KLSE Stock Recommendations

MARKET UPDATES :

The FBM KLCI index gained 11.88 points or 0.66% on Friday. The Finance Index increased 0.34% to 15922.45 points, the Properties Index up 1.01% to 1312.19 points and the Plantation Index rose 0.68% to 8164.92 points. The market traded within a range of 10.64 points between an intra-day high of 1800.95 and a low of 1790.31 during the session.


STOCK RECOMMENDATION :

BUY FELDA GLOBAL ABOVE 2.675 TARGET 2.725 2.890 SL 2.575

KLSE Stock Recommendations

MARKET UPDATES :

The FBM KLCI index lost 12.17 points or 0.67% on Wednesday. The Finance Index fell 0.07% to 15903.83 points, the Properties Index up 0.25% to 1308.44 points and the Plantation Index rose 0.50% to 8053.55 points. The market traded within a range of 21.28 points between an intra-day high of 1812.08 and a low of 1790.80 during the session.



STOCK RECOMMENDATION :

BUY WELLCALL HOLDING ABOVE 1.975 TARGET 2.025 2.075 SL 1.925

KLSE Stock Recommendations

MARKET UPDATES :

The FBM KLCI index lost 0.46 points or 0.03% on Tuesday. The Finance Index increased 0.23% to 15915.65 points, the Properties Index dropped 0.28% to 1305.23 points and the Plantation Index down 0.06% to 8013.23 points. The market traded within a range of 7.93 points between an intra-day high of 1816.62 and a low of 1808.69 during the session.




STOCK RECOMMENDATION :

BUY FELDA GLOBAL ABOVE 2.505 TARGET 2.540 2.600 SL 2.450

KLSE Stock Recommendations

MARKET UPDATES :

The FBM KLCI index lost 0.46 points or 0.03% on Tuesday. The Finance Index increased 0.23% to 15915.65 points, the Properties Index dropped 0.28% to 1305.23 points and the Plantation Index down 0.06% to 8013.23 points. The market traded within a range of 7.93 points between an intra-day high of 1816.62 and a low of 1808.69 during the session.



STOCK RECOMMENDATION :

BUY SAPURA KENCANA ABOVE 2.935 TARGET 2.985 3.085 SL 2.875

KLSE Stock Recommendations

MARKET UPDATES :

The FBM KLCI index lost 1.67 points or 0.09% on Monday. The Finance Index increased 0.14% to 15878.68 points, the Properties Index up 0.11% to 1308.86 points and the Plantation Index down 0.06% to 8018.28 points. The market traded within a range of 13.15 points between an intra-day high of 1818.31 and a low of 1805.16 during the session.




STOCK RECOMMENDATION :

BUY TIME DOTCOM ABOVE 5.585 TARGET 5.625 5.675 SL 5.525

KLSE Stock Recommendations

MARKET UPDATES :
The FBM KLCI index gained 10.04 points or 0.56% on Friday. The Finance Index increased 0.63% to 15857.19 points, the Properties Index up 0.07% to 1307.39 points and the Plantation Index rose 0.54% to 8023.34 points. The market traded within a range of 8.23 points between an intra-day high of 1814.30 and a low of 1806.07 during the session.




STOCK RECOMMENDATION :
BUY PUNCAK NIAGA ABOVE 2.695 TARGET 2.735 2.800 SL 2.640

KLSE Stock Recommendations

MARKET UPDATES :

MALAYSIAN shares closed higher on Thursday with the Kuala Lumpur Composite Index gaining 0.19 points to 1,803.21. Some 1.6 billion lots, valued at RM2.1 billion were traded. Losers outnumbered gainers 433 to 344.



STOCK RECOMMENDATION :

BUY CHIN WELL HLDNG ABOVE 1.550 TARGET 1.590 1.640 SL 1.500

KLSE Stock Recommendations

MARKET UPDATES :

MALAYSIA share prices closed higher on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 21.76 points to 1,803.02. Volume was 2.5 billion lots worth RM2.7 billion. Gainers outnumbered losers 467 to 399.



STOCK RECOMMENDATION :

BUY TA ANN HOLDING ABOVE 3.895 TARGET 3.935 3.985 SL 3.845

KLSE Stock Recommendations

MARKET UPDATES :

Bank Negara Malaysia (BNM) is likely to maintain its overnight policy rate (OPR) at 3.25 per cent into 2016, said Standard & Poor’s (S&P) Ratings Services. In a statement today, the rating agency also revised Malaysia’s gross domestic product (GDP) growth forecast to 4.6 per cent in 2015 and 5.0 per cent in 2016, from an earlier estimate of 5.5 per cent and 5.4 per cent, respectively.The revision was made in light of an anticipated further decline in oil prices since its last forecasting exercise, said S&P.



STOCK RECOMMENDATION :

BUY CREST BUILDER ABOVE 1.205 TARGET 1.250 1.320 SL 1.155

Forex Market Update :Epic Research Malaysia

The currencies of large oil exporters, including the Canadian dollar, Norwegian krone and Russian ruble rose against the U.S. dollar Monday as oil prices fluctuated between gains and losses.

The Canadian dollar CADUSD, -0.42%  traded at 79.4 cents, rising off a six-year low of about 78 cents that was reached Friday.

The dollar USDRUB, +0.05%  traded lower against the ruble after rising to its highest level against the Russian currency since its mid-December collapse. The ruble changed hands at 68.5 to the dollar, compared with 70 to the dollar Friday.

The Australian dollar AUDUSD, -1.81%  also benefitted from stronger commodity prices. It traded at 78.19 cents, compared with 77.66 cents Friday afternoon, after the currency hit its lowest level against the buck since July 2009 last week.

The shared currency EURUSD, -0.08%   rose to $1.1346, compared with $1.1285 Friday.

The dollar USDJPY, -0.50%  was up to ¥117.68 compared with ¥117.41 late Friday in New York. 

Commodity Market Update :Epic Research Malaysia

Gold futures were flat on Monday after rallying to their biggest monthly gain in three years last week but the precious metal is poised to strengthen with U.S. stocks under pressure.

Gold for April delivery on Comex GCJ5, -0.17%  settled at $1,279.20 an ounce, unchanged from Friday, while March silver SIH5, -0.18%  climbed 43 cents, or 2.6%, to $17.21 an ounce.

They noted that the bulk of the buying has occurred in SPDR Gold Trust GLD, -0.83%   at 49.35 million tons, although European-listed products also drew fresh interest.

Gasoline Market Update :Epic Research Malaysia

Elsewhere in the energy markets, gasoline for March delivery RBH5, +1.04%  rose nearly 7 cents, or 4.5%, to end at $1.5446 a gallon on Nymex. Heating oil HOH5, -0.04%  for the same month climbed more than 6 cents, or 3.3%, to $1.7575 a gallon on Nymex.

March natural gas NGH15, +1.04%  bucked the trend, however, to lose a penny, or 0.4%, to settle at $2.68 per million British thermal units.

Comex Market Update :Epic Research Malaysia

Crude-oil futures ended nearly 3% higher on Monday and briefly topped $50 a barrel, pushing back against earlier losses that stemmed from strikes at U.S. refineries and sluggish manufacturing data from China.

Light, sweet crude futures for March delivery CLH5, +0.61%  added $1.33, or 2.8%, to settle at $49.57 a barrel on the New York Mercantile Exchange.

Brent crude for March delivery LCOH5, +0.68%  rose $1.76, or 3.3%, to finish at $54.75 a barrel on London’s ICE Futures Exchange. That was Brent’s highest settlement since Jan. 2.

Asian Market Update :Epic Research Malaysia

Asian stocks fell, led by Japanese shares, while the yen strengthened as data on the US economy and Chinese manufacturing fueled concern over the global slowdown. Crude oil and copper retreated as Australian bonds climbed.

The MSCI Asia Pacific Index lost 0.4 per cent in a fourth day of declines by 9.24am in Tokyo, as Japan's Topix index slipped 1.1 per cent. Standard & Poor's 500 Index futures dropped 0.1 per cent. The yen, regarded as a haven by some investors, touched its strongest level since Jan 16, while Korea's won slipped.

Australian three- and 10-year bond yields slid to record lows before an interest-rate review Tuesday. Copper futures lost 0.8 per cent and gold retreated, while US oil dropped 2.1 per cent after surging at the end of last week.

Natural Gas Market Update : Epic Research Malaysia

March natural gas NGH15, -0.74% fell 12.3 cents, or 4.3%, to $2.719 per million British thermal units.

In other energy markets, heating oil for February HOG5, +0.25% fell 1.34 cents, or 0.8%, to $1.6184 a gallon, while gasoline RBG5, +0.60% for the same month rose 0.87 cents, or 0.7%, to $1.3537 a gallon.

Oil Market Update : Epic Research Malaysia

Oil futures ended with small gains Thursday, but only after the U.S. benchmark sank below the $44-a-barrel level for the first time in nearly six years in a trading environment shadowed by a rapidly growing glut of crude.

Light, sweet crude for March delivery CLH5, +0.29% on the New York Mercantile Exchange rose 8 cents, or 0.2%, to close at $44.53 a barrel. It was a choppy trading session, with the contract earlier dipping as low as $43.58, its lowest level since March 2009. The price action follows a 3.9% slide from Wednesday, which was triggered by bearish inventory data.

ICE Brent crude, the global oil benchmark, gained ground, with the March contract LCOH5, -0.14% rising 66 cents, or 1.4%, to settle at $49.13 a barrel.

Comex Market Update : Epic Research Malaysia

In other metals, platinum for April delivery PLJ5, +0.68% tumbled $41.20, or 3.3%, to $1,217.30 an ounce, while palladium for March delivery PAH5, +0.86% lost $24.70 to $771.60 an ounce.



High-grade copper for March delivery HGH5, -0.43% fell 3 cents, or 1.1%, to $2.45 a pound.

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Commodity Market Update : Epic Research Malaysia

Gold posted its biggest daily percentage drop in 13 months on Thursday as U.S. jobless claims fell sharply, bolstering the Federal Reserve’s commitment to tightening monetary policy later in the year.



Gold for February delivery GCG5, +0.49% skidded $31.30, or 2.4%, to settle at $1,254.60 an ounce, while March silver futures SIH5, +0.94% shed $1.32, or 7.3%, to $16.77 an ounce.

Current Market Update:Epic Research Malaysia

Tokyo (Nikkei Average NIK, +0.75% ) up 0.7%
Hong Kong (Hang Seng Index HSI, -0.11% ) down 0.1%
Shanghai (Shanghai Composite Index SHCOMP, -0.97% ) down 1% (at break)
Sydney (S&P/ASX 200 XJO, +0.83% ) up 0.9%
Seoul (Kospi SEU, +0.05% ) flat
Mumbai (Sensex 1, -0.34% ) up 0.2%


Taipei (Taiex Y9999, -0.30% ) down 0.1%

Comex Recommendations : Epic Research Malaysia

INTERNATIONAL COMMODITY NEWS :
Gold prices fell in Asia on Thursday after trhe Federal Reserve signaled it remained on track to raise interest rates this year, though the timing remains uncertain.On the Comex division of the New York Mercantile Exchange, gold futures for April delivery fell 0.11% to trade at $1,285.80 a troy ounce in Asia, while silver futures eased 0.56% to $17.987 a troy ounce.Gold edged lower in quiet trade on Wednesday as the Federal Reserve said the U.S. economy was expanding “at a solid pace” as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year.The U.S. central bank repeated it would be “patient” in deciding when to raise benchmark borrowing costs from zero, where they have been stuck since late-2008.

TRADING STRATEGY :
BUY GOLD ABOVE 1286 TARGET 1291 1297 SL 1280
SELL GOLD BELOW 1271 TARGET 1266 1260 SL 1277