Info Pelaburan Saham - Maybank Investment Bank Ipoh

2022-06-23 03:54:27 UOBKH

US stocks were lower after the close on Wednesday, as losses in the Oil & Gas, Basic Materials and Industrials sectors led shares lower. At the close in NYSE, the DJIA declined 0.15%, while the S&P 500 index fell 0.13%, and the NASDAQ Composite index lost 0.15%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,709 to 1,427 and 130 ended unchanged; on the Nasdaq Stock Exchange, 1,933 fell and 1,904 advanced, while 172 ended unchanged. (Source: Investing.com).

Stocks to watch:

1) TEOSENG (7252); Technical BUY with +16.0% potential return
*Last: RM0.810 Target: RM0.915, RM0.94 Stop: RM0.745
*Timeframe: 2 weeks to 2 months
*Syariah: NO

2) ECONBHD (5253); Technical BUY with +46.2% potential return
*Last: RM0.195 Target: RM0.255, RM0.285 Stop: RM0.16
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) ROHAS (9741); Technical BUY with +27.4% potential return
*Last: RM0.31 Target: RM0.37, RM0.395 Stop: RM0.265
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2022-06-23 03:41:56 Maybank IBG Traders’ Almanac (23 Jun 2022)
Technical Trading Ideas – Seeking a Short-Term Rebound Play

Technical Trading Ideas for today:
ECO WORLD DEVELOPMENT GROUP - 8206 (MYR0.685)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.650
RESISTANCE: R1: MYR0.720, R2: MYR0.770

MESTRON HOLDINGS - 0207 (MYR0.340)
REENTRY (UNCHANGED TARGET) Shariah
STOP-LOSS: Below MYR0.315
RESISTANCE: R1: MYR0.365, R2: MYR0.395

MALAYSIAN GENOMICS RESOURCE CENTRE - 0155 (MYR0.745)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.660
RESISTANCE: R1: MYR0.780, R2: MYR0.885

ROHAS TECNIC - 9741 (MYR0.310)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.285
RESISTANCE: R1: MYR0.330, R2: MYR0.360

WCT HOLDINGS - 9679 (MYR0.440)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.415
RESISTANCE: R1: MYR0.460, R2: MYR0.490

CRUDE PALM OIL (MYR4,499)
Ongoing major correction
SUPPORT: S1: MYR4,245, S2: MYR3,850
RESISTANCE: R1: MYR4,750, R2: MYR5,250

KLCI INDEX FUTURES (1,430.00)
The “bear” regains control
SUPPORT: S1: 1,400.00, S2: 1,366.00
RESISTANCE: R1: 1,480.00, R2: 1,520.00

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

2022-06-23 03:18:10 CORPORATE NEWS
23 June 2022

• Axiata Group Bhd and PT XL Axiata Tbk (XL Axiata) have completed the acquisition of 66.03% of PT Link Net Tbk (Link Net) for 8.72 trillion Indonesian rupiah, or approximately RM2.63 billion. With the completion, Axiata’s wholly-owned subsidiaries, Axiata Investments (Indonesia) Sdn Bhd (AII) and XL Axiata now hold 46.03% and 20% respectively in Link Net previously held by Asia Link Dewa Pte Ltd and PT First Media Tbk.

• Bioalpha Holdings Bhd has formed a joint venture (JV) with Shanghai-listed Suzhou Medicalsystems Technology Co Ltd to supply health supplement products in the China market. Bioalpha said Suzhou Medicalsystems has agreed to invest 6 million renminbi (about RM3.9 million) into the JV for working capital.

• Reservoir Link Energy Bhd will transfer its listing status to the Main Market from the ACE Market effective Monday (June 27). The stock exchange said the company would be categorised under the 'Energy' sector, and that the stock short names and stock numbers for the company’s securities would remain unchanged.

• Allianz Malaysia Bhd announced the redesignation of its non-independent and non-executive director, Zakri Mohd Khir, as its new chairman effective June 23. The group said Zakri, who also served as CEO of Allianz Malaysia previously, will be replacing Tan Sri Dr Rafiah Salim who retired from the post after helming the group since May 2018.

• CIMB Group Holdings Bhd on Wednesday confirmed the appointment of Chu Kok Wei and Novan Amirudin as co-chief executive officers (co-CEOs) of its group wholesale banking business effective July 18. The announcement confirmed a report by theedgemarkets last month that the banking group was looking to split the CEO job at its group wholesale banking segment. This would result in co-CEO positions to separately oversee the treasury and markets segment as well as the corporate and investment banking segment, multiple sources familiar with the matter had said.

• Omesti Bhd has secured a three-year contract for the leasing of personal computers for Tenaga Nasional Bhd (TNB), amounting to RM25.31 million. The software and application developer said its indirect 51%-owned subsidiary Formis Network Services Sdn Bhd accepted the award from TNB on June 21.

• Deleum Bhd’s wholly-owned subsidiary Deleum Services Sdn Bhd (DSSB) has incorporated a Thailand-based subsidiary to provide software, oilfield and chemical services in Thailand. The upstream oil and gas firm said DSSB on Tuesday (June 21) incorporated Deleum Oilfield Solutions (Thailand) Co Ltd (DOST) under the laws of Thailand.

• Tenaga Nasional Bhd (TNB) announced on Wednesday (June 22) that it has signed an energy-wheeling agreement (EWA) for electricity transmission from Laos to Singapore via Thailand and Malaysia using the existing interconnection facilities owned by all countries involved. The EWA will be effective for two years beginning June 22, the national utility provider said.

• Mestron Holdings Bhd has secured a total of RM17.5 million worth of orders from telecommunication infrastructure companies since the start of the year, in line with the accelerated implementation of the National Digital Network (JENDELA). It said these works were awarded by various companies, including Smartgen Technology Sdn Bhd, Hydro Vista Sdn Bhd and OCK Setia Engineering Sdn Bhd.

• Kronologi Asia Bhd's net profit for the first quarter ended April 30, 2022 (1QFY23) slumped 45% to RM2.21 million from RM4.02 million a year earlier on increased operational costs and higher tax. The firm said revenue for the quarter dipped 2.53% to RM57.33 million from RM58.82 million previously, as stringent lockdowns experienced in China during the quarter resulted in commercial and production delays. Open / Comment

2022-06-23 03:14:57 Maybank IBG Kopi-O (23 Jun 2022)

Nikkei 26149.6 -0.37%
Kospi 2342.8 -2.74%
SSE 3267.2 -1.20%
HSI 21008.3 -2.56%
TWSE 15347.8 -2.42%
SET 1560.0 -0.92%
JCI 6984.3 -0.85%
STI 3093.3 -0.78%
KLCI 1431.1 -1.84%

Maybank IBG Key Calls
Malaysia Banking - The effect of rising interest rates
Rate hikes should generally benefit banks’ earnings and positively, the ROEs of most banks could return to over 10% in FY23 as a result. Additionally, we think that current MGS yields seem to already reflect future rate increases and thus future MTM losses are likely to be contained, if any at all. Moreover, we believe banks have sufficient provisions to buffer against potential asset quality issues arising from higher borrowing costs.

MY
o The subdued performance in overnight Wall Street amid recession concerns as well as the wait for Malaysia CPI data on Friday will give the bears the upper hand today. O&G and plantation stocks will continue to face selling pressure after commodity prices tanked. Technically, we expect the KLCI to range between 1,420 and 1,450pts today, with supports at 1,400 and 1,350pts.

o Mestron (MESTRON MK): Secured contracts worth MYR17.5m under the JENDELA Phase 1 project since its rollout five months ago. The contracts came from various customers, namely Smartgen Technology S/B, Hytro Vista S/B and OCK Setia Engineering S/B. The projects are expected to be delivered by Aug 2022. MESTRON targets to win another MYR20m worth of contracts over the next six months from its telco segment. Stock is trading at 57.5x annualised 1Q22 EPS.

o Omesti (OMST MK): Its indirect 51%-owned subsidiary Formis Network Services S/B was awarded a MYR25.3m contract by Tenaga Nasional (TNB MK, TP: MYR9.30, HOLD) for the leasing of personal computers for a duration of three years, commencing on 21 Jun 2022. Its earnings track record, however, has been volatile (loss making in seven out of the past eight years). But it owns 50.6% equity interest in Microlink Solutions (MICL MK, CP: 0.58, Not Rated). Stock trades at a PB of 1.0x. Warrants are out-of-the-money.

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

2022-06-22 03:43:03 UOBKH

US stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Consumer Goods and Telecoms sectors led shares higher. At the close in NYSE, the DJIA gained 2.15%, while the S&P 500 index added 2.45%, and the NASDAQ Composite index climbed 2.51%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2,335 to 852 and 103 ended unchanged; on the Nasdaq Stock Exchange, 2,678 rose and 1,218 declined, while 160 ended unchanged. (Source: Investing.com).

Stocks to watch:

1) ATAIMS (8176); Technical BUY with +39.7% potential return
*Last: RM0.340 Target: RM0.435, RM0.475 Stop: RM0.27
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) PCCS (6068); Technical BUY with +23.0% potential return
*Last: RM0.435 Target: RM0.49, RM0.535 Stop: RM0.405
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) COMFORT (2127); Technical BUY on breakout (RM0.66) with +28.6% potential return
*Last: RM0.63 Target: RM0.765, RM0.81 Stop: RM0.555
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2022-06-22 03:36:05 Trading Stocks today:

1. Muar Ban Lee Group (5152) (RM0.41): Technical Buy
Targets: RM0.45, RM0.475
Stop: RM0.36

2. SKP Resources (7155) (RM1.63): Technical Buy
Targets: RM1.70, RM1.81
Stop: RM1.52 Open / Comment

2022-06-22 03:32:30 CORPORATE NEWS
22nd June 2022

• Petronas Gas Bhd (PetGas) has awarded a RM92 million contract to undertake a gas pipeline extension to a consortium comprising Carimin Engineering Services Sdn Bhd and I Drill Pipelines Constructions Sdn Bhd. The job involves the construction of about 10km of lateral pipeline and metering station to supply natural gas to a paper making plant belonging to ND Paper Malaysia (Selangor), which is part of China's Nine Dragons Paper Ltd.  

• Digital solutions provider Green Packet Bhd has announced the appointment of Datuk Firmansyah Aang Muhamad as its independent and non-executive chairman. He replaces Tan Sri Omar Abdul Rahman, who has retired after holding the post for 18 years.

• Astro Malaysia Holdings Bhd's net profit for the first quarter ended April 30, 2022 fell 29.19% to RM100.02 million from RM141.25 million a year earlier, due to factors that included higher net financing costs amid unfavourable unrealised foreign exchange loss. Revenue dropped 9.36% to RM962.09 million from RM1.06 billion, following a decrease in subscription revenue and merchandise sales. Astro declared its first interim dividend of 1.25 sen per share, to be paid on July 20.

• Dynaciate Group Bhd has proposed to acquire a freehold industrial land measuring 7,690 sq metres in Nilai, Negeri Sembilan from a unit of Sime Darby Property Bhd to expand its property portfolio. The property belonging to Sime Darby Property (Nilai) Sdn Bhd in Setul district consists of a single-storey factory building with a two-storey office building

• Yinson Holdings Bhd’s rights issue to raise some RM1.19 billion was oversubscribed by 22.31% as at close of acceptance on June 14. The valid acceptance and excess applications totalled 1.03 billion rights shares, against the 844.2 million rights shares made available for subscription.

• UWC Bhd has reported its highest ever quarterly net profit of RM28.71 million, supported by forex gains and higher operating income. The net profit registered for the third quarter ended April 30, 2022 is 24.62% higher than the RM23.04 million posted a year earlier. Quarterly revenue rose 21.66% to RM87.32 million from RM71.78 million, fuelled by continued demand from the group’s global customers.

• Inix Technologies Holdings Bhd is changing its name to Zen Tech International Bhd effective Thursday (June 23).

• Bina Puri Holdings Bhd has proposed to raise some RM27 million via a private placement and rights issue. The construction company plans to raise RM21.57 million via a private placement of up to 479.29 million shares or 30% of its total issued shares at an issue price to be determined later. Open / Comment

2022-06-22 03:27:54 Maybank IBG Kopi-O (22 Jun 2022)

Nikkei 26246.3 1.84%
Kospi 2408.9 0.75%
SSE 3306.7 -0.26%
HSI 21559.6 1.87%
TWSE 15728.6 2.35%
SET 1574.5 0.98%
JCI 7044.1 0.97%
STI 3117.5 0.68%
KLCI 1457.9 1.15%

Maybank IBG Key Calls
CTOS Digital Berhad - Planning on making a general offer to acquire RAM Holdings
CTOS plans to make a general offer on the remaining shareholders of RAM at an indicative equity valuation of RM280-300m. We expect CTOS’ shareholding could increase from 19.2% currently, to between 51% and 81%. The offer will be debt-funded, and likely to be earnings accretive, given attractive acquisition multiple of <20x, realising synergies and tapping on the SME market. We maintain BUY rating and forecasts, but trim our TP to RM1.86, based on lower regional median PEG of 2.0x (from 2.2x).

MY
o Buoyed by gains in overnight US markets, the KLCI is set to extend its upward trajectory, though trading could be choppy as concerns over economic downturn and inflation linger. O&G and plantation stocks will remain choppy due to the volatility in commodity prices. Technically, we expect the benchmark index to range between 1,445 and 1,485 today, with supports at 1,452 and 1,400.

o Cypark Resources (CYP MK): We visited Cypark’s waste-to-energy (WTE) plant in Ladang Tanah Merah, Negeri Sembilan, along with some fund managers and analysts for a briefing and tour of the facility. The WTE plant is currently under testing and commissioning stage and scheduled for commercial operation (COD) by September 2022. Our revised MYR1.01 TP (MYR1.35 previously) is based on SOP, after imputing new estimated commissioning timeframe for its WTE, LSS2 and LSS3 projects. Our valuation implies FY22E PER of 15.2x. Maintain BUY.

o Handal Energy (HDL MK): Its 51%-owned subsidiary Borneo Seaoffshore Engineering S/B secured three new purchase orders and one contract extension from new and existing clients. The contracts do not have any specified value as they are on call-out basis. The contract win should be well received by investors as a strong pipeline will help to sustain its turnaround. That said, its order book is largely based on call-outs and there is no certainty that work orders of high values will be issued in the near term. The stock is trading at a PB of 0.4x.

o UWC (UWC MK): Reported a net profit of MYR28.7m in 3QFY7/22 (+25% YoY), lifting 9MFY7/22 PATMI to MYR76.8m (+7% YoY). The stronger 3QFY7/22 results were mainly attributable to higher revenue and margins expansion. The World Semiconductor Trades Statistics expect the worldwide semiconductor market to grow by 10.4% in 2022, and UWC anticipates positive prospects for the industries that it is participating in, namely semiconductor, life science and 5G technology. Stock trades at 24.7x consensus FY7/23 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