*Chin Hin Group Property Bhd* is planning a bonus share issue, its first in nearly two decades, despite a sharp drop in net profit in the final quarter of 2024. (The Edge Malaysia)
 
*KNM Group Bhd* said trading in its shares will be suspended on Thursday, pending the release of a material announcement. (The Edge Malaysia)
 
 
*27th 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.

Malaysia’s Property Transaction Value Reaches Decade High in 2024, Overhang Improves

According to Malaysia’s Property Market Report 2024, Malaysia’s property transaction value increased by 18% in 2024 to MYR232.40 billion.

Volume increased by 5.4% to 420,525 transactions driven by a 37% jump in residential sales.

The overhang situation improved as unsold completed units dropped 10.3% to 23,149. The average home prices increased by 3.3% to MYR486,678 per unit.

MAHSING-C77, SIMEPROP-C42 and SPSETIA-C93 are Call Warrants which provide investors leveraged exposure to Mah Sing Group (MAHSING), Sime Darby Property (SIMEPROP) and S P Setia (SPSETIA) respectively.

#WarrantsWatch

📊 Bursa market earnings results (27.2.25)

1️⃣ AFFIN (5185)
📈 Beat FY24 earnings expectations
Underperform with target price – RM2.40
Last traded price – RM2.83

2️⃣ AEON (6599)
📈 Beat FY24 earnings expectations
Market Perform with target price – RM1.50
Last traded price – RM1.46

3️⃣ BMGREEN (0168)
📈 Beat 9MFY25 earnings expectations
Market Perform with target price – RM1.64
Last traded price – RM1.85

4️⃣ BPPLAS (5100)
📉 Missed FY24 earnings expectations
Market Perform with target price – RM1.21
Last traded price – RM1.16

5️⃣ KEYFIELD (5321)
📈 Beat FY24 earnings expectations
Outperform with target price – RM3.18
Last traded price – RM2.10

6️⃣ IOICORP (1961)
📉 Missed 1HFY25 earnings expectations
Outperform with target price – RM4.30
Last traded price – RM3.86

7️⃣ LGMS (0249)
📈 Beat FY24 earnings expectations
Market Perform with target price – RM1.00
Last traded price – RM1.04

8️⃣ NESTLE (4707)
📉 Missed FY24 earnings expectations
Outperform with target price – RM103.75
Last traded price – RM88.48

9️⃣ OPPSTAR (0275)
📉 Missed 9MFY25 earnings expectations
Underperform with target price – RM0.39
Last traded price – RM0.515

🔟 PADINI (7052)
📈 Beat 1HFY25 earnings expectations
Outperform with target price – RM2.10
Last traded price – RM1.77

Kenanga Research target prices
*Last traded price based on 26-Feb closing price.

Sunway breaks new record in annual revenue for FY2024, declares four sen second interim dividend
https://theedgemalaysia.com/node/745984

Guan Chong declares special dividend after sharp rise in 4Q net profit
https://theedgemalaysia.com/node/746003

Bursa Malaysia Midday Recap: Mixed Fortunes at Midday

The FBM KLCI is trending lower after a brief rebound yesterday, further weighed down by losses from PBBANK and IOICORP. Despite the index's decline, market sentiment showed slight improvement, with gainers outnumbering laggards. Industrials extended its uptrend for the second day alongside tech, after experiencing 11 days of declines. However, financials, which posted significant gains yesterday, failed to sustain its upward momentum. Key event for today includes the US GDP (9:30PM).

On industrials, PMETAL posted a 38.5% jump in net profit for 4QFY2024, driven by lower finance costs and higher contributions from associate companies. Investors may consider PMETAL (Target Price: MYR 5.82) as a potential trading opportunity. For the full report, stock ideas and market flows, access Discover Tab on Maybank Trade MY app.

Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap

RHB unveils new three-year roadmap, aims to push ROE to 12% by 2027
https://theedgemalaysia.com/node/746129

Chin Hin’s 4Q profit tumbles 62.5% on Ajiya and Signature consolidation impact, higher finance costs and taxes
https://theedgemalaysia.com/node/746120

📢 Webinar Percuma! Belajar Teknik Swing Trading dalam Saham 📢

📌 Topik: "Cara Menjadi Swing Trader dalam Saham"
🗓 Tarikh: 27 Februari 2025 (Khamis)
⏰ Masa: 8:30 malam (Waktu Singapura/Malaysia)
💻 Platform: Zoom (Tempat TERHAD untuk 20 peserta sahaja!)

🚀 Nak jadi trader yang lebih konsisten dan tenang?
Swing trading adalah strategi yang sesuai untuk mereka yang ingin memaksimumkan keuntungan tanpa perlu memantau pasaran setiap saat!

Dalam webinar ini, anda akan belajar:
✅ Apa itu Swing Trading & bagaimana ia berfungsi?
✅ Bagaimana mengenal pasti entry & exit terbaik?
✅ Teknik dan strategi yang boleh digunakan untuk pelaburan jangka sederhana
✅ Kesilapan biasa yang perlu dielakkan oleh swing trader

Klik untuk sertai sekarang: https://us02web.zoom.us/j/86129229876?pwd=ni2saTa1NVSeXzQ2PEmwSpat20hoTP.1
🔑 Meeting ID: 861 2922 9876
🔒 Passcode: 733130

📍 Alamat Pejabat:
Mplus Wangsa Maju (MWM)
No. 76-1, Jalan Wangsa Delima 6,
Pusat Bandar Wangsa Maju (KLSC),
Setapak, 53300 Kuala Lumpur.
📍 Google Maps: https://goo.gl/maps/57uJhiCqREDi66Q37

📢 Jangan lupa follow & subscribe kami untuk lebih banyak ilmu dan tips trading!
🔹 YouTube: MWM Group
🔹 Telegram: Mplus Wangsa Maju

🔥 Tempat sangat terhad! Daftar segera sebelum penuh! 🔥

M+ Market Update – 28Feb25
Back To Defensive Trades

The local bourse closed lower as sentiment was dampened by weaknesses in Petronas related stocks, coupled with uncertainties surrounding its domestic CapEx outlook. Wall Street ended in red after selling pressure emerged despite Nvidia posting better-than-expected results. We believe the change on mind by President Trump on tariffs threat toward Canada and Mexico, set to take effect on March 4, coupled with a rise in unemployment claims to 242k, highest level in 3 months will contribute to further weakness on the stock markets. On the commodities market, Brent crude rebounded towards USD73 per barrel, while Gold closed below the USD2,880 mark. Meanwhile CPO price hover around RM4,530.

Sector Focus: Given the renewed selling pressure on Wall Street despite Nvidia’s earnings beat, we expect upside in the local Technology sector to be limited, albeit supported by stronger earnings from NationGate. We also favour ITMAX and FRONTKN for long term growth after their solid earnings reports. Meanwhile, we see trading opportunities in Kelington Group due to its (i) RM1.27bn order book, (ii) UHP segment expansion in China and Europe, and (iii) potential data center order replenishment. Besides, we remain positive on Banking, backed by RHB earnings and attractive dividend yield and REITs for their defensive characteristics.

Stocks to watch:

Utility: *BMGREEN*, PEKAT, SCGBHD
Plantation: *JTIASA*, TSH
Building Material: *PMETAL*
Construction: *SUNCON*
Financial: *OSK*
Consumer: *LHI*
Technology: KGB

Source: M+

M+ Morning Market Buzz - 28Feb25

Dow Jones: 43,239.50 pts (-193.62pts, -0.45%)
⬆️ Resistance: 44900
⬇️ Support: 42400

FBM KLCI: 1,586.60 pts (-2.11pts, -0.13%)
⬆️ Resistance: 1630
⬇️ Support: 1540

HSI Index: 23,718.29 pts (-69.64pts, -0.29%)
⬆️ Resistance: 24600
⬇️ Support: 22300

Crude Palm Oil: RM4,511 (+RM18, +0.40%)
⬆️ Resistance: 4820
⬇️ Support: 4390

Brent Oil: $74.04 (+$1.51, +2.08%)
⬆️ Resistance: 78.30
⬇️ Support: 71.00

Gold: $2,877.52 (+$2.24, +0.08%)
⬆️ Resistance: 3020
⬇️ Support: 2820

Source: Bloomberg, M+

28-February-2025

Web Page
PDF

Press Metal Reports 44.9% Jump in Net Profit in FY2024

Press Metal Aluminium Holdings (PMETAL) posted a stellar FY2024 performance, with net profit surging 44.9% to MYR1.76 billion on record-high revenue of MYR14.91 billion.

In 4Q24, net profit soared 38.5% YoY to MYR321.39 million, driven by lower finance costs and higher associate contributions. EPS climbed from 3.9 sen to 5.4 sen.

PMETAL’s shares price rose 5.0% yesterday with a total traded volume of 15.0 million.

Investors bullish on PMETAL’s momentum may consider PMETAL-C1S, which has a sensitivity of 3.9 ticks, one of the most responsive PMETAL Call Warrants in the market.

#DailyHighlights

*Trading Stocks today:*

For *Trendspotter*, please click on this link: < https://tinyurl.com/ycke2bdk > to view the report.

Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.

*Malaysia*:
*Kelington Group (0151)* (RM3.52): Technical Buy
Targets: RM3.75, RM4.04
Stop: RM3.19

*Mclean Technologies (0167)* (RM0.32): Technical Buy
Targets: RM0.350, RM0.380, RM0.395
Stop: RM0.28


*Fundamental Report(s):*

*SD Guthrie Bhd* - FY24 results above expectations (Maintain Add with a TP of RM5.20) https://tinyurl.com/4fmhzj3m

*SAM Engineering & Equipment Bhd* - Improving WFE growth and margins (Upgrade to Hold with a higher TP of RM3.71) https://tinyurl.com/8tr4b7wf

*RHB Bank Bhd* - Swift net interest income expansion (Maintain Add with a TP of RM7.25) https://tinyurl.com/5n7nmhvh

*IJM Corp Bhd* - Decent quarter driven by land sale gain (Maintain Add with a TP of RM3.80) https://tinyurl.com/4ysjfydx

*Carlsberg Brewery (M)* - Return to growth (Maintain Add with a higher TP of RM23.53) https://tinyurl.com/4t4emr7n

*Sunway Bhd* - Strong conviction in property demand (Maintain Add with a TP of RM5.80) https://tinyurl.com/3akk6eb2

*Hong Leong Bank* - Riding on robust fee income growth (Maintain Add with a TP of RM31.40) https://tinyurl.com/58crzfdy

*Hap Seng Plantations* - Benefitting from high CPO price (Maintain Add with a TP of RM2.25) https://tinyurl.com/yc6yz5s7

*Malayan Banking Bhd* - A turnaround in net interest income growth? (Maintain Add with a TP of RM12.80) https://tinyurl.com/3vd9uud9

*Genting Plantations* - Results above expectations (Maintain Hold with a TP of RM5.90) https://tinyurl.com/mzp8punk

*Alliance Bank Malaysia Berhad* - High LLP overshadows solid topline growth (Downgrade to Hold with a TP of RM5.27) https://tinyurl.com/bdfb3z53

*Velesto Energy Berhad* - A 1 sen DPS reward for shareholders (Upgrade to Hold with a higher TP of RM0.19) https://tinyurl.com/2wmzy7cx

*Engtex Group* - Water projects to drive FY25 earnings (Maintain Add with a TP of RM0.85) https://tinyurl.com/4v5zyydz



Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my

*28th 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.

*Corporate news*

*Malaysian Resources Corporation Bhd*’s wholly-owned subsidiary Setia Utama LRT 3 Sdn Bhd has won a reinstatement works contract from Prasarana Malaysia Bhd worth RM2.5bn that spans 48 months. (The Edge Malaysia)

*UEM Sunrise Bhd* said on Thursday it will jointly develop some of its land in Iskandar Puteri, Johor, with Singapore-listed GuocoLand Ltd. (The Edge Malaysia)

*RHB Bank Bhd* aims to boost its return on equity (ROE) to 12% by 2027 from 10% currently, under its three-year corporate strategy (2025-2027), also known as “PROGRESS27”. At a media briefing, group managing director cum chief executive officer Datuk Mohd Rashid Mohamad stated that “PROGRESS27” is built on three main pillars: becoming the best service bank, driving high profitability, and upholding its commitment as a responsible, purposeful financial institution. (The Edge Malaysia)

*SD Guthrie Bhd* said on Thursday that palm oil prices may moderate this year as favourable weather conditions boost output in Indonesia and Papua New Guinea. (The Edge Malaysia)

*SD Guthrie Bhd* said it is seeking to grow a recent acquisition of a Netherlands-based animal feed and biofuel supplier, as the world's largest palm oil producer pushes further downstream and taps new markets. (The Edge Malaysia)

Property developer *UEM Sunrise Bhd* said on Thursday that it is taking a measured approach in utilising its land bank in the Johor region, prioritising sustainable development and product delivery over rapid monetisation. (The Edge Malaysia)

*Tenaga Nasional Bhd*’s (TNB) board of directors has approved the two-year extension of Tan Sri Abdul Razak Abdul Majid's tenure as non-independent non-executive chairman. (The Edge Malaysia)

*Genting Bhd* announced on Thursday that Tan Sri Lim Kok Thay is set to relinquish his role as the group's CEO, a position he has held since 2007. Lim will, however, continue to serve as executive chairman of the group. (The Edge Malaysia)

*KNM Group Bhd* plans to sell its entire stake in its German unit Deutsche KNM GmbH to Japanese-based ceramic company NGK Insulators Ltd for €270m (RM1.3bn). (The Edge Malaysia)

*Press Metal Aluminium Holdings Bhd* said on Thursday that it has signed a MOU with Bintulu Development Authority (BDA) for a proposed JV to set up a solar frame extrusions facility in Bintulu, Sarawak. (The Edge Malaysia)

*Sapura Energy Bhd* has secured creditors’ approval for its proposed debt restructuring scheme after 52 court-convened meetings, and the plan is now awaiting High Court sanction. (The Edge Malaysia)

*UEM Edgenta Bhd* is setting its sights on strengthening its international footprint, following the new contract wins led by those in Singapore and Taiwan. (The Edge Malaysia)

*KNM Group Bhd* said on Thursday it is working with advisers to sell its other businesses following planned disposal of its key unit in Germany to a Japanese-based ceramic company. (The Edge Malaysia)


*28th 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.

Good Morning ☀️,
*ACTIVELY MANAGED PORTFOLIO BY CGS International*
2025 YTD return as per update 🔻-8.2%

Weekly summary 21 - 27 Feb

Bought 📥 Johor Plantations Group, BM GreenTech

Sold 📤 Cloudpoint Technology, TSH Resources, Lagenda Properties

Regards,
CGS MY Retail Research