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Friday, 18 November, 2016
For Internal Circulation Only
TA RESEARCH’S ‘DAILY COMPILED REPORTS’
News
a. Daily Market Commentary
b. Daily Brief
Fundamental Reports
a. YTL Power International Berhad: Power Seraya Lightening Up
Technical Reports
b. Daily Technical Stock Picks
c. Daily Stock Screen
d. Foreign Technical Stock Watch (AUS, HK & FSSTI)
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are subject to change
without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from
the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
for TA SECURITIES HOLDINGS BERHAD (14948-M)
MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048
(A Participating Organisation of Bursa Malaysia Securities Berhad)
Kaladher Govindan – Head of Research
Daily Note
Daily Market Commentary
(A Participating Organisation of Bursa Malaysia Securities Bhd)
Menara TA One, 22 Jalan P Ramlee, 50250 Kuala Lumpur
Tel : 603 - 2072 1277. Fax : 603 - 2032 5048
Friday, 18 November 2016
TA Research
e-mail : [email protected]
KLSE Market Statistics (17.11.2016)
(mil)
Main Market 949.3
Warrants
231.9
ACE Market 204.9
Bond
2.0
ETF
0.1
Total
1,388.2
Off Market 316.3
Volume
+/-chg (RMmn)
-424.3 1,382.4
-4.5
49.8
-19.2
30.1
0.7
0.3
0.11
0.1
1,462.7
257.7
859.5
Value
+/-chg
-599.9
1.8
-9.4
0.1
0.12
833.0
Major Indices
Index
+/- chg
Malaysia
FBMKLCI
FBMEMAS
FBMSCAP
Nov Futures
Other Markets
DOW JONES
NASDAQ (US)
FTSE (UK)
NIKKEI (JAPAN)
KOSPI (KOREA)
HANG SENG (HK)
FSSTI (S'PORE)
SET (BANGKOK)
JCI (JAKARTA)
SHANGHAI
SHENZHEN
AUSTRALIA
(mn)
251.7
23.0
13.5
7.0
6.4
4.0
3.8
2.5
2.4
1.0
Review & Outlook
Up Down
241
282
42
80
46
31
3
2
0
2
332
397
% chg
% YTD chg
1,626.77
11,459.81
14,967.58
1,632.00
-0.86
-19.15
-20.40
4.50
-0.05
-0.17
-0.14
0.28
-3.88
-2.83
-6.12
-3.35
18,903.82
5,333.97
6,794.71
17,862.63
1,980.55
22,262.88
2,813.48
1,473.85
5,193.02
3,208.45
2,116.86
5,338.54
35.68
39.39
44.99
0.42
0.90
-17.65
19.49
-0.79
7.55
3.40
-7.99
10.87
0.19
0.74
0.67
0.00
0.05
-0.08
0.70
-0.05
0.15
0.11
-0.38
0.20
8.49
6.52
8.85
-6.15
0.98
1.59
-2.40
14.43
13.06
-9.34
-8.32
0.81
Off Market
ABFMY1
SIME
GAMUDA
TM
F&N
EKOVEST
KLK
PPB
IRETEX
IBHD
Value/
Volume
1.46
0.21
0.15
0.15
1.10
1.05
2.72
(RM)
@ 1.08
@ 8.00
@ 4.83
@ 6.35
@ 23.74
@ 2.43
@ 23.90
@ 15.95
@ 0.21
@ 0.61
Bursa Malaysia shares fell on Thursday, weighed down by selected bluechip heavyweights, as key regional markets fluctuated ahead of US inflation
data and testimony from Federal Reserve Chair Janet Yellen that will help
shape interest-rate expectations. The KLCI eased 0.86 points to close at
1,626.77, off an early high of 1,629.81 and low of 1,620.94, as losers edged
gainers 397 to 332 on reduced turnover of 1.38bn shares worth
RM1.46bn.
Market undertone should remain cautious amid uncertainty over
implementation of trade and immigration policies by the new US
administration, and volatile oil prices. On the index, key retracement
support remains at 1,616, the 50%FR of the 1,503 low to the 1,729 high,
which must hold to prevent a re-test of the January low of 1,600. Immediate
resistance stays at the 38.2%FR at 1,643, with the 100 and 200-day
moving average levels of 1,664 and 1,667 respectively acting as stronger
overhead resistance.
Any further strength on Sime Darby shares towards the 10-day ma
(RM8.14), with stronger resistance seen at the upper Bollinger band
(RM8.33), should encourage profit taking, while immediate supports are
at RM7.82 and RM7.77, the respective 100 and 200-day ma. Likewise,
further gains on Tenaga will be attractive to take profit, especially towards
the 76.4%FR (RM14.35) and upper Bollinger band (RM14.44), while key
chart supports are at 61.8%FR (RM14.02) and 50%FR (RM13.75).
News Bites
•
•
•
•
Top 10 KLCI Movers Based on
Mkt Cap.
•
Counter
•
Mkt Cap.
(RM’mn)
YTLCORP
75,531
ASTRO
43,034
HAPSENG
42,266
KLCCSS
41,681
PBBANK
40,908
TENAGA
27,542
PETGAS
25,453
RHBBANK 18,897
IOICORP
18,446
HLBANK
17,087
Chg
Vol.
(RM) (mn)
-0.10
4.98
-0.03
1.05
-0.04
0.79
-0.09 24.99
-0.09
2.19
-0.03
5.46
-0.02
0.77
-0.04
0.39
-0.03
0.32
-0.24
0.06
Important Dates
SOP - 2:7 Rights Issue - RI of up to 127.8m shares.
2 rights shares for every 7 existing shares held, at an issue price of
RM2.80 per rights share.
Entitlement Date: 15/11/2016.
Trading of Rights: 16/11 - 22/11/2016.
Application Closed: 30/11/2016. LISTING ON: 15/12/2016.
•
•
•
•
MTD ACPI Engineering Bhd has secured a RM678.7mn contract from
MRT Corp.
CIMB Bank Bhd is cautiously optimistic of maintaining its loan growth
for the consumer banking segment at 7% in 2017, a similar growth
rate for this year.
Malaysian Resources Corp Bhd is disposing of a 1 acre plot of land to
MRT Corp for RM180mn due to concerns over its proximity to the
construction of the MRT Line 2.
Palette Multimedia Bhd has signed a partnership deal with Shanghai
International Medical Centre to provide its healthcare services in
China.
Pasukhas Group Bhd has initiated litigation proceedings to avoid
paying RM1.7mn to a company for construction work in an apartment
project in Ipoh.
YTL Corp Bhd's net profit dropped 25% to RM150.3mn for 1QFY17
from RM202.6mn a year earlier, as it saw lower profit contribution
from all but two of its seven business segments.
YTL Power International Bhd's 1QFY17 core profit of RM144mn (33% YoY) was within our expectations and consensus, accounting
for 20% and 24% of full-year forecasts respectively.
Gas Malaysia Bhd's pre-tax profit for 3Q16 rose to RM55.6mn from
RM44.5mn in the same period last year.
Foreign direct investment into the Chinese mainland rose 4.2% year
on year to reach 666.3bn yuan (USD98bn) in the first ten months of
the year.
Federal Reserve Chairwoman Janet Yellen reiterated that an increase
in short-term interest rates "could well become appropriate relatively
soon," and offered no new signals about what the central bank will do
at its meeting next month.
Exchange Rate
USD/MYR
4.3820 -0.0093
USD/JPY
110.17 0.5300
EUR/USD
1.063 -0.0086
Commodities Futures
Palm Oil (RM/mt)
2,876.00 21.00
Crude Oil ($/Barrel)
44.93 -0.40
Gold ($/tr.oz.)
1,216.00 -9.00
DISCLAIMER
The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are subject to change without
notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use
of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
for TA SECURITIES HOLDINGS BERHAD
Kaladher Govindan, Head of Research
Technical Comments: Any further strength on Sime Darby shares towards the 10-day ma (RM8.14), with stronger resistance seen at
the upper Bollinger band (RM8.33), should encourage profit taking, while immediate supports are at RM7.82 and RM7.77, the
respective 100 and 200-day ma. Likewise, further gains on Tenaga will be attractive to take profit, especially towards the 76.4%FR
(RM14.35) and upper Bollinger band (RM14.44), while key chart supports are at 61.8%FR (RM14.02) and 50%FR (RM13.75).
SIME DARBY
Upper
Middle
RM8.05 (+0.03)
BOLLINGER BANDS
RM
RM
8.33
8.12
10-day
30-day
RM
7.91
50-day
Lower
DMI
Recent Signal
SELL
7.93
Recent Signal
SELL
Signal Change
TENAGA
Recent Signal
Signal Change
RM
DAILY MACD
Signal Change
Upper
Middle
Lower
SIMPLE MOVING AVERAGES
RM 8.14
RM 8.03
BOLLINGER BANDS
RM
RM
RM
DMI
RM14.22 (+0.02)
14.44
14.29
14.15
SELL
RM 14.24
RM 14.33
RM 14.36
DAILY MACD
Recent Signal
SELL
Signal Change
10-day
30-day
50-day
Page 2 of 2
TA Securities
Friday, November 18, 2016
FBMKLCI: 1,626.77
A Member of the TA Group
MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR,
MALAYSIA TEL: +603-20721277 / FAX: +603-20325048
Daily Brief
Market View, News In Brief: Corporate, Economy, and Share Buybacks
THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY*
TA Research Team Coverage
Market View
Tel: +603-2072 1277
[email protected]
www.taonline.com.my
Cautious Amidst External Uncertainties
Bursa Malaysia shares fell on Thursday, weighed down by selected blue-chip heavyweights,
as key regional markets fluctuated ahead of US inflation data and testimony from Federal
Reserve Chair Janet Yellen that will help shape interest-rate expectations. The KLCI eased
0.86 points to close at 1,626.77, off an early high of 1,629.81 and low of 1,620.94, as losers
edged gainers 397 to 332 on reduced turnover of 1.38bn shares worth RM1.46bn.
Key Support stays at 1,616, Resistance at 1,643
Market undertone should remain cautious amid uncertainty over implementation of trade
and immigration policies by the new US administration, and volatile oil prices. On the index,
key retracement support remains at 1,616, the 50%FR of the 1,503 low to the 1,729 high,
which must hold to prevent a re-test of the January low of 1,600. Immediate resistance stays
at the 38.2%FR at 1,643, with the 100 and 200-day moving average levels of 1,664 and 1,667
respectively acting as stronger overhead resistance.
Sell on Strength Sime Darby and Tenaga
Any further strength on Sime Darby shares towards the 10-day ma (RM8.14), with stronger
resistance seen at the upper Bollinger band (RM8.33), should encourage profit taking, while
immediate supports are at RM7.82 and RM7.77, the respective 100 and 200-day ma.
Likewise, further gains on Tenaga will be attractive to take profit, especially towards the
76.4%FR (RM14.35) and upper Bollinger band (RM14.44), while key chart supports are at
61.8%FR (RM14.02) and 50%FR (RM13.75).
US Economic Outlook and Oil Weigh on Asian Markets
A drop in oil prices weighed on Asian stocks on Thursday, ahead of inflation, jobs and export
data expected from the U.S. Crude prices declined following data from the U.S. Energy
Information Administration on Wednesday that crude oil inventories in the country were
higher than expected last week on rising imports and a build-up in Oklahoma. Investors will
keep an eye on the October consumer prices, weekly jobless claims and export data from U.S.
followed by the U.S. congressional testimony from U.S. Federal Reserve Chairwoman Janet
Yellen. Nikkei 225 was unchanged at 17,862.63, recovering from earlier losses of nearly 0.4
percent. The Japanese benchmark index had been up nearly 10 percent since November 9.
China stocks closed slightly higher on Thursday, snapping a two-session losing streak, as
gains for big-cap infrastructure stocks offset a weak resources sector. The blue-chip CSI300
index rose 0.2 percent, to 3,436.54, while the Shanghai Composite Index gained 0.1 percent
to 3,208.45 points. Meanwhile, the ASX 200 bucked the trend to finish up 0.2 percent, or
10.828 points, at 5,338.5 after initial losses of more than 0.3 percent. The benchmark index
saw the biggest losses in its energy sub-index, which was down 1.2 percent.
Wall Street Lifted By Economic Data and Yellen Remarks
The S&P 500 Index neared an all-time high Thursday, as investors parsed through economic
data and Federal Reserve Chair Janet Yellen's testimony. Yellen, the head of the Federal
Reserve, testified in front of Congress. In prepared remarks, Yellen said a rate hike could be
"appropriate relatively soon," adding there are dangers to waiting too long to tighten
Page 1 of 8
TA Securities
18-Nov-16
monetary policy. Yellen also said she would not step down from her post until her term is
done. A large number of market participants expect the central bank to raise interest rates
next month. According to the CME Group's Fed-Watch tool, market expectations for a
December rate hike were around 90 percent Thursday. Thursday also saw a number of
economic data reports release, as housing starts soared more than 25 percent in October,
while weekly jobless claims dropped to their lowest level since November 1973. Meanwhile,
October CPI rose 0.4 percent, in line with expectations.
The Dow Jones industrial average rose 35.68 points, or 0.19 percent, to 18,903.82 the S&P
500 gained 10.18 points, or 0.47 percent, to 2,187.12 and the Nasdaq Composite added 39.38
points, or 0.74 percent, to 5,333.73.
Page 2 of 8
TA Securities
18-Nov-16
News In Brief
Corporate
MTD ACPI Engineering Bhd has secured a RM678.7mn contract from MRT Corp. The
contract is for the construction and completion of viaduct guideway and other associated
works for the stretch from Taman Pinggiran Putra to Persiaran Alpina of the MRT Sungai
Buloh-Serdang-Putrajaya Line. (Bursa Malaysia/ Bernama)
Gas Malaysia Bhd's pre-tax profit for 3Q16 rose to RM55.6mn from RM44.5mn in the same
period last year. Revenue increased to RM1.1bn from RM895.5mn previously. The better
revenue is due to the upward revision of natural gas tariffs which took effect in July 15,
2016 and higher volume of gas sold in the current quarter. (Bursa Malaysia/ Bernama)
CIMB Bank Bhd is cautiously optimistic of maintaining its loan growth for the consumer
banking segment at 7% in 2017, a similar growth rate for this year. Despite the market
challenges this year, consumer banking loans have grown by 7% this year. (The Star)
Malaysian Resources Corp Bhd is disposing of a 1 acre plot of land to MRT Corp for
RM180mn due to concerns over its proximity to the construction of the MRT Line 2. It was
in the initial stage of developing a block of serviced apartments on the land prior to
receiving notice that the alignment of the MRT Line 2 crosses the site directly below the
land. (Bursa Malaysia/ The Edge)
YTL Corp Bhd's net profit dropped 25% to RM150.3mn for 1QFY17 from RM202.6mn a
year earlier, as it saw lower profit contribution from all but two of its seven business
segments. Its revenue narrowed 21% to RM3.5bn from RM4.5bn in the previous year. Its
business divisions saw lower profit, with the exception of its construction and hotels
divisions, which saw 16.7% and 117.8% improvement in pretax profit, respectively. (Bursa
Malaysia/ The Edge)
Guocoland (Malaysia) Bhd saw its 1QFY17 fall nearly 99% YoY to RM265k RM21.3mn,
largely because it had recorded a fair value gain of some RM16.7mn in the previous year.
Revenue, meanwhile, weakened 24.4% YoY to RM53.5mn from RM70.8mn, on lower
contribution from its residential projects in Damansara City, namely the Oval and
Amandarii. (Bursa Malaysia/ The Edge)
Malayan Flour Mills Bhd's net profit for 3QFY16 rose 33.6% to RM13.8mn from
RM10.4mn a year earlier. Quarterly revenue, meanwhile, rose a marginal 0.4% only to
RM610.9mn from RM608.2mn a year ago. It was due to higher sales volume recorded in
poultry integration segment. (Bursa Malaysia/ The Edge)
Far East Holdings Bhd’s net profit rose 59% to RM69.4mn in 3QFY16, from RM28.4mn a
year earlier, on higher average crude palm oil and kernel prices. Revenue grew 7.8% to
RM99.4mn from RM92.2mn. (Bursa Malaysia/ The Edge)
Ann Joo Resources Bhd reported a net profit of RM22.9mn for 3QFY16 compared with a
net loss of RM82.3mn a year ago. It attributed the improved performance to a recovery in
the selling price of various steel products and better cost structure. Revenue, meanwhile,
dropped by a marginal 0.5% to RM323.7mn from RM325.5mn in 3QFY15. (Bursa Malaysia/
The Edge)
Tambun Indah Land Bhd posted a 6.1% increase in net profit to RM25.2mn in 3QFY16
against RM23.8mn a year ago, due to higher other income and lower administrative
expenses. However, 3QFY16 revenue fell 0.9% to RM85.4mn versus RM86.2mn. (Bursa
Malaysia/ The Edge)
Page 3 of 8
TA Securities
18-Nov-16
Technology provider Palette Multimedia Bhd has signed a partnership deal with Shanghai
International Medical Centre (SIMC) to provide its healthcare services in China. SIMC will
adopt Palette Multimedia's mobile healthcare platform i-medic for all its doctors and
specialists. (The Star)
Pasukhas Group Bhd has initiated litigation proceedings to avoid paying RM1.7mn to a
company for construction work in an apartment project in Ipoh. Its wholly-owned unit
Pasukhas Sdn Bhd is suing Townscapes Builders Sdn Bhd. (Bursa Malaysia/ The Edge)
Page 4 of 8
TA Securities
18-Nov-16
News In Brief
Economy
Asia
China's FDI inflow rises 4.2% in Jan-Oct
Foreign direct investment (FDI) into the Chinese mainland rose 4.2% year on year to reach
666.3bn yuan (USD98bn) in the first ten months of the year, official data showed Thursday.
The growth rate is unchanged from the January-September period, according to the
Ministry of Commerce. The service industry continued to attract massive foreign
investment from January to October, said Tang Wenhong, head of the ministry's foreign
investment division. FDI in the service sector, which accounted for 70.7% of all investment,
increased 9.1% year on year during the period. In particular, FDI in high-tech services
skyrocketed 90.2% from a year earlier to reach 79.18bn yuan. In the first ten months, FDI
from the United States surged 79.8%, while that from the European Union soared 41.5%.
The number of newly-established foreign companies with investment of over 100mn
dollars totaled 600. FDI in China's western regions jumped 29.8% year on year to 49.27bn
yuan during the 10-month period, while the more developed eastern areas attracted
582.82bn yuan in investment, up 6.9%. (China Daily)
BoJ Fights Off Spike in JGB Yields in Test of Revamped Bond-Purchase Plan
The Bank of Japan (BoJ) on Thursday fired a warning shot to markets by offering to buy
unlimited bonds for the first time under a revamped policy framework, as domestic debt
yields surged in the wake of Donald Trump's upset US election victory. BoJ governor
Haruhiko Kuroda said the central bank will not stand idly by as Japanese government bond
yields jumped in sympathy with moves in US Treasuries, taking the challenge to markets as
policymakers tried to keep borrowing costs low to spur stubbornly low inflation. The BoJ
offered to buy an unlimited amount of bonds at minus 0.04% in the five-year JGB notes and
minus 0.09% in the two-year paper, employing a method the bank unveiled in September to
achieve its new policy to control the entire yield curve, rather than just short-term interest
rates. The market's response was quick, with the five-year JGB yield falling back to minus
0.095% from minus 0.065%. The two-year yield fell to minus 0.150%, down 4.0 basis
points on the day. The BoJ's bond-buy offer attracted no bids as market players can sell
them at a lower yield, or a higher price, in the market. (The Star Online)
Australia Employment Snaps 2-Month Fall in October
Employment change in Australia snapped 2-month fall during the period of October, while
the jobless rate held steady at 3-year low. However, the change in employment remained
sharply below market expectations, signaling that the labor market has yet not fully
recovered from early lows. We expect AUD/USD to remain bullish following the rebound in
employment statistics. Australia’s employment rose by 9,800 in October in seasonally
adjusted terms, missing expectations for an increase of 20,000, data released by the
Australian Bureau of Statistics showed Thursday. However, the rate of unemployment
remained steady at 5.6%, while the participation rate slightly declined to 64.4%, from
64.5% in September. (EconoTimes)
Singapore's Exports Slump, Trump Raise Recession Risks
Singapore's exports in October contracted sharply as sales to major markets fell, raising the
risk of a recession in the trade-dependent economy amid heightened uncertainty around
global trade in the wake of Donald Trump's US election victory. The affluent city-state's
economy has been on the ropes in the last two years as exports fell away amid slow world
growth, and Trump's upset had added another layer of doubt on trade given his
protectionist policy stance. Non-oil domestic exports (NODX) skidded 12.0% last month
from a year earlier, the trade agency International Enterprise Singapore said in a statement,
far worse than the median forecast of a 3.5% decline in a Reuters poll. The central bank in
October held policy steady despite a surprisingly sharp economic contraction in the third
quarter. (Reuters)
Page 5 of 8
TA Securities
18-Nov-16
Philippines' Robust Q3 Growth Beats Expectations
The Philippine economy grew at its fastest pace in more than three years in July-September,
most of President Rodrigo Duterte's first 100 days in office, setting him up to meet the
ambitious target he set for the year. Duterte, who was elected in May, inherited an economy
that has enjoyed 70 quarters of uninterrupted growth, buoyed mainly by domestic demand
fuelled by remittances from migrant workers. That momentum, further boosted by election
campaign spending in the first two quarters of the year, resulted in the third quarter's
forecast-topping 7.1% growth. Such rapid expansion made the Philippines the fastest
growing economy in Asia by far, outpacing even China. On a quarter-on-quarter basis, gross
domestic product expanded 1.2%, the national statistics agency said, slightly above the
1.1% growth projected in a Reuters poll, but slower than the previous quarter's 2.1%.
Growth in the third quarter was supported by household consumption, which sustained its
7%-plus annual rate pace. Fixed capital investment growth topped 20%, with public
construction continuing its double-digit growth. Private construction grew a sharp 16.2%
in the third quarter compared with 8.0% over April-June. (The Star Online)
U.S.
U.S. Consumer Prices Rose in October
U.S. consumer prices increased in October from a year earlier at the fastest rate in two
years, the latest sign inflation pressures in the economy are firming. The consumer-price
index, measuring what Americans pay for everything from rent to razors, advanced a
seasonally adjusted 0.4% from a month earlier, the Labor Department said. Excluding the
volatile costs of food and energy, so-called core prices rose 0.1%. Economists surveyed by
The Wall Street Journal had projected overall prices to rise 0.4% and core prices to increase
0.2%. Higher prices for gasoline and shelter drove the gain. Compared with a year earlier,
overall prices grew 1.6% in October. Core prices grew 2.1% from a year earlier. Consumer
prices increased in seven of the past eight months and those gains have accelerated since
the summer. The advances lifted the inflation gauge from essentially flat a year ago to a rate
of increase that is more consistent with a steadily growing economy. Inflation has been
mostly subdued for the past several years, largely due to falling energy prices, an effect that
is now fading. Economists view weak inflation as a symptom of a sluggish economy without
enough demand or income gains to allow firms to command higher prices. Federal Reserve
policy makers target 2% annual price increases as a healthy level that is neither too weak
nor a sign of an overheating economy. The CPI report showed energy prices in October rose
3.5%. Gasoline costs were up 7%, but down 0.9% from a year earlier. Shelter costs, which
account for a third of the index, rose 0.4% last month, and were up 3.5% from a year
earlier. Food prices were flat for the fourth straight month in October. The costs of medical
services were flat. (The Wall Street Journal)
U.S. Housing Starts Jump 25.5% in October
Both housing starts and permits for new construction rose in October, a sign residential
construction is ramping up to meet steady demand. Housing starts rose 25.5% in October
to an annual rate of 1.323 million, the Commerce Department said, as multifamily housing
starts came back with a vengeance. Single-family starts also continued to climb, reaching a
rate of 869,000. Starts in structures with five or more units, such as condos or apartment
buildings, posted a 74.5% gain to hit a rate of 445,000 in October. Building permits issued
for privately owned housing units rose 0.3% in October from the prior month to a
seasonally adjusted annual rate of 1.229 million. Permits for single-family homes, about
60% of all permits, rose 2.7% to a rate of 762,000. Economists surveyed by The Wall Street
Journal had expected overall October permits to fall to a 1.20 million annual rate and starts
to rise to a 1.15 million pace. Construction typically begins a month or two after a permit is
issued. Monthly housing figures are often choppy and can be subject to large revisions.
September permits were unrevised at 1.225 million. September starts were revised up
slightly to 1.054 million from 1.047 million. October’s permits figure, based on a survey of
local governments, had a margin of error of 2.0 percentage points. Last month’s starts
number, based on a survey of builders and homeowners, came with a margin of error of
12.6 percentage points. Through the first 10 months of the year, permits were up just 0.7%
compared with the same period in 2015, reflecting a drop in permits for buildings with five
or more units that nearly erased gains for single-family permits. Starts were up 5.9%
Page 6 of 8
TA Securities
18-Nov-16
through October, again led by gains in the single-family sector. (The Wall Street Journal)
U.S. Jobless Claims Fall
The number of Americans applying for first-time unemployment benefits fell to a multi
decade low last week, a sign of continued strength in the U.S. labour market. Initial jobless
claims, a proxy for layoffs, dropped 19,000 in the week ended Nov. 12 to a seasonally
adjusted 235,000, the lowest level since November 1973, the Labor Department said
Thursday. Economists surveyed by The Wall Street Journal had expected 255,000 new
claims. Jobless claims for the week ended Nov. 5 were left unrevised at 254,000. Initial
claims have remained below 300,000 for 89 straight weeks, the longest such streak since
1970—when the workforce and U.S. population were far smaller than they are today. Still,
data on unemployment-benefit applications can be volatile from week to week. The fourweek moving average for initial claims fell last week by 6,500 to 253,500. (The Wall Street
Journal)
Philly Fed Survey Shows Slower Growth in November
The manufacturing sector in the mid-Atlantic region saw slower growth in November
compared to the previous month, according to the results of a closely watched regional
survey. New orders and shipments grew at a faster pace, but prices rose and labour
conditions remained week. The Philadelphia Federal Reserve said its index of general
business activity dipped to 7.6 in November, compared to a reading of 9.7 in the previous
month. Any reading above zero indicates expansion in the sector. The results are compiled
from a survey conducted of manufacturers in the region. It is one of the more closely
watched regional factory surveys. November's dip came despite stronger growth in both
new orders and shipments. The orders index rose to 18.6, compared to 16.3 in October. The
shipments index was up to 19.5 compared to a previous reading of 15.3. Inventories
expanded in November after a draw down in the previous month. The index measuring
company stockpiles came in at a positive 13.4 for the month, compared to negative 12.8 in
October. This was the first time the current inventories index had been in positive territory
for 17 months. (RTT News)
Fed’s Yellen: Rate Increase Could Become Appropriate ‘Relatively Soon’
Federal Reserve Chairwoman Janet Yellen reiterated that an increase in short-term interest
rates “could well become appropriate relatively soon,” and offered no new signals about
what the central bank will do at its meeting next month. Officials decided to hold off on
raising rates at their last meeting after judging that there was “somewhat more room” for
the labour market to improve than officials had anticipated at the beginning of the year, Ms.
Yellen said in prepared testimony she will deliver at a hearing on Capitol Hill Thursday
morning. But she emphasized that policy must remain forward-looking. “Were the FOMC
[Federal Open Market Committee] to delay increases in the federal-funds rate for too long,
it could end up having to tighten policy relatively abruptly to keep the economy from
significantly overshooting both of the Committee’s longer-run policy goals,” Ms. Yellen told
the Joint Economic Committee in her prepared remarks. “Moreover, holding the federalfunds rate at its current level for too long could also encourage excessive risk-taking and
ultimately undermine financial stability.” Ms. Yellen didn't make any comments about the
results of the presidential election. Fed officials have left their benchmark federal-funds
rate unchanged this year after raising it in December 2015 to a range between 0.25% and
0.50%. Policy makers have signalled in recent weeks that they are closer to lifting rates
again amid steady job growth, accelerating wage gains and signs of firming inflation. Fed
officials will next meet on Dec. 13-14. The Fed chief said officials’ decision to leave rates
unchanged last month “does not reflect a lack of confidence in the economy.” The pace of
wage gains has stepped up recently, economic growth appears to have picked up from its
subdued pace earlier in the year and consumer spending has continued to post moderate
gains, Ms. Yellen said. (The Wall Street Journal)
Page 7 of 8
TA Securities
18-Nov-16
U.K.
Retail Sales Boom in October as Shoppers Bag Winter Bargains
British retail sales grew at the fastest annual pace in 14 years in October as shoppers
stocked up on winter clothing and bumper Halloween sales gave supermarkets a boost.
Total sales volumes jumped 1.9% in October compared with September, driven by clothing
and footwear sales. This pushed up the annual rate of growth to 7.4%, representing the
strongest pace of growth since April 2002. The figures provide further evidence that
consumer confidence remains robust following the Brexit vote, which pushed the pound
briefly above $1.25 against the dollar in early trading. All store types posted increases,
according to the Office for National Statistics (ONS), which noted that the value of online
sales in October rose at the fastest annual pace since the start of 2011. Economists said they
believed the figures were also boosted by a rise in spending by foreign visitors following
the dramatic drop in the value of the pound. (Telegraph.co.uk)
Europe
More Expensive Services Drive Eurozone Inflation Higher in October
Eurozone consumer price growth accelerated slightly in October as expected thanks to
more expensive services and smaller energy price falls, data from the European Union's
statistics office Eurostat showed. Eurostat confirmed its earlier estimate that inflation last
month was 0.5% year-on-year, up from 0.4% in September and 0.2% in August. On a
monthly basis prices went up 0.2% in October. The biggest upward push on the index came
from rising prices in restaurants and cafes, which added 0.07 points to the final reading and
from higher rents, which added 0.04 points. Cheaper vegetables and gas subtracted 0.06
points and 0.12 points respectively from the final year-on-year number in October. Overall
the prices of services in the 19 countries sharing the euro rose 1.1% year-on-year in
October, the same as in the previous two months. Without the volatile components of
unprocessed food and energy, inflation was 0.1% month-on-month and 0.7% year-on-year,
a slight deceleration from the 0.8% annual price growth in the previous five months. The
European Central Bank wants to keep inflation below, but close to 2% over the medium
terms and is buying euro zone government bonds on the secondary market to inject cash
into the banking system and make banks lend more to the real economy to boost inflation
closer to its target. (Reuters)
Share Buy-Back: 17 Nov 2016
Company
DUFU
LIONFIB
LIONIND
NYLEX
PARKSON
SEM
SIGN
SUNWAY
YILAI
Bought Back
Price (RM)
Hi/Lo (RM)
34,300
3,000
102,300
5,000
100,000
640,100
22,600
150,000
100,000
0.60
0.49
0.405/0.40
0.57/0.56
0.75
1.75/1.72
0.805/0.080
3.00/2.99
0.84
0.60/0.59
0.49/0.47
0.405/0.395
0.57/0.56
0.75/0.74
1.75/1.72
0.83/0.795
3.03/2.99
0.84
Total Treasury
Shares
8,651,900
3,745,000
30,588,800
2,356,924
18,586,880
110,500,000
4,681,200
31,786,000
7,495,508
Source: Bursa Malaysia
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions
are subject to change without notice.
This report is for information only and not to be construed as a solicitation for contracts.
liability for any direct or indirect loss arising from the use of this document.
the securities and/or companies mentioned herein.
Page 8 of 8
We accept no
We, our associates, directors, employees may have an interest in
SNAPSHOT OF STOCKS UNDER COVERAGE
Company
AUTOMOBILE
BJAUTO
MBMR
UMW
Share Price
(RM)
17-Nov-16
2.08
2.52
5.15
BANKS & FINANCIAL SERVICES
AFG
3.64
AFFIN
2.24
AMBANK
4.06
CIMB
4.70
HLBANK
12.90
MAYBANK
7.75
PBBANK
19.56
4.60
RHBBANK
BURSA
8.59
Target Price
BETA
(RM)
EPS (sen)
FY16 FY17
PER (X)
FY16 FY17
Div Yield (%)
FY16 FY17
% Chg
YTD
2.57
2.30
4.52
0.98
0.71
1.14
17.3
24.1
-4.0
17.4
25.2
27.2
12.1
10.5
na
11.9
10.0
18.9
8.1
2.4
0.0
6.7
2.4
3.5
2.44
2.83
8.35
-14.8
-11.0
-38.3
1.79
1.94
4.88
16.3
29.9
5.5
0.5
5.0
-34.6
3.70
2.40
4.50
5.60
13.00
8.00
20.30
5.00
9.30
1.18
0.84
1.21
1.18
0.65
0.98
0.87
1.17
0.65
34.2
22.7
43.2
42.7
92.8
60.0
130.4
48.9
37.1
36.0
23.2
46.8
50.8
101.7
72.8
134.2
53.7
41.7
10.6
9.9
9.4
11.0
13.9
12.9
15.0
9.4
23.1
10.1
9.7
8.7
9.2
12.7
10.6
14.6
8.6
20.6
4.0
2.0
3.8
3.7
3.2
7.0
2.9
2.6
4.0
4.1
2.1
3.9
4.4
3.2
5.8
2.9
2.6
4.0
4.37
2.45
4.78
5.10
13.80
9.20
20.10
5.18
9.43
-16.7
-8.6
-15.1
-7.8
-6.5
-15.8
-2.7
-11.2
-8.9
3.07
2.08
3.90
3.89
12.62
7.50
17.76
3.85
8.06
18.6
7.7
4.1
21.0
2.2
3.3
10.1
19.4
6.6
2.2
-4.3
-10.4
4.7
-4.0
-7.7
5.6
5.5
2.9
0.51
3.38
-14.7
-18.6
0.36
1.80
20.8
52.8
1.2
29.7
5.00
3.61
0.92
1.74
1.98
6.06
-3.6
-9.6
-32.1
-6.9
-1.5
-3.0
4.30
3.07
0.41
1.28
1.41
4.90
12.1
6.2
54.3
26.6
38.3
20.0
3.4
-2.7
-18.3
15.7
21.1
17.6
2.41
-17.0
1.93
3.6
-12.7
CONSTRUCTION
BPURI
0.44
0.44
0.93
5.2
6.2
8.3
7.0
0.0
0.0
GADANG
2.75
3.59
0.84 36.4
32.3
7.6
8.5
2.5
2.5
Note: GADANG proposed bonus issue shares & warrants. For more detail please refer to 26.08.16 report.
GAMUDA
4.82
5.62
0.99 25.8
33.0
18.6 14.6 2.5
2.5
IJM
3.26
3.23
0.98 13.6
16.9
23.9 19.3 3.1
2.9
SENDAI
0.63
0.66
1.24 11.3
11.0
5.5
5.7
0.8
1.6
SUNCON
1.62
1.85
na
11.2
12.3
14.5 13.2 3.1
3.4
WCT
1.95
1.54
1.06 10.4
13.1
18.7 14.8 1.5
1.5
LITRAK
5.88
5.58
0.21 33.1
47.7
17.7 12.3 4.3
4.3
Building Materials
WTHORSE
2.00
2.32
0.48 18.5
23.2
10.8
8.6
5.0
5.0
CONSUMER
Brewery
CARLSBG
HEIM
Retail
AEON
AMWAY
F&N
NESTLE
PADINI
POHUAT
QL
SIGN
Tobacco
BAT
52weeks
52weeks
High Price % Chg Low Price % Chg
13.90
16.00
15.52
19.73
0.56
0.56
72.6
85.8
76.9
90.1
19.2
18.6
18.1
17.8
5.2
4.8
5.5
5.1
15.20
18.74
-8.6
-14.6
11.30
12.63
23.0
26.7
18.8
23.4
2.81
7.76
23.58
78.50
2.82
1.65
4.40
0.82
2.55
8.00
21.59
88.16
4.00
2.08
4.91
1.26
0.70
0.43
0.43
0.42
0.57
0.69
0.60
0.69
7.1
33.0
105.1
325.5
20.9
22.5
15.4
11.0
7.2
35.3
98.5
343.1
23.5
22.9
19.0
12.2
39.6
23.5
22.4
24.1
13.5
7.3
28.6
7.5
39.3
22.0
23.9
22.9
12.0
7.2
23.1
6.7
0.7
3.4
2.4
3.7
4.1
4.8
1.0
14.6
0.7
3.6
2.5
3.9
5.3
4.8
1.2
6.1
3.00
9.83
27.00
81.80
3.08
2.12
4.65
1.24
-6.3
-21.0
-12.7
-4.0
-8.4
-22.2
-5.4
-33.9
2.47
7.47
17.90
72.13
1.53
1.41
4.05
0.72
13.8
3.9
31.7
8.8
84.3
17.0
8.6
13.8
2.9
-17.2
27.5
7.2
51.8
-19.5
2.6
-2.3
43.60
56.00
0.95
248.5
278.0
17.5
15.7
5.5
6.2
58.94
-26.0
40.70
7.1
-22.3
7.75
4.53
9.01
5.23
1.25
1.13
43.5
25.6
43.2
25.6
17.8
17.7
18.0
17.7
0.5
1.8
0.6
1.8
9.90
4.97
-21.7
-8.9
6.91
4.05
12.2
11.9
5.6
3.4
3.03
0.06
4.03
0.10
0.70
0.86
23.6
0.1
24.6
0.2
12.8
53.3
12.3
27.9
6.3
0.0
6.9
0.0
3.47
0.09
-12.7
-38.9
2.88
0.05
5.2
10.0
-0.7
-31.3
6.35
4.20
6.55
4.70
0.85
0.56
11.7
13.0
15.1
15.5
54.2
32.2
42.2
27.0
0.5
1.3
0.6
1.5
6.79
4.40
-6.5
-4.5
6.15
4.06
3.3
3.4
-3.5
-0.5
4.86
6.94
2.28
5.12
2.55
3.85
7.25
2.20
4.70
2.70
0.52
0.12
0.71
-0.09
0.42
15.6
33.1
15.2
28.8
6.7
16.3
38.1
19.5
24.5
7.4
31.1
21.0
15.0
17.8
38.1
29.9
18.2
11.7
20.9
34.3
1.6
2.4
2.0
2.8
0.7
1.5
2.7
2.6
2.4
0.7
6.15
9.50
3.56
7.03
3.16
-21.0
-26.9
-36.0
-27.2
-19.3
3.81
5.90
2.01
4.20
2.13
27.6
17.6
13.4
21.9
19.7
-18.2
-25.4
-29.6
-24.4
-7.4
INDUSTRIAL
SCIENTX
SKPRES
6.91
1.33
8.47
1.75
0.56
0.75
52.3
6.9
67.6
9.4
13.2
19.2
10.2
14.2
2.3
2.6
2.7
3.3
6.99
1.48
-1.1
-10.1
3.89
1.12
77.9
18.8
41.7
1.5
MEDIA
ASTRO
MEDIA PRIMA
STAR
2.70
1.23
2.45
3.40
1.25
2.15
1.01
0.80
0.55
12.6
10.6
12.3
11.9
11.3
16.4
21.4
11.6
19.9
22.6
10.9
15.0
4.4
6.9
7.3
4.6
7.4
7.3
3.02
1.54
2.70
-10.6
-20.1
-9.3
2.41
1.19
2.27
12.0
3.4
7.9
-2.2
-3.1
4.7
1.36
1.34
9.41
0.63
-51.8
-30.2
-23.4
-14.8
0.64
0.88
6.88
0.54
2.3
6.9
4.8
0.9
-41.0
-6.5
-23.1
-12.0
7.62
2.29
1.25
2.19
-9.1
-37.6
-36.0
-29.7
5.95
1.29
0.79
1.52
16.5
10.9
1.9
1.3
-4.7
-29.2
-25.2
-23.0
GAMING
Casino
GENTING
GENM
NFO
BJTOTO
LUSTER
HEALTHCARE
Hospitals
IHH
KPJ
Rubber Gloves
HARTA
KOSSAN
SUPERMX
TOPGLOV
KAREX
OIL & GAS
EATECH
0.66
0.90
na
14.6
11.3
4.5
5.8
6.7
5.2
MHB
0.94
1.03
1.73
3.1
1.4
30.0 68.3 0.0
0.0
MISC
7.21
7.68
0.90 48.8
54.9
14.8 13.1 4.2
4.2
PANTECH
0.54
0.63
1.16
5.9
5.6
9.2
9.7
5.0
4.3
Note: PANTECH proposed bonus issue shares & warrants. For more detail please refer to 10.10.16 report.
PCHEM
6.93
7.75
1.26 33.7
33.3
20.5 20.8 2.4
2.5
SKPETRO
1.43
1.48
2.33 16.8
3.3
8.5
43.0 1.0
0.0
UMWOG
0.80
0.60
1.99 -14.7 -6.5
na
na
0.0
0.0
UZMA
1.54
2.09
1.85 12.8
18.2
12.0
8.5
0.0
0.0
SNAPSHOT OF STOCKS UNDER COVERAGE
Company
Share Price
(RM)
PLANTATIONS
FGV
IJMPLNT
IOICORP
KLK
SIME
UMCCA
Target Price
BETA
(RM)
EPS (sen)
FY16 FY17
PER (X)
FY16 FY17
Div Yield (%)
FY16 FY17
52weeks
52weeks
% Chg
YTD
1.91
3.34
4.38
23.90
8.05
5.67
1.61
3.50
3.74
21.12
7.63
5.60
1.47
0.66
1.06
1.01
1.14
0.48
2.8
4.6
13.2
102.0
26.2
22.3
6.8
13.7
19.2
108.2
35.8
21.0
67.4
72.9
33.3
23.4
30.8
25.5
28.2
24.4
22.8
22.1
22.5
27.0
2.1
1.8
1.8
2.1
3.4
2.8
2.6
2.1
2.5
2.2
3.1
2.8
2.52
3.80
5.04
25.00
8.33
6.21
-24.2
-12.1
-13.1
-4.4
-3.4
-8.7
1.31
3.22
4.06
21.72
7.00
5.53
45.8
3.7
7.9
10.0
15.0
2.5
11.7
-5.9
-1.8
4.5
3.9
-6.4
0.76
1.10
2.39
1.53
0.75
3.15
3.00
0.76
1.29
2.52
1.72
0.84
3.45
3.26
0.55
0.64
0.95
0.64
0.47
0.65
0.47
10.0
31.3
15.8
14.9
5.8
24.3
28.2
8.8
25.2
16.9
15.7
9.5
26.6
28.4
7.6
3.5
15.1
10.3
13.0
13.0
10.6
8.6
4.4
14.1
9.8
7.9
11.9
10.6
5.3
3.4
3.3
3.9
2.7
4.1
3.8
7.9
3.6
3.6
3.9
2.7
4.3
3.8
0.92
1.46
2.65
1.70
0.95
3.59
3.24
-17.4
-24.4
-9.8
-10.0
-20.6
-12.3
-7.4
0.70
1.09
2.01
1.24
0.72
2.80
2.87
8.6
0.9
18.9
23.4
4.2
12.5
4.5
-12.6
-20.7
6.2
5.5
-19.4
-1.6
-2.6
1.67
1.53
1.78
1.81
0.51
0.69
8.9
8.2
8.9
8.7
18.8
18.6
18.8
17.6
5.5
5.4
5.3
5.7
1.84
1.61
-9.2
-5.0
1.43
1.34
16.8
14.2
14.4
10.9
POWER & UTILITIES
MALAKOF
PETDAG
PETGAS
TENAGA
YTLPOWR
1.45
23.44
21.36
14.22
1.50
1.90
18.51
19.67
16.87
1.84
na
0.83
0.87
1.07
0.60
10.5
86.9
84.7
136.9
11.2
11.6
90.1
88.9
129.3
9.1
13.8
27.0
25.2
10.4
13.4
12.5
26.0
24.0
11.0
16.5
5.1
2.6
2.6
2.3
6.7
5.6
2.7
2.7
2.5
6.7
1.80
26.30
23.50
14.90
1.64
-19.4
-10.9
-9.1
-4.6
-8.5
1.34
22.16
20.54
12.60
1.38
8.2
5.8
4.0
12.9
8.7
-9.4
-5.7
-5.9
6.8
1.4
TELECOMMUNICATIONS
AXIATA
DIGI
MAXIS
TM
4.56
5.00
5.73
6.36
5.40
4.95
5.80
8.30
1.06
0.99
0.69
0.75
19.2
21.1
24.9
20.4
20.5
21.2
24.7
26.1
23.7
23.7
23.0
31.2
22.3
23.6
23.2
24.4
3.4
4.2
3.5
2.9
3.6
4.2
3.5
3.7
6.48
5.49
6.89
6.90
-29.6
-8.9
-16.8
-7.8
4.50
4.31
5.36
6.28
1.3
16.0
6.9
1.3
-28.9
-7.4
-15.7
-6.2
TECHNOLOGY
Semiconductor & Electronics
IRIS
0.16
INARI
3.39
MPI
7.54
UNISEM
2.37
0.19
3.40
8.85
2.65
1.07
0.82
0.62
0.66
0.7
15.4
85.9
20.4
0.7
20.2
80.4
23.3
23.2
22.0
8.8
11.6
21.7
16.8
9.4
10.2
0.0
2.5
3.1
5.1
2.9
2.3
3.1
5.1
0.26
3.96
10.70
2.77
-39.2
-14.4
-29.5
-14.4
0.13
2.57
6.86
1.94
19.2
31.9
9.9
22.2
-29.5
-7.5
-19.0
-0.4
2.53
6.20
3.16
6.64
1.10
1.41
53.3
5.4
42.4
9.3
4.7
115.7
6.0
66.4
1.6
1.3
1.6
1.5
3.30
7.30
-23.3
-15.1
1.26
5.08
100.8
22.0
96.1
10.5
1.67
4.26
2.03
4.82
0.89
0.65
12.0
18.2
21.7
19.3
13.9
23.4
7.7
22.1
3.0
3.2
3.3
3.4
1.76
4.59
-5.1
-7.2
1.13
3.62
47.8
17.7
21.9
3.4
PROPERTY
GLOMAC
HUAYANG
IOIPG
MAHSING
SNTORIA
SPSETIA
SUNWAY
REIT
SUNREIT
CMMT
TRANSPORTATION
Airlines
AIRASIA
AIRPORT
Freight & Tankers
TNLOGIS
WPRTS
SNAPSHOT OF FOREIGN STOCKS UNDER COVERAGE
Company
Share Price
(S$)
BANKS & FINANCIAL SERVICES
DBS
16.43
OCBC
8.83
UOB
19.43
PLANTATIONS
WILMAR
IFAR
3.37
0.48
Target Price
Beta
(S$)
FY16
FY17
FY16
FY17
FY16
FY17
52week
52week
% Chg
YTD
16.90
8.50
19.60
1.18
1.11
1.08
164.8
85.8
193.5
187.0
87.7
200.8
10.0
10.3
10.0
8.8
10.1
9.7
3.7
5.7
3.6
3.7
5.7
3.6
17.10
9.45
20.12
-3.9
-6.6
-3.4
13.01
8.84
16.80
26.3
19.2
15.7
-1.6
0.3
-0.9
3.45
0.48
0.93
1.14
20.0
0.9
28.3
3.9
16.9
53.2
11.9
12.1
1.5
0.5
2.4
0.8
3.75
0.63
-10.1
-24.0
2.37
0.82
3.8
0.6
14.6
-3.1
BUY : Total return within the next 12 months exceeds required rate of return by 5%-point.
HOLD : Total return within the next 12 months exceeds required rate of return by between 0-5%-point.
SELL : Total return is lower than the required rate of return.
Total Return is defined as expected share price appreciation plus gross dividend over the next 12 months.
Required Rate of Return of 10% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium.
RESULTS UPDATE
TA Securities
FBM KLCI: 1,626.77
Sector: Power & Utilities
MALAYSIA TEL: +603-20721277 / FAX: +603-20325048
YTL Power International Berhad
TP: RM1.84 (+23%)
Last Traded: RM1.50
Power Seraya Lightening Up
Buy
TA Research Coverage
Tel: +603-2167 9601
[email protected]
Review
YTL Power International Bhd’s (YTLP)1QFY17 core profit of RM144mn (33% YoY) was within our expectations and consensus, accounting for
20%/24% of full-year forecasts respectively.
YoY, bottomline contraction was mainly attributed to sustained losses
from Paka IPP. To recap, the plant has been idle since end-Sept 2015, as its
PPA is delayed pending a resolution to land lease issues with Tenaga. To a
smaller extent, earnings decline was also due to:- 1) lower fuel oil price
and oil trading volume at Power Seraya, 2) lower translated earnings from
Wessex due to a stronger MYR, and 3) lower associate contribution from
PT Jawa Power. Earnings was partially cushioned by narrowed losses at
the telecommunications segment, due to the launch of YES 4G.
www.taonline.com.my
Share Information
Bloomberg Code
YTLP MK
Stock Code
6742
Listing
Main Market
Share Cap (mn)
7,758.7
Market Cap (RMmn)
11,638.1
Par Value
0.50
52-wk Hi/Lo (RM)
1.64/1.38
12-mth Avg Daily Vol ('000 shrs)
2,783.0
Estimated Free Float (%)
24.0
Beta
Major Shareholders (%)
0.40
YTL Corp Berhad - 47.6
Cornerstone Crest - 6.9
Forecast Revision
FY17
QoQ, earnings were weaker mainly due to a one-off chunky recognition of
deferred tax credits following revaluation of PT Jawa Power’s assets. This
was exacerbated by losses at Paka which almost doubled, and a weaker
GBP. On the bright side, Seraya’s pretax profits surged by 27% QoQ. This
marks its 2nd consecutive quarterly uptick since earnings started free
falling back in 2Q15. In addition, pretax losses at the telecommunications
segment narrowed by almost half, on the back of YES 4G.
Impact and Outlook
We maintain our forecasts at this juncture as we expect stronger results
for the remainder of FY17. This is mainly underpinned by continued
traction at Power Seraya due to:- 1) government initiatives to limit
capacity additions and maintain stable vesting volumes, and 2) improved
contribution from high margin ancillary income (i.e. steam sales, oil
storage tank leasing, bunkering services, and potable water sales).
Valuation
FY18
0.0
0.0
Net Profit (RM mn)
707.4
871.3
Consensus
786.1
858.9
TA's / Consensus (%)
90.0
101.4
Forecast Revision (%)
Previous Rating
Buy (Maintained)
Financial Indicators
FY17
FY18
Net Debt/Equity (%)
1.1
1.2
FCFPS (RM)
0.1
0.1
P/CFPS (x)
15.3
10.9
ROE (%)
5.6
6.9
ROA (%)
1.6
2.0
NTA/Share (RM)
0.5
0.5
Price/NTA (x)
2.9
2.9
Scorecard
% of FY
vs TA
20
Within
vs Consensus
24
Within
Price Change
YTLP
FBM KLCI
1 mth
(8.5)
(2.4)
3 mth
1.4
(4.0)
6 mth
2.0
(0.5)
12 mth
0.0
(1.8)
YTL Power’s strong cashflows from Wessex Water, and stable dividends
provides refuge for investors from macro global economic headwinds. In
addition, there is earnings upside from new power plants which have not
been factored into our forecasts. These include Tg. Jati coal plant in
Indonesia and Attarat shale plant in Jordan.
Share Performance (%)
Maintain Buy on YTL Power with unchanged SOP-target price of RM1.84.
De-rating risks include:- 1) delay in rollout of 1Bestarinet’s Phase 2 or its
ultimate cancellation, 2) further reduction in vesting contracts for Power
Seraya, and 3) protracted steep losses at YES 4G.
(12-Mth) Share Price relative to the FBM KLCI
Source: Bloomberg
Page 1 of 3
TA Securities
18-Nov-16
Figure 1: Quarterly Analysis
YE 31 Dec
1Q17
4Q16
QoQ
Revenue
2340.6
2161.6
8.3
3,220.0
1Q16
(27.3)
YoY
EBITDA
553.2
543.3
1.8
782.4
(29.3)
Depreciation
(255.9)
(266.6)
(4.0)
(348.2)
(26.5)
Finance Costs
(194.2)
(201.5)
(3.6)
(238.2)
(18.5)
82.9
344.8
(75.9)
93.4
(11.2)
Associates
EI
2.8
0.2
>100
(28.8)
>-100
Pretax Profit
188.8
428.7
(56.0)
266.3
(29.1)
Taxation
(38.2)
(45.5)
(16.2)
(92.2)
(58.6)
(4.1)
(95.5)
(95.8)
12.6
>-100
(49.1)
186.7
(21.5)
Minority Interest
Reported Net Profit
146.5
287.7
Core Net Profit
143.7
287.4
(50.0)
215.6
(33.3)
Core EPS (sen)
1.9
3.7
(50.0)
3.0
(38.8)
DPS (sen)
-
EBITDA Margin
24%
25%
24%
Core Net Margin
14%
17%
13%
10.0
-
Figure 2: Segmental Analysis
YE 31 Dec
Power generation
1Q17
4Q16
0.0
0.0
1,349.5
1,133.2
Water and sewerage
762.9
788.5
Mobile broadband network
189.1
39.2
2,340.6
2,161.6
Multi-utilities business
Investment holding
Total Revenue
Power generation
Multi-utilities business
(26.0)
QoQ
n.m.
1Q16
YoY
290.1
>-100
1,869.4
(27.8)
(3.3)
865.7
(11.9)
190.6
(0.8)
143.3
32.0
49.4
(20.6)
51.5
(23.9)
8.3
3,220.0
(27.3)
(13.7)
90.2
61.1
>-100
19.1
35.0
7.7
>100
36.7
(4.7)
Water and sewerage
240.2
251.8
(4.6)
241.7
(0.6)
Mobile broadband network
(65.3)
(109.4)
(40.3)
(102.7)
(36.4)
4.9
292.2
(98.3)
29.6
(83.5)
188.8
428.7
(56.0)
266.3
(29.1)
Investment holding
Total Pretax Profit
Page 2 of 3
TA Securities
18-Nov-16
Figure 3: SOP Valuation
Equity Value
(RM mn)
Per Share
(RM)
80
0.01
Power Seraya
2,859
0.36
DCF (WACC: 9%, LT growth: 0.5%)
Wessex Water
15,428
1.92
Regulatory Capital Value, RCV (£5.50/RM)
Operating Assets
Malaysia power assets
Method
Estimated Salvage Value
35%-associate Jawa Power
1,425
0.18
DCF (WACC: 15.0%)
33.5%-associate Electranet
2,609
0.33
Regulated Asset Base, RAB (AUD3.00/RM)
54
0.01
FY16E Book Value
YES
Total
22,454
Less: Holding Co. Net Debt
(4,900)
Warrants Conversion
949
Total Equity Value
18,502
Fully diluted no of shares (mn)
8,024
FD Equity Value Per share
2.31
Holding Co. Discount
20%
Target Price
1.84
0.12
Implied CY17 PER of 21x
Figure 4: Earnings Summary
FYE Jun 30 (RM'mn)
FY15
FY16
FY17E
FY18F
FY19F
Revenue
11,858.1
10,240.5
10,112.9
10,947.6
11,177.4
EBITDA
3,135.5
2,557.4
2,590.4
3,021.5
3,209.5
EBITDA Margin
(%)
Pretax Profit
Net Profit
Core Net Profit
26.4
25.0
25.6
27.6
28.7
1,247.2
1,300.0
840.3
1,064.1
1,257.0
918.8
1,044.7
707.4
871.3
1,017.3
920.0
865.9
707.4
871.3
1,017.3
(sen)
11.2
9.7
7.9
9.8
11.4
EPS growth
(%)
(19.4)
(12.7)
(18.6)
23.1
16.7
PER
(x)
13.4
12.8
18.9
15.4
13.2
DPS
(sen)
10.0
10.0
10.0
10.0
10.0
(%)
6.7
6.7
6.7
6.7
6.7
Core EPS
Div yield
Stock Recommendation Guideline
BUY
:
HOLD :
SELL
:
Not Rated:
Total return within the next 12 months
Total return within the next 12 months
Total return is lower than the required
The company is not under coverage.
exceeds required rate of return by 5%-point.
exceeds required rate of return by between 0-5%-point.
rate of return.
The report is for information only.
Total Return is defined as expected share price appreciation plus gross dividend over the next 12 months.
Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk
premium.
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not
guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as
a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We,
our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
for TA SECURITIES HOLDINGS BERHAD(14948-M)
Page 3 of 3
TA RESEARCH’S ‘DAILY COMPILED LOCAL TECHNICAL REPORTS’
Local Technical Reports
a. Daily Technical Stock Picks
b. Daily Stock Screen
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are
subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for
any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities
and/or companies mentioned herein.
T e c h n i c a l
TA Securities
V i e w
Daily Technical Stock Picks
Malaysia
FBM KLCI: 1,626.77 (-0.86, -0.05%)
Chartist: Stephen Soo
Name
FBMKLCI
AFFIN
AFG
AMBANK
AXIATA
CIMB
DIGI
GAMUDA
GENTING
GENM
IHH
IOICORP
MALAKOFF
MAXIS
MAYBANK
MBSB
RHBBANK
SIME
TENAGA
TM
WPRTS
AIRASIA
AIRASIA X
ARMADA
BINAPURI
CMSB
DIALOG
ECO WORLD
GADANG
HSL
ISKANDAR
KIMLUN
KKBE
MUDAJAYA
MRCB
NAIM
SKPETRO
SUNCON
UEMS
WASEONG
WCT
Close
17-Nov
1626.77
2.24
3.64
4.06
4.56
4.70
5.00
4.82
7.75
4.53
6.35
4.38
1.45
5.73
7.75
0.90
4.60
8.05
14.22
6.36
4.26
2.53
0.39
0.62
0.44
3.64
1.55
1.36
2.75
1.74
0.86
2.20
1.34
0.90
1.34
1.39
1.43
1.62
1.06
0.84
1.95
Change
(0.86)
-0.03
-0.05
0.10
-0.09
-0.09
0.01
-0.02
0.01
0.03
0.00
-0.03
-0.03
-0.03
0.09
0.00
-0.03
0.03
0.02
0.02
-0.01
-0.09
-0.01
-0.02
-0.01
-0.01
0.02
0.00
0.00
0.03
0.00
0.03
-0.01
-0.01
-0.03
0.00
-0.01
-0.02
0.00
-0.01
0.02
Tel: +603-2167-9607
High
Low
1,629.81 1,620.94
2.28
3.70
4.06
4.68
4.81
5.01
4.83
7.81
4.57
6.37
4.40
1.47
5.82
7.75
0.91
4.66
8.09
14.26
6.42
4.31
2.63
0.40
0.64
0.44
3.67
1.55
1.38
2.78
1.74
0.87
2.20
1.36
0.90
1.38
1.40
1.44
1.65
1.06
0.85
1.95
2.24
3.63
3.95
4.55
4.67
4.93
4.81
7.66
4.48
6.30
4.36
1.42
5.73
7.66
0.90
4.60
7.99
14.16
6.30
4.25
2.51
0.39
0.62
0.43
3.62
1.53
1.35
2.71
1.70
0.85
2.17
1.34
0.88
1.34
1.38
1.42
1.60
1.04
0.84
1.91
Bollinger Bands
Lower
Mid
Upper
1,617.25 1,654.41 1,691.57
2.13
3.61
3.91
4.45
4.65
4.95
4.79
7.56
4.48
6.28
4.30
1.33
5.69
7.63
0.89
4.56
7.91
14.15
6.31
4.23
2.62
0.39
0.63
0.42
3.56
1.51
1.31
2.37
1.69
0.86
2.09
1.33
0.88
1.30
1.31
1.39
1.61
1.01
0.84
1.62
2.20
3.82
4.10
4.86
4.90
5.01
4.88
7.78
4.68
6.37
4.43
1.48
5.91
7.81
0.92
4.71
8.12
14.29
6.50
4.34
2.77
0.42
0.68
0.46
3.74
1.53
1.34
2.88
1.73
0.90
2.17
1.39
0.95
1.36
1.47
1.54
1.67
1.08
0.86
1.81
2.28
4.03
4.29
5.26
5.14
5.07
4.97
8.01
4.87
6.46
4.56
1.64
6.13
7.99
0.94
4.86
8.33
14.44
6.69
4.45
2.93
0.45
0.74
0.50
3.93
1.56
1.37
3.39
1.77
0.93
2.24
1.46
1.02
1.41
1.62
1.70
1.72
1.15
0.89
2.00
[email protected]
www.taonline.com.my
RSI
Moving Averages
14d
10d
30d
50d
36.52 1,639.88 1,657.85 1,662.07
DMI
MACD
DI + DI - ADX
Diff
Line Signal
Diff
13.53 34.76 26.73 (21.24) (10.50) (6.97)
(3.537)
58.67
38.95
47.89
30.90
41.00
49.98
45.26
47.21
43.24
46.11
44.85
42.70
30.24
48.85
45.49
41.53
50.03
41.28
27.35
39.88
23.83
37.88
25.27
44.66
36.17
60.02
57.63
45.73
52.06
34.06
57.26
31.35
23.43
48.95
26.88
32.66
42.59
40.18
40.79
73.47
31.05
14.29
15.91
16.13
20.75
9.42
7.26
15.59
13.45
14.38
11.10
20.02
12.91
17.80
16.90
13.50
13.13
16.62
5.72
8.60
11.98
15.38
9.01
24.82
8.35
13.72
31.91
23.75
22.33
8.54
19.85
29.01
10.33
17.69
6.98
10.65
10.18
14.93
24.98
35.60
2.23
3.75
4.03
4.68
4.80
5.00
4.85
7.79
4.62
6.34
4.38
1.42
5.83
7.79
0.91
4.67
8.14
14.24
6.43
4.32
2.74
0.42
0.66
0.45
3.66
1.53
1.34
2.68
1.72
0.88
2.19
1.37
0.92
1.34
1.40
1.48
1.65
1.05
0.86
1.89
2.19
3.81
4.10
4.97
4.87
5.00
4.87
7.84
4.71
6.40
4.44
1.53
5.96
7.76
0.91
4.69
8.03
14.33
6.57
4.33
2.79
0.41
0.69
0.46
3.79
1.53
1.34
2.92
1.74
0.90
2.16
1.40
0.97
1.35
1.51
1.58
1.67
1.12
0.86
1.77
2.17
3.84
4.14
5.14
4.83
5.00
4.87
7.89
4.65
6.44
4.45
1.58
6.05
7.75
0.90
4.73
7.93
14.36
6.66
4.36
2.81
0.41
0.70
0.43
3.83
1.53
1.33
2.91
1.74
0.90
2.14
1.43
0.99
1.34
1.58
1.57
1.65
1.13
0.87
1.72
10.17
23.76
23.86
24.87
30.60
26.88
23.86
29.00
26.23
25.39
16.44
29.50
22.23
23.04
22.70
19.78
24.94
21.86
27.77
18.46
44.17
34.10
38.17
32.21
26.27
14.58
17.02
27.40
26.67
26.15
25.78
22.91
40.48
16.48
31.57
39.38
23.31
25.77
23.25
15.23
27.68
24.41
29.85
32.00
16.67
32.86
29.97
24.88
20.41
24.25
26.11
44.44
21.46
16.23
19.28
18.58
20.31
21.52
54.23
27.28
19.36
33.83
25.78
25.70
38.12
19.99
20.57
33.45
16.56
24.29
28.04
25.75
40.32
19.21
51.23
33.09
21.94
30.64
22.86
33.37
20.89
(9.47)
(7.94)
(8.74)
(9.85)
(17.46)
(16.60)
(13.41)
(12.78)
(11.01)
(5.34)
(9.48)
(9.32)
(5.25)
(5.80)
(6.28)
(11.81)
(5.23)
(22.05)
(9.86)
(32.19)
(18.73)
(7.39)
(17.92)
(0.86)
(0.86)
14.88
(3.65)
(4.34)
(17.61)
(5.94)
6.10
(30.15)
1.22
(24.58)
(28.73)
(13.13)
(10.84)
1.73
20.37
0.02
-0.05
-0.05
-0.17
-0.02
0.00
-0.02
-0.06
-0.04
-0.03
-0.02
0.00
-0.08
0.00
0.00
-0.02
0.04
-0.05
-0.09
-0.02
-0.05
0.00
-0.02
0.00
-0.06
0.00
0.00
-0.08
-0.01
-0.01
0.02
-0.02
-0.03
0.00
-0.06
-0.05
-0.01
-0.03
0.00
0.07
0.02
-0.03
-0.04
-0.15
0.00
0.00
-0.01
-0.05
-0.01
-0.03
-0.02
0.00
-0.07
0.02
0.00
-0.02
0.07
-0.04
-0.08
-0.01
-0.02
0.01
-0.01
0.00
-0.05
0.00
0.00
-0.07
-0.01
-0.01
0.02
-0.02
-0.02
0.00
-0.06
-0.03
0.00
-0.03
0.00
0.06
0.007
(0.024)
(0.011)
(0.016)
(0.024)
(0.004)
(0.009)
(0.003)
(0.029)
0.001
(0.004)
0.001
(0.012)
(0.015)
(0.003)
(0.008)
(0.029)
(0.009)
(0.012)
(0.011)
(0.025)
(0.005)
(0.007)
(0.005)
(0.010)
0.001
0.001
(0.013)
0.000
(0.005)
(0.004)
(0.005)
(0.004)
(0.002)
(0.002)
(0.016)
(0.005)
(0.001)
(0.003)
0.013
DMI MACD
Recent Signal
SELL
SELL
DMI MACD
Signal Change
-
BUY
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
BUY
SELL
SELL
SELL
SELL
BUY
SELL
BUY
SELL
SELL
SELL
SELL
BUY
BUY
BUY
-
BUY
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
BUY
SELL
BUY
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
BUY
BUY
SELL
BUY
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
BUY
BUY
BUY
BUY
BUY
-
The table above is a compilation of actively traded stocks with some popular technical indicators. The technical BUY/SELL signals on the last four columns are auto generated; the first two being
existing or recent signals while the last two represent a signal change from BUY to SELL or the reverse, otherwise no change is indicated by a dash.
INTERPRETATION OF TECHNICAL INDICATORS:
Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when
share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. Buy when price touches the middle band and sell when price
touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band.
14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-day moving
average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term
downside risk.
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share
price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches
below this level.
Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative
DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the
DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above
25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend.
Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the
MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above
zero, and SELL signal sparked when the MACD diff value falls below zero.
Page 1 of 2
Technical Comments: Any further strength on Sime Darby shares towards the 10-day ma (RM8.14), with stronger resistance seen at
the upper Bollinger band (RM8.33), should encourage profit taking, while immediate supports are at RM7.82 and RM7.77, the
respective 100 and 200-day ma. Likewise, further gains on Tenaga will be attractive to take profit, especially towards the 76.4%FR
(RM14.35) and upper Bollinger band (RM14.44), while key chart supports are at 61.8%FR (RM14.02) and 50%FR (RM13.75).
SIME DARBY
Upper
Middle
RM8.05 (+0.03)
BOLLINGER BANDS
RM
RM
8.33
8.12
10-day
30-day
RM
7.91
50-day
Lower
DMI
Recent Signal
SELL
7.93
Recent Signal
SELL
Signal Change
TENAGA
Recent Signal
Signal Change
RM
DAILY MACD
Signal Change
Upper
Middle
Lower
RM 8.14
RM 8.03
BOLLINGER BANDS
RM
RM
RM
DMI
RM14.22 (+0.02)
14.44
14.29
14.15
SELL
RM 14.24
RM 14.33
RM 14.36
DAILY MACD
Recent Signal
SELL
Signal Change
10-day
30-day
50-day
Page 2 of 2
T e c h n i c a l
TA Securities
FBMKLCI: 1,626.77
V i e w
MALAYSIA TEL: +603-20721277 / FAX: +603-20325048
Daily Stock Screen
s
Malaysia
End Day Census of 17.11.2016
Tel: +603-2167 9607
[email protected]
www.taonline.com.my
Report Description:
The Daily Stock Screen is a retail product which can be a very useful guide for momentum trading and trading ideas .The following list is
derived from the screening of more than 1000 stocks currently listed on Bursa Malaysia to identify: the top 20 breakout, 20 breakdown, and
30 ‘potential’ breakout stocks which just climbed above the middle Bollinger band, with potential to appreciate toward the upper Bollinger
band.
[MIDDLE BOLLINGER RANGEBOUND]
List of 30 Potential Breakout Stocks (Short-term BUY for upside toward Upper Bollinger Band or higher to TAKE PROFIT/SELL)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Stock Name
ASIA BIOENERGY T
AMEDIA
JAG BHD
PLASTRADE TECHNO
CSC STEEL HOLDIN
PWORTH
JCY INTERNATIONA
DIALOG GROUP BHD
D'NONCE TECH BHD
TPC PLUS BHD
TDM BHD
AYS VENTURES BHD
TA ENTERPRISE
DGB ASIA BHD
RIMBUNAN SAWIT
KANGER INTERNATI
KEJURUTERAAN SAM
ECO WORLD DEVELO
MINETECH RESOURC
SOLUTION ENGINEE
NETX HOLDINGS BH
KRETAM HOLDINGS
SCOPE INDUS BHD
HEXZA CORP BHD
MITRAJAYA HLDG
PRIVASIA TECHNOL
MUAR BAN LEE GRO
HARTALEGA HLDGS
MPAY
PUC FOUNDER MSC
Price
0.06
0.27
0.11
0.15
2.09
0.11
0.53
1.55
0.31
0.51
0.69
0.35
0.49
0.04
0.53
0.29
0.42
1.36
0.09
0.30
0.03
0.54
0.17
0.97
1.35
0.15
1.05
4.86
0.17
0.07
Bollinger Band
RSI
Moving Average
Lower
Middle
Upper
14-day
10-day
30-day
50-day
0.05
0.24
0.09
0.13
1.90
0.09
0.52
1.51
0.26
0.48
0.66
0.30
0.45
0.03
0.49
0.28
0.41
1.31
0.07
0.26
0.02
0.51
0.15
0.95
1.29
0.13
1.01
4.64
0.16
0.06
0.05
0.26
0.10
0.14
2.08
0.10
0.53
1.53
0.29
0.50
0.68
0.33
0.48
0.03
0.51
0.29
0.41
1.34
0.08
0.28
0.02
0.53
0.17
0.97
1.35
0.14
1.04
4.85
0.17
0.06
0.06
0.27
0.11
0.15
2.25
0.11
0.54
1.56
0.32
0.53
0.70
0.36
0.50
0.04
0.53
0.29
0.42
1.37
0.09
0.30
0.03
0.55
0.19
0.99
1.40
0.15
1.07
5.05
0.18
0.07
52.52
67.03
70.23
61.11
55.69
54.32
48.72
60.02
61.34
58.42
57.54
57.53
56.18
50.13
62.83
54.97
51.69
57.63
55.60
62.81
55.80
57.50
53.29
54.28
50.07
52.66
53.60
53.46
51.35
53.35
0.06
0.26
0.10
0.14
2.00
0.10
0.53
1.52
0.30
0.51
0.67
0.31
0.48
0.03
0.50
0.29
0.42
1.33
0.08
0.29
0.02
0.53
0.16
0.97
1.33
0.14
1.04
4.80
0.17
0.06
0.05
0.25
0.10
0.14
2.06
0.10
0.53
1.53
0.29
0.49
0.67
0.33
0.48
0.03
0.50
0.28
0.41
1.34
0.08
0.27
0.02
0.53
0.17
0.96
1.36
0.14
1.03
4.84
0.17
0.06
0.05
0.23
0.10
0.14
1.98
0.10
0.53
1.53
0.29
0.47
0.67
0.35
0.48
0.04
0.50
0.28
0.41
1.33
0.08
0.26
0.02
0.52
0.16
0.94
1.37
0.15
1.04
4.73
0.16
0.06
Vol
13,381,100
12,996,000
9,065,000
7,477,000
5,701,300
4,293,400
4,119,400
3,487,000
2,838,800
2,376,600
2,155,300
1,803,400
1,758,600
1,397,000
1,341,000
1,260,600
1,218,100
1,183,900
1,170,800
1,152,000
1,110,000
1,050,200
689,000
669,900
632,400
629,800
562,500
546,100
537,000
523,300
20-day avg vol
11,020,580
13,090,450
1,925,000
70,975
2,403,885
4,234,175
1,549,240
6,042,780
7,704,830
347,710
2,095,820
484,455
1,110,900
158,580
754,665
761,670
143,345
1,723,710
1,670,385
3,645,610
3,952,405
300,090
67,230
544,615
866,300
282,995
134,985
1,124,385
2,290,880
1,360,860
Raw data sourced from Bloomberg
*Note: To qualify in this list above, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second
criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for short-term BUY ideas, as they
are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL. Caveat: Some stocks may continue to stay range
bound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The mediumterm trend is positive if share price stays above the 30-day, and negative if it remains below this average.
14-day RSI: A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-day
SMA should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day SMA is bearish and
imply further near-term downside risk.
Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish
trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie.
Buy when price touches the middle band and sell when price touches the upper band. Momentum traders will buy on price breaks above the upper band,
and sell when price breaks below the lower band. Alternatively, a sharp move that originates at one band tends to go all the way to the other band, a useful
observation when projecting price targets.
Page 1 of 2
TA Securities
*Note: To qualify in the breakout list below, the first sorting criteria is stock price must close ABOVE the upper Bollinger Band, followed by a second criteria that
trading volume for the day must be significantly higher than the 20-day average volume, which signal a bullish breakout. Caveat: We would caution momentum
traders that a highly overbought 14-day RSI reading (> 80) and share price pullback BELOW the upper Bollinger Band are early warning signals to exit buy
breakout trades.
[UPPER BOLLINGER BREAKOUT]
Top 20 Breakout Stocks (Generally BULLISH, but can be short-term TAKE PROFIT/SELL guide)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Stock Name
PLASTRADE TECHNO
ORNAPAPER BHD
MALAYSIAN BULK
SERSOL BHD
BOX-PAK BHD
APFT
AWC BHD
PALETTE MULTIMED
PNE PCB BHD
BOUSTEAD PLANTAT
MALAYSIA SMELTIN
KRONOLOGI ASIA B
JAG BHD
DIGISTAR CORP
JAYCORP BHD
MWE HOLDINGS BHD
MERCURY INDUS
INNOPRISE PLANTA
HAP SENG PLANTAT
PESONA METRO
20
Price
0.15
1.00
0.79
0.15
2.40
0.07
0.89
0.08
0.53
1.57
4.00
0.28
0.11
0.19
1.54
1.29
1.49
0.99
2.44
0.60
Bollinger Band
RSI
Moving Average
Lower
Middle
Upper
14-day
10-day
30-day
50-day
0.13
0.88
0.73
0.12
1.88
0.04
0.76
0.05
0.47
1.44
3.38
0.23
0.09
0.16
1.39
1.20
1.07
0.71
2.39
0.40
0.14
0.93
0.75
0.13
2.04
0.05
0.81
0.06
0.50
1.50
3.68
0.25
0.10
0.17
1.46
1.24
1.23
0.84
2.42
0.48
0.15
0.99
0.78
0.14
2.21
0.06
0.86
0.07
0.52
1.57
3.98
0.27
0.11
0.18
1.52
1.28
1.40
0.96
2.44
0.57
61.11
61.32
63.65
65.60
82.60
75.65
71.71
68.77
57.06
66.16
75.20
62.49
70.23
66.56
65.71
57.96
73.90
83.98
65.91
88.21
0.14
0.91
0.75
0.13
2.06
0.05
0.80
0.06
0.50
1.51
3.74
0.24
0.10
0.17
1.45
1.24
1.24
0.87
2.41
0.50
0.14
0.94
0.76
0.13
2.09
0.05
0.80
0.06
0.49
1.50
3.57
0.25
0.10
0.17
1.46
1.24
1.22
0.78
2.41
0.45
0.14
0.95
0.76
0.13
2.23
0.05
0.81
0.06
0.49
1.50
3.47
0.26
0.10
0.17
1.39
1.26
1.21
0.73
2.41
0.44
Vol
7,477,000
388,700
13,941,600
6,542,100
426,800
58,673,900
18,046,100
8,133,400
189,500
1,379,800
545,600
6,482,300
9,065,000
6,785,600
1,857,100
56,400
46,600
635,800
73,100
12,574,200
20-day avg vol
70,975
7,000
353,930
324,895
22,950
4,358,175
2,202,075
1,366,465
36,210
268,990
108,480
1,354,255
1,925,000
1,637,450
531,285
16,490
13,635
188,355
22,500
4,170,155
*Note: As for the top 20 breakdown list below, the sole sorting criteria is stock price must close significantly BELOW the lower Bollinger Band, with the largest
distance from the lower band at the top of the table, signaling a severe sell-off which is bearish. Caveat: A stock should bottom out if share price moves ABOVE the
falling lower Bollinger Band, which can be a good buy signal for technical rebound upside after the sharp sell-off.
[LOWER BOLLINGER BREAKDOWN]
Top 20 Breakdown Stocks (Generally BEARISH, but can be short-term BUY guide)
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Stock Name
FRASER & NEAVE
AIRASIA BHD
PETRONAS GAS BHD
STORE CORP BHD
NPC RESOURCES BH
CHIN TECK PLANTS
EXCEL FORCE MSC
GOLDIS BHD
AEON CREDIT SERV
BERJAYA FOOD BHD
REACH ENERGY BHD
SARAWAK OIL PALM
RALCO CORP BHD
MALAYSIA AIRPORT
SCC
YSP SOUTHEAST AS
UZMA BHD
SAM ENGINEERING
ICAPITAL.BIZ BHD
BUMI ARMADA BHD
Price
23.58
2.53
21.36
2.90
2.15
7.54
1.41
2.46
13.90
1.64
0.64
3.40
0.66
6.20
1.71
2.01
1.54
6.52
2.40
0.62
Bollinger Band
RSI
Moving Average
Lower
Middle
Upper
14-day
10-day
30-day
50-day
23.82
2.62
21.44
2.97
2.20
7.59
1.46
2.50
13.94
1.67
0.67
3.43
0.68
6.22
1.73
2.03
1.55
6.53
2.41
0.63
24.28
2.77
21.87
3.16
2.28
7.77
1.52
2.59
14.45
1.77
0.71
3.50
0.75
6.45
1.79
2.15
1.64
6.77
2.44
0.68
24.73
2.93
22.30
3.35
2.36
7.95
1.59
2.67
14.95
1.87
0.75
3.58
0.82
6.67
1.85
2.27
1.72
7.00
2.47
0.74
31.94
23.83
27.22
21.49
26.68
41.19
28.48
33.42
33.09
31.81
20.10
32.66
35.81
33.14
27.06
35.22
25.17
24.03
38.06
25.27
24.25
2.77
21.84
3.11
2.28
7.78
1.52
2.59
14.32
1.75
0.71
3.51
0.75
6.40
1.77
2.12
1.62
6.70
2.44
0.67
24.27
2.80
21.86
3.17
2.28
7.76
1.53
2.61
14.58
1.81
0.71
3.51
0.76
6.51
1.81
2.15
1.67
6.84
2.45
0.69
24.31
2.81
21.85
3.01
2.44
7.70
1.52
2.61
14.65
1.74
0.70
3.54
0.79
6.54
1.85
2.13
1.68
6.87
2.41
0.70
Vol
354,100
29,324,300
788,700
2,000
2,000
3,000
2,048,400
3,000
46,000
200
6,203,100
498,600
3,000
371,000
38,500
211,500
164,100
47,800
10,000
14,480,500
20-day avg vol
422,660
9,800,380
1,637,685
295
100
1,905
357,785
26,775
84,785
85,910
5,631,720
227,107
325
1,719,355
6,550
157,105
37,760
22,980
34,530
8,249,125
Disclaimer
are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no
liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in
Page 2 of 2
TA RESEARCH’S ‘DAILY COMPILED FOREIGN TECHNICAL REPORTS’
Asian Technical Reports
a. Foreign Technical Stock Watch (AUS)
b. Foreign Technical Stock Watch (HK)
c. Foreign Technical Stock Watch (FSSTI)
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are
subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for
any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities
and/or companies mentioned herein.
T e c h n i c a l
TA Securities
V i e w
Foreign Technical Stock Watch
Australia
ASX: 5,338.54 (+10.87, +0.20%)
Stock
Name
ASX 200
BHP BILLITON
RIO TINTO
COMMONW BK AUSTR
WESTPAC BANKING
AUST AND NZ BANK
NATL AUST BANK
WESFARMERS
WOODSIDE PETRO
NEWCREST MINING
WESTFIELD GROUP
FORTESCUE METALS
QBE INSURANCE
ORIGIN ENERGY
AMP
SANTOS
MACQUARIE GROUP
SUNCORP GROUP
ORICA
OIL SEARCH
COCA-COLA AMATIL
AMCOR
STOCKLAND
ALUMINA
COMPUTERSHARE
QANTAS AIRWAYS
SIMS METAL MGMT
Tel: +603-2167 9607
[email protected]
www.taonline.com.my
Close
Bollinger Bands
RSI
Moving Averages
DMI
MACD
DMI MACD DMI MACD
Change High Low
17-Nov
Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent Signal Signal Change
5338.54 10.87 5344.70 5286.20 5158.40 5308.36 5458.33 50.68 5288.37 5353.70 5358.82 12.90 35.01 35.67 (22.11) -18.08 -30.49 12.415 SELL BUY 24.06 0.08 24.35 23.60 21.70 23.32 24.94 57.96 23.76 23.20 22.44 21.11 28.29 13.67 (7.18) 0.51 0.43 0.090 SELL BUY 57.59 0.65 57.65 56.26 49.77 54.87 59.97 63.71 56.64 53.77 52.01 27.59 24.87 25.81 2.72
1.80 1.52 0.276 BUY BUY 76.65 -0.24 76.85 75.92 70.07 73.82 77.56 63.44 74.17 74.08 73.41 26.69 20.84 17.54 5.84
0.65 0.14 0.510 BUY BUY 30.83 -0.15 30.87 30.61 29.52 30.53 31.55 53.36 30.67 30.51 30.21 22.98 24.50 9.64 (1.52) 0.19 0.13 0.060 SELL BUY SELL 27.95 -0.03 28.08 27.63 26.62 27.70 28.78 54.08 27.49 27.79 27.54 15.43 22.24 19.95 (6.81) 0.04 -0.01 0.055 SELL BUY 28.35 -0.05 28.47 28.02 25.87 27.44 29.00 59.83 27.17 27.60 27.56 23.42 26.95 20.73 (3.54) 0.08 -0.09 0.177 SELL BUY 41.37 0.37 41.45 40.72 38.88 41.33 43.78 45.64 40.95 42.60 43.01 19.62 28.94 24.56 (9.32) -0.66 -0.76 0.100 SELL BUY 29.27 -0.48 29.50 28.96 27.46 28.56 29.67 56.20 28.74 28.91 28.43 27.64 24.20 14.41 3.45
0.15 0.02 0.128 BUY BUY 21.40 -0.11 21.64 21.23 20.18 22.51 24.83 44.56 22.69 22.07 21.99 28.24 25.87 16.23 2.36 -0.06 0.19 (0.251) BUY SELL 8.65 0.12 8.71 8.46 8.28 8.75 9.22 40.12 8.58 8.95 9.26 17.28 27.83 45.54 (10.55) -0.23 -0.25 0.017 SELL BUY 5.83 -0.03 5.94 5.71 4.88 5.58 6.27 58.42 5.81 5.39 5.19 29.30 25.64 21.11 3.66
0.24 0.21 0.032 BUY BUY 10.96 0.04 10.98 10.70 9.38 10.21 11.03 67.21 10.32 10.18 9.93 30.40 20.90 16.07 9.49
0.21 0.10 0.109 BUY BUY 5.64 -0.02 5.69 5.57 5.14 5.42 5.70 58.22 5.43 5.49 5.36 22.77 22.09 17.01 0.68
0.03 0.00 0.031 BUY BUY BUY 4.74 -0.04 4.78 4.71 4.17 4.75 5.33 43.83 4.62 4.95 5.10 18.74 29.00 40.27 (10.26) -0.14 -0.17 0.038 SELL BUY 3.95 -0.11 4.00 3.91 3.24 3.65 4.06 58.31 3.73 3.69 3.67 31.48 24.20 19.05 7.28
0.05 -0.02 0.068 BUY BUY 82.85 0.55 83.00 81.45 75.53 80.24 84.94 57.05 79.95 81.07 81.12 19.26 26.70 19.82 (7.44) 0.11 -0.41 0.521 SELL BUY 11.89 -0.15 11.94 11.79 11.48 12.01 12.54 45.08 11.88 12.15 12.24 15.85 35.71 33.15 (19.86) -0.10 -0.13 0.028 SELL BUY 17.43 0.19 17.55 17.00 15.47 16.66 17.85 61.28 17.08 16.54 15.88 27.07 13.63 32.23 13.44 0.41 0.35 0.057 BUY BUY 6.79 0.00 6.80 6.64 6.33 6.69 7.05 51.22 6.60 6.90 6.81 26.35 32.16 20.34 (5.82) -0.08 -0.10 0.017 SELL BUY 9.38 0.10 9.39 9.24 9.16 9.51 9.87 42.07 9.40 9.65 9.79 13.73 26.54 29.87 (12.81) -0.13 -0.12 (0.014) SELL SELL 13.90 0.07 13.94 13.62 13.76 14.50 15.24 29.98 14.22 14.80 14.98 6.70 31.36 37.72 (24.66) -0.33 -0.27 (0.057) SELL SELL 4.13 0.07 4.17 4.03 4.04 4.33 4.62 31.35 4.23 4.41 4.50 9.16 25.89 38.64 (16.73) -0.12 -0.10 (0.022) SELL SELL 1.67 -0.01 1.67 1.64 1.49 1.60 1.72 60.33 1.64 1.57 1.50 24.72 19.52 24.19 5.20
0.05 0.05 0.004 BUY BUY 11.54 0.02 11.71 11.35 9.77 10.77 11.77 69.12 11.04 10.75 10.55 28.61 9.68 30.20 18.93 0.27 0.16 0.114 BUY BUY 3.11 -0.04 3.14 3.08 2.86 3.06 3.25 51.56 3.05 3.10 3.14 15.31 27.66 34.84 (12.35) -0.01 -0.03 0.022 SELL BUY 12.03 -0.44 12.35 12.02 8.58 10.84 13.11 68.53 11.77 10.40 9.94 41.66 14.94 47.13 26.72 0.76 0.59 0.178 BUY BUY -
The table below consists of the top 30 ASX 200 Index component stocks, weighted by market capitalization in descending order,
with some popular technical indicators. Some other popularly traded stocks are included at the bottom section.
The technical BUY/SELL signals on the last four columns are auto generated; the first two being existing or recent signals
while the last two represent a signal change from BUY to SELL or the reverse, otherwise no change is indicated by a dash.
Stock names and technical statistics in bold highlight stocks that have changes in BUY/SELL signals on the DMI and MACD on
the given date.
Page 1 of 2
TA Securities
Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy
when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. Buy when price touches the middle band and sell
when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band.
14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if
share price stays above the 30-day average and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed
broken if it breaches below this level.
Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a
negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+
crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the
trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend.
Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and
the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff
rises above zero, and SELL signal sparked when the MACD diff value falls below zero.
Fundamentals of Foreign Technical Picks
Bloomberg Ticker Stock Name
BHP AU BHP BILLITON LTD
RIO AU RIO TINTO LTD
CBA AU COMMONW BK AUSTR
WBC AU WESTPAC BANKING
ANZ AU AUST AND NZ BANK
NAB AU NATL AUST BANK
WES AU WESFARMERS LTD
WPL AU WOODSIDE PETRO
NCM AU NEWCREST MINING
WFD AU WESTFIELD GROUP
FMG AU FORTESCUE METALS
QBE AU QBE INSURANCE
ORG AU ORIGIN ENERGY
AMP AU AMP LTD
STO AU SANTOS LTD
MQG AU MACQUARIE GROUP
SUN AU SUNCORP GROUP LT
ORI AU ORICA LTD
OSH AU OIL SEARCH LTD
CCL AU COCA-COLA AMATIL
AMC AU AMCOR LTD
SGP AU STOCKLAND
AWC AU ALUMINA LTD
CPU AU COMPUTERSHARE LT
QAN AU QANTAS AIRWAYS
SGM AU SIMS METAL MGMT
Close
Target Price
% upside
24.06
57.59
76.65
30.83
27.95
28.35
41.37
29.27
21.40
8.65
5.83
10.96
5.64
4.74
3.95
82.85
11.89
17.43
6.79
9.38
13.90
4.13
1.67
11.54
3.11
12.03
23.97
56.32
76.18
31.72
28.44
29.16
42.30
31.05
22.56
10.40
4.49
11.24
6.26
5.08
4.84
85.24
13.49
15.51
7.90
9.47
16.49
4.81
1.51
10.93
3.87
10.01
0%
-2%
-1%
3%
2%
3%
2%
6%
5%
17%
-30%
2%
10%
7%
18%
3%
12%
-12%
14%
1%
16%
14%
-10%
-6%
20%
-20%
EPS ($)
2016
0.75
2.28
5.56
2.38
2.32
2.39
2.41
1.03
0.80
0.34
0.44
0.50
0.30
0.24
0.01
6.14
0.96
1.05
0.09
0.54
0.60
0.31
0.02
0.55
0.54
0.48
Div Yield(%)
PER(x)
2017
0.84
2.54
5.68
2.46
2.42
2.43
2.58
1.25
0.92
0.34
0.24
0.66
0.53
0.35
0.18
6.36
1.00
1.13
0.21
0.56
0.67
0.32
0.05
0.61
0.53
0.61
2016
24.1
18.9
13.8
12.9
12.0
11.9
17.2
21.1
19.9
19.2
9.8
16.4
18.6
20.2
491.6
13.5
12.4
16.7
59.0
17.3
17.2
13.5
52.0
15.6
5.76
24.9
2017
21.4
17.0
13.5
12.5
11.5
11.7
16.1
17.6
17.4
18.8
18.4
12.4
10.6
13.5
16.7
13.0
11.9
15.5
24.3
16.8
15.5
12.9
24.9
14.2
5.90
19.9
2016
1.949
1.999
5.500
5.958
5.735
6.571
4.958
2.873
0.766
2.890
2.847
3.321
0.514
5.865
0.101
5.149
6.451
3.087
0.530
4.851
3.144
6.199
3.593
2.322
5.305
2.319
2017
2.074
2.151
5.536
5.949
5.810
6.561
5.267
3.321
1.079
2.925
1.612
3.859
2.500
6.118
0.759
5.388
6.695
3.351
1.208
4.989
3.432
6.465
3.234
2.487
7.010
2.801
52week Price
High
25.05
59.90
85.85
33.74
28.59
29.49
46.06
30.94
27.20
11.14
6.38
13.05
6.09
5.98
5.07
84.19
13.85
17.82
8.36
10.34
16.66
5.11
1.73
11.96
4.22
13.04
Low
14.06
36.53
69.22
27.57
21.86
23.82
37.10
23.82
10.71
8.21
1.44
9.22
3.44
4.39
2.46
58.26
10.11
12.04
5.56
7.91
12.06
3.80
0.97
8.63
2.58
5.96
% Chg
YTD
34.71
28.81
-10.38
-8.13
0.07
-2.87
-0.58
1.92
65.00
-9.04
211.76
-12.95
20.00
-18.70
7.34
0.10
-2.06
12.45
1.34
0.86
3.42
0.73
44.59
-0.69
-23.96
66.16
Note : The above data is based on Bloomberg consensus.
Disclaimer
liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the
securities and/or companies mentioned herein.
Page 2 of 2
T e c h n i c a l
TA Securities
V i e w
Hong Kong
HSI: 22,262.88 (-17.65, -0.08%)
Stock
Close
Name
17-Nov
HANG SENG
22,262.88
HSBC
CH MOBILE
CCONB
ICBC
CNOOC
CH LIFE
BOC
SHK PROP
PETRO CH
TENCENT
HKSE
CK HUTCHISON
PING AN
SINOPEC CORP
CH SHENHUA
CLP
LI & FUNG
BOC HK
HS BANK
HK&CH GAS
SWIRE
HL PROP
WHARF
CH OV LAND
POWER ASSETS
BELLE
HENDERSON
BOCOMM
CH COAL
CH UNICOM
BK EASIA
ESPRIT
MTR
SINO LAND
CH RES
NEW WORLD
CH RES LAND
CH MERCHANT
CH RES POWER
ALCORP
CATHAY
CITIC
COSCO
FIH MOBILE LTD
GENHK
AIA
SANDS CHINA
GALAXY
60.40
84.75
5.45
4.46
9.68
19.92
3.36
101.00
5.18
194.80
204.00
93.60
40.40
5.27
16.20
74.00
3.35
27.95
143.40
14.46
77.25
17.02
54.95
21.95
72.35
4.36
42.05
5.86
4.13
8.73
31.55
6.65
39.25
11.16
16.86
8.81
18.36
19.54
12.74
3.41
10.52
11.70
7.72
2.44
2.23
47.15
36.35
34.95
Change
Tel: +603-2167 9607
High
Lower
(17.65)
(1.05)
0.35
(0.01)
(0.02)
(0.05)
(0.18)
0.00
1.00
(0.03)
(2.10)
0.60
0.10
(0.15)
(0.03)
0.08
0.40
0.01
(0.25)
0.10
0.14
0.35
0.26
1.65
(0.05)
0.35
0.00
(0.10)
0.03
(0.05)
0.21
0.20
0.01
(0.60)
(0.04)
0.04
0.04
0.06
0.20
(0.10)
0.16
0.00
0.06
0.06
0.03
(0.03)
0.00
1.80
1.45
RSI
Bollinger Bands
Low
Mid
[email protected]
Upper
14d
Moving Averages
10d
30d
www.taonline.com.my
DMI
50d
DMI
MACD
DI +
DI -
ADX
Diff
Line
Signal
Diff
MACD
Recent Signal
DMI
MACD
Signal Change
22,367.47
22,114.02
22,004.56
22,838.01
23,671.46
38.09
22,522.84
23,043.70
23,258.19
13.16
42.59
34.29
(29.42) -270.88 -213.68 (57.204)
SELL
SELL
-
-
60.80
85.10
5.53
4.50
9.86
20.45
3.40
101.40
5.23
197.70
204.20
93.60
40.90
5.35
16.34
74.45
3.43
28.20
144.80
14.60
77.60
17.24
54.95
22.15
72.35
4.46
42.05
5.90
4.22
8.77
31.70
6.72
39.90
11.26
16.86
8.81
18.44
19.66
12.86
3.41
10.54
11.74
7.83
2.44
2.29
47.60
36.90
35.10
60.15
83.85
5.43
4.45
9.65
19.80
3.35
99.95
5.15
193.40
202.20
92.20
40.30
5.22
16.00
73.40
3.33
27.70
142.30
14.36
76.65
16.60
53.15
21.70
71.85
4.32
41.60
5.78
4.12
8.45
31.20
6.40
38.85
11.06
16.48
8.65
18.20
19.40
12.68
3.23
10.38
11.58
7.61
2.41
2.23
46.60
34.70
33.20
56.74
83.15
5.40
4.45
9.20
18.86
3.33
96.54
5.04
191.03
199.94
92.28
40.02
5.22
15.86
73.94
3.34
26.59
137.80
14.29
76.54
16.12
52.97
22.22
71.60
4.06
40.93
5.78
4.07
8.43
30.40
5.92
39.93
10.73
16.01
8.43
18.17
19.08
12.56
2.68
10.12
10.97
7.31
2.36
2.16
45.14
33.46
30.28
59.22
87.71
5.63
4.65
9.96
19.60
3.46
109.98
5.34
204.63
204.41
95.63
40.73
5.60
16.68
77.70
3.72
27.58
141.49
14.96
80.35
16.94
56.77
23.59
73.08
4.69
44.46
5.91
4.41
8.99
31.31
6.47
42.31
12.37
16.69
9.33
19.23
20.02
13.14
3.05
10.39
11.33
7.86
2.54
2.23
49.25
34.69
32.31
61.70
92.26
5.86
4.84
10.72
20.34
3.58
123.42
5.65
218.22
208.87
98.97
41.44
5.99
17.50
81.45
4.10
28.56
145.18
15.62
84.15
17.75
60.56
24.95
74.55
5.32
48.00
6.04
4.75
9.55
32.22
7.01
44.69
14.00
17.36
10.23
20.29
20.96
13.73
3.43
10.67
11.69
8.42
2.72
2.30
53.36
35.92
34.33
56.83
31.48
40.15
35.17
44.84
52.16
40.19
30.60
43.93
37.64
50.07
37.43
46.77
33.86
47.56
31.88
23.87
56.83
56.32
39.81
31.22
50.73
45.44
25.17
43.56
28.96
28.26
47.51
40.80
40.58
51.04
56.86
22.21
27.23
53.28
33.19
32.35
40.24
38.22
75.17
50.21
59.86
43.19
38.59
51.94
33.58
61.54
71.23
59.90
86.04
5.56
4.59
9.68
19.52
3.42
104.09
5.24
199.79
203.43
94.41
40.68
5.46
16.81
76.63
3.57
27.61
142.07
14.80
79.09
16.62
55.55
23.14
73.03
4.48
42.88
5.90
4.30
8.79
31.11
6.31
41.48
11.63
16.46
8.93
18.86
19.70
12.97
3.20
10.46
11.40
7.69
2.47
2.26
47.85
34.92
32.97
59.06
90.06
5.67
4.71
10.09
19.99
3.48
111.62
5.37
207.52
204.94
96.13
40.80
5.67
16.34
77.73
3.78
27.13
141.22
14.88
81.33
17.05
56.36
23.88
72.87
4.94
44.88
5.90
4.39
9.20
31.50
6.51
42.45
12.71
16.86
9.48
19.44
20.45
13.30
3.01
10.46
11.29
8.02
2.55
2.21
50.42
34.68
31.77
58.82
92.29
5.76
4.80
9.85
20.24
3.53
114.06
5.25
209.77
204.48
97.74
41.15
5.61
15.76
78.58
3.89
27.16
140.39
14.81
82.91
17.43
56.51
24.96
74.20
5.09
45.47
5.98
4.24
9.22
31.97
6.59
42.49
13.20
16.92
9.75
20.68
21.02
13.59
2.95
10.72
11.43
8.08
2.58
2.16
50.74
34.40
30.65
26.73
14.36
13.81
9.67
21.54
23.48
13.89
11.60
21.43
19.45
19.29
12.28
16.19
15.27
15.76
12.48
10.16
27.88
19.65
10.33
5.99
20.74
15.68
9.26
19.65
8.68
9.91
12.62
15.22
17.07
14.78
25.47
9.07
4.00
15.92
10.20
10.19
12.95
11.73
33.76
16.81
21.54
20.40
10.32
28.03
13.58
29.95
29.34
25.40
40.32
32.58
29.37
27.47
26.41
29.02
39.12
32.70
40.90
24.26
31.54
26.64
32.93
25.05
37.17
36.55
23.39
18.71
24.06
31.04
21.83
33.00
36.60
27.22
31.14
34.39
27.23
26.84
28.85
21.39
21.31
47.28
40.41
19.52
39.60
31.66
32.84
29.07
7.01
26.77
16.48
23.63
26.17
16.87
36.34
18.58
17.05
13.74
40.54
26.19
27.73
20.51
20.39
21.05
34.49
20.16
31.56
15.88
27.92
16.15
21.41
22.25
23.24
33.27
19.73
13.10
31.05
40.90
17.15
26.35
28.73
20.10
39.22
32.85
22.07
21.37
23.00
19.93
24.78
29.94
52.17
18.61
35.36
35.62
38.51
30.19
40.04
24.25
12.20
22.41
23.21
32.78
31.95
15.79
17.91
1.33
(25.97)
(18.76)
(19.70)
(5.93)
(2.93)
(15.13)
(27.52)
(11.27)
(21.45)
(4.97)
(19.26)
(10.45)
(17.66)
(9.29)
(24.69)
(26.39)
4.49
0.94
(13.74)
(25.05)
(1.10)
(17.31)
(27.34)
(7.57)
(22.46)
(24.47)
(14.61)
(11.62)
(11.78)
(6.61)
4.16
(38.22)
(36.40)
(3.60)
(29.40)
(21.47)
(19.89)
(17.34)
26.75
(9.96)
5.06
(3.24)
(15.86)
11.15
(22.76)
11.37
12.29
BUY
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
BUY
BUY
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
BUY
SELL
SELL
SELL
SELL
SELL
SELL
SELL
BUY
SELL
BUY
SELL
SELL
BUY
SELL
BUY
BUY
BUY
SELL
SELL
SELL
SELL
BUY
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
BUY
BUY
SELL
SELL
BUY
SELL
SELL
SELL
SELL
SELL
SELL
SELL
SELL
BUY
BUY
SELL
SELL
BUY
SELL
SELL
SELL
SELL
BUY
BUY
BUY
SELL
SELL
SELL
SELL
BUY
BUY
BUY
-
BUY
SELL
BUY
-
0.69
-2.31
-0.07
-0.08
-0.11
-0.12
-0.04
-3.94
-0.04
-4.02
-0.10
-1.12
-0.09
-0.10
0.23
-1.11
-0.14
0.33
0.96
-0.09
-1.61
-0.19
-0.60
-0.68
-0.41
-0.22
-1.04
-0.02
-0.02
-0.19
-0.15
-0.05
-0.67
-0.58
-0.09
-0.28
-0.56
-0.45
-0.21
0.12
-0.05
0.05
-0.14
-0.05
0.03
-1.11
0.28
0.94
0.45
-2.14
-0.06
-0.07
-0.07
-0.20
-0.03
-2.69
-0.01
-2.85
-0.02
-0.95
-0.05
-0.05
0.36
-0.59
-0.09
0.26
0.63
0.01
-1.32
-0.22
-0.14
-0.56
-0.35
-0.21
-0.76
-0.01
0.02
-0.14
-0.25
-0.08
-0.29
-0.47
-0.13
-0.23
-0.53
-0.43
-0.18
0.08
-0.10
-0.01
-0.14
-0.04
0.03
-0.94
0.23
0.81
0.247
(0.170)
(0.017)
(0.017)
(0.043)
0.082
(0.010)
(1.253)
(0.027)
(1.166)
(0.080)
(0.170)
(0.036)
(0.047)
(0.137)
(0.516)
(0.045)
0.071
0.326
(0.107)
(0.287)
0.032
(0.458)
(0.125)
(0.064)
(0.015)
(0.285)
(0.008)
(0.043)
(0.050)
0.095
0.033
(0.377)
(0.106)
0.039
(0.054)
(0.032)
(0.018)
(0.035)
0.037
0.050
0.066
(0.005)
(0.012)
(0.002)
(0.165)
0.056
0.122
The table above consists of the 45 HKSE Hang Seng Index component stocks, sorted by market capitalization in descending
order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section.
the given date.
Page 1 of 2
TA Securities
Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should
buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. Buy when price touches the middle band
and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band.
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive
if share price stays above the 30-day average and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed
crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger
the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend.
Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA)
and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD
diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero.
Bloomberg Ticker
5
941
939
1398
883
2628
3988
16
857
700
388
1
2318
386
1088
2
494
2388
11
3
19
101
4
688
6
1880
12
3328
1898
762
23
330
66
83
291
17
1109
144
836
2600
293
267
1199
2038
678
1299
1928
27
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
HK
EPS ($)
PER(x)
Div Yield(%)
2016
2017
52week Price
High
Low
% Chg
YTD
Stock Name
Close
Target
Price
% upside
2016
2017
2016
2017
HSBC
CH MOBILE
CCONB
ICBC
CNOOC
CH LIFE
BOC
SHK PROP
PETRO CH
TENCENT
HKSE
CK HUTCHISON
PING AN
SINOPEC CORP
CH SHENHUA
CLP
LI & FUNG
BOC HK
HS BANK
HK&CH GAS
SWIRE
HL PROP
WHARF
CH OV LAND
POWER ASSETS
BELLE
HENDERSON
BOCOMM
CH COAL
CH UNICOM
BK EASIA
ESPRIT
MTR
SINO LAND
CH RES
NEW WORLD
CH RES LAND
CH MERCHANT
CH RES POWER
ALCORP
CATHAY
CITIC
COSCO
FIH MOBILE LTD
GENHK
AIA
SANDS CHINA LTD
GALAXY
60.40
56.13
-8%
0.6
0.6
13.6
12.9
0.8
0.8
63.00
44.50
84.75
112.44
25%
5.3
5.8
14.2
13.1
2.7
3.1
99.30
79.00
5.45
7.11
23%
0.9
0.9
5.4
5.3
5.0
5.0
6.14
4.31
2.64
4.46
6.02
26%
0.8
0.8
5.2
5.1
5.1
5.2
5.12
3.72
-4.70
9.68
10.91
11%
0.0
0.6
N/A
15.0
2.4
3.1
10.88
6.41
19.95
19.92
23.84
16%
0.8
1.0
23.5
17.6
1.4
1.7
28.75
16.00
-20.48
3.36
4.32
22%
0.6
0.6
5.3
5.2
5.1
5.1
3.77
2.83
-2.89
101.00
128.04
21%
8.7
9.2
11.6
10.9
3.8
3.9
123.30
79.00
5.18
6.23
17%
0.0
0.3
102.0
18.1
0.8
2.1
6.03
4.16
1.97
194.80
238.65
18%
4.7
6.1
37.0
28.4
0.3
0.3
220.80
132.10
27.74
204.00
180.34
-13%
2.5
214.20
160.10
2.77
93.60
112.06
16%
8.1
8.9
11.5
10.5
3.0
3.3
105.40
80.60
-10.52
40.40
53.16
24%
3.3
3.4
10.9
10.6
1.4
1.5
45.00
30.50
-6.05
12.61
5.1
5.7
40.2
35.7
2.2
-2.42
-3.14
7.91
5.27
6.44
18%
0.3
0.4
15.2
12.0
3.1
3.9
6.00
3.86
16.20
17.82
9%
1.2
1.3
12.0
11.1
2.8
3.0
17.70
10.12
74.00
80.58
8%
4.8
5.0
15.4
14.8
3.8
3.9
84.35
62.35
12.38
3.35
3.62
8%
0.0
0.0
12.0
11.7
1.0
1.0
5.83
3.31
-36.43
27.95
29.53
5%
2.3
2.4
12.4
11.5
6.3
4.4
28.96
18.35
20.94
143.40
134.18
-7%
8.5
9.0
16.9
15.8
4.1
4.2
146.50
118.42
-0.58
14.46
12.85
-13%
0.6
0.6
23.9
23.9
2.5
2.6
15.50
11.93
4.64
77.25
79.00
2%
5.2
5.7
14.9
13.6
4.3
4.5
94.40
70.15
-11.41
17.02
18.17
6%
1.1
1.1
14.9
15.3
4.4
4.4
19.50
13.00
-3.51
54.95
52.11
-5%
4.3
4.3
12.9
12.9
3.7
3.8
60.30
34.45
27.79
21.95
30.55
28%
3.2
3.7
6.8
6.0
3.5
4.1
28.25
20.45
-19.30
72.35
20.4
81.00
33.00
81.45
11%
3.5
3.6
20.3
3.8
3.8
66.10
1.47
4.36
4.84
10%
0.4
0.4
9.2
9.6
5.9
5.7
7.31
4.07
-25.09
42.05
48.33
13%
3.1
3.0
13.6
13.8
3.5
3.5
48.20
34.00
-2.62
5.86
5.89
1%
0.9
0.9
5.9
6.0
4.4
4.4
6.33
4.24
7.33
4.13
4.39
6%
0.1
0.2
34.5
22.0
0.3
0.7
4.88
2.31
39.06
8.73
11.18
0.3
50.2
23.9
1.0
1.6
10.26
7.70
31.55
22.95
-37%
1.5
1.7
20.9
18.2
2.5
2.5
34.35
20.95
9.36
6.65
5.73
-16%
22%
-0.1
0.2
0.2
N/A
44.3
0.0
1.0
9.36
5.34
-22.31
-7.62
39.25
39.84
1%
1.6
1.7
25.0
23.7
8.3
8.4
44.50
32.24
11.16
13.72
19%
0.9
0.8
13.1
13.4
4.6
4.6
14.48
9.39
-1.76
16.86
17.29
2%
0.4
0.6
42.4
26.1
0.6
1.0
18.08
10.76
10.81
8.44
8.81
11.12
21%
0.7
0.8
11.9
11.2
5.0
5.0
10.46
5.87
15.01
18.36
28.18
35%
2.4
2.9
7.5
6.4
3.6
4.2
23.85
16.50
-18.76
19.54
25.45
3.9
26.65
19.00
-20.73
12.74
14.30
11%
2.0
1.8
6.4
7.2
6.4
6.2
16.18
10.70
-15.52
3.41
3.04
-12%
0.0
0.1
188.8
50.3
0.0
0.1
3.50
2.13
32.68
10.52
9.82
-7%
0.3
0.3
32.3
35.0
1.2
1.6
15.28
10.00
-21.61
11.70
12.30
5%
1.5
1.5
7.6
7.6
2.6
2.9
14.22
10.02
7.72
9.71
20%
0.1
0.1
11.2
11.1
1.2
0.5
9.48
7.11
-1.47
2.44
2.91
16%
0.0
0.0
28.6
19.7
0.5
0.3
3.48
2.31
-12.61
2.23
47.15
36.35
34.95
1.98
58.11
34.84
33.53
-13%
19%
-4%
-4%
-0.4
0.3
0.2
1.3
0.2
0.4
0.2
1.3
N/A
19.4
28.1
26.5
1.2
17.2
24.7
26.4
0.0
0.2
0.7
1.1
0.0
0.2
0.7
1.3
3.10
54.15
36.90
35.10
2.00
36.85
20.75
19.69
-15.53
1.18
36.91
44.62
23%
1.4
1.6
13.7
12.5
3.6
-14.72
Note : The above data based on Bloomberg consensus.
Disclaimer
liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in
Page 2 of 2
T e c h n i c a l
TA Securities
V i e w
•
FSSTI: 2,813.48 (+19.49, +0.70%)
Singapore
Stock
Name
FSSTI
SINGTEL
DBS
OCBC
UOB
JARDINE M.
WILMAR
HK LAND
CAPLAND
GENSP
KEPPEL
SGX
SIA
FNN
NOBLE
CITY DEV
JARDINE S.
SG PRESS
JARDINE C&C
GOLDEN AGRI
SG TECH
OLAM INT
CAP TRUST
SEMBCORP
SEMCORP M.
CMFT DELGRO
STARHUB
SIA ENG
IFOOD AGRI
YZJ
Close
Change
17-Nov
2,813.48 19.49
3.67
16.43
8.83
19.43
55.47
3.37
6.10
3.00
0.88
5.34
7.00
9.68
2.13
0.18
8.32
32.92
3.68
40.45
0.40
3.20
1.98
1.96
2.62
1.37
2.41
2.96
3.45
0.48
0.78
0.01
0.23
0.06
0.27
0.97
0.03
(0.05)
0.01
0.01
0.02
0.01
0.08
(0.01)
0.00
(0.06)
0.07
0.03
0.50
0.02
0.04
(0.04)
0.04
0.01
0.02
(0.03)
(0.04)
0.01
0.01
(0.04)
Tel: +603-2167 9607
[email protected]
High
Low
Bollinger Bands
RSI
Lower Mid Upper 14d
2,818.91 2,795.47 2,775.79 2,814.66 2,853.53 48.71
Moving Averages
10d
30d
50d
DI +
2,804.09 2,822.14 2,835.98 14.06
DI 29.28
ADX
25.96
MACD
Diff Line Signal Diff
(15.22) -10.30 -10.86 0.557
DMI MACD
Recent Signal
SELL BUY
3.71
16.45
8.84
19.43
55.47
3.38
6.21
3.01
0.89
5.35
7.03
9.71
2.13
0.19
8.39
33.20
3.70
40.45
0.40
3.20
2.03
1.98
2.63
1.38
2.44
3.01
3.48
0.48
0.80
3.66
16.21
8.73
19.20
54.51
3.34
5.97
2.97
0.87
5.28
6.97
9.61
2.11
0.18
8.29
32.69
3.66
39.20
0.38
3.16
1.98
1.93
2.59
1.33
2.39
2.95
3.41
0.47
0.78
3.77
15.74
8.60
18.80
56.65
3.32
6.44
3.03
0.87
5.34
7.03
9.80
2.13
0.18
8.46
33.74
3.70
40.98
0.38
3.11
2.06
1.96
2.60
1.36
2.45
3.09
3.50
0.47
0.78
27.67
11.83
16.63
22.30
36.82
20.47
43.07
25.54
11.37
24.13
25.17
35.70
21.84
18.73
24.75
23.28
19.52
32.36
18.79
16.15
25.59
29.61
21.05
23.48
34.13
45.68
31.54
14.35
16.16
21.75
25.88
14.86
18.47
37.46
15.95
38.46
30.19
35.36
14.45
22.31
55.23
16.71
19.32
30.23
27.16
15.88
17.44
14.40
26.75
22.69
33.76
14.66
14.76
49.60
48.75
50.27
18.99
21.43
(19.09)
23.94
7.12
4.80
(27.28)
(0.53)
(36.15)
(18.31)
22.74
(5.29)
(7.02)
(31.27)
2.95
3.98
(17.12)
(11.20)
(6.79)
(15.11)
(0.07)
5.92
(17.38)
(12.79)
(3.58)
1.75
(27.81)
(38.93)
(24.83)
6.68
14.42
SELL
BUY
BUY
BUY
SELL
SELL
SELL
SELL
BUY
SELL
SELL
SELL
BUY
BUY
SELL
SELL
SELL
SELL
SELL
BUY
SELL
SELL
SELL
BUY
SELL
SELL
SELL
BUY
BUY
3.66
14.30
8.35
18.28
54.15
3.26
6.17
2.97
0.70
5.22
6.91
9.55
2.09
0.16
8.27
32.64
3.65
39.27
0.36
3.04
2.00
1.87
2.46
1.24
2.34
2.92
3.38
0.45
0.70
3.84
15.37
8.56
18.78
58.67
3.32
6.59
3.07
0.82
5.32
7.09
9.99
2.12
0.18
8.55
34.18
3.73
41.71
0.38
3.12
2.08
2.03
2.56
1.33
2.53
3.23
3.59
0.47
0.76
4.02
16.44
8.78
19.28
63.19
3.38
7.01
3.17
0.93
5.42
7.28
10.44
2.15
0.20
8.83
35.73
3.81
44.16
0.40
3.20
2.15
2.18
2.67
1.42
2.73
3.54
3.81
0.49
0.82
27.06
74.57
67.45
69.51
33.22
61.75
27.17
37.26
67.65
50.78
36.62
31.99
51.19
52.73
33.57
39.78
41.91
43.63
58.24
56.69
33.27
37.82
56.15
54.77
28.35
18.75
21.54
53.05
53.13
3.86
15.30
8.56
18.72
59.58
3.29
6.67
3.09
0.80
5.34
7.16
10.10
2.13
0.18
8.66
33.96
3.74
41.80
0.38
3.15
2.07
2.06
2.56
1.33
2.60
3.29
3.64
0.46
0.76
3.90
15.29
8.59
18.76
60.11
3.25
6.79
3.12
0.78
5.32
7.29
10.28
2.13
0.17
8.79
33.53
3.77
42.11
0.37
3.20
2.06
2.09
2.57
1.31
2.68
3.35
3.70
0.46
0.75
8.58
35.77
23.75
27.10
9.53
19.94
6.92
7.23
34.11
18.84
18.14
4.42
24.79
22.71
7.64
12.08
12.73
17.26
18.72
22.07
8.21
16.81
17.47
25.23
6.32
6.75
6.71
21.03
30.58
DMI
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-0.07
0.29
0.04
0.12
-1.49
0.03
-0.15
-0.03
0.03
0.00
-0.08
-0.18
0.00
0.01
-0.12
-0.13
-0.03
-0.62
0.00
-0.02
-0.01
-0.05
0.01
0.02
-0.08
-0.11
-0.08
0.00
0.01
-0.05
0.14
0.00
0.04
-1.04
0.03
-0.10
-0.03
0.03
0.00
-0.09
-0.16
0.00
0.01
-0.10
0.14
-0.02
-0.36
0.00
-0.03
0.00
-0.04
0.00
0.01
-0.08
-0.09
-0.06
0.00
0.01
(0.021)
0.153
0.039
0.078
(0.450)
0.002
(0.054)
(0.007)
0.006
0.000
0.005
(0.029)
0.002
(0.000)
(0.014)
(0.267)
(0.005)
(0.256)
0.001
0.014
(0.012)
(0.009)
0.010
0.004
(0.004)
(0.026)
(0.016)
(0.000)
0.004
SELL
BUY
BUY
BUY
SELL
BUY
SELL
SELL
BUY
BUY
BUY
SELL
BUY
SELL
SELL
SELL
SELL
SELL
BUY
BUY
SELL
SELL
BUY
BUY
SELL
SELL
SELL
SELL
BUY
DMI MACD
Signal Change
BUY
-
BUY
SELL
SELL
-
The table above consists of the revamped 30 SGX FTSE Straits Times Index component stocks, sorted by market capitalization
in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom
section.
the given date.
Page 1 of 2
Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy
when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. Buy when price touches the middle band and
sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band.
Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if
share price stays above the 30-day average and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed
crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the
trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend.
Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA)
and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD
diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero.
Bloomberg
Ticker
ST
DBS
OCBC
UOB
JM
WIL
HKL
CAPL
GENS
KEP
SGX
SIA
FNN
NOBL
CIT
JS
SPH
JCNC
GGR
STE
OLAM
CT
SCI
SMM
CD
STH
SIE
IFAR
Stock Name
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
SP
% upside
3.67
4.29
14%
16.43
16.87
3%
Close
SINGTEL
DBS
OCBC
UOB
JARDINE M.
WILMAR
HK LAND
CAPLAND
GENSP
KEPPEL
SGX
SIA
FNN
NOBLE
CITY DEV
JARDINE S.
SG PRESS
JARDINE C&C
GOLDEN AGRI
SG TECH
OLAM INT
CAP TRUST
SEMBCORP
SEMCORP M.
CMFT DELGRO
STARHUB
SIA ENG
IFOOD AGRI
YZJSGD SP YZJ
Target
Price
EPS ($)
2017
2016
2017
Div Yield(%)
2016
2017
0.3
0.3
14.7
14.0
4.9
5.1
4.36
3.38
0.00
1.694
1.722
9.7
9.5
3.7
3.7
17.33
13.01
-1.56
2016
PER(x)
52week Price
High
Low
% Chg
YTD
8.83
8.86
0%
0.8
0.9
10.5
10.3
4.1
4.2
9.45
7.41
0.34
19.43
19.33
-1%
1.9
1.9
10.4
10.2
3.8
3.9
20.12
16.80
-0.92
55.47
60.20
8%
3.9
4.0
14.1
13.8
2.5
2.7
63.71
45.00
13.83
3.37
3.31
-2%
0.1
0.2
17.1
12.4
1.5
2.0
3.75
2.61
14.63
6.10
6.99
13%
0.4
0.4
16.3
15.6
3.1
3.2
7.52
5.55
-12.86
3.00
3.77
20%
0.2
0.2
17.4
15.7
3.1
3.1
3.40
2.80
-10.45
0.88
0.88
0%
0.0
0.0
44.0
28.4
2.7
2.7
0.91
0.66
14.29
5.34
5.72
7%
0.5
0.5
10.3
10.1
4.1
4.2
6.91
4.64
-17.97
7.00
7.75
10%
0.3
0.4
20.8
19.2
4.2
4.5
8.05
6.61
-9.09
9.68
9.90
2%
0.5
0.5
20.2
20.7
3.6
3.1
11.67
9.60
-13.57
2.13
2.03
-5%
0.1
0.1
29.6
28.4
2.0
2.0
2.30
1.90
2.40
0.18
0.31
41%
0.0
0.0
6.7
5.3
1.7
1.7
0.37
0.11
-40.13
8.32
10.10
18%
0.6
0.6
13.3
13.1
1.8
1.7
9.24
6.55
9.79
32.92
37.70
13%
2.5
2.7
13.0
12.3
0.9
1.0
36.05
25.24
20.45
3.68
3.35
-10%
0.2
0.2
23.4
24.1
4.8
4.6
4.16
3.50
-6.60
40.45
47.73
15%
1.8
2.1
16.1
13.6
1.7
1.9
45.20
31.60
16.07
0.40
0.38
-3%
0.0
0.0
13.3
15.5
1.8
2.0
0.44
0.31
16.18
3.20
3.27
2%
0.2
0.2
20.9
18.7
4.4
4.6
3.45
2.63
7.92
1.98
1.74
-14%
0.1
0.1
15.2
14.5
2.0
2.0
2.17
1.56
8.79
1.96
2.24
13%
0.1
0.1
17.0
17.0
5.6
5.6
2.25
1.85
1.55
2.62
2.81
7%
0.2
0.3
11.5
10.2
3.2
3.4
3.45
2.16
-14.10
1.37
1.15
-19%
0.1
0.1
25.8
21.7
2.0
2.0
2.29
1.22
-21.71
2.41
3.04
21%
0.2
0.2
16.0
15.2
4.1
4.6
3.12
2.39
-20.98
2.96
3.19
7%
0.2
0.2
14.4
14.9
6.8
6.7
3.97
2.95
-20.00
3.45
3.53
2%
0.1
0.2
23.6
22.7
4.3
4.1
3.91
3.31
-6.76
0.48
0.56
15%
251
421
17.8
10.6
7151
12490
0.63
0.41
-3.06
0.78
0.90
14%
0.5
0.5
7.8
7.9
23.1
23.5
1.16
0.71
-29.09
Note : The above data based on Bloomberg consensus.
Disclaimer
The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are subject to
change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss
arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein.
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