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.

TOMYAM SHOPPING LIST

AYAM'S TALKS:

• 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