2018-08-07 04:30
Still convalescing from the heavy selldown post GE, our July alpha picks delivered a simple average gain of 11.3%, above FBMKLCI’s +5.5%, as the new government’s decisions on meg… Read More
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Bursa Malaysia Stock Market Analysis Digest Blog
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A blog about KLSE FBM KLCI analysis, Bursa Malaysia stock picks analysis and shares research
2018-07-11 03:10
SKP RESOURCES BHD SKPRES has gapped- - up to close above the EMA20 level accompanied by improved volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above… Read More
2018-07-06 00:50
From bad to worse: Stop work order for ECRL
■ Malaysia Rail Link (MRL) has confirmed The Edge Markets’ report that MRL had instructed CCCC to suspend construction works of the E… Read More
2018-07-04 01:52
KAREX BERHAD Stock Code: 5247 KAREX gained 5 sen yesterday (5.88%), closing at RM0.900, backed by above-average trading volume. Chart-wise, the stock has been trading… Read More
2018-06-27 05:10
Symmetrical triangle breakout. SCICOM could be riding on the healthy tourist growth (11.8% in 2017) in Cambodia, following the award of contract from Ministry of Tourism of Cambodia. SCICOM… Read More
2018-05-16 02:31
Reassurance From New Council Of Eminent Persons The Council of Eminent Persons held a briefing for investors, shedding some light on certain broad-based measures. However, details of fi… Read More
2018-05-13 23:40
GE14 Results: Sweeping Changes Pakatan Harapan creates history with its surprising sweep of parliamentary and state seats in the most hotly contested elections in Malaysia. While widely exp… Read More
2018-05-03 01:44
We found that the historical performance of the KLCI in May has been mixed, registering average mom negative return of 0.1% over the past 10 years and posting positive mom declines in five o… Read More
2018-04-18 03:35
Trading Idea - KOBAY TECHNOLOGY BHD (stock code 6971) ● Target Price RM1.30 ● Last closing price RM1.12 ● Potential return 16.0% ● Support RM1.05 `… Read More
2018-04-17 03:09
Many stocks have been caught up in the sell-off, which include domestic-centric stocks that should not have been directly impacted by a limited trade spat. We highlight four such stocks: Gen… Read More
2018-04-11 02:22
The upcoming general election could be a moderate market sway factor; 2H18’s market outlook would be cautious regardless of the outcome. While ruling coalition BN is set to retain the… Read More
2018-03-15 01:55
Malaysia (Underweight) “Earnings growth still intact”, 5 5 March Bernard Ching,
Macro conditions in Malaysia remain encouraging 4Q17 GDP growth of 5.9% was ahead of expe… Read More
2018-03-13 04:30
DAYANG ENTERPRISE HOLDINGS BHD Stock Code 5141 Target Price RM0.890 Last closing price RM0.800 Potential return 11.2% Support RM0.750 Stop Loss RM0.720 Possible for further… Read More
2018-03-06 02:54
Our February alpha picks delivered a simple average return of 2.3%, outperforming the FBMKLCI’s -0.7%. The recent market pullback provides good opportunities to accumulate our March al… Read More
2018-02-20 01:40
• KRONO rose 7.0 sen (10.0%) to close at RM0.770. • Yesterday’s move resulted in a downtrend breakout with MACD in bullish divergence, to signal that the share price has bo… Read More
2018-02-14 02:28
ANN JOO RESOURCES BHD Stock Code: 6556 • Yesterday, ANNJOO gained an impressive 22 sen (6.4%) to close at intraday high of RM3.63. • Yesterday’s move marked a first brea… Read More
2018-02-07 00:21
■ We hosted three speakers at our 2018 Technical, Currency and Feng Shui Day. ■ Our technical chartist indicate that the KLCI uptrend remains intact and could test the 1,9… Read More
2018-01-25 03:36
ORNA - Stock Code: 5065
• ORNA climbed 5.0 sen (3.62%) yesterday to hit RM 1.43.
• Share appears to have broken out from a 2-month consolidation after few failed atte… Read More
2018-01-16 03:19
HUAYANG – Stock Code 5062 • HUAYANG jumped an impressive 6.5 sen (10.4% to RM0.69) yesterday, accompanied by exceptional trading volumes. • Share is now potentially showin… Read More
2018-01-10 00:53
Although our alpha picks’ return of +1.86% trailed the FBMKLCI’s +4.9% in Dec 17 amid hefty year-end window dressing, these picks have started the year with smashing month-to-dat… Read More
2018-01-04 03:32
Malaysian equities should trend higher in 1Q18, fulfilling the historically good correlation between ringgit deposit growth and market performance. However, we continue to expect a duller pe… Read More
2018-01-02 03:37
■ We expect 2018 to be a more volatile and challenging year for the Malaysian market compared to 2017. ■ The key challenges include slower GDP growth in 2018, potential… Read More
2017-12-29 03:22
SALUTICA BERHAD Stock Code: 0183 Above: Salute daily chart (click to enlarge view) SALUTE has experienced a flag- - formation breakout above the RM1.35 level with improved volumes. T… Read More
2017-12-18 02:07
■ Petronas recently released its activity outlook report, and the guidance for the volume of work in 2018-19F appears to have increased from the previous March guidance. ■ Th… Read More
2017-12-05 00:48
● CS' FX strategy team has raised USDMYR forecast to 4.0 in three months and 3.80 in 12 months (from 4.10 and 4.0 previously). RM has appreciated 8% vs the USD YTD and is currently at… Read More
2017-11-26 11:38
■ Press Metal and Hartalega may have qualified for inclusion into KLCI. ■ BAT and IJM will most likely be deleted from KLCI to make way for the new inclusions. ■ S… Read More
2017-11-05 20:31
Infra pump priming and consumer spending led 2018E GDP growth of 5.2% Prime Minister Najib set an upbeat tone in 2018 Budget by forecasting 5.2% to 5.8% GDP growth. The pillars of 2018 G… Read More
2017-11-01 03:37
Clear Budget 2018 winners include ExcelForce (NR, alternative trading platform), Gamuda (BUY, MRT3) and potentially MRCB (EDL).
The ambitious Budget 2018 is the most robust in years (+6.5%… Read More
2017-10-10 01:51
■ We expect Budget 2018, due to be tabled on 27 Oct, to be mildly positive for market.
■ The consumer sector is a likely beneficiary of social assistance from government… Read More
2017-10-05 00:36
Top Bursa Malaysia Stock Picks 4Q17 On stock picks, we are fairly selective this round. We even ran a Model Portfolio Optimisation to have a better idea on potential performance of our new… Read More
2017-10-04 00:37
Taking the first “LEAP” ■ The LEAP market is Bursa’s third market, after the Main and ACE markets. ■ Cloudaron will be the first company to list, with ma… Read More
2017-10-03 02:13
MUDAJYA gained 4 sen (3.7%) yesterday to close at RM1.12, bucking the trend to stage a significant break-above from its downward consolidation trend since early-June. Coupled with positive u… Read More
2017-09-20 02:00
EATECH’s share price rose an impressive 2.5 sen (5.8%) yesterday, closing at RM0.455 on the back of exceptionally healthy trading volume, with 5.2m shares exchanging hands - equivalent… Read More
2017-09-06 05:52
A4 out of our 5 alpha picks outperformed the stagnant market in Aug 17 (FBMKLCI 0.7%), with three of our BUY picks delivering impressive monthly returns. Our portfolio of picks delivered a r… Read More
2017-08-21 03:07
Stock Code: 0049 OCNCASH has formed a bullish engulfing candle to close above the EMA20 level accompanied by rising volumes. The MACD Histogram extended another green bar, while the RSI h… Read More
2017-08-16 02:11
PWF CONSOLIDATED Stock Code 7134 PWF has formed a breakout- - pullback- - continuation pattern above the EMA60 level. The MACD Indicator has issued a BUY signal, while the RSI is above 50… Read More
2017-08-14 03:46
Steel- Maintain MARKET WEIGHT. Maintain HOLD for Ann Joo Resources. Prefer deep-value stock – Choo Bee Metal Industries. Potential beneficiary of various highway projects – Prest… Read More
2017-08-10 03:05
Yongtai Stock Code: 7066
Target Price RM1.47; RM1.60 Last closing price RM1.38 Potential return 6.5%, 15.9% Support RM1.36 Stop Loss RM1.27
Possible for further upside… Read More
2017-08-07 01:08
Foreigners have returned in 2017. Stocks with big change in foreign shareholdings and top stock ideas
● The latest release of fund flows data showed that foreign institutions add… Read More
2017-07-31 13:35
Attractive warrant with step-down mechanism COMMENTS ■ Sunway issued a circular with more details on the proposed bonus issue and free warrants. To recap, Sunway had prop… Read More
2017-07-31 01:42
Earnings recovery to resuscitate price momentum FBM KLCI 2017 Year-end Target: 1,830 points The FBM KLCI retreated from its YTD high of 1,796.75 points… Foreign investors were net… Read More
2017-07-30 01:09
■ CIMB co-hosted Invest Malaysia 2017, which ran from 25-26 July 2017. ■ This year's event attracted some 900 fund managers with total assets under management (AUM) of… Read More
2017-07-26 07:07
Any price dips on Axiata towards the lower Bollinger band (RM4.56) should be attractive to bargain for rebound upside to RM4.90, with the 38.2%FR (RM5.15) and 50%FR (RM5.48) acting as toughe… Read More
2017-07-25 01:47
Railway-related Jobs To Dominate In 2H17 We expect construction job awards to gain momentum in 2H17 after the lull period in 1H17 due to seasonal factors. In the near term, key events to lo… Read More
2017-07-20 05:52
Gamuda (GAM)
The LT wedge pattern for Gamuda (GAM) is still intact and the price movements in the 1H2017 were in line with what we expected. After breaking out above RM4.94, the stock is… Read More
2017-07-13 02:19
Top 10 Bigcap Stock Picks. Top 10 Small Midcap Stock Picks • Portfolio & stocks selection criteria. While we remain an advocate to portfolio exposures with a combination of stocks… Read More
2017-07-10 04:17
We expect local tech companies, particularly those with high sales exposure to US smartphone brands, to deliver strong report cards from 2Q17 onwards. This could include upstream testing equ… Read More
2017-06-14 23:48
Malaysia Market Strategy. YTLP, YTL and EWI are most exposed to the UK ● UK’s hung parliament increases political, Brexit and Sterling risks. ● Over three working days… Read More
2017-06-07 23:01
Prescriptions For A Lull Period Only three out of our five BUY alpha picks outperformed the market in May 17 (FBMKLCI: -0.12%), delivering a simple average of -0.98%, while our sole alpha… Read More
2017-05-16 03:45
The News ●UMW Oil & Gas Corporation Bhd (UMWOG) has been awarded two new contracts from Petronas Carigali for the provision of drilling services as part of Petronas Carigali&rs&hell…Read More
2017-05-10 22:41
■ Over the weekend, local press reports laid out potential new names that could co-implement Bandar Malaysia’s masterplan. ■ Starbiz source did not rule out the possibil… Read More
2017-05-09 01:20
Alpha Picks: To Also Outperform In A Defensive Market Four out of our six alpha picks outperformed the market in Apr 17 (FBMKLCI: 1.6%). For our May picks, we replace stellar performer Ann… Read More
2017-04-11 02:45
SEAL INCORPORATED BHD Stock Code: 4286 Despite recent consolidation, SEAL has been able to hold on above its critical supports of 60-day & 200-day EMA lines as well as the “Ich… Read More
2017-04-06 02:04
Turn of the Month effect. Referring to our report dated 28 March 2017, we have duly analysed the performance of our top 5 picks based on the Turn of the Month Effect for March/April 2017 cyc… Read More
2017-04-03 02:12
While only four of our alpha picks outperformed the market in Mar 17, the picks collectively still delivered a respectable simple average return of 4.6% for the month (FBMKLCI: 2.7%). We sho… Read More
2017-03-29 02:48
TECFAST has been consolidating over the past week after a prior strong two-week rally. Yesterday, the share price surged 6.5 sen (19.4%) to close at RM0.40 to confirm a bullish &l&hell…Read More
2017-03-14 02:00
JCY Target Price RM0.71. JCY Daily Chart (click to enlarge): JCY saw its share price climbing 2.5 sen (4.03%) to close at RM0.645 on strong trading volume. The bullish price action yester… Read More
2017-03-06 03:56
Stock Code 1651 MRB Daily Chart: MRCB has formed a breakout-pullback-continuation pattern above the EMA60 level with high volumes. The MACD Histogram has turned green, while the RSI has ri… Read More
2017-02-28 04:06
Yesterday, OKA’s share price surged to an intraday high of RM1.39, before ending the day up by 3.0 sen (2.3%) at RM1.35. This came on the back of its 3Q17 earnings announcement on Frid… Read More
2017-02-27 03:02
Stock Code: 5056 Target Price: RM1.40 Last closing price: RM1.28 Potential return: 9.3% Support: RM1.25 Stop Loss: RM1.19 Up… Read More
2017-02-22 03:07
Stock Code: 5099 Airasia Daily Chart: After rebounding off the EMA20 level, AIRASIA has broken out of the RM2.71 resistance level with improved volumes. The MACD Line has issued a BUY sign… Read More
2017-02-20 01:33
Technical, Currency and Feng Shui outlook for 2017 ■ Three speakers presented at our 2017 Technical, Currency and Feng Shui Day ■ Technical charts point to a better 2H for… Read More
2017-02-16 00:41
Feedback from 2017 econ and strategy roadshow ■ We spent many weeks marketing our economic and strategy outlook to investors. ■ Some foreign funds are looking to raise thei… Read More
2017-02-13 02:24
On expectation of further earnings recovery. 2017 Year-end Target: 1,830 points Price consolidated within a trading band during past 1.5 years… The FBM KLCI has been stuck in a price… Read More
2017-02-07 02:07
ALAM Stock Code: 5115 Target Price @ RM0.36). Yesterday, ALAM rose to a high of RM0.295, before finishing the day up by 1.5 sen (5.5%) to RM0.29 on increased volume. Earlier in December, t… Read More
2017-02-06 02:30
Most of our alpha picks delivered gains in Jan 17, with our average BUY picks beating the FBMEMAS Index’s 2.4% gain. Our line-up for Feb 17: BIMB Holdings, Bumi Armada, Ekovest, Gentin… Read More
2017-02-02 02:23
TALIWRK - Stock Code: 8524. Earnings certainty and domestic-oriented catalyst, supported by attractive DY of 5.4% TALIWRK Daily Chart: pending a downtrend breakout near RM1.50 amid bottomin… Read More
2017-01-31 00:36
Hitting the ground running with new infra jobs ■ LRT 3’s new May award timeline adds to the sector’s infra catalysts. ■ Tender launch for the new BRT KL-Klang is… Read More
2017-01-25 00:44
The Potential Beneficiaries • Highest foreign net inflow since 2013. Foreign investors have been making a comeback on Bursa thus far this year. They had been net buyers in five out of… Read More
2017-01-22 23:36
WHAT’S NEW ● Lacklustre finish. Auto sales in December rose 32% mom but declined 6.6% yoy to 64,822 units. The strong mom increase was expected due to the year-end promotio… Read More
2017-01-15 23:38
Sarawak-based stocks held ground. • Adenan Satem passed away. Sarawak Chief Minister Tan Sri Adenan Satem, died yesterday at age 72 after just about three years in office. Perhaps his… Read More
2017-01-11 23:45
Malaysia’s Dec 16 palm oil inventory was higher than expected at 1.67m tonnes vs 2015’s 2.63m tonnes, but still reflected a decline of 36.8% yoy on the back of weaker production… Read More
2017-01-11 04:37
Stock Code: 4944 Target Price: RM0.610, RM0.630 Last closing price: RM0.560 Potential return: 8.9%, 12.5% Support: RM0.540 Stop Los… Read More
2017-01-05 04:04
Rogue forces awaken ● What keeps us awake at night? Answer: Ringgit. Bank Negara’s recent moves have elevated concerns on the Ringgit among foreign investors. We remain cautious… Read More
2017-01-03 03:00
■ Stronger-than-expected headwinds drag the KLCI lower in 2016, the third ■ consecutive year of declines. We predict a challenging 1H17 for the market, followed by a str… Read More
2016-12-01 02:53
Banks cutting loan growth projection ■ Gross impaired loan ratio remained stable at 1.65% in Sep-Oct 16. ■ Loan growth recovered from 4.2% yoy in Sep 16 to 4.5% yoy in Oct… Read More
2016-11-29 23:54
CONSENSUS TARGET PRICE Userguide: To complement the top down approach, Mercury Securities will be compiling the top three underpriced equities of the respective sectors based on the conse… Read More
2016-11-29 01:47
SAMCHEM (Stock Code: 5147). Despite the broader weakness in the market, SAMCHEM’s share price surged 8.0 sen (6.2%) to finish at RM1.37. Chart-wise, the trend is positive with the… Read More
2016-11-28 02:13
SAKP to be replaced by IJM? Potential changes SAKP may be replaced by IJM Corp in the upcoming FBM KLCI constituents review for December. This would result in slight declines in the in… Read More
2016-11-25 04:35
Overall 34 In; 30 Out; 1 Delisted = 672 IN: Eversendai OUT: GKent & Oldtown
News
SC has published the latest list of Shariah compliant securities under the new screening methodology… Read More
2016-11-24 00:44
GARP Investing - Growth and Value criteria combined
2016 Year-end Target: 1,750 points (under review) FBM KLCI: 1,629.32 points
• GARP Investing is… Growth at Reasonable Price (… Read More
2016-11-23 02:23
above: DKSH daily chart (click to enlarge) Yesterday, DKSH’s (Stock Code: 5908) share price rose 20.0 sen (3.4%) to RM6.15 on increased volume. DKSH is traditionally a thinly traded c… Read More
2016-11-22 04:15
October auto sales were flattish at -0.6% mom, but declined 14.1% yoy to 47,879 units due to the high base in Oct 15 as consumers front-loaded purchases ahead of price hikes. We cut our 2016… Read More
2016-11-16 03:13
AWC Berhad - Stock Code: 7579 AWC Daily Chart:Yesterday, AWC’s share price surged 4.5 sen (14.3%) to finish at RM0.845. Trading volume for the day spiked to almost six-fold its 30-day… Read More
2016-11-14 22:47
Tune Protect Group (Stock Code: 5230) Going In Tune Share Price RM1.62 Target Price RM2.05 Upside +26.5% Current valuation at 12.5x 2017F PE is attractive vs sector’s 15.6x, g… Read More
2016-11-14 01:53
KAREX has rebounded off the RM3.29 level and staged a trendline breakout with high volumes. The MACD Line has given a BUY signal. The RSI has crossed above 50. Price might head towards the R… Read More
2016-11-10 23:29
Malaysia Market Strategy ● We expect stock market volatility to increase in the short term as there is uncertainty over what lies ahead. If global stock markets go into a risk-off mo… Read More
2016-11-09 23:36
Among the Top 100 stocks
• Resumption of earnings upcycle. Valuation yardstick such as price earnings ratio (PER) is easy to use hence its popularity. Nonetheless, it is not able to ca… Read More
2016-11-07 21:31
Alpha Picks: Focusing On Event Catalysts For October, five (63%) of our analysts’ high conviction picks outperformed the market. Our line-up for November includes BIMB Holdings, Bumi… Read More
2016-11-07 21:31
Alpha Picks: Focusing On Event Catalysts For October, five (63%) of our analysts’ high conviction picks outperformed the market. Our line-up for November includes BIMB Holdings, Bumi… Read More
2016-11-07 21:31
Alpha Picks: Focusing On Event Catalysts For October, five (63%) of our analysts’ high conviction picks outperformed the market. Our line-up for November includes BIMB Holdings, Bumi… Read More
2016-11-07 21:31
Alpha Picks: Focusing On Event Catalysts For October, five (63%) of our analysts’ high conviction picks outperformed the market. Our line-up for November includes BIMB Holdings, Bumi… Read More
2016-11-07 21:31
Alpha Picks: Focusing On Event Catalysts For October, five (63%) of our analysts’ high conviction picks outperformed the market. Our line-up for November includes BIMB Holdings, Bumi… Read More
2016-11-07 21:31
Alpha Picks: Focusing On Event Catalysts For October, five (63%) of our analysts’ high conviction picks outperformed the market. Our line-up for November includes BIMB Holdings, Bumi… Read More
2016-11-07 21:31
Alpha Picks: Focusing On Event Catalysts For October, five (63%) of our analysts’ high conviction picks outperformed the market. Our line-up for November includes BIMB Holdings, Bumi… Read More
2016-11-07 21:31
Alpha Picks: Focusing On Event Catalysts For October, five (63%) of our analysts’ high conviction picks outperformed the market. Our line-up for November includes BIMB Holdings, Bumi… Read More
2016-11-03 07:19
● Prime Minister Najib’s six-day official visit to China has taken “bilateral relations between Malaysia and China to a higher level, a new high.” PM Najib has witnes… Read More
2016-10-31 08:02
Limited downside in anticipation of improving results in FY17 -18, undemanding valuations and the emergence of new major shareholder, Lembaga Tabung Haji. IKHMAS share prices tumbled 21.5% f… Read More
2016-10-27 04:50
Turn of the Month effect KLCI: 1,673.92 points. 2016 Year-end Target: 1,750 points Turn of the Month effect. Wealth of studies regarding the “Turn of the Month” ef… Read More
2016-10-25 04:42
Stock Code: 5199 RM0.30 Yesterday, HIBISCS surged 4.5 sen (17.6%) to finish at RM0.30 on high volume (98.0m shares). Last Wednesday, the company announced that it will buy Shell’s 5… Read More
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