Sunday, June 17, 2007

Still Consolidating

Malaysia shares likely to consolidate within 1355-1370 range next week as players monitor Wall Street movements while element of caution expected ahead of Malaysia's May inflation data which due out Jun. 20. On Friday, KLCI added +0.3% to close at 1360.65 but off intraday high of 1362.58 in moderate volume as investors sold into strength ahead of weekend. Bargain hunting by funds helped some heavyweights while the oil & gas sector gained from positive newsflow.


  • S&P Keeps MRCB As Strong Buy, Ups Target to MYR3.03 from MY2.50
  • OSK Keeps Buy On Favelle Favco, MYR2.40 Target
  • Buy Jaks Based On Charts, Tgt 85 Sen -TA Sec
  • KPSB Up On Hopes Of Landing MYR2.5B Proj
  • OSK Keeps Buy On Cheetah; Target MYR1.50
  • S&P Keeps Ekovest As Hold, Ups Target To MYR3
  • AIRB A Strong Buy Based On Charts - MIMB
  • MIMB Starts Media Prima With Buy, MYR3.50 Target
  • ECM Keeps Buy On Java; Cuts Target To MYR4.35
  • Binaik Flat Despite 25 Sen/Share Repayment Plan

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