KLSE Stock Recommendations

MARKET UPDATES :

The International Monetary Fund has cut its growth projections for emerging and developing Asian economies, including Malaysia.In its latest World Economic Outlook, it said the Asean 5 – Indonesia, Malaysia, the Philippines, Thailand and Vietnam — will likely grow by 4.5 per cent in 2014 ( a 0.2 per cent cut from its previous outlook) and 5.2 per cent in 2015 ( a 0.1 per cent cut from previous outlook) .These five countries are projected to grow by 5.3 per cent in 2016.In its latest outlook versus the previous one in October, the Fund said the growth is projected to remain broadly stable at 4.3 percent in 2015 and to increase to 4.7 per cent in 2016 — a weaker pace than the October forecast.

STOCK RECOMMENDATION :

BUY HAP SENG CONS ABOVE 3.860 TARGET 3.900 3.960 SL 3.800

KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold prices held mostly flat in Asia on Wednesday with investors looking ahead to events in Europe on the euro and Greece. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded up 0.02% to $1,293.40 a troy ounce.Overnight, gold extended gains to trade near the $1,300-level on Tuesday, as investors looked ahead to the European Central Bank’s policy meeting later this week to see if it would launch a government bond-buying program.



TRADING STRATEGY :

BUY GOLD ABOVE 1300 TARGET 1305 1311 SL 1294
SELL GOLD BELOW 1285 TARGET 1280 1274 SL 1291

Natural Gas Market Update

Natural gas prices for February NGG15, +4.45%  dived 30 cents, or 9.6%, to settle at $2.83 per million British thermal units.

Natural gas is down because of a Midwest warm-up. Temperatures in Chicago hit 49 degrees on Sunday, 9 degrees above the average, and the rest of this week is also seen as mild.

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Platinum Market Update

Platinum for April delivery PLJ5, +0.00%  rose $17.20, or 1.4%, to settle at $1,286.60 an ounce, while palladium for March delivery PAH5, +0.40%  advanced $24.45, or 3.2%, to settle at $778.75 and ounce.

Silver Market Update

March silver futures SIH5, +1.97%  advanced 21 cents, or 1.2%, to settle at $17.96 an ounce.

High-grade copper for March delivery HGH5, -0.42%  declined just over 2 cents, or 0.9%, to settle at $2.59 a pound.