Dow Jones: 27,288.18 pts (+140.48pts, +0.52%)
⬆ Resistance:  29000
⬇ Support:  26200

FBM KLCI: 1,505.78 pts (+6.35pts, +0.42%)
⬆ Resistance:  1580
⬇ Support:  1470

HSI Index: 23,716.85 pts (-233.84pts, -0.98%)
⬆ Resistance:  25400
⬇ Support:  23300

Crude Palm Oil: RM2,957 (-RM50, -1.66%)
⬆ Resistance:  3170
⬇ Support:  2860

Brent Oil: $41.72 (+$0.28, +0.68%)
⬆ Resistance:  44.70
⬇ Support:  39.80

Gold: $1,900.21 (-$12.30, -0.64%)
⬆ Resistance:  2020
⬇ Support:  1850

M+ Online Technical Focus - 23Sep20
Kelington Group Bhd: Road to recovery

Trading Catalyst
• Established presence across regional markets; backed by notable clients include Infineon, Panasonic, Taiwan Semiconductor Manufacturing Company (TMSC), Seagate, Western Digital and Biocon.
• Supported by outstanding orderbook of RM488.0m to provide earnings visibility over the next 12-18 months. 
• Maintained a healthy balance sheet with a relatively low net gearing of 0.1x in 2QFY20.

Technical View

(i) KGB (S: RM1.11, R: RM1.24-1.27, LT TP:RM1.33, CL:RM1.10)

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

Source: Bloomberg, M+ Online

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