Today’s KLCI Tracker:; (20/05/2010-Thursday)

Overall medium technical readings say positive run is intact and but will ease a bit this week before up again.

- Expect KLCI to climb higher to test 1,350 – 1,370 band again soon.

-Range 1,400 – 1,410 is the next resistance.- 1,300 – 1,305 range is the immediate support; 1,275 – 1,280 is the next.

- Any pullback presents us with buying opportunities.

Momentum tracker for the day:-

Tebrau Teguh- Medium – term positive money flow still intact and will continue.- Stock is consolidating positively in the RM0.55 – RM0.70 range before retesting the RM0.95 – RM1.00 resistance.

It has strong probability of breaking it with RM1.20 – RM1.40 levels eyed.- Current pullback is a buying opportunity.

Company Update :–

-YTL Power International (ADD, maintain)

– Media Prima (BUY, maintain) - Earnings in line.

Flash Note – Kencana Petroleum (BUY, maintain) - No go for Global Offshore* Flash Note – Alam Maritim (BUY, maintain) - Proposed 1 for 2 bonus issue*

Economy :

– World Competitiveness Yearbook 2010

- Malaysia is ranked 10th most competitive nation* Outside Malaysia- U.S. stocks drop on German trading restrictions, foreclosures.

- U.S. consumer prices unexpectedly decreased.

- Australia consumer confidence falls most in 19 months.

- Crude oil extends gains after euro climbs from a four-year low.