Friday, 6 November 2015
Small-cap stocks having a good run
by nadya ngui
KUALA LUMPUR: The action is in small-cap stocks, which have been enjoying a rally for more than a week.
MIDF Amanah Investment Bank Bhd research head Zulkifli Hamzah said small-cap stocks “is where the action is” with local investors seen pumping more money into the market.
He said this could be due to small-cap stocks having been oversold and investors more comfortable with the share-price levels.
“If you look at the indices, especially the small cap stocks, prices have been rising which is interesting because we are actually in a period of quite intense uncertainty.
“This is because the Fed just made an announcement that they are likely to raise interest rates in December,” Zulkifli said.
He urged investors to focus on the FBM 70 and small cap stocks instead of the FBM KLCI.
Zulkifli said investors should not miss out on these stocks, which had made “serious progress”. “So far, based on the trend of buying and selling, local sentiment is improving,” he added.
Zulkifli said foreign investors had become more positive on the local bourse since the beginning of October, with more incoming funds compared with the Indonesian, Thai and Filipino bourses.
“In the Philippines, money has been going out. There was also a big outflow from Indonesia last week but generally, the ringgit seems to be back in favour and that to me is quite positive,” he noted.
However, despite the “okay” performance of the local bourse, the ringgit remains undervalued and the currency did not reflect fundamentals.
The research house has maintained a 1,850-level target for the benchmark KLCI next year.
| FBM EMAS | ||
| FBM 100 | FBM SMALL CAP (Still finding out) |
|
| FBM KLCI* | FBM 70* | |
| 1015 AMBANK 6399 ASTRO 6888 AXIATA 4162 BAT 1023 CIMB 6947 DIGI 3182 GENTING 4715 GENM 5819 HLBANK 1082 HLFG 5225 IHH 1961 IOICORP 5235SS KLCC 2445 KLK 1155 MAYBANK 6012 MAXIS 3816 MISC 5183 PCHEM 5681 PETDAG 6033 PETGAS 4065 PPB 1295 PBBANK 1066 RHBCAP 5218 SKPETRO 4197 SIME 4863 TM 5347 TENAGA 4588 UMW 5246 WPRTS 4677 YTL |
5185 AFFIN 2488 AFG 5099 AIRASIA 5014 AIRPORT 6556 ANNJOO 5210 ARMADA 8133 BHIC 5258 BIMB 5248 BJAUTO 3395 BJCORP 1562 BJTOTO 2771 BSTEAD 1818 BURSA 5141 DAYANG 7277 DIALOG 1619 DRBHICOM 3417 E&O 8206 ECOWLD 1368 EDGENTA 3689 F&N 5222 FGV 5398 GAMUDA 0078 GDEX 2291 GENP 3037 HAPSENG 5168 HARTA 5138 HSPLANT 5000 HUMEIND 3336 IJM 2216 IJMPLNT 5247 KAREX 7164 KNM 7153 KOSSAN 5878 KPJ 2003 KULIM 3794 LAFMSIA 8583 MAHSING 1171 MBSB 4502 MEDIA 5186 MHB 2194 MMCCORP 1651 MRCB 5202 MSM 0138 MYEG 4707 NESTLE 5053 OSK 5657 PARKSON 7081 PHARMA 8869 PMETAL 4634 POS 7084 QL 5113 RSAWIT 9791 SEG 5250 SEM 8664 SPSETIA 5147 SUNREIT 7106 SUPERMX 4898 TA 5012 TAANN 5158 TAGB 5031 TIMECOM 7113 TOPGLOV 4405 TCHONG 5112 THPLANT 5148 UEMS 5200 UOADEV 5142 WASEONG 9679 WCT 6742 YTLPOWR |
- |
| Providers | Core Funds (Qty) | Non Core Funds (Qty) | ||
| Conventional | Islamic | Conventional | Islamic | |
| Affin Hwang | 3 | - | 1 | 1 |
| AIA | 3 | - | - | 1 |
| AmFunds | 3 | - | 2 | 4 |
| CIMB | 3 | 3 | 2 | 2 |
| Kenanga | 3 | - | - | 1 |
| Manulife | 3 | 3 | - | - |
| RHB | 3 | - | - | - |
| Providers | Initial Fee | Annual Fee | Withdrawal Fee | Remark |
| Affin Hwang | 0.00% | 1.30% - 1.80% | ||
| AIA | 3.00% | 1.50% | ||
| AmFunds | Class D (Equity) - 3.00% Class D (Bond) - 2.00% Class I (all) - 0.00% |
Class D (Equity) - 1.50% Class I (Equity) - 1.25% Class D & I (Bonds) - 1.00% |
AmPRS - Dynamic Sukuk Fund - Class D: Up to 1% | Class D - individuals Class I - through enployer |
| CIMB | Class A - 3.00% Class C - 0.50% Class X - 0.00% |
Class A & X - 1.40% Class C - 1.50% |
Class A & C = individual above 18 Class X - through employer |
|
| Kenanga | 1.50% | 1.55% | ||
| Manulife | 2.00% | Class A- 2.25% Class B - 1.50% |
2nd year:- 3% 3rd year:- 2% 4th year:- 1% 5th year:- 0% |
Class A = contribution made on first 10 years Class B = contribution made after 10th year |
| RHB | Growth
& Mod - 1.00% Conservative - 0.50% |
1.00% - 1.50% | Full / Partial |
