Growing uncertainties as a result of the double threat of a coronavirus outbreak and an oil-price war, worldwide equity market turns out to be tumultuous lately. However, the market sentiments have shift positive towards essential sectors due to their uninterrupted business during MCO period.

CCK, MFLOUR and TEOSENG are players in essential sector, as they are engaged in production of poultry products such as flour and eggs respectively which are in high demand during this critical period. Besides, a surge in poultry products demand is anticipated in conjunction of the upcoming Hari Raya and Harvest Festival celebrations in May. These factors may contribute to high sales for poultry industry in this quarter.

According to MQ Trader criteria, CCK, MFLOUR and TEOSENG are not fundamentally good companies, as their MQ Fundamental Rating is lower than 2.5. Hence, they are not suitable for long term investment.

CCK

MFLOUR

TEOSENG

In our opinion, we will start to look for the right spot to enter our position to grab the opportunity of the positive momentum of companies in essential sector like CCK, MFLOUR and TEOSENG. At the same time, we will monitor our position closely until there is any news that can affect its share price announced. Furthermore, we will wait for next annual financial results to determine the suitability of both companies for long term investment.

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Disclaimer

This article does not represent a BUY or SELL recommendation on the stock covered. Traders and Investors are encouraged to do their own analysis on stocks instead of blindly following any Trading calls raised by various parties in the Internet. We may or may not hold position in the stock covered, or initiate new position in the stock within the next 7 days.

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