Info Pelaburan Saham - Maybank Investment Bank Ipoh

2021-08-26 05:50:47 EXTERNAL COMMUNICATION

Dear valued clients,

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Thank you. Open / Comment

2021-08-26 04:19:24 Maybank Investment Bank Technical Research Traders’ Almanac 20210826 Technical Trading Ideas – Buying Interest Remains High

Trading Ideas for today:
AIRASIA GROUP (MYR0.895)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.820
RESISTANCE: R1: MYR0.960, R2: MYR1.04

KPOWER (MYR0.800)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.710
RESISTANCE: R1: MYR0.865, R2: MYR0.965

PARAGON GLOBE (MYR0.810)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.725
RESISTANCE: R1: MYR0.890, R2: MYR0.995

PUNCAK NIAGA HOLDINGS (MYR0.405)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.360
RESISTANCE: R1: MYR0.445, R2: MYR0.510

TRI-MODE SYSTEM (M) (MYR0.695)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.620
RESISTANCE: R1: MYR0.750, R2: MYR0.810

CRUDE PALM OIL (MYR4,365)
Next resistance on the cards
SUPPORT: S1: MYR4,255, S2: MYR4,160
RESISTANCE: R1: MYR4,410, R2: MYR4,530

KLCI INDEX FUTURES (1,571.00)
No sign of slowing down yet
SUPPORT: S1: 1,557.00, S2: 1,527.00
RESISTANCE: R1: 1,584.00, R2: 1,600.00

For full charts and reports, link as below:
https://mkefactsettd.maybank-ke.com/PDFS/232004.pdf Open / Comment

2021-08-26 04:07:15 Maybank Kim Eng Kopi-O (26 Aug 2021)

Nikkei 27724.8 -0.03%
Kospi 3146.8 0.27%
SSE 3540.4 0.74%
HSI 25694.0 -0.13%
TWSE 17045.9 1.35%
SET 1600.5 0.85%
JCI 6113.2 0.39%
STI 3107.5 0.00%
KLCI 1569.8 1.06%

MKE Key Calls
Genting Plantations (GENP MK) – 2Q results beats estimates
2Q21 core PATMI beat our/consensus estimates on strong upstream and downstream performances. 2Q’s earnings momentum is likely to be sustained into 3Q21 on better CPO ASP and output, which should more than offset the anticipated weakness in downstream and premium outlet JV contributions. Following our EPS upgrade, we raise our TP to MYR9.50 (from MYR8.96 on 30x FY22E PER) on 29x FY22E PER, its updated -0.5SD 8Y mean. Maintain BUY. GENP declares a 11sen DPS (ex-date: 9 Sep).

MY
o After rising for four consecutive trading days, profit taking may accelerate though the bulls continue to have the upper hand, thanks to the firmer Wall Street overnight. O&G and plantation stocks may gain traction after oil price and CPO price ended higher. Easing political uncertainty could also soothe sentiment paving the way for better bias ahead. Technically, we expect the KLCI to range between 1,540 and 1,580 today, with supports at 1,527 and 1,500.

o Boustead Plantations (BPLANT MK): 1H21 PATMI was already at our full-year estimate as BPLANT benefited fully from the high CPO ASP. Its 2.3sen 2nd interim DPS is a pleasant surprise, bringing 1H DPS to 2.6sen. As we expect BPLANT to continue its strong earnings delivery in 3Q21 on present high CPO ASP, we raise our FY21E DPR to 80% (from 60%) of core PATMI just for this year. Trading at just 0.5x PBV and EV/planted ha of ~MYR33,000, BPLANT remains a BUY and is a prime privatisation target. We raise our RNAV-TP to MYR0.81.

o Sime Darby Bhd (SIME MK): FY21 core net profit of MYR1.2b (+18% YoY) accounted for 110% of our estimate. We are optimistic of a stronger FY22, for its: (i) industrial & (ii) motor ops will leverage on the commodity cycle, infrastructure capex spending and consumer recovery plays. Sime is also ready to ride on the EV agenda. We continue to see values (earnings growth, dividend yield upside). Maintain BUY. Our SOP-based TP is unchanged.

o D&O Green Technologies (DOGT MK): Reported a net profit of MYR26.8m in 2Q21 (+38x YoY), lifting its 1H21 PATMI to MYR53.3m (+10x YoY). Excluding one-off net loss (mainly impairment on inventory and ESOS expenses), its 1H21 core net profit rose 447% YoY to MYR59.3m. DOGT is set to benefit from increased LED applications in newer car designs. Stock trades at 42.4x consensus FY22 EPS. Its net gearing stood at 0.1x at end-Jun 2021.

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

2021-08-26 04:06:13 *Key News*

Sunway returns to the black with RM70.52mil in Q2, positive contribution from all segments
Deleum returns to the black in Q2, positive contribution from oilfield services segment
Matrix Concepts posted positive Q1 earnings, on track to meet RM1.2bil sales target for FY22
Lagenda Properties partners with Solarvest to build largest residential PV systems in Perak
Reservoir Link posts positive Q2 earnings, banking on global energy sector recovery
MSM Malaysia turns in profit in Q2, driven by increased premium, refined sugar export
Sime Darby's FY21 net profit catapults 74.4pct to RM1.43bil, revenue at RM44.48bil
Petronas Chemicals' Q2 net profit surges 878.9pct to RM1.86bil, revenue at RM5.61bil
Petronas Chemicals Group Bhd's (PetChem) net profit catapulted 878.9 per cent
Prestar's Q2 net profit at RM19.22mil, reversing losses a year ago
Creador places out 158.5 million MR DIY shares between RM3.60 and RM3.68 apiece
Strong steel prices, demand boost Prestar Resources' 2Q profit to RM19.2 mil
Amway 2Q net profit lower at RM7.85 mil, expects strong revenue growth
Allianz Malaysia's 2Q net profit dips to RM145.41 million
Syarikat Takaful 2Q profit drops 19% q-o-q; increases y-o-y
Heineken returns to the black in 2Q with RM25 mil net profit, declares 15 sen dividend
Symphony Life's largest shareholder calls for EGM to remove, replace three directors following disagreement in company's direction
Genting Plantations’ 2Q net profit up more than four-fold y-o-y; declares 11 sen dividend
MBSB 2Q net profit surges 536% q-o-q amid impairment write-backs
Quantum leap in D&O 2QFY21 profit on improved gross margin
Sam Engineering reports better 1Q top and bottom line growth

Thurday: 26-08-2021 Open / Comment

2021-08-26 03:55:14 UOBKH
Stocks to watch:

1) JAYCORP (7152); Technical BUY with +9.7% potential return
*Last: RM1.65 Target: RM1.74, RM1.81 Stop: RM1.57
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) KPOWER (7130); Technical BUY with +46.3% potential return
*Last: RM0.80 Target: RM1.02, RM1.17 Stop: RM0.705
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) ABLEGLOB (7167); Technical BUY with +14.5% potential return
*Last: RM1.52 Target: RM1.66, RM1.74 Stop: RM1.42
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2021-08-25 04:13:50 Maybank Kim Eng Kopi-O (25 Aug 2021)

Nikkei 27732.1 0.87%
Kospi 3138.3 1.56%
SSE 3514.5 1.07%
HSI 25727.9 2.46%
TWSE 16818.7 0.46%
SET 1587.0 0.31%
JCI 6089.5 -0.33%
STI 3107.6 0.65%
KLCI 1553.4 2.03%

MKE Key Calls
Public Bank (PBK MK) - Adequate buffers
Public Bank’s share price has declined 9% YTD from a high of MYR4.45 in Mar 2021, and valuations are decent. Provision buffers are more than sufficient and we expect any modification loss to be manageable. We upgrade Public Bank to a BUY with an unchanged TP of MYR4.65, pegged to a FY22 PBV of 1.7x, supported by an ROE of 12.2%.

MY
o The KLCI is expected to track overnight Wall Street gains. O&G stocks will remain in the limelight after oil price spiked. Trading, however, could remain volatile as profit taking may accelerate after 3-day rally. Technically, we expect the benchmark index to range between 1,535 and 1,570 today, with supports at 1,527 and 1,500.

o TSH Resources (TSH MK): 1H21 core PATMI was above our/consensus expectations due to high CPO ASP achieved and strong output growth. We anticipate 1H’s earnings to be broadly sustained into 2H on still good CPO ASP and output. Following our earnings upgrade on higher CPO ASP, we raise our TP slightly to MYR1.46 on 21x FY22E PER peg (from MYR1.40 on 21.5x FY22E PER) on updated -1SD 5Y mean. Maintain BUY.

o JF Technology (JFTB MK): 4QFY6/21 net profit rose 13% YoY after reporting its highest-ever quarterly turnover of MYR10.2m (+25% YoY). On a full-year basis, its FY6/21 PATMI jumped 89%. JFTB is to ride along the upward trajectory of the global semiconductor industry. Production expansion in Malaysia as well as the commencement of its China manufacturing facility in 4Q21 will help sustain earnings momentum. Share price has risen 25% YTD. It is sitting on a net cash of MYR82m at end-Jun 2021.

o Press Metal (PMAH MK): Reported a 184% YoY jump in 2Q21 net profit. This took 1H21 PATMI to MYR461.3m (+139% YoY). Excluding one-off net loss of MYR29.2m (mainly forex loss), its 1H21 core net profit surged 135% YoY to MYR490.5m. 2H21 earnings will be driven by favourable aluminium price outlook (Jul 2021-todate averaged: USD2,533 vs. USD1,705 in 3Q20), economic recovery, as well as its phase-3 expansion, which is expected to be fully commission in 4Q21. Stock trades at 22.3x consensus FY22 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

2021-08-25 03:59:21 Maybank Investment Bank Technical Research Traders’ Almanac 20210825 Technical Trading Ideas – Gearing Up for Stronger Recovery Phase

Trading Ideas for today:
BERJAYA LAND (MYR0.280)
ACCUMULATE (TECHNICAL)
STOP-LOSS: Below MYR0.250
RESISTANCE: R1: MYR0.310, R2: MYR0.345

CAHYA MATA SARAWAK (MYR1.23)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR1.08
RESISTANCE: R1: MYR1.34, R2: MYR1.50

CYPARK RESOURCES (MYR0.950)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.870
RESISTANCE: R1: MYR1.00, R2: MYR1.08

KUMPULAN H & L HIGH-TECH (MYR4.85)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR4.44
RESISTANCE: R1: MYR5.32, R2: MYR5.99

UNITED U-LI CORPORATION (MYR1.31)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR1.16
RESISTANCE: R1: MYR1.43, R2: MYR1.57

CRUDE PALM OIL (MYR4,300)
Trend structure remains supportive
SUPPORT: S1: MYR4,255, S2: MYR4,160
RESISTANCE: R1: MYR4,365, R2: MYR4,530

KLCI INDEX FUTURES (1,555.50)
Testing the 200-day resistance line
SUPPORT: S1: 1,527.00, S2: 1,500.00
RESISTANCE: R1: 1,557.00, R2: 1,600.00

For full charts and reports, link as below:
https://mkefactsettd.maybank-ke.com/PDFS/231754.pdf Open / Comment

2021-08-25 03:43:18 UOBKH
Stocks to watch:

1) PRESTAR (9873); Technical BUY with +28.4% potential return
*Last: RM0.705 Target: RM0.815, RM0.905 Stop: RM0.640
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) DAYANG (5141); Technical BUY on breakout (RM1.13) with +26.5% potential return
*Last: RM1.10 Target: RM1.33, RM1.43 Stop: RM0.995
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) SCGBHD (0225); Technical BUY with +25.6% potential return
*Last: RM0.43 Target: RM0.495, RM0.54 Stop: RM0.385
*Timeframe: 2 weeks to 2 months
*Syariah: NO Open / Comment