Bursa Malaysia Daily Market Report - 17 April

Transcription

1. Monday , 17 April, 2017 For Internal Circulation Only TA RESEARCH’S ‘DAILY COMPILED REPORTS’ News 1. 2. 3. Daily Market Commentary Weekly Strategy Weekly Technical Outlook Fundamental Reports 1. SP Setia Berhad: Acquiring I&P Group Technical Reports 1. Weekly Technical Stock Picks 2. Daily Money Flow Technical Stock Picks FBMKLCI Stocks Under Coverage PLANTATION Sector CONSTRUCTION Sector PROPERTY Sector 3. Weekly Ace Market Stock Watch 4. Weekly Small Cap Stock Watch 5. Weekly Stock Screen Foreign Technical Reports 1. Foreign Stock Watch (AUS) 2. Foreign Stock Watch (HK) 3. Foreign Stock Watch (FSSTI) 4. Foreign Stock Watch (US) 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research
2. 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 Monday, 17 April 2017 TA Research e-mail : taresearch@ta.com.my For Internal Circulation Only Review & Outlook KLSE Market Statistics (14.04.2017) Volume (mil) +/-chg (RMmn) Main Market 2,197.7 -385.8 1,719.0 Warrants 165.8 -1.9 17.4 ACE Market 777.6 -325.0 127.1 Bond 11.7 2.9 1.1 ETF 0.0 -0.04 0.0 Total 3,152.8 1,864.6 Off Market 173.0 -80.6 291.5 Value +/-chg -709.7 -6.7 -14.4 -0.2 -0.06 -41.2 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 DSONIC EKOVEST CHINHIN SUNWAY ARK ALAQAR BJASSET ANNJOO BIPORT ECOFIRS OCR TNLOGIS ARK-WB CARIMIN IRETEX MAXIS Up Down 133 567 17 139 19 89 2 4 0 2 171 801 % chg % YTD chg 1,730.99 12,308.12 17,151.04 1,725.50 -7.19 -75.10 -165.16 -8.00 -0.41 -0.61 -0.95 -0.46 5.44 7.34 16.55 5.50 20,453.25 5,805.15 7,327.59 18,335.63 2,134.88 24,261.66 3,169.24 1,589.50 5,616.55 3,246.07 1,986.65 5,889.95 0.00 0.00 0.00 -91.21 -13.73 0.00 0.00 0.00 0.00 -29.89 -28.02 0.00 0.00 0.00 0.00 -0.49 -0.64 0.00 0.00 0.00 0.00 -0.91 -1.39 0.00 3.49 7.84 2.59 -4.07 5.35 10.28 10.01 3.02 6.04 4.59 0.89 3.96 @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ (RM) 1.22 1.30 1.33 3.29 0.50 1.53 1.00 2.68 6.09 0.30 0.60 1.73 0.07 0.38 0.23 6.41 Counter Mkt Cap. (RM’mn) MAYBANK 91,143 TENAGA 77,437 PBBANK 76,844 SIME 63,044 PCHEM 60,800 IHH 49,720 AXIATA 45,408 PETGAS 38,546 GENTING 34,487 MISC 32,630 Chg (RM) -0.01 -0.04 -0.04 -0.01 -0.15 -0.04 -0.07 -0.08 -0.11 -0.08 The negative trend and momentum readings persisted on technical indicators since the local benchmark peaked at a 22-month high of 1,759 end March and its subsequent correction, suggesting the four-month old uptrend since the beginning of this year could be at its tail-end. This correction could be aggravated by the increased risk-off sentiment fueled by the rising temperature at geopolitical hotspots, hence investors can expect more downside volatility until geopolitical tensions dissipate. On the index, further correction should challenge the 50-day moving average support level, currently at 1,723, with a breakdown to see 1,700 as next key support. The crucial chart supports underneath are at 1,685 and 1,674, the respective 100 and 200-day moving average levels. Immediate overhead resistances stays at 1,758, the 23.6%FR of the 1,310 to 1,896 upswing closely matching the recent high. Stock-wise, we would advocate investors look for bargains on further weakness to lower and stronger retracement supports in blue chips like Alliance Finance Group, AMMB, MBSB, CIMB, IOI Corp, Sime Darby, Digi and TM for recovery play. News Bites • • • • Top 10 KLCI Movers Based on Mkt Cap. Off Market (mn) 67.5 50.0 15.0 7.2 4.1 4.0 4.0 3.0 2.8 2.5 2.5 2.0 1.9 1.8 1.6 1.0 Value/ Volume 0.78 0.10 0.16 0.10 1.84 0.59 1.69 Vol. (mn) 7.48 6.83 0.79 4.46 6.83 1.98 3.25 0.08 1.87 0.24 Important Dates PASUK GB - 1:1 Rights Issue - RI of up to 405.8m shares. SUKGB 1 rights share for every 1 existing share held, at an issue price of RM0.10 per rights share. Trading of Rights: 11/04 - 17/04/2017. Application Closed: 26/04/2017. LISTING ON: 11/05/2017. • • • • • • • SP Setia will acquire the entire equity interest in I&P Group, which has 4,263 acres of landbank, for an indicative price within the range of RM3.5bn to RM3.75bn. Petroliam Nasional Bhd is set to expand its liquefied natural gas business in China, extending its reach to the country's southern region while looking to expand the volume of supply to its existing buyers. DiGi.Com Bhd's wholly- owned unit, DiGi Telecommunications Sdn Bhd, has issued the first series of Islamic Medium-Term Notes amounting to RM900mn in nominal value. Sources say IRIS Corp Bhd has approved the entry of a new strategic investor to act as a joint-anchor alongside Felda Investment Corp Sdn Bhd to refocus on its core identification solutions business and strengthen its operations in the segment. Mitrajaya Holdings Bhd's wholly-owned unit has won a RM273.8mn contract to build a centre of excellence on Jalan Dato Onn in Kuala Lumpur. PRG Holdings Bhd, via its wholly-owned subsidiary, is exploring potential business opportunities to market halal products owned by Felcra Livestock and Agri Product Sdn Bhd in China and Hong Kong. Ikhmas Jaya Bhd has bagged a sub-contract worth RM33.81mn for a residential development project in Shah Alam. Property developer Country Heights Holdings Bhd is disposing of its 70% stake in loss-making Country Heights Education Sdn Bhd for RM105,001 to Ng Yin Ming via a management buyout. JKG Land Bhd is acquiring the remaining 50% equity interest in Inno Alliance (M) Sdn Bhd for RM11mn from Datuk Beh Heng Teong, Datuk Beh Huck Lee, Oriental Fleet Sdn Bhd and Beh Heng Seong Sdn Bhd. R&A Telecommunication Group Bhd and its wholly-owned subsidiary R&A Telecommunication Sdn Bhd have lodged a police report against its bank authorised signatories over alleged criminal breach of trust. Retail sales at U.S. stores, restaurants and online retailers decreased for the second straight month in March at 0.2% MoM, a sign economic growth eased despite strong consumer optimism and steady hiring. Exchange Rate USD/MYR 4.4073 -0.0047 USD/JPY 108.84 -0.2000 EUR/USD 1.062 -0.0015 Commodities Futures Palm Oil (RM/mt) 2,503.00 -8.00 Crude Oil ($/Barrel) 52.91 0.00 Gold ($/tr.oz.) 1,290.10 0.00 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
3. TA Securities Monday , April 17, 2017 FBMKLCI: 1,730.99 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Strategy Market View, News In Brief: Corporate, Economy, and Share Buybacks THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Kaladher Govindan Market View Tel: +603-2167 9609 kaladher@ta.com.my www.taonline.com.my Downside Volatility Prevails Until Political Tension Eases Profit-taking on blue chips and absence of strong leads from local institutional players dragged down the FTSE Bursa Malaysia Lumpur Composite Index (FMB KLCI) last week. The correction was largely sparked by the ongoing crisis in the Middle East and North Korea, after the U.S. launched a heavy bombing campaign against Islamic State positions, and ahead of a potential North Korean nuclear bomb test. In addition, traders are contemplating President Donald Trump’s fiscal and economic plans following his remarks that the dollar is getting too strong, which would eventually hurt the economy. The unease tarnished an otherwise brightening outlook for global economic growth and put equities on the defensive. For the week, the FBM KLCI slipped 10.73 points, or 0.62 percent to 1,730.99, with KLK (86sen), IOI Corp (-23sen), Petronas Gas (-22sen) and RHB Bank (-20sen) accounting for most of the losses. Average daily traded volume and value were reduced to 3.78 billion shares and 2.31 billion, compared to the 4.14 billion shares and RM3.05 billion average respectively the previous week, as trading commitments slowed due to the weak external sentiment caused by the heightened geopolitical tensions. With North Korea’s provocation continued unabated through its nuclear weapon test and the US remain agitated and determined to flex its military muscles by show of force in Syria and sending an aircraft carrier to waters off the Korean peninsula, the world is on the edge of a nuclear war that could wreak havoc and lead to massive destruction, if either party loses their cool head. North Korea has already warned a merciless response to US provocation and the situation could become really tensed if the hermit kingdom fires another test missile and the US uses its missile defense capabilities to track and intercept it. North Korea test fired another ballistic missile yesterday that was unsuccessful. If it follows suit with another test missile during its army day celebration on 25th April and the US opts to retaliate, the situation could become worse. Thus, investors may prefer to continue liquidating their profitable positions in current uncertain times and await to bottom fish when conditions turn really attractive. As such, profit taking pressure in expected to prevail and undermine any price rebounds this week. Volatility may gather pace in the coming weeks if the current tension is not neutralized and negotiations leading to a peace accord not within sight. Malaysia March CPI Could Rise Above 5% On the domestic economic front, the March CPI figure that will be revealed this Wednesday may not spring a surprise as consensus forecast of 5.2% appears realistic. While the increase in retail fuel pump prices will have its corresponding impact on the transport cost category, the increase in retail cooking oil price and global commodity prices will have high positive correlation on food prices as well. Higher CPI will lead to negative real interest rate and will keep investors guessing on the timing of next hike in Overnight Policy Rate although it is cost push. Historically, the central bank has reacted within three to six months after real interest rate has turned negative. Page 1 of 6
4. TA Securities 17-Apr-17 A Member of the TA Group A monetary tightening bias on the back of improving economy is positive for the ringgit and to mitigate net fund outflows . So far, net inflows into the equity market and buying support from local institutional fund have kept things under control when foreigners remained net sellers of Malaysian Government Securities. Bank Negara’s foreign reserves still went up by USD0.4 billion to USD95.4 billion as at end-March despite foreigners dumping RM26.2 billion worth of bonds in March. The mid-April foreign reserve data that will be revealed this Friday is expected to remain resilient on the back of weakening USD and improving prospects for the ringgit as crude oil prices continued to improve. That aside, China will release important data like 1Q17 GDP, industrial production and retails sales for March today. The numbers could turn about to be much within expectations and allay concerns about economic weakness as more signs of steady growth could emerge from its improved domestic activities and exports recovery. The US will release its housing data and Beige book, which will reveal more insights into the current economic conditions, this week. Any indications of wavering strength in its economy will add to concerns about delays in President Trump’s fiscal plans. His preference for weaker US dollar should be positive for ringgit and sustain foreign interest in the local equity market. Synergistic Acquisition by SP Setia Stock-wise, SP Setia Berhad (Buy, TP:RM4.10) should garner investor interest following news about its acquisition of I&P Group Sdn Bhd and a parcel of land in Bangi. The merger would benefit both property developers as there will be synergistic values arising from combination of landbank and staff strength. With the acquisition SP Setia is set to become the third largest property developer by landbank in Malaysia with close to 10,000 acres, just behind Sime Darby Property (28,000 acres) and UEM Sunrise Bhd (13,000 acres). In addition, the press also reported that the combined GDV of both companies is expected to hit a whopping RM122bn. In terms of valuation, the indicative price of RM3.5bn-3.75bn translates to 1.1x – 1.2x I&P’s 2016 audited net asset value of RM3.16bn, which is comparable to SP Setia’s 1.1x. Meanwhile, the indicative acquisition price and I&P’s estimated GDV of RM45.5bn would imply a market price/GDV ratio of 0.08x. This suggests that I&P‘s valuation is attractive if we compare it with SP Setia’s current market cap/GDV ratio of 0.13x. (Please see attached report on SP Setia Berhad for more details) Page 2 of 6
5. TA Securities 17-Apr-17 A Member of the TA Group News In Brief Corporate Permodalan Nasional Bhd (PNB) will see the merger of both its property investments, SP Setia Bhd and I&P Group Sdn Bhd, to form one of the largest property company in Malaysia with a landbank of close to 10,000 acres. SP Setia, PNB and Amanahraya Trustees Bhd (as trustee for Amanah Saham Bumiputera) entered into a non-binding memorandum of intent to commence negotiations on the proposed acquisition by SP Setia of the entire equity interest in I&P Group, which has 4,263 acres of landbank, for an indicative price within the range of RM3.5bn to RM3.75bn. (Bursa Malaysia) Petroliam Nasional Bhd is set to expand its liquefied natural gas business in China, extending its reach to the country’s southern region while looking to expand the volume of supply to its existing buyers. (Bernama) DiGi.Com Bhd's wholly- owned unit, DiGi Telecommunications Sdn Bhd (DiGitel), has issued the first series of Islamic Medium-Term Notes (IMTN) amounting to RM900mn in nominal value. The proceeds from the first IMTN series would be used for general corporate purposes of DiGitel and/or its subsidiaries which shall be syariah-compliant. (Bursa Malaysia) IRIS Corp Bhd is roping in a new strategic partner as part of its plans to refocus on its core identification solutions business and strengthen its operations in the segment. A source familiar with the matter said Iris board has approved the entry of a new investor to act as a joint-anchor alongside Felda Investment Corp Sdn Bhd (FIC). FIC has a 21.3% stake in IRIS. (The Edge) Comment: No official announcements have been made regarding the entry of a new strategic partner. However, if this occurs, a new anchor investor could potentially provide stability to the group and help raise necessary capital required for its corporate restructuring plan. We are positive on plans to refocus attention on the group’s core business and divestment of noncore assets. Pending further clarity from management, we revise our call on IRIS to Under Review with an unchanged TP of RM0.135/share. Mitrajaya Holdings Bhd’s wholly-owned unit has won a RM273.8mn contract to build a centre of excellence on Jalan Dato Onn in Kuala Lumpur. Pembinaan Mitrajaya Sdn Bhd was awarded the contract by STF Resources Sdn Bhd, which is wholly-owned by the Staff Training Fund (a collaboration between Bank Negara Malaysia and the Asian Institute of Chartered Bankers). (Bursa Malaysia) PRG Holdings Bhd, which is involved in property development, construction and manufacturing businesses, is tapping into international halal markets via its wholly-owned subsidiary Premier International Marketing Sdn Bhd (PIM). PIM will enter into a memorandum of understanding with Felcra International Private Ltd and Overseas Investment Union of The Investment Association of China on April 16, 2017 to explore potential business opportunities to market halal products owned by Felcra Livestock and Agri Product Sdn Bhd in China and Hong Kong. (The Edge) Piling and foundation services provider Ikhmas Jaya Bhd has bagged a sub-contract worth RM33.81mn for a residential development project in Shah Alam. Its wholly-owned unit Ikhmas Jaya Sdn Bhd received a letter of intent from Jack-(In) Pile (M) Sdn Bhd to undertake piling and substructure works for the project. (Bursa Malaysia) Property developer Country Heights Holdings Bhd is disposing of its 70% stake in lossmaking Country Heights Education Sdn Bhd for RM105,001. It is selling the stake to Ng Yin Ming via a management buyout. Upon completion of the disposal, Country Heights Page 3 of 6
6. TA Securities 17-Apr-17 A Member of the TA Group Education shall cease to be a subsidiary of the company . (Bursa Malaysia) JKG Land Bhd is set to boost its presence in Kedah with the acquisition of the remaining 50% equity interest in Inno Alliance (M) Sdn Bhd, which owns a plot of land in Kulim, Kedah. JKG together with its wholly-owned subsidiary Keladi Kulim Sdn Bhd are acquiring the stake for RM11mn from Datuk Beh Heng Teong, Datuk Beh Huck Lee, Oriental Fleet Sdn Bhd and Beh Heng Seong Sdn Bhd. (Bursa Malaysia) R&A Telecommunication Group Bhd and its wholly-owned subsidiary R&A Telecommunication Sdn Bhd (RASB) have lodged a police report against its bank authorised signatories over alleged criminal breach of trust. The report was filed on April 5 based on two cases. In the first case, two of its signatories allegedly paid RM4.2mn from the group to RASB on April 1, 2014 without the board's authorisation. In the second incident, one of RASB's signatories allegedly paid RM4.2mn from the company to Info Genetic Sdn Bhd, a company which R&A said has no business relations with it or RASB. (Bursa Malaysia) Reach Energy Bhd executive director Shahul Hamid Mohd Ismail has been redesignated to the newly created post of chief executive officer with immediate effect. Shahul was redesignated to the post of executive director from managing director on Jan 24. (Bursa Malaysia) Vizione Holdings Bhd returned to the black in 3QFY17 with a net profit of RM152,000, against a net loss of RM513,000 a year earlier. For 9MFY17, Vizione reported a net profit of RM415,000, compared with a net loss of RM548,000 in the previous corresponding period. Revenue rose 12.95% to RM33.05mn, from RM29.26mn, mainly due to higher billings from construction activities in Tawau and Kota Belud in Sabah. (Bursa Malaysia) Page 4 of 6
7. TA Securities 17-Apr-17 A Member of the TA Group News In Brief Economy Asia Business Confidence Higher in Q1 Despite Ringgit Worries Malaysia 's business sector's confidence in the economy increased in the first quarter of 2017 due to rising commodity prices and trade prospects, says a survey. However, the latest edition of the Global Economic Conditions Survey of global CFOs and finance professionals showed the potential for future exchange rate fluctuations for the ringgit was of concern for businesses in Malaysia. On the external front, global economic sentiment was its highest levels since 2015 amid promising signs of a sustained recovery, according to the survey which was conducted by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants. The rise has been spearheaded by an increasingly confident outlook in North America and is reflected across leading developed and emerging markets. In particular, there has been the fastest rate of growth in global trade since 2015. Amid global inflationary pressures, however, the potential for future exchange rate fluctuations for the ringgit is an area of concern for businesses in Malaysia. The survey found that inflationary fears are putting pressure on global economies, with nearly half (46%) of firms reporting increasing costs as a cause for concern. Despite this there are significant improvements for employment and investment, with 22% of firms planning to create more jobs and raise capital expenditure (up from 16% and 14% respectively in Q4 2016). (The Star) China GDP Growth Likely to Stabilize in Q1 China's economy is expected to grow at a steady pace in the first quarter on government spending and robust exports. Economists expect gross domestic product to climb by 6.8 percent in the first quarter, as seen in the final three months of 2016. The National Bureau of Statistics is scheduled to issue quarterly national accounts data on April 17. The government had lowered its growth target for 2017 to about 6.5 percent. China achieved 6.7 percent growth in 2016, in line with the 6.5-7 percent expansion the government had targeted. However, this was the weakest growth in 26 years. The economy has continued its slowdown as the administration tries to shift the reliance from exports to consumption. In a report released this week, the World Bank forecast China's growth to continue easing steadily, to 6.5 percent in 2017 and 6.3 percent in 2018-19. The moderation in growth reflects the impact of the government's measures to reduce excess capacity and credit expansion, the lender said. (The Star) U.S. U.S. Consumer Prices Fall 0.3% in March Consumer prices declined broadly in March, a surprising sign of fading inflationary pressure after months of firming price growth across the U.S. economy. The consumer-price index, which measures what Americans pay for everything from chewing gum to haircuts, declined a seasonally adjusted 0.3% in March from the prior month, the Labor Department said Friday. Excluding the often-volatile categories of food and energy, so-called core prices fell 0.1% from February. It was the first monthly decline for core prices since January 2010 and the steepest drop for overall prices since January 2015. Economists surveyed by The Wall Street Journal had expected a flat reading for overall prices and a 0.2% rise for core prices. Annual inflation, lifted in recent months by a rebound in energy prices, appeared to moderate headed into the spring. Consumer prices rose 2.4% in March from a year earlier, down from 2.7% annual growth in February. Core prices were up 2.0% on the year in March, the weakest annual reading since November 2015. Compared with February, prices fell in March for gasoline, motor vehicles, clothing and wireless-telephone services. Prices rose last month for food, medical care and shelter, though rents rose more slowly than they have in recent years. (The Wall Street Journal) U.S. Retail Sales Fall for Second Straight Month U.S. retail sales fell for the second straight month in March, a sign economic growth eased to start the year despite strong consumer optimism and steady hiring. Sales at U.S. stores, restaurants and online retailers decreased in March 0.2% from the prior month, the Commerce Department said Friday. February sales were revised down to a 0.3% decrease Page 5 of 6
8. TA Securities 17-Apr-17 A Member of the TA Group from an initial estimate of a 0 .1% gain.Those were the weakest consecutive declines for retail spending since the first two months of 2015. “The market in the U.S. in particular continues to be challenged,” Jerry Storch, the chief executive of Saks Fifth Avenue and Lord & Taylor parent Hudson’s Bay Co. , told investors earlier this month. “We’re planning as if the environment is not going to improve.” The high-end retailer is looking to reduce costs in anticipation of weaker-than-expectedsales. Uneven retail spending stands in contrast to soaring measures of consumer confidence, steady hiring early this year, and improvements in the stock market—though financial-market gains have plateaued since early March. The University of Michigan’s consumer sentiment measure, released Thursday, is near the highest level in more than a decade, and the index’s measure of current conditions in early April touched the highest mark since 2000. (The Wall Street Journal) U.S. Business Inventories Rise In Line With Estimates In February Business inventories in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.3 percent in February, matching the increase seen in January as well as expectations. Wholesale inventories rebounded after declining in the previous month, climbing by 0.4 percent in February after dipping by 0.2 percent in January. The report said retail inventories also rose by 0.3 percent in February after advancing by 0.9 percent in January, while manufacturing inventories edged up by 0.2 percent after rising by 0.3 percent. Additionally, the Commerce Department said business sales crept up by 0.2 percent in February following a 0.3 percent increase in January. Wholesale sales climbed by 0.6 percent and manufacturing sales rose by 0.3 percent, although retail sales fell by 0.3 percent. With inventories and sales both rising, the total business inventories/sales ratio came in at 1.35 in February, unchanged from January. (RTT News) Share Buy-Back: 14 Apr 2017 Company SNTORIA UNIMECH Bought Back Price (RM) Hi/Lo (RM) 50,000 5,000 0.82/0.80 1.08/1.07 0.825/0.795 1.08/1.05 Total Treasury Shares 2,131,000 6,210,210 Source: Bursa Malaysia TA RESEARCH – Remisiers’ Briefing Topic: Weekly Market Outlook Speaker: Kaladher/ Stephen Soo Venue: Auditorium, 10th Floor Menara TA One Date: 17 Apr 2017 (Today) Time: 12.40pm 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 6 of 6
9. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company AUTOMOBILE BAUTO MBMR UMW Share Price (RM) 14-Apr-17 2.12 2.40 6.01 Target Price BETA (RM) EPS (sen) PER (X) FY17 FY18 FY17 FY18 Div Yield (%) 52weeks 52weeks FY17 FY18 High Price % Chg Low Price % Chg % Chg YTD 2.36 2.04 5.12 0.97 0.56 1.21 10.8 22.7 17.7 15.8 23.8 27.6 19.7 10.6 34.0 13.5 10.1 21.8 5.6 3.8 1.8 7.4 3.8 3.0 2.44 2.70 7.00 -13.1 -11.1 -14.1 1.95 1.95 4.43 8.7 23.1 35.7 -0.5 12.1 31.5 4.10 3.40 5.40 6.10 15.80 9.20 22.10 4.70 8.50 1.26 0.93 1.26 1.32 0.66 0.93 0.80 1.27 0.70 35.8 29.4 46.4 50.6 101.3 73.7 136.6 49.0 36.4 37.7 33.1 50.6 55.6 109.8 82.8 140.4 51.7 38.2 11.0 9.5 10.4 10.6 13.5 12.1 14.6 10.3 26.1 10.5 8.4 9.6 9.7 12.5 10.8 14.2 9.8 24.9 3.8 2.9 3.3 3.8 3.0 5.6 2.8 2.4 3.6 3.8 2.9 3.7 4.1 3.0 5.6 2.9 2.4 3.6 4.23 2.92 5.03 5.83 14.00 9.16 20.28 5.39 10.00 -6.6 -4.8 -3.6 -7.7 -2.1 -2.3 -1.9 -6.1 -4.9 3.60 2.08 3.90 4.11 12.70 7.50 18.52 4.43 8.20 9.7 33.7 24.4 30.8 7.9 19.3 7.5 14.2 16.0 6.2 16.3 12.5 19.3 1.5 9.1 0.9 7.4 7.5 0.44 1.26 5.10 3.48 0.71 1.84 1.96 5.99 0.49 1.45 5.49 3.27 0.58 1.90 1.50 5.58 0.81 0.71 1.04 1.08 1.15 na 1.03 0.14 5.9 12.8 31.6 16.8 9.6 12.6 12.8 44.3 5.9 13.1 36.4 20.9 9.9 12.5 12.7 45.8 7.5 9.8 16.1 20.7 7.4 14.6 15.3 13.5 7.5 9.6 14.0 16.6 7.2 14.7 15.4 13.1 0.0 2.2 2.4 2.7 1.4 3.0 1.5 4.2 2.3 2.2 2.4 2.7 1.4 3.0 1.5 4.2 0.51 1.35 5.33 3.61 0.75 1.87 2.14 6.13 -13.7 -6.8 -4.3 -3.6 -5.3 -1.6 -8.4 -2.3 0.36 0.78 4.59 3.07 0.41 1.42 1.41 5.02 22.2 61.5 11.1 13.4 75.3 29.6 39.0 19.3 1.1 20.0 6.7 8.7 23.5 8.2 13.3 1.9 1.98 2.00 0.47 15.4 15.6 12.8 12.7 5.1 5.1 2.40 -17.5 1.93 2.6 -1.5 14.98 17.84 15.41 21.08 0.57 0.59 69.6 93.1 77.5 21.5 101.9 19.2 19.3 17.5 4.6 4.7 5.2 5.1 15.20 18.74 -1.4 -4.8 12.38 14.56 21.0 22.5 7.6 8.9 2.38 7.54 23.90 80.34 2.95 1.76 4.66 0.95 2.23 9.59 26.14 83.60 3.76 2.74 4.17 1.10 0.46 0.34 0.34 0.38 0.48 0.70 0.46 0.56 6.5 35.9 102.6 288.8 22.3 25.1 12.7 9.3 7.5 40.5 124.5 313.3 24.7 25.3 15.8 12.8 36.6 21.0 23.3 27.8 13.2 7.0 36.7 10.3 31.5 18.6 19.2 25.6 11.9 7.0 29.6 7.4 0.8 4.0 2.6 3.5 5.1 4.5 1.0 5.3 1.0 5.0 3.1 3.8 5.8 4.5 1.1 5.3 3.00 9.53 27.00 81.98 3.08 2.04 4.72 1.07 -20.7 -20.9 -11.5 -2.0 -4.2 -13.7 -1.3 -11.0 2.11 7.30 20.18 74.12 1.92 1.43 4.14 0.78 12.8 3.3 18.4 8.4 53.8 23.1 12.5 21.8 -7.4 2.9 1.8 2.7 15.7 1.7 7.6 19.5 46.80 54.22 1.02 271.1 271.8 17.3 17.2 5.6 5.6 55.64 -15.9 40.31 16.1 6.0 9.25 5.63 10.34 6.10 1.34 1.26 45.0 25.7 50.9 27.9 20.6 21.9 18.2 20.2 0.5 1.4 0.6 1.6 9.90 5.81 -6.6 -3.1 7.50 4.17 23.4 34.9 16.4 24.6 2.82 0.12 3.81 0.10 0.72 1.28 22.1 0.2 24.6 0.3 12.8 53.3 11.4 39.7 5.7 0.0 6.7 0.0 3.42 0.13 -17.5 -7.7 2.81 0.05 0.4 140.0 -4.7 140.0 6.04 4.00 6.40 4.61 0.78 0.49 13.9 13.3 17.9 16.5 43.5 30.0 33.7 24.3 0.7 1.5 0.7 1.9 6.79 4.37 -11.0 -8.5 5.78 3.85 4.5 3.9 -4.9 -4.3 4.92 6.17 1.97 4.88 2.06 4.50 6.80 1.90 5.05 2.55 0.55 0.11 0.36 -0.21 0.29 18.2 35.8 16.2 26.6 4.3 21.2 40.5 18.2 30.2 7.1 27.1 17.2 12.2 18.3 48.0 23.2 15.2 10.8 16.1 29.2 1.7 2.9 2.5 2.7 0.5 1.9 3.3 2.8 3.1 0.9 5.03 7.07 2.88 5.45 2.68 -2.2 -12.7 -31.6 -10.5 -23.1 3.81 5.90 1.94 4.20 1.96 29.1 4.6 1.5 16.2 5.1 1.9 -6.4 -6.6 -8.8 -12.7 INDUSTRIAL SCIENTX SKPRES 7.91 1.28 8.50 1.75 0.53 0.51 75.3 8.8 83.0 13.7 10.5 14.5 9.5 9.4 2.7 3.4 3.0 5.3 8.01 1.44 -1.2 -11.1 5.75 1.12 37.6 14.3 18.1 -0.8 MEDIA ASTRO MEDIA PRIMA STAR 2.69 1.18 2.35 3.20 0.85 1.95 1.03 0.68 0.59 13.3 7.7 15.0 14.5 8.0 15.8 20.3 15.2 15.7 18.6 14.8 14.9 4.6 5.2 7.7 4.8 5.4 7.7 3.01 1.52 2.70 -10.6 -22.4 -13.0 2.56 1.00 2.20 5.1 18.0 6.8 3.5 2.6 4.9 OIL & GAS EATECH MHB MISC PANTECH PCHEM SENERGY UMWOG UZMA 0.64 0.98 7.31 0.62 7.60 1.99 0.64 1.94 0.45 0.96 8.16 0.52 7.91 2.02 0.54 1.40 0.91 1.78 0.84 1.26 1.13 2.43 1.95 1.38 11.5 -0.4 50.6 3.7 34.7 5.2 -14.7 11.3 11.9 1.1 57.1 4.3 39.3 7.8 -12.4 12.2 5.5 na 14.4 16.5 21.9 38.0 na 17.2 5.3 87.3 12.8 14.3 19.3 25.5 na 15.9 0.0 0.0 4.1 2.4 2.5 0.5 0.0 0.0 0.0 0.0 4.1 2.8 2.5 0.5 0.0 0.0 1.18 1.34 9.00 0.64 7.80 2.10 1.04 2.04 -46.2 -27.2 -18.8 -3.1 -2.6 -5.2 -38.9 -4.9 0.45 0.84 6.88 0.44 5.95 1.29 0.61 1.30 42.7 16.1 6.2 41.4 27.7 54.3 5.0 49.2 2.4 6.6 -0.5 38.2 8.9 22.8 -27.4 14.1 BANKS & FINANCIAL SERVICES AFG 3.95 AFFIN 2.78 AMBANK 4.85 CIMB 5.38 HLBANK 13.70 MAYBANK 8.95 PBBANK 19.90 5.06 RHBBANK BURSA 9.51 CONSTRUCTION BPURI GADANG GAMUDA IJM SENDAI SUNCON WCT LITRAK Building Materials WTHORSE CONSUMER Brewery CARLSBG HEIM Retail AEON AMWAY F&N NESTLE PADINI POHUAT QL SIGN Tobacco BAT GAMING Casino GENTING GENM NFO BJTOTO LUSTER HEALTHCARE Hospitals IHH KPJ Rubber Gloves HARTA KOSSAN SUPERMX TOPGLOV KAREX
10. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company Share Price (RM) PLANTATIONS FGV IJMPLNT IOICORP KLK SIME UMCCA Target Price BETA (RM) EPS (sen) PER (X) FY17 FY18 FY17 FY18 Div Yield (%) 52weeks 52weeks FY17 FY18 High Price % Chg Low Price % Chg % Chg YTD 1.98 3.10 4.40 23.82 9.27 6.20 1.53 3.88 3.93 22.75 8.24 7.52 1.75 0.45 1.07 0.94 1.26 0.50 6.3 13.7 18.7 111.8 30.8 32.7 11.1 15.7 21.1 119.1 35.3 34.5 31.2 22.6 23.5 21.3 30.1 18.9 17.8 19.7 20.9 20.0 26.2 18.0 2.5 2.3 2.3 2.3 2.4 2.6 2.5 2.6 2.7 2.5 3.0 2.7 2.52 3.70 4.81 25.50 9.55 6.51 -21.4 -16.2 -8.5 -6.6 -2.9 -4.8 1.31 3.10 4.07 22.62 7.10 5.53 51.1 0.0 8.1 5.3 30.6 12.1 27.7 -8.8 0.0 -0.8 14.4 3.3 0.71 1.07 0.96 2.03 1.47 0.83 3.55 3.29 0.69 1.09 1.00 2.10 1.60 0.80 4.10 3.40 0.65 0.63 0.34 0.92 0.69 0.31 0.67 0.49 3.4 20.0 7.3 14.7 14.5 6.4 27.8 31.2 7.0 17.4 11.2 15.3 12.5 9.7 24.7 33.3 20.6 5.4 13.1 13.8 10.1 13.0 12.8 10.5 10.1 6.1 8.6 13.2 11.8 8.5 14.4 9.9 5.6 3.7 3.7 3.4 4.1 1.2 3.9 3.6 5.6 3.3 4.2 3.7 3.7 1.2 3.9 3.6 0.83 1.43 1.08 2.46 1.70 1.00 3.63 3.32 -14.5 -25.3 -11.6 -17.5 -13.5 -17.5 -2.2 -0.9 0.68 1.05 0.91 1.85 1.34 0.69 2.80 2.84 4.4 1.9 4.9 9.9 9.7 19.6 26.8 15.8 2.2 -5.3 -4.5 4.1 2.8 3.1 13.4 9.7 1.70 1.60 1.79 1.78 0.53 0.62 8.9 8.1 10.1 8.5 19.2 19.8 16.8 18.8 5.2 5.6 5.9 5.9 1.84 1.72 -7.6 -7.0 1.57 1.43 8.3 11.9 -1.2 4.6 POWER & UTILITIES MALAKOF PETDAG PETGAS TENAGA YTLPOWR 1.23 24.00 19.48 13.70 1.51 1.45 20.19 19.64 17.19 1.81 0.71 0.77 0.78 1.02 0.59 6.9 98.4 89.4 133.8 8.8 8.3 102.3 91.6 132.7 10.6 17.8 24.4 21.8 10.2 17.3 14.9 23.5 21.3 10.3 14.3 5.7 3.0 3.2 4.2 6.6 4.7 3.2 3.3 2.9 6.6 1.80 25.70 22.66 14.90 1.64 -31.7 -6.6 -14.0 -8.1 -7.9 1.14 22.16 19.48 13.00 1.38 7.9 8.3 0.0 5.4 9.4 -10.2 0.8 -8.5 -1.4 1.3 TELECOMMUNICATIONS AXIATA DIGI MAXIS TM 5.06 5.10 6.42 6.40 5.25 4.90 5.95 6.95 1.27 0.96 0.72 0.67 17.0 20.8 25.1 21.4 17.9 21.1 25.4 22.3 29.7 24.5 25.6 29.8 28.2 24.2 25.2 28.7 1.7 4.1 3.1 3.0 1.8 4.1 3.1 3.1 5.99 5.19 6.49 6.90 -15.5 -1.7 -1.1 -7.2 4.11 4.31 5.36 5.81 23.1 18.3 19.8 10.2 7.2 5.6 7.4 7.6 TECHNOLOGY Semiconductor & Electronics IRIS 0.16 INARI 1.90 MPI 10.80 UNISEM 2.96 0.14 2.35 12.00 3.55 1.34 0.76 0.48 0.79 -1.1 10.4 84.3 26.9 0.8 12.4 96.6 29.1 na 18.3 12.8 11.0 19.3 15.3 11.2 10.2 0.0 2.2 2.1 4.1 0.0 2.6 2.1 4.1 0.24 2.13 12.22 3.30 -33.3 -10.8 -11.6 -10.3 0.10 1.28 6.86 2.12 60.0 48.2 57.4 39.6 45.5 14.5 45.7 25.4 3.05 7.10 3.02 7.68 1.17 1.45 40.3 9.8 41.9 10.2 7.6 72.1 7.3 69.8 1.3 1.4 1.6 1.4 3.30 7.31 -7.6 -2.9 1.88 5.76 62.2 23.3 33.2 17.2 1.77 4.06 1.88 4.51 0.84 0.68 15.4 19.3 21.5 17.4 11.5 21.0 8.2 23.3 3.1 3.6 4.0 3.2 1.87 4.59 -5.3 -11.5 1.23 3.74 43.9 8.6 11.3 -5.6 PROPERTY GLOMAC HUAYANG IBRACO IOIPG MAHSING SNTORIA SPSETIA SUNWAY REIT SUNREIT CMMT TRANSPORTATION Airlines AIRASIA AIRPORT Freight & Tankers TNLOGIS WPRTS SNAPSHOT OF FOREIGN STOCKS UNDER COVERAGE Company Share Price (S$) BANKS & FINANCIAL SERVICES DBS 19.09 OCBC 9.68 UOB 21.89 PLANTATIONS WILMAR IFAR 3.51 0.49 Target Price Beta (S$) EPS (cent) PER (X) FY17 FY18 FY17 FY18 Div Yield (%) 52week 52week FY17 FY18 High Price % Chg Low Price % Chg % Chg YTD 16.70 8.50 19.40 1.21 1.12 1.08 173.8 87.8 195.7 190.2 11.0 92.5 11.0 209.4 11.2 10.0 10.5 10.5 3.1 5.7 3.2 3.1 6.7 3.2 19.4 9.8 22.2 -1.7 -1.0 -1.2 14.63 8.84 17.41 30.5 17.9 25.7 10.1 8.5 7.3 3.45 0.51 0.91 1.10 28.9 3.9 31.1 4.3 11.3 11.5 2.3 2.0 2.6 2.1 4.0 0.6 -12.3 -17.6 2.96 0.44 18.6 11.4 -2.2 -6.7 12.1 12.5 BUY : Total return within the next 12 months exceeds required rate of return by 5%-point. HOLD : Total return within the next 12 months exceeds required rate of return by between 0-5%-point. SELL : Total return is lower than the required rate of return. Total Return is defined as expected share price appreciation plus gross dividend over the next 12 months. Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium.
11. T e c h n i c a l TA Securities V i e w Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Technical Outlook FBM KLCI: 1,730.99 (-10.73, -0.62%) THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist : Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Further Correction as Geopolitical Risks Increase Profit-taking on blue chips and absence of strong leads from local institutional players dragged down the FTSE Bursa Malaysia Lumpur Composite Index (FMB KLCI) last week. The correction was largely sparked by the ongoing crisis in the Middle East and North Korea, after the U.S. launched a heavy bombing campaign against Islamic State positions, and ahead of a potential North Korean nuclear bomb test. In addition, traders are contemplating President Donald Trump’s fiscal and economic plans following his remarks that the dollar is getting too strong which would eventually hurt the economy. The unease tarnished an otherwise brightening outlook for global economic growth and put equities on the defensive. For the week, the FBM KLCI slipped 10.73 points, or 0.62 percent to 1,730.99, with KLK (86sen), IOI Corp (-23sen), Petronas Gas (-22sen) and RHB Bank (-20sen) accounting for most of the losses. Average daily traded volume and value were reduced to 3.78 billion shares and 2.31 billion, compared to the 4.14 billion shares and RM3.05 billion average respectively the previous week, as trading commitments slowed due to the weak external sentiment caused by the heightened geopolitical tensions. Bursa Malaysia shares slid lower on cautious trade Monday, in line with weaker regional markets as increased geopolitical tensions kept investors on the tenterhooks. The KLCI fell 2.2 points to close at 1,739.52, off an early high of 1,741.68 and low of 1,736.72, as losers beat gainers 468 to 430 on total turnover of 3.66bn shares worth RM2.1bn. Stocks stayed in correction mode the following day, falling in line with weaker regional markets as rising tensions in the Middle East and political uncertainty in Europe kept investors on edge. The KLCI fell 3.68 points to close at 1,735.84, off an early high of 1,740.13 and low of 1,733.79, as losers beat gainers 569 to 358 on total turnover of 4.23bn shares worth RM2.57bn. Shares were stuck in range bound trade Wednesday, but late strength on selective blue chip heavyweights lifted the index to close higher, ignoring the weaker regional tone dampened by lingering geopolitical concerns. The KLCI ended 8.24 points up at the day’s high of 1,744.08, off an opening low of 1,735.06, as losers beat gainers 506 to 427 on total turnover of 4.02bn shares worth RM2.4bn. Stocks fell the next day, weighed down by index-linked plantation stocks and selected blue-chip heavyweights and in tandem with regional weakness as investors assessed President Donald Trump's comments on the dollar and the ongoing geopolitical landscape. The KLCI fell 5.90 points to close at 1,738.18, off an opening high of 1,743.34 and low of 1,735.69, as losers swarmed gainers 765 to 220 on total turnover of 3.86bn shares worth RM2.59bn. The local market extended losses on Friday, dragged by regional falls as geopolitical tensions increased after the US attacked ISIS targets in Afghanistan and warned of pre-emptive strikes on North Korea. The index tumbled 7.19 points to close at 1,730.99, off an early high of 1,736.88 and low of 1,730.51, as losers bashed gainers 801 to 171 on reduced turnover of 3.15bn shares worth RM1.86bn. Trading range for the blue-chip benchmark index last week was at 13.57 points, as compared to the 10.98-point range the previous week. For the week, the FBM-EMAS Index shed 105.24 points or 0.85 percent to 12,308.12, while the FBM-Small Cap Index lost 355.98 points, or 2.03 percent to 17,151.04, as small cap stocks retraced for profit-taking corrections. Page 1 of 3
12. TA Securities 17-Apr-17 A Member of the TA Group Following last week ’s sustained selling momentum, the daily slow stochastic momentum indicator for the FBM KLCI stayed under pressure in the oversold region (Chart 1), while the weekly indicator issued a bearish hook-down sell signal from the overbought level. The 14day Relative Strength Index (RSI) indicator crossed below 50 to a four-month low reading at 46.54, while the 14-week RSI hooked down for a second week to a softer reading of 62.87 as of last Friday. Chart 1 Meantime, the daily Moving Average Convergence Divergence (MACD) signal line expanded negatively to suggest sustained bearish momentum, while the uptrend momentum on the weekly MACD indicator showed fresh weakness. (Chart 2). The +DI and -DI lines on the 14day Directional Movement Index (DMI) trend indicator are contracting on a falling ADX line, signaling a potential end to the uptrend since the beginning of the year. Chart 2 Page 2 of 3
13. TA Securities 17-Apr-17 A Member of the TA Group Conclusion The negative trend and momentum readings persisted on technical indicators since the local benchmark peaked at a 22-month high of 1 ,759 end March and its subsequent correction, suggesting the four-month old uptrend since the beginning of this year could be at its tail-end. This correction could be aggravated by the increased risk-off sentiment fueled by the rising temperature at geopolitical hotspots, hence investors can expect more downside volatility until geopolitical tensions dissipate. On the index, further correction should challenge the 50-day moving average support level, currently at 1,723, with a breakdown to see 1,700 as next key support. The crucial chart supports underneath are at 1,685 and 1,674, the respective 100 and 200-day moving average levels. Immediate overhead resistances stays at 1,758, the 23.6%FR of the 1,310 to 1,896 upswing closely matching the recent high. Stock-wise, we would advocate investors look for bargains on further weakness to lower and stronger retracement supports in blue chips like Alliance Finance Group, AMMB, MBSB, CIMB, IOI Corp, Sime Darby, Digi and TM for recovery play. Chart 3 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 3 of 3
14. TA Securities COMPANY UPDATE Monday 17 April 2017 FBMKLCI : 1,730.99 A Member of the TA Group Sector: Property MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 TP: RM4.10 (+15.5%) SP Setia Berhad Last Traded: RM3.55 Acquiring I&P Group Buy THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Thiam Chiann Wen +603-21679615 cwthiam@ta.com.my Last Friday, SP Setia entered into two deals, which will enable the group to become one of the largest land owner in Malaysia. Deal 1: Proposed Acquisition of I&P SP Setia, Permodalan National Berhad (PNB), and Amanahraya Trustees Berhad (as trustee for Amanah Saham Bumiputera) had entered into a non-binding Memorandum of Intent to initiate negotiations on the proposed acquisition of I&P Group Sdn Bhd (I&P) by SP Setia. The indicative price for the proposed acquisition of the entire interest in I&P is estimated to be within the range of RM3.5bn to RM3.75bn. However, the final purchase price will be determined after a due diligence process, which will involve SP Setia engaging independent valuers to value all the land, on-going projects and investment properties owned by I&P. According to the announcement, the proposed acquisition will be funded by a combination of equity, internally generated funds and borrowings. The proposed acquisition is expected to be completed within 9 to 12 months. Deal 2: Proposed Acquisition of Bangi Land Separately, SP Setia had also entered into a conditional sale and purchase agreement with Seriemas Development Sdn. Berhad (a 60% owned subsidiary of PNB Development Sdn. Berhad) to acquire from the latter, a parcel of land measuring approximately 342.5 acres located in Bangi, Selangor known as Bangi Estate for a purchase price of approximately RM447.58mn (or RM30 psf). In addition, Seriemas development will entitle a share of the future audited profit before taxation from the development of the land, up to a maximum of RM3.00 per square foot. The proposed acquisition is expected to be completed by 4Q2017. More about the land in Bangi Bangi Land is located near Bandar Baru Bangi, Kajang and Semenyih, which is accessible via several major highways namely Kajang-Seremban Highway (LEKAS), North-South Expressway (PLUS) and South Klang Valley Expressway (SKVE). It is approximately 30 km south-east of the city centre of Kuala Lumpur and approximately 25 km from Kuala Lumpur International Airport (KLIA). In addition, the land is also located within a 5-km radius from SP Setia’s existing two sister mixed development townships, namely Setia Ecohill and Setia Ecohill 2 – see Figure 1. We gather that the company has plans to develop the land into a mixed development township with a potential GDV of approximately RM2.7bn. The township is expected to have a development period of 8 years, with first launch targeted in 2019. Reasonable Price Tag for Bangi Land We believe the acquisition cost of RM33psf (including the RM3 psf profit sharing) is fair vis-à-vis the average asking price of RM30-40 psf for freehold agriculture land within the Bangi area. Although Mah Sing paid RM18.56 psf for 408 acres land in Bangi back in May 2012, we note that land price in the vicinity has appreciated rapidly in recent years due to scarcity of suitable land for township development. Based on estimated GDV of RM2.7bn, the acquisition Page 1 of 5 www.taonline.com.my i Share Information n Bloomberg Code SPSB MK SP Setia 8664 Main Market 2853.8 10130.9 0.75 3.63/2.80 2179.70 22.7 0.67 Stock Name Stock Code Listing Share Cap (mn) Market Cap (RMmn) Par Value 52-wk Hi/Lo (RM) 12-mth Avg Daily Vol ('000 shrs) Estimated Free Float (%) Beta Major Shareholders (%) PNB (68.0) KWAP (10.4) EPF (6.2) Forecast Revision Forecast Revision (%) Net profit (RMm) Consensus TA's / Consensus (%) Previous Rating FY17 FY18 0.5 0.8 730.5 650.1 766.7 813.3 95.3 79.9 Buy (Maintained) Financial Indicators Net Debt / Equity (%) FCFPS (sen) Price / FCF (x) ROA (%) NTA/Share (RM) Price/NTA (x) Share Performance (%) Price Change 1 mth 3 mth 6 mth 12 mth FY17 16.6 18.1 19.7 3.8 3.3 1.1 FY18 14.4 20.1 17.7 3.2 3.4 1.0 SP Setia 4.4 10.6 1.4 10.2 FBM KLCI (0.8) 4.1 4.7 0.2 (12-Mth) Share Price relative to the FBM KLCI Source: Bloomberg
15. TA Securities 17-Apr-17 A Member of the TA Group cost makes up about 18 % of total project GDV, which is still below the land cost to GDV ratio’s general rule of thumb of 20%. In terms of funding, the recently completed rights issue of redeemable convertible preference shares, which raised RM1.13bn, should come in handy for this land purchase. Our View on the Proposed Acquisition of I&P We are not surprised by the acquisition as there were already market talks of PNB’s intent to inject its unlisted property assets into SP Setia. We believe the merger would benefit both property developers as there will be synergistic values arising from combination of landbank and staff strength. Together with I&P’s remaining landbank of 4,263 acres and the 342.5 acres of land in Bangi, this will collectively boost SP Setia’s remaining landbank by 88% to 9,823 acres. If the acquisition materialises, SP Setia is set to become the third largest property developer by landbank in Malaysia, just behind Sime Darby Property (28,000 acres) and UEM Sunrise Bhd (13,000 acres) – see Figure 3. In addition, the press also reported that the combined GDV of both companies is expected to hit a whopping RM122bn. In terms of valuation, the indicative price of RM3.5bn-3.75bn translates to 1.1x – 1.2x I&P’s 2016 audited net asset value of RM3.16bn, which is comparable to SP Setia’s 1.1x. Meanwhile, the indicative acquisition price and I&P’s estimated GDV of RM45.5bn would imply a market price/GDV ratio of 0.08x. This suggests that I&P‘s valuation is attractive if we compare it with SP Setia’s current market cap/GDV ratio of 0.13x. Additionally, we also note I&P has a light balance sheet with very low debt level. Although SP Setia is sitting on a strong balance sheet with net gearing of 17% as at end 2016, we believe a cash call may be necessary to avoid overstretching its balance sheet. All in, we are positive on the proposed merger, as it will enable SP Setia to fast track its landbank expansion plans. The proposed acquisition of I&P will likely expedite SP Setia’s aspiration of growing its market cap to RM18bn by 2021, from about RM10bn currently. With regards to the management team and future direction, we opine that the current SP Setia management team will continue steering the enlarged entity. This is in view of the fact the SP Setia is taking the lead to acquire I&P, instead of PNB creating a new entity to buy over both SP Setia and I&P. Forecast We fine-tune our FY17 and 18 earnings forecasts by +0.5% and +0.8% respectively after performing some house-keeping. Note that we have not factored in earnings contribution from I&P and the Bangi land acquisition pending the completion of the deals. Recommendation Target price is adjusted higher to RM4.10/share after rolling forward our valuation base year to CY18 and ascribing a higher target P/E of 18x (from 15x previously). Our target P/E of 18x is in line with the group’s 5-year average P/E multiple. We expect valuation rerating following the acquisition of I&P, which will further solidify SP Setia as a dominant township player in the central Klang Valley and Johor. We maintain our Buy recommendation on SP Setia. Page 2 of 5
16. TA Securities 17-Apr-17 A Member of the TA Group Figure 1 : Location of I&P Group and SP Setia’s Project – Klang Valley Source: SP Setia Figure 2: Location of I&P Group and SP Setia’s Project – Johor Source: SP Setia Page 3 of 5
17. TA Securities 17-Apr-17 A Member of the TA Group Figure 3 : Township developers and their respective remaining landbank (in acreage) Source: SP Setia Page 4 of 5
18. TA Securities 17-Apr-17 A Member of the TA Group Financial Statement Profit and Loss (RM'mn) FYE Dec Revenue COGS Gross profit EBITDA Depreciation & Amortisation EBIT JV and Associates Finance cost PBT EI PBT Adj 2015** 6,746.3 (4,683.1) 2,063.3 2,010.1 (33.0) 1,977.1 (440.3) (110.3) 1,426.4 0.0 1,426.4 2016 4,957.2 (3,515.8) 1,441.4 1,270.8 (39.5) 1,231.4 73.6 (120.3) 1,184.7 0.0 1,184.7 2017F 4,240.5 (2,798.7) 1,441.8 1,005.0 (64.4) 940.6 239.0 (69.5) 1,096.9 0.0 1,096.9 2018F 5,101.6 (3,367.1) 1,734.6 1,188.7 (66.2) 1,122.5 0.0 (87.8) 1,034.8 0.0 1,034.8 2019F 5,581.6 (3,683.8) 1,897.7 1,272.0 (64.3) 1,207.6 55.4 (96.5) 1,166.6 0.0 1,166.6 Tax MI Net profit Core net profit (415.4) (50.5) 918.3 918.3 (285.4) (55.0) 808.0 808.0 (268.7) (62.5) 730.5 730.5 (258.7) (90.8) 650.1 650.1 (291.6) (145.3) 694.4 694.4 Core EPS (sen) DPS (sen) 35.7 23.0 28.3 20.0 25.6 14.0 22.8 14.0 24.3 15.0 Cash Flow (RM'mn) PBT Depr & Amort Tax Others CFO 1,426.4 33.0 (301.6) 527.1 1,685.0 1,184.7 39.5 (285.4) (835.6) 103.2 1,096.9 64.4 (268.7) 322.9 1,215.5 1,034.8 66.2 (258.7) (139.7) 702.5 1,166.6 64.3 (291.6) (177.6) 761.7 Capex Others CFI (1,131.9) (29.7) (1,161.6) (900.0) 0.0 (900.0) (700.0) 0.0 (700.0) (130.0) 0.0 (130.0) (130.0) 0.0 (130.0) 819.0 (31.4) (61.6) 726.0 1,617.7 (570.7) 255.3 1,302.3 600.0 (399.5) (197.4) 3.1 800.0 (399.5) (177.6) 222.9 800.0 (428.0) (159.9) 212.1 Net Cash Flow 1,249.4 505.4 518.6 795.4 843.8 FCF FCF/share (sen) 523.4 19.9 (796.8) (27.9) 515.5 18.1 572.5 20.1 631.7 22.1 4,944.0 22.7 6,650.0 22.3 Net Addition/Rpmt Dividend Paid Others CFF Asssumptions (RM'mn) New Property Sales 4,320.0 3,823.0 4,008.0 Property margins (%) 23.7 23.4 22.4 ** comprising 14-month earnings from Nov-14 to Dec-15 Balance Sheet RM'mn) FYE Dec PPE Land held for dev Concession assets Investment Properties Associates Others LT Assets 2015** 260.1 5304.3 7.2 726.4 1086.8 1333.6 7631.6 2016 271.5 5579.6 11.6 1016.0 1677.7 1965.1 8843.8 2017F 307.1 6179.6 11.6 1016.0 1916.7 2204.1 9718.4 2018F 271.0 6279.6 11.6 1016.0 1916.7 2204.1 9782.3 2019F 236.6 6379.6 11.6 1016.0 1972.2 2259.5 9903.4 Property dev. Cost Inventories Trade & other receivables Cash & Cash equivalent Others ST Assets 2111.8 878.9 1450.5 3752.1 597.8 8791.2 2105.7 877.9 1925.3 4170.1 767.1 9846.1 2205.7 698.9 1045.6 4688.7 767.1 9406.0 2305.7 840.8 1257.9 5484.1 767.1 10655.6 2405.7 919.9 1376.3 6328.0 767.1 11796.9 Total Assets 16422.7 18689.9 19124.4 20437.9 21700.3 Trade and other payables ST Borrowings Others ST Liabilities 2,592.7 1,782.9 146.5 4,522.1 2,455.7 1,973.8 112.2 4,541.7 2,058.9 1,776.4 112.2 3,947.5 2,373.5 1,598.8 112.2 4,084.4 2,548.8 1,438.9 112.2 4,099.8 LT Borrowings Others LT Liabilities 3,467.8 40.5 3,508.2 3,892.1 13.1 3,905.2 4,492.1 13.1 4,505.2 5,292.1 13.1 5,305.2 6,092.1 13.1 6,105.2 Share Cap Share Cap - i Reserves Perpetual Bond MI 1,971.3 0.0 5,423.4 7,394.6 610.8 387.0 2,140.1 11.3 7,049.1 9,200.6 610.8 431.7 2,140.1 11.3 7,380.2 9,531.6 646.0 494.2 2,140.1 11.3 7,630.8 9,782.2 681.2 585.0 2,140.1 11.3 7,897.1 10,048.6 716.4 730.3 Liabilities + Equities 16,422.7 18,689.9 19,124.4 20,437.9 21,700.3 Ratios EPS Growth (%) PER (x) GDPS (sen) Div Yield (%) Net Debt (RMm) Net gearing (x) ROE (%) ROA (%) NTA (RM) P/NTA (x) 118.8 10.0 23.0 6.5 1,498.5 0.2 12.4 5.6 2.8 1.3 Shareholder's Funds (20.6) 12.5 20.0 5.6 1,695.7 0.2 8.8 4.3 3.2 1.1 (9.6) 13.9 14.0 3.9 1,579.7 0.2 7.7 3.8 3.3 1.1 (11.0) 15.6 14.0 3.9 1,406.7 0.1 6.6 3.2 3.4 1.0 6.8 14.6 15.0 4.2 1,203.0 0.1 6.9 3.2 3.5 1.0 Stock Recommendation Guideline BUY : HOLD : SELL : Not Rated: Total return within the next 12 months exceeds required rate of return by 5%-point. Total return within the next 12 months exceeds required rate of return by between 0-5%-point. Total return is lower than the required rate of return. The company is not under coverage. The report is for information only. Total Return is defined as expected share price appreciation plus gross dividend over the next 12 months. Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium. 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(14948-M) (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 5 of 5
19. Monday , 17 April, 2017 For Internal Circulation Only TA RESEARCH’S ‘DAILY COMPILED LOCAL TECHNICAL REPORTS’ Local Technical Reports 1. Weekly Technical Stock Picks 2. Daily Money Flow 3. Technical Stock Picks a. FBMKLCI b. Stocks Under Coverage c. PLANTATION Sector d. CONSTRUCTION Sector e. PROPERTY Sector 4. Weekly Ace Market Stock Watch 5. Weekly Small Cap Stock Watch 6. Weekly Stock Screen 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research
20. TA Securities T e c h n i c a l V i e w Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Technical Stock Picks Malaysia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my ALLIANCE FINANCIAL Upper Middle Lower BOLLINGER BANDS RM RM RM DMI Recent Signal Signal Change 4.19 4.07 3.96 SELL RM3.95 SIMPLE MOVING AVERAGES RM 4.05 RM 4.06 RM 3.99 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day AMMB X Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS RM RM RM DMI www.taonline.com.my RM4.85 4.98 4.85 4.72 BUY SIMPLE MOVING AVERAGES RM 4.87 RM 4.87 RM 4.77 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 1 of 8
21. CIMB Upper Middle Lower BOLLINGER BANDS RM RM RM DMI Recent Signal Signal Change RM5 .38 5.71 5.54 5.38 SELL SIMPLE MOVING AVERAGES RM 5.48 RM 5.51 RM 5.34 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day DIGI Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS RM RM RM DMI RM5.10 5.17 5.12 5.07 SELL SIMPLE MOVING AVERAGES RM 5.10 RM 5.12 RM 5.09 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 2 of 8
22. IOI CORP Upper Middle Lower BOLLINGER BANDS RM RM RM DMI Recent Signal Signal Change RM4 .40 4.81 4.62 4.43 SELL SIMPLE MOVING AVERAGES RM 4.55 RM 4.65 RM 4.65 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day MBSB Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS RM RM RM DMI RM1.15 1.31 1.24 1.17 10-day 30-day 50-day SELL Recent Signal Signal Change Page 3 of 8 SIMPLE MOVING AVERAGES RM 1.23 RM 1.22 RM 1.19 DAILY MACD SELL
23. SIME DARBY Upper Middle Lower BOLLINGER BANDS RM RM RM DMI Recent Signal Signal Change RM9 .27 9.46 9.33 9.21 SELL SIMPLE MOVING AVERAGES RM 9.31 RM 9.28 RM 9.20 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day TELEKOM Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS RM RM RM DMI RM6.40 6.45 6.39 6.33 BUY SIMPLE MOVING AVERAGES RM 6.39 RM 6.36 RM 6.27 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 4 of 8
24. Name FBMKLCI AFFIN AFG AMBANK AXIATA CIMB DIGI GAMUDA GENTING GENM IHH IOICORP MALAKOFF MAXIS MAYBANK MBSB RHBBANK SIME TENAGA TM WPRTS AIRASIA AIRASIA X ARMADA BINAPURI CMSB DIALOG ECO WORLD GADANG HSL ISKANDAR KIMLUN KKBE MUDAJAYA MRCB NAIM SAPURA ENERGY SUNCON UEMS WASEONG WCT Close 14-Apr 1730 .99 2.78 3.95 4.85 5.06 5.38 5.10 5.10 9.25 5.63 6.04 4.40 1.23 6.42 8.95 1.15 5.06 9.27 13.70 6.40 4.06 3.05 0.39 0.78 0.44 4.30 1.78 1.48 1.26 1.66 2.93 2.22 1.34 1.05 1.63 1.58 1.99 1.84 1.19 0.89 1.96 Change (7.19) -0.04 -0.03 -0.05 -0.07 0.00 0.00 0.00 -0.11 -0.05 -0.04 0.00 0.00 0.00 -0.01 -0.03 -0.03 -0.01 -0.04 0.01 0.01 -0.02 -0.01 0.00 -0.02 -0.02 -0.04 -0.02 -0.01 -0.01 0.00 -0.02 -0.01 -0.03 -0.03 -0.02 -0.07 -0.01 -0.03 0.00 -0.04 Bollinger Bands RSI Moving Averages DMI Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX 1,736.88 1,730.51 1,732.84 1,744.57 1,756.31 46.54 1,740.72 1,738.41 1,723.77 23.79 22.02 27.72 High 2.82 3.98 4.87 5.10 5.40 5.11 5.13 9.34 5.67 6.06 4.43 1.24 6.43 8.97 1.18 5.11 9.29 13.72 6.41 4.07 3.07 0.40 0.78 0.46 4.31 1.80 1.50 1.27 1.66 2.95 2.24 1.35 1.09 1.64 1.58 2.07 1.84 1.22 0.89 2.03 Low 2.78 3.95 4.82 5.06 5.32 5.08 5.07 9.25 5.58 6.04 4.38 1.21 6.41 8.93 1.14 5.06 9.24 13.68 6.36 4.01 3.04 0.39 0.77 0.44 4.28 1.78 1.45 1.24 1.66 2.86 2.21 1.34 1.04 1.59 1.56 1.99 1.82 1.17 0.89 1.95 2.80 3.96 4.72 4.94 5.38 5.07 5.06 9.20 5.39 5.97 4.43 1.15 6.34 8.91 1.17 5.07 9.21 13.68 6.33 3.92 2.80 0.39 0.72 0.43 4.21 1.65 1.47 1.23 1.66 2.42 2.17 1.19 0.89 1.56 1.47 1.77 1.73 1.21 0.87 1.77 2.86 4.07 4.85 5.06 5.54 5.12 5.19 9.55 5.56 6.01 4.62 1.22 6.41 8.97 1.24 5.23 9.33 13.73 6.39 4.04 3.01 0.40 0.77 0.45 4.29 1.76 1.52 1.28 1.68 2.81 2.22 1.28 1.05 1.68 1.55 1.94 1.80 1.27 0.89 1.96 2.92 4.19 4.98 5.18 5.71 5.17 5.32 9.91 5.74 6.05 4.81 1.29 6.47 9.03 1.31 5.38 9.46 13.78 6.45 4.15 3.22 0.41 0.81 0.46 4.37 1.88 1.57 1.33 1.71 3.20 2.27 1.38 1.21 1.80 1.63 2.11 1.87 1.33 0.91 2.15 42.18 40.47 51.62 54.31 41.76 48.84 46.82 43.75 58.59 52.82 28.96 51.34 54.62 56.84 34.35 39.24 50.31 48.40 58.07 52.40 57.60 41.77 57.15 45.39 53.82 54.91 42.48 49.81 41.73 66.52 49.70 62.33 53.34 47.93 53.67 54.77 61.66 40.28 51.50 50.49 2.85 4.05 4.87 5.06 5.48 5.10 5.16 9.41 5.54 6.02 4.55 1.25 6.40 8.97 1.23 5.19 9.31 13.73 6.39 4.07 3.07 0.40 0.78 0.45 4.31 1.81 1.51 1.30 1.68 2.98 2.24 1.32 1.11 1.72 1.58 2.01 1.83 1.26 0.89 2.04 2.86 4.06 4.87 4.95 5.51 5.12 5.14 9.54 5.50 5.99 4.65 1.21 6.40 8.92 1.22 5.22 9.28 13.73 6.36 4.00 2.95 0.40 0.75 0.45 4.26 1.73 1.51 1.27 1.69 2.60 2.23 1.28 1.00 1.63 1.55 1.93 1.77 1.25 0.88 1.93 2.72 3.99 4.77 4.89 5.34 5.09 5.06 9.24 5.35 6.05 4.65 1.22 6.38 8.72 1.19 5.14 9.20 13.64 6.27 4.03 2.84 0.40 0.73 0.45 4.24 1.68 1.51 1.20 1.69 2.01 2.20 1.30 0.95 1.56 1.58 1.91 1.76 1.21 0.88 1.91 15.79 11.98 19.78 27.33 18.53 14.05 17.47 16.02 25.21 27.30 11.95 22.85 14.29 18.48 14.59 13.89 17.12 15.19 20.92 20.32 21.26 10.53 26.39 27.43 15.66 26.37 19.66 25.70 16.18 36.93 26.47 37.78 35.35 26.46 29.23 27.30 20.63 16.66 27.80 21.43 25.79 24.44 18.86 15.66 25.70 21.24 20.92 19.23 13.43 13.18 34.03 18.76 15.17 18.68 30.82 27.19 21.82 18.60 17.20 22.31 12.34 16.66 16.02 18.43 19.52 19.32 19.00 20.57 24.88 18.91 20.12 20.09 20.46 20.65 15.86 19.87 12.40 23.64 19.08 25.20 31.39 23.33 18.34 22.64 28.74 18.60 15.73 32.23 28.85 15.05 20.77 30.47 10.61 18.49 30.73 16.84 11.03 17.30 25.99 22.38 30.84 16.96 32.00 26.35 12.49 44.60 28.48 39.03 13.41 50.38 23.05 26.52 42.85 54.79 25.58 25.00 31.41 33.38 23.66 19.78 Diff 1.77 (10.00) (12.45) 0.92 11.67 (7.16) (7.19) (3.45) (3.22) 11.77 14.12 (22.09) 4.09 (0.88) (0.19) (16.22) (13.31) (4.70) (3.41) 3.72 (1.99) 8.92 (6.13) 9.00 (3.86) 7.05 7.05 0.66 5.13 (8.70) 18.02 6.34 17.68 14.88 5.81 13.37 7.44 8.23 (6.97) 8.73 (3.78) Line 3.79 0.02 0.00 0.02 0.07 0.02 0.00 0.02 0.01 0.07 0.00 -0.05 0.00 0.01 0.06 0.00 -0.01 0.03 0.01 0.03 0.01 0.07 0.00 0.02 0.00 0.03 0.04 0.00 0.02 -0.01 0.27 0.01 0.02 0.05 0.04 0.01 0.05 0.03 0.00 0.01 0.04 MACD Signal Diff 6.86 (3.074) 0.04 0.02 0.03 0.07 0.06 0.01 0.04 0.07 0.07 -0.01 -0.02 0.00 0.02 0.08 0.02 0.02 0.05 0.02 0.04 0.01 0.08 0.00 0.02 0.00 0.03 0.04 0.00 0.03 0.00 0.31 0.01 0.01 0.05 0.05 0.00 0.04 0.02 0.02 0.01 0.04 (0.019) (0.023) (0.003) (0.003) (0.040) (0.007) (0.024) (0.062) (0.007) 0.012 (0.030) (0.007) (0.005) (0.020) (0.016) (0.028) (0.020) (0.006) (0.010) 0.002 (0.013) (0.001) 0.000 0.001 (0.002) (0.000) (0.007) (0.008) (0.002) (0.044) (0.000) 0.012 (0.004) (0.014) 0.009 0.011 0.004 (0.013) 0.000 (0.004) DMI MACD DMI MACD Recent Signal Signal Change BUY SELL SELL SELL BUY BUY SELL SELL SELL SELL BUY BUY SELL BUY SELL SELL SELL SELL SELL SELL BUY SELL BUY SELL BUY SELL BUY BUY BUY BUY SELL BUY BUY BUY BUY BUY BUY BUY BUY SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL BUY BUY SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL BUY BUY BUY SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL The table above is a compilation of actively traded stocks with some popular technical indicators. The technical BUY/SELL signals on the last four columns are auto generated; the first two being existing or recent signals while the last two represent a signal change from BUY to SELL or the reverse, otherwise no change is indicated by a dash. Stock names and technical statistics in bold highlight stocks that have changes in BUY/SELL signals on the DMI and MACD on the given date. INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 5 of 8
25. LIST OF RECOMMENDED BUY STOCKS FROM NOV 2016 TO CURRENT Stock AIRASIA AIRASIA AIRASIA AIRASIA AIRASIA X * AIRASIA X* AIRASIA X* AIRASIA X* ALLIANCE ALLIANCE AMMB AXIATA AXIATA AXIATA BINA PURI BINA PURI BINA PURI BINA PURI BUMI ARMADA BUMI ARMADA BUMI ARMADA BUMI ARMADA BUMI ARMADA BUMI ARMADA CIMB CIMB CMSB CMSB CMSB DIALOG DIALOG DIALOG DIALOG DIGI ECO WORLD ECO WORLD ECO WORLD GADANG* GADANG* GADANG* GADANG* GADANG* GADANG* GAMUDA GAMUDA GENM GENM GENTING GENTING HOCK SENG LEE HOCK SENG LEE HOCK SENG LEE HOCK SENG LEE IHH HEALTHCARE IHH HEALTHCARE IOI CORP IOI CORP ISKANDAR ISKANDAR ISKANDAR KIMLUN CORP KIMLUN CORP KIMLUN CORP KIMLUN CORP KKB ENGINEERING MALAKOFF MALAKOFF MALAKOFF MALAKOFF MALAKOFF MAYBANK MBSB MBSB MBSB MRCB MRCB MRCB MUDAJAYA MUDAJAYA MUDAJAYA MUDAJAYA MUDAJAYA NAIM NAIM NAIM RHBBANK SAPURAENERGY SAPURAENERGY SAPURAENERGY SAPURAENERGY SAPURAENERGY SAPURAENERGY SIME DARBY SUNCON SUNCON SUNCON SUNCON SUNCON TENAGA TM TM TM TM UEM SUNRISE UEM SUNRISE UEM SUNRISE UEM SUNRISE WAH SEONG WAH SEONG WCT HLGS WCT HLGS WCT HLGS WESTPORTS WESTPORTS WESTPORTS WESTPORTS REC Date 2-Nov 15-Dec 12-Jan 8-Mar 2-Nov 15-Dec 12-Jan 8-Mar 23-Nov 11-Apr 14-Apr 25-Nov 6-Dec 30-Dec 22-Dec 6-Jan 26-Jan 9-Mar 17-Nov 5-Jan 13-Jan 7-Feb 17-Mar 6-Apr 9-Dec 14-Apr 2-Dec 19-Jan 10-Mar 5-Jan 17-Feb 3-Mar 22-Mar 13-Apr 4-Jan 26-Jan 9-Mar 16-Nov 30-Nov 23-Dec 19-Jan 27-Jan 5-Apr 9-Dec 7-Apr 22-Nov 29-Dec 22-Nov 29-Dec 8-Dec 6-Jan 16-Feb 16-Mar 3-Nov 25-Jan 25-Nov 12-Apr 16-Dec 4-Jan 2-Feb 11-Nov 8-Dec 10-Feb 15-Mar 10-Feb 16-Nov 30-Nov 23-Dec 24-Jan 24-Mar 28-Dec 23-Nov 16-Dec 11-Apr 10-Nov 14-Dec 21-Mar 2-Dec 22-Dec 20-Jan 15-Mar 5-Apr 21-Dec 20-Jan 10-Mar 28-Dec 17-Nov 13-Jan 7-Feb 3-Mar 17-Mar 6-Apr 12-Apr 11-Nov 7-Dec 27-Jan 16-Feb 16-Mar 6-Dec 20-Dec 30-Dec 25-Jan 13-Apr 10-Nov 14-Dec 21-Mar 7-Apr 17-Feb 22-Mar 7-Dec 21-Dec 2-Feb 3-Nov 20-Dec 24-Jan 24-Mar BUY Price 2.84 2.52 2.38 2.75 0.44 0.38 0.39 0.40 3.63 4.03 4.90 4.31 4.28 4.57 0.42 0.45 0.43 0.44 0.64 0.66 0.63 0.63 0.73 0.82 4.64 5.38 3.77 4.12 4.19 1.54 1.60 1.68 1.71 5.10 1.36 1.41 1.55 1.09 0.95 1.00 1.06 1.07 1.32 4.82 5.17 4.68 4.57 7.95 7.97 1.62 1.66 1.72 1.70 6.36 6.42 4.38 4.50 0.82 0.83 0.90 2.19 2.08 2.18 2.20 1.37 1.43 1.37 1.40 1.30 1.17 7.75 0.93 0.91 1.22 1.29 1.37 1.52 0.77 0.94 0.87 0.90 1.10 1.50 1.61 1.53 4.64 1.44 1.70 1.85 1.95 1.88 2.02 9.32 1.67 1.62 1.72 1.72 1.72 14.02 5.95 6.06 6.13 6.39 1.03 1.10 1.26 1.29 0.93 0.90 1.77 1.78 1.83 4.43 4.30 4.18 3.99 14-Apr-17 Price 3.05 3.05 3.05 3.05 0.39 0.39 0.39 0.39 3.95 3.95 4.85 5.06 5.06 5.06 0.44 0.44 0.44 0.44 0.78 0.78 0.78 0.78 0.78 0.78 5.38 5.38 4.30 4.30 4.30 1.78 1.78 1.78 1.78 5.10 1.48 1.48 1.48 1.26 1.26 1.26 1.26 1.26 1.26 5.10 5.10 5.63 5.63 9.25 9.25 1.66 1.66 1.66 1.66 6.04 6.04 4.40 4.40 2.93 2.93 2.93 2.22 2.22 2.22 2.22 1.34 1.23 1.23 1.23 1.23 1.23 8.95 1.15 1.15 1.15 1.63 1.63 1.63 1.05 1.05 1.05 1.05 1.05 1.58 1.58 1.58 5.06 1.99 1.99 1.99 1.99 1.99 1.99 9.27 1.84 1.84 1.84 1.84 1.84 13.70 6.40 6.40 6.40 6.40 1.19 1.19 1.19 1.19 0.89 0.89 1.96 1.96 1.96 4.06 4.06 4.06 4.06 Change (+/-) 0.21 0.53 0.67 0.30 (0.05) 0.01 0.01 (0.01) 0.32 (0.08) (0.05) 0.75 0.78 0.49 0.03 (0.01) 0.01 0.00 0.14 0.12 0.15 0.16 0.06 (0.03) 0.74 0.00 0.53 0.18 0.11 0.24 0.18 0.10 0.07 0.00 0.12 0.07 (0.07) 0.17 0.31 0.26 0.20 0.19 (0.06) 0.28 (0.07) 0.95 1.06 1.30 1.28 0.04 0.00 (0.06) (0.04) (0.32) (0.38) 0.02 (0.10) 2.11 2.11 2.03 0.03 0.14 0.04 0.02 (0.03) (0.20) (0.14) (0.17) (0.07) 0.06 1.20 0.22 0.24 (0.07) 0.34 0.26 0.11 0.28 0.12 0.18 0.15 (0.05) 0.08 (0.03) 0.05 0.42 0.55 0.29 0.14 0.04 0.11 (0.03) (0.05) 0.17 0.22 0.12 0.12 0.12 (0.32) 0.45 0.34 0.27 0.01 0.16 0.09 (0.07) (0.10) (0.04) (0.01) 0.19 0.18 0.13 (0.37) (0.24) (0.12) 0.07 ST % Upside Targets ** MT 3.60 3.60 3.60 3.60 0.50 0.50 0.50 0.50 4.68 4.68 5.32 5.48 5.48 5.48 0.53 0.53 0.53 0.53 0.97 0.97 0.97 0.97 0.97 0.97 6.00 6.00 4.92 4.92 4.92 1.96 1.96 1.96 1.96 5.49 1.75 1.75 1.75 1.48 1.48 1.48 1.48 1.48 1.48 5.74 5.74 6.10 6.10 10.38 10.38 1.88 1.88 1.88 1.88 6.44 6.44 5.04 5.04 3.41 3.41 3.41 2.54 2.54 2.54 2.54 1.51 1.47 1.47 1.47 1.47 1.47 9.60 1.48 1.48 1.48 1.89 1.89 1.89 1.28 1.28 1.28 1.28 1.28 1.88 1.88 1.88 5.69 2.27 2.27 2.27 2.27 2.27 2.27 10.22 2.13 2.13 2.13 2.13 2.13 14.36 6.80 6.80 6.80 6.80 1.52 1.52 1.52 1.52 1.04 1.04 2.32 2.32 2.32 4.36 4.36 4.36 4.36 3.30 3.30 3.30 3.30 0.44 0.44 0.44 0.44 4.37 4.37 5.05 5.16 5.16 5.16 0.49 0.49 0.49 0.49 0.88 0.88 0.88 0.88 0.88 0.88 5.84 5.84 4.58 4.58 4.58 1.88 1.88 1.88 1.88 5.26 1.64 1.64 1.64 1.35 1.35 1.35 1.35 1.35 1.35 5.36 5.36 5.82 5.82 9.83 9.83 1.81 1.81 1.81 1.81 6.23 6.23 4.90 4.90 3.20 3.20 3.20 2.40 2.40 2.40 2.40 1.41 1.39 1.39 1.39 1.39 1.39 9.20 1.33 1.33 1.33 1.83 1.83 1.83 1.17 1.17 1.17 1.17 1.17 1.68 1.68 1.68 5.50 2.08 2.08 2.08 2.08 2.08 2.08 9.55 2.00 2.00 2.00 2.00 2.00 14.02 6.56 6.56 6.56 6.56 1.37 1.37 1.37 1.37 0.95 0.95 2.19 2.19 2.19 4.22 4.22 4.22 4.22 7.39 21.03 28.15 10.91 (11.36) 2.63 1.30 (2.50) 8.82 (1.99) (1.02) 17.40 18.22 10.72 6.02 (2.22) 2.33 0.00 21.88 18.18 23.81 24.80 7.59 (4.29) 15.95 0.00 14.06 4.37 2.63 15.58 11.25 5.95 4.09 0.00 8.82 4.96 (4.52) 15.60 32.63 26.00 18.87 17.76 (4.55) 5.81 (1.35) 20.30 23.19 16.35 16.06 2.47 0.00 (3.49) (2.35) (5.03) (5.92) 0.46 (2.22) 257.32 255.15 225.56 1.37 6.73 1.83 0.91 (2.19) (13.99) (10.22) (12.14) (5.38) 5.13 15.48 23.66 26.37 (5.74) 26.36 18.98 7.24 36.36 12.30 20.69 16.67 (4.55) 5.33 (1.86) 3.27 9.05 38.19 17.06 7.57 2.05 5.85 (1.49) (0.54) 10.18 13.58 6.98 6.98 6.98 (2.28) 7.56 5.61 4.40 0.16 15.53 8.18 (5.56) (7.75) (4.30) (1.11) 10.73 10.11 7.10 (8.35) (5.58) (2.87) 1.75 LT 3.90 3.90 3.90 3.90 0.55 0.55 0.55 0.55 4.87 4.87 5.49 5.80 5.80 5.80 0.57 0.57 0.57 0.57 1.12 1.12 1.12 1.12 1.12 1.12 6.19 6.19 5.33 5.33 5.33 2.15 2.15 2.15 2.15 5.85 1.88 1.88 1.88 1.56 1.56 1.56 1.56 1.56 1.56 5.97 5.97 6.39 6.39 10.72 10.72 1.94 1.94 1.94 1.94 6.60 6.60 5.36 5.36 3.71 3.71 3.71 2.68 2.68 2.68 2.68 1.60 1.55 1.55 1.55 1.55 1.55 9.86 1.60 1.60 1.60 1.97 1.97 1.97 1.45 1.45 1.45 1.45 1.45 2.04 2.04 2.04 5.85 2.50 2.50 2.50 2.50 2.50 2.50 10.64 2.22 2.22 2.22 2.22 2.22 14.90 7.03 7.03 7.03 7.03 1.60 1.60 1.60 1.60 1.14 1.14 2.42 2.42 2.42 4.59 4.59 4.59 4.59 ST 8.20 8.20 8.20 8.20 12.82 12.82 12.82 12.82 10.63 10.63 4.12 1.98 1.98 1.98 11.36 11.36 11.36 11.36 12.82 12.82 12.82 12.82 12.82 12.82 8.55 8.55 6.51 6.51 6.51 5.62 5.62 5.62 5.62 3.14 10.81 10.81 10.81 7.14 7.14 7.14 7.14 7.14 7.14 5.10 5.10 3.37 3.37 6.27 6.27 9.04 9.04 9.04 9.04 3.15 3.15 11.36 11.36 9.22 9.22 9.22 8.11 8.11 8.11 8.11 5.22 13.01 13.01 13.01 13.01 13.01 2.79 15.65 15.65 15.65 12.27 12.27 12.27 11.43 11.43 11.43 11.43 11.43 6.33 6.33 6.33 8.70 4.52 4.52 4.52 4.52 4.52 4.52 3.02 8.70 8.70 8.70 8.70 8.70 2.34 2.50 2.50 2.50 2.50 15.13 15.13 15.13 15.13 6.74 6.74 11.73 11.73 11.73 3.94 3.94 3.94 3.94 % Upside MT 18.03 18.03 18.03 18.03 28.21 28.21 28.21 28.21 18.48 18.48 9.71 8.30 8.30 8.30 20.45 20.45 20.45 20.45 24.36 24.36 24.36 24.36 24.36 24.36 11.52 11.52 14.42 14.42 14.42 10.11 10.11 10.11 10.11 7.65 18.24 18.24 18.24 17.46 17.46 17.46 17.46 17.46 17.46 12.55 12.55 8.35 8.35 12.22 12.22 13.25 13.25 13.25 13.25 6.62 6.62 14.55 14.55 16.38 16.38 16.38 14.41 14.41 14.41 14.41 12.69 19.51 19.51 19.51 19.51 19.51 7.26 28.70 28.70 28.70 15.95 15.95 15.95 21.90 21.90 21.90 21.90 21.90 18.99 18.99 18.99 12.45 14.07 14.07 14.07 14.07 14.07 14.07 10.25 15.76 15.76 15.76 15.76 15.76 4.82 6.25 6.25 6.25 6.25 27.73 27.73 27.73 27.73 16.85 16.85 18.37 18.37 18.37 7.39 7.39 7.39 7.39 LT 27.87 27.87 27.87 27.87 41.03 41.03 41.03 41.03 23.29 23.29 13.20 14.62 14.62 14.62 29.55 29.55 29.55 29.55 43.59 43.59 43.59 43.59 43.59 43.59 15.06 15.06 23.95 23.95 23.95 20.79 20.79 20.79 20.79 14.71 27.03 27.03 27.03 23.81 23.81 23.81 23.81 23.81 23.81 17.06 17.06 13.50 13.50 15.89 15.89 16.87 16.87 16.87 16.87 9.27 9.27 21.82 21.82 26.62 26.62 26.62 20.72 20.72 20.72 20.72 19.40 26.02 26.02 26.02 26.02 26.02 10.17 39.13 39.13 39.13 20.86 20.86 20.86 38.10 38.10 38.10 38.10 38.10 29.11 29.11 29.11 15.61 25.63 25.63 25.63 25.63 25.63 25.63 14.78 20.65 20.65 20.65 20.65 20.65 8.76 9.84 9.84 9.84 9.84 34.45 34.45 34.45 34.45 28.09 28.09 23.47 23.47 23.47 13.05 13.05 13.05 13.05 GADANG* - Share price adjusted for 1:4 Bonus Issue Total funds invested * Total unrealised profit/(loss) Return 295,735 23,625 7.99% Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our BUY recommendations from November 2016 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which may be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to liquidate trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. Page 6 of 8
26. Daily Money Flow of Technical Stock Picks Malaysia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY * Chartist: Stephen Soo No Name FBMKLCI 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 AFFIN ALLIANCE AMBANK AXIATA CIMB DIGI GAMUDA GENTING GENM IHH IOICORP MALAKOFF MAXIS MAYBANK MBSB RHBBANK SIME TENAGA TM WPRTS AIRASIA AIRASIA X ARMADA BINAPURI CAHYA MATA DIALOG ECO GADANG HSL ISKANDAR KIMLUN KKB MUDAJAYA MRCB NAIM SAPE SCGB UEMS WASEONG WCTHG Tel: +603-2167 9607 Total Money Flow (RM'mn) stsoo@ta.com.my 10-Apr 11-Apr 12-Apr 13-Apr 14-Apr (A) Total 5D MF Prv. Chg (7.6) 19.1 (17.9) (49.3) (12.8) (68.5) (0.0) 0.0 (0.8) (0.8) 0.1 0.3 (0.1) (0.4) (0.4) (5.3) 1.6 0.5 (0.9) 2.8 (0.4) (0.3) 1.8 5.7 (1.5) 1.5 (0.5) (0.1) (0.1) (0.0) (0.2) (3.0) 0.4 (0.2) (0.0) (0.4) 0.0 0.0 (0.0) (0.0) (0.0) (0.2) (0.0) 0.3 0.0 0.4 0.1 0.2 2.5 (0.1) (0.1) 1.8 (0.2) 0.2 1.0 (5.4) 0.3 (0.2) 0.4 1.6 (0.1) 0.2 (2.1) 11.3 0.5 0.8 (1.2) 0.2 0.5 (0.0) (0.1) (1.0) (0.1) (0.3) (0.0) (0.5) (0.0) 0.0 (0.1) (0.3) 0.0 (0.1) (1.7) (0.1) (0.1) 0.8 (0.0) 0.1 (2.3) (1.4) (0.8) (0.9) (0.6) (0.7) (4.3) 0.5 (0.3) (0.0) (1.3) 0.1 (0.2) 0.0 2.5 (17.1) (1.6) (0.1) 0.3 0.1 (0.0) (0.0) (0.8) (1.5) (0.2) 0.0 0.0 (0.3) (0.0) (0.0) 0.0 (0.1) 0.0 (0.6) 0.5 (0.4) 0.0 0.3 (0.2) (0.2) (0.0) (0.3) (2.5) (0.1) (1.3) (0.7) (1.9) (6.0) 1.0 (0.4) (0.8) (3.5) (0.3) (0.5) (2.0) (36.3) (1.1) 1.1 0.2 (0.1) 0.2 (0.1) (0.5) (1.4) (0.2) (0.3) (0.0) (0.5) 0.0 (0.0) 0.0 0.2 0.0 (1.3) 0.0 (0.1) (0.0) 0.1 (0.1) (0.2) (0.1) 0.0 (0.2) 0.4 (0.1) (0.8) (0.8) 0.8 (1.4) (0.1) (0.0) (1.4) (0.3) (0.0) (0.1) (10.9) 1.9 0.9 (0.8) (0.0) 0.1 (0.0) (0.3) (0.2) (0.1) (0.1) (0.0) (0.6) 0.0 (0.0) 0.0 (0.3) (0.0) (0.1) (0.0) (0.2) 0.0 (0.1) (0.3) (0.0) (0.7) (2.6) (3.5) 1.6 (2.2) (2.3) (6.4) (15.4) 1.2 (0.2) (2.7) (0.3) (1.3) (0.6) 0.0 (47.3) (1.8) 4.1 (1.9) 0.1 0.7 (0.2) (1.9) (7.1) (0.2) (0.9) (0.0) (2.2) (0.0) 0.0 (0.1) (0.4) 0.0 (2.3) (1.2) (0.4) (0.0) 1.5 (31.4) (0.2) (0.3) 2.3 1.1 (1.7) 0.8 (0.7) 0.1 2.4 (6.5) 1.3 (0.4) 0.5 (3.6) (0.1) (0.5) (4.5) (19.2) 0.5 1.2 (0.1) (0.2) 0.2 (0.0) 0.4 0.1 0.0 (0.3) (0.0) (0.2) 0.0 (0.0) 0.0 0.3 0.0 (0.7) (0.5) 0.3 (0.0) (0.2) (B) Cur. Chg 36.5 0.1 (0.0) (0.1) 0.4 2.3 0.5 1.2 (0.1) 1.1 6.9 (2.4) 0.3 0.8 2.1 (0.1) 0.5 1.9 25.4 3.0 (0.2) (1.0) 0.1 (0.1) 0.0 0.2 1.2 0.1 0.2 0.0 (0.1) (0.0) 0.0 (0.0) (0.5) (0.0) 1.2 (0.0) (0.1) 0.0 (0.1) www.taonline.com.my CLOSING PRICE 10-Apr 1,740 2.88 4.03 4.90 5.10 5.47 5.10 5.20 9.27 5.49 6.02 4.59 1.27 6.34 8.99 1.22 5.24 9.34 13.70 6.33 4.38 3.08 0.40 0.80 0.46 4.31 1.83 1.49 1.28 1.68 2.88 2.27 1.37 1.12 1.72 1.61 2.03 1.84 1.25 0.90 2.06 11-Apr 1,736 2.87 4.01 4.85 5.08 5.46 5.09 5.15 9.32 5.49 6.02 4.50 1.26 6.37 8.98 1.23 5.19 9.32 13.72 6.35 4.38 3.05 0.40 0.80 0.46 4.32 1.85 1.49 1.32 1.68 3.08 2.27 1.37 1.11 1.72 1.60 2.09 1.84 1.23 0.91 1.99 12-Apr 1,744 2.85 4.01 4.89 5.19 5.47 5.10 5.12 9.51 5.55 6.04 4.50 1.26 6.41 8.98 1.22 5.14 9.30 13.72 6.39 4.38 3.05 0.40 0.80 0.46 4.32 1.85 1.50 1.30 1.68 3.03 2.24 1.36 1.10 1.70 1.61 2.07 1.85 1.25 0.91 2.00 13-Apr 1,738 2.82 3.98 4.90 5.13 5.38 5.10 5.10 9.36 5.68 6.08 4.40 1.23 6.42 8.96 1.18 5.09 9.28 13.74 6.39 4.05 3.07 0.40 0.78 0.46 4.32 1.82 1.50 1.27 1.67 2.24 2.22 1.35 1.08 1.66 1.60 2.06 1.85 1.22 0.89 2.00 14-Apr 1,731 2.78 3.95 4.85 5.06 5.38 5.10 5.10 9.25 5.63 6.04 4.40 1.23 6.42 8.95 1.15 5.06 9.27 13.70 6.40 4.38 3.05 0.39 0.78 0.44 4.30 1.78 1.48 1.26 1.66 2.93 2.22 1.34 1.05 1.63 1.58 1.99 1.84 1.19 0.89 1.96 Chg (A+B) DMF (7.19) IN (0.04) (0.03) (0.05) (0.07) 0.00 0.00 0.00 (0.11) (0.05) (0.04) 0.00 0.00 0.00 (0.01) (0.03) (0.03) (0.01) (0.04) 0.01 0.33 (0.02) (0.01) 0.00 (0.02) (0.02) (0.04) (0.02) (0.01) (0.01) 0.69 0.00 (0.01) (0.03) (0.03) (0.02) (0.07) (0.01) (0.03) 0.00 (0.04) OUT OUT IN IN IN IN IN OUT IN IN OUT OUT IN OUT OUT OUT OUT IN IN IN OUT OUT IN IN IN IN IN OUT OUT OUT IN IN IN OUT OUT IN OUT IN OUT OUT Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. Page 7 of 8
27. Daily Money Flow of FBMKLCI Malaysia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY * Chartist: Stephen Soo No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Name FBMKLCI AMBANK ASTRO AXIATA BAT CIMB DIGI WPRTS GENTING GENM HLBANK HLFG IHH IOICORP KLK MAYBANK MAXIS MISC PCHEM PETDAG PETGAS PPB PBBANK RHBBANK IJM SIME TM TENAGA KLCC HAP YTLCORP 10-Apr (7.6) (0.8) (0.4) (0.8) (11.1) 0.1 0.3 1.5 (0.4) (0.4) 0.0 0.0 (5.3) 1.6 (0.2) 2.8 (0.9) 0.3 0.7 (0.1) 0.1 (0.2) 0.2 (0.3) (0.2) 1.8 (1.5) 5.7 (0.1) (0.0) (0.1) Tel: +603-2167 9607 Total Money Flow (RM'mn) 11-Apr 12-Apr 13-Apr 19.1 (17.9) (36.5) 2.5 (2.3) 0.1 0.6 0.6 (0.0) (0.1) (1.4) (0.4) 0.1 (0.3) (0.8) (0.1) (0.8) (2.3) 1.8 0.8 0.2 1.0 0.2 (0.0) (5.4) 0.3 2.7 1.6 0.4 (0.7) 2.6 (0.9) 0.4 (0.3) 1.7 0.2 (0.1) (2.1) 0.5 11.3 (0.2) (0.2) 0.3 (0.9) (0.1) (0.7) (4.3) (0.0) 0.1 0.5 (0.3) 12.3 0.1 (1.3) 1.3 (2.6) 0.0 0.7 (3.9) (0.1) 0.0 (0.6) 2.5 (1.6) (17.1) 2.4 (0.3) 0.1 (0.5) 0.2 0.1 (1.1) 0.2 0.0 (6.9) 2.4 4.8 (2.1) (0.8) 0.4 (5.9) (1.1) 0.2 8.2 1.5 (0.5) (1.1) (1.9) (3.0) (25.4) (1.3) 0.0 0.3 14-Apr (12.8) (0.1) 0.1 0.0 (0.0) (0.2) 0.4 0.9 (0.8) (0.8) (0.0) (0.0) 0.8 (1.4) 0.3 (1.4) (0.0) (0.5) (0.5) (0.1) (0.2) 0.2 (0.5) (0.0) (0.3) (0.1) 1.9 (10.9) 0.6 0.1 (0.2) stsoo@ta.com.my Total 5D MF (55.7) (0.7) 0.8 (2.6) (12.0) (3.3) 1.2 3.2 (1.5) (5.6) 0.3 0.1 (16.2) 2.6 20.0 1.0 (2.7) 0.8 (5.8) (2.2) 1.2 4.1 2.7 (0.6) (2.2) 0.1 (3.7) (36.4) 1.4 (0.4) 0.5 (A) Prv. Chg (18.6) 2.4 (0.6) 1.0 (0.5) (1.5) 0.4 0.3 0.9 3.2 0.2 (0.0) (7.3) 2.8 (7.5) (2.2) 0.5 (0.9) (3.3) (1.1) (0.5) 12.1 1.6 (0.5) (0.5) (4.3) (1.4) (8.3) (3.7) 0.3 0.2 (B) Cur. Chg 23.7 (0.1) 0.1 0.4 0.7 2.0 0.9 0.7 (0.9) 0.4 (0.2) (0.1) 7.7 (3.9) (4.4) 0.8 0.8 (0.9) 5.4 1.0 (0.4) (8.0) (2.0) 0.5 0.8 1.7 4.9 14.4 1.9 0.0 (0.5) 10-Apr 1,740 4.90 2.68 5.10 46.20 5.47 11-Apr 1,736 4.85 2.66 5.08 46.12 5.46 5.10 4.03 9.27 5.49 13.66 16.40 6.02 4.59 24.46 8.99 6.34 7.30 7.73 24.00 19.68 16.64 19.98 5.24 3.48 9.34 6.33 13.70 8.00 8.99 1.51 5.09 4.00 9.32 5.49 13.70 16.24 6.02 4.50 24.46 8.98 6.37 7.32 7.63 24.04 19.68 16.54 19.98 5.19 3.44 9.32 6.35 13.72 7.84 8.92 1.51 www.taonline.com.my CLOSING PRICE 12-Apr 13-Apr 1,744 1,738 4.89 4.90 2.71 2.67 5.19 5.13 46.90 46.90 5.47 5.38 5.10 4.06 9.51 5.55 13.70 16.54 6.04 4.50 24.48 8.98 6.41 7.43 7.80 24.08 19.68 16.66 19.96 5.14 3.45 9.30 6.39 13.72 7.84 8.92 1.51 5.10 4.05 9.36 5.68 13.70 16.40 6.08 4.40 24.10 8.96 6.42 7.39 7.75 24.16 19.56 16.68 19.94 5.09 3.46 9.28 6.39 13.74 7.82 8.86 1.51 14-Apr 1,731 4.85 2.69 5.06 46.80 5.38 5.10 4.06 9.25 5.63 13.70 16.26 6.04 4.40 23.82 8.95 6.42 7.31 7.60 24.00 19.48 16.60 19.90 5.06 3.48 9.27 6.40 13.70 7.80 8.85 1.50 Chg (7.19) (0.05) 0.02 (0.07) (0.10) 0.00 0.00 0.01 (0.11) (0.05) 0.00 (0.14) (0.04) 0.00 (0.28) (0.01) 0.00 (0.08) (0.15) (0.16) (0.08) (0.08) (0.04) (0.03) 0.02 (0.01) 0.01 (0.04) (0.02) (0.01) (0.01) (A+B) DMF IN IN OUT IN IN IN IN IN OUT IN IN OUT IN OUT OUT OUT IN OUT IN OUT OUT IN OUT OUT IN OUT IN IN OUT IN OUT (RM'mn) Daily Trading Participation INFLOW 15.0 29.0 20.6 18.4 5.2 88.2 OUTFLOW (22.7) (7.6) (10.5) 18.5 (38.5) (17.9) (54.8) (36.5) (18.0) (12.8) (144.4) (56.3) 13 (17) 19 (11) 12 (18) 13 (17) 10 (20) NET FLOW COMPANIES INFLOW OUTFLOW Date Retail Institution Foreign Total 10-Apr 11-Apr 12-Apr 13-Apr 14-Apr 28.2% 27.7% 27.2% 25.4% NA 53.9% 56.6% 53.7% 54.7% NA 18.0% 15.7% 19.1% 19.9% NA 100% 100% 100% 100% 0% Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 8 of 8
28. T e c h n i c a l TA Securities V i e w Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Daily Money Flow of Stocks Under Coverage low of Stocks Under C Malaysia FBMKLCI:1,730.99 (-7.19, -0.41%) THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167 9607 Total Money Flow (RM' mn) Name FBM KLCI www.taonline.com.my (B) 11-Apr 12-Apr 13-Apr 14-Apr Total 5D MF (A) 10-Apr Prv. Chg Cur. Chg (7.6) 19.1 (17.9) (36.5) (12.8) (55.7) (18.6) 23.7 1,739.5 1,735.8 1,744.1 1,738.2 1,731.0 0.3 0.0 (0.4) (0.0) 0.0 0.1 0.0 0.0 0.2 (0.0) (0.0) 0.1 0.4 (0.1) 4.9 0.0 0.0 0.1 (0.0) (0.0) (0.1) 2.05 2.52 6.09 2.08 2.52 6.05 2.10 2.52 6.04 2.11 2.50 5.99 2.12 2.40 6.01 AUTOMOBILE BJAUTO 0.2 MBMR (0.1) UMW 4.9 BANKS & FINANCIAL SERVICES AFG 0.0 AFFIN (0.0) AMBANK (0.8) CIMB 0.1 HLBANK 0.0 MAYBANK 2.8 PBANK 0.2 RHBBANK (0.3) BURSA (0.7) CONSTRUCTION BPURI (0.0) GADANG (0.2) GAMUDA (0.1) IJM (0.2) SENDAI 0.0 WCT 0.4 LITRAK 0.0 Building Materials WTHORSE 0.0 CONSUMER Brewery CARLSBG 0.0 GUINESS 0.0 Retail AEON 0.1 AMWAY (0.0) F&N (0.1) NESTLE 7.3 PADINI (0.2) POHUAT 0.0 QL (0.1) SIGN (0.0) Tobacco BAT (11.1) GAMING Casino GENTING (0.4) GENM (0.4) LUSTER (0.0) NFO BJTOTO (0.1) HEALTHCARE Hospital IHH (5.3) KPJ (0.0) RUBBER GLOVES HARTA (0.0) KOSSAN 0.1 SUPERMX (0.3) TOPGLOV 0.0 KAREX 0.1 INDUSTRIAL SCIENTX (0.1) SKPRES MEDIA ASTRO MEDIA PRIMA STAR stsoo@ta.com.my CLOSING PRICE 10-Apr 11-Apr 12-Apr 13-Apr 14-Apr Chg (7.19) (A+B) DMF IN IN 0.01 (0.10) OUT 0.02 OUT 0.2 0.1 0.0 (0.1) (0.1) 2.4 (1.5) 0.2 (2.2) 1.6 (0.5) 0.1 (0.2) (0.1) (0.1) 2.0 (0.2) 0.8 (2.0) 0.5 0.2 4.01 3.98 2.88 4.90 5.47 13.66 8.99 19.98 5.24 9.69 2.87 4.85 5.46 13.70 8.98 19.98 5.19 9.55 2.85 4.89 5.47 13.70 8.98 19.96 5.14 9.60 2.82 4.90 5.38 13.70 8.96 19.94 5.09 9.60 3.95 2.78 4.85 5.38 13.70 8.95 19.90 5.06 9.51 (0.03) (0.04) (0.05) 0.00 0.00 (0.01) (0.04) (0.03) (0.09) OUT (0.1) 0.1 (2.3) 0.2 (2.1) 1.5 (0.5) (0.2) 0.1 (0.2) (0.7) (3.3) 0.3 1.0 2.7 (0.6) (1.3) 4.01 (0.0) (2.3) (0.8) (0.0) 0.1 (0.1) 0.0 (0.3) (0.2) (0.1) (0.1) (0.2) (0.0) (1.4) (0.5) (0.0) 0.0 4.03 0.1 2.5 (0.1) 0.2 1.6 1.7 0.2 (0.1) (0.0) (0.3) (0.2) (0.1) (0.0) 0.8 0.1 (0.0) 0.0 (0.6) (0.6) 0.1 0.3 0.0 (0.0) (0.2) (1.2) (1.1) 0.1 0.1 (0.0) (0.0) (0.1) (0.1) (0.3) 0.0 (0.1) (0.0) (0.2) (0.8) (2.1) (2.2) 0.2 1.6 0.1 0.0 (0.2) (0.6) (0.5) 0.1 (0.2) (0.0) 0.0 0.1 1.1 0.8 (0.1) (0.2) 0.0 0.46 1.28 5.20 3.48 0.72 2.06 6.13 0.46 1.32 5.15 3.44 0.72 1.99 6.00 0.46 1.30 5.12 3.45 0.75 2.00 6.00 0.46 1.27 5.10 3.46 0.73 2.00 5.99 0.44 1.26 5.10 3.48 0.71 1.96 5.99 (0.02) (0.01) 0.00 0.02 (0.02) (0.04) 0.00 IN OUT IN IN OUT OUT OUT (0.0) 0.0 0.0 (0.0) (0.0) 0.0 (0.0) 1.99 1.98 1.98 1.98 1.98 0.00 OUT (0.1) 0.0 0.0 0.2 0.1 0.1 (0.0) (0.0) 0.0 0.3 0.1 (0.1) (0.1) (0.2) 15.00 18.26 15.00 18.28 15.04 18.38 14.98 17.94 14.98 17.84 0.00 OUT (0.10) OUT 0.4 0.0 0.0 0.2 (0.0) 0.1 (0.1) (0.0) 0.1 (0.0) 0.0 0.1 (0.3) 0.0 0.0 (0.0) 0.1 (0.0) (0.3) (0.0) 0.1 (0.0) 0.0 (0.0) 0.0 0.0 0.0 (0.3) (0.1) (0.0) 0.0 (0.0) 0.8 (0.0) (0.3) 7.3 (0.4) 0.0 (0.1) (0.1) 0.1 0.0 (0.3) (0.1) 0.4 (0.0) 0.0 0.0 (0.1) 0.0 0.3 (0.3) (0.2) (0.0) (0.0) (0.0) 2.39 7.60 24.00 80.00 2.94 1.83 4.60 0.98 2.39 7.60 23.98 80.00 3.04 1.82 4.60 1.00 2.40 7.54 23.98 81.98 3.02 1.81 4.72 0.98 2.40 7.54 23.90 81.20 2.96 1.79 4.66 0.97 2.38 7.54 23.90 80.34 2.95 1.76 4.66 0.95 (0.02) 0.00 0.00 (0.86) (0.01) (0.03) 0.00 (0.02) OUT IN OUT OUT IN OUT IN IN 0.1 (0.3) (0.8) (0.0) (12.0) (0.5) 0.7 46.20 46.12 46.90 46.90 46.80 (0.10) IN 0.2 1.0 0.0 (0.7) (4.3) 0.0 0.1 (1.1) 0.0 (0.8) (0.8) (0.1) (1.5) (5.6) (0.0) 0.9 3.2 (0.0) (0.9) 0.4 (0.1) 9.27 5.49 0.12 9.32 5.49 0.13 9.51 5.55 0.12 9.36 5.68 0.12 9.25 5.63 0.12 (0.11) OUT (0.05) IN 0.00 OUT 0.3 0.1 (0.1) 0.1 0.3 (0.2) 0.1 2.92 2.86 2.85 2.84 2.82 (0.02) OUT (5.4) (0.0) 0.5 (0.0) (6.9) (0.2) 0.8 (0.5) (16.2) (0.7) (7.3) (0.2) 7.7 (0.3) 4.77 4.02 4.77 4.00 4.77 4.05 4.77 4.00 4.77 4.00 (0.0) 0.0 (0.2) 0.3 0.1 (0.1) 0.0 (0.1) 0.2 (0.1) 0.0 0.1 (0.2) 0.3 (0.1) (0.1) 0.3 (0.2) 0.0 0.0 (0.1) 0.5 (1.1) 0.8 0.0 0.1 0.1 (0.1) 0.1 (0.1) (0.1) 0.2 0.1 (0.3) 0.2 4.95 6.28 1.97 4.92 2.14 4.88 6.18 1.96 4.91 2.11 4.94 6.19 1.98 4.90 2.11 4.90 6.19 1.98 4.90 2.09 4.92 6.17 1.97 4.88 2.06 0.3 0.3 0.3 0.1 0.3 0.1 (0.0) 0.8 (0.1) (0.3) 0.6 0.0 (0.0) 7.75 1.29 7.94 1.27 7.90 1.28 0.01 0.1 7.50 1.30 7.91 (0.0) 1.28 0.00 (0.4) 0.2 0.0 0.6 0.0 0.0 0.6 0.1 0.0 (0.0) 0.3 0.0 0.1 (0.1) 0.1 0.8 0.5 0.1 (0.6) 0.2 (0.0) 0.1 (0.4) 0.1 2.68 1.20 2.38 2.66 1.21 2.38 2.71 1.22 2.38 2.67 1.20 2.38 2.69 1.18 2.35 Page 1 of 2 0.00 0.00 OUT IN IN IN OUT OUT OUT IN IN OUT 0.02 IN (0.02) IN (0.01) OUT (0.02) OUT (0.03) IN OUT OUT 0.02 OUT (0.02) OUT (0.03) IN
29. TA Securities A Member of the TA Group Total Money Flow (RM' mn) (A) (B) Prv. Chg Cur. Chg 10-Apr 11-Apr 12-Apr 13-Apr 14-Apr Total 5D MF (0.1) (0.0) (0.0) (0.1) (0.0) 0.0 (0.0) (0.0) (0.0) (0.1) 0.0 (0.0) 0.3 (0.1) 0.7 (0.7) (0.0) 2.6 1.3 (0.1) (2.6) 0.4 (0.2) (5.9) (0.0) (0.5) (0.1) 0.8 (0.0) (0.9) (0.0) (0.9) 0.0 (0.0) 0.0 0.0 0.0 (0.0) 0.0 (0.1) 0.1 (0.5) 0.0 (0.4) (5.8) 0.0 (0.2) (3.3) 0.0 0.3 5.4 0.0 (0.0) (0.0) 0.1 0.1 (0.0) 0.1 (0.2) 0.2 (0.1) 0.0 0.1 (0.0) (0.8) 0.2 (1.1) (0.2) 0.0 1.6 (0.0) 0.3 0.0 (0.3) 0.1 2.4 1.1 (0.0) (0.8) 0.1 0.8 0.1 1.3 (0.1) (0.2) 1.8 0.0 2.7 (2.1) (0.0) 12.3 2.5 (0.1) 4.8 (1.9) (0.1) (1.4) 0.3 (0.1) 2.6 20.0 0.1 2.8 (7.5) (4.3) (3.9) (4.4) 1.7 0.0 (0.1) 0.0 0.1 0.0 (0.0) 0.0 (0.0) (0.0) 0.0 (0.0) 0.0 (0.5) 0.7 0.0 0.0 (0.0) (0.0) (0.1) 0.1 (0.0) (0.1) (0.2) (0.0) (0.1) (0.8) (0.0) (0.0) (0.1) 0.0 (0.1) (0.1) (1.2) 0.0 (0.2) (0.1) 0.2 0.1 (0.4) 0.1 (0.0) (0.4) 0.7 (2.0) 0.1 (0.6) (0.1) 0.0 0.2 0.3 (0.1) 0.1 0.1 0.0 (0.1) (0.0) (0.0) 0.0 0.0 0.0 (0.0) (0.0) 0.0 (0.0) 0.0 0.0 0.0 (0.0) 0.5 (0.1) (0.2) (0.9) (0.0) 0.0 (0.3) (1.1) (0.1) (0.1) (0.3) 0.3 0.1 TENAGA 5.7 YTLPOWR (0.1) TELECOMMUNICATIONS 0.4 11.3 0.2 0.7 (17.1) 0.1 0.2 (25.4) 0.1 (0.1) (0.2) (2.2) 1.2 (1.1) (0.5) 1.0 (0.4) (10.9) (0.1) (36.4) 0.3 (8.3) (0.0) 14.4 (0.2) AXIATA DIGI (0.8) (0.1) (1.4) (0.4) 0.3 (0.9) (1.5) 1.8 0.4 0.5 (0.9) (1.3) (1.6) (0.5) (0.8) (3.0) 0.0 0.4 (2.6) 1.2 1.0 0.4 0.4 0.9 (0.0) 1.9 (2.7) (3.7) 0.5 (1.4) 0.8 4.9 (0.0) 0.4 0.1 0.1 0.0 (0.1) (0.0) (0.5) 0.1 0.2 0.1 (0.4) (0.1) (0.5) 0.1 0.0 0.0 0.0 (0.1) 0.5 (0.1) (0.3) (0.3) (0.2) (0.1) (0.2) (0.1) (0.2) (0.3) 0.1 (0.5) (0.0) (1.2) (0.1) 0.3 0.2 1.0 (3.4) (0.8) (1.1) 0.7 (1.8) 0.0 (3.3) (3.6) 0.2 1.5 (0.0) 0.8 (0.0) (0.1) (0.1) 0.2 (0.0) 0.9 0.1 3.2 (0.0) 0.3 (B) 11-Apr 14-Apr Total 5D MF (A) 10-Apr Prv. Chg Cur. Chg Name OIL & GAS EATECH MHB MISC PANTECH PCHEM SKPETRO UMWOG UZMA PLANTATIONS FGV IJMPLANT IOICORP KLK SIME UMCCA PROPERTY GLOMAC HUAYANG IOIPG MAHSING SPSETIA SUNWAY REIT SUNREIT CMMT POWER & UTILITIES MALAKOF PETDAG PETGAS MAXIS TM TECHNOLOGY Semiconductor & Electronics IRIS (0.0) INARI 0.2 MPI UNISEM TRANSPORTATION Airlines AIRASIA AIRPORT Freight & Tankers TNLOGIS WSPRT Total Money Flow (S$' mn) Name 12-Apr 13-Apr OCBC UOB PLANTATIONS (1.0) 0.3 1.3 1.7 0.4 (0.1) (0.4) 0.4 0.3 (0.5) (0.1) WILMAR IFAR (0.6) (0.2) (0.4) (0.2) 0.0 (0.0) (0.0) 0.0 11-Apr 12-Apr 13-Apr 0.66 1.00 0.66 1.01 0.66 1.01 0.65 1.01 7.30 0.62 7.73 7.32 0.63 7.63 7.43 0.62 7.80 7.39 0.62 7.75 0.00 0.65 0.00 0.66 0.00 0.66 0.00 0.64 1.91 1.85 1.95 1.97 2.03 2.05 2.04 2.02 3.20 4.59 3.18 4.50 3.20 4.50 3.14 4.40 24.46 9.34 6.40 24.46 9.32 6.42 24.48 9.30 6.36 24.10 9.28 6.22 0.73 1.10 0.72 1.09 0.71 1.08 0.72 1.08 2.06 1.49 2.05 1.48 2.05 1.49 2.04 1.49 3.50 3.32 3.50 3.30 3.50 3.29 3.55 3.30 1.72 1.62 1.71 1.61 1.70 1.60 1.70 1.59 1.27 24.00 1.26 24.04 1.26 24.08 1.23 24.16 19.68 13.70 1.51 19.68 13.72 1.48 19.68 13.72 1.52 19.56 13.74 1.52 14-Apr 0.64 0.98 7.31 0.62 7.60 0.00 0.64 1.94 1.98 3.10 4.40 23.82 9.27 Chg (A+B) DMF (0.02) OUT (0.04) OUT (0.08) OUT 0.00 IN (0.15) IN 0.00 OUT (0.01) IN (0.03) OUT (0.04) IN (0.04) OUT 0.00 OUT (0.28) OUT (0.01) OUT 6.20 (0.02) 0.71 1.07 2.03 1.47 3.55 (0.01) OUT (0.01) OUT (0.01) OUT (0.02) IN 0.00 OUT 3.29 (0.01) IN 1.70 0.00 1.60 0.01 IN OUT 1.23 24.00 19.48 13.70 1.51 IN 0.00 OUT (0.16) OUT (0.08) OUT (0.04) IN (0.01) OUT 5.06 5.10 (0.07) 0.00 6.42 6.40 0.00 0.01 IN 5.10 5.08 5.19 5.13 5.10 6.34 6.33 5.09 6.37 6.35 5.10 6.41 6.39 5.10 6.42 6.39 0.18 2.05 11.88 0.18 2.06 11.84 0.18 2.05 11.80 0.17 1.97 11.22 3.12 3.15 3.12 3.04 10.80 2.96 3.4 3.08 7.25 3.05 7.20 3.05 7.29 3.07 7.23 7.10 (0.02) OUT (0.13) OUT 0.0 0.7 1.85 4.03 1.86 4.00 1.83 4.06 1.80 4.05 1.77 4.06 (0.03) 0.01 FSSTI BANKS & FINANCIAL SERVICES DBS 0.7 CLOSING PRICE 10-Apr 0.16 1.90 3.05 (0.01) IN (0.07) OUT (0.42) OUT (0.08) OUT CLOSING PRICE 10-Apr 11-Apr 12-Apr 13-Apr 14-Apr Chg 3,181.5 3,174.8 3,186.0 3,169.2 3,169.2 19.16 9.59 21.97 19.25 9.70 22.04 19.09 9.68 21.89 19.09 0.00 9.68 21.89 0.00 0.00 3.51 0.49 0.00 0.00 0.3 2.5 0.4 0.0 (0.5) (0.1) (0.8) 0.7 (0.1) (0.5) 0.0 0.0 19.13 9.65 21.97 (0.2) 0.0 (1.6) 0.0 0.2 0.0 0.0 0.0 3.52 3.49 3.52 3.51 0.51 0.50 0.50 0.49 IN IN IN IN IN (A+B) DMF 0.00 IN OUT OUT IN IN Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. Page 2 of 2
30. Technical View TA Securities Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Daily Money Flow of the Plantation Sector Malaysia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Name Tel: +603-2167 9607 Total Money Flow (RM' mn) KL PLANT 10-Apr 0.4 11-Apr 2.2 12-Apr 10.4 13-Apr 8.6 BKAWAN BLDPLNT (0.0) 0.0 0.0 0.0 0.1 (0.0) (0.1) 0.0 CEPAT CHINTEK DUTALND 0.0 0.0 (0.0) 0.0 (0.0) (0.0) (0.0) 0.0 0.0 0.0 0.0 (0.0) 0.0 (0.0) 0.0 (0.0) (0.8) (0.1) 0.0 0.2 (0.7) (0.0) (1.1) (0.1) 0.0 (0.2) 1.7 0.0 (0.1) 0.0 (0.1) 0.0 0.1 0.0 0.0 0.0 0.0 (0.0) 0.0 1.6 (0.0) FAREAST FGV GENP GLBHD GOPENG HSPLANT HARNLEN IJMPLNT INCKEN IOICORP KMLOONG KLUANG KRETAM KLK KULIM KWANTAS MHC NSOP PINEPAC PLS RSAWIT RVIEW SOP SWKPLNT SBAGAN TDM THPLANT TSH UNICO UMCCA UTDPLT 14-Apr (0.0) 0.0 stsoo@ta.com.my (A) Total 5D MF Prv. Chg 21.6 (1.8) (B) Cur. Chg (8.6) www.taonline.com.my CLOSING PRICE 10-Apr 8,107.1 11-Apr 8,065.6 12-Apr 8,075.6 13-Apr 7,948.2 14-Apr 7,914.0 (A+B) DMF Chg (34.13) OUT 0.1 (0.0) (0.2) 0.0 0.1 0.0 19.30 8.53 19.30 8.53 19.30 8.52 19.20 8.52 19.30 8.52 0.0 (0.1) (0.1) 0.0 (0.0) 0.0 0.0 0.0 0.0 0.0 (0.1) 0.88 8.04 0.87 8.04 0.87 8.05 0.85 8.05 (0.0) 1.1 (0.0) (0.8) 0.0 0.8 0.0 1.3 0.48 9.00 0.49 8.69 0.49 8.69 0.48 8.57 0.85 8.05 0.48 0.10 OUT 0.00 IN (0.01) IN 0.00 IN (0.01) OUT 1.7 0.0 (1.5) (0.0) 2.04 11.66 0.63 2.02 11.32 0.63 0.00 (0.04) 1.0 (0.0) 2.05 11.40 0.63 8.57 1.98 0.2 (0.0) 2.03 11.38 0.63 (0.0) 0.0 (0.0) (0.0) 1.26 2.60 1.18 2.60 0.0 (0.0) 0.0 (0.0) 0.0 1.27 2.60 (0.0) 0.1 (0.1) (0.0) 0.0 1.27 2.60 (0.0) 0.0 (0.2) (0.0) 0.0 0.83 3.20 0.83 3.14 (0.0) 2.4 0.0 0.0 (1.4) (0.1) 0.0 0.85 3.18 (0.0) (0.3) (0.0) 0.1 0.0 0.85 3.20 0.0 0.3 (0.1) 0.1 0.0 2.6 (0.1) 2.8 0.0 (3.9) (0.1) 0.69 4.59 3.77 0.69 4.50 3.68 0.68 4.50 3.71 0.68 4.40 3.73 0.0 (0.1) 0.0 (0.1) (0.0) (0.2) (0.0) 0.0 3.30 0.57 4.8 0.0 0.0 (0.1) (4.4) 3.30 0.58 12.3 0.0 0.0 0.2 (7.5) 3.40 0.59 2.7 0.0 (0.0) (0.3) 20.0 3.40 0.59 (0.2) 0.0 (0.0) 0.3 24.10 0.00 0.0 (0.0) 0.0 0.0 24.48 0.00 0.0 (0.0) 0.0 0.0 24.46 0.00 0.0 (0.0) 0.0 0.0 24.46 0.00 0.0 (0.0) 0.0 0.0 (0.0) 1.57 0.86 (0.0) (0.0) 0.0 0.0 (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 1.57 0.87 (0.0) (0.0) (0.0) (0.0) 0.0 1.57 0.88 (0.0) 0.0 (0.0) (0.0) (0.0) 1.57 0.88 (0.0) (0.0) 0.0 (0.0) (0.0) 0.0 4.22 0.30 1.18 4.22 0.30 1.18 4.15 0.28 1.19 4.20 0.28 1.18 0.0 (0.0) (0.0) 0.1 (0.0) (0.0) (0.0) 0.0 (0.0) 0.0 0.50 3.94 0.49 3.94 (0.0) (0.0) 0.0 0.0 0.0 (0.0) 0.0 0.0 (0.0) 0.50 3.97 0.0 (0.0) 0.0 0.0 0.0 0.50 3.92 0.1 (0.0) (0.0) 0.1 0.1 3.50 1.68 3.46 1.64 (0.0) 0.0 0.0 (0.0) (0.0) (0.0) 0.0 (0.0) (0.0) 0.0 3.55 1.67 (0.0) 0.0 0.0 0.0 0.0 3.56 1.68 0.0 0.0 (0.0) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) 3.04 0.68 1.16 3.02 0.68 1.15 3.02 0.67 1.16 3.02 0.67 1.14 0.0 0.0 0.0 0.0 (0.2) 0.0 (0.0) 0.0 (0.0) 0.0 1.80 0.00 1.79 0.00 (0.1) 0.0 (0.1) (0.0) 0.0 (0.0) 0.0 0.0 0.1 1.81 0.00 (0.0) 0.0 0.2 0.0 0.0 1.79 0.00 0.0 (0.2) (0.2) 0.0 (0.1) (0.2) (0.0) 0.0 6.40 28.30 6.42 28.30 6.36 28.50 6.22 27.80 0.0 (0.0) (0.0) (0.0) Sources: Bloomberg, TA Securities Page 1 of 4 11.30 0.62 1.18 2.59 0.84 3.10 0.69 4.40 3.69 3.30 0.56 23.82 0.00 1.57 0.88 4.18 0.27 1.18 IN IN (0.02) IN (0.01) OUT 0.00 OUT (0.01) OUT 0.01 IN (0.04) OUT 0.01 IN 0.00 OUT (0.04) OUT 0.00 OUT (0.01) IN (0.28) OUT 0.00 OUT 0.00 OUT 0.02 OUT (0.02) IN 0.49 3.94 3.44 (0.01) IN 0.00 OUT (0.01) IN 0.00 IN (0.02) IN 1.66 3.05 0.02 0.03 IN 1.78 0.00 6.20 IN (0.01) OUT 0.01 OUT (0.01) IN 0.00 OUT (0.02) IN 28.10 0.30 OUT 0.66 1.15
31. TA Securities A Member of the TA Group Daily Money Flow of the Construction Sector Malaysia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY * Chartist: Stephen Soo Name KL CONSTR 10-Apr (0.3) Tel: +603-2167 9607 Total Money Flow (RM' mn) 11-Apr 12-Apr 13-Apr (0.5) Total 5D MF (A) Prv. Chg (B) Cur. Chg 10-Apr (1.3) (5.8) (1.5) 1.2 (0.0) (0.1) (0.0) 0.1 0.1 (0.1) 1.01 0.1 (0.1) (0.2) 1.00 (0.1) (0.0) (0.0) 0.55 0.54 (0.0) 0.0 (0.0) (0.0) 0.0 (0.0) 0.76 0.75 (0.0) (0.0) (0.0) (0.1) (0.0) (0.2) (0.0) (0.2) 0.0 0.0 (0.0) (0.3) (0.1) 0.1 0.46 0.92 0.0 0.0 0.0 0.0 0.0 0.1 0.0 (0.0) (0.0) (0.0) (0.0) 0.0 (0.2) 0.3 0.2 (0.3) 0.0 (0.3) (0.0) (0.3) 0.0 (0.4) 0.0 (0.0) (0.1) (0.0) BDB (0.0) 0.0 BPURI BREM (0.0) (0.0) CRESBLD DKLS EKOVEST 329.8 11-Apr (2.6) AZRB BENALEC (1.1) 14-Apr stsoo@ta.com.my 328.2 www.taonline.com.my CLOSING PRICE 12-Apr 13-Apr 328.6 14-Apr Chg (A+B) DMF 327.3 325.7 1.00 1.00 0.53 0.53 1.00 0.51 (1.56) OUT 0.76 0.75 0.74 0.46 0.91 0.46 0.95 0.46 0.95 0.44 IN (0.01) OUT (0.02) IN 0.92 (0.02) IN 0.92 0.93 0.94 0.94 0.94 0.00 OUT 0.0 (0.1) 1.88 1.82 1.80 1.80 1.37 1.40 1.37 1.36 1.80 1.33 0.00 (0.02) IN SENDAI 0.0 (0.0) 0.1 0.1 0.0 0.2 0.1 (0.1) 0.72 0.72 0.75 0.73 0.71 0.00 IN (0.03) OUT (0.02) OUT FAJAR (0.0) (0.0) (0.0) (0.1) (0.1) (0.0) 0.0 (0.1) (0.0) (0.2) 0.1 (0.0) (0.1) 0.0 0.75 1.27 0.74 1.25 (0.02) (0.2) 0.76 1.28 0.72 (0.1) 0.77 1.32 (0.2) (0.3) 0.0 (0.2) 0.1 1.1 1.27 (1.2) (0.2) (0.6) 1.30 (0.6) (0.8) (2.1) 1.32 (0.2) (0.1) (0.1) 1.28 (0.1) 5.20 5.15 5.12 5.10 1.26 5.10 GBGAQRS GADANG GAMUDA 1.22 IN (0.03) OUT (0.01) OUT 0.00 IN HOHUP 0.3 (0.1) (0.0) (0.0) (0.0) 0.2 (0.0) (0.0) 0.89 0.86 0.87 0.85 0.82 HSL (0.0) (0.1) 0.0 (0.6) (0.0) (1.1) (0.0) (0.0) (0.0) 0.0 (0.3) (2.2) (0.5) 0.8 1.68 3.48 1.68 3.44 1.68 3.45 1.67 3.46 1.66 IJM (0.0) (0.2) 3.48 0.02 IN IREKA (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) 0.66 0.66 0.65 0.65 0.65 0.00 OUT JAKS KIMLUN (0.1) 0.2 0.2 0.3 (0.3) (0.0) 1.67 0.0 0.1 0.0 1.69 (0.0) 0.5 (0.0) 1.66 (0.0) (0.1) 0.0 1.65 0.0 2.27 2.27 2.24 2.24 1.65 2.22 (0.03) OUT (0.01) OUT (0.02) OUT (0.02) IN 0.00 OUT KEURO 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00 0.00 0.00 0.00 0.00 JETSON (0.0) (0.3) (0.0) (0.1) 0.0 0.5 (0.0) (0.1) 0.0 (0.0) (0.3) (0.2) 0.6 (0.8) 0.41 1.72 0.40 1.72 0.40 1.70 0.40 1.66 0.39 MRCB (0.0) (0.0) MELATI 0.0 0.0 0.0 (0.0) (0.0) (0.0) (0.0) 0.0 0.91 0.90 0.90 0.94 0.94 MERGE MITRA 0.0 0.0 0.0 (0.0) 0.33 (0.5) (0.0) 0.4 0.32 (0.0) (0.0) (0.5) 0.32 (0.1) (0.0) (0.8) 0.32 (0.0) (0.0) (0.1) 1.36 1.33 1.34 1.34 0.31 1.33 (0.0) (0.1) 0.0 0.0 (0.1) 0.0 (0.0) (0.1) (0.1) 0.0 0.0 (0.1) (0.0) 0.0 0.38 1.12 0.38 1.11 0.40 1.10 0.40 1.08 0.38 MUDAJYA (0.0) (0.0) (0.02) OUT (0.01) OUT (0.02) OUT 1.05 (0.03) MUHIBAH 0.0 (0.2) (0.1) 0.2 0.3 0.2 0.3 0.1 2.84 2.81 2.83 2.83 2.83 0.00 PESONA PTARAS (0.0) (0.0) (0.0) (0.1) 0.71 0.0 0.0 (0.0) 0.70 (0.0) (0.1) 0.0 0.69 (0.1) (0.1) (0.1) 0.70 (0.1) (0.0) (0.0) 3.60 3.60 3.56 3.55 0.70 3.55 PLB (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) 0.0 1.52 1.52 1.45 1.49 1.49 PSIPTEK (0.0) (0.0) (0.0) 0.0 (0.0) (0.0) 0.1 0.1 0.0 0.1 0.0 (0.1) (0.1) 0.0 0.19 1.08 0.19 1.08 0.19 1.09 0.19 1.09 0.20 PRTASCO 0.1 (0.0) SYCAL (0.0) 0.0 (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) 0.37 0.36 0.36 0.36 0.35 TRC TRIPLC (0.1) (0.1) 0.0 (0.0) 0.58 (0.0) 0.0 0.0 0.59 0.0 (0.0) (0.0) 0.60 (0.0) (0.1) 0.0 0.60 0.0 0.0 (0.0) 1.82 1.76 1.83 1.80 0.58 1.76 TSRCAP 0.0 0.0 0.0 (0.0) (0.0) (0.0) (0.1) (0.0) 0.71 0.70 0.71 0.70 0.68 WCT 0.8 0.0 0.3 (0.0) 0.1 0.0 (0.1) 1.6 (0.2) (0.2) (0.0) (0.0) 0.0 (0.0) 2.06 0.63 1.99 0.63 2.00 0.62 2.00 0.63 1.96 ZECON 0.4 (0.0) ZELAN (0.0) (0.1) (0.0) (0.0) (0.0) (0.2) (0.0) 0.0 0.18 0.17 0.18 0.17 0.17 MTDACPI Sources: Bloomberg, TA Securities Page 2 of 4 1.63 1.08 0.62 (0.01) OUT (0.03) OUT 0.00 OUT IN IN (0.02) OUT 0.00 IN 0.00 OUT 0.02 IN (0.01) OUT (0.01) IN 0.00 IN (0.04) OUT (0.01) OUT (0.04) OUT (0.01) IN 0.00 OUT
32. TA Securities A Member of the TA Group Daily Money Flow of the Property Sector Malaysia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY * Chartist: Stephen Soo Name Tel: +603-2167 9607 Total Money Flow (RM' mn) (B) 13-Apr 14-Apr Total 5D MF (A) 12-Apr Prv. Chg Cur. Chg (0.2) 1.9 (2.0) (0.5) (1.1) (3.9) 1.5 0.1 (0.0) 0.1 (0.0) (0.1) (0.0) 0.0 (0.0) 0.0 (0.1) 0.0 0.0 (0.1) (0.0) (0.1) 0.1 (0.0) 0.3 (0.0) 0.0 (0.0) 0.1 (0.0) 0.0 0.0 (0.0) (0.0) 0.0 0.0 0.0 0.0 (0.0) 0.0 0.0 0.1 0.0 (0.0) 0.0 (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) (0.0) (0.0) (0.1) (0.1) (0.0) (0.1) (0.0) (0.0) (0.1) (0.0) 0.0 (0.0) (0.0) 0.2 0.0 0.0 (0.0) (0.0) (0.0) (0.2) (0.0) (0.1) (0.0) 0.0 0.0 (0.2) (0.0) (0.0) (0.0) 0.0 (0.0) (0.3) (0.0) (0.0) (0.0) 0.0 0.0 (0.2) (0.0) (0.1) (0.0) 0.0 0.0 (0.0) 0.0 0.1 0.0 0.1 0.0 (0.0) 0.0 0.1 0.0 (0.8) (0.0) 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.1 0.0 0.3 0.0 0.0 (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) (0.1) (0.0) (0.0) (0.0) 0.0 0.0 0.0 (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) (0.1) (0.0) 0.0 (0.0) (0.0) (0.0) (0.2) (0.0) 0.0 (0.1) (0.0) (0.0) (0.1) (0.0) 0.0 (0.0) (0.0) 0.0 0.0 (0.0) 0.0 0.0 0.0 0.0 (0.0) 0.0 0.0 (0.0) (0.0) 0.0 (0.0) (0.0) 0.1 (0.0) 0.0 0.0 (0.0) 0.0 0.1 0.0 0.0 0.0 (0.0) (0.0) 0.1 (0.1) 0.0 0.0 (0.0) (0.1) 0.0 (0.0) (0.0) (0.1) (0.1) 0.0 (0.1) (0.0) (0.1) (0.0) 0.0 0.0 0.0 0.0 (0.1) 0.0 0.0 (0.0) (0.0) (0.1) 0.0 (0.1) (0.0) 0.0 (0.2) 0.1 (0.1) (0.0) 0.0 2.4 (0.1) (0.0) (0.0) (0.0) (1.3) (0.0) 0.0 0.0 0.0 (0.0) 0.0 0.0 (0.0) (0.0) 0.3 (0.2) 0.0 (0.1) (0.0) (0.0) (0.0) (0.1) 0.0 0.0 (0.0) 0.0 (0.1) 0.1 (0.0) 0.0 0.0 (0.1) 0.2 0.0 (0.0) 0.7 (0.0) 0.0 (0.1) 0.0 0.0 0.0 (0.0) (0.0) (0.3) (0.0) (0.0) (0.0) (0.0) 0.0 (0.2) 0.0 0.0 0.1 (0.0) 0.6 (0.1) (0.0) (0.0) (0.1) 1.4 (0.1) (0.3) (0.1) (0.4) (3.7) 0.0 0.0 0.0 0.1 1.9 (0.1) (0.0) (0.0) 0.1 (0.0) (0.1) 0.0 0.0 0.0 0.0 (0.0) 0.3 0.0 0.0 (0.0) 0.0 0.0 (0.0) (0.0) 0.1 (0.0) 0.2 0.0 (0.1) 0.0 0.1 (0.0) (0.1) 0.0 0.0 (0.0) 0.1 (0.0) (0.1) 0.0 0.0 0.7 0.0 (0.0) 0.1 0.0 0.0 0.1 (0.0) 0.0 (0.0) (0.0) 0.0 (0.1) 0.1 (0.0) (0.1) (0.0) (0.0) (0.0) 0.1 0.0 0.0 0.1 0.0 0.2 (0.0) (0.0) 0.0 0.0 (0.0) (0.0) 0.2 (0.0) 0.0 0.2 0.0 (0.0) (0.1) (0.0) 0.0 0.0 (0.0) (0.0) 0.1 (0.0) 0.1 0.2 0.0 0.0 (0.0) (0.0) (0.3) 0.2 (0.0) (0.0) (0.1) 0.0 0.1 (0.1) (0.0) 0.0 0.0 0.1 (0.0) (0.0) (0.2) 0.0 (0.0) 0.0 0.3 0.0 0.1 0.0 0.2 0.0 (0.1) (0.0) (0.4) 0.0 0.0 10-Apr 11-Apr KL PROP (0.3) A&M AMPROP 0.1 0.0 0.0 (0.0) 0.1 ASIAPAC BCB BJASSET BERTAM CHHB CVIEW CRESNDO DAIMAN DBHD TROP E&O ENCORP EUPE FARLIM ECOWLD GOB GLOMAC GMUTUAL GUOCO HUAYANG HUNZPTY IBHD IBRACO IGB IVORY KBUNAI JKGLAND KEN KLCCP KSL L&G LBICAP LBS LIENHOE MAGNA MAHSING MJPERAK MPCORP MALTON MEDAINC MENANG MKLAND MKH MUIPROP THRIVEN NAIM OSKPROP PARAMON PASDEC stsoo@ta.com.my Sources: Bloomberg, TA Securities Page 3 of 4 www.taonline.com.my CLOSING PRICE 10-Apr 11-Apr 12-Apr 13-Apr 14-Apr Chg (A+B) DMF 1,307.4 1,306.2 1,309.9 1,301.2 1,291.6 (9.54) OUT 1.58 0.83 0.20 0.50 1.01 1.58 0.83 0.21 0.50 1.02 1.60 0.83 0.22 0.50 1.00 1.57 0.83 0.20 0.49 1.01 1.61 0.82 0.51 1.40 1.67 1.70 2.28 0.82 0.51 1.39 1.66 1.70 2.28 0.84 0.51 1.35 1.67 1.69 2.27 0.80 0.50 1.40 1.65 1.68 2.26 0.79 0.04 IN (0.01) OUT (0.01) IN 0.01 OUT 0.00 IN (0.02) OUT (0.04) OUT 1.00 1.86 0.87 1.09 0.56 0.00 1.01 1.89 0.86 1.09 0.56 0.00 1.00 1.88 0.86 1.06 0.56 0.00 1.00 1.87 0.85 1.08 0.56 0.00 0.45 0.73 0.46 1.33 1.10 0.43 0.72 0.46 1.33 1.09 0.43 0.71 0.47 1.35 1.08 0.42 0.72 0.46 1.34 1.08 0.00 0.61 0.96 2.95 0.57 0.07 0.00 0.61 0.94 2.94 0.56 0.07 0.00 0.61 0.98 2.94 0.57 0.08 0.00 0.60 0.95 2.93 0.55 0.07 0.13 0.96 8.00 1.23 0.32 0.12 0.96 7.84 1.23 0.25 0.13 0.98 7.84 1.22 0.25 0.13 0.95 7.82 1.22 0.25 1.27 2.08 0.31 1.51 1.49 0.39 1.27 2.04 0.29 1.51 1.48 0.41 1.27 2.04 0.29 1.53 1.49 0.39 1.30 2.01 0.30 1.54 1.49 0.38 0.17 1.35 0.46 0.83 0.34 3.00 0.17 1.38 0.46 0.87 0.34 2.95 0.20 1.36 0.45 0.87 0.33 2.95 0.20 1.37 0.46 0.87 0.33 2.96 0.33 0.29 1.61 1.61 1.76 0.36 0.28 1.60 1.62 1.75 0.35 0.30 1.61 1.64 1.75 0.35 0.28 1.60 1.61 1.75 0.60 0.61 0.64 0.62 0.19 0.50 1.01 0.48 1.36 1.65 1.65 2.25 0.78 1.00 1.85 0.83 1.13 0.56 0.00 0.41 0.71 0.45 1.31 1.07 0.00 0.60 0.96 2.93 0.53 0.07 0.12 0.95 7.80 1.20 0.25 1.27 2.00 0.00 OUT (0.03) IN (0.01) IN (0.02) IN 0.01 IN (0.02) IN (0.02) IN 0.05 OUT 0.01 OUT 0.00 OUT (0.01) OUT (0.01) OUT (0.01) IN (0.03) OUT (0.01) OUT 0.00 OUT 0.00 IN 0.01 IN 0.00 OUT (0.02) OUT 0.00 IN (0.01) IN 0.00 OUT 0.30 1.54 1.47 0.35 0.19 1.37 (0.02) OUT (0.02) OUT (0.01) IN (0.03) IN (0.01) IN 0.00 IN 0.00 IN (0.02) IN (0.03) IN (0.01) OUT 0.00 OUT 0.46 0.86 0.32 2.92 0.35 0.27 0.00 (0.02) (0.01) (0.04) (0.01) (0.01) 1.58 1.61 1.75 0.61 OUT OUT IN OUT IN OUT (0.02) OUT 0.00 OUT 0.00 IN (0.02) OUT
33. TA Securities A Member of the TA Group Name Total Money Flow (RM' mn) (A) Total 5D MF Prv. Chg (B) 10-Apr 11-Apr 12-Apr 13-Apr 14-Apr 0.0 (0.0) 0.0 0.0 (0.0) 0.0 (0.0) 0.0 0.0 0.0 0.0 0.0 (0.0) (0.0) 0.1 (0.1) 0.0 (0.0) (0.0) 0.0 (0.1) 0.0 (0.0) 0.0 (0.0) 0.0 (0.1) (0.0) 0.0 (0.2) (0.0) 0.0 0.1 (0.0) 0.0 (0.0) (0.0) 0.1 0.0 (0.0) 0.1 (0.0) (0.0) (0.0) (0.0) 0.0 0.0 (0.0) (0.0) 0.0 0.0 (0.0) 0.0 0.0 (0.0) (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) (0.0) 0.1 (0.0) (0.1) 0.0 (0.0) 0.0 0.0 (0.0) 0.0 (0.0) (1.2) 0.0 0.0 (0.2) (0.1) 0.0 0.2 0.1 (0.0) (0.4) 0.1 0.0 0.0 (0.0) 0.0 0.0 (0.0) 0.0 0.0 (0.4) 0.2 (2.0) 0.3 (0.6) (0.1) 0.0 0.1 0.0 (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 0.0 0.0 0.0 (0.0) (0.0) (0.0) (0.1) (0.0) 0.0 0.0 (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) (0.0) 0.0 (0.1) (0.0) 0.0 0.0 0.0 (0.0) 0.0 0.0 0.0 (0.0) (0.1) (0.0) (0.0) 0.0 0.0 (0.0) 0.3 0.0 (0.1) (0.0) (0.4) (0.0) 0.1 0.1 0.0 0.0 0.2 0.0 0.0 (0.0) (0.0) 0.0 0.0 (0.2) 0.1 0.0 0.5 (0.2) 0.0 (0.3) 0.0 WINGTM Y&G (0.1) (0.0) 0.0 0.0 (0.2) 0.0 (0.0) 0.0 (0.0) 0.0 (0.0) 0.0 YNHPROP YTLLAND 0.0 (0.0) 0.0 (0.0) 0.2 0.0 0.1 0.0 (0.0) (0.0) 0.4 (0.0) (0.1) (0.0) ENRA PTGTIN PJDEV PLENITU SAPRES SBCCORP SDRED SPB SNTORIA SHL SMI SPSETIA SUNWAY SYMLIFE TAGB TAHPS TAMBUN TANCO TALAMT UEMS UOADEV Cur. Chg CLOSING PRICE 10-Apr 11-Apr 12-Apr 13-Apr 14-Apr 2.90 2.67 0.33 0.00 2.78 0.32 0.00 2.70 0.33 0.00 2.80 0.33 0.00 1.67 1.13 1.67 1.16 1.69 1.16 1.67 1.16 0.75 0.95 4.62 0.75 0.95 4.62 0.74 0.93 4.62 0.74 0.93 4.61 0.85 2.85 0.84 2.85 0.83 2.84 0.83 2.83 0.22 3.50 3.32 0.23 3.50 3.30 0.23 3.50 3.29 0.22 3.55 3.30 0.91 0.39 0.91 0.38 0.91 0.38 0.91 0.36 7.00 1.45 0.11 7.15 1.45 0.13 7.15 1.45 0.13 7.15 1.44 0.12 0.05 1.25 0.05 1.23 0.05 1.25 0.05 1.22 0.0 0.0 2.64 1.07 1.05 2.61 1.06 1.05 2.68 1.08 1.05 2.64 1.07 1.05 1.06 1.05 (0.1) (0.0) 1.59 0.64 1.59 0.63 1.62 0.63 1.58 0.63 1.57 0.61 0.32 0.00 1.68 1.15 0.73 0.92 4.60 0.83 2.83 0.23 3.55 3.29 0.90 0.35 6.90 1.45 0.12 0.05 1.19 2.64 Chg (A+B) DMF 0.10 OUT (0.01) OUT 0.00 OUT 0.01 IN (0.01) OUT (0.01) IN (0.01) IN (0.01) OUT 0.00 IN 0.00 IN 0.01 IN 0.00 OUT (0.01) IN (0.01) OUT (0.01) IN (0.25) IN 0.01 IN (0.00) OUT 0.00 IN (0.03) IN 0.00 OUT (0.01) OUT 0.00 OUT (0.01) OUT (0.02) OUT Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 4 of 4
34. TA Securities T e c h n i c a l V i e w Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Ace Market Stock Watch Malaysia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167-9607 stsoo@ta.com.my www.taonline.com.my Report Description: The Weekly Ace Market Stock Watch is a compilation of selected stocks aimed at providing trading ideas and guide for momentum trading. The following table is derived from the 109 Ace Market counters currently listed in Bursa Malaysia. This recommendation is based on combination of fundamental and technical analysis. List of 30 Ace Market Stocks No Code 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 0152 0133 0096 0140 0010 0153 0072 0028 0094 0105 0104 0034 0017 0020 0150 0165 0120 0109 0026 0069 0074 0171 0102 0035 0050 0177 0011 0161 0131 0181 Name Ticker DGB SANICHI [S] NEXGRAM [S] STERPRO [S] IRIS [S] OVERSEA AT [S] SCOPE [S] INIX [S] ASIAPLY [S] GENETEC [S] MMAG [S] M3TECH [S] NETX [S] ASIABIO XOX [S] VIS [S] SCBUILD NOVAMSC [S] VIVOCOM [S] GOCEAN [S] PLABS CONNECT [S] OPCOM [S] SYSTECH [S] PASUKGB [S] BTECH [S] SCH [S] DGSB [S] AEMULUS 0152 MK EQUITY 0133 MK EQUITY 0096 MK EQUITY 0140 MK EQUITY 0010 MK EQUITY 0153 MK EQUITY 0072 MK EQUITY 0028 MK EQUITY 0094 MK EQUITY 0105 MK EQUITY 0104 MK EQUITY 0034 MK EQUITY 0017 MK EQUITY 0020 MK EQUITY 0150 MK EQUITY 0165 MK EQUITY 0120 MK EQUITY 0109 MK EQUITY 0026 MK EQUITY 0069 MK EQUITY 0074 MK EQUITY 0171 MK EQUITY 0102 MK EQUITY 0035 MK EQUITY 0050 MK EQUITY 0177 MK EQUITY 0011 MK EQUITY 0161 MK EQUITY 0131 MK EQUITY 0181 MK EQUITY Operating Margin Return on Revenue Net Income Current Price to Book EPS (RM) PE Ratio (%) (%) Assets (%) (RMmn) (RMmn) Market Closing Volume Cap Price (RM) (million) 3Q16 4Q16 3Q16 4Q16 2015 2016 3Q16 4Q16 3Q16 4Q16 3Q16 4Q16 2015 2016 (RMmn) 17.12 60.09 75.29 61.44 303.64 58.17 39.88 124.98 18.99 55.03 29.37 47.69 11.69 12.51 64.40 72.07 71.95 30.76 58.08 501.30 22.39 51.70 56.44 97.56 79.02 64.93 86.94 90.69 54.24 155.79 0.05 0.09 0.05 0.21 0.16 0.22 0.05 0.24 0.09 0.21 0.87 0.05 0.08 0.04 0.06 0.11 0.76 0.04 0.11 0.16 0.14 0.29 0.28 0.60 0.29 0.13 0.36 0.25 0.06 0.42 1.55 4.07 2.56 10.67 21.44 1.01 6.98 2.03 0.52 0.57 0.01 13.98 0.19 2.65 0.64 1.01 0.67 0.73 0.73 6.78 0.45 1.04 3.34 0.11 1.49 0.05 0.10 2.10 1.08 1.25 0.57 0.41 0.45 0.44 0.81 0.89 0.85 0.75 0.62 1.42 1.60 0.76 1.33 1.21 0.91 0.91 1.05 1.26 1.29 1.48 1.34 1.16 1.30 1.52 1.80 1.52 1.49 1.31 2.12 2.12 0.20 0.28 0.43 0.55 0.60 0.63 0.71 0.72 0.75 0.76 0.79 0.84 0.85 0.92 0.98 1.00 1.09 1.09 1.12 1.18 1.23 1.26 1.29 1.30 1.45 1.56 1.57 1.58 1.73 1.74 0.00 0.00 0.00 0.00 0.00 -0.01 0.00 0.00 -0.01 0.00 -0.06 0.00 0.00 0.00 0.01 0.00 0.02 0.00 0.00 0.00 0.00 0.01 0.00 0.02 0.00 -0.01 0.01 0.00 0.00 0.00 0.00 0.01 -0.01 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 -0.03 -0.01 -0.02 -0.02 -0.01 -0.03 0.02 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 na 21.43 30.26 na na 81.25 49.72 na na na 16.14 na na na na 30.43 na na 65.06 40.44 na 16.76 13.78 37.86 33.16 63.33 13.10 13.38 28.95 19.34 na -153.94 0.10 -9.56 -0.16 0.34 7.12 9.90 21.88 21.00 2.05 2.45 9.63 15.71 8.20 35.81 -146.88 7.39 3.53 13.64 9.57 na -8.52 -42.95 na na 61.82 40.76 51.61 15.97 18.51 -1.69 0.52 145.14 107.75 na -17.52 -8.07 -1.49 -4.59 12.22 18.03 na -8.46 -23.32 -4.27 -4.48 5.19 3.42 48.33 -9.77 26.03 -0.64 1.20 4.29 7.31 na na 19.78 -22.86 -22.58 0.00 2.53 10.20 12.85 9.92 10.13 5.69 14.00 13.64 11.17 -30.75 -15.73 6.04 3.32 19.80 16.59 na -4.09 -12.31 -14.09 -13.72 68.24 58.90 na 9.30 -16.00 -4.35 -12.91 10.18 9.91 na 52.94 -3,004.00 -19.98 -23.93 3.82 0.05 na 7,421.98 -349.30 -38.97 -55.33 0.09 2.94 na 3.32 -21.86 2.67 -9.21 37.51 50.43 6.06 22.85 26.02 4.28 15.11 8.07 11.74 na -13.96 -41.59 -17.77 -9.99 5.72 3.52 85.59 1.85 7.10 0.70 0.96 7.95 8.34 9.41 30.30 16.17 13.39 10.81 55.91 46.01 na -0.19 0.97 -0.13 0.64 57.57 72.30 14.72 8.69 5.34 6.57 6.00 20.79 22.73 na 3.20 -1.03 -4.95 -0.02 19.78 26.02 14.35 7.05 1.89 6.17 5.46 29.13 18.98 44.74 17.34 7.98 2.67 2.70 3.16 3.06 na -24.46 -23.01 -3.79 -6.99 9.40 19.14 17.71 19.86 8.23 10.24 7.48 8.33 6.66 60.00 8.98 -6.40 1.69 2.08 9.87 7.89 55.00 6.34 -9.18 0.97 1.67 20.64 15.70 na -0.38 -38.83 2.01 -3.78 5.50 6.00 -5.37 2.99 6.94 na -20.89 0.59 0.71 -2.89 -0.05 na 4.46 -24.71 -4.36 -11.92 -6.23 0.76 -0.66 -6.73 1.16 8.79 -0.71 3.34 2.69 4.44 3.10 0.90 4.72 6.46 5.14 9.07 Net Income Growth (%) 2015 2016 -0.07 -5.08 98.77 3.78 31.28 26.41 11.49 -51.37 65.44 -33.90 na na 6.32 -189.72 130.23 -3.09 -82.88 -620.78 -2.54 -35.92 -456.74 1.62 -13.75 156.00 -4.96 96.55 -10,257.13 4.12 na na 4.41 -36.38 -1.14 -18.72 -1,543.72 24.22 -5.93 71.92 -35.79 -8.31 na 30.23 -27.43 -865.96 -340.32 -9.58 160.36 -1,365.79 4.29 -153.54 746.16 -3.97 -13.85 40.96 0.51 60.30 -55.94 53.90 137.39 513.17 0.28 87.12 139.35 3.37 10.43 0.82 -0.01 201.21 -100.41 7.42 59.14 67.16 1.20 74.07 -61.13 -6.44 120.89 -817.91 4.83 -8.35 2.42 1.63 -10.18 -74.72 1.40 220.78 -72.71 -2.74 12.86 -130.16 Source: Bloomberg This list is sorted first by the lowest price-to-book ratio from the 109 stocks listed in the Bursa Malaysia Ace Market sector which had reported fourth quarter results. INTERPRETATION OF FUNDAMENTAL INDICATORS: Price to Book: The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market price to its book value. It is also sometimes known as a Market-to-Book ratio. The calculation can be performed in two ways, but the result should be the same each way. Earnings Per Share (EPS): The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. PE Ratio: The price-to-earnings ratio, or P/E ratio, is an equity valuation multiple. It is defined as market price per share divided by annual earnings per share. Revenue: The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Net Income: A company's total earnings (or profit). Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. Page 1 of 2
35. TA Securities A Member of the TA Group Support & Resistance 31 Mar 2017 No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Stock Code 0152 0133 0096 0140 0010 0153 0072 0028 0094 0105 0104 0034 0017 0020 0150 0165 0120 0109 0026 0069 0074 0171 0102 0035 0050 0177 0011 0161 0131 0181 Stock Stop-loss Support 2 Support 1 Current priceResistanceResistance 1 Resistance 2 3 Reward Name SL S2 S1 31-Mar R1 R2 R3 Ratio DGB 0.01 0.02 0.03 0.050 0.06 0.07 0.08 0.50 SANICHI [S] 0.03 0.04 0.05 0.085 0.10 0.11 0.12 0.43 NEXGRAM [S] 0.01 0.02 0.03 0.055 0.06 0.07 0.08 0.20 STERPRO [S] 0.14 0.16 0.18 0.190 0.21 0.24 0.27 2.00 IRIS [S] 0.10 0.12 0.13 0.150 0.17 0.19 0.21 1.00 OVERSEA 0.18 0.20 0.22 0.250 0.26 0.31 0.36 0.33 AT [S] 0.02 0.03 0.04 0.045 0.06 0.08 0.09 3.00 SCOPE [S] 0.18 0.20 0.22 0.250 0.27 0.30 0.33 0.67 INIX [S] 0.02 0.04 0.06 0.095 0.10 0.12 0.15 0.14 ASIAPLY [S] 0.10 0.13 0.15 0.190 0.20 0.23 0.25 0.25 GENETEC [S] 0.60 0.70 0.80 0.850 0.90 1.00 1.10 1.00 MMAG [S] 0.02 0.03 0.04 0.050 0.07 0.08 0.09 2.00 M3TECH [S] 0.03 0.04 0.05 0.075 0.08 0.09 0.10 0.20 NETX [S] 0.01 0.01 0.02 0.025 0.04 0.05 0.06 3.00 ASIABIO 0.03 0.04 0.05 0.055 0.08 0.09 0.10 5.00 XOX [S] 0.04 0.06 0.08 0.100 0.14 0.16 0.18 2.00 VIS [S] 0.48 0.54 0.60 0.705 0.78 0.85 0.90 0.71 SCBUILD 0.01 0.02 0.03 0.040 0.05 0.06 0.07 1.00 NOVAMSC [S] 0.02 0.04 0.06 0.095 0.10 0.12 0.14 0.14 VIVOCOM [S] 0.09 0.11 0.13 0.155 0.19 0.21 0.23 1.40 GOCEAN [S] 0.05 0.06 0.07 0.110 0.11 0.13 0.14 0.00 PLABS 0.20 0.21 0.23 0.285 0.29 0.33 0.38 0.09 CONNECT [S] 0.17 0.20 0.23 0.275 0.29 0.32 0.38 0.33 OPCOM [S] 0.45 0.50 0.55 0.615 0.65 0.70 0.76 0.54 SYSTECH [S] 0.22 0.24 0.26 0.285 0.30 0.32 0.34 0.60 PASUKGB [S] 0.12 0.13 0.15 0.165 0.18 0.20 0.22 1.00 BTECH [S] 0.28 0.30 0.32 0.360 0.38 0.40 0.45 0.50 SCH [S] 0.16 0.18 0.20 0.245 0.26 0.28 0.30 0.33 DGSB [S] 0.02 0.03 0.04 0.055 0.07 0.08 0.10 1.00 AEMULUS 0.27 0.30 0.33 0.350 0.39 0.44 0.50 2.00 Call RSI SOS BOW BOW SOS BOW SOS BOW SOS BOW BOW BOW BOW SOS BOW BOW BOW SOS BOW BOW BOW BOW BOW SOS BOW SOS BOW BOW SOS BOW BOW 71.62 59.16 63.16 42.96 60.57 67.48 56.18 65.52 63.45 61.39 50.57 46.22 75.91 50.71 44.90 48.16 59.86 57.95 57.24 49.81 72.01 61.21 86.28 52.44 59.21 53.33 56.13 68.58 57.09 53.05 Call RSI SOS BOW BOW SOS BOW SOS BOW SOS BOW BOW BOW BOW BOW BOW BOW BOW BOW BOW BOW BOW SOS BOW SOS BOW SOS BOW BOW SOS BOW BOW 50.94 54.20 46.27 51.61 54.09 41.96 53.66 50.66 49.67 60.98 51.68 44.91 56.70 61.98 46.98 56.05 57.47 51.41 62.59 45.35 74.68 61.48 74.58 45.80 52.13 42.27 46.05 55.48 60.09 61.21 Volume (mn Shares) today 5d-avg 20d-avg 0.620 3.793 5.640 5.103 22.823 14.113 3.732 23.560 15.952 6.905 18.935 17.073 11.631 6.885 15.401 3.189 0.425 1.019 6.344 19.957 22.984 0.560 1.996 3.349 17.028 6.152 2.803 6.873 15.809 5.004 0.034 0.027 0.040 0.532 1.316 10.011 14.541 3.556 4.224 4.748 1.162 4.143 6.249 4.004 4.557 1.637 26.222 16.447 7.640 6.741 4.387 9.679 0.433 0.832 9.935 1.865 2.581 7.553 17.745 24.103 1.080 5.139 1.955 1.720 2.669 1.505 6.352 10.774 8.303 0.126 0.233 0.140 1.992 7.419 6.706 1.539 1.940 0.934 0.177 0.050 0.119 1.456 5.901 9.310 0.500 5.852 6.503 0.594 1.408 2.363 Stochastics %K %D 100.0 77.8 60.0 53.3 100.0 77.8 16.7 5.6 60.0 26.7 85.7 45.2 50.0 50.0 44.4 55.6 80.0 75.6 57.1 63.1 55.6 55.6 50.0 83.3 100.0 100.0 50.0 83.3 33.3 33.3 0.0 44.4 73.7 56.1 50.0 50.0 66.7 55.6 50.0 16.7 100.0 83.3 62.5 73.4 88.9 89.0 88.9 81.5 44.4 42.6 50.0 58.3 100.0 75.0 42.9 53.2 33.3 44.4 14.3 9.5 Volume (mn Shares) today 5d-avg 20d-avg 3.927 5.152 7.509 19.080 8.480 15.996 1.713 13.898 14.787 4.443 6.045 11.912 13.910 76.669 30.585 0.642 2.389 2.165 3.478 25.354 26.666 1.852 1.127 1.988 12.471 4.144 6.121 6.173 4.790 7.789 0.039 0.127 0.062 1.382 14.723 5.472 3.346 13.572 11.426 15.291 58.462 23.595 2.187 5.333 4.983 17.185 38.392 23.449 1.636 1.829 4.682 0.840 1.113 2.270 11.136 16.913 7.336 27.480 27.978 21.592 1.732 7.712 4.534 2.466 5.149 3.103 2.635 3.062 7.495 0.163 0.140 0.181 5.499 6.871 7.636 2.458 1.833 1.807 0.030 0.267 0.257 3.824 4.886 7.661 8.169 5.412 7.907 2.944 3.633 3.114 Stochastics %K %D 25.0 50.0 66.7 38.9 0.0 16.7 75.0 83.3 30.0 53.2 0.0 14.4 66.7 55.6 25.0 41.7 25.0 25.0 57.1 76.2 35.3 60.8 0.0 11.1 50.0 70.0 75.0 75.0 33.3 44.4 66.7 72.2 30.4 55.4 0.0 11.1 60.0 65.0 33.3 44.4 70.0 76.7 42.9 60.0 50.0 55.6 11.1 24.5 12.5 39.3 19.4 24.7 0.0 36.1 28.6 47.6 66.7 38.9 61.9 71.7 Sources: Bloomberg, TA Securities 17 Apr 2017 No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Stock Code 0152 0133 0096 0140 0010 0153 0072 0028 0094 0105 0104 0034 0017 0020 0150 0165 0120 0109 0026 0069 0074 0171 0102 0035 0050 0177 0011 0161 0131 0181 Stock Stop-loss Support 2 Support 1 Current priceResistanceResistance 1 Resistance 2 3Reward Name SL S2 S1 14-Apr R1 R2 R3 Ratio DGB 0.01 0.02 0.03 0.050 0.06 0.07 0.08 0.50 SANICHI [S] 0.03 0.04 0.05 0.085 0.10 0.11 0.12 0.43 NEXGRAM [S] 0.01 0.02 0.03 0.045 0.06 0.07 0.08 1.00 STERPRO [S] 0.14 0.16 0.18 0.205 0.21 0.24 0.27 0.20 IRIS [S] 0.10 0.12 0.13 0.160 0.17 0.19 0.21 0.33 OVERSEA 0.16 0.18 0.20 0.220 0.26 0.31 0.36 2.00 AT [S] 0.02 0.03 0.04 0.050 0.06 0.08 0.09 1.00 SCOPE [S] 0.18 0.20 0.22 0.235 0.27 0.30 0.33 2.33 INIX [S] 0.02 0.04 0.06 0.085 0.10 0.12 0.15 0.60 ASIAPLY [S] 0.10 0.13 0.15 0.205 0.23 0.25 0.28 0.45 GENETEC [S] 0.60 0.70 0.80 0.865 0.90 1.00 1.10 0.54 MMAG [S] 0.02 0.03 0.04 0.050 0.07 0.08 0.09 2.00 M3TECH [S] 0.04 0.05 0.06 0.080 0.09 0.10 0.11 0.50 NETX [S] 0.01 0.02 0.03 0.040 0.05 0.06 0.07 1.00 ASIABIO 0.03 0.04 0.05 0.055 0.08 0.09 0.10 5.00 XOX [S] 0.04 0.06 0.08 0.110 0.14 0.16 0.18 1.00 VIS [S] 0.48 0.54 0.60 0.755 0.78 0.85 0.90 0.16 SCBUILD 0.01 0.02 0.03 0.040 0.05 0.06 0.07 1.00 NOVAMSC [S] 0.04 0.06 0.08 0.105 0.12 0.14 0.16 0.60 VIVOCOM [S] 0.09 0.11 0.13 0.155 0.19 0.21 0.23 1.40 GOCEAN [S] 0.08 0.09 0.10 0.135 0.16 0.18 0.20 0.71 PLABS 0.20 0.21 0.23 0.290 0.33 0.38 0.42 0.67 CONNECT [S] 0.17 0.20 0.23 0.275 0.29 0.32 0.38 0.33 OPCOM [S] 0.45 0.50 0.55 0.600 0.65 0.70 0.76 1.00 SYSTECH [S] 0.22 0.24 0.26 0.285 0.30 0.32 0.34 0.60 PASUKGB [S] 0.10 0.11 0.12 0.125 0.15 0.16 0.18 5.00 BTECH [S] 0.28 0.30 0.32 0.360 0.38 0.40 0.45 0.50 SCH [S] 0.16 0.18 0.20 0.250 0.26 0.28 0.30 0.20 DGSB [S] 0.02 0.03 0.04 0.060 0.07 0.08 0.10 0.50 AEMULUS 0.30 0.33 0.35 0.415 0.48 0.52 0.56 1.00 Sources: Bloomberg, TA Securities Legend: Reward Ratio = (R1 - CP)/ (CP - S1) where CP = Current Price Call: BUY = outright BUY at current price BOW = Buy on weakness towards S1 TBUY = Trading or Speculative BUY at current price LTBUY = Long-Term BUY at current price SELL = outright SELL at current price SOS = Sell on strength towards R1 NEUTRAL = sideline, not attractive to buy or sell TP = Take Profit Upgrade in price levels shaded dark green and bold Downgrade in price levels lightly shaded RSI: The Relative Strength Index (RSI) is used to measure the velocity of a security's price movement to identify overbought and oversold conditions. RSI reading below 30 indicates an oversold condition, while RSI value greater than 70 indicates overbought condition Stochastics: measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period. %K = 100*Closing Range/Total Range %D = N-period moving average of %K where N is the %D period parameter. Page 2 of 2
36. 3131 TA Securities T e c h n i c a l V i e w Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Small Cap Stock Watch Malaysia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167-9607 stsoo@ta.com.my www.taonline.com.my Report Description: The Weekly Small Cap Stock Watch is a compilation of selected stocks aimed at providing trading ideas and guide for momentum trading. The following is derived from the complete listing of Main Market stocks of more than 800 counters currently in Bursa Malaysia. This recommendation is based on combination of fundamental and technical analysis. List of 30 Small Cap Stocks No Code 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 3018 0118 5155 4235 2429 9741 7382 6998 4057 7315 3905 1902 7123 2097 3778 3395 0047 9113 4758 6548 8486 8672 4359 8346 7099 2453 1619 7366 7016 2186 Name Ticker OLYMPIA TRIVE [S] XINQUAN LIONIND [S] TANCO [S] TECNIC GLBHD [S] BINTAI ASIAPAC [S] AHB [S] MULPHA PINEPAC [S] PWORTH [S] EASTLND [S] MELEWAR [S] BJCORP PERISAI [S] SANBUMI [S] ANCOM MPCORP LIONFIB [S] KAMDAR TURIYA [S] PRKCORP [S] ATTA [S] KLUANG DRBHCOM [S] SCOMIEN CHUAN [S] KUCHAI 3018 MK EQUITY 0118 MK EQUITY 5155 MK EQUITY 4235 MK EQUITY 2429 MK EQUITY 9741 MK EQUITY 7382 MK EQUITY 6998 MK EQUITY 4057 MK EQUITY 7315 MK EQUITY 3905 MK EQUITY 1902 MK EQUITY 7123 MK EQUITY 2097 MK EQUITY 3778 MK EQUITY 3395 MK EQUITY 0047 MK EQUITY 9113 MK EQUITY 4758 MK EQUITY 6548 MK EQUITY 8486 MK EQUITY 8672 MK EQUITY 4359 MK EQUITY 8346 MK EQUITY 7099 MK EQUITY 2453 MK EQUITY 1619 MK EQUITY 7366 MK EQUITY 7016 MK EQUITY 2186 MK EQUITY Current Price to Book EPS (RM) PE Ratio (%) Closing Volume Market Cap Price (RM) (million) (RMmn) 3Q16 4Q16 3Q16 4Q16 2015 2016 122.81 140.34 50.29 558.27 45.17 42.82 132.89 64.71 158.81 28.01 910.54 41.95 141.25 52.82 67.66 1,901.48 81.93 40.75 94.68 41.71 134.42 71.28 43.46 204.00 74.13 203.41 2,629.20 140.20 88.55 148.50 0.16 0.16 0.10 0.82 0.12 0.96 0.62 0.23 0.19 0.19 0.26 0.27 0.25 0.23 0.33 0.37 0.07 0.25 0.52 0.19 0.53 0.35 0.20 1.95 1.11 3.30 1.33 0.38 0.52 1.28 3.09 2.52 0.46 3.91 3.97 0.16 0.05 0.11 0.24 0.12 1.98 0.02 111.25 0.08 0.54 11.04 2.73 0.18 0.34 0.10 0.13 0.01 0.06 0.06 0.27 0.00 1.74 0.20 0.09 0.13 0.03 1.35 0.14 0.10 0.22 0.19 0.46 0.19 0.25 0.25 0.23 0.27 0.26 0.29 0.26 0.22 0.43 0.28 0.28 0.23 0.17 0.29 0.29 0.38 0.30 0.31 0.33 0.35 0.32 0.33 0.02 0.12 0.13 0.14 0.15 0.18 0.20 0.21 0.22 0.22 0.22 0.23 0.23 0.24 0.24 0.25 0.25 0.26 0.27 0.27 0.27 0.28 0.29 0.29 0.30 0.30 0.30 0.30 0.30 0.32 -0.01 0.00 -0.05 -0.16 -0.01 0.00 0.38 -0.04 0.03 0.00 -0.01 -0.08 0.00 0.00 0.02 0.00 -0.24 -0.01 0.00 -0.01 -0.24 -0.01 0.00 -0.11 0.00 0.07 -0.10 0.00 0.01 0.20 0.02 -0.02 -1.62 -0.97 0.00 0.00 -0.04 -0.06 0.06 0.00 0.03 -0.07 0.00 0.00 0.00 -0.07 0.01 -0.03 -0.02 -0.26 -1.47 0.00 0.00 0.11 -0.06 0.00 -0.41 -0.02 0.01 -0.25 6.58 na 1.12 na na na na 5.24 0.60 na 3.36 na 16.00 8.68 na 2.40 na na 43.00 na na na 42.59 3.32 8.02 40.52 12.69 313.64 na 6.95 Operating Margin (%) 3Q16 4Q16 Return on Assets (%) 3Q16 4Q16 Revenue (RMmn) 3Q16 4Q16 Net Income (RMmn) 2015 2016 Net Income Growth (%) 2015 2016 37.50 -9.73 -5.39 -3.76 0.27 31.82 33.03 19.45 2.04 735.70 -89.49 na -9.29 -1,159.06 -20.60 -47.49 2.41 1.51 -16.07 -26.16 na -62.82 na 8.61 -464.83 3.79 -30.58 106.90 129.74 250.54 -542.10 41.83 -316.38 na -5.12 2.35 -5.08 -21.79 697.72 647.73 -254.82 -796.48 49.63 -212.56 na -18.44 -25.02 -4.21 -3.20 3.47 3.28 -14.88 -8.72 49.07 41.38 17.53 na na 1.17 9.88 0.00 0.00 97.81 2.49 395.89 -97.46 2.27 8,539.76 -741.40 10.27 9.92 0.93 1.76 3.86 70.08 -70.39 1,715.32 na -4.50 -0.17 -3.54 -7.41 121.41 152.45 6.04 -36.08 501.00 -697.45 2.55 73.02 134.79 31.51 4.64 47.73 57.84 376.59 73.85 822.27 -80.39 17.54 12.32 11.25 na na 4.50 4.51 na 1.83 na na 35.71 -11.32 2.57 0.19 0.31 334.69 533.92 165.12 16.80 33.00 -89.83 na -183.68 -208.99 -2.70 -4.35 5.28 5.26 -7.09 -17.56 73.42 -147.48 50.00 14.71 16.05 0.30 0.25 24.75 48.76 2.39 1.17 118.02 -51.04 na 7.79 -12.91 -8.07 -1.76 7.54 5.32 8.76 -5.04 30.73 -157.47 9.18 7.05 9.50 na na 151.77 172.12 -29.55 8.23 -139.63 127.87 na 5.85 9.82 -0.35 -0.77 2,168.23 2,483.66 890.58 -177.22 698.03 -119.90 na -289.56 129.59 -40.36 -13.26 38.91 38.27 -706.32 -289.78 -5,245.87 58.97 na -9.05 -47.41 -8.42 -10.53 13.55 11.67 -13.12 -10.62 22.10 19.07 na 1.82 2.55 0.28 -0.77 331.67 370.85 2.17 -6.99 -77.36 -422.71 na -48.43 -13.18 -3.93 -16.34 2.87 10.17 -15.98 -84.27 48.67 -427.21 na 2.64 3.64 -8.66 -45.55 209.24 95.21 -99.97 -387.20 59.91 -287.32 41.45 -4.55 5.14 -1.71 0.43 34.67 41.21 -3.23 1.50 -145.30 146.41 19.05 25.88 16.58 1.00 1.03 5.86 4.48 1.23 1.91 104.54 55.65 na -21.14 16.34 5.06 -1.13 26.26 65.38 80.08 -10.86 106.41 -113.56 na 0.89 -9.13 2.75 -1.54 30.16 32.61 4.00 -2.43 36.75 -160.77 65.22 -46.06 54.25 0.48 0.26 2.91 10.45 4.84 2.92 -42.62 -39.69 na -2.37 -22.19 -0.10 -2.17 3,335.99 2,632.78 314.60 -915.04 -31.93 -390.86 na 6.26 -46.58 0.51 -0.19 49.48 35.67 0.38 -1.84 101.00 -587.57 8.04 2.82 2.83 1.08 1.98 158.68 164.48 -1.52 10.07 -107.12 761.82 na -64.14 93.30 -2.99 -9.60 0.30 4.39 23.68 -44.98 -57.25 -289.94 Source: Bloomberg This list is sorted first by the lowest price-to-book ratio from the Main Market which had reported fourth quarter results and excludes the FBM100 stocks. INTERPRETATION OF FUNDAMENTAL INDICATORS: Price to Book: The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market price to its book value. It is also sometimes known as a Market-to-Book ratio. Earnings Per Share (EPS): The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. PE Ratio: The price-to-earnings ratio, or P/E ratio, is an equity valuation multiple. It is defined as market price per share divided by annual earnings per share. Revenue: The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Net Income: A company's total earnings (or profit). Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. Page 1 of 2
37. TA Securities A Member of the TA Group Support & Resistance – Small Cap 31 Mar 2017 No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Stock Code 3018 0118 5155 4235 2429 9741 7382 6998 4057 7315 3905 1902 7123 2097 3778 3395 0047 9113 4758 6548 8486 8672 4359 8346 7099 2453 1619 7366 7016 2186 Stock Name OLYMPIA TRIVE [S] XINQUAN LIONIND [S] TANCO [S] TECNIC GLBHD [S] BINTAI ASIAPAC [S] AHB [S] MULPHA PINEPAC [S] PWORTH [S] EASTLND [S] MELEWAR [S] BJCORP PERISAI [S] SANBUMI [S] ANCOM MPCORP LIONFIB [S] KAMDAR TURIYA [S] PRKCORP [S] ATTA [S] KLUANG DRBHCOM [S] SCOMIEN CHUAN [S] KUCHAI Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward SL S2 S1 31-Mar R1 R2 R3 Ratio 0.10 0.11 0.12 0.145 0.17 0.18 0.20 1.00 0.10 0.12 0.14 0.190 0.23 0.25 0.28 0.80 0.03 0.05 0.07 0.090 0.11 0.13 0.15 1.00 0.54 0.60 0.66 0.705 0.80 0.98 1.10 2.11 0.06 0.07 0.08 0.100 0.12 0.13 0.14 1.00 0.68 0.77 0.85 0.870 1.02 1.13 1.30 7.50 0.51 0.56 0.59 0.635 0.67 0.71 0.76 0.78 0.18 0.19 0.20 0.240 0.28 0.30 0.33 1.00 0.10 0.12 0.14 0.190 0.20 0.22 0.24 0.20 0.12 0.14 0.16 0.190 0.20 0.22 0.24 0.33 0.20 0.23 0.25 0.255 0.30 0.32 0.34 9.00 0.19 0.23 0.26 0.280 0.30 0.34 0.38 1.00 0.13 0.15 0.17 0.180 0.22 0.24 0.26 4.00 0.15 0.17 0.20 0.255 0.26 0.30 0.34 0.09 0.22 0.24 0.26 0.305 0.34 0.39 0.42 0.78 0.31 0.33 0.35 0.380 0.40 0.42 0.44 0.67 0.02 0.04 0.06 0.065 0.08 0.10 0.12 3.00 0.15 0.17 0.19 0.255 0.26 0.30 0.32 0.08 0.36 0.38 0.40 0.445 0.48 0.52 0.56 0.78 0.08 0.10 0.12 0.160 0.19 0.22 0.25 0.75 0.40 0.45 0.49 0.525 0.58 0.62 0.66 1.57 0.22 0.26 0.30 0.385 0.44 0.52 0.60 0.65 0.12 0.14 0.16 0.200 0.21 0.23 0.25 0.25 1.60 1.80 1.90 2.060 2.28 2.48 2.67 1.38 0.90 1.00 1.10 1.220 1.28 1.38 1.48 0.50 2.51 2.79 3.02 3.480 3.54 3.70 4.00 0.13 1.08 1.18 1.27 1.400 1.58 1.77 1.90 1.38 0.28 0.33 0.38 0.410 0.48 0.53 0.62 2.33 0.45 0.48 0.50 0.520 0.61 0.66 0.72 4.50 1.05 1.10 1.15 1.210 1.30 1.36 1.43 1.50 Call RSI SOS SELL SELL SELL SOS BOW BOW SOS BOW BOW BOW SELL SELL BOW SELL SELL BOW SOS SOS SOS SOS SOS SOS BOW SELL SOS BOW BOW SOS BOW 55.61 68.39 48.42 48.41 55.26 46.73 58.05 56.65 65.23 57.34 43.79 52.19 58.18 64.70 39.43 46.24 44.56 69.12 58.90 56.92 45.91 67.19 55.10 58.12 70.96 68.32 56.01 52.85 46.53 55.87 Call RSI SOS SELL SELL SOS SOS BOW BOW SOS BOW BOW BOW SELL SOS BOW SELL SELL BOW SOS SOS SOS SOS SOS SOS BOW SELL SOS BOW BOW SOS BOW 55.20 49.03 52.91 62.71 56.23 56.31 44.20 47.31 49.83 50.03 44.25 46.33 75.24 43.04 52.47 37.61 44.80 54.02 67.23 64.77 47.15 50.69 44.83 41.48 51.90 49.38 41.96 38.79 46.64 63.17 Volume (mn Shares) today 5d-avg 20d-avg 41.100 41.396 38.980 38.858 63.666 34.570 0.165 2.025 3.438 2.567 10.589 11.881 8.922 8.569 13.553 0.471 0.650 1.266 0.084 0.128 0.135 0.930 2.899 1.188 1.279 6.043 2.916 3.667 0.450 0.314 1.105 2.611 6.674 0.098 0.059 0.077 13.620 20.574 72.784 0.697 0.476 0.211 0.152 0.498 0.618 17.914 10.736 17.606 1.132 9.181 6.406 4.894 11.960 3.485 0.377 0.311 0.511 0.002 0.040 0.091 0.010 0.098 0.237 0.045 0.009 0.006 0.060 0.079 0.171 0.006 0.010 0.019 0.076 0.133 0.208 0.001 0.002 0.003 3.366 6.627 6.729 0.070 0.131 0.297 0.113 0.097 0.311 0.006 0.012 0.022 Stochastics %K %D 13.3 26.5 68.8 71.6 20.0 20.0 23.1 18.8 37.5 49.5 30.0 17.7 83.3 72.2 33.3 27.8 71.4 72.0 50.0 50.0 14.3 13.1 50.0 27.8 14.3 8.9 63.6 64.5 10.0 20.0 20.0 31.7 33.3 33.3 55.6 68.2 50.0 41.7 41.7 49.8 5.6 13.0 100.0 87.5 25.0 34.3 20.0 22.4 56.3 64.4 100.0 100.0 50.0 38.9 28.6 38.1 9.1 13.0 60.0 60.0 Volume (mn Shares) today 5d-avg 20d-avg 24.700 44.312 54.181 28.062 41.131 46.931 1.879 0.657 2.467 13.342 7.762 7.374 8.705 9.933 16.303 1.192 3.039 2.322 0.198 0.136 0.134 0.925 2.528 1.849 6.022 20.916 7.846 1.201 2.966 1.417 4.853 2.764 3.818 0.210 0.401 0.161 71.694 109.202 51.555 1.038 0.980 0.583 1.249 0.699 0.799 6.376 11.939 13.698 4.315 10.128 8.038 0.619 1.815 5.220 0.938 0.818 0.632 0.100 0.006 0.053 0.024 0.007 0.047 0.000 0.000 0.006 0.297 0.275 0.225 0.030 0.013 0.017 0.050 0.074 0.138 0.003 0.002 0.003 5.439 6.798 7.367 0.303 0.281 0.240 0.125 0.141 0.190 0.004 0.015 0.024 Stochastics %K %D 28.6 48.8 12.5 18.1 50.0 33.3 78.9 86.0 37.5 50.0 59.0 61.0 0.0 0.0 0.0 17.8 0.0 33.3 16.7 31.0 25.0 33.3 14.3 24.6 76.5 76.4 23.5 31.9 45.5 42.4 25.0 25.0 33.3 44.4 9.1 21.5 66.7 82.0 92.3 79.3 22.2 65.7 20.0 73.3 0.0 52.4 0.0 11.1 13.3 22.2 33.3 55.6 18.2 22.7 20.0 6.7 25.0 25.6 87.5 52.8 Sources: Bloomberg, TA Securities 14 Apr 2017 No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Stock Code 3018 0118 5155 4235 2429 9741 7382 6998 4057 7315 3905 1902 7123 2097 3778 3395 0047 9113 4758 6548 8486 8672 4359 8346 7099 2453 1619 7366 7016 2186 Stock Name OLYMPIA TRIVE [S] XINQUAN LIONIND [S] TANCO [S] TECNIC GLBHD [S] BINTAI ASIAPAC [S] AHB [S] MULPHA PINEPAC [S] PWORTH [S] EASTLND [S] MELEWAR [S] BJCORP PERISAI [S] SANBUMI [S] ANCOM MPCORP LIONFIB [S] KAMDAR TURIYA [S] PRKCORP [S] ATTA [S] KLUANG DRBHCOM [S] SCOMIEN CHUAN [S] KUCHAI Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 SL S2 S1 14-Apr R1 R2 R3 0.10 0.11 0.12 0.155 0.17 0.18 0.20 0.10 0.12 0.14 0.155 0.23 0.25 0.28 0.03 0.05 0.07 0.095 0.11 0.13 0.15 0.60 0.64 0.72 0.820 0.87 0.98 1.01 0.06 0.07 0.08 0.115 0.12 0.13 0.14 0.68 0.77 0.85 0.960 1.02 1.13 1.30 0.51 0.56 0.59 0.620 0.67 0.71 0.76 0.18 0.19 0.20 0.230 0.28 0.30 0.33 0.10 0.12 0.14 0.185 0.20 0.22 0.24 0.12 0.14 0.16 0.190 0.20 0.22 0.24 0.20 0.23 0.25 0.255 0.30 0.32 0.34 0.19 0.23 0.26 0.270 0.30 0.34 0.38 0.17 0.19 0.21 0.245 0.28 0.33 0.36 0.15 0.17 0.20 0.230 0.26 0.30 0.34 0.22 0.24 0.26 0.330 0.34 0.39 0.42 0.31 0.33 0.35 0.365 0.40 0.42 0.44 0.02 0.04 0.06 0.065 0.08 0.10 0.12 0.15 0.17 0.19 0.245 0.26 0.30 0.32 0.42 0.45 0.48 0.520 0.56 0.60 0.64 0.08 0.10 0.12 0.190 0.22 0.25 0.28 0.40 0.45 0.49 0.530 0.58 0.62 0.66 0.22 0.26 0.30 0.350 0.44 0.52 0.60 0.12 0.14 0.16 0.195 0.21 0.23 0.25 1.60 1.80 1.90 1.950 2.28 2.48 2.67 0.90 1.00 1.10 1.110 1.18 1.28 1.38 2.51 2.79 3.02 3.300 3.54 3.70 4.00 1.08 1.18 1.27 1.330 1.58 1.77 1.90 0.25 0.28 0.33 0.375 0.43 0.48 0.53 0.45 0.48 0.50 0.520 0.61 0.66 0.72 1.05 1.10 1.15 1.280 1.30 1.36 1.43 Reward Ratio 0.43 5.00 0.60 0.50 0.14 0.55 1.67 1.67 0.33 0.33 9.00 3.00 1.00 1.00 0.14 2.33 3.00 0.27 1.00 0.43 1.25 1.80 0.43 6.60 7.00 0.86 4.17 1.22 4.50 0.15 Sources: Bloomberg, TA Securities Legend: Reward Ratio = (R1 - CP)/ (CP - S1) Where CP = Current Price Call: BUY = outright BUY at current price BOW = Buy on weakness towards S1 TBUY = Trading or Speculative BUY at current price LTBUY = Long-Term BUY at current price SELL = outright SELL at current price SOS = Sell on strength towards R1 NEUTRAL = sideline, not attractive to buy or sell TP = Take Profit Upgrade in price levels shaded dark Green and bold Downgrade in price levels lightly shaded RSI: The Relative Strength Index (RSI) is used to measure the velocity of a security's price movement to identify overbought and oversold conditions. RSI reading below 30 indicates an oversold condition, while RSI value greater than 70 indicates overbought condition Stochastics: measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period. %K = 100*Closing Range/Total Range %D = N-period moving average of %K where N is the %D period parameter. Page 2 of 2
38. T e c h n i c a l TA Securities V i e w Monday , April 17, 2017 FBM KLCI: 1,730.99 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Stock Screen Malaysia End Day Census of 14.04.2017 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Report Description: The Weekly Stock Screen is a retail product which can be a very useful guide for momentum trading and trading ideas. The following list is derived from the screening of more than 1000 stocks currently listed on Bursa Malaysia to identify: the top 20 breakout, 20 breakdown, and 30 ‘potential’ breakout stocks which just climbed above the middle Bollinger band, with potential to appreciate toward the upper Bollinger band .This report also includes the top 20 overbought, and top 20 oversold stocks. *Note: To qualify in the list below, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for short-term BUY ideas, as they are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL. Caveat: Some stocks may continue to stay range bound and trade sideways, hence traders should refer to their respective daily charts to spot accumulation (volume growth) or breakout patterns. [MIDDLE BOLLINGER RANGEBOUND] List of 30 Potential Breakout Stocks (Short-term BUY for upside toward Upper Bollinger Band or higher to TAKE PROFIT/SELL) No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Stock Name Price BORNEO OIL BHD KEY ALLIANCE GRO TIGER SYNERGY BH VIZIONE HOLDINGS SUMATEC RESOURCE HIBISCS SANICHI TECHNOLO GLOBALTEC FORMAT XOX BHD MQ TECHNOLOGY BH DIGISTAR CORP NETX HOLDINGS BH LUSTER INDUSTRIE IRIS CORP BHD JKG LAND BHD BIO OSMO BHD NOVA MSC BHD PRIVASIA TECHNOL WINTONI GROUP BH TANCO HLDGS BHD BIOALPHA HOLDING DIVERSIFIED GATE JAG BHD CENSOF HOLDINGS SMTRACK BHD GREEN PACKET BHD XINGHE HOLDINGS ASIA POLY HOLDIN TELEKOM MALAYSIA AE MULTI HOLDING 0.19 0.08 0.06 0.14 0.08 0.45 0.09 0.06 0.11 0.06 0.21 0.04 0.12 0.16 0.12 0.10 0.11 0.20 0.05 0.12 0.26 0.06 0.12 0.34 0.08 0.34 0.05 0.21 6.40 0.19 Bollinger Band RSI Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 0.18 0.18 0.07 0.05 0.13 0.07 0.43 0.08 0.05 0.10 0.06 0.21 0.03 0.12 0.16 0.12 0.09 0.10 0.19 0.04 0.11 0.26 0.06 0.11 0.33 0.06 0.33 0.04 0.19 6.39 0.18 0.19 0.09 0.06 0.14 0.08 0.49 0.09 0.06 0.11 0.06 0.22 0.05 0.13 0.18 0.13 0.10 0.11 0.20 0.05 0.13 0.28 0.06 0.12 0.38 0.09 0.37 0.05 0.22 6.45 0.20 61.00 58.20 60.61 57.95 51.62 48.80 54.20 56.03 56.05 59.74 54.82 61.98 58.52 54.09 48.46 60.29 62.59 57.74 55.94 56.23 53.74 60.09 48.99 54.17 60.56 56.31 56.93 60.98 58.07 60.61 0.19 0.08 0.05 0.13 0.07 0.46 0.09 0.05 0.11 0.06 0.21 0.04 0.12 0.17 0.12 0.09 0.10 0.19 0.04 0.12 0.26 0.06 0.12 0.36 0.08 0.34 0.04 0.21 6.39 0.19 0.18 0.06 0.05 0.12 0.07 0.44 0.08 0.05 0.10 0.05 0.20 0.03 0.11 0.15 0.12 0.08 0.09 0.18 0.05 0.10 0.26 0.05 0.11 0.33 0.06 0.32 0.04 0.19 6.36 0.17 0.18 0.05 0.05 0.12 0.08 0.47 0.08 0.05 0.10 0.05 0.19 0.03 0.10 0.14 0.13 0.07 0.09 0.18 0.05 0.09 0.24 0.05 0.12 0.30 0.05 0.30 0.04 0.18 6.27 0.16 0.04 0.04 0.11 0.07 0.38 0.07 0.05 0.10 0.05 0.19 0.02 0.11 0.13 0.11 0.08 0.08 0.17 0.03 0.09 0.24 0.05 0.10 0.29 0.03 0.30 0.04 0.16 6.33 0.16 Vol 102,578,400 43,245,200 37,582,800 34,681,600 29,377,500 20,150,800 19,080,000 17,405,300 17,184,800 16,267,400 16,130,600 15,291,000 14,373,900 13,909,500 13,036,200 12,544,000 11,136,200 9,886,800 9,871,800 8,705,300 8,366,500 8,168,600 6,894,400 6,805,800 6,579,300 6,532,400 6,310,200 6,172,800 5,676,500 5,430,200 20-day avg vol 58,890,400 24,499,770 16,043,430 24,255,620 23,316,340 29,890,140 16,827,960 14,563,790 23,760,460 13,001,720 18,043,010 24,359,400 32,346,060 28,603,780 20,538,070 13,963,420 7,436,465 7,457,775 3,915,160 16,327,580 14,302,010 8,083,235 5,712,590 10,532,530 11,580,780 15,959,110 5,360,450 8,005,720 5,679,410 7,838,540 Raw data sourced from Bloomberg INTERPRETATION OF TECHNICAL INDICATORS: Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day, and negative if it remains below this average. 14-day RSI: A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-day SMA should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day SMA is bearish and imply further near-term downside risk. Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders will buy on price breaks above the upper band, and sell when price breaks below the lower band. Alternatively, a sharp move that originates at one band tends to go all the way to the other band, a useful observation when projecting price targets. Page 1 of 3
39. TA Securities A Member of the TA Group *Note: To qualify in the breakout list below, the first sorting criteria is stock price must close ABOVE the upper Bollinger Band, followed by a second criteria that trading volume for the day must be significantly higher than the 20-day average volume, which signal a bullish breakout. Caveat: We would caution momentum traders that a highly overbought 14-day RSI reading (> 80) and share price pullback BELOW the upper Bollinger Band are early warning signals to exit buy breakout trades. [UPPER BOLLINGER BREAKOUT] Top 20 Breakout Stocks (Generally BULLISH, but can be short-term TAKE PROFIT/SELL guide) No Stock Name Price LION DIVERSIFIED 0.07 0.30 HANDAL RESOURCES 3 MALAYSIA STEEL W 0.85 4 SEG INTERNATIONA 1.16 5 0.12 GSB GROUP BHD 6 HARRISONS HLDGS 3.68 7 1.04 SKB SHUTTERS 8 PANPAGES BHD 0.37 9 0.18 NAKAMICHI CORP 10 CARING PHARMACY 1.47 11 ENRA GROUP BHD 2.90 12 0.25 PWORTH 13 MESINIAGA BHD 1.17 14 1.95 EITA RESOURCES 15 WARISAN TC HLDGS 2.10 16 0.12 ANCOM LOGISTICS 17 GUAN CHONG BHD 1.04 18 BERMAZ AUTO BHD 2.12 19 1.57 KWANTAS CORP BHD 20 1.32 LTKM BHD Raw data sourced from Bloomberg 1 2 RSI Bollinger Band Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 0.04 0.25 0.75 1.04 0.09 3.26 0.65 0.27 0.09 1.28 2.54 0.16 1.03 1.30 1.70 0.10 0.85 1.97 1.42 1.25 0.05 0.27 0.80 1.09 0.10 3.45 0.82 0.31 0.13 1.37 2.71 0.20 1.10 1.62 1.89 0.11 0.94 2.04 1.50 1.28 0.06 0.30 0.84 1.14 0.12 3.64 0.98 0.35 0.18 1.46 2.89 0.24 1.17 1.93 2.08 0.12 1.02 2.11 1.57 1.32 63.88 62.86 64.46 67.40 68.34 69.89 75.30 69.64 62.29 62.63 64.54 75.24 63.11 80.94 62.77 69.88 71.67 63.85 59.74 58.70 0.05 0.28 0.80 1.11 0.11 3.52 0.87 0.32 0.15 1.41 2.77 0.21 1.09 1.71 1.95 0.11 0.96 2.06 1.49 1.28 0.05 0.27 0.79 1.09 0.10 3.41 0.78 0.30 0.14 1.38 2.67 0.19 1.11 1.51 1.88 0.11 0.94 2.04 1.53 1.30 0.05 0.26 0.81 1.10 0.10 3.37 0.72 0.30 0.13 1.37 2.58 0.16 1.08 1.39 1.89 0.10 0.99 2.05 1.53 1.31 Vol 63,006,500 3,716,500 6,595,200 2,739,900 13,375,500 89,400 30,300 7,596,000 68,600 30,000 49,000 71,693,600 10,000 1,361,900 1,500 1,380,000 255,300 1,404,400 1,500 4,300 20-day avg vol 5,371,140 371,695 1,084,160 466,655 2,349,090 20,925 7,195 2,080,170 21,535 10,030 34,805 52,173,500 7,970 1,111,140 1,270 1,258,040 320,180 2,475,110 3,835 25,940 *Note: As for the top 20 breakdown list below, the sole sorting criteria is stock price must close significantly BELOW the lower Bollinger Band, with the largest distance from the lower band at the top of the table, signaling a severe sell-off which is bearish. Caveat: A stock should bottom out if share price moves ABOVE the falling lower Bollinger Band, which can be a good buy signal for technical rebound upside after the sharp sell-off. [LOWER BOLLINGER BREAKDOWN] Top 20 Breakdown Stocks (Generally BEARISH, but can be short-term BUY guide) No Stock Name Price KUALA LUMPUR KEP 23.82 2.96 UNISEM (M) BHD 3 MUDA HOLDINGS 1.54 4 UMS HLDGS BHD 2.52 5 0.93 COMPLETE LOGIST 6 KECK SENG MALAYS 5.00 7 19.48 PETRONAS GAS BHD 8 SAMCHEM HOLDINGS 1.94 9 4.40 IOI CORP BHD 10 KIM HIN IND 2.06 11 3.44 SARAWAK OIL PALM 12 SHH RESOURCES HL 1.50 13 INARI AMERTRON B 1.90 14 2.65 HUME INDUSTRIES 15 AFFIN HLDGS 2.78 16 1.15 MALAYSIA BUILDNG 17 GOODWAY INTEGRAT 0.30 18 2.82 BERJAYA SPORTS 19 UEM SUNRISE BHD 1.19 20 ONLY WORLD GROUP 1.88 Raw data sourced from Bloomberg 1 2 Bollinger Band RSI Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 24.10 3.01 1.57 2.55 0.96 5.03 19.51 1.97 4.43 2.09 3.46 1.52 1.92 2.67 2.80 1.17 0.32 2.84 1.21 1.90 24.61 3.14 1.67 2.71 1.05 5.12 19.76 2.18 4.62 2.20 3.59 1.59 2.03 2.73 2.86 1.24 0.46 2.90 1.27 1.96 25.12 3.27 1.76 2.86 1.14 5.21 20.00 2.39 4.81 2.30 3.72 1.66 2.13 2.78 2.92 1.31 0.61 2.96 1.33 2.03 28.57 41.09 34.27 33.84 32.36 31.33 31.83 36.31 28.96 39.16 23.44 16.84 36.26 37.76 42.18 34.35 14.44 29.97 40.28 30.26 24.49 3.10 1.65 2.65 1.01 5.09 19.68 2.15 4.55 2.18 3.55 1.57 2.04 2.73 2.85 1.23 0.42 2.88 1.26 1.93 24.58 3.08 1.67 2.72 1.06 5.12 19.75 2.11 4.65 2.15 3.61 1.60 2.00 2.74 2.86 1.22 0.48 2.91 1.25 1.97 24.59 2.93 1.60 2.70 1.03 5.07 20.04 1.95 4.65 2.05 3.70 1.62 1.95 2.74 2.72 1.19 0.50 2.93 1.21 2.00 Vol 2,370,400 786,400 686,700 6,000 1,104,100 36,800 84,100 160,900 5,024,900 41,500 84,100 28,800 14,907,300 192,100 307,500 11,462,800 474,300 911,700 8,249,800 554,200 20-day avg vol 1,557,065 2,426,110 281,045 3,345 880,985 61,575 1,067,590 225,360 5,376,285 155,265 118,485 31,440 9,381,470 59,940 425,165 10,705,530 869,280 1,468,370 7,993,200 170,225 *Note: The list below is the 20 most overbought of the 1000 over Bursa Malaysia listed stocks with 14-day RSI above 80. It is generally a bearish or SELL list, especially if the readings approach 90. Caveat: The list consists of fundamentally sound stocks, and hence are long-term BUY or HOLD stocks. Page 2 of 3
40. TA Securities A Member of the TA Group TOP 20 OVERBOUGHT STOCKS (Generally BEARISH short-term, but are LONG-TERM BUY or HOLD) No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Stock Name Price EITA RESOURCES PETRA ENERGY BHD EUPE CORP BHD BOON KOON GROUP WILLOWGLEN MSC B BERJAYA ASSETS B SCIENTEX BHD SKB SHUTTERS PWORTH ORION IXL BHD GREEN OCEAN CORP CONNECTCOUNTY MNRB HOLDINGS A & M REALTY BHD SKH CONSORTIUM B SERSOL BHD JOHAN HLDGS BHD EA HOLDINGS GUAN CHONG BHD PANTECH GROUP 1.95 1.24 1.13 0.47 1.28 1.01 7.91 1.04 0.25 0.32 0.14 0.28 2.70 1.61 0.16 0.25 0.35 0.10 1.04 0.62 Bollinger Band RSI Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 1.30 1.00 0.80 0.14 0.72 0.82 7.05 0.65 0.16 0.21 0.08 0.22 2.23 1.31 0.04 0.16 0.09 0.06 0.85 0.50 1.62 1.14 0.98 0.36 1.03 0.93 7.48 0.82 0.20 0.28 0.11 0.26 2.53 1.47 0.11 0.21 0.24 0.08 0.94 0.57 1.93 1.27 1.15 0.57 1.33 1.05 7.91 0.98 0.24 0.35 0.14 0.30 2.82 1.64 0.18 0.26 0.39 0.10 1.02 0.64 80.94 79.95 78.44 77.36 77.08 76.04 75.76 75.30 75.24 75.11 74.68 74.58 73.42 72.87 72.81 72.16 71.98 71.93 71.67 71.33 1.71 1.19 1.04 0.45 1.14 0.98 7.62 0.87 0.21 0.30 0.12 0.28 2.66 1.55 0.14 0.23 0.29 0.09 0.96 0.60 1.51 1.12 0.92 0.29 0.97 0.91 7.44 0.78 0.19 0.25 0.10 0.24 2.46 1.44 0.09 0.19 0.23 0.07 0.94 0.56 1.39 1.07 0.87 0.23 0.91 0.90 7.33 0.72 0.16 0.24 0.10 0.21 2.42 1.39 0.08 0.18 0.21 0.07 0.99 0.52 Vol 1,361,900 140,100 2,642,400 4,718,100 2,214,500 1,118,000 615,400 30,300 71,693,600 8,392,800 1,732,100 2,635,100 295,200 649,800 30,070,100 2,908,800 19,928,600 41,848,200 255,300 3,544,500 20-day avg vol 1,111,140 209,730 1,672,830 20,532,680 2,133,760 1,002,490 321,770 7,195 52,173,500 9,189,845 4,541,030 7,472,425 185,060 348,285 40,973,540 6,848,645 26,130,460 36,544,020 320,180 4,939,895 Raw data sourced from Bloomberg *Note: The list below is the 20 of the most oversold of the 1000 over Bursa Malaysia listed stocks with 14-day RSI close to and below 30, the level below which is considered oversold. It is generally a short-term bullish or BUY list for technical rebound gains, especially if the readings are below 20. Caveat: The list consists of fundamentally weak stocks, and hence could be an AVOID list. TOP 20 OVERSOLD STOCKS (Generally BULLISH short-term, but AVOID fundamentally weak stocks) No Stock Name Price GOODWAY INTEGRAT 0.30 SHH RESOURCES HL 1.50 3 IMASPRO CORP BHD 1.90 4 JAYA TIASA HLDG 1.15 5 CI HOLDINGS BHD 2.28 6 SARAWAK OIL PALM 3.44 7 BERTAM ALLIANCE 0.48 8 CB INDUSTRIAL 1.99 9 REACH ENERGY BHD 0.57 10 KUALA LUMPUR KEP 23.82 11 POH HUAT RES HLD 1.76 12 COMINTEL CORP BH 0.78 13 IOI CORP BHD 4.40 14 ASIA FILE BHD 3.34 15 PELIKAN INTERNAT 0.82 16 BERJAYA SPORTS 2.82 17 ONLY WORLD GROUP 1.88 18 LATITUDE TREE HL 5.23 19 KECK SENG MALAYS 5.00 20 TOP GLOVE CORP B 4.88 Raw data sourced from Bloomberg 1 2 Bollinger Band RSI Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 0.32 1.52 1.87 1.16 2.25 3.46 0.49 1.98 0.57 24.10 1.75 0.78 4.43 3.34 0.83 2.84 1.90 5.18 5.03 4.82 0.46 1.59 1.97 1.22 2.37 3.59 0.52 2.08 0.59 24.61 1.87 0.87 4.62 3.42 0.87 2.90 1.96 5.45 5.12 4.98 0.61 1.66 2.07 1.28 2.50 3.72 0.56 2.18 0.62 25.12 1.99 0.95 4.81 3.51 0.92 2.96 2.03 5.71 5.21 5.14 14.44 16.84 20.80 21.34 22.30 23.44 25.24 27.87 28.02 28.57 28.73 28.85 28.96 29.48 29.90 29.97 30.26 31.32 31.33 31.62 0.42 1.57 1.93 1.20 2.32 3.55 0.51 2.04 0.59 24.49 1.83 0.83 4.55 3.39 0.86 2.88 1.93 5.34 5.09 4.92 0.48 1.60 1.99 1.23 2.41 3.61 0.53 2.11 0.60 24.58 1.88 0.89 4.65 3.45 0.88 2.91 1.97 5.52 5.12 5.05 0.50 1.62 2.01 1.28 2.47 3.70 0.55 2.11 0.61 24.59 1.86 0.88 4.65 3.48 0.90 2.93 2.00 5.55 5.07 5.08 Vol 474,300 28,800 6,000 2,296,900 18,500 84,100 90,000 247,100 728,000 2,370,400 336,400 1,100,500 5,024,900 150,400 24,500 911,700 554,200 97,500 36,800 333,500 20-day avg vol 869,280 31,440 40,255 3,092,640 40,700 118,485 67,520 227,945 2,558,525 1,557,065 386,670 1,550,000 5,376,285 70,505 210,580 1,468,370 170,225 130,320 61,575 2,057,530 p 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 3 of 3
41. Monday , 17 April, 2017 For Internal Circulation Only TA RESEARCH’S ‘DAILY COMPILED FOREIGN TECHNICAL REPORTS’ Foreign Technical Reports 1. Foreign Stock Watch (ASX) 2. Foreign Stock Watch (HK) 3. Foreign Stock Watch (FSSTI) 4. Foreign Stock Watch (US) 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 i 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research
42. TA Securities T e c h n i c a l V i e w Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Technical Stock Picks Australia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my BHP BILLITON LTD BOLLINGER BANDS AUD AUD AUD DMI Upper Middle Lower Recent Signal Signal Change 25.58 24.45 23.32 BUY AUD24.31 SIMPLE MOVING AVERAGES AUD 24.67 AUD 24.51 AUD 25.09 DAILY MACD Recent Signal BUY Signal Change 10-day 30-day 50-day QBE INSURANCE GROUP LTD ZZZXX Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS AUD AUD AUD DMI 13.11 12.84 12.57 SELL SELL www.taonline.com.my AUD12.63 SIMPLE MOVING AVERAGES AUD 12.87 AUD 12.83 AUD 12.70 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 1 of 7
43. AMP LTD Upper Middle Lower BOLLINGER BANDS AUD AUD AUD DMI Recent Signal Signal Change AUD5 .23 5.35 5.12 4.90 BUY SIMPLE MOVING AVERAGES AUD 5.22 AUD 5.08 AUD 5.07 DAILY MACD Recent Signal BUY Signal Change 10-day 30-day 50-day SUNCORP GROUP LTD Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS AUD AUD AUD DMI 13.53 13.15 12.77 BUY AUD13.50 SIMPLE MOVING AVERAGES AUD 13.16 AUD 13.22 AUD 13.26 DAILY MACD Recent Signal BUY Signal Change 10-day 30-day 50-day Page 2 of 7
44. COCA COLA AMATIL LTD Upper Middle Lower BOLLINGER BANDS AUD AUD AUD DMI Recent Signal Signal Change 10 .94 10.61 10.27 BUY AUD10.77 SIMPLE MOVING AVERAGES AUD 10.73 AUD 10.54 AUD 10.36 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day COMPUTERSHARE LTD Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS AUD AUD AUD DMI AUD13.78 14.27 13.92 13.57 10-day 30-day 50-day SELL SELL Recent Signal Signal Change Page 3 of 7 SIMPLE MOVING AVERAGES AUD 14.00 AUD 13.93 AUD 13.68 DAILY MACD SELL
45. WEEKLY FOREIGN STOCK WATCH UPDATE The table below consists of the top 30 ASX 200 Index component stocks , weighted by market capitalization in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section. The technical BUY/SELL signals on the last four columns are auto generated; the first two being existing or recent signals while the last two represent a signal change from BUY to SELL or the reverse, otherwise no change is indicated by a dash. Stock names and technical statistics in bold highlight stocks that have changes in BUY/SELL signals on the DMI and MACD on the given date. Name ASX 200 BHP BILLITON RIO TINTO COMMONW BK AUSTR WESTPAC BANKING AUST AND NZ BANK NATL AUST BANK WESFARMERS WOODSIDE PETRO NEWCREST MINING WESTFIELD GROUP FORTESCUE METALS QBE INSURANCE ORIGIN ENERGY AMP SANTOS MACQUARIE GROUP SUNCORP GROUP ORICA OIL SEARCH COCA-COLA AMATIL AMCOR STOCKLAND ALUMINA COMPUTERSHARE QANTAS AIRWAYS SIMS METAL MGMT Close Bollinger Bands RSI Moving Averages DMI Change High Low 13-Apr Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff 5889.95 -44.01 5934.00 5881.30 5693.09 5834.60 5976.11 58.63 5885.52 5809.41 5779.16 31.11 18.46 26.27 12.64 24.31 59.15 86.25 34.75 31.90 33.09 45.14 33.15 25.13 9.32 5.50 12.63 7.52 5.23 3.80 87.90 13.50 17.81 7.50 10.77 15.38 4.94 1.76 13.78 3.90 11.61 -1.01 -2.74 -0.43 -0.18 -0.23 -0.13 0.16 -0.70 0.13 0.24 -0.40 -0.23 0.00 -0.07 -0.04 -0.73 0.05 -0.26 -0.09 -0.01 0.08 0.06 -0.06 -0.12 -0.05 -0.71 24.47 59.77 86.50 34.84 32.13 33.15 45.29 33.68 25.33 9.35 5.59 12.77 7.55 5.29 3.82 88.49 13.51 18.08 7.53 10.80 15.42 4.95 1.78 13.87 3.94 12.04 24.21 58.75 86.00 34.55 31.83 32.95 44.87 33.00 24.85 9.07 5.42 12.55 7.46 5.23 3.72 87.16 13.35 17.76 7.38 10.72 15.23 4.89 1.74 13.33 3.89 11.56 23.32 58.59 82.69 33.50 30.84 31.60 43.25 30.27 21.21 8.42 5.68 12.57 6.41 4.90 3.62 86.62 12.77 17.30 6.75 10.27 14.46 4.42 1.73 13.57 3.79 11.92 24.45 60.68 85.11 34.54 31.65 32.69 44.43 32.13 23.19 8.85 6.21 12.84 7.03 5.12 3.77 88.51 13.15 17.72 7.21 10.61 15.02 4.67 1.79 13.92 3.91 12.45 25.58 62.77 87.53 35.57 32.46 33.79 45.61 33.98 25.17 9.27 6.74 13.11 7.64 5.35 3.91 90.40 13.53 18.15 7.67 10.94 15.58 4.91 1.85 14.27 4.02 12.98 45.92 41.70 58.72 54.18 55.59 57.39 62.06 62.13 79.50 74.65 29.47 45.02 74.42 59.92 51.34 47.70 60.60 48.43 66.21 60.60 70.08 76.30 42.72 46.78 54.39 34.30 24.67 60.67 85.83 34.73 31.76 32.99 44.75 32.87 23.92 9.02 6.09 12.87 7.26 5.22 3.80 88.80 13.16 17.72 7.40 10.73 15.19 4.76 1.79 14.00 3.93 12.32 24.51 60.68 84.73 34.57 31.65 32.67 44.19 31.75 22.60 8.77 6.27 12.83 6.83 5.08 3.72 88.40 13.22 17.94 7.12 10.54 14.78 4.65 1.82 13.93 3.86 12.51 25.09 62.76 84.17 34.06 31.06 32.18 43.39 31.67 22.69 8.84 6.46 12.70 6.87 5.07 3.79 87.42 13.26 18.19 7.09 10.36 14.67 4.61 1.86 13.68 3.72 12.39 29.40 24.80 25.95 27.10 24.52 27.51 23.95 35.55 41.81 37.66 12.83 24.02 41.32 26.44 25.61 20.29 27.59 23.65 29.10 23.58 26.84 35.74 21.01 16.07 19.68 19.30 27.32 36.20 17.39 24.94 21.58 19.94 18.58 20.46 10.82 10.29 43.62 27.21 13.41 11.58 26.62 26.01 20.80 21.13 18.62 15.12 15.95 9.18 26.74 26.92 19.79 34.33 15.03 15.39 16.04 14.85 16.45 18.72 18.08 28.44 29.61 31.05 28.51 15.67 31.30 23.88 15.01 10.64 14.18 16.80 25.96 23.97 23.25 30.36 10.33 18.95 21.78 12.60 2.08 (11.40) 8.56 2.16 2.93 7.57 5.37 15.09 30.99 27.38 (30.80) (3.18) 27.92 14.86 (1.01) (5.72) 6.79 2.52 10.48 8.46 10.89 26.56 (5.73) (10.84) (0.11) (15.03) MACD Line Signal Diff 41.43 35.74 5.685 0.01 -0.39 0.60 0.17 0.19 0.24 0.41 0.57 0.72 0.10 -0.16 0.04 0.20 0.07 0.02 0.26 0.02 -0.08 0.14 0.12 0.21 0.08 -0.02 0.08 0.05 -0.09 -0.14 -0.55 0.54 0.20 0.21 0.25 0.43 0.39 0.48 0.05 -0.11 0.06 0.14 0.05 0.01 0.40 -0.04 -0.15 0.10 0.12 0.19 0.05 -0.02 0.11 0.07 -0.02 0.142 0.155 0.062 (0.027) (0.020) (0.017) (0.023) 0.174 0.243 0.047 (0.053) (0.021) 0.062 0.016 0.014 (0.138) 0.057 0.065 0.039 (0.002) 0.020 0.029 0.003 (0.037) (0.014) (0.064) DMI MACD DMI MACD Recent Signal Signal Change BUY BUY BUY BUY SELL BUY SELL BUY BUY BUY SELL BUY SELL BUY SELL BUY SELL BUY BUY BUY BUY BUY BUY SELL SELL SELL SELL SELL BUY BUY BUY BUY SELL BUY SELL SELL SELL BUY BUY BUY BUY BUY BUY BUY SELL BUY BUY BUY BUY SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL - INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 4 of 7
46. Fundamentals of Foreign Technical Picks Bloomberg Ticker Stock Name BHP AU BHP BILLITON LTD RIO AU RIO TINTO LTD CBA AU COMMONW BK AUSTR WBC AU WESTPAC BANKING ANZ AU AUST AND NZ BANK NAB AU NATL AUST BANK WES AU WESFARMERS LTD WPL AU WOODSIDE PETRO NCM AU NEWCREST MINING WFD AU WESTFIELD GROUP FMG AU FORTESCUE METALS QBE AU QBE INSURANCE ORG AU ORIGIN ENERGY AMP AU AMP LTD STO AU SANTOS LTD MQG AU MACQUARIE GROUP SUN AU SUNCORP GROUP LT ORI AU ORICA LTD OSH AU OIL SEARCH LTD CCL AU COCA-COLA AMATIL AMC AU AMCOR LTD SGP AU STOCKLAND AWC AU ALUMINA LTD CPU AU COMPUTERSHARE LT QAN AU QANTAS AIRWAYS SGM AU SIMS METAL MGMT Close Target Price % upside EPS ($) Div Yield(%) PER(x) 52week Price % Chg 2017 2018 2017 2018 2017 2018 High Low YTD 24.31 27.82 13% 1.50 1.27 12.3 14.5 3.534 3.283 27.96 17.29 -2.99 59.15 70.94 17% 4.65 3.39 9.7 13.2 4.555 3.386 69.80 41.51 -1.25 86.25 84.06 -3% 5.64 5.84 15.3 14.8 4.917 5.060 86.68 69.22 4.66 34.75 34.01 -2% 2.41 2.51 14.4 13.9 5.364 5.355 35.39 27.57 6.60 31.90 31.20 -2% 2.39 2.43 13.3 13.1 5.066 5.132 32.44 22.66 4.87 33.09 32.42 -2% 2.41 2.47 13.7 13.4 5.923 5.817 33.63 23.90 7.89 45.14 43.46 -4% 2.61 2.63 17.3 17.2 4.891 4.967 46.06 38.62 7.12 33.15 32.87 -1% 1.27 1.45 19.8 17.4 3.044 3.457 33.97 24.98 6.39 25.13 22.97 -9% 0.74 0.92 25.9 20.8 0.684 0.983 27.20 16.35 24.10 9.32 9.48 2% 0.33 0.36 21.4 19.7 2.747 2.800 11.14 8.21 -0.64 5.50 6.57 16% 0.85 0.50 4.9 8.4 5.800 3.509 7.27 2.81 -6.62 12.63 13.64 7% 0.64 0.81 15.0 11.9 3.357 3.959 13.28 9.22 1.69 7.52 7.44 -1% 0.30 0.56 24.8 13.5 0.000 1.303 7.57 4.65 14.11 5.23 5.31 1% 0.36 0.37 14.7 14.0 5.545 5.793 5.96 4.39 3.77 3.80 4.40 14% 0.14 0.19 21.2 15.5 0.974 2.026 5.07 3.30 -5.47 87.90 88.37 1% 6.16 6.36 14.3 13.8 4.834 5.046 90.93 61.05 0.90 13.50 13.77 2% 0.90 0.97 14.9 13.9 5.385 5.815 13.95 11.27 -0.15 17.81 16.75 -6% 1.05 1.13 17.0 15.8 2.981 3.234 19.49 12.04 0.74 7.50 7.98 6% 0.21 0.25 27.0 22.9 1.173 1.413 7.75 6.16 4.60 10.77 9.92 -9% 0.57 0.60 18.8 18.1 4.448 4.578 10.87 7.94 6.42 15.38 15.97 4% 0.61 0.65 19.2 18.0 2.770 3.108 16.66 13.62 2.88 4.94 4.83 -2% 0.32 0.34 15.4 14.7 5.202 5.405 5.11 4.03 7.86 1.76 1.86 6% 0.11 0.10 12.1 13.9 6.040 5.983 2.04 1.21 -4.10 13.78 13.82 0% 0.55 0.61 19.1 17.2 1.901 2.032 14.33 8.63 10.59 3.90 4.39 11% 0.53 0.53 7.40 7.37 3.769 4.615 4.08 2.58 17.12 11.61 12.42 7% 0.64 0.73 18.3 16.0 3.299 3.394 13.62 7.40 -9.51 Note : The above data is based on Bloomberg consensus. Page 5 of 7
47. Daily Money Flow of Technical Stock Picks Australia THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY * Chartist: Stephen Soo Tel: +603-2167 9607 www.taonline.com.my (B) 10-Apr 11-Apr 12-Apr 13-Apr Total 5D MF (A) 7-Apr Prv. Chg Cur. Chg ASX 200 (8.1) 5.2 1.2 (9.0) (8.6) (19.3) (10.2) 0.5 1 BHP BILLITON (4.0) (1.1) (2.3) (3.8) 0.8 (10.4) (1.5) 4.5 24.59 25.73 25.41 2 RIO TINTO 3 COMMONW BK AUSTR (2.3) 2.2 0.0 0.3 4 WESTPAC BANKING 4.1 (2.4) (5.4) (1.7) 62.03 4.5 1.9 0.3 (0.4) 60.84 0.7 0.5 (4.9) 11.5 60.01 (0.1) 0.2 (5.1) 2.4 (0.7) (0.6) (4.3) 1.7 84.77 34.24 85.49 34.45 86.10 34.87 86.68 34.93 5 AUST AND NZ BANK 0.6 1.3 (0.3) (0.7) (1.3) (0.5) (0.4) (0.6) 31.41 31.70 31.81 32.13 31.90 6 NATL AUST BANK 1.1 0.5 (0.6) 0.1 (0.3) 0.9 0.7 (0.4) 32.48 32.68 33.01 33.22 33.09 7 WESFARMERS 0.2 0.6 (0.5) 0.7 0.4 1.3 1.2 (0.4) 44.42 44.75 44.60 44.98 45.14 8 WOODSIDE PETRO 9 NEWCREST MINING 1.0 (0.1) 1.7 (0.0) 33.85 (0.1) (2.9) (0.5) 1.0 24.38 9.00 24.50 9.01 24.61 8.96 25.00 9.08 33.15 25.13 10 WESTFIELD GROUP (0.5) (1.1) (0.3) 0.7 33.76 0.4 (0.7) (1.7) (0.9) 33.21 0.9 (0.7) 2.3 1.4 32.97 0.3 (0.4) (0.3) 0.2 11 FORTESCUE METALS (2.9) 0.5 (2.3) (0.8) 0.1 (5.3) 1.5 0.9 6.11 6.10 6.01 5.90 5.50 12 QBE INSURANCE 1.2 (0.1) (0.6) (0.2) (0.8) (0.5) 0.5 (0.6) 12.89 12.93 13.06 12.86 12.63 13 ORIGIN ENERGY 14 AMP (0.1) 0.1 (0.6) (0.5) 0.2 1.1 7.52 (1.4) 0.1 (0.5) 7.46 (0.8) (1.3) (5.0) 7.45 (1.5) (0.3) (0.3) 7.31 (1.0) 5.20 5.27 5.29 5.30 7.52 5.23 15 SANTOS (0.2) (1.3) (0.1) 1.1 (0.1) 2.2 (0.4) (1.8) (0.1) (0.9) (0.4) 0.3 16 MACQUARIE GROUP (2.4) (2.2) (4.0) (0.6) 3.85 87.93 3.87 88.70 3.87 89.35 3.84 88.63 87.90 17 SUNCORP GROUP (1.7) 0.2 0.4 0.1 0.1 (1.0) (0.4) 0.1 13.02 13.19 13.46 13.45 13.50 18 ORICA 0.4 0.2 0.5 (0.1) 0.0 1.1 (0.7) 0.2 17.47 17.85 18.08 18.07 17.81 (0.3) 0.0 (0.0) 0.9 (0.7) 0.2 (0.2) 0.3 0.5 (0.3) (0.0) (0.2) 7.50 10.77 15.38 0.0 (0.1) 1.1 0.4 (1.2) (0.1) (1.1) No Name 19 OIL SEARCH 20 COCA-COLA AMATIL 21 AMCOR 22 STOCKLAND Total Money Flow (AUD' mn) stsoo@ta.com.my 0.6 (0.5) 0.2 (0.0) 0.3 (0.2) 0.1 0.0 0.3 1.5 0.1 0.2 (0.3) (1.4) 0.2 (0.4) CLOSING PRICE 7-Apr 10-Apr 5,862.5 5,912.9 11-Apr 5,929.3 12-Apr 13-Apr 5,934.0 Chg (A+B) DMF 5,890.0 (44.00) OUT 25.32 24.31 61.89 59.15 86.25 (1.01) IN (2.74) OUT (0.43) OUT 7.42 10.77 7.49 10.69 7.53 10.70 7.59 10.78 15.27 4.75 15.25 4.78 15.24 4.84 15.30 4.88 34.75 9.32 3.80 4.94 (0.18) OUT (0.23) OUT (0.13) IN 0.16 IN (0.70) OUT 0.13 OUT 0.24 IN (0.40) IN (0.23) OUT 0.00 IN (0.07) IN (0.04) OUT (0.73) OUT 0.05 OUT (0.26) OUT (0.09) OUT (0.01) IN 0.08 IN 23 ALUMINA (0.6) (0.2) 0.3 0.2 (0.9) 1.77 1.80 1.80 1.82 1.76 24 COMPUTERSHARE (0.4) 0.1 0.1 (0.3) 0.4 (0.0) (0.3) 0.6 14.01 13.98 14.12 13.90 13.78 0.06 IN (0.06) OUT (0.12) IN 25 QANTAS AIRWAYS 26 SIMS METAL MGMT 0.2 (0.2) (0.6) (0.5) 3.95 0.0 0.4 (0.1) 3.92 0.2 0.1 (0.1) 3.94 (0.2) (1.1) (0.2) 3.92 (0.1) (0.1) (0.0) 12.47 12.56 12.40 12.32 3.90 11.61 (0.05) IN (0.71) OUT Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. Page 6 of 7
48. LIST OF RECOMMENDED BUY STOCKS FROM JAN 2016 TO CURRENT Stock AMCOR LTD AUSTRALIA & NZ BANK BHP BILLITON BHP BILLITON BHP BILLITON COCA-COLA AMMATIL COMPUTERSHARE MACQUARIE QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QBE INSURANCE QBE INSURANCE QBE INSURANCE RIO TINTO RIO TINTO RIO TINTO SANTOS STOCKLAND STOCKLAND SUNCORP GROUP SUNCORP GROUP WESTFIELD CORP WESTPAC BANKING WESTPAC BANKING WOODSIDE Total funds invested * Total unrealised profit Return REC BUY Date Price 17-Jun 25-Nov 21-Oct 6-May 10-Mar 30-Jun 26-May 13-Oct 16-Feb 4-Jan 21-Dec 9-Nov 2-Sep 27-Apr 7-Apr 7-Sep 26-Jul 17-Feb 4-Apr 28-Feb 7-Oct 23-Sep 18-Jan 31-Mar 1-Nov 23-Feb 23-Feb 22-Mar 25-Oct 8-Feb 14-Apr-17 Price 14.29 28.33 22.85 18.43 17.86 8.13 10.60 83.67 3.47 3.38 3.37 2.98 3.27 3.21 4.11 9.77 11.13 10.01 60.01 62.49 52.21 3.69 4.38 4.27 11.97 11.66 9.01 34.32 30.57 31.60 15.38 31.90 24.31 24.31 24.31 10.77 13.78 87.90 3.90 3.90 3.90 3.90 3.90 3.90 3.90 12.63 12.63 12.63 59.15 59.15 59.15 3.80 4.94 4.94 13.50 13.50 9.32 34.75 34.75 33.15 Change (+/-) 1.09 3.57 1.46 5.88 6.45 2.64 3.18 4.23 0.43 0.52 0.53 0.92 0.63 0.69 (0.21) 2.86 1.50 2.62 (0.86) (3.34) 6.94 0.11 0.56 0.67 1.53 1.84 0.31 0.43 4.18 1.55 pct ST 7.63 12.60 6.39 31.90 36.11 32.47 30.00 5.06 12.39 15.38 15.73 30.87 19.27 21.50 (5.11) 29.27 13.48 26.17 (1.43) (5.34) 13.29 2.98 12.79 15.69 12.78 15.78 3.44 1.25 13.67 4.91 575,040 52,910 9.20% Upside Targets MT LT 15.57 16.66 17.74 33.61 37.25 40.88 25.17 27.79 32.04 25.17 27.79 32.04 25.17 27.79 32.04 11.00 11.71 12.16 15.42 16.23 16.88 93.46 97.59 100.95 4.22 4.69 4.98 4.22 4.69 4.98 4.22 4.69 4.98 4.22 4.69 4.98 4.22 4.69 4.98 4.22 4.69 4.98 4.22 4.69 4.98 13.63 15.00 16.36 13.63 15.00 16.36 13.63 15.00 16.36 63.50 69.80 77.65 63.50 69.80 77.65 63.50 69.80 77.65 4.09 4.47 4.95 5.11 5.44 6.64 5.11 5.44 6.64 14.57 15.62 16.28 14.57 15.62 16.28 9.67 10.02 10.44 36.98 39.85 42.70 36.98 39.85 42.70 33.84 36.94 40.03 ST 1.24 5.36 3.54 3.54 3.54 2.14 11.90 6.33 8.21 8.21 8.21 8.21 8.21 8.21 8.21 7.92 7.92 7.92 7.35 7.35 7.35 7.63 3.44 3.44 7.93 7.93 3.76 6.42 6.42 2.08 % Upside MT 8.32 16.77 14.32 14.32 14.32 8.73 17.78 11.02 20.26 20.26 20.26 20.26 20.26 20.26 20.26 18.76 18.76 18.76 18.01 18.01 18.01 17.63 10.12 10.12 15.70 15.70 7.51 14.68 14.68 11.43 LT 15.34 28.15 31.80 31.80 31.80 12.91 22.50 14.85 27.69 27.69 27.69 27.69 27.69 27.69 27.69 29.53 29.53 29.53 31.28 31.28 31.28 30.26 34.41 34.41 20.59 20.59 12.02 22.88 22.88 20.75 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from JANUARY 2016 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 7 of 7
49. TA Securities T e c h n i c a l V i e w Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Technical Stock Picks Hong Kong THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my BANK OF CHINA LTD Upper Middle Lower BOLLINGER BANDS HKD HKD HKD DMI 4.06 3.85 3.64 Recent Signal Signal Change SELL HKD3.71 SIMPLE MOVING AVERAGES HKD 3.76 HKD 3.85 HKD 3.84 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day ESPRIT HLGS LTD ZZZXX Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS HKD HKD HKD DMI www.taonline.com.my HKD6.11 7.06 6.53 6.00 SELL SIMPLE MOVING AVERAGES HKD 6.32 HKD 6.68 HKD 6.55 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 1 of 7
50. MTR CORP LTD Upper Middle Lower BOLLINGER BANDS HKD HKD HKD DMI Recent Signal Signal Change HKD44 .65 44.95 43.54 42.13 BUY SIMPLE MOVING AVERAGES HKD 44.14 HKD 42.92 HKD 41.99 DAILY MACD Recent Signal BUY Signal Change 10-day 30-day 50-day CITIC LTD Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS HKD HKD HKD DMI HKD11.00 11.44 11.14 10.84 SELL SIMPLE MOVING AVERAGES HKD 11.05 HKD 11.11 HKD 11.26 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 2 of 7
51. COSCO SHIPPING PORTS LTD Upper Middle Lower BOLLINGER BANDS HKD HKD HKD DMI Recent Signal Signal Change 8 .83 8.55 8.27 BUY HKD8.49 SIMPLE MOVING AVERAGES HKD 8.53 HKD 8.52 HKD 8.47 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day FIH MOBILE LTD Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS HKD HKD HKD DMI HKD2.71 3.34 2.97 2.59 10-day 30-day 50-day SELL Recent Signal Signal Change Page 3 of 7 SIMPLE MOVING AVERAGES HKD 2.82 HKD 3.04 HKD 2.97 DAILY MACD SELL
52. WEEKLY FOREIGN STOCK WATCH UPDATE The table below consists of the 45 HKSE Hang Seng Index component stocks , sorted by market capitalization in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section. The technical BUY/SELL signals on the last four columns are auto generated; the first two being existing or recent signals while the last two represent a signal change from BUY to SELL or the reverse, otherwise no change is indicated by a dash. Stock names and technical statistics in bold highlight stocks that have changes in BUY/SELL signals on the DMI and MACD on the given date. Stock Close Name 13-Apr HANG SENG 24,261.66 HSBC CH MOBILE CCONB ICBC CNOOC CH LIFE BOC SHK PROP PETRO CH TENCENT HKSE CK HUTCHISON PING AN SINOPEC CORP CH SHENHUA CLP LI & FUNG BOC HK HS BANK HK&CH GAS SWIRE HL PROP WHARF CH OV LAND POWER ASSETS BELLE HENDERSON BOCOMM CH COAL CH UNICOM BK EASIA ESPRIT MTR SINO LAND CH RES NEW WORLD CH RES LAND CH MERCHANT CH RES POWER ALCORP CATHAY CITIC COSCO FIH MOBILE LTD GENHK AIA SANDS CHINA GALAXY 63.35 84.50 6.26 5.02 9.43 23.05 3.71 119.30 5.69 230.60 194.20 94.80 42.35 6.37 18.08 81.75 3.29 31.55 156.10 15.78 75.85 20.75 67.35 23.30 68.50 5.27 50.05 5.94 4.13 10.64 31.45 6.11 44.65 13.46 19.44 9.94 22.75 22.70 14.52 3.89 10.94 11.00 8.49 2.71 2.40 49.85 37.25 43.25 Change High Lower (51.84) (0.85) (0.35) 0.03 0.00 (0.02) (0.15) 0.00 1.60 0.01 (0.40) (1.00) (0.70) (0.15) (0.03) (0.08) (0.50) 0.00 (0.10) (2.10) (0.04) 1.05 0.10 0.10 0.00 (0.20) 0.11 0.25 (0.02) (0.05) 0.14 (0.30) 0.02 (0.15) 0.04 0.62 0.18 0.10 (0.25) 0.14 (0.05) 0.02 (0.04) 0.09 (0.02) 0.00 0.00 (0.10) (0.25) 24,378.38 24,158.16 63.95 84.80 6.30 5.07 9.47 23.30 3.75 119.50 5.73 233.80 195.20 95.00 42.60 6.43 18.22 82.10 3.30 31.70 157.90 15.84 76.60 20.90 67.90 23.65 68.65 5.30 50.10 5.97 4.19 10.74 31.90 6.13 44.80 13.54 19.54 10.04 22.95 23.10 14.52 3.95 11.30 11.04 8.49 2.73 2.41 50.00 37.35 43.25 63.35 84.20 6.19 4.99 9.35 22.80 3.68 117.10 5.65 228.80 193.10 94.35 42.00 6.33 18.04 81.55 3.28 31.25 155.90 15.70 74.90 20.25 66.40 23.00 68.15 5.07 49.15 5.90 4.10 10.44 31.45 6.05 44.45 13.32 18.72 9.66 22.15 22.50 14.24 3.84 10.86 10.94 8.32 2.70 2.38 49.45 36.95 42.90 RSI Bollinger Bands Low 24,085.65 62.65 82.98 6.17 4.97 8.92 22.74 3.64 112.73 5.62 220.76 192.88 94.62 42.16 5.94 16.88 79.26 3.11 31.48 156.16 15.02 75.63 20.07 65.77 21.46 66.31 4.92 46.28 5.87 3.91 9.96 31.55 6.00 42.13 13.28 17.28 9.53 21.06 21.52 13.78 3.66 10.91 10.84 8.27 2.59 2.31 49.09 34.24 39.92 Mid Upper 14d 24,308.65 24,531.66 53.83 63.45 86.54 6.34 5.11 9.27 24.01 3.85 115.65 5.76 226.11 196.12 96.30 43.26 6.27 18.22 81.19 3.55 31.98 158.28 15.53 77.67 20.52 67.59 23.35 67.79 5.15 48.42 6.05 4.07 10.46 32.10 6.53 43.54 13.67 18.24 9.76 22.08 22.29 14.34 3.91 11.18 11.14 8.55 2.97 2.39 49.70 36.12 42.26 64.25 90.10 6.51 5.25 9.62 25.29 4.06 118.57 5.90 231.46 199.35 97.98 44.35 6.61 19.56 83.11 3.98 32.47 160.40 16.05 79.70 20.98 69.40 25.24 69.27 5.38 50.55 6.24 4.23 10.96 32.65 7.06 44.95 14.05 19.19 10.00 23.09 23.05 14.90 4.16 11.45 11.44 8.83 3.34 2.47 50.31 38.00 44.60 46.89 42.07 48.84 46.23 56.55 36.96 36.80 72.62 42.15 64.51 46.78 41.26 44.37 58.60 55.90 58.51 33.10 46.83 42.30 65.66 37.59 57.99 58.46 49.97 54.38 57.23 79.18 42.14 54.08 58.91 39.75 33.21 72.02 48.39 70.14 60.38 62.38 59.86 58.28 47.06 39.85 44.03 49.74 34.78 54.12 55.12 65.49 66.05 Moving Averages 10d 24,254.18 63.47 85.39 6.27 5.05 9.40 23.55 3.76 116.69 5.71 227.02 195.41 95.60 42.97 6.41 18.24 81.96 3.33 31.89 157.87 15.75 77.42 20.49 66.84 22.76 68.08 5.10 49.16 5.98 4.08 10.63 32.02 6.32 44.14 13.57 18.47 9.72 21.96 22.60 14.22 3.95 11.17 11.05 8.53 2.82 2.38 49.58 36.90 43.23 30d DMI 50d DI + DMI MACD DI - ADX Diff Line Signal Diff MACD Recent Signal DMI MACD Signal Change 24,101.14 23,959.96 21.71 24.33 19.39 (2.62) 97.00 130.44 (33.440) SELL SELL - - 63.43 85.92 6.29 5.07 9.18 23.90 3.85 114.73 5.77 221.19 194.68 96.19 42.70 6.15 17.48 80.34 3.56 31.72 158.37 15.35 78.32 20.30 66.53 23.60 67.92 5.19 47.38 6.05 4.04 10.13 32.03 6.68 42.92 13.56 18.04 9.82 21.73 22.00 14.32 3.96 11.32 11.11 8.52 3.04 2.39 49.53 35.32 41.02 64.43 86.49 6.23 5.03 9.31 23.85 3.84 112.93 5.89 215.94 195.11 94.91 42.27 6.14 17.00 79.29 3.51 31.50 159.61 15.16 78.94 20.03 63.77 23.69 68.85 5.20 46.07 6.05 4.07 9.84 32.50 6.55 41.99 13.31 17.73 9.69 21.41 21.82 14.17 4.02 11.23 11.26 8.47 2.97 2.37 48.99 34.16 39.05 20.65 25.52 21.43 25.90 16.43 24.47 32.27 15.93 24.09 16.00 19.30 24.19 17.42 15.22 20.13 15.47 29.81 23.65 22.25 16.79 28.25 21.06 14.44 20.94 13.71 18.62 15.44 25.09 14.80 13.66 25.12 27.96 10.16 17.66 9.77 17.85 16.73 9.33 14.67 22.44 25.16 24.31 18.63 24.47 16.17 19.44 11.62 10.62 8.47 17.84 15.54 17.92 22.29 18.79 24.15 26.86 16.38 25.49 13.25 23.22 27.23 29.58 28.41 36.50 26.81 20.48 20.87 38.19 16.26 18.26 29.82 20.72 18.27 20.03 38.84 15.35 14.39 38.27 16.95 25.03 51.30 24.04 29.91 17.56 20.24 22.67 18.27 13.74 15.85 23.91 14.65 28.18 27.76 16.10 36.29 50.41 4.73 (8.92) (2.98) (6.16) 7.04 (9.31) (13.46) 10.47 (5.23) 15.12 (4.53) (11.63) 0.11 9.74 9.26 4.42 (15.70) (10.97) (12.75) 3.30 (12.76) 2.85 7.66 2.12 3.59 3.49 15.94 (10.06) 11.71 8.98 (12.42) (14.93) 19.40 (3.15) 27.59 9.20 12.37 13.02 8.61 (0.31) (2.61) (13.40) 0.68 (8.61) 13.87 0.30 12.36 13.27 -0.12 -0.42 0.00 -0.01 0.06 -0.17 -0.04 1.49 -0.05 3.88 0.10 -0.01 0.08 0.11 0.38 0.89 -0.08 0.09 -0.45 0.21 -0.71 0.19 0.72 -0.23 0.06 -0.02 1.11 -0.04 0.03 0.25 -0.15 -0.15 0.77 0.04 0.37 0.02 0.32 0.29 0.05 0.00 -0.06 -0.07 0.00 -0.09 0.01 0.18 0.88 1.29 -0.22 -0.18 0.02 0.01 0.03 -0.02 -0.02 1.28 -0.05 4.08 0.37 0.26 0.30 0.10 0.47 0.95 -0.05 0.19 -0.27 0.21 -0.45 0.22 1.07 -0.26 -0.14 -0.03 1.06 -0.02 0.01 0.28 -0.09 -0.09 0.73 0.10 0.28 0.01 0.26 0.27 0.04 -0.01 -0.02 -0.06 0.03 -0.05 0.00 0.22 0.83 1.37 0.103 (0.240) (0.022) (0.020) 0.032 (0.151) (0.024) 0.211 0.003 (0.193) (0.270) (0.273) (0.213) 0.007 (0.091) (0.063) (0.037) (0.103) (0.177) 0.006 (0.256) (0.024) (0.352) 0.039 0.201 0.008 0.049 (0.018) 0.016 (0.027) (0.057) (0.065) 0.041 (0.068) 0.091 0.007 0.060 0.012 0.015 0.010 (0.045) (0.005) (0.031) (0.044) 0.002 (0.037) 0.052 (0.084) BUY SELL SELL SELL BUY SELL SELL BUY SELL BUY SELL SELL BUY BUY BUY BUY SELL SELL SELL BUY SELL BUY BUY BUY BUY BUY BUY SELL BUY BUY SELL SELL BUY SELL BUY BUY BUY BUY BUY SELL SELL SELL BUY SELL BUY BUY BUY BUY BUY SELL SELL SELL BUY SELL SELL BUY BUY SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL BUY SELL SELL SELL BUY BUY BUY BUY SELL BUY SELL SELL SELL BUY SELL BUY BUY BUY BUY BUY BUY SELL SELL SELL SELL BUY SELL BUY SELL BUY BUY BUY BUY SELL BUY - BUY BUY - 25.38 16.59 18.45 19.75 23.48 15.16 18.81 26.40 18.85 31.13 14.77 12.56 17.54 24.97 29.39 19.89 14.11 12.68 9.50 20.09 15.50 23.91 22.09 23.06 17.29 22.11 31.38 15.03 26.50 22.64 12.70 13.03 29.56 14.51 37.37 27.05 29.10 22.36 23.28 22.14 22.55 10.91 19.31 15.86 30.04 19.74 23.98 23.89 INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 4 of 7
53. Fundamentals of Foreign Technical Picks Bloomberg Ticker 5 941 939 1398 883 2628 3988 16 857 700 388 1 2318 386 1088 2 494 2388 11 3 19 101 4 688 6 1880 12 3328 1898 762 23 330 66 83 291 17 1109 144 836 2600 293 267 1199 2038 678 1299 1928 27 HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK EPS ($) PER(x) Div Yield(%) Stock Name Close Target Price HSBC CH MOBILE CCONB ICBC CNOOC CH LIFE BOC SHK PROP PETRO CH TENCENT HKSE CK HUTCHISON PING AN SINOPEC CORP CH SHENHUA CLP LI & FUNG BOC HK HS BANK HK&CH GAS SWIRE HL PROP WHARF CH OV LAND POWER ASSETS BELLE HENDERSON BOCOMM CH COAL CH UNICOM BK EASIA ESPRIT MTR SINO LAND CH RES NEW WORLD CH RES LAND CH MERCHANT CH RES POWER ALCORP CATHAY CITIC COSCO FIH MOBILE LTD GENHK AIA SANDS CHINA LTD GALAXY 63.35 62.70 84.50 106.47 21% 6.26 7.56 17% 5.02 6.10 18% 0.8 0.8 9.43 11.10 15% 0.6 0.8 23.05 28.37 19% 0.9 1.1 22.2 18.4 3.71 4.48 17% 0.6 0.6 5.7 5.4 119.30 129.72 8% 8.8 9.5 13.6 12.6 5.69 7.00 19% 0.3 0.4 19.7 230.60 257.43 10% 6.1 7.9 33.3 % upside -1% 52week Price % Chg 2017 2018 2017 2018 2017 2018 High Low YTD 0.6 0.6 13.8 12.6 0.8 0.8 69.10 44.50 1.77 5.7 6.1 13.2 12.3 3.1 3.4 99.30 80.30 2.80 0.9 1.0 5.9 5.6 4.6 4.8 6.55 4.50 4.86 5.6 5.4 4.7 4.9 5.27 3.82 7.96 N/A 10.7 3.5 3.7 10.88 8.70 -2.78 1.4 1.6 25.50 16.00 14.11 4.7 5.1 4.08 2.90 7.85 3.4 3.5 123.30 85.40 21.73 12.8 1.9 3.0 6.38 4.92 -1.56 25.9 0.3 0.4 233.80 152.20 21.56 194.20 197.45 2% 5.7 6.3 34.2 30.8 2.6 2.9 213.20 175.00 6.00 94.80 114.23 17% 9.2 10.0 10.3 9.4 3.0 3.3 103.90 80.60 7.85 42.35 56.85 26% 3.7 4.1 10.2 9.2 1.7 1.8 44.95 32.50 9.15 6.37 7.36 13% 0.4 0.5 12.7 11.2 4.0 4.5 6.57 4.96 15.82 18.08 19.10 5% 1.6 1.5 10.3 10.7 3.2 3.2 19.78 11.40 23.84 81.75 79.60 -3% 5.0 5.2 16.2 15.7 3.5 3.6 84.35 69.65 14.74 3.29 3.16 -4% 0.0 0.0 15.1 13.7 0.8 0.8 5.15 3.24 -3.52 31.55 35.87 12% 2.7 2.9 11.8 10.9 4.3 4.5 32.55 21.01 13.69 156.10 154.53 -1% 9.2 10.1 16.9 15.4 4.0 4.3 164.40 127.60 8.18 15.78 12.92 -22% 0.6 0.6 26.4 25.3 2.4 2.5 15.92 12.95 14.85 75.85 77.17 2% 5.0 5.2 15.3 14.5 3.6 3.8 94.40 72.20 2.43 20.75 19.66 -6% 1.2 1.1 17.3 19.1 3.6 3.6 20.95 13.64 26.22 67.35 66.22 -2% 4.7 4.8 14.4 13.9 3.2 3.4 69.95 40.05 30.65 23.30 28.95 20% 3.2 3.6 7.2 6.4 3.6 4.2 27.85 20.15 13.38 68.50 74.22 8% 3.4 3.5 19.9 19.3 4.0 4.1 75.73 62.78 7.20 5.27 4.94 -7% 0.4 0.4 11.7 11.6 4.6 4.7 5.79 4.07 20.87 50.05 48.82 -3% 3.3 3.2 15.2 15.6 3.1 3.1 50.20 39.64 21.33 5.94 6.07 2% 0.9 0.9 5.9 5.6 4.6 4.8 6.44 4.46 5.88 4.13 4.67 12% 0.3 0.3 12.7 13.4 2.0 1.7 4.88 2.92 12.23 10.64 12.18 13% 0.2 0.4 41.0 22.8 0.8 1.4 11.20 7.70 17.83 31.45 25.91 -21% 2.2 1.8 14.3 17.8 3.0 2.6 34.75 26.35 5.89 6.11 5.89 -4% 0.0 0.2 N/A 38.0 0.0 1.2 7.62 5.34 0.33 44.65 39.58 -13% 1.6 1.6 28.2 27.3 7.4 2.5 44.80 35.55 18.44 13.46 13.86 3% 0.8 0.8 16.1 16.2 3.8 3.8 14.48 10.96 15.83 19.44 18.95 -3% 0.6 0.7 30.6 26.3 1.0 1.1 19.54 13.38 26.23 9.94 11.22 11% 0.8 0.8 12.8 12.1 4.4 4.4 10.46 6.91 21.22 22.75 28.28 20% 2.8 3.2 8.2 7.1 3.5 4.0 23.85 16.50 30.45 22.70 24.61 8% 1.6 1.7 14.0 13.6 3.3 3.5 24.95 18.80 17.98 14.52 15.03 3% 1.4 1.5 10.6 9.7 5.7 5.9 15.50 10.70 17.86 21.56 3.89 4.49 13% 0.2 0.2 17.3 15.9 0.3 0.5 4.45 2.25 10.94 9.91 -10% -0.1 0.2 N/A 45.8 0.5 0.7 13.50 10.00 7.25 11.00 12.35 11% 1.6 1.7 7.1 6.5 3.1 3.9 12.78 10.54 -0.90 8.49 9.10 7% 0.1 0.1 13.8 12.7 0.4 0.4 9.48 7.28 8.99 2.71 3.07 12% 0.0 0.0 43.6 13.9 0.4 0.5 3.35 2.31 10.61 2.40 2.45 2% 0.0 0.0 N/A N/A 0.0 0.0 2.88 2.00 6.19 49.85 56.81 12% 0.4 0.4 17.3 15.7 0.2 0.3 54.15 42.30 13.94 37.25 38.23 3% 0.2 0.2 24.7 22.2 0.7 0.7 39.30 24.60 10.53 43.25 44.02 2% 1.7 1.8 26.2 24.1 1.1 1.3 44.05 21.73 28.76 Note : The above data based on Bloomberg consensus. Page 5 of 7
54. Daily Money Flow of Technical Stock Picks Hong Kong THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY * Chartist: Stephen Soo No Name HANG SENG 1 HSBC 2 CH MOBILE 3 CCONB 4 ICBC 5 CNOOC 6 7 8 9 CH LIFE BOC SHK PROP PETRO CH 10 TENCENT 11 HKSE 12 CK HUTCHISON 13 14 15 16 PING AN SINOPEC CORP CH SHENHUA CLP 17 LI & FUNG 18 BOC HK 19 HS BANK 20 21 22 23 HK&CH GAS SWIRE HL PROP WHARF 24 CH OV LAND 25 POWER ASSETS 26 BELLE 27 28 29 30 HENDERSON BOCOMM CH COAL CH UNICOM 31 BK EASIA 32 ESPRIT 33 MTR 34 35 36 37 SINO LAND CH RES NEW WORLD CH RES LAND 38 CH MERCHANT 39 CH RES POWER 40 ALCORP 41 42 43 44 45 46 47 48 CATHAY CITIC COSCO FIH MOBILE GENHK AIA SANDS CHINA LTD GALAXY ENTERTAIN Tel: +603-2167 9607 Total Money Flow (HKD' mn) stsoo@ta.com.my www.taonline.com.my (B) 12-Apr 13-Apr Total 5D MF (A) 11-Apr Prv. Chg Cur. Chg 34.9 (6.9) 269.5 (60.3) 108.8 276.4 (329.8) 24,267.3 24,262.2 24,088.5 24,313.5 24,261.7 (51.84) OUT 95.0 53.1 46.6 64.20 1.5 (2.3) 34.7 0.7 3.7 15.6 (5.6) 7.2 (104.6) (5.3) (0.4) 84.85 6.23 5.02 (6.6) (1.6) 21.3 (6.9) 72.8 1.6 2.3 84.35 6.20 4.97 (6.4) 10.4 (11.4) (6.3) 7.6 36.0 (4.4) 85.40 6.27 5.04 (0.85) (0.35) (38.6) 19.1 3.4 85.50 6.23 5.01 63.35 84.50 OUT (2.3) 66.0 24.3 (62.7) 3.1 63.70 (6.2) (6.9) 22.7 (6.5) 3.9 63.40 (22.9) 5.1 3.4 197.8 (41.3) 63.25 (10.7) (18.0) (33.5) (16.1) 0.8 1.7 (46.7) (21.2) (4.7) 58.4 14.6 (6.9) 54.5 (7.5) 6.5 9.45 23.20 3.71 117.70 (6.8) 0.7 10.0 17.9 (40.2) 6.4 (6.3) 9.39 23.05 3.69 116.80 (5.6) (8.7) (7.3) 30.8 87.9 (5.6) (13.5) 9.49 23.30 3.73 117.60 0.03 0.00 (0.02) 8.7 49.0 (0.3) 1.8 9.54 23.55 3.73 117.00 6.26 5.02 9.43 2.7 (1.8) (8.0) (8.3) 1.9 7.6 1.1 4.4 (102.2) (12.0) (0.4) 5.68 231.00 195.20 (0.7) 3.0 (6.0) (16.7) 105.1 35.8 (0.9) 5.68 225.00 193.80 (2.7) (32.6) 1.8 (4.8) (40.1) (1.4) 2.7 5.77 226.40 195.50 (0.15) 0.00 1.60 0.01 (43.8) 2.6 1.5 5.78 227.20 195.90 23.05 3.71 119.30 5.69 (1.6) 1.5 5.8 0.2 3.9 (0.9) (30.8) (1.2) 0.2 (3.2) 95.50 42.50 6.40 18.16 (0.9) (0.8) (1.3) 9.4 9.0 12.7 1.8 95.55 42.30 6.41 18.24 (5.6) (2.1) 32.9 (47.1) (11.3) (20.9) (11.0) 95.70 42.50 6.48 18.32 (0.40) (1.00) (0.70) (23.3) (0.2) 4.5 (3.0) 95.45 42.85 6.55 18.34 230.60 194.20 94.80 (3.9) (5.2) (5.8) 0.8 1.4 (5.2) (4.7) 1.8 (2.8) (0.2) (2.6) 82.25 3.29 31.65 1.1 0.2 1.2 (2.4) 2.4 (6.6) 5.3 81.20 3.27 31.75 3.5 4.0 (1.0) 0.4 3.6 35.5 1.0 82.45 3.34 31.65 (0.15) (0.03) (0.08) (0.50) 1.1 (1.0) (1.2) 82.30 3.33 31.75 42.35 6.37 18.08 81.75 1.2 (0.2) (1.6) (0.7) 3.3 0.4 3.0 7.2 (1.7) 2.8 158.20 15.82 74.80 20.65 (1.8) (10.6) 3.0 (0.0) 1.1 1.0 (1.9) 156.60 15.68 76.00 20.45 (1.2) 1.8 (2.6) (8.6) (7.9) 0.6 (0.3) 157.70 15.90 78.10 20.65 0.00 (0.10) (2.10) (2.2) 2.4 0.1 2.1 157.50 15.90 77.90 20.45 3.29 31.55 156.10 (1.6) 7.2 (7.9) (5.6) 0.3 (1.9) 1.7 (0.3) (9.9) (3.6) (0.1) 67.25 23.30 68.70 (3.0) 0.3 (2.0) (0.5) 3.5 2.0 2.0 66.20 22.95 68.35 (2.6) 1.2 (3.0) 0.4 (12.1) (4.0) (6.5) 66.70 23.00 68.80 (0.04) 1.05 0.10 0.10 (6.6) (3.2) 0.3 66.00 22.95 68.75 15.78 75.85 20.75 67.35 0.5 (1.5) (0.1) (1.7) (0.4) (1.8) 1.7 (7.2) (0.9) (0.1) 5.16 49.80 5.96 4.18 (7.2) 0.0 (1.3) (9.1) 9.6 5.3 (2.2) 5.05 49.80 5.91 4.11 9.7 (0.2) 0.0 6.5 (16.8) (7.3) (0.5) 5.08 49.60 5.94 4.14 0.00 (0.20) 0.11 (0.2) (5.5) (1.3) (1.8) 4.98 49.00 5.91 4.16 23.30 68.50 5.27 (1.8) (0.1) 0.2 4.1 (0.2) 0.5 (0.3) 2.2 (4.9) 1.6 (0.8) 10.50 31.75 6.09 (2.3) (0.8) (0.6) 4.6 1.2 (1.7) 1.6 10.58 31.65 6.15 (5.2) (1.5) (1.2) 0.8 (7.3) (3.4) (10.4) 10.56 32.15 6.26 0.25 (0.02) (0.05) 0.14 (5.2) (0.2) (1.0) 10.96 31.95 6.30 50.05 5.94 4.13 10.64 2.5 (2.9) (1.6) (1.0) (2.0) 1.6 (0.2) 6.0 5.7 (0.9) 44.80 13.42 18.82 9.76 0.2 (1.2) (0.6) 0.5 (0.5) (1.9) (3.4) 44.45 13.28 18.58 9.76 (3.1) (4.8) 0.3 (1.6) 3.7 19.6 (3.2) 44.45 13.48 18.64 9.75 (0.30) 0.02 (0.15) 0.3 5.7 7.9 (1.8) 43.75 13.52 18.88 9.69 31.45 6.11 44.65 (5.6) (0.3) (3.1) 0.9 (2.3) (0.1) 3.9 (0.5) 2.5 (1.7) (0.1) (1.2) 1.0 (0.2) 0.1 1.0 8.7 26.9 7.1 0.8 0.9 22.65 22.95 14.38 (3.5) 10.5 (1.6) 0.1 0.4 (0.0) (4.7) (12.7) 2.6 0.9 3.3 3.9 22.35 22.40 14.44 (2.4) (2.6) 1.0 (0.2) (0.4) (0.0) 5.0 (9.7) (23.7) (5.7) 2.1 (13.9) 22.50 22.40 14.40 0.04 0.62 0.18 0.10 5.2 2.4 (0.8) 22.25 22.40 14.20 13.46 19.44 9.94 22.75 3.5 (5.0) 2.1 (2.6) (0.0) (14.5) (7.3) 3.2 0.3 1.9 0.2 2.1 0.2 (2.9) 9.2 24.3 (4.0) 1.0 (0.7) 0.1 (0.1) (20.6) (1.9) (31.9) 4.05 11.16 11.02 8.39 2.73 2.40 49.75 37.20 43.85 3.97 10.98 10.92 8.32 2.70 2.40 49.30 36.85 43.05 3.94 10.92 11.04 8.40 2.73 2.40 49.85 37.35 43.50 (0.25) 0.14 (0.05) (4.1) (0.2) 0.3 (0.1) (0.0) (19.6) 6.9 (5.1) 4.07 11.24 11.06 8.40 2.69 2.40 49.65 37.70 43.30 22.70 14.52 3.89 10.94 11.00 8.49 2.71 2.40 49.85 37.25 43.25 0.02 (0.04) 0.09 (0.02) 0.00 0.00 (0.10) (0.25) 7-Apr 10-Apr (128.4) 19.2 CLOSING PRICE 7-Apr 10-Apr 11-Apr 12-Apr 13-Apr (A+B) DMF Chg IN OUT OUT IN IN IN OUT IN IN IN OUT OUT IN IN OUT OUT OUT IN IN IN OUT IN OUT OUT IN OUT IN IN OUT OUT OUT IN IN IN IN OUT IN IN IN OUT IN OUT IN IN OUT IN OUT Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. Page 6 of 7
55. LIST OF RECOMMENDED BUY STOCKS FROM JAN 2016 TO CURRENT Stock AIA GROUP AIA GROUP AIA GROUP AIA GROUP AIA GROUP BANK OF CHINA BANK OF CHINA BANK OF CHINA BELLE INT 'NAL CHINA LIFE CHINA LIFE CHINA PETROLEUM CHINA RESOURCES BEER CHINA RESOURCES BEER CHINA UNICOM CNOOC CNOOC COSCO FIH MOBILE GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT HSBC ICBC ICBC ICBC PETROCHINA PING AN PING AN POWER ASSETS SANDS CHINA LTD SANDS CHINA LTD SANDS CHINA LTD Total funds invested * Total unrealised profit Return REC BUY Date Price 24-Mar 17-Jan 2-Nov 14-Apr 3-Mar 6-Apr 6-Jan 11-Nov 20-Sep 13-Jan 6-Sep 1-Dec 20-Jan 9-Aug 29-Sep 10-Mar 23-Nov 7-Feb 20-Jan 15-Feb 17-Nov 18-Aug 19-Oct 8-Nov 25-Aug 20-May 25-Mar 14-Mar 14-Jul 28-Mar 22-Feb 11-Oct 19-Feb 14-Apr-17 Price 50.20 46.45 48.50 44.60 41.95 3.77 3.50 3.46 5.45 21.35 19.32 5.42 14.52 15.54 9.54 8.89 10.24 7.95 2.85 37.85 33.50 27.45 59.00 4.69 4.90 3.83 5.14 41.75 34.95 67.00 31.75 34.80 27.60 49.85 49.85 49.85 49.85 49.85 3.71 3.71 3.71 5.27 23.05 23.05 6.37 19.44 19.44 10.64 9.43 9.43 8.49 2.71 43.25 43.25 43.25 63.35 5.02 5.02 5.02 5.69 42.35 42.35 68.50 37.25 37.25 37.25 Change (+/-) (0.35) 3.40 1.35 5.25 7.90 (0.06) 0.21 0.25 (0.18) 1.70 3.73 0.95 4.92 3.90 1.10 0.54 (0.81) 0.54 (0.14) 5.40 9.75 15.80 4.35 0.33 0.12 1.19 0.55 0.60 7.40 1.50 5.50 2.45 9.65 777,710 98,790 12.70% pct ST (0.70) 53.17 7.32 53.17 2.78 53.17 11.77 53.17 18.83 53.17 (1.59) 3.91 6.00 3.91 7.23 3.91 (3.30) 5.47 7.96 25.36 19.31 25.36 17.53 7.19 33.88 20.89 25.10 20.89 11.53 11.85 6.07 10.09 (7.91) 10.09 6.79 8.88 (4.91) 2.87 14.27 46.30 29.10 46.30 57.56 46.30 7.37 70.28 7.04 5.27 2.45 5.27 31.07 5.27 10.70 6.10 1.44 46.70 21.17 46.70 2.24 70.70 17.32 38.39 7.04 38.39 34.96 38.39 Upside Targets MT LT 58.20 63.23 58.20 63.23 58.20 63.23 58.20 63.23 58.20 63.23 4.25 5.00 4.25 5.00 4.25 5.00 5.91 7.05 27.57 31.15 27.57 31.15 8.23 9.26 22.09 23.05 22.09 23.05 12.82 14.04 10.96 12.04 10.96 12.04 9.42 9.97 3.23 3.51 54.80 63.30 54.80 63.30 54.80 63.30 78.25 86.12 5.64 6.09 5.64 6.09 5.64 6.09 6.78 7.60 50.52 55.25 50.52 55.25 73.26 77.41 42.56 49.30 42.56 49.30 42.56 49.30 ST 6.66 6.66 6.66 6.66 6.66 5.39 5.39 5.39 3.80 10.02 10.02 12.87 7.46 7.46 11.37 7.00 7.00 4.59 5.90 7.05 7.05 7.05 10.94 4.98 4.98 4.98 7.21 10.27 10.27 3.21 3.06 3.06 3.06 % Upside MT 16.75 16.75 16.75 16.75 16.75 14.56 14.56 14.56 12.14 19.61 19.61 29.20 13.63 13.63 20.49 16.22 16.22 10.95 19.19 26.71 26.71 26.71 23.52 12.35 12.35 12.35 19.16 19.29 19.29 6.95 14.26 14.26 14.26 LT 26.84 26.84 26.84 26.84 26.84 34.77 34.77 34.77 33.78 35.14 35.14 45.37 18.57 18.57 31.95 27.68 27.68 17.43 29.52 46.36 46.36 46.36 35.94 21.31 21.31 21.31 33.57 30.46 30.46 13.01 32.35 32.35 32.35 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from JANUARY 2016 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 7 of 7
56. TA Securities T e c h n i c a l V i e w Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Technical Stock Picks Singapore THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my KEPPEL CORP LTD Upper Middle Lower BOLLINGER BANDS SGD SGD SGD DMI Recent Signal Signal Change 7.00 6.87 6.74 BUY SGD6.91 SIMPLE MOVING AVERAGES SGD 6.90 SGD 6.87 SGD 6.76 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day JARDINE STRATEGIC HLGS LTD ZZZXX Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS SGD SGD SGD DMI 43.50 41.34 39.18 BUY www.taonline.com.my SGD41.50 SIMPLE MOVING AVERAGES SGD 41.77 SGD 40.76 SGD 39.77 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 1 of 7
57. JARDINE CYCLE & CARRIAGE LTD BOLLINGER BANDS SGD SGD SGD DMI Upper Middle Lower Recent Signal Signal Change 46.39 45.05 43.70 BUY SGD45.62 SIMPLE MOVING AVERAGES SGD 45.35 SGD 44.74 SGD 43.70 DAILY MACD Recent Signal BUY Signal Change 10-day 30-day 50-day SEMBCORP INDUSTRIES LTD Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS SGD SGD SGD DMI 3.23 3.16 3.09 SELL SELL SGD3.14 SIMPLE MOVING AVERAGES SGD 3.16 SGD 3.18 SGD 3.18 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 2 of 7
58. SEMBCORP MARINE LTD Upper Middle 1 .9Lower BOLLINGER BANDS SGD SGD SGD DMI Recent Signal Signal Change 1.91 1.87 1.83 BUY SGD1.85 SIMPLE MOVING AVERAGES SGD 1.87 SGD 1.89 SGD 1.78 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day COMFORTDELGRO CORP LTD Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS SGD SGD SGD DMI SGD2.62 2.68 2.58 2.47 10-day 30-day 50-day BUY Recent Signal Signal Change Page 3 of 7 SIMPLE MOVING AVERAGES SGD 2.62 SGD 2.55 SGD 2.51 DAILY MACD BUY
59. WEEKLY FOREIGN STOCK WATCH UPDATE The table below consists of the revamped 30 SGX FTSE Straits Times Index component stocks , sorted by market capitalization in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section. The technical BUY/SELL signals on the last four columns are auto generated; the first two being existing or recent signals while the last two represent a signal change from BUY to SELL or the reverse, otherwise no change is indicated by a dash. Stock names and technical statistics in bold highlight stocks that have changes in BUY/SELL signals on the DMI and MACD on the given date. Stock Name FSSTI SINGTEL DBS OCBC UOB JARDINE M. WILMAR HK LAND CAPLAND GENSP KEPPEL SGX SIA FNN NOBLE CITY DEV JARDINE S. SG PRESS JARDINE C&C GOLDEN AGRI SG TECH OLAM INT CAP TRUST SEMBCORP SEMCORP M. CMFT DELGRO STARHUB SIA ENG IFOOD AGRI YZJ Close Bollinger Bands RSI Change High Low 13-Apr Lower Mid Upper 14d 3,169.24 (16.77) 3,176.63 3,160.28 3,124.91 3,165.34 3,205.76 54.27 3.77 19.09 9.68 21.89 65.47 3.51 7.85 3.68 1.10 6.91 7.53 10.17 2.35 0.18 10.42 41.50 3.46 45.62 0.37 3.75 1.91 2.01 3.14 1.85 2.62 2.89 3.67 0.49 1.16 (0.05) (0.16) (0.02) (0.15) (0.43) (0.01) 0.05 0.00 (0.01) (0.02) (0.05) (0.09) 0.04 (0.01) (0.06) (0.50) (0.06) (0.41) 0.00 0.02 (0.02) 0.00 (0.01) (0.02) 0.00 (0.02) (0.01) (0.01) 0.00 3.80 19.23 9.69 21.94 65.70 3.54 7.88 3.70 1.10 6.95 7.60 10.22 2.35 0.19 10.50 41.94 3.52 46.29 0.37 3.76 1.93 2.01 3.16 1.88 2.63 2.91 3.68 0.50 1.17 3.76 18.98 9.63 21.78 65.38 3.49 7.71 3.66 1.09 6.89 7.52 10.14 2.31 0.18 10.36 41.31 3.45 45.50 0.36 3.70 1.91 2.00 3.13 1.85 2.58 2.88 3.66 0.49 1.14 3.81 18.64 9.49 21.61 64.22 3.48 7.04 3.62 0.96 6.74 7.46 9.93 2.12 0.18 10.11 39.18 3.48 43.70 0.36 3.60 1.85 1.92 3.09 1.83 2.47 2.83 3.65 0.49 1.10 3.91 19.08 9.65 21.91 65.77 3.54 7.52 3.68 1.03 6.87 7.63 10.13 2.28 0.19 10.35 41.34 3.55 45.05 0.38 3.69 1.91 1.97 3.16 1.87 2.58 2.88 3.68 0.52 1.14 4.01 19.52 9.81 22.21 67.32 3.60 7.99 3.75 1.09 7.00 7.80 10.32 2.44 0.20 10.58 43.50 3.62 46.39 0.40 3.77 1.98 2.01 3.23 1.91 2.68 2.92 3.71 0.54 1.17 27.96 50.98 54.11 53.60 50.61 41.98 73.74 53.46 75.08 54.33 43.07 54.13 68.37 38.32 59.11 54.21 39.91 57.08 36.54 61.05 42.13 70.93 44.94 49.92 61.50 53.45 47.87 31.96 61.03 Moving Averages 10d 30d 50d DI + 3,178.25 3,155.67 3,131.93 20.82 DI 22.12 ADX 15.04 MACD DMI MACD DMI MACD Diff Line Signal Diff Recent Signal Signal Change (1.30) 14.88 16.91 (2.034) SELL SELL SELL - 3.88 19.20 9.69 22.01 65.58 3.53 7.72 3.69 1.05 6.90 7.65 10.20 2.32 0.19 10.33 41.77 3.54 45.35 0.37 3.68 1.94 1.98 3.16 1.87 2.62 2.87 3.69 0.51 1.15 30.19 26.55 21.81 20.26 17.72 19.91 8.41 13.12 8.09 19.65 18.38 15.93 13.21 25.57 16.24 14.18 28.37 12.76 22.79 19.08 20.30 6.84 21.14 22.42 16.67 18.45 11.76 32.28 8.89 14.31 10.76 11.45 19.10 14.82 23.04 46.62 21.21 31.06 18.37 15.65 11.95 40.47 24.67 33.11 35.77 22.77 17.22 21.47 17.30 20.91 24.59 11.11 27.44 19.45 11.29 19.24 15.73 44.88 (16.79) (2.66) (2.17) (1.26) (0.50) (8.25) 23.83 4.62 24.64 6.33 1.79 2.31 24.27 (13.18) 12.66 12.84 (10.49) 10.69 (10.62) 10.52 (5.69) 16.52 (2.27) 6.35 4.33 2.34 0.56 (19.72) 15.14 3.92 19.08 9.62 21.79 65.71 3.56 7.34 3.67 1.01 6.87 7.59 10.07 2.22 0.20 10.23 40.76 3.53 44.74 0.38 3.68 1.93 1.95 3.18 1.89 2.55 2.87 3.69 0.52 1.13 3.92 18.94 9.60 21.52 64.80 3.67 7.14 3.61 1.00 6.76 7.58 9.99 2.17 0.20 9.91 39.77 3.51 43.70 0.39 3.62 1.98 1.96 3.18 1.78 2.51 2.85 3.67 0.53 1.04 13.40 23.89 19.64 19.00 17.21 11.67 32.24 17.74 32.73 25.98 20.16 18.24 37.48 12.39 28.91 27.02 17.89 23.45 12.18 29.60 14.61 23.36 18.87 28.77 20.99 20.79 12.32 12.57 24.03 DMI -0.02 0.07 0.03 0.13 0.32 -0.04 0.20 0.02 0.02 0.04 0.01 0.06 0.05 -0.01 0.14 0.63 0.00 0.59 -0.01 0.02 -0.01 0.01 -0.01 0.02 0.04 0.00 0.00 -0.01 0.03 -0.01 0.09 0.04 0.15 0.39 -0.04 0.19 0.03 0.02 0.05 0.03 0.07 0.05 -0.01 0.15 0.75 0.01 0.56 -0.01 0.02 -0.01 0.01 -0.01 0.03 0.03 0.00 0.01 -0.01 0.03 (0.015) (0.014) (0.006) (0.027) (0.073) 0.004 0.013 (0.007) 0.008 (0.004) (0.020) (0.001) (0.003) (0.000) (0.018) (0.120) (0.011) 0.033 (0.001) (0.000) 0.006 0.006 (0.002) (0.011) 0.002 0.001 (0.004) (0.003) (0.006) SELL SELL SELL SELL SELL SELL BUY BUY BUY BUY BUY BUY BUY SELL BUY BUY SELL BUY SELL BUY SELL BUY SELL BUY BUY BUY BUY SELL BUY SELL SELL SELL SELL SELL SELL BUY BUY SELL BUY SELL SELL SELL - SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL BUY BUY SELL SELL SELL BUY BUY SELL SELL SELL - INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 4 of 7
60. Fundamentals of Foreign Technical Picks Bloomberg Ticker ST DBS OCBC UOB JM WIL HKL CAPL GENS KEP SGX SIA FNN NOBL CIT JS SPH JCNC GGR STE OLAM CT SCI SMM CD STH SIE IFAR SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP Stock Name Close Target Price % upside SINGTEL DBS OCBC UOB JARDINE M. WILMAR HK LAND CAPLAND GENSP KEPPEL SGX SIA FNN NOBLE CITY DEV JARDINE S. SG PRESS JARDINE C&C GOLDEN AGRI SG TECH OLAM INT CAP TRUST SEMBCORP SEMCORP M. CMFT DELGRO STARHUB SIA ENG IFOOD AGRI 3.77 4.21 19.09 YZJSGD SP YZJ EPS ($) PER(x) Div Yield(%) 52week Price % Chg 2017 2018 2017 2018 2017 2018 High Low YTD 10% 0.2 0.3 15.6 14.7 4.7 4.9 4.36 3.59 3.29 19.44 2% 1.789 1.963 10.7 9.7 3.2 3.3 19.42 14.63 10.09 9.68 9.57 -1% 0.9 0.9 11.3 10.3 3.8 4.0 9.78 8.21 8.52 21.89 21.18 -3% 1.9 2.1 11.3 10.6 3.3 3.4 22.15 17.41 7.30 65.47 63.99 -0.02 4.1 4.4 16.0 14.9 2.4 2.5 67.27 52.42 18.50 3.51 3.86 9% 0.2 0.2 12.8 12.0 2.0 2.2 4.00 2.96 -2.23 7.85 7.43 -6% 0.4 0.4 20.0 19.3 2.5 2.5 7.88 5.79 24.01 3.68 4.08 10% 0.2 0.2 17.4 18.0 2.7 2.8 3.79 2.85 21.85 1.10 1.06 -3% 0.0 0.0 31.3 28.8 2.6 2.7 1.10 0.69 20.99 6.91 7.03 2% 0.5 0.6 13.6 12.5 3.2 3.5 7.23 5.10 19.34 7.53 7.94 5% 0.3 0.4 22.5 20.8 3.9 4.2 8.05 6.96 5.17 10.17 9.76 -4% 0.4 0.4 23.0 23.5 3.5 2.7 11.67 9.60 5.17 2.35 2.19 -7% 0.1 0.1 30.5 30.9 1.8 1.9 2.41 1.92 12.44 0.18 0.22 0.17 0.0 0.0 8.7 6.0 0.0 0.0 0.36 0.11 7.65 10.42 10.88 4% 0.6 0.7 16.4 15.2 1.4 1.4 10.65 7.86 25.85 41.50 41.25 -1% 2.8 3.0 15.0 14.0 0.8 0.8 43.78 27.35 25.00 3.46 3.18 -9% 0.2 0.2 22.9 22.9 4.9 4.7 4.13 3.45 -1.98 45.62 50.63 10% 2.2 2.5 14.7 13.3 1.9 2.1 46.38 31.60 10.65 0.37 0.38 5% 0.0 0.0 16.3 14.5 1.9 2.2 0.45 0.33 -15.12 3.75 3.68 -2% 0.2 0.2 21.7 20.6 4.1 4.2 3.78 3.01 16.10 1.91 1.99 4% 0.1 0.1 14.1 13.6 2.5 2.6 2.17 1.58 -3.05 2.01 2.13 6% 0.1 0.1 17.6 17.2 5.5 5.5 2.25 1.87 6.63 3.14 3.56 12% 0.2 0.3 13.2 10.9 2.9 3.3 3.38 2.44 10.18 1.85 1.66 -11% 0.1 0.1 34.9 26.8 1.5 1.7 2.09 1.22 34.06 2.62 2.94 11% 0.2 0.2 16.7 16.1 4.2 4.6 3.02 2.37 6.07 2.89 2.61 -11% 0.2 0.2 17.8 18.8 5.5 5.5 3.97 2.73 2.85 3.67 3.55 -3% 0.2 0.2 23.8 23.7 4.2 4.0 3.91 3.35 8.90 0.49 0.59 17% 427 500 10.9 9.3 15111 16908 0.60 0.44 -6.67 1.16 1.07 -8% 0.5 0.5 11.7 12.3 16.9 16.9 1.19 0.71 41.72 Note : The above data based on Bloomberg consensus. Page 5 of 7
61. Daily Money Flow of Technical Stock Picks Singapore THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY * Chartist: Stephen Soo Tel: +603-2167 9607 7-Apr 10-Apr 11-Apr 12-Apr 13-Apr Total 5D MF (A) Prv. Chg (B) Cur. Chg FSSTI (7.7) (1.3) 0.3 5.0 (4.0) (7.7) 4.6 (8.9) 3,177.3 3,181.5 1 SINGTEL (3.9) 0.8 (1.5) (0.6) 0.7 (1.0) (2.5) 1.3 1.7 7.7 (0.1) (0.4) 2.6 3.3 10.2 (5.2) 0.4 (0.2) (0.2) (0.1) 0.4 (0.1) (0.4) (0.3) (1.4) (2.1) (0.0) 0.4 (0.1) (0.5) 3.89 19.13 9.65 0.3 0.0 (0.6) (0.1) 3.0 (1.8) 1.1 3.88 19.01 9.67 0.3 0.1 (0.1) (0.1) 0.3 (0.5) (0.1) 0.4 0.5 0.3 (0.5) (1.2) (1.8) 0.2 (1.2) 0.0 (0.1) (0.3) (1.5) (0.5) 0.2 0.8 0.4 21.97 66.78 3.52 7.77 (0.0) 2.3 (0.4) (0.7) (0.7) (1.5) (0.1) (2.1) 21.98 66.70 3.54 7.70 (0.4) (0.5) (0.2) 0.2 (0.6) (0.2) 0.4 (0.8) (0.1) (0.0) (0.3) 0.0 0.3 0.0 0.1 0.2 (2.3) (0.1) (0.6) 0.4 1.1 (0.4) 0.6 (0.6) 3.69 1.07 6.96 7.63 0.0 0.0 (0.2) (0.2) (0.3) (0.3) (2.7) (0.1) 3.75 1.04 6.88 7.66 (0.1) (0.0) (0.1) (0.1) (0.7) (0.2) (0.5) (0.2) 0.3 (0.7) (0.2) 0.0 (1.2) (0.0) 0.0 0.4 0.2 (0.3) (0.0) 0.0 (0.8) (0.4) 10.21 2.30 0.19 10.27 0.1 (0.4) (0.0) 0.0 (0.3) (0.6) (0.2) 10.14 2.30 0.19 10.34 (0.3) (1.5) 0.8 (0.0) 0.1 (0.5) (0.3) (0.3) 0.3 0.0 (0.9) (0.0) 0.5 0.2 1.6 (0.6) 0.2 0.3 0.5 (0.2) (0.1) 41.50 3.50 45.40 (0.5) (0.5) 0.0 0.3 (4.6) 0.4 (1.3) 41.19 3.52 46.11 (0.4) (1.1) (0.1) (0.1) (0.8) (0.2) (0.2) (0.9) (0.5) 0.6 0.6 (0.1) 0.2 (0.1) (0.2) 0.2 0.2 2.5 0.8 (0.8) (0.3) (1.8) (0.6) 0.37 3.67 1.96 1.98 (0.7) 0.1 0.5 0.1 (1.0) 0.2 0.8 (2.4) 0.37 3.65 1.96 1.98 (0.0) (0.1) 1.1 0.1 (0.3) (0.0) (0.1) (0.7) 0.0 (0.0) 1.3 0.0 (0.0) 0.4 0.8 (0.7) (0.8) 0.0 (0.2) 0.1 (0.2) (0.1) 3.14 1.87 2.63 2.84 (0.0) 0.0 0.1 (0.3) 2.2 0.3 (0.0) 3.15 1.88 2.65 2.84 (0.0) 0.0 (0.6) 0.0 0.1 (0.3) (0.1) 0.0 (0.1) 0.0 1.1 0.0 (0.8) 0.0 (0.5) 3.68 0.51 1.16 3.67 0.51 1.15 No Name 2 DBS 3 OCBC 4 UOB 5 6 7 8 JARDINE M. WILMAR HK LAND CAPLAND 9 10 11 12 GENSP KEPPEL SGX SIA 13 14 15 16 FNN NOBLE CITY DEV JARDINE S. 17 SG PRESS 18 JARDINE C&C 19 GOLDEN AGRI 20 21 22 23 SG TECH OLAM INT CAP TRUST SEMBCORP 24 25 26 27 SEMCORP M. CMFT DELGRO STARHUB SIA ENG 28 IFOOD AGRI 29 YZJ Total Money Flow (SGD' mn) stsoo@ta.com.my www.taonline.com.my CLOSING PRICE 7-Apr 10-Apr 11-Apr 3,174.8 12-Apr 13-Apr 3,186.0 (A+B) DMF Chg 3,169.2 (16.77) OUT 3.88 3.82 3.77 19.16 9.59 21.97 19.25 9.70 22.04 19.09 9.68 21.89 (0.05) 65.70 3.49 7.73 3.67 65.90 3.52 7.80 3.68 65.47 3.51 7.85 3.68 IN (0.16) OUT (0.02) OUT (0.15) OUT (0.43) OUT (0.01) IN 0.05 IN 0.00 OUT 1.07 6.91 7.58 10.19 1.10 6.93 7.58 10.26 1.10 6.91 7.53 10.17 (0.01) (0.02) (0.05) (0.09) 2.30 0.18 10.47 41.91 2.31 0.19 10.48 42.00 2.35 0.18 10.42 41.50 3.56 45.98 0.37 3.52 46.03 0.37 3.46 45.62 0.37 3.70 1.95 2.00 3.15 3.73 1.93 2.01 3.15 3.75 1.91 2.01 3.14 1.87 2.63 2.87 3.69 1.87 2.62 2.91 3.68 1.85 2.62 2.89 3.67 0.02 OUT (0.01) OUT 0.00 IN (0.01) IN (0.02) IN 0.00 OUT (0.02) OUT (0.01) OUT 0.50 1.16 0.50 1.16 0.49 1.16 (0.01) IN 0.00 OUT OUT OUT OUT OUT 0.04 OUT (0.01) IN (0.06) OUT (0.50) OUT (0.06) OUT (0.41) IN 0.00 IN Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. Page 6 of 7
62. LIST OF RECOMMENDED BUY STOCKS FROM JAN 2016 TO CURRENT Stock CAPITALAND CAPITALAND CAPITAMALL TRUST CITY DEVELOPMENTS CITY DEVELOPMENTS COMFORTDELGRO COMFORTDELGRO DBS DBS GENTING S 'PORE GOLDEN AGRI-RESOURCES HONGKONG LAND HONGKONG LAND JARDINE STRATEGIC NOBLE GROUP OCBC OCBC SEMBCORP INDUSTRIES SIA ENGINEERING SINGTEL SINGTEL S'PORE AIRLINES S'PORE AIRLINES S'PORE EXCHANGE S'PORE EXCHANGE UOB WILMAR INT'L Total funds invested * Total unrealised profit Return REC BUY 14-Apr-17 Date Price Price 3.68 19-Jan 3.12 3.68 21-Apr 3.17 2.01 5-Jan 1.93 10.42 7-Mar 9.63 10.42 30-Aug 8.62 2.62 5-Apr 2.62 2.62 14-Jun 2.65 19.09 20-Oct 15.08 19.09 21-Jul 16.23 1.10 25-Feb 0.74 0.37 1-Mar 0.38 7.85 8-Dec 6.47 7.85 17-Mar 6.10 41.50 27-Oct 34.55 0.18 14-Feb 0.20 9.68 15-Nov 8.72 9.68 12-Oct 8.66 3.14 24-Feb 3.36 3.67 28-Jun 3.66 3.77 12-Jan 3.79 3.77 9-Sep 4.06 10.17 10-Nov 9.82 10.17 4-Feb 10.92 7.53 29-Mar 7.71 7.53 4-Nov 7.04 21.89 13-May 17.64 3.51 28-Jul 3.08 Change (+/-) 0.56 0.51 0.08 0.79 1.80 0.00 (0.03) 4.01 2.86 0.36 (0.02) 1.38 1.75 6.95 (0.01) 0.96 1.02 (0.22) 0.01 (0.02) (0.29) 0.35 (0.75) (0.18) 0.49 4.25 0.43 199,942 27,041 13.52% Upside Targets pct ST MT LT 17.95 3.80 4.05 4.21 16.09 3.80 4.05 4.21 4.15 2.10 2.17 2.28 8.20 10.75 11.75 12.36 20.88 10.75 11.75 12.36 0.00 2.82 3.05 3.27 (1.13) 2.82 3.05 3.27 26.59 20.37 22.09 23.16 17.62 20.37 22.09 23.16 48.98 1.12 1.18 1.23 (3.95) 0.40 0.47 0.53 21.33 8.03 8.80 9.56 28.69 8.03 8.80 9.56 20.12 44.06 45.67 47.27 (7.11) 0.20 0.24 0.27 11.01 10.09 10.92 11.74 11.78 10.09 10.92 11.74 (6.55) 3.32 3.52 3.84 0.27 3.81 4.00 4.18 (0.53) 4.11 4.28 4.57 (7.14) 4.11 4.28 4.57 3.56 10.35 10.84 11.23 (6.87) 10.35 10.84 11.23 (2.33) 7.94 8.23 8.80 6.96 7.94 8.23 8.80 24.09 22.87 24.75 26.62 13.96 3.70 4.00 4.36 ST 3.26 3.26 4.48 3.17 3.17 7.63 7.63 6.71 6.71 2.28 9.59 2.29 2.29 6.17 9.29 4.24 4.24 5.73 3.81 9.02 9.02 1.77 1.77 5.44 5.44 4.48 5.41 % Upside MT 10.05 10.05 7.96 12.76 12.76 16.41 16.41 15.72 15.72 7.76 28.77 12.10 12.10 10.05 31.15 12.81 12.81 12.10 8.99 13.53 13.53 6.59 6.59 9.30 9.30 13.07 13.96 LT 14.40 14.40 13.43 18.62 18.62 24.81 24.81 21.32 21.32 12.33 45.21 21.78 21.78 13.90 47.54 21.28 21.28 22.29 13.90 21.22 21.22 10.42 10.42 16.87 16.87 21.61 24.22 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from JANUARY 2016 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 7 of 7
63. TA Securities T e c h n i c a l V i e w Monday , April 17, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Weekly Technical Stock Picks United States THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my MCDONALD’S CORP Upper Middle Lower BOLLINGER BANDS USD USD USD DMI Recent Signal Signal Change 131.19 129.64 128.08 BUY USD130.76 SIMPLE MOVING AVERAGES USD 130.22 USD 129.07 USD 128.01 DAILY MACD Recent Signal BUY Signal Change 10-day 30-day 50-day JOHNSON & JOHNSON ZZXX Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS USD USD USD DMI 127.68 125.48 123.28 BUY www.taonline.com.my USD124.99 SIMPLE MOVING AVERAGES USD 124.76 USD 125.61 USD 122.55 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 1 of 7
64. PROCTER & GAMBLE CO Upper Middle Lower BOLLINGER BANDS USD USD USD DMI Recent Signal Signal Change 91.46 90.27 89.09 BUY USD90.03 SIMPLE MOVING AVERAGES USD 89.77 USD 90.44 USD 90.16 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day NIKE INC Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS USD USD USD DMI USD55.34 58.19 55.88 53.58 BUY SIMPLE MOVING AVERAGES USD 55.23 USD 56.21 USD 56.12 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 2 of 7
65. FACEBOOK INC Upper Middle Lower BOLLINGER BANDS USD USD USD DMI Recent Signal Signal Change USD139 .39 143.08 140.73 138.39 BUY SIMPLE MOVING AVERAGES USD 140.98 USD 140.00 USD 137.67 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day APPLE INC Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS USD USD USD DMI USD141.05 145.44 142.39 139.34 SELL 10-day 30-day 50-day Recent Signal Signal Change Page 3 of 7 SIMPLE MOVING AVERAGES USD 143.08 USD 141.42 USD 138.66 DAILY MACD SELL
66. WEEKLY FOREIGN STOCK WATCH UPDATE The table below consists of the 30 NYSE Dow Jones Industrial Average component stocks , sorted by market capitalization in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section. The technical BUY/SELL signals on the last four columns are auto generated; the first two being existing or recent signals while the last two represent a signal change from BUY to SELL or the reverse, otherwise no change is indicated by a dash. Stock names and technical statistics in bold highlight stocks that have changes in BUY/SELL signals on the DMI and MACD on the given date. Stock Name DOW JONES Close Change 13-Apr 20,453.25 -138.61 IBM 3M CHEVRON CATERPILLAR MCDONALDS UNITECH BOEING EXXON MOBIL J&J P&G COCA-COLA WAL-MART TRAVELERS DUPONT GOLDMAN JPMORGAN AMEX MERCK WALT DISNEY VERIZON HOME DEPOT UTD HEALTH AT&T MICROSOFT CISCO INTEL PFIZER GE NIKE VISA AIG BANK OF AMERICA BP CITIGROUP LV SANDS MS WELLS FARGO FACEBOOK INC-A APPLE INC ALIBABA GRP-ADR 169.53 188.65 106.10 93.10 130.76 112.09 175.62 81.69 124.99 90.03 42.79 73.15 120.53 77.44 223.32 84.40 75.80 62.61 113.20 48.62 145.91 164.96 40.28 64.95 32.42 35.25 33.88 29.56 55.34 88.87 59.55 22.34 34.99 58.04 55.90 40.69 51.35 139.39 141.05 110.21 -1.13 -1.05 -2.87 -1.76 -0.50 -0.15 -0.43 -1.28 -0.41 -0.28 -0.15 -0.29 -0.93 -0.99 -2.43 -1.00 -0.88 -0.44 0.16 -0.30 -0.63 -0.60 -0.28 -0.28 -0.20 -0.38 -0.04 -0.21 -0.23 0.19 -0.62 -0.31 -0.46 -0.47 -0.61 -0.38 -1.77 -0.19 -0.75 -0.42 High Low 20,612.27 Bollinger Bands Lower 20,453.25 20,470.98 Mid 20,668.38 RSI Moving Averages Upper 14d 10d 20,865.79 34.78 20632.43 30d 20,749.10 DMI MACD 50d DI + DI - ADX Diff Line Signal 20,655.19 20.65 27.40 15.94 (6.75) -29.21 -2.47 171.35 189.86 108.64 94.86 131.11 112.69 176.87 82.71 125.64 90.53 43.07 73.65 121.15 78.17 228.17 86.99 76.80 63.00 114.25 48.92 147.00 165.65 40.76 65.86 32.85 35.75 34.01 29.80 55.60 89.78 60.30 22.96 35.44 59.73 56.94 41.68 52.75 140.58 142.38 111.45 169.53 188.62 105.93 93.09 130.57 111.86 175.62 81.58 124.96 89.80 42.78 73.15 120.48 77.34 223.08 84.40 75.73 62.56 113.03 48.57 145.87 164.67 40.25 64.95 32.42 35.25 33.82 29.55 55.26 88.43 59.50 22.34 34.93 57.68 55.72 40.50 51.35 139.33 141.05 109.82 173.37 190.86 108.05 93.75 129.64 112.46 177.39 82.24 125.48 90.27 42.48 71.34 121.15 80.19 230.14 87.32 77.98 63.35 112.69 49.23 147.24 165.71 41.37 65.29 33.54 35.65 34.18 29.77 55.88 88.97 61.52 23.32 34.50 59.12 56.47 42.45 55.33 140.73 142.39 108.27 176.76 193.04 109.80 97.03 131.19 113.52 179.81 83.51 127.68 91.46 42.94 74.00 122.61 82.42 239.78 90.31 79.65 64.18 113.67 50.36 148.86 168.51 42.71 66.10 34.65 36.39 34.51 30.16 58.19 89.77 63.03 24.43 35.46 60.76 57.65 44.46 58.21 143.08 145.44 111.53 174.93 190.62 108.78 93.65 129.07 112.36 178.29 82.12 125.61 90.44 42.37 70.93 121.60 80.25 236.61 88.76 78.48 64.01 112.23 49.36 147.25 166.92 41.63 65.06 33.75 35.61 34.20 29.80 56.21 89.12 62.12 23.97 34.28 59.78 55.91 43.76 56.45 140.00 141.42 106.74 176.68 187.21 110.10 94.66 128.01 112.07 175.59 82.21 122.55 90.16 42.00 70.27 121.24 79.29 240.41 88.95 78.76 64.48 111.34 49.24 145.11 165.13 41.56 64.71 33.41 35.84 33.80 29.88 56.12 88.23 62.97 23.99 34.29 59.53 54.57 44.44 56.92 137.67 138.66 104.95 169.97 188.68 106.30 90.47 128.08 111.40 174.98 80.98 123.28 89.09 42.03 68.68 119.69 77.96 220.50 84.33 76.32 62.51 111.71 48.10 145.61 162.92 40.03 64.48 32.43 34.91 33.86 29.39 53.58 88.17 60.00 22.20 33.54 57.49 55.29 40.43 52.44 138.39 139.34 105.02 26.06 43.77 36.28 45.63 65.05 47.85 45.54 44.49 53.83 49.23 60.24 67.30 45.51 36.52 29.33 27.95 31.01 36.74 60.85 41.66 45.93 46.66 32.02 46.92 26.90 39.01 44.12 41.84 46.15 52.26 30.05 29.52 56.82 37.90 50.04 30.23 21.94 47.91 49.82 62.38 172.26 190.05 108.41 94.69 130.22 112.54 177.33 82.54 124.76 89.77 42.65 72.50 120.74 79.60 227.78 86.29 77.66 63.14 113.00 48.81 146.97 165.31 40.90 65.53 33.08 35.92 34.10 29.90 55.23 88.91 61.32 23.11 34.88 59.29 56.41 41.91 54.47 140.98 143.08 109.09 13.71 20.80 19.58 23.18 27.32 23.21 22.19 23.76 24.66 21.54 25.28 30.02 16.51 20.53 14.09 19.00 11.82 17.27 28.87 15.69 20.76 21.26 14.07 20.43 10.88 23.33 13.21 19.05 23.11 24.73 15.42 16.06 34.44 20.32 23.13 11.28 13.66 22.35 21.15 28.29 28.76 20.13 31.18 25.85 10.57 18.01 20.93 22.83 16.34 19.41 11.30 9.93 15.42 32.43 29.94 24.25 30.58 23.25 12.77 25.36 14.02 16.23 29.29 14.00 25.38 26.13 18.94 19.60 22.10 14.51 31.88 30.55 22.58 24.54 21.04 32.32 39.38 19.40 21.97 11.43 21.78 21.41 16.02 14.64 42.56 13.19 16.03 18.08 27.57 15.99 24.94 30.48 9.43 19.65 29.48 23.07 22.53 17.19 28.86 22.80 38.25 13.00 28.21 22.65 28.61 15.53 13.06 14.13 11.75 28.38 20.63 25.18 16.34 15.49 19.98 32.29 24.71 40.21 39.74 38.16 (15.06) 0.67 (11.60) (2.67) 16.75 5.20 1.26 0.93 8.32 2.13 13.98 20.08 1.09 (11.90) (15.85) (5.25) (18.76) (5.98) 16.10 (9.67) 6.74 5.03 (15.21) 6.43 (14.50) (2.81) (5.73) (0.55) 1.01 10.22 (16.46) (14.49) 11.86 (4.22) 2.09 (21.04) (25.72) 2.94 (0.82) 16.86 -1.64 0.38 -0.52 0.28 0.85 0.13 0.24 0.08 0.37 -0.12 0.21 0.87 -0.19 -0.20 -4.37 -1.14 -0.54 -0.43 0.52 -0.27 0.40 -0.17 -0.38 0.21 -0.24 -0.02 0.02 -0.02 -0.33 0.18 -0.71 -0.40 0.25 -0.25 0.34 -0.95 -1.12 0.76 1.21 1.65 -1.28 0.91 -0.64 0.05 0.81 0.17 0.62 0.03 0.67 -0.05 0.20 0.67 -0.16 0.22 -4.24 -0.84 -0.30 -0.37 0.60 -0.23 0.67 -0.06 -0.24 0.29 -0.07 0.00 0.10 -0.03 -0.25 0.32 -0.58 -0.30 0.13 -0.12 0.52 -0.82 -0.76 1.28 1.82 1.58 DMI Diff Recent Signal (26.735) SELL MACD (0.364) (0.527) 0.115 0.229 0.049 (0.039) (0.384) 0.051 (0.303) (0.070) 0.012 0.200 (0.028) (0.419) (0.135) (0.309) (0.242) (0.062) (0.080) (0.042) (0.271) (0.106) (0.146) (0.084) (0.176) (0.020) (0.082) 0.006 (0.081) (0.139) (0.134) (0.097) 0.118 (0.136) (0.183) (0.123) (0.352) (0.522) (0.604) 0.070 SELL SELL BUY BUY BUY SELL SELL BUY SELL SELL BUY BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL BUY SELL BUY SELL SELL BUY BUY BUY BUY BUY BUY BUY BUY BUY SELL SELL SELL SELL SELL BUY SELL BUY BUY SELL BUY SELL SELL SELL SELL BUY BUY SELL SELL BUY SELL BUY SELL SELL BUY SELL BUY DMI MACD Signal Change SELL SELL SELL SELL SELL - SELL SELL - INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 4 of 7
67. Fundamentals of Foreign Technical Picks Bloomberg Ticker Stock Name IBM UN MMM UN CVX UN CAT UN MCD UN UTX UN BA UN XOM UN JNJ UN PG UN KO UN WMT UN TRV UN DD UN GS US JPM UN AXP UN MRK UN DIS UN VZ UN HD UN UNH US T UN MSFT UW CSCO UW INTC UW PFE UN GE UN NKE US V US AIG US BAC US BP US C US LVS US MS US WFC US FB US AAPL US IBM 3M CHEVRON CATERPILLAR MCDONALDS UNITECH BOEING EXXON MOBIL J &J P&G COCA-COLA WAL-MART TRAVELERS DUPONT GOLDMAN SACHS JPMORGAN AMEX MERCK WALT DISNEY VERIZON HOME DEPOT UTD HEALTH AT&T MICROSOFT CISCO INTEL PFIZER GE NIKE INC VISA INC AIG BANK OF AMERICA BP CITIGROUP LV SANDS MS WELLS FARGO FACEBOOK INC APPLE INC BABA US ALIBABA GRP Close Target Price % upside EPS ($) PER(x) Div Yield(%) 2017 2018 52week Price High Low % Chg YTD 2017 2018 2017 2018 1% 13.77 14.11 12.3 12.0 3.4 3.6 182.78 142.50 191.00 1% 8.62 9.39 21.9 20.1 2.5 2.7 193.49 163.17 5.64 127.00 16% 4.55 5.95 23.3 17.8 4.1 4.2 119.00 95.52 -9.86 169.53 171.25 188.65 106.10 2.13 93.10 98.94 6% 3.21 4.44 29.0 21.0 3.3 3.4 99.45 69.04 0.39 130.76 133.81 2% 6.16 6.63 21.2 19.7 2.9 3.1 131.96 110.33 7.43 112.09 118.85 6% 6.55 7.01 17.1 16.0 2.5 2.6 114.41 96.90 2.25 175.62 180.05 2% 9.35 10.19 18.8 17.2 3.2 3.5 185.67 122.35 12.81 81.69 88.19 7% 3.99 4.66 20.5 17.5 3.8 3.9 95.52 80.31 -9.49 124.99 129.28 3% 7.02 7.42 17.8 16.8 2.7 2.8 129.00 109.32 8.49 90.03 92.26 2% 3.85 4.13 23.4 21.8 3.0 3.1 92.00 79.10 7.08 42.79 43.71 2% 1.87 1.95 22.9 22.0 3.5 3.7 46.62 39.88 3.21 73.15 75.56 3% 4.32 4.55 16.9 16.1 2.8 2.9 75.01 62.72 5.83 120.53 121.79 1% 9.48 9.88 12.7 12.2 2.3 2.4 125.49 103.89 -1.54 77.44 87.13 11% 3.68 4.02 21.0 19.3 2.0 2.1 82.37 61.12 5.50 223.32 251.32 11% 19.30 21.62 11.6 10.3 1.2 1.3 255.10 138.20 -6.74 84.40 92.54 9% 6.62 7.59 12.7 11.1 2.5 2.8 93.98 57.05 -2.19 75.80 81.36 7% 5.65 6.27 13.4 12.1 1.7 1.9 82.00 57.16 2.32 62.61 69.88 10% 3.81 4.18 16.4 15.0 3.0 3.1 66.80 53.07 6.35 113.20 118.93 5% 5.95 6.75 19.0 16.8 1.4 1.5 114.25 90.32 8.62 48.62 53.05 8% 3.83 3.95 12.7 12.3 4.8 4.9 56.94 46.01 -8.92 145.91 156.42 7% 7.19 8.09 20.3 18.0 2.4 2.7 150.15 119.20 8.82 164.96 186.11 11% 9.51 10.64 17.4 15.5 1.6 1.7 172.14 126.22 3.07 40.28 43.58 8% 2.93 3.05 13.8 13.2 4.9 5.0 43.89 36.10 -5.29 64.95 68.97 6% 2.98 3.27 21.8 19.9 2.4 2.6 66.35 48.04 4.52 32.42 35.59 9% 2.38 2.49 13.6 13.0 3.4 3.7 34.53 25.81 7.28 35.25 40.10 12% 2.80 2.94 12.6 12.0 3.1 3.2 38.45 29.51 -2.81 33.88 37.67 10% 2.55 2.78 13.3 12.2 3.8 4.0 37.39 29.84 4.31 29.56 33.53 12% 1.63 1.90 18.1 15.5 3.2 3.3 33.00 28.19 -6.46 55.34 61.23 10% 2.41 2.57 23.0 21.6 1.3 1.4 60.53 49.01 8.87 88.87 98.10 9% 3.31 3.86 26.8 23.0 0.7 1.0 92.05 73.25 13.91 59.55 68.60 13% 4.87 5.88 12.2 10.1 2.3 2.5 67.47 48.41 -8.82 22.34 25.57 13% 1.76 2.12 12.7 10.5 1.7 2.4 25.80 12.05 1.09 34.99 38.08 8% 2.11 2.67 16.6 13.1 6.8 6.9 38.68 29.98 -6.39 58.04 65.67 12% 5.17 5.87 11.2 9.9 1.4 2.0 62.53 38.31 -2.34 55.90 61.13 9% 2.54 2.72 22.0 20.5 5.2 5.4 63.38 41.45 4.66 40.69 48.25 16% 3.38 3.86 12.0 10.5 2.2 2.6 47.33 23.11 -3.69 51.35 59.29 13% 4.19 4.56 12.3 11.3 3.1 3.3 59.99 43.55 -6.82 139.39 159.58 13% 5.44 6.74 25.6 20.7 0.0 0.0 143.44 106.31 21.16 141.05 152.50 8% 8.96 10.19 15.7 13.8 1.7 1.9 145.46 89.47 21.78 110.21 127.58 14% 23.86 29.80 31.8 25.4 0.0 0.0 111.88 73.30 25.51 Note : The above data is based on Bloomberg consensus. Page 5 of 7
68. Daily Money Flow of Technical Stock Picks United States THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY * Chartist: Stephen Soo No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 38 40 Tel: +603-2167 9607 7-Apr Total Money Flow (USD' mn) 10-Apr 11-Apr 12-Apr DOW JONES (950.0) 906.7 (630.3) IBM 3M CHEVRON CATERPILLAR MCDONALDS UNITECH BOEING EXXON MOBIL J&J P&G COCA-COLA WAL-MART TRAVELERS DUPONT GOLDMAN SACHS JPMORGAN AMEX MERCK WALT DISNEY VERIZON HOME DEPOT UNITEDHEALTH AT&T MICROSOFT CISCO INTEL PFIZER GE NIKE VISA AIG BANK OF AMERICA BP CITIGROUP LV SANDS MORGAN STANLEY WELLS FARGO FACEBOOK INC APPLE INC ALIBABA GRP (58.7) (4.8) (64.9) (10.6) (43.5) 29.6 45.3 (148.3) (45.0) (64.1) (45.1) (44.9) (16.0) 12.3 18.3 (1.6) (14.5) 1.9 6.9 (2.4) (10.5) (59.6) (118.8) (108.5) (2.3) 13.1 (36.8) (45.3) (32.3) (38.0) (23.9) (100.4) 8.3 35.1 2.8 (0.8) (85.8) 17.3 53.7 32.9 (73.0) (7.0) 105.6 16.3 (11.2) 14.6 (28.7) 68.0 108.8 51.0 0.6 69.9 (2.7) (0.6) 31.9 15.7 12.8 (51.5) (6.8) 71.0 61.0 79.4 32.6 8.0 (20.2) 55.8 61.3 (55.0) (34.0) 32.2 (0.7) 90.1 1.1 9.1 24.2 18.1 (0.0) (41.7) 157.4 43.5 (16.2) 24.7 (19.3) (19.5) (37.5) (28.2) 25.7 (80.9) (58.3) (49.1) (62.1) (38.2) (31.9) (34.1) 22.5 (13.5) (35.8) (47.9) (43.9) 34.6 (41.8) 28.9 (61.9) (71.7) (12.4) 5.9 (10.6) (67.5) 20.1 15.7 5.1 (16.7) (1.9) (32.4) 1.2 17.2 41.2 32.2 69.6 (41.6) Name stsoo@ta.com.my 686.3 13-Apr (1203.1) Total 5D MF (1190.3) (A) Prv. Chg 1316.6 (B) Cur. Chg (1889.4) 55.0 51.3 (61.8) (7.5) 30.8 8.7 10.6 68.2 100.2 43.0 (53.5) 36.9 15.3 6.3 9.5 (9.9) 9.7 87.3 35.8 56.3 35.6 32.3 (99.5) 69.9 70.5 (37.3) 5.8 67.1 71.7 (47.5) (26.1) 52.8 4.5 (0.5) (0.0) 21.9 (63.7) (51.0) 91.9 (3.9) (60.7) (15.0) (108.8) 23.2 (1.4) (17.5) (38.3) (53.5) (96.4) (43.6) (61.6) (44.1) (9.8) (19.7) 18.4 (50.1) (3.2) (39.1) (23.7) (36.6) (44.0) (10.4) 6.6 (46.7) 17.2 5.3 (38.7) (50.6) (38.1) (55.5) 5.7 2.1 (1.5) 5.6 (1.8) (18.1) (20.2) (44.6) (82.0) (112.0) (153.5) 49.2 (149.2) 1.9 (62.8) 7.1 14.6 (146.5) 9.2 (62.8) (221.6) (20.3) (45.1) (35.8) 100.6 (59.4) (31.1) (49.2) (31.8) 122.9 0.4 70.5 (241.0) (149.0) 52.8 42.7 (19.0) (151.3) (12.6) (93.1) (40.0) 28.0 10.5 16.8 26.5 38.3 (128.6) (87.8) 290.6 (81.1) 71.2 26.6 (42.5) 12.0 68.4 36.9 (15.1) 149.1 158.5 92.1 8.6 75.1 47.2 40.4 (13.1) 3.6 45.5 135.2 79.7 21.7 77.4 3.3 (37.7) 141.5 82.9 (43.2) 16.4 134.6 51.6 (63.2) (31.3) 69.5 6.4 32.0 (1.2) 4.6 (104.9) (83.2) 22.3 37.8 (115.7) (66.3) (47.0) 30.8 (32.2) (26.1) (48.9) (121.7) (196.6) (86.6) (8.2) (81.1) (25.1) (25.9) 8.9 (40.2) (12.9) (126.3) (59.5) (92.9) (79.5) (42.7) 106.1 (116.5) (53.3) 42.7 (44.6) (117.7) (109.9) (8.1) 31.8 (50.6) (6.0) 6.1 (1.7) (40.0) 43.5 6.4 (173.8) (108.1) 7-Apr 10-Apr www.taonline.com.my CLOSING PRICE 11-Apr 12-Apr 20,656.1 20,658.0 20,651.3 20,591.9 13-Apr 20,453.3 172.14 189.99 108.86 95.52 129.96 112.99 178.85 82.76 124.92 89.23 42.61 72.90 120.15 80.05 227.88 86.18 77.77 63.13 112.58 48.66 147.13 166.02 40.59 65.68 32.96 36.03 34.10 29.99 55.11 88.74 61.34 23.16 34.85 59.43 56.20 41.95 54.84 140.78 143.34 108.99 171.20 189.71 109.43 97.14 129.98 112.88 177.56 83.13 124.34 89.49 42.69 73.06 121.11 80.00 228.89 85.88 77.49 62.55 112.43 48.54 148.21 165.48 40.38 65.53 33.01 35.80 34.04 30.01 54.90 88.86 61.48 23.02 35.09 59.28 55.56 41.91 54.54 141.04 143.17 111.70 170.58 190.07 108.97 97.10 131.20 113.14 178.57 82.84 124.22 89.80 42.66 73.43 121.19 79.14 227.74 85.73 77.26 62.58 113.07 48.70 148.20 165.83 40.31 65.48 32.92 35.74 33.93 30.04 54.92 88.85 60.79 22.92 35.37 59.03 56.15 41.58 54.16 139.92 141.63 110.44 170.66 189.70 108.97 94.86 131.26 112.24 176.05 82.97 125.40 90.31 42.94 73.44 121.46 78.43 225.75 85.40 76.68 63.05 113.04 48.92 146.54 165.56 40.56 65.23 32.62 35.63 33.92 29.77 55.57 88.68 60.17 22.65 35.45 58.51 56.51 41.07 53.12 139.58 141.80 110.63 169.53 188.65 106.10 93.10 130.76 112.09 175.62 81.69 124.99 90.03 42.79 73.15 120.53 77.44 223.32 84.40 75.80 62.61 113.20 48.62 145.91 164.96 40.28 64.95 32.42 35.25 33.88 29.56 55.34 88.87 59.55 22.34 34.99 58.04 55.90 40.69 51.35 139.39 141.05 110.21 (A+B) Chg DMF (138.61) OUT (1.13) (1.05) (2.87) (1.76) (0.50) (0.15) (0.43) (1.28) (0.41) (0.28) (0.15) (0.29) (0.93) (0.99) (2.43) (1.00) (0.88) (0.44) 0.16 (0.30) (0.63) (0.60) (0.28) (0.28) (0.20) (0.38) (0.04) (0.21) (0.23) 0.19 (0.62) (0.31) (0.46) (0.47) (0.61) (0.38) (1.77) (0.19) (0.75) (0.42) OUT OUT OUT IN IN IN OUT IN OUT IN IN OUT IN IN OUT OUT IN IN IN OUT OUT OUT IN IN IN OUT OUT IN OUT OUT IN IN IN IN OUT OUT OUT OUT OUT OUT Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. Page 6 of 7
69. LIST OF RECOMMENDED BUY STOCKS FROM JAN 2016 TO CURRENT Stock ALIBABA ALIBABA ALIBABA ALIBABA AMERICAN EXPRESS APPLE INC APPLE INC APPLE INC BANK OF AMERICA BOEING BP PLC BP PLC BP PLC CHEVRON CORP CHEVRON CORP CITIGROUP CITIGROUP CITIGROUP CITIGROUP CITIGROUP COCA-COLA COCA-COLA MERCK & CO NIKE INC PFIZER INC REC Date BUY Price 21-Mar 7-Dec 3-Nov 1-Mar 21-Oct 15-Nov 12-Oct 28-Apr 5-Jan 2-Feb 9-Mar 30-Nov 15-Mar 2-Aug 23-Feb 19-Jan 11-Oct 20-Sep 14-Jun 27-Jan 29-Nov 8-Jun 23-Mar 4-Apr 28-Mar 107.25 90.40 98.51 68.81 66.78 105.71 116.30 97.82 22.95 121.56 33.31 33.52 29.95 99.11 88.82 57.39 49.55 46.59 43.16 40.50 41.75 45.32 63.50 55.56 34.18 14-Apr-17 Price 110.21 110.21 110.21 110.21 75.80 141.05 141.05 141.05 22.34 175.62 34.99 34.99 34.99 106.10 106.10 58.04 58.04 58.04 58.04 58.04 42.79 42.79 62.61 55.34 33.88 Change (+/-) 2.96 19.81 11.70 41.40 9.02 35.34 24.75 43.23 (0.61) 54.06 1.68 1.47 5.04 6.99 17.28 0.65 8.49 11.45 14.88 17.54 1.04 (2.53) (0.89) (0.22) (0.30) pct ST 2.76 21.91 11.88 60.17 13.51 33.43 21.28 44.19 (2.66) 44.47 5.04 4.39 16.83 7.05 19.46 1.13 17.13 24.58 34.48 43.31 2.49 (5.58) (1.40) (0.40) (0.88) Upside Targets MT LT 111.52 119.21 111.52 119.21 111.52 119.21 111.52 119.21 84.15 94.62 152.26 159.68 152.26 159.68 152.26 159.68 24.76 25.80 186.02 195.93 35.39 37.37 35.39 37.37 35.39 37.37 119.63 135.10 119.63 135.10 62.88 67.51 62.88 67.51 62.88 67.51 62.88 67.51 62.88 67.51 44.63 47.13 44.63 47.13 70.12 73.01 60.19 63.25 35.23 37.39 124.61 124.61 124.61 124.61 105.09 165.68 165.68 165.68 29.29 203.95 39.82 39.82 39.82 150.56 150.56 70.96 70.96 70.96 70.96 70.96 49.62 49.62 75.34 68.20 39.54 ST 1.19 1.19 1.19 1.19 11.02 7.95 7.95 7.95 10.83 5.92 1.14 1.14 1.14 12.75 12.75 8.34 8.34 8.34 8.34 8.34 4.30 4.30 11.99 8.76 3.98 % Upside MT 8.17 8.17 8.17 8.17 24.83 13.21 13.21 13.21 15.49 11.56 6.80 6.80 6.80 27.33 27.33 16.32 16.32 16.32 16.32 16.32 10.14 10.14 16.61 14.29 10.36 LT 13.07 13.07 13.07 13.07 38.64 17.46 17.46 17.46 31.11 16.13 13.80 13.80 13.80 41.90 41.90 22.26 22.26 22.26 22.26 22.26 15.96 15.96 20.33 23.24 16.71 VISA INC* = Share price adjusted for 1-to-4 stock split on 19/03/2015. Total funds invested * Total unrealised profit Return 1,658,300 324,230 19.55% Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from JANUARY 2016 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. 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 (14948-M) MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 (A Participating Organisation of Bursa Malaysia Securities Berhad) Kaladher Govindan – Head of Research Page 7 of 7