Forwarded from M+ On-The-Go
M+ Market Update – 05Mar25
Seeking Safe Haven Assets
Selling pressure in the local bourse persisted, dragged down by YTL-related counters. Foreign institutional outflows continued for the 19th consecutive week. In the US, all three indices gapped down after President Trump’s implementation of tariffs on imports from Canada, Mexico, and China. These nations have announced retaliatory measures, escalating concerns about a global trade war. President Trump is also set to deliver his first Congress address later today, with significant attention focused on potential insights regarding Ukraine. In the commodities market, Brent crude fell below USD72/barrel, while gold prices remained flat around the USD2,900 range. Meanwhile, CPO prices dropped below RM4,400/tonne.
Sector Focus: Given the continuous strong selloffs in the market, the sentiment is expected to shift towards a risk-off mode, with investors likely seeking refuge in defensive sectors and safe-haven assets. Hence, we reiterate our stance on defensive sectors, including Banking, Utilities, and REITs, as they have recently reported stable earnings and offer consistent dividends. Meanwhile, we also favour KPJ, ITMAX and TIMECOM for their resilient business models and healthy chart setups, bucking the trend of the sluggish broader market performance.
Stocks to watch:
Technology: *ITMAX*, MCLEAN, *TIMECOM*
Utility: *GASMSIA*, KJTS, PEKAT
Financial: *OSK*
REITs: IGBREIT
Healthcare: *KPJ*
Source: M+
Seeking Safe Haven Assets
Selling pressure in the local bourse persisted, dragged down by YTL-related counters. Foreign institutional outflows continued for the 19th consecutive week. In the US, all three indices gapped down after President Trump’s implementation of tariffs on imports from Canada, Mexico, and China. These nations have announced retaliatory measures, escalating concerns about a global trade war. President Trump is also set to deliver his first Congress address later today, with significant attention focused on potential insights regarding Ukraine. In the commodities market, Brent crude fell below USD72/barrel, while gold prices remained flat around the USD2,900 range. Meanwhile, CPO prices dropped below RM4,400/tonne.
Sector Focus: Given the continuous strong selloffs in the market, the sentiment is expected to shift towards a risk-off mode, with investors likely seeking refuge in defensive sectors and safe-haven assets. Hence, we reiterate our stance on defensive sectors, including Banking, Utilities, and REITs, as they have recently reported stable earnings and offer consistent dividends. Meanwhile, we also favour KPJ, ITMAX and TIMECOM for their resilient business models and healthy chart setups, bucking the trend of the sluggish broader market performance.
Stocks to watch:
Technology: *ITMAX*, MCLEAN, *TIMECOM*
Utility: *GASMSIA*, KJTS, PEKAT
Financial: *OSK*
REITs: IGBREIT
Healthcare: *KPJ*
Source: M+
Forwarded from MWM Technical View Channel
‼️ Upcoming Share Consolidation Exercise ‼️
KEY ALLIANCE GROUP BERHAD : KGROUP (0036)
Ratio: Every 30 Ordinary Shares into 1 Consolidated Share
Ex-Date : 5 March 2025
KEY ALLIANCE GROUP BERHAD : KGROUP (0036)
Ratio: Every 30 Ordinary Shares into 1 Consolidated Share
Ex-Date : 5 March 2025
Forwarded from MWM Technical View Channel
IPO WAWASAN DENGKIL & LIM SEONG HAI AVAILABLE FOR MARGIN FINANCING !!!!
Forwarded from MWM Technical View Channel
Nak tahu broker lain bagi FV berapa??
Klik dekat READ MORE dlm tab INSIGHT ..
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Klik dekat READ MORE dlm tab INSIGHT ..
Mudah kan...
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 6Mar25
Dow Jones: 43,006.59 pts (+485.60pts, +1.14%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,564.42 pts (+8.76pts, +0.56%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 23,594.21 pts (+652.44pts, +2.84%)
⬆️ Resistance: 24600
⬇️ Support: 22100
Crude Palm Oil: RM4,417 (-RM34, -0.77%)
⬆️ Resistance: 4700
⬇️ Support: 4250
Brent Oil: $71.04 (-$1.70, -2.39%)
⬆️ Resistance: 75.80
⬇️ Support: 67.00
Gold: $2,919.39 (+$2.51, +0.09%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
Dow Jones: 43,006.59 pts (+485.60pts, +1.14%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,564.42 pts (+8.76pts, +0.56%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 23,594.21 pts (+652.44pts, +2.84%)
⬆️ Resistance: 24600
⬇️ Support: 22100
Crude Palm Oil: RM4,417 (-RM34, -0.77%)
⬆️ Resistance: 4700
⬇️ Support: 4250
Brent Oil: $71.04 (-$1.70, -2.39%)
⬆️ Resistance: 75.80
⬇️ Support: 67.00
Gold: $2,919.39 (+$2.51, +0.09%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
Forwarded from Trade With Maybank
Sunway Construction Secures MYR1.5 Billion Contract
Sunway Construction Group (SUNCON) has been awarded a MYR1.5 billion contract for construction works at the Rapid Transit System Transit-Oriented Development (RTS TOD) in Bukit Chagar, Johor.
Located next to the Johor Bahru–Singapore RTS, the development will feature four residential and commercial towers, educational institutions, a health and wellness hub, and hospitality facilities.
Yesterday, SUNCON rose by 3.7% to close at MYR4.24. Investors bullish on SUNCON may consider SUNCON-C32 which offers leveraged exposure with an Effective Gearing of 4.1x!
#WarrantsWatch
Sunway Construction Group (SUNCON) has been awarded a MYR1.5 billion contract for construction works at the Rapid Transit System Transit-Oriented Development (RTS TOD) in Bukit Chagar, Johor.
Located next to the Johor Bahru–Singapore RTS, the development will feature four residential and commercial towers, educational institutions, a health and wellness hub, and hospitality facilities.
Yesterday, SUNCON rose by 3.7% to close at MYR4.24. Investors bullish on SUNCON may consider SUNCON-C32 which offers leveraged exposure with an Effective Gearing of 4.1x!
#WarrantsWatch
Forwarded from MWM Technical View Channel
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Forwarded from Rakuten Trade Ideas 🎯
Banking Sector - Results Highlights
1️⃣ MAYBANK (1155)
2️⃣ PBBANK (1295)
3️⃣ CIMB (1023)
4️⃣ HLBANK (5819)
5️⃣ RHBBANK (1066)
6️⃣ AMBANK (1015)
7️⃣ ABMB (2488)
8️⃣ AFFIN (5185)
9️⃣ MBSB (1171)
🔟 BIMB (5258)
1️⃣ MAYBANK (1155)
2️⃣ PBBANK (1295)
3️⃣ CIMB (1023)
4️⃣ HLBANK (5819)
5️⃣ RHBBANK (1066)
6️⃣ AMBANK (1015)
7️⃣ ABMB (2488)
8️⃣ AFFIN (5185)
9️⃣ MBSB (1171)
🔟 BIMB (5258)