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Still on Pullback Mode

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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 – 25th Nov 20

A leading content and consumer company, serving 5.7m or 75.0% of Malaysian households. Stay at home trend saw the streaming services, AstroGo recorded 65.9% YoY growth to 1.4m active monthly users in 1HFY21. Home shopping and commerce business segment; Go Shop recorded its strongest revenue in 2QFY21 at RM145.0m (+59.3% YoY). Technically, the flag-formation breakout above RM0.795 may lead to further upside with next resistances at RM0.84-RM0.88 with long term target at RM0.945.

market pulse

Escalated selling activities

Selling pressure across the board escalated as the FBM KLCI underperformed its regional peers to finish sharply lower yesterday. Market sentiment has turned dour as the recent spikes in Covid-19 cases are dampening the prospects of economic recovery. Meanwhile, the uncertainty over voting of Budget 2021 deters investors to take further positions. We leave our views unchanged that the lower liners are toppish, hovering largely in the overbought territory that may see further pullback over the near term.

Get Wiz

Another option to spot for decent entries

This is because not all the stocks being chosen will perform during that particular day, thus it may be triggered in the following 5 days due to the ongoing trading activities on those stocks that we have picked. 

Let us show you one of the counters that we have put in on 17th of November – APPASIA

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