Weekly Report-

Sorry for not posting lately...
OSK Investment Bank(Alor Star) are now having a booth promotion at Star Parade(Pacific) until this coming Sunday. Account opening is free.

lately life hav been very busy...
so we will see... i will try my best to update everyone with the latest news.

Market Preview Report-28/5/2008(8.40am)

After Market (27/5/2008)

The Market was only up for 0.87 points yesterday althugh i was predicting a rise of about7-8 points that day. However the futures do come up a little bit(6points).

Dow Jones also rebound like what i had said earlier, DJ was up for 68.72 points this morning(Malaysia time)
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Market preview...
today the market should be up again...cash should be closing at about 1275-1280.
while the futures should be closing at about 1273-1278.

Market Preview Report-27/5/2008(9.40am)

Sorry for the late update was having some problem with the PC justnow.

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After Market report(26/5/2008):

The market end at 1273.37. Down only for a single point.
And the market confident continue to fall with futures drop for 9 points to 1261.
(like what was predicted earlier)
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Market Preview(27/5/2008)

The market had reopen justnow in the morning currently at about 1275.
I predict the market will end at about 1278-1280.
While futures close at about 7-8 points discount from the Cash market.

*Tonight the Dow Jones and NYSE should also have a small rebound.

Actually the Malaysian Market's fundamental are quite strong and stable.
But not the politic... as long as the politician keep their mouth shut, we should have another one or two great week ahead of us.

Usually after a long weekend the US market will have a small rebound(not evertimes though, just more likely nia).
With Oil price staystable for the weekend and on monday, the US market should have a small rebound i predict.

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Oil price rise also mean CPO(Crude Palm Oil) rise!

Every body should understand that there're very high potential that the CPO will be use as a subtitube for crude oil. Oil now trade at 132.00USD. And the CPO Also rise to RM3700 per metric tonnes yesterday!

So the plantation counters like KLK, BKAWAN, IOI, SIME... Are likely to be a good counter to buy now.

Market Preview-26/5/2008(7.45am)

Reason for a Bearish market?:

1) Regional markets are not looking so good right now.
-today is a public Memorial Day in US and Spring Bank Day in UK. So both market wont betraded today. And that male a lot of people sell their stock b4 the weekend.
-Oil Price still remain quite high.
-The mining industry turn bad(Europe)
-The Consumer confident and property's value are relative low report say(US)

2)Technical Report
-Most technical report show that it is going to continue a slow downtrend today.

3)Local politic
-There's still not any good news that unify and strengthen the public and foreign investors.


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Reason to bull?

1) the suddenly down turn on Friday's trading
is mostly cost by people lack of confident on the market over the weekend.
however... nothing bad actually happened.
And in Economy nothing bad happened, means something good happen.
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Many speculate the market to continue a huge bearish market. But i think the market are likely to remain unchange while the futures are heading a little bit more bearish(cause the market's confident are very very low now.).

The fundamental of malaysia stock remain unchange actually. Only the external actor that cause all this.

Genting now trading at 5.95 should be a good stock to hold.
Apple-C1 trading at 3cent are also anothoer good choice(short term... should hit 4.5 cents in near futures!

After Market Report-25/5/2008(2.00pm)

Sorry for the late update... Was kind of busy last couple days.

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22-5-2008 after market

haha... Very chun me!!! Both Cash market and Futures close at 1277 point that day.
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23-5-2008 After Market

Early in the day the market was relatively good however
the market ended 1274.

While FKLI-May end at 1270.

Same old story on every friday... drop at the last hour. Cause the market confident is still very low.
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On friday Us market go down even more.... -145.99! More bad news u bet.
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like this first... update u more later.... a little bit tired now..

Market Report-22/5/2008(8.25am)

Yesterday

The Market close on 1281, while Futures close on 1287. With 6points premium? I dont know why, but it should be looking like that(in my oppinion).

While the local and global market both looking bad at the moment the Market's Futures should be at discount compare to KLCI. A simple fact that the market should not have enoough confindent to risk so much over the night specially those who long(buying a futures contract up).

I had all my client short(buying a futures contract down) it at 1286. So for now we only have to wait and see.

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Market preview

As i mention abovei am the Futures to turn discount some times later today, if not tomorrow. So i am expecting the futuresmarket to trade around 1277 at the moment.

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Oil

Remain a huge influence on the market. The Oil price had now rise to 134.30! Opps...

look like most market is going to hit another low!

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Foreign Market

Dow Jones down 227

Nikkei down 230

Singapore not trading yet

all tyhe best to all trader out there

Market Preview Report-21/5/2008(8.25am)

Oil Price continue to rally to USD129.00!!!

This has hit the market everywhere. Because most of the company are likely to have a cut in their profit due to the rising price of the crude oil. Analyst are expecting the Oil Price to hit US 150.00 with in 6 months time.

Although many regard the economy will be at unstable state, but the truth about market is that the money wont go away. If you lose it, it will be a simple theory of someone else earn it. Same thing when u make profit.

So in the coming months, most of the company profit will be affected by the movement of the Oil price. However this also mean that energy, oil, plantation, nueclear, oil subtitube tech(like solar, wind...) and also plantations will be good choices to hold.

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Yesterday the market was down 13 points to 1287. While Futures down to 1293.5(last review expect it move between 1290-1305). However with most people assume it was Dr. M influence that make a different there.

Well the truth is... that's is not the only reason. With all regional market go down, oil price hit record high (again) Dr M resign, and some bad news from some of the CI company. All contribute to the bear market.

Although so much bad news yesterday, the market remain quite strong actually down only 13 points, compare to 130 points down on the first business day after election.

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So the market today will also turn bear(at least at the begining of the day, as Dow Jones and nikkei all are down right now. And also the oil price hit 129.00.

this might also contribute to a littlle growth for the CPO price.

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GTG man take care