In a nutshell, our market view remains pretty much unchanged.
The domestic economic growth is expected to be decent at 4.7% in 2019 while big caps’ FY18E/FY19E earnings growth rates are estimated at 0.7%/6.9%.
Nonetheless, we believe the local market may still remain stuck in a range-bound mode until significant rerating catalysts are seen. While the downside could be cushioned, upside is uninspiring with our end-2019 Index Target pegged at 1,775, implying FY18E/FY19E PERs of 16.9x/15.8x.
Nonetheless, with >50% of listed stocks on Bursa Securities declining >20% in 2018, we believe values have emerged.
Therefore, in this quarter we focus on stocks that were sold down heavily. We have selected (i) AEON (OP, TP: RM2.00), (ii) BIMB (OP, TP: RM5.05), (iii) MBSB (OP, TP: RM1.25), (iv) OCK (OP, TP: RM0.570), (v) PADINI (OP, TP: RM4.05), (vi) PESTECH (OP, TP: RM1.45), (vii) PWROOT (OP, TP: RM1.65), (viii) SKPRES (OP, TP: RM1.25), (ix) UEMS (OP, TP: RM0.850) and (x) WCT (OP, TP: RM0.850) as our 1Q19 Top Picks.
Timing-wise, the ideal Buy on Weakness (B.O.W.) zone is between 1,670 and 1,620.
https://klse.i3investor.com/blogs/kenangaresearch/188501.jsp
Stock Name
|
Ref Date
|
Ref Price
|
Price Diff
|
Last
|
Range
|
Open
|
Change
|
Volume
|
Note
|
---|---|---|---|---|---|---|---|---|---|
AEON | 02-Jan-2019 | 1.47 | -0.06 | 1.41 | 1.40 - 1.43 | 1.40 | 0.00 | 119,600 | |
BIMB | 02-Jan-2019 | 3.57 | -0.57 | 3.00 | 2.92 - 3.00 | 2.95 | +0.02 | 968,900 | |
MBSB | 02-Jan-2019 | 0.925 | -0.39 | 0.535 | 0.53 - 0.54 | 0.535 | 0.00 | 2,532,900 | |
OCK | 02-Jan-2019 | 0.42 | +0.04 | 0.46 | 0.455 - 0.465 | 0.455 | +0.005 | 270,200 | |
PADINI | 02-Jan-2019 | 3.50 | -0.70 | 2.80 | 2.78 - 2.81 | 2.81 | 0.00 | 178,600 | |
PESTECH | 02-Jan-2019 | 0.995 | -0.18 | 0.815 | 0.81 - 0.84 | 0.825 | -0.01 | 2,496,900 | |
PWROOT | 02-Jan-2019 | 1.38 | -0.05 | 1.33 | 1.33 - 1.35 | 1.34 | -0.01 | 197,300 | |
SKPRES | 02-Jan-2019 | 1.05 | +0.69 | 1.74 | 1.70 - 1.76 | 1.74 | +0.01 | 1,006,300 | |
UEMS | 02-Jan-2019 | 0.665 | -0.345 | 0.32 | 0.32 - 0.33 | 0.33 | -0.005 | 253,600 | |
WCT | 02-Jan-2019 | 0.68 | -0.17 | 0.51 | 0.51 - 0.52 | 0.515 | -0.01 | 640,400 |
OUT OF 10 STOCK PICKS 8 ENDED UP RED RED
TOTALLY MISSED ALL THE OGSE STILLS OF 2019
KENANGA IB GAVE NEUTRAL CALL ON PALM OIL WILL ALSO MISS THE PALM OIL BULL RUN OF 2022
Created by calvintaneng | Jul 15, 2024
Created by calvintaneng | Jul 12, 2024
Created by calvintaneng | Jul 10, 2024
This is why Kenanga got 80% failed calls
See
https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2022-01-03-story-h1596522531-Public_Watchlist_Kenanga_s_Top_Picks_for_Year_2019
3 weeks ago
calvintaneng
Missed the 2019 Ogse bull run
Now will miss the Ai/DC center bull run stocks of Jcy, Notion and Dufu
Also miss the Tnb Rm90 Billions capex / Dual 5G bull stock called Hexcap
3 weeks ago