Monday, July 16, 2007

Limited Downside but hard to select

Malaysia shares are expected to retest all-time-high of 1391.57 in coming days, downside limited to 1375; after ending down 0.2% at 1381.51 today in moderate volume, off intraday low of 1376.03. Profit-taking (from Friday's 1.4% surge to 1384.72) capped gains, but buying interest at the lower end of the range suggests fundamentals are still intact. Market breadth negative today, with decliners beating gainers 531 to 368.


  • EONCap Denies 51% Stake Sale Report
  • Aseambankers Keeps Rexit At Buy, Tgt MYR3.35
  • Citigroup Keeps Public Bank At Sell; Tgt MYR7.63
  • Nasioncom Up; Delays Suspension On Appeal
  • JPM Keeps Resorts As Overweight, Ups Target
  • Ranhill Slips; Delay In Indon Well Drilling
  • Ramunia Slips; Good Opportunity To Buy-Aseam
  • Boustead A Strong Buy Based On Charts - MIMB

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