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Bursa Malaysia Daily Market Report -28 September

Mohd Noordin
By Mohd Noordin
3 years ago
Bursa Malaysia Daily Market Report -28 September

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  1. Monday , 28 September, 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. G am u da B er h a d: E x p e ct in g a Re co ve r y in FY2 1 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
  2. Daily Market Commentary Monday , 28 September 2020 TA Research, e-mail : taresearch@ta.com.my For Internal Circulation Only Review & Outlook KLSE Market Statistics (25.09.2020) (mil) Volume +/-chg (RMmn) Main Market 2,631.0 Warrants 676.6 ACE Market 1,864.2 Bond 0.2 ETF 0.1 LEAP 0.5 Total 5,172.7 Off Market 172.0 -251.1 -92.4 -382.4 0.0 -0.3 0.5 2,862.2 208.7 886.5 0.1 0.2 0.8 3,958.5 41.3 84.6 Value Value/ +/-chg Volume Up Down -317.5 -17.5 -266.0 0.1 -0.5 0.8 -23.2 Major Indices Index +/- chg Malaysia FBMKLCI FBMEMAS FBMSCAP September 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 1,509.14 10,840.81 12,876.60 1,508.50 8.34 71.31 102.29 11.50 1.09 0.31 0.48 0.80 1.98 1.38 0.77 0.49 301 207 60 1 3 0 572 % chg % YTD chg 0.56 0.66 0.80 0.77 -5.01 -4.26 -9.09 -5.42 273 114 54 1 4 0 446 Recent bearish trend and momentum indicator signals on the FBM KLCI have reduced somewhat following last week's profit-taking consolidation mode, with mild hook ups on short-term momentum indicators pointing to good rebound potential. Moreover, the strong rebound on Wall Street last Friday and easing domestic political uncertainties following the victory of GRS in the Sabah elections over the weekend should spillover to improve trading sentiment this week. On the index, immediate upside hurdles are at the 30-day and 50-day moving averages at 1,531 and 1,553, respectively. Key support to sustain uptrend remains the 200-day moving average now at 1,502, with next crucial supports from the recent low of 1,474, the 38.2%FR of the 1,207 to 1,618 upswing at 1,461, and then 1,450. On stock picks, oil & gas and property related stocks such as Bumi Armada, Hibiscus Petroleum, Wah Seong, MRCB and UEM Sunrise remains in base building mode pending further improvement in sentiment before bargain hunters return for economic recovery play. News Bites • Kossan Rubber Industries Bhd's shareholders have approved the group's one-for-one bonus issue involving 1.3bn shares. The ex-date for the bonus issue is Oct 9, with the entitlement date being Oct 12. 27,173.96 358.52 1.34 -4.78 • Bumi Armada Bhd has secured two contracts with an estimated value 10,913.56 241.29 2.26 21.63 of RM2.1bn from India's state owned oil company Oil and Natural Gas 5,842.67 19.89 0.34 -22.54 Corporation Ltd relating to its floating production, storage and offloading vessel following the expiry of a previous contract. 23,204.62 116.80 0.51 -1.91 • Kenanga Investment Bank Bhd has collaborated with Merchantrade 2,278.79 6.09 0.27 3.69 Asia Sdn Bhd to introduce Malaysia's first stockbroker e-wallet, Kenanga 23,235.42 -75.65 -0.32 -17.57 Money, which will be supported by a Visa prepaid card feature. 2,472.28 21.46 0.88 -23.29 • Serba Dinamik Holdings Bhd has inked a MoU with Huawei Technologies 1,244.94 -2.52 -0.20 -21.20 to develop digital solutions involving the adoption to the latter's cloud and artificial intelligence technology. 4,945.79 103.04 2.13 -21.49 • United Malacca Bhd is halting the operations of its 60%-owned 3,219.42 -3.76 -0.12 5.55 Indonesian joint venture PT Wana Rindang Lestari in Sulawesi to address 2,143.05 -5.03 -0.23 24.38 environmental issues highlighted by non-government organisations. 5,964.92 88.98 1.51 -10.76 • Tenaga Nasional Bhd has secured the approval for TNB Power Generation Sdn Bhd's application for new generation licences for seven power stations, to be held by TPGSB pursuant to the proposed internal Top 10 KLCI Movers Based on reorganization. Off Market • Pentamaster Corporation Bhd is seeing buoyant business amid a pickMkt Cap. up in the technology sector, according to its group chairman Choon (mn) (RM) Counter Mkt Cap. Chg Vol. Bin Chuah. (RM’mn) (RM) (mn) DSONIC 70.4 @ 1.00 • Destini Bhd is raising RM78.2mn through a private placement involving TOPGLOV 71,551 0.25 76.30 TDEX 38.3 @ 0.12 20% of its issued share capital for working capital. TENAGA 62,067 0.06 2.49 • Mynews Holdings Bhd is geared up for a better set of performance CME-LA 25.0 @ 0.01 HARTA 58,269 1.10 13.20 towards end of the year by taking extensive measures to introduce NICE 17.3 @ 0.07 new business models and enhance its concept, as well as improving PCHEM 44,000 0.16 1.65 ASIAPLY 8.0 @ 0.42 infrastructure for efficiency. MAXIS 38,880 0.01 1.41 AEM 6.5 @ 0.05 • FGV Holding Bhd's subsidiary FGV Prodata Systems Sdn Bhd has secured CIMB 30,364 0.01 9.93 TEXCHEM 2.4 @ 0.52 a three-year hardware maintenance contract with Ministry of Defense. PMETAL 20,392 0.18 2.97 WIDAD 1.1 @ 0.57 • Parlo Bhd has inked a tripartite agreement to exclusively provide RHBBANK 18,446 0.01 1.30 ECOFIRS 1.0 @ 0.33 employment agency-related services for migrant workers from a source SIME 16,323 0.05 8.43 country to the destination country. TM 15,660 0.02 3.16 • Tiong Nam Logistics Holdings Bhd has allocated RM200.0mn in capital expenditure to expand its logistics and warehousing services division. Exchange Rate Commodities Futures • Sanichi Technology Bhd is raising RM31.9mn through a private share USD/MYR 4.180 0.008 Palm Oil (RM/mt) 2,824.00 66.00 placement to fund its maiden property development in Melaka, with a gross development value of RM180.0mn. Crude Oil (Brent) 41.79 0.02 USD/JPY 105.450 -0.020 • Gamuda Bhd slipped into the red for 4QFY20 with a RM17.3mn loss as Gold ($/tr.oz.) 1,855.50 -9.20 EUR/USD 1.164 0.000 compared to a net profit of RM179.0mn due a one-off asset impairment USD/CNY 6.829 0.004 following the shutdown of one of its Industrialised Building System factories. For FY20, the group's net profit fell 46.9% YoY to RM371.7mn. Important Dates • NTPM Holdings Bhd's net profit for 1QFY21 skyrocketed to RM14.6mn, from RM503,000 a year earlier mainly due to lower raw material costs, KOSSAN - 1:1 Bonus Issue - BI of 1,278.9m shares. such as virgin pulp and waste paper prices, and overhead costs. 1 bonus share for every 1 existing share held. • China's industrial firm profits grew 19.1% YoY in August to Ex-Date: 09/10/2020. Entitlement Date: 12/10/2020. CNY612.81bn (US$89.8bn). LISTING ON: 13/10/2020. • Singapore's factory output soared by a surprising 13.7% YoY in August, led by strong growth in electronics. • New orders for durable goods in the US rose 0.4% MoM in August. 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 , September 28, 2020 FBMKLCI: 1,509.14 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 Possible Relief Rally Post Sabah Elections The local blue-chip benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) was stuck in range bound trade last week, as profit-taking and selling from retailers amid dwindling trading liquidity ahead of the six-month loan moratorium expiry was offset by gains in key rubber glove makers due to virus resurgence fears in Europe and other global hotspots. Domestic political woes casted a dark cloud over the market after opposition leader Datuk Seri Anwar Ibrahim claimed a strong majority to form the next government, while delay of an audience with the king requested by him kept uncertainties elevated and sidelined investors. Week-on-week, the FBM KLCI added 2.51 points, or 0.17 percent to 1,509.14, as gains on Hartalega (+RM2.84) and Top Glove (+82sen) overcame falls on Petronas Dagangan (RM1.40), Public Bank (-50sen), Axiata (-18sen) and Maybank (-13sen). Average daily traded volume and value last week dwindled to 6.62 billion shares worth RM4.06 billion, compared to the 8.2 billion shares and RM5.8 billion average the previous week, as trading momentum in small caps, ACE Market and penny stocks slowed considerably due to profit-taking and reducing retail commitments. Gabungan Rakyat Sabah’s (GRS) two-seat majority win in last Saturday’s Sabah state election could induce a relief rally today, supported further by the strong performance in the US equity markets last Friday and China’s strong industrial profits, which grew for the fifth consecutive month in August at 19.1% YoY. The loose alliance among Perikatan Nasional, Barisan Nasional (BN) and Parti Bersatu Sabah (PBS) succeeded in regaining control of the state assembly after defeating Warisan Plus that made up of Parti Warisan Sabah (Warisan), Parti Keadilan Rakyat (PKR), Democratic Action Party (DAP), Amanah and United Progressive Kinabalu Organisation (UPKO) with 38 seats versus the opponents’ 32 seats. Independent candidates won in three constituencies. In terms of seat tally Warisan has 23, UMNO 14, Bersatu 11, PBS 7, Parti Solidariti Tanah Airku Rakyat Sabah (STAR) 6, DAP 6, Independents 3, PKR 2 and UPKO 1. With that there are two immediate questions on everyone’s mind. First, who will be the next Sabah chief minister? Second, will the Prime Minister call for a general election (GE) soon after indicating about such possibility two weeks ago if GRS wins the Sabah state election? Historically, the chief minister comes from the party with the highest number of seats in the winning coalition but there is a fine line in this case between UMNO and Perikatan Nasional as the latter has 17 seats including STAR while the former’s coalition members inside BN did not win any seats. Thus, PBS could be the king maker in resolving this issue. If UMNO and Bersatu can agree amicably to the arrangement with the next election at federal level in mind, the 15th GE should materialize very soon, putting an end to efforts by any party to prove their majority support in parliament. Page 1 of 8
  4. 28-Sep-20 As such , even though a relief rally is expected in the immediate term, it could evaporate later, led by foreign selling, due to potential election uncertainty, both locally and the US. As indicated last week, defensive sectors like healthcare, gloves and utilities are likely to witness sustained interest as investors seek refuge from market uncertainties while construction and sin sectors such as gaming and brewery could face increased selling pressure. Politics aside, Malaysia’s trade numbers for August and manufacturing PMI for September will be revealed this week. Both numbers are expected to show sustained month-on-month improvements, although year-on-year data remains weak, as the country slowly emerges from the negative effect of Covid-19 restrictions. Similarly, this week’s China PMI and the US ISM and non-farm payroll data for September are likely to show continuous improvement but the worsening rivalry between both countries is expected to cast a shadow on any signs of sustained recovery. [ 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 2 of 8
  5. 28-Sep-20 N e w s I n B r i e f Corporate Kossan Rubber Industries Bhd 's shareholders have approved the group's one-for-one bonus issue involving 1.3bn shares. The ex-date for the bonus issue is Oct 9, with the entitlement date being Oct 12. Following the issuance, its share capital will increase to 2.6bn shares. (Bursa Malaysia/The Edge) Bumi Armada Bhd (Not Rated) has secured two contracts with an estimated value of RM2.1bn from India’s state owned oil company Oil and Natural Gas Corporation Ltd relating to its floating production, storage and offloading vessel following the expiry of a previous contract. (Bursa Malaysia/The Sun) Kenanga Investment Bank Bhd (Not Rated) has collaborated with Merchantrade Asia Sdn Bhd to introduce Malaysia’s first stockbroker e-wallet, Kenanga Money, which will be supported by a Visa prepaid card feature. (The Sun) Serba Dinamik Holdings Bhd has inked a memorandum of understanding (MoU) with Huawei Technologies to develop digital solutions involving the adoption to the latter's cloud and artificial intelligence technology. The MoU is aimed at driving digital transformation to urban and rural areas in Malaysia, as well as in the oil and gas industry. (The Edge) United Malacca Bhd is halting the operations of its 60%-owned Indonesian joint venture PT Wana Rindang Lestari in Sulawesi to address environmental issues highlighted by nongovernment organisations. The group said it has conducted an assessment on the soil and terrain of the land, and that an environmental assessment report has also been completed and submitted to the local authorities. (Bursa Malaysia/The Edge) Comment: According to management, the group is still in the initial stages of looking into the additional concerns raised. Note that the development of Sulawesi is still in the initial stage, thus not much concerns on the operation. Maintain Sell on the stock with an unchanged TP of RM4.83. Tenaga Nasional Bhd has secured the approval for TNB Power Generation Sdn Bhd’s (TPGSB) application for new generation licences for seven power stations, to be held by TPGSB pursuant to the proposed internal reorganisation. (Bursa Malaysia/Bernama) Pentamaster Corporation Bhd (Not Rated) is seeing buoyant business amid a pick-up in the technology sector, according to its group chairman Choon Bin Chuah. (The Star) Destini Bhd (Not Rated) is raising RM78.2mn through a private placement involving 20% of its issued share capital for working capital. Of the proceeds, RM50.0mn will be used for new projects and RM28.2mn for existing projects. The proposed placement is expected to be completed in the 1Q2021. (Bursa Malaysia/The Edge) Mynews Holdings Bhd (Not Rated) is geared up for a better set of performance towards end of the year by taking extensive measures to introduce new business models and enhance its concept, as well as improving infrastructure for efficiency. (The Star) FGV Holding Bhd's subsidiary FGV Prodata Systems Sdn Bhd has secured a three-year hardware maintenance contract with Ministry of Defense. The three-year contract starts from September this year. (New Straits Times) Page 3 of 8
  6. 28-Sep-20 Parlo Bhd (Not Rated) has inked a tripartite agreement to exclusively provide employment agency-related services for migrant workers from a source country to the destination country. The employment agency services under the collaboration include travel logistics and dormitory arrangements and arrangement for medical examinations for the workers. The agreement was entered with Myanmar-based Diamond Palace Group of Companies Ltd and Agensi Pekerjaan Seaview Hectare Sdn Bhd. (Bursa Malaysia/Bernama) Tiong Nam Logistics Holdings Bhd has allocated RM200.0mn in capital expenditure to expand its logistics and warehousing services division. The group said 90% of the capex would be used to build a 190,000 sq ft warehouse in Senoko, Singapore, as well as another 2 warehouses in Pasir Gudang and Kempas in Johor that are currently in the planning stages. (The Sun) Sanichi Technology Bhd (Not Rated) is raising RM31.9mn through a private share placement to fund its maiden property development in Melaka. The development comprises serviced apartments and a shopping mall, with a gross development value of RM180.0mn. The group will be placing 524.8mn shares or 30.0% of its issued share capital to third-party investors. The proposed placement is expected to be completed in the 4Q2020. (Bursa Malaysia/The Edge) NTPM Holdings Bhd's (Not Rated) net profit for 1QFY21 skyrocketed to RM14.6mn, from RM503,000 a year earlier. The robust performance was mainly due to lower raw material costs, such as virgin pulp and waste paper prices, and overhead costs. However, its revenue declined by 3.1% YoY to RM179.3mn from RM184.9mn due to lower sales. The group declared a first interim dividend of 0.8sen/share. (Bursa Malaysia/The Edge) Gamuda Bhd slipped into the red for 4QFY20 with a RM17.3mn loss as compared to a net profit of RM179.0mn due a one-off asset impairment following the shutdown of one of its Industrialised Building System factories. Quarterly revenue fell 38.2% YoY to RM926.5mn from RM1.5bn a year earlier. For FY20, the group’s net profit fell 46.9% YoY to RM371.7mn from RM700.2mn a year earlier, while revenue contracted 19.8% YoY to RM3.7bn from RM4.6bn. (Bursa Malaysia/The Edge) [ 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 8
  7. 28-Sep-20 N e w s I n B r i e f Economy Malaysi a RON95 /RON97 Up Five Sen, Diesel Four Sen Higher for Sept 26-Oct 2 The retail petrol prices of RON95 and RON97 both went up by five sen per litre, while that of diesel cost four sen more for the period of Sept 26 to Oct 2. The Ministry of Finance (MoF) in a statement said based on the weekly retail pricing of petroleum products using the Automated Price Mechanism (APM) formula, the new price per litre of RON95 is RM1.68, followed by RON97 at RM1.98 and diesel at RM1.71. It said the government would continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the people’s welfare and well-being continue to be protected. (The Edge) Malaysian Rubber Council Takes on Expanded Role Along with Rebranding The Malaysian Rubber Export Promotion Council (MREPC), an agency under the Ministry of Plantation Industries and Commodities (MPIC), has been rebranded as the Malaysian Rubber Council (MRC) with immediate effect. This change comes with an expanded role as it seeks to drive the growth of Malaysia’s rubber product industry. In a statement, the MRC said it had received regulatory approval for the name change following a rebranding directive announced by Minister Datuk Dr Mohd Khairuddin Aman Razali in early August. Chief executive officer (CEO) Brandon Chan said the MRC’s wide-ranging business objectives now would also include strengthening the domestic rubber market with the goal of building capacity within the downstream rubber industry. Chan said apart from strengthening the export and domestic markets, the MRC would also identify new opportunities for human capital development and look at adoption of advanced technology as well as moving the industry towards enhanced sustainability. He said a RM20mn fund for automation and green technology had been allocated to encourage local industry members to move towards automation and the Fourth Industrial Revolution (IR 4.0) as well as renewable energy resources. Meanwhile, he said another RM36mn fund was allocated recently to encourage downstream rubber companies to employ more locals. (The Edge) Asia China's Industrial Profits Grow for Fourth Straight Month Profits at China’s industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said. China’s recovery has been gaining momentum as pent-up demand, government stimulus and surprisingly resilient exports propel a rebound. Industrial firm profits grew 19.1% year-on-year in August to CNY612.81bn (US$89.8bn), the statistics bureau said. That compares with a 19.6% increase in July and is the fourth straight month of profit growth. However, industrial firms’ profits still face external pressures as rising tensions between Washington and Beijing cloud the global trade outlook. Raw material manufacturing profits increased by 32.5% in August, up from 14.7% in July, according to Zhu Hong, an official at the statistics bureau. This was driven in part by a rebound in the prices of international commodities such as crude oil and iron ore, he added. Meanwhile, profits of the general equipment-manufacturing sector notched up 37% in August on-year, with electrical machinery up by 13.3% over the same period. Economic indicators in August, ranging from exports to producer prices and factory output, all pointed to a further pickup in the industrial sector. (Reuters) Page 5 of 8
  8. 28-Sep-20 Singapore Industrial Production Surprises with 13 .7% Growth in August Singapore's factory output soared by a surprising 13.7% year on year in August, led by strong growth in electronics, according to Singapore Economic Development Board figures. The performance bodes well for overall gross domestic product (GDP) in the third quarter, with the economic contraction expected to ease, said economists. Greatly exceeding economists' expectations of 2.2% growth, the latest figure was a rebound from July's 7.6% fall, which had come on the back of a strong base effect. Excluding the volatile biomedical cluster, industrial production rose 15.3%. On a seasonally-adjusted, monthly basis, industrial production was up 13.9% in August, or 4.8% excluding biomedical manufacturing. The electronics cluster put in the strongest showing by far, with output up 44.2% year on year. This was mainly thanks to 56.9% growth in the semiconductors segment, supported by demand from cloud services, data centres and the 5G market. With August's figure, electronics output for the first eight months of the year rose 4.1% from the year-ago period. (The Business Times) S&P Maintains India's Sovereign Ratings; Outlook Stable S&P Global Ratings affirmed credit ratings of India on Friday despite weakening fiscal settings and a record economic contraction caused by the global coronavirus pandemic. The agency maintained the rating at 'BBB-' citing the economy's above-average long-term real growth, sound external profile and evolving monetary settings. “India's democratic institutions promote policy stability and compromise, and also underpin the ratings,” the agency said. “These strengths are balanced against vulnerabilities stemming from the country's low per capita income and weak fiscal settings, including consistently elevated general government deficits and indebtedness,” said S&P. The outlook on the ratings was stable as the agency expects India's economy to recover following the resolution of the Covid-19 pandemic, and that the country's strong external settings will act as a buffer against financial strains. After experiencing a record contraction in fiscal 2021, India's economic activity is set to begin to normalize in fiscal 2022, resulting in real GDP growth of about 10%, the agency assessed. (RTT) United St ates U.S. Durable-Goods Orders Rise for Fourth Straight Month Orders for long-lasting factory goods increased for the fourth consecutive month in August, a sign of the manufacturing industry’s continued recovery from coronavirus pandemic-related disruptions. New orders for durable goods—products designed to last at least three years—rose 0.4% in August compared with July, the Commerce Department said. The August increase was at a slower pace than earlier in the summer, when orders rebounded following a collapse in demand from early in the pandemic. A closely watched proxy for business investment—new orders for nondefense capital goods excluding aircraft—also rose last month, increasing by 1.8%. Orders for computers, communications equipment and machinery all rose solidly in August, helping drive the overall gain. Weakness in motor vehicle, commercial-aircraft and defense orders weighed on overall gains. Cancellations of orders for Boeing Co.’s 737 MAX and other jetliners, as well as General Electric Co. and Pratt & Whitney engines boosted the net loss of the industry wide aircraft and parts business above US$27bn this year through August, according to Friday’s report. In August, orders excluding transportation were up 0.4% and orders excluding defense were up 0.7%. The pace of durable-goods orders can signal demand for manufactured products and the volume of forthcoming factory production. Following steep declines in March and April, orders jumped sharply in May, June and July as the economy reopened from coronavirus-related shutdowns. (WSJ) Page 6 of 8
  9. 28-Sep-20 Euro-zone & United Kingdom Eurozone M3 Growth Eases in August Eurozone money supply increased at a slower pace in August and credit to the private sector logged a steady growth, the European Central Bank reported. The broad monetary aggregate M3 expanded 9.5% on a yearly basis, slower than the revised 10.1% increase seen in July. M3 was expected to grow 10.2%. Likewise, annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 13.2% from 13.5% in July. As regards the dynamics of credit, credit to euro area residents climbed 8 percent, following a 7.6% rise in the previous month. Credit to general government rose to 16.5% from 15.5% a month ago. Credit to the private sector increased at a steady pace of 5% in August. Adjusted loans to the private sector rose 4.6% versus 4.7% in July. Loans to households gained 3% and that to non-financial corporations climbed 7.1%. (RTT) U.K. Budget Deficit Hits US$222bn Under Lockdowns U.K. government borrowing soared to GBP173.7bn (US$222bn) in the first five months of the fiscal year as the costs of the coronavirus pandemic continued to mount. The budget deficit in August alone was GBP35.9bn, the Office for National Statistics said. Britain now has borrowed more since a national lockdown was imposed in March than during the whole of the year following the 2008-09 financial crisis. The figures come a day after Chancellor of the Exchequer Rishi Sunak unveiled a GBP5.0bn plan to rescue millions of jobs and businesses from a winter crisis as a resurgence of Covid-19 threatens to derail the economy. The pandemic has wrought havoc with the public finances. Debt is now above GBP2.0tn and the deficit –- the amount the government needs to borrow to fund its spending -– is set to be approaching GBP400bn in the current fiscal year. At almost a fifth of gross domestic product, it would represent the largest gap in British peacetime. In 200910, the deficit hit GBP57.7bn, or 10.1% of the economy. With Bank of England bond-buying keeping borrowing costs at record lows, the deficit is affordable for now but Sunak has said the public finances will have to be returned to a sustainable footing once the crisis is over – a hint that Britain faces tax rises in the medium term. (Bloomberg) UK Consumer Confidence Rises to Highest Since Lockdown British consumer confidence ticked up in September to its highest level since the coronavirus lockdown started in March, but it remains well below its pre-pandemic levels, a survey showed. The GfK Consumer Confidence Barometer rose unexpectedly to -25 in September from -27 in August. A poll of economists had pointed to an unchanged reading. The survey was conducted in the first half of the month - before Tuesday’s announcement of new social restrictions to curb a resurgence of the COVID-19 pandemic across the United Kingdom. Despite subdued confidence surveys, consumer spending in Britain has rebounded strongly since the initial shock of the lockdown in April, and retail sales are now higher than before the pandemic. But the prospect of rising unemployment makes many economists cautious, especially since finance minister Rishi Sunak confirmed that support for furloughed workers would be scaled back sharp from November onwards. (Reuters) Page 7 of 8
  10. 28-Sep-20 N e w s I n B r i e f Share Buy-Back Share Buy-Back : 25 September 2020 Company BKAWAN BONIA CJCEN COASTAL GLOMAC JCBNEXT JOHOTIN KERJAYA KFIMA MYEG PANTECH RANHILL RUBEREX TROP UNIMECH WILLOW YINSON Bought Back Price (RM) Hi/Lo (RM) 282,600 7,300 149,400 60,000 44,700 2,400 136,100 45,000 15.10/15.08 0.53 0.35 0.62 0.31/0.305 1.43/1.34 1.52/1.51 1.00 15.18/15.08 0.53/0.525 0.355/0.345 0.62 0.31/0.305 1.43/1.30 1.54/1.51 1.00/0.995 9,800 1.48 1.49/1.46 2,000,000 1.27/1.26 1.30/1.26 356,600 0.365/0.355 0.365/0.355 20,000 0.85 0.865/0.845 6,622,000 5.52/5.33 5.54/533 1,268,000 0.845/0.825 0.845/0.815 5,000 26,200 175,000 1.15 0.43 5.68/5.75 1.16/1.15 0.425/0.42 5.68/5.75 Total Treasury Shares 282,600 10,547,700 4,284,000 10,386,000 29,627,000 1,364,700 2,365,800 3,750,766 3,067,700 149,683,200 3,399,393 11,217,900 1,162,500 60,334,541 9,875,810 10,387,000 31,303,500 Source: Bursa Malaysia Conference call by TA RESEARCH – Remisiers’ Briefing Topic: Midday Talk with CEO: Johore Tin Berhad Speaker: Mr. Edward Goh Swee Wang Date: 01 October 2020 (Thursday) Time: 12.30pm. Time: 12.45pm. Time: 1.15pm. Time: 2.00pm. Signing in of attendees (Please provide full name, Branch) Corporate Presentation Q&A session End of event Note: We are transitioning towards using Microsoft Teams instead of Go-to-Meeting. Please join the meeting from your computer, tablet or smartphone (if you have already installed the app) https://teams.microsoft.com/l/meetupjoin/19%3ameeting_ZDNhZWY1ZGQtNTkyMy00ZGEzLTk2MDMtNDljY2I1MDkzOTBi%40thread.v2/0?context=%7b%22Tid%22%3a%2204568cdf -592a-4059-8720-352f06806b8d%22%2c%22Oid%22%3a%22af53c1b5-4c2a-40fb-a59f-292e4c11e7ab%22%7d This briefing is an exclusive invitation to Remisiers, Dealers and selective personnel only (Limited to 250 pax on first come basis) Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 8 of 8
  11. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company Share Price Target Price (RM) (RM) % upside Recom Market Cap. (RMm) Beta EPS (sen) FY20 PER (X) Div Yield (%) FY21 FY20 FY21 FY20 52weeks 52weeks % Chg FY21 High Price % Chg Low Price % Chg YTD 25-Sep-20 AUTOMOBILE BAUTO 1.40 1.53 9.3% Buy 1,627 1.22 8.6 8.8 16.2 15.9 5.3 4.1 2.32 -39.7 0.94 49.7 -33.3 MBMR 3.17 3.62 14.2% Buy 1,239 1.15 35.1 40.3 9.0 7.9 5.7 6.3 4.18 -24.2 2.50 26.8 -17.9 PECCA 1.24 0.89 -28.2% Sell 214 0.88 4.7 8.1 26.5 15.4 3.7 4.0 1.39 -10.8 0.68 83.7 13.8 SIME 2.40 2.43 1.3% Hold 16,323 1.01 15.0 15.0 16.0 16.0 4.2 4.4 2.42 -0.8 1.56 53.8 8.1 UMW 2.53 1.85 -26.9% Sell 2,956 1.79 15.5 26.9 16.4 9.4 1.6 1.6 4.95 -48.8 1.65 53.3 -43.7 BANKS & FINANCIAL SERVICES ABMB 2.18 2.10 -3.7% Sell 3,375 1.07 27.4 22.0 8.0 9.9 2.8 3.7 2.96 -26.4 1.48 47.3 -17.1 AFFIN 1.40 1.80 28.6% Buy 2,912 1.01 19.9 24.3 7.0 5.8 2.1 3.6 2.03 -31.0 1.25 12.0 -26.3 AMBANK 2.94 3.20 8.8% Hold 8,848 1.01 44.6 36.0 6.6 8.2 4.5 4.1 4.20 -30.0 2.82 4.3 -24.8 CIMB 3.06 3.20 4.6% Sell 30,364 1.02 15.8 29.0 19.4 10.6 2.6 4.9 5.40 -43.3 3.05 0.3 -40.6 HLBANK 14.84 15.30 3.1% Sell 32,169 1.07 115.1 114.5 12.9 13.0 2.4 2.7 17.76 -16.4 11.70 26.8 -14.2 MAYBANK 7.08 7.70 8.8% Hold 79,589 0.79 51.9 57.3 13.6 12.4 5.6 6.4 8.86 -20.1 7.00 1.1 -18.1 PBBANK 15.44 17.20 11.4% Hold 59,940 1.20 120.7 125.8 12.8 12.3 3.6 3.8 20.44 -24.5 12.58 22.7 -20.6 RHBBANK 4.60 5.40 17.4% Buy 18,446 0.97 46.4 57.2 9.9 8.0 3.9 4.8 5.98 -23.1 4.23 8.7 -20.4 BURSA 8.56 7.80 -8.9% Sell 6,925 1.19 35.2 25.2 24.3 34.0 4.3 2.7 10.98 -22.0 4.32 98.1 40.6 ANNJOO 0.65 0.42 -35.4% Sell 351 1.67 -16.5 2.1 na 30.9 0.0 1.4 1.40 -53.6 0.42 56.6 -46.7 CHINHIN 1.38 0.40 -71.0% Sell 768 0.47 0.3 4.0 513.6 34.7 1.1 1.1 1.43 -3.5 0.40 245.0 91.7 CHINWEL 0.95 0.90 -4.8% Sell 273 1.18 7.4 13.9 12.7 6.8 1.6 5.8 1.78 -46.9 0.68 39.0 -31.5 BUILDING MATERIALS CMSB 1.19 1.76 47.9% Buy 1,276 1.45 9.1 16.3 13.1 7.3 1.7 2.1 2.80 -57.5 0.83 43.4 -47.6 CSCSTEL 0.82 0.90 9.8% Hold 303 1.37 5.2 9.1 15.7 9.0 3.0 5.5 1.19 -31.1 0.54 51.9 -22.6 ENGTEX 0.47 0.47 0.0% Sell 206 0.49 0.5 2.2 102.9 21.7 1.0 1.1 0.87 -45.7 0.46 2.2 -37.3 GADANG 0.40 0.35 -11.4% Sell 288 1.87 5.8 5.1 6.8 7.7 2.5 2.5 0.77 -48.7 0.23 75.6 -43.2 GAMUDA 3.25 3.50 7.7% Hold 8,169 1.35 20.7 26.7 15.7 12.2 1.8 3.7 4.30 -24.4 2.36 37.7 -16.7 GDB 0.58 0.73 25.9% Buy 363 1.23 4.3 6.0 13.6 9.6 3.4 3.4 0.80 -27.0 0.32 81.3 -5.7 IJM 1.37 1.48 8.0% Hold 4,961 1.40 6.9 2.3 19.8 59.5 2.2 2.9 2.33 -41.2 1.15 19.1 -36.9 INTA 0.35 0.40 12.9% Buy 187 1.29 1.3 3.6 27.1 9.7 0.7 2.1 0.40 -12.5 0.15 133.3 29.6 KAB 0.95 0.19 -80.0% Sell 879 0.84 0.9 1.2 103.4 80.2 0.7 0.4 1.22 -22.1 0.15 552.6 146.9 CONSTRUCTION PESONA 0.24 0.24 0.0% Sell 163 1.08 0.3 2.4 83.5 9.7 0.0 4.3 0.30 -21.7 0.13 80.8 6.8 SUNCON 1.78 1.53 -14.0% Sell 2,295 0.99 6.2 9.6 28.8 18.6 2.5 3.9 2.10 -15.2 1.25 42.4 -6.8 WCT 0.40 0.45 13.9% Hold 557 1.86 -1.3 1.7 na 23.8 0.0 0.0 0.96 -58.9 0.24 62.8 -54.1 LITRAK 3.98 4.84 21.6% Buy 2,120 0.73 49.2 45.7 8.1 8.7 6.3 7.5 4.95 -19.6 3.30 20.6 -13.3 CARLSBG 20.64 24.50 18.7% Hold 6,311 1.15 65.2 89.8 31.6 23.0 2.8 4.4 39.17 -47.3 17.34 19.0 -29.6 HEIM 20.84 26.00 24.8% Buy 6,296 0.91 68.9 96.9 30.2 21.5 3.1 4.5 31.74 -34.3 17.30 20.5 -23.2 AEON 0.76 1.25 64.5% Buy 1,067 1.00 6.6 8.9 11.6 8.6 5.3 5.3 1.66 -54.2 0.76 0.0 -46.5 AMWAY 4.98 6.00 20.5% Buy 819 0.63 28.3 31.7 17.6 15.7 5.5 5.5 6.00 -17.0 4.50 10.7 -11.5 F&N 32.80 42.00 28.0% Buy 12,030 0.64 120.8 132.4 27.2 24.8 2.0 2.1 35.68 -8.1 24.12 36.0 -5.9 FOCUSP 0.53 0.63 20.0% Buy 115 na 2.8 4.9 18.6 10.8 2.4 4.2 0.77 -31.8 0.29 81.0 41.9 CONSUMER Brewery Retail HUPSENG 0.92 1.00 9.3% Hold 732 0.55 5.1 5.7 18.0 16.0 6.6 6.6 1.08 -15.3 0.75 22.8 1.7 JOHOTIN 1.52 2.10 38.2% Buy 469 1.22 13.1 17.0 11.6 9.0 3.9 4.6 1.90 -20.0 0.98 55.1 -12.1 -26.1 LHI 0.65 0.91 40.0% Buy 2,373 na 3.6 5.1 18.1 12.8 1.7 2.3 1.00 -34.7 0.43 51.2 NESTLE 139.80 143.00 2.3% Sell 32,783 0.49 247.0 290.3 56.6 48.2 1.8 2.0 149.90 -6.7 120.00 16.5 -4.9 PADINI 2.31 2.90 25.5% Buy 1,520 0.93 13.0 18.5 17.7 12.5 3.9 5.0 3.85 -40.0 1.78 29.8 -28.7 POHUAT 1.51 1.77 17.2% Buy 372 1.16 17.1 20.4 8.8 7.4 4.6 4.6 1.59 -5.0 0.69 118.8 -0.7 QL 9.93 10.50 5.7% Hold 16,111 0.67 14.8 16.6 67.3 60.0 0.5 0.5 10.20 -2.6 6.50 52.8 22.1 SCIENTX 9.92 11.80 19.0% Buy 5,117 0.78 81.2 84.9 12.2 11.7 2.3 2.7 10.38 -4.4 5.96 66.4 5.0 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 0.32 0.60 87.5% Buy 79 1.71 0.0 3.4 na 9.3 5.6 5.6 0.53 -39.0 0.16 106.5 -28.9 10.02 12.50 24.8% Buy 2,861 0.77 92.0 97.7 10.9 10.3 9.0 9.5 21.12 -52.6 9.26 8.2 -33.6 GENTING 3.27 4.89 49.5% Buy 12,591 1.27 -9.6 21.6 na 15.1 2.0 5.5 6.12 -46.6 2.91 12.4 -44.7 GENM 2.10 2.93 39.5% Buy 11,872 1.07 -13.7 12.1 na 17.4 2.9 3.8 3.26 -35.7 1.83 14.8 -33.9 2.00 2.40 20.0% Buy 2,702 0.73 10.1 17.1 19.8 11.7 5.2 8.0 2.65 -24.6 1.92 4.1 -21.7 121.1 Tobacco BAT GAMING Casino NFO BJTOTO HEALTHCARE Hospitals/ Pharmaceutical DPHARMA 3.14 1.97 -37.3% Sell 2,217 0.81 8.4 9.4 37.4 33.4 1.8 1.9 4.32 -27.3 1.05 199.0 IHH 5.23 6.00 14.7% Hold 45,905 0.72 6.2 10.8 84.9 48.3 0.4 0.6 5.94 -12.0 4.55 14.9 -4.4 KPJ 0.85 0.95 12.4% Buy 3,616 0.78 2.8 4.3 29.8 19.8 1.3 2.0 1.04 -18.7 0.72 17.4 -10.6 HARTA 17.00 25.97 52.8% Buy 58,269 1.29 12.7 77.9 134.4 21.8 0.5 2.0 21.16 -19.7 5.08 234.6 210.2 KOSSAN 13.80 20.60 49.3% Buy 17,649 1.10 90.8 128.8 15.2 10.7 2.6 3.7 19.50 -29.2 4.00 245.0 231.7 Rubber Gloves Note: KOSSAN proposed bonus issue shares on the basis of 1 for 1. For more detail please refer to 26-August-20 report. SUPERMX 8.59 11.83 37.7% Hold 22,139 1.98 20.3 91.7 42.2 9.4 0.9 4.1 12.22 -29.7 0.65 1231.8 1136.0 TOPGLOV 8.80 10.80 22.7% Buy 71,551 1.25 22.9 125.4 38.4 7.0 1.3 7.8 9.77 -9.9 1.40 527.1 461.7 0.33 0.24 -27.3% Sell 248 1.33 3.1 6.1 10.8 5.4 3.7 7.4 0.63 -47.2 0.20 65.0 -41.6 ASTRO 0.80 1.07 33.8% Buy 4,172 1.08 12.6 9.8 6.4 8.2 9.4 6.3 1.50 -46.7 0.71 13.5 -37.0 MEDIA PRIMA 0.17 0.17 0.0% Sell 189 1.12 -3.9 -1.7 na na 0.0 0.0 0.49 -64.9 0.11 54.5 -39.3 STAR 0.33 0.26 -20.0% Sell 236 1.21 -4.1 -1.3 na na 0.0 0.0 0.54 -39.8 0.23 44.4 -33.0 INSURANCE TUNEPRO MEDIA
  12. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company Share Price Target Price (RM) (RM) LCTITAN 1.96 MHB 0.32 MISC PANTECH Market Cap. % upside Recom 1.64 -16.3% Sell 4,455 0.35 11.1% Sell 504 7.39 9.00 21.8% Buy 0.36 0.24 -32.4% (RMm) Beta EPS (sen) PER (X) Div Yield (%) 52weeks 52weeks % Chg FY20 FY21 FY20 FY21 FY20 FY21 High Price % Chg Low Price % Chg YTD 1.39 0.4 10.0 465.9 19.6 0.0 0.5 2.75 -28.7 0.98 101.0 -18.7 1.77 -10.4 0.6 na 55.1 0.0 0.0 0.97 -67.5 0.26 23.5 -63.8 32,987 0.69 58.8 49.9 12.6 14.8 4.1 4.1 9.37 -21.1 6.52 13.3 -11.1 Sell 266 1.25 4.7 1.6 7.5 21.8 5.3 1.4 0.54 -33.6 0.25 43.4 -27.6 -25.2 OIL & GAS PCHEM 5.50 5.10 -7.3% Sell 44,000 1.52 14.4 31.3 38.1 17.6 1.3 2.5 7.80 -29.5 4.00 37.5 SERBADK 1.66 2.10 26.5% Buy 5,597 1.52 16.5 18.8 10.1 8.8 2.4 3.0 2.52 -34.1 1.02 62.7 -24.5 UZMA 0.47 0.58 23.4% Sell 13,556 1.68 0.0 3.3 na 14.1 0.0 0.0 1.14 -58.8 0.31 51.6 -51.3 VELESTO 0.13 0.14 7.7% Sell 1,068 1.81 -0.4 -0.2 na na 0.0 0.0 0.41 -68.3 0.09 44.4 -65.8 FGV 1.20 1.12 -6.7% Sell 4,378 1.42 -0.4 2.3 na 52.8 1.7 1.7 1.59 -24.5 0.72 67.8 -21.1 IJMPLNT 1.80 1.68 -6.7% Sell 1,585 1.42 4.0 6.5 45.5 27.9 1.7 2.2 2.48 -27.4 1.01 78.2 -23.7 IOICORP 4.45 4.02 -9.7% Sell 27,887 0.95 12.6 15.5 35.2 28.8 1.8 2.8 4.82 -7.7 3.41 30.5 -3.5 KLK 22.64 24.01 6.1% Hold 24,417 0.96 72.3 97.1 31.3 23.3 1.9 2.2 25.40 -10.9 17.40 30.1 -8.7 SIMEPLT 5.02 5.59 11.4% Hold 34,561 na 9.3 19.7 54.0 25.5 1.6 2.6 5.63 -10.8 3.82 31.4 -7.9 TSH 0.99 1.31 32.3% Buy 1,366 1.50 4.9 6.0 20.4 16.6 2.0 2.0 1.59 -37.7 0.56 76.8 -35.7 UMCCA 4.70 4.83 2.8% Sell 986 0.72 -11.9 11.8 na 39.8 1.7 1.7 5.45 -13.8 4.00 17.5 -12.1 GLOMAC 0.31 0.36 16.1% Buy 239 0.65 3.2 2.3 9.6 13.3 3.2 3.2 0.38 -18.4 0.24 29.2 -15.1 HUAYANG 0.24 0.27 12.5% Sell 84 1.08 -20.6 -2.2 na na 0.0 0.0 0.41 -40.7 0.15 65.5 -33.3 IBRACO 0.49 0.58 18.4% Sell 243 0.70 5.9 8.8 8.3 5.6 1.5 3.1 0.72 -31.9 0.23 113.0 -29.5 IOIPG 0.90 1.06 17.8% Buy 4,956 0.93 11.2 9.9 8.0 9.1 1.7 3.3 1.28 -29.7 0.83 9.1 -27.4 MAHSING 0.72 0.81 13.3% Hold 1,736 1.55 2.4 4.3 29.8 16.5 1.7 2.8 0.91 -21.4 0.31 134.4 1.4 SIMEPROP 0.59 0.65 10.2% Sell 4,012 1.34 1.1 4.3 51.6 13.8 0.8 2.5 0.94 -37.2 0.48 24.2 -35.5 SPSETIA 0.74 1.06 43.2% Buy 3,002 1.60 4.3 10.1 17.2 7.3 0.7 3.4 1.63 -54.6 0.55 34.5 -53.8 SUNWAY 1.39 1.58 13.7% Buy 6,813 0.88 7.1 10.5 19.7 13.2 3.2 5.4 1.87 -25.7 1.25 11.2 -22.8 PLANTATIONS 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 0.78 25.8% Hold 1,274 0.60 2.7 4.6 22.8 13.6 5.0 8.0 1.10 -43.6 0.62 0.8 -38.0 SUNREIT 1.60 1.61 0.6% Hold 4,712 0.55 7.8 8.1 20.6 19.8 4.6 4.7 1.96 -18.4 1.49 7.4 -12.1 POWER & UTILITIES MALAKOF 0.97 1.11 15.0% Buy 4,716 0.91 7.5 7.7 12.8 12.6 6.9 7.1 1.02 -5.4 0.65 49.6 10.9 PETDAG 19.76 17.20 -13.0% Sell 19,631 0.69 29.4 74.6 67.2 26.5 1.3 3.0 26.41 -25.2 17.50 12.9 -13.8 PETGAS 16.38 18.80 14.8% Buy 32,412 0.75 97.1 97.2 16.9 16.8 7.2 4.2 18.45 -11.2 12.97 26.3 2.1 TENAGA 10.88 11.40 4.8% Hold 62,067 0.93 75.6 85.8 14.4 12.7 3.8 4.3 13.43 -19.0 10.36 5.0 -14.4 YTLPOWR 0.68 0.62 -8.1% Sell 5,181 1.07 1.0 2.6 69.8 26.2 0.0 0.0 0.85 -20.1 0.48 40.6 -12.3 -28.2 TELECOMMUNICATIONS AXIATA 2.97 4.40 48.1% Buy 27,233 0.96 6.3 10.3 47.2 28.8 1.8 3.0 4.75 -37.5 2.97 0.0 DIGI 4.02 4.50 11.9% Hold 31,256 0.79 16.9 19.4 23.8 20.7 4.0 4.6 4.78 -15.9 3.82 5.2 -9.9 MAXIS 4.97 5.20 4.6% Sell 38,880 0.70 18.9 21.4 26.3 23.2 3.6 4.0 5.70 -12.8 4.59 8.3 -6.6 TM 4.15 4.35 4.8% Hold 15,660 1.02 25.9 27.7 16.0 15.0 3.1 3.3 4.58 -9.4 3.09 34.3 8.6 ELSOFT 0.62 0.70 13.8% Hold 413 1.37 2.4 4.1 25.3 14.8 3.0 5.1 1.08 -43.1 0.39 59.7 -25.9 INARI 2.25 2.40 6.7% Hold 7,360 1.23 4.7 7.0 47.7 31.9 2.0 2.6 2.40 -6.3 0.90 150.0 32.4 MPI 17.90 20.90 16.8% Buy 3,560 0.83 76.9 93.5 23.3 19.1 1.5 1.6 19.28 -7.2 7.39 142.2 56.5 N2N 0.70 1.15 65.5% Buy 415 1.58 3.6 4.1 19.1 16.9 4.3 4.3 1.00 -30.2 0.34 102.5 -0.9 SKPRES 1.80 1.90 5.6% Buy 1,688 1.20 6.1 9.6 29.7 18.7 1.7 2.7 1.81 -0.6 0.66 172.7 32.4 UNISEM 3.49 4.28 22.6% Buy 2,538 0.88 15.6 21.6 22.3 16.2 2.3 2.9 4.00 -12.8 1.53 128.1 61.6 TECHNOLOGY Semiconductor & Electronics TRANSPORTATION Airlines AIRASIA 0.67 0.70 4.5% Sell 2,239 1.74 -60.7 8.8 na 7.7 0.0 0.0 1.95 -65.6 0.50 34.0 -60.6 AIRPORT 4.89 7.05 44.2% Buy 8,113 1.04 -28.4 10.9 na 45.1 0.0 2.0 8.84 -44.7 3.92 24.7 -35.7 Freight & Tankers PTRANS 0.29 0.31 8.8% Buy 543 1.08 2.2 3.3 13.2 8.7 3.5 3.5 0.33 -12.8 0.12 130.1 22.4 TNLOGIS 0.39 0.55 41.0% Buy 174 0.81 -0.1 0.7 na 57.1 0.0 0.0 0.53 -26.4 0.26 50.0 -22.8 WPRTS 3.86 3.82 -1.0% Sell 13,163 0.60 15.5 15.3 24.9 25.2 2.4 3.0 4.54 -15.0 2.97 30.0 -8.3 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 20.01 23.30 16.4% Buy 50,808 1.16 188.0 194.1 10.6 10.3 3.7 5.0 26.80 -25.3 16.65 20.2 -22.7 OCBC 8.46 8.90 5.2% Sell 37,268 1.05 80.6 87.7 10.5 9.6 3.8 4.3 11.23 -24.7 7.80 8.5 -23.0 UOB 19.10 23.50 23.0% Buy 31,886 1.11 188.7 201.2 10.1 9.5 4.2 5.2 26.77 -28.7 17.12 11.6 -27.0 4.40 5.48 24.5% Buy 28,154 0.86 26.5 26.2 16.0 16.0 2.8 2.5 4.95 -11.1 2.83 55.5 6.8 PLANTATIONS WILMAR BUY : Total return within the next 12 months exceeds required rate of return by 5%-point. HOLD : Total return within the next 12 months exceeds required rate of return by between 0-5%-point. SELL : Total return is lower than the required rate of return. Total Return is defined as expected share price appreciation plus gross dividend over the next 12 months. Gross dividend is excluded from total return if dividend discount model valuation is used to avoid double counting. Required Rate of Return of 7% is defined as the yield for one-year Malaysian government treasury plus assumed equity risk premium.
  13. Technical View Monday , September 28, 2020 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Outlook FBM KLCI: 1,509.14 (+2.51, +0.17%) Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Less Political Uncertainty to Lift Market The local blue-chip benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) was stuck in range bound trade last week, as profit-taking and selling from retailers amid dwindling trading liquidity ahead of the six-month loan moratorium expiry was offset by gains in key rubber glove makers due to virus resurgence fears in Europe and other global hotspots. Domestic political woes casted a dark cloud over the market after opposition leader Datuk Seri Anwar Ibrahim claimed a strong majority to form the next government, while delay of an audience with the Agong requested by Anwar kept uncertainties elevated and sidelined investors. Week-on-week, the FBM KLCI added 2.51 points, or 0.17 percent to 1,509.14, as gains on Hartalega (+RM2.84) and Top Glove (+82sen) overcame falls on Petronas Dagangan (RM1.40), Public Bank (-50sen), Axiata (-18sen) and Maybank (-13sen). Average daily traded volume and value last week dwindled to 6.62 billion shares worth RM4.06 billion, compared to the 8.2 billion shares and RM5.8 billion average the previous week, as trading momentum in small caps, ACE Market and penny stocks slowed considerably due to profit-taking and reducing retail commitments. Bursa Malaysia shares fell on Monday, dampened by profit-taking and selling from retailers and shrinking trading liquidity ahead of the end of a six-month loan moratorium on borrowers by financial institutions. The FBM KLCI slipped 7.2 points to close at 1,499.43, off an early high of 1,511.77 and low of 1,496.97, as losers swarmed gainers 873 to 275 on total turnover of 7.02bn shares worth RM3.55bn. The local stock market ended mixed on Tuesday, with rubber glove makers and healthcare related stocks rising amid virus resurgence fears in Europe, but weak buying momentum checked gains. The FBM KLCI rose 6.35 points to settle at 1,505.78, off an early low of 1,494.93 and high of 1,511.90, as losers beat gainers 600 to 431 on moderate turnover of 6.54bn shares worth RM3.92bn. Shares slid lower on cautious trade Wednesday, as domestic political uncertainty cast a dark cloud over investor sentiment after opposition leader Datuk Seri Anwar Ibrahim claimed a strong majority to form the next government, against the backdrop of struggling regional markets. The FBM KLCI fell 9.3 points to close at 1,496.48, off an early high of 1,509.15 and low of 1,491.17, as losers swarmed gainers 896 to 246 on active turnover of 8.45bn shares worth RM4.32bn. Stocks gained on Thursday, with rubber glove manufacturers leading the rise, but concerns over a stuttering global economic recovery due to the virus resurgence checked gains on the broader market. The FBM KLCI rose 4.32 points to close at 1,500.80, off an early low of 1,492.98 and high of 1,506.60, but losers edged gainers 578 to 451 on reduced turnover of 5.9bn shares worth RM4.56bn. Page 1 of 4
  14. 28-Sep-20 Rubber glove makers led gains on Friday , fueled by expectations that another round of virus resurgence globally would keep demand elevated, but domestic political uncertainties dampened sentiment ahead of the weekend. The index added 8.34 points to end at 1,509.14, off an early high of 1,516 and low of 1,505.05, as gainers edged losers 572 to 446 on moderating turnover totaling 5.17bn shares worth RM3.96bn. Trading range for the blue-chip benchmark index last week shrank further to 24.83 points, compared with the 37.95-point range the previous week, as blue-chip heavyweights remained in narrow sideways range trading mode. For the week, the FBM-EMAS Index edged 3.19 points up to 10,840.81, while the FBM-Small Cap Index declined 316.80 points, or 2.4 percent to 12,876.60. On technical momentum, the daily slow stochastics on the FBM KLCI hooked back up in the neutral region following the late-week recovery, but the weekly indicator extended its decline towards the lower neutral zone. The 14-day Relative Strength Index (RSI) indicator also hooked up due to last week’s late rebound, while the 14-week RSI leveled off on easing downward momentum. Chart 1 As for trend indicators, the daily Moving Average Convergence Divergence (MACD) signal line showed tentative recovery, but the bearish position on the weekly MACD indicator persisted following the recent sell signal. On the 14-day Directional Movement Index (DMI) trend indicator, the +DI and -DI lines contracted on a declining ADX line, suggesting a shift towards sideways trend. Page 2 of 4
  15. 28-Sep-20 Chart 2 Conclusion Recent bearish trend and momentum indicator signals on the FBM KLCI have reduced somewhat following last week ’s profit-taking consolidation mode, with mild hook ups on short-term momentum indicators pointing to good rebound potential. Moreover, the strong rebound on Wall Street last Friday and easing domestic political uncertainties following the victory of GRS in the Sabah elections over the weekend should spillover to improve trading sentiment this week. On the index, immediate upside hurdles are at the 30-day and 50-day moving averages at 1,531 and 1,553, respectively. Key support to sustain uptrend remains the 200-day moving average now at 1,502, with next crucial supports from the recent low of 1,474, the 38.2%FR of the 1,207 to 1,618 upswing at 1,461, and then 1,450. On stock picks, oil & gas and property related stocks such as Bumi Armada, Hibiscus Petroleum, Wah Seong, MRCB and UEM Sunrise remains in base building mode pending further improvement in sentiment before bargain hunters return for economic recovery play. Page 3 of 4
  16. 28-Sep-20 Chart 3 Disclaimer The information in this report has been obtained from sources believed to be reliable . Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, September 28, 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 4 of 4
  17. RESULTS UPDATE Monday , September 28, 2020 FBMKLCI: 1,509.14 Sector: Construction THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* TP: RM3.50 (+7.7%) Gamuda Berhad Last Traded: RM3.25 Expecting a Recovery in FY21 Ooi Beng Hooi Tel: +603-2167 9612 HOLD benghooi@ta.com.my Review Excluding an impairment of IBS assets of RM148.1mn, GAMUDA’s FY20 core profit of RM519.8mn came in a tad above our expectation, but within consensus’ forecast, accounting for 105.1% and 101.0% of ours and consensus’ estimates. The variance was mainly due to stronger-thanexpected performance of its concession division. FY20 net profit declined 26.4% YoY to RM519.8mn as revenue decreased by 19.8% to RM3,663.0mn. The weaker FY20 full-year results were dragged mainly by the implementation of Movement Control Order between mid-March and early-May 2020. As a result, property division and construction division reported a 46.4% and 15.4% drop in PBT to RM172.8mn and RM239.3mn respectively. This was partially cushioned by a 5.9% improvement in concession PBT as water demand remains resilient throughout the year, coupled with lower operational costs at both the highway and water division. Meanwhile, 4QFY20 results recovered strongly on a sequential basis to record a 68.5% and 225.0% jump in revenue and core profit to RM926.5mn and RM130.8mn respectively as construction and property activities picked up post-MCO period. It recorded the strongest quarterly construction revenue in the most recent 9 quarters. Besides, traffic plying its expressways was recovering to pre-Covid level. Briefing highlights Construction The management expects the decision on MRT3 to be made by the government soon as the shovel-ready project could be rolled-out to pump-prime the economy. On Penang Transport Master Plan, GAMUDA will now focus mainly on the reclamation of Island A with the award of construction contract anticipated in 1Q2021. It is now ironing out several remaining issues with the Penang State Government and aiming to commence the reclamation works by mid-2021. In Australia, GAMUDA together with its respective JV partner, has been shortlisted to tender for 2 major infrastructure works, i.e. M6 Stage 1 project, a motorway link in Sydney, and 2 packages of Sydney Metro West project. The tender outcome for M6 Stage 1 project is expected to be known in 2Q21 while the tender for the first package of Sydney Metro West project is expected to be called in 2Q21. Besides, GAMUDA is working towards another project in Australia and the outcome of shortlisting for tender could be known about 6 months later. www.taonline.com.my Share Information Bl oomberg Code Burs a Stock Code Li s ti ng Sha re Ca p (mn) Ma rket Ca p (RMmn) 52-wk Hi /Lo (RM) 12-mth Avg Da i l y Vol ('000 s hrs ) Es ti ma ted Fre e Fl oa t (%) Beta Major Shareholders (%) GAM MK GAMUDA 5398 Ma i n Ma rke t 2,513.5 8119 4.30/2.36 4083.4 51.0 1.35 EPF - 14.38 Ama na h Sa ha m Na s i ona l - 12.66 KWAP - 8.23 Forecast Revision Foreca s t Revi s i on (%) Net profi t (RMmn) Cons ens us TA's / Cons e ns us (%) Pre vi ous Ra ti ng FY21 FY22 671.9 668.4 619.9 615.1 108.4 108.7 Se l l (Upgra de d) Financial Indicators Net De bt / Equi ty (%) CFPS (s e n) Pri ce / CFPS (x) ROA (%) NTA/Sha re (RM) Pri ce /NTA (x) FY21 37.7 6.4 50.9 3.7 3.6 0.9 FY22 38.1 3.4 96.7 3.5 3.7 0.9 % of FY 105.1 101.0 Above Wi thi n GAMUDA (4.4) (5.5) 9.4 (8.7) FBM KLCI (1.1) 1.4 12.4 (4.7) Scorecard vs . TA vs . Cons e ns us Share Performance (%) Price Change 1 mth 3 mth 6 mth 12 mth (12-Mth) Share Price relative to the FBMKLCI Source: Bloomberg Page 1 of 4
  18. 28-Sep-20 GAMUDA ’s outstanding order book eased from RM7.5bn a quarter ago to RM6.9bn (see Exhibit 1). Exhibit 1: Outstanding Order Book Major Projects Balance Works Completion Status (RMbn) % now completion date MRT Line 2 (50% share) 4.6 70 2022 Pan Borneo Highway (65%) 0.3 60 2021 Marine Bridge, Taiwan (70%) 0.3 6 2022 Bus Depot, Singapore (45%) 0.3 0 2023 Seawall project, Taiwan (70%) 0.7 0 2025 Various others 0.7 various various Total 6.9 Source: Gamuda, TA Research Property Development The property division concluded FY20 with property sales of RM2.2bn, with RM1.0bn achieved in 4QFY20 alone, driven mainly by overseas property projects such as Celadon City in Ho Chi Minh and OLA Residences in Singapore. This was a 29% drop from the property sales of RM3.1bn achieved in the previous year. For FY21, the management has set a sales target of RM3.5bn with RM2.2bn to be derived from overseas market. Unbilled property sales stood at RM3.3bn as of end-July 2020. Concessions Except for Smart Highway, the traffic volume for its highways has almost fully recovered, recording about 98% to 100% of pre-Covid level. Impact Maintain earnings forecasts. Outlook The outstanding construction order book stood at RM6.9bn. This could provide earnings visibility to the group for the next 2 years. Provided there is no resurgence of Covid-19 new cases and political shock, we expect to see an earnings rebound in FY21, driven mainly by recovery in the construction division as operations return to normalcy. Valuation We maintain the target price at RM3.50, based on CY21 earnings and unchanged target PE multiples of 20x, 8x and 12x for construction, property and concession divisions respectively. With the recent weakness in share price, we upgrade the stock from SELL to HOLD. Page 2 of 4
  19. 28-Sep-20 Exhibit 2 : Earnings Summary (RMmn) FYE 31 Jul 2019 Revenue 2020 2021F 2022F 2023F 4565.1 3663.0 4335.0 5485.0 4625.0 881.4 787.6 880.1 920.2 835.9 19.3 21.5 20.3 16.8 18.1 PBT 908.8 585.5 881.4 899.9 828.8 Adj PBT 908.8 733.6 881.4 899.9 828.8 Net profit 706.1 371.7 671.9 668.4 619.3 Adj net profit 706.1 519.8 671.9 668.4 619.3 EBITDA EBITDA margin (%) Adj EPS (sen) 28.6 20.9 26.5 26.1 23.9 EPS Growth (Core) (%) (15.7) (27.0) 27.1 (1.7) (8.4) PER (x) 11.4 15.6 12.2 12.5 13.6 (sen) 12.0 6.0 12.0 12.0 12.0 Div Yield (%) 3.7 1.8 3.7 3.7 3.7 EV/EBITDA (x) 5.4 9.0 5.3 4.9 6.2 ROE (%) 9.0 6.3 7.7 7.2 6.4 GDPS Exhibit 3: 4QFY20 Results Analysis (RMmn) YE 31 Jul 4Q19 3Q20 4Q20 QoQ YoY FY19 FY20 YoY Turnover 1499.4 549.9 926.5 68.5 (38.2) 4565.1 3663.0 (19.8) - Construction 589.6 285.4 590.0 106.7 0.1 1939.3 1835.8 (5.3) - Property 804.5 170.2 193.5 13.7 (75.9) 2146.5 1346.8 (37.3) - Water and toll 105.3 94.3 143.1 51.7 35.9 479.3 480.4 0.2 EBIT 143.6 5.7 233.9 3999.5 62.9 689.3 564.5 (18.1) Finance costs (18.6) (17.3) (63.1) 264.7 240.0 (91.9) (139.3) 51.6 JV 50.6 61.4 35.2 (42.7) (30.5) 184.8 192.2 4.0 Associates 48.1 15.3 24.8 62.4 (48.4) 126.6 116.2 (8.2) Adj PBT 223.7 65.1 230.8 254.6 3.2 908.8 733.6 (19.3) - Construction 37.9 10.7 62.2 483.6 64.1 282.9 239.3 (15.4) - Property 144.1 20.3 46.3 128.1 (67.8) 322.4 172.8 (46.4) - Water and toll 41.7 34.1 122.3 258.5 193.2 303.6 321.5 5.9 Taxation (31.1) (17.7) (77.4) 338.0 149.3 (150.7) (161.3) 7.0 7.7 7.2 22.6 215.1 194.6 52.1 52.5 0.8 184.9 40.2 (17.3) (143.1) (109.4) 706.1 371.7 (47.4) MI Reported Net Profit Core Net Profit (sen) 184.9 40.2 130.8 225.0 (29.3) 706.1 519.8 (26.4) Core EPS (sen) 7.5 1.6 5.2 225.2 (30.5) 28.6 20.9 (27.0) GDPS (sen) 0.0 0.0 0.0 na na 12.0 6.0 (50.0) % pts % pts % pts EBIT Margin (%) 9.6 1.0 25.2 24.2 15.7 15.1 15.4 0.3 Core PBT Margin (%) 14.9 11.8 24.9 13.1 10.0 19.9 20.0 0.1 Core Net Margin (%) 12.3 7.3 14.1 6.8 1.8 15.5 14.2 (1.3) Tax Rate (%) 13.9 27.2 93.6 66.4 79.7 16.6 27.5 11.0 Page 3 of 4
  20. 28-Sep-20 (TH I S P A GE IS IN TE N TI ON AL L Y L E F T B L AN K ) (THIS PAGE IS INTENTIONALLY LEFT BLAN 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, September 28, 2020, the analyst, Ooi Beng Hooi, 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 4 of 4
  21. Monday , 28 September, 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
  22. Technical View Monday , September 28, 2020 HIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Malaysia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my MBSB (1171) RM0.525 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 0.58 0.55 0.52 10-day 30-day 50-day RM RM RM DMI SELL Recent Signal Signal Change TENAGA (5347) RM RM RM SELL RM10.88 BOLLINGER BANDS SIMPLE MOVING AVERAGES 11.44 11.08 10.72 10-day 30-day 50-day BUY Recent Signal Signal Change DMI Recent Signal Signal Change 0.54 0.55 0.55 DAILY MACD Recent Signal Signal Change Upper Middle Lower www.taonline.com.my RM RM RM 11.07 11.08 11.15 DAILY MACD SELL Page 1 of 10
  23. 28-Sep-20 ARMADA (5210) RM0.265 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 0.30 0.26 0.23 10-day 30-day 50-day RM RM RM BUY Recent Signal Signal Change DMI DAILY MACD Recent Signal Signal Change HIBISCUS (5199) RM RM RM SIMPLE MOVING AVERAGES 0.64 0.56 0.48 10-day 30-day 50-day DMI Recent Signal Signal Change SELL RM0.51 BOLLINGER BANDS Upper Middle Lower 0.26 0.26 0.24 RM RM RM 0.52 0.58 0.59 DAILY MACD SELL Recent Signal Signal Change SELL Page 2 of 10
  24. 28-Sep-20 MRCB (1651) RM0.48 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 0.52 0.49 0.47 10-day 30-day 50-day RM RM RM DMI DAILY MACD Recent Signal Signal Change SELL Recent Signal Signal Change SAPURA ENERGY (5218) RM RM RM SIMPLE MOVING AVERAGES 0.13 0.12 0.10 10-day 30-day 50-day DMI Recent Signal Signal Change SELL RM0.105 BOLLINGER BANDS Upper Middle Lower 0.48 0.50 0.52 RM RM RM 0.11 0.12 0.11 DAILY MACD BUY Recent Signal Signal Change SELL Page 3 of 10
  25. 28-Sep-20 UEM SUNRISE (5148) RM0.37 BOLLINGER BANDS Upper Middle Lower RM RM RM Recent Signal Signal Change SIMPLE MOVING AVERAGES 0.41 0.39 0.37 SELL 10-day 30-day 50-day RM RM RM DAILY MACD Recent Signal Signal Change WAH SEONG (5142) RM RM RM SIMPLE MOVING AVERAGES 0.53 0.49 0.45 10-day 30-day 50-day DMI Recent Signal Signal Change BUY RM0.45 BOLLINGER BANDS Upper Middle Lower 0.38 0.40 0.41 RM RM RM 0.47 0.50 0.50 DAILY MACD SELL Recent Signal Signal Change SELL Page 4 of 10
  26. 28-Sep-20 Close Name 25 /Sep FBMKLCI 1509.14 Change High Low 8.34 1,516.00 1,505.05 Bollinger Bands RSI Lower Mid Upper 14d 10d Moving Averages 30d 50d DI + DI - DMI ADX MACD 1,481.76 1,515.60 1,549.44 41.00 1,505.98 1,532.97 1,555.62 12.33 22.78 32.12 Diff Line DMI MACD Signal Diff Recent Signal (10.45) (14.47) (14.53) 0.07 SELL DMI MACD Signal Change BUY - BUY - AFFIN 1.40 -0.02 1.42 1.40 1.38 1.44 1.49 40.11 1.42 1.47 1.52 12.58 19.40 34.05 (6.82) -0.03 -0.04 0.00 SELL BUY - ABMB 2.18 0.01 2.18 2.16 2.14 2.18 2.22 49.13 2.19 2.16 2.16 23.47 19.14 13.18 4.33 0.01 0.01 0.00 BUY BUY - - AMBANK 2.94 -0.01 2.97 2.94 2.94 3.01 3.08 42.52 3.01 3.00 3.01 13.03 19.95 9.38 (6.92) 0.00 0.00 (0.00) SELL SELL - SELL AXIATA 2.97 -0.02 3.03 2.97 2.96 3.08 3.21 40.04 3.10 3.10 3.16 19.17 19.02 25.33 0.15 -0.02 -0.02 0.00 BUY BUY - - CIMB 3.06 0.01 3.10 3.05 3.04 3.21 3.37 26.82 3.15 3.30 3.41 12.32 27.17 24.90 (14.86) -0.09 -0.09 (0.00) SELL SELL - - DIGI 4.02 -0.01 4.06 4.01 3.99 4.10 4.20 41.11 4.11 4.12 4.18 11.71 15.84 13.05 (4.13) -0.03 -0.02 (0.00) SELL SELL - - GAMUDA 3.25 -0.01 3.29 3.24 3.28 3.44 3.60 39.33 3.45 3.41 3.42 19.11 23.85 22.07 (4.74) -0.01 0.01 (0.01) SELL SELL SELL - GENTING 3.27 -0.01 3.31 3.26 3.25 3.47 3.68 31.31 3.38 3.58 3.70 12.00 28.96 25.98 (16.96) -0.12 -0.11 (0.01) SELL SELL - - GENM 2.10 -0.01 2.13 2.10 2.07 2.22 2.37 34.81 2.15 2.25 2.29 20.00 27.02 17.21 (7.02) -0.05 -0.04 (0.01) SELL SELL - - IHH 5.23 -0.02 5.30 5.21 5.15 5.35 5.56 44.48 5.34 5.37 5.38 19.93 12.08 24.38 7.85 -0.03 -0.01 (0.01) BUY SELL - - IOICORP 4.45 -0.03 4.51 4.40 4.40 4.46 4.53 51.08 4.46 4.48 4.48 11.65 15.96 15.58 (4.31) 0.00 0.00 0.00 SELL BUY - - MALAKOFF 0.97 0.02 0.97 0.95 0.95 0.98 1.02 40.09 0.98 0.98 0.97 15.02 23.11 21.34 (8.09) 0.00 0.00 0.00 SELL BUY - - MAXIS 4.97 0.01 5.00 4.94 4.97 5.07 5.16 41.33 5.07 5.07 5.15 12.06 15.41 12.53 (3.35) -0.03 -0.02 (0.00) SELL SELL - SELL MAYBANK 7.08 -0.01 7.15 7.08 7.04 7.31 7.58 36.66 7.30 7.42 7.55 12.94 23.57 20.69 (10.63) -0.10 -0.08 (0.02) SELL SELL - - MBSB 0.52 -0.01 0.53 0.52 0.52 0.55 0.58 38.90 0.54 0.55 0.55 12.28 21.87 16.66 (9.59) -0.01 -0.01 (0.00) SELL SELL - - RHBBANK 4.60 0.01 4.60 4.57 4.59 4.68 4.76 37.34 4.67 4.74 4.84 12.86 21.13 22.72 (8.27) -0.05 -0.05 0.01 SELL BUY - - SIME 2.40 0.05 2.42 2.32 2.18 2.29 2.41 59.96 2.32 2.25 2.21 19.44 11.78 35.48 7.66 0.04 0.04 (0.00) BUY SELL - - 10.88 0.06 10.96 10.82 10.72 11.08 11.44 41.46 11.07 11.08 11.15 16.94 14.06 17.64 2.87 -0.07 -0.04 (0.03) BUY SELL - - 4.15 0.02 4.17 4.10 3.97 4.17 4.38 51.28 4.19 4.03 4.01 21.26 22.79 23.85 (1.53) 0.06 0.07 (0.01) SELL SELL SELL SELL TENAGA TM WPRTS 3.86 -0.14 3.99 3.86 3.72 3.91 4.09 55.49 3.94 3.88 3.82 22.58 12.88 20.70 9.70 0.04 0.04 0.00 BUY BUY - - AEMULUS 0.62 0.01 0.63 0.61 0.58 0.66 0.74 47.21 0.63 0.66 0.57 18.34 15.53 26.10 2.81 0.00 0.02 (0.01) BUY SELL - - ARMADA 0.27 0.02 0.28 0.25 0.23 0.26 0.30 47.17 0.26 0.26 0.24 19.53 16.53 26.92 2.99 0.00 0.01 (0.00) BUY SELL - - DIALOG 3.75 -0.04 3.80 3.75 3.54 3.71 3.89 55.77 3.77 3.70 3.73 22.18 16.11 16.45 6.07 0.03 0.02 0.02 BUY BUY - - DNEX 0.18 0.00 0.19 0.18 0.17 0.21 0.25 28.31 0.19 0.22 0.23 12.13 26.78 26.45 (14.65) -0.01 -0.01 (0.00) SELL SELL - - FGV 1.20 0.03 1.20 1.18 1.13 1.22 1.31 45.77 1.22 1.20 1.19 22.88 18.15 23.08 4.73 0.01 0.02 (0.00) BUY SELL - - GADANG 0.40 -0.02 0.41 0.40 0.40 0.42 0.44 44.81 0.41 0.42 0.43 15.32 18.94 9.56 (3.63) 0.00 0.00 (0.00) SELL SELL - - GLOBETRONICS 2.69 0.03 2.70 2.62 2.55 2.75 2.96 46.42 2.71 2.77 2.68 13.59 30.21 22.85 (16.62) -0.01 0.01 (0.02) SELL SELL - - HIAP TECK 0.18 -0.01 0.19 0.18 0.14 0.18 0.23 50.18 0.20 0.18 0.17 27.22 20.28 27.38 6.93 0.01 0.01 (0.00) BUY SELL - SELL HIBISCUS 0.51 0.01 0.52 0.51 0.48 0.56 0.64 32.16 0.52 0.58 0.59 16.28 28.85 20.09 (12.57) -0.02 -0.02 (0.00) SELL SELL - - INARI 2.25 0.08 2.25 2.16 2.05 2.18 2.32 52.78 2.15 2.16 2.10 20.47 18.54 12.85 1.93 0.01 0.02 (0.01) BUY SELL - - 17.90 0.00 18.20 17.84 15.26 17.27 19.29 64.94 17.49 16.40 15.06 37.04 14.93 35.88 22.11 0.80 0.88 (0.09) BUY SELL - - MRCB 0.48 0.00 0.49 0.48 0.47 0.49 0.52 40.36 0.48 0.50 0.52 15.80 20.73 11.55 (4.92) -0.01 -0.01 (0.00) SELL SELL - - SAPURA ENERGY 0.11 -0.01 0.12 0.11 0.10 0.12 0.13 45.36 0.11 0.12 0.11 18.72 17.33 26.80 1.39 0.00 0.00 (0.00) BUY SELL - - SKP RESOURCES 1.80 0.09 1.81 1.71 1.43 1.60 1.77 62.68 1.63 1.55 1.49 26.29 14.67 30.16 11.62 0.06 0.05 0.01 BUY BUY - - SUNCON 1.78 -0.02 1.80 1.76 1.79 1.87 1.96 41.17 1.85 1.86 1.89 23.87 28.49 10.19 (4.62) -0.01 -0.01 (0.01) SELL SELL - - UEM SUNRISE 0.37 -0.01 0.38 0.37 0.37 0.39 0.41 37.32 0.38 0.40 0.41 17.71 23.33 12.78 (5.63) -0.01 -0.01 0.00 SELL BUY - - VELESTO 0.13 0.00 0.14 0.13 0.12 0.14 0.15 39.78 0.13 0.14 0.14 10.33 18.36 16.36 (8.03) 0.00 0.00 (0.00) SELL SELL - - UNISEM 3.49 0.02 3.49 3.46 3.24 3.54 3.84 53.29 3.48 3.48 3.18 20.23 24.28 21.60 (4.06) 0.06 0.10 (0.04) SELL SELL - - VS INDS 2.10 0.14 2.12 1.98 1.81 1.96 2.11 57.93 1.93 1.87 1.65 28.61 15.86 45.04 12.75 0.08 0.10 (0.02) BUY SELL - - WASEONG 0.45 -0.01 0.46 0.45 0.45 0.49 0.53 36.39 0.47 0.50 0.50 16.52 29.69 20.09 (13.17) -0.01 -0.01 (0.00) SELL SELL - - MPI 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
  27. 28-Sep-20 LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2020 TO CURRENT Stock ABMB AFFIN AMBANK AMBANK AMBANK AXIATA AXIATA BUMI ARMADA BUMI ARMADA BUMI ARMADA BUMI ARMADA CIMB CIMB CIMB CIMB DIALOG DIALOG DIALOG DIALOG DIGI DIGI DNEX DNEX DNEX FGV FGV FGV FGV GADANG GADANG GADANG GADANG GAMUDA GAMUDA GAMUDA GENM GENM GENTING GENTING GLOBETRONICS GLOBETRONICS HIAP TECK HIBISCUS HIBISCUS HIBISCUS HIBISCUS HIBISCUS IHH HEALTHCARE IHH HEALTHCARE INARI INARI MAXIS MAYBANK MAYBANK MAYBANK MBSB MRCB MRCB MRCB RHBBANK RHBBANK SAPURA ENERGY SAPURA ENERGY SUNCON TENAGA TM UEM SUNRISE UEM SUNRISE UEM SUNRISE VELESTO VELESTO VELESTO VS INDS VS INDS WAH SEONG WAH SEONG WAH SEONG WAH SEONG REC Date 11-Sep 8-Sep 2-Jun 17-Jul 2-Sep 26-Aug 9-Sep 23-Jun 7-Jul 11-Aug 22-Sep 2-Jun 17-Jul 14-Aug 8-Sep 23-Jun 7-Jul 12-Aug 17-Sep 26-Aug 9-Sep 26-Jun 18-Aug 17-Sep 25-Jun 8-Jul 18-Aug 15-Sep 25-Jun 8-Jul 27-Aug 18-Sep 16-Jul 25-Aug 18-Sep 14-Jul 3-Sep 14-Jul 3-Sep 19-Aug 10-Sep 15-Sep 5-Jun 24-Jun 9-Jul 12-Aug 22-Sep 16-Jul 25-Aug 19-Aug 10-Sep 4-Sep 3-Jun 2-Sep 11-Sep 24-Sep 3-Jul 27-Aug 25-Sep 3-Jun 14-Aug 13-Aug 23-Sep 28-Aug 24-Sep 4-Sep 3-Jul 28-Aug 25-Sep 24-Jun 9-Jul 13-Aug 26-Jun 10-Jul 5-Jun 10-Jul 11-Aug 23-Sep Total funds invested * Total unrealised profit/(loss) Return BUY Price 2.20 1.44 3.03 3.14 2.94 3.11 3.22 0.24 0.24 0.22 0.25 3.64 3.67 3.60 3.24 3.59 3.80 3.65 3.76 4.20 4.04 0.18 0.23 0.20 1.04 1.04 1.13 1.19 0.47 0.48 0.41 0.41 3.41 3.30 3.53 2.52 2.30 4.12 3.64 2.77 2.65 0.22 0.66 0.66 0.63 0.66 0.53 5.43 5.41 2.05 2.10 5.04 7.51 7.13 7.50 0.53 0.48 0.51 0.48 4.96 5.00 0.13 0.12 1.93 10.90 4.25 0.44 0.40 0.37 0.15 0.15 0.16 0.99 1.08 0.56 0.50 0.49 0.47 25-Sep-20 Price 2.18 1.40 2.94 2.94 2.94 2.97 2.97 0.27 0.27 0.27 0.27 3.06 3.06 3.06 3.06 3.75 3.75 3.75 3.75 4.02 4.02 0.18 0.18 0.18 1.20 1.20 1.20 1.20 0.40 0.40 0.40 0.40 3.25 3.25 3.25 2.10 2.10 3.27 3.27 2.69 2.69 0.18 0.51 0.51 0.51 0.51 0.51 5.23 5.23 2.25 2.25 4.97 7.08 7.08 7.08 0.52 0.48 0.48 0.48 4.60 4.60 0.11 0.11 1.78 10.88 4.15 0.37 0.37 0.37 0.13 0.13 0.13 2.10 2.10 0.45 0.45 0.45 0.45 Change (+/-) (0.02) (0.04) (0.09) (0.20) 0.00 (0.14) (0.25) 0.03 0.03 0.05 0.02 (0.58) (0.61) (0.54) (0.18) 0.16 (0.05) 0.10 (0.01) (0.18) (0.02) 0.00 (0.05) (0.02) 0.16 0.16 0.07 0.01 (0.08) (0.09) (0.02) (0.02) (0.16) (0.05) (0.28) (0.42) (0.20) (0.85) (0.37) (0.08) 0.04 (0.04) (0.15) (0.15) (0.12) (0.15) (0.02) (0.20) (0.18) 0.20 0.15 (0.07) (0.43) (0.05) (0.42) (0.01) 0.00 (0.03) 0.00 (0.36) (0.40) (0.03) (0.02) (0.15) (0.02) (0.10) (0.07) (0.03) 0.00 (0.02) (0.02) (0.03) 1.11 1.02 (0.11) (0.05) (0.04) (0.02) 172,820 (5,770) -3.34% % (0.91) (2.78) (2.97) (6.37) 0.00 (4.50) (7.76) 10.42 10.42 20.45 6.00 (15.93) (16.62) (15.00) (5.56) 4.46 (1.32) 2.74 (0.27) (4.29) (0.50) 0.00 (21.74) (10.00) 15.38 15.38 6.19 0.84 (15.96) (17.71) (3.66) (3.66) (4.69) (1.52) (7.93) (16.67) (8.70) (20.63) (10.16) (2.89) 1.51 (18.18) (22.73) (22.73) (19.05) (22.73) (3.77) (3.68) (3.33) 9.76 7.14 (1.39) (5.73) (0.70) (5.60) (1.89) 0.00 (5.88) 0.00 (7.26) (8.00) (19.23) (12.50) (7.77) (0.18) (2.35) (15.91) (7.50) 0.00 (13.33) (13.33) (18.75) 112.12 94.44 (19.64) (10.00) (8.16) (4.26) ST Upside Targets ** MT 2.71 1.64 3.69 3.69 3.69 3.54 3.54 0.38 0.38 0.38 0.38 3.97 3.97 3.97 3.97 4.29 4.29 4.29 4.29 4.46 4.46 0.28 0.28 0.28 1.50 1.50 1.50 1.50 0.56 0.56 0.56 0.56 4.00 4.00 4.00 2.84 2.84 4.18 4.18 3.03 3.03 0.27 0.66 0.66 0.66 0.66 0.66 6.42 6.42 2.54 2.54 5.52 8.51 8.51 8.51 0.61 0.62 0.62 0.62 5.31 5.31 0.18 0.18 2.20 12.02 5.17 0.48 0.48 0.48 0.19 0.19 0.19 2.44 2.44 0.60 0.60 0.60 0.60 2.48 1.57 3.40 3.40 3.40 3.30 3.30 0.33 0.33 0.33 0.33 3.63 3.63 3.63 3.63 3.99 3.99 3.99 3.99 4.30 4.30 0.24 0.24 0.24 1.38 1.38 1.38 1.38 0.50 0.50 0.50 0.50 3.76 3.76 3.76 2.60 2.60 3.94 3.94 2.90 2.90 0.24 0.56 0.56 0.56 0.56 0.56 5.97 5.97 2.40 2.40 5.34 8.14 8.14 8.14 0.57 0.55 0.55 0.55 5.10 5.10 0.14 0.14 1.99 11.63 4.68 0.43 0.43 0.43 0.16 0.16 0.16 2.22 2.22 0.53 0.53 0.53 0.53 LT 2.86 1.72 3.87 3.87 3.87 3.87 3.87 0.45 0.45 0.45 0.45 4.24 4.24 4.24 4.24 4.48 4.48 4.48 4.48 4.61 4.61 0.31 0.31 0.31 1.59 1.59 1.59 1.59 0.64 0.64 0.64 0.64 4.30 4.30 4.30 3.08 3.08 4.48 4.48 3.17 3.17 0.33 0.75 0.75 0.75 0.75 0.75 6.86 6.86 2.68 2.68 5.81 8.74 8.74 8.74 0.65 0.73 0.73 0.73 5.56 5.56 0.21 0.21 2.41 12.42 5.47 0.54 0.54 0.54 0.21 0.21 0.21 2.65 2.65 0.69 0.69 0.69 0.69 ST 13.76 12.14 15.65 15.65 15.65 11.11 11.11 24.53 24.53 24.53 24.53 18.63 18.63 18.63 18.63 6.40 6.40 6.40 6.40 6.97 6.97 33.33 33.33 33.33 15.00 15.00 15.00 15.00 26.58 26.58 26.58 26.58 15.69 15.69 15.69 23.81 23.81 20.49 20.49 7.81 7.81 33.33 9.80 9.80 9.80 9.80 9.80 14.15 14.15 6.67 6.67 7.44 14.97 14.97 14.97 9.62 14.58 14.58 14.58 10.87 10.87 33.33 33.33 11.80 6.89 12.77 16.22 16.22 16.22 23.08 23.08 23.08 5.71 5.71 17.78 17.78 17.78 17.78 % Upside MT 24.31 17.14 25.51 25.51 25.51 19.19 19.19 43.40 43.40 43.40 43.40 29.74 29.74 29.74 29.74 14.40 14.40 14.40 14.40 10.95 10.95 55.56 55.56 55.56 25.00 25.00 25.00 25.00 41.77 41.77 41.77 41.77 23.08 23.08 23.08 35.24 35.24 27.83 27.83 12.64 12.64 50.00 29.41 29.41 29.41 29.41 29.41 22.75 22.75 12.89 12.89 11.07 20.20 20.20 20.20 17.31 29.17 29.17 29.17 15.43 15.43 71.43 71.43 23.60 10.48 24.58 29.73 29.73 29.73 46.15 46.15 46.15 16.19 16.19 33.33 33.33 33.33 33.33 LT 31.19 22.86 31.63 31.63 31.63 30.30 30.30 69.81 69.81 69.81 69.81 38.56 38.56 38.56 38.56 19.47 19.47 19.47 19.47 14.68 14.68 72.22 72.22 72.22 32.50 32.50 32.50 32.50 62.03 62.03 62.03 62.03 32.31 32.31 32.31 46.67 46.67 37.09 37.09 17.84 17.84 83.33 47.06 47.06 47.06 47.06 47.06 31.17 31.17 19.11 19.11 16.90 23.45 23.45 23.45 25.00 52.08 52.08 52.08 20.87 20.87 100.00 100.00 35.39 14.15 31.81 45.95 45.95 45.95 61.54 61.54 61.54 26.19 26.19 53.33 53.33 53.33 53.33 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 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
  28. 28-Sep-20 Support & Resistance on Recommended Stocks Portfolio No. Stock Stock Code Name SL S2 S1 18/Sep R1 R2 R3 Ratio 0.181 AEMULUS 0.40 0.47 0.53 0.640 0.73 0.78 0.90 0.82 2 5210 ARMADA 0.15 0.18 0.21 0.270 0.33 0.38 0.45 3 7277 DIALOG 3.19 3.34 3.50 3.850 3.99 4.29 4.48 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 51.32 7.680 13.256 21.564 47.6 49.7 1.00 55.18 57.743 66.790 100.731 55.6 42.5 0.40 64.48 8.013 5.039 7.201 100.0 89.4 24.1 4 4456 DNEX 0.10 0.13 0.17 0.195 0.24 0.28 0.31 1.80 34.48 13.807 21.290 20.118 20.0 5 5222 FGV 0.99 1.05 1.15 1.340 1.38 1.50 1.59 0.21 68.96 67.545 7.278 9.917 91.7 85.5 6 9261 GADANG 0.28 0.33 0.38 0.420 0.50 0.56 0.64 2.00 48.71 1.702 5.309 4.291 55.6 51.9 7 5398 GAMUDA 2.54 2.87 3.15 3.500 3.76 4.00 4.30 0.74 53.54 4.448 2.325 2.200 58.3 55.6 8 7022 GTRONIC 2.18 2.30 2.45 2.750 2.90 3.03 3.17 0.50 50.97 1.692 2.194 2.283 69.6 62.6 9 5072 HIAP TECK 0.14 0.18 0.20 0.215 0.28 0.33 0.38 4.33 64.00 36.020 121.994 38.037 47.8 55.1 10 5199 HIBISCUS 0.34 0.40 0.44 0.540 0.56 0.66 0.75 0.20 40.07 18.760 21.326 21.996 43.5 32.6 49.3 11 0.166 INARI 1.63 1.80 1.90 2.150 2.40 2.54 2.68 1.00 51.09 4.518 9.840 12.377 58.6 12 3867 MPI 12.11 13.23 14.61 17.600 19.28 20.45 21.56 0.56 63.36 0.064 0.608 0.520 61.9 54.4 13 1651 MRCB 0.28 0.38 0.45 0.485 0.55 0.62 0.73 1.86 41.42 5.223 7.973 5.495 33.3 33.3 14 5218 SAPNRG 0.06 0.08 0.10 0.115 0.14 0.18 0.21 1.67 49.88 81.290 126.669 148.599 60.0 56.5 15 7155 SKPRES 1.12 1.23 1.37 1.700 1.80 1.94 2.05 0.30 65.36 4.727 9.892 6.970 90.9 87.1 16 5263 SUNCON 1.51 1.64 1.75 1.800 2.00 2.20 2.41 4.00 38.21 0.105 0.107 0.240 0.0 28.9 17 5148 UEM SUNRISE 0.27 0.32 0.35 0.395 0.43 0.48 0.54 0.78 47.91 18.759 6.579 4.057 70.0 63.3 34.4 18 5243 VELESTO 0.09 0.10 0.12 0.135 0.16 0.19 0.21 1.67 42.27 43.721 33.010 45.654 50.0 19 6963 VS INDS 1.40 1.52 1.73 1.980 2.08 2.22 2.44 0.40 59.73 8.636 17.039 28.873 63.9 52.9 20 5142 WAH SEONG 0.30 0.38 0.46 0.485 0.60 0.69 0.84 4.60 45.33 0.379 0.765 1.785 50.0 29.9 No. Stock Stock Code Name SL S2 S1 25/Sep R1 R2 R3 Ratio 0.181 AEMULUS 0.40 0.47 0.53 0.620 0.73 0.78 0.90 1.22 2 5210 ARMADA 0.15 0.18 0.21 0.265 0.33 0.38 0.45 3 7277 DIALOG 3.19 3.34 3.50 3.750 3.99 4.29 4.48 4 4456 DNEX 0.10 0.13 0.17 0.180 0.24 0.28 0.31 6.00 28.31 4.448 9.931 15.789 16.7 11.1 5 5222 FGV 0.99 1.05 1.15 1.200 1.38 1.50 1.59 3.60 49.51 2.172 25.485 12.997 32.0 26.7 20.8 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 48.96 5.273 7.567 14.236 25.0 21.7 1.18 53.69 69.571 32.661 102.420 50.0 25.0 0.96 51.51 2.432 11.143 8.382 45.9 54.1 6 9261 GADANG 0.28 0.33 0.38 0.395 0.50 0.56 0.64 7.00 38.60 2.604 2.016 4.171 0.0 7 5398 GAMUDA 2.54 2.87 3.15 3.250 3.76 4.00 4.30 5.10 38.85 2.481 2.215 2.140 2.8 0.9 8 7022 GTRONIC 2.18 2.30 2.45 2.690 2.90 3.03 3.17 0.88 48.31 2.084 1.416 1.992 50.0 45.4 9 5072 HIAP TECK 0.12 0.14 0.16 0.180 0.24 0.27 0.33 3.00 48.18 9.490 31.393 44.878 17.4 21.7 10 5199 HIBISCUS 0.34 0.40 0.44 0.510 0.56 0.66 0.75 0.71 34.36 6.323 8.430 16.720 30.8 25.1 82.9 11 0.166 INARI 1.63 1.80 1.90 2.250 2.40 2.54 2.68 0.43 60.10 10.573 6.986 10.601 100.0 12 3867 MPI 12.11 13.23 14.61 17.900 19.28 20.45 21.56 0.42 64.94 0.103 0.173 0.521 69.6 71.0 13 1651 MRCB 0.28 0.38 0.45 0.480 0.55 0.62 0.73 2.33 40.36 3.506 3.563 5.303 50.0 44.4 14 5218 SAPNRG 0.06 0.08 0.10 0.105 0.14 0.18 0.21 7.00 41.52 90.937 78.853 121.445 16.7 27.8 15 7155 SKPRES 1.12 1.23 1.37 1.800 1.80 1.94 2.05 0.00 68.04 9.891 7.540 7.364 97.6 85.7 16 5263 SUNCON 1.51 1.64 1.70 1.780 1.99 2.20 2.41 2.63 38.94 1.359 0.520 0.329 14.3 15.4 17 5148 UEM SUNRISE 0.27 0.32 0.35 0.370 0.43 0.48 0.54 3.00 34.92 1.205 4.599 4.756 22.2 33.3 18 5243 VELESTO 0.09 0.10 0.12 0.130 0.16 0.19 0.21 3.00 39.78 12.237 27.455 45.868 33.3 33.3 19 6963 VS INDS 1.40 1.52 1.73 2.100 2.22 2.44 2.65 0.32 65.21 39.267 11.821 17.673 94.6 81.5 20 5142 WAH SEONG 0.30 0.38 0.44 0.450 0.53 0.60 0.69 8.00 34.92 0.534 0.950 1.261 0.0 4.2 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 7 of 10
  29. 28-Sep-20 Support & Resistance on Momentum Stocks No. Stock Stock Stop-lossSupport 2SupportCurrent 1 price ResistanceResistance 1 Resistance 2 3Reward RSI Volume (mn Shares) Stochastics Code Name SL S2 S1 18/Sep R1 R2 R3 Ratio 1 5204 PRESTARIANG 0.36 0.45 0.52 0.635 0.70 0.78 0.85 0.57 36.47 14.009 19.994 23.171 14.7 9.1 2 0.138 MYEG 1.08 1.18 1.28 1.390 1.61 1.81 1.93 2.00 42.19 14.249 13.223 18.244 33.3 29.0 3 8877 EKOVEST 0.44 0.48 0.53 0.565 0.65 0.69 0.79 2.43 59.90 92.062 171.068 63.173 51.5 61.2 4 4723 JAKS 0.50 0.60 0.68 0.825 0.85 0.99 1.13 0.17 55.23 11.383 14.032 9.358 36.4 39.4 5 1589 IWCITY 0.40 0.45 0.51 0.595 0.77 0.89 1.04 2.06 49.76 20.849 35.245 18.440 27.3 36.1 6 7108 PERDANA 0.10 0.12 0.15 0.175 0.24 0.27 0.32 2.60 48.09 24.808 8.846 10.938 50.0 34.4 7 5216 DSONIC 0.69 0.83 0.99 1.120 1.26 1.42 1.55 1.08 36.72 4.163 9.719 7.448 42.4 33.0 8 5141 DAYANG 0.71 0.80 0.90 1.100 1.23 1.35 1.55 0.65 44.70 4.612 2.793 3.977 57.1 42.1 9 5253 ECONPILE 0.38 0.43 0.48 0.530 0.59 0.65 0.70 1.20 30.60 4.273 4.604 3.139 10.0 13.3 10 6181 MALTON 0.39 0.42 0.46 0.555 0.58 0.62 0.70 0.26 70.31 2.651 14.496 8.538 74.4 80.6 No. Stock Stock Code Name SL S2 S1 25/Sep R1 R2 R3 Ratio 1 5204 PRESTARIANG 0.30 0.36 0.45 0.510 0.70 0.78 0.85 3.17 31.62 10.128 12.249 21.090 5.6 10.3 2 0.138 MYEG 0.96 1.08 1.18 1.250 1.41 1.61 1.81 2.29 22.73 17.665 24.542 19.531 5.0 8.7 3 8877 EKOVEST 0.40 0.44 0.48 0.505 0.62 0.65 0.69 4.60 46.49 19.111 68.311 76.628 9.7 8.6 4 4723 JAKS 0.60 0.68 0.75 0.830 0.90 0.99 1.13 0.88 55.93 4.349 5.757 10.338 66.7 49.2 5 1589 IWCITY 0.40 0.45 0.51 0.565 0.77 0.89 1.04 3.73 43.07 5.755 16.190 20.731 8.3 11.1 6 7108 PERDANA 0.10 0.12 0.15 0.165 0.24 0.27 0.32 5.00 40.93 1.622 10.560 11.526 25.0 27.8 7 5216 DSONIC 0.54 0.69 0.81 1.000 1.11 1.24 1.40 0.58 28.20 6.095 6.192 6.641 11.8 18.8 8 5141 DAYANG 0.71 0.80 0.90 1.000 1.23 1.35 1.55 2.30 34.57 4.592 3.983 3.917 7.1 2.4 9 5253 ECONPILE 0.30 0.38 0.43 0.455 0.59 0.65 0.70 5.40 17.47 3.164 2.240 3.196 0.0 0.0 10 6181 MALTON 0.35 0.39 0.42 0.460 0.58 0.62 0.70 3.00 47.82 1.799 3.382 9.264 11.8 19.6 today 5d-avg 20d-avg %K Stop-lossSupport 2SupportCurrent 1 price ResistanceResistance 1 Resistance 2 3Reward RSI Volume (mn Shares) %D Stochastics today 5d-avg 20d-avg %K %D 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
  30. 28-Sep-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) stsoo@ta.com.my (A) Total 5D MF Prv. Chg (B) Cur. Chg www.taonline.com.my CLOSING PRICE 18-Sep 21-Sep 22-Sep 23-Sep 24-Sep (A+B) DMF 18-Sep 21-Sep 22-Sep 23-Sep 24-Sep Chg FBMKLCI (1.7) (7.0) 15.8 10.7 24.4 42.2 (5.1) 13.8 1,507 1,499 1,506 1,496 1,501 4.32 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 (0.1) 0.3 0.3 (0.5) (0.2) 0.0 (0.1) (0.5) (0.1) (0.2) 0.3 0.4 (0.5) (0.1) 0.3 0.0 0.0 0.7 0.5 0.1 (0.4) 0.2 0.1 (1.1) 0.0 0.0 0.0 0.1 0.2 (0.0) 0.0 (0.0) (0.2) (0.0) (0.1) (0.1) (0.0) (1.0) (0.0) 0.0 (0.2) 0.1 (0.2) 0.2 0.0 0.1 (0.4) 0.4 0.4 (0.6) 0.0 (0.1) (1.5) (0.1) 0.5 (0.7) (1.8) 0.2 (0.0) 0.0 0.0 (1.2) (0.0) (0.1) (0.0) 0.1 0.1 (0.1) (0.9) (0.1) (0.2) (0.2) (0.1) 0.0 (0.0) 0.1 (0.1) 0.9 (0.0) 0.0 (0.0) 0.4 0.0 (0.3) 0.3 (0.0) 0.1 0.6 (0.1) (0.0) (0.0) 0.2 1.2 (0.1) 0.2 0.0 0.9 0.1 (0.0) 0.1 0.0 0.9 (0.0) 0.4 (0.0) 0.1 (0.1) (0.1) (0.2) (0.1) 0.0 0.0 (0.2) 0.0 (0.0) (0.1) (0.1) 0.5 (0.0) (0.0) (0.1) (0.3) (0.1) (0.1) 0.0 (0.1) 1.0 2.6 0.2 0.1 (0.0) 0.1 0.6 0.0 (0.2) 0.7 0.3 0.0 (0.1) (0.2) (0.4) 0.2 0.0 (0.0) 0.0 0.1 (0.2) 0.1 (1.0) 0.2 (0.0) (0.3) (0.3) (0.0) 0.0 0.0 0.1 0.0 (0.0) 0.0 0.3 0.4 0.6 3.7 0.3 0.8 0.5 0.4 0.1 0.1 0.0 0.3 4.5 0.0 0.4 0.5 1.7 0.5 0.1 (0.0) (0.1) (1.0) (0.0) 0.5 0.0 0.1 0.0 (0.0) (0.7) 0.1 0.1 (0.2) (0.3) 0.1 0.0 (0.1) (0.0) 1.4 0.0 0.0 (0.1) 0.9 0.6 2.9 0.4 0.8 1.0 3.6 0.5 (0.7) 0.2 0.8 4.3 (0.2) 1.1 0.6 1.1 1.5 0.4 (0.0) (0.9) (0.9) (0.0) (0.3) 0.1 0.5 (0.2) 0.1 (2.5) 0.2 (0.1) (0.6) (1.2) 0.1 (0.1) (0.2) (0.2) 1.9 (0.0) (0.0) (0.1) (0.7) (0.2) 0.2 (0.3) (0.0) 0.9 1.9 0.2 0.1 (0.0) (0.1) (0.6) 0.1 (0.3) 0.7 (0.6) (0.1) (0.1) (0.3) (0.5) (0.7) 0.0 (0.4) 0.0 0.0 (0.1) 0.1 (0.8) 0.3 (0.0) (0.3) (0.1) (0.0) 0.0 0.1 0.1 (0.5) (0.0) 0.0 0.4 0.7 0.7 3.8 0.2 0.9 (0.5) (2.2) (0.1) (0.0) 0.1 0.2 3.8 (0.0) 0.5 (0.2) 1.3 0.5 0.2 0.2 0.3 (1.3) (0.0) 0.5 (0.0) 0.0 0.2 (0.1) 0.3 (0.1) 0.1 0.1 (0.1) 0.1 (0.0) (0.1) (0.1) 1.4 0.1 1.42 2.19 3.01 3.15 3.16 4.08 3.50 3.36 2.13 5.33 4.48 0.99 5.14 7.21 0.54 4.72 2.34 10.90 4.21 4.00 0.64 0.27 3.85 0.20 1.34 0.42 2.75 0.22 0.54 2.15 17.60 0.49 0.12 1.70 1.80 0.40 0.14 3.49 1.98 0.49 1.41 2.22 3.01 3.15 3.12 4.06 3.50 3.33 2.11 5.28 4.47 0.99 5.02 7.19 0.54 4.74 2.30 10.90 4.23 3.97 0.61 0.26 3.88 0.19 1.24 0.42 2.75 0.20 0.53 2.15 17.62 0.49 0.12 1.68 1.88 0.39 0.13 3.41 1.93 0.48 1.42 2.21 3.03 3.16 3.12 4.05 3.50 3.37 2.15 5.31 4.46 0.96 5.04 7.20 0.53 4.75 2.34 11.02 4.21 3.85 0.61 0.26 3.87 0.19 1.24 0.42 2.71 0.20 0.53 2.18 17.62 0.49 0.12 1.73 1.85 0.38 0.14 3.46 1.94 0.47 1.40 2.18 3.03 3.06 3.10 4.08 3.36 3.30 2.11 5.26 4.50 0.95 5.05 7.17 0.53 4.64 2.29 10.90 4.20 3.98 0.62 0.25 3.80 0.19 1.19 0.41 2.60 0.19 0.52 2.17 18.00 0.48 0.11 1.68 1.83 0.38 0.13 3.45 1.96 0.45 1.42 2.17 2.95 2.99 3.05 4.03 3.26 3.28 2.11 5.25 4.48 0.95 4.96 7.09 0.53 4.59 2.35 10.82 4.13 4.00 0.61 0.25 3.79 0.18 1.17 0.41 2.66 0.19 0.51 2.17 17.90 0.48 0.11 1.71 1.80 0.38 0.13 3.47 1.96 0.46 0.02 (0.01) (0.08) (0.07) (0.05) (0.05) (0.10) (0.02) 0.00 (0.01) (0.02) 0.00 (0.09) (0.08) 0.00 (0.05) 0.06 (0.08) (0.07) 0.02 (0.01) 0.00 (0.01) (0.01) (0.02) 0.00 0.06 (0.01) (0.01) 0.00 (0.10) 0.01 0.00 0.03 (0.03) (0.01) 0.00 0.02 0.00 0.01 OUT IN OUT IN IN OUT IN IN OUT IN IN IN IN IN IN IN IN IN IN IN OUT OUT OUT OUT IN IN IN IN IN OUT IN IN OUT OUT IN IN OUT IN IN IN Sources: Bloomberg, TA Securities Daily Money Flow (DMF) Formulation If previous change (A) + current change (B) > 0, then DMF = “IN”; AND if (A) + (B) < 0, then DMF = “OUT”. Money Flow (MF) Calculation The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade (the first trade of the day is compared to the previous day's close). If the prices differ, the money associated with the trade (price times number of shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks; subtractions (outflows, sells) are done on downticks. Daily Money Flow (DMF) Interpretation In general, money flow trends confirm price trends. As prices rise, money flows are usually positive. As prices fall, money flows are usually negative. A divergence, however, between money flow and price trend can be a signal of a future price trend change. For example, a falling stock price with a positive money flow (IN) can indicate a future rally in the price of the stock. Conversely, a rising stock price with a negative money flow (OUT) implies potential correction in the stock price. Page 9 of 10
  31. 28-Sep-20 Daily Money Flow of FBMKLCI Malaysia Chartist : Stephen Soo No Name 18-Sep Tel: +603-2167 9607 Total Money Flow (RM'mn) 21-Sep 22-Sep 23-Sep stsoo@ta.com.my 24-Sep 5D MF Total (A) Prv. Chg (B) Cur. Chg www.taonline.com.my 18-Sep 21-Sep CLOSING PRICE 22-Sep 23-Sep (A+B) 24-Sep Chg DMF FBMKLCI (1.7) (7.0) 15.8 10.7 24.4 42.2 (5.1) 13.8 1,507 1,499 1,506 1,496 1,501 4.32 IN 1 MAYBANK (0.5) (1.5) 1.2 0.6 4.5 4.3 (0.6) 3.8 7.21 7.19 7.20 7.17 7.09 (0.08) IN 2 PBBANK 0.2 (1.7) (1.0) (0.2) 0.5 (2.2) 0.8 0.7 15.94 15.68 15.86 15.64 15.52 (0.12) IN 3 TENAGA 0.0 (1.8) 0.9 0.3 1.7 1.1 (0.6) 1.3 10.90 10.90 11.02 10.90 10.82 (0.08) IN 4 CIMB (0.5) 0.2 (0.3) (0.1) 3.7 2.9 0.2 3.8 3.16 3.12 3.12 3.10 3.05 (0.05) IN 5 PCHEM 1.7 1.5 0.3 3.1 0.9 7.5 2.8 (2.2) 5.60 5.60 5.62 5.50 5.34 (0.16) IN 6 IHH (0.1) 0.4 (0.1) 0.2 0.1 0.5 0.2 (0.1) 5.33 5.28 5.31 5.26 5.25 (0.01) IN 7 AXIATA 0.3 (0.2) 0.0 (0.1) 0.6 0.6 (0.2) 0.7 3.15 3.15 3.16 3.06 2.99 (0.07) IN 8 MAXIS 0.4 (0.1) 0.2 0.1 0.3 0.8 (0.1) 0.2 5.14 5.02 5.04 5.05 4.96 (0.09) IN 9 HLBANK 0.4 (0.7) 0.0 (0.1) (0.1) (0.5) (0.1) (0.1) 14.76 14.84 14.94 14.90 14.90 0.00 OUT 10 SIME PLT 0.2 (0.9) (0.1) 0.2 0.3 (0.3) 0.3 0.0 5.03 5.05 5.05 5.05 5.05 0.00 IN 11 DIGI (0.2) 0.0 0.3 0.0 0.3 0.4 (0.3) 0.2 4.08 4.06 4.05 4.08 4.03 (0.05) OUT 12 NESTLE (0.2) (0.2) 0.1 0.3 0.2 0.2 0.2 (0.1) 139.00 139.30 139.20 140.80 140.00 (0.80) IN 13 PETGAS 0.2 (0.5) 0.3 (0.5) 0.0 (0.6) (0.8) 0.5 16.58 16.60 16.50 16.44 16.40 (0.04) OUT 14 GENTING (0.1) (0.4) 0.1 1.0 0.5 1.0 0.9 (0.5) 3.36 3.33 3.37 3.30 3.28 (0.02) IN 15 MISC (0.1) (0.4) 0.5 (0.4) (0.2) (0.7) (0.9) 0.2 7.55 7.45 7.50 7.47 7.45 (0.02) OUT 16 IOI CORP (0.2) (0.6) (0.0) 0.1 0.1 (0.7) 0.1 (0.0) 4.48 4.47 4.46 4.50 4.48 (0.02) IN 17 GENM (0.5) 0.4 0.6 2.6 0.4 3.6 1.9 (2.2) 2.13 2.11 2.15 2.11 2.11 0.00 OUT 18 KLK 0.9 (0.1) 0.1 (0.1) 0.1 0.9 (0.2) 0.2 22.38 22.64 22.70 22.64 22.78 0.14 OUT 19 PETDAG (0.8) (0.2) 0.1 (0.1) 0.0 (1.0) (0.2) 0.2 21.16 20.40 20.48 20.16 20.10 (0.06) OUT 20 HAP SENG 0.3 (0.1) 0.1 (0.0) 0.2 0.4 (0.1) 0.2 7.24 7.07 7.02 7.00 7.03 0.03 IN 21 HLFG 0.2 (0.1) 0.1 (0.2) 0.1 0.2 (0.4) 0.3 14.32 13.96 14.46 14.12 13.86 (0.26) OUT 22 PPB 0.1 0.9 0.3 (0.3) 0.3 1.4 (0.6) 0.6 18.74 19.04 19.14 19.12 18.88 (0.24) OUT 23 TOP GLOVE (4.9) 0.9 8.0 4.4 10.2 18.7 (3.6) 5.8 7.98 8.00 8.03 8.02 8.55 0.53 IN 24 RHBBANK 0.3 0.5 0.2 (0.2) 0.4 1.1 (0.3) 0.5 4.72 4.74 4.75 4.64 4.59 (0.05) IN 25 PMETAL 0.7 (0.0) 1.4 (0.1) 0.6 2.6 (1.5) 0.7 5.23 5.16 5.09 5.01 4.87 (0.14) OUT 26 SIME 0.0 (0.7) 0.0 0.7 0.5 0.6 0.7 (0.2) 2.34 2.30 2.34 2.29 2.35 0.06 IN 27 HARTALEGA (0.5) (0.2) 1.2 (0.8) (0.9) (1.2) (1.9) (0.1) 14.16 14.00 14.06 14.50 15.90 1.40 OUT 28 KLCCSS 0.1 (0.3) 0.0 (0.0) (0.0) (0.2) (0.0) (0.0) 7.65 7.61 7.75 7.77 7.84 0.07 OUT 29 DIALOG 0.2 (1.2) 0.9 0.2 (1.0) (0.9) (0.7) (1.3) 3.85 3.88 3.87 3.80 3.79 (0.01) OUT 30 TM 0.7 0.2 0.1 0.0 0.5 1.5 (0.1) 0.5 4.21 4.23 4.21 4.20 4.13 (0.07) IN 6.9 (8.6) (1.7) 5.1 (12.0) (7.0) 17.2 (1.4) 15.8 13.8 (3.2) 10.6 26.7 (2.3) 24.4 69.7 (27.5) 42.2 15 (15) 18 (12) 9 (21) 15 (15) 25 (5) (RM'mn) INFLOW OUTFLOW NET FLOW Daily Trading Participation COMPANIES INFLOW OUTFLOW Date Retail Institution Foreign Total 18-Sep 21-Sep 22-Sep 23-Sep 24-Sep 31.9% 38.5% 38.9% 40.5% 35.0% 41.9% 47.5% 47.4% 46.0% 51.7% 26.2% 14.0% 13.8% 13.5% 13.3% 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, September 28, 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
  32. Technical View Monday , September 28, 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 No Code Name Current Closing Market Price (RM) Volume Price to Book EPS (RM) PE Ratio (%) Operating 4Q19 1Q20 4Q19 1Q20 2018 2019 4Q19 Return on Revenue 1Q20 4Q19 1Q20 4Q19 1 0177 PASUKGB [S] 48,865,004 0.08 1,477,700 0.45 0.20 -0.01 0.00 NA NA -44.55 -162.45 -6.88 2 0105 ASIAPLY [S] 178,469,916 0.43 2,655,200 0.40 0.20 0.00 0.00 NA NA -7.13 3 0133 SANICHI [S] 94,247,614 0.06 6,943,800 0.23 0.21 0.00 0.00 NA NA 4 0018 ACCSOFT 135,550,650 0.04 178,877,100 0.68 0.21 0.00 0.00 13.33 8.33 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 -23.59 -101.42 5 0095 XINGHE 154,193,716 0.22 216,500 0.29 0.23 -0.17 0.00 NA NA -6.17 6.71 -16.01 -16.44 78.20 2.24 6 0148 SUNZEN 55,520,292 0.17 300 0.61 0.24 -0.02 0.00 NA NA -45.09 -15.01 -11.78 -13.29 41.91 21.34 -6.94 -16.25 7 0096 NEXGRAM [S] 94,349,779 0.04 86,764,600 0.25 0.25 -0.01 0.00 NA NA -118.52 -8.63 -8.16 12.00 -61.58 -21.01 9.55 15.73 8 0036 KGROUP [S] 54,443,427 0.08 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 0.11 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 IDMENSN [S] 16,317,731 10 0174 11 0154 12 0072 13 0070 14 0024 15 0107 16 0085 MLAB [S] 62,489,571 0.04 17 0165 XOX [S] 233,810,397 0.17 18 0039 GFM 93,512,363 0.17 19 0179 20 0150 21 0170 22 0156 5.70 2.20 0.08 180,000 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 EAH [S] 177,532,620 0.03 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 AT [S] 166,985,645 0.08 12,244,700 0.41 0.31 -0.01 0.00 NA NA -145.31 -52.31 -10.33 -11.39 4.53 3.62 -5.63 -8.75 MQTECH [S] 75,236,669 0.14 26,339,100 0.35 0.33 -0.01 0.00 NA NA -217.08 -38.34 -14.22 -14.23 1.81 1.94 -5.32 -7.48 107,358,366 0.18 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] 0.03 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 0.25 67,046,700 0.96 0.54 0.00 -0.01 14.89 19.07 119,271,394 0.10 66,982,800 0.32 0.54 -0.02 0.04 1.07 NA KANGER [S] 123,525,466 0.22 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 0.15 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 0.06 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 0.10 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 0.08 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 0.15 485,200 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 0.08 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 1.04 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 0.05 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 0.38 354,500 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
  33. 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 18/Sep R1 R2 R3 Ratio 1 0177 PASUKGB [S] 0.05 0.08 0.10 0.105 0.15 0.18 0.20 9.00 2 0105 ASIAPLY [S] 0.25 0.31 0.38 0.445 0.60 0.73 0.81 3 0133 SANICHI [S] 0.04 0.05 0.06 0.070 0.09 0.11 0.12 4 0018 LAMBO 0.01 0.02 0.03 0.040 0.08 0.10 5 0095 XINGHE 0.16 0.18 0.20 0.240 0.29 6 0148 SUNZEN 0.07 0.09 0.13 0.175 7 0096 NEXGRAM [S] 0.02 0.03 0.04 8 0036 KGROUP [S] 0.03 0.05 9 0160 HHHCORP [S] 0.06 10 0174 IDMENSN [S] 11 0154 12 0072 13 RSI Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 55.62 33.389 50.968 74.528 16.7 15.3 2.38 50.97 8.027 7.107 17.979 37.5 27.2 2.00 46.71 0.263 16.533 28.806 66.7 61.1 0.12 4.00 40.70 9.284 56.605 96.961 0.0 22.2 0.33 0.40 1.25 40.78 4.798 3.406 5.654 33.3 40.4 0.24 0.29 0.35 1.44 53.63 9.544 23.196 12.012 33.3 42.6 0.050 0.07 0.08 0.09 2.00 47.86 58.176 19.909 34.717 66.7 47.2 0.07 0.095 0.14 0.17 0.19 1.80 48.89 36.989 31.753 57.705 50.0 34.4 0.08 0.10 0.110 0.16 0.18 0.20 5.00 45.36 0.613 2.678 5.117 0.0 8.3 0.02 0.04 0.05 0.085 0.11 0.13 0.16 0.71 55.60 4.321 34.100 14.988 30.8 30.8 EAH [S] 0.01 0.01 0.02 0.030 0.05 0.06 0.07 2.00 46.67 6.455 6.914 21.316 50.0 44.4 AT [S] 0.05 0.06 0.07 0.085 0.13 0.15 0.19 3.00 46.59 9.735 50.218 68.895 50.0 36.7 0070 MQTECH [S] 0.09 0.11 0.13 0.150 0.19 0.24 0.30 2.00 46.97 9.441 41.725 109.586 21.4 18.0 14 0024 JAG [S] 0.10 0.14 0.16 0.195 0.25 0.28 0.32 1.57 39.86 0.700 4.816 4.630 60.0 56.1 15 0107 EDUSPEC [S] 0.01 0.01 0.02 0.030 0.05 0.07 0.09 1.33 47.08 1.772 29.065 17.268 50.0 50.0 16 0085 MLAB [S] 0.01 0.02 0.03 0.040 0.06 0.07 0.08 2.00 41.50 9.363 16.679 31.938 66.7 61.1 17 0165 XOX [S] 0.13 0.16 0.18 0.195 0.25 0.28 0.30 3.67 43.56 57.381 21.4 20.2 18 0039 GFM 0.10 0.13 0.15 0.190 0.23 0.28 0.34 1.00 58.06 4.997 7.775 7.420 83.3 72.2 19 0179 BIOHLDG [S] 0.16 0.19 0.22 0.270 0.32 0.35 0.37 1.00 50.49 19.480 23.150 63.041 66.7 59.0 20 0150 FINTEC 0.06 0.08 0.10 0.120 0.15 0.18 0.22 1.50 45.38 25.294 84.700 141.251 20.0 19.8 21 0170 KANGER [S] 0.16 0.19 0.22 0.300 0.32 0.38 0.42 0.25 66.77 86.769 84.6 84.6 22 0156 MPAY 0.10 0.12 0.14 0.155 0.20 0.22 0.24 3.00 50.81 2.116 3.223 5.281 50.0 33.3 23 0092 MTOUCHE [S] 0.05 0.06 0.07 0.080 0.11 0.13 0.15 3.00 44.74 2.188 23.771 31.046 60.0 51.0 24 0161 SCH [S] 0.04 0.06 0.08 0.115 0.13 0.15 0.18 0.43 50.47 7.181 18.168 8.302 33.3 33.3 25 0189 MATANG 0.05 0.06 0.07 0.085 0.10 0.11 0.12 1.00 52.66 8.466 1.740 4.680 50.0 33.3 26 0180 KTC [S] 0.11 0.13 0.14 0.160 0.21 0.24 0.27 2.50 44.60 3.916 1.232 1.442 40.0 18.9 27 0079 ORION [S] 0.05 0.06 0.08 0.090 0.13 0.15 0.17 4.00 46.48 15.745 14.410 26.353 20.0 10.8 28 0100 ESCERAM 0.58 0.70 0.86 1.000 1.20 1.32 1.61 1.43 49.83 9.060 20.986 15.914 55.1 64.2 29 0103 MNC 0.02 0.03 0.04 0.055 0.09 0.10 0.12 2.33 50.56 28.939 11.293 25.447 66.7 38.9 30 0035 OPCOM [S] 0.20 0.25 0.32 0.380 0.65 0.75 0.85 4.50 40.29 0.102 0.600 1.276 22.2 24.8 No. Stock Stock Code Name SL S2 S1 25/Sep R1 R2 R3 Ratio 1 0177 PASUKGB [S] 0.03 0.05 0.07 0.075 0.12 0.15 0.18 9.00 2 0105 ASIAPLY [S] 0.25 0.31 0.38 0.430 0.60 0.73 0.81 3 0133 SANICHI [S] 0.03 0.04 0.05 0.060 0.09 0.11 4 0018 LAMBO 0.01 0.02 0.03 0.035 0.08 0.10 5 0095 XINGHE 0.16 0.18 0.20 0.215 0.29 6 0148 SUNZEN 0.07 0.09 0.13 0.170 0.24 7 0096 NEXGRAM [S] 0.01 0.02 0.03 0.040 8 0036 KGROUP [S] 0.03 0.05 0.07 9 0160 HHHCORP [S] 0.06 0.08 10 0174 IDMENSN [S] 0.02 11 0154 EAH [S] 12 0072 13 Stop-loss Support 2 Support 1Current price Resistance 1 Resistance 2 Resistance 3 Reward 216.752 450.416 180.596 189.189 RSI Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K 42.05 88.133 108.327 100.943 8.3 %D 5.6 3.40 49.04 4.284 50.0 33.3 0.12 3.00 36.71 0.12 9.00 34.90 0.33 0.40 5.00 34.29 0.442 0.29 0.35 1.75 50.99 2.441 0.07 0.08 0.09 3.00 35.08 0.080 0.14 0.17 0.19 6.00 0.09 0.110 0.13 0.16 0.18 0.04 0.05 0.080 0.11 0.13 0.01 0.01 0.02 0.030 0.05 AT [S] 0.05 0.06 0.07 0.080 0070 MQTECH [S] 0.09 0.11 0.13 14 0024 JAG [S] 0.10 0.14 15 0107 EDUSPEC [S] 0.01 16 0085 MLAB [S] 0.01 17 0165 XOX [S] 0.10 18 0039 GFM 0.10 19 0179 BIOHLDG [S] 0.16 20 0150 FINTEC 0.05 21 0170 KANGER [S] 0.12 22 0156 MPAY 0.08 23 0092 MTOUCHE [S] 0.03 24 0161 SCH [S] 0.04 25 0189 MATANG 26 0180 27 28 4.599 13.433 8.631 7.037 12.470 0.0 0.0 80.578 61.494 81.391 25.0 16.7 2.328 3.558 27.3 25.2 7.334 10.920 13.3 17.8 4.583 25.863 26.972 0.0 33.3 41.19 23.972 29.456 56.541 16.7 11.1 1.00 47.52 1.314 1.692 4.509 33.3 22.2 0.16 1.00 50.26 5.620 19.186 17.813 23.1 28.2 0.06 0.07 2.00 49.49 57.531 4.090 12.406 100.0 33.3 0.13 0.15 0.19 5.00 45.05 45.702 28.143 37.757 33.3 22.2 0.135 0.19 0.24 0.30 11.00 43.31 17.865 21.354 94.719 33.3 26.3 0.16 0.180 0.25 0.28 0.32 3.50 35.84 5.423 2.124 3.059 37.5 45.8 0.01 0.02 0.025 0.05 0.07 0.09 2.50 41.85 4.182 16.640 16.280 0.0 0.0 0.02 0.03 0.035 0.06 0.07 0.08 5.00 36.46 9.511 11.874 29.274 33.3 33.3 0.13 0.16 0.170 0.21 0.25 0.28 4.00 37.33 64.392 0.13 0.15 0.170 0.23 0.28 0.34 3.00 43.19 1.158 16.961 0.19 0.22 0.245 0.32 0.35 0.37 3.00 43.55 10.405 0.07 0.08 0.100 0.15 0.18 0.22 2.50 36.83 58.145 0.16 0.19 0.220 0.32 0.38 0.42 3.33 45.81 0.10 0.12 0.145 0.20 0.22 0.24 2.20 43.26 1.050 3.004 0.04 0.05 0.060 0.09 0.11 0.13 3.00 28.29 115.740 48.726 0.06 0.08 0.095 0.13 0.15 0.18 2.33 36.31 2.401 4.704 0.05 0.06 0.07 0.080 0.10 0.11 0.12 2.00 45.61 1.648 KTC [S] 0.11 0.12 0.13 0.145 0.17 0.19 0.21 1.67 37.63 0079 ORION [S] 0.05 0.06 0.07 0.080 0.13 0.15 0.17 5.00 0100 ESCERAM 0.58 0.70 0.86 1.040 1.20 1.32 1.61 0.89 29 0103 MNC 0.02 0.03 0.04 0.045 0.09 0.10 0.12 30 0035 OPCOM [S] 0.20 0.25 0.32 0.375 0.65 0.75 0.85 118.104 369.926 0.0 9.7 10.710 11.1 18.5 19.097 28.902 20.0 27.9 58.578 134.346 12.5 8.3 132.124 216.986 127.192 18.5 32.1 3.942 0.0 13.3 34.954 16.7 20.6 7.865 11.1 11.1 14.936 6.373 0.0 0.0 0.704 1.695 1.651 25.0 15.0 41.87 9.133 11.589 22.091 25.0 15.0 51.63 9.191 11.740 11.677 62.6 58.3 9.00 36.91 8.927 52.176 26.838 25.0 27.8 5.00 39.09 0.255 0.486 1.076 22.2 29.6 Sources: Bloomberg, TA Securities Legend: Reward Ratio = (R1 - CP)/ (CP - S1) Where CP = Current Price Upgrade in price levels shaded dark green and bold Downgrade in price levels lightly shaded RSI: The Relative Strength Index (RSI) is used to measure the velocity of a security's price movement to identify overbought and oversold conditions. RSI reading below 30 indicates an oversold condition, while RSI value greater than 70 indicates overbought condition. Stochastics: measures the velocity of a security's price movement to identify overbought and oversold conditions. The indicator measures current price relative to highs and lows over a time period. When Reward Ratio increase to > 1; RSI < 30 & Stochastics %K & %D < 30 = oversold; look to BUY When Reward Ratio decrease to < 1; RSI > 70 & Stochastics %K & %D > 70 = overbought; look to SELL Page 2 of 2
  34. 3131 Technical View Monday , September 28, 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 0.205 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 0.080 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 0.150 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 0.265 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 0.145 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 0.535 452,000 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 0.180 310,000 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 0.215 299,700 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 0.290 187,000 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 0.485 405,100 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 0.500 179,000 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 0.250 220,500 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 0.090 14,485,100 0.22 0.15 0.00 0.00 14 7028 ZECON [S] 75,662,173 0.445 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 0.455 860,100 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 0.140 2,109,100 0.18 0.17 0.00 0.00 10.00 36.00 65.90 SEACERA [S] 122,761,040 0.265 422,900 NA NA 62.54 -833.14 -15.48 -5.42 9679 WCT [S] 663,025,194 0.395 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 0.270 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 0.200 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 0.090 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 0.735 128,000 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 0.085 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 0.735 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
  35. 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 18/Sep 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 50.85 2 5256 REACH [S] 0.03 0.05 0.07 0.085 0.13 0.15 0.18 3.00 45.33 7.375 9.129 8.371 40.0 23.7 3 5187 HBGLOB 0.10 0.12 0.14 0.210 0.22 0.23 0.25 0.14 67.45 100.134 42.397 15.310 85.7 66.7 4 5101 EVERGRN [S] 5 5657 PARKSON [S] 6 8702 TEXCHEM 0.31 7 4251 IBHD [S] 0.12 8 3778 MELEWAR [S] 0.12 9 5098 MASTEEL [S] 0.20 10 5202 MSM [S] 11 5038 12 today 1.340 5d-avg 20d-avg 0.921 1.144 Stochastics %K %D 57.1 63.5 0.14 0.18 0.20 0.280 0.32 0.37 0.40 0.50 57.03 11.100 42.651 43.867 36.0 33.3 0.08 0.13 0.16 0.180 0.30 0.35 0.42 6.00 76.90 72.855 308.406 79.500 44.2 45.0 0.36 0.47 0.565 0.64 0.75 0.92 0.79 44.08 0.021 0.204 0.428 48.1 40.3 0.14 0.16 0.210 0.23 0.27 0.31 0.40 64.78 7.721 1.982 3.791 87.5 60.9 0.14 0.16 0.225 0.27 0.31 0.38 0.69 49.22 0.459 1.366 5.844 28.6 38.1 0.23 0.25 0.300 0.39 0.45 0.53 1.80 47.88 0.531 1.015 1.743 42.9 52.4 0.35 0.40 0.46 0.520 0.60 0.69 0.80 1.33 38.69 1.279 1.721 2.632 42.9 20.0 KSL [S] 0.40 0.43 0.46 0.515 0.60 0.66 0.72 1.55 30.34 1.540 1.564 0.680 18.2 14.4 5205 SENDAI [S] 0.17 0.20 0.24 0.270 0.30 0.34 0.40 1.00 50.56 6.945 4.374 1.829 20.0 40.0 13 9342 ANZO [S] 0.05 0.07 0.09 0.115 0.16 0.20 0.26 1.80 50.55 14.516 78.307 33.486 46.2 63.9 14 7028 ZECON [S] 0.28 0.36 0.42 0.495 0.60 0.70 0.83 1.40 46.87 0.040 0.144 0.830 44.4 30.2 15 4243 WTK [S] 0.30 0.36 0.42 0.500 0.58 0.64 0.74 1.00 57.04 6.341 2.204 7.852 81.3 57.5 16 8893 MKLAND [S] 0.08 0.10 0.12 0.145 0.17 0.19 0.22 1.00 54.21 1.202 1.267 2.947 66.7 44.4 17 7073 SEACERA [S] 0.20 0.22 0.25 0.270 0.34 0.40 0.46 3.50 42.48 0.243 1.275 1.252 25.0 23.3 18 9679 WCT [S] 0.24 0.30 0.35 0.420 0.47 0.61 0.72 0.71 49.55 3.640 17.440 11.410 46.2 58.0 19 4235 LIONIND [S] 0.20 0.23 0.25 0.290 0.34 0.39 0.43 1.25 49.36 1.887 10.435 6.116 45.5 48.5 20 7164 KNM [S] 0.08 0.13 0.17 0.215 0.28 0.32 0.38 1.44 48.58 54.761 45.399 58.300 66.7 45.8 21 5115 ALAM [S] 0.03 0.05 0.07 0.095 0.14 0.16 0.20 1.80 49.07 36.839 13.088 21.486 50.0 43.3 22 3395 BJCORP 0.15 0.17 0.18 0.190 0.23 0.26 0.29 4.00 42.59 6.499 8.224 8.577 0.0 13.3 23 5843 KPS [S] 0.59 0.66 0.75 0.855 0.91 0.99 1.05 0.52 73.52 6.674 6.342 3.720 89.6 84.8 24 5932 BPURI 0.05 0.06 0.07 0.095 0.12 0.14 0.16 1.00 57.91 13.416 54.208 38.765 50.0 65.3 25 2194 MMCCORP [S] 0.45 0.55 0.64 0.795 0.85 0.94 1.06 0.35 69.16 1.221 3.520 2.891 83.3 92.5 No. Stock Stock Code Name SL S2 S1 25/Sep R1 R2 R3 Ratio 1 6807 PUNCAK [S] 0.13 0.16 0.19 0.205 0.24 0.28 0.32 2.33 48.19 2 5256 REACH [S] 0.03 0.05 0.07 0.080 0.13 0.15 0.18 5.00 43.26 2.826 3 5187 HBGLOB 0.10 0.12 0.14 0.150 0.22 0.23 0.25 7.00 44.40 14.421 4 5101 EVERGRN [S] 0.14 0.18 0.20 0.265 0.32 0.37 0.40 0.85 52.46 7.979 5 5657 PARKSON [S] 0.06 0.08 0.10 0.145 0.20 0.30 0.35 1.22 58.49 6 8702 TEXCHEM 0.31 0.36 0.47 0.535 0.64 0.75 0.92 1.62 42.32 7 4251 IBHD [S] 0.12 0.14 0.16 0.180 0.23 0.27 0.31 2.50 8 3778 MELEWAR [S] 0.12 0.14 0.16 0.215 0.27 0.31 0.38 9 5098 MASTEEL [S] 0.20 0.23 0.25 0.290 0.39 0.45 10 5202 MSM [S] 0.35 0.40 0.46 0.485 0.60 11 5038 KSL [S] 0.40 0.43 0.46 0.500 12 5205 SENDAI [S] 0.17 0.20 0.24 13 9342 ANZO [S] 0.03 0.05 14 7028 ZECON [S] 0.28 0.36 15 4243 WTK [S] 0.30 0.36 16 8893 MKLAND [S] 0.08 17 7073 SEACERA [S] 18 9679 19 Stop-loss Support 2 Support 1 Current price Resistance 1 Resistance 2 Resistance 3 Reward Volume (mn Shares) RSI today Stochastics %K %D 1.177 42.9 28.6 5.404 7.995 33.3 22.2 59.605 28.903 6.3 8.8 12.655 43.537 30.8 21.3 49.232 74.081 97.716 26.2 22.2 0.051 0.074 0.174 41.2 29.4 46.11 0.414 3.057 2.330 12.5 20.8 1.00 45.02 0.153 0.426 1.528 14.3 14.3 0.53 2.50 42.70 0.364 0.327 0.928 16.7 22.2 0.69 0.80 4.60 30.44 0.616 1.195 2.148 21.4 14.5 0.60 0.66 0.72 2.50 24.72 0.351 0.747 0.771 16.7 9.3 0.250 0.30 0.34 0.40 5.00 40.51 0.400 2.435 2.357 14.3 12.1 0.07 0.090 0.16 0.20 0.26 3.50 40.90 9.195 24.924 32.546 7.7 12.8 0.42 0.445 0.60 0.70 0.83 6.20 39.76 0.013 0.083 0.816 8.3 19.4 0.42 0.455 0.58 0.64 0.74 3.57 44.54 1.238 4.044 4.442 22.2 27.8 0.10 0.12 0.140 0.17 0.19 0.22 1.50 48.45 1.900 15.432 5.831 14.3 14.3 0.20 0.22 0.25 0.265 0.34 0.40 0.46 5.00 40.39 0.551 0.357 1.049 33.3 44.4 WCT [S] 0.24 0.30 0.35 0.395 0.47 0.61 0.72 1.67 39.03 5.461 5.840 11.356 14.3 14.3 4235 LIONIND [S] 0.20 0.23 0.25 0.270 0.34 0.39 0.43 3.50 42.28 3.929 2.330 4.729 16.7 8.6 20 7164 KNM [S] 0.08 0.13 0.17 0.200 0.28 0.32 0.38 2.67 39.89 28.599 33.841 51.271 20.0 20.0 21 5115 ALAM [S] 0.03 0.05 0.07 0.090 0.14 0.16 0.20 2.50 46.56 0.894 13.751 18.355 33.3 11.1 22 3395 BJCORP 0.15 0.17 0.18 0.190 0.23 0.26 0.29 4.00 44.34 4.268 5.916 8.211 33.3 22.2 23 5843 KPS [S] 0.52 0.59 0.66 0.735 0.91 0.99 1.05 2.33 54.41 1.166 3.204 4.115 39.6 44.4 24 5932 BPURI 0.05 0.06 0.07 0.085 0.12 0.14 0.16 2.33 49.47 6.260 23.013 43.911 14.3 14.3 25 2194 MMCCORP [S] 0.45 0.55 0.64 0.735 0.85 0.94 1.06 1.21 48.42 2.614 1.691 2.578 21.1 16.1 0.280 5d-avg 20d-avg 0.696 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
  36. Technical View Monday , September 28, 2020 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Stock Screen Malaysia End Day Census of 25.09.2020 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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Stock Name CAREPLUS GROUP BHD TOP GLOVE CORP BHD ADVENTA BHD SCGM BHD HONG LEONG BANK BERHAD TIME DOTCOM BHD HARTALEGA HOLDINGS BHD PENTAMASTER CORP BHD HLT GLOBAL BHD KHIND HOLDINGS BERHAD SCIENTEX BHD NEGRI SEMBILAN OIL PALMS BHD INARI AMERTRON BHD HARN LEN CORP BHD NPC RESOURCES BHD FAVELLE FAVCO BHD SYARIKAT TAKAFUL MALAYSIA KE INTA BINA GROUP BHD MAJ UPERAK HOLDINGS BHD MKH BHD Price 3.18 8.80 2.40 3.11 14.84 12.14 17.00 4.60 1.66 2.02 9.92 2.94 2.25 0.71 1.91 2.37 5.00 0.35 0.42 1.29 Bollinger Band Lower Middle Upper 2.25 3.00 3.75 6.98 8.16 9.35 1.84 2.37 2.90 2.59 3.05 3.51 14.39 14.77 15.16 11.27 11.85 12.43 11.59 14.44 17.29 4.28 4.85 4.56 1.08 1.49 1.91 1.47 1.86 2.26 8.64 9.36 10.07 2.59 2.80 3.02 2.05 2.18 2.32 0.51 0.65 0.78 1.72 1.85 1.97 2.00 2.22 2.43 4.88 4.97 5.06 0.22 0.31 0.40 0.25 0.36 0.47 1.19 1.26 1.34 RSI 14-day 51.89 56.78 48.92 53.73 52.16 60.71 62.55 54.00 53.92 56.15 69.95 60.78 60.10 68.31 53.92 70.39 56.49 58.14 60.02 54.31 5-day 2.86 8.12 2.33 2.86 14.87 12.15 14.52 4.58 1.58 2.13 9.84 2.94 2.16 0.70 1.87 2.34 4.97 0.35 0.44 1.31 Moving Average 10-day 30-day 2.81 3.27 7.96 8.30 2.35 2.55 2.86 3.12 14.84 14.75 12.04 11.53 13.81 15.25 4.56 4.51 1.50 1.58 1.97 1.79 9.43 9.31 2.87 2.76 2.15 2.16 0.68 0.57 1.84 1.85 2.29 2.14 4.95 4.93 0.34 0.28 0.37 0.36 1.27 1.26 50-day 3.18 8.38 2.57 3.00 14.80 11.27 16.50 4.42 1.48 1.72 9.29 2.68 2.10 0.52 1.85 2.17 4.79 0.26 0.34 1.27 Vol 90,249,700 76,218,500 6,885,500 3,577,000 692,100 1,076,200 13,183,600 2,229,900 90,494,500 62,500 541,500 2,500 10,566,200 1,953,300 1,100 146,500 933,000 14,241,300 6,013,300 288,800 20-day avg vol 46,002,830 91,661,350 5,747,325 2,269,395 867,630 1,076,940 11,196,560 2,355,085 53,394,350 69,125 615,645 885 10,600,600 1,478,720 360 165,615 366,240 11,776,090 2,413,125 299,300 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
  37. *Note: To qualify in the breakout list below, the first sorting criteria is stock price must close ABOVE the upper Bollinger Band, followed by a second criteria that trading volume for the day must be significantly higher than the 20-day average volume, which signal a bullish breakout. Caveat: We would caution momentum traders that a highly overbought 14-day RSI reading (> 80) and share price pullback BELOW the upper Bollinger Band are early warning signals to exit buy breakout trades. [UPPER BOLLINGER BREAKOUT] Top 20 Breakout Stocks (Generally BULLISH, but can be short-term TAKE PROFIT/SELL guide) No Stock Name 1 AEON CREDIT SERVICE M BHD 2 J ADE MARVEL GROUP BHD 3 EURO HOLDINGS BHD 4 FAR EAST HOLDINGS BHD 5 LOTTE CHEMICAL TITAN HOLDING 6 FCW HOLDINGS BHD 7 PROLEXUS BHD 8 BOUSTEAD HEAVY INDUSTRIES CO 9 MALAYAN CEMENT BHD 10 POH HUAT RESOURCES HLDGS BHD 11 PERAK CORP BHD 12 SKP RESOURCES BHD 13 MYNEWS HOLDINGS BHD 14 SWS CAPITAL BHD 15 PETERLABS HOLDINGS BHD 16 REX INDUSTRY BERHAD 17 TA ENTERPRISE BERHAD 18 SIG GASES BHD 19 ALCOM GROUP BHD 20 ADVANCE SYNERGY BHD Raw data sourced from Bloomberg Price 10.80 0.98 1.70 2.55 1.96 0.80 0.79 0.69 1.88 1.51 0.20 1.80 0.62 0.62 0.27 0.25 0.61 0.46 0.45 0.18 Bollinger Band Lower 8.57 0.71 1.48 2.13 1.65 0.50 0.62 0.55 1.76 1.31 0.14 1.42 0.58 0.54 0.21 0.23 0.61 0.44 0.39 0.11 Middle 9.38 0.80 1.56 2.31 1.79 0.63 0.69 0.61 1.82 1.41 0.17 1.61 0.60 0.58 0.24 0.24 0.61 0.45 0.42 0.14 Upper 10.19 0.90 1.64 2.50 1.92 0.76 0.75 0.66 1.87 1.50 0.19 1.80 0.62 0.61 0.26 0.25 0.61 0.46 0.45 0.18 RSI 14-day 79.65 70.47 67.39 73.23 63.39 67.24 70.81 69.73 50.89 62.56 58.22 68.04 57.11 75.63 62.21 56.33 62.41 59.98 59.16 64.98 Moving Average 5-day 9.62 0.81 1.55 2.39 1.81 0.63 0.71 0.62 1.82 1.43 0.17 1.70 0.60 0.60 0.24 0.24 0.61 0.45 0.42 0.15 10-day 9.38 0.79 1.54 2.31 1.80 0.60 0.69 0.61 1.82 1.41 0.17 1.63 0.60 0.59 0.24 0.24 0.61 0.45 0.42 0.14 30-day 9.19 0.81 1.58 2.32 1.79 0.62 0.68 0.61 1.86 1.39 0.17 1.55 0.60 0.56 0.24 0.24 0.61 0.45 0.42 0.14 50-day 9.20 0.86 1.51 2.29 1.89 0.60 0.66 0.62 1.99 1.31 0.16 1.49 0.64 0.50 0.24 0.25 0.60 0.45 0.41 0.14 Vol 709,500 17,800 304,500 2,300 11,341,300 56,300 7,376,100 356,600 100,400 2,783,900 100 9,868,100 363,700 227,000 6,909,000 661,800 431,800 191,000 141,000 261,000,700 20-day avg vol 228,085 4,800 1,130,335 4,285 2,902,440 3,570 787,260 95,400 192,195 1,791,440 3,980 7,363,710 896,325 112,365 4,122,235 62,935 1,432,810 167,360 51,980 55,349,760 *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) No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Stock Name SAUDEE GROUP BHD K SENG SENG CORP BHD MY EG SERVICES BHD LINGKARAN TRANS KOTA HLDGS PETRONAS DAGANGAN BHD MAA GROUP BHD SYMPHONY LIFE BHD GAS MALAYSIA BHD YTL HOSPITALITY REIT CAHYA MATA SARAWAK BHD ECONPILE HOLDINGS BHD THETA EDGE BHD CAPITALAND MALAYSIA MALL TRU MPHB CAPITAL BHD M3 TECHNOLOGIES ASIA BHD GADANG HOLDINGS BHD DESTINI BHD PANTECH GROUP HOLDINGS BHD OCR GROUP BERHAD MUHIBBAH ENGINEERING (M) BHD Price 0.36 0.49 1.25 3.98 19.76 0.67 0.60 2.72 0.72 1.19 0.46 0.32 0.62 0.84 0.11 0.40 0.23 0.36 0.25 0.77 Bollinger Band RSI Lower Middle Upper 14-day 0.39 0.49 0.60 24.53 0.50 0.55 0.60 42.91 1.27 1.40 1.53 22.73 3.99 4.12 4.25 36.26 19.77 20.59 21.40 40.27 0.68 0.72 0.75 33.18 0.61 0.67 0.74 38.53 2.73 2.77 2.81 39.31 0.72 0.76 0.80 30.32 1.20 1.37 1.55 26.12 0.46 0.55 0.64 17.47 0.32 0.37 0.42 32.67 0.62 0.66 0.70 25.89 0.84 0.87 0.89 40.93 0.11 0.14 0.16 36.09 0.40 0.42 0.44 38.60 0.23 0.28 0.33 36.24 0.36 0.36 0.37 35.93 0.25 0.28 0.30 37.46 0.77 0.80 0.83 32.04 Raw data sourced from Bloomberg Page 2 of 3 5-day 0.44 0.54 1.33 4.05 20.46 0.71 0.65 2.75 0.74 1.31 0.51 0.35 0.64 0.85 0.13 0.41 0.26 0.37 0.27 0.79 Moving Average 10-day 30-day 50-day 0.47 0.52 0.48 0.55 0.55 0.50 1.37 1.41 1.42 4.10 4.10 4.09 20.49 20.71 20.79 0.71 0.72 0.72 0.66 0.67 0.58 2.76 2.76 2.77 0.75 0.77 0.83 1.32 1.45 1.56 0.52 0.57 0.59 0.36 0.39 0.38 0.65 0.67 0.69 0.86 0.88 0.86 0.14 0.14 0.13 0.41 0.42 0.43 0.28 0.29 0.26 0.36 0.37 0.37 0.28 0.28 0.27 0.80 0.81 0.84 Vol 1,652,500 225,600 17,581,400 62,800 122,400 39,600 1,529,900 6,900 2,752,500 8,490,900 3,164,200 8,000 753,500 41,000 1,437,000 2,604,400 7,715,500 718,800 340,700 1,062,200 20-day avg vol 1,756,120 759,570 19,531,360 81,485 277,050 74,795 3,062,580 159,145 1,822,890 2,182,195 3,195,695 30,550 559,975 86,385 9,464,860 4,171,350 27,400,540 274,460 9,798,280 1,375,315
  38. *Note: The list below is the 20 most overbought of the 1000 over Bursa Malaysia listed stocks with 14-day RSI above 80. It is generally a bearish or SELL list, especially if the readings approach 90. Caveat: The list consists of fundamentally sound stocks, and hence are long-term BUY or HOLD stocks. TOP 20 OVERBOUGHT STOCKS (Generally BEARISH short-term, but are LONG-TERM BUY or HOLD) No Stock Name Bollinger Band Price 1 AMANAH HARTA TANAH PNB 2 CHIN HIN GROUP BHD 3 AEON CREDIT SERVICE M BHD 4 KWANTAS CORP BHD 5 SWS CAPITAL BHD 6 FAR EAST HOLDINGS BHD 7 PROLEXUS BHD 8 J ADE MARVEL GROUP BHD 9 FAVELLE FAVCO BHD 10 SCIENTEX BHD 11 BOUSTEAD HEAVY INDUSTRIES CO 12 EMICO HOLDINGS BHD 13 HARN LEN CORP BHD 14 SKP RESOURCES BHD 15 EURO HOLDINGS BHD 16 FCW HOLDINGS BHD 17 APOLLO FOOD HOLDINGS BHD 18 SUNGEI BAGAN RUBBER (M) 19 MIECO CHIPBOARD BERHAD 20 V.S. INDUSTRY BERHAD Raw data sourced from Bloomberg 0.93 1.38 10.80 1.39 0.62 2.55 0.79 0.98 2.37 9.92 0.69 0.31 0.71 1.80 1.70 0.80 3.90 2.80 0.40 2.10 RSI Moving Average Lower Middle Upper 14-day 5-day 10-day 30-day 50-day 0.50 0.73 0.96 84.72 0.88 0.77 0.71 0.71 1.22 1.35 1.48 81.48 1.39 1.39 1.16 0.96 8.57 9.38 10.19 79.65 9.62 9.38 9.19 9.20 1.05 1.30 1.55 79.00 1.36 1.34 1.01 0.80 0.54 0.58 0.61 75.63 0.60 0.59 0.56 0.50 2.13 2.31 2.50 73.23 2.39 2.31 2.32 2.29 0.62 0.69 0.75 70.81 0.71 0.69 0.68 0.66 0.71 0.80 0.90 70.47 0.81 0.79 0.81 0.86 2.00 2.22 2.43 70.39 2.34 2.29 2.14 2.17 8.64 9.36 10.07 69.95 9.84 9.43 9.31 9.29 0.55 0.61 0.66 69.73 0.62 0.61 0.61 0.62 0.25 0.28 0.32 68.92 0.30 0.29 0.24 0.21 0.51 0.65 0.78 68.31 0.70 0.68 0.57 0.52 1.42 1.61 1.80 68.04 1.70 1.63 1.55 1.49 1.48 1.56 1.64 67.39 1.55 1.54 1.58 1.51 0.50 0.63 0.76 67.24 0.63 0.60 0.62 0.60 3.79 3.86 3.92 66.79 3.88 3.87 3.82 3.77 2.44 2.71 2.97 65.98 2.80 2.80 2.62 2.58 0.29 0.35 0.41 65.51 0.37 0.36 0.32 0.30 1.80 1.97 2.13 65.21 1.95 1.93 1.87 1.65 Vol 20-day avg vol 178,200 1,216,500 709,500 82,600 227,000 2,300 7,376,100 17,800 146,500 541,500 356,600 7,051,900 1,953,300 9,868,100 304,500 56,300 33,000 6,900 3,469,100 39,179,400 181,465 3,923,410 228,085 896,555 112,365 4,285 787,260 4,800 165,615 615,645 95,400 3,994,795 1,478,720 7,363,710 1,130,335 3,570 9,900 14,845 4,783,390 17,673,040 *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 ECONPILE HOLDINGS BHD 2 BINTULU PORT HOLDINGS BHD 3 UZMA BHD 4 DELEUM BERHAD 5 MY EG SERVICES BHD 6 YINSON HOLDINGS BHD 7 HO HUP CONSTRUCTION CO BHD 8 KKB ENGINEERING BHD 9 SAUDEE GROUP BHD 10 KSL HOLDINGS BHD 11 CAPITALAND MALAYSIA MALL TRU 12 CAHYA MATA SARAWAK BHD 13 EASTERN & ORIENTAL BHD 14 MULPHA INTERNATIONAL BHD 15 DATASONIC GROUP BHD 16 MTOUCHE TECHNOLOGY BHD 17 DAGANG NEXCHANGE BHD 18 CIMB GROUP HOLDINGS BHD 19 PERMAJ U INDUSTRIES BERHAD 20 PANASONIC MANUFACTURING MALA Raw data sourced from Bloomberg 0.46 3.68 0.47 0.52 1.25 5.70 0.41 1.41 0.36 0.50 0.62 1.19 0.39 1.32 1.00 0.06 0.18 3.06 0.19 28.40 Bollinger Band RSI Lower Middle Upper 14-day 0.46 0.55 0.64 17.47 3.56 3.80 4.03 18.59 0.46 0.53 0.60 20.68 0.51 0.57 0.63 21.29 1.27 1.40 1.53 22.73 5.69 6.03 6.37 22.82 0.39 0.45 0.51 23.89 1.41 1.51 1.62 24.47 0.39 0.49 0.60 24.53 0.48 0.53 0.58 24.72 0.62 0.66 0.70 25.89 1.20 1.37 1.55 26.12 0.38 0.40 0.42 26.40 1.30 1.45 1.60 27.64 0.94 1.16 1.38 28.20 0.06 0.08 0.10 28.29 0.17 0.21 0.25 28.31 3.03 3.19 3.35 28.43 0.16 0.30 0.45 28.81 26.77 29.57 32.38 29.02 Moving Average 5-day 10-day 30-day 50-day 0.51 0.52 0.57 0.59 3.68 3.70 3.87 3.99 0.49 0.50 0.55 0.57 0.54 0.55 0.59 0.60 1.33 1.37 1.41 1.42 5.88 5.93 6.12 6.14 0.42 0.43 0.46 0.48 1.46 1.48 1.56 1.59 0.44 0.47 0.52 0.48 0.51 0.51 0.54 0.55 0.64 0.65 0.67 0.69 1.31 1.32 1.45 1.56 0.39 0.39 0.40 0.40 1.36 1.41 1.48 1.45 1.07 1.08 1.23 1.31 0.07 0.08 0.09 0.08 0.19 0.19 0.22 0.23 3.11 3.15 3.30 3.41 0.23 0.26 0.30 0.31 28.31 28.38 30.19 30.52 Vol 20-day avg vol 3,164,200 3,000 595,900 89,000 17,581,400 618,700 851,200 162,900 1,652,500 350,900 753,500 8,490,900 331,800 100 6,090,400 115,890,100 4,398,300 9,931,200 31,918,700 1,900 3,195,695 11,435 1,849,870 223,125 19,531,360 820,835 1,079,460 81,870 1,756,120 770,805 559,975 2,182,195 776,685 34,555 6,641,290 34,953,940 15,789,010 15,319,780 57,932,900 37,305 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, September 28, 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
  39. Monday , 28 September, 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
  40. Technical View Monday , September 28, 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 COMMONWEALTH BANK OF AUST AUD66.13 BOLLINGER BANDS Upper Middle Lower AUD AUD AUD SIMPLE MOVING AVERAGES 69.56 66.16 62.76 10-day 30-day 50-day AUD AUD AUD SELL Recent Signal DMI BOLLINGER BANDS AUD AUD AUD 17.85 16.96 16.06 SELL AUD17.58 WESTPAC BANKING CORP SIMPLE MOVING AVERAGES 10-day 30-day 50-day DMI Recent Signal 64.71 67.51 69.58 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my AUD AUD AUD 16.59 17.13 17.27 DAILY MACD SELL Recent Signal SELL Page 1 of 5
  41. 28-Sep-20 AUS & NZ BANKING GROUP AUD17.93 BOLLINGER BANDS SIMPLE MOVING AVERAGES Upper Middle Lower AUD AUD AUD 18.73 17.60 16.47 10-day 30-day 50-day AUD AUD AUD SELL Recent Signal DMI 17.13 17.88 18.00 DAILY MACD Recent Signal NATIONAL AUSTRALIA BANK SELL AUD18.37 BOLLINGER BANDS SIMPLE MOVING AVERAGES Upper AUD 18.05 10-day AUD 17.14 Middle Lower AUD AUD 17.39 16.73 30-day 50-day AUD AUD 17.54 17.62 SELL Recent Signal DMI Recent Signal DAILY MACD SELL Page 2 of 5
  42. 28-Sep-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 BHP GROUP LTD RIO TINTO COMMONW BK AUSTR WESTPAC BANKING AUST AND NZ BANK NATL AUST BANK WESFARMERS WOODSIDE PETRO NEWCREST MINING FORTESCUE METALS QBE INSURANCE ORIGIN ENERGY AMP SANTOS MACQUARIE GROUP SUNCORP GROUP ORICA OIL SEARCH COCA-COLA AMATIL AMCOR STOCKLAND ALUMINA COMPUTERSHARE QANTAS AIR WAYS SIMS METAL MGMT Close Bollinger Bands RSI Moving Averages DMI MACD DMI MACD Change High Low 25-Sep Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent Signal 5964.90 88.95 5973.70 5875.90 5762.37 5934.65 6106.93 45.19 5876.42 5998.38 6017.41 21.45 29.21 24.74 (7.76) -49.89 -45.20 (4.689) SELL SELL 37.60 98.00 66.13 17.58 17.93 18.37 45.75 18.32 31.60 15.91 8.68 4.51 1.35 5.12 121.67 8.59 16.40 2.78 9.63 15.05 3.71 1.43 12.29 3.88 8.01 0.69 0.81 1.93 1.21 1.06 1.18 0.14 0.35 0.91 -0.04 -0.03 0.04 -0.01 0.09 -0.06 0.15 0.24 0.05 0.04 0.09 0.08 0.02 0.08 0.01 0.02 37.80 99.17 66.78 17.60 17.95 18.42 45.98 18.34 31.60 16.17 8.83 4.54 1.39 5.13 123.00 8.64 16.43 2.78 9.69 15.20 3.73 1.44 12.37 3.90 8.11 37.20 97.89 65.23 17.03 17.13 17.73 45.22 18.07 30.82 15.82 8.60 4.45 1.34 4.97 121.18 8.47 16.23 2.72 9.48 14.95 3.67 1.41 12.17 3.82 7.95 36.24 95.14 62.76 16.06 16.47 16.73 43.11 17.70 30.46 15.56 8.36 4.12 1.32 4.91 117.23 8.42 15.85 2.63 8.88 14.86 3.50 1.40 11.66 3.78 7.75 37.31 99.12 66.16 16.96 17.60 17.39 45.87 18.61 31.80 17.33 9.51 4.94 1.43 5.26 124.29 8.99 16.88 2.99 9.19 15.18 3.71 1.50 12.55 3.92 8.17 38.38 103.10 69.56 17.85 18.73 18.05 48.64 19.53 33.15 19.09 10.67 5.77 1.54 5.60 131.36 9.56 17.90 3.35 9.50 15.50 3.92 1.60 13.44 4.06 8.60 45.39 42.67 37.13 40.55 38.73 46.58 48.04 35.67 37.89 35.77 29.16 27.88 39.96 38.99 44.70 37.78 38.04 35.60 65.80 44.07 48.73 32.21 39.45 50.44 44.80 37.25 99.95 64.71 16.59 17.13 17.14 44.86 18.24 32.14 16.67 9.03 4.59 1.39 5.15 121.19 8.77 16.52 2.83 9.27 15.26 3.66 1.46 12.20 3.91 8.26 37.84 38.03 27.14 35.65 12.33 (8.52) 99.71 101.24 21.39 40.38 14.18 (18.99) 67.51 69.58 19.56 35.69 24.07 (16.13) 17.13 17.27 21.87 34.69 12.19 (12.81) 17.88 18.00 20.67 31.78 14.32 (11.11) 17.54 17.62 23.20 28.46 9.97 (5.26) 46.73 46.60 22.06 24.65 24.12 (2.59) 19.11 19.65 16.86 28.95 24.51 (12.09) 32.27 33.43 23.22 37.67 14.57 (14.45) 17.66 17.54 19.31 37.75 24.28 (18.44) 9.92 9.98 11.73 40.42 34.93 (28.70) 5.17 5.38 9.15 37.56 41.13 (28.42) 1.41 1.44 18.12 27.26 15.43 (9.14) 5.41 5.46 17.89 28.20 16.58 (10.31) 125.54 125.50 24.25 30.30 18.50 (6.05) 9.03 8.95 14.92 33.41 19.77 (18.49) 17.27 17.30 16.67 35.56 22.99 (18.89) 3.02 3.03 15.39 29.24 21.78 (13.85) 9.18 8.92 32.29 12.64 25.65 19.66 15.29 15.21 27.38 32.27 9.80 (4.89) 3.68 3.53 22.97 24.99 13.35 (2.02) 1.54 1.58 16.51 34.85 19.45 (18.33) 12.91 13.18 16.58 29.61 22.18 (13.03) 3.87 3.72 28.59 24.46 14.87 4.13 8.20 8.20 22.42 21.88 15.13 0.54 -0.26 -0.58 -1.61 -0.29 -0.38 -0.19 -0.60 -0.47 -0.36 -0.46 -0.38 -0.28 -0.02 -0.12 -1.46 -0.14 -0.37 -0.09 0.12 0.01 0.01 -0.04 -0.32 0.04 -0.01 -0.24 -0.31 -1.49 -0.22 -0.29 -0.16 -0.56 -0.49 -0.36 -0.22 -0.29 -0.26 -0.01 -0.10 -1.11 -0.06 -0.26 -0.06 0.09 0.01 0.03 -0.04 -0.32 0.06 0.02 (0.016) (0.268) (0.125) (0.071) (0.096) (0.027) (0.043) 0.014 (0.004) (0.240) (0.087) (0.021) (0.009) (0.011) (0.351) (0.081) (0.116) (0.023) 0.028 (0.007) (0.020) (0.006) (0.007) (0.020) (0.028) SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL BUY BUY SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 3 of 5
  43. 28-Sep-20 Fundamentals of Foreign Technical Picks Bloomberg Stock Name Ticker BHP AU BHP GROUP LTD RIO AU RIO TINTO LTD CBA AU COMMONW BK AUS TR WBC AU WE S TPAC BANKING ANZ AU AUS T AND NZ BANK NAB AU NATL AUS T BANK WES AU WE S FARME RS LTD WPL AU WOODS IDE PE TRO NCM AU NEWCRES T MINING FMG AU FORTE S CUE ME TALS QBE AU QBE INS URANCE ORG AU ORIGIN ENERGY AMP AU AMP LTD S TO AU S ANTOS LTD MQG AU MACQUARIE GROUP S UN AU S UNCORP GROUP LT ORI AU ORICA LTD OS H AU OIL S E ARCH LTD CCL AU COCA-COLA AMATIL AMC AU AMCOR LTD S GP AU S TOCKLAND AWC AU ALUMINA LTD CPU AU COMPUTERS HARE LT QAN AU QANTAS AIRWAYS S GM AU S IMS ME TAL MGMT Close Target Price % upside 2020 37.60 39.64 98.00 EPS ($) 2021 2020 PER(x) 2021 Div Yield(%) 2020 2021 52week Price High Low % Chg YTD 5% 1.79 1.75 14.9 15.2 3.606 3.497 41.47 24.05 -3.39 102.44 4% 6.28 5.82 11.0 11.9 4.419 4.254 107.79 72.77 -2.39 66.13 67.30 2% 3.90 4.41 17.0 15.0 3.839 4.730 91.05 53.44 -17.23 17.58 19.37 9% 0.96 1.47 18.3 11.9 1.621 4.454 30.05 13.47 -27.45 17.93 20.68 13% 1.36 1.52 13.2 11.8 3.558 4.467 28.79 14.10 -27.20 18.37 20.48 10% 1.20 1.42 15.3 12.9 3.381 4.437 30.00 13.20 -25.42 45.75 45.43 -1% 1.73 1.86 26.4 24.6 3.325 3.556 49.67 29.64 10.92 18.32 25.57 28% 0.52 0.80 25.0 16.2 2.260 3.111 36.29 14.93 -46.71 31.60 36.19 13% 1.41 1.25 15.9 17.9 0.788 0.690 38.15 20.70 4.46 15.91 15.44 -3% 1.58 1.00 7.1 11.2 7.115 4.425 19.56 8.13 48.83 8.68 11.24 23% -0.32 0.49 NA 12.6 1.313 3.433 15.19 7.13 -32.61 4.51 6.57 31% 0.23 0.35 19.3 12.9 4.102 5.255 8.89 3.75 -46.63 1.35 1.61 17% 0.10 0.11 13.6 12.2 7.584 3.271 1.95 1.01 -24.84 5.12 6.61 23% 0.18 0.23 20.6 15.5 1.094 1.270 9.07 2.73 -37.41 121.67 129.97 6% 6.04 7.90 20.2 15.4 3.003 4.527 152.35 70.45 -11.74 8.59 10.41 17% 0.66 0.73 13.1 11.8 5.320 6.345 13.93 7.30 -33.72 16.40 18.04 9% 0.84 0.98 19.6 16.8 2.396 3.238 24.27 13.25 -25.39 2.78 3.92 29% 0.02 0.09 89.5 22.6 0.108 1.007 7.91 1.81 -60.65 9.63 9.69 1% 0.42 0.50 22.9 19.3 2.679 4.247 13.18 7.77 -12.93 15.05 16.19 7% 0.70 0.74 15.3 14.4 3.189 3.302 16.53 9.86 -3.34 3.71 3.94 6% 0.30 0.32 12.2 11.7 6.523 6.927 5.47 1.72 -19.70 1.43 1.83 22% 0.06 0.06 18.0 16.8 3.930 4.000 2.51 1.30 -38.04 12.29 13.88 11% 0.51 0.57 17.2 15.2 2.392 2.596 18.39 8.27 -26.76 3.88 8.01 4.23 9.03 8% 11% -0.45 0.18 0.26 0.51 NA NA 14.8 15.6 0.747 0.924 1.856 2.684 7.46 11.92 2.02 5.52 -45.43 -24.93 Note: The above data is based on Bloomberg consensus Page 4 of 5
  44. 28-Sep-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 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 RIO TINTO RIO TINTO SANTOS LTD SANTOS LTD SANTOS LTD SANTOS LTD 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 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 25/Feb/20 15/May/20 25/Mar/20 23/Apr/20 22/Jul/20 11/Aug/20 3/Feb/20 3/Jul/20 4/Dec/19 20/Feb/20 Total funds invested * Total unrealised profit Return 25-Sep-20 Price 1.41 1.53 1.55 30.59 35.64 37.24 13.77 116.10 125.26 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 95.26 83.26 3.52 3.99 5.34 5.78 12.94 8.96 24.29 33.23 1.43 1.43 1.43 37.60 37.60 37.60 12.29 121.67 121.67 18.37 2.78 2.78 2.78 16.40 16.40 4.51 4.51 3.88 3.88 3.88 8.68 8.68 98.00 98.00 5.12 5.12 5.12 5.12 8.59 8.59 17.58 18.32 Change (+/-) 0.02 (0.11) (0.13) 7.01 1.96 0.36 (1.48) 5.57 (3.59) 0.30 (3.64) (0.52) (0.44) (5.58) (0.62) (3.10) 0.08 (1.79) (3.07) 0.26 0.87 (0.11) 2.74 14.74 1.60 1.13 (0.22) (0.66) (4.35) (0.37) (6.71) (14.91) pct ST 1.06 (6.86) (8.06) 22.92 5.50 0.97 (10.75) 4.80 (2.87) 1.66 (56.70) (15.76) (13.66) (25.39) (3.64) (40.74) 1.81 (31.57) (44.17) 7.18 11.14 (1.25) 2.88 17.70 45.45 28.32 (4.12) (11.42) (33.62) (4.13) (27.62) (44.87) 754,550 (14,755) -1.96% Upside Targets MT LT 1.65 1.87 2.05 1.65 1.87 2.05 1.65 1.87 2.05 42.33 46.64 49.30 42.33 46.64 49.30 42.33 46.64 49.30 15.02 15.80 16.42 133.08 152.35 171.74 133.08 152.35 171.74 20.00 21.57 23.18 3.24 3.87 4.13 3.24 3.87 4.13 3.24 3.87 4.13 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 12.17 107.79 116.05 121.16 107.79 116.05 121.16 5.90 6.65 7.57 5.90 6.65 7.57 5.90 6.65 7.57 5.90 6.65 7.57 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 15.79 15.79 15.79 12.58 12.58 12.58 22.21 9.38 9.38 8.87 16.55 16.55 16.55 13.29 13.29 9.31 9.31 21.65 21.65 21.65 17.97 17.97 9.99 9.99 15.23 15.23 15.23 15.23 13.27 13.27 12.23 10.64 % Upside MT 31.23 31.23 31.23 24.04 24.04 24.04 28.56 25.22 25.22 17.42 39.21 39.21 39.21 16.89 16.89 26.16 26.16 38.14 38.14 38.14 29.15 29.15 18.42 18.42 29.88 29.88 29.88 29.88 21.42 21.42 17.01 28.60 LT 43.86 43.86 43.86 31.12 31.12 31.12 33.60 41.15 41.15 26.18 48.56 48.56 48.56 22.80 22.80 39.69 39.69 58.51 58.51 58.51 40.21 40.21 23.63 23.63 47.85 47.85 47.85 47.85 30.73 30.73 22.92 43.12 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, September 28, 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
  45. Technical View Monday , September 28, 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 HSBC HKD28.20 BOLLINGER BANDS Upper Middle Lower HKD HKD HKD 35.30 31.87 28.44 SIMPLE MOVING AVERAGES 10-day 30-day 50-day HKD HKD HKD DMI SELL Recent Signal BOLLINGER BANDS HKD HKD HKD 5.64 5.38 5.12 SELL HKD5.02 CHINA CONTRUCTION BANK SIMPLE MOVING AVERAGES 10-day 30-day 50-day DMI Recent Signal 30.55 32.60 33.61 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my HKD HKD HKD 5.29 5.52 5.65 DAILY MACD SELL Recent Signal SELL Page 1 of 5
  46. 28-Sep-20 ICBC HKD3 .99 BOLLINGER BANDS Upper Middle Lower HKD HKD HKD 4.47 4.26 4.06 SIMPLE MOVING AVERAGES 10-day 30-day 50-day HKD HKD HKD DMI DAILY MACD Recent Signal SELL Recent Signal BANK OF CHINA HKD HKD HKD 2.59 2.51 2.43 SELL HKD2.40 BOLLINGER BANDS Upper Middle Lower 4.21 4.39 4.54 SIMPLE MOVING AVERAGES 10-day 30-day 50-day HKD HKD HKD 2.50 2.55 5.59 DAILY MACD Recent Signal SELL Recent Signal SELL Page 2 of 5
  47. 28-Sep-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. Clos e Name 25-Sep HANG S E NG 23,235.42 HS BC CH MOBILE CCONB ICBC CNOOC CH LIF E BOC S HK P R OP P E TR O CH TE NCE NT HKS E CK HUTCHIS ON P ING AN S INOP E C COR P CH S HE NHUA CLP BOC HK HS BANK HK&CH GAS S WIR E HL P R OP WHAR F CH OV LAND P OWE R AS S E TS HE NDE RS ON BOCOMM CH COAL CH UNICOM BK E AS IA E S P R IT MTR S INO LAND CH R E S NE W WOR LD CH R E S LAND CH ME R CHANT CH R E S P OWE R ALCOR P CATHAY CITIC COS CO CITIC S E CURITIE S CO GE NHK AIA S ANDS CHINA GALAXY 28.20 50.35 5.02 3.99 7.44 17.10 2.40 98.05 2.33 503.50 355.80 46.55 80.35 3.14 13.54 73.80 20.45 112.20 11.32 36.30 19.60 14.90 19.28 41.55 28.75 3.66 1.86 5.29 14.24 0.84 39.70 9.07 46.80 37.20 33.90 7.83 8.62 1.57 5.22 5.68 4.15 16.46 0.26 77.65 29.95 52.20 Change High Lower (75.65) (0.40) 0.40 (0.04) (0.03) (0.07) (0.10) (0.01) (0.50) (0.01) (1.50) (1.80) 0.20 (0.10) 0.05 0.06 1.55 0.00 1.10 0.18 (0.20) (0.10) (0.04) (0.40) (0.05) 0.15 (0.02) 0.02 0.03 0.22 0.00 0.10 0.01 (0.50) 0.20 (0.90) (0.13) (0.07) (0.04) (0.12) (0.13) (0.02) (0.38) (0.01) 1.00 (0.35) (0.25) RSI Bollinger Bands Low Mid Upper 14d Moving Averages 10d 30d DMI 50d DI + DI - DMI MACD ADX 23,495.26 23,124.25 23,483.00 24,536.15 25,589.29 27.03 24,211.94 24,783.85 24,832.04 12.55 35.63 17.09 28.70 51.00 5.13 4.06 7.53 17.38 2.45 99.55 2.41 511.50 362.40 46.90 81.20 3.16 13.80 74.10 20.70 113.40 11.44 37.00 19.98 15.10 19.78 41.75 29.10 3.75 1.89 5.43 14.30 0.87 39.90 9.10 48.00 37.70 35.10 8.00 8.69 1.63 5.40 5.90 4.21 17.04 0.27 77.70 30.80 52.80 27.90 50.20 5.01 3.98 7.42 17.00 2.40 97.70 2.32 502.00 354.40 46.05 79.85 3.10 13.46 72.35 20.10 110.90 11.18 36.00 19.38 14.78 19.24 41.35 28.50 3.66 1.81 5.23 13.80 0.82 39.45 9.00 46.15 36.85 33.70 7.78 8.56 1.56 5.21 5.67 4.08 16.30 0.25 76.70 29.65 51.50 28.44 50.50 5.12 4.06 7.61 17.46 2.43 97.46 2.35 497.32 353.80 46.57 79.86 3.14 12.70 72.45 20.78 113.76 10.98 36.53 19.22 14.01 19.45 40.53 28.02 3.71 1.82 5.17 15.02 0.85 39.24 8.83 47.08 37.25 34.00 8.13 8.57 1.65 5.46 5.86 3.92 16.43 0.27 76.92 30.52 52.70 31.87 52.94 5.38 4.26 8.25 18.27 2.51 100.45 2.53 522.25 374.10 49.00 81.69 3.38 13.30 74.55 21.83 119.63 11.27 40.21 20.74 14.89 21.12 42.45 29.30 3.93 1.89 5.46 16.68 0.88 40.07 9.30 49.72 39.13 35.90 8.64 8.89 1.83 6.07 6.62 4.39 17.71 0.30 79.84 33.05 58.44 35.30 55.38 5.64 4.47 8.88 19.09 2.59 103.43 2.71 547.18 394.40 51.42 83.52 3.62 13.89 76.65 22.87 125.49 11.56 43.89 22.27 15.76 22.79 44.36 30.58 4.14 1.95 5.74 18.34 0.91 40.89 9.76 52.35 41.01 37.79 9.15 9.21 2.01 6.67 7.37 4.87 19.00 0.33 82.75 35.57 64.18 18.37 27.86 22.88 24.40 23.92 35.33 27.26 43.84 22.72 41.58 39.42 26.56 40.49 22.92 55.42 32.26 25.06 25.57 44.39 24.22 40.25 51.52 18.65 34.84 38.13 15.64 37.55 44.95 17.43 39.74 44.59 39.64 35.72 33.83 46.07 14.04 29.81 22.93 29.06 12.20 42.19 35.98 30.39 44.42 36.13 32.53 30.55 52.27 5.29 4.21 8.04 18.00 2.50 99.97 2.46 520.85 368.58 48.18 81.98 3.29 13.49 73.69 21.55 118.19 11.32 38.75 20.26 15.01 20.53 41.81 28.88 3.86 1.88 5.48 16.09 0.87 39.93 9.37 49.47 38.48 35.43 8.46 8.80 1.76 5.86 6.33 4.20 17.20 0.29 79.31 32.62 56.88 32.60 54.77 5.52 4.39 8.50 18.58 2.55 100.32 2.59 523.40 374.81 49.82 82.55 3.43 13.10 74.97 22.00 120.53 11.23 40.72 20.90 14.86 21.84 43.04 29.67 4.04 1.92 5.69 17.07 0.89 40.18 9.27 50.72 39.60 35.60 8.79 9.14 1.90 5.95 6.93 4.39 18.06 0.33 78.52 33.08 59.06 33.61 54.60 5.65 4.51 8.53 18.54 2.59 98.23 2.64 527.73 372.44 50.15 82.86 3.42 13.10 74.27 22.00 121.61 11.18 40.14 20.23 14.48 22.54 42.99 29.47 4.16 1.92 5.20 17.29 0.93 39.73 9.33 51.47 38.96 34.63 8.88 9.40 1.97 5.78 7.14 4.27 18.18 0.39 75.95 32.02 56.88 10.05 11.51 8.93 10.13 16.41 18.51 10.24 18.15 15.89 19.59 17.15 12.98 19.26 16.93 22.92 10.32 11.44 11.13 18.15 12.08 14.17 21.67 13.31 13.12 9.68 4.15 14.29 23.69 11.25 18.19 15.67 15.73 13.67 13.41 21.72 6.28 8.86 9.41 14.53 6.22 19.36 19.00 16.34 19.53 19.00 15.91 47.47 31.86 36.79 37.59 40.84 27.23 32.91 26.77 33.76 24.56 23.30 32.97 22.63 39.25 15.33 22.75 32.96 38.52 18.54 35.33 27.98 24.96 35.71 19.59 24.77 41.11 23.96 22.10 37.57 21.23 16.89 27.80 23.51 22.95 21.91 44.38 21.86 31.90 34.69 48.41 22.44 24.37 33.16 21.57 32.18 32.46 30.29 24.04 37.11 35.27 19.06 10.15 26.89 16.43 16.85 12.07 12.49 17.62 12.45 16.64 29.52 17.19 19.49 15.78 16.57 22.77 20.55 14.93 24.15 22.37 22.46 57.91 13.42 22.87 27.13 10.65 15.02 15.16 16.10 15.88 15.74 36.36 29.94 26.76 23.93 45.95 NA 13.39 28.81 22.49 21.06 27.22 Diff Line (23.08) -345.53 (37.42) (20.35) (27.86) (27.46) (24.43) (8.72) (22.68) (8.62) (17.87) (4.97) (6.16) (19.99) (3.37) (22.32) 7.58 (12.43) (21.52) (27.39) (0.39) (23.25) (13.82) (3.29) (22.40) (6.47) (15.09) (36.96) (9.67) 1.59 (26.32) (3.03) (1.22) (12.07) (9.85) (9.54) (0.19) (38.10) (13.00) (22.50) (20.16) (42.19) (3.08) (5.37) (16.82) (2.04) (13.18) (16.55) -1.37 -1.19 -0.15 -0.12 -0.23 -0.25 -0.04 -0.06 -0.07 -3.33 -2.26 -0.97 -0.33 -0.08 0.19 -0.57 -0.34 -2.08 0.00 -1.06 -0.19 0.15 -0.82 -0.49 -0.35 -0.12 -0.02 0.01 -0.60 -0.02 0.01 -0.04 -0.77 -0.49 0.10 -0.21 -0.19 -0.08 -0.10 -0.35 -0.06 -0.35 -0.03 0.44 -0.34 -1.11 Signal -216.38 -1.02 -0.90 -0.13 -0.11 -0.17 -0.15 -0.03 0.34 -0.06 -1.57 -0.37 -0.70 -0.32 -0.04 0.14 -0.30 -0.19 -1.24 0.02 -0.56 -0.01 0.13 -0.71 -0.45 -0.26 -0.11 -0.02 0.06 -0.37 -0.01 0.01 0.00 -0.53 -0.21 0.31 -0.15 -0.19 -0.06 0.02 -0.28 -0.01 -0.29 -0.04 1.11 0.11 -0.14 Diff MACD Recent Signal (129.15) SELL SELL (0.35) (0.29) (0.02) (0.01) (0.06) (0.10) (0.01) (0.40) (0.01) (1.76) (1.89) (0.26) (0.01) (0.03) 0.04 (0.27) (0.15) (0.84) (0.02) (0.50) (0.18) 0.03 (0.11) (0.04) (0.10) (0.01) (0.00) (0.05) (0.22) (0.00) (0.01) (0.04) (0.24) (0.28) (0.21) (0.06) 0.00 (0.02) (0.11) (0.07) (0.05) (0.06) 0.00 (0.67) (0.45) (0.97) SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 3 of 5
  48. 28-Sep-20 Fundamentals of Foreign Technical Picks Bloomberg Ticker 5 HK 941 HK 939 HK 1398 HK 883 HK 2628 HK 3988 HK 16 HK 857 HK 700 HK 388 HK 1 HK 2318 HK 386 HK 1088 HK 2 HK 2388 HK 11 HK 3 HK 19 HK 101 HK 4 HK 688 HK 6 HK 12 HK 3328 HK 1898 HK 762 HK 23 HK 330 HK 66 HK 83 HK 291 HK 17 HK 1109 HK 144 HK 836 HK 2600 HK 293 HK 267 HK 1199 HK 6030 HK 678 HK 1299 HK 1928 HK 27 HK EPS ($) PER(x) Div Yield(%) 52week Price 2020 2021 2020 2021 2020 2021 High Low % Chg YTD 22% 0. 2 0.4 16.6 9.1 0.3 1.1 62. 30 27.50 -53.66 29% 5. 3 5.5 8.4 8.1 5.9 6.1 70. 00 45.20 -23.13 32% 1. 0 1.1 4.5 4.2 6.1 6.4 6. 85 5. 01 -25.41 Stock Name Close Target Price % upside HS B C CH MOB ILE CCONB ICBC CNOOC CH LIF E BOC S HK P R OP P E TR O CH TE NCE NT HKS E CK HUTCHIS ON P ING AN S INOP E C COR P CH S HE NHUA CLP BOC HK HS B ANK HK&CH GAS S WIR E HL P R OP WHAR F CH OV LAND P OWE R AS S E TS HE NDE R S ON BOCOMM CH COAL CH UNICOM BK E AS IA E S P R IT MTR S INO LAND CH R E S NE W WOR LD CH R E S LAND CH ME R CHANT CH R E S P OWE R ALCOR P CATHAY CITIC COS CO CITIC S E CUR ITIE S CO GE NHK AIA S ANDS CHINA LTD GALAXY 28.20 36. 31 50.35 70. 69 5.02 7. 38 3.99 5. 87 32% 0. 8 0.9 4.3 4.1 6.2 6.5 6. 11 3. 98 -33.50 7.44 11. 07 33% 0. 5 0.8 13.4 8.1 4.4 5.5 14. 04 6. 24 -42.59 17.10 25. 72 34% 1. 7 1.9 8.7 7.9 3.7 4.0 22. 90 11.64 -21.02 2.40 3. 48 31% 0. 6 0.6 3.7 3.6 7.4 7.7 3. 39 2. 40 -27.93 98.05 129.66 24% 10.8 11.1 9.1 8.8 5.1 5.3 124.00 87.60 -17.81 2.33 3. 41 32% -0. 1 0.1 N/A 19.7 5.4 3.5 4. 19 2. 18 -39.84 503.50 613.74 18% 12.7 15.8 34.8 28.0 0.3 0.3 564.00 314.60 34.05 355.80 406.45 12% 8. 7 10.0 40.9 35.4 2.2 2.5 397.80 206.00 40.63 46.55 68. 65 32% 7. 9 9.1 5.9 5.1 5.3 6.0 76. 00 45.05 -37.35 80.35 102.85 22% 7. 2 8.4 9.9 8.4 2.7 3.1 101.00 69.00 -12.76 3.14 4. 61 32% 0. 1 0.3 27.3 8.9 5.1 6.1 4. 85 3. 08 -33.05 13.54 17. 02 20% 1. 9 1.9 6.4 6.3 7.2 7.3 16. 88 11.94 -16.83 73.80 88. 62 17% 4. 5 4.7 16.3 15.6 4.2 4.3 84. 20 65.00 -9.89 20.45 27. 60 26% 2. 6 2.7 7.8 7.5 6.2 6.7 28. 90 20.10 -24.40 112.20 120.88 7% 9. 2 9.7 12.3 11.6 5.1 5.4 173.80 110.00 -30.31 11.32 11. 09 -2% 0. 4 0.4 31.4 27.1 3.1 3.3 15. 24 10.64 -21.91 36.30 60. 64 40% -1. 3 3.7 #N/A N/A 9.7 4.8 6.1 77. 15 36.00 -49.86 19.60 22. 45 13% 1. 0 1.1 20.2 18.1 3.9 4.0 22. 55 13.78 14.62 14.90 18. 41 19% 1. 1 1.8 13.4 8.1 2.7 3.5 22. 35 12.04 -24.82 19.28 31. 98 40% 4. 0 4.5 4.8 4.3 6.0 6.8 31. 00 19.24 -36.47 41.55 51. 08 19% 2. 9 3.0 14.3 13.7 6.7 6.8 58. 50 41.35 -27.11 28.75 35. 82 20% 3. 0 2.8 9.5 10.2 6.3 6.4 40. 65 26.05 -24.84 3.66 5. 17 29% 0. 9 1.0 3.5 3.4 7.7 8.0 5. 68 3. 66 -33.94 1.86 2. 69 31% 0. 4 0.4 4.2 4.1 5.4 5.8 3. 24 1. 75 -39.81 5.29 7. 13 26% 0. 4 0.5 11.1 9.5 3.1 3.7 8. 76 3. 84 -27.93 14.24 14. 61 3% 0. 9 1.2 15.1 11.5 3.3 4.4 19. 98 13.80 -18.16 0.84 NA NA -0. 8 -0.3 N/A NA N/A NA 1. 82 0. 54 -46.50 39.70 44. 17 10% 1. 0 1.7 39.1 23.9 3.1 3.2 47. 80 36.20 -13.79 -19.88 9.07 11. 38 20% 1. 4 1.2 6.6 7.8 6.6 6.7 12. 46 8. 03 46.80 57. 11 18% 0. 8 1.2 49.9 35.4 0.7 1.0 55. 95 30.45 8.58 37.20 57. 10 35% 3. 1 3.5 11.9 10.6 5.5 5.6 47. 12 29.84 -12.92 33.90 43. 82 23% 3. 5 4.1 8.6 7.3 3.6 4.2 40. 45 27.05 -12.63 7.83 12. 48 37% 1. 0 1.2 7.7 6.5 6.5 6.8 14. 06 7. 78 -40.59 8.62 12. 99 34% 1. 8 2.0 4.9 4.2 8.0 9.2 11. 48 6. 42 -21.21 1.57 2. 36 33% 0. 0 0.1 43.2 20.3 0.0 0.0 2. 82 1. 40 -41.20 5.22 6. 21 16% -3. 2 -0.5 N/A #N/A N/A 0.2 1.2 10. 23 5. 07 -47.98 5.68 N/A N/A 1. 7 1.9 3.4 3.0 7.4 8.5 10. 74 5. 67 -45.49 -34.95 4.15 5. 99 31% 0. 1 0.1 6.2 5.9 0.9 0.9 6. 70 3. 30 16.46 23. 01 28% 1. 3 1.5 11.0 9.7 3.7 4.0 21. 45 12.60 -7.42 0.26 N/A N/A N/A N/A N/A N/A N/A N/A 0. 95 0. 25 -66.88 77.65 85. 68 9% 0. 4 0.6 23.6 17.5 0.2 0.2 87. 80 60.05 -5.07 29.95 38. 32 22% -0. 1 0.2 #N/A N/A 21.4 0.3 0.6 45. 45 25.15 -28.09 52.20 64. 09 19% -0. 6 2.5 #N/A N/A 20.7 0.3 1.3 63. 70 36.62 -8.12 Note: The above data is based on Bloomberg consensus Page 4 of 5
  49. 28-Sep-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 MOBILE CHINA MOBILE CHINA MOBILE CHINA UNICOM CHINA UNICOM CHN CONSTRUCTION BANK CLP HOLDINGS CNOOC CNOOC CNOOC COSCO COSCO COSCO GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT HSBC HSBC HSBC 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 21/Feb/20 18/Jun/20 11/Sep/20 18/Feb/20 11/Jun/20 14/May/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 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 25-Sep-20 Price 75.50 74.90 80.35 2.97 11.80 10.16 18.16 15.88 66.75 54.15 53.15 6.79 4.64 6.15 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 74.45 78.10 86.15 57.75 48.00 38.40 31.75 33.25 41.10 77.65 77.65 77.65 2.40 5.22 5.22 17.10 17.10 50.35 50.35 50.35 5.29 5.29 5.02 73.80 7.44 7.44 7.44 4.15 4.15 4.15 52.20 52.20 52.20 28.20 28.20 28.20 3.99 3.99 80.35 80.35 80.35 41.55 41.55 29.95 29.95 29.95 36.30 Change (+/-) 2.15 2.75 (2.70) (0.57) (6.58) (4.94) (1.06) 1.22 (16.40) (3.80) (2.80) (1.50) 0.65 (1.13) (2.35) (4.50) (5.50) (1.36) (3.19) (2.00) (1.62) 2.95 7.90 (1.10) (27.85) (24.60) (0.50) (1.10) (1.15) 5.90 2.25 (5.80) (16.20) (6.45) (8.45) (1.80) (3.30) (4.80) 1,394,023 (139,333) -10.00% pct ST 2.85 88.46 3.67 88.46 (3.36) 88.46 (19.19) 2.86 (55.76) 6.00 (48.62) 6.00 (5.84) 20.58 7.68 20.58 (24.57) 61.43 (7.02) 61.43 (5.27) 61.43 (22.09) 6.30 14.01 6.30 (18.41) 6.72 (3.09) 81.20 (37.69) 8.21 (42.50) 8.21 (15.45) 8.21 (43.46) 5.05 (32.52) 5.05 (28.08) 5.05 5.99 62.75 17.83 62.75 (2.06) 62.75 (49.69) 32.10 (46.59) 32.10 (1.74) 32.10 (21.61) 4.94 (22.37) 4.94 7.92 92.72 2.88 92.72 (6.73) 92.72 (28.05) 45.60 (13.44) 45.60 (22.01) 33.97 (5.67) 33.97 (9.92) 33.97 (11.68) 43.92 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 66.45 71.46 66.45 71.46 66.45 71.46 6.88 7.60 6.88 7.60 7.06 7.40 85.02 89.78 8.75 9.42 8.75 9.42 8.75 9.42 5.59 6.13 5.59 6.13 5.59 6.13 68.91 72.73 68.91 72.73 68.91 72.73 35.61 37.80 35.61 37.80 35.61 37.80 5.18 5.42 5.18 5.42 101.00 109.27 101.00 109.27 101.00 109.27 48.06 50.06 48.06 50.06 36.76 39.02 36.76 39.02 36.76 39.02 44.51 46.52 ST 13.92 13.92 13.92 19.17 14.94 14.94 20.35 20.35 22.01 22.01 22.01 19.09 19.09 33.86 10.03 10.35 10.35 10.35 21.69 21.69 21.69 20.21 20.21 20.21 13.83 13.83 13.83 23.81 23.81 15.40 15.40 15.40 9.75 9.75 13.42 13.42 13.42 20.99 % Upside MT 23.31 23.31 23.31 27.08 29.50 29.50 36.55 36.55 31.98 31.98 31.98 30.06 30.06 40.64 15.20 17.61 17.61 17.61 34.70 34.70 34.70 32.01 32.01 32.01 26.28 26.28 26.28 29.82 29.82 25.70 25.70 25.70 15.67 15.67 22.74 22.74 22.74 22.62 LT 29.12 29.12 29.12 33.33 41.76 41.76 52.69 52.69 41.93 41.93 41.93 43.67 43.67 47.41 21.65 26.61 26.61 26.61 47.71 47.71 47.71 39.33 39.33 39.33 34.04 34.04 34.04 35.84 35.84 35.99 35.99 35.99 20.48 20.48 30.28 30.28 30.28 28.15 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, September 28, 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
  50. Technical View Monday , September 28, 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 DBS GROUP www.taonline.com.my SGD20.01 \ BOLLINGER BANDS Upper Middle Lower SGD SGD SGD SIMPLE MOVING AVERAGES 21.15 20.42 19.68 10-day 30-day 50-day SGD SGD SGD SELL Recent Signal DMI DAILY MACD Recent Signal OCBC SGD SGD SGD SIMPLE MOVING AVERAGES 8.74 8.56 8.38 10-day 30-day 50-day DMI Recent Signal SELL SGD8.46 BOLLINGER BANDS Upper Middle Lower 20.11 20.55 20.63 SGD SGD SGD 8.49 8.63 8.75 DAILY MACD SELL Recent Signal SELL Page 1 of 5
  51. 28-Sep-20 UOB SGD19 .10 BOLLINGER BANDS Upper Middle Lower SGD SGD SGD SIMPLE MOVING AVERAGES 19.76 19.36 18.97 10-day 30-day 50-day SGD SGD SGD SELL Recent Signal DMI DAILY MACD Recent Signal SINGAPORE TECH ENGINEERING SGD SGD SGD SELL SGD3.42 BOLLINGER BANDS Upper Middle Lower 19.22 19.54 19.74 SIMPLE MOVING AVERAGES 3.47 3.41 3.36 10-day 30-day 50-day SGD SGD SGD 3.40 3.43 3.36 DAILY MACD Recent Signal SELL Recent Signal SELL Page 2 of 5
  52. 28-Sep-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 25-Sep Change High Low FS S TI 2,468.21 17.39 2,474.12 2,457.26 S INGTE L DBS Lower Bollinger Bands Mid Upper 2,453.35 2,502.13 RSI 14d 2,550.90 33.10 10d Moving Averages 30d 50d 2,484.31 2,517.85 DI + DI - DMI ADX Diff MACD Line Signal 2,541.24 14.51 26.11 21.51 (11.60) -21.24 -19.27 Diff DMI MACD Recent Signal (1.97) SELL SELL 2.14 0.02 2.16 2.13 2.14 2.24 2.33 26.77 2.21 2.27 2.35 7.68 29.89 38.09 (22.21) -0.05 -0.05 (0.00) SELL SELL 20.01 0.21 20.03 19.80 19.68 20.42 21.15 32.73 20.11 20.55 20.63 17.54 27.64 12.47 (10.09) -0.24 -0.17 (0.07) SELL SELL OCBC 8.46 0.09 8.48 8.39 8.38 8.56 8.74 30.98 8.49 8.63 8.75 13.55 21.65 10.86 (8.10) -0.09 -0.09 (0.01) SELL SELL UOB 19.10 0.15 19.14 18.92 18.97 19.36 19.76 32.59 19.22 19.54 19.74 16.09 24.88 10.63 (8.79) -0.21 -0.19 (0.02) SELL SELL J ARDINE M. 40.50 0.50 40.50 39.75 38.64 40.58 42.53 45.70 40.62 40.71 40.53 21.52 27.67 19.73 (6.15) -0.05 0.08 SELL BUY BUY 0.04 WILMAR 4.40 0.04 4.44 4.37 4.15 4.34 4.53 49.35 4.28 4.43 4.45 24.77 25.76 20.24 (0.99) -0.03 -0.05 0.01 SELL HK LAND 3.65 0.04 3.66 3.62 3.62 3.82 4.01 33.16 3.74 3.82 3.82 10.87 21.17 14.98 (10.30) -0.05 -0.03 (0.03) SELL SELL SELL BUY CAPLAND 2.69 0.02 2.70 2.66 2.67 2.74 2.80 37.34 2.72 2.75 2.77 11.88 19.10 9.30 (7.22) -0.03 -0.02 (0.00) SELL GENS P 0.68 0.01 0.68 0.67 0.67 0.69 0.71 37.71 0.68 0.69 0.71 10.14 20.75 23.73 (10.61) -0.01 -0.01 0.00 SELL KE PPEL 4.10 0.00 4.13 4.08 3.97 4.30 4.63 27.99 4.18 4.43 4.87 10.32 33.96 54.14 (23.64) -0.20 -0.23 0.02 SELL BUY S GX 9.00 (0.04) 9.08 9.00 8.37 8.71 9.04 66.09 8.77 8.68 8.60 32.95 13.61 18.50 19.33 0.09 0.05 0.04 BUY BUY S IA 3.39 0.00 3.43 3.37 3.37 3.56 3.74 36.99 3.48 3.60 3.60 15.55 24.52 16.31 (8.97) -0.06 -0.05 (0.02) SELL SELL FNN 1.22 0.01 1.22 1.21 1.22 1.26 1.31 27.28 1.25 1.27 1.31 8.07 28.85 31.95 (20.78) -0.02 -0.02 (0.00) SELL SELL CITY DE V 7.76 0.05 7.76 7.67 7.78 7.97 8.15 34.40 7.94 8.00 8.12 15.80 25.31 11.45 (9.51) -0.07 -0.06 (0.01) SELL SELL J ARDINE S . 20.28 0.16 20.28 19.94 19.19 20.16 21.13 47.57 20.29 20.22 20.17 20.66 27.92 15.58 (7.26) 0.09 0.01 0.08 SELL BUY 1.04 0.01 1.05 1.03 1.03 1.06 1.10 39.89 1.06 1.07 1.10 10.35 20.18 31.69 (9.84) -0.02 -0.02 0.00 SELL BUY J ARDINE C&C 18.35 0.26 18.42 18.07 17.67 18.42 19.17 39.41 18.20 18.63 19.12 14.49 19.07 19.92 (4.59) -0.28 -0.31 0.04 SELL BUY GOLDEN AGRI 0.14 0.00 0.14 0.14 0.14 0.14 0.15 34.87 0.14 0.14 0.15 4.72 23.24 48.87 (18.53) 0.00 0.00 0.00 SELL BUY S G TECH 3.42 0.04 3.43 3.39 3.36 3.41 3.47 47.39 3.40 3.43 3.36 16.20 16.83 11.11 (0.63) 0.00 0.01 (0.01) SELL SELL OLAM INT 1.26 0.02 1.27 1.24 1.23 1.28 1.34 38.57 1.27 1.31 1.32 12.29 23.73 20.97 (11.44) -0.02 -0.02 (0.00) SELL SELL SELL SELL S G P RES S CAP TRUS T 1.99 0.03 1.99 1.97 1.91 1.98 2.05 48.37 2.00 1.95 1.95 21.56 24.21 16.04 (2.66) 0.02 0.02 (0.00) S E MBCORP 1.32 0.00 1.34 1.31 0.82 1.15 1.48 75.82 1.29 1.08 1.01 46.19 8.98 55.12 37.21 0.11 0.09 0.02 BUY BUY SELL SELL S E MCORP M. 0.14 (0.00) 0.15 0.14 0.13 0.18 0.22 24.90 0.16 0.19 0.22 10.63 40.06 41.46 (29.42) -0.02 -0.02 (0.00) SELL CMFT DELGRO 1.44 0.02 1.45 1.43 1.44 1.49 1.54 40.43 1.48 1.47 1.44 19.05 15.52 23.31 3.53 0.00 0.01 (0.01) BUY S TARHUB 1.18 0.00 1.19 1.17 1.16 1.19 1.22 42.72 1.19 1.20 1.22 10.65 15.11 26.68 (4.47) -0.01 -0.01 0.00 SELL BUY S IA ENG 1.66 (0.04) 1.71 1.66 1.74 1.83 1.93 30.92 1.81 1.85 1.85 14.99 32.24 14.88 (17.25) -0.03 -0.01 (0.01) SELL SELL IFOOD AGRI 0.29 (0.01) 0.29 0.28 0.29 0.29 0.30 44.54 0.29 0.29 0.29 34.77 33.54 11.49 1.23 0.00 0.00 (0.00) BUY SELL YZJ 0.98 0.01 0.99 0.97 0.90 0.96 1.01 54.29 0.98 0.95 0.94 22.27 17.78 19.68 4.49 0.01 0.01 0.00 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 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
  53. 28-Sep-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 2.14 3.01 20.01 EPS ($) PER(x) Div Yield(%) 52week Price % Chg 2020 2021 2020 2021 2020 2021 High Low YTD 29% 0.1 0.2 15.4 12.7 5.4 6.0 3.48 2.12 -36.50 22.96 13% 1.7 2.0 11.5 10.1 4.4 5.3 26.80 16.65 -22.68 8.46 9.87 14% 0.7 0.8 11.3 10.1 4.1 5.5 11.23 7.80 -22.95 19.10 21.87 13% 1.7 1.8 11.3 10.4 4.1 5.1 26.77 17.12 -27.01 40.50 44.76 10% 3.1 3.9 13.0 10.4 4.2 4.3 59.68 37.37 -27.16 4.40 5.13 14% 0.2 0.2 16.0 14.8 2.1 2.3 4.95 2.83 6.80 3.65 5.22 30% 0.4 0.4 8.9 8.4 6.0 6.1 5.90 3.46 -36.52 2.69 3.71 27% 0.2 0.2 14.6 12.1 3.5 4.2 3.97 2.56 -28.27 0.68 0.77 12% 0.0 0.0 #N/A N/A 21.8 3.9 5.0 0.96 0.51 -26.63 4.10 5.76 29% 0.1 0.4 59.4 10.0 2.8 4.6 6.97 4.08 -39.44 9.00 8.80 -2% 0.4 0.4 22.1 21.9 3.6 3.7 10.72 7.96 1.58 3.39 3.41 1% -0.8 -0.1 NA NA 1.1 0.9 6.69 3.20 -46.78 1.22 NA NA NA NA NA NA NA NA 1.78 1.07 -29.07 7.76 10.36 25% 0.2 0.5 36.1 14.2 1.7 2.2 11.43 6.07 -28.64 20.28 NA NA 2.2 2.7 9.0 7.4 1.7 1.8 33.50 17.81 -33.83 1.04 1.17 11% 0.1 0.1 14.1 12.5 4.2 5.7 2.33 1.02 -52.29 18.35 24.83 26% 1.0 1.7 13.6 7.8 2.7 4.2 33.35 16.58 -39.04 0.14 0.15 2% 0.0 0.0 104.0 26.0 2.1 1.4 0.27 0.13 -39.15 3.42 3.78 9% 0.2 0.2 20.7 19.9 4.3 4.3 4.42 2.78 -13.20 1.26 NA NA 0.2 0.2 7.9 7.4 6.0 6.0 1.98 1.24 -30.39 1.99 2.30 14% 0.1 0.1 26.2 16.4 4.6 5.9 2.67 1.49 -19.11 1.32 1.72 23% 0.1 0.2 16.9 6.9 2.3 3.6 1.40 0.69 14.42 0.14 0.25 42% 0.0 0.0 NA NA 0.0 0.7 0.93 0.14 -83.27 1.44 1.76 18% 0.0 0.1 41.1 14.4 1.9 4.9 2.47 1.32 -39.50 1.18 1.39 15% 0.1 0.1 14.4 14.2 5.6 5.8 1.55 1.09 -16.90 1.66 2.09 21% 0.0 0.1 36.9 23.1 4.8 6.3 2.89 1.48 -41.13 0.29 0.29 2% NA NA NA NA NA NA 0.34 0.24 -12.31 0.98 1.21 19% 0.7 0.7 7.3 7.3 21.2 21.6 1.20 0.73 -12.50 Note: The above data is based on Bloomberg consensus Page 4 of 5
  54. 28-Sep-20 LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2019 TO CURRENT Stock CITY DEVELOPMENTS CITY DEVELOPMENTS CITY DEVELOPMENTS COMFORTDELGRO COMFORTDELGRO 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 25-Sep-20 Date Price Price 7 .76 27/Feb/20 10.37 7.76 28/Apr/20 7.59 7.76 9/Jul/20 8.73 1.44 22/Jan/20 2.22 1.44 23/Jul/20 1.40 20.01 24/Mar/20 16.88 0.68 11/Mar/20 0.74 0.68 26/Jun/20 0.76 3.65 4/Mar/20 4.98 3.65 19/May/20 3.82 20.28 5/May/20 21.90 4.10 2/Mar/20 6.75 4.10 10/Apr/20 5.72 4.10 13/Aug/20 4.88 8.46 2/Apr/20 8.49 2.14 2/Aug/19 3.36 2.14 2/Oct/19 3.13 2.14 19/Feb/20 3.17 2.14 13/May/20 2.74 2.14 17/Jun/20 2.57 9.00 3/Jun/20 8.28 3.42 25/Sep/19 3.88 3.42 14/Apr/20 3.24 3.42 16/Jul/20 3.29 3.42 22/Sep/20 3.41 19.10 15/Nov/19 24.31 0.98 7/Apr/20 0.88 0.98 2/Jul/20 0.94 Total funds invested * Total unrealised profit Return Change (+/-) (2.61) 0.17 (0.97) (0.78) 0.04 3.13 (0.06) (0.09) (1.33) (0.17) (1.62) (2.65) (1.62) (0.78) (0.03) (1.22) (0.99) (1.03) (0.60) (0.43) 0.72 (0.46) 0.18 0.13 0.01 (5.21) 0.10 0.04 168,425 (18,125) -10.76% Upside Targets pct ST MT LT (25.17) 9.40 10.17 11.43 2.24 9.40 10.17 11.43 (11.11) 9.40 10.17 11.43 (35.14) 1.65 1.89 2.12 2.86 1.65 1.89 2.12 18.54 24.06 25.81 28.64 (8.78) 0.80 0.85 0.91 (11.18) 0.80 0.85 0.91 (26.71) 4.39 4.68 4.97 (4.45) 4.39 4.68 4.97 (7.40) 23.75 25.55 28.46 (39.26) 4.82 5.32 5.64 (28.32) 4.82 5.32 5.64 (15.98) 4.82 5.32 5.64 (0.35) 9.92 10.42 11.23 (36.31) 2.50 2.68 2.85 (31.63) 2.50 2.68 2.85 (32.49) 2.50 2.68 2.85 (21.90) 2.50 2.68 2.85 (16.73) 2.50 2.68 2.85 8.70 9.22 9.81 10.17 (11.86) 3.60 3.79 4.03 5.56 3.60 3.79 4.03 3.95 3.60 3.79 4.03 0.29 3.60 3.79 4.03 (21.43) 23.27 24.69 26.98 11.36 1.06 1.15 1.22 4.81 1.06 1.15 1.22 ST 21.13 21.13 21.13 14.58 14.58 20.24 18.52 18.52 20.27 20.27 17.11 17.56 17.56 17.56 17.26 16.82 16.82 16.82 16.82 16.82 2.44 5.26 5.26 5.26 5.26 21.83 8.16 8.16 % Upside MT 31.06 31.06 31.06 31.25 31.25 28.99 25.93 25.93 28.22 28.22 25.99 29.76 29.76 29.76 23.17 25.23 25.23 25.23 25.23 25.23 9.00 10.82 10.82 10.82 10.82 29.27 17.35 17.35 LT 47.29 47.29 47.29 47.22 47.22 43.13 34.81 34.81 36.16 36.16 40.34 37.56 37.56 37.56 32.74 33.18 33.18 33.18 33.18 33.18 13.00 17.84 17.84 17.84 17.84 41.26 24.49 24.49 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, September 28, 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
  55. Technical View Monday , September 28, 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 GOLDMAN SACHS USD195.11 BOLLINGER BANDS Upper Middle Lower USD USD USD www.taonline.com.my SIMPLE MOVING AVERAGES 214.14 200.95 187.76 10-day 30-day 50-day USD USD USD SELL Recent Signal 195.75 202.25 203.66 DMI Recent Signal JPMORGAN USD92.66 BOLLINGER BANDS Upper Middle Lower USD USD USD SELL SIMPLE MOVING AVERAGES 105.62 99.35 93.08 10-day 30-day 50-day SELL Recent Signal USD USD USD 97.44 99.42 99.08 DMI Recent Signal SELL Page 1 of 5
  56. 28-Sep-20 BANK OF AMERICA USD23 .34 \ BOLLINGER BANDS Upper Middle Lower USD USD USD SIMPLE MOVING AVERAGES 27.03 25.29 23.55 10-day 30-day 50-day USD USD USD 24.77 25.43 25.24 DAILY MACD Recent Signal SELL Recent Signal CITIGROUP INC USD42.19 BOLLINGER BANDS Upper Middle Lower USD USD USD SIMPLE MOVING AVERAGES 55.80 48.37 40.93 10-day 30-day 50-day DMI Recent Signal SELL USD USD USD 45.16 49.25 50.14 DAILY MACD SELL Recent Signal SELL Page 2 of 5
  57. 28-Sep-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 Name DOW J ONE S Close Change High Low Bollinger Bands RSI Moving Averages DMI 24-Sep Lower Mid Upper 14d 10d 30d 50d DI + 26,815.44 52.31 27,094.85 26,537.01 26,694.39 27,899.26 29,104.13 37.56 27526.08 27,922.92 27,519.19 14.92 DI 31.81 MACD DMI MACD ADX Diff Line Signal Diff Recent Signal 21.52 (16.90) -163.46 18.57 (182.033) SELL SELL IBM 3M CHE VRON CATE RPILLAR MCDONALDS HONE YWE LL INTERNATIONAL BOE ING S ALE S FROCE .COM J &J P&G COCA-COLA WAL-MART TRAVE LE RS DOWDUPONT GOLDMAN J PMORGAN AME X ME RCK WALT DIS NE Y VE RIZON HOME DE POT UTD HE ALTH AT&T MICROS OFT CIS CO INTE L AMGE N INC. WALGRE E NS BOOTS ALLIANCE NIKE VIS A AIG BANK OF AME RICA BP CITIGROUP LV S ANDS MS WE LLS FARGO FACE BOOK INC-A APPLE INC ALIBABA GRP-ADR 118.09 160.42 71.80 145.14 216.12 158.76 146.05 237.55 144.67 136.92 48.70 136.70 107.82 54.30 195.11 92.66 95.45 83.15 122.49 59.19 265.70 292.66 28.04 203.19 37.85 49.16 240.32 35.03 124.75 195.52 26.48 23.34 17.93 42.19 45.91 46.61 23.32 249.53 108.22 269.73 27.84 25.75 39.52 19.64 15.57 27.55 27.69 24.06 21.96 18.08 28.14 19.03 27.69 27.52 23.15 29.28 30.02 20.95 29.43 23.26 29.71 28.35 33.32 26.14 39.26 23.44 23.75 29.20 19.72 29.21 29.10 28.54 39.80 35.74 32.33 28.67 25.59 26.19 30.88 25.07 14.28 20.63 31.83 31.94 42.24 27.48 11.64 26.10 12.93 29.87 23.64 26.19 14.08 19.62 15.92 18.87 24.69 17.72 26.15 25.63 25.35 16.57 16.74 22.11 40.19 12.09 11.64 28.28 34.63 21.48 13.49 20.43 30.52 26.79 27.28 21.25 13.42 25.23 31.65 14.78 -0.74 0.91 -0.15 0.76 1.15 -0.03 -5.13 1.56 0.23 0.61 0.49 0.71 0.33 -0.07 8.99 -0.08 -0.11 0.52 -0.79 0.28 -0.85 0.52 0.17 2.60 -0.43 0.34 -2.27 -0.03 -2.36 0.15 0.05 0.08 -0.04 0.34 0.87 0.19 0.49 0.51 1.10 -3.22 119.51 161.94 73.02 147.43 218.40 160.92 150.30 239.96 145.25 137.14 49.10 137.79 109.43 55.03 197.46 94.30 96.86 83.48 123.77 59.56 269.65 294.93 28.26 205.56 38.15 49.64 242.68 35.26 127.54 197.67 27.09 23.82 18.16 42.60 45.97 47.42 23.72 252.24 110.25 271.25 116.48 158.07 70.51 142.73 213.61 156.85 145.02 233.63 143.34 135.74 47.57 135.09 105.70 53.59 187.05 91.40 93.73 82.02 120.78 58.65 264.00 289.64 27.76 199.22 37.60 48.43 237.78 34.52 123.30 193.13 25.57 22.95 17.71 41.29 44.06 45.86 22.56 245.62 105.00 267.33 117.94 158.81 71.60 141.07 209.50 159.02 148.29 226.40 142.83 135.85 48.16 131.80 107.41 54.06 187.76 93.08 96.06 82.28 123.67 58.78 263.60 291.80 28.04 190.76 37.86 48.33 238.17 33.77 107.92 192.90 26.53 23.55 17.83 40.93 45.37 46.63 23.03 237.31 100.94 261.79 122.55 165.37 79.23 148.30 216.71 166.07 164.18 254.15 148.78 137.85 49.98 139.06 113.19 57.74 200.95 99.35 102.60 84.62 130.98 59.89 277.68 306.94 29.16 211.56 40.43 49.94 247.37 36.36 116.13 205.04 28.65 25.29 19.85 48.37 50.00 50.65 24.34 272.12 116.97 278.53 127.16 171.93 86.86 155.52 223.91 173.13 180.07 281.89 154.73 139.84 51.81 146.32 118.97 61.41 214.14 105.62 109.13 86.95 138.29 61.00 291.77 322.08 30.29 232.36 42.99 51.54 256.57 38.96 124.34 217.19 30.77 27.03 21.87 55.80 54.63 54.67 25.66 306.92 132.99 295.27 37.14 44.19 24.18 48.58 53.92 42.07 31.26 48.79 39.66 51.38 45.77 50.49 35.95 39.37 44.05 33.82 35.83 46.09 35.48 46.90 38.65 35.66 28.41 44.72 24.45 44.01 43.61 34.96 68.47 40.02 36.24 33.31 23.50 26.94 38.98 31.75 41.13 39.07 42.69 47.28 121.56 165.63 76.25 149.53 219.25 165.39 159.56 244.57 146.82 137.59 50.03 136.77 111.14 57.84 195.75 97.44 101.90 84.17 128.36 59.95 275.73 301.51 28.76 204.03 39.59 49.69 245.55 35.71 118.83 201.30 28.04 24.77 19.07 45.16 48.83 49.24 24.38 257.75 110.94 274.17 123.18 164.92 81.92 145.41 214.55 163.89 167.00 239.71 149.40 137.53 49.31 136.78 113.80 57.43 202.25 99.42 101.12 84.68 130.51 59.62 280.02 309.80 29.39 211.97 41.02 49.62 245.43 37.65 113.64 204.25 28.99 25.43 20.64 49.25 49.52 50.97 24.34 271.44 117.83 274.43 124.15 161.96 84.50 142.04 207.96 159.61 169.06 221.54 148.89 134.35 48.60 134.48 115.25 56.40 203.66 99.08 99.25 82.83 126.77 58.65 274.78 308.97 29.60 210.26 43.44 50.68 246.61 38.99 107.84 200.93 29.96 25.24 21.68 50.14 48.09 50.86 24.67 261.30 111.61 265.97 18.76 16.59 11.66 22.56 23.66 16.17 16.29 22.74 16.11 18.63 17.37 23.57 16.09 16.66 19.74 16.46 19.08 15.05 16.57 19.30 17.57 14.89 13.75 17.10 10.88 17.99 16.71 14.01 44.69 17.33 13.88 13.70 15.63 10.93 14.86 13.25 19.09 18.42 16.55 21.84 (9.08) (9.16) (27.86) 2.92 8.09 (11.38) (11.40) (1.32) (5.85) 0.55 (10.76) 4.54 (11.60) (10.86) (3.42) (12.81) (10.94) (5.90) (12.86) (3.96) (12.14) (13.47) (19.58) (9.04) (28.38) (5.46) (7.04) (15.19) 24.97 (11.88) (15.22) (14.84) (24.17) (24.81) (17.47) (15.42) (6.50) (7.76) (14.33) (3.23) -1.16 0.12 -3.22 1.68 2.76 0.61 -4.99 4.53 -1.19 0.68 0.22 0.61 -1.80 -0.12 -3.59 -1.46 -0.39 0.04 -0.82 0.24 -1.63 -4.14 -0.40 -2.89 -1.30 -0.34 -0.49 -1.07 3.73 -1.26 -0.81 -0.44 -1.02 -2.29 -0.61 -0.99 -0.25 -4.80 -1.72 1.53 -0.69 1.18 -2.67 2.80 3.75 2.13 -3.33 8.35 -0.56 1.16 0.55 1.21 -1.16 0.52 -2.40 -0.45 0.90 0.44 0.66 0.46 0.31 -2.14 -0.28 -1.83 -1.22 -0.37 0.18 -1.13 3.31 0.24 -0.58 -0.15 -0.87 -1.50 0.23 -0.40 -0.12 -0.85 -0.10 3.32 (0.467) (1.059) (0.546) (1.118) (0.989) (1.521) (1.659) (3.827) (0.630) (0.485) (0.324) (0.593) (0.641) (0.634) (1.190) (1.011) (1.291) (0.395) (1.479) (0.220) (1.933) (2.007) (0.125) (1.062) (0.086) 0.031 (0.670) 0.062 0.421 (1.491) (0.228) (0.287) (0.146) (0.790) (0.840) (0.585) (0.134) (3.946) (1.618) (1.791) SELL SELL SELL BUY BUY SELL SELL SELL SELL BUY SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL BUY SELL BUY BUY SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL SELL INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 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
  58. 28-Sep-20 Fundamentals of Foreign Technical Picks Bloomberg Ticker IBM MMM CVX CAT MCD HON BA CRM J NJ PG KO WMT TRV DD GS JPM AXP MRK DIS VZ HD UNH T MS FT CS CO INTC AMGN WBA NKE V AIG BAC BP C LVS MS WF C FB AAP L UN UN UN UN UN US UN US UN UN UN UN UN US US UN UN UN UN UN UN US UN UW UW UW US US US US US US US US US US US US US Stock Name Close Target Price IBM 3M CHE VRON CATE RP ILLAR MCDONALDS HONE YWE LL INT BOE ING S ALE S F ROCE .COM J &J P &G COCA-COLA WAL-MART TRAVE LE RS DOWDUP ONT GOLDMAN S ACHS J P MORGAN AME X ME RCK WALT DIS NE Y VE R IZON HOME DE P OT UTD HE ALTH AT&T MICROS OF T CIS CO INTE L AMGE N INC WALGRE E NS BOOTS NIKE INC VIS A INC AIG BANK OF AME RICA BP CITIGROUP LV S ANDS MS WE LLS F AR GO F ACE BOOK INC AP P LE INC 118.09 135.56 160.42 165.81 71.80 BABA US ALIBABA GR P % upside EPS ($) PER(x) 52week Price High Low % Chg YTD 5.7 158.72 90.60 -11.90 3.8 182.53 114.04 -9.07 7.3 124.13 51.62 -40.42 2.9 3.1 156.21 87.50 -1.72 2.3 2.5 226.72 124.23 9.37 20.3 2.2 2.3 184.06 101.08 -10.31 NA 34.5 1.4 0.0 391.00 89.00 -55.17 NA 63.1 0.0 0.0 284.50 115.29 46.06 9.07 18.2 16.0 2.7 2.9 157.00 109.17 -0.82 5.39 5.76 25.4 23.8 2.3 2.4 141.70 94.34 9.62 1.83 2.07 26.7 23.5 3.4 3.5 60.13 36.27 -12.01 1.6 151.08 102.00 15.03 3.3 149.47 76.99 -21.27 -15.42 2020 2021 Div Yield(%) 2020 2021 2020 2021 13% 11.07 12.21 10.7 9.7 5.5 3% 8.30 9.17 19.3 17.5 3.7 100.19 28% -0.15 2.72 NA 26.4 7.2 145.14 150.65 4% 5.19 7.29 28.0 19.9 216.12 219.66 2% 5.82 8.14 37.1 26.6 158.76 170.60 7% 6.87 7.82 23.1 146.05 186.19 22% -9.47 4.24 237.55 271.50 13% 3.73 3.76 144.67 163.63 12% 7.93 136.92 139.19 2% 48.70 54.09 10% 136.70 146.47 7% 5.38 5.64 25.4 24.2 1.6 107.82 126.12 15% 8.72 10.39 12.4 10.4 3.1 54.30 65.41 17% 3.02 3.29 18.0 16.5 2.2 2.2 73.49 28.33 195.11 248.76 22% 17.74 23.01 11.0 8.5 2.6 2.7 250.08 130.87 -15.14 92.66 114.86 19% 5.87 8.74 15.8 10.6 3.9 4.0 141.10 76.95 -33.53 95.45 105.44 9% 3.43 6.64 27.9 14.4 1.8 1.9 138.13 67.03 -23.33 83.15 98.88 16% 5.72 6.25 14.5 13.3 2.9 3.1 92.55 65.26 -8.58 122.49 135.00 9% 1.50 2.76 81.7 44.4 0.7 1.0 153.41 79.08 -15.31 59.19 61.21 3% 4.76 4.92 12.4 12.0 4.2 4.3 62.21 48.85 -3.60 265.70 298.38 11% 11.44 11.97 23.2 22.2 2.3 2.4 292.95 140.66 21.67 292.66 344.38 15% 16.49 18.43 17.7 15.9 1.6 1.7 324.57 187.72 -0.45 28.04 32.81 15% 3.18 3.22 8.8 8.7 7.4 7.6 39.70 26.08 -28.25 203.19 233.28 13% 6.46 7.35 31.5 27.7 1.1 1.1 232.85 132.53 28.85 37.85 47.93 21% 3.10 3.32 12.2 11.4 3.9 4.0 50.27 32.41 -21.08 -17.86 49.16 56.87 14% 4.83 4.71 10.2 10.4 2.7 2.8 69.28 43.63 240.32 262.44 8% 15.77 16.83 15.2 14.3 2.7 2.8 264.97 177.05 -0.31 35.03 41.22 15% 4.68 4.98 7.5 7.0 5.3 5.4 64.50 33.88 -40.59 124.75 142.30 12% 2.83 3.66 44.1 34.1 0.8 0.9 130.38 60.00 23.14 195.52 222.26 12% 5.02 5.84 39.0 33.5 0.6 0.6 217.35 133.93 4.06 26.48 38.88 32% 2.49 4.35 10.7 6.1 4.9 5.1 57.23 16.07 -48.41 23.34 27.77 16% 1.57 2.13 14.9 11.0 3.1 3.3 35.72 17.95 -33.73 17.93 30.66 42% -1.36 1.87 #N/A N/A 9.6 9.2 13.2 40.08 15.51 -52.49 42.19 66.84 37% 3.16 6.05 13.4 7.0 4.9 5.0 83.11 32.00 -47.19 45.91 59.63 23% -1.36 2.13 NA 21.6 2.2 5.8 74.29 33.30 -33.50 46.61 59.63 22% 5.16 4.99 9.0 9.3 3.0 3.2 57.57 27.20 -8.82 23.32 29.38 21% 0.11 2.09 213.9 11.2 5.2 2.3 54.75 22.00 -56.65 249.53 288.00 13% 9.03 11.27 27.6 22.1 0.0 0.0 304.67 137.10 21.57 108.22 120.58 10% 3.23 3.84 33.5 28.2 0.9 1.1 137.98 53.15 47.41 269.73 303.39 11% 62.70 78.01 29.4 23.6 0.0 0.0 299.00 161.68 27.17 Note: The above data is based on Bloomberg consensus Page 4 of 5
  59. 28-Sep-20 LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2019 TO CURRENT Stock 3M CO 3M CO AMERICAN EXPRESS 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 DUPONT FACEBOOK FACEBOOK FACEBOOK FACEBOOK HOME DEPOT 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 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 WALMART REC BUY Date Price 8/Oct/19 19/Feb/20 22/Jul/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 2/Oct/19 4/Jun/19 26/Mar/20 22/Apr/20 17/Sep/20 3/Dec/19 10/Oct/19 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 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 23/Jun/20 Total funds invested * Total unrealised profit Return 153.52 158.88 96.33 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 67.95 164.15 156.21 170.80 263.52 217.62 129.22 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 74.02 139.03 188.36 202.66 89.48 98.91 35.83 36.83 37.83 34.60 38.51 35.46 32.77 38.36 64.98 29.90 222.93 215.39 180.01 165.96 116.45 100.99 111.51 121.68 24-Sep-20 Price 160.42 160.42 95.45 17.93 17.93 17.93 17.93 17.93 17.93 71.80 71.80 71.80 42.19 42.19 37.85 48.70 48.70 48.70 54.30 249.53 249.53 249.53 249.53 265.70 144.67 92.66 92.66 45.91 45.91 45.91 45.91 45.91 45.91 45.91 45.91 216.12 216.12 216.12 83.15 83.15 83.15 83.15 203.19 203.19 203.19 124.75 124.75 35.76 35.76 35.76 35.76 35.76 35.76 35.76 35.76 57.38 28.04 292.66 292.66 195.52 195.52 122.49 122.49 122.49 136.70 Change (+/-) 6.90 1.54 (0.88) (23.13) (18.92) (19.17) (20.90) (19.24) (8.86) (43.31) (46.75) (14.33) (7.96) (1.10) (2.28) (7.22) 2.19 2.12 (13.65) 85.38 93.32 78.73 (13.99) 48.08 15.45 2.69 (2.65) (7.76) (12.06) (12.52) (2.22) (4.26) (4.34) (5.09) (6.09) 58.35 23.00 33.32 (2.68) (3.68) 16.75 9.13 64.16 14.83 0.53 35.27 25.84 (0.07) (1.07) (2.07) 1.16 (2.75) 0.30 2.99 (2.60) (7.60) (1.86) 69.73 77.27 15.51 29.56 6.04 21.50 10.98 15.02 pct ST 4.49 0.97 (0.91) (56.33) (51.34) (51.67) (53.82) (51.76) (33.07) (37.62) (39.43) (16.64) (15.87) (2.54) (5.68) (12.91) 4.71 4.55 (20.09) 52.01 59.74 46.09 (5.31) 22.09 11.96 2.99 (2.78) (14.46) (20.80) (21.43) (4.61) (8.49) (8.64) (9.98) (11.71) 36.98 11.91 18.23 (3.12) (4.24) 25.23 12.33 46.15 7.87 0.26 39.42 26.12 (0.20) (2.91) (5.47) 3.35 (7.14) 0.85 9.12 (6.78) (11.70) (6.22) 31.28 35.87 8.62 17.81 5.19 21.29 9.85 12.34 6,190,470 524,580 8.47% 179.36 179.36 110.97 21.30 21.30 21.30 21.30 21.30 21.30 87.16 87.16 87.16 57.53 57.53 42.28 51.02 51.02 51.02 62.83 279.06 279.06 279.06 279.06 287.60 165.20 110.22 110.22 55.42 55.42 55.42 55.42 55.42 55.42 55.42 55.42 240.50 240.50 240.50 87.37 87.37 87.37 87.37 220.58 220.58 220.58 128.43 128.43 40.61 40.61 40.61 40.61 40.61 40.61 40.61 40.61 73.33 32.32 334.79 334.79 214.17 214.17 135.81 135.81 135.81 151.33 Upside Targets MT LT 194.80 194.80 121.37 24.89 24.89 24.89 24.89 24.89 24.89 95.55 95.55 95.55 63.55 63.55 45.34 54.50 54.50 54.50 73.49 312.50 312.50 312.50 312.50 300.18 171.81 116.11 116.11 60.38 60.38 60.38 60.38 60.38 60.38 60.38 60.38 254.35 254.35 254.35 92.64 92.64 92.64 92.64 227.64 227.64 227.64 133.81 133.81 44.54 44.54 44.54 44.54 44.54 44.54 44.54 44.54 81.04 33.73 352.17 352.17 236.01 236.01 153.34 153.34 153.34 162.97 219.75 219.75 138.18 27.79 27.79 27.79 27.79 27.79 27.79 105.93 105.93 105.93 71.00 71.00 48.39 60.14 60.14 60.14 84.14 333.19 333.19 333.19 333.19 312.74 177.17 122.00 122.00 64.38 64.38 64.38 64.38 64.38 64.38 64.38 64.38 265.46 265.46 265.46 99.10 99.10 99.10 99.10 236.39 236.39 236.39 140.47 140.47 48.47 48.47 48.47 48.47 48.47 48.47 48.47 48.47 93.51 34.87 366.21 366.21 249.53 249.53 170.86 170.86 170.86 170.17 ST 11.81 11.81 16.26 18.80 18.80 18.80 18.80 18.80 18.80 21.39 21.39 21.39 36.36 36.36 11.70 4.76 4.76 4.76 15.71 11.83 11.83 11.83 11.83 8.24 14.19 18.95 18.95 20.71 20.71 20.71 20.71 20.71 20.71 20.71 20.71 11.28 11.28 11.28 5.08 5.08 5.08 5.08 8.56 8.56 8.56 2.95 2.95 13.56 13.56 13.56 13.56 13.56 13.56 13.56 13.56 27.80 15.26 14.40 14.40 9.54 9.54 10.87 10.87 10.87 10.70 % Upside MT 21.43 21.43 27.16 38.82 38.82 38.82 38.82 38.82 38.82 33.08 33.08 33.08 50.63 50.63 19.79 11.91 11.91 11.91 35.34 25.24 25.24 25.24 25.24 12.98 18.76 25.31 25.31 31.52 31.52 31.52 31.52 31.52 31.52 31.52 31.52 17.69 17.69 17.69 11.41 11.41 11.41 11.41 12.03 12.03 12.03 7.26 7.26 24.55 24.55 24.55 24.55 24.55 24.55 24.55 24.55 41.23 20.29 20.33 20.33 20.71 20.71 25.19 25.19 25.19 19.22 LT 36.98 36.98 44.77 54.99 54.99 54.99 54.99 54.99 54.99 47.53 47.53 47.53 68.29 68.29 27.85 23.49 23.49 23.49 54.95 33.53 33.53 33.53 33.53 17.70 22.46 31.66 31.66 40.23 40.23 40.23 40.23 40.23 40.23 40.23 40.23 22.83 22.83 22.83 19.18 19.18 19.18 19.18 16.34 16.34 16.34 12.60 12.60 35.54 35.54 35.54 35.54 35.54 35.54 35.54 35.54 62.97 24.36 25.13 25.13 27.62 27.62 39.49 39.49 39.49 24.48 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, September 28, 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