Info Pelaburan Saham - Maybank Investment Bank Ipoh

2022-03-02 04:33:37 Maybank IBG Research Traders’ Almanac 2 Mar 2022 Technical Trading Ideas – Selective Buying Interest

Trading Ideas for today:
GOLDEN PHAROS (MYR0.355)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.305
RESISTANCE: R1: MYR0.395, R2: MYR0.450

RESINTECH (MYR0.995)
REENTRY (NEW TARGET) Shariah
STOP-LOSS: Below MYR0.885
RESISTANCE: R1: MYR1.06, R2: MYR1.20

SCICOM (MSC) (MYR1.26)
ACCUMULATE (TECHNICAL)
STOP-LOSS: Below MYR1.15
RESISTANCE: R1: MYR1.34, R2: MYR1.45

S P SETIA (MYR1.35)
REENTRY (NEW TARGET) Shariah
STOP-LOSS: Below MYR1.25
RESISTANCE: R1: MYR1.45, R2: MYR3.

INNATURE (MYR0.700)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.655
RESISTANCE: R1: MYR0.740, R2: MYR0.800

CRUDE PALM OIL (MYR6,694)
Overwhelming momentum
SUPPORT: S1: MYR6,125, S2: MYR6,000
RESISTANCE: R1: MYR7,000, R2: MYR7,250

KLCI INDEX FUTURES (1,583.00)
Struggling to take out resistance
SUPPORT: S1: 1,554.00, S2: 1,530.00
RESISTANCE: R1: 1,614.50, R2: 1,631.00

For full charts and reports, link as below:
https://mkefactsettd.maybank-ke.com/PDFS/254277.pdf Open / Comment

2022-03-02 04:29:44 UOBKH

US stocks were lower after the close on Tuesday, as losses in the Financials, Industrials and Basic Materials sectors led shares lower. At the close in NYSE, the DJIA fell 1.76%, while the S&P 500 index fell 1.55%, and the NASDAQ Composite index fell 1.59%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2,001 to 1,268 and 117 ended unchanged; on the Nasdaq Stock Exchange, 2,521 fell and 1,361 advanced, while 201 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) KOSSAN (7153); Technical BUY with +31.5% potential return
*Last: RM1.78 Target: RM2.07, RM2.34 Stop: RM1.64
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) EITA (5208); Technical BUY on breakout (RM0.875) with +13.7% potential return
*Last: RM0.86 Target: RM0.96, RM0.995 Stop: RM0.815
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) MAHSING (8583); Technical BUY on breakout (RM0.71) with +22.5% potential return
*Last: RM0.695 Target: RM0.825, RM0.87 Stop: RM0.645
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2022-03-02 04:27:41 Maybank IBG Kopi-O (2 Mar 2022)

Nikkei 26844.7 1.20%
Kospi 2699.2 -
SSE 3488.8 0.77%
HSI 22761.7 0.21%
TWSE 17898.3 1.39%
SET 1694.3 0.54%
JCI 6921.4 0.48%
STI 3278.6 1.12%
KLCI 1596.4 -0.74%

Maybank IBG Key Calls
Gamuda - A step closer towards its regional goal
Gamuda’s MYR6.5b new tunnel project in Australia, its single largest overseas contact secured, has lifted its outstanding E&C orderbook to MYR10.4b. Gamuda is now a step closer towards its ambition to become a regional tunnelling contractor. Tenders will continue; the internal target is a MYR20b orderbook by end-FY23. We maintain our earnings estimates for now. Our TP of MYR4.00 is based on 1x RNAV. Maintain BUY.

MY
o Expect selling pressure to intensify amid concerns over external headwinds such as the Russia-Ukraine conflicts. Higher commodity prices, however, may lend support to the O&G sector as well as plantation stocks. Technically, we expect the KLCI to range between 1,570pts and 1,620pts today, with supports at 1,570 and 1,530.

o Bank Islam Malaysia (BIMB MK): Bank Islam’s FY21 earnings were below expectations largely on account of higher provisions against a lumpy corporate financing that defaulted during the period. Pending a briefing today, we lower our FY22/23E earnings forecasts by 8%/6%. Nevertheless, we roll forward valuations to FY23 and peg on a PBV of 1x for a TP of MYR3.40 (+20sen), supported by an estimated ROE of 10%. BUY maintained.

o Tan Chong Motor (TCM MK): FY21 core results were within our FY estimate, on stronger 4Q21 showings, especially at its MY ops. The sub-par FY21 is well-flagged and we remain positive of its recovery in FY22, on stronger consumer spending postpandemic. Our TP is pegged to 16x FY22 PER (mean valuations).

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

2022-03-02 04:24:55 Bursa market outlook: Key reversal pattern seen..

Asian markets continued on their climb yesterday as talks between Russia and Ukraine fueled hopes for amicable solution. The local benchmark FBMKLCI (KLCI) bucked the regional trend, giving back 11.84pts or 0.74% to end the day at 1,596.44. Sector-wise, it was a red day with only construction (+1.82%), healthcare (+1.31%), property (+0.74%) and telecommunication (+0.43%) ending the day in positive territory. Energy (-1.25%), transportation (-0.92%) and utilities (-0.78%) were among the laggards for the day. Trading volume fell to 3.21bn (3.48bn previously) while trading value dropped to RM3.25bn (RM3.97bn previously). Market breadth stayed negative again with 404 gainers losing out to 566 decliners.

The benchmark rallied further intra-day and tested the 1,618-1,625 critical resistance but buying momentum could not be sustained. Strong bouts of profit taking activities dragged the benchmark back below the 1,600 psychological mark at the end of the day, forming an outside bar bearish key reversal pattern. This key reversal pattern likely signals that a pullback is next on the cards for KLCI. Expect some sideways chop near term with a negative bias with strong support only at 1,570-1,580. On the upside, 1,613 and the said critical resistance ought to put a lid on the market in the near-term. Our portfolio stays in risk-on mode now. Our portfolio stays in risk-on mode now.

2nd Mar 2022
CGS-CIMB Open / Comment

2022-03-01 04:35:09 Maybank IBG Research Traders’ Almanac 1 Mar 2022 Technical Trading Ideas – Mixed Performance, Volatility Lies Ahead

Trading Ideas for today:
CYCLE & CARRIAGE BINTANG (MYR2.35)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR1.98
RESISTANCE: R1: MYR2.42, R2: MYR2.75

KEIN HING INTERNATIONAL (MYR1.12)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.985
RESISTANCE: R1: MYR1.20, R2: MYR1.35

LAGENDA PROPERTIES (MYR1.45)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR1.34
RESISTANCE: R1: MYR1.58, R2: MYR1.72

OM HOLDINGS (MYR3.11)
ACCUMULATE (TECHNICAL)
STOP-LOSS: Below MYR2.80
RESISTANCE: R1: MYR3.35, R2: MYR3.87

OSK HOLDINGS (MYR0.890)
ACCUMULATE (TECHNICAL)
STOP-LOSS: Below MYR0.860
RESISTANCE: R1: MYR0.930, R2: MYR0.990

CRUDE PALM OIL (MYR6,207)
Uptrend at risk
SUPPORT: S1: MYR6,000, S2: MYR5,750
RESISTANCE: R1: MYR6,695, R2: MYR7,000

KLCI INDEX FUTURES (1,594.00)
Selling pressure at large
SUPPORT: S1: 1,554.00, S2: 1,530.00
RESISTANCE: R1: 1,614.50, R2: 1,631.00

For full charts and reports, link as below:
https://mkefactsettd.maybank-ke.com/PDFS/253969.pdf Open / Comment

2022-03-01 04:30:39 UOBKH

US stocks were lower after the close on Monday, as losses in the Telecoms, Utilities and Oil & Gas sectors led shares lower. At the close in NYSE, the DJIA decline 0.49%, while the S&P 500 index declined 0.25%, and the NASDAQ Composite index increased 0.41%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,692 to 1,554 and 117 ended unchanged; on the Nasdaq Stock Exchange, 1,936 fell and 1,917 advanced, while 222 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) HEKTAR (5121); Technical BUY on breakout (RM0.51) with +22.5% potential return
*Last: RM0.505 Target: RM0.595, RM0.625 Stop: RM0.445
*Timeframe: 2 weeks to 2 months
*Syariah: NO

2) KEINHIN (7199); Technical BUY with +24.1% potential return
*Last: RM1.12 Target: RM1.34, RM1.39 Stop: RM0.995
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) MINHO (5576); Technical BUY on breakout (RM0.355) with +25.4% potential return
*Last: RM0.335 Target: RM0.415, RM0.445 Stop: RM0.285
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2022-03-01 04:12:20 Trading Stocks today:

Malaysia:
Dagang NeXchange (4456) (RM1.13): Technical Buy
Targets: RM1.33, 1.40
Stop: RM1.04

Cepatwawasan Group (8982) (RM1.13): Technical Sell
Targets: RM1.00, 0.935
Stop: RM1.25

Fundamental Report(s):

Tan Chong Motor Holdings - Back in the black in 4Q21 (Upgrade to Hold with a higher TP of RM1.13)

Alliance Bank Malaysia Berhad - Low CCOR in 3QFY22 not sustainable (Maintain Reduce with a higher TP of RM3.17)

Hong Leong Bank - Sterling growth from BOC contribution (Maintain Add with a higher TP of RM21.80)

Kawan Food - Expect price hikes and higher sales volume (Maintain Add with a lower TP of RM2.50)

Mah Sing Group - Sets higher FY22F new property sales target (Maintain Add with a lower TP of RM0.75)

Malaysian Pacific Industries - Resilient growth in 2QFY6/22 (Maintain Add with a lower TP of RM48.60)

Media Chinese Int’l - Let’s not get ahead of ourselves (Maintain Add with a lower TP of RM0.21)

MY E.G. Services - Charging ahead with new services (Maintain Add with a lower TP of RM1.20)

Public Bank Bhd - Continuous increase in management overlay (Maintain Add with a higher TP of RM5.00)

RHB Bank Bhd - Enticing FY21-22F dividend yields of 6-7% (Maintain Add with a higher TP of RM7.00)

SKP Resources Bhd - Valuations too enticing to ignore (Maintain Add with a lower TP of RM2.35)

SP Setia - Targets FY22 new property sales of RM4bn (Maintain Add with a higher TP of RM1.84)

UMW Holdings - Supercharged growth in 4Q21 (Maintain Add with a higher TP of RM4.00)

Unisem - In the midst of new investment cycle (Maintain Add with a lower TP of RM4.00)

Duopharma Biotech Bhd - No major surprises from 4Q results briefing (Maintain Hold with an unchanged TP of RM1.60)

EITA Resources Bhd - The power is back (Maintain Add with an unchanged TP of RM1.87)

IGB Bhd - FY21 missed expectations; still a value play (Maintain Add with an unchanged TP of RM2.50)

Malaysian Pacific Industries - Exciting growth prospects in EV and 5G (Maintain Add with an unchanged TP of RM48.60)

Malaysian Resources Corp - Higher-than-expected core net loss in FY21 (Maintain Hold with an unchanged TP of RM0.38)

Pharmaniaga Bhd - Eyeing next vaccine manufacturing venture (Maintain Add with an unchanged TP of RM0.90)

Power Root Bhd - Recovery prospects remain choppy (Maintain Hold with an unchanged TP of RM1.40)

Telekom Malaysia - Closing FY21 with a positive results beat (Maintain Add with an unchanged TP of RM7.50)

1st Mar 2022
CGS-CIMB Open / Comment

2022-03-01 04:03:02 Maybank IBG Kopi-O (1 Mar 2022)

Nikkei 26526.8 0.19%
Kospi 2699.2 0.84%
SSE 3462.3 0.32%
HSI 22713.0 -0.24%
TWSE 17652.2 -
SET 1685.2 0.31%
JCI 6888.2 -
STI 3242.2 -1.59%
KLCI 1608.3 1.04%

Maybank IBG Key Calls
RHB Bank - A final DPS surprise
RHB outperformed in FY21 on the back of a credit cost writeback in 4Q21, and surprised with a final DPS of 25sen. We nevertheless maintain elevated credit costs on the grounds of prudence and project a FY22 ROE of 8.4% versus management’s 8.5% guidance. Maintain BUY with a higher TP of MYR6.30 (+30sen) on rolling forward valuations to FY23 on a PBV of 0.9x (FY23E ROE: 9.6%).

MY
o The Russia-Ukraine conflict will continue to haunt sentiment, and this will add onto the volatility of the market. That said, higher commodity prices may lend support to the O&G and plantation stocks. Technically, we expect the KLCI to range between 1,590pts and 1,620pts today, with supports at 1,570 and 1,530.

o Alliance Bank (ABMB MK): Alliance Bank’s (ABMB) 3QFY22 results were significantly above expectations due to better-than-expected NIM expansion and lower credit cost. We upgrade FY22-24 earnings by 13-19% on higher NIM and lower credit cost assumptions, but maintain elevated credit costs still, into FY24, on prudent grounds. We maintain a BUY on ABMB with a higher TP of MYR4.00 (+75sen), supported by a CY23E ROE of 9.4%.

o Ahmad Zaki Resources (AZR MK): Has been awarded a contract worth MYR205.4m from the Pahang Islamic Religious Council for the development of the city mosque institution and Islamic Centre Complex in Kota Sultan Ahmad Shah, Kuantan, Pahang. The works, slated to begin on 21 Mar and be completed within 24 months from the commencement date. Stock trades at a PB of 0.5x.

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