[Maybank Kim Eng] Today's Research - Malaysia

03 Nov 2015, Tuesday

g Macro Research - Malaysia: Malaysia Strategy - Fund flows | Chew Hann Wong - Malaysia: Technicals - Index appears to be treading water | Lee Cheng Hooi - Malaysia: Other News - | Malaysia Research Team

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