SEMINAR JUTAWAN SAHAM... http://seminarjutawansaham.blogspot.com

Technical View

Considering that the FBM KLCI still closed marginally higher over the last two trading days of last week after adding some 45 pts in the three successive sessions, the odds remain high that the index would able to test the resistance line of the uptrend line soon.
As we mentioned last week, we had drawn the new resistance line which is projected from the uptrend line. At this stage, the resistance line is still very much at the assumption stage, being simply a projection from uptrend line 1. This is because we would need at least three connecting points to draw a trend line but the September peak is the only point we have now.
Remember the market’s remarkable intra-day rebound last Thursday, which saw the index recoup a 10-pt loss during the session and ending with a 14.28-pt gain? A market correction which ends on the same day during a strong upward phase is what we normally view as a sign of great conviction on the market’s near-term upside momentum. As the FBM KLCI still closed below its usual 80-pt RSI overbought level last Friday, this means the door is still open for additional gains. Moreover, there is room for the index to charge forward before reaching the resistance line.
Needless to say, the near-term technical outlook of the FBM KLCI is firmly bullish as it is now trading at its historic high and continues to trend higher within the uptrend channel.
From the current level, last Friday’s intra-day high of 1,572 pts is still the immediate resistance. To the downside, continue to look for immediate support at the 1,551 pt-level, followed by the 1,532 ptlevel. 

Market Review

Higher closing. The FBM KLCI rose 3.84 points to close at 1,572.21 on Friday. Meanwhile, Johor Corp is considering selling various assets, including some landbank, properties and plantation assets to partly repay its current RM3.6bn debt, which is due for repayment in July 2011 while Hap Seng Consolidated Bhd is proposing a renounceable rights issue, bonus issue and private placement to raise funds for capital expenditure requirements, corporate purposes and additional working capital. QSR Brands Bhd will be investing over  RM40m to expand its restaurant outlets this year while VTI Vintage Bhd has been awarded a RM26.5m contract by Billion Edge SB to undertake building and infrastructure works in Negeri Sembilan. According to Bank Negara, Malaysia’s international reserves amounted to US$106.5bn on 31 Dec 2010. Finally, both the US markets and crude oil price ended marginally lower on Friday as the USD strengthened slightly on growing signs of a recovery of the US economy.

Bursa Terus Meningkat

KUALA LUMPUR 9 Jan. – Harga-harga saham dijangka meneruskan peningkatannya minggu ini dengan pelabur dirangsang oleh unjuran kukuh pemulihan ekonomi dunia, kemasukan dana serta pemintaan yang meningkat menjelang Tahun Baru Cina.

Menurut firma penyelidikan, terdapat pelbagai berita yang menggerakkan pasaran yang akan meningkatkan harga, termasuk cakap-cakap mengenai kemungkinan pilihan raya umum (PRU) ke-13 tahun ini.

Bagi minggu yang baru berakhir, Indeks FTSE Bursa Malaysia KLCI (FBM KLCI) berjaya mengekalkan paras tinggi sejak didagangkan pada hari pertama 2011.

Saham berkaitan kewangan serta makanan dan minyak makan, mendapat perhatian, dengan saham telekomunikasi menyertainya pada Jumaat.

Penurunan kecil berikutan pengambilan untung masih berlaku, namun sentimen asas yang kukuh membolehkan ia diserap dengan baik.

Dagangan pada minggu yang baru berakhir, rancak dengan nilai saham mencecah paras tinggi RM3.69 bilion pada 5 Januari 2011, paras yang tidak jauh berbeza dengan RM5.567 bilion yang direkodkan pada hari yang sama 17 tahun lepas (5 Januari 1994).

Maybank memulakan tahun ini dengan pengumuman penting mengenai cadangan pengambilalihan 44.6 peratus firma pembrokeran Singapura, Kim Eng Holdings Ltd., bagi sejumlah RM1.9 bilion, untuk muncul sebagai broker kelima terbesar di ASEAN.

Cadangan pengambilalihan itu menerusi unitnya, Aseam Credit Sdn. Bhd. dengan harga S$3.10 (RM7.13) sesaham, dijangkakan selesai pada akhir Mei tahun ini. Jumlah kos pengambilalihan 100 peratus Kim Eng berjumlah RM4.26 bilion, katanya.

Harga saham Maybank ditutup pada RM9.00, pada Jumaat, susut satu sen.

Saham pengeluar kasut sukan dari China, Maxwell International Holdings Bhd., mula didagangkan di Papan Utama Bursa Malaysia pada 56 sen, dengan premium dua sen, pada Khamis. Ia ditutup setengah sen lebih tinggi pada 57 sen.

Pada akhir minggu ini, FBM KLCI melonjak 3.5 peratus atau 53.3 mata untuk ditutup pada paras tertinggi dalam sejarah pada 1,572.21, berbanding 1,518.91 pada penutupan Khamis minggu lepas.

Minggu ini, FBM KLCI mencecah paras tertinggi harian pada 1,576.95.

Mengikut perbandingan mingguan, Indeks FBM Emas meningkat 416.89 mata kepada 10,791.87, Indeks FBM Top 70 menambah 578.93 mata kepada 11,476.83 manakala Indeks FBM meningkat 144.90 mata kepada 4,492.46.

Indeks Kewangan melonjak 559.69 mata kepada 14,416.01, Indeks Perusahaan meningkat 96.11 mata kepada 2,929.06 manakala Indeks Perladangan menambah 212.18 mata kepada 8,248.43.

Jumlah dagangan mingguan melonjak kepada 10.7 bilion saham bernilai RM15.255 bilion berbanding 3.624 bilion saham bernilai RM5.355 bilion minggu sebelumnya. Jumlah dagangan di Pasaran Utama meningkat kepada 8.657 bilion saham bernilai RM14.758 bilion berbanding 2.602 bilion unit bernilai RM5.16 bilion sebelumnya.

Jumlah dagangan di Pasaran ACE, meningkat kepada 453.175 juta saham bernilai RM81.022 juta berbanding 427.229 juta saham bernilai RM73.747 juta.

Waran meningkat kepada 1.517 bilion unit bernilai RM382.213 juta berbanding 532.831 juta saham bernilai RM103.534 juta sebelumnya

Ketua Penyelidik Runcit Affrin Investment, Dr. Nazri Khan berkata, FBM KLCI dijangka terus meningkat dalam jangka terdekat memandangkan pelabur mendapati faktor kukuh untuk membuat pertaruhan besar berikutan penutupan tinggi pada minggu pertama 2011 dengan keuntungan mingguan 3.1 peratus dan jumlah dagangan minggu terbaik dalam tempoh enam bulan. – BERNAMA

PUABUMI Funds Focus

Window To The World

• Modest gain in most markets – After a remarkable gain in September, most of the market registered modest increase in Oct except China. Hong Kong and South Korea rose 3.3% and 0.5% respectively compared to September. Whereas Japan slipped 1.8% from September as the market still remains in doldrums.

• China outpace most of the market in October –China equity market recorded phenomenal gain of 11.3% compared to 0.6% in September stemming from the revival of investor confidence and ample liquidity resulted from the huge influx of capital seeking to earn high return from the CNY appreciation and its inexorable economic growth. The retails sales surged 18.8% and the urban & rural household per capital rose 7.5% and 9.7% respectively compared to last year bode well for further strengthening of domestic demand and private consumption.

• US Fed to pour US$600bil into the economy – Although the US consumers maintain steady pace of spending, boosting retail sales at 0.6% m-o-m and 7.3% growth compared to last year signalling that the US economy is recovering, US Federal Reserve decided to buy US$600bil of Treasury on fears of latent deflationary problem. 

A Peep into Malaysia

• Malaysia equity market gained 2.9% – FMB KLCI registered a modest gain of 2.9% m-o-m in October driving the YTD appreciation to 18.3%, the highest compared to most of the peers in the region. This was due to the rising inflows of foreign capital and positive expectation of market performance.

• Ringgit depreciated marginally – After four consecutive months‟ of appreciation since May 2010, the Ringgit softened 0.34% in October. However, Ringgit still gained 9.59% YTD. The strengthening of Ringgit becomes a challenging issue to defend the competitiveness of our export.

• Higher than expected budget deficit –Malaysia‟s rising operating expenditure of 7% from year 2010 and rather flattish fiscal revenue at RM166bn resulted in higher than expected budget deficit of 5.7% for year 2011. The issues of high budget deficits resulting in high debt servicing in future become a concern for many countries. Failing to control the rising budget deficit may erode creditability of a country and dampens investors‟ confidence and future economic growth.

  

Lighting Up Your Path

• Implication of US$600bn quantitative easing (QE2) – The huge funds created by US Federal Reserve and its near to zero interest rate will benefit the emerging market‟s stocks and debts markets. The USD will depress and other currencies will strengthen. However, the liquidity will cause inflationary pressure and become a challenge to many countries to contain inflation by normalizing interest rate, further strengthening their currencies or implementing capital intervention. There is also a concern that asset bubbles may burst once the speculative capital flow out of emerging markets.

• Be prepared for profit taking – FBM KLCI has been on the rising trend on liquidity rush and approaching the highest point at 1524.29 on 14th Jan 2008. While there is better sentiment and many perceive that this is going to be a super bull run, profit taking is highly possible. We maintain our moderate and cautious stance.

YouWalking With 

• Despite the strong bull in KLCI, we will not chase the market and recommend no changes to our portfolio.

 

• HwangDBS Asia Quantum gained 4.3% in October compared to 4.4%gains in September.

• PruAsia Pacific Shariah Fund slipped from 7.7% gain in September to 3.2% gain in October was consistent with the modest gain in Asia Pacific Markets other than China. The investment in China only contributed around 4% to the total portfolio.

• Kenanga Growth Fund outperformed FBM KLCI index and gained 4.3% in October.

• HwangDBS Aiiman Growth fund‟s performance improved noticeably from 2.9% in September to 4.5% in October.

• For mixed asset class, the performance of OSK-UOB Kidsave and RHB Mudharabah improved with gain of 1.9% and 3.8% respectively compared to 1.5% and 3.3% gain in September.

•  AmBon had been consistently outperforming benchmark since August 2009 and registered a gain of 0.3% in October.

• The YTD return of PMB Model portfolio and PMB Islamic portfolio have been on the rise after bottoming out in May 2010, both registered YTD gain of 10.2%. In October, PMB Model portfolio‟s maintained the same growth pace at 2.6% m-o-m, whereas PMB Islamic Model Portfolio gained another 3.5% after appreciating 3.7% in September.

• No changes were made to both portfolios.

Fund for the Month-Kenanga Growth  

• Turned Around – We met with the CIO of Kenanga Investor Bhd to understand the improved performance of Kenanga Growth Fund. The fund turned around after the change of management in 2009. It has since outperformed FBM KLCI due to its defensive strategy investing a large percentage of its fund in consumer non-cyclical sector.

• Risk Managed Investment Strategy- Kenanga Growth Fund has implemented the “Risk Managed Investment Strategy” since April 2007. They estimate the volatility of the portfolio to determine the portfolio‟s value-at-risk and also test them under stress conditions to ensure that they do not break below the floor. If the portfolio performed above the floor value, they will resume the amount of risk which is equivalent to the differential gap called “Risk Capital”.

• Definition of “Floor Value”- The floor value is rising constantly and represents minimum return required by the client over the medium-to-longer term.

 

Tracking our Recommendations

• Majority of equity funds in Malaysia outperformed FBM KLCI which gained 2.9% in October and maintained average gain at around 3.6%. The average performance of funds under Mixed Assets and Fixed Income remained flattish. Most of the overseas funds registered lower gain compared to September witnessed the modest gain in most of the Asia Pacific Region.

• Avenue BondExtra recover 1.7% in October compared to huge loss of 10.1% in September caused by the default of CapOne bond as mentioned in our September report. They are in the process of asking for deferment and restructuring of debt payment.

• Kenanga Investor Berhad (formerly known as CMS Trust Management Berhad) has been 100% acquired by Kenanga Investment Bank in December 2009. CMS Trust Management Berhad) was previously owned by CMS Capital Sdn Bhd and AGI Asset Management Limited. Seven funds under this company have been renamed from CMS to Kenanga with effect from 1st November 2010. (see funds in the scoreboard with symbol “!”)

PUABUMI kini mempunyai pusat latihan sendiri akhirnya....

Persatuan Perunding Unit Amanah Bumiputera Malaysia (PUABUMI) kini melangkah setapak lagi kedepan dengan menyewa sebuah pejabat untuk dijadikan pusat latihan PUABUMI yang lengkap dengan 4 bilik seminar yang selesa... beralamat di no 5788, Jalan Pungguk, Taman Jakar Jaya, 24000 Cukai, Kemaman, Terengganu yang bersebelahan dengan Pasaraya Tunas Manja dan ditepi jalan besar utama laluan K. terengganu - Kuantan dengan kawasan parking yang luas dan percuma dengan fasiliti kedai makan berhampiran dan hotel2 penginapan yang selesa berdekatan... Jaraknya hanya 3 jam setengah dari Bandaraya Kuala Lumpur melalui lebuhraya pantai timur... dijangka akan menjadi tumpuan pelbagai aktiviti yang dirancangkan...

Antara aktiviti yang dirancangkan ialah... seminar pasaran saham semasa... seminar unit amanah percuma... seminar kerjaya untuk lepasan IPTA... klinik matematik untuk POMR dan SPM... kelab pelabur saham... latihan peribadi untuk bakal2 remisier... dan banyak lagi...

Semuga segala usaha murni ini akan diberkati olehNya...

Program Pendidikkan PUABUMI

Seminar Jutawan Saham... membongkar pelaburan di Bursa Malaysia
Jadual seminar.... sila rujuk http://remisier7rm.blogspot.com

Segmen Utama ~ Ekuiti (Sabtu)
9.00 am - 9.30 am : Pendaftaran peserta seminar
9.30 am - 11.00 am : Kupasan tentang ilmu2 pelaburan yang diiktiraf di kerajaan Malaysia
11.00 am - 11.15 am : Tea break
11.15 am - 12.45 am : Mengenal secara terpeinci jenis-jenis saham di Bursa Malaysia seperti saham biasa, saham utama, terbitan bonus, terbitan hak, waran, waran panggilan tempatan dan luar negara, waran terbitan dan lain-lain
12.45 am - 2.15 pm : Makan tengahari dan solat
2.15 pm - 3.45 pm : Teknikal Analisis dengan penekanan kepada konsep Dan Zanger, cara-cara mengguna portal kewangan dan indikator2 penting seperti MACD, RSI, Moving Average dan rahsia ELLIOT WAVE
3.45 pm - 4.00 pm : Tea Break
4.00 pm - 5.30 pm : Analisis Fundamental termasuk BONUS istimewa - cara2 mudah dan ringkas untuk mengenalpasti nilai sesebuah syarikat tanpa perlu menjadi akauntan, CEO atau pengarah syarikat...
5.30 pm - 6.00 pm : Sesi soal-jawab

Segmen Pasaran Hadapan & CPO (Ahad)
9.00 am - 9.30 am : Pendaftaran Peserta
9.30 am - 11.00 am : Pasaran Hadapan
11.00 am - 11.15 am : Tea break
11.15 am - 12.45 am : Pasaran Minyak Mentah Kelapa Sawit (CPO)
12.45 am - 2.15 pm : Makan tengahari dan solat
2.15 pm - 3.45 pm : Pendedahan pergerakan pasaran melalui carta untuk meramal pasaran akan datang
3.45 pm - 4.00 pm : Tea break
4.00 pm - 5.30 pm : BONUS - mempelajari strategi berurusniaga yang berkesan!
5.30 pm - 6.00 pm : Sesi soal-jawab