Mah Sing (8583)
Sector: Property
Sub-sector: Property
Outlook: Pending breakout MYR0.94
Levels: MYR0.98, MYR1.06
Exit: MYR0.88
(time frame: 2-4 weeks)
Gadang (9261)
Sector: Construction
Sub-sector: Construction
Outlook: Pending breakout MYR0.48
Levels: MYR0.51, MYR0.55
Exit: MYR0.44
(time frame: 2-4 weeks)
Lay Hong (9385)
Sector: Consumer Prod & Svcs
Sub-sector: Agricultural Products
Outlook: Breakout MYR0.38
Levels: MYR.43, MYR0.47
Exit: MYR0.34
(time frame: 2-4 weeks)
Ho Hup Construction (5169)
Sector: Construction
Sub-sector: Construction
Outlook: Breakout MYR0.485
Levels: MYR0.52, MYR0.55
Exit: MYR0.46
(time frame: 2-4 weeks)
Datasonic (5216)
Sector: Technology
Sub-sector: Digital Svcs
Outlook: Pending breakout MYR0.60
Levels: MYR0.63, MYR0.68
Exit: MYR0.55
(time frame: 2-4 weeks)
Prestar (9873)
Sector: Industrial Prod & Svcs
Sub-sector: Metals
Outlook: Breakout MYR0.77
Levels: MYR0.84, MYR0.90
Exit: MYR0.70
(time frame: 2-4 weeks)
PA Resources (7225)
Sector: Industrial Prod & Svcs
Sub-sector: Metals
Outlook: Pending breakout MYR0.195
Levels: MYR.21, MYR0.23
Exit: MYR0.165
(time frame: 2-4 weeks)
TFP Solutions (0145)
Sector: Technology
Sub-sector: Digital Svcs
Outlook: Pending breakout MYR0.18
Levels: MYR0.20, MYR0.22
Exit: MYR0.15
(time frame: 2-4 weeks)
Genting Malaysia (4715)
Sector: Consumer Prod & Svcs
Sub-sector: Travel, Leisure & Hospitality
Outlook: Pending breakout MYR2.80
Levels: MYR3.00, MYR3.20
Exit: MYR2.60
(time frame: 2-4 weeks)
Berjaya Sports Toto (1562)
Sector: Consumer Prod & Svcs
Sub-sector: Travel, Leisure & Hospitality
Outlook: Breakout MYR2.20
Levels: MYR2.30, MYR2.50
Exit: MYR2.13
(time frame: 2-4 weeks)
Carlsberg Brewery Malaysia (2836)
Sector: Consumer Prod & Svcs
Sub-sector: Food & Beverages
Outlook: Pending breakout MYR22.80
Levels: MYR24.00, MYR25.80
Exit: MYR21.00
(time frame: 2-4 weeks)
TRC Synergy (5054)
Sector: Construction
Sub-sector: Construction
Outlook: Pending breakout MYR0.36
Levels: MYR0.38, MYR0.42
Exit: MYR0.33
(time frame: 2-4 weeks)
Superlon (7235)
Sector: Industrial Prod & Svcs
Sub-sector: Building Materials
Outlook: Pending breakout MYR0.98
Levels: MYR1.05, MYR1.13
Exit: MYR0.90
(time frame: 2-4 weeks)
Jaycorp (7152)
Sector: Consumer Prod & Svcs
Sub-sector: Household Goods
Outlook: Pending breakout MYR1.53
Levels: MYR1.56, MYR1.65
Exit: MYR1.44
(time frame: 2-4 weeks)
Malton (6181)
Sector: Property
Sub-sector: Property
Outlook: Breakout MYR0.50
Levels: MYR0.54, MYR0.57
Exit: MYR0.465
(time frame: 2-4 weeks)
Optimax (0222)
Sector: Health Care
Sub-sector: Health Care Providers
Outlook: Breakout MYR0.80
Levels: MYR0.865, MYR0.90
Exit: MYR0.765
(time frame: 2-4 weeks)
Technical tracker - HLIB Retail Research – 16 Dec 2020
MISC (RM6.61 - HLIB Research TP RM7.69) - Values resurface after recent rout
MISC is an attractive value play among blue chips, supported by undemanding valuations of 0.89x P/B (-19% below 10Y 1.1x) and 15.8x FY21 P/E (-8% below 10Y 17.2x), decent DY at 4.5% FY21E and strong parentage support from Petronas (with a 51% stake)
We believe that MISC would be able to weather through the fluctuations in charter rates for its LNG and Petroleum segment through its capacity expansions and long-term charters for its LNG segment.
Meanwhile, its 6 VLEC contracts secured in July will further boost the group’s sustainable and recurring income streams
Moreover, freight rates could be heading toward an upward inflection point in FY21, driven by the Covid-19 vaccines otpimism and additional US stimulus to kickstart the economic recovery
Trend Potential downtrend reversal
R1-R2: 6.88-7.27
LT objective: 7.53
S1-S2: 6.50-6.38
Cut: 6.31
