📊 Bursa market earnings results (28.2.25)

1️⃣ PWRPOT (7237)
📈 Beat 9MFY25 earnings expectations
Market Perform with target price – RM1.30
Last traded price – RM1.43

2️⃣ SLP (7248)
📉 Missed FY24 earnings expectations
Outperform with target price – RM1.00
Last traded price – RM0.87

3️⃣ STAR (6084)
📈 Beat FY24 earnings expectations
Market Perform with target price – RM0.40
Last traded price – RM0.385

4️⃣ TAANN (5012)
📉 Missed FY24 earnings expectations
Market Perform with target price – RM4.00
Last traded price – RM3.87

5️⃣ TAKAFUL (6139)
📈 Beat FY24 earnings expectations
Outperform with target price – RM4.40
Last traded price – RM3.61

6️⃣ TM (4863)
📈 Beat FY24 earnings expectations
Outperform with target price – RM8.07
Last traded price – RM6.88

7️⃣ WCT (9679)
📉 Missed FY24 earnings expectations
Outperform with target price – RM1.29
Last traded price – RM0.795

8️⃣ AXIATA (6888)
📈 Beat FY24 earnings expectations
Market Perform with target price – RM2.05
Last traded price – RM2.07

9️⃣ GENP (2291)
📈 Beat FY24 earnings expectations
Outperform with target price – RM6.30
Last traded price – RM5.78

🔟 HLBANK (5819)
📈 Beat 1HFY25 earnings expectations
Outperform with target price – RM27.40
Last traded price – RM21.30

Kenanga Research target prices
*Last traded price based on 26-Feb closing price.

UEM Sunrise, GuocoLand ink JS-SEZ agreement
https://www.thestar.com.my/business/business-news/2025/02/28/uem-sunrise-guocoland-ink-js-sez-agreement

Asian shares to fall as Nvidia drops, dollar soars
https://theedgemalaysia.com/node/746210

M+ Market Wrap - 28Feb25

FBM KLCI: 1,574.70 pts (-11.90pts, -0.75%)
The FBMKLCI (-0.75%) ended in the red as losses in Consumer Products & Services dampened the local sentiment; MR DIY reported an earnings decline, while 7-Eleven posted a net loss. Market breadth was negative, with losers outpacing gainers by 862 to 257 stocks. On a broader view, Telco & Media (+0.92%) outperformed, led by CDB (+17.0 sen) and AXIATA (+2.0 sen), while Technology (-5.87%) saw a further decline.

Top 3 Active stocks:
GENM (4715): RM1.900 (-46.0 sen)
INARI (0166): RM2.070 (-12.0 sen)
CIMB (1023): RM7.810 (-41.0 sen)

Volume: 4.40 bn (100-bar avg vol: 2.92 bn)
Value: RM6.46 bn (100-bar avg val: RM2.53 bn)
Market Breadth: ⬆️257 ⬇️862
Crude palm oil: RM4,547 (+RM36)
Dow Futures: 43,400 pts (+103 pts)

**Source: Bloomberg, M+**

M+ Morning Market Buzz - 3Mar25

Dow Jones: 43,840.91 pts (+601.41pts, +1.39%)
⬆️ Resistance: 44800
⬇️ Support: 42300

FBM KLCI: 1,574.70 pts (-11.90pts, -0.75%)
⬆️ Resistance: 1630
⬇️ Support: 1540

HSI Index: 22,941.32 pts (-776.97pts, -3.28%)
⬆️ Resistance: 24600
⬇️ Support: 22300

Crude Palm Oil: RM4,554 (+RM43, +0.95%)
⬆️ Resistance: 4730
⬇️ Support: 4390

Brent Oil: $72.81 (-$0.76, -1.03%)
⬆️ Resistance: 76.80
⬇️ Support: 71.00

Gold: $2,857.83 (-$19.69, -0.68%)
⬆️ Resistance: 3020
⬇️ Support: 2780

Source: Bloomberg, M+

*Trading Stocks today:*

For *Trendspotter*, please click on this link: < https://tinyurl.com/vjze6f57 > to view the report.

Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.

*Malaysia*:
*SD Guthrie (5285)* (RM5.07): Technical Buy
Targets: RM5.46, RM5.77
Stop: RM4.67

*Gas Malaysia (5209)* (RM4.14): Technical Buy
Targets: RM4.32, RM4.55
Stop: RM3.89


*Fundamental Report(s):*

*Tenaga Nasional* - Beating the odds; a solid ending to 2024 (Maintain Add with a TP of RM19.10) https://tinyurl.com/3xn4ytk8

*Kuala Lumpur Kepong* - Lower losses from investment holdings (Maintain Hold with a TP of RM22.25) https://tinyurl.com/4vv33fsv

*Wasco Bhd* - A record final quarter (Maintain Add with a TP of RM2.00) https://tinyurl.com/4kx48zuw

*Muhibbah Engineering* - Strong 4Q but needs more sizeable wins (Maintain Add with a lower TP of RM1.10) https://tinyurl.com/45paunr6

*Mah Sing Group* - Stronger progress billing and sales ahead (Maintain Add with a TP of RM1.93) https://tinyurl.com/2masfdf2

*Genting Bhd* - 4Q24 dragged by GENM; lower DPS declared (Maintain Add with a TP of RM6.00) https://tinyurl.com/3jb3pddu

*Mr D.I.Y. Group (M) Bhd* - In-line earnings; expect long-term growth (Maintain Add with a TP of RM2.60) https://tinyurl.com/5n7akmws


Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my

*3rd Mar 2025*

Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

*Corporate news*

*MISC Bhd* said on Friday that it has secured long-term contracts for two Very Large Ethane Carriers (VLECs) from Thailand’s PTT Public Company Limited. (The Edge Malaysia)

*CelcomDigi Bhd* has announced a strategic collaboration with EV charge point operators JomCharge and Yinson Greentech’s chargEV to accelerate the deployment of EV charging points across the country. (The Edge Malaysia)

*Malakoff Corp Bhd* on Friday completed the acquisition of a 49% stake in solid waste management company, E-Idaman Sdn Bhd, after multiple extensions of the cut-off dates. (The Edge Malaysia)

Sunway Property, the real estate arm of *Sunway Bhd*, has set a sales target of RM3.6bn for 2025, following a strong performance in 2024, where it exceeded expectations by achieving RM3bn in sales against a RM2.6bn target, it said in a press release on Friday. (The Edge Malaysia)

*Inta Bina Group Bhd* has secured a RM181m contract to undertake the construction of a mixed commercial development project in Kuala Langat, Selangor. (The Edge Malaysia)

*Theta Edge Bhd*’s wholly owned subsidiary Theta Technologies Sdn Bhd has won a RM130.5m contract from the Social Security Organisation (Socso) to supply and maintain hardware and software systems. (The Edge Malaysia)

*Vetece Holdings Bhd*’s wholly owned subsidiary, Vision Technology Consulting Sdn Bhd, has accepted a software licence purchase order from a global vendor, amounting to approximately RM25m. (The Edge Malaysia)

*Matrix Concepts Holdings Bhd* and X Park Malaysia have formalised a partnership to develop an extreme sports park in Bandar Seri Impian in Kluang, Johor, with a RM10m investment aimed at enhancing the township’s recreational appeal. (The Edge Malaysia)

*Exsim Hospitality Bhd* is raising up to RM250.8m via a rights issue with warrants, to partly fund the RM240.3m acquisition of a new five-star hotel in Empire City, Petaling Jaya, Selangor. (The Edge Malaysia)


*3rd Mar 2025*

Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

Bursa Malaysia Midday Recap: Positive Start for FBM KLCI

The FBM KLCI started the week on a positive note, tracking Wall Street's rally last Friday. Although the index is positive, market sentiment favored the bears, with more laggards than gainers. The healthcare sector emerged as the top mover, led by KPJ, which hit a new all-time high following its special dividend announcement amid record profits. Key events to watch this week include BNM's OPR announcement (6 Mar), US ISM manufacturing PMI (3 Mar), US Nonfarm Payrolls and US unemployment data (7 Mar).

Our analyst recently released a KPJ report highlighting its FY24 earnings beat expectations, driven by higher revenue intensity and Malaysia's robust medical tourism outlook. Investors seeking trading opportunities may consider KPJ (Target Price: MYR 3.00) as a potential buy. For the full report, stock ideas and market flows, access Discover Tab on Maybank Trade MY app.

Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap

M+ Market Wrap - 3Mar25

FBM KLCI: 1,571.39 pts (-3.31pts, -0.21%)
The FBMKLCI (-0.21%) continued its bearish tone and closed lower at 1,571.39 pts, with losses in heavyweights like PMETAL (-13.0 sen) and NESTLE (-432.0 sen) dragging down the key index. Despite the country reporting a marginal improvement in PMI data for February (49.7), up from 48.7 in January, it remained in the contraction territory, below 50. Similarly, market breadth was negative, with 707 losers against 354 winners. In the broader market, the Healthcare (+1.26%) sector gained the most, buoyed by gains in KPJ (+27.0 sen) and KOSSAN (+4.0 sen), while the Construction (-2.12%) sector recorded the largest decline.

Top 3 Active stocks:
PGLOBAL (5331): RM0.575 (-10.5 sen)
MYEG (0138): RM0.935 (+6.0 sen)
CEB (5311): RM0.245 (-2.5 sen)

Volume: 3.18 bn (100-bar avg vol: 2.92 bn)
Value: RM2.44 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️354 ⬇️707
Crude palm oil: RM4,500 (-RM54)
Dow Futures: 43,835 pts (-54 pts)

**Source: Bloomberg, M+**