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Bursa Malaysia Daily Market Report - 30 April

IM Insights
By IM Insights
6 years ago
Bursa Malaysia Daily Market Report - 30 April

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  1. Monday , 30 April, 2018 TA RESEARCH’S ‘DAILY COMPILED REPORTS’ For Internal Circulation Only N ew s 1 . Da ily M a rk e t C o m m e n ta r y 2 . We e k ly S t ra t e g y 3 . We e k ly T e c h n ic a l O u t lo o k Fu nd a me n tal Rep o r ts 1 . P a n t e c h G ro u p H o ld i n g s Be r h a d : A Go o d E n d to th e Y e a r Te ch n ic al R ep o rt s 1 . We e k ly T e c h n ic a l S to c k Wa tc h 2 . Da ily M o n e y F lo w o f T e c h n ic a l S to c k W a tc h FBMKLCI 3 . T o p 1 4 S to c k P ic k s f o r G E 1 4 4 . We e k ly A c e M a r k e t S to c k W a tc h 5 . We e k ly S m a l l C a p S to c k Wa tc h 6 . We e k ly S to c k Sc re e n 7 . We e k ly F o re ig n Sto c k W a tc h (A U S , H K , F S S T I & U S ) Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my
  2. Daily Market Commentary Monday , 30 April 2018 TA Research, e-mail : taresearch@ta.com.my For Internal Circulation Only KLSE Market Statistics (27.04.2018) Volume (mil) +/-chg (RMmn) Main Market 766.5 Warrants 448.1 ACE Market 411.8 Bond 2.5 ETF 0.4 LEAP 0.1 Total 1,629.3 Off Market 63.0 -304.3 -157.6 44.9 0.3 -0.4 0.1 1,700.1 117.0 56.8 0.7 0.4 0.0 1,875.0 0.7 113.2 -201.0 -57.0 0.0 0.0 -0.8 0.0 -146.9 Major Indices Index +/- chg Malaysia FBMKLCI FBMEMAS FBMSCAP April Futures Other Markets DOW JONES NASDAQ (US) FTSE (UK) NIKKEI (JAPAN) KOSPI (KOREA) HANG SENG (HK) FSSTI (S'PORE) SET (BANGKOK) JCI (JAKARTA) SHANGHAI SHENZHEN AUSTRALIA (mn) 273 139 34 1 3 2 452 218 81 36 2 1 0 338 % chg % YTD chg 11.20 89.57 67.66 12.00 0.60 0.69 0.47 0.65 3.71 0.36 -14.69 4.23 24,311.19 7,119.80 7,502.21 22,467.87 2,492.40 30,280.67 3,577.21 1,778.02 5,919.24 3,082.23 1,776.13 5,953.65 -11.15 1.12 80.78 148.26 16.76 272.99 7.19 4.82 10.04 7.20 5.73 42.87 -0.05 0.02 1.09 0.66 0.68 0.91 0.20 0.27 0.17 0.23 0.32 0.73 -1.65 3.13 -2.41 -1.30 1.01 1.21 5.12 1.39 -6.87 -6.80 -6.49 -1.84 2.57 0.20 0.10 0.68 1.00 0.90 0.05 Counter MAYBANK PCHEM CIMB AXIATA DIGI GENTING NESTLE MISC GENM HAPSENG Mkt Cap. Chg (RM’mn) (RM) 117,504 67,760 66,885 47,964 35,998 33,679 32,455 31,693 28,463 24,349 0.08 0.06 0.05 0.14 0.06 0.13 1.90 0.09 0.10 0.05 Important Dates VS - 1:4 Bonus Issue - BI of up to 397.5m shares. 1 bonus share for every 4 existing shares held. Ex-Date: 04/05/2018. Entitlement Date: 08/05/2018. LISTING ON: 10/05/2018. WZSATU - 1:3 Bonus Issue - BI of up to 157.3m shares. 1 bonus share for every 3 existing shares held. Ex-Date: 10/05/2018. Entitlement Date: 14/05/2018. LISTING ON: 15/05/2018. While short-term overbought momentum has fully neutralized following last week's steep profit-taking correction, weak trend indicators suggest that more base building is required to rebuild a stronger support platform to anchor the subsequent recovery leg. Meanwhile, oil & gas related stocks should recover this week as the persistently high global crude oil prices caused by higher possibility that the US could renew trade sanctions on Iran this month which will limit supply, with the worsening political and economic condition in Venezuela adding fuel to the fire. Immediate support for the index remains at 1,840, which represents the 23.6%FR of the Dec 2017 low (1,708) to the Feb 2018 peak (1,880), followed by the 100-day ma (1,828), lower Bollinger band (1,825) and subsequently the 4/4/18 pivot low of 1,811. Overhead resistance will be 1,880, and then the recent high of 1,896. Stock-wise, blue-chip banking, utility and plantation counters such as CIMB, Maybank, Axiata, TM, IOI Corp and Sime Darby are likely to extend profit-taking consolidation given their weak technical momentum, but oil & gas related lower liners like Bumi Armada and DNEX should attract bargain hunters following their recent steep price correction. News Bites Top 10 KLCI Movers Based on Mkt Cap. (RM) @ @ @ @ @ @ @ 2.22 0.26 0.14 0.29 1.14 0.22 1.15 1.80 1,863.47 12,988.73 14,545.46 1,860.50 Off Market SIME 33.0 CENSOF 10.0 KSTAR 7.3 FAJAR 2.7 TNLOGIS 2.5 BPPLAS 1.2 CONNECT-PA 1.0 Review & Outlook Value Value/ +/-chg Volume Up Down Vol. (mn) 27.04 6.15 20.24 2.16 5.09 1.43 0.25 2.03 1.52 0.15 • MISC Bhd is allocating USD4bn in capital expenditure for the next 5 years, spanning across its 4 core businesses, according to its president and group chief executive officer Yee Yang Chien. • Genting Malaysia Bhd is undertaking a RM3bn medium-term note program to fund the development and redevelopment of its properties and resorts. • UMW Holdings Bhd has extended its takeover offer period for MBM Resources Bhd and Perusahaan Otomobil Kedua Sdn Bhd by another 6 months till 31 October 2018 to enable respective parties to deliberate on the offers. • S P Setia Bhd has acquired 57 acres of freehold land in Cyberjaya, Selangor from Setia Haruman Sdn Bhd for RM177.5mn. • Uzma Bhd has secured an umbrella contract for provision of well abandonment integrated services to Petronas Carigali Sdn. Bhd. • AirAsia Group Bhd carried 16% more passengers at 10.7mn in 1Q18 from 9.15mn a year ago which was in line with the added capacity. • Xin Hwa Holdings Bhd is acquiring 2 pieces of leasehold land at Pasir Gudang Industrial Area in Johor from Johor Corp Bhd for RM26.5mn. • Multi Sports Holdings Ltd is looking to issue its 2017 annual report to Bursa Securities and shareholders within 1 month from April 30, 2018. • TH Heavy Engineering Bhd, a practice note 17 company, has received a disclaimer of opinion on its audited financial statements ended December 31, 2017 from the independent auditor. • Inta Bina Group Bhd has proposed to undertake a transfer of its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd. • Petronas Dagangan Bhd has appointed Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir, former managing director of Proton Holdings Bhd, as its managing director and chief executive officer effective 1 June 2018. • Aeon Credit Service (M) Bhd's net profit rose 2.8% YoY to RM82.3mn for its 4QFY18 from RM80.0mn a year ago, mainly due to higher revenue. • The US real GDP expanded at an annual rate of 2.3% in 1Q18 vs. forecast 2% YoY and 4Q17's 2.9% YoY. Exchange Rate USD/MYR 3.9190 0.001 USD/JPY 109.11 -0.220 EUR/USD 1.213 0.0018 Commodities Futures Palm Oil (RM/mt) 2,381.00 -9.00 Crude Oil (Brent) 74.44 -0.31 Gold ($/tr.oz.) 1,324.10 5.30 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 , April 30, 2018 FBMKLCI: 1,863.47 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 FBMKLCI to Congest Sideways Post Last Week’s Correction The local stock market fell into profit-taking correction mode last week, depressed by investor worries that rising interest rates will adversely impact global growth as US Treasury yields spiked up to 3 percent, increasing concerns that it will raise companies borrowing costs and depress profits. While easing downward momentum and cheaper prices encouraged bargain hunting on Friday, most investors remain sidelined amid caution ahead of the GE14 nomination day over the weekend. For the week, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) lost 24.28 points, or 1.29 percent to 1,863.47, with most of the fall contributed by Nestle (RM9.60), Petronas Dagangan (-64sen), Petronas Gas (-62sen), Public Bank (-60sen) and Hong Leong Bank (-54sen). Average daily traded volume and value shrank further to 1.88 billion shares and RM1.99 billion last week, compared to the 2.61 billion shares and RM2.33 billion average respectively the previous week. External concerns played a big role in tempering investor confidence about the equity market last week, especially after the US 10-year treasury rose above 3% for the first time since January 2014. Higher yield generally implies rising inflationary pressure and points to further monetary tightening, which is not necessarily bad for the US, if the economy is showing stronger growth that can mitigate the impact of higher borrowing costs. Its first quarter 2018 GDP that grew at an annual pace of 2.3% came much stronger than expected 2% but lower than fourth quarter 2017’s 2.9%. The weaker quarter-on-quarter performance was within expectations due to seasonality factors. However, economic growth is expected to resume at a much stronger pace in the next three quarters as the full impact of President Trump’s tax cut and infrastructure spending measures filter through the economy and deliver the expected full year growth of 3%. Thus, although the 10-year treasury as settled below 3% at 2.96% last Friday, the 3% threshold level is likely to be breached again soon on the back of economic growth momentum and inflationary pressure. With the US economy already operating at full employment level, expansionary fiscal measures should exert pressure on wages and lead to demand-pull inflation in the near future. The impact of current high crude oil prices, if sustained, should reflect on other input prices and contribute to higher inflation as well. Separately, the agreement between the North and South Korean presidents to end the war between both countries is positive to avoid tension in the Korean peninsula and should partly relieve the pressure on crude oil prices. However, we have to wait and see the sincerity of the North Korean president in ending the war and his denuclearization promises. It could be a bargaining tactic to neutralise US’ ally South Korea before the historical meet between the US and North Korean president. North Korea has talked about denuclearization many times in the past but its definition of the word and expectations of the counter parties have always nullified any meaningful resolution. Page 1 of 8
  4. 30-Apr-18 Thus , investors will be watching closely important economic data from the US this week and the US Federal Reserve’s language in its customary brief policy statement this Wednesday, after its third meeting for the year. Consensus view is that Fed will sustain its target rate between 1.5% and 1.75% and it will be raised twice in the second half of 2018 with an increase of 25 basis points each. More robust indications from the Fed will affect market sentiment negatively. At the moment, there are very slim or no chances for the Fed to issue any dovish statement. The US core personal consumption expenditures (PCE) figure that will be released two days earlier may influence the Fed statement, if consensus is right about the 2% year-on-year (YoY) increase in March core PCE versus 1.6% in February. The non-farm payroll employment data for April that will be released this Friday could underscore the current upbeat sentiment about the economy and this should influence the treasury yield as well. How investors react to this is important as the yield gap between the 10-year and 2-year treasuries has narrowed to 48 basis points based on last Friday’s closing versus long-term average of 96 basis points. If they think short-term interest rates could rise higher than expected or Fed may increase more than twice in the remaining months of 2018 to curb inflationary pressures, the yield curve could invert. This will stoke fears about recession as a negative curve has predicted all nine U.S. recessions correctly since 1955. The fact that there was a lag period of six to twenty-four months before the inevitable happened is a consoling factor as it will provide some time for policy manoeuvring and adjustments among consumers and businesses. China will be releasing its Purchasing Managers’ Index this week for April, which will provide some clues on its manufacturing and services sectors strength. Consensus expectations are pointing to slightly weaker figures compared to March. Malaysia too will release its trade data for March this Friday. It is not expected to register any significant growth after the exports and imports contracted on YoY basis in February. Consensus is expecting a flat exports YoY while import contracting by 3% YoY. 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. 30-Apr-18 N e w s I n B r i e f Corporate MISC Bhd is allocating USD4bn (RM15.7bn) in capital expenditure for the next 5 years, spanning across its 4 core businesses, according to its president and group chief executive officer Yee Yang Chien. The group expects to raise the funding via 30% from equity and the remaining 70% from bank borrowings. (New Strait Times) Genting Malaysia Bhd is undertaking a RM3bn medium-term note (MTN) program to fund the development and redevelopment of its properties and resorts. The MTN will have a tenure of 20 years from the date of first issuance. The MTN has been assigned an initial long-term rating of AAA by RAM Rating Services Bhd. (The Sun/Bursa Malaysia) UMW Holdings Bhd has extended its takeover offer period for MBM Resources Bhd and Perusahaan Otomobil Kedua Sdn Bhd by another 6 months till 31 October 2018 from 30 April 2018 to enable respective parties to deliberate on the offers. (The Sun/Bursa Malaysia) S P Setia Bhd (SPSB) has acquired 57 acres of freehold land in Cyberjaya, Selangor from Setia Haruman Sdn Bhd (SHSB) for RM177.5mn. The land will be developed by the joint venture company between SPSB and SHSB into a residential project with an expected GDV of RM650mn, according to SPSB’s president and CEO Datuk Khor Chap Jen. The project is expected to commence in 2H2019 and it will take about 6 years to complete. (The Edge) Uzma Bhd has secured an umbrella contract for provision of well abandonment integrated services to Petronas Carigali Sdn. Bhd. (PCSB). The contract has a tenure of 2 years from March 29, 2018, with an extension option period of 1 year. The contract amount will be depending on the work orders to be issued from time to time at the discretion of PCSB. (The Edge/Bursa Malaysia) Comments: We are positive on the news as securing an umbrella contract for well abandonment services will increase Uzma’s expected orderbook. Nevertheless, we note that earnings contributions from an umbrella contract are not guaranteed. Therefore, maintain our earnings forecast and TP of RM1.57/share based on 0.9x P/B. We place Uzma Under Review pending 1QFY18 earnings release. AirAsia Group Bhd carried 16% more passengers at 10.7mn in 1Q18 from 9.15mn a year ago which was in line with the added capacity. The group said its capacity grew 19% YoY in 1Q18. However, passenger load factor fell 2% to 87% in the current quarter under review. (The Edge) Xin Hwa Holdings Bhd is acquiring 2 pieces of leasehold land at Pasir Gudang Industrial Area in Johor from Johor Corp Bhd for RM26.5mn. The group intends to use the land for the construction of a new warehouse and as an open yard for the group's fleet of vehicles. (The Sun/Bursa Malaysia) Multi Sports Holdings Ltd is looking to issue its 2017 annual report to Bursa Securities and shareholders within 1 month from April 30, 2018. The delay is due to the company and the external auditors require additional time to complete the annual report. (The Sun/Bursa Malaysia) TH Heavy Engineering Bhd, a practice note 17 company, has received a disclaimer of opinion on its audited financial statements ended December 31, 2017 from the independent auditor. (Bursa Malaysia) Page 3 of 8
  6. 30-Apr-18 Inta Bina Group Bhd has proposed to undertake a transfer of its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd . (Bursa Malaysia) Petronas Dagangan Bhd has appointed Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir, former managing director of Proton Holdings Bhd, as its managing director and chief executive officer effective 1 June 2018. (Bursa Malaysia) Sinmah Capital Bhd said the Inland Revenue Board remains steadfast that the RM5.56mn in additional income taxes and penalties for years of assessment 2008 to 2013, cannot be settled through the dispute resolution proceeding. (The Edge/Bursa Malaysia) Aeon Credit Service (M) Bhd's net profit rose 2.8% YoY to RM82.3mn for its 4QFY18 from RM80.0mn a year ago, mainly due to higher revenue. Meanwhile, quarterly revenue grew 6.3% YoY to RM309.2mn from RM290.8mn. The group also declared a final dividend of 20sen/share. (The Edge/Bursa Malaysia) EcoFirst Consolidated Bhd saw its net profit surge 3.5 times to RM4.5mn in 3QFY18 from RM1.3mn a year ago, due to higher contribution from its development projects. Meanwhile, quarterly revenue also grew 10.1% YoY to RM35.3mn from RM32.1mn. For 9MFY18, the group's net profit more than quadrupled to RM35.6mn from RM7.9mn a year ago, while revenue almost doubled to RM120.5mn from RM61.7mn a year ago. (The Edge/Bursa Malaysia) Page 4 of 8
  7. 30-Apr-18 N e w s I n B r i e f Economy Asia Bank of Japan Ditches Inflation Target Date The Bank of Japan dropped its target date for reaching 2 % inflation, another sign that Japan has yet to fully escape its long period of falling prices. The central bank had previously said it expected inflation to hit 2% in the year ending March 2020. When Bank of Japan Gov. Haruhiko Kuroda took office in 2013 he said he wanted to hit 2% inflation within two years. He has had to postpone that target six times. In March, core consumer prices, a figure that excludes volatile fresh food prices, rose 0.9% over year-earlier levels. Meanwhile, the BOJ left its policy unchanged, showing its willingness to stick with its radical easing program while the Federal Reserve is raising interest rates. The Japanese central bank voted 8-1 to maintain its target for 10-year Japanese government bond yields at around zero and its short-term deposit rate at minus 0.1%. The bank also kept its pledge to buy government bonds at an annual rate of around ¥80 trillion ($732 billion). The pledge is seen by investors as a symbolic gauge of its commitment to easing, although actual purchases have been running below that rate. (WSJ) Japan Industrial Output Up 1.2% in March 2018 The rise in Japan’s industrial output slowed to 1.2% in March from the previous month, government data showed, in a sign of a slight slowdown in corporate activity. The rise fell short of a median forecast for a 0.5% increase and followed a 2.0% rise in February. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to rise 3.1% in April and fall 1.6% in May. (Reuters) Other news in Japan: Consumer prices in Tokyo were up 0.5% on year in April. That was well shy of forecasts for 0.8% and down from 1.0% in March. Core CPI, which excludes volatile food prices, was up an annual 0.6%. That also missed forecasts for 0.8%, which would have been unchanged. On a monthly basis, overall Tokyo CPI fell 0.4% and core inflation eased 0.1%. (RTT) The unemployment rate came in at a seasonally adjusted 2.5% in March, in line with expectations and unchanged from the previous month. The job-to-applicant ratio was 1.59 - also matching forecasts and up from 1.58 in February. The participation rate was 61.2%. (RTT) Retail sales were down a seasonally adjusted 0.7% on month in March. That was shy of forecasts for a flat reading following the 0.5% increase in February. On a yearly basis, retail sales gained 1.0% - also missing forecasts for 1.5% and down from 1.7% in the previous month. Large retailer sales added 0.1% on year, missing expectations for 0.8% and down from 0.6% a month earlier. (RTT) Housing starts decreased 8.3% year-on-year in March, much faster than the 2.6% decline seen in February. Annualized housing starts totaled 895,000 in March versus 926,000 in the previous month and the expected level of 930,000. (RTT) Retrenchments Lowest in Nearly 7 years, Decline in Unemployment Rate Singapore’s labour market has continued to show slight improvements in the first quarter of 2018, with retrenchment numbers the lowest in nearly seven years and the unemployment rate of residents hitting a two-year low. In a labour market report released by the Ministry of Manpower (MOM), preliminary data showed that the number of retrenchments in the first quarter of this year was 2,100, a drop from 3,680 in the preceding quarter and half the 4,000 in the same quarter last year. The latest figure is also the lowest since the third quarter of 2011, when the number of retrenchments stood at Page 5 of 8
  8. 30-Apr-18 1 ,960. Retrenchments declined over the first quarter of this year in manufacturing, construction and services, said MOM in the report. The overall unemployment rate too has fallen to 2.0%, from 2.1% in the preceding quarter. The latest resident unemployment rate is 2.8%, down from 3.0% in the previous quarter - the lowest since the first quarter of 2016 - while that of citizens remained unchanged at 3.0%. The estimated number of unemployed citizens dipped from 58,600 to 57,900, said the report. (The Straits Times) United States Growth Cooled in First Quarter as Consumers Reined in Spending The U.S. economy lost some momentum in the first quarter after a spurt of faster growth last year, with consumers hunkering down after several months of robust demand while businesses powered ahead with stronger profits, revenue and investment. Real GDP expanded at an annual rate of 2.3% for the months January through March to $17.4 trillion. While the pace is equal to the performance for all of last year, it is below the 2.9% annualized rate recorded in the fourth quarter of 2017, and short of Mr. Trump’s goal of at least 3%. Most forecasters, however, expect quarterly growth to float around the 3% mark for the rest of the year. The growth measures suggested that for households the initial spending impetus from the tax cut was modest at best. Consumer spending — which drives nearly 70% of U.S. economic output — rose at 1.1%, the slowest pace in nearly five years in the first quarter. The business sector, on the other hand, shows signs of thriving. Nonresidential fixed investment, reflecting business investment in buildings, equipment, software and more, grew at a 6.1% rate. That was faster than the expansion’s 4.6% average. (WSJ) U.S. Employment Costs Rose Solidly in First Quarter Compensation for American workers grew at a fast clip in the first quarter, signaling historically low unemployment might be starting to put upward pressure on companies’ labor costs. The employment-cost index, a measure of wages and benefits for civilian workers, increased 2.7% over the past year, the strongest annual pace since the third quarter of 2008, the Labor Department said Friday. On a quarter-over-quarter basis, the index also exhibited strength, rising 0.8% in January through March, compared with a 0.6% increase in the fourth quarter. The rise in overall employment costs was buoyed by an acceleration in private-worker wages and salaries, which grew 2.9% from a year earlier, compared with a 2.8% annual rise in the fourth quarter. Both wages and benefits grew swiftly in the first months of 2018. Overall wages and salaries, which account for 70% of total compensation, rose 0.9% from the prior quarter, following a 0.5% increase in the fourth quarter. (WSJ) Americans’ Confidence Slips But Remains Historically High Americans’ confidence in the economy slipped this month but remains high compared with historical levels. The University of Michigan said Friday its index of consumer sentiment dropped 2.6 points from a month earlier to a reading of 98.8 in April. Still, that figure was nearly 2 points above the level posted a year ago. The latest monthly drop mostly reflected a decline in Americans’ views of current economic conditions. An index measuring their expectations of future growth slipped only slightly. Some respondents in the latest survey voiced positive views of a tax cut law that took effect this year. Others voiced negative views on President Donald Trump’s new tariffs on imported goods like steel and aluminum. Confidence fell sharply during the 2007-2009 recession but has steadily climbed since, driven by steady job growth, low inflation, a booming stock market and rising home values. Friday’s report also showed consumers’ expectations for inflation in the near term dipped slightly. Consumers now expect inflation of 2.7% in the next year, down from the 2.8% they expected in last month’s survey. They still expect inflation of 2.5% over the next five years, the same as the prior three months’. (WSJ) Page 6 of 8
  9. 30-Apr-18 Europe and Uni ted Kingdom U .K.'s Worst GDP Performance Since 2012 Casts Doubt on Rate Move The U.K. economy registered its worst performance since the end of 2012 in the first quarter, fueling speculation that the Bank of England will abandon plans for an interest-rate increase next month. The pound fell as investors further pared back bets on a hike in borrowing costs that had been a near-certainty until last week, when Governor Mark Carney had first sowed the seeds of doubt on whether his institution would deliver it. The Office for National Statistics said gross domestic product barely rose in the initial three months of 2018, with growth of only 0.1%. The downside surprise in Q1’s GDP figures is probably the final nail in the coffin for the chance of an interest rate hike in May. This slow patch should prove to be transitory, if past experience is anything to go by. Nonetheless, the MPC is unlikely to be confident enough in two weeks’ time that there isn’t some underlying weakness too. The data highlight the challenge policy makers face in raising borrowing costs as the economy cools and the U.K. disentangles itself from the European Union. Inflation has accelerated since Britain voted to quit the bloc in 2016, sending the pound plunging. With the currency effect unwinding faster than the BOE expected, and growth slowing, the logic behind further rate hikes is unraveling. (Bloomberg) UK Consumer Confidence Falls Off 10-Month High in April – GfK British consumer sentiment fell back this month as households grew more worried about their finances and remained gloomy about the outlook for the economy, according to a long-running survey by market research company GfK. The headline gauge of consumer confidence, compiled by market research firm GfK for the European Commission, fell to -9 from a 10-month high of -7 in March. That meant the index had been in negative territory for 28 consecutive months with the last positive reading in January 2016, five months before voters decided to leave the European Union. Since then, Britain’s economy has slowed although inflation has recently fallen and wages have shown some signs of rising more quickly. The median forecast for the GfK survey in a Reuters poll of economists had pointed to another reading of -7. (Reuters) Eurozone Economic Confidence Remains Stable in April Eurozone economic sentiment remained stable in April, survey data from European Commission showed Friday. The economic sentiment index held steady at 112.7 in April. The score was forecast to drop to 112.0. Among components, the consumer confidence indicator came in at 0.4 versus 0.1 a month ago. The reading came in line with flash estimate. Similarly, the industrial confidence index rose slightly to 7.1 in April from 7.0 in the previous month. Meanwhile, the services sentiment index dropped to 14.9 from 15.9. Another survey showed that the business confidence index remained broadly unchanged in April. The index score was 1.35 versus 1.44 in March. (RTT) Germany Jobless Rate Drops in March Germany's unemployment rate decreased slightly at the end of the first quarter, the labor force survey from Destatis showed. The jobless rate edged down to 3.4% in March from 3.5% in February. In the corresponding moth last year, the rate was 3.9%. There were 1.48 million unemployed people in March, down from 1.49 million a month ago. On an unadjusted basis, the unemployment rate declined to 3.5% from 3.8%. (RTT) Page 7 of 8
  10. 30-Apr-18 Share Buy-Back : 27 April 2018 Company CHINWEL FIMACOR GRANFLO HAIO INCKEN KFIMA KOMARK MMSV N2N P&O RCECAP SIGN SNTORIA WTHORSE Bought Back Price (RM) Hi/Lo (RM) 14,300 39,000 130,000 11,000 3,000 10,000 10,000 70,000 2,000,000 5,000 100,000 100,000 20,000 8,000 1.62/1.61 1.96/1.93 0.21 4.92/4.87 0.69 1.47 0.18 1.45/1.40 0.995/0.955 1.08 1.31/1.29 0.525/0.515 0.59 1.86 1.64/1.61 1.96/1.93 0.205/0.20 4.97/4.85 0.69 1.47 0.175/0.17 1.45/1.40 1.00/0.95 1.32/1.29 0.525/0.515 0.605/0.59 1.86 Total Treasury Shares 5,018,100 4,594,200 9,619,000 9,276,488 17,864,400 470,400 7,645,000 3,101,500 19,466,700 11,775,293 14,610,425 13,667,100 8,225,800 11,112,200 Source: Bursa Malaysia 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) FY18 FY19 PER (X) FY18 FY19 Div Yield (%) FY18 FY19 52weeks 52weeks % Chg High Price % Chg Low Price % Chg YTD 27-Apr-18 AUTOMOBILE BAUTO 2.25 2.33 3.6% Buy 2,608 0.54 12.1 19.0 18.6 11.8 4.9 5.1 2.47 -8.9 1.84 22.3 MBMR 2.39 2.68 12.1% Hold 934 0.72 24.7 26.9 9.7 8.9 2.5 2.9 2.60 -8.1 2.01 18.9 2.3 8.6 PECCA 1.13 1.62 43.4% Buy 208 0.65 9.7 10.9 11.6 10.3 4.4 4.4 1.70 -33.5 1.12 0.9 -27.1 SIME 2.57 2.55 -0.8% Sell 17,478 1.71 13.2 16.4 19.5 15.7 1.3 1.6 3.06 -16.0 2.03 26.8 16.3 UMW 6.15 5.52 -10.2% Sell 7,185 1.39 28.6 40.2 21.5 15.3 2.3 3.3 6.98 -11.9 4.70 30.9 18.3 BANKS & FINANCIAL SERVICES ABMB 4.35 4.60 5.7% Sell 6,734 1.13 32.6 35.8 13.3 12.1 3.7 3.7 4.49 -3.1 3.62 20.2 6.6 AFFIN 2.50 2.40 -4.0% Sell 4,857 0.93 22.2 23.9 11.2 10.4 3.2 3.2 2.98 -15.0 2.22 13.9 9.5 AMBANK 3.78 4.70 24.3% Buy 11,394 1.56 38.1 44.4 9.9 8.5 4.8 4.8 5.70 -33.7 3.61 4.7 -14.3 CIMB 7.25 8.60 18.6% Buy 66,885 1.55 58.2 59.9 12.5 12.1 4.0 4.1 7.39 -1.9 5.71 27.0 10.9 HLBANK 18.86 21.30 12.9% Buy 38,580 0.89 116.8 126.8 16.1 14.9 2.5 2.5 20.02 -5.8 13.74 37.3 10.9 MAYBANK 10.76 11.50 6.9% Buy 117,504 0.99 73.6 77.7 14.6 13.8 5.1 5.1 10.84 -0.7 9.10 18.2 9.8 PBBANK 23.60 27.30 15.7% Buy 91,131 0.70 153.3 166.5 15.4 14.2 2.5 2.5 24.50 -3.7 19.90 18.6 13.6 RHBBANK 5.35 6.10 14.0% Buy 21,454 1.54 54.3 59.0 9.8 9.1 2.8 2.8 5.61 -4.6 4.71 13.6 7.0 BURSA 7.26 8.07 11.2% Buy 5,853 0.91 29.2 30.0 24.8 24.2 3.3 3.3 7.65 -5.1 6.31 15.0 7.6 ANNJOO 2.95 4.34 47.1% Buy 1,579 1.25 42.2 45.0 7.0 6.6 7.4 8.4 3.98 -25.9 2.80 5.4 -23.6 CHINHIN 1.10 1.32 20.0% Buy 612 0.93 10.7 10.5 10.3 10.5 5.6 4.9 1.49 -26.2 1.00 10.6 -9.1 CSCSTEL 1.36 1.70 25.0% Buy 502 0.85 17.4 17.9 7.8 7.6 6.9 7.0 2.05 -33.5 1.27 7.1 -11.7 ENGTEX 0.98 1.38 40.8% Buy 427 0.91 13.8 15.7 7.1 6.2 4.2 5.6 1.52 -35.5 0.96 2.1 -10.9 GADANG 0.81 1.34 65.4% Buy 536 1.37 14.0 16.6 5.8 4.9 3.7 3.7 1.37 -40.9 0.80 1.2 -27.0 GAMUDA 5.13 5.84 13.8% Buy 12,631 0.83 34.4 36.4 14.9 14.1 2.3 2.3 5.52 -7.1 4.58 12.0 3.4 IJM 2.74 2.96 8.0% Hold 9,940 1.38 13.7 18.2 20.0 15.1 3.5 3.5 3.60 -23.9 2.53 8.3 -10.2 BUILDING MATERIALS CONSTRUCTION KAB 0.23 0.38 66.7% Buy 7 na 31.4 37.3 0.7 0.6 4.4 5.3 0.33 -31.8 0.20 12.5 -25.0 PESONA 0.30 0.45 50.0% Buy 208 1.55 5.0 4.5 6.0 6.6 5.0 5.0 0.73 -58.6 0.30 1.7 -33.3 SENDAI 0.87 0.79 -8.7% Sell 676 1.56 9.9 8.7 8.8 9.9 1.2 1.2 1.39 -37.8 0.68 27.2 0.0 SUNCON 2.12 2.65 25.0% Hold 2,740 0.83 14.7 16.4 14.4 12.9 3.8 4.2 2.64 -19.7 1.92 10.4 -15.5 WCT 1.26 1.50 19.0% Sell 1,773 1.03 11.3 10.8 11.1 11.6 2.4 2.4 2.48 -49.1 1.13 11.5 -22.2 LITRAK 5.70 6.26 9.8% Hold 3,009 0.37 45.6 47.1 12.5 12.1 4.4 4.4 6.15 -7.3 5.40 5.6 2.7 CARLSBG 19.70 18.09 -8.2% Buy 6,060 0.67 87.8 91.8 22.4 21.5 4.4 4.5 21.00 -6.2 14.36 37.2 28.8 HEIM 20.48 21.64 5.7% Hold 6,187 0.50 93.0 101.6 22.0 20.2 3.7 3.9 23.04 -11.1 17.30 18.4 8.4 AEON 2.05 1.97 -3.9% Buy 2,878 0.30 7.5 8.9 27.2 23.0 2.2 2.4 2.50 -18.0 1.45 41.4 16.5 AMWAY 7.62 8.59 12.7% Buy 1,253 0.53 48.3 49.9 15.8 15.3 5.2 5.4 8.10 -5.9 6.97 9.3 4.3 F&N 35.94 33.74 -6.1% Buy 13,173 0.50 122.7 145.8 29.3 24.6 2.2 2.6 36.00 -0.2 23.40 53.6 33.1 CONSUMER Brewery Retail HUPSENG 1.09 1.25 14.7% Buy 872 0.41 5.7 5.9 19.1 18.4 5.5 5.5 1.28 -14.8 1.02 6.9 0.0 JOHOTIN 0.92 1.48 60.9% Buy 286 1.21 11.1 11.7 8.3 7.8 6.5 7.1 1.76 -47.7 0.90 2.2 -24.0 NESTLE 138.40 129.90 -6.1% Sell 32,455 0.66 322.2 360.2 43.0 38.4 2.2 2.3 163.00 -15.1 81.00 70.9 34.1 PADINI 4.38 4.67 6.6% Sell 2,882 0.89 28.0 30.4 15.7 14.4 2.9 3.0 5.50 -20.4 3.17 38.3 -17.0 -30.7 POHUAT 1.24 1.78 43.5% Buy 273 0.54 20.1 23.1 6.2 5.4 4.8 6.5 2.07 -40.1 1.15 7.8 QL 5.14 5.41 5.3% Hold 8,339 0.67 13.3 15.5 38.5 33.1 0.9 0.9 5.24 -1.9 3.65 41.0 18.2 SIGN 0.53 0.92 75.2% Buy 119 0.87 6.6 8.7 7.9 6.0 4.8 6.7 1.04 -49.5 0.48 9.4 -25.5 24.32 34.72 42.8% Buy 6,944 1.31 170.8 168.8 14.2 14.4 6.6 6.6 46.44 -47.6 22.62 7.5 -39.2 GENTING 8.79 11.58 31.7% Buy 33,679 1.35 55.1 61.8 15.9 14.2 1.8 1.8 9.92 -11.4 8.47 3.8 -3.7 GENM 5.03 6.68 32.8% Buy 28,463 1.49 27.6 32.0 18.2 15.7 2.4 2.6 6.28 -19.9 4.59 9.6 -9.3 2.09 3.22 54.1% Buy 2,815 0.55 19.9 26.0 10.5 8.0 7.7 8.6 2.83 -26.1 2.06 1.5 -6.7 CCMDBIO 2.91 3.40 16.8% Buy 812 0.82 16.2 17.7 17.9 16.4 1.6 1.7 3.05 -4.6 1.97 47.7 15.0 IHH 6.07 6.40 5.4% Sell 50,014 0.69 11.9 15.0 51.1 40.6 0.5 0.6 6.33 -4.1 5.42 12.0 3.6 KPJ 0.92 1.13 22.8% Buy 3,877 0.61 3.9 4.3 23.5 21.2 2.4 2.6 1.14 -19.3 0.84 9.5 -5.2 HARTA 5.83 7.80 33.8% Sell 19,309 1.06 12.6 14.4 46.4 40.5 1.3 1.5 6.64 -12.2 2.45 138.0 9.2 KOSSAN 6.40 9.73 52.0% Buy 4,093 0.60 37.4 42.1 17.1 15.2 2.9 3.3 8.79 -27.2 5.62 13.9 -21.1 Tobacco BAT GAMING Casino NFO BJTOTO HEALTHCARE Hospitals/ Pharmaceutical Rubber Gloves SUPERMX 2.83 2.70 -4.6% Buy 1,856 0.60 20.0 22.6 14.2 12.5 1.9 2.2 3.01 -6.0 1.69 67.5 41.5 TOPGLOV 9.39 12.20 29.9% Buy 11,994 0.60 35.3 42.7 26.6 22.0 1.5 1.9 10.44 -10.1 4.57 105.5 17.5 KAREX 0.77 0.93 21.6% Sell 767 0.82 1.8 3.0 43.2 25.3 0.6 1.0 2.26 -66.2 0.75 2.0 -41.2 SCIENTX 7.66 10.01 30.7% Buy 3,745 0.94 67.5 79.4 11.4 9.7 2.7 3.4 9.85 -22.2 7.45 2.8 -11.5 SKPRES 1.40 2.00 42.9% Buy 1,750 0.94 10.4 14.8 13.5 9.5 3.7 5.3 2.35 -40.4 1.25 12.0 -38.6 ASTRO 1.85 2.90 56.8% Buy 9,646 1.00 12.4 13.8 14.9 13.4 6.8 6.8 2.94 -37.1 1.75 5.7 -30.2 MEDIA PRIMA 0.32 0.45 40.6% Sell 355 1.34 -3.8 -1.7 na na 0.0 0.0 1.20 -73.3 0.29 10.3 -57.9 STAR 1.10 1.20 9.1% Sell 812 1.11 6.2 5.9 17.7 18.6 8.2 8.2 2.22 -50.4 1.04 5.8 -33.3 INDUSTRIAL MEDIA
  12. For Internal Circulation Only SNAPSHOT OF STOCKS UNDER COVERAGE Company Share Price Target Price (RM) (RM) % upside Recom Market Cap. (RMm) BETA EPS (sen) FY18 FY19 PER (X) FY18 FY19 Div Yield (%) FY18 FY19 52weeks 52weeks % Chg High Price % Chg Low Price % Chg YTD OIL & GAS DNEX 0.38 0.69 84.0% Buy 659 1.96 4.0 4.3 9.4 8.7 2.7 2.7 0.69 -45.7 0.34 11.9 -22.7 LCTITAN 6.23 7.60 22.0% Buy 14,161 na 56.3 60.9 11.1 10.2 4.0 4.3 6.53 -4.6 4.14 50.5 32.6 MHB 0.79 0.81 2.5% Sell 1,264 1.40 0.5 1.7 164.5 47.4 0.0 0.0 1.02 -22.5 0.63 26.4 -4.2 MISC 7.10 7.00 -1.4% Sell 31,693 1.05 50.1 53.8 14.2 13.2 4.2 4.2 7.90 -10.1 6.73 5.5 -4.3 PANTECH 0.58 0.77 32.8% Buy 431 1.39 6.4 7.0 9.1 8.3 4.3 4.7 0.74 -21.6 0.51 13.7 -10.1 PCHEM 8.47 9.00 6.3% Hold 67,760 0.88 52.5 53.8 16.1 15.7 3.1 3.1 8.65 -2.1 6.80 24.6 10.0 SAPNRG 0.68 0.84 24.4% Buy 4,045 2.90 -5.0 -1.7 na na 0.0 0.0 2.02 -66.6 0.40 70.9 -4.9 SERBADK 3.28 4.15 26.5% Buy 4,817 na 27.7 31.5 11.9 10.4 2.7 3.0 3.68 -10.9 1.79 83.2 1.2 UMWOG 0.28 0.39 41.8% Buy 2,259 2.54 0.4 1.2 72.0 23.7 0.0 0.0 0.68 -59.5 0.22 27.9 -9.8 UZMA 1.35 1.57 16.3% Hold 432 1.29 12.9 13.9 10.5 9.7 0.0 0.0 1.87 -27.8 1.18 14.4 5.5 FGV 1.73 2.09 20.8% Buy 6,311 1.63 2.0 3.4 85.6 50.8 2.9 2.9 2.18 -20.6 1.51 14.6 2.4 IJMPLNT 2.34 2.23 -4.7% Sell 2,061 0.23 6.5 8.2 35.8 28.5 3.4 3.8 3.22 -27.3 2.19 6.8 -14.6 IOICORP 4.79 5.43 13.4% Buy 29,249 0.94 19.0 21.3 25.2 22.5 5.5 3.5 4.81 -0.4 4.21 13.9 8.1 KFIMA 1.47 1.89 28.6% Buy 414 0.71 13.7 13.8 10.8 10.7 6.1 6.1 1.96 -25.0 1.44 2.1 -6.4 KLK 25.52 27.76 8.8% Hold 27,178 0.64 107.6 116.0 23.7 22.0 2.1 2.2 25.98 -1.8 23.80 7.2 2.1 SIMEPLT 5.56 6.27 12.8% Hold 37,813 na 19.6 20.0 28.4 27.9 2.5 2.9 6.00 -7.3 4.58 21.4 -7.3 TSH 1.29 1.81 40.3% Buy 1,781 0.50 9.3 9.6 13.9 13.4 1.9 1.9 1.82 -29.1 1.29 0.0 -21.8 UMCCA 6.05 6.21 2.6% Sell 1,269 0.40 17.0 22.4 35.7 27.0 2.6 3.0 7.08 -14.5 5.97 1.3 -7.1 GLOMAC 0.50 0.40 -20.0% Sell 397 0.65 1.5 2.5 33.1 20.2 2.0 2.0 0.65 -22.5 0.45 11.1 -9.8 HUAYANG 0.48 0.58 22.1% Sell 167 0.89 0.7 3.4 71.6 14.0 1.1 1.1 1.12 -57.6 0.44 8.0 -22.1 IBRACO 0.51 0.80 56.9% Buy 253 na 7.2 10.7 7.0 4.8 5.9 7.8 0.92 -44.6 0.50 2.0 -37.4 IOIPG 1.57 1.92 22.3% Buy 8,645 0.96 14.9 14.7 10.6 10.7 3.8 3.8 2.22 -29.3 1.50 4.7 -15.1 MAHSING 1.02 1.59 55.9% Buy 2,476 0.91 11.8 11.3 8.6 9.1 6.4 6.4 1.64 -37.8 0.98 4.1 -29.7 SIMEPROP 1.48 1.51 2.0% Hold 10,065 na 7.5 7.5 19.7 19.8 2.7 2.0 1.78 -16.9 1.04 42.3 -16.9 SNTORIA 0.59 0.76 28.8% Buy 330 0.36 8.3 8.6 7.1 6.9 1.7 1.7 0.82 -27.9 0.56 5.4 -15.1 SPB 4.25 5.10 20.0% Hold 1,460 0.68 18.7 24.0 22.7 17.7 2.8 2.8 5.50 -22.7 4.14 2.7 -13.3 SPSETIA 3.05 3.73 22.3% Buy 11,864 1.07 19.8 19.4 15.4 15.7 3.9 3.9 4.38 -30.4 2.77 10.1 -23.8 SUNWAY 1.51 1.75 15.9% Hold 7,357 1.01 11.8 12.4 12.8 12.1 4.0 4.0 1.96 -22.9 1.46 3.4 -7.4 SUNREIT 1.63 1.87 14.7% Hold 4,800 1.01 10.0 10.7 16.3 15.3 6.2 6.6 1.90 -14.2 1.48 10.1 -14.2 CMMT 1.14 1.48 29.8% Buy 2,326 0.92 7.9 8.4 14.4 13.6 7.1 7.5 1.83 -37.7 0.98 16.3 -37.7 PLANTATIONS PROPERTY REIT POWER & UTILITIES MALAKOF 0.90 0.82 -8.9% Sell 4,445 1.01 6.7 7.3 13.5 12.4 7.8 7.8 1.27 -29.1 0.85 5.9 -8.2 PETDAG 26.96 24.08 -10.7% Sell 26,784 0.63 114.7 116.3 23.5 23.2 3.2 3.2 28.18 -4.3 20.81 29.5 12.1 PETGAS 17.98 19.46 8.2% Buy 35,578 0.91 99.3 100.0 18.1 18.0 3.9 3.9 19.80 -9.2 15.82 13.7 2.9 TENAGA 15.86 18.22 14.9% Buy 89,863 0.62 131.3 127.5 12.1 12.4 4.1 4.0 16.34 -2.9 13.72 15.6 3.9 YTLPOWR 0.93 1.16 24.7% Sell 7,374 0.91 8.5 8.7 11.0 10.6 5.4 5.4 1.50 -38.0 0.92 1.6 -27.9 TELECOMMUNICATIONS AXIATA 5.30 6.50 22.6% Buy 47,964 1.61 15.9 19.4 33.3 27.3 1.5 3.0 5.82 -8.9 4.54 16.7 -3.5 DIGI 4.63 5.15 11.2% Buy 35,998 0.89 19.6 20.2 23.6 22.9 4.2 4.4 5.13 -9.7 4.36 6.2 -9.2 MAXIS 5.81 5.95 2.4% Sell 45,379 1.04 24.9 24.8 23.3 23.5 3.4 3.4 6.60 -12.0 5.30 9.6 -3.3 TM 5.28 7.20 36.4% Buy 19,842 0.67 22.8 24.9 23.1 21.2 3.9 4.2 6.69 -21.1 4.90 7.8 -16.2 ELSOFT 2.49 3.30 32.5% Buy 686 0.94 13.1 14.9 19.0 16.7 3.7 4.2 2.95 -15.6 2.22 12.2 -7.8 IRIS 0.17 0.22 29.4% Buy 420 2.43 0.0 0.3 618.0 53.7 0.0 0.0 0.25 -30.6 0.14 25.9 -8.1 INARI 1.79 2.40 34.1% Buy 5,574 0.57 9.1 10.2 19.6 17.6 3.6 4.0 2.55 -29.7 1.32 35.9 -21.0 MPI 7.70 10.70 39.0% Buy 1,532 1.13 73.9 86.9 10.4 8.9 4.2 4.2 14.52 -47.0 7.60 1.3 -39.0 UNISEM 1.82 2.75 51.1% Buy 1,336 1.38 13.1 18.6 13.9 9.8 6.0 6.0 4.25 -57.2 1.78 2.2 -50.1 TECHNOLOGY Semiconductor & Electronics TRANSPORTATION Airlines AIRASIA 3.97 4.93 24.2% Hold 13,268 0.77 41.1 41.1 9.7 9.7 2.0 2.0 4.75 -16.4 2.89 37.4 18.5 AIRPORT 9.01 8.61 -4.4% Sell 14,949 1.10 18.0 18.8 50.1 47.9 1.4 1.1 9.45 -4.7 7.65 17.8 2.5 Freight & Tankers PTRANS 0.25 0.46 87.8% Buy 311 na 2.3 3.7 10.6 6.6 2.8 4.5 0.38 -35.8 0.23 8.9 -12.5 TNLOGIS 1.05 1.45 38.1% Buy 479 1.03 10.3 10.5 10.2 10.0 4.8 4.8 1.79 -41.5 0.99 6.1 -21.6 WPRTS 3.40 4.06 19.4% Buy 11,594 0.39 15.6 20.0 21.8 17.0 3.4 4.4 4.06 -16.3 3.12 9.0 -8.1 SNAPSHOT OF FOREIGN STOCKS UNDER COVERAGE Company Share Price Target Price (S$) (S$) % upside Recom Market Cap. (S$m) Beta EPS (cent) FY18 FY19 PER (X) FY18 FY19 Div Yield (%) FY18 FY19 52week 52week % Chg High Price % Chg Low Price % Chg YTD BANKS & FINANCIAL SERVICES DBS 30.00 30.50 1.7% Buy 76,916 1.13 212.3 246.0 14.1 12.2 2.2 2.3 30.0 0.0 19.45 54.2 20.7 OCBC 13.65 14.30 4.8% Buy 57,092 1.18 109.6 123.3 12.5 11.1 6.7 7.7 13.9 -1.4 9.88 38.2 10.2 UOB 29.44 27.80 -5.6% Hold 48,896 1.17 216.8 244.2 13.6 13.6 2.7 2.7 29.7 -0.9 21.89 34.5 12.1 PLANTATIONS WILMAR 3.26 3.50 7.4% Buy 20,859 0.88 25.4 27.7 12.8 11.8 3.1 3.4 3.9 -15.8 2.97 9.8 5.5 IFAR 0.33 0.37 13.8% Buy 466 1.06 3.1 3.9 10.6 8.4 1.3 1.6 0.5 -36.9 0.32 3.2 -16.7 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 , April 30, 2018 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Outlook FBM KLCI: 1,863.47 (-24.28, -1.29%) Chartist : Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my KLCI Need to Rebuild Support Above 1,840 The local stock market fell into profit-taking correction mode last week, depressed by investor worries that rising interest rates will adversely impact global growth as US Treasury yields spiked up to 3 percent, increasing concerns that it will raise companies borrowing costs and depress profits. While easing downward momentum and cheaper prices encouraged bargain hunting on Friday, most investors remain sidelined amid caution ahead of the GE14 nomination day over the weekend. For the week, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) lost 24.28 points, or 1.29 percent to 1,863.47, with most of the fall contributed by Nestle (RM9.60), Petronas Dagangan (-64sen), Petronas Gas (-62sen), Public Bank (-60sen) and Hong Leong Bank (-54sen). Average daily traded volume and value shrank further to 1.88 billion shares and RM1.99 billion last week, compared to the 2.61 billion shares and RM2.33 billion average respectively the previous week. Bursa Malaysia shares slipped into profit-taking correction mode Monday, as falls in crude oil prices and US technology shares and rising US bond yields tempered investors’ risk appetite. The KLCI shed 7.39 points to settle at 1,880.36, off an early high of 1,891.59 and low of 1,878.37, as losers trashed gainers 711 to 216 on cautious trade totaling 1.94bn shares worth RM1.66bn. Blue chips extended profit-taking correction the next day, with investors worried over global trade tensions and rising interest rates as US Treasury yields climbed to the closed watched 3 percent mark. The KLCI lost another 15.02 points to close at the day’s low of 1,865.34, off an early high of 1,885.32, as losers beat gainers 574 to 291 on moderate turnover of 1.92bn shares worth RM2.32bn. Profit-taking on blue chips sustained for a third straight session Wednesday, as concerns rising interest rates will adversely impact global growth increased after US Treasury yields touched 3 percent. The KLCI slumped 13.41 points to end at 1,851.93, off the opening high of 1,863.75 and low of 1,850.28, as losers swarmed gainers 680 to 219 on slower turnover totaling 1.87bn shares worth RM1.97bn. Stocks stayed soft as profit-taking interest persisted the following day, with investors worried that rising interest rates will raise borrowing costs and depress profits. The KLCI ended flat at 1,852.27 (+0.34) after ranging between early high of 1,863.57 and low of 1,846.54, as gainers edged losers 442 to 349 on improved turnover of 2.04bn shares worth RM2.13bn. Easing downward momentum encouraged bargain hunting interest on Friday, but most investors remain sidelined amid caution ahead of the nomination of candidates for GE14 over the weekend. The index recouped 11.2 points to close the week at 1,863.47, off an early low of 1,856.59 and high of 1,866.88, as gainers led losers 452 to 338 on reduced turnover totaling 1.63bn shares worth RM1.87bn. Trading range for the blue-chip benchmark index expanded to 45.05 points last week, compared to the narrower 28.82-point range the previous week, as the previous two week’s rally to record highs evaporated on profit-taking pressure. For the week, the FBMEMAS Index shed 179.81 points or 1.37 percent to 12,988.73, while the FBM-Small Cap Page 1 of 3
  14. 30-Apr-18 Index slumped another 345 .50 points, or 2.32 percent to 14,545.46, given the persistent profit-taking and selling pressure depressing small cap stocks. Following last week’s correction, the daily slow stochastic momentum indicator for the FBM KLCI has been fully neutralized from its previous extreme overbought position (Chart 1), while the weekly indicator hooked back down for a sell signal in the overbought zone. The 14-day Relative Strength Index (RSI) hooked up for a neutral reading of 50.08 after the past two days rebound, but the 14-week RSI hooked down for a softer reading of 58.98. Chart 1 On the other hand, the daily Moving Average Convergence Divergence (MACD) trend indicator flashed a sell signal on the back of last week’s correction, while the weekly MACD indicator’s signal line re-hooked downwards to negate upside momentum (Chart 2). As for the 14-day Directional Movement Index (DMI) indicator, the +DI and –DI lines also crossed for a sell on a leveling ADX line, suggesting weakness in trend. Chart 2 Page 2 of 3
  15. 30-Apr-18 Conclusion While short-term overbought momentum has fully neutralized following last week ’s steep profit-taking correction, weak trend indicators suggest that more base building is required to rebuild a stronger support platform to anchor the subsequent recovery leg. Meanwhile, oil & gas related stocks should recover this week as the persistently high global crude oil prices caused by higher possibility that the US could renew trade sanctions on Iran this month which will limit supply, with the worsening political and economic condition in Venezuela adding fuel to the fire. Immediate support for the index remains at 1,840, which represents the 23.6%FR of the Dec 2017 low (1,708) to the Feb 2018 peak (1,880), followed by the 100-day ma (1,828), lower Bollinger band (1,825) and subsequently the 4/4/18 pivot low of 1,811. Overhead resistance will be 1,880, and then the recent high of 1,896. Stock-wise, blue-chip banking, utility and plantation counters such as CIMB, Maybank, Axiata, TM, IOI Corp and Sime Darby are likely to extend profit-taking consolidation given their weak technical momentum, but oil & gas related lower liners like Bumi Armada and DNEX should attract bargain hunters following their recent steep price correction. 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, April 30, 2018, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 3 of 3
  16. RESULTS UPDATE Monday , April 30, 2018 FBMKLCI: 1,863.47 Sector: Oil & Gas THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Pantech Group Holdings Berhad TP: RM0.77 (+32.8%) Last Traded: RM0.58 A Good End to the Year Abel Goon Tel: +603-2072 1277 ext. 1641 BUY abelgoon@ta.com.my www.taonline.com.my Review Pantech’s FY18 core net profit of RM47.3mn (YoY: +60.3%) was within estimates accounting for 102% and 104% of ours and consensus’ full-year estimates respectively. The YoY growth was mainly due to increased orders from the RAPID project, coupled with a boost in demand for Pantech’s products overseas, as crude oil and steel prices increase. To recap, we note that demand for Pantech’s carbon steel and stainlesssteel plant products increases on expectations of higher steel price. This is due to pre-emptive stocking up activities for the cheaper inventories. We note that revenue in 4QFY18 dipped by 4.6% QoQ as a result of the shorter working month, in conjunction with Chinese New Year festivities. Nevertheless, earnings grew 6.6% QoQ as EBITDA and PBT margins grew by 1 ppts. Both Pantech's stainless steel and carbon steel plants were running at 90% utilisation rate. We do not discount the possibility of another expansion. To recap, Pantech increased the capacity of its stainless-steel plant by 20% in FY18. Utilisation rate for Pantech's Nautic steel plant remained stable at 65% which is mildly positive for the Group. Note that this plant mainly produces products for upstream activities. According to management, many enquiries have been made regarding this plants’ products recently. We believe the higher crude oil price may jumpstart demand for Nautic’s products. Pantech proposed a final dividend of 0.5 sen, bringing total YTD dividend to 2.5 sen, which is greater than FY17 total dividend of 1.8 sen. This implies a full year dividend payout ratio of 39% in FY18 versus 38% in FY17. Share Information Impact We reduce our earnings forecast by 1.0%/0.3% in FY19/20 as we impute full-year figures into our model. Furthermore, we introduce FY21 core net profit of RM59.9mn implying 8.6% growth. Share Performance Outlook We expect better earnings in FY19, due to 1) sustained flow-in of RAPID orders, 2) improved margins, as demand increases, and 3) improved plant utilisation rates and turnaround at galvanising plant. Furthermore, 1) improving crude oil price and 2) expected increase in steel price after Trump imposes tariffs, is expected to spur demand for Pantech’s carbon steel fittings. This may result in another capacity expansion. Besides that, its large cash pile (RM70.2mn), coupled with robust operating cash flow (circa RM20mn per quarter), enables Pantech to maintain decent dividend yields of 4.7%-5.5% in FY19-21. Bloomberg Code PGHB MK Stock Code 5125 Listing Main Market Share Cap (m) 743.7 Market Cap (RMm) 431.3 52-wk Hi/Lo (RM) 0.74/0.51 12-mth Avg Daily Vol ('000) 1,521.0 Estimated Free Float (%) 42.0 Beta 1.6 Major Shareholders (%) CTL Capital - 17.9 GL-Management - 12.9 Koperasi Permodalan Felda - 8.5 Forecast Revision (%) FY19 FY20 Forecast Revision (%) (1.0) (0.3) Net profit (RM mn) 51.2 55.1 Consensus 52.8 57.9 TA/Consensus Previous Rating 97 95 Buy (Maintain) Financial Indicators FY19 FY20 Net debt/equity (x) 0.2 0.1 NTA/Share (RM) 0.7 0.8 P/NTA (x) 0.8 0.7 ROE (%) 8.5 8.8 ROA (%) 5.9 6.1 Scorecard % of FY vs TA 102 Within vs Consensus 104 Within Pantech FBMKLCI Price Change (%) 1 mth 2.7 0.0 3 mth (11.5) (0.3) 6 mth (15.9) 6.6 12 mth (12.1) 5.4 (12-Mth) Share Price relative to the FBMKLCI Source: Bloomberg Page 1 of 3
  17. 30-Apr-18 Valuation After our earnings adjustment , our TP is reduced slightly to RM0.77/share (previous: RM0.78) based on unchanged 11x CY19 PER. Given the expected increase in demand and continued RAPID order flow we reiterate our BUY recommendation on Pantech. Figure 1: Quarterly Results Analysis FYE Feb (RM mn) 4QFY18 3QFY18 Revenue 149.5 156.6 QoQ % 4QFY17 (4.6) 152.6 YoY% FY18 (2.0) FY17 614.7 YoY% 479.3 28.2 EBITDA 20.7 19.7 5.2 21.4 (3.3) 83.9 57.9 44.9 Depreciation (4.3) (4.3) (0.7) (3.6) 18.6 (17.0) (14.2) 19.9 Net Finance Cost (2.2) (2.3) (4.4) (1.8) 25.9 (8.4) (4.9) 71.8 Associate & JV (0.0) (0.1) (65.3) (0.0) 10.0 (0.2) 0.0 n.m. 0.0 (0.5) n.m. (0.1) (0.3) 0.2 n.m. EI n.m. PBT 14.1 12.4 13.5 15.8 (11.0) 58.0 39.1 48.4 Tax expense (2.9) (2.4) 21.7 (5.4) (46.6) (12.5) (10.7) 17.0 Minority Interests 0.0 0.0 0.9 n.m. 1.4 1.3 10.5 Net Profit 11.2 10.1 11.5 n.m. 11.3 (0.6) 47.0 29.7 58.1 Core Net Profit 11.2 10.5 6.6 11.4 (1.6) 47.3 29.5 60.3 Core EPS (sen) 1.5 1.4 6.4 1.5 (2.3) 6.3 4.0 58.5 DPS (sen) 0.5 0.5 0.0 0.5 0.0 2.5 1.8 38.9 EBITDA margin 14% 13% 14% 14% 12% PBT margin 9% 8% 10% 9% 8% Core Net margin 7% 7% 7% 8% 6% Figure 2: Quarterly Segmental Analysis 4QFY18 3QFY18 QoQ % 4QFY17 YoY % FY18 FY17 YoY % Revenue (RM'mn) Trading of Pipes, Fitting & Flanges 93.1 93.7 (0.6) 110.9 (16.1) 382.4 337.8 13.2 Manufacturing of Pipe Fittings 76.4 83.9 (9.0) 55.8 37.0 317.2 203.9 55.6 Investments & Management 9.8 11.0 (10.9) 6.3 56.4 30.8 24.4 26.2 Sub-total 179.3 188.6 (4.9) 173.0 3.7 730.4 566.0 29.0 Inter-segment elimination (29.9) (32.0) (6.8) (20.4) 46.4 (115.7) (86.7) 33.4 152.6 (2.0) 614.7 479.3 28.2 14.8 (32.6) 44.3 32.4 36.8 Total (4.6) 149.5 156.6 10.0 9.4 Manufacturing of Pipe Fittings 6.7 6.0 12.9 4.3 56.0 24.2 17.0 42.6 Investments & Management 8.7 9.9 (12.4) 4.4 96.6 26.0 19.9 30.8 25.4 25.2 0.5 23.5 7.9 94.5 69.3 36.5 (9.2) (10.6) (13.5) (6.1) 49.2 (27.9) (22.6) 23.2 14.6 10.6 (6.8) 66.6 46.6 42.9 Operating Profit (RM'mn) Trading of Pipes, Fitting & Flanges Sub-total Inter-segment elimination Total 16.2 6.3 17.4 Operating Margin Trading of Pipes, Fitting & Flanges Manufacturing of Pipe Fittings 11% 10% 13% 12% 10% 9% 7% 8% 8% 8% Page 2 of 3
  18. 30-Apr-18 Figure 3 : Earnings Summary FYE Feb (RM mn) FY17 FY18 FY19E FY20F FY21F Revenue 479.3 614.7 640.8 671.6 712.7 EBITDA 57.9 83.9 93.1 97.7 102.9 EBITDA margin 12.1 13.7 14.5 14.6 14.4 Pretax Profit (%) 39.1 58.0 65.3 70.3 76.3 Net Profit 29.7 47.0 51.2 55.1 59.9 Core Net Profit 29.5 47.3 51.2 55.1 59.9 Core EPS (sen) 4.0 6.3 6.9 7.4 8.0 Diluted EPS (sen) 3.8 6.1 6.6 7.1 7.7 EPS growth (%) (18.5) 58.5 8.3 7.7 8.6 PER (x) 14.5 9.1 8.4 7.8 7.2 DPS (sen) 1.8 2.5 2.7 2.9 3.2 (%) 3.1 4.3 4.7 5.0 5.5 Dividend yield 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, April 30, 2018, the analyst, Abel Goon, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 3 of 3
  19. Monday , 30 April, 2018 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. Top 14 Stock Picks for GE14 5. Weekly Ace Market Stock Watch 6. Weekly Small Cap Stock Watch 7. 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
  20. Technical View Monday , April 30, 2018 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Malaysia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my AXIATA RM5.30 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 5.52 5.35 5.19 10-day 30-day 50-day RM RM RM DMI SELL Recent Signal Signal Change CIMB SELL SELL RM7.25 BOLLINGER BANDS RM RM RM SIMPLE MOVING AVERAGES 7.39 7.18 6.96 10-day 30-day 50-day DMI Recent Signal Signal Change 5.38 5.38 5.42 DAILY MACD Recent Signal Signal Change Upper Middle Lower www.taonline.com.my RM RM RM 7.25 7.19 7.19 DAILY MACD SELL Recent Signal Signal Change SELL SELL Page 1 of 9
  21. 30-Apr-18 IOI CORP RM4 .79 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 4.83 4.76 4.69 10-day 30-day 50-day RM RM RM DMI DAILY MACD Recent Signal Signal Change SELL Recent Signal Signal Change MAYBANK RM RM RM SIMPLE MOVING AVERAGES 10.74 10.56 10.39 10-day 30-day 50-day BUY BUY Recent Signal Signal Change DMI Recent Signal Signal Change SELL RM10.76 BOLLINGER BANDS Upper Middle Lower 4.78 4.75 4.72 RM RM RM 10.63 10.52 10.46 DAILY MACD SELL Page 2 of 9
  22. 30-Apr-18 SIME DARBY RM2 .57 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 2.89 2.70 2.50 10-day 30-day 50-day RM RM RM DMI DAILY MACD Recent Signal Signal Change SELL Recent Signal Signal Change TM RM RM RM SIMPLE MOVING AVERAGES 5.73 5.35 4.97 10-day 30-day 50-day DMI Recent Signal Signal Change SELL RM5.28 BOLLINGER BANDS Upper Middle Lower 2.74 2.67 2.68 RM RM RM 5.41 5.38 5.56 DAILY MACD SELL Recent Signal Signal Change SELL Page 3 of 9
  23. 30-Apr-18 BUMI ARMADA RM0 .835 BOLLINGER BANDS Upper Middle Lower RM RM RM SIMPLE MOVING AVERAGES 0.92 0.85 0.77 10-day 30-day 50-day RM RM RM DAILY MACD DMI Recent Signal Signal Change SELL Recent Signal Signal Change DNEX RM RM RM SIMPLE MOVING AVERAGES 0.42 0.39 0.35 10-day 30-day 50-day DMI Recent Signal Signal Change SELL RM0.375 BOLLINGER BANDS Upper Middle Lower 0.86 0.84 0.85 RM RM RM 0.39 0.40 0.42 DAILY MACD SELL Recent Signal Signal Change SELL Page 4 of 9
  24. 30-Apr-18 Close Name 27 /Apr FBMKLCI 1863.47 Change High Low 11.20 1,866.88 1,856.59 Bollinger Bands RSI Moving Averages DMI MACD DMI Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff 1,824.93 1,862.79 1,900.65 44.98 1,873.99 1,861.70 1,858.44 21.44 29.74 14.50 (8.30) 3.57 5.71 (2.14) 0.02 MACD Recent Signal SELL DMI MACD Signal Change SELL - - AFFIN 2.50 -0.02 2.52 2.50 2.20 2.39 2.57 65.38 2.47 2.37 2.39 31.25 16.64 28.85 14.61 0.04 0.02 BUY BUY - ABMB 4.35 0.03 4.35 4.25 4.13 4.31 4.48 51.36 4.33 4.29 4.23 14.34 19.13 20.49 (4.79) 0.02 0.03 (0.01) SELL SELL - - AMBANK 3.78 0.05 3.79 3.75 3.65 3.86 4.08 35.83 3.88 3.93 4.07 12.31 29.99 29.45 (17.68) -0.07 -0.07 (0.00) SELL SELL - SELL AXIATA 5.30 0.14 5.31 5.06 5.19 5.35 5.52 32.56 5.38 5.38 5.42 10.38 28.39 23.12 (18.01) -0.03 -0.02 (0.01) SELL SELL - SELL CIMB 7.25 0.05 7.28 7.19 6.96 7.18 7.39 50.62 7.25 7.19 7.19 14.97 28.33 26.52 (13.36) 0.02 0.02 (0.00) SELL SELL - SELL DIGI 4.63 0.06 4.67 4.55 4.38 4.53 4.68 49.78 4.54 4.57 4.66 25.96 15.62 21.75 10.34 -0.04 -0.04 BUY BUY - - GAMUDA 5.13 0.01 5.15 5.10 4.95 5.10 5.25 52.61 5.10 5.10 5.07 20.69 18.48 11.46 2.21 0.01 0.01 (0.01) BUY SELL BUY - GENTING 8.79 0.13 8.81 8.72 8.61 8.87 9.12 38.65 8.89 8.89 8.91 10.26 26.21 28.79 (15.95) -0.03 -0.01 (0.03) SELL SELL - - 0.01 GENM 5.03 0.10 5.03 4.93 4.69 4.99 5.29 44.43 5.09 5.03 5.10 19.06 23.23 20.13 (4.16) -0.02 -0.01 (0.00) SELL SELL - SELL IHH 6.07 0.01 6.09 5.96 5.97 6.07 6.16 49.31 6.09 6.06 6.06 10.81 17.25 12.22 (6.44) 0.01 0.01 (0.00) SELL SELL - - IOICORP 4.79 0.02 4.80 4.77 4.69 4.76 4.83 54.22 4.78 4.75 4.72 12.37 16.62 19.92 (4.25) 0.02 0.02 (0.00) SELL SELL - - MALAKOFF 0.90 0.01 0.90 0.89 0.86 0.89 0.92 51.32 0.90 0.89 0.89 15.48 13.07 15.40 2.41 0.01 -0.01 0.01 BUY BUY - - MAXIS 5.81 0.01 5.85 5.75 5.53 5.77 6.01 49.03 5.83 5.78 5.84 14.03 17.02 21.43 (2.99) 0.01 0.00 0.01 SELL BUY - - 10.76 0.08 10.84 10.68 10.39 10.56 10.74 60.30 10.63 10.52 10.46 21.97 18.68 18.08 3.29 0.06 0.06 (0.00) BUY SELL BUY - MBSB 1.12 0.02 1.13 1.11 1.06 1.13 1.19 43.00 1.14 1.13 1.16 19.81 19.42 17.81 0.39 -0.01 0.00 (0.00) BUY SELL BUY - RHBBANK 5.35 0.04 5.35 5.30 5.13 5.29 5.46 50.11 5.35 5.30 5.31 19.17 21.28 17.37 (2.11) 0.01 0.01 (0.00) SELL SELL - SELL MAYBANK SIME 2.57 0.02 2.61 2.55 2.50 2.70 2.89 34.90 2.74 2.67 2.68 15.44 32.10 19.32 (16.66) 0.00 0.02 (0.02) SELL SELL - - 15.86 0.02 16.02 15.82 15.66 15.91 16.15 48.57 15.90 15.87 15.78 14.13 16.56 13.22 (2.43) 0.02 0.04 (0.02) SELL SELL - - TM 5.28 0.08 5.34 5.24 4.97 5.35 5.73 40.77 5.41 5.38 5.56 20.03 25.68 16.67 (5.65) -0.06 -0.05 (0.01) SELL SELL - - WPRTS 3.40 0.01 3.45 3.38 3.28 3.43 3.58 45.50 3.38 3.47 3.53 24.61 17.06 23.91 7.55 -0.04 -0.04 (0.00) BUY SELL BUY - AIRASIA 3.97 0.23 3.97 3.74 3.66 3.92 4.18 36.18 3.82 3.98 4.10 9.14 32.08 35.46 (22.94) -0.10 -0.08 (0.02) SELL SELL - - AIRASIA X 0.38 0.00 0.39 0.38 0.35 0.38 0.41 47.18 0.39 0.38 0.39 19.56 22.97 14.84 (3.41) 0.00 0.00 SELL BUY - - ARMADA 0.84 0.01 0.84 0.83 0.77 0.85 0.92 44.95 0.86 0.84 0.85 21.39 27.62 17.83 (6.24) 0.00 0.00 (0.01) SELL SELL - - DIALOG 3.10 0.11 3.10 3.00 2.95 3.08 3.21 48.37 3.09 3.00 2.87 17.22 23.20 26.18 (5.98) 0.05 0.08 (0.03) SELL SELL - - DNEX 0.38 0.01 0.38 0.37 0.35 0.39 0.42 40.47 0.39 0.40 0.42 16.86 29.07 19.64 (12.20) -0.01 SELL SELL - - ECO WORLD 1.13 0.00 1.14 1.13 0.98 1.07 1.17 58.48 1.11 1.06 1.14 23.13 17.17 30.51 5.96 0.01 -0.01 (0.00) -0.01 0.01 BUY BUY - - EKOVEST 0.81 0.00 0.82 0.81 0.77 0.86 0.96 35.71 0.84 0.90 0.94 14.95 29.17 21.36 (14.21) -0.04 SELL SELL - - FGV 1.73 0.02 1.74 1.71 1.61 1.76 1.91 42.34 1.77 1.75 1.82 18.68 17.68 23.46 0.99 -0.02 -0.03 (0.00) -0.01 (0.01) BUY SELL BUY - GADANG 0.81 0.00 0.82 0.81 0.79 0.86 0.93 30.35 0.85 0.88 0.94 14.01 31.84 31.70 (17.84) -0.03 SELL SELL - - HIAP TECK 0.38 -0.01 0.38 0.38 0.36 0.40 0.44 39.00 0.40 0.41 0.44 15.74 30.34 27.21 (14.60) -0.01 -0.03 (0.00) -0.01 (0.00) SELL SELL - - HIBISCUS 0.80 0.00 0.82 0.79 0.72 0.84 0.96 42.18 0.87 0.84 0.88 20.22 29.99 14.66 (9.77) -0.01 SELL SELL - - KUB 0.40 0.00 0.41 0.40 0.38 0.42 0.46 38.32 0.41 0.43 0.45 19.36 29.78 14.79 (10.42) -0.01 0.00 (0.00) -0.01 (0.00) SELL SELL - - MALTON 0.82 0.03 0.82 0.78 0.76 0.81 0.87 40.43 0.81 0.82 0.87 16.85 27.34 12.37 (10.49) -0.02 SELL SELL - - MUDAJAYA 0.66 0.02 0.66 0.65 0.62 0.68 0.75 34.18 0.68 0.70 0.76 20.31 44.55 28.00 (24.24) -0.03 -0.02 (0.00) -0.03 0.00 SELL BUY - - MRCB 1.00 0.00 1.01 1.00 0.91 1.00 1.10 46.75 1.02 1.00 1.03 19.61 23.82 13.91 (4.21) 0.00 0.00 0.00 SELL BUY - - SAPURA ENERGY 0.68 0.00 0.69 0.66 0.44 0.64 0.85 53.67 0.73 0.60 0.60 26.57 23.64 23.61 2.94 0.04 0.04 0.00 BUY BUY - - SUNCON 2.12 0.00 2.14 2.12 1.94 2.13 2.31 46.59 2.17 2.11 2.19 18.43 21.77 19.79 (3.34) 0.00 -0.01 0.00 SELL BUY - - UEMS 0.91 0.00 0.92 0.90 0.88 0.95 1.01 36.20 0.92 0.96 1.00 9.86 30.50 41.04 (20.63) -0.03 SELL SELL - - UMWOG 0.28 0.00 0.28 0.27 0.24 0.28 0.33 44.05 0.29 0.29 0.30 19.20 27.01 15.04 (7.81) -0.01 -0.03 (0.00) -0.01 (0.00) SELL SELL - - WASEONG 1.39 -0.01 1.44 1.38 1.28 1.41 1.54 45.30 1.43 1.46 1.50 18.50 27.18 21.06 (8.68) -0.02 -0.02 0.00 SELL BUY - - WCT 1.26 0.04 1.27 1.22 1.12 1.20 1.27 46.92 1.19 1.24 1.35 20.14 20.09 29.80 0.04 -0.04 -0.05 0.01 BUY BUY - - TENAGA 0.00 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 9
  25. 30-Apr-18 LIST OF RECOMMENDED BUY STOCKS FROM JAN 2018 TO CURRENT Stock AAX AIRASIA AXIATA AXIATA BINA PURI BUMI ARMADA BUMI ARMADA BUMI ARMADA DIALOG DIALOG DIGI DNEX DNEX DNEX ECO WORLD ECO WORLD ECO WORLD EKOVEST EKOVEST EKOVEST EKOVEST FGV FGV GADANG GADANG GADANG GADANG GENM GENM GENTING GENTING HIAP TECK HIAP TECK HIBISCUS HIBISCUS KIMLUN CORP KIMLUN CORP KKB ENGINEERING KKB ENGINEERING KKB ENGINEERING KUB KUB MALAKOFF MALTON MALTON MRCB MRCB MRCB MUDAJAYA MUDAJAYA MUDAJAYA MUDAJAYA MUDAJAYA NAIM NAIM RHBBANK SAPURA ENERGY SAPURA ENERGY SAPURA ENERGY SAPURA ENERGY SAPURA ENERGY SUNCON SUNCON TM TM TM TM UEM SUNRISE UEM SUNRISE UEM SUNRISE UEM SUNRISE UMWOG UMWOG UMWOG UMWOG UMWOG WCT HLGS WCT HLGS WCT HLGS WESTPORTS REC Date 15-Mar 15-Mar 30-Jan 14-Mar 9-Jan 15-Feb 21-Feb 27-Apr 15-Feb 21-Feb 6-Apr 28-Mar 5-Apr 27-Apr 9-Jan 23-Jan 18-Apr 24-Jan 8-Feb 28-Feb 12-Apr 29-Mar 10-Apr 26-Jan 13-Feb 28-Feb 13-Apr 2-Feb 13-Mar 2-Feb 13-Mar 30-Mar 18-Apr 28-Mar 5-Apr 13-Feb 1-Mar 16-Jan 14-Feb 1-Mar 29-Mar 10-Apr 17-Jan 30-Mar 12-Apr 3-Jan 23-Jan 4-Apr 16-Jan 9-Feb 14-Feb 2-Mar 13-Apr 9-Feb 1-Mar 7-Feb 5-Jan 18-Jan 23-Feb 16-Mar 11-Apr 19-Jan 26-Jan 30-Jan 7-Feb 14-Mar 6-Apr 3-Jan 24-Jan 4-Apr 17-Apr 5-Jan 18-Jan 23-Feb 16-Mar 11-Apr 19-Jan 8-Feb 17-Apr 17-Jan Total funds invested * Total unrealised profit/(loss) Return BUY Price 27-Apr-18 Price 0.42 4.16 5.68 5.45 0.37 0.82 0.85 0.82 2.66 2.68 4.38 0.41 0.34 0.37 1.40 1.44 1.11 1.09 0.96 1.01 0.90 1.69 1.73 1.18 1.05 1.07 0.88 5.51 5.30 9.63 8.99 0.42 0.41 0.84 0.71 2.15 2.15 1.00 0.92 0.96 0.44 0.42 0.96 0.81 0.84 1.16 1.21 0.96 0.91 0.88 0.87 0.86 0.70 1.04 1.01 5.16 0.71 0.81 0.70 0.49 0.54 2.48 2.59 6.12 5.97 5.71 5.13 1.10 1.20 1.01 0.94 0.36 0.38 0.33 0.32 0.28 1.65 1.56 1.19 3.45 0.38 3.94 5.30 5.30 0.28 0.83 0.83 0.83 3.09 3.09 4.63 0.38 0.38 0.38 1.13 1.13 1.13 0.82 0.82 0.82 0.82 1.72 1.72 0.81 0.81 0.81 0.81 5.01 5.01 8.75 8.75 0.38 0.38 0.80 0.80 2.18 2.18 0.93 0.93 0.93 0.41 0.41 0.90 0.80 0.80 1.01 1.01 1.01 0.66 0.66 0.66 0.66 0.66 0.98 0.98 5.34 0.68 0.68 0.68 0.68 0.68 2.12 2.12 5.28 5.28 5.28 5.28 0.91 0.91 0.91 0.91 0.27 0.27 0.27 0.27 0.27 1.26 1.26 1.26 3.39 Change (+/-) (0.04) (0.22) (0.38) (0.15) (0.10) 0.01 (0.02) 0.01 0.43 0.41 0.25 (0.03) 0.04 0.01 (0.27) (0.31) 0.02 (0.28) (0.15) (0.20) (0.09) 0.03 (0.01) (0.37) (0.24) (0.26) (0.07) (0.50) (0.29) (0.88) (0.24) (0.05) (0.04) (0.04) 0.09 0.03 0.03 (0.07) 0.01 (0.03) (0.04) (0.02) (0.06) (0.02) (0.04) (0.15) (0.20) 0.05 (0.26) (0.23) (0.22) (0.21) (0.04) (0.07) (0.04) 0.18 (0.03) (0.14) (0.02) 0.19 0.14 (0.36) (0.47) (0.84) (0.69) (0.43) 0.15 (0.19) (0.29) (0.10) (0.03) (0.09) (0.11) (0.06) (0.05) (0.01) (0.39) (0.30) 0.07 (0.06) 147,155 (9,390) -6.38% % (9.52) (5.29) (6.69) (2.75) (25.68) 1.22 (2.35) 1.22 16.17 15.30 5.71 (7.32) 11.76 2.70 (19.29) (21.53) 1.80 (25.23) (15.10) (19.31) (9.44) 1.78 (0.58) (31.36) (22.86) (24.30) (7.95) (9.07) (5.47) (9.14) (2.67) (10.71) (8.54) (4.79) 11.97 1.40 1.40 (7.00) 1.09 (3.12) (7.95) (3.57) (6.25) (1.85) (5.36) (12.93) (16.53) 5.21 (28.02) (25.57) (24.71) (23.84) (6.43) (6.25) (3.47) 3.49 (4.93) (16.67) (3.57) 37.76 25.00 (14.52) (18.15) (13.73) (11.56) (7.53) 2.92 (17.27) (24.17) (9.90) (3.19) (25.00) (28.95) (18.18) (15.63) (3.57) (23.64) (19.23) 5.88 (1.74) ST Upside Targets ** MT 0.44 4.47 5.99 5.99 0.34 0.95 0.95 0.95 3.44 3.44 4.75 0.51 0.51 0.51 1.32 1.32 1.32 1.02 1.02 1.02 1.02 2.06 2.06 1.02 1.02 1.02 1.02 5.54 5.54 9.92 9.92 0.48 0.48 1.06 1.06 2.42 2.42 1.14 1.14 1.14 0.51 0.51 1.05 0.96 0.96 1.22 1.22 1.22 0.80 0.80 0.80 0.80 0.80 1.20 1.20 6.00 0.91 0.91 0.91 0.91 0.91 2.43 2.43 5.95 5.95 5.95 5.95 1.08 1.08 1.08 1.08 0.36 0.36 0.36 0.36 0.36 1.50 1.50 1.50 3.91 0.41 4.30 5.55 5.55 0.32 0.90 0.90 0.90 3.28 3.28 4.64 0.46 0.46 0.46 1.20 1.20 1.20 0.90 0.90 0.90 0.90 1.91 1.91 0.93 0.93 0.93 0.93 5.32 5.32 9.33 9.33 0.44 0.44 0.98 0.98 2.25 2.25 1.01 1.01 1.01 0.47 0.47 0.98 0.88 0.88 1.14 1.14 1.14 0.73 0.73 0.73 0.73 0.73 1.10 1.10 5.59 0.80 0.80 0.80 0.80 0.80 2.26 2.26 5.77 5.77 5.77 5.77 1.02 1.02 1.02 1.02 0.32 0.32 0.32 0.32 0.32 1.40 1.40 1.40 3.78 LT 0.50 4.68 6.43 6.43 0.37 0.99 0.99 0.99 3.60 3.60 4.85 0.58 0.58 0.58 1.40 1.40 1.40 1.14 1.14 1.14 1.14 2.23 2.23 1.08 1.08 1.08 1.08 5.82 5.82 10.50 10.50 0.51 0.51 1.17 1.17 2.59 2.59 1.25 1.25 1.25 0.56 0.56 1.18 1.14 1.14 1.30 1.30 1.30 0.87 0.87 0.87 0.87 0.87 1.34 1.34 6.25 1.07 1.07 1.07 1.07 1.07 2.60 2.60 6.09 6.09 6.09 6.09 1.14 1.14 1.14 1.14 0.39 0.39 0.39 0.39 0.39 1.66 1.66 1.66 4.02 ST 7.89 9.14 4.72 4.72 16.36 8.43 8.43 8.43 6.15 6.15 0.22 21.05 21.05 21.05 6.19 6.19 6.19 10.43 10.43 10.43 10.43 11.05 11.05 14.81 14.81 14.81 14.81 6.19 6.19 6.63 6.63 17.33 17.33 23.27 23.27 3.21 3.21 8.60 8.60 8.60 16.05 16.05 8.89 10.69 10.69 12.87 12.87 12.87 11.45 11.45 11.45 11.45 11.45 12.82 12.82 4.68 18.52 18.52 18.52 18.52 18.52 6.60 6.60 9.28 9.28 9.28 9.28 12.09 12.09 12.09 12.09 18.52 18.52 18.52 18.52 18.52 11.11 11.11 11.11 11.50 % Upside MT 15.79 13.45 13.02 13.02 23.64 14.46 14.46 14.46 11.33 11.33 2.59 34.21 34.21 34.21 16.81 16.81 16.81 25.15 25.15 25.15 25.15 19.77 19.77 25.93 25.93 25.93 25.93 10.58 10.58 13.37 13.37 28.00 28.00 33.33 33.33 11.01 11.01 22.58 22.58 22.58 25.93 25.93 16.67 20.75 20.75 20.79 20.79 20.79 22.14 22.14 22.14 22.14 22.14 23.08 23.08 12.36 34.81 34.81 34.81 34.81 34.81 14.62 14.62 12.69 12.69 12.69 12.69 18.68 18.68 18.68 18.68 33.33 33.33 33.33 33.33 33.33 19.05 19.05 19.05 15.34 LT 31.58 18.78 21.32 21.32 34.55 19.28 19.28 19.28 16.50 16.50 4.75 52.63 52.63 52.63 23.89 23.89 23.89 39.88 39.88 39.88 39.88 29.65 29.65 33.33 33.33 33.33 33.33 16.17 16.17 20.00 20.00 36.00 36.00 47.17 47.17 18.81 18.81 34.41 34.41 34.41 38.27 38.27 31.11 43.40 43.40 28.71 28.71 28.71 32.82 32.82 32.82 32.82 32.82 37.44 37.44 17.04 58.52 58.52 58.52 58.52 58.52 22.64 22.64 15.34 15.34 15.34 15.34 25.27 25.27 25.27 25.27 44.44 44.44 44.44 44.44 44.44 31.75 31.75 31.75 18.58 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from January 2018 to current (sorted by name) together with upside targets, which are taken from subsequent Fibonacci Projection targets which could be achieved in one month (ST), three months (MT) and above six months (LT) from recommendation date. Interpretation: Investors should aim to take profit/sell trading positions when the percentage upside on the last three columns falls to 5% or below (shaded column). A negative percentage value indicates the upside target for the particular time-frame has been breached. Any revision in upside targets will be highlighted in bold. Page 6 of 9
  26. 30-Apr-18 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 41 Name Tel: +603-2167 9607 Total Money Flow (RM'mn) stsoo@ta.com.my (A) Total 5D MF Prv. Chg CLOSING PRICE (B) Cur. Chg www.taonline.com.my 20-Apr 23-Apr 24-Apr 25-Apr 26-Apr (A+B) DMF 20-Apr 23-Apr 24-Apr 25-Apr 26-Apr Chg FBMKLCI (9.6) 5.2 (17.1) (2.8) 29.7 5.4 14.2 32.5 1,888 1,880 1,865 1,852 1,852 0.34 IN AFFIN ABMB AMBANK AXIATA CIMB DIGI GAMUDA GENTING GENM IHH IOICORP MALAKOFF MAXIS MAYBANK MBSB RHBBANK SIME TENAGA TM WPRTS AIRASIA AIRASIA X ARMADA DIALOG DNEX ECO WORLD EKOVEST FGV GADANG HIAP TECK HIBISCUS KUB MALTON MUDAJAYA MRCB SAPURA ENERGY SUNCON UEMS UMWOG WASEONG WCT (0.0) (0.6) 0.3 (1.0) (4.5) (2.1) (1.3) (0.0) 0.3 (1.2) (1.1) 0.1 0.0 (2.8) 0.1 0.1 (0.6) 4.1 (0.8) (0.2) (0.3) (0.5) (0.2) 2.3 (0.0) 0.0 (0.0) (0.3) 0.0 (0.0) 0.1 (0.0) 0.1 (0.0) (0.4) (2.4) (0.0) (0.1) (0.5) 0.2 (0.1) 0.1 0.1 (0.3) (0.5) 0.3 (1.4) (0.1) (0.5) (0.2) (1.1) 0.6 0.0 0.3 (0.9) 0.1 0.1 (0.6) 10.6 (0.1) (0.0) (1.5) 0.4 (0.2) (0.5) (0.1) 0.0 0.1 (0.3) (0.0) (0.0) (0.1) (0.0) (0.0) 0.0 (0.3) (0.9) (0.0) (0.0) (0.2) 0.0 (0.1) 0.2 0.1 (0.7) (0.0) (1.1) (0.8) 3.2 (5.2) 0.3 (1.3) (1.1) (0.1) (0.0) 4.3 (0.2) (1.3) 0.6 0.7 (0.5) 0.1 (0.4) 0.2 0.2 1.6 0.1 0.0 (0.2) (0.3) (0.1) (0.0) (1.0) (0.0) (0.0) 0.0 (0.2) (0.6) 0.3 (0.1) 0.1 0.0 (0.2) 0.0 (0.2) 0.1 (1.7) (1.5) (1.3) 0.1 0.2 0.1 0.1 0.5 (0.0) (0.1) 1.3 (0.1) (0.2) (1.2) 4.9 (0.3) (0.3) (1.6) 0.1 0.4 (1.8) (0.0) (0.0) (0.1) (0.2) (0.0) 0.0 (0.0) (0.0) (0.0) 0.0 (0.2) (1.0) (0.0) (0.1) 0.1 (0.0) (0.2) 0.0 0.1 (0.4) (0.2) (0.0) (0.3) (2.7) 5.1 (0.2) (1.4) 0.2 0.0 0.0 3.3 (0.1) (0.2) 0.4 1.2 0.0 0.2 0.1 (0.3) 0.4 2.1 (0.1) (0.0) (0.0) (0.1) 0.0 0.0 0.0 (0.0) (0.0) (0.0) (0.2) (0.4) 0.2 (0.0) 0.4 0.0 (0.2) 0.4 (0.6) (1.0) (3.4) (6.8) (5.9) (0.7) (0.4) 0.2 (4.9) (0.9) 0.0 0.2 5.2 (0.2) (1.4) (1.5) 21.5 (1.8) (0.2) (3.7) (0.2) 0.7 3.6 (0.1) 0.1 (0.3) (1.2) (0.1) (0.1) (1.0) (0.0) 0.0 0.0 (1.3) (5.3) 0.4 (0.3) (0.0) 0.2 (0.8) (0.2) (0.3) 0.8 (1.7) (0.4) (0.5) (3.1) 5.3 (0.2) 1.4 1.6 0.1 (0.1) (3.0) 0.1 1.1 (1.8) 4.2 0.3 (0.4) (1.1) (0.1) 0.2 (3.4) (0.1) (0.0) 0.2 0.0 0.0 0.0 0.9 0.0 0.0 0.0 (0.0) (0.4) (0.3) 0.0 0.1 (0.0) (0.1) 0.0 0.3 (0.5) 1.5 1.5 1.0 (2.8) 5.0 (0.2) (1.5) (0.3) 0.1 0.1 2.0 0.0 (0.0) 1.6 (3.7) 0.3 0.4 1.7 (0.4) 0.0 3.9 (0.0) 0.0 0.0 0.2 0.1 0.0 0.1 (0.0) 0.0 (0.0) 0.0 0.6 0.2 0.0 0.3 0.0 0.1 2.52 4.48 3.88 5.45 7.30 4.53 5.11 8.86 5.17 6.12 4.78 0.90 5.87 10.72 1.15 5.38 2.80 15.92 5.50 3.40 3.80 0.39 0.84 3.15 0.40 1.12 0.83 1.72 0.85 0.40 0.90 0.42 0.82 0.66 1.03 0.76 2.19 0.92 0.29 1.48 1.16 2.53 4.36 3.86 5.45 7.24 4.49 5.05 8.86 5.08 6.10 4.78 0.89 5.89 10.62 1.13 5.36 2.78 15.88 5.37 3.40 3.77 0.38 0.83 3.10 0.38 1.11 0.81 1.71 0.83 0.38 0.86 0.40 0.80 0.66 1.01 0.72 2.15 0.91 0.28 1.46 1.17 2.55 4.25 3.80 5.33 7.22 4.45 5.04 8.75 5.02 6.09 4.78 0.90 5.82 10.62 1.12 5.30 2.68 15.88 5.24 3.36 3.77 0.38 0.83 3.05 0.38 1.12 0.82 1.70 0.82 0.38 0.83 0.40 0.79 0.66 1.00 0.71 2.11 0.91 0.28 1.44 1.24 2.56 4.19 3.78 5.30 7.17 4.49 5.08 8.75 4.88 6.05 4.75 0.89 5.82 10.58 1.10 5.27 2.57 15.84 5.23 3.33 3.69 0.38 0.81 3.00 0.37 1.13 0.80 1.70 0.81 0.38 0.80 0.40 0.78 0.65 1.00 0.67 2.16 0.89 0.27 1.42 1.17 2.52 4.32 3.73 5.16 7.20 4.57 5.12 8.66 4.93 6.06 4.77 0.90 5.80 10.68 1.10 5.31 2.55 15.84 5.20 3.39 3.74 0.38 0.83 2.99 0.37 1.13 0.81 1.71 0.81 0.38 0.80 0.40 0.79 0.64 1.00 0.68 2.12 0.91 0.28 1.40 1.22 (0.04) 0.13 (0.05) (0.14) 0.03 0.08 0.04 (0.09) 0.05 0.01 0.02 0.01 (0.02) 0.10 0.00 0.04 (0.02) 0.00 (0.03) 0.06 0.05 0.01 0.01 (0.01) 0.01 0.00 0.01 0.01 0.00 0.01 (0.01) 0.00 0.01 (0.01) 0.00 0.01 (0.04) 0.02 0.01 (0.02) 0.05 OUT IN IN OUT IN IN OUT IN OUT OUT IN IN IN OUT IN IN OUT IN IN IN IN OUT IN IN OUT OUT IN IN IN IN IN OUT OUT OUT OUT IN OUT IN IN OUT OUT 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 7 of 9
  27. 30-Apr-18 Daily Money Flow of FBMKLCI Malaysia Chartist : Stephen Soo No Name 20-Apr Tel: +603-2167 9607 Total Money Flow (RM'mn) 23-Apr 24-Apr 25-Apr stsoo@ta.com.my Total 26-Apr 5D MF (A) (B) Prv. Chg Cur. Chg www.taonline.com.my 20-Apr 23-Apr CLOSING PRICE 24-Apr 25-Apr (A+B) 26-Apr Chg DMF FBMKLCI (9.6) 5.2 (17.1) (2.8) 29.7 5.4 14.2 32.5 1,888 1,880 1,865 1,852 1,852 0.34 IN 1 MAYBANK (2.8) (0.9) 4.3 1.3 3.3 5.2 (3.0) 2.0 10.72 10.62 10.62 10.58 10.68 0.10 OUT 2 PBBANK 2.0 2.9 1.9 7.0 20.4 34.1 5.1 13.4 24.20 24.30 24.10 23.84 23.72 (0.12) IN 3 TENAGA 4.1 10.6 0.7 4.9 1.2 21.5 4.2 (3.7) 15.92 15.88 15.88 15.84 15.84 0.00 IN 4 CIMB (4.5) 0.3 (1.1) (1.5) (0.0) (6.8) (0.4) 1.5 7.30 7.24 7.22 7.17 7.20 0.03 IN 5 PCHEM (2.5) (4.0) (3.7) (7.5) (3.3) (20.9) (3.9) 4.3 8.48 8.46 8.49 8.39 8.41 0.02 IN 6 IHH (1.2) (1.1) (1.3) 0.1 (1.4) (4.9) 1.4 (1.5) 6.12 6.10 6.09 6.05 6.06 0.01 OUT 7 AXIATA (1.0) (0.5) (0.0) (1.7) (0.2) (3.4) (1.7) 1.5 5.45 5.45 5.33 5.30 5.16 (0.14) OUT 8 MAXIS 0.0 0.3 (0.0) (0.1) 0.0 0.2 (0.1) 0.1 5.87 5.89 5.82 5.82 5.80 (0.02) IN 9 HLBANK 0.3 0.0 0.2 (1.5) (0.2) (1.2) (1.7) 1.3 19.40 19.36 19.08 18.84 18.88 0.04 OUT 10 SIME PLT (0.6) (0.3) (0.0) 0.3 (0.3) (1.1) 0.3 (0.6) 5.52 5.57 5.54 5.50 5.56 0.06 OUT 11 DIGI (2.1) (1.4) (0.8) (1.3) (0.3) (5.9) (0.5) 1.0 4.53 4.49 4.45 4.49 4.57 0.08 IN 12 NESTLE (1.6) (0.9) 2.7 (0.8) (0.7) (1.4) (3.5) 0.2 148.00 148.00 147.50 139.10 136.50 (2.60) OUT 13 PETGAS 2.3 0.4 0.0 (0.1) 5.0 7.5 (0.2) 5.1 18.60 18.22 17.96 17.94 18.00 0.06 IN 14 GENTING (0.0) (0.5) (5.2) 0.2 5.1 (0.4) 5.3 5.0 8.86 8.86 8.75 8.75 8.66 (0.09) IN 15 MISC 0.3 (0.4) (1.0) 0.0 0.1 (1.0) 1.1 0.0 7.20 7.08 7.00 7.08 7.01 (0.07) IN 16 IOI CORP (1.1) 0.6 (1.1) 0.5 0.2 (0.9) 1.6 (0.3) 4.78 4.78 4.78 4.75 4.77 0.02 IN 17 GENM 0.3 (0.2) 0.3 0.1 (0.2) 0.2 (0.2) (0.2) 5.17 5.08 5.02 4.88 4.93 0.05 OUT 18 KLK 0.0 2.1 (12.6) (1.5) 0.4 (11.6) 11.1 1.9 25.50 25.52 25.50 25.48 25.50 0.02 IN 1.2 (0.1) 0.5 27.60 27.50 27.00 27.00 26.96 (0.04) IN 19 PETDAG (0.8) 0.1 0.6 0.5 0.9 20 HAP SENG (0.1) 0.0 (0.0) 0.0 0.1 0.0 0.0 0.1 9.73 9.73 9.70 9.71 9.73 0.02 IN 21 HLFG 0.1 (0.1) 0.4 0.0 0.1 0.5 (0.4) 0.1 19.64 19.64 19.46 19.30 19.36 0.06 OUT 22 PPB (0.2) (0.2) 0.5 0.0 0.2 0.4 (0.4) 0.2 19.02 19.10 19.10 19.18 19.20 0.02 OUT (1.8) 0.3 0.3 5.50 5.37 5.24 5.23 5.20 (0.03) IN 23 TM (0.8) (0.1) (0.5) (0.3) 0.0 24 RHBBANK 0.1 0.1 (1.3) (0.2) (0.2) (1.4) 1.1 (0.0) 5.38 5.36 5.30 5.27 5.31 0.04 IN 25 PMETAL 0.8 (0.8) 0.7 0.3 (0.2) 0.7 (0.4) (0.5) 5.11 5.10 4.79 4.74 4.71 (0.03) OUT 26 SIME (0.6) (0.6) 0.6 (1.2) 0.4 (1.5) (1.8) 1.6 2.80 2.78 2.68 2.57 2.55 (0.02) OUT (0.6) 0.1 0.1 1.47 1.45 1.42 1.39 1.40 0.01 IN IN 27 YTLCORP 0.1 (0.3) (0.2) (0.1) (0.1) 28 KLCCS (0.0) 0.2 0.0 (0.0) 0.1 0.2 (0.1) 0.1 7.35 7.20 7.20 7.02 7.21 0.19 29 AMBANK 0.3 (0.3) (0.7) 0.1 (0.4) (1.0) 0.8 (0.5) 3.88 3.86 3.80 3.78 3.73 (0.05) IN 30 ASTRO (0.3) 0.1 (0.1) (0.2) (0.3) (0.8) (0.0) (0.1) 1.94 1.91 1.84 1.79 1.81 0.02 OUT 10.7 (20.3) (9.6) 17.6 (12.5) 5.1 12.7 (29.8) (17.1) 15.2 (18.0) (2.8) 37.3 (7.6) 29.7 93.5 (88.2) 5.3 13 (17) 13 (17) 13 (17) 15 (15) 16 (14) (RM'mn) INFLOW OUTFLOW NET FLOW COMPANIES INFLOW OUTFLOW Daily Trading Participation Date Retail 20-Apr 23-Apr 24-Apr 25-Apr 26-Apr 21.0% 20.9% 18.4% 18.7% 17.1% Institution Foreign 55.1% 55.2% 56.8% 57.9% 55.4% 23.9% 23.9% 24.8% 23.4% 27.5% Total 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. Page 8 of 9
  28. Technical View Monday , April 30, 2018 Weekly Ace Market Stock Watch Malaysia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Report Description: The Weekly Ace Market Stock Watch is a compilation of selected stocks aimed at providing trading ideas and guide for momentum trading. The following table is derived from the 109 Ace Market counters currently listed in Bursa Malaysia. This recommendation is based on combination of fundamental and technical analysis. List of 20 Ace Market Stocks No Code Name 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 0140 0034 0165 0169 0020 0017 0025 0094 0109 0153 0072 0026 0131 0133 0104 0010 0096 0060 0152 0154 S TE RP RO [S ] MMAG [S ] XOX [S ] S MTRACK [S ] NE TX [S ] M3TE CH [S ] LNGRE S  [S ] INIX [S ] S CBUILD OVE RS E A AT [S ] NOVAMS C [S ] DGS B [S ] S ANICHI [S ] GE NE TE C [S ] IRIS  [S ] NE XGRAM [S ] S KH [S ] DGB E AH [S ] Current Price to Book Closing Market Cap Ratio Price (RM) (RM) 2Q17 3Q17 47,480,147 0.245 0.53 0.46 65,288,686 0.250 0.84 0.81 103,070,679 0.080 0.72 0.54 19,722,071 0.125 0.07 0.20 97,836,333 0.030 0.39 0.76 70,114,658 0.080 0.15 0.73 45,979,047 0.155 0.58 0.57 18,986,569 0.075 0.55 0.55 30,907,716 0.030 1.19 0.92 47,290,425 0.180 0.68 0.66 43,348,815 0.075 0.49 0.41 71,740,295 0.090 0.98 0.90 122,028,938 0.080 0.90 0.75 33,452,931 0.105 0.28 0.38 45,783,390 1.320 0.58 0.49 407,863,906 0.170 0.69 0.45 75,288,179 0.070 0.31 0.40 49,899,757 0.080 0.60 0.50 59,169,000 0.110 0.20 0.52 139,143,920 0.035 0.87 0.75 EPS (RM) 2Q17 0.000 -0.012 0.001 -0.059 0.000 -0.001 0.004 0.092 0.000 0.009 -0.036 0.000 0.001 0.000 -0.017 -0.010 -0.003 0.001 0.000 0.000 3Q17 0.000 -0.012 0.004 -0.004 0.001 -0.001 0.004 -0.088 0.000 -0.005 0.002 -0.004 0.000 -0.008 -0.064 -0.001 0.000 0.002 0.002 0.000 PE Ratio (%) 2016 na na na na na na na na na na na 85.59 16.18 9.90 11.17 na 8.20 na na na 2017 na na 35.00 na 55.56 na 17.41 na na 128.95 na na 42.31 na na na na 35.71 510.20 34.09 Operating Margin (%) 2Q17 -13.28 -3.94 2.15 -119.86 -11.32 7.94 7.09 105.62 2.24 11.68 -145.09 0.48 7.49 -1.55 6.33 -12.67 -58.93 1.90 0.10 -75.37 3Q17 -2.16 -4.06 4.95 -7.49 49.35 3.58 2.53 -66.11 2.84 -8.06 10.55 -16.57 2.78 -62.82 -6.66 3.51 6.30 2.87 291.10 -12.26 Return on Assets (%) 2Q17 -29.34 -14.09 -11.01 -6.30 -29.66 -10.03 -4.19 -31.14 -10.86 -3.55 -5.35 1.00 3.62 1.28 0.58 0.12 1.74 na na na 3Q17 -28.44 -12.09 -6.89 -17.08 -33.69 -9.30 2.57 -5.22 -5.85 -2.65 -9.36 -3.14 1.88 -1.21 -2.96 -2.12 -5.98 na na na Revenue (RMmn) 2Q17 52.64 56.85 36.82 0.19 4.87 10.97 14.52 0.02 4.50 19.09 4.42 6.48 24.58 6.12 38.78 128.10 25.18 na 0.39 na 3Q17 61.82 68.24 37.51 2.55 3.82 10.18 15.72 0.00 5.72 12.22 5.19 7.95 20.64 9.63 19.80 145.14 13.64 na na na Net Income (RMmn) 2016 -33.90 -18.72 -9.58 -8.75 -8.31 -5.93 -5.20 -4.96 -3.97 -3.09 -2.54 0.51 1.40 3.78 4.41 6.05 11.49 na na na 2017 -33.91 -21.43 2.15 na 1.08 -6.97 2.57 -8.16 -0.99 0.46 -9.05 -20.43 0.42 -3.42 -4.03 -292.14 -16.19 1.55 0.05 3.29 Net Income Growth (%) 2016 na 24.22 1,365.79 11.41 30.23 -35.79 2.31 -10,257.13 40.96 620.78 456.74 -55.94 -72.70 26.41 -1.14 127.62 65.44 na na na 2017 -0.03 -14.46 122.45 na 112.97 -17.58 149.41 -64.45 75.02 114.87 -256.00 -4,081.18 -70.32 -190.40 -191.41 -4,927.16 -240.93 na na na Source: Bloomberg This list is sorted first by the lowest price-to-book ratio from the 109 stocks listed in the Bursa Malaysia Ace Market sector which had reported third quarter results. INTERPRETATION OF FUNDAMENTAL INDICATORS: Price to Book: The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market price to its book value. It is also sometimes known as a Market-to-Book ratio. The calculation can be performed in two ways, but the result should be the same each way. Earnings Per Share (EPS): The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. PE Ratio: The price-to-earnings ratio, or P/E ratio, is an equity valuation multiple. It is defined as market price per share divided by annual earnings per share. Revenue: The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Net Income: A company's total earnings (or profit). Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. Page 1 of 2
  29. Support & Resistance – Ace Market No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Stock Code 0140 0034 0165 0169 0020 0017 0025 0094 0109 0153 0072 0026 0131 0133 0104 0010 0096 0060 0152 0154 Stock Stop-loss Support 2 Support 1 Current price Resistance 1Resistance 2Resistance 3 Reward Name SL S2 S1 20/Apr R1 R2 R3 Ratio S TE RP RO [S ] 0.18 0.20 0.22 0.245 0.31 0.35 0.38 2.60 MMAG [S ] 0.17 0.19 0.21 0.250 0.27 0.30 0.33 0.50 XOX [S ] 0.05 0.06 0.07 0.080 0.09 0.10 0.11 1.00 S MTRACK [S ] 0.05 0.08 0.10 0.125 0.15 0.18 0.23 1.00 NE TX [S ] 0.01 0.02 0.02 0.030 0.05 0.06 0.07 2.00 M3TE CH [S ] 0.05 0.06 0.07 0.080 0.11 0.13 0.15 3.00 LNGRE S  [S ] 0.11 0.12 0.13 0.155 0.17 0.19 0.21 0.60 INIX [S ] 0.02 0.04 0.06 0.075 0.12 0.14 0.16 3.00 S CBUILD 0.01 0.02 0.02 0.030 0.05 0.06 0.07 2.00 OVE RS E A 0.10 0.12 0.14 0.180 0.20 0.23 0.26 0.50 AT [S ] 0.04 0.05 0.06 0.075 0.10 0.12 0.14 1.67 NOVAMS C [S ] 0.02 0.04 0.06 0.090 0.12 0.14 0.16 1.00 DGS B [S ] 0.02 0.04 0.06 0.080 0.10 0.12 0.14 1.00 S ANICHI [S ] 0.06 0.08 0.10 0.105 0.14 0.15 0.16 7.00 GE NE TE C [S ] 0.90 1.04 1.18 1.320 1.40 1.53 1.75 0.57 IRIS  [S ] 0.12 0.14 0.16 0.170 0.22 0.25 0.28 5.00 NE XGRAM [S ] 0.02 0.03 0.04 0.070 0.07 0.08 0.09 0.00 S KH [S ] 0.05 0.06 0.07 0.080 0.11 0.12 0.14 3.00 DGB 0.06 0.08 0.10 0.110 0.15 0.16 0.18 4.00 E AH [S ] 0.01 0.02 0.03 0.035 0.06 0.07 0.08 5.00 Stock Code 0140 0034 0165 0169 0020 0017 0025 0094 0109 0153 0072 0026 0131 0133 0104 0010 0096 0060 0152 0154 Stock Stop-loss Support 2 Support 1 Current price Resistance 1Resistance 2Resistance 3 Reward Name SL S2 S1 27/Apr R1 R2 R3 Ratio S TE RP RO [S ] 0.18 0.20 0.22 0.235 0.31 0.35 0.38 5.00 MMAG [S ] 0.17 0.19 0.21 0.235 0.27 0.30 0.33 1.40 XOX [S ] 0.05 0.06 0.07 0.075 0.09 0.10 0.11 3.00 S MTRACK [S ] 0.05 0.08 0.10 0.115 0.15 0.18 0.23 2.33 NE TX [S ] 0.01 0.02 0.02 0.030 0.05 0.06 0.07 2.00 M3TE CH [S ] 0.05 0.06 0.07 0.075 0.10 0.11 0.13 5.00 LNGRE S  [S ] 0.11 0.12 0.13 0.150 0.17 0.19 0.21 1.00 INIX [S ] 0.02 0.04 0.06 0.075 0.12 0.14 0.16 3.00 S CBUILD 0.01 0.02 0.02 0.035 0.05 0.06 0.07 1.00 OVE RS E A 0.10 0.12 0.14 0.160 0.20 0.23 0.26 2.00 AT [S ] 0.04 0.05 0.06 0.080 0.10 0.12 0.14 1.00 NOVAMS C [S ] 0.02 0.04 0.06 0.085 0.12 0.14 0.16 1.40 DGS B [S ] 0.02 0.04 0.06 0.070 0.10 0.12 0.14 3.00 S ANICHI [S ] 0.04 0.06 0.08 0.100 0.14 0.15 0.16 2.00 GE NE TE C [S ] 0.90 1.04 1.18 1.200 1.28 1.40 1.53 4.00 IRIS  [S ] 0.12 0.14 0.16 0.165 0.20 0.22 0.24 7.00 NE XGRAM [S ] 0.02 0.03 0.04 0.065 0.07 0.08 0.09 0.20 S KH [S ] 0.05 0.06 0.07 0.080 0.11 0.12 0.14 3.00 DGB 0.04 0.06 0.08 0.105 0.14 0.15 0.16 1.40 E AH [S ] 0.01 0.02 0.02 0.030 0.05 0.06 0.07 2.00 Call RSI SOS SOS SELL BOW BOW BOW BOW BOW BOW BOW BOW SOS SELL BOW SOS BOW SOS BOW SELL BOW 41.61 80.56 44.19 35.30 44.04 36.76 47.93 48.00 50.97 50.52 41.86 39.94 47.22 48.24 48.02 42.54 74.06 43.40 36.23 45.66 Call RSI SOS SOS SELL BOW BOW BOW BOW BOW BOW BOW BOW SOS SELL BOW SOS BOW SOS BOW SELL BOW 36.51 64.35 40.81 32.27 37.69 38.90 39.50 43.94 58.37 41.62 49.71 37.60 40.07 44.89 30.19 43.10 58.81 41.05 40.08 46.56 Volume (mn Shares) today 5d-avg 20d-avg 0.127 0.097 0.150 9.417 21.933 14.411 1.793 5.344 5.691 0.034 0.082 1.419 17.085 4.092 6.389 2.648 0.734 2.572 0.521 0.566 0.639 0.308 1.958 1.491 0.030 0.276 0.712 0.208 0.077 0.034 1.317 0.504 0.773 0.608 0.355 1.170 7.539 4.171 8.395 1.200 3.815 1.924 0.003 0.003 0.042 19.246 21.730 16.070 90.249 37.460 42.906 5.745 60.058 52.217 1.783 2.732 7.637 1.581 6.963 7.067 Stochastics %K %D 0.0 20.0 90.0 93.3 50.0 58.3 50.0 69.0 50.0 50.0 20.0 46.7 50.0 50.0 42.9 52.4 50.0 50.0 85.7 85.7 40.0 53.3 50.0 72.2 75.0 65.0 40.0 54.5 80.0 79.3 0.0 33.3 100.0 100.0 25.0 25.0 0.0 33.3 0.0 16.7 Volume (mn Shares) today 5d-avg 20d-avg 0.044 0.126 0.113 7.979 7.062 15.890 1.392 3.338 5.199 0.065 0.022 0.769 1.632 8.232 7.035 1.861 1.566 1.753 0.695 0.342 0.480 0.447 0.520 1.437 0.032 0.178 0.626 0.471 0.156 0.071 0.033 0.367 0.720 0.210 0.276 0.840 0.265 2.396 7.313 2.882 1.091 2.122 0.016 0.005 0.018 8.748 13.378 16.544 57.189 74.337 56.027 15.539 16.417 51.599 0.435 1.059 5.115 37.666 1.896 6.780 Stochastics %K %D 0.0 0.0 28.6 36.3 0.0 11.1 16.7 22.2 0.0 16.7 25.0 33.3 20.0 13.3 0.0 6.7 100.0 83.3 28.6 66.7 33.3 44.4 0.0 16.7 0.0 0.0 12.5 8.3 0.0 0.0 20.0 26.7 66.7 77.8 16.7 20.8 25.0 8.3 50.0 33.3 Sources: Bloomberg, TA Securities Legend: Reward Ratio = (R1 - CP)/ (CP - S1) where CP = Current Price Call: BUY = outright BUY at current price BOW = Buy on weakness towards S1 TBUY = Trading or Speculative BUY at current price LTBUY = Long-Term BUY at current price SELL = outright SELL at current price SOS = Sell on strength towards R1 NEUTRAL = sideline, not attractive to buy or sell TP = Take Profit 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. %K = 100*Closing Range/Total Range %D = N-period moving average of %K where N is the %D period parameter. Page 2 of 2
  30. 30-Apr-18 Top 14 Stock Picks for GE14 Malaysia Chartist : Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Report Description: This is a new weekly technical product. The table below displays our top 14 stock picks for this GE14 season. We have chosen these stocks based on price momentum and chart patterns which showed very good recovery potential pre and post GE14 on a base case scenario for a comfortable win by the incumbent BN coalition. The lower table shows the Bloomberg consensus price targets and other key fundamental statistics. No. Bloomberg Ticker Stock Name 27-Apr-18 Stop Reward Price ST Upside Targets MT LT ST % Upside MT LT loss ratio CALL 1 DSTN MK Equity Destini Bhd 0.43 0.56 0.67 0.73 31.76 57.65 71.76 0.39 3.86 BUY 2 DNEX MK Equity Dagang NeXchange Bhd 0.38 0.51 0.58 0.69 36.00 54.67 84.00 0.33 3.00 BUY 3 DSON MK Equity Datasonic Group Bhd 0.92 1.10 1.20 1.30 19.57 30.43 41.30 0.76 1.13 BUY 4 EKO MK Equity Ekovest BHD 0.81 1.02 1.14 1.28 25.93 40.74 58.02 0.78 7.00 BUY 5 FGV MK Equity Felda Global Ventures Holdings Bhd 1.73 2.06 2.23 2.52 19.08 28.90 45.66 1.60 2.54 BUY 6 ICB MK Equity Iris Corp Bhd 0.17 0.24 0.27 0.29 41.18 58.82 70.59 0.13 1.75 BUY 7 JOH MK Equity Johan Holdings Bhd 0.24 0.34 0.40 0.45 41.67 66.67 87.50 0.21 3.33 BUY 8 KUBM MK Equity KUB Malaysia BHD 0.40 0.51 0.56 0.64 27.50 40.00 60.00 0.37 3.67 BUY 9 MALT MK Equity Malton Bhd 0.82 1.15 1.30 1.45 41.10 59.51 77.91 0.70 2.91 BUY 10 MRC MK Equity Malaysian Resources Corp Bhd 1.00 1.22 1.30 1.40 22.00 30.00 40.00 0.85 1.47 BUY 11 PRES MK Equity Prestariang Bhd 1.47 1.86 2.02 2.21 26.53 37.41 50.34 1.19 1.39 BUY 12 SAPE MK Equity Sapura Energy Bhd 0.68 0.91 1.07 1.23 34.81 58.52 82.22 0.60 3.13 BUY 13 UEMS MK Equity UEM Sunrise Bhd 0.91 1.06 1.14 1.22 17.13 25.97 34.81 0.75 1.00 BUY 14 ZEC MK Equity Zecon Bhd 0.58 0.73 0.78 0.86 26.96 35.65 49.57 0.53 3.44 BUY Notes: No. Bloomberg Ticker Upside Targets are derived from Fibonacci levels Forecast Upside Targets Reward ratio = (ST-SP)/(SP-SL) ST = Short Term (one month) where ST = Short Term upside target MT = Medium Term (three months) SP = current Share Price; SL = Stop loss level LT = Long Term (above six months) Stock Name Destini Bhd Target Close Price 0.43 0.80 % upside 47% EPS (RM) PER(x) Div Yield(%) 52week Price % Chg 2017 2018 2017 2018 2017 2018 High Low YTD 0.04 0.05 10.90 9.24 na na 0.78 0.39 -18.27 1 DSTN MK Equity 2 DNEX MK Equity Dagang NeXchange Bhd 0.38 0.64 41% 0.04 0.04 9.4 8.5 1.9 2.1 0.69 0.34 -22.68 3 DSON MK Equity Datasonic Group Bhd 0.92 1.63 43% 0.07 0.08 14.2 11.9 0.0 0.0 1.38 0.77 -20.69 4 EKO MK Equity Ekovest BHD 0.81 1.37 41% 0.07 0.10 11.9 8.4 0.0 0.0 1.47 0.78 -12.43 5 FGV MK Equity Felda Global Ventures Holdings Bhd 1.73 2.12 18% 0.05 0.06 33.3 27.0 0.0 0.0 2.18 1.51 2.37 6 ICB MK Equity Iris Corp Bhd 0.17 0.22 23% na 0.00 na 56.7 0.0 0.0 0.25 0.14 -8.11 7 JOH MK Equity Johan Holdings Bhd 0.24 na na na na na na 0.0 0.0 0.40 0.21 -38.46 8 KUBM MK Equity KUB Malaysia BHD 0.40 na na na na na na 0.0 0.0 0.63 0.37 2.56 9 MALT MK Equity Malton Bhd 0.82 na na na na na na 0.0 0.0 1.94 0.74 -12.83 10 MRC MK Equity Malaysian Resources Corp Bhd 1.00 1.23 19% 0.05 0.05 21.7 18.9 1.8 1.8 1.55 0.86 -10.71 11 PRES MK Equity Prestariang Bhd 1.47 2.23 34% 0.14 0.18 10.7 8.2 3.2 3.4 2.41 1.19 -3.29 12 SAPE MK Equity Sapura Energy Bhd 0.68 0.86 21% -0.01 0.02 na na 0.4 0.6 2.02 0.40 -4.93 13 UEMS MK Equity UEM Sunrise Bhd 0.91 1.16 22% 0.06 0.06 16.5 15.9 1.5 1.7 1.36 0.89 -12.98 14 ZEC MK Equity Zecon Bhd 0.58 na na na na na na 0.0 0.0 0.81 0.54 -16.06 Note: The above data is based on Bloomberg consensus. Sources: Bloomberg, TA Securities Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, April 30, 2018, 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 9 of 9
  31. 3131 Technical View Monday , April 30, 2018 Weekly Small Cap Stock Watch Malaysia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my www.taonline.com.my Report Description: The Weekly Small Cap Stock Watch is a compilation of selected stocks aimed at providing trading ideas and guide for momentum trading. The following is derived from the complete listing of Main Market stocks of more than 800 counters currently in Bursa Malaysia. This recommendation is based on combination of fundamental and technical analysis. List of 19 Small Cap Stocks Current Closing Price to Book Market Cap Price Ratio (RM) (RM) 2Q17 3Q17 7382 GLBHD [S ] 124,423,786 0.500 0.06 0.09 6998 BINTAI 53,204,916 0.140 0.15 0.16 4057 AS IAPAC [S ] 170,273,418 0.145 0.20 0.18 7315 AHB [S ] 49,291,142 0.190 0.24 0.18 2429 TANCO [S ] 89,322,729 0.110 0.16 0.21 6068 PCCS  [S ] 35,107,021 0.275 0.29 0.21 2097 EAS TLND [S ] 36,850,196 0.195 0.33 0.22 2208 PTGTIN [S ] 127,957,462 0.315 0.22 0.23 8486 LIONFIB [S ] 177,704,851 0.540 0.23 0.23 3395 BJ CORP 1,974,617,567 0.300 0.22 0.23 5145 S E ALINK 72,500,000 0.135 0.21 0.25 7014 YLI [S ] 44,216,845 0.310 0.34 0.26 4359 TURIYA [S ] 43,458,401 0.160 0.34 0.27 4758 ANCOM 136,637,405 0.575 0.25 0.27 5657 PARKS ON [S ] 661,667,936 0.430 0.34 0.28 4235 LIONIND [S ] 1,089,302,504 1.010 0.21 0.28 3778 ME LE WAR [S ] 58,635,930 0.210 0.42 0.28 4596 S APRE S  [S ] 131,224,000 0.780 0.43 0.29 9113 S ANBUMI [S ] 49,802,247 0.160 0.22 0.30 No Code 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Name EPS (RM) 2Q17 0.00 0.00 0.00 0.00 -0.01 -0.13 -0.01 -0.01 0.00 0.03 -0.01 0.05 0.00 0.00 0.07 0.08 -0.19 -0.02 0.00 3Q17 0.00 0.00 0.00 0.00 -0.01 -0.01 -0.01 0.00 0.00 0.00 -0.05 -0.01 0.00 0.05 -0.03 0.07 -0.08 0.70 0.00 Operating Margin (%) PE Ratio (%) 2016 2.27 na 2.55 17.54 na na na na na na na na 19.05 na na na 9.18 70.10 na 2017 49.59 na 21.11 59.19 na 26.42 na na 8.81 11.95 na 9.17 na 9.74 na 7.81 na 1.29 na 2Q17 -298.45 1.64 12.83 9.62 -349.72 -5.29 -25.96 -449.33 -0.52 10.12 -22.70 -5.07 10.26 4.32 -3.96 7.98 -18.50 -24.11 na 3Q17 -191.45 0.49 13.23 10.71 -13.79 4.03 -28.86 197.59 2.29 0.76 -136.60 -1.19 44.61 5.13 -1.13 9.15 -3.74 767.59 -10.46 Return on Net Income Revenue (RMmn) Assets (%) (RMmn) 2Q17 9.80 -3.43 5.49 5.75 -3.24 -7.93 -1.81 na -45.16 -1.01 -7.62 1.37 -0.23 -0.40 -1.11 -20.68 -7.07 -1.29 -8.77 3Q17 -1.78 -2.20 3.74 5.04 -3.77 -8.33 -2.52 na -40.77 -1.02 -10.23 1.89 -0.04 0.77 -1.28 -16.27 -9.75 17.17 -8.57 2Q17 6.04 116.88 28.27 4.39 2.55 168.24 6.04 na 158.10 2,257.13 40.39 40.79 5.58 409.68 1,038.27 596.54 146.90 10.65 10.51 3Q17 0.93 121.41 47.73 4.50 3.47 130.51 7.54 na 209.24 2,168.23 13.86 26.26 5.86 331.67 1,027.95 697.72 151.77 11.39 13.55 2016 70.08 -36.08 73.85 1.83 -8.72 -10.26 -4.78 na -387.20 -177.22 -56.66 -2.03 1.91 -6.99 -95.74 -796.48 8.23 2.71 -10.62 2017 2.63 -11.68 8.82 0.51 -11.44 -9.24 na -7.10 14.75 149.29 na 5.18 -1.45 17.47 -120.90 105.31 -78.22 100.34 -5.87 Net Income (%) 2016 1,715.32 -697.50 -80.39 na 41.38 41.28 -154.58 na -287.32 -119.90 -652.53 -267.27 55.65 -422.71 -305.48 -212.56 127.87 -88.51 -19.07 2017 -96.25 67.64 -88.06 -71.92 -31.17 9.94 na na 103.81 184.24 na 355.05 -175.77 349.87 -26.28 113.22 -1,049.94 3,598.38 -44.72 Source: Bloomberg This list is sorted first by the lowest price-to-book ratio from the Main Market which had reported third quarter results and excludes the FBM100 stocks. INTERPRETATION OF FUNDAMENTAL INDICATORS: Price to Book: The price-to-book ratio, or P/B ratio, is a financial ratio used to compare a company's current market price to its book value. It is also sometimes known as a Market-to-Book ratio. Earnings Per Share (EPS): The portion of a company's profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company's profitability. PE Ratio: The price-to-earnings ratio, or P/E ratio, is an equity valuation multiple. It is defined as market price per share divided by annual earnings per share. Revenue: The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income. Net Income: A company's total earnings (or profit). Net income is calculated by taking revenues and adjusting for the cost of doing business, depreciation, interest, taxes and other expenses. Page 1 of 2
  32. Support & Resistance – Small Cap No. Stock Code 1 7382 2 6998 3 4057 4 7315 5 2429 6 6068 7 2097 8 2208 9 8486 10 3395 11 5145 12 7014 13 4359 14 4758 15 5657 16 4235 17 3778 18 4596 19 9113 Stock Stop-loss Support 2 Support 1 Current price Resistance 1Resistance 2Resistance 3 Reward Name SL S2 S1 20/Apr R1 R2 R3 Ratio GLBHD [S ] 0.30 0.35 0.40 0.500 0.54 0.60 0.66 0.40 BINTAI 0.10 0.11 0.12 0.140 0.18 0.19 0.20 2.00 AS IAP AC [S ] 0.08 0.10 0.12 0.145 0.16 0.18 0.20 0.60 AHB [S ] 0.12 0.14 0.16 0.190 0.22 0.24 0.26 1.00 TANCO [S ] 0.06 0.07 0.08 0.110 0.12 0.14 0.16 0.33 PCCS [S] 0.18 0.20 0.23 0.275 0.31 0.35 0.39 0.78 E AS TLND [S ] 0.10 0.12 0.14 0.195 0.22 0.24 0.26 0.45 P TGTIN [S ] 0.26 0.28 0.30 0.315 0.36 0.40 0.43 3.00 LIONFIB [S ] 0.40 0.44 0.49 0.540 0.62 0.66 0.70 1.60 BJ CORP 0.22 0.24 0.26 0.300 0.32 0.34 0.36 0.50 S E ALINK 0.10 0.11 0.12 0.135 0.15 0.16 0.17 1.00 YLI [S ] 0.15 0.20 0.24 0.310 0.34 0.38 0.42 0.43 TURIYA [S ] 0.10 0.12 0.14 0.160 0.21 0.22 0.24 2.50 ANCOM 0.40 0.44 0.50 0.575 0.60 0.66 0.74 0.33 P ARKS ON [S ] 0.32 0.36 0.40 0.430 0.47 0.51 0.56 1.33 LIONIND [S ] 0.72 0.80 0.90 1.010 1.10 1.16 1.28 0.82 ME LE WAR [S ] 0.14 0.16 0.18 0.210 0.25 0.29 0.32 1.33 S AP RE S  [S ] 0.59 0.67 0.72 0.780 0.85 0.93 1.01 1.17 S ANBUMI [S ] 0.09 0.12 0.14 0.160 0.20 0.23 0.26 2.00 No. Stock Code 1 7382 2 6998 3 4057 4 7315 5 2429 6 6068 7 2097 8 2208 9 8486 10 3395 11 5145 12 7014 13 4359 14 4758 15 5657 16 4235 17 3778 18 4596 19 9113 Stock Stop-loss Support 2 Support 1 Current price Resistance 1Resistance 2Resistance 3 Reward Name SL S2 S1 27/Apr R1 R2 R3 Ratio GLBHD [S ] 0.30 0.35 0.40 0.495 0.54 0.60 0.66 0.47 BINTAI 0.10 0.11 0.12 0.135 0.18 0.19 0.20 3.00 AS IAP AC [S ] 0.08 0.10 0.12 0.140 0.16 0.18 0.20 1.00 AHB [S ] 0.12 0.14 0.16 0.190 0.22 0.24 0.26 1.00 TANCO [S ] 0.06 0.07 0.08 0.110 0.12 0.14 0.16 0.33 P CCS  [S ] 0.18 0.20 0.23 0.240 0.31 0.35 0.39 7.00 E AS TLND [S ] 0.10 0.12 0.14 0.190 0.22 0.24 0.26 0.60 P TGTIN [S ] 0.24 0.26 0.28 0.300 0.34 0.36 0.40 2.00 LIONFIB [S ] 0.40 0.44 0.49 0.540 0.62 0.66 0.70 1.60 BJ CORP 0.22 0.24 0.26 0.290 0.32 0.34 0.36 1.00 S E ALINK 0.10 0.11 0.12 0.145 0.15 0.16 0.17 0.20 YLI [S ] 0.15 0.20 0.24 0.310 0.34 0.38 0.42 0.43 TURIYA [S ] 0.10 0.12 0.14 0.155 0.21 0.22 0.24 3.67 ANCOM 0.44 0.48 0.52 0.575 0.66 0.74 0.80 1.55 P ARKS ON [S ] 0.32 0.36 0.40 0.415 0.47 0.51 0.56 3.67 LIONIND [S ] 0.72 0.80 0.90 0.955 1.10 1.16 1.28 2.64 ME LE WAR [S ] 0.14 0.16 0.18 0.200 0.25 0.29 0.32 2.50 S AP RE S  [S ] 0.59 0.67 0.72 0.790 0.85 0.93 1.01 0.86 S ANBUMI [S ] 0.09 0.12 0.14 0.170 0.20 0.23 0.26 1.00 Call RSI SELL BOW BOW SELL BOW SOS SOS SELL BOW BOW BOW BOW BOW BOW SOS BOW BOW SOS BOW 45.42 46.91 46.95 42.92 48.62 61.17 56.99 42.39 35.53 44.38 47.08 46.02 33.66 65.00 50.91 47.20 49.44 46.31 44.86 Call RSI SELL BOW BOW SELL BOW SOS SOS SELL BOW BOW BOW BOW BOW SOS SOS BOW BOW SOS BOW 44.25 42.39 42.91 44.25 49.11 46.48 52.73 38.10 34.99 39.39 54.21 46.47 30.34 58.74 46.26 42.49 44.63 47.74 48.82 Volume (mn Shares) Stochastics today 5d-avg 20d-avg %K %D 0.036 0.010 0.018 60.0 70.0 0.035 0.007 0.048 60.0 80.0 2.525 1.442 1.190 50.0 50.0 0.023 0.191 0.247 28.6 53.0 0.027 0.090 0.114 75.0 66.7 4.373 0.120 0.542 92.9 69.5 6.147 9.247 5.354 71.4 73.8 0.010 0.003 0.020 25.0 50.0 0.001 0.020 0.024 33.3 59.7 2.533 4.951 12.552 50.0 65.5 0.116 0.047 0.151 40.0 53.3 0.020 0.012 0.022 100.0 66.7 0.025 0.003 0.020 16.7 16.7 0.092 0.348 0.314 76.2 77.5 0.261 0.255 0.334 81.8 84.8 2.120 2.370 2.410 63.6 77.0 0.130 0.143 0.174 60.0 60.0 0.104 0.006 0.029 0.0 66.7 0.013 0.045 0.054 22.2 25.6 Volume (mn Shares) today 5d-avg 20d-avg 0.010 0.016 0.019 0.025 0.015 0.031 0.833 2.004 1.419 0.017 0.015 0.154 0.100 0.020 0.071 0.796 2.041 0.822 3.900 7.962 6.082 0.146 0.029 0.011 0.020 0.003 0.022 2.736 4.972 11.112 0.010 0.035 0.057 0.080 0.008 0.018 0.001 0.075 0.038 1.088 0.275 0.319 0.042 0.190 0.332 0.481 1.037 2.227 0.046 0.035 0.158 0.019 0.038 0.037 0.010 0.005 0.027 Stochastics %K %D 50.0 53.3 40.0 46.7 0.0 0.0 0.0 20.0 75.0 66.7 33.3 38.9 46.7 48.9 40.0 38.3 33.3 48.6 0.0 11.1 75.0 65.0 63.6 75.8 0.0 0.0 43.7 67.9 44.4 18.5 20.6 9.9 20.0 46.7 8.3 30.6 60.0 39.5 Sources: Bloomberg, TA Securities Legend: Reward Ratio = (R1 - CP)/ (CP - S1) Where CP = Current Price Call: BUY = outright BUY at current price BOW = Buy on weakness towards S1 TBUY = Trading or Speculative BUY at current price LTBUY = Long-Term BUY at current price SELL = outright SELL at current price SOS = Sell on strength towards R1 NEUTRAL = sideline, not attractive to buy or sell TP = Take Profit 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. %K = 100*Closing Range/Total Range %D = N-period moving average of %K where N is the %D period parameter. Page 2 of 2
  33. Technical View Monday , April 30, 2018 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Stock Screen Malaysia End Day Census of 27.04.2018 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 30 ‘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 30 Potential Breakout Stocks (Short-term BUY for upside toward Upper Bollinger Band or higher to TAKE PROFIT/ SELL) No Stock Name Price Bollinger Band Lower Middle RSI Upper 14-day Moving Average 5-day 10-day 30-day 50-day Vol 20-day avg vol 1 BRITISH AMERICAN TOBACCO BHD 24.32 22.34 24.17 26.00 43.04 24.65 24.03 25.40 26.66 54,600 474,405 2 PETRONAS DAGANGAN BHD 26.96 23.85 26.03 28.21 68.49 27.21 26.90 25.54 25.35 360,600 683,690 3 FAR EAST HOLDINGS BHD 11.00 8.25 9.89 11.52 70.93 11.08 10.57 9.57 9.32 3,000 7,040 4 HONG LEONG FINANCIAL GROUP 19.36 18.50 19.19 19.87 54.18 19.48 19.40 19.16 19.05 93,400 125,315 5 PANASONIC MANUFACTURING MALA 34.80 33.66 34.42 35.19 56.87 34.94 34.65 34.40 34.29 5,600 22,600 6 DUTCH LADY MILK INDS BHD 67.80 66.00 67.07 68.14 56.61 67.27 67.12 66.95 67.03 2,800 21,915 7 BATU KAWAN BHD 18.50 17.90 18.32 18.73 52.42 18.51 18.48 18.32 18.55 15,500 20,080 8 SUPERMAX CORP BHD 2.83 2.30 2.66 3.02 57.35 2.82 2.78 2.65 2.64 2,027,500 4,361,485 9 PMB TECHNOLOGY BHD 4.45 3.70 4.16 4.62 60.47 4.38 4.33 4.14 4.17 70,700 65,625 2.09 1.64 1.95 2.26 57.03 2.09 2.06 1.94 1.90 924,500 1,426,195 870,265 10 MUDA HOLDINGS BERHAD 19.24 18.29 18.84 19.39 69.09 19.12 18.91 18.85 18.49 501,500 12 TASEK CORP BHD 11 PPB GROUP BERHAD 8.20 7.76 8.04 8.33 48.83 8.16 8.14 8.10 8.43 2,000 3,360 13 MALAYSIA SMELTING CORP BHD 3.35 2.45 2.96 3.47 67.69 3.30 3.07 2.95 3.08 110,800 57,910 257,280 14 SHANGRI-LA HOTELS (MAL) BHD 5.84 5.40 5.67 5.95 65.96 5.81 5.77 5.45 5.27 156,500 15 APEX HEALTHCARE BHD 5.75 5.36 5.60 5.85 57.03 5.73 5.66 5.61 5.49 1,300 15,345 16 LATITUDE TREE HOLDINGS BHD 3.57 3.23 3.45 3.66 54.25 3.54 3.47 3.50 3.64 1,000 39,980 17 IMASPRO CORP BHD 18 CARLSBERG BREWERY MALAYSIA B 2.10 1.73 1.96 2.18 86.59 2.09 2.04 1.90 1.87 9,000 57,835 19.70 18.67 19.22 19.77 61.66 19.35 19.37 19.09 19.03 76,500 129,580 394,525 19 KLCCP STAPLED GROUP 7.39 6.92 7.18 7.45 55.53 7.20 7.25 7.15 7.42 65,600 20 ENCORP BHD 0.70 0.42 0.57 0.72 68.34 0.68 0.60 0.56 0.60 72,000 57,520 21 TONG HERR RESOURCES BERHAD 3.48 2.74 3.12 3.50 64.72 3.30 3.19 3.18 3.37 21,700 81,760 22 PERUSAHAAN SADUR TIMAH MALAY 3.76 3.45 3.61 3.77 60.95 3.69 3.65 3.60 3.62 3,300 8,520 23 N2N CONNECT BHD 0.99 0.70 0.85 1.00 66.80 0.90 0.89 0.84 0.88 10,220,100 2,075,610 10.76 10.38 10.57 10.77 64.50 10.64 10.63 10.52 10.46 27,036,600 15,067,240 25 NEW HOONG FATT HOLDINGS BHD 24 MALAYAN BANKING BHD 3.47 3.22 3.34 3.47 63.60 3.41 3.37 3.32 3.32 7,600 9,905 26 ENG KAH CORP BHD 1.39 0.98 1.18 1.39 66.43 1.24 1.15 1.23 1.29 200 610 27 SCICOM (MSC) BHD 2.03 1.77 1.90 2.02 60.55 1.95 1.92 1.94 1.94 538,700 271,840 20,610 28 SAM ENGINEERING & EQUIPMENT 6.78 5.93 6.35 6.77 65.63 6.46 6.47 6.40 6.62 42,200 29 MSM MALAYSIA HOLDINGS BHD 3.68 3.38 3.52 3.66 55.85 3.53 3.49 3.63 3.79 19,400 6,355 35.94 31.56 33.71 35.86 84.12 35.12 34.18 33.26 32.29 424,100 634,475 30 FRASER & NEAVE HOLDINGS BHD 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. *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. Page 1 of 3
  34. [UPPER BOLLINGER BREAKOUT] Top 20 Breakout Stocks (Generally BULLISH, but can be short-term TAKE PROFIT/SELL guide) No Stock Name Price Bollinger Band RSI Lower Middle Upper Moving Average 14-day 5-day 10-day 30-day 50-day Vol 20-day avg vol 1 FRASER & NEAVE HOLDINGS BHD 35.94 31.56 33.71 35.86 84.12 35.12 34.18 33.26 32.29 424,100 2 MENTIGA CORP BHD 0.71 0.52 0.59 0.66 71.09 0.57 0.57 0.59 0.61 1,300 634,475 6,665 3 SIME DARBY PROPERTY BHD 1.48 1.36 1.41 1.46 62.38 1.40 1.40 1.41 1.41 3,095,500 2,256,400 4 MSM MALAYSIA HOLDINGS BHD 3.68 3.38 3.52 3.66 55.85 3.53 3.49 3.63 3.79 19,400 6,355 5 SAM ENGINEERING & EQUIPMENT 6.78 5.93 6.35 6.77 65.63 6.46 6.47 6.40 6.62 42,200 20,610 6 WIDETECH (MALAYSIA) BHD 0.63 0.52 0.57 0.62 61.50 0.58 0.57 0.55 0.51 19,200 960 7 SCICOM (MSC) BHD 2.03 1.77 1.90 2.02 60.55 1.95 1.92 1.94 1.94 538,700 271,840 1,950,475 8 BERJAYA ASSETS BHD 0.47 0.39 0.43 0.46 73.22 0.45 0.43 0.43 0.43 1,069,400 9 PAOS HOLDINGS BHD 0.44 0.38 0.40 0.43 54.77 0.41 0.41 0.41 0.43 5,000 3,045 10 THREE-A RESOURCES BHD 1.08 1.00 1.04 1.07 59.92 1.04 1.04 1.04 1.04 1,794,700 481,460 11 WCT HOLDINGS BHD 1.26 1.13 1.19 1.25 52.08 1.19 1.19 1.24 1.35 7,930,700 5,964,305 12 EDEN INC BHD 0.15 0.11 0.13 0.15 63.49 0.13 0.13 0.13 0.14 1,156,400 484,185 13 ENG KAH CORP BHD 1.39 0.98 1.18 1.39 66.43 1.24 1.15 1.23 1.29 200 610 14 NEW HOONG FATT HOLDINGS BHD 3.47 3.22 3.34 3.47 63.60 3.41 3.37 3.32 3.32 7,600 9,905 15 SEALINK INTERNATIONAL BHD 0.15 0.13 0.14 0.15 57.31 0.14 0.14 0.14 0.14 10,100 57,440 16 HLT GLOBAL BHD 0.26 0.22 0.24 0.26 61.31 0.24 0.24 0.24 0.24 394,900 256,300 17 ATRIUM REAL ESTATE INVESTMEN 1.10 1.07 1.08 1.10 57.53 1.08 1.08 1.09 1.09 245,800 20,070 18 BORNEO OIL BHD 0.09 0.07 0.08 0.08 61.20 0.08 0.08 0.08 0.08 66,339,000 53,225,920 19 GREEN OCEAN CORP BHD 0.15 0.13 0.14 0.15 58.33 0.15 0.14 0.14 0.15 200,100 171,840 20 GPA HOLDINGS BHD 0.09 0.09 0.09 0.09 44.07 0.09 0.09 0.09 0.09 307,000 526,770 Raw data sourced from Bloomberg *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 Stock Name Price Bollinger Band RSI Lower Middle Upper Moving Average 14-day 5-day 10-day 30-day 50-day Vol 20-day avg vol 1 NESTLE (MALAYSIA) BERHAD 138.40 138.98 147.54 156.10 38.52 143.82 146.15 145.94 139.88 2 UNITED PLANTATIONS BHD 26.40 26.61 27.23 27.84 31.98 27.31 27.34 27.27 27.31 25,000 94,880 3 PUBLIC BANK BERHAD 23.60 23.66 23.98 24.29 41.96 24.03 24.04 23.91 23.44 4,557,500 4,698,405 4 KOSSAN RUBBER INDUSTRIES 6.40 6.45 7.29 8.13 18.32 6.80 7.13 7.48 7.82 449,000 500,485 5 SUNSURIA BHD 1.01 1.03 1.15 1.27 31.71 1.11 1.14 1.17 1.21 100,000 31,700 6 TAFI INDUSTRIES BHD 0.30 0.32 0.38 0.45 21.41 0.34 0.36 0.39 0.41 10,000 1,000 7 APB RESOURCES BHD 0.82 0.84 0.88 0.92 32.08 0.87 0.87 0.89 0.93 1,000 8,800 8 IBRACO BHD 0.51 0.52 0.66 0.79 38.51 0.60 0.62 0.68 0.71 24,600 8,245 9 FIMA CORP BHD 1.93 1.94 1.97 2.00 34.07 1.96 1.97 1.97 1.99 55,300 23,055 0.35 0.36 0.43 0.50 32.57 0.39 0.41 0.45 0.51 20,000 5,875 10 SEREMBAN ENGINEERING BHD 253,300 179,030 11 SELANGOR DREDGING BHD 0.76 0.77 0.80 0.84 29.10 0.78 0.80 0.81 0.83 10,000 64,675 12 GENETEC TECHNOLOGY BHD 1.20 1.21 1.30 1.40 30.19 1.27 1.30 1.33 1.34 16,000 17,905 13 UNISEM (M) BERHAD 1.82 1.83 2.33 2.83 25.44 2.09 2.29 2.41 2.53 4,745,300 3,634,525 14 PELANGI PUBLISHING GROUP BHD 0.45 0.46 0.50 0.55 36.19 0.48 0.49 0.50 0.51 3,000 1,100 15 SUIWAH CORP BHD 2.15 2.16 2.23 2.30 30.76 2.18 2.21 2.30 2.41 2,000 2,060 16 SARAWAK PLANTATION BHD 1.70 1.71 1.76 1.81 37.88 1.73 1.75 1.75 1.75 6,500 51,295 17 PLS PLANTATIONS BHD 0.78 0.79 0.85 0.91 18.33 0.81 0.83 0.89 1.00 100 3,155 18 BERJAYA FOOD BHD 1.66 1.67 1.72 1.77 36.18 1.72 1.72 1.73 1.76 500 50,065 19 TSH RESOURCES BHD 1.29 1.30 1.38 1.46 18.22 1.35 1.36 1.43 1.49 34,000 64,585 20 HOMERITZ CORP BHD 0.63 0.64 0.68 0.71 31.27 0.69 0.69 0.68 0.70 708,900 92,900 Raw data sourced from Bloomberg *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. Page 2 of 3
  35. TOP 20 OVERBOUGHT STOCKS (Generally BEARISH short-term, but are LONG-TERM BUY or HOLD) No Stock Name 1 IMASPRO CORP BHD 2 FRASER & NEAVE HOLDINGS BHD RSI Bollinger Band Price Lower Middle Upper 14-day Moving Average 5-day 10-day 30-day 50-day Vol 20-day avg vol 2.10 1.73 1.96 2.18 86.59 2.09 2.04 1.90 1.87 9,000 57,835 35.94 31.56 33.71 35.86 84.12 35.12 34.18 33.26 32.29 424,100 634,475 3 ASDION BHD 0.41 0.12 0.30 0.48 79.91 0.40 0.37 0.26 0.24 9,346,200 9,800,560 4 BERJAYA ASSETS BHD 0.47 0.39 0.43 0.46 73.22 0.45 0.43 0.43 0.43 1,069,400 1,950,475 2,821,785 5 PANSAR BHD 1.25 1.18 1.24 1.30 72.39 1.26 1.26 1.17 1.05 278,100 6 MENTIGA CORP BHD 0.71 0.52 0.59 0.66 71.09 0.57 0.57 0.59 0.61 1,300 6,665 7 CCK CONSOLIDATED HOLDINGS BH 1.48 1.26 1.39 1.51 71.03 1.45 1.42 1.36 1.32 671,400 887,215 8 FAR EAST HOLDINGS BHD 11.00 8.25 9.89 11.52 70.93 11.08 10.57 9.57 9.32 3,000 7,040 9 PPB GROUP BERHAD 19.24 18.29 18.84 19.39 69.09 19.12 18.91 18.85 18.49 501,500 870,265 10 AEON CO (M) BHD 2.05 1.71 1.94 2.17 68.66 2.02 2.02 1.88 1.79 1,894,300 2,194,105 26.96 23.85 26.03 28.21 68.49 27.21 26.90 25.54 25.35 360,600 683,690 12 ENCORP BHD 0.70 0.42 0.57 0.72 68.34 0.68 0.60 0.56 0.60 72,000 57,520 13 MALAYSIA SMELTING CORP BHD 3.35 2.45 2.96 3.47 67.69 3.30 3.07 2.95 3.08 110,800 57,910 11 PETRONAS DAGANGAN BHD 14 MWE HOLDINGS BERHAD 1.65 1.60 1.64 1.69 67.16 1.65 1.66 1.63 1.50 3,782,400 174,390 15 N2N CONNECT BHD 0.99 0.70 0.85 1.00 66.80 0.90 0.89 0.84 0.88 10,220,100 2,075,610 16 ENG KAH CORP BHD 1.39 0.98 1.18 1.39 66.43 1.24 1.15 1.23 1.29 200 610 17 YEE LEE CORPORATION 2.24 2.02 2.14 2.26 66.04 2.22 2.18 2.14 2.15 48,400 54,590 18 SHANGRI-LA HOTELS (MAL) BHD 5.84 5.40 5.67 5.95 65.96 5.81 5.77 5.45 5.27 156,500 257,280 19 AXIS REAL ESTATE INVESTMENT 1.39 1.24 1.34 1.44 65.69 1.38 1.38 1.31 1.31 71,600 613,465 20 SAM ENGINEERING & EQUIPMENT 6.78 5.93 6.35 6.77 65.63 6.46 6.47 6.40 6.62 42,200 20,610 Raw data sourced from Bloomberg *Note: The list below is the 20 of the most oversold of the 1000 over Bursa Malaysia listed stocks with 14-day RSI close to and below 30, the level below which is considered oversold. It is generally a short-term bullish or BUY list for technical rebound gains, especially if the readings are below 20. Caveat: The list consists of fundamentally weak stocks, and hence could be an AVOID list. TOP 20 OVERSOLD STOCKS (Generally BULLISH short-term, but AVOID fundamentally weak stocks) No Stock Name Price Bollinger Band Lower Middle RSI Upper 14-day Moving Average 5-day 10-day 30-day 50-day Vol 20-day avg vol 1 SLP RESOURCES BHD 2 ARK RESOURCES BHD 0.96 0.85 1.07 1.28 14.48 1.00 1.01 1.20 1.38 31,700 0.31 0.31 0.38 0.45 15.00 0.33 0.35 0.39 0.43 500 25 3 BLD PLANTATION BHD 4 VERSATILE CREATIVE BHD 8.01 7.98 8.07 8.16 15.51 8.01 8.03 8.12 8.21 900 4,165 0.44 0.44 0.51 0.58 17.22 0.48 0.49 0.54 0.56 477,000 329,340 5 TSH RESOURCES BHD 6 KOSSAN RUBBER INDUSTRIES 1.29 1.30 1.38 1.46 18.22 1.35 1.36 1.43 1.49 34,000 64,585 6.40 6.45 7.29 8.13 18.32 6.80 7.13 7.48 7.82 449,000 500,485 0.78 0.79 0.85 0.91 18.33 0.81 0.83 0.89 1.00 100 3,155 1.00 1.00 1.11 1.21 20.72 1.08 1.09 1.15 1.20 1,000 380 9 TAFI INDUSTRIES BHD 10 TITIJAYA LAND BHD 0.30 0.32 0.38 0.45 21.41 0.34 0.36 0.39 0.41 10,000 1,000 0.45 0.44 0.48 0.53 23.51 0.46 0.48 0.51 0.56 1,227,300 358,075 11 ISKANDAR WATERFRONT CITY BHD 12 UNISEM (M) BERHAD 0.73 0.64 0.82 0.99 24.05 0.73 0.76 1.01 1.14 1,342,700 4,773,460 1.82 1.83 2.33 2.83 25.44 2.09 2.29 2.41 2.53 4,745,300 3,634,525 13 BINA PURI HOLDINGS BHD 14 SYMPHONY LIFE BHD 0.28 0.26 0.30 0.33 25.73 0.28 0.28 0.31 0.32 20,000 417,170 0.72 0.69 0.76 0.82 26.37 0.72 0.73 0.77 0.78 3,700 324,350 15 AMVERTON BHD 16 SERN KOU RESOURCES BHD 1.00 0.94 1.08 1.21 26.74 1.02 1.03 1.14 1.23 1,000 4,265 0.54 0.52 0.58 0.63 26.99 0.54 0.55 0.64 0.70 163,200 34,075 17 YFG BHD 18 OCR GROUP BERHAD 19 KNUSFORD BHD 0.01 0.00 0.02 0.04 27.18 0.01 0.01 0.02 0.02 29,266,200 0.42 0.41 0.44 0.46 27.75 0.43 0.43 0.46 0.48 368,500 0.65 0.57 0.81 1.04 28.43 0.66 0.70 0.84 0.94 1,000 1,000 20 TUNE PROTECT GROUP BHD 0.72 0.69 0.74 0.78 28.71 0.72 0.73 0.77 0.84 568,600 1,085,115 7 PLS PLANTATIONS BHD 8 MALPAC HOLDINGS BERHAD 23,975 345,870 Raw data sourced from Bloomberg Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. As of Monday, April 30, 2018, 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
  36. Monday , 30 April, 2018 TA RESEARCH’S ‘DAILY COMPILED REPORTS’ For Internal Circulation Only Fo re i gn Te ch n ic al R e p o rt s 1. Fore i gn Te ch n i ca l St o c k W at ch ( A US ) 2. Fore i gn Te ch n i ca l St o c k W at ch ( HK ) 3. Fore i gn Te ch n i ca l St o c k W at ch ( F SS T I ) 4. Fore i gn Te ch n i ca l St o c k W at ch ( U S) Disclaimer The information in this report has been obtained from sources believed to be reliable. Its accuracy and/ or completeness is not guaranteed and opinions are subject to change without notice. This report is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect loss arising from the use of this document. We, our associates, directors, employees may have an interest in the securities and/or companies mentioned herein. Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my
  37. Technical View Monday , April 30, 2018 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Australia Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my QBE INSURANCE AUD10.00 BOLLINGER BANDS Upper Middle Lower AUD AUD AUD 10.06 9.72 9.38 SIMPLE MOVING AVERAGES 10-day 30-day 50-day AUD AUD AUD DMI BUY Recent Signal BOLLINGER BANDS AUD AUD AUD 6.45 5.84 5.22 BUY AUD6.24 SANTOS LTD SIMPLE MOVING AVERAGES 10-day 30-day 50-day DMI Recent Signal 9.87 9.76 9.97 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my AUD AUD AUD 6.01 5.56 5.34 DAILY MACD BUY Recent Signal BUY Page 1 of 5
  38. 30-Apr-18 COCA-COLA AMATIL AUD9 .30 BOLLINGER BANDS Upper Middle Lower AUD AUD AUD SIMPLE MOVING AVERAGES 9.14 8.89 8.64 10-day 30-day 50-day AUD AUD AUD BUY Recent Signal DMI 8.94 8.85 8.81 DAILY MACD Recent Signal STOCKLAND BUY AUD4.01 BOLLINGER BANDS SIMPLE MOVING AVERAGES Upper AUD 4.07 10-day AUD 3.94 Middle Lower AUD AUD 3.98 3.89 30-day 50-day AUD AUD 4.02 4.02 DMI Recent Signal DAILY MACD SELL Recent Signal SELL Page 2 of 5
  39. 30-Apr-18 WEEKLY FOREIGN STOCK WATCH UPDATE The table below consists of the top 30 ASX 200 Index component stocks , weighted by market capitalization in descending order, with some popular technical indicators. Some other popularly traded stocks are included at the bottom section. The technical BUY/SELL signals on the last two columns are auto generated. Name ASX 200 BHP BILLITON RIO TINTO COMMONW BK AUSTR WESTPAC BANKING AUST AND NZ BANK NATL AUST BANK WESFARMERS WOODSIDE PETRO NEWCREST MINING WESTFIE LD GROUP 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 27-Apr Lower Mid Upper 14d 10d 30d 50d DI + DI - ADX Diff Line Signal Diff Recent Signal 5953.60 42.83 5953.60 5910.80 5735.66 5831.17 5926.67 57.20 5865.70 5859.94 5895.28 30.47 16.48 15.63 13.99 2.25 -13.54 15.794 BUY BUY 31.11 79.65 71.54 28.30 26.63 28.59 43.39 32.25 21.38 9.08 4.51 10.00 9.62 4.02 6.24 108.10 13.81 19.80 7.96 9.30 13.73 4.01 2.67 17.19 5.69 16.27 0.08 0.25 -0.71 0.17 0.06 0.12 0.26 0.08 0.64 0.15 0.02 0.00 0.13 -0.03 0.04 2.68 0.03 0.40 0.07 0.06 -0.11 0.03 0.02 0.09 -0.16 0.21 31.27 80.18 72.63 28.30 26.69 28.66 43.70 32.50 21.49 9.08 4.56 10.15 9.62 4.10 6.28 108.46 13.88 19.82 8.02 9.34 13.94 4.02 2.69 17.32 5.83 16.45 30.84 79.27 71.09 27.60 26.11 28.11 43.12 32.18 20.90 9.01 4.48 9.93 9.53 4.01 6.17 105.81 13.78 19.55 7.94 9.24 13.67 3.99 2.64 17.10 5.66 16.09 27.62 70.83 71.57 28.26 26.39 28.18 40.60 28.73 19.33 8.44 4.19 9.38 8.49 4.03 5.22 100.52 13.26 17.45 7.00 8.64 13.85 3.89 2.24 16.73 5.77 13.61 29.60 76.65 72.87 28.84 26.84 28.64 41.66 30.38 20.02 8.71 4.46 9.72 9.05 4.66 5.84 103.54 13.54 18.50 7.50 8.89 14.05 3.98 2.56 17.23 5.94 14.95 31.58 82.47 74.17 29.43 27.29 29.10 42.72 32.03 20.72 8.98 4.74 10.06 9.61 5.30 6.45 106.55 13.81 19.55 8.00 9.14 14.25 4.07 2.88 17.73 6.11 16.29 65.77 57.69 41.52 34.57 37.58 43.32 66.53 76.21 58.63 63.66 45.44 58.01 63.09 10.86 80.20 58.12 61.40 68.93 68.58 70.38 41.61 47.83 56.41 46.26 46.42 62.15 30.47 79.25 72.69 28.77 26.77 28.58 41.66 31.03 20.30 8.78 4.56 9.87 9.29 4.42 6.01 104.73 13.65 18.93 7.72 8.94 14.02 3.94 2.69 17.22 5.93 15.51 29.38 29.68 36.77 18.08 20.73 18.69 76.17 77.25 31.31 22.89 23.28 8.42 73.59 74.33 19.20 26.42 22.40 (7.22) 29.07 29.60 18.68 35.67 17.35 (16.98) 27.25 27.69 17.72 28.21 24.21 (10.49) 28.92 29.26 22.31 25.88 14.10 (3.57) 41.87 41.57 31.71 13.96 15.07 17.75 29.90 29.65 35.00 7.98 32.61 27.03 19.96 20.72 33.86 19.15 19.19 14.71 8.66 8.66 36.19 18.37 22.84 17.82 4.55 4.75 20.79 27.31 21.73 (6.52) 9.76 9.97 23.95 15.25 21.24 8.70 9.01 8.97 31.11 21.18 15.51 9.93 4.85 5.04 2.85 52.40 61.00 (49.55) 5.56 5.34 43.65 8.56 46.62 35.09 104.12 103.77 22.94 17.97 12.08 4.97 13.57 13.55 25.73 12.79 17.46 12.93 18.47 18.48 34.23 12.07 26.34 22.16 7.38 7.38 28.52 12.26 25.84 16.26 8.85 8.81 33.91 11.77 22.66 22.13 14.09 14.10 21.16 27.59 10.01 (6.43) 4.02 4.02 22.26 23.65 14.57 (1.39) 2.50 2.42 32.23 24.62 31.54 7.62 17.39 17.51 25.41 30.11 14.28 (4.70) 5.95 5.81 18.36 20.17 16.31 (1.82) 15.12 15.76 30.03 18.69 22.70 11.35 0.50 1.22 -0.58 -0.26 -0.27 -0.18 0.14 0.57 0.00 0.06 -0.03 0.02 0.13 -0.27 0.23 0.50 0.05 0.23 0.15 0.08 -0.05 -0.03 0.09 -0.12 0.02 0.12 0.26 0.71 -0.65 -0.27 -0.32 -0.21 -0.04 0.36 -0.15 0.03 -0.06 -0.04 0.09 -0.20 0.23 0.22 0.02 0.13 0.11 0.05 -0.04 -0.03 0.09 -0.08 0.05 -0.10 0.238 0.508 0.071 0.008 0.053 0.037 0.180 0.211 0.157 0.026 0.032 0.066 0.044 (0.067) 0.007 0.280 0.031 0.098 0.045 0.023 (0.013) 0.000 0.008 (0.041) (0.025) 0.220 BUY BUY SELL SELL SELL SELL BUY BUY BUY BUY SELL BUY BUY SELL BUY BUY BUY BUY BUY BUY SELL SELL BUY SELL SELL BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY SELL BUY BUY BUY BUY BUY BUY SELL BUY BUY SELL SELL BUY INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 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
  40. 30-Apr-18 Fundamentals of Foreign Technical Picks Bloomberg Stock Name Ticker BHP AU BHP BILLITON LTD RIO AU RIO TINTO LTD CBA AU COMMONW BK AUS TR WBC AU WE S TPAC BANKING ANZ AU AUS T AND NZ BANK NAB AU NATL AUS T BANK WE S AU WE S FARMERS LTD WP L AU WOODS IDE PETRO NCM AU NEWCRE S T MINING WFD AU WE S TFIELD GROUP FMG AU FORTES CUE METALS QBE AU QBE INS URANCE ORG AU ORIGIN ENE RGY AMP AU AMP LTD S TO AU S ANTOS LTD MQG AU MACQUARIE GROUP S UN AU S UNCORP GROUP LT ORI AU ORICA LTD OS H AU OIL S EARCH LTD CCL AU COCA-COLA AMATIL AMC AU AMCOR LTD S GP AU S TOCKLAND AWC AU ALUMINA LTD CP U AU COMP UTERS HARE LT QAN AU QANTAS AIRWAYS S GM AU S IMS METAL MGMT Close Target Price % upside 31.11 79.65 71.54 28.30 26.63 28.59 43.39 32.25 21.38 9.08 4.51 10.00 9.62 4.02 6.24 108.10 13.81 19.80 7.96 9.30 13.73 4.01 2.67 17.19 5.69 16.27 30.99 81.36 80.19 33.36 30.15 32.59 41.95 33.54 22.69 9.66 5.03 11.03 9.77 5.01 5.79 105.58 13.97 17.93 7.99 8.53 15.52 4.51 2.73 16.51 6.58 16.66 0% 2% 11% 15% 12% 12% -3% 4% 6% 6% 10% 9% 2% 20% -8% -2% 1% -10% 0% -9% 12% 11% 2% -4% 14% 2% EPS ($) PER(x) Div Yield(%) 52week Price 2017 2018 2017 2018 2017 2018 High Low % Chg YTD 1.65 4.85 5.60 2.45 2.33 2.26 2.41 1.57 0.38 0.35 0.38 0.55 0.60 0.35 0.25 7.18 0.79 0.93 0.25 0.53 0.65 0.33 0.20 0.64 0.61 0.99 1.46 4.31 5.86 2.48 2.42 2.47 2.47 1.60 0.88 0.38 0.35 0.66 0.76 0.36 0.27 7.58 0.97 1.13 0.30 0.55 0.71 0.35 0.14 0.72 0.64 1.09 14.2 12.4 12.8 11.6 11.4 12.7 18.0 15.5 42.1 19.7 9.0 13.8 16.0 11.6 18.9 15.1 17.5 21.2 24.5 17.4 16.1 12.1 10.3 20.4 9.3 16.5 16.1 13.9 12.2 11.4 11.0 11.6 17.6 15.2 18.3 18.3 9.6 11.5 12.6 11.1 17.2 14.3 14.2 17.6 20.0 16.8 14.5 11.5 14.3 18.0 9.0 14.9 3.738 3.890 6.064 6.753 6.042 6.925 4.999 3.944 0.767 2.907 4.545 3.610 0.364 7.264 0.401 4.680 5.250 2.500 1.445 4.806 3.452 6.658 6.142 1.879 2.478 3.227 3.128 3.289 6.250 6.912 6.196 6.859 5.084 3.922 1.254 3.040 4.812 4.260 2.100 7.438 1.170 4.987 5.503 2.970 1.759 4.903 3.838 6.908 5.206 2.024 2.548 3.454 32.16 82.73 87.74 35.30 32.95 34.09 45.02 34.59 24.27 9.77 6.07 13.62 9.78 5.49 6.28 108.46 15.24 21.39 8.13 9.79 16.78 4.98 2.96 18.36 6.53 18.05 22.06 56.72 71.09 27.60 26.11 28.01 39.52 27.85 19.26 7.28 4.18 9.41 6.71 4.01 2.87 82.28 12.43 16.91 6.15 7.52 13.67 3.90 1.67 13.46 4.05 11.37 5.21 5.07 -10.95 -9.73 -7.34 -3.31 -2.32 -1.42 -6.31 -4.32 -7.58 -6.37 2.12 -22.54 14.50 8.50 -0.36 9.39 2.18 9.28 -10.96 -10.49 9.88 5.46 12.90 3.17 Note: The above data is based on Bloomberg consensus Page 4 of 5
  41. 30-Apr-18 LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2017 TO CURRENT Stock AMCOR LTD AMCOR LTD AUSTRALIA & NZ BANK BHP BILLITON BHP BILLITON BHP BILLITON COCA-COLA AMMATIL FORTESCUE NATIONAL AUSTRALIA BANK NEWCREST MINING OIL SEARCH OIL SEARCH OIL SEARCH ORIGIN ENERGY ORIGIN ENERGY QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QANTAS AIRWAYS QBE INSURANCE QBE INSURANCE RIO TINTO RIO TINTO RIO TINTO SIMS METAL STOCKLAND STOCKLAND STOCKLAND STOCKLAND SUNCORP GROUP WESFARMERS WESTFIELD CORP WESTFIELD CORP WESTFIELD CORP WESTPAC BANKING WESTPAC BANKING WESTPAC BANKING WESTPAC BANKING WOODSIDE WOODSIDE WOODSIDE REC BUY Date Price 7-Nov 12-Sep 12-May 3-Nov 6-Sep 26-May 9-Nov 7-Mar 7-Dec 31-May 15-Sep 28-Apr 19-Apr 31-Jan 17-Apr 16-Mar 21-Nov 16-Feb 4-Jan 24-Jan 22-Aug 8-Sep 4-Apr 28-Feb 11-Oct 16-Jan 29-Nov 16-May 18-Jan 25-Aug 1-Aug 3-Oct 28-Aug 23-Feb 14-Nov 6-Jul 22-Mar 5-Apr 16-Nov 8-Feb 12-Apr Total funds invested * Total unrealised profit Return 27-Apr-18 Price 14.89 15.56 29.30 27.35 27.62 24.50 8.15 4.81 29.46 21.17 6.78 7.30 7.77 9.43 9.23 5.99 5.77 3.47 3.38 10.43 10.76 68.75 60.01 62.49 13.61 4.28 4.68 4.72 4.38 12.89 40.73 7.85 7.41 9.01 32.45 31.12 34.32 28.77 30.89 31.60 30.44 13.73 13.73 26.63 31.11 31.11 31.11 9.30 4.51 28.59 21.38 7.96 7.96 7.96 9.62 9.62 5.69 5.69 5.69 5.69 10.00 10.00 79.65 79.65 79.65 16.27 4.01 4.01 4.01 4.01 13.81 43.39 9.08 9.08 9.08 28.30 28.30 28.30 28.30 32.25 32.25 32.25 Change (+/-) (1.16) (1.83) (2.67) 3.76 3.49 6.61 1.15 (0.30) (0.87) 0.21 1.18 0.66 0.19 0.19 0.39 (0.30) (0.08) 2.22 2.31 (0.43) (0.76) 10.90 19.64 17.16 2.66 (0.27) (0.67) (0.71) (0.37) 0.92 2.66 1.23 1.67 0.07 (4.15) (2.82) (6.02) (0.47) 1.36 0.65 1.81 pct ST (7.79) (11.76) (9.11) 13.75 12.64 26.98 14.11 (6.24) (2.95) 0.99 17.40 9.04 2.45 2.01 4.23 (5.01) (1.39) 63.98 68.34 (4.12) (7.06) 15.85 32.73 27.46 19.54 (6.31) (14.32) (15.04) (8.45) 7.14 6.53 15.67 22.54 0.78 (12.79) (9.06) (17.54) (1.63) 4.40 2.06 5.95 803,520 59,210 7.37% 15.64 15.64 31.37 34.41 34.41 34.41 9.58 5.04 30.68 23.05 8.36 8.36 8.36 9.78 9.78 6.53 6.53 6.53 6.53 10.58 10.58 83.16 83.16 83.16 16.32 4.24 4.24 4.24 4.24 15.24 46.06 9.21 9.21 9.21 31.48 31.48 31.48 31.48 33.46 33.46 33.46 Upside Targets MT LT 16.07 16.78 16.07 16.78 33.61 37.00 36.43 38.07 36.43 38.07 36.43 38.07 10.07 10.86 5.45 5.90 31.20 32.00 24.69 27.20 9.02 9.42 9.02 9.42 9.02 9.42 10.90 11.60 10.90 11.60 7.44 8.00 7.44 8.00 7.44 8.00 7.44 8.00 11.42 12.11 11.42 12.11 88.08 92.06 88.08 92.06 88.08 92.06 18.05 19.77 4.40 4.78 4.40 4.78 4.40 4.78 4.40 4.78 16.46 17.21 48.26 49.62 9.95 11.14 9.95 11.14 9.95 11.14 33.54 35.39 33.54 35.39 33.54 35.39 33.54 35.39 39.59 41.49 39.59 41.49 39.59 41.49 ST 13.91 13.91 17.80 10.61 10.61 10.61 3.01 11.75 7.31 7.81 5.03 5.03 5.03 1.66 1.66 14.76 14.76 14.76 14.76 5.80 5.80 4.41 4.41 4.41 0.31 5.74 5.74 5.74 5.74 10.35 6.15 1.43 1.43 1.43 11.24 11.24 11.24 11.24 3.75 3.75 3.75 % Upside MT 17.04 17.04 26.21 17.10 17.10 17.10 8.28 20.84 9.13 15.48 13.32 13.32 13.32 13.31 13.31 30.76 30.76 30.76 30.76 14.20 14.20 10.58 10.58 10.58 10.94 9.73 9.73 9.73 9.73 19.19 11.22 9.58 9.58 9.58 18.52 18.52 18.52 18.52 22.76 22.76 22.76 LT 22.21 22.21 38.94 22.37 22.37 22.37 16.77 30.82 11.93 27.22 18.34 18.34 18.34 20.58 20.58 40.60 40.60 40.60 40.60 21.10 21.10 15.58 15.58 15.58 21.51 19.20 19.20 19.20 19.20 24.62 14.36 22.69 22.69 22.69 25.05 25.05 25.05 25.05 28.65 28.65 28.65 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 2017 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, April 30, 2018, 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
  42. Technical View Monday , April 30, 2018 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 PING AN HKD76.70 BOLLINGER BANDS Upper Middle Lower HKD HKD HKD SIMPLE MOVING AVERAGES 85.30 81.65 78.01 10-day 30-day 50-day HKD HKD HKD SELL Recent Signal DMI BOLLINGER BANDS HKD HKD HKD SELL HKD80.70 CLP HOLDINGS SIMPLE MOVING AVERAGES 81.70 80.45 79.19 10-day 30-day 50-day DMI Recent Signal 80.83 80.13 79.15 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my HKD HKD HKD 80.83 80.13 79.15 DAILY MACD BUY Recent Signal SELL Page 1 of 5
  43. 30-Apr-18 COSCO SHIPPING HKD6 .76 BOLLINGER BANDS Upper Middle Lower HKD HKD HKD SIMPLE MOVING AVERAGES 6.94 6.62 6.30 10-day 30-day 50-day HKD HKD HKD DMI DAILY MACD Recent Signal SELL Recent Signal SANDS CHINA HKD HKD HKD SIMPLE MOVING AVERAGES 45.15 43.16 41.16 10-day 30-day 50-day DMI Recent Signal BUY HKD44.15 BOLLINGER BANDS Upper Middle Lower 6.49 6.81 7.03 HKD HKD HKD 43.83 43.49 43.63 DAILY MACD SELL Recent Signal BUY Page 2 of 5
  44. 30-Apr-18 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 27-Apr HANG S E NG 30,230.10 HS B C CH MOB ILE CCONB ICB C CNOOC CH LIF E B OC S HK P R OP P E TR O CH TE NCE NT HKS E CK HUTCHIS ON P ING AN S INOP E C COR P CH S HE NHUA CLP LI & F UNG B OC HK HS BANK HK&CH GAS S WIR E HL P R OP WHAR F CH OV LAND P OWE R AS S E TS HE NDE R S ON B OCOMM CH COAL CH UNICOM B K E AS IA E S P R IT MTR S INO LAND CH R E S NE W WOR LD CH R E S LAND CH ME R CHANT CH R E S P OWE R ALCOR P CATHAY CITIC COS CO F IH MOB ILE LTD GE NHK AIA S ANDS CHINA GALAXY 77.45 74.40 8.08 6.75 13.18 21.90 4.19 122.50 5.71 387.20 252.20 92.55 76.70 7.67 20.00 80.70 3.89 39.15 194.80 16.20 75.35 18.54 25.45 25.80 58.20 49.15 6.36 3.27 10.90 33.90 2.75 43.80 13.00 33.25 11.14 28.75 17.26 14.88 4.48 12.70 11.82 6.76 1.29 1.42 68.80 44.15 67.35 Change High Lower 222.42 0.40 2.30 0.05 0.00 0.34 0.30 0.02 0.90 0.09 5.00 (1.80) 0.15 (1.85) 0.31 0.36 (0.05) 0.06 (0.05) 0.90 0.00 (0.05) 0.14 0.05 0.10 0.05 0.00 0.00 0.02 0.26 0.30 0.07 0.15 0.06 0.15 0.06 0.05 0.20 0.26 0.19 0.20 0.28 0.25 0.01 0.00 0.95 0.90 0.35 RSI Bollinger Bands Low Mid Upper 14d Moving Averages 10d 30d DMI 50d DI + DI - DMI MACD ADX 30,336.00 30,019.12 29,617.08 30,348.10 31,079.12 43.46 30,382.42 30,648.29 30,670.07 17.71 28.32 14.43 77.50 74.50 8.15 6.81 13.26 22.15 4.20 123.20 5.80 390.80 254.60 92.70 79.15 7.70 20.25 81.15 3.91 39.40 195.50 16.22 75.75 18.62 25.65 26.00 58.45 49.20 6.40 3.28 10.92 34.20 2.76 44.00 13.08 33.40 11.20 29.25 17.34 15.10 4.55 12.72 11.82 6.79 1.30 1.42 69.05 44.45 68.10 77.00 73.00 8.00 6.71 13.02 21.60 4.16 121.70 5.66 383.00 251.00 92.00 75.00 7.56 19.66 80.65 3.83 39.00 192.10 16.16 74.90 18.38 25.05 25.35 58.00 48.80 6.33 3.23 10.64 33.45 2.66 43.50 12.90 32.30 11.04 28.60 17.10 14.64 4.40 12.54 11.52 6.59 1.28 1.42 67.90 43.35 66.70 72.45 70.87 7.84 6.57 10.75 21.33 4.10 119.82 5.20 382.64 248.93 90.58 78.01 6.81 18.70 79.19 3.76 36.28 179.05 16.04 75.54 18.03 24.90 25.38 56.36 49.22 6.10 3.02 9.61 30.63 2.26 42.10 12.64 32.53 10.95 27.77 16.93 13.95 4.08 12.15 10.78 6.30 1.27 1.40 65.35 41.16 67.34 75.37 72.77 8.06 6.75 12.14 21.75 4.19 125.05 5.58 405.03 258.05 92.74 81.65 7.30 19.58 80.45 3.90 38.13 188.45 16.18 78.53 18.36 26.28 26.92 60.18 50.83 6.25 3.16 10.23 32.52 2.56 43.06 13.08 34.95 11.27 28.84 17.38 14.28 4.62 13.03 11.29 6.62 1.55 1.44 68.22 43.16 70.48 78.28 74.66 8.28 6.93 13.53 22.18 4.29 130.27 5.97 427.42 267.17 94.89 85.30 7.79 20.46 81.70 4.04 39.97 197.84 16.32 81.52 18.69 27.65 28.46 64.00 52.44 6.39 3.30 10.85 34.40 2.86 44.03 13.52 37.36 11.59 29.91 17.84 14.61 5.16 13.91 11.79 6.94 1.84 1.48 71.09 45.15 73.62 55.71 45.56 46.97 48.71 63.39 39.54 45.92 36.16 50.76 32.54 40.40 42.93 37.65 56.29 45.98 53.74 43.24 57.02 62.04 57.48 33.16 48.09 31.20 39.37 29.63 30.41 56.23 49.73 61.03 58.14 50.80 57.53 43.25 42.99 38.86 49.03 38.27 62.79 39.06 36.65 56.76 38.81 16.21 41.38 49.98 48.15 40.84 76.57 72.95 8.07 6.76 12.73 21.74 4.17 123.83 5.73 397.38 258.86 92.49 81.69 7.47 19.56 80.83 3.85 38.77 192.42 16.19 77.33 18.31 25.71 26.31 58.80 50.28 6.26 3.18 10.46 33.28 2.50 43.40 13.13 34.50 11.29 28.78 17.25 14.35 4.74 12.62 11.45 6.49 1.44 1.44 68.51 43.83 69.37 75.71 72.47 8.17 6.80 11.91 22.12 4.24 126.42 5.52 421.26 263.79 94.14 83.71 7.06 20.12 80.13 3.98 38.65 188.06 16.17 79.30 18.48 26.77 27.28 61.38 51.31 6.26 3.25 10.02 32.78 2.69 43.14 13.27 34.66 11.42 28.84 17.66 14.25 4.56 13.35 11.28 6.81 1.67 1.45 67.97 43.49 70.42 76.95 72.75 8.17 6.80 11.66 22.55 4.26 126.89 5.48 428.47 270.40 95.63 83.81 6.75 20.87 79.15 3.97 38.78 188.39 15.80 78.34 18.57 27.72 27.47 61.17 50.99 6.27 3.38 10.00 33.08 2.85 42.43 13.38 33.06 11.54 28.75 17.91 13.94 4.63 13.25 11.27 7.03 1.87 1.49 66.25 43.63 68.97 23.61 21.03 18.96 19.60 34.99 10.52 17.17 17.09 28.15 12.42 18.34 17.18 16.30 27.54 20.00 22.98 18.85 21.10 24.95 20.63 10.36 16.80 11.44 17.94 13.52 11.39 22.25 23.38 29.60 22.13 28.93 20.46 16.95 18.24 13.29 21.88 12.16 25.57 23.99 16.39 18.57 11.50 4.14 18.61 24.85 21.07 16.57 21.30 19.37 18.35 17.32 14.90 19.88 16.75 29.04 24.13 38.16 27.13 24.89 29.71 19.69 18.30 19.85 27.66 16.04 16.13 9.40 24.24 14.75 31.68 24.04 31.02 28.15 18.44 17.89 15.34 18.97 21.92 16.53 20.93 22.50 23.36 15.48 26.31 13.55 33.35 20.80 13.20 29.29 45.57 22.55 19.53 20.72 23.55 20.19 14.03 8.75 8.62 25.03 27.71 6.94 16.92 20.98 31.51 14.72 19.88 13.38 30.71 20.75 21.82 17.53 15.67 18.58 36.69 18.20 11.58 32.93 12.19 30.33 20.26 8.72 23.58 18.98 17.23 38.06 13.25 15.46 23.74 17.05 14.31 24.03 11.44 21.56 23.59 14.97 NA 66.33 14.28 17.30 11.41 10.04 Diff Line Signal (10.61) -134.56 -131.16 2.31 1.65 0.61 2.28 20.09 (9.36) 0.42 (11.95) 4.02 (25.74) (8.78) (7.71) (13.41) 7.84 1.70 3.12 (8.81) 5.06 8.83 11.23 (13.87) 2.05 (20.24) (6.10) (17.49) (16.76) 3.81 5.49 14.26 3.16 7.01 3.93 (3.97) (4.26) (10.06) 6.40 (14.15) 12.02 (9.35) (4.41) 5.37 (17.79) (41.42) (3.94) 5.32 0.34 (6.98) 0.17 -0.03 -0.03 -0.01 0.39 -0.27 -0.03 -1.58 0.08 -11.99 -3.38 -0.91 -0.97 0.22 -0.30 0.48 -0.04 0.12 1.87 0.09 -0.80 -0.10 -0.72 -0.51 -1.05 -0.51 0.01 -0.04 0.19 0.23 -0.08 0.24 -0.10 0.06 -0.10 0.02 -0.26 0.12 -0.01 -0.24 0.07 -0.18 -0.16 -0.02 0.51 0.00 -0.20 -0.24 -0.05 -0.04 -0.02 0.31 -0.34 -0.03 -1.14 0.07 -10.55 -3.96 -1.19 -0.86 0.24 -0.45 0.48 -0.04 -0.11 1.27 0.11 -0.35 -0.13 -0.71 -0.40 -0.87 -0.30 -0.01 -0.08 0.13 0.02 -0.13 0.19 -0.10 0.52 -0.10 0.05 -0.27 0.09 0.03 -0.19 0.03 -0.20 -0.14 -0.02 0.69 0.00 0.26 Diff (3.39) SELL 0.41 0.02 0.01 0.01 0.07 0.07 0.00 (0.44) 0.02 (1.44) 0.58 0.27 (0.11) (0.02) 0.15 (0.01) (0.00) 0.23 0.60 (0.02) (0.44) 0.03 (0.01) (0.11) (0.18) (0.21) 0.02 0.04 0.06 0.21 0.05 0.06 0.00 (0.46) (0.00) (0.03) 0.01 0.03 (0.03) (0.05) 0.03 0.02 (0.01) 0.00 (0.18) (0.00) (0.45) MACD Recent S ignal BUY BUY BUY BUY BUY SELL BUY SELL BUY SELL SELL SELL SELL BUY BUY BUY SELL BUY BUY BUY SELL BUY SELL SELL SELL SELL BUY BUY BUY BUY BUY BUY SELL SELL SELL BUY SELL BUY SELL SELL BUY SELL SELL SELL BUY BUY SELL SELL BUY BUY BUY BUY BUY BUY BUY SELL BUY SELL BUY BUY SELL SELL BUY SELL SELL BUY BUY SELL SELL BUY SELL SELL SELL SELL BUY BUY BUY BUY BUY BUY BUY SELL SELL SELL BUY BUY SELL SELL BUY BUY SELL BUY SELL SELL SELL INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 3 of 5
  45. 30-Apr-18 Fundamentals of Foreign Technical Picks Bloomberg Ticker Stock Name 5 941 939 1398 883 2628 3988 16 857 700 388 1 2318 386 1088 2 494 2388 11 3 19 101 4 688 6 12 3328 1898 762 23 330 66 83 291 17 1109 144 836 2600 293 267 1199 2038 678 1299 1928 27 HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HK HS BC CH MOBILE CCONB ICBC CNOOC CH LIFE BOC S HK P ROP P E TRO CH TE NCE NT HKS E CK HUTCHIS ON P ING AN S INOP E C CORP CH S HE NHUA CLP LI & FUNG BOC HK HS BANK HK&CH GAS S WIRE HL P ROP WHARF CH OV LAND P OWE R AS S E TS HE NDE RS ON BOCOMM CH COAL CH UNICOM BK E AS IA E S P RIT MTR S INO LAND CH RE S NE W WORLD CH RE S LAND CH ME RCHANT CH RE S P OWE R ALCORP CATHAY CITIC COS CO FIH MOBILE LTD GE NHK AIA S ANDS CHINA LTD GALAXY Close Target Price % upside 77.45 74.40 8.08 6.75 13.18 21.90 4.19 122.50 5.71 387.20 252.20 92.55 76.70 7.67 20.00 80.70 3.89 39.15 194.80 16.20 75.35 18.54 25.45 25.80 58.20 49.15 6.36 3.27 10.90 33.90 2.75 43.80 13.00 33.25 11.14 28.75 17.26 14.88 4.48 12.70 11.82 6.76 1.29 1.42 68.80 44.15 67.35 83.79 91.17 10.48 8.63 14.86 30.45 5.36 152.97 6.76 520.91 318.71 118.98 104.17 8.43 25.95 83.32 4.42 45.16 192.15 14.09 91.10 22.05 30.51 33.73 68.96 56.22 7.18 4.23 13.46 28.65 3.43 44.22 15.24 35.18 13.93 34.96 23.18 16.73 5.68 14.54 N/A 8.93 2.27 N/A 77.75 50.89 79.74 8% 18% 23% 22% 11% 28% 22% 20% 16% 26% 21% 22% 26% 9% 23% 3% 12% 13% -1% -15% 17% 16% 17% 24% 16% 13% 11% 23% 19% -18% 20% 1% 15% 5% 20% 18% 26% 11% 21% 13% N/A 24% 43% N/A 12% 13% 16% EPS ($) PER(x) Div Yield(%) 52week Price 2017 2018 2017 2018 2017 2018 High Low % Chg YTD 0.7 5.7 1.1 0.9 1.1 1.4 0.6 10.4 0.3 9.0 7.8 10.1 5.4 0.6 2.3 5.5 0.0 3.1 11.4 0.6 4.6 1.1 2.3 3.7 3.7 3.0 1.0 0.3 0.3 2.0 -0.5 1.8 0.9 0.7 0.8 3.5 1.7 1.4 0.2 0.3 1.7 0.1 0.0 NA 0.5 0.3 3.0 0.8 5.8 1.2 0.9 1.1 1.7 0.7 11.2 0.3 11.9 9.0 10.7 6.4 0.6 2.3 4.9 0.0 3.4 12.6 0.6 5.5 1.0 2.5 4.4 3.6 3.8 1.0 0.3 0.5 2.2 0.1 1.9 0.8 0.8 0.9 4.1 1.7 1.7 0.2 1.0 1.8 0.1 0.0 NA 0.5 0.3 3.3 13.8 10.6 6.2 6.3 9.9 12.5 5.5 11.8 15.5 34.8 32.2 9.1 11.4 11.1 7.0 14.6 17.7 12.7 17.1 27.7 16.4 17.4 11.0 7.0 15.8 16.3 5.4 8.4 30.4 16.8 N/A 24.6 14.9 39.3 14.5 8.2 9.9 10.3 21.7 N/A 7.2 10.4 N/A N/A 18.7 22.1 22.7 13.0 10.3 5.7 5.8 10.0 10.6 5.1 10.9 14.6 26.4 28.1 8.6 9.7 10.9 7.2 16.3 14.2 11.5 15.5 26.3 13.7 18.1 10.3 5.9 16.0 12.9 5.0 8.6 19.0 15.2 41.0 22.9 16.6 32.4 12.4 6.9 9.9 8.8 14.7 13.0 6.5 9.6 41.1 N/A 16.5 19.3 20.5 0.7 3.8 3.9 3.9 4.1 2.2 4.4 3.6 2.9 0.2 2.9 3.3 2.1 5.4 4.5 3.7 0.7 3.8 3.8 2.3 3.3 4.1 3.1 3.6 4.8 3.6 4.5 2.8 1.1 2.7 0.0 2.6 7.0 0.7 4.2 4.2 5.9 5.9 0.0 0.7 3.2 0.5 0.0 NA 0.2 0.6 1.3 0.7 3.9 4.3 4.2 4.1 2.6 4.8 3.9 3.1 0.3 3.3 3.5 2.5 5.5 4.4 3.7 0.8 4.2 4.2 2.4 4.0 4.1 3.3 4.3 4.9 3.7 4.8 2.6 1.8 3.0 0.2 2.7 4.2 0.9 4.4 4.9 4.6 5.9 0.2 2.6 3.2 0.5 0.0 NA 0.3 0.6 1.4 86.00 86.29 9.39 7.64 13.26 28.20 4.96 139.60 6.66 476.60 306.00 108.90 98.85 7.76 25.75 85.50 4.47 42.15 197.50 16.58 82.55 21.80 34.00 32.20 67.61 56.00 7.13 4.31 13.24 36.00 6.07 47.75 14.60 38.00 13.00 34.45 26.02 16.36 7.55 14.82 12.80 9.95 2.72 2.47 72.10 49.35 73.85 64.00 69.65 5.91 4.83 8.45 21.10 3.57 112.50 4.68 239.40 188.50 90.25 42.65 5.40 14.97 75.05 2.75 31.32 156.50 13.98 71.85 17.28 23.96 21.50 55.98 42.95 5.47 3.03 9.20 30.55 2.30 40.55 12.06 18.18 9.37 19.86 16.96 12.82 3.43 10.20 10.70 6.34 1.26 1.40 52.95 33.25 38.83 -3.13 -6.12 12.22 7.31 17.47 -10.79 9.11 -6.06 4.77 -4.63 5.17 -5.66 -5.72 33.86 -1.23 0.94 -9.32 -1.14 0.41 5.74 4.15 -2.93 -5.74 2.58 -3.47 -4.56 9.66 -7.37 3.22 0.15 -34.21 -4.37 -3.11 18.54 -5.11 25.00 -15.60 2.20 -19.86 4.79 4.79 -16.85 -45.80 -17.92 3.23 9.42 8.04 Note: The above data is based on Bloomberg consensus Page 4 of 5
  46. 30-Apr-18 LIST OF RECOMMENDED BUY STOCKS FROM FEBRUARY 2017 TO CURRENT Stock AIA GROUP AIA GROUP AIA GROUP AIA GROUP AIA GROUP AIA GROUP BANK OF CHINA BANK OF CHINA BANK OF CHINA CATHAY PACIFIC CHINA COAL ENERGY CHINA LIFE CHINA LIFE CHINA LIFE CHINA LIFE CHINA PETROLEUM CHINA PETROLEUM CHINA RESOURCES BEER CHINA UNICOM CNOOC CNOOC COSCO COSCO COSCO COSCO GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT GALAXY ENTERTAINMENT ICBC PETROCHINA PETROCHINA PING AN PING AN PING AN POWER ASSETS SANDS CHINA LTD SANDS CHINA LTD SANDS CHINA LTD SANDS CHINA LTD REC BUY Date Price 9-Mar 12-Oct 13-Sep 24-Mar 17-Jan 13-Apr 6-Apr 6-Jan 4-Apr 19-Apr 7-Sep 27-Oct 5-Oct 30-Aug 13-Jan 21-Feb 1-Nov 20-Jan 14-Feb 17-May 10-Mar 8-Feb 20-Dec 7-Feb 25-Apr 1-Mar 3-Jan 8-Nov 20-Sep 15-Feb 5-Dec 23-Mar 26-Jul 7-Jul 20-Apr 14-Mar 28-Mar 13-Mar 12-Dec 9-May 22-Feb Total funds invested * Total unrealised profit Return 27-Apr-18 Price 64.70 59.75 59.65 50.20 46.45 70.30 3.77 3.50 4.26 12.52 3.86 24.95 23.90 24.90 21.35 6.42 5.73 14.52 9.94 9.23 8.89 7.74 8.02 7.95 6.52 68.50 60.20 55.80 52.40 37.85 6.02 5.53 4.90 54.40 41.90 41.75 67.00 46.80 39.65 34.40 31.75 68.80 68.80 68.80 68.80 68.80 68.80 4.19 4.19 4.19 12.70 3.27 21.90 21.90 21.90 21.90 7.67 7.67 33.25 10.90 13.18 13.18 6.76 6.76 6.76 6.76 67.35 67.35 67.35 67.35 67.35 6.75 5.71 5.71 76.70 76.70 76.70 58.20 44.15 44.15 44.15 44.15 Change (+/-) 4.10 9.05 9.15 18.60 22.35 (1.50) 0.42 0.69 (0.07) 0.18 (0.59) (3.05) (2.00) (3.00) 0.55 1.25 1.94 18.73 0.96 3.95 4.29 (0.98) (1.26) (1.19) 0.24 (1.15) 7.15 11.55 14.95 29.50 0.73 0.18 0.81 22.30 34.80 34.95 (8.80) (2.65) 4.50 9.75 12.40 1,207,870 253,780 21.01% pct ST 6.34 75.43 15.15 75.43 15.34 75.43 37.05 75.43 48.12 75.43 (2.13) 75.43 11.14 4.59 19.71 4.59 (1.64) 4.59 1.44 13.52 (15.28) 3.56 (12.22) 23.65 (8.37) 23.65 (12.05) 23.65 2.58 23.65 19.47 7.80 33.86 7.80 128.99 36.05 9.66 11.12 42.80 13.78 48.26 13.78 (12.66) 7.08 (15.71) 7.08 (14.97) 7.08 3.68 7.08 (1.68) 70.29 11.88 70.29 20.70 70.29 28.53 70.29 77.94 70.29 12.13 7.38 3.25 6.04 16.53 6.04 40.99 87.60 83.05 87.60 83.71 87.60 (13.13) 63.32 (5.66) 48.48 11.35 48.48 28.34 48.48 39.06 48.48 Upside Targets MT LT 82.42 85.55 82.42 85.55 82.42 85.55 82.42 85.55 82.42 85.55 82.42 85.55 5.00 5.68 5.00 5.68 5.00 5.68 14.52 15.92 3.95 4.34 25.40 27.60 25.40 27.60 25.40 27.60 25.40 27.60 8.71 9.29 8.71 9.29 40.25 42.86 11.93 13.24 14.04 16.00 14.04 16.00 8.18 8.86 8.18 8.86 8.18 8.86 8.18 8.86 77.68 82.25 77.68 82.25 77.68 82.25 77.68 82.25 77.68 82.25 7.66 7.94 6.66 7.27 6.66 7.27 98.85 110.09 98.85 110.09 98.85 110.09 67.60 71.89 50.47 52.51 50.47 52.51 50.47 52.51 50.47 52.51 ST 9.64 9.64 9.64 9.64 9.64 9.64 9.55 9.55 9.55 6.46 8.87 7.99 7.99 7.99 7.99 1.69 1.69 8.42 2.02 4.55 4.55 4.73 4.73 4.73 4.73 4.37 4.37 4.37 4.37 4.37 9.33 5.78 5.78 14.21 14.21 14.21 8.80 9.81 9.81 9.81 9.81 % Upside MT 19.80 19.80 19.80 19.80 19.80 19.80 19.33 19.33 19.33 14.33 20.80 15.98 15.98 15.98 15.98 13.56 13.56 21.05 9.45 6.53 6.53 21.01 21.01 21.01 21.01 15.34 15.34 15.34 15.34 15.34 13.48 16.64 16.64 28.88 28.88 28.88 16.15 14.31 14.31 14.31 14.31 LT 24.35 24.35 24.35 24.35 24.35 24.35 35.56 35.56 35.56 25.35 32.72 26.03 26.03 26.03 26.03 21.12 21.12 28.90 21.47 21.40 21.40 31.07 31.07 31.07 31.07 22.12 22.12 22.12 22.12 22.12 17.63 27.32 27.32 43.53 43.53 43.53 23.52 18.94 18.94 18.94 18.94 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 February 2017 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, April 30, 2018, 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
  47. Technical View Monday , April 30, 2018 THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Weekly Technical Stock Watch Singapore Chartist: Stephen Soo Tel: +603-2167 9607 stsoo@ta.com.my SINGAPORE EXCHANGE LTD SGD7.70 BOLLINGER BANDS Upper Middle Lower SGD SGD SGD SIMPLE MOVING AVERAGES 7.77 7.45 7.13 10-day 30-day 50-day SGD SGD SGD BUY Recent Signal DMI OLAM INTERNATIONAL SGD SGD SGD BUY SGD2.28 BOLLINGER BANDS SIMPLE MOVING AVERAGES 2.40 2.32 2.24 10-day 30-day 50-day DMI Recent Signal 7.58 7.45 7.48 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my SGD SGD SGD 2.32 2.34 2.31 DAILY MACD SELL Recent Signal SELL Page 1 of 5
  48. 30-Apr-18 CAPITAMALL TRUST SGD2 .08 BOLLINGER BANDS Upper Middle Lower SGD SGD SGD SIMPLE MOVING AVERAGES 2.12 2.08 2.05 10-day 30-day 50-day SGD SGD SGD DMI DAILY MACD Recent Signal SELL Recent Signal STARHUB LTD SGD SGD SGD SIMPLE MOVING AVERAGES 2.34 2.30 2.25 10-day 30-day 50-day DMI Recent Signal SELL SGD2.28 BOLLINGER BANDS Upper Middle Lower 2.09 2.08 2.05 SGD SGD SGD 2.29 2.32 2.40 DAILY MACD SELL Recent Signal BUY Page 2 of 5
  49. 30-Apr-18 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 27-Apr FS S TI 3,575.63 S INGTE L DBS Change High Low 5.61 3,588.30 3,569.27 Lower Bollinger Bands Mid Upper 3,350.46 3,492.61 RSI 14d 3,634.76 60.38 10d Moving Averages 30d 50d 3,552.88 3,485.07 DMI ADX Diff Line MACD Signal Diff 3,489.77 24.15 17.22 20.49 6.93 30.82 19.48 11.34 BUY BUY DI + DI - DMI MACD Recent Signal 3.49 0.05 3.49 3.46 3.34 3.39 3.45 55.75 3.40 3.40 3.39 23.29 17.94 13.75 5.34 0.01 0.00 0.01 BUY BUY 30.00 0.26 30.00 29.75 26.35 28.45 30.56 64.09 29.37 28.26 28.44 28.04 16.10 23.08 11.94 0.54 0.36 0.18 BUY BUY 0.12 0.09 BUY BUY BUY OCBC 13.65 UOB 29.44 0.05 29.65 29.32 25.97 28.13 30.28 64.68 29.05 28.00 27.88 31.76 15.71 23.38 16.05 0.54 0.37 0.18 BUY J ARDINE M. 60.46 (1.17) 61.69 59.83 60.96 61.63 62.30 48.44 61.48 61.73 62.19 18.36 26.20 12.00 (7.84) -0.18 -0.24 0.05 SELL BUY 3.26 0.03 3.28 3.24 3.10 3.18 3.26 59.11 3.20 3.18 3.17 18.81 14.29 11.91 4.52 0.01 0.01 0.01 BUY BUY HK LAND 7.15 0.01 7.18 7.09 6.84 7.03 7.23 58.64 7.09 6.98 6.97 24.59 13.23 18.95 11.37 0.05 0.04 0.01 BUY BUY CAP LAND 3.75 0.00 3.76 3.72 3.53 3.66 3.80 59.67 3.72 3.65 3.63 21.23 14.94 15.07 0.03 0.02 0.01 BUY BUY GE NS P 1.19 0.01 1.20 1.18 1.05 1.15 1.24 55.66 1.18 1.13 1.15 18.28 23.97 20.14 (5.69) 0.01 0.01 0.01 SELL BUY KE P PE L 8.23 0.14 8.27 8.13 7.47 7.89 8.30 57.14 8.04 7.84 7.87 24.55 21.64 15.38 2.90 0.09 0.05 0.04 BUY BUY 4.29 WILMAR (0.11) 13.85 13.63 12.22 13.13 14.05 65.26 13.53 13.13 13.14 24.57 19.08 22.52 5.49 6.28 0.21 S GX 7.70 0.07 7.72 7.66 7.13 7.45 7.77 57.23 7.58 7.45 7.48 23.29 19.00 22.91 0.06 0.02 0.04 BUY BUY S IA 10.90 0.09 10.90 10.82 10.64 10.85 11.07 47.00 10.80 10.88 10.98 16.23 22.11 22.89 (5.88) -0.05 -0.04 (0.00) SELL SELL FNN 2.09 0.01 2.11 2.08 2.07 2.11 2.16 32.59 2.09 2.15 2.23 25.68 20.49 26.89 -0.04 -0.05 0.00 BUY BUY BUY NOBLE 0.09 0.00 0.10 0.09 0.05 0.09 0.13 40.57 0.11 0.10 0.12 5.19 24.47 30.61 24.85 (6.15) -0.01 -0.01 0.00 SELL CITY DE V 12.51 0.00 12.63 12.48 12.38 12.74 13.10 42.14 12.65 12.88 12.86 14.22 23.81 24.09 (9.59) -0.11 -0.09 (0.02) SELL SELL J ARDINE S . 37.65 (0.35) 38.05 37.39 37.80 38.41 39.02 43.33 38.31 38.56 38.70 11.93 18.57 16.62 (6.64) -0.20 -0.16 (0.03) SELL SELL S G PRE S S 2.76 0.04 2.77 2.72 2.40 2.59 2.79 64.47 2.67 2.55 2.57 29.63 9.49 30.58 20.14 0.05 0.03 0.02 BUY BUY SELL J ARDINE C&C 34.51 0.20 34.55 33.96 33.94 34.93 35.91 41.85 34.95 34.76 35.60 9.34 25.89 35.02 (16.56) -0.25 -0.22 (0.03) SELL GOLDE N AGRI 0.35 (0.01) 0.36 0.35 0.34 0.35 0.36 57.88 0.35 0.35 0.35 13.25 8.49 12.99 0.00 0.00 0.00 BUY BUY S G TE CH 3.47 (0.01) 3.51 3.46 3.46 3.60 3.73 41.98 3.59 3.57 3.50 16.58 29.92 23.40 (13.34) 0.01 0.03 (0.03) SELL SELL OLAM INT 2.28 (0.01) 2.29 2.26 2.24 2.32 2.40 45.06 2.32 2.34 2.31 18.90 22.99 13.71 (4.09) -0.01 0.00 (0.01) SELL SELL CAP TRUS T 2.08 0.03 2.08 2.05 2.05 2.08 2.12 42.65 2.09 2.08 2.05 11.50 23.05 12.09 (11.55) 0.01 0.01 (0.00) SELL SELL S E MBCORP 3.07 0.03 3.09 3.05 3.00 3.12 3.23 41.34 3.15 3.10 3.13 21.41 26.07 13.82 (4.67) 0.01 0.01 0.00 SELL BUY S E MCORP M. 2.12 0.01 2.15 2.10 2.10 2.22 2.35 41.37 2.25 2.19 2.20 19.82 35.98 12.49 (16.16) 0.01 0.02 (0.01) SELL SELL CMFT DE LGRO 2.25 0.04 2.25 2.20 2.00 2.13 2.27 63.56 2.20 2.09 2.06 26.75 7.52 38.10 19.23 0.05 0.04 0.01 BUY BUY S TARHUB 2.28 0.01 2.29 2.26 2.25 2.30 2.34 38.64 2.29 2.32 2.40 16.50 23.48 29.80 (6.98) -0.04 -0.04 0.01 SELL BUY S IA E NG 3.25 0.02 3.27 3.23 3.16 3.21 3.25 52.90 3.22 3.21 3.24 20.11 12.05 19.68 0.00 0.00 0.01 BUY BUY IFOOD AGRI 0.33 0.01 0.33 0.32 0.31 0.32 0.33 44.17 0.32 0.32 0.33 10.72 14.39 13.12 (3.67) 0.00 0.00 0.00 SELL BUY YZJ 1.16 (0.02) 1.19 1.15 1.14 1.19 1.24 41.60 1.20 1.22 1.29 13.36 22.22 28.53 (8.85) -0.03 -0.03 0.01 SELL BUY 4.76 8.06 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
  50. 30-Apr-18 Fundamentals of Foreign Technical Picks Bloomberg Ticker Stock Name ST DBS OCBC UOB JM WIL HKL CAP L GE NS KE P S GX S IA FNN NOBL CIT JS S PH J CNC GGR S TE OLAM CT S CI S MM CD S TH S IE IFAR YZJ S GD S INGTE L DBS OCBC UOB J ARDINE M . WILMAR HK LAND CAP LAND GE NS P KE P P E L S GX S IA FNN NOBLE CITY DE V J ARDINE S . S G P RE S S J ARDINE C&C GOLDE N AGRI S G TE CH OLAM INT CAP TRUS T S E MBCOR P S E MCOR P M. CMFT DE LGRO S TARHUB S IA E NG IFOOD AGRI YZJ 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 SP Close Target Price % upside 3.49 4.13 30.00 13.65 EPS ($) PER(x) Div Yield(%) 52week Price % Chg 2017 2018 2017 2018 2017 2018 High Low YTD 15% 0.2 0.2 14.6 14.3 5.8 5.2 3.97 3.30 -2.24 31.27 4% 2.2 2.5 13.4 11.9 4.0 4.2 30.00 19.19 20.72 14.52 6% 1.1 1.2 12.3 11.1 3.1 3.3 13.85 9.71 10.17 29.44 31.01 5% 2.3 2.6 12.6 11.4 3.4 3.6 29.70 21.26 12.07 60.46 66.27 0.09 4.6 5.0 13.1 12.1 2.8 3.0 68.11 59.73 -0.48 3.26 3.62 10% 0.2 0.2 13.0 11.8 2.3 2.5 3.87 2.97 5.50 7.15 7.88 9% 0.4 0.4 16.3 16.1 3.0 3.0 7.89 6.72 1.56 3.75 4.26 12% 0.2 0.2 16.8 16.4 3.1 3.3 3.88 3.42 6.23 1.19 1.45 18% 0.1 0.1 19.5 18.6 2.9 3.0 1.41 1.02 -9.16 8.23 9.21 11% 0.5 0.6 15.0 13.9 3.1 3.2 8.92 6.16 11.97 7.70 8.24 7% 0.3 0.4 22.1 20.8 3.9 4.1 8.50 7.10 3.49 10.90 11.68 7% 0.6 0.6 18.4 19.4 3.1 2.9 11.50 9.66 2.16 2.09 2.83 26% 0.1 0.1 20.9 19.0 2.6 2.6 2.66 2.04 -18.99 0.09 NA NA 0.2 0.2 NA 0.3 0.0 57.5 1.49 0.06 -56.50 12.51 14.63 14% 0.7 0.7 18.1 17.4 1.4 1.4 13.60 10.18 0.16 37.65 42.75 0.12 3.1 3.4 12.2 11.1 0.9 0.9 46.48 37.39 -4.88 2.76 2.52 -10% 0.1 0.1 20.6 20.0 5.1 5.1 3.42 2.41 4.15 34.51 41.57 17% 2.2 2.5 11.6 10.6 2.6 2.8 48.50 33.48 -15.15 0.35 0.33 -4% 0.0 0.0 17.3 17.3 1.7 1.7 0.41 0.34 -6.76 3.47 4.02 14% 0.2 0.2 19.6 18.2 4.5 4.7 3.86 3.16 6.44 2.28 NA NA 0.1 0.2 15.7 14.7 2.5 2.5 2.50 1.88 12.32 2.08 2.21 6% 0.1 0.1 18.1 18.7 5.3 5.4 2.17 1.92 -2.35 3.07 3.56 14% 0.2 0.3 14.7 11.9 2.5 3.0 3.60 2.89 1.32 2.12 2.19 3% 0.0 0.0 81.5 47.1 1.0 1.1 2.81 1.55 15.22 2.25 2.31 3% 0.1 0.1 16.3 16.0 4.6 4.8 2.80 1.89 13.64 2.28 2.32 2% 0.1 0.1 17.7 19.0 6.9 6.8 2.99 2.24 -20.00 3.25 3.74 13% 0.2 0.2 21.7 20.3 4.3 4.4 4.16 3.08 3.83 0.33 0.40 19% 376.0 446.2 9.0 7.6 NA NA 0.52 0.32 -16.67 1.16 1.49 22% 0.6 0.6 9.5 9.6 18.0 17.9 1.74 1.11 -21.09 Note: The above data is based on Bloomberg consensus Page 4 of 5
  51. 30-Apr-18 LIST OF RECOMMENDED BUY STOCKS FROM JANUARY 2017 TO CURRENT Stock CAPITALAND CAPITALAND CAPITALAND CAPITALAND CAPITAMALL TRUST CAPITAMALL TRUST CITY DEVELOPMENTS CITY DEVELOPMENTS CITY DEVELOPMENTS COMFORTDELGRO DBS DBS GENTING SPORE GENTING SPORE GOLDEN AGRI-RESOURCES KEPPEL CORP KEPPEL CORP SEMBCORP INDUSTRIES SEMBCORP MARINE SINGTEL SINGTEL SINGTEL SINGTEL SINGTEL SINGTEL S 'PORE AIRLINES S'PORE AIRLINES S'PORE AIRLINES S'PORE EXCHANGE S'PORE TECHNOLOGIES S'PORE TECHNOLOGIES WILMAR INT'L WILMAR INT'L REC BUY Date Price 27-Feb 7-Feb 16-Nov 19-Jan 13-Oct 5-Jan 8-Dec 4-Oct 7-Mar 5-Apr 4-Jan 26-Apr 1-Mar 6-Apr 1-Mar 27-Mar 20-Jul 24-Feb 8-Aug 15-Mar 9-Feb 10-Nov 24-Aug 21-Apr 12-Jan 8-Mar 21-Sep 25-Jul 29-Mar 15-Dec 14-Sep 1-Jun 10-Apr Total funds invested * Total unrealised profit Return 27-Apr-18 Price 3.63 3.61 3.53 3.12 2.06 1.93 12.32 11.44 9.63 2.62 25.88 19.20 1.15 1.08 0.38 7.78 6.54 3.36 1.64 3.40 3.40 3.76 3.74 3.74 3.79 10.83 10.13 10.24 7.71 3.21 3.57 3.54 3.15 3.75 3.75 3.75 3.75 2.08 2.08 12.51 12.51 12.51 2.25 30.00 30.00 1.19 1.19 0.35 8.23 8.23 3.07 2.12 3.49 3.49 3.49 3.49 3.49 3.49 10.90 10.90 10.90 7.70 3.47 3.47 3.26 3.26 Change (+/-) 0.12 0.14 0.22 0.63 0.02 0.15 0.19 1.07 2.88 (0.37) 4.12 10.80 0.04 0.11 (0.04) 0.45 1.69 (0.29) 0.48 0.09 0.09 (0.27) (0.25) (0.25) (0.30) 0.07 0.77 0.66 (0.01) 0.26 (0.10) (0.28) 0.11 195,110 23,005 11.79% Upside Targets pct ST MT LT 3.31 4.09 4.23 4.34 3.88 4.09 4.23 4.34 6.23 4.09 4.23 4.34 20.19 4.09 4.23 4.34 0.97 2.25 2.35 2.41 7.77 2.25 2.35 2.41 1.54 13.65 14.49 15.18 9.35 13.65 14.49 15.18 29.91 13.65 14.49 15.18 (14.12) 2.31 2.52 2.61 15.92 32.17 33.83 35.17 56.25 32.17 33.83 35.17 3.48 1.23 1.41 1.58 10.19 1.23 1.41 1.58 (9.21) 0.40 0.43 0.46 5.78 8.78 9.48 9.93 25.84 8.78 9.48 9.93 (8.63) 3.52 3.84 4.23 29.27 2.37 2.73 3.08 2.65 3.60 3.73 3.84 2.65 3.60 3.73 3.84 (7.18) 3.60 3.73 3.84 (6.68) 3.60 3.73 3.84 (6.68) 3.60 3.73 3.84 (7.92) 3.60 3.73 3.84 0.65 11.67 12.15 12.46 7.60 11.67 12.15 12.46 6.45 11.67 12.15 12.46 (0.13) 7.70 7.96 8.23 8.10 3.86 4.15 4.28 (2.80) 3.86 4.15 4.28 (7.91) 3.41 3.64 4.00 3.49 3.41 3.64 4.00 ST 9.07 9.07 9.07 9.07 8.17 8.17 9.11 9.11 9.11 2.67 7.23 7.23 3.36 3.36 15.94 6.68 6.68 14.66 11.79 3.15 3.15 3.15 3.15 3.15 3.15 7.06 7.06 7.06 0.00 11.24 11.24 4.60 4.60 % Upside MT 12.80 12.80 12.80 12.80 12.98 12.98 15.83 15.83 15.83 12.00 12.77 12.77 18.49 18.49 24.64 15.19 15.19 25.08 28.77 6.88 6.88 6.88 6.88 6.88 6.88 11.47 11.47 11.47 3.38 19.60 19.60 11.66 11.66 LT 15.73 15.73 15.73 15.73 15.87 15.87 21.34 21.34 21.34 16.00 17.23 17.23 32.77 32.77 33.33 20.66 20.66 37.79 45.28 10.03 10.03 10.03 10.03 10.03 10.03 14.31 14.31 14.31 6.88 23.34 23.34 22.70 22.70 Upside Targets ** ST = Short Term (one month) MT = Medium Term (three months) LT = Long Term (above six months) * The portfolio assumes each position consists of 1,000 shares and no deductions for any charges, fees and commision ** Upside Targets are derived from the subsequent Fibonacci Projection levels The above table is a performance summary of our top BUY recommendations from January 2017 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, April 30, 2018, the chartist, Stephen Soo, who prepared this report, has interest in the following securities covered in this report: (a) nil Kaladher Govindan – Head of Research TA SECURITIES HOLDINGS BERHAD (14948-M) A Participating Organisation of Bursa Malaysia Securities Berhad Menara TA One 22 Jalan P. Ramlee 50250 Kuala Lumpur Malaysia Tel: 603 – 2072 1277 Fax: 603 – 2032 5048 www.ta.com.my Page 5 of 5
  52. Technical View Monday , April 30, 2018 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 3M CO USD197.09 BOLLINGER BANDS Upper Middle Lower USD USD USD SIMPLE MOVING AVERAGES 227.39 213.99 200.59 10-day 30-day 50-day USD USD USD SELL Recent Signal DMI CATERPILLAR INC USD USD USD SELL USD146.31 BOLLINGER BANDS SIMPLE MOVING AVERAGES 156.84 148.56 140.28 10-day 30-day 50-day DMI Recent Signal 212.24 218.08 225.19 DAILY MACD Recent Signal Upper Middle Lower www.taonline.com.my USD USD USD 151.05 149.23 151.7798. DAILY MACD SELL Recent Signal SELL Page 1 of 5
  53. 30-Apr-18 WALT DISNEY USD99 .84 BOLLINGER BANDS Upper Middle Lower USD USD USD SIMPLE MOVING AVERAGES 102.20 100.49 98.79 10-day 30-day 50-day USD USD USD DMI DAILY MACD Recent Signal SELL Recent Signal ALIBABA GROUP USD USD USD SIMPLE MOVING AVERAGES 183.70 175.38 167.06 10-day 30-day 50-day SELL Recent Signal DMI Recent Signal BUY USD173.90 BOLLINGER BANDS Upper Middle Lower 100.57 100.61 102.30 USD USD USD 176.14 180.43 183.37 DAILY MACD BUY Page 2 of 5
  54. 30-Apr-18 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 26-Apr Lower Mid Upper 14d 10d 30d 50d DI + 24,322.34 238.51 24,402.46 24,128.72 23,661.95 24,277.17 24,892.38 48.61 24447.47 24,308.59 24,592.73 14.67 DI 30.00 MACD ADX Diff Line Signal 21.64 (15.33) -54.73 -54.67 DMI MACD Diff Recent Signal (0.058) SELL SELL IBM 3M CHE VRON CATE RPILLAR MCDONALDS UNITE CH BOE ING E XXON MOBIL 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 PFIZE R GE 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 146.72 197.09 124.22 146.31 158.90 122.82 342.79 80.86 128.01 72.75 42.75 87.94 132.95 64.04 240.09 110.10 100.23 59.41 99.84 49.76 185.72 237.03 33.10 94.26 44.21 53.05 36.85 14.38 68.05 127.08 55.54 30.07 44.85 69.18 73.11 52.20 52.44 174.16 164.22 173.90 32.98 39.80 14.29 27.14 25.62 21.20 23.74 16.30 25.78 39.50 30.79 22.38 30.13 28.46 31.88 24.83 18.49 17.89 19.86 17.82 13.25 15.06 39.46 23.64 22.51 20.62 17.43 22.19 23.70 21.68 18.43 22.47 18.17 22.54 19.63 25.38 22.47 21.41 33.45 31.55 20.80 32.17 24.07 20.38 16.40 23.19 24.93 21.60 29.05 35.52 16.53 21.42 28.67 18.36 25.24 18.65 20.81 25.08 16.34 19.43 22.68 21.82 16.59 12.12 16.39 12.43 11.71 20.53 7.89 14.86 21.87 25.74 33.77 20.35 14.24 16.04 24.69 16.82 17.80 19.96 (0.854) (1.474) 0.409 (0.225) (0.483) 0.091 1.398 0.358 (0.141) (0.531) (0.167) 0.327 (0.415) (0.042) (1.370) 0.074 0.808 0.288 0.100 0.273 1.141 0.936 (0.102) 0.013 0.146 (0.032) 0.098 0.170 0.020 0.406 0.328 0.083 0.154 0.111 0.187 (0.057) 0.367 1.137 (1.104) 0.058 0.78 -1.75 1.50 1.12 2.96 1.37 -0.07 1.36 1.25 0.45 0.32 0.77 0.73 0.40 0.86 0.11 1.45 -0.22 -1.31 -0.34 8.33 2.13 -2.10 1.95 0.50 1.67 0.17 0.33 1.38 5.87 0.14 -0.07 0.68 -0.18 0.77 0.16 -0.67 14.47 0.57 3.68 147.36 199.54 124.30 147.40 159.45 124.21 345.63 80.90 129.22 73.00 43.09 88.30 133.33 64.65 241.66 110.82 100.51 60.08 101.34 50.04 185.91 237.84 33.69 95.15 44.48 53.27 37.10 14.49 68.29 127.59 55.68 30.28 44.89 69.59 74.50 52.60 53.11 176.27 165.73 174.36 146.20 196.17 122.31 144.04 155.67 120.95 338.53 79.55 126.62 72.37 42.26 86.98 131.53 63.58 238.01 109.34 98.59 59.11 99.74 49.45 178.21 234.33 32.47 93.10 43.44 52.07 36.75 14.06 66.64 123.78 54.94 29.99 44.65 68.90 72.55 51.67 52.26 170.80 163.37 172.05 142.36 200.59 111.85 140.28 155.87 121.09 320.41 73.14 124.93 71.93 42.49 85.12 132.79 61.78 240.35 108.10 88.09 52.42 98.79 46.56 169.75 215.05 34.00 88.66 40.35 48.56 35.02 12.47 64.86 116.67 52.73 29.35 39.99 67.47 69.02 51.95 50.39 152.66 161.16 167.06 151.73 213.99 119.30 148.56 160.38 123.60 333.24 77.29 128.64 76.85 43.84 86.90 136.56 65.03 251.28 110.53 95.28 57.04 100.49 48.23 176.06 228.71 35.21 92.97 42.93 51.33 36.15 13.60 67.00 121.47 54.29 30.00 42.63 69.55 72.12 53.42 52.06 162.71 170.34 175.38 161.10 227.39 126.74 156.84 164.89 126.11 346.08 81.44 132.34 81.76 45.18 88.69 140.33 68.27 262.20 112.97 102.48 61.65 102.20 49.91 182.38 242.36 36.42 97.28 45.51 54.11 37.28 14.72 69.15 126.27 55.85 30.65 45.27 71.63 75.22 54.90 53.72 172.76 179.51 183.70 40.64 26.69 64.85 44.42 47.68 43.98 55.15 65.55 47.13 27.58 39.61 51.29 38.02 43.27 36.18 46.74 61.31 63.85 45.36 59.82 64.16 61.44 30.02 52.95 55.83 57.62 58.11 56.72 56.48 62.21 55.84 47.20 73.49 44.09 51.77 41.85 47.13 59.23 39.01 45.06 150.10 212.24 122.50 151.05 159.72 123.26 337.16 79.06 128.26 75.29 43.89 87.09 135.64 65.78 249.60 110.47 97.89 59.09 100.57 48.80 177.31 234.09 34.90 94.59 44.01 52.21 36.62 14.04 66.84 123.31 54.84 30.05 43.62 69.72 73.41 53.30 51.74 165.81 170.12 176.14 152.78 218.08 117.70 149.23 159.82 124.46 331.42 76.18 128.89 77.13 43.58 87.07 137.41 65.20 253.22 110.96 94.61 56.20 100.61 48.01 176.15 226.31 35.41 92.54 43.19 51.20 36.02 13.62 66.59 121.36 54.38 30.31 41.57 70.04 72.31 54.06 52.58 164.10 170.89 180.43 154.23 225.19 115.91 151.77 158.78 127.15 339.34 76.01 129.71 78.41 43.76 89.06 138.47 67.54 258.14 112.82 95.60 55.68 102.30 48.28 178.73 226.64 35.97 92.96 43.65 50.28 36.09 14.00 66.68 121.70 55.81 31.03 40.73 72.25 72.94 54.92 54.91 170.71 172.85 183.37 20.69 11.64 29.43 13.61 18.53 20.72 12.21 25.17 18.22 11.10 15.25 20.60 10.40 20.86 12.41 17.00 31.39 33.41 15.19 27.83 30.80 27.42 14.53 20.32 18.89 29.65 20.84 27.31 28.61 29.47 19.95 16.21 43.99 14.85 24.21 15.72 22.31 31.89 16.15 20.74 (12.30) (28.16) 15.14 (13.53) (7.09) (0.48) (11.53) 8.87 (7.56) (28.39) (15.54) (1.78) (19.73) (7.59) (19.47) (7.83) 12.90 15.52 (4.67) 10.00 17.55 12.36 (24.92) (3.32) (3.62) 9.04 3.41 5.12 4.91 7.79 1.52 (6.26) 25.82 (7.69) 4.58 (9.66) (0.16) 10.48 (17.30) (10.81) -2.33 -5.81 2.21 -0.58 -0.42 -1.22 1.51 1.15 -0.83 -1.67 -0.17 -0.53 -1.33 -0.65 -3.83 -0.49 1.58 1.28 -0.50 0.33 0.37 3.22 -0.44 0.60 0.31 0.56 0.26 0.12 0.18 0.89 -0.06 -0.20 1.07 -0.66 0.30 -0.55 -0.63 -0.68 -1.87 -2.52 -1.48 -4.34 1.80 -0.36 0.07 -1.32 0.11 0.79 -0.69 -1.14 0.00 -0.85 -0.91 -0.61 -2.46 -0.56 0.77 0.99 -0.60 0.06 -0.77 2.28 -0.34 0.59 0.16 0.59 0.16 -0.05 0.16 0.49 -0.39 -0.28 0.92 -0.77 0.11 -0.49 -1.00 -1.82 -0.77 -2.58 SELL SELL BUY SELL SELL SELL SELL BUY SELL SELL SELL SELL SELL SELL SELL SELL BUY BUY SELL BUY BUY BUY SELL SELL SELL BUY BUY BUY BUY BUY BUY SELL BUY SELL BUY SELL SELL BUY SELL SELL SELL SELL BUY SELL SELL BUY BUY BUY SELL SELL SELL BUY SELL SELL SELL BUY BUY BUY BUY BUY BUY BUY SELL BUY BUY SELL BUY BUY BUY BUY BUY BUY BUY BUY BUY SELL BUY BUY SELL BUY INTERPRETATION OF TECHNICAL INDICATORS: Bollinger Bands: Variable width bands that narrow during less volatile periods and widen during more volatile periods. As a general rule, in a bearish trend, traders should buy when share price touches the lower band and exit when price touches the middle band. The reverse is true in a bullish trend, ie. buy when price touches the middle band and sell when price touches the upper band. Momentum traders tend to buy on price breakouts above the upper band, and sell when price breaks down below the lower band. 14-day Relative Strength Index (RSI): A reading below 30 is considered oversold, above 70 is overbought. A rise above 50 with a corresponding share price surge above the 30day moving average should be taken as a bullish move with good short-term upside potential. A fall below 50 and a simultaneous dip below the 30-day average is bearish and imply further near-term downside risk. Moving Averages: A stock’s short-term trend is bullish if share price stays above the 10-day moving average, and bearish if it stays below. The medium-term trend is positive if share price stays above the 30-day average, and negative if it remains below. A longer-term uptrend is intact if share price sustain above the 50-day average, and is deemed broken if it breaches below this level. Directional Movement Indicator (DMI): The DMI is an indicator of trend strength. A positive DMI difference (DMI diff) value is bullish and indicate a higher DI+ vs. DI-, while a negative DMI diff is bearish due to a lower DI+ vs. DI- (DMI diff = DI+ minus DI-). A crossover of DI+ above DI- triggers a BUY signal, while a SELL signal is flashed when the DI+ crosses below the DI-. The Average Directional Movement Index (ADX) indicates the strength of a trend, whether it is up or down. The higher the value of ADX, the stronger the trend. An ADX value above 25 suggests a trending market or stock, while a value below 20 signal congestion or absence of trend. Daily Moving Average Convergence Divergence (MACD): The MACD diff value is derived from the difference between the MACD line (the 12-day EMA minus the 26-day EMA) and the MACD signal line (the 9-day EMA of the MACD). A positive MACD diff value is bullish, while a negative MACD diff is bearish. A BUY signal is generated when the MACD diff rises above zero, and SELL signal sparked when the MACD diff value falls below zero. Page 3 of 5
  55. 30-Apr-18 Fundamentals of Foreign Technical Picks Bloomberg Ticker Stock Name IBM UN MMM UN CVX UN CAT UN MCD UN UTX UN BA UN XOM UN J NJ UN P G UN KO UN WMT UN TRV UN DWDP US GS US J P M UN AXP UN MRK UN DIS UN VZ UN HD UN UNH US T UN MS FT UW CS CO UW INTC UW P FE UN GE UN NKE US V US AIG US BAC US BP US C US LVS US MS US WFC US FB US AAP L US BABA US IBM 3M CHE VRON CATE RP ILLAR MCDONALDS UNITE CH BOE ING E XXON MOBIL 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 RIZON HOME DE P OT UTD HE ALTH AT&T MICROS OFT CIS CO INTE L P FIZE R GE NIKE INC VIS A INC AIG BANK OF AME RICA BP CITIGROUP LV S ANDS MS WE LLS FARGO FACE BOOK INC AP P LE INC ALIBABA GRP Close Target Price % upside 146.72 197.09 124.22 146.31 158.90 122.82 342.79 80.86 128.01 72.75 42.75 87.94 132.95 64.04 240.09 110.10 100.23 59.41 99.84 49.76 185.72 237.03 33.10 94.26 44.21 53.05 36.85 14.38 68.05 127.08 55.54 30.07 44.85 69.18 73.11 52.20 52.44 174.16 164.22 173.90 170.61 231.92 135.80 173.96 186.50 147.06 393.64 85.91 145.00 82.22 49.77 104.84 143.19 81.96 274.57 121.82 108.59 68.79 121.37 55.87 210.73 273.05 40.32 104.23 48.42 54.97 39.92 16.32 71.41 142.00 68.36 34.80 46.08 84.39 82.92 61.16 61.05 220.98 193.09 226.27 14% 15% 9% 16% 15% 16% 13% 6% 12% 12% 14% 16% 7% 22% 13% 10% 8% 14% 18% 11% 12% 13% 18% 10% 9% 3% 8% 12% 5% 11% 19% 14% 3% 18% 12% 15% 14% 21% 15% 23% EPS ($) PER(x) Div Yield(%) 52week Price 2017 2018 2017 2018 2017 2018 High Low % Chg YTD 13.82 10.41 6.51 10.27 7.58 7.11 14.43 4.80 8.12 4.19 2.10 4.98 10.48 4.09 22.84 8.90 7.23 4.20 7.07 4.54 9.44 12.63 3.45 3.67 2.60 3.57 2.95 0.95 2.29 4.48 5.35 2.56 2.81 6.45 3.56 4.70 4.56 8.50 11.31 33.51 14.09 11.38 6.70 11.38 8.23 7.85 16.97 4.94 8.58 4.46 2.27 5.26 11.30 4.86 24.38 9.79 8.02 4.48 7.70 4.66 10.16 14.28 3.49 3.94 2.88 3.82 3.04 1.06 2.69 5.26 5.91 2.90 2.95 7.39 3.67 5.10 5.12 10.32 12.88 46.29 10.6 18.9 19.1 14.2 21.0 17.3 23.8 16.8 15.8 17.4 20.4 17.7 12.7 15.7 10.5 12.4 13.9 14.2 14.1 11.0 19.7 18.8 9.6 25.7 17.0 14.9 12.5 15.1 29.8 28.4 10.4 11.8 16.0 10.7 20.5 11.1 11.5 20.5 14.5 32.9 10.4 17.3 18.5 12.9 19.3 15.6 20.2 16.4 14.9 16.3 18.8 16.7 11.8 13.2 9.8 11.2 12.5 13.3 13.0 10.7 18.3 16.6 9.5 24.0 15.4 13.9 12.1 13.6 25.3 24.2 9.4 10.4 15.2 9.4 19.9 10.2 10.2 16.9 12.8 23.8 4.2 2.8 3.6 2.2 2.6 2.3 2.0 3.9 2.8 3.9 3.6 2.4 2.3 2.6 1.3 2.2 1.4 3.2 1.7 4.8 2.2 1.3 6.1 1.8 2.8 2.3 3.7 3.4 1.1 0.6 2.5 2.0 5.4 2.1 4.1 2.1 3.1 0.0 1.7 0.0 4.4 2.9 3.8 2.3 2.7 2.5 2.2 4.1 3.0 4.1 3.9 2.5 2.4 2.7 1.4 2.6 1.5 3.3 1.9 4.9 2.6 1.4 6.2 1.9 3.2 2.3 4.0 3.5 1.3 0.7 2.7 2.6 5.4 2.6 4.3 2.5 3.5 0.0 1.9 0.0 171.12 259.77 133.86 173.18 178.68 139.21 371.51 89.30 148.32 94.67 48.61 109.98 150.51 77.08 275.29 119.33 102.95 66.41 116.09 54.77 207.60 250.79 40.40 97.24 46.15 54.36 39.43 29.47 70.25 127.59 67.30 33.05 44.89 80.70 79.84 59.38 66.31 195.32 183.50 206.20 139.14 193.55 102.56 97.76 139.78 109.11 175.48 72.16 122.15 71.95 41.91 73.13 113.77 59.29 209.66 81.64 75.98 52.83 96.20 42.82 144.26 166.65 32.47 67.15 30.36 33.24 31.67 12.73 50.35 90.98 52.42 22.07 33.90 58.93 56.33 40.43 49.27 144.42 142.20 114.00 -4.37 -16.26 -0.77 -7.15 -7.68 -3.72 16.24 -3.32 -8.38 -20.82 -6.82 -10.95 -1.98 -10.08 -5.76 2.95 0.93 5.58 -7.13 -5.99 -2.01 7.52 -14.87 10.19 15.43 14.93 1.74 -17.59 8.79 11.45 -6.78 1.86 6.71 -7.03 5.21 -0.51 -13.57 -1.30 -2.96 0.85 Note: The above data is based on Bloomberg consensus Page 4 of 5
  56. 30-Apr-18 LIST OF RECOMMENDED BUY STOCKS FROM JUNE 2017 TO CURRENT Stock REC Date AIG ALIBABA ALIBABA ALIBABA APPLE INC APPLE INC APPLE INC APPLE INC AT &T INC AT&T INC AT&T INC AT&T INC BANK OF AMERICA BANK OF AMERICA BANK OF AMERICA BANK OF AMERICA BP PLC BP PLC BP PLC BP PLC CHEVRON CORP CHEVRON CORP CHEVRON CORP CISCO SYSTEMS CITIGROUP CITIGROUP CITIGROUP CITIGROUP COCA-COLA COCA-COLA EXXOM MOBIL EXXOM MOBIL FACEBOOK FACEBOOK GENERAL ELECTRIC HOME DEPOT IBM CORP INTEL CORP JOHNSON & JOHNSON JOHNSON & JOHNSON JPMORGAN CHASE LAS VEGAS LAS VEGAS LAS VEGAS LAS VEGAS 3M CO 3M CO MERCK & CO MERCK & CO MERCK & CO MERCK & CO MERCK & CO MERCK & CO MERCK & CO MICROSOFT MORGAN STANLEY MORGAN STANLEY NIKE INC NIKE INC NIKE INC PFIZER INC PFIZER INC PFIZER INC PFIZER INC PROCTER & GAMBLE PROCTER & GAMBLE UNITED TECH CORP UNITED TECH CORP UNITEDHEALTH VERIZON VERIZON VISA WAL-MART WAL-MART WALT DISNEY WALT DISNEY WALT DISNEY WALT DISNEY WALT DISNEY WELLS FARGO BUY Price 25-May 21-Mar 5-Apr 26-Apr 27-Sep 21-Sep 2-Aug 9-May 14-Mar 9-Jan 13-Dec 26-Oct 15-Nov 19-Sep 18-Apr 5-Jan 8-Feb 14-Sep 9-Mar 11-Apr 14-Feb 7-Nov 20-Jul 16-May 28-Mar 13-Sep 6-Jul 19-Jan 27-Feb 18-Jan 7-Feb 16-Nov 13-Jul 11-May 5-Dec 8-Mar 19-Jul 30-Aug 6-Feb 19-Apr 22-Jun 21-Nov 7-Sep 3-May 7-Feb 4-Apr 25-Apr 28-Feb 27-Dec 28-Nov 31-Oct 25-Apr 23-Mar 18-Apr 11-Jul 3-Oct 1-Jun 4-Oct 17-Aug 4-Apr 17-Jan 23-Aug 20-Apr 28-Mar 24-Jan 25-Oct 6-Sep 3-Aug 19-Oct 22-Feb 14-Nov 28-Dec 21-Feb 19-Apr 1-Mar 13-Feb 17-Oct 18-May 24-May 23-May 62.60 107.25 172.07 170.22 153.14 156.07 150.05 153.01 37.39 38.25 38.10 33.49 26.24 24.70 22.81 22.95 40.00 35.99 33.31 42.78 113.29 117.04 104.46 34.23 68.28 68.79 68.45 57.39 44.03 46.82 78.35 81.21 158.90 150.29 17.76 178.58 154.00 34.73 130.39 121.82 87.12 67.08 63.26 59.19 51.98 216.33 201.13 54.72 56.34 54.93 54.71 62.14 63.50 59.27 69.98 48.92 41.74 51.47 58.54 55.56 36.60 33.15 33.61 34.18 88.31 86.98 111.21 120.35 205.23 47.96 44.75 114.02 94.11 87.57 103.16 103.39 98.13 106.31 100.15 53.01 27-Apr-18 Price 55.54 173.90 173.90 173.90 164.22 164.22 164.22 164.22 33.10 33.10 33.10 33.10 30.07 30.07 30.07 30.07 44.85 44.85 44.85 44.85 124.22 124.22 124.22 44.21 69.18 69.18 69.18 69.18 42.75 42.75 80.86 80.86 174.16 174.16 14.38 185.72 146.72 53.05 128.01 128.01 110.10 73.11 73.11 73.11 73.11 197.09 197.09 59.41 59.41 59.41 59.41 59.41 59.41 59.41 94.26 52.20 52.20 68.05 68.05 68.05 36.85 36.85 36.85 36.85 72.75 72.75 122.82 122.82 237.03 49.76 49.76 127.08 87.94 87.94 99.84 99.84 99.84 99.84 99.84 52.44 Change (+/-) (7.06) 66.65 1.83 3.68 11.08 8.15 14.17 11.21 (4.29) (5.15) (5.00) (0.39) 3.83 5.37 7.26 7.12 4.85 8.86 11.54 2.07 10.93 7.18 19.76 9.98 0.90 0.39 0.73 11.79 (1.28) (4.07) 2.51 (0.35) 15.26 23.87 (3.38) 7.14 (7.28) 18.32 (2.38) 6.19 22.98 6.03 9.85 13.92 21.13 (19.24) (4.04) 4.69 3.07 4.48 4.70 (2.73) (4.09) 0.14 24.28 3.28 10.46 16.58 9.51 12.49 0.25 3.70 3.24 2.67 (15.56) (14.23) 11.61 2.47 31.80 1.80 5.01 13.06 (6.17) 0.37 (3.32) (3.55) 1.71 (6.47) (0.31) (0.57) pct ST (11.28) 62.14 1.06 2.16 7.24 5.22 9.44 7.33 (11.47) (13.46) (13.12) (1.16) 14.60 21.74 31.83 31.02 12.13 24.62 34.64 4.84 9.65 6.13 18.92 29.16 1.32 0.57 1.07 20.54 (2.91) (8.69) 3.20 (0.43) 9.60 15.88 (19.03) 4.00 (4.73) 52.75 (1.83) 5.08 26.38 8.99 15.57 23.52 40.65 (8.89) (2.01) 8.57 5.45 8.16 8.59 (4.39) (6.44) 0.24 34.70 6.70 25.06 32.21 16.25 22.48 0.68 11.16 9.64 7.81 (17.62) (16.36) 10.44 2.05 15.49 3.75 11.20 11.45 (6.56) 0.42 (3.22) (3.43) 1.74 (6.09) (0.31) (1.08) 57.93 184.44 184.44 184.44 179.34 179.34 179.34 179.34 37.43 37.43 37.43 37.43 34.08 34.08 34.08 34.08 48.76 48.76 48.76 48.76 125.63 125.63 125.63 46.07 74.70 74.70 74.70 74.70 46.54 46.54 83.55 83.55 176.02 176.02 15.80 186.74 162.64 55.26 139.11 139.11 124.32 78.57 78.57 78.57 78.57 223.16 223.16 62.37 62.37 62.37 62.37 62.37 62.37 62.37 100.77 58.70 58.70 72.72 72.72 72.72 39.12 39.12 39.12 39.12 84.20 84.20 128.23 128.23 250.79 52.49 52.49 129.83 92.90 92.90 103.20 103.20 103.20 103.20 103.20 55.17 Upside Targets MT LT 60.17 206.20 206.20 206.20 188.25 188.25 188.25 188.25 38.95 38.95 38.95 38.95 35.96 35.96 35.96 35.96 51.34 51.34 51.34 51.34 133.85 133.85 133.85 47.90 80.66 80.66 80.66 80.66 48.60 48.60 86.38 86.38 195.32 195.32 19.27 194.73 167.24 57.62 148.28 148.28 133.43 87.33 87.33 87.33 87.33 237.15 237.15 66.80 66.80 66.80 66.80 66.80 66.80 66.80 105.28 61.74 61.74 75.52 75.52 75.52 40.22 40.22 40.22 40.22 88.19 88.19 137.70 137.70 277.82 56.95 56.95 134.50 109.98 109.98 106.25 106.25 106.25 106.25 106.25 60.80 62.95 227.95 227.95 227.95 195.45 195.45 195.45 195.45 40.84 40.84 40.84 40.84 37.84 37.84 37.84 37.84 53.41 53.41 53.41 53.41 147.60 147.60 147.60 50.85 86.65 86.65 86.65 86.65 50.65 50.65 89.88 89.88 214.61 214.61 21.43 207.60 182.79 59.97 157.45 157.45 137.51 92.76 92.76 92.76 92.76 259.78 259.78 71.22 71.22 71.22 71.22 71.22 71.22 71.22 109.78 68.54 68.54 80.05 80.05 80.05 41.11 41.11 41.11 41.11 94.64 94.64 147.16 147.16 294.55 61.40 61.40 139.16 120.52 120.52 110.01 110.01 110.01 110.01 110.01 65.85 ST 4.30 6.06 6.06 6.06 9.21 9.21 9.21 9.21 13.08 13.08 13.08 13.08 13.34 13.34 13.34 13.34 8.72 8.72 8.72 8.72 1.14 1.14 1.14 4.21 7.98 7.98 7.98 7.98 8.87 8.87 3.33 3.33 1.07 1.07 9.87 0.55 10.85 4.17 8.67 8.67 12.92 7.47 7.47 7.47 7.47 13.23 13.23 4.98 4.98 4.98 4.98 4.98 4.98 4.98 6.91 12.45 12.45 6.86 6.86 6.86 6.16 6.16 6.16 6.16 15.74 15.74 4.40 4.40 5.81 5.49 5.49 2.16 5.64 5.64 3.37 3.37 3.37 3.37 3.37 5.21 % Upside MT 8.34 18.57 18.57 18.57 14.63 14.63 14.63 14.63 17.67 17.67 17.67 17.67 19.59 19.59 19.59 19.59 14.47 14.47 14.47 14.47 7.75 7.75 7.75 8.35 16.59 16.59 16.59 16.59 13.68 13.68 6.83 6.83 12.15 12.15 34.01 4.85 13.99 8.61 15.83 15.83 21.19 19.45 19.45 19.45 19.45 20.33 20.33 12.44 12.44 12.44 12.44 12.44 12.44 12.44 11.69 18.28 18.28 10.98 10.98 10.98 9.15 9.15 9.15 9.15 21.22 21.22 12.12 12.12 17.21 14.45 14.45 5.84 25.06 25.06 6.42 6.42 6.42 6.42 6.42 15.94 LT 13.34 31.08 31.08 31.08 19.02 19.02 19.02 19.02 23.38 23.38 23.38 23.38 25.84 25.84 25.84 25.84 19.09 19.09 19.09 19.09 18.82 18.82 18.82 15.02 25.25 25.25 25.25 25.25 18.48 18.48 11.16 11.16 23.23 23.23 49.03 11.78 24.58 13.04 23.00 23.00 24.90 26.88 26.88 26.88 26.88 31.81 31.81 19.88 19.88 19.88 19.88 19.88 19.88 19.88 16.47 31.30 31.30 17.63 17.63 17.63 11.56 11.56 11.56 11.56 30.09 30.09 19.82 19.82 24.27 23.39 23.39 9.51 37.05 37.05 10.19 10.19 10.19 10.19 10.19 25.57 VISA INC* = Share price adjusted for 1-to-4 stock split on 19/03/2015. Total funds invested * Total unrealised profit Return 6,529,320 426,990 6.54% 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 2017 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, April 30, 2018, 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