Tech Focus - M+ Online

Technical Focus

Stock Digest ·

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.

July 8, 2020 8:30 am·

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.

July 8, 2020 8:25 am·

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.

July 8, 2020 8:20 am·

Stock Digest ·

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.

July 7, 2020 8:40 am·

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.

July 7, 2020 8:37 am·

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.

July 6, 2020 8:56 am·

Macquarie Warrants ·

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

July 6, 2020 8:50 am·

Stock Digest ·

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.

July 6, 2020 8:47 am·

M+ Wiz ·

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 Bursa Malaysia. Although these (trading volume and value) are still far from the MCO period, it is considered above the average at this moment. However, retailers may have some problems…

July 6, 2020 8:41 am·

Stock Digest ·

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.

July 6, 2020 8:37 am·

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.

July 6, 2020 8:30 am·

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.

July 3, 2020 7:55 am·

Market Pulse ·

Signs of Economy Recovery

July 2, 2020 8:34 am·

Technical Focus ·

Technical Focus – 2nd July 2020

July 2, 2020 8:32 am·

Stock Digest ·

Serba Dinamik Holdings Bhd – 1st July 2020

July 1, 2020 8:56 am·

Market Pulse ·

Beyond 1,500 again

July 1, 2020 8:53 am·

Stock Digest ·

Kim Loong Resources Bhd – 30th Jun 2020

June 30, 2020 8:51 am·

Market Pulse ·

Recovery in Place

June 30, 2020 8:48 am·

Macquarie Warrants ·

HSI calls and puts top the list amid volatile market

The warrants market saw a dip in the turnover for the week ended 26 June, falling 42.9% week-on-week (w-o-w) to RM392.2mil. Warrants over Malaysian shares again took up the majority of trading in the warrants space, making up 58.3% of total turnover, while warrants over index underlying took up the remaining 41.7%. Despite the Hong…