MRCB (1651)
Outlook: Pending breakout MYR0.465
Levels: MYR0.50, MYR0.53
Exit: MYR0.455
(time frame: 2-4 weeks)
BINACOM (0195)
Outlook: Pending breakout MYR0.375
Levels: MYR0.425, MYR0.45
Exit: MYR0.36
(time frame: 2-4 weeks)
Rohas Tecnic (9741)
Outlook: Breakout MYR0.345
Levels: MYR0.365, MYR0.395
Exit: MYR0.335
(time frame: 2-4 weeks)
Excel Force MSC (0065)
Outlook: Breakout MYR0.48
Levels: MYR0.505, MYR0.53
Exit: MYR0.475
(time frame: 2-4 weeks)
Boustead Holdings (2771)
Outlook: Pending breakout MYR0.64
Levels: MYR0.66, MYR0.685
Exit: MYR0.63
(time frame: 2-4 weeks)
Prestariang (5204)
Outlook: Pending breakout MYR0.505
Levels: MYR0.535, MYR0.58
Exit: MYR0.48
(time frame: 2-4 weeks)
MTAG Group (0213)
Outlook: Breakout MYR0.74
Levels: MYR0.80, MYR0.845
Exit: MYR0.74
(time frame: 2-4 weeks)
OpensSys (M) (0040)
Outlook: Breakout MYR0.625
Levels: MYR0.675, MYR0.715
Exit: MYR0.625
(time frame: 2-4 weeks)
CCK Consolidated (7035)
Outlook: Breakout MYR0.50
Levels: MYR0.545, MYR0.575
Exit: MYR0.49
(time frame: 2-4 weeks)
Scope Industries (0028)
Outlook: Pending breakout MYR0.275
Levels: MYR0.29, MYR0.31
Exit: MYR0.26
(time frame: 2-4 weeks)
ATA IMS (8176) (RM2.33): Technical Buy
Targets: RM2.47, 2.60
Stop: RM2.13
Wellcall Holdings (7231) (RM1.24): Technical Buy
Targets: RM1.35, 1.40
Stop: RM1.09
GHL Systems Bhd - Recovery could be delayed due to CMCO (Maintain Reduce with a higher TP of RM1.40)
Only World Group Holdings - Looks like a patchy recovery ahead (Maintain Hold with a lower TP of RM0.27)
Pharmaniaga Bhd - Not immune to Covid-19 challenges (Maintain Reduce with a lower TP of RM4.15)
DiGi.com - Room to manoeuvre against headwinds (Maintain Hold with a TP of RM4.15)
1) DBHD (3484); Technical BUY with +29.0% potential return
*Last: RM0.345 Target: RM0.395, RM0.445 Stop: RM0.295
*Timeframe: 2 weeks to 2 months
*Syariah: YES
2) HEXZA (3298); Technical BUY with +22.6% potential return
*Last: RM1.33 Target: RM1.53, RM1.63 Stop: RM1.19
*Timeframe: 2 weeks to 2 months
*Syariah: NO
3) HEXTAR (5151); Technical BUY with +26.8% potential return
*Last: RM0.785 Target: RM0.925, RM0.995 Stop: RM0.695
*Timeframe: 2 weeks to 2 months
*Syariah: YES
DNONCE – Riding on the positive healthcare and E&E growth
In 1QFY4/21, DNONCE recorded strong earnings of RM3.8m, which exceeded the RM0.6m in 16MFY4/20, primarily attributed to the robust results from glove packaging boxes, capacity expansion plans in the glove packaging business, coupled with the recovery in the E&E segment (amid global digitalisation trend and surging global datasphere)
Following a 17.5% fall from RM0.715 (52W high) to RM0.59, valuation is undemanding at 11.6x FY21E P/E (about 28% below peers), capitalising on customers’ growth and capacity expansion coupled with promising prospects from the twin engines of growth (i.e. healthcare and E&E sectors)
Trend: Pending a bullish triangle breakout
R1-R2: 0.62-0.66
LT objective: 0.715
S1-S2: 0.57-0.56
Cut: 0.54
