Tuesday, November 3, 2015

[Maybank Kim Eng] Today's Research - Malaysia

03 Nov 2015, Tuesday




MY: Malaysia Strategy

Chew Hann Wong
(603) 2297 8686
wchewh@maybank-ib.com


Strategy Research: Fund flows


§  Foreign investors turned net buyers in the first three weeks of October, only to reverse their position in the last week.
§  The remaining two months of 2015 is likely to see volatilities persisting, main driver being the US FFR ‘lift-off’, potentially in its last meeting for the year.
§  At the domestic front, there are at least five developments to watch out for, till year-end. Keep a defensive strategy.

MY: Technicals

Lee Cheng Hooi
(603) 2297 8694
chenghooi.lee@maybank-ib.com

Technical Research: Index appears to be treading water


§  AMBANK - On a very strong downward Wave 5 move.
§  FBMKLCI – Index appears to be treading water.
§  Supports of 1,630 and 1,658 will be weaker.
§  Resistances of 1,664 and 1,690 will cap any rebound.

MY: Other News

Malaysia Research Team

Economics Research:


Outside Malaysia
  U.S: Manufacturing stagnated in October on weak exports
  E.U: Manufacturing in the euro area unexpectedly accelerated in October
  E.U: ECB spent EUR 64b on QE last month as stimulus reviewed
  U.K: Manufacturing growth unexpectedly accelerated to the fastest in 16 months in October
  China: Factory gauges signaled that manufacturing still hasn’t bottomed out
Malaysia
  Transportation: Chinese firms get letter of intent for Gemas-JB line
  Icon Offshore: Amir is new managing director of Icon
  Top Glove: To raise funds to chase condom takeovers
  Sona Petroleum: Buying Australia's Stag oilfield

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