Follow Us For The Latest Updates

Follow Us For The Latest Updates

Technical Focus – 28th Oct 20

LKL engages in the provision of medical/healthcare beds, medical equipment, composite dressing, medical peripherals and accessories and it is well equipped to undertake further expansion, targeting annual production capacity of 6,500 beds in FY22 (from 5,000 in FY20). Earnings growth will be supported by the acquisition of 60% equity stake in Tahmaz Meditech Sdn Bhd that comes with a minimum net profit of RM15.0m from FY22-FY24. Technically, a rebound above RM1.05 may target the next resistances at RM1.19-1.27 with long term target at RM1.43.
technical focus

Share:

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

More Posts

Serba Dinamik Holdings Berhad

The latest win is a testament of Serba Dinamik’s position as one of the major
players in the oil & gas industry. Assuming a burn rate of approximately RM400.0m
in December 2020, Serba Dinamik’s outstanding orderbook will come at RM18.3bn
by end-2020; within our assumption of RM18.5bn.

market pulse

Commendable breakthrough

The FBM KLCI delivered another commendable performance amid optimism that
Malaysia economy is widely touted to emerge from the Covid-19 pandemic slump
following the recent progress of Covid-19 vaccine developments. Still, we reckon
that the strong upsides may also attract quick profit taking activities over the
interim. At the same time, the lower liners are set for the extended rally that is
largely driven by the ample of liquidity as investors continue to seek for higher
yields investments.

market pulse

Market momentum still sturdy

The FBM KLCI edged mildly lower as sentiment turned downbeat as investors booked in gains from the previous session rally. While the local bourse is demonstrating some mild weakness, we reckon that the general recovery trend is still intact as the attention remains focus on the pace of economic recovery. The positive development over the Covid-19 vaccine will also continue to aid the recovery progress. Meanwhile, the lower liners are expected to charge higher, driven by the ample liquidity with the equities market remain in favour.

AME Elite Consortium Bhd – 2nd Dec 20

The proposed AME REIT would also provide stable and recurring income to investors, with at least 90.0% of its income to be distributed as dividends to unitholders. We note that slightly more than half of the current tenants of the industrial properties has more than 5 years of lease under their agreements. Additionally, AME REIT is expected to benefit from lower tax rate compared to prevailing corporate tax rate at an average of 23.4% recorded over the past 4 years.

technical-focus-28th-oct-20-m-online