Limit up soon

Rebound?

Panda Eco System may trend higher after it broke above the RM0.30 resistance and hit a new all-time high yesterday. The stock also posted 2 white candles in a row and its 20-day EMA is starting to turn upward, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM0.30 level with stop-loss set at RM0.27, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM0.36, followed by RM0.38.

Panda mengamuk! All Time High

EMPLOYEES PROVIDENT FUND BOARD acquired 3,500,000 shares on 27-Mar-2024.

Something is brewing?

What is coming up?

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 1,250,000 shares on 27-Mar-2024.

Malakoff eyes new gas, solar plants in Tanjung Bin for energy exports

https://theedgemalaysia.com/node/705994

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) ("KWAP") (a substantial shareholder) acquired 1,772,800 shares on 26-Mar-2024.

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) ("KWAP") (a substantial shareholder) acquired 983,100 shares on 22-Mar-2024.

MR LIM CHOW SEN @ LIM CHOW SOON (a substantial shareholder) acquired 2,500,000 shares on 27-Mar-2024.

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 2,250,000 shares on 26-Mar-2024.

https://www.thestar.com.my/business/business-news/2024/03/27/property-stocks-rally-on-declining-unsold-units-new-launches?fbclid=IwAR2OXOtWdsrgEqgpR_yN2DRSGz4F4UxXkbyk4ydV10dgQqx1aBuRuxrfd50

https://www.thestar.com.my/business/business-news/2024/03/27/property-stocks-rally-on-declining-unsold-units-new-launches?fbclid=IwAR2OXOtWdsrgEqgpR_yN2DRSGz4F4UxXkbyk4ydV10dgQqx1aBuRuxrfd50

https://www.thestar.com.my/business/business-news/2024/03/27/property-stocks-rally-on-declining-unsold-units-new-launches?fbclid=IwAR2OXOtWdsrgEqgpR_yN2DRSGz4F4UxXkbyk4ydV10dgQqx1aBuRuxrfd50

0.505!

Engine start. 0.70 today?

Investable ideas in the flood mitigation space include Malaysian Resources Corp which has been shortlisted for a flood mitigation job in Selangor. This is not a surprise as MRCB is currently involved in the MYR380m Muara Sungai Pahang Phase 3 flood mitigation project. Aside from this, Kimlun Corp (KICB MK, NR) has expressed its intention to bid for flood mitigation projects which will most likely be in Johor given the group’s prominence in the state, in our view. We also do not discount the possibility of Rohas Tecnic (RTEC MK, NR) potentially clinching flood mitigation projects in the near future. This is premised on its involvement in the MYR85m job constructing pumping stations at two existing retention ponds and laying water pipelines to convey the water to the Semenyih Water Treatment Plant (WTP) intake.

Tomorrow continue the show

https://klse.i3investor.com/web/blog/detail/rhbinvest/2024-03-26-story-h-185530132-Construction_Flood_Mitigation_Projects_on_the_Horizon

To the moon!

0.665!

0.495!

Finally wake up

0.655!

0.650!

Limit up?

Malaysian Resources Corporation is positioned for a robust rebound after breaking above the immediate resistance at MYR0.61. This was followed by consolidation at the same level yesterday, with the stock maintaining its position above the 21- day SMA line. If it continues to surpass the immediate resistance, there is a likelihood of the stock trending higher towards the MYR0.64 resistance, and potentially the MYR0.705 resistance. However, a fall below MYR0.57 would invalidate the bullish bias.

Source: RHB Securities Research - 21 Mar 2024

Hitting golden cross

Can break 0.650 today?

Executive Director Appointment - MISS KHAVITHA DEVI A/P POTHURAJU on 25-Mar-2024.
Executive Director Appointment - MADAM SHAFINA BINTI SYAFEI on 25-Mar-2024.
Director Appointment - DR ZHANG YAN on 25-Mar-2024.

Golden cross

Accumulating mode

+ 7.89%

0.640! Raya berganda

0.635! Raya awal...

Heading towards golden cross

Breakout alert

Golden cross

Foreign fund coming in

Public portion of Zantat’s IPO oversubscribed by 130.15 times

https://theedgemalaysia.com/node/704912

TP: 1.15

My EG Services Says Co And Direct Lending Launch BNPL Programme For Automotive Services
https://www.tradingview.com/news/reuters.com,2024:newsml_FWN3FT1EM:0-my-eg-services-says-co-and-direct-lending-launch-bnpl-programme-for-automotive-services/

Ready to fly

Technical BUY on breakout (RM0.21) with +47.6% potential return
- Last: RM0.205 TP: RM0.265, RM0.34 SL: RM0.175
- Timeframe: 2 weeks to 2 months

Strong support at 0.230 even after QR report came out. Could be 0.230 is the lowest price it could go, no lower than this? So its now time to fly back to 0.30 and above.

EKOVEST: Brace for a rebound
Following a 39.3% slump in EKOVEST’s share price from 52-week high of RM0.62 to yesterday’s RM0.445, we believe its risk-to-reward ratio has turned favourable for investors to accumulate. We identify two major catalysts that could potentially drive its share price higher:

Monetization of DUKE Phase 1 and Phase 2. EKOVEST's strategic plan to monetize DUKE Phase 1 and Phase 2 is considered a potent driver for the group's share price. These assets hold substantial value, possibly even double the company's current market capitalization. The projected disposal gains from these assets could reach RM2-3bn based on consensus estimates.

Construction segment. The construction segment of EKOVEST recorded a 5% YoY increase in 1QFY24, primarily driven by higher contributions from the completion of the SPE highway. This upward trajectory is anticipated to persist, fuelled by the acceleration of progress billings for the Johor Baharu-Singapore Rapid Transit System Link (RTS) project. Furthermore, EKOVEST's tender book currently stands at RM4.7bn, encompassing projects such as the KL Bund and the Istana Link of DUKE Phase 2A.

Back to support; pending for a rebound. Following the formation of a double top on 2 Feb 2024, followed by retracement to the targeted double top target price of RM0.45-0.46, EKOVEST is currently grossly oversold with indicators on the mend. The oversold indicators, combined with the anticipated strong support at the RM0.43-0.45 levels, are likely to draw strong buying interest in the stock, potentially leading to an oversold rebound. A successful breakout above RM0.47 could further reinforce bullish sentiment and drive the stock price higher toward RM0.48-0.52-0.55 region. Cut loss at RM0.39.

Collection range: RM0.42-0.43-0.445

Upside targets: RM0.48-0.52-0.55

Cut loss: RM0.39

Source: Hong Leong Investment Bank Research - 7 Mar 2024

Revenue: RM 13,364, 000
Net Profit: (RM 96,244,000)
EPS: -32.52

Tomorrow collect more

According to management, a final dividend will depend on the near-term debt obligation (RM746.3mn debt maturing within 1 year), working capital needs and the capital commitments (expect c.RM300mn capex in FY24). Considering the group’s cash position of RM2.3bn as of 4QFY23 and expectation of better outlook in view of stabilisation in coal prices, we expect MALAKOF to announce 1.5sen to 2.0sen of final dividend next month. Meanwhile, management disclosed that the E-Idaman acquisition is on track to complete by April 2024 and the finalisation of waste-to-energy plant is expected around 2Q to 3QCY24.

@FrankKY https://klse.i3investor.com/web/pricetarget/research/70061

In addition, Ekovest’s ongoing corporate restructuring is set to enhance overall efficiency and strengthen its asset portfolio. The merger with IWC-IWH brings a significant strategic landbank of over 4,000 acres in Iskandar Malaysia's Flagship A Zone. Noteworthy details of the restructuring include a reduced acquisition price, resulting in a lower dilution and improved earnings accretion for Ekovest.

DNEX is attractive to bargain at current levels above crucial support from the 30/5/23 low (37sen), for rebound upside to the 100-day ma (43sen) and 200-day ma (47sen), with tougher hurdles seen at 53sen and the 76.4%FR (59sen).

Resistance breakout