Malaysia share prices opened lower on Thursday

• Malaysia share prices opened lower on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 2.56 points to 1840.37.
• The ringgit opened higher against the US dollar following a recovery in oil prices coupled with disappointing US economic data, a dealer said.
• Federal Open Market Committee on Wednesday offered no changes to its zero interest rate policy. Not only did it not hike rates, it also removed all hints for what may lie ahead.
• Westports Holdings Bhd, which has allocated RM500 million in capital expenditure (capex) for 2015, sees Asean as the preferred market for mergers and acquisitions
• VSolar Group Bhd was slapped with an unusual market activity (UMA) query by Bursa Malaysia, which it denied knowing the reason for, yesterday following an unusual price movement and rise in volume of the its shares recently.
• Willowglen MSC Bhd, which is involved in providing supervisory control and data acquisition (Scada) systems, plans to expand its global market presence and may consider acquisitions in the future.
• Asian Broadcasting Network (M) Sdn Bhd (ABNxcess), the first digital cable TV operator in the country that is said to be facing financial woes, has to be more appealing in content offerings
• Daya Materials Bhd has received a call option notice from Perfect Propel Sdn Bhd (PPSB) stating its intention to exercise the revised call option, which requires Daya Materials to dispos of a 50% stake in its 70%owned subsidiary Daya CMT Sdn Bhd (DCMT) to PPSB for RM30 million.

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Singapore share prices opened lower on tuesday

• Singapore share prices opened lower with the Straits Times Index (STI) down 5.16 points or 0.15 per cent to 3,510.69, following Monday's decline on Wall Street.

• TheStraits Timex Index kicked off the week with a 2.85-point gain at 3,515.85 on Monday,mainly due to strong gains in Singtel and UOB.

• HEALTHCARE group Q&M Dental is planning to acquire TP Dental Surgeons for S$28.6 million.

• CORDLIFE Group has announced that China Cord Blood Corp (CCBC) has received a proposal letter from Golden Meditech which is seeking to take it private.

• Yangzijiang Shipbuilding on Monday plans to delist its Taiwan Depository Receipts (TDRs) on the Taiwan Stock Exchange (TSE) .

• QAF, known for its Gardenia and Bonjour brands of bread, plans to restructure Gardenia Bakeries (KL) Sdn Bhd (GBKL), a 70 percent-owned Malaysian subsidiary that contributes a significant amount of revenue and profit.  

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Malaysia share prices opened lower on Tuesday

• Malaysia share prices opened lower on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.2 points to 1858.38.
• The ringgit opened higher against the US dollar, following weaker US economic data
• Foreign investors bought RM163.3 million worth of equities listed in the open market on Bursa Malaysia on a net basis last week, but it was the lowest in the six weeks
• Tenaga Nasional Bhd's (TNB) net profit for the second quarter ended Feb 28, 2015 rose 24% to RM2.16 billion from RM1.73 billion a year ago, contributed mainly by lower generation costs due to lower coal price and lower usage of the more expensive liquefied natural gas fuel.
• Higher operating cost saw Maxis Bhd's net profit drop 15.29% to RM410 million for the first quarter ended March 31,2015 versus RM484 million in the previous corresponding period.
• DiGi.com Bhd's net profit slipped 1.22% to RM479.22 million for the first quarter ended March 31, 2015 from RM485.16 million a year ago due to the absence of prior year tax benefits and higher underlying depreciation.
• Carimin Petroleum Bhd has entered into collaboration agreements (COA) with Makamin Offshore Saudi Ltd Company (MOS) and Petro Allied International DMCEST (PAI), to pave the way for exploring business opportunities in Saudi Arabia, the Middle East, South East Asia and Australia.
• ndependent adviser Mercury Securities Sdn Bhd deems the conditional takeover offer by Berjaya Corp Bhd (BCorp) to acquire Redtone International Bhd shares at 80 sen fair and reasonable, and recommends holders to accept the offer
• Foodbased QL Resources Bhd has clarified that its substantial shareholders, and not the company itself, is investing in a substantial stake in property developer Sunsuria Bhd.

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Malaysia share price opened higher on Monday

• Malaysia share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.3 points to 1863.93
• The positive trend in Asian stock markets boosted sentiment on Bursa Malaysia with share prices opening higher this morning.
• The ringgit opened higher against the US dollar on strong buying support for the local unit. the local unit was quoted at 3.5675/5705 versus the greenback compared with 3.5790/5830
• Bina Puri Holdings Bhd's wholly owned unit, Bina Puri Sdn Bhd, has clinched a RM123.32 million Sabah Department of Works (JKR) contract for interior desiign works for Blocks A and B of the state administrative complex in Kota Kinabalu.
• MARC has affirmed Malaysia's sovereign rating of AAA with a stable outlook based on country's ability to meet its local currency obligations.
• Malton Bhd has bagged a RM703 million construction contract for the proposed Pavilion Damansara Heights project in Pusat Bandar Damansara, Kuala Lumpur.

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Weekly forcast of KLCI April 5th week

Market Forecast for week ahead:

Market is moving by taking correction on weekly basis it is forcasted to be on positive note next week. As Malaysian government expecting economy to grow between 4.5% and 5.5% this year on the back of strong economic fundamentals. And if Malaysia achieved its fiscal target for 2015, it would be a record of six consecutive years of fiscal deficits.

Technical indicators:

RSI for this week is 60.649 with CCI at 129.338. Besides, difference line of MACD 8.942 and crossed its signal line -1.022.

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ECONOMIC FACTORS affected KLCI April 4th week

• Bank Negara governor Tan Sri Zeti Akhtar Aziz said any changes in Malaysia's monetary policy will be based on domestic consideration while stressing that the economy is still staying on a steady growth path. It is anticipated that the central bank may start to cut the overnight policy rate by 25 to 50 basis points.
• Interest rates hike by the United States Federal Reserve (Fed) must happen this year as the uncertainty on the timing of the hike is causing volatility in regional markets.
• The ringgit’s decline is more influenced by non-economic factors and an over-reliance on oil and gas revenue, as well as political issues.
• Moody’s Investors Service today assigned a definitive A3 senior unsecured rating to the US dollar trust certificates (sukuk) issued by Malaysia Sovereign Sukuk Bhd, a special purpose vehicle established by the Malaysian government.An aggregate interest of over US$9 billion (RM32.67 billion) drawn from the issuance of Malaysia's US$1.5 billion sukuk recently signalled foreign investors' confidence in the country's long-term economy fundamentals, a treasury official said.
• Bank of America Merrill Lynch (BofAML) expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by 25bps in the second half of the year, due to weaker consumer spending, investments and exports that would lead to significantly slower growth.

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Stocks to watch: Japfa, Noble Group, Tat Hong

HERE are the stocks to watch for Monday morning trade:-

Indonesian poultry producer Japfa has issued a profit warning, advising of a net loss for its first quarter ended March 31, 2015. The loss results from a continued weakness in the poultry market and in the purchasing power of low-income consumers as well as the translation loss from the company's US dollar loans as a result of a 5 per cent drop in the rupiah to US dollar exchange rate as at March 31, 2015, Japfa said.

Commodity trader Noble Group on Friday held its annual general meeting, where shareholders passed 12 resolutions related to the company's financial statements and the report of its directors and auditors. Noble's shares have plunged about 27 per cent since anonymous outfit Iceberg Research first attacked the group's accounting practices on Feb 15. Short-seller firm Muddy Waters is also "short" Noble.

Crane operator Tat Hong Holdings on Friday evening said it expects to report a loss for its fourth quarter ended March 31, 2015. The challenging business conditions in the Australian construction sector have resulted in a weak performance of the group's wholly-owned Australian subsidiary group, which is expected to recognise significant changes in the impairment of goodwill and assets in its Q4 FY15 financial results. Notwithstanding this, the group expects to remain profitable for FY15, as its underlying performance in Q4 FY15 remained stable, Tat Hong said.

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Malaysia shares open higher on Monday

Malaysia share prices opened higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 0.85 points to 1,846.71 as at 9.05am.

Volume was 134.4 million lots worth RM57 million.

Losers outnumbered gainers 131 to 100.

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Malaysia stock opened higher toaday

Malaysia share costs opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.95 focuses to 1,849.89 amplifying yesterday's increases, prodded by light purchasing in little promoted stocks and chose blue-chips.

The ringgit proceeded with yesterday's increases against the US dollar to open higher today incited by purchasing backing for the neighborhood unit in the midst of the debilitating greenback.

Malakoff Corporation Bhd (Malakoff) reported 12 foundation speculators to its exceptionally foreseen first sale of stock (IPO), following quite a while of hypotheses, today.

Perusahaan Otomobil Kedua Sdn Bhd (Perodua), which dispatched another embellishments brand called GearUp yesterday, expects to develop its extras business to make up 15% of its after-deals business by one year from now, from 10% presently.

Pesona Metro Holdings Bhd (PMHB) has secured a property improvement extend in Cyberjaya worth RM266.8 million from PBT Engineering Sdn Bhd (PBTE), the designing specialty unit and a piece of the development and building division of Singapore's TEE International Ltd.

Oil costs fell in right on time exchanging on Friday, finishing a run of revitalizes before in the week, after Opec said that its yield surged in March, adding to a worldwide excess.

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ECONOMIC FACTORS supporting wednesday

ECONOMIC FACTORS:

• The ringgit rebounded to open slightly higher against the US dollar today, supported by mild interest in the local unit.
• Crude prices rose on Tuesday on expectations U.S. shale oil output will record its first monthly decline in over four years, but analysts warned that the broader market remained oversupplied as China’s exports rose.
• Malaysia's economic growth is expected to slow down to 4.7% in 2015 before normalising to 5% in 2016, while the current account would remain in a small surplus, according to the World Bank's East Asia Pacific Economic Update.
• Foreign funds mopped up RM354.4 million last week, the highest in three weeks, to continue the gradual rebuilding of their Malaysian equity portfolio, MIDF Research said.
• OldTown Bhd's earnings could be reduced by RM8 million in the event that the 10% service charge is removed.
• The move by Time dotCom Bhd (TdC) to disposed of 49.9 million DiGi shares or a 0.64% stake in DiGi through private placement comes as a `positive surprise, bringing forth speculation that merger and acquisition (M&A) may be in the works.
• Malaysian Resources Corporation Berhad (MRCB) said the recent share swap deal with DMIA (M) Sdn Bhd will enhance the group's current development projects.
• RHB Capital Bhd (RHBCap) is planning a rights issue to raise up to RM2.5 billion under a proposed restructuring that will see the RHB Banking Group moving towards a "bank holding company" structure, in line with major banking groups across Asean.
• Petronas Chemicals Group Bhd (PCG) has set aside RM3 billion in capital expenditure (capex) for 2015, of which bulk of it will be for the Sabah Ammonia Urea (Samur) project.
• Mechanical and electrical (M&E) engineering service provider Bintai Kinden Corp Bhd is bidding for RM1.2 billion worth of projects in Malaysia and is working with various parties to participate in the MRT project.

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Market Review for KLCI Wednesday

The FBM KLCI index lost 2.47 points or 0.13% on Tuesday. Finance Index fell 0.46% to 16284.61 points, Properties Index up 0.10% to 1319.12 points and Plantation Index down 0.22% to 7750.35 points. Market traded within a range of 9.06 points between an intra-day high of 1846.31 and a low of 1837.25 during the session.

The KLCI dropped 2.47 points to 1839.61 points amid overnight losses in U.S. market as investors remain cautious on corporate results announcements in US. The performance of our local bourse was bogged down by selling in heavy weight counters like IHH Healthcare, RHB Capital and Astro.

 

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Malaysian Shares open lower on Monday

Malaysia share prices opened lower on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.08 points to 1,843.23.

Volume was 51.19 million lots worth RM14.18 million.

Gainers outnumbered losers 112 to 47.

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Singtel to buy cyber security company Trustwave for US$810m

[SINGAPORE] Singapore Telecommunications Ltd will buy a 98 per cent stake in Trustwave Holdings Inc for US$810 million as Southeast Asia's biggest phone company seeks to expand in cyber security.

The deal gives the company control of businesses in North America, Europe and the Asia Pacific region, Singtel said in a statement to the Singapore Exchange on Wednesday. Trustwave is expected to add to earnings from the third year, according to the filing.

Singtel is seeking new expansion as growth in its home market of Singapore slows. The company also gets dividends from stakes in emerging-market carriers including India's Bharti Airtel Ltd. and Indonesia's PT Telekomunikasi Selular. Chicago- based Trustwave had net tangible liabilities of about US$84 million and over three million business subscribers, it said.

Trustwave will allow Singtel to "capture global opportunities in the cyber security space," Singtel Chief Executive Officer Chua Sock Koong said in the statement.

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Stocks to watch: Singtel, Ezra

THE following stocks could see increased trading on Wednesday following material announcements before the beginning of trading.

Telco Singtel announced its US$810 million purchase of cyber security firm Trustwave Holdings.

Offshore play Ezra Holdings announced a 99 per cent fall in net profit to US$138,000 from US$19.6 million for its second quarter ended Feb 28, 2015. Revenue was stable but costs had gone up. Some US$4.6 million of net profit was due to non-controlling interests.

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Malaysia: Shares open lower on Wednesday

Malaysia share prices opened lower on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 4.02 points to 1,852.49.

Volume was 29 million lots worth RM11 million.

Gainers outnumbered losers 91 to 60.

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SGX daily share trading down by modest 0.2% in March

Daily share trading activity on the Singapore Exchange (SGX) eased in March from year-ago levels, while derivatives trading continued to grow.

The securities daily average value (SDAV) slipped by 0.2 per cent year-on-year to S$1.1 billion in March, according to data by SGX. The average traded volume of securities experienced a sharper fall, by 38.4 per cent, to 1.4 billion shares.

Turnover velocity, a measurement that is closely tracked by SGX and that reflects how often a share is traded on average, fell to 37 per cent from 40 per cent a year earlier.

The derivatives market had more excitement. Average daily trading volume in derivatives grew 46.2 per cent year-on-year in March to 678,126 contracts. A total of 3.3 million open-interest positions were left overnight in March, a 5 per cent year-on-year improvement.

The FTSE China A50 Index futures were a key contributor to growth, with March's 7 million traded contracts more than double the year-ago 2.5 million volume.

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Singapore bond bankers vie for deals as OCBC closes gap on DBS

[SINGAPORE] Oversea-Chinese Banking Corp is closing the gap on top-ranked Singapore dollar bond arranger DBS Group Holdings Ltd, trailing by the narrowest margin on record last quarter.

OCBC helped issue S$1.56 billion of offerings at home in the three months to March 31, boosting its market share to 32.4 per cent, more than triple a year earlier, according to data compiled by Bloomberg.

DBS worked on S$1.62 billion of deals for a 33.6 percent market share. OCBC was the sole manager on two issues for Singapore Telecommunications Ltd this year while DBS was on all three of its previous local-currency deals.

Singapore's two largest lenders are vying for a smaller pool of profits, which has pushed them to expand overseas and into investment banking. New rules that require banks to reduce risky holdings, coupled with deposit rates less than 0.5 per cent in the island nation, have prompted companies to sell more bonds in the local currency in the past five years than in the previous decade.

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Malaysia: Shares open higher on Tuesday

Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 0.59 points to 1,843.53.

Volume was 88 million lots worth RM28 million.

Gainers outnumbered losers 126 to 44.

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Asia: Shares mixed in quiet trade before US jobs

[HONG KONG] Asian markets were mixed on Friday in holiday-thinned trade as investors look ahead to the release of US jobs data later in the day, while Shanghai retreated on profit-taking after a recent rally.

Wall Street provided a positive lead following another round of upbeat US indicators, although the dollar dipped against the yen.
Tokyo edged up 0.37 per cent and Seoul gained 0.30 per cent.
Shanghai slipped 0.85 per cent after surging to seven year highs over the past month on hopes for fresh monetary easing by China, while Kuala Lumpur was flat.

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Malaysia: Shares open lower on Friday

Malaysia share prices opened lower on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.09 points to 1,830.88.

Volume was 152.79 million lots worth RM32.60 million.

Gainers outnumbered losers 105 to 82.

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