Dow Jones: 27,433.48 pts (+46.50pts, +0.17%)
⬆ Resistance:  28100
⬇ Support:  26100

FBM KLCI: 1,578.14 pts (-10.43pts, -0.66%)
⬆ Resistance:  1640
⬇ Support:  1520

HSI Index: 24,531.62 pts (-398.96pts, -1.60%)
⬆ Resistance:  25800
⬇ Support:  23700

Crude Palm Oil: RM2,758 (-RM7, -0.25%)
⬆ Resistance:  2870
⬇ Support:  2660

Brent Oil: $44.40 (+$0.25, +0.56%)
⬆ Resistance:  47.20
⬇ Support:  42.10

Gold: $2,035.55 (-$27.99, -1.35%)
⬆ Resistance:  2120
⬇ Support:  1930

M+ Online Technical Focus - 10 Aug 20
Industrial Products sector: Packaging materials

Trading Catalyst
• Change in consumer behaviour stemmed from Covid-19 give rise to demand for packaging materials as consumers gradually shift to online deliveries and take away as oppose to dining out.
• We see this industry on a boon (although not as prominent as plastic packaging players due to their relatively low cost) on higher traffic courier for food, groceries, electronic and healthcare products.
• The rise in the adoption of paper products are also on an upward scale in recent times.
• Already, Nestle Malaysia has reported that the group will be implementing 100% paper straws for all their ultra-high temperature (UHT) products by end-2020 will attribute to greater demand for paper packaging materials.

Technical View

(i) MASTER (S: RM1.89, R: RM2.3-2.5, LT TP:RM2.72, CL:RM1.88)
(ii) PPHB (S: RM0.675, R: RM0.84-0.97, LT TP:RM1.09, CL:RM0.67)

S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

Source: Bloomberg, M+ Online

Economic Releases For The Week (10/8/2020-14/8/2020):

10/8/2020
CN - China's Inflation Rate, 9.30AM
CN - China's Producer Price Index, 9.30AM
MY - Malaysia's Retail Sales, 12.00PM
UK - United Kingdom's Industrial Production, 2.00PM
UK - United Kingdom's Manufacturing Production, 2.00PM

11/8/2020
UK - United Kingdom's Unemployment Rate, 2.00PM
EU - Eurozone's ZEW Economic Sentiment, 5.00PM
US - United States' Producer Price Index, 8.30PM

12/8/2020
MY - Malaysia's 2Q2020 GDP Growth Rate, 12.00PM
EU - Eurozone's Industrial Production, 5.00PM
US - United States' Inflation Rate, 8.30PM

14/8/2020
CN - China's Retail Sales, 10.00AM
CN - China's Industrial Production, 10.00AM
US - United States' Retail Sales, 8.30PM
US - United States' Industrial Production, 9.15PM

Source: Trading Economics, M+ Online

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