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
Forwarded from CGS International Securities Malaysia
🎊 *Busy with CNY? No Worries, We’ve Got You Covered!* 🏮
Markets are moving, but we’ll keep it simple so you can enjoy your CNY break! Here’s what you need to know:
📢 *Fed Holds Rates (4.25%-4.50%)* – No rush to cut as inflation is still high. Powell says the economy is solid, so expect steady rates for now. Stocks dipped slightly, with S&P 500 -0.5% and Nasdaq -0.5%.
🚗 *Tesla*: Earnings missed expectations, but Elon Musk is focused on self-driving cars & humanoid robots. He claims Tesla could be the world’s most valuable company and expects a big year ahead for Full Self-Driving (FSD) and AI. An epic future ahead but execution will be key.
📱 *Meta*: Strong 21% revenue growth, driven by AI and digital ads. Meta AI now has 700M+ active users, positioning Meta as a key AI player. Big investments ahead, but the company remains highly profitable.
💻 *Microsoft*: Revenue grew 12%, but Azure cloud growth (31%) fell short of high expectations. AI-related revenue surged 175%, yet cautious guidance led to a 5% stock drop after hours.
🛠️ *ASML*: The chip industry is booming, and ASML crushed earnings with a 10% stock surge. Demand for EUV lithography machines remains strong as AI drives semiconductor growth.
*Key Takeaway?* AI & Tech still dominate despite short-term market swings. Relax and enjoy your CNY break—we’ll keep you updated!
Markets are moving, but we’ll keep it simple so you can enjoy your CNY break! Here’s what you need to know:
📢 *Fed Holds Rates (4.25%-4.50%)* – No rush to cut as inflation is still high. Powell says the economy is solid, so expect steady rates for now. Stocks dipped slightly, with S&P 500 -0.5% and Nasdaq -0.5%.
🚗 *Tesla*: Earnings missed expectations, but Elon Musk is focused on self-driving cars & humanoid robots. He claims Tesla could be the world’s most valuable company and expects a big year ahead for Full Self-Driving (FSD) and AI. An epic future ahead but execution will be key.
📱 *Meta*: Strong 21% revenue growth, driven by AI and digital ads. Meta AI now has 700M+ active users, positioning Meta as a key AI player. Big investments ahead, but the company remains highly profitable.
💻 *Microsoft*: Revenue grew 12%, but Azure cloud growth (31%) fell short of high expectations. AI-related revenue surged 175%, yet cautious guidance led to a 5% stock drop after hours.
🛠️ *ASML*: The chip industry is booming, and ASML crushed earnings with a 10% stock surge. Demand for EUV lithography machines remains strong as AI drives semiconductor growth.
*Key Takeaway?* AI & Tech still dominate despite short-term market swings. Relax and enjoy your CNY break—we’ll keep you updated!
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 31Jan25
Dow Jones: 44,882.13 pts (+168.61pts, +0.38%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,279 (+RM61, +1.45%)
⬆️ Resistance: 4380
⬇️ Support: 4070
Brent Oil: $76.58 (+$0.49, +0.64%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,759.36 (+$33.70, +1.22%)
⬆️ Resistance: 2860
⬇️ Support: 2680
Source: Bloomberg, M+
Dow Jones: 44,882.13 pts (+168.61pts, +0.38%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,279 (+RM61, +1.45%)
⬆️ Resistance: 4380
⬇️ Support: 4070
Brent Oil: $76.58 (+$0.49, +0.64%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,759.36 (+$33.70, +1.22%)
⬆️ Resistance: 2860
⬇️ Support: 2680
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 31Jan25
Bargain Hunting To Emerge
The FBMKLCI extended its losses as global sentiment weakened amid concerns over the rise of a low-cost AI model from the Chinese startup DeepSeek. Meanwhile, Wall Street closed higher following quarterly results from Tesla and Meta, despite the Fed indicated of a slower easing interest rate environment ahead. Traders will closely watch upcoming data, including (i) the core PCE index and (ii) the employment cost index later today. In the commodities market, Brent Crude rebounded above USD76 per barrel mark, while gold prices charged towards all-time-high above USD2,790 and CPO prices stablised above RM4,270.
Sector Focus: After the sell-offs in the past few trading sessions, we believe the FBMKLCI is set to open higher, as bargain-hunting could emerge within the Technology sector, taking cue from Wall Street. Also, we opine that trading interest will pick up in gold-related counters as gold hit all-time-high, despite the hawkish stance from the Fed. Besides, we believe domestic-themed play may take the lead driven by (i) ongoing Penang LRT project RM9bn tenders, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub. Lastly, we see trading opportunity on DSONIC, after securing contract extension of passport chips to Malaysia immigration department.
Stocks to watch:
Technology: *ADB*, KGB, *RAMSSOL*
Utility: *PEKAT*, YTLPOWR
Gold: *AUMAS*
Furniture: *SSF*
Source: M+
Bargain Hunting To Emerge
The FBMKLCI extended its losses as global sentiment weakened amid concerns over the rise of a low-cost AI model from the Chinese startup DeepSeek. Meanwhile, Wall Street closed higher following quarterly results from Tesla and Meta, despite the Fed indicated of a slower easing interest rate environment ahead. Traders will closely watch upcoming data, including (i) the core PCE index and (ii) the employment cost index later today. In the commodities market, Brent Crude rebounded above USD76 per barrel mark, while gold prices charged towards all-time-high above USD2,790 and CPO prices stablised above RM4,270.
Sector Focus: After the sell-offs in the past few trading sessions, we believe the FBMKLCI is set to open higher, as bargain-hunting could emerge within the Technology sector, taking cue from Wall Street. Also, we opine that trading interest will pick up in gold-related counters as gold hit all-time-high, despite the hawkish stance from the Fed. Besides, we believe domestic-themed play may take the lead driven by (i) ongoing Penang LRT project RM9bn tenders, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub. Lastly, we see trading opportunity on DSONIC, after securing contract extension of passport chips to Malaysia immigration department.
Stocks to watch:
Technology: *ADB*, KGB, *RAMSSOL*
Utility: *PEKAT*, YTLPOWR
Gold: *AUMAS*
Furniture: *SSF*
Source: M+
https://www.thestar.com.my/business/business-news/2025/01/31/trading-ideas-malakoff-th-axiata-ynhp-capital-a-airasia-x-ambank-taghill-mah-sing-datasonic-salcon-ecobuilt-eonmetall-key-alliance-evd
malakoff
th
axiata
ynhp
capitala
airasiax
ambank
taghill
mahsing
datasonic
salcon
ecobuilt
eonmetall
malakoff
th
axiata
ynhp
capitala
airasiax
ambank
taghill
mahsing
datasonic
salcon
ecobuilt
eonmetall
The Star
Trading ideas: Malakoff, TH, Axiata, YNHP, Capital A, AirAsia X, AmBank, Taghill, Mah Sing, Datasonic, Salcon, Ecobuilt, Eonmetall…
KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.