itchy itchy Trader club ( iiTc )

Maybank IBG Traders’ Almanac
(25 Feb 2025) - Corporate earnings take center stage

Technical Trading Ideas💡for today:
1️⃣ GENETEC TECHNOLOGY – 0104 (S)
2️⃣ VELESTO ENERGY – 5243 (S)
3️⃣ JOHOR PLANTATIONS – 5323 (S)
4️⃣ CPO FUTURES (CP: MYR 4,559)
5️⃣ KLCI INDEX FUTURES (CP: 1,584.00)

Note: S - Shariah Compliant

For the full report, stock ideas, and market flows, access Discover Tab on Maybank Trade MY app.

#MaybankIBGResearch
#MaybankIBGTA

📉 S&P 500 and Nasdaq-100 extend decline as Canada and Mexico tariffs will go forward

S&P 500: 5,983.25 (-0.5%)
Nasdaq-100: 21,352.08 (-1.2%)
DJIA: 43,461.21 (+0.1%)
Eurostoxx: 5,453.76 (-0.4%)
U.S. crude futures: 70.70 (+0.4%)

Whether bullish or bearish, investors may gain leveraged exposure to the US market via Macquarie’s warrants over the SP500 and NDX!

📌 View the Live Matrix for the focus US index warrants.

UOBKH Retail Market Monitor
25 February 2025

FBMKLCI: 1,584.25 (-6.78)
Support: 1,574, 1,546
Resistance: 1,617, 1,645

Bursa Top Gainers:
MRDIY (+3.4%), SIME (+2.7%), SDG (+2.7%)

Bursa Top Losers:
PCHEM (-9.7%), GAMUDA (-5.7%), TENAGA (-2.4%)

Bursa Trade Statistics
Local Institutions (37.32%): +RM156.82m
Local Retail (20.13%): +RM87.22m
Foreign (42.55%): -RM244.04m

Global Equity Indexes
MSCI Asia : 189.69 (-0.91, -0.48%)
NASDAQ : 19,286.93 (-237.08, -1.21%)
S&P500 : 5,983.25 (-29.88, -0.50%)
DJIA : 43,461.21 (+33.19, +0.08%)

USD/MYR : 4.4195 (+0.0072)
SGD/MYR : 3.2997 (-0.0065)

Crude Oil : $70.86 (-2.15)
Gold : $2,964.90 (-5.87)

US stocks were mixed after the close on Monday, as gains in the Telecoms, Healthcare and Financials sectors led shares higher while losses in the Technology, Consumer Services and Utilities sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average added 0.08%, while the S&P 500 index lost 0.49%, and the NASDAQ Composite index declined 1.21%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,603 to 1,164 and 80 ended unchanged; on the Nasdaq Stock Exchange, 2,254 fell and 1,058 advanced, while 121 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) AME (KLSE: 5293)
Technical BUY on breakout (RM1.71) with +7.6% potential return
* Last: RM1.70 TP: RM1.79, RM1.84 SL: RM1.63
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) HTPADU (KLSE: 5028)
Technical BUY on breakout (RM3.58) )with +22.7% potential return
* Last: RM2.86 TP: RM3.28, RM3.57 SL: RM2.63
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) IOICORP (KLSE: 1961)
Technical BUY with +6.0% potential return
* Last: RM3.84 TP: RM3.98, RM4.07 SL: RM3.69
* Timeframe: 2 weeks to 2 months
* Shariah: YES

🌐 *Global Market Updates*
*_25th February 2025_*

Indexes
🇺🇸 Dow 43,461.95 ⬆️33.93
🇬🇧 FTSE 8,658.98 ⬇️0.39
🇭🇰 HKSE 23,341.61 ⬇️136.31
🇨🇳 SSE 3,373.03 ⬇️6.09
🇲🇾 KLCI 1,584.25 ⬇️6.78

Energy/Precious Metal
⛽️Crude Oil $70.87⬆️0.47
⛽️Brent Oil $74.36 ⬆️0.31
⚜️ Gold $2,966.00⬆️12.80
🌴 Palm Oil $4,540⬇️19.00

Currency
💵 USD/MYR 4.4125
💴 CNY/MYR 0.6088
💵 SGD/MYR 3.2928

🌐 Global News

🔹The S&P 500 fell Monday, driven by an Nvidia-led decline in fall in tech ahead of earnings from chipmaking giant.

🔹Gold prices climbed, hovering near fresh record peaks seen earlier on Monday as safe haven demand was boosted by increasing uncertainty over a U.S. economic slowdown and trade tariffs.

🔹The dollar was subdued against its currency peers on Monday after the greenback broadly retreated in recent days as investors weighed downbeat U.S. economic data.

Sources
https://uk.investing.com/news/stock-market-news/us-stock-futures-point-higher-after-weekly-loss-on-wall-street-3939838

*🇺🇸US MARKETS FAIL TO BOUNCE*
________

📊📉 *Nasdaq dropped as the AI growth story remains murky* .

🤖🔌💻 *Tech companies dragged down the S&P & Nasdaq* to session losses. 📉

🕰️ *DowJones* 🔺 33 / +0.08%
🕰️ *Nasdaq* 🔻237 / -1.21%
🕰️ *S & P* 🔻 30 / -0.50%

🔌 Palantir extended decline, 🔻-10% at $90.68

💻 *Microsoft lost 1%* , news of slashing 🔌 data center spending.

🤖 *Nvidia also 🔻 -3% ahead of its QR* on Wednesday

👟👚 *Nike 🔺4.9%* ✨ on analysts upgrade 💡

📊Bursa market earnings results (25.2.25)

1️⃣ MPI (3867)
📉 Missed 1HFY25 earnings expectations
Outperform with target price – RM26.75
Last traded price – RM19.62

2️⃣LPI (8621)
📈 Beat FY24 earnings expectations
Outperform with target price – RM16.00
Last traded price – RM13.90

3️⃣CDB (6947)
📈 Beat FY24 earnings expectations
Outperform with target price – RM4.10
Last traded price – RM3.46

4️⃣DIALOG (7277)
📉 Missed 1HFY25 earnings expectations
Market Perform with target price – RM1.94
Last traded price – RM1.64

5️⃣PAVREIT (5212)
📉 Missed FY24 earnings expectations
Outperform with target price – RM1.63
Last traded price – RM1.53

6️⃣F&N (3689)
📈 Beat Q1FY25 earnings expectations
Outperform with target price – RM34.40
Last traded price – RM26.50

7️⃣SUNREIT (5176)
📉 Missed FY24 earnings expectations
Outperform with target price – RM2.07
Last traded price – RM1.89

8️⃣MALAKOF (5264)
📉 Missed FY24 earnings expectations
Market Perform with target price – RM0.80
Last traded price – RM0.845

9️⃣MISC (3816)
📈 Beat FY24 earnings expectations
Market Perform with target price – RM7.78
Last traded price – RM7.31

🔟PCHEM (5183)
📉 Missed FY24 earnings expectations
Outperform with target price – RM5.07
Last traded price – RM3.74

Kenanga Research target prices
*Last traded price based on 24-Feb closing price.

*Trading Stocks today:*

For *Trendspotter*, please click on this link: < https://tinyurl.com/y7wscthk > to view the report.

Or please logon to your account on http://www.cgsi.com.my/ and click on Tab.

*Malaysia*:
*Johor Plantations Group (5323)* (RM1.23): Technical Buy
Targets: RM1.35, RM1.40
Stop: RM1.14

*Aumas Resources (0098)* (RM0.825): Technical Buy
Targets: RM0.875, RM0.93
Stop: RM0.745


*Fundamental Report(s):*

*MISC Bhd* - Merger with BAB could benefit MISC (Maintain Add with a lower TP of RM8.58) https://tinyurl.com/mryzduty

*Inari-Amertron Bhd* - Near-term margin risks from new ventures (Maintain Hold with a lower TP of RM2.20) https://tinyurl.com/5xbuzubt

*Petronas Chemicals Group* - Will the special feedstock discount ever come? (Maintain Hold with a lower TP of RM4.10) https://tinyurl.com/3uxsf8nu

*Sime Darby Bhd* - Results in line, thanks to UMW division (Maintain Add with a TP of RM3.60) https://tinyurl.com/ahxfcfcb

*Transport* - Small negative impact on MISC and Westports (Maintain Neutral) https://tinyurl.com/ye4n2xkv



Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my

*25th Feb 2025*

Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.

Morning!
Here's our #SystematicTrading watchlist for today: KPJ, SDG, SSF, TOPMIX, MCEMENT & more!
Call warrants watchlist: KPJ-C20, SDG-C29
On-going #SystematicTrading list: NIL
[KenTrade Account Opening Click Here!]

M+ Market Update – 25Feb25
More Clarity From Microsoft

The local bourse began the week on a negative note as Microsoft’s statement on softer data center capex spooked the market and dampened sentiment across the local data center themes. Also, Wall Street ended mostly lower ahead of Nvidia's earnings report, coupled with softer economic data pointing to weakened consumer demand. We expect Wall Street to trade in a volatile manner as Hong Kong futures are down, while cryptocurrency like Bitcoin has turned weaker at the time of writing. This week, traders will monitor (i) US Consumer Confidence, (ii) Prelim GDP QoQ, (iii) Unemployment Claims, and (iv) the Monthly Core PCE Price Index. In the commodities market, Brent Crude traded around USD74 per barrel. Meanwhile, Gold surged towards the USD2,950 level, while CPO hovered around RM4,500.

Sector Focus: We see opportunities to accumulate in the Construction and Retail sectors, given their oversold conditions, a solid outlook, and steady earnings reports from 99 Speedmart. Despite recent sell offs, we believe traders may look out for bargain hunting activities as Microsoft’s core strategy remains intact for its data center strategy and their 10-year outlook for cloud and AI. Meanwhile, we opine that selected Healthcare and Technology stocks like KPJ and ITMAX will be decent for long-term investment.

Stocks to watch:

Consumer: *DXN*, TEOSENG
Technology: *EG*, ITMAX
Property: EXSIMHB, GDB
Gaming: *GENM*
Healthcare: *KPJ*
Plantation: TSH

Source: M+

Sime Darby, 99 Speed Mart, UOA Development, CTOS Digital, Supermax, MSM Malaysia, Bintulu Port, RCE Capital, Kawan Food, Innoprise Plantations, Master Tec, HeiTech Padu, Nestcon
https://theedgemalaysia.com/node/745676

S&P 500, Nasdaq drop in uneven trade with Nvidia results in focus
https://theedgemalaysia.com/node/745667

M+ Morning Market Buzz - 25Feb25

Dow Jones: 43,461.21 pts (+33.19pts, +0.08%)
⬆️ Resistance: 45600
⬇️ Support: 42500

FBM KLCI: 1,584.25 pts (-6.78pts, -0.43%)
⬆️ Resistance: 1630
⬇️ Support: 1550

HSI Index: 23,341.61 pts (-136.31pts, -0.58%)
⬆️ Resistance: 24200
⬇️ Support: 22000

Crude Palm Oil: RM4,559 (-RM19, -0.42%)
⬆️ Resistance: 4820
⬇️ Support: 4400

Brent Oil: $74.43 (+$0.37, +0.50%)
⬆️ Resistance: 78.70
⬇️ Support: 72.70

Gold: $2,936.05 (+$16.59, +0.57%)
⬆️ Resistance: 3020
⬇️ Support: 2840

Source: Bloomberg, M+

Overnight Global Futures Lead
📆 25 Feb 2025
Commentary
(1) FKLI
The domestic market was affected by Wall Street's poor performance last Friday due to concerns that rising trade tariffs may increase inflation and slow economic development. Nevertheless, given the region's strong market performance, there is still hope that international investments are returning.

(2) U.S. Stock Index Futures
As investors awaited findings from chip giant Nvidia for hints on the future of demand for artificial intelligence (AI) technology, the S&P 500 and the Nasdaq gave up early gains and fell in turbulent trading on Monday.

(3) FCPO
Due to weaker soybean oil performance and decreased demand, FCPO closed lower. The tone of the market was further lowered by profit-taking actions that followed the recent local market rise.

(4) COMEX Gold
Amid worries over U.S. President Donald Trump's tariff proposals, demand for safe haven assets propelled gold prices to a new high on Monday. Inflows into the world's leading gold-backed exchange-traded fund also provided support.

(5) Crude Oil
As investors awaited clarity on negotiations to end Russia's conflict on Ukraine, oil prices in Asia fell Monday, continuing losses from the previous week, on the possibility of a return to shipments from Kurdistan's oilfields.

#AffinHwangIBDailyBoost#Futures#AffinHwang#eInvest

25-February-2025

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