[BRIGHT INFO] "Just a Note"

Good day to you.
DJIA rose for the fourth straight day as an upbeat report on sales of previously owned U.S. homes. The number of U.S. homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in nearly eight years (April surged 6.7 percent to 90.3), a sign that sales are finally coming to life after a long and painful slump. After taking a beating for the past two years, real estate investment trusts are regaining popularity with investors looking for bargains and a way to capitalize on an industry rebound.

Crude oil rebounded from the day’s lows, finishing little changed. Gold rose in New York and London as the declining dollar increased the metal’s appeal as an alternative investment. Nickel dropped 0.2 percent to $14,620, and tin eased 1 percent to $14,500.

Stock markets elsewhere in Southeast Asia ended mixed as demand for shares faded along with easing oil prices. The profit taking simply followed the direction of crude oil prices. Indonesia's stock index JCI was nearly unchanged.

Inflation would continue to ebb, particularly in the next two months as the high-base effect of last-year’s fuel price increase to continue to occur. Trade balance held up relatively well, recording a surplus of US$2.07bn in Apr09 vs US$2.06bn in the previous month.

The Indonesian unit of Thai Banpu (BANP.BK) wants to acquire a coal mine in Indonesia to boost production. Indonesia's PT Adaro (ADRO.JK), the country's second-largest coal producer, expects China's demand for overseas coal to stay strong in the second half of this year.

We believe Crude palm oil (CPO) prices are likely to hit RM3.000 per ton later this month on increased demand and less supply of soybean.

Maintain our positive Outlook especially on commodity with Buy on Weakness strategy. SGRO is one of the cheapest stocks on agro sector. “Let’s Back to Metal with Buy on Lower”.

“LOOKING OPPORTUNITY”

[Personal Opinion ]
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DISCLAIMER: This report is issued by [BRIGHT INFO]. Although the contents of this document may represent the opinion of [BRIGHT INFO]. We cannot guarantee its accuracy and completeness.