Monday, July 30, 2007

Follow Through Buying Expected

Malaysia shares end down 0.2% at 1352.41 rebounding from intraday low of 1343.73; market breadth turned positive with gainers leading decliners 549 to 360 after Pak Lah launched RM177 billion farming, manufacturing and commercial project in northwest Malaysia called Northern Corridor Economic Region (NCER). Follow through buying may help lift KLCI to 1370 tomorrow, led by construction, property, banking and oil & gas stocks but caution stale bull selling may weigh on broader market. Investors will be keeping a close eye on the performance of U.S. stocks tonight.


  • Water Infra Stks Gain After Govt Invites Bids
  • Keuro Up On IJM Consolidation Expectations
  • CS Keeps Outperform On Evergreen; MYR2.65 Target
  • CS Keeps Outperform On MEMS; Target MYR1.06
  • CS Keeps Outperform On Muhibbah;Tgt MYR13.70
  • UBS Ups IJM Corp's Target To MYR10.50; Keeps Buy
  • Citi Ups SapuraCrest Target To MYR3.14; Keeps Buy
  • OSK Cuts Telekom Target To MYR11.40;Keeps Neutral
  • Citi Raises Mah Sing Tgt To MYR3.10; Keeps At Buy
  • RB Land May Sell HQ Building

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