jfapex
Daily Highlights - 27 November 2020
Market Thoughts
US markets were closed yesterday due to the Thanksgiving Day. Meanwhile, European markets ended lower, taking breather from a recent global rally.
On the local market, the FBM KLCI closed up 14.53 points or 0,91% to 1612.11 points following the Budget 2021 approval. We expect some profit taking activities to weigh on the FBM KLCI with our resistance and support level of 1615 and 1550 points respectively following recent rally.
Stocks to watch are: Sarawak Oil Palms, Westports, IHH after posting better y-o-y quarterly results; whilst Dutch Lady, Genting Malaysia, YTL, Heineken, Time dotcom recorded weaker y-o-y performances; Bina Puri, through its joint-venture SPTK Joint Venture Co Ltd (SPTK JV), has signed a contract package with State Railway of Thailand (SRT) on the high-speed railway (HSR) project worth RM1.04b to connect Bangkok to Nakhon Ratchasima; HeiTech Padu announced that it had entered into a memorandum of understanding (MoU) with Regal Orion Sdn Bhd (RO) to explore all possible business collaborations to unlock potential business synergies via their respective competitive advantages and enhance data centre-related business activities in Malaysia; Ho Hup has signed an agreement with its major shareholder Low Chee Group Sdn Bhd to jointly develop two parcels of freehold lands, totalling 11.77 acres in Ampang.
Malaysia News & Highlights
Quarterly Results
- Hengyuan’s 3Q net profit triples on higher oil prices
- Sarawak Oil Palms' 3Q net profit rises to RM73.83 mil
- Sime Darby's 1Q net profit up 14% on strong motors division earnings
- 7-Eleven 3Q net profit surges over 12-fold q-o-q on better sales during RMCO
- YTL returns to the black in 1Q as utilities, cement manufacturing divisions improve q-o-q
- Heineken returns to profit as MCO restrictions lift, but cautions of recovery stuttering amid Covid-19 resurgence
- Press Metal 3Q net profit up 35% on higher aluminium prices
- Westports posts better Q3 net profit of RM203.8 mil
- Velesto reports modest 3Q net profit after loss-making quarter
- Auto business steers DRB-Hicom back into the black in 3Q
- Berjaya Corp’s 1Q net loss narrows q-o-q as business activity picks up post-MCO
- Genting Malaysia’s 3Q net loss narrows q-o-q as operations resume
- Kerjaya Prospek 3Q net profit triples on resumption of construction projects, proposes 1.5 sen dividend
- TH Plantations returns to black in 3Q with net profit of RM16m
- Hock Seng Lee 3Q net profit up 175% q-o-q on higher revenue
- Magnum returns to black in 3Q on higher draws q-o-q
- Dutch Lady 3Q net profit down 56.5% q-o-q on one-off inventory write off
Economic News
- Budget 2021 approved by Dewan Rakyat
Foreign News
- European markets close flat with Wall Street closed; AstraZeneca shares edge lower
- Oil extends gains on surprise U.S. inventory draw amid vaccine rally (Overnight Closing)
- Gold gains as weak U.S. jobs data, virus worries dim recovery hopes
More articles on jfapex
Pesona Metro Holdings Berhad - Building the Future
Created by jfapex | Aug 26, 2024
Pesona is valued at RM0.46 based on a Sum of Parts valuation, which also corresponds to a 13.0x 1-year forward PER of the Group’s FY25F EPS of 3.5 sen. This valuation is a discount to Bursa Construc
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
3
save malaysia!
Visa-free travel to China extended for Malaysians to 30 days
4
Good Articles to Share
5
Good Articles to Share
What’s behind the slew of restaurant bankruptcies in 2024? Experts unpack the problems
6
Good Articles to Share
Four convicted in Spain over homophobic murder that sparked nationwode protests
7
Good Articles to Share
8
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
