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Thursday, December 30, 2010

KLCI End of Year Analysis

KLCI Monthly Chart

1500 is hard to crack. Monthly Stochastic has been in the overbought region throughout 2010! Monthly RSI also points to a overbought condition which usually means limited upside in the future. However, with money flooding into the system, the uptrend can be longer than anyone expected.

2011 theme should be inflation. To play the inflation theme, one must buy companies that are involved in producing the raw material such as mining and agriculture and avoid companies that deals with the end users. This is because it is easy for the producer to hike up prices to the manufacturers, but it is harder for the manufacturer to pass on the cost to the end consumers.

For the various Bursa Malaysia sectors, all had a good run in 2010, but now look toppish. They look like in distribution mode for the pass month and two. So, sell into strength because the market cannot always go up.

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

Concerning IJM/IJMLand, someone really has inside information that cause the great plunge. SC should investigate. The suspension should have started before the trading days begins, not at 12pm. Anyhow, stock trading is always an unfair game, so just keep that in mind.

Interesting Chart: YTLPowr

YTLPowr Daily Chart

A buy signal given. This could be another chance to ride the uptrend.

Disclosure: Long

By the way, the IGB chart turns out to be boring, therefore, I have to let it go.

Tuesday, December 28, 2010

New SW

4 SW will be listed on 29 Dec 2010:
New Warrants Expiration Type Ex Price Ratio
CHMOBIL-CF 28/12/2011 Call HKD 78.0000 20 : 1
WANT-C1 28/12/2011 Call HKD 6.5000 3 : 1
AIA-C3 28/12/2011 Call HKD 21.0000 10 : 1
GENS-CD 28/12/2011 Call SGD 2.2500 6 : 1

Tuesday, December 21, 2010

New Foreign SW

4 new SW from CIMB will be listed on 21 Dec 2010:
New Warrants Expiration Type Ex Price Ratio
WYNN-C3 22/12/2011 Call HKD 16.8800 10 : 1
HSBC-C8 22/12/2011 Call HKD 75.0000 40 : 1
HSI-CE 29/06/2012 Call 24,000.00 4000 : 1
HSI-H3 29/06/2012 Put 24,000.00 4000 : 1

Saturday, December 18, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

Still cannot break.

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

Friday, December 17, 2010

Interesting Chart: IGB

IGB Daily Chart

May have broken the triangle pattern. May also have cleared the resistance at 2.05. If it can stay above this level by the close of today, then the next resistance is 2.35-2.50.

Disclosure: Long

Friday, December 10, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

Looks like the 1520 is a tough nut to crack. After 3 times, still no success. I'm seeing conflicting signal from the weekly chart. MACD & Stochastic points downwards, EMA points upwards while RSI also indicates upwards. Maybe this indicates a top. I see excessive exuberant in a few counters based on the premium on the warrants. Examples are SPSetia and Pchem. Anyway, no downtrend signal yet.

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, December 09, 2010

New OSK CW

6 new CW from OSK is listed today (9 Dec 2010):
New Warrants Expiration Type Ex Price Ratio
GENTING-CW 5/8/2011 Call MYR 9.8000 12 : 1
BURSA-CR 5/8/2011 Call MYR 7.5000 10 : 1
GAMUDA-CO 5/8/2011 Call MYR 3.5500 4 : 1
AIA-C2 5/8/2011 Call HKD 21.0000 12 : 1
ABC-C1 5/8/2011 Call HKD 4.0000 2 : 1
APPLE-C4 5/8/2011 Call USD 300.0000 1000 : 1

Wednesday, December 08, 2010

International Reserves of BNM

Date MYR (billion) USD (billion)
15-Nov-10 326.5 105.8
30-Nov-10 326.4 105.8

Source.

Friday, December 03, 2010

Bursa Malaysia Weekly Summary

KLCI Weekly Chart

Market still refuse to correct significantly. Europe and US central bank keeps pumping money. The extra money will end up being used for speculation. Maybe the general election is near. Need to keep the voters happy, if not, they will vote you out. So, I'm that happy the market is not dropping but also cautious for any sell off.

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

Thursday, December 02, 2010

New OSK CW

4 new call warrants from OSK will be listed on 3 Dec 2010:
New Warrants Expiration Type Ex Price Ratio
AIRASIA-CK 1/8/2011 Call MYR 2.3000 3 : 1
PCHEM-CA 1/8/2011 Call MYR 5.0000 5 : 1
IOICORP-CQ 1/8/2011 Call MYR 5.6000 6 : 1
SANDS-C2 1/8/2011 Call HKD 16.0000 8 : 1

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