BURSA LIVE SIGNAL ♥️

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BURSA MALAYSIA STATISTICS 14 JANUARY 2025

M+ Market Wrap - 14Jan25

FBM KLCI: 1,576.46 pts (-9.13pts, -0.58%)
The FBMKLCI (-0.58%) extended its selling pressure for the fifth consecutive day, closing lower at 1,576.46 pts as the index was dragged down by key heavyweights, including YTLPOWR (-19.0 sen) and SUNWAY (-24.0 sen). The market breadth remained negative, with 588 losers against 400 winners. In the broader market, 11 out of the 13 sectors ended on a negative note, with the Construction (-2.01%) sector seeing the largest decline, dragged down by SUNCON (-34.0 sen) and IJM (-11.0 sen). Meanwhile, Telecommunications & Media (+1.09%) and Consumer Products & Services (+0.40%) were the two positively performing sectors.

Top 3 Active stocks:
TWL (7079): RM0.030 (unch)
VELOCITY (7165): RM0.080 (unch)
EAH (0154): RM0.005 (unch)

Volume: 3.45 bn (100-bar avg vol: 3.02 bn)
Value: RM2.73 bn (100-bar avg val: RM2.81 bn)
Market Breadth: ⬆️400 ⬇️588
Crude palm oil: RM4,458 (-RM42)
Dow Futures: 42,686 pts (+163 pts)

**Source: Bloomberg, M+**

M+ Market Update – 15Jan25
Focus Returns to Domestic and Stronger Dollar Catalysts

The local bourse continued its sell-off, dragged down by Utilities and Construction heavyweights. While US PPI data came in softer, Wall Street closed mixed ahead of another inflation data release tonight, where we foresee softer data would indicate easing inflationary pressure, in turn boosting the sentiment in both global and local markets. In the commodities market, Brent crude oil retreated due to profit-taking, trading around USD79/barrel, while gold rebounded to USD2,670/ounce after the softer PPI data. CPO prices hovering around RM4,450, closing the gap from the previous day's trading session.

Sector Focus: Despite Brent oil retreated on profit-taking, we believe the recent announcement of Yinson receiving USD1bn in CapEx could lift sentiment in the Energy sector. With the recent announcement from President Biden limiting AI chip exports to Malaysia, which may cap the upside on the Technology sector, we see trading opportunities in the oversold EMS, OSAT, and ATE players, benefiting from the 'stronger for longer' dollar outlook. Besides, we expect buying opportunities to emerge in the Construction sector, as there are still several packages yet to be announced after Gamuda won the Penang LRT contract, while Property players with large landbanks in Johor could benefit from the JSSEZ initiatives.

Stocks to watch:

Technology: *CUSCAPI*, *RAMSSOL*
Utility: *KJTS*, MALAKOF
Construction: *BNASTRA*
Automotive: BETA

Source: M+

M+ Morning Market Buzz - 15Jan25

Dow Jones: 42,518.28 pts (+221.16pts, +0.52%)
⬆️ Resistance: 43600
⬇️ Support: 41100

FBM KLCI: 1,576.46 pts (-9.13pts, -0.58%)
⬆️ Resistance: 1670
⬇️ Support: 1550

HSI Index: 19,219.78 pts (+345.64pts, +1.83%)
⬆️ Resistance: 19900
⬇️ Support: 18300

Crude Palm Oil: RM4,437 (+RM8, +0.18%)
⬆️ Resistance: 4640
⬇️ Support: 4150

Brent Oil: $81.01 (-$0.61, -0.75%)
⬆️ Resistance: 83.40
⬇️ Support: 74.20

Gold: $2,677.46 (-$5.29, -0.20%)
⬆️ Resistance: 2760
⬇️ Support: 2600

Source: Bloomberg, M+

*Corporate news*
 
Yinson Production, an indirect subsidiary of *Yinson Holdings Bhd*, has secured US$1bn(RM4.5bn) worth of funding from a consortium of international investors, led by a wholly owned subsidiary of Abu Dhabi Investment Authority (Adia), for expansion. (The Edge Malaysia)
 
*Bank Islam Malaysia* Bhd has signed a financing agreement worth RM105.2m with Solar Voltech Sdn Bhd, a subsidiary of PDC Premier Holdings Sdn Bhd, for a solar generation project. (The Edge Malaysia)
 
The digital bank jointly owned by *YTL Power International Bhd* and Singapore-based Sea Ltdhas received approval from the Ministry of Finance (MOF) to commence operations, effective 20 Dec 2024. (The Edge Malaysia)
 
Sunway Property, the property arm of *Sunway Group*, announced on Tuesday 14 Jan the appointment of Chung Soo Kiong as its new managing director. (The Edge Malaysia)
 
*Theta Edge Bhd* said its subsidiary’s joint venture (JV) deal with a data-science company to develop artificial intelligence (AI) and blockchain solutions has been terminated. (The Edge Malaysia)
 
*Kawan Food Bhd’s* plan to set up an information technology equipment joint venture (JV) with several individuals, including its founder cum major shareholder, and current chairman, has fallen through. (The Edge Malaysia)
 
Target 1 Sdn Bhd announced that the Securities Commission Malaysia (SC) has given another seven days' extension for the company to deliver the mandatory takeover offer documentation to *South Malaysia Industries Bhd’s*shareholders. (The Edge Malaysia)
 
*AYS Ventures Bhd* said Chiew Ho (L) Foundation has become the steel product manufacturer's largest shareholder after acquiring the entire equity interest in Chiew Ho Holding Sdn Bhd (CHH). (The Edge Malaysia)
 
Hillcove Sdn Bhd, which was the largest shareholder of *Sersol Bhd*, has disposed of its entire 13.7% stake in the chemical manufacturer. (The Edge Malaysia)
 
 
 
*15th Jan 2025*
 
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

15-January-2025

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Previous Trading Day GLOBAL Major Index
前一日全球主要指数
#Index

Previous Trading Day All Sector Performance
前一日交易板块表现

Review and sentiment of the Malaysia Stock Exchange from the previous trading day.
马来西亚股票交易所前一交易日的回顾与情绪观察。
#Sentiment #情绪

#TENAGA Q sell 13.28 💥

https://t.me/alonbursaklci/10400

#K1 S&R

#EVERGRN S&R

#XOX S&R

#PRTASCO S&R

#SET S&R

08-January-2025

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BURSA MALAYSIA STATISTICS 07 JAN 2025

M+ Market Wrap - 7Jan25

FBM KLCI: 1,629.79 pts (+4.32pts, +0.27%)
After losing for three consecutive days, the FBMKLCI (+0.27%) rebounded and closed higher at 1,629.79 pts, driven by buying support into key heavyweights like GAMUDA (+34.0 sen) and SDG (+13.0 sen). However, the market breadth was negative, with 614 losers against 490 winners. In the broader market, the Construction (+3.53%) sector gained the most, as the kickoff of the Penang LRT project drove optimism in construction counters. Meanwhile, the Health Care (-2.09%) sector experienced the largest decline.

Top 3 Active stocks:
VELOCITY (7165): RM0.080 (unch)
GAMUDA (5398): RM5.200 (+34.0 sen)
TOPGLOV (7113): RM1.320 (-4.0 sen)

Volume: 3.91 bn (100-bar avg vol: 3.04 bn)
Value: RM3.30 bn (100-bar avg val: RM2.84 bn)
Market Breadth: ⬆️490 ⬇️614
Crude palm oil: RM4,345 (+RM7)
Dow Futures: 43,015 pts (+33 pts)

**Source: Bloomberg, M+**

M+ Morning Market Buzz - 8Jan25

Dow Jones: 42,528.36 pts (-178.20pts, -0.42%)
⬆️ Resistance: 44000
⬇️ Support: 41400

FBM KLCI: 1,629.79 pts (+4.32pts, +0.27%)
⬆️ Resistance: 1680
⬇️ Support: 1600

HSI Index: 19,447.58 pts (-240.71pts, -1.22%)
⬆️ Resistance: 20400
⬇️ Support: 18900

Crude Palm Oil: RM4,365 (+RM5, +0.11%)
⬆️ Resistance: 4620
⬇️ Support: 4200

Brent Oil: $77.05 (+$0.75, +0.98%)
⬆️ Resistance: 79.10
⬇️ Support: 73.30

Gold: $2,648.59 (+$0.87, +0.03%)
⬆️ Resistance: 2720
⬇️ Support: 2570

Source: Bloomberg, M+

M+ Market update – 8Jan25
ITMAX Securing Penang Contract

The local front rebounded after its 3-day losing streak, with strong buying interest seen across the Construction sector led by GAMUDA. In the US, all the 3 major indices closed lower, as ISM services data showed an acceleration, raising concerns about persistent inflation and reducing expectations for rate cuts in 2025 (from 2 rate cuts to 1). In terms of key economic data, traders will also keep track on the (i) Eurozone PPI, (ii) China CPI and (iii) US jobs report this week. In the commodities market, Brent crude oil continued its upward momentum and closed above the USD77, while the gold price traded flat around the USD2,650. Meanwhile, the CPO prices showed marginal gains but still trading below the RM4,400 mark.

Sector Focus: With ITMAX securing an RM11.8m CCTV contract from the Penang City Council, we believe trading opportunities will persist in ITMAX; Penang is also ITMAX’s third local council customer, besides Johor and KL. Meanwhile, we are also bullish on e-invoicing-related counters, as taxpayers with an annual turnover or revenue of more than RM25m to RM100m will have to subscribe to e-invoice service starting 1st January 2025. Lastly, with the formalisation of the Johor-Singapore Special Economic Zone, we are optimistic towards the Johor-related counters.

Stocks to watch:

Technology: *ATECH*, CABNET, *JFTECH*, RAMSSOL, *SMRT *
Utility: *JTGROUP*, *KJTS*
O&G: ARMADA
Construction: SSB8

Source: M+

*JSSEZ - 1+1 > 2: Harnessing the Multiplier Effect*
https://mplusonline.com/research-report/detail/661

• We believe the Johor-Singapore Special Economic Zone (JSSEZ) will generate strong synergies moving forward. Furthermore, it will enhance the region's competitiveness within ASEAN, potentially attracting increased foreign direct investments.
• Drawing inspiration from successful models such as Shenzhen and Suzhou, we believe the JSSEZ will follow a similar concept, creating a wide range of opportunities within various investment themes. In our view, it will drive growth in the Construction, Property, Utilities, Building Materials, and Technology sectors

Stocks that could benefit under these sectors:-
Construction: GAMUDA, IJM, SUNCON, BNASTRA, SSB8
Property: SUNWAY, ECOWLD, AME, UEMS
Utilities: GASMSIA, RANHILL, PEKAT, YTLPOWR, SCGBHD, MNHLDG, SLVEST
High growth, high value segments: PCHEM, DIALOG, ITMAX, CLOUDPT, SMRT, VSTECS

_*Source: Bloomberg, M+ Online*_

*Corporate news*

KWAP, and its affiliates have disposed of 119.3m shares, or a 7.2% stake in *Malaysia Airports Holdings Bhd* (MAHB), pursuant to the takeover offer by Gateway Development Alliance Sdn Bhd (GDA). According to MAHB’s filing with Bursa Malaysia, the shares were disposed of on 6 Jan, at RM11 apiece. (The Edge Malaysia)

*ITMAX System Bhd* said on Tuesday 7 Jan that it has secured a second contract worth RM11.8m from the Penang Island City Council, to deliver video surveillance services. (The Edge Malaysia)

*Infomina Bhd* has secured a three-year contract worth RM22.4m from the Road Transport Department to provide maintenance and support for the Automated Awareness Safety System. (The Edge Malaysia)

*UUE Holdings Bhd*, via its wholly owned subsidiary Kum Fatt Engineering Sdn Bhd, has secured contract extensions and renewals worth a total of about RM36.5m from Komasi Engineering Sdn Bhd. The contracts cover underground cable installation and commissioning works within *Tenaga Nasional Bhd*’s distribution network. (The Edge Malaysia)

*Nestcon Bhd*’s wholly owned subsidiary Nestcon Infra Sdn Bhd (NISB) has secured a RM25.0m contract for earthworks and erosion control in Johor’s Senai Airport City. (The Edge Malaysia)

Agribusiness firm *FGV Holdings Bhd* has signed an agreement with the Malaysian Palm Oil Board (MPOB), to increase awareness and provide comprehensive support to independent smallholders in meeting global sustainability standards and regulations. (The Edge Malaysia)

*Swift Haulage Bhd* has announced plans to expand into cold chain logistics to diversify its revenue streams through a JV investment. The company signed a JV agreement with its major shareholder, Singapore-based JWD Asia Holding Pte Ltd (JAH), to establish Swift Cold Chain Sdn Bhd, which will operate and manage a temperature-controlled warehouse and transport business. (The Edge Malaysia)

*Cypark Resources Bhd* said on Tuesday 7 Jan that it has achieved the commercial operation date (COD) for one of its two 60MW floating solar plants at Danau Tok Uban (DTU), Kelantan. In a statement, Cypark said that the water body, dubbed DTU2, with a generation capacity of 30MW, has been confirmed by the single buyer, which is Tenaga Nasional Bhd, as ready for commercial operations. (The Edge Malaysia)

National oil and gas company *Petronas*, said on Tuesday 7 Jan it is embarking on a study to explore untapped resources in the Malay Basin off the coast of Peninsular Malaysia. (The Edge Malaysia)

*EA Technique (M) Bhd* said on Tuesday 7 Jan that it will get an undisclosed payoff as part of an amicable settlement with national oil-and-gas company Petronas over the lease of a floating storage unit vessel. (The Edge Malaysia)

*KUB Malaysia Bhd* is acquiring a building materials company from *CI Holdings Bhd* in a related party transaction deal for RM20m cash, as part of the group's strategy to broaden its revenue base. (The Edge Malaysia)

Target 1 Sdn Bhd — one of the parties seeking to take *South Malaysia Industries Bhd* private said on Tuesday that the Securities Commission Malaysia (SC) has approved a further extension for the despatch of its offer document to SMI shareholders. The extension allows Target 1, and the parties acting in concert, to deliver the mandatory takeover offer documentation by 14 Jan, an extension by seven days from the deadline of 7 Jan previously. (The Edge Malaysia)

Directors of *MN Holdings Bhd* trim their stake as the share price has surged to a record high recently. The company’s MD Datuk Toh Eng Keat, plus two executive directors Datuk Loy Siong Hay and Datuk Dang Siong Diang, have collectively sold 18m shares, equivalent to a 3.7% stake, to institutional funds via a direct business deal, according to the company’s bourse filing. (The Edge Malaysia)


*8th Jan 2025*

Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change.

Review and sentiment of the Malaysia Stock Exchange from the previous trading day.
马来西亚股票交易所前一交易日的回顾与情绪观察。
#Sentiment #情绪

D&O S&R
#DO

#PESONA S&R

#NATGATE S&R

2025 New Year Market Holiday Schedule / 2025年新年假期市场休市

LATEST BURSA STOCK CHANGE OF NAME 2024
👉 2023
#BAHVEST #AUMAS
#PertukaranNama #CHANGENAME #换名

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Previous Trading Day GLOBAL Major Index
前一日全球主要指数
#Index

Previous Trading Day All Sector Performance
前一日交易板块表现

#SENDAI S&R

#ECA S&R

#JCY S&R

#SBH S&R

#HM S&R

BURSA MALAYSIA STATISTICS 27 DEC 2024

M+ Market Wrap - 27Dec24

FBM KLCI: 1,628.14 pts (+14.44pts, +0.89%)
The FBMKLCI (+0.89%) continued its upward momentum for the 4th consecutive day, closing higher at 1628.14 pts, mainly driven by key heavyweights including TENAGA (+56.0 sen) and CIMB (+11.0 sen). TENAGA share price experienced a huge gap up of 24 ticks this morning following its proposed electricity tariff hike in 2H2025 onwards. The market breadth was also positive, with 617 winners against 420 losers. In the broader market, all the sectors closed on a bullish tone, except Consumer Products & Services (-0.09%) and Transportation & Logistics (-0.09%) which both experienced a marginal decline.

Top 3 Active stocks:
TWL (7079): RM0.025 (unch)
VANZO (0333): RM0.200 (-0.5 sen)
MYEG (0138): RM0.965 (+1.5 sen)

Volume: 2.87 bn (100-bar avg vol: 3.10 bn)
Value: RM2.08 bn (100-bar avg val: RM2.91 bn)
Market Breadth: ⬆️617 ⬇️420
Crude palm oil: RM4,620 (+RM77)
Dow Futures: 43,569 pts (-133 pts)

**Source: Bloomberg, M+**

M+ Morning Market Buzz - 30Dec24

Dow Jones: 42,992.21 pts (-333.59pts, -0.77%)
⬆️ Resistance: 44300
⬇️ Support: 41700

FBM KLCI: 1,628.14 pts (+14.44pts, +0.89%)
⬆️ Resistance: 1670
⬇️ Support: 1570

HSI Index: 20,090.46 pts (-7.83pts, -0.04%)
⬆️ Resistance: 20600
⬇️ Support: 19400

Crude Palm Oil: RM4,624 (+RM81, +1.78%)
⬆️ Resistance: 4730
⬇️ Support: 4340

Brent Oil: $74.17 (+$0.91, +1.24%)
⬆️ Resistance: 75.80
⬇️ Support: 70.60

Gold: $2,621.40 (-$12.18, -0.46%)
⬆️ Resistance: 2700
⬇️ Support: 2560

Source: Bloomberg, M+

M+ Market update – 30Dec24
Positive Closing Amid Window Dressing Activities

The local front gained momentum, buoyed by buying support in Utilities heavyweights like Tenaga Nasional after the tariff hike proposition for 2H25 onwards and year-end window dressing activities. Meanwhile, in the U.S., Technology heavyweights weighed down sentiment on Wall Street in the final stretch of the year. This week, traders will keep track of the key economic data like the US Unemployment Claims and the ISM Manufacturing PMI. In the commodities market, Brent crude oil traded within a tight range of USD73 per barrel, while gold fluctuated between USD2,610- $2,640, both remained negative biased. However, CPO prices rebounded strongly, closing above the 4,600 mark.

Sector Focus: While the local front is set to open lower, tracking the weaker tone of the overnight US market, we see trading opportunities arising in solar-related counters after TNB was shortlisted to develop a 500MW solar plant in Kedah under the LSS5 programme. Meanwhile, we maintain a positive outlook on export-oriented sectors like Technology and Gloves, which are likely to benefit from an elevated USD environment. For a more conservative play, we believe Healthcare and Consumer Products and Services will provide stability amid year-end fluctuations, as the window dressing activities may persist.

Stocks to watch:
Technology: *EG*,JCY, *MYEG*, *SMRT*
Construction: GDB, *INTA*, *SUNCON*
O&G: *KEYFIRLED*
Building Material: MNHLDG

Source: M+

*1Q25 Market Chat: Riding The Data Center Flywheel*
https://mplusonline.com/research-report/detail/650

• Donald Trump “ELITES” assembles could be a wild card for the US economic outlook. However, we expect persistent tariffs, imposing on China, corporate tax cuts, and reduced government spending going forward.
• Dollar index will be elevated at least for the near term, which will benefit export-driven sectors like Technology and Gloves in Malaysia.
• Moreover, we expect the data center and AI theme will continue as the investments from MNCs has just started in 2023-2024, and will book earnings going into 2025 onwards. Thus, we favour stocks in the Construction, Building Materials, Property, Utilities.
• Besides, we like selected O&G, Finance and Renewable Energy stocks, the latter will be riding on the NETR blueprint and electric tariff hike by the TNB recently.

1Q25 Stock picks

1. CLOUDPT (S: RM0.840-0.895, R: RM1.04-1.10, CL: RM0.820)
2. EG (S: RM2.24-2.36, R: RM2.90-3.0, CL: RM2.20)
3. KGB (S: RM3.45-3.62, R: RM4.0-4.20, CL: RM3.39)
4. NATGATE (S: RM2.40-2.52, R: RM2.90-3.0, CL: RM2.36)
5. VITROX (S: RM3.67-3.87, R: RM4.62-4.80, CL: RM3.61)
6. MNHLDG (S: RM1.05-1.11, R: RM1.40-1.50, CL: RM1.03)
7. SCGBHD (S: RM1.03-1.10, R: RM1.40-1.46, CL: RM1.01)
8. SMRT (S: RM1.18-1.25, R: RM1.50-1.60, CL: RM1.16)
9. SSB8 (S: RM0.560-0.590, R: RM0.720-0.750, CL: RM0.550)
10. SENDAI (S: RM0.530-0.570, R: RM0.780-0.850, CL: RM0.520)
11. OSK (S: RM1.65-1.72, R: RM2.0-2.10, CL: RM1.62)
12. HARTA (S: RM3.65-3.70, R: RM4.53-4.78, CL: RM3.59)
13. ARMADA (S: RM0.600-0.630, R: RM0.800-0.830, CL: RM0.590)
14. PEKAT (S: RM0.900-0.950, R: RM1.10-1.15, CL: RM0.880)

_S: Support, R: Resistance, CL: Cut loss_

_*Source: Bloomberg, M+ Online*_

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Previous Trading Day GLOBAL Major Index
前一日全球主要指数
#Index

Previous Trading Day All Sector Performance
前一日交易板块表现

#VANZO S&R

#KENERGY S&R

#BAUTO S&R

#DCHCARE S&R

#SORENTO S&R

#MICROLN S&R

#PESONA S&R

25-December-2024

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BURSA MALAYSIA STATISTICS 24 DECEMBER 2024

M+ Market update – 26Dec24
Export Stocks To Pick Up Amid Elevated USD

The local bourse traded higher, surpassing the 1,600 level, as buying interest was observed across blue-chip stocks during the window-dressing period. In the US, Wall Street continued its upward trend on Christmas Eve, led by tech stocks, including a 7.4% surge in TESLA and gains of more than 1% in both AMAZON and META. Meanwhile, traders will keep an eye on key economic data, such as initial jobless claims later today and crude oil inventories on Friday. In the commodities market, Brent crude oil ended higher, closing above the USD73 level. Gold prices steadied around USD2,610-2,620, while CPO prices finally rebounded above the RM4,500 mark.

Sector Focus: With the slight rebound in crude oil prices, traders may focus on O&G-related counters ahead of the US crude oil inventories data release this Friday. Additionally, as the government has removed the 85% demand cap under the self-consumption (SelCo) program and allowed solar installations on land and water starting January 2025, traders can look for opportunities in solar-related companies. We remain optimistic about the data center value chain industries within the Construction, Building Materials, Technology, and Utilities sectors. Furthermore, the market is likely to favour Technology stocks amid the weakening ringgit bias.

Stocks to watch:

Technology: *CORAZA*, FRONTKN, *JCY*, *NOTION*
Building Material: MINOX, MTEC, SCGBHD
Construction: *PRTASCO*, WCT
Logistics: *WPRTS*
Utility: *RANHILL*
Finance: TAKAFUL

Source: M+

M+ Morning Market Buzz - 26Dec24

Dow Jones: 43,297.03 pts (+390.08pts, +0.91%)
⬆️ Resistance: 44200
⬇️ Support: 41400

FBM KLCI: 1,602.99 pts (+6.79pts, +0.43%)
⬆️ Resistance: 1640
⬇️ Support: 1560

HSI Index: 20,098.29 pts (+215.16pts, +1.08%)
⬆️ Resistance: 20600
⬇️ Support: 19200

Crude Palm Oil: RM4,558 (+RM16, +0.35%)
⬆️ Resistance: 4670
⬇️ Support: 4270

Brent Oil: $73.58 (+$0.95, +1.31%)
⬆️ Resistance: 75.40
⬇️ Support: 70.60

Gold: $2,616.87 (+$4.31, +0.17%)
⬆️ Resistance: 2690
⬇️ Support: 2540

Source: Bloomberg, M+

M+ Market Wrap - 24Dec24

FBM KLCI: 1,602.99 pts (+6.79pts, +0.43%)
In tandem with the regional market performance, the FBMKLCI (+0.43%) extended its gains and closed higher at 1602.99 pts, driven by key heavyweights such as YTLPOWR (+8.0 sen) and PBBANK (+3.0 sen). The market breadth was also positive, with 500 winners against 427 losers. Bursa Malaysia will undergo a market closure tomorrow due to Christmas holiday. In the broader market, the Energy (+0.83%) sector ended the day as the best-performing sector, led by YINSON (+13.0 sen) and DAYANG (+5.0 sen). On the contrary, both the Construction (-0.34%) and Transportation & Logistic (-0.34%) sectors experienced the largest decline.

Top 3 Active stocks:
GENETEC (0104): RM1.300 (+6.0 sen)
WINSTAR (0336): RM0.640 (+3.5 sen)
VANZO (0333): RM0.180 (+1.5 sen)

Volume: 2.01 bn (100-bar avg vol: 3.20 bn)
Value: RM1.54 bn (100-bar avg val: RM2.99 bn)
Market Breadth: ⬆️500 ⬇️427
Crude palm oil: RM4,527 (-RM15)
Dow Futures: 43,307 pts (-12 pts)

**Source: Bloomberg, M+**

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Previous Trading Day GLOBAL Major Index
前一日全球主要指数
#Index

Previous Trading Day All Sector Performance
前一日交易板块表现

Malaysia Stock Exchange Previous Day Market Review and Sentiment Observation
马来西亚交易所前一日市场回顾与情绪观察
#Sentiment #情绪

#TOPVISN S&R

#CARLORINO S&R

#VANZO S&R

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GLOBAL Major Index
全球主要指数

Daily All Sector Performance
所有板块表现

Daily Bursa Malaysia Market Watch & Market Sentiment
每日马来西亚交易所市场观察和市场情绪

#JCY S&R

#CORAZA Weekly Chart Double Bottom Pattern soon?

#GENETEC Latest S&R

#CORAZA S&R

#GTRONIC S&R (FIFO)

#FEYTECH S&R

#LWSABAH S&R

#AZAMJAYA S&R

#APB S&R (FIFO)

#GENETEC S&R

27-November-2024

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BURSA MALAYSIA STATISTICS 26 NOVEMBER 2024

M+ Morning Market Buzz - 27Nov24

Dow Jones: 44,860.31 pts (+123.74pts, +0.28%)
⬆️ Resistance: 45900
⬇️ Support: 42300

FBM KLCI: 1,603.15 pts (+5.70pts, +0.36%)
⬆️ Resistance: 1650
⬇️ Support: 1560

HSI Index: 19,159.20 pts (+8.21pts, +0.04%)
⬆️ Resistance: 20200
⬇️ Support: 18700

Crude Palm Oil: RM4,735 (+RM10, +0.21%)
⬆️ Resistance: 5080
⬇️ Support: 4540

Brent Oil: $72.81 (-$0.20, -0.27%)
⬆️ Resistance: 77.00
⬇️ Support: 70.70

Gold: $2,633.15 (-$1.78, -0.07%)
⬆️ Resistance: 2780
⬇️ Support: 2560

Source: Bloomberg, M+

#TENAGA Top Divergence⚠️

#GFM S&R

21-November-2024

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BURSA MALAYSIA STATISTICS 20 NOVEMBER 2024

M+ Market update – 21Nov24
Focusing On Earnings And Window Dressing

The FBMKLCI failed to hold above the 1,600 mark for the second consecutive day, closing lower at 1,598.18, weighed down by banking heavyweights. In the US, Wall Street ended on a muted note, and US futures remained flat following NVIDIA’s earnings announcement as the revenue forecast fell short of expectations, suggesting that its rapid growth may be nearing its limits. Meanwhile, traders will continue to monitor several key events like the (i) US existing home sales, (ii) initial jobless claims, and (iii) Eurozone consumer confidence index. In the commodities market, Brent crude oil traded along USD73. Gold prices surged past the USD2,600 mark, while CPO prices retreated further below the RM4,800 psychological level.

Sector Focus: As the year-end holiday season approaches, we remain bullish on the tourism and aviation industries, supported by the momentum in AAX and CAPITALA. The escalation of the Ukraine-Russia conflict may create opportunities in gold-related stocks, while a stronger USD, coupled with potential tariffs from the Trump administration, continues to favour export-oriented sectors such as Technology and Gloves. Additionally, we are optimistic about the Construction, Property, and Building Materials sectors, which may experience earnings momentum growth driven by data center investments earlier this year.

Stocks to watch:

Technology: *CLOUDPT*, HTPADU, *INFOTEC*, KGB, *NOTION*
Construction: *GAMUDA*, INTA
O&G: *ARMADA*
Finance: RCECAP
Building Material: SCGBHD
Aviation: CAPITALA

Source: M+

M+ Morning Market Buzz - 21Nov24

Dow Jones: 43,408.47 pts (+139.53pts, +0.32%)
⬆️ Resistance: 45000
⬇️ Support: 42100

FBM KLCI: 1,598.18 pts (-4.16pts, -0.26%)
⬆️ Resistance: 1650
⬇️ Support: 1560

HSI Index: 19,705.01 pts (+41.34pts, +0.21%)
⬆️ Resistance: 20300
⬇️ Support: 19000

Crude Palm Oil: RM4,815 (-RM60, -1.25%)
⬆️ Resistance: 5200
⬇️ Support: 4710

Brent Oil: $72.81 (-$0.50, -0.68%)
⬆️ Resistance: 75.50
⬇️ Support: 69.30

Gold: $2,650.60 (-$0.95, -0.04%)
⬆️ Resistance: 2710
⬇️ Support: 2490

Source: Bloomberg, M+

M+ Market Wrap - 20Nov24

FBM KLCI: 1,598.18 pts (-4.16pts, -0.26%)
Failing to hold above the 1600 psychological support level, the FBMKLCI (-0.26%) extended yesterday’s losses to close at 1598.18, dragged down by key heavyweights like MAYBANK (-12.0 sen) and TENAGA (-12.0 sen). Sentiment in the region was subdued after the escalation in the Ukraine-Russia conflict, and investors will be focusing on NVIDIA’s upcoming earnings. The market breadth was also negative, with 546 losers against 457 winners. In the broader market, the Construction (+0.92%) sector gained the most, led by GAMUDA (+19.0 sen) and IJM (+4.0 sen), while Utilities (-0.65%) saw the largest decline.

Top 3 Active stocks:
CEB (5311): RM0.360 (-2.5 sen)
EAH (0154): RM0.005 (unch)
PERMAJU (7080): RM0.040 (unch)

Volume: 2.72 bn (100-bar avg vol: 3.62 bn)
Value: RM2.44 bn (100-bar avg val: RM3.15 bn)
Market Breadth: ⬆️457 ⬇️546
Crude palm oil: RM4,852 (-RM72)
Dow Futures: 43,501 pts (+101 pts)

**Source: Bloomberg, M+**

*Corporate news*

*Velesto Energy Bhd* said it is exploring the implementation of robotics and mechanised automation process for its drilling rig operations. The jack-up rig operator has inked a MOU with *Petronas* through the Malaysia Petroleum, Management (MPM) and the National Oilwell Varco LP (NOV) for the implementation. (The Edge Malaysia)

Shares of *Seven & i Holdings Co* gained as much as 11% after Japanese broadcaster NHK reported the founding family of the retail giant is looking to complete a deal to take the company private by the end of its fiscal year in February. A special-purpose company established by the founding family and other parties is working on a plan to conduct a takeover bid for the entire firm, and is looking to raise more than ¥8tn (US$51.7bn or RM230.9bn) from megabanks and US financial institutions, according to the report, citing people familiar with the matter. (The Edge Malaysia)

*SD Guthrie Bhd*, formerly known as Sime Darby Plantation Bhd, reported a 36.75% drop in net profit for the third quarter on Wednesday due to the absence of a gain on land disposal, despite higher CPO prices. (The Edge Malaysia)

*Hap Seng Plantations Holdings Bhd* logged its highest quarterly net profit in nearly three years boosted by strong palm oil prices and lower operating expenses but flagged rising costs ahead. (The Edge Malaysia)

*Petronas Chemicals Group Bhd* sank into the red on Wednesday for the first time ever since its listing more than a decade ago on paper losses in the third quarter. (The Edge Malaysia)

*Sapura Energy Bhd* has secured a contract to provide pan-Malaysia services from Petronas Carigali Sdn Bhd. The contract involves offshore maintenance, construction, and modification (MCM) as well as hook-up and commissioning (HUC) services for Package C2 for the Sarawak asset (SKA Oil), according to Sapura Energy's bourse filing on Wednesday. (The Edge Malaysia)

*Capital A Bhd*’s indirect wholly-owned subsidiary, Asia Aviation Capital Limited (AACL), has entered into a lease renewal and amendment agreement with *AirAsia X Bhd*. (The Edge Malaysia)

Property developer *Eastern & Oriental Bhd* has unveiled its masterplan for its Andaman Island development project, with a GDV of RM60bn. (The Edge Malaysia)

*IFCA MSC Bhd* said it is targeting RM440m in new sales over the next three years mainly through new customers arising from its property management system solutions, optimising pricing and growing its distributors programme. (The Edge Malaysia)

*Reservoir Link Energy Bhd* said one of its subsidiaries has been appointed as a panel contractor for integrated well continuity services by national oil-and-gas company Petronas. (The Edge Malaysia)

*Bright Packaging Industry Bhd* has seen a change in largest shareholder after businessman Datuk Ricky Wong Shee Kai sold a 17.8% stake to non-independent director Lye Jun Fei. (The Edge Malaysia)


*21st Nov 2024*

Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

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15-November-2024

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M+ Market Wrap - 14Nov24

FBM KLCI: 1,600.68 pts (-10.82pts, -0.67%)
The FBMKLCI (-0.67%) saw a pullback, as the index was dragged down by selling pressure in Industrial Products & Services heavyweights, notably PMETAL (-19.0 sen). The decline was due to China’s latest fiscal measures falling short of market expectations, which pressured aluminum prices lower. Market breadth was negative, with 586 losers compared to 419 gainers. However, buying interest was noticed in Energy (+0.70%) after DAYANG (+9.0 sen) won two more contracts to provide pan-Malaysia services to Petronas and its production sharing contractors, while Construction (-0.87%) declined the most.

Top 3 Active stocks:
CEB (5311): RM0.380 (+0.5 sen)
LWSABAH (5328): RM0.880 (-6.0 sen)
CLASSITA (7154): RM0.065 (+2.0 sen)

Volume: 3.15 bn (100-bar avg vol: 3.69 bn)
Value: RM2.69 bn (100-bar avg val: RM3.20 bn)
Market Breadth: ⬆️419 ⬇️586
Crude palm oil: RM4,949 (-RM38)
Dow Futures: 44,153 pts (+45 pts)

**Source: Bloomberg, M+**

M+ Market update – 15Nov24
Revisiting The Technology and Glove Sectors

The FBMKLCI retreated as gains in the Energy sector were offset by losses in Industrial Products & Services; the latter declined due to China’s latest fiscal measures, which fell short of market expectations and pressured aluminium prices lower. Meanwhile, the US Producer Price Index (PPI) met expectations, with both PPI and Core PPI posting a monthly increase of 0.2%-0.3%. Consequently, Wall Street closed in negative territory, with the Nasdaq experiencing the largest decline. Today, traders will closely watch (i) Retail Sales and (ii) Q3 2024 Malaysia GDP data. In the commodities market, Brent crude oil hovered around USD72, weighed down by OPEC+ demand forecasts. Gold prices retreated further to USD2,566 as the dollar gained strength, while CPO prices traded below the RM5,000 psychological level, with a slowdown in exports impacting vegetable oil prices.

Sector Focus: In light of a strong dollar environment and expectations of a slower rate-cut cycle, we believe investors may revisit the Technology and Glove sectors. Also, the breakout in KGB due to strong earnings and positive prospects offers upside potential for AI-driven stocks. Selected stocks in the Construction, Property, and Building Materials sectors are also expected to report stronger earnings, supported by ongoing data center investments.

Stocks to watch:

Technology: *EG*, *FRONTKN*, ITMAX, NOTION, VS, VSTECS
Construction: *INTA*, SUNCON
Consumer: *FFB*
O&G: *KEYFIELD*
Building Material: SCGBHD

Source: M+

M+ Morning Market Buzz - 15Nov24

Dow Jones: 43,750.86 pts (-207.33pts, -0.47%)
⬆️ Resistance: 45400
⬇️ Support: 42900

FBM KLCI: 1,600.68 pts (-10.82pts, -0.67%)
⬆️ Resistance: 1670
⬇️ Support: 1570

HSI Index: 19,435.81 pts (-387.64pts, -1.96%)
⬆️ Resistance: 21800
⬇️ Support: 19100

Crude Palm Oil: RM4,964 (-RM20, -0.40%)
⬆️ Resistance: 5310
⬇️ Support: 4730

Brent Oil: $72.56 (+$0.28, +0.39%)
⬆️ Resistance: 77.20
⬇️ Support: 69.40

Gold: $2,564.85 (+$1.61, +0.06%)
⬆️ Resistance: 2770
⬇️ Support: 2490

Source: Bloomberg, M+

*Corporate news*

*Wasco Bhd*, an integrated energy group, has secured its first sustainability-linked loan of US$25m (RM112m). (The Edge Malaysia)

*YTL Power International Bhd*'s 53.2%-owned subsidiary *Ranhill Utilities Bhd* has scrapped plans to jointly pursue a public-private partnership project with China Energy International Group Co Ltd (CEIG) for the proposed development of a regional drinking water supply facility project in Indonesia. This follows the expiry of a MOU on 29 Oct. (The Edge Malaysia)

*Yinson Renewables* has completed the acquisition of the 97 megawatt peak (MWp) Matarani solar project in Peru from Grenergy Renewables — an international independent power producer, developer, and engineering, procurement, and construction company with a strong track record in Latin America. (The Edge Malaysia)

*Petronas* has made new investments totalling RM7.5bn at the Pengerang Integrated Complex (PIC) near Kota Tinggi. (The Edge Malaysia)

*LBS Bina Group Bhd* said it is looking into developing a 10-gigawatt (GW) green hydrogen plant in Kota Marudu, Sabah jointly with the Sabah Forestry Development Authority (Safoda) and two other companies. (The Edge Malaysia)

*Bumi Armada Bhd* is exploring a merger with *MISC Bhd*’s offshore business that could create a global energy services powerhouse with combined assets worth over RM20bn. (The Edge Malaysia)

*Berjaya Food Bhd* on Thursday 14 Nov posted its fourth consecutive quarter in the red as the anti-Israel boycott movement continued to affect the group, which operates the Starbucks coffee chain in Malaysia. The group posted a net loss of RM33.7m for 1QFY2025, versus a net profit of RM19m a year earlier, which it blamed on "prolonged impact from the ongoing sentiment in relation to the Middle East conflict". (The Edge Malaysia)

Electrical and mechanical engineering firm *LFE Corp Bhd* has secured a subcontract worth RM19m to undertake electrical system installation works from GDP Architects Sdn Bhd. (The Edge Malaysia)

Gold miner *Niche Capital Emas Holdings Bhd* has commenced gold mining operations at the Sokor North Gold Mine in Kelantan, with the successful commissioning of its heap leaching plant there. (The Edge Malaysia)

ACE Market-listed *Farm Price Holdings Bhd*, a Johor-based wholesaler and distributor of fresh vegetables, F&B products, is expanding its distribution reach to Sabah. It is taking up a 55% stake in Kota Kinabalu-based Fresh Story Sdn Bhd, which is involved in the export and import of fresh and preserved vegetables and fruits, and the wholesale and retail of vegetables and fruits and related goods, according to Farm Price's bourse filing on Thursday. (The Edge Malaysia)

Property developer *Seal Incorporated Bhd* is seeking its shareholders' approval at an EGM to be convened to provide corporate guarantee to a RM293m banking facility that its 20%-owned associate MSR Green Energy Sdn Bhd (MSRGE) is obtaining from a licensed financial institution based in Malaysia. (The Edge Malaysia)


*15th Nov 2024*

Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

#3REN S&R

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#VTC S&R

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https://www.thestar.com.my/business/business-news/2024/11/11/tcs-group-addresses-stop-work-order-at-j-satine-site

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M+ Market Wrap - 8Nov24

FBM KLCI: 1,621.24 pts (-2.04pts, -0.13%)
While the interest rate spread between the US and Malaysia reduced, easing the pressure on the ringgit, the FBMKLCI (-0.13%) closed on a negative note as selected Banking heavyweights, namely MAYBANK (-8.0 sen) and PBBANK (-1.0 sen), contributed to the weaker sentiment on the local bourse. The market breadth was negative, with 653 losers compared to 338 gainers. Despite Brent crude oil retreated to USD74 per barrel, the Energy sector (+0.74%) gained the most, led by DIALOG (+12.0 sen) and ARMADA (+1.0 sen). On the other hand, the Technology sector (-2.07%) failed to sustain momentum after PENTA's softer results.

Top 3 Active stocks:
3REN (0328): RM0.450 (-1.0 sen)
MICROLN (0126): RM0.150 (+1.0 sen)
GENETEC (0104): RM0.860 (-6.5 sen)

Volume: 2.70 bn (100-bar avg vol: 3.79 bn)
Value: RM1.86 bn (100-bar avg val: RM3.29 bn)
Market Breadth: ⬆️338 ⬇️653
Crude palm oil: RM5,081 (+RM129)
Dow Futures: 43,899 pts (-11 pts)

**Source: Bloomberg, M+**

M+ Morning Market Buzz - 11Nov24

Dow Jones: 43,988.99 pts (+259.65pts, +0.59%)
⬆️ Resistance: 45100
⬇️ Support: 40900

FBM KLCI: 1,621.24 pts (-2.04pts, -0.13%)
⬆️ Resistance: 1680
⬇️ Support: 1580

HSI Index: 20,728.19 pts (-225.15pts, -1.07%)
⬆️ Resistance: 21800
⬇️ Support: 20000

Crude Palm Oil: RM5,101 (+RM149, +3.01%)
⬆️ Resistance: 5210
⬇️ Support: 4690

Brent Oil: $73.87 (-$1.76, -2.33%)
⬆️ Resistance: 77.80
⬇️ Support: 71.90

Gold: $2,684.77 (-$21.94, -0.81%)
⬆️ Resistance: 2810
⬇️ Support: 2600

Source: Bloomberg, M+

M+ Market update – 11Nov24
Shifting The Focus To Earnings Season

Last Friday, the Malaysian ringgit strengthened slightly as the FOMC meeting concluded with a 25 bps rate cut, while the KLCI ended softer. Meanwhile, Wall Street closed on a positive note, reaching new highs after Donald Trump’s second presidential win. Looking ahead, traders will closely monitor inflation and retail sales data, which could dictate the outcome in upcoming FOMC meetings; the probability of a 25 bps cut in the December FOMC has declined to 84.9% (from 64.9%). In the commodity markets, Brent oil prices fell below USD73 per barrel as fears of prolonged supply disruptions from a hurricane in the US Gulf of Mexico eased. Meanwhile, gold prices retreated to around USD2,684, and CPO surged above the RM5,100 level.

Sector Focus: Despite the slight rebound in the ringgit, we believe Technology stocks could gain momentum, tracking the US move, but the upside may be limited in due to PIE’s earnings. We also favour stocks within the Shipping industry as AGX experienced a breakout last week. In view of the strong rally in CPO prices, we suggest that investors to focus on the Plantation sector heading into earnings season and 1Q25. Also, selected Construction and Building Materials stocks are expected to post stronger earnings, supported by ongoing data center investments.
Stocks to watch:

Plantation: *INNO*, SOP
Construction: *BNASTRA*, *SSB8*
Finance: MNRB, *RCECAP*
Shipping: *AGX*
Property: VLB

Source: M+

*Corporate news*

Human capital management provider *Ramssol Group Bhd* said its 51%-owned subsidiary in Thailand has secured a contract worth 275m baht (RM35.6m) to undertake an artificial intelligence (AI) healthcare solutions project for a hospital. (The Edge Malaysia)

Oil and gas services provider *Steel Hawk Bhd* has secured a subcontract from *Petra Energy Bhd* to provide offshore living quarters maintenance and repair services for EPOMS offshore facilities in Sarawak. (The Edge Malaysia)

Renewable energy producer *Cypark Resources Bhd* announced on Friday that its CFO Vinie Chong Pui Ling has resigned, just three months after her appointment on 15 Aug. (The Edge Malaysia)

*Bank Rakyat* has appointed Ahmad Shahril Mohd Shariff as its acting CEO, effective from Saturday. (The Edge Malaysia)

*Malaysia’s unemployment rate remained stable in September this year, as the number of jobless people fell while the labour force expanded, latest data showed*. The unemployment rate stood at 3.2%, a level generally considered as full employment, the Department of Statistics Malaysia said in a statement. (The Edge Malaysia)

*Malaysia’s industrial output rose slower than expected in September, as manufacturing activity and electricity generation growth eased*, while mining production contracted, official data on Friday showed. The industrial production index which measures output from factories, mines, and power plants rose 2.3% in September from a year earlier, the DOSM said. That compares with a median 3.5% increase predicted in a Bloomberg survey and August’s 4.1% year-on-year gain. (The Edge Malaysia)

*The construction of the West Coast Expressway (WCE) for the Banting in Selangor to Gelang Patah in Johor is expected to drive the development of the areas it passes through*, said Deputy Works Minister Datuk Seri Ahmad Maslan. He explained that one of the key benefits of the project would be the widening and enhancement of existing roads in the areas. (Bernama)

*The Penang government has provided 170,000 affordable housing (RMM) units so far to help low- and middle-income groups own homes*, in line with the Penang2030 vision, targeting 220,000 housing units by 2030. State Housing and Environment Committee chairman Datuk Seri S Sundarajoo said the state government is currently focused on completing the remaining 50,000 houses by 2030. (Bernama)


*11th Nov 2024*

Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

US sector trends

🧂⚽️🏀🏈⚾️🥎🎾🏐
Last Friday GLOBAL Major Index
上星期五全球主要指数

Last Week All Sector Performance
上周所有板块表现

Last Friday Bursa Malaysia Market Watch & Market Sentiment.
上周五马来西亚交易所市场观察及市场情绪。

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BURSA MALAYSIA STATISTICS 18 OCTOBER 2024

M+ Morning Market Buzz - 21Oct24

Dow Jones: 43,275.91 pts (+36.86pts, +0.09%)
⬆️ Resistance: 44200
⬇️ Support: 41900

FBM KLCI: 1,645.99 pts (+4.55pts, +0.28%)
⬆️ Resistance: 1690
⬇️ Support: 1600

HSI Index: 20,804.11 pts (+725.01pts, +3.61%)
⬆️ Resistance: 21800
⬇️ Support: 19600

Crude Palm Oil: RM4,255 (-RM23, -0.54%)
⬆️ Resistance: 4500
⬇️ Support: 4150

Brent Oil: $73.06 (-$1.39, -1.87%)
⬆️ Resistance: 80.20
⬇️ Support: 71.10

Gold: $2,721.46 (+$28.75, +1.07%)
⬆️ Resistance: 2780
⬇️ Support: 2590

Source: Bloomberg, M+

M+ Market update – 21Oct24
Positive Budget May Boost Market Sentiment

Wall Street ended on a positive note following Netflix’s stronger-than-expected Q3 earnings. We believe that the strong performance in the technology sector, combined with positive sentiment from Budget 2025, may provide buying support in the local market. This week, traders will be closely watching the following key events: (i) US unemployment claims, (ii) Flash manufacturing and services PMI, (iii) durable goods orders, and (iv) consumer sentiment reports. In the commodities market, Brent crude oil continues to trend lower due to weaker demand forecasts from OPEC and the IEA, as well as easing geopolitical tensions in the Middle East. Meanwhile, gold prices surged toward record highs. CPO prices remained within the RM4,250-4,300 range, continuing their upward trend.

Sector Focus: Following Budget 2025, we expect buying support to extend in the Construction and Property sectors, particularly the latter due to property tax relief initiatives. We also favour the Utilities sector, as more green-related initiatives were highlighted in Budget 2025, leading to potential trades in the renewable energy and sub-utilities segments. Additionally, with increased emphasis and investment in the semiconductor and E&E sectors, we expect buying interest in the technology sector. Finally, we see potential in stocks linked to Johor, Sabah, and Sarawak.

Stocks to watch:

Technology: *HTPADU*, NATGATE
Building Material: *CMSB*, SCGBHD
Construction: *PESONA*
Consumer: *LHI*
Property: *ECOWLD*
Plantation: JTIASA
O&G: GASMSIA

Source: M+

M+ Market Wrap - 18Oct24

FBM KLCI: 1,645.99 pts (+4.55pts, +0.28%)
The FBM KLCI (+0.28%) extended its gains and closed higher at 1645.99, gaining support by heavyweights like YTL (+6.0 sen) and PMETAL (+8.0 sen). The market is optimistic prior to the Budget 2025 announcement, with 10 out of the 13 sectors closed in the positive territory. The market breadth was positive, with 598 gainers against 396 losers. In the broader market, the Technology (+1.35%) sector gained the most, led by GREATEC (+8.0 sen) and FRONTKEN (+8.0 sen), as bargain hunting activities emerged, while REIT (-0.33%) declined the most.

Top 3 Active stocks:
NE (0325): RM0.530 (+4.0 sen)
BPURI (5932): RM0.330 (-1.5 sen)
WCT (9679): RM0.925 (+1.0 sen)

Volume: 2.52 bn (100-day avg vol: 4.19 bn)
Value: RM2.17 bn (100-day avg val: RM3.54 bn)
Market Breadth: ⬆️598 ⬇️396
Crude palm oil: RM4,251 (-RM27)
Dow Futures: 43,542 pts (+31 pts)

**Source: Bloomberg, M+**

*Corporate news*

Negotiations between *Petronas* and Sarawak's state-owned oil and gas company Petroleum Sarawak Bhd *Petros* over the distribution of natural gas in the Borneo state are still ongoing, said Minister in the Prime Minister's Department Datuk Seri Azalina Othman Said. (The Edge Malaysia)

*Exsim Hospitality Bhd*, previously known as Pan Malaysia Holdings Bhd, said on Friday 18 October that its wholly owned subsidiary Exsim Concepto Sdn Bhd has won a sub-contract work package for RM60m. (The Edge Malaysia)

*HeiTech Padu Bhd*, whose share price hit a record high of RM4.40, announced that it has won an RM892.2m National Integrated Immigration System (NIISe) project. (The Edge Malaysia)

Shares of *HeiTech Padu Bhd* were suspended with effect from 9am to 5pm on Friday 18 October, pending an announcement relating to a material contract. (The Edge Malaysia)

Medical equipment and furniture manufacturer *LKL International Bhd* has announced a proposed JV with PT Fasilitas Teknologi Nusantara (Fastech) to expand into the Indonesian healthcare market. The JV will primarily engage in the business of manufacturing, selling, trading and distribution of medical equipment, medical devices and medical furniture in Indonesia. Fastech is principally engaged in the business of providing workforce solutions in Indonesia that specialises in providing high quality labour resources. (The Edge Malaysia)

*The government will start implementing targeted subsidies for RON95 petrol in mid-2025*, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim unveiled in his Budget 2025 speech. Anwar said that the government remains committed to providing subsidies for 85% of the population. (The Edge Malaysia)

*Bank Negara Malaysia (BNM) said it will provide micro, small and medium enterprises (MSMEs) with affordable and holistic financing with a fund size of RM3.8bn*. Speaking on its initiatives under Budget 2025, the central bank said the RM3.8bn will go towards supporting MSMEs' move towards digitalization and automation, embracing sustainable and low carbon practices, and agrifood production. (The Edge Malaysia)

*The federal government is expanding the scope of the sales and service tax (SST) again to raise tax revenue*. Starting 1 May 2025, sales tax will be imposed on non-essential items, including imported premium items, such as salmon and avocado, Prime Minister Datuk Seri Anwar Ibrahim announced in his Budget 2025 speech on Friday. (The Edge Malaysia)



*21st Oct 2024*

Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

Last Week All Sector Performance
上周所有板块表现

Last Friday Bursa Malaysia Market Watch & Market Sentiment.
上周五马来西亚交易所市场观察及市场情绪。

#CREST S&R

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18-October-2024

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