STOCK PICK - TUES SEPT 12, 2006

KL Composite Index extends fall on Tuesday - down 2.02 points to close at 953.70. However KLCI likely to hold above 950 psychological support. Investors continuing to unload plantations amid falling crude oil prices. Blue chips extend declines, led by Genting. Small caps and penny stocks buck trend on rotational play, with Iris jumping 0.095 to 25 sen, Mobif +0.20 at 66 sen.

Oil prices fell for the seventh straight trading session on Tuesday, dipping below $65 a barrel at a time of year when demand for gasoline traditionally tapers off and winter fuels consumption has yet to ramp up.

For 12/9/2006, KLCI close at 953.70.
Overall, the bias in prices is: Upwards.
Resistance: 966.90.
Support: 950, 942
For Wednesday KLCI is expected to close at 955.

SUGAR (7036)
Best buy around 1.36 – 1.37

For 12/9/2006 the closing price was 1.4100.

Overall, the bias in prices is: Upwards.
By the way, prices are vulnerable to a correction towards 1.12.
The projected upper bound is: 1.63.
The projected lower bound is: 1.22.
STOP LOSS: 1.35

Business Activity
FAST FOOD RESTAURANTS & INVESTMENT HLDG BAKERY CONFECTIONERY FOOD PROCESSING GENERAL TRADING & PROV OF CATERING SRVCS

Recent News:
SUGAR BUN DISPOSES INDUSTRIAL LAND & BUILDING - 15 Aug 2006
SUGAR BUN CORP SELLS GAYANA RESORT BAY - 29 May 2006
SUGAR BUN DISPOSES LOSS-MAKING UNIT - 12 Apr 2006


SUGAR-WA (7036-WA)
Best buy between 0.90 – 0.92

For 12/9/2006 the closing price was 0.9600.

Overall, the bias in prices is: Upwards.
The projected upper bound is: 1.10.
The projected lower bound is: 0.84.
STOP LOSS: 0.88