Posted by Good123 > 2023-09-17 18:59 | Report Abuse

KUALA LUMPUR (Sept 15): Bursa Malaysia bounced to close at its intra-day high on Friday as China’s better-than-expected latest economic data lifted regional sentiment.

Posted by Good123 > 2023-09-18 21:04 | Report Abuse

Related esg project, let wait4picorp2get one :)

KUALA LUMPUR (Sept 18): Citaglobal Bhd has entered into a memorandum of understanding (MOU) with China government-linked Shanghai SUS Environment Co Ltd (SUS), with a RM15 billion investment commitment from SUS for joint collaboration and development of waste-to-energy (WTE) projects in Malaysia.

This confirmed a report by The Edge weekly in its latest edition that Citaglobal was expected to sign a new MOU for WTE venture as its management strives to expand the group further.

The MOU’s purpose was to formalise the intention of both parties to explore potential collaboration and assess the feasibility of developing WTE power plants primarily in Malaysia, according to Citaglobal’s stock exchange disclosure on Monday.

Citaglobal said the plan is to divert all waste from unsustainable landfills to WTE plants and holistically resolve waste disposal problems in Malaysia.

The group said this collaboration, if it materialises, will be in line with boosting Malaysia’s renewable energy capacity target from 40% in 2035 to 70% by 2050, as announced in the National Energy Transition Roadmap in July 2023.

Following the execution of this MOU, which is effectively immediately, Citaglobal said it will assume a leading role in the project development of the proposed WTE projects in Malaysia, while SUS will be responsible for financing, building and operating these plants.

SUS is an urban solid waste treatment group incorporated in China, which tops the list of world’s largest environment polluters.

The signing ceremony was held during the 20th China-Asean Expo and China-Asean Business and Investment Summit in Nanning, China, witnessed by leaderships of both parties as well as several members of Malaysian Cabinet, including Prime Minister Datuk Seri Anwar Ibrahim, Minister of Investment, Trade and Industry Malaysia Tengku Datuk Seri Zafrul Abdul Aziz, Minister of Local Government Development Nga Kor Ming and Deputy Minister of Agriculture and Food Security Chan Foong Hin.

Citaglobal disclosed that SUS is a government linked enterprise incorporated in China, with “extensive” experience in urban solid waste treatment, eco-industrial park construction, WTE engineering, procurement, construction, operations and maintenance, agricultural and forestry waste treatment and other fields.

“Together with its Japanese partner, global clean technology giant Hitachi Zosen Corporation, SUS has delivered more than 1,400 WTE plants globally,” said Citaglobal.

Citaglobal’s executive chairman and president Tan Sri Mohamad Norza Zakaria said waste management is crucial for the country as most cities are running out of landfill sites.

“WTE systems not only provide a high value source of renewable energy, but more importantly, its ability to convert waste into ash can significantly reduce the volume of waste that ends up in landfills,” he said.

“We see the development of WTE systems as an overall win-win situation for Malaysia. Besides complementing fossil fuel-based power sources, WTE systems generate renewable energy, reduce landfill requirements, and produce revenue for local municipalities and governments,” said Norza.

Meanwhile, SUS CEO Cindy Li Haiyan said with the company’s track record, it is confident in delivering a “modern, clean and efficient” WTE plant for Malaysians.

“In Malaysia, 38,000 tonnes of solid waste are collected daily and dumped at landfills that occupy 150 acres of land yearly. The Malaysian government has acknowledged this pressing need and has been planning on implementing one WTE plant in every state,” she said.

Citaglobal’s shares were trading one sen or 0.7% higher at RM1.45 at market break, giving it a market capitalisation of RM605.51 million.

Posted by Good123 > 2023-09-18 21:56 | Report Abuse

Keep some ESG related stocks macam picorp... macam property stocks, bila giliran tiba, terbang laju

https://www.nst.com.my/business/esg/2023/09/956544/malaysia-great-solar

Posted by Good123 > 2023-09-19 07:19 | Report Abuse

It will be picorp's turn anymore. Focus on ESG globally

KUALA LUMPUR: Foreign investors on Bursa Malaysia snapped three weeks of net selling to to become net purchasers of local equities to the tune of RM23.1mil.

MIDF Research said in its fund flow report offshore funds had started the week with net outflows, but changed gears to become net buyers of Malaysian equities from Wednesday to Friday.

Posted by Good123 > 2023-09-19 08:15 | Report Abuse

Tunggu M&As by this new chairman since May 2023.


Save Print Back

7201 PICORP PROGRESSIVE IMPACT CORPORATION
Change in Boardroom
Date of Change: 30/05/2023
Type of Change: Appointment
Designation: Chairman
Directorate: Ind & N/Exec
Name: SYED HISHAM BIN SYED WAZIR
Age: 68
Country:
Nationality: Malaysia
Qualifications:
Working Experience and Occupation:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Directorship of public companies (if any):
1. MSM Malaysia Holdings Berhad2. Bermaz Auto Berhad
Family relationship with any director and/or major shareholder of the listed issuer:
Nil
Details of any interest in the securities of the listed issuer or its subsidiaries:
Nil
Remarks:
Datuk Syed Hisham bin Syed Wazir's appointment took effect upon the
conclusion of the 31st Annual General Meeting held on 30 May 2023.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

30/05/2023 07:00 AM


Ref Code: 202305303300817

Posted by Good123 > 2023-09-19 08:18 | Report Abuse

The second largest shareholder, bank of Singapore didn't ask for a replacement with another Singaporean means something is boiling , etc. Just be patient

7201 PICORP PROGRESSIVE IMPACT CORPORATION
Change in Audit Committee
Date of Change: 30/05/2023
Type of Change: Retirement
Designation: Others
Directorate: Ind & N/Exec
Name: LEE WENG CHONG
Age: 65
Country:
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
Directorship of public companies (if any):
Family relationship with any director and/or major shareholder of the listed issuer:
Details of any interest in the securities of the listed issuer or its subsidiaries:
Composition of Audit Committee After Change:
Dato' Hajjah Rosnani Binti Ibarahim - Chairperson (Independent
Non-Executive Director)Zaidah Binti Mohd Salleh - Member (Non-Independent
Non-Executive Director)Kamarul Baharin Bin Albakri - Member (Independent
Non-Executive Director)
Remarks:
Mr Lee Weng Chong's retirement took effect upon the conclusion of the 31st
Annual General Meeting held on 30 May 2023.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

30/05/2023 07:00 AM


Ref Code: 202305305000829

Posted by Good123 > 2023-09-19 08:20 | Report Abuse

TOP 10 Investors (As of Latest Filing)
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE
Zaiyadal Keluarga Sdn. Bhd. 46.18 303.89 -6.05 6.55 22-Mar-2023 Other Substantial/Declarable
Bank of Singapore Limited 8.21 54.00 0.00 1.16 22-Mar-2023 Other Substantial/Declarable
Zaid bin Abdullah 6.82 44.88 -3.50 0.97 22-Mar-2023 Malaysia Insider
Kal-Yadaiin Sdn. Bhd. 4.38 28.81 0.00 0.62 22-Mar-2023 Other Substantial/Declarable
Zaidah binti Mohd Salleh 1.33 8.77 0.00 0.19 22-Mar-2023 Malaysia Insider
Ab Ghaus bin Ismail 0.92 6.08 0.00 0.13 22-Mar-2023 Other Substantial/Declarable
Abdul Aziz bin Nik Sulaiman 0.66 4.32 0.00 0.09 22-Mar-2023 Other Substantial/Declarable
Yue (Guan Sheng) 0.61 4.00 4.00 0.09 22-Mar-2023 Other Substantial/Declarable
IVT 0.54 3.56 3.56 0.08 22-Mar-2023 Other Substantial/Declarable
Lee (Hong Peng) 0.45 2.99 2.99

Posted by Good123 > 2023-09-19 08:22 | Report Abuse

https://www.bankofsingapore.com/homepage.html

Posted by Good123 > 2023-09-19 08:26 | Report Abuse

8%++ stake from bank of Singapore to be cashed out at high price plus 10% private placement to a Saudi Prince or a big tycoon from Indonesia, apa2 pun boleh jadi :)

Posted by Good123 > 2023-09-19 08:27 | Report Abuse

Feb 2023 this year touched 35sen, any good news would return to 35sen or even higher, precedence dah wujud tahun ni

Posted by Good123 > 2023-09-19 08:42 | Report Abuse

Uems from 20sen+ -> 80sen++ now.

Better go for picorp yg belum melantun lagi :)

Posted by Good123 > 2023-09-19 08:45 | Report Abuse

More ESG related projects to come

Beijing-linked Shanghai SUS Environment Co commits RM15 billion for a waste-to-energy partnership with Citaglobal.

Posted by Good123 > 2023-09-19 08:47 | Report Abuse

More opportunities for picorp in Saudi as more ESG stuff emphasised, etc

https://www.arabnews.com/node/2375916/business-economy

Posted by Good123 > 2023-09-19 09:47 | Report Abuse

tunggu ia balik level sebelum pandemik dulu... bergilir-gilir ....

Summary from 06/01/2009 to 01/06/2021
Highest Price 0.4600 First Occurred on 21/01/2009
Lowest Price 0.1300 First Occurred on 12/06/2013
Highest Volume 10.000m First Occurred on 15/01/2009

Posted by Good123 > 2023-09-19 09:48 | Report Abuse

isu behavioral finance/gelagat kewangan, bertenang saja ya!

History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
01/06/2021 00:00:00 0.2150 0.0250 500,000 500,000 107,500 107,500 0.2150 0.0760 -

Posted by Good123 > 2023-09-19 11:38 | Report Abuse

picorp started flying... 8sen cleared, r u ready?????

Posted by Good123 > 2023-09-19 11:39 | Report Abuse

8-8.5sen, vol surged passed 2mil shares++

Posted by Good123 > 2023-09-19 11:43 | Report Abuse

Malacca Securities Research said in a note it expects traders to focus on the National Energy Transition Roadmap and New Industrial Master Plan blueprints, while it expects the construction sector to rebound amid the potential rally ahead of the budget next month.

Posted by Good123 > 2023-09-19 11:46 | Report Abuse

at RM50mil++ based on 8sen, picorp, a good target for M&As... if anak2 take pandai biz macam oversea enterprise bhd, better to let go.... especially ESG related services are very hot now

Posted by Good123 > 2023-09-19 11:46 | Report Abuse

buy rate 96% now.... more to come... just bertenang je

Posted by Good123 > 2023-09-19 11:52 | Report Abuse

probably acquirer is instructed to sapu from the open market till certain % before MGO berlaku baru largest shareholders let go to the acquirer... just enjoy the show

Posted by Good123 > 2023-09-19 11:54 | Report Abuse

The upside trend is unlimited, downtrend risk is low... add more... :)

Posted by Good123 > 2023-09-19 12:13 | Report Abuse

The launch of “Mobilising Investments for Clean Energy in Malaysia: Community Report” is an important milestone not only for sovereign fund Khazanah Nasional Bhd’s framework for its own investment strategies, given its significance across the government-linked investment company (GLIC)/government-linked company (GLC) sphere, but also serves as a guide for others as well.

Posted by Good123 > 2023-09-19 12:13 | Report Abuse

https://www.klsescreener.com/v2/news/view/1204419

Posted by Good123 > 2023-09-19 13:16 | Report Abuse

https://www.malaymail.com/news/what-you-think/2023/09/18/esg-part2-bnm-and-bursa-must-act-now-to-reverse-the-damage-tengku-ngah-putra/91466

Posted by Good123 > 2023-09-19 15:31 | Report Abuse

Stock up. Memecut dengan laju anytime :)

Posted by Good123 > 2023-09-19 15:33 | Report Abuse

8sen -> 10sen & higher, expecting sudden jump anytime

Posted by Good123 > 2023-09-19 16:48 | Report Abuse

Ah long pun mau acquire a stake as big as bank of Singapore kot? :)

Posted by Good123 > 2023-09-19 16:51 | Report Abuse

35sen -> 6sen -> 8sen -> 35sen or higher :)

Posted by Ravicristal > 2023-09-19 17:24 | Report Abuse

😥 blh cecak 9cts kah

Posted by Ravicristal > 2023-09-19 17:26 | Report Abuse

Volume rendah bro...

Posted by Good123 > 2023-09-19 20:14 | Report Abuse

Time for ESG related stocks to fly, just be positive ;)

https://www.thestar.com.my/business/business-news/2023/09/19/siemens-and-progressture-solar-join-forces-to-support-malaysia039s-shift-to-green-energy

Posted by Good123 > 2023-09-19 20:51 | Report Abuse

The same could happen tk picorp... tetap yakin :)

KUALA LUMPUR (Sept 19): Cypark Resources Bhd has reported the emergence of a new substantial shareholder, Chung Dao, with a 5.5% stake or 42.97 million shares after acquiring 40 million shares on Sept 14.

The acquisition happened on the same day Chung Chee Yang ceased to be a substantial shareholder following the disposal of 40 million shares, leaving him with 37.43 million shares or a 4.77% stake in the renewable energy and solid waste management company.

Based on the closing price of 79.5 sen that day, the transaction would be worth some RM31.8 million.

Prior to this, Chee Yang had once transferred 2.77 million shares to Chung Dao in June this year, according to Cypark’s stock exchange filings.

The stock has embarked on a steep climb since Chee Yang’s disposal, rallying 19.5% over the past three trading days.

Cypark’s shares closed 3.5 sen or 3.8% higher at 95 sen on Tuesday, giving the company a market capitalisation of RM746.63 million.

Read also:
Chung Chee Yang ceases to be substantial shareholder in Cypark, Perkeso raises stake
Cypark among top actives on Bursa as trading volume swells to five-month high

Posted by Good123 > 2023-09-20 08:12 | Report Abuse

8sen->10sen & higher, just be calm. :)

Posted by Good123 > 2023-09-20 08:48 | Report Abuse

Boom time gor ESG related stocks like picorp



Bursa said the MoU is a significant milestone in enhancing regional cooperation and advancing sustainability in Asean.

KUALA LUMPUR: Bursa Malaysia Bhd has inked a memorandum of understanding (MoU) with the stock exchanges of Indonesia and Thailand to explore an inter-regional environmental, social and governance (ESG)-linked ecosystem to drive business value creation and sustainable development in Asean.

In a statement, stock exchange operator said the MoU is a significant milestone in enhancing regional cooperation and advancing sustainability in Asean.

“It also signifies a commitment to greening supply chains, while recognising the potential to optimise the interconnectedness and comparability of ESG data within the region,” it said.

The collaboration with the Indonesia Stock Exchange and the Stock Exchange of Thailand would spur the adoption of good ESG practices and drive responsible growth in their respective markets, while offering cross-border opportunities related to ESG investments across the three markets.According to the statements, the three exchanges will explore initiatives including identifying critical components of the ESG infrastructure to support companies in pursuing decarbonisation and sustainability across their supply chains.

The partnership will also establish a “sandbox” environment designed to facilitate trade and create new business opportunities for corporations and their supply chains, including small and medium enterprises.In addition, it will leverage expertise in ESG practices through workshops, training sessions and knowledge-sharing programmes to support enhancement of the ESG ecosystem.

“Through this partnership, we aim to enhance cross-border cooperation and seize opportunities to harmonise ESG measures and ESG infrastructure that promotes sustainable business practices in Asean.

“The MoU establishes the groundwork for similar collaborations with other interested exchanges in Asia and lays a solid foundation for engaging partners from the Global North as well,” said Bursa Malaysia CEO Datuk Muhamad Umar Swift.

Posted by Good123 > 2023-09-20 08:51 | Report Abuse

ESG (Environmental, Social, and Governance) and environmental testing and monitoring firms are interrelated for several reasons:

Compliance and Reporting: ESG standards and regulations often require companies to monitor and report on their environmental performance. Environmental testing and monitoring firms provide the expertise and services necessary for businesses to gather the data needed to comply with these standards.

Risk Management: Companies focused on ESG factors are concerned about environmental risks, such as pollution, climate change, and resource scarcity. Environmental testing helps identify and mitigate these risks, which is essential for effective ESG management.

Data for ESG Metrics: Environmental data collected through testing and monitoring activities can be used to calculate key ESG metrics related to environmental impact. For example, emissions data can be used to calculate a company's carbon footprint, a crucial ESG indicator.

Investor and Stakeholder Demands: Investors and stakeholders are increasingly interested in a company's ESG performance. Environmental testing and monitoring data can provide transparent and credible evidence of a company's commitment to sustainability, which can attract ESG-focused investors.

Continuous Improvement: ESG is not a one-time effort but a continuous process of improvement. Environmental testing and monitoring help companies track their progress over time and identify areas where they can make further environmental improvements.

Reputation Management: Companies that take ESG seriously often want to build a positive reputation as responsible and sustainable organizations. Demonstrating a commitment to rigorous environmental testing and monitoring can enhance their reputation in this regard.

In summary, ESG and environmental testing and monitoring are interconnected because ESG initiatives rely on accurate environmental data and compliance, which are provided by firms specializing in testing and monitoring services. This synergy helps companies align their sustainability goals with measurable actions and outcomes.

Posted by Good123 > 2023-09-20 08:54 | Report Abuse

The flourishing of lab testing businesses in the context of increasing emphasis on ESG (Environmental, Social, and Governance) can be attributed to several factors:

ESG Reporting Requirements: As companies prioritize ESG initiatives, there is a growing need to measure, report, and verify their environmental and social performance. This requires extensive data collection and analysis, often involving lab testing to assess environmental impact, product safety, and compliance with regulations.

Sustainable Product Development: Businesses are increasingly focused on developing sustainable products and processes. Lab testing is essential to assess the sustainability and safety of materials and technologies used in these products, ensuring they meet ESG standards.

Regulatory Compliance: Government regulations related to ESG practices are becoming more stringent. Lab testing helps companies demonstrate compliance with these regulations, avoiding penalties and reputational risks.

Investor and Stakeholder Demands: Investors and stakeholders are paying closer attention to ESG performance. Companies that can provide robust lab-tested data to support their ESG claims are more attractive to socially responsible investors and customers.

Risk Mitigation: ESG risks, such as environmental liabilities or product safety issues, can have a significant financial impact. Lab testing helps identify and mitigate these risks, protecting a company's bottom line and reputation.

Innovation and Product Differentiation: Lab testing enables companies to innovate and develop products with a lower environmental footprint, which can lead to a competitive advantage in the market as consumers become more conscious of ESG factors.

Third-Party Verification: Independent lab testing provides credibility and transparency to ESG claims. It allows companies to validate their sustainability efforts through unbiased assessments.

Supply Chain Management: Lab testing is vital in assessing the ESG performance of suppliers and ensuring that the entire supply chain adheres to sustainability and social responsibility standards.

In summary, the emphasis on ESG has driven the demand for lab testing services because they play a critical role in helping companies measure, verify, and improve their ESG performance, thereby supporting their sustainability goals and meeting the expectations of investors, regulators, and consumers.

Posted by Good123 > 2023-09-20 09:04 | Report Abuse

8sen now.
If weekly up even 1/2sen, within 1 month, return to 10sen++

Posted by Good123 > 2023-09-20 09:08 | Report Abuse

Chung, tolong datang ke picorp after cypark. ;)

PETALING JAYA: Cypark Resources Bhd has announced the emergence of a new substantial shareholder in Chung Dao, who has a 5.5% stake or 42.97 million shares after acquiring 40 million shares on Sept 14.

In a filing with Bursa Malaysia, the renewable energy and solid waste management company said the acquisition of the shares occurred the day Chung Chee Yang ceased to be a substantial shareholder after disposing of 40 million shares.

This left him with 37.43 million shares or a 4.77% stake in the company.

Posted by Good123 > 2023-09-20 09:11 | Report Abuse

PICORP transferred its listing status to the Main Board of Bursa in January 2008. PICORP's subsidiary companies are principally involved in the provision of environmental consulting, monitoring, monitoring equipment / systems integration, environmental data management services, laboratory testing services and wastewater treatment and solution.

The Group provides its services to various governmental bodies as well as to the private sectors which are involved in the oil and gas, energy, petrochemicals, food manufacturing, industrial and manufacturing, properties developers and construction sectors locally and internationally. Our group is a well-established participant in the Malaysian environmental market in the segment of instruments and monitoring systems and laboratory testing services, holding a market share of approximately 20%.

589
No. of Employee

Operations
7 cities in 3 countries

Posted by Good123 > 2023-09-20 09:31 | Report Abuse

Progressive Impact Corporation Berhad is in the industry of: Energy, Utilities & Waste Treatment General, Energy, Utilities & Waste Treatment

Posted by Good123 > 2023-09-20 09:39 | Report Abuse

https://theedgemalaysia.com/node/682928


Sept 18): With the final quarter of 2023 approaching, one winning strategy in emerging markets is becoming clearer: buying shares in smaller companies.

Posted by Good123 > 2023-09-20 10:27 | Report Abuse

Creating an ESG (Environmental, Social, and Governance) report in Malaysia involves gathering data and information on various sustainability aspects. Here's an outline of what you might include:

Introduction: Provide an overview of the manufacturing industry in Malaysia and the importance of ESG considerations.

Environmental Performance:

Energy consumption and efficiency.
Water usage and conservation efforts.
Waste management and recycling initiatives.
Carbon emissions and reduction strategies.
Compliance with environmental regulations.
Social Impact:

Employee health and safety programs.
Diversity and inclusion efforts.
Labor practices and adherence to labor laws.
Community engagement and corporate social responsibility (CSR) initiatives.
Human rights considerations.
Governance:

Board composition and diversity.
Executive compensation and transparency.
Anti-corruption policies and practices.
Compliance with corporate governance standards.
Risk management and ethical business conduct.
Key Performance Indicators (KPIs):

Present quantitative data on ESG performance using relevant KPIs. For example, reduction in greenhouse gas emissions, employee turnover rates, or diversity metrics.
Sustainability Initiatives:

Describe ongoing and planned sustainability projects and initiatives.
Explain how these initiatives align with broader ESG goals.
Stakeholder Engagement:

Discuss how the company engages with stakeholders, including investors, customers, employees, and local communities, on ESG matters.
Risks and Opportunities:

Identify ESG-related risks that may impact the manufacturing industry in Malaysia.
Highlight potential opportunities for innovation and growth through sustainable practices.
Reporting Framework:

Mention the ESG reporting framework or standards followed, such as GRI (Global Reporting Initiative) or SASB (Sustainability Accounting Standards Board).
Future Goals:

Outline the company's ESG objectives and targets for the near and long term.
Case Studies:

Include specific examples or case studies that demonstrate the company's commitment to ESG principles.
Conclusion:

Summarize key takeaways and emphasize the company's dedication to ESG principles.
Remember to ensure that the data presented is accurate and verifiable, and consider seeking assistance from sustainability experts or consultants to create a comprehensive ESG report tailored to your manufacturing company in Malaysia.

Posted by Good123 > 2023-09-20 11:04 | Report Abuse

Picorp, 5% x 658mil shares ~33mil shares

Cypark Resources Bhd has reported the emergence of a new substantial shareholder, Chung Dao, with a 5.5% stake.

Posted by Good123 > 2023-09-20 11:06 | Report Abuse

Picorp 5% stake at 8sen, 33mil shares~ RM2.5juta je :)

Posted by Good123 > 2023-09-20 12:53 | Report Abuse

33mil shares~5% stake, at 8sen only 600K shares+ willing to let go by cash desperate retailers, too far away from the required quantity :)

Posted by Good123 > 2023-09-20 14:31 | Report Abuse

8sen to 10sen, total shares offered for sale in the open market hanya 7mil shares ++, too far away from 33 mil shares for a 5% stake

Posted by Good123 > 2023-09-20 16:41 | Report Abuse

~1% of total shares issued only from 8sen to 10sen for those shares offered for sale in the open market..

Bila UP, pasti gila

Posted by Good123 > 2023-09-20 16:48 | Report Abuse

NTA= harga semasa =8sen... undervalue .... goodwill safari haha

Posted by Good123 > 2023-09-20 19:12 | Report Abuse

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said on the domestic front, today's selldown is a good opportunity to bargain hunt stocks at lower level.

The firm is cautiously optimistic on the market outlook given the return of foreign funds and strong support from local institutions.

Hence, he believes that the benchmark index will stage a rebound in the near term.