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
Forwarded from Bursa Malaysia
Oriental Kopi Holdings Berhad, a café chain operator with 20 cafes in Malaysia and Singapore, is set to make its debut under the Consumer Products & Services sector on the ACE Market on 23 January 2025. Check out the IPO factsheet at https://bit.ly/OrientalKopi_IPO
#BursaDigitalResearch #IPOAlert
#BursaDigitalResearch #IPOAlert
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Cautious Optimism
The FBM KLCI continued its downtrend after US jobs data indicated a cooling labor market, suggesting the Fed might pause rate cuts in January. Losses in GAMUDA and YTL stocks further weighed down the index. Market sentiment remained weak, with most constituents trading in the red. The construction sector declined due to profit-taking, and tech stocks slipped, likely due to reports of new US export restrictions on AI chips targeting China and Russia. On the bright side, REIT share price gains prompt selective picking, seeing opportunities in targeted market segments.
As telco & media rebound from yesterday’s losses, investors anticipating further gains may consider CDB (Target Price: MYR 4.50) and TM (Target Price: MYR 7.50) as potential trade ideas. For more insights, check the full report in the Insights tab on your Maybank Trade MY app today.
Trade Your Way Forward. Simple, Smart, and Seamlessly
#Middayrecap
The FBM KLCI continued its downtrend after US jobs data indicated a cooling labor market, suggesting the Fed might pause rate cuts in January. Losses in GAMUDA and YTL stocks further weighed down the index. Market sentiment remained weak, with most constituents trading in the red. The construction sector declined due to profit-taking, and tech stocks slipped, likely due to reports of new US export restrictions on AI chips targeting China and Russia. On the bright side, REIT share price gains prompt selective picking, seeing opportunities in targeted market segments.
As telco & media rebound from yesterday’s losses, investors anticipating further gains may consider CDB (Target Price: MYR 4.50) and TM (Target Price: MYR 7.50) as potential trade ideas. For more insights, check the full report in the Insights tab on your Maybank Trade MY app today.
Trade Your Way Forward. Simple, Smart, and Seamlessly
#Middayrecap
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 10Jan25
Dow Jones: 42,635.20 pts (+106.84pts, +0.25%)
⬆️ Resistance: 44000
⬇️ Support: 41500
FBM KLCI: 1,600.81 pts (-14.02pts, -0.87%)
⬆️ Resistance: 1670
⬇️ Support: 1570
HSI Index: 19,240.89 pts (-38.95pts, -0.20%)
⬆️ Resistance: 20300
⬇️ Support: 18800
Crude Palm Oil: RM4,296 (-RM5, -0.12%)
⬆️ Resistance: 4540
⬇️ Support: 4150
Brent Oil: $76.92 (+$0.76, +1.00%)
⬆️ Resistance: 79.50
⬇️ Support: 74.10
Gold: $2,667.25 (+$3.59, +0.13%)
⬆️ Resistance: 2740
⬇️ Support: 2570
Source: Bloomberg, M+
Dow Jones: 42,635.20 pts (+106.84pts, +0.25%)
⬆️ Resistance: 44000
⬇️ Support: 41500
FBM KLCI: 1,600.81 pts (-14.02pts, -0.87%)
⬆️ Resistance: 1670
⬇️ Support: 1570
HSI Index: 19,240.89 pts (-38.95pts, -0.20%)
⬆️ Resistance: 20300
⬇️ Support: 18800
Crude Palm Oil: RM4,296 (-RM5, -0.12%)
⬆️ Resistance: 4540
⬇️ Support: 4150
Brent Oil: $76.92 (+$0.76, +1.00%)
⬆️ Resistance: 79.50
⬇️ Support: 74.10
Gold: $2,667.25 (+$3.59, +0.13%)
⬆️ Resistance: 2740
⬇️ Support: 2570
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market update – 10Jan25
State-Specific Thematic Focus
The local front continued to close on a negative tone, with YTL-related counters dragging the key index lower. Meanwhile, equity markets in the US were closed in observance of the passing of former US President Jimmy Carter. As the time of writing, Wall Street futures are down, and traders are shifting their attention to the December nonfarm payrolls due later today. In the commodities market, Brent crude oil traded above USD77 level amid declining US inventories. Gold prices are hovering along the USD2670 level, while CPO prices have fallen below RM4,300.
Sector Focus: As Wall Street futures slides, this could spillover to stocks on the local front. However, we believe the market will focus on state-specific thematic plays; (i) Sarawak - PM Anwar’s proposal to position Sarawak as Malaysia’s energy hub is expected to drive further developments in the state, benefiting East Malaysia-related counters, (ii) Penang - the commencement of six water projects in Penang, worth over RM1.8bn, alongside the start of the Penang LRT project, is expected to boost the Penang-related counters and (iii) Johor - the formalisation of the JSSEZ, coupled with ongoing FDI inflows and data center investments in Johor, is anticipated to benefit the Johor-related counters.
Stocks to watch:
Consumer: *DXN*, *FFB*
O&G: *YINSON*
Property: *ECOWLD*
Utility: MALAKOF
Source: M+
State-Specific Thematic Focus
The local front continued to close on a negative tone, with YTL-related counters dragging the key index lower. Meanwhile, equity markets in the US were closed in observance of the passing of former US President Jimmy Carter. As the time of writing, Wall Street futures are down, and traders are shifting their attention to the December nonfarm payrolls due later today. In the commodities market, Brent crude oil traded above USD77 level amid declining US inventories. Gold prices are hovering along the USD2670 level, while CPO prices have fallen below RM4,300.
Sector Focus: As Wall Street futures slides, this could spillover to stocks on the local front. However, we believe the market will focus on state-specific thematic plays; (i) Sarawak - PM Anwar’s proposal to position Sarawak as Malaysia’s energy hub is expected to drive further developments in the state, benefiting East Malaysia-related counters, (ii) Penang - the commencement of six water projects in Penang, worth over RM1.8bn, alongside the start of the Penang LRT project, is expected to boost the Penang-related counters and (iii) Johor - the formalisation of the JSSEZ, coupled with ongoing FDI inflows and data center investments in Johor, is anticipated to benefit the Johor-related counters.
Stocks to watch:
Consumer: *DXN*, *FFB*
O&G: *YINSON*
Property: *ECOWLD*
Utility: MALAKOF
Source: M+