Comprehensive Analysis of Malaysian Listed Companies
Comprehensive Analysis of Malaysian Listed Companies
Broker: CGS International
Date: November 1, 2024
Market Overview
This report provides an in-depth analysis of various Malaysian listed companies, highlighting their performance, market trends, and investment potential. The analysis is based on technical indicators, market data, and company-specific developments.
PLYTEC Holding (0289) – Technical Buy
Last Price: 0.36
PLYTEC Holding operates as a holding company specializing in digital design, production planning, and engineering solutions, including the trading and distribution of general building materials for construction use.
The stock has been performing well, forming a long white candle on higher trading volume, and closing at a 3-month high after its triangle breakout two weeks ago. The uptrend stays intact, supported by improving EMAs. The MACD and RSI indicators suggest rising buying momentum.
Entry Price(s): 0.335-0.36
Support Levels: 0.325, 0.30
Stop Loss: 0.32
Resistance Levels: 0.385, 0.41
Target: 0.385, 0.41
Kim Loong Resources (5027) – Technical Buy
Last Price: 2.43
Kim Loong Resources Bhd is an investment holding company involved in the cultivation of oil palm and cocoa. The company also manufactures concrete culverts, processes and markets oil palm products, and produces compost fertilizers.
The stock has been consolidating in a triangle pattern for the past 3 months. Recent trading activity indicates a potential breakout, supported by a higher trading volume and a bounce off the 20-day EMA. The MACD has confirmed its golden cross, and the RSI indicates rising buying momentum.
Entry Price(s): 2.40-2.43
Support Levels: 2.25, 2.18
Stop Loss: 2.24
Resistance Levels: 2.60, 2.70
Target: 2.60, 2.70
Gamuda (Maintain Add with a TP of RM10.00)
Gamuda Berhad has recently secured a high-margin data center (DC) project in Cyberjaya, contributing to 8% of its total order book from three clients. With ample capacity at its IBS plants, Gamuda is positioned to exceed the higher end of its CY24 order book guidance.
Recommendation: Maintain Add
Target Price: RM10.00
Monthly Wrap for October 2024
This section provides a summary of market activities and key developments in October 2024, highlighting trends in various sectors and the overall market performance.
Frencken Group Ltd (Maintain Add with a lower TP of S\$1.55)
Frencken Group has experienced negative read-throughs from key customers, prompting a lower target price.
Recommendation: Maintain Add
Target Price: S\$1.55
Coal Mining (Upgrade to Neutral)
The coal mining sector has been upgraded to Neutral, driven by heightened geopolitical risks that have propped up the sector.
Recommendation: Neutral
Actively Managed Portfolio
The actively managed portfolio is a medium-term investment product based purely on technical analysis. It focuses on trend-following strategies, with a maximum trading period of 1 to 6 months. The portfolio is designed for investors who have limited time to monitor the stock market daily.
Initial Capital: RM1,000,000
Portfolio Value: RM1,250,944.58
KLCI YTD Return: 10.3%
Portfolio Monitor
| Stock |
Weighting |
Shares |
Entry Price |
Current Price |
Total Cost |
Market Value |
Stop Loss |
Target |
Position |
Dividend |
Profit/Loss |
Profit/Loss % |
| Three-A Resources |
7% |
107,500 |
0.930 |
0.860 |
99,975.00 |
92,450.00 |
0.850 |
0.975/1.00/1.13 |
BUY |
2,150.00 |
(7,525.00) |
-7.5% |
| Gamuda |
8% |
12,200 |
8.150 |
8.480 |
99,430.00 |
103,456.00 |
7.400 |
8.74/9.00 |
BUY |
– |
4,026.00 |
4.0% |
| Karex |
8% |
115,600 |
0.865 |
0.845 |
99,994.00 |
97,682.00 |
0.775 |
0.895/0.96 |
BUY |
– |
(2,312.00) |
-2.3% |
| ITMAX System |
8% |
28,000 |
3.570 |
3.510 |
99,960.00 |
98,280.00 |
3.320 |
3.86/4.00 |
BUY |
– |
(1,680.00) |
-1.7% |
| Ta Ann Holdings |
7% |
19,100 |
4.180 |
4.400 |
79,838.00 |
84,040.00 |
3.790 |
4.38/4.51/4.73 |
BUY |
– |
4,202.00 |
5.3% |
| Binastra Corp |
6% |
54,000 |
1.480 |
1.480 |
79,920.00 |
79,920.00 |
1.340 |
1.61/1.65 |
BUY |
– |
– |
0.0% |
| Top Glove Corp |
7% |
76,100 |
1.050 |
1.070 |
79,905.00 |
81,427.00 |
0.960 |
1.14/1.21 |
BUY |
– |
1,522.00 |
1.9% |
| PGF Capital |
7% |
37,900 |
2.110 |
2.230 |
79,969.00 |
84,517.00 |
1.970 |
2.25/2.40 |
BUY |
– |
4,548.00 |
5.7% |
| Optimax Holdings |
6% |
115,100 |
0.695 |
0.660 |
79,994.50 |
75,966.00 |
0.630 |
0.77/0.795 |
BUY |
– |
(4,028.50) |
-5.0% |
| Innoprise Plantations |
9% |
63,600 |
1.570 |
1.710 |
99,852.00 |
108,756.00 |
1.480 |
1.69/1.76 |
BUY |
– |
8,904.00 |
8.9% |
| AirAsia X |
7% |
50,200 |
1.990 |
1.860 |
99,898.00 |
93,372.00 |
1.790 |
2.06/2.20 |
BUY |
– |
(6,526.00) |
-6.5% |
Cumulative Dividend: 11,881.30
Cumulative Realised Gains/Profits: 237,932.78
Cash Balance + Cumulative Dividend: 251,078.58
Monthly Market Summary
The local benchmark FBMKLCI (KLCI) recovered slightly, ending the day at 1,603.98. Despite a week-on-week drop of 14.32 points or 0.88%, the index saw gains in the plantation, utilities, and healthcare sectors. However, it experienced losses in construction, technology, and financial services sectors. The trading volume and value both saw a decline, with market breadth staying negative for the sixth consecutive session.
The benchmark rebounded and formed a white candle after testing the 200-day EMA and the 1,593-1,598 support. Any follow-through buying may send the KLCI up to retest the 1,614-1,624 support-turned-resistance level. On the downside, closing below the 200-day EMA (1,591) may draw prices lower to the 1,581 support next.
2024 IPO Tracker
This section tracks the performance of newly listed companies in 2024. The table below summarizes their performance:
| Stock |
Last (RM) |
Daily % Chg |
Intraday High at IPO (RM) |
% Chg* |
Ytd % Chg |
Sector |
Board |
Listing Date |
IPO Price (RM) |
Market Cap at IPO (RM) |
Shariah |
| KJTS Group |
0.695 |
+0.7% |
0.500 |
+39.0% |
+157.4% |
Industrial Products & Services |
Ace |
26-Jan-24 |
0.27 |
186m |
Y |
| Master Tec Group |
1.110 |
+0.9% |
0.400 |
+177.5% |
+184.6% |
Industrial Products & Services |
Ace |
29-Jan-24 |
0.39 |
398m |
Y |
| HE Group |
0.550 |
-3.5% |
0.450 |
+22.2% |
+96.4% |
Industrial Products & Services |
Ace |
30-Jan-24 |
0.28 |
123m |
Y |
| TSA Group |
0.800 |
+0.6% |
0.625 |
+28.0% |
+45.5% |
Industrial Products & Services |
Ace |
2-Feb-24 |
0.55 |
170m |
Y |
| Wentel Engineering Holdings |
0.280 |
-1.8% |
0.290 |
-3.4% |
+7.7% |
Industrial Products & Services |
Ace |
6-Feb-24 |
0.26 |
299m |
Y |
| AGX Group |
0.540 |
+5.9% |
0.425 |
+27.1% |
+54.3% |
Transportation & Logistics |
Ace |
7-Feb-24 |
0.35 |
151m |
Y |
| Alpha IVF Group |
0.350 |
+1.4% |
0.325 |
+7.7% |
+9.
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