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Capturing some decent trends outside of Glove Stocks

From the way investors and traders are trading the stocks on Bursa Malaysia, we noticed healthcare specifically the gloves heavyweights are the one making strong and significant moves on the market. However, the objective of our M+ Wiz is to provide some alternative opportunities for the retailers.
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M+ Wiz – Capturing some decent trends outside of gloves stocks

From the way investors and traders are trading the stocks on Bursa Malaysia, we noticed healthcare specifically the gloves heavyweights are the one making strong and significant moves on the market. However, the objective of our M+ Wiz is to provide some alternative opportunities for the retailers. 

In our M+ Wiz list picks for the last 5 trading days, M+ Wiz has picked up good trading opportunities and there are certainly some good moves to ride along after they are being alerted by the machine. 

Here are some examples that were triggered by M+ Wiz today.

SERNKOU – Under furniture theme and being triggered around 

Source: M+ Wiz

ESCERAM – Glove-proxy on a breakout after a decent consolidation

Source: M+ Wiz

DNONCE – Being viewed as essentials (related to healthcare and high tech packaging)

Source: M+ Wiz

We will continue to monitor M+ Wiz and do several fine tunings (if needed), but for now it is serving its objective (to alert us for any opportunities) and manage to pinpoint decent timing for entries. 

Again, we highlight that these examples above are not a suggestion for a BUY or a SELL recommendation and it is more for a case study reference material for the future. 

Nevertheless, the idea of M+ Wiz is to mitigate the emotional risk and provide a decent confidence level to enjoy the trading journey and to be capable of selecting potential winning stocks on a daily basis. 

Say cheese to M+ Wiz in another few more days! Stay tuned

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market pulse

Still within consolidation mode

The FBM KLCI settled in red in tandem with the regional peers as selling pressure in the glove stocks returned, offsetting the gains on the banking heavyweights following the unchanged Overnight Policy Rate (OPR) by Bank Negara Malaysia. Tracking the losses on Wall Street overnight, we expect the local bourse may continue to consolidate further as market players are likely to trade on a cautious tone on the broader market. Nevertheless, we expect traders to position themselves for the recovery theme as Covid-19 vaccination is taking place. Meanwhile, the Brent oil price has surged firmly above USD65.

market pulse

Bank Negara’s OPR in focus

Bargain hunting activities emerged on the glove counters after more than one week of pullback, lifting the FBM KLCI and the healthcare sector higher. Market will be looking forward to the second Monetary Policy Committee meeting today to gauge market movements. However, economists anticipate an unchanged stance on the Overnight Policy Rate (OPR) amid expectation of an economic recovery. We believe the lower liners will continue to remain upbeat if the positive market sentiment persists. Meanwhile, the Brent oil price has seen a rebound.

market pulse

Streched valuations

Bucking the downturn across the regional markets, the FBM KLCI ended modestly higher as continued selling in glove heavyweights were offset by buying support in IHH and selected banking heavyweights. We believe the local bourse should trade in an upward bias tone following the change of MCO status for Selangor, Johor, Penang and KL. Meanwhile, the number of Covid-19 confirmed cases daily has dropped to year-to-date low. However, note that the negative sentiment on Wall Street overnight could cap the upside potential on the local front.

technical focus

Technical Focus – LHI

One of the largest fully integrated producers of poultry, eggs and livestock feed in Southeast Asia with strong presence in Malaysia, Indonesia, Vietnam and Singapore. Committed to expand the Malaysia, Philippines and Vietnam operations via additional capacities and infrastructures, whilst targets 160 Baker’s Cottage outlets by end-FY21 (from 103 outlets since end-FY20). Sequential earnings recovery is on the table, premised to the stabilising poultry prices in Malaysia as well as Indonesia in recent months. Technically, the flag-formation breakout above RM0.71 may lead price towards the immediate resistances at RM0.775-0.82, with long term target at RM0.885.

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