Dateline Tuesday January 13, 2009.

DAILY MARKET COMMENTARY.

Monday Markets Closing Prices.

KLCI 923.57 up 4.50 or 0.49%.
DJIA 8,473.97 down 125.21 or 1.46%.
Crude Oil US$37.50.
March FCPO RM1,998.

News.

Palm oil stockholdings in Dec. 2008 down by 10%.

Comment - The sustainability and further recovery of palm oil prices now will depend on the weakening of US dollar against major currencies and strengthening of oil prices as demand and supply of palm oil seem to have stabilize.

MITI want the government to review the electricity tariff for industrial usage due to lower world prices for coal, oil and gas.

Stock Recommendation - Take Profit on TNB Bhd (Est. 2009 EPS 64.6 sen, Net Assets RM5.92, Dividend Yield 3%, PER 1oX) as the latest Industrial Pruduction Index on electricity showed a slumping demand and lower tariff will affect TNB future earnings.