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Technical Focus – HARBOUR

An integrated logistics services provider, shipping and engages in construction works, heavy lifting and haulage as well as property development with established footprint extends across the Intra-Asia region. Capitalising on the increasing charter and freight rates that was stemmed by the global supply chain disruption following the shortage of vessels, coupled with the improving trade activities. Current price at RM1.01 is trading at a discount to its book value per share of RM1.12 which was recorded in 3QFY21. Technically, traders may anticipate for a short-term breakout above RM1.01, to target next resistances at RM1.06-1.13 with long term target set at RM1.20.
technical focus

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macquarie structured warrants 20200914

MYEG call warrants posted moderate gains

The HSI October futures had a choppy start last week with a 1.8% gain on Monday followed by a 1.4% loss on Tuesday. However, the futures saw strong buying interest after the Hong Kong market resumed trading on Friday, finishing the week on a positive note at 25,318 points, up 2.0% w-o-w.

technical focus

Technical Focus – HEXTAR

Over 500 products exported to countries like Vietnam, Hong Kong, the Philippines, Cambodia and Singapore through established distributors, hypermarkets, supermarkets and dealer network. Acquisition of Chempro Group and Noble group comes with a collective profit guarantee of an aggregate of RM81.0m over 3 years, while impending acquisition of ENRA Kimia Sdn Bhd will strengthen bottomline. Entered into a consortium agreement with Arcadia Acres and Ihsan Equity for the application a digital banking licence. Technically, traders may anticipate for a potential flag-formation breakout above RM1.42 to target the next resistances at RM1.50-1.55 with long term target at RM1.65.

market pulse

Heading back onto 1,600

The FBM KLCI advanced on Friday in tandem with the regional peers following the
positive cues from Wall Street lifted by optimism in the corporate earning seasons
as well as the improved labour data. We expect buying momentum to persist on
the local front following a streak of buying interest from foreign funds. Meanwhile,
the relaxation in SOPs and the movement of Klang Valley, Melaka and five other
states into the next phase of NRP would continue to drive the recovery theme
stocks. Meanwhile, both the CPO and crude oil prices rose; the latter is trading
above the USD85 per barrel mark at the time of writing.

market pulse

Still eyeing 1,600

The FBM KLCI took a breather following a seven-day winning streak, as the key
index retreated from the 1,600 psychological level on the back of profit taking
activities. However, tracking the strong gains from Wall Street overnight, we expect
local equities to gain momentum and investors could focus on the upcoming
Budget 2022 beneficiaries, which we anticipate some goodies to be revealed for
construction, telecommunication, and solar sectors. Commodities wise, the CPO
price declined after a surge in the previous session, while the crude oil price
rebounded above the USD84 per barrel mark.

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