Info Pelaburan Saham - Maybank Investment Bank Ipoh

2022-02-18 04:11:00 Maybank IBG Kopi-O (18 Feb 2022)

Nikkei 27232.9 -0.83%
Kospi 2744.1 0.53%
SSE 3468.0 0.06%
HSI 24792.8 0.30%
TWSE 18268.6 0.20%
SET 1711.6 0.60%
JCI 6835.1 -0.22%
STI 3441.6 0.07%
KLCI 1605.0 0.11%

Maybank IBG Key Calls
RL Commercial REIT - Par for the course
Maintain BUY and TP of PHP8.10. During our recently concluded Philippine Corporate Day, RCR’s management shared that its portfolio currently has an occupancy rate of 99% and that its properties are able to command premium rents, with 3-5% escalation rates embedded into lease contracts. In our view, risks are skewed to the upside for RCR with the robust pipeline of potential infusions from RLC. RCR’s management noted it can infuse 1-2 properties via share swap based on its current balance sheet.

MY
o After rising for seven consecutive trading days, expect profit taking to intensify as investors may become more risk-averse ahead of the weekend break. Meanwhile, the selloff in overnight Wall Street as well as the falling oil price will also weigh on sentiment. Technically, we expect the KLCI to range between 1,580pts and 1,630pts today, with supports at 1,570 and 1,530.

o Datasonic (DSON MK): Its wholly-owned subsidiary Datasonic Technologies S/B was awarded a MYR50m contract by the Ministry of Home Affairs (KDN) to supply MyKad, MyTentera, MyPOCA raw cards and consumables to the National Registration Department for a 12-month period. DSON is also supplying Malaysian passport chips, Malaysian passport documents and polycarbonate biodata pages to KDN. These contracts have a remaining value of approximately MYR280m. Stock trades at 18.1x consensus FY3/23 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

2022-02-18 04:09:31 UOBKH

US stocks were lower after the close on Thursday, as losses in the Technology, Financials and Industrials sectors led shares lower. At the close in NYSE, the DJIA lost 1.78%, while the S&P 500 index fell 2.12%, and the NASDAQ Composite index declined 2.88%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2,388 to 861 and 96 ended unchanged; on the Nasdaq Stock Exchange, 3,037 fell and 788 advanced, while 179 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) GDB (0198); Technical BUY with +29.8% potential return
*Last: RM0.42 Target: RM0.495, RM0.545 Stop: RM0.38
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) MUHIBAH (5703); Technical BUY with +31.8% potential return
*Last: RM0.66 Target: RM0.795, RM0.87 Stop: RM0.555
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) IJM (3336); Technical BUY with +15.2% potential return
*Last: RM1.51 Target: RM1.66, RM1.74 Stop: RM1.38
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2022-02-17 09:22:16 SIME (BUY): Last; RM2.31, Target; RM2.50, RM2.80, RM2.98, Stop; RM2.07 Open / Comment

2022-02-17 09:02:04 INNO HIT TARGET RM1.56, NEXT TARGET RM1.75!! Open / Comment

2022-02-17 04:28:41 Maybank IBG Research Traders’ Almanac 17 Feb 2022 Technical Trading Ideas – Profit Taking Begins

Trading Ideas for today:
BINA DARULAMAN (MYR0.670)
REENTRY (NEW TARGET) Shariah
STOP-LOSS: Below MYR0.600
RESISTANCE: R1: MYR0.720, R2: MYR0.780

BP PLASTICS HOLDING (MYR1.53)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR1.39
RESISTANCE: R1: MYR1.61, R2: MYR1.75

GUAN CHONG (MYR2.78)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR2.62
RESISTANCE: R1: MYR2.96, R2: MYR3.30

OPCOM HOLDINGS (MYR1.15)
REENTRY (NEW TARGET) Shariah
STOP-LOSS: Below MYR1.01
RESISTANCE: R1: MYR1.27, R2: MYR1.50

RADIANT GLOBALTECH (MYR0.470)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.425
RESISTANCE: R1: MYR0.510, R2: MYR0.565

CRUDE PALM OIL (MYR5,437)
Contract rollover gap down
SUPPORT: S1: MYR5,350, S2: MYR5,185
RESISTANCE: R1: MYR5,750, R2: MYR6,000

KLCI INDEX FUTURES (1,607.00)
Profit taking set to start
SUPPORT: S1: 1,570.00, 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/251667.pdf Open / Comment

2022-02-17 03:47:35 UOBKH

US stocks were mixed after the close on Wednesday, as gains in the Basic Materials, Oil & Gas and Consumer Goods sectors led shares higher while losses in the Telecoms, Technology and Healthcare sectors led shares lower. At the close in NYSE, the DJIA lost 0.16%, while the S&P 500 index climbed 0.09%, and the NASDAQ Composite index lost 0.11%. Rising stocks outnumbered declining ones on the NYSE by 2,038 to 1,185 and 127 ended unchanged; on the Nasdaq Stock Exchange, 1,922 rose and 1,896 declined, while 211 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) LCTITAN (5284); Technical BUY with +15.3% potential return
*Last: RM2.22 Target: RM2.44, RM2.56 Stop: RM2.19
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) MFLOUR (3662); Technical BUY with +20.0% potential return
*Last: RM0.65 Target: RM0.72, RM0.78 Stop: RM0.58
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) LUXCHEM (5143); Technical BUY with +15.0% potential return
*Last: RM0.735 Target: RM0.805, RM0.845 Stop: RM0.675
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2022-02-17 03:35:26 Maybank IBG Kopi-O (17 Feb 2022)

Nikkei 27460.4 2.22%
Kospi 2729.7 1.99%
SSE 3465.8 0.57%
HSI 24718.9 1.49%
TWSE 18231.5 1.56%
SET 1701.5 -
JCI 6850.2 0.63%
STI 3439.3 0.52%
KLCI 1603.2 0.22%

Maybank IBG Key Calls
Malaysia Gaming - Cautiously optimistic despite the Omicron wave
Initially, we were concerned that the Malaysian gaming industry is in for another difficult year as new COVID-19 cases are surging due to the Omicron variant. That said, the Omicron variant’s low mortality rate assuaged our fears. We posit that Malaysians are still inclined to participate in gaming despite the risk of being infected with COVID-19 as long as the risk of serious health complications is low. We maintain our earnings estimates, TPs and calls. We like GENM, GENT, MAG and BST.

MY
o After rising for six consecutive trading days, the KLCI is poised to take a breather soon. Subdued performance in overnight Wall Street as well as geopolitical tensions will also weigh on sentiment. Profit-taking is set to start in plantation names amid a sharp decline in palm oil price. Technically, we expect the benchmark index to range between 1,580pts and 1,630pts today, with supports at 1,570 and 1,530.

o Sime Darby Bhd (SIME MK): 1HFYE6/22 core net profit of MYR581m (-5% YoY) made up 46% of our FY estimate and we expect a stronger 2H ahead, led by the revival at its Australian industrial ops. Sime is leveraged to ride on the commodity cycle, infrastructure capex spending, consumer recovery and the EV agenda. It offers earnings growth and dividend yield upside. Our TP of MYR2.70 is SOP-based. Maintain BUY.

o Chin Hin Group Property (CHGP MK): Its subsidiary Chin Hin Construction S/B has proposed to acquire a 60% stake in Asia Baru Construction S/B for MYR30m cash, to be funded via a combination of internally generated funds, bank borrowings and fundraising exercise. The proposed acquisition is expected to be completed by 2H of 2022. The proposed acquisition will enable CHGP to diversify into water infrastructure construction works, which is complementary to its existing property development business. Stock trades at 41.2x annualized 6M21 fully-diluted core EPS.

o Redtone Digital (RIB MK): 2QFY6/22 net profit surged 54% YoY and 37% QoQ, lifting 1HFY6/22 PATMI to MYR19m (+49% YoY). The stronger 1HFY6/22 results were attributable to a 3% YoY increase in revenue, higher investment income and margins expansion. These more than offset a 5ppts increase in effective tax rate to 26.6% (1HFY6/21: 21.7%). No dividend was declared for the current quarter. RIB is set to benefit from growing digitalization as it will drive demand for data. Stock trades at 9.4x annualized 1HFY6/22 EPS. It is sitting on a net cash of MYR111m at end-Dec 2021, about 31% 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

2022-02-16 10:48:37 OPCOM HIT TARGET RM1.12 Open / Comment