Follow Us For The Latest Updates

Follow Us For The Latest Updates

Market down, but M+ Wiz positive

First of all, the market turned negative amid profit taking activities. However, what we have selected for M+ Wiz list was with a good recovery theme in it as well as some sectors with earnings certainty. Our picks are

After a euphoric buying on the FBM KLCI members, pushing the key index more than 3% in a single day, the key index has taken a beating on the back of profit taking activities. Meanwhile, on the Bursa Exchange, the broader market was fairly mixed.

There was several news that triggered the volatility in the market and the vaccine hopes soared when Pfizer-Biontech vaccine candidate was found to be more than 90% effective in preventing COVID-19 in participants without evidence of prior SARS-CoV-2 infection in the first interim efficacy analysis.

So most of the market players were rotating from healthcare into the recovery themes such as aviation, leisure and banking related sectors. 

So what is good in our list after the euphoric buying?

First of all, the market turned negative amid profit taking activities. However, what we have selected for M+ Wiz list was with a good recovery theme in it as well as some sectors with earnings certainty. Our picks are KGB, THPLANT, CARIMIN, DAYANG, MMCCORP and HEXTAR. 

At this moment of writing, only 3 got triggered with a buying alert. So we will post some of the examples in this blog post for your reference. 

MMCCORP – Continued to breakout of its recent high after a steady momentumSource: M+ Wiz

THPLANT – Triggered after a flag formation breakout

Source: M+ Wiz

KGB – Triggered near RM1.40, highest point hit was RM1.61 (at the time of writing)

Source: M+ Wiz

Although the market was negative, with the M+ Wiz Pro tool you will be able to trade like a wizard, reading the market trend with a snap of the finger. 

Again, we emphasize that the examples above are not a recommendation for buying and selling purposes, please take advice from your brokers to get a clearer picture of the market before making any important decisions in the market. 

Do follow our M+ Wiz highlights webinar every Monday at 1230pm. To stay up to date with us, like and follow us on facebook at M+ Online

M+ Wiz – The tool to filter the market REAL-TIME!


Share on facebook
Share on twitter
Share on linkedin
Share on telegram

More Posts

market pulse

Bargain hunting may take shape

In contrast with the regional gains, the FBM KLCI failed to sustain its intraday gains as the key index slipped into negative territory during the final trading hour. We expect the arrival of the second batch of Pfizer-BioNTech vaccine today and the vaccine distribution to different states will continue to attract buying interest in recovery-theme stocks moving forward. Meanwhile, crude oil price continued to remain firm above the USD65 level for the time being. Also, traders will focus on high earnings certainty sectors during this reporting season.

Leong Hup International Bhd – 24th Feb 21

Regionally, LHI plans to (i) strengthen their ready-to-eat (RTE) and ready-to-cook (RTC) products in Singapore market, (ii) improve production of aquatic feed in Vietnam operations and (iii) capitalise on the stability of poultry prices stemmed by the Indonesia’s government effort to enforce aggressive culling activities and improve feed volume to capture additional market share.

technical focus

Technical Focus – PPHB

Primarily focused on the production and sale of paper packaging products and is supported by seven manufacturing plants in Malaysia and two sales offices in Malaysia and Singapore. Offers JIT (Just–In-Time) services, Total Packaging Concepts, Designing & Supply Chain Management. Solid balance sheet with a net cash position of RM48.7m in FY20, translating to net cash per share of 25.8 sen (c.25.3% of share price). Technically, a breakout above RM1.03 may target the next resistances at RM1.08-1.17, with long term target at RM1.25.

market pulse

Corporate earnings in focus

Selling pressure in glove heavyweights triggered as Covid-19 could come to an end with the arrival of Covid-19 vaccine. Despite selling activities on Wall Street overnight, we believe there could be some fresh buying support given the IDSS and PDT short sale have been extended for another 6 months. We believe traders may lookout for bashed down stocks yesterday. Also, we observed that the Brent oil price has climbed strongly overnight above USD65.