The chart above from TradingView shows the Year To Date (YTD) performance of FBMKLCI, Bursa Utilities sector, TENAGA, YTLPOWER, YTL,PBA. RANHILL, MALAKOF, ENGTEX and PETGAS.
These are my observation:
1. Utilities Index still outperformed FBMKLCI while the spread has narrowed. Utilities Index is up 11.75% YTD vs FBMKLCI +6.86%. However, the outperformance has reduced as compared to Utilities 13.89% vs FBMKLCI +5.35% a month ago on 16-February.
2. YTLPOWER remains the champion. YTLPOWER gained 43.19% YTD. The gap between YTLP and YTL has declined likely because YTLPOWER earnings growth of +325% Y/Y in Quarter 4 2023 is lower than YTL +508% Y/Y.
3. TENAGA has risen, PETGAS and MALAKOF are the biggest laggard now. TENAGA up 16.23% YTD (from 11.42% YTD a month ago) and PETGAS 2.53% (from last month 3.23%). Tenaga continues to appreciate in share price despite weak Quarter 4 2023 (-28% Y/Y). PETGAS is lagging as it benefit much less than TENAGA in National Energy Transition Roadmap (NETR). MALAKOF suffered RM357 million net loss in Quarter 4 2023 and this could explain the share price weak performance.
4. Water play: All three water stocks dropped in the past 1 month. PBA is now +6.62% from +24.31% YTD a month ago. RANHILL is now +23% against +25% a month ago. ENGTEX is now +39% against +44% a month ago. PBA drop may be caused by its weak Q4 which turned into accounting net loss despite stronger free cash flow. ENGTEX Quarter 4 is +123% Y/Y although down 53% Q/Q. For RANHILL, it is down 66% Y/Y although +139% Q/Q.
5. Latest PBA intrinsic value is RM2.60 with details here.
Chart | Stock Name | Last | Change | Volume |
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2024-05-08
MALAKOF2024-05-08
PETGAS2024-05-08
PETGAS2024-05-08
PETGAS2024-05-08
RANHILL2024-05-08
RANHILL2024-05-08
RANHILL2024-05-08
TENAGA2024-05-08
TENAGA2024-05-08
TENAGA2024-05-08
TENAGA2024-05-08
TENAGA2024-05-08
TENAGA2024-05-08
TENAGA2024-05-08
TENAGA2024-05-08
TENAGA2024-05-08
YTL2024-05-08
YTLPOWR2024-05-07
MALAKOF2024-05-07
MALAKOF2024-05-07
MALAKOF2024-05-07
MALAKOF2024-05-07
MALAKOF2024-05-07
PBA2024-05-07
PBA2024-05-07
PETGAS2024-05-07
PETGAS2024-05-07
PETGAS2024-05-07
TENAGA2024-05-07
TENAGA2024-05-07
TENAGA2024-05-07
TENAGA2024-05-07
TENAGA2024-05-07
YTLPOWR2024-05-06
MALAKOF2024-05-06
MALAKOF2024-05-06
PETGAS2024-05-06
PETGAS2024-05-06
PETGAS2024-05-06
PETGAS2024-05-06
RANHILL2024-05-06
RANHILL2024-05-06
TENAGA2024-05-06
TENAGA2024-05-06
TENAGA2024-05-06
YTL2024-05-06
YTLPOWR2024-05-06
YTLPOWR2024-05-06
YTLPOWR2024-05-04
YTLPOWR2024-05-03
MALAKOF2024-05-03
MALAKOF2024-05-03
PETGAS2024-05-03
PETGAS2024-05-03
PETGAS2024-05-03
PETGAS2024-05-03
RANHILL2024-05-03
TENAGACreated by KingKKK | May 08, 2024
Created by KingKKK | May 05, 2024
Created by KingKKK | Apr 04, 2024
Created by KingKKK | Mar 31, 2024
Income
Big play play here.?
1 month ago