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Hot Sector – Will the rally in Plantation stocks continue as CPO price hits five-month high?

Thu 24 Jan 2019

Malaysian palm oil futures rose to their highest in nearly five months yesterday charting a fourth day of gains, on a weaker ringgit and tracking gains in U.S. soy oil on the Chicago Board of Trade.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 0.9 percent to 2,283 ringgit ($552.12) a tonne at the close of trade. Continue reading Hot Sector – Will the rally in Plantation stocks continue as CPO price hits five-month high?

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Hot Sector – Seeking shelter in REITS

Wed 23 Jan 2019

With the uncertainties abound in the broad market, equity-based funds may have to seek shelter in either defensive or income-based stocks.

Among the latter, real estate investment trusts (REITS) which pay average dividend per unit of around 6% yearly have been recommended by analysts as viable stocks to hold in the current market environment. Continue reading Hot Sector – Seeking shelter in REITS

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FGV-C63 stole the limelight as underlying rose 11.0% w-o-w

Warrants Commentary (14 to 18 Jan)

Last week, the structured warrants market was still sluggish to fire up in the new year. Weekly warrants turnover came in at RM361.3mil, averaging about RM72.3mil daily. However, last week’s traded value was 3.9% of the broader market, higher than 3.3% in the previous week. Continue reading FGV-C63 stole the limelight as underlying rose 11.0% w-o-w

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Trading – The importance of Position Sizing in your trading system: Part 2

Wed 16 Jan 2019

 

In the first part of this article, we looked at why position sizing can single-handedly give a trader the biggest benefit of being very successful in the long run and some of the methods one can use to optimise the position sizing of trade positions in his portfolio. Continue reading Trading – The importance of Position Sizing in your trading system: Part 2

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Lunch Break Review – 14th Jan 2019

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BURSA MALAYSIA (MON, 14 JAN 2019)

MID-DAY LUNCH BREAK REVIEW

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BRIEF MARKET REVIEW:

The FBM KLCI fell 0.43% at the midday break today, in line with the retreat at most regional markets, following the drop in China’s imports. At mid-day, the FBM KLCI fell 7.28 points to 1,675.94. Losers led gainers by 419 to 266, while 292 counters traded unchanged. Volume was 1.25 billion shares valued at RM552.61 million.

Asia Pacific markets started off the trading week mostly on the back foot as major indexes in South Korea, China, Hong Kong and Singapore tumbled. The market in Japan is closed for a public holiday.

Shares in Asia were lower after Chinese government data showed that December exports and imports fell unexpectedly, deepening concerns of a slowdown in the world’s second-largest economy as Beijing’s trade war with the U.S. appeared to be taking a toll.

 

STOCKS IN THE LIMELIGHT:

TATTT GIAP GROUP BHD (RM0.165, -8.33%)

Dynaciate Engineering Sdn Bhd has emerged as the largest shareholder of Tatt Giap Group Bhd after increasing its stake to 29.74% from 12.95% previously. In a statement on last Friday, Dynaciate said this “further reinforced its commitment” to Tatt Giap’s growth.

Dynaciate had converted 88.4 million irredeemable convertible preference shares (ICPS) into 44.2 million new shares on the basis of one share for every two ICPS, it said in a stock exchange filing.

Dynaciate first emerged in Tatt Giap on Nov 9, 2018 after acquiring the 12.95% stake, comprising 22.1 million shares, at 31 sen per share via direct business transactions.

The stock closed mid-day at RM0.165, down 8.33%, with a high volume of 38.8 million shares traded.

 

SCOMI ENERGY SERVICES BHD (RM0.045, -10.00%)

The Edge Markets reported that Scomi Energy Services Bhd (SESB) shares fell 10% this morning after its board commenced an investigation into the RM64.33 million lent to its parent company Scomi Group Bhd as the advances were made without board approval.

The advances without board approval have dragged SESB into deeper financial trouble as Scomi Group, which holds a 65.64% stake in SESB, has not been able to repay the outstanding amount. The board said that it is currently reviewing the management structure and terminating the shared services arrangement between itself and the parent company, except for certain critical functions.

SESB closed at RM0.045 at mid-day on a high volume of 1.6 million shares traded.

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Prepared by:

Malacca Securities Quantitative Trading and Analytics Division
BO1-A-13A, Level 13A, Menara 2,
No.3, Jalan Bangsar, KL Eco City,
59200 Kuala Lumpur
TEL: 03-2201 2100 (General)

The Quantitative Trading and Analytics Division houses the elite data scientists, programmers and proprietary traders that work the proprietary algorithm trading desk of Malacca Securities. Join and network with us at our elite mPower Algorithm program, mPower Trading program and Elite Education courses.

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