Malayan Cement (3794)
Sector: Industrial Prod & Svcs
Sub-sector: Building Materials
Outlook: pending breakout MYR2.50
Levels: MYR2.62, MYR2.90
Exit: MYR2.30
(time frame: 2-4 weeks)
Sector: Industrial Prod & Svcs
Sub-sector: Building Materials
Outlook: pending breakout MYR2.50
Levels: MYR2.62, MYR2.90
Exit: MYR2.30
(time frame: 2-4 weeks)
Boilermech (0168)
Sector: Industrial Prod & Svcs
Sub-sector: Industrial Materials, Components & Equipmt
Outlook: pending breakout MYR0.905
Levels: MYR0.94, MYR0.98
Exit: MYR0.83
(time frame: 2-4 weeks)
Solarvest (0215)
Sector: Industrial Prod & Svcs
Sub-sector: Industrial Svcs
Outlook: Breakout MYR1.63
Levels: MYR1.77, MYR1.86
Exit: MYR1.54
(time frame: 2-4 weeks)
Mieco Chipboard (5001)
Sector: Industrial Prod & Svcs
Sub-sector: Wood & Wood Prod
Outlook: Breakout MYR0.72
Levels: MYR0.78, MYR0.82
Exit: MYR0.68
(time frame: 2-4 weeks)
Maybank Investment Trading ideas for today:
🟨 SUPERMX – BUY, SL: MYR8.00, R1: MYR10.10, R2: MYR11.45
🟨 DANCO – BUY, SL: MYR0.655, R1: MYR0.755, R2: MYR0.830
🟨 GTRONIC – BUY, SL: MYR2.75, R1: MYR3.14, R2: MYR3.43
🟨 SCICOM – BUY, SL: MYR0.880, R1: MYR1.00, R2: MYR1.09
🟨 PIE – BUY, SL: MYR1.95, R1: MYR2.36, R2: MYR2.59
🟨 CRUDE PALM OIL – Forms a new higher low structure
🟨 KLCI INDEX FUTURES – Poised for a rebound
Technical tracker - HLIB Retail Research – 1 Dec 2020
SUNWAY – Promising multi-year growth trajectory
HLIB Research maintains a BUY rating with TP of RM1.95 (10% discount to a SOP-derived value of RM2.17), supported by undemanding 11x FY21E P/E, attractive 5.1% FY21E DY coupled with strong FY20-22 EPS CAGR of 31%, premised on its unbilled sales of RM2.5bn (4.6x cover ratio) and a robust outstanding order book of RM5.6bn (3.2x cover ratio).
Moreover, the value of the healthcare business (with new hospitals and the Sunway Medical expansion coming on stream over the next three years) has yet to be appreciated as it is embedded within the parent-co. Financially, the just concluded RM1.1bn proceeds from ICPS and the proceeds raised from future divestment of stake in healthcare in the later years will further strengthen its balance sheet to pursue business expansion and scale new heights.
Trend: Bullish double bottom formation
R1-R2: 1.50-1.56
LT objective: 1.66
S1-S2: 1.34-1.31
Cut: 1.30
