Trading ideas: Top Glove, MyEG, KPower, TH Plantations

Top Glove Corporation Bhd, My EG Services Bhd, Kumpulan Powernet Bhd and TH Plantations are among the stocks to watch on Thursday following their corporate news, TA Securities Research said.

Top Glove saw another record-breaking performance in 1QFY21 with its net profit surging over 20 times to RM2.38bil from RM111.43mil in Q1 2020.

It is expected to resume operations at all its 28 glove manufacturing plants in Meru, Klang, within the next 2 to 3 weeks, said chairman Tan Sri Dr Lim Wee Chai.

My EG plans to raise up to RM407mil via placement to fund the development of hostels for foreign workers under an ongoing project, develop healthcare-related services, and to buy fixed assets like kiosks for the online renewal of car and motorcycle road tax under its e-government concession business.

Kumpulan Powernet bagged a RM296mil contract for a mini-hydropower plant in Perak from Kangsar Hidro Sdn Bhd. It is optimistic of achieving its order book target of RM2bil by year-end.

AWC Bhd has secured a five-year hospital support services contract from the Health Ministry worth RM107.89mil.

Meanwhile, the government has decided to withdraw the approval of indirect property acquisition by Tamaco Plantation Sdn Bhd from TH Plantations on Dec 4, for further scrutiny and other factors.

Bursa Securities has queried Cymao Holdings Bhd on the sharp rise in its share price and volume recently.

Bukit Hitam Development Sdn Bhd's Bromelia Phase 1 has achieved a take-up rate of 90% since its launch on Dec 8. Bukit Hitam is the property division of Ayer Holdings Bhd.

Source : The Star

Biden Leading The US Election Effect On Malaysian Stock Market

Presidential elections between President Donald Trump and former Vice President Joe Biden could have dramatic effects on various stocks and sectors, and investors have spent months trying to identify potential winners and losers. The result of the United States presidential election is expected to have a lasting, positive effect on Malaysian's stock market in the mid- to long-term.

Malaysia’s Budget 2021 is also a crucial highlight this event-heavy week which also saw Bank Negara Malaysia maintained the Overnight Policy Rate at 1.75.

Malaysia's prime minister urged lawmakers to pass the 2021 budget, in spite of efforts by the opposition to oust his government and pressure from unhappy partners within the governing coalition.

Bursa Technology index constituents pared gains when markets closed. At 5pm, leading gainer MPI ended at RM24.10 while Unisem finished at RM6.11 as investors took a cue from US stocks' overnight performance. Malaysia's 10-year benchmark yield up 0.4 basis points to 2.625%.

Here you find the latest information on FTSE Bursa Malaysia KLCI (^KLSE) including data, charts, related news, and more click here.

Bursa slips deeper into red, over 1,000 stocks fall

 Bursa Malaysia slipped deeper into the red in late afternoon trade on Friday with over 1,000 counters falling, tracking the falls in key Asian markets on worries about the outlook for tech giants.

FBM KLCI was down 28.76 points or 1.92% to 1,466.44. Turnover was 4.05 billion shares valued at RM2.37bil. There were 147 gainers, 1,056 losers and 248 stocks unchanged.

Key Asian markets fell with South Korea's Kospi down 2.56%, Japan's Nikkei 225 1.52% and the Topix 1.96% while the Shanghai Composite lost 1.49% and Singapore's STI 0.93%.

Top Glove lost 21 sen to RM8.57 and erased 2.59 points while Hartalega lost six cents to RM17.96 and shed 0.31 of a point.

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VALUE INVESTING REPORT OF SGX 30/09/2020

 VALUE INVESTING REPORT OF SGX 30/09/2020

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Can gloves break new high again after TOPGLOV boss interview?

 

Sector to focus: CONSTRUCTION , HEALTHCARE, PLANTATION 

1. JTIASA (4383) 

2. THPLANT (5112) 

3. GOODWAY (7192) 

4. KOMARK (7017)

🤔  Are we getting another big selldown soon?

 Market now rebound?

 Can gloves break new high again after TOPGLOV boss interview? 🤔

🎉 Join our group to see how we catch TOPGLOV, HLT before they exploded! 👀

How to use Technical Analysis to read Market Trends

We use technical analysis to detect trends in security prices. The theory to this is that stock prices are a matter of supply and demand. We use charts to interpret stock history. By evaluating price and volume, we may predict future movement of stocks based on past trends.

Identifying Trends: Our Market Experts use technical analysis to boost your returns.This method involves the study of price and volume data to predict the future trends of stocks.

Look for patterns: The next step is to review what major support and resistance levels stand in the way of the trend. Price patterns are predictable because they repeat over time.

Take for Probability: Our team uses this tactic to assess stock behavior, to see better returns on your investments.

Why Friday is the best day to sell stocks?

Ever wondered why usually market goes slower and in a down trend on Friday?

When market turns red on almost every Friday there are lot of short traders which hold stocks within 1 week of trading days (Mon-Fri) as compared to the long - term investors.

Therefore, “Friday is the best day to sell stocks” is a notion where traders do not like the exposure to the market in the weekend.

The world is unsure, however on a weekday the stock costs can change in accordance with news every minute of every day ,while there is far less chance to alter positions in the end of the week. On the off chance that you don't need presentation to this vulnerability you close the situations before the end of the week (and informal investors frequently close their positions before the business sectors near maintain a strategic distance from medium-term introduction for a similar explanation). 


Taking everything into consideration, its everybody inclination whether to be a transient broker or long haul financial specialist, there is no correct decisions between those two.


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Top 3 Most Reliable Indicators for Year 2020 You Must Know before Investing...

Using trading indicators is a part of any technical trader’s strategy. 

Paired with the right risk management tools, it could help you gain more insight into price trends. 

Here are the Top 3 Technical Indicators For The Year 2020-

1) Bollinger Bands.
2) Ichimoku Kinko Hyo (AKA Ichimoku Cloud)
3) Relative Strength Index (RSI)

Bollinger bands

A Bollinger band is an indicator that provides a range within which the price of an asset typically trades. The width of the band increases and decreases to reflect recent volatility. The closer the bands are to each other – or the ‘narrower’ they are – the lower the perceived volatility of the financial instrument. The wider the bands, the higher the perceived volatility.

Relative strength index (RSI)

RSI is mostly used to help traders identify momentum, market conditions and warning signals for dangerous price movements. RSI is expressed as a figure between 0 and 100. An asset around the 70 level is often considered overbought, while an asset at or near 30 is often considered oversold.

Ichimoku cloud

The Ichimoku Cloud, like many other technical indicators, identifies support and resistance levels. However, it also estimates price momentum and provides traders with signals to help them with their decision-making. The translation of ‘Ichimoku’ is ‘one-look equilibrium chart’ – which is exactly why this indicator is used by traders who need a lot of information from one chart.

DOUBLE YOUR INCOME WITH VALUE INVESTING

The father of value investing, Benjamin Graham gave a great speech in 1963 that left a deep impression  - 

The investor must recognize that there are uncertain and hence speculative elements in any policy he follows — even an all-Government-bond program. He must deal with these uncertainties by a policy of continuous compromise between bonds and common stocks, and by adequate diversification. He must make a strong effort to have more money invested in common stocks at lower market levels at least on the basis of the cost than at what he recognizes to be potentially high levels.

How to maximize returns - 

When markets are cheap, you should maximize your stock exposure and when they turn expensive, you should maximize your bond exposure.

#1. INVEST IN BALANCED FUNDS

#2. INVEST IN UNDERVALUED STOCKS

#3. INVEST IN SAFE OPTIONS

#4. INVEST IN STOCKS LIKE A TRADER

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Bursa Billionaires and Their Strategies

While the economy is confronting headwinds from various bearings, it is the enterprising soul of the rich that is giving some relief. By making administrations and items, they give business and add to the country's coffers by means of assessments. Obviously, en route, they additionally accumulate riches for themselves, which is the objective of each business person.

The 34 Bursa billionaires on our list have a combined wealth of RM115.133 bil, an amazing amount by local standards. It translates to about 27.5% of the country’s latest international reserves. To put their combined wealth in perspective, as of Oct 15, Bank Negara Malaysia had RM418 bil in international reserves, which can help the government finance 8.8 months of sustained imports. In comparison, the RM115.133 bil amassed by these billionaires can help sustain more than two months of imports for the entire nation!

Book Your Profit Now!!!

FBM KLCI down 7.5pts as index seen overbought

FBM KLCI down 7.5pts as Index Seen Overbought

The FBM KLCI fell 7.5 points or 0.47% at Bursa Malaysia's afternoon close today amid US-China trade deal uncertainties and after analysts said the benchmark index was in overbought zone.

"After racking some 3% gains over the past couple of weeks with the key index already at the overbought zone, a retreat is in store. The fresh uncertainties over the Sino-US trade deal may also serve as an excuse for profit taking activities to take precedence," Malacca Securities Sdn Bhd said in a note today.

At 12:30pm, the KLCI settled down at 1,590.48 on profit taking after closing up 17.98 points or 1.14% at 1,597.98 yesterday.

A Bullish Bias May Emerge in Greatech Technology Bhd

Shares in Greatech Technology Bhd rose 2.47% this morning following a positive technical outlook on the stock.

At 9.19am, Greatech added 4 sen to RM1.66 with 1.67 million shares traded.

RHB Retail Research said Greatech Technology Bhd may rise higher after posting a white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced.

“A bullish bias may emerge above the RM1.55 level, with an exit set below the RM1.46 threshold.

“Towards the upside, the immediate resistance is at RM1.70. This is followed by the RM1.80 level,”

Financial Clutter and How to Avoid It

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Hang Seng Almost Flat as Property Firms Trade Higher

The global economy is expected to be in focus in Asia on Wednesday following weak US manufacturing data overnight. The data comes on the heels of disappointing figures from Europe earlier this week.

The US will remain in focus this week, with attention now turning to the ADP employment report due on Wednesday and the monthly jobs report on Friday. Moreover, slowing growth globally, coupled with the US-China trade war, has sparked yet more speculation about US Federal Reserve interest rate cuts this year.

With the China markets resuming trading only on October 8, we will sharpen our focus on Hong Kong, which witnessed its worst day of violence on Tuesday amid anti-government protests that are in their fourth month now.

Watchlist for the Week 1st October 2019 - 4th October 2019

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or Register Here for Assistance

Disclaimer - The above information is our analysis and not the recommendation to trade or make entry. Please consult us before taking any actions.

Know Where to Place your STOP LOSS

No one wants to lose money when they're playing the market. That's why it's important to set a floor for your position in a security. That's where stop-loss orders come in.

Where to Place your STOP LOSS

Where to Place a Stop Loss Order When Buying One of the simplest methods for where to place a stop loss order when buying is to put it below a "swing low." A swing low occurs when the price falls and then bounces. It shows the price found support at that level. Where to Place a Stop Loss Order When Short Selling One of the simplest methods for where to place a stop order when short selling is to put it above a "swing high." A swing high occurs when the price rises and then falls. It shows the price found resistance at that level.

Where to Place your STOP LOSS Visit Our Website - www.felixresearch.co

US - China Trade War

Did you know about Gold ETF

The advantage of an ETF investment is its ability to mirror an index or its underlying asset at a lower cost. It is also cheaper to invest than unit trusts due to lower management fees.

With an AUM of more than RM770bil, the Malaysian fund management industry can benefit greatly with an ETF market which is more vibrant and active.

                                    
                                                         Hacks of ETF Trading         

ETFs are listed and traded on a stock exchange. With units in an ETF, investors can gain exposure to a geographical region, market, industry or sector, commodity such as gold or oil or even a specific investment style such as growth or value. To determine the exposure, investors will need to look at its underlying benchmark or the assets held in the ETF. For example, Asia’s first Syariah-compliant ETF, MyETF- Dow Jones Islamic Market Malaysia Titans 25 (myETF-DJIM25) trades on Bursa Malaysia and tracks the Dow Jones Islamic Market Malaysia Titans 25 Index. This indicates that MyETF-DJIM25 holds shares of the 25 leading syariah-compliant listed companies in the country.

Why do investors choose ETFs?

Diversified Exposure

Unlike individual shares, ETFs hold a basket of securities with the objective of mimicking the performance of an index. This basket can be made up of shares, bonds or commodities, depending on the index that the ETF is based on.

Instead of holding a few stocks or bonds, investors can use ETFs for exposure to a diversified basket of investment products.

Cost Effectiveness

Lower annual management fees for ETFs compared to unit trusts makes ETFs economical to buy and to maintain in the long run.

Simplicity

ETFs are listed on the Main Market of Bursa Malaysia. Similar to stocks, the buying and selling of ETF units are done based on its current market price in a single transaction. Trades can be done online or through stock brokers.

Transparency

Investors know exactly which stocks or underlying assets is held in the ETF by visiting the ETF’s website, provided by its manager. Here, the list of ETF constituents is updated on a daily basis.