Bursa Malaysia (KLSE) Stock Investment Portal

Hot stocks: Dongyi Electronics pick RM2.38
Nanyang Fri, Sep 27, 2019 12:01am - 2 hours ago

The daily stock price trend of Dongni Electronics (GTRONIC, 7022, main board technology stocks) showed a technical rebound trend on September 26, closing at 2.15 ringgit, up 23 sen or 11.98%. In the short term, the stock may pick up a resistance barrier of 2.16 to 2.38 ringgit.

26/9/19 market

Closed market: RM2.15

Up and down: +23 sen

Volume: 87,507

Highest: RM2.16

Minimum: RM 1.92

P/E ratio: 20.476 times

Gross profit margin: 2.791%

52 weeks maximum: RM 2.60

52 weeks minimum: RM 1.39

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Stock: [GTRONIC]: GLOBETRONICS TECHNOLOGY BHD

2019-09-26 18:21 | Report Abuse

Daily Technical Highlights – (FPGROUP, GTRONIC)
Author: kiasutrader | Publish date: Fri, 20 Sep 2019, 11:31 AM

FPGROUP (Not Rated)
FPGROUP gained 1.5 sen (+2.47%) to close at RM0.415 yesterday.
The share has been on a rally after breaking above all its key SMAs in August (after releasing a good set of results).
However the rally appears overextended and we opine the share should undergo a consolidation or retrace closer to its moving averages in the near term.
Key support levels to look out for are RM0.390 (S1) and RM0.350 (S2).
Nevertheless, should buying momentum continue, resistances can be found at RM0.455 (R1) and RM0.520 (R2).

GTRONIC (Not Rated)
Yesterday, GTRONIC rose 6.0 sen (+3.37%) to end at RM1.84.
Chart-wise, the share has been slowly inching upwards after its plunge in early-Aug 2019. Yesterday’s close saw the formation of a long bullish candlestick, indicating buying momentum.
Coupled with encouraging signals from key momentum indicators and the fact that the share remains above its key SMAs, we believe buying momentum could remain strong.
From here, resistances can be found at RM1.90 (R1) and RM2.07 (R2).
Conversely, downside supports can be identified at RM1.80 (S1) and RM1.72 (S2).
Source: Kenanga Research - 20 Sept 2019

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Stock: [GTRONIC]: GLOBETRONICS TECHNOLOGY BHD

2019-09-26 15:42 | Report Abuse

Fly

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Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

2019-09-25 16:09 | Report Abuse

Oil price continue drop

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Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD

2019-09-24 15:20 | Report Abuse

Now in down trend mode

Stock

Stock: [VELESTO]: VELESTO ENERGY BERHAD

2019-09-24 13:02 | Report Abuse

Petronas's large-scale water supply in the second half of the year is expected to exceed 35 billion yuan.
Sinchew Mon, Sep 23, 2019 05:34pm - 19 hours ago

KUALA LUMPUR (Aug 23): Petronas will open a large water pipe in the second half of the year, with potential capital expenditures exceeding RM35 billion. Oil and gas stocks are expected to usher in the capital of China National Capital.

Petronas announced last week that capital spending fell 21% to RM15.7 billion in the first six months of this year, mainly because the Bianjialan project has completed 99.7%, so the downstream spending of Petronas has also decreased by 26% to RM4.7 billion.

The oil and gas industry contracted a year-on-year decrease of 6% to RM5.8 billion, but the overall performance has started to improve slightly. The oil and gas industry was awarded a 59% year-on-year increase in contracts in the second quarter. To RM4 billion.

Petronas' management hopes that the annual capital expenditure will reach RM50 billion, and it is expected that there will be more capital expenditure in the second half of the year.

Da Securities expects that the national capital expenditure at home and abroad will reach a balance.

Hong Leong Research believes that as of the first half of this year, the Bianjialan Comprehensive Center (PIC) has completed 99.7%. It is believed that the fourth quarter of this year can be put into operation, and Petronas will implement the capital expenditure commitment as scheduled.

The bank added that from the performance of Petronas in the first half of the year, production and output increased by 1.5% and 4.5% respectively. In addition, the Malaysian Ringgit weakened from RM3,94 to RM4,12, year-on-year, pushing up the performance of Petronas. It is believed that Petronas will allocate RM17.5 billion to capital expenditure in the second half of the year.

According to Kenanga research, 43% of Petronas' total capital expenditure in the first half of the year is for upstream use, 61% of which is for local use. It is believed that drilling and processing oil and gas companies can benefit from it, such as VELESTO Energy (VELESTO, 5243, Main Board) Energy Group) and Shabra Energy (SAPNRG, 5218, Main Board Energy Group).

Malaysia Investment Bank said that the oil and gas sector has a bright future, and global asset utilization can support service providers to improve performance. This move is beneficial to a number of upstream operators, VELESTO Energy, Shabra Energy, International Shipping (MISC, 3816, Main Board) Traffic and logistics group) and so on as "buy"

Rating, but more inclined to Dai Le Group (DIALOG, 7277, main board energy group) and Shiba Power (SERBADK, 5279, main board energy group), because the latter business nature is based on recurring income, providing operation and maintenance services.

Malaysia Investment Bank and Da Securities believe that the oil and gas sector is bright and maintain an “plus” rating. Kennag and Hong Leong are more cautious, standing on the same front and maintaining a “neutral” rating.