Affin Hwang Investment Bank Daily Insight
📆 Wednesday, 24 July 2024

Top Call
🌐 Click LOGIN to view the full report

Other Calls

1.) Result Note – Axis REIT (HOLD, initiation)
- 6M24 DPU grew by 11% yoy

2.) Retail Research - Chart Trek
- Tomei Consolidated Bhd (Technical BUY)
- Poh Kong Holdings Bhd (Technical BUY)

3.) Morning News and Market Summary
- IOI Properties acquires Tropicana Gardens Mall for RM680m

🌐 Click LOGIN view the full report

#AffinHwangIBDailyBoost #Bursa #AffinHwang #eInvest

For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

Overnight Global Futures Lead
📆 25 Jul 2024
Commentary
(1) FKLI
Following a small respite in the previous session, investors on the FKLI are once again in the selling mood. Nonetheless, the market recovery was accompanied by the publication of Malaysia's June inflation data, which indicated that the country's consumer price growth was steady at 2% over the previous month.

(2) U.S. Stock Index Futures
Both the Nasdaq and the S&P 500 finished the week at multi-week lows. The S&P broke one of its longest runs without a daily loss of more than 2% as investors lost faith in megacap companies due to poor reports from Tesla and Alphabet.

(3) FCPO
The prospect of stronger output in the upcoming week put pressure on FCPO, which continued to close lower on Wednesday. The output on the southern peninsula of Malaysia increased 17.8% in the previous month, according to SPPOMA, which led the market to expect higher production this month.

(4) COMEX Gold
As investors shifted their attention to U.S. economic data that is scheduled for release this week in search of new clues regarding the timing of the central bank's interest rate decreases, gold prices increased on Wednesday while the dollar declined.

(5) Crude Oil
Despite sitting around their lowest point in six weeks, oil prices managed to rise on Wednesday thanks to significant drops in U.S. crude and fuel inventories and worries about weakening global demand.

#AffinHwangIBDailyBoost #Futures #AffinHwang #eInvest

Affin Hwang Investment Bank Daily Insight
📆 Thursday, 25 July 2024

Top Call
🌐 Click LOGIN to view the full report

Other Calls

1.) Result Note – British American Tobacco (SELL, maintain)
- 2Q24 earnings disappointed

2.) Economy Update – Malaysia Economy – CPI
- Inflation remained stable at 2.0% yoy in June

3.) Retail Research – ChartTrek
- Hup Seng Industries Bhd (Technical BUY)
- Cloudpoint Technology Bhd (Technical BUY)

4.) Morning News and Market Summary
- AME Elite to dispose RM119.5m investment properties to AME REIT
- NationGate proposes 10% private placement
- Sime Darby expands Porsche assembly facility in Kulim

🌐 Click LOGIN view the full report

#AffinHwangIBDailyBoost #Bursa #AffinHwang #eInvest

For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

Overnight Global Futures Lead
📆 26 Jul 2024
Commentary
(1) FKLI
FKLI suffered a slight retreat to close low, driven by Wall Street's negative overnight performance that permeated local markets. Furthermore, the weakness primarily coincided with the poor performance in all regional markets.

(2) U.S. Stock Index Futures
As investors struggled with the expected trajectory of megacaps, the S&P 500 and Nasdaq Composite concluded a volatile day on Thursday down, unable to reclaim ground lost in the tech-triggered sell-off of the day before.

(3) FCPO
Thursday marked the third day in a row that FCPO closed lower, matching declines in the CBOT soybean oil market and lower prices for Dalian palm olein. However, the prospect of increased demand, which would be able to absorb the trend of increasing output, was containing the downside pressure.

(4) COMEX Gold
Thursday saw the lowest price of gold in more than two weeks as traders awaited U.S. economic data that may provide additional hints on when the central bank will lower interest rates. This was due to profit-taking following gold's recent surge.

(5) Crude Oil
Following reductions in US stockpiles the previous session, increases in oil prices were offset on Thursday by worries about poor demand in China, the world's largest crude importer, and anticipation of a coming ceasefire accord in the Middle East.

#AffinHwangIBDailyBoost #Futures #AffinHwang #eInvest

Affin Hwang Investment Bank Daily Insight
📆 Friday, 26 July 2024

Top Call
🌐 Click LOGIN to view the full report

Other Calls

1.) Result Note – IGB REIT (HOLD, maintain)
- Seasonally weaker earnings, within expectations

2.) Result Note – KIP REIT (HOLD, maintain)
- A great end of the year – FY24 DPU grew by 7% yoy

3.) Result Note – Nestlé (Malaysia) (SELL, downgrade)
- Higher raw material prices kicked in; downgrade to Sell

4.) Retail Research – ChartTrek
- MN Holdings Bhd (Technical BUY)
- AirAsia X Bhd (Technical BUY)

5.) Morning News and Market Summary

🌐 Click LOGIN view the full report

#AffinHwangIBDailyBoost #Bursa #AffinHwang #eInvest

For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.