BursaKakis Channel 👣

Ekovest @ 0.385 as at 03012025

Iwcity @ 0.61 as at 03012025

M+ Market Wrap - 3Jan25

FBM KLCI: 1,629.46 pts (-3.41pts, -0.21%)
The FBMKLCI (-0.21%) closed lower, tracking the sell-off in Wall Street amid weaker, sales from Tesla despite better manufacturing activity in China; selling pressure was observed in Utilities and Banking heavyweights, namely TENAGA (-16.0 sen) and PBBANK (-4.0 sen). However, market breadth was positive, with 631 gainers and 477 losers. The Energy sector led the gainers (+2.51%), buoyed by gains in DIALOG (+5.0 sen) and YINSON (+5.0 sen), benefiting from the spike in Brent Crude oil prices, while the Healthcare sector (-0.79%) declined the most.

Top 3 Active stocks:
DSONIC (5216): RM0.425(+0.5 sen)
MYEG (0138): RM0.985 (+2.5 sen)
DNEX (4456): RM0.430 (+3.0 sen)

Volume: 3.70 bn (100-bar avg vol: 3.04 bn)
Value: RM2.87 bn (100-bar avg val: RM2.84 bn)
Market Breadth: 631 ⬇️477
Crude palm oil: RM4,335 (+RM2)
Dow Futures: 42,809 pts (+115 pts)

**Source: Bloomberg, M+**

FajarBaru @ 0.39 as at 03012025

Avaland @ 0.335 as at 03012025

EMCC @ 0.375 as at 03012025

Sunsuria @ 0.54 as at 03012025

Wcehb @ 0.795 as at 03012025

Bursa Malaysia Midday Recap: Positive Energy Vibes

The FBM KLCI slipped a couple of points today as some profit taking in blue chips continued. Broad market sentiment flipped to a more positive tone with investors’ focus on property (most traded sector by value) and energy stocks (higher crude oil prices buoyed by optimism surrounding China's stimulus measures). With productivity being the main topic for this week, investors may want to keep an eye out for tonight’s US ISM manufacturing PMI data at 11pm.

As YTLPOWR continues to inch higher from their Nov 2024 lows, investors may be wondering if there is further upside ahead. Our analysts are currently holding firm on their 12-month target price of MYR 4.70, suggesting a +5.1% potential upside from its last traded price as at midday. For the latest updates on the stock, check out our new YTLPOWR report your Maybank Trade MY app today!

Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap

*RHB* ♦️ *Investment Bank Bhd*

Stay informed with more RHB Research updates on:
♦️ Facebook Group: https://www.facebook.com/groups/morningcuppa
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*RHB Retail Research*
*Technical Analyzer*
03 Jan 2025

Download report here: https://tinyurl.com/y5e59m5j

*3REN (0328)*: Shariah Compliant
Outlook: Breakout MYR0.40
Resistance: MYR0.44, MYR0.48
Support: MYR0.36
(time frame: 2-4 weeks)

*JTGROUP (0292)*: Shariah Compliant
Outlook: Breakout MYR0.50
Resistance: MYR0.57, MYR0.635
Support: MYR0.44
(time frame: 2-4 weeks)


Investment Research Disclaimers
RHB has issued this report for information purposes only...

UOBKH Retail Market Monitor
3 January 2025

FBMKLCI: 1,632.87 (-9.46)
Support: 1,613, 1600
Resistance: 1,648, 1,675

Bursa Top Gainers:
TM (+1.8%), PETGAS (+1.5%), PETDAG (+1.5%)

Bursa Top Losers:
PCHEM (-6.0%), AXIATA (-3.6%), HLFG (-2.0%)

Bursa Trade Statistics
Local Institutions (41.05%): RM55.62M
Local Retail (21.96%): RM0.17M
Foreign (36.99%): -RM55.79m

Global Equity Indexes
MSCI Asia : 181.09 (-0.64, -0.35%)
NASDAQ : 19,280.79 (-30.00, -0.16%)
S&P500 : 5,868.55 (-13.08, -0.22%)
DJIA : 42,392.27 (-151.95, -0.36%)

USD/MYR : 4.4885 (+0.0011)
SGD/MYR : 3.2777 (-0.0017)

Crude Oil : 73.16 (+1.11)
Gold : 2,659.58 (+34.1)

US stocks were lower after the close on Thursday, as losses in the Consumer Goods, Basic Materials and Industrials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.34%, while the S&P 500 index fell 0.20%, and the NASDAQ Composite index fell 0.16%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,506 to 1,311 and 51 ended unchanged; on the Nasdaq Stock Exchange, 1,805 rose and 1,511 declined, while 115 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) HARBOUR (KLSE: 2062)
Technical BUY with +13.7% potential return
** Last: RM1.46 TP: RM1.57, RM1.66 SL: RM1.39
** Timeframe: 2 weeks to 2 months
** Shariah: NO

2) KIMLUN (KLSE: 5171)
Technical BUY on breakout (RM1.24) with +20.2% potential return
** Last: RM1.20 TP: RM1.41, RM1.49 SL: RM1.09
** Timeframe: 2 weeks to 2 months
** Shariah: YES

3) WMG (KLSE: 6378)
Technical BUY with +37.3% potential return
** Last: RM0.415 TP: RM0.495, RM0.57 SL: RM0.245
** Timeframe: 2 weeks to 2 months
** Shariah: NO


Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.

For the full research report, please log in towww.utrade.com.my

Maybank IBG Traders’ Almanac
(03 Jan 2025) - Profit taking emerges following a bullish run

Technical Trading Ideas💡for today:
1️⃣ IJM CORPORATION BHD – 3336 (S)
2️⃣ EXSIM HOSPITALITY BERHAD – 1287 (S)
3️⃣ STEEL HAWK BERHAD – 0320 (S)
4️⃣ CPO FUTURES (CP: MYR 4,684)
5️⃣ KLCI INDEX FUTURES (CP: 1,638.00)

Note: S - Shariah Compliant

For the full report, stock ideas, and market flows, access Market Insight on Maybank Trade on Apple Store and Google Play.

#MaybankIBGResearch
#MaybankIBGTA

⭐️Technical tracker ⭐️- HLIB Retail Research -3 Jan 2025

MRDIY : Buy the dip

Despite the unexpected decline in same-store sales growth in 3Q24, which triggered a knee-jerk selloff in MR DIY’s share price, our positive narrative of a stronger consumption outlook for 2025 remains intact. We project MR DIY’s earnings to achieve robust growth of 16% in FY25.

Collection range: RMRM1.80-1.84-1.87

Upside targets: RM2.00-2.10-2.26

Cut loss: RM1.72

Please join us on HLeBroking telegram channel: https://t.me/joinchat/qaZOqmjEU0k4ZGVl

Disclaimer: www.hlebroking.com/v3/disclaimer.as