BOMOH SAHAM TRADER

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Errata on date

M+ Online Technical Focus – 8Feb21
Opensys (M) Bhd: Tapping to financial institutions re-invention

Trading Catalyst
• Supported by key clientele include public listed companies (PLC) such as Maybank, Hong Leong Bank, RHB bank, Tenaga, Telekom, Celcom, Sarawak Energy and Aeon Credit with 9MFY20 net profit expanded 21.1% YoY to RM7.3m.
• Capitalising on the adoption of digitialisation of financial services via the introduction of the SmartCIT cash-in-transit cash collection and management with IoT secured logistic solution.
• Launch of buySolar online marketplace platform will generate a new avenue of income stream.
• Technically, the short-term consolidation breakout above RM0.53 ensue further recovery towards the next resistances at RM0.58-RM0.61 with long term target at RM0.685.

Technical View

(i) OPENSYS (S: RM0.505, R: RM0.58-0.61, LT TP: RM0.685, CL: RM0.50)

S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

Source: Bloomberg, M+ Online

Errata on date

M+ Online Morning Market Buzz - 8Feb21

Dow Jones: 31,148.24 pts (+92.38pts, +0.30%)
⬆️ Resistance: 31900
⬇️ Support: 29500

FBM KLCI: 1,578.63 pts (-6.27pts, -0.40%)
⬆️ Resistance: 1630
⬇️ Support: 1540

HSI Index: 29,288.68 pts (+175.18pts, +0.60%)
⬆️ Resistance: 30200
⬇️ Support: 27900

Crude Palm Oil: RM3,375 (+RM58, +1.75%)
⬆️ Resistance: 3540
⬇️ Support: 3150

Brent Oil: $59.34 (+$0.50, +0.85%)
⬆️ Resistance: 61.00
⬇️ Support: 53.60

Gold: $1,814.11 (+$20.08, +1.12%)
⬆️ Resistance: 1910
⬇️ Support: 1750

Source: Bloomberg, M+ Online

Perlukan khidmat nasihat? Jom buka akaun dengan saya.

Untuk public yg perlukan advise dalam stock anda perlu tanya remisier or dealer anda.

Susah sikit lepas ni public group untuk recommended mana2 stock. Seperti bagitau stock ni boleh pergi ke berapa. Now SC dah mula buat kerja.

M+ Online Market Wrap - 5Feb21

FBM KLCI: 1,578.63 pts (-6.27pts, -0.40%)
The FBM KLCI (+0.4%) snapped a three-day winning streak to underperform the mostly positive regional peers as quick profit taking activities emerged with more than two-third of the key index components finished lower. Market breadth stayed positive as the gainers nudged the losers on a ratio of 549-to-532 stocks. The energy sector (+0.9%) was upbeat, boosted by gains from Dialog (+11.0 sen), Hibiscus (+3.0 sen) and Dayang (+2.0 sen).

Top 3 Active stocks:
ISTONE (0209): RM0.25 (+1.5 sen)
LUSTER (5068): RM0.215 (-1.0 sen)
QES (0196): RM0.495 (-2.0 sen)

Volume: 6.09 bn (100-day avg vol: 8.22 bn)
Value: 4.16 bn (100-day avg val: 4.84 bn)
Market Breadth: ⬆️:549 ⬇️:532
Crude palm oil: RM3,404 (+RM87)
Dow Futures: 31,013 pts (+63 pts)

Source: Bloomberg, M+ Online

Market update: Mirroring the gains on Wall Street, the FBM KLCI edged mildly higher after Prime Minister Tan Sri Muhyiddin Yassin’s update on the scheduled rollout of Covid-19 vaccination programme by the end of February 2021. The announcement coupled with the positive performance on Wall Street overnight may lift the overall market sentiment on the local front. Meanwhile, the lower liners will continue to enjoy their upward momentum as liquidity remains well on the equities market.

Sector focus: Given the economic activities may restart in the near term, we expect trading interest may develop within the recovery sector such as construction, building materials, property and gaming. Meanwhile, the technology, furniture as well as vaccine related counters should remain in the upbeat tone.

Stocks to watch:

Construction: ECONBHD, PESTECH
Building material: PMBTECH, KSSC
Technology: AWANTEC, FPI, GUH, MMSV
O&G: CARIMIN, PANTECH
Consumer: FIAMMA, MILUX
Furniture: POHUAT, SPRING, EVERGRN
Others: ENGKAH, TURIYA, BURSA, DPHARMA

Source: M+ Online

M+ Online Technical Trading Stocks - 5Feb21

Stock Name: PRESTAR (9873)
Entry: Buy around RM0.85
Target: RM0.89 (4.7%), RM0.93 (9.4%)
Stop: RM0.805 (-5.3%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: AWANTEC (5204)
Entry: Buy above RM0.835
Target: RM0.89 (6.6%), RM0.93 (11.4%)
Stop: RM0.785 (-6.0%)
Shariah: Yes
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

M+ Online Morning Market Buzz - 5Feb21

Dow Jones: 31,055.86 pts (+332.26pts, +1.08%)
⬆️ Resistance: 31700
⬇️ Support: 29300

FBM KLCI: 1,584.90 pts (+1.91pts, +0.12%)
⬆️ Resistance: 1630
⬇️ Support: 1530

HSI Index: 29,113.50 pts (-193.96pts, -0.66%)
⬆️ Resistance: 30200
⬇️ Support: 27700

Crude Palm Oil: RM3,317 (+RM91, +2.82%)
⬆️ Resistance: 3570
⬇️ Support: 3150

Brent Oil: $58.84 (+$0.38, +0.65%)
⬆️ Resistance: 60.40
⬇️ Support: 53.60

Gold: $1,794.03 (-$40.01, -2.18%)
⬆️ Resistance: 1920
⬇️ Support: 1750

Source: Bloomberg, M+ Online

M+ Online Market Wrap - 4Feb21

FBM KLCI: 1,584.90 pts (+1.91pts, +0.12%)
The FBM KLCI (+0.1%) managed to inch higher for the third straight session after recovering all its intraday losses, largely underpinned by the eleventh hour buying support in selected index heavyweights. Market breadth stayed positive as the gainers outnumbered the losers on a ratio of 626-to-489 stocks. The property sector (+2.9%) emerged as the biggest winner on the broader market, led by gains from IOI Properties (+22.0 sen), Kerjaya Property (+7.5 sen) and Enra Group (+3.0 sen).

Top 3 Active stocks:
LAMBO (0018): RM0.025 (-0.5 sen)
LUSTER (5068): RM0.225 (+0.5 sen)
PHB (4464): RM0.025 (+0.5 sen)

Volume: 8.04 bn (100-day avg vol: 8.24 bn)
Value: 4.18 bn (100-day avg val: 4.85 bn)
Market Breadth: ⬆️:626 ⬇️:489
Crude palm oil: RM3,341 (+RM115)
Dow Futures: 30,668 pts (+41 pts)

Source: Bloomberg, M+ Online

Can it break last high 0.580

SCGBHD. Nice chart

Market update: After experiencing a downward trend since mid-January, the FBM KLCI delivered a second session of gain as most of the counters ended positive except for healthcare stocks. As investors likely to have priced in news of further lockdown measures, buying interest in selected counters with high earning certainty during the February reporting period should be seen, while the broader market should be lifted by the mildly positive performance on Wall Street overnight.

Sector focus: Technology stocks may remain under the limelight as follow through buying interest might be observed for the second session. Besides, we expect O&G stocks to trend higher as Brent oil price is hovering near the 1Y high. Also, market players might be trading on vaccine-related sectors as vaccine rollout plan is expected to commence in the near term.

Stocks to watch:

Building material: BIG, CMSB, SUCCESS
Construction/ Property: ECONBHD, EKOVEST, EWINT
Technology: GENETEC, MICROLN, ELSOFT, D&O, AEMULUS
Vaccine related: SOLUTN, KGB
Transportation & logistics: HARBOUR, TASCO, CJCEN
Others: OPTIMAX, HEXTAR, HPMT, MTAG, KENANGA, SAMAIDEN

Source: M+ Online

Technology, board manufacturers dan energy

Us stock market naik, minyak naik. Good news untuk Malaysia stock market

M+ Online Technical Trading Stocks - 4Feb21

Stock Name: ELSOFT (0090)
Entry: Buy around RM0.91
Target: RM0.945 (3.8%), RM0.99 (8.8%)
Stop: RM0.875 (-3.8%)
Shariah: Yes
Technical: Monitor for flag-formation breakout

Stock Name: REXIT (0106)
Entry: Buy above RM1.00
Target: RM1.08 (8.0%), RM1.12 (12.0%)
Stop: RM0.955 (-4.5%)
Shariah: No
Technical: Flag-formation breakout

Source: Bloomberg, M+ Online

M+ Online Morning Market Buzz - 4Feb21

Dow Jones: 30,723.60 pts (+36.12pts, +0.12%)
⬆️ Resistance: 31600
⬇️ Support: 29300

FBM KLCI: 1,582.99 pts (+2.50pts, +0.16%)
⬆️ Resistance: 1630
⬇️ Support: 1530

HSI Index: 29,307.46 pts (+58.76pts, +0.20%)
⬆️ Resistance: 30200
⬇️ Support: 27700

Crude Palm Oil: RM3,226 (-RM165, -4.87%)
⬆️ Resistance: 3570
⬇️ Support: 3150

Brent Oil: $58.46 (+$1.00, +1.74%)
⬆️ Resistance: 60.20
⬇️ Support: 53.60

Gold: $1,834.04 (-$3.99, -0.22%)
⬆️ Resistance: 1920
⬇️ Support: 1800

Source: Bloomberg, M+ Online

M+ Online Market Wrap - 3Feb21

FBM KLCI: 1,582.99 pts (+2.50pts, +0.16%)
The FBM KLCI (+0.2%) extended its gains after the key index lingered in the positive territory for the entire trading session, taking cue from the gains on Wall Street overnight and the higher crude oil prices. Market breadth turned positive as the gainers overpowered the losers on a ratio of 736-to-427 stocks. The energy sector (+3.5%) marched higher, boosted by gains from Heng Yuan (+50.0 sen), Petron Malaysia (+31.0 sen) and Yinson (+12.0 sen) after crude oil prices surpassed 1 year high.

Top 3 Active stocks:
IRIS (0010): RM0.38 (-1.0 sen)
LUSTER (5068): RM0.22 (+2.0 sen)
MTRONIC (0043): RM0.095 (-0.5 sen)

Volume: 6.10 bn (100-day avg vol: 8.24 bn)
Value: 4.93 bn (100-day avg val: 4.84 bn)
Market Breadth: ⬆️:736 ⬇️:427
Crude palm oil: RM3,230 (-RM161)
Dow Futures: 30,645 pts (+59 pts)

Source: Bloomberg, M+ Online

Market update: While the broader market may price in the extension of MCO2.0 (except for Sarawak), we believe market players may turn their focus to Sarawak-related stocks following the uplift of MCO2.0 as more economic sectors are allowed to operate moving forward. Also, tracking the positive sentiment on Wall Street overnight that should lift the overall market sentiment on the local front.

Sector focus: We opine that the oil and gas counters may trend higher following the increase in Brent oil prices of nearly 2.0%, surging to its 12 months high. Investors may continue to look for stocks under the transport and logistics, plantation, consumer electronic and healthcare sectors ahead of the earning season; the glove stocks has turned positive in term of their technicals.

Stocks to watch:

O&G: HENGYUAN, ARMADA, DAYANG, DESTINI
Technology: VITROX, QES, FPI, INARI, MICROLN, OPCOM
Building material: CMSB
Plantation-related: CAMRES, HEXTAR
Transport: CJCEN, FREIGHT, ASDION
Glove: TOPGLOV, SUPERMX
Power: MFCB
Furniture-related: LEESK, FIHB, TECHBND
Others: VIZIONE, VIVOCOM, INIX

Source: M+ Online