Beruflich Dokumente
Kultur Dokumente
N ew s
1 . Da ily M a rk e t C o m m e n ta r y
2 . We e k ly S t ra t e g y
3 . We e k ly T e c h n ic a l O u t lo o k
Fu nd a me n tal Rep o r ts
1 . Be r j a y a S p o rt s T o t o B e rh a d : L o w e r Pr iz e Pa y o u t in 3 Q F Y 1 8
2 . T o p G lo ve C o rp o ra t i o n Be r h a d : 2 H F Y 1 8 to b e E v e n S t ro n g e r
Te ch n ic al R ep o rt s
1 . We e k ly T e c h n ic a l S to c k Pic k s
2 . Da ily M o n e y F lo w o f T e c h n ic a l S to c k P ic k s
- FBMKLCI
3 . We e k ly A c e M a r k e t S to c k W a tc h
4 . We e k ly S m a l l C a p S to c k Wa tc h
5 . We e k ly S to c k Sc re e n
6 . We e k ly F o re ig n Sto c k W a tc h (A U S , H K , F S S T I & U S )
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048
www.ta.com.my
Daily Market Commentary
Monday, 19 March 2018
TA Research, e-mail : taresearch@ta.com.my
For Internal Circulation Only
Weekly Strategy
Market View, News in Brief: Corporate, Economy, and Share Buybacks
Kaladher Govindan Tel: +603-2167 9609 kaladher@ta.com.my www.taonline.com.my
For the week, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) edged
2.47 points, or 0.13 percent higher to 1,846.39, as gains on Petronas Gas (+79sen), HLFG
(+52sen) and Petronas Dagangan (+48sen) offset losses in Nestle (-RM14.00) and KLCC
Stapled Group (-21sen). Average daily traded volume and value stabilized at 2.56 billion
shares and RM2.65 billion last week, compared to the 2.59 billion shares and RM2.51 billion
average respectively the previous week.
Macro factors continued to undermine investor sentiment last week and are likely to prevail.
Notably, the US monetary and trade policies are two important factors that will continue to
contribute to global market uncertainties after the tension between US and North Korea
eased. In comparison, the ongoing diplomatic crisis between Britain and Russia, after a
former Russian spy and his daughter were poisoned on British soil, with the tit for tat
removal of diplomats is not expected to escalate into something that could affect the rest of
the world. Locally, the fast approaching deadline for the 14th general election and
speculations about dissolution of the parliament in early April, that could pave way for an
election during the month or early May, is another reason for market jitteriness, especially
among foreigners who have increased their selling in recent weeks.
The FBMKLCI is expected to trade sideways in the early part of this week but profit taking
pressures could increase after the US Federal Reserve meeting on Wednesday, if the policy
maker remained hawkish in its economic and interest rate forecasts. A 25-basis point hike
to between 1.50% and 1.75% in the Fed fund target range is a foregone conclusion as
financial markets have been expecting that and it has been largely priced in. As such, the Fed
is likely to take this opportunity to meet those expectations as the Fed Chairman Jerome
Powell has already given an upbeat assessment of the economy in end-February.
With US$1.5tn in tax cuts, similar amount in infrastructure spending and tightening labour
market conditions, inflationary pressures could rise faster. Although the core personal
consumption expenditure (PCE), the Fed’s preferred gauge of inflation, was only at 1.5%
YoY in last January versus Fed’s target of 2%, it has risen at its fastest pace in the last 12
months at 0.3% during the month.
Page 1 of 8
19-Mar-18
Thus, any indication for more than three hikes this year will have negative impact on
emerging markets, including Malaysia, as foreign funds could move out in anticipation of a
stronger US dollar in the short-term. In the long run, ballooning US budget deficits, which is
expected to surpass USD1 trillion next year and remain at this level for many more years to
come could undermine its strength, especially when the eurozone and Japan start unwinding
their monetary stimulus. Trade war and President Trump’s decision to impose higher tariff
on foreign products may take time to produce the intended impact in reducing trade deficit
or even backfire as its trading partners are expected to retaliate. Besides, using local
resources should increase its input cost and ability to compete globally.
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change
without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use
of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the HOD, Kaladher Govindan, who prepared this report, has interest in the following securities covered in this report:
(a) nil
Page 2 of 8
19-Mar-18
N e w s I n B r i e f Corporate
Top Glove Corp Bhd added another RM100mn to its current financial year's capital
expenditure of RM213.3mn to set up a factory in Vietnam, tailored for vinyl glove
production. The factory, which will be completed in one to two years, would also
complement its China operation. The decision to venture into Vietnam was because of
lower labour and other costs. (The Edge)
Dagang NeXchange Bhd (DNeX) teamed up with Asia-Pacific Model E-Port Network
(APMEN) Operational Centre to jointly work towards creating a more efficient cross-
border trade between Malaysia and China. Under a memorandum of understanding (MoU)
signed, DNeX and APMEN Operational Centre will seek to energise trade between the
two countries through the adoption of a comprehensive and innovative cooperation
programme. (The Edge)
Comments: We believe the MoU signed is part of DNeX’s strategy to improve its facilitation
platform and increase the level of stickiness as it loses its monopoly of the NSW in 2019. We are
largely positive on the MoU but believe it will have little impact to earnings. Maintain earnings
forecast and TP of RM0.69 based on SOP valuations. Maintain Buy.
MWE Holdings Bhd received a privatisation offer of RM1.75 a share from tycoon Tan
Sri Surin Upatkoon, via his company Pinjaya Sdn Bhd. Pinjaya proposes to undertake the
privatisation via a selective capital reduction and repayment exercise. Pinjaya and parties
acting in concert in the offer already owns an estimated 32.62% stake in MWE comprising
75.1mn shares. Surin is the ultimate offeror. (Bursa Malaysia)
Wah Seong Corp Bhd’s indirect wholly-owned Wasco Engineering International Ltd has
bagged a USD34.6mn (RM135.2mn) contract for the design and sale of gas compressor
packages, and associated plant and site facilities in Iraq. The contract, awarded by Basrah
Gas Co, headquartered in Basra, Iraq, is expected to start this month and end by year-end.
(Bursa Malaysia)
Vizione Holdings Bhd announced a share consolidation exercise which will see seven
shares of the company consolidated into one share. The proposal is aimed at fetching a
higher trading price for its shares, and to attract more investors, research houses and fund
managers. (Bursa Malaysia)
Priceworth International Bhd revised its proposed rights issue with bonus shares due
to the new no-par-value regime under the Companies Act 2016. The two-for-one rights
issue will now consist of a single call of 5.0 sen per share, payable in cash, instead of a two-
call exercise. The proposed bonus issue of one share for every two rights shares
subscribed remains unchanged. (Bursa Malaysia)
Bina Darulaman Bhd reactivated its executive committee to assist the management in
day-to-day operations and other business dealings until a new group managing director is
appointed, following the passing away of Datuk Izham Yussof on March 13. (Bursa Malaysia)
Golden Land Bhd plans to acquire a third piece of land measuring 1,625ha in the
Sandaran district in Indonesia's East Kalimantan province, via a 95%-indirectly owned unit.
The unit inked an agreement with an Indonesian company to assist in obtaining the
required documents and to help in resolving issues, claims, disputes, and clearing of the
land, within 36 months from the signing date. (Bernama)
Page 3 of 8
19-Mar-18
Berjaya Sports Toto Bhd's net profit rose 23.6% to RM59.2mn in 3QFY18 from
RM47.9mn a year ago, on improved performance achieved by Sports Toto Malaysia Sdn
Bhd and H.R. Owen Plc. The group declared a third interim dividend of 4 sen per share.
For the cumulative nine months, net profit grew 15.7% to RM195.3mn from RM168.8mn a
year ago. (Bursa Malaysia)
PRG Holdings Bhd's Hong Kong-listed manufacturing arm, Furniweb Holdings Ltd,
reported a 28.6% YoY rise in net profit for FY17 to RM8.6mn from RM6.7mn, mainly due
to a gain on the disposal of a subsidiary. PRG booked in a gain on disposal of part of the
group's interest in Furnitech Components (Vietnam) Co Ltd of RM6.8mn during the year,
besides listing expenses of RM7.2mn. (Bursa Malaysia)
Page 4 of 8
19-Mar-18
N e w s I n B r i e f Economy
Asia Japan Parliament Approves New BOJ Leadership - Lawmaker
Japan’s parliament approved on Friday the government’s nominees for central bank
governor and deputy governors, Lower House Speaker Tadamori Oshima said. Bank of
Japan Governor Haruhiko Kuroda has been approved for another five-year term after his
current one ends in April. Masazumi Wakatabe, an academic known as a vocal advocate of
aggressive easing, and career central banker Masayoshi Amamiya will become Kuroda’s
deputies next week. The nominees were approved during a lower house plenary session,
following approval by the upper house. Prime Minister Shinzo Abe’s ruling coalition holds a
comfortable majority in the both chambers. (The Star)
Page 5 of 8
19-Mar-18
Targeting China, Trump Threatens Student Visas. That Would Hit a Big U.S.
Export
The Trump administration’s proposed crackdown on China’s trade practices could hit one
sector where the U.S. runs a big trade surplus: higher education. The White House is
considering limiting visas to Chinese students as part of a broad package of measures
targeting Beijing, which the U.S. accuses of violating intellectual-property laws and other
misdeeds. A White House official said the package, including tariffs, could be unveiled later
this month. The U.S. has long run a large trade deficit in goods and services with China and
the rest of the world. In the education industry, the U.S. runs a global trade surplus—in no
small part due to China. China sends more students to the U.S. than any other nation,
accounting for roughly one-third of the 1.1 million international students enrolled at
American universities in the 2016-2017 academic year. China has long valued access to U.S.
colleges and universities, which consistently rank among the best in the world. When
international students and their families spend money at American colleges, it is considered
an export for the U.S. because money flows from a foreign country to the U.S. Foreign
students attending American educational institutions accounted for $39.4 billion in U.S.
exports in 2016, Commerce Department data show. That figure mainly reflects the tuition
students pay and excludes spending on many other goods and services, such as rent,
clothing or food. By contrast, Americans studying abroad bought $7.6 billion in education
imports that year. That means the U.S. ran a trade surplus of nearly $32 billion in
education, one of the largest of any industry. It is close to the U.S. civilian aircraft industry’s
$43 billion surplus in trade last year. (The Wall Street Journal)
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
Page 8 of 8
For Internal Circulation Only
BUILDING MATERIALS
ANNJOO 3.35 4.34 29.6% Buy 1,735 1.32 43.7 46.6 7.7 7.2 6.5 7.4 3.98 -15.8 2.27 47.6 -13.2
CHINHIN 1.10 1.39 26.4% Buy 612 1.00 11.4 11.1 9.6 9.9 5.8 5.1 1.49 -26.2 1.00 10.6 -9.1
ENGTEX 1.06 1.38 30.2% Buy 451 0.83 14.2 16.1 7.5 6.6 2.0 2.9 1.52 -30.3 1.01 5.0 -3.6
CONSTRUCTION
GADANG 0.94 1.69 79.8% Buy 620 1.14 14.2 18.1 6.6 5.2 3.2 3.2 1.37 -31.4 0.92 2.2 -15.3
GAMUDA 5.04 6.00 19.0% Buy 12,388 0.86 34.5 35.6 14.6 14.1 2.4 2.4 5.52 -8.7 4.58 10.0 1.6
IJM 2.68 2.96 10.4% Hold 9,723 1.20 13.7 18.6 19.5 14.4 3.5 3.5 3.61 -25.8 2.55 5.1 -12.1
KAB 0.26 0.38 44.2% Buy 8 na 31.4 37.3 0.8 0.7 3.8 4.6 0.33 -21.2 0.25 6.1 -13.3
PESONA 0.37 0.46 24.3% Buy 257 1.17 5.0 4.5 7.5 8.2 4.1 4.1 0.74 -49.7 0.36 2.8 -17.8
SENDAI 0.71 0.55 -22.5% Sell 555 1.26 9.1 8.5 7.8 8.4 1.4 1.4 1.39 -48.9 0.63 12.7 -17.9
SUNCON 2.11 2.65 25.6% Hold 2,727 0.64 14.7 16.4 14.3 12.8 3.8 4.3 2.64 -20.1 1.72 22.7 -15.9
WCT 1.37 1.50 9.5% Sell 1,927 0.99 11.3 10.8 12.1 12.7 2.2 2.2 2.48 -44.6 1.30 5.4 -15.4
LITRAK 5.68 6.26 10.2% Hold 2,998 0.32 45.6 47.1 12.4 12.1 4.4 4.4 6.15 -7.6 5.40 5.2 2.3
CONSUMER
Brewery
CARLSBG 19.04 18.09 -5.0% Buy 5,857 0.73 87.8 91.8 21.7 20.7 4.5 4.6 21.00 -9.3 14.36 32.6 24.4
HEIM 21.40 21.64 1.1% Hold 6,465 0.41 93.0 101.6 23.0 21.1 3.5 3.7 23.04 -7.1 16.98 26.0 13.2
Retail
AEON 1.77 1.97 11.3% Buy 2,485 0.18 7.5 8.9 23.5 19.8 2.5 2.8 2.52 -29.8 1.45 22.1 0.6
AMWAY 7.70 8.59 11.6% Buy 1,266 0.49 48.3 49.9 15.9 15.4 5.2 5.3 8.10 -4.9 6.97 10.5 5.4
F&N 31.82 33.74 6.0% Buy 11,663 0.25 122.7 145.8 25.9 21.8 2.5 3.0 34.50 -7.8 23.40 36.0 17.9
HUPSENG 1.08 1.25 15.7% Buy 864 0.41 5.7 5.9 18.9 18.3 5.6 5.6 1.28 -15.6 1.05 2.9 -0.9
JOHOTIN 1.02 1.48 45.1% Buy 317 1.01 11.1 11.7 9.2 8.7 5.9 6.4 1.76 -42.0 1.00 2.0 -15.7
NESTLE 131.00 129.90 -0.8% Hold 30,720 0.44 322.2 360.2 40.7 36.4 2.3 2.5 163.00 -19.6 77.20 69.7 26.9
PADINI 4.70 4.67 -0.6% Sell 3,092 0.82 28.0 30.4 16.8 15.5 2.7 2.8 5.50 -14.5 2.86 64.4 -11.0
POHUAT 1.51 2.01 33.1% Buy 332 0.59 22.9 25.4 6.6 5.9 5.3 5.3 2.07 -27.0 1.43 5.6 -15.6
QL 4.80 5.41 12.7% Hold 7,788 0.59 12.8 14.7 37.4 32.6 0.9 1.0 5.05 -5.0 3.47 38.4 10.3
SIGN 0.60 0.92 53.3% Buy 137 0.61 6.9 9.2 8.6 6.5 4.2 5.8 1.07 -43.9 0.57 5.3 -14.9
Tobacco
BAT 27.68 34.72 25.4% Hold 7,903 1.47 170.8 168.8 16.2 16.4 5.8 5.8 48.50 -42.9 26.50 4.5 -30.8
GAMING
Casino
GENTING 8.95 11.58 29.4% Buy 34,292 1.44 55.1 61.8 16.2 14.5 1.8 1.8 9.92 -9.8 8.63 3.7 -2.0
GENM 5.24 6.68 27.5% Buy 29,616 1.44 27.6 32.0 19.0 16.4 2.3 2.5 6.28 -16.6 4.80 9.3 -5.5
NFO
BJTOTO 2.10 3.22 53.3% Buy 2,829 0.57 19.9 26.0 10.6 8.1 7.6 8.6 2.95 -28.8 2.06 1.9 -6.3
HEALTHCARE
Hospitals/ Pharmaceutical
CCMDBIO 2.89 3.40 17.6% Buy 806 0.91 16.2 17.4 17.8 16.7 3.7 3.9 3.05 -5.2 1.97 46.7 14.2
IHH 6.09 6.40 5.1% Sell 50,179 0.74 11.9 15.0 51.3 40.7 0.5 0.6 6.33 -3.8 5.42 12.4 3.9
KPJ 0.92 1.13 22.8% Buy 3,877 0.57 3.9 4.4 23.5 21.1 2.4 2.6 1.14 -19.3 0.87 5.7 -5.2
Rubber Gloves
HARTA 11.80 7.80 -33.9% Sell 19,541 1.14 25.2 28.8 46.9 40.9 1.3 1.5 12.18 -3.1 4.77 147.4 10.5
KOSSAN 7.80 9.73 24.7% Buy 4,988 0.58 37.4 42.1 20.8 18.5 2.4 2.7 8.79 -11.3 5.62 38.8 -3.8
SUPERMX 2.76 2.70 -2.2% Buy 1,810 0.62 20.0 22.6 13.8 12.2 1.9 2.2 2.92 -5.5 1.69 63.3 38.0
TOPGLOV 9.80 12.20 24.5% Buy 12,309 0.69 35.3 42.7 27.8 22.9 1.5 1.8 10.24 -4.3 4.56 114.9 22.7
KAREX 0.85 0.93 9.4% Sell 852 0.86 1.8 3.0 48.0 28.1 0.5 0.9 2.26 -62.4 0.79 8.3 -34.6
INDUSTRIAL
SCIENTX 8.05 10.01 24.3% Buy 3,936 0.87 67.5 79.4 11.9 10.1 2.6 3.2 9.85 -18.3 7.23 11.3 -7.0
SKPRES 1.70 2.20 29.4% Buy 2,125 0.92 10.4 14.8 16.4 11.5 3.0 4.3 2.35 -27.7 1.24 37.1 -25.4
MEDIA
ASTRO 2.34 3.10 32.5% Buy 12,200 0.86 14.0 13.7 16.8 17.1 5.6 5.8 2.94 -20.4 2.30 1.7 -11.7
MEDIA PRIMA 0.46 0.45 -2.2% Sell 510 1.32 -3.8 -1.7 na na 0.0 0.0 1.28 -64.1 0.42 10.8 -39.5
STAR 1.27 1.20 -5.5% Sell 937 1.06 6.2 5.9 20.5 21.4 7.1 7.1 2.22 -42.7 1.26 0.8 -23.0
For Internal Circulation Only
PLANTATIONS
FGV 1.83 1.98 8.2% Sell 6,676 1.65 3.5 4.4 53.0 42.0 2.7 2.7 2.18 -16.1 1.51 21.2 8.3
IJMPLNT 2.23 2.25 0.9% Sell 1,964 0.18 6.7 10.8 33.1 20.6 3.6 4.0 3.23 -31.0 2.21 0.9 -18.6
IOICORP 4.58 5.08 10.9% Buy 28,780 0.88 20.9 21.6 21.9 21.2 6.4 3.8 4.76 -3.8 4.21 8.9 3.4
KFIMA 1.49 1.89 26.8% Buy 420 0.68 14.1 14.7 10.5 10.1 6.0 6.0 1.96 -24.0 1.45 2.8 -5.1
KLK 25.32 27.07 6.9% Hold 26,965 0.64 120.7 125.7 21.0 20.1 2.4 2.4 25.78 -1.8 23.66 7.0 1.3
SIMEPLT 5.48 6.25 14.1% Buy 37,269 na 21.0 22.1 26.0 24.8 2.6 2.7 6.00 -8.7 4.58 19.7 -8.7
TSH 1.55 1.97 27.1% Buy 2,140 0.49 9.3 9.6 16.7 16.1 1.5 1.6 1.90 -18.4 1.53 1.3 -6.1
UMCCA 6.23 6.73 8.0% Sell 1,306 0.39 22.7 34.8 27.4 17.9 2.7 2.9 7.08 -12.0 5.81 7.2 -4.3
PROPERTY
GLOMAC 0.48 0.40 -16.7% Sell 381 0.76 1.5 2.5 31.8 19.4 4.2 4.2 0.67 -28.6 0.46 4.3 -13.4
HUAYANG 0.54 0.58 8.4% Sell 188 0.86 0.7 3.4 80.7 15.7 0.9 0.9 1.16 -53.9 0.53 0.9 -12.3
IBRACO 0.74 0.80 8.8% Buy 365 na 7.2 10.7 10.2 6.9 4.1 5.4 0.98 -24.6 0.50 47.0 -9.8
IOIPG 1.72 2.00 16.3% Sell 9,471 0.85 16.3 15.7 10.5 11.0 3.5 3.5 2.22 -22.5 1.71 0.6 -7.0
MAHSING 1.05 1.59 51.4% Buy 2,549 0.93 11.8 11.3 8.9 9.3 6.2 6.2 1.64 -36.0 1.05 0.0 -27.6
SIMEPROP 1.45 1.51 4.1% Hold 9,861 na 7.5 7.5 19.3 19.4 2.8 2.1 1.78 -18.5 1.04 39.4 -18.5
SNTORIA 0.65 0.76 17.8% Buy 362 0.13 8.3 8.6 7.8 7.5 1.6 1.6 0.91 -29.1 0.56 15.2 -7.2
SPB 4.51 5.10 13.1% Hold 1,550 0.60 18.7 24.0 24.1 18.8 2.7 2.7 5.50 -18.0 4.39 2.7 -8.0
SPSETIA 3.27 3.73 14.1% Buy 12,273 0.94 19.8 19.4 16.5 16.9 3.7 3.7 4.38 -25.4 3.07 6.5 -18.3
SUNWAY 1.57 1.75 11.5% Hold 7,672 0.90 11.8 12.4 13.3 12.6 3.8 3.8 1.96 -19.8 1.34 17.5 -3.7
REIT
SUNREIT 1.67 1.87 12.0% Hold 4,918 0.87 10.0 10.7 16.7 15.6 6.0 6.4 1.90 -12.1 1.63 2.5 -12.1
CMMT 1.00 1.48 48.0% Buy 2,038 0.77 7.8 8.3 12.7 12.1 8.1 8.6 1.83 -45.4 0.98 2.0 -45.4
TELECOMMUNICATIONS
AXIATA 5.32 6.50 22.2% Buy 48,140 1.56 15.9 19.4 33.4 27.4 1.5 2.9 5.82 -8.6 4.54 17.2 -3.1
DIGI 4.54 5.15 13.4% Hold 35,299 0.98 19.7 20.4 23.1 22.3 4.3 4.5 5.19 -12.5 4.36 4.1 -11.0
MAXIS 5.77 6.05 4.9% Sell 45,067 1.10 25.2 25.0 22.9 23.0 3.5 3.5 6.60 -12.6 5.48 5.3 -4.0
TM 5.60 7.20 28.6% Buy 21,044 0.69 22.8 24.9 24.5 22.5 3.7 4.0 6.69 -16.3 5.49 2.0 -11.1
TECHNOLOGY
Semiconductor & Electronics
ELSOFT 2.56 3.30 28.9% Buy 705 0.89 13.1 15.0 19.5 17.1 3.6 4.1 2.95 -13.2 1.70 50.6 -5.2
IRIS 0.18 0.22 22.2% Buy 445 2.49 0.0 0.3 654.3 56.9 0.0 0.0 0.25 -26.5 0.14 33.3 -2.7
INARI 3.18 3.65 14.8% Buy 6,574 0.75 13.7 15.3 23.1 20.8 3.1 3.5 3.82 -16.8 1.89 68.6 -6.5
Note: INARI proposed bonus issue shares on the basis of 1 for 2. For more detail please refer to 30.01.18 report.
MPI 9.55 10.70 12.0% Buy 1,899 0.89 73.9 86.9 12.9 11.0 3.4 3.4 14.52 -34.2 8.42 13.4 -24.3
UNISEM 2.58 2.70 4.7% Sell 1,893 1.14 19.0 20.3 13.6 12.7 4.7 4.7 4.25 -39.3 2.49 3.6 -29.3
TRANSPORTATION
Airlines
AIRASIA 4.15 4.93 18.8% Hold 13,869 1.13 49.3 49.3 8.4 8.4 1.9 1.9 4.75 -12.6 2.77 49.8 23.9
AIRPORT 8.85 8.61 -2.7% Sell 14,684 1.13 18.0 18.8 49.3 47.1 1.5 1.1 9.45 -6.3 6.88 28.6 0.7
Freight & Tankers
PTRANS 0.27 0.46 70.4% Buy 342 na 2.3 3.8 11.6 7.2 2.6 4.1 0.38 -29.3 0.19 41.4 -3.6
TNLOGIS 1.08 1.45 34.3% Buy 493 1.02 10.3 10.5 10.5 10.3 4.6 4.6 1.83 -41.1 1.08 0.0 -19.4
WPRTS 3.52 4.06 15.3% Buy 12,003 0.46 15.6 20.0 22.6 17.6 1.1 1.4 4.19 -16.0 3.12 12.8 -4.9
PLANTATIONS
WILMAR 3.22 3.31 2.8% Hold 20,603 0.82 27.4 29.3 11.7 11.0 3.1 3.4 3.9 -16.8 2.97 8.4 4.2
IFAR 0.33 0.36 10.8% Hold 466 1.05 3.8 4.1 8.6 7.9 1.6 1.7 0.5 -40.4 0.32 1.6 -16.7
BUY : Total return within the next 12 months exceeds required rate of return by 5%-point.
HOLD : Total return within the next 12 months exceeds required rate of return by between 0-5%-point.
SELL : Total return is lower than the required rate of return.
Total Return is defined as expected share price appreciation plus gross dividend over the next 12 months. Gross dividend is excluded from total return if dividend discount model valuation is used to avoid double counting.
Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium.
Technical View
Monday, March 19, 2018
Bursa Malaysia shares began last week on a positive note after the unexpectedly robust US
jobs addition but tame wage growth in February helped reduce investor concerns over
accelerating inflation. However, profit-taking and selling increased after regional steel
producers fell on fears of being hit by steep US steel import tariffs. Moreover, the sacking of
moderate US Secretary of State Rex Tillerson by President Donald Trump worsened fears
over potentially tough trade tariffs on China’s imports. Consumer heavyweights such as
Nestle, Dutch Lady, F&N and Ajinomoto led heavy losses due to keen profit-taking on
recent sharp rallies.
For the week, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) edged
2.47 points, or 0.13 percent higher to 1,846.39, as gains on Petronas Gas (+79sen), HLFG
(+52sen) and Petronas Dagangan (+48sen) offset losses in Nestle (-RM14.00) and KLCC
Stapled Group (-21sen). Average daily traded volume and value stabilized at 2.56 billion
shares and RM2.65 billion last week, compared to the 2.59 billion shares and RM2.51 billion
average respectively the previous week.
Bursa Malaysia shares bounced back strongly on Monday, copying regional gains after the
unexpectedly robust US jobs addition but tame wage growth in February reduced investor
concerns on accelerating inflation. The KLCI surged 17.3 points to close near session high at
1,861.22, off an early low of 1,850.62, as gainers led losers 558 to 360 on total turnover of
2.46bn shares worth RM2.4bn. The local market closed mixed the next day, with profit-
taking and selling capping gains and regional markets were mixed as steel producers fell on
fears of being hit by the US steel import tariffs. The KLCI ended up 2.81 points at 1,864.03,
off an earlier low of 1,853.97 and high of 1,864.31, as losers edged gainers 511 to 402 on
moderate turnover of 2.29bn shares worth RM2.08bn.
Stocks retreated on Wednesday, with sharp falls led by key consumer heavyweights Nestle
and Dutch Lady, as the sacking of moderate US Secretary of State Rex Tillerson by
President Donald Trump ignited fears of tough trade tariffs on China. The KLCI lost 6.97
points to close at 1,857.06, off an early high of 1,863.67 and low of 1,855.14, as losers
trashed gainers 635 to 332 on modest turnover of 2.32bn shares worth RM2.06bn. The
local market retreated further the following day, with consumer heavyweights Nestle, Dutch
Lady, F&N and Ajinomoto leading losses on heavy profit-taking from recent sharp rallies.
The KLCI fell another 11.79 points to settle at the day’s low of 1,845.27, off the opening
high of 1,854.12, as losers edged gainers 514 to 411 on higher turnover of 2.87bn shares
worth RM2.47bn.
While profit-taking continued to dominate trading on Friday, with concerns the US looking
to enforce tariffs on at least USD30bn worth of Chinese imports may worsen global trade
barriers, stocks still managed mild rebound on light bargain hunting ahead of the weekend.
The index rose 1.12 points to close the week at 1,846.39, off an early low of 1,838.40 and
high of 1,851.75, but losers beat gainers 504 to 382 on total turnover of 2.87bn shares
worth RM4.25bn.
Page 1 of 3
19-Mar-18
Trading range for the blue-chip benchmark index expanded to 25.91 points, compared to
the 19.09-point range the previous week, after the index rose to a two-week high before
slipping back down on profit-taking pressure. For the week, the FBM-EMAS Index recouped
64.7 points or 0.5 percent to 13,033.64, but the FBM-Small Cap Index edged lower by 50.49
points, or 0.32 percent to 15,796.08, as profit-taking and selling pressure from retailers
continue to dampen the small cap sector.
The daily slow stochastic momentum indicator for the FBM KLCI hooked down for a
moderate sell signal in the neutral zone (Chart 1), but the weekly indicator’s sell signal has
advanced in overbought territory. The 14-day Relative Strength Index (RSI) leveled to a
neutral reading of 49.79 as of last Friday, while the 14-week RSI stabilized at a reading of
61.97.
Chart 1
As for trend indicators, the daily Moving Average Convergence Divergence (MACD)
indicator’s signal line resumed lower to suggest weak upside momentum, while the weekly
MACD indicator is losing upward momentum (Chart 2). Meantime, the +DI and –DI lines on
the 14-day Directional Movement Index (DMI) have crossed back for sell on a deteriorating
ADX line, signaling absence of a well-defined trend.
Chart 2
Page 2 of 3
19-Mar-18
Conclusion
While overbought momentum has fully neutralized following last week’s steep profit-taking
correction on heavyweight consumers stocks, the broader market remained fragile given the
weak buying momentum and market breadth, indicating selling and profit-taking should still
restrict near-term upside. Moreover, caution over potential for escalation of global trade
conflicts after the US proposal to enforce more tariffs on a wider array of Chinese imports
should also cap upside potential.
Immediate support for the index will be from the 50-day moving average level now at 1,841,
followed by the lower Bollinger band at 1,836, with stronger supports at 1,820, then 1,800.
On the upside, immediate resistance will be last Tuesday’s high of 1,864, followed by the 27
Feb high of 1,872, with tough hurdle expected from the 2 Feb peak of 1,880.
Stock-wise, blue-chip utility and gaming stocks Axiata, TM, Genting Berhad and Genting
Malaysia should attract bargain hunters on dips looking for rebound upside, while aviation
counters AirAsia and AirAsia X should also attract buyers after suffering steep corrections
recently. Meanwhile, retailers are expected to bargain oil & gas related counters Sapura
Energy and UMW Oil & Gas due to their extreme oversold conditions which is showing
bottoming out chart patterns.
Chart 3
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report:
(a) nil
Page 3 of 3
RESULTS UPDATE
Monday, March 19, 2018
FBMKLCI: 1,846.39
Sector: Gaming
Valuation
We downgrade our DDM valuation to RM3.22/share (from RM3.34/share
previously) for BJToto, after revising the CAPM rate higher to 11.1%
(from 10.20% previously) to reflect the change in beta and risk free rate.
Maintain Buy on BJtoto given its defensive earnings quality and decent
dividend yield of 7.6%.
Source: Bloomberg
Page 1 of 2
19-Mar-18
Table 2: Earnings Summary (RMmn)
FYE 30 April (RMmn) 2016 2017 2018F 2019F 2020F
R evenue 5,563.2 5,731.4 5,754.8 5,777.4 5,843.5
E B ITDA 496.4 429.8 488.9 571.2 582.5
E B ITDA ma rg in (% ) 8.9 7.5 8.5 9.9 10.0
P reta x profit 446.3 376.1 423.6 512.6 527.8
Net profit 306.2 237.1 268.7 351.6 362.0
Core net profit 318.6 247.4 268.7 351.6 362.0
EPS (s en) 22.7 17.6 19.9 26.0 26.8
Core E P S (s en) 23.7 19.4 19.9 26.0 26.8
Core E P S g rowth (% ) (14.3) (18.1) 2.5 30.9 3.0
PER (x) 8.9 10.8 10.6 8.1 7.8
Net DP S (s en) 19.0 14.0 16.0 18.0 18.0
Net div yield (% ) 9.0 6.7 7.6 8.6 8.6
Core R OE (% ) 44.0 30.5 33.4 39.7 0.0
EPS (s en) 3.4 4.6 4.7 1.7 38.5 14.2 14.8 4.8
Net DP S (s en) 3.0 4.0 4.0 0.0 33.3 11.0 12.0 9.1
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the analyst, Tan Kam Meng, who prepared this report, has interest in the following securities covered in this report:
(a) nil
Page 2 of 2
COMPANY UPDATE
Monday, March 19, 2018
FBMKLCI: 1,846.39
Sector: Healthcare
We see no reasons not to upgrade our stock recommendation given a more Share Information
favourable risk-return profile now. In terms of earnings outlook, Bloomberg Code TOPG MK
management still sees robust demand for gloves in 2HFY18 and beyond. As Stock Code 7113
Listing Main Ma rket
such, expansion plans are necessary to ease production constraint. As far
Share Ca p (mn) 1256.0
as risk is concerned, we understand that the fear of Trump’s tariff policy or Market Cap (RMmn) 12,308.9
possible trade war is much overplayed in the glove industry. Cost wise, the 52-wk Hi/Lo (RM) 10.24/4.56
natural rubber price is expected to be range-bound this year at around 12-mth Avg Da ily Vol ('000 shrs) 2,910.8
RM4.80-RM5.20/kg, 12% lower than last year. Upgrade Top Glove to Buy Estimated Free Float (%) 48.6
with a higher TP of RM12.20/share (previously RM9.30/share) based on Beta 0.7
Major Shareholders (%)
28.0x CY19 EPS.
Tan Sri Dato Sri Lim Wee Chai - 29.4
EPF - 6.2
1HFY18 results: As Strong As Expected Fi rstway United Corp - 5.1
To recap, Top Glove’s quarterly core profit surged 31.3% YoY to RM105.4mn,
boosting the 1HFY18 core profit to RM209.2mn (+39.1% YoY). This was mainly Forecast Revision
driven by volume growth, higher ASP and lower latex cost. Management alluded FY18 FY19
that the China pollution crackdown would only have a minimal positive impact on Forecast Revision (%) 0.5 0.8
Net profit (RMmn) 443.4 536.5
Top Glove’s exports. The latex gloves demand was higher by 20% (see Table 2),
Consensus 442.9 534.6
mainly due to robust demand from emerging markets such as Vietnam, China and TA's / Consensus (%) 100.1 100.3
India. Meanwhile, the natural latex rubber price was lower by 26% YoY in 2QFY18. Previous Ra ting Sell (Buy)
It is expected to be range-bound at RM4.80-5.20/kg this year, 12% lower than last
year, amid subdued demand and oversupply of natural rubber in the market. This Financial Indicators
will offset the increase in Nitrile latex price, which increased by 5% QoQ to FY18 FY19
Net gearing (x) 0.5 0.4
USD1.06/kg in 2QFY18.
ROAA (%) 11.8 11.3
ROAE (%) 20.2 21.4
Table 1: QoQ Movements NTA/Share (RM) 1.9 2.1
Price/ NTA (x) 5.3 4.7
QoQ Mov e me nts 1QFY17 2QFY17 3QFY17 4QFY17 1QFY18 2QFY18
S a le s Volume 5% -1% -5% 14% 8% 3% Share Performance (%)
AS P in US D 1% 3% 9% -7% -2% 4% Price Change TOPG MK FBM KLCI
F ore x (US D/MYR ) 4% 6% -2% -3% -2% -5% 1 mth 2.8 0.4
Na tura l La te x (MYR /kg ) 2% 33% 19% -21% -10% -12%
3 mth 41.6 5.3
Nitrile La te x (US D/kg ) 2% 10% 24% -27% 3% 5%
6 mth 77.2 3.3
Source: Company, TA Securities
12 mth 88.5 6.3
In terms of earnings sustainability, the upsurge in earnings has been sustained for
(12-Mth)Share Pricerelative to the FBMKLCI
the past 8 quarters (see Figure 1), underpinned by the group’s timely expansion
plans to cater for the increase in demand, especially nitrile glove. More importantly,
the strong profit growth in the past was not compromised by lower margins,
indicating that Top Glove still has an upper hand in determining selling prices.
Source: Bloomberg
Page 1 of 5
19-Mar-18
Looking forward, Top Glove is scouting for land in Vietnam for more capacity
expansion. It aims to develop a 20-acres land, featuring 10 production lines during
the initial stage. Estimated capex for this expansion is RM100mn. It plans to
manufacture vinyl and potentially latex gloves in this factory. This will complement
its China vinyl glove operations.
Setting up manufacturing facilities in Vietnam would allow Top Glove to diversify its
production risk further and enjoy the tax incentives to foreign investments. Also,
the company can gain access to cheap labour in the country to counterbalance the
rising cost of production in China after the pollution crackdown. Note that Top
Glove is in the process of converting its manufacturing facilities in China to natural
gas from coal fire. To-date, 8 lines (out of a total of 24 production lines) have been
converted.
Page 2 of 5
19-Mar-18
In addition to all capacity plans above, management also seeks inorganic growth
through M&As. Top Glove plans to acquire 2 companies in FY18 and 4
companies in FY19. This is part of the company’s growth strategy to increase its
market share to 30% from 25% currently.
Management indicated that it will launch its own “Top Feel’’ condom brand by
the end of this year. It is adopting a trade mix of 80% OEM and 20% OBM, which is
believed to be viable as its gloves division. We are positive on this venture to
diversify the company’s product range. We also believe that Top Glove will be
able to breakeven once it reaches 1.0bn pieces of condom. Management
highlighted that some condom companies could break-even at around 0.5bn pieces
capacity. To achieve the critical mass volume, Top Glove may acquire one condom
company this year (probably a brand distributor) in order to solidify its market
share in the condom market.
Forecast
We increase our FY18 capex assumptions by RM120mn to factor in the expansion
plan in Vietnam and other M&A activities. FY17-19 earnings are raised by 0.3%-0.8%
after revising the ASP assumptions slightly higher.
Page 3 of 5
19-Mar-18
Earnings Summary
Page 4 of 5
19-Mar-18
(TH I S P A GE IS IN TE N TI ON AL L Y L E F T B L AN K )
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the analyst, Tan Kam Meng, who prepared this report, has interest in the following securities covered in this report:
(a) nil
Page 5 of 5
Monday, 19 March, 2018
L oc al Te ch n ic al R ep o r ts
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048
www.ta.com.my
Technical View
Monday, March 19, 2018
AXIATA RM5.32
GENTING RM8.95
Page 1 of 8
19-Mar-18
GENM RM5.24
TM RM5.60
Page 2 of 8
19-Mar-18
AIRASIA RM4.15
AAX RM0.41
Page 3 of 8
19-Mar-18
UMWOG RM0.31
Page 4 of 8
19-Mar-18
Close Bollinger Bands RSI Moving Averages DMI MACD DMI MACD DMI MACD
Change High Low
Name 16/Mar Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent Signal Signal Change
FBMKLCI 1846.39 1.12 1,851.75 1,838.40 1,835.12 1,853.55 1,871.98 49.26 1,849.61 1,848.99 1,839.95 25.25 28.67 16.13 (3.42) 4.35 5.88 (1.523) SELL SELL SELL -
AFFIN 2.47 0.02 2.51 2.45 2.20 2.39 2.57 65.38 2.47 2.37 2.39 31.25 16.64 28.85 14.61 0.04 0.02 0.018 BUY BUY - -
ABMB 4.32 0.18 4.33 4.13 3.99 4.15 4.30 48.36 4.16 4.16 4.17 23.41 18.30 22.01 5.11 0.02 0.01 0.014 BUY BUY - -
AMBANK 4.12 0.05 4.15 4.05 3.75 4.27 4.78 38.66 4.05 4.35 4.48 19.97 30.89 27.98 -10.92 -0.13 -0.12 (0.004) SELL SELL - -
AXIATA 5.32 0.12 5.41 5.22 5.22 5.48 5.74 29.10 5.39 5.50 5.53 15.07 36.72 28.59 -21.66 -0.05 -0.04 (0.018) SELL SELL - -
CIMB 7.22 0.00 7.24 7.17 7.05 7.19 7.32 57.58 7.21 7.13 7.00 25.66 20.87 25.53 4.79 0.07 0.08 (0.011) BUY SELL - -
DIGI 4.54 -0.11 4.70 4.54 4.64 4.81 4.97 30.62 4.73 4.82 4.84 12.03 30.47 23.62 -18.44 -0.04 -0.03 (0.014) SELL SELL - -
GAMUDA 5.04 0.04 5.12 4.99 4.92 5.02 5.11 49.04 5.02 5.00 5.03 19.66 16.12 13.23 3.54 0.00 0.00 (0.001) BUY SELL - -
GENTING 8.95 0.05 9.05 8.83 8.71 8.94 9.16 47.17 8.89 8.97 9.16 12.69 17.76 23.39 -5.07 -0.05 -0.07 0.022 SELL BUY - -
GENM 5.24 -0.11 5.37 5.23 4.98 5.21 5.44 56.31 5.16 5.24 5.34 28.48 20.07 13.79 8.41 -0.02 -0.05 0.028 BUY BUY - -
IHH 6.09 0.03 6.10 6.03 5.95 6.06 6.17 52.75 6.06 6.03 5.99 20.09 13.99 18.14 6.10 0.02 0.03 (0.002) BUY SELL - -
IOICORP 4.58 -0.22 4.70 4.57 4.69 4.79 4.88 55.09 4.82 4.75 4.71 18.97 27.34 15.74 -8.37 0.04 0.04 0.001 SELL BUY SELL -
MALAKOFF 0.87 0.01 0.88 0.86 0.85 0.90 0.95 38.67 0.89 0.91 0.93 11.65 23.31 24.90 -11.66 -0.08 -0.06 (0.016) SELL SELL - -
MAXIS 5.77 0.13 5.77 5.59 5.67 5.93 6.19 33.64 5.84 5.96 5.99 14.92 31.67 23.17 -16.75 -0.06 -0.04 (0.021) SELL SELL - -
MAYBANK 10.32 -0.04 10.36 10.18 10.10 10.36 10.62 57.52 10.44 10.26 10.11 21.32 18.21 31.45 3.11 0.10 0.12 (0.021) BUY SELL - -
MBSB 1.17 -0.02 1.19 1.17 1.14 1.20 1.26 50.70 1.18 1.19 1.19 20.80 19.04 14.58 1.76 0.00 0.00 (0.004) BUY SELL BUY -
RHBBANK 5.37 0.12 5.38 5.22 5.20 5.34 5.48 45.94 5.33 5.31 5.28 17.80 18.67 13.13 -0.87 0.01 0.03 (0.012) SELL SELL SELL -
SIME 2.70 0.08 2.70 2.61 2.56 2.68 2.81 42.20 2.63 2.73 2.73 15.62 27.87 25.56 -12.25 -0.03 -0.02 (0.009) SELL SELL - -
TENAGA 15.68 0.02 15.70 15.62 15.55 15.66 15.77 50.19 15.63 15.69 15.70 13.15 16.55 15.52 -3.40 -0.02 -0.01 (0.005) SELL SELL - -
TM 5.60 0.01 5.78 5.52 5.46 5.83 6.21 35.90 5.67 5.91 5.97 15.73 31.70 22.71 -15.97 -0.11 -0.09 (0.020) SELL SELL - -
WPRTS 3.52 -0.12 3.62 3.52 3.48 3.62 3.76 53.67 3.57 3.58 3.57 12.57 20.69 12.93 -8.13 0.00 0.00 (0.005) SELL SELL - -
AIRASIA 4.15 0.05 4.15 4.07 3.89 4.25 4.61 47.74 4.11 4.22 4.07 20.82 28.03 23.62 -7.21 -0.01 0.03 (0.042) SELL SELL - -
AIRASIA X 0.41 -0.01 0.42 0.41 0.38 0.41 0.44 54.85 0.40 0.40 0.40 24.51 16.56 22.32 7.95 0.00 0.00 (0.002) BUY SELL - -
ARMADA 0.82 -0.02 0.85 0.82 0.82 0.85 0.88 49.66 0.84 0.84 0.84 15.22 25.35 18.79 -8.54 0.00 0.00 (0.003) SELL SELL - -
BINAPURI 0.33 -0.01 0.33 0.32 0.32 0.33 0.35 52.05 0.33 0.33 0.34 11.62 20.16 20.95 -3.85 0.00 0.00 0.001 SELL BUY - -
CMSB 4.10 -0.08 4.21 4.10 4.08 4.25 4.42 48.69 4.18 4.23 4.16 18.05 21.90 16.21 -0.27 0.00 0.02 (0.018) SELL SELL - -
DIALOG 2.78 0.05 2.80 2.71 2.59 2.68 2.77 56.49 2.66 2.66 2.65 19.96 20.23 16.21 -0.27 0.01 0.01 0.004 SELL BUY - -
ECO WORLD 1.12 0.02 1.17 1.10 1.04 1.25 1.46 19.59 1.17 1.29 1.35 5.23 39.60 64.80 -34.37 -0.08 -0.06 (0.016) SELL SELL - -
EKOVEST 1.00 0.03 1.02 0.98 0.94 0.99 1.04 46.89 0.97 0.99 1.02 20.16 20.93 12.78 -0.77 -0.01 -0.01 (0.001) SELL SELL - -
GADANG 0.94 0.00 0.94 0.93 0.94 1.03 1.11 20.66 0.99 1.05 1.08 7.69 39.19 37.18 -31.50 -0.04 -0.03 (0.008) SELL SELL - -
HSL 1.61 0.01 1.62 1.59 1.57 1.61 1.66 50.69 1.61 1.61 1.56 24.28 30.28 15.14 -5.99 0.01 0.02 (0.006) SELL SELL - -
ISKANDAR 1.43 0.00 1.44 1.40 1.28 1.35 1.41 68.96 1.35 1.35 1.37 31.82 12.48 28.82 19.34 0.01 0.00 0.012 BUY BUY - -
KIMLUN 2.10 0.00 2.11 2.10 2.08 2.13 2.18 24.20 2.12 2.16 2.20 20.62 49.86 26.11 -29.24 -0.03 -0.03 (0.000) SELL SELL - -
KKBE 0.95 0.01 0.95 0.93 0.93 0.95 0.97 43.85 0.94 0.94 0.96 27.23 22.11 23.81 5.12 0.00 0.00 (0.001) BUY SELL - -
MUDAJAYA 0.74 0.00 0.77 0.74 0.74 0.84 0.94 24.25 0.80 0.85 0.88 16.75 47.41 23.71 -30.66 -0.04 -0.03 (0.010) SELL SELL - -
MRCB 1.00 -0.01 1.04 1.00 0.97 1.08 1.18 35.49 1.03 1.09 1.14 12.70 25.97 24.38 -13.28 -0.03 -0.03 (0.004) SELL SELL - -
NAIM 1.01 0.02 1.07 0.98 0.96 1.01 1.07 43.36 0.99 1.01 1.07 24.52 23.67 11.76 0.84 -0.02 -0.02 (0.001) BUY SELL BUY -
SAPURA ENERGY 0.48 -0.01 0.54 0.47 0.39 0.60 0.80 32.96 0.51 0.63 0.71 12.51 38.25 42.53 -25.74 -0.08 -0.07 (0.012) SELL SELL - -
SUNCON 2.11 -0.03 2.14 2.10 2.05 2.30 2.55 32.21 2.19 2.37 2.44 13.69 31.81 33.46 -18.12 -0.09 -0.07 (0.012) SELL SELL - -
UEMS 1.00 0.00 1.03 0.99 0.94 1.06 1.19 36.34 1.01 1.08 1.11 11.46 28.10 31.23 -16.64 -0.04 -0.03 (0.007) SELL SELL - -
UMWOG 0.31 -0.01 0.33 0.31 0.29 0.32 0.34 51.53 0.31 0.32 0.34 26.52 19.33 16.39 7.20 -0.01 -0.01 0.001 BUY BUY BUY BUY
WASEONG 1.62 -0.01 1.64 1.60 1.41 1.57 1.74 59.88 1.56 1.52 1.45 25.64 22.22 22.04 3.42 0.04 0.05 (0.010) BUY SELL BUY -
WCT 1.37 0.03 1.39 1.33 1.30 1.51 1.72 32.37 1.43 1.52 1.59 13.24 33.82 22.81 -20.58 -0.07 -0.05 (0.021) SELL SELL - -
The table above is a compilation of actively traded stocks with some popular technical indicators. The technical BUY/SELL signals on the last four columns are auto
generated; the first two being existing or recent signals while the last two represent a signal change from BUY to SELL or the reverse, otherwise no change is indicated by a
dash. Stock names and technical statistics in bold highlight stocks that have changes in BUY/SELL signals on the DMI and MACD on the given date.
14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-
day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply
further near-term downside risk.
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share
price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it
breaches below this level.
Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a
negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+
crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the
trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend.
Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day
EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the
MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero.
Page 5 of 8
19-Mar-18
* The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision
** Upside Targets are derived from the subsequent Fibonacci Projection levels
The above table is a performance summary of our top BUY recommendations from DECEMBER 2017 to current (sorted by name) together with upside targets, which are taken
from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date.
Interpretation:
Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value
indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold.
Page 6 of 8
19-Mar-18
Total Money Flow (RM'mn) Total (A) (B) CLOSING PRICE (A+B)
No Name
9-Mar 12-Mar 13-Mar 14-Mar 15-Mar 5D MF Prv. Chg Cur. Chg 9-Mar 12-Mar 13-Mar 14-Mar 15-Mar Chg DMF
FBMKLCI (16.9) (5.5) (2.0) (36.8) 2.5 (58.6) (34.7) 39.3 1,844 1,861 1,864 1,857 1,845 (11.79) IN
1 AFFIN 0.1 0.1 0.1 0.0 (0.0) 0.2 (0.1) (0.0) 2.40 2.43 2.50 2.44 2.45 0.01 OUT
2 ABMB (0.0) 0.2 0.1 (0.1) (0.3) (0.2) (0.2) (0.2) 4.15 4.30 4.30 4.30 4.14 (0.16) OUT
3 AMBANK 0.1 0.2 (0.7) (0.2) 0.6 0.0 0.5 0.8 4.03 4.07 4.19 4.08 4.07 (0.01) IN
4 AXIATA 1.2 0.3 0.3 (0.0) 0.2 1.8 (0.3) 0.2 5.43 5.45 5.45 5.40 5.20 (0.20) OUT
5 CIMB (8.2) (4.3) (3.7) (0.3) (5.0) (21.6) 3.4 (4.7) 7.15 7.27 7.25 7.24 7.22 (0.02) OUT
6 DIGI 0.3 0.3 (0.2) 0.3 (0.2) 0.4 0.5 (0.6) 4.75 4.75 4.75 4.71 4.65 (0.06) OUT
7 GAMUDA 0.4 1.0 0.9 (0.5) (0.0) 1.8 (1.4) 0.5 4.95 5.05 5.00 5.00 5.00 0.00 OUT
8 GENTING (9.2) (1.2) 1.7 (0.5) 0.7 (8.5) (2.2) 1.1 8.92 8.99 8.92 9.05 8.90 (0.15) OUT
9 GENM (4.0) 0.2 0.1 (1.0) (0.8) (5.6) (1.1) 0.1 5.09 5.30 5.23 5.27 5.35 0.08 OUT
10 IHH (2.1) 0.0 6.6 1.1 0.6 6.2 (5.6) (0.5) 6.04 6.09 6.09 6.08 6.06 (0.02) OUT
11 IOICORP (5.2) 0.5 0.2 2.1 (1.3) (3.7) 2.0 (3.4) 4.84 4.85 4.87 4.86 4.68 (0.18) OUT
12 MALAKOFF 0.6 0.2 0.8 0.6 0.2 2.5 (0.2) (0.4) 0.87 0.90 0.88 0.87 0.87 (0.01) OUT
13 MAXIS 0.1 0.1 (0.7) (0.3) (0.1) (0.9) 0.4 0.2 5.92 5.98 5.89 5.75 5.64 (0.11) IN
14 MAYBANK (1.1) (7.8) 0.8 (4.4) (5.9) (18.5) (5.2) (1.5) 10.44 10.44 10.44 10.44 10.36 (0.08) OUT
15 MBSB 0.1 (0.4) (0.3) 0.1 (0.2) (0.6) 0.4 (0.3) 1.17 1.19 1.17 1.17 1.19 0.02 IN
16 RHBBANK (0.1) 0.0 (0.1) (0.1) (0.4) (0.7) 0.0 (0.3) 5.27 5.31 5.35 5.39 5.25 (0.14) OUT
17 SIME (0.5) 1.1 (0.2) (1.8) 0.8 (0.6) (1.5) 2.6 2.59 2.64 2.65 2.65 2.62 (0.03) IN
18 TENAGA 6.4 6.1 (1.4) (25.3) 6.6 (7.7) (23.9) 31.9 15.54 15.62 15.62 15.64 15.66 0.02 IN
19 TM (1.1) 0.4 (0.6) (0.8) 0.3 (1.8) (0.2) 1.1 5.66 5.73 5.71 5.57 5.59 0.02 IN
20 WPRTS 0.0 0.8 0.3 (0.1) 0.0 1.0 (0.4) 0.2 3.58 3.56 3.61 3.53 3.64 0.11 OUT
21 AIRASIA (1.8) (0.5) (0.9) (1.6) (0.7) (5.5) (0.6) 0.9 4.00 4.08 4.00 4.16 4.10 (0.06) IN
22 AIRASIA X 0.0 (0.5) (0.4) 0.5 (0.8) (1.1) 0.9 (1.3) 0.39 0.40 0.39 0.42 0.42 (0.01) OUT
23 ARMADA (0.1) (0.2) 0.0 (0.0) 0.1 (0.2) (0.0) 0.1 0.84 0.85 0.84 0.83 0.84 0.01 IN
24 BINAPURI (0.0) 0.0 (0.0) 0.0 (0.0) (0.0) 0.0 (0.0) 0.32 0.34 0.34 0.34 0.34 0.00 IN
25 CMSB 0.0 0.0 (0.0) 0.0 (0.1) 0.0 0.0 (0.1) 4.08 4.25 4.17 4.17 4.18 0.01 OUT
26 DIALOG (1.3) 1.4 (4.6) 0.1 (0.2) (4.6) 4.7 (0.3) 2.63 2.64 2.66 2.77 2.73 (0.04) IN
27 ECO WORLD 0.1 0.0 0.0 (0.0) (0.0) 0.1 (0.0) (0.0) 1.08 1.12 1.10 1.10 1.10 0.00 OUT
28 EKOVEST 0.2 0.2 (0.0) 0.3 0.2 0.8 0.3 (0.0) 0.98 1.00 0.98 0.96 0.98 0.02 IN
29 GADANG 0.0 0.0 0.1 (0.1) 0.0 0.1 (0.1) 0.1 1.00 0.99 0.98 0.95 0.94 (0.01) OUT
30 HSL 0.0 0.0 (0.0) 0.0 0.0 0.0 0.0 0.0 1.63 1.61 1.60 1.60 1.60 0.00 IN
31 ISKANDAR (0.0) (0.2) (0.2) (0.2) (0.2) (0.9) 0.1 (0.1) 1.31 1.39 1.39 1.40 1.43 0.03 OUT
32 KIMLUN (0.0) 0.0 0.0 0.0 (0.0) 0.0 (0.0) (0.0) 2.10 2.10 2.10 2.10 2.10 0.00 OUT
33 KKBE 0.0 (0.0) 0.0 0.0 0.0 (0.0) 0.0 0.0 0.95 0.94 0.94 0.94 0.94 0.00 IN
34 MUDAJAYA 0.0 (0.0) (0.0) 0.0 (0.0) (0.0) 0.0 (0.0) 0.80 0.79 0.76 0.76 0.74 (0.02) OUT
35 MRCB (0.2) (0.8) (0.6) 0.1 0.0 (1.4) 0.7 (0.1) 1.02 1.04 1.03 1.01 1.01 0.00 IN
36 NAIM (0.0) (0.0) 0.0 0.0 0.0 0.0 (0.0) 0.0 0.99 1.00 0.97 0.97 0.99 0.02 IN
37 SAPURA ENERGY (1.2) (1.0) (1.0) (0.5) (3.7) (7.3) 0.6 (3.2) 0.47 0.47 0.45 0.41 0.49 0.08 OUT
38 SUNCON (0.2) 0.3 0.1 0.2 0.5 0.8 0.1 0.3 2.14 2.15 2.15 2.20 2.14 (0.06) IN
39 UEMS 0.3 (0.1) (0.2) 0.1 (0.0) 0.1 0.4 (0.1) 0.98 1.00 1.00 1.00 1.00 0.00 IN
40 UMWOG (0.1) (0.0) (0.0) 0.1 0.2 0.2 0.1 0.1 1.50 1.53 1.50 1.60 1.63 0.03 IN
41 WASEONG 0.0 (0.7) (0.1) (0.2) (0.2) (1.3) (0.1) 0.0 0.31 0.31 0.31 0.30 0.32 0.02 OUT
42 WCT (0.0) (0.3) (0.1) 0.0 (0.1) (0.4) 0.1 (0.1) 1.37 1.39 1.35 1.32 1.34 0.02 IN
Page 7 of 8
19-Mar-18
Total Money Flow (RM'mn) Total (A) (B) CLOSING PRICE (A+B)
No Name
9-Mar 12-Mar 13-Mar 14-Mar 15-Mar 5D MF Prv. Chg Cur. Chg 9-Mar 12-Mar 13-Mar 14-Mar 15-Mar Chg DMF
FBMKLCI (16.9) (5.5) (2.0) (36.8) 2.5 (58.6) (34.7) 39.3 1,844 1,861 1,864 1,857 1,845 (11.79) IN
1 MAYBANK (1.1) (7.8) 0.8 (4.4) (5.9) (18.5) (5.2) (1.5) 10.44 10.44 10.44 10.44 10.36 (0.08) OUT
2 PBBANK (0.3) 2.5 9.3 (2.5) 3.0 12.1 (11.8) 5.5 23.00 23.00 23.00 23.00 23.00 0.00 OUT
3 TENAGA 6.4 6.1 (1.4) (25.3) 6.6 (7.7) (23.9) 31.9 15.54 15.62 15.62 15.64 15.66 0.02 IN
4 CIMB (8.2) (4.3) (3.7) (0.3) (5.0) (21.6) 3.4 (4.7) 7.15 7.27 7.25 7.24 7.22 (0.02) OUT
5 PCHEM 1.3 (1.4) (0.4) (0.4) 1.3 0.5 0.1 1.6 7.98 8.08 8.15 8.10 8.15 0.05 IN
6 IHH (2.1) 0.0 6.6 1.1 0.6 6.2 (5.6) (0.5) 6.04 6.09 6.09 6.08 6.06 (0.02) OUT
7 AXIATA 1.2 0.3 0.3 (0.0) 0.2 1.8 (0.3) 0.2 5.43 5.45 5.45 5.40 5.20 (0.20) OUT
8 MAXIS 0.1 0.1 (0.7) (0.3) (0.1) (0.9) 0.4 0.2 5.92 5.98 5.89 5.75 5.64 (0.11) IN
9 HLBANK (0.1) 2.0 0.8 0.3 0.4 3.4 (0.5) 0.1 18.50 18.68 19.02 19.30 18.78 (0.52) OUT
10 SIME PLT 0.1 (0.1) (2.0) (0.2) 0.1 (2.2) 1.8 0.3 5.45 5.56 5.60 5.56 5.52 (0.04) IN
11 DIGI 0.3 0.3 (0.2) 0.3 (0.2) 0.4 0.5 (0.6) 4.75 4.75 4.75 4.71 4.65 (0.06) OUT
12 NESTLE 3.7 1.4 1.4 (4.4) (0.9) 1.2 (5.7) 3.5 145.00 150.50 157.40 141.00 131.00 (10.00) OUT
13 PETGAS (0.2) 0.4 2.6 (0.0) 2.4 5.2 (2.6) 2.4 17.40 17.80 17.90 17.90 18.00 0.10 OUT
14 GENTING (9.2) (1.2) 1.7 (0.5) 0.7 (8.5) (2.2) 1.1 8.92 8.99 8.92 9.05 8.90 (0.15) OUT
15 MISC 0.0 (0.1) 0.1 0.4 (0.0) 0.4 0.3 (0.4) 6.79 6.99 7.09 7.13 7.03 (0.10) OUT
16 IOI CORP (5.2) 0.5 0.2 2.1 (1.3) (3.7) 2.0 (3.4) 4.84 4.85 4.87 4.86 4.68 (0.18) OUT
17 GENM (4.0) 0.2 0.1 (1.0) (0.8) (5.6) (1.1) 0.1 5.09 5.30 5.23 5.27 5.35 0.08 OUT
18 KLK 0.0 (2.1) (12.8) 1.9 (0.8) (13.8) 14.7 (2.6) 25.40 25.40 25.42 25.20 25.38 0.18 IN
19 PETDAG (0.2) (0.3) 1.0 (0.4) 0.7 0.9 (1.4) 1.1 24.32 24.86 24.72 24.74 24.74 0.00 OUT
20 HAP SENG 0.3 0.1 0.1 (0.1) 0.3 0.8 (0.2) 0.4 9.60 9.68 9.80 9.70 9.70 0.00 IN
21 HLFG (0.0) (0.3) (0.1) 0.3 (0.0) (0.1) 0.4 (0.4) 18.58 19.02 19.00 19.10 18.74 (0.36) IN
22 PPB 2.1 (2.2) (2.6) 0.0 0.3 (2.4) 2.7 0.2 18.10 18.26 18.32 18.42 18.50 0.08 IN
23 TM (1.1) 0.4 (0.6) (0.8) 0.3 (1.8) (0.2) 1.1 5.66 5.73 5.71 5.57 5.59 0.02 IN
24 RHBBANK (0.1) 0.0 (0.1) (0.1) (0.4) (0.7) 0.0 (0.3) 5.27 5.31 5.35 5.39 5.25 (0.14) OUT
25 PMETAL 0.0 (1.3) (1.2) (0.5) (0.0) (2.9) 0.7 0.5 4.97 5.00 4.97 5.00 4.99 (0.01) IN
26 SIME (0.5) 1.1 (0.2) (1.8) 0.8 (0.6) (1.5) 2.6 2.59 2.64 2.65 2.65 2.62 (0.03) IN
27 YTLCORP (0.0) 0.0 (0.1) (0.0) (0.0) (0.2) 0.1 (0.0) 1.41 1.45 1.46 1.44 1.44 0.00 IN
28 KLCCS 0.0 0.1 (0.1) (0.0) (0.1) (0.0) 0.0 (0.0) 7.81 7.87 7.85 7.82 7.80 (0.02) OUT
29 AMBANK 0.1 0.2 (0.7) (0.2) 0.6 0.0 0.5 0.8 4.03 4.07 4.19 4.08 4.07 (0.01) IN
30 ASTRO (0.1) (0.2) (0.0) (0.0) (0.1) (0.4) 0.0 (0.1) 2.35 2.38 2.36 2.33 2.35 0.02 OUT
(RM'mn)
INFLOW 11.8 15.1 24.0 6.4 18.2 75.4 Daily Trading Participation
OUTFLOW (33.2) (20.1) (24.1) (43.1) (15.6) (136.2) Date Retail Institution Foreign Total
NET FLOW (21.4) (5.0) (0.2) (36.7) 2.5 (60.8) 9-Mar 23.5% 55.2% 21.3% 100%
12-Mar 21.2% 55.3% 23.5% 100%
COMPANIES 13-Mar 21.3% 54.0% 24.7% 100%
INFLOW 11 19 14 8 15 14-Mar 23.6% 56.0% 20.4% 100%
OUTFLOW (19) (11) (16) (22) (15) 15-Mar 21.9% 58.0% 20.1% 100%
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report:
(a) nil
Page 8 of 8
Technical View
Monday, March 19, 2018
Page 1 of 2
Support & Resistance – Ace Market
No. Stock Stock Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward Call RSI Volume (mn Shares) Stochastics
Code Name SL S2 S1 9/Mar R1 R2 R3 Ratio today 5d-avg 20d-avg %K %D
1 0140 STERPRO [S] 0.20 0.22 0.24 0.280 0.31 0.35 0.38 0.75 SOS 51.28 0.010 0.043 0.156 70.0 70.0
2 0034 MMAG [S] 0.14 0.15 0.16 0.180 0.21 0.23 0.25 1.50 BOW 49.75 2.487 6.819 2.543 42.9 47.6
3 0165 XOX [S] 0.06 0.07 0.08 0.100 0.12 0.13 0.14 1.00 SELL 46.32 3.894 6.318 7.140 33.3 22.2
4 0169 SMTRACK [S] 0.10 0.12 0.15 0.185 0.23 0.27 0.31 1.29 BOW 39.94 4.111 3.943 4.193 50.0 41.7
5 0020 NETX [S] 0.01 0.02 0.03 0.040 0.06 0.07 0.08 2.00 BOW 50.11 4.706 6.062 13.395 50.0 16.7
6 0017 M3TECH [S] 0.08 0.10 0.11 0.120 0.15 0.18 0.21 3.00 BOW 41.35 1.166 5.262 3.733 20.0 12.2
7 0025 LNGRES [S] 0.13 0.14 0.15 0.160 0.19 0.21 0.23 3.00 BOW 37.62 0.750 0.973 0.598 20.0 31.7
8 0094 INIX [S] 0.02 0.04 0.06 0.080 0.12 0.14 0.16 2.00 BOW 44.46 0.112 1.764 1.313 33.3 41.7
9 0109 SCBUILD 0.01 0.02 0.02 0.030 0.05 0.06 0.07 2.00 BOW 45.51 0.340 0.591 0.349 0.0 0.0
10 0153 OVERSEA 0.12 0.14 0.16 0.190 0.20 0.23 0.26 0.33 BOW 49.46 0.187 0.071 0.022 66.7 61.1
11 0072 AT [S] 0.06 0.07 0.08 0.090 0.12 0.14 0.16 3.00 BOW 35.96 0.054 0.677 0.600 0.0 0.0
12 0026 NOVAMSC [S] 0.04 0.06 0.08 0.110 0.14 0.16 0.18 1.00 BOW 47.38 1.798 6.491 3.974 33.3 52.8
13 0131 DGSB [S] 0.04 0.06 0.08 0.100 0.14 0.16 0.18 2.00 SELL 46.97 6.999 19.412 20.805 28.6 19.0
14 0133 SANICHI [S] 0.04 0.06 0.08 0.110 0.14 0.15 0.16 1.00 BOW 44.75 2.342 1.613 1.228 50.0 50.0
15 0104 GENETEC [S] 1.04 1.18 1.28 1.360 1.53 1.75 1.97 2.13 SOS 53.81 0.030 0.121 0.165 12.5 16.7
16 0010 IRIS [S] 0.12 0.14 0.16 0.180 0.22 0.25 0.28 2.00 BOW 45.14 10.244 17.881 18.882 50.0 50.0
17 0096 NEXGRAM [S] 0.01 0.02 0.03 0.040 0.06 0.07 0.08 2.00 BOW 62.07 21.974 18.842 5.616 66.7 61.1
18 0060 SKH [S] 0.06 0.07 0.08 0.100 0.12 0.14 0.16 1.00 BOW 69.87 146.178 15.318 4.373 60.0 42.2
19 0152 DGB 0.10 0.12 0.14 0.170 0.20 0.21 0.22 1.00 SOS 57.44 30.432 21.846 23.076 44.4 37.0
20 0154 EAH [S] 0.01 0.02 0.03 0.040 0.06 0.07 0.08 2.00 BOW 47.94 3.568 15.343 9.208 0.0 0.0
No. Stock Stock Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward Call RSI Volume (mn Shares) Stochastics
Code Name SL S2 S1 16/Mar R1 R2 R3 Ratio today 5d-avg 20d-avg %K %D
1 0140 STERPRO [S] 0.20 0.22 0.24 0.265 0.31 0.35 0.38 1.80 SOS 43.06 0.176 0.037 0.120 40.0 60.0
2 0034 MMAG [S] 0.14 0.15 0.16 0.175 0.21 0.23 0.25 2.33 BOW 44.87 1.776 7.457 4.262 0.0 13.3
3 0165 XOX [S] 0.06 0.07 0.08 0.100 0.12 0.13 0.14 1.00 SELL 46.32 6.026 4.101 7.119 50.0 50.0
4 0169 SMTRACK [S] 0.10 0.12 0.15 0.185 0.23 0.27 0.31 1.29 BOW 41.57 5.975 3.671 4.045 66.7 70.4
5 0020 NETX [S] 0.01 0.02 0.03 0.035 0.06 0.07 0.08 5.00 BOW 44.65 4.563 4.220 8.647 0.0 0.0
6 0017 M3TECH [S] 0.08 0.10 0.11 0.120 0.15 0.18 0.21 3.00 BOW 43.80 0.819 2.514 3.506 50.0 41.7
7 0025 LNGRES [S] 0.13 0.14 0.15 0.175 0.19 0.21 0.23 0.60 BOW 52.27 1.510 3.643 1.423 50.0 64.2
8 0094 INIX [S] 0.02 0.04 0.06 0.075 0.12 0.14 0.16 3.00 BOW 41.64 0.080 0.674 1.080 0.0 11.1
9 0109 SCBUILD 0.01 0.02 0.02 0.035 0.05 0.06 0.07 1.00 BOW 56.64 0.100 0.695 0.465 100.0 33.3
10 0153 OVERSEA 0.12 0.14 0.16 0.180 0.20 0.23 0.26 1.00 BOW 45.98 0.017 0.038 0.030 50.0 50.0
11 0072 AT [S] 0.06 0.07 0.08 0.085 0.12 0.14 0.16 7.00 BOW 34.36 0.283 0.367 0.434 0.0 33.3
12 0026 NOVAMSC [S] 0.04 0.06 0.08 0.100 0.14 0.16 0.18 2.00 BOW 38.76 0.600 2.546 3.793 0.0 8.3
13 0131 DGSB [S] 0.04 0.06 0.08 0.095 0.14 0.16 0.18 3.00 SELL 43.74 7.032 7.773 18.851 25.0 33.3
14 0133 SANICHI [S] 0.04 0.06 0.08 0.105 0.14 0.15 0.16 1.40 BOW 43.27 0.560 1.015 1.286 33.3 22.2
15 0104 GENETEC [S] 1.04 1.18 1.28 1.390 1.53 1.75 1.97 1.27 SOS 57.79 0.034 0.032 0.133 71.4 38.6
16 0010 IRIS [S] 0.12 0.14 0.16 0.180 0.22 0.25 0.28 2.00 BOW 45.60 13.147 20.737 18.949 20.0 35.2
17 0096 NEXGRAM [S] 0.01 0.02 0.03 0.050 0.06 0.07 0.08 0.50 BOW 68.95 67.353 55.410 19.022 80.0 73.3
18 0060 SKH [S] 0.06 0.07 0.08 0.085 0.12 0.14 0.16 7.00 BOW 46.55 55.793 74.217 22.512 16.7 16.7
19 0152 DGB 0.10 0.12 0.14 0.165 0.20 0.21 0.22 1.40 SOS 52.74 8.092 34.238 30.709 42.9 52.4
20 0154 EAH [S] 0.01 0.02 0.03 0.035 0.06 0.07 0.08 5.00 BOW 39.60 1.626 7.615 10.628 0.0 16.7
Upgrade in price levels shaded dark green and bold Downgrade in price levels lightly shaded
RSI: The Relative Strength Index (RSI) is used to measure the velocity of a security's price movement to identify overbought and oversold conditions.
RSI reading below 30 indicates an oversold condition, while RSI value greater than 70 indicates overbought condition
Stochastics: measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period.
%K = 100*Closing Range/Total Range %D = N-period moving average of %K where N is the %D period parameter.
Page 2 of 2
3131
Technical View
Monday, March 19, 2018
Page 1 of 2
Support & Resistance – Small Cap
No. Stock Stock Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward Call RSI Volume (mn Shares) Stochastics
Code Name SL S2 S1 9/Mar R1 R2 R3 Ratio today 5d-avg 20d-avg %K %D
1 7382 GLBHD [S] 0.40 0.45 0.51 0.555 0.60 0.66 0.71 1.00 SELL 44.74 0.023 0.068 0.045 25.0 8.3
2 6998 BINTAI 0.10 0.11 0.12 0.150 0.18 0.19 0.20 1.00 BOW 39.29 0.058 0.482 0.208 33.3 19.4
3 4057 ASIAPAC [S] 0.10 0.12 0.14 0.160 0.18 0.20 0.22 1.00 BOW 49.40 3.609 1.853 1.459 40.0 26.7
4 7315 AHB [S] 0.14 0.16 0.18 0.210 0.24 0.26 0.28 1.00 SELL 42.63 0.467 0.433 0.397 42.9 38.6
5 2429 TANCO [S] 0.08 0.09 0.10 0.115 0.16 0.18 0.21 3.00 BOW 39.26 0.629 0.869 0.435 0.0 11.1
6 6068 PCCS [S] 0.21 0.24 0.26 0.285 0.31 0.35 0.39 1.00 SELL 41.22 0.682 2.130 1.896 18.8 16.7
7 2097 EASTLND [S] 0.10 0.12 0.14 0.150 0.20 0.22 0.24 5.00 SOS 54.85 2.510 3.536 1.001 21.4 46.0
8 2208 PTGTIN [S] 0.26 0.28 0.30 0.320 0.36 0.40 0.43 2.00 SELL 38.71 0.005 0.062 0.021 0.0 26.7
9 8486 LIONFIB [S] 0.54 0.58 0.62 0.720 0.75 0.81 0.86 0.30 SELL 52.95 0.045 0.031 0.028 72.7 54.8
10 3395 BJCORP 0.26 0.28 0.30 0.345 0.35 0.37 0.39 0.11 BOW 59.69 65.323 10.401 7.995 57.1 31.5
11 5145 SEALINK 0.10 0.11 0.12 0.135 0.15 0.16 0.17 1.00 SELL 44.83 0.010 0.063 0.042 25.0 15.0
12 7014 YLI [S] 0.24 0.29 0.34 0.350 0.42 0.46 0.52 7.00 BOW 40.28 0.018 0.004 0.018 0.0 9.5
13 4359 TURIYA [S] 0.10 0.12 0.14 0.180 0.21 0.22 0.24 0.75 SOS 43.68 0.004 0.006 0.015 42.9 67.3
14 4758 ANCOM 0.35 0.40 0.44 0.480 0.60 0.66 0.74 3.00 BOW 32.10 0.217 0.161 0.155 0.0 3.0
15 5657 PARKSON [S] 0.36 0.40 0.42 0.460 0.51 0.55 0.57 1.25 BOW 27.29 0.339 0.369 0.373 18.2 17.7
16 4235 LIONIND [S] 0.80 0.90 1.05 1.210 1.28 1.43 1.55 0.44 SELL 39.00 0.877 4.295 3.372 30.8 26.9
17 3778 MELEWAR [S] 0.14 0.16 0.18 0.210 0.25 0.29 0.32 1.33 SELL 42.53 0.004 0.074 0.077 36.4 45.5
18 4596 SAPRES [S] 0.67 0.72 0.76 0.795 0.85 0.93 1.01 1.57 BOW 39.84 0.006 0.017 0.019 33.3 15.4
19 9113 SANBUMI [S] 0.09 0.12 0.14 0.195 0.23 0.26 0.29 0.64 BOW 53.78 0.031 0.067 0.045 75.0 50.0
No. Stock Stock Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward Call RSI Volume (mn Shares) Stochastics
Code Name SL S2 S1 16/Mar R1 R2 R3 Ratio today 5d-avg 20d-avg %K %D
1 7382 GLBHD [S] 0.40 0.45 0.51 0.540 0.60 0.66 0.71 2.00 SELL 39.96 0.018 0.014 0.041 0.0 22.2
2 6998 BINTAI 0.10 0.11 0.12 0.150 0.18 0.19 0.20 1.00 BOW 41.66 0.065 0.041 0.203 50.0 50.0
3 4057 ASIAPAC [S] 0.10 0.12 0.14 0.155 0.18 0.20 0.22 1.67 BOW 45.15 2.334 7.036 2.985 50.0 50.0
4 7315 AHB [S] 0.14 0.16 0.18 0.220 0.24 0.26 0.28 0.50 SELL 49.06 0.340 0.658 0.434 71.4 71.4
5 2429 TANCO [S] 0.08 0.09 0.10 0.115 0.16 0.18 0.21 3.00 BOW 39.26 0.213 0.386 0.502 0.0 0.0
6 6068 PCCS [S] 0.21 0.24 0.26 0.280 0.31 0.35 0.39 1.50 SELL 40.21 0.305 1.523 1.852 25.0 26.5
7 2097 EASTLND [S] 0.12 0.14 0.18 0.210 0.22 0.24 0.26 0.33 SOS 67.97 2.455 11.131 3.728 65.2 75.4
8 2208 PTGTIN [S] 0.26 0.28 0.30 0.330 0.36 0.40 0.43 1.00 SELL 42.23 0.019 0.111 0.045 37.5 45.8
9 8486 LIONFIB [S] 0.54 0.58 0.62 0.635 0.70 0.75 0.81 4.33 SELL 36.75 0.016 0.059 0.035 0.0 12.7
10 3395 BJCORP 0.26 0.28 0.30 0.330 0.35 0.37 0.39 0.67 BOW 48.43 27.465 33.162 14.152 35.7 50.0
11 5145 SEALINK 0.10 0.11 0.12 0.135 0.15 0.16 0.17 1.00 SELL 44.83 0.040 0.010 0.029 25.0 16.7
12 7014 YLI [S] 0.24 0.29 0.34 0.390 0.42 0.46 0.52 0.60 BOW 51.10 0.371 0.254 0.079 47.1 47.1
13 4359 TURIYA [S] 0.10 0.12 0.14 0.185 0.21 0.22 0.24 0.56 SOS 48.09 0.020 0.006 0.014 57.1 47.6
14 4758 ANCOM 0.35 0.40 0.44 0.510 0.60 0.66 0.74 1.29 BOW 48.58 0.398 0.221 0.180 100.0 59.1
15 5657 PARKSON [S] 0.36 0.40 0.42 0.445 0.51 0.55 0.57 2.60 BOW 30.00 0.399 0.259 0.275 10.0 19.7
16 4235 LIONIND [S] 0.80 0.90 1.05 1.130 1.28 1.43 1.55 1.88 SELL 30.76 0.704 1.882 3.103 5.9 13.7
17 3778 MELEWAR [S] 0.14 0.16 0.18 0.210 0.25 0.29 0.32 1.33 SELL 43.98 0.050 0.130 0.078 40.0 46.7
18 4596 SAPRES [S] 0.59 0.67 0.72 0.760 0.80 0.85 0.93 1.00 BOW 35.74 0.010 0.010 0.016 27.3 21.2
19 9113 SANBUMI [S] 0.09 0.12 0.14 0.205 0.23 0.26 0.29 0.38 BOW 56.65 0.704 0.389 0.129 77.8 76.7
Legend:
Reward Ratio = (R1 - CP)/ (CP - S1)
Where CP = Current Price
Call:
BUY = outright BUY at current price
BOW = Buy on weakness towards S1
TBUY = Trading or Speculative BUY at current price
LTBUY = Long-Term BUY at current price
SELL = outright SELL at current price
SOS = Sell on strength towards R1
NEUTRAL = sideline, not attractive to buy or sell
TP = Take Profit
Upgrade in price levels shaded dark Green and bold Downgrade in price levels lightly shaded
RSI: The Relative Strength Index (RSI) is used to measure the velocity of a security's price movement to identify overbought and oversold conditions.
RSI reading below 30 indicates an oversold condition, while RSI value greater than 70 indicates overbought condition
Stochastics: measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period.
%K = 100*Closing Range/Total Range %D = N-period moving average of %K where N is the %D period parameter.
Page 2 of 2
Technical View
Monday, March 19, 2018
Report Description:
The Weekly Stock Screen is a retail product which can be a very useful guide for momentum trading and trading ideas. The following list is derived from the screening of more
than 1000 stocks currently listed on Bursa Malaysia to identify: the top 20 breakout, 20 breakdown, and 30 ‘potential’ breakout stocks which just climbed above the middle
Bollinger band, with potential to appreciate toward the upper Bollinger band.This report also includes the top 20 overbought, and top 20 oversold stocks.
*Note: To qualify in the list below, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume
for the day must be significantly strong. This is a good watch list for momentum traders looking for short-term BUY ideas, as they are laggards with good upside potential towards the upper
Bollinger band or higher to TAKE PROFIT/SELL. Caveat: Some stocks may continue to stay range bound and trade sideways, hence traders should refer to their respective daily charts to spot
accumulation (volume growth) or breakout patterns.
14-day RSI: A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-day SMA
should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day SMA is bearish and imply further
near-term downside risk.
Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend,
traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when
price touches the middle band and sell when price touches the upper band. Momentum traders will buy on price breaks above the upper band, and sell when price
breaks below the lower band. Alternatively, a sharp move that originates at one band tends to go all the way to the other band, a useful observation when
projecting price targets.
Page 1 of 3
*Note: To qualify in the breakout list below, the first sorting criteria is stock price must close ABOVE the upper Bollinger Band, followed by a second criteria that trading volume for the day
must be significantly higher than the 20-day average volume, which signal a bullish breakout. Caveat: We would caution momentum traders that a highly overbought 14-day RSI reading
(> 80) and share price pullback BELOW the upper Bollinger Band are early warning signals to exit buy breakout trades.
Page 2 of 3
*Note: The list below is the 20 most overbought of the 1000 over Bursa Malaysia listed stocks with 14-day RSI above 80. It is generally a bearish or SELL list, especially if the readings
approach 90. Caveat: The list consists of fundamentally sound stocks, and hence are long-term BUY or HOLD stocks.
TOP 20 OVERBOUGHT STOCKS
(Generally BEARISH short-term, but are LONG-TERM BUY or HOLD)
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report:
(a) nil
Page 3 of 3
Monday, 19 March, 2018
Fo re i gn Te ch n ic al R e p o rt s
1. Fore i gn Te ch n i ca l St o c k W at ch ( A US )
2. Fore i gn Te ch n i ca l St o c k W at ch ( HK )
3. Fore i gn Te ch n i ca l St o c k W at ch ( F SS T I )
4. Fore i gn Te ch n i ca l St o c k W at ch ( U S)
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048
www.ta.com.my
Technical View
Monday, March 19, 2018
Page 1 of 5
19-Mar-18
ALUMINA AUD2.35
Page 2 of 5
19-Mar-18
WEEKLY FOREIGN STOCK WATCH UPDATE
The table below consists of the top 30 ASX 200 Index component stocks, weighted by market capitalization in descending order, with some popular technical indicators. Some other
popularly traded stocks are included at the bottom section.
The technical BUY/SELL signals on the last two columns are auto generated.
Close Bollinger Bands RSI Moving Averages DMI MACD DMI MACD
Change High Low
Name 16-Mar Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent Signal
AS X 200 5949.42 28.57 5952.70 5920.90 5872.66 5959.53 6046.41 45.69 5942.15 5940.13 5988.51 26.01 27.63 13.07 (1.62) -6.97 -6.83 (0.147) SELL SELL
BHP BILLITON 29.16 0.30 29.22 28.94 27.87 29.88 31.89 42.33 29.01 29.91 30.28 28.85 39.76 15.26 (10.92) -0.44 -0.29 (0.148) SELL SELL
RIO TINTO 76.62 0.56 77.04 76.10 72.22 78.12 84.01 45.83 75.38 78.10 78.41 21.08 34.11 25.87 (13.03) -1.06 -0.65 (0.412) SELL SELL
COMMONW BK AUS TR 75.34 -0.44 76.25 75.03 73.72 75.72 77.71 45.44 76.14 76.06 77.69 25.87 31.24 14.65 (5.37) -0.19 -0.42 0.226 SELL BUY
WES TPAC BANKING 29.52 -0.16 29.78 29.47 29.59 30.33 31.08 36.41 30.15 30.40 30.69 20.35 35.54 16.30 (15.18) -0.21 -0.16 (0.049) SELL SELL
AUS T AND NZ BANK 28.03 -0.02 28.18 27.79 27.75 28.42 29.09 42.90 28.40 28.30 28.43 18.45 31.39 16.66 (12.94) -0.01 0.02 (0.031) SELL SELL
NATL AUS T BANK 29.51 -0.16 29.80 29.26 29.17 29.91 30.64 47.86 30.06 29.56 29.48 25.54 29.51 17.46 (3.97) 0.19 0.22 (0.026) SELL SELL
WES FARMERS 43.80 2.60 44.24 42.99 40.20 41.17 42.13 47.29 40.96 41.20 42.31 20.99 23.15 21.02 (2.17) -0.33 -0.40 0.073 SELL BUY
WOODS IDE PETRO 28.56 -0.07 28.84 28.50 27.93 28.91 29.89 38.18 28.77 30.05 31.45 18.23 29.96 26.01 (11.73) -0.73 -0.85 0.125 SELL BUY
NEWCRES T MINING 19.73 -0.14 19.92 19.58 19.98 21.49 23.01 29.72 21.08 21.78 22.27 16.59 42.94 22.99 (26.35) -0.55 -0.37 (0.174) SELL SELL
WES TFIELD GROUP 8.57 0.00 8.59 8.50 8.48 8.66 8.84 40.82 8.65 8.72 8.91 13.62 35.18 34.29 (21.56) -0.08 -0.07 (0.005) SELL SELL
FORTES CUE METALS 4.78 0.00 4.84 4.75 4.52 4.98 5.44 41.97 4.78 5.01 5.07 16.00 28.57 24.05 (12.57) -0.10 -0.07 (0.025) SELL SELL
QBE INS URANCE 9.77 -0.22 10.00 9.77 9.63 10.21 10.79 39.90 9.96 10.30 10.44 14.29 25.66 34.02 (11.38) -0.15 -0.15 (0.004) SELL SELL
ORIGIN ENERGY 8.84 0.18 8.87 8.65 8.51 8.94 9.37 42.75 8.76 8.89 9.08 22.17 31.23 14.53 (9.05) -0.09 -0.08 (0.015) SELL SELL
AMP 5.25 0.03 5.28 5.19 5.18 5.31 5.45 43.85 5.34 5.27 5.24 20.40 28.78 14.75 (8.38) 0.02 0.03 (0.010) SELL SELL
S ANTOS 4.89 0.00 4.94 4.87 4.81 5.00 5.19 43.88 4.93 5.00 5.13 21.72 30.23 12.72 (8.51) -0.05 -0.05 (0.005) SELL SELL
MACQUARIE GROUP 104.90 -0.94 106.16 104.24 100.86 103.75 106.64 59.42 104.47 103.19 102.85 28.41 24.74 10.92 3.66 0.94 0.64 0.300 BUY BUY
S UNCORP GROUP 13.63 -0.05 13.77 13.59 13.11 13.60 14.08 51.71 13.79 13.50 13.57 27.32 24.02 18.28 3.30 0.09 0.07 0.020 BUY BUY
ORICA 18.30 -0.14 18.47 18.26 17.88 18.55 19.21 47.76 18.41 18.55 18.65 25.11 26.87 16.35 (1.76) -0.01 -0.04 0.029 SELL BUY
OIL S EARCH 7.07 -0.02 7.17 7.07 6.92 7.32 7.73 37.63 7.14 7.38 7.56 16.11 31.31 22.20 (15.21) -0.13 -0.11 (0.019) SELL SELL
COCA-COLA AMATIL 8.78 0.03 8.87 8.72 8.53 8.82 9.10 51.36 8.87 8.65 8.51 26.66 23.31 27.68 3.35 0.11 0.13 (0.017) BUY SELL
AMCOR 14.34 0.04 14.34 14.18 13.81 14.11 14.40 51.47 14.16 14.21 14.43 21.43 20.51 21.41 0.92 -0.05 -0.10 0.048 BUY BUY
S TOCKLAND 4.15 0.05 4.15 4.10 3.96 4.05 4.15 51.61 4.07 4.04 4.14 27.20 19.82 15.46 7.38 -0.01 -0.03 0.016 BUY BUY
ALUMINA 2.35 0.06 2.36 2.27 2.21 2.30 2.39 47.08 2.31 2.30 2.37 22.33 22.83 13.55 (0.49) -0.01 -0.01 0.006 SELL BUY
COMPUTERS HARE 17.78 0.10 17.91 17.64 17.32 17.78 18.25 54.23 17.63 17.39 17.01 26.19 25.33 13.82 0.86 0.19 0.24 (0.049) BUY SELL
QANTAS AIR WAYS 5.93 -0.06 6.00 5.92 5.20 5.71 6.22 66.31 5.88 5.53 5.37 34.00 11.95 35.72 22.05 0.18 0.17 0.014 BUY BUY
S IMS METAL MGMT 15.86 0.28 15.95 15.60 15.36 16.56 17.76 36.68 16.03 16.49 16.77 17.86 33.34 20.61 (15.47) -0.25 -0.12 (0.132) SELL SELL
14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-
day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply
further near-term downside risk.
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share
price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it
breaches below this level.
Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a
negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+
crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the
trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend.
Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day
EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the
MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero.
Page 3 of 5
19-Mar-18
Page 4 of 5
19-Mar-18
LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2016 TO CURRENT
* The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision
** Upside Targets are derived from the subsequent Fibonacci Projection levels
The above table is a performance summary of our top BUY recommendations from JUNE 2016 to current (sorted by name) together with upside targets, which are taken from
subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date.
Interpretation:
Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value
indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold.
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report:
(a) nil
Page 5 of 5
Technical View
Monday, March 19, 2018
Page 1 of 5
19-Mar-18
Page 2 of 5
19-Mar-18
The table below consists of the 45 HKSE Hang Seng Index component stocks, sorted by market capitalization in descending order, with some popular technical indicators. Some other
popularly traded stocks are included at the bottom section.
The technical BUY/SELL signals on the last two columns are auto generated.
Clos e Bollinger Bands RSI Moving Averages DMI MACD DMI MACD
Change High Low
Name 16-Mar Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent S ignal
HANG S E NG 31,461.04 (80.06) 31,564.78 31,337.45 30,044.43 30,991.29 31,938.14 55.29 30,900.01 31,012.62 31,345.55 25.00 21.30 17.44 3.70 57.42 -59.40 116.82 BUY BUY
HS B C 76.85 0.45 77.35 76.25 74.01 78.36 82.72 36.68 76.60 79.39 81.14 16.04 37.45 36.03 (21.41) -1.34 -1.33 (0.01) SELL SELL
CH MOB ILE 72.10 0.15 72.20 71.55 69.97 72.85 75.73 37.79 71.60 74.56 76.69 17.94 30.22 31.03 (12.28) -1.47 -1.63 0.16 SELL BUY
CCONB 8.46 (0.03) 8.50 8.41 7.84 8.29 8.73 56.17 8.22 8.31 8.25 28.16 18.80 18.91 9.36 0.05 0.02 0.04 BUY BUY
ICB C 6.89 (0.11) 6.96 6.87 6.60 6.90 7.20 53.73 6.87 6.92 6.91 25.28 19.99 15.93 5.29 0.03 0.00 0.03 BUY BUY
CNOOC 11.16 (0.12) 11.22 11.10 10.87 11.32 11.77 47.05 11.21 11.46 11.81 23.04 26.72 11.09 (3.68) -0.11 -0.14 0.03 SELL BUY
CH LIF E 23.10 (0.25) 23.40 23.00 22.64 23.25 23.87 45.88 23.12 23.76 24.45 16.02 22.48 27.89 (6.46) -0.33 -0.43 0.10 SELL BUY
B OC 4.38 (0.03) 4.42 4.35 4.13 4.33 4.52 55.05 4.29 4.36 4.34 27.07 17.30 16.20 9.77 0.01 -0.01 0.02 BUY BUY
S HK P R OP 129.50 (0.70) 130.10 128.90 125.05 128.74 132.43 53.40 129.08 128.40 130.62 18.24 17.81 14.57 0.42 0.13 -0.19 0.31 BUY BUY
P E TR O CH 5.33 (0.04) 5.34 5.28 5.22 5.43 5.64 43.54 5.36 5.55 5.71 16.41 30.12 23.60 (13.71) -0.09 -0.10 0.01 SELL BUY
TE NCE NT 467.20 (1.40) 472.80 465.20 424.19 447.06 469.93 61.18 447.88 441.42 444.34 28.77 17.66 16.19 11.11 5.96 2.96 3.00 BUY BUY
HKS E 282.60 (7.00) 288.80 281.80 273.02 284.69 296.36 55.23 285.30 281.47 281.44 21.29 19.51 14.99 1.78 3.10 2.75 0.34 BUY BUY
CK HUTCHIS ON 98.85 0.25 99.05 97.80 95.44 98.03 100.61 49.58 97.41 99.27 100.17 26.91 27.42 19.33 (0.51) -0.57 -0.81 0.24 SELL BUY
P ING AN 89.90 0.95 90.90 88.05 81.11 84.97 88.82 58.23 84.53 85.18 86.64 24.70 18.80 14.78 5.90 0.14 -0.43 0.57 BUY BUY
S INOP E C COR P 6.44 (0.03) 6.49 6.35 6.07 6.34 6.60 54.48 6.34 6.37 6.43 23.87 20.81 13.38 3.05 0.02 -0.01 0.02 BUY BUY
CH S HE NHUA 21.70 (0.15) 21.85 21.50 20.84 22.10 23.36 47.33 21.70 22.46 22.53 21.05 19.91 15.90 1.15 -0.16 -0.18 0.02 BUY BUY
CLP 79.15 0.25 79.30 78.55 76.09 78.14 80.18 54.61 78.65 78.00 78.37 16.49 20.99 17.10 (4.50) 0.20 0.11 0.09 SELL BUY
LI & F UNG 4.19 0.08 4.22 4.08 3.80 4.02 4.25 56.12 4.10 3.97 4.04 22.93 17.17 21.04 5.76 0.06 0.03 0.02 BUY BUY
B OC HK 39.80 (0.25) 39.90 39.70 38.53 39.38 40.23 57.84 39.33 39.02 39.70 21.59 14.85 15.75 6.75 0.10 -0.03 0.13 BUY BUY
HS BANK 187.50 (1.50) 188.50 187.20 182.30 190.75 199.20 50.82 187.67 187.20 188.32 25.38 25.48 20.79 (0.10) 0.19 0.40 (0.21) SELL SELL
HK&CH GAS 16.04 0.06 16.10 15.82 14.81 15.44 16.06 70.92 15.61 15.32 15.36 32.52 13.73 22.74 18.78 0.17 0.10 0.07 BUY BUY
S WIR E 81.65 0.80 82.55 81.05 73.92 77.87 81.82 65.37 78.77 77.17 77.30 27.92 17.46 20.12 10.46 0.97 0.65 0.31 BUY BUY
HL P R OP 18.70 (0.16) 18.96 18.70 18.34 18.76 19.17 47.48 18.77 19.03 19.60 13.55 21.33 26.58 (7.78) -0.15 -0.22 0.07 SELL BUY
WHAR F 27.90 (0.30) 28.30 27.85 27.79 29.21 30.63 41.35 29.26 29.43 30.27 19.53 26.17 15.74 (6.63) -0.26 -0.15 (0.10) SELL SELL
CH OV LAND 28.15 0.25 28.40 27.45 27.14 27.99 28.83 48.92 27.75 28.16 28.65 24.90 21.31 12.75 3.59 -0.15 -0.17 0.02 BUY BUY
P OWE R AS S E TS 71.45 2.50 73.95 68.75 64.76 67.19 69.61 59.96 68.17 67.04 66.91 24.56 13.30 27.54 11.26 0.63 0.39 0.24 BUY BUY
HE NDE R S ON 52.45 0.40 52.85 51.80 49.46 50.91 52.36 57.14 51.23 51.12 51.86 18.49 20.90 18.42 (2.41) 0.09 -0.13 0.22 SELL BUY
B OCOMM 6.28 (0.05) 6.35 6.24 6.14 6.32 6.51 49.80 6.30 6.37 6.36 23.16 18.29 15.19 4.87 0.00 -0.01 0.01 BUY BUY
CH COAL 3.51 (0.07) 3.60 3.49 3.49 3.60 3.70 46.13 3.58 3.66 3.77 18.69 16.40 14.33 2.29 -0.04 -0.05 0.01 BUY BUY
CH UNICOM 9.68 0.14 9.81 9.65 9.30 9.89 10.48 35.06 9.63 10.26 10.62 14.93 32.40 37.55 (17.46) -0.31 -0.32 0.01 SELL BUY
B K E AS IA 33.20 (0.40) 33.70 33.10 32.35 33.86 35.36 49.40 33.70 33.33 33.61 20.77 23.29 17.23 (2.52) 0.09 0.13 (0.04) SELL SELL
E S P R IT 3.01 0.00 3.04 3.00 2.95 3.08 3.21 31.17 3.03 3.09 3.46 17.29 28.53 34.78 (11.24) -0.11 -0.13 0.02 SELL BUY
MTR 43.60 (0.35) 43.90 43.50 39.65 41.83 44.01 65.43 42.21 42.07 43.45 31.29 16.61 36.71 14.69 0.10 -0.36 0.47 BUY BUY
S INO LAND 13.86 (0.22) 14.10 13.84 13.03 13.73 14.43 55.45 13.98 13.65 13.81 23.07 24.04 10.56 (0.97) 0.15 0.09 0.07 SELL BUY
CH R E S 33.70 (0.15) 34.00 33.15 28.40 31.42 34.45 65.80 32.37 30.60 30.54 29.72 12.96 22.92 16.76 1.08 0.79 0.30 BUY BUY
NE W WOR LD 11.88 (0.28) 12.08 11.88 11.42 11.85 12.28 57.22 11.93 11.84 12.07 21.73 15.45 15.31 6.28 0.05 -0.01 0.06 BUY BUY
CH R E S LAND 28.80 0.35 29.25 28.00 26.80 28.67 30.54 50.21 28.00 29.01 28.51 21.88 18.57 19.02 3.32 -0.13 -0.08 (0.06) BUY SELL
CH ME R CHANT 18.08 (0.06) 18.22 17.96 17.72 18.35 18.97 41.09 18.18 18.51 19.47 19.04 28.15 25.65 (9.11) -0.29 -0.38 0.09 SELL BUY
CH R E S P OWE R 13.96 (0.02) 14.08 13.90 13.07 13.63 14.19 55.42 13.77 13.66 13.92 23.96 19.94 12.73 4.02 0.03 -0.05 0.08 BUY BUY
ALCOR P 4.61 (0.01) 4.61 4.59 4.44 4.73 5.03 39.64 4.61 4.80 5.17 17.55 23.90 17.48 (6.35) -0.14 -0.16 0.02 SELL BUY
CATHAY 14.72 0.30 14.82 14.46 12.49 13.32 14.15 74.49 13.57 13.03 12.88 29.76 11.53 28.82 18.23 0.34 0.26 0.09 BUY BUY
CITIC 11.28 (0.12) 11.40 11.22 11.03 11.37 11.71 48.30 11.40 11.42 11.60 21.60 22.66 13.54 (1.06) 0.00 -0.04 0.04 SELL BUY
COS CO 7.27 0.11 7.27 7.17 7.06 7.36 7.65 34.40 7.24 7.46 7.78 14.31 26.86 NA (12.55) -0.16 -0.16 0.01 SELL BUY
F IH MOB ILE LTD 1.98 (0.02) 2.01 1.96 2.02 2.15 2.27 28.01 2.11 2.17 2.25 12.30 34.86 29.29 (22.56) -0.05 -0.04 (0.01) SELL SELL
GE NHK 1.48 0.03 1.49 1.44 1.42 1.54 1.66 36.68 1.49 1.59 1.65 32.07 18.34 27.07 13.72 -0.06 -0.05 (0.00) BUY SELL
AIA 66.75 (0.40) 67.00 66.40 61.32 64.73 68.14 58.08 65.47 64.01 65.19 26.02 19.62 17.66 6.40 0.76 0.31 0.45 BUY BUY
S ANDS CHINA 44.60 (0.40) 45.10 44.40 42.13 44.34 46.54 53.84 44.29 44.05 44.11 25.05 24.26 13.63 0.80 0.37 0.19 0.17 BUY BUY
GALAXY 69.95 (0.45) 70.50 69.50 65.10 68.24 71.38 58.75 68.76 67.60 65.83 23.79 16.39 15.94 7.40 1.22 1.04 0.18 BUY BUY
14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-
day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply
further near-term downside risk.
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share
price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it
breaches below this level.
Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a
negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+
crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the
trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend.
Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day
EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the
MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero.
Page 3 of 5
19-Mar-18
Page 4 of 5
19-Mar-18
LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2016 TO CURRENT
* The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision
** Upside Targets are derived from the subsequent Fibonacci Projection levels
The above table is a performance summary of our top BUY recommendations from JUNE 2016 to current (sorted by name) together with upside targets, which are taken from
subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date.
Interpretation:
Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value
indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold.
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report:
(a) nil
Page 5 of 5
Technical View
Monday, March 19, 2018
SINTEL SGD3.49
Page 1 of 5
19-Mar-18
CAPITALAND SGD3.66
STARHUB SGD2.41
Page 2 of 5
19-Mar-18
The table below consists of the revamped 30 SGX FTSE Straits Times Index component stocks, sorted by market capitalization in descending order, with some popular technical
indicators. Some other popularly traded stocks are included at the bottom section.
The technical BUY/SELL signals on the last two columns are auto generated.
Stock Close Bollinger Bands RSI Moving Averages DMI MACD DMI MACD
Change High Low
Name 16-Mar Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent Signal
FS S TI 3,508.39 (9.34) 3,519.54 3,501.81 3,433.03 3,502.57 3,572.11 52.80 3,497.75 3,479.92 3,504.98 25.01 24.01 15.55 1.00 10.49 5.32 5.17 BUY BUY
S INGTE L 3.49 0.07 3.49 3.42 3.31 3.37 3.43 52.81 3.37 3.39 3.47 21.30 17.14 22.11 4.16 -0.02 -0.03 0.02 BUY BUY
DBS 28.25 (0.36) 28.45 28.23 27.78 28.73 29.68 54.76 28.50 28.05 27.43 24.92 22.08 18.88 2.84 0.39 0.46 (0.07) BUY SELL
OCBC 13.30 (0.13) 13.41 13.30 12.77 13.22 13.67 57.66 13.33 12.95 13.00 26.78 16.07 25.22 10.71 0.18 0.15 0.02 BUY BUY
UOB 28.15 (0.43) 28.54 28.15 26.92 28.00 29.07 58.07 28.25 27.59 27.67 30.70 19.02 21.43 11.69 0.36 0.28 0.09 BUY BUY
J ARDINE M. 62.23 (0.55) 62.51 62.02 61.19 62.92 64.66 49.02 63.04 62.82 62.78 23.14 25.94 12.76 (2.80) 0.12 0.11 0.01 SELL BUY
WILMAR 3.22 0.01 3.24 3.20 3.02 3.16 3.30 56.88 3.19 3.13 3.16 23.36 20.44 15.72 2.93 0.03 0.02 0.01 BUY BUY
HK LAND 6.85 (0.11) 6.94 6.85 6.76 6.97 7.17 48.65 6.92 6.99 7.05 24.15 24.99 17.01 (0.83) -0.03 -0.04 0.01 SELL BUY
CAP LAND 3.66 (0.02) 3.69 3.66 3.53 3.61 3.69 56.52 3.62 3.60 3.68 19.68 19.85 15.23 (0.17) 0.01 -0.01 0.02 SELL BUY
GE NS P 1.13 0.01 1.14 1.12 1.05 1.18 1.32 31.87 1.13 1.21 1.26 14.36 30.81 31.03 (16.44) -0.04 -0.04 (0.00) SELL SELL
KE P PE L 7.72 (0.07) 7.79 7.72 7.58 7.91 8.23 44.09 7.77 8.00 8.10 19.49 27.91 18.57 (8.43) -0.08 -0.09 0.00 SELL BUY
S GX 7.50 (0.04) 7.57 7.50 7.38 7.54 7.69 46.62 7.51 7.63 7.74 19.27 26.70 21.44 (7.43) -0.05 -0.07 0.02 SELL BUY
S IA 11.22 0.13 11.22 11.13 10.79 11.12 11.44 50.67 11.01 11.08 11.09 19.71 22.58 16.33 (2.87) 0.01 0.00 0.01 SELL BUY
FNN 2.25 (0.04) 2.30 2.25 2.26 2.34 2.41 34.55 2.30 2.37 2.46 10.80 24.79 40.34 (13.99) -0.04 -0.05 0.00 SELL BUY
NOBLE 0.14 (0.02) 0.15 0.13 0.13 0.17 0.20 41.94 0.15 0.18 0.20 25.36 24.33 16.05 1.03 -0.01 -0.02 0.00 BUY BUY
CITY DE V 13.36 (0.02) 13.47 13.28 12.24 12.89 13.54 58.92 13.05 12.84 12.98 23.41 20.88 17.28 2.54 0.14 0.06 0.09 BUY BUY
J ARDINE S . 40.19 1.19 40.19 38.44 37.54 38.94 40.34 48.51 39.23 38.89 39.32 17.42 22.48 13.51 (5.06) 0.08 0.00 0.08 SELL BUY
S G PRE S S 2.52 0.05 2.52 2.46 2.46 2.59 2.71 31.05 2.53 2.60 2.64 10.77 30.07 26.78 (19.30) -0.04 -0.03 (0.01) SELL SELL
J ARDINE C&C 34.94 (0.11) 35.27 34.66 34.91 36.76 38.61 30.71 35.97 37.27 38.51 9.61 38.00 48.94 (28.39) -0.86 -0.79 (0.07) SELL SELL
GOLDE N AGRI 0.36 0.01 0.36 0.35 0.35 0.36 0.37 39.22 0.36 0.36 0.37 10.61 14.37 20.42 (3.75) 0.00 0.00 0.00 SELL BUY
S G TE CH 3.53 0.03 3.54 3.49 3.29 3.40 3.51 64.48 3.42 3.36 3.36 32.76 12.81 23.35 19.95 0.04 0.03 0.01 BUY BUY
OLAM INT 2.34 (0.05) 2.40 2.33 2.16 2.29 2.42 67.55 2.33 2.24 2.20 36.96 14.33 38.82 22.64 0.06 0.04 0.01 BUY BUY
CAP TRUS T 2.08 0.02 2.08 2.05 1.95 2.01 2.07 58.57 2.02 2.01 2.04 17.23 17.39 18.23 (0.16) 0.00 -0.01 0.01 SELL BUY
S E MBCORP 3.09 0.01 3.09 3.07 2.97 3.16 3.36 40.66 3.08 3.23 3.26 18.15 22.30 16.91 (4.15) -0.06 -0.05 (0.00) SELL SELL
S E MCORP M. 2.07 (0.04) 2.12 2.07 1.76 2.20 2.65 44.29 2.05 2.35 2.28 18.85 27.08 32.53 (8.22) -0.08 -0.08 (0.00) SELL SELL
CMFT DE LGRO 2.02 0.02 2.03 1.99 1.97 2.02 2.06 45.35 2.02 2.03 2.04 19.59 22.61 9.22 (3.02) 0.00 -0.01 0.00 SELL BUY
S TARHUB 2.41 (0.01) 2.43 2.37 2.38 2.49 2.59 29.73 2.45 2.59 2.73 11.19 28.71 41.64 (17.52) -0.09 -0.09 0.01 SELL BUY
S IA E NG 3.25 0.03 3.25 3.23 3.20 3.28 3.36 35.98 3.25 3.30 3.27 14.58 26.50 25.56 (11.92) -0.01 0.00 (0.01) SELL SELL
IFOOD AGRI 0.33 0.00 0.33 0.32 0.31 0.34 0.37 36.06 0.33 0.35 0.37 8.30 24.72 40.32 (16.42) -0.01 -0.01 0.00 SELL BUY
YZJ 1.34 0.04 1.34 1.30 1.26 1.40 1.55 34.80 1.34 1.42 1.49 11.64 21.32 24.62 (9.68) -0.05 -0.04 (0.01) SELL SELL
14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-
day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply
further near-term downside risk.
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share
price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it
breaches below this level.
Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a
negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+
crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the
trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend.
Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day
EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the
MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero.
Page 3 of 5
19-Mar-18
Page 4 of 5
19-Mar-18
LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2016 TO CURRENT
* The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision
** Upside Targets are derived from the subsequent Fibonacci Projection levels
The above table is a performance summary of our top BUY recommendations from JUNE 2016 to current (sorted by name) together with upside targets, which are taken from
subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date.
Interpretation:
Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value
indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold.
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report:
(a) nil
Page 5 of 5
Technical View
Monday, March 19, 2018
BOEING CO USD329.98
Page 1 of 5
19-Mar-18
AT&T USD37.04
Page 2 of 5
19-Mar-18
WEEKLY FOREIGN STOCK WATCH UPDATE
The table below consists of the 30 NYSE Dow Jones Industrial Average component stocks, sorted by market capitalization in descending order, with some popular technical indicators.
Some other popularly traded stocks are included at the bottom section.
The technical BUY/SELL signals on the last two columns are auto generated.
Stock Close Change High Low Bollinger Bands RSI Moving Averages DMI MACD DMI MACD
Name 15-Mar Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent Signal
DOW J ONE S 24,873.66 115.54 25,053.87 24,753.29 24,459.65 25,017.95 25,576.24 47.38 24914.67 24,946.83 25,309.30 22.82 30.87 23.45 (8.05) -65.91 -71.47 5.559 SELL BUY
IBM 159.61 1.49 161.25 158.52 152.59 156.65 160.72 55.04 157.83 155.68 159.14 24.31 19.02 15.43 5.29 0.54 -0.03 0.570 BUY BUY
3M 235.87 1.58 238.07 234.20 229.35 236.06 242.77 48.81 235.76 235.11 239.49 22.00 26.53 17.65 (4.53) -0.38 -0.73 0.353 SELL BUY
CHE VRON 115.58 0.45 116.21 114.75 109.02 113.31 117.60 49.82 114.68 114.07 120.42 20.46 24.35 31.71 (3.89) -0.71 -1.55 0.839 SELL BUY
CATE RPILLAR 154.57 2.03 155.59 151.69 146.98 155.40 163.83 48.79 152.99 154.97 159.54 21.11 26.42 25.02 (5.31) -1.13 -1.25 0.120 SELL BUY
MCDONALDS 161.61 3.37 162.14 158.59 149.27 157.31 165.35 53.92 155.04 159.61 165.61 27.60 30.46 33.17 (2.87) -2.00 -3.12 1.125 SELL BUY
UNITE CH 129.25 -0.33 130.57 127.96 126.89 131.31 135.72 45.37 131.00 130.68 132.38 20.97 24.51 15.36 (3.54) -0.23 0.02 (0.246) SELL SELL
BOE ING 329.98 -0.28 332.88 322.95 331.91 350.48 369.05 39.53 343.97 347.59 340.71 18.90 34.79 18.39 (15.88) -1.02 2.68 (3.708) SELL SELL
E XXON MOBIL 74.42 0.82 75.00 74.11 73.10 75.64 78.18 38.86 74.87 76.75 81.02 16.29 29.81 32.50 (13.52) -1.69 -1.84 0.150 SELL BUY
J &J 133.06 0.74 134.23 132.47 127.33 131.10 134.88 51.09 131.41 131.31 136.34 21.77 25.79 28.58 (4.03) -0.62 -1.41 0.785 SELL BUY
P&G 78.67 -0.33 79.12 78.55 77.93 80.22 82.50 36.21 79.65 80.78 84.35 16.69 34.61 36.80 (17.92) -1.31 -1.50 0.187 SELL BUY
COCA-COLA 43.67 -0.11 44.00 43.55 43.00 44.01 45.01 42.03 44.12 44.23 45.28 23.53 29.71 18.00 (6.18) -0.28 -0.37 0.100 SELL BUY
WAL-MART 87.51 -0.16 88.79 85.91 81.98 91.34 100.69 31.38 88.37 94.74 98.24 15.17 34.39 34.43 (19.22) -3.23 -3.23 0.004 SELL BUY
TRAVE LE RS 140.47 0.95 141.78 139.40 137.29 140.05 142.81 50.67 140.19 140.43 139.98 22.97 24.19 13.06 (1.22) 0.07 0.02 0.046 SELL BUY
DOWDUPONT 67.88 -1.11 69.28 67.87 67.74 70.88 74.03 39.05 70.06 70.80 72.67 21.45 32.17 25.85 (10.72) -0.75 -0.61 (0.142) SELL SELL
GOLDMAN 266.61 2.18 269.00 265.35 257.75 265.71 273.68 52.55 266.36 262.61 261.38 24.77 26.78 10.84 (2.00) 1.96 1.89 0.069 SELL BUY
J PMORGAN 115.24 0.29 115.98 114.84 112.75 115.63 118.50 51.36 115.51 114.49 113.72 23.98 26.83 15.44 (2.85) 0.71 0.86 (0.144) SELL SELL
AME X 94.39 -0.14 95.40 93.97 93.49 96.98 100.47 43.26 96.16 96.06 97.56 23.53 30.09 16.31 (6.55) -0.42 -0.19 (0.234) SELL SELL
ME RCK 55.25 0.45 55.73 54.90 53.61 54.91 56.20 48.14 54.82 55.31 57.04 22.82 27.86 23.04 (5.04) -0.46 -0.67 0.210 SELL BUY
WALT DIS NE Y 103.24 -0.66 104.28 103.24 101.44 104.77 108.10 43.52 103.97 104.89 107.29 20.60 26.45 17.61 (5.85) -0.82 -0.88 0.058 SELL BUY
VE RIZON 48.29 -0.16 48.77 48.14 47.43 48.63 49.84 39.50 48.69 49.36 50.74 14.82 25.22 28.45 (10.41) -0.57 -0.70 0.124 SELL BUY
HOME DE POT 178.07 0.66 179.84 176.76 175.02 182.26 189.50 39.97 179.41 184.08 189.88 17.39 33.27 37.43 (15.88) -3.06 -2.96 (0.103) SELL SELL
UTD HE ALTH 229.48 4.10 230.76 225.66 221.74 227.17 232.60 52.79 226.18 226.67 230.23 17.42 17.33 19.77 0.09 -0.76 -0.95 0.184 BUY BUY
AT&T 37.04 0.01 37.29 37.01 36.07 36.84 37.61 51.27 36.98 36.85 37.05 22.85 20.79 12.34 2.06 0.05 -0.03 0.076 BUY BUY
MICROS OFT 94.18 0.33 94.58 92.83 91.02 93.75 96.47 54.05 94.40 92.43 91.57 22.77 26.16 13.85 (3.39) 1.05 1.12 (0.068) SELL SELL
CIS CO 45.33 0.05 45.73 45.12 43.07 44.49 45.91 62.63 44.81 43.13 42.27 28.22 20.13 22.24 8.09 0.95 0.97 (0.017) BUY SELL
INTE L 50.88 -0.98 52.29 50.88 44.70 49.16 53.62 59.33 50.97 47.76 46.83 31.62 16.65 23.32 14.97 1.50 1.34 0.161 BUY BUY
PFIZE R 36.58 0.23 36.80 36.43 35.42 36.25 37.08 53.63 36.34 35.87 36.34 21.38 23.00 12.08 (1.62) 0.13 0.05 0.072 SELL BUY
GE 14.36 0.09 14.53 14.26 13.96 14.54 15.12 41.74 14.53 14.72 15.79 24.24 33.63 22.25 (9.39) -0.30 -0.39 0.087 SELL BUY
NIKE 66.39 0.19 66.61 66.13 64.13 66.74 69.35 50.83 65.73 66.42 66.09 24.68 24.17 11.80 0.51 -0.04 0.04 (0.076) BUY SELL
VIS A 123.41 0.83 124.42 122.70 119.77 122.35 124.92 55.01 122.57 121.24 121.42 22.98 25.17 14.29 (2.19) 0.75 0.68 0.067 SELL BUY
AIG 54.66 -0.27 55.18 54.55 54.33 57.72 61.12 28.38 56.44 58.67 59.99 14.67 34.69 26.73 (20.02) -1.35 -1.12 (0.226) SELL SELL
BANK OF AME RICA 32.10 -0.04 32.34 31.93 31.48 32.12 32.76 52.42 32.24 31.80 31.58 23.04 27.89 13.75 (4.86) 0.26 0.28 (0.027) SELL SELL
BP 39.03 0.16 39.14 38.75 38.54 39.40 40.25 42.42 39.31 39.71 41.08 20.32 33.60 33.51 (13.28) -0.41 -0.49 0.074 SELL BUY
CITIGROUP 73.34 -0.13 73.87 73.01 72.57 75.40 78.22 40.82 74.40 75.31 76.13 19.99 34.76 22.03 (14.78) -0.56 -0.43 (0.126) SELL SELL
LV S ANDS 74.77 0.87 75.31 73.92 70.79 73.89 77.00 53.63 74.00 73.74 73.57 25.68 27.48 17.41 (1.80) 0.31 0.17 0.140 SELL BUY
MS 57.22 0.23 57.54 56.94 53.79 56.32 58.84 55.55 57.05 55.55 55.49 27.96 25.85 14.82 2.12 0.75 0.62 0.129 BUY BUY
WE LLS FARGO 56.83 0.20 57.12 56.24 55.82 58.26 60.70 39.79 57.27 58.44 60.61 20.52 31.65 24.26 (11.13) -0.89 -0.91 0.013 SELL BUY
FACE BOOK INC-A 183.86 -0.33 184.00 182.19 174.73 180.85 186.97 53.63 182.28 180.79 182.53 21.19 23.30 11.57 (2.11) 0.73 0.16 0.573 SELL BUY
APPLE INC 178.65 0.21 180.24 178.07 170.47 176.36 182.25 58.00 178.04 171.35 172.45 29.91 21.31 15.80 8.59 2.55 2.32 0.235 BUY BUY
ALIBABA GRP-ADR 199.06 6.50 201.50 196.52 179.38 188.40 197.42 61.81 188.83 186.25 188.25 31.92 21.89 12.00 10.03 1.81 0.70 1.114 BUY BUY
INTERPRETATION OF TECHNICAL INDICATORS:
Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when
share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price
touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band.
14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-
day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply
further near-term downside risk.
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share
price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it
breaches below this level.
Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a
negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+
crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the
trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend.
Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day
EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the
MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero.
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19-Mar-18
Stock REC BUY 16-Mar-18 Change Upside Targets % Upside
Date Price Price (+/-) pct ST MT LT ST MT LT
AIG 25-May 62.60 54.66 (7.94) (12.68) 57.93 60.17 62.95 5.98 10.08 15.17
ALIBABA 3-Nov 98.51 199.06 100.55 102.07 212.50 222.83 233.15 6.75 11.94 17.13
ALIBABA 7-Dec 90.40 199.06 108.66 120.20 212.50 222.83 233.15 6.75 11.94 17.13
ALIBABA 21-Mar 107.25 199.06 91.81 85.60 212.50 222.83 233.15 6.75 11.94 17.13
AMERICAN EXPRESS 21-Oct 66.78 94.39 27.61 41.34 106.45 113.09 118.46 12.78 19.81 25.50
APPLE INC 12-Oct 116.30 178.65 62.35 53.61 179.34 188.25 195.45 0.39 5.37 9.40
APPLE INC 15-Nov 105.71 178.65 72.94 69.00 179.34 188.25 195.45 0.39 5.37 9.40
APPLE INC 9-May 153.01 178.65 25.64 16.76 179.34 188.25 195.45 0.39 5.37 9.40
APPLE INC 2-Aug 150.05 178.65 28.60 19.06 179.34 188.25 195.45 0.39 5.37 9.40
APPLE INC 21-Sep 156.07 178.65 22.58 14.47 179.34 188.25 195.45 0.39 5.37 9.40
APPLE INC 27-Sep 153.14 178.65 25.51 16.66 179.34 188.25 195.45 0.39 5.37 9.40
AT&T INC 26-Oct 33.49 37.04 3.55 10.60 40.84 43.89 46.93 10.26 18.49 26.70
AT&T INC 13-Dec 38.10 37.04 (1.06) (2.78) 40.84 43.89 46.93 10.26 18.49 26.70
AT&T INC 9-Jan 38.25 37.04 (1.21) (3.16) 40.84 43.89 46.93 10.26 18.49 26.70
AT&T INC 14-Mar 37.39 37.04 (0.35) (0.94) 40.84 43.89 46.93 10.26 18.49 26.70
BANK OF AMERICA 5-Jan 22.95 32.10 9.15 39.87 34.08 35.96 37.84 6.17 12.02 17.88
BANK OF AMERICA 18-Apr 22.81 32.10 9.29 40.73 34.08 35.96 37.84 6.17 12.02 17.88
BANK OF AMERICA 19-Sep 24.70 32.10 7.40 29.96 34.08 35.96 37.84 6.17 12.02 17.88
BANK OF AMERICA 15-Nov 26.24 32.10 5.86 22.33 34.08 35.96 37.84 6.17 12.02 17.88
BP PLC 30-Nov 33.52 39.03 5.51 16.44 40.46 44.61 48.76 3.66 14.30 24.93
BP PLC 9-Mar 33.31 39.03 5.72 17.17 40.46 44.61 48.76 3.66 14.30 24.93
BP PLC 14-Sep 35.99 39.03 3.04 8.45 40.46 44.61 48.76 3.66 14.30 24.93
BP PLC 8-Feb 40.00 39.03 (0.97) (2.43) 40.46 44.61 48.76 3.66 14.30 24.93
CHEVRON CORP 2-Aug 99.11 115.58 16.47 16.62 120.03 133.85 147.60 3.85 15.81 27.70
CHEVRON CORP 20-Jul 104.46 115.58 11.12 10.65 120.03 133.85 147.60 3.85 15.81 27.70
CHEVRON CORP 7-Nov 117.04 115.58 (1.46) (1.25) 120.03 133.85 147.60 3.85 15.81 27.70
CHEVRON CORP 14-Feb 113.29 115.58 2.29 2.02 120.03 133.85 147.60 3.85 15.81 27.70
CISCO SYSTEMS 16-May 34.23 45.33 11.10 32.43 46.07 47.90 50.85 1.63 5.67 12.18
CITIGROUP 14-Jun 43.16 73.34 30.18 69.93 82.21 85.12 88.73 12.09 16.06 20.98
CITIGROUP 20-Sep 46.59 73.34 26.75 57.42 82.21 85.12 88.73 12.09 16.06 20.98
CITIGROUP 11-Oct 49.55 73.34 23.79 48.01 82.21 85.12 88.73 12.09 16.06 20.98
CITIGROUP 19-Jan 57.39 73.34 15.95 27.79 82.21 85.12 88.73 12.09 16.06 20.98
CITIGROUP 6-Jul 68.45 73.34 4.89 7.14 82.21 85.12 88.73 12.09 16.06 20.98
CITIGROUP 13-Sep 68.79 73.34 4.55 6.61 82.21 85.12 88.73 12.09 16.06 20.98
COCA-COLA 8-Jun 45.32 43.67 (1.65) (3.64) 49.62 51.16 52.41 13.62 17.15 20.01
COCA-COLA 29-Nov 41.75 43.67 1.92 4.60 49.62 51.16 52.41 13.62 17.15 20.01
COCA-COLA 18-Jan 46.82 43.67 (3.15) (6.73) 49.62 51.16 52.41 13.62 17.15 20.01
COCA-COLA 27-Feb 44.03 43.67 (0.36) (0.82) 49.62 51.16 52.41 13.62 17.15 20.01
EXXOM MOBIL 27-Jul 80.37 74.42 (5.95) (7.40) 83.55 86.38 95.55 12.27 16.07 28.39
EXXOM MOBIL 16-Nov 81.21 74.42 (6.79) (8.36) 83.55 86.38 95.55 12.27 16.07 28.39
EXXOM MOBIL 7-Feb 78.35 74.42 (3.93) (5.02) 83.55 86.38 95.55 12.27 16.07 28.39
FACEBOOK 11-May 150.29 183.86 33.57 22.34 200.34 211.14 219.88 8.96 14.84 19.59
FACEBOOK 13-Jul 158.90 183.86 24.96 15.71 200.34 211.14 219.88 8.96 14.84 19.59
GENERAL ELECTRIC 5-Dec 17.76 14.36 (3.40) (19.14) 15.80 19.27 21.43 10.03 34.19 49.23
HOME DEPOT 8-Mar 178.58 178.07 (0.51) (0.29) 186.74 194.73 207.60 4.87 9.36 16.58
IBM CORP 19-Jul 154.00 159.61 5.61 3.64 162.64 167.24 182.79 1.90 4.78 14.52
INTEL CORP 30-Aug 34.73 50.88 16.15 46.50 55.26 57.62 59.97 8.61 13.25 17.87
JOHNSON & JOHNSON 19-Apr 121.82 133.06 11.24 9.23 139.11 148.28 157.45 4.55 11.44 18.33
JOHNSON & JOHNSON 6-Feb 130.39 133.06 2.67 2.05 139.11 148.28 157.45 4.55 11.44 18.33
JPMORGAN CHASE 22-Jun 87.12 115.24 28.12 32.28 124.32 133.43 137.51 7.88 15.78 19.32
LAS VEGAS 7-Feb 51.98 74.77 22.79 43.84 78.57 87.33 92.76 5.08 16.80 24.06
LAS VEGAS 3-May 59.19 74.77 15.58 26.32 78.57 87.33 92.76 5.08 16.80 24.06
LAS VEGAS 7-Sep 63.26 74.77 11.51 18.19 78.57 87.33 92.76 5.08 16.80 24.06
LAS VEGAS 21-Nov 67.08 74.77 7.69 11.46 78.57 87.33 92.76 5.08 16.80 24.06
MERCK & CO 23-Mar 63.50 55.25 (8.25) (12.99) 59.69 62.37 66.80 8.04 12.89 20.90
MERCK & CO 25-Apr 62.14 55.25 (6.89) (11.09) 59.69 62.37 66.80 8.04 12.89 20.90
MERCK & CO 28-Nov 54.93 55.25 0.32 0.58 59.69 62.37 66.80 8.04 12.89 20.90
MERCK & CO 31-Oct 54.71 55.25 0.54 0.99 59.69 62.37 66.80 8.04 12.89 20.90
MERCK & CO 27-Dec 56.34 55.25 (1.09) (1.93) 59.69 62.37 66.80 8.04 12.89 20.90
MERCK & CO 28-Feb 54.72 55.25 0.53 0.97 59.69 62.37 66.80 8.04 12.89 20.90
MICROSOFT 11-Jul 69.98 94.18 24.20 34.58 100.77 105.28 109.78 7.00 11.79 16.56
MORGAN STANLEY 1-Jun 41.74 57.22 15.48 37.09 58.70 61.74 68.54 2.59 7.90 19.78
MORGAN STANLEY 3-Oct 48.92 57.22 8.30 16.97 58.70 61.74 68.54 2.59 7.90 19.78
NIKE INC 4-Apr 55.56 66.39 10.83 19.49 72.72 75.52 80.05 9.53 13.75 20.58
NIKE INC 17-Aug 58.54 66.39 7.85 13.41 72.72 75.52 80.05 9.53 13.75 20.58
NIKE INC 4-Oct 51.47 66.39 14.92 28.99 72.72 75.52 80.05 9.53 13.75 20.58
PFIZER INC 28-Mar 34.18 36.58 2.40 7.02 39.12 40.22 41.11 6.94 9.95 12.38
PFIZER INC 20-Apr 33.61 36.58 2.97 8.84 39.12 40.22 41.11 6.94 9.95 12.38
PFIZER INC 23-Aug 33.15 36.58 3.43 10.35 39.12 40.22 41.11 6.94 9.95 12.38
PFIZER INC 17-Jan 36.60 36.58 (0.02) (0.05) 39.12 40.22 41.11 6.94 9.95 12.38
PROCTER & GAMBLE 25-Oct 86.98 78.67 (8.31) (9.55) 84.20 88.19 94.64 7.03 12.10 20.30
PROCTER & GAMBLE 24-Jan 88.31 78.67 (9.64) (10.92) 84.20 88.19 94.64 7.03 12.10 20.30
UNITEDHEALTH 19-Oct 205.23 229.48 24.25 11.82 252.03 262.48 279.38 9.83 14.38 21.74
UNITED TECH CORP 3-Aug 120.35 129.25 8.90 7.40 147.16 153.02 157.75 13.86 18.39 22.05
UNITED TECH CORP 6-Sep 111.21 129.25 18.04 16.22 147.16 153.02 157.75 13.86 18.39 22.05
VERIZON 14-Nov 44.75 48.29 3.54 7.91 56.95 61.45 64.12 17.93 27.25 32.78
VERIZON 22-Feb 47.96 48.29 0.33 0.69 56.95 61.45 64.12 17.93 27.25 32.78
VISA 28-Dec 114.02 123.41 9.39 8.24 129.83 134.50 139.16 5.20 8.99 12.76
WALT DISNEY 18-May 106.31 103.24 (3.07) (2.89) 116.10 122.18 125.94 12.46 18.35 21.99
WALT DISNEY 17-Oct 98.13 103.24 5.11 5.21 116.10 122.18 125.94 12.46 18.35 21.99
WALT DISNEY 13-Feb 103.39 103.24 (0.15) (0.15) 116.10 122.18 125.94 12.46 18.35 21.99
WALT DISNEY 1-Mar 103.16 103.24 0.08 0.08 116.10 122.18 125.94 12.46 18.35 21.99
WAL-MART 21-Feb 94.11 87.51 (6.60) (7.01) 99.43 100.75 102.95 13.62 15.13 17.64
WELLS FARGO 23-May 53.01 56.83 3.82 7.21 60.80 65.84 70.88 6.99 15.85 24.72
VISA INC* = Share price adjusted for 1-to-4 stock split on 19/03/2015.
* The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision
** Upside Targets are derived from the subsequent Fibonacci Projection levels
The above table is a performance summary of our top BUY recommendations from JUNE 2016 to current (sorted by name) together with upside targets, which are taken from
subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date.
Interpretation:
Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value
indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold.
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this
document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
As of Monday, March 19, 2018, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report:
(a) nil
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