Malaysian palm oil charge falls to 1-week low as inventories continue to be high

Malaysian palm oil futures fell to a one-week low on Wednesday as market sentiment remained bearish over high inventory levels, before reversing its losses at the close of exchange on brief covering.

The benchmark palm oil contract for June shipping on the Bursa Malaysia Derivatives Exchange closed up 0.2 percent at 2,136 ringgit ($524.82) a tonne, snapping three preceding periods of declines.

"There was once some brief overlaying toward the stop of the day," stated a futures trader in Kuala Lumpur.

Earlier in the session, it fell as tons as 1.1 percentage to 2,109 ringgit, its lowest considering that March 19.

"However, I am listening to that exports will be appropriate for the full month of March," stated one of them, including that it was due to extra demand in advance of the Muslim fasting month of Ramadan.

Ramadan, which starts offevolved in early May this year, typically sees greater utilization of palm oil for cooking purposes.

Palm oil inventories in Malaysia, the world's second-largest producer and exporter, rose 1.3 percent to 3.05 million tonnes in February from a month earlier.

In other related oils, the Chicago May soybean oil contract fell 0.1 percent, whilst the May soyoil contract on the Dalian Commodity Exchange used to be up 0.04 percent.

The Dalian May palm oil contract fell 0.4 percent.

Palm oil expenses are affected via moves in soyoil, as they compete for a share in the world vegetable oil market. - Reuters

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World’s largest billionaire winners, losers of 2018

The markets may additionally be tanking, however that hasn’t stopped plenty of mega-fortunes from being unearthed in 2018. Thirteen billionaires on the ranking died this year, which includes Microsoft Corp.’s Paul Allen, Hong Kong actual estate developer Walter Kwok and Vichai Srivaddhanaprabha, owner of Premier League soccer club Leicester City.

The recognition of Fortnite, the phenomenon that pressured some into video-game rehab, gave gamemaker Tim Sweeney a $7.2 billion fortune this year.

 Autry Stephens has $11.4 billion after his intently held Endeavour Energy Resources LP attracted bids that valued the oil business enterprise at as plenty as $15 billion.

 “It used to be a proper year for wealth creation,“ said Michael Zeuner, managing associate of WE Family Offices. “It was a hard 12 months in economic markets, but for human beings who are creating wealth via companies, the economy itself is very strong.“

Sweeney and Stephens had been simply two of the 31 individuals who vaulted onto the Bloomberg Billionaires Index in 2018, even as increasing international exchange tensions and a downdraft in the markets noticed half of a trillion dollars of wealth on the ranking wiped out. 

Denise Coates, the British founder and chief executive officer of on-line bookmaker Bet365 Group Ltd., is every other addition. Coates is nearly 10 instances richer than Queen Elizabeth II, according to the ranking.While Coates had a exact year, market turmoil pushed many wealthy human beings into the red. The world’s 500 richest human beings misplaced $451 billion this year. That’s a sharp reversal from 2017 when they delivered $1 trillion to their fortunes. 

Here are the billionaires who gained and lost in 2018.
Winners:

Singaporean billionaires fared the first-rate in dollar terms, gaining $2.5 billion. That pushed the wealth of the country’s richest to a collective internet really worth of $38 billion.

Jeff Bezos, Amazon.com Inc. founder and the richest man in the world, was 2018’s largest gainer for the 2nd year running. His internet worth grew about $24 billion to $123 billion. But even he used to be a loser in the 2d half of of the yr as stock markets were routed. From a September peak, Bezos has since considered his fortune drop $45 billion. Despite Chinese billionaires’ whole loss of nearly $76 billion this year, some of the country’s richest nonetheless came out ahead, consisting of Lei Jun, founder of Chinese smartphone maker Xiaomi Corp. Jun trailed only Bezos amongst the largest gainers of 2018, including $8.6 billion to his fortune. 

Losers:

American billionaires noticed the biggest loss this year, together dropping $76 billion, generally because of December’s market rout. 

Mark Zuckerberg noticed the sharpest drop in 2018 as Facebook Inc. veered from crisis to crisis. His net worth fell almost $20 billion, leaving the 34-year-old with a $53 billion fortune. 

China’s Wang Jianlin, Jack Ma and Ma Huateng made up three of the 10 largest losers this year. Fifty human beings dropped off the index, which include eleven from China or Hong Kong, nine from the U.S. and 4 from Russia. 

Among those who fell off the list were Andrej Babis, the top minister of the Czech Republic whose fortune is derived from his chemical and agricultural organisation Agrofert, and Russian rich person Oleg Deripaska, whose net well worth plunged to a document low as stock of Rusal fell on problem that the aluminum massive should halt some manufacturing due to the fact of U.S. sanctions.

                         And thirteen billionaires on the ranking died this year, which includes Microsoft Corp.’s Paul Allen, Hong Kong actual estate developer Walter Kwok and Vichai Srivaddhanaprabha, owner of Premier League soccer club Leicester City. 

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Malaysia Stock Market News

• The FBM KLCI index gained 9.89 points or 0.59% on Thursday. The Finance Index increased 0.10% to 17419.67 points, the Properties Index up 0.93% to 924.95 points and the Plantation Index rose 0.58% to 7192.42 points. The market traded within a range of 9.88 points between an intra-day high of 1684.24 and a low of 1674.36 during the session.
• Actively traded stocks include SAPNRG, NEXGRAM, ARMADA, MYEG, VS, MALAKOF, DESTINI, PRESBHD, GBGAQRS and SEACERA. Trading volume increased to 2404.11 mil shares worth RM2037.91 mil as compared to Wednesday’s 2309.55 mil shares worth RM1870.69 mil./p>
• Leading Movers were GENTING (+40 sen to RM6.82), HARTA (+27 sen to RM5.25), DIALOG (+14 sen to RM3.04), GENM (+9 sen to RM3.37) and PETCHEM (+12 sen to RM8.40). Lagging Movers were AMMB (-3 sen to RM4.53), MISC (-3 sen to RM6.60), MAHB (-3 sen to RM8.05), MAYBANK (- 1 sen to RM9.41) and PBBANK (-2 sen to RM24.68). Market breadth was positive with 447 gainers as compared to 331 losers.
• The KLCI closed slightly higher at 1682.97 points amid overnight gains in US market. The performance of our local bourse was lifted up by buying interest in heavy weight counters such as Genting, Hartalega and Dialog.

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Malaysia Stock Market News

• The FBM KLCI index lost 6.31 points or 0.38% on Tuesday. The Finance Index fell 0.58% to 17020.06 points, the Properties Index dropped 1.52% to 868.19 points and the Plantation Index down 1.09% to 6487.91 points. The market traded within a range of 16.95 points between an intra-day high of 1643.88 and a low of 1626.93 during the session.
• Actively traded stocks include VS, ARMADA, MYEG, HIBISCS, PWORTH, HSI-H4O, KNM, HUBLINE, HSI-C3X and VIVOCOM. Trading volume increased to 2265.09 mil shares worth RM1907.07 mil as compared to Monday’s 1469.14 mil shares worth RM1178.65 mil.
• Leading Movers were DIGI (+19 sen to RM4.38), MAHB (+20 sen to RM8.00), IOICORP (+8 sen to RM4.26), MISC (+11 sen to RM6.20) and PMETAL (+8 sen to RM4.83). Lagging Movers were SIMEPLT (-21 sen to RM4.09), DIALOG (-10 sen to RM2.95), IHH (-16 sen to RM5.19), TENAGA (-22 sen to RM12.70) and CIMB (-8 sen to RM5.63). Market breadth was negative with 222 gainers as compared to 699 losers.
• The KLCI closed lower at 1635.31 points amid overnight retreat in US market. Market sentiment was muted amid absence of fresh market leads.

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UOB Malaysia sees sturdy fundamentals, higher transparency aiding ringgit

Malaysia's sturdy fundamentals and go toward higher governance and transparency are possibly to supply underlying guide for the ringgit and will help to moderate the currency's volatility.

United Overseas Bank (Malaysia) Bhd expects the ringgit to move in tandem with other Asian currencies amid the unstable external environment and escalating US-China exchange conflict. The government's efforts to construct a more obvious government, the economy's underlying strengths, consistent financial growth, low unemployment and a surplus modern account, will assist aid the ringgit, she stated in a statement.

Goh said UOB Malaysia stays high quality on Malaysia's financial outlook for 2019, notwithstanding expectations for greater exterior risks bobbing up from international trade disputes and heightened market volatility. two

This was despite of intensifying trade disputes and policy uncertainty, which can also end result in slower global growth in 2019.

She acknowledged the ongoing US-China change tensions and the quantum of US Federal Reserve activity fee rises will proceed to have an have an effect on on international growth stock market volatility.

"There are no signs of US-China alternate tensions easing. Further protectionist alternate insurance policies will most likely be terrible for world trade, main to larger risks for export-driven Asian economies, which includes Bursa Malaysia, amid weaker growth potentialities and heightened volatility in monetary markets.

"Given these developments, we anticipate the influence of broadening change measures ensuing from the exchange tensions will be felt greater materially in 2019."

Although Malaysia is no longer immune to the international headwinds, she stated the economy would find aid from strong domestic personal consumption and investments.

Goh additionally pointed out the 2019 Malaysia Budget unveil don Nov 2, additionally delivered some high-quality fiscal measures to make stronger purchaser spending, to promote inclusiveness and to raise growth.

She noted personal consumption was once anticipated to be supported by means of higher minimum wages, centered cash useful resource and petrol subsidies. The repayment of tax refunds is additionally in all likelihood to improve cash flows for the personal sector and to motivate domestic spending.

The authorities was once also emphasizing on advancing high value-added sectors such as technology-intensive industries, accelerating the digital transformation of the manufacturing zone through its Industry four initiative, and on centered infrastructure spending.

"These are right steps to make sure that Malaysia stays aggressive in the region and across the world. We challenge actual Gross Domestic Product to amplify 4.8 per cent in 2018 and 2019," she said.

Over the long term, Malaysia's financial system stands to gain from the government's ongoing efforts to enhance transparency and accountability, which will strengthen investor self belief over time.

She expected the u . s . to likely to benefit from regional and multilateral change initiatives that will boost improvement of, trade with and investment in the country and throughout Asean.

These techniques will help decorate the country's resilience towards threat from rising global change protectionism.

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Will the budget affect the Malaysia Stock Market in 2019 ?

Finance Minister Lim Guan Eng (pic) has expelled claims that the legislature sidelined the bumiputra network and decreased assignments for provincial advancement  in Budget 2019 is it good or bad or Malaysia KLSE stock Market.

Malaysian stocks will get one year from now as certainty comes back to the market as individuals currently recognize what's in store after the spending declaration, Robert Huray, CEO of RHB Investment Bank says in meeting in Kuala Lumpur late Wednesday.

• Foreign assets are all the more eager to contribute, he says
• Malaysia will see a greater number of IPOs in 2019 than this year given the arranged QSR Brands and Leong Hup first-time share deals
• Malaysia saw $153.8m IPOs so far in 2018, down from $1.7b for the entire 2017: Bloomberg information
• Equity capital markets to see "great action" as loan costs and developing monetary forms begin to balance out, as per Ankur Khandelwal, head of ECM at RHB
• Co. is chipping away at 4-5 live arrangements including worldwide names, says James Yeo, head of M&A at RHB
• RHB wants to add more individuals to M&A group, Yeo says

On the other side Finance Minister Lim Guan Eng (pic) has expelled claims that the legislature sidelined the bumiputra network and decreased assignments for provincial advancement in Budget 2019.
He said certain quarters were attempting to befuddle the general population by pointing out that the portion for the Rural and Regional Development Ministry (RRDM) under the Barisan Nasional organization) in 2018 was RM9.5bil, while the financial plan for the Rural Development Ministry (RDM) in 2019 is just RM8.4bil.
"The assignment for Felda's advancement has been expanded from RM160mil in 2018 to RM260mil for 2019 to pay for the updating of Felda settlement's streets and water supply stockpiling," he said.
Lim said charges that Mara's administration consumption cost had been decreased from RM2bil in 2018 to RM1.3bil in 2019 were false.
He clarified that Mara's grant and understudy credits were currently delegated advancement spending.
"The truth of the matter is, the aggregate assignment for Mara's working and advancement use stays at RM3.7bil in 2019," he said in an announcement on Tuesday (Nov 20).
Lim additionally said that the legislature will organize obtainment by means of open delicate for all contractual workers, including bumiputra temporary workers, to guarantee straightforwardness, aggressiveness and sensible costing.
"The act of granting super activities through direct arrangement by the past organization, which includes mind-boggling expense and budgetary abnormalities have trouble the nation and individuals," he included.
Lim said the administration stays submitted in helping gatherings, for example, smallholders, agriculturists, and anglers through focused appropriations to maintain a strategic distance from wastage and misuse.

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KLSE Stock Picks 2018

There are few stocks who have a decent potential to produce a decent return in the coming year with strong basic foundation and great specialized breakout.

Types of Stock Picks (based on trading period) -
KLSE INTRADAY STOCK - These picks are available if you are trading KLSE counters on a daily basis. Best for traders looking for profits on daily basis.
KLSE SHORT-TERM STOCK - Trade KLSE short-term stock picks if you are you looking to overcome risk of losing big. These picks are specially designed for your short- term trading goals.
KLSE MID-TERM STOCK - If you are trading KLSE counters on holding period basis then these picks are valuable for you. Investors looking for good profits on mid-term & holding basis are benefitted.

5 Small And Mid Caps With Big Returns For 2018:

1. INARI AMERTRON BHD: Inari Amertron Bhd is one of only a handful couple of companies in Malaysian value advertise who had performed ceaselessly well shape in most recent five years. The company has shown a consistent growth in margins and revenues in most recent multi year with a development in EPS and dividend per share. The request book of Inari Amertron Bhd is all supported in 2018 likewise which will guarantee a smooth working of the organization with no issue identified with order book. On the specialized ground, the counter is in a solid bullish pattern and it is relied upon to proceed with this pattern in coming year additionally bolstered by the solid edges which we can see on the quarter on quarter premise plainly which is required to fuel the bulls consistently.

2. Unisem Group: Unisem Group (Unisem) offers full turnkey solution from package development to assembly and testing, packing and a full range of wafer bumping services. While Unisem is not your average kind of sexy stock, CIMB recommends it for its positive outlook in 2018. With a resilient industry demand outlook and strategic shift towards advanced packaging, Unisem is expected to reel in a bumper year in 2018

3. Berjaya Food: Starbucks will keep on being the Berjaya Food's key development driver, as indicated by CIMB. Berjaya Food's sure profit direction should proceed on the back of its sound store development program, with approximately 25 to 30 stores every year. Berjaya Food has additionally been attempting to arrange its misfortune making sustenance brands like Kenny Rogers Roasters (KRR) in Indonesia and Jollibean establishment in Singapore.

4.GEORGE KENT (MALAYSIA) BERHAD: Another organization which we ought to incorporate into the stocks to look for 2018 is GKENT. Which a consistent and enduring increment in working edges George Kent Bhd is an absolute necessity have for each long haul speculation portfolio. Frame most recent multi year the organization is posting a consistent increment in net revenues in spite of confronting challenges on keeping up a steady increment in income front. On the most recent quarterly report, we can see the organization can uncover an EPS of 5.10 which is OK for the administration business. On the specialized ground, GKENT is in an overbought zone. In any case, it is in an uptrend and it is relied upon to take a short remedy in close term and test the uptrend line by and by and afterward proceed with its bullish development as long as possible.

5. AIRASIA BERHAD AIRASIA: one of the greatest players in Malaysian aircraft industry with about RM11 billion market capitalization and an enormous market reach. The organization had posted a decent development in income in the year 2017, notwithstanding, the edges are still under strain when contrasted with the income increment because of the expanded working costs. Be that as it may, on the off chance that we see the pattern on increment in income in most recent five years it is on a bullish side and we are hoping to overall revenues to get on track in coming year bolstered by a steady increment in income and better cost administration. As of now, the supply of Airasia is exchanging at an exceptionally appealing value purpose of RM3.33 for a long haul speculation objective. On the specialized ground, the closest breakout in AirAsia is over the level of 3.40 which is over the transient remedial wave and this breakout can result in a solid bullish development which can push the cost to the past high of 3.60 in close term.

6. Protasco CIMB trusts that Protasco is an undervalued player in the residential street support space in spite of a prevailing 43 percent piece of the overall industry in 2016. Edge recuperation, new street contracts and high request book are potential profit impetuses for Protasco. With an alluring PE valuation and better than average profit yield of around 6 over percent, Protasco is among the underestimated little top stocks inside CIMB's inclusion.

Some stocks to add to your watch list for 2018

1. DIALOG.KL
2. SIGGAS.KL
3. UEMS.KL
4. DRBHCOM.KL
5. YTL.KL
6. FRONTKN.KL

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FBM KLCI Index Lost 0.20% on Thursday

The FBM KLCI index lost 3.45 points or 0.20% on Thursday. The Finance Index fell 0.21% to 17180.78 points, the Properties Index dropped 0.58% to 864.42 points and the Plantation Index down 0.86% to 7317.43 points. The market traded within a range of 16.25 points between an intra-day high of 1686.59 and a low of 1670.34 during the session.

Actively traded stocks include HIBISCS, INARI, PRESBHD, FRONTKN, SAPNRG, MYEG, HSI-C3W, IRIS, HSI-H4V and BORNOIL. Trading volume decreased to 2243.74 mil shares worth RM2336.34 mil as compared to Wednesday’s 2251.33 mil shares worth RM1871.49 mil.

Leading Movers were MISC (+22 sen to RM6.10), AXIATA (+11 sen to RM3.44), DIGI (+10 sen to RM4.17), KLCC (+12 sen to RM7.66) and PETGAS (+22 sen to RM18.20). Lagging Movers were DIALOG (-15 sen to RM3.21), SIME (-9 sen to RM2.11), GENTING (-18 sen to RM7.22), CIMB (-12 sen to RM5.58) and HARTA (-13 sen to RM6.17).

Market breadth was negative with 173 gainers as compared to 768 losers. The KLCI managed to narrow losses and closed lower at 1686.59 points amid overnight retreat in US market. The performance of our local bourse was in tandem with most of our regional peers following overnight sell-off in US market.

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