Forwarded from M+ On-The-Go
M+ Market Update – 19Feb25
A Highly Volatile Environment
The local bourse rebounded from its losses, driven by gains in banking and telecommunications heavyweights. Meanwhile, Wall Street edged marginally higher, with the S&P 500 reaching an all-time high, as Intel surged on reports that Broadcom and TSMC are exploring a split, with Broadcom eyeing its chip design unit and TSMC its factories, which could address Intel's manufacturing challenges. This week, investors will focus on the (i) FOMC meeting minutes, (ii) initial jobless claims and (iii) the S&P Global Services PMI. In the commodities market, Brent oil is maintaining above USD75/barrel, gold prices are trading near its all-time high, and CPO prices are hovering above RM4,500/tonne.
Sector Focus: HARTA’s results triggered panic selling across other glove counters, but we remain cautiously optimistic, as its cumulative 9MFY25 net profit stood at RM60.1m (vs. -RM2.4m YoY). Also, the consensus TP stood at RM3.58. Overall, we maintain a positive view on the glove sector, supported by (i) healthy restocking activities in the post-Covid era and (ii) the 50% + 10% tariffs on China-made gloves, may shift market dynamics in favour of local players. Following the recent earnings announcement, we favour MYEG as it achieved a record earnings milestone for FY24. For a more conservative play, traders may focus on healthcare stocks like KPJ.
Stocks to watch:
Property: *ECOWLD*, EXSIMHB, *SUNWAY*
Building material: SCGBHD, *UNIQUE*
Technology: KGB, *MYEG*
Healthcare: *KPJ*
Automotive: BETA
Source: M+
A Highly Volatile Environment
The local bourse rebounded from its losses, driven by gains in banking and telecommunications heavyweights. Meanwhile, Wall Street edged marginally higher, with the S&P 500 reaching an all-time high, as Intel surged on reports that Broadcom and TSMC are exploring a split, with Broadcom eyeing its chip design unit and TSMC its factories, which could address Intel's manufacturing challenges. This week, investors will focus on the (i) FOMC meeting minutes, (ii) initial jobless claims and (iii) the S&P Global Services PMI. In the commodities market, Brent oil is maintaining above USD75/barrel, gold prices are trading near its all-time high, and CPO prices are hovering above RM4,500/tonne.
Sector Focus: HARTA’s results triggered panic selling across other glove counters, but we remain cautiously optimistic, as its cumulative 9MFY25 net profit stood at RM60.1m (vs. -RM2.4m YoY). Also, the consensus TP stood at RM3.58. Overall, we maintain a positive view on the glove sector, supported by (i) healthy restocking activities in the post-Covid era and (ii) the 50% + 10% tariffs on China-made gloves, may shift market dynamics in favour of local players. Following the recent earnings announcement, we favour MYEG as it achieved a record earnings milestone for FY24. For a more conservative play, traders may focus on healthcare stocks like KPJ.
Stocks to watch:
Property: *ECOWLD*, EXSIMHB, *SUNWAY*
Building material: SCGBHD, *UNIQUE*
Technology: KGB, *MYEG*
Healthcare: *KPJ*
Automotive: BETA
Source: M+
Forwarded from M+ On-The-Go
M+ Market Wrap - 19Feb25
FBM KLCI: 1,580.88 pts (-3.96pts, -0.25%)
The FBMKLCI (-0.25%) reversed once again after a one-day rebound, closing lower at 1580.88 pts as key heavyweights like CIMB (-11.0 sen) and MRDIY (-10.0 sen) dragged the key index lower. Market breadth was also negative, with 754 losers against 274 winners. In the broader market, all sectors ended in red except Construction (+0.29%), buoyed by gains in GAMUDA (+7.0 sen) and BNASTRA (+4.0 sen). Meanwhile, the Healthcare (-1.95%) sector continued to decline further, as negative sentiment toward glove counters persisted with analysts slashing HARTA’s earnings outlook.
Top 3 Active stocks:
HARTA (5168): RM2.440 (-17.0 sen)
TOPGLOV (7113): RM0.970 (-3.0 sen)
MYEG (0138): RM1.000 (-3.0 sen)
Volume: 3.43 bn (100-bar avg vol: 2.94 bn)
Value: RM2.65 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️274 ⬇️754
Crude palm oil: RM4,661 (+RM157)
Dow Futures: 44,669 pts (+26 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,580.88 pts (-3.96pts, -0.25%)
The FBMKLCI (-0.25%) reversed once again after a one-day rebound, closing lower at 1580.88 pts as key heavyweights like CIMB (-11.0 sen) and MRDIY (-10.0 sen) dragged the key index lower. Market breadth was also negative, with 754 losers against 274 winners. In the broader market, all sectors ended in red except Construction (+0.29%), buoyed by gains in GAMUDA (+7.0 sen) and BNASTRA (+4.0 sen). Meanwhile, the Healthcare (-1.95%) sector continued to decline further, as negative sentiment toward glove counters persisted with analysts slashing HARTA’s earnings outlook.
Top 3 Active stocks:
HARTA (5168): RM2.440 (-17.0 sen)
TOPGLOV (7113): RM0.970 (-3.0 sen)
MYEG (0138): RM1.000 (-3.0 sen)
Volume: 3.43 bn (100-bar avg vol: 2.94 bn)
Value: RM2.65 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️274 ⬇️754
Crude palm oil: RM4,661 (+RM157)
Dow Futures: 44,669 pts (+26 pts)
**Source: Bloomberg, M+**
🚀 Jemputan Eksklusif: Webinar Percuma! 🚀
📢 CARA MENGGUNAKAN M+ GLOBAL 📢
Adakah anda berminat untuk memaksimumkan potensi pelaburan anda menggunakan platform M+ Global? 🤔💹
Jom sertai webinar ini! Kami akan bantu anda langkah demi langkah memahami cara menggunakan M+ Global untuk trading saham global dengan lebih yakin! 💪🌎
🎯 Apa yang anda akan pelajari:
✅ Cara membuka akaun dan mula melabur dengan M+ Global.
✅ Teknik menggunakan carta, analisis, dan alat trading di platform.
✅ Sesi soal jawab secara LIVE bersama pakar!
📅 Tarikh: 19 Februari 2025 (Rabu)
🕗 Masa: 8:30 PM (Waktu Singapura & Malaysia)
📍 Platform: Zoom (Online)
🔗 Link Zoom: Klik untuk Sertai
https://us02web.zoom.us/j/81418388167?pwd=blpRvSlDxRPIqE5skATnA9cTn5j5OX.1
🔢 Meeting ID: 814 1838 8167
🔑 Passcode: 930784
✨ Kenapa anda wajib join?
🌟 Percuma – Tiada bayaran, hanya ilmu pelaburan terbaik!
🌟 Tempat terhad – Hanya untuk 20 peserta yang serius mahu belajar!
🌟 Bimbingan profesional – Dikendalikan oleh MWM Group, team berpengalaman dalam dunia pelaburan!
📍 Lokasi Pejabat MWM Group:
🏢 Mplus Wangsa Maju
🏢 No. 76-1, Jalan Wangsa Delima 6,
🏢 Pusat Bandar Wangsa Maju (KLSC), Setapak, 53300 Kuala Lumpur
📍 Google Maps: Klik di sini
https://goo.gl/maps/57uJhiCqREDi66Q37
📣 Ikuti kami untuk update dan ilmu pelaburan terkini!
🎥 YouTube: www.youtube.com/@MWMGrp
📲 Telegram: t.me/mpluswm
🚀 Tempat sangat terhad! Daftar segera sebelum penuh! 📈
📩 Kongsi mesej ini dengan rakan-rakan yang mahu berjaya dalam pelaburan! 🌟✨
📢 CARA MENGGUNAKAN M+ GLOBAL 📢
Adakah anda berminat untuk memaksimumkan potensi pelaburan anda menggunakan platform M+ Global? 🤔💹
Jom sertai webinar ini! Kami akan bantu anda langkah demi langkah memahami cara menggunakan M+ Global untuk trading saham global dengan lebih yakin! 💪🌎
🎯 Apa yang anda akan pelajari:
✅ Cara membuka akaun dan mula melabur dengan M+ Global.
✅ Teknik menggunakan carta, analisis, dan alat trading di platform.
✅ Sesi soal jawab secara LIVE bersama pakar!
📅 Tarikh: 19 Februari 2025 (Rabu)
🕗 Masa: 8:30 PM (Waktu Singapura & Malaysia)
📍 Platform: Zoom (Online)
🔗 Link Zoom: Klik untuk Sertai
https://us02web.zoom.us/j/81418388167?pwd=blpRvSlDxRPIqE5skATnA9cTn5j5OX.1
🔢 Meeting ID: 814 1838 8167
🔑 Passcode: 930784
✨ Kenapa anda wajib join?
🌟 Percuma – Tiada bayaran, hanya ilmu pelaburan terbaik!
🌟 Tempat terhad – Hanya untuk 20 peserta yang serius mahu belajar!
🌟 Bimbingan profesional – Dikendalikan oleh MWM Group, team berpengalaman dalam dunia pelaburan!
📍 Lokasi Pejabat MWM Group:
🏢 Mplus Wangsa Maju
🏢 No. 76-1, Jalan Wangsa Delima 6,
🏢 Pusat Bandar Wangsa Maju (KLSC), Setapak, 53300 Kuala Lumpur
📍 Google Maps: Klik di sini
https://goo.gl/maps/57uJhiCqREDi66Q37
📣 Ikuti kami untuk update dan ilmu pelaburan terkini!
🎥 YouTube: www.youtube.com/@MWMGrp
📲 Telegram: t.me/mpluswm
🚀 Tempat sangat terhad! Daftar segera sebelum penuh! 📈
📩 Kongsi mesej ini dengan rakan-rakan yang mahu berjaya dalam pelaburan! 🌟✨
Zoom Video
Join our Cloud HD Video Meeting
Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution…
Forwarded from MWM Technical View Channel
YouTube
TRADE SAHAM DENGAN MODAL KECIL BAWAH RM1,000
📉 TRADE SAHAM DENGAN MODAL KECIL BAWAH RM1,000 – BOLEH KE? 📈
Ramai sangka nak mula trade saham perlukan modal besar, tapi sebenarnya anda boleh mula dengan serendah RM1,000 atau kurang! 🚀
Dalam video ini, kami akan kongsikan:
✅ Cara memilih saham murah…
Ramai sangka nak mula trade saham perlukan modal besar, tapi sebenarnya anda boleh mula dengan serendah RM1,000 atau kurang! 🚀
Dalam video ini, kami akan kongsikan:
✅ Cara memilih saham murah…
Forwarded from Nota Saham IPO
TAWARAN IPO BARU DI MITI
@ saham khas kouta bumiputera
-------------------------------
SUMISAUJANA GROUP BERHAD
-------------------------------
Penyenaraian
Pasaran ACE
Perniagaan
Sumisaujana Group Berhad melalui anak syarikatnya terlibat terutamanya dalam pembuatan bahan kimia khusus minyak dan gas, perdagangan khusus minyak dan gas dan bahan kimia industri dan penyediaan perkhidmatan sokongan yang berkaitan
Harga Tawaran
RM 0.24 seunit
Permohonan Online
https://sahamonline.miti.gov.my
Tarikh Buka Permohonan
20 Februari 2025
Tarikh Tutup Permohonan
26 Februari 2025
Bank Penasihat
RHB Investment Bank Berhad
Jenis Saham
Patuh shariah
🔗 Pendedahan prospektus ( lihat )
@NotaSahamIPO
@ saham khas kouta bumiputera
-------------------------------
SUMISAUJANA GROUP BERHAD
-------------------------------
Penyenaraian
Pasaran ACE
Perniagaan
Sumisaujana Group Berhad melalui anak syarikatnya terlibat terutamanya dalam pembuatan bahan kimia khusus minyak dan gas, perdagangan khusus minyak dan gas dan bahan kimia industri dan penyediaan perkhidmatan sokongan yang berkaitan
Harga Tawaran
RM 0.24 seunit
Permohonan Online
https://sahamonline.miti.gov.my
Tarikh Buka Permohonan
20 Februari 2025
Tarikh Tutup Permohonan
26 Februari 2025
Bank Penasihat
RHB Investment Bank Berhad
Jenis Saham
Patuh shariah
🔗 Pendedahan prospektus ( lihat )
@NotaSahamIPO
Forwarded from MWM Technical View Channel
🚀 JEMPUTAN WEBINAR PERCUMA! 🚀
📢 CARA MENENTUKAN SAHAM YANG BREAKOUT DALAM PASARAN SAHAM 💹
Nak tahu bagaimana mengenal pasti saham yang bakal meletup (breakout) sebelum harganya naik mendadak? 🤔🔥 Sertai webinar eksklusif ini untuk belajar teknik dan strategi yang digunakan oleh trader profesional!
.
.
💡 Apa yang anda akan pelajari:
✅ Tanda-tanda awal breakout – Bagaimana mengenal pasti pola carta yang memberi isyarat kenaikan harga.
✅ Gunakan volume & support/resistance – Teknik membaca volume untuk mengesahkan breakout.
✅ Analisis teknikal penting – Moving Average, Bollinger Bands, dan RSI dalam breakout trading.
✅ Strategi entry & exit – Bila masa terbaik untuk masuk dan keluar dari pasaran.
✅ Tips elak “false breakout” – Supaya tak terperangkap dalam breakout palsu!
.
.
📅 Tarikh: 20 Februari 2025 (Khamis)
🕙 Masa: 10:30 AM (Waktu Singapura & Malaysia)
💻 Platform: Zoom (Online)
🔗 Link Zoom: Klik untuk Sertai
https://us02web.zoom.us/j/89965001512?pwd=WddboBfkvP3qMboeq6bfd1nqahKtk2.1
🔢 Meeting ID: 899 6500 1512
🔑 Passcode: 442200
.
.
🎯 Kenapa Anda Wajib Sertai?
🌟 Percuma – Tiada bayaran, hanya ilmu pelaburan berkualiti!
🌟 Tempat terhad – Hanya untuk 20 peserta yang serius mahu belajar!
🌟 Belajar dari pakar – Dikendalikan oleh team berpengalaman dari Mplus Wangsa Maju (MWM)!
.
.
📍 Lokasi Pejabat MWM Group:
🏢 Mplus Wangsa Maju (MWM)
🏢 No. 76-1, Jalan Wangsa Delima 6,
🏢 Pusat Bandar Wangsa Maju (KLSC), Setapak, 53300 Kuala Lumpur
📍 Google Maps: Klik di sini
.
.
📣 Ikuti kami untuk update & ilmu pelaburan terkini!
🎥 YouTube: www.youtube.com/@MWMGrp
📲 Telegram: t.me/mpluswm
🚀 Tempat sangat terhad! Daftar segera sebelum penuh! 📈💰
📢 CARA MENENTUKAN SAHAM YANG BREAKOUT DALAM PASARAN SAHAM 💹
Nak tahu bagaimana mengenal pasti saham yang bakal meletup (breakout) sebelum harganya naik mendadak? 🤔🔥 Sertai webinar eksklusif ini untuk belajar teknik dan strategi yang digunakan oleh trader profesional!
.
.
💡 Apa yang anda akan pelajari:
✅ Tanda-tanda awal breakout – Bagaimana mengenal pasti pola carta yang memberi isyarat kenaikan harga.
✅ Gunakan volume & support/resistance – Teknik membaca volume untuk mengesahkan breakout.
✅ Analisis teknikal penting – Moving Average, Bollinger Bands, dan RSI dalam breakout trading.
✅ Strategi entry & exit – Bila masa terbaik untuk masuk dan keluar dari pasaran.
✅ Tips elak “false breakout” – Supaya tak terperangkap dalam breakout palsu!
.
.
📅 Tarikh: 20 Februari 2025 (Khamis)
🕙 Masa: 10:30 AM (Waktu Singapura & Malaysia)
💻 Platform: Zoom (Online)
🔗 Link Zoom: Klik untuk Sertai
https://us02web.zoom.us/j/89965001512?pwd=WddboBfkvP3qMboeq6bfd1nqahKtk2.1
🔢 Meeting ID: 899 6500 1512
🔑 Passcode: 442200
.
.
🎯 Kenapa Anda Wajib Sertai?
🌟 Percuma – Tiada bayaran, hanya ilmu pelaburan berkualiti!
🌟 Tempat terhad – Hanya untuk 20 peserta yang serius mahu belajar!
🌟 Belajar dari pakar – Dikendalikan oleh team berpengalaman dari Mplus Wangsa Maju (MWM)!
.
.
📍 Lokasi Pejabat MWM Group:
🏢 Mplus Wangsa Maju (MWM)
🏢 No. 76-1, Jalan Wangsa Delima 6,
🏢 Pusat Bandar Wangsa Maju (KLSC), Setapak, 53300 Kuala Lumpur
📍 Google Maps: Klik di sini
.
.
📣 Ikuti kami untuk update & ilmu pelaburan terkini!
🎥 YouTube: www.youtube.com/@MWMGrp
📲 Telegram: t.me/mpluswm
🚀 Tempat sangat terhad! Daftar segera sebelum penuh! 📈💰
Zoom Video
Join our Cloud HD Video Meeting
Zoom is the leader in modern enterprise video communications, with an easy, reliable cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems. Zoom Rooms is the original software-based conference room solution…
Forwarded from M+ On-The-Go
M+ Market Wrap - 20Feb25
FBM KLCI: 1,577.67 pts (-3.21pts, -0.20%)
The selling pressure for FBMKLCI (-0.20%) persisted, closing lower at 1577.67 pts, with key heavyweights like PCHEM (-19.0 sen) and PBBANK (-5.0 sen) dragging the index lower. The country also reported a decline in trade surplus during January, with export growth at a slower pace. The market breadth was negative, with 644 losers against 347 winners. In the broader market, the Property (+0.15%) sector emerged as the best performer, buoyed by gains in ECOWLD (+4.0 sen) and E&O (+3.0 sen). Meanwhile, the Telecommunications & Media (-1.98%) sector experienced the largest decline.
Top 3 Active stocks:
SUNLOGY (0345): RM0.300 (unch)
INGENIEU (5178): RM0.055 (unch)
MYEG (0138): RM1.020 (+2.0 sen)
Volume: 3.16 bn (100-bar avg vol: 2.93 bn)
Value: RM2.44 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️347 ⬇️644
Crude palm oil: RM4,654 (-RM18)
Dow Futures: 44,634 pts (-77 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,577.67 pts (-3.21pts, -0.20%)
The selling pressure for FBMKLCI (-0.20%) persisted, closing lower at 1577.67 pts, with key heavyweights like PCHEM (-19.0 sen) and PBBANK (-5.0 sen) dragging the index lower. The country also reported a decline in trade surplus during January, with export growth at a slower pace. The market breadth was negative, with 644 losers against 347 winners. In the broader market, the Property (+0.15%) sector emerged as the best performer, buoyed by gains in ECOWLD (+4.0 sen) and E&O (+3.0 sen). Meanwhile, the Telecommunications & Media (-1.98%) sector experienced the largest decline.
Top 3 Active stocks:
SUNLOGY (0345): RM0.300 (unch)
INGENIEU (5178): RM0.055 (unch)
MYEG (0138): RM1.020 (+2.0 sen)
Volume: 3.16 bn (100-bar avg vol: 2.93 bn)
Value: RM2.44 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️347 ⬇️644
Crude palm oil: RM4,654 (-RM18)
Dow Futures: 44,634 pts (-77 pts)
**Source: Bloomberg, M+**
Forwarded from RHB Investment Bank Official
21 February 2025
Buy & Sell Calls
YTL Power (YTLP MK, BUY, TP: MYR4.53)
Non Syariah
20MW AI-DC Coming In July; Keep BUY
https://tinyurl.com/3dw7pvvw
AMMB (AMM MK, BUY, TP: MYR6.50)
Non Syariah
Portfolio Rebalancing Taking Shape; Keep BUY
https://tinyurl.com/mr2xbjv3
Malayan Cement (LMC MK, BUY, TP: MYR6.71)
Syariah Compliant
Improving Margins; Keep BUY
https://tinyurl.com/3fz3jymr
Sunway Construction (SCGB MK, BUY,TP: MYR5.63)
Syariah Compliant
DC Jobs To Keep Firing On All Cylinders In FY25; BUY
https://tinyurl.com/yw4zef64
Kossan Rubber (KRI MK, BUY, TP: MYR2.36) – UPGRADE
Syariah Compliant
At The Crossroads; Upgrade To BUY
https://tinyurl.com/5yymb6ys
UEM Sunrise (UEMS MK, BUY, TP: MYR1.60)
Syariah Compliant
Records Highest Earnings Since Pandemic; BUY
https://tinyurl.com/22rzmvzs
Dayang Enterprise (DEHB MK, BUY, TP: MYR2.74)
Syariah Compliant
Maintenance Play; Keep BUY
https://tinyurl.com/y5396urj
Solarvest (SOLAR MK, BUY, TP: MYR2)
Syariah Compliant
On Track For Another Record Year; Keep BUY
https://tinyurl.com/3kxj9y2b
LBS Bina (LBS MK, BUY, TP: MYR0.72)
Syariah Compliant
New Roadmap To Drive Growth; BUY
https://tinyurl.com/yh7xt2dv
TASCO (TASCO MK, BUY, TP: MYR1.00)
Syariah Compliant
Attractive Valuations Despite Earnings Miss; BUY
https://tinyurl.com/2enpmmxu
Petronas Dagangan (PETD MK, NEUTRAL, TP: MYR18.37)
Syariah Compliant
Strong Landing
https://tinyurl.com/mupsbrnb
Inari Amertron (INRI MK, NEUTRAL, TP: MYR2.75)
Syariah Compliant
Uninspiring Volume Loadings
https://tinyurl.com/59htwub2
ELK-Desa Resources (ELK MK, NEUTRAL, TP: MYR1.15)
Non Syariah
Brighter Days On The Horizon?
https://tinyurl.com/bdd3d746
♦️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!
Buy & Sell Calls
YTL Power (YTLP MK, BUY, TP: MYR4.53)
Non Syariah
20MW AI-DC Coming In July; Keep BUY
https://tinyurl.com/3dw7pvvw
AMMB (AMM MK, BUY, TP: MYR6.50)
Non Syariah
Portfolio Rebalancing Taking Shape; Keep BUY
https://tinyurl.com/mr2xbjv3
Malayan Cement (LMC MK, BUY, TP: MYR6.71)
Syariah Compliant
Improving Margins; Keep BUY
https://tinyurl.com/3fz3jymr
Sunway Construction (SCGB MK, BUY,TP: MYR5.63)
Syariah Compliant
DC Jobs To Keep Firing On All Cylinders In FY25; BUY
https://tinyurl.com/yw4zef64
Kossan Rubber (KRI MK, BUY, TP: MYR2.36) – UPGRADE
Syariah Compliant
At The Crossroads; Upgrade To BUY
https://tinyurl.com/5yymb6ys
UEM Sunrise (UEMS MK, BUY, TP: MYR1.60)
Syariah Compliant
Records Highest Earnings Since Pandemic; BUY
https://tinyurl.com/22rzmvzs
Dayang Enterprise (DEHB MK, BUY, TP: MYR2.74)
Syariah Compliant
Maintenance Play; Keep BUY
https://tinyurl.com/y5396urj
Solarvest (SOLAR MK, BUY, TP: MYR2)
Syariah Compliant
On Track For Another Record Year; Keep BUY
https://tinyurl.com/3kxj9y2b
LBS Bina (LBS MK, BUY, TP: MYR0.72)
Syariah Compliant
New Roadmap To Drive Growth; BUY
https://tinyurl.com/yh7xt2dv
TASCO (TASCO MK, BUY, TP: MYR1.00)
Syariah Compliant
Attractive Valuations Despite Earnings Miss; BUY
https://tinyurl.com/2enpmmxu
Petronas Dagangan (PETD MK, NEUTRAL, TP: MYR18.37)
Syariah Compliant
Strong Landing
https://tinyurl.com/mupsbrnb
Inari Amertron (INRI MK, NEUTRAL, TP: MYR2.75)
Syariah Compliant
Uninspiring Volume Loadings
https://tinyurl.com/59htwub2
ELK-Desa Resources (ELK MK, NEUTRAL, TP: MYR1.15)
Non Syariah
Brighter Days On The Horizon?
https://tinyurl.com/bdd3d746
♦️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 CGS International Securities Malaysia
*Corporate news*
*Exsim Hospitality Bhd*, formerly known as Pan Malaysia Holdings Bhd, has secured a RM13m contract for interior design works at the D’Velada serviced apartment development in Bukit Jalil. (The Edge Malaysia)
TG Treasury Bhd, a wholly owned subsidiary of *Top Glove Corporation Bhd*, announced the issuance of a five-year senior sukuk wakalah, with a value of RM800m, on Thursday. (The Edge Malaysia)
*Master Tec Group Bhd* is acquiring a 42.59-acre freehold land in Jasin, Melaka, which the power cables manufacturer says presents an opportunity for the group's future expansion due to the property's prime location. The group is buying the land from 25 individual owners for RM10.2m, Mater Tec said in a filing with Bursa Malaysia on Friday, adding that the acquisition will be funded through internally generated funds and bank borrowings. (The Edge Malaysia)
Industrial storage tank maker *CN Asia Corp Bhd* has proposed a share capital reduction to pare its accumulated losses. The capital reduction exercise will involve reducing RM35m of its RM76m share capital, according to the group’s bourse filing on Friday. The exercise is expected to slash the group’s accumulated losses of RM43.4m as at September 2024 to RM8.7m. (The Edge Malaysia)
*Malaysia’s international reserves had risen by US$1.3bn as at 14 Feb from two weeks earlier*, according to BNM. International reserves totalled US$117.7bn, versus US$116.4bn as at end-January, the central bank said in a statement on Friday. (The Edge Malaysia)
*Malaysia’s headline inflation was steady in January, largely driven by higher prices at restaurants and costlier personal goods and services*, official data on Friday showed. The consumer price index Malaysia’s main gauge of inflation rose 1.7% in January when compared to the same month in 2024, the DOSM said in a statement. The rate was a tad higher than the median 1.8% increase predicted in a Bloomberg survey, but matched December 2024’s pace. (The Edge Malaysia)
*The potential move by Tesla Inc to establish a manufacturing plant in Malaysia remains under discussion*, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, noting that the EV maker may evaluate commercial viability amid intensifying competition in both regional and domestic markets. (The Edge Malaysia)
*Sarawak is set to spend approximately RM6bn by 2030 on rural water supply projects*, said Premier Tan Sri Abang Johari Tun Openg. He said that the water supply grid construction project would also include the building of water treatment plants and the replacement of old pipes. (Bernama)
*24th Feb 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.
*Exsim Hospitality Bhd*, formerly known as Pan Malaysia Holdings Bhd, has secured a RM13m contract for interior design works at the D’Velada serviced apartment development in Bukit Jalil. (The Edge Malaysia)
TG Treasury Bhd, a wholly owned subsidiary of *Top Glove Corporation Bhd*, announced the issuance of a five-year senior sukuk wakalah, with a value of RM800m, on Thursday. (The Edge Malaysia)
*Master Tec Group Bhd* is acquiring a 42.59-acre freehold land in Jasin, Melaka, which the power cables manufacturer says presents an opportunity for the group's future expansion due to the property's prime location. The group is buying the land from 25 individual owners for RM10.2m, Mater Tec said in a filing with Bursa Malaysia on Friday, adding that the acquisition will be funded through internally generated funds and bank borrowings. (The Edge Malaysia)
Industrial storage tank maker *CN Asia Corp Bhd* has proposed a share capital reduction to pare its accumulated losses. The capital reduction exercise will involve reducing RM35m of its RM76m share capital, according to the group’s bourse filing on Friday. The exercise is expected to slash the group’s accumulated losses of RM43.4m as at September 2024 to RM8.7m. (The Edge Malaysia)
*Malaysia’s international reserves had risen by US$1.3bn as at 14 Feb from two weeks earlier*, according to BNM. International reserves totalled US$117.7bn, versus US$116.4bn as at end-January, the central bank said in a statement on Friday. (The Edge Malaysia)
*Malaysia’s headline inflation was steady in January, largely driven by higher prices at restaurants and costlier personal goods and services*, official data on Friday showed. The consumer price index Malaysia’s main gauge of inflation rose 1.7% in January when compared to the same month in 2024, the DOSM said in a statement. The rate was a tad higher than the median 1.8% increase predicted in a Bloomberg survey, but matched December 2024’s pace. (The Edge Malaysia)
*The potential move by Tesla Inc to establish a manufacturing plant in Malaysia remains under discussion*, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, noting that the EV maker may evaluate commercial viability amid intensifying competition in both regional and domestic markets. (The Edge Malaysia)
*Sarawak is set to spend approximately RM6bn by 2030 on rural water supply projects*, said Premier Tan Sri Abang Johari Tun Openg. He said that the water supply grid construction project would also include the building of water treatment plants and the replacement of old pipes. (Bernama)
*24th Feb 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.
Market Commentary
Highlights:
Palm oil logs fifth weekly gain on output concerns
CBOT soybeans finish lower as traders book profits
Crude Palm Oil
Malaysian palm oil futures rose on Friday and logged a fifth consecutive weekly gain, their longest winning run in three years, as expectations of weaker production supported prices.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 22 ringgit, or 0.47%, to 4,664 ringgit ($1,056.16) a metric ton at the close. The contract provisionally rose 1.57% this week.
The market is trading higher due to expectations of a weaker output in Malaysia, which may lower overall stock levels in the country, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd.
Dalian's most-active soyoil contract fell 0.08%, while its palm oil contract added 0.95%. Soyoil prices on the Chicago Board of Trade were down 0.48%.
Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market.
The Indonesian government has not held discussions on restricting palm oil exports ahead of the Muslim fasting month of Ramadan, trade ministry official Farid Amir said.
Today's palm oil market is poised to experience a bullish trend, influenced by the stronger Chicago soyoil and firmer crude oil price.
Highlights:
Palm oil logs fifth weekly gain on output concerns
CBOT soybeans finish lower as traders book profits
Crude Palm Oil
Malaysian palm oil futures rose on Friday and logged a fifth consecutive weekly gain, their longest winning run in three years, as expectations of weaker production supported prices.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 22 ringgit, or 0.47%, to 4,664 ringgit ($1,056.16) a metric ton at the close. The contract provisionally rose 1.57% this week.
The market is trading higher due to expectations of a weaker output in Malaysia, which may lower overall stock levels in the country, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd.
Dalian's most-active soyoil contract fell 0.08%, while its palm oil contract added 0.95%. Soyoil prices on the Chicago Board of Trade were down 0.48%.
Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market.
The Indonesian government has not held discussions on restricting palm oil exports ahead of the Muslim fasting month of Ramadan, trade ministry official Farid Amir said.
Today's palm oil market is poised to experience a bullish trend, influenced by the stronger Chicago soyoil and firmer crude oil price.