Technical Analysis Training Program - Penang (01 November 2009)

CIMB are pleased to announce that there will be a FREE preview entitled Technical Analysis Training Program organised byChartNexus Pte Ltd and supported by CIMB Investment Bank Berhad in Penang.

 

In this seminar, Mr William from ChartNexus will share his view on the local market outlook. Mr William has an extensive analytical skill and writes regularly on the regional market outlook. He is a core member of the ChartNexus Team of Trainers in Malaysia and has trained thousands of investors in his training sessions. William is also a key figure in the after-course support program leading charges such as graduate gatherings.

 

Seminar Details:-

 

Join us in this popular seminar where our trainer will be sharing an outlook of the stock market and present the best trading strategies to time your investments.

 

·         Analysis on the market direction and the sector-in-play

·         Trading strategy in focus

·         Stock selection by the ChartNexus trainers

 

Date	1st November 2009 (Sunday)
Time	9.30 am – 11.30 am
Venue	Gurney Hotel, Function Hall 1, 18, Persiaran Gurney 10250 Georgetown Penang

 

Don’t miss this seminar to learn more about the investment opportunities in the current market trend.

 

For registration, please contact us at 04-2385 936 / 900 or email us at itradepg@cimb.com by 30^th October 2009 (Friday). Registration is on a first-come-first-serve basis.

 

Market News - 22 Oct 2009

U.S. and European Market Roundup 

·  The DJIA down 92.12 points to 9,949.36 points.

·  Spooked traders unraveled a rally in stocks late Wednesday as a downbeat assessment of a bank touched off fears that the market is getting overheated. 

·  European shares closed higher on Wednesday, with oils gaining as crude rose to more than $80 a barrel, and as U.S companies continued to beat forecasts for third-quarter earnings. 

Macro and Corporate New

·  Hong Leong Bank plans to further expand its reach in Vietnam with the establishment of branches and transaction centres after the establishment of its head office in Ho Chi Minh City, which is officially launched on Oct 8.

·  Malaysia Airlines Cargo Sdn Bhd (MASkargo), the air cargo unit of Malaysia Airlines (MAS), has warned that revenue from its operations here could fall 20% this year on lower yields and capacity.

 

Market News - 21 Oct 2009

U.S. and European Market Roundup 

·  The DJIA down 50.71 points to 10,041.48 points.

·  U.S stocks retreated from 12-month highs on Tuesday as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers including Apple and Caterpillar. 

·  European equities retreated from one-year highs to end lower on Tuesday, pressured by weaker than expected U.S housing data, with a sharp decline in Barclays on a stake sale by Qatar dragging down financials.

 

Macro and Corporate New

·  Muar Ban Lee Group, a manufacturer of oil seed crushing machines for the plantation industry, is bidding for RM200 mln worth of jobs and hopes to secure some 3 to 5% of it.

·  Supermax Corp the world's second largest rubber glovemaker, plans to pay its first-ever special dividend this year and set a higher dividend policy next year.

 

Market News - 20 Oct 2009

U.S. and European Market Roundup 

·  The DJIA up 96.28 points to 9,995.91 points.

·  U.S. stocks rose to fresh 12-month highs on on better-than-estimated earnings and speculation the economy is healthy enough for policy makers to unwind efforts to shore up the financial system. 

·  European shares hit a fresh 12-month closing high on Monday on increasing optimism for the third-quarter corporate earnings season, and with food group Nestle rising after a broker upgrade.

 

Macro and Corporate New

·  RHB Capital plans to finance the deal with a discounted rights issue that will raise up to RM1.3 bln.

·  The Sarawak state government has offered to take Sarawak Energy (SEB), the country's second-largest electricity company, private in a deal valued at about RM1.4 bln.

 

Market News - 19 Oct 2009

U.S. and European Market Roundup 

·  The DJIA down 67.03 points to 9,995.91 points.

·  U.S. stocks fell on Friday after disappointing results from General Electric Co and Bank of America Corp demonstrated the road to economic recovery would be bumpy. 

·  Elsewhere, Disappointing third-quarter results from Bank of America and General Electric and weak U.S consumer sentiment survey dragged European shares lower on Friday from a one-year high.

Macro and Corporate New

·  Bursa Malaysia reported a 52% jump in its third quarter net profit, driven by buoyant trading activities.

·  Malaysia Airlines should see better results in the third quarter than in the second quarter, says its newly-appointed Managing Director and CEO.

 

Market News - 12 Oct 2009

U.S. and European Market Roundup 

·  The DJIA up 78.07 points to 9,864.94 points.

·  U.S stocks climbed on Friday, with the Dow hitting a closing high for 2009, as investors anticipated positive news from next week's key earnings reports and bullish broker comments boosted tech shares. 

·  European shares closed lower on Friday, dragged down by the telecommunication sector as Telefonica disappointed investors and miners weighed tracking a fall in metal prices.

 

 

 

Macro and Corporate New

·  Malaysian Aerospace Engineering has set a RM2 bln revenue target for this year, of which RM520 mln will come from third-party maintenance, repair and overhaul services.

·  Bahrain's Unicorn Investment Bank is interested in buying Dubai Group's stake in Bank Islam Malaysia and plans to issue sukuk in Saudi Arabia before the end of the year.

 

Market News - 09 Oct 2009

U.S. and European Market Roundup 

·  The DJIA up 61.29 points to 9,786.87 points.

·  Investors cheered a stronger-than-expected earnings report from aluminum giant Alcoa as it swung to a surprise profit during the third quarter, which snapped a three-quarter losing streak. 

·  The Dow rose 61.29, or 0.6%, to 9,786.87 while the Standard & Poor's 500 index rose 7.90, or 0.8%, to 1,065.48. Bond prices fell, pushing yields higher.

 

 

 

Macro and Corporate New

·  Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) is planning to raise some RM1.5 billion from the sale of government-guaranteed Islamic bonds.

·  Top Glove Corp Bhd more than doubled its fourth-quarter net profit, driven by strong demand for its products amid the ongoing flu scare.

·  Changhuat Corp Bhd, a maker of plastic parts, is investing RM26 million to buy the remaining 37% shares in oil and gas group Arus Demaga Sdn Bhd (ADSB).

 

Market News - 06 Oct 2009

U.S. and European Market Roundup 

·  The DJIA up 112.08points to 9,487.67 points.

·  U.S stocks added to gains on Monday, pushing the Nasdaq and Standard & Poor's 500 indexes up more than 1% on positive economic data, as financials rose following positive broker comments on banks. 

·  European shares ended 0.8% higher on Monday as better-than-forecast data in the United States and Europe helped lift banks, while telecoms were boosted by merger activity between Telenor and Alfa Group.

  

Macro and Corporate New

·  Bina Puri Holdings, one of the largest construction groups in the country, has won a RM185 mln contract from Mayland View Sdn Bhd to build a 38-storey serviced apartment building in Jalan Kuching, Kuala Lumpur.

·  KNM Group , through subsidiaries - FBM-KNM FZCO, KNM Process Systems Sdn Bhd (KNMPS) and Borsig Boiler Systems GmbH - has secured new orders from international clients amounting to RM155 mln.

 

Market News - 05 Oct 2009

U.S. and European Market Roundup 

·  The DJIA down 21.61points to 9,487.67 points.

·  The Dow Jones industrial average fell for a fourth day, losing 22 points one day after sliding 203 on reports of weak manufacturing and a jump in claims for jobless benefits. 

 

Macro and Corporate New

·  Tenaga Nasional Bhd and Argentina's giant energy firm Impsa have forged an alliance here to create an IPP run by wind generated turbines. The IPP is formed to reduce TNB's high dependency on depleting fossil fuels as well as cut cost in capacity payments to the current IPPs.

·  Proton Holdings Bhd’s Chairman Datuk Mohd Nadzmi Mohd Salleh said Proton does not need a foreign partner to survive, stressing that it still has the upper hand in any collaboration talks.

·  Tradewinds Corp Bhd expects property development to start contributing significantly to its revenue sometime between 2011 and 2012.

 

Market News - 02 Oct 2009

U.S. and European Market Roundup 

·  The DJIA down 203.00 points to 9,509.28 points.

·  The Dow and S&P 500 suffered their worst one-day fall in three months on Thursday after economic reports fueled fears about the recovery's strength. 

·  European equities hit a three-week closing low on Thursday, a day after recording the best quarterly gains in a decade, with a slew of poor data reigniting worries about the pace of economic recovery.

 

Macro and Corporate New

·  Pilgrims fund Lembaga Tabung Haji (Tabung Haji) stands ready to provide the necessary funds to support Bank Islam Malaysia's growth plans, especially in Indonesia, now that the lender's Dubai investor cannot be counted on for financial support.

·  Proton Holdings expects to sell 10% more cars than it forecast in the UK this year, thanks to a large base of repeat customers and a growing market for cars that use liquefied petroleum gas (LPG) as fuel.

 

Market News - 01 Oct 2009

U.S. and European Market Roundup 

·  The DJIA down 29.92 points to 9,712.28 points.

·  U.S stocks fell on Wednesday after a surprising contraction in an index of Midwest business activity, but buying of technology bellwethers like Cisco Systems Inc at the end of a strong quarter limited losses. 

·  European shares climbed 17.3% in the July-September period, the best quarterly gains in almost a decade, against an 11.5% decline in the third quarter of last year.

  

Macro and Corporate New

·  Tanjong Plc said its net profit rose 32.8% to RM181.5 mln from RM136.7 mln for the second quarter to July 31 2009 due to improved topline performances in all business segments including power generation, gaming and leisure segments.

·  Pernec Corp, a unit of Permodalan Nasional Bhd (PNB), targets revenue to reach RM400 mln this year, helped by its revitalised payphone business.