Prevailing headwinds from external and local factors should continue to buffet domestic equities in 2019. Trade tensions and a slowing global economy, coupled with subdued commodity prices that exacerbate Malaysia’s persistent weak fiscal profile and the corporate earnings deficitare main drags. Domestically, Malaysia remains in transition and – although structural improvements are underway – they are medium-term positives at best. Policy, execution, and political risks remain in play. An easing of US Fed tightening would dial back USD strength and could be a boon to EMs. A nimble trading strategy and astute stock picking will be key to outperformance.
Investment themes include an easing USD, identifying value stocks, defensive names, resilient yield plays
and beneficiaries of government-linked companies (GLC) reform.
Our end-2019 FBM KLCI target is 1,700 pts. We are OVERWEIGHT on banks, oil & gas, consumer, auto, gaming, basic materials and non-bank financials.
BJFOOD | 13-Dec-2018 | 1.35 | +0.80 | 2.15 | 2.00 - 2.15 | 2.00 | +0.05 | 386,300 | |
KERJAYA | 13-Dec-2018 | 1.08 | +0.13 | 1.21 | 1.16 - 1.21 | 1.18 | +0.02 | 141,500 | |
KGB | 13-Dec-2018 | 1.04 | +0.68 | 1.72 | 1.72 - 1.74 | 1.74 | -0.01 | 455,800 | |
MBMR | 13-Dec-2018 | 2.13 | +1.07 | 3.20 | 3.13 - 3.24 | 3.20 | 0.00 | 135,600 | |
MYNEWS | 13-Dec-2018 | 1.45 | -0.615 | 0.835 | 0.82 - 0.84 | 0.835 | -0.005 | 211,500 | |
PARAMON | 13-Dec-2018 | 2.01 | -1.315 | 0.695 | 0.695 - 0.70 | 0.695 | -0.005 | 45,700 | |
PETRONM | 13-Dec-2018 | 6.60 | -2.22 | 4.38 | 4.36 - 4.42 | 4.36 | +0.03 | 34,200 | |
PWROOT | 13-Dec-2018 | 1.27 | +0.06 | 1.33 | 1.33 - 1.35 | 1.34 | -0.01 | 197,300 |
RHB Research missed the OGSE Bull Run of 2019
Missed Dayang, Penergy, Uzma & missed Carimin
So will RHB Research miss 2022 Palm oil bull run as well (Why RHB gives underweight for palm oil?)
Stock Name
|
Ref Date
|
Ref Price
|
Price Diff
|
Last
|
Range
|
Open
|
Change
|
Volume
|
Note
|
---|---|---|---|---|---|---|---|---|---|
BJFOOD | 13-Dec-2018 | 1.35 | +0.80 | 2.15 | 2.00 - 2.15 | 2.00 | +0.05 | 386,300 | |
KERJAYA | 13-Dec-2018 | 1.08 | +0.13 | 1.21 | 1.16 - 1.21 | 1.18 | +0.02 | 141,500 | |
KGB | 13-Dec-2018 | 1.04 | +0.68 | 1.72 | 1.72 - 1.74 | 1.74 | -0.01 | 455,800 | |
MBMR | 13-Dec-2018 | 2.13 | +1.07 | 3.20 | 3.13 - 3.24 | 3.20 | 0.00 | 135,600 | |
MYNEWS | 13-Dec-2018 | 1.45 | -0.615 | 0.835 | 0.82 - 0.84 | 0.835 | -0.005 | 211,500 | |
PARAMON | 13-Dec-2018 | 2.01 | -1.315 | 0.695 | 0.695 - 0.70 | 0.695 | -0.005 | 45,700 | |
PETRONM | 13-Dec-2018 | 6.60 | -2.22 | 4.38 | 4.36 - 4.42 | 4.36 | +0.03 | 34,200 | |
PWROOT | 13-Dec-2018 | 1.27 | +0.06 | 1.33 | 1.33 - 1.35 | 1.34 | -0.01 | 197,300 |
Created by calvintaneng | May 04, 2024
Created by calvintaneng | May 02, 2024
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Created by calvintaneng | Apr 27, 2024