Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Monday, August 19, 2013

DRB... time to buy??

We maintain BUY on DRB-HIcom Bhd, with a fair value of RM3.65/share – a 15% discount to our SOP value of RM4.31/share..>>> Source: AmeSecurities

We maintain our BUY rating and TP of RM3.60 which is based on a 20% discount to SOP... Source: HwangDBS Research - 16 Aug 2013

Saturday, June 8, 2013

Ytl engine primed!!

Thursday, June 6, 2013

Ytl haha

Tuesday, May 14, 2013

Friday, May 10, 2013

Wednesday, May 8, 2013

Dow ends above 15,000 for first time, S&P closes at record

NEW YORK (Reuters) - The Dow closed above 15,000 for the first time on Tuesday and the S&P 500 ended at another record high, extending the market's rally as more investors rushed to join the party and German industrial data beat expectations.
It was the fourth straight record close for the S&P 500. Both the Dow and the S&P 500 hit intraday record highs as well.
"People are concerned they're missing the boat if they're not fully invested in the stock market right now," said Eric Kuby, chief investment officer of North Star Investment Management Corp., in Chicago.

Read more

Tuesday, May 7, 2013

Monday, April 8, 2013

Bursa to bounce back within three months after election

KUALA LUMPUR (April 3, 2013): Bursa Malaysia, which today registered the steepest fall in 10 weeks after the announcement of the dissolution of Parliament, will bounce back within three months after the 13th general election, says an analyst.
Earlier this morning, Prime Minister Datuk Seri Najib Tun Razak announced the dissolution of the 12th Dewan Rakyat to pave the way for the 13th general election.
Affin Investment Bank Head of Retail Research Dr Nazri Khan expressed optimism that the FTSE Bursa Malaysia KLCI (FBM KLCI) would post stronger gains in the second half of this year.
"This is based on certain factors like local and foreign investors currently on a huge cash war chest and on "standby mode" ready to invest," he told Bernama.
Bourses in the Phillipines, Thailand and Indonesia are up more than 10 per cent year-to-date, suggesting that Bursa Malaysia would also play catch-up post-election, he added.
Nazri said despite the selldown seen today, Affin Investment has maintained the 1,720 level as its official target for the FBM KLCI by year-end, which means any weaknesses now are excellent opportunities to accumulate stocks.
The key index moved between a low of 1,632.28 and a high of 1,692.85 throughout the day.
Read source

Tuesday, April 2, 2013

YTL Corp

YTL Corp Records Half-Year Revenue of RM10.2 Billion (US$3.3 Billion); Net Profit Grows 34% to RM654 Million (US$212 Million)
15% Interim Dividend Declared

Kuala Lumpur, Thursday 21 February 2013
YTL Corporation Berhad announced today a 3.3% growth in revenue to RM10,194.8 million (US$3,299.3 mn) for the 6 months ended 31 December 2012, compared to RM9,868.2 million (US$3,193.6 mn) for the preceding corresponding 6 months ended 31 December 2011. Profit before taxation increased 5.8% to RM1,206.5 million (US$390.5 mn) for the first half of the financial year ending 30 June 2013, compared to RM1,140.2 million (US$369.0 mn) last year, whilst net profit attributable to shareholders increased 33.8% to RM654.4 million (US$211.8 mn) this year over RM489.2 million (US$158.3 mn) last year.
YTL Corp declared a second interim dividend of 15% or 1.5 sen per share, the book closure and payment dates for which are 14 March 2013 and 29 March 2013, respectively.
YTL Group Managing Director Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping, CBE, FICE, said, “The Group has achieved another strong quarter, with revenue topping RM10 billion for the half-year. Anchored by our water and sewerage operations in the UK and power generation and merchant multi-utilities activities in Singapore, the Group’s utilities division continued to drive growth. The division has also made strides in growing the subscriber base in the mobile broadband division which owns and operates the YES 4G network.
“Profit in the cement division increased due to better selling prices for cement and improved concrete sales. Meanwhile, the completion of several projects in Singapore saw lower revenue recognition in our property development division but this was offset by higher profits contributed by our investment in Starhill Global REIT, which owns prime retail and office properties in Singapore’s Orchard Road, Kuala Lumpur’s Golden Triangle and Tokyo’s upscale retail districts, as well as a retail mall in Chengdu, China, and the David Jones Building and recently-acquired Plaza Arcade in Perth.
“Bolstered by new assets, including Gaya Island Resort in Borneo and The Majestic Hotel Kuala Lumpur, a legendary property that has been newly restored and commenced operations during the quarter, the hotel division also performed well. Meanwhile, Starhill REIT, our hospitality REIT vehicle, completed its acquisition of the Sydney Harbour, Brisbane and Melbourne Marriott hotels in November 2012, further enhancing the REIT’s international portfolio.
“YTL Corp’s second interim dividend, together with the 10% dividend last quarter, brings the total cash dividend to 25% or 2.5 sen per share for the current year to date. This is one of the highest cash dividends declared for some time and is intended to reward YTL Corp’s long-term shareholders by enhancing their return on investment.”

Read source

Wednesday, February 6, 2013

DiGi Q4 earnings down 37% to RM245m on-yr on higher taxes (Update)

KUALA LUMPUR: DiGi.Com Bhd's earnings fell 37% to RM245.52mil in the fourth quarter ended Dec 31, 2012 from RM394.22mil a year ago due to a higher tax rate. It proposed a dividend of 2.5 sen a share or 25%.

It announced on Wednesday Q412's effective tax rate of 31.7% was higher than the statutory tax rate of 25.0% due mainly to the reversal of prior quarters' broadband network-related tax incentives during the current quarter under review. It said that Q412's taxation surged to RM114.20mil.

DiGi said revenue rose 5.4% to RM1.629bil from RM1.545bil while earnings per share fell to 3.16 sen to 5.07.

Its earnings for the financial year ended Dec 31, 2012 fell 3.9% to RM1.205bil from RM1.254bil in FY11.

Its revenue increased by 6.6% to RM6.361bil from RM5.964bil a year ago.

For the year under review, mobile internet customers increased from 5.2 million to 5.7 million, with mobile data revenues now accounting for 32.7% of the group's overall service revenues.

During the year, DiGi increased its capital expenditure to RM700mil in line with the progress made on the company's business transformation programme, which included modernisation of its network, information system and information technology (IS/IT) infrastructure, and distribution channels.


Fourth Interim Tax Exempt (Single-tier) Dividend 2.5 Sen
Entitlement Details:
Fourth interim tax exempt (single-tier) dividend of 2.5 sen per ordinary share
of 1 sen each for the financial year ended 31 December 2012.
Entitlement Type: Interim Dividend
Entitlement Date and Time: 22/02/2013 05:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2012
EX Date:20/02/2013
To SCANS Date:
Payment Date: 08/03/2013

Friday, February 1, 2013

Disappointing January for Malaysian equities

KUALA LUMPUR: Malaysia's FBM KLCI ended January on a softer note as investors were cautious ahead of the country's general elections (GE), which prompted profit taking by local funds and retail investors while foreigners were seen accumulating.

Wednesday, January 30, 2013

Stocks Finish Higher; Dow Nears 14,000

Stocks closed higher on Tuesday as the Dow marched toward the 14,000 level and investors looked ahead to Wednesday's Federal Reserve policy announcement.
A gain in the energy sector following strong earnings from refiner Valero and big gains in the pharma sector after Pfizer's solid earnings report supported stocks.

The Dow Jones Industrial Average rose 72.49 points, or 0.52 percent, to close at 13,954.42, lifted by big gains in Pfizer and Verizon. Hewlett-Packard lagged. The Dow has not closed above 14,000 since October 17, 2007.

The S&P 500 gained 7.66 points, or 0.51 percent, to finish at 1,507.84, while the Nasdaq shed 0.64 points, or 0.02 percent, to close at 3,153.66 as disappointing earnings weighed on tech stocks.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.

Tuesday, January 29, 2013

SapuraKencana could garner RM3bil-RM5bil jobs annually

PETALING JAYA: Malaysia's largest oilfield service provider SapuraKencana Petroleum Bhd is expected to garner about RM3bil to RM5bil worth of contracts annually, said industry analysts.

Currently, it has a sizeable RM18bil in its order book, with some 35% in Malaysia while Brazil and the Gulf of Mexico its second largest markets contribute about 24%. About 65% of SapuraKencana's jobs are for full engineering, procurement, construction, installation and commissioning works.

Moving forward in Malaysia alone, there were some RM300bil worth of jobs up for grabs, and SapuraKencana was likely to bid for most of the jobs, the analysts said.


Wednesday, January 23, 2013

The Great Rotation: a flight to equities in 2013

By Mike Dolan
LONDON (Reuters) - One of the big investment shifts of our day may be at hand - regardless of how global markets actually perform this year.

What's already known as the "The Great Rotation" - a tilting of pension and insurance funds' strategic, long-term asset preference back toward equity from extreme positioning in bonds - has been one of themes of the new year so far.

The gist of the argument is that investor holdings of now expensive, ultra-low yielding government debt - following a virtually unbroken 20-year bull market in bonds - are ripe for rebalancing. The attraction of relative and absolute valuations in equity will coax the outflow to stocks.
It's this juncture that has some of the most persistent global equity bears of the past two decades, such as Societe Generale strategist Albert Edwards, rethinking the big picture.

While there's little thaw evident in his view of an investment 'Ice Age' over the next couple of years, Edwards now reckons that over 10 years long-term institutional funds are in danger of missing "the cheapest equity prices in a generation."


StarBiz presents five stock picks

With the sudden market selldown, some counters have been beaten down to attractive levels. StarBiz presents five stock picks, compiled by YVONNE TAN.


THE best reason to look at this stock, probably, is that technically, it is in oversold territory. The stock has lost 4.47% since Monday.

Its outlook for this year includes expectations that revenue would grow by 5% to 7%, while margins for earnings before interest, taxes, depreciation and amortisation are expected to remain stable.

Telco counters are also known for their generous dividend yields.

Based on its third-quarter numbers, DiGi's dividend yield is running at 4.5%, or 23.8 sen net per share. Its growth story remains intact, according to analysts.

As at the third quarter of 2012, DiGi's revenue market share expanded to 28%, up from 27.5% from end- 2011, largely driven by its above peer average net adds over the past two years, which was also accompanied

by a fairly stable, if not higher, average revenue per user or ARPU, said Affin Research.

It believes that its month-onmonth growth momentum will persist as it consolidates its market share in the youth and Malay ethnic group segments, two key growth areas.

With its revenue and growth trajectory intact, the research house is forecasting core dividend per share (DPS) to improve in the current financial year (FY13).

Although its FY13 DPS assumption is based on a 100% dividend payout, it suspects there is potential for upside to its DPS forecast of 22.6 sen for FY13.


Tuesday, January 22, 2013

'Market overreaction presents opportunities'

The local stock market overreaction over the upcoming 13th General Election (GE13) would present buying opportunities
for investors, says MIDF Research.

Yesterday, the FBM KLCI reacted negatively to market talk that Prime Minister Datuk Seri Najib Tun Razak may soon seek consent from the Yang di-Pertuan Agong for the dissolution of Parliament as early as this week.

If it turns out to be true, the GE13 will most probably be held by March 2013, MIDF said.

However, it said, investors may have overemphasised on the election consequence as the research house views the likeliest of results is that the status quo would remain.

"Hence, this presents an opportunity to investors with risk tolerance and who share a similar view," it said in a research note today.

Read more:

Monday, January 21, 2013

Malaysian stocks set for worst drop in 16 months on election jitters

KUALA LUMPUR (Jan 21, 2013): Malaysia's benchmark stock index fell more than 2% on Monday and appeared headed for its worst single-day drop in more than 16 months as worries over the country's upcoming election sparked selling across the board.

The FBI KLCI was down as much as 2.3% at 1,638.27 points by early afternoon, its biggest one-session loss since falling 2.5% on Sept 26, 2011, and bucking slight gains in other Southeast Asian stock markets.

A steady drip of headlines in local media about the election and speculation of a poll date late in March is fuelling the selling, said Kaladher Govindan, head of research at TA Securities, a local brokerage. The election must be called by the end of April.


Thursday, January 17, 2013

DiGi eyes 30pc growth in online store shopping

DIGI.COM Bhd, the third largest mobile operator in the country, aims to grow its online business by 30 per cent this year, mainly driven by the increasing trend of online shopping among consumers.

Its online store, DiGi Store Online, allows customers to buy new mobile devices for their existing plans, sign up to a new plan and reload prepaid airtime, among others.

The portal also allows non-DiGi customers to buy devices by signing up to a plan - via a new DiGi number or porting from their existing number.

Products purchased online will be delivered to buyers within three working days and can be paid for via installment plans.

Read more: DiGi eyes 30pc growth in online store shopping

Friday, January 4, 2013

RHB Research maintains Overweight on telco sector

KUALA LUMPUR: RHB Research Institute is maintaining its Overweight outlook on the telecommunications sector with Time dotCom as its top pick.

It said on Friday while valuations are not cheap, it expects monetary policy to remain accommodative and supportive of the country's economic growth amid ample liquidity.

“Therefore, investors may continue to seek out telecom stocks offering generous dividend yields,” it said.


“Among the telcos, only DiGi has offered guidance for 2013 and management expects revenue to grow by 5%-7%. Apart from Time dotCom, we believe DiGi offers the strongest revenue and earnings growth prospects in 2013 based on our forecast of 8% and 9% respectively,” said RHB Research.


Wednesday, January 2, 2013

More growth seen in DiGi this year

Affin Research
Buy (maintained)
Target price: RM6.04

ALTHOUGH DiGi's stock price has appreciated 38.6% year-to-date, DiGi remains a key pick for the telco sector moving into 2013.

Our buy rating is premised on DiGi's continued growth story and strong capital management initiatives.

Both factors, in our view, are likely to drive stock price towards our discounted cash flow target price of RM6.04 (based on a weighted-average cost of capital of 6.3% and growth of 1%).


Tuesday, January 1, 2013

Norway's Telenor awaiting details of liberalisation before raising stake in DiGi

PETALING JAYA: Norwegian Telenor ASA is not opposed to further increasing its stake in DiGi.Com Bhd but will decide on the exact percentage once the Malaysian Government issues more details on the plan to further liberalise the local telecoms sector to allow foreign equity ownership to go up to 70%.

The current ceiling for foreign equity ownership is 49% and that is how much Telenor has in DiGi. read more...

My TP is getting higher!!!!

Related Posts Plugin for WordPress, Blogger...