AEON (TP:RM1.25), AIRPORT (TP:RM7.05), AMWAY (TP:RM6.00), AXIATA (TP:RM4.40), CARLSBERG (TP:RM24.50), CMSB (TP:RM1.76), F&N (TP: RM42.00) GDB (TP:RM0.73), GENM (TP:RM3.04), GENTING (TP:RM4.89), GLOMAC (TP: RM0.32), HEINEKEN (TP:RM26.00), INTA (TP:RM0.53), IOIPG(TP:RM1.06), JOHOTIN (TP:RM2.10), PADINI (TP: RM2.90), SP SETIA (TP:RM1.06) and SUNWAY (TP:RM1.58).
Friday, October 30, 2020
Stocks On Radar
RHB ♦️ Investment Bank Bhd. RHB Retail Research. Technical Analyzer
QL Resources (7084)
Sector: Consumer Prod & Svcs
Sub-sector: Agricultural Prod
Outlook: pending breakout MYR6.55
Levels: MYR6.70, MYR6.94
Exit: MYR6.30
(time frame: 2-4 weeks)
Spring Art (0216)
Sector: Consumer Prod & Svcs
Sub-sector: Household Goods
Outlook: pending breakout MYR0.26
Levels: MYR0.275, MYR0.29
Exit: MYR0.235
(time frame: 2-4 weeks)
Berjaya Sports Toto (1562)
Sector: Consumer Prod & Svcs
Sub-sector: Travel, Leisure & Hospitality
Outlook: pending breakout MYR2.00
Levels: MYR2.06, MYR2.12
Exit: MYR1.93
(time frame: 2-4 weeks)
Gadang (9261)
Sector: Construction
Sub-sector: Construction
Outlook: Breakout MYR0.385
Levels: MYR0.40, MYR0.42
Exit: MYR0.36
(time frame: 2-4 weeks)
Sunday, September 20, 2020
CGS-CIMB Research Upgrades Banks To Overweight
CGC-CIMB upgrades banks from Neutral to Overweight as it expects net profit growth to recover in 2021F to 14.7% (vs. -18.7% in 2020F).
- Banks’ valuations are attractive, at CY21F P/E of 10.5 times and CY20F price-to-book value (P/BV) of one time (all-time low).
- Stock picks for the sector are Public Bank and Hong Leong Bank (strong asset qualities), RHB (higher fee income growth), and AMMB (CY21F P/E of 6.4 times).
- YTD underperformance of the KL Finance index against KLCI of 15%. The CY21F P/E valuation for banks is attractive at only 10.5 times, the lowest since Feb 2013.
- Project banks’ net profit to grow 14.7% in 2021F vs. -18.7% in 2020, to be driven by the following:
(1) bottoming of the overnight policy rate (OPR) which would lead to a stabilisation of net interest margin (NIM),
(2) declining loan loss provisioning (LLP) in 2021F as provisions due to Covd-19 would have been mostly captured in 2020F, and
(3) a recovery in loan growth driven by 7.5% GDP growth in 2021F, ” it said.
- Downside risk for banks is limited as the sector is trading at CY20F P/BV of only one time, which is an all-time low since it first compiled the information in 2000), and offers dividend yield of 4.8% for CY21F.
- In 2020, banks’ earnings are being dented by modification loss (ML) arising from the loan moratorium offered for fixed-rate loans, lower NIM due to the 125bp cut in OPR, and higher LLP due to hefty pre-emptive provisioning for Covid-19, arising from 4% contraction in 2020F GDP.
- Key earnings drivers in 2021F are
(1) a 3.7% increase in net interest income (vs. a decline of 6.7% in 2020F) and
(2) a 23.4% drop in LLP (vs. an increase of 86.9% in 2020F).
- Expect banks’ dividend yield to rise from 3.2% in 2020F to 4.8% in 2021F.
- Other catalysts that could boost banks' earnings are stronger loan growth, sooner-than-expected hike in OPR, lower-than-expected provisioning due to stronger-than-expected economic recovery, and subsiding political risks.
- Big-capped banks with strong asset qualities are likely to lead the re-rating of the banking sector as investors rotate into sectors deemed likely to benefit from projected economic recovery in 2021F.
Saturday, September 19, 2020
Penny Stocks: The Names Behind
财经周刊THE EDGE揭露，大马股市过去几个月仙股交投狂热，其中有21家上市公司的股东，董事，很可能是同一批人，这些股票的股价波动幅度惊人，成交量也十分庞大。
这些公司有很多共同点，大多数是亏损公司，股价都是仙股级别，经常占据交易榜前十名，股价的起伏上下惊人。
根据THE EDGE报导，21家被点名的公司中，有9家公司的总部地址，注册地址都相同，即座落在八打灵再也丽阳镇的联和大厦（WISMA LIEN HOE）。
这9家公司包括宜鼎（AT），富科期（FOCUS），万通科技（MTOUCHE），FINTEC环球（FINTEC），XOX说（XOX），M3科技（M3TECH）和NETX科技（NETX）等。
报导指出，联合大厦原本是上市公司联合（LIENHOE）的物业，不过它在2006年以RM1价格，附加4300万令吉债务，脱售给一家私人有限公司E Globafocus有限公司。
EGlobafocus是由CUBES INNOVATIVE有限公司持有68%股权；CUBES INNOVATIVE由两名股东持有99%股权，这两人是商人蔡福顺和温运伦（人名译音）。
蔡氏和温氏曾在2014年7月遭证券监督委员会控以操控上市公司DVM科技股价罪名。
温氏个人在证券监督委员会有多项指控，包括2009年被控滥用上市公司FTEC资源的249万令吉公司资金，自该事件曝光後，温氏就几乎没有在股市活动。
不过，他的两名姐妹温安妮和温秀妮则各别持有另一家仙股公司喜得狼（XDL）的3.64%和0.67%股权。
上述9家公司中，FINTEC环球是最受注目的公司，这家公司的几批股票由一家私人控股公司SANSTON FINACIAL GROUP LTD持有。
诡异的是，SANSTON在21家上市公司的股东名单中都出现。
最近遭收购的海外天（OVERSEA）也在21家公司名单之中。
THE EDGE报导指出，21家公司市值最高的公司是富科斯（FOCUS），市值高达50亿令吉，尽管其季度净利仅有232万令吉，但股价却高得惊人。
随THE EDGE揭秘报导之後，证券监督委员会和大马交易所会不会采取跟进行动，调查这21家公司，颇受市场注目。
Friday, September 18, 2020
Big Funds Are Buying Glove Stocks - SUPERMX, TOPGLOV
Big funds are buying SUPERMX and TOPGLOV at near market closing today in massive volumes. We can see these transaction in today Stock Tracker where the single order came in 6 digits.
Glove companies are expected to do well in the next few quarters. There are not many company in the market can offered better revenues and profits growth in the near future than glove industry.
Many big funds have missed the boat into buying glove stock as most of them has underestimated the performance of glove company for the past 2 quarters. The actual performance for the last 2 quarters have beaten their most optimistic forecast.
It is not surpirsing big funds will now restructure thier portfolio to increase the holding of glove company stock. They will accumulate the glove stocks when the retail investors sell it at below the intrinsic value.
Stocks On Radar - AWC, GADANG, OMESTI, VELESTO
AWC rebounded from recent low and will test the 20MA in the coming trading day.
Accumulation activities is supporting GADANG price level well. Buying interest is strong.
Tuesday, September 15, 2020
Stocks On Radar - CMSB, GBGAQRS, HSL, SERBADK, UEMS
The following technical charts are based on today market closing for CMSB, GBGAQRS, HSL, SERBADK, UEMS.
CMSB, GBGAQRS, HSL, UEMS has recovered from oversold teritary, while SERBADK has rebounded from 100 MA.
Monday, September 14, 2020
Analyze Glove Stocks with Fibonacci Retracements
Another day of stunning performance for glove stocks at Bursa Malaysia. Let look at the Fibonacci Ratios for each of them.
SUPERMX gap up today, it breached 38.2% and reached just below 50% from the recent low. The next immediate barrier is 9.00 ~ 9.81, follow with 10.80 ~ 11.68, and finally 12.20. We will look at it again when it break these resistance.
Stunning performance for TOPGLOV where the price has breaked 61.8% from the recent low. The price gap up today & need trading volume to sustain it uptrend momemtum.
Stocks On Radar - GENM, GENTING
Price Gap Down, brace for impact. Selling pressure will continue ...
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