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2022-06-22 03:48:54 *UOBKH Retail Market Monitor 22 June 2022*

FBMKLCI: 1,457.88 (+16.64)
Support: 1,435, 1,418
Resistance: 1,483, 1,506

Top Gainers: TOPGLOV (+9.60%), PETDAG (+5.8%), HARTA (+4.3%)
Top Losers: IOICORP (-1.5%), MISC (-0.84%), SIMEPLT (-0.67%)

Bursa Trade Statistics:
Local Institutions (50.6%): -RM125.3m
Local Retail (26.0%): -RM8.4m
Foreign (23.4%): +RM133.7m

MSCI Asia : 158.75 (+2.39, +1.53%)
NASDAQ : 11,069.30 (+270.95, +2.51%)
S&P500 : 3,764.79 (+89.95, +2.45%)
DJIA : 30,530.25 (+641.74, +2.15%)

USD/MYR : 4.3997 (+0.0009)
SGD/MYR : 3.1731 (+0.0014)

Crude Oil : $110.65 (-0.62)
Gold : $1,831.10 (-11.00)

Stocks to watch:

1) ATAIMS (8176); Technical BUY with +39.7% potential return
*Last: RM0.340 Target: RM0.435, RM0.475 Stop: RM0.27
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) PCCS (6068); Technical BUY with +23.0% potential return
*Last: RM0.435 Target: RM0.49, RM0.535 Stop: RM0.405
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) COMFORT (2127); Technical BUY on breakout (RM0.66) with +28.6% potential return
*Last: RM0.63 Target: RM0.765, RM0.81 Stop: RM0.555
*Timeframe: 2 weeks to 2 months
*Syariah: YES

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

2022-06-22 03:44:02 Technical Analyzer
22-Jun-22

*Download report at* : https://tinyurl.com/36cnxt96

*SEDANIA (0178)* : Shariah-Compliant
Outlook : Breakout MYR0.425
Levels : MYR0.485, MYR0.51
Exit : Below MYR0.38
(time frame: 2-4 weeks)

*KGB (0151)* : Shariah-Compliant
Outlook : Pending Breakout MYR1.18
Level : MYR1.25, MYR1.27
Exit : Below MYR1.10
(time frame: 2-4 weeks)

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

2022-06-22 03:42:55 Maybank IBG Kopi-O (22 Jun 2022)

Nikkei 26246.3 1.84%
Kospi 2408.9 0.75%
SSE 3306.7 -0.26%
HSI 21559.6 1.87%
TWSE 15728.6 2.35%
SET 1574.5 0.98%
JCI 7044.1 0.97%
STI 3117.5 0.68%
KLCI 1457.9 1.15%

Maybank IBG Key Calls
*CTOS Digital Berhad - Planning on making a general offer to acquire RAM Holdings*
CTOS plans to make a general offer on the remaining shareholders of RAM at an indicative equity valuation of RM280-300m. We expect CTOS’ shareholding could increase from 19.2% currently, to between 51% and 81%. The offer will be debt-funded, and likely to be earnings accretive, given attractive acquisition multiple of <20x, realising synergies and tapping on the SME market. We maintain BUY rating and forecasts, but trim our TP to RM1.86, based on lower regional median PEG of 2.0x (from 2.2x).

MY
o Buoyed by gains in overnight US markets, the KLCI is set to extend its upward trajectory, though trading could be choppy as concerns over economic downturn and inflation linger. O&G and plantation stocks will remain choppy due to the volatility in commodity prices. Technically, we expect the benchmark index to range between 1,445 and 1,485 today, with supports at 1,452 and 1,400.

o Cypark Resources (CYP MK): We visited Cypark’s waste-to-energy (WTE) plant in Ladang Tanah Merah, Negeri Sembilan, along with some fund managers and analysts for a briefing and tour of the facility. The WTE plant is currently under testing and commissioning stage and scheduled for commercial operation (COD) by September 2022. Our revised MYR1.01 TP (MYR1.35 previously) is based on SOP, after imputing new estimated commissioning timeframe for its WTE, LSS2 and LSS3 projects. Our valuation implies FY22E PER of 15.2x. Maintain BUY.

o Handal Energy (HDL MK): Its 51%-owned subsidiary Borneo Seaoffshore Engineering S/B secured three new purchase orders and one contract extension from new and existing clients. The contracts do not have any specified value as they are on call-out basis. The contract win should be well received by investors as a strong pipeline will help to sustain its turnaround. That said, its order book is largely based on call-outs and there is no certainty that work orders of high values will be issued in the near term. The stock is trading at a PB of 0.4x.

o UWC (UWC MK): Reported a net profit of MYR28.7m in 3QFY7/22 (+25% YoY), lifting 9MFY7/22 PATMI to MYR76.8m (+7% YoY). The stronger 3QFY7/22 results were mainly attributable to higher revenue and margins expansion. The World Semiconductor Trades Statistics expect the worldwide semiconductor market to grow by 10.4% in 2022, and UWC anticipates positive prospects for the industries that it is participating in, namely semiconductor, life science and 5G technology. Stock trades at 24.7x consensus FY7/23 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.

#MaybankIBGReatilReseach
#MaybankIBGDailyKopi Open / Comment

2022-06-20 08:20:09 Shopping at shopee

Get at Shopee: https://shope.ee/99iY5EB4Sp Open / Comment

2022-06-20 06:04:44 https://www.theedgemarkets.com/article/ta-securities-ascribes-fair-value-33-sen-orgabio Open / Comment

2022-06-20 05:58:04 https://www.theedgemarkets.com/article/cgscimb-cuts-yearend-klci-target-1568-points-due-ge15-us-recession-fears Open / Comment

2022-06-20 05:46:51 https://www.theedgemarkets.com/article/hlib-starts-coverage-sfp-tech-target-price-63-sen Open / Comment

2022-06-20 05:43:52 https://www.theedgemarkets.com/article/foreign-selling-malaysian-equities-accelerated-rm5115m-last-week-says-midf Open / Comment

2022-06-20 05:26:41 TOPGLOV https://klse.i3investor.com/web/pricetarget/research/63742 Open / Comment

2022-06-20 05:26:31 GAMUDA https://klse.i3investor.com/web/pricetarget/research/63745 Open / Comment