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Gloves up again

Although most of the key index components trended lower, the FBM KLCI managed to trend higher owing to gains in glove heavyweights as the number of Covid-19 cases across the globe remained elevated. In the meantime, FTSE Russell has retained Malaysia bonds in the watch list will provide some alleviation for the prospects of further foreign capital flight. The lower liners and broader market shares are expected to experience a consolidation phase as investors may turn more defensive ahead of the Sabah state election over the weekend.
market pulse

Marred by political uncertainty

Following the renewed local political uncertainty, coupled with the dour note set by Wall Street overnight, we see the FBM KLCI to endure further volatility. The selling was more pronounced as foreign funds (YTD: outflow of RM21.65bn) continue to shy away from Malaysia equities. The lower liners and broader market shares will remain under pressure as sentiment turned dour as of late, while investors will be keeping an eye on the FTSE Russell decision on keeping Malaysia in the World Government Bond Index.
technical focus

Technical Focus – 23rd Sep 20

Established presence across regional markets; backed by notable clients include Infineon, Panasonic, Taiwan Semiconductor Manufacturing Company (TMSC), Seagate, Western Digital and Biocon. Supported by outstanding orderbook of RM488.0m to provide earnings visibility over the next 12-18 months. KGB has maintained a healthy balance sheet with a relatively low net gearing of 0.1x in 2QFY20. Technically, a breakout above RM1.18 may signal for further upside towards the next resistances at RM1.24-RM1.27 with long term target at RM1.33.
market pulse

Finding stability

Despite yesterday recovery which was mainly led by bargain hunting activities, the near term outlook remains indifferent with uncertainties remain on the table. We also note that significant upsides over the near term will be capped by the lack of fresh catalyst which may keep investors at bay. In the meantime, the lower liners are also going on an extended consolidation spell as traders were quick to lock in any profits.
market pulse

Accelerated selling

Following the tepid market sentiment, we continue to see the local bourse to undergo an extended downward bias consolidation spell. The uncertainty in both domestic and overseas political avenue, rising number of Covid-19 cases and toppish market condition continues to weigh on the performance on the local bourse. The lower liners were not spared as trading activities starts in taper ahead of the end of blanket loan moratorium.
macquarie structured warrants 20200914

Warrants over glovemakers remain in focus

The Malaysian warrants market saw a dip in trading last week with the total warrants turnover coming in at RM932.2mil, down by approximately 10.4% from RM1.04bil a week ago due to a shorter trading week in conjunction with the Malaysia Day holiday on 16 September. Warrants over Malaysian shares were still the major contributor to the total warrants turnover making up approximately 93.3% with a total value traded of RM869.6mil, followed by warrants over the Hang Seng Index (HSI) which recorded a total value traded of RM56.8mil, approximately 6.1% of the total warrants turnover.
wiz-plantation-stocks

A good week for Plantation Stocks?

Shown in the figure below, we noticed the strong trend for the FCPO since the range of RM2795-2800 to above RM3000, closing at RM3080 last Friday and we believe this trend may still sustain over the near term, targeting RM3150 and longer term target will be set around the RM3400 level. With the firm trend in FCPO, traders would have noticed the buying support for plantation has grown in the past few trading days on Bursa Exchange.
market pulse

Not ripe for further recovery

The consolidation on the local bourse is expected take shape over the foreseeable future amid the lack of fresh leads. Still, we believe that the movements of glove heavyweights will continue to dictate the direction on the key index. Elsewhere, we see rotational play amongst the lower liners to stand pat amid the positive market breadth, whilst retail players continue to seek for higher yield investments.
technical focus

Technical Focus – 21st Sep 20

Ranked as the fourth largest cocoa grinder in the world with total cocoa processing capacity of 250,000 MT p.a. New cocoa processing plant in Cote D’Ivoire coming on stream in 2H2021 brings additional grinding capacity of 60,000MT p.a. Demand expected to remain resilient premised to the improved retail sales spending as economic across the globe begun gradual re-opening of economic activities in 2Q2020. Maintained a healthy balance sheet with net gearing standing at 0.3x as of 2QFY20 with prospective decent dividends yields FY21f and FY22f at 2.7-4.0%. Technically, a breakout above RM3.33 may drive share price higher towards the next resistances at RM3.53-RM3.67 with long term target at RM3.79.
market pulse

Rebound taking a pause

After marching higher for three consecutive days, the FBM KLCI appears to have taken a breather, allowing earlier gains to be digested whilst re-asses the current market condition. We reckon that a consolidation may take shape in view of the lack of fresh leads. The renewed volatility will keep traders on their toes as quick profit taking activities may limit any significant upsides over the near term.
technical focus

Technical Focus – 17th Sep 20

Crude palm oil prices (CPO) have now soared beyond RM2,900/MT level; the highest since January 2020 amid the improving demand prospects. The positive momentum is driven by the lingering trade spat between US and China which will see the latter shifting their purchases to CPO as opposed to soybean. On the local front, the export tax exemption since Jun-2020 till end-2020 will drive price to be competitive at international levels. We reckon the demand will be sustainable, premised to the recent strings of better-than-expected economic data from China with palm oil shipments from Malaysia during the period 1-15 September 2020 rose 12.4% MoM to 780,305 tonnes.
market pulse

Still on ascend

We see the positive sentiment to take charge over the foreseeable future as investors returned to bargain hunt on beaten down stocks, but we caution that significant gains would likely to be choppy. The positive momentum continues to be spurred by the stronger-than-expected economic data worldwide. At the same time, the impending release of Top Glove Corporation Bhd’s quarterly financial performance may also provide fresh legs to extend the upside.
market pulse

Inching higher

The FBM KLCI remained upbeat with investors continue to seek for higher yields in the equities markets. Tracking the gains on Wall Street overnight, the positive momentum may spill over to the local bourse. Meanwhile, the robust trading sentiment will continue to see rotational play on the table over the near term. However, we also see bouts of quick profit taking activities ahead of the mid-week break.

Soft landing after a choppy trading week

Throughout the week, we believe those that follow us on M+ Wiz may face some challenges entering and exiting your position due to the negative market forces that continue to selldown stock market. The selling was rampant across the board and healthcare segment to a big hit last week, down11%, while technology stocks fell 5.5%.
macquarie structured warrants 20200914

Supermax and Top Glove call warrants stole the limelight

The Malaysia warrants turnover jumped 56.8% to RM1.04bil. from RM662.82mil a week ago due the drastic increase in trading activities in warrants over Supermax Corporation, Top Glove Corporation and Hang Seng Index (HSI). The trading in warrants over Malaysia stocks was the biggest contributor last week with RM980.43mil. traded followed by the HSI warrants which saw RM75.81mil. traded.
technical focus

Technical Focus – 14th Sep 20

Given that there are no signs of abating in the new numbers of Covid-19, we see demand for personal protective equipment (PPE) to remain sturdy overtime. According to Statista (German market data specialist), global PPE market is expected to balloon from US$52.0bn in 2019 to US$93.0bn in 2027. Concerns over the confirmed Covid-19 cases (more than 200,000 daily since 20-Jul-20) likely to ensure demand remains intact. The retracement in gloves-related stocks in recent weeks suggests that weakness is likely to be overdone, primed for recovery. Also, we see valuations have turned more compelling at current juncture.
market pulse

Recovery in store

We see signs on changing tides as the FBM KLCI will be largely dictated by the movement in glove maker heavyweights. Gains across overseas markets may provide some stability over the near term, but we do not discount further volatility ahead due to a barrage lingering uncertainties. At the same time, the positive sentiment transpired to gains across the lower liners as investors bargain hunt on the recent selldown.
market pulse

Mild bargain hunting activities may emerge

Given the decline move on Wall Street, we believe the FBM KLCI’s upside could be limited and traders are advice to trade only on those fundamentally sound stocks as both the FBM Small Cap and FBM ACE are trending lower at this moment. Hence, probability of making gains over the near term could be rather limited.
market pulse

Bank Negara in focus

Tracking the gains on Wall Street overnight, the FBM KLCI may stage a recovery back above the 1,500 level. The lower liners that were in a purple patch in recent days may also find some support as bargain hunting activities comes into centre stage. In the meantime, investors will be keeping an eye on Bank Negara monetary decision today.
week smoothly wiz pro

Starting the week smoothly despite weaker sentiment

We have been facing some headwinds in the market since last Friday on the broader market and we noticed trading volume and value on the Bursa Exchange have been lower over the past four trading days, the trading volume was below 10bn shares traded, while trading value was below RM5bn as compared to a week ago. We believe this coincides with the lifting of loan moratorium this month and market participants could have started to trade slower and reduce their exposure in the markets to repay their loans.
technical focus

Technical Focus – 9th Sep 20

The recent volatility has sent stocks across Bursa Malaysia into a bloodbath as investors scrambled to offload their holdings for various reasons such as the souring US-China trade relations, domestic political uncertainty, mixed bag of economic data and toppish valuations following the run-up in recent months. We reckon that choppiness may prevail as investors are also taking this opportunity to offload their holdings ahead of the end of blanket loan moratorium. At the same time, investors are opting to stay at the side lines due to the lack of fresh catalysts.
market pulse

Re-testing 1,500

We see the consolidation to linger over the near term on the FBM KLCI as gains will be measured by the weakness from glove heavyweights. For now, any strong recovery will be tempered by quick profit taking activities. The lower liners may continue to endure a rough ride on the back of the negative market breadth, although there are some pockets of opportunities for a rebound play.

Datasonic Group Bhd – 8th Sep 20

DSONIC is banking on four major national projects, namely; (i) National Integrated Immigration System, (ii) i-KAD project, (iii) Digital MyKad (e-KYC) project and (iv) Electronic Medical Records (EMR). We believe the current outstanding orderbook is able to provide earnings visibility for the next 3-5 years. Although earnings may be subdued in FY21f, we reckon a strong recovery will take place in FY22f, increasing by 157.6% YoY to RM70.1m. DSONIC could justify by pegging its FY22f EPS of 5.2 sen to P/E of 31.0x (+1 SD against 5Y historical average of 25.0x), arriving at a fair value of RM1.61.
market pulse

Attempting for a rebound

The lack of fresh leads kept investors at bay as the recent batch of corporate earnings offers little direction on the prospects of swift economic recovery. For now, we reckon that a consolidation on the local bourse remain on course over the foreseeable future. At the same time, the negative market sentiment is deterring the sustainability of the buoyant trading momentum, as traders brace themselves towards the end of blanket loan moratorium.
technical focus

7th Sep 2020 – Technical Focus

100% export oriented furniture manufacturer with products sold mostly to countries in the Middle East and Asia Pacific countries. Rapid shift of companies moving to working from home, in an effort to maintain business continuity ensures higher demand. Meanwhile, Spring Art will expand product range by releasing four new collections annually, focusing on living room furniture and bedroom furniture. Technically, price has formed a flag-formation breakout above the daily EMA20 level which share price may propel higher towards the next resistances at RM0.265-0.275 with long term target at RM0.30.
market pulse

Monitoring 1,500

After last week’s dour performance, we think that volatility will remain on the table, although any potential recovery will be measured for the time being in view of the lack of fresh leads. Investors may turned more risk averse as demonstrated by the slower trading activities, waiting for stability to kick-in. We are also cautious on the falling trading activities that indicate investors turning more risk averse for the time being.
market pulse

Renewed volatility

It appears that the downside momentum may linger given that the FBM KLCI failed to build onto its previous session gains. We opine that the renewed volatility across global equities may send the local bourse to end the week on a soft footing. Meanwhile, the lower liners could also be due for a pullback, premised to their toppish valuations.
market pulse

Turning the tide

The FBM KLCI appears to have found its footing as the key index staged a solid recovery from near the oversold region. We expect more gains to come by on the recent positivity on the Covid-19 situation, whilst capitalising on the positive global economic data. Also, we see the lower liners continue their quest on recovery driven by the ample trading liquidity rising on the upbeat market undertone.
technical focus

2nd Sep 2020 – Technical Focus

With gold price hovering near US$2,000, we see the safe haven commodity relatively attractive as a hedging tool against the toppish market condition. We reckon that the economic recovery to remain in a choppy mode following US Federal Reserve stance on interest rate direction over the next two years.
market pulse

Still subdue

It was another lacklustre performance on the FBM KLCI as strong gains at the start of the trading bell were tempered by quick profit taking activities. While we do not discount the possibility of a recovery from the last week steep falls, gains will be measured with the wariness still very much a feature of the current market environment. On the other hand, we continue to see the lower liners faring on a better note backed by the extended rotational play.
market pulse

Dragged down by portfolio re-balancing

The sluggish performance on the local bourse marred by the quarterly MSCI rebalancing may see recovery at the start of the week. Still, remain cautious over uncertainty on the US Federal Reserve remarks that economic outlook will remain frail with interest rates to stay low in the next two years. Nevertheless, ample of liquidity in the equities market will keep trading opportunities in a sweet spot.
technical focus

1st Sep 2020 – Technical Focus

A key player in the Electronics Manufacturing Services (EMS) space in Malaysia for the manufacturing and assembly of surface mount technology and PCBA assembly for LED lighting modules. Technically, short-term trendline breakout above RM1.69 may propel share price higher towards the next resistances at RM1.88-RM2.00 with long term target at RM2.20.
market pulse

Finding A Footing

Expectedly, mild gains took place as investors remain cautious on the sluggish corporate earnings undertone in general. We think that the FBM KLCI may continue its quest to find stability investors with market recovery to be choppy owing to the weakness in Genting-related financial performance. At the same time, the strong trading interests (trading volume above 10.0bn) powered by rotational play amongst the lower liners may continue to dominate the trading scene.

Kimlun Corporation Bhd – 28th August 2020

Kimlun Corporation Bhd’s 2QFY20 net loss stood at RM9.7m against a net profit of RM13.4m recorded in the previous corresponding quarter, due to the shutting down of the operations except for the minimum permitted critical works such as slope protection and delivery of products for permitted critical works. Revenue for the quarter declined 71.1% YoY to RM94.0m. For 1HFY20, cumulative net loss stood at RM3.1m vs. a net profit of RM29.4m recorded in the previous corresponding quarter. Revenue for the period contracted 47.3% YoY to RM339.3m.

Suria Capital Holdings Bhd – 28th August 2020

Suria Capital Holdings Bhd’s 2QFY20 net profit fell 60.0% YoY to RM5.8m due to lower contribution from all the four major business segments that were impacted by global supply chain disruption. Revenue for the quarter decreased 33.5% YoY to RM46.5m. For 1HFY20, cumulative net profit contracted 45.8% YoY to RM16.3m. Revenue for the period declined 25.7% YoY to RM103.5m.

OCK Group Berhad – 28th August 2020

OCK Group Bhd (OCK) 2QFY20 net profit declined 8.5% YoY to RM6.4m, mainly dragged by the weakness in mechanical & electrical engineering services segment on the back of closure of project sites due to implementation of Movement Control Order. Revenue for the quarter slipped 6.8% YoY to RM108.0m. For 1HFY20, cumulative net profit climbed 5.3% YoY to RM13.0m. Revenue for the period, however, contracted 1.0% YoY to RM217.2m.

Chin Well Holdings Bhd – 27th Aug 2020

Following two consecutive bleak quarters (which close to 90% of worksites were halted), we expect recovery to take place on the back of the resumption of operations whilst the group will be kept busy to fulfill backlog orders. Still, the recovery is expected to be soft as companies scaled down their operations.

Protasco Bhd – 27th Aug 2020

 Protasco Bhd's 2QFY20 net loss stood at RM1.7m vs. a net profit of RM2.8m recorded in the previous corresponding quarter, dragged down by the lower contribution across all but the maintenance segment. Revenue for the quarter decreased 8.8% YoY to RM171.9m. For 1HFY20, cumulative net loss stood at RM4.2m against a net profit of RM4.0m recorded in the previous corresponding quarter. Revenue for the period slipped 13.5% YoY to RM354.9m.

Econpile Holdings Bhd – 27th Aug 2020

Econpile Holdings Bhd's 4QFY20 net loss stood at RM16.5m vs. a net profit of RM23.2m recorded in the previous corresponding quarter, dragged down by the enforcement of Movement Control Order (MCO) that affected construction activities. Revenue for the quarter sank 82.6% YoY to RM30.7m.
market pulse

Signs of rebound

After three consecutive days of pullback, we think bargain hunting activities may emerge, albeit at a mild level to provide some support to the local bourse. Still, the barrage of sluggish corporate earnings may cap further gains from the recovery. Meanwhile, we see the stocks that delivered stronger-than-expected corporate earnings to keep trading activities at a healthy level.

Serba Dinamik Holdings Bhd – 26th Aug 2020

Moving forward, Serba Dinamik will continue to eye its overseas expansion, focusing in the Middle East countries following the latest contract win. Together with the acquisition of Teluk Ramunia Yard in 3Q2020, the waste water treatment plant under progress and Pengerang Integrated Development remains on track for completion by 1Q2021, whilst the Bintulu Integrated Energy hub will provide long term recurring income for the group.

Leong Hup Intl Bhd – 26th Aug 2020

The expansion of downstream segment (The Bakers Cottage) will provide some stability should broiler prices were to trend lower. Demand is expected to remain sound on the back of the relatively cheaper selling prices as oppose to their peers in the F&B space. At the same time, we reckon that the improvement from feedmill segment will cushion any weakness from the livestock segment.
technical focus

26th Aug 2020 – Technical Focus

Largest hospital support service player in Southeast Asia having serve over 300 hospital beds across several countries such as Malaysia, Singapore, Indonesia, Taiwan, India and United Arab Emirates. More than 30 years of experience in highway maintenance having managed and maintained over 3,100km of expressways in Malaysia and Indonesia.
market pulse

Lingering Dour Tone

Investors are using this opportunity as an excuse to lock in recent gains on the back of the sluggish quarterly financial performance, in general. We reckon that the downward bias consolidation may linger but weakness will be cushioned by the higher crude oil prices. The negative momentum on Bursa Malaysia may also keep any strong gains at bay with quick profit taking activities in the horizon.
market pulse

Not out of the Woods

The FBM KLCI failed to build onto its previous session gains and may remain on a sideways mode for a longer period. We reckon that the potential vaccine for Covid-19 being fast-tracked may continue to weigh on the underperformance in glove related stocks. Despite that, it was a tale of two half with the lower liners continues their quest of recovery supported by the buoyant trading activities.
macquarie structured warrants 20200914

Warrants over glove makers remain in the spotlight

The third week of August saw the overall warrants turnover dropping by 9.7% to RM930.5mil, largely due to a shortened trading week in conjunction with Awal Muharram on Thursday. Warrants over Malaysian shares remained the major contributor to the total warrants turnover for the week making up approximately 95.2% of total warrants turnover at RM885.8mil, followed by warrants over the Hang Seng Index with RM38.0mil (4.1%) and other index warrants which made up the balance.
technical focus

24th Aug 2020 – Technical Focus

I-Stone is one of the key players in the design, manufacturing and modification of specialised automation machines. Proxy to the rising adoption of automation amongst companies in order to improve production efficiencies & capabilities and to intain a leaner operational cost structure.
market pulse

Still Lacklustre

With the lack of fresh leads, the FBM KLCI may linger within a tight range as gains will be tempered by quick profit taking activities. As it is, investors will continue to digest the barrage of corporate earnings releases to re-asses their investment strategies. We also see trading activities among the lower liners to remain vibrant, supported by the uninterrupted liquidity as investors continue to seek for higher yields in the equities market.
Get Wiz

Good ending for the week after gloves and healthcare rebounded

Throughout the past few weeks, we have observed Lumber futures traded to all time high and firmly standing strong within that region. Meanwhile, we have seen some net buying moments from the foreign investors based on what we can gather from Bursa Malaysia’s website.
market pulse

Mixed Signals

We see the consolidation on the local bourse remain in shape for longer as investors remain cautious on the current market undertone. On a brighter note, the signs of positive developments between US and China trade talks may provide some fresh impetus on the recent consolidation. Also, the higher-than-average trading liquidity will continue to spur rotational play amongst the lower liners, keeping the market undertone on healthy level.
technical focus

19th Aug 2020 – Technical Focus

One of the largest thermoform F&B packaging manufacturers in Malaysia with extrusion capacity of 67.6m kg per annum following the expansion the new Kulai plant in 4Q2019. Proxy to the rising demand for consumer trend of takeaway and ready-to-eat meals under new normal environment.
market pulse

Building Momentum

With the FBM KLCI attempting to find stability, we reckon that the sentiment will remain largely dictated by the movement of glove-heavyweights. Still, we think that further gains will be choppy owing to the quick profit taking activities as investors have now turned cautious on the recent volatility. Meanwhile, the improved trading sentiment alongside with trading activities will continue to ensure liquidity and sustain the historically higher-than-average retail participant rate.
market pulse

Return of Foreign Funds

While the FBM KLCI is attempting to find stability, rotational play amongst the lower liners will keep trading activities at a healthy level, particularly the recovery from technology sector. At the same time, the return of foreign funds in recent days is a testament of the resilient demand of Malaysia equities on the expectations of economic recovery.
technical focus

17th Aug 2020 – Technical Focus

After delivering the weakest quarterly performance since 3QFY14 with net profit only came in at RM7.0m in 4QFY20, we believe that a recovery is largely in place in subsequent quarters owing to the resumption in work since 1st May 2020 that will improve production capacity, coupled with the newly production of battery packs that will improve margins, going forward.
market pulse

Momentum Still Weak

Expectedly, quick profit taking sent the FBM KLCI alongside with major indices to close in the red. The weakness was compounded by the sluggish 2Q2020 GDP growth data that came below consensus expectations. Moving forward into the final two weeks of the month, we think that investors will be focusing on a barrage of corporate earnings data that is expected to be as dour on the whole, in tandem with the recent release of Malaysia’s GDP data.
macquarie structured warrants 20200914

Supermax and HSI warrants in focus

Overall warrants turnover for the second week of August saw a huge drop, falling by 38.4% to RM1.03bil, mainly due to the sharp decline in trading activity of warrants over Malaysian shares which recorded a turnover of RM846.0mil, a 45.4% decrease from the week prior. Trading activity in the Hang Seng Index (HSI) warrants however surged with the turnover soaring 50.1% week-on-week (w-o-w) to RM186.5mil.

Rotational moves in the Market

We have been monitoring the retailers’ trading participation over the past week, the 5-day average participation rate continued to stay above the 45% (at one point it touched the 48.2% level). This is considered euphoric to us, but we think selectively there are still plenty of opportunities on Bursa Malaysia stock exchange.
market pulse

All Eyes on GDP Data

After some hiccups in recent days, investors have now begun to bargain hunt on beaten down glove-related stocks. While we think that quick profit taking may set in with the outlook remain indifferent weigh-down by on-going Sino-US geopolitical concerns and rising number of Covid-19 cases, the recent buying from foreign funds may provide some stability. Meanwhile, investors will be keeping an eye on the release of 2Q2020 Malaysia GDP data which is widely touted to be the first contraction since 3Q2009.

Teo Seng Capital Bhd – 13th Aug 2020

Teo Seng Capital Bhd’s (Teo Seng) 2QFY20 net profit fell 37.4% YoY to RM3.2m, dragged by the weakness in the poultry farming segment due to decline in average selling price (ASP) of chicken eggs, coupled with decrease in sales quantities of eggs. Revenue for the quarter decreased 0.4% YoY to RM120.8m.
market pulse

Signs of Recovery

We reckon that a recovery may kick off supported by the gains across financial stocks that may provide some cushion the pullback in glove heavyweights. Likewise, investors will also be taking the opportunity to bargain hunt on beaten down stocks backed by the higher-than-average liquidity, but we caution that quick profit taking activities are still on the horizon.
market pulse

Still Under Pressured

With the lack of fresh impetus, we think that the consolidation may continue to be a feature, while the impending batch of corporate earnings may see any gains to be tempered by quick profit taking activities. At the same time, the weakness on Wall Street overnight may permeates to stocks across Bursa Malaysia. Still, we think that rotational play amongst the lower liners will keep trading activities at an elevated level.
technical focus

12th Aug 2020 – Technical Focus

Demand for crude oil is expected to improve over the foreseeable future, backed by the positive streak of China’s economic data that suggest the world’s biggest oil consumer may ramp up their purchases. At the same time, Iraq’s move to pledge their support by cutting additional 40,000 barrels/day may provide some alleviation to the on-going demand-supply imbalance.

Sarawak Consolidated Industries Bhd

SCIB operates 4 factories producing precast concrete products in Kuching, Sarawak with a total capacity of 500k MT per annum. All these years, this segment is the bread and butter for SCIB, generating revenue of around RM57-86m in FY16-19.

Hartalega Holdings Bhd – 11th Aug 2020

 Hartalega Holdings Bhd's subsidiary Hartalega NGC Sdn Bhd has proposed to acquire a 60.6-ac. tract of land in Sepang, Selangor, from Kumpulan Tanjung Balai Sdn Bhd for RM158.3m. The industrial land is a sub-divisional tract that forms part of a larger plot measuring 126.1-ac. and is located adjacent to the existing NGC Sepang.

Kimlun Corp Bhd – 11th Aug 2020

Kimlun Corporation Bhd will pay RM40.0m cash for a 49.0% stake in property developer Bayu Damai Sdn Bhd (BESB), which is in the midst of acquiring nine plots of land in Alam Damai, spanning 43.5-ac. for RM95.0m.
market pulse

Bargain Hunting May Emerge

Expectedly, quick profit taking activities emerged as investors offload from the recent rally. With the indifference still a feature, we see Malaysian equities maintaining their consolidation for longer to digest the recent gains. While there could be mild bargain hunting taking place, investors will be watchful on the upcoming batch of corporate earnings that is reflective of the full impact stemmed from Covid-19.
macquarie structured warrants 20200914

Glove makers continue to steal the show

It was a roaring start for the month of August with the total warrants turnover clocking in RM1.6bil in the first week of the month. Warrants over Malaysian shares remained the biggest contributor comprising approximately 92.8% of the total warrants turnover, followed by warrants over the Hang Seng Index (HSI), which contributed 5.3% while warrants over the FBM KLCI, S&P 500 Index and iShares FTSE A50 China ETF made up the balance of the total warrants turnover.
technical focus

10th August 2020 – Technical Focus

The rise in the adoption of paper products are also on an upward scale in recent times. Already, Nestle Malaysia has reported that the group will be implementing 100% paper straws for all their ultra-high temperature (UHT) products by end-2020 will attribute to greater demand for paper packaging materials.
market pulse

Sentiment Remains Subdue

Although the trading activities rose to fresh record high, we see signs of pullback taking shape as traders were quick to lock in gains in the overheating market environment. On the local bourse, the lack of fresh catalyst and political uncertainties may keep any gains in check. We also think that a pullback is due owing to the overbought condition amongst the lower liners as evident on the negative market breadth.

Serba Dinamik Holdings – 7th August 2020

 We are upbeat on the abovementioned contract secured and will strengthen the group’s outstanding orderbook to approximately RM18.50bn, providing earnings visibility till 2026. Breakdown of the existing orderbook; 50.0% from EPCC, 40% from O&M and 10% from ICT.
market pulse

Recovery in Place

We see the liquidity driven market with trading volumes at fresh new high to play a key role for further upside on stocks across Bursa Malaysia. Sentiment is also driven by the Ringgit that rose to 5-months high against the Greenback alongside with the higher crude oil prices. At the same time, investors will be keeping an eye on Malaysia’s unemployment rate as a gauge to the economic performance.
market pulse

Lower Liners in Focus

Although the local bourse remained under pressured, the lower liners may continue with their ascending move. We continue to think that the liquidity driven market with trading volumes at fresh record high again may provide further impetus to the lower liners over the near term. Additionally, the positive momentum from Wall Street overnight may permeates into stocks across Bursa Malaysia.

Hartalega Holdings Bhd – 5th August 2020

The average plant utilisation rate has improved to above 85% in FY20 which we see the uptick to continue to hit beyond 90% for existing capacities. Going forward, the rising number of infections from Covid-19 (2nd wave in several countries across the globe) will keep demand for healthcare related products at elevated level and we see Hartalega will continue to capitalise on the pandemic.
technical focus

5th August 2020 – Technical Focus

Crude palm oil prices (CPO) have now soared towards around the RM2,800 per tonne level; the highest in six months amid the improving demand prospects. The positive momentum is reflective of the Malaysian Palm Oil Council (MPOC) move to revise the price outlook to a high of RM2,994 per tonne, from RM2,594 per tonne announced earlier.
market pulse

Finding Stability

Expectedly, market sentiment was stabilised by the bargain hunting activities in selected index heavyweights yesterday. Still, investors are wary ahead of the upcoming batch of quarterly earnings results that kicked off this week. Elsewhere, we see rotational play amongst the lower liners to dominate the market sentiment with trading volumes rising to fresh record high again.
market pulse

Weakness Prevails

We reckon that the FBM KLCI will remain in the consolidation mode with mild bargain hunting activities to take precedence. Any weakness is likely to be cushioned by gains in glove heavyweights. On the other hand, the lower liners, particularly FBM ACE stocks will be spurred by the record high trading volumes.
macquarie structured warrants 20200914

Investors look to puts for downside protection

The warrants market in Malaysia witnessed yet another exciting week with RM1.6bil traded. Despite a shorter trading week as the market is shut on Friday in conjunction with the Hari Raya Haji celebration, the total turnover is up 7.6% week-on-week (w-o-w) as investors continue to favour warrants over Malaysian stocks such as Hartalega Holdings, Topglove Corporation and many more.
technical focus

3rd August 2020 – Technical Analysis

Completion of industrial land sale for RM30.0m will improve bottom line margins from interests cost saving. Technically, price has experienced a consolidation breakout above RM0.64 accompanied by rising volumes, targeting RM0.73-RM0.75 with long term target at RM0.835.
market pulse

Dampened by Political Instability

Market sentiment was grappled with renewed volatility as investors were quick to offload their holdings after the Malaysia’s political situation took another agenda with the dissolution of Sabah state assembly. We expect the volatility to remain a feature as investors will be brace by a barrage of corporate earnings releases towards the end of the month which takes into account of the full impact of Movement Control Order (MCO).
market pulse

No breakthrough, yet.

The dovish tone set by the US Federal Reserve in regards to the low interest rate environment implies that liquidity will remain within the stockmarkets and assets that deliver higher yields. For now, the FBM KLCI is also largely on track to deliver its biggest monthly gain since October 2011, whilst the both the FBM Small Cap and FBM Fledgling are still on course for a V-shaped recovery
technical focus

29th July 2020 – Technical Focus

Signing ceremony of for the Johor Bahru-Singapore Rapid Transit System (RTS) valued at RM3.2bn is scheduled on 30th July 2020 at the Causeway. The construction with Singapore bearing 61% of the total cost and remainder (39%) by Malaysia is expected to commence after the appropriate approvals are obtained in January 2021 and is expected to be operational at the end of 2026.
market pulse

Back Above 1,600

The FBM KLCI delivered a solid performance and that looks to persist over the near term as the market was brighten up again by the rally in glovemakers stocks. At the same time the stronger ringgit against the Greenback may provide some impetus for further gains. Despite that, we caution that gains will be capped by the weakness on Wall Street overnight, while investor will monitor for developments surrounding the two-day US Federal Reserve monetary policy meeting.

Vibrant Participation from Retailers Boosts Bursa Malaysia Exchange

Since MCO, we noticed strong retailer’s participation hovering around 22-41% (average 32%) of total trading volumes in 2020; this is an important journey where retailer’s participation normally would range between 16-25% over the past few years. Given the decent participation from traders and investors, we are developing some great tools to provide great trading opportunities for clients. Hence the creation of our M+ Wiz is to identify real-time opportunities for traders.
market pulse

Improved Sentiment

We expect the consolidation on the local bourse to prolong as any gains will be punctuated by quick profit taking activities. Nevertheless, the sustainable high trading volumes suggest that trading opportunities are still prevalent within the broader market and lower liners, particularly FBM-ACE listed stocks as investors continue their quest to seek for high yield investments.
macquarie structured warrants 20200914

Glove names continue to be in the limelight

Although the overall warrants turnover saw a decline of 27.2% last week, it still recorded a turnover above the RM1bil mark at RM1.4bil. Warrants over Malaysian shares were the biggest contributor, comprising approximately 90% of the total turnover, followed by warrants over the volatile Hang Seng Index (HSI), which contributed 7.7% of the total turnover.
technical focus

27th July 2020 – Technical Focus

The PENJANA stimulus package revolves 100.0% exemption on export duty on crude palm oil, crude palm kernel oil and processed palm kernel oil throughout 2H2020. Hence, we see positive tone to remain in place, recognising the government’s effort to boost the export of crude palm oil and related products.
market pulse

Global Political Uncertainty Woes

Following the rising geopolitical tension between the two economic powerhouses, we reckon that the weakness may prolong on the local bourse as investors turned wary particularly after the recent upward swing. As it is, the negative market breadth also suggests that gains could be choppy over the near term.
market pulse

Building up Momentum

The upbeat momentum on the FBM KLCI continues to be induced by the strong performance on glovemakers heavyweights. Gains, however, may be limited owing to the weakness on Wall Street overnight which may permeates to the Asia equities. Amid the rising number of Covid-19 cases, the buying momentum in glove makers stocks may provide some cushion to further weakness.

SLP Resources Bhd – 23rd July 2020

Moving forward, SLP will focus on production of essential packaging products for food & beverages (F&B), hygiene and healthcare sectors. The shift in consumer behaviour from dining out to take-away and home cook is deemed as an opportunity for plastic packaging products players to capitalise.
market pulse

KLCI Still in Consolidation Mode

With the lack of follow-through buying interest, we see the FBM KLCI remain in consolidation as the recent glove-induced rally might be taking a breather. At the same time, the lofty valuations might cap further gains at this current juncture. Nevertheless, the ample liquidity driven market may continue to provide further trading opportunities as rotational plays dominate the current market scenario.
technical focus

22nd July 2020 – Technical Focus

Following the outbreak of Covid-19 pandemic, the adoption of cloud services and digitalisation has been on an upward scale across the globe. The new normal of remote working is expected to remain in place even if lockdowns were to be lifted as individuals and corporates are both conducting more e-learning, online meetings, e-ecommerce and various activities through the screen.
market pulse

Attempting 1,600 Again

Financial institutions in Malaysia have declared that extension of loan moratorium is off the table, with options for repayment to targeted groups; suggests that the potential spike in non-performing-loans in the final quarter of the year will be contained and the nation is on track for recovery. Further stimulus from central banks across (EU and Japan) and positive developments vaccine for Covid-19 may further contribute to the positive sentiment.
market pulse

Still Wobbly

After a pullback yesterday, we think that mild bargain hunting activities will take charge as investors’ risk appetite remains well within the equities market. This is demonstrated by the rising trading activities as of late which may see rotational play to stay firm over the foreseeable future. In the meantime, expectations over further stimulus measures to combat the economic slowdown due to the rising number of Covid-19 cases may provide further boost the recovery
macquarie structured warrants 20200914

Another volatile week for glove names

The Malaysian warrants market hit yet another record high turnover last week with RM1.98bil traded, averaging at about RM396mil per day. The share prices of glove makers swung wildly through the week, their increased volatility and stream of newsflow further attracting investors’ interest.
market pulse

Bouncing Back

Following the strong recovery led by gains in glove heavyweights, we expect the positive momentum to continue as investors build onto their position, capitalising on the pullback of healthcare-related stocks. At the same time, the positive market undertone, coupled with the prevailing low interest rate environment may also drive rotational play amongst the lower liners as retail participants continue to adopt the hit-and-run technique in penny stocks.
technical focus

20th July 2020 – Technical Focus

The recent quarterly result (1QFY20) was mainly impacted by disruption of work site progress in China due to the lockdown since January 2020 and Movement Control Order (MCO) in Malaysia since March 2020. Although we expect further weakness in next quarter bottom line, we are sanguine on the recovery in 2HFY20, supported by outstanding orderbook of RM321.0m, of which RM149.0m was secured in the first four months in FY20 to provide earnings visibility over the next 12-18 months.
market pulse

Further Retracement in Store

Tracking the negative Wall Street performance, we expect profit taking activities on gloves sector may continue and the FBM KLCI is likely to see further consolidation today. Despite the rising Covid-19 confirmed cases, the developments of Covid-19 vaccines are surfacing in the news media; thus it could dampen the buying support on overall glove stocks in the near term.

Econpile Holdings Bhd – 16th July 2020

The latest win bumps Econpile's outstanding orderbook to RM700.0m, which translates to an orderbook-to-cover ratio of 1.1x against FY19 revenue of RM663.3m and will provide earnings visibility till final quarter of year 2021. We are sanguine that earnings recovery will be materialise from FY21 on the back of the resumption of supply chain such as concrete, cement, steel and etc
market pulse

Consolidation in Place

We see the consolidation on the FBM KLCI taking shape as the rally in glove heavyweights lose steam following the positive developments from Moderna in their clinical trial test on Covid-19 patients. For now, investors will be keeping an eye on China’s 2Q2020 GDP data today as a yardstick to economic recovery performance after lifting the lockdown.

1H20 Review & 3Q20 Outlook

Consensus are expecting a slowdown in economic activities for 2020, but we believe the stimulus packages from several central banks would be able to cushion the downside risk and may translate to a potential recovery in 2021. For the local markets, we expect the trading interest to crowd around gloves or healthcare stocks.
technical focus

15th July 2020 – Technical Focus

Pecca Group Bhd (PECCA) principally involved in the styling, manufacturing and distribution of leather car seat covers for Original Equipment Manufacturer (OEM) and Pre-Delivery, Inspection (PDI) and Replacement Equipment Manufacturer (REM) market segments with bulk of its sales to Toyota Boshoku UMW Sdn Bhd (Toyota) and Fuji Seats (Malaysia) Sdn Bhd (Perodua). We reckon that vehicle sales will see gradual improvement after vehicle sales rose to 22,960 units in May 2020 vs. only 141 units sold in April 2020.
market pulse

Recovery Still Intact

Although the unemployment rate rose, the quantum appears to have peak which bodes well for the general economy as businesses gradually re-opened. We think that upsides are still in prevalent and any weakness will be cushioned by gains in glove heavyweights amid the on-going shortages of masks, gowns, face shields and gloves in the US with the rising number of new cases of Covid-19.

Hartalega Holdings Berhad – 14th July 2020

Demand-supply imbalance is expected to remain in place as the capacity expansion of all glove players coupled with the new entrants of glove players in the pipeline would not be able to match up to the upward trajectory demand stemmed from the rising new cases of Covid-19.
market pulse

Beyond 1,600

Investors will digest the barrage of corporate earnings releases from US, of which analysts are predicting -44.6% YoY in earnings contraction in 2QFY20. Back home, rotational play will continue amongst the lower liners, while the extended rise on glove heavyweight shares will continue to anchor the performance on the local bourse. At the same time, investors will be keeping an eye on Malaysia’s unemployment rate for May 2020, after record high at 5.0% registered in April 2020.

Protasco Berhad – 14th July 2020

Protasco Bhd's unit Sun Rock Development Sdn Bhd has entered into a contract to dispose of three pieces of commercial land to NSK Property Sdn Bhd for RM16.7m cash. The lands in question are located in Johor Bahru and total about 2.7-ha.
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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.
macquarie structured warrants 20200914

Record high turnover for Malaysia warrants market

Last week, the Malaysia warrants market saw the highest weekly turnover in 2020 with RM1.28bil traded. The record high trading activities in warrants can be attributed to the high demand for warrants over Malaysian shares and the Hang Seng Index (HSI), with a combined turnover of RM1.23bil, more than 95.0% of total warrants turnover.
technical focus

13th July 2020 – Technical Focus

Following the outbreak of Covid-19, Samchem’s chemical distribution segment is well positioned to undertake the higher demand for pharmaceutical products that are used as active ingredients or excipients for the production of medicinal products.
market pulse

Edging Higher

It was another solid performance on the local bourse, largely buoyed by the unprecedented rise in glove heavyweights. Although we reckon that the extended gains to continue, the first parliamentary sitting since the Movement Control Order (MCO) took place may see investors staying on the side-lines; awaiting for further political developments. Nevertheless, the revision of market circuit breaker rules may provide a boost for further strides.
market pulse

Hitting Resistance Again

The FBM KLCI has now turned slightly cautious after the recent streak of gains as penny counters took the lead. Given the lack of fresh leads, we see the consolidation to take place as investors continue to monitor on the developments of economic recovery. At the same time, the renewed volatility on Wall Street may also limit any potential gains.
market pulse

Buying Momentum Resumes

The prevailing low interest rate environment enticed investors’ portfolio allocation to other asset classes, including the equities market in search for higher yields. We think that the positive momentum as foreign funds net buying hit the highest level since 17th January 2020, coupled with the surge in trading activities will enable the Malaysian stockmarket to trend higher.

Serba Dinamik Holdings Bhd – 8th July 2020

We continue to like Serba Dinamik as one of the key players in the oil & gas industry, backed by its sturdy orderbook comprising of dozens of jobs from local and overseas that will provide long-term earnings visibility, coupled with the group’s ongoing effort diversification into businesses that generates long-term recurring income.
technical focus

8th July 2020 – Technical Focus

Advancecon Holdings Bhd (Advancecon) is regarded as one of the leading players, having over 25 years of experience in provision of earthworks and civil engineering services to the local construction industry. The group has and currently undertaking several notable projects such as property related projects such as Setia Ecohill, Setia Eco Garden and Cyberjaya Flagship Zone and infrastructure transportation projects such as West Coast Expressway, Lekas Highway and Pan Borneo Highway.
market pulse

Pullback in Store

We think that the pre-emptive move by Bank Negara may provide some support to the local market as investors shift their portfolio to alternative investments in search for higher yields. For now, a consolidation could be due following the recent stretch of rally that allows investors to digest the recent gains, while the renewed volatility on Wall Street may permeates to stocks on Bursa Malaysia.

Chin Well Holdings Bhd – 7th July 2020

On a brighter note, the Vietnam operations were largely unaffected which may see the production of the reinforcement bar in Vietnam to US which may see shipment rising to approximately 600 tonnes by end-2020 from approximately 200 tonnes in 1Q2020. We see the improvement capitalizing from the US move to impose the antidumping taxes on threaded rods on countries like Thailand, Taiwan, India and China.
market pulse

Towering Higher

It was another solid performance on the key index with gains in line with regional equities. For now, investors would keep an eye on Bank Negara’s monetary policy decision later in the evening.
technical focus

6th July 2020 – Technical Focus

At RM1.22, Hexza trades at trailing-12 months (TTM) PE 16.0x, which is below its two-year historical average of 17.1x. Technically, the uptrend formation is established and price is attempting to form resistance breakout above RM1.23, targeting RM1.38-RM1.49.
macquarie structured warrants 20200914

Glove makers continue to dominate warrants space

The major contributor to the total warrants turnover last week were still the warrants over Malaysian shares which made up approximately 80.9%, with a total value traded of RM646.6mil, while warrants over the Hang Seng Index (HSI) came in second place

TCS Group Holdings Bhd – 6th July 2020

Between FY17-19, the residential projects segment was anchoring the revenue via contributing between 72.2-87.2% to the group’s revenue. In FY19, the residential projects segment accounts to RM279.4m, representing 77.9% of the group’s total revenue. Residential projects include construction of residential buildings such as terrace houses, bungalows, high rise apartments and condominiums.
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The Wiz Signalled us a Few Opportunities

We observed selected sectors such as gloves and technology were having some good moves last week, accompanied by a decent sentiment and traded volumes on…

OCK Group Bhd – 6th July 2020

We were surprised by corporate exercise as OCK has only completed the private placement to raise RM52.3m back in November 2019. Nevertheless, the impact would be miniscule considering the size of the cash call. The move would enable OCK to improve bottom line by approximately 0.6% and 1.1% to RM33.1m and RM35.1m for FY20f and FY21f respectively on the back of the interest cost saving but at the expense of dilution in EPS.
market pulse

Still on the Move

After five consecutive days of winning streak, we think that upsides are still on the cards but will be restrained by the Covid-19 situation across the globe. Although the global economic recovery came in better-than-anticipated, investors will now shift their attention to the upcoming batch of corporate earnings in US to assess the impact of Covid-19.
market pulse

Vaccine Hopeful Booster

The potential vaccine for Covid-19 provided a boost for global equities including the FBM KLCI as investors pinned their hopes for normalcy. The positive developments may attribute to the economy recovery towards pre-Covid-19 levels in line with initial expectations by consensus. Hence, we see the key index to build onto its gains, largely on track to snap a 3-week losing streak.
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M+ Wiz: Disconnect to CONNECT

14th June 2020 Source: M+ Wiz Last Friday, no doubt that Wall Street spooked investors by diving near to 7%. While most of the people…
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M+ Wiz: Trending Higher

During the lacklustre period, were you able to pick upward trending counters? We understand most of the workforces are gradually going back to work during…

PENJANA – Building the Economy together

Under the short term economic recovery plan - PENJANA, there are 40 key initiatives worth RM35bn directed through 3 main cores; namely (i) Empower People, (ii) Propel businesses and (iii) Stimulate the Economy. We will go through some of the salient points that will allow market participants to identify the potential beneficiaries and stocks related to that sector.

Economic Stimulus Plan: Beyond Covid-19

Our Prime Minister will be speaking later today at 3.00 pm in regards to the upcoming economy stimulus plan. As you may have known, the 3 segments that the government are targeting will be (i) Empowering People, (ii) Propelling Businesses, and (iii) Stimulating the Economy.

Don’t Miss Out on All These Calls Anymore!

It was a bullish day for Malaysia 's stock equities market. The benchmark index, FBMKLCI returned above 1,500 marking whereby it added 17.55 points to close at 1,507.69 today.

M+ Wiz List

We have noticed some selling pressure on gloves stocks and investors/ traders will be asking "What's next?".

Call warrant HSI-C9T topped the chart

The Malaysia warrants market caught fire last week as the average daily turnover jumped to RM180.7mil, the highest level since Apr 2019. This surge in trading activities despite a shorter trading week in Malaysia in conjunction with the Hari Raya holidays can be attributed to the increase in demand for warrants over Malaysia stocks which made up 84.2% of the total value traded. This also marks the third consecutive week of the Malaysia stocks warrants’ domination of the local warrants market.

Revisiting G-Love

In order to rally higher, the share price will need to make a healthy retracement/pull back. A pull back in share price after the rally, indicates profit taking activities by short term traders & scalpers. Thus when the share price breaks higher in future, it encounters lesser resistance as the profit taking already taken place.

Started from the ‘bottom’, now we’re here

DUFU (7233) was alerted on M+ Wiz today upon market opening, triggered by our trend rules: Support Rebound and Buyers Intact. Upon the triggers, the share price had been moving higher and traded to its day high of RM4.08, up by 17 cents.

Limit Up on HEXZA (3298)

Wiz was able to identify another good probability setup for HEXZA during afternoon session. HEXZA was alerted twice as the price broke above the intraday resistance and morning high after consolidating near top.

Warrants market winds down for long weekend

The last week of April saw a slowdown in warrants trading activity ahead of the long weekend. The Hong Kong market was shut last Thursday for the Birthday of the Buddha i.e. no market making for warrants over the Hang Seng Index (HSI) and iShares China A50 Index ETF, while both the Malaysia and Hong Kong markets were shut last Friday for Labour Day

Create An Edge for your trading

29th April 2020 Many have a misconception that trading is as good as gambling, as traders are betting their money on an unpredictable outcome. Yet,…

M+ Wiz: of Momentum and Swings

As shown in the chart above, number 1 indicates the share price formed a consolidation and made a breakout on last Friday. On the other hand, number 3 has shown the MACD has crossed above the centreline, above zero-level.

M+ Wiz: Getting the Right Trigger

ADVENTA (7191) appears to be one of the outperforming stocks that alerted on M+ Wiz today. It was triggered at 9.12AM this morning when the stock was trading at RM0.755. ADVENTA went as high as RM0.975

M+ Wiz: REDTONE

REDTONE (0032) opened gap up and shot up to intraday high of RM0.495 today. For those who been followed us on our Facebook, this stock is mentioned during our Facebook Live session on 20th April and in our Facebook post on 22nd April 2020.

M+ Wiz: Highlights

Did you capture MYCRON & HLT today? Have you ever wondered, why some of the alerts are highlighted in yellow while some are highlighted in…

HSI-H8M still active but lower turnover as expiry looms

Major equity indices closed in the positive territory last week amid market volatility from a mixture of good news and bad economic data. On Tuesday (14 Apr), the HSI futures opened 40 points higher from the previous close and continued to climb higher throughout the day after China released their trade data for the month of March

The Power of Wiz: Stock Recap

The alert on HARTA was triggered on 8th April as the price action met M+ Wiz rule: [Trend] Buyers Intact when it broke above previous day high and resistance level of RM7.20. Although we spotted a price-volume divergence, the price went higher and hit the highest RM7.73 yesterday. Traders should remain cautious on the divergence despite the rally.

What’s the Flag?

A good Flag/Pennant chart pattern normally starts with a strong rally on high volume (consists long green candle) and followed by a..

The Gold Mine

Gold is considered to be a safe haven and serves as a form of insurance against adverse economic events. On Thursday, Gold surged more than 1%

M+ Wiz: HARTALEGA

HARTA is illustrating an upward swing amid the ongoing Covid-19 crisis. As the trend stays positive and price continues to trade higher, it meets and triggers on our

Index warrants dominate the warrants market

Index warrants continue to dominate the Malaysian warrants market, with the top ten warrants by turnover last week consisting of five warrants over the Hang Seng Index (HSI) (3 call warrants and 2 put warrants), three warrants over the S&P 500® Index (SP500) (2 put warrants and 1 call warrant) and 2 warrants over the local benchmark FBM KLCI (both put warrants).

SP500-CK surged 260.7% as S&P 500 futures rebounded

The Malaysia warrants market picked up more trading momentum last week with a RM407.6mil turnover, 23.4% higher than the previous week. While markets remained volatile amid the Covid-19 pandemic, global equities erased some of the earlier losses following more monetary easing by central banks plus the additional stimulus measures proposed by local governments to dampen the economic impact of the contagious virus.

Growing demand in index warrants as markets remain volatile

The Fed’s move failed to lift investors’ worry as they continued their selloff last Monday (16 Mar), resulting in the S&P 500® Index (SP500) triggering its circuit breaker, halting its trading for 15 minutes on Monday morning. Upon reopening, the SP500 plunged further to close at 2,386.13 points, down 12.0%, the biggest drop since the crash of 1987. Week-on-week (w-o-w), the SP500 slid 15.0%.

5 Ways to Survive the Bear Market

So, how do you avoid catching a falling knife and trade according to the trend? With the market diving into bearish territory, we could consider

Large moves in net positions for HSI warrants

The first week of March recorded a warrants turnover of RM342.9mil, an 18.0% decline from the previous week. Despite the overall decline in the week’s trading activity within the local Bourse by 27.1%

HSI warrants in the spotlight as futures extend higher

The second week of February witnessed a total warrants turnover of RM285.3mil amid a less volatile week, which contributed to a 21.8% week-on-week (w-o-w) drop in turnover for the overall warrants market.

Volatile week for the markets

Warrants Commentary (3 to 7 February) Last week, the warrants market in Malaysia recorded a total turnover of RM364.7mil, 14.5% higher than the previous week.…

HSI-H8K stole the limelight with 197.0% gain w-o-w

We saw a surge in warrants interest among investors amid worries over the Wuhan coronavirus outbreak at a global scale. Out of all warrants listed on Bursa Malaysia, warrants over the Hang Seng Index (HSI) were the most popular

Volatile week for the global markets

Warrants Commentary (6 to 10 January) Happy New Year! The Malaysian warrants market started to warm up after the holiday season, with turnover for last…

Slower market, though HSI warrants remain active

Last week, the Malaysia warrants market saw a general slowdown in trading activity as we entered into the first week of December, though warrants over the Hang Seng Index (HSI) still maintained an average daily turnover of RM37.2mil. Total turnover came up to RM247.5mil, a decline from RM319.3mil in the previous week. 

Put warrant HSI-H8F gains 42.0% in 2 days

Warrants Commentary (18 to 22 November) Last week, the Malaysia warrants market recorded a turnover of RM333.0mil, 2.3% lower than the previous week. We continue…

Bullish trend extends another week

Warrants Commentary (4 to 8 November) The overall Malaysia warrants turnover for last week came up to RM290.9mil, about 43% above the previous week’s turnover.…

Call warrant HSI-C7F rose 30% w-o-w

Warrants Commentary (10 to 13 September) The Malaysian warrants market was sloppy last week, only clocking in a turnover of RM347.3mil., 10.7% lower compared to…

Episodic week for HSI warrants

Warrants Commentary (2 to 6 September) Last week saw a lower turnover in the Malaysian warrants market compared to the previous week, partly due to…

Call warrant HSI-C7F stole the limelight

Warrants Commentary (26 August to 30 August) The Malaysian warrants market recorded a total turnover of RM558.4mil. last week, 33.0% higher compared to a week…

HSI-H6R emerged as investors’ favourite

Warrants Commentary (29 July to 2 August) Malaysia’s warrants market saw a lower total turnover of RM414.4mil. due to the 4-day trading week. However, trading…

Warrants trading activity higher last week

Warrants Commentary (22 July to 26 July) Trading activity in structured warrants increased last week as the overall warrants turnover surged 19.6% to RM478.4mil. Warrants…

HSI-C5P and MYEG-C68 stole the limelight

Warrants Commentary (8 July to 12 July) The Malaysia warrants market recorded a turnover of RM432.5mil. last week, 13.9% higher than the preceding week. Warrants…

TM-C41 took over the stock warrant space

Warrants Commentary (27 May to 31 May) The Malaysian warrants market was revived last week following the shorter trading week in the preceding week, sporting…
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