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2022-06-07 05:23:49 7 June 2022
Wecome Investors, here are the AnalystReport today

MSC https://klse.i3investor.com/web/pricetarget/research/63671

UOAREIT https://klse.i3investor.com/web/pricetarget/research/63670

Banking https://klse.i3investor.com/web/pricetarget/research/63673

AME https://klse.i3investor.com/web/pricetarget/research/63672

Please read full analyst reports from i3investor for more information Open / Comment

2022-06-07 05:14:12 https://www.theedgemarkets.com/article/yew-lee-pacific-most-active-ace-market-debut Open / Comment

2022-06-07 03:56:24 *UOBKH Retail Market Monitor 7 June 2022*

FBMKLCI: 1,537.83 (-12.07)
Support: 1,520, 1,500
Resistance: 1,600, 1,620

Top Gainers: MRDIY (M) (+1.2%), SIMEPLT (+0.62%), INARI (+0.35%).
Top Losers: MAXIS (-3.8%), PETDAG (-2.8%), DIGI (-2.6%).

Bursa Trade Statistics:
Local Institutions (51.4%): +RM13.2m
Local Retail (26.1%): -RM3.9m
Foreign (22.5%): -RM9.3m

MSCI Asia : 169.08 (+1.01, +0.60%)
NASDAQ : 12,061.37 (+48.64, +0.40%)
S&P500 : 4,121.43 (-0.0094, -0.29%)
DJIA : 32,915.78 (+16.08, +0.05%)

USD/MYR : 4.3955 (+0.0065)
SGD/MYR : 3.1889 (-0.0094)

Crude Oil : $118.62 (+0.09)
Gold : $1,838.38 (-18.62)

Stocks to watch:

1) KRONO (0176); Technical BUY with +26.5% potential return
*Last: RM0.51 Target: RM0.595, RM0.535 Stop: RM0.46
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) VIS (0120); Technical BUY with +35.2% potential return
*Last: RM0.71 Target: RM0.845, RM0.96 Stop: RM0.63
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) MMSV (0113); Technical BUY on breakout (RM0.725) with +25.5% potential return
*Last: RM0.71 Target: RM0.845, RM0.91 Stop: RM0.645
*Timeframe: 2 weeks to 2 months
*Syariah: YES

For full report, please log in to www.utrade.com.my Open / Comment

2022-06-07 03:39:57 *RHB Investment Bank Bhd*

*Retail Research*
Technical Analyzer
7-Jun-22

*Download report at* : https://tinyurl.com/5x4wx46u

*PETRONM (3042)* : Shariah-Compliant
Outlook : Pending Breakout MYR7.43
Levels : MYR8.00, MYR8.39
Exit : Below MYR6.70
(time frame: 2-4 weeks)

*GASMSIA (5209)* : Shariah-Compliant
Outlook : Pending Breakout MYR3.17
Level : MYR3.30, MYR3.50
Exit : Below MYR3.00
(time frame: 2-4 weeks)

*FM (7210)* : Shariah-Compliance
Outlook : Breakout MYR0.59
Level : MYR0.66, MYR0.70
Exit : Below MYR0.545
(time frame: 2-4 weeks)

*UNISEM (5005)* : Shariah-Compliance
Outlook : Breakout MYR2.90
Level : MYR3.05, MYR3.23
Exit : Below MYR2.74
(time frame: 2-4 weeks)

Investment Research Disclaimers
RHB has issued this report for information purposes only.. Open / Comment

2022-06-07 03:38:54 Maybank IBG Traders’ Almanac (7 Jun 2022)

Technical Trading Ideas for today:
AEMULUS HOLDINGS - 0181 (MYR0.700)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.640
RESISTANCE: R1: MYR0.750, R2: MYR0.825

DELEUM - 5132 (MYR0.670)
REENTRY (NEW TARGET)
STOP-LOSS: Below MYR0.625
RESISTANCE: R1: MYR0.710, R2: MYR0.770

GENETEC TECHNOLOGY - 0104 (MYR2.36)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR2.06
RESISTANCE: R1: MYR2.60, R2: MYR2.88

MMS VENTURES - 0013 (MYR0.710)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.650
RESISTANCE: R1: MYR0.750, R2: MYR0.820

MTAG GROUP - 0213 (MYR0.520)
REENTRY (NEW TARGET)
STOP-LOSS: Below MYR0.485
RESISTANCE: R1: MYR0.565, R2: MYR0.625

CRUDE PALM OIL (MYR6,453)
Revisiting the immediate resistance
SUPPORT: S1: MYR5,960, S2: MYR5,530
RESISTANCE: R1: MYR6,580, R2: MYR6,845

KLCI INDEX FUTURES (1,538.00)
Range-bound since 9 May 2022
SUPPORT: S1: 1,526.50, S2: 1,500.00
RESISTANCE: R1: 1,558.00, R2: 1,575.50

For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now.
Stay Ahead, Trade Smart.

#MaybankIBGRetailResearch
#MaybankIBGTA Open / Comment

2022-06-07 03:38:42 Technical tracker - HLIB Retail Research – 7 June 2022

DAYANG: Turning the corner

OGSE players may play catch-up. Following the enormous surge in share price of E&P (exploration and production) players YTD (HIBISCUS: 59%; DNEX: 30%), the OGSE (Oil & Gas services and equipment) players, whose returns have been relatively lackluster may return to the limelight. Referring to the 2016-2018 O&G bull run cycle, the OGSE players could play catch-up (Figure#1) after the rally in E&P players amid the recovery of capex spending from oil majors, underpinned by an improving earnings recovery outlook.

Petronas’ robust earnings. To recap, Petronas recorded a stellar 1Q22 core profit of RM21.2bn – its best-ever performance in the last decade mainly due to higher average realized product prices amidst elevated oil prices. In anticipation of a high oil price in the near-term (HLIB 2022 Brent oil forecast: USD100-110/brl) and improving PETRONAS’s operating cash flow, we project PETRONAS’s capex spending to increase further to RM40-45bn (vs FY21: RM30bn) annually over the next five years. This will support OGPE players to recover going forward.

Better days ahead. Despite 75% (3 out of 4) of the HLIB-covered OGSE players posted below/within earnings expectations in 1Q22, DAYANG outperformed its peers by recording a strong core profit of RM13.8m (vs -24.5m 1QFY21) despite being a seasonally weak quarter. We reckon that the strong earnings momentum will improve further for the next few quarters, underpinned by improved job orders due to lesser Covid-19 related restrictions and expenses, as well as improved projected blended vessel utilization rates YoY for Perdana Petroleum in FY22.

Double bottom breakout. Technically, DAYANG is pending for a double bottom breakout. A successful breakout above the RM1.01 neckline will indicate a downtrend reversal and spur the stock price toward RM1.13-1.15-1.25 zones. Cut loss at RM0.94.

Collection range: RM0.96-0.98-1.00

Upside targets: RM1.13-1.15-1.25

Cut: RM0.94

Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl

DISCLAIMER: https://www.hlebroking.com/v3/disclaimer.aspx Open / Comment

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2022-06-03 10:55:56 https://www.theedgemarkets.com/article/malaysian-economy-picking-may-not-fully-recover-2019-levels-yearend-says-ambank-research Open / Comment

2022-06-03 10:03:23 https://www.cnbc.com/2022/06/03/oil-markets-opec-russia.html?__source=iosappshare%7Cph.telegra.Telegraph.Share Open / Comment

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