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General
2021-01-06 08:47 | Report Abuse
Maybank Kim Eng sets KLCI year-end target at 1,830, supported by corporate earnings growth, ample liquidity
(theedgemarkets.com / January 05, 2021 16:17 pm +08)
KUALA LUMPUR (Jan 5): Maybank Kim Eng is projecting for the FBM KLCI to end higher at 1,830 points this year, buoyed by better corporate earnings growth and ample liquidity.
The target represents an upside of 14.1% to the KLCI’s level at 1,603.90 as at 3.10pm today.
The local benchmark index ended the year 2020 two trading days ago at 1,627.21. Its intraday high for the year was 1,695.96 on Dec 14, while its intraday low was 1,207.80 on March 19, a day after the movement control order (MCO) was imposed by the government.
Looking at the new year, Maybank Kim Eng head of regional equity research Anand Pathmakanthan said both the corporate earnings outlook and liquidity are “looking good” in 2021, thereby supporting the KLCI performance moving forward.
“For [corporate] earnings growth, we are looking at a very sharp recovery in 2021, which [is] expected to grow by 45% year-on-year (y-o-y), compared to a 11% contraction in 2020,” said Anand at a virtual media briefing on “Maybank Investment Bank’s 2021 Malaysia Outlook”.
According to him, the corporate earnings growth spurts would be due to a low-base effect from last year.
Also, he pointed out that the government's stimulus spending will support the overall economy growth, hence boding well for the corporate earnings growth outlook.
Earnings growth this year, he said, would be supported by the glove sector, which he expects to continue to do well, as well as the recovery-play sectors that include the casino and financial sectors.
Other sectors that he expects to support the earnings growth outlook are the plantation and oil and gas (O&G) sectors, driven by an upside to crude palm oil (CPO) and crude oil prices.
Another factor pushing the KLCI higher this year would be ample liquidity in the market, supported by the 125-basis point cuts in the overnight policy rate (OPR) done by Bank Negara Malaysia (BNM) last year.
“If you look at the banking system liquidity coverage ratio, [it] was at a near-record high. There was no shortage of liquidity in the system at this point of time.”
“All liquidity is looking for returns. Looking at asset classes in Malaysia, such as cash, property, fixed income and equity, equity looks more attractive as it gives higher yields,” Anand added.
Maybank Kim Eng has “overweight” calls for the mid-cap financials, utilities, healthcare, automotive, large-cap O&G, construction, plantation and technology sectors.
In contrast, it has given “underweight” ratings to aviation and the mid-cap O&G stocks.
## https://www.theedgemarkets.com/article/maybank-kim-eng-sets-klci-yearend-target-1830-supported-corporate-earnings-growth-ample
Stock
2021-01-05 14:16 | Report Abuse
Suddenly more & more buy call by IBs....
UOB - 5.50
Kenanga - 5.70
Seem like more huge upside potential for the year 2021...
CHEERS.............
Stock
2021-01-05 14:09 | Report Abuse
Analysts see cards improving for gaming sector, point to attractive valuation and appealing yields
(theedgemarkets.com / January 05, 2021 12:12 pm +08)
KUALA LUMPUR (Jan 5): Analysts are upbeat on the prospects of the gaming industry in this new year driven by the potential easing of travel restrictions following the Covid-19 vaccine rollout.
“After a challenging 2020 that was clouded by the Covid-19 outbreak and nationwide lockdowns, the gaming industry is set to embrace a prosperous 2021, with high hopes and optimism of the efficacies of the various approved Covid-19 vaccines,” said UOB KayHian Research.
“With the investment thesis sweetened by high dividend yields, gaming stocks’ valuations will partially price in the full earnings recoveries in 2022. Maintain 'overweight' with the casino subsector expected to deliver robust capital gains.
"Maintain 'buy' on Genting Malaysia Bhd (GenM) (TP: RM3.40), Genting Bhd (TP: RM5.50), Magnum Bhd (TP: RM2.55) and Berjaya Sports Toto Bhd (TP: RM2.46),” it added in a report today.
UOB KayHian also pointed out that the gaming sector’s yield “appeals”.
The research house believes that both the casino and numbers forecast operators (NFO) subsectors can sustain prospective dividend yields of 4% to 8% and 6% to 7% respectively in 2021, which are among the highest within its coverage universe.
“While both the casino and NFO subsectors’ intermediate dividend payouts will be compressed by weaker earnings, investors should gradually price in the gaming sector’s sustainable prospective yields of 4.2% to 7.5% from FY21 onwards.
"Meanwhile, we also expect GenM to [dole] out lucrative dividends for 2021, given its lush gross cash of RM3.7 billion (RM0.62/share) and considering parent Genting's cash needs to complete the construction of Resorts World Las Vegas. This should satisfy investors’ hunger for sustainable high-yield plays in a low interest rate environment and volatile capital market,” UOB KayHian noted.
Meanwhile, Kenanga Research opined that the “sector valuation remains attractive” as stocks are still 15% to 26% cheaper than a year ago.
“In all, 2020 is a lost year. However, the recovery, led by casinos reopening, was strong in 3QFY20 and this should extend into 2021 as borders eventually reopen depending on the vaccine rollout progress. We believe NFO ticket sales should revert back to pre-MCO levels in 1HCY21 but casino operators would take longer time to normalise, possibly only in 2022,” Kenanga Research noted in a report today.
“Overall, casino players, which were badly hit, are expected to lead a swift earnings rebound as opposed to NFO players for which ticket sales are currently at 80% to 85% of pre-MCO levels.
"Still, we expect GenM to see strong local casino revenue with the opening of its outdoor theme park attracting tourists while Genting should benefit from the strong Genting Singapore numbers which is fairly sustainable. Meanwhile, although the authority had already approved the increase in special draws back to 22 draws in 2021 from only eight last year for the NFOs, it may not be earnings enhancing. Continuous enforcement clamping down on illegal players remains the key to drive ticket sales.”
“In all, we continue to rate the sector 'overweight' with Genting (TP: RM5.70) as our top pick for its deep value while for income seekers, both NFO players offer above-average yield of more than 5%,” it added.
## https://www.theedgemarkets.com/article/analysts-see-cards-improving-gaming-sector-point%C2%A0-attractive-valuation-and-appealing-yields
Stock
2021-01-05 14:08 | Report Abuse
Analysts see cards improving for gaming sector, point to attractive valuation and appealing yields
(theedgemarkets.com / January 05, 2021 12:12 pm +08)
KUALA LUMPUR (Jan 5): Analysts are upbeat on the prospects of the gaming industry in this new year driven by the potential easing of travel restrictions following the Covid-19 vaccine rollout.
“After a challenging 2020 that was clouded by the Covid-19 outbreak and nationwide lockdowns, the gaming industry is set to embrace a prosperous 2021, with high hopes and optimism of the efficacies of the various approved Covid-19 vaccines,” said UOB KayHian Research.
“With the investment thesis sweetened by high dividend yields, gaming stocks’ valuations will partially price in the full earnings recoveries in 2022. Maintain 'overweight' with the casino subsector expected to deliver robust capital gains.
"Maintain 'buy' on Genting Malaysia Bhd (GenM) (TP: RM3.40), Genting Bhd (TP: RM5.50), Magnum Bhd (TP: RM2.55) and Berjaya Sports Toto Bhd (TP: RM2.46),” it added in a report today.
UOB KayHian also pointed out that the gaming sector’s yield “appeals”.
The research house believes that both the casino and numbers forecast operators (NFO) subsectors can sustain prospective dividend yields of 4% to 8% and 6% to 7% respectively in 2021, which are among the highest within its coverage universe.
“While both the casino and NFO subsectors’ intermediate dividend payouts will be compressed by weaker earnings, investors should gradually price in the gaming sector’s sustainable prospective yields of 4.2% to 7.5% from FY21 onwards.
"Meanwhile, we also expect GenM to [dole] out lucrative dividends for 2021, given its lush gross cash of RM3.7 billion (RM0.62/share) and considering parent Genting's cash needs to complete the construction of Resorts World Las Vegas. This should satisfy investors’ hunger for sustainable high-yield plays in a low interest rate environment and volatile capital market,” UOB KayHian noted.
Meanwhile, Kenanga Research opined that the “sector valuation remains attractive” as stocks are still 15% to 26% cheaper than a year ago.
“In all, 2020 is a lost year. However, the recovery, led by casinos reopening, was strong in 3QFY20 and this should extend into 2021 as borders eventually reopen depending on the vaccine rollout progress. We believe NFO ticket sales should revert back to pre-MCO levels in 1HCY21 but casino operators would take longer time to normalise, possibly only in 2022,” Kenanga Research noted in a report today.
“Overall, casino players, which were badly hit, are expected to lead a swift earnings rebound as opposed to NFO players for which ticket sales are currently at 80% to 85% of pre-MCO levels.
"Still, we expect GenM to see strong local casino revenue with the opening of its outdoor theme park attracting tourists while Genting should benefit from the strong Genting Singapore numbers which is fairly sustainable. Meanwhile, although the authority had already approved the increase in special draws back to 22 draws in 2021 from only eight last year for the NFOs, it may not be earnings enhancing. Continuous enforcement clamping down on illegal players remains the key to drive ticket sales.”
“In all, we continue to rate the sector 'overweight' with Genting (TP: RM5.70) as our top pick for its deep value while for income seekers, both NFO players offer above-average yield of more than 5%,” it added.
## https://www.theedgemarkets.com/article/analysts-see-cards-improving-gaming-sector-point%C2%A0-attractive-valuation-and-appealing-yields
Stock
2021-01-05 11:10 | Report Abuse
Keyman188 very pity for those listen to Dr. comments...
End up burning your hard earned money...
Kesian...kesian...Yum Gong lorrr.....
Stock
2021-01-05 11:06 | Report Abuse
Yalor...forgot 1 more member.....where is the Dr. !!!......
Suddenly MIA so long ready.....
Keyman188 suspect silently skip from the sinking ship liao...
Stock
2021-01-05 11:03 | Report Abuse
Why you bully him...
He still new mahhh....
We all also new before mahhh....
Need more lesson then can learn something mahhh.....
Posted by lee9fold > Jan 5, 2021 11:01 AM | Report Abuse
James89 disappear kah?
Stock
2021-01-04 20:46 | Report Abuse
Keyman188 comment is only for those need to heard & perceive...
Save your hard earned money to avoid fighting with Big Funds...
Sometime need to follow the "wind" where to come...where to blow....
---------------------------------------------------------------------------------------------------
Keyman188 not professional or expertise....
Keyman188 always spend more time listen to Professionals & Expertise to avoid burning Keyman188 hard earned money....
Keyman188 very scared to become warrior or hero...
Keyman188 no harm better listen more to Professionals & Expertise to avoid become shark & crocodile victim...
Keyman188 not the professional or expertise...Let the expertise give more advise to the market...
为什么想投资科技股就必须关注美国大选最终结果？马股橱窗粉饰之后会有调整吗？ - 陈剑
##https://klse.i3investor.com/blogs/kianweiaritcles/2020-12-26-story-h1538398268.jsp
业绩这么好为何股价涨不动？近期手套股业绩和股价走势背离最完整讲解！- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-20-story-h1536526427.jsp
新冠疫苗面世后，股市里的聪明钱会去哪里？对手套板块有多大影响？- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-14-story-h1536429185.jsp
-----------------------------------------------------------------------------------------------------------------------
That's reason why some investment banks (IB) had started to revise glove sector outlook.........
Hereby to enclose the latest glove preview & outlook by IB...
Macquarie downgrades Top Glove to 'underperform', halves target price as earnings could normalise in 2H21
(theedgemarkets.com / September 10, 2020 17:36 pm +08)
##https://www.theedgemarkets.com/article/macquarie-downgrades-top-glove-underperform-halves-target-price-earnings-could-normalise
JP Morgan pegs these glove makers' fair value at up to half their market price, says supernormal cycle is over
(theedgemarkets.com / December 12, 2020 00:16 am +08)
##https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-makers-fair-value-half-their-market-price-says-supernormal-cycle
PublicInvest Research downgrades Top Glove to 'neutral' on ESG concerns
(theedgemarkets.com / December 18, 2020 10:38 am +08)
##https://www.theedgemarkets.com/article/publicinvest-research-downgrades-top-glove-neutral-esg-concerns
Revision :-
Macquarie - TP : 5.45
JP Morgan - TP : 3.50
PB IB - TP : 7.30
Stock
2021-01-04 20:46 | Report Abuse
Keyman188 comment is only for those need to heard & perceive...
Save your hard earned money to avoid fighting with Big Funds...
Sometime need to follow the "wind" where to come...where to blow....
---------------------------------------------------------------------------------------------------
Keyman188 not professional or expertise....
Keyman188 always spend more time listen to Professionals & Expertise to avoid burning Keyman188 hard earned money....
Keyman188 very scared to become warrior or hero...
Keyman188 no harm better listen more to Professionals & Expertise to avoid become shark & crocodile victim...
Keyman188 not the professional or expertise...Let the expertise give more advise to the market...
为什么想投资科技股就必须关注美国大选最终结果？马股橱窗粉饰之后会有调整吗？ - 陈剑
##https://klse.i3investor.com/blogs/kianweiaritcles/2020-12-26-story-h1538398268.jsp
业绩这么好为何股价涨不动？近期手套股业绩和股价走势背离最完整讲解！- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-20-story-h1536526427.jsp
新冠疫苗面世后，股市里的聪明钱会去哪里？对手套板块有多大影响？- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-14-story-h1536429185.jsp
-----------------------------------------------------------------------------------------------------------------------
That's reason why some investment banks (IB) had started to revise glove sector outlook.........
Hereby to enclose the latest glove preview & outlook by IB...
Macquarie downgrades Top Glove to 'underperform', halves target price as earnings could normalise in 2H21
(theedgemarkets.com / September 10, 2020 17:36 pm +08)
##https://www.theedgemarkets.com/article/macquarie-downgrades-top-glove-underperform-halves-target-price-earnings-could-normalise
JP Morgan pegs these glove makers' fair value at up to half their market price, says supernormal cycle is over
(theedgemarkets.com / December 12, 2020 00:16 am +08)
##https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-makers-fair-value-half-their-market-price-says-supernormal-cycle
PublicInvest Research downgrades Top Glove to 'neutral' on ESG concerns
(theedgemarkets.com / December 18, 2020 10:38 am +08)
##https://www.theedgemarkets.com/article/publicinvest-research-downgrades-top-glove-neutral-esg-concerns
Revision :-
Macquarie - TP : 5.45
JP Morgan - TP : 3.50
PB IB - TP : 7.30
Stock
2021-01-04 20:41 | Report Abuse
You still stuck at the middle ring rong !!!....
Adui...
Kesianlah....yum gong lorrr.....
Posted by emc2garylow > Jan 4, 2021 8:10 PM | Report Abuse
After next week keyman188 disappear again one
Stock
2021-01-04 20:40 | Report Abuse
So far under GLC, Pharmaniaga only got this logistic department...
Dpharma more on R&D vaccine for different products....of course Vitamin is more saleable....
Posted by BennyWhittman > Jan 4, 2021 8:35 PM | Report Abuse
Seriously, althought committed, I don't think Dpharma is in the logistic and transportation of Vaccines. That's the job for Pharma. In fact, they are preparing for it now.
Stock
2021-01-04 20:38 | Report Abuse
Aiyo...Keyman188 always here but you didn't realized....
Keyman188 already gained handsome profit about 110% by 3 times for the past few months mahhh....
Keyman188 definitely not so desperately to bet in now lorrrr....
Posted by emc2garylow > Jan 4, 2021 8:10 PM | Report Abuse
After next week keyman188 disappear again one
Stock
2021-01-04 19:20 | Report Abuse
Keyman188 still can recall last few weeks, got people said Supermax would not drop below 6.00...
But last 2 days trading days suddenly dipped below 6.00 until 5.84...
Today more most until 5.38...
Keyman188 soon will heard people say again, will not drop below 5.00...
So right now better the coward come out & say again what Keyman188 highlighted...
Soon the market will tell you the truth whether will dip below 5.00 or not......kekeke...
Seem like coward now scare to say again....
Wkwkwk...kekeke...
Stock
2021-01-04 19:19 | Report Abuse
Keyman188 still can recall last few weeks, got people said Top glove would not drop below 6.00...
Today 1st day of new year trading day already bleeding almost limit down price to 5.23...
Keyman188 soon will heard people say again, will not drop below 5.00...
So right now better the coward come out & say again what Keyman188 highlighted...
Soon the market will tell you the truth whether will dip below 5.00 or not......kekeke...
Seem like coward now scare to say again....
Wkwkwk...kekeke...
Stock
2021-01-04 17:17 | Report Abuse
Part of the reason...that's why EPF can't upload some holding of this company lorrr....Keyman188 perceive lahhh....
Stock
2021-01-04 17:13 | Report Abuse
Aiya...Ah Thai got bad record on GOM...you forgot mehhh...
If got chance sure diversify to outside lahh....
Since last year is golden opportunity mahhh....
Sure lari kuat kuat 1/2 empire 1st lorrr....
Stock
2021-01-04 17:09 | Report Abuse
Aiyo...can not be lahhh....Not PN 17 company lahhh...
Be more logical lahhh........
If you tell market, shall be rationlised to 2.30 ~ 2.50 then still can acceptabla lahhh..........
Posted by miloo > Jan 4, 2021 4:41 PM | Report Abuse
If so, Keyman188 could be right, could end up less than RM0.50
Stock
2021-01-04 16:56 | Report Abuse
If too strong ringgit against US dollar, not good for export-oriented company
Stock
2021-01-04 16:56 | Report Abuse
Ringgit expected to strengthen to 4.0 against US dollar next week
(Bernama / January 02, 2021 10:20 am +08)
KUALA LUMPUR (Jan 2): The ringgit is expected to trade higher against the US dollar next week, on positive Covid-19 vaccine sentiment and better performance in crude oil prices, said an analyst.
Axi chief global market strategist Stephen Innes said as commodities are expected to fly out of the new year gates, particularly for the higher oil prices, they provide a double whammy of support for the local unit.
“The ringgit has been an underdog most of the year but its strong beta to commodity markets are now making it a leader of the pack.
“And it suggests the ringgit could be poised to test the key psychological 4.0 level against the US dollar, possibly as soon as next week,” he told Bernama.
Throughout this week, the ringgit continued to make inroads against the greenback, marking the 10th consecutive weekly gain versus the US dollar, even as the local note marched upwards in tandem with rising oil prices.
The heightened risk appetite also served as tailwinds for Asian currencies with many reaching multi-year highs over recent weeks.
The local market was closed on Friday for New Year holiday and will resume trading on Monday, Jan 4, 2021.
On a Thursday-to-Thursday basis, the ringgit was 390 basis points higher against the US dollar at 4.0200/0250 versus 4.0590/0620 in the previous week.
The local currency was also traded firmer against other major currencies except for the Singapore dollar.
It appreciated against the Japanese yen to 3.9018/9078 from 3.9153/9193, improved versus the British pound to 5.4905/4977 from 5.5186/5243 and gained against the euro to 4.9358/9427 from 4.9479/9528 from last Thursday.
## https://www.theedgemarkets.com/article/ringgit-expected-strengthen-40-against-us-dollar-next-week
Stock
2021-01-04 16:35 | Report Abuse
Keyman188 still can recall last few weeks, got people said Top glove would not drop below 6.00...
Today 1st day of new year trading day already bleeding almost limit down price to 5.23...
Keyman188 soon will heard people say again, will not drop below 5.00...
So right now better the coward come out & say again what Keyman188 highlighted...
Soon the market will tell you the truth whether will dip below 5.00 or not......kekeke...
Seem like coward now scare to say again....
Wkwkwk...kekeke...
Stock
2021-01-04 16:32 | Report Abuse
Keyman188 still can recall last few weeks, got people said Supermax would not drop below 6.00...
But last 2 days trading days suddenly dipped below 6.00 until 5.84...
Today more most until 5.38...
Keyman188 soon will heard people say again, will not drop below 5.00...
So right now better the coward come out & say again what Keyman188 highlighted...
Soon the market will tell you the truth whether will dip below 5.00 or not......kekeke...
Seem like coward now scare to say again....
Wkwkwk...kekeke...
Stock
2021-01-04 16:17 | Report Abuse
The power of RSS...
Even though today got good news from management also can't help much...
Now you know how the shark & crocodile playing around the market !!!...
Time to wake up lorrr....
Stock
2021-01-04 16:06 | Report Abuse
Keyman188 always like to repeat & repeat to remind market again...
Time to wake up switching to economy recovery stocks...
Smart money already gone & had switched to others....
Keyman188 foresee further downside risk towards 2.80 ~ 3.00......
If unable to support, further downside risk towards 2.55 ~ 2.65...
Don't be hero to fight current level......
Even though you all plan to keep it for long term...
But not at this point since overall this counter sentiment remained very very weak...
Don't burnt your hard earned money......
For more safety margin better be more patience until below 3.00 then decide again......
Fyi, for the past few years record range, 1.30 ~ 1.60.....
Only this year is different because of heading more speculation then shot up above 4.00......
Stock
2021-01-04 16:04 | Report Abuse
You all still don't want to wake up....
End up like glove sector...
Bleeding until you all can't believe................
Stock
2021-01-04 16:02 | Report Abuse
Time to believe Keyman1888 or not now....kekeke...
You all see what Keyman188 prediction of KLCI....
99% matching with Credit Suisse prediction....
https://klse.i3investor.com/servlets/forum/907144380.jsp
General
2021-01-04 15:55 | Report Abuse
Credit Suisse targets FBM KLCI to end 2021 at 1,795 points
Wong Ee Lin
(theedgemarkets.com / January 04, 2021 14:29 pm +08)
KUALA LUMPUR (Jan 4): The FBM KLCI, which assuming a V-shaped recovery in 2021, is anticipated to end the year at 1,795 points, according to Credit Suisse’s co-head of ASEAN securities research and head of research in Malaysia Danny Goh.
The local benchmark index ended the year 2020 at 1,627.21 points.
“Historically, we have seen a very high correlation between GDP (gross domestic product) performance and market performance. So, the market does tend to trough when GDP troughs, and also [corresponds] with economic recovery,” said Goh, at Credit Suisse's 2021 ASEAN Conference media briefing.
Goh noted that Malaysia is expected to deliver the third-highest GDP growth within the region at 6.8%, which is very much dependent on the execution of Budget 2021, which includes a very large fiscal stimulus.
“That number assumes that there will not be any major lockdown in 2021. That is one risk factor to consider. But it also did not take into consideration the impact of a vaccine as well,” he added.
In terms of earnings outlook for 2021, whereby the research firm is also looking at a V-shaped earnings recovery, Goh said Malaysia is expected to deliver the highest earnings growth within the region at 59% in 2021, due to the low base effect as well because of the lockdown that has widely affected 2020.
From the said 59% growth, Goh noted that two-thirds of it will be contributed by the banks, gloves and gaming counters, which are very much dependent on the economic recovery of the country.
Nonetheless, Goh said the research firm is only expecting earnings to recover to pre-Covid levels by 2022, if excluding glove makers.
“On an aggregate basis, [we are expecting] numbers to actually surpass 2019 in 2021. But if we were to take out [glove makers] from that, then actually we are really not assuming recovery in earnings for the rest of the sectors to pre-Covid level as yet,” said Goh.
Additionally, Credit Suisse is also expecting a return-on-equity (ROE) to rebound to 9.3% in 2021, from its all-time low of 6.1% in 2020. “This is something that will drive the re-rating of the market in 2021,” he noted.
Historically, Malaysia has been able to deliver low-teens kind of ROE but have seen compression in ROE over the last three years, Goh said.
In terms of valuation, he said the KLCI is currently trading at 9% discount to ASEAN peers, adding that the market is cheaper when compared with its historical valuations — which is at a 14 times P/E versus a historic average of close to 16 times.
P/B-wise, the market is trading at an all-time low of 1.4 times, Goh noted.
As the market in 2021 will not be a straightforward year, he suggested investors to strike a balance between recovery and defensive play.
Among the recovery plays, he suggested the banks, gaming, construction, property, and conglomerates, while sectors that are less dependent on economic recovery are the gloves, healthcare and technology counters.
At noon break, KLCI was down 26.56 points or 1.63% at 1,600.65, mainly pulled down by the glove counters.
## https://www.theedgemarkets.com/article/credit-suisse-targets-fbm-klci-end-2021-1795-points
Stock
2021-01-03 23:38 | Report Abuse
Ringgit expected to strengthen to 4.0 against US dollar next week
(Bernama / January 02, 2021 10:20 am +08)
KUALA LUMPUR (Jan 2): The ringgit is expected to trade higher against the US dollar next week, on positive Covid-19 vaccine sentiment and better performance in crude oil prices, said an analyst.
Axi chief global market strategist Stephen Innes said as commodities are expected to fly out of the new year gates, particularly for the higher oil prices, they provide a double whammy of support for the local unit.
“The ringgit has been an underdog most of the year but its strong beta to commodity markets are now making it a leader of the pack.
“And it suggests the ringgit could be poised to test the key psychological 4.0 level against the US dollar, possibly as soon as next week,” he told Bernama.
Throughout this week, the ringgit continued to make inroads against the greenback, marking the 10th consecutive weekly gain versus the US dollar, even as the local note marched upwards in tandem with rising oil prices.
The heightened risk appetite also served as tailwinds for Asian currencies with many reaching multi-year highs over recent weeks.
The local market was closed on Friday for New Year holiday and will resume trading on Monday, Jan 4, 2021.
On a Thursday-to-Thursday basis, the ringgit was 390 basis points higher against the US dollar at 4.0200/0250 versus 4.0590/0620 in the previous week.
The local currency was also traded firmer against other major currencies except for the Singapore dollar.
It appreciated against the Japanese yen to 3.9018/9078 from 3.9153/9193, improved versus the British pound to 5.4905/4977 from 5.5186/5243 and gained against the euro to 4.9358/9427 from 4.9479/9528 from last Thursday.
## https://www.theedgemarkets.com/article/ringgit-expected-strengthen-40-against-us-dollar-next-week
Stock
2021-01-03 23:37 | Report Abuse
Ringgit expected to strengthen to 4.0 against US dollar next week
(Bernama / January 02, 2021 10:20 am +08)
KUALA LUMPUR (Jan 2): The ringgit is expected to trade higher against the US dollar next week, on positive Covid-19 vaccine sentiment and better performance in crude oil prices, said an analyst.
Axi chief global market strategist Stephen Innes said as commodities are expected to fly out of the new year gates, particularly for the higher oil prices, they provide a double whammy of support for the local unit.
“The ringgit has been an underdog most of the year but its strong beta to commodity markets are now making it a leader of the pack.
“And it suggests the ringgit could be poised to test the key psychological 4.0 level against the US dollar, possibly as soon as next week,” he told Bernama.
Throughout this week, the ringgit continued to make inroads against the greenback, marking the 10th consecutive weekly gain versus the US dollar, even as the local note marched upwards in tandem with rising oil prices.
The heightened risk appetite also served as tailwinds for Asian currencies with many reaching multi-year highs over recent weeks.
The local market was closed on Friday for New Year holiday and will resume trading on Monday, Jan 4, 2021.
On a Thursday-to-Thursday basis, the ringgit was 390 basis points higher against the US dollar at 4.0200/0250 versus 4.0590/0620 in the previous week.
The local currency was also traded firmer against other major currencies except for the Singapore dollar.
It appreciated against the Japanese yen to 3.9018/9078 from 3.9153/9193, improved versus the British pound to 5.4905/4977 from 5.5186/5243 and gained against the euro to 4.9358/9427 from 4.9479/9528 from last Thursday.
## https://www.theedgemarkets.com/article/ringgit-expected-strengthen-40-against-us-dollar-next-week
Stock
2021-01-03 19:07 | Report Abuse
Adui...Keyman188 saw 1 of the coward victim asking other supporters don't voice so much....don't comment so much to naysayers...or dogs...or iddiots...
Why suddenly come out so much defensive...
Pity you slamming your own face....
Wkwkwk...
I still can recall...this coward said very rich until got few luxury cars lahhh...staying big house lahhh...
But right now the share price dropped little bit already so much of noise...
Kesian...kesian...yum gong lorrr....
Posted by Tyco > Jan 3, 2021 6:21 PM | Report Abuse
All naysayers and dogs FOMO and FOGI
Especially glove hater @Keyman188 @stocraider @glovefinish
Vaccine versus Convid is yet to know
Guinea pig future risk around the world are uncertain
Gloves and PPE products will stay forever
03/01/2021 6:20 PM
Stock
2021-01-03 19:06 | Report Abuse
Adui...Keyman188 saw 1 of the coward victim asking other supporters don't voice so much....don't comment so much to naysayers...or dogs...or iddiots...
Why suddenly come out so much defensive...
Pity you slamming your own face....
Wkwkwk...
I still can recall...this coward said very rich until got few luxury cars lahhh...staying big house lahhh...
But right now the share price dropped little bit already so much of noise...
Kesian...kesian...yum gong lorrr....
Posted by Tyco > Jan 3, 2021 6:20 PM | Report Abuse
All naysayers and dogs FOMO and FOGI
Especially glove hater @Keyman188 @stocraider @glovefinish
Vaccine versus Convid is yet to know
Guinea pig future risk around the world are uncertain
Gloves and PPE products will stay forever
Stock
2021-01-03 18:06 | Report Abuse
Keyman188 not professional or expertise....
Keyman188 always spend more time listen to Professionals & Expertise to avoid burning Keyman188 hard earned money....
Do you feel very very strange !!!...............
Why expert only opt for Hartalega....but not Top Glove & Supermax !!!!!!!!!!
-------------------------------------------------------------------------------------
The 11 stocks experts say you should own in 2021
(theedgemarkets.com / January 01, 2021 10:00 am +08)
The world went into real uncharted territories in 2020, starting with a pandemic no one had foreseen, and one the world had not experienced in decades. And while the subsequent slump in the equity markets was expected, the wild surge upwards as bulls dominated — including in Bursa Malaysia — was rather not, especially with the yet-to-dissipate shadows cast by the coronavirus.
Moving forward, the availability of vaccines raises optimism of a better year ahead.
The Edge contacted fund managers and analysts to tap their expertise in picking the stocks for 2021. Below is the list of stocks they highlighted:
Hartalega Holdings Bhd
If you still believe in the great earnings growth story in the rubber glove industry despite the availability of the Covid-19 vaccine, Hartalega Holdings Bhd could be a choice to buy on strength given that the stock has sagged almost 43% from its peak of RM21.16, according to Maybank IB.
Hartalega, the world’s largest nitrile glove maker, is one of Maybank IB’s top picks. It is projecting 580% growth on earnings per share in FY21 and 100% in FY22.
Hartalega stands out among the glove stocks, according to Maybank IB, due to lower oversupply risk in the nitrile space considering the limited supply of raw material, namely nitrile-butadiene rubber (NBR).
The anticipated continued robust growth has in turn made Hartalega appealing in terms of PER. Maybank IB noted that Hartalega's PER valuation is undemanding at nine times in 2021 and 12 times in 2022.
Furthermore, investment analysts believe that Hartalega may have room to raise its average selling prices to catch up with others in the industry that have already upped their selling prices substantially.
Any rebound might not be across the board in the coming year as the glove mania seems to be cooling off in the fourth quarter of 2020. Hence, stock selection is important moving forward.
## https://www.theedgemarkets.com/article/stock-picks
Stock
2021-01-03 18:06 | Report Abuse
Keyman188 not professional or expertise....
Keyman188 always spend more time listen to Professionals & Expertise to avoid burning Keyman188 hard earned money....
Do you feel very very strange !!!...............
Why expert only opt for Hartalega....but not Top Glove & Supermax !!!!!!!!!!
-------------------------------------------------------------------------------------
The 11 stocks experts say you should own in 2021
(theedgemarkets.com / January 01, 2021 10:00 am +08)
The world went into real uncharted territories in 2020, starting with a pandemic no one had foreseen, and one the world had not experienced in decades. And while the subsequent slump in the equity markets was expected, the wild surge upwards as bulls dominated — including in Bursa Malaysia — was rather not, especially with the yet-to-dissipate shadows cast by the coronavirus.
Moving forward, the availability of vaccines raises optimism of a better year ahead.
The Edge contacted fund managers and analysts to tap their expertise in picking the stocks for 2021. Below is the list of stocks they highlighted:
Hartalega Holdings Bhd
If you still believe in the great earnings growth story in the rubber glove industry despite the availability of the Covid-19 vaccine, Hartalega Holdings Bhd could be a choice to buy on strength given that the stock has sagged almost 43% from its peak of RM21.16, according to Maybank IB.
Hartalega, the world’s largest nitrile glove maker, is one of Maybank IB’s top picks. It is projecting 580% growth on earnings per share in FY21 and 100% in FY22.
Hartalega stands out among the glove stocks, according to Maybank IB, due to lower oversupply risk in the nitrile space considering the limited supply of raw material, namely nitrile-butadiene rubber (NBR).
The anticipated continued robust growth has in turn made Hartalega appealing in terms of PER. Maybank IB noted that Hartalega's PER valuation is undemanding at nine times in 2021 and 12 times in 2022.
Furthermore, investment analysts believe that Hartalega may have room to raise its average selling prices to catch up with others in the industry that have already upped their selling prices substantially.
Any rebound might not be across the board in the coming year as the glove mania seems to be cooling off in the fourth quarter of 2020. Hence, stock selection is important moving forward.
## https://www.theedgemarkets.com/article/stock-picks
Stock
2021-01-03 13:14 | Report Abuse
New Kids On The Block.........
https://www.youtube.com/watch?v=2txArOEsLPc&list=PLdInFsiD1uAgjLquoxfQ_H6I856M2hcIt&index=1
Stock
2021-01-03 13:12 | Report Abuse
No....Keyman188 only as the kid.........
Posted by Morpheus61 > Jan 3, 2021 1:11 PM | Report Abuse
Keyman, how desperate can you be man ?
Stock
2021-01-03 13:07 | Report Abuse
Keyman188 comment is only for those need to heard & perceive...
Save your hard earned money to avoid fighting with Big Funds...
Sometime need to follow the "wind" where to come...where to blow....
-----------------------------------------------------------------------------------------------------
Keyman188 not professional or expertise....
Keyman188 always spend more time listen to Professionals & Expertise to avoid burning Keyman188 hard earned money....
Keyman188 very scared to become warrior or hero...
Keyman188 no harm better listen more to Professionals & Expertise to avoid become shark & crocodile victim...
Keyman188 not the professional or expertise...Let the expertise give more advise to the market...
为什么想投资科技股就必须关注美国大选最终结果？马股橱窗粉饰之后会有调整吗？ - 陈剑
##https://klse.i3investor.com/blogs/kianweiaritcles/2020-12-26-story-h1538398268.jsp
业绩这么好为何股价涨不动？近期手套股业绩和股价走势背离最完整讲解！- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-20-story-h1536526427.jsp
新冠疫苗面世后，股市里的聪明钱会去哪里？对手套板块有多大影响？- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-14-story-h1536429185.jsp
-----------------------------------------------------------------------------------------------------------------------
That's reason why some investment banks (IB) had started to revise glove sector outlook.........
Hereby to enclose the latest glove preview & outlook by IB...
Macquarie downgrades Top Glove to 'underperform', halves target price as earnings could normalise in 2H21
(theedgemarkets.com / September 10, 2020 17:36 pm +08)
##https://www.theedgemarkets.com/article/macquarie-downgrades-top-glove-underperform-halves-target-price-earnings-could-normalise
JP Morgan pegs these glove makers' fair value at up to half their market price, says supernormal cycle is over
(theedgemarkets.com / December 12, 2020 00:16 am +08)
##https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-makers-fair-value-half-their-market-price-says-supernormal-cycle
PublicInvest Research downgrades Top Glove to 'neutral' on ESG concerns
(theedgemarkets.com / December 18, 2020 10:38 am +08)
##https://www.theedgemarkets.com/article/publicinvest-research-downgrades-top-glove-neutral-esg-concerns
Revision :-
Macquarie - TP : 5.45
JP Morgan - TP : 3.50
PB IB - TP : 7.30
Stock
2021-01-03 13:07 | Report Abuse
Keyman188 comment is only for those need to heard & perceive...
Save your hard earned money to avoid fighting with Big Funds...
Sometime need to follow the "wind" where to come...where to blow....
-----------------------------------------------------------------------------------------------------
Keyman188 not professional or expertise....
Keyman188 always spend more time listen to Professionals & Expertise to avoid burning Keyman188 hard earned money....
Keyman188 very scared to become warrior or hero...
Keyman188 no harm better listen more to Professionals & Expertise to avoid become shark & crocodile victim...
Keyman188 not the professional or expertise...Let the expertise give more advise to the market...
为什么想投资科技股就必须关注美国大选最终结果？马股橱窗粉饰之后会有调整吗？ - 陈剑
##https://klse.i3investor.com/blogs/kianweiaritcles/2020-12-26-story-h1538398268.jsp
业绩这么好为何股价涨不动？近期手套股业绩和股价走势背离最完整讲解！- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-20-story-h1536526427.jsp
新冠疫苗面世后，股市里的聪明钱会去哪里？对手套板块有多大影响？- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-14-story-h1536429185.jsp
-----------------------------------------------------------------------------------------------------------------------
That's reason why some investment banks (IB) had started to revise glove sector outlook.........
Hereby to enclose the latest glove preview & outlook by IB...
Macquarie downgrades Top Glove to 'underperform', halves target price as earnings could normalise in 2H21
(theedgemarkets.com / September 10, 2020 17:36 pm +08)
##https://www.theedgemarkets.com/article/macquarie-downgrades-top-glove-underperform-halves-target-price-earnings-could-normalise
JP Morgan pegs these glove makers' fair value at up to half their market price, says supernormal cycle is over
(theedgemarkets.com / December 12, 2020 00:16 am +08)
##https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-makers-fair-value-half-their-market-price-says-supernormal-cycle
PublicInvest Research downgrades Top Glove to 'neutral' on ESG concerns
(theedgemarkets.com / December 18, 2020 10:38 am +08)
##https://www.theedgemarkets.com/article/publicinvest-research-downgrades-top-glove-neutral-esg-concerns
Revision :-
Macquarie - TP : 5.45
JP Morgan - TP : 3.50
PB IB - TP : 7.30
Stock
2021-01-03 13:03 | Report Abuse
Another coward so hai victim follow Keyman188 so hai way...
Welcome to So Hai Club........
wkwkwk....kekeke....yum gong lorrr.........
Stock
2021-01-03 13:02 | Report Abuse
Another coward so hai victim follow Keyman188 so hai way...
Welcome to So Hai Club........
wkwkwk....kekeke....yum gong lorrr.........
Stock
2021-01-03 12:59 | Report Abuse
Wkwkwk...kekeke.....
Kesian .... kesian .... yum gong lorrr...........
Stock
2021-01-03 12:59 | Report Abuse
Wkwkwk...kekeke.....
Kesian .... kesian .... yum gong lorrr...........
Stock
Stock
Stock
2021-01-03 12:56 | Report Abuse
Adui...Keyman188 saw 1 of the coward victim asking other supporters don't voice so much....don't comment so much to naysayers...or dogs...or iddiots...
Why suddenly come out so much defensive...
Pity you slamming your own face....
Wkwkwk...
I still can recall...this coward said very rich until got few luxury cars lahhh...staying big house lahhh...
But right now the share price dropped little bit already so much of noise...
Kesian...kesian...yum gong lorrr....
Posted by Tyco > Jan 3, 2021 12:52 PM | Report Abuse
All naysayers and dogs FOMO and FOGI
@Keyman188
Stock
2021-01-03 12:55 | Report Abuse
Adui...Keyman188 saw 1 of the coward victim asking other supporters don't voice so much....don't comment so much to naysayers...or dogs...or iddiots...
Why suddenly come out so much defensive...
Pity you slamming your own face....
Wkwkwk...
I still can recall...this coward said very rich until got few luxury cars lahhh...staying big house lahhh...
But right now the share price dropped little bit already so much of noise...
Kesian...kesian...yum gong lorrr....
Posted by Tyco > Jan 3, 2021 12:52 PM | Report Abuse
All naysayers and dogs FOMO and FOGI
@Keyman188
Stock
2021-01-03 12:53 | Report Abuse
Aiyo AlvinTSK sifu (U-turn Man) so fast sien liao...
Keyman188 just taken full full lunch liao...now need some activities to digest mahhh....
Faster come back lorrr after lunch....
Posted by AlvinTSK > Jan 3, 2021 12:50 PM | Report Abuse
Sienzz ... better go have lunch ~~ tag out !!
Stock
2021-01-03 12:50 | Report Abuse
You know is so hai way...then you also follow Keyman188 so hai way...
Amboi.... really yum gong lorrr....
Welcome to So Hai Club...........wkwkwk...kekeke.........
Posted by AlvinTSK > Jan 3, 2021 12:48 PM | Report Abuse
I see you active both mah ...so i follow you and see lo ... who know your so hai way .... SO so hai .... wakaka
Stock
2021-01-03 12:48 | Report Abuse
Posted by Keyman188 > Jan 3, 2021 12:45 PM | Report Abuse X
LOL...this AlvinTSK (U-turn Man) also practice Keyman188 manner...
Cut & past from Top Glove to Supermax then from Supermax to Top Glove...
YOu are really so hai like Keyman188.....wkwkwk.....
Slamming your face again..............wkwkwk...wkwkwk.........
(Let the TG members here can view also)..............
Posted by AlvinTSK > Jan 3, 2021 12:42 PM | Report Abuse
Lets go to TG la ... copy and paste both forum ...very so hai !! maybe this is your so hai way !!
Stock
2021-01-03 12:45 | Report Abuse
LOL...this AlvinTSK (U-turn Man) also practice Keyman188 manner...
Cut & past from Top Glove to Supermax then from Supermax to Top Glove...
YOu are really so hai like Keyman188.....wkwkwk.....
Slamming your face again..............wkwkwk...wkwkwk.........
Posted by AlvinTSK > Jan 3, 2021 12:42 PM | Report Abuse
Lets go to TG la ... copy and paste both forum ...very so hai !! maybe this is your so hai way !!
Stock
2021-01-03 12:42 | Report Abuse
Adui...always slamming own face....
We really don't know how to trust "U-turn Man"...
Only shark & crocodile like "U-turn Man" can trap all victims only...
Amboi......Yum Gong lorrr.............
Posted by Keyman188 > Jan 3, 2021 12:35 PM | Report Abuse X
Aiyo...AlvinTSK sifu really making newbies more confusing...
Suddenly ask to sell...Suddenly u-turn said very confidence to buy......
So this week AlvinTSK sifu asking us to buy...then AlvinTSK sifu will be approaching us to sell next week again...
----------------------------------"U-Turn Man"--------------------------------
Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2021-01-14 13:58 | Report Abuse
Keyman188 not professional or expertise....
Keyman188 always spend more time listen to Professionals & Expertise to avoid burning Keyman188 hard earned money....
Keyman188 very scared to become warrior or hero...
Keyman188 no harm better listen more to Professionals & Expertise to avoid become shark & crocodile victim...
Keyman188 not the professional or expertise...Let the expertise give more advise to the market...
为什么想投资科技股就必须关注美国大选最终结果？马股橱窗粉饰之后会有调整吗？ - 陈剑
##https://klse.i3investor.com/blogs/kianweiaritcles/2020-12-26-story-h1538398268.jsp
业绩这么好为何股价涨不动？近期手套股业绩和股价走势背离最完整讲解！- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-20-story-h1536526427.jsp
新冠疫苗面世后，股市里的聪明钱会去哪里？对手套板块有多大影响？- 陈剑
## https://klse.i3investor.com/blogs/kianweiaritcles/2020-11-14-story-h1536429185.jsp
-----------------------------------------------------------------------------------------------------------------------
That's reason why some investment banks (IB) had started to revise glove sector outlook.........
Hereby to enclose the latest glove preview & outlook by IB...
Macquarie downgrades Top Glove to 'underperform', halves target price as earnings could normalise in 2H21
(theedgemarkets.com / September 10, 2020 17:36 pm +08)
##https://www.theedgemarkets.com/article/macquarie-downgrades-top-glove-underperform-halves-target-price-earnings-could-normalise
JP Morgan pegs these glove makers' fair value at up to half their market price, says supernormal cycle is over
(theedgemarkets.com / December 12, 2020 00:16 am +08)
##https://www.theedgemarkets.com/article/jp-morgan-pegs-these-glove-makers-fair-value-half-their-market-price-says-supernormal-cycle
PublicInvest Research downgrades Top Glove to 'neutral' on ESG concerns
(theedgemarkets.com / December 18, 2020 10:38 am +08)
##https://www.theedgemarkets.com/article/publicinvest-research-downgrades-top-glove-neutral-esg-concerns
AmBank Research sees 'limited upside' to glovemakers at current prices, cuts target PER by 10%
(theedgemarkets.com / January 13, 2021 12:58 pm +08)
##https://www.theedgemarkets.com/article/ambank-research-sees-limited-upside-glovemakers-current-prices-cuts-target-10
Glove bear JP Morgan tells clients gloves ain’t needed during vaccinations
(theedgemarkets.com / January 13, 2021 13:22 pm +08)
##https://www.theedgemarkets.com/article/glove-bear-jp-morgan-tells-clients-gloves-aint-needed-during-vaccinations
Revision :-
Macquarie - TP : 5.45
JP Morgan - TP : 3.50
PB IB - TP : 7.30
AmInvest - TP : 6.50
-----------------------------------------------------------------------------------------------------------------------
Keyman188 comment is only for those need to heard & perceive...
Save your hard earned money to avoid fighting with Big Funds...
Sometime need to follow the "wind" where to come...where to blow....