The oil complex has been driven by supply concerns amid prospects that most significant driver in oil price sentiment.

SINGAPORE: Oil prices edged lower on Monday as a rising rig count in the United States pointed to higher production, but prices held near more than three-year highs and were on track to rise for a second consecutive month.

The oil complex has been driven by supply concerns amid prospects of the United States reimposing sanctions on Iran, while OPEC-led producers continue to withhold supplies.

Brent crude futures, the international benchmark, dipped 34 cents, or 0.5 percent, to $74.30 a barrel in early trading. Prices climbed as high as $75.47 last week, levels not seen since November, 2014.

U.S. West Texas Intermediate (WTI) crude futures were at $67.98 a barrel, down 12 cents, or about 0.2 percent, from their last settlement.

"There's a small drop in trading this morning but volumes are low and there's not much commitment in the selling. The overall trend is positive and there's potential for the market to close higher again today," said Michael McCarthy, chief marketing strategist at CMC Markets.

"The underlying strength in crude markets is quite impressive and a lot of it is predicated by sanctions... Other than that it's the demand picture around the globe, and if that continues we could see higher prices."

U.S. drillers added five oil rigs in the week to April 27, bringing the total count to 825, the highest level since March 2015, General Electric's Baker Hughes energy services firm said.

"The increase in rigs is modestly bearish for oil prices because increasing rigs is usually associated with increasing supply," Bill O'Grady, chief market strategist at Confluence Investment Management said in an email.

"However, the increase in rigs was modest and this news is overshadowed by other things, including Angola's production decline, the potential for an end to the Iranian nuke deal, continued threats by Houthis to Saudi oil shipping and infrastructure."

U.S. crude production has soared more than 25 percent since mid-2016 to a record 10.59 million barrels per day (bpd). Only Russia currently produces more, at around 11 million bpd.

Brent prices have gained nearly 6 percent this month, buoyed by expectations the United States will renew sanctions.

U.S. President Donald Trump has until May 12 to decide whether to restore sanctions on Iran that were lifted after an agreement over its disputed nuclear programme.

"Precisely what happens with Tehran's nuclear program remains the most significant driver in oil price sentiment," said Stephen Innes, head of trading for Asia-Pacific at futures brokerage OANDA.

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How to Gain Money in BURSA... It's a True Story or not!

Is It Possible an KLSE Investor - Jimmy Makes 1000% Gain from Bursa Malaysia within The First Half of 2016!

This is an anecdote about how Jimmy swings RM10k to RM100k in KLSE inside the main portion of 2016.

Jimmy had a capital of RM10, 000 and all through the principal half of 2016, he just exchanged 2 stocks.

In the start of 2016, he examined the impacts of declining oil cost and reached a conclusion that aeronautics part could advantage to a great extent from it.

He picked AAX-WA as it offers the best influence.

He purchased 200k units of AAX-WA at RM0.05 on thirteenth of Jan 2016.

AAX reported an arrival to dark on its Feb QR and its cost surged.

Jimmy was persuaded with the execution and chose to keep holding AAX-WA notwithstanding its to a great degree high premium.

In the middle of, Jimmy had been always concentrating on different stocks that can offer him great return in KLSE.

Out of 1000 of stocks in KLSE he discovered EMETALL.

He found that EMETALL had additionally quite recently recuperated from making misfortunes on Feb 2016.

In any case, he was confused and uncertain why EMTALL cost was not moving.

Thus he kept on holding AAX-WA, in the interim nearly observed EMETALL.

In early Apr, he saw EMETALL began to have activity.

In the meantime, AAX-WA additionally began to bounce back following 1 month of remedy.

After a few studies, he chose to locate a decent cost to offer his AAX-WA and switch to EMETALL.

On twentieth of Apr 2016, he sold all his AAX-WA at RM0.22. (allude AAX-WA value graph)

His capital together with benefit had gotten to be RM44k.

He then exchanged all his cash to EMETALL.

On the following day, 21st of Apr 2016, he purchased 125k units of EMETALL at RM0.35.

By end of May, EMETALL reported another great QR and brought on its cost to move higher.

Inside 2 weeks, the great QR had driven EMETALL cost from RM0.47 to most elevated at RM0.9, just about 100% addition.

Jimmy felt that the rally had gotten to be unreasonable and he chose to offer EMETALL.

He sold all his EMETALL at RM0.875 on tenth Jun 2016. (allude EMETALL value graph)

His capital together with benefit had now gotten to be RM110k, which is equal to 1000% increase of his capital.

Furthermore, the story closes here… .




Conclusion:

Anyway, what lesson does Jimmy's story show us?

Firstly, it is conceivable to make benefit from KLSE when more extensive business sector fails to meet expectations.

Furthermore, it is even conceivable to make gigantic increase, a 1000% addition, from KLSE inside brief period.

Thirdly, with adequate information and abilities, it is feasible for us to win in KLSE.

 Hot Stock Update for BURSA:

KLSE-INTRADAY

·         SKPETRO

·         AWC

·         YILAI

KLSE-LONG

·         AWC

·         AIR ASIA

·         YILAI 

To get More Updates: Stock Signals Malaysia,Stock Picks,Klse Stock Recommendation,Stock Tips,Stock Trading Tips,Klse Stock Tips

 

 

Definite Trading Range Topple For Malaysia Stock Market

Definite Trading Range Topple For Malaysia Stock Market

The Malaysia securities exchange has moved higher in consecutive sessions, in spite of the fact that it has included only a modest bunch of focuses or 0.3 percent along the way. The Kuala Lumpur Composite Index moved simply over the 1,630-point level, and the business sector is taking a gander at another genuinely level lead for Friday.

The worldwide estimate for the Asian markets is level to higher, with alert liable to rule in front of U.S. work information later today - while a decrease in the cost of unrefined petroleum likewise might be an element. The European and U.S. markets were blended yet minimal changed and the Asian markets figure to take after that lead.

The KLCI completed marginally higher on Thursday taking after increases from the money related shares, manor stocks and mechanical issues.

Among the actives, Sime Darby, Maybank, Tenaga Nasional, Public Bank and AirAsia all completed higher, while MISC and Petronas Chemicals finished lower.

The lead from Wall Street is carefully hopeful as stocks moved higher on Thursday, disregarding a lower open.

The Dow rose 48.89 focuses or 0.3 percent to 17,838.56, while the NASDAQ progressed 19.11 focuses or 0.4 percent to 4,971.36 and the S&P 500 climbed 5.93 focuses or 0.3 percent to 2,105.26.

The recuperation by the business sectors likewise came as merchants looked ahead to the arrival of the nearly observed month to month employments report later today. The information could significantly affect the standpoint for whether the Federal Reserve raises financing costs in the not so distant future.

A decline by the cost of unrefined petroleum weighed on the business sectors ahead of schedule in the session after an OPEC meeting neglected to bring about a concurrence on another yield target.

Nearer to home, Malaysia will discharge April figures for imports, fares and exchange adjust later today.

Fares are relied upon to include 2.0 percent year in the wake of increasing 0.2 percent in March. Imports are called level in the wake of dunking 5.5 percent in the earlier month. The exchange surplus is pegged at 8.62 billion ringgit, down from 11.19 billion a month prior.

Hot Stocks Update:

KLSE -LONG

• SGB
• SAUDEE
• HIAPTEK

KLSE-INTRADAY

• TH HEAVY ENG
• AWC
• SGB

TAGS / KEYWORDS:

Stock Investment Tips,Mid Term Stock Picks,Stock Trading Signals,Stock Trading Picks,Stock Advisory,Share Market Recommendations

#DBS emerges as #DeutscheBank’s only ‘buy’ in challenging bank sector

MALAYSIA/SINGAPORE (July 25): Despite signs of improved lending and expectations of stable 2Q16 results among Singapore’s bank sector, Deutsche Bank says challenges could be plentiful if low interest rates persist in 2H16.

Hence, a lack of strong re-rating catalysts makes DBS its only “buy” rated bank at a target price of S$19.80, for its “undemanding valuation and better risk/reward dynamics”.

OCBC and United Overseas Bank (UOB) have been rated at “hold” with target prices of S$9.50 and S$20.00 respectively.



In a Friday report, analysts Franco Lam and Sukrit Khatri say they expect the general sector’s earnings to be flat q-o-q, after a seasonally stronger 1Q.

Overall, they forecast that key trends will include flat-to-down net interest margin (NIM) with loan demand remaining soft; continued flat fee income q-o-q; stable cost-to-income ratio; as well as resilient asset quality and stable credit costs due to limited commodity-related concerns in the quarter.

Lam and Khatri have also predicted the following for Singapore’s banks:

DBS 2Q16 net earnings — around S$1,100 million (-6% q-o-q, -2% y-o-y)

Look out for: Progress in DBS’s partnership with Manulife, asset quality trends including those in China, as well as the oil and gas (O&G), property and SME sectors.

Due to recovery in loan demand in the quarter, the analysts expect DBS NIM to have held in 2Q16. The drop in interbank rates after 1Q16 will only be felt by 2H16, they add, as the bank’s sensitivity to domestic interest rates would likely to have lagged behind domestic peers. Strength in fee income is expected to continue, while growth rate and trading income could have been weaker in the quarter. Also, bad debt provisions are projected to be sequentially higher q-o-q, partially due to RMB depreciation.

OCBC 2Q16 net earnings — around S$870 million (+2% q-o-q, -8% y-o-y)

Still-weak loan demand and lower interbank rates may have led to slightly lower q-o-q margin, with the non-interest income line experiencing continued volatility due to GE contribution. Other fees, especially wealth-management related ones, would have remained under pressure, say the analysts. “Asset quality issues in MY and IDK, and SME book, O&G and the commodity sectors need to be watched,” they add.

UOB 2Q16 net earnings — around S$805 million (+5% q-o-q, +6% y-o-y)

More margin pressure is expected as Deutsche observes that UOB is faster in re-pricing earning assets on changes to interest rates. NIM is projected to have fallen 5bps q-o-q. The analysts expect a better recovery for UOB in 2Q in terms of fees and trading income, after a soft 1Q16 fee income. “Commodity sectors continue to require an intense watch, as they are vulnerable to (UOB’s) asset quality,” add Lam and Khatri, who foresee that credit cost has remained close to the guidance of annualised 32 bps for the year.

As at 11:05 a.m., shares of DBS were trading 0.12% lower at S$16.27; OCBC was down 1% at S$8.89; and UOB was down 0.26% at S$19.

Today Hot Stocks BURSA Malaysia : 

• FGV
• SALCON
• AWC

  These Stocks are Good for contra and intra trading..............So, Hurray Earn More.
 
More Update:Stock Signals Malaysia,Stock Picks,Klse Stock Recommendation,Stock Tips,Stock Trading Tips,Klse Stock Tips......

Ringgit fortifies, KLCI closes higher however bleak day for Ranhill

The ringgit assembled quality to close higher against a few noteworthy coinage on Wednesday while the FBM KLCI's mellow progress was supported by increases in Maybank, Genting Bhd and IHH.

At 5pm, the KLCI was up 2.51 focuses or 0.15% to 1,693.43. Turnover was 1.43 billion shares esteemed at RM1.69bil. There were 380 gainers, 403 failures and 364 counters unaltered.

In Asian exchanging, MSCI's broadest list of Asia-Pacific shares outside Japan edged down 0.1 percent, and Japan's Nikkei took a thump from an underlying ascent in the yen and fell 0.8 percent.

The ringgit solidified against the US dollar, pound sterling and Singapore dollar. It was at 4.1363 to the greenback contrasted and 4.1370 the earlier day, it was at 5.8387 to the pound from 5.8875 and against the Singapore dollar, it was at 2.9971 from 3.0007.

At Bursa Malaysia, Genting Bhd rose 22 sen to RM8.87 and added 1.4 focuses to the KLCI however this was set off by a decrease in Genting Malaysia, which fell 10 sen to RM4.28 and eradicated 1.01 focuses.

Ranhill Holdings had a bleak day in the midst of the blended business sector, shutting close to the day's low on its exchanging debut on the Main Market of Bursa Malaysia. It shut 19 sen lower at RM1.01.

IHH rose 10 sen to RM6.52 and pushed the KLCI up 1.4 focuses and Tenaga increased eight sen to RM13.40. MAHB propelled 13 sen to RM6.44.

Among the banks, Hong Leong Bank rose 18 sen to RM13.20, AFG 17 sen to RM3.96, Maybank nine sen to RM8.82, AmBank two sen to RM4.57 and CIMB one sen to RM4.64 while Public Bank was level at RM18.78.

Oil costs dealt with a skip after information from industry aggregate the American Petroleum Institute (API) demonstrated to US unrefined stockpiles ascended by not as much as half what investigators had expected, Reuters reported. US light unrefined petroleum added 64 pennies to US$36.98 and Brent 49 pennies to US$39.23.

Petronas Gas rose two sen to RM21.72, Petronas Chemicals lost two sen to RM6.75 and Petronas Dagangan four sen to RM24.16. SK Petro added four sen to RM2.12. Petron lost 17 sen to RM5.70.

With respect to purchaser stocks, Carlsberg was the star of the day, including 32 sen to RM13.58 some asset purchasing. Be that as it may, Ducth Lady lost 16 sen to RM50.60 and BAT 10 sen to RM55.04.

Puncak-WB pulled in solid exchanging enthusiasm, surging 19 sen to 64 sen. AirAsia fell one sen to RM1.78 in dynamic exchange with AirAsia X shed 0.5 sen to 30 sen and its warrants one sen lower 16.5 sen.

Unrefined palm oil for third-month conveyance fell RM3 to RM2,607 per ton. KL Kepong fell the most, down 40 sen to RM24.14, PPB Group 14 sen to RM16.64, Sime Darby lost two sen to RM7.89 and IOI Corp was level at RM4.95.

Among the key local markets,

Japan's Nikkei 225 fell 0.83% to 16,974.45;

Hong Kong's Hang Seng Index shed 0.15% to 20,257.70;

Shanghai's Composite Index added 0.21% to 2,870.43;

Taiwan's Taiex was up 1.02% to 8,699.14;

South Korea's Kospi rose 0.25% to 1,974.90 and

Singapore's Straits Times Index progressed 0.17% to 2,844.21.

Spot gold picked up 13 pennies to US$1,232.51.

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Ringgit slides with Mark Mobius calling it underestimated

The ringgit fell for a moment day and Malaysian stocks snapped a three-day pick up as reestablished shortcoming in Brent rough costs underscored the weakness of the oil-sending out country to gyrations in things.

The money drove misfortunes in developing markets as Brent drooped underneath US$40 a barrel, subsequent to ascending through that level a week ago surprisingly since December. Mark Mobius said the ringgit is still 28% underestimated, notwithstanding being one of Asia's top entertainers this year taking after its greatest yearly droop subsequent to 1997. The move lower in crude materials impelled a retreat in creating country offers from 2016's high.

"Declining oil costs and dollar quality are weighing on the ringgit," said Christopher Wong, a Singapore-based senior remote trade investigator at Malayan Banking Bhd. "The fall could be a delay from the late rally and in front of the Federal Reserve meeting."

The ringgit dropped 0.4% to 4.1207 a dollar starting 12:07 p.m. in Kuala Lumpur, trimming the year's increase to 4.2%, as indicated by information from neighborhood banks gathered by Bloomberg. It moved to 4.0765 on March 7, the most grounded since August.

Malaysia is an appealing prospect, Mobius, official executive at Templeton Emerging Markets Group, said in a meeting in Kuala Lumpur on Tuesday. Creating country resources are at a defining moment, he said. While the MSCI Emerging Markets gage of shares dropped on Tuesday, it's bounced back from January's seven-year low.

The ringgit is liable to merge around 4.10-4.15 a dollar throughout the following couple of days, said Malayan Banking's Wong. He predicts the money will exchange at 4.10 before the end of March and 4.25 by June 30. HSBC Holdings Plc changed up its conjectures in a sign experts are less bearish on the ringgit's standpoint. The bank predicts it will end the second quarter at 4.15 as opposed to 4.35 beforehand, and revised the year-end projection to 4.25 from 4.4. The middle appraisal in Bloomberg reviews is for 4.30 and 4.35, individually.

The FTSE Bursa Malaysia KLCI Index declined 0.3% from Monday's most noteworthy close since October. The allot has squeezed a 0.2% addition this year, taking after a 3.9% droop in 2015.

Malaysian government securities fell, with the 10-year yield rising one premise point to 3.94%, information from Bursa Malaysia appear. That is the most noteworthy since Feb 29. On a more positive tone, the expense to protect the country's obligation for a long time utilizing credit-default swaps dropped to a seven-month low of 153 overnight, as indicated by CMA costs.

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