Thursday, April 28, 2016

Price action states otherwise.... 

FKLI: A pause in an uptrend....

Tuesday, April 26, 2016

1MDB Says It's in Default After Missing Interest Payment
2016-04-26 01:32:23.129 GMT

By Shamim Adam
    (Bloomberg) -- 1Malaysia Development Bhd. said it didn't pay $50 million of interest on a $1.75 billion bond amid a dispute with Abu Dhabi's sovereign wealth fund on who should be making the payment.
    The company said it's withholding an interest payment because Abu Dhabi's International Petroleum Investment Co., which is the co-guarantor of the bonds maturing in 2022, hadn't met the obligation either, according to an e-mailed statement ahead of a deadline on Monday night in New York.
    "Whilst 1MDB has the funds to have made the interest payment, it is 1MDB's position, as a matter of principle, that it was IPIC's obligation to do so," the company said. "Until IPIC accepts that all obligations have been met, 1MDB is obliged to withhold payments and will seek legal recourse and resolution."

Monday, April 25, 2016

To all the Heroes....

Saturday, April 23, 2016

Friday, April 22, 2016

Quiet market, the traders are complaining.... However a nice downtrend...

A beautiful up trend in Soybeans....

Wednesday, April 20, 2016

Textbook inverted head and shoulders formation on AAX

AAX closes high, going into parabolic mode....

AAX, well it is a stellar performer for us so far in 2016....

To recap on our Buy call in January....

Monday, April 18, 2016

Nice FCPO uptrend.....

AAX our stock pick for 2016, on the next leg up....

Friday, April 15, 2016

BIMB

 By Asia Analytica / The Edge Financial Daily   | April 14, 2016 : 10:45 AM MYT    

This article first appeared in The Edge Financial Daily, on April 14, 2016.

 

BIMB Holdings Bhd (+ve)

SHARES of BIMB Holdings Bhd (Fundamental: 2.7/3, Valuation: 1.75/3) triggered our momentum algorithm with 5.18 million shares being traded, as compared to its 200-days average volume of 564,690 shares. The share price rose 9 sen or 2.34% to close at RM3.93 yesterday, after reaching its intra-day high of RM4.

The syariah-compliant financial services provider for Islamic banking, takaful and stockbroking saw interest in its shares increased despite the lack of new announcement. The share price has rebounded after dropping to its one-year low at RM3.17 on Feb 3. Compared to its low on Feb 3, the share price has surged by 21.3% as of yesterday.

BIMB's fourth quarter financial year ended Dec 31, 2015 (4QFY15) saw an increase of 5.17% in net profit to RM161.9 million from RM153.9 million in the same corresponding period a year ago. The group's revenue rose 16.12% to RM884.3 million in the 4QFY15 from RM761.5 million in 4QFY14.

The better performance for the quarter was mainly due to higher income derived from investment of depositors and shareholders' fund as well as higher net income from its Takaful business.

For the full financial year 2015 (FY15), its net profit grew 2.81% to RM547.28 million from RM532.33 million in FY14 while revenue improved 11.45% to RM3.31 billion from RM2.97 billion in FY14.

On its prospect for FY16, BIMB said that Bank Islam will continuously focus on preserving capital, robust liability management and safeguarding asset quality while constantly drive earnings stability.

At its current price, BIMB is trading at a trailing P/E ratio of 11.06 times with a market capitalisation of RM6.32 billion and is 1.82 times its book value. The group also has a dividend indicated gross yield of 3.07%.

BIMB

 By Asia Analytica / The Edge Financial Daily   | April 14, 2016 : 10:45 AM MYT    

This article first appeared in The Edge Financial Daily, on April 14, 2016.

 

BIMB Holdings Bhd (+ve)

SHARES of BIMB Holdings Bhd (Fundamental: 2.7/3, Valuation: 1.75/3) triggered our momentum algorithm with 5.18 million shares being traded, as compared to its 200-days average volume of 564,690 shares. The share price rose 9 sen or 2.34% to close at RM3.93 yesterday, after reaching its intra-day high of RM4.

The syariah-compliant financial services provider for Islamic banking, takaful and stockbroking saw interest in its shares increased despite the lack of new announcement. The share price has rebounded after dropping to its one-year low at RM3.17 on Feb 3. Compared to its low on Feb 3, the share price has surged by 21.3% as of yesterday.

BIMB's fourth quarter financial year ended Dec 31, 2015 (4QFY15) saw an increase of 5.17% in net profit to RM161.9 million from RM153.9 million in the same corresponding period a year ago. The group's revenue rose 16.12% to RM884.3 million in the 4QFY15 from RM761.5 million in 4QFY14.

The better performance for the quarter was mainly due to higher income derived from investment of depositors and shareholders' fund as well as higher net income from its Takaful business.

For the full financial year 2015 (FY15), its net profit grew 2.81% to RM547.28 million from RM532.33 million in FY14 while revenue improved 11.45% to RM3.31 billion from RM2.97 billion in FY14.

On its prospect for FY16, BIMB said that Bank Islam will continuously focus on preserving capital, robust liability management and safeguarding asset quality while constantly drive earnings stability.

At its current price, BIMB is trading at a trailing P/E ratio of 11.06 times with a market capitalisation of RM6.32 billion and is 1.82 times its book value. The group also has a dividend indicated gross yield of 3.07%.

Thursday, April 14, 2016

Nice up trend in Soybeans....

USDMYR hit 3.85 yesterday..... 3.80 support

Monday, April 11, 2016

Time for a HSI futures contract on Bursamalaysia Derivatives....

Friday, April 08, 2016

More up now....

Fkli, more to the downside today......

Thursday, April 07, 2016

Fkli upteend?

Tuesday, April 05, 2016

Foreign buying seen as ringgit takes centre stage | The Edge Markets

http://www.theedgemarkets.com/my/article/foreign-buying-seen-ringgit-takes-centre-stage#.VwL2AwksScw.twitter


"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

fcpo.blogspot.com

THE END OF AN ERA

From Dragons and Bulls by Stanley Kroll
Intro and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet/a>
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system