Malaysia - Market Strategy

[behappyalways]

A hard farewell to 2023. Will there be black swans and gray rhinos in 2024?

艰难告别2023年 2024年还有黑天鹅灰犀牛？ | 八点最热报 01/01/2024

https://m.youtube.com/watch?v=hRXIWCeA3Ro

[behappyalways]

The Malaysian stock market surged at the beginning of 2024 and then suddenly overturned. The "small stock storm" shook the Malaysian stock market.

2024开年马股暴升后突然翻车 “小股风暴”震动马股 | 八点最热报 19/01/2024

https://m.youtube.com/watch?v=4c6Bk2NjMRM

[winston]

Bargains Created By “Warehouse Sales”

Last week’s selldown on perceived “warehoused” stocks, as evidenced by the synchronised limit-downs of >10 of the associated stocks, has pulled down the FBMKLCI by 1.0%.

Nevertheless, we do not foresee this phenomenon posing a systemic risk to the banking and financial systems, and there is ample liquidity in the equity market to support the fundamentally and institutionally appealing stocks.

The selldown has created trading opportunities in the BUY-rated Dialog, Ekovest and SKP.

Source: UOBKH

https://research.uobkayhian.com/content ... 91e26f1145

[winston]

These are the stocks analysts favour for 2024

By Adam Aziz, Chester Tay, Izzul Ikram and Anis Hazim

Gamuda, TM, YTLP, Genting top big-cap picks

Mid-to-small cap: Property, O&G top list

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/701095

[winston]

Market News on 20 FEBRUARY 2024

Goldman raises global equities to 'overweight' on economic growth prospects (Reuters)

China seen cutting mortgage reference rate for first time since June (Reuters)

Ringgit to strengthen against US dollar in 2024 - Amir Hamzah (The Sun)

Fadillah says no more time extensions for delayed Large Scale Solar (LSS4) projects (The Edge)

Independent advisor recommends Rexit’s shareholders to reject takeover offer (Malaysian Reserve)

Creador increases stake in CTOS (The Star)

Landmarks granted third extension to submit regularisation plan, pushing deadline to July 28 (The Edge)

GFM Services intends to raise RM14.8 mil via private placement for working capital (The Edge)

Prudential buys more InNature shares after big drop in price (The Edge)

Jade Marvel (JADEM) says MD has resigned due to ‘other personal commitments’, posts bigger 3Q loss (The Edge)

Kenanga fund emerges as substantial shareholder of Omesti with 6.5% stake (The Edge)

Dataprep halts RM40m private placement, mulls other fundraising for Bandung telco infra project (The Edge)

Bursa reprimands CN Asia, fines its directors for violating listing rules (The Edge)

Public Bank buys RHB's stockbroking business in Vietnam for RM72.6 mil (The Edge)   

Monday, 19 Feb 2024 Entitlement Announcement

5:28PM  MGB   First Interim Dividend 
1:23PM  HEXTAR   First Interim Dividend

[winston]

Brace for a tough year ahead

The Malaysian economy struggles as growth falls short of expectations, ringgit weakens and challenges loom ahead.

A diminishing current account balance, weakness in the manufacturing sector, slower-than-hoped-for recovery of the tourism sector post-Covid-19, the weakening ringgit and slow growth in real wages.

Net exports have declined – falling 35.6% in Q4 compared to 23% in Q3. This was a major reversal from the 54% growth in Q1.

Source: FMT

https://www.freemalaysiatoday.com/categ ... ear-ahead/

[winston]

Alpha Picks: Focusing On Earnings Momentum

Our Alpha Picks underperformed the KLCI in Feb 24 (-0.9% vs 2.5%), partially reversing
three consecutive months of strong outperformances, as the handful of quarterly
results winners could not offset Ekovest’s fall.

For Mar 24, we continue to focus largely on companies with good earnings momentum, driven by factors such as improving inbound tourist arrivals, and an expected surge in domestic consumption.

Mar 24 picks: EcoWorld, GENM, Inari, MAHB, Mah Sing, MrDIY, RGB and Sunway Construction.

Source: UOBKH

https://research.uobkayhian.com/content ... 47fd601720

[winston]

Hong Leong IB expects KLCI to stay sideways for now, may hit 1,630 by year end

By Husnina Ahmad Dahlan

Malaysia’s stock market is expected to stay sideways “till closer to mid-year” before picking up.

The market will gain “upward momentum again when it becomes more apparent” that the US Federal Reserve is cutting interest rates.

We continue to like themes such as continued tourism recovery, energy transition and Johor’s developmental reinvigoration.

For the full year, total core earnings dipped 3.2% from 2022 mainly due to plantation stocks, Petronas Chemicals Group Bhd, Tenaga Nasional Bhd, Axiata Group Bhd and glove manufacturers.


Results shortfalls were more prevalent in media and technology sectors while gaming, energy, property, and telecommunications sprang positive surprises.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/703448

[winston]

Corporate earnings going sideways

By GANESHWARAN KANA and AND BHUPINDER SINGH

The earnings per share (EPS) of FBM KLCI component stocks on an aggregate basis were largely unchanged from where they were a decade ago.

Record-high of 1,895.18 points seen in April 2018.

The biggest players in the market are primarily involved in traditional businesses and their operations have largely matured in terms of growth and market penetration.

FBM KLCI - about two-thirds of its total market capitalisation is controlled by mega-caps from just three sectors, namely, banking (42.12%), utilities (14.75%) and telecommunications (10.8%).

It is worth noting that the technology sector, often referred to as a high-growth sector, has zero representation in the FBM KLCI as no company has met the minimum market capitalisation criteria.

Source: The Star

https://www.thestar.com.my/business/bus ... g-sideways

[behappyalways]

The stock market broke through the 1,600 mark after two years of absence.
Is Anwar’s magic trick a resurgence or is spring coming?

马股阔别两年突破1600大关 安华妙手回春还是春天来了？| 八点最热报 09/05/2024

https://m.youtube.com/watch?v=gMwKfBEOo_k