Dividends yield is 4.2% now

Better buy break out rally soon

Relax , trending upwards for Dec QR

UOBKH Retail Market Monitor
21 October 2022

FBMKLCI: 1,437.72 (+22.62)
Support: 1,390, 1,365
Resistance: 1,450, 1,470

Bursa Top Gainers:
IOICORP (+4.4%), DIGI (+3.6%), MAXIS (+3.6%)

Bursa Top Losers:
SIME (-0.45%), IHH (-0.16%)

Bursa Trade Statistics
Local Institutions (38.69%): +RM121.0m
Local Retail (17.04%): -RM37.0m
Foreign (44.27%): -RM-84.0m

Global Equity Indexes
MSCI Asia : 136.79 (-0.60, -0.44%)
NASDAQ : 10,614.84 (-65.67, -0.61%)
S&P500 : 3,665.78 (-29.38, -0.80%)
DJIA : 30,333.59 (-90.22, -0.30%)

USD/MYR : 4.7295 (+0.0053)
SGD/MYR : 3.3178 (+0.0030)

Crude Oil : $85.98 (+0.00)
Gold : $1,626.58 (+0.15)

US stocks were lower after the close on Thursday, as losses in the Consumer Goods, Utilities and Industrials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.30%, while the S&P 500 index declined 0.80%, and the NASDAQ Composite index lost 0.61%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2,059 to 1021 and 112 ended unchanged; on the Nasdaq Stock Exchange, 2,050 fell and 1,688 advanced, while 216 ended unchanged. (Source: Investing.com)

Stocks To Watch:
1) POHUAT (KLSE: 7088)
Technical BUY with +10.4% potential return
* Last: RM1.35   TP: RM1.42, RM1.49    SL: RM1.31
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) LIONIND (KLSE: 4235)
Technical BUY with +24.6% potential return
* Last: RM0.325    TP: RM0.375, RM0.405    SL: RM0.285
* Timeframe: 2 weeks to 2 months
* Shariah: NO

3) AJIYA (KLSE: 7609)
Technical BUY with +14.9% potential return
* Last: RM1.21   TP: RM1.32, RM1.39  SL: RM1.09
* Timeframe: 2 weeks to 2 months
* Shariah: YES

For the full research report, please log in to www.utrade.com.my


#TradingIdeasMY

Dropping like a rock. Exchange is 4.74 today

Trend is every 2 days exchange falls 1 cent. Today is 4.73

If I was the major shareholder and this company can provide eps of 30 cents in 2022, I would take it private

Heard felda set up a big chicken farm in preparation.......true?
Like low yat 2...lol

If my CC successfully slam the fine it could bankrupt the associate company

DJ futures is green. A reversal of price might be on the cards

If 50 breaks next 40 cents

Traditionally 4th quarter is the best season for demand, let's see in December weather it shrinks...

It's a personal choice but sentiments might shift if it hits 5.00 which is probable due to uncertainty of elections

Plus point dividends yield at current price is 4.5% @ 6 cents

https://markets.businessinsider.com/news/stocks/paul-krugman-monetary-policy-federal-reserve-inflation-interest-rates-hikes-2022-10

POV noted.
The high interest rates environment is only for the short term until inflation is under control Envisioned to taper in 2H 2023.
Demand would still be there as the economy is doing well. It would be substantiated by lower prices due to the exchange. Shortfall will be negated by exchange rate.
Trading at pe 4 the margin of safety is ample

Eventually sentiments would change from fear to export companies with minimal debt.
Patience

High debt is a problem

Deteriorating fast. Exchange is 4.72

Debt is a growing concern now....

Exchange broke 4.70...4.80 becomes a reality

Broke below 55 cents support next 50 cents...

Exchange is 4.70 today....

It had 70 cents backed cash. The company operation in Vietnam and Malaysia worth only 63 cents?

Obviously the operator is a major shareholder maybe privatisation is on the cards

No matter how you look at it this stock has the potential to end 2022 with an eps of 30 cents.
Too cheap to ignore

No lah. Roadblocks set up. Accumulation begins for Dec QR. Operator waiting for weak holders. Exchange is 4.69 today.
Patience

Demand for semiconductors and tin is going to be lower next year coupled with exchange concerns.
Wait for the ugly QR next month

You think earnings are still good management won't support? Waterfall mode now...could even end up below RM1.
Use your brain

Exchange is 4.68 today. Hopefully the operator would sell down more

Exchange is 4.67 today. Hello 4.80

Let the operator have his fun throwing his stock at a discount...opportunity knocking

Wheres the selling queue today? LOL

Good. Let's see how much further the operator can afford to sell down

So many selling queue. You think so many people actually queue to sell? Most people throw to the buyers if desperate to get out.
Exchange 4.65 now, end of this month targeted 4.80...let there be panic selling

Double whammy. Flour is more expensive plus depreciation of ringgit...not good

Testing your mind set. Weather you can distinguish and detached your self from the noise. The operator is killing off the weak holders if he can....

Waiting for operator to sell down...not much retail selling left

Some say it's unfair that the world uses usd as the main trade currency....

The rest of the world might suffer but I think US would cruise through ...

It is an induced recession by the feds not likely to last long if it happens but there is a chance it won't even happen as imported goods become cheaper for the US

Yeah but nothing to worry about. Cushioned by yet stronger usd. Probably another 8 cents for 4th quarter

The pullback is ending soon maybe after this week. How long can the operator sell his own stock?

Within 3 months likely to surpass 1.57. A very good probability. Patience is the name of the game

Anyway you can average down, technically it's currently in a pullback mode with the trajectory to complete a cup and handle formation

IMHO the stock would move up within these 3 months amidst bad sentiments resistance. Fundamentals too hard to ignore.
When was it 1.50?

Assuming 6% dividends per share, yield is at 4.4%. Any angle that make you worry?

Only PE 4 now let them sell down. Opportunities knocking
....

Don't worry. Year end eps 30 cents achievable. Only 3 months away

It's all a mirage....LOL