Market Preview Report-8/7/2008(7.25am)

After Market- 07/07/2008

The Market Close 6 points lower than last Friday(now at 1127.26). However the FKLI futures are up 9 points(from 1110 to 1119). This had close down the gap between the Cash market and futures from 25 points to less than 10 points.

This happened because the futures market are expecting the cash market to go down even further. The oil price drop, the protest in KL was a peaceful one, and politic although had been quite interesting last week but what happened only weaken Our Former DPM Anwar Ibrahim and Current DPM Najib. In another words it actually strengthen our current PM's position in the nation(this should be good sign for the short term market out look).

Dow Jones futures was up 28 points when the KLCI close yesterday.
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Market Preview- 8/7/2008

Politic-
Malaysian politic had been a bit quiet for the last 2 days. I suppose this is a good news, how ever you should be careful as some of our politicians are always hunger for attention. They will sure to find a way to surprise you....

Regional Market-
Dow Jones was down 56 points. It was up over 110 points in the morning(US time), however it turn red after lunch to the lowest -168.(it was a little bit wild in the US market last night).

Crude Oil-
Crude Oil price is very low now, USD141.00 Per Barrel(compare to 146 the other day).

Todays market.

I am expecting Malaysian market to be weaken at the begining today and then rebound a little bit before or after lunch hour. However what happen after 3pm that's nothing yet i can say.

Advise; long at the begining and then sell at strength(for short term)
for long term investment you can try to sell when the market rebound(the market should stay bearish for the rest of the month)

Coming again soon...

had been bz with EURO 2008... and some traveling lately....

but i am back. will start updating the blog on daily basic very soon.(tomorrow.) thanks

Market Preview Report-03/06/2008

After Market(02/06/2008)


The market was down for 13 points closing at 1262.
Regional market was doing great , all was up except for Korea and Singapore that turn down at the late market.

Dow Jone was down for 134.50! And Most of the European Index turn 'red' yesterday as well.
Due to slide in banking industry again.

In US... Morgan Stanley, Merill Lynch, Wachovia... all contribute to the down turn as S&P cut their rate on these companies.

In Europe... HBOS, Bradford and Bingley... all turn bad as Bradford & Bingley Plc said it will raise capital, reviving concern credit losses are spreading.

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Market Preview(03/06/2008)


To bear?

1) Bad Regional Market...
US down... Almost all Europe down...

2) Palm Oil Likely to move side way or a little bit down turn...
(as technical and crude oil remain stable at 126-127 ISD per barrel)

3)

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!