This media is not supported in your browser
VIEW IN TELEGRAM
Maybank IBG Traders’ Almanac
(1 Nov 2023) - Buying Interest Gains Traction in Mid-cap Stocks
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(1 Nov 2023) - Buying Interest Gains Traction in Mid-cap Stocks
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Hong Kong -Dim Sum Daily (1 Nov 2023)
1️⃣ Hong Kong stocks fell yesterday on weaker-than-expected PMI data. The Hang Seng Index was down 293pts to 17,112pts with a daily turnover of HKD84.7b.
2️⃣ China’s Oct official PMI came in at 49.5, missed consensus forecast of 50.2 and below 50-point mark that separates expansion from contraction.
3️⃣ Today, watch for China Oct Caixin Manufacturing PMI data to see whether it can beat consensus forecast of 50.8 and stay above 50-point mark.
Note:
1. “TP” and “Buys” are that of consensus estimates.
2. “Not Rated” refers to stocks that are not covered by Maybank Investment Banking Group’s analysts.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
1️⃣ Hong Kong stocks fell yesterday on weaker-than-expected PMI data. The Hang Seng Index was down 293pts to 17,112pts with a daily turnover of HKD84.7b.
2️⃣ China’s Oct official PMI came in at 49.5, missed consensus forecast of 50.2 and below 50-point mark that separates expansion from contraction.
3️⃣ Today, watch for China Oct Caixin Manufacturing PMI data to see whether it can beat consensus forecast of 50.8 and stay above 50-point mark.
Note:
1. “TP” and “Buys” are that of consensus estimates.
2. “Not Rated” refers to stocks that are not covered by Maybank Investment Banking Group’s analysts.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
Bursa Malaysia Midday Recap: Blue Chips
The FBM KLCI continued to hover around the 1440 region as news outlets suggested that local market interest was muted today. Trade volume was lower compared to yesterday but traded value ended higher, suggesting that blue-chips could be the main focus today. Another reason for today’s slow market may also be attributed to the upcoming FOMC meeting tonight.
At midday, our local index fell to 1438.73 (-3.41 pts, -0.24%) from yesterday’s close. Market breadth is negative with 237 gainers, 483 laggards and 397 unchanged stock tickers. Compared to yesterday, trade volume fell to 1.502 bil units (-6.5%) while trade value gained to MYR 757 mil (+8.3%).
Dividend yielding stocks could be an attractive alternative during slower markets. For investors looking into such stocks may want to consider MISC (3816). Our analysts upgraded this stock to a buy, citing an attractive dividend yield of 5.1%-5.5% for an investible, stable blue-chip name, among other reasons.
#Middayrecap
The FBM KLCI continued to hover around the 1440 region as news outlets suggested that local market interest was muted today. Trade volume was lower compared to yesterday but traded value ended higher, suggesting that blue-chips could be the main focus today. Another reason for today’s slow market may also be attributed to the upcoming FOMC meeting tonight.
At midday, our local index fell to 1438.73 (-3.41 pts, -0.24%) from yesterday’s close. Market breadth is negative with 237 gainers, 483 laggards and 397 unchanged stock tickers. Compared to yesterday, trade volume fell to 1.502 bil units (-6.5%) while trade value gained to MYR 757 mil (+8.3%).
Dividend yielding stocks could be an attractive alternative during slower markets. For investors looking into such stocks may want to consider MISC (3816). Our analysts upgraded this stock to a buy, citing an attractive dividend yield of 5.1%-5.5% for an investible, stable blue-chip name, among other reasons.
#Middayrecap
Powerhouse YTL Power Grabs Nearly 20% of Ranhill
Based on a Bursa filing yesterday, YTL Power International (YTLPOWR) has acquired an 18.87% stake in Ranhill Utilities (RANHILL) by purchasing 243.33 million shares.
TheEdge reported that this strategic move was valued at around MYR141.13 to MYR144.78 million based on the trading range of RANHILL in the morning session of MYR 0.58 to MYR 0.595.
Based on RANHILL’s 2022 annual report, it supplies clean water to 4 million consumers in Johor and provides electricity to 1.2 million Sabahans.
In the annual report, it was stated that RANHILL is Johor state’s sole water operator and the largest independent power producer in Sabah.
Bullish investors may consider Maybank IB issued YTLPOWR-C29 which is a responsive YTLPOWR Call Warrant with 2.1 ticks or YTLPOWR-C40 for more leverage with a higher effective gearing of 3.3x!
#WarrantsWatch
Based on a Bursa filing yesterday, YTL Power International (YTLPOWR) has acquired an 18.87% stake in Ranhill Utilities (RANHILL) by purchasing 243.33 million shares.
TheEdge reported that this strategic move was valued at around MYR141.13 to MYR144.78 million based on the trading range of RANHILL in the morning session of MYR 0.58 to MYR 0.595.
Based on RANHILL’s 2022 annual report, it supplies clean water to 4 million consumers in Johor and provides electricity to 1.2 million Sabahans.
In the annual report, it was stated that RANHILL is Johor state’s sole water operator and the largest independent power producer in Sabah.
Bullish investors may consider Maybank IB issued YTLPOWR-C29 which is a responsive YTLPOWR Call Warrant with 2.1 ticks or YTLPOWR-C40 for more leverage with a higher effective gearing of 3.3x!
#WarrantsWatch
Maybank IBG Traders’ Almanac
(2 Nov 2023) - Intensifying Selling Pressure in Industrial, Energy and Technology Stocks
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
1️⃣ WCE HOLDINGS - 3565
2️⃣ AME ELITE CONSORTIUM - 5293 (S)
3️⃣ GLOMAC – 5020 (S)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(2 Nov 2023) - Intensifying Selling Pressure in Industrial, Energy and Technology Stocks
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
1️⃣ WCE HOLDINGS - 3565
2️⃣ AME ELITE CONSORTIUM - 5293 (S)
3️⃣ GLOMAC – 5020 (S)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Kopi-O (2 November 2023)
Expect the KLCI to stage a rebound, tracking overnight gains on Wall Street after the Federal Reserve held interest rates unchanged. All eyes are now on BNM’s MPC meeting later today. Energy stocks, however, may come under pressure after oil futures declined. Technically, we expect the benchmark index to range between 1,425pts and 1,445pts today, with supports at 1,410pts and 1,395pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now
Stay Ahead, Trade Smart
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
Expect the KLCI to stage a rebound, tracking overnight gains on Wall Street after the Federal Reserve held interest rates unchanged. All eyes are now on BNM’s MPC meeting later today. Energy stocks, however, may come under pressure after oil futures declined. Technically, we expect the benchmark index to range between 1,425pts and 1,445pts today, with supports at 1,410pts and 1,395pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now
Stay Ahead, Trade Smart
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
Media is too big
VIEW IN TELEGRAM
Maybank IBG Traders’ Almanac
(2 Nov 2023) - Intensifying Selling Pressure in Industrial, Energy and Technology Stocks
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(2 Nov 2023) - Intensifying Selling Pressure in Industrial, Energy and Technology Stocks
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Hong Kong -Dim Sum Daily (2 Nov 2023)
1️⃣ Yesterday, Hong Kong stocks lacked direction after China's Oct Caixin and NBS Manufacturing PMI fell below 50-mark. The Hang Seng Index was down 10pts to 17,101pts with a thin daily turnover of HKD67.9b.
2️⃣ Market eyes on whether Beijing will launch further stimulus policies to boost the economy and the efficiency.
3️⃣ Haidilao (6862 HK) slumped after the company announced that they will acquire a hotel business in Japan.
Note:
1. “TP” and “Buys” are that of consensus estimates.
2. “Not Rated” refers to stocks that are not covered by Maybank Investment Banking Group’s analysts.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
1️⃣ Yesterday, Hong Kong stocks lacked direction after China's Oct Caixin and NBS Manufacturing PMI fell below 50-mark. The Hang Seng Index was down 10pts to 17,101pts with a thin daily turnover of HKD67.9b.
2️⃣ Market eyes on whether Beijing will launch further stimulus policies to boost the economy and the efficiency.
3️⃣ Haidilao (6862 HK) slumped after the company announced that they will acquire a hotel business in Japan.
Note:
1. “TP” and “Buys” are that of consensus estimates.
2. “Not Rated” refers to stocks that are not covered by Maybank Investment Banking Group’s analysts.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
YTL Power Shares Power Up to MYR2.32 on Ranhill Utilities Stake Acquisition
YTL Power (YTLPOWR) shares surged to an intraday high of MYR2.32 per share in Thursday's morning trade, driven by its acquisition of an 18.87% stake in Ranhill Utilities (RANHILL) which was announced yesterday.
YTD, YTLPOWR’s shares more than doubled from 70.6 sen on 3 Jan’23.
At the time of writing, the shares had risen 5.05% or 11 sen from its last closing price of MYR2.18 on Wednesday, boosting YTLPOWR market cap to MYR18.68 billion.
Maybank IB highlighted two YTLPOWR Call Warrant this morning with YTLPOWR-C29 (+7.3%) & YTLPOWR-C40 (+15.4%). Bullish investors may consider the two if they are seeking for leveraged exposure at a lower capital outlay!
#DailyHighlights
YTL Power (YTLPOWR) shares surged to an intraday high of MYR2.32 per share in Thursday's morning trade, driven by its acquisition of an 18.87% stake in Ranhill Utilities (RANHILL) which was announced yesterday.
YTD, YTLPOWR’s shares more than doubled from 70.6 sen on 3 Jan’23.
At the time of writing, the shares had risen 5.05% or 11 sen from its last closing price of MYR2.18 on Wednesday, boosting YTLPOWR market cap to MYR18.68 billion.
Maybank IB highlighted two YTLPOWR Call Warrant this morning with YTLPOWR-C29 (+7.3%) & YTLPOWR-C40 (+15.4%). Bullish investors may consider the two if they are seeking for leveraged exposure at a lower capital outlay!
#DailyHighlights
Bursa Malaysia Midday Recap: Sentiment Improves
The FBM KLCI index rebounded after a weak close yesterday as the FED rates remained unchanged. Local news outlets also reported that Bank Negara Malaysia is likely to keep rates unchanged today. The Utilities sector surged more than 3% after YTLPOWR acquired an 18.87% stake in RANHILL.
At midday, our local index gained to 1439.03 (+3.70 pts, +0.26%) from yesterday’s close. Market breadth is positive with 458 gainers, 307 laggards and 369 unchanged stock tickers. Compared to yesterday, both trade volume and value gained to 1.909 bil units (+27.1%) and MYR 1.013 bil (+33.8%), respectively.
The property sector had one of the highest B% at midday. Investors looking to trade the sector may want to check out GLOMAC (5020). The stock was featured in our Traders’ Almanac post today and is currently trading within our suggested buy range. For more info on the support and resistance levels, check out today’s video above.
#Middayrecap
The FBM KLCI index rebounded after a weak close yesterday as the FED rates remained unchanged. Local news outlets also reported that Bank Negara Malaysia is likely to keep rates unchanged today. The Utilities sector surged more than 3% after YTLPOWR acquired an 18.87% stake in RANHILL.
At midday, our local index gained to 1439.03 (+3.70 pts, +0.26%) from yesterday’s close. Market breadth is positive with 458 gainers, 307 laggards and 369 unchanged stock tickers. Compared to yesterday, both trade volume and value gained to 1.909 bil units (+27.1%) and MYR 1.013 bil (+33.8%), respectively.
The property sector had one of the highest B% at midday. Investors looking to trade the sector may want to check out GLOMAC (5020). The stock was featured in our Traders’ Almanac post today and is currently trading within our suggested buy range. For more info on the support and resistance levels, check out today’s video above.
#Middayrecap
Trade With Maybank
The United States FOMC and Malaysia BNM have important rate decisions coming up.
Domestically, market is hoping that BNM will step in to support the local currency as it lingers near the weakest level since 1998. What are your thoughts?
Domestically, market is hoping that BNM will step in to support the local currency as it lingers near the weakest level since 1998. What are your thoughts?
‼️ BREAKING: OPR MAINTAINED
BNM maintained Overnight Policy Rate (OPR) at 3.00%.
BNM maintained Overnight Policy Rate (OPR) at 3.00%.
Mitsui Pumps USD58 Million into Asia's Leading Data & AI Giant
TheEdge reported yesterday that Mitsui & Co Ltd is investing USD58 million in Axiata Digital & Analytics (ADA) through ADA's holding company, Axiata Digital Services (ADS) a subsidiary of Axiata Group (AXIATA).
This values ADA, Asia's largest independent data and AI company, at USD550 million and increases Mitsui's stake in ADA to an effective stake of 12.69%.
AXIATA's CEO sees this as a step towards long-term value creation and expanding in the digital business space.
AXIATA-C96 has the highest Theta in days among all AXIATA Call Warrant listed in the market now at 56 days. This means that AXIATA-C96 will reduce in one tick size only in every 56 days!
#DailyHighlights
TheEdge reported yesterday that Mitsui & Co Ltd is investing USD58 million in Axiata Digital & Analytics (ADA) through ADA's holding company, Axiata Digital Services (ADS) a subsidiary of Axiata Group (AXIATA).
This values ADA, Asia's largest independent data and AI company, at USD550 million and increases Mitsui's stake in ADA to an effective stake of 12.69%.
AXIATA's CEO sees this as a step towards long-term value creation and expanding in the digital business space.
AXIATA-C96 has the highest Theta in days among all AXIATA Call Warrant listed in the market now at 56 days. This means that AXIATA-C96 will reduce in one tick size only in every 56 days!
#DailyHighlights
Maybank IBG Traders’ Almanac
(3 Nov 2023) - Improving Domestic Sentiment
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
1️⃣ FOUNDPAC GROUP - 5277 (S)
2️⃣ INARI AMERTRON - 0166 (S)
3️⃣ TECHBOND GROUP – 5289 (S)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(3 Nov 2023) - Improving Domestic Sentiment
Technical Trading Ideas💡for today:
ACCUMULATE (TECHNICAL)
1️⃣ FOUNDPAC GROUP - 5277 (S)
2️⃣ INARI AMERTRON - 0166 (S)
3️⃣ TECHBOND GROUP – 5289 (S)
Note: S - Shariah Compliant
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Kopi-O (3 November 2023)
The KLCI could extend its gains, mirroring Wall Street's performance overnight. That said, profit taking could intensify ahead of the weekend break. Energy stocks may gain interest thanks to firmer oil prices. Technically, we expect the KLCI to range between 1,430 pts and 1,450pts today, with supports at 1,410pts and 1,395pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now
Stay Ahead, Trade Smart
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
The KLCI could extend its gains, mirroring Wall Street's performance overnight. That said, profit taking could intensify ahead of the weekend break. Energy stocks may gain interest thanks to firmer oil prices. Technically, we expect the KLCI to range between 1,430 pts and 1,450pts today, with supports at 1,410pts and 1,395pts.
For more stock ideas and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play now
Stay Ahead, Trade Smart
#MaybankIBGRetailResearch
#MaybankIBGDailyKopi
Media is too big
VIEW IN TELEGRAM
Maybank IBG Traders’ Almanac
(3 Nov 2023) - Improving Domestic Sentiment
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
(3 Nov 2023) - Improving Domestic Sentiment
For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.
#MaybankIBGResearch
#MaybankIBGTA
Maybank IBG Hong Kong -Dim Sum Daily (3 Nov 2023)
1️⃣ Hong Kong stocks gained yesterday after the US FED held rates steady as widely expected. The Hang Seng Index was up 128pts to 17,230pts with a daily turnover of HKD71.1b.
2️⃣ China technology and auto are outperformers. Yum China (9987 HK) slumped after the company released missed 3Q23 results, which was caused, which was caused by gross profit margin pressure and lower sales productivity.
3️⃣ Today, eyes on China Oct Caixin Service PMI and Composite PMI.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
1️⃣ Hong Kong stocks gained yesterday after the US FED held rates steady as widely expected. The Hang Seng Index was up 128pts to 17,230pts with a daily turnover of HKD71.1b.
2️⃣ China technology and auto are outperformers. Yum China (9987 HK) slumped after the company released missed 3Q23 results, which was caused, which was caused by gross profit margin pressure and lower sales productivity.
3️⃣ Today, eyes on China Oct Caixin Service PMI and Composite PMI.
Stay Ahead, Trade Smart.
#MaybankIBGResearch
#MaybankIBGDimSum
Bursa Malaysia Midday Recap: (Almost) Green Across the Board
The FBM KLCI index continued to trend upwards on the back of a more positive global sentiment. Local tech stocks mostly traded higher following a strong showing on Wall Street. In contrast, financial services stocks saw the highest trading value at midday as news outlets wrote that some research houses anticipate the sector to chart decent earnings growth for 2023.
At midday, our local index gained to 1448.91 (+9.14 pts, +0.63%) from yesterday’s close. Market breadth is positive with 491 gainers, 302 laggards and 397 unchanged stock tickers. Compared to yesterday, trade volume gained to 1.949 bil units (+2.1%) while trade value was mostly unchanged at 1.012 bil units.
Investors looking to capitalize on the tech sector’s momentum may want to explore INARI (0166). The stock was featured in our Traders’ Almanac posts today, with estimated resistance levels at MYR 3.05 and MYR 3.30. Stop loss is estimated at MYR 2.77.
#Middayrecap
The FBM KLCI index continued to trend upwards on the back of a more positive global sentiment. Local tech stocks mostly traded higher following a strong showing on Wall Street. In contrast, financial services stocks saw the highest trading value at midday as news outlets wrote that some research houses anticipate the sector to chart decent earnings growth for 2023.
At midday, our local index gained to 1448.91 (+9.14 pts, +0.63%) from yesterday’s close. Market breadth is positive with 491 gainers, 302 laggards and 397 unchanged stock tickers. Compared to yesterday, trade volume gained to 1.949 bil units (+2.1%) while trade value was mostly unchanged at 1.012 bil units.
Investors looking to capitalize on the tech sector’s momentum may want to explore INARI (0166). The stock was featured in our Traders’ Almanac posts today, with estimated resistance levels at MYR 3.05 and MYR 3.30. Stop loss is estimated at MYR 2.77.
#Middayrecap
Media is too big
VIEW IN TELEGRAM
Borak Bersama Maybank Ep 13: Hong Kong - Why So Weak?
Why has the Hong Kong stock market been so weak? Could this be an opportunity for investors to go bargain hunting? Join Maybank Investment Banking Group's Regional Head, Retail Client Solutions, Naguib Hussin and Hong Kong's Retail Research Head, Sonija Li to find out!
#BorakBersamaMaybank
Why has the Hong Kong stock market been so weak? Could this be an opportunity for investors to go bargain hunting? Join Maybank Investment Banking Group's Regional Head, Retail Client Solutions, Naguib Hussin and Hong Kong's Retail Research Head, Sonija Li to find out!
#BorakBersamaMaybank