• Home

KLSE Bursa Malaysia Blog One-Stop

KLSE or Bursa Malaysia stock market latest blogs, KLCI and stocks news updates.

  • Home

Blogger's Blog Updates

  • Millionaire Trend Trader
    FBM KLCI - dragged lower by selling in TENAGA-led heavyweights - Stocks on Bursa Malaysia ended mixed Thursday with the benchmark FBMKLCI curtailing its recent rally as continued selling in selected heavyweights, led ...
    2 days ago
  • A PEGGY Method of Stock Market Share Fair Value Target Price IPO Dividend
    EPF Yearly Dividend - Source: The Star
    5 years ago
  • A PEGGY Method of Stock Market Share Fair Value Target Price IPO Dividend
    EPF Yearly Dividend - Source: The Star
    5 years ago
  • Blackspy fundamental
    Good Bye Maybank 2 Gold Cards~ - I used to use Maybank 2 Gold Cards for last few years. But after revise cashback policy. It is not as attractive as before. I do believe Public Bank Qua...
    5 years ago
  • Bursa Malaysia Stock Market Analysis Digest
    Technical - SKPRES (7155) - SKP RESOURCES BHD SKPRES has gapped- - up to close above the EMA20 level accompanied by improved volumes. The MACD Indicator has issued a BUY Signal, while...
    6 years ago
  • Bursa Malaysia Stocks and Shares Analysis
    FBM KLCI and Malaysia GE14 - Last Friday, PM Najib announced the dissolution of Parliament. In the past, polling was held 17-32 days after dissolution. We believe the first weekend of ...
    7 years ago
  • KLSE Bursa Malaysia Blog One-Stop
    Bursa Malaysia Shares: Stimulus Hopes and Oil Price to Underpin Sentiment - Bursa Malaysia shares managed to rebound from early decline in choppy trade Thursday, in line with most of the regional markets as weak trade data from Jap...
    8 years ago
Home » Bursa Malaysia Outlook , Bursa Malaysia Stock » Bursa Malaysia next week and stock to watch

Bursa Malaysia next week and stock to watch

  Joehari Matt    

bursa-malaysia Stocks on Bursa Malaysia are expected to start off on a cautious note on Monday, March 22 after the FBM KLCI was unable to hold on to the key 1,300 level over the past week while trading volume has shrunk.


Concerns among investors would be the rising inflationary trend after the consumer price index for February showed a 1.2% increase on-year while it was unchanged from January.


However, over the longer term, Nomura Securities Research is positive about the outlook for Malaysia, as it sees the economy rebounding and still sees upside to the current earnings upgrade cycle.


On Wall Street, stocks slipped, weighed down by energy shares as crude oil prices tumbled under pressure from a rising U.S. dollar.


Renewed worries about Greece's debt problems sent the euro to a more than two-week low against the greenback and pressured oil and other commodity prices, according to Reuters.


The Dow Jones industrial average dropped 26.60 points, or 0.25 percent, to 10,752.57. The Standard & Poor's 500 Index fell 4.78 points, or 0.41 percent, to 1,161.05. The Nasdaq Composite Index lost 15.13 points, or 0.63 percent, to 2,376.15.


Meanwhile, Nomura Securities Research, in a recent report, said after contracting 2.1% in 2009, Malaysia’s real GDP growth is expected to rebound to 5.5% in 2010 and level off to 5.2% in 2011.


A strong 4Q recovery of up 4.5% year-on-year saw Bank Negara Malaysia raising its rates by 25bps on  March in its Monetary Policy Committee meeting.

“The latest move by the central bank supports our view that the recovery is firmly on track,” it said.


In its research note, it said the most common feedback about Malaysia is that the market is not cheap. Owing to the huge accumulated current account surpluses and the large pool of liquidity that’s largely trapped in the system, the market will remain expensive, in its view.


“We remain positive on the market supported by a favourable earnings revision cycle. Consensus started to turn positive in May 2009. After the 1997-98 crisis, the earnings upgrade cycle lasted about 18 months. The earnings upgrades post the 2001 tech-led recession went on for 13 months. Judging from the previous upgrade cycles, we still see upside to the current earnings upgrade cycle.


“This is it! From a positive macro-economic recovery story to earnings upgrade cycles at the company level, all factors are pointing to a favourable outlook for the Malaysian stock market. Additional catalysts could come from positive surprises in the soon-to-be announced New Economic Model. We are overweighting the banks, contractors, media and the healthcare sectors. However, we continue to underweight the planters,” it said.


Stocks to watch are IJM Corp Bhd, HAI-O ENTERPRISE BHD [ ], SUNWAY HOLDINGS BHD [ ] and semiconductor-related counters including MPI and Unisem.


IJM Corp Bhd's unit Road Builder (M) Sdn Bhd has secured an RM600 million project to expand the Sungai Besi highway. It accepted the letter of award from Besraya (M) Sdn Bhd for the project on a fixed price lump sum of RM600 million. The CONSTRUCTION [ ] period is 36 months. Besraya is also a unit of IJM Corp.


Hai-O’s net profit rose 46% to RM18 million for the third quarter ended Jan 31, 2010 from RM12 million a year ago as it earnings were boosted by its multilevel marketing (MLM) division and higher group rental income.


Hai-O plans more advertising and promotion activities such as incentive trip sales campaign and to recruit new members.


The thrust for the company will be the wholesale and retail divisions, which will focus on health awareness campaign to a wider range of consumers. On the cards are the plan for its retail division to open more outlets across Malaysia especially in Sabah and Sarawak while it also focuses on  developing more of its house brand products.


Sunway Holdings expects record profits in fiscal 2010 as it plans to tender for jobs worth up to 16 billion ringgit (US$4.84 billion) globally. It expects its construction orderbook to grow by one-third to RM4 billion this year, partly boosted by the government's roll-out of public sector contracts.


North America-based manufacturers of semiconductor equipment recorded orders totalling US$1.23 billion in February 2010, based on a three-month average basis.


The Semiconductor Equipment Industry reported on Friday, March 19 the book-to-bill ratio was 1.22, based on its February 2010 Book-to-Bill Report. A book-to-bill of 1.22 means that US$122 worth of orders was received for every US$100 of product billed for the month.


source : theedge malaysia

Blogger's Blog Updates

  • 1KLSE
    KPJ Healthcare Berhad - Announcement - Oct 07, 2021 Dear investors, The following announcements have been uploaded into KPJ Healthcare Berhad Investor Relations website. - Changes In S...
  • Talk About Share Market
    Be cautious of small caps run on Bursa - THE small to medium caps run on the stockmarket this round is not quite the same as previously when their share prices were ramped up as a result of specul...
  • davors investment setting
    Stock Track - 13 APRIL 2011 (BJTOTO) - Will have a look on BJTOTO for coming few days as rumors flow. KUALA LUMPUR, April 12 — Tycoon Vincent Tan is considering selling a 49 per cent stake in th...

News

Links

  • KLSE 2U
  • Bursa Malaysia My Blog
  • KLSE Online
  • Malaysia Bursa

About

KLSE Bursa

Web Links

  • Privacy Policy
Copyright © KLSE Bursa Malaysia Blog One-Stop. All rights reserved. Template by Romeltea Media | Published by FLYTemplate