Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 4Mar25
Dow Jones: 43,191.24 pts (-649.67pts, -1.48%)
⬆️ Resistance: 45000
⬇️ Support: 42100
FBM KLCI: 1,571.39 pts (-3.31pts, -0.21%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,006.27 pts (+64.95pts, +0.28%)
⬆️ Resistance: 24600
⬇️ Support: 22300
Crude Palm Oil: RM4,484 (-RM16, -0.36%)
⬆️ Resistance: 4730
⬇️ Support: 4390
Brent Oil: $72.81 (-$1.27, -1.74%)
⬆️ Resistance: 76.80
⬇️ Support: 69.80
Gold: $2,892.73 (+$0.06, +0.00%)
⬆️ Resistance: 3020
⬇️ Support: 2780
Source: Bloomberg, M+
Dow Jones: 43,191.24 pts (-649.67pts, -1.48%)
⬆️ Resistance: 45000
⬇️ Support: 42100
FBM KLCI: 1,571.39 pts (-3.31pts, -0.21%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,006.27 pts (+64.95pts, +0.28%)
⬆️ Resistance: 24600
⬇️ Support: 22300
Crude Palm Oil: RM4,484 (-RM16, -0.36%)
⬆️ Resistance: 4730
⬇️ Support: 4390
Brent Oil: $72.81 (-$1.27, -1.74%)
⬆️ Resistance: 76.80
⬇️ Support: 69.80
Gold: $2,892.73 (+$0.06, +0.00%)
⬆️ Resistance: 3020
⬇️ Support: 2780
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 04Mar25
Traders Could Seek Conservative Trades
The local bourse remained under extended selling pressure, dragged down by Industrial Products and Consumer heavyweights. Similarly, Wall Street ended lower after President Trump’s confirmation confirmed a 25%tariffs on imports from Canada and Mexico, with an additional 10% tariff on China. In the economic data, US ISM PMI data last month fell to 50.3, from 50.9 in January, with new orders plunging from 55.1 to 48.6, raising concerns over potential growth slowdown. Traders will continue to monitor (i) S&P Global Services PMI, (ii) the ECB interest rate decision, and (iii) China’s trade balance this week. In the commodities market, Brent crude remained below USD73/barrel, while gold prices traded flat around the USD2,900 level. Meanwhile, CPO prices fell below the RM4,500/tonne.
Sector Focus: Despite PGLOBAL (M+ fair value: RM0.92) settling lower than its IPO price, we remain optimistic due to its strong fundamentals, extensive global reach and decent market share. We believe the current sell down is due to generally weak market sentiment, and the share price may gradually trade towards its fair value over the long run. Meanwhile, given the ongoing market weakness, traders may look into Banking, Utilities, and REITs due to their stable earnings and consistent dividends. Also, we favour ITMAX and TIMECOM for its resilient business model.
Stocks to watch:
Technology: *ITMAX*, *TIMECOM*
Consumer: *LHI*, LWSABAH
Utility: *KJTS*, PEKAT
Healthcare: IHH, *KPJ*
Financial: KENANGA
Plantation: HSPLANT
Source: M+
Traders Could Seek Conservative Trades
The local bourse remained under extended selling pressure, dragged down by Industrial Products and Consumer heavyweights. Similarly, Wall Street ended lower after President Trump’s confirmation confirmed a 25%tariffs on imports from Canada and Mexico, with an additional 10% tariff on China. In the economic data, US ISM PMI data last month fell to 50.3, from 50.9 in January, with new orders plunging from 55.1 to 48.6, raising concerns over potential growth slowdown. Traders will continue to monitor (i) S&P Global Services PMI, (ii) the ECB interest rate decision, and (iii) China’s trade balance this week. In the commodities market, Brent crude remained below USD73/barrel, while gold prices traded flat around the USD2,900 level. Meanwhile, CPO prices fell below the RM4,500/tonne.
Sector Focus: Despite PGLOBAL (M+ fair value: RM0.92) settling lower than its IPO price, we remain optimistic due to its strong fundamentals, extensive global reach and decent market share. We believe the current sell down is due to generally weak market sentiment, and the share price may gradually trade towards its fair value over the long run. Meanwhile, given the ongoing market weakness, traders may look into Banking, Utilities, and REITs due to their stable earnings and consistent dividends. Also, we favour ITMAX and TIMECOM for its resilient business model.
Stocks to watch:
Technology: *ITMAX*, *TIMECOM*
Consumer: *LHI*, LWSABAH
Utility: *KJTS*, PEKAT
Healthcare: IHH, *KPJ*
Financial: KENANGA
Plantation: HSPLANT
Source: M+
Forwarded from M+ On-The-Go
Good Morning All,
We issued a technical buy call on Leong Hup International Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Improved profitability despite revenue dip
(ii) Short-term surge in chicken demand
(iii) Integrated poultry operator in Southeast Asia
Research Team, M+
4 Mar 2025
We issued a technical buy call on Leong Hup International Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Improved profitability despite revenue dip
(ii) Short-term surge in chicken demand
(iii) Integrated poultry operator in Southeast Asia
Research Team, M+
4 Mar 2025
Mplusonline
Your Trusted Guide to Global Trading | Malacca Securities
Trade in the MY, US & HK markets with real-time data, Shariah screening, 24-hour online customer sup...
"Asia stocks drop tracking Wall Street's plunge after Trump’s tariff decision"
https://uk.investing.com/news/stock-market-news/asia-stocks-drop-tracking-wall-streets-plunge-after-trumps-tariff-decision-3957301
https://uk.investing.com/news/stock-market-news/asia-stocks-drop-tracking-wall-streets-plunge-after-trumps-tariff-decision-3957301
Investing.com UK
Asia stocks drop tracking Wall Street’s plunge after Trump’s tariff decision By Investing.com
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Trade Tariffs Take Effect
The FBM KLCI opened on a weaker note following the US President’s decision to implement tariffs on Canada and Mexico starting today, while doubling a levy on China. Market breadth remained weak, with laggards significantly outpacing gainers. All indices traded in the red, with the technology sector emerging as the main laggard, followed by the property sector — both extending their three-day losing streak.
Despite the market weakness, potential trading opportunities may still arise. Today's Traders’ Almanac highlights EDGENTA (Estimated Resistance: MYR0.945; Stop Loss: MYR0.715), SRIDGE (Estimated Resistance: MYR0.665; Stop Loss: MYR0.500), and PECCA (Estimated Resistance: MYR1.75; Stop Loss: MYR1.32) as potential BUYs. 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
The FBM KLCI opened on a weaker note following the US President’s decision to implement tariffs on Canada and Mexico starting today, while doubling a levy on China. Market breadth remained weak, with laggards significantly outpacing gainers. All indices traded in the red, with the technology sector emerging as the main laggard, followed by the property sector — both extending their three-day losing streak.
Despite the market weakness, potential trading opportunities may still arise. Today's Traders’ Almanac highlights EDGENTA (Estimated Resistance: MYR0.945; Stop Loss: MYR0.715), SRIDGE (Estimated Resistance: MYR0.665; Stop Loss: MYR0.500), and PECCA (Estimated Resistance: MYR1.75; Stop Loss: MYR1.32) as potential BUYs. 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
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 5Mar25
Dow Jones: 42,520.99 pts (-670.25pts, -1.55%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,555.66 pts (-15.73pts, -1.00%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 22,941.77 pts (-64.50pts, -0.28%)
⬆️ Resistance: 24600
⬇️ Support: 22100
Crude Palm Oil: RM4,349 (-RM11, -0.25%)
⬆️ Resistance: 4720
⬇️ Support: 4250
Brent Oil: $71.62 (-$0.47, -0.66%)
⬆️ Resistance: 75.80
⬇️ Support: 68.40
Gold: $2,917.89 (-$0.04, -0.00%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
Dow Jones: 42,520.99 pts (-670.25pts, -1.55%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,555.66 pts (-15.73pts, -1.00%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 22,941.77 pts (-64.50pts, -0.28%)
⬆️ Resistance: 24600
⬇️ Support: 22100
Crude Palm Oil: RM4,349 (-RM11, -0.25%)
⬆️ Resistance: 4720
⬇️ Support: 4250
Brent Oil: $71.62 (-$0.47, -0.66%)
⬆️ Resistance: 75.80
⬇️ Support: 68.40
Gold: $2,917.89 (-$0.04, -0.00%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 05Mar25
Seeking Safe Haven Assets
Selling pressure in the local bourse persisted, dragged down by YTL-related counters. Foreign institutional outflows continued for the 19th consecutive week. In the US, all three indices gapped down after President Trump’s implementation of tariffs on imports from Canada, Mexico, and China. These nations have announced retaliatory measures, escalating concerns about a global trade war. President Trump is also set to deliver his first Congress address later today, with significant attention focused on potential insights regarding Ukraine. In the commodities market, Brent crude fell below USD72/barrel, while gold prices remained flat around the USD2,900 range. Meanwhile, CPO prices dropped below RM4,400/tonne.
Sector Focus: Given the continuous strong selloffs in the market, the sentiment is expected to shift towards a risk-off mode, with investors likely seeking refuge in defensive sectors and safe-haven assets. Hence, we reiterate our stance on defensive sectors, including Banking, Utilities, and REITs, as they have recently reported stable earnings and offer consistent dividends. Meanwhile, we also favour KPJ, ITMAX and TIMECOM for their resilient business models and healthy chart setups, bucking the trend of the sluggish broader market performance.
Stocks to watch:
Technology: *ITMAX*, MCLEAN, *TIMECOM*
Utility: *GASMSIA*, KJTS, PEKAT
Financial: *OSK*
REITs: IGBREIT
Healthcare: *KPJ*
Source: M+
Seeking Safe Haven Assets
Selling pressure in the local bourse persisted, dragged down by YTL-related counters. Foreign institutional outflows continued for the 19th consecutive week. In the US, all three indices gapped down after President Trump’s implementation of tariffs on imports from Canada, Mexico, and China. These nations have announced retaliatory measures, escalating concerns about a global trade war. President Trump is also set to deliver his first Congress address later today, with significant attention focused on potential insights regarding Ukraine. In the commodities market, Brent crude fell below USD72/barrel, while gold prices remained flat around the USD2,900 range. Meanwhile, CPO prices dropped below RM4,400/tonne.
Sector Focus: Given the continuous strong selloffs in the market, the sentiment is expected to shift towards a risk-off mode, with investors likely seeking refuge in defensive sectors and safe-haven assets. Hence, we reiterate our stance on defensive sectors, including Banking, Utilities, and REITs, as they have recently reported stable earnings and offer consistent dividends. Meanwhile, we also favour KPJ, ITMAX and TIMECOM for their resilient business models and healthy chart setups, bucking the trend of the sluggish broader market performance.
Stocks to watch:
Technology: *ITMAX*, MCLEAN, *TIMECOM*
Utility: *GASMSIA*, KJTS, PEKAT
Financial: *OSK*
REITs: IGBREIT
Healthcare: *KPJ*
Source: M+
Forwarded from MWM Technical View Channel
‼️ Upcoming Share Consolidation Exercise ‼️
KEY ALLIANCE GROUP BERHAD : KGROUP (0036)
Ratio: Every 30 Ordinary Shares into 1 Consolidated Share
Ex-Date : 5 March 2025
KEY ALLIANCE GROUP BERHAD : KGROUP (0036)
Ratio: Every 30 Ordinary Shares into 1 Consolidated Share
Ex-Date : 5 March 2025
Forwarded from MWM Technical View Channel
IPO WAWASAN DENGKIL & LIM SEONG HAI AVAILABLE FOR MARGIN FINANCING !!!!