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Thursday, February 25, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

KLCI is still at the same position since Oct 2009. Still no signals to indicate any strong direction (up or down).

Sector summary:
Malaysia Monthly Weekly Daily
FBM KLCI Up Neutral Neutral
Finance Up Neutral Neutral
Construction Up Neutral Neutral
Plantation Up Neutral Neutral
Property Up Neutral Neutral (+)

Wednesday, February 24, 2010

4 New CIMB Call Warrants

4 new call warrant from CIMB will be listed on 25 Feb 2010:
New Warrants Expiration Type Ex Price Ratio
TOPGLOV-CB 25/02/2011 Call MYR 10.3000 10 : 1
MISC-CG 25/02/2011 Call MYR 8.0000 8 : 1
IGB-CB 25/02/2011 Call MYR 1.7000 2 : 1
GENTING-CT 25/02/2011 Call MYR 6.3000 8 : 1

Seems that OSK and CIMB are both the most active warrant issuer. What happened to Kenanga and Am?

Monday, February 22, 2010

6 New OSK Call Warrants

6 new call warrants from OSK will be listed on 23 Feb 2010:
New Warrants Expiration Type Ex Price Ratio
SIME-CJ 21/02/2011 Call MYR 8.0000 10 : 1
AFG-CB 21/02/2011 Call MYR 2.4000 3 : 1
AXIATA-CF 21/02/2011 Call MYR 3.2000 4 : 1
AIG-C1 1/10/2010 Call USD 20.8000 120 : 1
GOLDMAN-C1 22/02/2011 Call USD 150.0000 600 : 1
CITIGRP-C3 22/02/2011 Call USD 3.1000 15 : 1

If you are having trouble of keeping track with warrants, you should consider my Bursa Malaysia Warrant Calculator that covers Singapore and Hong Kong warrants.

Friday, February 19, 2010

Bursa Malaysia Weekly Summary

FBM KLCI Weekly Chart

Only 3 trading days in this week. A slight rebound. No strong signals on the direction of the market.

Malaysia Monthly Weekly Daily
FBM KLCI Up Neutral Neutral (+)
Finance Up Neutral Neutral (+)
Construction Up Neutral Neutral
Plantation Up Neutral Neutral (+)
Property Up Neutral Down

International Reserves of BNM

Date MYR (billion) USD (billion)
29-Jan-10 332.2 97.0
12-Feb-10 332.1 96.9

Source.

Sunday, February 14, 2010

16th CLSA Feng Shui Index

Thanks to Nick Tan who sent this to my mailbox. I was consumed with the house painting job until I have no time to read it until now.

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HONG KONG: The Dow Jones Index gained significantly in the previous year of the Golden Tiger in 1950, but Tiger years are typically marked by dramatic changes and even upheaval, said CLSA Asia-Pacific Markets in its 16th CLSA Feng Shui Index (CLSA FSI).

In the report with a tongue-in-cheek look at what 2010 held for equities, commodities, property, celebrities, and the zodiac signs in the months ahead, CLSA cautioned investors to view 2010, much like the tiger itself, as an energetic and powerful, but impulsive and risky, year ahead.

“Those trading equities should get set to ride the wild tiger. The markets will be volatile with a surge in the first month followed by a decline that turns upwards in June, dips, and then swings up again in September to see the Golden Tiger roar by January 2011,” it said in a statement.

With this Tiger year’s heavenly stem being metal,
CLSA said gold was set to have a great run and it predicted that it could break US$2,000 (RM6,820) per ounce.

“In fact,
commodities of all stripes will fare well including silver, copper, zinc and aluminium. Those regarded as ‘wood’ will also do very well: pulp and paper, clothing and pharmaceuticals.

“‘Fire’ and ‘earth’ elements, thus technology, power, telecoms and property will have a good yearbut ‘water’ related sectors will be challenged, translating to a bumpy time for shipping, airlines, logistics, autos and transport,” it said.

The following is CLSA’s month-by-month take on the year.

February would bring fantastic opportunities for those sharp enough to recognise them and fast enough to grab them.

• March signals the start of three bumpy months, but there’ll be no shortage of good trades for those brave enough.

In April, the influence of the stars of misfortune is especially disruptive, while the first few weeks of May will be feisty.

• June heralds a great month but maybe not the best for betting, although the
June 21 summer solstice is especially auspicious and gold may surge.

• July is more relaxed with time to enact long-cherished plans and projects.

August sees the return of volatility and precious metals look set to break upwards, especially gold, silver and copper.

In September, the trend is upwards and a mixture of considered and idle speculations offers the possibility of eye-popping returns.

October is possibly one of the best months of the year, with life returning to the markets. It marks the return of a sustained drive upwards that continues into November, December and January.

• Each of the last three months features an auspicious date; Nov 17, Dec 8, Jan 16.

• In terms of the Zodiac,
a great year lies ahead for those born in the years of the Dragon, Sheep and particularly, the Horse. A relatively good year is in store for Rats, Cows, Rabbits, Roosters, Dogs and Pigs, while it will be a bumpy ride for Tigers, Snakes and Monkeys,” it said.

CLSA said the Golden Tiger year would favour China’s wealthiest woman, Nine Paper’s Zhang Yin, a Rooster in the Chinese zodiac.

“She will take on some of the toughest competition of her career and come out on top. For China’s wealthiest man, BYD CEO Wang Chuanfu, a Horse, the sun will continue to shine as it has since Warren Buffett invested into his company and set the price soaring.

“And for Buffett, also a horse, the future looks just as bright. He is about to enter the most financially lucky period of his life. Expect some significant and unusual developments in Berkshire Hathaway’s already substantial interest in China,” it said.

“As the Chinese saying goes: ‘Once on a tiger’s back, it is hard to get off’. But if you can hang on, it is certainly the safest place to be. Enjoy the ride and Happy New Year.”


This article appeared in The Edge Financial Daily, February 4, 2010.

Saturday, February 13, 2010

World Weekly Summary

I'm getting mixed signals from around the world. Not one exchange is going to rally up strongly. Just a rebound here and there. For others, another test to the downside here and there. No strong trend. Just sit and watch.

World Monthly Weekly Daily
S&P500 Up Neutral Down
DJI Up Neutral Neutral (+)
NasdaqComp Up Neutral Neutral (+)
Nikkei 225 Up Neutral Down
Kospi Up Neutral Neutral (+)
SSECI Up Down Neutral
HSI Up Down Neutral (+)
TWII Up Neutral Down
STI Up Neutral Neutral (+)
JKSE Up Neutral (-) Down (-)
SENSEX Up Neutral Down
AORD Up Neutral Down
NZX50 Up Neutral Down
FTSE Up Neutral Down
DAX Up Neutral Down
RTSI Up Neutral Down (-)
Bovespa Up Neutral Neutral (+)

Friday, February 12, 2010

Bursa Malaysia Weekly Summary

FBM KLCI Weekly Chart

KLCI may have found a temporary bottom, it should rebound from here, and then make another attempt towards 1200. Negative MACD/lower Stochastic means that KLCI will not rally higher than 1300. The most important thing now is base building.

Sector summary:
Malaysia Monthly Weekly Daily
FBM KLCI Up Neutral Down
Finance Up Neutral Down (-)
Construction Up Neutral Neutral
Plantation Up Neutral Down
Property Up Neutral Down (-)

Wednesday, February 10, 2010

4 New CIMB Warrants

4 new call warrants from CIMB will be listed on 11 Feb 2010:
New Warrants Expiration Type Ex Price Ratio
IJMLAND-CB 30/12/2010 Call MYR 2.0000 3 : 1
UMW-CC 30/12/2010 Call MYR 6.0000 6 : 1
TCHONG-CB 30/12/2010 Call MYR 3.0000 3 : 1
HARTA-CA 30/12/2010 Call MYR 7.0000 8 : 1



Monday, February 08, 2010

Bursa Malaysia Weekly Summary

FBM KLCI Weekly Chart

Looks like a correction is underway. As I'm trading warrants mostly, I have no choice but to liquidate every warrant positions. Can't afford to wait for my call warrants to show positive or more profit. Time is not behind me. Every rebound towards 1300 only means liquidation action. Looking for the right time to get into put warrants. Currently, it is still too early to play bearish position. Market is making a correction and not making a big plunge like 2009....yet. I guess that there will be no ang pow for me this coming CNY.

Sector summary:
Malaysia Monthly Weekly Daily
FBM KLCI Up Neutral (-) Down (-)
Finance Up Neutral (-) Neutral
Construction Up Neutral (-) Neutral
Plantation Up Neutral Down (-)
Property Up Neutral Neutral

Friday, February 05, 2010

International Reserves of BNM

Date MYR (billion) USD (billion)
15-Jan-10 331.4 96.7
29-Jan-10 332.2 97.0

Source.

Wednesday, February 03, 2010

6 New OSK Warrants

6 new warrants from 6 different countries! OSK is getting creative. Listing date is 3 Feb 2010.
New Warrants Expiration Type Ex Price Ratio
BUMIRES-C1 1/10/2010 Call IDR 2,500.0000 2 : 1
CHCBC-C4 2/2/2011 Call HKD 6.0000 3 : 1
BHP-C2 1/10/2010 Call AUD 40.0000 150 : 1
AFFIN-CB 1/10/2010 Call MYR 2.4000 3 : 1
GENS-C5 2/2/2011 Call SGD 1.2000 5 : 1
APPLE-C2 2/2/2011 Call USD 200.0000 1000 : 1

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Tuesday, February 02, 2010

Bursa Malaysia Weekly Summary

I'm very busy with house painting. That is why I don't have the time to blog for the past week. I should be finishing the painting job by the end of this week. So, don't expect much until after CNY.

KLCI Weekly Chart

Just a quick update for Bursa Malaysia. KLCI weekly chart shows a bearish divergence. The selldown in the past week could be indicating the end of this uptrend from 850. No strong sell signal though. Therefore, wait for good buy signal before going in. Sector wise, every sector is under correction.

Malaysia Monthly Weekly Daily
FBM KLCI Up Up Neutral (-)
Finance Up Up Neutral (-)
Construction Up Up Neutral
Plantation Up Neutral (-) Neutral
Property Up Up Neutral

That is the only update for this week.