BursaKakis Channel 👣

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+**

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

*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...

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

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

⭐️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

*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.

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+

https://theedgemalaysia.com/node/734748

https://www.cnbc.com/2024/11/19/stock-market-today-live-updates.html

https://ceomorningbrief.theedgemalaysia.com/2024/0867/

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+**

https://www.thestar.com.my/business/business-news/2024/11/20/infoline-tec-to-be-transferred-to-main-market

https://www.thestar.com.my/business/business-news/2024/11/20/petronas-chemicals-hit-by-forex-losses-at-pengerang-joint-venture

https://www.thestar.com.my/business/business-news/2024/11/20/reservoir-link-energy-appointed-petronas-panel-contractor

https://www.thestar.com.my/business/business-news/2024/11/20/hss-engineers039-3q-net-profit-jumps-to-rm723mil

https://theedgemalaysia.com/node/734632

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

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

*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...