Forwarded from M+ On-The-Go
M+ Market Update – 27Jan25
Bargain Hunting May Be Seen In YTL Stocks
The local bourse closed lower, dragged down by sell-offs in YTL-related counters following the issuance of a 1-for-5 non-tradable warrant, which is seen as an inflexible corporate exercise. In the US, Wall Street closed lower ahead of the FOMC meeting, which is expected to provide clarity on the direction of future rate cuts. Traders will closely monitor key economic data, including (i) US economic growth, (ii) unemployment claims, and (iii) the core PCE index. In the commodities market, Brent crude oil remained below USD80, while gold prices closed higher, surpassing the USD2,750. CPO prices traded flat around RM4,200.
Sector Focus: With the proposition of issuing bonus warrants for YTL-related counters, where the exercise price is set at RM2.45 for YTLPOWR, we believe bargain-hunting opportunities will emerge if there is further retracement. Meanwhile, with the recent announcement from the Ministry of Communication, we believe that the 67 identified industrial areas set to be equipped with 5G facilities will benefit companies involved in underground utilities work, at least in the mid-term. Also, we are positive on the ongoing NETR and LSS projects, coupled with the data center boom, which are expected to drive higher electricity demand in the RE segment.
Stocks to watch:
Financial: *ABMB*, *AMBANK*, MAYBANK
Utility: *KENERGY*, *PEKAT*
Technology: *CORAZA*
Consumer: *FOCUSP*
Logistics: WPRTS
Source: M+
Bargain Hunting May Be Seen In YTL Stocks
The local bourse closed lower, dragged down by sell-offs in YTL-related counters following the issuance of a 1-for-5 non-tradable warrant, which is seen as an inflexible corporate exercise. In the US, Wall Street closed lower ahead of the FOMC meeting, which is expected to provide clarity on the direction of future rate cuts. Traders will closely monitor key economic data, including (i) US economic growth, (ii) unemployment claims, and (iii) the core PCE index. In the commodities market, Brent crude oil remained below USD80, while gold prices closed higher, surpassing the USD2,750. CPO prices traded flat around RM4,200.
Sector Focus: With the proposition of issuing bonus warrants for YTL-related counters, where the exercise price is set at RM2.45 for YTLPOWR, we believe bargain-hunting opportunities will emerge if there is further retracement. Meanwhile, with the recent announcement from the Ministry of Communication, we believe that the 67 identified industrial areas set to be equipped with 5G facilities will benefit companies involved in underground utilities work, at least in the mid-term. Also, we are positive on the ongoing NETR and LSS projects, coupled with the data center boom, which are expected to drive higher electricity demand in the RE segment.
Stocks to watch:
Financial: *ABMB*, *AMBANK*, MAYBANK
Utility: *KENERGY*, *PEKAT*
Technology: *CORAZA*
Consumer: *FOCUSP*
Logistics: WPRTS
Source: M+
Forwarded from Trade With Maybank
Eco World Development Launches New Lifestyle Hub
Eco World Development Group (ECOWLD) officially launched the Tuah 1895 dining and lifestyle hub on 24 Jan’25 at the Bukit Bintang City Centre (BBCC) mixed-use development in Pudu, Kuala Lumpur.
The project was developed by BBCC Development, a joint venture (JV) between EcoWorld Malaysia, UDA Holdings, and the Employees Provident Fund (EPF), featuring a total net lettable area of 45,000 sq ft.
BBCC Development’s CEO also announced at the opening ceremony that another project will be due launch next month.
Investors optimistic about the growth of ECOWLD and its joint ventures may explore Call Warrants like ECOWLD-C35 to gain leveraged exposure over ECOWLD.
#DailyHighlights
Eco World Development Group (ECOWLD) officially launched the Tuah 1895 dining and lifestyle hub on 24 Jan’25 at the Bukit Bintang City Centre (BBCC) mixed-use development in Pudu, Kuala Lumpur.
The project was developed by BBCC Development, a joint venture (JV) between EcoWorld Malaysia, UDA Holdings, and the Employees Provident Fund (EPF), featuring a total net lettable area of 45,000 sq ft.
BBCC Development’s CEO also announced at the opening ceremony that another project will be due launch next month.
Investors optimistic about the growth of ECOWLD and its joint ventures may explore Call Warrants like ECOWLD-C35 to gain leveraged exposure over ECOWLD.
#DailyHighlights
Forwarded from UOB Kay Hian Malaysia (Official)
Media is too big
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UOBKH Malaysia Trading Idea
27 January 2025
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Follow our official UOB Kay Hian Instagram page for event and promotional updates: https://www.instagram.com/uobkayhianmalaysia/
#TradingIdea #UOBKayHian #UOBKayHianMalaysia
27 January 2025
_
Follow our official UOB Kay Hian Instagram page for event and promotional updates: https://www.instagram.com/uobkayhianmalaysia/
#TradingIdea #UOBKayHian #UOBKayHianMalaysia
Forwarded from CGS International Securities Malaysia
*Corporate news*
A JV between *Gamuda Bhd* and Ferrovial (GFJV) has inked an early contractor involvement (ECI) agreement with Capricornia Energy Hub (CEH) for a hydroelectric storage project in Queensland, Australia. CEH is backed by Copenhagen Infrastructure Partners, one of the world's largest clean energy investors. (The Edge Malaysia)
A consortium led by Khazanah Nasional Bhdhas received valid acceptances of 1.5bn shares or 92.8% of the total number of issued shares in *Malaysia Airports Holdings Bhd* on its conditional voluntary offer for shares of the airport operator, better known as MAHB. (The Edge Malaysia)
TH Properties and *Affin Bank Bhd* have entered into a strategic partnership to introduce flexible home financing solutions aimed at young homebuyers and property investors. (The Edge Malaysia)
*Taghill Holdings Bhd*, formerly known as Siab Holdings Bhd, has secured a RM152m construction job in Kuantan, Pahang. (The Edge Malaysia)
Packaging manufacturer and developer *Scientex Bhd* on Friday said it is acquiring 528.5 acres of land in Paya Rumput, Melaka for RM333.8m cash (RM14.50 per sq ft) from *Genting Plantations Bhd*. (The Edge Malaysia)
*Petronas* has transferred the operatorship of the Kebabangan Cluster production sharing contract (KBBC PSC) to ConocoPhillips Sabah Gas Ltd, a subsidiary of ConocoPhillips, a global energy company. (The Edge Malaysia)
*Resources Corp Bhd* is partnering with Melaka Corp to develop a hospital on a parcel of land in Melaka Tengah, that will have an estimated gross development cost of RM520m. (The Edge Malaysia)
*Solid Automotive Bhd*'s (SAB) wholly- owned subsidiary Part Center Sdn Bhd (PC) has entered into Sale and Purchase Agreements (SPAs) with two land owners to buy two plots of land, both measuring 1.9 hectares (4.7 acres) in Kapar, Klang. (The Edge Malaysia)
Building and infrastructure construction services provider *TCS Group Holdings Bhd* saw the emergence of a new substantial shareholder. James Liew Vun Tak acquired an 11.9% stake, equivalent to 71.5m shares, through a direct business transaction on Friday. The shares were purchased from TCS’ managing director and largest shareholder, Datuk Tee Chai Seng, at 16 sen per share, amounting to RM11.4m, the group's bourse filings show. (The Edge Malaysia)
Building materials and construction engineering firm *Chin Hin Group Bhd* has proposed to acquire an additional 37.4m shares or a 12.3% stake in metal roofing and safety glass maker *Ajiya Bhd* for RM54.2m or RM1.45 per share. Upon completion, the shares purchase will effectively raise Chin Hin’s stake in Ajiya to 66.4% from 54.1%. (The Edge Malaysia)
*27th 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.
A JV between *Gamuda Bhd* and Ferrovial (GFJV) has inked an early contractor involvement (ECI) agreement with Capricornia Energy Hub (CEH) for a hydroelectric storage project in Queensland, Australia. CEH is backed by Copenhagen Infrastructure Partners, one of the world's largest clean energy investors. (The Edge Malaysia)
A consortium led by Khazanah Nasional Bhdhas received valid acceptances of 1.5bn shares or 92.8% of the total number of issued shares in *Malaysia Airports Holdings Bhd* on its conditional voluntary offer for shares of the airport operator, better known as MAHB. (The Edge Malaysia)
TH Properties and *Affin Bank Bhd* have entered into a strategic partnership to introduce flexible home financing solutions aimed at young homebuyers and property investors. (The Edge Malaysia)
*Taghill Holdings Bhd*, formerly known as Siab Holdings Bhd, has secured a RM152m construction job in Kuantan, Pahang. (The Edge Malaysia)
Packaging manufacturer and developer *Scientex Bhd* on Friday said it is acquiring 528.5 acres of land in Paya Rumput, Melaka for RM333.8m cash (RM14.50 per sq ft) from *Genting Plantations Bhd*. (The Edge Malaysia)
*Petronas* has transferred the operatorship of the Kebabangan Cluster production sharing contract (KBBC PSC) to ConocoPhillips Sabah Gas Ltd, a subsidiary of ConocoPhillips, a global energy company. (The Edge Malaysia)
*Resources Corp Bhd* is partnering with Melaka Corp to develop a hospital on a parcel of land in Melaka Tengah, that will have an estimated gross development cost of RM520m. (The Edge Malaysia)
*Solid Automotive Bhd*'s (SAB) wholly- owned subsidiary Part Center Sdn Bhd (PC) has entered into Sale and Purchase Agreements (SPAs) with two land owners to buy two plots of land, both measuring 1.9 hectares (4.7 acres) in Kapar, Klang. (The Edge Malaysia)
Building and infrastructure construction services provider *TCS Group Holdings Bhd* saw the emergence of a new substantial shareholder. James Liew Vun Tak acquired an 11.9% stake, equivalent to 71.5m shares, through a direct business transaction on Friday. The shares were purchased from TCS’ managing director and largest shareholder, Datuk Tee Chai Seng, at 16 sen per share, amounting to RM11.4m, the group's bourse filings show. (The Edge Malaysia)
Building materials and construction engineering firm *Chin Hin Group Bhd* has proposed to acquire an additional 37.4m shares or a 12.3% stake in metal roofing and safety glass maker *Ajiya Bhd* for RM54.2m or RM1.45 per share. Upon completion, the shares purchase will effectively raise Chin Hin’s stake in Ajiya to 66.4% from 54.1%. (The Edge Malaysia)
*27th 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.
*Local Bourse Recap: Market Rebounds Amid CNY Effect*
- The *KLCI index* bounced back by 0.45% last week, despite institutional investors continued to sell down DC related mid and big caps, on the back of downgrades from brokers. Foreign investors continued to sell stocks in the local market with net outflows of ~RM700mn last week, despite MYR has strengthened against USD after US President Trump said to speed up rate cutting later. The performance of small and mid caps was mixed, as FBM Small Cap Index lost 0.07%, while ACE index gained 0.66%.
- The *industrial sector* was the top performer of the week, supported strong buying interest into PMETAL, backed by stable global aluminium price at ~USD2,600/tonne. The *plantation and telco sectors* were the other better performed sector of the week, as investors seek for defensive stocks amid market uncertainties, especially the potential surprise from Trump’s administration.
- The *technology sector* was the biggest laggard of the week, as investors reduced exposure from tech stocks amid upcoming lacklustre earnings to be announced later. The *construction sector* was another underperforming sector, as brokers downgraded the sector amid DC jobs risk.
- We believe that the share prices of DC related stocks will stabilize later, as investors assessed and digested the impact of DC chip export restriction by Biden’s administration. In fact, the DC small caps, i.e. M&E players, have actually bounced back last week after the correction. The market is expected to turn quiet next week due to CNY holiday.
- The *KLCI index* bounced back by 0.45% last week, despite institutional investors continued to sell down DC related mid and big caps, on the back of downgrades from brokers. Foreign investors continued to sell stocks in the local market with net outflows of ~RM700mn last week, despite MYR has strengthened against USD after US President Trump said to speed up rate cutting later. The performance of small and mid caps was mixed, as FBM Small Cap Index lost 0.07%, while ACE index gained 0.66%.
- The *industrial sector* was the top performer of the week, supported strong buying interest into PMETAL, backed by stable global aluminium price at ~USD2,600/tonne. The *plantation and telco sectors* were the other better performed sector of the week, as investors seek for defensive stocks amid market uncertainties, especially the potential surprise from Trump’s administration.
- The *technology sector* was the biggest laggard of the week, as investors reduced exposure from tech stocks amid upcoming lacklustre earnings to be announced later. The *construction sector* was another underperforming sector, as brokers downgraded the sector amid DC jobs risk.
- We believe that the share prices of DC related stocks will stabilize later, as investors assessed and digested the impact of DC chip export restriction by Biden’s administration. In fact, the DC small caps, i.e. M&E players, have actually bounced back last week after the correction. The market is expected to turn quiet next week due to CNY holiday.
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 28Jan25
Dow Jones: 44,713.58 pts (+289.33pts, +0.65%)
⬆️ Resistance: 45700
⬇️ Support: 42700
FBM KLCI: 1,558.97 pts (-14.76pts, -0.94%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 20,197.77 pts (+131.58pts, +0.66%)
⬆️ Resistance: 20800
⬇️ Support: 19300
Crude Palm Oil: RM4,218 (-RM6, -0.14%)
⬆️ Resistance: 4370
⬇️ Support: 4050
Brent Oil: $78.50 (-$1.38, -1.76%)
⬆️ Resistance: 82.10
⬇️ Support: 74.80
Gold: $2,740.81 (-$0.28, -0.01%)
⬆️ Resistance: 2850
⬇️ Support: 2650
Source: Bloomberg, M+
Dow Jones: 44,713.58 pts (+289.33pts, +0.65%)
⬆️ Resistance: 45700
⬇️ Support: 42700
FBM KLCI: 1,558.97 pts (-14.76pts, -0.94%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 20,197.77 pts (+131.58pts, +0.66%)
⬆️ Resistance: 20800
⬇️ Support: 19300
Crude Palm Oil: RM4,218 (-RM6, -0.14%)
⬆️ Resistance: 4370
⬇️ Support: 4050
Brent Oil: $78.50 (-$1.38, -1.76%)
⬆️ Resistance: 82.10
⬇️ Support: 74.80
Gold: $2,740.81 (-$0.28, -0.01%)
⬆️ Resistance: 2850
⬇️ Support: 2650
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 28Jan25
The Reverse Of AI Theme?
The FBMKLCI began the week in negative territory due to the ongoing sell-offs in YTL-related counters, following the Group's plan to issue an inflexible 1-for-5 bonus warrant. Meanwhile, Wall Street closed lower after a low-cost AI model from the Chinese startup DeepSeek climbed to the top of Apple’s App Store, sparking concerns over the premium valuations of technology stocks. Traders will closely watch (i) US economic growth, (ii) unemployment claims, and (iii) the core PCE index. In the commodities market, Brent Crude oil remained below USD80, while gold prices snapped a 5-day winning streak, closing below USD2,740 an ounce. CPO prices traded flat at around RM4,200.
Sector Focus: Mirroring the softer tone of the US market performance, the KLCI is set to open lower. Although gold prices have pulled back, we believe traders may focus on the still-elevated gold price and trade the proxies in the near term amid uncertain environment following the Wall Street sell-off triggered by the rise of DeepSeek. Nevertheless, we believe domestic-themed plays may take the lead, driven by (i) RM9billion tenders for the Penang LRT project, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub.
Stocks to watch:
Utility: *KJTS*, PEKAT
Gold: *AUMAS*
Construction: PRTASCO
Furniture: *SSF*
Healthcare: *KPJ*
Source: M+
The Reverse Of AI Theme?
The FBMKLCI began the week in negative territory due to the ongoing sell-offs in YTL-related counters, following the Group's plan to issue an inflexible 1-for-5 bonus warrant. Meanwhile, Wall Street closed lower after a low-cost AI model from the Chinese startup DeepSeek climbed to the top of Apple’s App Store, sparking concerns over the premium valuations of technology stocks. Traders will closely watch (i) US economic growth, (ii) unemployment claims, and (iii) the core PCE index. In the commodities market, Brent Crude oil remained below USD80, while gold prices snapped a 5-day winning streak, closing below USD2,740 an ounce. CPO prices traded flat at around RM4,200.
Sector Focus: Mirroring the softer tone of the US market performance, the KLCI is set to open lower. Although gold prices have pulled back, we believe traders may focus on the still-elevated gold price and trade the proxies in the near term amid uncertain environment following the Wall Street sell-off triggered by the rise of DeepSeek. Nevertheless, we believe domestic-themed plays may take the lead, driven by (i) RM9billion tenders for the Penang LRT project, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub.
Stocks to watch:
Utility: *KJTS*, PEKAT
Gold: *AUMAS*
Construction: PRTASCO
Furniture: *SSF*
Healthcare: *KPJ*
Source: M+
Forwarded from Trade With Maybank
Bursa Malaysia Reported Improved Quarterly Results
Bursa Malaysia (BURSA) reported a 15.7% rise in quarterly net profit in 4Q24 and a 22.9% rise in net profit for FY24. This was driven by better performance in both securities and derivatives trading.
Revenue for 4Q24 surged 18.7% to MYR185.9 million, while total revenue for FY24 reached MYR784.3 million, up from MYR616.5 million in FY23.
BURSA’s share price is up 13.4% for the past 52-weeks, and gained another 2.2% at yesterday’s close.
Investors bullish on BURSA may consider BURSA-C84, which offers investors an effective gearing of 22.8x, the highest among all Call Warrants issued over BURSA.
#WarrantsWatch
Bursa Malaysia (BURSA) reported a 15.7% rise in quarterly net profit in 4Q24 and a 22.9% rise in net profit for FY24. This was driven by better performance in both securities and derivatives trading.
Revenue for 4Q24 surged 18.7% to MYR185.9 million, while total revenue for FY24 reached MYR784.3 million, up from MYR616.5 million in FY23.
BURSA’s share price is up 13.4% for the past 52-weeks, and gained another 2.2% at yesterday’s close.
Investors bullish on BURSA may consider BURSA-C84, which offers investors an effective gearing of 22.8x, the highest among all Call Warrants issued over BURSA.
#WarrantsWatch
Forwarded from CGS International Securities Malaysia
*Corporate news*
*UEM Group Bhd* acquired 1.5m shares in *Malaysia Airports Holdings Bhd* or MAHB at RM10.96 per share on Friday, 24 Jan. (The Edge Malaysia)
*Bursa Malaysia Bhd* announced that it has appointed Datuk Fad’l Mohamed as its new chief executive officer, effective 1 March, with the retirement of Datuk Muhamad Umar Swift, who has served as CEO since February 2019. (The Edge Malaysia)
Johor-based property developer *Crescendo Corp Bhd* is selling a 22.55-acre piece of land in Pulai, Johor, to Microsoft for RM119.8m, marking its third land deal since with the global tech giant. (The Edge Malaysia)
*Solarvest Holdings Bhd*, which builds solar farms for clients and also owns stakes in solar farms, is acquiring a 30% stake in Kee Ming Electrical Sdn Bhd for RM15.3m cash. (The Edge Malaysia)
Digital media and advertising solution company *CatchaDigital Bhd* has proposed to diversify into information technology (IT) solutions. The move follows the company’s acquisition of a 51% stake in software-as-a-service (SaaS) provider Nexible Solutions Sdn Bhd for RM11.4m, according to Catcha in a bourse filing on Monday. (The Edge Malaysia)
The deadline for *AirAsia X Bhd’s* proposed RM6.8bn acquisition of *Capital A Bhd’s* short-haul aviation business — AirAsia Bhd and AirAsia Aviation Group Ltd — has been extended by two months. (The Edge Malaysia)
*Ekovest Bhd* and *Knusford Bhd* have agreed to have another six months to discuss a merger deal worth RM450m. (The Edge Malaysia)
*Salutica Bhd* plans to raise up to RM11.9m via a private placement exercise to third-party investors to fund its capital expenditure for new jobs and working capital requirements. (The Edge Malaysia)
*MMAG Holdings Bhd* announced on Monday that it is acquiring a second Boeing B737-400SF aircraft from Japan-based JPA No 161 Co Ltd (JPA) for US$6.6m (RM29.1m) in cash. (The Edge Malaysia)
Property developer *Symphony Life Bhd* has emerged as the largest shareholder of *Vizione Holdings Bhd* with a 25.9% stake, after subscribing to the entire private placement by Vizione. (The Edge Malaysia)
*Icon Offshore Bhd* has received the nod from its shareholders to change its name to *Lianson Fleet Group Bhd*, along with the RM403.5m acquisition of equity stakes in vessel operating companies, including from its largest shareholder Liannex Corp. (The Edge Malaysia)
*28th 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.
*UEM Group Bhd* acquired 1.5m shares in *Malaysia Airports Holdings Bhd* or MAHB at RM10.96 per share on Friday, 24 Jan. (The Edge Malaysia)
*Bursa Malaysia Bhd* announced that it has appointed Datuk Fad’l Mohamed as its new chief executive officer, effective 1 March, with the retirement of Datuk Muhamad Umar Swift, who has served as CEO since February 2019. (The Edge Malaysia)
Johor-based property developer *Crescendo Corp Bhd* is selling a 22.55-acre piece of land in Pulai, Johor, to Microsoft for RM119.8m, marking its third land deal since with the global tech giant. (The Edge Malaysia)
*Solarvest Holdings Bhd*, which builds solar farms for clients and also owns stakes in solar farms, is acquiring a 30% stake in Kee Ming Electrical Sdn Bhd for RM15.3m cash. (The Edge Malaysia)
Digital media and advertising solution company *CatchaDigital Bhd* has proposed to diversify into information technology (IT) solutions. The move follows the company’s acquisition of a 51% stake in software-as-a-service (SaaS) provider Nexible Solutions Sdn Bhd for RM11.4m, according to Catcha in a bourse filing on Monday. (The Edge Malaysia)
The deadline for *AirAsia X Bhd’s* proposed RM6.8bn acquisition of *Capital A Bhd’s* short-haul aviation business — AirAsia Bhd and AirAsia Aviation Group Ltd — has been extended by two months. (The Edge Malaysia)
*Ekovest Bhd* and *Knusford Bhd* have agreed to have another six months to discuss a merger deal worth RM450m. (The Edge Malaysia)
*Salutica Bhd* plans to raise up to RM11.9m via a private placement exercise to third-party investors to fund its capital expenditure for new jobs and working capital requirements. (The Edge Malaysia)
*MMAG Holdings Bhd* announced on Monday that it is acquiring a second Boeing B737-400SF aircraft from Japan-based JPA No 161 Co Ltd (JPA) for US$6.6m (RM29.1m) in cash. (The Edge Malaysia)
Property developer *Symphony Life Bhd* has emerged as the largest shareholder of *Vizione Holdings Bhd* with a 25.9% stake, after subscribing to the entire private placement by Vizione. (The Edge Malaysia)
*Icon Offshore Bhd* has received the nod from its shareholders to change its name to *Lianson Fleet Group Bhd*, along with the RM403.5m acquisition of equity stakes in vessel operating companies, including from its largest shareholder Liannex Corp. (The Edge Malaysia)
*28th 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.
Forwarded from Kenanga Trade to Win
Morning!
Here's our #SystematicTrading watchlist for today: IHH, AUMAS, PTRANS, SSF, OCNCASH & more!
Call warrants watchlist: NIL
On-going #SystematicTrading list: NIL
[KenTrade Account Opening Click Here!]
Here's our #SystematicTrading watchlist for today: IHH, AUMAS, PTRANS, SSF, OCNCASH & more!
Call warrants watchlist: NIL
On-going #SystematicTrading list: NIL
[KenTrade Account Opening Click Here!]
Forwarded from Trade With Maybank
Research Highlights
DIALOG - New LT & sustainable income stream
DIALOG has entered into a 25-year agreement, ensuring a long-term and sustainable income stream. With this positive development, we maintain our forecasts and a BUY call on DIALOG. Check out today's post for a quick overview of the report.
#ResearchHighlights
DIALOG - New LT & sustainable income stream
DIALOG has entered into a 25-year agreement, ensuring a long-term and sustainable income stream. With this positive development, we maintain our forecasts and a BUY call on DIALOG. Check out today's post for a quick overview of the report.
#ResearchHighlights
Forwarded from M+ On-The-Go
M+ Market Wrap - 28Jan25
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
Mirroring the softer tone of the US market performance, the FBMKLCI (-0.40%) closed lower, dragged down by ongoing selling pressure on YTLPOWR (-11.0 sen) and YTL (-3.0 sen), as sentiment weakened after the low-cost AI model from the Chinese startup DeepSeek climbed to the top of Apple’s App Store, sparking concerns over the overstretched valuation of technology stocks. Market breadth was negative, with 537 losers against 372 gainers. In the broader market, the Plantation sector (+1.11%) outperformed, led by SDG (+30.0 sen) and KLK (+26.0 sen), while the Utilities sector (-1.74%) declined the most.
Top 3 Active stocks:
YTLPOWR (6742): RM3.110 (-11.0 sen)
NATGATE (0270): RM1.790 (-9.0 sen)
YTL (4677): RM1.900 (-3.0 sen)
Volume: 2.19 bn (100-bar avg vol: 2.98 bn)
Value: RM2.01 bn (100-bar avg val: RM2.73 bn)
Market Breadth: ⬆️372 ⬇️537
Crude palm oil: RM4,264 (+RM46)
Dow Futures: 44,907 pts (+3 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
Mirroring the softer tone of the US market performance, the FBMKLCI (-0.40%) closed lower, dragged down by ongoing selling pressure on YTLPOWR (-11.0 sen) and YTL (-3.0 sen), as sentiment weakened after the low-cost AI model from the Chinese startup DeepSeek climbed to the top of Apple’s App Store, sparking concerns over the overstretched valuation of technology stocks. Market breadth was negative, with 537 losers against 372 gainers. In the broader market, the Plantation sector (+1.11%) outperformed, led by SDG (+30.0 sen) and KLK (+26.0 sen), while the Utilities sector (-1.74%) declined the most.
Top 3 Active stocks:
YTLPOWR (6742): RM3.110 (-11.0 sen)
NATGATE (0270): RM1.790 (-9.0 sen)
YTL (4677): RM1.900 (-3.0 sen)
Volume: 2.19 bn (100-bar avg vol: 2.98 bn)
Value: RM2.01 bn (100-bar avg val: RM2.73 bn)
Market Breadth: ⬆️372 ⬇️537
Crude palm oil: RM4,264 (+RM46)
Dow Futures: 44,907 pts (+3 pts)
**Source: Bloomberg, M+**
Forwarded from MWM Technical View Channel
‼️ Market Closure Notice ‼️
In conjunction with the Chinese New Year 2025, MY and HK markets will be closed as below.
MY Market
* Closed on 29 Jan - 30 Jan 2025
HK Market
* Closed on 29 Jan - 31 Jan 2025
* Half day trading on 28 Jan 2025
In conjunction with the Chinese New Year 2025, MY and HK markets will be closed as below.
MY Market
* Closed on 29 Jan - 30 Jan 2025
HK Market
* Closed on 29 Jan - 31 Jan 2025
* Half day trading on 28 Jan 2025