THAI SET HALT TRADING - SET INDEX FELL OVER 10 PERCENT

The Stock Exchange of Thailand (SET) had once suspended trading for 30 minutes at 11.35am as SET Index fell over 10 percent.

 

Investors panic sold shares after the Bank of Thailand late last night ordered banks to lock up 30 percent of any new foreign currency depostis which is above USD 20,000 for one year. This move was the recently mosts stringent imposed measures to curb sharp baht's appreciation to a nine-year high.

 

EON Capital Securities, Head of Research, Pong Teng Siew said to Bernama that "Capital control in Thailand is believed to be a signal for Foreign investors to cash out from emerging market.."

 

Sentiment over short period is expected to be influenced by this issue. If one sees our capital market development to mid and long run basis, it may be an opportunity to grab some good stocks.

ROBUST RESULTS SUPPORT RALLY

'ROBUST RESULTS SUPPORT RALLY', this is one of article i found in thestar, 4 Dec 2006. If one who followed our STOCTOUCH website from beginning, one might find we did stress the improving corporate earnings might lead our capital market moving ahead. The investors sentiment have now been changed and people started to forecast higher CI ahead.

 

No doubt, there are still majority retail investors do think it is year-end market rebound like those days. Regarding this rally, we do have our own viewpoint. But we would like to hear other's point of view as well. We would like to invite bloggers to reply some comment of this rally, tell us what do you think, share with all here. Your may also post your opinion at our Trading Kommunity, http://TradingKommunity.tz4.com

 

To read 'ROBUST RESULTS SUPPORT RALLY' of thestar's article, please go to

http://biz.thestar.com.my/news/story.asp?file=/2006/12/4/business/16202973&sec=business

NOT TO WORRY IF CI PULL BACK IN THIS WEEK

Any pull back of Composite Index (CI) or market is deemed healthy, no worry for the market. It may be an opportunity to pick up at low if market pull back substantially.

 

This month, December, may perform 'December Rally' if there is no substantial pull back in Dow Jones. The main concern is will December Rally apply to broad market, ie. to all penny stocks? From our research, it may, but we are not going to say it definately will. To confirm, market run after the pull back is essential. To make it happens, daily volume will have to maintain at > 1 billion turnover average.

 

 

MARKET MOST LIKELY TO CONTINUE THE RUN IN DEC 2006

Referring to tecnical indicators, you may find the overbought level for CI, but our system shows CI may not come with huge correction at the moment, especially throughout Dec 2006. Therefore, it is still a buying period for those unmoved stocks, especially on those penny.

 

Some may consider to short CI at the moment, but our system shows the possibility of CI correction is minor or fast, it means if it is corrected, it may rebound very fast or even it may just stay higher and higher rather than big correction ahead.

 

Apology that we have chosen a wrong counter, ie. KEURO (3565) earlier. As everybody know, the story behind the momentum of KEURO was the deal with IJM. From source, the deal is not proceeded successfully at this stage.

 

AMMB stakes sold to ANZ at RM4.30. AMMB, SIME-GHOPE-GUTHRIE, RHB, UTUSAN-NSTP, all of these good news are expected to boost our market further ahead especially in Dec 2006. Therefore, for positioning trader, it may be the right timing to position the unmoved penny stocks.

AMCORP GROUP TO SELL 11.4% OF AMMB TO ANZ

AmcorpGroup Bhd has proposed to sell 300 million AMMB Holdings Bhd shares, or 11.4% on a diluted basis, to Australia & New Zealand Banking Group Ltd (ANZ) at RM4.30 per share. 

 

AMMB is expected to make a sharp move today. AMMB-WA & WB are expected to make another round uptrend.

GOOD BUY ON MARKET CORRECTION

Market Correction won't kill our market uptrend. If sees any drop, you may consider to pick up some. To trade safe, avoiding from CA,CB,CC in current level.

 

STOC iN TOUCH

CENTURY        (7117)

CENTURY-WA (7117WA)

WATCH OUT, CA, CB, CC !!!

Most of Covered (Call) Warrants are traded at OVERBOUGHT level.

Will Covered (Call) Warrants collapse? Covered (Call) Warrants are expected to hovering at last week level.

Why? The underlying of Covered (Call) Warrants are mostly bluechips. Bluechips are expected to hold on current price level, no sharp retracement likely to occur, minor retracement is unavoidable in short period.

To buy CA, CB, CC now? Too pricy to go for CA, CB, CC now. Even volume play is too risky at this level.

TO REMIND : SOME CA IS EXPIRED END OF THE YEAR!

Yusli: Average daily trading vol to hit 1.2b in 2007

Bursa Malaysia Bhd chief executive officer Yusli Mohamed Yusoff expects the average daily trading volume for 2007 to hit 1.2 billion units - about 50% more than the current figure.

According to some analysts' estimate, the year-to-date average daily trading volume stood at about 776 million units.

Yusli said the current upside momentum on Bursa is expected to continue into next year, with trading velocity likely to hit 40% against the estimated 30% this year on rising investor interest.

"At the moment the market looks quite promising. Market is up about 15% year-to-date. We are certainly not over or gone too high if you were to compare with other markets. We have not gone too far in terms of valuation.

"There will be more upside for the market dependent on companies continuing to do well and also investors' confidence improving," he said after a press conference on Bursa Swing golf tournament in Kuala Lumpur on Nov 22.

Yusli said the market was underpinned by a "fundamentally strong and stable" economic background.

"What we need now is growth to be shown in the companies, and this growth will then drive the interest in the market," he added.

On a separate matter, he said it was still probing the events leading to the initiation of a buy-in on Tuesday involving over 10 million shares in Scomi Group Bhd that a foreign brokerage had failed to deliver.

"In the extreme case, (it) could be the person didn't have the shares. But in this case, the person did have the shares.

"We understand that there are some issues of communication breakdown. We're looking into the matter," he said, adding that the case could be a "genuine mistake".

Meanwhile, the Bursa Swing sponsorship agreement signed with Parallel Media Asia will see Bursa sponsoring five PGA European Tour and Asian Tour co-sanctioned tournaments held in strategic locations across Asia.

"Being very competitive, it becomes visionary for Bursa in doing so as golf has a worldwide following. Within the emerging markets, we have to compete with markets that did not exist a few years ago. There is a need to raise our profile."

Parallel Media Asia managing director Keld Kristiansen said the Bursa Swing event guarantees Bursa a global television platform to over 650 million households in more than 67 countries as well as a multi-tier marketing platform with significant media value.

 

Article picked from theedgedaily.com, written by Isabelle Francis, 23 Nov 2006

STOC iN TOUCH - 23 NOV 2006

PA (7225), Target 1.90 this week

MARKET iN TOUCH - 22 Nov 2006

Buy on weak sentiment this week, especially on 22 Nov 2006. The next round uptrend may set in sooner probably end of the week or next week.

STOC iN TOUCH - 21 Nov 2006

STOC iN TOUCH - 21 Nov 2006

KEURO (3565), REASONABLE BUY : RM 0.525 - RM0.54

MARKET iN TOUCH - 20 NOV 2006

This week, 20/11/06 to 24/11/06, Bursa Malaysia (KLSE) may have small correction. The completion of this correction may lead to higher level, therefore it may be a good chance to buy low during the correction.

 

STOC iN TOUCH

IDAMAN

JADI

KLCI LIKELY TO HIT ALL-TIME HIGH EARLY 2007

The current rally on Bursa is expected to be extended with the Kuala Lumpur Composite Index (KLCI) likely to break its
all-time high of 1,332.04, which was recorded on Jan 5, 1994, early next year, a veteran stockbroker said on Nov 16.

OSK Holdings Bhd group managing director Ong Leong Huat said the major factors for the bullish outlook were the record
highs of major Asian markets, coupled with the decline in oil prices, and the low and stable interest rates.

"The equity markets should be on the positive. There is big run-up in Hong Kong, China and specifically, the Asia-Pacific area.
That will lead the market further," he told reporters after the signing of a joint-venture agreement for OSK to provide financial
services to the Middle East.

On Nov 16, the KLCI surged to a more than nine-year record, closing at 1,037.6, which was 9.22 points or 0.9% higher than
the previous day's. Year to date, the 100-stock index is up 15.31%. Trading volume was over 1.2 billion, with interest spilling
over to lower liners and penny stocks.

In the Asian markets, the Hong Kong Hang Seng Index climbed 0.32% or 61.07 points to close at a record high of
19,154.07.

"We are extremely positive, not only in Malaysia. We will see new records being broken as we move towards the end of the
year and early next year.

"You can see a lot of companies making record profits. I think the most important thing is not the index (KLCI). It is how
vibrant, how good the market is. The index is only an indicator," he said.

Among the major gainers on Bursa on Nov 16 were DiGi.Com Bhd, which rose 60 sen to RM13, Telekom Malaysia Bhd 45
sen to RM9.55 and EON Capital Bhd 35 sen to RM6.35. Kuala Lumpur Kepong Bhd gained 30 sen to RM13.60 , Maxis
Communications Bhd 25 sen to RM9.45 and Transmile Group Bhd and Tanjong plc 20 sen each to RM12.80 and RM13,
respectively.

Quoted from theedge Website, reported by Gan Yen Kuan (16 Nov 2006)

WHO IS REPCO LOW ???

Some investors may be askingh, "Who is Repco Low?"

 

Here is the article we took from thestar,

 

Repco Low, as Low Thiam Hock, is better known in the stock market circle, got his nickname as a director of the company, Repco Holdings Bhd, a high-flying stock in the 1996 Second Board bull run. 

Repco share flew to a high of RM140.50 in Sept 1997. It was at that time a Sabah-based gaming company.  

The share price later dropped to RM2.98 in August 1998 before the stock was suspended from trading on Bursa Malaysia in Oct 2000. The counter was de-listed on Aug 11, 2003.  

The company was placed under the management of the Special Administrator of Pengurusan Danaharta Nasional Bhd, after it defaulted on debts of RM604mil in 1999. 

In the last half dozen years, a number of speculative stocks that surged were often linked to Repco Low by punters although whether that was true or a market myth, it was never known.  

Repco the company was linked to several controversial corporate cases.  

Several years ago, Sime Bank's chief executive officer Datuk Ismail Zakaria was charged with exceeding his authority for giving a RM175mil loan to Everise Capital Sdn Bhd, a subsidiary of Repco, to buy shares.  

Last year, Refco Inc, the largest independent US futures broker, collapsed and an internal probe found that it was owed millions by Repco since the mid 1990s.  

REPCO LOW ACQUITTED

Breaking News : Businessman Repco Low was acquitted from share manipulation charges by the Kuala Lumpur Sessions Court Tuesday without his defence being called