1. FBM KLCI gained 10.81p to 1505.33 on Monday. Yesterday, Thai Index was flat (+1.42p), Philippine Index also flat (-5.95p). These are signs that foreign selling almost done.
2. China inflation for was 4.9% in Jan-2011 which is lower than the expectation of 5.4%. This is good news as it shows inflation worry may be overdone.
3. Major news = Petronas made major "discoveries" of oil at Sarawak. This is positive for O&G sector. Stock to watch = SAPCRES, KENCANA and DAYANG.
4. Stocks mentioned in The Edge = AMMB (EPF accumulating) and AXIS REIT (reinvestment plan lauded).
5. My view = positive with 1510 as immediate target. PCHEM should lead the index today.
ONLINE STORE - salvadordali
1 month ago
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