguasai 23.21 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 113.01 juta, pembinaan 19.55 juta, perdagangan dan perkhidmatan 234.01 juta, teknologi 10.96 juta, prasarana 11.82 juta, kewangan 54.59 juta, hotel 5.38 juta, harta 34.29 juta, perladangan 12.31 juta, perlombongan 49,000, REIT 688,700 dan dana tertutup 45,500. - Bernama
Ekonomi Malaysia mampu catat pemulihan tahun ini
MALAYSIA berada di landasan betul untuk mencatat pemulihan ekonomi tahun ini berdasarkan pertumbuhan ekonomi semasa melampaui jangkaan, kata Gabenor Bank Negara Malaysia, Tan Sri Dr Zeti Akhtar Aziz.
Beliau berkata, berdasarkan petunjuk, Malaysia jelas menuju pemulihan ekonomi yang mana negara tidak lagi berada dalam keadaan ekonomi tidak menentu susulan kemelesetan ekonomi global sebelum ini.
“Kita sudah keluar daripada keadaan itu (tidak menentu),” katanya selepas melancarkan Thomson Reuters Islamic Finance Gateway di Kuala Lumpur, semalam. Turut hadir Pegawai Kanan (Asean, rantau Asia Pacifik) Thomson Reuters, Edward Haddad dan Ketua Kewangan Islam Thomson Reuters Global, Rushdi Siddiqui.
Susulan kemelesetan ekonomi, Bank Negara mengambil keputusan mengekalkan Kadar Dasar Semalaman (OPR) pada rekod terendah dua peratus bagi kali ketujuh berturut-turut pada mesyuarat terakhirnya kerana masih wujud ketidakpastian prospek ekonomi negara maju.
Bagaimanapun, ia tidak menolak kemungkinan OPR tidak akan dibiarkan terlalu rendah bagi jangka masa lama memandangkan langkah itu akan membawa ketidakseimbangan dalam kewangan.
Dalam satu Pernyataan Dasar Monetari yang dikeluarkan selepas mesyuarat pertama Jawatankuasa Dasar Monetari (MPC) bagi 2010 pada bulan lalu, bank pusat itu juga berkata, pertumbuhan ekonomi negara maju terus bergantung kepada langkah dasar rangsangan, dan permintaan sektor swasta yang mapan ketika langkah pemulihan serta reformasi sistem kewangan sedang dilaksanakan.
Ditanya sama ada akan berlaku kenaikan kadar faedah susulan keadaan ekonomi yang semakin pulih, Zeti menegaskan, sebarang pengubahsuaian terhadap dasar kewangan harus dilihat sebagai usaha untuk meletakkan kadar faedah pada tahap biasa dan bukan untuk tujuan mengetatkannya
Beliau berkata, berdasarkan petunjuk, Malaysia jelas menuju pemulihan ekonomi yang mana negara tidak lagi berada dalam keadaan ekonomi tidak menentu susulan kemelesetan ekonomi global sebelum ini.
“Kita sudah keluar daripada keadaan itu (tidak menentu),” katanya selepas melancarkan Thomson Reuters Islamic Finance Gateway di Kuala Lumpur, semalam. Turut hadir Pegawai Kanan (Asean, rantau Asia Pacifik) Thomson Reuters, Edward Haddad dan Ketua Kewangan Islam Thomson Reuters Global, Rushdi Siddiqui.
Susulan kemelesetan ekonomi, Bank Negara mengambil keputusan mengekalkan Kadar Dasar Semalaman (OPR) pada rekod terendah dua peratus bagi kali ketujuh berturut-turut pada mesyuarat terakhirnya kerana masih wujud ketidakpastian prospek ekonomi negara maju.
Bagaimanapun, ia tidak menolak kemungkinan OPR tidak akan dibiarkan terlalu rendah bagi jangka masa lama memandangkan langkah itu akan membawa ketidakseimbangan dalam kewangan.
Dalam satu Pernyataan Dasar Monetari yang dikeluarkan selepas mesyuarat pertama Jawatankuasa Dasar Monetari (MPC) bagi 2010 pada bulan lalu, bank pusat itu juga berkata, pertumbuhan ekonomi negara maju terus bergantung kepada langkah dasar rangsangan, dan permintaan sektor swasta yang mapan ketika langkah pemulihan serta reformasi sistem kewangan sedang dilaksanakan.
Ditanya sama ada akan berlaku kenaikan kadar faedah susulan keadaan ekonomi yang semakin pulih, Zeti menegaskan, sebarang pengubahsuaian terhadap dasar kewangan harus dilihat sebagai usaha untuk meletakkan kadar faedah pada tahap biasa dan bukan untuk tujuan mengetatkannya
Harga saham ditutup lebih tinggi teguh
EKONOMI Harga saham ditutup lebih tinggi teguh
HARGA saham di Bursa Malaysia ditutup lebih teguh semalam apabila pelabur kembali selepas bercuti panjang dan membeli saham di kaunter mewah serta yang berharga lebih rendah.
Ketika akhir dagangan, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) naik 8.77 mata kepada 1,266.44, selepas dibuka 2.84 mata lebih tinggi pada 1,260.51.
Penganalisis TA Securities, Stephen Soo, menjangka indeks utama itu diniagakan dalam lingkungan paras halangan dan sokongan 1,272 hingga 1,282 minggu ini.
“Keseluruhannya, pasaran kelihatan jauh lebih baik dengan kembalinya pelabur selepas bercuti bagi Tahun Baru Cina, dan prospek pasaran serantau juga kelihatan positif,” katanya.
Faktor luaran juga semakin stabil dan tidak akan memberi banyak kesan kepada pasaran tempatan, katanya.
Indeks Kewangan meningkat 80.22 mata kepada 11,082.16, Indeks Perusahaan mengukuh 18.1 mata kepada 2,619.11 dan Indeks Perladangan 34.12 mata lebih teguh pada 6,311.23.
Indeks FBM Emas naik 65.92 mata kepada 8,519.79, FBM70 melonjak 73.6 mata kepada 8,337.86 dan Indeks FBM Ace mengukuh 25.57 mata kepada 4,352.85.
Saham untung mengatasi saham rugi dengan jumlah 469 berbanding 196 manakala 254 kaunter tidak berubah, 409 tidak diniagakan dan 25 yang lain digantung urus niaga.
Bagaimanapun, jumlah dagangan susut kepada 600.145 saham bernilai RM1.02 bilion daripada 623.157 juta saham bernilai RM1.159 bilion Jumaat lalu.
Jumlah dagangan dalam Pasaran Utama susut kepada 519.965 juta saham bernilai RM1.006 bilion daripada 540.66 juta saham bernilai RM1.14 bilion Jumaat lalu.
Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 52.5 juta unit bernilai RM10.253 juta daripada 38.712 juta unit bernilai RM8.377 juta sebelumnya.
Waran berkurangan kepada 21.54 juta unit bernilai RM3.06 juta berbanding 35.194 juta unit bernilai RM4.119 juta sebelumnya.
Saham cergas termasuklah Malaysian Airline System-Ord Rights yang naik 2.5 sen kepada sembilan sen, Frontken Corp Bhd-Ord Rights menokok 1.5 sen kepada 7.5 sen dan KNM Group bertambah setengah sen kepada 80.5 sen.
Antara saham berwajaran tinggi, Sime Darby menambah enam sen kepada RM8.58, Maybank naik tujuh sen kepada RM6.96, CIMB Group mengukuh empat sen kepada RM12.60 dan Maxis meningkat tiga sen kepada RM5.40.
Public Bank dan Petronas Dagangan naik 10 sen setiap satu, masing-masing kepada RM11.20 dan RM8.68 manakala Tanjong PLC mengukuh 14 sen kepada RM17.80.
Barangan pengguna menguasai 23.21 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 113.01 juta, pembinaan 19.55 juta, perdagangan dan perkhidmatan 234.01 juta, teknologi 10.96 juta, prasarana 11.82 juta, kewangan 54.59 juta, hotel 5.38 juta, harta 34.29 juta, perladangan 12.31 juta, perlombongan 49,000, REIT 688,700 dan dana tertutup 45,500. - Bernama
HARGA saham di Bursa Malaysia ditutup lebih teguh semalam apabila pelabur kembali selepas bercuti panjang dan membeli saham di kaunter mewah serta yang berharga lebih rendah.
Ketika akhir dagangan, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) naik 8.77 mata kepada 1,266.44, selepas dibuka 2.84 mata lebih tinggi pada 1,260.51.
Penganalisis TA Securities, Stephen Soo, menjangka indeks utama itu diniagakan dalam lingkungan paras halangan dan sokongan 1,272 hingga 1,282 minggu ini.
“Keseluruhannya, pasaran kelihatan jauh lebih baik dengan kembalinya pelabur selepas bercuti bagi Tahun Baru Cina, dan prospek pasaran serantau juga kelihatan positif,” katanya.
Faktor luaran juga semakin stabil dan tidak akan memberi banyak kesan kepada pasaran tempatan, katanya.
Indeks Kewangan meningkat 80.22 mata kepada 11,082.16, Indeks Perusahaan mengukuh 18.1 mata kepada 2,619.11 dan Indeks Perladangan 34.12 mata lebih teguh pada 6,311.23.
Indeks FBM Emas naik 65.92 mata kepada 8,519.79, FBM70 melonjak 73.6 mata kepada 8,337.86 dan Indeks FBM Ace mengukuh 25.57 mata kepada 4,352.85.
Saham untung mengatasi saham rugi dengan jumlah 469 berbanding 196 manakala 254 kaunter tidak berubah, 409 tidak diniagakan dan 25 yang lain digantung urus niaga.
Bagaimanapun, jumlah dagangan susut kepada 600.145 saham bernilai RM1.02 bilion daripada 623.157 juta saham bernilai RM1.159 bilion Jumaat lalu.
Jumlah dagangan dalam Pasaran Utama susut kepada 519.965 juta saham bernilai RM1.006 bilion daripada 540.66 juta saham bernilai RM1.14 bilion Jumaat lalu.
Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 52.5 juta unit bernilai RM10.253 juta daripada 38.712 juta unit bernilai RM8.377 juta sebelumnya.
Waran berkurangan kepada 21.54 juta unit bernilai RM3.06 juta berbanding 35.194 juta unit bernilai RM4.119 juta sebelumnya.
Saham cergas termasuklah Malaysian Airline System-Ord Rights yang naik 2.5 sen kepada sembilan sen, Frontken Corp Bhd-Ord Rights menokok 1.5 sen kepada 7.5 sen dan KNM Group bertambah setengah sen kepada 80.5 sen.
Antara saham berwajaran tinggi, Sime Darby menambah enam sen kepada RM8.58, Maybank naik tujuh sen kepada RM6.96, CIMB Group mengukuh empat sen kepada RM12.60 dan Maxis meningkat tiga sen kepada RM5.40.
Public Bank dan Petronas Dagangan naik 10 sen setiap satu, masing-masing kepada RM11.20 dan RM8.68 manakala Tanjong PLC mengukuh 14 sen kepada RM17.80.
Barangan pengguna menguasai 23.21 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 113.01 juta, pembinaan 19.55 juta, perdagangan dan perkhidmatan 234.01 juta, teknologi 10.96 juta, prasarana 11.82 juta, kewangan 54.59 juta, hotel 5.38 juta, harta 34.29 juta, perladangan 12.31 juta, perlombongan 49,000, REIT 688,700 dan dana tertutup 45,500. - Bernama
February 22, 2010
Market starts off on firm note
KUALA LUMPUR: Blue chips kicked off the new week on Monday, Feb 22 on a firm note, in line with the positive key Asian markets on follow-through buying interest while Shanghai's markets reopened after a week-long break for the Chinese New Year.
At 10am, the FBM KLCI was up 6.09 points to 1,263.76. Turnover was 89.45 million shares valued at RM98 million. There were 231 gainers, 75 losers and 139 stocks unchanged.
Among key regional markets, Hong Kong's Hang Seng Index opened 2.6% higher at 20,407.84 while Japan's Nikkei 225 jumped 3.16% to 10,443.59. The Shanghai Composite Index added 0.26% to 3,025.96 and Singapore's Straits Times Index 0.49% higher at 2,770.56.
Petronas Dagangan and Supermax rose 18 sen each to RM8.76 and RM5.65 while Public Bank added 12 sen to RM11.22 and Dutch Lady and Tanjong gained 16 sen each to RM12.16 and RM17.82. Other gainers were Hai-O, up 11 sen to RM9.48 and PPB 10 sen to RM16.40.
MAS's entitlement to the renounceable rights, which cease trading on Tuesday, rose 0.5 sen to seven sen.
KFCH and BAT fell 10 sen each to RM7.90 and RM41.54 while DiGi gave up four sen to RM22.30.
HwangDBS Vickers Research said if follow-through buying interest returns to provide support, then the Malaysian bourse could have hit a short-term bottom already, though its immediate upside may be equally restricted.
It said the tigers wanted to lift share prices on the local stock market after ushering in the Lunar New Year but
were stopped short by external headwinds last week.
As a result, the benchmark FTSE Bursa Malaysia KLCI or FBM KLCI pulled back from a high of 1,264.91 to close at 1,257.67, a tiny increase from the preceding Friday's close of 1,253.39. Similarly, the FBM 70 Index (-0.2%) and the FBM ACE Index (flat) were little changed through the week.
"An abundance of domestic news flows will greet investors when they come back from their long holidays this week. These developments (and their implications) may then drive investors to either raise or reduce their market positions, even as talking points from abroad - like withdrawal of stimulus programs, monetary tightening and sovereign credit risks - will still influence the overall mood ahead," it said.
On the chart, HDBSVR said the FBM KLCI may sway sideways with a marginal negative bias for the time being. This could be inferred if a minor downward sloping pattern - which remains sketchy at this early stage - develops further.
Under this scenario, the bellwether is expected to reverse since it is now hovering at the upper part of the channel. If that is the case, then our first support line of 1,255 appears vulnerable. A drop below will probably send the benchmark index towards the next support level of 1,230.
However, given the prevalence of little panic selling thus far, it is tempting to say that the FBM KLCI could have bottomed already after bouncing up from its recent trough of 1,224.37 which it touched on Feb 9.
"On the other hand, its positive trend - which is still intact, in our view - is not likely to resume just yet until the index climbs beyond the first resistance mark of 1,280," it said.
At 10am, the FBM KLCI was up 6.09 points to 1,263.76. Turnover was 89.45 million shares valued at RM98 million. There were 231 gainers, 75 losers and 139 stocks unchanged.
Among key regional markets, Hong Kong's Hang Seng Index opened 2.6% higher at 20,407.84 while Japan's Nikkei 225 jumped 3.16% to 10,443.59. The Shanghai Composite Index added 0.26% to 3,025.96 and Singapore's Straits Times Index 0.49% higher at 2,770.56.
Petronas Dagangan and Supermax rose 18 sen each to RM8.76 and RM5.65 while Public Bank added 12 sen to RM11.22 and Dutch Lady and Tanjong gained 16 sen each to RM12.16 and RM17.82. Other gainers were Hai-O, up 11 sen to RM9.48 and PPB 10 sen to RM16.40.
MAS's entitlement to the renounceable rights, which cease trading on Tuesday, rose 0.5 sen to seven sen.
KFCH and BAT fell 10 sen each to RM7.90 and RM41.54 while DiGi gave up four sen to RM22.30.
HwangDBS Vickers Research said if follow-through buying interest returns to provide support, then the Malaysian bourse could have hit a short-term bottom already, though its immediate upside may be equally restricted.
It said the tigers wanted to lift share prices on the local stock market after ushering in the Lunar New Year but
were stopped short by external headwinds last week.
As a result, the benchmark FTSE Bursa Malaysia KLCI or FBM KLCI pulled back from a high of 1,264.91 to close at 1,257.67, a tiny increase from the preceding Friday's close of 1,253.39. Similarly, the FBM 70 Index (-0.2%) and the FBM ACE Index (flat) were little changed through the week.
"An abundance of domestic news flows will greet investors when they come back from their long holidays this week. These developments (and their implications) may then drive investors to either raise or reduce their market positions, even as talking points from abroad - like withdrawal of stimulus programs, monetary tightening and sovereign credit risks - will still influence the overall mood ahead," it said.
On the chart, HDBSVR said the FBM KLCI may sway sideways with a marginal negative bias for the time being. This could be inferred if a minor downward sloping pattern - which remains sketchy at this early stage - develops further.
Under this scenario, the bellwether is expected to reverse since it is now hovering at the upper part of the channel. If that is the case, then our first support line of 1,255 appears vulnerable. A drop below will probably send the benchmark index towards the next support level of 1,230.
However, given the prevalence of little panic selling thus far, it is tempting to say that the FBM KLCI could have bottomed already after bouncing up from its recent trough of 1,224.37 which it touched on Feb 9.
"On the other hand, its positive trend - which is still intact, in our view - is not likely to resume just yet until the index climbs beyond the first resistance mark of 1,280," it said.
KL Kepong advances ahead of 30c dividend going ex
KUALA LUMPUR: Shares of KUALA LUMPUR KEPONG BHD [] (KLK) rose in late morning trade on Monday, Feb 22 in tandem with the positive market and also ahead of its dividend going ex on Tuesday.
At 11.09am, KLK is up six sen to RM16.82 with 135,000 shares done.
Its final single tier dividend of 30 sen goes ex on Tuesday and the payment date is March 17. It posted net profit of RM243.73 million in the fourth quarter ended Sept 30, 2009 versus RM267.50 million a year ago.
Meanwhile, its first quarter results for October to December 2009 is scheduled for release on Wednesday, the company said.
At 11.09am, KLK is up six sen to RM16.82 with 135,000 shares done.
Its final single tier dividend of 30 sen goes ex on Tuesday and the payment date is March 17. It posted net profit of RM243.73 million in the fourth quarter ended Sept 30, 2009 versus RM267.50 million a year ago.
Meanwhile, its first quarter results for October to December 2009 is scheduled for release on Wednesday, the company said.
Bursa dijangka catat kenaikan
KUALA LUMPUR 21 Feb. - Peniaga pasaran saham menjangkakan kenaikan selepas Tahun Baru Cina di Bursa Malaysia minggu depan apabila pelabur-pelabur kembali semula ke dalam pasaran selepas bercuti panjang.
Bagaimanapun, mereka juga menyedari pelabur-pelabur masih berhati-hati dengan krisis hutang Eropah yang boleh menjejaskan pemulihan ekonomi global dan langkah Rizab Persekutuan yang menaikkan kadar diskaun.
Bagi minggu yang baru berakhir ini, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia naik 4.28 mata kepada 1,257.67 daripada 1,253.39 sebelumnya.
"Indeks itu dijangka terus meningkat bagi membetulkan situasi terlebih jual dalam tempoh terdekat ini. Kami menjangkakan 1,280 hingga 1,300 sebagai had bagi kenaikan sekarang," kata MIMB Investment Bank dalam nota penyelidikannya.
Sementara itu Prudential Fund Management dalam laporan penyelidikannya berkata, kebimbangan terhadap risiko mungkir dan langkah agresif bank-bank pusat mengetatkan dasar menjejaskan sentimen pasaran dalam tempoh beberapa minggu ini.
"Sehingga gambaran jelas muncul di masa depan, nampaknya keadaan mudah ruap kekal dalam pasaran ekuiti," kata Prudential.
Bagi asas mingguan, Indeks Kewangan meningkat 55.9 mata kepada 11,001.94, Indeks Perladangan naik 72.61 mata kepada 6,277.11 manakala Indeks Perusahaan menokok 12.94 mata kepada 2,601.01.
Indeks FBM Emas meningkat 17.54 mata kepada 8,453.87, FBM Top 100 naik 18.79 mata kepada 8,229.02 manakala Indeks FBM ACE susut 1.69 mata kepada 4,327.28.
Minggu yang baru berakhir ini juga menyaksikan Homeritz memulakan dagangan sulung di Pasaran Utama dengan premium 3.5 sen mengatasi harga tawaran 65 sen.
Pengeluar perabot rumah dari Johor itu ditutup pada 65.5 sen dengan 726,704 lot bertukar tangan.
Jumlah dagangan mingguan turun kepada 1.767 bilion saham bernilai RM3.175 bilion daripada 3.365 bilion saham bernilai RM5.685 bilion sebelumnya apabila bursa itu ditutup pada Isnin dan Selasa sempena sambutan perayaan Tahun Baru Cina.
Jumlah dagangan di Pasaran Utama susut kepada 1.475 bilion saham bernilai RM3.103 bilion daripada 2.875 bilion saham bernilai RM5.579 bilion.
Waran turun kepada 94.302 juta unit bernilai RM13.626 juta daripada 153.079 juta unit bernilai RM26.959 juta.
Jumlah dagangan Pasaran ACE berkurangan kepada 178.72 juta saham bernilai RM46.585 juta daripada 226.190 juta saham bernilai RM48.175 juta. - Bernama
Bagaimanapun, mereka juga menyedari pelabur-pelabur masih berhati-hati dengan krisis hutang Eropah yang boleh menjejaskan pemulihan ekonomi global dan langkah Rizab Persekutuan yang menaikkan kadar diskaun.
Bagi minggu yang baru berakhir ini, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia naik 4.28 mata kepada 1,257.67 daripada 1,253.39 sebelumnya.
"Indeks itu dijangka terus meningkat bagi membetulkan situasi terlebih jual dalam tempoh terdekat ini. Kami menjangkakan 1,280 hingga 1,300 sebagai had bagi kenaikan sekarang," kata MIMB Investment Bank dalam nota penyelidikannya.
Sementara itu Prudential Fund Management dalam laporan penyelidikannya berkata, kebimbangan terhadap risiko mungkir dan langkah agresif bank-bank pusat mengetatkan dasar menjejaskan sentimen pasaran dalam tempoh beberapa minggu ini.
"Sehingga gambaran jelas muncul di masa depan, nampaknya keadaan mudah ruap kekal dalam pasaran ekuiti," kata Prudential.
Bagi asas mingguan, Indeks Kewangan meningkat 55.9 mata kepada 11,001.94, Indeks Perladangan naik 72.61 mata kepada 6,277.11 manakala Indeks Perusahaan menokok 12.94 mata kepada 2,601.01.
Indeks FBM Emas meningkat 17.54 mata kepada 8,453.87, FBM Top 100 naik 18.79 mata kepada 8,229.02 manakala Indeks FBM ACE susut 1.69 mata kepada 4,327.28.
Minggu yang baru berakhir ini juga menyaksikan Homeritz memulakan dagangan sulung di Pasaran Utama dengan premium 3.5 sen mengatasi harga tawaran 65 sen.
Pengeluar perabot rumah dari Johor itu ditutup pada 65.5 sen dengan 726,704 lot bertukar tangan.
Jumlah dagangan mingguan turun kepada 1.767 bilion saham bernilai RM3.175 bilion daripada 3.365 bilion saham bernilai RM5.685 bilion sebelumnya apabila bursa itu ditutup pada Isnin dan Selasa sempena sambutan perayaan Tahun Baru Cina.
Jumlah dagangan di Pasaran Utama susut kepada 1.475 bilion saham bernilai RM3.103 bilion daripada 2.875 bilion saham bernilai RM5.579 bilion.
Waran turun kepada 94.302 juta unit bernilai RM13.626 juta daripada 153.079 juta unit bernilai RM26.959 juta.
Jumlah dagangan Pasaran ACE berkurangan kepada 178.72 juta saham bernilai RM46.585 juta daripada 226.190 juta saham bernilai RM48.175 juta. - Bernama
FBM KLCI meningkat 4.28 mata
EKONOMI FBM KLCI meningkat 4.28 mata
Oleh Kaladher Govindan
SAHAM di Bursa Malaysia meningkat minggu lalu apabila pelabur kembali memasuki pasaran setelah berakhir cuti Tahun Baru Cina.
Bagaimanapun, momentum belian yang lemah dan aktiviti pengambilan untung berikutan kelemahan pasaran Asia telah mengehadkan kenaikan.
Penanda aras utama, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) pada minggu lalu menokok 4.28 mata atau 0.34 peratus untuk ditutup pada 1,257.67 mata didorong oleh kenaikan saham Sime Darby (+12 sen), CIMB (+14 sen) dan IOI Corp (+9 sen).
Jumlah purata dagangan harian, bagaimanapun susut kepada 589 juta saham sehari bernilai RM1.06 bilion, berbanding 673 juta saham RM1.11 bilion yang dicatat pada minggu sebelumnya.
Pasaran saham Amerika Syarikat (AS) menunjukkan peningkatan keyakinan menjelang akhir minggu lalu susulan pengumuman kadar inflasi lebih rendah berbanding jangkaan, keuntungan korporat yang positif bagi 75 peratus daripada syarikat tersenarai di Bursa New York dan aktiviti perkilangan serta pengembangan perniagaan berterusan.
Ia sekali gus mengetepikan kebimbangan mengenai kesan kenaikan kadar diskaun Rizab Persekutuan sebanyak 0.25 peratus.
Adalah penting untuk diketahui perbezaan antara kadar diskaun dan kadar dana persekutuan, yang mana kadar diskaun adalah kadar faedah bagi bank ketika meminjam daripada Rizab Persekutuan, manakala kadar faedah pinjaman semalam antara bank.
Penganalisis yang optimis akan berpendapat peningkatan kadar diskaun adalah positif kerana ia memberi petanda bahawa kecairan bank kembali normal dan ia meningkatkan keyakinan bank meminjam sesama sendiri.
Kenaikan itu tidak akan menyebabkan peningkatan kadar dana yang berkait langsung dengan kadar faedah pinjaman bank yang dikenakan kepada pengguna dalam jangka terdekat.
Pengerusi Rizab Persekutuan AS, Ben Bernanke, dijangka menyatakan pendapat sama ketika membentang laporan ekonomi dan kadar faedah AS bagi tempoh enam bulan kepada panel Senat pada Rabu dan Khamis ini.
Sebarang berita positif di peringkat antarabangsa akan memberi kesan baik kepada pasaran tempatan, yang mana akan menyaksikan peningkatan jumlah dagangan dengan pertambahan penyertaan pelabur selepas musim cuti perayaan.
Bagaimanapun, pasaran tempatan dijangka terjejas dalam jangka pendek jika Bank Negara Malaysia memilih menaikkan kadar dasar semalaman (OPR) pada mesyuarat Jawatankuasa Monetari pada 4 Mac ini, setelah beberapa kali menyatakan bahawa OPR semasa adalah pada paras rendah untuk tempoh yang terlalu lama dan bercadang untuk menaikkannya ke paras normal.
Oleh demikian, pengumuman Indeks Harga Pengguna (CPI) Rabu ini tidak akan memberi kesan walaupun sebahagian besar penganalisis menjangka ia kekal rendah pada kadar 1.5 peratus.
Kadar inflasi rendah boleh menceriakan pasaran untuk seketika namun kebimbangan kenaikan kadar faedah akan muncul, lebih-lebih lagi jika kadar pertumbuhan Keluaran Dalam Negara Kasar (KDNK) bagi suku keempat 2009 yang diumumkan pada tarikh sama adalah lebih tinggi berbanding jangkaan iaitu pada kadar 2.9 peratus.
Minat pelabur terhadap saham syarikat produk sarung tangan getah akan kembali meningkat pada minggu ini selepas Supermax melaporkan keuntungan bersihnya bagi tahun kewangan 2009 meningkat tiga kali ganda kepada RM129.8 juta berbanding tahun sebelumnya.
Keuntungan itu didorong peningkatan permintaan global, kadar pengeluaran yang lebih tinggi dan kuasa penetapan harga yang lebih baik.
Dari segi teknikal, aliran meningkat FBM KLCI dijangka terhenti seketika untuk menjalani fasa pengukuhan.
Bagaimanapun, peningkatan momentum belian selepas cuti Tahun Baru Cina adalah penting bagi memastikan aliran meningkatkan selanjutnya berlaku selepas fasa pengukuhan semasa.
Pasar halangan semasa bagi FBM KLCI adalah 1,266 dan 1,276 mata, manakala paras sokongan pula adalah pada 1,249 dan 1,240 mata.
Pelabur disarankan mengumpul saham perbankan seperti AFG, CIMB, Maybank dan Public Bank yang berpotensi meningkat dalam jangka sederhana dan pada masa sama, saham syarikat sarung tangan getah seperti Adventa, IRCB, Latexx dan Supermax dijangka akan terus menarik minat pelabur.
Keuntungan itu juga meningkatkan pemerolehan sesaham (EPS) Supermax sebanyak 24 peratus kepada 62 sen sesaham dan syarikat itu mengumumkan dividen khas dan akhir yang dikecualikan cukai masing-masing sebanyak 9.0 peratus dan 8.0 peratus.
Keadaan itu menarik minat pelabur untuk saham kumpulan itu kerana dari segi penilaian ia adalah 20 peratus lebih rendah berbanding harga saham pesaing terdekatnya, Top Glove.
Saham Proton Holdings Bhd juga dijangka mendapat perhatian pelabur setelah melaporkan keuntungan bersih bagi tempoh sembilan bulan yang 94 peratus lebih tinggi berbanding jangkaan sebahagian besar penganalisis.
Spekulasi pengumuman pakatan strategik Proton dengan syarikat automotif Eropah sedikit masa lagi juga dijangka mampu meningkatkan minat pelabur.
Sementara itu, keputusan mesyuarat agung luar biasa (EGM) EON Capital Bhd minggu ini juga akan mendapat perhatian pelabur. Sebilangan pemegang saham utama syarikat itu yakin bahawa mereka akan mendapat kelulusan pemegang saham lain untuk melantik lapan pengarah baru kumpulan itu.
Terdapat khabar angin yang menyatakan bahawa kandungan rancangan strategik Hong Leong Bank bagi tahun kewangan barunya turut mengambil kira kemasukan EON Capital. Dari segi teknikal, aliran meningkat FBM KLCI dijangka terhenti seketika untuk menjalani fasa pengukuhan.
Bagaimanapun, peningkatan momentum belian selepas cuti Tahun Baru Cina adalah penting bagi memastikan aliran meningkatkan selanjutnya berlaku selepas fasa pengukuhan semasa.
Pasar halangan semasa bagi FBM KLCI adalah 1,266 dan 1,276 mata, manakala paras sokongan pula adalah pada 1,249 dan 1,240 mata.
Pelabur disarankan mengumpul saham perbankan seperti AFG, CIMB, Maybank dan Public Bank yang berpotensi meningkat dalam jangka sederhana dan pada masa sama, saham syarikat sarung tangan getah seperti Adventa, IRCB, Latexx dan Supermax dijangka akan terus menarik minat pelabur.
Oleh Kaladher Govindan
SAHAM di Bursa Malaysia meningkat minggu lalu apabila pelabur kembali memasuki pasaran setelah berakhir cuti Tahun Baru Cina.
Bagaimanapun, momentum belian yang lemah dan aktiviti pengambilan untung berikutan kelemahan pasaran Asia telah mengehadkan kenaikan.
Penanda aras utama, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) pada minggu lalu menokok 4.28 mata atau 0.34 peratus untuk ditutup pada 1,257.67 mata didorong oleh kenaikan saham Sime Darby (+12 sen), CIMB (+14 sen) dan IOI Corp (+9 sen).
Jumlah purata dagangan harian, bagaimanapun susut kepada 589 juta saham sehari bernilai RM1.06 bilion, berbanding 673 juta saham RM1.11 bilion yang dicatat pada minggu sebelumnya.
Pasaran saham Amerika Syarikat (AS) menunjukkan peningkatan keyakinan menjelang akhir minggu lalu susulan pengumuman kadar inflasi lebih rendah berbanding jangkaan, keuntungan korporat yang positif bagi 75 peratus daripada syarikat tersenarai di Bursa New York dan aktiviti perkilangan serta pengembangan perniagaan berterusan.
Ia sekali gus mengetepikan kebimbangan mengenai kesan kenaikan kadar diskaun Rizab Persekutuan sebanyak 0.25 peratus.
Adalah penting untuk diketahui perbezaan antara kadar diskaun dan kadar dana persekutuan, yang mana kadar diskaun adalah kadar faedah bagi bank ketika meminjam daripada Rizab Persekutuan, manakala kadar faedah pinjaman semalam antara bank.
Penganalisis yang optimis akan berpendapat peningkatan kadar diskaun adalah positif kerana ia memberi petanda bahawa kecairan bank kembali normal dan ia meningkatkan keyakinan bank meminjam sesama sendiri.
Kenaikan itu tidak akan menyebabkan peningkatan kadar dana yang berkait langsung dengan kadar faedah pinjaman bank yang dikenakan kepada pengguna dalam jangka terdekat.
Pengerusi Rizab Persekutuan AS, Ben Bernanke, dijangka menyatakan pendapat sama ketika membentang laporan ekonomi dan kadar faedah AS bagi tempoh enam bulan kepada panel Senat pada Rabu dan Khamis ini.
Sebarang berita positif di peringkat antarabangsa akan memberi kesan baik kepada pasaran tempatan, yang mana akan menyaksikan peningkatan jumlah dagangan dengan pertambahan penyertaan pelabur selepas musim cuti perayaan.
Bagaimanapun, pasaran tempatan dijangka terjejas dalam jangka pendek jika Bank Negara Malaysia memilih menaikkan kadar dasar semalaman (OPR) pada mesyuarat Jawatankuasa Monetari pada 4 Mac ini, setelah beberapa kali menyatakan bahawa OPR semasa adalah pada paras rendah untuk tempoh yang terlalu lama dan bercadang untuk menaikkannya ke paras normal.
Oleh demikian, pengumuman Indeks Harga Pengguna (CPI) Rabu ini tidak akan memberi kesan walaupun sebahagian besar penganalisis menjangka ia kekal rendah pada kadar 1.5 peratus.
Kadar inflasi rendah boleh menceriakan pasaran untuk seketika namun kebimbangan kenaikan kadar faedah akan muncul, lebih-lebih lagi jika kadar pertumbuhan Keluaran Dalam Negara Kasar (KDNK) bagi suku keempat 2009 yang diumumkan pada tarikh sama adalah lebih tinggi berbanding jangkaan iaitu pada kadar 2.9 peratus.
Minat pelabur terhadap saham syarikat produk sarung tangan getah akan kembali meningkat pada minggu ini selepas Supermax melaporkan keuntungan bersihnya bagi tahun kewangan 2009 meningkat tiga kali ganda kepada RM129.8 juta berbanding tahun sebelumnya.
Keuntungan itu didorong peningkatan permintaan global, kadar pengeluaran yang lebih tinggi dan kuasa penetapan harga yang lebih baik.
Dari segi teknikal, aliran meningkat FBM KLCI dijangka terhenti seketika untuk menjalani fasa pengukuhan.
Bagaimanapun, peningkatan momentum belian selepas cuti Tahun Baru Cina adalah penting bagi memastikan aliran meningkatkan selanjutnya berlaku selepas fasa pengukuhan semasa.
Pasar halangan semasa bagi FBM KLCI adalah 1,266 dan 1,276 mata, manakala paras sokongan pula adalah pada 1,249 dan 1,240 mata.
Pelabur disarankan mengumpul saham perbankan seperti AFG, CIMB, Maybank dan Public Bank yang berpotensi meningkat dalam jangka sederhana dan pada masa sama, saham syarikat sarung tangan getah seperti Adventa, IRCB, Latexx dan Supermax dijangka akan terus menarik minat pelabur.
Keuntungan itu juga meningkatkan pemerolehan sesaham (EPS) Supermax sebanyak 24 peratus kepada 62 sen sesaham dan syarikat itu mengumumkan dividen khas dan akhir yang dikecualikan cukai masing-masing sebanyak 9.0 peratus dan 8.0 peratus.
Keadaan itu menarik minat pelabur untuk saham kumpulan itu kerana dari segi penilaian ia adalah 20 peratus lebih rendah berbanding harga saham pesaing terdekatnya, Top Glove.
Saham Proton Holdings Bhd juga dijangka mendapat perhatian pelabur setelah melaporkan keuntungan bersih bagi tempoh sembilan bulan yang 94 peratus lebih tinggi berbanding jangkaan sebahagian besar penganalisis.
Spekulasi pengumuman pakatan strategik Proton dengan syarikat automotif Eropah sedikit masa lagi juga dijangka mampu meningkatkan minat pelabur.
Sementara itu, keputusan mesyuarat agung luar biasa (EGM) EON Capital Bhd minggu ini juga akan mendapat perhatian pelabur. Sebilangan pemegang saham utama syarikat itu yakin bahawa mereka akan mendapat kelulusan pemegang saham lain untuk melantik lapan pengarah baru kumpulan itu.
Terdapat khabar angin yang menyatakan bahawa kandungan rancangan strategik Hong Leong Bank bagi tahun kewangan barunya turut mengambil kira kemasukan EON Capital. Dari segi teknikal, aliran meningkat FBM KLCI dijangka terhenti seketika untuk menjalani fasa pengukuhan.
Bagaimanapun, peningkatan momentum belian selepas cuti Tahun Baru Cina adalah penting bagi memastikan aliran meningkatkan selanjutnya berlaku selepas fasa pengukuhan semasa.
Pasar halangan semasa bagi FBM KLCI adalah 1,266 dan 1,276 mata, manakala paras sokongan pula adalah pada 1,249 dan 1,240 mata.
Pelabur disarankan mengumpul saham perbankan seperti AFG, CIMB, Maybank dan Public Bank yang berpotensi meningkat dalam jangka sederhana dan pada masa sama, saham syarikat sarung tangan getah seperti Adventa, IRCB, Latexx dan Supermax dijangka akan terus menarik minat pelabur.
InsiderAsia's model portfolio — Week 365
THIS review covers the last two weeks, due to the Chinese New Year holidays last Monday.
While the local stock market's benchmark index rose over the last two weeks, but it was a choppy period. Investor sentiment shifted between optimism and pessimism almost every other day. Over the two-week period, the FBM KLCI added 9.8 points or 0.8% to end at 1,257.7 points.
The long Chinese New Year holidays also saw trading volumes contract significantly, both before and after the lunar new year. Many investors took an extended holiday, or preferred to sit on the sidelines due to Wall Street's recent volatility and lingering external uncertainties.
After the holidays, the lunar new year initially got off to a good start for Asian bourses, thanks to a rally on Wall Street. Wall Street's rally earlier in the week was fuelled by hopes that the global economy recovery was on track following a number of positive economic data as well as optimism Greece's debt problems will be resolved, if not contained.
The rash of better-than-expected US data include those on the manufacturing and housing sectors. The Empire State manufacturing index for New York rose to 24.91 from 15.92 last month. US housing starts rose by a much better-than-expected 2.8% to a seasonally adjusted annual rate of 591,000 units in January, the highest level in six months. US industrial production also rose by a higher-than-expected 0.9% in January. It was the seventh consecutive monthly rise in output.
Elsewhere — and underscoring the patchiness of the recovery, UK jobless claims unexpectedly jumped in January to the highest level since 1997, with unemployment at 7.8%.
However, all this was later overshadowed by an unexpected turn of events. Sentiment for global equities took a turn for the worse at the end of the week, following an unexpected US rate hike.
Stock markets across Asia slumped last Friday, following a move by the US Federal Reserve to raise the discount rate last Thursday night, after Wall Street had closed. This raised fears that the inevitable US monetary tightening could come sooner than expected.
The Federal Reserve raised the overnight rate, the rate it charges banks for emergency loans by 25 basis points to 0.75%. This was to withdraw some of the emergency measures in place during the crisis, towards a more normalised structure with the economy on a recovery path.
Investors should note the distinction between the discount rate and the federal funds interbank lending rate. The key federal funds rate, the main monetary policy tool, remains unchanged near zero, and within the target of 0%-0.25% established since late 2008 during the crisis.
The key federal funds rate is likely to remain low for some time to sustain the still fragile US economic recovery, especially amid high unemployment.
Thus, the raising of the overnight rate itself does not necessarily mark the start of monetary tightening in the US yet, which many expect to happen in the second half of 2010 or early 2011.
Nonetheless, the sudden move, especially in between Federal Open Market Committee (FOMC) meetings, roiled global financial markets last Friday, sending stock markets and commodities lower and the US dollar higher.
Most affected were cyclical and export-oriented stocks, as well as the Hong Kong bourse, whose currency and monetary policies are closely tied to the US. The Malaysian bourse, fortunately, was more resilient as our monetary policies have been independent of US' for quite some time.
Global equity investors have been hit by several rough patches lately, with problems ranging from mixed economic data, fears of monetary tightening, China's credit-tightening measures and sovereign debt problems in Europe, among others.
The ongoing tug of war between investor optimism and pessimism will likely continue for some time, as long as US economic data remain mixed and external concerns linger. This will unfortunately cause more day-to-day gyrations, depending on developments overseas and on Wall Street.
Portfolio review
Our basket of 19 stocks rose by 0.13% over the last two weeks, slightly less than the FBM KLCI's 0.79% rise.
Including our large cash reserves (for which no interest is imputed), the total portfolio value increased by a smaller margin of 0.1% to RM538,680.
Our model portfolio's total value and returns represent a significant achievement compared with our initial capital of just RM160,000. We started the model portfolio on March 3, 2003.
Our total profits are very substantial at RM378,680. Of this amount, RM223,866 has already been realised from earlier sales and the rest are unrealised.
Since its inception, our model portfolio has registered a hefty return of 236.7% compared with our capital of RM160,000. By comparison, the FBM KLCI was up by 94.4% over the same period, even though it has been less representative of the broader market's performance. Plus, our portfolio holds a significant amount of non-interest yielding cash at all times for prudence sake.
Reflecting the mixed broader market conditions, we had eight gaining stocks, 10 losing ones and one unchanged (Tanjung Offshore) over the two-week period.
The major gainers were CSC Steel (up 7.8%), 3A Resources (up 7.2%), Ireka (up 6.9%) and Masteel (up 4.8%).
At RM2.24, 3A's shares are now yielding us hefty returns of 611% compared with our dividend-adjusted acquisition cost of just 31.5 sen back in December 2008. CSC's shares are yielding us a 57% gain, since we acquired them just last August 2009. We had bought the stock primarily for its high dividends, but it has since given us very good capital gains too.
The declining stocks over the last two weeks were led by the portfolio's latest newcomer Green Packet (down 7.6%), followed by Pantech (down 6.9%) and Muhibbah (down 6.1%).
We are keeping our portfolio unchanged.
Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.
While the local stock market's benchmark index rose over the last two weeks, but it was a choppy period. Investor sentiment shifted between optimism and pessimism almost every other day. Over the two-week period, the FBM KLCI added 9.8 points or 0.8% to end at 1,257.7 points.
The long Chinese New Year holidays also saw trading volumes contract significantly, both before and after the lunar new year. Many investors took an extended holiday, or preferred to sit on the sidelines due to Wall Street's recent volatility and lingering external uncertainties.
After the holidays, the lunar new year initially got off to a good start for Asian bourses, thanks to a rally on Wall Street. Wall Street's rally earlier in the week was fuelled by hopes that the global economy recovery was on track following a number of positive economic data as well as optimism Greece's debt problems will be resolved, if not contained.
The rash of better-than-expected US data include those on the manufacturing and housing sectors. The Empire State manufacturing index for New York rose to 24.91 from 15.92 last month. US housing starts rose by a much better-than-expected 2.8% to a seasonally adjusted annual rate of 591,000 units in January, the highest level in six months. US industrial production also rose by a higher-than-expected 0.9% in January. It was the seventh consecutive monthly rise in output.
Elsewhere — and underscoring the patchiness of the recovery, UK jobless claims unexpectedly jumped in January to the highest level since 1997, with unemployment at 7.8%.
However, all this was later overshadowed by an unexpected turn of events. Sentiment for global equities took a turn for the worse at the end of the week, following an unexpected US rate hike.
Stock markets across Asia slumped last Friday, following a move by the US Federal Reserve to raise the discount rate last Thursday night, after Wall Street had closed. This raised fears that the inevitable US monetary tightening could come sooner than expected.
The Federal Reserve raised the overnight rate, the rate it charges banks for emergency loans by 25 basis points to 0.75%. This was to withdraw some of the emergency measures in place during the crisis, towards a more normalised structure with the economy on a recovery path.
Investors should note the distinction between the discount rate and the federal funds interbank lending rate. The key federal funds rate, the main monetary policy tool, remains unchanged near zero, and within the target of 0%-0.25% established since late 2008 during the crisis.
The key federal funds rate is likely to remain low for some time to sustain the still fragile US economic recovery, especially amid high unemployment.
Thus, the raising of the overnight rate itself does not necessarily mark the start of monetary tightening in the US yet, which many expect to happen in the second half of 2010 or early 2011.
Nonetheless, the sudden move, especially in between Federal Open Market Committee (FOMC) meetings, roiled global financial markets last Friday, sending stock markets and commodities lower and the US dollar higher.
Most affected were cyclical and export-oriented stocks, as well as the Hong Kong bourse, whose currency and monetary policies are closely tied to the US. The Malaysian bourse, fortunately, was more resilient as our monetary policies have been independent of US' for quite some time.
Global equity investors have been hit by several rough patches lately, with problems ranging from mixed economic data, fears of monetary tightening, China's credit-tightening measures and sovereign debt problems in Europe, among others.
The ongoing tug of war between investor optimism and pessimism will likely continue for some time, as long as US economic data remain mixed and external concerns linger. This will unfortunately cause more day-to-day gyrations, depending on developments overseas and on Wall Street.
Portfolio review
Our basket of 19 stocks rose by 0.13% over the last two weeks, slightly less than the FBM KLCI's 0.79% rise.
Including our large cash reserves (for which no interest is imputed), the total portfolio value increased by a smaller margin of 0.1% to RM538,680.
Our model portfolio's total value and returns represent a significant achievement compared with our initial capital of just RM160,000. We started the model portfolio on March 3, 2003.
Our total profits are very substantial at RM378,680. Of this amount, RM223,866 has already been realised from earlier sales and the rest are unrealised.
Since its inception, our model portfolio has registered a hefty return of 236.7% compared with our capital of RM160,000. By comparison, the FBM KLCI was up by 94.4% over the same period, even though it has been less representative of the broader market's performance. Plus, our portfolio holds a significant amount of non-interest yielding cash at all times for prudence sake.
Reflecting the mixed broader market conditions, we had eight gaining stocks, 10 losing ones and one unchanged (Tanjung Offshore) over the two-week period.
The major gainers were CSC Steel (up 7.8%), 3A Resources (up 7.2%), Ireka (up 6.9%) and Masteel (up 4.8%).
At RM2.24, 3A's shares are now yielding us hefty returns of 611% compared with our dividend-adjusted acquisition cost of just 31.5 sen back in December 2008. CSC's shares are yielding us a 57% gain, since we acquired them just last August 2009. We had bought the stock primarily for its high dividends, but it has since given us very good capital gains too.
The declining stocks over the last two weeks were led by the portfolio's latest newcomer Green Packet (down 7.6%), followed by Pantech (down 6.9%) and Muhibbah (down 6.1%).
We are keeping our portfolio unchanged.
Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.
February 19, 2010
Islamic finance a viable alternative
THE future of Islamic finance promises great potential and is well on its way to surpass the widely used conventional financial system as many become aware that the Islamic way provides a viable alternative for better economic and business activities.
International Centre for Education in Islamic Finance (INCEIF) head of economics and governance department Syed Abdul Hamid Al Junid said Islamic finance is different due to the ethics and morality involved.
"Wealth-creating growth and development promoted by Islamic finance are circumscribed by morality and ethics to curb things like greed," he said, noting that the natural tendency of the current conventional system is to look at the end aim or objective.
Syed Abdul Hamid said the end results of conventional financial system may look good but it can cost the society and it will not be durable.
"Sooner of later it will crack or crumble. This is what we witnessed during the global economic downturn," he said, stressing the need to sustain ethical and moral values in finance.
Syed Abdul Hamid said the difference between Islamic and the conventional system lies not only at the society level but involves the view and understanding of the Islamic world itself.
Islamic finance is founded based on syariah principles which express an intention to meet the financial needs of participants with integrity and in a manner that is just, fair, trustworthy and honest, while ensuring a more equitable wealth distribution.
It upholds the principles of integrity, transparency, fairness and good corporate governance.
"The level of integrity and good ethics in Islamic finance has shown a lot of improvement in Malaysia," he said.
Syed Abdul Hamid said there is still a lot more that needs to be done to improve the integrity of Islamic finance and ethics especially in educating industry players on its concept including to the non-Muslim society.
"We must have a good understanding on what the Islamic finance conceptual framework is based upon or else we will not be able to fully comply to the syariah principles that upholds it," he said.
He said learning about syariah compliance without knowing how it comes into play is considered as incomplete.
This will create an environment of prescriptive thinking which means complying for the sake of complying and nothing more, Syed Abdul Hamid added.
He said with integrity and ethics of Islamic finance, it could help contribute to the global financial market stability and prevent excesses that led to the collapse of the conventional financial system.
"The issue lies not so much with innovation but with the loss of the finance industry's moral compass.
"There is therefore a need to bring back faith into finance. Islamic finance, through its set of principles for good governance and responsibility, can help curtail excesses and promote higher level of honesty, fairness and integrity," he said.
International Centre for Education in Islamic Finance (INCEIF) head of economics and governance department Syed Abdul Hamid Al Junid said Islamic finance is different due to the ethics and morality involved.
"Wealth-creating growth and development promoted by Islamic finance are circumscribed by morality and ethics to curb things like greed," he said, noting that the natural tendency of the current conventional system is to look at the end aim or objective.
Syed Abdul Hamid said the end results of conventional financial system may look good but it can cost the society and it will not be durable.
"Sooner of later it will crack or crumble. This is what we witnessed during the global economic downturn," he said, stressing the need to sustain ethical and moral values in finance.
Syed Abdul Hamid said the difference between Islamic and the conventional system lies not only at the society level but involves the view and understanding of the Islamic world itself.
Islamic finance is founded based on syariah principles which express an intention to meet the financial needs of participants with integrity and in a manner that is just, fair, trustworthy and honest, while ensuring a more equitable wealth distribution.
It upholds the principles of integrity, transparency, fairness and good corporate governance.
"The level of integrity and good ethics in Islamic finance has shown a lot of improvement in Malaysia," he said.
Syed Abdul Hamid said there is still a lot more that needs to be done to improve the integrity of Islamic finance and ethics especially in educating industry players on its concept including to the non-Muslim society.
"We must have a good understanding on what the Islamic finance conceptual framework is based upon or else we will not be able to fully comply to the syariah principles that upholds it," he said.
He said learning about syariah compliance without knowing how it comes into play is considered as incomplete.
This will create an environment of prescriptive thinking which means complying for the sake of complying and nothing more, Syed Abdul Hamid added.
He said with integrity and ethics of Islamic finance, it could help contribute to the global financial market stability and prevent excesses that led to the collapse of the conventional financial system.
"The issue lies not so much with innovation but with the loss of the finance industry's moral compass.
"There is therefore a need to bring back faith into finance. Islamic finance, through its set of principles for good governance and responsibility, can help curtail excesses and promote higher level of honesty, fairness and integrity," he said.
Harga saham ditutup lebih rendah
HARGA saham di Bursa Malaysia mencatatkan paras penutupan yang lebih rendah semalam apabila pelabur mengambil untung di kaunter berwajaran tinggi berikutan kenaikan harga minyak mentah.
Pada akhir sesi dagangan, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) susut 0.07 mata kepada 1,259.0, diseret turun oleh kejatuhan yang diterajui Genting.
Bagaimanapun, kenaikan saham Tenaga berupaya mengehadkan sebahagian daripada kejatuhan itu, kata peniaga.
FBM KLCI, dibuka 2.39 mata lebih tinggi pada 1,261.46 bergerak di antara 1,258.25 dengan 1,262.2 sepanjang sesi dagangan.
Indeks Kewangan mengukuh 8.47 mata kepada 11,004.71, Indeks Perusahaan menambah 0.94 mata kepada 2,604.23 dan Indeks Perladangan meningkat 2.64 mata kepada 6,280.06.
Indeks FBM Emas turun 6.03 mata kepada 8,480.1 dan Indeks FBM70 merosot 10.351 mata kepada 8,331.35 manakala Indeks FBM Ace naik 7.99 mata kepada 4,378.4.
Saham rugi mengatasi saham untung dengan jumlah 410 berbanding 232 manakala 238 kaunter tidak berubah, 473 tidak diniagakan dan 51 yang lain digantung urus niaga.
Jumlah dagangan bertambah kepada 598.452 juta saham bernilai RM998.257 juta berbanding 544.99 juta saham bernilai RM1.018 bilion kelmarin.
Dalam nota penyelidikannya, MIMB Investment Bank berkata FBM KLCI mengalami lantunan pembetulan dalam jangka pendek.
“Bagaimanapun, ia berkemungkinan berdepan jualan besar-besaran dalam jangka sederhana, jika paras halangan psikologi 1,300 tidak dilepasi,” katanya.
Jumlah dagangan dalam Pasaran Utama meningkat kepada 488.791 juta unit bernilai RM971.34 juta daripada 445.876 juta saham bernilai RM991.116 juta, kelmarin.
Pasaran ACE mencatatkan peningkatan jumlah dagangan kepada 75.383 juta saham bernilai RM20.283 juta daripada 64.626 juta unit bernilai RM17.925 juta sebelumnya.
Waran juga bertambah kepada 30.3 juta saham bernilai RM4.077 juta daripada 28.808 juta saham bernilai RM5.431 juta pada Rabu lalu.
Antara saham cergas, MAS-Ord Rights susut dua sen kepada 12 sen, Frontken Corp Bhd-Ord Rights turun sesen kepada tujuh sen dan KNM Group setengah sen lebih rendah pada 81 sen.
Bagi saham berwajaran tinggi, Sime Darby susut satu sen kepada RM8.49, Maybank kekal pada RM6.89, CIMB Group menokok empat sen kepada RM12.60, Tenaga naik 13 sen kepada RM7.98 manakala Genting jatuh 15 sen kepada RM6.54.
Barangan pengguna menguasai 31.514 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 111.152 juta, pembinaan 23.148 juta, perdagangan dan perkhidmatan 191.419 juta, teknologi 27.669 juta, prasarana 7.345 juta, kewangan 39.965 juta, hotel 7.466 juta, harta 32.244 juta, perladangan 16.24 juta, perlombongan tiada, REIT 610,800 dan dana tertutup 18,500. - Bernama
Pada akhir sesi dagangan, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) susut 0.07 mata kepada 1,259.0, diseret turun oleh kejatuhan yang diterajui Genting.
Bagaimanapun, kenaikan saham Tenaga berupaya mengehadkan sebahagian daripada kejatuhan itu, kata peniaga.
FBM KLCI, dibuka 2.39 mata lebih tinggi pada 1,261.46 bergerak di antara 1,258.25 dengan 1,262.2 sepanjang sesi dagangan.
Indeks Kewangan mengukuh 8.47 mata kepada 11,004.71, Indeks Perusahaan menambah 0.94 mata kepada 2,604.23 dan Indeks Perladangan meningkat 2.64 mata kepada 6,280.06.
Indeks FBM Emas turun 6.03 mata kepada 8,480.1 dan Indeks FBM70 merosot 10.351 mata kepada 8,331.35 manakala Indeks FBM Ace naik 7.99 mata kepada 4,378.4.
Saham rugi mengatasi saham untung dengan jumlah 410 berbanding 232 manakala 238 kaunter tidak berubah, 473 tidak diniagakan dan 51 yang lain digantung urus niaga.
Jumlah dagangan bertambah kepada 598.452 juta saham bernilai RM998.257 juta berbanding 544.99 juta saham bernilai RM1.018 bilion kelmarin.
Dalam nota penyelidikannya, MIMB Investment Bank berkata FBM KLCI mengalami lantunan pembetulan dalam jangka pendek.
“Bagaimanapun, ia berkemungkinan berdepan jualan besar-besaran dalam jangka sederhana, jika paras halangan psikologi 1,300 tidak dilepasi,” katanya.
Jumlah dagangan dalam Pasaran Utama meningkat kepada 488.791 juta unit bernilai RM971.34 juta daripada 445.876 juta saham bernilai RM991.116 juta, kelmarin.
Pasaran ACE mencatatkan peningkatan jumlah dagangan kepada 75.383 juta saham bernilai RM20.283 juta daripada 64.626 juta unit bernilai RM17.925 juta sebelumnya.
Waran juga bertambah kepada 30.3 juta saham bernilai RM4.077 juta daripada 28.808 juta saham bernilai RM5.431 juta pada Rabu lalu.
Antara saham cergas, MAS-Ord Rights susut dua sen kepada 12 sen, Frontken Corp Bhd-Ord Rights turun sesen kepada tujuh sen dan KNM Group setengah sen lebih rendah pada 81 sen.
Bagi saham berwajaran tinggi, Sime Darby susut satu sen kepada RM8.49, Maybank kekal pada RM6.89, CIMB Group menokok empat sen kepada RM12.60, Tenaga naik 13 sen kepada RM7.98 manakala Genting jatuh 15 sen kepada RM6.54.
Barangan pengguna menguasai 31.514 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 111.152 juta, pembinaan 23.148 juta, perdagangan dan perkhidmatan 191.419 juta, teknologi 27.669 juta, prasarana 7.345 juta, kewangan 39.965 juta, hotel 7.466 juta, harta 32.244 juta, perladangan 16.24 juta, perlombongan tiada, REIT 610,800 dan dana tertutup 18,500. - Bernama
CIMB Thai tetapkan tiga keutamaan
BANGKOK 18 Feb. – Pengerusi CIMB Thai yang baru dilantik, Chakramon Phasukvanich telah menetapkan tiga keutamaan ke arah mengukuhkan lagi asas bank untuk mencapai keputusan lebih baik tahun ini.
Beliau berkata, keutamaan itu adalah mengurangkan pinjaman tidak berbayar (NPL), mencari pasaran baharu bagi pelanggan perusahaan kecil dan sederhana (SME) dan mengembangkan operasi bank menembusi Indo-China.
“Kami berharap akan mengurangkan NPL kurang daripada purata industri perbankan Thailand, kerana buat masa ini, kami di kalangan yang paling tinggi,” katanya di sini malam tadi.
Menurut rekod, bank itu berhasrat untuk menurunkan NPL bersih kepada kurang lima peratus daripada portfolio pinjamannya tahun ini, daripada 5.45 bilion baht (RM559.2 juta) atau 5.79 peratus sekarang, berbanding purata industri iaitu tiga peratus.
NPL kasar bank itu adalah 9.13 bilion baht (RM936.8 juta) atau 9.62 peratus daripada portfolionya, lebih tinggi daripada purata sektor itu iaitu 6.3 peratus.
CIMB Thai, yang sebelum ini dikenali sebagai BankThai, menjadi sebahagian daripada CIMB Group pada November 2008, apabila CIMB Group memperoleh 93.15 peratus sahamnya.
Pada 30 Jun 2009, aset keseluruhan dan dana pemegang saham CIMB Thai dicatatkan pada 134 bilion baht dan 7.1 bilion baht (728.5 juta).
CIMB Thai mempunyai 147 cawangan di Thailand.
“CIMB Thai kini berbincang dengan CIMB Group mengenai isu NPL ini dan kami berharap untuk menyelesaikannya tahun ini,” kata Chakramon, yang dilantik sebagai pengerusi pada 1 Januari tahun ini.
Dilaporkan CIMB Thai bercadang menjual kepentingannya dalam Sathorn Asset Management kepada syarikat induk bank itu.
Sekarang, CIMB Thai memegang 100 peratus kepentingan dalam firma pengurusan aset itu dengan NPL bernilai 3 bilion baht (307.8 juta).
Mengenai keutamaan keduanya untuk mencari pasaran baharu bagi pelanggan SME, Chakramon, seorang bekas pengerusi Small and Medium Enterprise Development Bank of Thailand, hanya tersenyum apabila diminta menjelaskan perkara ini.
“Kami akan buat pengumuman di masa hadapan,” katanya.
Ahli Kumpulan Penasihat Ekonomi kepada pejabat Perdana Menteri, beliau berkata, bank itu bercadang untuk menembusi Indo-China, bermula dengan Vietnam.
“BankThai, ditubuhkan pada 1998, pernah mempunyai cawangan di Vietnam dan Kemboja. Tetapi kali ini, kita mesti merancang dengan berhati-hati dan tidak mengulang kesilapan lalu,” katanya tanpa menerangkan lebih lanjut.
Chakramon yang merupakan lulusan Sarjana Pengajian Ekonomi dari California State University, berkata, CIMB Thai kini menyediakan perancangan korporat lima tahun sejajar dengan harapan dan hala tuju CIMB Group.
“Tiga keutamaan ini akan menyediakan asas yang kukuh bagi CIMB Thai dan bersama-sama dengan dua penyenaraian itu, bank dijangka mencatatkan keuntungan yang lebih baik tahun ini.
Dilaporkan CIMB Group bercadang membuat penawaran awam awal (IPO) sehingga 35 juta untuk sahamnya bagi rancangan penyenaraian berkembarnya dalam Bursa Saham Thailand (SET).
Penyenaraian itu dijangka selesai pada separuh pertama tahun ini, bergantung kepada kelulusan pemegang saham CIMB Group dan pihak berkuasa Thailand dan Malaysia.
Berdasarkan pemodalan pasaran CIMB Group iaitu ASS$13.7 bilion (RM46.99 bilion) setakat 13 November tahun lepas, syarikat itu akan menjadi antara tiga kumpulan terbesar dalam SET.
CIMB Thai mencatatkan keuntungan bersih iaitu 1.66 juta baht (RM170,00) bagi 2009 dan akan kekal tersenarai dalam SET berikutan penyenaraian berkembar itu. – BERNAMA
Beliau berkata, keutamaan itu adalah mengurangkan pinjaman tidak berbayar (NPL), mencari pasaran baharu bagi pelanggan perusahaan kecil dan sederhana (SME) dan mengembangkan operasi bank menembusi Indo-China.
“Kami berharap akan mengurangkan NPL kurang daripada purata industri perbankan Thailand, kerana buat masa ini, kami di kalangan yang paling tinggi,” katanya di sini malam tadi.
Menurut rekod, bank itu berhasrat untuk menurunkan NPL bersih kepada kurang lima peratus daripada portfolio pinjamannya tahun ini, daripada 5.45 bilion baht (RM559.2 juta) atau 5.79 peratus sekarang, berbanding purata industri iaitu tiga peratus.
NPL kasar bank itu adalah 9.13 bilion baht (RM936.8 juta) atau 9.62 peratus daripada portfolionya, lebih tinggi daripada purata sektor itu iaitu 6.3 peratus.
CIMB Thai, yang sebelum ini dikenali sebagai BankThai, menjadi sebahagian daripada CIMB Group pada November 2008, apabila CIMB Group memperoleh 93.15 peratus sahamnya.
Pada 30 Jun 2009, aset keseluruhan dan dana pemegang saham CIMB Thai dicatatkan pada 134 bilion baht dan 7.1 bilion baht (728.5 juta).
CIMB Thai mempunyai 147 cawangan di Thailand.
“CIMB Thai kini berbincang dengan CIMB Group mengenai isu NPL ini dan kami berharap untuk menyelesaikannya tahun ini,” kata Chakramon, yang dilantik sebagai pengerusi pada 1 Januari tahun ini.
Dilaporkan CIMB Thai bercadang menjual kepentingannya dalam Sathorn Asset Management kepada syarikat induk bank itu.
Sekarang, CIMB Thai memegang 100 peratus kepentingan dalam firma pengurusan aset itu dengan NPL bernilai 3 bilion baht (307.8 juta).
Mengenai keutamaan keduanya untuk mencari pasaran baharu bagi pelanggan SME, Chakramon, seorang bekas pengerusi Small and Medium Enterprise Development Bank of Thailand, hanya tersenyum apabila diminta menjelaskan perkara ini.
“Kami akan buat pengumuman di masa hadapan,” katanya.
Ahli Kumpulan Penasihat Ekonomi kepada pejabat Perdana Menteri, beliau berkata, bank itu bercadang untuk menembusi Indo-China, bermula dengan Vietnam.
“BankThai, ditubuhkan pada 1998, pernah mempunyai cawangan di Vietnam dan Kemboja. Tetapi kali ini, kita mesti merancang dengan berhati-hati dan tidak mengulang kesilapan lalu,” katanya tanpa menerangkan lebih lanjut.
Chakramon yang merupakan lulusan Sarjana Pengajian Ekonomi dari California State University, berkata, CIMB Thai kini menyediakan perancangan korporat lima tahun sejajar dengan harapan dan hala tuju CIMB Group.
“Tiga keutamaan ini akan menyediakan asas yang kukuh bagi CIMB Thai dan bersama-sama dengan dua penyenaraian itu, bank dijangka mencatatkan keuntungan yang lebih baik tahun ini.
Dilaporkan CIMB Group bercadang membuat penawaran awam awal (IPO) sehingga 35 juta untuk sahamnya bagi rancangan penyenaraian berkembarnya dalam Bursa Saham Thailand (SET).
Penyenaraian itu dijangka selesai pada separuh pertama tahun ini, bergantung kepada kelulusan pemegang saham CIMB Group dan pihak berkuasa Thailand dan Malaysia.
Berdasarkan pemodalan pasaran CIMB Group iaitu ASS$13.7 bilion (RM46.99 bilion) setakat 13 November tahun lepas, syarikat itu akan menjadi antara tiga kumpulan terbesar dalam SET.
CIMB Thai mencatatkan keuntungan bersih iaitu 1.66 juta baht (RM170,00) bagi 2009 dan akan kekal tersenarai dalam SET berikutan penyenaraian berkembar itu. – BERNAMA
Dagangan Bursa Malaysia lemah
KUALA LUMPUR 18 Feb - Harga saham di Bursa Malaysia mencatatkan paras penutupan yang lebih rendah hari ini apabila pelabur mengambil untung di kaunter-kaunter berwajaran tinggi berikutan kenaikan harga minyak mentah, kata peniaga.
Pada akhir sesi dagangan petang, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) susut 0.07 mata kepada 1,259.0, diseret turun oleh kejatuhan yang diterajui Genting.
Bagaimanapun, kenaikan saham Tenaga berupaya mengehadkan sebahagian daripada kejatuhan itu, kata mereka. FBM KLCI, yang dibuka 2.39 mata lebih tinggi pada 1,261.46 pagi tadi, bergerak di antara 1,258.25 dengan 1,262.2 sepanjang sesi dagangan.
Indeks Kewangan mengukuh 8.47 mata kepada 11,004.71, Indeks Perusahaan menambah 0.94 mata kepada 2,604.23 dan Indeks Perladangan meningkat 2.64 mata kepada 6,280.06.
Indeks FBM Emas turun 6.03 mata kepada 8,480.1 dan Indeks FBM70 merosot 10.351 mata kepada 8,331.35 manakala Indeks FBM Ace naik 7.99 mata kepada 4,378.4.
Saham rugi mengatasi saham untung dengan jumlah 410 berbanding 232 manakala 238 kaunter tidak berubah, 473 tidak diniagakan dan 51 yang lain digantung urus niaga.
Jumlah dagangan bertambah kepada 598.452 juta saham bernilai RM998.257 juta berbanding 544.99 juta saham bernilai RM1.018 bilion semalam.
Dalam nota penyelidikannya, MIMB Investment Bank berkata FBM KLCI mengalami lantunan pembetulan dalam jangka pendek.
Jumlah dagangan dalam Pasaran Utama meningkat kepada 488.791 juta unit bernilai RM971.34 juta daripada 445.876 juta saham bernilai RM991.116 juta pada penutupan semalam.Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 75.383 juta saham bernilai RM20.283 juta daripada 64.626 juta unit bernilai RM17.925 juta sebelumnya.
Waran juga bertambah kepada 30.3 juta saham bernilai RM4.077 juta daripada 28.808 juta saham bernilai RM5.431 juta semalam.Antara saham cergas, Malaysian Airline System-Ord Rights susut dua sen kepada 12 sen, Frontken Corp Bhd-Ord Rights turun sesen kepada tujuh sen dan KNM Group setengah sen lebih rendah pada 81 sen.
Barangan pengguna menguasai 31.514 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 111.152 juta, pembinaan 23.148 juta, perdagangan dan perkhidmatan 191.419 juta, teknologi 27.669 juta, prasarana 7.345 juta, kewangan 39.965 juta, hotel 7.466 juta, harta 32.244 juta, perladangan 16.24 juta, perlombongan tiada, REIT 610,800 dan dana tertutup 18,500. - Bernama
Pada akhir sesi dagangan petang, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) susut 0.07 mata kepada 1,259.0, diseret turun oleh kejatuhan yang diterajui Genting.
Bagaimanapun, kenaikan saham Tenaga berupaya mengehadkan sebahagian daripada kejatuhan itu, kata mereka. FBM KLCI, yang dibuka 2.39 mata lebih tinggi pada 1,261.46 pagi tadi, bergerak di antara 1,258.25 dengan 1,262.2 sepanjang sesi dagangan.
Indeks Kewangan mengukuh 8.47 mata kepada 11,004.71, Indeks Perusahaan menambah 0.94 mata kepada 2,604.23 dan Indeks Perladangan meningkat 2.64 mata kepada 6,280.06.
Indeks FBM Emas turun 6.03 mata kepada 8,480.1 dan Indeks FBM70 merosot 10.351 mata kepada 8,331.35 manakala Indeks FBM Ace naik 7.99 mata kepada 4,378.4.
Saham rugi mengatasi saham untung dengan jumlah 410 berbanding 232 manakala 238 kaunter tidak berubah, 473 tidak diniagakan dan 51 yang lain digantung urus niaga.
Jumlah dagangan bertambah kepada 598.452 juta saham bernilai RM998.257 juta berbanding 544.99 juta saham bernilai RM1.018 bilion semalam.
Dalam nota penyelidikannya, MIMB Investment Bank berkata FBM KLCI mengalami lantunan pembetulan dalam jangka pendek.
Jumlah dagangan dalam Pasaran Utama meningkat kepada 488.791 juta unit bernilai RM971.34 juta daripada 445.876 juta saham bernilai RM991.116 juta pada penutupan semalam.Pasaran Ace mencatatkan peningkatan jumlah dagangan kepada 75.383 juta saham bernilai RM20.283 juta daripada 64.626 juta unit bernilai RM17.925 juta sebelumnya.
Waran juga bertambah kepada 30.3 juta saham bernilai RM4.077 juta daripada 28.808 juta saham bernilai RM5.431 juta semalam.Antara saham cergas, Malaysian Airline System-Ord Rights susut dua sen kepada 12 sen, Frontken Corp Bhd-Ord Rights turun sesen kepada tujuh sen dan KNM Group setengah sen lebih rendah pada 81 sen.
Barangan pengguna menguasai 31.514 juta saham yang diniagakan dalam Pasaran Utama, barangan perusahaan 111.152 juta, pembinaan 23.148 juta, perdagangan dan perkhidmatan 191.419 juta, teknologi 27.669 juta, prasarana 7.345 juta, kewangan 39.965 juta, hotel 7.466 juta, harta 32.244 juta, perladangan 16.24 juta, perlombongan tiada, REIT 610,800 dan dana tertutup 18,500. - Bernama
KUALA LUMPUR: OSK Research said the FBM KLCI is heading towards the 50-day MAV line and the 100-day MAV line, which are the two crucial levels for the market.
Whether the market can reposition itself back above the 100-day MAV line, especially the 50-day MAV line, will have a major impact on the market’s nearer term outlook.
In its technical outlook on Friday, Feb 19, it said that after the 50-day MAV line was violated in January, it would not expect the key index to bounce back above this level anytime soon.
"It was the first and most critical breakdown experienced by the market since the rally started in March last year. Normally, when such a major breakdown occurs, it would eventually lead to a major shift in trend.
OSK Research said however, on its first trading day on Wednesday after the long holiday break, the FBM KLCI surprisingly broke above the short-term downtrend line and even once surpassed the 100-day MAV line during the session.
This breakout caught the research house completely off-guard. Nevertheless, it still thinks it is too early to change its view towards the nearer term outlook although the key index has taken out the short-term downtrend.
"We are still worried that the breakdown from the longer term trend lines, namely the 50-day MAV line and the 100-day MAV line, may signal a major trend shift. In the meantime, we maintain our bearish view towards the near-term outlook," it said.
OSK Research said the immediate resistance is still seen at the 100-day MAV line, which now lies at the 1,260-level, followed by the 50-day MAV line, which is currently at the 1,272-level. To the downside, an immediate support lies at the recent-low of 1,224.
Whether the market can reposition itself back above the 100-day MAV line, especially the 50-day MAV line, will have a major impact on the market’s nearer term outlook.
In its technical outlook on Friday, Feb 19, it said that after the 50-day MAV line was violated in January, it would not expect the key index to bounce back above this level anytime soon.
"It was the first and most critical breakdown experienced by the market since the rally started in March last year. Normally, when such a major breakdown occurs, it would eventually lead to a major shift in trend.
OSK Research said however, on its first trading day on Wednesday after the long holiday break, the FBM KLCI surprisingly broke above the short-term downtrend line and even once surpassed the 100-day MAV line during the session.
This breakout caught the research house completely off-guard. Nevertheless, it still thinks it is too early to change its view towards the nearer term outlook although the key index has taken out the short-term downtrend.
"We are still worried that the breakdown from the longer term trend lines, namely the 50-day MAV line and the 100-day MAV line, may signal a major trend shift. In the meantime, we maintain our bearish view towards the near-term outlook," it said.
OSK Research said the immediate resistance is still seen at the 100-day MAV line, which now lies at the 1,260-level, followed by the 50-day MAV line, which is currently at the 1,272-level. To the downside, an immediate support lies at the recent-low of 1,224.
February 18, 2010
European debt contagion unlikely to have big impact on Asia: CIMB
THE growing sovereign debt risks in Europe may provide some headwind to economies like Malaysia in consolidating their fiscal deficit, but economists do not think that it will be severe.
CIMB Investment Bank (1023), in a recent report, says fears of a sovereign debt contagion spreading to Asia are "buffered by strong economic and financial fundamentals".
Public debts to gross domestic product (GDP) for Malaysia, Thailand and Indonesia are manageable and their budget deficits are projected to narrow in the medium term.
The market is hopeful of a credible fiscal consolidation plan out of the European Union (EU) to help boost investor confidence and strengthen currencies and to avert any debt crisis arising from the swollen budget deficits of Greece, Portugal, Ireland, Spain and Portugal.
In the case of Greece, its government debt to GDP ratio is 124.9 per cent, while its budget deficit is 12.7 per cent of GDP, which is considered to be more than the limit allowed by the 16-nation euro bloc.
There are mounting pressures on Greece to have additional measures in place by mid-March, after a meeting of EU finance ministers.
Inter-Pacific Research head of research Anthony Dass said rising government debt in the eurozone's advanced economies could lead to a sovereign debt crisis in 2010.
"The new sovereign debt risk may force policymakers to withdraw from their stimulus measures earlier than expected."
To avert this risk, it is vital for the falling output as opposed to contraction in stimulus spending which appears to be the root cause of widening deficits to revive.
He said the most vulnerable Euro members will have to address the crisis without the option of devaluing their currency or exercising an independent monetary policy as they would benefit from the relative stable euro region.
The euro shrank to a nine-month low last week on the back of the debt crisis.
"We believe the impact on the ringgit is limited. The reason being we expect euro will provide the necessary assistance to stabilise the scenario," he said.
The ringgit declined against the euro to RM4.6628/6676 yesterday from last Friday's close of RM4.6546/6594.
Anthony said however, the risk of contagion may start to rise and hurt, to some extent those economies sitting on huge fiscal deficits.
For instance, Malaysia's fiscal deficit in 2009 was 7.4 per cent of GDP and is projected to ease to 5.5 per cent of GDP in 2010. As such, it could experience some level of headwind, "but the adverse impact may not be severe".
CIMB chief economist Lee Heng Guie however felt that although Asia's credit default swap spreads (CDs) have risen in the wake of the Greece's problems, it would be temporary.
"Given Asia's well-managed financial prudence as well as sound macroeconomic management, we do not expect international rating agencies to flash their concerns on potential sovereign debt risk in the region," he said in a report.
Malaysia's budget deficit is also largely funded from domestic liquidity given the high national savings of 32.5 per cent of GDP in 2009, added Lee.
CIMB Investment Bank (1023), in a recent report, says fears of a sovereign debt contagion spreading to Asia are "buffered by strong economic and financial fundamentals".
Public debts to gross domestic product (GDP) for Malaysia, Thailand and Indonesia are manageable and their budget deficits are projected to narrow in the medium term.
The market is hopeful of a credible fiscal consolidation plan out of the European Union (EU) to help boost investor confidence and strengthen currencies and to avert any debt crisis arising from the swollen budget deficits of Greece, Portugal, Ireland, Spain and Portugal.
In the case of Greece, its government debt to GDP ratio is 124.9 per cent, while its budget deficit is 12.7 per cent of GDP, which is considered to be more than the limit allowed by the 16-nation euro bloc.
There are mounting pressures on Greece to have additional measures in place by mid-March, after a meeting of EU finance ministers.
Inter-Pacific Research head of research Anthony Dass said rising government debt in the eurozone's advanced economies could lead to a sovereign debt crisis in 2010.
"The new sovereign debt risk may force policymakers to withdraw from their stimulus measures earlier than expected."
To avert this risk, it is vital for the falling output as opposed to contraction in stimulus spending which appears to be the root cause of widening deficits to revive.
He said the most vulnerable Euro members will have to address the crisis without the option of devaluing their currency or exercising an independent monetary policy as they would benefit from the relative stable euro region.
The euro shrank to a nine-month low last week on the back of the debt crisis.
"We believe the impact on the ringgit is limited. The reason being we expect euro will provide the necessary assistance to stabilise the scenario," he said.
The ringgit declined against the euro to RM4.6628/6676 yesterday from last Friday's close of RM4.6546/6594.
Anthony said however, the risk of contagion may start to rise and hurt, to some extent those economies sitting on huge fiscal deficits.
For instance, Malaysia's fiscal deficit in 2009 was 7.4 per cent of GDP and is projected to ease to 5.5 per cent of GDP in 2010. As such, it could experience some level of headwind, "but the adverse impact may not be severe".
CIMB chief economist Lee Heng Guie however felt that although Asia's credit default swap spreads (CDs) have risen in the wake of the Greece's problems, it would be temporary.
"Given Asia's well-managed financial prudence as well as sound macroeconomic management, we do not expect international rating agencies to flash their concerns on potential sovereign debt risk in the region," he said in a report.
Malaysia's budget deficit is also largely funded from domestic liquidity given the high national savings of 32.5 per cent of GDP in 2009, added Lee.
Harga saham kekal kukuh
HARGA saham di Bursa Malaysia kekal kukuh ketika ditutup semalam dengan keuntungan kebanyakan dilihat pada kaunter berkaitan perladangan, kata peniaga.
Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) ditutup 5.68 mata atau 0.453 peratus lebih tinggi pada 1,259.07, dirangsang kenaikan didahului IOI Corporation dan Sime Darby.
FBM KLCI, yang meningkat 3.05 mata ketika dibuka pada 1,256.44 pagi semalam, bergerak antara 1,256.36 hingga 1,264.44 sepanjang hari urus niaga.
Terdapat beberapa belian sederhana untuk saham kewangan, sekali gus menolak Indeks Kewangan untuk menokok 50.2 mata kepada 10,996.24.
Bagi indeks perusahaan, ia meningkat 15.22 mata kepada 2,603.29 sementara Indeks Perladangan melonjak 72.92 mata kepada 6,277.42.
Indeks FBM Emas pula menambah 49.8 mata kepada 8,486.13, Indeks FBM70 mengembang 60.19 mata kepada 8,341.7 dan Indeks FBM Ace lebih tinggi 41.44 mata kepada 4,370.41.
Saham untung mengatasi rugi dengan 407 berbanding 204 sementara 208 kaunter tidak berubah, 510 tidak diniagakan dan 28 yang lain digantung urus niaga.
Urus niaga agak sederhana dengan jumlah dagangan berkurangan kepada 544.99 juta saham bernilai RM1.018 bilion berbanding Jumaat lalu iaitu 560.587 juta saham bernilai RM811.432 juta.
Jumlah dagangan di Pasaran Utama pula turun kepada 445.876 juta saham bernilai RM991.116 juta daripada 487.869 juta unit bernilai RM790.923 juta sebelumnya.
Jumlah dagangan di Pasaran Ace pula menokok kepada 64.626 juta unit bernilai RM17.925 juta daripada 37.02 juta unit bernilai RM8.206 juta Jumaat lalu.
Waran menambah kepada 28.808 juta saham bernilai RM5.431 juta berbanding 22.589 juta unit bernilai RM3.254 juta sebelumnya.
Kaunter berkaitan perladangan, IOI Corporation naik 10 sen kepada RM5.32, PPB Group naik 26 sen kepada RM16.26 dan Kuala Lumpur Kepong melonjak 18 sen kepada RM16.56.
Di kalangan saham aktif, Malaysian Airline System-Ord menambah setengah sen kepada 14 sen, Integrated Rubber Corporation lebih tinggi dua sen kepada RM1.18 sementara Axiata Group meningkat empat sen kepada RM3.45.
Saham berwajaran tinggi, Sime Darby naik 10 sen kepada RM8.50, Maybank dan Maxis, masing-masing lega satu sen kepada RM6.89 dan RM5.38, CIMB Group menokok 14 sen kepada RM12.56 dan Tenaga kerugian 12 sen kepada RM7.85.
Produk pengguna menguasai 20.038 juta saham yang diniagakan di Pasaran Utama, produk perindustrian 116.773 juta, pembinaan 22.194 juta, urus niaga dan perkhidmatan 154.342 juta, teknologi 22.459 juta, infrastruktur 7.449 juta, kewangan 45.611 juta, perhotelan 1.582 juta, hartanah 39.779 juta, perladangan 15.047 juta, perlombongan sifar, REIT 582,4000 dan dana tertutup 19,700. - Bernama
Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) ditutup 5.68 mata atau 0.453 peratus lebih tinggi pada 1,259.07, dirangsang kenaikan didahului IOI Corporation dan Sime Darby.
FBM KLCI, yang meningkat 3.05 mata ketika dibuka pada 1,256.44 pagi semalam, bergerak antara 1,256.36 hingga 1,264.44 sepanjang hari urus niaga.
Terdapat beberapa belian sederhana untuk saham kewangan, sekali gus menolak Indeks Kewangan untuk menokok 50.2 mata kepada 10,996.24.
Bagi indeks perusahaan, ia meningkat 15.22 mata kepada 2,603.29 sementara Indeks Perladangan melonjak 72.92 mata kepada 6,277.42.
Indeks FBM Emas pula menambah 49.8 mata kepada 8,486.13, Indeks FBM70 mengembang 60.19 mata kepada 8,341.7 dan Indeks FBM Ace lebih tinggi 41.44 mata kepada 4,370.41.
Saham untung mengatasi rugi dengan 407 berbanding 204 sementara 208 kaunter tidak berubah, 510 tidak diniagakan dan 28 yang lain digantung urus niaga.
Urus niaga agak sederhana dengan jumlah dagangan berkurangan kepada 544.99 juta saham bernilai RM1.018 bilion berbanding Jumaat lalu iaitu 560.587 juta saham bernilai RM811.432 juta.
Jumlah dagangan di Pasaran Utama pula turun kepada 445.876 juta saham bernilai RM991.116 juta daripada 487.869 juta unit bernilai RM790.923 juta sebelumnya.
Jumlah dagangan di Pasaran Ace pula menokok kepada 64.626 juta unit bernilai RM17.925 juta daripada 37.02 juta unit bernilai RM8.206 juta Jumaat lalu.
Waran menambah kepada 28.808 juta saham bernilai RM5.431 juta berbanding 22.589 juta unit bernilai RM3.254 juta sebelumnya.
Kaunter berkaitan perladangan, IOI Corporation naik 10 sen kepada RM5.32, PPB Group naik 26 sen kepada RM16.26 dan Kuala Lumpur Kepong melonjak 18 sen kepada RM16.56.
Di kalangan saham aktif, Malaysian Airline System-Ord menambah setengah sen kepada 14 sen, Integrated Rubber Corporation lebih tinggi dua sen kepada RM1.18 sementara Axiata Group meningkat empat sen kepada RM3.45.
Saham berwajaran tinggi, Sime Darby naik 10 sen kepada RM8.50, Maybank dan Maxis, masing-masing lega satu sen kepada RM6.89 dan RM5.38, CIMB Group menokok 14 sen kepada RM12.56 dan Tenaga kerugian 12 sen kepada RM7.85.
Produk pengguna menguasai 20.038 juta saham yang diniagakan di Pasaran Utama, produk perindustrian 116.773 juta, pembinaan 22.194 juta, urus niaga dan perkhidmatan 154.342 juta, teknologi 22.459 juta, infrastruktur 7.449 juta, kewangan 45.611 juta, perhotelan 1.582 juta, hartanah 39.779 juta, perladangan 15.047 juta, perlombongan sifar, REIT 582,4000 dan dana tertutup 19,700. - Bernama
Dagangan Bursa Malaysia kukuh
KUALA LUMPUR 17 Feb - Harga-harga saham di Bursa Malaysia kekal kukuh ketika ditutup hari ini dengan keuntungan kebanyakan dilihat pada kaunter berkaitan perladangan, kata para peniaga.
Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) ditutup 5.68 mata atau 0.453 peratus lebih tinggi pada 1,259.07, dirangsang oleh kenaikan yang didahului oleh IOI Corporation dan Sime Darby.FBM KLCI, yang meningkat 3.05 mata ketika dibuka pada 1,256.44 pagi ini, bergerak antara 1,256.36 dan 1,264.44 sepanjang hari urus niaga hari ini.
Terdapat beberapa belian sederhana untuk saham kewangan yang sekali gus menolak Indeks Kewangan untuk menokok 50.2 mata kepada 10,996.24.Untuk indeks perusahaan, ia meningkat 15.22 mata kepada 2,603.29 sementara Indeks Perladangan melonjak 72.92 mata kepada 6,277.42.
Indeks FBM Emas pula menambah 49.8 mata kepada 8,486.13, Indeks FBM70 mengembang 60.19 mata kepada 8,341.7 dan Indeks FBM Ace lebih tinggi 41.44 mata kepada 4,370.41.
Saham-saham untung mengatasi saham rugi dengan 407 berbalas 204 sementara 208 kaunter tidak berubah, 510 tidak diniagakan dan 28 yang lain digantung urus niaga.
Urus niaga agak sederhana hari ini dengan jumlah dagangan berkurangan kepada 544.99 juta saham bernilai RM1.018 bilion berbanding Jumaat lepas iaitu 560.587 juta saham bernilai RM811.432 juta. Jumlah dagangan di Pasaran Utama pula turun kepada 445.876 juta saham bernilai RM991.116 juta daripada 487.869 juta unit bernilai RM790.923 juta sebelumnya.
Jumlah dagangan di Pasaran Ace pula menokok kepada 64.626 juta unit bernilai RM17.925 juta daripada 37.02 juta unit bernilai RM8.206 juta Jumaat lepas.
Waran menambah kepada 28.808 juta saham bernilai RM5.431 juta berbanding 22.589 juta unit bernilai RM3.254 juta sebelumnya.
Di kalangan saham aktif, Malaysian Airline System-Ord menambah setengah sen kepada 14 sen, Integrated Rubber Corporation lebih tinggi dua sen kepada RM1.18 sementara Axiata Group meningkat empat sen kepada RM3.45.
Produk pengguna menguasai 20.038 juta saham yang diniagakan di Pasaran Utama, produk perindustrian 116.773 juta, pembinaan 22.194 juta, urus niaga dan perkhidmatan 154.342 juta, teknologi 22.459 juta, infrastruktur 7.449 juta, kewangan 45.611 juta, perhotelan 1.582 juta, hartanah 39.779 juta, perladangan 15.047 juta, perlombongan sifar, REIT 582,4000 dan dana tertutup 19,700.
Indeks Komposit FTSE Bursa Malaysia Kuala Lumpur (FBM KLCI) ditutup 5.68 mata atau 0.453 peratus lebih tinggi pada 1,259.07, dirangsang oleh kenaikan yang didahului oleh IOI Corporation dan Sime Darby.FBM KLCI, yang meningkat 3.05 mata ketika dibuka pada 1,256.44 pagi ini, bergerak antara 1,256.36 dan 1,264.44 sepanjang hari urus niaga hari ini.
Terdapat beberapa belian sederhana untuk saham kewangan yang sekali gus menolak Indeks Kewangan untuk menokok 50.2 mata kepada 10,996.24.Untuk indeks perusahaan, ia meningkat 15.22 mata kepada 2,603.29 sementara Indeks Perladangan melonjak 72.92 mata kepada 6,277.42.
Indeks FBM Emas pula menambah 49.8 mata kepada 8,486.13, Indeks FBM70 mengembang 60.19 mata kepada 8,341.7 dan Indeks FBM Ace lebih tinggi 41.44 mata kepada 4,370.41.
Saham-saham untung mengatasi saham rugi dengan 407 berbalas 204 sementara 208 kaunter tidak berubah, 510 tidak diniagakan dan 28 yang lain digantung urus niaga.
Urus niaga agak sederhana hari ini dengan jumlah dagangan berkurangan kepada 544.99 juta saham bernilai RM1.018 bilion berbanding Jumaat lepas iaitu 560.587 juta saham bernilai RM811.432 juta. Jumlah dagangan di Pasaran Utama pula turun kepada 445.876 juta saham bernilai RM991.116 juta daripada 487.869 juta unit bernilai RM790.923 juta sebelumnya.
Jumlah dagangan di Pasaran Ace pula menokok kepada 64.626 juta unit bernilai RM17.925 juta daripada 37.02 juta unit bernilai RM8.206 juta Jumaat lepas.
Waran menambah kepada 28.808 juta saham bernilai RM5.431 juta berbanding 22.589 juta unit bernilai RM3.254 juta sebelumnya.
Di kalangan saham aktif, Malaysian Airline System-Ord menambah setengah sen kepada 14 sen, Integrated Rubber Corporation lebih tinggi dua sen kepada RM1.18 sementara Axiata Group meningkat empat sen kepada RM3.45.
Produk pengguna menguasai 20.038 juta saham yang diniagakan di Pasaran Utama, produk perindustrian 116.773 juta, pembinaan 22.194 juta, urus niaga dan perkhidmatan 154.342 juta, teknologi 22.459 juta, infrastruktur 7.449 juta, kewangan 45.611 juta, perhotelan 1.582 juta, hartanah 39.779 juta, perladangan 15.047 juta, perlombongan sifar, REIT 582,4000 dan dana tertutup 19,700.
CIMB Research: El Nino boost for CPO price
KUALA LUMPUR: CIMB Equities Research is maintaining a Trading Buy on Malaysian PLANTATION [] sector.
It said on Thursday, Feb 18 that Malaysia’s palm oil stocks at end-Jan undershot its estimates due to stronger exports and weaker production.
Another 2% month-on-month drop to 1.96 million tonnes can be expected for the low production month of February.
CIMB Equities Research said abnormally low rainfall in Sabah and Johor, possibly due to El Nino, could impact palm oil yields in the second half of the year, leading to lower palm oil supplies.
"Both developments are positive for CPO price. We are maintaining our CPO price forecasts of RM2,380 for 2010 and RM2,450 for 2011," it said.
CIMB Equities Research said it continued to rate the Malaysian plantation sector a TRADING BUY as it has lagged behind regional plantation plays and prospects for CPO price remain favourable.
"Within the Malaysian plantation space, we continue to prefer planters with higher exposure to East Malaysian estates and attractive valuations, i.e. Sime Darby, Genting Plantations and Hap Seng Plantations," it added.
Its other picks in the region remain Golden Agri, Indofood Agri, Wilmar, Astra Agro, London Sumatra and Sampoerna Agro. The main potential re-rating catalysts for the sector are (1) a CPO price rally in 1Q10, (2) better earnings in the upcoming results season, and (3) potential M&As.
It said on Thursday, Feb 18 that Malaysia’s palm oil stocks at end-Jan undershot its estimates due to stronger exports and weaker production.
Another 2% month-on-month drop to 1.96 million tonnes can be expected for the low production month of February.
CIMB Equities Research said abnormally low rainfall in Sabah and Johor, possibly due to El Nino, could impact palm oil yields in the second half of the year, leading to lower palm oil supplies.
"Both developments are positive for CPO price. We are maintaining our CPO price forecasts of RM2,380 for 2010 and RM2,450 for 2011," it said.
CIMB Equities Research said it continued to rate the Malaysian plantation sector a TRADING BUY as it has lagged behind regional plantation plays and prospects for CPO price remain favourable.
"Within the Malaysian plantation space, we continue to prefer planters with higher exposure to East Malaysian estates and attractive valuations, i.e. Sime Darby, Genting Plantations and Hap Seng Plantations," it added.
Its other picks in the region remain Golden Agri, Indofood Agri, Wilmar, Astra Agro, London Sumatra and Sampoerna Agro. The main potential re-rating catalysts for the sector are (1) a CPO price rally in 1Q10, (2) better earnings in the upcoming results season, and (3) potential M&As.
OSK Research sees upside for Petronas Gas
Written by OSK Research
Thursday, 18 February 2010 08:46
KUALA LUMPUR: OSK Research believes Petronas Gas’ upcoming revision of gas processing and transmission agreement (GPTA) terms on April 1, 2010 may actually be positive for the company but in any case, it will not be worse than NPV-neutral.
It said on Thursday, Feb 18 that with capex looking to rise over the next five years and Petronas looking at enhancing efficiency in gas usage, it believes Petronas Gas will enjoy better revenue if it continues to improve its services.
"We raise our DCF-based fair value to RM10.77 and upgrade the stock to a Buy (at RM9.78) as Petronas Gas is the ideal candidate for a large cap defensive stock in an increasingly volatile market," it said.
Thursday, 18 February 2010 08:46
KUALA LUMPUR: OSK Research believes Petronas Gas’ upcoming revision of gas processing and transmission agreement (GPTA) terms on April 1, 2010 may actually be positive for the company but in any case, it will not be worse than NPV-neutral.
It said on Thursday, Feb 18 that with capex looking to rise over the next five years and Petronas looking at enhancing efficiency in gas usage, it believes Petronas Gas will enjoy better revenue if it continues to improve its services.
"We raise our DCF-based fair value to RM10.77 and upgrade the stock to a Buy (at RM9.78) as Petronas Gas is the ideal candidate for a large cap defensive stock in an increasingly volatile market," it said.
OSK Research: FBM KLCI downtrend surprisingly violated
KUALA LUMPUR: OSK Research says the FBM KLCI has violated the short-term line which was constructed very recently.
In its technical outlook on Thursday, Feb 18 it said the breakout from the downtrend line was incredible as it happened very soon after the FBM KLCI experienced two major technical breakdowns from the 50-day MAV line and the 100-day MAV line recently.
OSK Research said the breakdown from the 50-day MAV line was the most critical technical breakdown by the key index since the massive rally started in March last year. Moreover, the breakdown from the 100-day MAV line was supposedly a major trend changing signal.
However, it said that after two days of national holidays, the market re-opened yesterday with an incredible breakout from the downtrend line.
Yesterday, the key index even surpassed the 100-day MAV line but still finished the day below this line.
"We think it is too early to change our view towards the nearer-term outlook despite the key index
having taken out the short-term downtrend. We are still worried that the breakdown from the
longer term trend lines, namely the 50-day MAV line and the 100-day MAV line, signal a major
shift in trend. Meanwhile, we maintain our bearish view towards the near-term outlook.
OSK Research said the immediate resistance is still seen at the 100-day MAV line, which now lies at the 1,260-level, followed by the 50-day MAV line, which is currently trading at the 1,275-level. To the downside an immediate support lies at the recent-low of 1,224.
In its technical outlook on Thursday, Feb 18 it said the breakout from the downtrend line was incredible as it happened very soon after the FBM KLCI experienced two major technical breakdowns from the 50-day MAV line and the 100-day MAV line recently.
OSK Research said the breakdown from the 50-day MAV line was the most critical technical breakdown by the key index since the massive rally started in March last year. Moreover, the breakdown from the 100-day MAV line was supposedly a major trend changing signal.
However, it said that after two days of national holidays, the market re-opened yesterday with an incredible breakout from the downtrend line.
Yesterday, the key index even surpassed the 100-day MAV line but still finished the day below this line.
"We think it is too early to change our view towards the nearer-term outlook despite the key index
having taken out the short-term downtrend. We are still worried that the breakdown from the
longer term trend lines, namely the 50-day MAV line and the 100-day MAV line, signal a major
shift in trend. Meanwhile, we maintain our bearish view towards the near-term outlook.
OSK Research said the immediate resistance is still seen at the 100-day MAV line, which now lies at the 1,260-level, followed by the 50-day MAV line, which is currently trading at the 1,275-level. To the downside an immediate support lies at the recent-low of 1,224.
XL Axiata eyes No 2 slot, dividend payout
JAKARTA: Indonesia's XL Axiata said today it expects to overtake rival Indosat this year as the No 2 mobile phone operator in Southeast Asia's biggest economy, driven by strong subscriber and revenue growth.
XL Axiata's president director Hasnul Suhaimi also told Reuters in an interview that dividend payments were likely to resume this year, following a return to profit in 2009, while any decision on increasing the free float was up to the shareholders.
Malaysia's Axiata Group Bhd owns 86.5% of XL Axiata, and Emirates Telecommunications Corp (Etisalat) owns 13.3%, leaving the public holding just 0.2%.
Such a tiny free float makes it hard for fund managers and retail investors to buy the stock. Now a turnaround in the firm's performance has generated more interest from the financial community at a time when political stability and strong economic growth have put Indonesia back on investors' radars.
"Most probably we will pay a dividend" for the 2009 financial year, subject to shareholder approval, Suhaimi said, adding that after making a profit in 2007, XL Axiata had paid out 20% of its normalised income in dividends.
Normalised income in 2009 was about half of net income — or roughly 850 billion rupiah (RM310 million). That would put a 20% dividend payout at about US$18 million (RM61.02 million).
As for selling shares in order to increase the free float, Suhaimi said that two years ago the Indonesia Stock Exchange had asked XL Axiata, which has a market capitalisation of US$2.55 billion, to lift its free float to 20%-25%.
"When, how, and how much is up to the shareholders," he said.
Nick Cashmore, CLSA's Indonesia country head, said investors had "waited for ages" for such a move and could lose patience.
Analysts say improved liquidity would be positive for the stock, which currently trades at a forward 2010 price-earnings ratio of 17.4 times, compared with 13.1 times for the index and 18.4 times for Indosat.
XL Axiata shares, up 45% so far this year, have outperformed the broader index, up just 1%.
This month, XL Axiata reported a better-than-expected net profit of 1.7 trillion rupiah on revenue of 13.88 trillion rupiah, after a loss of 15 billion rupiah in 2008, driven by a 20% surge in its total subscriber base to 31.4 million.
Now, Suhaimi said, the firm is targetting 34-35 million subscribers by the end of 2010.
That could put it ahead of Indosat, the number two player which currently has about 33 million subscribers, according to an analyst. PT Telekomunikasi Selular, or Telkomsel, which is controlled by PT Telekomunikasi Indonesia, is the market leader with 83 million subscribers.
Suhaimi, who spent most of his career at Indosat and was president director there before he moved to XL Axiata in late 2006, has promised US$1,000 incentives to staff to knock Indosat from its number two position.
But he said he pays closer attention to the cellular revenue and is within reach of matching Indosat on that measure.
When Suhaimi joined XL Axiata, he decided to slash prices as much as 90%, hoping to encourage subscribers to talk more on the phone. Traffic rose eight times within a couple of months, but the move sparked a vicious price war which is only just showing signs of ending.
"Now we are penetrating the lower end of the market. It's so cheap you get one (phone) for the children, buy one for your driver. But we can't drop the price more," he said, adding that the firm now uses voice, text messages and Internet packages, and bundling with low-price BlackBerry lookalikes to lure customers.
"Now the growth has to come from data and content," he said, adding "we expect to grow (revenue) faster than the industry average of 10%-12%."
He declined to give a forecast for net profit.
Last year, leases from XL Axiata's telephone towers netted about 600 billion rupiah, he said, from smaller telecoms players including Bakrie Telecom. Suhaimi said he expects revenue from that area to grow about 20% a year. — Reuters
XL Axiata's president director Hasnul Suhaimi also told Reuters in an interview that dividend payments were likely to resume this year, following a return to profit in 2009, while any decision on increasing the free float was up to the shareholders.
Malaysia's Axiata Group Bhd owns 86.5% of XL Axiata, and Emirates Telecommunications Corp (Etisalat) owns 13.3%, leaving the public holding just 0.2%.
Such a tiny free float makes it hard for fund managers and retail investors to buy the stock. Now a turnaround in the firm's performance has generated more interest from the financial community at a time when political stability and strong economic growth have put Indonesia back on investors' radars.
"Most probably we will pay a dividend" for the 2009 financial year, subject to shareholder approval, Suhaimi said, adding that after making a profit in 2007, XL Axiata had paid out 20% of its normalised income in dividends.
Normalised income in 2009 was about half of net income — or roughly 850 billion rupiah (RM310 million). That would put a 20% dividend payout at about US$18 million (RM61.02 million).
As for selling shares in order to increase the free float, Suhaimi said that two years ago the Indonesia Stock Exchange had asked XL Axiata, which has a market capitalisation of US$2.55 billion, to lift its free float to 20%-25%.
"When, how, and how much is up to the shareholders," he said.
Nick Cashmore, CLSA's Indonesia country head, said investors had "waited for ages" for such a move and could lose patience.
Analysts say improved liquidity would be positive for the stock, which currently trades at a forward 2010 price-earnings ratio of 17.4 times, compared with 13.1 times for the index and 18.4 times for Indosat.
XL Axiata shares, up 45% so far this year, have outperformed the broader index, up just 1%.
This month, XL Axiata reported a better-than-expected net profit of 1.7 trillion rupiah on revenue of 13.88 trillion rupiah, after a loss of 15 billion rupiah in 2008, driven by a 20% surge in its total subscriber base to 31.4 million.
Now, Suhaimi said, the firm is targetting 34-35 million subscribers by the end of 2010.
That could put it ahead of Indosat, the number two player which currently has about 33 million subscribers, according to an analyst. PT Telekomunikasi Selular, or Telkomsel, which is controlled by PT Telekomunikasi Indonesia, is the market leader with 83 million subscribers.
Suhaimi, who spent most of his career at Indosat and was president director there before he moved to XL Axiata in late 2006, has promised US$1,000 incentives to staff to knock Indosat from its number two position.
But he said he pays closer attention to the cellular revenue and is within reach of matching Indosat on that measure.
When Suhaimi joined XL Axiata, he decided to slash prices as much as 90%, hoping to encourage subscribers to talk more on the phone. Traffic rose eight times within a couple of months, but the move sparked a vicious price war which is only just showing signs of ending.
"Now we are penetrating the lower end of the market. It's so cheap you get one (phone) for the children, buy one for your driver. But we can't drop the price more," he said, adding that the firm now uses voice, text messages and Internet packages, and bundling with low-price BlackBerry lookalikes to lure customers.
"Now the growth has to come from data and content," he said, adding "we expect to grow (revenue) faster than the industry average of 10%-12%."
He declined to give a forecast for net profit.
Last year, leases from XL Axiata's telephone towers netted about 600 billion rupiah, he said, from smaller telecoms players including Bakrie Telecom. Suhaimi said he expects revenue from that area to grow about 20% a year. — Reuters
February 17, 2010
KLCI mampu lepasi 1,249 mata
PASARAN saham tempatan mengalami tekanan jualan bagi minggu ketiga berturut-turut minggu lalu susulan meningkatnya kebimbangan terhadap kegagalan membayar balik hutang beberapa negara Eropah, sekali gus mengheret indeks penanda aras ke paras terendah dalam tempoh empat bulan, sebelum pembeli kembali menaikkan harga selepas wujudnya petunjuk negara Kesatuan Eropah (EU) lain kemungkinan menyelamatkan Greece dan mengawal defisit perbelanjaannya yang besar.
Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) meningkat 5.49 mata atau 0.44 peratus untuk ditutup pada 1,253.39 minggu lalu, disumbangkan oleh kenaikan IOI Corp sebanyak 12 sen, AMMB (16 sen), Axiata (lapan sen), Maybank dan Tenaga masing-masing sembilan sen.
Jumlah dagangan purata harian susut kepada 673 juta saham bernilai RM1.11 bilion, berbanding 883.2 juta saham bernilai RM1.25 bilion minggu sebelumnya.
Pasaran global yang terjejas disebabkan kebimbangan terhadap krisis hutang Greece, pengurangan kecairan di China serta strategi kerajaan Amerika Syarikat (AS) dalam menamatkan langkah rangsangan ekonomi, pulih sedikit pada akhir minggu.
Faktor utama bagi kenaikan itu adalah penegasan dibuat pemimpin EU bagi menyelamatkan Greece, selain kadar inflasi di China dan jangkaan pengangguran yang rendah di AS.
Kadar inflasi yang rendah di China memberikan petunjuk bahawa kerajaan negara itu tidak akan secara agresif mengetatkan kecairan di celah-celah pemulihan permintaan dari AS, EU dan Jepun.
Di sebalik ketidaktentuan pasaran semasa, perlu diakui keadaan ekonomi global telah menjadi semakin baik dan kebimbangan ketika ini lebih menjurus kepada kesan langkah pencegahan bagi melindungi ekonomi dan tekanan inflasi pada masa depan.
Bagi pasaran tempatan, tiada angka tunjuk ekonomi utama yang akan diumumkan minggu ini, melainkan perangkaan rizab antarabangsa pada Jumaat ini.
Meskipun demikian, jika tidak adanya faktor yang boleh menjejaskan pasaran dan peningkatan aktiviti yang selalunya berlaku selepas Tahun Baru Cina, pelabur dijangka memacu indeks penanda aras dalam tempoh tujuh hari perdagangan menjelang akhir bulan ini.
Pada asasnya, pendapatan korporat yang baik bagi tempoh Oktober hingga Disember, yang mana semua pengumuman akan dibuat menjelang akhir bulan ini, akan menyokong pengembangan indeks dan petunjuk teknikal.
Petunjuk momentum teknikal KLCI meningkat secara ketara susulan kejatuhan minggu lalu dan memantul semula daripada paras terlebih jualan, disokong petunjuk belian stochastics yang perlahan, menunjukkan sentimen lebih positif minggu ini ekoran penyertaan semula pelabur dalam pasaran setelah cuti panjang Tahun Baru Cina.
Bulan Februari biasanya berakhir dengan positif yang mana 14 daripada bulan berkenaan menyaksikan penutupan yang meningkat dalam tempoh 20 tahun lalu, dengan kenaikan purata indeks sebanyak 3.8 peratus.
Pemulihan pasaran saham global akan melonjakkan sentimen tempatan, dengan pelabur akan menjejaki prestasi pasaran saham di Hong Kong dan China.
Bagi KLCI, kemampuan untuk melepasi paras 1,249 mata akan menjadikan paras halangan baru pada 1,256, 1,260 dan 1,273 mata.
Saham perbankan CIMB, Maybank dan Public Bank masih menjadi pilihan selepas kegiatan pengambilan untung baru-baru ini yang mana ia akan menggalakkan lebih banyak pembelian.
Kaunter perladangan, IOI Corp dan Sime Darby juga menjanjikan potensi baik pada paras harga semasa.
Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) meningkat 5.49 mata atau 0.44 peratus untuk ditutup pada 1,253.39 minggu lalu, disumbangkan oleh kenaikan IOI Corp sebanyak 12 sen, AMMB (16 sen), Axiata (lapan sen), Maybank dan Tenaga masing-masing sembilan sen.
Jumlah dagangan purata harian susut kepada 673 juta saham bernilai RM1.11 bilion, berbanding 883.2 juta saham bernilai RM1.25 bilion minggu sebelumnya.
Pasaran global yang terjejas disebabkan kebimbangan terhadap krisis hutang Greece, pengurangan kecairan di China serta strategi kerajaan Amerika Syarikat (AS) dalam menamatkan langkah rangsangan ekonomi, pulih sedikit pada akhir minggu.
Faktor utama bagi kenaikan itu adalah penegasan dibuat pemimpin EU bagi menyelamatkan Greece, selain kadar inflasi di China dan jangkaan pengangguran yang rendah di AS.
Kadar inflasi yang rendah di China memberikan petunjuk bahawa kerajaan negara itu tidak akan secara agresif mengetatkan kecairan di celah-celah pemulihan permintaan dari AS, EU dan Jepun.
Di sebalik ketidaktentuan pasaran semasa, perlu diakui keadaan ekonomi global telah menjadi semakin baik dan kebimbangan ketika ini lebih menjurus kepada kesan langkah pencegahan bagi melindungi ekonomi dan tekanan inflasi pada masa depan.
Bagi pasaran tempatan, tiada angka tunjuk ekonomi utama yang akan diumumkan minggu ini, melainkan perangkaan rizab antarabangsa pada Jumaat ini.
Meskipun demikian, jika tidak adanya faktor yang boleh menjejaskan pasaran dan peningkatan aktiviti yang selalunya berlaku selepas Tahun Baru Cina, pelabur dijangka memacu indeks penanda aras dalam tempoh tujuh hari perdagangan menjelang akhir bulan ini.
Pada asasnya, pendapatan korporat yang baik bagi tempoh Oktober hingga Disember, yang mana semua pengumuman akan dibuat menjelang akhir bulan ini, akan menyokong pengembangan indeks dan petunjuk teknikal.
Petunjuk momentum teknikal KLCI meningkat secara ketara susulan kejatuhan minggu lalu dan memantul semula daripada paras terlebih jualan, disokong petunjuk belian stochastics yang perlahan, menunjukkan sentimen lebih positif minggu ini ekoran penyertaan semula pelabur dalam pasaran setelah cuti panjang Tahun Baru Cina.
Bulan Februari biasanya berakhir dengan positif yang mana 14 daripada bulan berkenaan menyaksikan penutupan yang meningkat dalam tempoh 20 tahun lalu, dengan kenaikan purata indeks sebanyak 3.8 peratus.
Pemulihan pasaran saham global akan melonjakkan sentimen tempatan, dengan pelabur akan menjejaki prestasi pasaran saham di Hong Kong dan China.
Bagi KLCI, kemampuan untuk melepasi paras 1,249 mata akan menjadikan paras halangan baru pada 1,256, 1,260 dan 1,273 mata.
Saham perbankan CIMB, Maybank dan Public Bank masih menjadi pilihan selepas kegiatan pengambilan untung baru-baru ini yang mana ia akan menggalakkan lebih banyak pembelian.
Kaunter perladangan, IOI Corp dan Sime Darby juga menjanjikan potensi baik pada paras harga semasa.
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About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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