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.

Engages in the provisions of business consulting for information technology software and data solution related businesses with key clientele include Jollibee Food Corporation, Toshiba Information Equipment (Philippines), Ocean Park (Hong Kong) and NCS Internal Video & Surveillance Smart City (Singapore). Leveraging on the tabling of MyDigital that aims to achieve 80% of end-to-end online government services integration by 2025 together with 80% usage of cloud storage across government agencies by 2022. Demand is expect to accelerate as businesses are migrating to online processes. Technically, price has formed a flag-formation breakout above RM0.86, targeting the resistances of RM0.925-1.00, with long term target at RM1.10.

Specialised in high rise residential, mixed and commercial developments with several notable contracts completed include Menara Hap Seng 3, KL Eco City Phase 1 & 2, One Central Park and Westside III. Outstanding orderbook of RM2.20bn, representing an orderbook-to-cover ratio of 6.8x against FY19 revenue of RM322.8m will sustain earnings growth at least for the next 3 years. Healthy balance sheet with a net cash position of RM65.6m in 3QFY20, translating to net cash per share of 10.1 sen (c.10.9% of share price). Technically, price has rebounded above the daily EMA20 level, suggesting further recovery to target the next resistances at RM0.965-1.08 with long term target at RM1.20.

Regarded as one of the leading local ICT distributor with more than 6,600 resellers, comprising retailers, system integrators and corporate dealers nationwide. More than 40 renowned leading principals like Hewlett Packard, Asus, Lenovo, Apple, Dell, Microsoft, Cisco, Samsung, VMWare and IBM. Partnership formed with NetApp in mid-2020 and the existing gradual growth from enterprise systems business with notable clients such as Heitech Padu Bhd and Mesiniaga Bhd will anchor growth. Technically, price has formed a flag-formation breakout above RM2.47, targeting the next resistances at RM2.65-2.76 with long term target at RM3.00.

Established relationship with past and existing clientele with repeating notable customers include Worldwide Holdings Bhd, UM Land Group and Tropicana Group. Bagged a total of 5 major construction contracts with combined value at RM646.6m since listing in July 2020, bumping unbilled orderbook to approximately RM950.0m to provide earnings visibility over next 2 years. Proposed 1-for-2 free warrants as part of the initiative to reward existing shareholders. Technically, price has formed a flag-formation breakout above RM0.545, targeting the next resistances at RM0.59-0.605 with long term target at RM0.65.

Supported by key clientele include public listed companies (PLC) such as Maybank, Hong Leong Bank, RHB bank, Tenaga, Telekom, Celcom, Sarawak Energy and Aeon Credit with 9MFY20 net profit expanded 21.1% YoY to RM7.3m. Capitalising on the adoption of digitalisation of financial services via the introduction of the SmartCIT cash-in-transit cash collection and management with IoT secured logistic solution. Launch of buySolar online marketplace platform will generate a new avenue of income stream. Technically, the short-term consolidation breakout above RM0.53 ensue further recovery towards the next resistances at RM0.58-0.61 with long term target at RM0.685.

Over 500 products exported to countries like Vietnam, Hong Kong, the Philippines, Cambodia and Singapore through established distributors, hypermarkets, supermarkets and dealer network. Agrochemical business to play a key role in earnings sustainability, while the manufacture and distribution of healthcare disposable products will be boosted by higher demand from the elevated number of Covid-19 cases. Net cash position of RM11.3m in 3QFY20, translating to net cash per share of 0.1 sen (c.1.5% of share price). Technically, price has experienced a breakout-pullback-continuation pattern above RM0.89 accompanied by rising volumes, targeting RM0.94-0.965 with long term target at RM1.00.

Engages in manufacturing and distributing bakery products that are marketed under the trademarked brands of “Top Baker” and “Daily’s”. Retail outlets expansion plan in the Central region by setting up more new retail outlets in Klang Valley and plans to establish a franchise system, whilst continue to expand its distribution network in the Northern region. Demand for bakery to be sustainable as bread and related products, particularly sandwich loafs are deemed to be affordable essential food for the mass. Technically, we may anticipate for a resistance breakout above the RM0.25 level to target the next resistances at RM0.27-0.29 with long term target at RM0.335.

10 manufacturing plants located across Peninsular Malaysia, supported by approximately 700 employees. Notable completed roofing projects include Pantai Hospital (Penang), SMJK Jit Sin (Penang), Toyo Tires plant, Fedex (Batu Kawan), Econsave (Taiping) and Inari (Batu Kawan). Demand in the local market to remain firm over the foreseeable future as building projects resume operations, while higher steel prices may contribute to improvement in margins. Technically, a trendline breakout above the RM0.91 level may drive price higher towards the next resistances at RM0.97-1.00 with long term target at RM1.04.

17 manufacturing operations located in Malaysia, China and Thailand with products exported to 70 countries worldwide. Earmarked a sizeable expansion plan with planned CAPEX of RM150.0m for 2021 & 2022 with RM30-40m will be allocated to set up a manufacturing plant in Myanmar that provides lower cost of production and better margins. Healthy balance sheet with net cash position of RM118.3m, translating to net cash per share of RM0.31 (c. 12.4% of share price) in 3QFY20. Technically, a consolidation breakout above RM2.54 may drive share price higher towards the next resistances at RM2.70-2.88 with long term target at RM3.26.

Operates 141 retail stores, covering 1.5m sqf of gross floor area under several household brands such as Vincci, Vincci+, Vincci Accessories, Tizio, Padini Authentics, PDI, Padini, Seed, Miki and P&Co. Decline in shopping complexes footfall has attributed to the weaker performance in FY20 will see recovery from own digital marketing channels and third-party online portals such as Lazada platform. Healthy balance sheet with net cash position of RM25.2m, translating to net cash per share of RM0.04 in 1QFY21. Technically, a breakout above RM2.84 may drive share price higher towards the next resistances at RM3.00-3.17 with long term target at RM3.30.

Engages in the design development, manufacture, marketing and sale of precision engineering parts. Key business associates include multinational semiconductor companies such as Broadcom, Synergie - CAD, Bece Pt Ltd, U4Global Solutions and GFMI. Venturing into the production to manufacture critical automotive parts in mid-2021. Improving fundamentals and operates in a healthy balance sheet with net cash position of RM53.6m, translating to a net cash per share of RM0.10 in 1QFY21. Technically, breakout above RM0.96 may drive share price higher towards the next resistances at RM1.03-RM1.11 with long term target at RM1.23.

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. PPHB offers JIT (Just–In-Time) services, Total Packaging Concepts, Designing & Supply Chain Management. Relatively low gearing at 0.1x in 3QFY20 and PPHB is trading well below the book value of RM1.39. Technically, price has rebounded above the daily EMA9 level, targeting the next resistances at RM1.09-1.14, with long term target at RM1.25.

Hong Seng Consolidated Bhd (Hong Seng) turnaround fortune is on the table, following the venture into the healthcare segment which allows the group to provide pharmaceutical, medical and healthcare supplies. We also note that further diversification into gloves manufacturing with production of 2 nitrile gloves lines in April 2021 is timely. Total of 6 nitrile gloves production lines in September 2021 will produce approximately 1.5bn pieces of gloves per annum. Technically, a consolidation breakout above RM1.06 may drive price towards the next resistances at RM1.17- 1.25, with long term target at RM1.40.

Following the recent retracement, valuations amongst glove players have turned appealing to investors as future prospects remain well supported by the strong demand and rising ASPs. At the same time, the ramping in production capacity will accelerate topline contribution over the foreseeable future. Although the vaccine for Covid-19 was rolled out in certain part of the globe recently, we think that the demand will remain relatively intact with spot orders for major glove players fulfilled till end-2021. At the same time, the rising number of Covid-19 cases across the globe will continue to spur demand in subsequent quarters before the vaccine is available for the mass.

Established track record, backed strong export sales to Asia countries over the years. Annual production capacity of 525,000m3 that is running at utilisation rate of approximately 90%. Adoption of work-from-home will continue to spur demand for office furniture with current orderbook fulfilled until March 2021. Embarking into the green initiative via the installation of 2,000 kw/h solar photovoltaic panels, targeting in 2021. Technically, we may anticipate for a potential flag-formation breakout above RM0.72, targeting the next resistances at RM0.78-RM0.815 with long term target at RM0.90.

Since vaccine news has been surfacing in the news media, the Brent oil has been establishing its upward move above USD46. The trend has been more stable with the stimulus hopes in the US as well as vaccine rollout in several countries; Brent oil price has been trading above USD50 over the past two weeks. Should the Brent oil charges above USD52, we expect buying interest may return on O&G sector on Bursa Exchange. Under the O&G sector we like PENERGY and SERBADK.

Established in 1977, 3A is one of the leading food and beverage ingredients manufacturer which supply its products locally (61%), to Singapore (9%) and other foreign countries (30%). 3A has been constantly upgrading its plant to improve its production efficiencies. Meanwhile, in respond to the increasing demand for the HVP and caramel products, the group has been expanding both the HVP and caramel plants. Also, 3A has invested in R&D to broaden the range of their existing products. Technically, price has experienced a resistance breakout above RM0.90, targeting the resistances at RM1.05-1.10-1.15, while the support is at RM0.91.

Established track record, backed by key clienteles from the European countries industry top players such as Jura and Nestle (Switzerland), AEG, Krups, Bosch and Siemens (Germany). Earnings recovery will be largely in place as the 1HFY20 was impacted by the global supply chain disruption with both China and Malaysia operations were affected by the temporary shutdown in production due to the Covid-19 pandemic Prospective dividend yields at 5.1% and 5.4% for FY20f and FY21f deemed to be relatively attractive. Technically, price has experienced a resistance breakout above RM2.75, targeting the next resistances at RM2.89-2.94 with long term target at RM3.12.