Malaysia: Daily Market Commentary - 29 June

Transcription

1. Daily Note Daily Market Commentary Thursday , 29 June 2017 (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 TA Research e-mail : taresearch@ta.com.my For Internal Circulation Only KLSE Market Statistics (28.06.2017) (mil) Main Market 936.7 Warrants 168.5 ACE Market 278.3 Bond 12.7 ETF 0.0 Total 1,396.2 Off Market 42.8 Volume +/-chg (RMmn) 21.3 1,771.1 42.5 21.2 30.6 54.6 -8.2 3.7 -0.04 0.0 1,850.6 -69.3 17.0 Value +/-chg 300.8 5.6 3.8 -3.3 -0.07 -42.9 Major Indices Index +/- chg Malaysia FBMKLCI FBMEMAS FBMSCAP June 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) 24.6 5.0 4.5 4.0 2.0 1.0 Up Down 261 342 70 86 40 46 3 1 0 1 374 476 % chg % YTD chg 1,771.23 12,618.28 17,370.41 1,776.50 -8.22 -30.15 -13.54 -11.50 -0.46 -0.24 -0.08 -0.64 7.89 10.04 18.04 8.62 21,454.61 6,234.42 7,387.80 20,130.41 2,382.56 25,683.50 3,215.70 1,582.63 5,829.71 3,173.20 1,883.37 5,755.70 143.95 87.79 -46.56 -94.68 -9.39 -156.49 -3.83 -3.82 0.00 -18.00 -15.16 41.50 0.68 1.43 -0.63 -0.47 -0.39 -0.61 -0.12 -0.24 0.00 -0.56 -0.80 0.73 8.56 15.81 3.43 5.32 17.57 16.74 11.63 2.57 10.06 2.24 -4.35 1.59 @ @ @ @ @ @ (RM) 0.07 0.16 0.78 0.70 2.00 1.26 Counter TENAGA PBBANK PCHEM IHH AXIATA MAXIS PETGAS GENTING MISC GENM Mkt Cap. (RM’mn) 80,018 78,234 56,800 48,759 44,062 42,134 37,042 35,995 32,675 31,687 Chg (RM) -0.02 -0.12 -0.05 -0.06 -0.03 -0.03 -0.18 -0.22 -0.08 -0.24 Important Dates SEG - 5:7 Bonus Issue - BI of 516.8m shares. 5 bonus shares for every 7 existing shares. LISTING ON: 29/06/2017. Blue chips on Bursa Malaysia slipped lower Wednesday on profit-taking after the long Hari Raya break, dampened by weak buying momentum and the softer regional tone following the delayed US healthcare reform vote. The KLCI fell 8.22 points to close near the day's low at 1,771.23, off an early high of 1,788.87, as losers beat gainers 476 to 374 on cautious turnover totaling 1.39bn shares worth RM1.85bn. With technical indicators in short-term bearish mode, profit-taking pressure should persist during this brief trading week. On the index, a break below the 50-day moving average level, now at 1,770, could grease slide to better support from 1,761, the lower Bollinger band, and subsequently the 100-day ma at 1,745. Immediate upside hurdle will be the recent high of 1,796, and then the 1,800 psychological level. Bearish technical momentum and topping out chart pattern on Genting Bhd point to further correction potential, with break below the 100-day ma (RM9.48) to grease slide towards the 61.8%FR (RM9.04), with better support from the 50%FR (RM8.75) reinforced by the 200-day ma (RM8.70). Likewise, Genting Malaysia should extend correction on break below the 100-day ma (RM5.54) towards the 50%FR (RM5.40), with better supports from the 38.2%FR (RM5.17) and 200-day ma (RM5.07), while overhead resistance is seen from the 76.4%FR (RM5.92). Top 10 KLCI Movers Based on Mkt Cap. Off Market HUBLINE AEM AMPROP EMETALL WELLCAL BJASSET Review & Outlook Value/ Volume 1.89 0.13 0.20 0.29 1.43 1.33 0.40 Vol. (mn) 5.41 5.28 4.28 2.15 5.30 5.98 0.48 3.55 1.52 8.18 News Bites • U Mobile Sdn Bhd, the fourth largest cellular service provider in the nation by subscriber base, is terminating its 3G radio access network sharing agreement with Maxis Bhd. • Sunsuria Bhd is teaming up with Hong Kong-based CITIC International Investment Ltd to carry out construction work and property development in Malaysia. • AirAsia X Bhd looks firm on returning to Adelaide after pulling out of the market in 2015, according to a Facebook message by AirAsia Group chief executive officer Tan Sri Tony Fernandes. • Guan Chong Bhd plans to buy 100% equity interest in Koko Budi Sdn Bhd for RM17.0mn in order to expand organically by raising its overall grinding capacity. • Sapura Energy Bhd's wholly-owned Australian unit has completed the Shell Prelude Light Well Intervention Campaign-Plug Removal Activity for Shell Australia Pty Ltd in Western Australia in the Browse Basin in Western Australia. • Ikhmas Jaya Group Bhd has bagged a RM36.0mn contract for works at the proposed Setia City Mall Phase 2 retail development in Selangor. • Jadi Imaging Holdings Bhd is selling freehold land with a detached factory-cum-three-storey office in Shah Alam for RM23.0mn. • Bintai Kinden Corp Bhd's 69.82%-owned subsidiary in Singapore has won a SGD10.4mn government contract to provide integrated facilities management services. • The US pending home sales index fell by 0.8% to 108.5 in May from a downwardly revised 109.4 in April. Economists had expected the index to climb by 0.8%. Exchange Rate USD/MYR 4.2994 0.0114 USD/JPY 112.18 0.4100 EUR/USD 1.136 0.0097 Commodities Futures Palm Oil (RM/mt) 2,439.00 0.00 Crude Oil ($/Barrel) 44.88 1.16 Gold ($/tr.oz.) 1,249.40 1.90 TDM - 1:10 Bonus Issue - BI of 150.5m shares. 1 bonus share for every 10 existing shares. Ex-Date: 29/06/2017. Entitlement Date: 03/07/2017. LISTING ON: 04/07/2017. 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
2. Technical Comments : SELL Genting Bhd & Genting M’sia Bearish technical momentum and topping out chart pattern on Genting Bhd point to further correction potential, with break below the 100-day ma (RM9.48) to grease slide towards the 61.8%FR (RM9.04), with better support from the 50%FR (RM8.75) reinforced by the 200-day ma (RM8.70). Likewise, Genting Malaysia should extend correction on break below the 100-day ma (RM5.54) towards the 50%FR (RM5.40), with better supports from the 38.2%FR (RM5.17) and 200-day ma (RM5.07), while overhead resistance is seen from the 76.4%FR (RM5.92). GENTING BHD Upper Middle BOLLINGER BANDS RM RM Lower RM RM9.50 (-0.22) 10.07 9.79 10-day 30-day 9.52 50-day SELL Recent Signal DMI Recent Signal 9.78 SELL Signal Change GENTING M’SIA Recent Signal Signal Change RM DAILY MACD Signal Change Upper Middle Lower SIMPLE MOVING AVERAGES RM 9.70 RM 9.83 BOLLINGER BANDS RM RM RM DMI RM5.59 (-0.24) 5.97 5.70 5.44 BUY SIMPLE MOVING AVERAGES RM 5.66 RM 5.77 RM 5.77 DAILY MACD Recent Signal SELL Signal Change 10-day 30-day 50-day Page 2 of 2