Forwarded from M+ On-The-Go
M+ Market Wrap - 12Mar25
FBM KLCI: 1,484.83 pts (-35.32pts, -2.32%)
The sell-off on FBMKLCI (-2.32%) persisted as ongoing retaliation and a the market could be pricing in potential global economic slowdown, driven by new U.S. trade policies, which dampened market sentiment. Market breadth was negative, with losers outnumbering gainers by 659-to-297 stocks. On the broader market, the Transportation & Logistics sector (+0.14%) outperformed, driven by gains in WPRTS (+4.0 sen) and HEXTECH (+1.0 sen), while the rest of the sectors traded negatively.
Top 3 Active stocks:
SAPNRG (5218): RM0.040 (+0.5 sen)
GAMUDA (5398): RM3.770 (-29.0 sen)
CIMB (1023): RM7.000 (-26.0 sen)
Volume: 3.10 bn (100-bar avg vol: 2.96 bn)
Value: RM3.37 bn (100-bar avg val: RM2.59 bn)
Market Breadth: ⬆️297⬇️659
Crude palm oil: RM4,505 (+RM17)
Dow Futures: 41,627 pts (+152 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,484.83 pts (-35.32pts, -2.32%)
The sell-off on FBMKLCI (-2.32%) persisted as ongoing retaliation and a the market could be pricing in potential global economic slowdown, driven by new U.S. trade policies, which dampened market sentiment. Market breadth was negative, with losers outnumbering gainers by 659-to-297 stocks. On the broader market, the Transportation & Logistics sector (+0.14%) outperformed, driven by gains in WPRTS (+4.0 sen) and HEXTECH (+1.0 sen), while the rest of the sectors traded negatively.
Top 3 Active stocks:
SAPNRG (5218): RM0.040 (+0.5 sen)
GAMUDA (5398): RM3.770 (-29.0 sen)
CIMB (1023): RM7.000 (-26.0 sen)
Volume: 3.10 bn (100-bar avg vol: 2.96 bn)
Value: RM3.37 bn (100-bar avg val: RM2.59 bn)
Market Breadth: ⬆️297⬇️659
Crude palm oil: RM4,505 (+RM17)
Dow Futures: 41,627 pts (+152 pts)
**Source: Bloomberg, M+**
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 13Mar25
Dow Jones: 41,350.93 pts (-82.55pts, -0.20%)
⬆️ Resistance: 43900
⬇️ Support: 40200
FBM KLCI: 1,484.83 pts (-35.32pts, -2.32%)
⬆️ Resistance: 1610
⬇️ Support: 1450
HSI Index: 23,600.31 pts (-181.83pts, -0.76%)
⬆️ Resistance: 25200
⬇️ Support: 22800
Crude Palm Oil: RM4,487 (RM0, 0.00%)
⬆️ Resistance: 4760
⬇️ Support: 4290
Brent Oil: $70.95 (+$1.39, +2.00%)
⬆️ Resistance: 72.90
⬇️ Support: 67.30
Gold: $2,934.77 (+$0.39, +0.01%)
⬆️ Resistance: 3000
⬇️ Support: 2830
Source: Bloomberg, M+
Dow Jones: 41,350.93 pts (-82.55pts, -0.20%)
⬆️ Resistance: 43900
⬇️ Support: 40200
FBM KLCI: 1,484.83 pts (-35.32pts, -2.32%)
⬆️ Resistance: 1610
⬇️ Support: 1450
HSI Index: 23,600.31 pts (-181.83pts, -0.76%)
⬆️ Resistance: 25200
⬇️ Support: 22800
Crude Palm Oil: RM4,487 (RM0, 0.00%)
⬆️ Resistance: 4760
⬇️ Support: 4290
Brent Oil: $70.95 (+$1.39, +2.00%)
⬆️ Resistance: 72.90
⬇️ Support: 67.30
Gold: $2,934.77 (+$0.39, +0.01%)
⬆️ Resistance: 3000
⬇️ Support: 2830
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 13Mar25
Market Breadth Turning More Positive
The sell-off in the local bourse persisted as ongoing retaliation and global economic uncertainties, driven by Trump’s trade policies, weighed on sentiment. Meanwhile, Canada’s response – by imposing 25% tariffs on USD 21bn worth of U.S. goods contrasted with Wall Street’s rebound, as slower-than-anticipated CPI inflation data (0.2% MoM and 2.8% YoY) calmed investors. This may affect the Fed’s interest rate outlook environment. Furthermore, traders will keep track of (i) PPI data, (ii) Unemployment Claims, and (iii) Preliminary UoM Consumer Sentiment. In the commodities market, Brent Crude and Gold edged higher towards USD70 and USD2,935 respectively while CPO traded in a tight range within RM4,487.
Sector Focus: Given Wall Street’s rebound, we see trading opportunities in oversold Technology stocks, coupled with the recent collaboration with Arm Holdings. Secondly, we remain positive on the Banking sector, despite increased selling pressure post-dividend ex-date, as growing income and dividends should cushion downside risk. Meanwhile, we favour REITs due to recovering footfall in major malls. Lastly, ITMAX’s Penang venture could offer new business opportunities, mirroring its success in Johor, while PECCA stands out for its strong net cash position and superior profitability.
Stocks to watch:
Technology: *GREATEC*, *NATGATE*, *PIE*, UNISEM
Telco: *TIMECOM*
Logistics: *WPRTS*
Consumer: KOPI
Automotive: PECCA
Source: M+
Market Breadth Turning More Positive
The sell-off in the local bourse persisted as ongoing retaliation and global economic uncertainties, driven by Trump’s trade policies, weighed on sentiment. Meanwhile, Canada’s response – by imposing 25% tariffs on USD 21bn worth of U.S. goods contrasted with Wall Street’s rebound, as slower-than-anticipated CPI inflation data (0.2% MoM and 2.8% YoY) calmed investors. This may affect the Fed’s interest rate outlook environment. Furthermore, traders will keep track of (i) PPI data, (ii) Unemployment Claims, and (iii) Preliminary UoM Consumer Sentiment. In the commodities market, Brent Crude and Gold edged higher towards USD70 and USD2,935 respectively while CPO traded in a tight range within RM4,487.
Sector Focus: Given Wall Street’s rebound, we see trading opportunities in oversold Technology stocks, coupled with the recent collaboration with Arm Holdings. Secondly, we remain positive on the Banking sector, despite increased selling pressure post-dividend ex-date, as growing income and dividends should cushion downside risk. Meanwhile, we favour REITs due to recovering footfall in major malls. Lastly, ITMAX’s Penang venture could offer new business opportunities, mirroring its success in Johor, while PECCA stands out for its strong net cash position and superior profitability.
Stocks to watch:
Technology: *GREATEC*, *NATGATE*, *PIE*, UNISEM
Telco: *TIMECOM*
Logistics: *WPRTS*
Consumer: KOPI
Automotive: PECCA
Source: M+
Capital A revisits US listing plans for brand management arm
https://theedgemalaysia.com/node/747787
https://theedgemalaysia.com/node/747787
The Edge Malaysia
Capital A revisits US listing plans for brand management arm
Capital A Bhd (KL:CAPITALA) is reigniting its plans to list its brand management arm, Abc International, in the US, with its valuation reportedly doubling from the initial US$1.15 billion (RM5.09 billion), according to chief executive officer Tan Sri Tony…
Forwarded from Trade With Maybank
Moody’s Confidence in Malaysia’s Banking Sector
Moody’s Ratings forecasts Malaysia’s real GDP to grow 5% in 2025, following a 5.1% expansion in 2024, despite risks from trade tariffs and geopolitical tensions.
Key banking system metrics, including asset quality and profitability, are expected to remain stable in 2025, according to Moody’s.
Additionally, government initiatives such as the National Energy Transition Roadmap and New Industrial Master Plan are set to drive investments in semiconductor manufacturing and data centers, supporting future credit growth.
Investors bullish on Malaysia’s banking sector may consider Call Warrants like AMBANK-C51 and PBBANK-C1P, which offer leveraged exposure at a fraction of the share price.
#WarrantsWatch
Moody’s Ratings forecasts Malaysia’s real GDP to grow 5% in 2025, following a 5.1% expansion in 2024, despite risks from trade tariffs and geopolitical tensions.
Key banking system metrics, including asset quality and profitability, are expected to remain stable in 2025, according to Moody’s.
Additionally, government initiatives such as the National Energy Transition Roadmap and New Industrial Master Plan are set to drive investments in semiconductor manufacturing and data centers, supporting future credit growth.
Investors bullish on Malaysia’s banking sector may consider Call Warrants like AMBANK-C51 and PBBANK-C1P, which offer leveraged exposure at a fraction of the share price.
#WarrantsWatch
Forwarded from Trade With Maybank
Maybank IBG Traders’ Almanac
(13 Mar 2025) - KLCI breaks below 1,500 psychological level
Technical Trading Ideas💡for today:
1️⃣ MIKRO MSC BERHAD – 0112 (S)
2️⃣ INNOPRISE PLANTATIONS BERHAD – 6262 (S)
3️⃣ CORAZA INTEGRATED TECHNOLOGY – 0240 (S)
4️⃣ CPO FUTURES (CP: MYR 4,489)
5️⃣ KLCI INDEX FUTURES (CP: 1,496.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Discover Tab on Maybank Trade MY app.
#MaybankIBGResearch
#MaybankIBGTA
(13 Mar 2025) - KLCI breaks below 1,500 psychological level
Technical Trading Ideas💡for today:
1️⃣ MIKRO MSC BERHAD – 0112 (S)
2️⃣ INNOPRISE PLANTATIONS BERHAD – 6262 (S)
3️⃣ CORAZA INTEGRATED TECHNOLOGY – 0240 (S)
4️⃣ CPO FUTURES (CP: MYR 4,489)
5️⃣ KLCI INDEX FUTURES (CP: 1,496.00)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Discover Tab on Maybank Trade MY app.
#MaybankIBGResearch
#MaybankIBGTA
Forwarded from Rakuten Trade Ideas 🎯
Saliran Group Bhd (0346), supplier and distributor of pipes, fittings and flanges mainly for the oil & gas sector, is making its debut on the ACE Market of Bursa Malaysia today.
Oversubscribed by 76.03x at IPO price of RM0.27 with a market capitalisation of RM103 million.
It is raising RM21.71 million from this listing exercise for business expansion - setting up sales office in Indonesia, purchasing machinery and delivery truck and repay bank borrowings.
Saliran managing director Dennis Liaw Choon Wei said the company wants to boost market awareness and business growth in Indonesia, a key market in the industrial supply and O&G sectors.
"Opening a field office in Indonesia will enable us to have more growth and marketing opportunities. The market will get to know us better,"
He added the focus on South-East Asia was due to the high potential and demand for its product and services in the region.
Liaw said Saliran’s business would remain unaffected by US tariffs on steel as its operations are mainly focused in the South-East Asian market.
For the latest quaterly result 31 December 2024, Saliran Group Bhd reported a net profit of RM3.72 million on the back of RM95.56 million revenue.
FY2024 net profit was RM13.24 million while revenue was RM344.5 million.
TA Securities, Apex Securities and Rakuten Trade have given a target prices of between RM0.33 - RM0.35
There will always be trading opportunities on listing day.
Trade Saliran Group Bhd (0346) today with Rakuten Trade and get brokerage free trades* | *T&C Apply
通达集团 (Saliran Group Bhd, 0346) 是一家主要为石油和天然气（O&G）行业提供管道、管件和法兰的知名供应商和经销商，今天将在大马交易所创业板(ACE) 首次亮相 。
该公司以27仙的发行价格获得76.03倍超额认购，市值达1.03亿令吉。
该公司从上市中筹集了2171 万令吉资金，主要用于扩张 - 在印度尼西亚设立销售办事处，购买机械和送货卡车并偿还银行借款。
通达集团董事经理廖俊伟表示，公司战略重点在于提升在印度尼西亚的市场影响力，并推动该国工业供应及油气领域的业务增长，印度尼西亚是这两个领域的重要市场。
在印度尼西亚开设办事处将使我们获得更多的增长和营销机会。市场也会更了解我们。
他补充说，之所以将重点放在东南亚，是因为该地区对其产品和服务有着巨大的潜力和需求。
廖先生表示，通达集团的业务不会受到美国对钢铁征收关税的影响，因为其业务主要集中在东南亚市场。
截至2024年12月31日的最新季度业绩，通达集团实现净利润372万令吉，营收达9556万令吉。
2024财年的净利润为1324万令吉，而营收为 3.445亿令吉。
达证券(TA Securities)、鼎峰证券 (Apex Securities) 和乐天交易 (Rakuten Trade) 给予该公司的目标价格区间为33仙至35仙之间。
上市日总有交易机会。
立即通过乐天交易，交易通达集团（SALIRAN，0346），享受免佣金交易* | *T&C Apply
Oversubscribed by 76.03x at IPO price of RM0.27 with a market capitalisation of RM103 million.
It is raising RM21.71 million from this listing exercise for business expansion - setting up sales office in Indonesia, purchasing machinery and delivery truck and repay bank borrowings.
Saliran managing director Dennis Liaw Choon Wei said the company wants to boost market awareness and business growth in Indonesia, a key market in the industrial supply and O&G sectors.
"Opening a field office in Indonesia will enable us to have more growth and marketing opportunities. The market will get to know us better,"
He added the focus on South-East Asia was due to the high potential and demand for its product and services in the region.
Liaw said Saliran’s business would remain unaffected by US tariffs on steel as its operations are mainly focused in the South-East Asian market.
For the latest quaterly result 31 December 2024, Saliran Group Bhd reported a net profit of RM3.72 million on the back of RM95.56 million revenue.
FY2024 net profit was RM13.24 million while revenue was RM344.5 million.
TA Securities, Apex Securities and Rakuten Trade have given a target prices of between RM0.33 - RM0.35
There will always be trading opportunities on listing day.
Trade Saliran Group Bhd (0346) today with Rakuten Trade and get brokerage free trades* | *T&C Apply
通达集团 (Saliran Group Bhd, 0346) 是一家主要为石油和天然气（O&G）行业提供管道、管件和法兰的知名供应商和经销商，今天将在大马交易所创业板(ACE) 首次亮相 。
该公司以27仙的发行价格获得76.03倍超额认购，市值达1.03亿令吉。
该公司从上市中筹集了2171 万令吉资金，主要用于扩张 - 在印度尼西亚设立销售办事处，购买机械和送货卡车并偿还银行借款。
通达集团董事经理廖俊伟表示，公司战略重点在于提升在印度尼西亚的市场影响力，并推动该国工业供应及油气领域的业务增长，印度尼西亚是这两个领域的重要市场。
在印度尼西亚开设办事处将使我们获得更多的增长和营销机会。市场也会更了解我们。
他补充说，之所以将重点放在东南亚，是因为该地区对其产品和服务有着巨大的潜力和需求。
廖先生表示，通达集团的业务不会受到美国对钢铁征收关税的影响，因为其业务主要集中在东南亚市场。
截至2024年12月31日的最新季度业绩，通达集团实现净利润372万令吉，营收达9556万令吉。
2024财年的净利润为1324万令吉，而营收为 3.445亿令吉。
达证券(TA Securities)、鼎峰证券 (Apex Securities) 和乐天交易 (Rakuten Trade) 给予该公司的目标价格区间为33仙至35仙之间。
上市日总有交易机会。
立即通过乐天交易，交易通达集团（SALIRAN，0346），享受免佣金交易* | *T&C Apply
Global corporate credit quality rebounds five years after pandemic impact but some sectors remain affected — Moody's
https://theedgemalaysia.com/node/747833
https://theedgemalaysia.com/node/747833
The Edge Malaysia
Global corporate credit quality rebounds five years after pandemic impact but some sectors remain affected — Moody's
KUALA LUMPUR (March 13): Five years after the onset of the Covid-19 pandemic, the global economy has largely recovered, with corporate credit quality making a strong comeback, according to Moody’s Ratings.