Info Pelaburan Saham - Maybank Investment Bank Ipoh

2022-01-25 03:46:25 Maybank IBG Research Traders’ Almanac 25 Jan 2022 Technical Trading Ideas – Big-Cap Sentiment Remains Weak

Trading Ideas for today:
CJ CENTURY LOGISTICS HOLDINGS (MYR0.595)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.545
RESISTANCE: R1: MYR0.635, R2: MYR0.675

MALAYSIA SMELTING CORPORATION (MYR3.48)
ACCUMULATE (TECHNICAL)
STOP-LOSS: Below MYR3.17
RESISTANCE: R1: MYR3.66, R2: MYR3.91

NCT ALLIANCE (MYR0.525)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.480
RESISTANCE: R1: MYR0.560, R2: MYR0.605

PMB TECHNOLOGY (MYR13.30)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR12.30
RESISTANCE: R1: MYR14.30, R2: MYR15.60

SAMAIDEN GROUP (MYR1.23)
REENTRY (NEW TARGET) Shariah
STOP-LOSS: Below MYR1.10
RESISTANCE: R1: MYR1.38, R2: MYR1.53

CRUDE PALM OIL (MYR5,259)
Forming an inside bar/harami pattern
SUPPORT: S1: MYR5,124, S2: MYR5,045
RESISTANCE: R1: MYR5,400, R2: MYR5,540

KLCI INDEX FUTURES (1,522.50)
‘’Inverted Hammer” pattern appears
SUPPORT: S1: 1,515.00, S2: 1,506.00
RESISTANCE: R1: 1,543.00, R2: 1,565.00

For full charts and reports, link as below:
https://mkefactsettd.maybank-ke.com/PDFS/248779.pdf Open / Comment

2022-01-25 03:41:07 Today New Listing

SENHENG (5305)
Senheng New Retail Berhad

IPO Price
RM1.07

Target Price
RHB - RM1.11
TA - RM1.21
ARIM - RM 1.25
INTER PAC - RM 1.27 Open / Comment

2022-01-25 03:38:20 UOBKH

US stocks were higher after the close on Monday, as gains in the Consumer Services, Technology and Industrials sectors led shares higher. At the close in NYSE, the DJIA gained 0.29%, while the S&P 500 index gained 0.28%, and the NASDAQ Composite index climbed 0.63%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,821 to 1,517 and 107 ended unchanged; on the Nasdaq Stock Exchange, 2,076 rose and 1,916 declined, while 162 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) THETA (9075); Technical BUY with +30.0% potential return
*Last: RM0.80 Target: RM0.975, RM1.04 Stop: RM0.645
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) JTIASA (4383); Technical BUY with +19.2% potential return
*Last: RM0.65 Target: RM0.725, RM0.775 Stop: RM0.595
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) IFCAMSC (0023); Technical BUY on Breakout (RM0.32) with +23.4% potential return
*Last: RM0.31 Target: RM0.365, RM0.395 Stop: RM0.285
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2022-01-25 03:36:16 Maybank IBG Kopi-O (25 Jan 2022)

Nikkei 27588.4 0.24%
Kospi 2792.0 -1.49%
SSE 3524.1 0.04%
HSI 24656.5 -1.24%
TWSE 17989.0 0.50%
SET 1640.5 -0.74%
JCI 6655.2 -1.06%
STI 3283.4 -0.35%
KLCI 1521.9 -0.34%

Maybank IBG Key Calls
Allianz Malaysia - Attractive dividend yield
While flood claims are likely to feature in 4Q21, provision levels are likely to be manageable and we expect operations to have improved QoQ with the opening up of the economy and an end to the lockdowns. Encouragingly, we expect MFRS17 to have a positive impact on group earnings when it is adopted in 2023. We maintain our BUY call on Allianz with an unchanged SOP-derived TP of MYR16.75. Dividend yield is attractive at 4.8%.

MY
o After falling for six consecutive trading days, the KLCI could stage a rebound today. Nevertheless, trading will remain choppy amid concerns over Federal Reserve policy tightening and geopolitical tension. Technically, we expect the KLCI to range between 1,515 pts and 1,545pts today, with supports at 1,515pts and 1,475pts.

o Haily (HAILY MK): Its wholly-owned subsidiary Haily Construction S/B was awarded a MYR41.3m contract to undertake construction works at Aurora Sentral, Iskandar Puteri, Johor. This is the first contract award of the year. HAILY’s core competency is in Johor, in particular Johor Bahru and Kulai districts. Stock trades at 19.5x annualized 9M21 EPS. It is sitting on a net cash of MYR36.4m at end-Sep 2021, which is around 45% of its market capitalization.

o Opcom (OHB MK): Its subsidiary Opcom Cables S/B was awarded a MYR26.5m contract by *Telekom Malaysia (T MK, CP: MYR5.15, TP: MYR7.40, BUY)* to supply fiber optic cables from 23 Dec 2021 to 31 Dec 2023. With the latest award, the group has secured three contracts in FY3/22. Still, more contract win is needed as its unbilled contract value was only at c.MYR34m as at 21 Jul 2021. Stock trades at 23.4x annualized 1HFY3/22 EPS. It is sitting on a net cash of MYR60.3m at end-Sep 2021, equivalent to about 24% of its market capitalization.

For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.

Stay Ahead, Trade Smart. Open / Comment

2022-01-24 03:58:55 UOBKH

US stocks were lower after the close on Friday, as losses in the Consumer Services, Basic Materials and Technology sectors led shares lower. At the close in NYSE, the DJIA declined 1.30% to hit a new 1-month low, while the S&P 500 index fell 1.89%, and the NASDAQ Composite index declined 2.72%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2,690 to 630 and 112 ended unchanged; on the Nasdaq Stock Exchange, 3,244 fell and 728 advanced, while 150 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) CSCENIC (7202); Technical BUY on breakout (RM0.725) with +21.4% potential return
*Last: RM0.72 Target: RM0.82, RM0.88 Stop: RM0.665
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) MENTIGA (5223); Technical BUY with +26.1% potential return
*Last: RM0.71 Target: RM0.82, RM0.895 Stop: RM0.595
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) DESTINI (7212); Technical BUY with +48.8% potential return
*Last: RM0.205 Target: RM0.28, RM0.305 Stop: RM0.17
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2022-01-24 03:32:21 Maybank IBG Research "Trader's Almanac" Regional Edition 24 Jan 2022, Potential Rotation from the US Market to Asia-Pacific Equities

The MSCI Asia Pacific ex. Japan Index bouncing off from major support zones…

The S&P 500 Index (SPX) is approaching the correction territory after losing 8.73% over the past two weeks while testing the major 200-day EMA line last Friday. The creation of the new lower low structure indicates the selling pressure remains strong and could drag the index towards the next level of support at 4,300. Meanwhile, the downtrend in the MSCI Asia Pacific ex. Japan Index since the high of 745.89 on Feb-21 could be at the tail’s end following the emergence of fresh buying interest within the key support level of: 1) major resistance-turned-support at 610; 2) major 38.2% FR level; and 3) minor 61.8% FR level. The index is set to break the downtrend channel amid the bullish divergence signal between the price (lower low structure) and the RSI (higher low structure). A breakout above 640.00 could validate the reversal signal with the next target being pegged at 660.00 and 690.00. Violation of the immediate support zones between 606.00 and 617.00 could nullify the bullish signal with the next support pegged at 573.00. In terms of relative strength between SPX and the MSCI Asia Pacific ex. Japan Index, the latter could start outperforming the former in the near term.

For this week, we highlight the stocks worth accumulating across the ASEAN regions.

MALAYSIA – Accumulate Bank Islam & CIMB Group Holdings
INDONESIA – Accumulate Chandra Asri & Perusahaan Gas Negara
PHILIPPINES – Accumulate BDO Unibank & JG Summit
SINGAPORE – Accumulate Singapore Airlines & Bumitama Agri
THAILAND – Accumulate Jay Mart & Singer Thailand
VIETNAM – Accumulate Military Commercial JSB & PetroVietnam Drilling

For complete report & charts, click the link below;
https://mkefactsettd.maybank-ke.com/PDFS/248527.pdf Open / Comment

2022-01-24 03:29:47 News Update:

1. RHB Bank Bhd has announced that its group managing director and group chief executive officer (CEO) Datuk Khairussaleh Ramli will be taking a leave of absence effective next Monday (Jan 24). The announcement comes at a time when Khairussaleh's former employer Malayan Banking Bhd is looking for a successor for its current group president and CEO Datuk Seri Abdul Farid Alias, who will step down on Aug 1.

2. Genting Malaysia Bhd (GENM) said "preparations are underway" for the opening of the Genting SkyWorlds outdoor theme park at Resorts World Genting (RWG), a key growth initiative for the casino and hotel in Malaysia and that the health and safety of guests, employees and the community remain key priorities amid lingering Covid-19 pandemic concerns.

3. TH Heavy Engineering Bhd will explore opportunities in the renewable energy (RE) sector with an injection of RE assets mainly comprising hydropower plant developments from OHP Ventures Sdn Bhd after signing a memorandum of understanding (MoU) with the latter.

4. Loss-making Woodlandor Holdings Bhd has been slapped with an unusual market activity query by Bursa Malaysia on the sharp rise in its share price and volume on Friday (Jan 21). Shares in Woodlandor hit limit up and soared 35 sen or 29.66% to RM1.53, making it the second top gainer in the local bourse.

5. Ceramic glove mould maker ES Ceramics Technology Bhd's net profit for its second quarter of financial year 2022 (2QFY22) ended Nov 30, 2021 soared 252% year-on-year to RM14.14 million from RM4.01 million a year prior, amid higher revenue and improved production activities.

6. Apparel manufacturer Jerasia Capital Bhd (JCB) said its subsidiary has defaulted on its repayment of principal and interest in financing facilities worth RM26.39 million. JCB said that it is the corporate guarantor for the financing facilities granted by RHB Bank Bhd.

7. TAFI Industries Bhd announced that it has received approval for the proposed two-for-one bonus issue of 252.95 million new ordinary shares in the company. The furniture maker has also received approval for the proposed bonus issue of warrants on the basis of one warrant for every two existing TAFI shares held on the entitlement date.

8. CTOS Digital Bhd saw its net profit for 4QFY21 ended Dec 31, 2021 fall slightly by 8.62% to RM11.78 million from RM12.89 million in the previous year due to higher administrative expenses.

24-01-2022. Open / Comment

2022-01-24 03:22:39 Maybank IBG Kopi-O (24 Jan 2022)

Nikkei 27522.3 -0.90%
Kospi 2834.3 -0.99%
SSE 3522.6 -0.91%
HSI 24965.6 0.05%
TWSE 17899.3 -1.75%
SET 1652.7 -0.26%
JCI 6726.4 1.50%
STI 3294.9 0.00%
KLCI 1527.1 -0.05%

Maybank IBG Key Calls
Thailand Property - Staying optimistic
2021 combined presales rose 5% YoY despite a 23% decrease in new launches. Moving into 2022, we est. combined new launches to jump 97% YoY, driving presales/revenue/earnings growth to a double-digit rate. We est. 4Q21 earnings to recover 26% QoQ, driving full year growth to 3%. In our view, LH, QH and PSH should see strong 4Q21 earnings rebounds QoQ while SPALI is likely to see the strongest 2021 earnings growth at 38% YoY. LH is our top Buy with decent growth expected in all its business units.

MY
o The KLCI is set for a cautious start after Wall Street tumbled last Friday while the fall in crude oil prices will also weigh on sentiment. That said, downside could be capped amid bottom fishing ahead of CNY. Planters may also benefit from the strong CPO prices. Technically, we expect the benchmark index to range between 1,515 and 1,555 today, with supports at 1,515 and 1,500.

o Plantations: MPOB reported record export revenue of MYR106.5b in 2021. Here we highlight some key observations: (1) planted area declined for a second consecutive year; (2) CPO yield fell to levels not seen since 1998; (3) PPO imports flooded the MY market; and (4) there were negative trends in downstream utilization rates. The MY government is cognizant of these challenges and is reviewing the relevant policies to ensure MY’s PO exports continue to stay competitive. Preferred BUYs are KLK, SOP and BPLANT.

o ES Ceramics Technology (ESC MK): 2QFY5/22 PATMI jumped 252% YoY, lifting 1HFY5/22 net profit to MYR23.6m (+227% YoY). The stronger 1HFY5/22 results were mainly attributable to a 115% YoY increase in revenue and margin expansion, which more than offset a higher effective tax rate. ESC’s 1HFY5/22 results benefitted from the expansion by glove makers, of which demand for gloves was partly supported by the fight against Covid-19 pandemic, though our analyst believes that the sector outlook is challenging. Stock trades at 5.8x annualized 1HFY5/22 EPS.

For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.

Stay Ahead, Trade Smart. Open / Comment

2022-01-21 04:00:54 UOBKH

US stocks were lower after the close on Thursday, as losses in the Consumer Services, Basic Materials and Technology sectors led shares lower. At the close in NYSE, the DJIA lost 0.89% to hit a new 1-month low, while the S&P 500 index lost 1.10%, and the NASDAQ Composite index fell 1.30%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2,447 to 800 and 162 ended unchanged; on the Nasdaq Stock Exchange, 2,750 fell and 1,120 advanced, while 194 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) KSSC (5192); Technical BUY with +18.5% potential return
*Last: RM0.785 Target: RM0.88, RM0.93 Stop: RM0.705
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) BOILERM (0168); Technical BUY with +19.0% potential return
*Last: RM0.975 Target: RM1.08, RM1.16 Stop: RM0.935
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) HEVEA (5095); Technical BUY on breakout (RM0.495) with +27.3% potential return
*Last: RM0.48 Target: RM0.59, RM0.63 Stop: RM0.435
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment