Maybank IBG Research 'Regional Trader's Almanac' Weekly Editio | Info Pelaburan Saham - Maybank Investment Bank Ipoh

Maybank IBG Research "Regional Trader's Almanac" Weekly Edition 14 Feb 2022, ASEAN Equities: Geopolitical Tension Set to Trigger a Pause

Rising geopolitical tension could pause recovery in ASEAN equities…

The FTSE ASEAN 40 Index indeed traded higher last week after gaining 339pts or 3.2% - taking out our immediate resistance at 10,850 relatively ease to end the week higher at 10,995.96. While the overall momentum remains elevated – the index has been trading inside an overbought territory over the past five days suggesting looming profit-taking ahead. Given the heightened geopolitical tension between Russia & Ukraine and the strong rally in gold price last Friday, the risk-averse investors and traders may trim their position in the near term. Watch out for a reversal signal as we expect some pressure towards the immediate resistance-turned-support at 10,850. Next support is at 10,440.

For this week, we highlight technically attractive stocks across multiple sectors in the ASEAN region.

MALAYSIA – Buy Tomei Consolidated & Uzma
INDONESIA – Buy Astra Agro Lestari & Bank Aladin Syariah
PHILIPPINES – Buy AgriNurture & AllHome Corp.
SINGAPORE – Buy Samudera Shipping Line & Tianjin Zhongxin
THAILAND – Buy Mega Lifesciences & The Siam Commercial Bank
VIETNAM – Buy Kinh Bac City Development & Gemadept Corp.

For complete report & charts, click the link below;
https://mkefactsettd.maybank-ke.com/PDFS/251214.pdf