Senarai di bawah ini adalah kaunter-kaunter pilihan (stocks pick) broker house seperti oleh UOB Kay Hian, RHB Investment Bank Bhd, M+, Maybank, CGS-CIMB, HLIB dan Rakuten. Kami kumpulkan disini untuk mudahkan rakan-rakan trader membuat rujukan dan kajian kaunter-kaunter pilihan broker house ni. Kebanyakkannya siap dengan trading plan, jadi lebih mudah untuk buat rujukan. Cuma, kaunter-kaunter stock pick ni pastikan sebelum buat keputusan kaji dengan lebih mendalam terlebih dahulu. Masukkan indicator-indicator dan teknik-teknik analisis chart yang telah dipelajari. Jika, semuanya sudah meyakinkan, barulah buat keputusan untuk belian. Sebab apa begitu? Sebab berdasarkan kajian dan pemerhatian kami sebelum ini, memang banyak je kaunter-kaunter stocks pick oleh broker house ni yang terciduk. Ada yang terciduk dulu, then beberapa minggu lepas itu baru ada pergerakan menaik. Ada juga yang terus jalan. Jadi, apa-apa hal pun, sila buat kajian dan analisis terlebih dahulu ya. Kaunter stocks pick ini pun semuanya datang dengan disclaimer oleh broker house. So, tanggungjawab sepenuhnya jatuh di atas diri sendiri. “When it comes to your money, only trust one person. Yourself.”
M+ Online Technical Focus – 29Nov22
FoundPac Group Bhd: Tapping into EV market
Trading Catalyst
• Engages in the design development, manufacture, marketing and sale of precision engineering parts.
• Newly acquired 70.0% equity stake in SDKM Technologies Sdn Bhd (SDKM) that engages in the cable assembly and wire harness business to tap into the production of cables and wire harnesses for electric vehicles.
• Stronger USD against Ringgit Malaysia bodes well for the export-oriented FPGROUP which derived c.70.0% of total revenue from the export market in FY22.
• Technically, price has formed a short-term breakout above RM0.505, and may head higher towards the next resistances at RM0.545-0.585 with long term target at RM0.64.
Technical View
(i) FPGROUP (S: RM0.46, R: RM0.545-0.585, LT TP: RM0.64, CL: RM0.455)
S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss
Source: Bloomberg, M+ Online
RHB ♦️ Investment Bank Bhd
Retail Research
Technical Analyzer
29-Nov-22
Download report at : https://tinyurl.com/57umw5f8
TOMEI (7230) : Shariah-Compliant
Outlook : Breakout MYR0.92
Levels : MYR1.00, MYR1.05
Exit : Below MYR0.88
(time frame: 2-4 weeks)
TAMBUN (5191) : Shariah-Compliant
Outlook : Breakout MYR0.725
Level : MYR0.81, MYR0.85
Exit : Below MYR0.71
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only..
RHB♦️Investment Bank Bhd
29th November 2022
CORPORATE NEWS
• Genting Malaysia Bhd along with six other companies bidding for a new 10-year gaming concession in Macau from 2023, may have to increase their proposed level of investment. IAG also reported that the preliminary results of the tender committee is expected to be announced shortly, possibly as early as this week.
• Petronas Chemicals Group Bhd net profit slipped by 3.5% year-on-year for the third quarter ended Sept 30, 2022 (3QFY2022) as margins came under pressure from higher operating costs. Net profit fell to RM1.895 billion for 3QFY2022 from RM1.96 billion a year ago, despite a 22% growth in revenue to RM7.03 billion from RM5.78 billion, due to higher product prices supported by elevated crude oil prices amid the Russia-Ukraine conflict and stronger US dollar.
• Axiata Group Bhd registered a net loss of RM52.4 million or 0.6 sen loss per share in the third quarter ended Sept 30, 2022 (3QFY2022) versus a net profit of RM349.56 million or 3.8 sen earnings per share in the same quarter last year. This is the group’s third straight quarterly net loss.
• Sunway Bhd net profit for the third quarter ended Sept 30, 2022 (3QFY2022) more than doubled to RM164.72 million, from RM81.1 million in the corresponding quarter in 2021, lifted by improved performance across its business segments.
• Affin Bank Bhd net profit for the third quarter ended Sept 30, 2022 jumped more than six-fold to RM872.36 million from RM133.2 million a year earlier, due mainly to higher net interest income. Revenue for the quarter surged to RM1.62 billion from RM552.49 million previously.
• Dagang NeXchange Bhd posted a net profit of RM41.72 million for its first quarter ended Sept 30, 2022 (1QFY2023)compared with RM293.56 million in 1QFY2022, when it recorded a RM264.51 million gain from the bargain purchase of a 60% stake in SilTerra Malaysia Sdn Bhd, a semiconductor wafer foundry. Excluding the one-off-gain from the bargain purchase, DNex’s net profit grew 44% from the normalised 1QFY2022 net profit of RM29.05 million, as revenue grew 55% to RM419.58 million from RM270.87 million a year ago, driven by higher contribution from both its technology and energy segments.
•Plantation-based group IOI Corp Bhd reported a net profit lower by nearly 40% at RM167.5 million for the first quarter ended Sept 30, 2022 (1QFY2023), against RM277.6 million a year ago, in a Bursa Malaysia filing.
• Sarawak Oil Palms Bhd net profit for the third quarter ended Sept 30, 2022 (3QFY2022) fell 34.4% to RM82.34 million from RM125.49 million for the same period last year on higher production costs following increases in fertiliser and labour costs.
• Uchi Technologies Bhd reported a 30.5% year-on-year jump in net profit in the third quarter ended Sept 30, 2022 (3QFY2022) to RM32.5 million, mainly due to higher demand for the group’s products and services, and the appreciation of the US dollar against the ringgit.
• Bintulu Port Holdings Bhd chalked a 31.7% increase in net profit for the quarter ended Sept 30, 2022 (3QFY22) as its revenue and profitability increased due to more cargo throughput at the Bintulu Port and Samalaju Industrial Port.
• IJM Corp Bhd turned profitable in the second quarter ended Sept 30, 2022 (2QFY2023), with a net profit of RM27.03 million from its continuing operations compared to a net loss of RM29.32 million in the prior year.
• Chin Hin Group Bhd net profit for the third quarter (3Q) jumped 6.44 times y-o-y to RM16.41 million from RM2.
The following information is extracted from CGS-CIMB Research Report. For the full research reports and disclaimers, please logon to your account on www.cgs-cimb.com.my and click on Tab.
Malaysia:
Genetec Technology (0140) (RM2.61): Technical Buy
Targets: RM2.80, RM3.00
Stop: RM2.26
YB Ventures (5048) (RM0.43): Technical Buy
Targets: RM0.46, RM0.475
Stop: RM0.395
Fundamental Report(s):
DRB – Hicom – Revved up growth in 3Q22 (Upgrade to Add with a higher TP of RM1.75)
Petronas Chemicals Group – Negative earnings momentum (Downgrade to Reduce with a lower TP of RM8.37)
Senheng New Retail Bhd – Bracing for a demand slowdown (Downgrade to Hold with a lower TP of RM0.62)
ATA IMS Bhd – Lack of visibility a key investment demerit (Maintain Reduce with a lower TP of RM0.21)
AwanBiru Technology Berhad – Still not out of the woods (Maintain Hold with a lower TP of RM0.44)
Dagang NeXchange – A bumpy ride ahead (Maintain Add with a lower TP of RM1.00)
IJM Corp Bhd – Gaining traction on contract flows (Maintain Add with a higher TP of RM2.15)
Uchi Technologies – On track for record profit in 2022F (Maintain Add with a lower TP of RM3.60)
Affin Bank Berhad – Taking a hit to strengthen LLC to >100% (Maintain Add with an unchanged TP of RM2.44)
Hap Seng Plantations – Buy for the value, stay for the div yields (Maintain Add with an unchanged TP of RM2.52)
EITA Resources Bhd – Besieged by higher input costs (Maintain Add with a lower TP of RM0.84)
Genting Bhd – 3Q22 miss is a bump on road to recovery (Maintain Add with a higher TP of RM7.35)
Malayan Cement Bhd – Hit by higher operating cost (Maintain Hold with a higher TP of RM2.36)
Ramssol Berhad – 3Q22: Dragged by slower project progress (Maintain Add with a lower TP of RM0.45)
BP Plastics Holding – Picking itself up and dusting off 3Q22 (Maintain Hold with an unchanged TP of RM1.34)
Genting Malaysia – 3Q22 in line; on recovery path (Maintain Add with an unchanged TP of RM3.30)
Inari-Amertron Bhd – Better times ahead for RF (Maintain Add with an unchanged TP of RM3.00)
IOI Corporation – Lower CPO price benefits downstream profit (Maintain Hold with an unchanged TP of RM4.24)
Karex Berhad – 1QFY23: First step in the right direction (Maintain Add with an unchanged TP of RM0.72)
Kawan Food – Stronger sales ahead (Maintain Add with an unchanged TP of RM2.82)
KPJ Healthcare – Higher patient volumes qoq in 4Q22F (Maintain Add with an unchanged TP of RM1.18)
Malaysian Pacific Industries – Looking beyond near-term volatility (Maintain Hold with an unchanged TP of RM27.00)
29th Nov 2022
Disclaimers: This distribution is by CGS-CIMB Securities Sdn. Bhd. (“CGS-CIMB”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS-CIMB, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
UOBKH Retail Market Monitor
29 November 2022
Stocks To Watch:
1) ASTINO (KLSE: 7162)
Technical BUY with +22.1% potential return
- Last: RM0.52 TP: RM0.595, RM0.635 SL: RM0.455
- Timeframe: 2 weeks to 2 months
- Shariah: YES
2) SUCCESS (KLSE: 7207)
Technical BUY with +14.8% potential return
- Last: RM0.71 TP: RM0.785, RM0.815 SL: RM0.655
- Timeframe: 2 weeks to 2 months
- Shariah: YES
3) TASCO (KLSE: 5140)
Technical BUY with +19.8% potential return
- Last: RM0.91 TP: RM1.02, RM1.09 SL: RM0.825
- Timeframe: 2 weeks to 2 months
- Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
IPO market of Bursa Malaysia continues to see vibrant pipeline of listings into 2023.
L&P Global Bhd has entered an underwriting agreement with Alliance Islamic Bank Bhd for up-coming listing on ACE Market of Bursa Malaysia. IPO prospectus launch on 13 December 2022 and 3 January 2023 listing.
DS Sigma Holdings Bhd signed underwriting agreement with Public Investment Bank Bhd for up-coming listing on ACE Market of Bursa Malaysia Bhd.
NationGate Holdings Bhd inked underwriting agreement with M&A Securities Sdn Bhd for up-coming listing on ACE Market of Bursa Malaysia.
29 Nov 2022 – RHB Morning Cuppa
Logistics
The Future Of ASEAN Logistics
Regional Thematic
As the demand for logistics services continue to grow in ASEAN, the governments of Indonesia, Malaysia, Singapore and Thailand have embarked on strategies to encourage the sector in their own countries to move up the value chain. That said Singapore has enjoyed extraordinary success in this respect, over the past few decades. In this thematic report, we elaborate on the key issues of logistics businesses in the countries under our coverage.
Analysts: Chatree Srismaicharoen +66 2088 9743, Vijay Natarajan +65 6320 0825, Indonesia Research +6221 5093 9888, Raja Nur Aqilah Raja Ali +603 9280 8885, Adam Bin Mohamed Rahim +603 9280 8682
Today’s Report: Logistics : The Future Of ASEAN Logistics (29 Nov 2022)
https://bit.ly/3OJPwTq
Previous Report: N/A
Axiata Group (AXIATA MK, BUY, TP: MYR4.22)
Improving Momentum; Stay BUY
Results Review
Keep BUY, with new SOP-based TP of MYR4.22 from MYR3.73, 39% upside and c.5% FY23F yield. 9M22 results were a beat, supported by inorganic acquisitions. Looking forward, we see synergies from the domestic mobile merger as a key re-rating catalyst. Valuation remains undemanding following the sharp 27% sell-down YTD with forward EV/EBITDA at <5x. Our TP factors in a 2% ESG premium. Key risks: Competition, lower-than-expected merger synergies, and regulatory setbacks.
Analyst: Jeffrey Tan +603 9280 8863
Today’s Report: Axiata Group : Improving Momentum; Stay BUY (29 Nov 2022)
https://bit.ly/3ELEvwf
Previous Report: Axiata Group : Decent 1H22 Despite Macro Challenges; Keep BUY (29 Aug 2022)
https://bit.ly/3ioborz
IOI Corp (IOI MK, BUY, TP: MYR4.60)
Stellar Start To The Year; Keep BUY
Results Review
Maintain BUY, with new SOP-based TP of MYR4.60 from MYR4.65, 16% upside and c.4% FY23F (Jun) yield. IOI Corp’s 1QFY23 core net profit came in above both our and consensus estimates. Given our expectations of volatile CPO prices, we believe the company will perform better than its peers, due to its integrated business model. Valuation is attractive – trading at 13.7x FY23F P/E, more than -3SD from its historical mean of 23x and in line with its peers of 12-16x.
Analyst: Hoe Lee Leng +603 9280 8860
Today’s Report: IOI Corp : Stellar Start To The Year; Keep BUY (29 Nov 2022)
https://bit.ly/3u9jFSx
Previous Report: IOI Corp : Integrated Player With Inexpensive Valuation; BUY (26 Aug 2022)
https://bit.ly/3u6rNmL
Sunway (SWB MK, BUY, TP: MYR2.06)
Earnings Growth Still Robust; Maintain BUY
Results Review
Maintain BUY and MYR2.06 TP, 30% upside with c.3% FY22F yield. Sunway’s 3Q22 results outperformed expectations. Its property investment division continued to see encouraging growth. Although there could be some downside risk to management’s MYR2.2bn sales target – given the impact of the interest rate hikes – we think the group’s leisure, hospitality and healthcare segments should continue to benefit from the recovery in the domestic leisure and medical-related tourism sectors.
Analyst: Loong Kok Wen CFA +603 9280 8861
Today’s Report: Sunway : Earnings Growth Still Robust; Maintain BUY (29 Nov 2022)
https://bit.ly/3u8Ohnl
Previous Report: Sunway : At The Forefront Of ESG; Stay BUY (16 Nov 2022)
https://bit.ly/3VqpUx4
Affin (ABANK MK, BUY, TP: MYR2.80) – UPGRADE
Clearer Picture On Asset Quality; U/G To BUY
Results Review
Upgrade to BUY from Trading Buy, with new GGM-derived MYR2.80 TP from MYR2.45, 15% upside and c.6% FY23F yield. Affin’s 9M22 results met expectations, with higher-than-expected pre-emptive provisions demonstrating management’s commitment to preserving asset quality. While the share price has risen c.41% YTD, rapidly-improving asset quality and the inclusion of Affin into the MSCI Global Small Cap Index – effective 1 Dec 2022 – offers further upside opportunities, in our view.
Analysts: Nabil Thoo +603 9280 2174, Fiona Leong +603 9280 8886
Today’s Report: Affin : Clearer Picture On Asset Quality; U/G To BUY (29 Nov 2022)
https://bit.ly/3UhNSJI
Previous Report: Affin : Special Dividend On The Cards? U/G TRADING BUY (23 Sep 2022)
https://bit.ly/3ipT9Sc
KPJ Healthcare (KPJ MK, BUY, TP: MYR1.20)
On The Right Track; Keep BUY
Company Update
Keep BUY, with new DCF-derived TP of MYR1.20 from MYR1.03, 23% upside and c.2% FY23F yield. We remain upbeat on KPJ Healthcare post 3Q22 earnings briefing. Growth outlook is underpinned by returning medical tourists, increase in the numbers of surgeries (elective and acute cases) and improved operating efficiency as evident by the better bed occupancy rate. Our TP incorporates a 0% ESG premium and represents 28x 2023F P/E or -0.5SD from its mean of 35x on healthy 2023F earnings outlook of 32%.
Analyst: Oong Chun Sung +603 9280 2181
Today’s Report: KPJ Healthcare : On The Right Track; Keep BUY (29 Nov 2022)
https://bit.ly/3OYYGf7
Previous Report: KPJ Healthcare : Stellar Quarter; Keep BUY (24 Nov 2022)
https://bit.ly/3ihprPs
Guan Chong (GUAN MK, BUY, TP: MYR4)
All Set To Reach The Next Milestone; Still BUY
Company Update
Keep BUY and MYR4 TP, 75% upside and c.4% FY23F yield. We came away from the post-results briefing feeling positive on the optimistic outlook in FY23F, supported by an uptrending combined ratio on sustained robust demand, additional production capacity, and profitability of Schokinag operations on lower energy costs and better operating efficiency. Current valuation of 8X FY23F P/E is very attractive for the world’s fourth largest cocoa grinder with a solid diverse clientele base.
Analyst: Lee Meng Horng +603 9280 8866
Today’s Report: Guan Chong : All Set To Reach The Next Milestone; Still BUY (29 Nov 2022)
https://bit.ly/3F9kscp
Previous Report: Guan Chong : Ivory Coast To Fuel Growth In FY23F; Keep BUY (23 Nov 2022)
https://bit.ly/3VuP4dQ
Sarawak Oil Palms (SOP MK, BUY, TP: MYR3)
Attractively Valued Upstream Player; Keep BUY
Results Review
Maintain BUY and MYR3 TP, 15% upside and c.4% FY23F yield. Sarawak Oil Palms’ 9M22 results were in line with our, but exceeded Street expectations, at 77% and 90% of full-year forecasts. We believe the company remains attractively valued, currently trading at 6x FY23F P/E, at the low end of its peer range of 6-8x.
Analyst: Hoe Lee Leng +603 9280 8860
Today’s Report: Sarawak Oil Palms : Attractively Valued Upstream Player; Keep BUY (29 Nov 2022)
https://bit.ly/3GQu9hr
Previous Report: Sarawak Oil Palms : Continuing To Deliver Despite Labour Issues; Keep BUY (12 Sep 2022)
https://bit.ly/3AS1Vim
Coraza Integrated Technology (CORAZA MK, BUY, TP: MYR0.91)
Growing Steadily; Stay BUY
Results Review
Stay BUY, new MYR0.91 TP from MYR0.93, 33% upside. Coraza Integrated Technology posted a record-high 3Q22 revenue on improved business performances and a favourable FX rate. Nevertheless, 9M22 core earnings of MYR11.4m (+35.6% YoY) were a slight miss on lower-than-expected margins – dragged down by higher fixed costs. Yet, we remain bullish on its sustained robust demand from existing and potential customers from various industries, backed by its ongoing capacity expansion plans, orders, and cost past-through exercise.
Analyst: Lee Meng Horng +603 9280 8866
Today’s Report: Coraza Integrated Technology : Growing Steadily; Stay BUY (29 Nov 2022)
https://bit.ly/3EOOe5b
Previous Report: Coraza Integrated Technology : Positive Growth Outlook; U/G To BUY (9 Sep 2022)
https://bit.ly/3VB0zAx
Petronas Chemicals (PCHEM MK, NEUTRAL, TP: MYR9.34)
Stay Cautious And Watchful
Results Review
Keep NEUTRAL and MYR9.34 TP, 3% upside. We remain cautious on the petrochemicals market, amidst uncertain economic growth prospects and a vague earnings growth profile from Pengerang Integrated Complex. We are also watchful over the upcoming ethane feedstock supply agreement renewal due in mid-2023 amidst elevated gas prices and maiden earnings contribution from Perstorp following completion of the acquisition in Oct 2022.
Analyst: Sean Lim CFA +603 9280 8867
Today’s Report: Petronas Chemicals : Stay Cautious And Watchful (29 Nov 2022)
https://bit.ly/3VeaE6B
Previous Report: Petronas Chemicals : Have Earnings Peaked? D/G To NEUTRAL (23 Aug 2022)
https://bit.ly/3Vc4LH8
IJM Corp (IJM MK, NEUTRAL, TP: MYR1.59)
Solid Quarter But Most Positives Already Priced In
Results Review
Maintain NEUTRAL and MYR1.59 TP, 1% upside. IJM Corp’s 1HFY23 (Mar) core earnings of MYR144.2m (>+50% YoY) met our, but missed Street estimates – accounting for 49% and 44% of full-year projections. Positives regarding the Mass Rapid Transit 3 (MRT3) wins have likely been priced in without any other big catalysts in sight. Hence, we think the stock is fairly valued. Our NEUTRAL call is also premised on its MYR4.8bn current orderbook – a far cry from the MYR9.4bn level seen at end-FY18.
Analyst: Adam Bin Mohamed Rahim +603 9280 8682
Today’s Report: IJM Corp : Solid Quarter But Most Positives Already Priced In (29 Nov 2022)
https://bit.ly/3UaTjKt
Previous Report: IJM Corp : Timely Job Wins But Orderbook Still Lacks Lustre (19 Oct 2022)
https://bit.ly/3Ved1GP
M+ Online Technical Focus – 30Nov22
Hibiscus Petroleum Bhd: Riding onto elevated crude oil prices
Trading Catalyst
• Malaysia’s first public listed independent oil and gas exploration and production firm, focusing on the development and production of oilfield assets in United Kingdom, Malaysia and Australia.
• Project to replace the failed riser at the Anasuria Cluster was completed in September 2022 and that may improve overall production efficiency.
• Organization of Petroleum Exporting Countries (OPEC) and its allies may step up their efforts to cut production in bid to support prices.
• Technically, traders may anticipate for a potential breakout above RM1.07 to target the next resistances at RM1.16-1.24 with long term target set at RM1.38.
Technical View
(i) HIBISCS (S: RM0.99, R: RM1.16-1.24, LT TP: RM1.38, CL: RM0.985)
S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss
Source: Bloomberg, M+ Online
RHB ♦️ Investment Bank Bhd
Retail Research
Technical Analyzer
30-Nov-22
Download report at : https://tinyurl.com/mvv9ddnd
NICE (7139) : Shariah-Compliant
Outlook : Pending Breakout MYR0.14
Levels : MYR0.16, MYR0.18
Exit : Below MYR0.13
(time frame: 2-4 weeks)
JTIASA (4383) : Shariah-Compliant
Outlook : Breakout MYR0.615
Level : MYR0.68, MYR0.75
Exit : Below MYR0.58
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only..
Leform Bhd (0266) steel product manufacturer is making its debut on the ACE Market of Bursa Malaysia today.
Oversubscribed by just 1.42x IPO price of RM0.23 at market capitalisation of RM340.6m
It is raising RM71.5m from this listing exercise for expansion (new headquarters and warehouse), working capital and to repay bank borrowings.
RHB Investment Bank and TA Securities have given target price of RM0.20 – RM0.22 (below IPO price of RM0.23) and it just reported Q3FY22 with a loss -RM3.78m !
The following information is extracted from CGS-CIMB Research Report. For the full research reports and disclaimers, please logon to your account on www.cgs-cimb.com.my and click on Tab.
Malaysia:
Focus Lumber (5197) (RM0.685): Technical Buy
Targets: RM0.71, RM0.77
Stop: RM0.625
Paramount Corporation (1724) (RM0.755): Technical Buy
Targets: RM0.80, RM0.83
Stop: RM0.695
Fundamental Report(s):
Petronas Dagangan Bhd – Subsidy rationalisation is key derating catalyst (Downgrade to Reduce with a lower TP of RM18.59)
UOA Development – New launches likely delayed to FY23F (Upgrade to Hold with a lower TP of RM1.67)
FM Global Logistics – Taking a more cautious stance in FY23-24F (Maintain Add with a lower TP of RM0.65)
Genetec Technology Bhd – 2QFY23: Record-breaking quarter (Maintain Add with a higher TP of RM4.60)
Hong Leong Bank – Painting a positive picture for BOC (Maintain Add with a higher TP of RM25.30)
IGB Bhd – 9MFY22 anchored by retail and associates (Maintain Add with a lower TP of RM2.57)
Kotra Industries – Earnings momentum good, but priced in (Maintain Hold with a higher TP of RM5.26)
Malakoff Corporation – Fuel margin to normalise in 4Q22F (Maintain Add with a higher TP of RM1.02)
Malaysia Airports Holdings – Future China reopening a powerful catalyst (Maintain Add with a higher TP of RM7.48)
Media Chinese Int’l – Three cheers for Hong Kong (Maintain Add with a higher TP of RM0.21)
MY E.G. Services – Windfall from one-off gain from Agmo listing (Maintain Add with a lower TP of RM1.10)
Optimax Holdings – 3Q in line; staying on the fast track in FY23F (Maintain Add with a higher TP of RM1.12)
QL Resources – 1HFY23: Firing all on all cylinders (Maintain Add with a higher TP of RM6.50)
Sarawak Plantation – Lower CPO prices dim FY23F prospects (Maintain Hold with a higher TP of RM2.20)
Sime Darby Property Berhad – Exceeds FY22F new property sales target (Maintain Add with a lower TP of RM0.64)
Sunway Bhd – Strong post-pandemic earnings recovery (Maintain Hold with a lower TP of RM1.73)
UMW Holdings – Interim dividend a positive surprise (Maintain Add with a lower TP of RM4.20)
Strategy Note – Key insights into weekly flows (21/11-25/11)
InNature Bhd – Expecting 4Q22F to be a stronger quarter (Maintain Hold with an unchanged TP of RM0.55)
RHB Bank Bhd – Topline growth driven by OPR hikes (Maintain Add with an unchanged TP of RM7.62)
Thong Guan Industries – Stronger quarters ahead (Maintain Add with an unchanged TP of RM4.54)
WCT Holdings – Job prospects may improve post-GE15 (Maintain Hold with an unchanged TP of RM0.59)
30th Nov 2022
Disclaimers: This distribution is by CGS-CIMB Securities Sdn. Bhd. (“CGS-CIMB”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS-CIMB, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
UOBKH Retail Market Monitor
30 November 2022
Stocks To Watch:
1) AEMULUS (KLSE: 0181)
Technical BUY with +35.2% potential return
- Last: RM0.44 TP: RM0.53, RM0.595 SL: RM0.33
- Timeframe: 2 weeks to 2 months
- Shariah: YES
2) PPHB (KLSE: 8273)
Technical BUY with +30.2% potential return
- Last: RM0.645 TP: RM0.725, RM0.84 SL: RM0.565
- Timeframe: 2 weeks to 2 months
- Shariah: YES
3) VS (KLSE: 6963)
Technical BUY with +19.8% potential return
- Last: RM0.90 TP: RM1.03, RM1.09 SL: RM0.805
- Timeframe: 2 weeks to 2 months
- Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
M+ Online Technical Trading Stocks – 1Dec22
Stock Name: FRONTKN (0128)
Entry: Buy above RM3.07
Target: RM3.22 (4.9%), RM3.31 (7.8%)
Stop: RM2.92 (-4.9%)
Shariah: Yes
Technical: Flag-formation breakout
Stock Name: NTPM (5066)
Entry: Buy above RM0.475
Target: RM0.515 (8.4%), RM0.535 (12.6%)
Stop: RM0.445 (-6.3%)
Shariah: Yes
Technical: Monitor for breakout
Source: Bloomberg, M+ Online
The following information is extracted from CGS-CIMB Research Report. For the full research reports and disclaimers, please logon to your account on www.cgs-cimb.com.my and click on Tab.
Malaysia:
*SCGM Bhd (7247) * (RM0.855): Technical Buy
Targets: RM0.92, RM0.98
Stop: RM0.76
SKP Resources (7155) (RM1.71): Technical Buy
Targets: RM1.85, RM1.98
Stop: RM1.55
Fundamental Report(s):
Infomina Berhad – Tier 1 VAD – Broadcom mainframe software (Initiate Add with a TP of RM1.15)
Ta Ann Holdings – Upgrade to Add on attractive dividend yields (Upgrade to Add with a higher TP of RM4.34)
7-Eleven Malaysia Holdings – 7-café format store on the right track (Maintain Hold with a higher TP of RM1.72)
Alliance Bank Malaysia Berhad – Higher LLP in 2HFY23 offset by wider NIM (Maintain Hold with a higher TP of RM3.85)
FGV Holdings Bhd – Concerns of delisting could cap share price (Maintain Hold with a lower TP of RM1.40)
IHH Healthcare Bhd – Underlying resilience swayed by Turkish Lira (Maintain Add with a lower TP of RM7.33)
Mah Sing Group – 4Q22 earnings to remain strong (Maintain Add with a lower TP of RM0.69)
MKH Berhad – Lower plantation profit to dent earnings (Maintain Hold with a higher TP of RM1.35)
Public Bank Bhd – Riding on NIM expansion (Maintain Add with a higher TP of RM5.20)
SAM Engineering & Equipment – Facing near-term turbulence (Maintain Reduce with a lower TP of RM4.90)
SKP Resources Bhd – Potential slowdown in global end-demand (Maintain Add with a lower TP of RM1.96)
AMMB Holdings – Expecting higher LLP in 2HFY23F (Maintain Add with an unchanged TP of RM4.39)
Bank Islam Malaysia Bhd – Potential increase in cost of funds (Maintain Hold with an unchanged TP of RM2.74)
FM Global Logistics – Freight volumes remain on growth path (Maintain Add with an unchanged TP of RM0.65)
Media Prima Bhd – The beauty in diversification (Maintain Add with an unchanged TP of RM0.49)
Senheng New Retail Bhd – New mobile format store in FY23F (Maintain Hold with an unchanged TP of RM0.62)
Velesto Energy Berhad – The path to profitability began in 3Q22 (Maintain Add with an unchanged TP of RM0.17)
WCT Holdings – Short-term uncertainties; turnaround in 1H23 (Maintain Add with an unchanged TP of RM0.59)
Wellcall Holdings – Better times remain ahead (Maintain Add with an unchanged TP of RM1.46)
1st Dec 2022
Disclaimers: This distribution is by CGS-CIMB Securities Sdn. Bhd. (“CGS-CIMB”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS-CIMB, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
RHB ♦️ Investment Bank Bhd
Retail Research
Technical Analyzer
1-Dec-22
Download report at : https://tinyurl.com/3kfrunzr
CORAZA (0240) : Shariah-Compliant
Outlook : Breakout MYR0.71
Levels : MYR0.765, MYR0.87
Exit : Below MYR0.655
(time frame: 2-4 weeks)
HIBISCS (5199) : Shariah-Compliant
Outlook : Breakout MYR1.08
Level : MYR1.16, MYR1.24
Exit : Below MYR1.02
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only..
UOBKH Retail Market Monitor
1 December 2022
Stocks To Watch:
1) VIS (KLSE: 0120)
Technical BUY with +19.3% potential return
- Last: RM0.57 TP: RM0.645, RM0.68 SL: RM0.495
- Timeframe: 2 weeks to 2 months
- Shariah: YES
2) MRDIY (KLSE: 5296)
Technical BUY with +10.5% potential return
- Last: RM2.10 TP: RM2.23, RM2.32 SL: RM1.94
- Timeframe: 2 weeks to 2 months
- Shariah: YES
3) EDARAN (KLSE: 5036)
Technical BUY with +24.5% potential return
- Last: RM0.55 TP: RM0.635, RM0.685 SL: RM0.485
- Timeframe: 2 weeks to 2 months
- Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
M+ Online Technical Focus – 2Dec22
Tomei Consolidated Bhd: Prospects shining brighter
Trading Catalyst
• Founded in 1968 and has 58 retail outlets (as at end-October 2022); all located in major shopping malls in Malaysia.
• Expect demand for jewelries to stay firm, following the influx of wedding activities that was resulted from the backlog in recent years.
• After 7 consecutive months of decline, gold prices have delivered a sturdy recovery, surging 8.3% MoM in November 2022 and is approaching USD1,800/oz.
• Technically, traders may anticipate for a potential breakout above RM0.96 to target the next resistances at RM1.01-1.05 with long term target set at RM1.11.
Technical View
(i) TOMEI (S: RM0.93, R: RM1.01-1.05, LT TP: RM1.11, CL: RM0.925)
S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss
Source: Bloomberg, M+ Online
RHB ♦️ Investment Bank Bhd
Retail Research
Technical Analyzer
2-Dec-22
Download report at : https://tinyurl.com/4rw2rydb
CNERGENZ (0246) : Shariah-Compliant
Outlook : Breakout MYR0.895
Levels : MYR1.00, MYR1.07
Exit : Below MYR0.835
(time frame: 2-4 weeks)
SWSCAP (7186) : Shariah-Compliant
Outlook : Pending Breakout MYR0.28
Level : MYR0.31, MYR0.34
Exit : Below MYR0.26
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only..
UOBKH Retail Market Monitor
2 December 2022
Stocks To Watch:
1) KRONO (KLSE: 0176)
Technical BUY with +18.5% potential return
- Last: RM0.46 TP: RM0.525, RM0.545 SL: RM0.375
- Timeframe: 2 weeks to 2 months
- Shariah: YES
2) CYPARK (KLSE: 5184)
Technical BUY on breakout (RM0.405) with +34.6% potential return
- Last: RM0.39 TP: RM0.485, RM0.545 SL: RM0.345
- Timeframe: 2 weeks to 2 months
- Shariah: YES
3) GADANG (KLSE: 9261)
Technical BUY with +20.6% potential return
- Last: RM0.34 TP: RM0.385, RM0.41 SL: RM0.29
- Timeframe: 2 weeks to 2 months
- Shariah: YES
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
Technical tracker – HLIB Retail Research –12 December 2022
FOCUSP: Get ready for a prosperity year ahead
Optical and F&B segments to grow further. Accounting for 83% of the group’s 9M22 revenue, the optical segment is expected to grow in line with new store openings and new corporate clients, evidenced by the burgeoning corporate sales after signed up more corporate clients in early 2022. As the month of Dec marks most of its corporate clients’ FYE, Dec sales from the corporate client segment is expected to be strong as employees rush to utilize their benefits. Separately, FOCUSP has launched 15 optical stores YTD and is targeting 12-15 new stores in FY23. The expansion in the optical business will enable the group to bargain for higher rebates from its key suppliers which are mainly the established foreign brands.
For F&B segment, FOCUSP is in an advance stage of discussion with its airline corporate client, which would bump up the CK2 utilization rate to 80% (from 50%) should the deal materialize. Meanwhile, sales from other corporate clients remain stable.
Brace for a strong 4Q22 earnings. Though management shared that optical sales was relatively soft in Nov due to the lower footfall to malls amid the World Cup and GE15, management believes that the momentum will pick up strongly in Dec-Jan on the back of year-end sales and CNY. In fact, 4Q tends to be FOCUSP’s seasonally stronger quarter due to the recognition of rebates of optical sales. With FOCUSP having more store counts and corporate clients than before, we opine that 4Q22 will deliver a stellar end to FY22.
Main board listing. After meeting the main market listing requirements, FOCUSP has secured SC’s approval to grant its listing to Main market in Nov (proposed in Aug). The move will be another strong catalyst for share price rerating as it allows FOCUSP to gain access to a wider investor base.
Pending breakout. At RM0.82, FOCUSP is trading at an undemanding 7.5x FY23 P/E (48% discount against its 5-year average of 14.7x), which has yet to reflect the positives, in our view. Hence, we reiterate accumulate stance in FOCUSP to ride on the catalysts abovementioned. Technically, FOCUSP is pending for a long-term resistance breakout of RM0.83. A successful breakout above the said hurdle will signal a new up-leg toward RM0.88-0.96-1.05. Cut lost at RM0.70.
Collection range: RM0.77-0.80-0.82
Upside targets: RM0.88-0.96-1.05
Cut: RM0.70
DISCLAIMER: https://www.hlebroking.com/v3/disclaimer.aspx
The following information is extracted from CGS-CIMB Research Report. For the full research reports and disclaimers, please logon to your account on www.cgs-cimb.com.my and click on Tab.
Malaysia:
Ecomate Holdings (0239) (RM0.855): Technical Buy
Targets: RM0.92, RM0.955
Stop: RM0.775
RGB International (0037) (RM0.18): Technical Buy
Targets: RM0.20, RM0.21
Stop: RM0.15
Fundamental Report(s):
Bonia Corporation – A strong start to kick off FY23F (Maintain Add with a higher TP of RM3.00)
Malaysian Resources Corp – Property earnings boost offset weak infra (Maintain Hold with a lower TP of RM0.34)
Strategy Note – AMMB and QL Resources gain entry to KLCI
Travel & Leisure – Overall – Exploring escape routes (Maintain Overweight)
GHL Systems Bhd – Staying on the recovery path (Maintain Hold with an unchanged TP of RM0.80)
IHH Healthcare Bhd – Confident of tiding through headwinds (Maintain Add with an unchanged TP of RM7.33)
Kotra Industries – Weaker local sales qoq in 2QFY6/23F (Maintain Hold with an unchanged TP of RM5.26)
Panasonic Manufacturing Malaysia Berhad – Near-term headwinds remain in sight (Maintain Reduce with an unchanged TP of RM20.50)
Banks – Loan growth likely to ease in Nov-Dec 22F (Maintain Overweight)
2nd Dec 2022
Disclaimers: This distribution is by CGS-CIMB Securities Sdn. Bhd. (“CGS-CIMB”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS-CIMB, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
