Investment Recommendation
The broker reiterates an Add recommendation for CLMT with a target price (TP) of RM0.80. The recommendation is based on the trust’s strong operational performance and its ability to deliver a solid dividend yield for investors.

Target Price (TP): RM0.80
Dividend Yield: FY25F dividend yield of 6.8%
This outlook suggests that CLMT remains a strong candidate for investors seeking reliable income and potential capital appreciation in the real estate sector.

https://www.minichart.com.sg/2024/10/11/capitaland-malaysia-trust-strong-performance-driven-by-robust-east-coast-presence/

Thank you

https://www.minichart.com.sg/2024/10/11/muhibbah-engineering-breaks-out-gearing-up-for-further-upside/

CGS International recommends a Technical Buy for Muhibbah Engineering. The stock recently surged, breaking out of a downtrend, underpinned by a long white candle and closing above key exponential moving averages (EMAs). This indicates a bullish shift in momentum.

Entry Price Range: RM0.90 to RM0.925
Stop Loss Level: RM0.83
Target Price 1: RM0.96
Target Price 2: RM1.03

Thank you

Mah Sing’s manufacturing segment is gaining momentum, with an ongoing expansion of its plastic business. Recently, the company entered a joint venture with its long-term Indonesian partner, PT Gaya, to increase the production and trading of plastic pallets, containers, and other handling and storage solutions. This joint venture is expected to increase Mah Sing’s manufacturing capacity by 10%, starting in October 2024.

With continued expansion plans, including new ventures in Thailand, Mah Sing is targeting further growth for its plastic manufacturing business, which may pave the way for a potential initial public offering (IPO) within the next three years. The Indonesian expansion alone is projected to drive a 10% increase in revenue for the plastic segment, unlocking additional value for shareholders and enhancing the company’s profitability.

https://www.minichart.com.sg/2024/10/09/mah-sing-group-expanding-growth-through-data-centers-manufacturing-and-property-development/

ITMAX continues to build a solid orderbook, leveraging AI technologies and unique database systems for competitive advantage. The company sees multi-year growth potential across Kuala Lumpur, Johor, and Penang, driven by smart city solutions, AI-enhanced services, and expansion into new regions. The stock is recommended as a BUY with a target price of RM4.10, reflecting a projected upside of 13.5%.

https://www.minichart.com.sg/2024/10/09/unlocking-itmax-systems-growth-potential-through-smart-city-innovations/

KPJ Healthcare (KPJ MK) – on track to achieve a 20% year-on-year growth in medical tourism revenue for 2024, with the Malaysia Healthcare Travel Council targeting a revenue of RM2.4 billion for the year. Thank you

https://www.minichart.com.sg/2024/10/08/kpj-healthcare-kpj-mk-on-track-to-achieve-a-20-year-on-year-growth-in-medical-tourism-revenue-for-2024-with-the-malaysia-healthcare-travel-council-targeting-a-revenue-of-rm2-4-billion-for/

Budget 2025: Building Sustainable Growth and Market Opportunities in Malaysia

https://www.minichart.com.sg/2024/10/07/budget-2025-building-sustainable-growth-and-market-opportunities-in-malaysia/

Budget 2025: Building Sustainable Growth and Market Opportunities in Malaysia

https://www.minichart.com.sg/2024/10/07/budget-2025-building-sustainable-growth-and-market-opportunities-in-malaysia/

Lagenda Properties (LAGENDA): Affordable Housing Leader Rising Above Market Challenges
https://www.minichart.com.sg/2024/10/07/lagenda-properties-lagenda-affordable-housing-leader-rising-above-market-challenges/

Key Drivers of Growth
Top Glove’s positive outlook stems from several strategic initiatives and external factors:

Market Recovery: The global glove industry has faced a downturn, but there are expectations for recovery as demand normalizes post-pandemic.
Operational Efficiency: Top Glove has been focusing on enhancing its operational efficiency, which is expected to help the company remain competitive and improve margins once the market recovers.
Target Price and Valuation
Top Glove’s target price has been set at RM1.45, reflecting an attractive upside from its current market price of RM1.01. The stock remains a good investment opportunity for those looking to capitalize on the glove sector’s eventual recovery and the company’s strong market position.

https://www.minichart.com.sg/2024/10/02/top-glove-optimistic-on-future-growth-with-strong-medium-term-prospects/

Tomei Consolidated Holds Steady with Promising Upside Potential
Technical Analysis
As of October 2, 2024, Tomei Consolidated’s stock price remains steady at RM1.860, the same as its entry price. The stock has held its position without significant movement, suggesting a stable outlook as it prepares for potential upward momentum.

Stock Position

Entry Price: RM1.860
Current Price: RM1.860
Stop Loss: RM1.750
Target Price: RM2.13, RM2.25

https://www.minichart.com.sg/2024/10/02/tomei-consolidated-holds-steady-with-promising-upside-potential/

https://www.minichart.com.sg/2024/10/02/ijm-corporation-faces-short-term-loss-but-retains-long-term-growth-prospects/

Technical Analysis
As of October 2, 2024, IJM Corporation’s stock has seen a decline, falling to RM2.920 from an entry price of RM3.210. This has led to the stock being removed from the actively managed portfolio after it reached the stop-loss level, resulting in a notable short-term loss.

Stock Position

Entry Price: RM3.210
Current Price: RM2.920
Stop Loss: RM2.920
Target Price: RM3.40, RM3.62 (no longer applicable as the position is closed)

https://www.minichart.com.sg/2024/09/30/berjaya-food-technical-breakout-signals-35-4-upside-potential/

1. Target Prices
Berjaya Food has been assigned two upside target prices: RM0.495 and RM0.535. These targets represent a potential return of up to 35.4%, indicating strong growth prospects from the current price of RM0.385.

2. Timeframe
The expected timeframe for achieving these target prices is two weeks to two months, making this stock an attractive short-term investment opportunity. Thank you

https://www.minichart.com.sg/2024/09/30/rhb-bank-upgraded-to-buy-amid-strong-profit-growth-and-improved-asset-quality/

Pre-Provision Operating Profit: RHB Bank has demonstrated a strong trend in pre-provision operating profit, contributing to the upgrade in the stock’s rating.
Improving Asset Quality: RHB Bank’s asset quality has shown improvement, which supports the positive outlook for the bank’s future performance.

Thank you

https://www.minichart.com.sg/2024/09/30/gamuda-secures-major-wind-farm-project-strengthening-global-expansion-strategy/

Gamuda recently secured a significant win with the DTI (Department of Transport and Infrastructure) for a wind farm project in Australia. This project, valued at approximately RM702 million, marks a key diversification move for the company as it expands beyond its core rail-based projects in New South Wales (NSW).

The wind farm project helps Gamuda move closer to achieving its target of RM30 billion to RM35 billion in orderbook by the end of CY24F (Calendar Year 2024 Forecast). The company has a longer-term goal of reaching an orderbook of RM40 billion to RM45 billion by the end of CY25F.

Thank you

Sapura Energy’s Core Profit Surges Amid Reduced Downside Risk, Upgraded to BUY

For the first half of FY25, Sapura Energy reported a core profit that exceeded market expectations. This positive performance came despite ongoing execution risks. The company’s strong financial results were driven by improved operational efficiency and cost management, signaling a recovery phase following previous challenges.

https://www.minichart.com.sg/2024/09/26/sapura-energys-core-profit-surges-amid-reduced-downside-risk-upgraded-to-buy/

Thank you

FY24 Financial Performance
For 4QFY24, Gamuda reported impressive earnings growth, although it slightly missed market expectations. The company remains on track to deliver even better growth in FY25, thanks to strong order book visibility. Despite the slight underperformance, the company’s fundamentals and future prospects remain strong, driven by ongoing projects and an expanding pipeline.

Strong Order Book
Gamuda has a solid order book that provides strong visibility into its future growth. The company’s order book is expected to support earnings growth in FY25 and beyond. As of the report date, Gamuda has secured projects that are expected to contribute to sustained revenue generation and profitability. This positions the company to capitalize on ongoing and upcoming infrastructure developments in Malaysia and the region.

https://www.minichart.com.sg/2024/09/26/gamudas-strong-orderbook-fuels-optimistic-growth-outlook-for-fy25/

Thank you

Scientex: Strong Property Sales Drive Record Earnings Amid Packaging Resilience.

https://www.minichart.com.sg/2024/09/24/scientex-strong-property-sales-drive-record-earnings-amid-packaging-resilience/

Thank you

VS Industry reported strong results for FY24, with core net profit surpassing expectations, exceeding both UOB Kay Hian’s and consensus forecasts by 20% and 21%, respectively.

https://www.minichart.com.sg/2024/09/24/vs-industry-strong-fy24-performance-with-trade-diversion-opportunities-driving-growth/


Thank you

Genetec Technology Bhd: Pioneering Malaysia’s Battery Energy Storage Solutions for a Greener Future
https://www.minichart.com.sg/2024/09/24/genetec-technology-bhd-pioneering-malaysias-battery-energy-storage-solutions-for-a-greener-future/

Heineken Malaysia: Agile Leadership Amidst Market Shifts and ESG Advancements
https://www.minichart.com.sg/2024/09/24/heineken-malaysia-agile-leadership-amidst-market-shifts-and-esg-advancements/

For FY24-26, Suncon’s revenue is expected to grow, fueled by strong demand for DC construction. The company’s EBITDA for FY24F is projected at RM304 million, increasing to RM498 million in FY25F. Net profit for FY25F is expected to reach RM322.6 million, a significant increase from RM190.9 million in FY24F.

https://www.minichart.com.sg/2024/09/24/sunway-construction-group-bhd-powering-growth-through-data-centers-and-diversification/

IJM Corporation Breaks Out of Falling Wedge, Signaling Bullish Momentum: https://www.minichart.com.sg/2024/09/23/ijm-corporation-breaks-out-of-falling-wedge-signaling-bullish-momentum/

Karex Berhad: https://www.minichart.com.sg/2024/09/23/karex-poised-for-breakout-as-bullish-momentum-builds/