Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Monday, September 28, 2009

TA cuts major Malaysia stocks to sell

TA Securities has downgraded major Malaysian stocks to "sell" because of higher probability for more significant profit-taking correction ahead.

The downgraded stocks include CIMB, Gamuda, IOI Corp, Sime Darby, Tenaga and TM . The research firm also has a “maintain sell or take profit" call on Kencana Petroleum, SapuraCrest and Kurnia Asia for further correction from recent gains.

TA has recommended "buy on dip" in its daily note for lower liner construction-related stocks such as Sino Huaan, Kinsteel , MRCB, UEM Land, Zelan, and LCL Corp.

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