Malaysia: Daily Market Commentary - 6 April

Transcription

1. Daily Note Daily Market Commentary (A Participating Organisation of Bursa Malaysia Securities Bhd) Menara TA One, 22 Jalan P Ramlee, 50250 Kuala Lumpur Tel : 603 - 2072 1277. Fax : 603 - 2032 5048 Thursday, 06 April 2017 TA Research e-mail : taresearch@ta.com.my For Internal Circulation Only KLSE Market Statistics (05.04.2017) Volume (mil) +/-chg (RMmn) Main Market 3,274.8 510.3 3,283.3 Warrants 245.2 53.5 33.4 ACE Market 911.6 -94.8 168.7 Bond 5.7 -5.3 1.0 ETF 0.1 0.07 0.2 Total 4,437.4 3,486.6 Off Market 20.6 -142.0 30.4 Value +/-chg 617.9 10.2 -11.5 -0.9 0.14 -332.6 Major Indices Index +/- chg Malaysia FBMKLCI FBMEMAS FBMSCAP April Futures Other Markets DOW JONES NASDAQ (US) FTSE (UK) NIKKEI (JAPAN) KOSPI (KOREA) HANG SENG (HK) FSSTI (S'PORE) SET (BANGKOK) JCI (JAKARTA) SHANGHAI SHENZHEN AUSTRALIA (mn) 10.0 3.6 2.6 2.5 1.0 Review & Outlook Up Down 451 253 93 47 60 50 6 3 2 0 612 353 % chg % YTD chg 1,744.67 12,446.97 17,532.27 1,746.50 -2.52 8.71 225.00 -2.50 -0.14 0.07 1.30 -0.14 6.27 8.55 19.14 6.79 20,648.15 5,864.48 7,331.68 18,861.27 2,160.85 24,400.80 3,176.55 1,582.12 5,676.98 3,270.31 2,023.20 5,876.20 -41.09 -34.13 9.86 51.02 -0.25 139.32 -2.51 -1.70 25.16 47.79 36.72 19.64 -0.20 -0.58 0.13 0.27 -0.01 0.57 -0.08 -0.11 0.45 1.48 1.85 0.34 4.48 8.94 2.64 -1.32 6.63 10.91 10.27 2.54 7.18 5.37 2.75 3.71 Top 10 KLCI Movers Based on Mkt Cap. Off Market ECONBHD TADMAX FPGROUP SEG OCR Value/ Volume 1.00 0.14 0.19 0.17 1.72 0.79 1.48 @ @ @ @ @ (RM) 2.15 0.50 0.69 1.05 0.63 Exchange Rate USD/MYR 4.4300 -0.0015 USD/JPY 110.86 0.1200 EUR/USD 1.067 -0.0011 Counter Mkt Cap. (RM’mn) MAYBANK 91,237 PBBANK 76,998 CIMB 49,308 DIGI 39,653 PETGAS 39,060 GENTING 35,228 MISC 32,675 GENM 31,176 HLBANK 28,197 KLK 26,219 Chg Vol. (RM) (mn) -0.05 12.00 -0.02 9.52 -0.01 29.11 -0.01 6.56 -0.06 1.73 -0.14 4.38 -0.01 0.57 -0.02 8.37 -0.26 0.28 -0.30 1.78 Commodities Futures Palm Oil (RM/mt) 2,634.00 68.00 Crude Oil ($/Barrel) 50.82 -0.36 Gold ($/tr.oz.) 1,257.60 -0.30 Important Dates JK GLAND - 2:1 Rights Issue - RI of up to 1,516.6m shares. JKGLAND 2 rights shares for every 1 existing share held, at an issue price of RM0.10 per rights share. Application Closed: 10/04/2017. LISTING ON: 21/04/2017. While blue chips extended profit-taking consolidation Wednesday, buying momentum picked up strongly on oil & gas related lower liners and small caps to boost retail participation. The KLCI closed 2.52 points down at 1,744.67, off an early high of 1,747.01 and low of 1,741.51, as gainers swarmed losers 612 to 353 on robust total turnover of 4.44bn shares worth RM3.48bn. The present two-tier market is expected to persist, with blue chips trading sideways while strong rotational plays on lower liners and small caps in the oil & gas and construction sectors attracting retail interest. On the index, immediate uptrend supports are at 1,730 and 1,715, the steadily rising 30 and 50-day moving averages, with 1,700 as stronger support. Immediate overhead resistances stays at 1,758, the 23.6%FR of the 1,310 to 1,896 upswing closely matching last week's high, with stronger hurdle from 1,782, the 76.4%FR of the 1,867 to 1,503 correction. Bullish momentum with daily MACD buy signal on Bumi Armada supports breakout above the 50%FR (81sen) to aim for the 61.8%FR (88sen) and 76.4%FR (97sen) ahead, while key retracement support is from the 38.2%FR (74sen). Likewise, bullish momentum on Sapura Energy should enhance upside potential, with breakout above the 50%FR (RM2.08) to target the 38.2%FR (RM2.27) and 23.6%FR (RM2.50) going forward, while good support is seen from the 61.8%FR (RM1.89). • • • • • • • • • • • • • News Bites Malaysia's exports in February jumped 26.5% to RM71.77bn, the fourth consecutive month where the exports exceeded RM70bn, faster than expected 15.1% as demand from China grew at a faster pace. The government has denied being a "trade cheat" as claimed by the US and is taking steps to review all bilateral trade activities, particularly with the country said the International Trade and Industry Minister Datuk Seri Mustapa Mohamed. WCT Holdings Bhd has clinched a RM185.9mn contract from Prasarana Malaysia Bhd to build the Johan Setia depot and undertake associated works under the LRT3 project. Aeon Co. (M) Bhd has terminated its Sales and Purchase Agreement with Genting Property Sdn. Bhd. to purchase a freehold land at Batu Pahat, Johor for RM34.8mn. Serba Dinamik Holdings Bhd announced its first batch of new contracts since its listing in February, comprising 5 contracts with a combined value of RM469.2mn. Pos Malaysia Bhd has invested RM150mn to enhance the capacity of its 2 Integrated Parcel Centres at Shah Alam and Sepang. South Korean conglomerate Lotte Group plans to list its Malaysian petrochemical unit in 3Q17, company filing show, in an IPO that sources say could raise as much as US$1.5bn. Paramount Corporation Bhd announced the development of the hotel component in its integrated development in Shah Alam, Utropolis Glenmarie. Boustead Plantation Bhd has allocated RM58mn for capex this year, the bulk of which will go towards its replanting programme. MRCB-Quill Real Estate Investment Trust eyes to maintain 98% occupancy rate this year despite the challenging economic environment. Boustead Heavy Industries Corporation Bhd is in talks with several regional armed forces to supply military ships. EPF is subscribing to a 49% equity interest in Yarra Park City Pty Ltd, which holds the development rights for an upcoming 5-acre mixeduse development project in Melbourne for A$154mn. The Institute for Supply Management's nonmanufacturing activity in the US fell to 55.2 in March from 57.6 in February. DISCLAIMER The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. for TA SECURITIES HOLDINGS BERHAD Kaladher Govindan, Head of Research
2. Technical Comments : Bullish momentum with daily MACD buy signal on Bumi Armada supports breakout above the 50%FR (81sen) to aim for the 61.8%FR (88sen) and 76.4%FR (97sen) ahead, while key retracement support is from the 38.2%FR (74sen). Likewise, bullish momentum on Sapura Energy should enhance upside potential, with breakout above the 50%FR (RM2.08) to target the 38.2%FR (RM2.27) and 23.6%FR (RM2.50) going forward, while good support is seen from the 61.8%FR (RM1.89). BUMI ARMADA RM0.815 (+0.06) Upper Middle BOLLINGER BANDS RM RM 0.79 0.74 10-day 30-day Lower RM 0.69 50-day BUY Recent Signal BUY Signal Change BUY DMI Recent Signal SAPURA ENERGY Recent Signal Signal Change BOLLINGER BANDS RM RM RM DMI RM 0.71 DAILY MACD Signal Change Upper Middle Lower SIMPLE MOVING AVERAGES RM 0.75 RM 0.74 RM2.02 (+0.01) 1.99 1.88 1.77 BUY SIMPLE MOVING AVERAGES RM 1.89 RM 1.90 RM 1.86 DAILY MACD Recent Signal BUY Signal Change 10-day 30-day 50-day Page 2 of 2