weekly KLSE Outlook 14/4/16

Weekly KLSE info:

1.       Weekly Market Outlook

Ø  Based on the chart, FBM KLCI is very bullish, as the index was stay above SMA200 Days

Ø  FBMKLCI index is expected to stay above the key 1,720 level

Ø  US markets Jumped over 1% overnight led, after release of JP morgan’s quatery results and growing china export data.

Ø  Thus, we believe the index to break 1727 points by this week with the support of following positive date:

ü  bullish performance in US ,

ü  bullish performance in Europe

ü  Encouraging China trade data.

2.       Weekly KLSE Industry Outlook

Date: 14/4/16

Bullish Industries:

1.       Construction

2.       Consumer

3.       Finance

4.       Industrial

5.       Plantation

6.       Properties

7.       Trade and Service

Industries to Avoid:

1.       Ind/Prod

2.       Mining

3.       Technology

3.       Weekly Market Money Flow

Bursa Malaysia Trade Statistic as per – 13/4/2016

Participant	Bought (RM)m	Sold (RM)m	Net (RM)m
Local Institutions	1,193.8	1,299.3	-105.5
Local Retail	333.1	331	2.2
Foreign	536.2	432.9	103.3
Total	2,063.2	2,063.2	0.0

Ø  According to Bursa Malaysia Chairman, Tan Sri Amirsham A Aziz , foreign fund are back to Malaysia Equities , with the total net inflows of RM5.6billion for three months to March 2016.

Ø  Currently, foreign Shareholdings were accounted for 23% of Malaysia Market Capitalization, which is RM1.7 trillion as at the end of March.

Ø  Foreign Fund had break the record in Net Buy Malaysia Equities, as from year 2008 financial crisis. Thus We believe foreign shareholders will not huge selling Malaysia equities in short term.

5.       Coming quarter result Announcement Date

Company	Expected Announcement Date
CMMT	15-Apr-2016
NESTLE	20-Apr-2016
TWRREIT	20-Apr-2016
AEONCR	20-Apr-2016
PBBANK	20-Apr-2016
AXREIT	20-Apr-2016
KLCC	21-Apr-2016
HLIND	21-Apr-2016
BURSA	22-Apr-2016
TAS	23-Apr-2016
SWSCAP	23-Apr-2016
GADANG	23-Apr-2016
KAF	23-Apr-2016
EUPE	23-Apr-2016
PAVREIT	23-Apr-2016
ATRIUM	23-Apr-2016
CCB	23-Apr-2016
SCH	23-Apr-2016
WZSATU	23-Apr-2016

6.       Recent Price Target By Financial Institution:

      Kenanga:

Date	Company	Price Call	Target
13-Apr-2016	PIE	BUY	14.550
13-Apr-2016	GAB	BUY	16.900
13-Apr-2016	BJAUTO	BUY	2.410
13-Apr-2016	AXIATA	HOLD	6.150
11-Apr-2016	PIE	BUY	14.550
11-Apr-2016	FGV	SELL	1.280

Maybank:

Date	Company	Price call	Target
13-Apr-2016	GAB	BUY	15.200
12-Apr-2016	QL	HOLD	4.200
11-Apr-2016	FGV	SELL	1.300
11-Apr-2016	KPJ	HOLD	4.600

HLG:

Date	Company	Price Call	Target
11-Apr-2016	SASBADI	BUY	1.550
11-Apr-2016	DRBHCOM	HOLD	1.050
12-Apr-2016	EDGENTA	BUY	4.320
12-Apr-2016	WCT	BUY	2.150
12-Apr-2016	SALCON	BUY	0.840
13-Apr-2016	GAB	BUY	15.680

Public Bank:

Date	Company	Price Call	Target
13-Apr-2016	BJAUTO	BUY	2.580
13-Apr-2016	AXIATA	HOLD	6.300
12-Apr-2016	QL	HOLD	4.410
11-Apr-2016	FGV	SELL	1.440
11-Apr-2016	DRBHCOM	BUY	1.390

RHB-OSK:

Date	Company	Price Call	Target
11-Apr-2016	DRBHCOM	BUY	1.300
13-Apr-2016	GAB	BUY	17.000

MIDF:

Date	Company	Price Call	Target
11-Apr-2016	TENAGA	BUY	15.600
11-Apr-2016	FGV	HOLD	1.330

7.       Weekly Stock Watchlist for 2nd week of April : 

1. WTK (4243)

2..Kimlun (5171)

3.Kimlun Wa (5171-WA)

4.LCTH (5092)

5.MITRA (9571)

 ** Please be info that  this blog is not provide any investment advisory service. All the information contained in this blog should be treated for information purposes only. Viewers are advised to fully investigate/study before making any investment.