Highlights

Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 23 Sep 2020, 5:25 PM

 

Technical view - Notion Vtec Bhd (0083)

Author: rakutentrade   |  Publish date: Wed, 23 Sep 2020, 5:25 PM


Notion Vtec Bhd (0083)

  • NOTION rose 14% or 14 sen to RM1.14 yesterday.
  • Yesterday’s price action saw renewed buying interest with higher trading volume following the announcement of them securing a RM338m contract for the supply of disposable nitrile examination gloves.
  • On the back of the positive development, we expect continued bullish momentum potentially breaking above the RM1.30 level.
  • From here, resistance levels are identified at RM1.31 (R1) and RM1.55 (R2).
  • Conversely, support levels are expected at RM1.06 (S1) and RM0.76 (S2).

Source: Rakuten Research - 23 Sept 2020

Labels: NOTION
  Be the first to like this.
 

Technical View - Top Glove Corporation Bhd

Author: rakutentrade   |  Publish date: Tue, 22 Sep 2020, 6:32 PM


Top Glove Corporation Bhd (7113)

• TOPGLOV closed 0.3% or 2 sen higher to RM8.00 yesterday.

• Chart-wise, share price hit an all-time-high of RM9.77 and it has undergone a healthy retracement to a low of RM6.11. It has since rebounded strongly on the back of bargain hunting and aggressive share buyback.

• We believe the pullback could be a buying opportunity due to renewed interest on the stock with rising Covid-19 cases globally and news on imminent lock down in London and Europe.

• As such, resistance levels are identified at RM8.82 (R1) and RM9.51 (R2).

• On the downside, support levels are seen at RM6.57 (S1) and RM5.58 (S2).

Source: Rakuten Research - 22 Sept 2020

Labels: TOPGLOV
  Be the first to like this.
 

Technical View - JCY International Bhd (JCY, 5161)

Author: rakutentrade   |  Publish date: Mon, 21 Sep 2020, 5:00 PM


JCY International Bhd (5161)

• JCY closed 2.2% or 1.5 sen higher to RM0.71 last Friday.

• From a technical perspective, share price is currently trading above key moving averages which is a good sign of buying momentum. Recent pull back from high of RM0.87 level provides a good entry opportunity and should buying interest persists, share price is expected to trend towards the RM0.80 level.

• As such, resistance levels are identified at RM0.80 (R1) and RM0.87 (R2).

• On the downside, support levels are seen at RM0.59 (S1) and RM0.50 (S2)

Source: Rakuten Research - 21 Sept 2020

Labels: JCY
  Maxwerl Won likes this.
 

Technical View - Poh Huat Resources Holdings Bhd (POHHUAT, 7088)

Author: rakutentrade   |  Publish date: Fri, 18 Sep 2020, 3:44 PM


Poh Huat Resources Holdings Bhd (7088)

  • POHUAT closed 6.5% or 9 sen higher to RM1.47 yesterday.
  • From technical perspective, share price is currently trading above key moving averages and recent positive crossover of the moving average lines indicating strong buying momentum. Additionally, key momentum indicator RSI has also added encouraging signs on the price movement hence we expect share price to move higher.
  • Resistance levels are identified at RM1.60 (R1) and RM1.80 (R2).
  • Conversely, support levels are seen at RM1.39 (S1) and RM1.25 (S2).

Source: Rakuten Research - 18 Sept 2020

Labels: POHUAT
  Be the first to like this.
 

AppAsia Bhd - E-Confirmation Driving Growth

Author: rakutentrade   |  Publish date: Fri, 18 Sep 2020, 3:42 PM


We remain positive on AppAsia Bhd’s (“APPASIA”) multi-year growth story on their recurring income stream from eConfirm.my platform and their recent collaboration with Telekom Malaysia to digitalise the iconic Yellow Pages. BUY with revised target price of RM1.18, based on discounted cash flow and sum of parts valuation which translates to FY21 PER @24x.

APPASIA is the digital platform developer of eConfirm.my, which is the first and only industry-wide electronic bank confirmation platform in Malaysia. To date, the digital platform has 13 major participating banks and over 400 audit firms in Malaysia covering approximately 80% of the market. This is similar to Confirmation, a digital confirmation services provider operating across 170 countries serving 16,000 audit firms, 4,000 banks and 5,000 law firms globally which was acquired by Thomson Reuters in 2019.

To recap, the platform is a collaboration agreement with Malaysian Institute of Accountants for 12 years until 2030, on a pay-per-transaction revenue model basis with RM15 per successful confirmation. Currently for bank balances, deposits and loan confirmation, management is working on potential add-ons to confirmation services for Hire-Purchase, Housing loan and legal confirmation. It is eyeing regional expansion to Thailand and Indonesia and is in talks with related parties to strengthen its regional footprints.

Their next catalyst for growth is their recent collaboration agreement with the subsidiary of Telekom Malaysia Berhad (“TM”) to transform the iconic Yellow Pages Business Directory into a Digital Business Community of e-marketplace. It has a revenue sharing model with TM which we believe is a strategic move that will provide the next growth impetus. Yellow Pages is the leading business directory in Malaysia with easily searchable online of 500,000 strong business entities.

Source: Rakuten Research - 18 Sept 2020

Labels: APPASIA
  Be the first to like this.
 

Technical View - V.S. Industry Bhd

Author: rakutentrade   |  Publish date: Tue, 15 Sep 2020, 1:12 PM


V.S. Industry Bhd (6963)

• VS closed 6.9% or 13 sen higher to RM2.01 yesterday.

• Chart-wise, past trading sessions shown a strong rebound from the low of RM1.75 level indicating a sustained level of buying momentum on the share price. Additionally, the recent upticks movement in RSI also added encouraging sign on the upward momentum hence share price is likely to trend higher.

• As such, resistance levels are expected at RM2.13 (R1) and RM2.30 (R2).

• Conversely, support levels are seen at RM1.84 (S1) and RM1.60 (S2).

Source: Rakuten Research - 15 Sept 2020

Labels: VS
  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

525  363  569  632 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 MTRONIC 0.085+0.005 
 ASB 0.17-0.02 
 MNC 0.045-0.005 
 HLT 1.67+0.14 
 KANGER 0.235-0.025 
 MTOUCHE 0.065-0.005 
 VSOLAR 0.040.00 
 CAREPLS 3.15+0.33 
 MMAG-WB 0.13-0.04 
 TOPGLOV 8.55+0.53 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. Stock selection criteria - Koon Yew Yin Koon Yew Yin's Blog
2. 'THE GREATER FOOL THEORY By Dr Neoh Soon Kean (Excerpts from STOCK MARKET INVESTMENT), Calvin Tan comments THE INVESTMENT APPROACH OF CALVIN TAN
3. TOPGLOVE: Employee Provident Fund (EPF) is back with Top Glove Van Gogh of Financial
4. Technical View - Top Glove Corporation Bhd Rakuten Trade Research Reports
5. Investor lodge complaint with SC against Macquarie downgrade on TOP GLOVE gloveharicut
6. TOP GLOVE is buying back own share. Why Director dispose share? LIM CHEONG GUAN should hold the share for a year. gloveharicut
7. Will Shareholders benefit when Top Glove spend Rm 310 million on share buyback? Koon Yew Yin Koon Yew Yin's Blog
8. [Humbled Investor] MFCB: Low Risk High Return? What is the Target Price? HumbledInvestor
PARTNERS & BROKERS