Forwarded from MWM Technical View Channel
https://finance.yahoo.com/news/citi-cuts-us-stocks-raises-011628311.html
Citi is putting more focus in China/ HK stocks.
Citi is putting more focus in China/ HK stocks.
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Correction Steepens
The FBM KLCI continued to edge downwards as tariff (sparking recession fears) and a potential US gov shutdown sparked worries on the global stage. Broad based selling hit the rest of the market today as well, ending the morning session in a sea of red. Defensive sectors (financials and REITs) were not spared, but the decline lagged peers as we see most large cap banking names decline less than 1%. On the other hand, HEXTECH’s gains is somewhat supporting the transportation sector index.
Investors looking for alternatives, to yesterday’s defensive picks may want to consider alternatives such as PBBANK (Target Price: MYR 5.30; FY25E Dividend Yield: 5.1%) and AMBANK (Target Price: MYR 6.45; FY25E Dividend Yield: 5.4%). For the latest updates on the banking sector, check out our latest report on your Maybank Trade MY App.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI continued to edge downwards as tariff (sparking recession fears) and a potential US gov shutdown sparked worries on the global stage. Broad based selling hit the rest of the market today as well, ending the morning session in a sea of red. Defensive sectors (financials and REITs) were not spared, but the decline lagged peers as we see most large cap banking names decline less than 1%. On the other hand, HEXTECH’s gains is somewhat supporting the transportation sector index.
Investors looking for alternatives, to yesterday’s defensive picks may want to consider alternatives such as PBBANK (Target Price: MYR 5.30; FY25E Dividend Yield: 5.1%) and AMBANK (Target Price: MYR 6.45; FY25E Dividend Yield: 5.4%). For the latest updates on the banking sector, check out our latest report on your Maybank Trade MY App.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 12Mar25
Dow Jones: 41,433.48 pts (-478.23pts, -1.14%)
⬆️ Resistance: 44000
⬇️ Support: 40400
FBM KLCI: 1,520.15 pts (-16.31pts, -1.06%)
⬆️ Resistance: 1610
⬇️ Support: 1490
HSI Index: 23,782.14 pts (-1.35pts, -0.01%)
⬆️ Resistance: 25200
⬇️ Support: 22700
Crude Palm Oil: RM4,488 (-RM20, -0.45%)
⬆️ Resistance: 4760
⬇️ Support: 4250
Brent Oil: $69.56 (+$0.28, +0.40%)
⬆️ Resistance: 72.90
⬇️ Support: 67.00
Gold: $2,915.90 (-$1.36, -0.05%)
⬆️ Resistance: 2990
⬇️ Support: 2830
Source: Bloomberg, M+
Dow Jones: 41,433.48 pts (-478.23pts, -1.14%)
⬆️ Resistance: 44000
⬇️ Support: 40400
FBM KLCI: 1,520.15 pts (-16.31pts, -1.06%)
⬆️ Resistance: 1610
⬇️ Support: 1490
HSI Index: 23,782.14 pts (-1.35pts, -0.01%)
⬆️ Resistance: 25200
⬇️ Support: 22700
Crude Palm Oil: RM4,488 (-RM20, -0.45%)
⬆️ Resistance: 4760
⬇️ Support: 4250
Brent Oil: $69.56 (+$0.28, +0.40%)
⬆️ Resistance: 72.90
⬇️ Support: 67.00
Gold: $2,915.90 (-$1.36, -0.05%)
⬆️ Resistance: 2990
⬇️ Support: 2830
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 12Mar25
Oversold Stocks Poised For A Rebound
The local bourse extended its losses as global economic uncertainties dampened sentiment, in line with regional markets. Following the recent announcement of an additional 25% tariff on steel and aluminium imports from Canada—albeit reversed—we believe Wall Street may have limited upside, as retaliatory actions by trading partners will negatively impact economic activity. All eyes are on the US inflation data tonight, we believe that a -5% deviation from the 2.9% forecast would weigh on sentiment. In the commodities market, Brent crude oil eased toward USD69 per barrel amid Ukraine-Russia peace talks. Meanwhile, gold traded higher toward USD2,917 an ounce, while CPO prices remained in a tight range at RM4,468.
Sector Focus: While the local bourse is set to trade in a volatile session due to the tit-for-tat actions between the US and its trading partners, we think investors should focus on fundamentally-strong sectors like Banks and REITs, given their (i) positive trend formation, (ii) stable loan growth, and (iii) healthy dividend payouts. Also, we have noticed some buying interest on stocks which have been significantly oversold due to selling pressure over the past month, coupled with a rebound in selected tech stocks in the US, there might be opportunities within the Technology sector, at least for the rest of the week.
Stocks to watch:
Technology: *FRONTKN*, PIE
Utility: *MNHLDG*, *SCGBHD*
Construction: *SUNCON*
Logistics: *WPRTS*
Consumer: FFB
Plantation: HSPLANT
REIT: IGBREIT
Source: M+
Oversold Stocks Poised For A Rebound
The local bourse extended its losses as global economic uncertainties dampened sentiment, in line with regional markets. Following the recent announcement of an additional 25% tariff on steel and aluminium imports from Canada—albeit reversed—we believe Wall Street may have limited upside, as retaliatory actions by trading partners will negatively impact economic activity. All eyes are on the US inflation data tonight, we believe that a -5% deviation from the 2.9% forecast would weigh on sentiment. In the commodities market, Brent crude oil eased toward USD69 per barrel amid Ukraine-Russia peace talks. Meanwhile, gold traded higher toward USD2,917 an ounce, while CPO prices remained in a tight range at RM4,468.
Sector Focus: While the local bourse is set to trade in a volatile session due to the tit-for-tat actions between the US and its trading partners, we think investors should focus on fundamentally-strong sectors like Banks and REITs, given their (i) positive trend formation, (ii) stable loan growth, and (iii) healthy dividend payouts. Also, we have noticed some buying interest on stocks which have been significantly oversold due to selling pressure over the past month, coupled with a rebound in selected tech stocks in the US, there might be opportunities within the Technology sector, at least for the rest of the week.
Stocks to watch:
Technology: *FRONTKN*, PIE
Utility: *MNHLDG*, *SCGBHD*
Construction: *SUNCON*
Logistics: *WPRTS*
Consumer: FFB
Plantation: HSPLANT
REIT: IGBREIT
Source: M+
Forwarded from MWM Technical View Channel
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KESM reports third consecutive net loss in 2QFY2025 due to ongoing weak automotive chip demand
https://theedgemalaysia.com/node/747599
https://theedgemalaysia.com/node/747599
The Edge Malaysia
KESM reports third consecutive net loss in 2QFY2025 due to ongoing weak automotive chip demand
KESM Industries Bhd (KL:KESM), the world’s largest independent burn-in and test service provider, posted its third straight quarterly net loss of RM2.99 million, or loss per share of 6.95 sen, in the second quarter ended Jan 31, 2025 (2QFY2025), due to continued…