tag:blogger.com,1999:blog-71864385361000045152024-12-19T11:28:11.866+08:00KLSE FBM KLCI analysis, Bursa Malaysia stock picks analysis and shares research.Unknownnoreply@blogger.comBlogger606125tag:blogger.com,1999:blog-7186438536100004515.post-60537544763402801032018-08-07T12:30:00.001+08:002018-08-07T12:30:37.516+08:00

Still convalescing from the heavy selldown post GE, our July alpha picks delivered a simple average gain of 11.3%, above FBMKLCI’s +5.5%, as the new government’s decisions on mega projects have been less disruptive than feared, thus allowing construction stocks to partially recover. We add MRCB to August’s picks, along with Bumi Armada, CMS, Gabungan AQRS, Inari and VS Industry. WHAT’S NEW

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-55122219880385441522018-07-11T11:10:00.001+08:002018-07-11T11:10:33.447+08:00

SKP RESOURCES BHD SKPRES has gapped- - up to close above the EMA20 level accompanied by improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM1.63- - RM1.75 levels. Support will be pegged around the RM1.34 level source: Malacca Securities Research – 11/07/2018

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-33572692743051047522018-07-06T08:50:00.000+08:002018-07-06T08:50:07.678+08:00

From bad to worse: Stop work order for ECRL ■ Malaysia Rail Link (MRL) has confirmed The Edge Markets’ report that MRL had instructed CCCC to suspend construction works of the ECRL with immediate effect. ■ We are not surprised by this development as the suspension of works is likely to make way for a scaling-down phase and to limit additional loan drawdowns. ■ Maintain Underweight. Risks

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-64524473609799346932018-07-04T09:52:00.001+08:002018-07-04T09:52:22.169+08:00

KAREX BERHAD Stock Code: 5247 KAREX gained 5 sen yesterday (5.88%), closing at RM0.900, backed by above-average trading volume. Chart-wise, the stock has been trading in a range between RM0.750 to RM0.850 for the past two weeks after a short rally in early June. Yesterday’s candlestick broke through its previous swing high resistance of RM0.850 which could signify a

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-6807841366974948822018-06-27T13:10:00.001+08:002018-06-27T13:10:00.401+08:00

Symmetrical triangle breakout. SCICOM could be riding on the healthy tourist growth (11.8% in 2017) in Cambodia, following the award of contract from Ministry of Tourism of Cambodia. SCICOM has a net cash of RM45.8m (12.9 sen/share) as of end March 2018 and its dividend yield stood at 4.5%. The share price suggests that SCICOM has experienced a symmetrical triangle breakout above RM2.00,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-3415440165125628542018-05-16T10:31:00.001+08:002018-05-16T10:31:21.732+08:00

Reassurance From New Council Of Eminent Persons The Council of Eminent Persons held a briefing for investors, shedding some light on certain broad-based measures. However, details of fiscal reforms will only be announced in the first 100 days, aimed at raising disposable income. Architects of the PH manifesto reiterate that the government must deliver: a) institutional reforms – including

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-9930310199403699922018-05-14T07:40:00.001+08:002018-05-14T07:40:40.076+08:00

GE14 Results: Sweeping Changes Pakatan Harapan creates history with its surprising sweep of parliamentary and state seats in the most hotly contested elections in Malaysia. While widely expected, post- GE market jitters should create good buying opportunities as the sell-down may not be too deep should the new government quickly assert business-friendly policies. However, 2018’s outlook remains

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-33664084093222088362018-05-03T09:44:00.001+08:002018-05-03T09:44:45.536+08:00

We found that the historical performance of the KLCI in May has been mixed, registering average mom negative return of 0.1% over the past 10 years and posting positive mom declines in five out of the past 10 years. However, over a 40-year period, it posted an average mom gain of 1.4%. On the local front, investors will be closely tracking the results of GE14 on 9 May 2018. To recap,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-28677387576219169532018-04-18T11:35:00.001+08:002018-04-18T11:35:51.845+08:00

Trading Idea - KOBAY TECHNOLOGY BHD (stock code 6971) ● Target Price RM1.30 ● Last closing price RM1.12 ● Potential return 16.0% ● Support RM1.05 ● Stop Loss RM0.950  Possible upside. KOBAY is showing signs of recovery from recent major pullback. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-13206042428365885002018-04-17T11:09:00.001+08:002018-04-17T11:09:43.012+08:00

Many stocks have been caught up in the sell-off, which include domestic-centric stocks that should not have been directly impacted by a limited trade spat. We highlight four such stocks: Genting Malaysia, Mynews Holdings, Petron Malaysia and WCT. US And China Trade Tariffs There is no trade war yet…. … but the rhetoric on both the US and Chinese sides had been escalating until President

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-43345457849753750862018-04-11T10:22:00.001+08:002018-04-11T10:22:16.869+08:00

The upcoming general election could be a moderate market sway factor; 2H18’s market outlook would be cautious regardless of the outcome. While ruling coalition BN is set to retain the parliamentary majority in a three-way contest, there are still uncertainties relating to popular vote count and hotly-contested states. We expect the FBMKLCI to mildly trend up towards polling day, although the

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-91560189652452185852018-03-15T09:51:00.001+08:002018-03-15T09:55:59.261+08:00

Malaysia (Underweight) “Earnings growth still intact”, 5 5 March Bernard Ching, Macro conditions in Malaysia remain encouraging 4Q17 GDP growth of 5.9% was ahead of expectations, which brings full-year growth to 5.9%. Going into 2018, Alliance DBS’s economist has pencilled in a 5.4% growth. The moderation in economic expansion reflects the high-base effects and a tighter monetary

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-20095376690137265812018-03-13T12:30:00.001+08:002018-03-13T12:30:28.859+08:00

DAYANG ENTERPRISE HOLDINGS BHD Stock Code 5141 Target Price RM0.890 Last closing price RM0.800 Potential return 11.2% Support RM0.750 Stop Loss RM0.720 Possible for further upside. DAYANG’s price is recovering from pullback. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-15563742530096394672018-03-06T10:54:00.001+08:002018-03-06T10:54:27.993+08:00

Our February alpha picks delivered a simple average return of 2.3%, outperforming the FBMKLCI’s -0.7%. The recent market pullback provides good opportunities to accumulate our March alpha picks (unchanged from February’s picks) of Ann Joo, Bumi Armada, GAQRS, Serba Dinamik, VS Industry and Yong Tai. We continue to expect emerging re-rating catalysts for these stocks by 2Q18. WHAT’S NEW

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-22040512005954342742018-02-20T09:36:00.001+08:002018-02-20T09:40:43.402+08:00

• KRONO rose 7.0 sen (10.0%) to close at RM0.770. • Yesterday’s move resulted in a downtrend breakout with MACD in bullish divergence, to signal that the share price has bottomed out and now poised for a recovery. • Key indicators are in supportive of a move higher, with the RSI now venturing close to cross above 50-point mark while MACD has hooked upwards above signal line. • From here,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-18834863549209598392018-02-14T10:28:00.001+08:002018-02-14T10:28:13.676+08:00

ANN JOO RESOURCES BHD Stock Code: 6556 • Yesterday, ANNJOO gained an impressive 22 sen (6.4%) to close at intraday high of RM3.63. • Yesterday’s move marked a first breakthrough from a two-month period of consolidation. • Uptick in MACD to crossover its Signal-line, coupled with the share price closing above its 20-day SMA for the first time in two months could signal a bullish turn in

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-9266209895362604482018-02-07T08:21:00.001+08:002018-02-07T08:21:02.510+08:00

■ We hosted three speakers at our 2018 Technical, Currency and Feng Shui Day. ■ Our technical chartist indicate that the KLCI uptrend remains intact and could test the 1,900-1,950 level. ■ Our treasury team recently upgraded its end-2018 ringgit forecast to 3.85/US$. ■ Fengshui master said the 3 rd and 10 th lunar months are good for the stock market ■ We maintain our end-2018

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-6431295240085455502018-01-25T11:36:00.000+08:002018-01-25T11:36:17.240+08:00

ORNA - Stock Code: 5065  • ORNA climbed 5.0 sen (3.62%) yesterday to hit RM 1.43.  • Share appears to have broken out from a 2-month consolidation after few failed attempts to break past the RM1.40 resistance level.  • Overall technical outlook is turning positive with the 20-day SMA had just crossed above the 50-day SMA and the MACD line being above the Signal Line  •

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-71210311229137800312018-01-16T11:19:00.001+08:002018-01-16T11:19:10.612+08:00

HUAYANG – Stock Code 5062 • HUAYANG jumped an impressive 6.5 sen (10.4% to RM0.69) yesterday, accompanied by exceptional trading volumes. • Share is now potentially showing signs of bottoming-out after hitting a “double-bottom” in December last year. • Over the past 1-2 months, MACD has been creeping upwards despite sideways movement of the share price – thus signalling an underlying

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-22714764529801782272018-01-10T08:53:00.001+08:002018-01-10T08:53:25.377+08:00

Although our alpha picks’ return of +1.86% trailed the FBMKLCI’s +4.9% in Dec 17 amid hefty year-end window dressing, these picks have started the year with smashing month-to-date returns of 0.7-11.8%. Some have technically broken out. Good domestic liquidity and positive newsflow for these stocks should ensure continuing positive momentum. We maintain our alpha picks for January, namely Ann Joo,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-34893058496134248982018-01-04T11:32:00.001+08:002018-01-04T11:32:06.492+08:00

Malaysian equities should trend higher in 1Q18, fulfilling the historically good correlation between ringgit deposit growth and market performance. However, we continue to expect a duller performance post GE14, which is widely expected in Mar-Apr 18. We advocate a trading-oriented, mid- to large-cap-biased investment strategy for 1Q18, with a focus on mega infrastructure, E&E, tourism-related

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-28580392885067706282018-01-02T11:37:00.001+08:002018-01-02T11:37:07.875+08:00

■ We expect 2018 to be a more volatile and challenging year for the Malaysian market  compared to 2017. ■ The key challenges include slower GDP growth in 2018, potential cost pressures for businesses, impact from disruptive technologies, and potential earnings risks. ■ We expect these concerns to be priced-in in 1H18, and the market should improve in 2H18 due to stronger fund flows,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-70216960780712351202017-12-29T11:22:00.001+08:002017-12-29T11:22:00.603+08:00

SALUTICA BERHAD Stock Code: 0183 Above: Salute daily chart (click to enlarge view) SALUTE has experienced a flag- - formation breakout above the RM1.35 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may rally, targeting the RM1.42- - RM1.50 levels. Support will be set around the RM1.30 level. source: Malacca

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-51482203345304120542017-12-18T10:07:00.001+08:002017-12-18T10:07:54.109+08:00

■ Petronas recently released its activity outlook report, and the guidance for the volume of work in 2018-19F appears to have increased from the previous March guidance. ■ This will be positive for Malaysian O&G companies, which have likely passed the  nadir of their earnings in either 2016 or 2017F. ■ We recently added Dialog and Yinson to our coverage, our two top sector picks

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-7186438536100004515.post-70506324732324640362017-12-05T08:48:00.001+08:002017-12-05T08:48:51.379+08:00

● CS' FX strategy team has raised USDMYR forecast to 4.0 in three months and 3.80 in 12 months (from 4.10 and 4.0 previously). RM has appreciated 8% vs the USD YTD and is currently at the strongest level so far this year. ● In our view, companies most materially affected would be (1)  those with mismatch in USD-denominated revenue and cost, (2)  companies with majority of profits

Unknownnoreply@blogger.com