Bursa Malaysia Daily Market Report - 19 August

Transcription

1. Monday , 19 August, 2019 TA RESEARCH’S ‘DAILY COMPILED REPORTS’ For Internal Circulation Only N ew s 1 . Da ily M a rk e t C o m m e n ta r y 2 . We e k ly S t ra t e g y 3 . We e k ly T e c h n ic a l O u t lo o k Fu nd a me n tal Rep o r ts 1 . El s o f t Re s e a rc h Be r h a d : E a rn in g s M i s se d o n W e a k e r- T h a n - E x p e c t e d- De m a n d 2 . M a la ys i a n Ec o n o m y : S t ro n g e r 2 Q 1 9 GD P b u t U n c e r ta in t ie s R e m a in Go in g F o rw a rd Te ch n ic al R ep o rt s 1 . We e k ly T e c h n ic a l S to c k Wa tc h 2 . Da ily M o n e y F lo w o f T e c h n ic a l S to c k W a tc h FBMKLCI 3 . We e k ly A c e M a r k e t S to c k W a tc h 4 . We e k ly S m a l l C a p S to c k Wa tc h 5 . We e k ly S to c k Sc re e n 6 . We e k ly F o re ig n Sto c k W a tc h (A U S , H K , F S S T I & U S ) Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my
2. Daily Market Commentary Monday , 19 August 2019 TA Research, e-mail : taresearch@ta.com.my For Internal Circulation Only KLSE Market Statistics (16.08.2019) Volume (mil) +/-chg (RMmn) Main Market 1,132.0 Warrants 404.7 ACE Market 250.3 Bond 0.3 ETF 0.2 LEAP 0.2 Total 1,787.7 Off Market 38.8 -65.3 -92.9 4.8 0.0 0.0 0.1 1,309.2 95.4 38.7 0.2 0.5 0.0 1,444.1 -162.4 36.1 -369.0 -34.1 -4.0 0.1 0.0 0.0 -18.0 Major Indices Index +/- chg Malaysia FBMKLCI FBMEMAS FBMSCAP Aug Futures Other Markets DOW JONES NASDAQ (US) FTSE (UK) NIKKEI (JAPAN) KOSPI (KOREA) HANG SENG (HK) FSSTI (S'PORE) SET (BANGKOK) JCI (JAKARTA) SHANGHAI SHENZHEN AUSTRALIA (mn) 10.0 7.7 6.5 3.0 2.0 1.8 1.4 1.4 1.2 1.0 273 75 40 1 1 0 390 210 83 26 3 1 2 325 % chg % YTD chg -1.07 -9.37 29.73 6.00 -0.07 -0.08 0.23 0.38 -5.40 -1.90 14.77 -6.24 25,886.01 7,895.99 7,117.15 20,418.81 1,927.17 25,734.22 3,115.03 1,631.40 6,286.66 2,823.82 1,525.48 6,405.53 306.62 129.38 50.14 13.16 -11.20 238.76 -11.06 27.37 29.07 8.03 8.41 -2.57 1.20 1.67 0.71 0.06 -0.58 0.94 -0.35 1.71 0.46 0.29 0.55 -0.04 10.97 19.00 5.78 2.02 -5.58 -0.43 1.51 4.32 1.49 13.23 20.32 13.44 0.12 0.10 0.04 4.00 7.90 0.88 0.58 0.31 1.10 0.16 Exchange Rate USD/MYR 4.177 -0.019 USD/JPY 106.370 0.610 EUR/USD 1.108 -0.008 USD/CNY 7.041 -0.002 Counter MAYBANK TENAGA PCHEM MAXIS SIMEPLT HAPSENG GENTING PETDAG RHBBANK HLFG Mkt Cap. (RM’mn) 95,664 77,797 57,200 42,622 32,358 23,901 23,103 22,651 21,975 19,332 Chg (RM) -0.04 -0.04 -0.05 -0.01 -0.11 -0.05 -0.04 -0.04 -0.04 -0.18 Stocks wise, blue chips should trade sideways pending confirmation of improvement in external sentiment, as doubts over impact from the USChina trade tariffs on global trade would continue to sideline investors. Meantime, oil & gas related stocks should remain in correction mode pending recovery in global crude oil prices ahead. News Bites Vol. (mn) 10.12 1.90 5.93 1.04 2.13 0.36 7.79 0.26 4.33 0.13 Commodities Futures Palm Oil (RM/mt) 2,192.00 -8.00 Crude Oil (Brent) 58.64 0.24 Gold ($/tr.oz.) 1,517.80 -10.10 Important Dates EWEIN - 1:4 Bonus Issue - BI of up to 75.4m warrants. 1 warrant for every 4 existing shares held. Ex-Date: 06/09/2019. Entitlement Date: 10/09/2019. While daily and weekly trend indicators on the FBM KLCI have yet to reverse their bearish signals following last week's rebound from a fresh three-month low, daily momentum indicators which showed good oversold rebound potential offer some hope for recovery early this week. Moreover, last Friday's Wall Street comeback which followed a rebound in US bond yields eased fears of a recession, tied to a report that Germany would issue more debt to stimulate the domestic economy, should aid recovery in global equities early this week. In addition, hopes that China may meet the US halfway to secure a trade deal should also lessen jittery sentiment and ease a potential escalation of trade war tensions. On the index, overhead resistance from the falling 10-day moving average at 1,611, needs to be overcome for a test of stronger resistance from the 100-day ma at 1,642, with tougher hurdle seen from the 76.4%FR (1,665) of the rally from 1,572 low (14/5/19) to the recent 1,694 high (2/7/19). Crucial chart supports are from the recent pivot lows of 1,581 (15/8/19) and 1,572 (14/5/19), while a confirmed breakdown could aim for next key supports at 1,543/1,525, the 123.6%/138.2% Fibonacci Projection (FP) levels. Top 10 KLCI Movers Based on Mkt Cap. (RM) @ @ @ @ @ @ @ @ @ @ 1.16 0.24 0.15 0.70 2.07 0.10 0.81 0.93 1,599.22 11,308.11 12,967.21 1,586.00 Off Market SMRT SERSOL JAG WPRTS KLCC YNHPROP DWL ECOFIRS SCIB CHGP Review & Outlook Value Value/ +/-chg Volume Up Down • Malaysia's economy has recorded a strong growth of 4.9% YoY for the second quarter of 2019, supported by higher household spending and private investment. • Khazanah National Bhd has pumped another RM300mn into the country's flag carrier Malaysia Airlines Bhd, via its holding company Malaysia Aviation Group Bhd, taking the total amount of capital injected for far this year to RM800mn. • Dialog Group Bhd is increasing its stake in Haliburton Bayan Petroleum Sdn Bhd (HBP) to 75% by purchasing an additional 25% stake for USD8.2mn (RM34.5mn) cash. • Pintaras Jaya Bhd's unit secured an RM91mn (SGD30mn) piling contract in Singapore. • HSS Engineers Bhd has entered into a MoU with Sapura Secured Technologies Sdn Bhd, Synergy Generated Sdn Bhd and Penor Renewable Energy Sdn Bhd to bid for a large scale solar photovoltaic power plant in Peninsular Malaysia. • Vizione Holdings Bhd is looking to raise up to RM59.1mn via a private placement of up to 10% of its total shares to third party investors to be identified later. • AirAsia Group Bhd CEO Tony Fernandes will be temporarily appointed the CEO of airasia.com, the low-cost carrier's travel and lifestyle ecommerce platform, with the group appointing a new CEO who will report to Fernandes in due course. • Guocoland (M) Bhd posted a net loss of RM32.5mn for FY19 despite revenue rising 70.9% to RM414.4mn from RM242.5mn previously. • Pentamaster Corp Bhd's second quarter net profit rose 40.1% to RM19.5mn from RM14.0mn last year. Due to higher sales from its automated test equipment and factory automation solutions segments. • Elsoft Research Bhd's 2QFY19 net profit declined 47.7% to RM6.3mn from RM12.0mn last year due to lower demand for automated test equipment. • China's central bank said it will start releasing a new reference rate for bank loans, a further step in a long-awaited reform to interest rates that's set to bring lower borrowing costs to the economy. • The University of Michigan's preliminary sentiment index slumped to 92.1 from July's 98.4, missing all forecasts in Bloomberg's survey of economists. Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan, Head of Research MENARA TA ONE, 22 JALAN for TA SECURITIES HOLDINGS BERHAD (14948-M) A PARTICIPATING ORGANISATION OF BURSA MALAYSIA SECURITIES BHD P RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL : 603 - 2072 1277. FAX : 603 - 2032 5048 www.ta.com.my
3. Monday , August 19, 2019 FBMKLCI:1,599.22 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Strategy Market View, News in Brief: Corporate, Economy, and Share Buybacks Kaladher Govindan Tel: +603-2167 9609 kaladher@ta.com.my www.taonline.com.my M a r k e t V i e w Potential for Oversold Rebound due to Stronger GDP The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) slumped for a sixth straight week to a three-month low in volatile trade, with the adverse impact from the US market correction and weak ringgit aggravating falls on banks. A mid-week rebound on news the US delayed tariffs on selected Chinese imports stalled, as renewed recession fears sparked by an inverted U.S. bond yield curve forced investors to sideline amid cautious sideways trade ahead of the weekend. For the sixth consecutive week, the FBM KLCI declined, falling 15.83 points, or 0.98 percent to 1,599.22, as losses in Public Bank (-72sen), Petronas Chemicals (-24sen), Tenaga (-14sen) and Maybank (-9sen) overshadowed gains in Dialog (+12sen) and CIMB (+3sen). Average daily traded volume and value shrank further to 2.08 billion shares and RM1.66 billion, compared to the 2.49 billion shares and RM2.02 billion average the previous week, as more investors were sidelined given the adverse external sentiment and high market volatility. The announcement of a slightly stronger-than-expected Malaysia’s second quarter of 2019 (2Q19) Gross Domestic Product (GDP) last Friday helped to revive the benchmark index from its day’s low of 1,590.18 to end the week closer to the 1,600 mark. Compounded further by the Wall Street’s rebound last Friday and the Bank Negara governor’s announcement that four new measures will be effective from 30th August to deepen the onshore financial market, as part of the measures to avert Malaysia’s potential disqualification from the World Government Bond Index in September, the positive momentum is likely to spillover into this week. Malaysia recorded an economic growth of 4.9% year-on-year (YoY) in the 2Q19, stronger than the consensus expectations of 4.7% YoY and the 4.5% YoY in 1Q19, supported by higher household spending (2Q19: +7.8% YoY; 1Q19: +7.6% YoY) that was lifted by real wage growth of 3.6% and government measures to help the B40 group, and private investment (2Q19: +1.8% YoY; 1Q19: +0.4% YoY) . This was reflected in slightly improved aggregate domestic demand that grew by 0.2 percentage points to +4.6% YoY during the quarter (1Q19: +4.4% YoY). Besides, net exports also surged at a rapid pace of 22.9% YoY during the quarter, versus 10.9% YoY in 1Q19, due to a larger contraction of 2.1% YoY in imports against -1.4% in 1Q19. On the supply side, all economic sectors expanded, with the mining sector registering its first positive growth since 3Q17 at 2.9%, versus -2.1%, due to recovery in natural gas output following the pipeline disruptions in 2018. Meanwhile, the services and manufacturing sector, the two largest contributors to GDP, expanded by 6.1% and 4.3% respectively. Page 1 of 8
4. 19-Aug-19 Despite the strong GDP growth of 4 .7% YoY in the first half of 2019 (1H19), the jury is still out whether the escalation in import tariff between the US and China in June and coming September will derail the economic growth momentum in the 2H19. So far, the negative impact is already visible on the 2Q19 GDP of our neighbouring economies and Malaysia’s manufacturing Purchasing Managers’ Index (PMI), which slipped to 47.6 in July from 47.8 in June. A 1.7% month-on-month contraction in the latest Malaysia’s leading index for May also implied economic conditions remain challenging with no sign of abatement in trade war, especially with China’s warning last Thursday that it will retaliate to US’ restrictive trade measures. As such, repeating 1H19’s performance may not be easy if trade war escalates and we are slow to resuscitate growth with domestic measures. The strong economic growth in the 1H19 should support consensus expectations for Bank Negara to stay pat in its 12 September policy meeting. However, expectations could change if trade retaliations worsen in the interim period and external economic conditions take a turn for the worse as it could be too late to react in the November meeting. On the US front this week, the July FOMC meeting minutes and the Markit PMI numbers for August should be keenly watched for clues on the Federal Reserve’s next move in September as consensus expectations are for the monetary policy making body to cut its fund target rate by another 25 basis points. Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 2 of 8
5. 19-Aug-19 N e w s I n B r i e f Corporate AirAsia Group Bhd CEO Tony Fernandes will be temporarily appointed the CEO of airasia .com, the low-cost carrier’s travel and lifestyle e-commerce platform, with the group appointing a new CEO who will report to Fernandes in due course. Karen Chan will be the platform's chief commercial officer, with Spencer Lee as chief operating officer. Meanwhile AirAsia Software Engineering and Technology's Elias Vafiadis will lead the platform’s software engineering and a chief product officer will also be appointed to airasia.com. AirAsia group deputy CEO (airlines) Bo Lingam has been appointed as president of airlines for AirAsia Group Bhd, while also heading AirAsia SEA. Aireen Omar has been appointed AirAsia Group Bhd President (RedBeat ventures) and will helm its corporate venture capital arm. (Bursa Malaysia / The Edge) Khazanah National Bhd has pumped another RM300mn into the country’s flag carrier Malaysia Airlines Bhd, via its holding company Malaysia Aviation Group Bhd, taking the total amount of capital injected for far this year to RM800mn. (The Edge) Dialog Group Bhd is increasing its stake in Haliburton Bayan Petroleum Sdn Bhd (HBP) to 75% for USD8.2mn (RM34.5mn) cash. The group will purchase an additional 25% stake from HBP’s other shareholder Asia Energy Services Sdn Bhd, thus bringing its stake in HBP to 75%. HBP is an independent technical service contractor for the Oilfield Services Contract with Petronas Carigali Sdn Bhd. The contract is for the provision of contractor services required for the enhancement of recoverable reserves from the Bayan Field, near Bintulu, Sarawak and having a term of 24 years. (Bursa Malaysia / The Edge) Pintaras Jaya Bhd’s unit secured an RM91mn (SGD30mn) piling contract in Singapore. The project is to commence in October for nine months. This now brings total cumulative contracts secured by the group to 10 projects worth RM247mn. It had earlier announced on July 31 that it had secured nine piling contracts worth RM156mn since April. (Bursa Malaysia / The Edge) HSS Engineers Bhd has entered into a memorandum of understanding with Sapura Secured Technologies Sdn Bhd, Synergy Generated Sdn Bhd and Penor Renewable Energy Sdn Bhd to bid for a large scale solar photovoltaic power plant in Peninsular Malaysia. In the event of a successful bid, the parties agree to incorporate a special purpose vehicle company to implement the project with HSS Engineers holding 28.5% equity. (Bursa Malaysia / Bernama) Vizione Holdings Bhd is looking to raise up to RM59.1mn via a private placement of up to 10% of its total shares to third party investors to be identified later. Proceeds from the exercise will be used to partly finance existing construction projects, as well as for the payment of tender/contract deposits and/or performance bonds for new projects. The exercise entails an issuance of up to 62.2mn new shares. (Bursa Malaysia / The Edge) Guocoland (M) Bhd posted its fifth consecutive quarterly loss for the fourth quarter ended June 30, 2019 but the net loss narrowed to RM11.7mn from RM35.7mn last year. Quarterly revenue stood at RM131.0mn against a negative net revenue of RM100.5mn last year. The group said the swing in revenue was due to earnings recognised from the launch of the Emerald Hills in Cheras. For FY19, the group posted a net loss of RM32.5mn from the RM19.5mn last year, despite revenue rising 70.9% to RM414.4mn from RM242.5mn previously. (Bursa Malaysia / The Edge) Page 3 of 8
6. 19-Aug-19 Pentamaster Corp Bhd ’s second quarter net profit rose 40.1% to RM19.5mn from RM14.0mn last year. Quarterly revenue increased 18.0% to RM120.7mn from RM102.3mn last year. The group attributed its higher revenue to greater sales from its automated test equipment and factory automation solutions segments. For the cumulative six months, net profit grew 84.7% to RM39.1mn from RM21.2mn last year. (Bursa Malaysia / The Edge) Elsoft Research Bhd’s 2QFY19 net profit declined 47.7% to RM6.3mn from RM12.0mn last year. Meanwhile, quarterly revenue declined 48.9% to RM12.3mn from RM24.2mn. First-half net profit fell 44.39% to RM11.2mn from RM20.1mn last year. Revenue also shrank 44.78% to RM22.2mn from RM40.6mn. This was attributed to lower demand for automated test equipment. (Bursa Malaysia / The Edge) Page 4 of 8
7. 19-Aug-19 N e w s I n B r i e f Economy Malaysi a Malaysia Records Stronger GDP Growth in 2Q19 Malaysia 's economy has recorded a strong growth of 4.9% for the second quarter of 2019 (2Q19), supported by higher household spending and private investment. This is compared with gross domestic product (GDP) growth of 4.5% in 1Q19 and 2Q18, respectively. All economic sectors expanded, with the mining sector registering its first growth since 3Q17 at 2.9%, versus -2.1%, due to recovery in natural gas output following the pipeline disruptions in 2018. Growth in the manufacturing sector also improved on the back of better performance of the domestic-oriented industries, while growth in the construction sector was slightly higher due to improvements in the residential and special trade sub-sectors. On the demand side, GDP growth is supported by the continued expansion in private sector spending, as well as higher net export. The private consumption growth remains firm at 7.8%, while household spending is lifted by real wage growth of 3.6%, which is still above the recent average of 3.1%. Government measures such as the Aidilfitri special assistance and Bantuan Sara Hidup also provided some lift to overall household spending in the current quarter. Private investment expanded by 1.8% in 2Q19, driven by higher capital spending and the manufacturing and services sectors. At the same time, Malaysia's current account surplus fell to RM14.3bn (US$3.42bn) in the 2Q19 from RM16.4 billion in the previous three months. Portfolio investment saw a net outflow of RM10.2bn, compared with a net inflow of RM2.1bn in the first quarter of 2019. (The Edge) Malaysia's External Debt Remains Manageable — BNM Malaysia’s external debt, which stood at RM931.1bn or 61.3% of gross domestic product (GDP) as at end-June this year, remains manageable. The debt remained manageable given its currency and maturity profiles and the presence of large external assets. Close to onethird of the external debt is denominated in ringgit (31.7%), mainly in the form of nonresident holdings of domestic debt securities and in ringgit deposits in domestic banks, which are not subject to valuation changes. The remaining external debt of RM636.1bn (68.3%) was denominated in foreign currency (FC) whereby the corporate sector accounted for slightly more than half of it and are largely subject to prudential and hedging requirements. Compared to end-March this year the external debt (59.5% of GDP) had increased, reflecting mainly the drawdown of interbank borrowings and inter-company loans. She noted there were also revaluation adjustments from the weaker ringgit against regional currencies during the second quarter, which were partially offset by some liquidation of domestic debt securities and withdrawal of deposits by non-residents. Meanwhile, she said Malaysia's flexible exchange rate policy would continue to allow the economy to withstand external shocks. (The Edge) Mahathir: Government to Study Tax Structure on Airline Passengers The Government will study the tax structure imposed on passengers of low-cost and full service airlines as it is not fair for everyone to pay the same amount, said Tun Dr Mahathir Mohamad. "We are studying (the tax). Obviously, if you charge the passengers the same exit tax for high-cost flights and low-cost flights, it is not fair,” the Prime Minister told a press conference after visiting RedQ, the AirAsia’s headquarters, here today, He was commenting on calls from the industry to defer the implementation of the departure levy next month until after Visit Malaysia Year 2020, while others have asked for the tax to be lowered or included in the airline fares for convenience. Dr Mahathir said the Government will look into the matter to ensure that the tax structure will be fair for everyone. Page 5 of 8
8. 19-Aug-19 "At the moment, when you talk about taxes, it is one level of tax for everyone but everyone is not the same. So, we have to take into consideration the size, the cost, all of it," he said. In a gazette published on July 31, the Finance Ministry fixed Sept 1 as the effective date for the departure levy. Anyone leaving Malaysia for ASEAN countries will be charged RM8 for flights in economy class and RM50 for other classes. (The Edge) RON97, RON95 and Diesel Prices Unchanged The retail prices of RON97 and RON95 remain at RM2.49 and RM2.08 respectively for the Aug 17 to Aug 23 week. A Finance Ministry statement today quoted the retail price of diesel staying at RM2.18 a litre for the same period. According to the statement, the retail prices of RON95 and diesel for the period should be RM2.19 and RM2.21 a litre. “Nonetheless, the retail prices for both products (RON95 and diesel) are maintained at RM2.08 and RM2.18 in line with the decision of the government to stabilise the retail price of both petroleum products and for the economic well-being of the people,” the statement said. The estimated subsidy borne by the Government for the period is RM47.1 million. (The Edge) Asia China Lines Up Lower Borrowing Costs with Revamped Rate System The People’s Bank of China will announce the new loan prime rate, or LPR, at 9:30 a.m. on the 20th of each month, starting this month, according to a statement on Saturday. The central bank will require commercial lenders to set the price for new loans to businesses and households “mainly” with reference to the LPR, while the price for outstanding loans can stay unchanged for now, it said. The use of the new reference rate signals policy makers are completing the last mile of an overhaul to the country’s rates system, which still bears some hallmarks of the Communist command system. If successful, the revamp can stimulate demand for new credit and aid growth in the world’s second-largest economy as it remains embroiled in a protracted trade war with the U.S. (Bloomberg) Singapore Exports Continue to Decline Singapore's non-oil domestic exports continued to fall in July but at a slower than expected pace, data from Enterprise Singapore. NODX declined 11.2% year-on-year in July, after a 17.4% fall in June. Economists had expected a 15.4% fall. Exports of electronic goods declined sharply by 24.2% annually in July, following the 31.9% decrease in the previous month. Non-electronic NODX fell by 6.6% in July, after a 12.6% contraction in the preceding month. Exports to the top ten markets declined in July, except to the US. The annual fall was led by Japan, Malaysia and Hong Kong. On a monthly basis, NODX rose 3.7% in July, after a 7.8% decrease in the preceding month. Early this week, the Enterprise Singapore revised down its forecast for NODX for 2019. NODX is forecast to shrink 9% to 8% this year. (RTT) Singapore to Work Longer, Build Higher as Lee Looks to Hand Over Singapore extended support for older workers by raising retirement and re-employment ages and lifting the cut-off for full pension benefits, as the current leadership prepares to hand over to a new generation in coming years. The retirement age will be gradually raised from 62 to 65, and the re-employment age will rise from 67 to 70, Prime Minister Lee Hsien Loong said Sunday in his annual National Day Rally speech. The city-state also will increase pension-contribution rates for workers so that by 2030, any worker age 60 or below will get the full rate, he said. The announcement comes as the government looks ahead to elections that must be held by 2021 and as Lee -- son of the country’s founding father -- prepares to hand power to new leaders “in the next few years.” The measures build on support Lee’s government already is giving to older citizens, including S$6.1bn (US$4.4bn) it set aside this year for a Page 6 of 8
9. 19-Aug-19 fund that includes subsidized health care for those in their 60s . The pledges come as the trade-dependent nation grapples with fears of a global recession and an intensifying rivalry between its two biggest trading partners. In the past week the government slashed its economic outlook for 2019 to a range of zero to 1% growth, predicting what could be its most sluggish year in a decade. (Bloomberg) United States Trump Says U.S. ‘Talking’ With China But Not Ready for a Deal President Donald Trump said the U.S. is “doing very well with China, and talking!” but suggested he wasn’t ready to sign a trade deal, hours after his top economic adviser laid out a potential timeline for the resumption of substantive discussions with Beijing. Trump vowed that the U.S. was “poised for big growth” after various trade deals are reached. Speaking to reporters as he departed New Jersey for Washington on Sunday, Trump said China needs a trade agreement more than the U.S. given the relatively weak condition of the Asian nation’s economy. The president for the first time tied trade negotiations with the ongoing situation in Hong Kong, saying that a deal between the U.S. and China would be harder if there’s a violent conclusion to protests there because of concerns raised by U.S. lawmakers. Trump also pushed back on media reports this weekend that the Commerce Department is poised, as soon as Monday, to renew Huawei Technologies Co.’s temporary general license to buy supplies for the U.S. “Huawei is a company that we may not do business with at all,” Trump said, calling the Chinese company a “national security threat.” (Bloomberg) U.S. Housing Starts Fell 4.0% in July Home building in the U.S. fell for a third straight month, showing that rising labor and material costs continue to dent the pace of home construction. Housing starts, a measure of new-home construction, fell 4% in July from the prior month to a seasonally adjusted annual rate of 1.191mn, the Commerce Department said Friday. Residential building permits, which can signal how much construction is in the pipeline, rose 8.4% from June to an annual pace of 1.336mn. Economists surveyed by The Wall Street Journal had expected a 1.0% drop in housing starts and a 4.1% increase for permits last month. Housing-starts data are volatile from month to month and can be subject to large revisions. July’s 4% decline for starts came with a margin of error of 8.0 percentage points. Starts were up 0.6% from July last year and building permits were up 1.5% from July 2018. The Northeast saw the sharpest dip in housing starts with a decline of 13.8% from June. Building permits were also down 3.3% from the previous month in the region. Despite historically low mortgage rates and rising wages, the housing sector has been strained by a low inventory of affordable homes propelled by rising construction costs and lack of land. (WSJ) Economic Concerns Send U.S. Consumer Mood to Seven-Month Low U.S. consumer sentiment plummeted to a seven-month low in August on growing concerns about the economy even as the labor market shows few signs of weakening from robust levels. The University of Michigan’s preliminary sentiment index slumped to 92.1 from July’s 98.4, missing all forecasts in Bloomberg’s survey of economists. The gauge of current conditions decreased to 107.4 while the expectations index dropped to 82.3, bringing both readings to the lowest levels since early this year. (Bloomberg) Eurozone Eurozone Trade Surplus Declines on Weak Exports The euro area trade surplus declined in June as exports logged a monthly decline amid an increase in imports, data from Eurostat showed. The trade surplus fell to a seasonally adjusted EUR 17.9 billion in June from EUR 19.6 billion in May. In the same period last year, the surplus totaled EUR 12.5 billion. On a monthly basis, exports decreased 0.6 percent on month, while imports grew 0.3 percent. Data showed that the surplus totaled EUR 20.6 billion on an unadjusted basis compared to a EUR 22.6 billion surplus in June 2018. Both exports and imports decreased 4.7 percent and 4.1 percent, respectively. (WSJ) Page 7 of 8
10. 19-Aug-19 N e w s I n B r i e f Share Buy-Back Share Buy-Back : 16 August 2019 Company Bought Back Price (RM) Hi/Lo (RM) 80,100 14,100 77,000 38,000 85,000 10,000 10,000 150,000 56,700 3,000 30,000 18,000 24,100 55,000 0.47/0.46 16.20/16.08 0.77 0.48 0.35 1.92 1.73/1.72 0.525/0.52 0.605/0.595 0.98 1.59 0.30 0.855/0.85 0.89/0.885 0.47/0.46 16.24/16.08 0.775/0.76 0.485/0.47 0.345/0.34 1.93/1.92 1.73/1.72 0.53/0.52 0.605/0.595 0.98/0.975 1.60/1.59 0.295/0.29 0.855/0.845 0.90/0.88 ANCOM BKAWAN BREM CCK FARLIM FIMACOR KFIMA LBS NYLEX P&O RCECAP TITIJYA TROP TSH Total Treasury Shares 11,330,959 41,293,731 5,596,634 3,030,700 466,400 5,469,700 1,036,600 6,349,100 16,987,124 15,718,293 19,978,825 76,696,400 42,371,342 1,139,000 Source: Bursa Malaysia TA RESEARCH – Remisiers’ Briefing Topic: Weekly Market Outlook Speaker: Mr. Kaladher / Mr. Stephen Soo Venue: Multi Purpose Hall III, 10th Floor Menara TA One Date: 19 August 2019 (Monday) Time: 12.40pm This briefing is an exclusive invitation to Remisiers, Dealers and selective personnel only Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 8 of 8
11. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company Share Price Target Price (RM) (RM) % upside Recom Market Cap. (RMm) Beta EPS (sen) PER (X) Div Yield (%) FY19 FY20 FY19 FY20 FY19 FY20 52weeks 52weeks % Chg High Price % Chg Low Price % Chg YTD 16-Aug-19 AUTOMOBILE BAUTO 2.43 2.86 17.7% Buy 2,823 0.64 22.8 21.8 10.6 11.1 8.7 6.7 2.78 -12.6 1.75 38.7 MBMR 3.29 3.36 2.1% Buy 1,286 0.56 40.5 42.0 8.1 7.8 1.8 1.8 3.37 -2.4 1.86 76.9 16.1 49.5 PECCA 1.17 1.28 9.4% Buy 215 0.76 9.4 10.3 12.5 11.4 6.0 6.8 1.24 -5.6 0.69 70.8 59.2 SIME 2.16 2.31 6.9% Sell 14,690 1.59 16.3 15.3 13.2 14.2 4.5 4.2 2.73 -20.8 2.04 5.9 -10.0 UMW 5.13 5.42 5.7% Sell 5,993 0.63 39.6 41.1 13.0 12.5 1.4 1.4 6.09 -15.8 4.20 22.1 -6.2 BANKS & FINANCIAL SERVICES ABMB 3.25 4.20 29.2% Buy 5,031 0.83 34.7 36.6 9.4 8.9 5.1 5.4 4.35 -25.3 3.25 0.0 -19.2 AFFIN 1.97 2.50 26.9% Buy 3,912 0.86 26.7 28.7 7.4 6.9 5.1 5.1 2.55 -22.7 1.94 1.5 -11.7 AMBANK 3.91 4.70 20.2% Buy 11,785 1.19 42.2 45.4 9.3 8.6 5.1 5.1 4.64 -15.7 3.70 5.7 -9.9 CIMB 5.07 5.80 14.4% Buy 49,318 1.31 50.9 58.0 10.0 8.7 5.1 5.7 6.28 -19.3 4.98 1.8 -11.2 HLBANK 17.12 20.30 18.6% Buy 37,111 0.89 128.8 138.9 13.3 12.3 2.8 2.8 21.66 -21.0 16.82 1.8 -16.1 MAYBANK 8.51 9.30 9.3% Buy 95,664 0.86 76.0 81.1 11.2 10.5 6.8 6.8 10.14 -16.1 8.50 0.1 -10.4 PBBANK 20.80 19.20 -7.7% Sell 80,748 0.86 147.6 152.3 14.1 13.7 3.3 3.3 26.16 -20.5 20.36 2.2 -16.0 RHBBANK 5.48 6.50 18.6% Buy 21,975 1.06 60.0 64.0 9.1 8.6 4.0 4.0 6.07 -9.7 5.05 8.5 3.6 BURSA 6.04 6.10 1.0% Sell 4,883 0.91 25.5 26.7 23.7 22.6 4.0 4.0 7.85 -23.1 5.92 2.0 -11.7 ANNJOO 1.39 1.00 -28.1% Sell 721 1.52 -2.1 10.0 na 13.9 0.0 2.9 2.17 -35.9 1.15 20.9 11.2 CHINHIN 0.81 0.70 -13.0% Sell 443 0.96 6.1 7.8 13.2 10.3 1.5 2.4 0.91 -11.5 0.63 27.8 11.0 CHINWEL 1.74 2.20 26.4% Buy 511 0.78 20.2 21.8 8.6 8.0 4.6 4.9 2.00 -13.0 1.54 13.0 7.4 CMSB 2.66 3.26 22.6% Hold 2,853 1.56 20.8 21.6 12.8 12.3 3.1 3.2 3.92 -32.1 2.52 5.6 -1.1 CSCSTEL 0.99 1.10 11.1% Sell 366 0.99 5.6 6.8 17.7 14.6 2.8 3.3 1.32 -25.0 0.98 1.5 -2.9 ENGTEX 0.70 0.80 15.1% Buy 302 0.73 2.5 4.0 28.2 17.3 1.2 1.2 1.09 -36.2 0.66 6.1 -15.8 GADANG 0.74 0.77 4.8% Sell 535 1.67 6.0 8.1 12.3 9.1 1.6 2.0 0.96 -23.4 0.48 54.7 44.1 GAMUDA 3.68 3.65 -0.8% Sell 9,098 1.55 27.9 30.2 13.2 12.2 3.3 3.3 4.04 -8.9 2.00 84.0 57.3 BUILDING MATERIALS CONSTRUCTION Note: GAMUDA proposed 1 for 4 rights issue warrants. For more details please refer to 17.12.18 report. GDB 0.30 0.31 1.7% Sell 188 na 4.1 3.4 7.3 8.9 5.0 5.0 0.44 -31.8 0.22 36.4 30.4 IJM 2.28 2.18 -4.4% Sell 8,275 1.65 9.5 10.0 24.0 22.9 1.8 2.2 2.51 -9.2 1.39 64.0 40.7 KAB 0.26 0.31 19.6% Buy 90 na 2.9 2.9 8.9 8.8 3.9 3.9 0.31 -17.7 0.19 37.8 30.8 PESONA 0.23 0.31 37.8% Buy 156 1.35 3.2 3.6 7.1 6.3 4.4 4.4 0.37 -38.4 0.17 32.4 18.4 -38.1 SENDAI 0.42 0.37 -10.8% Sell 324 1.39 7.0 6.2 5.9 6.7 0.0 2.4 0.90 -53.9 0.39 6.4 SUNCON 2.07 1.71 -17.4% Sell 2,669 1.24 11.0 12.3 18.8 16.9 3.9 3.9 2.20 -5.9 1.30 59.2 55.6 WCT 1.04 0.92 -12.0% Sell 1,466 1.33 3.9 3.9 26.5 27.0 1.9 1.9 1.22 -14.8 0.65 60.7 57.2 LITRAK 4.35 5.21 19.8% Buy 2,309 0.57 44.5 43.6 9.8 10.0 5.7 5.7 5.27 -17.5 3.72 16.9 4.8 CARLSBG 23.94 25.90 8.2% Hold 7,364 0.66 95.9 100.5 25.0 23.8 4.0 4.2 27.34 -12.4 17.06 40.4 21.8 HEIM 22.72 27.00 18.8% Buy 6,864 0.68 104.1 110.7 21.8 20.5 4.4 4.7 25.10 -9.5 17.42 30.4 11.0 AEON 1.63 1.75 7.4% Hold 2,289 0.84 10.1 10.7 16.2 15.2 3.1 3.4 2.27 -28.2 1.38 18.1 10.9 AMWAY 6.05 7.76 28.3% Buy 995 0.63 37.5 40.5 16.1 14.9 5.0 5.4 7.32 -17.3 5.53 9.4 2.1 F&N 34.54 28.77 -16.7% Sell 12,669 0.80 123.3 125.7 28.0 27.5 1.9 2.2 40.00 -13.7 29.20 18.3 3.1 FOCUSP 0.57 0.66 15.8% Buy 94 na 5.1 5.5 11.2 10.3 2.7 2.9 0.58 -1.7 0.16 256.3 200.0 CONSUMER Brewery Retail Note: FOCUSP proposed bonus issue shares on the basis of 1 for 3. For more detail please refer to 10.07.19 report. HUPSENG 0.91 1.24 36.3% Buy 728 0.43 5.3 6.0 17.0 15.3 6.6 6.6 1.09 -16.5 0.90 1.1 -4.2 JOHOTIN 1.37 1.80 31.4% Buy 425 1.01 11.8 14.1 11.6 9.7 3.6 4.4 1.60 -14.4 0.84 64.1 42.7 -29.1 LHI 0.78 1.43 83.3% Buy 2,847 na 6.9 7.5 11.3 10.4 2.7 2.9 1.19 -34.5 0.78 0.6 NESTLE 149.00 159.60 7.1% Hold 34,941 0.59 310.0 332.9 48.1 44.8 2.1 2.2 150.60 -1.1 142.80 4.3 1.1 PADINI 3.38 4.28 26.6% Buy 2,224 0.63 22.8 25.6 14.8 13.2 3.4 3.6 6.16 -45.1 3.14 7.7 -3.3 POHUAT 1.47 1.88 27.9% Buy 329 0.59 22.3 23.4 6.6 6.3 5.4 5.4 1.64 -10.4 1.30 13.1 -2.0 QL 6.80 6.58 -3.2% Sell 11,033 0.73 13.5 15.5 50.5 43.8 0.7 0.7 7.63 -10.9 5.80 17.2 -0.1 SCIENTX 8.28 9.80 18.4% Buy 4,266 0.81 62.5 75.6 13.2 10.9 2.5 2.8 9.48 -12.7 8.06 2.7 -6.4 SIGN 0.48 0.60 25.0% Buy 108 0.61 2.1 4.6 22.8 10.4 3.1 3.8 0.64 -25.0 0.32 52.4 43.3 22.26 28.20 26.7% Sell 6,356 0.70 135.3 136.2 16.5 16.3 5.8 6.1 38.68 -42.5 22.20 0.3 -38.3 GENTING 6.00 6.97 16.2% Sell 23,103 1.16 49.6 56.9 12.1 10.5 2.3 2.7 8.66 -30.7 5.85 2.6 -0.6 GENM 3.08 3.47 12.7% Sell 18,289 1.32 17.1 23.5 18.0 13.1 2.6 3.2 5.12 -39.8 2.70 14.3 4.4 2.73 2.29 -16.1% Sell 3,677 0.74 22.9 20.1 11.9 13.6 5.9 5.1 2.82 -3.2 2.01 35.8 29.4 40.0 Tobacco BAT GAMING Casino NFO BJTOTO HEALTHCARE Hospitals/ Pharmaceutical DPHARMA 1.33 1.62 21.8% Buy 905 0.63 7.7 8.2 17.3 16.3 4.2 4.5 1.44 -7.6 0.93 43.8 IHH 5.69 5.90 3.7% Sell 49,924 0.64 10.9 12.4 52.0 45.8 0.5 0.5 5.95 -4.4 4.54 25.3 5.6 KPJ 0.89 1.05 18.6% Buy 3,795 0.73 4.4 4.7 20.3 18.7 2.4 2.6 1.16 -23.7 0.89 0.0 -14.9 HARTA 5.00 4.16 -16.8% Sell 16,791 0.88 13.6 14.4 36.8 34.8 1.6 1.7 7.45 -32.9 4.52 10.6 -18.6 KOSSAN 4.15 5.16 24.3% Buy 5,308 0.58 19.2 21.5 21.7 19.3 1.8 2.0 4.60 -9.8 3.44 20.6 -4.4 SUPERMX 1.54 1.77 14.9% Hold 2,012 0.90 9.9 10.6 15.5 14.5 2.9 3.2 2.22 -30.6 1.30 18.5 -11.5 TOPGLOV 4.47 4.67 4.5% Sell 11,442 0.42 15.3 17.3 29.2 25.8 1.7 1.9 6.36 -29.7 4.30 4.0 -20.2 0.67 0.87 29.9% Buy 504 0.97 7.4 8.2 9.1 8.2 5.0 5.5 0.93 -27.6 0.53 27.6 19.6 ASTRO 1.40 1.60 14.3% Buy 7,300 1.33 10.8 11.5 13.0 12.1 6.4 7.5 1.91 -26.7 1.05 33.3 7.7 MEDIA PRIMA 0.48 0.31 -35.4% Sell 532 1.05 -7.4 -5.8 na na 0.0 0.0 0.60 -20.0 0.33 47.7 39.1 STAR 0.61 0.69 14.0% Sell 446 1.02 1.8 2.0 33.1 30.8 0.8 0.8 1.18 -48.7 0.59 2.5 -11.7 Rubber Gloves INSURANCE TUNEPRO MEDIA
12. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company Market Cap . Share Price Target Price (RM) (RM) LCTITAN 2.56 2.40 -6.3% Sell 5,819 MHB 0.82 1.05 28.8% Buy 1,304 MISC 7.29 6.30 -13.6% Sell PANTECH 0.51 0.75 48.5% % upside Recom (RMm) Beta EPS (sen) PER (X) Div Yield (%) 52weeks 52weeks % Chg FY19 FY20 FY19 FY20 FY19 FY20 High Price % Chg Low Price % Chg YTD 0.92 9.5 18.1 26.8 14.1 1.2 2.0 5.21 -50.9 2.50 2.4 -44.6 1.46 -3.6 3.8 na 21.5 0.0 0.0 0.97 -16.0 0.50 64.6 49.5 32,541 0.96 38.4 42.0 19.0 17.3 4.1 4.1 7.50 -2.8 5.48 33.0 8.8 Buy 379 1.02 6.4 7.1 7.9 7.1 4.0 4.3 0.61 -17.7 0.41 22.9 17.3 -23.0 OIL & GAS PCHEM 7.15 8.70 21.7% Buy 57,200 0.75 49.7 56.0 14.4 12.8 3.5 3.8 10.20 -29.9 7.08 1.0 SERBADK 4.26 5.00 17.4% Buy 6,256 1.06 31.0 33.5 13.8 12.7 2.1 2.3 4.29 -0.7 3.55 20.0 12.7 UZMA 0.67 0.71 6.8% Sell 13,556 1.58 5.9 7.9 11.3 8.4 0.0 0.0 1.51 -56.0 0.55 20.9 15.7 VELESTO 0.30 0.34 13.3% Buy 2,465 1.67 0.2 0.4 153.8 78.4 0.0 0.0 0.34 -11.8 0.17 81.8 66.7 FGV 1.05 1.03 -1.9% Sell 3,831 1.47 -4.6 -3.6 na na 0.0 0.0 1.75 -40.0 0.63 66.7 46.9 IJMPLNT 1.39 1.27 -8.6% Sell 1,224 0.95 -2.1 4.4 na 31.6 1.4 1.4 2.61 -46.7 1.30 6.9 -0.7 IOICORP 4.23 3.81 -9.9% Sell 26,584 0.77 11.3 14.3 37.4 29.6 1.9 2.0 4.74 -10.8 4.10 3.2 -4.9 PLANTATIONS KFIMA 1.72 1.89 9.9% Hold 484 0.65 11.8 11.1 14.6 15.5 5.2 5.2 1.80 -4.4 1.41 22.0 13.2 KLK 24.02 19.17 -20.2% Sell 25,580 0.53 62.3 72.1 38.6 33.3 1.2 1.5 25.78 -6.8 23.00 4.4 -2.8 SIMEPLT 4.70 4.07 -13.4% Sell 32,358 na 7.4 13.8 63.8 33.9 1.3 1.9 5.40 -12.9 3.95 19.0 -1.3 TSH 0.89 0.84 -5.6% Sell 1,229 0.48 2.2 3.5 40.0 25.3 0.8 1.2 1.25 -28.8 0.87 2.3 -10.1 UMCCA 5.12 5.19 1.4% Sell 1,074 0.57 -15.4 12.4 na 41.2 1.6 1.6 6.30 -18.7 5.00 2.4 -1.7 GLOMAC 0.37 0.37 0.0% Sell 288 0.61 0.9 2.1 42.3 18.0 2.2 2.7 0.44 -15.9 0.35 7.2 -5.1 HUAYANG 0.38 0.43 13.2% Sell 134 0.67 -3.6 3.4 na 11.0 0.0 0.0 0.48 -20.8 0.30 26.7 10.1 IBRACO 0.66 0.70 6.1% Sell 328 0.46 7.4 9.1 8.9 7.3 4.2 4.2 0.75 -12.0 0.15 340.0 10.9 IOIPG 1.28 1.79 39.8% Buy 7,048 1.28 14.4 14.5 8.9 8.8 3.9 3.9 1.85 -30.8 1.16 10.3 -16.9 MAHSING 0.88 1.07 21.6% Buy 2,136 0.80 8.8 9.0 10.0 9.8 5.7 5.7 1.23 -28.5 0.88 0.6 -3.8 SIMEPROP 0.85 1.14 34.1% Buy 5,781 na 5.5 7.7 15.4 11.1 2.4 3.5 1.30 -34.6 0.85 0.6 -14.6 SNTORIA 0.22 0.32 45.5% Buy 123 0.53 3.6 4.5 6.0 4.8 0.0 4.5 0.55 -59.6 0.19 15.8 -45.0 SPSETIA 1.66 1.89 13.9% Hold 6,711 1.38 9.7 11.1 17.0 15.0 2.4 3.3 3.00 -44.7 1.61 3.1 -28.8 SUNWAY 1.60 1.65 3.1% Sell 7,798 0.82 12.5 13.7 12.8 11.7 4.7 4.7 1.72 -7.0 1.34 19.7 9.9 PROPERTY REIT CMMT 1.04 1.17 12.5% Hold 2,126 0.53 6.1 6.7 17.1 15.5 6.3 6.8 1.21 -14.0 0.99 5.1 3.0 SUNREIT 1.90 2.05 7.9% Hold 5,596 0.64 9.6 10.7 19.8 17.8 5.1 5.6 1.97 -3.6 1.61 18.0 9.8 POWER & UTILITIES MALAKOF 0.88 0.93 5.7% Buy 4,301 1.17 5.1 5.7 17.3 15.5 6.4 6.5 1.03 -14.6 0.75 18.1 10.0 PETDAG 22.80 25.90 13.6% Sell 22,651 0.80 105.7 108.1 21.6 21.1 3.9 4.0 28.48 -19.9 22.60 0.9 -14.0 PETGAS 16.00 16.50 3.1% Sell 31,660 0.99 97.3 98.3 16.5 16.3 4.6 4.6 20.00 -20.0 15.76 1.5 -16.7 TENAGA 13.68 16.40 19.9% Buy 77,797 1.26 97.9 98.8 14.0 13.8 4.0 4.0 16.00 -14.5 11.24 21.7 0.6 YTLPOWR 0.76 0.77 1.3% Sell 5,833 0.99 8.0 8.3 9.5 9.2 6.6 6.6 1.24 -38.7 0.75 1.3 -8.4 TELECOMMUNICATIONS AXIATA 5.02 4.95 -1.4% Sell 45,826 1.62 9.9 13.3 50.5 37.6 1.7 2.3 5.28 -4.9 3.20 56.9 27.7 DIGI 5.02 4.25 -15.3% Sell 39,031 1.09 19.7 20.6 25.4 24.3 3.7 3.9 5.10 -1.6 4.02 24.9 11.6 MAXIS 5.45 4.75 -12.8% Sell 42,622 0.91 20.3 20.5 26.8 26.6 3.7 3.7 5.89 -7.5 5.13 6.2 1.9 TM 4.05 3.51 -13.3% Sell 15,247 2.08 24.8 25.2 16.3 16.1 3.1 3.1 4.68 -13.5 2.11 91.9 52.3 ELSOFT 0.89 0.77 -13.5% Sell 594 0.71 3.7 5.0 23.8 17.7 4.5 4.6 1.50 -40.7 0.77 16.3 -18.3 INARI 1.60 2.10 31.3% Buy 5,085 1.04 6.3 8.0 25.2 20.0 3.2 4.0 2.42 -33.9 1.22 31.1 6.7 MPI 8.45 9.00 6.5% Sell 1,681 0.95 63.0 70.8 13.4 11.9 3.2 3.4 13.20 -36.0 8.35 1.2 -15.1 -30.5 TECHNOLOGY Semiconductor & Electronics N2N 0.73 1.02 39.7% Buy 436 0.88 3.7 4.3 20.0 17.1 4.1 4.1 1.31 -44.3 0.70 4.3 SKPRES 1.18 1.57 33.1% Buy 1,688 1.16 7.8 9.9 15.1 12.0 3.3 4.2 1.45 -18.6 0.95 24.9 12.4 UNISEM 2.03 1.88 -7.4% Sell 1,476 0.74 7.6 12.4 26.6 16.3 2.0 3.0 3.30 -38.5 2.02 0.5 -38.1 TRANSPORTATION Airlines AIRASIA 1.85 2.60 40.5% Buy 6,183 1.54 14.8 26.0 12.5 7.1 48.6 6.5 2.25 -17.8 1.37 35.4 -9.0 AIRPORT 8.40 8.47 0.8% Sell 13,937 1.06 35.0 39.9 24.0 21.0 1.8 2.0 9.50 -11.6 6.60 27.3 0.2 Freight & Tankers PTRANS 0.19 0.44 131.6% Buy 270 0.78 2.9 3.5 6.6 5.5 5.3 6.4 0.32 -39.7 0.19 0.0 -19.1 TNLOGIS 0.53 0.77 46.7% Buy 236 0.60 -1.2 3.8 na 14.0 0.0 0.0 1.04 -49.5 0.42 25.0 -28.6 WPRTS 4.00 3.83 -4.3% Sell 13,640 0.78 21.3 22.9 18.8 17.5 4.0 4.3 4.15 -3.6 3.29 21.6 10.5 SNAPSHOT OF FOREIGN STOCKS UNDER COVERAGE Company Share Price Target Price (S$) (S$) % upside Recom Market Cap. (S$m) Beta EPS (cent) FY19 PER (X) FY20 FY19 FY20 Div Yield (%) FY19 FY20 52week 52week % Chg High Price % Chg Low Price % Chg YTD BANKS & FINANCIAL SERVICES DBS 24.70 27.80 12.6% Hold 63,113 1.24 240.8 249.1 10.3 9.9 4.9 5.1 28.6 -13.8 22.65 9.1 4.3 OCBC 10.63 12.40 16.7% Buy 45,896 1.21 113.2 118.5 9.4 9.0 4.0 4.0 12.2 -12.8 10.36 2.6 -5.6 UOB 25.04 29.90 19.4% Buy 41,772 1.25 255.4 265.1 9.8 9.4 4.8 4.8 27.8 -9.8 23.39 7.1 2.7 3.72 3.65 -1.9% Sell 23,803 0.75 26.4 29.0 14.1 12.8 2.7 3.0 4.1 -9.5 2.99 24.4 19.2 PLANTATIONS WILMAR BUY : Total return within the next 12 months exceeds required rate of return by 5%-point. HOLD : Total return within the next 12 months exceeds required rate of return by between 0-5%-point. SELL : Total return is lower than the required rate of return. Total Return is defined as expected share price appreciation plus gross dividend over the next 12 months. Gross dividend is excluded from total return if dividend discount model valuation is used to avoid double counting. Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium.
13. Technical View Monday , August 19, 2019 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Outlook FBM KLCI: 1,599.22 (-15.83, -0.98%) Chartist : Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Oversold Rebound Likely as Recession Fears Dissipate The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) slumped for a sixth straight week to a three-month low in volatile trade, with the adverse impact from the US market correction and weak ringgit aggravating falls on banks. A mid-week rebound on news the US delayed tariffs on selected Chinese imports stalled, as renewed recession fears sparked by an inverted U.S. bond yield curve forced investors to sideline amid cautious sideways trade ahead of the weekend. For the sixth consecutive week, the FBM KLCI declined, falling 15.83 points, or 0.98 percent to 1,599.22, as losses in Public Bank (-72sen), Petronas Chemicals (-24sen), Tenaga (-14sen) and Maybank (-9sen) overshadowed gains in Dialog (+12sen) and CIMB (+3sen). Average daily traded volume and value shrank further to 2.08 billion shares and RM1.66 billion, compared to the 2.49 billion shares and RM2.02 billion average the previous week, as more investors were sidelined given the adverse external sentiment and high market volatility. Bursa Malaysia shares slumped on Tuesday, copying losses on regional peers with the overnight fall on Wall Street and weakening yuan and ringgit currency aggravating falls on banks. The FBM KLCI tumbled 22.17 points or 1.37% to settle at 1,592.88, off an opening high of 1,615.24 and low of 1,591.29, as losers trashed gainers 744 to 173 on total turnover of 2.19bn shares worth RM1.69bn. The local market edged higher the next day in line with regional performance, aided by the overnight rebound on Wall Street after the US delayed tariffs on selected Chinese imports. The FBM KLCI rose 7.43 points to end at 1,600.31, after moving between early low of 1,596.82 and high of 1,603.04, as gainers led losers 450 to 319 on better turnover of 2.4bn shares worth RM1.65bn. Late buying interest from local funds lifted the local benchmark to close off earlier lows on Thursday, but the broader market stayed weak in tandem with key regional markets following the sharp losses on Wall Street overnight as an inverted U.S. bond yield curve sent a flashing warning to investors about rising recession risks. The KLCI ended flat at 1,600.29 (-0.02), off an early low of 1,581.26, as losers thrashed gainers 616 to 229 on weaker turnover of 1.94bn shares worth RM1.85bn. Stocks were stuck in lack luster sideways trade ahead of the weekend, dampened by lingering worries over a global economic recession given the weaker data from China to Germany and escalation in US-China trade war. On Friday, the index closed down 1.07 points at 1,599.22, off an early low of 1,590.18 and high of 1,600.17, as gainers edged losers 390 to 325 on cautious trade totaling 1.78bn shares worth RM1.44bn. Trading range for the local blue-chip benchmark index last week remained wide at 33.98 points, compared to the 32.7 points range the previous week, as high volatility persisted as it bounced back from a fresh three-month low. For the week, the FBM-EMAS Index slipped 132.22 points, or 1.16 percent to 11,308.11, while the FBM-Small Cap Index lost 234.05 points, or 1.77 percent to 12,967.21. Page 1 of 3
14. 19-Aug-19 Following last week ’s rebound from a three-month low, the daily slow stochastics and 14day Relative Strength Index (RSI) indicators for the FBM KLCI recovered from oversold territory again (Chart 1), but weekly indicators still extended their decline to sustain bearish momentum signals. Chart 1 On trend indicators, the daily Moving Average Convergence Divergence (MACD) dug deeper into bearish territory, while the weekly MACD signal line sparked a fresh sell signal, implying a negative trend ahead. The –DI and +DI lines on the 14-day Directional Movement Index (DMI) trend indicator expanded further, with the ADX line in trending mode suggesting strengthening of the current down-trend. Chart 2 Page 2 of 3
15. 19-Aug-19 Conclusion While daily and weekly trend indicators on the FBM KLCI have yet to reverse their bearish signals following last week ’s rebound from a fresh three-month low, daily momentum indicators which showed good oversold rebound potential offer some hope for recovery early this week. Moreover, last Friday’s Wall Street comeback which followed a rebound in US bond yields eased fears of a recession, tied to a report that Germany would issue more debt to stimulate the domestic economy, should aid recovery in global equities early this week. In addition, hopes that China may meet the US halfway to secure a trade deal should also lessen jittery sentiment and ease a potential escalation of trade war tensions. On the index, overhead resistance from the falling 10-day moving average at 1,611, needs to be overcome for a test of stronger resistance from the 100-day ma at 1,642, with tougher hurdle seen from the 76.4%FR (1,665) of the rally from 1,572 low (14/5/19) to the recent 1,694 high (2/7/19). Crucial chart supports are from the recent pivot lows of 1,581 (15/8/19) and 1,572 (14/5/19), while a confirmed breakdown could aim for next key supports at 1,543/1,525, the 123.6%/138.2% Fibonacci Projection (FP) levels. Stocks wise, blue chips should trade sideways pending confirmation of improvement in external sentiment, as doubts over impact from the US-China trade tariffs on global trade would continue to sideline investors. Meantime, oil & gas related stocks should remain in correction mode pending recovery in global crude oil prices ahead. Chart 3 Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, August 19, 2019, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 3 of 3
16. RESULTS UPDATE www .bursamids.com Monday, August 19, 2019 Sector: Technology : THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* TP: RM0.77 (-13.5%) Elsoft Research Berhad Last Traded: RM0.89 Earnings Missed on Weaker-Than-Expected-Demand Wilson Loo, CFA Tel: +603-2167 9606 SELL wilsonloo@ta.com.my Review Elsoft reported 2QFY19 core net profit of RM6.2mn (+22.6%QoQ, -46.1% YoY). This brought 1HFY19’s core net profit to RM11.2mn (-43.0%), which came below our estimates at 38.7%. The miss was due to weaker-than-expected demand for the group’s automated test equipment, which we believe was due to customers cutting back on capex against the backdrop of the trade war. In view of the prevailing headwind, we now expect a similarly weak 2HFY19. A second interim dividend of 1.0sen/share (-20%) was declared. YTD’s of 2.0sen/share (-4.0%) represents a payout of 119.8% and conforms to the group’s dividend payout policy of at least 40%. www.taonline.com.my Stock Return Information KLCI 1,599.2 Expected Share Price Return (%) -13.5 Expected Dividend Return (%) 4.6 Expected Total Return (%) -8.9 Share Information Bloomberg Code ELSR MK Stock Code 0090 Listing Main Market Issued Share (mn) 667.0 Market Cap (RMmn) 593.6 52-wk Hi/Lo (RM) 1.50/0.77 Estimated Free Float (%) 20.8 Beta (x) 0.7 3-Month Average Volume ('000) We are comfortable with the generous dividend payout of >100% despite Elsoft’s weaker financial performance as it possesses a robust balance sheet with its net cash position (including other investments) of RM63.2mn or 9.5sen/share. YoY. 1HFY19’s revenue and core net profit declined 44.8% and 43.0% to RM22.4mn and RM11.2mn. This was attributed to lower demand for automated test equipment. Despite the lower demand, profitability remained robust with EBITDA and core net profit margins at 52.6% (+3.4pp) and 49.8% (+1.6pp) with the improvement contributed by higher investment income and lower administrative expenses. QoQ. 2QFY19’s revenue and core net profit increased 22.0% QoQ and 22.6% QoQ to RM12.3mn and RM6.2mn driven by the automotive segment. Impact We have cut our FY19/FY20/YF21 earnings estimates by 13.8%/4.1%/4.7% to RM24.9mn/RM33.5mn/RM35.7mn upon lowering our sales assumptions. 1,343.9 Top 3 Shareholders (%) Cheik Eaik Tan 24.2 Ai Jiew Tan 12.8 Kim Chiew Koay 11.4 Share Performance (%) Elsoft FBM KLCI 1 mth (2.2) (3.6) 3 mth 6.6 (0.4) 12 mth (33.0) (10.3) Price Change Financial Info FY19 FY20 Net Cash Net Cash ROA (%) 18.7 23.4 ROE (%) 22.7 28.8 NTA/Share (RM) 0.2 0.2 Price/NTA (x) 5.3 5.0 Debt to Equity Ratio Scorecard % of FY Outlook We expect Elsoft’s FY19 financial performance to moderate with revenue and net profit to decline 37.1% and 36.6%. Of note, this follows the record high top and bottom line achieved in FY18, which was largely driven by higher demand for the group’s smart devices LED flash tester to cater to the improved flash LED modules within the new smartphone product line of a major smartphone brand in 2018. On top of that, we also expect the ongoing trade war to weigh on fab equipment spending. SEMI forecasts global sales of semiconductor test equipment in 2019 to decline 16.4% to US$4.7bn. On a brighter note, the group has new products developed and under development including those within the automotive (headlamp tester), smart devices (LED flash tester) and medical segment (embedded controllers). However, we only expect demand to pick up towards FY20 as they are vs. TA vs. Consensus 38.7 Below - - (12-Mth) Share Price relative to the FBMKLCI Source: Bloomberg Page 1 of 3
17. 19-Aug-19 progressively qualified and accepted by customers . Valuation & Recommendation Corresponding to the earnings cut, our TP for Elsoft is lowered to RM0.77/share (previously RM0.80/share) based on an unchanged of 15.0x against CY20 EPS which is slightly below the stock’s 5-year mean of 16.9x. Reiterate Sell as we opine the stock is fairly valued at current levels. Key downside risks include poor acceptance of new products. Table 1: Earnings Summary (RMmn) FYE Dec Revenue EBITDA EBITDA margin (%) Dep. & amortisation EBIT Finance income Finance costs JV/Associates EI PBT Taxation MI PAT Core PAT EPS (sen) EPS growth (%) PER (x) DPS (sen) Dividend yield (%) FY17 64.3 31.7 49.2 (0.6) 31.1 0.1 0.0 (0.9) 0.1 30.3 (0.5) 0.0 29.8 29.8 4.5 (2.2) 19.6 3.3 3.8 FY18 78.2 40.7 52.0 (0.6) 40.0 0.6 0.0 (1.0) 0.7 40.3 (0.3) 0.0 39.9 39.3 6.0 31.8 14.8 4.6 5.2 FY19F 49.1 25.5 51.9 (0.9) 24.6 0.4 0.0 0.2 0.0 25.1 (0.3) 0.0 24.9 24.9 3.8 (36.6) 23.4 4.0 4.5 FY20F 65.9 34.1 51.7 (0.9) 33.2 0.5 0.0 0.2 0.0 33.9 (0.3) 0.0 33.5 33.5 5.1 34.8 17.4 4.1 4.6 Figure 1: Forward PE FY21F 69.7 36.0 51.7 (0.9) 35.1 0.6 0.0 0.3 0.0 36.0 (0.4) 0.0 35.7 35.7 5.4 6.4 16.3 4.3 4.9 Figure 2: Forward PB x x 35.0 10.0 9.0 30.0 8.0 25.0 +1sd: 23.4x 7.0 +1sd: 6.5x 6.0 20.0 Mean: 16.9x Mean: 4.9x 5.0 15.0 4.0 3.0 10.0 -1sd: 10.5x -1sd: 3.2x 2.0 5.0 1.0 Jun-19 Mar-19 Dec-18 Jun-18 Sep-18 Mar-18 Dec-17 Jun-17 Sep-17 Mar-17 Dec-16 Jun-16 Sep-16 Mar-16 Dec-15 Jun-15 Sep-15 Mar-15 Sep-14 Jun-19 Mar-19 Dec-18 Jun-18 Sep-18 Mar-18 Dec-17 Jun-17 Sep-17 Mar-17 Dec-16 Jun-16 Sep-16 Mar-16 Dec-15 Jun-15 Sep-15 Mar-15 Sep-14 Dec-14 Source: Bloomberg, TA Securities Dec-14 0.0 0.0 Source: Bloomberg, TA Securities Page 2 of 3
18. 19-Aug-19 Table 2 : 1HFY19 Results Analysis (RMmn) Revenue EBITDA Dep. & amortisation EBIT Finance cost Finance income Associate EI PBT Tax MI PAT Core PAT EPS (sen) DPS (sen) Profitability ratio (%) EBITDA margin EBIT margin PBT margin Tax rate Core PAT 2QFY18 24.2 11.7 (0.2) 11.5 0.0 0.1 (0.1) 0.6 12.1 (0.1) 0.0 12.0 11.4 1QFY19 10.1 5.4 (0.2) 5.2 0.0 0.1 (0.1) (0.1) 5.0 (0.1) 0.0 4.9 5.0 2QFY19 12.3 6.4 (0.3) 6.2 0.0 0.0 0.1 0.1 6.4 (0.1) 0.0 6.3 6.2 QoQ (%) 22.0 19.5 67.1 18.0 nm (50.6) (164.6) (197.7) 27.8 0.0 nm 28.6 22.6 YoY (%) (48.9) (44.9) 81.5 (46.5) nm (70.7) (167.4) (77.9) (46.9) 50.0 nm (47.6) (46.1) 1HFY18 40.6 20.0 (0.3) 19.7 0.0 0.1 (0.1) 0.5 20.3 (0.2) 0.0 20.1 19.6 1HFY19 22.4 11.8 (0.4) 11.4 0.0 0.1 (0.1) (0.0) 11.4 (0.3) 0.0 11.2 11.2 YoY (%) (44.8) (40.9) 49.5 (42.3) (20.3) (26.1) (100.6) (43.6) 50.9 nm (44.4) (43.0) 1.8 1.3 0.7 1.0 0.9 1.0 28.8 0.0 (48.1) (20.0) 3.0 2.1 1.7 2.0 (45.0) (4.0) 48.3 47.7 50.1 0.7 47.3 53.3 51.6 49.7 2.6 49.7 52.2 49.9 52.1 2.1 49.9 pp (1.1) (1.7) 2.4 (0.6) 0.2 pp 3.8 2.2 2.0 1.3 2.6 49.2 48.5 49.9 0.9 48.2 52.6 50.7 51.0 2.3 49.8 3.4 2.2 1.1 1.4 1.6 Stock Recommendation Guideline BUY : HOLD : SELL : Not Rated: Total return within the next 12 months exceeds required rate of return by 5%-point. Total return within the next 12 months exceeds required rate of return by between 0-5%-point. Total return is lower than the required rate of return. The company is not under coverage. The report is for information only. Total Return is defined as expected share price appreciation plus gross dividend over the next 12 months. Gross dividend is excluded from total return if dividend discount model valuation is used to avoid double counting. Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium. Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, August 19, 2019, the analyst, Wilson Loo, who prepared this report, has interest in the following securities covered in this report: (a) nil This report has been prepared by TA SECURITIES HOLDINGS BERHAD for purposes of Mid and Small Cap Research Scheme ("MidS") administered by Bursa Malaysia Berhad and will be compensated to undertake the scheme. TA SECURITIES HOLDINGS BERHAD has produced this report independent of any influence from the MidS or the subject company. For more information about MidS and other research reports, please visit Bursa Malaysia’s website at: www.bursamids.com Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 3 of 3
19. ECONOMIC UPDATE Monday , August 19, 2019 FBMKLCI: 1,599.22 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Malaysian Economy Stronger 2Q19 GDP but Uncertainties Remain Going Forward Shazma Juliana Abu Bakar Farid Burhanuddin Tel: +603-2167 9608 Tel: +603-2167 9220 shazma@ta.com.my farid@ta.com.my www.taonline.com.my 2Q19 GDP Review Despite the challenging external environment, the Malaysian economy remained resilient in the second quarter of this year as the real GDP grew by stronger than expected 4.9% YoY to RM348.8bn. That was above the 4.5% YoY growth rate registered in the 1Q19 and ours and consensus projection of 4.7% YoY gain. On a sequential basis, GDP rose by 2.1% QoQ, as compared to 4.3% contraction seen in the first quarter. The better performance was driven by strong private sector expenditure, recovery in commodity output as well as higher net exports. Details showed aggregate domestic demand improved slightly by 0.2% points to +4.6% YoY during the quarter (1Q19: +4.4% YoY) owing to higher growth of private consumption (2Q19: +7.8% YoY; 1Q19: +7.6% YoY). Gross fixed capital formation is still in a contraction phase but at a more moderate pace of -0.6% annual rate while net exports improved by 23% YoY underpinned by steady export growth and larger decline seen in import segment. On the supply side, all segments posted growth. Figure 1: Real GDP Growth (1Q16 – 2Q19) Source: DOSM, TA Securities Page 1 of 5
20. 19-Aug-19 Snapshots of 2Q19 GDP (by Demand Side) Aggregate Domestic Demand (ADD) Private Consumption Public Consumption Private and Public Investment Net Exports Exports Imports ADD increased by 4.6% YoY to RM329.2bn, as compared with +4.4% previously. This was supported by higher growth of private spending, a still steady growth for private investment, and lesser pace of decline for public investment. Private consumption (58.3% of GDP) accelerated to 7.8% YoY to RM203.4bn in 2Q19, up from +7.6% YoY in 1Q19. This mainly contributed by continued income growth and festive spending during the quarter. Selected Government measures, such as the special Aidilfitri assistance and Bantuan Sara Hidup, also provided some lift to overall household spending. The growth was also underpinned by higher consumption on food & non-alcoholic beverages, transport and restaurants & hotels. On top of that, 25 basis point cut on the Overnight Policy Rate by the central bank has spurred the domestic economy. Both MIER Consumer Sentiment Index (CSI) and Business Condition Index (BCI) continued to hover below the 100-threshold line in 2Q19. Nevertheless, CSI improved to 93 points, from 85.6 points recorded in the previous quarter. This was underpinned by consumers’ assessment of their current financial situation, particularly their income and employment expectation in the near future. Meanwhile, BSI for the same period fell marginally to 94.2 points from 94.3 points in 1Q19. After a resilient growth in the previous quarter, public consumption (11.3% of GDP) expanded marginally by 0.3% YoY to RM39.5bn, due to lower spending on supplies and services. Growth in private investment (19.6% of GDP) rose at a faster pace of 1.8% YoY to RM68.5bn in the second quarter vs. marginal growth of 0.4% YoY in 1Q19, attributed to the increase capital spending in the services and manufacturing sectors. Nonetheless, uncertainty surrounding global trade tensions and prevailing weaknesses in the broad property segment continued to weigh on the investment growth performance. Public investment (5.1% of GDP) still hovering in negative territory but at a lesser pace of 9.0% YoY to RM17.8bn, as compared with double digit rate of -13.2% YoY previously. The improvement mainly from higher fixed asset spending by the Federal Government, which partially offset the continued weak investment by public corporations. As a result, Gross Fixed Capital Formation (GFCF) contracted by 0.6% YoY to RM86.3bn (1Q19: -3.5% YoY). This also due to a rebound of investments in structures (2Q19: +1.2% YoY; 1Q19: -1.3% YoY), reflecting some improvement in the residential property segment. Capital expenditure on machinery and equipment recorded a smaller decline of 4.2% YoY (1Q19: -7.4% YoY), following higher spending on information and communications technology (ICT). Net exports (6.9% of GDP) continued to increase by double-digit growth of 22.9% YoY in the second quarter, higher than 10.9% YoY gain 1Q19, due to higher contraction of imports segment. In term of absolute value, net exports registered a total surplus of RM24.2n during the quarter (1Q19: RM29.8bn). Total exports (64.3% of GDP) increased marginally by 0.1% YoY in 2Q19, the same pace in the previous quarter to RM224.4bn, due to higher exports of services (+1.0% YoY) but mitigated by the decline of 0.1% YoY increase in exports of goods. In the meantime, total imports (57.4% of GDP) declined further by 2.1% YoY to RM200.2bn as compared with 1.4% YoY contraction previously. Namely, both imports of goods and services declined by 1.5% and 4.8% YoY, respectively. Figure 2: Real GDP Summary by Expenditure Side (1Q18 – 2Q19) Demand Side (% YoY) Private expenditure Government expenditure Gross fixed capital formation Public Private Net Exports Exports Imports GDP 1Q18 6.6% 0.4% 0.4% -1.3% 1.1% 58.0% 2.4% -2.3% 5.3% 2Q18 7.9% 3.1% 1.6% -9.9% 5.5% -6.0% 2.6% 3.6% 4.5% 3Q18 8.9% 5.2% 2.8% -2.7% 5.0% -9.4% 0.7% 2.0% 4.4% 4Q18 8.4% 4.0% 0.6% -5.9% 5.8% 15.5% 3.1% 1.8% 4.7% 1Q19 7.6% 6.3% -3.5% -13.2% 0.4% 10.9% 0.1% -1.4% 4.5% 2Q19 7.8% 0.3% -0.6% -9.0% 1.8% 22.9% 0.1% -2.1% 4.9% Source: DOSM, TA Securities Page 2 of 5
21. 19-Aug-19 Agriculture Mining & Quarrying Manufacturing Construction Services Snapshots of 2Q19 GDP (by Supply Side) Agriculture sector (6.9% of GDP) increased by 4.2% YoY to RM24.2bn, slower from 5.6% YoY gain in 1Q19. This was underpinned by decline in forestry & logging at 5.7% YoY (1Q19: +2.9% YoY) as well as the moderation in natural rubber output growth due to the wintering season (2Q19: +2.1% YoY; 1Q19: +12.0% YoY). Meanwhile, production of oil palm and livestock rose by 9.5% YoY and 6.1% YoY, respectively. Mining and quarrying (7.5% of GDP) rebounded to a positive territory in the 2Q19, after registering six consecutive quarters of contraction. Growth was stronger at +2.9% YoY to RM26bn vs. 1Q19’s -2.1% YoY. The turnaround was supported mainly by the recovery in natural gas output following the pipeline disruptions in 2018. This had more than offset the continued drag to growth posed by lower oil production amid the planned facility shutdowns in East Malaysia. Production of natural gas increased by 9.4% YoY (1Q19: -0.5% YoY). Manufacturing sector (22.7% of GDP) posted a better growth of 4.3% YoY to RM79bn in 2Q19 (1Q19: +4.2% YoY). The performance of this sector was bolstered by export-oriented industries namely electrical, electronic & optical products, which expanded to 4.1% YoY (1Q19: +3.8% YoY). Furthermore, petroleum, chemical, rubber & plastic products increased to 3.3% YoY as compared with 1Q19’s +3.1% - spurred by refined petroleum and chemical products. Meanwhile, domestic-oriented industries were contributed by transport equipment, other manufacturing and repair with a growth of 6.4% YoY (Q1 2019: +6.5% YoY) led by motor vehicles and transport equipment. Construction sector (4.6% of GDP) grew marginally at 0.5% YoY to RM16.1bn, but faster from 0.3% YoY recorded in the preceding quarter. The momentum of this sector was led by civil engineering, which grew at 5.4% YoY driven by projects related to transportation and utilities. Moreover, specialised construction activities increased to 4.7% YoY in this quarter. On the contrary, the residential subsector registered a smaller contraction of 1.1% YoY (1Q19: -7.2% YoY) as activity remained weak amid the high unsold properties. On top of that, the nonresidential subsector remained feeble amid the oversupply of commercial properties (2Q19: -9.1% YoY; 1Q19: -4.0% YoY). Growth of the services sector (57.2% of GDP) remained healthy at 6.1% YoY to RM199.5bn in 2Q19, albeit moderating from 1Q19’s +6.4% YoY. Breakdown showed softer growth in the wholesale and retail trade of 6.7% YoY. Information & communication grew 6.3% YoY (1Q19: +7.2% YoY) due to the moderation in all segments. Meanwhile, food & beverage and accommodation remained favourable by posting 9.4% YoY gain in this quarter. Figure 3: Quarterly Real GDP Summary by Supply Side (1Q18 – 2Q19) Supply Side (% YoY) Agriculture Mining and quarrying Manufacturing Construction Services GDP 1Q18 3.1% -0.6% 5.2% 4.9% 6.5% 5.3% 2Q18 -1.7% -3.4% 4.9% 4.8% 6.5% 4.5% 3Q18 -0.8% -5.7% 5.0% 4.7% 7.3% 4.4% 4Q18 -0.1% -0.7% 4.7% 2.6% 6.9% 4.7% 1Q19 5.6% -2.1% 4.2% 0.3% 6.4% 4.5% 2Q19 4.2% 2.9% 4.3% 0.5% 6.1% 4.9% Source: DOSM, TA Securities Page 3 of 5
22. 19-Aug-19 Outlook With risks remains to the downside , we foresee growth to remain moderate at below 5.0% level in the quarters ahead, with 2H19 GDP to grow by 4.6% YoY (1H19: +4.7% YoY). We are maintaining our 2019 real GDP forecast of 4.6% YoY. There are doubts about the sustainability of GDP growth going forward given the intensifying global downside risks tied to trade tensions between major countries as a full blown trade war will post a major negative shock to the global economy and also Malaysia, principally via the trade channel with knock down effects on financial and currency markets. On top of that, slower Chinese economy and the higher possibility of a no-deal Brexit will probably contribute to the global slowdown, which could spill over into the domestic sector. The recent updates saw China renewed its vow to retaliate against planned U.S. tariffs slated to take effect in the coming weeks, though it didn’t specify how it would hit back. The brief message, issued by the State Council’s Customs Tariff Commission, came in spite of President Trump’s surprise statement that he would postpone imposition of some of the planned tariffs on US$300bn of Chinese goods. Unfavourable July 2019 PMI Manufacturing data is currently pointing to a challenging business environment as softer demand has put further pressure on production and deterred firms from increasing the workforces. Moreover, the leading index, which monitors the economic direction in an average of four to six months ahead, showed a monthly negative growth of 1.7% in May, mainly dragged by expected sales value in manufacturing sector. The 3-month moving average trend is still -0.6% YoY. On a month basis it contracted by 1.7% to 117.9 points in May from 119.9 points in April 2019. Despite that, we believe that Bank Negara Malaysia will not cut OPR in the next MPC meeting on 12 September 2019. Indeed, the central bank did not have any pressing reason to reduce the rate as it has been cut by 25bps to 3.00% last May. We opine that the current policy rate is appropriate given the current outlook for inflation and growth. This also premised on two consecutive quarters of growth above its potential output. According to BNM Governor, any decision should be data dependant and also subject to short-term volatilities. Current account to GNI at 3.9% in 2Q19 At the same time, Malaysia’s current account surplus eased to RM14.3bn in the second quarter of 2019 (3.9% of GNI) as compared RM16.4bn in previous quarter. This was due to higher investment income earned by Malaysian firms abroad, which partly offset the lower goods surplus. As the improvement in import growth outpaced export growth, the goods surplus narrowed to RM28.1bn vs. 1Q19’s RM33.8bn. Meanwhile, financial account posted a net outflow of RM18.6bn (1Q19: net outflow RM13.8bn). The capital account registered a deficit of RM12.5mn largely supported by lower inflow of acquisitions/ disposals of non-produced non-financial assets at RM4.5mn (1Q19: net outflow RM11.8mn). Page 4 of 5
23. 19-Aug-19 Figure 9 : Balance of Payments Summary (1Q18 – 2Q19) RMbn Current Account Goods and Services Primary Income Secondary Income Capital Account Financial Account Direct Investment Portfolio Investment Overall Balance of Payment (BOP) Gross National Income % of GNI 2018 30.6 101.5 -51.6 -19.3 -0.1 18.6 11.3 -44.4 1Q18 13.6 28.6 -10.4 -4.6 0.0 11.9 9.2 -1.5 2Q18 2.8 20.3 -12.8 -4.8 0.0 10.5 -0.5 -37.9 3Q18 3.3 23.5 -15.5 -4.6 0.0 2.3 0.5 0.8 4Q18 10.8 29.0 -12.9 -5.2 0.0 -6.1 2.1 -5.8 1Q19 16.4 32.0 -10.1 -5.5 0.0 -13.8 16.3 2.1 2Q19 14.3 24.7 -5.5 -4.9 0.0 -18.6 -8.2 -10.2 -7.8 1,395.0 2.2% -18.2 336.4 4.0% 0.9 340.6 0.8% 3.4 351.9 0.9% 6.1 366.5 3.0% -5.5 351.9 4.7% 1.4 365.5 3.9% Source: DOSM, TA Securities Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 5 of 5
24. Monday , 19 August, 2019 TA RESEARCH’S ‘DAILY COMPILED REPORTS’ For Internal Circulation Only L oc al Te ch n ic al R ep o r ts 1. Weekly Technical Stock Watch 2. Daily Money Flow of Technical Stock Watch 3. Technical Stock Watch a. FBMKLCI 4. Weekly Ace Market Stock Watch 5. Weekly Small Cap Stock Watch 6. Weekly Stock Screen Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my
25. Technical View Monday , August 19, 2019 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Malaysia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my AMBANK (1015) RM3.91 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 4.42 4.17 3.91 10-day 30-day 50-day RM RM RM DMI SELL Recent Signal Signal Change GAMUDA (5398) RM RM RM SELL RM3.68 BOLLINGER BANDS SIMPLE MOVING AVERAGES 3.92 3.76 3.59 10-day 30-day 50-day DMI Recent Signal Signal Change 4.06 4.23 4.29 DAILY MACD Recent Signal Signal Change Upper Middle Lower www.taonline.com.my RM RM RM 3.71 3.81 3.72 DAILY MACD SELL Recent Signal Signal Change SELL Page 1 of 10
26. 19-Aug-19 GENTING (3182) RM6.00 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 7.21 6.57 5.92 10-day 30-day 50-day RM RM RM DMI DAILY MACD Recent Signal Signal Change SELL Recent Signal Signal Change GENM (4715) RM RM RM SIMPLE MOVING AVERAGES 4.03 3.48 2.94 10-day 30-day 50-day DMI Recent Signal Signal Change SELL RM3.08 BOLLINGER BANDS Upper Middle Lower 6.36 6.61 6.63 RM RM RM 3.37 3.43 3.36 DAILY MACD SELL Recent Signal Signal Change SELL Page 2 of 10
27. 19-Aug-19 IHH (5225) RM5.69 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 5.81 5.73 5.65 10-day 30-day 50-day RM RM RM DMI DAILY MACD Recent Signal Signal Change SELL Recent Signal Signal Change RHB BANK (1066) RM RM RM SIMPLE MOVING AVERAGES 5.78 5.58 5.37 10-day 30-day 50-day DMI Recent Signal Signal Change SELL RM5.48 BOLLINGER BANDS Upper Middle Lower 5.71 5.76 5.73 RM RM RM 5.51 5.63 5.65 DAILY MACD SELL Recent Signal Signal Change BUY Page 3 of 10
28. 19-Aug-19 GLOBETRONICS (7022) RM1.71 BOLLINGER BANDS Upper Middle Lower RM RM RM Recent Signal Signal Change SIMPLE MOVING AVERAGES 1.86 1.75 1.64 SELL 10-day 30-day 50-day RM RM RM DAILY MACD Recent Signal Signal Change INARI (0166) RM RM RM SIMPLE MOVING AVERAGES 1.70 1.61 1.51 10-day 30-day 50-day DMI Recent Signal Signal Change SELL RM1.60 BOLLINGER BANDS Upper Middle Lower 1.70 1.76 1.70 RM RM RM 1.57 1.62 1.59 DAILY MACD SELL Recent Signal Signal Change SELL Page 4 of 10
29. 19-Aug-19 Close Name 16 /Aug FBMKLCI 1599.22 Change High Low (1.07) 1,600.17 1,590.18 Bollinger Bands Lower Mid RSI Upper 14d Moving Averages 10d 30d DMI 50d 1,586.87 1,631.38 1,675.88 31.81 1,611.73 1,647.24 1,653.35 MACD DI + DI - ADX 7.45 45.80 48.67 Diff Line DMI MACD DMI MACD Signal Diff Recent Signal Signal Change (38.35) (16.33) (12.73) (3.60) SELL SELL - - AFFIN 1.97 0.01 1.97 1.94 1.96 2.02 2.09 27.00 2.00 2.05 2.07 10.54 34.62 27.68 (24.08) -0.03 -0.03 (0.00) SELL SELL - - ABMB 3.25 -0.05 3.32 3.25 3.26 3.56 3.86 25.91 3.43 3.63 3.69 4.88 40.27 44.41 (35.40) -0.11 -0.08 (0.03) SELL SELL - - AMBANK 3.91 -0.03 3.97 3.90 3.91 4.17 4.42 26.94 4.06 4.23 4.29 10.19 31.68 37.30 (21.49) -0.09 -0.07 (0.02) SELL SELL - - AXIATA 5.02 0.02 5.04 4.92 4.86 5.03 5.19 49.59 4.96 5.08 5.00 14.21 23.79 25.21 (9.58) -0.02 0.00 (0.01) SELL SELL - - CIMB 5.07 0.02 5.07 5.03 4.98 5.11 5.23 39.91 5.06 5.17 5.23 15.53 20.21 23.47 (4.69) -0.05 -0.05 (0.00) SELL SELL - - DIGI 5.02 0.03 5.02 4.95 4.93 4.98 5.03 51.10 4.99 5.00 4.98 13.74 32.56 26.89 (18.81) 0.01 0.01 (0.00) SELL SELL - - GAMUDA 3.68 -0.02 3.71 3.63 3.59 3.76 3.92 46.90 3.71 3.81 3.72 11.74 31.40 28.60 (19.66) -0.02 0.00 (0.01) SELL SELL - - GENTING 6.00 -0.04 6.09 5.99 5.92 6.57 7.21 26.62 6.36 6.61 6.63 11.76 39.99 29.70 (28.24) -0.17 -0.08 (0.09) SELL SELL - - GENM 3.08 0.01 3.13 3.05 2.94 3.48 4.03 32.35 3.37 3.43 3.36 16.51 42.16 36.69 (25.65) -0.06 0.02 (0.08) SELL SELL - - IHH 5.69 0.01 5.69 5.60 5.65 5.73 5.81 44.20 5.71 5.76 5.73 14.74 22.30 11.13 (7.56) -0.01 0.00 (0.01) SELL SELL - - IOICORP 4.23 0.00 4.27 4.18 4.15 4.21 4.27 51.33 4.20 4.22 4.24 21.00 23.64 14.68 (2.64) -0.01 -0.01 0.00 SELL BUY MALAKOFF 0.88 0.03 0.89 0.85 0.85 0.89 0.92 38.96 0.87 0.88 0.87 18.54 28.49 17.66 (9.95) -0.02 -0.02 (0.00) SELL SELL - - MAXIS 5.45 -0.01 5.45 5.39 5.29 5.55 5.80 44.68 5.44 5.59 5.60 9.80 21.40 26.26 (11.60) -0.06 -0.05 (0.02) SELL SELL - - MAYBANK 8.51 -0.04 8.57 8.50 8.48 8.70 8.91 26.75 8.60 8.78 8.85 8.80 31.93 59.16 (23.13) -0.09 -0.08 (0.01) SELL SELL - - MBSB 0.83 0.01 0.84 0.83 0.83 0.87 0.92 18.36 0.85 0.88 0.91 8.52 30.03 47.17 (21.51) -0.02 -0.02 (0.00) SELL SELL - - RHBBANK 5.48 -0.04 5.53 5.45 5.37 5.58 5.78 44.88 5.51 5.63 5.65 13.83 26.85 25.20 (13.03) -0.04 -0.05 0.00 SELL BUY - - SIME 2.16 -0.01 2.18 2.14 2.12 2.18 2.24 44.28 2.16 2.22 2.25 14.07 17.78 18.59 (3.71) -0.03 -0.03 0.00 SELL BUY - - 13.68 -0.04 13.72 13.62 13.46 13.73 14.00 51.06 13.80 13.77 13.56 14.33 21.21 12.10 (6.89) 0.05 0.09 (0.04) SELL SELL - - TM 4.05 -0.04 4.10 4.05 3.81 4.19 4.58 47.85 4.06 4.25 4.09 18.31 34.08 31.58 (15.77) -0.01 0.01 (0.03) SELL SELL - - WPRTS 4.00 0.00 4.01 3.97 3.88 3.98 4.07 53.51 3.98 3.97 3.94 25.03 16.65 37.59 8.38 0.01 0.02 (0.00) BUY SELL - - AEMULUS 0.29 -0.01 0.30 0.29 0.25 0.29 0.32 55.36 0.28 0.28 0.25 27.09 26.54 26.40 0.56 0.01 0.01 (0.00) BUY SELL - - ARMADA 0.22 0.01 0.22 0.21 0.21 0.23 0.24 43.69 0.22 0.23 0.22 14.84 22.38 29.27 (7.54) 0.00 0.00 (0.00) SELL SELL - - DIALOG 3.53 0.01 3.53 3.50 3.35 3.45 3.55 62.59 3.43 3.43 3.37 25.80 14.59 28.10 11.22 0.02 0.02 0.00 BUY BUY - BUY - TENAGA - DNEX 0.26 0.00 0.26 0.25 0.25 0.27 0.29 39.47 0.26 0.28 0.27 17.68 28.17 18.48 (10.48) 0.00 0.00 (0.00) SELL SELL - FGV 1.05 -0.01 1.08 1.05 1.03 1.08 1.14 42.56 1.07 1.10 1.12 20.63 24.08 14.93 (3.44) -0.01 -0.02 0.00 SELL BUY SELL - GADANG 0.74 -0.01 0.74 0.74 0.69 0.82 0.96 32.26 0.76 0.85 0.86 10.87 41.15 39.39 (30.28) -0.04 -0.03 (0.01) SELL SELL - - GLOBETRONICS 1.71 0.00 1.72 1.70 1.64 1.75 1.86 47.30 1.70 1.76 1.70 15.92 30.60 22.05 (14.68) -0.01 0.00 (0.01) SELL SELL - - HIAP TECK 0.20 0.00 0.21 0.20 0.20 0.22 0.24 23.54 0.21 0.22 0.23 7.36 30.56 33.54 (23.20) -0.01 -0.01 (0.00) SELL SELL - - HIBISCUS 0.98 0.00 0.98 0.97 0.97 1.03 1.08 32.94 1.01 1.04 1.05 15.51 30.30 16.86 (14.80) -0.02 -0.01 (0.01) SELL SELL - - INARI 1.60 0.01 1.61 1.59 1.51 1.61 1.70 49.03 1.57 1.62 1.59 18.91 31.91 20.85 (13.00) -0.01 -0.01 (0.01) SELL SELL - - MPI 8.45 0.05 8.45 8.35 8.24 8.96 9.69 24.95 8.64 9.15 9.11 14.22 36.43 24.15 (22.21) -0.23 -0.17 (0.06) SELL SELL - - MRCB 0.81 0.01 0.82 0.81 0.83 0.90 0.97 24.62 0.87 0.92 0.93 6.28 41.19 37.42 (34.91) -0.03 -0.02 (0.01) SELL SELL - - SAPURA ENERGY 0.27 0.00 0.28 0.27 0.27 0.29 0.32 23.27 0.28 0.30 0.30 10.60 23.79 23.76 (13.18) -0.01 0.00 (0.00) SELL SELL - - SKP RESOURCES 1.18 0.01 1.18 1.16 1.17 1.23 1.29 30.57 1.21 1.25 1.27 6.62 28.11 25.83 (21.49) -0.02 -0.02 (0.00) SELL SELL - - SUNCON 2.07 0.02 2.09 2.06 2.05 2.12 2.19 40.25 2.10 2.13 2.08 22.07 33.13 21.09 (11.06) 0.00 0.01 (0.01) SELL SELL SELL - UEM SUNRISE 0.72 -0.01 0.73 0.72 0.73 0.79 0.84 28.29 0.76 0.80 0.81 9.24 38.22 29.42 (28.98) -0.02 -0.02 (0.01) SELL SELL - - VELESTO 0.30 0.00 0.31 0.30 0.29 0.31 0.33 44.03 0.30 0.31 0.30 21.83 15.46 25.62 6.37 0.00 0.00 (0.00) BUY SELL - - UNISEM 2.03 0.00 2.03 2.02 2.00 2.20 2.40 17.43 2.11 2.26 2.36 18.00 44.54 24.41 (26.55) -0.09 -0.08 (0.01) SELL SELL - - VS INDS 1.14 0.02 1.15 1.11 1.08 1.16 1.24 45.21 1.13 1.17 1.13 21.67 27.05 24.83 (5.38) -0.01 0.00 (0.01) SELL SELL - - WASEONG 0.67 0.01 0.67 0.66 0.65 0.70 0.74 29.73 0.68 0.70 0.70 17.24 33.97 29.10 (16.73) -0.01 -0.01 (0.00) SELL SELL - - The table above is a compilation of actively traded stocks with some popular technical indicators. The technical BUY/SELL signals on the last four columns are auto generated; the first two being existing or recent signals while the last two represent a signal change from BUY to SELL or the reverse, otherwise no change is indicated by a dash. Stock names and technical statistics in bold highlight stocks that have changes in BUY/SELL signals on the DMI and MACD on the given date. INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 5 of 10
30. 19-Aug-19 LIST OF RECOMMENDED BUY STOCKS FROM MAY 2019 TO CURRENT Stock ABMB ABMB AEMULUS AXIATA BUMI ARMADA BUMI ARMADA BUMI ARMADA BUMI ARMADA BUMI ARMADA CIMB CIMB CIMB DIALOG DIALOG DIGI DNEX DNEX DNEX GADANG GADANG GADANG GAMUDA GENM GENM GENTING GENTING GLOBETRONICS GLOBETRONICS GLOBETRONICS GLOBETRONICS HIBISCUS HIBISCUS HIBISCUS HIBISCUS IHH HEALTHCARE INARI INARI INARI INARI IOI CORP MAYBANK MAYBANK MAYBANK MAYBANK MBSB MBSB MPI MRCB MRCB MRCB SAPURA ENERGY SAPURA ENERGY SAPURA ENERGY SAPURA ENERGY SAPURA ENERGY SIME DARBY SIME DARBY SIME DARBY SKP RESOURCES SKP RESOURCES SUNCON SUNCON SUNCON TENAGA TM UEM SUNRISE UEM SUNRISE UEM SUNRISE VELESTO VELESTO VS INDS VS INDS VS INDS WAH SEONG WAH SEONG REC Date 15-May 28-May 24-Jul 24-May 2-May 11-Jun 26-Jun 10-Jul 23-Jul 23-May 31-May 2-Aug 9-May 5-Jul 24-May 14-Jun 27-Jun 12-Jul 17-May 13-Jun 26-Jul 30-May 29-May 7-Aug 29-May 7-Aug 8-May 4-Jun 11-Jul 15-Aug 9-May 14-Jun 5-Jul 17-Jul 16-May 8-May 4-Jun 11-Jul 15-Aug 28-Jun 23-May 31-May 2-Jul 2-Aug 28-May 2-Jul 21-Jun 3-Jul 18-Jul 26-Jul 2-May 11-Jun 27-Jun 10-Jul 23-Jul 15-May 30-May 28-Jun 7-Jun 4-Jul 17-May 13-Jun 25-Jul 16-May 8-Aug 3-Jul 18-Jul 25-Jul 26-Jun 12-Jul 7-Jun 4-Jul 24-Jul 21-Jun 17-Jul Total funds invested * Total unrealised profit/(loss) Return BUY Price 3.62 3.69 0.31 4.41 0.23 0.21 0.21 0.21 0.23 5.14 5.21 5.08 3.16 3.33 4.55 0.26 0.25 0.28 0.83 0.88 0.88 3.35 3.08 3.61 6.41 6.65 1.82 1.54 1.76 1.71 1.06 1.05 1.08 1.06 5.52 1.69 1.53 1.65 1.59 4.29 8.99 9.01 8.91 8.69 0.90 0.91 9.20 0.99 0.94 0.92 0.32 0.31 0.31 0.30 0.30 2.17 2.29 2.30 1.29 1.29 1.94 2.00 2.15 11.78 4.09 0.84 0.80 0.81 0.30 0.30 0.99 1.19 1.19 0.69 0.72 16-Aug-19 Price 3.25 3.25 0.29 5.02 0.22 0.22 0.22 0.22 0.22 5.07 5.07 5.07 3.53 3.53 5.02 0.26 0.26 0.26 0.74 0.74 0.74 3.68 3.08 3.08 6.00 6.00 1.71 1.71 1.71 1.71 0.98 0.98 0.98 0.98 5.69 1.60 1.60 1.60 1.60 4.23 8.51 8.51 8.51 8.51 0.83 0.83 8.45 0.81 0.81 0.81 0.27 0.27 0.27 0.27 0.27 2.16 2.16 2.16 1.18 1.18 2.07 2.07 2.07 13.68 4.05 0.72 0.72 0.72 0.30 0.30 1.14 1.14 1.14 0.67 0.67 Change (+/-) (0.37) (0.44) (0.03) 0.61 (0.01) 0.01 0.01 0.01 (0.01) (0.07) (0.14) (0.01) 0.37 0.20 0.47 (0.01) 0.01 (0.03) (0.10) (0.15) (0.15) 0.33 0.00 (0.53) (0.41) (0.65) (0.11) 0.17 (0.05) 0.00 (0.09) (0.08) (0.11) (0.09) 0.17 (0.09) 0.07 (0.05) 0.01 (0.06) (0.48) (0.50) (0.40) (0.18) (0.07) (0.08) (0.75) (0.18) (0.13) (0.11) (0.05) (0.04) (0.04) (0.03) (0.03) (0.01) (0.13) (0.14) (0.11) (0.11) 0.13 0.07 (0.08) 1.90 (0.04) (0.13) (0.09) (0.10) 0.00 0.00 0.15 (0.05) (0.05) (0.02) (0.05) 183,550 (3,280) -1.79% % (10.22) (11.92) (8.06) 13.83 (4.35) 4.76 4.76 4.76 (4.35) (1.36) (2.69) (0.20) 11.71 6.01 10.33 (1.92) 2.00 (8.93) (11.45) (16.48) (16.48) 9.85 0.00 (14.68) (6.40) (9.77) (6.04) 11.04 (2.84) 0.00 (8.02) (7.14) (9.72) (8.02) 3.08 (5.33) 4.58 (3.03) 0.63 (1.40) (5.34) (5.55) (4.49) (2.07) (7.78) (8.79) (8.15) (18.18) (13.83) (11.96) (15.63) (12.90) (12.90) (10.00) (10.00) (0.46) (5.68) (6.09) (8.53) (8.53) 6.70 3.50 (3.72) 16.13 (0.98) (14.88) (10.63) (11.73) 0.00 0.00 15.15 (4.20) (4.20) (3.62) (7.64) Upside Targets ** MT 3.38 3.57 3.38 3.57 0.32 0.35 5.50 5.82 0.25 0.28 0.25 0.28 0.25 0.28 0.25 0.28 0.25 0.28 5.64 5.79 5.64 5.79 5.64 5.79 3.66 3.80 3.66 3.80 5.30 5.46 0.31 0.34 0.31 0.34 0.31 0.34 0.85 0.90 0.85 0.90 0.85 0.90 4.04 4.53 3.40 3.66 3.40 3.66 6.54 6.96 6.54 6.96 1.92 2.10 1.92 2.10 1.92 2.10 1.92 2.10 1.13 1.22 1.13 1.22 1.13 1.22 1.13 1.22 5.98 6.20 1.73 1.89 1.73 1.89 1.73 1.89 1.73 1.89 4.45 4.54 9.60 9.88 9.60 9.88 9.60 9.88 9.60 9.88 0.99 1.05 0.99 1.05 9.72 10.38 0.93 1.02 0.93 1.02 0.93 1.02 0.31 0.34 0.31 0.34 0.31 0.34 0.31 0.34 0.31 0.34 2.40 2.52 2.40 2.52 2.40 2.52 1.35 1.48 1.35 1.48 2.32 2.50 2.32 2.50 2.32 2.50 14.20 14.61 4.40 4.68 0.80 0.86 0.80 0.86 0.80 0.86 0.36 0.40 0.36 0.40 1.35 1.52 1.35 1.52 1.35 1.52 0.78 0.82 0.78 0.82 ST LT 3.76 3.76 0.39 6.20 0.32 0.32 0.32 0.32 0.32 5.98 5.98 5.98 3.94 3.94 5.60 0.38 0.38 0.38 0.96 0.96 0.96 4.90 3.96 3.96 7.31 7.31 2.26 2.26 2.26 2.26 1.30 1.30 1.30 1.30 6.42 2.04 2.04 2.04 2.04 4.64 10.16 10.16 10.16 10.16 1.10 1.10 11.05 1.13 1.13 1.13 0.37 0.37 0.37 0.37 0.37 2.64 2.64 2.64 1.65 1.65 2.64 2.64 2.64 14.94 5.17 0.94 0.94 0.94 0.48 0.48 1.67 1.67 1.67 0.90 0.90 ST 4.00 4.00 12.28 9.56 13.64 13.64 13.64 13.64 13.64 11.24 11.24 11.24 3.68 3.68 5.58 21.57 21.57 21.57 15.65 15.65 15.65 9.78 10.39 10.39 9.00 9.00 12.28 12.28 12.28 12.28 15.90 15.90 15.90 15.90 5.10 8.12 8.12 8.12 8.12 5.20 12.81 12.81 12.81 12.81 19.28 19.28 15.03 14.81 14.81 14.81 14.81 14.81 14.81 14.81 14.81 11.11 11.11 11.11 14.41 14.41 12.08 12.08 12.08 3.80 8.64 11.89 11.89 11.89 20.00 20.00 18.42 18.42 18.42 17.29 17.29 % Upside MT 9.85 9.85 22.81 15.94 27.27 27.27 27.27 27.27 27.27 14.20 14.20 14.20 7.65 7.65 8.76 33.33 33.33 33.33 22.45 22.45 22.45 23.10 18.83 18.83 16.00 16.00 22.81 22.81 22.81 22.81 25.13 25.13 25.13 25.13 8.96 18.13 18.13 18.13 18.13 7.33 16.10 16.10 16.10 16.10 26.51 26.51 22.84 25.93 25.93 25.93 25.93 25.93 25.93 25.93 25.93 16.67 16.67 16.67 25.42 25.42 20.77 20.77 20.77 6.80 15.56 20.28 20.28 20.28 33.33 33.33 33.33 33.33 33.33 23.31 23.31 LT 15.69 15.69 36.84 23.51 45.45 45.45 45.45 45.45 45.45 17.95 17.95 17.95 11.61 11.61 11.55 49.02 49.02 49.02 30.61 30.61 30.61 33.15 28.57 28.57 21.83 21.83 32.16 32.16 32.16 32.16 33.33 33.33 33.33 33.33 12.83 27.50 27.50 27.50 27.50 9.69 19.39 19.39 19.39 19.39 32.53 32.53 30.77 39.51 39.51 39.51 37.04 37.04 37.04 37.04 37.04 22.22 22.22 22.22 39.83 39.83 27.54 27.54 27.54 9.21 27.65 31.47 31.47 31.47 60.00 60.00 46.49 46.49 46.49 35.34 35.34 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from May 2019 to current date (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which may likely be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. Page 6 of 10
31. 19-Aug-19 Support & Resistance on Recommended Stocks Portfolio No. Stock Stock Code Name Stop-loss Support 2 Support 1Current price Resistance Resistance 1 Resistance 2 3 Reward SL S2 S1 9/Aug R1 R2 R3 Ratio 1 0.181 AEMULUS 0.21 0.23 0.26 0.295 0.32 0.35 0.38 0.71 2 5210 ARMADA 0.14 0.16 0.18 0.230 0.25 0.28 0.32 3 7277 DIALOG 2.92 3.06 3.20 3.410 3.66 3.80 3.94 4 4456 DNEX 0.20 0.22 0.24 0.265 0.31 0.34 5 5222 FGV 0.80 0.89 1.00 1.080 1.19 6 9261 GADANG 0.59 0.66 0.72 0.775 7 5398 GAMUDA 3.15 3.26 3.50 8 7022 GTRONIC 1.50 1.55 9 5072 HIAP TECK 0.14 10 5199 HIBISCUS 11 0.166 12 RSI Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 58.72 2.525 3.290 4.146 66.7 51.9 0.40 54.49 21.766 32.022 59.807 71.4 53.0 1.19 50.61 3.793 8.398 9.730 52.9 43.8 0.38 1.80 45.01 3.691 6.592 10.730 33.3 22.2 1.32 1.48 1.38 46.23 6.444 4.502 5.386 35.7 21.4 0.85 0.90 0.96 1.36 34.77 2.370 5.784 4.865 37.5 27.3 3.720 4.04 4.52 4.90 1.45 47.81 4.958 5.281 4.944 71.0 66.9 1.60 1.710 1.92 2.10 2.26 1.91 45.59 0.340 2.038 1.676 40.0 37.1 0.16 0.18 0.205 0.26 0.29 0.34 2.20 27.28 0.568 2.510 1.812 16.7 16.7 0.83 0.90 0.99 0.995 1.13 1.22 1.30 27.00 34.17 6.704 10.538 9.396 11.8 13.4 INARI 1.07 1.22 1.40 1.590 1.73 1.89 2.04 0.74 47.65 7.327 11.121 9.731 58.3 48.1 3867 MPI 7.00 7.57 8.10 8.640 9.72 10.38 11.05 2.00 30.54 0.012 0.148 0.055 11.4 9.5 13 1651 MRCB 0.73 0.80 0.84 0.895 1.02 1.13 1.21 2.27 42.00 1.131 3.311 4.600 66.7 60.6 14 5218 SAPNRG 0.22 0.24 0.26 0.285 0.34 0.37 0.40 2.20 33.69 29.156 40.292 60.979 33.3 30.2 15 7155 SKPRES 0.94 1.00 1.10 1.220 1.35 1.48 1.65 1.08 41.09 0.175 0.694 0.849 40.0 23.3 16 5263 SUNCON 1.70 1.81 1.97 2.120 2.32 2.50 2.64 1.33 51.18 0.215 0.595 0.717 63.6 68.2 17 5148 UEM SUNRISE 0.55 0.62 0.70 0.775 0.86 0.94 1.02 1.13 38.62 0.877 0.933 1.474 43.8 43.8 18 5243 VELESTO 0.24 0.26 0.28 0.305 0.36 0.40 0.48 2.20 48.75 34.061 22.787 29.905 42.9 33.3 19 6963 VS INDS 0.95 1.00 1.08 1.140 1.35 1.52 1.67 3.50 47.69 5.063 10.668 12.706 45.5 43.9 20 5142 WAH SEONG 0.55 0.60 0.65 0.675 0.78 0.82 0.90 4.20 35.53 0.031 0.129 0.209 23.1 18.2 No. Stock Stock Code Name SL S2 S1 16/Aug R1 R2 R3 Ratio 1 0.181 AEMULUS 0.21 0.23 0.26 0.285 0.32 0.35 0.38 1.40 2 5210 ARMADA 0.14 0.16 0.18 0.220 0.25 0.28 0.32 3 7277 DIALOG 2.92 3.06 3.20 3.530 3.66 3.80 3.94 4 4456 DNEX 0.20 0.22 0.24 0.255 0.31 0.34 5 5222 FGV 0.80 0.89 1.00 1.050 1.19 6 9261 GADANG 0.59 0.66 0.72 0.735 7 5398 GAMUDA 3.15 3.26 3.50 8 7022 GTRONIC 1.50 1.55 9 5072 HIAP TECK 0.14 10 5199 HIBISCUS 11 0.166 12 Stop-loss Support 2 Support 1Current price Resistance Resistance 1 Resistance 2 3 Reward RSI Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 53.56 1.276 2.958 3.404 71.4 67.6 0.75 47.49 20.691 28.036 38.777 60.0 50.2 0.39 63.60 13.107 7.988 8.654 91.3 89.9 0.38 3.67 39.47 3.741 3.012 8.349 20.0 23.3 1.32 1.48 2.80 40.75 3.553 3.633 5.552 25.0 30.2 0.85 0.90 0.96 7.67 31.54 1.647 2.541 4.671 18.2 19.3 3.680 4.04 4.52 4.90 2.00 45.38 3.585 4.455 4.618 64.3 65.5 1.60 1.710 1.92 2.10 2.26 1.91 47.30 0.155 1.177 1.689 76.9 61.9 0.16 0.18 0.200 0.26 0.29 0.34 3.00 23.54 5.884 1.652 1.534 20.0 18.9 0.76 0.83 0.90 0.975 1.13 1.22 1.30 2.07 32.94 9.250 7.958 9.145 11.8 14.4 INARI 1.07 1.22 1.40 1.600 1.73 1.89 2.04 0.65 50.42 1.103 8.967 10.168 88.2 74.0 3867 MPI 7.00 7.57 8.10 8.450 9.72 10.38 11.05 3.63 28.26 0.216 0.091 0.067 15.2 6.4 13 1651 MRCB 0.65 0.68 0.73 0.810 0.93 1.02 1.13 1.50 28.21 7.394 4.809 4.715 9.5 8.7 14 5218 SAPNRG 0.22 0.24 0.26 0.270 0.31 0.34 0.37 4.00 23.27 11.480 30.116 49.590 0.0 0.0 15 7155 SKPRES 0.94 1.00 1.10 1.180 1.35 1.48 1.65 2.13 34.40 0.578 0.708 0.618 25.0 20.4 16 5263 SUNCON 1.70 1.81 1.97 2.070 2.32 2.50 2.64 2.50 44.07 0.457 0.552 0.745 42.9 43.6 17 5148 UEM SUNRISE 0.55 0.62 0.70 0.715 0.80 0.86 0.94 5.67 27.41 0.552 1.578 1.465 6.3 12.5 18 5243 VELESTO 0.24 0.26 0.28 0.300 0.36 0.40 0.48 3.00 44.03 9.271 15.328 27.908 28.6 28.6 19 6963 VS INDS 0.95 1.00 1.08 1.140 1.35 1.52 1.67 3.50 48.66 6.072 5.833 10.035 66.7 59.5 20 5142 WAH SEONG 0.55 0.60 0.65 0.665 0.78 0.82 0.90 7.67 33.80 0.071 0.067 0.183 28.6 16.6 Sources: Bloomberg, TA Securities Legend: Reward Ratio = (R1 - CP)/ (CP - S1) Where CP = Current Price Upgrade in price levels shaded dark green and bold Downgrade in price levels lightly shaded RSI: The Relative Strength Index (RSI) is used to measure the velocity of a security's price movement to identify overbought and oversold conditions. RSI reading below 30 indicates an oversold condition, while RSI value greater than 70 indicates overbought condition. Stochastics: measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period. When Reward Ratio increase to > 1; RSI < 30 & Stochastics %K & %D < 30 = oversold; look to BUY When Reward Ratio decrease to < 1; RSI > 70 & Stochastics %K & %D > 70 = overbought; look to SELL Page 7 of 10
32. 19-Aug-19 Support & Resistance on Momentum Stocks No. Stock Stock Stop-lossSupport 2SupportCurrent 1 price ResistanceResistance 1 Resistance 2 3Reward RSI Code Name SL S2 S1 9/Aug R1 R2 R3 Ratio today 5d-avg 20d-avg %K %D 1 5204 PRESTARIANG 0.30 0.34 0.40 0.455 0.56 0.62 0.71 1.91 46.33 10.546 5.452 12.011 41.2 33.7 2 0.138 MYEG 1.30 1.40 1.50 1.530 1.70 1.84 2.12 5.67 48.57 26.665 22.311 24.445 31.6 18.6 3 8877 EKOVEST 0.62 0.70 0.76 0.825 0.91 0.97 1.04 1.31 48.43 38.614 29.786 39.707 25.0 18.3 4 4723 JAKS 0.50 0.60 0.68 0.755 0.90 0.98 1.12 1.93 43.55 5.058 47.8 45.8 5 1589 IWCITY 0.65 0.71 0.82 0.910 1.06 1.14 1.28 1.67 40.00 30.838 13.894 19.748 31.4 20.0 6 7108 PERDANA 0.24 0.26 0.28 0.310 0.36 0.40 0.45 1.67 35.29 4.556 30.8 25.1 7 5216 DSONIC 0.50 0.58 0.66 0.825 0.86 0.97 1.04 0.21 76.28 47.563 15.901 9.253 92.4 89.4 8 5141 DAYANG 0.98 1.13 1.27 1.420 1.60 1.75 1.90 1.20 54.95 4.508 11.239 11.855 47.4 43.9 9 5253 ECONPILE 0.60 0.67 0.73 0.770 0.88 0.98 1.08 2.75 47.23 12.923 13.687 10.160 54.5 45.3 10 6181 MALTON 0.44 0.46 0.49 0.500 0.54 0.58 0.60 4.00 30.44 30.8 28.8 No. Stock Stock Code Name SL S2 S1 16/Aug R1 R2 R3 Ratio 1 5204 PRESTARIANG 0.30 0.34 0.40 0.455 0.56 0.62 0.71 1.91 2 0.138 MYEG 1.18 1.30 1.40 1.470 1.70 1.82 2.06 3 8877 EKOVEST 0.62 0.70 0.76 0.820 0.91 0.97 4 4723 JAKS 0.50 0.60 0.68 0.735 0.90 5 1589 IWCITY 0.65 0.71 0.82 0.895 6 7108 PERDANA 0.24 0.26 0.28 7 5216 DSONIC 0.58 0.66 8 5141 DAYANG 0.98 9 5253 ECONPILE 10 6181 MALTON Stop-lossSupport 2SupportCurrent 1 price ResistanceResistance 1 Resistance 2 3Reward RSI Volume (mn Shares) 3.508 2.961 1.520 4.826 2.955 1.117 1.404 Volume (mn Shares) Stochastics Stochastics today 5d-avg 20d-avg %K %D 46.99 2.946 8.029 58.3 55.2 3.29 41.46 8.664 17.276 19.388 18.8 16.5 1.04 1.50 48.01 21.626 23.421 33.091 40.0 30.5 0.98 1.12 3.00 38.87 4.211 30.4 33.3 1.06 1.14 1.28 2.20 38.42 11.196 13.123 14.192 32.0 29.7 0.320 0.36 0.40 0.45 1.00 45.09 3.497 75.0 45.2 0.76 0.885 0.97 1.04 1.21 0.68 76.65 21.562 38.616 14.829 74.5 80.6 1.13 1.27 1.400 1.60 1.75 1.90 1.54 52.23 6.223 5.870 10.600 46.7 37.6 0.60 0.67 0.73 0.790 0.88 0.98 1.08 1.50 51.73 4.757 11.074 10.174 84.6 78.8 0.41 0.44 0.46 0.490 0.54 0.58 0.60 1.67 31.51 0.320 25.0 22.8 1.791 2.162 5.722 3.373 1.983 0.713 1.170 Sources: Bloomberg, TA Securities Legend: Reward Ratio = (R1 - CP)/ (CP - S1) Where CP = Current Price Upgrade in price levels shaded dark green and bold Downgrade in price levels lightly shaded RSI: The Relative Strength Index (RSI) is used to measure the velocity of a security's price movement to identify overbought and oversold conditions. RSI reading below 30 indicates an oversold condition, while RSI value greater than 70 indicates overbought condition. Stochastics: measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period. When Reward Ratio increase to > 1; RSI < 30 & Stochastics %K & %D < 30 = oversold; look to BUY When Reward Ratio decrease to < 1; RSI > 70 & Stochastics %K & %D > 70 = overbought; look to SELL Page 8 of 10
33. 19-Aug-19 Daily Money Flow of Technical Stock Watch Malaysia Chartist : Stephen Soo No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 37 38 39 39 40 Tel: +603-2167 9607 Total Money Flow (RM'mn) stsoo@ta.com.my www.taonline.com.my CLOSING PRICE 8-Aug 9-Aug 13-Aug 14-Aug 15-Aug (A) Total 5D MF Prv. Chg FBMKLCI 20.3 (12.0) (17.5) 3.8 (20.4) (25.8) 21.2 (24.2) 1,616 1,615 1,593 1,600 1,600 (0.02) OUT AFFIN ABMB AMBANK AXIATA CIMB DIGI GAMUDA GENTING GENM IHH IOICORP MALAKOFF MAXIS MAYBANK MBSB RHBBANK SIME TENAGA TM WPRTS AEMULUS ARMADA DIALOG DNEX FGV GADANG GTRONIC HIAP TECK HIBISCUS INARI MPI MRCB SAPURA ENERGY SKP RESOURCES SUNCON UEMS VELESTO UNISEM VS IND WASEONG (0.0) 0.0 0.4 (0.5) 2.1 0.9 1.2 5.0 2.5 (0.2) 0.1 (0.1) (0.5) 0.3 0.1 4.2 0.2 2.4 0.2 0.5 (0.0) 0.1 1.1 0.0 0.2 0.0 (0.1) (0.0) (0.1) 0.2 0.1 0.0 (0.0) (0.0) 0.0 (0.0) 0.0 (0.0) (0.6) 0.0 0.0 0.4 (0.2) 3.8 1.8 0.2 0.7 (0.2) 0.2 (0.4) 0.1 (0.1) (0.3) (0.8) (0.1) 0.4 0.3 (14.9) 1.0 (0.0) (0.1) 0.2 (0.9) 0.0 0.0 (0.0) (0.0) 0.0 (0.1) 0.3 0.0 0.0 0.0 (0.0) (0.0) (0.0) 0.1 (0.0) (0.5) 0.0 0.0 0.1 (0.0) (2.0) (1.9) (1.4) (0.7) (3.3) 2.4 (0.5) (0.4) (0.0) 0.1 (2.3) 0.1 0.6 (0.1) (1.5) 0.2 0.0 (0.0) (0.0) (1.3) (0.1) 0.1 0.0 0.2 (0.0) (0.5) (0.7) 0.1 (0.0) 0.3 (0.0) 0.0 0.1 (0.1) (0.1) 0.0 (0.0) 0.0 0.1 0.2 0.3 (0.1) 1.3 (0.0) 1.0 (0.4) 1.0 0.0 0.0 (0.1) 3.4 0.1 2.1 0.2 (0.1) (0.4) 0.1 0.0 (0.0) (2.4) 0.0 0.0 0.1 (0.2) (0.0) (0.3) (1.0) 0.1 (0.3) (0.5) 0.0 0.0 (0.0) 0.1 0.0 (0.0) (0.0) 0.0 0.2 0.2 (2.1) (1.2) (1.0) (0.0) (1.4) (0.5) 0.1 (0.1) (0.2) 0.3 (3.3) 0.2 0.0 0.6 (2.7) 0.1 0.6 0.0 0.3 (0.8) 0.0 0.1 0.1 0.0 (0.0) (0.2) 1.2 0.1 0.0 (0.2) 0.1 0.0 0.2 (0.4) (0.0) 0.6 (0.0) 0.0 0.8 0.7 (0.5) 0.7 (0.1) 1.2 1.1 4.1 0.0 (0.3) (0.3) (0.3) (2.7) 0.3 7.4 1.2 (16.7) 1.1 1.2 (0.0) 0.6 (4.3) 0.0 0.4 0.2 (0.1) (0.0) (1.2) 0.1 0.3 (0.3) (0.5) 0.1 0.0 0.3 (0.3) (0.1) (0.5) (0.0) 0.0 0.0 0.2 2.3 1.8 2.7 0.6 4.3 (2.8) 1.4 0.4 0.1 (0.2) 5.8 0.1 1.5 0.3 1.4 (0.6) 0.1 0.1 0.0 (1.1) 0.1 (0.1) 0.0 (0.4) 0.0 0.2 (0.3) 0.0 (0.3) (0.8) 0.0 (0.0) (0.1) 0.2 0.1 (0.1) 0.0 (0.0) 0.1 0.0 (2.4) (1.0) (2.3) 0.0 (2.4) (0.1) (0.9) (0.1) (0.2) 0.4 (6.7) 0.1 (2.1) 0.4 (2.6) 0.6 0.5 (0.0) 0.3 1.6 0.0 0.1 (0.0) 0.2 (0.0) 0.1 2.2 0.1 0.4 0.3 0.1 0.0 0.2 (0.5) (0.0) 0.6 (0.0) 1.99 3.43 4.12 5.00 5.06 5.02 3.74 6.21 3.23 5.75 4.28 0.89 5.42 8.62 0.86 5.58 2.16 13.84 4.09 4.04 0.29 0.23 3.41 0.26 1.06 0.76 1.72 0.21 1.00 1.56 8.63 0.90 0.29 1.20 2.14 0.78 0.30 2.09 1.15 0.68 2.00 3.38 4.10 5.00 5.04 5.00 3.72 6.19 3.22 5.73 4.22 0.88 5.41 8.60 0.86 5.60 2.19 13.82 4.09 3.91 0.30 0.23 3.41 0.27 1.08 0.78 1.71 0.21 1.00 1.59 8.64 0.90 0.29 1.22 2.12 0.78 0.31 2.09 1.14 0.68 1.98 3.30 3.98 4.96 5.00 4.97 3.70 6.05 3.12 5.66 4.20 0.87 5.39 8.56 0.84 5.55 2.15 13.60 4.07 3.92 0.28 0.22 3.39 0.26 1.09 0.73 1.65 0.21 0.98 1.52 8.49 0.87 0.28 1.20 2.10 0.74 0.30 2.04 1.12 0.68 1.99 3.36 3.96 4.96 5.09 5.00 3.67 6.04 3.11 5.66 4.20 0.86 5.39 8.59 0.84 5.56 2.17 13.62 4.10 4.00 0.30 0.23 3.53 0.26 1.08 0.74 1.71 0.21 1.00 1.59 8.41 0.84 0.28 1.20 2.10 0.75 0.30 2.04 1.15 0.67 1.96 3.30 3.94 5.00 5.05 4.99 3.70 6.04 3.07 5.68 4.23 0.85 5.46 8.55 0.83 5.52 2.17 13.72 4.09 4.00 0.29 0.22 3.52 0.26 1.06 0.74 1.71 0.20 0.98 1.59 8.40 0.80 0.27 1.17 2.05 0.72 0.30 2.03 1.12 0.66 (0.03) (0.06) (0.02) 0.04 (0.04) (0.01) 0.03 0.00 (0.04) 0.02 0.03 (0.01) 0.07 (0.04) (0.02) (0.04) 0.00 0.10 (0.01) 0.00 (0.01) (0.01) (0.01) (0.01) (0.02) 0.00 0.00 (0.00) (0.02) 0.00 (0.01) (0.04) (0.01) (0.03) (0.05) (0.03) 0.00 (0.01) (0.03) (0.01) Name (B) Cur. Chg 8-Aug 9-Aug 13-Aug 14-Aug 15-Aug Chg (A+B) DMF OUT IN IN OUT IN IN IN IN OUT IN IN OUT IN OUT IN OUT IN OUT OUT IN IN IN IN IN OUT IN OUT OUT IN IN IN IN OUT IN IN IN OUT IN IN IN Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. Page 9 of 10
34. 19-Aug-19 Daily Money Flow of FBMKLCI Malaysia Chartist : Stephen Soo No Name 8-Aug FBMKLCI Tel: +603-2167 9607 Total Money Flow (RM'mn) 9-Aug 13-Aug 14-Aug stsoo@ta.com.my 15-Aug 5D MF Total (A) Prv. Chg (B) Cur. Chg www.taonline.com.my 8-Aug 9-Aug CLOSING PRICE 13-Aug 14-Aug (A+B) 15-Aug Chg DMF 20.3 (12.0) (17.5) 3.8 (20.4) (25.8) 21.2 (24.2) 1,616 1,615 1,593 1,600 1,600 (0.02) OUT 1 MAYBANK 0.3 (0.8) (2.3) 3.4 (3.3) (2.7) 5.8 (6.7) 8.62 8.60 8.56 8.59 8.55 (0.04) OUT 2 PBBANK 0.7 (0.3) (3.2) (3.3) (8.1) (14.2) (0.1) (4.8) 21.42 21.52 20.74 20.80 20.80 0.00 OUT 3 TENAGA 2.4 (14.9) (1.5) (0.1) (2.7) (16.7) 1.4 (2.6) 13.84 13.82 13.60 13.62 13.72 0.10 OUT 4 CIMB 2.1 1.8 (1.9) (0.1) (1.2) 0.7 1.8 (1.0) 5.06 5.04 5.00 5.09 5.05 (0.04) IN 5 PCHEM 0.4 0.5 (2.1) (1.6) (3.6) (6.4) 0.6 (2.1) 7.30 7.39 7.24 7.31 7.20 (0.11) OUT 6 IHH (0.2) (0.4) (0.5) 1.0 0.1 0.0 1.4 (0.9) 5.75 5.73 5.66 5.66 5.68 0.02 IN 7 AXIATA (0.5) 3.8 (2.0) 0.3 (2.1) (0.5) 2.3 (2.4) 5.00 5.00 4.96 4.96 5.00 0.04 OUT 8 MAXIS (0.5) (0.3) 0.1 (0.1) 0.3 (0.3) (0.2) 0.4 5.42 5.41 5.39 5.39 5.46 0.07 IN 9 HLBANK (0.1) 0.0 (0.2) 0.0 1.2 1.0 0.3 1.2 17.62 17.52 17.40 17.42 17.04 (0.38) IN 10 SIME PLT 1.0 (0.4) (0.1) 0.3 0.6 1.4 0.4 0.4 4.70 4.67 4.60 4.67 4.81 0.14 IN 11 DIGI 0.9 0.2 (1.4) 1.3 (1.0) (0.1) 2.7 (2.3) 5.02 5.00 4.97 5.00 4.99 (0.01) IN 12 NESTLE (0.0) (0.0) (0.1) (0.1) 0.1 (0.2) 0.0 0.2 148.30 148.00 147.70 147.30 147.70 0.40 IN 13 PETGAS (0.2) 0.1 0.1 0.1 0.2 0.3 0.0 0.1 15.98 16.08 15.98 16.00 16.00 0.00 IN 14 GENTING 5.0 (0.2) (3.3) 1.0 (1.4) 1.1 4.3 (2.4) 6.21 6.19 6.05 6.04 6.04 0.00 IN 15 MISC 0.4 (0.2) (0.2) 1.0 (0.3) 0.8 1.2 (1.3) 7.21 7.22 7.20 7.25 7.18 (0.07) OUT 16 IOI CORP 0.1 0.1 (0.4) 0.0 (0.1) (0.3) 0.4 (0.1) 4.28 4.22 4.20 4.20 4.23 0.03 IN 17 GENM 2.5 0.2 2.4 (0.4) (0.5) 4.1 (2.8) (0.1) 3.23 3.22 3.12 3.11 3.07 (0.04) OUT 18 KLK (0.2) (0.1) 0.2 (0.0) 0.0 (0.1) (0.2) 0.1 23.68 23.60 23.56 23.62 23.90 0.28 OUT 19 PETDAG (0.2) (0.0) 0.1 0.6 (0.1) 0.3 0.5 (0.8) 23.38 23.28 23.20 22.88 22.84 (0.04) OUT 20 HAP SENG (0.1) (0.0) 0.1 0.2 (0.1) 0.1 0.2 (0.3) 9.75 9.73 9.65 9.65 9.65 0.00 OUT 21 HLFG 0.1 (0.1) 0.2 0.2 (0.1) 0.4 0.1 (0.3) 17.56 17.30 17.26 17.26 17.06 (0.20) OUT 22 PPB 0.0 0.1 0.9 0.1 0.0 1.1 (0.8) (0.1) 18.76 18.76 18.76 18.68 18.68 0.00 OUT 23 TOP GLOVE 0.3 0.3 (0.4) (0.5) 0.1 (0.3) (0.1) 0.6 4.55 4.52 4.49 4.50 4.49 (0.01) IN 24 RHBBANK 4.2 0.4 0.6 2.1 0.0 7.4 1.5 (2.1) 5.58 5.60 5.55 5.56 5.52 (0.04) OUT 25 PMETAL (0.0) (1.1) (0.1) 0.2 0.3 (0.7) 0.3 0.1 4.81 4.86 4.78 4.80 4.76 (0.04) IN 26 SIME 0.2 0.3 (0.1) 0.2 0.6 1.2 0.3 0.4 2.16 2.19 2.15 2.17 2.17 0.00 IN 27 HARTALEGA 0.0 0.1 (0.5) 0.0 0.9 0.5 0.5 0.9 5.00 4.99 4.93 4.97 4.96 (0.01) IN 28 AMBANK 0.4 (0.2) (0.0) 0.2 0.2 0.7 0.2 0.0 4.12 4.10 3.98 3.96 3.94 (0.02) IN 29 DIALOG 1.1 (0.9) (1.3) (2.4) (0.8) (4.3) (1.1) 1.6 3.41 3.41 3.39 3.53 3.52 (0.01) IN 30 MAHB 0.3 0.2 (0.6) (0.1) 0.1 (0.1) 0.5 0.3 8.50 8.50 8.31 8.33 8.39 0.06 IN 22.2 (1.9) 20.3 7.9 (20.0) (12.0) 4.6 (22.1) (17.4) 12.4 (8.6) 3.8 4.8 (25.2) (20.4) 52.0 (77.7) (25.8) 25 (5) 16 (14) 14 (16) 14 (16) 15 (15) (RM'mn) INFLOW OUTFLOW NET FLOW Daily Trading Participation COMPANIES INFLOW OUTFLOW Date Retail Institution Foreign Total 8-Aug 9-Aug 13-Aug 14-Aug 15-Aug 25.4% 25.0% 22.4% 22.9% 21.3% 44.9% 47.3% 43.8% 49.0% 50.3% 29.7% 27.7% 33.8% 28.1% 28.5% 100% 100% 100% 100% 100% Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, August 19, 2019, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 10 of 10
35. Technical View Monday , August 19, 2019 Weekly Ace Market Stock Watch Malaysia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Report Description: The Weekly Ace Market Stock Watch is a compilation of selected stocks aimed at providing trading ideas and guide for momentum trading. The following table is derived from the 109 Ace Market counters currently listed in Bursa Malaysia. This recommendation is based on combination of fundamental and technical analysis. List of 20 Ace Market Stocks Name Current Closing Price to Book EPS (RM) PE Ratio (%) No Code 1 0169 SMTRACK [S] 11,728,636 0.200 46,000.00 1.30 0.11 -0.05 0.00 na 2 0092 MTOUCHE [S] 38,142,263 0.060 20,000.00 0.14 0.17 -0.01 0.00 na 3 0040 OPENSYS [S] 84,899,598 0.320 191,000.00 0.18 4 0133 SANICHI [S] 27,760,224 0.045 30,256,000.00 na 0.21 -0.04 0.01 5 0117 44,750,274 0.100 247,000.00 na 0.39 -0.01 -0.01 0.64 6 0105 ASIAPLY [S] 31,167,686 0.060 50,100.00 na 0.47 7 0070 MQTECH [S] 17,420,135 0.025 2,569,000.00 na 8 0072 AT [S] 23,204,165 0.050 9 0157 FOCUSP 33,000,000 10 0165 XOX [S] 11 Market Price (RM) Volume Operating Return on Revenue Net Income 2Q18 3Q18 2Q18 3Q18 2017 2018 2Q18 3Q18 2Q18 3Q18 2Q18 3Q18 2017 2018 0.38 -8.04 -3.87 11.39 na 1.39 20.37 19.11 10.49 10.90 16.26 17.14 6.72 na 12.87 -17.89 na na -30.93 -7.93 49.65 44.68 23.78 45.19 97.57 na 0.00 0.00 67.50 na 1.73 -4.28 0.28 -0.18 17.66 19.91 0.53 na 0.54 0.00 0.00 na na -22.18 -10.98 -5.22 -4.25 7.95 6.96 -3.09 na 700,000.00 0.46 0.64 0.00 0.00 na na -17.97 -18.74 -4.83 -5.61 3.51 5.22 -9.05 -5.63 0.570 52,200.00 na 0.65 0.00 0.01 na na 4.64 8.46 0.54 2.83 40.49 46.15 -0.46 na 54,619,709 0.055 605,000.00 0.59 0.68 0.00 0.00 35.00 na 3.73 -8.07 4.02 -1.00 51.61 52.53 2.03 -6.28 0160 HHHCORP [S] 26,664,106 0.115 175,000.00 0.69 0.00 0.00 45.65 na 8.49 14.17 0.78 na 12 0035 OPCOM [S] 96,749,962 0.450 292,900.00 0.68 0.70 -0.01 0.00 13.67 9.02 -6.93 1.62 2.13 1.54 23.41 27.48 7.20 6.68 13 0024 JAG [S] 60,589,244 0.040 4,281,300.00 na 0.72 0.00 0.00 14.71 na 3.89 8.35 na 14 0103 MNC 30,472,156 0.075 180,000.00 na 0.73 0.00 0.00 na -22.62 -15.55 -4.50 -4.99 4.35 3.75 -0.70 na 15 0153 OVERSEA 26,676,650 0.150 20,000.00 0.74 0.74 0.01 -0.01 128.95 na 8.51 -12.17 -0.98 -1.36 19.73 12.37 0.46 -4.79 16 0104 GENETEC [S] 67,092,564 1.110 6,000.00 0.75 -0.03 0.08 11.08 -3.46 11.52 -3.13 1.43 16.05 27.47 -4.03 3.66 17 0028 SCOPE [S] 70,060,554 0.175 10,000.00 0.68 0.77 18 0174 IDMENSN [S] 8,158,865 0.020 220,500.00 na 0.77 -0.07 0.00 19 0123 PRIVA [S] 27,910,001 0.055 120,000.00 na 0.77 0.00 0.00 20 0150 FINTEC 0.050 173,000.00 0.65 0.78 0.05 0.04 25.00 1.07 266.35 176.92 72.91 67.27 1.09 SMRT 30,225,609 na na 0.76 0.01 0.01 12.89 na na na na na -112.00 -47.69 -44.38 0.43 26.32 -78.64 12.64 na na na 6.93 na -123.84 17.77 -10.62 -9.90 9.40 0.00 0.00 27.16 51.92 9.22 5.89 1.84 2.17 8.67 1.29 2.66 1.40 36.69 36.97 4.71 2.46 2.22 5.53 4.14 4.49 1.44 na na -462.93 -24.61 -34.97 -37.71 15.92 4.02 na na na na -13.48 -0.59 -5.57 -5.18 15.35 13.72 -7.18 na 2.15 43.44 11.26 Source: Bloomberg This list is sorted first by the lowest price-to-book ratio from the 109 stocks listed in the Bursa Malaysia Ace Market sector which had reported third quarter results. INTERPRETATION OF FUNDAMENTAL INDICATORS: Price to Book: The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market price to its book value. It is also sometimes known as a Market-to-Book ratio. The calculation can be performed in two ways, but the result should be the same each way. Earnings Per Share (EPS): The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. PE Ratio: The price-to-earnings ratio, or P/E ratio, is an equity valuation multiple. It is defined as market price per share divided by annual earnings per share. Revenue: The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Net Income: A company's total earnings (or profit). Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. Page 1 of 2
36. Support & Resistance – Ace Market No. Stock Stock Code Name Stop-loss Support 2 Support 1Current priceResistance 1 Resistance 2 Resistance 3 Reward 1 0169 SMTRACK [S] 0.12 0.14 0.16 0.200 0.23 0.25 0.28 0.75 2 0092 MTOUCHE [S] 0.03 0.04 0.05 0.060 0.09 0.11 0.12 3.00 SL S2 S1 9/Aug R1 R2 R3 RSI Ratio Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 52.02 5.898 15.582 15.616 85.7 90.5 44.75 0.041 0.116 0.642 100.0 100.0 3 0040 OPENSYS [S] 0.26 0.27 0.28 0.315 0.35 0.37 0.39 1.00 45.36 0.130 0.167 0.154 25.0 33.3 4 0133 SANICHI [S] 0.01 0.02 0.03 0.045 0.07 0.08 0.09 1.67 42.26 1.332 0.686 0.532 50.0 83.3 5 0117 SMRT 0.04 0.06 0.08 0.105 0.12 0.14 0.16 0.60 47.28 0.650 0.487 0.646 33.3 33.3 6 0105 ASIAPLY [S] 0.03 0.04 0.05 0.060 0.08 0.09 0.10 2.00 42.10 0.145 0.152 0.187 0.0 33.3 7 0070 MQTECH [S] 0.01 0.02 0.02 0.030 0.05 0.06 0.07 2.00 52.01 0.451 5.641 4.764 100.0 83.3 8 0072 AT [S] 0.01 0.02 0.03 0.045 0.08 0.09 0.10 2.33 46.10 0.017 0.103 0.184 0.0 33.3 9 0157 FOCUSP 0.38 0.44 0.50 0.560 0.57 0.60 0.64 0.17 65.04 0.152 0.520 0.787 80.0 63.3 10 0165 XOX [S] 0.01 0.02 0.02 0.045 0.08 0.09 0.10 1.40 42.00 0.598 2.151 1.882 0.0 16.7 11 0160 HHHCORP [S] 0.08 0.09 0.10 0.115 0.14 0.15 0.16 1.67 46.05 0.944 2.076 5.113 20.0 20.0 12 0035 OPCOM [S] 0.36 0.40 0.45 0.470 0.58 0.65 0.75 5.50 43.29 0.525 0.393 0.782 35.7 29.7 13 0024 JAG [S] 0.01 0.02 0.03 0.040 0.06 0.07 0.08 2.00 46.15 1.010 2.098 1.183 50.0 50.0 14 0103 MNC 0.02 0.03 0.04 0.075 0.08 0.09 0.10 0.14 89.98 21.996 14.089 7.645 100.0 96.1 15 0153 OVERSEA 0.07 0.08 0.09 0.125 0.14 0.16 0.17 0.43 52.35 0.051 0.013 0.040 62.5 45.8 16 0104 GENETEC [S] 0.91 1.00 1.11 1.140 1.29 1.35 1.47 5.00 40.79 0.045 0.034 0.040 33.3 25.0 17 0028 SCOPE [S] 0.14 0.15 0.16 0.180 0.21 0.23 0.25 1.50 37.42 0.042 0.089 0.268 25.0 19.4 18 0174 IDMENSN [S] 0.01 0.01 0.01 0.020 0.04 0.05 0.06 1.50 37.80 0.020 0.138 0.165 50.0 50.0 19 0123 PRIVA [S] 0.03 0.04 0.05 0.060 0.09 0.11 0.14 3.00 44.24 0.105 0.102 0.341 0.0 0.0 20 0150 FINTEC 0.01 0.02 0.03 0.055 0.07 0.09 0.11 0.60 59.92 0.305 0.389 1.351 50.0 16.7 No. Stock Stock Code Name SL S2 S1 16/Aug R1 R2 R3 Ratio 0169 SMTRACK [S] 0.12 0.14 0.16 0.200 0.23 0.25 0.28 0.75 2 0092 MTOUCHE [S] 0.03 0.04 0.05 0.060 0.09 0.11 0.12 3.00 44.75 0.021 0.496 0.713 50.0 50.0 3 0040 OPENSYS [S] 0.26 0.27 0.28 0.320 0.35 0.37 0.39 0.75 50.00 0.020 0.181 0.154 66.7 88.9 4 0133 SANICHI [S] 0.01 0.02 0.03 0.045 0.07 0.08 0.09 1.67 43.96 1.305 2.902 1.149 50.0 50.0 5 0117 SMRT 0.04 0.06 0.08 0.100 0.12 0.14 0.16 1.00 44.21 0.005 0.502 0.752 20.0 30.0 1 Stop-loss Support 2 Support 1Current priceResistance 1 Resistance 2 Resistance 3 Reward RSI Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 1.870 15.136 62.5 70.8 48.84 14.954 6 0105 ASIAPLY [S] 0.03 0.04 0.05 0.060 0.08 0.09 0.10 2.00 43.91 0.165 0.201 0.210 50.0 66.7 7 0070 MQTECH [S] 0.01 0.02 0.02 0.025 0.05 0.06 0.07 5.00 44.88 1.345 1.409 4.829 50.0 50.0 16.7 8 0072 AT [S] 0.01 0.02 0.03 0.050 0.08 0.09 0.10 1.50 52.18 2.194 0.552 0.250 50.0 9 0157 FOCUSP 0.38 0.44 0.50 0.570 0.60 0.64 0.68 0.43 62.63 0.212 0.400 0.458 83.3 77.8 10 0165 XOX [S] 0.01 0.02 0.02 0.055 0.08 0.09 0.10 0.71 51.74 7.700 0.801 1.839 50.0 33.3 11 0160 HHHCORP [S] 0.08 0.09 0.10 0.115 0.14 0.15 0.16 1.67 50.46 0.198 2.075 4.437 75.0 49.4 12 0035 OPCOM [S] 0.33 0.36 0.40 0.450 0.52 0.58 0.65 1.40 39.00 0.074 0.413 0.591 27.3 23.5 13 0024 JAG [S] 0.01 0.02 0.03 0.040 0.06 0.07 0.08 2.00 46.19 0.832 1.126 1.160 50.0 83.3 14 0103 MNC 0.02 0.03 0.04 0.075 0.08 0.09 0.10 0.14 80.66 24.031 18.153 11.022 89.6 93.1 15 0153 OVERSEA 0.07 0.08 0.09 0.150 0.16 0.17 0.19 0.17 59.87 0.001 0.000 0.037 100.0 58.3 16 0104 GENETEC [S] 0.82 0.91 1.00 1.110 1.20 1.29 1.35 0.82 40.44 0.027 0.014 0.036 20.0 15.0 17 0028 SCOPE [S] 0.14 0.15 0.16 0.175 0.21 0.23 0.25 2.33 34.14 0.055 0.040 0.234 50.0 25.0 18 0174 IDMENSN [S] 0.01 0.01 0.01 0.020 0.04 0.05 0.06 1.50 37.80 0.107 0.030 0.162 50.0 50.0 19 0123 PRIVA [S] 0.03 0.04 0.05 0.055 0.09 0.11 0.14 7.00 56.57 0.021 0.063 0.258 66.7 44.4 20 0150 FINTEC 0.01 0.02 0.03 0.050 0.07 0.09 0.11 1.00 48.38 0.436 1.006 1.230 0.0 16.7 Sources: Bloomberg, TA Securities Legend: Reward Ratio = (R1 - CP)/ (CP - S1) Where CP = Current Price Upgrade in price levels shaded dark green and bold Downgrade in price levels lightly shaded RSI: The Relative Strength Index (RSI) is used to measure the velocity of a security's price movement to identify overbought and oversold conditions. RSI reading below 30 indicates an oversold condition, while RSI value greater than 70 indicates overbought condition. Stochastics: measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period. When Reward Ratio increase to > 1; RSI < 30 & Stochastics %K & %D < 30 = oversold; look to BUY When Reward Ratio decrease to < 1; RSI > 70 & Stochastics %K & %D > 70 = overbought; look to SELL Page 2 of 2
37. 3131 Technical View Monday , August 19, 2019 Weekly Small Cap Stock Watch Malaysia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Report Description: The Weekly Small Cap Stock Watch is a compilation of selected stocks aimed at providing trading ideas and guide for momentum trading. The following is derived from the complete listing of Main Market stocks of more than 800 counters currently in Bursa Malaysia. This recommendation is based on combination of fundamental and technical analysis. List of 20 Small Cap Stocks Current Closing PE Ratio (%) Operating Return on Revenu Net Income Code Name 1 9091 EMICO [S] 15,827,876 0.160 100 2 7139 NICE [S] 11,656,325 0.060 1,719,700 0.68 0.10 -0.01 -0.01 na 3 5073 NAIM [S] 104,255,360 0.975 323,600 na na 4 6068 PCCS [S] 39,907,981 0.540 206,700 0.16 0.15 0.01 0.00 26.42 10.91 3.11 5 6807 PUNCAK [S] 145,355,521 0.320 69,700 na 0.15 -0.01 -0.06 na na 5.64 -13.39 -6.13 -5.43 29.63 -201.28 na 6 7164 KNM [S] 175,957,949 0.380 8,136,400 na 0.16 -0.01 -0.01 na na -5.60 -0.53 -2.21 -2.52 357.98 -42.45 na 7 7073 SEACERA [S] 73,467,773 0.190 121,900 na 0.16 -0.01 -0.05 35.38 na -92.10 -433.49 0.00 -2.36 11.71 8.92 8 4057 ASIAPAC [S] 119,269,618 0.125 10,000 0.16 0.17 0.00 0.01 21.11 5.00 30.94 59.02 1.03 1.65 50.49 8.82 44.40 9 8893 MKLAND [S] 204,780,229 0.170 1,200 0.23 0.18 0.00 0.00 18.33 11.50 12.54 17.10 1.10 1.16 51.45 18.13 24.50 10 1643 LANDMRK 253,867,522 0.540 10,000 na 0.18 -0.01 -0.01 na na -22.01 -19.47 -0.99 -1.38 21.17 -29.83 na 11 5657 PARKSON [S] 261,465,556 0.205 24,800 0.28 0.19 -0.01 0.02 na na -0.25 2.47 -1.87 -1.34 1,046.31 -120.90 -99.44 12 3905 MULPHA 568,651,267 2.130 47,600 na 0.19 0.36 -0.02 2.24 na 2.74 8.12 7.32 6.21 202.62 369.32 na 13 8931 JERASIA [S] 28,716,140 0.350 213,400 0.22 0.21 0.01 0.05 13.25 4.42 2.36 6.74 0.66 1.75 130.12 3.71 7.61 14 3573 LIENHOE [S] 98,443,818 0.280 1,500 na 0.21 -0.02 -0.03 na -69.81 -153.57 1.26 1.01 19.79 -2.42 na 15 5156 XDL 216,586,004 0.085 7,200,000 na 0.23 0.00 0.00 37.77 na 7.54 1.31 139.59 16.59 na 16 4375 SMI [S] 32,540,717 0.145 10,000 na 0.24 -0.01 -0.01 1.48 na -20.23 -7.95 -1.55 -1.65 15.16 28.40 na 17 8486 LIONFIB [S] 96,826,361 0.475 3,000 0.22 0.24 0.02 0.01 8.81 6.22 2.08 18 7382 GLBHD [S] 85,805,508 0.395 33,000 0.22 0.24 0.03 -0.04 49.59 na 422.24 -241.64 1.28 -0.15 1.10 19 3395 BJCORP 1,388,978,018 0.260 21,069,500 0.21 0.24 -0.03 -0.02 11.95 na 2.49 20 7126 LONBISC [S] 129,267,677 0.115 1,966,000 7.85 10.35 10.19 Market Cap Price Volume Price to Book EPS (RM) No 2Q18 3Q18 2Q18 3Q18 2017 2018 2Q18 3Q18 2Q18 3Q18 2Q18 2017 2018 0.44 0.10 0.00 0.00 18.56 0.12 0.04 0.13 0.27 0.25 0.01 0.01 na na na 4.23 0.29 -2.10 na 25.51 1.60 -0.22 14.29 -92.34 -212.66 -12.67 -16.09 3.19 -2.64 0.95 na 3.86 12.81 -6.64 -0.82 93.77 -168.85 na 3.23 8.17 1.63 1.82 1.31 4.72 1.86 118.41 -9.24 4.76 na 5.07 85.43 14.75 19.23 2.63 -14.95 4.59 -0.69 -1.24 2,457.51 149.29 -370.20 na na 61.87 na 13.90 Source: Bloomberg This list is sorted first by the lowest price-to-book ratio from the Main Market which had reported third quarter results and excludes the FBM100 stocks. INTERPRETATION OF FUNDAMENTAL INDICATORS: Price to Book: The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market price to its book value. It is also sometimes known as a Market-to-Book ratio. Earnings Per Share (EPS): The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. PE Ratio: The price-to-earnings ratio, or P/E ratio, is an equity valuation multiple. It is defined as market price per share divided by annual earnings per share. Revenue: The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Net Income: A company's total earnings (or profit). Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. Page 1 of 2
38. Support & Resistance – Small Cap No. Stock Stock Code Name Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward SL S2 S1 9/Aug R1 R2 R3 Ratio 1 9091 EMICO [S] 0.12 0.13 0.14 0.170 0.20 0.22 0.25 1.00 2 7139 NICE [S] 0.02 0.03 0.04 0.060 0.08 0.09 0.10 3 5073 NAIM [S] 0.66 0.73 0.81 0.865 1.04 1.19 1.30 4 6068 PCCS [S] 0.38 0.42 0.48 0.495 0.60 0.65 5 6807 PUNCAK [S] 0.28 0.30 0.32 0.330 0.36 6 7164 KNM [S] 0.28 0.30 0.35 0.390 7 7073 SEACERA [S] 0.10 0.12 0.15 8 4057 ASIAPAC [S] 0.10 0.11 9 8893 MKLAND [S] 0.13 0.15 10 1643 LANDMRK 0.41 11 5657 PARKSON [S] 12 3905 13 RSI Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 51.12 0.054 0.063 0.131 60.0 60.0 1.00 57.17 0.707 2.415 2.353 50.0 66.7 3.18 46.26 0.627 1.999 3.471 52.0 45.3 0.70 7.00 44.43 8.202 5.002 8.209 56.3 39.1 0.40 0.45 3.00 43.63 0.021 0.109 0.087 20.0 26.7 0.44 0.48 0.53 1.25 58.99 40.842 135.832 149.343 56.5 59.4 0.190 0.24 0.29 0.33 1.25 39.19 1.058 1.091 1.664 0.0 11.1 0.12 0.125 0.15 0.16 0.17 5.00 35.82 0.498 0.838 0.565 25.0 25.0 0.16 0.170 0.21 0.22 0.23 4.00 37.60 0.093 0.192 0.274 33.3 55.6 0.45 0.49 0.550 0.62 0.67 0.76 1.17 62.22 0.103 0.204 0.290 52.9 53.5 0.18 0.20 0.22 0.245 0.29 0.32 0.38 1.80 41.72 0.284 0.531 0.420 50.0 50.0 MULPHA 1.70 1.80 1.92 2.140 2.26 2.42 2.60 0.55 49.02 0.080 0.033 0.064 76.5 33.1 8931 JERASIA [S] 0.24 0.27 0.30 0.400 0.43 0.46 0.49 0.30 59.40 0.000 0.004 0.007 100.0 67.4 14 3573 LIENHOE [S] 0.22 0.23 0.24 0.270 0.30 0.32 0.35 1.00 50.93 0.003 0.073 0.184 33.3 22.2 15 5156 XDL 0.05 0.06 0.07 0.090 0.10 0.11 0.12 0.50 52.44 4.030 8.411 8.878 33.3 33.3 16 4375 SMI [S] 0.10 0.12 0.14 0.145 0.18 0.20 0.22 7.00 43.11 0.017 0.037 0.059 33.3 33.3 17 8486 LIONFIB [S] 0.25 0.30 0.35 0.400 0.48 0.52 0.58 1.60 46.10 0.011 0.043 0.043 41.7 77.8 18 7382 GLBHD [S] 0.26 0.30 0.34 0.430 0.44 0.48 0.52 0.11 56.52 0.042 0.009 0.009 100.0 46.7 19 3395 BJCORP 0.20 0.22 0.24 0.260 0.29 0.31 0.33 1.50 51.30 6.816 6.808 5.696 50.0 33.3 20 7126 LONBISC [S] 0.06 0.09 0.12 0.135 0.21 0.24 0.27 5.00 31.66 5.911 6.989 15.047 10.0 12.4 No. Stock Stock Code Name Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward SL S2 S1 16/Aug R1 R2 R3 Ratio RSI 1 9091 EMICO [S] 0.12 0.13 0.14 0.160 0.20 0.22 0.25 2.00 44.54 2 7139 NICE [S] 0.02 0.03 0.04 0.060 0.08 0.09 0.10 1.00 3 5073 NAIM [S] 0.66 0.73 0.81 0.975 1.04 1.19 1.30 0.39 4 6068 PCCS [S] 0.38 0.42 0.48 0.540 0.60 0.65 0.70 5 6807 PUNCAK [S] 0.26 0.28 0.30 0.320 0.36 0.40 6 7164 KNM [S] 0.28 0.30 0.35 0.380 0.44 7 7073 SEACERA [S] 0.10 0.12 0.15 0.190 0.24 8 4057 ASIAPAC [S] 0.08 0.09 0.10 0.125 9 8893 MKLAND [S] 0.13 0.15 0.16 0.170 10 1643 LANDMRK 0.41 0.45 0.49 11 5657 PARKSON [S] 0.12 0.14 12 3905 MULPHA 1.70 13 8931 JERASIA [S] 14 3573 15 Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 0.090 0.065 0.062 20.0 20.0 57.17 1.366 0.924 1.331 50.0 50.0 67.56 14.200 1.696 2.219 97.2 83.7 1.00 57.70 27.170 4.216 6.280 94.7 71.2 0.45 2.00 40.93 0.012 0.044 0.072 0.0 27.8 0.48 0.53 2.00 55.37 33.812 50.252 117.918 64.7 56.8 0.29 0.33 1.25 42.13 1.437 1.194 1.621 20.0 20.0 0.15 0.16 0.17 1.00 35.82 0.214 0.495 0.558 33.3 33.3 0.21 0.22 0.23 4.00 37.60 0.347 0.147 0.278 33.3 33.3 0.540 0.62 0.67 0.76 1.60 58.06 0.056 0.044 0.253 47.1 28.7 0.17 0.205 0.24 0.27 0.31 1.00 23.56 0.565 1.838 0.783 16.7 12.0 1.80 1.92 2.130 2.26 2.42 2.60 0.62 49.40 0.014 0.046 0.068 75.0 62.5 0.24 0.27 0.30 0.350 0.43 0.46 0.49 1.60 47.39 0.001 0.000 0.004 23.1 66.0 LIENHOE [S] 0.22 0.23 0.24 0.280 0.30 0.32 0.35 0.50 54.42 0.003 0.039 0.146 75.0 50.0 5156 XDL 0.05 0.06 0.07 0.085 0.10 0.11 0.12 1.00 41.41 11.912 6.468 8.716 0.0 0.0 16 4375 SMI [S] 0.08 0.10 0.12 0.145 0.18 0.20 0.22 1.40 43.95 0.050 0.041 0.039 33.3 44.4 17 8486 LIONFIB [S] 0.30 0.35 0.38 0.475 0.52 0.58 0.63 0.47 63.85 0.007 0.018 0.018 100.0 63.9 18 7382 GLBHD [S] 0.26 0.30 0.34 0.395 0.44 0.48 0.52 0.82 50.12 0.001 0.009 0.006 41.7 60.6 19 3395 BJCORP 0.20 0.22 0.24 0.260 0.29 0.31 0.33 1.50 51.47 5.157 14.907 7.708 50.0 50.0 20 7126 LONBISC [S] 0.03 0.05 0.09 0.115 0.15 0.21 0.24 1.40 29.09 9.240 5.252 11.214 18.2 10.2 Sources: Bloomberg, TA Securities Legend: Reward Ratio = (R1 - CP)/ (CP - S1) Where CP = Current Price Upgrade in price levels shaded dark green and bold Downgrade in price levels lightly shaded RSI: The Relative Strength Index (RSI) is used to measure the velocity of a security's price movement to identify overbought and oversold conditions. RSI reading below 30 indicates an oversold condition, while RSI value greater than 70 indicates overbought condition. Stochastics: measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period. When Reward Ratio increase to > 1; RSI < 30 & Stochastics %K & %D < 30 = oversold; look to BUY When Reward Ratio decrease to < 1; RSI > 70 & Stochastics %K & %D > 70 = overbought; look to SELL Page 2 of 2
39. Technical View Monday , August 19, 2019 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Stock Screen Malaysia End Day Census of 16.08.2019 Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Report Description: The Weekly Stock Screen is a retail product which can be a very useful guide for momentum trading and trading ideas. The following list is derived from the screening of more than 1000 stocks currently listed on Bursa Malaysia to identify: the top 20 breakout, 20 breakdown, and 20 ‘potential’ breakout stocks which just climbed above the middle Bollinger band, with potential to appreciate toward the upper Bollinger band. This report also includes the top 20 overbought, and top 20 oversold stocks. *Note: To qualify in the list below, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for short-term BUY ideas, as they are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL. Caveat: Some stocks may continue to stay range bound and trade sideways, hence traders should refer to their respective daily charts to spot accumulation (volume growth) or breakout patterns. [MIDDLE BOLLINGER RANGEBOUND] List of 20 Potential Breakout Stocks (Short-term BUY for upside toward Upper Bollinger Band or higher to TAKE PROFIT/ SELL) No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Stock Name SIME DARBY PLANTATION BHD AJ INOMOTO MALAYSIA BHD LTKM BHD SUNGEI BAGAN RUBBER (M) NPC RESOURCES BHD MMC CORP BHD ANALABS RESOURCES BHD PENTAMASTER CORP BHD DRB-HICOM BHD KLCCP STAPLED GROUP CWG HOLDINGS BHD DKLS INDUSTRIES BERHAD UZMA BHD BERJ AYA SPORTS TOTO BHD KOBAY TECHNOLOGY BHD IOI CORP BHD SUBUR TIASA HOLDINGS BHD EKSONS CORP BHD SPRITZER BHD DIALOG GROUP BHD Price 4.70 17.48 1.35 3.05 1.90 1.12 1.02 3.65 2.72 7.90 0.46 1.72 0.67 2.73 1.59 4.23 0.54 0.78 2.29 3.53 Bollinger Band Lower Middle Upper 4.44 4.66 4.88 17.20 17.39 17.58 1.13 1.29 1.45 2.79 2.97 3.15 1.69 1.83 1.97 1.02 1.10 1.18 0.93 1.00 1.08 3.33 3.52 3.70 2.42 2.60 2.77 7.79 7.87 7.95 0.38 0.44 0.51 1.64 1.70 1.77 0.58 0.64 0.71 2.60 2.69 2.77 1.47 1.55 1.63 4.15 4.21 4.27 0.46 0.52 0.57 0.72 0.76 0.81 2.21 2.26 2.32 3.35 3.45 3.55 RSI 14-day 50.32 52.51 76.01 54.07 54.33 53.50 48.95 67.35 67.99 55.46 54.93 50.63 54.37 55.00 59.19 51.33 53.17 53.63 54.15 63.52 5-day 4.69 17.44 1.33 3.06 1.89 1.06 1.05 3.55 2.64 7.88 0.48 1.71 0.62 2.70 1.53 4.23 0.53 0.78 2.28 3.45 Moving Average 10-day 30-day 4.60 4.73 17.43 17.46 1.33 1.19 3.03 2.97 1.89 1.83 1.06 1.12 1.01 1.03 3.51 3.41 2.63 2.53 7.89 7.85 0.47 0.43 1.72 1.72 0.61 0.66 2.67 2.73 1.52 1.54 4.20 4.22 0.53 0.51 0.78 0.76 2.26 2.25 3.43 3.43 50-day 4.74 17.47 1.14 2.97 1.88 1.11 1.08 3.18 2.38 7.83 0.43 1.74 0.67 2.69 1.51 4.24 0.52 0.77 2.26 3.37 Vol 2,134,300 15,900 2,882,600 4,400 15,000 2,015,000 12,000 2,736,600 7,728,100 1,229,500 15,700 11,000 2,451,300 940,000 37,700 1,856,600 2,200 22,000 8,300 13,107,600 20-day avg vol 2,053,220 9,115 407,205 2,280 1,275 1,722,375 6,060 2,046,735 6,636,350 855,540 8,965 725 2,572,890 794,520 30,655 1,934,665 2,630 14,240 3,580 8,653,680 Raw data sourced from Bloomberg INTERPRETATION OF TECHNICAL INDICATORS: Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day, and negative if it remains below this average. 14-day RSI: A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30-day SMA should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day SMA is bearish and imply further near-term downside risk. Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders will buy on price breaks above the upper band, and sell when price breaks below the lower band. Alternatively, a sharp move that originates at one band tends to go all the way to the other band, a useful observation when projecting price targets. Page 1 of 3
40. *Note: To qualify in the breakout list below, the first sorting criteria is stock price must close ABOVE the upper Bollinger Band, followed by a second criteria that trading volume for the day must be significantly higher than the 20-day average volume, which signal a bullish breakout. Caveat: We would caution momentum traders that a highly overbought 14-day RSI reading (> 80) and share price pullback BELOW the upper Bollinger Band are early warning signals to exit buy breakout trades. [UPPER BOLLINGER BREAKOUT] Top 20 Breakout Stocks (Generally BULLISH, but can be short-term TAKE PROFIT/SELL guide) No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Stock Name NESTLE (MALAYSIA) BERHAD CARING PHARMACY GROUP BHD SARAWAK CONSOLIDATED INDUSTR WIDETECH (MALAYSIA) BHD ESTHETICS INTL GROUP BHD KWANTAS CORP BHD NAIM HOLDINGS BERHAD SERBA DINAMIK HOLDINGS BHD LION FOREST INDUSTRIES BHD KEN HOLDINGS BHD KUMPULAN POWERNET BHD OVERSEA ENTERPRISE BHD MYCRON STEEL BHD SAMCHEM HOLDINGS BHD HCK CAPITAL GROUP BHD GAS MALAYSIA BHD ECOFIRST CONSOLIDATED BHD VERSATILE CREATIVE BHD DIGISTAR CORP BHD TIGER SYNERGY BHD Price Bollinger Band Lower Middle Upper 149.00 147.08 147.99 148.90 2.24 1.77 1.98 2.18 1.21 0.92 1.04 1.16 0.70 0.41 0.53 0.65 0.68 0.53 0.58 0.64 0.85 0.66 0.74 0.81 0.98 0.83 0.89 0.94 4.26 3.94 4.08 4.23 0.48 0.37 0.41 0.45 0.66 0.53 0.59 0.64 0.84 0.72 0.78 0.83 0.15 0.10 0.12 0.14 0.32 0.26 0.28 0.31 0.61 0.55 0.57 0.60 1.25 1.21 1.23 1.25 2.89 2.83 2.86 2.89 0.33 0.29 0.31 0.32 0.34 0.31 0.32 0.34 0.06 0.04 0.05 0.06 0.06 0.05 0.05 0.06 RSI 14-day 59.64 84.31 69.82 70.43 63.92 62.94 67.56 65.94 63.85 58.46 63.73 59.87 59.98 65.93 60.77 57.02 69.31 58.47 71.33 61.50 Moving Average 5-day 147.80 2.07 1.06 0.60 0.59 0.77 0.87 4.09 0.43 0.60 0.77 0.12 0.28 0.57 1.22 2.86 0.32 0.32 0.06 0.05 10-day 30-day 50-day 147.79 148.09 148.25 2.00 1.95 1.93 1.06 1.00 1.00 0.53 0.54 0.55 0.58 0.60 0.60 0.75 0.75 0.78 0.87 0.89 0.87 4.06 4.10 4.09 0.41 0.42 0.42 0.60 0.60 0.64 0.77 0.78 0.80 0.12 0.12 0.12 0.28 0.29 0.29 0.57 0.58 0.58 1.23 1.23 1.24 2.86 2.87 2.86 0.31 0.30 0.30 0.32 0.33 0.33 0.05 0.05 0.05 0.05 0.05 0.05 Vol 44,200 95,300 4,634,400 20,100 1,200 10,000 14,346,500 5,531,400 6,800 10,000 617,200 1,000 7,100 684,000 123,600 77,200 576,000 2,000 656,300 23,225,800 20-day avg vol 61,720 36,565 268,345 1,955 18,805 3,600 2,218,875 2,733,935 17,530 1,530 231,365 36,750 14,045 142,070 74,820 456,180 408,870 58,965 950,030 2,123,760 Raw data sourced from Bloomberg *Note: As for the top 20 breakdown list below, te sole sorting criteria is stock price must close significantly BELOW the lower Bollinger Band, with the largest distance from the lower band at the top of the table, signaling a severe sell-off which is bearish. Caveat: A stock should bottom out if share price moves ABOVE the falling lower Bollinger Band, which can be a good buy signal for technical rebound upside after the sharp sell-off. [LOWER BOLLINGER BREAKDOWN] Top 20 Breakdown Stocks (Generally BEARISH, but can be short-term BUY guide) No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Stock Name PANASONIC MANUFACTURING MALA ALLIANZ MALAYSIA BHD BURSA MALAYSIA BHD AEON CREDIT SERVICE M BHD COUNTRY HEIGHTS HOLDINGS BHD METROD HOLDINGS BHD KIM HIN INDUSTRY BERHAD FAR EAST HOLDINGS BHD SIME DARBY PROPERTY BHD TASCO BHD KUMPULAN PERANGSANG SELANGOR MCE HOLDINGS BHD WOODLANDOR HOLDINGS BHD GLOBALTEC FORMATION BHD HUA YANG BHD BP PLASTICS HOLDING BHD MALPAC HOLDINGS BERHAD FIBON BHD TH PLANTATIONS BHD SYMPHONY LIFE BHD Price 39.54 13.24 6.04 15.78 1.31 1.50 1.10 2.51 0.85 1.13 0.80 0.61 0.62 0.38 0.38 0.96 0.71 0.35 0.43 0.39 Bollinger Band RSI Lower Middle Upper 14-day 39.75 39.99 40.23 40.74 13.33 13.73 14.13 26.33 6.11 6.65 7.18 22.57 15.83 16.41 16.99 25.90 1.35 1.44 1.54 29.11 1.53 1.69 1.85 31.48 1.13 1.17 1.21 36.57 2.54 2.64 2.74 37.58 0.87 0.96 1.05 22.52 1.15 1.20 1.26 32.93 0.82 0.92 1.01 20.38 0.63 0.68 0.72 40.59 0.62 0.74 0.85 33.84 0.38 0.40 0.41 26.33 0.39 0.44 0.49 33.51 0.97 1.00 1.02 32.28 0.72 0.81 0.91 35.23 0.36 0.39 0.43 33.94 0.44 0.48 0.52 31.35 0.39 0.40 0.42 31.39 Raw data sourced from Bloomberg Page 2 of 3 5-day 40.03 13.55 6.42 16.16 1.41 1.59 1.16 2.62 0.92 1.19 0.87 0.66 0.66 0.39 0.41 0.98 0.75 0.38 0.46 0.40 Moving Average 10-day 30-day 40.03 39.97 13.64 13.80 6.48 6.79 16.24 16.55 1.43 1.47 1.67 1.67 1.16 1.18 2.66 2.65 0.94 0.98 1.20 1.23 0.89 0.95 0.67 0.69 0.70 0.73 0.40 0.40 0.43 0.43 0.99 1.01 0.79 0.83 0.38 0.41 0.47 0.49 0.40 0.41 50-day 39.41 13.81 6.71 16.59 1.48 1.68 1.18 2.70 1.01 1.27 0.98 0.68 0.69 0.41 0.42 1.03 0.89 0.45 0.50 0.41 Vol 26,900 61,900 1,721,100 147,800 11,400 3,000 2,500 100 7,965,600 15,800 838,400 2,200 10,100 264,100 612,300 39,900 3,000 5,000 223,000 13,500 20-day avg vol 8,635 26,250 766,310 135,280 86,510 350 6,320 8,085 3,458,020 22,710 625,960 3,915 7,570 964,715 451,175 53,105 480 4,270 81,305 31,740
41. *Note: The list below is the 20 most overbought of the 1000 over Bursa Malaysia listed stocks with 14-day RSI above 80. It is generally a bearish or SELL list, especially if the readings approach 90. Caveat: The list consists of fundamentally sound stocks, and hence are long-term BUY or HOLD stocks. TOP 20 OVERBOUGHT STOCKS (Generally BEARISH short-term, but are LONG-TERM BUY or HOLD) No Stock Name Bollinger Band Price 1 CARING PHARMACY GROUP BHD 2 MNC WIRELESS BHD 3 TASEK CORP BHD 4 DATASONIC GROUP BHD 5 LTKM BHD 6 KOMARKCORP BHD 7 MAGNA PRIMA BHD 8 HUBLINE BHD 9 KEJ URUTERAAN ASASTERA BHD 10 DIGISTAR CORP BHD 11 WIDETECH (MALAYSIA) BHD 12 SARAWAK CONSOLIDATED INDUSTR 13 BREM HOLDING BHD 14 ECOFIRST CONSOLIDATED BHD 15 DRB-HICOM BHD 16 SEALINK INTERNATIONAL BHD 17 NAIM HOLDINGS BERHAD 18 PENTAMASTER CORP BHD 19 SERBA DINAMIK HOLDINGS BHD 20 SAMCHEM HOLDINGS BHD Raw data sourced from Bloomberg 2.24 0.08 5.80 0.89 1.35 0.34 1.22 0.05 0.26 0.06 0.70 1.21 0.78 0.33 2.72 0.25 0.98 3.65 4.26 0.61 RSI Moving Average Lower Middle Upper 14-day 5-day 10-day 30-day 50-day 1.77 1.98 2.18 84.31 2.07 2.00 1.95 1.93 0.01 0.05 0.09 80.66 0.08 0.06 0.04 0.04 5.40 5.65 5.91 79.98 5.80 5.75 5.60 5.57 0.61 0.75 0.90 76.65 0.85 0.78 0.74 0.65 1.13 1.29 1.45 76.01 1.33 1.33 1.19 1.14 0.26 0.30 0.34 75.87 0.31 0.31 0.29 0.29 0.99 1.13 1.27 73.76 1.18 1.16 1.04 0.98 0.04 0.05 0.05 73.65 0.05 0.05 0.05 0.05 0.20 0.23 0.26 72.63 0.25 0.24 0.22 0.22 0.04 0.05 0.06 71.33 0.06 0.05 0.05 0.05 0.41 0.53 0.65 70.43 0.60 0.53 0.54 0.55 0.92 1.04 1.16 69.82 1.06 1.06 1.00 1.00 0.74 0.76 0.78 69.81 0.77 0.76 0.75 0.74 0.29 0.31 0.32 69.31 0.32 0.31 0.30 0.30 2.42 2.60 2.77 67.99 2.64 2.63 2.53 2.38 0.19 0.23 0.27 67.93 0.25 0.25 0.21 0.19 0.83 0.89 0.94 67.56 0.87 0.87 0.89 0.87 3.33 3.52 3.70 67.35 3.55 3.51 3.41 3.18 3.94 4.08 4.23 65.94 4.09 4.06 4.10 4.09 0.55 0.57 0.60 65.93 0.57 0.57 0.58 0.58 Vol 95,300 24,036,200 10,600 21,648,000 2,882,600 7,685,200 47,000 620,000 2,578,600 656,300 20,100 4,634,400 127,000 576,000 7,728,100 1,628,100 14,346,500 2,736,600 5,531,400 684,000 20-day avg vol 36,565 11,021,670 44,710 14,829,090 407,205 3,205,395 95,700 3,850,575 1,847,555 950,030 1,955 268,345 34,395 408,870 6,636,350 5,220,955 2,218,875 2,046,735 2,733,935 142,070 *Note: The list below is the 20 of the most oversold of the 1000 over Bursa Malaysia listed stocks with 14-day RSI close to and below 30, the level below which is considered oversold. It is generally a short-term bullish or BUY list for technical rebound gains, especially if the readings are below 20. Caveat: The list consists of fundamentally weak stocks, and hence could be an AVOID list. TOP 20 OVERSOLD STOCKS (Generally BULLISH short-term, but AVOID fundamentally weak stocks) No Stock Name Price 1 HONG LEONG FINANCIAL GROUP 2 SP SETIA BHD 3 MATANG BHD 4 SUPERLON HOLDINGS BHD 5 MKH BHD 6 AJ IYA BHD 7 HEVEABOARD BHD 8 UNISEM (M) BERHAD 9 PUBLIC BANK BERHAD 10 PLS PLANTATIONS BHD 11 PETRONAS DAGANGAN BHD 12 KUMPULAN PERANGSANG SELANGOR 13 CYPARK RESOURCES BHD 14 BINA PURI HOLDINGS BHD 15 SIME DARBY PROPERTY BHD 16 BURSA MALAYSIA BHD 17 BRITISH AMERICAN TOBACCO BHD 18 PETRON MALAYSIA REFINING & M 19 MALAYSIA BUILDING SOCIETY 20 BIMB HOLDINGS BHD Raw data sourced from Bloomberg 16.88 1.66 0.07 0.75 1.12 0.43 0.55 2.03 20.80 0.78 22.80 0.80 1.33 0.13 0.85 6.04 22.26 5.59 0.83 4.01 Bollinger Band RSI Lower Middle Upper 14-day 16.73 17.89 19.05 12.58 1.66 1.92 2.17 12.76 0.07 0.07 0.07 12.87 0.73 0.85 0.98 15.05 1.12 1.18 1.25 15.19 0.42 0.46 0.50 16.42 0.55 0.59 0.63 16.65 1.98 2.19 2.39 17.43 20.37 21.87 23.37 17.74 0.76 0.86 0.96 18.17 22.54 23.63 24.72 19.92 0.82 0.92 1.01 20.38 1.29 1.41 1.53 21.45 0.13 0.17 0.21 22.33 0.87 0.96 1.05 22.52 6.11 6.65 7.18 22.57 18.42 25.09 31.77 22.86 5.44 5.87 6.29 23.03 0.82 0.87 0.92 23.10 3.93 4.23 4.53 23.17 Moving Average 5-day 10-day 30-day 50-day 17.29 17.46 18.24 18.41 1.78 1.83 2.00 2.06 0.07 0.07 0.07 0.07 0.77 0.81 0.90 0.94 1.14 1.17 1.21 1.22 0.44 0.45 0.47 0.49 0.57 0.58 0.60 0.62 2.06 2.11 2.26 2.36 21.06 21.33 22.32 22.67 0.80 0.82 0.89 0.92 23.12 23.24 24.20 24.73 0.87 0.89 0.95 0.98 1.34 1.37 1.46 1.50 0.14 0.16 0.18 0.18 0.92 0.94 0.98 1.01 6.42 6.48 6.79 6.71 22.77 22.68 26.81 27.58 5.63 5.70 5.97 6.11 0.85 0.85 0.88 0.91 4.10 4.14 4.35 4.45 Vol 129,400 2,543,500 154,000 125,700 377,200 29,800 302,900 587,800 5,324,700 131,100 259,600 838,400 111,700 1,994,300 7,965,600 1,721,100 364,100 71,500 3,127,300 1,122,700 20-day avg vol 425,320 2,304,970 778,455 477,960 177,600 75,665 548,960 85,795 4,253,960 82,725 412,655 625,960 285,395 2,600,285 3,458,020 766,310 677,145 68,095 2,414,250 741,140 Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, August 19, 2019, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 3 of 3
42. Monday , 19 August, 2019 TA RESEARCH’S ‘DAILY COMPILED REPORTS’ For Internal Circulation Only Fo re i gn Te ch n ic al R e p o rt s 1. Fore i gn Te ch n i ca l St o c k W at ch ( A US ) 2. Fore i gn Te ch n i ca l St o c k W at ch ( HK ) 3. Fore i gn Te ch n i ca l St o c k W at ch ( F SS T I ) 4. Fore i gn Te ch n i ca l St o c k W at ch ( U S) Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my
43. Technical View Monday , August 19, 2019 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Australia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my WOODSIDE PETROLEUM AUD31.22 BOLLINGER BANDS Upper Middle Lower AUD AUD AUD SIMPLE MOVING AVERAGES 35.30 33.63 31.95 10-day 30-day 50-day AUD AUD AUD SELL Recent Signal DMI 32.99 34.29 34.92 DAILY MACD Recent Signal BOLLINGER BANDS AUD AUD AUD SELL AUD12.05 QBE INSURANCE Upper Middle Lower www.taonline.com.my SIMPLE MOVING AVERAGES 12.62 12.04 11.46 10-day 30-day 50-day BUY Recent Signal AUD AUD AUD 11.94 11.98 11.96 DMI Recent Signal SELL Page 1 of 5
44. 19-Aug-19 MACQUARIE GROUP AUD118 .50 BOLLINGER BANDS Upper Middle Lower AUD AUD AUD SIMPLE MOVING AVERAGES 132.95 125.27 117.60 10-day 30-day 50-day AUD AUD AUD 121.79 126.08 125.43 DAILY MACD Recent Signal SELL Recent Signal OIL SEARCH SELL AUD6.31 BOLLINGER BANDSCQ SIMPLE MOVING AVERAGES Upper AUD 7.26 10-day AUD 6.94 Middle Lower AUD AUD 6.97 6.67 30-day 50-day AUD AUD 7.00 7.02 DMI Recent Signal DAILY MACD SELL Recent Signal SELL Page 2 of 5
45. 19-Aug-19 WEEKLY FOREIGN STOCK WATCH UPDATE The table below consists of the top 30 ASX 200 Index component stocks , weighted by market capitalization in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section. The technical BUY/SELL signals on the last two columns are auto generated. Name ASX 200 BHP BILLITON RIO TINTO COMMONW BK AUSTR WESTPAC BANKING AUST AND NZ BANK NATL AUST BANK WESFARMERS WOODSIDE PETRO NEWCREST MINING FORTESCUE METALS QBE INSURANCE ORIGIN ENERGY AMP SANTOS MACQUARIE GROUP SUNCORP GROUP ORICA OIL SEARCH COCA-COLA AMATIL AMCOR STOCKLAND ALUMINA COMPUTERSHARE QANTAS AIR WAYS SIMS METAL MGMT Close Bollinger Bands RSI Moving Averages DMI MACD DMI MACD Change High Low 16-Aug Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent Signal 6405.50 -2.59 6425.30 6396.00 6421.82 6674.92 6928.03 32.49 6572.18 6676.88 6647.22 16.82 43.08 30.99 (26.26) -40.65 -10.62 (30.023) SELL SELL 36.20 84.83 75.06 27.82 26.36 27.01 37.77 31.22 36.19 7.69 12.06 7.01 1.72 6.59 118.50 13.08 20.78 6.31 10.20 14.35 4.44 2.20 14.45 5.54 9.57 -0.19 -0.77 0.72 0.21 0.13 0.21 0.04 0.04 -0.58 0.19 0.11 -0.08 -0.10 0.02 0.50 -0.01 -0.15 -0.24 -0.04 -0.19 0.01 -0.09 0.06 -0.04 -0.08 36.60 85.55 75.25 27.89 26.44 27.12 38.05 31.37 37.28 7.71 12.15 7.14 1.83 6.63 118.84 13.14 20.95 6.46 10.38 14.54 4.48 2.29 14.64 5.63 9.60 36.10 84.32 74.45 27.54 26.08 26.66 37.51 30.81 35.86 7.43 11.91 7.00 1.71 6.49 117.82 13.04 20.71 6.30 10.19 14.32 4.42 2.18 14.31 5.51 9.43 35.27 82.24 76.18 27.54 26.39 26.98 37.81 31.95 32.21 6.61 11.46 6.90 1.72 6.49 117.60 12.88 19.88 6.67 10.13 14.88 4.46 2.18 14.39 5.53 9.24 39.08 93.60 80.73 28.34 27.37 27.99 39.02 33.63 35.67 7.87 12.04 7.51 1.81 6.90 125.27 13.39 21.13 6.97 10.42 15.47 4.60 2.29 15.55 5.72 10.27 42.89 104.96 85.28 29.14 28.34 29.01 40.24 35.30 39.13 9.13 12.62 8.11 1.91 7.30 132.95 13.90 22.38 7.26 10.70 16.06 4.74 2.40 16.70 5.90 11.31 28.14 27.23 23.11 41.15 31.82 35.43 43.69 24.23 60.24 42.62 48.52 38.88 45.90 37.21 32.41 43.43 48.07 35.23 46.16 28.33 40.62 50.02 26.16 44.39 37.67 37.24 88.43 79.03 28.22 27.00 27.71 38.70 32.99 37.20 7.29 11.94 7.25 1.83 6.74 121.79 13.36 21.50 6.94 10.33 15.30 4.56 2.25 15.05 5.70 9.82 39.76 40.07 18.81 43.33 27.44 (24.52) 96.57 98.78 18.90 42.70 34.97 (23.80) 80.93 81.13 13.83 46.69 28.64 (32.86) 28.19 28.17 19.82 27.30 13.77 (7.49) 27.38 27.76 13.87 32.15 20.22 (18.28) 27.64 27.31 18.23 29.96 19.64 (11.74) 38.56 37.80 19.19 26.73 18.86 (7.54) 34.29 34.92 8.72 48.30 41.27 (39.58) 34.40 32.95 36.54 17.49 44.25 19.05 8.19 8.40 17.67 33.54 32.88 (15.87) 11.98 11.96 30.47 22.22 19.45 8.25 7.50 7.39 21.84 35.71 23.71 (13.87) 1.89 1.98 20.52 21.80 28.98 (1.28) 6.92 6.95 17.29 35.99 18.48 (18.70) 126.08 125.43 18.07 39.70 27.04 (21.63) 13.36 13.39 23.99 32.04 16.10 (8.05) 20.85 20.75 30.26 23.11 24.11 7.15 7.00 7.02 21.21 36.43 10.56 (15.22) 10.41 10.31 22.48 25.79 15.00 (3.31) 15.61 15.76 19.90 45.17 19.82 (25.27) 4.59 4.50 16.78 30.76 21.11 (13.98) 2.28 2.33 22.45 25.42 14.91 (2.96) 15.89 16.21 21.59 39.70 46.36 (18.11) 5.71 5.62 24.04 30.84 17.25 (6.80) 10.30 10.33 20.00 35.30 24.79 (15.30) -1.05 -3.98 -1.13 0.01 -0.26 0.04 0.19 -0.72 1.42 -0.35 -0.02 -0.08 -0.04 -0.09 -1.76 0.01 0.25 -0.05 0.02 -0.22 0.00 -0.01 -0.43 0.02 -0.18 -0.78 -3.22 -0.42 0.07 -0.18 0.21 0.37 -0.59 1.46 -0.33 0.01 -0.04 -0.06 -0.06 -0.98 0.01 0.28 -0.03 0.04 -0.15 0.03 -0.02 -0.38 0.03 -0.12 (0.270) (0.754) (0.704) (0.066) (0.086) (0.173) (0.188) (0.127) (0.039) (0.024) (0.022) (0.047) 0.017 (0.031) (0.780) (0.002) (0.025) (0.024) (0.021) (0.068) (0.026) 0.006 (0.054) (0.011) (0.063) SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL BUY SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 3 of 5
46. 19-Aug-19 Fundamentals of Foreign Technical Picks Bloomberg Stock Name Ticker BHP AU BHP BILLITON LTD RIO AU RIO TINTO LTD CBA AU COMMONW BK AUS TR WBC AU WES TPAC BANKING ANZ AU AUS T AND NZ BANK NAB AU NATL AUS T BANK WES AU WES FARMERS LTD WPL AU WOODS IDE PETRO NCM AU NEWCRES T MINING FMG AU FORTES CUE METALS QBE AU QBE INS URANCE ORG AU ORIGIN ENERGY AMP AU AMP LTD S TO AU S ANTOS LTD MQG AU MACQUARIE GROUP S UN AU S UNCORP GROUP LT ORI AU ORICA LTD OS H AU OIL S EARCH LTD CCL AU COCA-COLA AMATIL AMC AU AMCOR LTD S GP AU S TOCKLAND AWC AU ALUMINA LTD CPU AU COMPUTERS HARE LT QAN AU QANTAS AIRWAYS S GM AU S IMS METAL MGMT EPS ($) PER(x) Div Yield(%) 52week Price Close Target % upside Price 2018 2019 2018 2019 2018 2019 High Low % Chg YTD 36.20 84.83 75.06 27.82 26.36 27.01 37.77 31.22 36.19 7.69 12.06 7.01 1.72 6.59 118.50 13.08 20.78 6.31 10.20 14.35 4.44 2.20 14.45 5.54 9.57 37.36 90.67 75.10 29.19 28.44 27.92 33.02 36.14 29.13 8.11 12.52 8.49 1.70 7.50 135.09 13.72 20.40 8.02 8.82 16.52 4.30 2.44 16.92 6.44 11.16 1.92 6.68 4.95 2.07 2.37 2.10 2.05 1.43 1.09 0.97 0.64 0.58 0.10 0.37 8.72 0.88 0.96 0.28 0.51 0.63 0.35 0.14 0.67 0.59 0.79 2.27 5.99 5.13 2.28 2.31 2.22 1.75 1.74 0.95 1.21 0.65 0.61 0.15 0.42 9.02 0.93 1.09 0.34 0.54 0.69 0.35 0.12 0.74 0.65 0.86 12.8 8.6 15.2 13.4 11.1 12.9 18.4 14.9 22.6 5.4 12.8 12.0 17.6 12.0 13.6 14.9 21.7 15.4 19.9 15.4 12.6 11.0 14.6 9.4 12.1 10.8 9.6 14.6 12.2 11.4 12.2 21.6 12.2 25.8 4.3 12.6 11.4 11.3 10.8 13.1 14.1 19.1 12.6 19.0 14.1 12.7 12.6 13.3 8.5 11.2 5.939 5.770 5.707 6.693 6.089 6.146 6.542 3.677 0.729 10.078 3.219 2.853 1.626 1.684 5.025 5.512 2.575 2.076 4.441 3.233 6.261 4.818 2.173 4.282 4.504 4.693 5.084 5.650 6.578 6.172 6.175 4.048 4.369 0.630 10.429 3.492 4.836 4.064 1.684 5.204 5.550 2.979 2.504 4.529 3.317 6.329 4.909 2.367 4.734 4.054 42.33 106.90 83.99 30.44 30.39 29.00 40.43 39.38 38.87 9.55 13.16 9.24 3.53 7.49 136.84 15.54 22.45 9.23 10.74 16.74 4.74 3.20 20.80 6.92 15.15 29.05 66.23 65.23 23.30 22.98 22.52 29.51 29.33 18.57 3.22 9.50 6.03 1.71 5.14 103.30 12.05 16.02 6.30 7.88 12.67 3.42 2.12 14.18 5.18 8.91 10.32 13.29 3.69 11.10 7.77 12.21 20.75 -0.32 66.01 100.19 19.36 8.35 -29.69 20.26 9.07 4.17 20.46 -11.87 24.54 8.30 26.14 -4.35 -15.94 -4.40 -4.68 3% 6% 0% 5% 7% 3% -14% 14% -24% 5% 4% 17% -1% 12% 12% 5% -2% 21% -16% 13% -3% 10% 15% 14% 14% Note: The above data is based on Bloomberg consensus Page 4 of 5
47. 19-Aug-19 LIST OF RECOMMENDED BUY STOCKS FROM JANUARY 2018 TO CURRENT Stock ALUMINA ALUMINA AMCOR LTD AMCOR LTD COMPUTERSHARE MACQUARIE MACQUARIE NATIONAL AUSTRALIA BANK NATIONAL AUSTRALIA BANK OIL SEARCH OIL SEARCH OIL SEARCH OIL SEARCH OIL SEARCH ORIGIN ENERGY ORIGIN ENERGY ORIGIN ENERGY QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QBE INSURANCE QBE INSURANCE QBE INSURANCE RIO TINTO RIO TINTO STOCKLAND SUNCORP GROUP WESTPAC BANKING WOODSIDE WOODSIDE WOODSIDE REC BUY Date Price 7 /May/19 2.16 17/Jul/19 2.19 10/Aug/18 14.12 9/Oct/18 13.40 18/Apr/19 17.80 16/Jan/19 114.98 4/Jun/19 116.10 20/Jul/18 28.12 27/Mar/19 24.92 19/Apr/18 7.77 26/Aug/18 8.52 23/Nov/18 7.35 15/Feb/19 8.02 24/Apr/19 8.20 17/Apr/18 9.23 13/Dec/18 7.11 15/Mar/19 7.27 16/Mar/18 5.99 3/Oct/18 5.67 10/May/19 5.55 10/Nov/19 5.67 24/Jan/18 10.43 24/Jul/18 9.89 8/Jan/19 10.23 29/Aug/18 73.40 7/Dec/18 72.21 16/Jan/18 4.28 31/May/18 13.46 5/Apr/18 28.77 12/Apr/18 30.44 23/Oct/18 34.30 20/Mar/19 35.45 Total funds invested * Total unrealised profit Return 16-Aug-19 Price 2.20 2.24 14.35 14.35 14.45 118.50 118.50 27.01 27.01 6.31 6.31 6.31 6.31 6.31 7.01 7.01 7.01 5.54 5.54 5.54 5.54 12.06 12.06 12.06 84.83 84.83 4.44 13.08 27.82 31.22 31.22 31.22 Change (+/-) 0.04 0.05 0.23 0.95 (3.35) 3.52 2.40 (1.11) 2.09 (1.46) (2.21) (1.04) (1.71) (1.89) (2.22) (0.10) (0.26) (0.46) (0.14) (0.01) (0.14) 1.63 2.17 1.83 11.43 12.62 0.16 (0.38) (0.95) 0.78 (3.08) (4.23) pct ST 1.85 2.28 1.63 7.09 (18.82) 3.06 2.07 (3.95) 8.39 (18.79) (25.94) (14.15) (21.32) (23.05) (24.05) (1.41) (3.58) (7.60) (2.38) (0.27) (2.38) 15.58 21.89 17.84 15.57 17.48 3.74 (2.82) (3.30) 2.56 (8.98) (11.93) 743,000 15,155 2.04% Upside Targets MT LT 2.42 2.60 2.83 2.42 2.60 2.83 15.17 15.77 16.73 15.17 15.77 16.73 15.42 16.69 17.47 136.84 146.28 152.12 136.84 146.28 152.12 30.64 32.55 33.74 30.64 32.55 33.74 6.88 7.33 7.70 6.88 7.33 7.70 6.88 7.33 7.70 6.88 7.33 7.70 6.88 7.33 7.70 7.63 8.25 9.02 7.63 8.25 9.02 7.63 8.25 9.02 6.09 6.41 6.92 6.09 6.41 6.92 6.09 6.41 6.92 6.09 6.41 6.92 12.58 13.62 14.65 12.58 13.62 14.65 12.58 13.62 14.65 91.36 97.29 106.89 91.36 97.29 106.89 4.98 5.34 5.57 14.09 14.77 15.87 29.48 31.40 33.31 35.17 36.78 39.38 35.17 36.78 39.39 35.17 36.78 39.38 ST 10.00 8.04 5.71 5.71 6.71 15.48 15.48 13.44 13.44 9.03 9.03 9.03 9.03 9.03 8.84 8.84 8.84 10.03 10.03 10.03 10.03 4.36 4.36 4.36 7.70 7.70 12.16 7.72 5.97 12.65 12.65 12.65 % Upside MT 18.18 16.07 9.90 9.90 15.50 23.44 23.44 20.51 20.51 16.16 16.16 16.16 16.16 16.16 17.69 17.69 17.69 15.81 15.81 15.81 15.81 12.98 12.98 12.98 14.69 14.69 20.27 12.92 12.87 17.81 17.81 17.81 LT 28.64 26.34 16.59 16.59 20.90 28.37 28.37 24.92 24.92 22.03 22.03 22.03 22.03 22.03 28.67 28.67 28.67 25.02 25.02 25.02 25.02 21.53 21.53 21.53 26.00 26.00 25.45 21.33 19.73 26.14 26.17 26.14 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from January 2018 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, August 19, 2019, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 5 of 5
48. Technical View Monday , August 19, 2019 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Hong Kong Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my CNOOC LTD www.taonline.com.my HKD11.36 \ BOLLINGER BANDS Upper Middle Lower HKD HKD HKD 13.83 12.45 11.07 SIMPLE MOVING AVERAGES 10-day 30-day 50-day HKD HKD HKD DMI DAILY MACD Recent Signal SELL Recent Signal BOLLINGER BANDS HKD HKD HKD 4.42 4.05 3.68 SIMPLE MOVING AVERAGES 10-day 30-day 50-day DMI Recent Signal SELL HKD3.81 PETROCHINA CO Upper Middle Lower 11.80 12.71 12.81 HKD HKD HKD 3.87 4.12 4.19 DAILY MACD SELL Recent Signal SELL Page 1 of 5
49. 19-Aug-19 CHINA UNICOM HKD7 .88 BOLLINGER BANDS Upper Middle Lower HKD HKD HKD 8.31 7.58 6.84 SIMPLE MOVING AVERAGES 10-day 30-day 50-day HKD HKD HKD DMI DAILY MACD Recent Signal BUY Recent Signal CITIC LTD HKD HKD HKD SIMPLE MOVING AVERAGES 11.02 9.99 8.96 10-day 30-day 50-day SELL Recent Signal DMI Recent Signal BUY HKD9.18 BOLLINGER BANDS Upper Middle Lower 7.27 7.82 8.09 HKD HKD HKD 9.53 10.28 10.55 DAILY MACD SELL Page 2 of 5
50. 19-Aug-19 WEEKLY FOREIGN STOCK WATCH UPDATE The table below consists of the 45 HKSE Hang Seng Index component stocks , sorted by market capitalization in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section. The technical BUY/SELL signals on the last two columns are auto generated. Clos e Name 16-Aug HANG S E NG 25,749.62 HS BC CH MOBILE CCONB ICBC CNOOC CH LIF E BOC S HK P ROP P E TRO CH TE NCE NT HKS E CK HUTCHIS ON P ING AN S INOP E C COR P CH S HE NHUA CLP LI & F UNG BOC HK HS BANK HK&CH GAS S WIRE HL P ROP WHARF CH OV LAND P OWE R AS S E TS HE NDE RS ON BOCOMM CH COAL CH UNICOM BK E AS IA E S P R IT MTR S INO LAND CH RE S NE W WOR LD CH RE S LAND CH ME RCHANT CH RE S P OWE R ALCORP CATHAY CITIC COS CO F IH MOBILE LTD GE NHK AIA S ANDS CHINA GALAXY 56.45 66.00 5.74 4.97 11.36 17.88 3.00 117.00 3.81 327.40 245.00 67.95 89.35 4.62 15.74 82.00 0.94 26.50 167.40 16.60 81.40 17.66 17.62 24.80 53.95 38.35 5.28 2.80 7.88 20.70 1.18 48.30 11.58 39.20 10.44 30.45 11.92 10.42 2.23 10.60 9.18 6.47 0.91 0.97 75.90 35.00 46.65 Change High Lower 254.16 (0.35) (0.10) 0.03 0.02 0.02 0.18 0.01 4.30 0.00 (3.00) 7.00 1.40 2.15 (0.01) 0.46 0.50 (0.01) 0.40 (2.00) 0.26 1.75 0.14 0.24 0.10 0.70 0.95 (0.01) 0.02 0.06 0.10 0.01 1.00 0.16 2.85 0.64 0.05 0.22 0.02 0.00 0.22 (0.02) 0.16 (0.02) 0.02 1.10 0.65 1.00 RSI Bollinger Bands Low Mid Upper 14d Moving Averages 10d 30d DMI 50d DMI MACD DI + DI - ADX 25,798.11 25,314.27 24,578.50 27,086.13 29,593.76 24.04 25,900.70 27,542.76 27,715.94 11.98 49.66 37.71 56.55 67.00 5.77 5.02 11.44 17.94 3.01 117.70 3.83 329.40 245.20 67.95 90.15 4.64 15.84 82.10 0.96 26.70 168.60 16.66 81.70 17.76 17.88 25.10 54.10 38.40 5.30 2.81 8.14 20.95 1.19 48.90 11.68 39.90 10.46 30.65 11.94 10.46 2.27 10.78 9.20 6.55 0.93 0.97 75.95 35.25 47.65 56.05 65.55 5.69 4.92 11.16 17.50 2.98 112.00 3.75 326.00 236.00 66.00 88.00 4.57 15.28 80.55 0.93 25.90 165.50 16.22 79.25 17.20 17.02 24.30 52.95 37.05 5.25 2.72 7.82 20.25 1.16 47.00 11.24 36.90 9.62 29.70 11.54 10.30 2.18 10.46 9.04 6.24 0.89 0.93 73.85 33.75 44.90 56.65 61.25 5.49 4.72 11.07 16.99 2.89 102.97 3.68 323.67 229.20 63.58 84.68 4.47 14.51 81.15 0.91 24.94 160.13 16.28 73.68 17.33 15.74 23.43 52.45 35.15 5.10 2.67 6.84 20.00 1.09 44.98 10.60 35.36 8.54 28.82 11.32 10.60 2.13 9.40 8.96 6.34 0.80 0.93 70.10 32.22 42.48 61.87 66.03 5.94 5.22 12.45 19.32 3.13 120.85 4.05 353.36 255.23 71.61 91.41 4.92 15.48 84.89 1.05 28.95 182.27 17.15 87.42 18.54 18.60 26.35 55.80 39.93 5.58 2.95 7.58 21.66 1.28 50.49 12.29 37.13 10.72 32.47 12.68 11.13 2.46 10.83 9.99 6.95 0.97 0.97 80.07 37.19 51.22 67.09 70.82 6.39 5.72 13.83 21.65 3.37 138.73 4.42 383.05 281.26 79.65 98.13 5.37 16.45 88.63 1.19 32.96 204.40 18.02 101.15 19.75 21.46 29.26 59.15 44.70 6.07 3.22 8.31 23.31 1.47 56.00 13.97 38.90 12.89 36.11 14.03 11.67 2.78 12.25 11.02 7.55 1.14 1.01 90.03 42.16 59.97 11.94 48.35 29.84 25.03 22.33 27.80 22.14 32.95 23.13 35.27 26.99 24.03 30.50 21.41 42.91 32.58 28.01 20.22 25.21 29.30 32.93 37.15 32.57 30.42 30.44 32.57 24.39 27.93 54.38 34.79 29.94 36.70 31.33 47.06 32.87 31.84 23.65 29.67 18.93 41.34 16.65 25.42 47.90 43.71 33.63 32.10 28.04 59.54 63.95 5.73 4.99 11.80 18.23 3.02 112.63 3.87 339.74 243.14 67.92 88.19 4.71 15.04 83.44 0.99 27.13 171.99 16.79 81.31 18.15 17.26 24.99 54.36 37.78 5.36 2.82 7.27 20.92 1.20 48.04 11.52 36.46 9.75 30.74 12.07 11.15 2.30 10.22 9.53 6.70 0.96 0.96 75.62 34.87 47.10 62.93 67.50 6.03 5.32 12.71 19.56 3.17 125.43 4.12 354.70 261.33 73.26 92.43 5.00 15.73 85.81 1.08 29.62 186.41 17.33 90.03 18.73 19.25 27.13 56.38 41.04 5.69 3.01 7.82 21.88 1.33 51.78 12.63 37.02 11.28 33.18 12.96 11.19 2.50 11.15 10.28 7.12 0.93 0.98 81.73 38.17 52.79 63.64 68.53 6.19 5.49 12.81 19.26 3.20 127.45 4.19 351.05 264.48 74.60 91.87 5.09 16.08 86.76 1.12 30.00 190.28 17.34 92.47 18.42 19.73 27.48 56.38 41.43 5.89 3.08 8.09 22.11 1.40 51.38 12.83 36.44 11.61 33.43 13.12 11.25 2.61 11.25 10.55 7.31 0.91 1.00 80.98 37.70 52.00 9.32 22.26 9.08 10.40 12.25 13.03 8.44 11.59 16.73 18.86 11.72 5.74 9.39 13.33 17.01 15.87 9.72 8.26 10.09 9.86 18.73 13.85 10.11 10.41 10.80 9.87 9.10 4.97 30.33 11.80 11.95 9.75 6.81 13.09 15.18 15.08 7.67 12.02 7.95 19.09 7.66 7.80 29.88 17.55 14.31 14.93 10.20 64.45 28.71 38.88 38.87 34.07 32.57 38.77 34.45 36.69 40.94 38.45 43.66 33.27 38.04 23.93 42.19 31.11 41.72 39.71 44.83 37.54 30.15 30.65 38.36 36.29 37.09 33.98 33.37 29.22 30.57 25.68 37.99 31.01 21.97 42.39 34.33 44.01 32.92 35.74 37.15 39.48 31.80 21.49 29.45 40.04 33.77 42.45 41.53 39.90 39.05 45.15 37.15 32.09 40.09 46.73 36.44 23.07 37.94 44.65 30.93 36.34 27.42 23.00 28.87 40.40 42.03 29.97 31.58 21.31 51.72 36.13 32.00 39.96 39.05 44.51 45.80 23.76 30.33 47.09 42.21 19.10 46.36 24.57 42.46 17.59 40.88 38.45 41.58 NA 27.72 25.55 35.80 29.66 37.58 Diff Line Signal (37.68) -760.98 -569.15 (55.13) (6.45) (29.80) (28.47) (21.81) (19.54) (30.33) (22.86) (19.96) (22.08) (26.73) (37.92) (23.88) (24.72) (6.92) (26.32) (21.39) (33.46) (29.62) (34.97) (18.81) (16.30) (20.54) (27.94) (25.49) (27.23) (24.88) (28.40) 1.12 (18.77) (13.73) (28.24) (24.20) (8.88) (27.21) (19.24) (36.34) (20.89) (27.79) (18.06) (31.82) (24.01) 8.39 (11.90) (25.73) (18.83) (32.25) -1.83 -1.55 -0.16 -0.17 -0.45 -0.57 -0.08 -5.86 -0.13 -6.02 -8.70 -2.71 -1.68 -0.16 -0.34 -1.31 -0.05 -1.29 -7.23 -0.28 -4.44 -0.28 -0.92 -0.96 -0.90 -1.56 -0.19 -0.10 -0.25 -0.53 -0.07 -1.57 -0.53 -0.15 -0.73 -1.05 -0.48 -0.10 -0.11 -0.44 -0.41 -0.25 0.01 -0.01 -2.44 -1.34 -2.37 -1.30 -1.57 -0.14 -0.15 -0.33 -0.33 -0.06 -4.86 -0.10 -3.02 -6.41 -2.13 -1.07 -0.13 -0.34 -1.03 -0.04 -0.93 -5.76 -0.17 -3.48 -0.11 -0.82 -0.79 -0.58 -1.24 -0.17 -0.08 -0.28 -0.38 -0.06 -1.02 -0.42 0.04 -0.62 -0.80 -0.37 -0.02 -0.10 -0.37 -0.33 -0.20 0.02 -0.01 -1.70 -0.94 -1.54 Diff MACD Recent Signal (191.83) SELL SELL (0.53) 0.03 (0.02) (0.02) (0.12) (0.24) (0.01) (1.00) (0.02) (2.99) (2.29) (0.58) (0.61) (0.03) 0.00 (0.28) (0.01) (0.37) (1.47) (0.10) (0.96) (0.18) (0.10) (0.17) (0.32) (0.32) (0.02) (0.02) 0.02 (0.14) (0.00) (0.55) (0.11) (0.19) (0.11) (0.25) (0.11) (0.08) (0.02) (0.08) (0.08) (0.06) (0.01) 0.00 (0.73) (0.40) (0.83) SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 3 of 5
51. 19-Aug-19 Fundamentals of Foreign Technical Picks Bloomberg Ticker Stock Name 5 941 939 1398 883 2628 3988 16 857 700 388 1 2318 386 1088 2 494 2388 11 3 19 101 4 688 6 12 3328 1898 762 23 330 66 83 291 17 1109 144 836 2600 293 267 1199 2038 678 1299 1928 27 HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HS BC CH MOBILE CCONB ICBC CNOOC CH LIF E BOC S HK P R OP P E TR O CH TE NCE NT HKS E CK HUTCHIS ON P ING AN S INOP E C COR P CH S HE NHUA CLP LI & F UNG BOC HK HS BANK HK&CH GAS S WIR E HL P R OP WHAR F CH OV LAND P OWE R AS S E TS HE NDE R S ON BOCOMM CH COAL CH UNICOM BK E AS IA E S P R IT MTR S INO LAND CH R E S NE W WOR LD CH R E S LAND CH ME R CHANT CH R E S P OWE R ALCOR P CATHAY CITIC COS CO F IH MOBILE LTD GE NHK AIA S ANDS CHINA LTD GALAXY Close 56.45 66.00 5.74 4.97 11.36 17.88 3.00 117.00 3.81 327.40 245.00 67.95 89.35 4.62 15.74 82.00 0.94 26.50 167.40 16.60 81.40 17.66 17.62 24.80 53.95 38.35 5.28 2.80 7.88 20.70 1.18 48.30 11.58 39.20 10.44 30.45 11.92 10.42 2.23 10.60 9.18 6.47 0.91 0.97 75.90 35.00 46.65 Note: The above data is based on Bloomberg consensus Target Price % upside 65.55 78.93 8.56 6.91 16.13 25.66 4.28 155.78 5.78 418.79 276.51 103.27 109.70 6.77 20.73 89.11 1.50 37.37 185.55 14.99 103.52 21.73 25.11 35.68 61.56 46.94 7.01 3.61 11.73 22.43 1.52 52.56 15.39 34.97 14.02 38.78 19.20 13.98 3.43 13.19 N/A 10.03 N/A N/A 93.12 44.69 61.27 14% 16% 33% 28% 30% 30% 30% 25% 34% 22% 11% 34% 19% 32% 24% 8% 0.37 29% 10% -11% 21% 19% 30% 30% 12% 18% 25% 23% 33% 8% 22% 8% 25% -12% 26% 21% 38% 25% 35% 20% N/A 36% N/A N/A 18% 22% 24% EPS ($) PER(x) Div Yield(%) 52week Price 2018 2019 2018 2019 2018 2019 High Low % Chg YTD 0.7 5.4 1.1 0.9 1.2 1.4 0.6 11.5 0.3 9.8 7.8 10.4 7.6 0.5 2.1 3.8 0.0 3.2 13.4 0.5 6.1 1.0 2.2 4.2 3.5 3.2 1.0 0.4 0.4 1.4 -1.0 2.0 0.7 0.6 0.9 3.4 1.7 1.5 0.1 1.0 1.8 0.1 0.0 N/A 0.5 0.3 3.1 0.7 5.6 1.1 0.9 1.3 1.4 0.6 12.6 0.3 12.0 8.7 11.2 8.5 0.5 2.1 4.8 0.0 3.4 13.5 0.6 6.9 1.1 2.4 4.9 3.5 3.1 1.1 0.4 0.6 2.2 -0.4 2.2 0.8 0.9 0.9 4.0 1.6 1.8 0.2 1.1 1.9 0.1 0.0 N/A 0.6 0.3 3.3 10.0 11.0 4.9 5.2 8.3 11.3 4.3 10.2 10.9 29.9 31.4 6.5 10.5 8.2 6.7 21.4 9.2 8.3 12.5 32.2 13.4 17.6 8.0 5.9 15.5 11.9 4.7 6.8 16.5 14.9 N/A 24.6 16.1 57.4 11.8 8.0 7.1 6.8 20.2 N/A 5.1 7.4 N/A N/A 18.2 16.8 15.1 9.9 10.7 4.6 4.9 7.9 11.2 4.2 9.3 10.1 24.5 28.1 6.1 9.5 7.8 6.8 17.0 7.5 7.8 12.4 29.8 11.8 16.3 7.4 5.1 15.4 12.2 4.5 6.9 12.1 9.6 NA 21.7 14.6 40.3 12.3 6.8 7.5 5.7 13.0 9.3 4.8 6.9 NA N/A 16.1 15.2 14.3 0.9 4.3 5.6 5.3 5.3 3.0 6.4 4.3 4.5 0.3 2.8 4.8 2.4 7.7 5.5 3.8 1.0 5.9 4.9 2.2 4.1 4.3 3.8 4.5 5.2 4.6 5.9 3.5 2.2 3.0 0.0 2.6 4.8 0.6 4.8 4.5 7.7 5.5 0.0 3.7 4.5 1.2 0.0 N/A 0.2 0.7 2.0 0.9 4.4 5.9 5.5 5.5 3.1 6.6 4.6 5.0 0.4 3.2 5.2 2.9 7.8 5.3 3.9 1.2 6.2 5.2 2.2 4.5 4.4 4.1 5.3 5.2 4.8 6.1 3.4 2.8 4.7 NA 2.8 4.9 0.9 4.9 5.3 5.9 6.5 0.0 4.3 5.1 0.7 0.0 N/A 0.3 0.8 2.3 70.80 87.70 7.21 6.19 15.78 23.35 3.84 142.00 6.47 400.40 286.20 92.50 98.00 8.03 20.40 97.40 2.97 39.95 215.60 18.04 103.80 20.50 25.65 31.30 58.45 46.41 7.06 3.62 10.70 30.40 2.17 55.75 15.48 39.90 13.88 37.35 17.38 16.28 3.91 14.14 13.28 9.41 2.23 1.59 88.50 44.70 62.10 55.80 62.05 5.55 4.87 11.16 15.44 2.95 99.50 3.75 251.38 195.60 64.30 65.95 4.55 14.66 80.30 0.91 25.30 163.00 13.33 74.90 13.90 16.56 22.35 51.35 32.86 5.20 2.72 6.96 19.94 1.11 37.50 10.90 24.10 8.90 23.80 11.42 10.20 2.18 9.27 9.04 6.24 0.65 0.83 58.13 29.85 39.96 -12.89 -12.41 -11.15 -11.09 -6.12 7.45 -11.24 4.84 -21.36 4.27 8.12 -9.64 29.21 -17.35 -8.28 -7.34 -23.58 -8.93 -4.78 12.72 -1.57 18.36 -13.63 -7.81 -1.01 8.17 -13.58 -9.09 -5.74 -15.78 -24.36 17.23 -13.71 43.33 0.77 1.16 -15.46 -30.81 -11.51 -4.85 -25.24 -15.97 10.98 -32.64 16.92 2.04 -5.54 Page 4 of 5
52. 19-Aug-19 LIST OF RECOMMENDED BUY STOCKS FROM JANUARY 2018 TO CURRENT Stock AIA GROUP AIA GROUP AIA GROUP AIA GROUP AIA GROUP AIA GROUP AIA GROUP BANK OF CHINA BANK OF CHINA BANK OF CHINA CATHAY PACIFIC CATHAY PACIFIC CATHAY PACIFIC CHINA COAL ENERGY CHINA CONST BANK CHINA LIFE CHINA LIFE CHINA PETROLEUM CHINA PETROLEUM CHINA PETROLEUM CHINA SHENHUA CHINA UNICOM CHINA UNICOM CHINA UNICOM CNOOC COSCO COSCO COSCO COSCO COSCO COSCO GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT PETROCHINA PETROCHINA PETROCHINA PING AN PING AN PING AN SANDS CHINA LTD REC BUY Date Price 09 /Mar/18 13/Apr/18 14/Apr/18 07/Sep/18 23/Oct/18 14/Dec/18 07/Aug/19 04/Apr/18 12/Jul/18 19/Mar/19 19/Apr/18 30/May/19 25/Jun/19 29/Jun/18 22/Mar/19 29/Mar/19 09/May/19 21/Feb/18 04/Oct/18 22/Feb/19 03/May/19 14/Feb/18 01/Jun/18 13/Feb/19 14/Jun/19 08/Feb/18 25/Apr/18 02/Aug/18 28/Sep/18 09/Jan/19 19/Jul/19 04/Jul/18 19/Sep/18 30/Oct/18 23/Mar/18 22/Nov/18 04/Apr/19 26/Jul/18 12/Oct/18 01/Mar/19 25/Sep/18 Total funds invested * Total unrealised profit Return 16-Aug-19 Price 64.70 70.30 71.30 64.50 65.50 64.60 75.50 4.26 3.64 3.71 12.52 13.52 11.80 3.16 6.95 20.35 20.10 6.42 7.62 6.81 17.50 9.94 10.66 9.02 12.32 7.74 6.52 7.39 8.05 7.70 7.34 56.80 51.15 41.80 5.53 5.43 5.19 74.20 72.10 82.65 36.15 75.90 75.90 75.90 75.90 75.90 75.90 75.90 3.00 3.00 3.00 10.60 10.60 10.60 2.80 5.74 17.88 17.88 4.62 4.62 4.62 15.74 7.88 7.88 7.88 11.36 6.47 6.47 6.47 6.47 6.47 6.47 46.65 46.65 46.65 3.81 3.81 3.81 89.35 89.35 89.35 35.00 Change (+/-) 11.20 5.60 4.60 11.40 10.40 11.30 0.40 (1.26) (0.64) (0.71) (1.92) (2.92) (1.20) (0.36) (1.21) (2.47) (2.22) (1.80) (3.00) (2.19) (1.76) (2.06) (2.78) (1.14) (0.96) (1.27) (0.05) (0.92) (1.58) (1.23) (0.87) (10.15) (4.50) 4.85 (1.72) (1.62) (1.38) 15.15 17.25 6.70 (1.15) 1,132,440 41,810 3.69% pct ST 17.31 85.26 7.97 85.26 6.45 85.26 17.67 85.26 15.88 85.26 17.49 85.26 0.53 85.26 (29.58) 3.38 (17.58) 3.38 (19.14) 3.38 (15.34) 11.72 (21.60) 11.72 (10.17) 11.72 (11.39) 2.91 (17.41) 6.30 (12.14) 19.93 (11.04) 19.93 (28.04) 4.92 (39.37) 4.92 (32.16) 4.92 (10.06) 16.75 (20.72) 8.13 (26.08) 8.13 (12.64) 8.13 (7.79) 13.02 8.56 7.05 (0.77) 7.05 (12.45) 7.05 (19.63) 7.05 (15.97) 7.05 (11.85) 7.05 (17.87) 47.64 (8.80) 47.64 11.60 47.64 (31.10) 4.30 (29.83) 4.30 (26.59) 4.30 20.42 98.54 23.93 98.54 8.11 98.54 (3.18) 37.29 Upside Targets MT LT 91.48 95.32 91.48 95.32 91.48 95.32 91.48 95.32 91.48 95.32 91.48 95.32 91.48 95.32 3.68 3.93 3.68 3.93 3.68 3.93 12.31 12.90 12.31 12.90 12.31 12.90 3.29 3.60 6.72 7.06 21.32 22.70 21.32 22.70 5.57 6.10 5.57 6.10 5.57 6.10 17.72 18.51 9.44 10.02 9.44 10.02 9.44 10.02 14.07 15.78 7.50 7.87 7.50 7.87 7.50 7.87 7.50 7.87 7.50 7.87 7.50 7.87 52.38 56.22 52.38 56.22 52.38 56.22 4.64 4.93 4.64 4.93 4.64 4.93 107.95 113.77 107.95 113.77 107.95 113.77 41.90 44.74 ST 12.33 12.33 12.33 12.33 12.33 12.33 12.33 12.67 12.67 12.67 10.57 10.57 10.57 3.93 9.76 11.47 11.47 6.49 6.49 6.49 6.42 3.17 3.17 3.17 14.61 8.96 8.96 8.96 8.96 8.96 8.96 2.12 2.12 2.12 12.86 12.86 12.86 10.29 10.29 10.29 6.54 % Upside MT 20.53 20.53 20.53 20.53 20.53 20.53 20.53 22.67 22.67 22.67 16.13 16.13 16.13 17.50 17.07 19.24 19.24 20.56 20.56 20.56 12.58 19.80 19.80 19.80 23.86 15.92 15.92 15.92 15.92 15.92 15.92 12.28 12.28 12.28 21.78 21.78 21.78 20.82 20.82 20.82 19.71 LT 25.59 25.59 25.59 25.59 25.59 25.59 25.59 31.00 31.00 31.00 21.70 21.70 21.70 28.57 23.00 26.96 26.96 32.03 32.03 32.03 17.60 27.16 27.16 27.16 38.91 21.64 21.64 21.64 21.64 21.64 21.64 20.51 20.51 20.51 29.40 29.40 29.40 27.33 27.33 27.33 27.83 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from January 2018 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, August 19, 2019, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 5 of 5
53. Technical View Monday , August 19, 2019 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Singapore Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my DBS GROUP SGD24.70 BOLLINGER BANDS Upper Middle Lower SGD SGD SGD SIMPLE MOVING AVERAGES 27.56 25.99 24.42 10-day 30-day 50-day SGD SGD SGD SELL Recent Signal DMI OCBC SELL SGD10.63 BOLLINGER BANDS SGD SGD SGD SIMPLE MOVING AVERAGES 12.04 11.40 10.76 10-day 30-day 50-day SELL Recent Signal DMI Recent Signal 25.39 25.90 25.63 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my SGD SGD SGD 11.12 11.42 11.27 DAILY MACD SELL Page 1 of 5
54. 19-Aug-19 UOB SGD25 .04 BOLLINGER BANDS Upper Middle Lower SGD SGD SGD SIMPLE MOVING AVERAGES 27.38 26.35 25.33 10-day 30-day 50-day SGD SGD SGD DMI DAILY MACD Recent Signal SELL Recent Signal FNN SGD SGD SGD SIMPLE MOVING AVERAGES 1.72 1.69 1.66 10-day 30-day 50-day BUY Recent Signal DMI Recent Signal SELL SGD1.69 BOLLINGER BANDS Upper Middle Lower 25.90 26.37 25.97 SGD SGD SGD 1.69 1.70 1.71 DAILY MACD BUY Page 2 of 5
55. 19-Aug-19 WEEKLY FOREIGN STOCK WATCH UPDATE The table below consists of the revamped 30 SGX FTSE Straits Times Index component stocks , sorted by market capitalization in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section. The technical BUY/SELL signals on the last two columns are auto generated. Stock Name Close 16-Aug Change High Low FS S TI 3,114.65 (11.44) 3,123.15 3,091.32 Lower Bollinger Bands Mid Upper 3,095.83 3,281.86 RSI 14d 3,467.89 21.88 10d Moving Averages 30d 50d 3,199.26 3,305.47 DI + DI - DMI ADX Diff MACD Line Signal 3,286.97 14.07 48.88 35.93 (34.81) -49.07 -26.89 Diff DMI MACD Recent Signal (22.17) SELL SELL 3.21 (0.02) 3.25 3.19 3.13 3.37 3.60 37.55 3.28 3.42 3.40 15.75 31.92 31.42 (16.18) -0.06 -0.04 (0.02) SELL SELL DBS 24.70 0.00 24.76 24.53 24.42 25.99 27.56 32.87 25.39 25.90 25.63 19.62 34.60 25.96 (14.97) -0.30 -0.09 (0.21) SELL SELL OCBC 10.63 (0.07) 10.69 10.58 10.76 11.40 12.04 26.50 11.12 11.42 11.27 15.22 44.69 30.01 (29.47) -0.13 -0.04 (0.09) SELL SELL UOB 25.04 (0.11) 25.08 24.82 25.33 26.35 27.38 32.24 25.90 26.37 25.97 16.67 36.97 18.83 (20.30) -0.16 -0.01 (0.15) SELL SELL J ARDINE M. 53.54 (0.19) 53.81 52.41 52.24 60.70 69.17 21.81 57.07 61.82 62.84 7.59 45.04 40.58 (37.45) -2.65 -1.70 (0.95) SELL SELL 3.72 (0.06) 3.75 3.70 3.81 3.96 4.11 41.93 3.95 3.90 3.75 21.86 29.94 29.39 (8.07) 0.04 0.07 (0.03) SELL SELL S INGTEL WILMAR HK LAND 5.67 0.10 5.75 5.47 5.19 6.09 6.99 26.92 5.69 6.28 6.44 8.05 49.49 58.57 (41.45) -0.31 -0.25 (0.07) SELL SELL CAP LAND 3.40 (0.02) 3.42 3.36 3.38 3.56 3.73 30.48 3.48 3.60 3.54 8.55 29.44 32.87 (20.89) -0.04 -0.02 (0.02) SELL SELL GENS P 0.88 0.01 0.88 0.87 0.86 0.91 0.96 34.36 0.89 0.91 0.91 15.93 34.80 25.89 (18.87) -0.01 -0.01 (0.01) SELL SELL KEP PEL 5.89 (0.01) 5.91 5.85 5.74 6.30 6.86 23.88 6.05 6.41 6.41 14.84 41.42 35.27 (26.58) -0.17 -0.12 (0.05) SELL SELL S GX 8.18 (0.07) 8.22 8.12 7.77 8.02 8.26 65.50 8.04 8.00 7.87 29.45 19.60 21.63 9.86 0.08 0.06 0.03 BUY BUY S IA 8.94 (0.03) 8.94 8.86 8.78 9.37 9.96 27.79 9.12 9.41 9.33 13.80 33.06 36.61 (19.26) -0.13 -0.07 (0.06) SELL SELL FNN 1.69 (0.01) 1.70 1.67 1.66 1.69 1.72 50.24 1.69 1.70 1.71 18.75 14.65 16.12 4.10 -0.01 -0.01 0.00 BUY BUY CITY DEV 9.16 0.08 9.16 8.94 8.92 9.38 9.85 37.74 9.24 9.44 9.36 18.66 26.74 26.70 (8.08) -0.09 -0.03 (0.06) SELL SELL J ARDINE S . 32.40 (0.10) 32.70 32.04 31.43 35.15 38.86 28.35 33.45 36.40 36.97 8.97 44.66 43.74 (35.69) -1.40 -1.11 (0.29) SELL SELL S G PRES S 2.06 0.00 2.06 2.03 2.02 2.18 2.35 16.47 2.11 2.28 2.33 5.20 39.74 59.66 (34.54) -0.08 -0.08 (0.01) SELL SELL J ARDINE C&C 30.28 (0.36) 30.48 30.08 29.71 33.87 38.04 19.62 31.98 34.76 35.19 5.94 53.89 44.81 (47.94) -1.37 -0.95 (0.42) SELL SELL GOLDEN AGRI 0.29 (0.01) 0.30 0.29 0.29 0.30 0.31 47.76 0.30 0.30 0.29 10.88 17.28 14.31 (6.40) 0.00 (0.00) SELL SELL S G TECH 4.04 (0.03) 4.09 4.02 4.08 4.23 4.38 37.97 4.18 4.24 4.19 18.99 37.63 25.83 (18.64) -0.01 0.00 (0.02) SELL SELL OLAM INT 1.93 0.00 1.93 1.91 1.86 1.95 2.04 47.58 1.92 1.96 1.95 19.13 23.39 29.28 (4.26) -0.01 -0.01 (0.00) SELL SELL CAP TRUS T 2.62 (0.03) 2.65 2.61 2.55 2.62 2.69 54.79 2.60 2.64 2.62 17.01 22.32 17.88 (5.31) 0.00 0.00 (0.00) SELL SELL S EMBCORP 2.23 (0.03) 2.25 2.21 2.20 2.36 2.53 34.83 2.29 2.38 2.39 16.79 32.95 27.28 (16.15) -0.05 -0.03 (0.01) SELL SELL 0.00 S EMCORP M. 1.22 0.00 1.22 1.20 1.18 1.37 1.55 21.80 1.29 1.38 1.42 14.52 41.15 28.68 (26.63) -0.06 -0.04 (0.01) SELL SELL CMFT DELGRO 2.49 (0.04) 2.51 2.46 2.54 2.72 2.90 33.15 2.65 2.74 2.69 14.88 37.87 28.77 (22.98) -0.04 -0.01 (0.03) SELL SELL S TARHUB 1.36 (0.02) 1.38 1.35 1.40 1.50 1.59 21.51 1.46 1.51 1.51 7.17 40.43 31.46 (33.26) -0.03 -0.02 (0.01) SELL SELL S IA ENG 2.53 (0.02) 2.56 2.52 2.51 2.66 2.82 37.42 2.60 2.69 2.61 21.82 34.17 24.41 (12.35) -0.02 0.00 (0.02) SELL SELL IFOOD AGRI 0.33 0.00 0.33 0.33 0.28 0.31 0.34 58.62 0.32 0.32 0.32 39.89 25.17 23.88 14.72 0.00 0.00 0.00 BUY BUY YZJ 0.99 0.13 1.00 0.88 1.08 1.40 1.73 5.11 1.31 1.44 1.45 1.97 67.21 45.50 (65.24) -0.10 -0.04 (0.06) SELL SELL INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 3 of 5
56. 19-Aug-19 Fundamentals of Foreign Technical Picks Bloomberg Ticker Stock Name Close Target Price % upside ST DBS OCBC UOB JM WIL HKL CAP L GE NS KE P S GX S IA FNN CIT JS S PH J CNC GGR S TE OLAM CT S CI S MM CD S TH S IE IFAR YZJ S GD S INGTE L DBS OCBC UOB J ARDINE M. WILMAR HK LAND CAP LAND GE NS P KE P P E L S GX S IA FNN CITY DE V J ARDINE S S G P RE S S J ARDINE C&C GOLDE N AGRI S G TE CH OLAM INT CAP TRUS T S E MBCORP S E MCORP M. CMFT DE LGRO S TARHUB S IA E NG IFOOD AGRI YZJ 3.21 3.59 24.70 SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP SP EPS ($) PER(x) Div Yield(%) 52week Price % Chg 2018 2019 2018 2019 2018 2019 High Low YTD 11% 0.2 0.2 17.4 16.0 5.6 5.4 3.56 2.83 9.56 28.24 13% 2.4 2.5 10.2 9.9 5.0 5.2 28.64 22.65 4.26 10.63 12.63 16% 1.1 1.2 9.5 9.2 4.7 4.8 12.19 10.36 -5.60 25.04 29.04 14% 2.5 2.6 9.9 9.7 5.0 5.2 27.76 23.39 2.67 53.54 65.14 0.18 4.5 4.9 11.8 11.0 3.2 3.5 72.05 10.99 -23.05 3.72 4.01 7% 0.2 0.2 14.4 12.8 2.0 2.2 4.11 2.99 19.23 5.67 7.44 24% 0.5 0.5 12.5 11.7 4.0 4.2 7.53 5.16 -10.00 3.40 4.10 17% 0.2 0.3 15.3 13.6 3.6 3.8 3.75 3.02 9.32 0.88 1.09 20% 0.1 0.1 15.1 15.4 4.2 4.2 1.13 0.86 -10.26 5.89 7.68 23% 0.5 0.6 11.9 10.4 4.0 4.3 7.30 5.67 -0.34 8.18 7.99 -2% 0.4 0.4 21.5 20.5 3.7 3.7 8.32 6.72 14.41 8.94 10.67 16% 0.7 0.7 13.5 13.2 3.9 3.8 10.23 8.86 -5.10 1.69 NA NA NA NA NA NA NA NA 1.95 1.65 -1.74 9.16 11.17 0.18 0.6 0.6 15.3 14.4 2.2 2.2 9.91 7.75 13.56 32.40 NA NA 3.0 3.4 10.6 9.6 1.1 1.2 40.70 31.30 -11.74 2.06 2.35 0.12 0.1 0.1 17.5 16.9 6.0 6.0 2.85 2.02 -12.34 30.28 39.67 24% 2.4 2.7 9.3 8.0 3.1 3.3 38.16 27.66 -14.34 0.29 0.22 -30% 0.0 0.0 52.3 19.0 1.4 1.7 0.32 0.23 18.37 4.04 4.41 8% 0.2 0.2 21.2 18.8 3.8 4.0 4.35 3.23 15.76 1.93 NA NA 0.2 0.2 12.9 12.1 3.9 4.1 2.20 1.57 16.97 2.62 2.62 0% 0.1 0.1 20.3 19.0 4.6 4.8 2.75 2.07 15.93 2.23 2.84 21% 0.2 0.3 10.0 8.3 2.5 3.0 3.11 2.21 -12.20 1.22 1.57 22% 0.0 0.0 NA 93.8 0.2 0.9 2.15 1.20 -20.78 2.49 2.77 10% 0.1 0.2 17.3 16.4 4.4 4.6 2.90 2.07 15.81 1.36 1.52 11% 0.1 0.1 12.8 14.6 7.3 6.1 2.03 1.35 -22.29 2.53 2.74 8% 0.2 0.2 16.9 16.0 4.5 4.9 3.00 2.20 11.45 0.33 0.31 -5% 223.1 363.5 14.9 9.2 NA NA 0.33 0.18 70.16 0.99 1.55 36% 0.8 0.8 6.2 6.2 24.4 24.4 1.65 0.76 -20.80 Note: The above data is based on Bloomberg consensus Page 4 of 5
57. 19-Aug-19 LIST OF RECOMMENDED BUY STOCKS FROM JANUARY 2018 TO CURRENT Stock CAPITALAND CAPITALAND CAPITALAND CAPITALAND CITY DEVELOPMENTS CITY DEVELOPMENTS CITY DEVELOPMENTS CITY DEVELOPMENTS CITY DEVELOPMENTS CITY DEVELOPMENTS CITY DEVELOPMENTS DBS DBS DBS DBS GENTING SPORE GENTING SPORE GENTING SPORE GENTING SPORE GENTING SPORE HONGKONG LAND HONGKONG LAND HONGKONG LAND KEPPEL CORP KEPPEL CORP OCBC OCBC SINGTEL SINGTEL SINGTEL SINGTEL SINGTEL SINGTEL SINGTEL SPORE AIRLINES SPORE AIRLINES SPORE AIRLINES SPORE AIRLINES SPORE EXCHANGE UOB WILMAR INT 'L REC BUY Date Price 7/Feb/18 27/Feb/18 27/Jun/18 12/Nov/19 17/May/18 30/Aug/18 11/Oct/18 6/Dec/18 27/Feb/19 26/Mar/19 8/May/19 4/Jan/18 10/Jul/18 26/Oct/18 12/Dec/18 1/Mar/18 6/Apr/18 21/Aug/18 21/Sep/18 2/Apr/19 6/Jun/18 27/Sep/18 23/Jul/19 6/Sep/18 1/Nov/18 13/Jul/18 24/Oct/18 9/Feb/18 15/Mar/18 24/May/18 30/Jul/18 14/Nov/18 13/Mar/19 2/Aug/19 18/Jul/18 3/Aug/18 5/Oct/18 15/May/19 21/Mar/19 29/May/19 10/Apr/18 Total funds invested * Total unrealised profit Return 16-Aug-19 Price 3.61 3.63 3.20 3.69 11.97 9.44 8.45 8.74 9.26 8.87 9.00 25.88 25.71 23.71 23.49 1.15 1.08 1.06 1.03 1.05 7.23 6.58 6.52 6.44 6.20 11.30 10.56 3.40 3.40 3.34 3.20 3.03 2.95 3.36 10.75 9.67 9.64 9.47 7.33 24.31 3.15 3.40 3.40 3.40 3.40 9.16 9.16 9.16 9.16 9.16 9.16 9.16 24.70 24.70 24.70 24.70 0.88 0.88 0.88 0.88 0.88 5.67 5.67 5.67 5.89 5.89 10.63 10.63 3.21 3.21 3.21 3.21 3.21 3.21 3.21 8.94 8.94 8.94 8.94 8.18 25.04 3.72 Change (+/-) (0.21) (0.23) 0.20 (0.29) (2.81) (0.28) 0.71 0.42 (0.10) 0.29 0.16 (1.18) (1.01) 0.99 1.21 (0.28) (0.21) (0.19) (0.16) (0.18) (1.56) (0.91) (0.85) (0.55) (0.31) (0.67) 0.07 (0.19) (0.19) (0.13) 0.01 0.18 0.26 (0.15) (1.81) (0.73) (0.70) (0.53) 0.85 0.73 0.57 335,850 (9,735) -2.90% Upside Targets pct ST MT LT (5.82) 3.88 4.09 4.23 (6.34) 3.88 4.09 4.23 6.25 3.88 4.09 4.23 (7.86) 3.88 4.09 4.23 (23.48) 9.88 10.54 11.20 (2.97) 9.88 10.54 11.20 8.40 9.88 10.54 11.20 4.81 9.88 10.54 11.20 (1.08) 9.88 10.54 11.20 3.27 9.88 10.54 11.20 1.78 9.88 10.54 11.20 (4.56) 27.69 30.75 33.81 (3.93) 27.69 30.75 33.81 4.18 27.69 30.75 33.81 5.15 27.69 30.75 33.81 (23.91) 0.96 1.03 1.08 (18.98) 0.96 1.03 1.08 (17.45) 0.96 1.03 1.08 (15.05) 0.96 1.03 1.08 (16.67) 0.96 1.03 1.08 (21.58) 5.71 6.06 6.34 (13.83) 5.71 6.06 6.34 (13.04) 5.71 6.06 6.34 (8.54) 6.41 6.87 7.25 (5.00) 6.41 6.87 7.25 (5.93) 11.81 12.66 14.04 0.66 11.81 12.66 14.04 (5.59) 3.58 3.75 3.86 (5.59) 3.58 3.75 3.86 (3.89) 3.58 3.75 3.86 0.31 3.58 3.75 3.86 5.94 3.58 3.75 3.86 8.81 3.58 3.75 3.86 (4.46) 3.58 3.75 3.86 (16.84) 10.17 10.48 10.80 (7.55) 10.17 10.48 10.80 (7.26) 10.17 10.48 10.80 (5.60) 10.17 10.48 10.80 11.60 8.50 8.92 9.18 3.00 27.21 30.14 33.07 18.10 4.08 4.21 4.31 ST 14.12 14.12 14.12 14.12 7.86 7.86 7.86 7.86 7.86 7.86 7.86 12.11 12.11 12.11 12.11 9.71 9.71 9.71 9.71 9.71 0.71 0.71 0.71 8.83 8.83 11.10 11.10 11.53 11.53 11.53 11.53 11.53 11.53 11.53 13.76 13.76 13.76 13.76 3.91 8.67 9.68 % Upside MT 20.29 20.29 20.29 20.29 15.07 15.07 15.07 15.07 15.07 15.07 15.07 24.49 24.49 24.49 24.49 17.71 17.71 17.71 17.71 17.71 6.88 6.88 6.88 16.64 16.64 19.10 19.10 16.82 16.82 16.82 16.82 16.82 16.82 16.82 17.23 17.23 17.23 17.23 9.05 20.37 13.17 LT 24.41 24.41 24.41 24.41 22.27 22.27 22.27 22.27 22.27 22.27 22.27 36.88 36.88 36.88 36.88 23.43 23.43 23.43 23.43 23.43 11.82 11.82 11.82 23.09 23.09 32.08 32.08 20.25 20.25 20.25 20.25 20.25 20.25 20.25 20.81 20.81 20.81 20.81 12.22 32.07 15.86 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from January 2018 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, August 19, 2019, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 5 of 5
58. Technical View Monday , August 19, 2019 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch United States Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my IBM USD131.92 BOLLINGER BANDS Upper Middle Lower USD USD USD SIMPLE MOVING AVERAGES 157.91 143.90 129.88 10-day 30-day 50-day USD USD USD SELL Recent Signal DMI MICROSOFT CORP USD USD USD SELL USD133.68 BOLLINGER BANDS SIMPLE MOVING AVERAGES 142.68 137.50 132.33 10-day 30-day 50-day DMI Recent Signal 137.72 143.44 140.92 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my USD USD USD 135.77 137.48 136.10 DAILY MACD SELL Recent Signal SELL Page 1 of 5
59. 19-Aug-19 INTEL CORP \ USD45.70 BOLLINGER BANDS Upper Middle Lower USD USD USD SIMPLE MOVING AVERAGES 54.18 49.04 43.90 10-day 30-day 50-day USD USD USD SELL Recent Signal 46.65 48.99 48.23 DAILY MACD Recent Signal APPLE INC USD201.74 BOLLINGER BANDS Upper Middle Lower USD USD USD SIMPLE MOVING AVERAGES 214.36 204.69 195.01 10-day 30-day 50-day DMI Recent Signal SELL USD USD USD 201.18 204.21 201.18 DAILY MACD SELL Recent Signal SELL Page 2 of 5
60. 19-Aug-19 WEEKLY FOREIGN STOCK WATCH UPDATE The table below consists of the 30 NYSE Dow Jones Industrial Average component stocks , sorted by market capitalization in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section. The technical BUY/SELL signals on the last two columns are auto generated. Stock Name DOW J ONES Close Change High Low Bollinger Bands RSI Moving Averages DMI 15-Aug Lower Mid Upper 14d 10d 30d 50d DI + 25,579.39 99.97 25,639.69 25,339.60 25,334.22 26,564.84 27,795.46 35.94 26015.11 26,740.88 26,604.14 14.34 DI 35.66 MACD DMI MACD ADX Diff Line Signal Diff Recent Signal 34.93 (21.32) -279.74 -151.38 (128.353) SELL SELL IBM 3M CHEVRON CATERPILLAR MCDONALDS UNITECH BOEING EXXON MOBIL J &J P&G COCA-COLA WAL-MART TRAVELERS DOWDUPONT GOLDMAN J PMORGAN AMEX MERCK WALT DIS NEY VERIZON HOME DEPOT UTD HEALTH AT&T MICROS OFT CIS CO INTEL PFIZER WALGREENS BOOTS ALLIANCE NIKE VIS A AIG BANK OF AMERICA BP CITIGROUP LV S ANDS MS WELLS FARGO FACEBOOK INC-A APPLE INC ALIBABA GRP-ADR 131.92 156.84 116.95 115.25 218.27 123.74 328.00 67.25 130.54 117.39 53.87 112.69 145.59 65.17 196.18 105.20 122.38 83.46 133.41 56.30 201.79 244.25 34.34 133.68 46.25 45.70 34.48 49.29 79.51 176.27 53.74 26.25 36.05 61.32 51.41 39.10 43.38 182.59 201.74 166.97 35.14 37.21 34.48 38.01 16.38 34.13 31.59 39.59 31.17 19.36 16.28 20.05 26.47 31.29 32.65 29.66 24.31 26.15 32.09 21.77 30.75 21.21 20.70 28.34 47.77 26.77 50.99 32.59 27.96 27.14 27.19 35.94 38.73 37.39 37.08 34.78 28.02 29.51 21.01 27.59 32.65 22.71 23.40 31.45 32.72 19.76 24.27 30.78 25.39 20.73 13.21 31.56 27.64 15.45 32.85 26.66 20.79 15.95 20.72 20.00 23.94 19.07 16.80 18.57 32.76 24.58 52.63 28.52 20.29 26.14 20.52 29.06 33.52 30.76 35.37 26.55 14.59 24.95 17.48 23.82 0.67 -1.97 -0.79 0.04 1.79 -0.56 7.58 -0.40 0.28 1.60 0.88 6.49 2.11 -0.61 0.62 0.40 -0.27 0.06 0.56 0.58 0.20 1.05 0.25 -0.30 -4.36 -0.17 0.24 -1.12 -1.52 2.76 0.35 -0.17 -0.21 -0.09 -0.38 -0.23 -0.59 2.88 -1.01 4.91 132.36 159.67 117.84 115.60 218.45 124.42 328.05 67.55 131.07 118.09 54.00 113.61 146.24 66.20 196.97 106.38 123.00 83.84 134.25 56.58 203.66 245.26 34.46 134.48 47.94 46.18 34.58 50.81 81.30 177.02 53.99 26.83 36.09 62.37 52.34 39.59 44.50 183.20 205.14 171.00 130.30 155.68 115.47 114.00 215.76 122.44 319.75 66.53 129.27 116.46 53.24 110.16 143.11 64.47 193.71 104.34 121.14 82.90 132.49 55.54 199.05 241.45 33.97 132.26 46.00 45.44 33.97 49.12 79.44 173.52 53.27 26.21 35.73 60.72 51.17 38.76 43.34 180.03 199.67 164.36 129.88 155.72 116.75 111.54 209.46 123.82 311.90 67.23 128.46 112.01 51.20 104.53 143.78 64.97 193.83 104.50 121.06 80.43 132.52 54.62 201.77 241.63 32.38 132.33 48.26 43.90 32.56 50.05 78.16 170.97 52.92 26.23 35.81 60.87 48.73 38.31 43.83 177.09 195.01 151.54 143.90 169.59 122.34 126.58 215.10 131.25 343.20 72.49 130.86 115.77 53.02 109.91 147.43 70.41 210.93 112.04 125.04 83.36 139.97 55.91 211.03 249.64 33.87 137.50 54.18 49.04 38.78 53.36 83.89 178.45 55.53 29.05 38.22 68.12 58.26 42.71 46.79 192.13 204.69 167.73 157.91 183.45 127.92 141.62 220.73 138.69 374.51 77.74 133.25 119.54 54.84 115.29 151.07 75.85 228.03 119.59 129.03 86.28 147.42 57.20 220.29 257.64 35.36 142.68 60.10 54.18 45.01 56.67 89.63 185.93 58.15 31.87 40.63 75.37 67.79 47.11 49.74 207.17 214.36 183.92 30.63 30.26 34.70 28.97 57.27 35.22 39.31 27.83 42.69 56.51 58.33 58.27 44.24 33.97 35.66 34.09 43.74 49.26 38.30 50.79 36.73 43.68 56.06 43.92 23.40 36.77 17.56 30.55 36.51 48.89 44.19 29.08 25.36 28.58 27.64 30.92 34.00 40.09 48.64 50.94 137.72 163.29 120.22 119.66 216.66 128.21 332.26 70.17 131.21 116.00 53.01 107.80 146.51 68.06 203.41 108.76 123.79 84.51 137.22 55.66 207.41 246.60 34.25 135.77 51.63 46.65 36.10 52.01 81.32 175.78 54.73 27.85 37.15 64.88 53.83 40.66 45.79 185.45 201.18 160.50 143.44 170.12 123.11 129.68 214.45 131.41 348.53 73.83 132.89 115.38 52.69 111.21 149.45 70.73 210.87 112.69 125.71 83.14 141.00 56.38 212.20 252.20 33.80 137.48 55.19 48.99 40.24 54.04 85.30 178.65 55.55 29.12 39.01 69.22 59.91 43.17 46.78 195.11 204.21 168.77 140.92 170.38 122.97 130.24 210.81 130.20 353.24 74.56 135.97 113.41 52.17 110.53 149.93 72.14 205.09 111.70 124.74 83.49 140.51 56.81 209.42 249.76 33.34 136.10 55.53 48.23 41.46 53.64 84.71 175.84 54.68 28.78 40.06 68.69 59.39 43.19 46.55 191.28 201.18 167.30 14.13 18.51 14.33 16.85 21.87 15.36 15.03 13.93 19.33 25.42 22.74 27.28 12.05 17.77 13.78 14.98 16.05 24.49 18.59 16.19 15.66 14.46 24.07 19.45 10.87 18.90 5.28 12.46 21.24 15.41 23.33 15.28 13.96 15.06 16.82 16.21 16.49 16.25 28.81 32.84 (21.01) (18.70) (20.15) (21.16) 5.49 (18.77) (16.56) (25.66) (11.85) 6.06 6.46 7.22 (14.42) (13.51) (18.87) (14.69) (8.26) (1.66) (13.50) (5.59) (15.09) (6.75) 3.37 (8.89) (36.90) (7.88) (45.71) (20.13) (6.72) (11.73) (3.87) (20.66) (24.77) (22.33) (20.26) (18.56) (11.53) (13.26) 7.79 5.25 -2.64 -3.50 -1.18 -4.58 2.13 -1.49 -8.11 -1.86 -1.15 0.96 0.39 -0.81 -1.18 -1.51 -2.51 -1.76 -0.39 0.50 -1.76 -0.28 -1.65 -1.79 0.34 -0.24 -1.75 -0.89 -2.08 -0.90 -1.34 -0.12 -0.09 -0.61 -1.08 -1.93 -2.57 -1.14 -0.60 -3.13 0.15 -2.25 -0.68 -2.06 -0.68 -3.25 2.00 -0.56 -6.86 -1.34 -1.47 1.05 0.38 -0.73 -1.02 -0.99 -0.12 -0.80 -0.08 0.45 -0.75 -0.38 -0.20 -0.92 0.33 0.29 -1.06 -0.39 -1.67 -0.46 -0.94 0.44 0.17 -0.23 -0.92 -1.06 -1.76 -0.73 -0.18 -1.77 0.63 -1.99 (1.967) (1.447) (0.500) (1.331) 0.128 (0.922) (1.247) (0.513) 0.327 (0.092) 0.010 (0.079) (0.164) (0.522) (2.397) (0.954) (0.312) 0.058 (1.010) 0.099 (1.449) (0.864) 0.005 (0.536) (0.689) (0.496) (0.408) (0.434) (0.395) (0.563) (0.258) (0.384) (0.161) (0.872) (0.806) (0.415) (0.427) (1.364) (0.481) (0.257) SELL SELL SELL SELL BUY SELL SELL SELL SELL BUY BUY BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY BUY SELL SELL SELL SELL BUY SELL SELL SELL BUY SELL BUY SELL SELL SELL SELL SELL SELL BUY SELL BUY SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 3 of 5
61. 19-Aug-19 Fundamentals of Foreign Technical Picks Bloomberg Ticker Stock Name IBM UN MMM UN CVX UN CAT UN MCD UN UTX UN BA UN XOM UN J NJ UN P G UN KO UN WMT UN TRV UN DD US GS US J P M UN AXP UN MRK UN DIS UN VZ UN HD UN UNH US T UN MS FT UW CS CO UW INTC UW P FE UN WBA US NKE US V US AIG US BAC US BP US C US LVS US MS US WFC US FB US AAP L US BABA US IBM 3M CHE VRON CATE RP ILLAR MCDONALDS UNITECH BOE ING E XXON MOBIL J &J P &G COCA-COLA WAL-MART TRAVE LE RS DOWDUP ONT GOLDMAN S ACHS J P MORGAN AMEX ME RCK WALT DIS NE Y VE RIZON HOME DE P OT UTD HE ALTH AT&T MICROS OFT CIS CO INTE L P FIZE R WALGREE NS BOOTS NIKE INC VIS A INC AIG BANK OF AME RICA BP CITIGROUP LV S ANDS MS WE LLS FARGO FACE BOOK INC AP P LE INC ALIBABA GRP Close Target Price % upside 131.92 156.84 116.95 115.25 218.27 123.74 328.00 67.25 130.54 117.39 53.87 112.69 145.59 65.17 196.18 105.20 122.38 83.46 133.41 56.30 201.79 244.25 34.34 133.68 46.25 45.70 34.48 49.29 79.51 176.27 53.74 26.25 36.05 61.32 51.41 39.10 43.38 182.59 201.74 166.97 154.65 179.19 137.29 144.00 230.79 154.79 416.25 82.15 148.59 122.09 57.08 115.57 151.24 82.28 238.68 120.15 132.00 96.00 154.71 59.25 210.55 297.74 34.41 155.50 54.29 53.88 44.50 58.47 94.22 198.58 60.31 33.08 48.73 82.04 71.09 53.26 48.88 228.80 218.90 218.96 15% 12% 15% 20% 5% 20% 21% 18% 12% 4% 6% 2% 4% 21% 18% 12% 7% 13% 14% 5% 4% 18% 0% 14% 15% 15% 23% 16% 16% 11% 11% 21% 26% 25% 28% 27% 11% 20% 8% 24% EPS ($) PER(x) Div Yield(%) 52week Price 2018 2019 2018 2019 2018 2019 High Low % Chg YTD 13.16 9.40 7.12 11.88 8.03 8.03 6.35 3.32 8.61 4.85 2.11 4.87 10.75 3.68 23.19 10.10 8.08 4.90 5.99 4.80 10.12 14.82 3.57 5.26 3.34 4.36 2.84 5.96 2.92 5.40 5.16 2.84 3.17 7.61 3.32 4.90 4.65 8.90 11.64 46.85 13.66 10.20 8.34 12.39 8.75 8.77 22.92 4.85 9.13 5.17 2.29 5.08 11.58 4.28 25.42 10.59 9.00 5.44 6.05 4.87 10.99 16.66 3.65 5.94 3.57 4.42 2.75 6.01 3.39 6.26 5.17 3.07 4.15 8.52 3.43 5.34 4.66 11.14 12.75 58.92 10.0 16.7 16.4 9.7 27.2 15.4 51.6 20.3 15.2 24.2 25.6 23.1 13.5 17.7 8.5 10.4 15.2 17.0 22.3 11.7 19.9 16.5 9.6 25.4 13.9 10.5 12.2 8.3 27.3 32.7 10.4 9.2 11.4 8.1 15.5 8.0 9.3 20.5 17.3 25.1 9.7 15.4 14.0 9.3 24.9 14.1 14.3 13.9 14.3 22.7 23.5 22.2 12.6 15.2 7.7 9.9 13.6 15.3 22.1 11.6 18.4 14.7 9.4 22.5 13.0 10.3 12.6 8.2 23.4 28.2 10.4 8.6 8.7 7.2 15.0 7.3 9.3 16.4 15.8 19.9 4.9 3.6 4.1 3.3 2.1 2.4 2.5 5.1 2.9 2.6 3.0 1.9 2.2 1.7 2.1 3.2 1.3 2.6 1.3 4.3 2.7 1.7 6.0 1.5 3.2 2.7 4.2 3.6 1.2 0.6 2.4 2.5 6.8 3.1 6.1 3.3 4.4 0.0 1.5 0.0 5.1 3.8 4.2 3.6 2.3 2.5 2.7 5.3 3.1 2.7 3.1 1.9 2.3 1.9 2.7 3.5 1.4 2.8 1.4 4.4 2.9 1.9 6.1 1.6 3.3 2.9 4.3 3.8 1.3 0.6 2.6 3.1 6.9 3.6 6.1 3.8 4.8 0.0 1.6 0.0 154.36 219.74 127.60 159.37 221.93 144.24 445.95 87.36 148.97 121.75 54.82 115.45 155.09 102.34 245.05 119.23 129.33 87.07 147.15 61.58 219.17 287.94 34.96 141.67 58.25 59.58 46.46 86.31 90.00 184.07 57.59 31.49 47.16 75.24 69.60 50.43 59.53 208.66 233.47 195.72 105.96 155.68 100.22 112.08 156.64 100.50 292.53 64.66 122.00 78.49 44.25 85.78 111.09 63.62 151.70 91.11 89.07 66.10 100.35 52.28 158.09 208.07 26.80 93.98 40.25 42.36 33.97 49.12 66.53 121.60 36.16 22.66 35.73 48.42 47.39 36.74 43.02 123.02 142.00 129.77 16.06 -17.69 7.50 -9.30 22.92 16.21 1.71 -1.38 1.15 27.71 13.77 20.98 21.58 -14.35 17.44 7.76 28.39 9.23 21.67 0.14 17.44 -1.95 20.32 31.61 6.74 -2.62 -21.01 -27.86 7.24 33.60 36.36 6.53 -4.93 17.79 -1.23 -1.39 -5.86 39.29 27.89 21.81 Note: The above data is based on Bloomberg consensus Page 4 of 5
62. 19-Aug-19 LIST OF RECOMMENDED BUY STOCKS FROM JANUARY 2018 TO CURRENT Stock ALIBABA ALIBABA APPLE INC APPLE INC AT &T INC BANK OF AMERICA BANK OF AMERICA BANK OF AMERICA BANK OF AMERICA BOEING CO BP PLC BP PLC BP PLC BP PLC CATERPILLAR CHEVRON CORP CITIGROUP CITIGROUP COCA-COLA COCA-COLA COCA-COLA COCA-COLA COCA-COLA EXXON MOBIL EXXON MOBIL EXXON MOBIL FACEBOOK FACEBOOK FACEBOOK HOME DEPOT HOME DEPOT HOME DEPOT HOME DEPOT IBM INTEL CORP INTEL CORP JOHNSON & JOHNSON JOHNSON & JOHNSON JOHNSON & JOHNSON JOHNSON & JOHNSON LAS VEGAS LAS VEGAS LAS VEGAS LAS VEGAS LAS VEGAS MCDONALDS MCDONALDS MCDONALDS MERCK & CO MERCK & CO MERCK & CO MORGAN STANLEY MORGAN STANLEY NIKE INC PFIZER INC PROCTER & GAMBLE UNITEDHEALTH VERIZON VERIZON VISA WAL-MART WAL-MART WAL-MART WAL-MART WALT DISNEY WALT DISNEY WALT DISNEY WALT DISNEY WALT DISNEY WALT DISNEY WELLS FARGO REC BUY Date Price 11/Oct/18 8/May/19 8/Jan/19 6/Aug/19 9/Jan/18 18/Jul/18 11/Dec/18 15/Jan/19 26/Mar/19 2/Jul/19 11/Apr/18 5/Dec/18 4/Apr/19 13/Jun/19 24/Oct/18 14/Feb/18 31/May/18 11/Jul/18 18/Jan/18 27/Feb/18 3/Jul/18 12/Sep/18 21/Feb/19 7/Feb/18 22/Nov/18 23/Apr/19 6/Sep/18 3/Apr/19 4/Jun/19 8/Mar/18 17/Jul/18 26/Feb/19 2/May/19 31/Oct/18 30/Aug/18 9/May/19 6/Feb/18 6/Jun/18 21/Aug/18 23/Jul/19 2/Aug/18 5/Sep/18 23/Oct/18 7/May/19 30/May/19 23/May/18 19/Sep/19 14/Feb/19 28/Feb/18 18/Apr/18 10/Apr/19 19/Jul/18 23/May/19 16/Jul/19 17/Jan/18 24/Jan/18 28/Feb/19 22/Feb/18 24/May/18 22/Mar/18 21/Feb/18 19/Apr/18 15/May/18 16/Oct/18 13/Feb/18 1/Mar/18 24/May/18 12/Jul/18 13/Feb/19 12/Mar/19 10/Oct/18 Total funds invested * Total unrealised profit Return 138.29 181.43 147.93 193.34 38.25 30.01 24.76 26.37 26.84 356.46 42.78 40.95 44.23 41.06 118.98 113.29 66.68 68.23 46.82 44.03 43.75 46.02 45.10 78.35 77.56 82.90 167.18 174.20 164.15 178.58 179.58 189.98 198.80 115.40 48.75 46.62 130.39 121.48 136.88 128.64 69.01 64.50 54.89 66.57 55.50 159.45 157.77 174.15 54.72 59.27 80.80 42.74 43.49 89.48 36.60 88.31 243.00 47.96 48.59 130.66 94.11 87.57 84.39 95.81 103.39 103.16 100.15 108.04 109.20 114.75 53.53 16-Aug-19 Price 166.97 166.97 201.74 201.74 34.34 26.25 26.25 26.25 26.25 328.00 36.05 36.05 36.05 36.05 115.25 116.95 61.32 61.32 53.87 53.87 53.87 53.87 53.87 67.25 67.25 67.25 182.59 182.59 182.59 201.79 201.79 201.79 201.79 131.92 45.70 45.70 130.54 130.54 130.54 130.54 51.41 51.41 51.41 51.41 51.41 218.27 218.27 218.27 83.46 83.46 83.46 39.10 39.10 89.48 34.48 117.39 244.25 56.30 56.30 176.27 112.69 112.69 112.69 112.69 133.41 133.41 133.41 133.41 133.41 133.41 43.38 Change (+/-) 28.68 (14.46) 53.81 8.40 (3.91) (3.76) 1.49 (0.12) (0.59) (28.46) (6.73) (4.90) (8.18) (5.01) (3.73) 3.66 (5.36) (6.91) 7.05 9.84 10.12 7.85 8.77 (11.10) (10.31) (15.65) 15.41 8.39 18.44 23.21 22.21 11.81 2.99 16.52 (3.05) (0.92) 0.15 9.06 (6.34) 1.90 (17.60) (13.09) (3.48) (15.16) (4.09) 58.82 60.50 44.12 28.74 24.19 2.66 (3.64) (4.39) 0.00 (2.12) 29.08 1.25 8.34 7.71 45.61 18.58 25.12 28.30 16.88 30.02 30.25 33.26 25.37 24.21 18.66 (10.15) pct ST 20.74 (7.97) 36.38 4.34 (10.22) (12.53) 6.02 (0.46) (2.20) (7.98) (15.73) (11.97) (18.49) (12.20) (3.13) 3.23 (8.04) (10.13) 15.06 22.35 23.13 17.06 19.45 (14.17) (13.29) (18.88) 9.22 4.82 11.23 13.00 12.37 6.22 1.50 14.32 (6.26) (1.97) 0.12 7.46 (4.63) 1.48 (25.50) (20.29) (6.34) (22.77) (7.37) 36.89 38.35 25.33 52.52 40.81 3.29 (8.52) (10.09) 0.00 (5.79) 32.93 0.51 17.39 15.87 34.91 19.74 28.69 33.53 17.62 29.04 29.32 33.21 23.48 22.17 16.26 (18.96) 6,966,600 618,220 8.87% 174.37 174.37 211.81 211.81 35.39 28.86 28.86 28.86 28.86 361.00 38.90 38.90 38.90 38.90 126.57 125.88 64.56 64.56 56.49 56.49 56.49 56.49 56.49 70.46 70.46 70.46 193.72 193.72 193.72 219.29 219.29 219.29 219.29 138.53 50.97 50.97 148.28 148.28 148.28 148.28 55.42 55.42 55.42 55.42 55.42 228.45 228.45 228.45 91.17 91.17 91.17 45.38 45.38 95.62 39.06 122.67 262.50 62.13 62.13 189.98 120.52 120.52 120.52 120.52 149.47 149.47 149.47 149.47 149.47 149.47 46.85 Upside Targets MT LT 188.64 188.64 233.33 233.33 37.01 30.46 30.46 30.46 30.46 393.49 40.61 40.61 40.61 40.61 135.48 133.82 68.36 68.36 57.78 57.78 57.78 57.78 57.78 74.06 74.06 74.06 218.52 218.52 218.52 233.74 233.74 233.74 233.74 146.22 53.00 53.00 157.45 157.45 157.45 157.45 60.40 60.40 60.40 60.40 60.40 238.09 238.09 238.09 95.70 95.70 95.70 48.06 48.06 99.06 40.80 127.86 269.12 64.41 64.41 199.30 127.05 127.05 127.05 127.05 157.92 157.92 157.92 157.92 157.92 157.92 51.44 211.70 211.70 254.85 254.85 38.63 33.05 33.05 33.05 33.05 446.01 41.99 41.99 41.99 41.99 144.40 141.76 73.08 73.08 59.06 59.06 59.06 59.06 59.06 79.88 79.88 79.88 243.32 243.32 243.32 242.67 242.67 242.67 242.67 155.74 55.52 55.52 163.12 163.12 163.12 163.12 64.41 64.41 64.41 64.41 64.41 245.88 245.88 245.88 99.36 99.36 99.36 50.73 50.73 101.84 42.97 132.07 275.81 66.26 66.26 206.83 132.33 132.33 132.33 132.33 166.37 166.37 166.37 166.37 166.37 166.37 54.28 ST 4.43 4.43 4.99 4.99 3.06 9.94 9.94 9.94 9.94 10.06 7.91 7.91 7.91 7.91 9.82 7.64 5.28 5.28 4.86 4.86 4.86 4.86 4.86 4.77 4.77 4.77 6.10 6.10 6.10 8.67 8.67 8.67 8.67 5.01 11.53 11.53 13.59 13.59 13.59 13.59 7.80 7.80 7.80 7.80 7.80 4.66 4.66 4.66 9.24 9.24 9.24 16.06 16.06 6.86 13.28 4.50 7.47 10.36 10.36 7.78 6.95 6.95 6.95 6.95 12.04 12.04 12.04 12.04 12.04 12.04 8.00 % Upside MT 12.98 12.98 15.66 15.66 7.78 16.04 16.04 16.04 16.04 19.97 12.65 12.65 12.65 12.65 17.55 14.42 11.48 11.48 7.26 7.26 7.26 7.26 7.26 10.13 10.13 10.13 19.68 19.68 19.68 15.83 15.83 15.83 15.83 10.84 15.97 15.97 20.61 20.61 20.61 20.61 17.49 17.49 17.49 17.49 17.49 9.08 9.08 9.08 14.67 14.67 14.67 22.92 22.92 10.71 18.33 8.92 10.18 14.40 14.40 13.07 12.74 12.74 12.74 12.74 18.37 18.37 18.37 18.37 18.37 18.37 18.58 LT 26.79 26.79 26.33 26.33 12.49 25.90 25.90 25.90 25.90 35.98 16.48 16.48 16.48 16.48 25.29 21.21 19.18 19.18 9.63 9.63 9.63 9.63 9.63 18.78 18.78 18.78 33.26 33.26 33.26 20.26 20.26 20.26 20.26 18.06 21.49 21.49 24.96 24.96 24.96 24.96 25.29 25.29 25.29 25.29 25.29 12.65 12.65 12.65 19.05 19.05 19.05 29.74 29.74 13.81 24.62 12.51 12.92 17.69 17.69 17.34 17.43 17.43 17.43 17.43 24.71 24.71 24.71 24.71 24.71 24.71 25.13 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from Jan 2018 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, August 19, 2019, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 5 of 5