Hold first and waiting for next new level

Up up up up

EMS like VS, ATAIMS is running full capacities

Dsonic no longer have buying interest. Look at the volume, not easy to back to 1.5, either cut loss or put into fridge. GG dy

Controlling shareholder TS Wong mops up more shares in MyEG
TheEdge Sat, Sep 19, 2020 05:38pm - 2 hours ago


KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the company’s filing with Bursa Malaysia.

He bought the block of shares at RM1.405 per share.

Wong is the single largest shareholder of the e-government service provider, with a 31.43% stake, including an indirect 20.87% held via Asia Internet Holdings Sdn Bhd.

Wong has been quite actively accumulating MyEG shares recently, both directly as well as through his investment vehicle Asia Internet. MyEG’s bourse filings show that Wong bought about 5.3 million shares in August, while Asia Internet mopped up five million more.

MyEG's share price has rebounded 73.7% from a trough in mid-March, closing at RM1.39 yesterday. Year to date, the stock has gained 26.4% from RM1.10 at end-2019.

Meanwhile, the company is also conducting share buy-back as well as cancellation of shares. In July, MyEG cancelled 12.5 million shares. Currently, MyEG has 142.18 million shares retained in treasury — equivalent to a stake of about 3.97%.

The company is now in the midst of a major corporate exercise that entails a reverse takeover of Ancom Logistics Bhd (ALB), another listed entity.

In mid-June, MyEG’s wholly-owned MyEG Capital Sdn Bhd bought a 10% stake in Labuan-based S5 Holdings Inc for RM90 million from Merrington Assets Ltd. The purchase consideration will be settled via a combination of RM75 million cash and the issuance of new shares worth RM15 million.

S5 is mainly involved in provision of security technology, intellectual property as well as development and customisation of solutions and systems. It is said to be a company to watch out for in the immigration technology space.

Around mid-July, it was announced that S5 was seeking a back-door listing via ALB.

ALB announced a proposal to take over S5 from S7 Holdings Sdn Bhd, Merrington Assets, MyEG Capital and Avocat Sdn Bhd at a price to be determined after an independent valuation is done. The acquisition will be settled via the issuance of ALB shares.

On completion of the reverse takeover, MyEG Capital is expected to be a substantial shareholder of ALB.

Controlling shareholder TS Wong mops up more shares in MyEG
TheEdge Sat, Sep 19, 2020 05:38pm - 2 hours ago


KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the company’s filing with Bursa Malaysia.

He bought the block of shares at RM1.405 per share.

Wong is the single largest shareholder of the e-government service provider, with a 31.43% stake, including an indirect 20.87% held via Asia Internet Holdings Sdn Bhd.

Wong has been quite actively accumulating MyEG shares recently, both directly as well as through his investment vehicle Asia Internet. MyEG’s bourse filings show that Wong bought about 5.3 million shares in August, while Asia Internet mopped up five million more.

MyEG's share price has rebounded 73.7% from a trough in mid-March, closing at RM1.39 yesterday. Year to date, the stock has gained 26.4% from RM1.10 at end-2019.

Meanwhile, the company is also conducting share buy-back as well as cancellation of shares. In July, MyEG cancelled 12.5 million shares. Currently, MyEG has 142.18 million shares retained in treasury — equivalent to a stake of about 3.97%.

The company is now in the midst of a major corporate exercise that entails a reverse takeover of Ancom Logistics Bhd (ALB), another listed entity.

In mid-June, MyEG’s wholly-owned MyEG Capital Sdn Bhd bought a 10% stake in Labuan-based S5 Holdings Inc for RM90 million from Merrington Assets Ltd. The purchase consideration will be settled via a combination of RM75 million cash and the issuance of new shares worth RM15 million.

S5 is mainly involved in provision of security technology, intellectual property as well as development and customisation of solutions and systems. It is said to be a company to watch out for in the immigration technology space.

Around mid-July, it was announced that S5 was seeking a back-door listing via ALB.

ALB announced a proposal to take over S5 from S7 Holdings Sdn Bhd, Merrington Assets, MyEG Capital and Avocat Sdn Bhd at a price to be determined after an independent valuation is done. The acquisition will be settled via the issuance of ALB shares.

On completion of the reverse takeover, MyEG Capital is expected to be a substantial shareholder of ALB.

Controlling shareholder TS Wong mops up more shares in MyEG
TheEdge Sat, Sep 19, 2020 05:38pm - 2 hours ago


KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the company’s filing with Bursa Malaysia.

He bought the block of shares at RM1.405 per share.

Wong is the single largest shareholder of the e-government service provider, with a 31.43% stake, including an indirect 20.87% held via Asia Internet Holdings Sdn Bhd.

Wong has been quite actively accumulating MyEG shares recently, both directly as well as through his investment vehicle Asia Internet. MyEG’s bourse filings show that Wong bought about 5.3 million shares in August, while Asia Internet mopped up five million more.

MyEG's share price has rebounded 73.7% from a trough in mid-March, closing at RM1.39 yesterday. Year to date, the stock has gained 26.4% from RM1.10 at end-2019.

Meanwhile, the company is also conducting share buy-back as well as cancellation of shares. In July, MyEG cancelled 12.5 million shares. Currently, MyEG has 142.18 million shares retained in treasury — equivalent to a stake of about 3.97%.

The company is now in the midst of a major corporate exercise that entails a reverse takeover of Ancom Logistics Bhd (ALB), another listed entity.

In mid-June, MyEG’s wholly-owned MyEG Capital Sdn Bhd bought a 10% stake in Labuan-based S5 Holdings Inc for RM90 million from Merrington Assets Ltd. The purchase consideration will be settled via a combination of RM75 million cash and the issuance of new shares worth RM15 million.

S5 is mainly involved in provision of security technology, intellectual property as well as development and customisation of solutions and systems. It is said to be a company to watch out for in the immigration technology space.

Around mid-July, it was announced that S5 was seeking a back-door listing via ALB.

ALB announced a proposal to take over S5 from S7 Holdings Sdn Bhd, Merrington Assets, MyEG Capital and Avocat Sdn Bhd at a price to be determined after an independent valuation is done. The acquisition will be settled via the issuance of ALB shares.

On completion of the reverse takeover, MyEG Capital is expected to be a substantial shareholder of ALB.

XMyEG owns a 10% stake in S5 Holdings. S5 security system is part of the National Integrated Immigration System (NIIS) of every bidders. So, whoever wins the contract, S5 wins and so is MyEg. No wonder TS Wong keeps mopping up more shares in MyEG of late.

QES Group buys factory for RM21m to double production capacity - https://www.thestar.com.my/business/business-news/2020/09/21/qes-group-buys-factory-for-rm21m-to-double-production-capacity (Share from StockHunter)

Alo Agjl@ Controlling shareholder TS Wong mops up more shares in MyEG
TheEdge Sat, Sep 19, 2020 05:38pm - 2 hours ago

MyEG owns a 10% stake in S5 Holdings. S5 security system is part of the National Integrated Immigration System (NIIS) of every bidders. So, whoever wins the contract, S5 wins and so is MyEg. No wonder TS Wong keeps mopping up more shares in MyEG of late.

MyEG owns a 10% stake in S5 Holdings. S5 security system is part of the National Integrated Immigration System (NIIS) of every bidders. So, whoever wins the contract, S5 wins and so is MyEg. No wonder TS Wong keeps mopping up more shares in MyEG of late.

MyEG owns a 10% stake in S5 Holdings. S5 security system is part of the National Integrated Immigration System (NIIS) of every bidders. So, whoever wins the contract, S5 wins and so is MyEg. No wonder TS Wong keeps mopping up more shares in MyEG of late.

Controlling shareholder TS Wong mops up more shares in MyEG
TheEdge Sat, Sep 19, 2020 05:38pm - 2 hours ago


KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the company’s filing with Bursa Malaysia.

He bought the block of shares at RM1.405 per share.

Wong is the single largest shareholder of the e-government service provider, with a 31.43% stake, including an indirect 20.87% held via Asia Internet Holdings Sdn Bhd.

Wong has been quite actively accumulating MyEG shares recently, both directly as well as through his investment vehicle Asia Internet. MyEG’s bourse filings show that Wong bought about 5.3 million shares in August, while Asia Internet mopped up five million more.

MyEG's share price has rebounded 73.7% from a trough in mid-March, closing at RM1.39 yesterday. Year to date, the stock has gained 26.4% from RM1.10 at end-2019.

Meanwhile, the company is also conducting share buy-back as well as cancellation of shares. In July, MyEG cancelled 12.5 million shares. Currently, MyEG has 142.18 million shares retained in treasury — equivalent to a stake of about 3.97%.

The company is now in the midst of a major corporate exercise that entails a reverse takeover of Ancom Logistics Bhd (ALB), another listed entity.

In mid-June, MyEG’s wholly-owned MyEG Capital Sdn Bhd bought a 10% stake in Labuan-based S5 Holdings Inc for RM90 million from Merrington Assets Ltd. The purchase consideration will be settled via a combination of RM75 million cash and the issuance of new shares worth RM15 million.

S5 is mainly involved in provision of security technology, intellectual property as well as development and customisation of solutions and systems. It is said to be a company to watch out for in the immigration technology space.

Around mid-July, it was announced that S5 was seeking a back-door listing via ALB.

ALB announced a proposal to take over S5 from S7 Holdings Sdn Bhd, Merrington Assets, MyEG Capital and Avocat Sdn Bhd at a price to be determined after an independent valuation is done. The acquisition will be settled via the issuance of ALB shares.

On completion of the reverse takeover, MyEG Capital is expected to be a substantial shareholder of ALB.

Controlling shareholder TS Wong mops up more shares in MyEG
TheEdge Sat, Sep 19, 2020 05:38pm - 2 hours ago


KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the company’s filing with Bursa Malaysia.

He bought the block of shares at RM1.405 per share.

Wong is the single largest shareholder of the e-government service provider, with a 31.43% stake, including an indirect 20.87% held via Asia Internet Holdings Sdn Bhd.

Wong has been quite actively accumulating MyEG shares recently, both directly as well as through his investment vehicle Asia Internet. MyEG’s bourse filings show that Wong bought about 5.3 million shares in August, while Asia Internet mopped up five million more.

MyEG's share price has rebounded 73.7% from a trough in mid-March, closing at RM1.39 yesterday. Year to date, the stock has gained 26.4% from RM1.10 at end-2019.

Meanwhile, the company is also conducting share buy-back as well as cancellation of shares. In July, MyEG cancelled 12.5 million shares. Currently, MyEG has 142.18 million shares retained in treasury — equivalent to a stake of about 3.97%.

The company is now in the midst of a major corporate exercise that entails a reverse takeover of Ancom Logistics Bhd (ALB), another listed entity.

In mid-June, MyEG’s wholly-owned MyEG Capital Sdn Bhd bought a 10% stake in Labuan-based S5 Holdings Inc for RM90 million from Merrington Assets Ltd. The purchase consideration will be settled via a combination of RM75 million cash and the issuance of new shares worth RM15 million.

S5 is mainly involved in provision of security technology, intellectual property as well as development and customisation of solutions and systems. It is said to be a company to watch out for in the immigration technology space.

Around mid-July, it was announced that S5 was seeking a back-door listing via ALB.

ALB announced a proposal to take over S5 from S7 Holdings Sdn Bhd, Merrington Assets, MyEG Capital and Avocat Sdn Bhd at a price to be determined after an independent valuation is done. The acquisition will be settled via the issuance of ALB shares.

On completion of the reverse takeover, MyEG Capital is expected to be a substantial shareholder of ALB.

Controlling shareholder TS Wong mops up more shares in MyEG
TheEdge Sat, Sep 19, 2020 05:38pm - 2 hours ago


KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the company’s filing with Bursa Malaysia.

He bought the block of shares at RM1.405 per share.

Wong is the single largest shareholder of the e-government service provider, with a 31.43% stake, including an indirect 20.87% held via Asia Internet Holdings Sdn Bhd.

Wong has been quite actively accumulating MyEG shares recently, both directly as well as through his investment vehicle Asia Internet. MyEG’s bourse filings show that Wong bought about 5.3 million shares in August, while Asia Internet mopped up five million more.

MyEG's share price has rebounded 73.7% from a trough in mid-March, closing at RM1.39 yesterday. Year to date, the stock has gained 26.4% from RM1.10 at end-2019.

Meanwhile, the company is also conducting share buy-back as well as cancellation of shares. In July, MyEG cancelled 12.5 million shares. Currently, MyEG has 142.18 million shares retained in treasury — equivalent to a stake of about 3.97%.

The company is now in the midst of a major corporate exercise that entails a reverse takeover of Ancom Logistics Bhd (ALB), another listed entity.

In mid-June, MyEG’s wholly-owned MyEG Capital Sdn Bhd bought a 10% stake in Labuan-based S5 Holdings Inc for RM90 million from Merrington Assets Ltd. The purchase consideration will be settled via a combination of RM75 million cash and the issuance of new shares worth RM15 million.

S5 is mainly involved in provision of security technology, intellectual property as well as development and customisation of solutions and systems. It is said to be a company to watch out for in the immigration technology space.

Around mid-July, it was announced that S5 was seeking a back-door listing via ALB.

ALB announced a proposal to take over S5 from S7 Holdings Sdn Bhd, Merrington Assets, MyEG Capital and Avocat Sdn Bhd at a price to be determined after an independent valuation is done. The acquisition will be settled via the issuance of ALB shares.

On completion of the reverse takeover, MyEG Capital is expected to be a substantial shareholder of ALB.

Controlling shareholder TS Wong mops up more shares in MyEG
TheEdge Sat, Sep 19, 2020 05:38pm - 2 hours ago


KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the company’s filing with Bursa Malaysia.

He bought the block of shares at RM1.405 per share.

Wong is the single largest shareholder of the e-government service provider, with a 31.43% stake, including an indirect 20.87% held via Asia Internet Holdings Sdn Bhd.

Wong has been quite actively accumulating MyEG shares recently, both directly as well as through his investment vehicle Asia Internet. MyEG’s bourse filings show that Wong bought about 5.3 million shares in August, while Asia Internet mopped up five million more.

MyEG's share price has rebounded 73.7% from a trough in mid-March, closing at RM1.39 yesterday. Year to date, the stock has gained 26.4% from RM1.10 at end-2019.

Meanwhile, the company is also conducting share buy-back as well as cancellation of shares. In July, MyEG cancelled 12.5 million shares. Currently, MyEG has 142.18 million shares retained in treasury — equivalent to a stake of about 3.97%.

The company is now in the midst of a major corporate exercise that entails a reverse takeover of Ancom Logistics Bhd (ALB), another listed entity.

In mid-June, MyEG’s wholly-owned MyEG Capital Sdn Bhd bought a 10% stake in Labuan-based S5 Holdings Inc for RM90 million from Merrington Assets Ltd. The purchase consideration will be settled via a combination of RM75 million cash and the issuance of new shares worth RM15 million.

S5 is mainly involved in provision of security technology, intellectual property as well as development and customisation of solutions and systems. It is said to be a company to watch out for in the immigration technology space.

Around mid-July, it was announced that S5 was seeking a back-door listing via ALB.

ALB announced a proposal to take over S5 from S7 Holdings Sdn Bhd, Merrington Assets, MyEG Capital and Avocat Sdn Bhd at a price to be determined after an independent valuation is done. The acquisition will be settled via the issuance of ALB shares.

On completion of the reverse takeover, MyEG Capital is expected to be a substantial shareholder of ALB.

Controlling shareholder TS Wong mops up more shares in MyEG
TheEdge Sat, Sep 19, 2020 05:38pm - 2 hours ago


KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the company’s filing with Bursa Malaysia.

He bought the block of shares at RM1.405 per share.

Wong is the single largest shareholder of the e-government service provider, with a 31.43% stake, including an indirect 20.87% held via Asia Internet Holdings Sdn Bhd.

Wong has been quite actively accumulating MyEG shares recently, both directly as well as through his investment vehicle Asia Internet. MyEG’s bourse filings show that Wong bought about 5.3 million shares in August, while Asia Internet mopped up five million more.

MyEG's share price has rebounded 73.7% from a trough in mid-March, closing at RM1.39 yesterday. Year to date, the stock has gained 26.4% from RM1.10 at end-2019.

Meanwhile, the company is also conducting share buy-back as well as cancellation of shares. In July, MyEG cancelled 12.5 million shares. Currently, MyEG has 142.18 million shares retained in treasury — equivalent to a stake of about 3.97%.

The company is now in the midst of a major corporate exercise that entails a reverse takeover of Ancom Logistics Bhd (ALB), another listed entity.

In mid-June, MyEG’s wholly-owned MyEG Capital Sdn Bhd bought a 10% stake in Labuan-based S5 Holdings Inc for RM90 million from Merrington Assets Ltd. The purchase consideration will be settled via a combination of RM75 million cash and the issuance of new shares worth RM15 million.

S5 is mainly involved in provision of security technology, intellectual property as well as development and customisation of solutions and systems. It is said to be a company to watch out for in the immigration technology space.

Around mid-July, it was announced that S5 was seeking a back-door listing via ALB.

ALB announced a proposal to take over S5 from S7 Holdings Sdn Bhd, Merrington Assets, MyEG Capital and Avocat Sdn Bhd at a price to be determined after an independent valuation is done. The acquisition will be settled via the issuance of ALB shares.

On completion of the reverse takeover, MyEG Capital is expected to be a substantial shareholder of ALB.

Jenny_MLP@fyi

Private placement has advantages over other equity financing methods, including less burdensome regulatory requirements, reduced cost and time, and the ability to remain a private company.

We need to return to regular life ASAP too

Tomorrow limit up

https://m.youtube.com/watch?feature=youtu.be&v=OFNHZiazK-g

I Sold glove , bought dpharma

Alo Bigearl.. pls listen to youtu

Wow

YouTube Link: https://youtu.be/OFNHZiazK-g
Hello everyone, presenting to you a new segment within my channel called the 2-minute QuickTake. Today, I will be featuring Supercomnet Technologies Berhad (Scomnet, 0001) with a market cap of RM1.29 billion. There was an off-market transaction of 35 million Scomnet shares which was done at RM1.95 (or 5.43% stake) recently.

Next TP over 5.00

Wow great go go go go

Fly fly

https://www.thestar.com.my/business/business-news/2020/09/15/duopharma-biotech-to-produce-second-oncology-medicine

Add more

Add more

******Rakuten Trading Stock Picking 14/9*****

The preferred fundamental stocks for Rakuten’s trading are AHB Holdings Bhd, an office furniture supplier for integrated systems, D’nonce Technology Bhd, an engineering solutions supplier, and Supercomnet Technologies Bhd. It is a wire and cable manufacturer in the medical equipment, electrical appliances, consumer electronics and automotive markets.

These three stocks are considered to be beneficiaries of the epidemic.

Rakuten Trading pointed out that Yili Holdings' latest products, "Covid Panels" and "SpaceCom Medical Hubs", will benefit from the new normal of office space and medical centers. The agency expects that as the demand for these products will surge as it enters the era of epidemic prevention, the group is likely to record record revenue in fiscal 2021.

Similarly, the agency predicts that Tianlong Technology will achieve record profits in fiscal 2021, because major glove manufacturers use the group's packaging boxes.

As for Shentong Wire, due to the epidemic pushing up medical cables, revenue will see strong growth. The group is expected to deliver the strongest performance ever, with earnings per share in the 2020 and 2021 fiscal years will rise by 59% and 68.3%, respectively.

乐天交易选股 14/9

乐天交易的首选基本面股是综合系统公司办公家具供应商艺丽控股（AHB Holdings Bhd）、工程解决方案供应商天龙科技（D’nonce Technology Bhd），以及神通电线（Supercomnet Technologies Bhd），该公司是医疗设备、电器、消费电子产品及汽车市场的电线与电缆制造商。

这3只股均被认为是疫情的受益者。

乐天交易指出，艺丽控股的最新产品“Covid Panels”和“SpaceCom Medical Hubs”，将受益于办公空间和医疗中心的新常态。该机构预计，由于进入疫情预防时代，对这些产品的需求将激增，该集团很可能在2021财年录得创纪录收益。

同样，该机构预测天龙科技将在2021财年实现创纪录盈利，因为主要手套制造商都是使用该集团的包装盒。

至于神通电线，由于疫情推高医疗电缆，收益将出现强劲增长。该集团料交出有史以来最强劲的业绩，2020和2021财年的每股盈利将分别劲扬59%和68.3%。

Solidrock@right

Eric963708@can you share to us ?

Accumulating more this morning

Supercomnet Technologies - Supercharged Growth Continues

Author: rakutentrade | Publish date: Mon, 7 Sep 2020, 2:44 PM

We continue to favour Supercomnet Technologies Bhd (“Scomnet”) for its resilient earnings outlook and as a proxy to the recession proof healthcare industry. We are raising our earnings estimates by 19.5% for FY21 on the back of rising orders from major clients. BUY with revised target price of RM2.68 premised on a 3-year average mean 34x PER which is at a discount to Bursa Malaysia Healthcare Index of 43x further supported by a 68% growth in EPS for FY21.

Scomnet’s recent 2Q20 results were pretty much in-line with our expectations where it reported net profit of RM5.95m (+45% from previous quarter and +12% from last year) with cumulative RM10m for 1H20.Net margins improved to 24.6% in 2Q20 and cumulative 1H20 to 19% from around 16.0% in FY19. We believe it is on track to surpass our RM30m forecast in FY20 with the medical cable segment being the key driver with resilient outlook and impressive pipeline of products to sustain its earnings going forward. Furthermore, their automotive segment is seeing a recovery post MCO and has landed a new major client in French PSA Group.

Scomnet is embarking on a multi-year expansion with initial capex of RM7-10m and eventually is expected to double production capacity catering for their supercharged growth in the medical products supplying their FDA and EMA approved medical cables to their long serving major key clients namely US based Edward Lifesciences and Denmark based Ambu and Mermaid Medical. These companies are major global cardiovascular medical devices companies anchoring Scomnet growth trajectory as cardiovascular diseases are the number no. 1 cause of death globally according to WHO.

Balance sheet remains healthy with cash pile growing to RM56.6m and zero borrowings. We expect Scomnet to deliver its strongest ever performance on record with supercharged growth in EPS of +59% in FY20 and +68.3% in FY21.

Source: Rakuten Research - 7 Sept 2020

KUALA LUMPUR (Sept 11): QES Group Bhd has proposed to undertake a private placement of up to 75.83 million shares to raise up to RM20.47 million, which will mainly be used for factory expansion, financing its research and development (R&D) and future working capital.

In a filing with Bursa Malaysia, the group said the placement size represents 10% of its total issued shares of 758.31 million, while the issue price will be determined later.

The placement shares will not be priced at a more than 10% discount to the five-day volume weighted average market price of QES shares immediately before the price fixing date.

The company said for illustration purposes, based on an issue price of 27 sen per share, the placement shares could raise up to RM20.47 million.

Of this amount, RM8.2 million will be allocated for factory expansion to double its current production capacity, RM5.3 million will be used for R&D on future products, such as wafer stockers with automated guided vehicle and Industrial Revolution 4.0-related projects.

While it has also earmarked RM4.9 million for future working capital use or other investment purposes, RM1.5 million will be used for expanding its China operation, which consists of setting up a technical support office in Shanghai, hiring additional three local engineers and one administrative staff as well as budget for participation in exhibitions, branding and marketing activities.

QES said it expects to complete the corporate exercise by the second half of 2020.

The group is principally involved in the distribution of inspection, test and measurement equipment, materials and engineering solutions, and manufacturing of optical inspection equipment, automated handling equipment as well as advanced wafer measurement systems.

At 3.40pm, the counter's share price was unchanged at 27.5 sen, giving it a market capitalisation of RM208.53 million. Some 9.42 million shares were traded.

QES Private Placement for expansion is very good for future

https://www.thestar.com.my/business/business-news/2020/09/10/short-term-price-boost

Dufu Technology Corp Bhd (Trading Buy)
• DUFU is involved in the design, development and manufacturing of precision machining, computer peripherals and parts for hard disk drive. The company serves the HDD (Hard Disk Drive) segment which is poised to benefit from rising demand for data centres and cloud storage services.

• QoQ, 2QFY20 revenue increased to RM73.4m (+37%) mainly due to the increase in volume loadings by customers operating in the HDD segment. However, net income declined to RM9.9m (-30%) given the higher overhead costs per unit as the group introduced hard-ship allowances and provision of meals for workers who came back to work during the Covid-19 lockdown.

• The group’s operations have returned to normal in the second half, which is expected to lead to satisfactory results for the full-year.

• On the chart, the stock has declined from a high of RM3.98 on 4th August to its current level of RM3.09. We believe a price reversal could be in sight as the stock’s RSI is near the oversold region. In addition, its shorter key SMAs continue to stay above the longer term key SMAs, indicating that the uptrend remains intact.

• Should the buying momentum resume, our overhead resistance levels are set at RM3.50 (R1, +13% potential upside) and RM3.70 (R2, +20% potential upside).

• On the flipside, our stop loss is pegged at RM2.75 (-11% downside risk).

Source: Kenanga Research - 11 Sept 2020

南洋行家论股

Author: Tan KW | Latest post: Thu, 10 Sep 2020, 8:06 AM

南洋行家论股

乐天大腾化学挑战RM2.05/敏源

Author: Tan KW | Publish date: Sat, 8 Aug 2020, 8:11 AM

马股的热络交投促使成交量冲破266亿股的新历史高峰，富时隆综指的交投走势却掉头回跌。

富时隆综指于8月7日闭市时以1578.14报收，按日跌10.43点或0.66%。

它的整日交投波幅介于12.94（1578.14-1591.08）点间。

乐天大腾化学（LCTITAN，5284，主板工业股）于8月7日闭市时反弹了。它于闭市时收1.92令吉，按日涨10仙或5.49%。

乐天大腾化学的30分钟图表走势，于8月7日的交投走势突破它的顶头阻力线（B1:B2）。

它的30分钟平滑异同移动均线指标（MACD），于8月7日的交投走势处于一个调整的格局。

它处于“0”支撑线上波动，乐天大腾化学的后市交投走势，或会出现一段短线回试它的下限支撑线的支撑（B1:B2）。

乐天大腾化学的日线图表走势于回试后，或会显现一段反弹走势，它或会挑战1.93-2.05令吉的阻力水平。

Good for LCTITAN

（吉隆坡9日讯）台风劳拉来袭影响石油化学产品供应，推高石化产品的平均售价，但分析员表示，这些短暂的季节性因素消散后，石化产品的售价将因供应过剩未解而再承压。

银河联昌证券分析员表示，亚洲聚合物价格在过去两周攀高，主要是厂房保养使地区供应紧张、中国农业相关聚合物生产进入旺季，以及秋冬季节服装开始大量生产，这些都拉高聚酯原料需求，如乙基乙二醇（MEG）和对二甲苯（PX）。

同时，8月杪袭击美国墨西哥湾沿岸的台风劳拉，助长亚洲聚合物价格的涨势。

这场台风造成当地几乎所有炼油厂、裂解厂和各种下游石化装置暂时关闭。

“因此，当前美国没有多余的聚合物可以出口。其乙烯与聚合物价格走高，削弱其在亚洲的竞争力，无法高价卖到亚洲。”

乐天化学关厂

针对我国两家石化产品挂牌公司，分析员提到，乐天化学大腾（LCTITAN，5284，主板工业股）的美国厂房直接受台风冲击。该公司在美国分别持有一家乙烷裂解厂及一乙基乙二醇工厂的20%及40%股权。

尽管厂房损害较轻，但输电线路被破坏，不得不关闭这两家厂房。

在电力恢复供应后（预计需时2周至4周），也得完成损害检查与维修后才能重启厂房。

另外，他指出，美国厂房不能开工，意味著没有收入抵消折旧与利息开销。乐天化学大腾的联号公司可能因此面对更大亏损。

该公司在现财政年上半年已认列联号公司一笔总值6000万令吉的亏损，占其核心亏损的57%。

无论如何，随著聚乙烯（PE）和聚丙烯（PP）与石脑油（Naphtha）之间的价差自3月来持续攀升，这对该公司第3季的营运有利。

而且，石脑油价格近期滑跌，会在9月进一步拉高价差。

此外，基于乙烷原料成本固定，聚乙烯和一乙基乙二醇聚合物售价上涨，将惠及国油化学（PCHEM，5183，主板工业股）第3季的短期前景。

国油化学短利

他补充，甲醇（Methanol）和烯烃价格也一直在上涨。还有印度需求增加，也拉升尿素价格。

然而，二甲苯价格未有显著变化，因中国以外的需求疲弱，也面对供过于求的问题。

谘询公司IHS报告称，边佳兰炼油厂、石脑油裂解厂和石化工厂的试运会从明年初，推迟至明年首季杪。

“这对国油化学而言是一项坏消息，因该公司的厂房已准备好投入运作，但却无法尽早产生回报。”

分析员说，石化产品价格或会维持强稳至第3季杪，归功于台风及其他季节性因素。

这些暂时性的有利因素会消散，而石化行业的结构性问题，即产能过剩依然迫在眉睫。

他估计，亚洲石化厂房完成定期维修后，末季起便可重新投运作，况且也会有一些新厂房（尤其在中国）加入竞争，届时便会推高供应，并拖累石化产品售价转跌。

有鉴于此，银河联昌证券维持我国石化业的“减持”投资评级。

国油化学今天下跌7仙或1.24%，至5.60令吉；乐天化学大腾滑落3仙或1.73%，至1.70令吉。

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