Login Get Started
HelpDesk
 Embed  Download
  of  

or
Sign in to continue reading...

Bursa Malaysia Daily Market Report - 25 April

Mohd Noordin
By Mohd Noordin
7 years ago
Bursa Malaysia Daily Market Report - 25 April

Ard, Mal, Commenda, Reserves, Rub, Sales

Sukuk

Banking

International Trade

Organisation Tags (18)


Create FREE account or Login to add your comment
Comments (0)


Transcription

  1. Tuesday , 25 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. Hartalega Holdings Berhad: Brighter Days in Sight 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) 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 Tuesday, 25 April 2017 TA Research e-mail : taresearch@ta.com.my For Internal Circulation Only Review & Outlook KLSE Market Statistics (21.04.2017) Volume (mil) +/-chg (RMmn) Main Market 2,271.1 498.1 2,509.1 Warrants 267.6 67.3 30.7 ACE Market 562.9 -104.4 108.4 Bond 18.8 15.2 0.9 ETF 0.0 -0.01 0.0 Total 3,120.4 2,649.1 Off Market 35.3 -115.5 77.7 Value +/-chg 388.4 6.8 12.9 0.5 0.00 -3.5 Major Indices Index +/- chg Malaysia FBMKLCI FBMEMAS FBMSCAP April Futures Other Markets DOW JONES NASDAQ (US) FTSE (UK) NIKKEI (JAPAN) KOSPI (KOREA) HANG SENG (HK) FSSTI (S'PORE) SET (BANGKOK) JCI (JAKARTA) SHANGHAI SHENZHEN AUSTRALIA (mn) 8.0 5.4 5.0 3.5 2.3 2.0 2.0 1.7 1.4 1.3 1.2 Up Down 423 215 100 68 60 33 3 3 2 1 588 320 % chg % YTD chg 1,756.05 12,490.58 17,384.01 1,747.50 14.44 92.31 104.06 9.00 0.83 0.74 0.60 0.52 6.96 8.93 18.13 6.85 20,763.89 5,983.82 7,264.68 18,875.88 2,173.74 24,139.48 3,144.03 1,564.66 5,664.48 3,129.53 1,873.37 5,871.78 216.13 73.30 150.13 255.13 8.70 97.46 4.20 -5.36 0.00 -43.62 -46.85 17.64 1.05 1.24 2.11 1.37 0.40 0.41 0.13 -0.34 0.00 -1.37 -2.44 0.30 5.07 11.16 1.71 -1.25 7.27 9.72 9.14 1.41 6.94 0.83 -4.86 3.64 Top 10 KLCI Movers Based on Mkt Cap. Off Market PNEPCB TIGER BHS MAYBANK MATRIX ENGTEX BINTAI ARK OMESTI LEESK SCNWOLF Value/ Volume 1.10 0.11 0.19 0.05 1.54 0.85 2.20 @ @ @ @ @ @ @ @ @ @ @ (RM) 0.50 0.07 0.49 9.35 2.55 1.24 0.23 1.13 0.56 0.33 0.20 Exchange Rate USD/MYR 4.3959 -0.0037 USD/JPY 110.16 1.0800 EUR/USD 1.086 0.0157 Counter Mkt Cap. (RM’mn) MAYBANK 95,725 PBBANK 77,075 SIME 63,044 PCHEM 60,400 IHH 50,049 CIMB 49,752 MAXIS 48,367 DIGI 40,197 PETGAS 36,409 GENTING 36,314 Chg (RM) 0.32 0.04 0.01 0.03 0.06 0.11 0.05 0.02 0.06 0.04 Vol. (mn) 41.14 4.71 4.86 7.50 7.20 12.23 1.27 2.02 1.42 3.10 Commodities Futures Palm Oil (RM/mt) 2,528.00 0.00 Crude Oil ($/Barrel) 49.21 -0.42 Gold ($/tr.oz.) 1,277.90 -8.10 Last Friday's stronger-than-expected recovery triggered bullish reversals on technical momentum indicators for the benchmark index, but buying momentum will need to improve significantly to confirm and sustain this recovery. Meantime, improvement in overseas markets following comments from the US Treasury Secretary that implied the Trump administration would cut taxes soon, easing of political jitters in Europe and geopolitical tensions will be crucial to support further recovery ahead. On the index, a breach above 1,758, the 23.6%FR of the 1,310 to 1,896 upswing closely matching the recent high, will meet stronger resistance at 1,782, which is the 76.4%FR of the 1,867 to 1,503 downswing, followed by 1,800 and the 18 May 2015 high of 1,823. Key uptrend supports cushioning downside will be at 1,741 and 1,729, the respective 30 and 50day moving average levels. Strategy-wise, any further rally on gaming stocks Genting Berhad and Genting Malaysia, and also banks like Maybank, AMBank, CIMB and RHBBank should encourage profit-taking to consolidate recent strong gains, as buying momentum shift to lower liner construction stocks such as Binapuri, Eco World, Mudajaya, MRCB, UEM Sunrise and WCT Holdings for recovery plays. News Bites • • • • • • • • • • • • • Important Dates Bank Negara Malaysia's international reserves rose marginally to US$95.7bil or RM423.2.6bil as at April 14, 2017 from US$95.4bil on March 31, 2017. It is sufficient to finance 8.2 months of retained imports and was 1.1 times the short-term external debt. Malaysia has reached an agreement with Abu Dhabi's International Petroleum Investment Co as partial debt settlement for embattled government fund 1Malaysia Development Bhd. Gas Malaysia Bhd through its subsidiary Gas Malaysia IEV Sdn Bhd has formally commenced its virtual pipeline business following the officiation of its compressed natural gas mother station in Gebeng, Pahang. Iris Corp Bhd will be partnering Norwegian biometrics company Zwipe to look into the potential for biometric smartcard applications in Malaysia. Plastrade Technology Bhd proposes to undertake a 10% private placement of its total issued shares to potentially raise RM5.56mn for working capital. The High Court has struck out a RM303.53mn claim against mass rapid transit project delivery partner MMC Gamuda KVMRT (PDP) Sdn Bhd. Seacera Group Bhd has proposed to issue between 70mn and 80mn new shares to raise at least RM70mn. Dolomite Corp Bhd has defaulted in instalment payments of principal sums of about RM30mn due to a delay in the completion of thermal power plant construction. Petronas Gas Bhd has named Kamal Bahrin Ahmad as its new managing director effective June 1, 2017. Cycle & Carriage Bintang Bhd's net profit tumbled to RM312,000 in 1QFY17 from RM9.5mn in 1QFY16 amid intensified price competition among premium car suppliers. Naim Indah Corp Bhd disclosed that its FY16 audited net profit is actually 64.8% lower than the group's unaudited quarterly disclosure to Bursa Malaysia due to lower gain on fair value adjustment in its investment property. Integrated Logistics Bhd announced it has signed a share sale agreement with Bee Sun Sdn Bhd to dispose of its 100% stake in Feel Solar Sdn Bhd, which was held via IL Energy Sdn Bhd, for RM2.98mn. Voters in France chose far-right populist Marine Le Pen and political novice Emmanuel Macron for the second round of the country's presidential election on 7 may. L&G - 8:5 Rights Issue - RI of up to 1,914.1m shares. 8 rights shares for every 5 existing share held, at an issue price of RM0.21 per rights share. Application Closed: 03/05/2017. LISTING ON: 18/05/2017. 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 Tuesday , April 25, 2017 FBMKLCI: 1,756.05 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 Upswing to Continue Post French Election Results The FTSE Bursa Malaysia Lumpur Composite Index (FMB KLCI) managed to close at a fresh 23-month high last Friday, helped by renewed strength in banking stocks and oil price rebound on China’s strong 1Q GDP growth, and as geopolitical tensions over North Korea eased following a failed missile launch. The return of local institutional funds also managed to offset concerns over political uncertainties in Europe, geopolitical tensions in global hotspots and weaker US corporate earnings. For the week, the FBM KLCI recovered 25.06 points, or 1.45 percent to 1,756.05, with most of the gains contributed by banking stocks Maybank (+45sen), AMBank (+32sen), RHBBank (+24sen) and CIMB (+23sen), and gaming stocks Genting Berhad (+49sen) and Genting Malaysia (+35sen). Average daily traded volume and value were sharply reduced to 2.86 billion shares and 2.26 billion, compared with the 3.78 billion shares and RM2.31 billion average respectively the previous week, as the severe slowdown of trading momentum in small cap stocks was cushioned by bargain hunting interest on blue chips that supported the average daily traded value. Banking stocks continued to aid the recovery in FBMKLCI as institutional and foreign funds that tracked the benchmark index piled in, aiming to scoop up a bargain in the index heavyweight sector after the continued rise in the consumer price index raised expectations for a hike in the Overnight Policy Rate (OPR) in the second half of this year. As a 25 basis points increase in the OPR could raise the full year earnings of banks by about 2%, the buying is justified as most banking stocks appeared undervalued on a price-to-book basis compared to their historical valuation. An unconfirmed news from the Singapore’s Straits Times last Friday that Malaysia and Abu Dhabi have reached an agreement on a partial debt settlement for 1Malaysia Development Bhd could have provided another boost for the market. This is so as apparently neither party would pursue legal action until they settle all outstanding disputes before December 2020. Risk-on attitude post first round of French presidential election could push FBMKLCI higher this week as voters in France chose far-right populist Marine Le Pen and political novice Emmanuel Macron for the second round of the country's presidential election on 7 May. The sign of relief in global markets yesterday should spread to our local market today as the advance of Emmanuel Macron as the favourite in runoff over nationalist Marine Le Pen has eased concerns about France leaving the European Union. However, the risk-off attitude may return before the second round of election next month and should Le Pen able to turn the tables in the final round, it will be negative for global financial markets and could validate the adage “Sell in May and Go Away”. Thus, sentiment could continue driving volatility in the market. As historically election years are mostly positive for the Malaysian equity market, it could be an opportunity to buy-onweakness, presuming market is right about an early election this year. The recovery in GDP and corporate earnings, the award of many big-ticket infrastructure projects and Page 1 of 9
  4. TA Securities 25-Apr-17 A Member of the TA Group improvement in commodity prices can be good enough reasons to do so apart from a potential recovery in ringgit , which has corrected more than 30% since 2013. Bank Negara’s measures have brought some stability to the local currency. Sustained pick up in exports, weakness in the USD and relatively stronger commodity prices can be vital factors to partially restore the ringgit’s strength and lure back foreign investors. Page 2 of 9
  5. TA Securities 25-Apr-17 A Member of the TA Group News In Brief Corporate Malaysia has reached an agreement as partial debt settlement for embattled government fund 1Malaysia Development Bhd . 1MDB and the Ministry of Finance Inc will pay Abu Dhabi’s International Petroleum Investment Co (IPIC) USD1.2bn by end-2017 to settle a loan and interest payments that were paid on behalf of 1MDB in 2015 and assume liability for future payments of interest and the principal for two bonds totalling USD3.5bn previously co-guaranteed with IPIC. As for the disputed sum of money of around USD3.5bn that 1MDB said was paid to IPIC’s subsidiary Aabar Investments (IPIC said the money was never received by Aabar), the two sides have agreed to further negotiate a settlement. (The Edge) Gas Malaysia Bhd through its subsidiary Gas Malaysia IEV Sdn Bhd has formally commenced its virtual pipeline business following the officiation of its compressed natural gas mother station in Gebeng, Pahang. The pipeline will supply compressed natural gas to customers that are currently not served by Gas Malaysia's natural gas distribution system network. (The Edge) Integrated Logistics Bhd announced it has signed a share sale agreement with Bee Sun Sdn Bhd to dispose of its 100% stake in Feel Solar Sdn Bhd, which was held via IL Energy Sdn Bhd, for RM2.98mn. The group has decided to focus on investments in large-scale solar photovoltaic plants introduced by the Energy Commission in 2016. (Bursa Malaysia) Iris Corp Bhd will be partnering Norwegian biometrics company Zwipe to look into the potential for biometric smartcard applications in Malaysia. There are some similarities between the manufacturing of the biometric cards and the manufacturing of the components for ID cards and passports, which Iris currently does, but Iris will need further investments to upgrade its manufacturing capabilities. (The Edge) Plastrade Technology Bhd proposes to undertake a 10% private placement of its total issued shares to potentially raise RM5.56mn for working capital. The placement would involve 15.04mn shares to investors to be identified later and at an issue price to be determined later. (Bursa Malaysia) The High Court has struck out a RM303.53mn claim against mass rapid transit project delivery partner MMC Gamuda KVMRT (PDP) Sdn Bhd. The suit was filed last July by Accolade Land Sdn Bhd, which claimed KVMRT PDP jointly owned by MMC Corp Bhd and Gamuda Bhd had breached a contract relating to the acquisition of land from Accolade. (Bursa Malaysia) Seacera Group Bhd has proposed to issue between 70mn and 80mn new shares to raise at least RM70mn. It entered into conditional subscription agreements with 12 subscribers for the subscription of 70.78mn new shares, representing 30% of its enlarged share capital. (Bursa Malaysia) Dolomite Corp Bhd has defaulted in instalment payments of principal sums of about RM30mn. It was unable repay the instalment due to a delay in the completion of thermal power plant construction resulting from the main contractor’s inability to deliver within the agreed time, prolonged severe winters, and longer-than-expected time required to stabilise the plant. (Bursa Malaysia) Petronas Gas Bhd has named Kamal Bahrin Ahmad as its new managing director effective June 1, 2017. He will replace Yusa Hassan who has resigned. Kamal, 53, joined Petronas as a project engineer in the refining sector and was involved in the commissioning of the Kerteh Refinery Reformer Project. (Bursa Malaysia) Page 3 of 9
  6. TA Securities 25-Apr-17 A Member of the TA Group Cycle & Carriage Bintang Bhd’s net profit tumbled to RM312,000 in 1QFY17 from RM9.5mn in 1QFY16 amid intensified price competition among premium car suppliers. It is banking on higher car sales to drive its earnings growth this year, as automotive sector margins remain under pressure. (Bursa Malaysia) Naim Indah Corp Bhd disclosed that its FY16 audited net profit for FY16 profit is actually 64.8% lower than the group’s unaudited quarterly disclosure to Bursa Malaysia. The deviation was mainly due to lower gain on fair value adjustment in its investment property Centerpoint Seremban Mall. (Bursa Malaysia) Page 4 of 9
  7. TA Securities 25-Apr-17 A Member of the TA Group News In Brief Economy Asia Bank Negara ’s International Reserves up Slightly at US$95.7bil Bank Negara Malaysia’s international reserves rose marginally to US$95.7bil or RM423.2.6bil as at April 14, 2017 from US$95.4bil on March 31, 2017. In a statement, the central bank said the reserves position was sufficient to finance 8.2 months of retained imports and was 1.1 times the short-term external debt. Bank Negara said the reserves were made up of US$88.9bil in foreign currency reserves, US$0.8bil International Monetary Fund reserves position, US$1.1bil in holdings of Special Drawing Rights (SDRs), US$1.6bil in gold and US$3.3bil consisted of other assets. (The Star) Malaysian Economy to Keep Growing Over Next Few Months - Statistics Department The Malaysian economy is expected to continue expanding four to six months ahead based on the annual change of the Leading Index (LI), said the Statistics Department. It said in a statement that the annual (year-on-year) change of LI, which monitors the economic performance in advance, rose to 0.8% in February from 0.5% in the previous month. LI’s components include real money supply, Bursa Malaysia Industrial Index and expected manufacturing sales value, among others. This marked the second month in a row that the year-on-year LI had been positive. Last year, the index spent 11 months in negative territory (except for August). However, the department said, LI showed a month-on-month drop of 0.9% in February. Meanwhile, the Coincident Index, which measures the current economic activity, increased 1.3% in February. Among the five components that contributed to the growth was capacity utilization in manufacturing sector and volume index of retail trade. The Statistics Department said gross domestic product at constant price for the fourth quarter of 2016 continued to expand with a growth of 4.5% versus 4.3% in the previous quarter. (The Star) Japan Manufacturing PMI Climbs to 52.8 – Nikkei The manufacturing sector in Japan continued to expand in April, the latest survey from Nikkei showed with a manufacturing PMI score of 52.8. That's up from 52.4 in March, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Individually, output, new export orders, employment, backlogs of work, input prices, output prices and quantity of purchases all accelerated. New orders advanced at a slower rate, while stocks of purchases moved to expansion from no change in the previous month. Separately, Japan's tertiary activity index increased at a slower-than-expected pace in February, after falling in the previous two months, figures from the Ministry of Economy, Trade and Industry showed. The tertiary activity index rose 0.2 percent month-over-month in February, reversing a 0.2 percent drop in January. Economists had expected a 0.3 percent climb for the month. Among the individual components of the survey, activity was up for business-related services, retail trade, Living amusement-related services, transport and postal activities. At the same time, activity was down for information and communications, wholesale trade, real estate, electricity, gas, heat supply and water, finance and insurance, goods rental and leasing. On an annual basis, the tertiary activity index fell 1.3 percent in February, in contrast to a 0.6 percent rise in the prior month. It was the first decline in four months. (RTT News) PBOC Says China 6.5% Growth Target Within Reach China's 2017 growth target of 6.5 percent is "within reach", the governor of the country's central bank said in a statement on Saturday, amid stronger economic signs at the start of the year. Zhou Xiaochuan, governor of the People's Bank of China, said in an International Monetary and Financial Committee (IMFC) statement China's corporate and financial sectors were looking broadly resilient and risks were under control. "As the growth of investment and trade stabilised and recovered, consumption grew steadily, and employment remained broadly stable," he said. "The expected 6.5 percent growth for this year is within reach." China set a growth target of 6.5 percent in March, down from 6.5 to 7 Page 5 of 9
  8. TA Securities 25-Apr-17 A Member of the TA Group percent in 2016 . The country ultimately achieved 6.7 percent growth last year, supported by record bank loans, a speculative housing boom and billions in government investment. The IMFC advises the International Monetary Fund on matters regarding the supervision and management of the international financial system. (The Star) Philippine Growth Outlook Seen Continuing to Improve The Philippine central bank governor Amando Tetangco said the outlook for economic growth continues to brighten, though there are uncertainties such as concerns about US trade policy. The global economy appears to be gaining ground after years of sluggish growth in the wake of the global financial crisis, or GFC, he said. While worries about the impact of a US-led push to address trade imbalances through heightened protectionism haven’t materialised so far, that doesn’t mean the risk has completely dissipated. With domestic inflation within the central bank’s target range, Tetangco said there’s no need to adjust monetary policy. Bangko Sentral ng Pilipinas is forecast by economists to be the first in South-East Asia to raise interest rates this year. It held the benchmark interest rate at a record-low 3% in March, and lowered inflation forecasts. Consumer prices rose 3.4% in March from a year earlier, the fastest pace since November 2014. The central bank’s target is for average inflation to stay at 2% to 4% until 2020. The Philippine economy is forecast to to grow more than 6% until 2019, among the fastest pace of expansion in the world. (The Star) U.S. World Bank, IMF Are on Guard With the Trump Administration Leaders of the World Bank and the International Monetary Fund may have this past weekend won the qualified backing of the Trump administration, but their work is hardly done. Both institutions will likely still have to prove to their largest and most powerful shareholder that they represent an efficient use of U.S. taxpayer dollars to promote the nation’s interests abroad. Mr. Mnuchin’s mixed message contained a subtle warning: If the IMF and the World Bank fail to deliver on key U.S. objectives, the administration could rethink the nature of its engagement with them. Mr. Mnuchin’s support came as a relief to officials inside the institutions and to outside economists who had been worried the Trump administration would eschew the multilateral institutions in favor of bilateral diplomacy. Many feared that a disengaged—or even hostile—Washington could undermine the organizations, which the U.S. founded after World War II as a central feature of global diplomacy. For seven decades, the U.S. has used the IMF and the World Bank to advance its interests abroad and promote economic and political stability. (The Wall Street Journal) U.S. Existing Home Sales Surge 4.4% in March U.S. home re-sales rose more than expected in March to the highest level in more than a decade as more homes came on the market and were quickly snapped up by consumers. The National Association of Realtors said that existing home sales increased 4.4 percent to a seasonally adjusted annual rate of 5.71 million units last month. Economists polled by Reuters had forecast sales increasing 2.5 percent to a pace of 5.60 million units in March. February's sales pace was revised slightly down to 5.47 million units. Sales were up 5.9 percent from March 2016, hitting their highest level since February 2007. The housing recovery has been underpinned by falling unemployment and rising wages. The unemployment rate declined to 4.5 percent in March to near a 10-year low. But demand is outstripping supply. While the number of homes on the market rose 5.8 percent to 1.83 million units last month, housing inventory was down 6.6 percent from a year ago. Properties typically remained on the market for 34 days in March compared to 45 days in February, the NAR said. At March's sales pace, it would take 3.8 months to clear the stock of houses on the market, unchanged from February. (Reuters) U.S. Manufacturing Growth Decelerates in April The U.S. manufacturing growth surpassed the trend seen throughout the service economy in April; however, it was also the most subdued witnessed since September 2016. The headline Markit Flash U.S. PMI dropped to 52.8 on a seasonally adjusted basis from March’s reading of 53.3. This suggested another moderation in the manufacturing growth from the near two-year peak witnessed in January 2017. Subdued paces of output and new order Page 6 of 9
  9. TA Securities 25-Apr-17 A Member of the TA Group growth mainly weighed on the headline index in April , noted Markit. A slight recovery in manufacturing job creation from the seven-month low seen in March was the main upbeat development. Manufacturers were wary regarding their pre-production inventories in April. The drop in stocks of input concluded a six-month period of restricted inventory building. The data for April hinted at a sharp and quickening rise in average cost burdens throughout the manufacturing sector. The pace of input cost inflation was the most rapid since December 2013. Survey respondents have attributed this to increasing prices of commodity, especially metals. In the meantime, pressure on margins from higher input costs added to the most robust rise in factory gate charges for nearly two-and-a half years. (Economtimes) Fischer: Two More Interest Rate Hikes Still Feels Right Federal Reserve vice chairman Stanley Fischer said a recent patch of weak economic data likely won’t throw the US central bank off track for two more interest-rate increases this year. “There are reasons to think that the first quarter was, again, below what the rest of the year will be,” Fischer in an interview on CNBC. Asked if two more rate hikes for the year still feels appropriate, Fischer said: “We’re feeling that way and so far haven’t seen anything to change that.” Fischer also said that major economies around the world have recently shown signs of renewed strength, contributing to an optimistic tone at the ongoing spring meetings of the International Monetary Fund in Washington. “A large part of the upbeat tone comes from the fact that China is doing better, Europe is doing better,” he said. “We’re seeing positive changes throughout much of the world.” Fed officials raised rates in March and stuck to projections that signaled they would make a total of three quarter-point moves this year. Since then investors have pulled back on their expectations for rate hikes after a closely watched measure of inflation unexpectedly fell and estimates of first quarter growth have declined. The Atlanta Fed currently estimates that from January through March the economy grew at an annualised pace of 0.5%. (The Star) U.K. UK Retail Sales Post Biggest Quarterly Fall Since 2010 British retail sales posted their biggest quarterly fall in seven years during the first three months of 2017, as rising prices since last year's Brexit vote put more pressure on consumers, official data showed. Sterling fell to a day's low after the weaker-than-expected figures, extending a decline that started after it reached its session peak around 0800 GMT. Retail sales volumes contracted 1.4 percent in the first quarter after rising 0.8 percent in the last three months of 2016, the Office for National Statistics said. It was the biggest quarterly decline since the first quarter of 2010, and is likely to reinforce the view among many economists that household spending - the main driver of the economy - is now slowing sharply. That may prove a concern for Prime Minister Theresa May, who earlier this week unexpectedly called for an early national election, in an effort to strengthen her mandate for the next two years of negotiating Britain's exit from the European Union. (CNBC) Weak Pound Boosts UK Exporters, but Brexit Weighs on Investment - CBI British factories saw their strongest export orders in six years in early 2017, helped by sterling's fall after the Brexit vote, but they are also scaling back on investment plans, a survey showed. The Confederation of British Industry's quarterly measure of manufacturing showed how last year's referendum decision to leave the European Union has helped and hindered companies. UK producers enjoyed the biggest increase on record in their competitiveness in non-European Union markets in the three months to April. Domestic orders were buoyant too, rising at their fastest pace in nearly three years. (RTT News) Europe Eurozone Economy Races into Second-Quarter with Bumper Growth: PMI The Eurozone economy bounded into the second quarter with strong broad-based growth, according to a survey showing businesses increased activity at the fastest rate for six years as new orders stayed robust. Signs the bloc is on a sustainable growth path, along with inflationary pressures, will be welcomed by the European Central Bank, which has struggled for years to achieve either, despite ultra-loose monetary policy. Consumer Page 7 of 9
  10. TA Securities 25-Apr-17 A Member of the TA Group confidence is also improving . IHS Markit's Flash Composite Purchasing Managers' Index, seen as a good guide to growth, climbed to 56.7 from March's 56.4, its highest since April 2011. A reading above 50 indicates growth. That matched the most optimistic forecaster in a Reuters poll in which the median prediction was a dip to 56.3. IHS Markit said the latest PMI data, if maintained, pointed to second-quarter economic growth of 0.7 percent, well above the 0.4 percent predicted in a poll. Earlier data from Germany showed its private sector grew at a slower pace this month as services shifted into a lower gear but factory activity remained high, suggesting Europe's biggest economy is carrying its upswing into the second quarter. French business activity confounded expectations in April by growing at the fastest pace in nearly six years, showing no signs of cooling down just days before the most uncertain presidential election in years. (Reuters) Eurozone Government Deficit, Debt Narrow in 2016 Euro area government deficit and debt to GDP ratios narrowed further in 2016, data from the Eurostat showed. Eurozone's government deficit to GDP ratio declined to 1.5 percent from 2.1 percent in 2015. The corresponding ratio for EU28 dropped to 1.7 percent from 2.4 percent. The government debt to GDP ratio for euro area fell to 89.2 percent from 90.3 percent in 2015. The EU28 debt ratio eased to 83.5 percent from 84.9 percent. The Maastricht treaty thresholds for government debt and deficit are 3 percent and 60 percent of GDP, respectively. Among EU member states, Luxembourg, Malta, Sweden, Germany, Greece, the Czech Republic, Cyprus and the Netherlands, Estonia and Lithuania registered a Government surplus, while Bulgaria and Latvia reported a government balance. Ireland, Croatia and Denmark logged the lowest deficits. Meanwhile, deficits of Spain, France, Romania and the United Kingdom were above or equal to the Maastricht limit of 3 percent. (RTT News) Germany's Business Sentiment Improves in April Germany's business confidence improved in April, reports said citing survey data from Ifo institute on Monday. The business confidence index rose to 112.9 from March's initially estimated 112.3. The score was seen at 112.4. The current conditions indicator came in at 121.1, well above the expected level of 119.2. At the same time, the expectations index dropped to 105.2 in April, while it was forecast to rise to 105.9. (RTT News) Draghi Seen Opting for Faster QE Exit if French Hurdle Cleared Mario Draghi may be willing to take a faster route to monetary-policy normalisation than economists previously thought. While no changes to interest rates or asset purchases are expected, most respondents in a Bloomberg survey now say the European Central Bank (ECB) president will revise forward guidance as early as June, six months sooner than in an earlier poll. Economists also reduced their estimate for how long it will take to taper quantitative easing and brought forward their predicted rate hike. Public divergences among senior policymakers in recent weeks have fuelled speculation that the ECB is close to signalling the withdrawal of its extraordinary stimulus. While Draghi has tried to quash that talk, and French presidential elections starting yesterday still pose a threat to the euro area, the region’s steadily-strengthening recovery may convince him to at least hint at his exit strategy. (The Star) Page 8 of 9
  11. TA Securities 25-Apr-17 A Member of the TA Group Share Buy-Back : 21 Apr 2017 Company AMPROP BKAWAN FITTERS UNIMECH Bought Back Price (RM) Hi/Lo (RM) 23,400 45,300 100,000 9,800 0.81/0.805 19.02/19.00 0.41 1.08/1.07 0.825/0.80 19.02/18.98 0.41/0.405 1.09/1.07 Total Treasury Shares 13,156,500 31,970,231 17,665,600 6,235,210 Source: Bursa Malaysia 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 9 of 9
  12. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company AUTOMOBILE BAUTO MBMR UMW Share Price (RM) 21-Apr-17 2.11 2.40 6.20 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 1.23 10.8 22.7 17.7 15.8 23.8 27.6 19.6 10.6 35.1 13.4 10.1 22.5 5.6 3.8 1.8 7.5 3.8 2.9 2.44 2.70 7.00 -13.5 -11.1 -11.4 1.95 1.95 4.43 8.2 23.1 40.0 -0.9 12.1 35.7 4.10 3.40 5.40 6.10 15.80 9.20 22.10 4.70 8.50 1.28 0.96 1.32 1.34 0.66 0.95 0.80 1.30 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 11.3 9.9 11.1 11.1 13.6 12.7 14.6 10.8 26.6 10.7 8.7 10.2 10.1 12.5 11.4 14.2 10.3 25.4 3.7 2.8 3.1 3.6 3.0 5.3 2.8 2.3 3.5 3.7 2.8 3.5 4.0 3.0 5.3 2.9 2.3 3.5 4.23 2.92 5.21 5.83 14.00 9.43 20.28 5.39 10.00 -4.3 -0.7 -0.8 -3.8 -1.9 -0.3 -1.6 -1.7 -3.0 3.60 2.08 3.90 4.11 12.70 7.50 18.52 4.43 8.20 12.5 39.4 32.6 36.4 8.2 25.3 7.8 19.6 18.3 8.9 21.3 20.0 24.4 1.8 14.6 1.2 12.5 9.6 0.44 1.27 5.13 3.50 0.80 1.86 2.06 5.90 0.49 1.55 5.49 3.27 0.58 1.90 1.50 5.58 0.79 0.68 1.06 1.09 1.18 na 1.10 0.12 5.9 14.7 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 8.7 16.2 20.8 8.3 14.7 16.1 13.3 7.5 9.7 14.1 16.7 8.1 14.8 16.2 12.9 0.0 2.2 2.3 2.7 1.3 3.0 1.5 4.2 2.3 2.2 2.3 2.7 1.3 3.0 1.5 4.2 0.51 1.35 5.33 3.61 0.81 1.89 2.14 6.13 -13.7 -6.1 -3.8 -3.0 -1.9 -1.6 -3.7 -3.8 0.36 0.80 4.59 3.07 0.41 1.42 1.41 5.02 22.2 59.5 11.8 14.0 96.3 31.0 46.1 17.5 1.1 21.0 7.3 9.4 38.3 9.4 19.1 0.3 1.97 2.00 0.46 15.4 15.6 12.8 12.6 5.1 5.1 2.40 -17.9 1.93 2.1 -2.0 15.00 17.30 15.41 21.08 0.53 0.57 69.6 93.1 77.5 21.5 101.9 18.6 19.4 17.0 4.6 4.8 5.1 5.3 15.20 18.74 -1.3 -7.7 12.38 14.58 21.2 18.7 7.8 5.6 2.37 7.58 25.18 81.40 3.10 1.79 4.65 1.01 2.23 9.59 26.14 83.60 3.76 2.74 4.17 1.10 0.49 0.35 0.36 0.37 0.50 0.68 0.43 0.58 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 36.5 21.1 24.5 28.2 13.9 7.1 36.6 10.9 31.4 18.7 20.2 26.0 12.6 7.1 29.5 7.9 0.8 4.0 2.5 3.5 4.8 4.5 1.0 5.0 1.0 5.0 3.0 3.8 5.5 4.5 1.1 5.0 3.00 9.53 27.00 81.98 3.20 2.04 4.75 1.07 -21.0 -20.5 -6.7 -0.7 -3.1 -12.3 -2.1 -5.4 2.11 7.30 21.20 74.12 2.09 1.43 4.14 0.78 12.3 3.8 18.8 9.8 48.6 25.2 12.2 29.5 -7.8 3.4 7.2 4.1 21.6 3.5 7.4 27.0 46.52 52.08 1.05 198.6 187.4 23.4 24.8 4.3 4.3 55.64 -16.4 40.31 15.4 5.3 9.74 5.98 10.34 6.10 1.35 1.27 45.0 25.7 50.9 27.9 21.7 23.3 19.1 21.5 0.5 1.3 0.6 1.5 9.90 5.98 -1.6 0.0 7.50 4.17 29.9 43.3 22.6 32.3 2.75 0.12 3.81 0.10 0.72 1.31 22.1 0.2 24.6 0.3 12.4 53.3 11.2 39.7 5.8 0.0 6.9 0.0 3.42 0.13 -19.6 -7.7 2.75 0.05 0.0 140.0 -7.1 140.0 6.08 4.09 6.40 4.61 0.78 0.51 13.9 13.3 17.9 16.5 43.7 30.7 33.9 24.8 0.7 1.5 0.7 1.9 6.79 4.37 -10.5 -6.4 5.78 3.85 5.2 6.2 -4.3 -2.2 4.98 6.04 1.94 4.80 2.08 6.05 6.80 1.90 5.05 2.55 0.57 0.14 0.31 -0.21 0.27 20.0 35.8 16.2 26.6 4.3 24.3 40.5 18.2 30.2 7.1 24.9 16.9 12.0 18.0 48.5 20.5 14.9 10.6 15.9 29.4 1.8 3.0 2.5 2.8 0.5 2.2 3.3 2.8 3.2 0.8 5.03 7.07 2.81 5.45 2.64 -1.0 -14.6 -31.0 -11.9 -21.2 3.81 5.90 1.93 4.20 1.96 30.7 2.4 0.5 14.3 6.1 3.1 -8.3 -8.1 -10.3 -11.9 INDUSTRIAL SCIENTX SKPRES 8.71 1.27 8.50 1.75 0.58 0.46 75.3 8.8 83.0 13.7 11.6 14.4 10.5 9.3 2.4 3.5 2.8 5.4 8.80 1.44 -1.0 -11.8 5.75 1.12 51.5 13.4 30.0 -1.6 MEDIA ASTRO MEDIA PRIMA STAR 2.72 1.14 2.36 3.20 0.85 1.95 1.03 0.68 0.62 13.3 7.7 15.0 14.5 8.0 15.8 20.5 14.7 15.8 18.8 14.3 14.9 4.6 5.4 7.6 4.8 5.6 7.6 3.01 1.52 2.70 -9.6 -25.0 -12.6 2.56 1.00 2.20 6.3 14.0 7.3 4.6 -0.9 5.4 OIL & GAS EATECH MHB MISC PANTECH PCHEM SENERGY UMWOG UZMA 0.61 1.03 7.31 0.62 7.55 1.96 0.65 1.88 0.45 0.96 8.16 0.52 7.91 2.02 0.54 1.40 1.01 1.82 0.83 1.26 1.08 2.40 1.99 1.39 11.5 -0.4 50.6 3.7 34.7 5.2 -14.7 11.3 11.9 1.5 57.1 4.3 39.3 7.8 -12.4 12.2 5.3 na 14.4 16.7 21.8 37.4 na 16.7 5.1 69.0 12.8 14.4 19.2 25.1 na 15.4 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 1.32 8.86 0.64 7.80 2.10 1.04 2.02 -48.3 -22.0 -17.5 -2.4 -3.2 -6.7 -38.0 -6.9 0.45 0.84 6.88 0.44 5.95 1.29 0.61 1.30 37.1 22.6 6.2 42.5 26.9 51.9 6.6 44.6 -1.6 12.6 -0.5 39.3 8.2 21.0 -26.3 10.6 BANKS & FINANCIAL SERVICES AFG 4.05 AFFIN 2.90 AMBANK 5.17 CIMB 5.61 HLBANK 13.74 MAYBANK 9.40 PBBANK 19.96 5.30 RHBBANK BURSA 9.70 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
  13. 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 2.02 3.08 4.54 24.32 9.27 6.16 1.53 3.88 3.93 22.75 8.24 7.52 1.78 0.47 1.10 0.91 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 31.8 22.5 24.2 21.8 30.1 18.8 18.2 19.6 21.5 20.4 26.2 17.9 2.5 2.3 2.2 2.3 2.4 2.6 2.5 2.6 2.6 2.4 3.0 2.8 2.52 3.70 4.81 25.50 9.55 6.51 -19.8 -16.8 -5.6 -4.6 -2.9 -5.4 1.31 3.06 4.07 22.62 7.10 5.53 54.2 0.7 11.5 7.5 30.6 11.4 30.3 -9.4 3.2 1.3 14.4 2.7 0.71 1.11 0.94 2.03 1.47 0.80 3.64 3.40 0.69 1.07 1.00 2.10 1.60 0.80 4.10 3.40 0.65 0.65 0.34 0.92 0.70 0.29 0.67 0.50 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 5.6 12.9 13.8 10.1 12.6 13.1 10.9 10.1 6.4 8.4 13.2 11.8 8.3 14.7 10.2 5.6 3.6 3.7 3.4 4.1 1.3 3.8 3.5 5.6 3.2 4.3 3.7 3.7 1.3 3.8 3.5 0.83 1.43 1.05 2.46 1.70 1.00 3.77 3.47 -13.9 -22.5 -11.0 -17.5 -13.5 -20.0 -3.4 -2.0 0.68 1.05 0.91 1.85 1.34 0.69 2.80 2.84 4.4 5.7 2.7 9.9 9.7 15.9 30.0 19.7 2.2 -1.8 -6.5 4.1 2.8 0.0 16.3 13.3 1.69 1.51 1.79 1.72 0.54 0.60 8.9 7.8 10.1 8.3 19.1 19.3 16.7 18.1 5.2 5.6 6.0 5.9 1.84 1.72 -8.2 -12.2 1.57 1.43 7.6 5.6 -1.7 -1.3 POWER & UTILITIES MALAKOF PETDAG PETGAS TENAGA YTLPOWR 1.22 24.00 18.40 13.74 1.48 1.45 20.19 19.02 17.19 1.81 0.71 0.74 0.75 1.02 0.58 6.9 98.4 88.2 133.8 8.8 8.3 102.3 101.3 132.7 10.6 17.6 24.4 20.9 10.3 16.9 14.7 23.5 18.2 10.4 14.0 5.7 3.0 3.4 4.2 6.8 4.7 3.2 3.9 2.9 6.8 1.80 25.70 22.66 14.90 1.64 -32.2 -6.6 -18.8 -7.8 -9.8 1.14 22.16 18.10 13.00 1.38 7.0 8.3 1.7 5.7 7.2 -10.9 0.8 -13.6 -1.2 -0.7 TELECOMMUNICATIONS AXIATA DIGI MAXIS TM 5.06 5.17 6.44 6.48 5.25 4.90 5.95 6.95 1.26 0.95 0.71 0.68 17.0 20.8 25.1 21.4 17.9 21.1 25.4 22.3 29.7 24.8 25.7 30.2 28.2 24.5 25.3 29.1 1.7 4.0 3.1 3.0 1.8 4.1 3.1 3.1 5.99 5.19 6.49 6.90 -15.5 -0.4 -0.8 -6.1 4.11 4.31 5.36 5.81 23.1 20.0 20.1 11.5 7.2 7.0 7.7 8.9 TECHNOLOGY Semiconductor & Electronics IRIS 0.18 INARI 2.09 MPI 11.80 UNISEM 3.17 0.14 2.35 13.15 3.55 1.39 0.78 0.51 0.82 -1.1 10.4 89.2 26.9 0.8 na 12.4 20.2 109.6 13.2 29.1 11.8 21.8 16.9 10.8 10.9 0.0 2.0 2.3 3.8 0.0 2.4 2.3 3.8 0.24 2.13 12.22 3.30 -25.0 -1.9 -3.4 -3.9 0.10 1.28 6.86 2.12 80.0 63.0 72.0 49.5 63.6 25.9 59.2 34.3 3.24 7.30 3.02 7.68 1.17 1.45 40.3 9.8 41.9 10.2 8.0 74.2 7.7 71.8 1.2 1.4 1.5 1.4 3.30 7.32 -1.8 -0.3 1.88 5.76 72.3 26.7 41.5 20.5 1.76 3.99 1.88 4.51 0.80 0.68 15.4 19.3 21.5 17.4 11.4 20.6 8.2 22.9 3.1 3.6 4.0 3.3 1.87 4.59 -5.9 -13.1 1.23 3.74 43.1 6.7 10.7 -7.2 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 19.00 OCBC 9.64 UOB 21.88 PLANTATIONS WILMAR IFAR 3.52 0.47 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 10.9 92.5 11.0 209.4 11.2 10.0 10.4 10.4 3.2 5.7 3.2 3.2 6.7 3.2 19.4 9.8 22.2 -2.2 -1.4 -1.2 14.63 8.84 17.41 29.9 17.4 25.7 9.6 8.1 7.3 3.45 0.51 0.91 1.10 28.9 3.9 31.1 4.3 11.3 11.0 2.3 2.0 2.6 2.2 4.0 0.6 -12.0 -21.0 2.96 0.44 18.9 6.8 -1.9 -10.5 12.2 12.0 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.
  14. T e c h n i c a l TA Securities V i e w Tuesday , April 25, 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: 1,756.05 (+25.06, +1.45%) THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist : Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Break Above 1,758 to Meet Next Hurdle at 1,782 The FTSE Bursa Malaysia Lumpur Composite Index (FMB KLCI) managed to close at a fresh 23-month high last Friday, helped by renewed strength in banking stocks and oil price rebound on China’s strong 1Q GDP growth, and as geopolitical tensions over North Korea eased following a failed missile launch. The return of local institutional funds also managed to offset concerns over political uncertainties in Europe, geopolitical tensions in global hotspots and weaker US corporate earnings. For the week, the FBM KLCI recovered 25.06 points, or 1.45 percent to 1,756.05, with most of the gains contributed by banking stocks Maybank (+45sen), AMBank (+32sen), RHBBank (+24sen) and CIMB (+23sen), and gaming stocks Genting Berhad (+49sen) and Genting Malaysia (+35sen). Average daily traded volume and value were sharply reduced to 2.86 billion shares and 2.26 billion, compared with the 3.78 billion shares and RM2.31 billion average respectively the previous week, as the severe slowdown of trading momentum in small cap stocks was cushioned by bargain hunting interest on blue chips which supported the average daily traded value. Bursa Malaysia shares rebounded Monday as local funds returned to nibble after the previous week’s selloff, but sentiment stayed soft amid rising geopolitical tensions over North Korea and the Middle East. The KLCI rose 2.94 points to settle at 1,733.93, off an early low of 1,729.13 and high of 1,736.29, as gainers led losers 456 to 397 on moderate turnover of 2.88bn shares worth RM1.78bn. Blue chips extended rebound the next day as geopolitical tensions eased following North Korea’s failed missile test and as investors warmed up to China’s strong 1Q GDP growth. The KLCI ended 6.67 points up at 1,740.60, off an early low of 1,735.31 and high of 1,741.51, as gainers led losers 552 to 327 on slower turnover of 2.79bn shares worth RM2.45bn. The local market slipped back into profit-taking consolidation mode Wednesday, as political uncertainties in Europe, geopolitical tensions in global hotspots and weaker US corporate earnings dampened trading sentiment. The KLCI shed 1.65 points to close at 1,738.95, off an early high of 1,741.47 and low of 1,735.73, as losers swarmed gainers 661 to 258 on cautious trade totaling 2.85bn shares worth RM2.18bn. Blue chips recovered on mild bargain hunting interest the following day in banking stocks, and as oil prices rebounded off lows and geopolitical tensions over North Korea eased. The KLCI rose 2.66 points to settle at 1,741.61, off an early low of 1,736.4 and high of 1,743.56, as gainers led losers 498 to 368 on moderate volume totaling 2.64bn shares worth RM2.24bn. Blue chips extended gains on Friday, buoyed by strength in US and regional markets following comments from the US Treasury Secretary that suggested the Trump administration would cut taxes soon. The index climbed 14.44 points to close at a fresh 23-month high of 1,756.05, off the opening low of 1,742.23, as gainers led losers 588 to 320 on more active trade totaling 3.12bn shares worth RM2.65bn. Trading range for the blue-chip benchmark index last week expanded to 26.92 points, compared to the 13.57-point range the previous week, as keen buying interest in key banking stocks lifted the index to close at the highest since May 2015. For the week, the FBM-EMAS Page 1 of 3
  15. TA Securities 25-Apr-17 A Member of the TA Group Index added 182 .46 points or 1.48 percent to 12,490.58, while the FBM-Small Cap Index climbed 232.97 points, or 1.36 percent to 17,384.01, as small cap stocks bounced back strongly from recent profit-taking corrections. Last Friday’s strong rebound has lifted the daily slow stochastic momentum indicator for the FBM KLCI back into bullish territory (Chart 1), while the weekly indicator re-hooked upwards in the overbought zone. The 14-day Relative Strength Index (RSI) indicator climbed up sharply from a four-month low to flash a bullish reading of 63.24 as of last Friday, while the 14-week RSI also re-hooked upwards for a more positive reading of 68.40. Chart 1 On trend indicators, the signal line of the daily Moving Average Convergence Divergence (MACD) has re-hooked up and poised to trigger a buy on further strength, while the uptrend momentum on the weekly MACD indicator has regained strength (Chart 2). The +DI and -DI lines on the 14-day Directional Movement Index (DMI) trend indicator are expanding positively on an easing ADX line, which has yet to confirm a bullish reversal to uptrend mode. Chart 2 Conclusion Last Friday’s stronger-than-expected recovery triggered bullish reversals on technical momentum indicators for the benchmark index, but buying momentum will need to improve significantly to confirm and sustain this recovery. Meantime, improvement in overseas Page 2 of 3
  16. TA Securities 25-Apr-17 A Member of the TA Group markets following comments from the US Treasury Secretary that implied the Trump administration would cut taxes soon , easing of political jitters in Europe and geopolitical tensions will be crucial to support further recovery ahead. On the index, a breach above 1,758, the 23.6%FR of the 1,310 to 1,896 upswing closely matching the recent high, will meet stronger resistance at 1,782, which is the 76.4%FR of the 1,867 to 1,503 downswing, followed by 1,800 and the 18 May 2015 high of 1,823. Key uptrend supports cushioning downside will be at 1,741 and 1,729, the respective 30 and 50day moving average levels. Strategy-wise, any further rally on gaming stocks Genting Berhad and Genting Malaysia, and also banks like Maybank, AMBank, CIMB and RHBBank should encourage profit-taking to consolidate recent strong gains, as buying momentum shift to lower liner construction stocks such as Binapuri, Eco World, Mudajaya, MRCB, UEM Sunrise and WCT Holdings for recovery plays. 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
  17. COMPANY UPDATE TA Securities Tuesday , April 25, 2017 FBM KLCI: 1756.05 Sector: Healthcare A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 l Hartalega Holdings Berhad TP: RM6.05 (+21.5%) Last traded: RM4.98 Brighter Days in Sight BUY THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Wilson Loo Tel: 603-2167 9606 wilsonloo@ta.com.my Coming away from our meeting with Hartalega’s management, we emerged more sanguine on its prospects. We were reaffirmed of the group’s growth trajectory on the back of sustained progress with capacity expansion at the Next Generation Integrated Glove Manufacturing Complex in Sepang. Additionally, we took further comfort that the group has lately been responding better to volatilities in external factors and that its sustained emphasis on cost management would remain instrumental in buoying margins. Following our added optimism, we fine-tune our average selling price and margin assumptions and correspondingly upgrade our FY17/FY18/FY19 earnings estimate by 10%/14%/13% which implies earnings growth of 28%/21%/18%. And as we roll forward our base year valuation to CY18 with an unchanged PE multiple of 22.0x, we arrive at a higher TP of RM6.05/share from RM4.50/share previously. Now with a decent upside potential of 21.5%, we upgrade our recommendation on the stock from Sell to Buy. Meanwhile, in the prelude to the group’s upcoming 4QFY17 results release in early May 2017, we could anticipate core net profit to come within the range of its preceding quarter as we foresee the QoQ climb in raw material prices to offset expected sales volume growth and upward revision to average selling prices. Capacity Expansion at the NGC on Track Reaffirming sustained progress with capacity expansion at the Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang, management alluded that commissioning of new production lines thus far, has been on track. The group is currently halfway through the commissioning of Plant 3 (see Table 1) with 7 of its 12 production lines operational. Closely in line with its targeted commissioning pace of 1 line per month, we note that 4 production lines were successfully commissioned during 4QFY17. As previously guided, full commissioning of Plant 3 is expected by 3QCY17 and after that, the group will proceed with the commissioning of Plant 4 over 4QCY17 to 3QCY18. Meanwhile, as for Plant 5 and Plant 6, management reiterated that it would adopt a wait-and-see approach to avoid expanding too rapidly. Nonetheless, their commissioning remains tentatively scheduled over 2019 to 2020. All in, barring disruptions to the group’s expansion plans, we project its capacity to grow from 23.5bn gloves per annum in FY17 to 40.7bn gloves per annum by FY21, translating into a CAGR of 14.7%. s www.taonline.com.my Share Information Bloomberg Code 5168 Listing Main Market Share Cap (mn) 1,643.0 Market Cap (RMmn) 8,182.2 Par Value 0.50 52-wk Hi/Lo (RM) Plant Phase 1 Plant 1 Plant 2 Plant 3 Plant 4 Plant 5 Plant 6 6 Plants Phase 2 Phase 3 Total Capacity (gloves p.a.) 4.75bn 4.75bn 4.75bn 4.75bn 4.75bn 4.75bn 28.5bn No. of Lines 12 12 12 12 12 12 72 No. of Lines Commissioned 12 12 7 31 Commissioning Timeline Jan. 2015 – Mar. 2016 Jan. 2015 – Mar. 2016 Oct. 2016 – Sep. 2017 Oct. 2017 – Sep. 2018 2019-2020 2019-2020 2015-2020 Source: Companies, TA Securities Page 1 of 4 5.03/3.81 12-mth Avg Daily Vol ('000 shrs) 1,096.3 Estimated Free Float (%) 29.9 Beta 0.6 Major Shareholders (%) Hartalega Industries Sdn Bhd - 49.3 EPF - 7.5 Forecast Revision FY17 Forecast Revision (%) Net profit (RMmn) Consensus TA's / Consensus (%) Previous Rating FY18 10.1 14.2 328.8 398.3 281.7 338.7 116.7 117.6 Sell (Upgraded) Financial Indicators Net gearing (x) CFPS (sen) P/CFPS (x) ROAA (%) ROAE (%) NTA/Share (RM) Price/ NTA (x) FY17 FY18 0.2 19.9 25.0 15.7 20.6 1.0 4.9 0.2 26.0 19.1 16.7 22.2 1.1 4.3 HART FBM KLCI 0.4 5.7 1.0 10.7 0.6 4.3 4.7 2.4 Share Performance (%) Price Change 1 mth 3 mth 6 mth 12 mth (12-Mth) Share Price relative to the FBM KLCI Table 1: Expansion Progress at the NGC, Sepang Phase HART MK Stock Code Source: Bloomberg
  18. TA Securities 25-Apr-17 A Member of the TA Group Management Comfortable with Current Pace of Expansion At this point in time , we acknowledge that management is comfortable with its pace of expansion. While new capacity is naturally expected to be absorbed by the market’s sustained growth in demand for rubber gloves, support is also expected from active marketing efforts (i.e. trade exhibitions) to grow the group’s presence in existing and new markets. Among others, the group views Eastern and Southern Europe countries like Italy and France as greenfield markets. While the growth in demand for nitrile gloves in these countries has been robust at double digit rates in recent years, we understand that the group has relatively lower presence in these parts of the world. Figure 1: YoY Growth in Malaysia’s Latex Glove Exports Figure 2: YoY Growth in Malaysia’s Nitrile Glove Exports 60% 50% 40% 30% 20% 10% 0% -10% 20% 15% 10% 5% 0% -5% -10% -15% European Union 2012 Italy 2013 European Union France 2014 2012 2015 Source: MREPC, TA Securities Italy 2013 2014 France 2015 Source: MREPC, TA Securities Better Response to Volatilities & Cost Management Remains Instrumental We understand that the group has lately been responding better to volatilities in external factors (i.e. foreign exchange and raw material prices). This likely being the result of easing market competition as well as the group’s increased frequency of reviewing selling prices to every month from every 2 months previously as a measure of added prudence. Henceforth, while sequential margin fluctuations due to volatilities in external factors are inevitable, we opine that it would not be as severe as was observed not long ago in 4QFY16 (see Figure 3). Meanwhile, we also learned that the group’s sustained emphasis on cost management would remain instrumental in buoying margins. Exemplifying measures being undertaken, we note that the group is progressively imparting know-how in areas such as process workflow and automation from the more efficient plants at the NGC to older plants in Bestari Jaya, Selangor which today is still its key revenue contributor at about 60%. Overall, in consideration of the aforementioned, we opine that the group should deliver stronger earnings in the foreseeable term. Accordingly, we have finetuned our average selling price and margin assumptions and correspondingly, upgrade our FY17/FY18/FY19 earnings estimates by 10%/14%/13% which implies earnings growth of 28%/21%/18%. Figure 3: Hartalega’s Financial Performance Revenue (LHS) Adjusted PBT (LHS) Adjusted PBT margins (RHS) Hartalega Industry (ex-Hartalega) 35% 456 437 25% 30% 20% 25% 402 400 15% 10% 52 75 Source: Companies, TA Securities 1QFY17 2QFY17 13% 11% 10% 108 5% 5% 0% 4QFY16 24% 20% 15% 88 26% 1QFY13 2QFY13 3QFY13 4QFY13 1QFY14 2QFY14 3QFY14 4QFY14 1QFY15 2QFY15 3QFY15 4QFY15 1QFY16 2QFY16 3QFY16 4QFY16 1QFY17 2QFY17 3QFY17 RM mn' 500 450 398 400 350 300 250 200 150 90 100 50 0 3QFY16 Figure 4: Core PBT Margins – Hartalega vs Industry 3QFY17 Source: Companies, TA Securities Page 2 of 4
  19. TA Securities 25-Apr-17 A Member of the TA Group 4QFY17 : Estimated to Be Within Range of Preceding Quarter CNP For 4QFY17, we foresee the climb in raw material prices (nitrile butadiene rubber +33.5% QoQ; natural rubber latex +31.0% QoQ) to largely offset the earnings growth expected from the sustained growth in sales volume (installed capacity projected to have enlarged by 4.4% QoQ) and guided upward revisions to average selling prices (ASPs) of about 10% QoQ effected during the quarter. Our expectation is premised on our back-of-the-envelope calculations suggesting a 3.8% revision in ASPs to offset every 10% change in raw material prices which account for 38% of the group’s cost structure. In view of this, we could anticipate the group’s 4QFY17 core net profit to come within the range of its preceding quarter. Also, considering the relative stability of the Ringgit against the USD (-1.4% QoQ), we do not anticipate material forex losses. Figure 5: USD/Ringgit Figure 6: Raw Material Prices RM/kg 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 USD/MYR 4.5 4.0 3.5 3.0 Source: Bloomberg, TA Securities Source: Bloomberg, Companies, TA Securities Valuation & Recommendation We arrive at a higher TP of RM6.05/share (from RM4.50/share) upon rolling forward our base year valuation to CY18 with an unchanged PE multiple of 22.0x, closely aligned to its 5-year historical average PE. We like the group for its manufacturing capabilities, superior margins, and earnings growth prospects which we project for FY17/FY18/FY19 at 28%/21%/18%. Now with a decent upside potential of 21.5%, we upgrade the stock to Buy. Downside risks to our call includes sustaining high utilisation rates as new capacity comes along and volatile fluctuations in foreign exchange and raw material prices. Figure 7: Forward PER x 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 +1SD: 26.3x Average: 21.7x Page 3 of 4 Feb-17 Aug-16 Source: Company, TA Securities Nov-16 Feb-16 May-16 Nov-15 Aug-15 May-15 Feb-15 Aug-14 Nov-14 May-14 Feb-14 Nov-13 Aug-13 May-13 Feb-13 Aug-12 Nov-12 -1SD: 17.1x May-12 Nitrile Dec-11 Apr-12 Aug-12 Dec-12 Apr-13 Aug-13 Dec-13 Apr-14 Aug-14 Dec-14 Apr-15 Aug-15 Dec-15 Apr-16 Aug-16 Dec-16 Dec-16 Jul-16 Feb-16 Sep-15 Apr-15 Nov-14 Jun-14 Jan-14 Aug-13 Mar-13 Oct-12 May-12 Dec-11 2.5 Latex
  20. TA Securities 25-Apr-17 A Member of the TA Group P &L YE Mar 31 (RMmn) Revenue EBITDA Depreciation & amortisation Net finance cost EI PBT Taxation MI Net profit Core net profit EPS (sen) DPS (sen) Ratios YE Mar 31 (RMmn) Valuations PER Dividend yield PBV Profitability ratios ROAE ROAA EBITDA margin PBT margin PAT margin Liquidity ratios Current ratio Quick ratio Leverage ratios Total liabilities/equity Net debt/equity Int. coverage ratio Growth ratios Sales Pretax Earnings Total assets FY15 1,146.0 321.6 -45.9 1.1 0.3 276.9 -66.7 -0.5 209.7 209.4 12.8 6.4 FY16 1,498.3 386.6 -70.6 0.9 1.3 316.9 -59.1 -0.3 257.4 256.1 15.7 7.5 FY17F 1,944.4 479.0 -86.7 -0.9 0.0 391.5 -62.6 -0.1 328.8 328.8 20.0 9.0 FY18F 2,311.1 576.3 -101.1 -1.1 0.0 474.2 -75.9 -0.1 398.3 398.3 24.3 10.9 FY19F 2,664.6 673.0 -114.5 -1.2 0.0 557.3 -89.2 -0.1 468.1 468.1 28.5 12.8 FY15 FY16 FY17F FY18F FY19F 39.0 1.3 6.4 31.7 1.5 5.4 24.9 1.8 4.9 20.5 2.2 4.3 17.5 2.6 3.8 18.9 16.3 28.1 24.2 18.3 18.6 15.1 25.8 21.1 17.2 20.6 15.7 24.6 20.1 16.9 22.2 16.7 24.9 20.5 17.2 23.0 17.3 25.3 20.9 17.6 3.1 2.1 2.8 1.8 2.2 1.2 2.1 1.2 2.3 1.3 0.1 -0.1 2,540.3 0.3 0.1 839.1 0.3 0.2 435.7 0.3 0.2 452.5 0.3 0.2 471.3 3.5 -10.4 -9.9 31.1 30.7 14.4 22.7 34.6 29.8 23.5 27.7 14.2 18.9 21.1 21.1 13.6 15.3 17.5 17.5 13.2 Balance Sheet YE Mar 31 (RMmn) Fixed assets Intangible assets Others LT assets FY15 1,044.2 20.6 4.2 1,069.0 FY16 1,401.5 19.5 1.0 1,422.0 FY17F 1,614.9 19.5 1.0 1,635.4 FY18F 1,813.8 19.5 1.0 1,834.3 FY19F 1,999.3 19.5 1.0 2,019.8 120.2 197.6 70.5 0.2 388.4 201.5 239.0 84.4 14.1 539.1 261.5 310.2 18.0 14.1 603.8 310.9 368.7 15.4 14.1 709.1 358.4 425.1 61.8 14.1 859.4 1,457.5 1,961.1 2,239.2 2,543.4 2,879.2 108.3 6.1 12.6 127.0 147.4 42.4 0.8 190.7 188.4 91.3 0.8 280.5 222.9 106.4 0.8 330.1 255.7 120.1 0.8 376.6 0.3 59.5 59.8 205.6 60.8 266.4 213.0 60.8 273.8 248.4 60.8 309.2 280.2 60.8 341.0 Share capital Reserves Shareholders' funds MI 400.8 868.2 1,269.0 1.7 820.5 681.4 1,501.9 2.1 820.5 862.2 1,682.8 2.1 820.5 1,081.3 1,901.8 2.2 820.5 1,338.7 2,159.3 2.3 Total liabilities and equity 1,457.5 1,961.1 2,239.2 2,543.4 2,879.2 FY15 276.9 45.9 -1.1 -2.5 -47.3 -69.6 0.0 0.0 202.2 FY16 316.9 70.6 -0.9 -3.0 -79.8 -64.3 0.0 0.0 239.5 FY17F 391.5 86.7 0.9 0.0 -90.1 -62.6 0.0 0.0 326.3 FY18F 474.2 101.1 1.1 0.0 -73.4 -75.9 0.0 0.0 427.1 FY19F 557.3 114.5 1.2 0.0 -71.1 -89.2 0.0 0.0 512.7 Capex Others Investing cash flow -422.7 9.2 -413.5 -424.7 1.3 -423.4 -300.0 0.0 -300.0 -300.0 0.0 -300.0 -300.0 0.0 -300.0 Net share issue Dividend paid Net change in debts Interest paid Others Financial cash flow 220.1 -105.0 1.6 -0.1 -5.4 111.2 78.8 -122.9 242.6 -1.3 0.7 197.8 0.0 -147.9 56.2 -0.9 0.0 -92.6 0.0 -179.2 50.6 -1.1 0.0 -129.7 0.0 -210.6 45.5 -1.2 0.0 -166.3 Net cash flow Opening cash flow Forex Closing cash flow -100.0 170.6 0.0 70.5 13.9 70.5 0.0 84.4 -66.4 84.4 0.0 18.0 -2.6 18.0 0.0 15.4 46.4 15.4 0.0 61.8 Inventories Trade receivables Cash Others Current assets Total assets Trade payables ST borrowings Others Current liabilities LT borrowings Others LT liabilities Cash Flow YE Mar 31 (RMmn) PBT Depreciation and amortisation Net interest Other non-cash Changes in WC Tax paid Interest received Others Operational cash flow 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 4 of 4
  21. 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
  22. TA Securities T e c h n i c a l V i e w Tuesday , April 25, 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 GENTING Upper Middle Lower BOLLINGER BANDS RM RM RM DMI Recent Signal Signal Change RM9.74 9.84 9.51 9.18 BUY SIMPLE MOVING AVERAGES RM 9.46 RM 9.57 RM 9.35 DAILY MACD Recent Signal BUY Signal Change 10-day 30-day 50-day IOI CORP X Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS RM RM RM DMI www.taonline.com.my RM4.54 4.76 4.57 4.37 SELL SIMPLE MOVING AVERAGES RM 4.48 RM 4.61 RM 4.64 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 1 of 8
  23. BINA PURI Upper Middle Lower BOLLINGER BANDS RM RM RM DMI Recent Signal Signal Change RM0 .44 0.46 0.44 0.43 BUY SIMPLE MOVING AVERAGES RM 0.45 RM 0.45 RM 0.45 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day ECO WORLD Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS RM RM RM DMI RM1.52 1.56 1.51 1.46 BUY SIMPLE MOVING AVERAGES RM 1.50 RM 1.51 RM 1.51 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 2 of 8
  24. MUDAJAYA Upper Middle Lower BOLLINGER BANDS RM RM RM DMI Recent Signal Signal Change RM1 .09 1.21 1.07 0.93 BUY SIMPLE MOVING AVERAGES RM 1.08 RM 1.03 RM 0.97 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day MRCB Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS RM RM RM DMI RM1.58 1.80 1.68 1.56 10-day 30-day 50-day SELL Recent Signal Signal Change Page 3 of 8 SIMPLE MOVING AVERAGES RM 1.65 RM 1.64 RM 1.57 DAILY MACD SELL
  25. UEM SUNRISE Upper Middle Lower BOLLINGER BANDS RM RM RM DMI Recent Signal Signal Change RM1 .24 1.31 1.25 1.19 BUY BUY SIMPLE MOVING AVERAGES RM 1.23 RM 1.26 RM 1.22 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day WCT HLGS Upper Middle Lower Recent Signal Signal Change BOLLINGER BANDS RM RM RM DMI RM2.06 2.16 2.00 1.84 BUY SIMPLE MOVING AVERAGES RM 2.02 RM 1.95 RM 1.93 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 4 of 8
  26. 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 21-Apr 1756 .05 2.90 4.05 5.17 5.06 5.61 5.17 5.13 9.74 5.98 6.08 4.54 1.22 6.44 9.40 1.29 5.30 9.27 13.74 6.48 3.99 3.24 0.40 0.76 0.44 4.47 1.80 1.52 1.27 1.67 3.05 2.22 1.33 1.09 1.58 1.55 1.96 1.86 1.24 0.90 2.06 Change 14.44 0.05 0.05 0.14 -0.01 0.11 0.02 0.03 0.04 0.39 0.06 0.01 0.00 0.05 0.32 0.01 0.02 0.01 -0.06 0.02 -0.05 0.02 0.00 0.01 0.00 0.01 0.00 0.03 0.03 0.02 0.00 0.00 -0.01 -0.01 0.01 0.02 0.01 0.01 0.00 0.01 0.02 Bollinger Bands RSI Moving Averages DMI Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff 1,756.05 1,756.05 1,729.66 1,743.43 1,757.20 63.24 1,739.98 1,741.56 1,728.94 32.17 15.79 24.67 16.38 High 2.90 4.07 5.21 5.07 5.65 5.17 5.15 9.79 5.98 6.12 4.57 1.24 6.44 9.43 1.34 5.31 9.28 13.78 6.49 4.07 3.26 0.41 0.76 0.45 4.50 1.81 1.54 1.28 1.67 3.12 2.22 1.34 1.14 1.61 1.56 1.98 1.89 1.27 0.90 2.08 Low 2.82 4.01 5.00 5.02 5.53 5.14 5.10 9.67 5.59 6.03 4.52 1.21 6.39 9.09 1.25 5.23 9.23 13.68 6.45 3.97 3.19 0.40 0.75 0.44 4.45 1.79 1.50 1.25 1.65 3.05 2.21 1.33 1.09 1.56 1.53 1.94 1.86 1.23 0.89 2.04 2.78 3.93 4.67 4.96 5.37 5.06 5.05 9.18 5.35 5.97 4.37 1.18 6.36 8.81 1.15 5.05 9.21 13.68 6.34 3.96 2.95 0.39 0.72 0.43 4.19 1.70 1.46 1.23 1.65 2.55 2.19 1.21 0.93 1.56 1.47 1.81 1.75 1.19 0.87 1.84 2.85 4.05 4.87 5.07 5.51 5.12 5.18 9.51 5.59 6.02 4.57 1.23 6.42 9.01 1.24 5.20 9.31 13.73 6.41 4.05 3.09 0.40 0.77 0.44 4.32 1.79 1.51 1.28 1.67 2.91 2.23 1.31 1.07 1.68 1.55 1.96 1.82 1.25 0.89 2.00 2.91 4.17 5.07 5.18 5.66 5.18 5.31 9.84 5.83 6.07 4.76 1.28 6.48 9.20 1.33 5.34 9.41 13.78 6.48 4.15 3.23 0.41 0.82 0.46 4.45 1.88 1.56 1.33 1.70 3.27 2.27 1.40 1.21 1.80 1.63 2.11 1.89 1.31 0.91 2.16 64.22 52.78 70.87 53.55 64.12 65.94 49.74 60.65 68.20 58.18 46.94 49.20 55.21 81.44 63.06 59.97 50.38 52.66 67.98 45.54 69.68 52.01 49.74 45.50 69.78 56.53 52.84 51.09 47.76 67.12 49.33 56.74 57.50 42.25 48.25 50.96 64.46 50.49 54.14 60.85 2.84 4.00 4.93 5.09 5.47 5.12 5.13 9.46 5.61 6.04 4.48 1.23 6.41 9.05 1.21 5.16 9.29 13.73 6.41 4.04 3.11 0.40 0.78 0.45 4.36 1.81 1.50 1.28 1.67 3.00 2.24 1.35 1.08 1.65 1.57 2.01 1.85 1.23 0.89 2.02 2.86 4.05 4.87 5.01 5.53 5.13 5.16 9.57 5.55 6.00 4.61 1.21 6.41 8.97 1.23 5.22 9.30 13.73 6.39 4.01 3.02 0.40 0.76 0.45 4.29 1.75 1.51 1.28 1.68 2.83 2.22 1.29 1.03 1.64 1.55 1.93 1.80 1.26 0.89 1.95 2.76 4.01 4.81 4.89 5.39 5.10 5.07 9.35 5.42 6.02 4.64 1.21 6.40 8.81 1.20 5.16 9.23 13.67 6.31 4.02 2.89 0.40 0.74 0.45 4.26 1.70 1.51 1.22 1.69 2.22 2.21 1.29 0.97 1.57 1.57 1.92 1.77 1.22 0.89 1.93 27.33 22.94 35.82 23.84 30.86 20.22 22.89 30.45 34.30 29.79 21.77 18.01 13.92 47.06 37.25 23.81 14.59 18.90 26.46 20.26 29.91 12.74 22.00 23.26 28.61 24.95 21.15 26.82 17.37 36.30 22.76 30.01 38.13 20.40 25.52 24.08 26.12 20.39 28.87 27.51 16.98 19.12 12.86 18.51 18.52 15.05 18.45 13.63 11.26 15.39 23.62 14.88 14.07 10.37 18.05 20.24 22.59 19.14 14.24 20.49 9.66 10.85 20.02 15.62 16.29 14.93 13.62 24.22 27.02 17.40 17.92 23.02 18.07 20.83 18.23 22.25 9.34 16.58 17.51 20.30 26.97 20.01 20.40 20.67 22.34 15.11 13.78 30.44 27.99 15.99 20.44 23.25 8.19 22.21 28.67 16.84 12.77 13.34 25.29 16.65 34.09 13.99 26.41 24.27 14.85 38.06 25.36 31.04 18.49 46.24 19.92 24.62 38.71 40.73 21.53 18.69 32.58 25.39 23.36 16.91 10.35 3.82 22.96 5.33 12.34 5.17 4.44 16.83 23.04 14.40 (1.85) 3.13 (0.15) 36.70 19.20 3.57 (8.00) (0.24) 12.22 (0.23) 20.25 1.89 7.63 12.32 10.02 10.02 7.53 2.59 (9.65) 18.90 4.85 6.99 20.06 (0.43) 7.29 1.83 16.78 3.81 11.36 7.21 Line 4.67 0.02 0.00 0.06 0.05 0.02 0.01 0.01 0.06 0.08 0.01 -0.05 0.00 0.01 0.09 0.01 0.01 0.01 0.01 0.04 0.00 0.08 0.00 0.01 0.00 0.05 0.03 0.00 0.01 -0.01 0.22 0.01 0.02 0.03 0.01 0.00 0.02 0.03 0.00 0.00 0.04 MACD Signal Diff 4.42 0.255 0.02 0.00 0.04 0.06 0.03 0.01 0.02 0.04 0.07 0.00 -0.04 0.00 0.01 0.08 0.01 0.00 0.03 0.01 0.04 0.01 0.08 0.00 0.01 0.00 0.04 0.04 0.00 0.02 -0.01 0.26 0.01 0.02 0.04 0.03 0.00 0.03 0.03 0.01 0.00 0.04 (0.007) (0.007) 0.023 (0.013) (0.006) 0.004 (0.014) 0.015 0.017 0.006 (0.002) (0.001) (0.001) 0.016 0.000 0.003 (0.017) 0.000 0.002 (0.006) 0.006 0.001 (0.006) (0.001) 0.013 (0.006) (0.001) (0.009) (0.002) (0.041) (0.004) 0.002 (0.008) (0.024) (0.004) (0.009) 0.000 (0.006) (0.001) (0.001) DMI MACD DMI MACD Recent Signal Signal Change BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY SELL BUY SELL BUY BUY BUY SELL SELL BUY SELL BUY BUY BUY BUY BUY BUY BUY BUY SELL BUY BUY BUY BUY SELL BUY BUY BUY BUY BUY BUY SELL SELL BUY SELL SELL BUY SELL BUY BUY BUY SELL SELL SELL BUY BUY BUY SELL BUY BUY SELL BUY BUY SELL SELL BUY SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL BUY SELL SELL SELL BUY SELL BUY BUY BUY - BUY BUY BUY BUY - 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
  27. LIST OF RECOMMENDED BUY STOCKS FROM DEC 2016 TO CURRENT Stock AIRASIA AIRASIA AIRASIA AIRASIA X * AIRASIA X* AIRASIA X* ALLIANCE AMMB AXIATA AXIATA BINA PURI BINA PURI BINA PURI BINA PURI BINA PURI 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 ECO WORLD GADANG* GADANG* GADANG* GADANG* GAMUDA GAMUDA GENM GENTING GENTING HOCK SENG LEE HOCK SENG LEE HOCK SENG LEE HOCK SENG LEE IHH HEALTHCARE IOI CORP IOI CORP ISKANDAR ISKANDAR ISKANDAR KIMLUN CORP KIMLUN CORP KIMLUN CORP KKB ENGINEERING MALAKOFF MALAKOFF MALAKOFF MAYBANK MBSB MBSB MRCB MRCB MRCB MUDAJAYA MUDAJAYA MUDAJAYA MUDAJAYA MUDAJAYA MUDAJAYA NAIM NAIM NAIM RHBBANK SAPURAENERGY SAPURAENERGY SAPURAENERGY SAPURAENERGY SAPURAENERGY SIME DARBY 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 WCT HLGS WESTPORTS WESTPORTS WESTPORTS REC Date 15-Dec 12-Jan 8-Mar 15-Dec 12-Jan 8-Mar 11-Apr 14-Apr 6-Dec 30-Dec 22-Dec 6-Jan 26-Jan 9-Mar 20-Apr 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 20-Apr 23-Dec 19-Jan 27-Jan 5-Apr 9-Dec 7-Apr 29-Dec 29-Dec 19-Apr 8-Dec 6-Jan 16-Feb 16-Mar 25-Jan 12-Apr 19-Apr 16-Dec 4-Jan 2-Feb 8-Dec 10-Feb 15-Mar 10-Feb 23-Dec 24-Jan 24-Mar 28-Dec 16-Dec 11-Apr 14-Dec 21-Mar 18-Apr 2-Dec 22-Dec 20-Jan 15-Mar 5-Apr 21-Apr 21-Dec 20-Jan 10-Mar 28-Dec 13-Jan 7-Feb 3-Mar 17-Mar 6-Apr 12-Apr 7-Dec 27-Jan 16-Feb 16-Mar 6-Dec 20-Dec 30-Dec 25-Jan 13-Apr 14-Dec 21-Mar 7-Apr 18-Apr 17-Feb 22-Mar 7-Dec 21-Dec 2-Feb 21-Apr 20-Dec 24-Jan 24-Mar BUY Price 2.52 2.38 2.75 0.38 0.39 0.40 4.03 4.90 4.28 4.57 0.42 0.45 0.43 0.44 0.44 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 1.53 1.00 1.06 1.07 1.32 4.82 5.17 4.57 7.97 9.49 1.62 1.66 1.72 1.70 6.42 4.50 4.45 0.82 0.83 0.90 2.08 2.18 2.20 1.37 1.40 1.30 1.17 7.75 0.91 1.22 1.37 1.52 1.67 0.77 0.94 0.87 0.90 1.10 1.10 1.50 1.61 1.53 4.64 1.70 1.85 1.95 1.88 2.02 9.32 1.62 1.72 1.72 1.72 14.02 5.95 6.06 6.13 6.39 1.10 1.26 1.29 1.20 0.93 0.90 1.77 1.78 1.83 2.04 4.30 4.18 3.99 21-Apr-17 Price 3.24 3.24 3.24 0.40 0.40 0.40 4.05 5.19 5.06 5.06 0.45 0.45 0.45 0.45 0.45 0.76 0.76 0.76 0.76 0.76 5.63 5.63 4.48 4.48 4.48 1.81 1.81 1.81 1.81 5.16 1.53 1.53 1.53 1.53 1.26 1.26 1.26 1.26 5.14 5.14 5.93 9.71 9.71 1.67 1.67 1.67 1.67 6.08 4.55 4.55 3.06 3.06 3.06 2.22 2.22 2.22 1.33 1.22 1.22 1.22 9.41 1.30 1.30 1.59 1.59 1.59 1.09 1.09 1.09 1.09 1.09 1.09 1.55 1.55 1.55 5.30 1.96 1.96 1.96 1.96 1.96 9.28 1.88 1.88 1.88 1.88 13.74 6.48 6.48 6.48 6.48 1.24 1.24 1.24 1.24 0.90 0.90 2.07 2.07 2.07 2.07 4.01 4.01 4.01 Change (+/-) 0.72 0.86 0.49 0.02 0.01 (0.01) 0.02 0.29 0.78 0.49 0.03 (0.01) 0.02 0.01 0.01 0.10 0.13 0.13 0.03 (0.06) 0.99 0.25 0.71 0.36 0.29 0.27 0.21 0.13 0.10 0.06 0.17 0.12 (0.02) 0.00 0.26 0.20 0.19 (0.06) 0.32 (0.03) 1.36 1.74 0.22 0.05 0.01 (0.05) (0.03) (0.34) 0.05 0.10 2.24 2.24 2.16 0.14 0.04 0.02 (0.04) (0.18) (0.08) 0.05 1.66 0.39 0.08 0.22 0.07 (0.08) 0.32 0.16 0.22 0.19 (0.01) (0.01) 0.05 (0.06) 0.02 0.66 0.26 0.11 0.01 0.08 (0.06) (0.04) 0.26 0.16 0.16 0.16 (0.28) 0.53 0.42 0.35 0.09 0.14 (0.02) (0.05) 0.04 (0.04) (0.01) 0.30 0.29 0.24 0.03 (0.29) (0.17) 0.02 ST % 28.57 36.13 17.82 3.95 2.60 (1.25) 0.50 5.92 18.22 10.72 7.23 (1.11) 3.49 1.14 1.14 14.39 19.84 20.80 4.14 (7.36) 21.34 4.65 18.83 8.74 6.92 17.53 13.13 7.74 5.85 1.18 12.50 8.51 (1.29) 0.00 26.00 18.87 17.76 (4.55) 6.64 (0.58) 29.76 21.83 2.32 3.09 0.60 (2.91) (1.76) (5.30) 1.11 2.25 273.17 270.91 240.00 6.73 1.83 0.91 (2.92) (12.86) (6.15) 4.27 21.42 42.86 6.56 16.06 4.61 (4.79) 41.56 16.58 25.29 21.11 (0.91) (0.91) 3.33 (3.73) 1.31 14.22 15.29 5.95 0.51 4.26 (2.97) (0.43) 16.05 9.30 9.30 9.30 (2.00) 8.91 6.93 5.71 1.41 12.73 (1.59) (3.88) 3.33 (3.76) (0.56) 16.95 16.29 13.11 1.47 (6.74) (4.07) 0.50 Upside Targets ** MT 3.60 3.60 3.60 0.50 0.50 0.50 4.68 5.49 5.48 5.48 0.53 0.53 0.53 0.53 0.53 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 1.75 1.48 1.48 1.48 1.48 5.74 5.74 6.39 10.47 10.47 1.88 1.88 1.88 1.88 6.44 5.04 5.04 3.41 3.41 3.41 2.54 2.54 2.54 1.51 1.47 1.47 1.47 9.86 1.48 1.48 1.89 1.89 1.89 1.28 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 10.22 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 2.32 4.36 4.36 4.36 3.30 3.30 3.30 0.44 0.44 0.44 4.37 5.32 5.16 5.16 0.49 0.49 0.49 0.49 0.49 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 1.64 1.35 1.35 1.35 1.35 5.36 5.36 6.10 9.90 9.90 1.81 1.81 1.81 1.81 6.23 4.90 4.90 3.20 3.20 3.20 2.40 2.40 2.40 1.41 1.39 1.39 1.39 9.60 1.33 1.33 1.83 1.83 1.83 1.17 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 9.55 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 2.19 4.22 4.22 4.22 LT 3.90 3.90 3.90 0.55 0.55 0.55 4.87 5.62 5.80 5.80 0.57 0.57 0.57 0.57 0.57 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 1.88 1.56 1.56 1.56 1.56 5.97 5.97 6.70 10.82 10.82 1.94 1.94 1.94 1.94 6.60 5.36 5.36 3.71 3.71 3.71 2.68 2.68 2.68 1.60 1.55 1.55 1.55 10.06 1.60 1.60 1.97 1.97 1.97 1.45 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 10.64 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 2.42 4.59 4.59 4.59 ST 1.85 1.85 1.85 11.39 11.39 11.39 7.90 2.50 1.98 1.98 10.11 10.11 10.11 10.11 10.11 16.56 16.56 16.56 16.56 16.56 3.73 3.73 2.23 2.23 2.23 3.87 3.87 3.87 3.87 1.94 7.19 7.19 7.19 7.19 7.14 7.14 7.14 7.14 4.28 4.28 2.87 1.96 1.96 8.38 8.38 8.38 8.38 2.47 7.69 7.69 4.58 4.58 4.58 8.11 8.11 8.11 6.02 13.93 13.93 13.93 2.02 2.31 2.31 15.09 15.09 15.09 7.34 7.34 7.34 7.34 7.34 7.34 8.39 8.39 8.39 3.77 6.12 6.12 6.12 6.12 6.12 2.91 6.38 6.38 6.38 6.38 2.04 1.23 1.23 1.23 1.23 10.48 10.48 10.48 10.48 6.15 6.15 5.80 5.80 5.80 5.80 5.24 5.24 5.24 % Upside MT 11.11 11.11 11.11 26.58 26.58 26.58 15.56 5.78 8.30 8.30 19.10 19.10 19.10 19.10 19.10 28.48 28.48 28.48 28.48 28.48 6.57 6.57 9.82 9.82 9.82 8.29 8.29 8.29 8.29 6.40 14.38 14.38 14.38 14.38 17.46 17.46 17.46 17.46 11.67 11.67 7.76 7.83 7.83 12.57 12.57 12.57 12.57 5.92 10.77 10.77 11.44 11.44 11.44 14.41 14.41 14.41 13.53 20.49 20.49 20.49 4.78 13.85 13.85 18.87 18.87 18.87 17.43 17.43 17.43 17.43 17.43 17.43 21.29 21.29 21.29 7.36 15.82 15.82 15.82 15.82 15.82 10.13 13.30 13.30 13.30 13.30 4.51 4.94 4.94 4.94 4.94 22.58 22.58 22.58 22.58 16.20 16.20 12.08 12.08 12.08 12.08 8.73 8.73 8.73 LT 20.37 20.37 20.37 39.24 39.24 39.24 20.25 8.29 14.62 14.62 28.09 28.09 28.09 28.09 28.09 48.34 48.34 48.34 48.34 48.34 9.95 9.95 18.97 18.97 18.97 18.78 18.78 18.78 18.78 13.37 22.88 22.88 22.88 22.88 23.81 23.81 23.81 23.81 16.15 16.15 12.98 11.43 11.43 16.17 16.17 16.17 16.17 8.55 17.80 17.80 21.24 21.24 21.24 20.72 20.72 20.72 20.30 27.05 27.05 27.05 6.91 23.08 23.08 23.90 23.90 23.90 33.03 33.03 33.03 33.03 33.03 33.03 31.61 31.61 31.61 10.38 27.55 27.55 27.55 27.55 27.55 14.66 18.09 18.09 18.09 18.09 8.44 8.49 8.49 8.49 8.49 29.03 29.03 29.03 29.03 27.37 27.37 16.91 16.91 16.91 16.91 14.46 14.46 14.46 GADANG* - Share price adjusted for 1:4 Bonus Issue Total funds invested * Total unrealised profit/(loss) Return 264,605 24,830 9.38% 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 December 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
  28. Daily Money Flow of Technical Stock Picks 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 31 32 33 34 35 36 37 38 39 40 Name Tel: +603-2167 9607 Total Money Flow (RM'mn) stsoo@ta.com.my (A) Total 5D MF Prv. Chg (B) Cur. Chg www.taonline.com.my CLOSING PRICE 17-Apr 18-Apr 19-Apr 20-Apr 21-Apr Chg (A+B) DMF 17-Apr 18-Apr 19-Apr 20-Apr 21-Apr FBMKLCI (2.3) (38.1) (40.5) 4.3 (0.7) (77.4) 44.8 (5.0) 1,734 1,741 1,739 1,742 1,756 14.44 IN 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 (0.0) 0.0 (1.9) 1.2 1.6 (0.1) 1.8 0.4 (1.4) 4.8 1.0 (0.1) 0.1 0.2 (0.2) 0.0 (1.1) 3.0 (2.7) 0.2 0.0 (0.1) (0.1) 0.0 (0.2) (0.3) 0.0 0.1 0.0 0.1 0.0 0.0 0.0 (0.7) (0.0) (0.5) (0.0) 0.2 0.0 (0.1) 0.0 0.0 0.2 0.3 (0.4) (1.4) (0.2) (0.6) (0.3) (2.1) 0.2 0.3 (0.1) (9.9) 0.3 (0.2) (0.2) (4.1) (0.2) (0.7) (2.8) 0.2 0.2 (0.0) (0.2) (2.6) (1.2) (0.0) 0.0 (0.1) 0.0 0.0 (0.0) 0.2 (0.1) 0.1 0.1 (0.8) 0.0 (0.4) 0.0 (0.2) (1.0) (0.4) (1.0) (0.7) 0.3 (0.2) 0.7 2.5 0.2 0.5 (6.8) (7.4) (0.3) (0.6) (1.8) (11.4) (1.1) 0.2 (2.0) 0.0 0.0 (0.0) (0.5) (0.4) (0.5) (0.1) 0.0 (0.5) 0.0 (0.0) (0.0) 0.1 (0.0) (0.0) (0.1) (0.1) (0.0) (0.1) 0.1 0.2 0.4 0.1 0.6 (1.2) 1.2 0.9 16.5 (0.1) (0.4) 0.7 (1.4) (0.8) 0.0 (0.2) 0.6 0.3 (3.3) 0.0 (4.2) 0.1 (0.2) 0.0 (0.6) (0.1) (0.0) (0.0) 0.0 0.2 (0.0) 0.0 0.0 (1.1) 0.0 (0.9) 0.0 0.1 0.0 (0.4) 0.8 (0.0) 1.5 (0.1) (2.7) (0.7) 0.1 1.7 0.0 3.1 (1.0) (0.0) (0.0) (11.4) (2.0) (0.3) 0.5 8.2 0.7 0.1 (4.0) 0.0 (0.1) (0.0) (0.1) (3.0) (0.1) (0.2) 0.0 (1.7) 0.0 (0.0) 0.0 0.8 0.0 0.2 (0.0) (0.2) 0.0 (0.0) 0.9 0.0 (0.9) 1.1 (1.9) (4.1) 3.1 2.2 15.5 8.2 (0.0) 1.3 (8.2) (29.2) (2.1) (1.2) (2.0) (4.0) (6.6) (0.3) (13.0) 0.3 (0.1) (0.0) (1.5) (6.4) (1.8) (0.2) 0.0 (1.8) 0.1 (0.0) 0.0 (0.7) (0.1) (1.1) (0.0) (0.7) 0.1 (0.9) 0.1 0.4 1.3 0.5 1.6 (0.5) 0.9 1.0 15.8 (2.6) (0.7) 0.2 5.4 6.6 0.3 0.5 2.5 11.7 (2.2) (0.2) (2.3) 0.1 (0.2) 0.0 (0.1) 0.2 0.4 0.1 (0.0) 0.7 (0.0) 0.0 0.0 (1.2) 0.0 (0.9) 0.1 0.2 0.1 (0.3) 0.6 (0.2) 1.2 (0.2) (3.3) 0.5 (1.0) 0.8 (16.4) 3.2 (0.5) (0.7) 1.4 (10.6) (2.0) (0.2) (0.1) 7.9 4.0 0.1 0.2 (0.1) 0.1 (0.0) 0.5 (2.9) (0.1) (0.2) 0.0 (1.9) 0.0 (0.0) 0.0 1.9 0.0 1.1 (0.0) (0.3) (0.0) 0.4 2.78 3.96 4.88 5.08 5.45 5.10 5.10 9.26 5.50 6.04 4.42 1.22 6.43 9.02 1.19 5.10 9.28 13.70 6.42 4.38 3.04 0.40 0.78 0.45 4.30 1.78 1.48 1.29 1.66 2.96 2.25 1.33 1.05 1.67 1.56 1.97 1.84 1.20 0.89 2.01 2.80 4.00 4.93 5.09 5.48 5.14 5.20 9.49 5.56 6.04 4.45 1.20 6.46 9.04 1.19 5.12 9.28 13.72 6.45 4.38 3.13 0.39 0.79 0.45 4.35 1.82 1.51 1.29 1.66 3.10 2.22 1.34 1.06 1.63 1.54 1.99 1.85 1.24 0.89 2.06 2.82 4.03 4.93 5.05 5.48 5.14 5.14 9.70 5.65 6.00 4.50 1.21 6.44 9.05 1.18 5.12 9.25 13.72 6.45 4.38 3.20 0.40 0.77 0.44 4.40 1.81 1.53 1.27 1.66 3.01 2.22 1.33 1.03 1.60 1.52 1.96 1.84 1.23 0.89 2.05 2.85 4.00 5.03 5.07 5.50 5.15 5.10 9.70 5.59 6.02 4.53 1.22 6.39 9.08 1.28 5.28 9.26 13.80 6.46 4.38 3.22 0.40 0.75 0.44 4.46 1.80 1.49 1.24 1.65 3.05 2.22 1.34 1.10 1.57 1.53 1.95 1.85 1.24 0.89 2.04 2.90 4.05 5.17 5.06 5.61 5.17 5.13 9.74 5.98 6.08 4.54 1.22 6.44 9.40 1.29 5.30 9.27 13.74 6.48 4.38 3.24 0.40 0.76 0.44 4.47 1.80 1.52 1.27 1.67 3.05 2.22 1.33 1.09 1.58 1.55 1.96 1.86 1.24 0.90 2.06 0.05 0.05 0.14 (0.01) 0.11 0.02 0.03 0.04 0.39 0.06 0.01 0.00 0.05 0.32 0.01 0.02 0.01 (0.06) 0.02 0.00 0.02 0.00 0.01 0.00 0.01 0.00 0.03 0.03 0.02 0.00 0.00 (0.01) (0.01) 0.01 0.02 0.01 0.01 0.00 0.01 0.02 IN IN IN IN OUT OUT OUT IN OUT IN OUT OUT IN OUT OUT IN IN IN IN OUT OUT OUT OUT OUT IN OUT IN OUT IN OUT IN OUT IN IN IN IN IN 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 7 of 8
  29. 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 17-Apr (2.3) (1.9) 0.1 1.2 (0.1) 1.6 (0.1) 0.2 0.4 (1.4) (0.0) (0.1) 4.8 1.0 (1.1) 0.2 0.1 0.3 (2.0) (3.5) 0.5 0.2 (1.2) 0.0 0.4 (1.1) (2.7) 3.0 (1.3) 0.0 0.4 Tel: +603-2167 9607 Total Money Flow (RM'mn) 18-Apr 19-Apr 20-Apr (38.1) (40.5) 4.3 0.2 (1.0) 0.4 0.0 0.0 0.0 (0.4) 0.1 0.3 (0.1) (0.2) (0.4) (0.4) (1.0) 0.6 (1.4) (0.7) (0.6) (0.3) (0.3) (0.0) (2.1) 0.2 (0.6) (9.9) (0.1) (0.9) (6.7) (1.7) (2.2) 0.1 (5.8) (0.2) 0.2 (0.2) (0.2) (4.1) (1.2) (0.1) 0.4 (0.7) 0.2 (0.2) 0.7 (2.5) (0.0) 2.5 0.2 2.8 (7.4) (6.8) (0.4) (3.7) (1.6) 0.3 (4.0) (1.5) (0.6) (0.2) (1.8) (1.1) (11.4) (1.0) 0.3 (0.1) (1.2) 0.0 0.9 16.5 (0.8) (0.0) (0.1) (0.4) (1.7) (0.8) (1.4) 1.3 (0.8) (0.3) (0.8) (1.2) (2.6) (0.2) (1.0) 0.6 (3.3) 0.3 (0.1) (0.1) 0.4 21-Apr (0.7) 1.5 0.9 (0.1) 6.5 (2.7) (0.7) 0.1 1.7 0.0 (0.7) (0.1) 3.1 (1.0) 0.5 (11.4) (0.0) (0.6) (4.1) (0.5) (1.8) 8.0 (7.9) (0.3) (0.1) 0.5 0.7 8.2 (0.2) (0.6) 0.4 stsoo@ta.com.my Total 5D MF (77.4) (0.9) 1.2 1.1 5.8 (1.9) (4.1) (0.3) 2.2 15.5 (4.3) (0.2) 8.2 (0.0) 0.1 (29.2) (8.2) (0.4) (17.3) (7.5) (3.9) 3.1 (19.0) (1.2) (0.7) (2.0) (6.6) (4.0) (3.7) (0.5) 1.5 (A) Prv. Chg 44.8 1.3 (0.0) 0.5 (0.2) 1.6 (0.5) (0.2) 1.0 15.8 1.7 (0.0) (2.6) (0.7) (4.5) 6.6 5.4 1.8 3.0 1.3 (1.1) 2.8 (1.1) 0.5 (0.8) 2.5 (2.2) 11.7 0.9 (0.3) 0.5 (B) Cur. Chg (5.0) 1.2 0.9 (0.2) 6.9 (3.3) 0.5 0.1 0.8 (16.4) 0.1 (0.0) 3.2 (0.5) 2.2 (10.6) 1.4 (2.0) (3.4) (0.3) (1.0) 9.2 (5.3) (0.2) 0.9 (0.1) 4.0 7.9 (0.2) (0.5) 0.0 17-Apr 1,734 4.88 2.67 5.08 47.00 5.45 18-Apr 1,741 4.93 2.69 5.09 47.42 5.48 5.10 4.09 9.26 5.50 13.68 16.22 6.04 4.42 23.98 9.02 6.43 7.33 7.59 24.00 19.28 16.78 19.92 5.10 3.47 9.28 6.42 13.70 7.81 8.84 1.50 5.14 4.10 9.49 5.56 13.70 16.22 6.04 4.45 24.14 9.04 6.46 7.33 7.60 24.08 19.30 16.94 19.92 5.12 3.48 9.28 6.45 13.72 7.81 8.90 1.49 www.taonline.com.my CLOSING PRICE 19-Apr 20-Apr 1,739 1,742 4.93 5.03 2.68 2.73 5.05 5.07 47.02 47.06 5.48 5.50 5.14 3.99 9.70 5.65 13.70 16.06 6.00 4.50 24.16 9.05 6.44 7.31 7.58 24.08 18.70 16.84 19.92 5.12 3.46 9.25 6.45 13.72 7.81 8.84 1.48 5.15 4.04 9.70 5.59 13.70 16.18 6.02 4.53 24.22 9.08 6.39 7.30 7.52 24.00 18.34 16.90 19.92 5.28 3.49 9.26 6.46 13.80 7.81 8.85 1.47 21-Apr 1,756 5.17 2.72 5.06 46.52 5.61 5.17 3.99 9.74 5.98 13.74 16.00 6.08 4.54 24.32 9.40 6.44 7.31 7.55 24.00 18.40 16.90 19.96 5.30 3.50 9.27 6.48 13.74 7.81 8.86 1.46 Chg 14.44 0.14 (0.01) (0.01) (0.54) 0.11 0.02 (0.05) 0.04 0.39 0.04 (0.18) 0.06 0.01 0.10 0.32 0.05 0.01 0.03 0.00 0.06 0.00 0.04 0.02 0.01 0.01 0.02 (0.06) 0.00 0.01 (0.01) (A+B) DMF IN IN IN IN IN OUT OUT OUT IN OUT IN OUT IN OUT OUT OUT IN OUT OUT IN OUT IN OUT IN IN IN IN IN IN OUT IN (RM'mn) Daily Trading Participation INFLOW 14.2 1.4 7.0 21.1 32.1 75.9 OUTFLOW (16.6) (2.4) (39.4) (38.1) (47.6) (40.6) (16.9) 4.2 (32.8) (0.7) (153.3) (77.5) 17 (13) 7 (23) 8 (22) 11 (19) 13 (17) NET FLOW COMPANIES INFLOW OUTFLOW Date Retail Institution Foreign Total 17-Apr 18-Apr 19-Apr 20-Apr 21-Apr 28.1% 22.1% 21.8% 21.8% NA 58.0% 58.0% 58.3% 58.3% NA 13.9% 19.9% 19.9% 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
  30. T e c h n i c a l TA Securities V i e w Tuesday , April 25, 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:1,756.05 (+14.44, +0.83%) THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Tel: +603-2167 9607 Total Money Flow (RM' mn) stsoo@ta.com.my www.taonline.com.my (B) 18-Apr 19-Apr 20-Apr 21-Apr Total 5D MF (A) 17-Apr Prv. Chg Cur. Chg FBM KLCI (2.3) (38.1) (40.5) 4.3 (0.7) (77.4) 44.8 (5.0) 1,733.9 AUTOMOBILE BJAUTO MBMR (0.0) 0.0 (0.0) 0.0 (0.0) (0.0) (0.0) (0.1) 0.1 (0.0) (0.1) 0.0 2.11 (0.0) (0.0) (0.0) 2.11 (0.0) 2.38 2.37 3.0 BANKS & FINANCIAL SERVICES 0.0 0.4 4.2 6.1 13.7 3.8 1.9 6.05 6.08 6.08 AFG 0.0 0.0 (0.2) 0.2 (0.0) 0.0 0.4 (0.2) 3.96 4.00 4.03 4.00 AFFIN (0.0) 0.0 0.0 0.1 0.8 0.9 0.1 0.6 2.78 2.80 2.82 2.85 AMBANK CIMB (1.9) 0.2 (1.0) 0.4 5.03 0.6 1.2 (3.3) 4.93 (1.0) 1.3 1.6 4.93 (0.4) (0.9) (1.9) 4.88 1.6 1.5 (2.7) 5.45 5.48 5.48 5.50 5.17 5.61 HLBANK (0.0) (0.3) (2.5) (0.8) (0.7) (4.3) 1.7 0.1 13.68 13.70 13.70 13.70 13.74 0.04 IN MAYBANK 0.2 (9.9) (7.4) (0.8) (11.4) (29.2) 6.6 (10.6) 9.02 9.04 9.05 9.08 9.40 0.32 OUT PBANK (1.2) (5.8) (1.5) (2.6) (7.9) (19.0) (1.1) (5.3) 19.92 19.92 19.92 19.92 19.96 0.04 OUT RHBBANK 0.0 (0.2) (0.2) 1.0 (0.6) 0.4 (0.2) (0.8) (0.3) (1.2) 0.5 (0.2) (1.2) (2.3) 5.12 9.52 5.28 9.44 0.02 (2.8) 5.12 9.57 5.30 (3.1) 5.10 9.57 9.70 0.26 IN OUT BPURI 0.0 (0.0) (0.0) 0.0 (0.0) (0.0) 0.0 (0.0) 0.45 0.45 0.44 0.44 0.44 0.00 OUT GADANG GAMUDA 0.1 (0.0) (0.1) (0.0) 1.24 5.10 5.20 5.14 5.10 1.27 5.13 0.03 0.03 OUT 1.2 (0.2) (1.0) 1.27 0.3 0.1 0.9 1.29 (0.2) (0.2) 3.1 1.29 1.8 (0.2) 0.1 IJM 0.4 0.2 (0.2) (1.0) (0.1) (0.7) (0.8) 0.9 3.47 3.48 3.46 3.49 3.50 0.01 IN SENDAI (0.0) (0.1) 0.1 0.3 0.0 0.4 0.2 (0.3) 0.70 0.71 0.74 0.77 0.80 0.03 OUT WCT (0.1) (0.4) (0.1) (0.4) (0.0) (0.9) (0.3) 0.4 2.01 2.06 2.05 2.04 2.06 0.02 IN LITRAK (0.0) (1.7) (0.0) (0.0) 0.0 (1.7) 0.0 0.0 5.95 5.97 5.90 5.90 5.90 0.00 IN Building Materials WTHORSE CONSUMER (0.0) 0.0 (0.0) (0.0) (0.0) (0.0) 0.0 (0.0) 1.98 1.99 1.98 1.98 1.97 (0.01) OUT CARLSBG (0.1) (0.0) (0.0) 0.0 (0.2) (0.3) 0.1 (0.2) 15.00 15.00 14.96 14.86 15.00 GUINESS Retail 3.7 0.2 1.6 0.6 0.3 6.3 (1.1) (0.3) 17.86 17.92 17.80 17.90 17.30 0.14 OUT (0.60) OUT AEON 0.1 0.4 0.1 0.0 0.2 0.9 (0.1) 0.2 2.39 2.40 2.39 2.38 2.37 (0.01) IN AMWAY 0.0 0.0 0.0 0.0 0.0 0.0 (0.0) (0.0) 7.60 7.55 7.55 7.52 7.58 0.06 OUT F&N (0.2) (2.6) (0.0) (1.1) 0.0 (3.8) (1.1) 1.1 24.08 24.30 24.88 24.90 25.18 0.28 IN NESTLE (0.5) (0.0) 0.9 0.1 0.0 0.0 0.0 0.5 (0.9) (0.0) (0.1) (0.1) (0.1) 81.30 3.04 81.30 3.16 81.38 3.16 0.02 (0.1) 80.76 2.98 81.40 PADINI 0.1 (0.1) POHUAT 0.0 (0.0) (0.1) (0.0) 0.0 (0.0) 0.0 0.0 1.78 1.79 1.76 1.77 1.79 QL 0.0 (0.1) 0.0 0.0 0.0 (0.0) (0.0) 0.0 4.66 4.71 4.67 4.68 4.65 SIGN Tobacco 0.0 0.0 0.0 0.0 0.1 0.1 (0.0) 0.1 0.95 0.95 0.96 0.96 1.01 BAT (0.1) (0.1) (0.2) (0.4) 6.5 5.8 (0.2) 6.9 47.00 47.42 47.02 47.06 46.52 (0.54) IN 0.4 (1.4) (0.6) (0.3) (0.2) 0.7 0.9 16.5 1.7 2.2 1.0 0.8 15.5 15.8 (16.4) 9.49 5.56 9.70 5.65 9.70 5.59 0.04 0.0 9.26 5.50 9.74 GENM 5.98 0.39 IN OUT LUSTER 0.0 0.0 (0.0) 0.0 (0.0) (0.0) 0.0 (0.1) 0.13 0.12 0.12 0.13 0.12 (0.01) OUT 0.1 0.1 0.5 0.0 0.3 1.1 (0.5) 0.3 2.81 2.81 2.79 2.78 2.75 (0.03) OUT Name UMW BURSA CLOSING PRICE 17-Apr 18-Apr 1,740.6 19-Apr 1,739.0 20-Apr 21-Apr Chg (A+B) DMF 1,741.6 1,756.1 14.44 IN 2.08 2.10 2.36 2.35 2.11 2.40 0.01 0.05 OUT 6.14 6.20 0.06 IN 4.05 0.05 IN 2.90 0.05 IN 0.14 0.11 OUT IN IN CONSTRUCTION OUT Brewery 3.10 OUT (0.06) OUT 0.02 IN (0.03) OUT 0.06 IN GAMING Casino GENTING NFO BJTOTO HEALTHCARE Hospital IHH 4.8 (2.1) 2.5 (0.1) 3.1 8.2 (2.6) 3.2 4.77 4.77 4.77 4.77 4.77 0.00 IN KPJ (2.3) (0.0) (0.9) (0.1) (0.1) (3.3) 0.8 0.0 4.01 4.05 4.05 4.00 4.09 0.09 IN 0.0 0.3 0.0 0.0 (2.5) 0.3 0.2 (0.0) (0.3) (2.6) 2.7 (0.5) (0.3) 0.3 (0.3) (0.3) 4.90 6.15 4.95 6.13 4.94 6.13 4.97 6.10 4.98 KOSSAN SUPERMX 0.1 (0.2) (0.2) (0.0) 0.4 0.1 0.1 0.4 1.96 1.97 1.97 1.96 1.94 TOPGLOV KAREX 0.5 (0.1) 0.2 1.0 4.78 2.09 2.09 2.06 2.07 4.80 2.08 0.02 0.01 OUT 0.1 (1.4) 0.0 4.83 0.1 0.8 0.0 4.83 0.0 1.3 0.2 4.83 0.0 (0.3) 0.1 SCIENTX 0.1 0.0 0.2 0.4 0.8 1.6 0.2 0.4 7.98 8.15 8.38 8.55 8.71 0.16 IN SKPRES 0.1 0.1 0.0 (0.1) 0.6 0.7 (0.1) 0.7 1.27 1.28 1.26 1.27 1.27 0.00 IN 0.1 0.6 0.0 0.2 0.0 0.1 0.0 (0.0) 0.9 1.2 (0.0) 0.9 0.8 (0.1) 0.0 2.69 1.16 2.68 1.17 2.73 1.14 (0.01) (0.0) 2.67 1.18 2.72 MEDIA PRIMA 1.14 0.00 IN OUT STAR (0.0) (0.0) (0.0) 0.0 (0.0) (0.0) 0.0 (0.0) 2.35 2.35 2.34 2.35 2.36 0.01 OUT RUBBER GLOVES HARTA 6.04 0.01 IN (0.06) OUT (0.02) IN IN INDUSTRIAL MEDIA ASTRO Page 1 of 2
  31. TA Securities A Member of the TA Group Total Money Flow (RM' mn) 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 TRANSPORTATION Airlines AIRASIA AIRPORT Freight & Tankers TNLOGIS WSPRT (0.1) 0.1 (0.0) 0.0 (0.4) 0.0 1.8 0.0 (2.0) (0.0) (4.1) 0.0 (0.1) (17.3) 0.0 0.0 3.0 0.0 (0.0) (3.4) 0.0 (0.0) (0.0) (0.2) 0.0 (0.0) 0.1 0.0 (0.1) 1.7 0.0 (0.5) 0.1 (0.8) (0.0) 2.7 (0.0) (1.0) 0.5 0.5 (0.0) 0.1 (2.0) (0.7) (4.5) 2.5 (0.5) 2.2 (0.1) (0.1) (0.1) (0.0) (0.0) 0.0 (0.0) 0.3 0.0 0.0 0.1 0.0 0.0 (0.5) (0.0) 0.0 0.0 (0.0) (0.2) 0.2 1.5 0.3 (0.4) (0.3) (0.6) 0.0 0.5 0.0 (0.2) 0.0 (0.0) (0.0) (0.0) 0.1 (0.1) 0.2 0.1 0.0 0.2 0.5 (1.6) 0.7 (0.3) (0.0) 1.3 0.2 (0.7) 0.3 (11.4) (0.4) (0.8) 0.3 0.3 (0.5) (1.8) (7.5) (3.9) 1.3 (1.1) (0.3) (1.0) 8.2 0.1 (4.0) (0.3) 11.7 0.7 7.9 (0.2) (0.1) (0.7) 1.1 (4.1) 0.5 (0.5) (0.2) 0.5 (0.0) 0.7 (8.2) (6.6) 5.4 (2.2) 1.4 4.0 (0.0) (0.5) (0.0) 0.4 (0.0) 0.2 0.0 (0.4) (0.1) (0.2) (0.2) 0.3 19-Apr 20-Apr 21-Apr Total 5D MF (0.1) (0.0) (0.0) 0.1 (0.0) (0.0) 0.0 0.0 0.0 0.3 (0.0) (2.0) (0.9) (0.0) (6.7) (0.4) (0.0) (3.7) 1.3 (0.0) (0.8) 0.0 (0.6) 0.0 (0.0) 0.0 (0.0) 0.0 (0.0) 0.0 (0.1) (0.0) (0.1) (0.0) 0.1 0.0 (0.9) (0.2) (1.0) 0.0 1.0 0.1 0.2 0.1 0.2 0.0 (0.4) (1.1) (1.1) 0.0 (0.6) (0.2) (0.0) 2.8 (1.8) (0.0) (1.7) 0.6 (0.0) 0.0 0.1 0.0 0.0 0.0 (0.0) 0.0 (0.0) (0.4) (0.0) (0.8) (0.0) 0.8 (0.0) 0.2 0.3 1.1 0.2 (0.6) 0.0 0.8 0.1 0.4 0.2 (0.0) 0.0 (0.0) 0.0 (0.0) (0.1) (0.1) (3.5) 0.3 (1.7) (2.2) (4.1) (0.3) 18-Apr 19-Apr 0.62 1.00 0.60 1.04 0.60 1.04 7.33 0.62 7.59 7.33 0.63 7.60 7.31 0.62 7.58 7.30 0.61 7.52 0.00 0.63 0.00 0.64 0.00 0.63 0.00 0.64 1.86 1.90 1.90 1.90 2.02 2.07 2.03 2.01 3.10 4.42 3.10 4.45 3.10 4.50 3.08 4.53 23.98 9.28 6.22 24.14 9.28 6.22 24.16 9.25 6.27 24.22 9.26 6.15 0.71 1.07 0.71 1.07 0.71 1.06 0.71 1.07 2.01 1.47 2.05 1.48 2.02 1.48 2.04 1.48 3.67 3.29 3.69 3.32 3.65 3.33 3.65 3.35 1.70 1.60 1.70 1.59 1.70 1.56 1.70 1.55 1.22 24.00 1.20 24.08 1.21 24.08 1.22 24.00 19.28 13.70 1.51 19.30 13.72 1.49 18.70 13.72 1.49 18.34 13.80 1.49 5.08 5.09 5.05 5.07 5.10 6.43 6.42 5.14 6.46 6.45 5.14 6.44 6.45 5.15 6.39 6.46 0.17 1.99 10.90 0.17 2.04 11.84 0.16 2.07 11.74 0.17 2.04 11.62 3.05 3.11 3.07 3.07 0.3 (0.4) 0.1 (1.4) (0.1) (0.2) (0.7) (6.8) (1.1) (1.2) (1.4) (3.3) 0.1 0.0 0.2 0.8 0.0 (0.3) 0.3 (0.0) (0.1) 0.2 0.1 0.8 0.1 (0.2) 0.1 0.2 1.5 1.0 0.0 0.2 (2.8) 0.1 (2.0) (0.1) (4.2) (2.0) (4.0) (13.0) (2.3) 0.2 (1.5) (3.2) (1.9) 0.5 3.04 7.20 3.13 7.20 3.20 7.19 (0.0) 0.2 0.1 (0.7) 0.3 0.2 0.0 0.0 0.1 0.1 0.4 (0.3) (0.3) (0.2) 0.1 0.1 1.77 4.09 1.76 4.10 1.75 3.99 (B) 18-Apr 21-Apr Total 5D MF (A) 17-Apr Prv. Chg Cur. Chg 19-Apr 20-Apr FSSTI BANKS & FINANCIAL SERVICES DBS 0.3 20-Apr 0.62 0.99 1.2 Total Money Flow (S$' mn) Name CLOSING PRICE 17-Apr (0.1) 0.1 (2.7) Semiconductor & Electronics IRIS (0.0) INARI 1.1 MPI UNISEM (B) Cur. Chg 18-Apr 0.5 TENAGA 3.0 YTLPOWR 0.0 TELECOMMUNICATIONS AXIATA DIGI (A) Prv. Chg 17-Apr 6.16 0.01 0.71 1.11 2.03 1.47 3.64 3.40 1.69 1.51 0.05 1.22 0.00 0.00 0.06 13.74 1.48 (0.06) (0.01) 6.44 6.48 18-Apr 19-Apr 1.76 3.99 21-Apr 3,138.3 3,137.5 3,126.3 3,137.9 3,144.0 18.92 9.55 21.60 18.79 9.53 21.54 18.91 9.60 21.75 18.77 3.51 0.46 18.90 9.59 21.65 (0.9) 0.0 (1.5) (0.0) 0.9 (0.0) 0.4 0.0 3.44 3.46 3.51 (0.0) 0.4 0.0 3.43 0.0 0.48 0.47 0.46 0.46 9.59 21.77 OUT OUT IN OUT IN IN (0.01) IN 0.02 OUT 0.05 IN 0.02 IN 1.75 4.04 20-Apr OUT IN OUT (0.01) OUT (0.04) IN 24.00 18.40 5.06 5.17 IN OUT OUT 0.00 IN 0.04 IN (0.01) OUT (0.01) IN (0.01) OUT 0.11 (0.7) (1.3) (0.0) 0.01 0.10 0.01 0.02 (1.3) (0.6) 4.54 24.32 9.27 7.30 1.7 3.4 0.0 0.01 0.00 3.24 0.0 (0.3) 2.02 3.08 3.22 7.19 (1.6) (2.6) WILMAR IFAR 0.01 OUT (0.02) IN 0.18 0.10 (4.2) 0.1 (1.0) (1.8) 0.65 1.88 11.80 3.17 (0.0) 0.4 (3.7) (1.5) (0.2) 0.62 7.55 0.00 OUT OUT OUT IN OUT OUT 0.01 OUT (0.05) OUT CLOSING PRICE 17-Apr (A+B) DMF 0.01 IN (0.01) IN 0.01 OUT 0.01 OUT 0.03 OUT 0.00 OUT 1.03 7.31 0.01 0.05 (1.1) 0.3 (2.6) 0.61 Chg 0.18 2.09 0.2 0.6 1.6 OCBC UOB PLANTATIONS 21-Apr Chg (A+B) DMF 6.15 (0.14) OUT (0.01) IN 0.02 IN 0.00 0.00 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 2 of 2
  32. Technical View TA Securities Tuesday , April 25, 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 17-Apr Tel: +603-2167 9607 Total Money Flow (RM' mn) 18-Apr 19-Apr 20-Apr KL PLANT 1.9 (2.6) 1.1 (2.3) BKAWAN BLDPLNT CEPAT CHINTEK DUTALND FAREAST FGV (0.2) 0.0 (0.0) 0.0 (0.0) (0.3) 0.0 0.0 (0.0) 0.0 0.0 0.0 0.0 0.0 (0.0) 0.2 0.0 0.0 (0.0) 0.0 (0.0) 0.0 1.2 0.0 (0.0) 0.0 (0.0) 0.0 (0.0) (0.9) (1.4) (0.0) 0.0 0.0 0.0 0.1 0.0 (0.2) (1.6) (0.0) 0.0 0.0 0.1 0.1 0.0 (1.0) 0.1 0.0 (0.0) 0.0 (0.0) 0.0 (0.0) 1.0 0.0 (0.0) (0.0) (1.1) 0.0 0.0 0.1 0.2 0.0 (0.0) 0.0 (0.6) 0.0 0.0 (0.0) 0.2 0.0 (0.0) 0.0 2.8 0.0 0.0 (0.0) (0.4) 0.0 0.0 0.1 (1.7) 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 0.3 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 1.1 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) (0.4) 0.0 (0.0) 0.1 0.0 0.0 (0.0) 0.1 0.2 0.0 (0.0) 0.2 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 21-Apr stsoo@ta.com.my (A) Total 5D MF Prv. Chg (B) Cur. Chg 17-Apr 18-Apr www.taonline.com.my CLOSING PRICE 19-Apr 20-Apr 21-Apr Chg (A+B) DMF 1.8 0.0 (3.4) 4.1 7,926.2 7,970.9 7,991.7 8,003.6 8,027.3 23.72 IN 0.1 (0.3) (0.0) (0.0) (0.0) 0.0 0.1 (0.5) 0.2 0.0 0.0 (0.0) 0.0 0.0 (0.8) (0.1) (0.0) (0.0) 0.0 0.0 0.0 2.7 19.00 8.52 0.85 8.05 0.47 18.98 8.52 0.85 8.01 0.47 18.98 8.52 0.86 8.08 0.47 18.98 8.52 0.86 8.05 0.47 (1.1) (0.0) 0.0 0.0 0.0 0.1 0.0 (0.0) 1.7 0.0 (0.0) 0.0 (0.1) (0.0) 0.0 (0.7) 0.7 0.0 0.0 (0.0) 0.0 (0.0) 0.0 (0.5) 8.57 2.07 11.18 0.63 1.19 2.59 0.83 3.10 8.99 2.03 11.22 0.62 1.20 2.59 0.85 3.10 8.99 2.01 11.22 0.63 1.18 2.60 0.83 3.08 0.02 (0.02) (0.01) 0.00 0.02 0.00 0.01 IN OUT OUT OUT IN 8.57 2.02 11.12 0.62 1.18 2.59 0.83 3.10 19.00 8.50 0.85 8.05 0.48 8.99 2.02 0.0 (0.0) 0.1 0.1 0.0 0.0 0.0 (0.0) 0.0 0.0 0.1 (4.5) 0.0 0.0 (0.0) 0.0 (0.0) (0.0) (0.1) 2.2 0.0 0.0 0.0 (0.0) 0.68 4.42 3.71 3.30 0.55 23.98 0.00 1.57 0.72 4.45 3.71 3.25 0.56 24.14 0.00 1.57 0.69 4.50 3.73 3.25 0.55 24.16 0.00 1.57 0.69 4.53 3.73 3.26 0.56 24.22 0.00 1.57 11.28 0.63 1.18 2.59 0.84 3.08 0.69 4.54 (0.0) 0.1 (0.0) 0.1 0.5 (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 0.89 4.18 0.27 1.18 0.49 3.94 3.46 0.91 4.11 0.27 1.17 0.49 3.94 3.46 0.91 4.11 0.26 1.16 0.49 3.94 3.42 0.88 4.11 0.26 1.16 0.49 3.94 3.43 0.06 0.01 0.00 (0.01) 0.01 0.00 0.00 IN 0.01 OUT 0.00 OUT 0.00 IN 0.00 IN 0.10 OUT 0.00 OUT (1.57) OUT 0.05 OUT (0.03) OUT 0.0 0.2 0.6 0.0 (0.1) 0.2 0.0 0.1 0.6 0.0 (0.0) 0.1 0.0 (0.2) (0.5) 0.0 (0.0) (0.1) 1.65 3.05 0.66 1.15 1.77 0.00 6.22 28.30 1.65 3.05 0.66 1.17 1.77 0.00 6.22 28.30 1.61 3.01 0.67 1.17 1.78 0.00 6.27 28.30 1.65 3.03 0.66 1.17 1.78 0.00 6.15 28.40 (0.0) (0.0) (0.0) 0.0 0.0 1.7 0.7 0.0 (0.0) (0.0) 0.0 0.0 0.0 (1.0) 0.0 0.0 0.0 0.5 0.0 0.0 0.0 (0.0) 0.0 0.1 (0.0) 0.0 0.1 (0.0) 0.0 (0.0) (0.0) (0.3) 0.0 (0.1) 0.1 Sources: Bloomberg, TA Securities Page 1 of 4 3.73 3.26 0.56 24.32 0.00 0.00 0.93 4.08 0.27 1.20 0.49 3.94 3.42 1.66 3.03 0.66 1.18 1.79 0.00 6.16 28.42 OUT IN IN IN OUT OUT OUT OUT 0.02 IN 0.04 IN 0.00 OUT 0.00 OUT (0.01) IN 0.01 OUT 0.00 IN 0.00 IN 0.01 OUT 0.01 IN 0.00 OUT 0.01 OUT 0.02 OUT
  33. 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 17-Apr Tel: +603-2167 9607 Total Money Flow (RM' mn) 18-Apr 19-Apr 20-Apr 21-Apr stsoo@ta.com.my Total 5D MF (A) Prv. Chg (B) Cur. Chg 17-Apr 18-Apr www.taonline.com.my CLOSING PRICE 19-Apr 20-Apr 21-Apr Chg (A+B) DMF KL CONSTR 1.5 (0.4) 0.2 (0.9) 0.1 0.6 (1.0) 1.0 326.0 329.6 326.7 328.0 329.7 1.67 OUT AZRB BENALEC 0.2 0.0 (0.0) 0.0 1.08 (0.0) 0.0 0.0 1.06 (0.0) 0.0 (0.0) 1.09 (0.0) 0.2 (0.1) 1.06 0.0 0.0 (0.0) 0.51 0.51 0.50 0.49 1.09 0.51 0.01 0.02 OUT BDB 0.0 0.0 (0.0) 0.0 (0.0) 0.0 0.0 (0.1) 0.74 0.74 0.73 0.73 0.74 0.01 OUT BPURI (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 0.45 0.93 0.44 0.93 0.44 0.92 0.00 (0.0) 0.45 0.92 0.44 BREM 0.0 0.0 0.93 0.01 OUT OUT CRESBLD (0.0) 0.0 (0.0) (0.0) (0.0) (0.0) (0.0) 0.0 0.92 0.94 0.94 0.93 0.93 0.00 IN DKLS EKOVEST 0.0 0.0 0.0 0.0 1.82 1.32 1.36 1.33 1.35 1.82 1.35 0.00 0.00 OUT (0.1) 0.0 0.0 1.82 (0.1) (0.0) 0.1 1.82 (0.1) 0.0 (0.4) 1.80 0.0 0.0 (0.0) SENDAI (0.0) (0.1) 0.1 0.3 0.0 0.4 0.2 (0.3) 0.70 0.71 0.74 0.77 0.80 0.03 OUT FAJAR (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) 0.73 1.20 0.76 1.26 0.73 1.24 0.74 1.27 0.74 (0.1) GADANG GAMUDA 0.1 (0.0) (0.1) (0.0) (0.2) (1.0) 1.24 1.2 0.1 0.9 1.27 0.3 (0.2) 3.1 1.29 (0.2) (0.2) 0.1 1.29 1.8 5.10 5.20 5.14 5.10 1.27 5.13 HOHUP (0.1) 0.0 (0.0) (0.0) 0.0 (0.0) 0.0 0.0 0.84 0.83 0.82 0.81 0.82 0.00 IN HSL 0.0 0.2 0.0 (0.2) 0.0 (1.0) 0.0 0.0 (0.0) 0.0 (0.7) (0.8) 0.9 1.66 3.48 1.66 3.46 1.65 3.49 0.02 (0.1) 1.66 3.47 1.67 IJM 0.0 0.4 3.50 0.01 IN IN IREKA (0.0) (0.0) (0.0) 0.0 (0.0) (0.1) 0.0 (0.0) 0.65 0.65 0.65 0.65 0.66 0.01 IN JAKS KIMLUN 0.0 0.2 0.0 0.1 1.62 2.25 2.22 2.22 2.22 1.62 2.22 0.00 0.00 IN (0.0) (0.0) 0.0 1.62 0.0 0.0 (0.0) 1.64 0.0 0.3 0.1 1.65 0.0 0.0 0.0 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 0.00 OUT JETSON (0.0) (0.7) 0.0 0.2 (0.0) 0.1 (0.0) (1.1) (0.0) (0.0) 0.0 0.0 (1.2) 1.9 0.39 1.63 0.39 1.60 0.39 1.57 (0.01) (0.7) 0.39 1.67 0.39 0.8 1.58 0.01 IN IN MELATI 0.0 0.0 0.0 (0.0) (0.0) (0.0) (0.0) 0.0 0.94 0.92 0.92 0.91 0.91 MERGE MITRA (0.0) 0.0 0.0 0.0 0.33 0.1 (0.0) (0.3) 0.32 (0.1) 0.0 0.2 0.31 0.0 0.0 (0.1) 0.31 0.0 (0.0) (0.2) 1.32 1.32 1.32 1.31 0.32 1.30 MTDACPI 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 0.38 1.05 0.37 1.06 0.37 1.03 0.37 1.10 0.37 MUDAJYA 0.0 0.0 0.00 OUT (0.01) OUT (0.01) OUT 0.00 IN 1.09 (0.01) IN MUHIBAH 0.2 (0.0) 0.5 (0.0) (0.2) 0.4 (0.5) (0.1) 2.81 2.82 2.80 2.81 2.85 0.04 OUT PESONA PTARAS 0.1 (0.0) (0.0) 0.0 (0.0) 0.0 0.69 3.53 3.53 3.53 3.55 0.69 3.56 (0.00) 0.01 IN 0.0 0.1 0.0 0.68 0.0 0.0 0.0 0.69 0.0 (0.0) 0.0 0.70 (0.0) PLB (0.0) 0.0 0.0 0.0 0.0 0.0 0.0 (0.0) 1.42 1.46 1.52 1.52 1.55 0.03 OUT PSIPTEK (0.1) (0.0) (0.0) (0.2) (0.0) (0.0) (0.0) 0.1 (0.0) (0.2) 0.0 (0.0) (0.1) 0.1 (0.1) 0.20 1.11 0.19 1.08 0.19 1.10 0.01 (0.0) 0.20 1.10 0.19 PRTASCO 1.08 (0.02) OUT IN SYCAL (0.1) (0.0) (0.0) (0.0) 0.0 (0.0) 0.0 0.0 0.35 0.35 0.34 0.34 0.36 0.02 IN TRC TRIPLC (0.1) (0.1) (0.0) 0.0 0.59 1.76 1.77 1.76 1.76 0.59 1.80 0.00 0.04 OUT (0.0) (0.0) 0.0 0.60 (0.0) 0.0 (0.0) 0.61 (0.0) (0.2) (0.0) 0.59 (0.0) (0.0) 0.0 TSRCAP (0.1) 0.0 (0.0) 0.0 (0.0) (0.1) 0.0 (0.0) 0.67 0.70 0.70 0.71 0.71 0.00 IN WCT (0.4) 0.0 (0.1) (0.0) (0.4) 0.1 (0.0) (0.9) (0.3) 0.4 0.0 0.1 (0.1) 2.06 0.62 2.05 0.62 2.04 0.64 0.02 (0.0) 2.01 0.62 2.06 ZECON (0.1) 0.0 ZELAN (0.0) (0.0) 0.0 (0.0) (0.0) (0.1) (0.0) 0.0 0.17 0.17 0.16 0.16 0.16 GBGAQRS MRCB Sources: Bloomberg, TA Securities Page 2 of 4 1.26 0.63 IN IN 0.00 IN (0.01) OUT 0.03 OUT 0.03 OUT IN IN IN IN (0.01) OUT 0.01 OUT
  34. 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 KL PROP A&M AMPROP 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 Tel: +603-2167 9607 Total Money Flow (RM' mn) (A) (B) Prv. Chg Cur. Chg (2.4) 1.1 (1.1) 0.1 0.0 (0.1) (0.0) 0.1 (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) 0.0 0.0 0.0 (0.0) 0.0 0.0 0.1 (0.0) 0.0 (0.1) (0.3) (0.0) 0.1 (0.0) 0.0 (0.1) (1.4) 0.0 0.1 (0.0) (0.0) 0.0 0.0 0.0 0.0 0.0 0.0 (0.0) 0.2 (0.0) 0.0 0.0 0.0 (0.0) 0.0 (0.0) (0.2) (0.0) 0.0 (0.2) 0.0 (0.0) 0.3 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 (0.1) 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 (0.2) 0.1 (0.0) 0.0 (0.1) (0.0) 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.0 (0.0) (0.0) 0.0 (0.2) (0.0) (0.1) (0.0) (0.1) (3.7) (0.0) (0.2) (0.0) (0.3) 0.9 (0.1) (0.1) 0.0 0.1 (0.2) 0.0 (0.1) 0.0 (0.1) 0.0 0.0 (0.0) 0.0 (0.0) 0.1 0.0 0.0 0.2 (0.0) (0.0) (0.3) 0.0 0.0 0.3 0.1 (0.0) 0.0 (0.0) 0.0 (0.3) (0.0) 0.0 (0.0) 0.0 0.0 0.0 (0.1) (0.0) 0.0 (0.1) (0.0) (0.1) 0.4 0.0 0.0 (0.1) 0.1 0.0 (0.1) 0.0 0.0 0.1 0.0 0.0 (0.2) (0.0) 0.0 0.0 0.1 0.0 (0.0) (0.1) 0.9 0.1 (0.0) 0.0 (0.3) 0.0 0.0 0.0 0.0 0.0 (0.0) 17-Apr 18-Apr 19-Apr 20-Apr 21-Apr Total 5D MF 2.0 (3.4) (0.7) 0.4 (0.7) 0.0 (0.0) 0.1 (0.0) (0.0) 0.0 (0.0) 0.0 0.0 0.2 (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 (0.0) 0.0 (0.0) 0.0 0.1 (0.0) (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) (0.5) 0.0 (0.3) (0.0) 0.0 (0.0) (0.4) 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 0.0 0.0 0.0 0.0 (0.0) 0.0 (0.0) (0.2) 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) (1.3) 0.1 (0.1) 0.0 0.0 (1.2) (0.0) (0.0) (0.1) 0.0 (1.0) 0.0 0.1 (0.0) 0.0 (0.1) (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) (0.1) 0.0 (0.0) (0.0) (0.0) (0.0) (0.0) 0.0 0.0 0.3 0.0 (0.0) 0.0 0.0 0.1 (0.0) 0.0 0.0 (0.6) 0.0 0.0 (0.0) 0.1 0.0 0.1 (0.0) (0.1) (0.0) 0.2 (0.0) 0.1 (0.1) 0.0 (0.0) 0.1 0.1 0.0 (0.0) 0.1 0.0 (0.0) (0.0) (0.1) 0.3 0.0 (0.0) (0.0) (0.0) 0.4 (0.0) 0.0 0.0 0.0 0.1 0.0 (0.0) (0.0) (0.0) 0.0 stsoo@ta.com.my Sources: Bloomberg, TA Securities Page 3 of 4 www.taonline.com.my CLOSING PRICE 17-Apr 1,295.9 18-Apr 1,308.7 19-Apr 1,297.0 20-Apr 21-Apr Chg 1,298.6 1,302.3 3.67 1.79 0.81 0.03 0.01 1.68 0.81 0.18 0.50 1.02 1.74 0.81 0.18 0.49 1.03 1.78 0.82 0.18 0.49 1.04 1.76 0.81 0.18 0.49 1.03 0.51 1.33 1.68 1.67 2.28 0.77 0.49 1.30 1.66 1.68 2.29 0.78 0.49 1.22 1.66 1.67 2.30 0.76 0.49 1.22 1.65 1.70 2.26 0.75 1.00 1.86 0.81 1.13 0.54 0.00 1.01 1.89 0.82 1.13 0.54 0.00 1.00 1.86 0.82 1.10 0.54 0.00 1.00 1.87 0.82 1.08 0.54 0.00 0.41 0.71 0.45 1.31 1.07 0.42 0.71 0.45 1.32 1.07 0.41 0.71 0.45 1.31 1.06 0.41 0.71 0.45 1.30 1.07 0.00 0.60 0.96 2.93 0.52 0.07 0.00 0.62 0.93 2.93 0.54 0.07 0.00 0.61 0.92 2.93 0.52 0.06 0.00 0.63 0.91 2.93 0.52 0.06 0.13 0.95 7.81 1.20 0.24 0.12 0.96 7.81 1.20 0.24 0.12 0.96 7.81 1.20 0.25 0.12 0.96 7.81 1.22 0.25 1.28 2.02 0.29 1.54 1.47 0.36 1.29 2.04 0.29 1.55 1.48 0.36 1.28 2.03 0.29 1.54 1.48 0.36 1.27 2.03 0.29 1.56 1.48 0.36 0.14 1.38 0.46 0.91 0.32 2.90 0.14 1.45 0.46 0.90 0.32 2.89 0.15 1.45 0.45 0.88 0.32 2.95 0.16 1.46 0.47 0.88 0.32 2.96 0.34 0.27 1.56 1.59 1.74 0.34 0.28 1.54 1.60 1.75 0.33 0.28 1.52 1.58 1.75 0.33 0.28 1.53 1.53 1.75 0.60 0.60 0.59 0.60 0.17 0.49 1.04 0.48 1.19 1.65 1.70 2.26 0.75 0.99 1.85 0.81 1.09 0.55 0.00 0.41 0.71 0.46 1.30 1.11 0.00 0.63 0.94 2.95 0.53 0.06 0.11 0.96 7.81 1.21 0.26 1.27 2.03 0.29 1.56 1.47 0.35 0.16 1.49 (A+B) DMF IN OUT OUT (0.01) IN 0.01 OUT 0.01 IN (0.01) OUT (0.03) OUT 0.00 OUT 0.00 IN 0.00 OUT (0.01) IN (0.01) OUT (0.02) IN (0.01) OUT 0.01 IN 0.01 IN 0.00 OUT 0.00 IN 0.00 IN 0.01 0.00 0.04 0.00 0.00 IN IN IN OUT OUT IN IN IN IN 0.03 0.02 0.01 0.00 (0.01) IN 0.00 OUT 0.00 IN (0.01) OUT 0.01 OUT 0.00 IN 0.00 IN 0.47 0.89 0.33 2.98 0.34 0.27 0.00 OUT 0.00 IN (0.01) IN (0.01) IN 0.00 OUT 0.03 OUT 0.00 IN 0.01 IN 0.01 IN 0.02 OUT 0.01 OUT (0.01) IN 1.55 1.53 1.76 0.59 0.02 IN 0.00 OUT 0.01 IN (0.01) OUT
  35. TA Securities A Member of the TA Group Name ENRA PTGTIN PJDEV PLENITU SAPRES SBCCORP SDRED SPB SNTORIA SHL SMI SPSETIA SUNWAY SYMLIFE TAGB TAHPS TAMBUN TANCO TALAMT UEMS UOADEV WINGTM Y &G YNHPROP YTLLAND 17-Apr Total Money Flow (RM' mn) 18-Apr 19-Apr 20-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) 0.0 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 (0.0) (0.0) 0.0 1.1 0.2 0.0 (0.6) 0.0 (0.0) 0.8 0.1 0.0 0.4 0.2 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 (0.1) 0.0 0.0 0.2 1.3 (0.8) (0.2) (0.1) 0.0 0.1 (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 21-Apr (A) Total 5D MF Prv. Chg (B) Cur. Chg 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 0.0 (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 (0.2) 0.0 (0.0) 1.5 0.5 0.0 (0.4) 0.0 0.0 (0.6) (0.2) (0.0) 0.0 0.0 (0.0) (0.0) (0.1) (0.0) 0.1 0.0 0.0 (0.0) (0.0) (0.1) (0.0) 0.0 0.0 0.0 0.0 0.1 (0.0) 0.0 (0.2) 0.0 (0.7) (0.0) 0.2 0.0 (0.3) 0.2 0.0 0.0 1.3 0.0 0.0 (0.0) (0.0) 0.0 0.2 (0.0) 0.0 (0.0) 0.0 0.1 (0.0) 0.0 0.0 (0.0) 0.0 17-Apr 18-Apr CLOSING PRICE 19-Apr 20-Apr 2.82 2.82 2.90 2.85 0.32 0.00 1.65 0.32 0.00 1.66 0.31 0.00 1.64 0.31 0.00 1.67 1.16 0.73 1.13 0.74 1.10 0.73 1.10 0.73 0.90 4.61 0.83 0.91 4.63 0.81 0.92 4.62 0.81 0.88 4.62 0.80 2.84 0.25 2.88 0.25 2.85 0.24 2.83 0.24 3.67 3.29 0.89 3.69 3.32 0.89 3.65 3.33 0.89 3.65 3.35 0.89 0.35 6.90 0.35 6.90 0.34 6.90 0.35 6.90 1.47 0.12 0.05 1.46 0.13 0.05 1.47 0.12 0.05 1.46 0.12 0.05 1.20 2.60 1.24 2.70 1.23 2.63 1.24 2.64 1.10 1.05 1.62 1.11 1.05 1.60 1.11 1.05 1.60 1.11 1.05 1.59 0.61 0.62 0.62 0.61 21-Apr 2.95 0.33 0.00 1.64 1.13 0.73 0.89 4.63 0.80 2.84 0.23 3.64 3.40 Chg (A+B) DMF 0.10 OUT 0.02 IN 0.00 OUT (0.03) OUT 0.03 IN 0.01 IN 0.01 OUT 0.01 IN 0.00 OUT 0.01 IN 0.90 0.35 (0.00) IN (0.01) OUT 0.05 OUT 0.01 OUT 0.01 OUT 6.90 1.46 0.12 0.00 0.00 (0.00) 0.05 1.24 2.62 1.11 1.05 0.00 0.00 OUT (0.02) IN 0.00 OUT 0.00 OUT 1.58 0.61 (0.01) OUT 0.00 OUT IN IN 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. 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
  36. T e c h n i c a l TA Securities V i e w Tuesday , April 25, 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 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 Ticker 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 Current Market Cap (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 Closing Volume Price (RM) (million) 0.05 0.09 0.05 0.21 0.18 0.22 0.05 0.24 0.09 0.21 0.86 0.06 0.08 0.04 0.05 0.11 0.81 0.04 0.10 0.16 0.13 0.28 0.29 0.59 0.29 0.13 0.37 0.25 0.06 0.43 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 Price to Book EPS (RM) PE Ratio (%) 3Q16 4Q16 3Q16 4Q16 2015 2016 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 Operating Margin (%) 3Q16 4Q16 Return on Assets (%) Revenue (RMmn) Net Income (RMmn) 3Q16 4Q16 3Q16 4Q16 2015 2016 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
  37. TA Securities A Member of the TA Group Support & Resistance – Ace Market 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 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 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 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 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 49.00 53.67 46.27 51.61 62.41 44.34 48.80 53.14 43.94 60.81 49.69 53.27 53.73 59.76 40.49 50.08 64.75 51.41 49.39 45.35 67.47 48.25 80.23 44.93 54.97 43.30 52.81 50.30 50.97 61.25 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 21 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 3 Reward Name SL S2 S1 21-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] 0.12 0.13 0.15 0.175 0.20 0.22 0.25 1.00 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 0.860 0.90 1.00 1.10 0.67 MMAG [S] 0.02 0.03 0.04 0.055 0.07 0.08 0.09 1.00 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 0.02 0.03 0.04 0.050 0.08 0.09 0.10 3.00 XOX [S] 0.04 0.06 0.08 0.105 0.14 0.16 0.18 1.40 VIS [S] 0.54 0.63 0.70 0.810 0.85 0.93 1.02 0.36 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 0.095 0.12 0.14 0.16 1.67 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 0.125 0.16 0.18 0.20 1.40 PLABS 0.20 0.21 0.23 0.280 0.33 0.38 0.42 1.00 CONNECT [S] 0.17 0.20 0.23 0.285 0.29 0.32 0.38 0.09 OPCOM [S] 0.45 0.50 0.55 0.590 0.65 0.70 0.76 1.50 SYSTECH [S] 0.22 0.24 0.26 0.290 0.30 0.32 0.34 0.33 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 0.370 0.38 0.40 0.45 0.20 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 0.055 0.07 0.08 0.10 1.00 AEMULUS 0.30 0.33 0.35 0.425 0.48 0.52 0.56 0.73 Volume (mn Shares) today 5d-avg 20d-avg 1.180 2.084 5.253 0.770 6.372 11.959 1.400 0.906 10.843 1.578 4.867 9.608 34.880 25.386 31.521 1.148 0.483 1.843 2.726 2.792 17.992 0.099 0.723 1.264 0.780 24.188 11.415 1.333 3.391 8.126 0.023 0.026 0.054 0.422 1.052 4.693 2.088 5.039 9.806 37.121 7.841 22.080 1.895 1.494 4.519 3.775 13.097 22.346 2.899 0.830 3.787 0.400 2.205 2.407 4.401 5.676 7.134 10.435 27.398 22.773 0.832 1.390 4.298 0.520 2.130 3.192 3.580 2.914 5.249 0.253 0.092 0.181 1.758 3.057 5.610 1.829 2.528 2.272 0.157 0.024 0.223 1.804 2.609 5.258 0.173 2.214 3.850 0.770 2.516 3.325 Stochastics %K %D 0.0 22.2 66.7 55.6 0.0 0.0 50.0 50.0 66.7 38.9 16.7 8.3 0.0 16.7 37.5 25.0 0.0 25.0 50.0 25.0 20.0 26.8 50.0 27.8 33.3 44.4 50.0 38.9 0.0 0.0 0.0 33.3 94.7 66.1 0.0 0.0 20.0 13.3 33.3 33.3 50.0 50.0 12.5 12.5 100.0 86.7 28.6 21.0 25.0 16.7 16.7 16.7 38.5 15.4 0.0 5.6 50.0 27.8 36.4 45.5 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. 3131 TA Securities T e c h n i c a l V i e w Tuesday , April 25, 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 0.09 0.77 0.12 0.96 0.63 0.24 0.17 0.18 0.24 0.25 0.24 0.22 0.32 0.35 0.07 0.25 0.59 0.16 0.57 0.37 0.20 2.07 1.11 3.26 1.33 0.37 0.50 1.25 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
  39. TA Securities A Member of the TA Group Support & Resistance – Small Cap 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 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 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 54.80 50.95 42.80 54.19 53.70 54.99 55.30 55.81 42.13 39.84 36.08 48.31 67.68 41.63 48.63 27.86 47.08 54.85 76.63 50.83 52.24 57.88 48.32 60.38 51.25 46.39 41.08 42.23 39.92 54.73 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 Volume (mn Shares) today 5d-avg 20d-avg 3.717 13.588 30.570 35.515 32.191 43.818 0.001 1.064 1.196 2.274 8.122 7.972 2.473 6.155 8.347 0.556 0.968 1.546 0.135 0.111 0.126 0.149 0.822 1.865 3.842 9.870 9.656 0.467 0.586 1.432 15.704 6.348 3.604 0.056 0.170 0.176 41.879 56.374 53.237 1.207 1.453 0.887 0.175 0.420 0.679 12.357 10.713 11.876 0.694 3.027 6.305 0.201 0.632 5.292 0.479 0.877 0.693 0.006 0.048 0.027 0.005 0.008 0.034 0.003 0.036 0.012 0.130 0.121 0.140 0.052 0.013 0.014 0.015 0.043 0.084 0.002 0.003 0.003 5.707 3.988 6.228 0.114 0.126 0.182 0.030 0.090 0.131 0.008 0.002 0.019 Stochastics %K %D 16.7 11.1 40.0 41.1 0.0 0.0 41.4 41.4 16.7 27.8 47.4 35.2 60.0 45.0 42.9 33.3 0.0 8.3 14.3 8.9 16.7 22.2 40.0 13.3 64.3 58.1 16.7 11.1 25.0 15.0 14.3 10.3 50.0 27.8 25.0 12.5 95.2 90.2 38.5 25.6 70.0 86.7 60.0 26.7 14.3 4.8 100.0 66.7 33.3 27.8 4.0 6.2 14.3 20.6 30.8 13.0 25.0 11.4 33.3 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 Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward Name SL S2 S1 21-Apr R1 R2 R3 Ratio OLYMPIA 0.10 0.11 0.12 0.155 0.17 0.18 0.20 0.43 TRIVE [S] 0.10 0.12 0.14 0.160 0.23 0.25 0.28 3.50 XINQUAN 0.03 0.05 0.07 0.085 0.11 0.13 0.15 1.67 LIONIND [S] 0.60 0.64 0.72 0.770 0.87 0.98 1.01 2.00 TANCO [S] 0.06 0.07 0.08 0.115 0.12 0.13 0.14 0.14 TECNIC 0.68 0.77 0.85 0.955 1.02 1.13 1.30 0.62 GLBHD [S] 0.51 0.56 0.59 0.630 0.67 0.71 0.76 1.00 BINTAI 0.18 0.19 0.20 0.235 0.28 0.30 0.33 1.29 ASIAPAC [S] 0.10 0.12 0.14 0.170 0.20 0.22 0.24 1.00 AHB [S] 0.12 0.14 0.16 0.180 0.20 0.22 0.24 1.00 MULPHA 0.20 0.22 0.23 0.240 0.27 0.28 0.30 3.00 PINEPAC [S] 0.19 0.21 0.23 0.250 0.30 0.34 0.38 2.50 PWORTH [S] 0.17 0.19 0.21 0.240 0.28 0.33 0.36 1.33 EASTLND [S] 0.15 0.17 0.20 0.215 0.26 0.30 0.34 3.00 MELEWAR [S] 0.22 0.24 0.26 0.315 0.34 0.39 0.42 0.45 BJCORP 0.30 0.31 0.33 0.350 0.38 0.40 0.42 1.50 PERISAI [S] 0.02 0.04 0.06 0.065 0.08 0.10 0.12 3.00 SANBUMI [S] 0.15 0.17 0.19 0.245 0.26 0.30 0.32 0.27 ANCOM 0.45 0.48 0.52 0.590 0.60 0.65 0.70 0.14 MPCORP 0.08 0.10 0.12 0.155 0.22 0.25 0.28 1.86 LIONFIB [S] 0.40 0.45 0.49 0.565 0.58 0.62 0.66 0.20 KAMDAR 0.22 0.26 0.30 0.370 0.44 0.52 0.60 1.00 TURIYA [S] 0.12 0.14 0.16 0.200 0.21 0.23 0.25 0.25 PRKCORP [S] 1.60 1.80 1.90 2.070 2.28 2.48 2.67 1.24 ATTA [S] 0.90 1.00 1.10 1.110 1.18 1.28 1.38 7.00 KLUANG 2.51 2.79 3.02 3.260 3.54 3.70 4.00 1.17 DRBHCOM [S] 1.08 1.18 1.27 1.330 1.58 1.77 1.90 4.17 SCOMIEN 0.25 0.28 0.33 0.370 0.43 0.48 0.53 1.50 CHUAN [S] 0.40 0.45 0.48 0.500 0.56 0.61 0.66 3.00 KUCHAI 1.05 1.10 1.15 1.250 1.30 1.36 1.43 0.50 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
  40. T e c h n i c a l TA Securities V i e w Tuesday , April 25, 2017 FBM KLCI: 1,756.05 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 21.04.2017 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 BIO OSMO BHD PWORTH MALAYAN BANKING NETX HOLDINGS BH IRIS CORP BHD MALAYSIA BUILDNG LAND & GENERAL AIRASIA BHD SEACERA GROUP DIALOG GROUP BHD MALAYAN UTD INDS MY EG SERVICES GREEN PACKET BHD EA HOLDINGS CIMB GROUP HOLDI SMRT HOLDINGS BH KEY ASIC BHD CENSOF HOLDINGS GENTING MALAYSIA PRESTAR RESOURCE JOHAN HLDGS BHD AIRASIA X BHD ADV SYNERGY BHD IHH HEALTHCARE B MALAYSIA AIRPORT AMBANK HLDG BHD IJM CORP BHD MALTON BHD CUSCAPI BHD PUBLIC BANK BHD 0.11 0.24 9.40 0.04 0.18 1.29 0.26 3.24 1.28 1.80 0.24 2.06 0.37 0.12 5.61 0.25 0.16 0.34 5.98 0.97 0.34 0.40 0.19 6.08 7.30 5.17 3.50 1.49 0.29 19.96 Bollinger Band RSI Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 0.08 0.09 0.21 9.01 0.04 0.16 1.24 0.25 3.09 0.99 1.79 0.20 1.97 0.34 0.09 5.51 0.19 0.14 0.34 5.59 0.92 0.27 0.40 0.18 6.02 7.13 4.87 3.48 1.37 0.28 19.94 0.11 0.27 9.20 0.05 0.19 1.33 0.26 3.23 1.21 1.88 0.28 2.08 0.36 0.12 5.66 0.23 0.15 0.38 5.83 0.96 0.42 0.41 0.21 6.07 7.34 5.07 3.54 1.51 0.30 19.99 68.22 67.68 81.44 59.76 62.41 63.06 52.83 69.68 84.73 56.53 65.22 67.89 69.43 83.67 64.12 80.47 71.42 54.15 68.20 60.19 64.61 52.01 59.22 58.18 62.56 70.87 56.20 72.31 57.14 51.59 0.10 0.24 9.05 0.04 0.17 1.21 0.25 3.11 1.05 1.81 0.24 2.00 0.34 0.10 5.47 0.21 0.14 0.34 5.61 0.92 0.34 0.40 0.19 6.04 7.22 4.93 3.47 1.41 0.28 19.94 0.09 0.21 8.97 0.03 0.16 1.23 0.26 3.02 0.98 1.75 0.20 1.93 0.33 0.08 5.53 0.19 0.13 0.33 5.55 0.92 0.25 0.40 0.17 6.00 7.11 4.87 3.47 1.35 0.27 19.95 0.08 0.17 8.81 0.03 0.14 1.20 0.26 2.89 0.97 1.70 0.18 1.83 0.31 0.07 5.39 0.18 0.11 0.31 5.42 0.91 0.22 0.40 0.15 6.02 6.92 4.81 3.44 1.18 0.24 19.97 0.16 8.81 0.02 0.13 1.15 0.24 2.95 0.77 1.70 0.12 1.85 0.32 0.06 5.37 0.16 0.12 0.29 5.35 0.88 0.12 0.39 0.14 5.97 6.91 4.67 3.43 1.23 0.25 19.89 Vol 42,416,900 41,879,300 41,143,200 37,120,900 34,880,100 34,398,300 27,429,300 18,430,400 16,122,600 15,843,800 14,342,900 13,522,200 13,277,600 12,484,100 12,231,500 11,712,600 10,297,200 10,189,800 9,391,200 9,178,800 8,353,700 8,271,400 7,647,200 7,203,100 6,575,700 6,115,500 5,458,600 5,025,600 4,730,700 4,705,500 20-day avg vol 15,128,130 54,126,800 14,716,630 23,746,600 33,009,200 9,780,175 12,563,880 14,494,330 5,493,970 13,068,010 42,519,040 11,465,380 8,007,820 32,992,500 15,341,270 2,500,445 3,812,220 10,763,380 10,644,820 1,923,435 25,228,200 11,948,200 10,514,440 4,186,990 4,651,720 5,345,325 4,738,885 6,100,300 7,814,460 3,452,460 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
  41. 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 HARRISONS HLDGS 3.87 0.93 MHC PLANTATIONS 3 MALAYAN FLOUR 1.65 4 PRESTAR RESOURCE 0.97 5 0.25 SMRT HOLDINGS BH 6 CN ASIA CORP 0.52 7 2.38 GE-SHEN CORP BHD 8 JOHORE TIN BHD 1.45 9 1.99 SCC 10 SEACERA GROUP 1.28 11 HIL INDUSTRIES B 1.08 12 9.40 MALAYAN BANKING 13 EP MANUFACTURING 0.80 14 1.64 LTKM BHD 15 EVERSENDAI CORP 0.80 16 6.08 IHH HEALTHCARE B 17 GREEN PACKET BHD 0.37 18 SCIENTEX BHD 8.71 19 2.46 GD EXPRESS CARRI 20 3.24 AIRASIA BHD Raw data sourced from Bloomberg 1 2 Bollinger Band RSI Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 3.23 0.85 1.42 0.88 0.16 0.36 1.88 1.30 1.62 0.77 0.83 8.81 0.41 1.10 0.65 5.97 0.32 6.87 1.97 2.95 3.53 0.89 1.52 0.92 0.19 0.42 2.11 1.37 1.75 0.99 0.94 9.01 0.59 1.34 0.71 6.02 0.34 7.73 2.20 3.09 3.82 0.92 1.63 0.96 0.23 0.49 2.33 1.44 1.89 1.21 1.06 9.20 0.78 1.58 0.78 6.07 0.36 8.59 2.43 3.23 76.60 59.66 67.97 60.19 80.47 70.16 78.72 66.09 78.27 84.73 70.40 81.44 76.49 83.60 73.16 58.18 69.43 88.78 80.34 69.68 3.63 0.89 1.57 0.92 0.21 0.45 2.18 1.39 1.76 1.05 0.97 9.05 0.64 1.40 0.73 6.04 0.34 8.08 2.29 3.11 3.47 0.89 1.50 0.92 0.19 0.41 2.05 1.36 1.75 0.98 0.94 8.97 0.57 1.33 0.69 6.00 0.33 7.60 2.09 3.02 3.41 0.90 1.49 0.91 0.18 0.37 2.02 1.37 1.74 0.97 0.94 8.81 0.56 1.33 0.67 6.02 0.31 7.46 1.90 2.89 Vol 208,400 324,600 3,604,300 9,178,800 11,712,600 72,500 1,224,500 2,795,800 407,300 16,122,600 529,100 41,143,200 671,900 395,700 3,888,800 7,203,100 13,277,600 541,100 2,564,800 18,430,400 20-day avg vol 34,160 56,650 693,170 1,923,435 2,500,445 17,585 324,395 776,490 115,430 5,493,970 188,065 14,716,630 254,775 165,725 2,199,525 4,186,990 8,007,820 371,075 2,012,555 14,494,330 *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 PETRONAS GAS BHD 18.40 5.01 APOLLO FOOD HLDG 3 LAFARGE MALAYSIA 6.44 4 CAPITAMALLS MALA 1.51 5 1.19 COUNTRY HEIGHTS 6 KOSSAN RUBBER IN 6.04 7 0.02 PERWAJA HOLDINGS 8 OSK HOLDINGS BHD 1.53 9 2.75 BERJAYA SPORTS 10 PCCS GROUP BHD 0.42 11 2.70 BOUSTEAD HLDGS 12 BERJAYA LAND 0.53 13 EURO HOLDINGS BH 0.23 14 0.05 KINSTEEL BHD 15 SUPERMAX CORP 1.94 16 1.43 CIMB FTSE CHINA 17 MITRAJAYA HLDG 1.30 18 0.62 PENSONIC HLDGS 19 LFE CORP BHD 0.29 20 DATAPREP HLDGS 0.44 Raw data sourced from Bloomberg 1 2 RSI Bollinger Band Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 18.58 5.08 6.48 1.53 1.21 6.06 0.04 1.54 2.76 0.43 2.71 0.53 0.23 0.05 1.94 1.43 1.30 0.62 0.29 0.44 19.49 5.16 6.66 1.61 1.33 6.20 0.06 1.60 2.87 0.47 2.75 0.56 0.25 0.06 1.97 1.48 1.34 0.63 0.31 0.54 20.41 5.24 6.83 1.69 1.46 6.34 0.08 1.66 2.98 0.52 2.80 0.58 0.26 0.07 2.00 1.53 1.37 0.65 0.32 0.64 16.41 30.69 40.67 20.82 31.80 30.69 21.32 39.76 21.00 36.69 29.11 29.11 36.74 41.80 33.83 36.62 41.13 38.12 31.63 43.11 19.21 5.15 6.62 1.58 1.32 6.16 0.05 1.59 2.82 0.45 2.73 0.55 0.24 0.06 1.97 1.47 1.33 0.63 0.30 0.50 19.60 5.17 6.70 1.63 1.33 6.24 0.06 1.58 2.89 0.48 2.76 0.56 0.25 0.06 1.98 1.48 1.33 0.63 0.31 0.51 19.86 5.20 6.67 1.62 1.35 6.31 0.07 1.54 2.91 0.43 2.78 0.57 0.24 0.05 2.01 1.45 1.30 0.64 0.31 0.40 Vol 1,418,300 56,300 1,080,400 2,865,800 35,600 441,000 46,588,400 891,700 3,211,200 1,000 478,700 76,000 626,500 11,131,400 1,872,000 500 2,079,600 149,200 75,000 3,614,100 20-day avg vol 977,095 11,295 658,440 573,260 156,065 250,910 4,660,820 1,111,115 1,387,550 23,425 344,460 109,995 1,321,990 2,463,270 1,373,925 7,890 1,600,245 90,200 533,330 15,704,670 *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
  42. 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 SCIENTEX BHD SEACERA GROUP EA HOLDINGS LTKM BHD MALAYAN BANKING SMRT HOLDINGS BH GD EXPRESS CARRI A & M REALTY BHD CONNECTCOUNTY WILLOWGLEN MSC B TEX CYCLE TECH GE-SHEN CORP BHD SUNWAY BHD SCC BERJAYA ASSETS B ANCOM BHD HARRISONS HLDGS EP MANUFACTURING VITROX CORP BHD BINTULU PORT HLD Price 8.71 1.28 0.12 1.64 9.40 0.25 2.46 1.79 0.29 1.50 1.28 2.38 3.40 1.99 1.04 0.59 3.87 0.80 5.12 6.50 Bollinger Band RSI Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 6.87 0.77 0.06 1.10 8.81 0.16 1.97 1.29 0.26 0.71 1.02 1.88 3.17 1.62 0.87 0.41 3.23 0.41 4.32 5.97 7.73 0.99 0.09 1.34 9.01 0.19 2.20 1.56 0.28 1.17 1.13 2.11 3.27 1.75 0.98 0.50 3.53 0.59 4.70 6.14 8.59 1.21 0.12 1.58 9.20 0.23 2.43 1.83 0.29 1.63 1.24 2.33 3.38 1.89 1.08 0.59 3.82 0.78 5.07 6.32 88.78 84.73 83.67 83.60 81.44 80.47 80.34 80.26 80.23 80.10 79.56 78.72 78.67 78.27 76.78 76.63 76.60 76.49 75.99 74.89 8.08 1.05 0.10 1.40 9.05 0.21 2.29 1.67 0.28 1.39 1.17 2.18 3.32 1.76 1.02 0.54 3.63 0.64 4.73 6.14 7.60 0.98 0.08 1.33 8.97 0.19 2.09 1.51 0.26 1.08 1.13 2.05 3.24 1.75 0.94 0.48 3.47 0.57 4.62 6.13 7.46 0.97 0.07 1.33 8.81 0.18 1.90 1.44 0.22 0.98 1.13 2.02 3.19 1.74 0.91 0.45 3.41 0.56 4.40 6.18 Vol 541,100 16,122,600 12,484,100 395,700 41,143,200 11,712,600 2,564,800 729,400 3,580,100 901,600 578,800 1,224,500 1,667,000 407,300 283,500 479,300 208,400 671,900 161,200 1,000 20-day avg vol 371,075 5,493,970 32,992,500 165,725 14,716,630 2,500,445 2,012,555 456,620 5,102,695 2,840,080 178,780 324,395 1,401,722 115,430 1,137,175 706,410 34,160 254,775 257,080 163,200 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 PETRONAS GAS BHD 18.40 CAPITAMALLS MALA 1.51 3 BERJAYA SPORTS 2.75 4 PERWAJA HOLDINGS 0.02 5 GOODWAY INTEGRAT 0.32 6 SARAWAK OIL PALM 3.42 7 BERJAYA CORP BHD 0.35 8 TOP GLOVE CORP B 4.80 9 BERJAYA LAND 0.53 10 BOUSTEAD HLDGS 2.70 11 YTL CORP BHD 1.46 12 APOLLO FOOD HLDG 5.01 13 KOSSAN RUBBER IN 6.04 14 COMPUTER FORMS 1.05 15 LFE CORP BHD 0.29 16 TMC LIFE SCIENCE 0.90 17 COUNTRY HEIGHTS 1.19 18 IJM PLANTATIONS 3.08 19 SURIA CAPITAL 2.07 20 BATU KAWAN BHD 19.00 Raw data sourced from Bloomberg 1 2 Bollinger Band RSI Moving Average Lower Middle Upper 14-day 10-day 30-day 50-day 18.58 1.53 2.76 0.04 0.23 3.38 0.35 4.78 0.53 2.71 1.46 5.08 6.06 1.03 0.29 0.90 1.21 3.06 2.04 18.88 19.49 1.61 2.87 0.06 0.42 3.54 0.37 4.91 0.56 2.75 1.50 5.16 6.20 1.09 0.31 0.93 1.33 3.16 2.15 19.31 20.41 1.69 2.98 0.08 0.60 3.70 0.39 5.03 0.58 2.80 1.53 5.24 6.34 1.15 0.32 0.96 1.46 3.26 2.27 19.74 16.41 20.82 21.00 21.32 24.45 26.19 27.86 27.91 29.11 29.11 30.68 30.69 30.69 31.06 31.63 31.72 31.80 31.88 32.55 33.63 19.21 1.58 2.82 0.05 0.33 3.47 0.36 4.86 0.55 2.73 1.49 5.15 6.16 1.07 0.30 0.92 1.32 3.13 2.10 19.13 19.60 1.63 2.89 0.06 0.45 3.57 0.38 4.99 0.56 2.76 1.49 5.17 6.24 1.11 0.31 0.94 1.33 3.17 2.18 19.35 19.86 1.62 2.91 0.07 0.47 3.65 0.38 5.05 0.57 2.78 1.51 5.20 6.31 1.15 0.31 0.94 1.35 3.24 2.14 19.45 Vol 1,418,300 2,865,800 3,211,200 46,588,400 615,100 86,800 12,357,000 3,818,000 76,000 478,700 9,032,200 56,300 441,000 5,000 75,000 890,700 35,600 2,100 11,800 88,300 20-day avg vol 977,095 573,260 1,387,550 4,660,820 1,236,520 117,960 11,833,290 1,960,440 109,995 344,460 5,666,340 11,295 250,910 550 533,330 470,590 156,065 329,045 45,170 21,585 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
  43. 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) 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
  44. T e c h n i c a l TA Securities V i e w Tuesday , April 25, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Foreign Technical Stock Watch Australia ASX: 5,871.78 (+17.64, +0.30%) THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo 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 Tel: +603-2167 9607 stsoo@ta.com.my Close Bollinger Bands RSI Moving Averages DMI Change High Low 24-Apr Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff 5871.78 17.64 5894.70 5853.80 5760.04 5856.72 5953.40 53.13 5870.11 5820.05 5795.27 31.80 23.79 20.54 8.02 23.94 59.82 86.23 34.61 31.98 33.37 43.75 32.38 23.58 9.04 5.31 12.62 7.47 5.21 3.63 89.10 13.56 18.13 7.27 9.50 15.65 4.84 1.81 13.82 3.97 11.90 -0.10 -0.42 0.59 0.26 0.17 0.30 -0.14 0.27 0.00 -0.09 -0.14 0.11 0.05 0.01 0.03 1.37 0.03 0.07 0.05 -0.11 0.25 -0.06 0.01 0.18 0.03 0.00 24.17 60.70 86.46 34.83 32.13 33.49 43.89 32.48 23.63 9.15 5.51 12.72 7.50 5.26 3.65 89.20 13.67 18.24 7.34 9.58 15.65 4.91 1.82 13.91 4.01 12.18 23.73 59.40 85.75 34.39 31.83 33.21 43.56 32.02 23.11 8.97 5.25 12.55 7.39 5.20 3.58 87.84 13.50 17.93 7.22 9.19 15.33 4.82 1.78 13.61 3.96 11.77 23.15 58.08 83.24 33.59 30.96 31.93 43.55 30.77 21.73 8.59 5.15 12.40 6.67 4.98 3.58 86.24 12.78 17.32 6.94 10.11 14.80 4.49 1.73 13.50 3.86 11.47 24.31 60.12 85.34 34.54 31.69 32.83 44.54 32.39 23.49 8.96 5.95 12.77 7.18 5.17 3.76 88.30 13.20 17.73 7.28 10.63 15.17 4.74 1.79 13.89 3.93 12.24 25.47 62.16 87.44 35.49 32.42 33.74 45.53 34.01 25.25 9.34 6.75 13.13 7.69 5.35 3.93 90.36 13.62 18.14 7.62 11.14 15.54 5.00 1.84 14.29 4.00 13.02 44.93 48.62 53.79 48.80 53.67 55.91 45.41 47.68 53.34 58.23 37.19 43.48 66.00 55.93 39.70 48.44 59.61 53.59 49.44 24.52 65.81 65.84 49.71 44.18 57.87 43.42 24.56 60.04 85.50 34.46 31.65 32.82 44.55 32.97 24.23 9.10 5.69 12.72 7.40 5.23 3.75 87.89 13.33 17.80 7.38 10.63 15.30 4.85 1.78 13.85 3.93 12.05 24.30 60.34 84.98 34.57 31.67 32.73 44.35 31.95 22.94 8.83 6.11 12.78 6.97 5.11 3.71 88.36 13.23 17.77 7.15 10.55 14.93 4.67 1.80 13.90 3.89 12.34 24.92 62.27 84.43 34.24 31.26 32.36 43.70 31.74 22.74 8.86 6.35 12.70 6.90 5.09 3.77 87.71 13.29 18.13 7.11 10.42 14.75 4.65 1.85 13.75 3.77 12.42 24.39 26.45 24.88 27.16 24.45 28.16 17.10 26.51 28.53 30.35 13.43 23.46 34.12 21.25 19.74 19.79 28.64 25.09 23.16 12.17 27.37 29.06 25.94 15.39 21.87 25.06 29.94 30.36 22.07 27.53 24.36 20.49 26.43 29.80 24.14 13.75 39.42 30.23 16.37 12.37 31.11 25.00 22.27 17.75 25.50 48.68 15.41 14.53 23.95 24.58 15.75 31.14 14.15 15.61 13.37 13.13 14.57 15.36 16.12 23.46 24.57 33.74 36.11 16.09 31.38 24.53 16.41 12.41 12.57 14.11 21.71 24.98 22.81 32.56 9.70 20.09 18.21 16.48 (5.55) (3.90) 2.81 (0.37) 0.09 7.67 (9.33) (3.29) 4.39 16.60 (25.99) (6.77) 17.75 8.88 (11.37) (5.21) 6.37 7.33 (2.34) (36.51) 11.96 14.53 1.99 (9.19) 6.12 (6.09) www.taonline.com.my MACD DMI MACD DMI MACD Line Signal Diff Recent Signal Signal Change 20.49 27.64 (7.144) BUY SELL BUY -0.18 -0.14 (0.041) SELL SELL -0.62 -0.61 (0.019) SELL SELL 0.35 0.46 (0.106) BUY SELL BUY 0.04 0.13 (0.086) SELL SELL 0.09 0.15 (0.053) BUY SELL BUY 0.16 0.20 (0.046) BUY SELL BUY 0.20 0.34 (0.138) SELL SELL 0.34 0.41 (0.077) SELL SELL SELL 0.47 0.52 (0.050) BUY SELL - SELL 0.11 0.09 0.023 BUY BUY -0.29 -0.20 (0.085) SELL SELL -0.05 0.01 (0.060) SELL SELL 0.18 0.17 0.012 BUY BUY 0.05 0.05 (0.003) BUY SELL - SELL -0.03 -0.01 (0.022) SELL SELL -0.12 0.13 (0.252) SELL SELL 0.06 0.01 0.048 BUY BUY -0.06 -0.10 0.046 BUY BUY BUY 0.07 0.09 (0.025) SELL SELL 0.01 0.09 (0.085) SELL SELL SELL 0.19 0.19 0.001 BUY BUY 0.09 0.07 0.016 BUY BUY -0.02 -0.02 0.004 BUY BUY BUY -0.02 0.05 (0.070) SELL SELL 0.04 0.06 (0.011) BUY SELL -0.21 -0.12 (0.086) SELL SELL - 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. Page 1 of 2
  45. TA Securities A Member of the TA Group 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. 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 EPS ($) PER(x) Div Yield(%) Close Target Price % upside 23.94 27.70 14% 59.82 70.69 15% 4.70 3.46 9.6 13.1 4.570 3.425 86.23 84.38 -2% 5.65 5.88 15.3 14.7 4.921 5.071 34.61 34.33 -1% 2.42 2.52 14.3 13.7 5.386 5.435 31.98 31.60 -1% 2.39 2.44 13.4 13.1 5.053 33.37 32.77 -2% 2.42 2.48 13.8 13.4 43.75 43.46 -1% 2.61 2.63 16.8 32.38 33.15 2% 1.26 1.43 23.58 22.91 -3% 0.70 9.04 9.48 5% 5.31 6.27 15% 12.62 13.64 7% 0.64 0.81 15.0 11.9 7.47 7.36 -1% 0.30 0.56 24.7 13.4 5.21 5.31 2% 0.36 0.37 14.7 14.0 3.63 4.34 16% 0.12 0.17 22.9 16.3 89.10 88.06 -1% 6.14 6.36 14.5 13.56 13.77 2% 0.90 0.97 15.0 18.13 16.75 -8% 1.05 1.13 7.27 8.03 9% 0.21 9.50 9.49 0% 0.56 15.65 15.97 2% 0.61 0.65 19.5 18.2 4.84 4.83 0% 0.32 0.34 15.1 14.4 1.81 1.86 3% 0.11 0.10 12.2 14.1 5.928 13.82 13.82 0% 0.55 0.61 19.1 17.2 1.896 3.97 4.39 10% 0.53 0.53 7.53 7.50 3.703 11.90 12.23 3% 0.64 0.73 18.7 16.4 3.218 52week Price % Chg 2017 2018 2017 2018 2017 2018 High Low YTD 1.50 1.26 12.1 14.4 3.596 3.325 27.96 17.29 -4.47 69.80 41.51 -0.13 86.68 69.22 4.64 35.39 27.57 6.17 5.128 32.44 22.66 5.13 5.874 5.844 33.63 23.90 8.80 16.6 5.047 5.127 46.06 38.62 3.82 19.4 17.1 3.153 3.524 33.97 25.10 3.92 0.91 25.5 19.6 0.729 1.039 27.20 16.35 16.44 0.33 0.36 20.7 19.1 2.832 2.887 11.14 8.21 -3.62 0.78 0.50 5.1 8.0 5.819 3.710 7.27 2.81 -9.85 3.336 3.970 13.28 9.22 1.61 0.000 1.312 7.57 4.69 13.35 5.566 5.816 5.96 4.39 3.37 1.047 1.956 5.07 3.30 -9.70 14.0 4.779 4.962 90.93 61.05 2.27 13.9 5.361 5.789 13.95 11.27 0.30 17.2 16.0 2.956 3.194 19.49 12.04 2.55 0.24 26.3 22.5 1.197 1.444 7.75 6.19 1.39 0.58 17.0 16.4 4.842 4.968 10.87 7.94 -6.13 2.728 3.054 16.66 13.62 4.68 5.310 5.517 5.11 4.03 5.68 5.762 2.04 1.21 -1.37 2.026 14.33 8.63 10.91 4.534 4.02 2.58 19.22 3.311 13.62 7.40 -7.25 Note : The above data is based on Bloomberg consensus. 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 2 of 2
  46. T e c h n i c a l TA Securities V i e w Tuesday , April 25, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Foreign Technical Stock Watch Hong Kong HSI: 24,139.48 (+97.46, +0.41%) THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo Close Name 24-Apr HANG SENG 24,139.48 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 63.00 82.80 6.23 4.99 9.06 23.00 3.70 115.00 5.51 238.00 190.80 95.05 42.40 6.30 17.86 79.55 3.26 31.15 156.50 15.36 74.25 19.70 66.15 22.75 69.60 5.27 48.85 5.93 3.85 10.26 31.15 6.05 44.40 12.94 18.86 9.56 21.65 21.90 13.76 3.96 11.22 11.04 8.52 2.70 2.37 49.80 35.45 41.50 Change Tel: +603-2167 9607 High Lower 97.46 0.70 (1.05) 0.05 0.03 0.01 0.30 0.02 (1.50) (0.01) 1.60 0.00 1.90 0.40 0.03 0.06 (0.10) 0.04 0.30 2.80 (0.02) 0.25 0.04 0.00 (0.05) 2.10 0.00 (0.15) 0.07 (0.05) 0.06 0.00 0.05 0.10 0.06 (0.22) (0.08) 0.15 (0.25) (0.08) (0.09) 0.18 0.12 0.11 0.00 (0.02) 0.05 (0.55) (0.75) 24,206.44 23,958.18 63.40 84.45 6.25 5.03 9.10 23.35 3.72 116.30 5.54 240.00 191.90 95.40 42.65 6.35 17.96 80.25 3.29 31.30 157.00 15.46 75.45 19.76 66.50 22.85 69.60 5.27 49.10 5.96 3.93 10.48 31.25 6.12 44.55 13.00 19.22 9.66 21.75 22.55 13.96 4.10 11.36 11.04 8.52 2.72 2.37 50.30 36.05 42.40 62.20 82.35 6.17 4.97 8.96 22.75 3.66 114.60 5.44 236.60 190.10 94.10 42.15 6.21 17.52 79.10 3.23 30.70 154.30 15.30 73.90 19.60 65.30 22.55 67.60 5.27 48.60 5.86 3.79 10.00 30.65 6.00 43.90 12.80 18.58 9.41 21.50 21.70 13.70 3.91 10.92 10.88 8.35 2.66 2.37 49.30 35.20 40.70 RSI Bollinger Bands Low 23,901.32 62.09 82.48 6.10 4.89 8.93 22.39 3.57 113.09 5.54 220.28 190.81 93.16 41.57 6.09 17.74 79.29 3.04 30.86 153.81 15.16 73.75 19.67 65.23 21.88 66.28 4.96 47.70 5.78 3.86 9.99 30.88 5.82 42.64 12.89 17.38 9.52 21.03 21.63 13.70 3.65 10.77 10.76 8.20 2.49 2.33 48.86 34.63 41.03 Mid stsoo@ta.com.my Upper 14d 24,207.41 24,513.51 48.35 63.12 85.61 6.28 5.06 9.28 23.53 3.79 116.11 5.70 227.68 194.66 95.65 42.97 6.32 18.26 81.18 3.43 31.76 157.16 15.57 76.92 20.40 67.08 22.97 67.75 5.14 48.92 5.98 4.04 10.47 31.87 6.35 43.83 13.54 18.44 9.72 21.98 22.33 14.17 3.93 11.11 11.03 8.51 2.87 2.37 49.58 36.29 42.65 64.15 88.73 6.46 5.22 9.62 24.67 4.00 119.12 5.86 235.08 198.50 98.14 44.37 6.55 18.77 83.07 3.83 32.67 160.50 15.99 80.09 21.13 68.93 24.06 69.21 5.32 50.14 6.18 4.21 10.95 32.87 6.88 45.02 14.19 19.50 9.92 22.93 23.03 14.65 4.21 11.46 11.30 8.81 3.25 2.42 50.29 37.94 44.27 39.11 41.41 45.63 43.35 39.37 36.47 38.36 54.15 31.44 68.64 38.63 31.56 41.14 51.37 50.23 44.35 30.47 36.84 37.53 47.98 31.57 40.59 49.96 42.12 43.95 57.23 59.86 40.46 41.41 48.62 40.30 31.06 63.09 36.57 61.90 46.13 45.46 50.01 41.44 53.55 46.83 44.53 47.80 37.02 52.07 53.57 51.63 54.80 Moving Averages 10d 24,131.62 63.02 84.52 6.20 4.98 9.32 23.04 3.69 117.36 5.65 229.94 193.54 94.76 42.35 6.37 18.09 81.13 3.28 31.46 156.09 15.63 75.88 20.28 66.47 23.02 68.36 5.17 49.44 5.89 4.06 10.46 31.51 6.12 44.27 13.29 18.90 9.74 22.23 22.35 14.15 4.03 11.01 10.94 8.41 2.70 2.39 49.53 36.78 43.05 30d www.taonline.com.my DMI 50d DI + DMI MACD DI - ADX Diff Line Signal Diff MACD Recent Signal DMI MACD Signal Change 24,144.18 24,017.07 22.65 27.52 18.43 (4.87) 12.99 58.11 (45.115) SELL SELL - - 63.29 85.73 6.28 5.07 9.18 23.78 3.83 115.26 5.73 224.41 194.60 95.91 42.78 6.19 17.70 80.37 3.52 31.71 157.74 15.39 77.56 20.33 67.07 23.52 67.79 5.18 47.92 6.02 4.02 10.25 31.89 6.54 43.29 13.48 18.22 9.78 21.90 22.08 14.25 3.95 11.22 11.07 8.51 2.97 2.40 49.55 35.69 41.57 64.12 86.15 6.26 5.05 9.26 23.88 3.85 113.66 5.85 218.10 195.46 95.06 42.41 6.15 17.13 79.54 3.50 31.52 159.14 15.22 78.62 20.06 64.41 23.69 68.65 5.22 46.57 6.06 4.06 9.91 32.35 6.55 42.33 13.33 17.95 9.74 21.62 21.92 14.21 4.02 11.25 11.22 8.51 2.98 2.38 49.15 34.40 39.65 30.04 25.57 22.64 27.04 26.40 24.39 32.40 20.54 28.57 12.33 22.93 24.52 16.61 20.94 20.65 27.88 30.25 27.23 24.88 25.14 29.04 23.99 16.35 20.09 14.62 18.62 18.38 28.19 22.57 17.86 27.15 26.72 16.98 23.37 11.73 19.40 21.06 17.88 20.53 17.93 21.47 27.24 16.76 25.80 20.42 23.44 20.18 15.50 10.83 19.85 15.90 19.89 20.37 20.36 26.27 21.82 19.11 28.46 17.55 28.49 21.53 23.81 23.18 34.16 31.38 26.09 27.99 36.26 22.42 16.41 24.73 16.41 14.45 17.09 33.87 20.86 12.42 29.97 22.49 28.27 43.73 26.22 34.69 14.57 18.92 19.73 14.81 14.52 13.70 29.65 11.52 27.91 25.86 15.11 28.82 43.66 (7.35) (7.94) (3.76) (8.91) (7.21) (5.37) (13.95) (0.38) (11.43) 22.67 (10.19) (15.52) 1.02 1.53 3.78 (11.33) (17.59) (15.33) (13.74) (12.35) (17.36) (6.07) 6.38 (0.51) 0.17 3.49 7.66 (11.30) (3.30) 3.99 (12.51) (13.44) 9.69 (11.30) 17.59 1.49 1.16 3.51 0.74 5.50 7.21 (12.77) 1.21 (8.57) 11.59 (2.45) (1.29) 8.18 -0.36 -0.69 -0.03 -0.03 -0.01 -0.32 -0.06 1.15 -0.07 4.39 -0.84 -0.47 -0.13 0.05 0.21 0.23 -0.10 -0.13 -1.14 0.08 -1.15 -0.03 0.35 -0.20 -0.02 0.02 0.84 -0.06 -0.02 0.12 -0.30 -0.19 0.61 -0.10 0.39 -0.01 0.18 0.12 -0.07 0.03 -0.09 -0.10 -0.03 -0.10 0.00 0.08 0.49 0.86 -0.27 -0.46 -0.01 -0.01 0.02 -0.19 -0.04 1.28 -0.06 4.05 -0.20 -0.09 0.07 0.08 0.35 0.63 -0.07 0.04 -0.68 0.15 -0.80 0.11 0.69 -0.22 -0.05 0.00 0.98 -0.04 0.00 0.20 -0.20 -0.14 0.69 0.00 0.34 0.01 0.25 0.21 -0.01 0.01 -0.06 -0.08 0.00 -0.08 0.00 0.14 0.70 1.16 (0.090) (0.236) (0.023) (0.020) (0.032) (0.136) (0.017) (0.134) (0.013) 0.345 (0.639) (0.379) (0.202) (0.027) (0.134) (0.401) (0.021) (0.168) (0.462) (0.070) (0.354) (0.140) (0.337) 0.028 0.025 0.023 (0.142) (0.020) (0.019) (0.086) (0.099) (0.045) (0.075) (0.105) 0.047 (0.012) (0.072) (0.092) (0.058) 0.023 (0.033) (0.016) (0.028) (0.023) (0.001) (0.057) (0.204) (0.298) SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL BUY BUY BUY SELL SELL SELL SELL SELL SELL SELL BUY SELL BUY BUY BUY SELL SELL BUY SELL SELL BUY SELL BUY BUY BUY BUY BUY BUY BUY SELL BUY SELL BUY SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY BUY BUY SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL BUY BUY BUY BUY BUY BUY - - 22.69 17.63 18.88 18.13 19.19 19.02 18.45 20.17 17.14 35.00 12.75 9.01 17.63 22.47 24.43 16.55 12.67 11.90 11.14 12.79 11.68 17.93 22.74 19.57 14.79 22.11 26.04 16.89 19.27 21.85 14.64 13.29 26.67 12.06 29.32 20.89 22.22 21.40 21.28 23.43 28.68 14.46 17.97 17.23 32.00 20.99 18.89 23.68 The table above 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. Page 1 of 2
  47. TA Securities A Member of the TA Group 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. 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(%) 52week Price % Chg Stock Name Close Target Price % upside 2017 2018 2017 2018 2017 2018 High Low YTD 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 63.00 62.86 0% 0.6 0.7 13.6 12.4 0.8 0.8 69.10 44.50 1.20 82.80 106.09 22% 5.7 6.1 13.0 12.1 3.2 3.4 99.30 80.30 0.73 6.23 7.64 18% 0.9 1.0 5.8 5.6 4.6 4.8 6.55 4.50 4.36 4.99 6.05 17% 0.8 0.8 5.6 5.4 4.7 4.9 5.27 3.82 9.06 11.08 18% 0.6 0.8 13.6 10.3 3.6 3.9 10.88 8.70 -6.60 23.00 28.01 18% 0.9 1.1 22.1 18.3 1.4 1.6 25.50 16.00 13.86 3.70 4.48 17% 0.6 0.6 5.7 5.3 4.7 5.1 4.08 2.90 7.56 115.00 128.59 11% 8.8 9.6 13.1 12.0 3.5 3.6 123.30 85.40 17.35 7.31 5.51 7.00 21% 0.3 0.4 19.1 12.4 2.0 3.0 6.38 4.92 -4.67 238.00 259.08 8% 6.2 7.9 34.1 26.6 0.3 0.4 240.00 152.20 25.46 190.80 197.45 3% 5.7 6.3 33.6 30.2 2.7 2.9 213.20 175.00 4.15 95.05 114.40 17% 9.3 10.1 10.3 9.5 3.0 3.3 103.90 80.60 8.13 42.40 44.95 55.49 24% 3.7 4.1 10.2 9.2 1.7 1.8 32.50 9.28 6.30 7.35 14% 0.4 0.5 12.6 11.1 4.0 4.5 6.57 4.96 14.55 17.86 18.90 5% 1.6 1.5 10.1 10.6 3.3 3.3 19.78 11.40 22.33 79.55 79.60 0% 5.0 5.2 15.8 15.3 3.6 3.7 84.35 69.65 11.65 3.26 3.16 -3% 0.0 0.0 15.0 13.5 0.8 0.8 5.07 3.18 -4.40 12.25 31.15 35.87 13% 2.7 2.9 11.6 10.8 4.4 4.6 32.55 21.01 156.50 154.53 -1% 9.2 10.1 16.9 15.5 4.0 4.3 164.40 127.60 8.45 15.36 12.92 -19% 0.6 0.6 25.8 24.7 2.4 2.6 15.92 12.95 11.79 74.25 77.17 4% 5.0 5.2 15.0 14.2 3.7 3.9 94.40 72.20 0.27 19.70 19.66 0% 1.2 1.1 16.4 18.2 3.8 3.8 21.00 13.64 19.83 66.15 66.22 0% 4.7 4.8 14.1 13.7 3.3 3.5 69.95 40.05 28.32 22.75 28.89 21% 3.2 3.6 7.1 6.3 3.6 4.2 27.85 20.15 10.71 69.60 73.83 6% 3.4 3.6 20.2 19.5 4.0 4.1 73.25 62.78 8.92 5.27 4.98 -6% 0.4 0.4 11.7 11.6 4.6 4.7 5.79 4.07 20.87 48.85 49.14 1% 3.3 3.2 15.1 3.2 3.2 50.20 39.64 18.42 5.93 6.10 3% 0.9 0.9 5.9 5.6 4.6 4.8 6.44 4.46 5.70 3.85 4.68 18% 0.3 0.3 10.8 11.5 2.3 2.0 4.88 2.92 4.62 10.26 12.14 15% 0.2 0.4 42.2 22.3 0.7 1.4 11.20 7.70 13.62 31.15 25.91 34.75 26.35 14.8 -20% 2.2 1.8 14.2 17.6 3.0 2.6 6.05 5.89 -3% 0.0 0.2 208.6 37.6 0.0 1.2 7.62 5.34 -0.66 44.40 39.91 -11% 1.6 1.6 28.0 27.2 7.4 2.5 44.80 35.55 17.77 4.88 12.94 13.86 7% 0.8 0.8 15.4 15.6 3.9 4.0 14.48 10.96 11.36 18.86 19.03 1% 0.6 0.7 29.7 25.5 1.1 1.2 19.60 14.46 22.47 9.56 11.17 14% 0.8 0.8 12.3 11.6 4.6 4.6 10.46 6.91 16.59 21.65 28.28 23% 2.8 3.2 7.8 6.7 3.7 4.2 23.85 16.50 24.14 21.90 24.73 11% 1.6 1.7 13.5 13.1 3.4 3.6 23.95 18.80 13.83 13.76 15.14 9% 1.3 1.5 10.2 9.1 6.1 6.2 15.10 10.70 11.69 3.96 4.71 16% 0.2 0.2 17.0 14.7 2.25 23.75 11.22 10.10 -11% -0.1 0.2 N/A 47.1 0.5 0.7 13.30 10.00 10.00 11.04 12.35 11% 1.6 1.7 7.1 6.6 3.1 3.9 12.78 10.54 -0.54 8.52 9.09 6% 0.1 0.1 13.9 12.7 0.4 0.4 9.17 7.28 9.37 2.70 3.08 12% 0.0 0.0 49.6 13.9 0.5 0.6 3.35 2.31 10.20 0.0 0.0 N/A N/A 0.3 0.0 0.5 0.0 4.45 2.37 2.45 3% 2.00 4.87 49.80 56.92 13% 0.4 0.4 17.3 15.7 0.3 0.3 54.15 42.30 13.83 35.45 38.32 7% 0.2 0.2 23.9 21.3 0.7 0.7 39.30 2.80 24.60 5.19 41.50 44.49 7% 1.7 1.8 24.7 22.7 1.2 1.3 44.05 21.73 23.55 Note : The above data based on Bloomberg consensus. 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 2 of 2
  48. T e c h n i c a l TA Securities V i e w Tuesday , April 25, 2017 A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 • Foreign Technical Stock Watch FSSTI: 3,144.03 (+4.20, +0.13%) Singapore THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Chartist: Stephen Soo 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 Change 24-Apr 3,144.03 4.20 3.73 19.00 9.64 21.88 64.71 3.52 7.62 3.62 1.07 6.51 7.46 10.16 2.34 0.15 10.26 41.64 3.43 47.60 0.35 3.80 1.91 2.00 3.05 1.72 2.70 2.80 3.66 0.47 1.08 0.00 0.23 0.05 0.11 (0.09) 0.01 (0.07) 0.00 (0.01) (0.05) (0.01) (0.01) (0.01) 0.00 0.00 (0.34) 0.03 0.77 0.01 0.01 0.00 (0.01) (0.04) (0.01) 0.01 0.02 (0.04) 0.01 (0.02) Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my High Low Bollinger Bands RSI Lower Mid Upper 14d 3,156.89 3,129.26 3,120.91 3,162.45 3,203.99 46.40 Moving Averages 10d 30d 50d DI + 3,156.86 3,157.05 3,139.19 19.75 DI 26.77 ADX 16.17 Diff (7.02) Line 0.41 MACD DMI MACD DMI MACD Signal Diff Recent Signal Signal Change 6.82 (6.410) SELL SELL - 3.75 19.02 9.70 21.98 65.25 3.55 7.71 3.66 1.08 6.53 7.51 10.20 2.34 0.15 10.35 42.12 3.44 48.00 0.35 3.81 1.92 2.00 3.07 1.72 2.70 2.80 3.70 0.47 1.11 3.70 18.89 9.61 21.81 64.15 3.47 7.59 3.58 1.04 6.47 7.42 10.08 2.34 0.15 10.17 41.47 3.40 46.50 0.34 3.76 1.90 1.99 3.01 1.69 2.67 2.76 3.66 0.46 1.06 3.79 18.99 9.62 21.82 65.45 3.49 7.73 3.67 1.07 6.80 7.53 10.18 2.33 0.17 10.30 41.59 3.45 45.58 0.36 3.73 1.92 2.00 3.12 1.81 2.64 2.84 3.68 0.48 1.13 28.17 26.66 22.24 22.94 19.81 19.44 11.21 14.71 15.72 36.08 20.17 19.15 11.71 41.05 21.87 14.08 30.19 14.62 28.02 14.20 25.24 16.11 30.12 38.86 11.84 28.61 11.34 36.92 21.76 24.77 10.95 14.08 17.32 16.55 25.75 45.79 15.94 31.37 18.54 13.63 12.39 43.35 35.14 25.01 33.03 26.76 16.84 30.06 20.21 24.40 24.89 17.17 26.22 21.49 15.94 16.85 29.95 35.16 (18.70) (3.13) (5.60) 0.32 (5.95) (3.21) 17.50 3.05 8.63 (14.70) (2.23) (6.54) 23.44 (33.25) 2.70 17.32 (11.96) 15.56 (19.91) 11.88 (12.17) 4.46 (16.24) (18.76) 13.56 (14.52) 11.74 (28.87) (0.23) -0.05 -0.02 0.00 0.02 0.00 -0.04 0.14 0.00 0.02 -0.03 -0.03 0.04 0.04 -0.01 0.06 0.45 -0.04 0.46 -0.01 0.04 -0.01 0.02 -0.02 -0.02 0.04 -0.02 0.00 -0.02 0.01 -0.03 0.03 0.02 0.08 0.17 -0.04 0.17 0.02 0.02 0.01 0.00 0.05 0.05 -0.01 0.10 0.56 -0.02 0.46 -0.01 0.03 -0.01 0.01 -0.02 0.00 0.03 -0.01 0.00 -0.01 0.02 3.70 18.65 9.51 21.56 63.84 3.44 7.28 3.60 0.98 6.60 7.40 10.03 2.30 0.16 10.11 40.39 3.35 43.67 0.34 3.61 1.86 1.94 3.07 1.73 2.51 2.78 3.66 0.45 1.08 3.86 19.07 9.65 21.89 65.42 3.52 7.63 3.67 1.05 6.84 7.61 10.17 2.33 0.18 10.30 41.75 3.51 45.14 0.37 3.71 1.92 1.98 3.14 1.84 2.61 2.86 3.68 0.50 1.13 4.01 19.49 9.79 22.22 66.99 3.60 7.98 3.73 1.11 7.07 7.82 10.31 2.36 0.21 10.48 43.11 3.66 46.61 0.40 3.81 1.97 2.03 3.21 1.95 2.70 2.94 3.70 0.55 1.19 30.92 42.21 47.98 50.10 47.73 46.06 60.89 45.12 61.87 35.66 40.47 53.99 66.40 21.66 52.44 56.01 37.11 63.11 23.81 62.17 45.60 59.00 40.19 31.64 65.64 38.57 58.04 22.50 48.03 3.89 19.05 9.63 21.81 65.51 3.54 7.47 3.67 1.03 6.81 7.59 10.11 2.26 0.19 10.32 41.06 3.52 44.96 0.37 3.70 1.91 1.97 3.15 1.86 2.58 2.86 3.68 0.51 1.13 3.91 18.94 9.59 21.63 65.02 3.62 7.23 3.63 1.01 6.81 7.58 10.02 2.20 0.20 9.99 40.15 3.50 44.03 0.38 3.66 1.97 1.96 3.18 1.80 2.53 2.85 3.68 0.52 1.07 9.48 23.53 16.65 23.26 13.86 16.23 28.72 17.76 24.35 21.38 17.94 12.62 35.15 7.80 24.57 31.40 18.23 30.17 8.11 26.07 13.07 20.57 13.89 20.10 25.40 14.09 23.08 8.05 21.53 DMI (0.017) (0.054) (0.017) (0.055) (0.172) 0.004 (0.029) (0.013) 0.001 (0.047) (0.026) (0.012) (0.005) (0.003) (0.043) (0.110) (0.020) (0.006) (0.003) 0.007 (0.001) 0.003 (0.008) (0.024) 0.002 (0.011) (0.001) (0.005) (0.014) SELL SELL SELL BUY SELL SELL BUY BUY BUY SELL SELL SELL BUY SELL BUY BUY SELL BUY SELL BUY SELL BUY SELL SELL BUY SELL BUY SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL BUY SELL SELL BUY SELL SELL SELL SELL BUY BUY - BUY - The table above 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. Page 1 of 2
  49. 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. 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 EPS ($) PER(x) Div Yield(%) 52week Price % Chg Stock Name Close Target Price 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 3.73 4.21 19.00 9.64 21.88 21.18 -3% 1.9 2.1 11.3 10.6 3.3 3.4 22.15 17.41 7.25 64.71 64.13 -0.01 4.1 4.4 15.8 14.7 2.4 2.5 67.27 52.42 17.12 3.52 3.84 8% 0.2 0.2 12.8 12.0 2.0 2.2 4.00 2.96 -1.95 7.62 7.54 -1% 0.4 0.4 19.3 18.7 2.5 2.6 7.88 5.79 20.38 3.62 4.08 11% 0.2 0.2 17.2 17.7 2.8 2.9 3.79 2.85 19.87 1.07 1.06 -1% 0.0 0.0 30.4 28.0 2.7 2.8 1.10 0.69 17.68 6.51 7.03 7% 0.5 0.5 13.5 12.3 3.3 3.6 7.23 5.10 12.44 7.46 7.95 6% 0.3 0.4 22.8 21.0 3.9 4.2 7.84 6.96 4.19 10.16 9.76 -4% 0.4 0.4 23.0 23.5 3.5 2.7 11.67 9.60 5.07 2.34 2.19 -7% 0.1 0.1 30.4 30.8 1.8 1.9 2.41 1.92 11.96 YZJSGD SP YZJ % upside 2017 2018 2017 2018 2017 2018 High Low YTD 11% 0.2 0.3 15.4 14.6 4.8 5.0 4.36 3.59 2.19 19.44 2% 1.790 1.962 10.6 9.7 3.2 3.3 19.42 14.63 9.57 9.57 -1% 0.9 0.9 11.2 10.3 3.8 4.0 9.78 8.21 8.07 0.15 0.22 0.31 0.0 0.0 7.3 5.2 0.7 0.7 0.36 0.11 -10.59 10.26 10.88 6% 0.6 0.7 16.2 14.9 1.5 1.5 10.65 7.86 23.91 41.64 41.42 -1% 2.8 3.0 15.1 14.0 0.8 0.8 43.78 27.35 25.42 3.43 3.28 -4% 0.1 0.2 23.0 22.7 4.9 4.8 4.13 3.36 -2.83 47.60 50.63 6% 2.2 2.5 15.4 14.0 1.8 2.0 48.00 31.60 15.45 0.35 0.38 9% 0.0 0.0 15.5 13.8 2.0 2.3 0.45 0.33 -19.77 3.80 3.68 -3% 0.2 0.2 22.0 20.9 4.1 4.2 3.81 3.01 17.65 1.91 1.99 4% 0.1 0.1 14.1 13.6 2.5 2.6 2.17 1.58 -3.05 2.00 2.12 6% 0.1 0.1 17.5 16.9 5.5 5.5 2.25 1.87 5.84 3.05 3.59 15% 0.2 0.3 12.8 10.6 3.0 3.4 3.38 2.44 7.02 1.72 1.72 0% 0.1 0.1 32.4 24.9 1.6 1.9 2.09 1.22 24.28 2.70 2.93 8% 0.2 0.2 17.3 16.6 4.1 4.4 3.02 2.37 9.31 2.80 2.60 -8% 0.2 0.2 17.3 18.3 5.7 5.6 3.97 2.73 -0.36 3.66 3.55 -3% 0.2 0.2 23.8 23.6 4.2 4.0 3.91 3.35 8.61 0.47 0.59 20% 427 500 10.5 9.0 15754 17628 0.60 0.44 -10.48 1.08 1.07 0% 0.5 0.5 11.0 11.5 18.1 18.1 1.19 0.71 32.52 Note : The above data based on Bloomberg consensus. 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 2 of 2