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What Happened This Week

First trading week in FMCO. RM 40 billion stimulus package. Serba Dinamik limit downs make the crypto market looks like child’s play. Dato’ Karim lost an estimated RM 1 billion of paper wealth, along with share price falls in KPower and SCIB. MMC Corp selective capital reduction privatisation offer at a premium to market price from billionaire Syed Mokhtar.

Serba Dinamik (5279) two consecutive days of limit down. Both its largest shareholder Datuk Kadier and Dato’ Karim showed weak confidence, by buying up a relatively small amount of shares as compared to total volume traded. Meanwhile, large blocks were seen traded off the market with possibility of new substantial shareholders.

SKB Shutter (7115) re-enter the year-to-date top gainer list, with its share price up 18% this week.

Zelan (2283) saw the largest move up this week by 50%. The infrastructure engineering and construction company released its annual report on Tuesday. Was there some gems inside the annual report to trigger the move up? Or maybe it’s part of the MMC Corp theme, as MMC holds 39.24% stake in the company. So fundamentals driven or goreng-goreng driven? Well, the candlestick on Friday sure looked like a long “goreng batang” with a gap up.

KLCI ended the week lower by 1%. Small caps and mid caps fare better to closed the week up less than 1%.

Technology and REIT were the best performing sectors. Energy, Healthcare, and Plantation were the worst performing sectors. The other sectors were flat.

This Week Top 25 Most Active Stocks

By Volume

By Value

This Week Top 10 Short Trades Value

Year-to-date (YTD) Top 25 Gainers

Year-to-date (YTD) Top 25 Losers

This Week Earnings Results Released

Over 100 companies announced their latest quarter results.

Sedania Innovator (0178) announced its Q1FY2021 results. Comparing against Q1FY2020, revenue was up 514%, profit returned to the black. Cumulative Free Cash Flow is marginally positive. Comparing against the immediate preceding quarter, revenue was up 774%, profit returned to the black. The better results was mainly due to positive contributions from the GreenTech segment and the newly acquired HealthTech subsidiary.

Management is optimistic of the growth prospects with the inclusion of the HealthTech segment, which is expected to supplement the Group’s existing businesses, and mitigate the risks of relying on current ongoing businesses. It remains cautiously optimistic to deliver a positive performance for the financial year ending 31 December 2021 against the backdrop of challenging uncertainty due to the prolonged COVID-19 pandemic.

Kawan Food (7216) announced its Q1FY2021 results. Comparing against Q1FY2020, revenue was up 22%, profit was up 24%. Cumulative Free Cash Flow was up 191%. Comparing against the immediate preceding quarter, revenue was up 8%, profit was up 28%. The better demand was due to rising demand in US & local market.

Management sees the rise of some raw material prices and delays in export shipment remain as challenges to the business. It is committed to proactive action with various cost efficiency measures in mitigating the temporary cost impact. It remains positive on Kawan’s outlook moving forward, mainly underpinned by the increasing demand for varieties of frozen food products that are easily available.

MYEG (0138) announced its Q1FY2021 results. Comparing against Q1FY2020, revenue was up 41%, profit was up 30%. Cumulative Free Cash Flow was up 39%. Comparing against the immediate preceding quarter, revenue was up 14%, profit was up 1%. The higher revenue was due to increase in volume from quarantine collection services under MySafeTravel as well as MySafeQ. PAT was only marginally higher due to lower operating margins for MySafeTravel and MySafeQ.

Management expects to continue introducing innovative services by leveraging on new technologies in Malaysia as well as the countries which it have presence in, to drive organic growth for FYE2021. Barring any unforeseen circumstances, Management is cautiously optimistic that the long-term outlook for MYEG remains positive.

This Week Key Economic Data Releases

Next Week Key Economic Data Releases

Wednesday - Malaysia April 2021 Labour Force Statistics

Friday - Malaysia April 2021 Index of Industrial Production, Manufacturing Statistics, and Performance of Wholesale & Retail Trade

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