Selected Stock Hot News: March 2011

Thursday, March 31, 2011

Time dotCom, Measat to provide IPTV, broadband in Klang Valley, Ipoh

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MBNS shall be responsible for marketing the “Triple Play” which shall be branded as Astro B.yond IPTV and accompanied with “Powered by TIME 100% Fibre Optics” logo.

As for TTdC, it will manage the services on TIME’s 100% pure fibre optics network.

“The collaboration with MBNS will allow TTdC to acquire customers at a faster rate in the target areas, and leverage on the strengths of TIME's 100% Pure Fibre Optics network. Bundling Astro B.yond IPTV service with TIME Fibre Broadband allows both parties to deliver best of breed services to the end customer.

“As a result, TIME's wholesale business is further strengthened via working with an anchor collaborator such as MBNS,” it said.

Read The Edge

Wednesday, March 30, 2011

Ireka unit gets RM232.75m contract

KUALA LUMPUR: IREKA CORPORATION BHD [] unit Ireka Engineering & CONSTRUCTION [] Sdn Bhd (ICB) has secured a RM232.75 million contract for a proposed office and hotel development project.

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It said the contract was expected to contribute positively to its earnings for the financial year ended March 31, 2011 onwards.

Read The Edge

Tuesday, March 29, 2011

Kencana unit gets RM216m job from Petrofac

KUALA LUMPUR: KENCANA PETROLEUM BHD [] has secured a RM216 million contract from Petrofac Malaysia Ltd for the CONSTRUCTION [] of well head platforms for the Cendor oil field off the coast of Terengganu.

Read The Edge

Smartag to start Thailand project

KUALA LUMPUR: Smartag Solutions Bhd, en route to a listing on the ACE Market of Bursa Malaysia Securities Bhd on April 18, plans to implement its land checkpoint project in Thailand next month, its chief executive officer, Lim Peng Keong, said yesterday.

Read The Star

World Indices, Dow closed 12,197.88

Monday, March 28, 2011

SapuraCrest 4Q net profit surges 79% to RM72.67m, proposes 5.5c final dividend

Revenue rose 26% to RM609.95 million from RM484.48 million in 2010. Earnings per share was 5.69 sen, while net assets per share was 87 sen.

SapuraCrest proposed a single tier final dividend of 5.5 sen per share for the financial year ended Jan 31, 2011.

Read The Edge

RFID solutions-based Smartag to raise RM17.6m from IPO

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The company is targeting to list on the ACE Market of Bursa Malaysia. The applications for the shares close at 5pm on April 4 and its targeted listing date is April 18, 2011.

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Read The Edge

Friday, March 25, 2011

CIMB Research sees more upside for Mah Sing share price

“If our count is right, prices should inch past its 30-day SMA (now at RM2.49) very soon. Thereafter, it should move towards RM2.58 and RM2.70 next,” it said.

Read The Edge

Pos Malaysia recommends 17.5c dividends for FY2010

KUALA LUMPUR: POS MALAYSIA BHD [] is rewarding its shareholders with dividends totaling 17.5 sen for the financial year ended Dec 31, 2010.

Read The Edge

Friday, March 18, 2011

OSK Research: Worst over for rubber gloves sector

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“We are upgrading the sector to Overweight, with our top picks being Top Glove, Supermax and Kossan,” it said.

Read The Edge

Thursday, March 17, 2011

Timber-related stocks advance at mid-morning

KUALA LUMPUR: Timber-related stocks advanced on Thursday, March 17 on expectations of an increase in demand for products following the earthquake in Japan last Friday.
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Meanwhile, MIDF Research in a note March 17 said local timber companies will be the main beneficiary when Japans starts to rebuild the earthquake disaster areas as Malaysia is their largest plywood exporter accounting for 48% of Japan’s total plywood..
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“We believe the main beneficiary will be WTK and Ta Ann since these companies exposure to the Japan market is about 80-90% of their plywood sales.

“Between them, WTK has greater leverage since it is a pure timber company compared to Ta Ann whose earnings mainly comes from CPO with its plywood division registering loss due to the usage of more costly eco-friendly raw material sourced from its Tasmanian operation.

Lingui is the other beneficiary as it has close to 50% exposure to Japan’s plywood sales, it said.

Read The Edge

Wednesday, March 16, 2011

CIMB keeps FBMKLCI target at 1,700

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As for the local stock market, CIMB Research said timber and rubber glove sectors would be the biggest winners.

In contrast, the aviation, gaming and power sector would be the worst hit.

"We maintain our end-2011 KLCI target of 1,700 points and view selling pressure from the convergence of negative developments as a buying opportunities," it added. - Bernama

Read more: CIMB keeps FBMKLCI target at 1,700

Maybank IB Research keeps Petronas Chemicals (5183.KU) at Buy TP RM8.00

0631 GMT [Dow Jones] STOCK CALL: Maybank IB Research keeps Petronas Chemicals (5183.KU) at Buy with an unchanged target of MYR8.00, based on 14.4X 2011 PER.

The house says the petrochemicals producer may deliver a record profit in 2011, driven by higher demand, strong product margins and an increasing price divergence between natural products and synthetic alternatives. "High oil prices are beneficial as Petronas Chemicals' products track oil price increases with a 91% correlation," says Maybank.

In addition, as Japan is a major petrochemical producer (estimated 7.5% of Asia's total supply), "we think the earthquake and tsunami impact will cause shortages of supply which may support higher product prices," it adds. Maybank forecasts 2011E recurring net profit at MYR4.43 billion vs MYR2.94 billion in 2010. The stock is flat at MYR6.59.

Tokyo Shares Rise 5.9% After Tuesday's Slide; Recover 9000 Mark

TOKYO (Dow Jones)--Tokyo stocks pushed 5.9% higher early Wednesday after suffering their biggest one-day fall Tuesday since the Lehman shock in 2008, helped by a gain in the futures market.

The Nikkei Stock Average was recently at 9124.36 points in fairly heavy trading volume, recovering the 9000 mark, though it was some way from recouping the large losses of earlier in the week which came in the aftermath of the country's devastating earthquake and tsunami. The Nikkei slumped 10.6% on Tuesday after a 6.2% slide Monday.
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"There appears to be buying back by hedge funds following yesterday's panic-selling," said Cosmo Securities equity strategist Toshikazu Horiuchi. "But unless the nuclear power plant issues are resolved, the reconstruction efforts will not be able to start and only then can we gauge the impact on earnings." He expected trade to be volatile, pegging the Nikkei's resistance level at 9500 points.

All eyes remained on the nuclear situation, with a new fire breaking out at Tokyo Electric Power Co.'s No. 4 reactor at the Fukushima Daiichi plant in quake-ravaged northeastern Japan.

Dow Jones Newswires
March 15, 2011 20:33 ET (00:33 GMT)

Japanese crisis hits world markets

Stocks follow Japan downwards after Nikkei's biggest drop since 1987 crash as tsunami and nuclear crisis hammer markets.

Read Japanese crisis hits world markets

Tuesday, March 15, 2011

Japan Stocks Crash

The Nikkei Stock Average /quotes/comstock/64e!i:ni225 (JP:NI225 8,605, -1,015, -10.55%) is down over 13%. There are rumors of yen-selling by Japanese financial authorities. Ordinarily, these things would concern me.
See report on Japanese stocks drop.

Sunday, March 13, 2011

OSK Maintains Buy Call On WCT TP 3.75

Read Bernama

Friday, March 11, 2011

DOW TUMBLES INTO SEA OF RED

NEW YORK (CNNMoney) -- U.S. stocks plunged into a deep sea of red on Thursday, as economic fears at home and political concerns in Saudi Arabia weighed heavily on investor sentiment.

Read DOW TUMBLES INTO SEA OF RED

Thursday, March 10, 2011

AZRB gets RM145.38m East Coast highway job

KUALA LUMPUR: AHMAD ZAKI RESOURCES BHD []’s unit has secured a contract worth RM145.38 million to complete the remaining works of the Phase 2 of the East Coast highway project in Terengganu.
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AZRB said the works are to be completed on Aug 26, 2012. It said the contract was expected to contribute positively to its earnings for the financial years ending 2011 to 2012.

Read The Edge

Friday, March 4, 2011

AMMB - Its a big ship and a manually-steered ship!

09.03.11

Malaysia says open to ANZ bank doubling AMMB stake

MELBOURNE, March 4 (Reuters) - Malaysia is open to Australia & New Zealand Banking Group doubling its stake in Malaysian lender AMMB Holdings to 49 percent in a move that could encourage more foreign investment, Malaysia's prime minister said on Friday.

Read Malaysia says open to ANZ bank doubling AMMB stake

KNM Group said secured RM693m new orders in 2011

KUALA LUMPUR: KNM GROUP BHD [] said it has year-to-date secured new orders amounting to RM693 million, underpinned by the bullish sentiment in the global oil and gas industry globally as crude oil surges to record highs.

“The current order book of KNM stood at RM6.4 billion and the backlog at RM5.4 billion,” said the company, which described it as an all time for the group since it was set up,” it said on Thursday, March 3.

KNM said its tender book was RM17 billion, which it said had significantly improved compared with the trough of the sub-prime crisis which was at RM10 billion.

Executive chairman and CEO Lee Swee Eng said the group’s strong order book would keep it busy for 2011 and 2012.

Lee said the current strong order win reflected a rebound of order intake and its strong TECHNOLOGY [] product line, adding that he expected demand for process equipment to be strong as new projects come on stream in Malaysia and overseas.

Read KNM Group said secured RM693m new orders in 2011 in The Edge

Tuesday, March 1, 2011

KNM sees debt falling

CEO says recovering unit Borsig helping to bring down debt level.
Read KNM sees debt falling

WCT a buy with a target price of RM4.15 - HwangDBS Vickers Research Sdn Bhd

WCT expects to win RM2b building jobs

Distribution and Accumulation

At the top and bottom of market moves price activity slows and briefly shows a consolidation or broadening pattern.

At market tops this is a distribution pattern. Canny traders sell stock at high prices to less skilled market participants. They distribute their holdings.

At market bottoms these same canny traders accumulate stock from sellers who have given up in disgust.

These patterns are not sudden. They develop slowly, keeping prices within a temporary trading band on steady volume. When these patterns coincide with GMMA crossover points in two time frames we get additional confirmation of a major trend change.

A Personal Million Dollar Story I Don't Mind Sharing

Taken from Talk and Share

A Personal Million Dollar Story I Don't Mind Sharing

I aspire to be a millionaire!. Yes.. a millionaire. But then who doesn't?

Way back in June 2006, I started planning my route to a millionaire's club. Way back then, I did not know whether I was an investor or a trader. This seems to be the first question a newbie has to response when chatting for the first time in the talkandshare.com. Now I know I am a trader because I despise tying up my money in the stock market if it is not "growing" daily.

I began trading/investing going against two "don't" in stock market. Firstly, I used an overdraft facility of RM200,000. But at any one time I did not exceed RM180,000 so that when the monthly interest was added to the account, it did not exceed the limit. Secondly, I traded/invested in warrants only, and only one warrant at a time.

In late November 2006, with the Bursa CI trending upwards plus a little knowledge in Fundamental Analysis and almost zero in Technical Analysis, I bought 1,050,000 units of TA-WB @ 14 sen/unit and started planning on my PDA what to do when I gained RM1,000,000. Hmm.. I am a normal human being. Before I slept each night, I would check and revise the plan. Many a times, I raised the target price because I needed more than a million to fulfill my immediate needs as a new millionaire.

Every trading day I started work at my workstation at 8.30 am, took a break from 12.30 pm to 2.30 pm, and stayed back until market closed at 5.00 pm monitoring my million-dollar-to-be TA-WB. I chose TA-WB because of TA Enterprise's solid fundamental. Furthermore, there were share buybacks at that time by none other than the spouse of the Executive Chairman of the Company. "When Datin bought back mother shares, the company must be going for the better", I reasoned. When the price reached 19 sen I told my wife I made a paper profit of RM50,000. She begged me to take profit. "RM50,000 is a lot of money", she said. I told her my target was RM1,000,000.

The price kept creeping up. It reached 21 sen. I was happy and excited. Then the price started falling. "Its ok for the price to oscillate as long as its overall trend is up", I told myself. Gone were my happiness and excitement. When the price came down to 15 sen, I panicked. Sell or hold, sell or hold I asked myself. Finally I sold @ 13.5 sen. I lost RM6,800. Not only that, the interest on the overdraft kept adding up, RM1,200 a month. Later I found out that the price I sold was the lowest that day. It closed @ 15 sen.

I was not to be beaten. I believe that during a bull market it is not that difficult to gain from stock market. I believe that it is a matter of choice and timing. I scrutinized all the warrants available, checked their exercise price and expiry date, and the health of their mother shares. During the second week of January 2007, I entered the market again. This time I purchased 1,020,000 units of Asiaep-WA @ 13 sen/unit. With the TA-WB experience still fresh in my mind, I disposed all of them @ 22.5 sen the following week with a gain of RM94,900. Not bad, I told myself. If I could repeat it ten times I would achieve my target.

Late January 2007, I bought TA-WB again. This time 700,000 units @ 24 sen/unit. The next day the price of TA-WB refused to rise, so I sold @ 23.5 sen. Again I lost, this time RM5,370. I had no luck with TA-WB although I believed that TA Enterprise Berhad was a strong and profitable company with diversified business. I immediately bought Ancom-WA the same day, 350,000 units @ 22.5 sen/unit. This time I was lucky again. The warrant price gained the next day with high volume, and I sold all @ 31.5 with a profit of RM30,683.

By then the Chinese New Year was fast approaching with a two-day break, 19-20 February 2007. I was contemplating whether to buy and hold over the two-day break or to buy after the new year when daily volume on Bursa started to increase. Not to miss the bull market, I finally decided to buy and hold. So on 14 February 2007, I purchased 1,200,000 units of Insas-WA @ 17 sen/unit. It closed @ 20 sen. The next day it opened @ 21 sen, went up to 24 sen but closed @ 21 sen. On the last day before the break, it opened @21.5 sen and went up to close @ 28 sen. I smiled to myself, happy that I had made a good decision.

Come 21 February 2007 after the Chinese New Year break, Insas-WA opened gap-up @ 30.5 sen and went up all the way to close @ 53 sen. I was ecstatic at the paper gain of RM427,500. The following morning it went up to 58 sen before it succumbed to selling pressure and closed the day at 47.5 sen. I did not sell, hoping for it to go up further. The next day it opened at 47.5 sen and went down to 40 sen before closing at 43 sen. I sold the following day @ 43 sen with a gain of RM308,000.

On 27 February 2007, Bursa CI experienced a sharp drop. I then decided to take a break and went to Singapore for a holiday.

Looking back, TA-WB reached a high of RM1.21 before the sharp drop. Had I held to 1,050,000 units of TA-WB I bought in November 2006 and sold @ above RM1.15, I would have achieved my target of gaining RM1,000,000! Sigh.

38 Steps To Become A Successful Trader

I find that the following steps are true.
Credits: This article was originally posted by SK in HILT.

01 We accumulate trading information - buying books, going to seminars and researching.
02 We begin to trade with our 'new' knowledge.
03 We consistently 'donate' and then realize we may need more knowledge or information.
04 We accumulate more information.
05 We switch the commodities we are currently following.
06 We go back into the market and trade with our 'updated' knowledge.
07 We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in.
08 We start to listen to 'outside news' & other traders.
09 We go back into the market and continue to donate.
10 We switch commodities again.
11 We search for more trading information.
12 We go back into the market and continue to donate.
13 We get 'overconfident' & market humbles us.
14 We start to understand that trading successfully is going to take more time and more knowledge then we anticipated. Note: Many traders will give up at this point as they realize work is involved.
15 We get serious and start concentrating on learning a 'real' methodology.
16 We trade our methodology with some success, but realize that something is missing.
17 We begin to understand the need for having rules to apply our methodology.
18 We take a sabbatical from trading to develop and research our trading rules.
19 We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.
20 We add, subtract and modify rules as we see a need to be more proficient with our rules.
21 We go back into the market and continue to donate.
22 We start to take responsibility for our trading results as we understand that our success is in us, not the trade methodology.
23 We continue to trade and become more proficient with our methodology and our rules.
24 As we trade we still have a tendency to violate our rules and our results are erratic. We know we are close.
25 We go back and research our rules.
26 We build the confidence in our rules and go back into the market and trade.
27 Our trading results are getting better, but we are still hesitating in executing our rules.
28 We now see the importance of following our rules as we see the results of our trades when we don't follow them.
29 We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better.
30 We continue to trade and the market teaches us more and more about ourselves.
31 We master our methodology and trading rules.
32 We begin to consistently make money.
33 We begin to consistently make money.
34 We get a little overconfident and the market humbles us.
35 We continue to learn our lessons.
36 We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.
37 We are making more money then we ever dreamed to be possible.
38 We go on with our lives and accomplish many of the goals we have always dreamed of.

Reflections on Volume

Thursday, March 31, 2011

Wednesday, March 30, 2011

Tuesday, March 29, 2011

Monday, March 28, 2011

Friday, March 25, 2011

Friday, March 18, 2011

Thursday, March 17, 2011

Wednesday, March 16, 2011

Tuesday, March 15, 2011

Sunday, March 13, 2011

Friday, March 11, 2011

Thursday, March 10, 2011

Friday, March 4, 2011

Tuesday, March 1, 2011

Grandma's Trading Reference

"sel on streng buy whn weak"-yy

"Its a matter of Choice and Timing"

trade with the trend

Real traders don't care which direction the market is moving

Distribution and Accumulation

Daily Scan

Traders' Reference

General

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