Info Pelaburan Saham - Maybank Investment Bank Ipoh

2021-09-13 04:01:40 News Update:

Fintec Global emerges as substantial shareholder of NetX
AT Systematization to acquire 25.9% in D’Nonce for RM65m at 80 sen per share
Vsolar acquires stakes in property developers Meridian and Symphony Life for RM15m cash
Kerjaya Prospek secures RM126.1m contract from UEM Sunrise for residential development project in Petaling
Khazanah raises RM664.5m from CIMB share placement
Globaltec Formation announces first ever dividend of three sen per share as it closes FY21 on a record high profit
Greatech buys industrial land from Penang Development Corp worth RM16.8m for capacity expansion
Palm oil mills builder Econscience seeks ACE Market listing
Gamuda Land to unveil Phase 1 of Gardens Square in October
Techna-X narrowed net loss to RM57.39mil for 1H FY21
Bintai Kinden clarifies healthcare unit, partner not appointed by Duopharma as Sinopharm's Covid-19 vaccine distributor
Ibraco plans private placement to raise up to RM23m for property development
SCIB clinches RM16.28m EPCC contract in Johor
Palm oil mills builder Econscience seeks ACE Market listing
SLP Resources temporarily halts Kulim plant operations as workers test positive for Covid-19
Bursa weighs in on Sanichi’s rare update on major shareholder cessation; latter's share price nears record low
RAM Ratings assigned AA1/Stable on Widad's sukuk program
Leon Fuat net earnings for Q2 leapt 1,110.1pc for Q2
Top Glove resumes glove exports to the US
Proponents of PSR project must submit new EIA report
LYC Healthcare forms new unit to explore data centre related projects

13/09/2021 Open / Comment

2021-09-13 03:55:52 UOBKH
Stocks to watch:

1) REXIT (0106); Technical BUY with +20.2% potential return
*Last: RM0.890 Target: RM0.995, RM1.07 Stop: RM0.825
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) GBGAQRS (5226); Technical BUY with +23.7% potential return
*Last: RM0.570 Target: RM0.655, RM0.705 Stop: RM0.495
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) COMPLET (5136); Technical BUY with +27.0% potential return
*Last: RM1.41 Target: RM1.62, RM1.79 Stop: RM1.24
*Timeframe: 2 weeks to 2 months
*Syariah: NO Open / Comment

2021-09-13 03:24:15 Maybank Kim Eng Technical Research Regional Traders’ Almanac 20210913 ASEAN Equities: The All-Powerful Golden Crossover Signal Appears

Support intact, new higher low structure in place and there’s a golden crossover signal…
The mid-week reversal culminated into a “morning star” candlestick pattern – suggesting the index is set to resume the prior uptrend. Backed by an uptick in the RSI and the powerful golden crossover signal between the 50 and 200-day EMA lines, we expect the uptrend to continue in the near term.

The index is set to re-challenge the upper resistance zones ahead. For this week, we highlight a pair of buy/sell stocks for markets across the ASEAN region.
MALAYSIA – Buy Cypark Resources & Sell EP Manufacturing
INDONESIA – Buy Charoen Pokphand & Sell Bank Rakyat Agro
PHILIPPINES – Buy Ayala Land & Sell D.M. Wenceslao
SINGAPORE – Buy DBS & Sell Yinda Infocomm
THAILAND – Buy Bangkok Dusit Medical & Sell Sri Trang Gloves
VIETNAM – Buy Mobile World Dev. & Sell Hoang Anh Gia Lai

Link to download full report
https://mkefactsettd.maybank-ke.com/PDFS/233840.pdf Open / Comment

2021-09-13 03:23:00 Maybank Kim Eng Kopi-O (13 Sep 2021)

Nikkei 30381.8 1.25%
Kospi 3125.8 0.36%
SSE 3703.1 0.27%
HSI 26205.9 1.91%
TWSE 17474.6 0.98%
SET 1635.4 0.38%
JCI 6094.9 0.44%
STI 3098.8 0.88%
KLCI 1576.0 -0.18%

MKE Key Calls
Sea Ltd (SE US) - Southeast Asian Champion
We believe Sea is one of the best proxies to ride the ASEAN digitisation theme, given Shopee’s position as the top e-commerce app regionally, which paves the way for user conversion into digital finance. Growth in these segments appear at an early stage, and investments are funded by cash generative Garena via the Free Fire franchise. Initiate BUY with TP of USD378. Key risk is revenue concentration, as we think Free Fire accounts for a significant portion of current gross profitability.

MY
o The KLCI will likely continue its pattern of range-bound trading after Wall Street ended weaker last week. Plantation stocks may extend its downward trajectory after CPO prices skidded but the relaxation of SOP should help to revive economic activities, which will lend support to market sentiment. Technically, we expect the benchmark index to range between 1,560 and 1,590 today, with supports at 1,555 and 1,527.

o Sarawak Oil Palms (SOP MK): While SOP has revised down its FFB output guidance for FY21E, it is still anticipating better HoH output in 2H21. And SOP will likely continue to enjoy the high CPO ASP thus far in 2H21 given its minimal forward sales. We are keeping our earnings forecasts, and TP of MYR5.80 on unchanged 14x FY22E PER peg, its 5Y mean. It trades at just 8x FY21E PER and unadjusted EV/ha of MYR28,000 (near replacement cost). BUY.

o Kerjaya Prospek (KPG MK): Was awarded a contract by Sunrise Alliance S/B, a subsidiary company of UEM Sunrise (UEMS MK, BUY, TP: MYR0.43) to undertake building works for a proposed residential development project in Bandar Putra Permai, Selangor. The MYR126.1m contract is Kerjaya’s fifth win of the year, lifting its YTD win to MYR649.6m. Stock is trading at 10.4x consensus FY22 EPS.

o Sarawak Consolidated (SCIB MK): Its wholly-owned subsidiary SCIB Infraworks S/B was awarded a MYR16.3m engineering, procurement, construction and commissioning contract for the development of a solid waste transfer station in Pontian, Johor. This contract award will help to replenish its outstanding order book which stood at MYR2.4b as at Jun 2021. Stock is trading at 8x annualised FY6/21 core 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

2021-09-10 04:24:08 News Update:

Bank Negara keeps policy rate at 1.75pct
Number of unemployed up slightly in July 2021 — DOSM
MPOA urges govt to lift freeze on foreign worker recruitment for palm oil industry at 'breaking point'
Malaysia aims to have 5G coverage in 80% of populated areas by end 2024 Tengku Zafrul
DNeX unit SilTerra's key personnel held by MACC for questioning
Pasukhas to set up consortium with Porto Three sixty, Perbadanan Ketua Menteri Melaka

10-09-2021 Open / Comment

2021-09-10 04:04:03 Maybank Kim Eng Kopi-O (10 Sep 2021)

Nikkei 30008.2 -0.57%
Kospi 3114.7 -1.53%
SSE 3693.1 0.49%
HSI 25716.0 -2.30%
TWSE 17304.3 0.20%
SET 1629.1 -0.69%
JCI 6068.2 0.70%
STI 3071.7 0.09%
KLCI 1578.9 -1.17%

MKE Key Calls
Philippines Consumer - Still trying
The Philippines has already breached 2.1m COVID-19 cases since the onset of the pandemic. As of 08 Sept, the positivity rate is at 28.1%, ICU bed utilization rate is above the critical 70% threshold and an estimated 70% of transmissions attributed to the Delta variant. With data from the Department of Health (DOH) indicating that NCR and CALABARZON (Region 4A) account for 50% of total active cases, the government extended the modified enhanced community quarantine (MECQ) restriction over NCR, Cavite, Rizal, Laguna and Bulacan until 15 Sep.

MY
o Expect the market to trade in a cautious mode as the weaker overnight Wall Street will weigh on sentiment. Investors will also take a more cautious stance ahead of the weekend break. Technically, we expect the KLCI to range between 1,550 and 1,600 today, with supports at 1,555 and 1,527.

o Sasbadi (SASB MK): its wholly-owned The Malaya Press S/B (TMP) was awarded a MYR0.72m contract by the Ministry of Education to publish, print and supply the textbook. The contract is from 8 Sep 2021 to 7 Sep 2024. The first tranche (MYR0.36m) is expected to be delivered in 2QFY8/22. YTD, share price has risen by 40%. Stock is trading at a P/B of 0.6x.

o Leon Fuat (LEFU MK): 2Q21 PATMI grew 12x YoY to MYR32.1m, which brought 1H21 PATMI to MYR68.2m (18x YoY). The stronger 1H21 results were mainly attributable to higher tonnage sales coupled with higher selling prices. No dividend was declared for the quarter. YTD, stock price has risen 87%. Stock is trading 2.8x annualized 1H21 EPS of 40sen.

o Pasukhas (PSK MK): Entered into a MoU with Porto Three Sixty S/B and Perbadanan Ketua Menteri Melaka to collectively tender for a public-private partnership project at Sungai Udang, Melaka. Under the MoU, the consortium, in which Pasukhas has a majority stake, will construct and operate a waste treatment plant/ waste to energy plant under a build, operate and transfer model. A point of caution is that PSK has been in the red since FY18, only to report a PATMI of MYR0.3m in 1Q21. Stock trades at a P/B of 1.5x.

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

2021-09-10 04:01:50 **UOBKH**
Stocks to watch:

1) MINHO (5576); Technical BUY on breakout (RM0.34) with +30.9% potential return
*Last: RM0.335 Target: RM0.415, RM0.445 Stop: RM0.305
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) DANCO (5276); Technical BUY with +20.3% potential return
*Last: RM0.615 Target: RM0.695, RM0.740 Stop: RM0.565
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) MAYBULK (5077); Technical BUY with +19.3% potential return
*Last: RM0.750 Target: RM0.845, RM0.895 Stop: RM0.685
*Timeframe: 2 weeks to 2 months
*Syariah: NO Open / Comment

2021-09-10 03:28:11 Maybank Investment Bank Technical Research Traders’ Almanac 20210910 Technical Trading Ideas – Healthy Correction After Recent Rally

Trading Ideas for today:
AWANBIRU TECHNOLOGY (MYR0.845)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.765
RESISTANCE: R1: MYR0.895, R2: MYR0.965

ABLE GLOBAL (MYR1.66)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR1.57
RESISTANCE: R1: MYR1.74, R2: MYR1.85

GABUNGAN AQRS (MYR0.550)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.515
RESISTANCE: R1: MYR0.595, R2: MYR0.635

IREKA CORPORATION (MYR0.615)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.560
RESISTANCE: R1: MYR0.660, R2: MYR0.720

POWER ROOT (MYR1.36)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR1.29
RESISTANCE: R1: MYR1.46, R2: MYR1.56

CRUDE PALM OIL (MYR4,392)
Little setback, uptrend intact
SUPPORT: S1: MYR4,284, S2: MYR4,160
RESISTANCE: R1: MYR4,530, R2: MYR4,616

KLCI INDEX FUTURES (1,563.50)
Selling pressure emerges, again
SUPPORT: S1: 1,560.00, S2: 1,545.00
RESISTANCE: R1: 1,593.00, R2: 1,610.50

For full charts and reports, link as below:
https://mkefactsettd.maybank-ke.com/PDFS/233721.pdf Open / Comment