Showing posts from February, 2012

Iskandar Malaysia - Property Sector

Starting to bear fruit
•  Strong take-up of launches at new price benchmarks; warm response to JPO
•  Reaching tipping point, but achieving critical mass would take longer; increasing investments in IM should accelerate development progress
•  Top stock picks for exposure to Iskandar Malaysia : UEM Land, SP Setia, E&O, Genting Plantation Warming ties with Singapore to boost IM investments
The Prime Ministers of Malaysia and Singapore met recently for the Malaysia-Singapore Leaders’ Retreat, which resulted fruitful discussions to enhance bilateral collaborations:
1)  Construction of an undersea tunnel linking Johor Bahru and Singapore as part of the proposed Rapid Transit  System (operational by 2018);
2)  Sale of electricity to Singapore, possibly from Pengeran (under the US$20bn refinery and petrochemical indust development);
3)  Plans to align radio frequency spectrums for digital broadcast and mobile broadband services;
4)  Forming a work group on…

Last Minute Magic Saves FBM KLCI

This analysis is for Tuesday 31st Jan 2012. Take note of the word 'magic'. What It mean by magic as at  FBM KLCI magicFBM KLCI: Key Points 
  HARVEST – Price weakness to emerge
  FBMKLCI – Still range bound
  Obvious supports of 1,499 & 1,517.
  Rebounds capped at 1,521 & 1,535.
"Last minute magic" saves the index

Market Review
The FBM KLCI rose 7.74 points on Tuesday to close at 1,521.29. The FBM100 and FBMEMAS also closed higher, by 46.11 and 46.25 points respectively. Market breadth had a gainer-to-loser ratio of 415 to 394, while 353 counters were unchanged. Market volume traded was 1.78b shares valued at MYR2.18b. 

Regional Markets 
Asian stocks rose  along with  investor confidence after the Greek Prime Minister reported that major progress was made in debt-swap talks,  and  Japan’s  industrial production grew faster than economists had estimated.

US Markets
US markets rose on upbeat global manufacturing data (fro…