Tuesday, April 10, 2007

KLCI Resistance 1310, CHASE-WA, SUNWAY, FFHB

KLCI +0.4% at year high of 1304.71 in moderately active trade, led by gains in property, technology, plantation stocks; may head up to test 1310 resistance. Although we do not discount bouts of profit-taking to emerge, the market looks poised to move up to test the all-time high of 1332 (1994's peak). Property stocks likely to continue to attract interest tomorrow on talk government to announce further measures to boost property sector.


  • Citigroup Keeps Buy On UEM World, Tgt MYR5
  • VW Reiterates Plans For Proton Talks, No Details On Timing
  • S&P Ups Apollo Food To Buy; Keeps MYR3.80 Target
  • CPO May Hit MYR2,200 On Indonesia Tax Hike Hint
  • MIMB Has Strong Buy On NPC Based On Charts
  • Hwa Tai +13.2%; Stake Buy Plan In China's Yantai
  • Zelan +2% On Undemanding Valuation;Upside Tipped
  • S&P Keeps Pulai At Strong Sell, 92 Sen Target
  • Citi Keeps E&O Ppty As Buy, MYR3.30 Target
  • CIMB Ups MRCB Target By 19% To MYR3.44; Buy

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