Highlights

SEE_Research

Author: SEE_Research   |   Latest post: Wed, 27 Oct 2021, 6:00 AM

 

NOW SHOWING : THE TRILOGY OF FAST & FURIOUS SHOW - PART 13 -- WHICH TYPE OF SPECIAL DISH YOU DESIRE , the small & limited leftover OR the delicious m

Author:   |    Publish date:


 
 

NOW SHOWING : THE TRILOGY OF FAST & FURIOUS SHOW - PART 13 --

WHICH TYPE OF SPECIAL DISH YOU DESIRE , the small & limited leftover

food waste  

OR the delicious mouth watering

" SATAY " SALMON

 

 

GIGANTIC & REMARKABLE RECORD AWARD OF CONTRACT -

RM 420 MILLIONS TO KGB / 0151

Author:    |    Publish date: 17 September 2021 

 

 SHOWING : THE TRILOGY OF FAST & FURIOUS SHOWS

PART 13 (UPDATED 10 ) ---

Cardi B , Vin Diesel , Paul Walker or the strong man Mark Felix

Author:    |    Publish date: 17 September 2021 

 

 

 

LEFTOVER FOOD WASTE 

 

Small Bit Of Bread With Condensed Milk Left Over On The Plate Stock Photo,  Picture And Royalty Free Image. Image 50862619.

 

Leftover Food High Resolution Stock Photography and Images - Alamy

 

 

 

 

" SATAY "  SALMON
 
 
 
Honey Garlic Glazed Salmon Recipe - Easy Salmon Recipe - YouTube
 
 
 
 
Bourbon-Glazed Salmon Recipe | MyRecipes
 
 
 
 
Browned Butter Honey Garlic Salmon - Cafe Delites
 
 
 

Cardi B to star in Fast and Furious 9

 

 

From Hustlers To Racers – Cardi B Joins The Fast And Furious

 

 

 

 

Vin Diesel , Paul Walker or the strong man--- Mark Felix

 

Author:    |    Publish date: 17 September 2021 

 


THE TRILOGY OF FAST & FURIOUS PART 13 (UPDATED 13 )

 

 

--- Cardi B ,   Vin Diesel , Paul Walker or the

 

 

 

 

strong man Mark Felix 

 

 

 

 

 

Which Fast & Furious Character Are YOU ?

The Good , The Bad , The Ugly 

 

Which Fast & Furious Character Are YOU ?

 

Cardi B ,Vin Diesel , Paul Walker

 

 

or the

 

 

 

strong man Mark Felix 

 

 

" 2 " -

TOP PICKS POSITIVE MOMENTUM STOCKS IN SEPTEMBER 2021

KLSE KGB + KGB WB + OCB /5533

 

 
Author: eptember 2021 
 
 
=======================================================================
 

Latest Official Announcement in 
 

KLSE

 

KELINGTON GROUP BERHAD

("KELINGTON" OR "THE COMPANY") -

AWARD OF CONTRACT WORTH ABOUT

RM420 MILLION

 

KELINGTON GROUP BERHAD

 

 

 

Type Announcement
Subject OTHERS
Description
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY") - AWARD
 
 
OF CONTRACT WORTH ABOUT RM420 MILLION
 

The Board of Directors of the Company is pleased to announce that Kelington Technologies Sdn Bhd (“KTSB”), a wholly-owned subsidiary of Kelington had on

 

14 September 2021 received an award of contract from a manufacturing company at

 

Sama Jaya Free Industrial Zone in Kuching to undertake the construction work with respect to their

 

Sarawak Expansion   Project (“the Contract”).

 

 

The manufacturing company is owned by a

 

 

US multinational company,

 

 

a world leading

 

 

developer, manufacturer, and provider of data

 

 

storage devices and solutions.

 

 

The Contract value is worth about RM420 million subject to the actual amount of works carried out, depending on variation orders, scope options and value engineering. The works shall commence in mid-September 2021 and expected to be completed by 31 December 2022.

 

The Contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years 31 December 2022 and 31 December 2023. 

 

None of the Directors and/or major shareholders of the Company and/or persons connected to them have any interests, direct or indirect in the Contract.

 

The Company does not foresee any exceptional risk other than normal operational risk associated with the Contract.

 

 

 

This announcement is dated 14 September 2021.



 


Announcement Info

Company Name KELINGTON GROUP BERHAD
Stock Name KGB
Date Announced 14 Sep 2021
Category General Announcement for PLC
Reference Number

GA1-14092021-00053

 

=======================================================================
 
 
By Azanis Shahila Aman - November 6, 2020 @ 11:00am
 
 

Western Digital to build

 

 

 

RM1bil plant in Sarawak under

 

 

 

RM2.3bil Malaysian expansion

 

 

 

 

KUALA LUMPUR: American hard disk drive manufacturer

 

Western Digital has set aside RM1 billion

 

of its RM2.3 billion additional investment in

 

Malaysia to build a new plant in Sarawak.

 

The balance of RM1.3 billion would be used to upgrade its existing facilities particularly in Penang, Western Digital (Malaysia) Sdn Bhd chairman Datuk Syed Hussian Aljunid said.

The RM2.3 billion will take Western Digital's total investment in Malaysia to almost

RM18 billion since establishing its operations here in 1973.

The Prime Minister's Office (PMO) had earlier announced that the new investment was agreed upon during a meeting between Prime Minister Tan Sri Muhyiddin Yassin and Syed Hussian on Thursday.

 

The new investment by Western Digital reflected the government's ability in managing the economy and bringing back investors' confidence despite the Covid-19 pandemic, PMO said in its statement yesterday.

Muhiyiddin welcomed any company wanting to invest in a high-impact and technology-based industry here, it added.

"The government through the Ministry of International Trade and Industry, Malaysian Investment Development Authority and other related agencies are always committed to attracting investment and convincing investors to invest or make additional investments in Malaysia.

"Western Digital's additional investment reflects high confidence of foreign investors towards the government in helping investors to expand their investment and operations in the country," PMO said.

Meanwhile, Syed Hussian said the company's decision to channel new investments was driven by the favourable operating conditions and support from the Prime Minister and government ministries.

"Western Digital Malaysia wants to express our profound gratitude to the Prime Minister and the government for their continued support of the local manufacturing industry especially during the Covid-19 pandemic.

"The unrelenting efforts to balance public health and the needs of manufacturers is a testament to the Prime Minister's unwavering commitment to the well-being of Malaysian citizens and its economy," Syed Hussian said at a press conference here yesterday.

He said the RM2.3 billion would be used to expand the company's facilities in Penang and Sarawak.

"Of the total, RM1 billion will be utilised to build a new factory in Kuching, Sarawak, which will add 30 per cent to our hard disk drive production capacity, and RM1.3 billion is for new equipment facilities," Syed Hussian added.

Western Digital currently has facilities in Penang, Selangor, Johor and Sarawak.

Syed Hussian said the new investment was expected to provide additional employment opportunities for 2,000 people.

He also said Western Digital's salary cost in Malaysia would increase by RM80 million annually.

"The company currently employs over 9,000 people in Malaysia whose contributions are critical to the global supply chain of storage devices, data centre systems and cloud storage devices," he added.

==============================================================================================================================================

 

Western Digital Logo Vector – Brands Logos

 

 

 

 

 


 
 
 
 
Please clip on video clip 
 
 
 
 
 
Profiles
           
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Western Digital Market Cap:

17.76B for Sept. 14, 2021
 
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Historical Market Cap Data

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Data for this Date Range  
Sept. 14, 2021 17.76B
Sept. 13, 2021 18.06B
Sept. 10, 2021 17.90B
Sept. 9, 2021 18.14B
Sept. 8, 2021 17.93B
Sept. 7, 2021 18.65B
Sept. 3, 2021 18.96B
Sept. 2, 2021 19.03B
Sept. 1, 2021 18.85B
Aug. 31, 2021 19.51B
Aug. 30, 2021 19.16B
Aug. 27, 2021 19.53B
Aug. 26, 2021 19.32B
Aug. 25, 2021 20.22B
Aug. 24, 2021 18.76B
Aug. 23, 2021 19.23B
Aug. 20, 2021 18.54B
Aug. 19, 2021 18.39B
Aug. 18, 2021 18.84B
Aug. 17, 2021 18.83B
Aug. 16, 2021 19.05B
Aug. 13, 2021 19.45B
Aug. 12, 2021 19.21B
Aug. 11, 2021 20.55B
Aug. 10, 2021 20.17B
Aug. 9, 2021 20.82B
   
Aug. 6, 2021 21.18B
Aug. 5, 2021 20.66B
Aug. 4, 2021 20.00B
Aug. 3, 2021 20.37B
Aug. 2, 2021 19.92B
July 30, 2021 20.00B
July 29, 2021 19.85B
July 28, 2021 19.56B
July 27, 2021 19.21B
July 26, 2021 19.80B
July 23, 2021 19.64B
July 22, 2021 19.42B
July 21, 2021 19.85B
July 20, 2021 19.91B
July 19, 2021 19.40B
July 16, 2021 19.77B
July 15, 2021 20.61B
July 14, 2021 21.56B
July 13, 2021 21.58B
July 12, 2021 21.83B
July 9, 2021 21.61B
July 8, 2021 20.89B
July 7, 2021 21.35B
July 6, 2021 21.30B
July 2, 202

 

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LATEST NEWS 
 
 
 
ON TARGET PRICE : RM 2.50 
 
 
 
 
 
ON TARGET PRICE : RM 2.50 
 
 
 
 
 
ON TARGET PRICE : RM 2.50 
 
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Top 10 Score Arrow Target Best Ten Ratings Reviews Stock Illustration -  Illustration of achievement, lists: 39610253
 
 
 
 
 

Kelington Group - Bonanza! And More to Come

Date: 15/09/2021

Source  :  KENANGA
Stock  :  KGB       Price Target  :  2.50      |      Price Call  :  BUY
        Last Price  :  1.66      |      Upside/Downside  :   +0.84 (50.60%)
 


A huge surprise! KGB clinched its largest job win worth RM420m, doubling its existing order-book which was already at all-time high levels before this. The job entails a turnkey construction of a new semiconductor fab in Kuching for a US listed memory company which will begin immediately as the US client is scrambling for capacity to keep up with the surge in memory chip demand. This brings YTD order wins to a new high of RM764m while order-book hits a record RM822m, nearing its current market cap. KGB remains our top hidden gem pick owing to its healthy job pipeline and secular growth story. Maintain OUTPERFORM with a higher TP of RM2.50.

Largest job win; 4x its typical contract size. Kelington Group (KGB) surprised us with its single largest job award ever worth RM420m (4x the size of typical contracts) from a US listed semiconductor manufacturing company at Sama Jaya Free Industrial Zone in Kuching to undertake a turnkey construction for an entire new semiconductor fab, focusing on memory chip. KGB is tasked with handling the whole project, involving all three of its business segments (UHP, Precision Engineering and General Contracting). The job will begin immediately and is slated to be completed by end-2022 as the US customer is urgently in need of new capacity to accommodate the surging demand for its memory and data storage products. This is in line with our observation on the tech space that chip shortage will remain in the foreseeable future as the surge in semiconductor demand continues to outpace capacity expansion.

Orderbook nears current market cap. Inclusive of this recent win, KGB has secured a record-breaking RM764m (vs. FY19 of RM490m) new job wins in 2021, exceeding our expectation of RM500m. Meanwhile, its outstanding order-book has ballooned to another all-time high of RM822m, which is more than double of FY20 revenue. Interestingly, its order-book has grown very close to its current market capitalisation.

Sufficient resources to take on more jobs. The recent completion of one of its large projects in Penang couldn’t have been timelier as this frees up resources for the group to take on the new turnkey job in Kuching. Note that the relationship of higher revenue recognition and overhead expense is nonlinear, which means KGB is able to enjoy economies of scale and better margin as we anticipate the group to achieve back-to-back record revenue and earnings for FY21 and FY22.

Still, more to come. Reiterating our positive view, we expect more fab expansion to come and KGB is in a favourable position to benefit from more UHP jobs, with the management showing no signs of slowing down in terms of securing new jobs. The group’s tender-book remains elevated at RM1.1b.

Raise FY21E-22E earnings by 4% and 33% to RM32.3m and RM47.0m, representing growth of 85% and 46%, respectively.

Maintain OUTPERFORM with a

 

 

higher Target Price of

 

 

 

RM2.50 (previously RM1.50)

 

 

 

on FY22E PER of 33x (+1SD to 3-year peer mean), justified by the group’s healthy job pipeline and secular growth story.

Risks to our call include: (i) slower revenue recognition due to Covid-19, (ii) downturn in semiconductor sales, and (iii) delay in liquid CO2 ramp up.

Source: Kenanga Research - 15 Sept 2021

 
 
=======================================================================
 
SEE_RESEARCH 
 
 
KGB / 0151 
 
 
 
1st Target Price  RM 2.00 
 
 
 
2nd Target Price RM 2.50 
 
 
Let us witness another explosive run up on the prices
 
 in another 14  trading days , will it be
 fast & furious to 
 

RM 2.00 and
 
 
above RM 2.50 
 
 
 
=====================================
 
SEE_RESEARCH 
 

 
 
KGB Warrant WB / 0151 
 
 
 
 
1st Target Price  RM1.00 
 
 
 
 
2nd Target Price RM1.30 
 
 
 
 
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Please clip on the short video
 
 
 
 
clips : 
 
 
 
 
 
 
 
 
Which Fast & Furious Character
 
 
 
Are You 

https://www.bing.com/videos/search?view=detail&mid=F9A7D52834A42E6DC1B5F9A7D52834A42E6DC1B5&q=fast


https://www.youtube.com/watch?v=JXW8_h6cvUo

 

 
 
 
 

 

 
 

 

 


 

The History Behind the Hercules Hold:

 The Pillars of Hercules

 By STRONGMAN.ORG   2 February 2018  No Comments
Hercules Hold

The mythological tale of the Pillars of Hercules, tells a story that Hercules himself, while having to cross a mountain on his way to the garden of the Hesperides, used his superhuman strength to smash a mountain into two pieces that was blocking his way, rather than climb over it. When these two pieces of the mountain fell into the sea, they formed what we know of today as; Gibraltar and Monte Hacho. Ever since this tale of what happened within the strait of Gibraltar was told, these two halves of the mountain have been known as the Pillars of Hercules.
Although in today’s world we do not know of people with such superhuman strength as the described Greek gods. The tale of Hercules and how he managed to smash through a mountain creating to separate huge rocks, lives on. This is why when we see the strongmen performing these super extreme holds, this is the closest thing to superhuman strength as we know it. This is why holding up two huge concrete pillars is known as the Hercules hold. Although the strongmen of today hold these pillars from falling down, this is how we would imagine the incredible Hercules would have held these rock formations from falling down if they had been a danger.

About The Hercules Hold

The Hercules hold requires the strongman to hold up two giant pillars of 160kg each for as long as possible, this is a true test of power, grip strength and determination. It is often the athlete that can best overcome the mental torment of being pulled apart by two massive weights that prevails, over the man with the superior grip or strength but cannot handle the mental torment that is applied.

The two pillars (or weights in less extravagant setups) are attached to chains which have handles for the strongman to grip hold of. The strongman stands in the middle, in this case between the two pillars and takes hold of a handle in each hand before the pillars are released. Once the pillars are released they start vigorously pulling the strongman in opposite directions. The man who can hold onto the pillars for the longest time is declared the winner.

Training for the Hercules Hold: The Hercules Hold is very difficult to practice as it is not often that you find two falling pillars with chains and handles on for you to hold. Even creating a makeshift way to practice this can be very dangerous depending on what you are using to hold onto. Although there are not many things that can replicate this hold, the closest thing to being able to hold a good amount of weight in each arm in this way is within a gym. While using a gym, if you take the cable crossover machine (one with adjustable height), you can replicate this hold by putting the weight nice and high on both cables, at a height slightly below your shoulders. Find a few people within the gym or even your friends if they are available, who can help and pass you a handle in each hand to hold. Once you have hold of both handles and the heavy weight is trying to pull you apart. Stay central and try to hold this weight for as long as possible. Although in the Hercules hold, you see the strongman hold on until he cannot anymore, this is only recommended if the people who are assisting you can grab the cables for when you let go. If this is not possible try to train yourself and improve your grip strength, but do not suddenly drop the handles if you have heavy weight on. One reason for this is because if you are new to this strongman exercise, you may cause yourself injury and secondly, if you suddenly let go and weights start smashing together in the gym, you may lose your membership!

Current World Records

The official record for the Hercules Hold was set at the Giants Live Wembley in 2019 and is in the name of Mark Felix with a stunning time of 83.62 seconds. Since then Mark Felix has gone on to set a new world record in the Hercules Hold event at Giants live Manchester in 2019 with a time of 87.52 seconds. This is currently the highest time achieved within this event and is currently the world record.

 

Date of Event: Name of World Record Holder: Location of Event: Record Time:
Sep 7th 2019  Mark Felix Giants Live, Manchester Arena 87.52 seconds
July 6th 2019  Mark Felix Giants Live, Wembley Arena 83.62 seconds

 

PLEASE VIEW ON THE VIDEO CLIP 

 

 

https://youtu.be/KLDaqZIvwi0

 

 

 

 

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Kelington records 

 

 

11-fold hike in 2Q net

 

profit

Financial Profit Infographic With Upward Arrows | Templates PowerPoint  Slides | PPT Presentation Backgrounds | Backgrounds Presentation Themes

 

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NEWSFLASH ON NASDAQ 
 
NEWSFLASH ON NASDAQ 
 
NEWSFLASH ON NASDAQ 

In the financial , stock market theme in US is the technology sector , 

Nasdaq with the 52 weeks , low is 10,519 points and the high is 15,385 points , the closing for 2 September 2021 is near the historical high ( 15,390 points )
14,836 points and now KLSE - technology stocks in
 Technology sector  enjoy positive  momentum ,
 and the spillover strong positive effects included 
 
  3. KGB / 0151 Warrant for Technical / Trading Buy
 
3.1  KGB /0151 , one of their key business is 

UHP DELIVERY SYSTEMS


We serve industries that require ultra high purity (UHP) gases and chemicals in specialized applications. Having a strong understanding of the unique characteristics of these specialty gases and chemicals, we engineer solutions that ensure safe handling of the delivery and distribution of these substances all the way from source to equipment to waste disposal.

The use of gas purification and abatement technologies are critical to ensure that gases fed into the UHP delivery system are of specified purity level, while the waste gases produced as a result are treated accordingly prior to disposal.

 

image.png

 

 
 
 

 

UHP Gases/Semiconductors

We have the complete solution for UHP gas purity monitoring

Ultra-high purity (UHP) gases are essential for semiconductor manufacturing and the production of electronics such as LED and LCD displays. We provide a single-supplier solution for all UHP measurements in these applications.

===========================================================================================================================
Nasdaq - Big Gainers
 
==========================================
(i) NVIDIA CORPORATION = 4 January 2021 / USD 131.14 
                                                6 August 2021 / USD 203.66
                                              + USD 72.52 translate to 55.30 %
===========================================
(ii) NXP SEMICONDUCTORS /NXPI= 5 January 2021 / USD 165.67 
                                                            6 August 2021 /   USD 213.75
                                                            + USD 51.71 translate to 32 %
============================================================================================
 
SEE_RESEARCH 
 
 
KGB / 0151 
 
 
 
1st Target Price  RM 2.00 
 
 
 
2nd Target Price RM 2.50
 
 
Let us witness another explosive run up on the prices
 
 in another 14  trading days , will it be
 fast & furious to 
 

RM 2.00 and
 
 
above RM2.50
==================================================================================
 
 
 
 
 

 

 

 

 OCB Berhad

 

MAIN CHAPTER

 

                1    THE TWIN SAME BUSINESSES 

FOR FOOD BASED INDUSTRIES , SAME CONSUMER SECTOR 

HWA TAI INDUSTRIES BERHAD / 8474 

& OCB /5533 

SAME CHARACTERISTICS OF HWA TAI INDUSTRIES BERHAD / 8674

in terms of positive upwards price actions . 

 

( i ) based in Consumer sector 

 

( ii ) in food business 

 

(iii ) small capital base : 

 

(a) Hwa tai / 8478 = 74, 874 lots 

================================================================

ANALYSIS OF MARKET CAPITALISATION & 

MARKET FLOAT IN KLSE 

 

(b)    OCB / 5533     =                  102,850 lots = 100 % 

 

( c ) TOP 30 SHAREHOLDERS = 82,548 LOTS = 80 %

 

( d )LONG TERM INVESTORS = 10,302 LOTS = 10 %

 

 

( e ) BALANCE FLOAT IN MARKET 

LESS THAN  10,000 LOTS  = 10 %

 

 

MEAN  : 1 LOT = 1,000 SHARES

 

1.2  The KING of THE FOOD  business is HWA TAI INDUSTRIES  Berhad , 

in term of positive upwards prices ;

and the followers ,

 one of them is

 

 OCB /5533 

 

 1.3   Some of my KLSE investors who are well known in the corporate community ask  3 direct questions in order 

 

to avoid pump and dump stock.

 

 

FOR OCB /5533 

Question Number 1 : MAKING MONEY ?

ANWER : YES 

 

QUESTION Number 2 : PAYING DIVIDEND ?

ANSWER : YES 

 

QUESTION Number 3 : when was the last payment of the dividend ?

ANSWER : ex date 16 July 2021 ;

                   payment date : 30 July 2021 ( RM 15.00 per 1 lot ) 

A dividend payment is the distribution of a company 's profit to its shareholders. 

Dividend is usually paid as a reward to its existing shareholders.

===========================================================================================

 

HOT SELLING FOOD BASED PRODUCTS 

IBUMIE PRODUCTS ( EASY CONVENIENT PACKS )
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PLEASE CLIP ON THESE

 5  IBUMIE VIDEO CLIPS TO UNDERSTAND THE DELICIOUS , TASTY IBUMIE ,

IN WHICH IBUMIE CONVENIENT PACKS ARE WIDELY SOLD THRU SUPERMARKETS ;

HAVE BEEN WELL RECEIVED AND LOVED 

 BY THE CONSUMERS, 

IN VARIOUS DIFFERENT COUNTRIES IN THE WORLD 

 









https://youtu.be/WJNAAtMOxxE

 

(iii) OCB / 5533 

SEE_RESEARCH 

WAIT for strong rally  VERY SOON

 First target  ------  RM 1.20

 
 

.Thanks for reading and see you in the next post.

THE ABOVE IS NOT A BUY OR SELL CALL AND IS ONLY A PERSONAL OPINION, WRITTEN AS ARTICLE FOR SHARING PURPOSES TO KLSE COMMUNITY MEMBERS.

 

DISCLAIMER: Investment involves risks, including possible loss of investment and other losses. 

This article and charts are provided for information only and should not be construed as a solicitation to buy or sell any of the instruments mentioned herein. The author may have positions in some of these instruments. The author shall not be responsible for any losses or profits resulting from investment decisions based on the use of the information contained herein. If investments and other professional advice is  required, the services of a licensed professional person should be sought.

  

 ISSUED BY SEE RESEARCH 

image.png

(SENSING EAGLE EYES RESEARCH)

 

Latest News Flash 

Caution continues to dominate

TheStar Sat, Sep 04, 2021 12:00am -  View Original


“Plantations stood out as all 11

 

stocks outperformed

 

 

 

 

 

“And so is plantation-

 

oil palm stocks are my choice.

 

 

 

Surpassing expectations: 

 

The plantation sector 

 

was the clear winner for the quarter under review, with most companies reporting profits that exceeded expectations thanks to strong average selling prices of CPO. — Bloomberg

THE recently concluded results season showed some sectors reporting profits exceeding or at least meeting with market expectations but on the whole, cautiousness continues to dominate going into the rest of the year, and even beyond.

The plantation sector was the clear winner for the quarter under review, according to Kenanga Research, with most companies reporting profits that exceeded expectations thanks to strong average selling prices of crude palm oil (CPO).

 

“Plantations stood out as all 11 stocks outperformed

 

our expectations except for IOI Corp Bhd and PPB Group Bhd that came in within and United Malacca Bhd that came in below expectations,“ it tells clients in a report.

“Against our estimates, the plantations sector had an overwhelming 73% of stocks surpassing expectations,” Kenanga says, adding that the other two sectors that surprised positively were utilities and healthcare while sectors leading the misses were construction, gaming and consumer.

The banking sector – always one to be watched – also did relatively well with no major negative surprises.

Some banks even declared dividends higher than what the market was anticipating.

Thomas Yong, CEO at Fortress Capital Asset Management, (pic below) opines that on the whole, second-quarter corporate earnings for Malaysia came in largely within expectations.

Fortres Capital Thomas YongsFortres Capital Thomas Yongs

“This is viewed positively considering the movement restrictions imposed as a result of the Covid-19 situation, as well as the political uncertainty.

“Overall, exporters benefited from external demand recovery but domestic-centric companies were affected by lower domestic consumption demand,“ Yong tells StarBizWeek.

He points out that risks associated with the banking sector were a concern for investors during the earlier part of the pandemic but so far, credit risks are perceived to have been well managed.

“Having said that, hiccups in delivering better earnings in the coming quarter due to the protracted movement restrictions are expected.

“In our view, the banking sector is a good proxy to any recovery of the broader economy going forward and the overall risk-reward profile is favourable, given the undemanding valuations of the sector,“ Yong adds.

 

 

For the coming year, he believes the technology sector

 

 

 

would continue to do well

 

 

due to favourable external semiconductor demand, particularly in the segments of 5G, electric vehicle and renewable energy.

That said, there could be some short-term disruptions due to chip shortages and logistic issues.

Meanwhile, in view of a higher rate of vaccination among regional countries going forward, he believes that a recovery of tourism-related sectors is possible, as countries are likely to adopt the “endemic approach” and open up their borders.

“In summary, the sectors which performed poorly in the recently-concluded results season might perform well due to pent-up demand when the Covid-19 outbreak is brought under control,“ says Yong.

For the second quarter, sectors that delivered poorer results were those hit hard by the movement restrictions including tourism, automobile, construction, retail and gaming.

“Technology and commodity sectors reported good earnings due to strong external demand and higher commodity prices,“ Yong adds.

Rakuten Trade Sdn Bhd head of equity sales Vincent Lau (pic below) notes that the recently concluded quarter saw better results compared to the quarter before.

Rakuten Vincent Lau cqRakuten Vincent Lau cq

“Banks, plantation,

 

technology

 

and semiconductor

 

all performed better than expected while gaming, construction, automotive, retail and hospitality were impacted by the lockdowns,“ he says.

Lau believes that as the local economy gradually opens up, banks will continue to do better, being direct proxies of the economy.

“The worst is over for banks,“ he says.

To be sure, in their respective statements released last week, two of the country’s largest banks – Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd – indicated that they were not overly optimistic in their outlooks.

Maybank group president and CEO Datuk Abdul Farid Alias in the lender’s statement said that given the expectations of a more challenging second half, the group would continue its strategy of focusing on robust risk management, strengthening its capital and growing its current account savings account (CASA) deposit base to provide sufficient buffers for unexpected events.

The lender, the larger of the top two, said given the prevailing challenging situation, it would continue with its preemptive provisions and management overlay largely due to the weakening macroeconomic outlook and the continued repayment assistance accorded to borrowers impacted by the pandemic.

CIMB Group was equally conservative in its outlook with group CEO Datuk Abdul Rahman Ahmad stating that the bank remained cautious “due to potential downside risks in the second half.“

“This is primarily due to the Covid-19 Delta variant, which has added to the uncertainty surrounding the opening of regional economies and economic recovery.”

The lender has consequently lowered its loan growth guidance to 2%-3% and expect provision levels to remain elevated, coupled with higher modification loss as it continues to provide repayment assistance to affected borrowers, it said.

Meanwhile, Rakuten’s Lau 

also picks the technology sector as a top choice moving into the next quarters.

 

“And so is plantation-

oil palm stocks are my choice. 

 

With CPO price remaining elevated, we will continue to see good results ahead,“ Lau adds.

 

He remains “cautiously optimistic” on the whole, cautioning that US markets, which are correlated to regional markets, are trading at all-time high levels.

============================================================================

 

For September 2021 onwards to December 2021 

 

 

These are the 18  sectors in KLSE 

 

 

Total : 1,496 counters including call warrants , warrants 

 

 

1.  Consumer 

 2. Industrial 

3. Construction 

4. Finance 

 

 

5. Technology 

 

 

6.  Properties 

 

 

7. Plantations

 

 

8. Healthcare 

9. SPAC

10. Transportation 

11. REITS 

12. Closed - End Fund 

13. Exchange Traded Fund 

14. Telecommunication

15. Utilities 

16. Energy 

17. PN 17

18. LEAP Market

===============================================================

Kenanga ,

Kenanga Investment Bank Berhad (Kenanga IB)

is a Malaysian financial services company which provides investment banking, stockbroking and investment management services.

 

Rakuten ,

Rakuten Trade Sdn Bhd (Rakuten Trade) is Malaysia's first fully online or digital equity broker.

Vincent Lau 

 

“And so is plantation-

 

Oil palm stocks are my choice.

 

 

With CPO price remaining elevated,

 

 

we will continue to see good results ahead,“ Lau

 

 

adds.

 

 

 

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