AmEquities

2021-09-29 07:42:48 Hello AmEquities Clients !! We know you are craving for value investment, particularly the *Dividend Yields* stocks Here are the names with target yields at least or more than % based on the last price dated 27 September 2021 ! Happy trading and stay safe ! Open / Comment

2021-09-29 03:18:09 *STOCKS ON RADAR - 29 September 2021*
AmBank Retail Research

*Maxim Global (4022)*
Shariah Compliant: YES
Trading Call: Buy on breakout RM0.27
Target: RM0.285, RM0.29 (time frame: 2-4 weeks)
Exit: RM0.25

*Mobilia Holdings (0229)*
Shariah Compliant: YES
Trading Call: Buy near RM0.46
Target: RM0.48, RM0.51 (time frame: 2-4 weeks)
Exit: RM0.41

_Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks.Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice._ Open / Comment

2021-09-29 03:17:59 reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice. Open / Comment

2021-09-29 03:17:59 ncial year ending March 31, 2022. PCCS' hire purchase business is based in Melaka and Johor.

*KWAP has raised its direct stake in Tenaga Nasional Bhd (TNB) to 6.71% after the pension fund bought shares of the national utility in several tranches of one million shares each following foreigners' emergence as net buyers of TNB shares for the first time in 21 months. KWAP's direct stake in TNB rose to 6.71% comprising 384.17 million shares as of last Friday (Sept 24) after KWAP bought one million TNB shares each last Tuesday, Thursday and Friday (Sept 21, 23 and 24). KWAP also owned as of Sept 24 an indirect stake of 0.67% comprising 38.34 million shares in TNB.

*NPC Resources Bhd is withdrawing its offer to sell its Sabah oil palm plantation land to IOI Corp Bhd as the company is unable to accept IOI Corp’s revised purchase price for the assets.NPC said the company is unable to accept the indicated revised purchase price for the proposed transactions and that NPC and IOI Corp will "discontinue further negotiations on the terms of the proposed transactions". In July, IOI Corp had offered to buy several parcels of oil palm plantation land located in Sabah's Labuk, Sugut, Kinabatangan and Beluran districts from NPC and the deal was slated for completion by the first quarter of 2022, although the combined offer price of RM281.22 million for the assets had yet to be finalised.

*KNM Group Bhd, which is involved in oil and gas equipment and services, has secured a contract worth RM13.4 million to build a pre-fabrication tank for a combined cycle power generating facility of up to 1,200MW at Pulau Indah, Selangor.KNM said the contract was awarded by PEC Powercon Sdn Bhd to its wholly-owned unit KNM Process Systems Sdn Bhd, which is expected to deliver the tank in 11 months. PEC Powercon is principally involved in building constructions.

*George Kent (Malaysia) Bhd said it has accepted Malaysian Resources Corp Bhd's (MRCB) RM53 million cash offer for its 50% stake in MRCB George Kent Sdn Bhd (MRCBGK). MRCBGK is a 50:50 joint venture (JV) company between MRCB and George Kent and is the turnkey contractor of the RM16.6 billion Light Rail Transit Line 3 (LRT3) project. MRCB offered to buy George Kent's stake, or sell its own 50% stake to George Kent, on Sept 14.

*MY EG Services Bhd (MYEG) said its 40%-Philippines joint venture (JY) I-Pay MYEG Philippines Inc (MYEG Philippines) is rolling out two e-government services in the Philippines — the online payment of income tax to their Bureau of Internal Revenue, and the payment of fees to the Philippine Economic Zone Authority (PEZA). The online income tax payment will be made available on MYEG Philippines' online portal from October this year, MYEG said.

*Boustead Plantations Bhd has proposed to sell Kulai Young Estate in Johor for RM429 million to YTL Power International Bhd’s 70%-owned subsidiary SIPP Power Sdn Bhd.The group expects to realise an estimated RM323 million upon completion of the disposal of the 664ha of plantation land.

*Icon Offshore Bhd said its subsidiary has secured a contract extension for the provision of its jack-up drilling rig involving works for four wells.This is an extension of the earlier contract for eight wells secured by the subsidiary, Perisai Offshore Sdn Bhd, in December 2020 from Petrofac Ltd.

*AEON Credit Service (M) Bhd saw its net profit jump 45.7% to RM75.48 million for 2QFY22 from RM51.81 million a year ago on lower operating and interest expenses.

*Tropicana Corp Bhd sank into the red in the second quarter ended June 30, 2021 with a net loss of RM25.04 million, versus a net profit of RM24.29 million a year ago, on lower revenue due to the impact of the lockdown.

_Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from Open / Comment

2021-09-29 03:17:59 *AmBreakfast Note – 29 September 2021*

*Market Overview*

*FBM KLCI* jumped 13.77 points supported by technical rebound in glove heavyweights. We maintain the short-term resistance target at *1580* while the support level at *1500*. Total RM3.29bil worth of shares transacted across the board. However, market breadth stayed negative (463 gainers vs 593 losers). The strength in Energy (+4.3%) sector was offset by Technology (-2.1%) names. The 10th Ace Market listing, CEKD Bhd is set to debut today with IPO price of RM0.48.

*Asian* equities ended mixed on Tuesday. Hang Seng Index rose 1.2% supported by property and tech stocks. Japan’s Nikkei 225 slipped 0.2% dragged by chipmakers and shippers. *European* STOXX 600 was hit by tech shares, dropped 2.2%. *US* markets finished lower amid the rising US 10-year Treasury yield back to 1.55% since June, *Dow* pulled back 1.6% while *Nasdaq* gapped down, tumbled 2.8%. Energy was the sole gainer while Technology took the worst hit with the FAANG all dipped into negative territory. (Tesla -1.7%, Apple -2.4%, United Airlines -0.8%, JP Morgan -0.5%).

_*Futures market* indicate a *Negative* opening for Asian equities today_

*Malaysia*
KLCI: 1,546.82 (+13.77, +0.90%)
FBM Small Cap: 15,942.81 (+0.07%)
Gainers: 463 | Unch: 410 | Losers: 593

*Global Markets*
Straits Times: 3,077.69 (-0.73%)
Hang Seng: 24,500.39 (+1.21%)
Nikkei: 30,183.96 (-0.19%)
Europe STOXX 600: 452.36 (-2.18%)
Dow: 34,299.99 (-569.38, -1.63%)
NASDAQ: 14,546.68 (-2.83%)

Oil (Brent): 78.23 (-1.50%)
CPO: 4,447.00 (+1.21%)
Gold: 1,734.20 (-0.95%)

USD/MYR: 4.1800 (-0.16%)
EUR/MYR: 4.8856 (-0.27%)
GBP/MYR: 5.6593 (-1.39%)
SGD/MYR: 3.0795 (-0.48%)
AUD/MYR: 3.0280 (-0.79%)

*Today's AmBank Research reports*:

*RHB BANK*(BUY, FV: RM6.80) results (Rating maintained; FV unchanged) – Good traction from digital transformation program

*YTL POWER*(BUY, FV:RM0.85) Quick take – Buys land in Kulai for future solar projects

*Stocks on Radar*: Maxim Global, Mobilia Holdings

_*please log in at www.amequities.com.my for the full reports*_

*News Highlights*:

*Pecca Group Bhd said its board had resolved to declare an interim dividend via a share dividend distribution of treasury shares on the basis of one treasury share for every 41 existing y shares held in respect of the financial year ending June 30, 2022. The car leather upholstery maker said in a bourse filing on Monday that the entitlement and share deposit dates of the dividend will be announced at a later date.

*Reservoir Link Energy Bhd has secured a contract from Sarawak Shell Bhd/Sabah Shell Petroleum Company Ltd for the provision of slickline equipment and services. The group said that its wholly-owned subsidiary Reservoir Link Sdn Bhd has received a letter of award for the job. Under the contract, Reservoir Link will be the primary contractor providing slickline equipment and services for well completion activities which are rig assisted and as a backup contractor for well interventions activities which are non-rig assisted.

*Daibochi Bhd, which is in the midst of a takeover by parent Scientex Bhd, saw its net profit drop 20.8% to RM8.89 million in its fourth financial quarter ended July 31, 2021, from RM11.22 million a year ago, on lower revenue and higher operating costs. Quarterly revenue fell 14.2% to RM133.73 million from RM155.77 million.

*Hong Leong Bank Bhd (HLB) expects Malaysia’s economy to register a modest recovery this year as spikes in Covid-19 infections and the reintroduction of movement restrictions moderate what was expected to be a strong recovery, said HLB chairman Tan Sri Quek Leng Chan. In a statement in the group’s annual report, Quek however also highlighted there is growing optimism that an acceleration in the vaccination roll-out and a more favourable external environment will help underpin a more sustained recovery next year.

*PCCS Group Bhd is kicking off its hire purchase business this month with a RM5 million loan book and expecting this division to start contributing to the group's revenue in the current Open / Comment

2021-09-29 03:17:37 24 September 2021, Friday
Trade Statistics | Participation:
Volume traded 4.79bil
Value traded RM3.35 bil
Local Insti: +RM51.02m | 46.32%
Local Retail: +RM36.52m | 35.41%
Foreign: -RM87.54m | 18.27%

27 September 2021, Monday
Trade Statistics | Participation:
Volume traded 4.38bil
Value traded RM2.98 bil
Local Insti: -RM74.25m | 46.36%
Local Retail: +RM67.21m | 34.45%
Foreign: +RM7.03m | 19.19%

28 September 2021, Tuesday
Trade Statistics | Participation:
Volume traded 5.45bil
Value traded RM3.29 bil
Local Insti: -RM77.05m | 45.47%
Local Retail: +RM4.35m | 33.88%
Foreign: +RM72.70m | 20.65% Open / Comment

2021-09-28 02:46:23 *STOCKS ON RADAR - 28 September 2021*
AmBank Retail Research

*Hibiscus Petroleum (5199)*
Shariah Compliant: YES
Trading Call: Buy on breakout RM0.665
Target: RM0.69, RM0.705 (time frame: 2-4 weeks)
Exit: RM0.625

*Aneka Jaringan Holdings (0226)*
Shariah Compliant: YES
Trading Call: Buy on breakout RM0.26
Target: RM0.275, RM0.28 (time frame: 2-4 weeks)
Exit: RM0.24

_Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks.Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice._ Open / Comment

2021-09-28 02:46:15 rs, whereby the airline is in default under the terms of the contract.

*AWC Bhd posted a net profit of RM2.68 million or 0.85 sen per share for the fourth quarter ended June 30, 2021 (4QFY21) versus a net loss of RM29.9 million or 10.2 sen per share a year ago, on higher operating income and lower other operating expenses. Quarterly revenue rose 29.62% to RM97.01 million from RM74.85 million in the previous year, contributed by its environment, engineering, and rail business segments.

*Straits Energy Resources Bhd, formerly known as Straits Inter Logistics Bhd, has teamed up with Singapore-based Seashore Technologies Pte Ltd to explore wireless network communication business opportunities in Malaysia and regionally. Seashore is principally a software company, building last-mile networks with 4G, 5G and wireless networks.

*Shareholders of outdoor advertising services provider Seni Jaya Corp Bhd have approved the issuance of 24.3 million bonus warrants on the basis of one bonus warrant for every two existing Seni Jaya shares at its extraordinary general meeting held on Monday. The exercise price of the warrants will be determined later. Seni Jaya plans to use the gross proceeds raised from the full exercise of the warrants as capital expenditure of its outdoor advertising business and for future business expansion.

*MyNews Holdings Bhd has booked another quarterly net loss of RM14.92 million for the 3QFY21 on weaker retail performance, which also dragged its food processing division into the red.

*Hextar Global Bhd has executed an RM50 million financing facility from HSBC Amanah Malaysia Bhd to finance its purchase of Nobel Synthetic Polymer Sdn Bhd and Nobel Scientific Sdn Bhd, collectively known as the Nobel Group, which manufactures and supplies chemical derivatives, coating, and related products. The agrochemical company said the facility is expected to increase its consolidated gearing from 0.52 times to 1.21 times. The facility will be secured by way of corporate guarantee by its wholly-owned Hextar Chemicals Sdn Bhd.

_Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice. Open / Comment