Malaysia - Market Strategy

[behappyalways]

八点最热报 09/08/2020 马股屡创新高 重回90年代全民炒股狂潮?
https://www.youtube.com/watch?v=1llnna9Rg_U


八点最热报 10/08/2020 马股狂涨股民疯狂 恐重演97股市泡沫化？
https://www.youtube.com/watch?v=6LHSzzYSI04

[winston]

Cash Squeeze Looms for Malaysia’s Frenzied Amateur Stock Traders

by Yantoultra Ngui

The six-month moratorium on loan repayments is set to lapse end-September.

“Cash in hand will be reduced substantially the moment the moratorium is over and they have to start paying off their loans”.

Source: Bloomberg

https://finance.yahoo.com/news/cash-squ ... 00240.html

[winston]

Multiple uncertainties = growth continuing to outperform value

Lacking the required visibility for value to perform

Sector weighting changes, gloves windfall tax in focus

Re sector weightings (Fig 17), we have:-

i) raised the Construction sector to Overweight post-Gamuda upgrade to Buy; other Buy-rated
construction stocks are IJM and pure play SunCon; and

ii) raised the Technology / Semicon sector to Neutral, following rating upgrades for Greatech and VSI; we also like Inari.

Re windfall tax risk for the gloves sector (articulated on pg. 9), our “10ppts increase in tax rate” scenario reduces EPS (i.e PE-based upside) by c.13% i.e. an exaggerated sell-off is a buying opportunity.

Prefer yielders and exporters over recovery beta Re stock picks (Fig 18), we overweight mid-cap financials, utilities, NFOs, healthcare/gloves (reinforced via Hartalega upgrade), construction, large-cap oil & gas + selective value plays in autos, REITs, property, plantations.

Source: Maybank

https://factsetpdf.maybank-ke.com/PDF/1 ... 1d5c29.pdf

[winston]

UOB foresees expansionary Budget 2021 with fiscal deficit at 5.7% of GDP

by Surin Murugiah

In their budget preview yesterday, UOB senior economist Julia Goh and economist Loke Siew Ting said the stimulus measures in 2020 (including wage subsidies, cash aid for the bottom 40% income group [B40] and M40, automotive sales tax exemption and property-related measures) may be extended into 2021 alongside new measures to support consumption, stimulate investment, accelerate digitalisation, improve job creation and wages, and promote environmental sustainability.

Source: The Edge

https://www.theedgemarkets.com/node/536027

[winston]

AmInvestment’s top stock picks now that budget 2021 is out

by Arjuna Chandran Shankar

KUALA LUMPUR (Nov 6): Following the release of the RM322.5 billion Budget 2021, Malaysia’s largest national budget on record, AmInvestment Bank Research's top stock picks are Malayan Banking Bhd (Maybank), Tenaga National Bhd (TNB), Axiata Group Bhd, Dialog Group Bhd, RHB Bank Bhd, Westports Holdings Bhd, Malaysia Airports Holdings Bhd (MAHB), Allianz Malaysia Bhd, MMC Corp Bhd and Kumpulan Powernet Bhd (KPower).

Source: The Edge

https://www.theedgemarkets.com/article/ ... t-2021-out

[winston]

CGS-CIMB says these stocks are the potential winners of vaccine discovery

by Tan Siew Mung

KUALA LUMPUR (Nov 11): Public Bank Bhd, Genting Group and Malaysia Airports Holdings Bhd (MAHB) are CGS-CIMB Securities Sdn Bhd’s picks for the Covid-19 pandemic recovery theme after Pfizer and BioNTech announced encouraging Covid-19 vaccine trial results.

CGS-CIMB analysts Ivy Ng Lee Fang and Nagulan Ravi wrote in a note today that encouraging Covid-19 vaccine trial results could lead investors to switch out from Covid-19 beneficiary stocks to Covid-19 recovery plays on potentially higher share price upside potential.

"Our screening of companies that we have an 'add' call on that will benefit when international borders reopen and the global economy recovers from the Covid-19 pandemic are Genting Bhd, Genting Malaysia Bhd, MAHB, IGB REIT, IHH Healthcare Bhd and KPJ Healthcare Bhd — due mainly to higher tourist arrivals.

"For exposure to the economic recovery post-Covid-19, we favour the banking sector, which we recently upgraded to 'overweight' as we feel that most of the bad news has been priced in.

"Our top picks in the banking sector are Public Bank, Hong Leong Bank Bhd, RHB Bank Bhd and AMMB Holdings Bhd,” the analysts said.

The media and oil and gas sectors could also benefit from the Covid-19 recovery theme.

The analysts said the media sector is likely to see a recovery in advertisement expenditure and that Astro Malaysia Holdings Bhd is its top pick.

"The oil and gas sector could also benefit if crude oil price recovers due to higher oil demand, and our current top picks are Yinson Holdings Bhd and Dialog Group Bhd," they said.

Source: The Edge

https://www.theedgemarkets.com/article/ ... nt-vaccine

[behappyalways]

八点最热报 20/11/2020 手套股净利暴涨 征暴利税是“劫富济贫”？
https://www.youtube.com/watch?v=49FPVj6NIks

[winston]

Rakuten recommends these stocks for 2021

by Tan Siew Mung

KUALA LUMPUR (Dec 7): App Asia Bhd, D'nonce Technology Bhd, RCE Capital Bhd, Supercomnet Technologies Bhd's (Scomnet) and TCS Group Holdings Bhd — these are Rakuten Trade’s top fundamental plays next year.

Also in its radar are AirAsia Group Bhd, Genting Bhd, Genting Malaysia Bhd, Malaysia Airport Holdings Bhd and Tenaga Nasional Bhd, which are its recovery picks for next year.

Source: The Edge

https://www.theedgemarkets.com/article/ ... tocks-2021

[winston]

CGS-CIMB: Sectors to watch out for come 2021

by Tan Siew Mung


KUALA LUMPUR (Dec 17): CGS-CIMB has "overweight" ratings on bank, healthcare, gaming, oil and gas, electronics manufacturing services (EMS), media and rubber gloves sectors, and "underweight" ratings on chemicals and transport.

The research house said in a report that it likes the bank, gaming, oil and gas, EMS and media sectors for exposure to a recovering economy post-Covid-19.

“We continue to like the gloves sector, as it is expected to deliver record earnings in 2021 due to strong demand for gloves following the Covid-19 outbreak.

It also likes the healthcare players due to their defensive earnings qualities and projected recovery in visitation in 2021.

It has "underweight" ratings on chemicals and transport due to concerns over earnings prospects.

In terms of stock picks, it has added Karex Bhd to its small cap top pick list. It also maintained its top three big-cap picks of Public Bank Bhd, Inari Amertron Bhd, and Telekom Malaysia Bhd.

It also refreshed its top three to five stock picks for the various themes it has identified for 2021:
Laggard plays: Media Prima Bhd, Genting Bhd and Star Media Group Bhd.
Beneficiaries of foreign fund inflows: British American Tobacco (M) Bhd, Genting Malaysia Bhd, Karex, Inari and Genting.
Growth stocks: Top Glove Corp Bhd, Hartalega Holdings Bhd, IHH Healthcare Bhd, Supermax Corp Bhd and Kossan Rubber Industries Bhd.
Retail picks: Media Prima, Lee Swee Kiat Group Bhd and CCK Consolidated Holdings Bhd.
Dividend yielders: Taliworks Corp Bhd, Astro Malaysia Holdings Bhd, Top Glove Corp Bhd, Malakoff Corp Bhd and Berjaya Sports Toto Bhd.
GLC picks: SP Setia Bhd, MISC Bhd and Telekom Malaysia Bhd.
Tourism recovery plays: IHH Healthcare Bhd, Genting, Genting Malaysia Bhd, Malaysia Airports Holdings Bhd and IGB REIT.
Shariah picks: Lee Swee Kiat, Hartalega, Supermax, Diabochi Bhd and Kossan Rubber.

The local research house raised its end-2021F KLCI target to 1,759 points (pts), from 1,732 pts.

Its base case KLCI target of 1,759 pts for end-2021F values the KLCI at 16x forward P/E or its three-year historical average forward P/E, to reflect the higher liquidity in the market as well as political uncertainty.

Source: The Edge

https://www.theedgemarkets.com/node/546307

[behappyalways]

八点最热报 21/12/2020 员工住简陋货柜屋 雪州加影手套厂宿舍如难民窟
https://m.youtube.com/watch?v=i6l-8SEXIug