KLCI
Stock markets likely to have technical rebound this week and KLCI might challenge above 1630. May monitor below stocks for short term play:
1. Airasia
2. Perdana
3. Ingress
4. Pos
5. Timecom
6. Dayang
7. Takaful
8. KLCCP
9. MKH
10. Deleum
11. Tebrau
12. Drbhcom
13. Gtronic
14. CMMT
15. Pwroot
FCPO
As expected by yesterday, FCPO (may contract) having technical rebound to 2443 and fell to the lowest of 2395 and closed at 2410. Congratulation to those short at high side.
2440 will be current strong resistant, if this level cannot break through by tomorrow, the next potential target will be 2380.
Wednesday, 27 February 2013
Tuesday, 26 February 2013
Analysis on KLCI and FCPO for 27/02/2013
KLCI
Stock markets likely to have technical rebound this week and KLCI might challenge above 1630. May monitor below stocks for short term play:
1. Pwroot
2. Alam
3. Uoadev
4. Gamuda
5. Canone
6. Klccp
7. Cmmt
8. Cresbld
9. Takaful
10. Eastlnd
11. Deleum
12. Daibochi
13. Pos
14. Tomypak
15. Johotin
FCPO
As anticipated, FCPO May contract drop below RM2440 on 25/02/2013 and closed at 2417. Expect a technical rebound on 27/02/2013. The major trend is still bearish, position trader can look for high side to open short position.
Stock markets likely to have technical rebound this week and KLCI might challenge above 1630. May monitor below stocks for short term play:
1. Pwroot
2. Alam
3. Uoadev
4. Gamuda
5. Canone
6. Klccp
7. Cmmt
8. Cresbld
9. Takaful
10. Eastlnd
11. Deleum
12. Daibochi
13. Pos
14. Tomypak
15. Johotin
FCPO
As anticipated, FCPO May contract drop below RM2440 on 25/02/2013 and closed at 2417. Expect a technical rebound on 27/02/2013. The major trend is still bearish, position trader can look for high side to open short position.
Analysis on KLCI and FCPO for 26/02/2013
KLCIStock markets likely to have technical
rebound this week and KLCI might challenge above 1630. May monitor below stocks
for short term play:
1. Ingress
2. KLCCP
3. Dijacor
4. Pestech
5. Canone
6. Drbhcom
7. Perdana
8. Tambun
9. Uoadev
10. Gamuda
11. Gasmsia
12. Presbhd
13. Johotin
FCPO
As anticipated, FCPO May contract drop below RM2500 on 25/02/2013. FCPO in downtrend now, export no significant pick up, looking forward to test RM2440 soon.
1. Ingress
2. KLCCP
3. Dijacor
4. Pestech
5. Canone
6. Drbhcom
7. Perdana
8. Tambun
9. Uoadev
10. Gamuda
11. Gasmsia
12. Presbhd
13. Johotin
FCPO
As anticipated, FCPO May contract drop below RM2500 on 25/02/2013. FCPO in downtrend now, export no significant pick up, looking forward to test RM2440 soon.
Sunday, 24 February 2013
Personal View on KLCI and FCPO
KLCI
Stock markets likely to have technical rebound this week and KLCI might challenge above 1630. May monitor below stocks for short term play:
1. Tambun
2. Daibochi
3. Uemland
4. Benalec
5. Gamuda
6. Johotin
7. Kianjoo
8. Ingress
9. Maybank
10. P & O
11. Uoadev
FCPO
1. Althought Malaysia government will rise the export tax of cpo from march onwards, however, the export doesnt seem to pick up. Traditionally, December, January and February used to be CPO low production month, however, the stockpile merely drop a little bit.
2. Besides, stockpile in china port also at historical high now, 1.33 million tonne. Thus, china would need to find way to reduce the stockpile also as palm oil products in china are saturated now and facing strong competition from corn oil as well.
3. With lower export, production of cpo going to pick up soon, china need to clear stockpile, all these will cap cpo price with limited upside and probably cause the price lower to stimulate buying interest.
Conclusion: Bearish view on FCPO, and anticipate the price to drop below RM2500 (May Contract) this week.
Stock markets likely to have technical rebound this week and KLCI might challenge above 1630. May monitor below stocks for short term play:
1. Tambun
2. Daibochi
3. Uemland
4. Benalec
5. Gamuda
6. Johotin
7. Kianjoo
8. Ingress
9. Maybank
10. P & O
11. Uoadev
FCPO
1. Althought Malaysia government will rise the export tax of cpo from march onwards, however, the export doesnt seem to pick up. Traditionally, December, January and February used to be CPO low production month, however, the stockpile merely drop a little bit.
2. Besides, stockpile in china port also at historical high now, 1.33 million tonne. Thus, china would need to find way to reduce the stockpile also as palm oil products in china are saturated now and facing strong competition from corn oil as well.
3. With lower export, production of cpo going to pick up soon, china need to clear stockpile, all these will cap cpo price with limited upside and probably cause the price lower to stimulate buying interest.
Conclusion: Bearish view on FCPO, and anticipate the price to drop below RM2500 (May Contract) this week.
Saturday, 16 February 2013
Crude Palm Oil Ends Down as Malaysia Sets 4.5% CPO Export Tax
Malaysia announcing it will raise export taxes on crude palm-oil shipments in
March sent futures on Malaysia’s derivatives exchange lower Friday.
The benchmark April contract at Bursa Malaysia Derivatives ended 0.4% lower at 2,486 ringgit a metric ton after moving in a MYR2,476-MYR2,521/ton range.
In a circular issued Friday the government said it will set CPO export duties at 4.5% in March after two consecutive months of no duties that boosted crude shipments from Malaysia and helped to ease stockpiles.
Data from cargo surveyor Intertek Agri Services showed that crude shipments have doubled in the first 15 days of February to 229,610 tons as a result of an export-tax advantage Malaysian exporters had over top producer Indonesia. Overall Feb. 1-15 shipments rose 18% from the previous month to 673,555 tons, Intertek said. Another surveyor, SGS (Malaysia) Bhd., pegged shipments for the period at 649,045 tons–up 14%.
Indonesia set February CPO duties at 9% from 7.5% previously.
"CPO exports in March are likely to be much lower due to the 4.5% tax rate and Indian importers have bought quite a fair bit in January. Palm oil port stocks at Indian ports are also filing up–so we expect buying to slow down soon," said Chandran Sinnasamy, head trader at Kuala Lumpur-based LT International.
Palm oil's bearish technical cues and improving crop weather in parts of Argentina and Brazil added to the weaker tone in palm oil. Palm oil is a direct substitute of soy oil.
"Palm oil values have traded in the MYR2,217-MYR2,615/ton range the past four months and bullish traders failed to take prices past MYR2,615/ton for the technical landscape to turn convincingly bullish. Therefore, I believe prices are poised to ease back to MYR2,400/ton in the short term," Mr. Sinnasamy said.
In the cash market refined palm olein for February was offered at $850/ton while cash CPO for prompt shipment was offered at MYR2440/ton.
Open interest on the BMD was 170,163 lots versus 174,821 lots Thursday. One lot is equivalent to 25 tons.
A total of 28,733 lots of CPO were traded versus 20,263 lots Thursday.
The benchmark April contract at Bursa Malaysia Derivatives ended 0.4% lower at 2,486 ringgit a metric ton after moving in a MYR2,476-MYR2,521/ton range.
In a circular issued Friday the government said it will set CPO export duties at 4.5% in March after two consecutive months of no duties that boosted crude shipments from Malaysia and helped to ease stockpiles.
Data from cargo surveyor Intertek Agri Services showed that crude shipments have doubled in the first 15 days of February to 229,610 tons as a result of an export-tax advantage Malaysian exporters had over top producer Indonesia. Overall Feb. 1-15 shipments rose 18% from the previous month to 673,555 tons, Intertek said. Another surveyor, SGS (Malaysia) Bhd., pegged shipments for the period at 649,045 tons–up 14%.
Indonesia set February CPO duties at 9% from 7.5% previously.
"CPO exports in March are likely to be much lower due to the 4.5% tax rate and Indian importers have bought quite a fair bit in January. Palm oil port stocks at Indian ports are also filing up–so we expect buying to slow down soon," said Chandran Sinnasamy, head trader at Kuala Lumpur-based LT International.
Palm oil's bearish technical cues and improving crop weather in parts of Argentina and Brazil added to the weaker tone in palm oil. Palm oil is a direct substitute of soy oil.
"Palm oil values have traded in the MYR2,217-MYR2,615/ton range the past four months and bullish traders failed to take prices past MYR2,615/ton for the technical landscape to turn convincingly bullish. Therefore, I believe prices are poised to ease back to MYR2,400/ton in the short term," Mr. Sinnasamy said.
In the cash market refined palm olein for February was offered at $850/ton while cash CPO for prompt shipment was offered at MYR2440/ton.
Open interest on the BMD was 170,163 lots versus 174,821 lots Thursday. One lot is equivalent to 25 tons.
A total of 28,733 lots of CPO were traded versus 20,263 lots Thursday.
Friday, 15 February 2013
18/02/2013 Stock List
| No | Counters | Entry Price | Result |
| 1 | KPJ | 5.98 | |
| 2 | Harta | 4.93 | |
| 3 | Mahsing | 2.41 | |
| 4 | Tadmax | 0.285 | |
| 5 | L&G | 0.42 | |
| 6 | Faber | 1.45 | |
| 7 | KLCCP | 6.21 | |
| 8 | P&O | 1.36 | |
| 9 | Orient | 8.52 | |
| 10 | Pesona | 0.23 | |
| 11 | Allianz | 7.56 | |
| 12 | |||
| 13 | |||
| 14 | |||
| 15 |
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