Monday, August 31, 2020
Trading Stocks
The following information is extracted from CGS-CIMB Research Report.
Malaysia:
Mega First Corporation (3069) (RM7.57): Technical Buy
Targets: RM8.00, RM8.50
Stop: RM7.07
Kumpulan Perangsang Selangor (5843) (RM0.71): Technical Buy
Targets: RM0.79, RM0.86
Stop: RM0.605
Fundamental Report(s):
IJM Corp Bhd - Favourable risk-reward post 1Q slump (Upgrade to Add with a lower TP of RM1.59)
LBS Bina Group - Expecting a stronger 2H20F (Downgrade to Hold with a TP of RM0.47)
Axis REIT - Still on a steady growth trajectory (Maintain Add with a higher TP of RM2.30)
BIMB Holdings - Benign 1H20 LLP not sustainable? (Maintain Reduce with a lower TP of RM3.24)
Bonia Corporation - FY20 net profit above expectations (Maintain Add with a lower TP of RM0.95)
IHH Healthcare Bhd - Better quarters ahead (Maintain Add with a lower TP of RM6.10)
Inari-Amertron Bhd - Better times ahead (Maintain Hold with a higher TP of RM2.35)
KPJ Healthcare - Seeing green shoots of recovery (Maintain Add with a lower TP of RM0.95)
Protasco - Cracked into the red in 1H20 (Maintain Hold with a lower TP of RM0.21)
Sime Darby Bhd - 4QFY6/20: Driven by recovery in China (Maintain Add with a higher TP of RM2.65)
Success Transformer Corp - Look beyond weak near-term outlook (Maintain Add with a lower TP of RM0.62)
Telekom Malaysia - 2Q20 lifted by strong cost control (Maintain Hold with a higher TP of RM4.30)
WCT Holdings - Subdued billings due to MCO in 1H20 (Maintain Hold with a lower TP of RM0.40)
7-Eleven Malaysia Holdings - 2QFY20: Maiden Caring Group contribution (Maintain Add with a TP of RM1.63)
Eastern & Oriental - 1QFY21 dips into the red due to MCO (Maintain Hold with a TP of RM0.43)
Kuala Lumpur Kepong - Expanding its estates in East Kalimantan (Maintain Hold with a TP of RM23.65)
Oceancash Pacific Bhd - 2QFY20: Insulation segment hit by Covid-19 (Maintain Reduce with a TP of RM0.48)
QL Resources - A tad too costly (Maintain Reduce with a TP of RM7.05)
