1:18 AM : still cant sleep..monitoring DJ up 80.00 rite now...aiyooo...bila mau turun ni arrr...some stock in my radar rite now. itz TIME, KUB, SCOMI, DIALOG ....wating for some SALE 1st b4 buying...
1:20 AM : ve to force myself to sleep...
10:00 AM : Just woke up..KLCI up 3pt to 1286.40 followed DJ gained 78.53 pt to 10,403.79...im not buying yet..still watching..
TOP PICKS FROM JP MORGAN
Malaysian banks such as CIMB Group Holdings Bhd and government-linked companies including Sime Darby Bhd may gain as faster-than-expected economic growth this year underpins earnings, JPMorgan Chase & Co said.
Fourth-quarter earnings last year “have been robust, setting the stage for a strong 2010,” Chris Oh, an analyst at JPMorgan, said in a report yesterday.
Corporate profits may increase 20.7 per cent this year after growth of 3.3 per cent in 2009 as the Southeast Asian nation emerged from its first recession in a decade in the last quarter. Prime Minister Datuk Seri Najib Razak has unveiled RM67 billion of stimulus measures and accelerated efforts to open up the economy to attract more foreign investors.
JPMorgan, which covers 35 companies in Malaysia, said other top picks include Public Bank Bhd, AMMB Holdings Bhd, energy utility Tenaga Nasional Bhd, Genting Bhd, Asia’s largest listed casino operator, and builder IJM Corp.
The FTSE Bursa Malaysia KLCI Index, which rallied 45 per cent last year, advanced 0.5 per cent to 1,290.33 as of 10:54 am local time, set for the highest close since January 25.
The government has eased rules governing overseas investors, initial public offerings and property purchases in a bid to lure more foreign money and shore up the economy.
Some Traction’
With “some traction on Prime Minister Najib Razak’s reform agenda, coupled with the take-off of some large infrastructure spending, the risk to 2010 earnings growth remains to the upside,” Oh wrote.
Malaysia emerged from recession last quarter with gross domestic product rising 4.5 per cent from a year earlier. Malaysia’s exports may rise 6 per cent to 7 per cent this year, International Trade and Industry Minister Mustapa Mohamed said near Kuala Lumpur today. Higher export growth is needed for Malaysia to achieve economic expansion of 5 per cent to 6 per cent this year, he said.
Economic expansion is now “likely” to exceed 5 per cent this year after growth was better than expected in the fourth quarter, Oh said in the report. -- Bloomberg
taken out from Btimes
Now time to go for work...
7:30 PM: KLCI up 4.67pt to 1288.07...
MAS falls most in 2 years
Malaysian Airline System Bhd, the national carrier, dropped the most in almost two years in Kuala Lumpur trading, making it the worst performer on the MSCI Asia Pacific Index today.
The stock slid 7.2 per cent to RM2.06 at 4:58 pm local time, set for the steepest decline since March 10, 2008. The shares fell before the March 3 deadline for the acceptance and payment for the rights shares.
taken out from-- Bloomberg
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