Technical Analyzer

Pestech International (5219)

Sector: Industrial Prod & Svcs

Sub-sector: Industrial Engineering

Outlook: Pending breakout MYR0.85

Levels: MYR0.88, MYR0.94

Exit: MYR0.78

(time frame: 2-4 weeks)

Southern Cable Group (0225)

Sector: Industrial Prod & Svcs

Sub-sector: Industrial Materials, Components & Equipmt

Outlook: Breakout MYR0.405

Levels: MYR0.43, MYR0.46

Exit: MYR0.37

(time frame: 2-4 weeks)

Heveaboard (5095)

Sector: Industrial Prod & Svcs

Sub-sector: Wood & Wood Prod

Outlook: Breakout MYR0.795

Levels: MYR0.855, MYR0.90

Exit: MYR0.75

(time frame: 2-4 weeks)

OCK Group (0172)

Sector: Telecommunications & Media

Sub-sector: Telecommunications Svcs Providers

Outlook: Breakout MYR0.47

Levels: MYR0.51, MYR0.58

Exit: MYR0.45

(time frame: 2-4 weeks)

Magni-Tech Industries (7087) (RM2.52): Technical Buy

Targets: RM2.70, 2.80

Stop: RM2.37

HeveaBoard (5095) (RM0.815): Technical Buy 

Targets: RM0.87, 0.95

Stop: RM0.69

Technical tracker - HLIB Retail Research

KERJAYA – Steady earnings and strong balance sheet to ride through industry headwinds

Thriving in a challenging market Despite facing headwinds in construction and property markets, KERJAYA is envisaged to deliver a steady FY19-22 EPS CAGR of 9%, supported by its robust outstanding order book of RM3.6bn (~3Y earnings visibility) and superior margins against peers coupled with steady job flows from a diverse client pool amid strong track record and timely project delivery. 

Limited downside After sliding 29% from YTD high of RM1.44, downside risk seems limited, cushioned by company’s share buy-back exercise, undemanding valuation at 9x FY21E P/E (62% below peers) and a strong net cash of RM182m or 14.7sen per share*.

Trend:  Bullish downtrend line breakout

R1-R2: 1.11-1.18

LT objective: 1.26 

S1-S2: 0.96-0.94

Cut: 0.92