TODAY

I know what I have given you, I do not know what you have received.

TRADING IDEAS

The following information is extracted from RHB Research Report.

1) TEKSENG (7200) Price/现价           : 0.68 Target price/目标价: 0.73/0.77 Cut loss/止损价    : 0.62 SyariahSector/领域: CONSUMER PRODUCT

2) MTAG (0213) Price/现价           : 0.75 Target price/目标价: 0.805/0.855 Cut loss/止损价   : 0.665 SyariahSector/领域: INDUSTRIAL PRODUCT

3) KPOWER (7130) Price/现价           : 3.07 Target price/目标价: 3.21/3.32 Cut loss/止损价   : 3.00** SyariahSector/领域: CONSUMER PRODUCT

INFORMATIONAL PURPOSES ONLY; Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

An average trader loses money, so in this profession, you need to be way above average to make consistent money trading the markets.

Celtic Woman – Dúlamán

Don’t waste your time in anger, regrets, worries, and grudges. Life is too short to be unhappy.

Drifters – Under The Boardwalk

I’m singing in the rain, just singing in the rain. What a wonderful feeling, I’m happy again.

Taylor Swift – Come in With the Rain

TODAY

You and I have memories longer than the road that stretches out ahead.

Trading volume down 70% from peak, are retail investors fleeing?

EDGE KUALA LUMPUR (Sept 23): The daily volume of shares traded on Bursa Malaysia, which touched a peak of 27.8 billion shares on Aug 11, has sunk 70% since, but fund managers think the downtrend is likely temporary and part of market correction and profit-taking after a strong rally.

The daily traded volume came in at 8.45 billion yesterday, while the traded value has more than halved to RM4.32 billion from the record high of RM10.45 billion seen on Aug 4. Nevertheless, the year-to-date trading volume is up a whopping 275%, while trading value has surged 146%.

The end of the loan moratorium period that is coming up on Sept 30 has played a part in the decline in trading volume, some market observers said, apart from the generally discouraging sentiment. The prior rally in share prices has also made equities more expensive.

Kenanga Investment Bank head of research Koh Huat Soon also attributed the dampened sentiment to Macquarie’s downgrade of Top Glove Corp Bhd — the main beneficiary of the COVID-19-driven rally.

“There has been talk by certain quarters that the ending of the loan moratorium is a factor and there is some credence to this affecting sentiment. Besides that, [interest in] the glove sector, which drove market activity, has come off since the downgrade by Macquarie. This has also dampened confidence.

“But these are just interim adjustments in the market. It is currently going through a correction, like many other markets. Even the developed markets are not doing well right now,” Koh told The Edge.

He also noted that the political situation in Malaysia, besides external factors like the upcoming US election, has given rise to a heightened sense of uncertainty.

The FBM KLCI skidded 0.62% — representing a 9.3-point fall — to close at 1,496.48 yesterday, amid concerns that there might be a change in government after Opposition leader Datuk Seri Anwar Ibrahim claimed he had garnered “formidable and convincing” support from Members of Parliament (MPs) to form a new government to replace the ruling Perikatan Nasional (PN) government.

Retail participation will remain healthy once these uncertainties are cleared, Koh said.

While the upcoming conclusion of the moratorium may have had a small effect on retail participation in the market, Areca Capital Sdn Bhd chief executive officer Danny Wong Teck Meng think the bigger factors were weak sentiment, higher share prices and profit-taking.

Still, like Koh, he believes that the stock market rally will continue after the uncertainties that are weighing on the market now subside. “The rally will continue due to the low interest rate environment, high liquidity in the market, lower valuations of certain sectors when the impact of the pandemic subsides, and the higher risk-reward appetite of investors,” said Wong.

Similarly, Rakuten Trade Research vice president Vincent Lau said retail participation may see a rebound once internal and external concerns clear up.

The decline in trading volume currently is not an indication that the rally is over, he said. “People are taking profits after the rally. Also, the US election is coming. Historically, September is not a great month for the markets but we should see a pick up in activities later,” said Lau.

Global retail participation is still high, Lau said, adding interest rates remain low, which will continue to drive investment into equities.

The Covid-19 outbreak, which dragged the local stock market into a trough in mid-March, subsequently resulted in a surge led by glovemakers and other healthcare companies, which also spurred many other companies to hop onto the healthcare bandwagon by venturing into the manufacturing of rubber gloves and other personal protective equipment.

The rally has been attributed to the increased participation of retail investors, who had extra funds following the implementation of the automatic six-month loan moratorium that were granted under the government’s Prihatin economic stimulus package.

In addition, the record low interest rate following the consecutive cuts in the overnight policy rate (OPR) by Bank Negara Malaysia to boost the virus-hit domestic economy has also driven Malaysians to seek higher returns from investment assets like equities, instead of placing their money in the bank.

Life can be noisy. It can be exhausting too. There are too many things vying for our attention, and sometimes we inadvertently forget how important our wellbeing is.

If you’re out in public, try to put about six feet of space between other people and yourself. Remain inside if you can, but if you must go out, stay away from large crowds.

Justin Timberlake , Carey Mulligan & Stark Sands – Five Hundred Miles

TODAY

Good Morning Folks! New day, New heights, New beginnings.

Yesterday, major stock advancers among the FBMKLCI component stocks included PBBank (+RM0.18, +1.14%), Tenaga (+RM0.12, +1.10%), and Hlfg (+RM0.50, +3.58%). Major stock decliners included PMetal (-RM0.07, -1.35%), Petgas (-RM0.10, -0.60%), and Hapseng (-RM0.05, -0.70%). Total market value traded was RM3.90 bn.

Wet Wet Wet- Love is all around me

What to expect on Wednesday (23 September 2020)?

The analysis of overall market action on 22 September 2020 revealed that buying power was stronger than selling pressure. As such, FBMKLCI would likely trade above 1,511.90 on 23 September 2020.

Enrique Iglesias – Hero

My portfolio remains pretty much the same: ORION (0079) KUB (6874) ICON (5255) SANICHI (0133) ANZO (9342) HIBISCS (5199).

INFORMATIONAL PURPOSES ONLY; Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

Alice Cooper – Welcome To My Nightmare. KLCI had shed 10.5 points right after Anwar made his announcement to have a strong majority to form the next government.😠Grrr😠

Anwar’s claim tantamount to ‘sabotaging’ country, says MCA chief

BORNEO POST via MMO – SANDAKAN, Sept 23 — MCA president Datuk Seri Wee Ka Siong said today that Datuk Seri Anwar Ibrahim’s claim to have the majority in parliament to form a new government was “tantamount to sabotaging the country”.

He said the Parti Keadilan Rakyat president’s announcement in Kuala Lumpur this afternoon was “spooking investor confidence at a time when we need to do all we can to revive the country.”

Wee, who is Transport Minister, pointed out that the KLCI had shed 10.5 points right after Anwar made his what Wee called a “sham announcement.”

“Datuk Seri Anwar Ibrahim is back to his old tricks. Remember when he tried to pull the same con job over the rakyat back on 16 September 2008 when he promised he had 30 MPs to crossover to form the government?

“Absolutely nothing but (hot) ‘air’ came from that episode,” he said.

Wee insisted that MCA and Barisan Nasional still fully supported Prime Minister Tan Sri Muhyiddin Yassin.

“Under his able leadership, Perikatan Nasional (PN) as a functional government has won global praise in containing Covid-19 in the past six months and keeping the country’s economy on an even keel despite much hardship and obstacles due to the pandemic.

“Anwar Ibrahim should be more responsible as a senior politician, especially with the Sabah state elections happening right now. The stability of the country is much more important than his obsession with being PM,” he said.

Earlier today, Anwar claimed that he had a “strong, formidable majority” to form the next government, pointing out that Muhyiddin’s government had fallen.

However, he refused to reveal just how many of the Dewan Rakyat’s 222 members were now with him and which party they were from, pending an audience with the Agong.

Aerosmith – Dream on

Hmm. Like it or not, there are people who are capable to love genuinely and kill brutally. The amazing thing about that, few of those could even sleep well like babies in the night. Good Night Folks.

TODAY

It’s a unique day today. You can make it amazing.

Kina Grannis – You Are My Sunshine

Today, give a stranger one of your smiles. It might be the only sunshine he sees all day.

Nat King Cole – Mona Lisa

My portfolio remains pretty much the same: ORION (0079) KUB (6874) ICON (5255) SANICHI (0133) ANZO (9342) HIBISCS (5199).

INFORMATIONAL PURPOSES ONLY; Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

Jonas Blue Ft William Singe – Mama

TODAY

What do we have here?

Justin Timberlake – Can’t Stop the Feeling – With 66 Movie Dance Scenes Mashup

Let’s Talk About ICON  (5255)

Friday, 18 September 2020 – Icon Offshore Bhd’s wholly-owned Bruneian unit Icon Bahtera (B) Sdn Bhd has secured a chartering contract from Zell Transportation Sdn Bhd (ZT) to supply offshore support vessels and chartering services, including the charter of Icon Valiant and Icon Aliza. While no contract value was provided, Icon Offshore said the contract for each vessel is for six years, with two extension options of one year each. The Icon Aliza will be starting its contract on Feb 1, 2021, while the Valiant will be for March 31, 2021. ZT holds a contract to provide vessels and chartering services to Brunei Shell Petroleum Sdn Bhd.

Monday, 24 Aug 2020 – Icon Offshore, Sime Industrial in remote fleet vision tie-up

Monday, 06 Jul 2020 – Icon Offshore Bhd is buying a subsidiary of Perisai Petroleum Bhd that owns and operates a jack-up rig known as Perisai Pacific 101 (PP101) at a price tag of US$40mil (RM173mil), according to sources.

May 15, 2020 – Icon Offshore Bhd announced a net profit of RM20.36 million in the first quarter ended March 31, 2020 (1QFY20), compared with a net loss of RM7.64 million a year earlier.

What say you?

Pharrell Williams – Happy

SSM offers 90% compound reduction until Dec 31

KUALA LUMPUR (Sept 19): The Companies Commission of Malaysia (SSM) is offering 90 per cent reduction from the original compound value for applications to strike off the name of a company under Section 549/550 of the Companies Act 2016 from Aug 17 to Dec 31.

SSM in a statement today announced the compound reduction is applicable to all compounds offered under the Companies Act 1965 and Companies Act 2016.

“Under the initiative, companies and company directors who have applied to strike off their companies according to the provisions of Section 549/550 of the Companies Act 2016 would be eligible to reduce their compounds by 90 per cent,” the statement said.

A review of the compound status can be carried out via email to ar_compliance@ssm.com.my, or by contacting 03-22995334 and online via https://www.ssm.com.my/Pages/Quick_Link/e-Compound.aspx or through its ezBiz portal at https://ezbiz.ssm.com.my as well as at any SSM offices in the country.

Walk The Moon ~ Shut Up and Dance With Me

Are you a rain lover, especially a rainy night? Or rain, rain, go away?

Celebrate the rain; it only means that the sun shall shine bigger and brighter than ever. The Script – Rain

Enjoy your evening, Folks!

The Killers – Human

TODAY

Good morning Folks!

There are more things to alarm us than to harm us, and we suffer more often in apprehension than reality.

Joni Mitchell – Both Sides Now

It’s been my experience that you can nearly always enjoy things if you make up your mind firmly that you will.

Celine Dion – It’s All Coming Back To ME Now

CORPORATE NEWS

Amanah Harta PNB (AHP) will be taken private by Permodalan Nasional Bhd (PNB) via a selective unit redemption (SUR) exercise, where minority unitholders will receive RM1 per unit, a 50.3% premium over the 66.5 sen it last traded at. Wholly owned PNB unit Ombak Real Estate Sdn Bhd will be undertaking the SUR exercise, which will cost RM118.64 million. PNB and its parties in concert control a 46.07% stake in AHP.

Icon Offshore Bhd’s wholly-owned Bruneian unit Icon Bahtera (B) Sdn Bhd has secured a chartering contract from Zell Transportation Sdn Bhd (ZT) to supply offshore support vessels and chartering services, including the charter of Icon Valiant and Icon Aliza. While no contract value was provided, Icon Offshore said the contract for each vessel is for six years, with two extension options of one year each. The Icon Aliza will be starting its contract on Feb 1, 2021, while the Valiant will be for March 31, 2021. ZT holds a contract to provide vessels and chartering services to Brunei Shell Petroleum Sdn Bhd.

Sapura Energy Bhd’s net profit for the second quarter ended July 31, 2020 (2QFY21) rose 67% quarter-on-quarter to RM23.7 million from RM14.21 million. Quarterly revenue, however, fell to RM1.22 billion from RM1.35 billion. The higher net profit was on the back of improved operating metrics from its engineering and construction segment. On a year-on-year basis, the group has returned to the black from the net loss of RM116.3 million it posted in 2QFY20, though revenue came in lower than the RM1.93 billion it posted previously.

For the first six months of July 31 (6MFY21), it posted a net profit of RM37.95 million, compared with a net loss of RM225.41 million for 6MFY20, while revenue came in at RM2.58 billion versus RM3.56 billion previously.

Ta Win Holdings Bhd is setting up a healthcare arm, Ta Win Copper Biohealth Sdn Bhd (TWCBiohealth), to explore the downstream copper segment. It noted that copper, which has medical benefits, can be used in antimicrobial copper-alloy in the healthcare sector to prevent frequently contacted surfaces from serving as a medium to transfer microorganisms and minimise hospital-acquired infections.

Scientex Bhd posted a record high annual net profit for its financial year ended July 31, 2020 (FY20) of RM390.11 million, up 17% from the RM333.7 million in FY19, following growth in both its manufacturing and property development segments. Full-year revenue grew 8% y-o-y to RM3.52 billion from RM3.25 billion. It declared a final dividend of 13 sen per share, payable on Jan 13, 2021. This brings its FY20 dividend payout to 23 sen, from FY19’s 20 sen.  

For its fourth quarter ended July 31 (4QFY20), net profit grew by 6.5% y-o-y to RM142.05 million from RM133.4 million, with quarterly revenue rising to RM954.63 million from RM938.77 million.

The group also proposed a bonus share issuance involving two bonus shares for every one Scientex share held (two-for-one), as well as free warrants on the basis of one free warrant for every five shares held (one-for-five), at an entitlement date to be announced later.

Berjaya Corp Bhd founder and executive chairman Tan Sri Vincent Tan Chee Yioun said the diversified group has no interest in Sea Gamer Mall Sdn Bhd (SEAGM), from which two Malaysian executives were arrested by Malaysian authorities and are now pending extradition to the US to face criminal charges by the US Department of Justice. The two had been charged with abetting five Chinese hackers in alleged computer crimes and other related offences. Tan, in a statement, said he had been a passive investor in SEAGM for 13 years after being introduced to the company by a business associate.

– EDGE (SEPTEMBER 18)

INFORMATIONAL PURPOSES ONLY; Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

Heart – These Dreams

The cruel irony of housework: people only notice when you don’t do it.

Caro Emerald – Liquid Lunch

Invisible, repetitive, exhausting, unproductive, uncreative – these are the adjectives which most perfectly capture the nature of housework.

The Corrs & Bono – Summer Wine

I love my Saturday morning coffee in the same way that I used to love Saturday morning cartoons. HAPPY SATURDAY FOLKS!

TODAY

I used to cover my windows in heavy curtains, never drawn. Now I danced in the sunlight on my parquet floors.

Mother & Son dance to the TOP songs of the decades!!

Just living isn’t enough, one must have sunshine, freedom and a little flower.

Bette Midler – The Rose

Tough times never last, but tough people do.

Celtic Woman – Níl Sé’n Lá

CORPORATE NEWS

TNB now owns majority stake in UK’s Vortex Solar

STAR (SEPTEMBER 18) PETALING JAYA: Tenaga Nasional Bhd (TNB) has acquired an additional 5% stake in Vortex Solar Investments S.a.r.l, giving the company a majority equity interest in one of the largest solar platforms in the United Kingdom.

The £11mil (RM59mil) deal raised TNB’s stake in Vortex Solar to 55%, the company said in a filing with Bursa Malaysia yesterday.


Vortex Solar is one of the largest solar platforms in the UK with the Renewables Obligation Certificate subsidy scheme, comprising 24 operational solar farms with a total combined capacity of 365MW.

TNB first acquired a 50% equity stake of Vortex Solar in 2017.

“The portfolio has performed positively contributing £39.1mil (RM210mil) earnings before interest, taxes, depreciation and amortisation (Ebitda) in 2019, ” TNB said.

“The portfolio has shown growth from an 80% Ebitda margin in 2018 to an 84% Ebitda margin in 2019. This acquisition is expected to contribute positively to the group’s net profit at completion, ” it added.

In a statement, TNB president and chief executive officer Datuk Seri Amir Hamzah Azizan described the acquisition as a key milestone in the group’s commitment to reduce its carbon footprint and grow its international renewable energy business portfolio.

He said the move was in line with its energy transition aspiration of becoming the leading provider of sustainable energy solutions both domestically and internationally.

“With the acquisition, TNB now has majority control of Vortex Solar, thereby further strengthening the group’s international European renewable energy business footprint where TNB already wholly owns Tenaga Wind Ventures UK Ltd (TWV), the largest feed-in-tariff wind portfolio in the UK.

“This acquisition forms part of TNB’s new strategy of growing our renewable energy businesses in the UK and Europe and is a deliberate move to take control of our high-performing renewable energy assets, beginning with the acquisition of 100% in TWV earlier this year.”By leveraging on TNB’s existing capabilities and its control of TWV and Vortex Solar, Amir said TNB will continue to expand in the region, in line with its international renewable energy growth strategy through the restructuring of Vortex Solar and TWV into a renewable asset company aimed at owning, operating and managing a portfolio of renewable energy assets in the UK and Europe.

“Despite the challenging times caused by the global Covid-19 pandemic, both Vortex Solar and TWV’s financial and operational performances have been performing beyond expectations.”

Trading ideas: Top Glove, Daibochi, Sapura Energy, Advancecon, UEM Sunrise

STAR (SEPTEMBER 18) – KUALA LUMPUR: JF Apex Research expects Top Glove Corp Bhd, Daibochi Bhd, Sapura Energy Bhd, Advancecon Holdings Bhd and UEM Sunrise Bhd to be among the stocks to watch on Friday.

Top Glove posted its best-ever quarterly net profit at RM1.29bil in the fourth quarter ended

Aug 31, 2020 against RM74.17mil posted last year.

The glove manufacturer is planning a listing in Hong Kong by 2021 to enhance the rubber glove manufacturer’s investor reach and diversify its investor base.

Daibochi posted a net profit of RM47.67mil on revenue of RM619.28mil for the financial year ended July 31, 2020 (FY20).

Advancecon’s wholly-owned unit has been appointed to undertake the construction and completion of subgrade and related works for the East Coast Rail Link project for RM29.79mil.

UEM Sunrise achieved more than RM400mil in sales and bookings in less than two months after the launch of its ‘The Happy Chase’ campaign.

Overnight, US markets declined following selldown in technology counters.

Earlier, European stocks retreated after the Bank of England kept interest rates unchanged.

“Following the negative performances in the US and Europe, the FBM KLCI could remain lacklustre and trend lower towards its support of 1,475 points,” JF Apex said.

INFORMATIONAL PURPOSES ONLY; Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

TODAY

Rise and Shine!

Oil up 4% as US stockpiles fall, hurricane hits output

REUTERS via STAR (September 17) – NEW YORK: Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut.

Brent crude settled at US$42.22 a barrel, up $1.69, or 4.2%. U.S. crude finished $1.88, or 4.9%.at $40.16 a barrel.

U.S. crude stocks fell 4.4 million barrels last week to 496 million barrels, their lowest since April, the U.S. Energy Information Administration said, compared with analysts’ expectations in a Reuters poll for a 1.3 million-barrel rise,

U.S. gasoline stocks fell 400,000 barrels, the EIA said, more than double the draw forecast, while refining utilization rates ticked up 4 percentage points.

“Today’s strong gains were largely attributable to bullish crude guidance out of the EIA release,” said Jim Ritterbusch of Ritterbusch and Associates.

“The bulk of the (crude) stock decline was driven by an unexpectedly large upswing in U.S. refinery activity led by the Gulf Coast,” he said.

Sally, which made landfall on the U.S. Gulf Coast as a Category 2 hurricane, also boosted oil prices as more than a quarter of offshore output shut due to the storm.

Roughly 500,000 barrels per day (bpd) of offshore crude oil production was taken offline in the U.S. Gulf of Mexico, according to the U.S. Interior Department, roughly a third of the shut-ins caused by Hurricane Laura, which landed farther west in August.

Oil collapsed to historic lows as the coronavirus crisis hit demand. A record supply cut by OPEC and its allies, a grouping known as OPEC+, and an easing of lockdowns have helped Brent recover from a 21-year low below $16 in April.

Prices have sunk in September, pressured by rising coronavirus cases and concerns about demand.

The Organization of the Petroleum Exporting Countries and International Energy Agency both cut their demand outlooks this week.

A panel of OPEC+ oil ministers meets to review the supply pact on Thursday and is unlikely to recommend further output curbs despite the price drop, sources told Reuters.

INFORMATIONAL PURPOSES ONLY; Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

Daniel Powter – Bad Day. I get up every morning and it’s going to be a great day. You never know when it’s going to be over, so I refuse to have a bad day.

WHAT’S UP BUDDY?

The following information is extracted from HLIB Research Report.

Global Asian markets rose in early trades following better-than-expected China’s Aug retail sales and industrial production reports amid supportive policies paving the way for a continuing and convincing growth rebound. However, profit taking reduced gains as investors were cautious ahead of the FOMC statement (at 2am on 17 Sep) for signs on how it will execute a policy shift allowing for greater tolerance towards inflation.

Overnight, the Dow surged as much as 368 pts after talk of coronavirus vaccine distribution plans by the White House by end Oct and the Fed said it would likely hold interest rates near zero until at least 2023. However, strong profit taking on major technology stocks pared the gains to only 36 pts at 28032 whilst the Nasdaq Composite tumbled 140 pts or 1.3% to 11050 after Powell warned of risks to the economy amid ongoing unemployment stress as well as an uptick in evictions and foreclosures without additional fiscal stimulus.

Malaysia KLCI jumped 19 pts to 1531.3 to register its 3rd consecutive winning streak, led by active interests on selected glove (HARTA), banking (PBBANk, CIMB and MAYBANK) and plantation (SIMEPLT and KLK) stocks. Trading volume decreased by 0.8 bn shares to 8.9 bn shares worth RM5.4bn ahead of the Malaysia Day holiday on 16 Sep. After a strong relief rally of 57 pts from 1474 (10 Sep low), profit taking activities emerged as the gainers/losers ratio reduced to 1.35x from 2.45 (14 Sep) and 2.09 (11 Sep), respectively.  

Yesterday, local institutional (RM70m) and retailers (RM153m) investors were the net buyers whilst foreign investors net sold (RM223m) equities. YTD, local institutional and retail investors net bought RM9.44bn and RM11.17bn equities, respectively compared with a total of RM20.61bn sold by foreign investors.

INFORMATIONAL PURPOSES ONLY; Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

George Ezra – Shotgun. My portfolio remains pretty much the same: ORION (0079) KUB (6874) ICON (5255) SANICHI (0133) ANZO (9342) HIBISCS (5199).

TODAY

Let me sing you a sweet and lovey-dovey song. May you have a bonbon night and sugary dreams. Good Night!

Rod Stewart – You’re In My Heart. The thing with heat is, no matter how cold you are, no matter how much you need warmth, it always, eventually, becomes too much.

The Cure – Lullaby. Everything, in the end, comes down to timing. One second, one minute, one hour could make all the difference.

Good Night Folks!

TODAY

There is no happiness like that of being loved by your fellow creatures, and feeling that your presence is an addition to their comfort.

Sigrid – Focus

The following information is extracted from AmBank Retail Research Report.

*LKL International (0182)*Shariah Compliant: YESTrading Call: Buy on breakout RM1.30Target: RM1.42, RM1.53 (time frame: 2-4 weeks)Exit: RM1.16
*GD Express Carrier (0078)*Shariah Compliant: YESTrading Call: Buy on breakout RM0.36Target: RM0.38, RM0.405 (time frame: 2-4 weeks)Exit: RM0.335

The following information is extracted from CGS-CIMB Research Report.

Globetronics Technology (7022) (RM2.84): Technical Buy Targets: RM3.05, RM3.30 Stop: RM2.42   
SKP Resources (7155) (RM1.59): Technical Buy Targets: RM1.70, RM1.80  Stop: RM1.39    

INFORMATIONAL PURPOSES ONLY; Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

Three grand essentials to happiness in this life are something to do, something to love, and something to hope for.

Sigrid – Home To You

Bursa Securities issues UMA to Parlo, Malton

STAR (SEPTEMBER 15) – KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued unusual market activity (UMA) queries to Parlo Bhd and Maton Bhd on the sharp rise in their share prices and volume recently.

Bursa Securities, in its query, directed the companies to inquire with their directors, major shareholders and other relevant persons, over the reason for the UMA.

The regulator asked it there were any corporate development relating to the group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.

It also asked whether there was any rumour or report concerning the business and affairs of the companies that may account for the trading activity.

Parlo shares had risen from 21.5 sen on Sept 8 to 43 sen on Tuesday. During the same period, Malton’s share price had risen from 41 sen to 59.5 sen.

INFORMATIONAL PURPOSES ONLY; Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

If you want to help the environment, try to do just two things. One, use less of your car. Second, separate your garbage.

Jonas Blue ft Dakota – Fast Car