KLCITraders can monitor below stocks for short
term trade:
1. Ingress
2. TDM
3. Orient
4. Apollo
5. Sendai
6. Shang
7. Scientx
8. Maybulk
9. Huayang
10. Yinson
11. Cresndo
12. Ijmland-wa
13. MBSB-wa
14. Muhibah
15. Multico
Sunday 31 March 2013
Thursday 28 March 2013
Analysis on KLCI for 29/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Adventa
2. Ijmland-wa
3. Shang
4. Gtronic
5. 3A
6. Deleum
7. Scientx
8. Naim
9. Orient
10. Gamuda-WD
11. Muhibah
12. Uoadev
13. Huayang
14. Tambun
15. Pos
Traders can monitor below stocks for short term trade:
1. Adventa
2. Ijmland-wa
3. Shang
4. Gtronic
5. 3A
6. Deleum
7. Scientx
8. Naim
9. Orient
10. Gamuda-WD
11. Muhibah
12. Uoadev
13. Huayang
14. Tambun
15. Pos
Crude Palm Oil Ends Down; Sideways Trade Tipped Friday
Crude palm oil futures on Malaysia’s derivatives exchange end lower Thursday,
reflecting investor concerns about export demand and jitters over the possible
impact of capital controls in Cyprus.
"Prices are likely to trade sideways on Friday as most markets will be closed for Good Friday," a trading executive at a Kuala Lumpur-based brokerage says, who also tips near-term support at MYR2,390/ton and resistance at MYR2,450/ton.
"Palm oil’s overall technical trend is pointed lower so any attempts at taking prices higher will be seen as good selling opportunities," says a Singapore-based physical market broker.
"Prices are likely to trade sideways on Friday as most markets will be closed for Good Friday," a trading executive at a Kuala Lumpur-based brokerage says, who also tips near-term support at MYR2,390/ton and resistance at MYR2,450/ton.
"Palm oil’s overall technical trend is pointed lower so any attempts at taking prices higher will be seen as good selling opportunities," says a Singapore-based physical market broker.
Wednesday 27 March 2013
Analysis on KLCI for 28/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Gamuda-wd
2. Mahsing
3. Scientx
4. Prlexus
5. Haio
6. Shang
7. Shang
8. Uoadev
9. Deleum
10. Maybulk
11. Oldtown
12. Cresndo
13. Orient
14. Huayang
15. Pos
Traders can monitor below stocks for short term trade:
1. Gamuda-wd
2. Mahsing
3. Scientx
4. Prlexus
5. Haio
6. Shang
7. Shang
8. Uoadev
9. Deleum
10. Maybulk
11. Oldtown
12. Cresndo
13. Orient
14. Huayang
15. Pos
Tuesday 26 March 2013
Analysis on KLCI for 27/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Tebrau
2. Kseng
3. Shang
4. DKSH
5. MBSB-wa
6. Takaful
7. Kianjoo
8. Oldtown
9. Ijmland-wa
10. Uoadev
11. Orient
12. Scientx
13. Tambun
14. Pos
15. Presbhd
Traders can monitor below stocks for short term trade:
1. Tebrau
2. Kseng
3. Shang
4. DKSH
5. MBSB-wa
6. Takaful
7. Kianjoo
8. Oldtown
9. Ijmland-wa
10. Uoadev
11. Orient
12. Scientx
13. Tambun
14. Pos
15. Presbhd
Monday 25 March 2013
Analysis on KLCI for 26/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Pos
2. Airasia
3. IHH
4. Yinson
5. Shang
6. Perisai
7. Drbhcom
8. Uoadev
9. Tuneins
10. Bimb
11. Kianjoo
12. Presbhd
13. Takaful
Traders can monitor below stocks for short term trade:
1. Pos
2. Airasia
3. IHH
4. Yinson
5. Shang
6. Perisai
7. Drbhcom
8. Uoadev
9. Tuneins
10. Bimb
11. Kianjoo
12. Presbhd
13. Takaful
Sunday 24 March 2013
Analysis on KLCI for 25/03/2013
KLCI
If FKLI can breakdown below 1620 and resisted on this level, traders can look for short position.
Traders can monitor below stocks for short term trade:
1. Pos
2. Astro
3. Airasia
4.IHH
5. Cap
6. Ijmland
7. Skpetrol
8. Bursa
9. Scientx
10. Orient
If FKLI can breakdown below 1620 and resisted on this level, traders can look for short position.
Traders can monitor below stocks for short term trade:
1. Pos
2. Astro
3. Airasia
4.IHH
5. Cap
6. Ijmland
7. Skpetrol
8. Bursa
9. Scientx
10. Orient
Thursday 21 March 2013
Analysis on KLCI for 22/03/2013
KLCI
If FKLI can breakdown below 1620 and resisted on this level, traders can look for short position.
Traders can monitor below stocks for short term trade:
1. Dayang
2. Tebrau
3. Ijmland-wa
4. KSL
5. Cresndo
6. Oldtown
7. Tnlogis
8. Gamuda-wd
9. MBSB-wa
10. Orient
11. CCM
12. Tuneins
13. Scientx
14. Facbind
15. Favco
If FKLI can breakdown below 1620 and resisted on this level, traders can look for short position.
Traders can monitor below stocks for short term trade:
1. Dayang
2. Tebrau
3. Ijmland-wa
4. KSL
5. Cresndo
6. Oldtown
7. Tnlogis
8. Gamuda-wd
9. MBSB-wa
10. Orient
11. CCM
12. Tuneins
13. Scientx
14. Facbind
15. Favco
CPO Rises to 3-Week High; Supply Fundamentals Underpin
Crude palm-oil futures on Malaysia’s derivatives exchange rose to their
highest in three weeks helped by stronger-than-expected China manufacturing data
and a likely fall in CPO production this month.
The benchmark June contract at Bursa Malaysia Derivatives ended at 2,456 ringgit a metric ton–up 0.6% from Wednesday's close.
Preliminary Chinese manufacturing figures for March, which came out at 51.7 compared with a final score of 50.4 in February. A reading above 50 indicates an expansion in manufacturing activity.
Palm-oil output in Southeast Asia may continue to fall more in March because of seasonal factors and could further ease inventory levels, a trading executive at a foreign commodities brokerage in Singapore said.
Some Asian traders say higher soyoil during Asian hours and technical charts are aiding to the rise in palm oil as well.
"Palm oil's short-term technical indicators have turned long and is targeting MYR2,525/ton-MYR2,550/ton [resistance]" for now, said Chandran Sinnasamy, head dealer at Kuala Lumpur-based LT International.
In the upcoming April-June quarter, however, palm oil could ease from current levels as farmers in South America and India speed up oilseed harvesting rounds, Deutsche Bank analyst Michelle Foong said in a note.
"We continue to see downside risks to CPO…due to expectations of slower CPO exports to India given high inventory of palm-oil stocks at ports and pipelines," Ms. Foong said.
India is the world's biggest consumer of palm oil and gets it from Indonesia and Malaysia.
The benchmark June contract at Bursa Malaysia Derivatives ended at 2,456 ringgit a metric ton–up 0.6% from Wednesday's close.
Preliminary Chinese manufacturing figures for March, which came out at 51.7 compared with a final score of 50.4 in February. A reading above 50 indicates an expansion in manufacturing activity.
Palm-oil output in Southeast Asia may continue to fall more in March because of seasonal factors and could further ease inventory levels, a trading executive at a foreign commodities brokerage in Singapore said.
Some Asian traders say higher soyoil during Asian hours and technical charts are aiding to the rise in palm oil as well.
"Palm oil's short-term technical indicators have turned long and is targeting MYR2,525/ton-MYR2,550/ton [resistance]" for now, said Chandran Sinnasamy, head dealer at Kuala Lumpur-based LT International.
In the upcoming April-June quarter, however, palm oil could ease from current levels as farmers in South America and India speed up oilseed harvesting rounds, Deutsche Bank analyst Michelle Foong said in a note.
"We continue to see downside risks to CPO…due to expectations of slower CPO exports to India given high inventory of palm-oil stocks at ports and pipelines," Ms. Foong said.
India is the world's biggest consumer of palm oil and gets it from Indonesia and Malaysia.
Wednesday 20 March 2013
Analysis on KLCI and FCPO for 21/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Uemland
2. Pos
3. Tebrau
4. Muhibah
5. Gamuda
6. Scientx
7. HDBS
8. Pestech
9. MBSB
10. Drbhcom
11. Tambun
12. Naim
13. Oldtown
14. Uoadev
15. Pwroot
Traders can monitor below stocks for short term trade:
1. Uemland
2. Pos
3. Tebrau
4. Muhibah
5. Gamuda
6. Scientx
7. HDBS
8. Pestech
9. MBSB
10. Drbhcom
11. Tambun
12. Naim
13. Oldtown
14. Uoadev
15. Pwroot
Crude Palm Oil Rises to 1-Week High on Export Demand
Crude palm-oil futures on Malaysia’s derivatives exchange rose to a one-week
high on Wednesday as higher export demand and technicals-driven buying offset
concerns about Cyprus.
Palm-oil prices rose 1.4% earlier to 2,448 ringgit a ton–a level not seen since March 11–after cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd., said March 1-20 shipments showed a monthly gain of 11% and 14%, respectively.
The benchmark June contract at Bursa Malaysia Derivatives ended at MYR2,441/ton–up 1.1% from Tuesday's close.
"Should export demand continue to go up for the rest of March this will help reduce stockpiles [in Malaysia]," a trading executive at a commodities brokerage in Singapore said.
Data from cargo surveyor SGS showed that refined palm olein shipments nearly doubled to 501,177 tons during March 1-20 which helped to offset a 56% drop in crude shipments. CPO shipments are lower after Malaysia set export tax for the crude grade at 4.5% after two consecutive months of zero taxes.
Stockpiles in Malaysia–the world's No. 2 producer–rose to a record 2.63 million tons in December before easing to 2.44 million tons at end-February, according to a March 11 report by industry regulator the Malaysian Palm Oil Board.
The near term technical trend for palm oil is up with upside target tipped at MYR2,467/ton, HLIB Futures said in a weekly technical report.
Palm oil's rally beyond MYR2,467/ton will signify a larger rally with the next resistance at MYR2,500/ton, it said.
Palm-oil prices rose 1.4% earlier to 2,448 ringgit a ton–a level not seen since March 11–after cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd., said March 1-20 shipments showed a monthly gain of 11% and 14%, respectively.
The benchmark June contract at Bursa Malaysia Derivatives ended at MYR2,441/ton–up 1.1% from Tuesday's close.
"Should export demand continue to go up for the rest of March this will help reduce stockpiles [in Malaysia]," a trading executive at a commodities brokerage in Singapore said.
Data from cargo surveyor SGS showed that refined palm olein shipments nearly doubled to 501,177 tons during March 1-20 which helped to offset a 56% drop in crude shipments. CPO shipments are lower after Malaysia set export tax for the crude grade at 4.5% after two consecutive months of zero taxes.
Stockpiles in Malaysia–the world's No. 2 producer–rose to a record 2.63 million tons in December before easing to 2.44 million tons at end-February, according to a March 11 report by industry regulator the Malaysian Palm Oil Board.
The near term technical trend for palm oil is up with upside target tipped at MYR2,467/ton, HLIB Futures said in a weekly technical report.
Palm oil's rally beyond MYR2,467/ton will signify a larger rally with the next resistance at MYR2,500/ton, it said.
Tuesday 19 March 2013
Analysis on KLCI and FCPO for 20/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Takaful
2. Tebrau
3. Muhibah
4. CCM
5. Bimb
6. Tmecom
7. Ibhd
8. Scientx
9. Alam
10. Drbhcom
11. Tambun
12. Boilerm
13. Keuro
14. Facbind
15. LBS
Traders can monitor below stocks for short term trade:
1. Takaful
2. Tebrau
3. Muhibah
4. CCM
5. Bimb
6. Tmecom
7. Ibhd
8. Scientx
9. Alam
10. Drbhcom
11. Tambun
12. Boilerm
13. Keuro
14. Facbind
15. LBS
Crude Palm Oil Ends Higher on Bargain-Hunting
Crude palm oil futures on Malaysia’s derivatives exchange ended higher
Tuesday, as investors looked for bargains after the tropical oil slipped in the
previous session.
The benchmark June contract on Bursa Malaysia Derivatives ended 1.3% higher at 2,415 ringgits a metric ton, after moving in a MYR2,397/ton-MYR2,426/ton band.
"The pullback on Monday spurred some physical buying today," which underpinned palm oil futures, a trading executive at a foreign commodities brokerage said.
The next event on the horizon for palm oil is the March 1-20 export estimate by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd., with shipments likely higher on improving demand from the northern hemisphere as the winter season ended.
Palm oil demand usually falls in winter as the tropical oil tends to cloud and turns jelly-like in cold weather.
While palm oil has recovered some lost ground, any gains in the tropical oil–found in a wide variety of consumer products ranging from soap to chocolate and biscuits–is limited for now, due to a widely-expected bumper soy crop from South America and ample palm oil supply in Southeast Asia.
"Exports could nudge higher in March, but I doubt the numbers will be good enough to ease stockpiles [at the end of March]," a trading executive in Singapore said.
Stockpiles in Malaysia, the world's no. 2 producer, rose to a record 2.63 million tons in December, before easing to 2.44 million tons at end-February, according to a March 11 report by the Malaysian Palm Oil Board, the industry regulator.
The benchmark June contract on Bursa Malaysia Derivatives ended 1.3% higher at 2,415 ringgits a metric ton, after moving in a MYR2,397/ton-MYR2,426/ton band.
"The pullback on Monday spurred some physical buying today," which underpinned palm oil futures, a trading executive at a foreign commodities brokerage said.
The next event on the horizon for palm oil is the March 1-20 export estimate by cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd., with shipments likely higher on improving demand from the northern hemisphere as the winter season ended.
Palm oil demand usually falls in winter as the tropical oil tends to cloud and turns jelly-like in cold weather.
While palm oil has recovered some lost ground, any gains in the tropical oil–found in a wide variety of consumer products ranging from soap to chocolate and biscuits–is limited for now, due to a widely-expected bumper soy crop from South America and ample palm oil supply in Southeast Asia.
"Exports could nudge higher in March, but I doubt the numbers will be good enough to ease stockpiles [at the end of March]," a trading executive in Singapore said.
Stockpiles in Malaysia, the world's no. 2 producer, rose to a record 2.63 million tons in December, before easing to 2.44 million tons at end-February, according to a March 11 report by the Malaysian Palm Oil Board, the industry regulator.
Monday 18 March 2013
Analysis on KLCI and FCPO for 19/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Tebrau
2. KSL
3. Takaful
4. IJM
5. CMSB
6. Kseng
7. Daibochi
8. BHIC
9. Brahims
10. P&O
11. LBS
12. L&G
13. Biosis
FCPO
If the price fall below 2360, the market is favour to short.
Traders can monitor below stocks for short term trade:
1. Tebrau
2. KSL
3. Takaful
4. IJM
5. CMSB
6. Kseng
7. Daibochi
8. BHIC
9. Brahims
10. P&O
11. LBS
12. L&G
13. Biosis
FCPO
If the price fall below 2360, the market is favour to short.
Crude Palm Oil Ends Down on Cyprus Bailout Concern
Crude palm oil futures on Malaysia’s derivatives exchange fell Monday,
joining a selloff hitting oilseed and equities on fears ranging from Cyprus’s
bailout deal to a looming bumper soy crop in South America.
The new benchmark June contract at Bursa Malaysia Derivatives ended 1.3% lower at 2,385 ringgit a metric ton after trading in a range of MYR2,383/ton to MYR2,415/ton.
Palm oil, along with other major commodities, fell after euro-zone finance ministers said there will be a levy on bank depositors in Cyprus to cut the cost of a government bailout.
"The overall technical trend also remains pointed lower for palm oil," said a trading executive at a commodities brokerage.
Demand concern and coming oilseed harvests in India and South America also provided catalysts for declines in palm oil, the executive said.
Some analysts say the Malaysian government's decision to leave the April CPO export tax rate at 4.5% could underpin prices and aid domestic refiners, CIMB Research said.
Refiners "will retain their feedstock cost advantages in the form of lower [domestic] CPO prices" and could further draw down palm oil stockpiles.
The new benchmark June contract at Bursa Malaysia Derivatives ended 1.3% lower at 2,385 ringgit a metric ton after trading in a range of MYR2,383/ton to MYR2,415/ton.
Palm oil, along with other major commodities, fell after euro-zone finance ministers said there will be a levy on bank depositors in Cyprus to cut the cost of a government bailout.
"The overall technical trend also remains pointed lower for palm oil," said a trading executive at a commodities brokerage.
Demand concern and coming oilseed harvests in India and South America also provided catalysts for declines in palm oil, the executive said.
Some analysts say the Malaysian government's decision to leave the April CPO export tax rate at 4.5% could underpin prices and aid domestic refiners, CIMB Research said.
Refiners "will retain their feedstock cost advantages in the form of lower [domestic] CPO prices" and could further draw down palm oil stockpiles.
Friday 15 March 2013
Analysis on KLCI and FCPO for 18/03/2013
KLCI
Our forecast on 12/03/2013 that market will turn unexpectedly happened today, index was dragged down 13.1 points to 1627.64 during matching session. Anywhere, this might be the start of sliding, market might be bearish towards election phoebia and any rebound will be considering as distribution by shark towards retailers. Thus, traders please trade cautiously and do not hold too many stocks.
In the case that market collapse more 100 points due to election effect in coming days, those holding with cash will be the winner after election.
Traders can monitor below stocks for short term trade:
1. KSL
2. Dayang
3.MPHB
4. KLCCP
5. Ijmplnt
6. BIMB
7. Timecom
8. Spsetia
9. Gamuda
10. Bstead
11. Takaful
12. Cresndo
13. Uoadev
14. Pwroot
15. Tebrau
FCPO
FCPO is forming double bottom now, if the price can hold above 2432, market will start to favour in long position
Our forecast on 12/03/2013 that market will turn unexpectedly happened today, index was dragged down 13.1 points to 1627.64 during matching session. Anywhere, this might be the start of sliding, market might be bearish towards election phoebia and any rebound will be considering as distribution by shark towards retailers. Thus, traders please trade cautiously and do not hold too many stocks.
In the case that market collapse more 100 points due to election effect in coming days, those holding with cash will be the winner after election.
Traders can monitor below stocks for short term trade:
1. KSL
2. Dayang
3.MPHB
4. KLCCP
5. Ijmplnt
6. BIMB
7. Timecom
8. Spsetia
9. Gamuda
10. Bstead
11. Takaful
12. Cresndo
13. Uoadev
14. Pwroot
15. Tebrau
FCPO
FCPO is forming double bottom now, if the price can hold above 2432, market will start to favour in long position
Thursday 14 March 2013
Analysis on KLCI and FCPO for 15/03/2013
KLCI
13 and 14 of march are within our expectation, traders are advised to trade cautiously and do not hold too many stocks. Market is bias to downside.
Traders can monitor below stocks for short term trade:
1. Takaful
2. Tebrau
3. Puncak
4. Uemland
5. P&O
6. Tnlogis
7. Ijmplant
8. Myeg
9. HDBS
10. Pwroot
11. Icap
12. Uoadev
13. Ruberex
14. Daibochi
15. Pestech
FCPO
As anticipated, today cpo hit low of 2360. The next target will be 2300. The market favour in short position.
13 and 14 of march are within our expectation, traders are advised to trade cautiously and do not hold too many stocks. Market is bias to downside.
Traders can monitor below stocks for short term trade:
1. Takaful
2. Tebrau
3. Puncak
4. Uemland
5. P&O
6. Tnlogis
7. Ijmplant
8. Myeg
9. HDBS
10. Pwroot
11. Icap
12. Uoadev
13. Ruberex
14. Daibochi
15. Pestech
FCPO
As anticipated, today cpo hit low of 2360. The next target will be 2300. The market favour in short position.
Wednesday 13 March 2013
Analysis on KLCI and FCPO for 14/03/2013
KLCI
As anticipated, stock markets start to retrace, traders please trade with cautious and shouldn't hold too many stocks. Any rebound from now might be considering as distirbution by smart money, be aware not to fall into shark's trap.
Traders can monitor below stocks for short term trade:
1. Bstead
2. Kossan
3. Padini
4. HDBS
5. Takaful
6. Pos
7. DKSH
8. Kenanga
9. Penergy
10. Boilerm
FCPO
The fcpo set to test below 2367 soon. Although it is on seasonal low production of cpo now, however, the low production itself is not enough to offset the low export due to the low demand and over supply of soybean oil and vegetable oil. Unless the price can break above 2467, or else, it is still favour in short position.
As anticipated, stock markets start to retrace, traders please trade with cautious and shouldn't hold too many stocks. Any rebound from now might be considering as distirbution by smart money, be aware not to fall into shark's trap.
Traders can monitor below stocks for short term trade:
1. Bstead
2. Kossan
3. Padini
4. HDBS
5. Takaful
6. Pos
7. DKSH
8. Kenanga
9. Penergy
10. Boilerm
FCPO
The fcpo set to test below 2367 soon. Although it is on seasonal low production of cpo now, however, the low production itself is not enough to offset the low export due to the low demand and over supply of soybean oil and vegetable oil. Unless the price can break above 2467, or else, it is still favour in short position.
Tuesday 12 March 2013
Analysis on KLCI and FCPO for 13/03/2013
KLCI
The stock market upside momentum is reducing and sign of distribution is taking place. Market will likely be volatile in coming days and turn unexpectedly. Traders please be alert and trade cautiously.
Traders can monitor below stocks for short term trade:
1. Dayang
2. Kseng
3. HDBS
4. IBHD
5. Naim
6. Oldtown
7. Pwroot
8. Cresndo
9. Tnlogis
10. Tuneins
11. Perdana
12. Penergy
13. Padini
14. Annjoo
15. Scientx
FCPO
For 13/03/2012, if price can break above 2442, may look for long entry, or else, still favour short.
The stock market upside momentum is reducing and sign of distribution is taking place. Market will likely be volatile in coming days and turn unexpectedly. Traders please be alert and trade cautiously.
Traders can monitor below stocks for short term trade:
1. Dayang
2. Kseng
3. HDBS
4. IBHD
5. Naim
6. Oldtown
7. Pwroot
8. Cresndo
9. Tnlogis
10. Tuneins
11. Perdana
12. Penergy
13. Padini
14. Annjoo
15. Scientx
FCPO
For 13/03/2012, if price can break above 2442, may look for long entry, or else, still favour short.
CPO Ends Down; Easing Stockpiles Limit Price Falls
Crude palm-oil futures on Malaysia’s derivatives exchange ended lower Tuesday
tracking weaker CBOT soyoil futures.
However, easing palm-oil stocks helped to limit losses.
The benchmark May contract at Bursa Malaysia Derivatives ended 39 ringgit lower at MYR2,411 a metric ton after moving in a MYR2,413-MYR2,442 range.
CBOT May soyoil is down 0.9% at 50.01 U.S. cents a pound in screen trade after data from the U.S. Department of Agriculture showed reduced demand for soybeans. Soybeans are usually crushed and processed into soymeal and soyoil–a direct substitute for palm oil.
"Palm oil is down but easing stockpiles in the coming months will help to underpin prices," a trading executive at a foreign commodities brokerage.
CPO production is "expected to continue to decline as we come off the peak season," RHB Investment Bank analyst Hoe Lee Leng said in a report. Palm-oil production in Southeast Asia usually dips in November to March before rising from July.
Inventory levels at the world's No. 2 producer will ease to 2.23 million tons by June on the back of recovering export demand as winter season in the Northern Hemisphere ends, Ms. Hoe said.
The oil tends to solidify and turn cloudy in cold weather reducing its appeal as a cooking oil.
Vessels and loading at main ports in Malaysia is modest, a Penang-based shipping executive said indicating steady exports this month.
Over Malaysian Borneo some palm-oil exporters have diverted their cargo loading activities to Lahad Datu port following armed clashes with Filipino rebels in Sabah state leading to a larger vessel line up at the port.
Sabah is Malaysia's biggest oil-palm growing region. The state's crude palm oil production last year accounted for 30% of the country's total production, according to industry regulator the Malaysian Palm Oil Board.
However, easing palm-oil stocks helped to limit losses.
The benchmark May contract at Bursa Malaysia Derivatives ended 39 ringgit lower at MYR2,411 a metric ton after moving in a MYR2,413-MYR2,442 range.
CBOT May soyoil is down 0.9% at 50.01 U.S. cents a pound in screen trade after data from the U.S. Department of Agriculture showed reduced demand for soybeans. Soybeans are usually crushed and processed into soymeal and soyoil–a direct substitute for palm oil.
"Palm oil is down but easing stockpiles in the coming months will help to underpin prices," a trading executive at a foreign commodities brokerage.
CPO production is "expected to continue to decline as we come off the peak season," RHB Investment Bank analyst Hoe Lee Leng said in a report. Palm-oil production in Southeast Asia usually dips in November to March before rising from July.
Inventory levels at the world's No. 2 producer will ease to 2.23 million tons by June on the back of recovering export demand as winter season in the Northern Hemisphere ends, Ms. Hoe said.
The oil tends to solidify and turn cloudy in cold weather reducing its appeal as a cooking oil.
Vessels and loading at main ports in Malaysia is modest, a Penang-based shipping executive said indicating steady exports this month.
Over Malaysian Borneo some palm-oil exporters have diverted their cargo loading activities to Lahad Datu port following armed clashes with Filipino rebels in Sabah state leading to a larger vessel line up at the port.
Sabah is Malaysia's biggest oil-palm growing region. The state's crude palm oil production last year accounted for 30% of the country's total production, according to industry regulator the Malaysian Palm Oil Board.
Monday 11 March 2013
Analysis on KLCI and FCPO for 12/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Kseng
2. Orient
3. Skpetro
4. Naim
5. CCM
6. Drbhcom
7. Oldtown
8. Scientx
9. Keuro
10. Muhibah
11. Bimb
12. Uemland
13. Tambun
14. Alam
15. Maybulk
FCPO
For 12/03/2012, if the price can support above 2462, next target will be 2480.
Traders can monitor below stocks for short term trade:
1. Kseng
2. Orient
3. Skpetro
4. Naim
5. CCM
6. Drbhcom
7. Oldtown
8. Scientx
9. Keuro
10. Muhibah
11. Bimb
12. Uemland
13. Tambun
14. Alam
15. Maybulk
FCPO
For 12/03/2012, if the price can support above 2462, next target will be 2480.
Sunday 10 March 2013
Analysis on KLCI and FCPO for 11/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Kseng
2. Orient
3. Tasek
4. Oldtown
5. MKH
6. CCM
7. Tnlogis
8. Huayang
9. MBSB
10. Haio
11. Scientx
12. Tambun
13. P&O
14. Gtronic
15. Pwroot
FCPO
For 11/03/2012, if the price can break above 2451, the next target might be 2480.
Traders can monitor below stocks for short term trade:
1. Kseng
2. Orient
3. Tasek
4. Oldtown
5. MKH
6. CCM
7. Tnlogis
8. Huayang
9. MBSB
10. Haio
11. Scientx
12. Tambun
13. P&O
14. Gtronic
15. Pwroot
FCPO
For 11/03/2012, if the price can break above 2451, the next target might be 2480.
Crude Palm Oil Ends Up; Focus on Industry Data
Crude palm oil futures on Malaysia’s derivatives exchange ended higher Friday
on technicals-driven buying interest, although values are trading within narrow
ranges ahead of a slew of crop data due over the next few days.
Palm oil stockpiles in Malaysia, the world's no. 2 producer, probably easing to their lowest levels in six months helped underpin prices, market participants said.
The benchmark May contract at Bursa Malaysia Derivatives ended 0.6% higher at 2,448 ringgit a metric ton after moving in a MYR2,426-MYR2,451/ton range.
Traders are looking out for a U.S. Department of Agriculture report due later in the global day on its soybean crop outlook and industry regulator Malaysian Palm Oil Board's February crop data on March 11.
Palm oil Inventories likely eased 4.7% to 2.46 million tons on the back of an estimated 13% dip in February output to 1.40 million tons, planters and analysts said.
"Market chatter about a possible double-digit drop in March CPO production also fed into the positive sentiment today," a trading executive at a foreign trading house said, tipping prices to trade in a MYR2,400-MYR2,480/ton band next week.
Palm oil production in Southeast Asia usually dips in November to March before rising from July.
In the cash market, refined palm olein for March shipment was offered at $825/ton, while cash CPO for prompt shipment was offered at MYR2,420/ton.
Palm oil stockpiles in Malaysia, the world's no. 2 producer, probably easing to their lowest levels in six months helped underpin prices, market participants said.
The benchmark May contract at Bursa Malaysia Derivatives ended 0.6% higher at 2,448 ringgit a metric ton after moving in a MYR2,426-MYR2,451/ton range.
Traders are looking out for a U.S. Department of Agriculture report due later in the global day on its soybean crop outlook and industry regulator Malaysian Palm Oil Board's February crop data on March 11.
Palm oil Inventories likely eased 4.7% to 2.46 million tons on the back of an estimated 13% dip in February output to 1.40 million tons, planters and analysts said.
"Market chatter about a possible double-digit drop in March CPO production also fed into the positive sentiment today," a trading executive at a foreign trading house said, tipping prices to trade in a MYR2,400-MYR2,480/ton band next week.
Palm oil production in Southeast Asia usually dips in November to March before rising from July.
In the cash market, refined palm olein for March shipment was offered at $825/ton, while cash CPO for prompt shipment was offered at MYR2,420/ton.
Thursday 7 March 2013
Analysis on KLCI and FCPO for 08/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Incken
2. KSL
3. Mahsing
4. Takaful
5. Pos
6. Huayang
7. Zhulian
8. Mbsb
9. Ingress
10. CCM
11. Perdana
12. Tebrau
13. Yinson
14. E&O
15. Haio
FCPO
For 08/03/2012, long if price above 2443, short if price below 2368
Traders can monitor below stocks for short term trade:
1. Incken
2. KSL
3. Mahsing
4. Takaful
5. Pos
6. Huayang
7. Zhulian
8. Mbsb
9. Ingress
10. CCM
11. Perdana
12. Tebrau
13. Yinson
14. E&O
15. Haio
FCPO
For 08/03/2012, long if price above 2443, short if price below 2368
Crude Palm Oil Ends Up; Easing Stockpiles Underpin
Crude palm oil futures on Malaysia’s derivatives exchange ended higher
Thursday, as stockpiles in Malaysia likely eased amid a seasonal drop in
production, spurring investors to cover short positions.
The benchmark May contract at Bursa Malaysia Derivatives ended 1.4% higher at 2,433 ringgit a metric ton after moving in a MYR2,384-MYR2,442/ton range.
Palm oil production tends to bottom out during the February-March period and could mean further declines in stockpiles over the next few months, a commodities broker at a foreign brokerage said.
Output of the tropical oil, used to make a wide variety of consumer products ranging from chocolates to lipsticks, generally dips during the November-March period before yields improve in the second half of the year.
Palm oil's improving appeal as feedstock for biodiesel, brought on by CPO's discount to Brent crude oil, provided the catalyst for gains during afternoon trade.
Improving shipments for CPO in the coming months will likely stem from the energy and transportation sectors, Ong Chee Ting, analyst at Maybank Investment Bank, said in a report.
He also noted that Malaysia's move to revamp its export tax policy on CPO "is key to restoring Malaysia's export competitiveness this year" and expects palm oil to strengthen in the first half of 2013.
Malaysia, the world's no. 2 palm oil producer, said last October that it would slash export taxes on the crude grade from 23% to between zero and 8.5% to ease inventories. The tax rate for this month is set at 4.5%.
The benchmark May contract at Bursa Malaysia Derivatives ended 1.4% higher at 2,433 ringgit a metric ton after moving in a MYR2,384-MYR2,442/ton range.
Palm oil production tends to bottom out during the February-March period and could mean further declines in stockpiles over the next few months, a commodities broker at a foreign brokerage said.
Output of the tropical oil, used to make a wide variety of consumer products ranging from chocolates to lipsticks, generally dips during the November-March period before yields improve in the second half of the year.
Palm oil's improving appeal as feedstock for biodiesel, brought on by CPO's discount to Brent crude oil, provided the catalyst for gains during afternoon trade.
Improving shipments for CPO in the coming months will likely stem from the energy and transportation sectors, Ong Chee Ting, analyst at Maybank Investment Bank, said in a report.
He also noted that Malaysia's move to revamp its export tax policy on CPO "is key to restoring Malaysia's export competitiveness this year" and expects palm oil to strengthen in the first half of 2013.
Malaysia, the world's no. 2 palm oil producer, said last October that it would slash export taxes on the crude grade from 23% to between zero and 8.5% to ease inventories. The tax rate for this month is set at 4.5%.
Wednesday 6 March 2013
Analysis on KLCI and FCPO for 07/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Kseng
2. Naim
3. Orient
4. Haio
5. Alam
6. Tebrau
7. Bahvest
8. Zhulian
9. Scientx
10. CCM
11. Gamuda
12. E&O
13. Uoadev
14. Tambun
15. Pantech
FCPO
For 07/03/2012, long if price above 2428, short if price below 2389
Traders can monitor below stocks for short term trade:
1. Kseng
2. Naim
3. Orient
4. Haio
5. Alam
6. Tebrau
7. Bahvest
8. Zhulian
9. Scientx
10. CCM
11. Gamuda
12. E&O
13. Uoadev
14. Tambun
15. Pantech
FCPO
For 07/03/2012, long if price above 2428, short if price below 2389
Crude Palm Oil Ends Little Changed on Mixed Cues; Fresh Data Ahead
Crude palm oil futures on Malaysia’s derivatives exchange settled little
changed Wednesday after trading sideways on the back of mixed cues from leading
oilseed analysts at an industry event in Kuala Lumpur that concluded today.
The benchmark May contract at Bursa Malaysia Derivatives settled 1 ringgit lower at 2,399 ringgit a metric ton after moving in a tight range of MYR2,389-MYR2,413/ton.
Palm oil prices could decline to MYR2,200/ton or even lower from mid-April as the harvest season for soy crops starts in South America, while inventory levels in major vegoil-consuming countries are also near record highs, said analyst Dorab Mistry, who is Godrej International Ltd.'s London-based head of edible-oil trading.
"South America is on course to produce about 140 million tons of soybeans in 2013. This is almost 30 million tons more than in 2012," he said.
Mr. Mistry said soyoil prices will likely follow palm oil's downward trajectory and could ease to $900/ton by July, when South America wraps up its soy harvesting season.
But James Fry, chairman at London-based agri-consultancy firm LMC International Ltd., was more upbeat about the outlook for palm oil.
"Price signals are giving encouragement to the use of palm methyl-ester as fuel in direct competition with fossil diesel…many factors have reinforced the attractions of CPO as a competitive source of fuel in recent months," he said, adding that palm oil's improving appeal as feedstock for alternative fuels may ease stockpiles and provide underlying support for prices in the coming months. Mr. Fry tipped palm oil to trade at MYR2,625/ton if Brent crude trades near $105 a barrel by June.
"With [Malaysia's] export taxes in place, palm oil stockpiles will fall to 1.8 million-1.9 million tons mid-year," he said.
Inventories in Malaysia as of end-January were over 2.5 million tons, industry regulator the Malaysian Palm Oil Board said last month.
Traders now await Malaysia's palm oil production, inventory and export data for February from the MPOB as well as March 1-10 palm oil shipment data from cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. due next week.
The benchmark May contract at Bursa Malaysia Derivatives settled 1 ringgit lower at 2,399 ringgit a metric ton after moving in a tight range of MYR2,389-MYR2,413/ton.
Palm oil prices could decline to MYR2,200/ton or even lower from mid-April as the harvest season for soy crops starts in South America, while inventory levels in major vegoil-consuming countries are also near record highs, said analyst Dorab Mistry, who is Godrej International Ltd.'s London-based head of edible-oil trading.
"South America is on course to produce about 140 million tons of soybeans in 2013. This is almost 30 million tons more than in 2012," he said.
Mr. Mistry said soyoil prices will likely follow palm oil's downward trajectory and could ease to $900/ton by July, when South America wraps up its soy harvesting season.
But James Fry, chairman at London-based agri-consultancy firm LMC International Ltd., was more upbeat about the outlook for palm oil.
"Price signals are giving encouragement to the use of palm methyl-ester as fuel in direct competition with fossil diesel…many factors have reinforced the attractions of CPO as a competitive source of fuel in recent months," he said, adding that palm oil's improving appeal as feedstock for alternative fuels may ease stockpiles and provide underlying support for prices in the coming months. Mr. Fry tipped palm oil to trade at MYR2,625/ton if Brent crude trades near $105 a barrel by June.
"With [Malaysia's] export taxes in place, palm oil stockpiles will fall to 1.8 million-1.9 million tons mid-year," he said.
Inventories in Malaysia as of end-January were over 2.5 million tons, industry regulator the Malaysian Palm Oil Board said last month.
Traders now await Malaysia's palm oil production, inventory and export data for February from the MPOB as well as March 1-10 palm oil shipment data from cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd. due next week.
Tuesday 5 March 2013
Analysis on KLCI and FCPO for 06/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Digi
2. CCM
3. Dayang
4. DKSH
5. Cap
6. Uemland
7. MBSB
8. Naim
9. Canone
10. Skpetrol
11. Spsetia
12. Cypark
13. Scientx
14. P & O
15. Daibochi
FCPO
For 06/03/2012, long if price above 2428, short if price below 2367
Traders can monitor below stocks for short term trade:
1. Digi
2. CCM
3. Dayang
4. DKSH
5. Cap
6. Uemland
7. MBSB
8. Naim
9. Canone
10. Skpetrol
11. Spsetia
12. Cypark
13. Scientx
14. P & O
15. Daibochi
FCPO
For 06/03/2012, long if price above 2428, short if price below 2367
Monday 4 March 2013
Analysis on KLCI and FCPO for 05/03/2013
KLCI
Traders can monitor below stocks for short term trade:
1. Uemland
2. Gamuda
3. MBSB
4. Pos
5. Klccp
6. Spsetia
7. Dayang
8. Pestech
9. P &O
10. MKH
11, BIMB
12. Dijacor
13. Uoadev
14. Scientx
15. Daibochi
FCPO
For 05/03/2012, expect the price to stop falling and be hovering above 2400.
Traders can monitor below stocks for short term trade:
1. Uemland
2. Gamuda
3. MBSB
4. Pos
5. Klccp
6. Spsetia
7. Dayang
8. Pestech
9. P &O
10. MKH
11, BIMB
12. Dijacor
13. Uoadev
14. Scientx
15. Daibochi
FCPO
For 05/03/2012, expect the price to stop falling and be hovering above 2400.
Saturday 2 March 2013
Analysis on KLCI and FCPO for 04/03/2013
KLCI
Trend: Sideway
Directions: If KLCI can break 1646, the trend will temporarily change to bullish and look forward to challenge 1680. Thus, traders need to monitor tightly whether this 1646 can break or not, otherwise, can standby to short the fkli.
Traders can monitor below stocks for short term trade:
1. Uemland
2. Pestech
3. DKSH
4. Tnlogis
5. KLCCP
6. Perisai
7. Dijacor
8. Bahvest
9. Cypark
10. Airasia
11. Deleum
12. Tebrau
13. Cresbld
14. Mbl
15. Pos
FCPO
01/03/2013 FCPO movement is within our expectation again. For 04/03/2012, if 2368 is not breaking down, might have a sideway consolidation.
Trend: Sideway
Directions: If KLCI can break 1646, the trend will temporarily change to bullish and look forward to challenge 1680. Thus, traders need to monitor tightly whether this 1646 can break or not, otherwise, can standby to short the fkli.
Traders can monitor below stocks for short term trade:
1. Uemland
2. Pestech
3. DKSH
4. Tnlogis
5. KLCCP
6. Perisai
7. Dijacor
8. Bahvest
9. Cypark
10. Airasia
11. Deleum
12. Tebrau
13. Cresbld
14. Mbl
15. Pos
FCPO
01/03/2013 FCPO movement is within our expectation again. For 04/03/2012, if 2368 is not breaking down, might have a sideway consolidation.
Friday 1 March 2013
Analysis on KLCI and FCPO for 01/03/2013
KLCI
As expected earlier, the klci break above 1630, there should be profit taking around this level, resistant is at 1640. Traders can monitor below stocks for short term trade:
1. Airasia
2. Genm
3. DKSH
4. Takaful
5. MKH
6. Gamuda
7. Timecom
8. Dayang
9. Tnlogis
10. Gtronic
11. Mahsing
12. Pos
13. Huayang
14. Deleum
FCPO
As expected, 28/02/2012 hit the low of 2368. Anywhere, 01/03/2012 might have technical rebound, Overall trend is still bearish, can short at high side.
As expected earlier, the klci break above 1630, there should be profit taking around this level, resistant is at 1640. Traders can monitor below stocks for short term trade:
1. Airasia
2. Genm
3. DKSH
4. Takaful
5. MKH
6. Gamuda
7. Timecom
8. Dayang
9. Tnlogis
10. Gtronic
11. Mahsing
12. Pos
13. Huayang
14. Deleum
FCPO
As expected, 28/02/2012 hit the low of 2368. Anywhere, 01/03/2012 might have technical rebound, Overall trend is still bearish, can short at high side.
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