Info Pelaburan Saham - Maybank Investment Bank Ipoh

2022-02-16 03:40:23 UOBKH

US stocks were higher after the close on Tuesday, as gains in the Technology, Basic Materials and Consumer Goods sectors led shares higher. At the close in NYSE, the DJIA rose 1.22%, while the S&P 500 index gained 1.58%, and the NASDAQ Composite index added 2.53%. Rising stocks outnumbered declining ones on the NYSE by 2,491 to 766 and 116 ended unchanged; on the Nasdaq Stock Exchange, 3,222 rose and 657 declined, while 162 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) MEDIA (4502); Technical BUY with +22.5% potential return
*Last: RM0.445 Target: RM0.51, RM0.545 Stop: RM0.395
*Timeframe: 2 weeks to 2 months
*Syariah: NO

2) SYMLIFE (1538); Technical BUY with +29.5% potential return
*Last: RM0.475 Target: RM0.545, RM0.615 Stop: RM0.425
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) REDTONE (0032); Technical BUY with +26.4% potential return
*Last: RM0.455 Target: RM0.505, RM0.575 Stop: RM0.395
*Timeframe: 2 weeks to 2 months
*Syariah: NO Open / Comment

2022-02-16 03:33:23 Maybank IBG Research Traders’ Almanac 16 Feb 2022 Technical Trading Ideas – Plantation Index hits 2-year High

Trading Ideas for today:
EVERGREEN FIBREBOARD (MYR0.570)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.515
RESISTANCE: R1: MYR0.610, R2: MYR0.670

REDTONE DIGITAL (MYR0.485)
ACCUMULATE (TECHNICAL)
STOP-LOSS: Below MYR0.410
RESISTANCE: R1: MYR0.485, R2: MYR0.530

SDS GROUP (MYR0.340)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.305
RESISTANCE: R1: MYR0.385, R2: MYR0.435

SERN KOU RESOURCES (MYR0.785)
REENTRY (NEW TARGET) Shariah
STOP-LOSS: Below MYR0.720
RESISTANCE: R1: MYR0.830, R2: MYR0.910

SYMPHONY LIFE (MYR0.475)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.435
RESISTANCE: R1: MYR0.515, R2: MYR0.585

CRUDE PALM OIL (MYR5,660)
Weakness at the “top”
SUPPORT: S1: MYR5,350, S2: MYR5,185
RESISTANCE: R1: MYR5,750, R2: MYR6,000

KLCI INDEX FUTURES (1,608.50)
Inside overbought territory
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/251537.pdf Open / Comment

2022-02-16 03:30:07 Maybank IBG Kopi-O (16 Feb 2022)

Nikkei 26865.2 -0.79%
Kospi 2676.5 -1.03%
SSE 3446.1 0.50%
HSI 24355.7 -0.82%
TWSE 17951.8 -0.25%
SET 1701.5 0.99%
JCI 6807.5 1.08%
STI 3421.4 0.01%
KLCI 1599.6 1.00%

MY
o The rally in overnight US markets should help lift the KLCI above the 1,600 level today. Hopes of easing geopolitical tensions will also lend support to sentiment. That said, O&G stocks may take a breather after commodity prices fall. Technically, we expect the benchmark index to range between 1,580pts and 1,630pts today, with supports at 1,570 and 1,530.

o Dialog Group (DLG MK): We expect a stronger 2H22 vs. 1H22 (42% of our FY estimate), as its new 85k m3 capacity at its DTL3 (Tj. Langsat) ops kicks in from end-2021. Its tank terminal operations remain its core earnings contributor and developing Pengerang to its full potential remains its key agenda, a long-term project lasting 10-15 years. Our SOP-based TP of MYR4.90 is unchanged. Maintain BUY.

o Sime Darby Plantation (SDPL MK): MYR82m was set aside to reimburse hidden recruitment fees to foreign workers. This one-off compensation sum represents 3.8% of our FY21’s headline PATMI. This is a step in the right direction and shows SDPL’s commitment to address lapses in past recruitment practices as well as instituting necessary changes to prevent a recurrence in the future. Pending its upcoming results release, we are keeping our EPS forecasts. Our BUY and RNAV-TP of MYR4.47 are under review given recent share price outperformance.

o Duopharma Biotech (DBB MK): Reported a net profit of MYR15.7m (-3% YoY, -7% QoQ) in 4Q21, lifting full-year net profit to MYR65.7m (+12%). The stronger FY21 results stemmed mainly from a 12% increase in revenue and a lower effective tax rate. DBB also declared a second interim dividend of 1.8sen/sh for the current quarter. Management highlighted that several developments will bolster its future earnings. Stock trades at 17.4x 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

2022-02-15 11:19:08 TSH HIT TARGET RM1.20!! NOW TRADING @ RM1.22, NEXT TARGET RM1.25!! Open / Comment

2022-02-15 03:54:33 Maybank IBG Research Traders’ Almanac 15 Feb 2022 Technical Trading Ideas – Prolong Buying Interest in Banking Stocks

Trading Ideas for today:
CHIN HIN GROUP (MYR2.53)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR2.30
RESISTANCE: R1: MYR2.75, R2: MYR3.05

HPMT HOLDINGS (MYR0.710) REENTRY (UNCHANGED TARGET) Shariah
STOP-LOSS: Below MYR0.645
RESISTANCE: R1: MYR0.755, R2: MYR0.840

HEITECH PADU (MYR1.28)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR1.17
RESISTANCE: R1: MYR1.39, R2: MYR1.51

T7 GLOBAL (MYR0.365)
ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR0.340
RESISTANCE: R1: MYR0.390, R2: MYR0.430

UOA DEVELOPMENT (MYR1.70) ACCUMULATE (TECHNICAL) Shariah
STOP-LOSS: Below MYR1.62
RESISTANCE: R1: MYR1.77, R2: MYR1.87

CRUDE PALM OIL (MYR5,667) Multiple “Hanging Man” patterns
SUPPORT: S1: MYR5,350, S2: MYR5,185
RESISTANCE: R1: MYR5,750, R2: MYR6,000

KLCI INDEX FUTURES (1,580.50)
Rising selling pressure
SUPPORT: S1: 1,530.00, S2: 1,510.00
RESISTANCE: R1: 1,588.00, R2: 1,600.00

For full charts and reports, link as below:
https://mkefactsettd.maybank-ke.com/PDFS/251377.pdf Open / Comment

2022-02-15 03:50:27 UOBKH

US stocks were lower after the close on Monday, as losses in the Oil & Gas, Healthcare and Financials sectors led shares lower. At the close in NYSE, the DJIA lost 0.49%, while the S&P 500 index lost 0.38%, and the NASDAQ Composite index declined 0.03%. Falling stocks outnumbered advancing ones on the NYSE by 2,319 to 936 and 118 ended unchanged; on the Nasdaq Stock Exchange, 2,576 fell and 1,285 advanced, while 204 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) PUNCAK (6807); Technical BUY on breakout (RM0.355) with +29.6% potential return
*Last: RM0.335 Target: RM0.43, RM0.46 Stop: RM0.295
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) HTPADU (5028); Technical BUY with +16.4% potential return
*Last: RM1.28 Target: RM1.39, RM1.49 Stop: RM1.18
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) MAGNI (7087); Technical BUY with +10.3% potential return
*Last: RM2.03 Target: RM2.14, RM2.24 Stop: RM1.88
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment

2022-02-15 03:47:25 Maybank IBG Kopi-O (15 Feb 2022)

Nikkei 27079.6 -2.23%
Kospi 2704.5 -1.57%
SSE 3428.9 -0.98%
HSI 24556.6 -1.41%
TWSE 17997.7 -1.71%
SET 1684.7 -0.85%
JCI 6734.5 -1.19%
STI 3421.2 -0.23%
KLCI 1583.8 0.31%

Maybank IBG Key Calls
DBS Group - Rates rider
DBS missed earnings. However, we think this is largely a timing mismatch. The Group’s large, low cost funding base and strong franchise designed to capture regional flows make it a prime beneficiary of rising rates as well as reopening. We estimate ROEs are set to rise nearly 4ppts above the levels of the past 10-years. This justifies a higher valuation, especially as risks to dividend payouts are higher. We increase TP to SGD41.82, where DBS would trade at 1.7x PB. Maintain BUY.

MY
o The KLCI will likely continue its pattern of range-bound trading after Wall Street slipped overnight. Rising geopolitical tensions over Ukraine as well as worries about Federal Reserve monetary policy tightening will also weigh on sentiment. Technically, we expect the benchmark index to range between 1,560pts and 1,600pts today, with supports at 1,530 and 1,509.

o Telcos: The formalization of the 2.6Ghz spectrum extension has so far not been accompanied by an official decision on the 5G rollout review. Thus, policy uncertainty would likely continue to weigh on near-term sentiment in our view. Our sector picks remain TM (T MK, BUY, CP: MYR5.29, TP: MYR7.40) and Axiata (AXIATA MK, BUY, CP: MYR3.96, TP: MYR4.50).

o Uzma (UZMA MK): Its wholly-owned subsidiary Uzma Engineering S/B was awarded a contract by ExxonMobil Exploration and Production Malaysia Inc. The scope of work comprises of non-rig assisted electric wireline logging equipment and services at West Malaysia waters. No value was given as it is based on work orders issued at clients’ discretion. This is the second project win in 2022, and will help to replenish its order book which stood at MYR2.3b at end-Sep 2021. Stock trades at 6.6x consensus FY6/23 EPS. Its net gearing stood at 0.8x at end-Sep 2021.

o Muhibbah Engineering (MUHI MK): Its wholly-owned subsidiary Citech Energy Recovery Solutions UK (Ltd) was awarded two purchase orders from Siemens Energy to provide waste heat recovery units. The approximate combined value of the above orders amounted to MYR50.3m. This is the first job award in 2022, and will help to replenish its outstanding order book which stood at MYR886m as at 22 Nov 2021. The group reported a PATMI of MYR7.8m in 9M21 but that was mainly due to one-off net gain of MYR29.1m. Stock trades at 9.8x 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

2022-02-14 03:46:10 UOBKH

US stocks were lower after the close on Friday, as losses in the Technology, Consumer Services and Consumer Goods sectors led shares lower. At the close in NYSE, the DJIA lost 1.43%, while the S&P 500 index fell 1.90%, and the NASDAQ Composite index declined 2.78%. Falling stocks outnumbered advancing ones on the NYSE by 2,266 to 987 and 136 ended unchanged; on the Nasdaq Stock Exchange, 2,744 fell and 1,089 advanced, while 191 ended unchanged. (Source: Investing.com)

Stocks to watch:

1) PENERGY (5133); Technical BUY on breakout (RM0.925) with +26.5% potential return
*Last: RM0.885 Target: RM1.04, RM1.17 Stop: RM0.795
*Timeframe: 2 weeks to 2 months
*Syariah: YES

2) ASIAPLY (0105); Technical BUY with +3.9% potential return
*Last: RM0.185 Target: RM0.255, RM0.295 Stop: RM0.14
*Timeframe: 2 weeks to 2 months
*Syariah: YES

3) SCGM (7247); Technical BUY with +20.1% potential return
*Last: RM2.14 Target: RM2.39, RM2.57 Stop: RM1.99
*Timeframe: 2 weeks to 2 months
*Syariah: YES Open / Comment