Beyond 1,500 again - Market Pulse - M+ Online

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Beyond 1,500 again


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Serba Dinamik Holdings Bhd – 8th July 2020

We continue to like Serba Dinamik as one of the key players in the oil & gas industry, backed by its sturdy orderbook comprising of dozens of jobs from local and overseas that will provide long-term earnings visibility, coupled with the group’s ongoing effort diversification into businesses that generates long-term recurring income.

technical focus

8th July 2020 – Technical Focus

Advancecon Holdings Bhd (Advancecon) is regarded as one of the leading players, having over 25 years of experience in provision of earthworks and civil engineering services to the local construction industry. The group has and currently undertaking several notable projects such as property related projects such as Setia Ecohill, Setia Eco Garden and Cyberjaya Flagship Zone and infrastructure transportation projects such as West Coast Expressway, Lekas Highway and Pan Borneo Highway.

market pulse

Pullback in Store

We think that the pre-emptive move by Bank Negara may provide some support to the local market as investors shift their portfolio to alternative investments in search for higher yields. For now, a consolidation could be due following the recent stretch of rally that allows investors to digest the recent gains, while the renewed
volatility on Wall Street may permeates to stocks on Bursa Malaysia.

Chin Well Holdings Bhd – 7th July 2020

On a brighter note, the Vietnam operations were largely unaffected which may see the production of the reinforcement bar in Vietnam to US which may see shipment rising to approximately 600 tonnes by end-2020 from approximately 200 tonnes in 1Q2020. We see the improvement capitalizing from the US move to impose the antidumping taxes on threaded rods on countries like Thailand, Taiwan, India and China.