Forwarded from UOB Kay Hian Malaysia (Official)
UOBKH Retail Market Monitor
8 January 2025
FBMKLCI: 1,629.79 (+4.32)
Support: 1,613, 1,600
Resistance: 1,648, 1,675
Bursa Top Gainers:
GAMUDA (+7.0%), SUNWAY (+2.8%), SDG (+2.6%)
Bursa Top Losers:
AXIATA (-2.5%), TENAGA (-1.8%), 99SMART (-1.7%)
Bursa Trade Statistics
Local Institutions (41.67%): RM144.63m
Local Retail (18.83%): -RM38.31m
Foreign (39.50%): -RM106.32m
Global Equity Indexes
MSCI Asia : 181.97 (+0.64, +0.35%)
NASDAQ : 19,489.68 (-375.30, -1.89%)
S&P500 : 5,909.03 (-66.35, -1.11%)
DJIA : 42,528.36 (-178.20, -0.42%)
USD/MYR : 4.4875 (-0.0238)
SGD/MYR : 3.3006 (0.00)
Crude Oil : $74.66 (+0.41)
Gold : $2,663.70 (-1.70)
US stocks were lower after the close on Tuesday, as losses in the Technology, Consumer Goods and Telecoms sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.42%, while the S&P 500 index lost 1.10%, and the NASDAQ Composite index fell 1.88%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,832 to 976 and 64 ended unchanged; on the Nasdaq Stock Exchange, 2,187 fell and 1,100 advanced, while 134 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) HTPADU (KLSE: 5028)
Technical BUY with +25.5% potential return
* Last: RM3.18 TP: RM3.67, RM3.99 SL: RM2.99
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) PPHB (KLSE: 8273)
Technical BUY with +13.2% potential return
* Last: RM0.835 TP: RM0.895, RM0.945 SL: RM0.775
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) DPHARMA (KLSE: 7148)
Technical BUY with +12.5% potential return
* Last: RM1.28 TP: RM1.38, RM1.44 SL: RM1.21
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
8 January 2025
FBMKLCI: 1,629.79 (+4.32)
Support: 1,613, 1,600
Resistance: 1,648, 1,675
Bursa Top Gainers:
GAMUDA (+7.0%), SUNWAY (+2.8%), SDG (+2.6%)
Bursa Top Losers:
AXIATA (-2.5%), TENAGA (-1.8%), 99SMART (-1.7%)
Bursa Trade Statistics
Local Institutions (41.67%): RM144.63m
Local Retail (18.83%): -RM38.31m
Foreign (39.50%): -RM106.32m
Global Equity Indexes
MSCI Asia : 181.97 (+0.64, +0.35%)
NASDAQ : 19,489.68 (-375.30, -1.89%)
S&P500 : 5,909.03 (-66.35, -1.11%)
DJIA : 42,528.36 (-178.20, -0.42%)
USD/MYR : 4.4875 (-0.0238)
SGD/MYR : 3.3006 (0.00)
Crude Oil : $74.66 (+0.41)
Gold : $2,663.70 (-1.70)
US stocks were lower after the close on Tuesday, as losses in the Technology, Consumer Goods and Telecoms sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.42%, while the S&P 500 index lost 1.10%, and the NASDAQ Composite index fell 1.88%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,832 to 976 and 64 ended unchanged; on the Nasdaq Stock Exchange, 2,187 fell and 1,100 advanced, while 134 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) HTPADU (KLSE: 5028)
Technical BUY with +25.5% potential return
* Last: RM3.18 TP: RM3.67, RM3.99 SL: RM2.99
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) PPHB (KLSE: 8273)
Technical BUY with +13.2% potential return
* Last: RM0.835 TP: RM0.895, RM0.945 SL: RM0.775
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) DPHARMA (KLSE: 7148)
Technical BUY with +12.5% potential return
* Last: RM1.28 TP: RM1.38, RM1.44 SL: RM1.21
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
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UOB Kay Hian Malaysia (Official)
UOB Kay Hian MY offers Private Wealth Management, stockbroking, investment advisory and global equities. Helping individuals, businesses, and institutions invest with confidence.
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Forwarded from Discontinued Channel
Stock Watch-SET_20250108_HLIB.pdf
688.1 KB
⭐ Swift Energy Technology ⭐
An explosive proof expert
Debuting today on the ACE Market, SET specializes in industrial automation and power systems, focusing on niche areas such as Ex-rated power distribution systems and Ex-solar PV solutions. These systems are primarily used in the O&G sector, as well as in the manufacturing of grain products, edible oils, and food processing. This strategic positioning enables the group to capitalize on the growing O&G investments in SEA and the expanding food processing industries in the Asia-Pacific and African regions. We project SET's earnings to achieve a CAGR of 13.1% for FY24-FY27f. We value SET at RM0.42, based on 20.0x FY25f EPS of 2.1sen.
An explosive proof expert
Debuting today on the ACE Market, SET specializes in industrial automation and power systems, focusing on niche areas such as Ex-rated power distribution systems and Ex-solar PV solutions. These systems are primarily used in the O&G sector, as well as in the manufacturing of grain products, edible oils, and food processing. This strategic positioning enables the group to capitalize on the growing O&G investments in SEA and the expanding food processing industries in the Asia-Pacific and African regions. We project SET's earnings to achieve a CAGR of 13.1% for FY24-FY27f. We value SET at RM0.42, based on 20.0x FY25f EPS of 2.1sen.
Technical Tracker_Notion 20250108_HLIB.pdf
704.8 KB
⭐️Technical tracker ⭐️- HLIB Retail Research -8 Jan 2025
Notion: Pending breakout
FY25 will primarily be driven by the EMS and Automotive segments, with the former serving as the key growth driver. The group is currently ramping up mass production for two additional motor components. Meanwhile, the automotive segment is set to benefit from the commencement of two new projects, alongside stronger sales from existing customers.
Collection range: RM1.26-1.30-1.35
Upside targets: RM1.59-1.65-1.75
Cut loss: RM1.18
Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl
Disclaimer: www.hlebroking.com/v3/disclaimer.as
Notion: Pending breakout
FY25 will primarily be driven by the EMS and Automotive segments, with the former serving as the key growth driver. The group is currently ramping up mass production for two additional motor components. Meanwhile, the automotive segment is set to benefit from the commencement of two new projects, alongside stronger sales from existing customers.
Collection range: RM1.26-1.30-1.35
Upside targets: RM1.59-1.65-1.75
Cut loss: RM1.18
Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl
Disclaimer: www.hlebroking.com/v3/disclaimer.as
Top Glove anticipates strong rebound in 2Q
https://www.thestar.com.my/business/business-news/2025/01/08/top-glove-anticipates-strong-rebound-in-2q
https://www.thestar.com.my/business/business-news/2025/01/08/top-glove-anticipates-strong-rebound-in-2q
The Star
Top Glove anticipates strong rebound in 2Q
PETALING JAYA: Top Glove Corp Bhd is optimistic of a strong sequential rebound in earnings recovery for the second quarter of financial year 2025 (2Q25), says Kenanga Research.
Market Update : Could be triggered by the volatile Donald Trump's statement and it is affecting the sentiment globally.
President-elect Donald Trump has recently reignited controversies involving Greenland and the Panama Canal, eliciting significant international reactions.
Source : M+ Analyst
President-elect Donald Trump has recently reignited controversies involving Greenland and the Panama Canal, eliciting significant international reactions.
Source : M+ Analyst
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 9Jan25
Dow Jones: 42,635.20 pts (+106.84pts, +0.25%)
⬆️ Resistance: 44000
⬇️ Support: 41400
FBM KLCI: 1,614.83 pts (-14.96pts, -0.92%)
⬆️ Resistance: 1680
⬇️ Support: 1590
HSI Index: 19,279.84 pts (-167.74pts, -0.86%)
⬆️ Resistance: 20400
⬇️ Support: 18800
Crude Palm Oil: RM4,354 (-RM25, -0.57%)
⬆️ Resistance: 4620
⬇️ Support: 4200
Brent Oil: $76.16 (-$0.89, -1.16%)
⬆️ Resistance: 79.50
⬇️ Support: 73.30
Gold: $2,661.94 (+$0.34, +0.01%)
⬆️ Resistance: 2730
⬇️ Support: 2570
Source: Bloomberg, M+
Dow Jones: 42,635.20 pts (+106.84pts, +0.25%)
⬆️ Resistance: 44000
⬇️ Support: 41400
FBM KLCI: 1,614.83 pts (-14.96pts, -0.92%)
⬆️ Resistance: 1680
⬇️ Support: 1590
HSI Index: 19,279.84 pts (-167.74pts, -0.86%)
⬆️ Resistance: 20400
⬇️ Support: 18800
Crude Palm Oil: RM4,354 (-RM25, -0.57%)
⬆️ Resistance: 4620
⬇️ Support: 4200
Brent Oil: $76.16 (-$0.89, -1.16%)
⬆️ Resistance: 79.50
⬇️ Support: 73.30
Gold: $2,661.94 (+$0.34, +0.01%)
⬆️ Resistance: 2730
⬇️ Support: 2570
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market update – 9Jan25
JSSEZ Theme Could Support The Market
The local front closed on a negative tone, as subdued overnight performance in the US spilled into the regional markets. Meanwhile, Wall Street ended mixed, with FOMC meeting minutes reflecting that nearly all committee participants found that upside risks to the inflation outlook had increased, alongside with expectations of fewer rate cuts this year than previously anticipated. Traders will also closely monitor the US monthly initial jobless claims data and China’s CPI and PPI later today. In the commodities market, Brent crude oil declined traded around USD76-77, while the gold price ranging along USD2660 with a positive bias. Meanwhile, the CPO prices continued to trade below the RM4,400 mark.
Sector Focus: Despite broad-based selling pressure, we expect the JSSEZ theme to continue providing support to overall investment sentiment in the near term, driven by ongoing FDI inflows and data center investments. Besides, we remain optimistic about Penang-related counters, underpinned by the commencement of six water projects worth over RM1.8bn and the start of the Penang LRT project. We maintain a bullish outlook on the Construction, Property, Building Material and Utilities sectors. Trading opportunities might persist in ITMAX, as it has secured an RM11.8m CCTV contract from the Penang City Council.
Stocks to watch:
Manufacturing: *MINOX*, UNIQUE
Consumer: *PANDA*, *RGB*
Technology: *ADB*
Utility: *RANHILL*
Property: *VLB*
Construction: INTA
Source: M+
JSSEZ Theme Could Support The Market
The local front closed on a negative tone, as subdued overnight performance in the US spilled into the regional markets. Meanwhile, Wall Street ended mixed, with FOMC meeting minutes reflecting that nearly all committee participants found that upside risks to the inflation outlook had increased, alongside with expectations of fewer rate cuts this year than previously anticipated. Traders will also closely monitor the US monthly initial jobless claims data and China’s CPI and PPI later today. In the commodities market, Brent crude oil declined traded around USD76-77, while the gold price ranging along USD2660 with a positive bias. Meanwhile, the CPO prices continued to trade below the RM4,400 mark.
Sector Focus: Despite broad-based selling pressure, we expect the JSSEZ theme to continue providing support to overall investment sentiment in the near term, driven by ongoing FDI inflows and data center investments. Besides, we remain optimistic about Penang-related counters, underpinned by the commencement of six water projects worth over RM1.8bn and the start of the Penang LRT project. We maintain a bullish outlook on the Construction, Property, Building Material and Utilities sectors. Trading opportunities might persist in ITMAX, as it has secured an RM11.8m CCTV contract from the Penang City Council.
Stocks to watch:
Manufacturing: *MINOX*, UNIQUE
Consumer: *PANDA*, *RGB*
Technology: *ADB*
Utility: *RANHILL*
Property: *VLB*
Construction: INTA
Source: M+
Forwarded from Trade With Maybank
Developers to Benefit from Johor-Singapore Special Economic Zone
Maybank IB Research (Maybank IB) expects the property sector to be a key beneficiary of the Johor-Singapore Special Economic Zone (JS-SEZ) following the government’s plan to launch 50 projects over the next five years and 100 projects within a decade. The initiative will also include a dedicated infrastructure development fund.
Maybank IB Research highlights UEM Sunrise (UEMS) as a top pick due to its substantial 4,783-acre landbank in Iskandar Malaysia, positioning the company to benefit from the initial wave of projects.
Bullish investors may consider UEMS-C1L, which recorded traded volume of 15.26 million yesterday and tracks UEMS closely with a sensitivity of 1.9 ticks.
#WarrantsWatch
Maybank IB Research (Maybank IB) expects the property sector to be a key beneficiary of the Johor-Singapore Special Economic Zone (JS-SEZ) following the government’s plan to launch 50 projects over the next five years and 100 projects within a decade. The initiative will also include a dedicated infrastructure development fund.
Maybank IB Research highlights UEM Sunrise (UEMS) as a top pick due to its substantial 4,783-acre landbank in Iskandar Malaysia, positioning the company to benefit from the initial wave of projects.
Bullish investors may consider UEMS-C1L, which recorded traded volume of 15.26 million yesterday and tracks UEMS closely with a sensitivity of 1.9 ticks.
#WarrantsWatch