Khazanah-EPF consortium gives MAHB shareholders seven more working days to accept takeover bid
https://theedgemalaysia.com/node/740013
https://theedgemalaysia.com/node/740013
The Edge Malaysia
Khazanah-EPF consortium gives MAHB shareholders seven more working days to accept takeover bid
Gateway Development Alliance (GDA), the consortium proposing to privatise Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT), has extended the closing time and date for the acceptance of its takeover offer to 5pm on Jan 17, 2025, from 5pm on Jan 8, 2025,…
Forwarded from Trade With Maybank
NationGate Hits Record High of MYR3.03
NationGate Holdings (NATGATE) shares breached MYR3.00 level after two consecutive days of gains. The counter rose 9.5% yesterday and hit an intraday high of MYR3.03 as of the time of writing today.
As Nvidia’s original equipment maufacturer (OEM), NATGATE will begin shipments of its Nvidia H200 and B200 AI GPU servers in 1H25. Local analysts view NATGATE as a neutral OEM partmer for non-US hyperscalers relocating their supply chain in this region.
Based on Bloomberg data, NATGATE’s revenue and earnings per share (EPS) are projected to grow by 62.7% and 58.3% respectively in 2025.
Investors bullish on NATGATE may consider NATGATE-CD tracks NATGATE closely at a sensitivity of 2.1 ticks.
#DailyHighlights
NationGate Holdings (NATGATE) shares breached MYR3.00 level after two consecutive days of gains. The counter rose 9.5% yesterday and hit an intraday high of MYR3.03 as of the time of writing today.
As Nvidia’s original equipment maufacturer (OEM), NATGATE will begin shipments of its Nvidia H200 and B200 AI GPU servers in 1H25. Local analysts view NATGATE as a neutral OEM partmer for non-US hyperscalers relocating their supply chain in this region.
Based on Bloomberg data, NATGATE’s revenue and earnings per share (EPS) are projected to grow by 62.7% and 58.3% respectively in 2025.
Investors bullish on NATGATE may consider NATGATE-CD tracks NATGATE closely at a sensitivity of 2.1 ticks.
#DailyHighlights
Singapore, Malaysia ink deal creating new vast economic zone
https://theedgemalaysia.com/node/740064
https://theedgemalaysia.com/node/740064
The Edge Malaysia
Singapore, Malaysia ink deal creating new vast economic zone
The leaders of Malaysia and Singapore formalised an agreement establishing a special economic zone linking their two nations’ border region, with the aim of attracting 50 projects in the first five years of its establishment.
HSR can be revived, but only with major private sector participation, says PM
https://www.thestar.com.my/news/nation/2025/01/07/hsr-can-be-revived-but-only-with-major-private-sector-participation-says-pm
https://www.thestar.com.my/news/nation/2025/01/07/hsr-can-be-revived-but-only-with-major-private-sector-participation-says-pm
The Star
HSR can be revived, but only with major private sector participation, says PM
PUTRAJAYA: The Kuala Lumpur-Singapore High-Speed Rail (HSR) project can only be revived if there is full participation from the private sector in the project, as the government has other pending issues to focus on now, says Datuk Seri Anwar Ibrahim.
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: AI Themes Dominates
The FBM KLCI rebounded back above the 1,630 handle today, supported by some data centre related blue chips. Although the broad market slightly sided with the bears, interest perked up within AI related narratives, potentially due to NVIDIA’s keynote at the ongoing CES 2025 event in the US. In construction there were gains in GAMUDA and SUNCON (data centers); and D&O, PIE and NATGATE (EMS) in Tech/Industrials. Financials saw some decently strong trade value as well today.
Investors looking to diversify away from the AI hype today may want to consider trade alternatives like WASCO (Estimated Resistance: MYR 1.36; Stop Loss: MYR 1.04) from the energy sector. The stock was highlighted in our Traders’ Almanac post today as the stock has staged a bullish reversal breakout. For a detailed breakdown, check out our latest video above.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI rebounded back above the 1,630 handle today, supported by some data centre related blue chips. Although the broad market slightly sided with the bears, interest perked up within AI related narratives, potentially due to NVIDIA’s keynote at the ongoing CES 2025 event in the US. In construction there were gains in GAMUDA and SUNCON (data centers); and D&O, PIE and NATGATE (EMS) in Tech/Industrials. Financials saw some decently strong trade value as well today.
Investors looking to diversify away from the AI hype today may want to consider trade alternatives like WASCO (Estimated Resistance: MYR 1.36; Stop Loss: MYR 1.04) from the energy sector. The stock was highlighted in our Traders’ Almanac post today as the stock has staged a bullish reversal breakout. For a detailed breakdown, check out our latest video above.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
Forwarded from M+ On-The-Go
M+ Market Wrap - 7Jan25
FBM KLCI: 1,629.79 pts (+4.32pts, +0.27%)
After losing for three consecutive days, the FBMKLCI (+0.27%) rebounded and closed higher at 1,629.79 pts, driven by buying support into key heavyweights like GAMUDA (+34.0 sen) and SDG (+13.0 sen). However, the market breadth was negative, with 614 losers against 490 winners. In the broader market, the Construction (+3.53%) sector gained the most, as the kickoff of the Penang LRT project drove optimism in construction counters. Meanwhile, the Health Care (-2.09%) sector experienced the largest decline.
Top 3 Active stocks:
VELOCITY (7165): RM0.080 (unch)
GAMUDA (5398): RM5.200 (+34.0 sen)
TOPGLOV (7113): RM1.320 (-4.0 sen)
Volume: 3.91 bn (100-bar avg vol: 3.04 bn)
Value: RM3.30 bn (100-bar avg val: RM2.84 bn)
Market Breadth: ⬆️490 ⬇️614
Crude palm oil: RM4,345 (+RM7)
Dow Futures: 43,015 pts (+33 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,629.79 pts (+4.32pts, +0.27%)
After losing for three consecutive days, the FBMKLCI (+0.27%) rebounded and closed higher at 1,629.79 pts, driven by buying support into key heavyweights like GAMUDA (+34.0 sen) and SDG (+13.0 sen). However, the market breadth was negative, with 614 losers against 490 winners. In the broader market, the Construction (+3.53%) sector gained the most, as the kickoff of the Penang LRT project drove optimism in construction counters. Meanwhile, the Health Care (-2.09%) sector experienced the largest decline.
Top 3 Active stocks:
VELOCITY (7165): RM0.080 (unch)
GAMUDA (5398): RM5.200 (+34.0 sen)
TOPGLOV (7113): RM1.320 (-4.0 sen)
Volume: 3.91 bn (100-bar avg vol: 3.04 bn)
Value: RM3.30 bn (100-bar avg val: RM2.84 bn)
Market Breadth: ⬆️490 ⬇️614
Crude palm oil: RM4,345 (+RM7)
Dow Futures: 43,015 pts (+33 pts)
**Source: Bloomberg, M+**
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 8Jan25
Dow Jones: 42,528.36 pts (-178.20pts, -0.42%)
⬆️ Resistance: 44000
⬇️ Support: 41400
FBM KLCI: 1,629.79 pts (+4.32pts, +0.27%)
⬆️ Resistance: 1680
⬇️ Support: 1600
HSI Index: 19,447.58 pts (-240.71pts, -1.22%)
⬆️ Resistance: 20400
⬇️ Support: 18900
Crude Palm Oil: RM4,365 (+RM5, +0.11%)
⬆️ Resistance: 4620
⬇️ Support: 4200
Brent Oil: $77.05 (+$0.75, +0.98%)
⬆️ Resistance: 79.10
⬇️ Support: 73.30
Gold: $2,648.59 (+$0.87, +0.03%)
⬆️ Resistance: 2720
⬇️ Support: 2570
Source: Bloomberg, M+
Dow Jones: 42,528.36 pts (-178.20pts, -0.42%)
⬆️ Resistance: 44000
⬇️ Support: 41400
FBM KLCI: 1,629.79 pts (+4.32pts, +0.27%)
⬆️ Resistance: 1680
⬇️ Support: 1600
HSI Index: 19,447.58 pts (-240.71pts, -1.22%)
⬆️ Resistance: 20400
⬇️ Support: 18900
Crude Palm Oil: RM4,365 (+RM5, +0.11%)
⬆️ Resistance: 4620
⬇️ Support: 4200
Brent Oil: $77.05 (+$0.75, +0.98%)
⬆️ Resistance: 79.10
⬇️ Support: 73.30
Gold: $2,648.59 (+$0.87, +0.03%)
⬆️ Resistance: 2720
⬇️ Support: 2570
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market update – 8Jan25
ITMAX Securing Penang Contract
The local front rebounded after its 3-day losing streak, with strong buying interest seen across the Construction sector led by GAMUDA. In the US, all the 3 major indices closed lower, as ISM services data showed an acceleration, raising concerns about persistent inflation and reducing expectations for rate cuts in 2025 (from 2 rate cuts to 1). In terms of key economic data, traders will also keep track on the (i) Eurozone PPI, (ii) China CPI and (iii) US jobs report this week. In the commodities market, Brent crude oil continued its upward momentum and closed above the USD77, while the gold price traded flat around the USD2,650. Meanwhile, the CPO prices showed marginal gains but still trading below the RM4,400 mark.
Sector Focus: With ITMAX securing an RM11.8m CCTV contract from the Penang City Council, we believe trading opportunities will persist in ITMAX; Penang is also ITMAX’s third local council customer, besides Johor and KL. Meanwhile, we are also bullish on e-invoicing-related counters, as taxpayers with an annual turnover or revenue of more than RM25m to RM100m will have to subscribe to e-invoice service starting 1st January 2025. Lastly, with the formalisation of the Johor-Singapore Special Economic Zone, we are optimistic towards the Johor-related counters.
Stocks to watch:
Technology: *ATECH*, CABNET, *JFTECH*, RAMSSOL, *SMRT *
Utility: *JTGROUP*, *KJTS*
O&G: ARMADA
Construction: SSB8
Source: M+
ITMAX Securing Penang Contract
The local front rebounded after its 3-day losing streak, with strong buying interest seen across the Construction sector led by GAMUDA. In the US, all the 3 major indices closed lower, as ISM services data showed an acceleration, raising concerns about persistent inflation and reducing expectations for rate cuts in 2025 (from 2 rate cuts to 1). In terms of key economic data, traders will also keep track on the (i) Eurozone PPI, (ii) China CPI and (iii) US jobs report this week. In the commodities market, Brent crude oil continued its upward momentum and closed above the USD77, while the gold price traded flat around the USD2,650. Meanwhile, the CPO prices showed marginal gains but still trading below the RM4,400 mark.
Sector Focus: With ITMAX securing an RM11.8m CCTV contract from the Penang City Council, we believe trading opportunities will persist in ITMAX; Penang is also ITMAX’s third local council customer, besides Johor and KL. Meanwhile, we are also bullish on e-invoicing-related counters, as taxpayers with an annual turnover or revenue of more than RM25m to RM100m will have to subscribe to e-invoice service starting 1st January 2025. Lastly, with the formalisation of the Johor-Singapore Special Economic Zone, we are optimistic towards the Johor-related counters.
Stocks to watch:
Technology: *ATECH*, CABNET, *JFTECH*, RAMSSOL, *SMRT *
Utility: *JTGROUP*, *KJTS*
O&G: ARMADA
Construction: SSB8
Source: M+
Forwarded from M+ On-The-Go
*JSSEZ - 1+1 > 2: Harnessing the Multiplier Effect*
https://mplusonline.com/research-report/detail/661
• We believe the Johor-Singapore Special Economic Zone (JSSEZ) will generate strong synergies moving forward. Furthermore, it will enhance the region's competitiveness within ASEAN, potentially attracting increased foreign direct investments.
• Drawing inspiration from successful models such as Shenzhen and Suzhou, we believe the JSSEZ will follow a similar concept, creating a wide range of opportunities within various investment themes. In our view, it will drive growth in the Construction, Property, Utilities, Building Materials, and Technology sectors
Stocks that could benefit under these sectors:-
Construction: GAMUDA, IJM, SUNCON, BNASTRA, SSB8
Property: SUNWAY, ECOWLD, AME, UEMS
Utilities: GASMSIA, RANHILL, PEKAT, YTLPOWR, SCGBHD, MNHLDG, SLVEST
High growth, high value segments: PCHEM, DIALOG, ITMAX, CLOUDPT, SMRT, VSTECS
_*Source: Bloomberg, M+ Online*_
https://mplusonline.com/research-report/detail/661
• We believe the Johor-Singapore Special Economic Zone (JSSEZ) will generate strong synergies moving forward. Furthermore, it will enhance the region's competitiveness within ASEAN, potentially attracting increased foreign direct investments.
• Drawing inspiration from successful models such as Shenzhen and Suzhou, we believe the JSSEZ will follow a similar concept, creating a wide range of opportunities within various investment themes. In our view, it will drive growth in the Construction, Property, Utilities, Building Materials, and Technology sectors
Stocks that could benefit under these sectors:-
Construction: GAMUDA, IJM, SUNCON, BNASTRA, SSB8
Property: SUNWAY, ECOWLD, AME, UEMS
Utilities: GASMSIA, RANHILL, PEKAT, YTLPOWR, SCGBHD, MNHLDG, SLVEST
High growth, high value segments: PCHEM, DIALOG, ITMAX, CLOUDPT, SMRT, VSTECS
_*Source: Bloomberg, M+ Online*_
Mplusonline
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Forwarded from Bursa Malaysia
Northern Solar Holdings Berhad is expanding its capacity and geographical reach to capitalise on the rapid growth in the solar energy industry boosted by government policies and initiatives such as the NETR, LSS, CGPP and green technology tax incentives. The company is set to debut on the ACE Market on 6 February 2025. Check out the IPO factsheet at https://bit.ly/NorthernSolarHoldings
#BursaDigitalResearch #IPOAlert
#BursaDigitalResearch #IPOAlert
Forwarded from Trade With Maybank
ITMAX Secures MYR11.8 Million Video-Surveillance Contract
Yesterday, ITMAX System (ITMAX) announced it has secured another MYR11.8 million contract from the Penang Island Town Council to upgrade and maintain selected closed-circuit televisions (CCTV) within the council’s existing video surveillance network.
The contract includes integrating ITMAX’s proprietary traffic-related artificial intelligence features to enhance the system’s capabilities. The maintenance period for the project will span 60 months, commencing on 13 Sep’25.
ITMAX shares rose 2.7% yesterday; concurrently ITMAX-CL climbed 10.3%. Investors bullish on ITMAX may consider ITMAX-CL!
#DailyHighlights
Yesterday, ITMAX System (ITMAX) announced it has secured another MYR11.8 million contract from the Penang Island Town Council to upgrade and maintain selected closed-circuit televisions (CCTV) within the council’s existing video surveillance network.
The contract includes integrating ITMAX’s proprietary traffic-related artificial intelligence features to enhance the system’s capabilities. The maintenance period for the project will span 60 months, commencing on 13 Sep’25.
ITMAX shares rose 2.7% yesterday; concurrently ITMAX-CL climbed 10.3%. Investors bullish on ITMAX may consider ITMAX-CL!
#DailyHighlights