Forwarded from RHB Investment Bank Official
10 January 2025
Buy & Sell Calls
Dialog (DLG MK, BUY, TP: MYR3.11)
Syariah Compliant
Secures FID For BJC SFA PSC; Keep BUY
https://tinyurl.com/55z9e7n9
Telecommunications (NEUTRAL)
-TM 4863 (Syariah Compliant) TP RM8.45
-AXIATA 6888 (Syariah Compliant) TP RM3.40
-CDB 6947 (Syariah Compliant) TP RM4.35
Clearing The Air On 5G
https://tinyurl.com/3keb5me7
Oriental Kopi (KOPI MK, NOT RATED, FV: MYR0.64)
IPO
In a Sweet Spot To Chart Robust Growth
https://tinyurl.com/yc6hpeay
Buy & Sell Calls
Dialog (DLG MK, BUY, TP: MYR3.11)
Syariah Compliant
Secures FID For BJC SFA PSC; Keep BUY
https://tinyurl.com/55z9e7n9
Telecommunications (NEUTRAL)
-TM 4863 (Syariah Compliant) TP RM8.45
-AXIATA 6888 (Syariah Compliant) TP RM3.40
-CDB 6947 (Syariah Compliant) TP RM4.35
Clearing The Air On 5G
https://tinyurl.com/3keb5me7
Oriental Kopi (KOPI MK, NOT RATED, FV: MYR0.64)
IPO
In a Sweet Spot To Chart Robust Growth
https://tinyurl.com/yc6hpeay
Forwarded from RHB Investment Bank Official
Technology (OVERWEIGHT)
-MPI 3867 (Syariah Compliant) TP RM38.50
-CTOS 5301 (Syariah Compliant) TP RM1.58
-CORAZA 0240 (Syariah Compliant) TP RM0.62
-DSONIC 5216 (Syariah Compliant) TP RM0.68
Limited Impact On Local Tech Space; OVERWEIGHT
https://tinyurl.com/yc4my9dv
♦️Trade & Win
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Campaign Period: 1 January 2025 – 31 December 2025
T&Cs: https://tinyurl.com/52r68nhz
Join us today and power up your trade!
-MPI 3867 (Syariah Compliant) TP RM38.50
-CTOS 5301 (Syariah Compliant) TP RM1.58
-CORAZA 0240 (Syariah Compliant) TP RM0.62
-DSONIC 5216 (Syariah Compliant) TP RM0.68
Limited Impact On Local Tech Space; OVERWEIGHT
https://tinyurl.com/yc4my9dv
♦️Trade & Win
Drive away in one of two brand-new Proton e.Mas 7 and win shopping vouchers up to RM10,000! 🎁
Trading with us has never been more rewarding. Don’t miss out on this amazing opportunity to win fantastic prizes! Every RM1,000 traded value wins you one draw entry.
Campaign Period: 1 January 2025 – 31 December 2025
T&Cs: https://tinyurl.com/52r68nhz
Join us today and power up your trade!
Forwarded from M+ On-The-Go
M+ Market Wrap - 10Jan25
FBM KLCI: 1,602.41 pts (+1.60pts, +0.10%)
Despite the sluggish regional market performance, the FBMKLCI (+0.10%) bucked the trend and closed slightly higher at 1,602.41 pts, led by key heavyweights including CIMB (+7.0 sen) and YTLPOWR (+5.0 sen). Nevertheless, the market breadth was still negative, with 530 losers against 443 winners. In the broader market, the Healthcare (+1.48%) sector emerged as the top gainer, with bargain-hunting activities occurred across glove counters like HARTA (+8.0 sen) and TOPGLOV (+3.0 sen) after their recent pullback. Meanwhile, the Property (-0.68%) sector ended the day as the worst-performing sector.
Top 3 Active stocks:
VELOCITY (7165): RM0.085 (+1.5 sen)
NATGATE (0270): RM2.450 (-17.0 sen)
SET (0337): RM0.385 (-3.5 sen)
Volume: 2.52 bn (100-bar avg vol: 3.03 bn)
Value: RM2.42 bn (100-bar avg val: RM2.85 bn)
Market Breadth: ⬆️443 ⬇️530
Crude palm oil: RM4,383 (+RM87)
Dow Futures: 42,841 pts (+19 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,602.41 pts (+1.60pts, +0.10%)
Despite the sluggish regional market performance, the FBMKLCI (+0.10%) bucked the trend and closed slightly higher at 1,602.41 pts, led by key heavyweights including CIMB (+7.0 sen) and YTLPOWR (+5.0 sen). Nevertheless, the market breadth was still negative, with 530 losers against 443 winners. In the broader market, the Healthcare (+1.48%) sector emerged as the top gainer, with bargain-hunting activities occurred across glove counters like HARTA (+8.0 sen) and TOPGLOV (+3.0 sen) after their recent pullback. Meanwhile, the Property (-0.68%) sector ended the day as the worst-performing sector.
Top 3 Active stocks:
VELOCITY (7165): RM0.085 (+1.5 sen)
NATGATE (0270): RM2.450 (-17.0 sen)
SET (0337): RM0.385 (-3.5 sen)
Volume: 2.52 bn (100-bar avg vol: 3.03 bn)
Value: RM2.42 bn (100-bar avg val: RM2.85 bn)
Market Breadth: ⬆️443 ⬇️530
Crude palm oil: RM4,383 (+RM87)
Dow Futures: 42,841 pts (+19 pts)
**Source: Bloomberg, M+**
2025 outlook: The key sectors to watch
https://theedgemalaysia.com/node/740299
https://theedgemalaysia.com/node/740299
The Edge Malaysia
2025 outlook: The key sectors to watch
Malaysia’s benchmark FBM KLCI registered a strong 12.58% gain in 2024 — marking its best performance in 14 years — as the country saw a sharp recovery in investor sentiment after a prolonged period of political uncertainties, lifted by strong investment activity…
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 13Jan25
Dow Jones: 41,938.45 pts (-696.75pts, -1.63%)
⬆️ Resistance: 44000
⬇️ Support: 41100
FBM KLCI: 1,602.41 pts (+1.60pts, +0.10%)
⬆️ Resistance: 1670
⬇️ Support: 1570
HSI Index: 19,064.29 pts (-176.60pts, -0.92%)
⬆️ Resistance: 20300
⬇️ Support: 18700
Crude Palm Oil: RM4,391 (+RM95, +2.21%)
⬆️ Resistance: 4540
⬇️ Support: 4150
Brent Oil: $79.76 (+$2.84, +3.69%)
⬆️ Resistance: 82.40
⬇️ Support: 74.20
Gold: $2,689.76 (+$22.51, +0.84%)
⬆️ Resistance: 2760
⬇️ Support: 2570
Source: Bloomberg, M+
Dow Jones: 41,938.45 pts (-696.75pts, -1.63%)
⬆️ Resistance: 44000
⬇️ Support: 41100
FBM KLCI: 1,602.41 pts (+1.60pts, +0.10%)
⬆️ Resistance: 1670
⬇️ Support: 1570
HSI Index: 19,064.29 pts (-176.60pts, -0.92%)
⬆️ Resistance: 20300
⬇️ Support: 18700
Crude Palm Oil: RM4,391 (+RM95, +2.21%)
⬆️ Resistance: 4540
⬇️ Support: 4150
Brent Oil: $79.76 (+$2.84, +3.69%)
⬆️ Resistance: 82.40
⬇️ Support: 74.20
Gold: $2,689.76 (+$22.51, +0.84%)
⬆️ Resistance: 2760
⬇️ Support: 2570
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 13Jan25
Tech Stocks May Experience Higher Volatility
The local bourse ended the week on a marginally positive note, lifted by gains in the Banking and Utilities sectors. In the US, December job data showed a recovery following the devastating hurricane season in November, exceeding analysts' forecasts. However, Wall Street closed on a negative note as markets anticipated that the Fed could further slow the easing cycle. In the commodities market, Brent crude oil approached the USD80 level amid declining US crude inventories. Gold prices traded above USD2,680 an ounce, while CPO prices rebounded, but remained below the RM 4,400 level.
Sector Focus Mirroring the softer tone of the US market performance, KLCI is set to open lower. Traders may focus on the O&G sector amid the surge in Brent crude oil prices and export-oriented stocks, that could benefit from the strengthening of the Dollar, which is currently hovering around the two-year high. However, the upside of the Technology stock may be limited following the announcement of further US restrictions on AI chip exports to Malaysia. Nevertheless, we believe domestic-themed plays may take the lead in the near term ahead of Trump’s inauguration January 20. Key themes to watch include JSSEZ initiative, Penang’s ongoing LRT project and potential emergence of Sarawak as an energy hub.
Stocks to watch:
Technology: *ADB*, CLOUDPT, *EG*, *ITMAX*
Utility: KJTS, *PEKAT*, SLVEST, UUE
Consumer: *GCB*
Building Material: UNIQUE
Source: M+
Tech Stocks May Experience Higher Volatility
The local bourse ended the week on a marginally positive note, lifted by gains in the Banking and Utilities sectors. In the US, December job data showed a recovery following the devastating hurricane season in November, exceeding analysts' forecasts. However, Wall Street closed on a negative note as markets anticipated that the Fed could further slow the easing cycle. In the commodities market, Brent crude oil approached the USD80 level amid declining US crude inventories. Gold prices traded above USD2,680 an ounce, while CPO prices rebounded, but remained below the RM 4,400 level.
Sector Focus Mirroring the softer tone of the US market performance, KLCI is set to open lower. Traders may focus on the O&G sector amid the surge in Brent crude oil prices and export-oriented stocks, that could benefit from the strengthening of the Dollar, which is currently hovering around the two-year high. However, the upside of the Technology stock may be limited following the announcement of further US restrictions on AI chip exports to Malaysia. Nevertheless, we believe domestic-themed plays may take the lead in the near term ahead of Trump’s inauguration January 20. Key themes to watch include JSSEZ initiative, Penang’s ongoing LRT project and potential emergence of Sarawak as an energy hub.
Stocks to watch:
Technology: *ADB*, CLOUDPT, *EG*, *ITMAX*
Utility: KJTS, *PEKAT*, SLVEST, UUE
Consumer: *GCB*
Building Material: UNIQUE
Source: M+
Forwarded from Trade With Maybank
Consumer Sector Poised for Growth in 2025
Maybank Investment Bank (Maybank IB) Research forecasts a 15% YoY net profit growth for Malaysian consumer stocks, including Nestle (NESTLE), Farm Fresh (FFB), and MR D.I.Y. (MRDIY), citing strong macroeconomic factors and supportive government initiatives.
Key drivers include the Employees Provident Fund Account 3 withdrawals, a 7-15% civil service salary increase (effective Dec’24), and a minimum wage hike from RM1,500 to RM1,700 per month (effective Feb’25).
Investors bullish on the forecast may consider Call Warrants like MRDIY-C36, which tracks the share price of MRDIY closely with a sensitivity of 1.7 ticks.
#DailyHighlights
Maybank Investment Bank (Maybank IB) Research forecasts a 15% YoY net profit growth for Malaysian consumer stocks, including Nestle (NESTLE), Farm Fresh (FFB), and MR D.I.Y. (MRDIY), citing strong macroeconomic factors and supportive government initiatives.
Key drivers include the Employees Provident Fund Account 3 withdrawals, a 7-15% civil service salary increase (effective Dec’24), and a minimum wage hike from RM1,500 to RM1,700 per month (effective Feb’25).
Investors bullish on the forecast may consider Call Warrants like MRDIY-C36, which tracks the share price of MRDIY closely with a sensitivity of 1.7 ticks.
#DailyHighlights
Forwarded from CGS International Securities Malaysia
*Corporate news*
*Sime Darby Property Bhd* said on Friday 10 Jan it has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232m. (The Edge Malaysia)
*Tenaga Nasional Bhd* or TNB said its indirectly wholly owned unit TNB Western Energy Bhd has been slapped with an income tax bill amounting to RM291.6m for the year of assessment 2018 from the Inland Revenue Board (IRB). (The Edge Malaysia)
Gamuda Land and *Public Bank Bhd* have introduced Malaysia’s first flexible 120% home financing package, the PB SmartLiving scheme, offering new levels of accessibility and affordability for homebuyers. (The Edge Malaysia)
*Metronic Global Bhd*, which provides system integration services and integrated management systems, announced that its subsidiary, MAT JV Sdn Bhd, has been awarded a RM31m contract by Gamuda M&E Sdn Bhd to supply instrumentation systems for the Sungai Rasau Water Supply Scheme project. (The Edge Malaysia)
*Uzma Bhd*, through its subsidiary Setegap Ventures Petroleum Sdn Bhd (SVP), has secured a one-year contract extension worth RM100m from Petronas Carigali Sdn Bhd. (The Edge Malaysia)
OSK Property Holdings Bhd, the property arm of *OSK Holdings Bhd*, is expanding its land bank with the acquisition of four parcels of freehold land measuring 26.3 hectares in Sungai Petani, Kedah, for RM14.2m. (The Edge Malaysia)
*LBS Bina Group Bhd* has launched Centrum Iris, the second precinct of Cameron Centrum and the largest mixed development of commercial offerings located in Cameron Highlands, Pahang. It has a projected gross development value of RM472m. (The Edge Malaysia)
*AME Real Estate Investment Trust*, a 49.6%-owned unit of *AME Elite Consortium Bhd*, is planning to establish a sukuk wakalah programme with a value of up to RM1bn. (The Edge Malaysia)
Malaysia’s national oil and gas company *Petroliam Nasional Bhd (Petronas)* has reached the final investment decision for the development of the Hidayah field offshore East Java, Indonesia. A final investment decision in the oil-and-gas industry typically takes years to make and is a sign that a proposed project will proceed following extensive studies and planning. The project owner then approves the budget, allowing contractors to acquire materials as well as equipment to begin work. (The Edge Malaysia)
*Berjaya Group* is seeking a new partner as it bids for a proposed multibillion-dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, after *Malaysian Resources Corp Bhd* withdrew from the consortium, Berjaya Corporation Bhd founder Tan Sri Vincent Tan Chee YiounChiun said. (The Edge Malaysia)
*Key Alliance Group Bhd* has proposed to consolidate its shares on a 30-to-one basis. The proposed share consolidation is part of its capital management plan to improve its capital structure and aims to reduce the volatility of the trading price for its shares, the company said in its bourse filing. (The Edge Malaysia)
*13th Jan 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.
*Sime Darby Property Bhd* said on Friday 10 Jan it has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232m. (The Edge Malaysia)
*Tenaga Nasional Bhd* or TNB said its indirectly wholly owned unit TNB Western Energy Bhd has been slapped with an income tax bill amounting to RM291.6m for the year of assessment 2018 from the Inland Revenue Board (IRB). (The Edge Malaysia)
Gamuda Land and *Public Bank Bhd* have introduced Malaysia’s first flexible 120% home financing package, the PB SmartLiving scheme, offering new levels of accessibility and affordability for homebuyers. (The Edge Malaysia)
*Metronic Global Bhd*, which provides system integration services and integrated management systems, announced that its subsidiary, MAT JV Sdn Bhd, has been awarded a RM31m contract by Gamuda M&E Sdn Bhd to supply instrumentation systems for the Sungai Rasau Water Supply Scheme project. (The Edge Malaysia)
*Uzma Bhd*, through its subsidiary Setegap Ventures Petroleum Sdn Bhd (SVP), has secured a one-year contract extension worth RM100m from Petronas Carigali Sdn Bhd. (The Edge Malaysia)
OSK Property Holdings Bhd, the property arm of *OSK Holdings Bhd*, is expanding its land bank with the acquisition of four parcels of freehold land measuring 26.3 hectares in Sungai Petani, Kedah, for RM14.2m. (The Edge Malaysia)
*LBS Bina Group Bhd* has launched Centrum Iris, the second precinct of Cameron Centrum and the largest mixed development of commercial offerings located in Cameron Highlands, Pahang. It has a projected gross development value of RM472m. (The Edge Malaysia)
*AME Real Estate Investment Trust*, a 49.6%-owned unit of *AME Elite Consortium Bhd*, is planning to establish a sukuk wakalah programme with a value of up to RM1bn. (The Edge Malaysia)
Malaysia’s national oil and gas company *Petroliam Nasional Bhd (Petronas)* has reached the final investment decision for the development of the Hidayah field offshore East Java, Indonesia. A final investment decision in the oil-and-gas industry typically takes years to make and is a sign that a proposed project will proceed following extensive studies and planning. The project owner then approves the budget, allowing contractors to acquire materials as well as equipment to begin work. (The Edge Malaysia)
*Berjaya Group* is seeking a new partner as it bids for a proposed multibillion-dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, after *Malaysian Resources Corp Bhd* withdrew from the consortium, Berjaya Corporation Bhd founder Tan Sri Vincent Tan Chee YiounChiun said. (The Edge Malaysia)
*Key Alliance Group Bhd* has proposed to consolidate its shares on a 30-to-one basis. The proposed share consolidation is part of its capital management plan to improve its capital structure and aims to reduce the volatility of the trading price for its shares, the company said in its bourse filing. (The Edge Malaysia)
*13th Jan 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.
Malaysian stocks broadly lower as KLCI falls to five-month low, ringgit weakens
https://theedgemalaysia.com/node/740754
https://theedgemalaysia.com/node/740754
The Edge Malaysia
Malaysian stocks broadly lower as KLCI falls to five-month low, ringgit weakens
Malaysian stocks were broadly lower on Monday led by construction and property companies, while the country’s benchmark index fell to a five-month low. Investors in Asia reacted poorly to the latest jobs data in the US that pointed to a robust economy, threatening…
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 14Jan25
Dow Jones: 42,297.12 pts (+358.67pts, +0.86%)
⬆️ Resistance: 43800
⬇️ Support: 41100
FBM KLCI: 1,585.59 pts (-16.82pts, -1.05%)
⬆️ Resistance: 1670
⬇️ Support: 1550
HSI Index: 18,874.14 pts (-190.15pts, -1.00%)
⬆️ Resistance: 20100
⬇️ Support: 18300
Crude Palm Oil: RM4,500 (-RM14, -0.31%)
⬆️ Resistance: 4640
⬇️ Support: 4150
Brent Oil: $79.76 (+$1.21, +1.52%)
⬆️ Resistance: 83.40
⬇️ Support: 74.20
Gold: $2,663.16 (+$0.08, +0.00%)
⬆️ Resistance: 2760
⬇️ Support: 2590
Source: Bloomberg, M+
Dow Jones: 42,297.12 pts (+358.67pts, +0.86%)
⬆️ Resistance: 43800
⬇️ Support: 41100
FBM KLCI: 1,585.59 pts (-16.82pts, -1.05%)
⬆️ Resistance: 1670
⬇️ Support: 1550
HSI Index: 18,874.14 pts (-190.15pts, -1.00%)
⬆️ Resistance: 20100
⬇️ Support: 18300
Crude Palm Oil: RM4,500 (-RM14, -0.31%)
⬆️ Resistance: 4640
⬇️ Support: 4150
Brent Oil: $79.76 (+$1.21, +1.52%)
⬆️ Resistance: 83.40
⬇️ Support: 74.20
Gold: $2,663.16 (+$0.08, +0.00%)
⬆️ Resistance: 2760
⬇️ Support: 2590
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 14Jan25
Bumpy Ride On Bursa Exchange To Persist
The local bourse began the week on a negative note, tracking the weaker overnight performance in the US, coupled with the announcement over the weekend of chip export curb affecting Malaysia. While dip-buying was observed in the Dow Jones, Wall Street closed on a mixed note as traders awaited US inflation data, set to be released this Wednesday, for more insight into the pace of rate cuts in 2025. In the commodities market, Brent crude oil traded above USD80, gold prices retreated below USD2,700, and CPO prices gapped up, trading nearer towards RM4,500.
Sector Focus We believe the local bourse may continue to experience volatility due to the chip export curb announcement. However, trading opportunities may emerge within the O&G sector, supported by US sanctions on Russian oil and declining US inventories, which continue to drive a rebound in Brent crude oil. In the technology sector, the upside potential may be limited following the recent announcements President Biden, but we anticipate some oversold buying opportunities in the EMS, OSAT and ATE players, driven by a strengthening dollar. Also, we think Gamuda will boost the sentiment in the Construction sector, after securing the Penang LRT contract. We remain positive on Property stocks in Johor, following the JSSEZ initiatives.
Stocks to watch:
Finance: *ABMB*, AMBANK
Technology: *AWANTEC*
Utility: PEKAT
O&G: *YINSON*
Consumer: *FOCUSP*
Source: M+
Bumpy Ride On Bursa Exchange To Persist
The local bourse began the week on a negative note, tracking the weaker overnight performance in the US, coupled with the announcement over the weekend of chip export curb affecting Malaysia. While dip-buying was observed in the Dow Jones, Wall Street closed on a mixed note as traders awaited US inflation data, set to be released this Wednesday, for more insight into the pace of rate cuts in 2025. In the commodities market, Brent crude oil traded above USD80, gold prices retreated below USD2,700, and CPO prices gapped up, trading nearer towards RM4,500.
Sector Focus We believe the local bourse may continue to experience volatility due to the chip export curb announcement. However, trading opportunities may emerge within the O&G sector, supported by US sanctions on Russian oil and declining US inventories, which continue to drive a rebound in Brent crude oil. In the technology sector, the upside potential may be limited following the recent announcements President Biden, but we anticipate some oversold buying opportunities in the EMS, OSAT and ATE players, driven by a strengthening dollar. Also, we think Gamuda will boost the sentiment in the Construction sector, after securing the Penang LRT contract. We remain positive on Property stocks in Johor, following the JSSEZ initiatives.
Stocks to watch:
Finance: *ABMB*, AMBANK
Technology: *AWANTEC*
Utility: PEKAT
O&G: *YINSON*
Consumer: *FOCUSP*
Source: M+
Forwarded from Trade With Maybank
Gamuda Secures MYR8.3 Billion Penang Contract
Gamuda (GAMUDA), through its 60%-owned subsidiary SRS Consortium Berhad, announced yesterday in a Bursa filing that it has secured the first civil works package for the Penang Mutiara Line, valued at MYR8.3 billion.
The project, awarded by MRT Mutiara, involves constructing a 23.7km elevated viaduct from Komtar to Island A of the Penang South Reclamation (PSR), along with 19 above-ground stations, a depot, and supporting infrastructure. Completion is targeted within six years from the notice to proceed.
Bullish investors looking for leveraged exposure may consider GAMUDA-C3B with an effective gearing of 4.9x. This means for every 1% move in GAMUDA, GAMUDA-C3B will move by 4.9% indicatively.
#WarrantsWatch
Gamuda (GAMUDA), through its 60%-owned subsidiary SRS Consortium Berhad, announced yesterday in a Bursa filing that it has secured the first civil works package for the Penang Mutiara Line, valued at MYR8.3 billion.
The project, awarded by MRT Mutiara, involves constructing a 23.7km elevated viaduct from Komtar to Island A of the Penang South Reclamation (PSR), along with 19 above-ground stations, a depot, and supporting infrastructure. Completion is targeted within six years from the notice to proceed.
Bullish investors looking for leveraged exposure may consider GAMUDA-C3B with an effective gearing of 4.9x. This means for every 1% move in GAMUDA, GAMUDA-C3B will move by 4.9% indicatively.
#WarrantsWatch