Bursa Chat

Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Saturday, August 31, 2019

FBMKLCI: Thought 1Q2019 already seen worst but 2Q2019 reported earnings not seem better as headwinds cont. to affect them.

The gov may have to step in with an expansionary Budget 2020.

Though results for coming quarters could be worse, companies which reported improving qoq and yoy are expected to perform ahead.

So stock picking remains key ...
Technical indicators are improving with slow stochastic indicate buy signal and MACD crossed the signal line.

Resistance is at 1626 followed by 1660. Support is at 1571 n 1550.
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Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.

Saturday, August 10, 2019

FBMKLCI: Long term rejection of globalism or just a blip?

A new cold war in the form of trade and currency war has emerged. They are here to stay and has become a new norm for the global markets.

Markets will adjust to the new norm. Markets need trade certainty but unlikely to see trade deal taking shape before 2020 presidential election.
For local bourse, it is the domestic factors that are keeping investors in the sidelines.

Technically the index gave up the support at 1626 with the MACD line remains in negative territory and below signal line.

Support is at 1600 followed by  1572.

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Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.

Saturday, July 27, 2019

Telekom (TM):

Share price had rallied till 23 July 2019 due to strong 1QFY2019 results and cost optimization optimism.

However term profitability such as higher than expected capex and revenue outlook towards 2H2019.

The agenda to implement cost efficiency initiatives remain TM key to earnings recovery.

Technically price is still trending above major 50 100 and 200 day SMAs.

Immediate support is at 4.04 the recent low followed by 3.84 and 3.61.
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Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.

Monday, July 22, 2019

Redtone:
Manange to support at 0.36 and recovered after past few days of correction.

Next barrier is at 0.415 which is the double top resistance prior to correction.
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Sunday, July 21, 2019

Insas: Always the same old story ... undervalued.

As at March 2019 its net asset per share stood at rm2.59.

It is worth noting two thirds of its assets are cash and share investment mainly in listed companies.

However would like to emphasize that too much valuations are valued on its holding in Inari and HoHup ... such a huge block r not easy to liquidate at market value.

A stock trades below its book value could be due to inefficient cash pile and lack of awareness.

Technically price move above the trendline boundary of the downsloping pennant and trading above MAs.

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Disclaimer: None of the content published on Bursa Chat constitutes a recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person.