Potential upside for 2024's worst performing large-cap counters - Edge Weekly Jan 13, 2025
BursaKakis Channel 👣
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This Channel is for education & sharing of KLSE Research, Analysis & Local/Foreign Biz News. The comments here do not represent a recommendation to buy or sell.
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BursaKakis Channel 👣 (English)
Are you looking to stay informed and educated about Kuala Lumpur Stock Exchange (KLSE) research, analysis, and local/foreign business news? Look no further than the BursaKakis Channel 👣 on Telegram, managed by the username @bursakakis. This channel is your go-to source for all things related to the stock market and business world
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BursaKakis Channel 👣
11 Jan, 01:24
https://www.businesstoday.com.my/2025/01/10/us-job-growth-accelerated-in-dec-unemployment-fell-to-4-1/
BursaKakis Channel 👣
11 Jan, 01:21
https://www.cnbc.com/2025/01/09/stock-market-today-live-updates.html
BursaKakis Channel 👣
10 Jan, 09:24
M+ Market Wrap - 10Jan25
FBM KLCI: 1,602.41 pts (+1.60pts, +0.10%)
Despite the sluggish regional market performance, the FBMKLCI (+0.10%) bucked the trend and closed slightly higher at 1,602.41 pts, led by key heavyweights including CIMB (+7.0 sen) and YTLPOWR (+5.0 sen). Nevertheless, the market breadth was still negative, with 530 losers against 443 winners. In the broader market, the Healthcare (+1.48%) sector emerged as the top gainer, with bargain-hunting activities occurred across glove counters like HARTA (+8.0 sen) and TOPGLOV (+3.0 sen) after their recent pullback. Meanwhile, the Property (-0.68%) sector ended the day as the worst-performing sector.
Top 3 Active stocks:
VELOCITY (7165): RM0.085 (+1.5 sen)
NATGATE (0270): RM2.450 (-17.0 sen)
SET (0337): RM0.385 (-3.5 sen)
Volume: 2.52 bn (100-bar avg vol: 3.03 bn)
Value: RM2.42 bn (100-bar avg val: RM2.85 bn)
Market Breadth: ⬆️443 ⬇️530
Crude palm oil: RM4,383 (+RM87)
Dow Futures: 42,841 pts (+19 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,602.41 pts (+1.60pts, +0.10%)
Despite the sluggish regional market performance, the FBMKLCI (+0.10%) bucked the trend and closed slightly higher at 1,602.41 pts, led by key heavyweights including CIMB (+7.0 sen) and YTLPOWR (+5.0 sen). Nevertheless, the market breadth was still negative, with 530 losers against 443 winners. In the broader market, the Healthcare (+1.48%) sector emerged as the top gainer, with bargain-hunting activities occurred across glove counters like HARTA (+8.0 sen) and TOPGLOV (+3.0 sen) after their recent pullback. Meanwhile, the Property (-0.68%) sector ended the day as the worst-performing sector.
Top 3 Active stocks:
VELOCITY (7165): RM0.085 (+1.5 sen)
NATGATE (0270): RM2.450 (-17.0 sen)
SET (0337): RM0.385 (-3.5 sen)
Volume: 2.52 bn (100-bar avg vol: 3.03 bn)
Value: RM2.42 bn (100-bar avg val: RM2.85 bn)
Market Breadth: ⬆️443 ⬇️530
Crude palm oil: RM4,383 (+RM87)
Dow Futures: 42,841 pts (+19 pts)
**Source: Bloomberg, M+**
BursaKakis Channel 👣
10 Jan, 05:31
Bursa Malaysia Midday Recap: Selective Bargain Hunting
The FBM KLCI crept back above the 1,600 psychological level today after a 2 days slump. Utilities, healthcare and selected Telco (MAXIS) led the rebound. Broad market sentiment remained bearish with investors’ focus on selected counters. Some glove stocks posted a reversal today as well after seeing profit taking for 3 consecutive days. Rounding off the week, investors should look out for the US payrolls data tonight at 9.30pm for clues on the market’s general direction on Monday.
With the fragmented interest seen in the market today, investors looking to trade may want to consider ECOWLD (Estimated Resistance: MYR 2.50; Stop Loss: MYR 1.95) as a potential trade idea. Our analysts believe that the stock is on the verge of a bullish continuation as the price action tested its current high multiple times. For a detailed breakdown, check out today’s Traders’ Almanac video above.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI crept back above the 1,600 psychological level today after a 2 days slump. Utilities, healthcare and selected Telco (MAXIS) led the rebound. Broad market sentiment remained bearish with investors’ focus on selected counters. Some glove stocks posted a reversal today as well after seeing profit taking for 3 consecutive days. Rounding off the week, investors should look out for the US payrolls data tonight at 9.30pm for clues on the market’s general direction on Monday.
With the fragmented interest seen in the market today, investors looking to trade may want to consider ECOWLD (Estimated Resistance: MYR 2.50; Stop Loss: MYR 1.95) as a potential trade idea. Our analysts believe that the stock is on the verge of a bullish continuation as the price action tested its current high multiple times. For a detailed breakdown, check out today’s Traders’ Almanac video above.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
BursaKakis Channel 👣
10 Jan, 00:33
Maybank IBG Traders’ Almanac
(10 Jan 2025) - Market struggles to find a moment of rebound
Technical Trading Ideas💡for today:
1️⃣ ECO WORLD DEVELOPMENT – 8206 (S)
2️⃣ SUCCESS TRASNFORMER CORP – 7207 (S)
3️⃣ SOLAR DISTRICT COOLING GROUP – 0321 (S)
4️⃣ CPO FUTURES (CP: MYR 4,286)
5️⃣ KLCI INDEX FUTURES (CP: 1,599.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(10 Jan 2025) - Market struggles to find a moment of rebound
Technical Trading Ideas💡for today:
1️⃣ ECO WORLD DEVELOPMENT – 8206 (S)
2️⃣ SUCCESS TRASNFORMER CORP – 7207 (S)
3️⃣ SOLAR DISTRICT COOLING GROUP – 0321 (S)
4️⃣ CPO FUTURES (CP: MYR 4,286)
5️⃣ KLCI INDEX FUTURES (CP: 1,599.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
BursaKakis Channel 👣
09 Jan, 23:58
M+ Market update – 10Jan25
State-Specific Thematic Focus
The local front continued to close on a negative tone, with YTL-related counters dragging the key index lower. Meanwhile, equity markets in the US were closed in observance of the passing of former US President Jimmy Carter. As the time of writing, Wall Street futures are down, and traders are shifting their attention to the December nonfarm payrolls due later today. In the commodities market, Brent crude oil traded above USD77 level amid declining US inventories. Gold prices are hovering along the USD2670 level, while CPO prices have fallen below RM4,300.
Sector Focus: As Wall Street futures slides, this could spillover to stocks on the local front. However, we believe the market will focus on state-specific thematic plays; (i) Sarawak - PM Anwar’s proposal to position Sarawak as Malaysia’s energy hub is expected to drive further developments in the state, benefiting East Malaysia-related counters, (ii) Penang - the commencement of six water projects in Penang, worth over RM1.8bn, alongside the start of the Penang LRT project, is expected to boost the Penang-related counters and (iii) Johor - the formalisation of the JSSEZ, coupled with ongoing FDI inflows and data center investments in Johor, is anticipated to benefit the Johor-related counters.
Stocks to watch:
Consumer: *DXN*, *FFB*
O&G: *YINSON*
Property: *ECOWLD*
Utility: MALAKOF
Source: M+
State-Specific Thematic Focus
The local front continued to close on a negative tone, with YTL-related counters dragging the key index lower. Meanwhile, equity markets in the US were closed in observance of the passing of former US President Jimmy Carter. As the time of writing, Wall Street futures are down, and traders are shifting their attention to the December nonfarm payrolls due later today. In the commodities market, Brent crude oil traded above USD77 level amid declining US inventories. Gold prices are hovering along the USD2670 level, while CPO prices have fallen below RM4,300.
Sector Focus: As Wall Street futures slides, this could spillover to stocks on the local front. However, we believe the market will focus on state-specific thematic plays; (i) Sarawak - PM Anwar’s proposal to position Sarawak as Malaysia’s energy hub is expected to drive further developments in the state, benefiting East Malaysia-related counters, (ii) Penang - the commencement of six water projects in Penang, worth over RM1.8bn, alongside the start of the Penang LRT project, is expected to boost the Penang-related counters and (iii) Johor - the formalisation of the JSSEZ, coupled with ongoing FDI inflows and data center investments in Johor, is anticipated to benefit the Johor-related counters.
Stocks to watch:
Consumer: *DXN*, *FFB*
O&G: *YINSON*
Property: *ECOWLD*
Utility: MALAKOF
Source: M+
BursaKakis Channel 👣
09 Jan, 23:58
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
10 Jan 2025
Download report here: https://tinyurl.com/4tts4zdm
*UNIQUE (0257)*: Shariah Compliant
Outlook: Breakout MYR0.41
Resistance: MYR0.44, MYR0.47
Support: MYR0.38
(time frame: 2-4 weeks)
*FOCUSP (0157)*: Shariah Compliant
Outlook: Pending Breakout MYR0.82
Resistance: MYR0.85, MYR0.88
Support: MYR0.785
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only…
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
10 Jan 2025
Download report here: https://tinyurl.com/4tts4zdm
*UNIQUE (0257)*: Shariah Compliant
Outlook: Breakout MYR0.41
Resistance: MYR0.44, MYR0.47
Support: MYR0.38
(time frame: 2-4 weeks)
*FOCUSP (0157)*: Shariah Compliant
Outlook: Pending Breakout MYR0.82
Resistance: MYR0.85, MYR0.88
Support: MYR0.785
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only…
BursaKakis Channel 👣
09 Jan, 23:48
UOBKH Retail Market Monitor
10 January 2025
FBMKLCI: 1,601.76 (-13.07)
Support: 1,600, 1,589
Resistance: 1,630, 1,648
Bursa Top Gainers:
MAXIS (+1.4%), CDB (+1.4%), PPB (+0.49%)
Bursa Top Losers:
YTL (-8.2%), YTLPOWR (-6.9%), GAMUDA (-3.9%)
Bursa Trade Statistics
Local Institutions (42.60%): RM121.76m
Local Retail (20.22%): RM12.69m
Foreign (37.18%): -RM134.45m
Global Equity Indexes
MSCI Asia : 179.44 (-1.29, -0.71%)
NASDAQ : 19,478.88 (-10.80, -0.06%)
S&P500 : 5,918.25 (+9.22, +0.16%)
DJIA : 42,635.20 (+106.84, +0.25%)
USD/MYR : 4.5030 (-0.011)
SGD/MYR : 3.2885 (-0.7025)
Crude Oil : 74.23 (+0.31)
Gold : 2,693.40 (+2.60)
US market closed for public holidays.
Stocks To Watch:
1) ANCOMNY (KLSE: 4758)
Technical BUY with +13.7% potential return
* Last: RM1.02 TP: RM1.11, RM1.16 SL: RM0.97
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) MHC (KLSE: 5026)
Technical BUY on breakout (1.03) with +19.4% potential return
* Last: RM1.02 TP: RM1.17, RM1.23 SL: RM0.975
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) VTC (KLSE: 0319)
Technical BUY with +32.4% potential return
* Last: RM0.525 TP: RM0.63, RM0.695 SL: RM0.445
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
10 January 2025
FBMKLCI: 1,601.76 (-13.07)
Support: 1,600, 1,589
Resistance: 1,630, 1,648
Bursa Top Gainers:
MAXIS (+1.4%), CDB (+1.4%), PPB (+0.49%)
Bursa Top Losers:
YTL (-8.2%), YTLPOWR (-6.9%), GAMUDA (-3.9%)
Bursa Trade Statistics
Local Institutions (42.60%): RM121.76m
Local Retail (20.22%): RM12.69m
Foreign (37.18%): -RM134.45m
Global Equity Indexes
MSCI Asia : 179.44 (-1.29, -0.71%)
NASDAQ : 19,478.88 (-10.80, -0.06%)
S&P500 : 5,918.25 (+9.22, +0.16%)
DJIA : 42,635.20 (+106.84, +0.25%)
USD/MYR : 4.5030 (-0.011)
SGD/MYR : 3.2885 (-0.7025)
Crude Oil : 74.23 (+0.31)
Gold : 2,693.40 (+2.60)
US market closed for public holidays.
Stocks To Watch:
1) ANCOMNY (KLSE: 4758)
Technical BUY with +13.7% potential return
* Last: RM1.02 TP: RM1.11, RM1.16 SL: RM0.97
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) MHC (KLSE: 5026)
Technical BUY on breakout (1.03) with +19.4% potential return
* Last: RM1.02 TP: RM1.17, RM1.23 SL: RM0.975
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) VTC (KLSE: 0319)
Technical BUY with +32.4% potential return
* Last: RM0.525 TP: RM0.63, RM0.695 SL: RM0.445
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
BursaKakis Channel 👣
09 Jan, 23:44
*Trading Stocks today:*
For *Trendspotter*, please click on this link: < https://tinyurl.com/yttk45d9 > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Salcon (8567)* (RM0.265): Technical Sell
Targets: RM0.25, RM0.225
Stop: RM0.295
*Seng Fong Holdings (5308)* (RM0.96): Technical Sell
Targets: RM0.91, RM0.835
Stop: RM1.05
*Fundamental Report(s):*
*Gamuda* - Orderbook targets looking conservative (Maintain Add with a higher TP of RM6.45) https://tinyurl.com/2rtbwwuz
*Bursa Malaysia* - Robust IPO trend in the stock market (Maintain Add with a higher TP of RM11.30) https://tinyurl.com/nxt8p6za
*10th 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.
For *Trendspotter*, please click on this link: < https://tinyurl.com/yttk45d9 > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Salcon (8567)* (RM0.265): Technical Sell
Targets: RM0.25, RM0.225
Stop: RM0.295
*Seng Fong Holdings (5308)* (RM0.96): Technical Sell
Targets: RM0.91, RM0.835
Stop: RM1.05
*Fundamental Report(s):*
*Gamuda* - Orderbook targets looking conservative (Maintain Add with a higher TP of RM6.45) https://tinyurl.com/2rtbwwuz
*Bursa Malaysia* - Robust IPO trend in the stock market (Maintain Add with a higher TP of RM11.30) https://tinyurl.com/nxt8p6za
*10th 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.
BursaKakis Channel 👣
09 Jan, 22:58
https://www.businesstoday.com.my/2025/01/09/green-packet-secures-lending-licence-from-kpkt/
BursaKakis Channel 👣
09 Jan, 09:24
FBM KLCI: 1,600.81 pts (-14.02pts, -0.87%)
The FBMKLCI (-0.87%) continued to close lower for the second consecutive day, ending at 1,600.81 pts, mainly dragged by Utilities heavyweights like YTLPOWR (-31.0 sen) and YTL (-22.0 sen). The market breadth was also negative, with 900 losers against 231 winners. In the broader market, all the sectors continued to end on a negative tone, with the Construction (-3.25%) sector declining the most, as profit-taking activities were seen across Construction heavyweights.
Top 3 Active stocks:
SET (0337): RM0.420 (+2.5 sen)
TWL (7079): RM0.025 (unch)
VELOCITY (7165): RM0.070 (-1.0 sen)
Volume: 3.49 bn (100-bar avg vol: 3.04 bn)
Value: RM2.93 bn (100-bar avg val: RM2.85 bn)
Market Breadth: ⬆️231 ⬇️900
Crude palm oil: RM4,279 (-RM75)
Dow Futures: 42,863 pts (-15 pts)
**Source: Bloomberg, M+**
The FBMKLCI (-0.87%) continued to close lower for the second consecutive day, ending at 1,600.81 pts, mainly dragged by Utilities heavyweights like YTLPOWR (-31.0 sen) and YTL (-22.0 sen). The market breadth was also negative, with 900 losers against 231 winners. In the broader market, all the sectors continued to end on a negative tone, with the Construction (-3.25%) sector declining the most, as profit-taking activities were seen across Construction heavyweights.
Top 3 Active stocks:
SET (0337): RM0.420 (+2.5 sen)
TWL (7079): RM0.025 (unch)
VELOCITY (7165): RM0.070 (-1.0 sen)
Volume: 3.49 bn (100-bar avg vol: 3.04 bn)
Value: RM2.93 bn (100-bar avg val: RM2.85 bn)
Market Breadth: ⬆️231 ⬇️900
Crude palm oil: RM4,279 (-RM75)
Dow Futures: 42,863 pts (-15 pts)
**Source: Bloomberg, M+**
BursaKakis Channel 👣
09 Jan, 07:30
https://www.thestar.com.my/business/business-news/2025/01/09/malaysia-aiming-to-become-energy-chip-making-hub-pm-says
BursaKakis Channel 👣
02 Jan, 09:40
FBM KLCI: 1,632.87 pts (-9.46pts, -0.58%)
The FBMKLCI (-0.58%) snapped a 6-day winning streak amid weakened sentiment across regional markets; as Industrial Products & Services and Utilities heavyweights namely PCHEM (-31.0 sen) and TENGA (-18.0 sen) took a breather. Market breadth was negative, with 580 losers against 449 gainers. The Energy sector emerged as the biggest winner, underpinned by gains in KEYFIELD (+17.0 sen) and DIALOG (+2.0 sen), as the spike in Brent Crude oil boosted sentiment in the sector, while Industrial Products & Services declined the most.
Top 3 Active stocks:
VELOCITY (7165): RM0.065 (+1.5 sen)
SNS (0259): RM0.700 (+4.0 sen)
VANZO (0333): RM0.205 (-1.0 sen)
Volume: 2.64 bn (100-bar avg vol: 3.04 bn)
Value: RM1.97 bn (100-bar avg val: RM2.85 bn)
Market Breadth: ⬆️449 ⬇️580
Crude palm oil: RM4,339 (-RM109)
Dow Futures: 43,041 pts (+168 pts)
**Source: Bloomberg, M+**
The FBMKLCI (-0.58%) snapped a 6-day winning streak amid weakened sentiment across regional markets; as Industrial Products & Services and Utilities heavyweights namely PCHEM (-31.0 sen) and TENGA (-18.0 sen) took a breather. Market breadth was negative, with 580 losers against 449 gainers. The Energy sector emerged as the biggest winner, underpinned by gains in KEYFIELD (+17.0 sen) and DIALOG (+2.0 sen), as the spike in Brent Crude oil boosted sentiment in the sector, while Industrial Products & Services declined the most.
Top 3 Active stocks:
VELOCITY (7165): RM0.065 (+1.5 sen)
SNS (0259): RM0.700 (+4.0 sen)
VANZO (0333): RM0.205 (-1.0 sen)
Volume: 2.64 bn (100-bar avg vol: 3.04 bn)
Value: RM1.97 bn (100-bar avg val: RM2.85 bn)
Market Breadth: ⬆️449 ⬇️580
Crude palm oil: RM4,339 (-RM109)
Dow Futures: 43,041 pts (+168 pts)
**Source: Bloomberg, M+**
BursaKakis Channel 👣
02 Jan, 06:35
https://www.businesstoday.com.my/2025/01/02/kenanga-forecasts-klci-to-hit-1840-in-2025/
BursaKakis Channel 👣
02 Jan, 06:28
https://klse.i3investor.com/web/blog/detail/stock_pick_2024/2024-12-31-story-h496982491-Stock_Pick_Year_2024_31_Dec_Result
BursaKakis Channel 👣
02 Jan, 05:09
Bursa Malaysia Midday Recap: Blue Chip Profit Taking; Interest in Tech
The FBM KLCI kick started the year with some profit taking in most blue chips that rallied into the 2024 close. Broad market sentiment also favoured the bears. Tech positively stood out today as the most traded sector by value, MMAG (+16%) and CUSCAPI (+11%) were among the notable gainers within the tech sector. Meanwhile energy stocks also gained on a small rise in crude oil prices.
With focus on the Tech sector today, investors looking to invest in the sector may want to consider VTC (Estimated resistance: MYR 0.600; Stop loss: MYR 0.465) as a potential trade idea. Our technical analyst suggests that a potential bullish breakout is possible, with the stock having closed right at the neckline of its double bottom pattern with increased volume and up trending RSI. For more info on the stock, check out today’s Traders’ Almanac video above!
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI kick started the year with some profit taking in most blue chips that rallied into the 2024 close. Broad market sentiment also favoured the bears. Tech positively stood out today as the most traded sector by value, MMAG (+16%) and CUSCAPI (+11%) were among the notable gainers within the tech sector. Meanwhile energy stocks also gained on a small rise in crude oil prices.
With focus on the Tech sector today, investors looking to invest in the sector may want to consider VTC (Estimated resistance: MYR 0.600; Stop loss: MYR 0.465) as a potential trade idea. Our technical analyst suggests that a potential bullish breakout is possible, with the stock having closed right at the neckline of its double bottom pattern with increased volume and up trending RSI. For more info on the stock, check out today’s Traders’ Almanac video above!
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
BursaKakis Channel 👣
02 Jan, 00:50
UOBKH Retail Market Monitor
02 January 2025
FBMKLCI: 1,642.33 (+4.65)
Support: 1,613, 1,600
Resistance: 1,648, 1,675
Bursa Top Gainers:
AXIATA (+4.2%), PCHEM (+1.4%), SIME (+1.3%)
Bursa Top Losers:
TM (-6.7%), CDB (-3.6%), 99SMART (-2.6%)
Bursa Trade Statistics
Local Institutions (41.78%): +RM48.00m
Local Retail (21.68%): -RM98.00m
Foreign (36.53%): +RM50.00m
Global Equity Indexes
MSCI Asia : 181.73 (+0.10, +0.06%)
NASDAQ : 19,310.79 (+176.00, -0.88%)
S&P500 : 5,881.63 (-25.31, -0.43%)
DJIA : 42,544.22 (-29.51, -0.07%)
USD/MYR : 4.4775 (+0.0363)
SGD/MYR : 3.2794 (-0.0096)
Crude Oil : $72.05 (+2.13)
Gold : $2,625.48 (-55.73)
US stocks were lower after the close on Tuesday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.07%, while the S&P 500 index lost 0.43%, and the NASDAQ Composite index fell 0.88%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,749 to 1,045 and 72 ended unchanged; on the Nasdaq Stock Exchange, 1,707 fell and 1,576 advanced, while 126 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) AME (KLSE: 5293)
Technical BUY with +17.1% potential return
* Last: RM1.70 TP: RM1.87, RM1.99 SL: RM1.59
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CLMT (KLSE: 5180)
Technical buy on breakout (RM 0.69) with +15.2% potential return
* Last: RM0.675 TP: RM0.745, RM0.795 SL: RM0.635
* Timeframe: 2 weeks to 2 months
* Shariah: NO
3) EXSIMHB (KLSE: 1287)
Technical buy on breakout (RM 0.355) with +22.5% potential return
* Last: RM0.345 TP: RM0.405, RM0.435 SL: RM0.31
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
02 January 2025
FBMKLCI: 1,642.33 (+4.65)
Support: 1,613, 1,600
Resistance: 1,648, 1,675
Bursa Top Gainers:
AXIATA (+4.2%), PCHEM (+1.4%), SIME (+1.3%)
Bursa Top Losers:
TM (-6.7%), CDB (-3.6%), 99SMART (-2.6%)
Bursa Trade Statistics
Local Institutions (41.78%): +RM48.00m
Local Retail (21.68%): -RM98.00m
Foreign (36.53%): +RM50.00m
Global Equity Indexes
MSCI Asia : 181.73 (+0.10, +0.06%)
NASDAQ : 19,310.79 (+176.00, -0.88%)
S&P500 : 5,881.63 (-25.31, -0.43%)
DJIA : 42,544.22 (-29.51, -0.07%)
USD/MYR : 4.4775 (+0.0363)
SGD/MYR : 3.2794 (-0.0096)
Crude Oil : $72.05 (+2.13)
Gold : $2,625.48 (-55.73)
US stocks were lower after the close on Tuesday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.07%, while the S&P 500 index lost 0.43%, and the NASDAQ Composite index fell 0.88%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,749 to 1,045 and 72 ended unchanged; on the Nasdaq Stock Exchange, 1,707 fell and 1,576 advanced, while 126 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) AME (KLSE: 5293)
Technical BUY with +17.1% potential return
* Last: RM1.70 TP: RM1.87, RM1.99 SL: RM1.59
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CLMT (KLSE: 5180)
Technical buy on breakout (RM 0.69) with +15.2% potential return
* Last: RM0.675 TP: RM0.745, RM0.795 SL: RM0.635
* Timeframe: 2 weeks to 2 months
* Shariah: NO
3) EXSIMHB (KLSE: 1287)
Technical buy on breakout (RM 0.355) with +22.5% potential return
* Last: RM0.345 TP: RM0.405, RM0.435 SL: RM0.31
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
BursaKakis Channel 👣
02 Jan, 00:29
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
02 Jan 2025
Download report here: https://tinyurl.com/4mjkcyte
*CORAZA (0240)*: Shariah Compliant
Outlook: Pending Breakout MYR0.575
Resistance: MYR0.65, MYR0.74
Support: MYR0.50
(time frame: 2-4 weeks)
*VTC (0319)*: Shariah Compliant
Outlook: Pending Breakout MYR0.53
Resistance: MYR0.56, MYR0.60
Support: MYR0.475
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
02 Jan 2025
Download report here: https://tinyurl.com/4mjkcyte
*CORAZA (0240)*: Shariah Compliant
Outlook: Pending Breakout MYR0.575
Resistance: MYR0.65, MYR0.74
Support: MYR0.50
(time frame: 2-4 weeks)
*VTC (0319)*: Shariah Compliant
Outlook: Pending Breakout MYR0.53
Resistance: MYR0.56, MYR0.60
Support: MYR0.475
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
BursaKakis Channel 👣
02 Jan, 00:28
Maybank IBG Traders’ Almanac
(02 Jan 2025) - Positive sentiment coming in 2025
Technical Trading Ideas💡for today:
1️⃣ AEON CO. (M) BHD – 6599 (S)
2️⃣ VETECE HOLDINGS BERHAD – 0319 (S)
3️⃣ FEYTECH HOLDINGS BERHAD – 5322 (S)
4️⃣ CPO FUTURES (CP: MYR 4,861)
5️⃣ KLCI INDEX FUTURES (CP: 1,642.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(02 Jan 2025) - Positive sentiment coming in 2025
Technical Trading Ideas💡for today:
1️⃣ AEON CO. (M) BHD – 6599 (S)
2️⃣ VETECE HOLDINGS BERHAD – 0319 (S)
3️⃣ FEYTECH HOLDINGS BERHAD – 5322 (S)
4️⃣ CPO FUTURES (CP: MYR 4,861)
5️⃣ KLCI INDEX FUTURES (CP: 1,642.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
BursaKakis Channel 👣
02 Jan, 00:12
M+ Market update – 2Jan25
Data Center Theme Remains Relevant
The local bourse traded positively, extending its six-day winning streak on the final trading day of 2024, driven by a surge in buying interest during the second session. However, the Nasdaq continued to weigh on Wall Street sentiment, as losses persisted following the Fed’s move to temper expectations of imminent rate cuts. Traders will also keep track of key economic data, including US unemployment claims and the ISM Manufacturing PMI. In the commodities market, buying interest was seen in Brent crude oil, hovering above USD74 after data showed China’s manufacturing activity expanded in December. Gold price traded sideways along USD2620. CPO prices retreated below RM4,500 mark.
Sector Focus: The local front is set to open lower, tracking the weaker tone of the overnight US market, which may cap the upside for the Technology sector for now. Meanwhile, we favour the O&G sector, given the rebound in Brent crude oil prices, and maintain a positive outlook on Glove stocks as the ringgit continues to hover around RM4.47/USD. Looking ahead, we anticipate a potential surge in Construction, Building Materials and Utilities earnings, driven by data center investments.
Stocks to watch:
Technology: *ADB*, *NATGATE*, *SNS*
Property: *SPSETIA*, UEMS
Utility: JTGROUP, *UUE*
Building Material: UNIQUE
Telco: OCK
Source: M+
Data Center Theme Remains Relevant
The local bourse traded positively, extending its six-day winning streak on the final trading day of 2024, driven by a surge in buying interest during the second session. However, the Nasdaq continued to weigh on Wall Street sentiment, as losses persisted following the Fed’s move to temper expectations of imminent rate cuts. Traders will also keep track of key economic data, including US unemployment claims and the ISM Manufacturing PMI. In the commodities market, buying interest was seen in Brent crude oil, hovering above USD74 after data showed China’s manufacturing activity expanded in December. Gold price traded sideways along USD2620. CPO prices retreated below RM4,500 mark.
Sector Focus: The local front is set to open lower, tracking the weaker tone of the overnight US market, which may cap the upside for the Technology sector for now. Meanwhile, we favour the O&G sector, given the rebound in Brent crude oil prices, and maintain a positive outlook on Glove stocks as the ringgit continues to hover around RM4.47/USD. Looking ahead, we anticipate a potential surge in Construction, Building Materials and Utilities earnings, driven by data center investments.
Stocks to watch:
Technology: *ADB*, *NATGATE*, *SNS*
Property: *SPSETIA*, UEMS
Utility: JTGROUP, *UUE*
Building Material: UNIQUE
Telco: OCK
Source: M+
BursaKakis Channel 👣
01 Jan, 22:49
https://thesun.my/business-news/bursa-malaysia-expected-to-onboard-50-new-listings-this-year-fbm-klci-to-reach-1800-points-CB13474503
BursaKakis Channel 👣
01 Jan, 22:39
https://www.cnbc.com/2024/12/30/stock-market-today-live-updates.html
BursaKakis Channel 👣
28 Dec, 00:44
https://www.nst.com.my/business/corporate/2024/12/1153675/major-corporate-moves-shaped-2024
BursaKakis Channel 👣
28 Dec, 00:31
https://www.cnbc.com/2024/12/26/stock-market-today-live-update.html
BursaKakis Channel 👣
27 Dec, 09:26
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+**
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+**
BursaKakis Channel 👣
27 Dec, 05:20
Bursa Malaysia Midday Recap: The Rally Continues
The FBM KLCI extended its momentum, marking its fourth consecutive day of gains. Overall, market sentiment remained positive with gainers outpacing laggards. The construction sector showed continued strength led by GAMUDA and IJM, while hospital and glove counters dominated trading activity in the healthcare sector. On the news front, SCGBHD has won a RM173 million supply and delivery contract in East Malaysia, whereas LEBTECH has secured RM11 million worth of waterworks projects in Selangor.
Investors interested in the construction sector may consider GAMUDA (Target Price: MYR 10.50) and IJM (Target Price: MYR 3.70) as potential trading opportunities. For detailed insights, visit the Maybank Trade MY app today.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI extended its momentum, marking its fourth consecutive day of gains. Overall, market sentiment remained positive with gainers outpacing laggards. The construction sector showed continued strength led by GAMUDA and IJM, while hospital and glove counters dominated trading activity in the healthcare sector. On the news front, SCGBHD has won a RM173 million supply and delivery contract in East Malaysia, whereas LEBTECH has secured RM11 million worth of waterworks projects in Selangor.
Investors interested in the construction sector may consider GAMUDA (Target Price: MYR 10.50) and IJM (Target Price: MYR 3.70) as potential trading opportunities. For detailed insights, visit the Maybank Trade MY app today.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
BursaKakis Channel 👣
27 Dec, 00:26
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
27 Dec 2024
Download report here: https://tinyurl.com/th2jpr5w
*KENERGY (0307)*: Shariah Compliant
Outlook: Breakout MYR0.745
Resistance: MYR0.85, MYR0.95
Support: MYR0.655
(time frame: 2-4 weeks)
*GENETEC (0104)*: Shariah Compliant
Outlook: Breakout MYR1.30
Resistance: MYR1.45, MYR1.55
Support: MYR1.18
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
27 Dec 2024
Download report here: https://tinyurl.com/th2jpr5w
*KENERGY (0307)*: Shariah Compliant
Outlook: Breakout MYR0.745
Resistance: MYR0.85, MYR0.95
Support: MYR0.655
(time frame: 2-4 weeks)
*GENETEC (0104)*: Shariah Compliant
Outlook: Breakout MYR1.30
Resistance: MYR1.45, MYR1.55
Support: MYR1.18
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
BursaKakis Channel 👣
26 Dec, 23:52
M+ Market update – 27Dec24
Window Dressing Activities To Persist
The local bourse continued to trade higher, as buying interest was seen across the blue-chip stocks, lifting the KLCI index. In the US, Wall Street closed mixed in thin trade following the Christmas holiday. The weekly US jobless claims data released yesterday came out at 219k, lower than most of the economists’ expectation of 224k, signalling stronger employment market. Meanwhile, traders will also continue to keep track on the crude oil inventories later today. In the commodities market, Brent crude oil ended slightly lower at USD73.26 per barrel. Gold prices traded flat around USD2,630, while CPO prices continued to stay above the RM4,500 mark.
Sector Focus: With the proposed electricity tariff hike by TNB starting July next year, traders may find trading opportunities in the Utilities sector. On top of that, as TNB was being shortlisted to develop a 500MW solar plant in Kedah under the LSS5 programme, along with the government's recent removal of the 85% demand cap under the self-consumption (SelCo) programme, it presents further upside opportunities in the solar-related counters. Finally, improved employment data in the US, which might lead to Fed to remain its hawkish tone, is likely to benefit the local Technology stocks.
Stocks to watch:
Technology: *EG*, *JCY*, *NATGATE*, NOTION
Building Material/ Utility: JTGROUP, MNHLDG, *SCGBHD*, SMRT, *UUE*
Construction: MITRA
Finance: OSK
Source: M+
Window Dressing Activities To Persist
The local bourse continued to trade higher, as buying interest was seen across the blue-chip stocks, lifting the KLCI index. In the US, Wall Street closed mixed in thin trade following the Christmas holiday. The weekly US jobless claims data released yesterday came out at 219k, lower than most of the economists’ expectation of 224k, signalling stronger employment market. Meanwhile, traders will also continue to keep track on the crude oil inventories later today. In the commodities market, Brent crude oil ended slightly lower at USD73.26 per barrel. Gold prices traded flat around USD2,630, while CPO prices continued to stay above the RM4,500 mark.
Sector Focus: With the proposed electricity tariff hike by TNB starting July next year, traders may find trading opportunities in the Utilities sector. On top of that, as TNB was being shortlisted to develop a 500MW solar plant in Kedah under the LSS5 programme, along with the government's recent removal of the 85% demand cap under the self-consumption (SelCo) programme, it presents further upside opportunities in the solar-related counters. Finally, improved employment data in the US, which might lead to Fed to remain its hawkish tone, is likely to benefit the local Technology stocks.
Stocks to watch:
Technology: *EG*, *JCY*, *NATGATE*, NOTION
Building Material/ Utility: JTGROUP, MNHLDG, *SCGBHD*, SMRT, *UUE*
Construction: MITRA
Finance: OSK
Source: M+
BursaKakis Channel 👣
21 Nov, 09:13
M+ Market Wrap - 21Nov24
FBM KLCI: 1,588.68 pts (-9.50pts, -0.59%)
Following NVIDIA’s slower revenue growth expectations, the FBMKLCI (-0.59%) continued to extend its losses for the third consecutive day. The index closed lower at 1588.68, dragged down by TENAGA (-50.0 sen) and YTL (-13.0 sen). Escalating conflict between Ukraine-Russia have also weighed on the local market's sentiment. The market breadth was negative, with 675 losers against 371 winners. In the broader market, Industrial Products & Services (+0.63%) sector gained the most, led by PCHEM (+26.0 sen) and SUNWAY (+7.0 sen), while the Utilities (-1.75%) sector saw the largest decline.
Top 3 Active stocks:
ZENTECH (0094): RM0.015 (+0.5 sen)
MYEG (0138): RM0.910 (+3.0 sen)
VS (6963): RM1.05 (-4.0 sen)
Volume: 3.44 bn (100-bar avg vol: 3.62 bn)
Value: RM2.50 bn (100-bar avg val: RM3.15 bn)
Market Breadth: ⬆️371 ⬇️675
Crude palm oil: RM4,746 (-RM69)
Dow Futures: 43,464 pts (-52 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,588.68 pts (-9.50pts, -0.59%)
Following NVIDIA’s slower revenue growth expectations, the FBMKLCI (-0.59%) continued to extend its losses for the third consecutive day. The index closed lower at 1588.68, dragged down by TENAGA (-50.0 sen) and YTL (-13.0 sen). Escalating conflict between Ukraine-Russia have also weighed on the local market's sentiment. The market breadth was negative, with 675 losers against 371 winners. In the broader market, Industrial Products & Services (+0.63%) sector gained the most, led by PCHEM (+26.0 sen) and SUNWAY (+7.0 sen), while the Utilities (-1.75%) sector saw the largest decline.
Top 3 Active stocks:
ZENTECH (0094): RM0.015 (+0.5 sen)
MYEG (0138): RM0.910 (+3.0 sen)
VS (6963): RM1.05 (-4.0 sen)
Volume: 3.44 bn (100-bar avg vol: 3.62 bn)
Value: RM2.50 bn (100-bar avg val: RM3.15 bn)
Market Breadth: ⬆️371 ⬇️675
Crude palm oil: RM4,746 (-RM69)
Dow Futures: 43,464 pts (-52 pts)
**Source: Bloomberg, M+**
BursaKakis Channel 👣
21 Nov, 05:33
Bursa Malaysia Midday Recap: Sideways Consolidation Continues
The FBM KLCI rebounded back into the green towards midday as heavy weight industrial and banking counters supported the index. Broad market continues to remain on the side of the bears, but the industrial index stood out positively. Within the space, PCHEM outperformed despite its recent earnings announcement, while SUNWAY continues to tear higher. Overall market trade volume saw a spike compared to yesterday’s midday break.
Following some observations within the glove space yesterday, a couple of glove related counters were picked up by our technical analysts today. For investors looking to trade the sector, consider checking out TOPGLOV (Estimated Resistance: MYR1.38; Stop Loss: MYR1.07) and KOSSAN (Estimated Resistance: MYR2.92; Stop Loss: MYR2.29) as potential trade ideas. More info in today’s Traders’ Almanac video.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI rebounded back into the green towards midday as heavy weight industrial and banking counters supported the index. Broad market continues to remain on the side of the bears, but the industrial index stood out positively. Within the space, PCHEM outperformed despite its recent earnings announcement, while SUNWAY continues to tear higher. Overall market trade volume saw a spike compared to yesterday’s midday break.
Following some observations within the glove space yesterday, a couple of glove related counters were picked up by our technical analysts today. For investors looking to trade the sector, consider checking out TOPGLOV (Estimated Resistance: MYR1.38; Stop Loss: MYR1.07) and KOSSAN (Estimated Resistance: MYR2.92; Stop Loss: MYR2.29) as potential trade ideas. More info in today’s Traders’ Almanac video.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
BursaKakis Channel 👣
21 Nov, 00:53
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
21 Nov 2024
Download report here: https://tinyurl.com/yfyb4fau
*HARTA (5168)*: Shariah Compliant
Outlook: Breakout MYR3.50
Resistance: MYR3.80, MYR4.10
Support: MYR3.30
(time frame: 2-4 weeks)
*SCGBHD (0225)*: Shariah Compliant
Outlook: Breakout MYR0.98.
Resistance: MYR1.05, MYR1.12
Support: MYR0.90
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
21 Nov 2024
Download report here: https://tinyurl.com/yfyb4fau
*HARTA (5168)*: Shariah Compliant
Outlook: Breakout MYR3.50
Resistance: MYR3.80, MYR4.10
Support: MYR3.30
(time frame: 2-4 weeks)
*SCGBHD (0225)*: Shariah Compliant
Outlook: Breakout MYR0.98.
Resistance: MYR1.05, MYR1.12
Support: MYR0.90
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
BursaKakis Channel 👣
21 Nov, 00:45
Maybank IBG Traders’ Almanac
(21 Nov 2024) - External headwinds weigh down the market
Technical Trading Ideas💡for today:
1️⃣ CAPITAL A BHD – 5099 (S)
2️⃣ TOP GLOVE CORPORATION – 7113 (S)
3️⃣ KOSSAN RUBBER – 7153 (S)
4️⃣ CPO FUTURES (CP: MYR 4,815)
5️⃣ KLCI INDEX FUTURES (CP: 1,595.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(21 Nov 2024) - External headwinds weigh down the market
Technical Trading Ideas💡for today:
1️⃣ CAPITAL A BHD – 5099 (S)
2️⃣ TOP GLOVE CORPORATION – 7113 (S)
3️⃣ KOSSAN RUBBER – 7153 (S)
4️⃣ CPO FUTURES (CP: MYR 4,815)
5️⃣ KLCI INDEX FUTURES (CP: 1,595.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
BursaKakis Channel 👣
21 Nov, 00:02
UOBKH Retail Market Monitor
21 November 2024
FBMKLCI: 1,598.18 (-4.16)
Support: 1,590, 1,575
Resistance: 1,635, 1,662
**Bursa Top Gainers:* *
CDB (+3.8%), SIME (+3.1%), AXIATA (+1.3%)
Bursa Top Losers:
YTL (-2.0%), PPB (-1.4%), MAYBANK (-1.2%)
Bursa Trade Statistics
Local Institutions (46.96%): RM78.25m
Local Retail (19.15%): -RM31.16m
Foreign (33.89%): -RM47.09m
Global Equity Indexes
MSCI Asia : 182.75 (-1.21, -0.66%)
NASDAQ : 18,966.14 (-21.33, -0.11%)
S&P500 : 5,917.11 (+0.13, +0.00%)
DJIA : 43,408.47 (+139.53, +0.32%)
USD/MYR : 4.4713 (-0.0014)
SGD/MYR : 3.3304 (-0.0061)
Crude Oil : $68.87 (-0.52)
Gold : $2,654.50 (+2.80)
US stocks were mixed after the close on Wednesday, as gains in the Healthcare, Oil & Gas and Telecoms sectors led shares higher while losses in the Financials, Technology and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average gained 0.32%, while the S&P 500 index gained 0.00%, and the NASDAQ Composite index fell 0.11%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,459 to 1,322 and 110 ended unchanged; on the Nasdaq Stock Exchange, 1,681 fell and 1,595 advanced, while 139 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) AEMULUS (KLSE: 0181)
Technical BUY on breakout (0.275) with +25.5% potential return
* Last: RM0.25 TP: RM0.325, RM0.345 SL: RM0.23
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CENGILD (KLSE: 0243)
Technical BUY with +22.2% potential return
* Last: RM0.27 TP: RM0.315, RM0.33 SL: RM0.235
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) PANDA (KLSE: 0290)
Technical BUY with +29.0% potential return
* Last: RM0.345 TP: RM0.395, RM0.445 SL: RM0.295
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
21 November 2024
FBMKLCI: 1,598.18 (-4.16)
Support: 1,590, 1,575
Resistance: 1,635, 1,662
**Bursa Top Gainers:* *
CDB (+3.8%), SIME (+3.1%), AXIATA (+1.3%)
Bursa Top Losers:
YTL (-2.0%), PPB (-1.4%), MAYBANK (-1.2%)
Bursa Trade Statistics
Local Institutions (46.96%): RM78.25m
Local Retail (19.15%): -RM31.16m
Foreign (33.89%): -RM47.09m
Global Equity Indexes
MSCI Asia : 182.75 (-1.21, -0.66%)
NASDAQ : 18,966.14 (-21.33, -0.11%)
S&P500 : 5,917.11 (+0.13, +0.00%)
DJIA : 43,408.47 (+139.53, +0.32%)
USD/MYR : 4.4713 (-0.0014)
SGD/MYR : 3.3304 (-0.0061)
Crude Oil : $68.87 (-0.52)
Gold : $2,654.50 (+2.80)
US stocks were mixed after the close on Wednesday, as gains in the Healthcare, Oil & Gas and Telecoms sectors led shares higher while losses in the Financials, Technology and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average gained 0.32%, while the S&P 500 index gained 0.00%, and the NASDAQ Composite index fell 0.11%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,459 to 1,322 and 110 ended unchanged; on the Nasdaq Stock Exchange, 1,681 fell and 1,595 advanced, while 139 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) AEMULUS (KLSE: 0181)
Technical BUY on breakout (0.275) with +25.5% potential return
* Last: RM0.25 TP: RM0.325, RM0.345 SL: RM0.23
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CENGILD (KLSE: 0243)
Technical BUY with +22.2% potential return
* Last: RM0.27 TP: RM0.315, RM0.33 SL: RM0.235
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) PANDA (KLSE: 0290)
Technical BUY with +29.0% potential return
* Last: RM0.345 TP: RM0.395, RM0.445 SL: RM0.295
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
BursaKakis Channel 👣
20 Nov, 23:57
⭐️Technical tracker ⭐️- HLIB Retail Research - 21 Nov 2024
KOSSAN : A breakout?
Investor interest in glove stocks has reignited following the USTR's announcement of steep tariff hikes. The election of Donald Trump as the 47th President of the US, with his hard-line stance against China, could accelerate the shift of US importers' orders to Malaysian manufacturers.
Collection range: RM2.28-2.32-2.46
Upside targets: RM2.65-2.72-2.83
Cut loss:RM2.23
Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl
Disclaimer: www.hlebroking.com/v3/disclaimer.asp
KOSSAN : A breakout?
Investor interest in glove stocks has reignited following the USTR's announcement of steep tariff hikes. The election of Donald Trump as the 47th President of the US, with his hard-line stance against China, could accelerate the shift of US importers' orders to Malaysian manufacturers.
Collection range: RM2.28-2.32-2.46
Upside targets: RM2.65-2.72-2.83
Cut loss:RM2.23
Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl
Disclaimer: www.hlebroking.com/v3/disclaimer.asp
BursaKakis Channel 👣
20 Nov, 23:54
*Trading Stocks today:*
For *Trendspotter*, please click on this link: < https://tinyurl.com/3cc954m2 > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Gamuda (5398)* (RM9.08): Technical Buy
Targets: RM9.50, RM9.90
Stop: RM8.63
*Eastern and Oriental (3417)* (RM0.965): Technical Buy
Targets: RM1.01, RM1.06
Stop: RM0.90
*Fundamental Report(s):*
*Dialog Group Bhd* - New Petronas biorefinery to benefit Dialog (Maintain Add with a lower TP of RM2.61) https://tinyurl.com/2bhmy6u4
*Hap Seng Plantations* - Results above expectations (Maintain Add with a TP of RM2.25) https://tinyurl.com/2jw2x9mp
*HSS Engineers* - A solid quarter driven by Baghdad metro (Maintain Add with a TP of RM1.48) https://tinyurl.com/4x7txp3h
*SD Guthrie Bhd* - Results in line (Maintain Add with a TP of RM5.20) https://tinyurl.com/y9rcy3az
*Sime Darby Property Berhad* - 9MFY24 results came in within expectations (Maintain Add with a TP of RM1.94) https://tinyurl.com/4js2ndf9
Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my
*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.
For *Trendspotter*, please click on this link: < https://tinyurl.com/3cc954m2 > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Gamuda (5398)* (RM9.08): Technical Buy
Targets: RM9.50, RM9.90
Stop: RM8.63
*Eastern and Oriental (3417)* (RM0.965): Technical Buy
Targets: RM1.01, RM1.06
Stop: RM0.90
*Fundamental Report(s):*
*Dialog Group Bhd* - New Petronas biorefinery to benefit Dialog (Maintain Add with a lower TP of RM2.61) https://tinyurl.com/2bhmy6u4
*Hap Seng Plantations* - Results above expectations (Maintain Add with a TP of RM2.25) https://tinyurl.com/2jw2x9mp
*HSS Engineers* - A solid quarter driven by Baghdad metro (Maintain Add with a TP of RM1.48) https://tinyurl.com/4x7txp3h
*SD Guthrie Bhd* - Results in line (Maintain Add with a TP of RM5.20) https://tinyurl.com/y9rcy3az
*Sime Darby Property Berhad* - 9MFY24 results came in within expectations (Maintain Add with a TP of RM1.94) https://tinyurl.com/4js2ndf9
Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my
*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.
BursaKakis Channel 👣
20 Nov, 23:54
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+
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+
BursaKakis Channel 👣
20 Nov, 22:04
https://www.cnbc.com/2024/11/19/stock-market-today-live-updates.html
BursaKakis Channel 👣
20 Nov, 09:33
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+**
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+**
BursaKakis Channel 👣
20 Nov, 06:48
https://www.thestar.com.my/business/business-news/2024/11/20/infoline-tec-to-be-transferred-to-main-market
BursaKakis Channel 👣
20 Nov, 06:47
https://www.thestar.com.my/business/business-news/2024/11/20/petronas-chemicals-hit-by-forex-losses-at-pengerang-joint-venture
BursaKakis Channel 👣
20 Nov, 06:44
https://www.thestar.com.my/business/business-news/2024/11/20/reservoir-link-energy-appointed-petronas-panel-contractor
BursaKakis Channel 👣
20 Nov, 06:44
https://www.thestar.com.my/business/business-news/2024/11/20/hss-engineers039-3q-net-profit-jumps-to-rm723mil
BursaKakis Channel 👣
20 Nov, 06:24
Bursa Malaysia Midday Recap: Market Jitters Return
The FBM KLCI experienced some weakness today as the escalation of the Russia-Ukraine conflict overshadowed NVIDIA’s earnings early tomorrow morning. Laggards outpaced gainers in the broad market as well. The telco & media sector index was carried today by CDB, as the counter printed another green candle for a 3rd straight day. Meanwhile health care was held up by HARTA, KOSSAN & TOPGLOV pushing higher from their Aug/Sep lows.
As stocks within the gloves space continue to grind higher, investors bullish on the sector’s outlook may want to consider checking out HARTA (Target price: MYR4.31) as a potential trade idea. Our analysts see the counter as the primary beneficiary of higher tariffs imposed by the US on China glove makers. For more info on the stock, check out our latest HARTA report on your Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI experienced some weakness today as the escalation of the Russia-Ukraine conflict overshadowed NVIDIA’s earnings early tomorrow morning. Laggards outpaced gainers in the broad market as well. The telco & media sector index was carried today by CDB, as the counter printed another green candle for a 3rd straight day. Meanwhile health care was held up by HARTA, KOSSAN & TOPGLOV pushing higher from their Aug/Sep lows.
As stocks within the gloves space continue to grind higher, investors bullish on the sector’s outlook may want to consider checking out HARTA (Target price: MYR4.31) as a potential trade idea. Our analysts see the counter as the primary beneficiary of higher tariffs imposed by the US on China glove makers. For more info on the stock, check out our latest HARTA report on your Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
BursaKakis Channel 👣
20 Nov, 00:40
Maybank IBG Traders’ Almanac
(20 Nov 2024) - Weighed by Russia-Ukraine war
Technical Trading Ideas💡for today:
1️⃣ EVERSENDAI CORPORATION – 5205 (S)
2️⃣ VESTLAND – 0273 (S)
3️⃣ NATIONGATE – 0270 (S)
4️⃣ CPO FUTURES (CP: MYR 4,924)
5️⃣ KLCI INDEX FUTURES (CP: 1,604.50)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(20 Nov 2024) - Weighed by Russia-Ukraine war
Technical Trading Ideas💡for today:
1️⃣ EVERSENDAI CORPORATION – 5205 (S)
2️⃣ VESTLAND – 0273 (S)
3️⃣ NATIONGATE – 0270 (S)
4️⃣ CPO FUTURES (CP: MYR 4,924)
5️⃣ KLCI INDEX FUTURES (CP: 1,604.50)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
BursaKakis Channel 👣
20 Nov, 00:40
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
20 Nov 2024
Download report here: https://tinyurl.com/4y4snmcy
*AAX (5238)*: Shariah Compliant
Outlook: Pending Breakout MYR2
Resistance: MYR2.15, MYR2.30
Support: MYR1.85
(time frame: 2-4 weeks)
*TOPGLOV (7113)*: Shariah Compliant
Outlook: Breakout MYR1.10
Resistance: MYR1.18, MYR1.24
Support: MYR1.05
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
20 Nov 2024
Download report here: https://tinyurl.com/4y4snmcy
*AAX (5238)*: Shariah Compliant
Outlook: Pending Breakout MYR2
Resistance: MYR2.15, MYR2.30
Support: MYR1.85
(time frame: 2-4 weeks)
*TOPGLOV (7113)*: Shariah Compliant
Outlook: Breakout MYR1.10
Resistance: MYR1.18, MYR1.24
Support: MYR1.05
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
BursaKakis Channel 👣
20 Nov, 00:34
*Trading Stocks today:*
For *Trendspotter*, please click on this link: < https://tinyurl.com/yc7ajxn3 > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*ITMAX System (5309)* (RM3.56): Technical Buy
Targets: RM3.86, RM4.00
Stop: RM3.32
*Kerjaya Prospek Group (7161)* (RM2.12): Technical Buy
Targets: RM2.19, RM2.37
Stop: RM1.93
*Fundamental Report(s):*
*Economics Update* - Decent progress hides major risk ahead https://tinyurl.com/44snd4ww
Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my
*20th 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.
For *Trendspotter*, please click on this link: < https://tinyurl.com/yc7ajxn3 > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*ITMAX System (5309)* (RM3.56): Technical Buy
Targets: RM3.86, RM4.00
Stop: RM3.32
*Kerjaya Prospek Group (7161)* (RM2.12): Technical Buy
Targets: RM2.19, RM2.37
Stop: RM1.93
*Fundamental Report(s):*
*Economics Update* - Decent progress hides major risk ahead https://tinyurl.com/44snd4ww
Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my
*20th 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.
BursaKakis Channel 👣
20 Nov, 00:10
M+ Market update – 20Nov24
Attention Turns to Corporate Earnings
The FBMKLCI posted a small decline due to a last-minute selldown amid profit-taking activities in banking heavyweights. In the US, geopolitical headlines related to Ukraine initially exerted selling pressure on equities, but stocks quickly rebounded and ended the day higher as investors anticipate NVIDIA’s earnings announcement tomorrow. Besides, traders will monitor several key events, including: (i) China’s loan prime rate decisions, (ii) UK’s October CPI, (iii) US crude oil inventory levels, and (iv) initial jobless claims in the US. In the commodities market, Brent crude oil traded around USD73 following news from the International Atomic Energy Agency that Iran agreed to halt the production of near bomb-grade uranium, albeit geopolitical tensions remain elevated. Gold prices surged past the USD2,600 mark, while CPO prices rebounded near the RM5,000 psychological level.
Sector Focus: With the USD remaining elevated, coupled with potential tariffs from the Trump administration, we remain optimistic about local export-oriented segments, particularly Technology and Glove. Meanwhile, we favour the Construction, Property, and Building Materials sectors, supported by increased data center investments that could drive earnings momentum this season. In the tourism sector, we see rising momentum in both AAX and CAPITALA.
Stocks to watch:
Construction: *INTA*, KERJAYA, SENDAI
Aviation: *AAX*, CAPITALA
Property: E&O, *VLB*
Technology: ITMAX, VSTECS
Consumer: *HUPSENG*
Building Material: *UNIQUE*
Utilities: RANHILL
Finance: BIMB
Source: M+
Attention Turns to Corporate Earnings
The FBMKLCI posted a small decline due to a last-minute selldown amid profit-taking activities in banking heavyweights. In the US, geopolitical headlines related to Ukraine initially exerted selling pressure on equities, but stocks quickly rebounded and ended the day higher as investors anticipate NVIDIA’s earnings announcement tomorrow. Besides, traders will monitor several key events, including: (i) China’s loan prime rate decisions, (ii) UK’s October CPI, (iii) US crude oil inventory levels, and (iv) initial jobless claims in the US. In the commodities market, Brent crude oil traded around USD73 following news from the International Atomic Energy Agency that Iran agreed to halt the production of near bomb-grade uranium, albeit geopolitical tensions remain elevated. Gold prices surged past the USD2,600 mark, while CPO prices rebounded near the RM5,000 psychological level.
Sector Focus: With the USD remaining elevated, coupled with potential tariffs from the Trump administration, we remain optimistic about local export-oriented segments, particularly Technology and Glove. Meanwhile, we favour the Construction, Property, and Building Materials sectors, supported by increased data center investments that could drive earnings momentum this season. In the tourism sector, we see rising momentum in both AAX and CAPITALA.
Stocks to watch:
Construction: *INTA*, KERJAYA, SENDAI
Aviation: *AAX*, CAPITALA
Property: E&O, *VLB*
Technology: ITMAX, VSTECS
Consumer: *HUPSENG*
Building Material: *UNIQUE*
Utilities: RANHILL
Finance: BIMB
Source: M+
BursaKakis Channel 👣
19 Nov, 23:49
⭐️Technical tracker ⭐️- HLIB Retail Research - 20 Nov 2024
UUE : Pending breakout
With a strong track record in executing Tenaga projects as a subcontractor, UUE is well-positioned to capitalize on the anticipated increase in T&D investments during the upcoming RP4. UUE distinguishes itself from other listed peers through its exposure to the Singapore market and its in-house HDPE pipe manufacturing capabilities.
Collection range: RM0.70-0.73-0.76
Upside targets: RM0.84-0.88-0.94
Cut loss:RM0.67
Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl
Disclaimer: www.hlebroking.com/v3/disclaimer.asp
UUE : Pending breakout
With a strong track record in executing Tenaga projects as a subcontractor, UUE is well-positioned to capitalize on the anticipated increase in T&D investments during the upcoming RP4. UUE distinguishes itself from other listed peers through its exposure to the Singapore market and its in-house HDPE pipe manufacturing capabilities.
Collection range: RM0.70-0.73-0.76
Upside targets: RM0.84-0.88-0.94
Cut loss:RM0.67
Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl
Disclaimer: www.hlebroking.com/v3/disclaimer.asp
BursaKakis Channel 👣
19 Nov, 23:46
UOBKH Retail Market Monitor
20 November 2024
FBMKLCI: 1,602.34 (-1.70)
Support: 1,590, 1,575
Resistance: 1,635, 1,662
Bursa Top Gainers:
SUNWAY (+2.8%), MAXIS (+2.2%), GENTING (+1.9%)
Bursa Top Losers:
PMETAL (-1.7%), PBBANK (-1.3%), IOICORP (-1.3%)
Bursa Trade Statistics
Local Institutions (40.47%): -RM19.55m
Local Retail (19.30%): -RM46.78m
Foreign (40.23%): RM66.33m
Global Equity Indexes
MSCI Asia : 183.96 (+1.78, +0.98%)
NASDAQ : 18,987.47 (+195.66, +1.04%)
S&P500 : 5,916.98 (+23.36, +0.40%)
DJIA : 43,268.94 (-120.66, -0.28%)
USD/MYR : 4.4727 (+0.0027)
SGD/MYR : 3.3365 (-0.0017)
Crude Oil : $69.39 (+0.23)
Gold : $2,636.70(+0.22)
US stocks were mixed after the close on Tuesday, as gains in the Technology, Utilities and Consumer Services sectors led shares higher while losses in the Telecoms, Oil & Gas and Financials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.28%, while the S&P 500 index climbed 0.40%, and the NASDAQ Composite index climbed 1.02%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,424 to 1,388 and 81 ended unchanged; on the Nasdaq Stock Exchange, 1,783 rose and 1,484 declined, while 159 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) INTA (KLSE: 0192)
Technical BUY on breakout (0.475) with +14.7% potential return
* Last: RM0.47 TP: RM0.525, RM0.545 SL: RM0.43
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) SENDAI (KLSE: 5205)
Technical BUY with +31.9% potential return
* Last: RM0.565 TP: RM0.655, RM0.745 SL: RM0.475
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) SFPTECH (KLSE: 0251)
Technical BUY with +24.4% potential return
* Last: RM0.655 TP: RM0.745, RM0.815 SL: RM0.585
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
20 November 2024
FBMKLCI: 1,602.34 (-1.70)
Support: 1,590, 1,575
Resistance: 1,635, 1,662
Bursa Top Gainers:
SUNWAY (+2.8%), MAXIS (+2.2%), GENTING (+1.9%)
Bursa Top Losers:
PMETAL (-1.7%), PBBANK (-1.3%), IOICORP (-1.3%)
Bursa Trade Statistics
Local Institutions (40.47%): -RM19.55m
Local Retail (19.30%): -RM46.78m
Foreign (40.23%): RM66.33m
Global Equity Indexes
MSCI Asia : 183.96 (+1.78, +0.98%)
NASDAQ : 18,987.47 (+195.66, +1.04%)
S&P500 : 5,916.98 (+23.36, +0.40%)
DJIA : 43,268.94 (-120.66, -0.28%)
USD/MYR : 4.4727 (+0.0027)
SGD/MYR : 3.3365 (-0.0017)
Crude Oil : $69.39 (+0.23)
Gold : $2,636.70(+0.22)
US stocks were mixed after the close on Tuesday, as gains in the Technology, Utilities and Consumer Services sectors led shares higher while losses in the Telecoms, Oil & Gas and Financials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.28%, while the S&P 500 index climbed 0.40%, and the NASDAQ Composite index climbed 1.02%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,424 to 1,388 and 81 ended unchanged; on the Nasdaq Stock Exchange, 1,783 rose and 1,484 declined, while 159 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) INTA (KLSE: 0192)
Technical BUY on breakout (0.475) with +14.7% potential return
* Last: RM0.47 TP: RM0.525, RM0.545 SL: RM0.43
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) SENDAI (KLSE: 5205)
Technical BUY with +31.9% potential return
* Last: RM0.565 TP: RM0.655, RM0.745 SL: RM0.475
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) SFPTECH (KLSE: 0251)
Technical BUY with +24.4% potential return
* Last: RM0.655 TP: RM0.745, RM0.815 SL: RM0.585
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
BursaKakis Channel 👣
19 Nov, 22:48
https://www.cnbc.com/2024/11/18/stock-market-today-live-updates.html
BursaKakis Channel 👣
19 Nov, 13:29
https://www.thestar.com.my/business/business-news/2024/11/19/malayan-flour-mills-9m24-net-profit-jumps-961-to-rm641mil
BursaKakis Channel 👣
19 Nov, 13:29
https://www.thestar.com.my/business/business-news/2024/11/19/eden-inc-bags-rm20mil-health-ministry-contract
BursaKakis Channel 👣
19 Nov, 09:33
M+ Market Wrap - 19Nov24
FBM KLCI: 1,602.34 pts (-1.70pts, -0.11%)
Following slower trade growth in October due to softer trade with China, the FBMKLCI (-0.11%) experienced a marginal decline to close at 1602.34, dragged down by key heavyweights including MAYBANK (-10.0 sen) and PBBANK (-6.0 sen). However, the FBMKLCI managed to close above the 1600 psychological level. The market breadth is positive, with 565 winners against 438 losers. In the broader market, the Health Care (+1.01%) sector performed the best, led by IHH (+4.0 sen) and TOPGLOV (+3.0 sen), while the Plantation (-0.53%) sector saw the largest decline.
Top 3 Active stocks:
CLASSITA (7154): RM0.065 (unch)
CEB (5311): RM0.385 (+0.5 sen)
AIZO (7219): RM0.145 (unch)
Volume: 2.83 bn (100-bar avg vol: 3.64 bn)
Value: RM2.08 bn (100-bar avg val: RM3.16 bn)
Market Breadth: ⬆️565 ⬇️438
Crude palm oil: RM4,900 (+RM1)
Dow Futures: 43,473 pts (-67 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,602.34 pts (-1.70pts, -0.11%)
Following slower trade growth in October due to softer trade with China, the FBMKLCI (-0.11%) experienced a marginal decline to close at 1602.34, dragged down by key heavyweights including MAYBANK (-10.0 sen) and PBBANK (-6.0 sen). However, the FBMKLCI managed to close above the 1600 psychological level. The market breadth is positive, with 565 winners against 438 losers. In the broader market, the Health Care (+1.01%) sector performed the best, led by IHH (+4.0 sen) and TOPGLOV (+3.0 sen), while the Plantation (-0.53%) sector saw the largest decline.
Top 3 Active stocks:
CLASSITA (7154): RM0.065 (unch)
CEB (5311): RM0.385 (+0.5 sen)
AIZO (7219): RM0.145 (unch)
Volume: 2.83 bn (100-bar avg vol: 3.64 bn)
Value: RM2.08 bn (100-bar avg val: RM3.16 bn)
Market Breadth: ⬆️565 ⬇️438
Crude palm oil: RM4,900 (+RM1)
Dow Futures: 43,473 pts (-67 pts)
**Source: Bloomberg, M+**
BursaKakis Channel 👣
16 Nov, 00:25
https://www.cnbc.com/2024/11/14/stock-market-today-live-updates.html
BursaKakis Channel 👣
15 Nov, 13:14
https://www.thestar.com.my/business/business-news/2024/11/15/bahvest-proposes-name-change-to-aumas-resources
BursaKakis Channel 👣
15 Nov, 13:14
https://www.thestar.com.my/business/business-news/2024/11/15/mudajaya-wins-rm4134mil-construction-contract-in-kuching
BursaKakis Channel 👣
15 Nov, 09:26
M+ Market Wrap - 15Nov24
FBM KLCI: 1,592.44 pts (-8.24pts, -0.51%)
The FBMKLCI (-0.51%) slid as Consumer Products & Services heavyweights, notably MRDIY (-28.0 sen) contributed to selling pressure on the local bourse; the decline was mainly due to softer earnings, amid the absence of the festive season and the removal of diesel subsidies, which weighed down consumer sentiment. In line with economists’ estimates, Malaysia’s GDP grew by 5.3% YoY, reflecting robust domestic investments, higher exports, and expansion in consumer spending. Market breadth was negative, with 577 losers compared to 389 gainers. On the broader market, Property (+0.49%) gained the most, led by ECOWLD (+5.0 sen) and IOIPG (+2.0 sen).
Top 3 Active stocks:
METRO (0329): RM0.255 (+0.5 sen)
ARMADA (5210): RM0.535 (+3.5 sen)
MRDIY (5296): RM1.820 (-28.0 sen)
Volume: 2.71 bn (100-bar avg vol: 3.67 bn)
Value: RM2.66 bn (100-bar avg val: RM3.18 bn)
Market Breadth: ⬆️389 ⬇️577
Crude palm oil: RM5,039 (+RM75)
Dow Futures: 43,721 pts (-180 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,592.44 pts (-8.24pts, -0.51%)
The FBMKLCI (-0.51%) slid as Consumer Products & Services heavyweights, notably MRDIY (-28.0 sen) contributed to selling pressure on the local bourse; the decline was mainly due to softer earnings, amid the absence of the festive season and the removal of diesel subsidies, which weighed down consumer sentiment. In line with economists’ estimates, Malaysia’s GDP grew by 5.3% YoY, reflecting robust domestic investments, higher exports, and expansion in consumer spending. Market breadth was negative, with 577 losers compared to 389 gainers. On the broader market, Property (+0.49%) gained the most, led by ECOWLD (+5.0 sen) and IOIPG (+2.0 sen).
Top 3 Active stocks:
METRO (0329): RM0.255 (+0.5 sen)
ARMADA (5210): RM0.535 (+3.5 sen)
MRDIY (5296): RM1.820 (-28.0 sen)
Volume: 2.71 bn (100-bar avg vol: 3.67 bn)
Value: RM2.66 bn (100-bar avg val: RM3.18 bn)
Market Breadth: ⬆️389 ⬇️577
Crude palm oil: RM5,039 (+RM75)
Dow Futures: 43,721 pts (-180 pts)
**Source: Bloomberg, M+**
BursaKakis Channel 👣
15 Nov, 05:08
Bursa Malaysia Midday Recap: Powell Sparks Caution
The FBM KLCI fell back below the psychological 1,600 level today after last night’s US PPI print prompted expectations of no potential US Fed rate cut in December. The broad market sang the same tune with bears in control. A positive within the construction sector, IJM clocked in a 2% gain potentially on prospects of a RM6bil flood tunnel job with GAMUDA. Defensive sectors (Financials and REITs) continued to hold steady after the recent drop.
After the recent pullback in the financial sector, investors who were previously looking to enter might want to consider some of our analysts’s buy rated picks like ABMB (Target Price: MYR 5.30; FY25E Dividend Yield: 5.2%). Our analysts recently upgraded the stock to a buy rating on a higher CY25E price-to-book valuation. For more info, check out the full report on your Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI fell back below the psychological 1,600 level today after last night’s US PPI print prompted expectations of no potential US Fed rate cut in December. The broad market sang the same tune with bears in control. A positive within the construction sector, IJM clocked in a 2% gain potentially on prospects of a RM6bil flood tunnel job with GAMUDA. Defensive sectors (Financials and REITs) continued to hold steady after the recent drop.
After the recent pullback in the financial sector, investors who were previously looking to enter might want to consider some of our analysts’s buy rated picks like ABMB (Target Price: MYR 5.30; FY25E Dividend Yield: 5.2%). Our analysts recently upgraded the stock to a buy rating on a higher CY25E price-to-book valuation. For more info, check out the full report on your Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
BursaKakis Channel 👣
15 Nov, 00:49
Maybank IBG Traders’ Almanac
(15 Nov 2024) - KLCI at the 1,600 psychological level
Technical Trading Ideas💡for today:
1️⃣ SOUTHERN CABLE – 0225 (S)
2️⃣ GENETEC TECHNOLOGY – 0104 (S)
3️⃣ JCY INTERNATIONAL – 5161 (S)
4️⃣ CPO FUTURES (CP: MYR 4,949)
5️⃣ KLCI INDEX FUTURES (CP: 1,599.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(15 Nov 2024) - KLCI at the 1,600 psychological level
Technical Trading Ideas💡for today:
1️⃣ SOUTHERN CABLE – 0225 (S)
2️⃣ GENETEC TECHNOLOGY – 0104 (S)
3️⃣ JCY INTERNATIONAL – 5161 (S)
4️⃣ CPO FUTURES (CP: MYR 4,949)
5️⃣ KLCI INDEX FUTURES (CP: 1,599.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
BursaKakis Channel 👣
15 Nov, 00:27
UOBKH Retail Market Monitor
15 November 2024
FBMKLCI: 1,600.68 (-10.82)
Support: 1,600, 1,575
Resistance: 1,662, 1,685
Bursa Top Gainers:
CDB (+1.8%), QL (+0.62%), KLK (+0.54%)
Bursa Top Losers:
PMETAL (-4.1%), SDG (-3.2%), MAXIS (-3.0%)
Bursa Trade Statistics
Local Institutions (44.47%): RM49.47m
Local Retail (17.98%): RM18.13 m
Foreign (37.55%): -RM67.61m
Global Equity Indexes
MSCI Asia : 181.34 (-1.39, -0.76%)
NASDAQ : 19,107.65 (-123.07, -0.64%)
S&P500 : 5,949.17 (-36.21, -0.61%)
DJIA : 43,750.86 (-207.33, -0.47%)
USD/MYR : 4.4838 (0.0146)
SGD/MYR : 3.3308 (+0.0031)
Crude Oil : 68.62 (+0.53)
Gold : 2,566.66 (-7.52)
US stocks were lower after the close on Thursday, as losses in the Industrials, Healthcare and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.47%, while the S&P 500 index lost 0.61%, and the NASDAQ Composite index fell 0.63%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,756 to 1,049 and 83 ended unchanged; on the Nasdaq Stock Exchange, 2,252 fell and 1075 advanced, while 108 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) CEB (KLSE: 5311)
Technical BUY on breakout (RM0.405) with +43.2% potential return
** Last: RM0.38 TP: RM0.525, RM0.58 SL: RM0.295
** Timeframe: 2 weeks to 2 months
** Shariah: NO
2) MHB (KLSE: 5186)
Technical BUY on breakout (RM0.455) with +19.8% potential return
** Last: RM0.44 TP: RM0.52, RM0.545 SL: RM0.42
** Timeframe: 2 weeks to 2 months
** Shariah: YES
3) PANTECH (KLSE: 5125)
Technical BUY with +12.4% potential return
** Last: RM0.97 TP: RM1.04, RM1.09 SL: RM0.895
** Timeframe: 2 weeks to 2 months
** Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
15 November 2024
FBMKLCI: 1,600.68 (-10.82)
Support: 1,600, 1,575
Resistance: 1,662, 1,685
Bursa Top Gainers:
CDB (+1.8%), QL (+0.62%), KLK (+0.54%)
Bursa Top Losers:
PMETAL (-4.1%), SDG (-3.2%), MAXIS (-3.0%)
Bursa Trade Statistics
Local Institutions (44.47%): RM49.47m
Local Retail (17.98%): RM18.13 m
Foreign (37.55%): -RM67.61m
Global Equity Indexes
MSCI Asia : 181.34 (-1.39, -0.76%)
NASDAQ : 19,107.65 (-123.07, -0.64%)
S&P500 : 5,949.17 (-36.21, -0.61%)
DJIA : 43,750.86 (-207.33, -0.47%)
USD/MYR : 4.4838 (0.0146)
SGD/MYR : 3.3308 (+0.0031)
Crude Oil : 68.62 (+0.53)
Gold : 2,566.66 (-7.52)
US stocks were lower after the close on Thursday, as losses in the Industrials, Healthcare and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.47%, while the S&P 500 index lost 0.61%, and the NASDAQ Composite index fell 0.63%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,756 to 1,049 and 83 ended unchanged; on the Nasdaq Stock Exchange, 2,252 fell and 1075 advanced, while 108 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) CEB (KLSE: 5311)
Technical BUY on breakout (RM0.405) with +43.2% potential return
** Last: RM0.38 TP: RM0.525, RM0.58 SL: RM0.295
** Timeframe: 2 weeks to 2 months
** Shariah: NO
2) MHB (KLSE: 5186)
Technical BUY on breakout (RM0.455) with +19.8% potential return
** Last: RM0.44 TP: RM0.52, RM0.545 SL: RM0.42
** Timeframe: 2 weeks to 2 months
** Shariah: YES
3) PANTECH (KLSE: 5125)
Technical BUY with +12.4% potential return
** Last: RM0.97 TP: RM1.04, RM1.09 SL: RM0.895
** Timeframe: 2 weeks to 2 months
** Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
BursaKakis Channel 👣
15 Nov, 00:08
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
15 Nov 2024
Download report here: https://tinyurl.com/y5n82p52
*VTC (0319)*: Shariah Compliant
Outlook: Pending Breakout MYR0.49
Resistance: MYR0.53, MYR0.56
Support: MYR0.435
(time frame: 2-4 weeks)
*NGGB (7241)*: Shariah Compliant
Outlook: Breakout MYR0.90
Resistance: MYR0.93, MYR0.97
Support: MYR0.86
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
15 Nov 2024
Download report here: https://tinyurl.com/y5n82p52
*VTC (0319)*: Shariah Compliant
Outlook: Pending Breakout MYR0.49
Resistance: MYR0.53, MYR0.56
Support: MYR0.435
(time frame: 2-4 weeks)
*NGGB (7241)*: Shariah Compliant
Outlook: Breakout MYR0.90
Resistance: MYR0.93, MYR0.97
Support: MYR0.86
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
BursaKakis Channel 👣
14 Nov, 23:58
*Trading Stocks today:*
For *Trendspotter*, please click on this link: < https://tinyurl.com/58sfxrfe > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Southern Cable Group (0225)* (RM0.96): Technical Buy
Targets: RM1.02, RM1.06
Stop: RM0.87
*Nextgreen Global (7241)* (RM0.91): Technical Buy
Targets: RM0.955, RM1.00
Stop: RM0.845
*Fundamental Report(s):*
*MISC Bhd* - BAB merger announcement: Relief rally? (Maintain Add with a lower TP of RM8.97) https://tinyurl.com/232vct9r
*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.
For *Trendspotter*, please click on this link: < https://tinyurl.com/58sfxrfe > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Southern Cable Group (0225)* (RM0.96): Technical Buy
Targets: RM1.02, RM1.06
Stop: RM0.87
*Nextgreen Global (7241)* (RM0.91): Technical Buy
Targets: RM0.955, RM1.00
Stop: RM0.845
*Fundamental Report(s):*
*MISC Bhd* - BAB merger announcement: Relief rally? (Maintain Add with a lower TP of RM8.97) https://tinyurl.com/232vct9r
*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.
BursaKakis Channel 👣
14 Nov, 23:58
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+
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+
BursaKakis Channel 👣
14 Nov, 22:29
https://www.cnbc.com/2024/11/13/stock-market-today-live-updates.html
BursaKakis Channel 👣
12 Nov, 00:34
UOBKH Retail Market Monitor
12 November 2024
FBMKLCI: 1,609.26 (-11.98)
Support: 1,600, 1,575
Resistance: 1,662, 1,685
Bursa Top Gainers:
SDG (+2.8%), KLK (+1.6%), MAXIS (+1.7%)
Bursa Top Losers:
GENM (-2.2%), TENAGA (-2.1%), MRDIY (-1.9%)
Bursa Trade Statistics
Local Institutions (43.08%): RM66.00m
Local Retail (23.52%): RM39.00m
Foreign (33.39%): -RM104.00m
Global Equity Indexes
MSCI Asia : 187.74 (-1.78, -0.94%)
NASDAQ : 19,298.77 (+11.99, +0.06%)
S&P500 : 6,001.35 (+5.81, +0.10%)
DJIA : 44,293.13 (+304.14, +0.69%)
USD/MYR : 4.4165 (+0.019)
SGD/MYR : 3.3119 (+0.0006)
Crude Oil : $68.21 (+0.17)
Gold : $2,622.95 (+4.13)
US stocks were higher after the close on Monday, as gains in the Consumer Goods, Financials and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.69% to hit a new all-time high, while the S&P 500 index gained 0.10%, and the NASDAQ Composite index gained 0.09%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,619 to 1,188 and 73 ended unchanged; on the Nasdaq Stock Exchange, 1,960 rose and 1,331 declined, while 118 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) NGGB (KLSE: 7241)
Technical BUY on breakout (RM0.915) with +13.7% potential return
* Last: RM0.885 TP: RM0.99, RM1.04 SL: RM0.835
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) SCGBHD (KLSE: 0225)
Technical BUY on breakout (RM0.955) with +19.4% potential return
* Last: RM0.90 TP: RM1.09, RM1.14 SL: RM0.82
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) HUMEIND (KLSE: 5000)
Technical BUY with +15.9% potential return
* Last: RM3.40 TP: RM3.69, RM3.94 SL: RM3.23
* Timeframe: 2 weeks to 2 months
* Shariah: NO
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
12 November 2024
FBMKLCI: 1,609.26 (-11.98)
Support: 1,600, 1,575
Resistance: 1,662, 1,685
Bursa Top Gainers:
SDG (+2.8%), KLK (+1.6%), MAXIS (+1.7%)
Bursa Top Losers:
GENM (-2.2%), TENAGA (-2.1%), MRDIY (-1.9%)
Bursa Trade Statistics
Local Institutions (43.08%): RM66.00m
Local Retail (23.52%): RM39.00m
Foreign (33.39%): -RM104.00m
Global Equity Indexes
MSCI Asia : 187.74 (-1.78, -0.94%)
NASDAQ : 19,298.77 (+11.99, +0.06%)
S&P500 : 6,001.35 (+5.81, +0.10%)
DJIA : 44,293.13 (+304.14, +0.69%)
USD/MYR : 4.4165 (+0.019)
SGD/MYR : 3.3119 (+0.0006)
Crude Oil : $68.21 (+0.17)
Gold : $2,622.95 (+4.13)
US stocks were higher after the close on Monday, as gains in the Consumer Goods, Financials and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.69% to hit a new all-time high, while the S&P 500 index gained 0.10%, and the NASDAQ Composite index gained 0.09%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,619 to 1,188 and 73 ended unchanged; on the Nasdaq Stock Exchange, 1,960 rose and 1,331 declined, while 118 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) NGGB (KLSE: 7241)
Technical BUY on breakout (RM0.915) with +13.7% potential return
* Last: RM0.885 TP: RM0.99, RM1.04 SL: RM0.835
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) SCGBHD (KLSE: 0225)
Technical BUY on breakout (RM0.955) with +19.4% potential return
* Last: RM0.90 TP: RM1.09, RM1.14 SL: RM0.82
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) HUMEIND (KLSE: 5000)
Technical BUY with +15.9% potential return
* Last: RM3.40 TP: RM3.69, RM3.94 SL: RM3.23
* Timeframe: 2 weeks to 2 months
* Shariah: NO
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
BursaKakis Channel 👣
12 Nov, 00:33
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
12 Nov 2024
Download report here: https://tinyurl.com/yc27shek
*VLB (0273)*: Shariah Compliant
Outlook: Pending Breakout MYR0.60
Resistance: MYR0.65, MYR0.70
Support: MYR0.53
(time frame: 2-4 weeks)
*ABMB (2488)*:
Outlook: Breakout MYR4.75
Resistance: MYR5.10, MYR5.35
Support: MYR4.55
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
12 Nov 2024
Download report here: https://tinyurl.com/yc27shek
*VLB (0273)*: Shariah Compliant
Outlook: Pending Breakout MYR0.60
Resistance: MYR0.65, MYR0.70
Support: MYR0.53
(time frame: 2-4 weeks)
*ABMB (2488)*:
Outlook: Breakout MYR4.75
Resistance: MYR5.10, MYR5.35
Support: MYR4.55
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
BursaKakis Channel 👣
12 Nov, 00:26
Maybank IBG Traders’ Almanac
(12 Nov 2024) - Plantation shines despite market turbulence
Technical Trading Ideas💡for today:
1️⃣ SD GUTHRIE BERHAD – 5285 (S)
2️⃣ TSH RESOURCES BHD – 9059 (S)
3️⃣ VESTLAND BERHAD – 0273 (S)
4️⃣ CPO FUTURES (CP: MYR 5,195)
5️⃣ KLCI INDEX FUTURES (CP: 1,611.50)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(12 Nov 2024) - Plantation shines despite market turbulence
Technical Trading Ideas💡for today:
1️⃣ SD GUTHRIE BERHAD – 5285 (S)
2️⃣ TSH RESOURCES BHD – 9059 (S)
3️⃣ VESTLAND BERHAD – 0273 (S)
4️⃣ CPO FUTURES (CP: MYR 5,195)
5️⃣ KLCI INDEX FUTURES (CP: 1,611.50)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
BursaKakis Channel 👣
11 Nov, 23:59
⭐️Technical tracker ⭐️- HLIB Retail Research - 12 Nov 2024
SENFONG: Set for rebound
At RM1.02, SFH is trading at an undemanding 10.5x FY25F P/E (-1SD below its 2-year average P/E and at a substantial 46% discount to the average P/E of Indian tire manufacturers at 19.7x), coupled with an attractive dividend yield of 5.7%. The combination of undemanding valuation and attractive dividend yield should cushion further downside, in our view.
Collection range: RM0.97-1.00-1.02
Upside targets:RM1.09-1.18-1.25
Cut loss:RM0.91
Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl
Disclaimer: www.hlebroking.com/v3/disclaimer.asp
SENFONG: Set for rebound
At RM1.02, SFH is trading at an undemanding 10.5x FY25F P/E (-1SD below its 2-year average P/E and at a substantial 46% discount to the average P/E of Indian tire manufacturers at 19.7x), coupled with an attractive dividend yield of 5.7%. The combination of undemanding valuation and attractive dividend yield should cushion further downside, in our view.
Collection range: RM0.97-1.00-1.02
Upside targets:RM1.09-1.18-1.25
Cut loss:RM0.91
Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl
Disclaimer: www.hlebroking.com/v3/disclaimer.asp
BursaKakis Channel 👣
11 Nov, 23:58
M+ Market update – 12Nov24
Funds Flowing Into Wall Street and Dollar
The FBMKLCI began the week on a softer note amid a lack of fresh catalysts environment, while selected weaker corporate earnings contributed to the selling pressure on the local bourse. The US stock market, however, advanced further on the back of Donald Trump’s victory in the US presidential election. This week, market participants will focus on key economic indicators, including: (i) CPI, (ii) PPI, (iii) Retail Sales and Core Retail Sales, and (iv) 3Q2024 Malaysia GDP data. In the commodities market, Brent crude oil fell to USD 71 per barrel as investors digested China’s latest stimulus plan. Meanwhile, gold prices retreated further to USD 2,619. Meanwhile, the CPO prices continued to surge, closing above the RM 5,100 level.
Sector Focus: With the US markets continuing to rise, coupled with a strengthening USD, we believe buying interest may extend to the local bourse, particularly in the export-related sectors like Technology and Glove. Meanwhile, we anticipate that the supply of vegetable oil is likely to tighten amid the implementation of higher biodiesel mandates in Indonesia, which will benefit local plantations like JPG following the strong CPO price. Also, selected Construction and Building Materials stocks are expected to gain momentum in the earnings season, supported by ongoing data center investments.
Stocks to watch:
Shipping: *HARBOUR*, *SYGROUP*, WPRTS
Technology: RAMSSOL, *SKPRES*
Construction: *SCGBHD*
Finance: *RCECAP*
Plantation: SDG
Renewable Energy: KJTS
Property: IBRACO
Source: M+
Funds Flowing Into Wall Street and Dollar
The FBMKLCI began the week on a softer note amid a lack of fresh catalysts environment, while selected weaker corporate earnings contributed to the selling pressure on the local bourse. The US stock market, however, advanced further on the back of Donald Trump’s victory in the US presidential election. This week, market participants will focus on key economic indicators, including: (i) CPI, (ii) PPI, (iii) Retail Sales and Core Retail Sales, and (iv) 3Q2024 Malaysia GDP data. In the commodities market, Brent crude oil fell to USD 71 per barrel as investors digested China’s latest stimulus plan. Meanwhile, gold prices retreated further to USD 2,619. Meanwhile, the CPO prices continued to surge, closing above the RM 5,100 level.
Sector Focus: With the US markets continuing to rise, coupled with a strengthening USD, we believe buying interest may extend to the local bourse, particularly in the export-related sectors like Technology and Glove. Meanwhile, we anticipate that the supply of vegetable oil is likely to tighten amid the implementation of higher biodiesel mandates in Indonesia, which will benefit local plantations like JPG following the strong CPO price. Also, selected Construction and Building Materials stocks are expected to gain momentum in the earnings season, supported by ongoing data center investments.
Stocks to watch:
Shipping: *HARBOUR*, *SYGROUP*, WPRTS
Technology: RAMSSOL, *SKPRES*
Construction: *SCGBHD*
Finance: *RCECAP*
Plantation: SDG
Renewable Energy: KJTS
Property: IBRACO
Source: M+
BursaKakis Channel 👣
11 Nov, 23:46
*Trading Stocks today:*
For *Trendspotter*, please click on this link: < https://tinyurl.com/5n838zfs > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Go Hub Capital (0311)* (RM1.21): Technical Buy
Targets: RM1.31, RM1.38
Stop: RM1.04
*SD Guthrie (5285)* (RM5.13): Technical Buy
Targets: RM5.50, RM5.60
Stop: RM4.79
*Fundamental Report(s):*
*Westports Holdings* - All eyes on Trump tariffs and port tariffs (Upgrade to Hold with a higher TP of RM4.33) https://tinyurl.com/y8bcnwn3
*Sunway Bhd* - Expect strong 3Q to pave way for upgrades (Maintain Add with a higher TP of RM5.20) https://tinyurl.com/2yxc6m2k
*Duopharma Biotech Bhd* - Good time to buy into strong growth (Maintain Add with a TP of RM1.55) https://tinyurl.com/35vbcxez
*Agribusiness* - CPO strength to benefit upstream players (Maintain Neutral) https://tinyurl.com/5dtzhdtn
*12th 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.
For *Trendspotter*, please click on this link: < https://tinyurl.com/5n838zfs > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Go Hub Capital (0311)* (RM1.21): Technical Buy
Targets: RM1.31, RM1.38
Stop: RM1.04
*SD Guthrie (5285)* (RM5.13): Technical Buy
Targets: RM5.50, RM5.60
Stop: RM4.79
*Fundamental Report(s):*
*Westports Holdings* - All eyes on Trump tariffs and port tariffs (Upgrade to Hold with a higher TP of RM4.33) https://tinyurl.com/y8bcnwn3
*Sunway Bhd* - Expect strong 3Q to pave way for upgrades (Maintain Add with a higher TP of RM5.20) https://tinyurl.com/2yxc6m2k
*Duopharma Biotech Bhd* - Good time to buy into strong growth (Maintain Add with a TP of RM1.55) https://tinyurl.com/35vbcxez
*Agribusiness* - CPO strength to benefit upstream players (Maintain Neutral) https://tinyurl.com/5dtzhdtn
*12th 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.
BursaKakis Channel 👣
11 Nov, 22:45
https://www.cnbc.com/2024/11/10/stock-market-today-live-updates.html
BursaKakis Channel 👣
11 Nov, 12:35
https://www.thestar.com.my/business/business-news/2024/11/11/ecoscience-bags-rm200mil-pellet-plant-construction-job
BursaKakis Channel 👣
11 Nov, 12:35
https://www.thestar.com.my/business/business-news/2024/11/11/kti-landmark-wins-rm50mil-construction-job
BursaKakis Channel 👣
20 Oct, 23:55
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+
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+
BursaKakis Channel 👣
20 Oct, 23:55
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
21 Oct 2024
Download report here : https://tinyurl.com/583v2p55
*Kerjaya (7161)*: Shariah Compliant
Outlook: Breakout MYR2
Resistance: MYR2.20, MYR2.35
Support: MYR1.88
(time frame: 2-4 weeks)
*SIMEPROP (5288)*: Shariah Compliant
Outlook: Pending Breakout MYR1.55
Resistance: MYR1.70, MYR1.80
Support: MYR1.43
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
21 Oct 2024
Download report here : https://tinyurl.com/583v2p55
*Kerjaya (7161)*: Shariah Compliant
Outlook: Breakout MYR2
Resistance: MYR2.20, MYR2.35
Support: MYR1.88
(time frame: 2-4 weeks)
*SIMEPROP (5288)*: Shariah Compliant
Outlook: Pending Breakout MYR1.55
Resistance: MYR1.70, MYR1.80
Support: MYR1.43
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
BursaKakis Channel 👣
20 Oct, 23:52
UOBKH Retail Market Monitor
21 October 2024
FBMKLCI: 1,645.99 (+4.55)
Support: 1,616, 1,600
Resistance: 1,662, 1,683
Bursa Top Gainers:
YTL (+2.7%), AXIATA (+2.1%), GENTING(+1.8%)
Bursa Top Losers:
RHB (-0.93%), PETGAS (-0.90%), PCHEM (-0.88%)
Bursa Trade Statistics
Local Institutions (46.06%): -RM187m
Local Retail (17.20%): -RM39m
Foreign (36.74%): +RM226m
Global Equity Indexes
MSCI Asia : 191.39 (-2.26,+ 1.19%)
NASDAQ : 18,489.55 (+115.94, + 0.63 %)
S&P500 : 5,864.67 (+23.20, + 0.40%)
DJIA : 43,275.91 (+36.86, +0.09%)
USD/MYR : 4.306 (+0.006)
SGD/MYR : 3.2807 (+0.0013)
Crude Oil : ($69.26, 0.04)
US stocks were higher after the close on Friday, as gains in the Consumer Services, Utilities and Basic Materials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.09% to hit a new all-time high, while the S&P 500 index added 0.40%, and the NASDAQ Composite index gained 0.63%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,549 to 1236 and 98 ended unchanged; on the Nasdaq Stock Exchange, 1,814 rose and 1,465 declined, while 126 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) CEKD (KLSE: 0238)
Technical BUY on breakout (RM0.485) with +22.7% potential return
* Last: RM0.48 TP: RM0.535, RM0.595 SL: RM0.4455
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CORAZA (KLSE: 0240)
Technical BUY on breakout (RM0.405) with +22.4% potential return
* Last: RM0.39 TP: RM0.47, RM0.52, SL: RM0.355
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) CYPARK (KLSE: 5184)
Technical BUY with +18.7% potential return
* Last: RM0.67 TP: RM0.745, RM0.795 SL: RM605
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
21 October 2024
FBMKLCI: 1,645.99 (+4.55)
Support: 1,616, 1,600
Resistance: 1,662, 1,683
Bursa Top Gainers:
YTL (+2.7%), AXIATA (+2.1%), GENTING(+1.8%)
Bursa Top Losers:
RHB (-0.93%), PETGAS (-0.90%), PCHEM (-0.88%)
Bursa Trade Statistics
Local Institutions (46.06%): -RM187m
Local Retail (17.20%): -RM39m
Foreign (36.74%): +RM226m
Global Equity Indexes
MSCI Asia : 191.39 (-2.26,+ 1.19%)
NASDAQ : 18,489.55 (+115.94, + 0.63 %)
S&P500 : 5,864.67 (+23.20, + 0.40%)
DJIA : 43,275.91 (+36.86, +0.09%)
USD/MYR : 4.306 (+0.006)
SGD/MYR : 3.2807 (+0.0013)
Crude Oil : ($69.26, 0.04)
US stocks were higher after the close on Friday, as gains in the Consumer Services, Utilities and Basic Materials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.09% to hit a new all-time high, while the S&P 500 index added 0.40%, and the NASDAQ Composite index gained 0.63%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,549 to 1236 and 98 ended unchanged; on the Nasdaq Stock Exchange, 1,814 rose and 1,465 declined, while 126 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) CEKD (KLSE: 0238)
Technical BUY on breakout (RM0.485) with +22.7% potential return
* Last: RM0.48 TP: RM0.535, RM0.595 SL: RM0.4455
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CORAZA (KLSE: 0240)
Technical BUY on breakout (RM0.405) with +22.4% potential return
* Last: RM0.39 TP: RM0.47, RM0.52, SL: RM0.355
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) CYPARK (KLSE: 5184)
Technical BUY with +18.7% potential return
* Last: RM0.67 TP: RM0.745, RM0.795 SL: RM605
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
BursaKakis Channel 👣
20 Oct, 23:49
*Trading Stocks today:*
For *Trendspotter*, please click on this link: < https://tinyurl.com/y4jbdtzk > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Southern Cable Group (0225)* (RM0.87): Technical Buy
Targets: RM0.91, RM0.95
Stop: RM0.82
*PLYTEC Holding (0289)* (RM0.34): Technical Buy
Targets: RM0.385, RM0.41
Stop: RM0.305
*Fundamental Report(s):*
*Economic Focus* - Budget 2025: SST is the new GST https://tinyurl.com/yuru9hh9
*Economic Update* - Despite weak exports, outlook still positive https://tinyurl.com/3ajbk3ry
*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.
For *Trendspotter*, please click on this link: < https://tinyurl.com/y4jbdtzk > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Southern Cable Group (0225)* (RM0.87): Technical Buy
Targets: RM0.91, RM0.95
Stop: RM0.82
*PLYTEC Holding (0289)* (RM0.34): Technical Buy
Targets: RM0.385, RM0.41
Stop: RM0.305
*Fundamental Report(s):*
*Economic Focus* - Budget 2025: SST is the new GST https://tinyurl.com/yuru9hh9
*Economic Update* - Despite weak exports, outlook still positive https://tinyurl.com/3ajbk3ry
*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.
BursaKakis Channel 👣
18 Oct, 09:28
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+**
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+**
BursaKakis Channel 👣
18 Oct, 05:07
Bursa Malaysia Midday Recap: Positive Sentiment Continues
The FBM KLCI continued its positive momentum driven by gains in PMETAL, PBBANK and AXIATA. According to news sources, trading activity on the local exchange is expected to remain subdued ahead of the 2025 Budget announcement. Market sentiment stayed strong, with gainers outnumbering laggards. In the construction sector, VARIA announced that it secured a MYR571.8 million contract to build a rehabilitation center in Setiu, Terengganu. Meanwhile, in property news, PHB is collaborating to expand IJN’s healthcare facilities.
The technology sector index outperformed other sectors today. Investors interested in this sector may consider GREATEC (Target Price: MYR 6.50) and FRONTKN (Target Price: MYR 4.20) as potential trading opportunities. For more details, check out the full report on your Maybank Trade MY app today.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI continued its positive momentum driven by gains in PMETAL, PBBANK and AXIATA. According to news sources, trading activity on the local exchange is expected to remain subdued ahead of the 2025 Budget announcement. Market sentiment stayed strong, with gainers outnumbering laggards. In the construction sector, VARIA announced that it secured a MYR571.8 million contract to build a rehabilitation center in Setiu, Terengganu. Meanwhile, in property news, PHB is collaborating to expand IJN’s healthcare facilities.
The technology sector index outperformed other sectors today. Investors interested in this sector may consider GREATEC (Target Price: MYR 6.50) and FRONTKN (Target Price: MYR 4.20) as potential trading opportunities. For more details, check out the full report on your Maybank Trade MY app today.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
BursaKakis Channel 👣
18 Oct, 02:21
https://www.cnbc.com/2024/10/18/chinas-reports-third-quarter-gdp-growth-of-4point6percent-beating-expectations.html?__source=iosappshare%7Cph.telegra.Telegraph.Share
BursaKakis Channel 👣
18 Oct, 00:54
*RHB* ♦️ *Investment Bank Bhd*
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
18 Oct 2024
Download report here : https://tinyurl.com/n8wy3ruc
*CLOUDPT (0277)*: Shariah Compliant
Outlook: Pending Breakout MYR0.90
Resistance: MYR0.96, MYR1.03
Support: MYR0.825
(time frame: 2-4 weeks)
*UUE (0310)*: Shariah Compliant
Outlook: Pending Breakout MYR0.735
Resistance: MYR0.78, MYR0.83
Support: MYR0.68
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
♦️ Telegram: https://t.me/RHBInvestmentBankOfficial
*RHB Retail Research*
*Technical Analyzer*
18 Oct 2024
Download report here : https://tinyurl.com/n8wy3ruc
*CLOUDPT (0277)*: Shariah Compliant
Outlook: Pending Breakout MYR0.90
Resistance: MYR0.96, MYR1.03
Support: MYR0.825
(time frame: 2-4 weeks)
*UUE (0310)*: Shariah Compliant
Outlook: Pending Breakout MYR0.735
Resistance: MYR0.78, MYR0.83
Support: MYR0.68
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only...
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