Forwarded from MWM Technical View Channel
π JEMPUTAN WEBINAR PERCUMA! π
π’ CARA MENENTUKAN SAHAM YANG BREAKOUT DALAM PASARAN SAHAM πΉ
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π‘ Apa yang anda akan pelajari:
β Tanda-tanda awal breakout β Bagaimana mengenal pasti pola carta yang memberi isyarat kenaikan harga.
β Gunakan volume & support/resistance β Teknik membaca volume untuk mengesahkan breakout.
β Analisis teknikal penting β Moving Average, Bollinger Bands, dan RSI dalam breakout trading.
β Strategi entry & exit β Bila masa terbaik untuk masuk dan keluar dari pasaran.
β Tips elak βfalse breakoutβ β Supaya tak terperangkap dalam breakout palsu!
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π Tarikh: 20 Februari 2025 (Khamis)
π Masa: 10:30 AM (Waktu Singapura & Malaysia)
π» Platform: Zoom (Online)
π Link Zoom: Klik untuk Sertai
https://us02web.zoom.us/j/89965001512?pwd=WddboBfkvP3qMboeq6bfd1nqahKtk2.1
π’ Meeting ID: 899 6500 1512
π Passcode: 442200
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π― Kenapa Anda Wajib Sertai?
π Percuma β Tiada bayaran, hanya ilmu pelaburan berkualiti!
π Tempat terhad β Hanya untuk 20 peserta yang serius mahu belajar!
π Belajar dari pakar β Dikendalikan oleh team berpengalaman dari Mplus Wangsa Maju (MWM)!
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π Lokasi Pejabat MWM Group:
π’ Mplus Wangsa Maju (MWM)
π’ No. 76-1, Jalan Wangsa Delima 6,
π’ Pusat Bandar Wangsa Maju (KLSC), Setapak, 53300 Kuala Lumpur
π Google Maps: Klik di sini
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π£ Ikuti kami untuk update & ilmu pelaburan terkini!
π₯ YouTube: www.youtube.com/@MWMGrp
π² Telegram: t.me/mpluswm
π Tempat sangat terhad! Daftar segera sebelum penuh! ππ°
π’ CARA MENENTUKAN SAHAM YANG BREAKOUT DALAM PASARAN SAHAM πΉ
Nak tahu bagaimana mengenal pasti saham yang bakal meletup (breakout) sebelum harganya naik mendadak? π€π₯ Sertai webinar eksklusif ini untuk belajar teknik dan strategi yang digunakan oleh trader profesional!
.
.
π‘ Apa yang anda akan pelajari:
β Tanda-tanda awal breakout β Bagaimana mengenal pasti pola carta yang memberi isyarat kenaikan harga.
β Gunakan volume & support/resistance β Teknik membaca volume untuk mengesahkan breakout.
β Analisis teknikal penting β Moving Average, Bollinger Bands, dan RSI dalam breakout trading.
β Strategi entry & exit β Bila masa terbaik untuk masuk dan keluar dari pasaran.
β Tips elak βfalse breakoutβ β Supaya tak terperangkap dalam breakout palsu!
.
.
π Tarikh: 20 Februari 2025 (Khamis)
π Masa: 10:30 AM (Waktu Singapura & Malaysia)
π» Platform: Zoom (Online)
π Link Zoom: Klik untuk Sertai
https://us02web.zoom.us/j/89965001512?pwd=WddboBfkvP3qMboeq6bfd1nqahKtk2.1
π’ Meeting ID: 899 6500 1512
π Passcode: 442200
.
.
π― Kenapa Anda Wajib Sertai?
π Percuma β Tiada bayaran, hanya ilmu pelaburan berkualiti!
π Tempat terhad β Hanya untuk 20 peserta yang serius mahu belajar!
π Belajar dari pakar β Dikendalikan oleh team berpengalaman dari Mplus Wangsa Maju (MWM)!
.
.
π Lokasi Pejabat MWM Group:
π’ Mplus Wangsa Maju (MWM)
π’ No. 76-1, Jalan Wangsa Delima 6,
π’ Pusat Bandar Wangsa Maju (KLSC), Setapak, 53300 Kuala Lumpur
π Google Maps: Klik di sini
.
.
π£ Ikuti kami untuk update & ilmu pelaburan terkini!
π₯ YouTube: www.youtube.com/@MWMGrp
π² Telegram: t.me/mpluswm
π Tempat sangat terhad! Daftar segera sebelum penuh! ππ°
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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: β¬οΈ347 β¬οΈ644
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: β¬οΈ347 β¬οΈ644
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) β 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
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Trading with us has never been more rewarding. Donβt 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 β 31 December 2025
T&Cs: https://tinyurl.com/52r68nhz
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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) β 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
β¦οΈTrade & Win
Drive away in one of two brand-new Proton e.Mas 7 and win shopping vouchers up to RM10,000! π
Trading with us has never been more rewarding. Donβt 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 β 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 DβVelada 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 groupβs bourse filing on Friday. The exercise is expected to slash the groupβs accumulated losses of RM43.4m as at September 2024 to RM8.7m. (The Edge Malaysia)
*Malaysiaβs 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)
*Malaysiaβs 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 Malaysiaβs 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 2024βs 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. (βCGS MYβ) 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 DβVelada 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 groupβs bourse filing on Friday. The exercise is expected to slash the groupβs accumulated losses of RM43.4m as at September 2024 to RM8.7m. (The Edge Malaysia)
*Malaysiaβs 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)
*Malaysiaβs 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 Malaysiaβs 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 2024βs 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. (βCGS MYβ) 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.
Forwarded from M+ On-The-Go
M+ Market Wrap - 24Feb25
FBM KLCI: 1,584.25 pts (-6.78pts, -0.43%)
The FBMKLCI (-0.43%) slid after Industrial Products & Services and Utilities heavyweights weighed on sentiment in the local market; the latter's decline was due to analysts' conservative stance on PCHEM (-40.0 sen), which likely spurred selling pressure in the sector. Market breadth was negative, with losers outpacing gainers at 719-to-304 stocks. On the broader market, Plantation (+1.50%) stocks outperformed, led by gains in SDG (+13.0 sen) and KLK (+42.0 sen), while the Construction (-3.74%) sector declined the most.
Top 3 Active stocks:
INGENIEU (5178): RM0.050 (unch)
MYEG (0138): RM1.010 (-3.0 sen)
GAMUDA (5398): RM4.490 (-27.0 sen)
Volume: 2.70 bn (100-bar avg vol: 2.93 bn)
Value: RM2.32 bn (100-bar avg val: RM2.54 bn)
Market Breadth: β¬οΈ304 β¬οΈ719
Crude palm oil: RM4,563 (-RM101)
Dow Futures: 43,718 pts (+232 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,584.25 pts (-6.78pts, -0.43%)
The FBMKLCI (-0.43%) slid after Industrial Products & Services and Utilities heavyweights weighed on sentiment in the local market; the latter's decline was due to analysts' conservative stance on PCHEM (-40.0 sen), which likely spurred selling pressure in the sector. Market breadth was negative, with losers outpacing gainers at 719-to-304 stocks. On the broader market, Plantation (+1.50%) stocks outperformed, led by gains in SDG (+13.0 sen) and KLK (+42.0 sen), while the Construction (-3.74%) sector declined the most.
Top 3 Active stocks:
INGENIEU (5178): RM0.050 (unch)
MYEG (0138): RM1.010 (-3.0 sen)
GAMUDA (5398): RM4.490 (-27.0 sen)
Volume: 2.70 bn (100-bar avg vol: 2.93 bn)
Value: RM2.32 bn (100-bar avg val: RM2.54 bn)
Market Breadth: β¬οΈ304 β¬οΈ719
Crude palm oil: RM4,563 (-RM101)
Dow Futures: 43,718 pts (+232 pts)
**Source: Bloomberg, M+**
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 25Feb25
Dow Jones: 43,461.21 pts (+33.19pts, +0.08%)
β¬οΈ Resistance: 45600
β¬οΈ Support: 42500
FBM KLCI: 1,584.25 pts (-6.78pts, -0.43%)
β¬οΈ Resistance: 1630
β¬οΈ Support: 1550
HSI Index: 23,341.61 pts (-136.31pts, -0.58%)
β¬οΈ Resistance: 24200
β¬οΈ Support: 22000
Crude Palm Oil: RM4,559 (-RM19, -0.42%)
β¬οΈ Resistance: 4820
β¬οΈ Support: 4400
Brent Oil: $74.43 (+$0.37, +0.50%)
β¬οΈ Resistance: 78.70
β¬οΈ Support: 72.70
Gold: $2,936.05 (+$16.59, +0.57%)
β¬οΈ Resistance: 3020
β¬οΈ Support: 2840
Source: Bloomberg, M+
Dow Jones: 43,461.21 pts (+33.19pts, +0.08%)
β¬οΈ Resistance: 45600
β¬οΈ Support: 42500
FBM KLCI: 1,584.25 pts (-6.78pts, -0.43%)
β¬οΈ Resistance: 1630
β¬οΈ Support: 1550
HSI Index: 23,341.61 pts (-136.31pts, -0.58%)
β¬οΈ Resistance: 24200
β¬οΈ Support: 22000
Crude Palm Oil: RM4,559 (-RM19, -0.42%)
β¬οΈ Resistance: 4820
β¬οΈ Support: 4400
Brent Oil: $74.43 (+$0.37, +0.50%)
β¬οΈ Resistance: 78.70
β¬οΈ Support: 72.70
Gold: $2,936.05 (+$16.59, +0.57%)
β¬οΈ Resistance: 3020
β¬οΈ Support: 2840
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update β 25Feb25
More Clarity From Microsoft
The local bourse began the week on a negative note as Microsoftβs statement on softer data center capex spooked the market and dampened sentiment across the local data center themes. Also, Wall Street ended mostly lower ahead of Nvidia's earnings report, coupled with softer economic data pointing to weakened consumer demand. We expect Wall Street to trade in a volatile manner as Hong Kong futures are down, while cryptocurrency like Bitcoin has turned weaker at the time of writing. This week, traders will monitor (i) US Consumer Confidence, (ii) Prelim GDP QoQ, (iii) Unemployment Claims, and (iv) the Monthly Core PCE Price Index. In the commodities market, Brent Crude traded around USD74 per barrel. Meanwhile, Gold surged towards the USD2,950 level, while CPO hovered around RM4,500.
Sector Focus: We see opportunities to accumulate in the Construction and Retail sectors, given their oversold conditions, a solid outlook, and steady earnings reports from 99 Speedmart. Despite recent sell offs, we believe traders may look out for bargain hunting activities as Microsoftβs core strategy remains intact for its data center strategy and their 10-year outlook for cloud and AI. Meanwhile, we opine that selected Healthcare and Technology stocks like KPJ and ITMAX will be decent for long-term investment.
Stocks to watch:
Consumer: *DXN*, TEOSENG
Technology: *EG*, ITMAX
Property: EXSIMHB, GDB
Gaming: *GENM*
Healthcare: *KPJ*
Plantation: TSH
Source: M+
More Clarity From Microsoft
The local bourse began the week on a negative note as Microsoftβs statement on softer data center capex spooked the market and dampened sentiment across the local data center themes. Also, Wall Street ended mostly lower ahead of Nvidia's earnings report, coupled with softer economic data pointing to weakened consumer demand. We expect Wall Street to trade in a volatile manner as Hong Kong futures are down, while cryptocurrency like Bitcoin has turned weaker at the time of writing. This week, traders will monitor (i) US Consumer Confidence, (ii) Prelim GDP QoQ, (iii) Unemployment Claims, and (iv) the Monthly Core PCE Price Index. In the commodities market, Brent Crude traded around USD74 per barrel. Meanwhile, Gold surged towards the USD2,950 level, while CPO hovered around RM4,500.
Sector Focus: We see opportunities to accumulate in the Construction and Retail sectors, given their oversold conditions, a solid outlook, and steady earnings reports from 99 Speedmart. Despite recent sell offs, we believe traders may look out for bargain hunting activities as Microsoftβs core strategy remains intact for its data center strategy and their 10-year outlook for cloud and AI. Meanwhile, we opine that selected Healthcare and Technology stocks like KPJ and ITMAX will be decent for long-term investment.
Stocks to watch:
Consumer: *DXN*, TEOSENG
Technology: *EG*, ITMAX
Property: EXSIMHB, GDB
Gaming: *GENM*
Healthcare: *KPJ*
Plantation: TSH
Source: M+
Market Commentary
Highlights:
Palm declines on weak Dalian and Chicago oils, low demand from India
CBOT soy ends down as corn sags, Argentine weather outlooks improve
Crude Palm Oil
Malaysian palm oil futures fell more than 2% on Monday, their biggest daily drop in more than a month, weighed down by weakness in rival Dalian and Chicago oils, while weak demand from top buyer India also pressured the market.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange lost 104 ringgit, or 2.23%, to 4,560 ringgit ($1,034.48) a metric ton at closing.
Sharp losses in rival oils dampened market sentiment, said a Kuala Lumpur-based trader.
Dalian's palm oil contract fell 1.64%, while its most-active soyoil contract DBYcv1 was up 0.15%. Soyoil prices on the Chicago Board of Trade were down 0.61%.
Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market.
Palm oil demand by top buyer India in the 2024/25 marketing year ending in October could fall to as low as 7.5 million tons, the lowest in five years, as its rising premium over soyoil and sunflower oil pushes refiners towards more affordable alternatives, an industry body said.
Indian refiners have cancelled orders for 100,000 tons of crude palm oil scheduled for delivery between March and June because of a surge in benchmark Malaysian prices and negative refining margins in India, four trade sources said.
India is likely to raise import taxes on vegetable oils for the second time in less than six months to help support thousands of oilseed farmers reeling from a crash in domestic oilseed prices, two government sources said.
Malaysia's palm oil stocks are set to fall to 1.5 million metric tons by the end of February, their lowest level in nearly two years, as floods have hit production and the Ramadan festival has boosted demand, a senior regulatory official told Reuters.
Today's palm oil market is poised to experience a bearish trend, influenced by the weaker Chicago soyoil price and weaker demand from India.
Soybean (Reuters)
Chicago Board of Trade soybean futures closed lower on Monday on spillover weakness from corn and outlooks for beneficial rains in crop areas of Argentina
CBOT most-active May soybeans settled down 9-3/4 cents at $10.47-1/2 per bushel.
Crop areas of Argentina should see "widespread and frequent rain" over the next two weeks, the Commodity Weather Group said in a client note
Consultancy AgRural trimmed its forecast for Brazil's soybean crop to 168.2 million metric tons, from the 171 million it had estimated in January. However, the estimate, if realized, would still represent Brazil's largest-ever soybean harvest.
The U.S. Department of Agriculture reported export inspections of U.S. soybeans in the latest week at 858,679 metric tons, toward the high end of trade expectations for 350,000 to 900,000 tons.
Thank you
Best Regards
Phillip Capital Sdn Bhd
Highlights:
Palm declines on weak Dalian and Chicago oils, low demand from India
CBOT soy ends down as corn sags, Argentine weather outlooks improve
Crude Palm Oil
Malaysian palm oil futures fell more than 2% on Monday, their biggest daily drop in more than a month, weighed down by weakness in rival Dalian and Chicago oils, while weak demand from top buyer India also pressured the market.
The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange lost 104 ringgit, or 2.23%, to 4,560 ringgit ($1,034.48) a metric ton at closing.
Sharp losses in rival oils dampened market sentiment, said a Kuala Lumpur-based trader.
Dalian's palm oil contract fell 1.64%, while its most-active soyoil contract DBYcv1 was up 0.15%. Soyoil prices on the Chicago Board of Trade were down 0.61%.
Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market.
Palm oil demand by top buyer India in the 2024/25 marketing year ending in October could fall to as low as 7.5 million tons, the lowest in five years, as its rising premium over soyoil and sunflower oil pushes refiners towards more affordable alternatives, an industry body said.
Indian refiners have cancelled orders for 100,000 tons of crude palm oil scheduled for delivery between March and June because of a surge in benchmark Malaysian prices and negative refining margins in India, four trade sources said.
India is likely to raise import taxes on vegetable oils for the second time in less than six months to help support thousands of oilseed farmers reeling from a crash in domestic oilseed prices, two government sources said.
Malaysia's palm oil stocks are set to fall to 1.5 million metric tons by the end of February, their lowest level in nearly two years, as floods have hit production and the Ramadan festival has boosted demand, a senior regulatory official told Reuters.
Today's palm oil market is poised to experience a bearish trend, influenced by the weaker Chicago soyoil price and weaker demand from India.
Soybean (Reuters)
Chicago Board of Trade soybean futures closed lower on Monday on spillover weakness from corn and outlooks for beneficial rains in crop areas of Argentina
CBOT most-active May soybeans settled down 9-3/4 cents at $10.47-1/2 per bushel.
Crop areas of Argentina should see "widespread and frequent rain" over the next two weeks, the Commodity Weather Group said in a client note
Consultancy AgRural trimmed its forecast for Brazil's soybean crop to 168.2 million metric tons, from the 171 million it had estimated in January. However, the estimate, if realized, would still represent Brazil's largest-ever soybean harvest.
The U.S. Department of Agriculture reported export inspections of U.S. soybeans in the latest week at 858,679 metric tons, toward the high end of trade expectations for 350,000 to 900,000 tons.
Thank you
Best Regards
Phillip Capital Sdn Bhd
Forwarded from Rakuten Trade Ideas π―
π Bursa market earnings results (25.2.25)
1οΈβ£ MPI (3867)
π Missed 1HFY25 earnings expectations
Outperform with target price β RM26.75
Last traded price β RM19.62
2οΈβ£ LPI (8621)
π Beat FY24 earnings expectations
Outperform with target price β RM16.00
Last traded price β RM13.90
3οΈβ£ CDB (6947)
π Beat FY24 earnings expectations
Outperform with target price β RM4.10
Last traded price β RM3.46
4οΈβ£ DIALOG (7277)
π Missed 1HFY25 earnings expectations
Market Perform with target price β RM1.94
Last traded price β RM1.64
5οΈβ£ PAVREIT (5212)
π Missed FY24 earnings expectations
Outperform with target price β RM1.63
Last traded price β RM1.53
6οΈβ£ F&N (3689)
π Beat Q1FY25 earnings expectations
Outperform with target price β RM34.40
Last traded price β RM26.50
7οΈβ£ SUNREIT (5176)
π Missed FY24 earnings expectations
Outperform with target price β RM2.07
Last traded price β RM1.89
8οΈβ£ MALAKOF (5264)
π Missed FY24 earnings expectations
Market Perform with target price β RM0.80
Last traded price β RM0.845
9οΈβ£ MISC (3816)
π Beat FY24 earnings expectations
Market Perform with target price β RM7.78
Last traded price β RM7.31
π PCHEM (5183)
π Missed FY24 earnings expectations
Outperform with target price β RM5.07
Last traded price β RM3.74
Kenanga Research target prices
*Last traded price based on 24-Feb closing price.
1οΈβ£ MPI (3867)
π Missed 1HFY25 earnings expectations
Outperform with target price β RM26.75
Last traded price β RM19.62
2οΈβ£ LPI (8621)
π Beat FY24 earnings expectations
Outperform with target price β RM16.00
Last traded price β RM13.90
3οΈβ£ CDB (6947)
π Beat FY24 earnings expectations
Outperform with target price β RM4.10
Last traded price β RM3.46
4οΈβ£ DIALOG (7277)
π Missed 1HFY25 earnings expectations
Market Perform with target price β RM1.94
Last traded price β RM1.64
5οΈβ£ PAVREIT (5212)
π Missed FY24 earnings expectations
Outperform with target price β RM1.63
Last traded price β RM1.53
6οΈβ£ F&N (3689)
π Beat Q1FY25 earnings expectations
Outperform with target price β RM34.40
Last traded price β RM26.50
7οΈβ£ SUNREIT (5176)
π Missed FY24 earnings expectations
Outperform with target price β RM2.07
Last traded price β RM1.89
8οΈβ£ MALAKOF (5264)
π Missed FY24 earnings expectations
Market Perform with target price β RM0.80
Last traded price β RM0.845
9οΈβ£ MISC (3816)
π Beat FY24 earnings expectations
Market Perform with target price β RM7.78
Last traded price β RM7.31
π PCHEM (5183)
π Missed FY24 earnings expectations
Outperform with target price β RM5.07
Last traded price β RM3.74
Kenanga Research target prices
*Last traded price based on 24-Feb closing price.