Bursa Malaysia Daily Market Report - 2 November

Transcription

1. Monday , 02 November, 2020 TA RESEARCH’S ‘DAILY COMPILED REPORTS’ For Internal Circulation Only N ew s 1. D ai l y M arke t C om men t a ry 2. W eek ly St r at e g y 3 . W eek ly Te ch n i c a l Ou t lo ok Fu nd a me n tal Rep o r ts 1. Ba nki n g Sec t o r: L o an Gr ow t h u p 4 .4 % Y oY in Sep t e mb er 2. Sem i c o n d uc t or Sec t o r: 9 M2 0 ’ s G lob al S em i c on du ct o r S ale s Ro se 5 .5 % 3. Wi l m a r I n t e rn at i o nal Li m i t ed: Sp e ci a l D iv i d en d in F in al Qu art e rl y R esu lt s Te ch n ic al R ep o rt s 1. W eek ly Te ch n i c a l St o ck W at ch 2. D ai l y Mon e y F low of T e ch n i c a l St o ck W at ch - FB M K L CI 3. W eek ly A ce M ark et St o ck W at ch 4. W eek ly S m al l C ap St o ck W at ch 5. W eek ly St o ck S cre en 6. W eek ly F ore i gn St o ck W at ch (A U S, HK , 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
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Daily Market Commentary Monday , 02 November 2020 TA Research, e-mail : taresearch@ta.com.my For Internal Circulation Only Review & Outlook KLSE Market Statistics (30.10.2020) (mil) Volume +/-chg (RMmn) Main Market 3,375.5 Warrants 724.1 ACE Market 1,807.2 Bond 0.3 ETF 0.3 LEAP 0.2 Total 5,907.6 Off Market 281.9 900.8 -22.4 365.6 0.3 0.2 0.1 3,187.4 158.3 560.5 0.1 0.7 0.1 3,907.0 102.6 173.9 Value Value/ +/-chg Volume Up Down 433.6 -30.5 63.9 0.1 0.5 0.0 64.6 Major Indices Index +/- chg Malaysia FBMKLCI FBMEMAS FBMSCAP November 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 0.94 0.22 0.31 0.32 2.06 0.36 0.66 0.62 104 585 75 319 17 120 1 3 6 6 0 0 203 1,033 % chg % YTD chg 1,466.89 10,613.58 12,896.64 1,457.50 -28.31 -207.05 -351.58 -35.00 -1.89 -1.91 -2.65 -2.35 -7.67 -6.27 -8.95 -8.62 26,501.60 10,911.59 5,577.27 22,977.13 2,267.15 24,107.42 2,423.84 1,194.95 5,128.23 3,224.53 2,198.07 5,927.58 -157.51 -274.00 -4.48 -354.81 -59.52 -479.18 -26.84 -6.69 0.00 -48.19 -51.51 -32.76 -0.59 -2.45 -0.08 -1.52 -2.56 -1.95 -1.10 -0.56 0.00 -1.47 -2.29 -0.55 -7.14 21.61 -26.05 -2.87 3.16 -14.48 -24.79 -24.36 -18.59 5.72 27.58 -11.32 Following last Friday's selloff to a fresh five-month low, technical trend indicators for the FBM KLCI turned decisively bearish, which could accelerate losses despite momentum indicators registering more oversold conditions. Hence, any oversold rebound attempts this week may prove fleeting, moreover given slumping oil prices amid surging COVID-19 cases worldwide dampening the global growth outlook, ambiguity over the US presidential elections outcome, concerns over an interest rate cut pressuring banking shares and domestic political uncertainties ahead of the keenly awaited Budget 2021 tabling this Friday. Crucial index support will be the 38.2%FR of the 1,207 to 1,618 upswing at 1,461, matching last Friday's low, and then 1,450, with next significant retracement support seen only from the 50%FR at 1,412. Immediate upside hurdles are downgraded to the 10-day and 30-day moving averages at 1,497 and 1,505, respectively, with next hurdles from the 50-day and 100day moving averages at 1,516 and 1,537. Stocks wise, defensive healthcare, plantation and telco stocks such as IHH Healthcare, IOI Corp, Axiata and DiGi.com should continue to attract bargain hunters on further weakness ahead of eventual recovery ahead. Meanwhile, top banking stocks like AMBank, CIMB, Maybank and RHB Bank will look increasingly attractive to bargain hunt on further dip as aggravated oversold momentum should spark strong technical rebound gains. News Bites • Finance Minister Datuk Seri Tengku Zafrul has revealed that the allocation for Budget 2021 will be bigger than the RM297bn Budget 2020, and that the government will not be cutting back on its development spending. • The Federal Land Development Authority expects to compensate FGV Holdings Bhd "substantially" less than the estimated RM3.5bn -RM4.3bn following early termination of their Land Lease Agreement. • Ekovest Bhd has launched a mandatory general offer for PLS Plantations Bhd at 95sen per share and 15sen for each warrant. • MISC Bhd has taken delivery of its first very large ethane carrier at the Samsung Heavy Industries shipyard in Geoje, South Korea. • Pagoh Economic Zone, involving an area spanning 1,600ha next to Bandar Universiti Pagoh here, will be developed soon by Sime Darby Property. • Notion VTec Bhd will be investing some RM90mn to set up 9 nitrile Top 10 KLCI Movers Based on glove production lines with an output of 60mn pieces of gloves per Off Market Mkt Cap. month. (mn) (RM) Counter Mkt Cap. Chg Vol. • DRB-Hicom Bhd's Subsidiary Glenmarie Properties Sdn Bhd is acquiring 116.44ha of land in Alor Gajah Melaka from Eksklusif Pesona Sdn Bhd (RM’mn) (RM) (mn) PLS 95.8 @ 0.95 for RM240mn. MAYBANK 78,690 -0.07 8.68 WIDAD 85.4 @ 0.52 • Lagenda Properties Bhd has entered into a MoU with BDB Land Sdn TOPGLOV 69,793 -0.21 26.13 PUC 23.5 @ 0.24 Bhd, a unit of Bina Darulaman Bhd, to build affordable homes, with the HARTA 61,697 -0.02 4.80 AGES 20.0 @ 0.14 possibility of a recurring partnership between the 2 parties. OCR 16.4 @ 0.24 PBBANK 58,543 -0.60 8.34 • Yi-Lai Bhd has received shareholders nod for its diversification into DATAPRP 0.8 @ 1.80 information technology solutions. TENAGA 54,422 -0.24 7.36 • Golden Screen Cinemas Sdn Bhd, Malaysia's largest cinema operator PLS-WA 7.1 @ 0.15 PCHEM 46,800 -0.10 5.29 and a wholly-owned subsidiary of PPB Group Bhd, will be closing its AEON 6.1 @ 0.70 IHH 43,623 -0.13 3.57 cinemas nationwide for the whole of November. SEG 5.5 @ 0.64 MAXIS 37,551 -0.12 2.39 • AE Multi Holdings Bhd on last Friday signed a collaboration agreement BERTAM 5.1 @ 1.00 SIMEPLT 33,321 -0.01 4.34 with Ripcol Engineering Sdn Bhd to be a consultation service provider KAB 5.0 @ 0.90 NESTLE 32,689 -1.20 0.08 for companies that are entering the rubber glove-manufacturing MERIDIAN 3.4 @ 0.30 industry. MESB-WA 2.1 @ 0.15 • Focus Dynamics Group Bhd has on last Friday signed a heads of LEESK 1.8 @ 0.54 agreement with Saudee Group Bhd to jointly roll out Malaysia's first robotics operated burger kiosks. EFRAME 1.1 @ 0.38 • 7-Eleven Malaysia Holdings Bhd has appointed CFO Wong Wai Keong FOCUS 1.0 @ 0.55 and executive director Tan U-Ming as the co-CEOs for the company, MICROLN 1.0 @ 1.65 effective Dec 1, 2020. Exchange Rate Commodities Futures • Axiata Group Bhd has appointed former chairman of the Malaysian USD/MYR 4.155 -0.002 Palm Oil (RM/mt) 3,007.00 -44.00 Communications and Multimedia Commission Tan Sri Dr Halim Shafie as its independent non-executive director. Crude Oil (Brent) 37.45 -0.16 USD/JPY 104.410 0.310 • Tek Seng Holdings Bhd saw its net profit for 3Q20 surging by more Gold ($/tr.oz.) 1,878.80 10.90 EUR/USD 1.167 -0.004 than 40 times to RM8.1mn from RM191k a year ago on higher PVC USD/CNY 6.688 -0.021 sales and profit. Important Dates • China's manufacturing PMI stood at 51.4 in October, slightly below the reading of 51.5 for September. KGROUP - 1:1 Rights Issue - RI of up to 982.2m shares together • The US consumer spending, which accounts for more than two thirds with up to 982.2m free detachable warrants. of U.S. economic activity, increased 1.4% in September after gaining 1% in August. 1 rights share together with 1 warrant for every 1 existing share • GDP in the Eurozone surged 12.7% QoQ in the third quarter after held, at an issue price of RM0.05 per rights share. contracting 11.8% in the second quarter. Application Closed: 06/11/2020. LISTING ON: 20/11/2020. 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 , November 02, 2020 FBMKLCI: 1,466.89 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 Downside Pressure Persists Amidst Important Events This Week The local blue-chip benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) sank to close at a fresh five-month low last Friday, pressured by foreign selling, which accelerated ahead of the weekend, as banks led losses in anticipation of an interest rate cut this week. Uncertainty over the domestic political situation following the Agong’s revocation of a state of emergency request by the PM and profit-taking in key rubber glove stocks despite them reporting strong record earnings also contributed to the decline. For the week, the FBM KLCI slumped 27.75 points, or 1.86 percent to 1,466.89, as losses on Nestle (-RM1.90), Public Bank (-76sen), Tenaga Nasional (-45sen) and DiGi.com (-21sen) overshadowed gains in Hartalega (+68sen) and Axiata (+15sen). Average daily traded volume and value last week deteriorated to 5.27 billion shares worth RM4.04 billion, compared to the 8.53 billion shares and RM5.2 billion average the previous week, as trading momentum in small caps, ACE Market and penny stocks generally reduced given the increased market uncertainties which discouraged investor participation. This is a very crucial week with the outcome of many key events in the next five days having great impact on the economy and financial markets. Top most among them is the toughly contested US presidential election tomorrow. A recent national poll by Fox News revealed Democratic presidential candidate Joe Biden is still leading the race with an 8-point advantage over President Trump and has consistently exceeded the 50% support in preelection surveys, a feat that was never possible for neither candidate in 2016 pre-election surveys or final result. Nonetheless, polls are not a foolproof yardstick due to sampling error and size. Point in case was Trump’s victory in 2016 although Hillary Clinton held a clear lead in a series of national polls. Usually, the winner of presidential race will be known on the election night itself. However, this may not be the case tomorrow. It is because of the Covid-19 pandemic that has contributed to more than 90 million early voters as at end-October. With increased number of these early votes being cast over mail, the actual winner can be announced a day or two later. Worse still, if there are delivery delays in postal votes, which are said to be leaning towards Democrats, and the counting is done after the election day, which can lead to lawsuits and further delays in announcing the winner. A narrow victory for either party, where a bare minimum of 270 votes or slightly more have been secured from the 538 electoral college, could cause uncertainty as well as it can be contested in court and lead to a constitutional crisis. Page 1 of 11
4. 2-Nov-20 Biden ’s victory could unnerve the US equity market due to his intention to reverse Trump’s 2017 tax cuts. However, there are also views that the US’ trade relations, especially with China, should improve with a Democrat victory and this should be good for the global economy although not necessarily for the US economy. On the other hand, Trump’s reelection could make him more vocal in trade talks and foreign relations, thus sustaining or even worsening current geopolitical instability. A Democrat victory can be good for countries in Southeast Asia, including Malaysia, as funds move out from the US in search of better growth prospects as local corporate earnings take a hit from higher taxes. Domestically, Bank Negara will be having its Monetary Policy Committee meeting tomorrow as well. While consensus expectations are for it to stay pat on its policy decision, recent corrections in banking stocks allude to possibility of another 25 basis points cut to 1.50% in the Overnight Policy Rate, which will be welcomed as an added booster for lowering the cost of doing business and to boost consumption, especially with the resurgence of Covid19 cases globally and the new nationwide lockdowns announced by many major economies in Europe affecting external demand. That aside, the impending Budget 2021 that will be tabled this Friday has more political flavour added to it than ever before due to the thin majority enjoyed by the fractured ruling coalition, which has been disputed by the opposition parties. With the Budget expected to focus more in alleviating the rakyat’s burden caused by Covid-19 and restoring economic growth, anticipations are running high that nobody will thwart the approval process to score political mileage as that will paint them badly in the eyes of the nation and create more instability at a time more concerted efforts are needed to fight the pandemic. Thus, possible correction this week can present a good opportunity to accumulate undervalued blue chips, growth stocks and defensive plays with growth potential to enjoy a relief rally once the dust settles. 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 11
5. 2-Nov-20 N e w s I n B r i e f Corporate Tek Seng Holdings Bhd (Not Rated) saw its net profit for 3Q20 surging by more than 40 times to RM8.1mn from RM191k a year ago on higher PVC sales and profit. Revenue rose 23.35% to RM49.29mn from RM39.96mn. For 9M20, the group returned to the black with a net profit of RM19.25mn, from a net loss of RM3.32mn a year ago. (Bursa Malaysia/ The Edge) The Federal Land Development Authority (Felda) expects to compensate FGV Holdings Bhd "substantially" less than the estimated RM3.5bn -RM4.3bn following early termination of their Land Lease Agreement. Tan Sri Abdul Wahid Omar, chairman of the special task force on Felda, also said the government agency might buy FGV's palm oil mills located on the LLA land. (New Straits Times) Ekovest Bhd (Not Rated) has launched a mandatory general offer (MGO) for PLS Plantations Bhd (Not Rated) at 95sen per share and 15sen for each warrant. The MGO followed its proposed acquisition of an additional 24.54% PLS stake on last Thursday. PLS has close to 45,000ha of plantation land in Johor, of which about 600ha is planted with durians. (Bursa Malaysia/ New Straits Times) MISC Bhd has taken delivery of its first very large ethane carrier (VLEC) at the Samsung Heavy Industries shipyard in Geoje, South Korea. The Seri Everest is the first from a series of six VLECs that MISC purchased in July 2020. Concurrently, MISC had also entered into time charter parties with Zhejiang Satellite Petrochemical Co Ltd (STL), for the 6 VLECs to operate in international waters. (New Straits Times) Pagoh Economic Zone, involving an area spanning 1,600ha next to Bandar Universiti Pagoh here, will be developed soon, thus spurring rapid economic activities and produce spillover effects to the surrounding communities. The duty-free zone, which will be developed by Sime Darby Property, would also identify giant companies to invest in the zone. (The Edge) Notion VTec Bhd (Not Rated), which ventured into the production of personal protective equipment in June, will be investing some RM90mn to set up 9 nitrile glove production lines. It said the first phase comprises an estimated capex of RM30mn for 3 lines with an output of 60mn pieces of gloves per month. (Bursa Malaysia/ The Edge) DRB-Hicom Bhd's (Not Rated) subsidiary Glenmarie Properties Sdn Bhd is acquiring 116.44ha of land in Alor Gajah Melaka from Eksklusif Pesona Sdn Bhd for RM240mn. DRBHicom said the acquisition is in line with the group's strategic direction where the property division will focus on the development and sale of industrial properties. (Bursa Malaysia/ New Straits Times) Lagenda Properties Bhd (Not Rated) has entered into a MoU with BDB Land Sdn Bhd, a unit of Bina Darulaman Bhd (Not Rated), to build affordable homes, with the possibility of a recurring partnership between the 2 parties. Under the MoU, both parties will negotiate and endeavour to enter into a joint venture to develop affordable homes over 230 acres of land in Kuala Muda, Kedah Darul Aman. (Bursa Malaysia/ The Edge) Yi-Lai Bhd (Not Rated) has received shareholders nod for its diversification into information technology solutions. As it's new long-term growth engine, Yi-Lai will venture into the business of blockchain technology solutions and system integration services. This is pursuant to the joint venture agreement signed with TechBase Solution Sdn Bhd announced on 8 September 2020. (Bursa Malaysia/ New Straits Times) Page 3 of 11
6. 2-Nov-20 Golden Screen Cinemas Sdn Bhd , Malaysia's largest cinema operator and a wholly-owned subsidiary of PPB Group Bhd (Not Rated), will be closing its cinemas nationwide for the whole of November. This follows the announcement by the Malaysian Association of Film Exhibitors to collectively suspend all cinema operations in the country temporarily. (The Edge) 7-Eleven Malaysia Holdings Bhd (Not Rated) has appointed CFO Wong Wai Keong and executive director Tan U-Ming as the co-CEOs for the company, effective Dec 1, 2020. They will jointly succeed Colin George Harvey, who will relinquish his post as executive director and CEO effective Dec 1, 2020 for health reasons. Harvey will continue with the company in his new capacity as an advisor and consultant. (Bursa Malaysia/ The Sun) Axiata Group Bhd has appointed former chairman of the Malaysian Communications and Multimedia Commission Tan Sri Dr Halim Shafie as its independent non-executive director. On top of that, Axiata announced last Friday that it has appointed Syed Ali Syed Salem Alsagoff as the Permodalan Nasional Bhd’s nominee to Axiata’s board. (Bursa Malaysia/ The Edge) AE Multi Holdings Bhd (Not Rated) on last Friday signed a collaboration agreement with Ripcol Engineering Sdn Bhd to be a consultation service provider for companies that are entering the rubber glove-manufacturing industry. (Bursa Malaysia/ The Edge) Focus Dynamics Group Bhd (Not Rated) has on last Friday signed a heads of agreement with Saudee Group Bhd (Not Rated) to jointly roll out Malaysia's first robotics operated burger kiosks. The parties are targeting to launch the kiosks in the new year. (Bursa Malaysia/ New Straits Times) [ TH E RE M A ININ G OF T H IS P A GE IS IN TE N TI O NA L L Y L E F T BL AN K] Page 4 of 11
7. 2-Nov-20 N e w s I n B r i e f Economy Malaysi a MoF : Budget 2021 to be Bigger Than Previous Year's Finance Minister Datuk Seri Tengku Zafrul has revealed that the allocation for Budget 2021 will be bigger than the RM297bn Budget 2020, and that the government will not be cutting back on its development spending, which over the decade accounted for barely one quarter of the government expenditure in the past 10 years, or less in some years. In an interview, the minister said the upcoming budget will also be more dynamic than the preceding one, given the current unpredictability of the Covid-19 pandemic. While he did not confirm the quantum of the budget, he assured that the size will be bigger than Budget 2020 to create jobs and restart the economy. A total of RM297bn has been allocated for Budget 2020, comprising RM241bn for operating expenditure and RM56bn for development expenditure. Budget 2020 is the second largest budget since 2011. While foreseeing an expansionary budget as the government needs to be the economic growth locomotive, economists are wondering the size of the national budget for 2021 compared with the one in 2019 which was RM315.96bn — one of the biggest, if not the biggest, in history. The sizable budget was due partly to the refund of goods & services tax and income tax. Petroliam Nasional Bhd (Petronas) declared a special dividend of RM30bn that year to shoulder the financial burden. “Budget 2021 is an expansionary budget. We have to increase the allocation for development because this will have a long-term impact on the economy,” Tengku Zafrul was quoted as saying. Citing the building of hospitals as an example, he said such a project could create more job opportunities and increase economic gains. The country's development expenditure (DE) has not been more than 26% of the public expenditure in the past 10 years. The highest DE allocation granted was in Budget 2018 amounted to RM59.1bn. Since 2018, the DE has been above RM50bn. Emoluments usually have the lion’s share of the public expenditure. Other big items are debt service charges, supplies and services, and retirement charges. Emoluments accounted for 27.8% of the public spending in Budget 2020, debt service charges 11.8%, supplies & services 13% and retirement charges 9.1%. (The Edge) PM Urges MPs to Put Aside Political Differences, Ensure Budget 2021 is Passed Prime Minister Tan Sri Muhyiddin Yassin has urged Members of Parliament (MPs) to set aside their political differences and ensure Budget 2021, set to be tabled on Nov 6, is passed, saying the well-being of Malaysians should be put first in the face of the Covid-19 pandemic. He said a mutual understanding can be reached among the MPs to allow Budget 2021 to be passed, with support from both sides of the political divide. “I guarantee that the Perikatan Nasional (PN) government will continue to find the best way to manage this crisis that we are facing. We have only one goal — that is to win in this war against Covid-19 and to ensure the safety and well-being of the rakyat are preserved,” he said. In a national address telecast live earlier, he reiterated that Budget 2021 will include several allocations to government agencies, assistance for the rakyat and incentives for the corporate, industrial and business segments to aid them in facing Covid-19. “I know that many are suffering due to the loss of jobs and income due to Covid-19. Many businesses were forced to shut down. More than 800,000 people have lost their jobs,” he said. “The government will be announcing initiatives in the upcoming Budget 2021 that will be able to assist everyone amid this challenging period,” he added. (The Edge) Page 5 of 11
8. 2-Nov-20 Malaysia ’s Official Reserves at US$104.98bn as at End-Sept 2020 Malaysia’s international reserves remained usable as at end-September 2020, with official reserve assets at US$104.98bn, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format. In a statement, Bank Negara Malaysia (BNM) said other foreign currency assets amounted to US$1.17bn as at endSeptember 2020. For the next 12 months, the pre-determined short-term outflows of foreign currency loans, securities and deposits, which include, among others, scheduled repayment of external borrowings by the government and the maturity of foreign currency Bank Negara Interbank Bills, amounted to US$8.91bn. The central bank said the short forward positions amounted to US$7.21bn, while long forward positions amounted to US$1.14bn as at end-September 2020, reflecting the management of ringgit liquidity in the money market. In line with the practice adopted since April 2006, the data excludes projected foreign currency inflows arising from interest income and the drawdown of project loans. According to BNM, the projected foreign currency inflows amount to US$2.45bn in the next 12 months, and the only contingent short-term net drain on foreign currency assets are government guarantees of foreign currency debt due within one year, amounting to US$277.1mn. There are no foreign currency loans with embedded options, no undrawn, unconditional credit lines provided by or to other central banks, international organisations, banks and other financial institutions. BNM also does not engage in foreign currency options vis-a-vis the ringgit. (The Edge) Government Mulls Issuing Temporary Work Permits for Undocumented Migrants The Government is considering issuing temporary work permits to illegal foreign workers in the country to overcome the shortage of foreign workers in the oil palm and rubber industries, said Tan Sri Muhyiddin Yassin. The Prime Minister said the Government is seeking ways to solve the problem of shortage of foreign workers in these two sectors, especially after Malaysia closed its borders to curb the spread of COVID-19. The proposal is to give one- or two-year work permits, he said at a meet-the-people session with the Chinese community and Chinese non-governmental organisations (NGOs) in Pagoh. “Give them a temporary licence or work permit, like what we call an amnesty or legalisation programme. This is what we are mulling over,” he added. Muhyiddin, who is Pagoh Member of Parliament, was replying to a question from the chairman of Bukit Pasir Tiong Hua Association, Er Yu Peng, on the Government’s efforts to help residents involved in the oil palm sector in Pagoh as they are now facing a shortage of workers due to the COVID-19 pandemic. Muhyiddin said this proposal would be explained further by Home Minister Datuk Seri Hamzah Zainuddin and Human Resources Minister Datuk Seri M Saravanan later to avoid misunderstanding. (The Edge) RON95, RON97, Diesel Prices Remain Unchanged There is no change in the retail prices for RON95, RON97 and diesel from Oct 31 to Nov 6, says the Finance Ministry. The ministry in a statement said that the prices of RON95, RON97 and diesel remained at RM1.64, RM1.94 and RM1.74 per litre respectively. The price is based on the weekly retail price of petroleum products using the Automatic Pricing Mechanism (APM) formula. The government will continue to monitor the impact of changes in world crude oil prices and take appropriate measures to ensure the welfare and well-being of the people. (Malay Mail) Page 6 of 11
9. 2-Nov-20 Asia China Manufacturing Growth Eases in October but Remains Strong Factory activity in China dipped slightly in October , according to official data, but remained in growth territory as the world's second-largest economy continued its recovery after being hammered by the coronavirus. The closely watched Purchasing Managers' Index (PMI) is a key gauge of manufacturing activity in China, which has largely bounced back after plunging in February because of tough pandemic-control measures. In October, the PMI figure stood at 51.4, slightly below the reading of 51.5 for September. Any figure above the 50-point mark represents growth while below it signals a contraction. In February, China's manufacturing PMI plunged to 35.7 points after the coronavirus brought much of China to a standstill. Non-manufacturing PMI came in at 55.2 points - an increase of 0.3 percentage points from September, showing further signs of an economic rebound. China is expected to be the only major economy to record positive growth this year. The International Monetary Fund has nearly doubled the country's growth forecast in 2020 to 1.9% amid a strong recovery fuelled by its ability to curb its coronavirus outbreak and high global demand for medical equipment. (The Business Times) Japan Industrial Output Jumps 4.0% on Month in September Industrial output in Japan climbed a seasonally adjusted 4.0% on month in September, the Ministry of Economy, Trade and Industry said. That exceeded expectations for a gain of 3.2% following the 1.0% increase in August. On a yearly basis, industrial production was down 9.0% - again beating expectations for a decline of 10.0% following the 13.8% fall in the previous month. Upon the release of the data, the METI upgraded its assessment of industrial production, saying that it is now picking up. Industries that contributed to the increase included motor vehicles, production machinery and electrical machinery tempered by declines among business-oriented machinery and organic chemicals. Shipments were up 3.8% on month and down 9.9%, while inventories sank 0.3% on month and 5.5% on year. The inventory ratio was down 3.7% on month and up 7.5% on year. The METI's forecast for industrial production suggests a monthly increase of 4.5% in October and 1.2% in November. Other news in Japan:  Overall inflation in the Tokyo region of Japan was down 0.3% on year in October, the Ministry of Internal Affairs and Communications said. That was in line with expectations following the 0.2% increase in September.  The unemployment rate in Japan came in at a seasonally adjusted 3.0% in September, the Ministry of Internal Affairs and Communications said. That was shy of forecasts for 3.1% and was unchanged from the August reading.  Japan's housing starts decreased 9.9% year-on-year in September, following a 9.1% fall in August. Economists had forecast an annual decline of 8.6%. Page 7 of 11
10. 2-Nov-20 (RTT) BOT: Thailand's Economy Improves in Q3 Thailand’s economic performance in the third quarter has improved following the easing of COVID-19 restrictions in the kingdom and abroad, the central bank said. In a statement, Bank of Thailand (BoT) said the relaxation of lockdown measures in both Thailand and abroad led to revival of several economic activities. “Private consumption indicators bounced back close to the level in the same period last year after contracting severely in the previous quarter, together with the improvement in household income and consumer confidence,” it said in a statement. It added that merchandise exports value excluding gold, private investment indicators and manufacturing production showed lesser contraction. “Public spending continued to expand and play an important role in supporting the Thai economy,” it said. Local media reported that Thailand’s economic performance projected to shrink by a single digit in the third quarter this year. Thailand’s second-quarter gross domestic product (GDP) contracted 12.2%, its sharpest fall in 22 years. Thailand’s third-quarter GDP official data will be released on November 16. Meanwhile, BoT said the value of merchandise exports recorded US$19.4bn in September, a decline by 4.2% from the same period last year. Excluding gold, it said the value of merchandise exports contracted by 3.7%, significantly improving as compared to a contraction at 13.6% in the previous month. (Bernama) United St ates U.S. Consumer Spending Beats Forecasts; Worries Over Decreasing Government Money U.S. consumer spending rose more than expected in September, but decreasing benefits for millions of unemployed Americans, cooling temperatures and a resurgence in COVID19 cases across the nation could crimp spending in the fourth quarter. The report from the Commerce Department also showed inflation remaining muted last month, which could allow the Federal Reserve to keep interest rates near zero for a while to aid the recovery from the COVID-19 recession as fiscal stimulus runs out. More than US$3tn in government pandemic relief, which included a weekly unemployment benefits subsidy, spurred record economic growth in the third quarter. Consumer spending, which accounts for more than two thirds of U.S. economic activity, increased 1.4% in September after gaining 1% in August. Economists polled by Reuters had forecast consumer spending rising 1% in September. Consumers boosted purchases of goods like new motor vehicles, clothing and footwear. They also lifted spending on healthcare, membership clubs, as well as outlays at sports centers, parks, theaters and museums. Still, consumer spending remains below its level at the start of the year, held back by outlays on services like air travel and hotel accommodation. Spending has shifted towards goods, indicating the services-driven economy’s recovery from the recession, which started in February, would be slower than previous downturns. Americans are also dipping into savings to fund spending. The saving rate slipped to a still high 14.3% from 14.8% in August. It peaked at record 33.6% in April. Despite the strongerthan-expected jump in consumer spending last month, inflation remained benign. The personal consumption expenditures (PCE) price index excluding the volatile food and energy components rose 0.2% after climbing 0.3% in August. In the 12 months through September, the so-called core PCE price index increased 1.5% after advancing 1.4% in August. The core PCE index is the preferred inflation measure for the Fed’s 2% target, a flexible average. (Reuters) Page 8 of 11
11. 2-Nov-20 U .S. Consumer Sentiment Edged Up in Late October, Still Low U.S. consumer sentiment edged up slightly in late October while remaining well below prepandemic levels, suggesting Americans’ anxiety over Covid-19 is persisting just before the election. The University of Michigan’s final sentiment index for October was 81.8, compared with a preliminary reading of 81.2 early in the month and September’s final reading of 80.4, according to data released. While the gauge is at a seven-month high, the level compares with 101 in February, which was close to the highest since 2004. The gauge of current conditions dropped 1.9 points from the prior month to 85.9, compared with the preliminary reading of 84.9. A measure of expectations increased 3.6 points from September to 79.2 and compared with a preliminary 78.8. While partisan divisions are still deep, optimism among Democrats surged over the past three months, boosting their expectations to the highest in more than a year. That coincides with polls showing Democratic challenger Joe Biden ahead of President Donald Trump, and the survey also shows consumers expect a Biden win. (Bloomberg) Chicago Business Barometer Indicates Slightly Slower Growth in October Chicago-area business activity saw continued growth in the month of October, according to a report released by MNI Indicators on Friday, although the pace of growth slowed modestly. MNI Indicators said its Chicago business barometer edged down to 61.1 in October after spiking to 62.4 in September. Economists had expected the index to dip to 58.0. Despite the modest decrease, the reading above 50 indicates growth in Chicago-area business activity for the fourth straight month. The pullback by the business barometer was partly due to a notable decrease by the production index, which slumped by 5.9 points. The employment index also backtracked in October and was the only major category to record a sub-50 reading, with firms noting staff reductions as a result of the pandemic. On the other hand, MNI Indicators said demand picked up modestly in October, with the new orders index inching up 0.2 points to its highest level since November 2018. (RTT) Fed Lowers Minimum Loan Level for Small Business Lending Program The Federal Reserve has lowered the barriers on its lending program for smaller businesses as part of an effort to broaden the appeal of the sparsely used facility. In another pair of tweaks to its Main Street Lending Program, the Fed on Friday said it is reducing the minimum loan size to US$100,000 from US$250,000 and will ease restrictions on debt for companies already participating in the Paycheck Protection Program. Aimed at helping small- and medium-sized firms get through the Covid-19 pandemic, the program thus far has issued nearly 400 loans for a total of US$3.7bn. The total capacity of the MSLP is US$600bn, thanks to US$75bn in collateral from the Treasury Department that can be leveraged up. In a release, the Fed said the changes are “two important ways to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to the pandemic.” The Main Street program is part of a raft of facilities the Fed rolled out shortly after the pandemic escalation in early March. Both borrowers and lenders have complained, however, that some of the conditions of the loans are too stringent and the fees are more onerous than they’re willing to pay. Where the PPP loans are forgivable under many circumstances, the Main Street loans are not, further dampening their appeal. (CNBC) Page 9 of 11
12. 2-Nov-20 Eurozone Eurozone Economy Surges in Third-Quarter Before Expected Blow from New Lockdowns Gross domestic product in the 19 countries sharing the euro surged 12 .7% quarter-onquarter in the third quarter after contracting 11.8% in the second, the European Union’s statistics office, Eurostat, said. Economists polled by Reuters had expected a 9.4% quarterly rise. A whopping 12.7% rebound in GDP in the third quarter is a bittersweet result with new lockdowns just being announced. That makes a double-dip unavoidable. The Eurozone average was boosted mainly by the countries that experienced the harshest lockdowns in the second quarter --France, Italy and Spain -- which all registered quarterly growth between 16.1% and 18.2%, preliminary data showed. Yet, France and Germany will introduce extensive lockdowns for all of November raising the prospect of another economic contraction in the fourth quarter. European Central Bank Vice President Luis de Guindos said he expected economic growth in the final three months of the year to disappoint. Keen to avoid a repeat of the recession, Italian Economy Minister Roberto Gualtieri said it was the government’s “absolute priority” to avoid a national lockdown that would derail the third quarter recovery. Year-on-year euro zone economic output was still 4.3% lower in the third quarter, though an improvement on the 14.8% annual contraction in the previous three months. That beat market expectations of a 7.0% year-on-year decline. Germany, the Eurozone’s biggest economy, grew 8.2% quarter-on-quarter. The increase led Germany to revise its economic forecast for the year to a 5.5% contraction, instead of the 5.8% it had expected earlier. Consumer prices continued to fall in October, as expected, Eurostat estimated, pulled down by plunging energy costs despite more expensive food, alcohol and tobacco. Consumer prices in October were 0.3% lower year-on-year, as expected by economists polled by Reuters, the same rate as in September, after a 0.2% month-on-month increase, vindicating the European Central Bank’s plans for further monetary support for the economy in December. Energy prices plunged 8.4% year-on-year, offsetting a 4.3% rise in unprocessed food prices. Amid the economic rebound, euro zone unemployment was flat in September from August at 8.3% of the workforce, as expected, despite edging higher in absolute numbers by 75,000 people. (Reuters) [ TH E RE M A ININ G OF T H IS P A GE IS IN TE N TI O NA L L Y L E F T BL AN K] Page 10 of 11
13. 2-Nov-20 N e w s I n B r i e f Share Buy-Back Share Buy-Back : 30 October 2020 Company BAUTO BJCORP BKAWAN BONIA COASTAL COCOLND FIMACOR GKENT GLOMAC HAIO IBHD KFIMA MELATI MITRA OSK PANTECH PTRANS RANHILL SEM SERBADK TNLOGIS UNIMECH WTK YINSON Bought Back Price (RM) Hi/Lo (RM) 100,000 23,000,000 13,000 37,300 100,000 34,300 5,000 250,000 1.14/1.13 0.19/0.185 15.12/15.08 0.53 0.59/0.575 1.70 1.46 0.67/0.655 1.16/1.13 0.19/0.18 15.30/15.08 0.355/0.35 0.59/0.575 1.72/1.70 1.48 0.685/0.66 50,000 0.30 0.30/0.295 16,500 2.04/1.97 2.04/1.97 6,895,100 0.17 0.175/0.17 20,000 1.44/1.43 1.45/1.43 70,000 0.40/0.385 0.40/0.38 1,096,100 0.20 0.20/0.195 2,581,200 0.75/0.745 0.755/0.745 259,400 0.35/0.345 0.36/0.345 250,000 0.25/0.245 0.26/0.245 325,000 0.85/0.825 0.85/0.82 1,284,000 1.36/1.35 1.37/1.34 1,233,800 1.55/1.51 1.57/1.49 1,000 0.51 0.54/0.485 8,000 1.25/1.24 1.25/1.23 550,000 0.415/0.41 0.425/0.395 61,000 4.69/4.57 4.70/4.57 Total Treasury Shares 1,919,200 192,924,527 1,856,100 10,888,400 10,879,900 740,300 6,828,700 36,657,900 30,929,000 10,436,388 6,895,100 3,180,800 2,204,600 6,047,849 32,787,053 3,836,993 29,500,000 1,579,926 98,015,700 20,012,800 13,775,295 9,945,710 8,026,900 33,744,700 Source: Bursa Malaysia [ TH E RE M A ININ G OF T H IS P A GE IS IN TE N TI O NA L L Y L E F T BL AN K] 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 11 of 11
14. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company Share Price Target Price (RM) (RM) % upside Recom Market Cap. (RMm) Beta EPS (sen) FY20 PER (X) Div Yield (%) FY21 FY20 FY21 FY20 52weeks 52weeks % Chg FY21 High Price % Chg Low Price % Chg YTD 30-Oct-20 AUTOMOBILE BAUTO 1.16 1.53 31.9% Buy 1,348 1.18 8.7 8.8 13.4 13.2 6.4 4.9 2.28 -49.1 0.94 24.1 -44.8 MBMR 2.64 3.62 37.1% Buy 1,032 1.17 35.1 40.3 7.5 6.6 6.8 7.6 4.13 -36.1 2.50 5.6 -31.6 PECCA 1.45 0.89 -38.6% Sell 250 0.88 4.7 8.1 30.8 17.8 3.2 3.4 1.61 -9.9 0.68 114.8 33.0 SIME 2.41 2.43 0.8% Sell 16,391 0.90 15.0 15.0 16.1 16.0 4.1 4.4 2.58 -6.6 1.55 55.1 9.0 UMW 2.20 1.85 -15.9% Sell 2,570 1.82 15.5 26.9 14.2 8.2 1.8 1.8 4.70 -53.2 1.65 33.3 -51.0 BANKS & FINANCIAL SERVICES ABMB 2.18 2.10 -3.7% Sell 3,375 1.10 27.4 22.0 8.0 9.9 2.8 3.7 2.96 -26.4 1.48 47.3 -17.1 AFFIN 1.37 1.80 31.4% Buy 2,849 0.99 19.0 23.2 7.2 5.9 2.2 3.6 2.03 -32.5 1.25 9.6 -27.9 AMBANK 2.85 3.20 12.3% Buy 8,577 0.97 44.5 36.0 6.4 7.9 4.7 4.2 4.20 -32.1 2.82 1.1 -27.1 CIMB 2.95 3.20 8.5% Hold 29,273 1.02 15.8 29.0 18.7 10.2 2.7 5.1 5.40 -45.4 2.95 0.0 -42.7 HLBANK 14.80 15.00 1.4% Sell 32,082 1.10 115.1 114.5 12.9 12.9 2.4 2.7 17.76 -16.7 11.70 26.5 -14.5 MAYBANK 7.00 7.70 10.0% Hold 78,690 0.82 51.9 57.3 13.5 12.2 5.7 6.4 8.86 -21.0 7.00 0.0 -19.0 PBBANK 15.08 17.20 14.1% Hold 58,543 1.24 120.7 125.8 12.5 12.0 3.6 3.8 20.28 -25.6 12.58 19.9 -22.4 RHBBANK 4.23 5.40 27.7% Buy 16,962 0.98 46.4 57.2 9.1 7.4 4.3 5.2 5.98 -29.3 4.20 0.7 -26.8 BURSA 8.06 8.30 3.0% Sell 6,521 1.23 42.1 26.9 19.1 30.0 4.6 3.0 10.98 -26.6 4.32 86.6 32.3 ANNJOO 0.62 0.42 -32.3% Sell 335 1.63 -16.5 2.1 na 29.5 0.0 1.5 1.40 -55.7 0.42 49.4 -49.2 CHINHIN 1.37 0.40 -70.8% Sell 756 0.45 0.3 3.9 515.0 34.8 1.1 1.1 1.43 -4.2 0.40 242.5 90.3 CHINWEL 0.95 0.90 -5.3% Sell 275 1.17 7.4 13.9 12.8 6.8 1.6 5.8 1.66 -42.8 0.68 39.7 -31.2 BUILDING MATERIALS CMSB 1.08 1.76 63.0% Buy 1,158 1.44 9.1 16.3 11.9 6.6 1.8 2.3 2.50 -56.8 0.83 30.1 -52.4 CSCSTEL 0.82 0.90 10.4% Hold 301 1.30 5.2 9.1 15.6 9.0 3.1 5.4 1.19 -31.5 0.54 50.9 -23.1 ENGTEX 0.45 0.47 5.6% Sell 194 0.45 0.5 2.2 97.2 20.5 1.0 1.2 0.87 -48.6 0.45 0.0 -40.7 GADANG 0.37 0.29 -21.6% Sell 269 1.84 5.8 4.0 6.4 9.3 2.7 2.7 0.77 -51.9 0.23 64.4 -46.8 GAMUDA 3.33 3.50 5.1% Sell 8,370 1.27 20.7 26.7 16.1 12.5 1.8 3.6 4.30 -22.6 2.36 41.1 -14.6 GDB 0.62 0.95 54.5% Buy 384 1.19 4.3 7.9 14.5 7.8 3.3 3.3 0.80 -22.6 0.33 86.4 0.0 IJM 1.34 1.48 10.4% Sell 4,853 1.29 6.9 2.3 19.4 58.2 2.2 3.0 2.33 -42.5 1.15 16.5 -38.2 INTA 0.29 0.53 86.0% Buy 153 1.28 1.4 4.8 20.3 5.9 0.9 2.6 0.40 -28.8 0.15 90.0 5.6 KAB 0.93 0.19 -79.6% Sell 861 0.76 0.9 1.2 101.3 78.5 0.8 0.4 1.22 -23.8 0.24 291.9 141.7 CONSTRUCTION PESONA 0.24 0.24 -2.1% Sell 167 1.00 0.3 2.4 85.3 9.9 0.0 4.2 0.30 -20.0 0.13 84.6 9.1 SUNCON 1.81 1.84 1.7% Sell 2,334 0.88 6.6 10.2 27.6 17.7 2.5 3.9 2.10 -13.8 1.25 44.8 -5.2 WCT 0.37 0.34 -8.2% Sell 515 1.83 -1.3 1.7 na 22.0 0.0 0.0 0.92 -60.4 0.24 50.5 -57.6 LITRAK 3.90 4.84 24.1% Buy 2,078 0.65 49.2 45.7 7.9 8.5 6.4 7.7 4.95 -21.2 3.30 18.2 -15.0 CARLSBG 18.46 24.50 32.7% Buy 5,644 1.19 65.2 89.8 28.3 20.6 3.2 4.9 39.17 -52.9 17.34 6.5 -37.1 HEIM 17.98 26.00 44.6% Buy 5,432 0.92 68.9 96.9 26.1 18.6 3.6 5.2 31.74 -43.4 17.30 3.9 -33.7 AEON 0.69 1.25 81.2% Buy 969 0.99 6.6 8.9 10.5 7.8 5.8 5.8 1.66 -58.4 0.69 0.7 -51.4 AMWAY 4.91 6.00 22.2% Buy 807 0.62 28.3 31.7 17.4 15.5 5.6 5.6 6.00 -18.2 4.50 9.1 -12.8 F&N 31.60 42.00 32.9% Buy 11,590 0.60 120.8 132.4 26.2 23.9 2.1 2.2 35.68 -11.4 24.12 31.0 -9.3 FOCUSP 0.58 0.76 32.2% Buy 126 0.67 3.6 5.1 15.8 11.3 2.8 4.0 0.77 -25.3 0.29 98.3 55.4 CONSUMER Brewery Retail HUPSENG 0.92 1.00 9.3% Hold 732 0.58 5.1 5.7 18.0 16.0 6.6 6.6 1.08 -15.3 0.75 22.8 1.7 JOHOTIN 1.58 2.10 32.9% Buy 486 1.23 13.2 17.1 12.0 9.3 3.8 4.4 1.90 -16.8 0.98 61.2 -8.7 -24.4 LHI 0.67 0.91 36.8% Buy 2,427 na 3.6 5.1 18.5 13.1 1.6 2.3 0.99 -32.8 0.43 54.7 NESTLE 139.40 143.00 2.6% Sell 32,689 0.49 247.0 290.3 56.4 48.0 1.8 2.0 149.90 -7.0 120.00 16.2 -5.2 PADINI 2.08 2.90 39.4% Buy 1,368 0.96 13.0 18.5 16.0 11.2 3.6 4.3 3.67 -43.3 1.78 16.9 -35.8 POHUAT 1.77 1.77 0.0% Buy 469 1.19 15.5 18.5 11.5 9.6 4.0 4.0 1.91 -7.3 0.69 156.5 16.4 QL 6.30 7.00 11.1% Hold 15,332 0.69 9.8 11.0 64.1 57.1 0.5 0.5 7.20 -12.5 4.33 45.4 16.2 SCIENTX 11.88 11.80 -0.7% Buy 6,140 0.76 74.4 84.7 16.0 14.0 1.9 2.3 12.90 -7.9 5.96 99.3 25.7 Note: SCIENTX proposed 2 for 1 bonus issue shares and 1 for 5 free warrants. For more detail please refer to 21-Sept-20 report. SIGN 0.31 0.60 96.7% Buy 75 1.64 0.0 3.4 na 8.9 5.9 5.9 0.50 -38.4 0.16 96.8 -32.2 10.10 12.50 23.8% Buy 2,884 0.79 92.0 97.7 11.0 10.3 8.9 9.4 18.70 -46.0 9.26 9.1 -33.0 GENTING 2.96 4.89 65.2% Buy 11,398 1.28 -9.6 21.6 na 13.7 2.2 6.1 6.12 -51.6 2.91 1.7 -50.0 GENM 2.00 3.04 52.0% Buy 11,306 1.04 -13.7 12.1 na 16.6 3.0 4.0 3.26 -38.7 1.83 9.3 -37.0 1.89 2.40 27.0% Buy 2,539 0.71 10.1 17.1 18.7 11.1 5.5 8.5 2.65 -28.8 1.89 0.0 -26.0 164.1 Tobacco BAT GAMING Casino NFO BJTOTO HEALTHCARE Hospitals/ Pharmaceutical DPHARMA 3.75 1.97 -47.5% Sell 2,648 0.70 8.4 9.4 44.6 39.9 1.5 1.6 4.32 -13.2 1.05 257.1 IHH 4.97 6.00 20.7% Hold 43,623 0.73 6.2 10.8 80.7 45.9 0.4 0.7 5.94 -16.3 4.55 9.2 -9.1 KPJ 0.85 0.95 11.8% Buy 3,638 0.77 2.8 4.3 30.0 19.9 1.3 2.0 1.04 -18.3 0.72 18.1 -10.1 HARTA 18.00 25.97 44.3% Buy 61,697 1.23 12.7 81.7 142.3 22.0 0.4 2.7 21.16 -14.9 5.08 254.3 228.5 KOSSAN 7.50 10.30 37.3% Buy 19,184 1.07 45.4 64.4 16.5 11.6 2.4 3.4 9.75 -23.1 2.00 275.0 260.6 SUPERMX 9.47 12.33 30.2% Buy 24,326 1.88 20.5 147.9 46.3 6.4 0.0 5.9 12.22 -22.5 0.65 1368.2 1262.6 TOPGLOV 8.57 10.80 26.0% Buy 69,793 1.25 22.9 125.3 37.4 6.8 1.4 8.1 9.77 -12.3 1.44 493.8 447.0 0.30 0.24 -20.0% Sell 226 1.28 3.1 6.1 9.8 4.9 4.1 8.2 0.63 -52.0 0.20 50.0 -46.9 ASTRO 0.73 1.07 46.6% Buy 3,807 1.03 12.6 9.8 5.8 7.5 10.3 6.8 1.48 -50.7 0.71 3.5 -42.5 MEDIA PRIMA 0.15 0.17 17.2% Sell 161 1.11 -3.9 -1.7 na na 0.0 0.0 0.37 -60.3 0.11 31.8 -48.2 STAR 0.31 0.26 -16.1% Sell 225 1.16 -4.1 -1.3 na na 0.0 0.0 0.54 -42.1 0.23 37.8 -36.1 Rubber Gloves INSURANCE TUNEPRO MEDIA
15. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company Share Price Target Price (RM) (RM) LCTITAN 2.08 MHB 0.31 MISC 6.59 PANTECH 0.35 Market Cap. % upside Recom 2.29 10.1% Hold 4,728 0.28 -8.2% Sell 488 9.00 36.6% Buy 29,416 0.29 -17.1% Sell 262 (RMm) Beta EPS (sen) PER (X) FY21 Div Yield (%) FY20 52weeks 52weeks % Chg FY20 FY21 FY20 FY21 High Price % Chg Low Price % Chg YTD 1.34 3.4 10.7 61.5 19.4 0.0 0.5 2.71 -23.2 0.98 113.3 -13.7 1.71 -10.4 0.6 na 53.4 0.0 0.0 0.97 -68.6 0.26 19.6 -64.9 0.68 58.8 49.9 11.2 13.2 4.6 4.6 9.37 -29.7 6.38 3.3 -20.8 1.29 4.8 1.6 7.3 21.3 5.4 1.4 0.52 -32.0 0.25 41.4 -28.6 -20.4 OIL & GAS PCHEM 5.85 5.10 -12.8% Sell 46,800 1.57 14.4 31.3 40.5 18.7 1.2 2.4 7.80 -25.0 4.00 46.3 SERBADK 1.53 2.10 37.3% Buy 5,159 1.50 16.5 18.8 9.3 8.1 2.6 3.3 2.52 -39.3 1.02 50.0 -30.5 UZMA 0.39 0.58 50.6% Sell 13,556 1.67 0.0 3.3 na 11.5 0.0 0.0 1.09 -64.7 0.31 24.2 -60.1 VELESTO 0.12 0.14 21.7% Sell 945 1.93 -0.4 -0.2 na na 0.0 0.0 0.41 -72.0 0.09 27.8 -69.7 FGV 1.06 1.12 5.7% Sell 3,867 1.44 -0.4 2.3 na 46.6 0.0 0.9 1.59 -33.3 0.72 48.3 -30.3 IJMPLNT 1.64 1.68 2.4% Sell 1,444 1.38 4.0 6.5 41.5 25.4 1.8 2.4 2.48 -33.9 1.01 62.4 -30.5 IOICORP 4.30 4.02 -6.5% Sell 26,945 0.97 12.6 15.5 34.0 27.8 1.9 2.9 4.82 -10.8 3.41 26.1 -6.7 KLK 21.22 24.01 13.1% Hold 22,885 0.98 72.3 97.1 29.3 21.8 2.0 2.3 25.40 -16.5 17.40 22.0 -14.4 PLANTATIONS SIMEPLT 4.84 5.59 15.5% Buy 33,321 0.91 9.3 19.7 52.0 24.6 1.7 2.7 5.63 -14.0 3.82 26.7 -11.2 TSH 0.94 1.31 40.1% Buy 1,290 1.54 4.9 6.0 19.3 15.7 2.1 2.1 1.59 -41.2 0.56 67.0 -39.3 UMCCA 4.75 4.83 1.7% Sell 996 0.71 -11.9 11.8 na 40.3 1.7 1.7 5.45 -12.8 4.00 18.8 -11.2 GLOMAC 0.30 0.36 20.0% Buy 231 0.62 3.2 2.5 9.3 11.9 3.3 3.3 0.38 -21.1 0.24 25.0 -17.8 HUAYANG 0.22 0.27 25.6% Buy 76 1.08 -20.6 -2.2 na na 0.0 0.0 0.41 -46.9 0.15 48.3 -40.3 IBRACO 0.51 0.58 14.9% Sell 251 0.72 5.9 8.8 8.5 5.7 1.5 3.0 0.72 -29.9 0.23 119.6 -27.3 IOIPG 0.86 1.06 23.3% Buy 4,735 0.83 11.2 9.9 7.7 8.7 1.7 3.5 1.28 -32.8 0.83 4.2 -30.6 MAHSING 0.91 0.96 5.5% Buy 2,209 1.46 2.4 7.2 38.0 12.6 1.4 3.3 1.47 -38.1 0.31 198.4 29.1 SIMEPROP 0.54 0.65 20.4% Sell 3,672 1.28 1.1 4.3 47.2 12.7 0.9 2.8 0.94 -42.6 0.48 13.7 -41.0 SPSETIA 0.69 1.06 53.6% Buy 2,799 1.55 4.3 10.1 16.1 6.8 0.7 3.6 1.63 -57.7 0.55 25.5 -56.9 SUNWAY 1.34 1.58 17.9% Buy 6,551 0.86 7.1 10.5 19.0 12.7 3.4 5.6 1.87 -28.3 1.25 7.2 -25.6 PROPERTY Note: SUNWAY proposed 1 for 5 rights issue ICPS, at an issue price of RM1.00 per rights share. For more detail please refer to 28-May-20 report. REIT CMMT 0.62 0.68 10.6% Hold 1,268 0.58 2.7 4.6 22.7 13.5 4.7 7.5 1.10 -44.1 0.62 0.0 -38.5 SUNREIT 1.43 1.61 12.6% Hold 4,897 0.56 7.8 8.1 18.4 17.7 5.1 5.2 1.92 -25.5 1.40 2.1 -21.4 POWER & UTILITIES MALAKOF 0.93 1.11 20.0% Buy 4,520 0.84 7.5 7.7 12.3 12.1 7.2 7.4 1.02 -9.3 0.65 43.4 6.3 PETDAG 17.24 17.20 -0.2% Sell 17,127 0.70 29.4 74.6 58.7 23.1 1.5 3.4 26.41 -34.7 17.08 0.9 -24.8 PETGAS 15.74 18.80 19.4% Buy 31,145 0.75 97.1 97.2 16.2 16.2 7.5 4.3 18.45 -14.7 12.97 21.3 -1.9 TENAGA 9.54 11.40 19.5% Hold 54,422 0.92 75.6 85.8 12.6 11.1 4.3 4.9 13.43 -28.9 9.50 0.4 -25.0 YTLPOWR 0.64 0.62 -3.1% Sell 5,219 1.01 0.9 2.4 70.3 26.4 0.0 0.0 0.80 -19.5 0.45 41.7 -11.7 TELECOMMUNICATIONS AXIATA 2.93 4.40 50.2% Buy 26,867 0.91 6.3 10.3 46.6 28.4 1.8 3.0 4.75 -38.4 2.66 10.2 -29.1 DIGI 3.77 4.40 16.7% Buy 29,312 0.78 16.7 17.9 22.5 21.0 4.2 4.5 4.74 -20.5 3.74 0.8 -15.5 MAXIS 4.80 5.20 8.3% Hold 37,551 0.71 18.9 21.4 25.4 22.4 3.8 4.2 5.70 -15.8 4.59 4.6 -9.8 TM 4.19 4.35 3.8% Hold 15,812 0.88 25.8 27.6 16.2 15.2 3.1 3.3 4.58 -8.5 3.09 35.6 9.7 ELSOFT 0.60 0.70 16.7% Buy 403 1.36 2.4 4.1 24.8 14.5 3.0 5.2 0.98 -38.8 0.39 55.8 -27.7 INARI 2.54 2.40 -5.5% Hold 8,328 1.18 4.7 7.0 54.2 36.3 1.7 2.3 2.70 -5.9 0.90 182.2 49.4 MPI 22.00 20.90 -5.0% Hold 4,376 0.70 76.9 93.5 28.6 23.5 1.2 1.3 23.74 -7.3 7.39 197.7 92.3 N2N 0.69 1.15 66.7% Buy 412 1.53 3.6 4.1 19.0 16.8 4.3 4.3 1.00 -30.7 0.34 101.0 -1.6 SKPRES 1.76 2.30 30.7% Buy 1,688 1.15 6.1 9.6 29.1 18.3 1.7 2.7 1.94 -9.3 0.66 166.7 29.4 UNISEM 5.10 6.88 34.9% Buy 3,708 0.81 17.4 27.8 29.3 18.4 1.8 2.7 5.38 -5.2 1.53 233.3 136.1 TECHNOLOGY Semiconductor & Electronics TRANSPORTATION Airlines AIRASIA 0.55 0.70 27.3% Under Review 1,838 1.62 -60.7 8.8 na 6.3 0.0 0.0 1.95 -71.8 0.50 10.0 -67.6 AIRPORT 4.18 7.05 68.7% Buy 6,935 1.03 -28.4 10.9 na 38.4 0.0 2.4 8.57 -51.2 3.92 6.6 -45.0 Freight & Tankers PTRANS 0.25 0.35 42.9% Buy 467 1.03 2.1 2.6 11.6 9.5 4.1 4.2 0.33 -25.1 0.12 97.8 5.2 TNLOGIS 0.50 0.55 11.1% Buy 221 0.73 -0.1 0.7 na 72.5 0.0 0.0 0.57 -12.4 0.26 90.4 -2.0 WPRTS 3.90 3.82 -2.1% Sell 13,299 0.53 15.5 15.3 25.2 25.5 2.4 2.9 4.54 -14.1 2.97 31.3 -7.4 SNAPSHOT OF FOREIGN STOCKS UNDER COVERAGE Company Share Price Target Price (S$) (S$) % upside Recom Market Cap. (S$m) Beta EPS (cent) FY20 FY21 PER (X) FY20 FY21 Div Yield (%) FY20 52week 52week % Chg FY21 High Price % Chg Low Price % Chg YTD BANKS & FINANCIAL SERVICES DBS 20.35 23.30 14.5% Buy 51,716 1.16 187.8 193.9 10.8 10.5 3.7 4.9 26.80 -24.1 16.65 22.2 -21.4 OCBC 8.42 8.90 5.7% Sell 37,660 1.02 79.4 86.4 10.6 9.7 3.8 4.3 11.23 -25.0 7.80 7.9 -23.3 UOB 18.99 23.50 23.7% Buy 31,767 1.11 188.3 200.8 10.1 9.5 4.2 5.3 26.77 -29.1 17.12 10.9 -27.4 4.04 5.82 44.1% Buy 25,850 0.89 22.6 23.5 20.6 20.6 5.0 3.5 4.95 -18.4 2.83 42.8 -1.9 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.
16. Technical View Monday , November 02, 2020 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Outlook FBM KLCI: 1,466.89 (-27.75, -1.86%) Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Global Growth, US Election & Budget Worries to Drag Sentiment The local blue-chip benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) sank to close at a fresh five-month low last Friday, pressured by foreign selling which accelerated ahead of the weekend, as banks led losses in anticipation of an interest rate cut this week. Uncertainty over the domestic political situation following the Agong’s revocation of a state of emergency request by the PM, and profit-taking in key rubber glove stocks despite them reporting strong record earnings also contributed to the decline. For the week, the FBM KLCI slumped 27.75 points, or 1.86 percent to 1,466.89, as losses on Nestle (-RM1.90), Public Bank (-76sen), Tenaga Nasional (-45sen) and DiGi.com (-21sen) overshadowed gains in Hartalega (+68sen) and Axiata (+15sen). Average daily traded volume and value last week deteriorated to 5.27 billion shares worth RM4.04 billion, compared to the 8.53 billion shares and RM5.2 billion average the previous week, as trading momentum in small caps, ACE Market and penny stocks generally reduced given the increased market uncertainties which discouraged investor participation. Bursa Malaysia shares closed off lows on late bargain hunting interest Monday, but market undertone remained cautious on lingering uncertainty over the domestic political situation following the Agong’s revocation of a state of emergency request by the PM. The FBM KLCI ended flat at 1,494.61 after falling from early high of 1,497.54 to low of 1,482.15, as losers swarmed gainers 790 to 256 on total turnover of 5.8bn shares worth RM4.7bn. The local market staged a cautious recovery on Tuesday, as the domestic political situation remained status quo while rubber glove stocks led gains on strong demand and earnings outlook. The FBM KLCI gained 5.74 points to settle at 1,500.35, off an early low of 1,489.98 and high of 1,504.55, as gainers led losers 620 to 375 on slower turnover of 4.7bn shares worth RM4.1bn. Stocks ended lower on Wednesday ahead of the Prophet Muhammad’s Birthday holiday, with key rubber glove stocks falling on profit-taking despite reporting strong record earnings. The FBM KLCI slipped 5.15 points to close at 1,495.20, off an opening high of 1,505.64 and low of 1,492.11, as losers bashed gainers 737 to 291 on cautious trade totaling 4.66bn shares worth RM3.44bn. Foreign selling accelerated ahead of the weekend, with banks leading losses in anticipation of an interest rate cut next week, global growth worries amid the exponential surge in COVID19 cases in the US and Europe, and uncertainty ahead of the closely watched US presidential elections. The index tumbled 28.31 points, or 1.9 percent, to close Friday at 1,466.89, as losers swamped gainers 1,033 to 203 on higher turnover of 5.9bn shares worth RM3.9bn. Trading range for the blue-chip benchmark index last week expanded again to 44.6 points, compared to the 36.1-point range the previous week, as the index was forced down to a fresh five-month low. For the week, the FBM-EMAS Index shed 213.65 points, or 1.97 percent to 10,613.58, while the FBM-Small Cap Index slumped 517.02 points, or 3.85 percent to 12,896.64. Page 1 of 3
17. 2-Nov-20 Following last week ’s slump, the daily and weekly slow stochastics on the FBM KLCI sank deeper into oversold territory. The same goes for the 14-day and 14-week Relative Strength Index (RSI) indicators, which retreated further to reinforce bearish momentum. Chart 1 As for trend indicators, the daily Moving Average Convergence Divergence (MACD) signal line expanded negatively after issuing a sell the previous week, while the weekly MACD indicator’s signal line dipped below the mid-point to register renewed bearishness. On the 14-day Directional Movement Index (DMI) trend indicator, the +DI and -DI lines further expanded bearishly, while the ADX line is edging upwards to suggest an emerging downtrend. Chart 2 Page 2 of 3
18. 2-Nov-20 Conclusion Following last Friday ’s selloff to a fresh five-month low, technical trend indicators for the FBM KLCI turned decisively bearish, which could accelerate losses despite momentum indicators registering more oversold conditions. Hence, any oversold rebound attempts this week may prove fleeting, moreover given slumping oil prices amid surging COVID-19 cases worldwide dampening the global growth outlook, ambiguity over the US presidential elections outcome, concerns over an interest rate cut pressuring banking shares and domestic political uncertainties ahead of the keenly awaited Budget 2021 tabling this Friday. Crucial index support will be the 38.2%FR of the 1,207 to 1,618 upswing at 1,461, matching last Friday’s low, and then 1,450, with next significant retracement support seen only from the 50%FR at 1,412. Immediate upside hurdles are downgraded to the 10-day and 30-day moving averages at 1,497 and 1,505, respectively, with next hurdles from the 50-day and 100-day moving averages at 1,516 and 1,537. Stocks wise, defensive healthcare, plantation and telco stocks such as IHH Healthcare, IOI Corp, Axiata and DiGi.com should continue to attract bargain hunters on further weakness ahead of eventual recovery ahead. Meanwhile, top banking stocks like AMBank, CIMB, Maybank and RHB Bank will look increasingly attractive to bargain hunt on further dip as aggravated oversold momentum should spark strong technical rebound gains. 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 o, 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
19. SECTOR UPDATE Monday , November 02, 2020 FBMKLCI: 1,466.89 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Banking Sector Neutral Loan Growth up 4.4% YoY in September (Maintained) Li Hsia Wong Tel: +603-2167 9610 liwong@ta.com.my www.taonline.com.my Stable loan growth in September Loan growth climbed by another 0.5% MoM. Compared to a year ago, total loans and advances rose by 4.4% YoY (August 2020: +4.4% YoY). YTD, loans and advances grew 3.0% higher vs. 2.4% a year ago. In September, consumer loans rose at a stronger pace of 5.6% YoY (+0.8% MoM). Accounting for some 60% of total consumer loans, the segment continued to be supported by Residential Mortgages, which rose by 7.6% YoY (+0.6% MoM). This was followed by drawdowns for Personal Use (+6.9% YoY, +1.2% MoM). In the meantime, the yearly drawdowns for the Purchase of Securities and Credit Cards contracted by 0.2% YoY (+0.7% MoM) and 9.1% YoY (-0.7% MoM). Loans for the Purchase of Passenger Cars remained in positive momentum for the third straight month to rise by 4.2% YoY (+1.7% MoM). Business loans softened Total business loans rose 2.9% YoY vs. an increase of 3.3% YoY in the previous month. By subsegment, yearly demand for Working Capital grew by 2.5% YoY (+0.2% MoM). By sector, the yearly demand for Construction declined by 1.6% YoY (+0.9% MoM). Meanwhile, demand for loans in Mining and Quarrying widened by 10.1% YoY (+6.9% MoM) while Education, Health and others surged by 34.2% YoY (+1.0% MoM) in September. Loans drawn down in the Transport, Storage and Communications segment remained healthy, broadening 1.8% YoY (-1.7% MoM). Other yearly drivers for business loans include Wholesale and Retail Trade (+5.2% YoY) and Manufacturing (+4.9% YoY). Meanwhile, advances to the Finance, Insurance and Business Activities segment accelerated by 4.0% YoY (+0.4% MoM). Capital market activities also remained soft YoY. YTD, net funds raised by the private sector via issue of new shares and new issue of debt securities stood at RM20.9bn vs. RM47.5bn a year ago. Stronger loan applications and approvals in September YoY loan applications rose by 15.7% YoY and 12.6% MoM. In September, application for consumer loans surged by some 45.2% YoY (+12.9% MoM) while business loans fell 16.4% YoY (+12.1% MoM). Leading the increase, by segment, application to buy Residential Mortgages and HP accelerated by 50.7% YoY (+12.4% MoM) and 84.0% YoY (+5.7% MoM). Meanwhile, application for Personal Uses and Credit Cards also reversed six months of consecutive yearly declines, to rise by 18.6% YoY (+20.4% MoM) and +3.6% YoY (+9.9% MoM). Total loans approved rose 3.7% YoY (+13.7% MoM) after six months of consecutive yearly declines. Stronger approvals were mostly driven by the consumer segment (+19.4% YoY, +9.3% MoM) while the approval for business loans fell again by 13.5% YoY (+21.1% MoM). Overall approval rate stood at 43.7% (September 2019: 48.8%), underpinned by business and consumer approval rates of 50.5% (September 2019: 48.8%) and 40.1% (September 2019: 48.7%) respectively. By major sub-segments, approval for the purchase of Residential Properties and Non-Residential Properties stood at 34.9% and 34.1% vs. 43.6% and 40.0% in September 2019 while the approval for HP loans stood at 57.5% vs. 63.3% a year ago. Stable asset quality amid freeze in loan repayments Total impaired loans in the system declined by 10.4% YoY (-0.9% MoM), as staging of loans are frozen under the automatic loan moratorium period up to September. By segment, consumer and business impaired loans were 19.1% and 5.3% lower YoY. The ratio of net impaired loan to net total loan for the system stood at 0.85% vs. 1.01% a year ago. Yearly repayments fell 0.2% YoY (+12.4% MoM). Sequentially, the gross impaired loans (GIL) ratio for consumer and business Page 1 of 3
20. 2-Nov-20 loans little changed at 0 .8% and 2.1% respectively. By segment, the GIL ratios for HP and Residential Loans improved by 10 bps to 0.3% and 0.9% while the GIL ratio for Credit Cards worsened by 10 bps to 0.9%. The GIL ratio for Personal Use and Non-Residential loans however, was stable at 1.4% and 1.3%. Elsewhere, GIL ratios for major business segments such as Manufacturing and Construction deteriorated slightly to 3.3% and 2.6% while the GIL ratios for Wholesale and Retail Trade was unchanged at 1.6%. The GIL ratio for loans taken for Working Capital was also unchanged at 2.1%. Stronger CASA deposits, average lending rates stable MoM Total deposits (excl. Repo) advanced 4.7% YoY (+0.6% MoM) while CASA balances in commercial banks jumped 19.7% YoY (+1.0% MoM), on the back of reduced discretionary spending and higher saving balances from borrowers who have opted in for moratorium on their mortgage and HP loan payments, which would end in September. The CASA ratio widened to 30.1% from 26.3% a year ago. The system’s liquidity coverage ratio (LCR) ratio stood at 152% (September 2019: 144%) while the loan to fund ratio stood at 81.9% (September 2019: 82.9%). Elsewhere, the average lending rate stayed pat at 3.64% on a MoM basis. Meanwhile, the banking system’s capital buffers remained ample with CET1 and Total Capital Ratio of 14.6% and 18.4% above regulatory requirements. 2020 loan growth assumption raised to around 3.8% We raise our loan growth forecast to 3.8% from 2.5% for 2020, underpinned by a 5.0% and 2.2% increase in consumer and business loans, respectively. We reiterate our NEUTRAL recommendation on the sector, as: 1) the momentum in the domestic economic activities gradually pick up post the lockdown, 2) concerted stimulus measures by governments globally to protect businesses and individuals from economic disruptions caused by the COVID-19 pandemic, and 3) potential reopening of borders as promising study results from trials give hope for a vaccine breakthrough. Despite uncertainties in terms of the credit outlook especially post the moratorium, we believe that: 1) with the central bank proactively monitoring developments closely and ensuring liquidity in the system by relaxing capital and liquidity buffers to support lending activities, 2) financial institutions intensifying efforts to identify customers and extending targeted assistance to those in need, and 3) conducive interest rate environment, should help keep systemic asset quality risk from spiralling out of control. However, we also note potential downside risk to our outlook, which include a resurgence in the COVID-19 cases and the impact from the ongoing CMCO, as well as concerns over the broader impact from a potential cliff effect and ongoing domestic political debacle. We maintain our BUY recommendation on RHB Bank, AMMB and Affin Bank. HOLD CIMB and SELL reiterated on Hong Leong and Alliance Bank. Meanwhile, we upgrade Public Bank and Maybank from hold to BUY on the back of the recent decrease in share price, thus widening the potential upside to >12%. [ TH E RE M A ININ G OF T H IS P A GE IS IN TE N TI O NA L L Y L E F T BL AN K] Page 2 of 3
21. 2-Nov-20 Comparative Valuation Maybank Public Bank CIMB Hong Leong Bank RHB Bank AMMB Alliance Bank Affin Bank Simple average Maybank Public Bank CIMB Hong Leong Bank RHB Bank AMMB Alliance Bank Affin Bank Simple average Price RM 7 .00 15.08 2.95 14.80 4.23 2.85 2.18 1.37 FY20e x 1.0 1.3 0.5 1.1 0.7 0.5 0.6 0.3 0.7 TP RM 7.70 17.20 3.20 15.00 5.40 3.20 2.10 1.80 P/BV FY21e x 0.9 1.2 0.5 1.1 0.7 0.4 0.6 0.3 0.7 Total upside % 15.7 16.7 11.2 3.8 31.9 16.9 (0.9) 33.6 FY22e x 0.9 1.1 0.5 1.0 0.7 0.4 0.6 0.3 0.7 BUY BUY HOLD SELL BUY BUY SELL BUY FY20e % 7.1 10.4 2.8 9.5 7.0 7.4 7.3 4.3 7.0 Mkt cap RM mn 78,689.8 58,542.1 29,272.9 32,082.0 16,962.3 8,577.1 3,374.9 2,720.8 ROE FY21e % 7.8 10.3 5.1 9.0 8.2 5.7 5.8 5.2 7.1 FY22e % 9.0 10.5 7.1 9.2 8.6 6.5 8.5 5.4 8.1 CY20e % (28.8) (15.0) (68.8) (3.5) (25.1) (17.0) (20.1) (19.1) (29.8) Profit growth CY21e % 10.4 4.2 83.8 2.9 23.4 7.5 24.7 22.1 15.7 FY20e % 0.7 1.1 0.3 1.2 0.7 0.8 0.7 0.6 0.8 ROA FY21e % 0.8 1.1 0.5 1.1 0.9 0.6 0.6 0.7 0.8 CY22e % 16.7 8.6 39.9 9.4 11.6 17.6 18.5 9.2 16.5 FY22e % 0.8 1.2 0.7 1.1 0.9 0.7 0.8 0.7 0.9 CY20e x 13.5 12.5 18.7 12.9 9.1 7.5 9.3 6.9 12.0 FY20e % 5.7 2.7 2.7 2.4 4.3 4.7 2.8 2.2 3.2 PER CY21e x 12.2 12.0 10.2 12.5 7.4 7.0 7.5 5.6 9.8 CY22e x 10.5 11.0 7.3 11.4 6.6 5.9 6.3 5.2 8.5 Dividend yield FY21e FY22e % % 6.4 7.1 3.0 3.3 5.1 6.8 2.7 3.0 5.2 5.9 4.2 5.3 3.7 4.6 3.6 5.1 4.0 4.8 Sector Recommendation Guideline OVERWEIGHT: The industry, as per our coverage universe, is expected to outperform the FBMKLCI over the next 12 months. NEUTRAL: The industry, as per our coverage universe, is expected to perform in line with the FBMKLCI over the next 12 months. UNDERWEIGHT: The industry, as per our coverage universe, is expected to underperform the FBMKLCI over the next 12 months. 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, November 02, 2020, the analyst, Wong Li Hsia, 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
22. SECTOR UPDATE Monday , November 02, 2020 FBMKLCI: 1,466.89 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Semiconductor Sector Neutral 9M20’s Global Semiconductor Sales Rose 5.5% (Maintained) Wilson Loo, CFA Tel: +603-2167 9606 wilsonloo@ta.com.my www.taonline.com.my September 2020’s Sales at the Highest Thus Far During the Year Global semiconductor sales in September 2020 accelerated further 4.5% MoM and 5.8% YoY to US$37.9bn, marking a new high in monthly sales thus far during the year. On a quarterly basis, numbers were also at the highest since 4Q18 with 3Q20’s up 11.0% QoQ and 5.8% YoY to US$113.6bn. And displaying the sector’s resilience to the dim global economic backdrop amid COVID-19 headwinds throughout the year, sales in 9M20 rose 5.5% to $320.5bn. While uncertainly lingers due to the prolonged pandemic, global semiconductor sales is on track to resume growth this year (2019: -12.0%) with the World Semiconductor Trade Statistics Organisation forecasting growth of 3.3% in 2020 and thereafter, accelerating 6.2% in 2021. Figure 1: Global Semiconductor Sales (US$ bn) Worldwide Sales (LHS) US$bn % YoY Growth (RHS) 70 60 50 40 30 20 10 0 -10 -20 -30 -40 45 40 35 30 25 20 15 10 5 Sep-20 Jan-19 Nov-19 Mar-18 May-17 Jul-16 Sep-15 Nov-14 Jan-14 Mar-13 Jul-11 May-12 Sep-10 Nov-09 Jan-09 Mar-08 Jul-06 May-07 Sep-05 Nov-04 Jan-04 Mar-03 0 Source: SIA, TA Securities All Regions Grew Further MoM, China Stood Out By geography, September 2020’s global semiconductor sales growth of 4.5% MoM was driven by all regions while growth of 5.8% YoY was underpinned by the Americas (+20.1%), China (+6.5%), and Asia Pacific (All Others) (+2.9%) which continued to outweigh weakness from Europe (9.8%) and Japan (-1.8%). Of note, China stood out during the month as it recorded marked acceleration in growth of 7.9% MoM and 6.5% YoY versus August 2020’s of 2.9% MoM and 3.0% YoY. Page 1 of 3
23. 2-Nov-20 Figure 2 : Growth in Sales by Region (% YoY) Figure 3: Breakdown of Sales by Region (%) % 100% Americas 100 Europe Japan Asia Pacific Worldwide 90% 80% 80 70% 60 60% 40 50% 40% 20 30% 20% 0 10% -20 Source: SIA, TA Securities Jul-20 Sep-19 Jan-18 Nov-18 Mar-17 Jul-15 May-16 Sep-14 Jan-13 Japan Nov-13 Mar-12 Jul-10 Europe May-11 Sep-09 Jan-08 Americas Nov-08 Mar-07 Jul-05 May-06 Sep-04 Jan-03 Jul-19 Apr-20 Apr-17 Jan-18 Oct-18 Jan-15 Oct-15 Jul-16 Oct-12 Jul-13 Apr-14 Jul-10 Apr-11 Jan-12 Apr-08 Jan-09 Oct-09 Jan-06 Oct-06 Jul-07 Jan-03 Oct-03 Jul-04 Apr-05 -60 Nov-03 0% -40 Asia Pacific Source: SIA, TA Securities Billings at Record High Billings in September 2020 grew further 3.6% MoM and 40.3% YoY to US$2,747.7mn, surpassing the previous record high of US$2,702.3mn in May 2018. On a YTD basis, 9M20’s billings were higher 24.2% to US$21,846.5mn, driven by advancements to newer nodes, robust investments in China, as well as the pick-up in memory spending following the downcycle in 2019 which was partly due to the cutback in investments and inventory build-up amid the heightened trade war. Figure 4: Billings (US$mn) US$mn 3,000 Billings (LHS) % 300 YoY Growth (RHS) 250 2,500 200 2,000 150 1,500 100 50 1,000 0 500 -50 Sep-20 Oct-19 Nov-18 Dec-17 Jan-17 Feb-16 Mar-15 Apr-14 Jun-12 May-13 Jul-11 Aug-10 Sep-09 Oct-08 Nov-07 Dec-06 Jan-06 -100 Feb-05 0 Source: SEMI, TA Securities Maintain Neutral In all, we reiterate our Neutral stance on the semiconductor sector. We maintain our Buy recommendation on Unisem (TP: RM6.88; 25.0x PE), which we continue to like for its robust earnings growth profile underpinned by its advanced packaging technologies, healthy pipeline, expansion plans, and healthy balance sheet. Meanwhile, we place our recommendation on Elsoft (TP: RM0.70; 17.0x PE; previously Buy), Inari (TP: RM2.40; 28.0x PE; previously Hold), and MPI (TP: RM20.90; 22.0x PE; previously Hold) Under Review pending the upcoming release of their results. Key risks include: (i) a prolonged COVID-19 pandemic weighing on economic growth and sentiment, (ii) a prolonged and heightened trade war, and (iii) USD vs. ringgit fluctuations. Page 2 of 3
24. 2-Nov-20 Peers Comparison Company Inari Amertron Price TP (RM) (RM) 2.54 2.40 Recom. PE (x) Mkt. EPS Growth (%) PBV (x) Div. Yield (%) ROE (%) Cap. CY20 CY21 CY20 CY21 CY20 CY21 CY20 CY21 CY20 CY21 UR 8,328.7 42.3 29.9 10.0 41.2 6.6 6.3 2.0 2.7 16.0 21.6 Unisem 5.10 6.88 BUY 3,708.1 29.6 18.5 67.2 59.6 2.6 2.5 1.8 2.7 9.1 13.8 MPI 22.00 20.90 UR 4,375.7 25.8 22.1 20.5 16.6 3.0 2.8 1.3 1.3 12.2 13.0 Elsoft 0.60 0.70 UR 402.5 24.7 14.5 -5.8 70.6 3.8 3.4 3.0 5.2 15.2 24.7 33.4 24.1 23.6 38.5 4.0 3.7 1.8 2.4 12.4 16.0 Weighted average (THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK) Sector Recommendation Guideline OVERWEIGHT: The industry, as per our coverage universe, is expected to outperform the FBMKLCI over the next 12 months. NEUTRAL: The industry, as per our coverage universe, is expected to perform in line with the FBMKLCI over the next 12 months. UNDERWEIGHT: The industry, as per our coverage universe, is expected to underperform the FBMKLCI over the next 12 months. 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, November 02, 2020, the analyst, Wilson Loo, 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
25. RESULTS UPDATE Monday , November 02, 2020 FSSTI: 2,423.84 Sector: Plantation THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* W i l m a r I n t e r n a t i o n a l L i m i t e d TP: SGD5.82 (+44.1%) Last Traded: SGD4.04 Special Dividend in Final Quarterly Results Angeline Chin Tel: +603-2167 9611 BUY angelinechin@ta.com.my Review Wilmar posted a strong 3QFY20 results performance with core net profit increased by 19.6% YoY to USD501.4mn as all core segments continued to perform better than previous year. According to Wilmar, this was its best 3Q core results since listing. 9MFY20 core net profit surged by 34.4% YoY to USD1.1bn on the back of 14.6% increase in revenue. The core net profit accounting for 92% and 93% of ours and consensus full-year estimates. The total volume of Food Products increased by 15.9% YoY to 7.4mn tonnes in 3QFY20, driven by Sugar and Flour as well as higher sales from its subsidiary. In addition, the increased volume was also due to higher sales of medium pack and bulk Food Products, showing signs of recovery in 3QFY20, as lockdown measures eased in most of the regions the group operates. 9MFY20 sales volume increased by 8.0% YoY to 19.7mn tonnes. The Feed and Industrial Products segment registered a sales growth of 16.1% YoY in 3QFY20 on the back of strong sugar merchandising, high soybean crushing activities, as well as improvement in refining margins in the Tropical Oil business. For the Plantation and Sugar Milling segment, the better performance was mainly due to higher commodity prices. Impact We tweak the FY20-FY22 earnings forecast upward by 6.8%-16.7%, after factoring in higher margins in the Oilseeds and Grains segment, higher contributions from associates and JVs, as well as higher CPO price assumptions. Outlook Management expects a good performance for the Palm Oil Mill and Plantation in 4QFY20 due to higher palm oil prices. Processing margins for Tropical Oils and crushing margins for Oilseed are also expected to be satisfactory for the rest of the year. Meanwhile, for the Sugar operations, strong white sugar premium and the recent recovery in sugar prices are expected to contribute positively to 4QFY20 results too. Lastly, the group will declare a special dividend of approximately 15% of the total Yihai Kerry Arawana (YKA)'s IPO proceeds in 4QFY20. In our forecast, we expect the special dividend to be SGD0.065/share. www.taonline.com.my Share Information Bloomberg Code Stock Code Listing Share Cap (mn) Market Cap (SGD mn) 52-wk Hi/Lo (RM) 12-mth Avg Daily Vol ('000 shrs) Estimated Free Float (%) Beta Major Shareholders (%) WIL SP F34 SGX Mainboard 6,339 25,673 4.95/2.83 6,047 35.9 0.84 PPB Group Bhd (18.48) Archer Daniels (13.29) Forecast Revision Forecast Revision (%) Net profit (USD mn) Consensus TA's / Consensus (%) Previous Rating FY20 FY21 16.7 6.8 1,447 1,503 1,225 1,366 118 110 Buy (Maintained) Financial Indicators Net Debt / Equity (%) FCPS (sen) Price / CFPS (x) ROE (%) ROA (%) NTA/Share (USD) Price/NTA (x) FY20 129.7 (32.0) nm 8.5 3.0 1.8 1.6 FY21 127.0 (1.3) nm 8.5 3.1 2.0 1.5 % of FY 92 93 Above Above WILMAR (13.9) (11.8) (8.2) (22.2) FSSTI (1.7) (4.2) (7.6) (24.4) Scorecard vs TA vs Consensus Share Performance (%) Price Change 1 mth 3 mth 6 mth 12 mth (12-Mth) Share Price relative to the FSSTI Valuation Our SOP valuation for Wilmar has been revised upward to SGD5.82/share from SGD5.48/share after the earnings adjustments. The new TP implies a CY21 PER of 18.2x. Maintain BUY on the stock. Source: Bloomberg Page 1 of 3
26. 2-Nov-20 Figure 1 : Wilmar’s Sum-of-Part Valuation Table Segments Palm & laurics Oilseeds & grains and Consumer Products Plantations Sugar Others Net debt (holding co.) SOP (USD) Share capital (mn) SOP/share (SGD) 10% Discount Target PER (x) 17 28 17 16 10 Segment value (USDmn) 13,895 11,930 3,035 1,278 120 102 30,360 6,339 6.47 5.82 3QFY20 Results Analysis (USD mn) FYE 31 Dec Turnover EBITDA Reported Net Profit Core Net Profit Core EPS Core Net Margin US¢ % Sales statistics Food Products - Consumer Products - Medium Pack and Bulk 3QFY19 11,163.6 907.9 447.1 419.2 3QFY20 13,317.5 1,087.6 536.6 501.4 6.6 3.8 7.9 3.8 2,077 4,324 6,401 2,454 4,964 7,418 6,059 5,099 3,015 14,173 5,603 6,309 4,543 16,455 YoY (%) 19.3 19.8 20.0 19.6 9MFY19 31,390.2 2,095.0 855.0 846.4 9MFY20 35,975.3 2,576.3 1,147.4 1,137.2 YoY (%) 14.6 23.0 34.2 34.4 13.4 2.7 17.9 3.2 18.2 14.8 15.9 5,750 12,473 18,223 7,180 12,502 19,682 24.9 0.2 8.0 (7.5) 23.7 50.7 16.1 17,673 13,478 7,080 38,231 16,317 16,491 9,992 42,800 (7.7) 22.4 41.1 12.0 ‘000 tonnes Feed and Industrial Products - Tropical Oils - Oilseeds and Grains - Sugar Earnings Summary FYE Dec 31 Revenue EBITDA EBITDA margin Pretax profit Net profit Core net profit EPS Core EPS Core EPS growth PER GDPS Div yield Core ROE (USD mn) (%) (US¢) (US¢) (%) (x) (SGD¢) (%) (%) FY18 44,497.7 2,636.3 5.9 1,612.2 1,150.3 1,301.7 18.1 20.5 27.1 14.6 10.5 2.6 8.1 FY19 42,640.5 2,826.3 6.6 1,698.5 1,268.0 1,256.4 20.0 19.8 (3.5) 15.1 12.5 3.1 7.7 FY20E 47,640.2 2,997.0 6.3 1,938.4 1,447.1 1,447.1 22.8 22.8 15.2 13.1 20.0 5.0 8.5 FY21F 50,858.4 3,107.7 6.1 2,013.6 1,503.2 1,503.2 23.7 23.7 3.9 12.6 14.0 3.5 8.5 FY22F 54,446.7 3,357.0 6.2 2,274.6 1,698.1 1,698.1 26.8 26.8 13.0 11.2 16.0 4.0 9.2 Page 2 of 3
27. 2-Nov-20 (TH I S P A GE IS IN TE N TI ON AL L Y L E F T B L AN K ) 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, November 02, 2020, the analyst, Angeline Chin, 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
28. Monday , 02 November, 2020 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
29. Technical View Monday , November 02, 2020 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) RM2.85 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 3.02 2.95 2.88 10-day 30-day 50-day RM RM RM DMI SELL Recent Signal Signal Change AXIATA (6888) RM RM RM BUY RM2.93 BOLLINGER BANDS SIMPLE MOVING AVERAGES 3.06 2.85 2.65 10-day 30-day 50-day BUY BUY Recent Signal Signal Change DMI Recent Signal Signal Change 2.94 2.96 2.98 DAILY MACD Recent Signal Signal Change Upper Middle Lower www.taonline.com.my RM RM RM 2.78 2.91 2.98 DAILY MACD BUY Page 1 of 10
30. 2-Nov-20 CIMB (1023) RM2.95 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 3.13 3.06 2.99 10-day 30-day 50-day RM RM RM DMI DAILY MACD Recent Signal Signal Change SELL SELL Recent Signal Signal Change DIGI (6947) RM RM RM SIMPLE MOVING AVERAGES 4.17 4.02 3.87 10-day 30-day 50-day DMI Recent Signal Signal Change BUY RM3.77 BOLLINGER BANDS Upper Middle Lower 3.04 3.07 3.17 RM RM RM 3.96 4.02 4.07 DAILY MACD SELL Recent Signal Signal Change SELL Page 2 of 10
31. 2-Nov-20 IHH HEALTHCARE (5225) RM4.97 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 5.18 5.03 4.88 10-day 30-day 50-day RM RM RM BUY Recent Signal Signal Change DMI DAILY MACD Recent Signal Signal Change IOI CORP (1961) RM RM RM SIMPLE MOVING AVERAGES 4.52 4.37 4.22 10-day 30-day 50-day DMI Recent Signal Signal Change BUY RM4.30 BOLLINGER BANDS Upper Middle Lower 5.04 5.11 5.22 RM RM RM 4.32 4.40 4.43 DAILY MACD SELL Recent Signal Signal Change BUY Page 3 of 10
32. 2-Nov-20 MAYBANK (1155) RM7.00 BOLLINGER BANDS Upper Middle Lower RM RM RM Recent Signal Signal Change SIMPLE MOVING AVERAGES 7.38 7.18 6.98 SELL 10-day 30-day 50-day RM RM RM DAILY MACD Recent Signal Signal Change RHB BANK (1066) RM RM RM SIMPLE MOVING AVERAGES 4.60 4.40 4.21 10-day 30-day 50-day DMI Recent Signal Signal Change SELL RM4.23 BOLLINGER BANDS Upper Middle Lower 7.13 7.18 7.28 RM RM RM 4.32 4.48 4.58 DAILY MACD SELL Recent Signal Signal Change BUY Page 4 of 10
33. 2-Nov-20 Close Name 30 /Oct FBMKLCI 1466.89 Change High Low (28.31) 1,494.87 1,461.05 Bollinger Bands RSI Lower Mid Upper 14d 10d Moving Averages 30d 50d DI + DI - DMI ADX Diff Line MACD Signal Diff Recent Signal DMI MACD 1,483.41 1,507.40 1,531.40 43.94 1,502.29 1,506.66 1,518.09 14.88 23.09 19.72 (8.22) (5.71) (4.71) (1.00) SELL DMI MACD Signal Change SELL - - AFFIN 1.37 -0.01 1.38 1.36 1.37 1.40 1.42 39.12 1.39 1.40 1.43 6.17 16.75 26.63 (10.59) -0.01 -0.01 0.00 SELL BUY - - ABMB 2.18 -0.06 2.23 2.18 2.17 2.23 2.29 53.41 2.25 2.22 2.19 28.43 10.64 34.27 17.78 0.01 0.02 (0.00) BUY SELL - - AMBANK 2.85 -0.06 2.93 2.85 2.88 2.95 3.02 44.25 2.94 2.96 2.98 15.06 21.11 20.32 (6.05) -0.01 -0.01 0.00 SELL BUY - - AXIATA 2.93 -0.11 3.03 2.89 2.65 2.85 3.06 60.42 2.78 2.91 2.98 30.55 22.67 26.50 7.88 -0.05 -0.07 0.02 BUY BUY BUY - CIMB 2.95 -0.05 3.01 2.95 2.99 3.06 3.13 34.34 3.04 3.07 3.17 15.05 17.71 11.03 (2.66) -0.04 -0.04 0.00 SELL BUY SELL - DIGI 3.77 -0.13 3.90 3.74 3.87 4.02 4.17 38.77 3.96 4.02 4.07 10.83 18.74 14.15 (7.92) -0.04 -0.03 (0.01) SELL SELL - - GAMUDA 3.33 -0.10 3.44 3.33 3.35 3.47 3.59 48.19 3.44 3.46 3.44 15.10 16.02 13.16 (0.92) -0.01 0.00 (0.01) SELL SELL - - GENTING 2.96 -0.02 3.00 2.96 2.90 3.08 3.25 29.04 3.00 3.14 3.32 18.78 28.20 33.93 (9.42) -0.10 -0.11 0.01 SELL BUY - - GENM 2.00 -0.02 2.02 2.00 1.98 2.04 2.10 40.86 2.02 2.07 2.15 22.04 19.58 18.18 2.47 -0.04 -0.04 0.01 BUY BUY - - IHH 4.97 -0.13 5.10 4.91 4.88 5.03 5.18 49.51 5.04 5.11 5.22 17.04 16.60 19.40 0.44 -0.03 -0.06 0.03 BUY BUY - - IOICORP 4.30 -0.06 4.39 4.26 4.22 4.37 4.52 48.35 4.32 4.40 4.43 13.24 20.22 29.08 (6.98) -0.02 -0.03 0.01 SELL BUY - - MALAKOFF 0.93 0.01 0.93 0.91 0.89 0.92 0.95 44.84 0.92 0.93 0.95 12.89 14.27 11.58 (1.37) -0.01 -0.01 (0.00) SELL SELL - - MAXIS 4.80 -0.12 4.93 4.75 4.86 4.99 5.11 44.04 4.95 5.00 5.03 11.94 15.35 9.20 (3.40) -0.03 -0.03 (0.00) SELL SELL - - MAYBANK 7.00 -0.07 7.09 7.00 6.98 7.18 7.38 40.40 7.13 7.18 7.28 13.36 18.12 14.16 (4.76) -0.06 -0.05 (0.01) SELL SELL - - MBSB 0.49 -0.02 0.51 0.49 0.50 0.51 0.52 39.80 0.51 0.51 0.53 8.51 19.48 37.91 (10.96) -0.01 -0.01 0.00 SELL BUY - - RHBBANK 4.23 -0.08 4.30 4.20 4.21 4.40 4.60 37.21 4.32 4.48 4.58 10.93 18.86 29.85 (7.92) -0.08 -0.09 0.00 SELL BUY - - SIME 2.41 -0.01 2.43 2.38 2.32 2.41 2.49 53.65 2.42 2.40 2.33 22.18 12.16 29.19 10.02 0.02 0.03 (0.01) BUY SELL - - TENAGA 9.54 -0.24 9.80 9.50 9.76 10.14 10.53 27.30 9.98 10.38 10.67 9.28 30.70 32.78 (21.42) -0.23 -0.23 (0.00) SELL SELL - SELL TM 4.19 -0.01 4.27 4.05 4.04 4.17 4.30 53.34 4.22 4.17 4.11 18.96 15.33 17.27 3.63 0.03 0.03 (0.00) BUY SELL - SELL WPRTS 3.90 0.00 3.92 3.88 3.78 3.89 4.00 51.08 3.87 3.91 3.89 15.65 16.08 14.88 (0.43) -0.01 -0.01 (0.00) SELL SELL - - AEMULUS 0.65 -0.06 0.71 0.65 0.63 0.68 0.73 58.70 0.70 0.66 0.67 30.96 9.67 41.51 21.29 0.02 0.02 0.00 BUY BUY - - ARMADA 0.22 0.00 0.22 0.22 0.23 0.25 0.27 29.74 0.24 0.25 0.25 13.89 19.57 22.35 (5.68) -0.01 0.00 (0.00) SELL SELL - - DIALOG 3.70 0.01 3.70 3.59 3.68 3.76 3.84 41.45 3.73 3.78 3.74 11.66 12.85 18.76 (1.19) -0.01 0.00 (0.01) SELL SELL - - DNEX 0.18 -0.01 0.19 0.18 0.16 0.19 0.22 44.35 0.20 0.19 0.20 26.16 17.59 26.75 8.57 0.00 0.00 0.00 BUY BUY - - FGV 1.06 -0.02 1.11 1.06 1.01 1.07 1.13 46.45 1.09 1.12 1.15 16.51 18.07 11.39 (1.55) -0.02 -0.02 0.00 SELL BUY - - GADANG 0.37 -0.01 0.38 0.37 0.37 0.39 0.41 37.60 0.39 0.39 0.40 12.61 20.14 15.20 (7.54) -0.01 -0.01 (0.00) SELL SELL - - GLOBETRONICS 2.85 -0.05 2.93 2.70 2.49 2.77 3.04 59.84 2.89 2.74 2.76 22.27 13.42 23.71 8.85 0.06 0.05 0.02 BUY BUY - - HIAP TECK 0.19 -0.02 0.20 0.18 0.17 0.19 0.21 56.75 0.20 0.19 0.18 31.38 14.03 29.60 17.35 0.00 0.00 0.00 BUY BUY - - HIBISCUS 0.46 -0.02 0.47 0.45 0.48 0.50 0.51 29.08 0.49 0.50 0.54 14.84 26.88 14.69 (12.04) -0.01 -0.01 0.00 SELL BUY - - INARI 2.54 -0.04 2.59 2.42 2.25 2.48 2.70 62.75 2.56 2.39 2.30 24.13 14.29 32.06 9.84 0.09 0.09 (0.00) BUY SELL - SELL 61.16 - 22.00 -0.56 23.50 21.46 17.81 20.06 22.30 79.49 20.90 19.37 18.19 44.46 3.50 40.95 1.11 0.92 0.19 BUY BUY - MRCB MPI 0.38 -0.01 0.39 0.37 0.37 0.43 0.50 22.19 0.40 0.45 0.47 6.33 29.21 37.26 (22.88) -0.03 -0.02 (0.00) SELL SELL - - SAPURA ENERGY 0.10 -0.01 0.11 0.10 0.10 0.10 0.11 49.61 0.10 0.11 0.11 9.50 15.96 13.25 0.00 0.00 0.00 SELL BUY - BUY (6.46) SKP RESOURCES 1.76 -0.06 1.82 1.71 1.76 1.83 1.90 54.22 1.84 1.81 1.69 19.69 16.89 20.57 2.80 0.03 0.05 (0.02) BUY SELL - - SUNCON 1.81 0.00 1.85 1.79 1.77 1.84 1.90 45.37 1.82 1.83 1.85 20.28 22.70 11.71 (2.42) -0.01 -0.01 (0.00) SELL SELL - - UEM SUNRISE 0.37 -0.01 0.38 0.37 0.37 0.38 0.40 47.73 0.38 0.38 0.39 16.23 21.27 11.47 (5.04) 0.00 0.00 0.00 SELL BUY - - VELESTO 0.12 -0.01 0.12 0.11 0.12 0.12 0.13 42.86 0.12 0.12 0.13 11.45 12.63 12.53 (1.18) 0.00 0.00 0.00 SELL BUY - - UNISEM 5.10 -0.08 5.19 4.99 3.18 4.09 5.00 91.17 4.40 3.90 3.75 48.46 3.52 47.87 44.94 0.35 0.23 0.12 BUY BUY - - VS INDS 2.34 0.00 2.34 2.25 2.23 2.37 2.51 54.94 2.42 2.26 2.12 20.48 14.99 41.30 5.49 0.08 0.11 (0.03) BUY SELL - - WASEONG 0.39 -0.01 0.40 0.38 0.41 0.44 0.47 24.04 0.44 0.45 0.47 7.74 31.31 30.37 (23.58) -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
34. 2-Nov-20 LIST OF RECOMMENDED BUY STOCKS FROM AUG 2020 TO CURRENT Stock ABMB AFFIN AMBANK AMBANK AMBANK AMBANK AXIATA AXIATA AXIATA AXIATA BUMI ARMADA BUMI ARMADA CIMB CIMB CIMB CIMB CIMB DIALOG DIALOG DIALOG DIALOG DIGI DIGI DIGI DIGI DNEX DNEX DNEX DNEX FGV FGV GADANG GADANG GAMUDA GAMUDA GAMUDA GENM GENM GENM GENTING GENTING GENTING GLOBETRONICS GLOBETRONICS GLOBETRONICS HIAP TECK HIAP TECK HIBISCUS HIBISCUS HIBISCUS IHH HEALTHCARE IHH HEALTHCARE IHH HEALTHCARE INARI INARI INARI IOI CORP IOI CORP MAXIS MAYBANK MAYBANK MAYBANK MAYBANK MBSB MRCB MRCB RHBBANK RHBBANK RHBBANK RHBBANK SAPURA ENERGY SAPURA ENERGY SIME DARBY SUNCON SUNCON TENAGA TENAGA TENAGA TM UEM SUNRISE UEM SUNRISE VELESTO WAH SEONG WAH SEONG REC Date 11-Sep 8-Sep 2-Sep 1-Oct 13-Oct 27-Oct 26-Aug 9-Sep 14-Oct 28-Oct 11-Aug 22-Sep 14-Aug 8-Sep 1-Oct 13-Oct 27-Oct 12-Aug 17-Sep 2-Oct 22-Oct 26-Aug 9-Sep 14-Oct 28-Oct 18-Aug 17-Sep 2-Oct 21-Oct 18-Aug 15-Sep 27-Aug 18-Sep 25-Aug 18-Sep 29-Sep 3-Sep 9-Oct 15-Oct 3-Sep 9-Oct 15-Oct 19-Aug 10-Sep 8-Oct 15-Sep 21-Oct 12-Aug 22-Sep 22-Oct 25-Aug 6-Oct 20-Oct 19-Aug 10-Sep 8-Oct 30-Sep 20-Oct 4-Sep 2-Sep 11-Sep 7-Oct 30-Oct 24-Sep 27-Aug 25-Sep 14-Aug 7-Oct 16-Oct 30-Oct 13-Aug 23-Sep 29-Sep 28-Aug 30-Sep 24-Sep 6-Oct 16-Oct 4-Sep 28-Aug 25-Sep 13-Aug 11-Aug 23-Sep Total funds invested * Total unrealised profit/(loss) Return BUY Price 2.20 1.44 2.94 3.00 2.98 2.95 3.11 3.22 2.93 2.84 0.22 0.25 3.60 3.24 3.08 3.10 3.04 3.65 3.76 3.82 3.72 4.20 4.04 4.12 3.92 0.23 0.20 0.19 0.23 1.13 1.19 0.41 0.41 3.30 3.53 3.39 2.30 2.10 2.03 3.64 3.23 3.04 2.77 2.65 2.66 0.22 0.21 0.66 0.53 0.50 5.41 5.09 4.96 2.05 2.10 2.46 4.48 4.28 5.04 7.13 7.50 7.19 7.07 0.53 0.51 0.48 5.00 4.56 4.34 4.31 0.13 0.12 2.42 1.93 1.84 10.90 10.40 10.02 4.25 0.40 0.37 0.16 0.49 0.47 30-Oct-20 Price 2.18 1.37 2.85 2.85 2.85 2.85 2.93 2.93 2.93 2.93 0.22 0.22 2.95 2.95 2.95 2.95 2.95 3.70 3.70 3.70 3.70 3.77 3.77 3.77 3.77 0.18 0.18 0.18 0.18 1.06 1.06 0.37 0.37 3.33 3.33 3.33 2.00 2.00 2.00 2.96 2.96 2.96 2.85 2.85 2.85 0.19 0.19 0.46 0.46 0.46 4.97 4.97 4.97 2.54 2.54 2.54 4.30 4.30 4.80 7.00 7.00 7.00 7.00 0.49 0.38 0.38 4.23 4.23 4.23 4.23 0.10 0.10 2.41 1.81 1.81 9.54 9.54 9.54 4.19 0.37 0.37 0.12 0.39 0.39 Change (+/-) (0.02) (0.07) (0.09) (0.15) (0.13) (0.10) (0.18) (0.29) 0.00 0.09 0.00 (0.03) (0.65) (0.29) (0.13) (0.15) (0.09) 0.05 (0.06) (0.12) (0.02) (0.43) (0.27) (0.35) (0.15) (0.06) (0.03) (0.02) (0.06) (0.07) (0.13) (0.04) (0.04) 0.03 (0.20) (0.06) (0.30) (0.10) (0.03) (0.68) (0.27) (0.08) 0.08 0.20 0.19 (0.04) (0.03) (0.20) (0.07) (0.04) (0.44) (0.12) 0.01 0.49 0.44 0.08 (0.18) 0.02 (0.24) (0.13) (0.50) (0.19) (0.07) (0.04) (0.14) (0.11) (0.77) (0.33) (0.11) (0.08) (0.03) (0.02) (0.01) (0.12) (0.03) (1.36) (0.86) (0.48) (0.06) (0.03) 0.00 (0.05) (0.10) (0.08) 244,510 (11,275) -4.61% % (0.91) (4.86) (3.06) (5.00) (4.36) (3.39) (5.79) (9.01) 0.00 3.17 0.00 (12.00) (18.06) (8.95) (4.22) (4.84) (2.96) 1.37 (1.60) (3.14) (0.54) (10.24) (6.68) (8.50) (3.83) (23.91) (12.50) (7.89) (23.91) (6.19) (10.92) (9.76) (9.76) 0.91 (5.67) (1.77) (13.04) (4.76) (1.48) (18.68) (8.36) (2.63) 2.89 7.55 7.14 (15.91) (11.90) (30.30) (13.21) (8.00) (8.13) (2.36) 0.20 23.90 20.95 3.25 (4.02) 0.47 (4.76) (1.82) (6.67) (2.64) (0.99) (7.55) (26.47) (21.88) (15.40) (7.24) (2.53) (1.86) (23.08) (16.67) (0.41) (6.22) (1.63) (12.48) (8.27) (4.79) (1.41) (7.50) 0.00 (28.13) (20.41) (17.02) ST Upside Targets ** MT 2.71 1.64 3.69 3.69 3.69 3.69 3.54 3.54 3.54 3.54 0.33 0.33 3.97 3.97 3.97 3.97 3.97 4.29 4.29 4.29 4.29 4.46 4.46 4.46 4.46 0.28 0.28 0.28 0.28 1.38 1.38 0.50 0.50 4.00 4.00 4.00 2.60 2.60 2.60 3.70 3.70 3.70 3.17 3.17 3.17 0.24 0.24 0.66 0.66 0.66 6.42 6.42 6.42 2.82 2.82 2.82 5.00 5.00 5.52 8.51 8.51 8.51 8.51 0.61 0.50 0.50 5.31 5.31 5.31 5.31 0.15 0.15 2.97 2.20 2.20 12.02 12.02 12.02 5.17 0.48 0.48 0.16 0.53 0.53 2.48 1.57 3.40 3.40 3.40 3.40 3.30 3.30 3.30 3.30 0.28 0.28 3.63 3.63 3.63 3.63 3.63 3.99 3.99 3.99 3.99 4.30 4.30 4.30 4.30 0.25 0.25 0.25 0.25 1.25 1.25 0.43 0.43 3.76 3.76 3.76 2.30 2.30 2.30 3.40 3.40 3.40 3.05 3.05 3.05 0.21 0.21 0.56 0.56 0.56 5.97 5.97 5.97 2.70 2.70 2.70 4.82 4.82 5.34 8.14 8.14 8.14 8.14 0.57 0.45 0.45 5.10 5.10 5.10 5.10 0.13 0.13 2.70 1.99 1.99 11.63 11.63 11.63 4.68 0.43 0.43 0.13 0.46 0.46 LT 2.86 1.72 3.87 3.87 3.87 3.87 3.87 3.87 3.87 3.87 0.38 0.38 4.24 4.24 4.24 4.24 4.24 4.48 4.48 4.48 4.48 4.61 4.61 4.61 4.61 0.31 0.31 0.31 0.31 1.50 1.50 0.56 0.56 4.30 4.30 4.30 2.84 2.84 2.84 3.94 3.94 3.94 3.34 3.34 3.34 0.27 0.27 0.75 0.75 0.75 6.86 6.86 6.86 3.00 3.00 3.00 5.15 5.15 5.81 8.74 8.74 8.74 8.74 0.65 0.56 0.56 5.56 5.56 5.56 5.56 0.18 0.18 3.14 2.41 2.41 12.42 12.42 12.42 5.47 0.54 0.54 0.19 0.60 0.60 ST 13.76 14.60 19.30 19.30 19.30 19.30 12.63 12.63 12.63 12.63 27.27 27.27 23.05 23.05 23.05 23.05 23.05 7.84 7.84 7.84 7.84 14.06 14.06 14.06 14.06 42.86 42.86 42.86 42.86 17.92 17.92 16.22 16.22 12.91 12.91 12.91 15.00 15.00 15.00 14.86 14.86 14.86 7.02 7.02 7.02 13.51 13.51 21.74 21.74 21.74 20.12 20.12 20.12 6.30 6.30 6.30 12.09 12.09 11.25 16.29 16.29 16.29 16.29 16.33 20.00 20.00 20.57 20.57 20.57 20.57 30.00 30.00 12.03 9.94 9.94 21.91 21.91 21.91 11.69 16.22 16.22 13.04 17.95 17.95 % Upside MT 24.31 19.71 29.47 29.47 29.47 29.47 20.82 20.82 20.82 20.82 50.00 50.00 34.58 34.58 34.58 34.58 34.58 15.95 15.95 15.95 15.95 18.30 18.30 18.30 18.30 60.00 60.00 60.00 60.00 30.19 30.19 35.14 35.14 20.12 20.12 20.12 30.00 30.00 30.00 25.00 25.00 25.00 11.23 11.23 11.23 29.73 29.73 43.48 43.48 43.48 29.18 29.18 29.18 11.02 11.02 11.02 16.28 16.28 15.00 21.57 21.57 21.57 21.57 24.49 33.33 33.33 25.53 25.53 25.53 25.53 50.00 50.00 23.24 21.55 21.55 26.00 26.00 26.00 23.39 29.73 29.73 39.13 35.90 35.90 LT 31.19 25.55 35.79 35.79 35.79 35.79 32.08 32.08 32.08 32.08 72.73 72.73 43.73 43.73 43.73 43.73 43.73 21.08 21.08 21.08 21.08 22.28 22.28 22.28 22.28 77.14 77.14 77.14 77.14 41.51 41.51 51.35 51.35 29.13 29.13 29.13 42.00 42.00 42.00 33.11 33.11 33.11 17.19 17.19 17.19 45.95 45.95 63.04 63.04 63.04 38.03 38.03 38.03 18.11 18.11 18.11 19.77 19.77 21.04 24.86 24.86 24.86 24.86 32.65 49.33 49.33 31.44 31.44 31.44 31.44 80.00 80.00 30.29 33.15 33.15 30.19 30.19 30.19 30.55 45.95 45.95 65.22 53.85 53.85 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 Aug 2020 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
35. 2-Nov-20 Support & Resistance on Recommended Stocks Portfolio No. Stock Stock Code Name SL S2 S1 23/Oct R1 R2 R3 Ratio 0.181 AEMULUS 0.40 0.47 0.53 0.705 0.73 0.78 0.90 0.14 2 5210 ARMADA 0.15 0.18 0.21 0.230 0.33 0.38 0.45 3 7277 DIALOG 3.19 3.34 3.50 3.730 3.99 4.29 4.48 4 4456 DNEX 0.10 0.13 0.17 0.195 0.25 0.28 0.31 5 5222 FGV 0.85 0.92 0.99 1.080 1.25 1.38 1.50 1 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 57.60 26.466 15.014 14.205 55.6 65.2 5.00 35.07 27.504 21.640 32.146 16.7 10.3 1.13 44.88 5.345 6.772 5.515 16.7 21.3 2.20 47.56 32.340 74.044 26.968 14.3 30.2 1.89 45.29 4.220 7.036 9.574 30.0 38.8 26.4 6 9261 GADANG 0.25 0.28 0.33 0.380 0.50 0.56 0.64 2.40 39.75 6.756 2.910 1.748 12.5 7 5398 GAMUDA 2.54 2.87 3.15 3.410 3.76 4.00 4.30 1.35 46.93 1.543 1.750 2.168 20.8 9.8 8 7022 GTRONIC 2.30 2.45 2.60 2.920 3.05 3.17 3.34 0.41 62.62 2.981 2.815 1.900 81.4 82.2 42.4 9 5072 HIAP TECK 0.12 0.14 0.16 0.195 0.21 0.24 0.27 0.43 53.84 76.535 26.921 17.689 27.3 10 5199 HIBISCUS 0.34 0.40 0.44 0.485 0.56 0.66 0.75 1.67 35.33 6.943 5.916 6.603 20.0 23.3 11 0.166 INARI 2.10 2.20 2.37 2.620 2.70 2.82 3.00 0.32 65.89 21.160 23.567 15.980 69.7 71.7 12 3867 MPI 16.84 18.00 19.07 20.760 21.56 22.68 24.06 0.47 70.26 0.364 0.223 0.256 95.5 81.8 13 1651 MRCB 0.17 0.28 0.38 0.400 0.50 0.56 0.62 5.00 21.15 7.995 10.743 4.590 6.3 2.1 14 5218 SAPNRG 0.06 0.08 0.09 0.100 0.13 0.15 0.18 3.00 42.86 66.028 13.576 32.713 0.0 16.7 15 7155 SKPRES 1.23 1.37 1.59 1.800 1.94 2.05 2.16 0.67 55.65 4.388 3.086 3.974 26.7 39.3 16 5263 SUNCON 1.51 1.64 1.70 1.780 1.99 2.20 2.41 2.63 38.44 0.145 0.539 0.350 7.7 13.7 17 5148 UEM SUNRISE 0.27 0.32 0.35 0.375 0.43 0.48 0.54 2.20 46.09 1.222 1.773 3.159 33.3 30.6 18 5243 VELESTO 0.09 0.10 0.11 0.120 0.16 0.19 0.21 4.00 39.26 23.929 10.955 16.471 33.3 11.1 19 6963 VS INDS 1.54 1.77 2.13 2.360 2.71 2.90 3.07 1.52 56.68 17.834 23.984 30.092 23.1 38.6 20 5142 WAH SEONG 0.30 0.34 0.38 0.430 0.53 0.60 0.69 2.00 36.35 0.581 0.560 0.393 16.7 35.6 No. Stock Stock Code Name SL S2 S1 30/Oct R1 R2 R3 Ratio 0.181 AEMULUS 0.40 0.47 0.53 0.650 0.73 0.78 0.90 0.67 2 5210 ARMADA 0.11 0.15 0.18 0.220 0.28 0.33 0.38 3 7277 DIALOG 3.19 3.34 3.50 3.700 3.99 4.29 4.48 4 4456 DNEX 0.10 0.13 0.17 0.175 0.25 0.28 0.31 15.00 5 5222 FGV 0.85 0.92 0.99 1.060 1.25 1.38 1.50 2.71 1 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 44.96 8.842 10.573 12.759 0.0 38.9 1.50 29.74 32.306 21.315 28.216 12.5 12.5 1.45 43.17 8.898 7.055 5.777 47.8 25.1 42.66 22.276 20.362 29.610 0.0 4.8 43.76 13.268 4.188 10.033 10.0 26.7 6 9261 GADANG 0.25 0.28 0.33 0.370 0.50 0.56 0.64 3.25 35.22 1.787 2.544 2.019 10.0 10.7 7 5398 GAMUDA 2.54 2.87 3.15 3.330 3.76 4.00 4.30 2.39 40.75 3.032 1.796 1.811 0.0 17.8 8 7022 GTRONIC 2.30 2.45 2.60 2.850 3.05 3.17 3.34 0.80 54.83 3.788 2.876 2.205 50.0 65.6 9 5072 HIAP TECK 0.12 0.14 0.16 0.185 0.21 0.24 0.27 1.00 47.15 19.288 21.098 19.713 16.7 26.8 10 5199 HIBISCUS 0.34 0.40 0.44 0.460 0.56 0.66 0.75 5.00 24.23 7.693 4.414 6.523 16.7 9.7 11 0.166 INARI 2.10 2.20 2.37 2.540 2.70 2.82 3.00 0.94 58.51 16.657 14.488 16.206 48.4 57.5 12 3867 MPI 18.00 19.07 20.45 22.000 24.06 26.29 28.52 1.33 71.18 0.607 0.302 0.294 57.6 72.4 13 1651 MRCB 0.28 0.32 0.35 0.375 0.45 0.50 0.56 3.00 19.96 4.658 7.570 5.439 6.7 4.4 14 5218 SAPNRG 0.06 0.08 0.09 0.100 0.13 0.15 0.18 3.00 44.01 68.517 39.201 30.100 33.3 44.4 15 7155 SKPRES 1.23 1.37 1.59 1.760 1.94 2.05 2.16 1.06 46.85 3.370 4.143 3.487 21.7 21.0 16 5263 SUNCON 1.51 1.64 1.70 1.810 1.99 2.20 2.41 1.64 45.37 0.131 0.149 0.297 36.4 39.4 17 5148 UEM SUNRISE 0.27 0.32 0.35 0.370 0.43 0.48 0.54 3.00 41.74 1.071 1.746 3.303 33.3 61.1 18 5243 VELESTO 0.08 0.09 0.10 0.115 0.16 0.19 0.21 3.00 36.96 16.952 15.244 15.543 33.3 22.2 19 6963 VS INDS 1.54 1.77 2.13 2.340 2.71 2.90 3.07 1.76 54.94 12.353 11.822 23.990 29.0 20.1 20 5142 WAH SEONG 0.22 0.30 0.34 0.390 0.46 0.53 0.60 1.40 21.57 1.054 0.739 0.463 12.5 9.7 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 7 of 10
36. 2-Nov-20 Support & Resistance on Momentum Stocks No. Stock Stock Stop-lossSupport 2SupportCurrent 1 price ResistanceResistance 1 Resistance 2 3Reward Code Name SL S2 S1 23/Oct R1 R2 R3 Ratio 1 5204 PRESTARIANG 0.30 0.36 0.40 0.410 0.52 0.59 0.65 11.00 2 0.138 MYEG 1.08 1.18 1.28 1.390 1.50 1.61 1.81 3 8877 EKOVEST 0.40 0.44 0.48 0.495 0.56 0.62 4 4723 JAKS 0.68 0.74 0.80 0.880 0.98 5 1589 IWCITY 0.35 0.40 0.45 0.500 6 7108 PERDANA 0.08 0.10 0.12 7 5216 DSONIC 0.40 0.45 8 5141 DAYANG 0.60 9 5253 ECONPILE 10 6181 MALTON RSI Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 26.67 7.514 14.261 0.0 5.4 1.00 49.60 43.115 19.189 19.330 25.0 57.3 0.65 4.33 45.67 21.291 26.962 15.367 9.1 27.3 1.09 1.20 1.25 53.13 20.907 14.488 11.847 17.4 37.7 0.58 0.66 0.77 1.60 37.71 4.070 4.861 4.943 16.7 33.3 0.135 0.18 0.20 0.23 3.00 25.62 8.073 5.444 6.443 0.0 6.7 0.49 0.535 0.62 0.70 0.77 1.89 47.95 71.177 43.958 22.775 27.8 51.7 0.71 0.80 0.835 1.03 1.13 1.23 5.57 24.74 2.430 5.168 4.526 15.8 23.1 0.20 0.30 0.38 0.400 0.52 0.59 0.65 6.00 25.42 2.895 2.704 2.351 5.6 3.9 0.31 0.35 0.39 0.415 0.50 0.54 0.58 3.40 40.19 1.324 1.156 1.411 0.0 29.6 No. Stock Stock Stop-lossSupport 2SupportCurrent 1 price ResistanceResistance 1 Resistance 2 3Reward Code Name SL S2 S1 30/Oct R1 R2 R3 Ratio 1 5204 PRESTARIANG 0.20 0.25 0.30 0.415 0.52 0.59 0.67 0.91 2 0.138 MYEG 1.08 1.18 1.28 1.370 1.50 1.61 1.81 3 8877 EKOVEST 0.35 0.40 0.44 0.470 0.56 0.62 4 4723 JAKS 0.33 0.36 0.40 0.430 0.53 5 1589 IWCITY 0.35 0.40 0.45 0.475 6 7108 PERDANA 0.06 0.08 0.10 7 5216 DSONIC 0.40 0.45 8 5141 DAYANG 0.51 9 5253 ECONPILE 10 6181 MALTON RSI 6.886 Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 43.58 4.476 22.063 16.148 51.6 60.4 1.44 47.03 9.509 20.799 19.724 21.4 22.2 0.65 3.00 36.52 14.788 14.504 15.271 0.0 7.7 0.59 0.65 3.33 40.19 17.653 17.516 24.043 17.4 7.8 0.58 0.66 0.77 4.20 30.38 3.391 3.627 4.444 11.8 8.4 0.120 0.18 0.20 0.23 3.00 17.29 9.309 5.461 5.392 0.0 6.7 0.49 0.515 0.62 0.70 0.77 4.20 43.53 22.634 56.501 27.284 5.6 14.8 0.60 0.71 0.750 0.90 1.03 1.13 3.75 16.70 6.506 3.399 4.558 6.5 3.7 0.20 0.25 0.30 0.325 0.45 0.50 0.55 5.00 15.47 6.562 3.715 2.676 4.2 2.9 0.31 0.35 0.39 0.415 0.50 0.54 0.58 3.40 40.60 0.453 1.000 1.259 9.1 15.2 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 8 of 10
37. 2-Nov-20 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 Name Tel: +603-2167 9607 Total Money Flow (RM'mn) 22-Oct 23-Oct 26-Oct 27-Oct 28-Oct stsoo@ta.com.my (A) Total 5D MF Prv. Chg (B) Cur. Chg www.taonline.com.my CLOSING PRICE 22-Oct 23-Oct 26-Oct 27-Oct 28-Oct (A+B) DMF Chg FBMKLCI 8.5 1.0 (5.4) (17.9) (4.1) (17.9) (12.5) 13.8 1,499 1,495 1,495 1,500 1,495 (5.15) IN 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 (0.2) 0.6 0.2 (0.8) (0.0) 0.2 2.2 (0.3) 0.0 (0.0) 0.4 0.2 2.4 (0.0) 0.2 0.3 (0.6) 0.1 (0.8) (0.0) 0.2 (1.2) (0.1) (0.0) 0.0 0.3 (0.0) 0.1 1.7 0.2 (0.0) (0.0) 0.7 (0.0) (0.0) 0.1 0.4 0.1 (0.1) (0.0) (0.0) (0.0) 0.2 (1.2) 0.1 (0.1) 0.6 0.1 (0.1) 0.1 (0.0) 0.2 0.3 (0.0) (0.4) (1.2) 0.0 0.3 0.0 (0.0) 0.2 3.4 (0.1) (0.2) (0.1) 0.1 0.0 (0.0) 0.1 (0.3) (0.1) (0.2) 0.2 0.0 (0.0) (0.1) (1.4) (1.9) (0.0) (0.0) 0.2 0.3 (0.1) (0.3) (0.8) (0.1) 0.2 0.2 0.2 (0.1) (0.0) (0.0) 0.7 (0.1) 0.0 0.1 (0.4) 0.1 0.2 0.0 0.0 0.6 (0.1) (0.2) 0.0 0.0 (0.1) (0.1) 0.1 (0.2) 0.0 (0.1) (0.0) (0.0) (0.1) (0.0) (0.2) (2.2) (0.0) 0.0 (0.1) 0.2 (2.0) (0.5) (0.1) (0.2) 0.5 0.6 0.2 (0.0) 0.4 (1.8) (4.6) (0.0) (2.0) (1.9) 6.9 1.9 0.3 0.0 0.1 (0.6) (0.0) (0.0) (0.0) (0.5) (0.0) (0.0) (0.0) (0.4) (0.1) (0.1) (0.3) 0.0 0.0 (0.1) (0.3) (0.1) (0.0) (0.0) (0.1) (0.2) (0.0) (1.0) 0.2 (0.0) 0.3 (0.4) 0.0 (0.1) 0.1 (0.2) 0.0 0.0 0.3 (0.0) 0.7 0.7 (0.0) (0.0) 0.1 0.1 0.0 0.1 (0.0) 0.1 0.0 0.0 (0.2) 0.2 0.0 (0.1) 0.5 0.0 0.0 0.0 0.4 0.3 (0.0) (0.0) (0.3) 0.9 (1.7) (3.9) (0.7) (0.2) 3.8 0.3 0.5 (0.1) 0.8 (1.6) (1.3) (0.2) (1.9) (2.7) 6.7 3.1 (0.2) 0.0 0.7 2.4 (0.2) (0.3) (0.0) 0.0 (0.0) (0.0) 1.7 (0.4) (0.2) (0.4) 1.1 0.0 (0.1) (0.1) (1.3) (3.8) (0.2) 0.0 (0.3) (0.1) (2.0) (0.2) 0.7 (0.2) 0.3 0.4 0.0 0.1 0.4 (1.8) (5.3) 0.1 (2.1) (2.1) 7.3 1.8 0.1 0.0 0.1 (1.2) 0.1 0.2 (0.0) (0.5) 0.0 0.1 (0.1) (0.2) (0.1) 0.0 (0.3) 0.0 0.1 (0.0) (0.1) 2.2 0.0 (0.0) 0.0 (0.4) 2.0 (0.5) 0.3 0.2 (0.2) (0.9) (0.2) (0.1) (0.3) 1.6 4.6 0.1 2.3 1.9 (6.2) (1.3) (0.3) (0.1) 0.0 0.7 0.0 0.1 (0.0) 0.6 0.1 0.0 (0.2) 0.6 0.1 (0.0) 0.8 (0.0) (0.0) 0.1 0.7 0.3 0.0 1.39 2.24 3.01 2.75 3.03 3.99 3.37 3.00 2.01 5.19 4.39 0.92 4.99 7.06 0.52 4.27 2.47 10.08 4.24 3.80 0.70 0.24 3.76 0.21 1.10 0.40 2.90 0.20 0.50 2.56 20.60 0.39 0.11 1.85 1.80 0.38 0.12 4.18 2.40 0.45 1.38 2.24 2.95 2.78 3.05 3.98 3.42 3.02 2.05 5.10 4.32 0.91 4.98 7.08 0.51 4.30 2.44 9.99 4.23 3.86 0.70 0.24 3.72 0.19 1.08 0.38 2.92 0.20 0.49 2.60 20.76 0.40 0.10 1.83 1.78 0.38 0.12 4.40 2.36 0.44 1.38 2.21 2.95 2.78 3.04 3.89 3.40 3.00 2.01 5.10 4.38 0.92 4.93 7.08 0.51 4.35 2.42 9.97 4.20 3.90 0.70 0.23 3.70 0.19 1.05 0.38 2.90 0.20 0.49 2.55 21.80 0.40 0.10 1.79 1.78 0.37 0.12 4.90 2.36 0.42 1.38 2.24 2.94 2.84 3.04 3.92 3.41 2.99 2.03 5.15 4.41 0.90 4.96 7.07 0.51 4.32 2.40 9.89 4.22 3.90 0.70 0.23 3.70 0.19 1.09 0.38 2.92 0.20 0.48 2.57 22.54 0.38 0.10 1.79 1.82 0.39 0.12 5.13 2.35 0.41 1.38 2.24 2.91 3.04 3.00 3.90 3.43 2.98 2.02 5.10 4.36 0.92 4.92 7.07 0.51 4.31 2.42 9.78 4.20 3.90 0.71 0.22 3.69 0.18 1.08 0.38 2.90 0.20 0.48 2.58 22.56 0.39 0.11 1.82 1.81 0.38 0.12 5.18 2.34 0.40 0.00 0.00 (0.03) 0.20 (0.04) (0.02) 0.02 (0.01) (0.01) (0.05) (0.05) 0.02 (0.04) 0.00 0.00 (0.01) 0.02 (0.11) (0.02) 0.00 0.01 (0.01) (0.01) (0.01) (0.01) 0.00 (0.02) 0.01 (0.01) 0.01 0.02 0.01 0.00 0.03 (0.01) (0.01) 0.00 0.05 (0.01) (0.01) OUT OUT OUT IN OUT IN IN IN OUT OUT OUT IN OUT OUT IN IN OUT IN IN OUT OUT IN OUT IN IN OUT IN IN IN OUT IN OUT OUT IN IN IN IN 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
38. 2-Nov-20 Daily Money Flow of FBMKLCI Malaysia Chartist : Stephen Soo No Name 22-Oct Tel: +603-2167 9607 Total Money Flow (RM'mn) 23-Oct 26-Oct 27-Oct stsoo@ta.com.my 28-Oct 5D MF Total (A) Prv. Chg (B) Cur. Chg FBMKLCI 8.5 1.0 (5.4) (17.9) (4.1) (17.9) (12.5) 13.8 1 MAYBANK 2.4 0.3 0.7 (4.6) 0.0 (1.3) (5.3) 4.6 2 PBBANK (1.1) 2.0 0.3 (0.5) (2.0) (1.3) (0.8) 3 TENAGA (0.6) 0.0 (0.4) 6.9 0.7 6.7 7.3 4 CIMB (0.8) (1.2) (0.3) (0.5) (1.0) (3.9) (0.2) 5 PCHEM 0.3 (0.1) 0.2 (3.3) 0.0 (2.8) 6 IHH 0.0 (0.1) 0.2 0.2 0.0 0.5 7 AXIATA 0.2 0.2 (0.1) (2.0) (0.0) 8 MAXIS 0.2 0.2 (0.0) (1.8) www.taonline.com.my 22-Oct 23-Oct CLOSING PRICE 26-Oct 27-Oct (A+B) 28-Oct 1,499 1,495 1,495 1,500 1,495 7.06 7.08 7.08 7.07 7.07 (1.5) 15.56 15.84 15.70 15.72 (6.2) 10.08 9.99 9.97 9.89 (0.5) 3.03 3.05 3.04 (3.5) 3.3 5.85 5.95 0.0 (0.2) 5.19 5.10 (1.7) (2.0) 2.0 2.75 2.78 (0.2) (1.6) (1.8) 1.6 4.99 Chg DMF (5.15) IN 0.00 OUT 15.68 (0.04) OUT 9.78 (0.11) IN 3.04 3.00 (0.04) OUT 6.00 5.95 5.95 0.00 OUT 5.10 5.15 5.10 (0.05) OUT 2.78 2.84 3.04 0.20 IN 4.98 4.93 4.96 4.92 (0.04) OUT 9 HLBANK 0.1 (4.1) (0.2) 1.8 (0.7) (3.0) 2.0 (2.5) 15.00 14.98 14.98 14.96 14.96 0.00 OUT 10 SIME PLT (0.3) 0.2 0.1 4.8 0.1 4.9 4.7 (4.8) 4.93 4.89 4.97 4.87 4.85 (0.02) OUT 11 DIGI (0.0) 0.1 (0.8) (0.1) 0.2 (0.7) 0.7 0.3 3.99 3.98 3.89 3.92 3.90 (0.02) IN 12 NESTLE 0.6 (0.1) 0.2 (0.0) (0.1) 0.5 (0.2) (0.1) 144.50 141.30 142.00 141.70 140.60 (1.10) OUT 13 PETGAS (0.1) 0.6 0.1 3.7 (0.3) 3.9 3.6 (4.0) 16.24 16.10 16.10 16.02 15.98 (0.04) OUT 14 GENTING 2.2 0.6 0.2 0.5 0.3 3.8 0.3 (0.2) 3.00 3.02 3.00 2.99 2.98 (0.01) IN 15 MISC 0.8 0.2 0.3 (3.2) 0.2 (1.9) (3.5) 3.4 6.61 6.96 6.82 6.79 6.75 (0.04) OUT 16 IOI CORP (0.0) 0.1 (0.1) (0.0) (0.1) (0.1) 0.1 (0.1) 4.39 4.32 4.38 4.41 4.36 (0.05) OUT 17 GENM (0.3) 0.1 0.2 0.6 (0.4) 0.3 0.4 (0.9) 2.01 2.05 2.01 2.03 2.02 (0.01) OUT 18 KLK 0.3 (0.3) 0.2 (0.1) (0.1) (0.1) (0.3) 0.0 21.40 21.40 22.50 22.36 22.40 0.04 OUT 19 PETDAG (0.2) 0.0 (0.5) (0.2) (0.1) (0.9) 0.4 0.1 18.12 17.54 17.12 17.28 17.30 0.02 IN 20 HAP SENG 0.1 0.0 0.1 (0.0) 0.1 0.3 (0.1) 0.1 7.19 7.25 7.33 7.33 7.33 0.00 OUT 21 HLFG (0.6) 0.1 0.0 0.1 0.1 (0.3) 0.1 (0.1) 14.38 14.54 14.54 14.88 14.70 (0.18) IN 22 PPB (0.1) 0.1 0.3 5.1 0.3 5.7 4.9 (4.8) 19.10 19.00 19.10 19.08 19.20 0.12 IN 23 TOP GLOVE 3.1 1.1 (7.0) (15.6) (0.8) (19.1) (8.6) 14.8 8.90 8.70 8.70 8.91 8.78 (0.13) IN 24 RHBBANK 0.2 (0.4) 0.0 (2.0) 0.3 (1.9) (2.1) 2.3 4.27 4.30 4.35 4.32 4.31 (0.01) IN 25 PMETAL 1.6 (0.1) (0.1) (3.2) 0.9 (1.0) (3.1) 4.1 5.63 5.59 5.55 5.58 5.61 0.03 IN 26 SIME 0.3 (1.2) 0.1 (1.9) (0.0) (2.7) (2.1) 1.9 2.47 2.44 2.42 2.40 2.42 0.02 OUT 27 HARTALEGA 1.2 (1.1) 0.1 (3.8) (2.2) (5.7) (3.9) 1.5 17.80 17.32 17.68 18.28 18.02 (0.26) OUT 28 KLCCSS (0.0) 0.1 0.1 (0.1) 0.1 0.1 (0.2) 0.2 7.56 7.74 7.60 7.59 7.60 0.01 IN 29 DIALOG (1.2) 3.4 0.6 (0.6) 0.1 2.4 (1.2) 0.7 3.76 3.72 3.70 3.70 3.69 (0.01) OUT 30 TM 0.1 0.3 0.1 1.9 0.7 3.1 1.8 (1.3) 4.24 4.23 4.20 4.22 4.20 (0.02) IN 13.8 (5.3) 8.5 9.6 (8.7) 1.0 4.1 (9.5) (5.4) 25.7 (43.6) (17.9) 3.9 (8.0) (4.1) 57.2 (75.1) (17.9) 17 (13) 20 (10) 20 (10) 10 (20) 16 (14) (RM'mn) INFLOW OUTFLOW NET FLOW Daily Trading Participation COMPANIES INFLOW OUTFLOW Date Retail Institution Foreign Total 22-Oct 23-Oct 26-Oct 27-Oct 28-Oct 38.4% 42.8% 38.9% 35.3% 41.5% 40.9% 44.6% 49.9% 45.5% 45.0% 20.7% 12.6% 11.2% 19.2% 13.5% 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, November 02, 2020, 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
39. Technical View Monday , November 02, 2020 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 30 Ace Market Stocks Name Current Closing No Code 1 0177 PASUKGB [S] 48,865,004 0.050 2 0105 ASIAPLY [S] 178,469,916 0.395 3 0133 SANICHI [S] 94,247,614 0.050 4 0018 ACCSOFT 135,550,650 0.030 5 0095 XINGHE 154,193,716 0.185 216,500 6 0148 SUNZEN 55,520,292 0.145 300 7 0096 NEXGRAM [S] 94,349,779 0.035 Market Price (RM) Volume Price to Book EPS (RM) PE Ratio (%) Operating Return on 4Q19 1Q20 4Q19 1Q20 2018 2019 4Q19 1,477,700 0.45 0.20 -0.01 0.00 NA NA -44.55 -162.45 -6.88 2,655,200 0.40 0.20 0.00 0.00 NA NA -7.13 6,943,800 0.23 0.21 0.00 0.00 NA NA 178,877,100 0.68 0.21 0.00 0.00 13.33 8.33 0.29 0.23 -0.17 0.00 NA 0.61 0.24 -0.02 0.00 NA 86,764,600 0.25 0.25 -0.01 0.00 NA Revenue 1Q20 4Q19 1Q20 4Q19 Net Income 1Q20 2018 2019 -7.36 3.85 1.40 -7.27 -10.92 1.40 -4.33 -3.35 18.47 14.80 -2.86 -4.62 -44.61 1.11 -6.90 -5.07 12.53 9.37 -15.94 -20.53 34.08 -84.98 8.35 4.43 2.24 0.81 16.81 10.09 NA -6.17 6.71 -16.01 -16.44 78.20 2.24 -23.59 -101.42 NA -45.09 -15.01 -11.78 -13.29 41.91 21.34 -6.94 -16.25 NA -118.52 -8.63 -8.16 15.73 12.00 -61.58 -21.01 9.55 8 0036 KGROUP [S] 54,443,427 0.055 79,546,900 0.32 0.26 0.00 -0.01 NA NA -13.29 -44.77 -6.84 -7.06 14.18 6.60 -9.60 -6.98 9 0160 HHHCORP [S] 32,918,833 0.100 2,144,500 0.48 0.27 0.00 0.00 14.66 18.42 3.90 0.75 13.28 11.89 1.94 1.90 10 0174 IDMENSN [S] 16,317,731 11 0154 0.065 180,000 0.35 0.28 -0.03 0.00 NA NA -362.03 9.19 -48.69 -50.67 3.96 2.07 -17.61 -16.95 0.020 49,672,400 0.43 0.29 -0.01 0.00 NA NA NA 10.16 -28.39 -23.79 NA 8.49 -7.90 -50.53 3.62 -5.63 -8.75 1.94 -5.32 -7.48 177,532,620 AT [S] 166,985,645 0.100 12,244,700 0.41 0.31 -0.01 0.00 NA NA -145.31 -52.31 -10.33 -11.39 4.53 MQTECH [S] 75,236,669 0.120 26,339,100 0.35 0.33 -0.01 0.00 NA NA -217.08 -38.34 -14.22 -14.23 1.81 12 0072 0070 14 0024 15 0107 16 0085 MLAB [S] 62,489,571 0.020 17 0165 XOX [S] 233,810,397 0.100 18 0039 GFM 93,512,363 0.170 19 0179 0150 21 0170 22 0156 2.20 EAH [S] 13 20 5.70 107,358,366 0.155 1,351,000 0.42 0.36 0.00 0.00 50.00 NA 4.35 4.63 -6.13 -2.18 36.09 37.40 1.85 -11.91 EDUSPEC [S] 79,115,035 JAG [S] 0.020 29,712,800 NA 0.44 NA 0.00 NA NA NA 21.39 NA NA NA 5.97 -48.19 NA 4,246,900 0.44 0.45 0.00 0.00 NA NA 0.20 6.53 -3.89 -5.34 413,861,800 0.36 0.47 0.00 0.00 NA NA 0.62 1.03 -0.31 NA 74.10 65.16 -6.28 -0.50 0.49 0.00 0.00 24.86 23.02 25.66 30.12 1.14 0.32 24.29 31.08 7.64 5.95 19.85 -76.70 4.46 1.04 19.88 6.53 11.57 8.32 -1,464.09 251.31 -21.78 8.94 0.52 9.69 43.44 -40.02 BIOHLDG [S] 155,611,040 903,800 1.30 -1,155.72 -17.29 -10.99 -9.08 0.230 67,046,700 0.96 0.54 0.00 -0.01 14.89 19.07 119,271,394 0.085 66,982,800 0.32 0.54 -0.02 0.04 1.07 NA KANGER [S] 123,525,466 0.155 1,859,200 0.61 0.55 0.01 0.00 NA 10.96 36.60 1.43 15.69 11.26 -1.71 6.85 0.140 2,728,800 0.88 0.56 0.00 -0.01 NA NA -27.93 -173.45 -6.09 -10.40 4.39 3.05 -8.61 -5.48 FINTEC MPAY 71,046,558 MTOUCHE [S] 58,319,520 -36.76 3.98 23 0092 0.050 47,055,200 0.44 0.60 0.01 0.00 26.32 NA 31.26 26.73 -22.33 -18.84 16.49 4.61 1.39 -20.60 24 0161 SCH [S] 47,218,496 0.090 50,000 0.71 0.61 0.00 0.00 NA 10.58 10.68 2.81 3.54 3.48 25.12 32.76 -8.88 5.76 25 0189 MATANG 144,800,020 0.075 1,200,000 0.68 0.63 0.00 0.00 30.43 70.00 -0.04 6.93 0.97 0.80 2.30 2.08 26 0180 KTC [S] 110,597,749 0.130 485,200 0.73 0.68 0.01 0.00 NA 6.38 3.12 2.87 3.53 3.39 27 0079 ORION [S] 58,326,111 0.070 11,089,300 NA 0.72 0.00 0.00 NA 46.30 -1,023.29 -0.89 1.49 0.36 0.22 0.90 28 0100 ESCERAM 114,308,353 0.560 1,701,300 0.61 0.75 0.00 0.01 10.90 10.82 1.44 2.51 9.38 8.75 0.23 0.79 29 0103 MNC 63,128,377 0.040 3,076,000 NA 0.78 0.00 0.00 NA NA NA -22.76 NA NA 1.32 4.81 -3.35 -3.45 30 0035 OPCOM [S] 59,662,477 0.315 354,500 1.21 0.82 0.00 -0.01 9.02 237.50 -10.31 -17.09 0.37 -0.98 15.85 11.86 6.68 0.45 181.82 35.53 165.54 157.31 4.09 1.83 -8.13 12.39 -0.53 1.65 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 1Q2020 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
40. Support & Resistance – Ace Market No. Stock Stock Code Name Stop-loss Support 2 Support 1Current price Resistance 1 Resistance 2 Resistance 3 Reward SL S2 S1 23/Oct R1 R2 R3 Ratio 1 0177 PASUKGB [S] 0.01 0.02 0.04 0.050 0.08 0.10 0.12 3.00 2 0105 ASIAPLY [S] 0.25 0.31 0.38 0.445 0.53 0.60 0.73 3 0133 SANICHI [S] 0.02 0.03 0.04 0.050 0.08 0.09 0.10 4 0018 LAMBO 0.01 0.02 0.02 0.030 0.06 0.08 5 0095 XINGHE 0.14 0.16 0.18 0.200 0.25 6 0148 SUNZEN 0.07 0.09 0.13 0.160 7 0096 NEXGRAM [S] 0.01 0.02 0.03 8 0036 KGROUP [S] 0.01 0.03 9 0160 HHHCORP [S] 0.06 0.08 10 0174 IDMENSN [S] 0.02 11 0154 EAH [S] 12 0072 13 RSI Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 35.23 74.558 10.729 31.455 16.7 25.6 1.31 46.56 22.482 26.861 16.899 20.0 29.9 3.00 39.64 1.672 8.098 6.322 0.0 33.3 0.10 3.00 45.27 33.3 33.3 0.29 0.33 2.50 35.34 0.724 0.625 0.545 66.7 50.0 0.24 0.29 0.35 2.67 46.30 4.624 2.531 2.983 0.0 8.3 0.040 0.07 0.08 0.09 3.00 46.59 27.422 4.333 13.575 33.3 44.4 0.05 0.055 0.09 0.10 0.12 7.00 42.00 30.246 50.364 39.470 16.7 38.6 0.09 0.100 0.13 0.16 0.18 3.00 45.00 1.577 1.580 1.090 25.0 19.4 0.04 0.05 0.065 0.11 0.13 0.16 3.00 38.14 5.734 1.682 3.139 0.0 33.3 0.01 0.01 0.01 0.020 0.04 0.06 0.07 2.00 43.98 0.650 2.189 8.786 0.0 33.3 AT [S] 0.04 0.05 0.06 0.080 0.11 0.13 0.15 1.50 49.93 37.5 41.7 0070 MQTECH [S] 0.08 0.10 0.12 0.120 0.19 0.24 0.30 NA 41.87 15.968 42.349 27.778 0.0 17.3 14 0024 JAG [S] 0.12 0.14 0.16 0.165 0.21 0.25 0.28 9.00 43.69 11.438 4.205 2.378 25.0 62.5 15 0107 EDUSPEC [S] 0.01 0.01 0.02 0.020 0.05 0.07 0.09 6.00 44.17 6.245 31.004 19.512 50.0 66.7 16 0085 MLAB [S] 0.01 0.02 0.02 0.020 0.04 0.05 0.06 NA 36.20 58.490 10.0 10.7 17 0165 XOX [S] 0.06 0.08 0.10 0.105 0.16 0.18 0.20 11.00 30.50 63.731 18 0039 GFM 0.10 0.13 0.15 0.175 0.23 0.28 0.34 2.20 48.07 5.022 6.449 19 0179 BIOHLDG [S] 0.16 0.19 0.22 0.240 0.30 0.32 0.35 3.00 44.05 14.532 20 0150 FINTEC 0.05 0.07 0.08 0.095 0.12 0.15 0.18 1.67 45.69 21.352 21 0170 KANGER [S] 0.10 0.12 0.15 0.175 0.26 0.29 0.32 3.40 42.13 52.246 22 0156 MPAY 0.08 0.10 0.12 0.150 0.20 0.22 0.24 1.67 48.43 5.432 6.269 23 0092 MTOUCHE [S] 0.02 0.03 0.04 0.055 0.07 0.08 0.09 1.00 42.15 8.064 24 0161 SCH [S] 0.04 0.06 0.08 0.100 0.13 0.15 0.18 1.50 47.54 25 0189 MATANG 0.05 0.06 0.07 0.080 0.10 0.11 0.12 2.00 26 0180 KTC [S] 0.11 0.12 0.13 0.145 0.17 0.19 0.21 27 0079 ORION [S] 0.04 0.05 0.06 0.075 0.11 0.13 28 0100 ESCERAM 0.50 0.58 0.70 0.715 0.87 29 0103 MNC 0.01 0.02 0.03 0.040 30 0035 OPCOM [S] 0.20 0.25 0.32 0.340 No. Stock Stock Code Name SL S2 S1 30/Oct R1 R2 R3 Ratio 1 0177 PASUKGB [S] 0.01 0.02 0.03 0.050 0.08 0.10 0.12 1.50 2 0105 ASIAPLY [S] 0.25 0.31 0.38 0.395 0.53 0.60 0.73 3 0133 SANICHI [S] 0.02 0.03 0.04 0.050 0.08 0.09 0.10 4 0018 LAMBO 0.01 0.02 0.02 0.030 0.06 0.08 5 0095 XINGHE 0.12 0.14 0.16 0.185 0.25 6 0148 SUNZEN 0.07 0.09 0.13 0.145 7 0096 NEXGRAM [S] 0.01 0.02 0.03 8 0036 KGROUP [S] 0.01 0.03 9 0160 HHHCORP [S] 0.06 10 0174 IDMENSN [S] 11 0154 12 186.128 448.999 131.927 188.858 297.964 142.574 193.318 192.796 0.0 0.0 4.107 20.0 26.7 31.021 21.486 11.1 41.6 38.302 35.256 40.0 40.0 0.0 11.1 2.557 14.3 58.9 40.286 46.264 50.0 33.3 19.749 13.993 5.571 25.0 58.3 49.15 0.360 1.059 1.200 50.0 50.0 1.67 45.67 0.872 0.487 0.717 50.0 27.8 0.15 2.33 42.97 2.196 5.908 5.162 33.3 55.6 1.00 1.10 10.33 37.74 73.351 33.219 31.849 17.6 18.9 0.06 0.07 0.08 2.00 38.68 1.861 5.288 18.594 0.0 16.7 0.45 0.53 0.60 5.50 34.50 0.269 0.263 0.325 0.0 4.8 Stop-loss Support 2 Support 1Current price Resistance 1 Resistance 2 Resistance 3 Reward RSI 103.810 148.648 102.512 151.267 Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 35.23 3.641 25.743 26.662 20.0 20.0 9.00 37.68 32.728 16.533 19.697 4.3 23.7 3.00 39.64 2.905 15.864 8.518 33.3 33.3 0.10 3.00 46.95 8.130 33.3 33.3 0.29 0.33 2.60 25.09 1.952 0.724 0.576 33.3 30.6 0.24 0.29 0.35 6.33 38.41 3.139 2.037 3.008 14.3 18.1 0.035 0.07 0.08 0.09 7.00 40.83 7.068 9.409 12.977 0.0 11.1 0.05 0.055 0.09 0.10 0.12 7.00 42.00 19.186 42.696 37.877 20.0 18.9 0.08 0.09 0.100 0.13 0.16 0.18 3.00 45.00 0.330 0.819 1.081 25.0 25.0 0.02 0.04 0.05 0.065 0.11 0.13 0.16 3.00 39.67 2.896 1.999 1.944 0.0 11.1 EAH [S] 0.01 0.01 0.01 0.020 0.04 0.06 0.07 2.00 43.98 1.409 8.540 7.225 50.0 50.0 0072 AT [S] 0.04 0.05 0.06 0.100 0.11 0.13 0.15 0.25 63.70 87.5 75.0 13 0070 MQTECH [S] 0.06 0.08 0.10 0.120 0.16 0.19 0.24 2.00 42.29 20.515 11.742 26.358 11.1 7.9 14 0024 JAG [S] 0.10 0.12 0.14 0.155 0.21 0.25 0.28 3.67 39.86 1.608 5.775 2.690 0.0 12.5 15 0107 EDUSPEC [S] 0.01 0.01 0.02 0.020 0.05 0.07 0.09 6.00 44.17 2.336 4.840 16.948 50.0 50.0 16 0085 MLAB [S] 0.01 0.01 0.01 0.020 0.04 0.05 0.06 2.00 36.20 10.287 96.863 69.874 10.0 10.0 17 0165 XOX [S] 0.06 0.08 0.10 0.100 0.16 0.18 0.20 NA 28.43 25.430 48.288 106.223 0.0 11.1 18 0039 GFM 0.10 0.13 0.15 0.170 0.23 0.28 0.34 3.00 44.93 6.267 2.496 4.007 16.7 12.2 19 0179 BIOHLDG [S] 0.16 0.19 0.22 0.230 0.30 0.32 0.35 7.00 40.35 11.180 7.529 20.771 0.0 11.1 20 0150 FINTEC 0.05 0.07 0.08 0.085 0.12 0.15 0.18 7.00 38.00 8.039 14.525 27.484 0.0 13.3 21 0170 KANGER [S] 0.10 0.12 0.14 0.155 0.19 0.22 0.26 2.33 36.55 48.369 83.766 132.124 7.7 11.4 22 0156 MPAY 0.08 0.10 0.12 0.140 0.20 0.22 0.24 3.00 42.55 3.919 3.715 2.758 11.1 8.5 23 0092 MTOUCHE [S] 0.02 0.03 0.04 0.050 0.07 0.08 0.09 2.00 41.73 5.825 23.280 37.662 33.3 27.8 24 0161 SCH [S] 0.04 0.06 0.08 0.090 0.13 0.15 0.18 4.00 40.32 4.120 7.421 6.824 0.0 20.0 25 0189 MATANG 0.05 0.06 0.07 0.075 0.10 0.11 0.12 5.00 42.36 0.450 0.845 1.059 0.0 33.3 26 0180 KTC [S] 0.10 0.11 0.12 0.130 0.16 0.18 0.19 3.00 29.17 0.656 1.107 0.872 20.0 6.7 27 0079 ORION [S] 0.04 0.05 0.06 0.070 0.11 0.13 0.15 4.00 39.84 7.625 2.662 4.216 0.0 11.1 28 0100 ESCERAM 0.30 0.40 0.50 0.560 0.70 0.87 1.00 2.33 32.25 28.691 47.300 41.783 4.9 8.1 29 0103 MNC 0.01 0.02 0.03 0.040 0.06 0.07 0.08 2.00 41.39 2.538 5.506 11.861 33.3 22.2 30 0035 OPCOM [S] 0.20 0.25 0.30 0.315 0.39 0.45 0.53 5.00 22.81 0.376 0.235 0.335 0.0 6.7 134.705 129.372 293.519 169.671 173.130 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
41. 3131 Technical View Monday , November 02, 2020 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 list 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 25 Small Cap Stocks Current Closing No Code Name 1 6807 PUNCAK [S] 96,158,268 0.200 2 5256 REACH [S] 3 5187 4 Market Cap Price Volume Price to Book EPS (RM) PE Ratio (%) Operating Margin Return on Revenue Net Income 4Q19 1Q20 4Q19 1Q20 2018 2019 4Q19 1Q20 4Q19 1Q20 4Q19 1Q20 2018 2019 0.11 0.05 -0.02 -0.01 NA NA 7.22 16.78 93,195,020 0.070 18,013,200 0.38 0.08 -0.08 0.00 NA NA -331.98 -198.58 -8.08 -6.93 37.76 22.68 -41.73 -128.40 HBGLOB 58,500,000 0.135 2,871,100 0.15 0.09 0.01 -0.02 2.33 3.07 17.92 -66.70 3.48 5101 EVERGRN [S] 173,396,175 0.250 5,842,000 0.20 0.11 -0.02 -0.01 18.13 NA -3.84 -4.70 -2.65 -2.79 240.80 227.41 16.35 -41.96 5 5657 PARKSON [S] 90,712,540 0.115 1,621,500 0.14 0.12 -0.04 -0.04 NA NA 5.12 4.87 -1.48 -1.28 953.49 887.45 -99.44 -129.18 6 8702 TEXCHEM 68,725,376 0.680 452,000 0.31 0.13 -0.01 -0.06 NA NA 3.67 -0.68 -1.08 -2.52 289.80 251.70 -6.10 -6.90 7 4251 IBHD [S] 178,549,859 0.170 310,000 0.24 0.14 0.00 0.00 6.86 10.12 27.63 6.30 1.44 1.15 8 3778 MELEWAR [S] 73,680,629 0.190 299,700 0.13 0.14 0.12 0.00 NA 1.33 33.08 1.36 4.07 4.54 152.16 183.99 -0.67 30.76 9 5098 MASTEEL [S] 137,365,665 0.280 187,000 0.26 0.14 0.00 -0.01 24.37 NA 1.87 -2.54 -0.57 -0.26 349.86 397.64 6.71 -8.33 10 5202 MSM [S] 418,273,100 0.480 405,100 0.37 0.15 -0.06 -0.05 48.90 NA -3.03 -2.84 -9.03 -9.93 516.04 510.84 35.66 -299.77 11 5038 KSL [S] 584,899,199 0.460 179,000 0.25 0.15 0.10 0.01 3.23 3.07 51.24 21.01 7.47 6.95 260.17 80.29 223.23 249.91 12 5205 SENDAI [S] 206,964,735 0.200 220,500 0.35 0.15 -0.01 -0.01 10.43 23.24 6.23 -1.54 0.41 -0.22 365.82 228.50 46.66 13.50 13 9342 ANZO [S] 107,031,715 0.080 14,485,100 0.22 0.15 0.00 0.00 14 7028 ZECON [S] 75,662,173 0.405 15 4243 WTK [S] 210,871,105 16 8893 MKLAND [S] 17 7073 18 175,500 -1.84 -1.41 142.32 110.33 -169.66 -57.22 -0.65 48.69 14.58 18.33 16.83 47.16 28.70 58.79 25.78 NA NA -54.53 -40.11 -2.21 -2.32 1.72 83,600 0.16 0.16 -0.09 0.20 4.11 NA -40.41 78.26 169.90 13.23 -20.97 0.395 860,100 0.28 0.17 -0.16 -0.04 NA -39.63 -15.74 -7.86 -9.22 137.07 108.34 81.20 -111.27 132,504,854 0.125 2,109,100 0.18 0.17 0.00 0.00 10.00 36.00 65.90 SEACERA [S] 122,761,040 0.240 422,900 NA NA 62.54 -833.14 -15.48 -5.42 9679 WCT [S] 663,025,194 0.365 2,247,300 0.39 0.17 0.01 0.00 8.73 NA 18.45 14.57 19 4235 LIONIND [S] 200,840,149 0.250 1,931,700 0.22 0.17 -0.09 -0.16 3.39 NA -5.37 -12.14 -5.24 -9.80 745.95 656.40 172.92 -157.25 20 7164 KNM [S] 571,127,759 0.150 20,963,500 0.53 0.18 0.00 0.01 NA 20.49 9.52 9.29 21 5115 ALAM [S] 105,815,004 0.075 5,138,400 0.41 0.19 -0.07 -0.02 NA NA -69.76 -20.23 -12.48 NA 22 3395 BJCORP 877,378,415 0.190 1,423,600 0.20 0.19 NA -0.01 NA NA NA 2.71 NA NA 23 5843 KPS [S] 266,005,575 0.700 128,000 0.39 0.19 0.03 0.01 NA 14.00 9.16 5.91 1.21 1.33 297.22 234.39 -205.55 26.88 24 5932 BPURI 57,246,683 0.080 1,700,500 0.26 0.20 0.00 0.00 116.67 NA 11.67 11.43 NA NA 170.05 89.55 0.52 -0.55 25 2194 404,300 21.58 18.69 0.99 0.98 1,092.63 1,086.83 220.08 255.17 MMCCORP [S] 2,192,442,157 0.720 0.24 0.17 0.00 -0.01 NA 0.32 0.20 0.02 0.02 11.53 11.73 26.05 4.40 -1.63 0.39 1.02 1.23 1.28 0.34 2.22 -4.93 -3.46 25.10 54.51 27.32 6.37 0.33 0.69 -43.13 -5.86 0.75 461.04 363.08 107.86 -27.32 1.30 457.85 336.56 -774.82 45.53 98.06 104.43 -170.94 -79.48 NA 2,071.05 -357.87 NA Source: Bloomberg This list is sorted first by the lowest price-to-book ratio from the Main Market which had reported 1Q2020 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
42. 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 23/Oct R1 R2 R3 Ratio RSI Volume (mn Shares) 1 6807 PUNCAK [S] 0.13 0.16 0.19 0.210 0.24 0.28 0.32 1.50 55.11 3.420 2 5256 REACH [S] 0.03 0.05 0.07 0.075 0.10 0.13 0.15 5.00 44.59 1.257 0.960 1.712 0.0 0.0 3 5187 HBGLOB 0.09 0.11 0.13 0.150 0.18 0.20 0.22 1.50 49.02 6.986 19.261 10.769 40.0 60.0 4 5101 EVERGRN [S] 0.14 0.18 0.20 0.265 0.32 0.37 0.40 0.85 47.46 11.704 6.966 11.880 0.0 22.2 5 5657 PARKSON [S] 0.06 0.08 0.10 0.120 0.20 0.25 0.30 4.00 45.62 19.359 35.237 48.842 8.3 6.5 6 8702 TEXCHEM 0.36 0.47 0.56 0.640 0.75 0.92 1.09 1.38 56.12 0.232 0.558 0.324 42.3 51.8 7 4251 IBHD [S] 0.12 0.14 0.16 0.170 0.23 0.27 0.31 6.00 38.92 1.128 0.854 0.608 0.0 25.0 8 3778 MELEWAR [S] 0.12 0.14 0.16 0.205 0.27 0.31 0.38 1.44 46.90 0.807 0.661 0.386 20.0 25.7 9 5098 MASTEEL [S] 0.20 0.23 0.25 0.285 0.39 0.45 0.53 3.00 46.29 0.299 0.604 0.330 25.0 33.3 10 5202 MSM [S] 0.35 0.40 0.45 0.485 0.60 0.69 0.80 3.29 45.04 1.781 3.237 1.151 13.0 46.0 today 5d-avg 20d-avg 3.673 1.102 Stochastics %K %D 37.5 45.8 11 5038 KSL [S] 0.40 0.43 0.46 0.490 0.60 0.66 0.72 3.67 36.56 0.889 2.509 1.005 27.3 30.3 12 5205 SENDAI [S] 0.14 0.17 0.20 0.215 0.27 0.30 0.30 3.67 33.14 7.613 0.815 1.520 7.7 11.7 13 9342 ANZO [S] 0.03 0.05 0.07 0.085 0.16 0.20 0.26 5.00 42.12 3.387 16.316 9.900 0.0 11.1 14 7028 ZECON [S] 0.28 0.36 0.42 0.455 0.55 0.60 0.70 2.71 51.05 0.501 1.573 0.428 57.9 51.8 15 4243 WTK [S] 0.26 0.30 0.36 0.430 0.47 0.53 0.58 0.57 39.63 0.391 0.470 0.721 16.7 27.8 16 8893 MKLAND [S] 0.08 0.10 0.12 0.130 0.17 0.19 0.22 4.00 42.34 0.349 0.528 0.963 0.0 33.3 17 7073 SEACERA [S] 0.18 0.20 0.22 0.240 0.29 0.34 0.40 2.50 31.94 0.057 0.067 0.190 25.0 50.0 18 9679 WCT [S] 0.24 0.30 0.35 0.375 0.47 0.61 0.72 3.80 36.92 6.510 3.589 3.271 0.0 20.0 19 4235 LIONIND [S] 0.14 0.20 0.23 0.265 0.30 0.34 0.39 1.00 46.95 3.149 4.948 2.275 25.0 45.8 20 7164 KNM [S] 0.10 0.13 0.15 0.170 0.23 0.28 0.32 3.00 32.20 15.861 16.031 23.403 0.0 13.3 21 5115 ALAM [S] 0.03 0.05 0.07 0.080 0.14 0.16 0.20 6.00 43.39 5.772 2.930 4.476 0.0 16.7 22 3395 BJCORP 0.13 0.15 0.17 0.190 0.23 0.26 0.29 2.00 52.87 13.333 3.676 3.220 66.7 47.2 23 5843 KPS [S] 0.52 0.59 0.66 0.730 0.91 0.99 1.05 2.57 46.24 0.414 0.925 1.410 21.1 24.7 24 5932 BPURI 0.05 0.06 0.07 0.080 0.12 0.14 0.16 4.00 45.46 5.099 11.656 21.569 0.0 28.9 25 2194 MMCCORP [S] 0.45 0.55 0.64 0.760 0.85 0.94 1.06 0.75 60.89 15.702 3.141 1.401 41.2 42.5 No. Stock Stock Code Name SL S2 S1 30/Oct R1 R2 R3 Ratio 1 6807 PUNCAK [S] 0.13 0.16 0.19 0.200 0.24 0.28 0.32 4.00 45.77 1.095 1.550 2 5256 REACH [S] 0.01 0.03 0.05 0.070 0.10 0.13 0.15 1.50 39.00 4.548 3 5187 HBGLOB 0.09 0.11 0.13 0.135 0.18 0.20 0.22 9.00 42.67 3.549 4 5101 EVERGRN [S] 0.14 0.18 0.20 0.250 0.32 0.37 0.40 1.40 40.94 7.118 5 5657 PARKSON [S] 0.06 0.08 0.10 0.115 0.16 0.20 0.25 3.00 44.71 8.262 6 8702 TEXCHEM 0.36 0.47 0.56 0.680 0.75 0.92 1.09 0.58 57.14 2.933 7 4251 IBHD [S] 0.12 0.14 0.16 0.170 0.23 0.27 0.31 6.00 38.92 8 3778 MELEWAR [S] 0.12 0.14 0.16 0.190 0.27 0.31 0.38 2.67 39.29 9 5098 MASTEEL [S] 0.20 0.23 0.25 0.280 0.39 0.45 0.53 3.67 43.08 Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward RSI Volume (mn Shares) today 5d-avg 20d-avg Stochastics %K %D 1.276 12.5 25.0 1.903 1.836 0.0 0.0 5.009 8.575 0.0 14.8 6.142 8.739 10.0 20.0 16.085 42.236 16.7 5.6 5.535 1.684 33.3 61.1 0.528 1.004 0.734 0.0 0.0 0.225 0.333 0.370 0.0 0.0 0.396 0.195 0.338 12.5 25.0 16.7 10 5202 MSM [S] 0.35 0.40 0.45 0.480 0.60 0.69 0.80 4.00 44.85 0.367 1.035 1.231 12.5 11 5038 KSL [S] 0.35 0.40 0.43 0.460 0.60 0.66 0.72 4.67 24.52 0.953 0.926 1.056 0.0 3.0 12 5205 SENDAI [S] 0.12 0.14 0.17 0.200 0.24 0.27 0.30 1.33 30.20 0.556 2.878 2.067 11.1 21.5 13 9342 ANZO [S] 0.03 0.05 0.07 0.080 0.14 0.16 0.20 6.00 37.37 4.464 5.716 9.291 0.0 22.2 14 7028 ZECON [S] 0.22 0.28 0.36 0.405 0.49 0.55 0.60 1.89 40.20 0.343 1.172 0.491 5.3 22.8 15 4243 WTK [S] 0.26 0.30 0.36 0.395 0.47 0.53 0.58 2.14 26.09 1.628 0.513 0.652 0.0 20.6 16 8893 MKLAND [S] 0.08 0.10 0.12 0.125 0.17 0.19 0.22 9.00 38.41 1.559 0.522 0.813 0.0 33.3 17 7073 SEACERA [S] 0.18 0.20 0.22 0.240 0.29 0.34 0.40 2.50 34.37 0.069 0.084 0.112 40.0 50.0 18 9679 WCT [S] 0.24 0.30 0.35 0.365 0.47 0.61 0.72 7.00 35.15 2.814 4.212 3.412 14.3 11.4 19 4235 LIONIND [S] 0.14 0.20 0.23 0.250 0.30 0.34 0.39 2.50 39.50 2.288 2.630 2.373 0.0 8.3 20 7164 KNM [S] 0.08 0.10 0.13 0.150 0.19 0.23 0.28 2.00 21.42 40.500 15.544 19.545 12.5 9.7 21 5115 ALAM [S] 0.03 0.05 0.07 0.075 0.12 0.14 0.16 9.00 40.17 9.268 3.437 4.464 0.0 11.1 22 3395 BJCORP 0.13 0.15 0.17 0.190 0.23 0.26 0.29 2.00 52.87 44.918 12.504 5.607 66.7 66.7 23 5843 KPS [S] 0.52 0.59 0.66 0.700 0.91 0.99 1.05 5.25 40.90 0.483 0.330 1.147 12.5 8.2 24 5932 BPURI 0.05 0.06 0.07 0.080 0.12 0.14 0.16 4.00 45.46 8.115 5.234 20.926 0.0 0.0 25 2194 MMCCORP [S] 0.45 0.55 0.64 0.720 0.85 0.94 1.06 1.63 41.36 3.298 5.916 2.283 5.3 15.5 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
43. Technical View Monday , November 02, 2020 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Stock Screen Malaysia End Day Census of 30.10.2020 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 Stock Name Price Bollinger Band RSI 1 MALAYSIAN PACIFIC INDUSTRIES 22.00 Lower 17.90 2 THONG GUAN INDUSTRIES BHD 3 GLOBETRONICS TECHNOLOGY BHD 2.98 2.85 2.42 2.50 2.87 2.78 3.32 3.05 Moving Average Middle 20.22 Upper 22.53 14-day 71.18 5-day 21.65 10-day 20.90 30-day 19.37 50-day 18.19 60.06 54.83 3.10 2.91 3.06 2.89 2.73 2.74 2.68 2.76 Vol 20-day avg vol 606,900 294,195 3,020,800 3,787,800 1,274,280 2,204,610 4 BRITISH AMERICAN TOBACCO BHD 10.10 9.86 10.06 10.27 52.31 9.92 10.02 10.04 10.10 853,500 260,570 5 HAP SENG CONSOLIDATED 6 HO WAH GENTING BHD 7.33 0.76 7.03 0.52 7.26 0.71 7.49 0.89 51.99 52.20 7.29 0.74 7.26 0.77 7.19 0.68 7.39 0.79 836,600 92,875,700 227,985 26,249,400 7 AXIATA GROUP BERHAD 8 PIE INDUSTRIAL BHD 2.93 1.71 2.65 1.41 2.85 1.62 3.06 1.83 52.36 56.89 2.84 1.72 2.78 1.69 2.91 1.57 2.98 1.57 6,452,000 1,956,700 3,250,750 1,313,230 9 UNITED MALACCA BHD 4.75 4.52 4.68 4.84 55.07 4.73 4.70 4.69 4.66 31,300 12,780 10 GETS GLOBAL BHD 11 SKB SHUTTERS CORP BHD 0.99 0.58 0.68 0.36 0.88 0.51 1.07 0.66 61.67 58.04 0.97 0.50 0.94 0.52 0.85 0.48 0.74 0.47 8,405,700 20,000 5,705,310 6,300 12 CHEMICAL CO OF MALAYSIA BHD 13 HOMERITZ CORP BHD 1.97 1.16 1.60 2.05 76.30 1.84 1.76 1.44 1.39 5,448,600 2,515,070 0.81 0.67 0.78 0.88 57.74 0.82 0.82 0.75 0.73 3,835,900 1,954,315 1.25 0.51 0.44 0.40 0.88 0.49 1.32 0.58 80.96 55.21 1.17 0.54 0.99 0.52 0.79 0.47 0.68 0.46 113,600 2,670,800 62,785 1,521,160 14 SHH RESOURCES HOLDINGS BHD 15 JIANKUN INTERNATIONAL BHD 16 TEXCHEM RESOURCES BERHAD 0.68 0.54 0.64 0.74 57.14 0.70 0.68 0.60 0.61 2,933,300 1,684,395 17 FORMOSA PROSONIC INDS BHD 1.58 1.47 1.56 1.64 54.10 1.60 1.59 1.54 1.53 836,700 419,660 18 TECHFAST HOLDINGS BHD 0.46 0.28 0.40 0.52 61.30 0.45 0.45 0.38 0.38 16,526,400 9,669,890 19 ORIENTAL INTEREST BHD 20 EONMETALL GROUP BHD 1.72 0.47 1.55 0.24 1.67 0.38 1.78 0.52 58.68 66.22 1.68 0.47 1.66 0.43 1.65 0.36 1.64 0.36 20,000 2,747,000 3,935 1,834,200 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
44. *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) Raw data sourced from Bloomberg Stock Name Price RSI Bollinger Band Moving Average Lower Middle Upper 14-day 5-day 10-day 30-day 50-day Vol 20-day avg vol 1 NATIONWIDE EXPRESS HOLDINGS 0.60 -0.06 0.17 0.40 82.91 0.25 0.18 0.13 0.12 71,944,000 3,459,180 2 RAPID SYNERGY BHD 6.25 5.45 5.83 6.22 79.54 6.01 5.91 5.65 5.65 82,300 71,950 3 CONCRETE ENGINEERING PRODS 0.56 0.42 0.48 0.54 66.95 0.50 0.48 0.49 0.53 48,200 6,555 4 K-STAR SPORTS LTD 0.44 0.15 0.28 0.41 88.48 0.35 0.31 0.24 0.20 27,666,200 38,074,540 5 INCH KENNETH KAJANG RUBBER 0.53 0.43 0.47 0.50 66.79 0.46 0.46 0.47 0.47 82,800 8,615 6 PLS PLANTATIONS BHD 0.94 0.84 0.88 0.92 70.13 0.86 0.87 0.87 0.81 20,317,700 237,735 7 HARBOUR-LINK GROUP BHD 0.55 0.42 0.47 0.53 70.32 0.51 0.48 0.47 0.47 3,695,500 285,370 8 ATRIUM REAL ESTATE INVESTMEN 1.12 1.06 1.08 1.11 71.51 1.08 1.08 1.08 1.07 141,800 67,670 9 PINEHILL PACIFIC BHD 0.37 0.26 0.31 0.36 67.33 0.32 0.31 0.30 0.31 2,441,600 676,410 10 ADVANCED PACKAGING TECH (M) 2.35 2.08 2.21 2.34 63.14 2.26 2.23 2.18 2.14 600 5,505 11 TPC PLUS BHD 0.30 0.24 0.27 0.29 61.30 0.26 0.26 0.26 0.26 45,400 31,220 12 QUALITY CONCRETE HLDGS BHD 0.92 0.75 0.83 0.91 63.24 0.87 0.84 0.82 0.92 1,000 1,700 13 ENG KAH CORP BHD 1.00 0.80 0.90 0.99 86.55 0.94 0.92 0.88 0.81 112,400 33,765 14 UNIMECH GROUP BHD 1.23 1.14 1.18 1.23 71.64 1.20 1.19 1.17 1.15 40,300 24,185 15 FREIGHT MANAGEMENT HOLDINGS 0.63 0.51 0.57 0.63 72.38 0.60 0.58 0.55 0.54 1,138,600 242,325 16 PINEAPPLE RESOURCES BHD 0.37 0.27 0.32 0.37 61.16 0.34 0.32 0.32 0.31 2,000 14,170 17 SAPURA INDUSTRIAL BHD 0.47 0.41 0.44 0.47 59.56 0.45 0.44 0.44 0.44 50,000 163,035 18 YNH PROPERTY BHD 2.81 2.73 2.77 2.81 56.90 2.76 2.76 2.76 2.76 58,700 51,795 19 LBI CAPITAL BHD 0.65 0.51 0.58 0.64 62.02 0.58 0.59 0.57 0.52 2,355,300 892,650 20 VIVOCOM INTERNATIONAL HOLDIN 0.05 0.04 0.05 0.05 61.90 0.05 0.05 0.04 0.04 121,782,500 22,210,300 *Note: As for the top 20 breakdown list below, the 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) Stock Name Price Bollinger Band RSI Lower Middle Upper 14-day Moving Average 5-day 10-day 30-day 50-day Vol 20-day avg vol 1 AEON CREDIT SERVICE M BHD 9.12 9.43 10.00 10.57 29.35 9.82 9.92 10.04 9.68 135,100 153,760 2 PUBLIC BANK BERHAD 15.08 15.35 15.79 16.23 33.55 15.70 15.79 15.79 16.10 8,339,200 2,415,905 3 DUTCH LADY MILK INDS BHD 34.58 34.83 37.37 39.90 9.65 35.94 36.72 38.06 38.52 14,700 8,370 4 SAM ENGINEERING & EQUIPMENT 6.25 6.42 6.72 7.02 19.31 6.61 6.70 6.76 6.81 19,900 19,935 5 SYARIKAT TAKAFUL MALAYSIA KE 4.23 4.40 4.78 5.15 16.65 4.59 4.73 4.86 4.89 595,600 345,500 6 TENAGA NASIONAL BHD 9.54 9.65 10.10 10.55 22.40 9.94 9.98 10.38 10.67 7,355,500 3,917,080 7 PANASONIC MANUFACTURING MALA 28.12 28.21 28.53 28.84 36.46 28.52 28.53 28.48 29.33 8,300 8,125 8 GUAN CHONG BHD 2.83 2.91 3.12 3.34 27.71 3.06 3.07 3.19 3.31 1,406,200 724,360 9 DUFU TECHNOLOGY CORP BHD 3.15 3.22 3.43 3.64 35.29 3.35 3.41 3.36 3.35 2,010,100 1,815,070 10 C.I. HOLDINGS BERHAD 1.41 1.48 1.62 1.75 28.08 1.60 1.62 1.60 1.54 30,900 54,995 11 LYSAGHT GALVANIZED STEEL BHD 1.84 1.91 2.00 2.09 28.65 1.98 2.00 2.06 2.08 6,400 6,355 12 SUNGEI BAGAN RUBBER (M) 2.65 2.70 2.78 2.86 38.14 2.73 2.77 2.71 2.62 5,000 2,260 13 ALLIANZ MALAYSIA BHD 13.18 13.23 13.63 14.03 30.84 13.41 13.54 13.67 13.61 44,500 41,810 14 BERJAYA SPORTS TOTO BHD 1.89 1.94 2.02 2.10 28.64 2.00 2.01 2.03 2.05 14,321,100 768,765 15 DIGI.COM BHD 3.77 3.82 4.00 4.19 30.92 3.94 3.96 4.02 4.07 5,969,600 1,924,220 16 FRONTKEN CORP BHD 3.50 3.55 3.66 3.78 40.71 3.69 3.69 3.60 3.61 5,509,900 3,522,125 17 HONG LEONG BANK BERHAD 14.80 14.84 14.99 15.14 39.18 14.98 14.98 14.97 14.85 736,400 690,445 18 HENGYUAN REFINING CO BHD 2.63 2.67 2.78 2.89 28.47 2.72 2.75 2.82 2.88 287,100 156,020 19 UMW HOLDINGS BHD 2.20 2.23 2.34 2.45 28.51 2.32 2.33 2.41 2.47 481,000 367,535 20 HSS ENGINEERS BHD 0.40 0.43 0.47 0.52 23.94 0.46 0.47 0.48 0.50 1,336,800 430,325 Raw data sourced from Bloomberg Page 2 of 3
45. *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 Lower Middle RSI Upper 14-day Moving Average 5-day 10-day 30-day 50-day Vol 20-day avg vol 1 K-STAR SPORTS LTD 0.44 0.15 0.28 0.41 88.48 0.35 0.31 0.24 0.20 27,666,200 2 ENG KAH CORP BHD 1.00 0.80 0.90 0.99 86.55 0.94 0.92 0.88 0.81 112,400 38,074,540 33,765 3 UNISEM (M) BERHAD 5.10 3.18 4.17 5.15 86.00 4.76 4.40 3.90 3.75 3,007,400 1,809,695 4 COMPUTER FORMS (MALAYSIA) BH 1.62 0.81 1.30 1.79 85.34 1.61 1.51 1.22 1.18 100 5,750 5 NATIONWIDE EXPRESS HOLDINGS 0.60 -0.06 0.17 0.40 82.91 0.25 0.18 0.13 0.12 71,944,000 3,459,180 6 SHH RESOURCES HOLDINGS BHD 1.25 0.44 0.88 1.32 80.96 1.17 0.99 0.79 0.68 113,600 62,785 7 RAPID SYNERGY BHD 6.25 5.45 5.83 6.22 79.54 6.01 5.91 5.65 5.65 82,300 71,950 8 CLASSIC SCENIC BHD 0.77 0.54 0.66 0.79 78.37 0.75 0.69 0.64 0.64 97,900 138,820 940,510 9 LEADER STEEL HOLDINGS BHD 0.44 0.19 0.32 0.45 78.28 0.39 0.35 0.30 0.30 1,775,600 10 AMANAH HARTA TANAH PNB 0.95 0.93 0.94 0.95 77.46 0.95 0.95 0.92 0.82 254,500 88,020 11 CHEMICAL CO OF MALAYSIA BHD 1.97 1.16 1.60 2.05 76.30 1.84 1.76 1.44 1.39 5,448,600 2,515,070 12 INTEGRATED LOGISTICS BHD 0.43 0.29 0.36 0.43 73.57 0.41 0.38 0.35 0.34 125,500 89,550 13 FREIGHT MANAGEMENT HOLDINGS 0.63 0.51 0.57 0.63 72.38 0.60 0.58 0.55 0.54 1,138,600 242,325 14 UNIMECH GROUP BHD 1.23 1.14 1.18 1.23 71.64 1.20 1.19 1.17 1.15 40,300 24,185 15 ATRIUM REAL ESTATE INVESTMEN 1.12 1.06 1.08 1.11 71.51 1.08 1.08 1.08 1.07 141,800 67,670 1,474,030 16 CHIN HIN GROUP BHD 17 MALAYSIAN PACIFIC INDUSTRIES 1.37 1.36 1.37 1.38 71.25 1.37 1.37 1.38 1.29 340,000 22.00 17.90 20.22 22.53 71.18 21.65 20.90 19.37 18.19 606,900 294,195 0.49 0.37 0.44 0.51 70.96 0.47 0.47 0.42 0.38 2,386,100 1,825,665 18 MIECO CHIPBOARD BERHAD 19 APOLLO FOOD HOLDINGS BHD 4.19 3.77 4.00 4.22 70.48 4.16 4.06 3.95 3.89 33,100 20,710 20 HARBOUR-LINK GROUP BHD 0.55 0.42 0.47 0.53 70.32 0.51 0.48 0.47 0.47 3,695,500 285,370 Raw data sourced from Bloomberg *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 YINSON HOLDINGS BHD 2 DUTCH LADY MILK INDS BHD 3 UZMA BHD 4 ECONPILE HOLDINGS BHD 5 SYARIKAT TAKAFUL MALAYSIA KE 6 DAYANG ENTERPRISE HLDGS BHD 7 PERDANA PETROLEUM BHD 8 SAM ENGINEERING & EQUIPMENT 9 MALAYSIAN RESOURCES CORP BHD 10 CARIMIN PETROLEUM BHD 11 KNM GROUP BHD Bollinger Band Lower Middle Moving Average RSI Upper 14-day 5-day 10-day 30-day 50-day Vol 20-day avg vol 4.58 4.29 5.11 5.93 6.84 4.62 4.83 5.37 5.69 719,300 34.58 34.83 37.37 39.90 9.65 35.94 36.72 38.06 38.52 14,700 1,889,245 8,370 0.39 0.40 0.43 0.47 13.05 0.42 0.43 0.45 0.49 1,195,900 966,995 2,675,570 0.33 0.34 0.43 0.51 15.47 0.38 0.40 0.45 0.51 6,562,100 4.23 4.40 4.78 5.15 16.65 4.59 4.73 4.86 4.89 595,600 345,500 0.75 0.77 0.87 0.97 16.70 0.82 0.84 0.93 1.01 6,506,200 4,557,855 5,391,785 0.12 0.13 0.14 0.16 17.29 0.13 0.14 0.15 0.16 9,308,900 6.25 6.42 6.72 7.02 19.31 6.61 6.70 6.76 6.81 19,900 19,935 0.38 0.36 0.43 0.49 19.96 0.39 0.40 0.45 0.47 4,657,900 5,438,525 0.46 0.47 0.51 0.54 21.13 0.49 0.50 0.53 0.57 712,600 617,115 0.15 0.16 0.17 0.19 21.42 0.17 0.17 0.18 0.20 40,499,700 19,544,920 0.40 0.41 0.43 0.46 21.47 0.42 0.43 0.44 0.46 1,255,100 1,074,200 0.67 0.67 0.72 0.76 21.49 0.69 0.71 0.73 0.75 858,000 748,050 14.68 14.59 15.12 15.65 21.53 14.84 14.93 15.50 15.80 27,600 23,910 0.39 0.40 0.44 0.47 21.57 0.42 0.44 0.45 0.47 1,053,700 462,750 16 TENAGA NASIONAL BHD 17 OPCOM HOLDINGS BHD 9.54 9.65 10.10 10.55 22.40 9.94 9.98 10.38 10.67 7,355,500 3,917,080 0.32 0.32 0.34 0.36 22.81 0.34 0.34 0.35 0.37 376,000 334,710 18 MUHIBBAH ENGINEERING (M) BHD 19 ECO WORLD INTERNATIONAL BHD 0.73 0.74 0.76 0.79 23.04 0.75 0.76 0.77 0.79 655,900 723,430 0.37 0.37 0.39 0.41 23.59 0.38 0.39 0.41 0.42 2,612,600 1,083,665 20 HSS ENGINEERS BHD 0.40 0.43 0.47 0.52 23.94 0.46 0.47 0.48 0.50 1,336,800 430,325 12 OCK GROUP BHD 13 PESTECH INTERNATIONAL BHD 14 AJINOMOTO MALAYSIA BHD 15 WAH SEONG CORP BHD Raw data sourced from Bloomberg 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, November 02, 2020, 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
46. Monday , 02 November, 2020 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. W e e k l y F ore i gn Te ch n i c al St o ck W at ch ( A US ) 2. W e e k l y F ore i gn Te ch n i c al St o ck W at ch ( HK ) 3. W e e k l y F ore i gn Te ch n i c al St o ck W at ch ( F SST I ) 4. W e e k l y F ore i gn Te ch n i c al St o ck 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
47. Technical View Monday , November 02, 2020 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Australia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my FORTESCUE METALS AUD17.37 BOLLINGER BANDS Upper Middle Lower AUD AUD AUD SIMPLE MOVING AVERAGES 17.14 16.66 16.18 10-day 30-day 50-day AUD AUD AUD SELL Recent Signal DMI BOLLINGER BANDS AUD AUD AUD BUY AUD14.81 AMCOR LTD 16.37 15.56 14.74 SIMPLE MOVING AVERAGES 10-day 30-day 50-day DMI Recent Signal 16.68 16.48 17.08 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my AUD AUD AUD 15.47 15.47 15.35 DAILY MACD SELL Recent Signal SELL Page 1 of 5
48. 2-Nov-20 COMPUTERSHARE LTD AUD12 .15 BOLLINGER BANDS Upper Middle Lower AUD AUD AUD SIMPLE MOVING AVERAGES 13.48 12.79 12.10 10-day 30-day 50-day AUD AUD AUD SELL Recent Signal DMI 12.71 12.61 12.73 DAILY MACD Recent Signal QANTAS AIRWAYS LTD SELL AUD4.19 BOLLINGER BANDS SIMPLE MOVING AVERAGES Upper AUD 4.57 10-day AUD 4.41 Middle Lower AUD AUD 4.34 4.12 30-day 50-day AUD AUD 4.22 4.10 BUY Recent Signal DMI Recent Signal DAILY MACD SELL Page 2 of 5
49. 2-Nov-20 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 Bollinger Bands Moving Averages DMI MACD DMI MACD Close RSI Change High Low Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent Signal 30-Oct 5927.60 -32.74 5986.60 5927.60 5877.83 6100.05 6322.27 40.92 6134.81 6027.67 6017.94 21.05 33.83 21.13 (12.78) 23.51 45.92 ##### SELL SELL BHP GROUP LTD 33.78 -0.23 34.30 33.73 34.55 35.94 37.34 33.20 35.67 36.28 36.80 17.73 41.06 16.18 (23.33) -0.54 -0.36 (0.173) SELL SELL RIO TINTO 92.43 1.47 92.93 91.84 91.66 95.18 98.70 33.03 94.19 95.84 97.36 17.29 41.33 22.13 (24.04) -1.40 -1.04 (0.360) SELL SELL COMMONW BK AUSTR 69.02 0.88 69.63 68.04 65.33 68.38 71.42 50.03 69.23 67.04 67.25 25.36 24.75 19.40 0.61 0.59 0.65 (0.065) BUY SELL WESTPAC BANKING 17.91 -0.04 18.10 17.88 17.10 18.30 19.50 47.65 18.55 17.79 17.56 28.24 26.73 20.93 1.51 0.28 0.36 (0.082) BUY SELL AUST AND NZ BANK 18.81 0.11 19.07 18.61 17.55 18.97 20.40 48.56 19.41 18.38 18.23 28.85 27.48 28.47 1.37 0.37 0.43 (0.058) BUY SELL NATL AUST BANK 18.60 0.00 18.86 18.59 17.92 18.94 19.96 48.07 19.22 18.48 18.12 26.02 26.09 21.92 (0.07) 0.29 0.38 (0.091) SELL SELL WESFARMERS 45.96 -0.07 46.23 45.45 44.76 46.81 48.85 44.13 47.18 46.18 46.48 19.71 26.45 15.32 (6.75) 0.19 0.33 (0.141) SELL SELL WOODSIDE PETRO 17.52 0.19 17.65 17.33 17.25 18.17 19.09 37.24 18.22 18.15 18.50 20.92 38.87 13.28 (17.94) -0.15 -0.10 (0.058) SELL SELL NEWCREST MINING 29.24 -0.18 29.37 28.88 29.79 31.11 32.43 32.36 31.03 31.29 31.56 17.01 36.43 14.18 (19.42) -0.39 -0.25 (0.147) SELL SELL FORTESCUE METALS 17.37 0.75 17.53 16.92 16.18 16.66 17.14 48.49 16.68 16.48 17.08 19.81 24.86 11.56 (5.06) -0.08 -0.08 0.002 SELL BUY QBE INSURANCE 8.25 0.00 8.31 8.24 8.29 8.89 9.48 32.61 8.69 8.84 9.29 18.81 38.77 21.70 (19.96) -0.20 -0.15 (0.046) SELL SELL ORIGIN ENERGY 4.00 -0.02 4.10 3.99 4.13 4.39 4.65 27.21 4.36 4.42 4.73 12.61 39.44 32.25 (26.83) -0.13 -0.12 (0.013) SELL SELL AMP 1.53 0.25 1.58 1.46 1.28 1.38 1.48 33.38 1.37 1.37 1.39 14.33 29.98 19.07 (15.65) -0.02 -0.01 (0.013) SELL SELL -0.03 4.88 4.70 4.77 5.07 5.37 37.92 5.11 5.07 5.20 23.74 32.14 16.18 (8.41) -0.04 -0.02 (0.014) SELL SELL SANTOS MACQUARIE GROUP SUNCORP GROUP ORICA OIL SEARCH 4.73 126.75 -1.09 128.79 126.75 121.20 131.01 140.82 44.12 134.46 127.79 127.08 27.10 34.50 28.08 (7.40) 2.21 2.66 (0.455) SELL SELL 8.21 -0.03 8.32 8.21 8.32 8.76 9.20 35.31 8.71 8.71 8.91 13.58 33.03 15.89 (19.46) -0.09 -0.03 (0.060) SELL SELL 15.26 -0.21 15.54 15.24 15.43 16.20 16.98 37.43 16.12 16.14 16.62 14.55 31.60 23.64 (17.05) -0.21 -0.14 (0.069) SELL SELL 2.57 -0.03 2.66 2.56 2.61 2.82 3.03 37.65 2.83 2.80 2.90 18.39 30.18 16.55 (11.79) -0.03 -0.01 (0.014) SELL SELL COCA-COLA AMATIL 12.43 0.01 12.50 12.41 8.54 10.54 12.55 87.13 11.20 10.17 9.78 55.94 5.79 56.62 50.15 AMCOR 14.81 -0.11 15.01 14.81 14.74 15.56 16.37 37.72 15.47 15.47 STOCKLAND 3.85 -0.07 3.97 3.83 3.90 4.04 4.18 47.19 4.02 3.93 3.86 22.92 18.07 29.36 4.86 0.05 0.07 (0.029) BUY SELL ALUMINA 1.44 -0.01 1.47 1.42 1.37 1.44 1.51 47.00 1.46 1.43 1.48 17.81 22.86 17.84 (5.05) 0.00 -0.01 0.002 SELL BUY COMPUTERSHARE 12.15 -0.04 12.29 12.03 12.10 12.79 13.48 38.11 12.71 12.61 QANTAS AIRWAYS 4.19 -0.16 4.42 4.18 4.12 4.34 4.57 54.22 4.41 4.22 4.10 27.04 26.95 24.00 0.10 0.11 0.12 (0.005) BUY SELL SIMS METAL MGMT 9.51 0.17 9.61 9.31 7.60 8.56 9.52 68.59 8.92 8.38 8.31 29.78 10.49 27.52 19.29 0.31 0.20 0.103 BUY 0.72 0.48 0.239 BUY BUY 15.35 22.52 34.24 16.08 (11.72) -0.09 0.04 (0.135) SELL SELL 12.73 17.38 36.84 18.06 (19.46) -0.07 0.02 (0.093) SELL SELL BUY 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 30-day 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
50. 2-Nov-20 Fundamentals of Foreign Technical Picks Bloomberg Ticker Stock Name BHP AU BHP GROUP LTD RIO AU RIO TINTO LTD CBA AU COMMONW BK AUSTR WBC AU WESTPAC BANKING ANZ AU AUST AND NZ BANK NAB AU NATL AUST BANK WES AU WESFARMERS LTD WPL AU WOODSIDE PETRO NCM AU NEWCREST MINING FMG AU FORTESCUE METALS QBE AU QBE INSURANCE ORG AU ORIGIN ENERGY AMP AU AMP LTD STO AU SANTOS LTD MQG AU MACQUARIE GROUP SUN AU SUNCORP GROUP LT ORI AU ORICA LTD OSH AU OIL SEARCH LTD CCL AU COCA-COLA AMATIL AMC AU AMCOR LTD SGP AU STOCKLAND AWC AU ALUMINA LTD CPU AU COMPUTERSHARE LT QAN AU QANTAS AIRWAYS SGM AU SIMS METAL MGMT Close Target 19 % 2020 1.96 2021 1.80 2020 12.1 2021 13.2 Div Yield(%) 2020 2021 4.189 3.843 52week Price High Low 41.47 24.05 % Chg YTD -13.21 10% 6.63 6.24 9.8 10.4 4.973 4.901 107.79 72.77 -7.94 % upside EPS ($) PER(x) 33.78 Price 41.50 92.43 103.20 69.02 68.51 -1% 3.90 4.41 17.7 15.7 3.679 4.532 91.05 53.44 -13.62 17.91 19.86 10% 0.81 1.48 22.2 12.1 1.418 4.405 28.78 13.47 -26.08 18.81 21.10 11% 1.58 1.83 11.9 10.3 4.716 6.571 27.93 14.10 -23.63 18.60 20.40 9% 1.24 1.39 15.0 13.3 3.129 4.468 29.18 13.20 -24.48 45.96 45.67 -1% 1.74 1.86 26.4 24.7 3.325 3.547 49.67 29.64 11.43 17.52 25.38 31% 0.52 0.72 23.7 17.2 2.420 3.151 36.29 14.93 -49.04 29.24 35.82 18% 1.46 1.33 14.1 15.5 0.899 0.769 38.15 20.70 -3.34 17.37 15.72 -11% 1.77 1.08 6.9 11.3 7.156 4.277 19.56 8.20 62.49 8.25 11.10 26% -0.31 0.49 NA 11.9 1.418 3.588 15.19 7.13 -35.95 4.00 6.35 37% 0.22 0.34 18.4 11.8 4.825 6.000 8.89 3.75 -52.66 1.53 1.61 5% 0.10 0.11 15.5 13.9 6.667 2.876 1.95 1.01 -14.50 4.73 6.57 28% 0.17 0.25 19.5 13.5 1.163 1.438 9.07 2.73 -42.18 126.75 129.42 2% 6.04 7.91 21.0 16.0 2.892 4.379 152.35 70.45 -8.05 8.21 10.47 22% 0.66 0.73 12.4 11.3 5.603 6.638 13.70 7.30 -36.65 15.26 18.50 18% 0.82 0.94 18.7 16.3 2.529 3.368 24.27 13.25 -30.57 2.57 3.81 33% 0.02 0.09 90.2 20.5 0.039 1.051 7.91 1.81 -63.62 12.43 12.39 0% 0.43 0.52 29.0 24.1 2.164 3.395 13.18 7.77 12.39 14.81 16.50 10% 0.70 0.74 15.0 14.1 3.241 3.342 16.53 9.86 -4.88 3.85 3.99 4% 0.31 0.32 12.5 12.0 6.286 6.675 5.47 1.72 -16.67 1.44 1.86 23% 0.06 0.06 16.8 16.3 4.181 4.251 2.51 1.30 -37.61 12.15 13.88 12% 0.51 0.57 16.9 14.9 2.420 2.626 18.39 8.27 -27.59 4.19 9.51 4.67 9.20 10% -3% -0.44 0.19 0.31 0.51 NA NA 13.7 18.5 0.692 0.831 1.718 2.282 7.46 11.92 2.02 5.52 -41.07 -10.87 Note: The above data is based on Bloomberg consensus Page 4 of 5
51. 2-Nov-20 LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2019 TO CURRENT Stock REC Date ALUMINA ALUMINA ALUMINA BHP GROUP BHP GROUP BHP GROUP COMPUTERSHARE MACQUARIE MACQUARIE MACQUARIE NATIONAL AUSTRALIA BANK OIL SEARCH OIL SEARCH OIL SEARCH ORICA ORICA ORIGIN ENERGY ORIGIN ENERGY QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QBE INSURANCE QBE INSURANCE QBE INSURANCE RIO TINTO RIO TINTO SANTOS LTD SANTOS LTD SANTOS LTD SANTOS LTD SANTOS LTD SUNCORP GROUP SUNCORP GROUP SUNCORP GROUP WESTPAC BANKING WOODSIDE BUY Price 9 /Apr/20 4/Aug/20 8/Sep/20 5/May/20 24/Jun/20 15/Sep/20 5/Mar/20 4/Jun/19 6/Sep/19 7/Oct/20 15/Jul/20 14/Feb/20 12/Mar/20 20/May/20 4/Feb/20 19/Jun/20 11/Feb/20 31/Mar/20 10/Nov/19 10/Jan/20 30/Jun/20 20/Mar/20 16/Apr/20 29/Sep/20 25/Feb/20 15/May/20 25/Mar/20 23/Apr/20 22/Jul/20 11/Aug/20 16/Oct/20 3/Feb/20 3/Jul/20 13/Oct/20 4/Dec/19 20/Feb/20 Total funds invested * Total unrealised profit Return 30-Oct-20 Price 1.41 1.53 1.55 30.59 35.64 37.24 13.77 116.10 125.26 123.40 18.07 6.42 3.30 3.22 21.98 17.02 7.61 4.43 5.67 6.95 3.62 7.81 8.79 8.79 95.26 83.26 3.52 3.99 5.34 5.78 5.24 12.94 8.96 8.91 24.29 33.23 1.44 1.44 1.44 33.78 33.78 33.78 12.15 126.75 126.75 126.75 18.60 2.57 2.57 2.57 15.26 15.26 4.00 4.00 4.19 4.19 4.19 8.25 8.25 8.25 92.43 92.43 4.73 4.73 4.73 4.73 4.73 8.21 8.21 8.21 17.91 17.52 Change (+/-) 0.03 (0.10) (0.12) 3.19 (1.86) (3.46) (1.62) 10.65 1.49 3.35 0.53 (3.85) (0.73) (0.65) (6.72) (1.76) (3.61) (0.43) (1.48) (2.76) 0.57 0.44 (0.54) (0.54) (2.83) 9.17 1.21 0.74 (0.61) (1.05) (0.51) (4.73) (0.75) (0.70) (6.38) (15.71) pct ST 1.77 (6.21) (7.42) 10.43 (5.22) (9.29) (11.76) 9.17 1.19 2.71 2.93 (59.97) (22.12) (20.19) (30.57) (10.34) (47.44) (9.71) (26.10) (39.71) 15.75 5.63 (6.14) (6.14) (2.97) 11.01 34.38 18.55 (11.42) (18.17) (9.73) (36.55) (8.37) (7.86) (26.27) (47.28) 900,890 (32,125) -3.57% Upside Targets MT LT 1.58 1.76 1.90 1.58 1.76 1.90 1.58 1.76 1.90 38.01 42.32 46.63 38.01 42.32 46.63 38.01 42.32 46.63 15.02 15.80 16.42 152.35 171.74 183.70 152.35 171.74 183.70 152.35 171.74 183.70 20.00 21.57 23.18 3.22 3.55 4.09 3.22 3.55 4.09 3.22 3.55 4.09 18.58 19.17 20.14 18.58 19.17 20.14 4.93 5.69 6.30 4.93 5.69 6.30 4.72 5.36 6.15 4.72 5.36 6.15 4.72 5.36 6.15 10.24 11.21 12.17 10.24 11.21 12.17 10.24 11.21 12.17 107.79 116.05 121.16 107.79 116.05 121.16 5.90 6.64 7.57 5.90 6.64 7.57 5.90 6.64 7.57 5.90 6.64 7.57 5.90 6.64 7.57 9.73 10.43 11.23 9.73 10.43 11.23 9.73 10.43 11.23 19.73 20.57 21.61 20.27 23.56 26.22 ST 10.10 10.10 10.10 12.52 12.52 12.52 23.62 20.20 20.20 20.20 7.53 25.29 25.29 25.29 21.76 21.76 23.25 23.25 12.65 12.65 12.65 24.12 24.12 24.12 16.62 16.62 24.74 24.74 24.74 24.74 24.74 18.51 18.51 18.51 10.16 15.70 % Upside MT 22.65 22.65 22.65 25.28 25.28 25.28 30.04 35.50 35.50 35.50 15.97 38.13 38.13 38.13 25.62 25.62 42.25 42.25 27.92 27.92 27.92 35.88 35.88 35.88 25.55 25.55 40.38 40.38 40.38 40.38 40.38 27.04 27.04 27.04 14.85 34.47 LT 32.40 32.40 32.40 38.04 38.04 38.04 35.14 44.93 44.93 44.93 24.62 59.14 59.14 59.14 31.98 31.98 57.50 57.50 46.78 46.78 46.78 47.52 47.52 47.52 31.08 31.08 60.04 60.04 60.04 60.04 60.04 36.78 36.78 36.78 20.66 49.66 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 June 2019 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, November 02, 2020, 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
52. Technical View Monday , November 02, 2020 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 HANG SENG BANK LTD HKD119.20 BOLLINGER BANDS Upper Middle Lower HKD HKD HKD 122.84 116.70 110.56 SIMPLE MOVING AVERAGES 10-day 30-day 50-day HKD HKD HKD DMI BUY Recent Signal BOLLINGER BANDS HKD HKD HKD 14.76 14.35 13.93 BUY HKD13.96 BANK OF EAST ASIA LTD SIMPLE MOVING AVERAGES 10-day 30-day 50-day DMI Recent Signal 117.42 116.89 118.74 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my HKD HKD HKD 14.23 14.84 15.91 DAILY MACD SELL Recent Signal BUY Page 1 of 5
53. 2-Nov-20 CATHAY PACIFIC AIRWAYS HKD5 .26 BOLLINGER BANDS Upper Middle Lower HKD HKD HKD 5.90 5.53 5.17 SIMPLE MOVING AVERAGES 10-day 30-day 50-day HKD HKD HKD DMI DAILY MACD Recent Signal SELL Recent Signal CITIC LTD HKD HKD HKD SELL HKD5.53 BOLLINGER BANDS Upper Middle Lower 5.67 5.61 5.77 5.93 5.75 5.57 SIMPLE MOVING AVERAGES 10-day 30-day 50-day HKD HKD HKD 5.79 5.91 6.42 DAILY MACD Recent Signal SELL Recent Signal BUY Page 2 of 5
54. 2-Nov-20 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. Close Name 30-Oct HANG SENG 24,107.42 HSBC CH MOBILE CCONB ICBC CNOOC CH LIFE BOC SHK PROP PETRO CH TENCENT HKSE CK HUTCHISON PING AN SINOPEC CORP CH SHENHUA CLP BOC HK HS BANK HK&CH GAS SWIRE HL PROP WHARF CH OV LAND POWER ASSETS HENDERSON BOCOMM CH COAL CH UNICOM BK EASIA ESPRIT MTR SINO LAND CH RES NEW WORLD CH RES LAND CH MERCHANT CH RES POWER ALCORP CATHAY CITIC COSCO CITIC SECURITIES CO GENHK AIA SANDS CHINA GALAXY 32.10 47.15 5.35 4.36 7.04 16.84 2.45 99.15 2.17 591.00 370.20 46.70 79.55 3.01 13.40 71.30 21.50 119.20 11.14 35.30 18.82 16.00 19.40 39.85 27.45 3.81 1.89 4.76 13.96 0.80 38.35 9.16 48.05 36.90 31.55 8.22 8.06 1.69 5.26 5.53 4.53 16.72 0.25 73.05 27.15 51.10 Bollinger Bands Change (479.18) (0.20) (0.95) (0.14) (0.13) (0.11) (0.72) (0.06) 0.65 (0.01) (14.00) (13.20) 0.45 (0.95) (0.02) (0.24) (0.45) (0.05) (1.50) (0.04) (0.75) 0.18 (0.16) 0.20 0.00 (0.35) (0.06) (0.02) (0.22) (0.14) (0.04) (0.45) (0.59) (2.60) (0.35) (0.45) 0.02 (0.11) 0.03 (0.04) (0.18) (0.09) (0.52) 0.00 (2.55) (0.75) (1.45) High Low Lower Mid Moving Averages RSI Upper 14d 10d 30d DMI 50d MACD DI + DI - ADX 24,600.54 24,029.95 23,342.72 24,301.51 25,260.30 52.99 24,619.91 24,229.39 24,551.96 23.57 22.93 16.17 32.70 47.90 5.51 4.49 7.11 17.50 2.51 99.80 2.24 610.00 383.00 47.30 80.65 3.08 13.68 71.95 21.85 120.70 11.20 36.05 19.10 16.16 19.58 39.95 27.80 3.87 1.94 5.03 14.40 0.85 38.90 9.39 50.20 37.60 32.05 8.36 8.20 1.72 5.38 5.71 4.68 17.38 0.25 75.95 27.95 53.05 31.80 46.90 5.32 4.33 6.95 16.72 2.45 98.00 2.16 584.50 369.80 46.00 79.10 2.99 13.24 71.30 21.35 118.70 11.10 35.10 18.58 15.88 19.16 39.65 27.20 3.76 1.88 4.69 13.90 0.80 38.10 9.01 47.70 36.65 31.25 8.16 7.92 1.64 5.25 5.51 4.50 16.58 0.25 73.05 27.00 50.95 29.27 48.41 4.74 3.77 7.08 17.12 2.33 96.68 2.14 496.03 356.08 45.59 77.98 2.94 13.49 71.46 20.28 110.56 11.05 36.39 18.70 15.33 18.97 39.91 27.80 3.65 1.83 4.79 13.93 0.75 38.06 9.13 45.07 36.74 31.78 7.81 8.31 1.57 5.17 5.57 4.25 16.92 0.24 75.02 26.73 50.48 31.20 50.07 5.33 4.30 7.43 18.10 2.49 98.30 2.24 551.65 369.58 46.71 82.14 3.05 13.81 72.92 21.26 116.70 11.23 37.46 19.87 15.89 19.55 40.92 28.73 3.85 1.91 5.27 14.35 0.82 38.80 9.67 47.47 37.95 34.81 8.23 8.55 1.68 5.53 5.75 4.68 17.61 0.26 78.12 28.71 52.46 33.13 51.72 5.92 4.84 7.78 19.08 2.65 99.92 2.34 607.27 383.08 47.83 86.30 3.17 14.12 74.38 22.23 122.84 11.41 38.53 21.04 16.44 20.14 41.93 29.66 4.06 1.99 5.75 14.76 0.89 39.53 10.20 49.87 39.16 37.83 8.65 8.79 1.79 5.90 5.93 5.11 18.30 0.27 81.21 30.69 54.43 31.51 50.09 5.60 4.55 7.32 18.39 2.56 97.88 2.21 571.75 369.26 46.28 83.74 3.04 13.85 72.68 21.55 117.42 11.25 37.23 19.56 15.95 19.45 40.64 28.61 3.93 1.94 5.39 14.23 0.85 38.81 9.79 47.61 37.93 34.24 8.26 8.49 1.71 5.67 5.79 4.68 17.69 0.25 77.44 28.18 52.66 30.85 50.71 5.31 4.26 7.61 18.03 2.49 98.79 2.31 540.97 368.81 47.13 82.06 3.10 13.72 73.16 21.29 116.89 11.26 37.76 19.99 15.62 19.81 41.21 28.77 3.85 1.90 5.34 14.84 0.84 39.18 9.55 48.05 38.07 34.99 8.28 8.63 1.70 5.61 5.91 4.51 17.44 0.27 78.42 29.89 53.68 31.91 52.72 5.43 4.34 8.04 18.35 2.52 99.49 2.44 534.64 372.47 48.47 82.33 3.22 13.40 74.11 21.66 118.74 11.23 39.32 20.47 15.28 20.83 42.14 29.27 3.95 1.91 5.51 15.91 0.86 39.61 9.42 49.30 38.88 35.27 8.54 8.88 1.81 5.77 6.42 4.50 17.84 0.30 78.41 31.27 56.28 31.61 18.66 27.59 29.93 19.34 24.11 24.13 21.26 18.74 40.86 26.97 17.43 23.83 23.70 19.14 13.26 25.48 33.01 23.10 12.48 13.77 26.11 13.51 9.04 16.49 24.96 18.32 26.73 11.63 14.56 17.84 21.88 25.28 12.89 13.88 19.57 12.12 22.73 17.65 22.02 19.62 22.95 16.32 15.80 18.69 18.99 19.33 28.67 27.16 21.79 25.65 25.93 25.64 18.48 24.98 11.42 15.25 21.39 24.17 24.72 18.78 19.34 20.51 18.03 14.34 30.26 34.54 14.11 26.72 22.86 28.85 20.22 17.99 22.08 24.48 23.23 19.87 11.87 16.08 21.74 33.88 20.21 25.57 24.46 25.57 26.64 22.34 23.04 20.85 24.32 35.60 26.03 19.17 21.67 33.11 38.25 19.95 19.14 23.80 10.55 28.68 29.17 12.20 16.28 22.49 24.09 21.05 10.64 19.43 18.52 22.37 21.76 18.53 19.88 27.35 24.85 13.52 33.34 16.10 23.31 33.42 15.19 12.48 26.50 16.16 13.37 19.52 17.93 19.72 19.15 16.31 32.11 NA 14.01 19.00 18.62 29.42 22.74 55.16 34.97 52.91 55.92 38.46 41.86 49.09 50.25 36.57 74.89 60.91 39.06 40.85 43.43 48.59 39.68 51.15 56.84 47.15 31.47 31.33 61.30 35.97 30.73 35.57 47.87 49.14 42.70 33.27 49.07 46.79 55.27 63.86 39.80 31.43 42.44 28.34 41.87 39.98 37.88 50.58 43.72 36.63 39.22 37.55 44.42 Diff Line 0.64 119.96 12.28 (10.01) 0.43 8.14 (6.31) (1.82) (1.51) 2.79 (6.25) 29.44 11.72 (3.96) (0.34) (1.03) 0.36 (6.09) 4.97 14.98 8.76 (17.77) (20.77) 11.99 (13.21) (13.82) (12.36) 4.73 0.34 4.65 (12.86) (8.67) (2.03) 10.01 9.20 (8.85) (20.00) (0.63) (13.45) (1.73) (7.92) (4.62) (2.72) (0.09) (4.53) (8.52) (16.91) (7.05) 0.24 -0.73 0.08 0.10 -0.20 0.03 0.02 -0.48 -0.06 17.67 1.25 -0.57 0.43 -0.04 0.09 -0.47 0.07 0.66 0.00 -0.62 -0.34 0.25 -0.40 -0.50 -0.23 0.00 0.01 -0.01 -0.47 0.00 -0.23 0.11 -0.07 -0.25 -0.68 -0.07 -0.13 -0.02 -0.05 -0.16 0.06 -0.04 -0.01 -0.45 -0.79 -0.65 Signal 53.28 -0.10 -0.71 0.04 0.06 -0.21 0.05 0.01 -0.40 -0.07 12.35 -0.07 -0.65 0.49 -0.05 0.13 -0.37 -0.02 -0.37 0.00 -0.59 -0.19 0.26 -0.44 -0.43 -0.15 -0.01 0.01 0.01 -0.54 -0.01 -0.24 0.12 -0.55 -0.20 -0.22 -0.08 -0.12 -0.03 -0.04 -0.20 0.09 0.00 -0.02 -0.08 -0.94 -0.98 DMI Diff 66.68 BUY 0.33 (0.02) 0.04 0.04 0.02 (0.02) 0.01 (0.07) 0.01 5.32 1.32 0.08 (0.06) 0.01 (0.04) (0.10) 0.09 1.03 (0.00) (0.03) (0.15) (0.01) 0.04 (0.07) (0.09) 0.02 0.00 (0.02) 0.07 0.00 0.01 (0.01) 0.47 (0.04) (0.46) 0.01 (0.01) 0.01 (0.00) 0.05 (0.02) (0.04) 0.00 (0.36) 0.16 0.33 MACD Recent Signal BUY SELL BUY BUY SELL SELL SELL BUY SELL BUY BUY SELL SELL SELL BUY SELL BUY BUY BUY SELL SELL BUY SELL SELL SELL BUY BUY BUY SELL SELL SELL BUY BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY BUY SELL BUY BUY BUY SELL BUY SELL BUY BUY BUY BUY SELL BUY SELL SELL BUY BUY SELL SELL SELL SELL BUY SELL SELL BUY BUY SELL BUY BUY BUY SELL BUY SELL SELL BUY SELL BUY SELL BUY SELL SELL BUY SELL BUY BUY 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
55. 2-Nov-20 Fundamentals of Foreign Technical Picks Bloomberg Ticker 5 941 939 1398 883 2628 3988 16 857 700 388 1 2318 386 1088 2 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 6030 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 Stock Name Close Target Price % upside 36.43 12% HSBC 32.10 CH MOBILE 47.15 5.35 CCONB ICBC 4.36 7.04 CNOOC CH LIFE 16.84 BOC 2.45 99.15 SHK PROP PETRO CH 2.17 591.00 TENCENT 370.20 HKSE CK HUTCHISON 46.70 79.55 PING AN SINOPEC CORP 3.01 CH SHENHUA 13.40 71.30 CLP BOC HK 21.50 119.20 HS BANK HK&CH GAS 11.14 SWIRE 35.30 18.82 HL PROP WHARF 16.00 19.40 CH OV LAND 39.85 POWER ASSETS HENDERSON 27.45 3.81 BOCOMM CH COAL 1.89 CH UNICOM 4.76 13.96 BK EASIA ESPRIT 0.80 38.35 MTR SINO LAND 9.16 CH RES 48.05 36.90 NEW WORLD CH RES LAND 31.55 8.22 CH MERCHANT 8.06 CH RES POWER ALCORP 1.69 5.26 CATHAY CITIC 5.53 COSCO 4.53 CITIC SECURITIES CO 16.72 GENHK 0.25 73.05 AIA SANDS CHINA LTD 27.15 51.10 GALAXY EPS ($) PER(x) Div Yield(%) 52week Price % Chg 2020 2021 2020 2021 2020 2021 High Low YTD 0.2 0.4 17.6 10.3 0.2 0.9 61.20 27.50 -47.25 67.67 30% 5.2 5.3 7.8 7.6 6.2 6.3 70.00 45.20 -28.02 7.29 27% 1.0 1.0 4.7 4.5 5.6 6.0 6.85 4.93 -20.51 5.84 25% 0.8 0.8 4.7 4.5 5.6 5.9 6.11 3.96 -27.33 10.90 35% 0.5 0.8 11.8 7.4 4.9 6.1 14.04 6.24 -45.68 24.91 32% 1.8 1.9 8.1 7.5 3.8 4.2 22.90 11.64 -22.22 3.42 28% 0.6 0.6 3.8 3.6 7.2 7.5 3.39 2.33 -26.43 129.81 24% 10.8 11.2 9.2 8.9 5.1 5.2 124.00 87.60 -16.89 3.30 34% 0.0 0.1 N/A 17.2 6.5 3.8 4.19 2.16 -43.97 626.67 6% 12.6 15.8 40.4 32.4 0.2 0.3 614.00 314.60 57.35 410.14 10% 8.7 10.0 42.7 37.0 2.1 2.4 397.80 206.00 46.32 69.05 32% 7.9 9.1 5.9 5.1 5.2 6.0 76.00 45.05 -37.15 104.74 24% 7.1 8.4 9.7 8.1 2.7 3.1 101.00 69.00 -13.63 4.62 35% 0.2 0.3 16.3 8.0 6.2 6.5 4.73 2.95 -34.17 17.23 22% 1.9 1.9 6.1 6.1 7.5 7.5 16.88 11.94 -17.69 88.07 19% 4.5 4.7 15.8 15.3 4.4 4.5 84.20 65.00 -12.94 27.20 21% 2.6 2.7 8.2 7.9 5.7 6.4 28.90 20.05 -20.52 120.87 1% 9.0 9.5 13.3 12.5 4.4 5.0 173.80 110.00 -25.96 11.17 0% 0.4 0.4 30.9 26.7 3.2 3.3 15.24 10.64 -23.15 62.83 44% -1.4 3.6 NA 9.7 4.3 6.1 77.15 35.10 -51.24 22.78 17% 1.0 1.1 19.5 17.4 4.1 4.2 22.55 13.78 10.06 18.41 13% 1.1 1.8 14.4 8.7 2.6 3.2 22.35 12.04 -19.27 32.14 40% 4.0 4.5 4.9 4.3 5.9 6.8 31.00 18.84 -36.08 51.08 22% 2.9 3.0 13.9 13.3 7.0 7.0 58.50 39.65 -30.09 35.74 23% 3.1 2.9 9.0 9.6 6.6 6.7 40.65 26.05 -28.24 5.03 24% 0.9 0.9 3.6 3.5 7.3 7.6 5.68 3.66 -31.23 2.77 32% 0.4 0.4 4.0 3.9 5.8 6.1 3.23 1.75 -38.83 7.23 34% 0.4 0.5 9.9 8.6 3.5 4.0 8.02 3.84 -35.15 14.67 5% 0.9 1.3 15.8 11.0 3.1 4.6 19.98 13.80 -19.77 NA NA -0.4 -0.2 N/A NA N/A NA 1.82 0.54 -49.04 44.17 13% 1.0 1.7 37.7 23.0 3.2 3.3 47.80 36.20 -16.72 -19.08 11.59 21% 1.4 1.1 6.7 8.0 6.5 6.6 12.34 8.03 57.65 17% 0.8 1.2 51.1 36.0 0.6 1.0 55.95 30.45 11.48 53.52 31% 3.3 3.9 11.2 9.5 5.6 5.8 47.12 29.84 -13.62 43.81 28% 3.4 4.0 8.0 6.8 3.9 4.5 40.45 27.05 -18.69 12.64 35% 1.0 1.2 8.2 6.9 6.2 6.5 14.06 7.75 -37.63 13.01 38% 1.8 2.0 4.5 4.0 8.7 9.9 11.48 6.42 -26.33 2.32 27% 0.0 0.1 45.6 20.9 0.0 0.0 2.82 1.40 -36.70 6.37 17% -3.4 -0.4 NA NA 0.2 1.1 10.23 5.07 -47.58 N/A N/A 1.7 1.9 3.3 2.9 7.6 8.9 10.74 5.51 -46.93 6.00 24% 0.1 0.1 6.4 6.4 0.9 0.8 6.70 3.30 -29.00 23.46 29% 1.3 1.5 11.0 9.6 3.6 4.0 21.45 12.60 -5.96 N/A N/A N/A N/A N/A N/A N/A N/A 0.89 0.25 -67.53 85.93 15% 0.4 0.6 22.0 16.8 0.2 0.3 87.80 60.05 -10.70 36.73 26% -0.2 0.2 NA 20.4 0.2 0.7 45.45 25.15 -34.81 62.45 18% -0.9 2.4 NA 21.7 0.3 1.5 63.70 36.62 -10.05 Note: The above data is based on Bloomberg consensus Page 4 of 5
56. 2-Nov-20 LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2019 TO CURRENT Stock AIA GROUP AIA GROUP AIA GROUP BANK OF CHINA CATHAY PACIFIC CATHAY PACIFIC CHINA LIFE CHINA LIFE CHINA LIFE CHINA MOBILE CHINA MOBILE CHINA MOBILE CHINA MOBILE CHINA UNICOM CHINA UNICOM CHINA UNICOM CLP HOLDINGS CNOOC CNOOC CNOOC COSCO COSCO COSCO GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT HSBC HSBC HSBC ICBC ICBC ICBC PING AN PING AN PING AN POWER ASSETS POWER ASSETS SANDS CHINA SANDS CHINA SANDS CHINA SWIRE PACIFIC REC BUY Date Price 07 /Aug/19 24/Sep/19 13/Nov/19 01/Apr/20 25/Jun/19 06/Apr/20 03/Oct/19 23/Jun/20 09/Oct/20 21/Feb/20 18/Jun/20 11/Sep/20 01/Oct/20 18/Feb/20 11/Jun/20 06/Oct/20 19/Aug/20 18/Oct/19 10/Mar/20 29/May/20 19/Jul/19 11/Dec/19 12/Feb/20 21/Aug/19 27/Mar/20 17/Jul/20 29/Aug/19 03/Mar/20 23/Sep/20 17/Apr/20 04/Jun/20 15/Oct/20 19/Mar/20 24/Apr/20 07/Jul/20 08/Jan/20 21/May/20 26/Feb/20 21/Apr/20 18/Sep/20 01/Jul/20 Total funds invested * Total unrealised profit Return 30-Oct-20 Price 75.50 74.90 80.35 2.97 11.80 10.16 18.16 15.88 18.06 66.75 54.15 53.15 49.45 6.79 4.64 5.09 76.15 11.94 12.94 8.80 7.34 6.15 5.77 49.25 44.30 53.30 56.05 52.80 28.70 5.09 5.14 4.26 74.45 78.10 86.15 57.75 48.00 38.40 31.75 33.25 41.10 73.05 73.05 73.05 2.45 5.26 5.26 16.84 16.84 16.84 47.15 47.15 47.15 47.15 4.76 4.76 4.76 71.30 7.04 7.04 7.04 4.53 4.53 4.53 51.10 51.10 51.10 32.10 32.10 32.10 4.36 4.36 4.36 79.55 79.55 79.55 39.85 39.85 27.15 27.15 27.15 35.30 Change (+/-) (2.45) (1.85) (7.30) (0.52) (6.54) (4.90) (1.32) 0.96 (1.22) (19.60) (7.00) (6.00) (2.30) (2.03) 0.12 (0.33) (4.85) (4.90) (5.90) (1.76) (2.81) (1.62) (1.24) 1.85 6.80 (2.20) (23.95) (20.70) 3.40 (0.73) (0.78) 0.10 5.10 1.45 (6.60) (17.90) (8.15) (11.25) (4.60) (6.10) (5.80) 1,464,730 (175,420) -11.98% pct ST (3.25) 88.46 (2.47) 88.46 (9.09) 88.46 (17.51) 2.86 (55.42) 6.00 (48.23) 6.00 (7.27) 20.58 6.05 20.58 (6.76) 20.58 (29.36) 55.23 (12.93) 55.23 (11.29) 55.23 (4.65) 55.23 (29.90) 5.72 2.59 5.72 (6.48) 5.72 (6.37) 81.20 (41.04) 8.21 (45.60) 8.21 (20.00) 8.21 (38.28) 5.05 (26.34) 5.05 (21.49) 5.05 3.76 56.58 15.35 56.58 (4.13) 56.58 (42.73) 35.61 (39.20) 35.61 11.85 35.61 (14.34) 5.01 (15.18) 5.01 2.35 5.01 6.85 92.72 1.86 92.72 (7.66) 92.72 (31.00) 45.60 (16.98) 45.60 (29.30) 29.96 (14.49) 29.96 (18.35) 29.96 (14.11) 40.80 Upside Targets MT LT 95.75 100.26 95.75 100.26 95.75 100.26 3.05 3.20 6.76 7.40 6.76 7.40 23.35 26.11 23.35 26.11 23.35 26.11 61.43 66.45 61.43 66.45 61.43 66.45 61.43 66.45 6.00 6.88 6.00 6.88 6.00 6.88 85.02 89.78 8.75 9.43 8.75 9.43 8.75 9.43 5.59 6.13 5.59 6.13 5.59 6.13 62.75 68.91 62.75 68.91 62.75 68.91 37.79 39.55 37.79 39.55 37.79 39.55 5.22 5.43 5.22 5.43 5.22 5.43 101.00 109.27 101.00 109.27 101.00 109.27 48.06 50.06 48.06 50.06 32.95 35.36 32.95 35.36 32.95 35.36 45.05 52.62 ST 21.10 21.10 21.10 16.73 14.07 14.07 22.21 22.21 22.21 17.14 17.14 17.14 17.14 20.17 20.17 20.17 13.88 16.62 16.62 16.62 11.48 11.48 11.48 10.72 10.72 10.72 10.93 10.93 10.93 14.91 14.91 14.91 16.56 16.56 16.56 14.43 14.43 10.35 10.35 10.35 15.58 % Upside MT 31.07 31.07 31.07 24.49 28.52 28.52 38.66 38.66 38.66 30.29 30.29 30.29 30.29 26.05 26.05 26.05 19.24 24.29 24.29 24.29 23.40 23.40 23.40 22.80 22.80 22.80 17.73 17.73 17.73 19.72 19.72 19.72 26.96 26.96 26.96 20.60 20.60 21.36 21.36 21.36 27.62 LT 37.25 37.25 37.25 30.61 40.68 40.68 55.05 55.05 55.05 40.93 40.93 40.93 40.93 44.54 44.54 44.54 25.92 33.95 33.95 33.95 35.32 35.32 35.32 34.85 34.85 34.85 23.21 23.21 23.21 24.54 24.54 24.54 37.36 37.36 37.36 25.62 25.62 30.24 30.24 30.24 49.07 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 June 2019 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, November 02, 2020, 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
57. Technical View Monday , November 02, 2020 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Singapore Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my CITY DEVELOPMENTS LTD www.taonline.com.my SGD6.34 \ BOLLINGER BANDS Upper Middle Lower SGD SGD SGD SIMPLE MOVING AVERAGES 8.37 7.43 6.48 10-day 30-day 50-day SGD SGD SGD DMI DAILY MACD Recent Signal SELL Recent Signal SINGAPORE PRESS HOLDINGS SGD SGD SGD SIMPLE MOVING AVERAGES 1.06 1.02 0.98 10-day 30-day 50-day DMI Recent Signal SELL SGD0.990 BOLLINGER BANDS Upper Middle Lower 7.08 7.55 7.72 SGD SGD SGD 1.01 1.03 1.05 DAILY MACD SELL Recent Signal BUY Page 1 of 5
58. 2-Nov-20 SPORE TECHNOLOGY ENGINEERING SGD3 .49 BOLLINGER BANDS Upper Middle Lower SGD SGD SGD SIMPLE MOVING AVERAGES 3.69 3.61 3.55 10-day 30-day 50-day SGD SGD SGD BUY Recent Signal DMI DAILY MACD Recent Signal CAPITAMALL TRUST SGD SGD SGD SELL SGD1.73 BOLLINGER BANDS Upper Middle Lower 3.62 3.55 3.50 SIMPLE MOVING AVERAGES 2.02 1.91 1.79 10-day 30-day 50-day SGD SGD SGD 1.87 1.93 1.94 DAILY MACD Recent Signal SELL Recent Signal SELL Page 2 of 5
59. 2-Nov-20 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 30-Oct Change High Low FSSTI 2,423.84 (26.84) 2,447.85 SINGTEL 2.03 (0.01) DBS 20.35 OCBC 8.42 UOB Bollinger Bands Lower Mid Upper 2,420.84 2,475.27 2,526.17 2.05 2.00 2.07 (0.21) 20.58 20.31 (0.04) 8.47 8.40 18.99 (0.12) 19.12 JARDINE M. 44.39 (0.28) WILMAR 4.04 HK LAND 3.67 CAPLAND GENSP RSI 14d Moving Averages DMI DI + DI - ADX MACD 10d 30d 50d Diff Line Signal 2,577.06 33.21 2,516.70 2,509.87 2,512.96 14.13 35.24 15.43 (21.11) -5.53 2.14 2.22 26.15 2.12 2.15 2.19 20.42 21.13 21.83 42.21 21.26 20.75 8.49 8.67 8.84 37.56 8.69 8.60 18.99 19.18 19.62 20.06 38.37 19.69 45.16 44.00 40.21 42.95 45.68 62.00 (0.01) 4.12 4.00 4.03 4.40 4.78 (0.05) 3.73 3.64 3.71 3.79 3.86 2.57 (0.03) 2.59 2.55 2.62 2.74 0.65 (0.02) 0.67 0.64 0.66 0.68 DMI MACD Diff Recent Signal 2.61 (8.14) SELL SELL 10.12 27.49 25.92 (17.37) -0.03 -0.03 (0.01) SELL SELL 20.70 21.63 30.74 22.35 (9.11) 0.13 0.21 (0.08) SELL SELL 8.61 18.11 28.42 16.57 (10.30) 0.01 0.03 (0.02) SELL SELL 19.46 19.49 18.98 24.66 19.17 (5.69) 0.03 0.07 (0.05) SELL SELL 43.38 42.13 41.57 29.10 16.63 23.90 12.48 0.91 0.68 0.23 BUY BUY 31.26 4.25 4.40 4.38 11.79 37.04 30.34 (25.25) -0.08 -0.04 (0.05) SELL SELL 43.24 3.79 3.75 3.80 13.58 19.49 14.13 (5.91) 0.00 0.00 (0.01) SELL SELL 2.86 26.77 2.70 2.73 2.74 7.91 30.69 23.28 (22.78) -0.03 -0.01 (0.02) SELL SELL 0.70 40.56 0.67 0.68 0.68 12.17 15.38 18.95 (3.21) -0.01 0.00 (0.00) SELL SELL KEPPEL 4.39 0.12 4.51 4.17 4.33 4.48 4.63 35.20 4.48 4.40 4.40 18.29 32.93 20.93 (14.65) -0.01 0.01 (0.02) SELL SELL SGX 8.66 (0.09) 8.68 8.60 8.88 9.10 9.31 36.25 9.05 9.08 8.90 16.67 30.29 23.22 (13.63) 0.01 0.06 (0.05) SELL SELL SIA 3.39 (0.05) 3.46 3.38 3.44 3.53 3.61 40.82 3.53 3.49 3.55 24.16 27.51 13.88 (3.36) 0.00 0.00 (0.00) SELL SELL FNN 1.16 (0.01) 1.17 1.16 1.16 1.20 1.24 24.64 1.19 1.21 1.24 16.76 37.02 37.30 (20.26) -0.02 -0.02 (0.00) SELL SELL CITY DEV 6.34 (0.14) 6.50 6.32 6.48 7.43 8.37 16.12 7.08 7.55 7.72 7.20 52.57 35.69 (45.37) -0.32 -0.21 (0.12) SELL SELL JARDINE S. 21.69 (0.29) 22.01 21.46 19.71 21.01 22.31 62.86 21.12 20.80 20.52 29.45 18.97 17.86 10.49 0.35 0.22 0.13 BUY BUY SG PRESS 0.99 (0.01) 1.01 0.99 0.98 1.02 1.06 39.68 1.01 1.03 1.05 15.15 16.96 18.19 (1.80) -0.01 -0.01 0.00 SELL BUY JARDINE C&C 17.76 (0.13) 18.08 17.75 17.55 18.29 19.02 40.85 18.48 18.26 18.41 21.67 29.90 16.56 (8.22) 0.01 0.02 SELL BUY GOLDEN AGRI 0.14 0.00 0.14 0.14 0.14 0.14 0.15 40.96 0.14 0.14 0.14 11.93 21.91 23.51 (9.97) 0.00 0.00 (0.00) SELL SELL SG TECH 3.49 (0.05) 3.55 3.45 3.53 3.61 3.69 45.68 3.62 3.55 3.50 22.51 18.20 38.35 4.31 0.04 0.05 (0.01) BUY SELL OLAM INT 1.28 0.00 1.29 1.27 1.26 1.30 1.33 45.33 1.30 1.28 1.29 18.32 18.80 16.97 (0.48) 0.00 0.00 (0.00) SELL SELL CAP TRUST 1.73 (0.03) 1.77 1.73 1.79 1.91 2.02 26.58 1.87 1.93 1.94 8.42 36.41 32.34 (28.00) -0.04 -0.02 (0.02) SELL SELL SEMBCORP 1.58 (0.05) 1.64 1.58 1.23 1.41 1.59 83.94 1.48 1.39 1.25 43.82 3.51 66.31 40.31 0.09 0.07 0.01 BUY BUY SEMCORP M. 0.12 (0.00) 0.13 0.12 0.13 0.14 0.16 18.55 0.14 0.14 0.16 9.22 39.32 43.80 (30.10) -0.01 -0.01 (0.00) SELL SELL CMFT DELGRO 1.35 (0.04) 1.40 1.35 1.39 1.44 1.49 37.91 1.43 1.44 1.46 9.49 21.70 19.33 (12.22) -0.01 -0.01 (0.01) SELL SELL STARHUB 1.17 (0.01) 1.19 1.17 1.19 1.22 1.25 36.34 1.22 1.21 1.21 11.16 21.53 18.10 (10.37) 0.00 0.00 (0.00) SELL SELL SIA ENG 1.63 (0.02) 1.65 1.62 1.66 1.72 1.77 34.67 1.71 1.71 1.78 19.54 29.27 12.98 (9.73) -0.02 -0.02 (0.00) SELL SELL IFOOD AGRI 0.29 (0.01) 0.29 0.29 0.28 0.29 0.30 48.92 0.29 0.29 0.29 25.60 42.95 17.26 (17.35) 0.00 0.00 (0.00) SELL SELL YZJ 0.92 0.00 0.93 0.91 0.94 0.97 1.01 33.76 0.96 0.98 0.96 10.82 26.61 14.02 (15.79) -0.01 0.00 (0.01) SELL SELL 0.02 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 30-day 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
60. 2-Nov-20 Fundamentals of Foreign Technical Picks Bloomberg Ticker ST DBS OCBC UOB JM WIL HKL CAPL GENS KEP SGX SIA FNN CIT JS SPH JCNC GGR STE OLAM CT SCI SMM CD STH SIE IFAR YZJSGD 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 Stock Name Close Target Price % upside SINGTEL DBS OCBC UOB JARDINE M. WILMAR HK LAND CAPLAND GENSP KEPPEL SGX SIA FNN CITY DEV JARDINE S SG PRESS JARDINE C&C GOLDEN AGRI SG TECH OLAM INT CAP TRUST SEMBCORP SEMCORP M. CMFT DELGRO STARHUB SIA ENG IFOOD AGRI YZJ 2.03 2.95 20.35 EPS ($) PER(x) Div Yield(%) 52week Price % Chg 2020 2021 2020 2021 2020 2021 High Low YTD 31% 0.1 0.2 15.3 12.4 5.6 6.2 3.48 2.00 -39.76 22.94 11% 1.7 2.0 11.7 10.1 4.3 5.3 26.80 16.65 -21.37 8.42 9.62 13% 0.7 0.9 11.5 9.6 4.0 5.5 11.23 7.80 -23.32 18.99 21.94 13% 1.7 1.8 11.2 10.3 4.2 5.2 26.77 17.12 -27.43 44.39 45.04 1% 2.9 3.8 15.2 11.7 3.8 3.9 59.68 37.37 -20.16 4.04 5.13 21% 0.2 0.2 14.8 13.7 2.3 2.5 4.95 2.83 -1.94 3.67 5.22 30% 0.4 0.4 9.2 8.6 5.9 6.0 5.90 3.46 -36.17 2.57 3.71 31% 0.2 0.2 13.5 11.1 3.8 4.4 3.97 2.55 -31.47 0.65 0.76 15% 0.0 0.0 NA 21.5 4.0 5.3 0.96 0.51 -29.89 4.39 5.82 25% 0.1 0.4 68.6 10.8 2.5 4.3 6.95 4.08 -35.16 8.66 8.87 2% 0.4 0.4 21.2 20.9 3.7 3.8 10.72 7.96 -2.26 3.39 3.49 3% -0.8 -0.1 NA NA 0.2 0.8 6.69 3.20 -46.78 1.16 NA NA NA NA NA NA NA NA 1.78 1.07 -32.56 6.34 10.30 38% 0.2 0.5 27.3 11.6 2.0 2.7 11.43 6.07 -41.69 21.69 NA NA 2.0 2.6 10.6 8.5 1.6 1.7 33.50 17.81 -29.23 0.99 1.04 4% 0.1 0.1 13.4 12.1 4.6 5.5 2.33 0.99 -54.59 17.76 24.17 27% 1.0 1.6 13.6 8.3 2.3 3.6 33.35 16.58 -41.00 0.14 0.14 0% 0.0 0.0 103.3 20.7 2.1 2.1 0.27 0.13 -40.00 3.49 3.78 8% 0.2 0.2 21.2 20.3 4.2 4.2 4.42 2.78 -11.42 1.28 NA NA 0.2 0.2 8.0 7.5 5.9 5.9 1.98 1.24 -29.28 1.73 2.26 23% 0.1 0.1 32.6 16.0 5.3 6.8 2.66 1.49 -29.67 1.58 1.72 8% 0.1 0.2 25.1 8.2 1.7 2.9 1.64 0.69 36.96 0.12 0.23 47% -0.1 0.0 NA NA 0.0 0.0 0.90 0.12 -85.86 1.35 1.76 23% 0.0 0.1 38.6 13.5 2.1 5.3 2.45 1.32 -43.28 1.17 1.40 17% 0.1 0.1 14.4 14.3 5.6 5.8 1.55 1.09 -17.61 1.63 2.01 19% 0.0 0.1 36.2 22.6 4.9 6.4 2.89 1.48 -42.20 0.29 0.29 2% NA NA NA NA NA NA 0.34 0.24 -12.31 0.92 1.21 24% 0.7 0.7 6.6 6.5 22.7 22.9 1.20 0.73 -17.86 Note: The above data is based on Bloomberg consensus Page 4 of 5
61. 2-Nov-20 LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2019 TO CURRENT Stock CAPITALAND CITY DEVELOPMENTS CITY DEVELOPMENTS CITY DEVELOPMENTS COMFORTDELGRO COMFORTDELGRO DBS GROUP DBS GROUP GENTING SPORE GENTING SPORE HONGKONG LAND HONGKONG LAND JARDINE STRATEGIC KEPPEL CORP KEPPEL CORP KEPPEL CORP OCBC SINGTEL SINGTEL SINGTEL SINGTEL SINGTEL SPORE EXCHANGE SPORE TECH ENG SPORE TECH ENG SPORE TECH ENG SPORE TECH ENG UOB YANGZIJIANG YANGZIJIANG REC BUY Date Price 14 /Oct/20 27/Feb/20 28/Apr/20 9/Jul/20 22/Jan/20 23/Jul/20 24/Mar/20 2/Oct/20 11/Mar/20 26/Jun/20 4/Mar/20 19/May/20 5/May/20 2/Mar/20 10/Apr/20 13/Aug/20 2/Apr/20 2/Aug/19 2/Oct/19 19/Feb/20 13/May/20 17/Jun/20 3/Jun/20 25/Sep/19 14/Apr/20 16/Jul/20 22/Sep/20 15/Nov/19 7/Apr/20 2/Jul/20 Total funds invested * Total unrealised profit Return 30-Oct-20 Price 2.81 10.37 7.59 8.73 2.22 1.40 16.88 20.40 0.74 0.76 4.98 3.82 21.90 6.75 5.72 4.88 8.49 3.36 3.13 3.17 2.74 2.57 8.28 3.88 3.24 3.29 3.41 24.31 0.88 0.94 2.57 6.34 6.34 6.34 1.35 1.35 20.35 20.35 0.65 0.65 3.67 3.67 21.69 4.39 4.39 4.39 8.42 2.03 2.03 2.03 2.03 2.03 8.66 3.49 3.49 3.49 3.49 18.99 0.92 0.92 Change (+/-) (0.24) (4.03) (1.25) (2.39) (0.87) (0.05) 3.47 (0.05) (0.10) (0.12) (1.31) (0.15) (0.21) (2.36) (1.33) (0.49) (0.07) (1.33) (1.10) (1.14) (0.71) (0.54) 0.38 (0.39) 0.25 0.20 0.08 (5.32) 0.04 (0.02) 191,635 (21,135) -11.03% Upside Targets pct ST MT LT (8.54) 3.10 3.27 3.43 (38.86) 8.08 8.70 9.33 (16.47) 8.08 8.70 9.33 (27.38) 8.08 8.70 9.33 (39.19) 1.65 1.89 2.12 (3.57) 1.65 1.89 2.12 20.56 24.06 25.81 28.64 (0.25) 24.06 25.81 28.64 (12.84) 0.73 0.78 0.84 (15.13) 0.73 0.78 0.84 (26.31) 4.03 4.39 4.68 (3.93) 4.03 4.39 4.68 (0.96) 23.75 25.55 28.46 (34.96) 4.82 5.32 5.64 (23.25) 4.82 5.32 5.64 (10.04) 4.82 5.32 5.64 (0.82) 9.92 10.42 11.23 (39.58) 2.50 2.68 2.85 (35.14) 2.50 2.68 2.85 (35.96) 2.50 2.68 2.85 (25.91) 2.50 2.68 2.85 (21.01) 2.50 2.68 2.85 4.59 10.02 10.72 11.44 (10.05) 3.80 4.03 4.42 7.72 3.80 4.03 4.42 6.08 3.80 4.03 4.42 2.35 3.80 4.03 4.42 (21.88) 20.98 22.13 23.27 4.55 1.06 1.15 1.22 (1.60) 1.06 1.15 1.22 ST 20.62 27.44 27.44 27.44 22.22 22.22 18.23 18.23 13.18 13.18 9.81 9.81 9.50 9.79 9.79 9.79 17.81 23.15 23.15 23.15 23.15 23.15 15.70 8.88 8.88 8.88 8.88 10.48 15.22 15.22 % Upside MT 27.24 37.22 37.22 37.22 40.00 40.00 26.83 26.83 20.93 20.93 19.62 19.62 17.80 21.18 21.18 21.18 23.75 32.02 32.02 32.02 32.02 32.02 23.79 15.47 15.47 15.47 15.47 16.54 25.00 25.00 LT 33.46 47.16 47.16 47.16 57.04 57.04 40.74 40.74 30.23 30.23 27.52 27.52 31.21 28.47 28.47 28.47 33.37 40.39 40.39 40.39 40.39 40.39 32.10 26.65 26.65 26.65 26.65 22.54 32.61 32.61 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 June 2019 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, November 02, 2020, 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
62. Technical View Monday , November 02, 2020 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 JOHNSON & JOHNSON USD137.19 BOLLINGER BANDS Upper Middle Lower USD USD USD www.taonline.com.my SIMPLE MOVING AVERAGES 152.97 145.89 138.82 10-day 30-day 50-day USD USD USD SELL Recent Signal 143.39 146.05 147.80 DMI Recent Signal MERCK & CO USD75.89 BOLLINGER BANDS Upper Middle Lower SELL USD USD USD SIMPLE MOVING AVERAGES 82.15 79.30 76.45 10-day 30-day 50-day SELL Recent Signal USD USD USD 78.28 80.53 82.34 DMI Recent Signal SELL Page 1 of 5
63. 2-Nov-20 AMGEN INC USD217 .82 \ BOLLINGER BANDS Upper Middle Lower USD USD USD SIMPLE MOVING AVERAGES 257.62 235.21 212.81 10-day 30-day 50-day USD USD USD 226.42 239.14 242.21 DAILY MACD Recent Signal SELL Recent Signal VISA INC USD184.87 BOLLINGER BANDS Upper Middle Lower USD USD USD SIMPLE MOVING AVERAGES 211.49 198.41 185.34 10-day 30-day 50-day DMI Recent Signal SELL USD USD USD 193.82 198.67 202.05 DAILY MACD SELL Recent Signal SELL Page 2 of 5
64. 2-Nov-20 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 Close Name 29-Oct Change DOW JONES 26,659.11 139.16 High Low Bollinger Bands Lower 26,891.89 26,290.78 26,867.46 RSI Moving Averages Mid Upper 14d 28,089.69 29,311.92 33.14 DMI 10d 30d 27834.82 50d MACD Diff Line DMI Signal Diff MACD DI + DI - ADX Recent Signal 27,842.50 27,962.94 13.25 40.86 19.32 (27.62) -181.61 38.74 (220.349) SELL SELL IBM 108.91 2.26 109.63 106.55 106.57 120.25 133.93 31.66 115.40 120.33 121.62 17.48 45.93 23.32 (28.45) -3.52 -1.78 (1.735) SELL SELL 3M 158.48 -0.05 160.15 156.13 158.14 166.35 174.55 36.59 166.54 164.69 165.01 14.26 32.75 16.64 (18.48) -0.53 0.78 (1.302) SELL SELL CHEVRON 68.80 1.92 69.14 65.17 68.15 72.12 76.09 38.00 70.88 72.54 76.30 14.50 36.07 29.22 (21.56) -1.90 -1.72 (0.180) SELL SELL CATERPILLAR 154.67 3.51 155.51 149.67 147.80 160.83 173.85 45.47 163.79 156.26 152.40 17.98 31.91 28.30 (13.93) 2.23 4.05 (1.821) SELL SELL MCDONALDS 214.95 0.26 217.59 213.07 217.29 225.32 233.35 35.16 224.57 222.89 219.94 12.88 34.09 30.81 (21.21) 0.24 2.10 (1.858) SELL SELL HONEYWELL INTERNATIONAL 164.60 3.44 165.74 159.42 162.91 171.08 179.25 43.72 170.76 168.36 167.30 16.14 30.24 17.18 (14.09) 0.23 1.66 (1.437) SELL SELL BOEING 148.29 0.15 150.10 146.61 151.02 163.51 176.00 34.62 161.45 162.02 164.69 18.46 36.22 12.37 (17.76) -2.79 -0.88 (1.910) SELL SELL SALESFROCE.COM 237.14 -1.29 242.52 237.13 237.14 254.05 270.95 39.26 249.18 251.06 250.39 15.80 30.92 20.49 (15.11) -1.30 1.72 (3.022) SELL SELL J&J 137.19 -1.17 138.68 136.09 138.82 145.89 152.97 28.50 143.39 146.05 147.80 15.56 36.87 14.26 (21.31) -2.01 -1.06 (0.952) SELL SELL P&G 137.57 -0.09 139.09 135.80 137.35 141.69 146.02 40.17 141.48 140.34 139.44 17.27 33.13 23.59 (15.87) 0.30 1.06 (0.760) SELL SELL COCA-COLA 48.02 0.06 48.47 47.31 48.24 49.83 51.43 37.54 49.68 49.61 49.61 13.74 34.73 17.30 (20.99) -0.14 0.11 (0.251) SELL SELL WAL-MART 139.92 -0.12 141.09 138.75 139.29 142.76 146.24 45.10 142.83 141.11 139.72 19.01 25.94 23.79 (6.93) 0.67 1.33 (0.654) SELL SELL TRAVELERS 122.46 0.96 123.70 119.00 106.38 116.82 127.26 60.60 120.50 114.12 114.21 27.19 20.76 17.52 6.43 2.74 2.09 0.656 BUY BUY DOWDUPONT 57.96 2.05 58.70 55.23 55.39 58.14 60.89 50.42 58.48 57.32 57.51 21.81 24.84 12.45 (3.03) 0.21 0.42 (0.214) SELL SELL GOLDMAN 189.94 0.17 192.35 186.90 191.29 203.82 216.36 34.26 200.98 200.95 202.21 17.88 33.52 19.61 (15.63) -1.86 0.21 (2.075) SELL SELL JPMORGAN 97.17 0.63 97.97 95.24 96.50 100.24 103.98 43.77 100.20 98.55 99.29 17.74 30.77 14.61 (13.03) 0.10 0.54 (0.445) SELL SELL AMEX 91.07 -0.53 92.16 90.20 92.78 101.81 110.83 30.46 99.22 100.72 101.44 14.40 38.44 20.34 (24.04) -1.94 -0.39 (1.555) SELL SELL MERCK 75.89 -0.29 76.58 74.70 76.45 79.30 82.15 29.86 78.28 80.53 82.34 14.76 33.34 23.21 (18.59) -1.41 -1.17 (0.243) SELL SELL WALT DISNEY 121.54 3.07 122.62 117.25 119.36 124.58 129.80 42.69 124.59 124.71 127.65 17.91 29.61 16.32 (11.70) -1.06 -0.61 (0.452) SELL SELL VERIZON 56.76 0.45 57.31 56.02 56.08 58.24 60.41 36.27 57.29 58.66 59.12 8.13 31.08 31.10 (22.95) -0.65 -0.50 (0.150) SELL SELL HOME DEPOT 269.63 -0.09 273.65 267.51 270.79 282.07 293.35 36.92 279.83 278.76 279.84 11.59 32.54 18.51 (20.95) -1.14 0.88 (2.017) SELL SELL UTD HEALTH 303.68 -4.32 309.48 301.46 307.33 321.89 336.44 38.06 321.19 315.29 313.37 20.34 34.02 17.88 (13.68) 0.69 3.28 (2.590) SELL SELL AT&T 26.76 0.26 27.05 26.37 26.17 27.70 29.23 37.51 27.14 27.92 28.56 23.54 33.06 18.44 (9.52) -0.49 -0.44 (0.047) SELL SELL MICROSOFT 204.72 2.04 207.34 203.37 202.06 213.43 224.81 41.62 212.52 211.00 212.52 14.38 30.66 15.95 (16.28) -0.62 0.87 (1.491) SELL SELL CISCO 35.69 -0.02 36.06 35.28 36.13 38.79 41.45 22.58 38.13 38.83 39.80 11.03 40.78 26.40 (29.76) -0.92 -0.58 (0.345) SELL SELL INTEL 44.11 -0.14 44.47 43.93 44.51 51.33 58.14 24.55 49.85 51.02 50.57 13.87 44.31 28.98 (30.44) -1.40 -0.21 (1.192) SELL SELL AMGEN INC. 217.82 1.44 220.33 210.28 212.81 235.21 257.62 29.88 226.42 239.14 242.21 10.10 41.20 30.40 (31.10) -6.86 -4.97 (1.892) SELL SELL WALGREENS BOOTS ALLIANCE 33.52 -1.07 34.48 33.46 34.43 36.55 38.68 33.06 36.61 36.27 36.68 14.70 33.17 19.56 (18.47) -0.33 -0.05 (0.284) SELL SELL NIKE 122.86 0.78 124.19 121.15 123.80 128.15 132.49 42.90 127.47 126.23 121.30 17.75 28.81 29.15 (11.06) 1.17 2.43 (1.257) SELL SELL VISA 184.87 4.00 187.00 179.34 185.34 198.41 211.49 32.04 193.82 198.67 202.05 12.51 36.49 24.25 (23.98) -3.82 -1.95 (1.871) SELL SELL AIG 31.29 1.06 31.42 29.71 28.30 30.35 32.40 57.76 31.10 29.31 29.25 28.81 18.92 23.54 9.89 0.65 0.60 0.049 BUY BUY BANK OF AMERICA 23.54 0.07 23.75 23.12 23.19 24.42 25.65 41.68 24.13 24.27 24.82 19.00 29.80 15.00 (10.80) -0.23 -0.17 (0.069) SELL SELL BP 15.26 0.36 15.30 14.74 14.95 16.38 17.80 28.42 15.77 16.90 18.42 12.10 42.35 39.57 (30.25) -0.89 -0.89 (0.002) SELL SELL CITIGROUP 41.66 0.53 42.15 40.71 41.30 43.61 45.92 37.82 42.85 43.42 46.12 19.21 31.95 19.30 (12.74) -1.02 -0.96 (0.055) SELL SELL LV SANDS 47.84 0.98 48.28 46.65 43.49 46.68 49.87 52.06 47.51 46.68 48.27 22.78 25.20 20.34 (2.41) 0.18 -0.13 0.304 SELL BUY MS 48.12 0.55 48.43 46.55 46.93 49.85 52.76 42.59 50.29 49.14 50.12 13.67 32.24 16.81 (18.56) -0.11 0.17 (0.281) SELL SELL SELL WELLS FARGO 21.14 -0.04 21.38 20.76 20.86 23.45 26.03 31.01 22.43 23.52 23.88 16.49 38.05 18.82 (21.56) -0.68 -0.43 (0.248) SELL FACEBOOK INC-A 280.83 13.16 283.60 273.78 253.78 270.27 286.76 56.28 274.54 265.38 270.84 23.70 20.68 12.94 3.03 3.75 2.83 0.924 BUY BUY APPLE INC 115.32 4.12 116.93 112.20 110.58 116.77 122.96 49.04 115.83 115.11 117.37 17.28 23.44 14.95 (6.16) -0.16 0.41 (0.569) SELL SELL ALIBABA GRP-ADR 312.56 4.62 315.58 308.91 288.48 303.62 318.76 61.25 309.11 294.82 288.57 27.60 10.72 31.52 16.88 7.66 7.83 (0.168) BUY 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
65. 2-Nov-20 Fundamentals of Foreign Technical Picks Bloomberg Ticker IBM UN MMM UN CVX UN CAT UN MCD UN HON US BA UN CRM US JNJ UN PG UN KO UN WMT UN TRV UN DD US GS US JPM UN AXP UN MRK UN DIS UN VZ UN HD UN UNH US T UN MSFT UW CSCO UW INTC UW AMGN US WBA US NKE US V US AIG US BAC US BP US C US LVS US MS US WFC US FB US AAPL US BABA Target 2020 9 .12 EPS ($) 2021 11.69 2020 11.9 2021 9.3 11% 8.49 9.33 18.7 17.0 3.7 29% -0.64 2.62 NA 26.2 7.5 167.00 7% 5.41 7.48 28.6 20.7 214.95 235.52 9% 5.95 8.31 36.1 164.60 177.56 7% 6.89 7.83 148.29 183.54 19% -8.95 237.14 275.16 14% 3.72 137.19 165.19 17% 137.57 149.77 Stock Name Close IBM 3M CHEVRON CATERPILLAR MCDONALDS HONEYWELL INT BOEING SALESFROCE.COM J&J P&G COCA-COLA WAL-MART TRAVELERS DOWDUPONT GOLDMAN SACHS JPMORGAN AMEX MERCK WALT DISNEY VERIZON HOME DEPOT UTD HEALTH AT&T MICROSOFT CISCO INTEL AMGEN INC WALGREENS BOOTS NIKE INC VISA INC AIG BANK OF AMERICA BP CITIGROUP LV SANDS MS WELLS FARGO FACEBOOK INC APPLE INC 108.91 Price 135.88 158.48 178.67 68.80 96.36 154.67 US ALIBABA GRP 52week Price High Low 158.72 90.60 % Chg YTD -18.75 3.9 182.53 114.04 -10.17 7.6 122.94 51.62 -42.91 2.7 2.9 171.26 87.50 4.73 25.9 2.4 2.5 231.88 124.23 8.77 23.9 21.0 2.2 2.2 184.06 101.08 -7.01 2.65 NA 55.9 1.4 0.0 375.50 89.00 -54.48 3.77 NA 62.9 0.0 0.0 284.50 115.29 45.81 7.99 9.03 17.2 15.2 2.9 3.1 157.00 109.17 -5.95 8% 5.55 5.90 24.8 23.3 2.3 2.5 145.87 94.34 10.14 -13.24 % upside 20% PER(x) Div Yield(%) 2020 2021 6.0 6.2 48.02 56.43 15% 1.89 2.11 25.4 22.8 3.5 3.5 60.13 36.27 139.92 147.93 5% 5.40 5.65 25.9 24.8 1.5 1.6 151.08 102.00 17.74 122.46 128.22 4% 8.60 10.42 14.2 11.8 2.8 2.9 141.85 76.99 -10.58 57.96 68.71 16% 3.06 3.48 19.0 16.6 2.1 2.1 73.49 28.33 -9.72 189.94 255.44 26% 22.47 24.09 8.5 7.9 2.6 2.7 250.08 130.87 -17.39 97.17 116.12 16% 7.26 8.92 13.4 10.9 3.7 3.8 141.10 76.95 -30.29 91.07 109.11 17% 3.37 6.63 27.0 13.7 1.9 2.0 138.13 67.03 -26.85 75.89 96.42 21% 5.90 6.27 12.9 12.1 3.2 3.4 92.55 65.26 -16.56 121.54 136.75 11% 1.49 2.50 81.4 48.7 0.8 1.0 153.41 79.08 -15.96 56.76 62.11 9% 4.83 4.99 11.8 11.4 4.4 4.5 62.21 48.85 -7.56 269.63 299.87 10% 11.47 12.01 23.5 22.5 2.2 2.3 292.95 140.66 23.47 303.68 362.46 16% 16.69 18.35 18.2 16.6 1.5 1.7 335.65 187.72 3.30 26.76 31.23 14% 3.16 3.21 8.5 8.3 7.8 7.9 39.70 26.08 -31.53 204.72 242.23 15% 6.72 7.44 30.5 27.5 1.0 1.1 232.85 132.53 29.82 35.69 47.20 24% 3.09 3.30 11.5 10.8 4.1 4.3 50.27 32.41 -25.58 -26.30 44.11 52.81 16% 4.87 4.55 9.1 9.7 3.0 3.1 69.28 43.63 217.82 254.46 14% 16.06 16.90 13.6 12.9 2.9 3.1 264.97 177.05 -9.64 33.52 39.79 16% 4.73 5.11 7.1 6.6 5.7 5.9 64.50 33.46 -43.15 122.86 143.96 15% 2.88 3.67 42.7 33.5 0.8 0.9 131.38 60.00 21.27 184.87 221.94 17% 5.57 6.89 33.2 26.8 0.7 0.7 217.35 133.93 -1.61 31.29 38.19 18% 2.28 4.35 13.7 7.2 4.1 4.3 56.42 16.07 -39.04 23.54 28.10 16% 1.72 2.09 13.7 11.3 3.1 3.2 35.72 17.95 -33.16 15.26 29.09 48% -1.09 1.69 NA 9.0 11.1 8.6 40.08 14.74 -59.57 41.66 61.82 33% 3.99 5.89 10.4 7.1 4.9 5.0 83.11 32.00 -47.85 47.84 57.85 17% -1.98 1.59 NA 30.1 1.9 4.8 74.29 33.30 -30.71 48.12 61.31 22% 5.69 5.14 8.5 9.4 2.9 3.1 57.57 27.20 -5.87 21.14 28.96 27% 0.38 1.96 56.2 10.8 5.7 2.6 54.75 20.76 -60.71 280.83 300.63 7% 8.82 11.18 31.8 25.1 0.0 0.0 304.67 137.10 36.82 115.32 123.42 7% 3.91 4.23 29.5 27.2 0.9 0.9 137.98 53.15 57.08 312.56 335.22 7% 62.77 78.89 33.4 26.6 0.0 0.0 319.32 169.95 47.36 Note: The above data is based on Bloomberg consensus Page 4 of 5
66. 2-Nov-20 LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2019 TO CURRENT Stock 3M CO 3M CO AMERICAN EXPRESS BANK OF AMERICA BANK OF AMERICA BP PLC BP PLC BP PLC BP PLC BP PLC BP PLC CHEVRON CORP CHEVRON CORP CHEVRON CORP CITIGROUP CITIGROUP CISCO SYSTEMS COCA-COLA COCA-COLA COCA-COLA COCA-COLA DUPONT FACEBOOK FACEBOOK FACEBOOK FACEBOOK HOME DEPOT JOHNSON & JOHNSON JOHNSON & JOHNSON JP MORGAN JP MORGAN LAS VEGAS LAS VEGAS LAS VEGAS LAS VEGAS LAS VEGAS LAS VEGAS LAS VEGAS LAS VEGAS MCDONALDS MCDONALDS MCDONALDS MERCK & CO MERCK & CO MERCK & CO MERCK & CO MERCK & CO MICROSOFT MICROSOFT MICROSOFT NIKE INC NIKE INC PFIZER INC PFIZER INC PFIZER INC PFIZER INC PFIZER INC PFIZER INC PFIZER INC PFIZER INC RAYTHEON TECH AT & T INC UNITEDHEALTH UNITEDHEALTH VISA INC VISA INC WALT DISNEY WALT DISNEY WALT DISNEY WALT DISNEY WALMART REC BUY Date Price 8/Oct/19 19/Feb/20 22/Jul/20 30/Sep/20 15/Oct/20 13/Jun/19 20/Aug/19 10/Dec/19 9/Jan/20 13/Feb/20 11/Mar/20 17/Oct/19 19/Nov/19 26/Aug/20 15/Jul/20 23/Sep/20 10/Sep/20 3/Mar/20 8/Apr/20 18/Jun/20 13/Oct/20 2/Oct/19 4/Jun/19 26/Mar/20 22/Apr/20 17/Sep/20 3/Dec/19 10/Oct/19 14/Oct/20 12/May/20 22/Sep/20 27/Aug/19 22/Oct/19 26/Feb/20 15/Apr/20 21/May/20 16/Jul/20 12/Aug/20 15/Sep/20 19/Sep/19 4/Dec/19 30/Jun/20 6/Feb/20 12/Mar/20 24/Mar/20 16/Jun/20 29/Sep/20 1/Oct/19 9/Jun/20 9/Sep/20 16/Jul/19 23/Jul/20 5/Sep/19 6/Sep/19 7/Sep/19 9/Apr/20 6/May/20 2/Jun/20 24/Jun/20 19/Aug/20 21/Apr/20 2/Jul/20 28/Aug/19 26/Sep/19 28/Feb/20 16/Apr/20 4/Mar/20 23/Apr/20 1/Jul/20 8/Oct/20 23/Jun/20 Total funds invested * Total unrealised profit Return 153.52 158.88 96.33 23.77 23.62 41.06 36.85 37.10 38.83 37.17 26.79 115.11 118.55 86.13 50.15 43.29 40.13 55.92 46.51 46.58 51.09 67.95 164.15 156.21 170.80 263.52 217.62 129.22 148.36 89.97 95.31 53.67 57.97 58.43 48.13 50.17 50.25 51.00 52.00 157.77 193.12 182.80 85.83 86.83 66.40 74.02 82.76 139.03 188.36 202.66 89.48 98.91 35.83 36.83 37.83 34.60 38.51 35.46 32.77 38.36 64.98 29.90 222.93 215.39 180.01 165.96 116.45 100.99 111.51 122.91 121.68 29-Oct-20 Price 158.48 158.48 91.07 23.54 23.54 15.26 15.26 15.26 15.26 15.26 15.26 68.80 68.80 68.80 41.66 41.66 35.69 48.02 48.02 48.02 48.02 57.96 280.83 280.83 280.83 280.83 269.63 137.19 137.19 97.17 97.17 47.84 47.84 47.84 47.84 47.84 47.84 47.84 47.84 214.95 214.95 214.95 75.89 75.89 75.89 75.89 75.89 204.72 204.72 204.72 122.86 122.86 35.28 35.28 35.28 35.28 35.28 35.28 35.28 35.28 53.14 26.76 303.68 303.68 184.87 184.87 121.54 121.54 121.54 121.54 139.92 Change (+/-) 4.96 (0.40) (5.26) (0.23) (0.08) (25.80) (21.59) (21.84) (23.57) (21.91) (11.53) (46.31) (49.75) (17.33) (8.49) (1.63) (4.44) (7.90) 1.51 1.44 (3.07) (9.99) 116.68 124.62 110.03 17.31 52.01 7.97 (11.17) 7.20 1.86 (5.83) (10.13) (10.59) (0.29) (2.33) (2.41) (3.16) (4.16) 57.18 21.83 32.15 (9.94) (10.94) 9.49 1.87 (6.87) 65.69 16.36 2.06 33.38 23.95 (0.55) (1.55) (2.55) 0.68 (3.23) (0.18) 2.51 (3.08) (11.84) (3.14) 80.75 88.29 4.86 18.91 5.09 20.55 10.03 (1.37) 18.24 pct ST 3.23 (0.25) (5.46) (0.97) (0.34) (62.83) (58.59) (58.87) (60.70) (58.95) (43.04) (40.23) (41.97) (20.12) (16.93) (3.77) (11.06) (14.13) 3.25 3.09 (6.01) (14.70) 71.08 79.78 64.42 6.57 23.90 6.17 (7.53) 8.00 1.95 (10.86) (17.47) (18.12) (0.60) (4.64) (4.80) (6.20) (8.00) 36.24 11.30 17.59 (11.58) (12.60) 14.29 2.53 (8.30) 47.25 8.69 1.02 37.30 24.21 (1.54) (4.21) (6.74) 1.97 (8.39) (0.51) 7.66 (8.03) (18.22) (10.50) 36.22 40.99 2.70 11.39 4.37 20.35 8.99 (1.11) 14.99 6,642,980 573,030 8.63% 179.36 179.36 102.56 26.81 26.81 18.59 18.59 18.59 18.59 18.59 18.59 78.76 78.76 78.76 46.12 46.12 42.28 54.50 54.50 54.50 54.50 62.83 304.67 304.67 304.67 304.67 287.60 145.71 145.71 110.22 110.22 53.79 53.79 53.79 53.79 53.79 53.79 53.79 53.79 240.50 240.50 240.50 87.37 87.37 87.37 87.37 87.37 220.58 220.58 220.58 133.81 133.81 40.61 40.61 40.61 40.61 40.61 40.61 40.61 40.61 60.87 32.32 334.79 334.79 214.17 214.17 135.81 135.81 135.81 135.81 151.33 Upside Targets MT LT 194.80 194.80 110.97 28.90 28.90 20.50 20.50 20.50 20.50 20.50 20.50 87.16 87.16 87.16 51.51 51.51 45.34 60.14 60.14 60.14 60.14 73.49 344.38 344.38 344.38 344.38 300.18 157.00 157.00 116.11 116.11 58.63 58.63 58.63 58.63 58.63 58.63 58.63 58.63 254.35 254.35 254.35 92.64 92.64 92.64 92.64 92.64 227.64 227.64 227.64 140.47 140.47 44.54 44.54 44.54 44.54 44.54 44.54 44.54 44.54 67.10 33.73 352.17 352.17 236.01 236.01 153.34 153.34 153.34 153.34 162.97 219.75 219.75 121.37 31.48 31.48 22.04 22.04 22.04 22.04 22.04 22.04 95.55 95.55 95.55 57.53 57.53 48.39 65.77 65.77 65.77 65.77 84.14 368.85 368.85 368.85 368.85 312.74 168.29 168.29 122.00 122.00 64.61 64.61 64.61 64.61 64.61 64.61 64.61 64.61 265.46 265.46 265.46 99.10 99.10 99.10 99.10 99.10 236.39 236.39 236.39 151.24 151.24 48.47 48.47 48.47 48.47 48.47 48.47 48.47 48.47 73.33 34.87 366.21 366.21 249.53 249.53 170.86 170.86 170.86 170.86 170.17 ST 13.18 13.18 12.62 13.89 13.89 21.82 21.82 21.82 21.82 21.82 21.82 14.48 14.48 14.48 10.71 10.71 18.46 13.49 13.49 13.49 13.49 8.40 8.49 8.49 8.49 8.49 6.66 6.21 6.21 13.43 13.43 12.44 12.44 12.44 12.44 12.44 12.44 12.44 12.44 11.89 11.89 11.89 15.13 15.13 15.13 15.13 15.13 7.75 7.75 7.75 8.91 8.91 15.11 15.11 15.11 15.11 15.11 15.11 15.11 15.11 14.55 20.78 10.24 10.24 15.85 15.85 11.74 11.74 11.74 11.74 8.15 % Upside MT 22.92 22.92 21.85 22.77 22.77 34.34 34.34 34.34 34.34 34.34 34.34 26.69 26.69 26.69 23.64 23.64 27.04 25.24 25.24 25.24 25.24 26.79 22.63 22.63 22.63 22.63 11.33 14.44 14.44 19.49 19.49 22.55 22.55 22.55 22.55 22.55 22.55 22.55 22.55 18.33 18.33 18.33 22.07 22.07 22.07 22.07 22.07 11.20 11.20 11.20 14.33 14.33 26.25 26.25 26.25 26.25 26.25 26.25 26.25 26.25 26.27 26.05 15.97 15.97 27.66 27.66 26.16 26.16 26.16 26.16 16.47 LT 38.66 38.66 33.27 33.73 33.73 44.43 44.43 44.43 44.43 44.43 44.43 38.88 38.88 38.88 38.09 38.09 35.58 36.96 36.96 36.96 36.96 45.17 31.34 31.34 31.34 31.34 15.99 22.67 22.67 25.55 25.55 35.05 35.05 35.05 35.05 35.05 35.05 35.05 35.05 23.50 23.50 23.50 30.58 30.58 30.58 30.58 30.58 15.47 15.47 15.47 23.10 23.10 37.39 37.39 37.39 37.39 37.39 37.39 37.39 37.39 37.99 30.31 20.59 20.59 34.98 34.98 40.58 40.58 40.58 40.58 21.62 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 ** Apple Inc. stock split 4-1 effective 01/09/2020 The above table is a performance summary of our top BUY recommendations from June 2019 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, November 02, 2020, 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