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Saturday, October 30, 2010

Interesting Chart: Digi

Digi Weekly Chart

Announced MYR0.50 dividend, ex-date on 11 Nov 2010. Since the announcement date, the price has moved 60 cents. Based on the chart, it should challenge the all time high of 27.50.

Disclosure: No position

Bursa Malaysia Weekly Summary

KLCI Daily Chart

Are we getting complacent? KLCI keeps going up. Is this to prepare for the listing of Petronas's chemical company? Hopefully, the oil and gas sector is pulled up due to this excitement. Daily KLCI RSI bearish divergence may have been broken based on last Friday's action. I must admit that it is hard to interpret the chart now. I feel uncomfortable buying in a very overbought condition since the anticipated support area is too far from the current price. On the other hand, I have not seen any selling signal. No euphoric buying yet. So, just sitting tight. Remember, big money is made during a big move. Don't go for the ikan bilis profit of 10-20%, aim for above 50% (or 100% if you are trading warrants).

Sector summary:
Malaysia Monthly Weekly Daily
FBM KLCI Up Up Up
Finance Up Up Up
Construction Up Up Up
Plantation Up Up Up
Property Up Up Up

Thursday, October 28, 2010

Day of Warrants

9 new warrants will be listed on 29 Oct 2010. The first 5s are from CIMB while the last 4s are from OSK.
New Warrants Expiration Type Ex Price Ratio Call Price
BJTOTO-JA 28/07/2011 Bull MYR 3.6500 4 : 1 MYR 3.8000
WCT-CC 28/10/2011 Call MYR 3.2000 4 : 1
AFFIN-CD 28/10/2011 Call MYR 3.0000 4 : 1
YTLPOWR-CB 28/10/2011 Call MYR 2.1500 2 : 1
AIRASIA-CJ 28/10/2011 Call MYR 2.3500 3 : 1
GLD-C3 27/06/2011 Call USD 125.0000 350 : 1
AIA-C1 27/06/2011 Call HKD 18.0000 6 : 1
MMCCORP-CC 27/06/2011 Call MYR 2.9000 3 : 1
MAYBANK-CP 27/06/2011 Call MYR 8.5000 7 : 1

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Wednesday, October 27, 2010

More Warrants

4 new warrants from AM will be listed on 28 Oct 2010:
New Warrants Expiration Type Ex Price Ratio
QSR-CA 18/08/2011 Call MYR 5.1500 6 : 1
WCT-CB 18/08/2011 Call MYR 3.1000 4 : 1
GLD-C2 18/08/2011 Call USD 130.0000 380 : 1
APPLE-C3 18/08/2011 Call USD 300.0000 1350 : 1

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Friday, October 22, 2010

Bursa Malaysia Weekly Summary

Chart is still up, but can see some weakness. However, construction and property still looking strong with increasing volume.

Sector summary:
Malaysia Monthly Weekly Daily
FBM KLCI Up Up Up
Finance Up Up Up
Construction Up Up Up
Plantation Up Up Up
Property Up Up Up

Still holding my position. Hopefully, the rally can continue until the year of the rabbit.

International Reserves of BNM


Date MYR (billion) USD (billion)
30-Sep-10 310.8 100.7
15-Oct-10 322.7 104.6

Source. This is a huge jump considering that it is not due to quarterly readjustment. Anyhow, need another 2 or 3 data points to determine whether this is a trend or just a one time event.

Thursday, October 21, 2010

3 New Structured Warrant

3 new structured warrant from CIMB will be listed on 22 Oct 2010:
New Warrants Expiration Type Ex Price Ratio Call Price
MAXIS-JA 21/07/2011 Bull MYR 4.7500 5 : 1 MYR 4.9500
MPHB-JA 21/07/2011 Bull MYR 1.8000 3 : 1 MYR 1.9000
UMW-CD 21/10/2011 Call MYR 6.5000 5 : 1

Saturday, October 16, 2010

Bursa Malaysia Weekly Summary

KLCI Daily Chart

Bearish divergence detected in the daily chart. This is due to the financial sector which shows the same behavior. Property sector is very overbought but should be able to go up further after a correction (current reading at 950, next resistance at around 1100). Construction sector is also very overbought and should correct before challenging the next resistance (current reading at 270, next resistance at around 285). Plantation rallied a lot last week and now is also in the very overbought zone (current reading at 7400, next resistance at 8000).

Based on the monthly chart, only the financial sector is in the very overbought zone. Plantation, property and construction will have to do some catching up.

Summary:
Malaysia Monthly Weekly Daily
FBM KLCI Up Up Up
Finance Up Up Up
Construction Up Up Up
Plantation Up Up Up
Property Up Up Up

Friday, October 15, 2010

4 New Call Warrants

4 new call warrants from CIMB will be listed on 18 Oct 2010:
New Warrants Expiration Type Ex Price Ratio
DRBHCOM-CC 18/10/2011 Call MYR 1.1500 2 : 1
KLK-CJ 18/10/2011 Call MYR 17.0000 20 : 1
MMCCORP-CB 18/10/2011 Call MYR 3.1500 4 : 1
MRCB-CE 18/10/2011 Call MYR 2.1000 3 : 1

Poll: Peak Oil

Wow! So many people oil there believed in peak oil. That is a good sign. I hope that those that believe in peak oil are well prepared for the future.

Tuesday, October 12, 2010

More Warrants

4 more warrants, this time from CIMB, will be listed on 13 Oct 2010:
New Warrants Expiration Type Ex Price Ratio Call Price
GAMUDA-CN 11/10/2011 Call MYR 3.8800 5 : 1
SAPCRES-CC 11/10/2011 Call MYR 2.4000 3 : 1
MAYBANK-JA 11/10/2011 Bull MYR 7.0400 10 : 1 MYR 7.4800
PBBANK-JA 11/10/2011 Bull MYR 10.0500 15 : 1 MYR 10.6800

Monday, October 11, 2010

6 New Call Warrants

6 new call warrants from OSK will be listed on 12 Oct 2010:
New Warrants Expiration Type Ex Price Ratio
DRBHCOM-CB 7/10/2011 Call MYR 1.2900 1 : 1
TCHONG-CE 7/10/2011 Call MYR 5.6000 8 : 1
TOPGLOV-CD 7/10/2011 Call MYR 5.3000 10 : 1
GENS-CC 7/10/2011 Call SGD 1.9500 8 : 1
GENHK-C2 7/10/2011 Call USD 0.4500 3 : 1
SLV-C1 7/10/2011 Call USD 20.5000 90 : 1

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Saturday, October 09, 2010

World Market Weekly Summary

Problem? What problem? The stock market seems to have forgotten the Greeks, the PIIGS, the jobless, the property bubble or anything.

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

.....but one day, we may get caught off guard again....and kaboom! But that day was not yesterday :p

Bursa Malaysia Weekly Summary

Every sector is very extended now. Correction is imminent but can't say exactly when. If you have a position, sit tight. If no position, then just watch.

Malaysia Monthly Weekly Daily
FBM KLCI Up Up Up
Finance Up Up Up
Construction Up Up Up
Plantation Up Up Up
Property Up Up Up

Thursday, October 07, 2010

International Reserves of BNM

Date MYR (billion) USD (billion)
15-Sep-10 313.3 95.9
30-Sep-10 310.8 100.7

Source.

Wednesday, October 06, 2010

Crude Oil

WTI Crude Oil Weekly Chart

Watch out!17 months of consolidation where crude oil traded between 60-87 may be over. There is a possibility of it breaking above 87 this time. If the price goes up too fast, we are gonna have another recession.

Election time is coming, will rising crude oil (therefore rising petrol price) be the factor for a change?

Monday, October 04, 2010

5 New Structured Warrants

5 new warrants from CIMB will be listed on 5 Oct 2010:
New Warrants Expiration Type Ex Price Ratio Call Price
PROTON-CF 4/10/2011 Call MYR 4.8000 5 : 1
GENTING-CV 4/10/2011 Call MYR 9.8000 12 : 1
TENAGA-CR 4/10/2011 Call MYR 9.0000 6 : 1
GENM-JA 4/10/2011 Bull MYR 2.5500 5 : 1 MYR 2.7000
GENHK-C1 4/10/2011 Call USD 0.5000 3 : 1

Saturday, October 02, 2010

World Market Weekly Summary

Monthly charts are now pointing up (except for Japan & SSE). Daily chart shows some weakness, indicating profit taking is just around the corner. The Fed is determined to print for money (QE2), that is why the dollar is sinking. Anyhow, daily chart for the Dollar Index is very oversold, therefore, a rebound is imminent. However, the weekly chart indicates that the Dollar Index still has room to fall.

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

Friday, October 01, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

KLCI: Still in overbought zone. Daily chart still show weakness. A stronger correction should take it down to 1440.


Construction Sector Weekly Chart

Construction: Looks like it has clearly broken to the upside. Next resistance is at around 285. It seems that the market doesn't care whether the government has money to built more infrastructure. One suggestion to Mr. Prime Minister: List Petronas at Bursa Malaysia. Everyone will love it!

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