KUALA LUMPUR, April 30 — This is a selection of morning calls by local research houses for the day.
A mild technical rebound could be in the offing for our Malaysian bourse today. This follows a cumulative decline of 31.1-point or 1.9 per cent in the FBM KLCI in the past seven days. Nevertheless, the benchmark index may struggle to rise towards the immediate resistance level of 1,580 for the time being.
If you have been a reader over the past years, we thank you for your support. You may also have noticed on the last two occasions we were bearish for “Sell in May & Go Away” for Year 2010 & 2011 and only it turned out to be true half of the time. What does this mean? Perhaps nothing.
During May 2010, our KLSE was at 1346 and in May 2011 it was 1534. If you recalled that we had US economic recovery back in Mar 2009 and KLSE bottoming @ 880-900 pts, the KLSE retreated slighted before marching away.
The Ministry of Finance has approved RHB Capital ’s proposed merger with OSK Investment Bank. (BMSB)
The news is not a surprise to us as we did not expect any issues to hinder the deal and the negations were progressing smoothly. We gather that a conditional share purchase agreement will be signed hin 1-2 weeks’ time. By then, the details of the deal will be disclosed. The acquisition of OSK will benefit RHB Capital as it will (1) provide a regional platform for its investment banking business, and (2) increase its exposure to retail broking. But the impact on the bottomline hinges on the pricing and the mode of financing. (more…)
I like your combined wealth of 40 yrs experience (Bill + Martin). Together you have both experienced the booms and busts.I like your combined knowledge which complement each other. Bill is a patient trainer, eager to share his knowledge and skills in share picking. Martin is excellent with making a point with his examples and his expertise in IT has…TradersTruthRevealed.ComCarole Soh
Magic screener is a great thing that can save you thousand of hours analysis the company’s balance sheet, definitely will give you the fundamental edge. Combining with Volume Spread Analysis (VSA) will increase your trading edge!Magic ScannerChan Hock CheenJohor
Many thanks ! Year 2012 was quite a good year for me. I made 29% from my money invested in stock and this not including the dividends. Thanks to you [Martin], Bill and your website [traderstruthrevealed.com] and the seminar/courses/talk …CoursesAhmad Sheehan
Martin has helped me understand the investing in stock market & I would recommend him to anyone who is interested to master the stock market investments.About TradersTruthRevealed.comAnonymousKuala Lumpur
what unique at Traderstruthrevealed.com are daily reports and informations,comments on market movements directions which are most needed. these services saves us time from readingall newspaper searching for informations. From the MTM course which I attended I really learn alot from what Im taught. I never feel fear anymore from the Stock I invested in. We are taught to be a decipline trader, have an edge, plan our work, use the tools, and system to define entry and exit point, have knowledge of…Main CourseAnonymousKuala Lumpur
“Trusted info @ your doorstep.”
“I read your books (SuperCharge and Dividends Don’t Lie) recently. Only one sentence could describe your works, the best books i ever read!”BooksMr. Idris
Dear Martin, Your services help me to reinvent my investment portfolio. I bought “Dividend Don’t Lie” am reading it.BooksAnonymous
I am a value investor as I always choose companies with an edge to invest in. Now with magic scanner I don’t need to scroll on Dynaquest …. instead of just sit in front of my pc to search the company I want. I found magic scanner is more up-to-date than Dynaquest. … I am happy with it together with other tools as my edge to pick winning stocks.
Thank Martin for introducing VSA to me since last year. After that I gained much understanding in the market.Magic ScannerJJ OngPenang