SIDELINE

KLCI ends +0.1% at 1307.19 in volatile trade, after trading between intraday 1313.27 high and 1298.53 low as profit-taking alternates with light buying. The market is getting more volatile as bulls and bears tussle for control; this is not a healthy sign, index to trade in 1290-1320 range tomorrow; also notes KLCI futures consistently trading at 12-13 point discount to cash market, which suggests market may be on downtrend. Plantation stocks continue to shine for third day on stronger CPO price outlook following supply shortage. As for me, I'm totally out of the market. Just want to get a good sleep during weekend.

TOMYAM SHOPPING LIST
(click to enlarge)

AYAM TALK TODAY

• LBS Bina Charts Point To MYR1 Target - OSK
• Hwang-DBS Ups TH Plant Tgt MYR4.31 vs MYR3.64, Forecasts On JV Deal
• TA Ups Proton To Buy, Keeps MYR7.50 Target
• MIMB Has Strong Buy On Goldis Based On Charts
• GPA Off Despite New Shareholder Talk
• Hedge Funds Bullish On M'sia;L/T Funds Bearish-ML
• Puncak A Strong Buy Based On Charts - MIMB
• S&P Keeps Comintel At Strong Sell, Ups Target
• Asia Pac Land Up On Asset Revaluation Play
• ECM Restarts SunCity At Buy, Targets MYR5.70
• MIMB Has Strong Buy On PPB Group
• Cosway Up As MYR1.20 Offer Imminent
• Citi Cuts Digi To Hold, Ups Tgt To MYR20
• Merrill Restarts TNB At Buy, MYR15.40 Target
• OSK Keeps MRCB At Trading Buy, Ups Tgt
  

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