Malaysia Retail Research: Comprehensive Analysis of Listed Companies

Date: November 8, 2024

Broker: CGS International

Overview

Stocks have been on a remarkable rally, hitting fresh all-time highs alongside bonds and commodities. The Federal Reserve’s recent rate cut has further propelled equities, with the S&P 500 nearing the 6,000 mark. In this comprehensive analysis, we delve into the performance and technical analysis of several listed companies, offering insights and potential investment opportunities.

KPJ Healthcare Berhad (5878) – Technical Buy

Last Price: RM2.15

Entry Prices: RM2.10-2.15

Support Levels: RM2.10, RM2.04

Stop Loss: RM2.03

Resistance Levels: RM2.20, RM2.26

Target: RM2.26, RM2.30

KPJ Healthcare Berhad is an investment holding company that operates specialist medical centers, provides pathology and laboratory services, hospital management services, and drug and medical distribution through its subsidiaries. The stock has formed a white candle, closing at a 7-week high, signaling potential bullish momentum. The Moving Average Convergence Divergence (MACD) is about to reconfirm its golden cross, while the Relative Strength Index (RSI) indicates increasing buyer momentum. Aggressive traders may consider going long with a stop-loss set at RM2.03, aiming for targets at RM2.26 and RM2.30.

Southern Score Builders Berhad (0045) – Technical Buy

Last Price: RM0.545

Entry Prices: RM0.52-0.545

Support Levels: RM0.500, RM0.475

Stop Loss: RM0.47

Resistance Levels: RM0.595, RM0.640

Target: RM0.595, RM0.64

Southern Score Builders Berhad specializes in construction management, focusing on real estate construction and civil works such as road and drainage, water reticulation, and sewerage works. Recently, the stock fell through the support of its 3-month long triangle but quickly recovered. The breakout above its 50-day EMA suggests a resumption of the longer-term uptrend. Strengthening MACD and RSI indicate rising buying momentum. Traders may go long with a stop-loss at RM0.47, targeting RM0.595 and RM0.64.

Actively Managed Portfolio

This medium-term investment portfolio recommends stocks purely based on technical analysis, with a focus on trend-following strategies. The portfolio aims to let profits run and cut losses short, with a maximum trading period of 1 to 6 months. Notable stocks in the portfolio include:

Karex Berhad

Weighting: 8%

Entry Price: RM0.865

Current Price: RM0.850

Stop Loss: RM0.775

Target: RM0.895/0.96

Position: BUY

Profit/Loss: -1.7%

ITMAX System

Weighting: 8%

Entry Price: RM3.570

Current Price: RM3.550

Stop Loss: RM3.320

Target: RM3.86/4.00

Position: BUY

Profit/Loss: -0.6%

Ta Ann Holdings

Weighting: 7%

Entry Price: RM4.180

Current Price: RM4.450

Stop Loss: RM3.790

Target: RM4.38/4.51/4.73

Position: BUY

Profit/Loss: +6.5%

Binastra Corp

Weighting: 6%

Entry Price: RM1.480

Current Price: RM1.510

Stop Loss: RM1.340

Target: RM1.61/1.65

Position: BUY

Profit/Loss: +2.0%

Top Glove Corp

Weighting: 7%

Entry Price: RM1.050

Current Price: RM1.120

Stop Loss: RM0.960

Target: RM1.14/1.21

Position: BUY

Profit/Loss: +6.7%

PGF Capital

Weighting: 7%

Entry Price: RM2.110

Current Price: RM2.210

Stop Loss: RM1.970

Target: RM2.25/2.40

Position: BUY

Profit/Loss: +4.7%

Optimax Holdings

Weighting: 6%

Entry Price: RM0.695

Current Price: RM0.650

Stop Loss: RM0.630

Target: RM0.77/0.795

Position: BUY

Profit/Loss: -6.5%

Innoprise Plantations

Weighting: 9%

Entry Price: RM1.570

Current Price: RM1.700

Stop Loss: RM1.480

Target: RM1.69/1.76

Position: BUY

Profit/Loss: +8.3%

AirAsia X

Weighting: 7%

Entry Price: RM1.990

Current Price: RM1.870

Stop Loss: RM1.790

Target: RM2.06/2.20

Position: BUY

Profit/Loss: -6.0%

MKH Oil Palm

Weighting: 7%

Entry Price: RM0.640

Current Price: RM0.665

Stop Loss: RM0.590

Target: RM0.675/0.70

Position: BUY

Profit/Loss: +3.9%

Critical Holdings

Weighting: 6%

Entry Price: RM1.130

Current Price: RM1.130

Stop Loss: RM0.995

Target: RM1.23/1.35

Position: BUY

Profit/Loss: 0.0%

Portfolio Summary

Cumulative Dividend: RM11,881.30

Cumulative Realised Gains/Profits: RM239,702.78

Cash Balance + Cumulative Dividend: RM292,362.58

Portfolio Value: RM1,265,373.58

Portfolio Return: +26.5%

KLCI YTD Return: +11.6%

FBMKLCI Index – Technical View

Last Price: 1,623.28

Support Levels: 1,614, 1,598

Resistance Levels: 1,649, 1,675

The FBMKLCI index retreated, forming a bearish engulfing pattern and reversing the previous day’s gains. The index is now back into the 1,614-1,624 support range. Further selling could test the 200-day EMA at 1,592. The double resistance at the 50-day EMA and the resistance trend line from the 1,675 swing high may keep short-term gains in check. The portfolio will revert to risk-on mode if the index closes above 1,629 today.

2024 IPO Tracker

Here’s a look at some notable IPOs in 2024:

KJTS Group

Sector: Industrial Products & Services

Board: Ace

IPO Date: 26-Jan-24

IPO Price: RM0.27

Market Cap at IPO: RM186m

Shariah: Yes

Last Price: RM0.690

Daily % Change: 0.0%

Intraday High at IPO: RM0.500

% Change: +38.0%

YTD % Change: +155.6%

Master Tec Group

Sector: Industrial Products & Services

Board: Ace

IPO Date: 29-Jan-24

IPO Price: RM0.39

Market Cap at IPO: RM398m

Shariah: Yes

Last Price: RM1.200

Daily % Change: +0.8%

Intraday High at IPO: RM0.400

% Change: +200.0%

YTD % Change: +207.7%

HE Group

Sector: Industrial Products & Services

Board: Ace

IPO Date: 30-Jan-24

IPO Price: RM0.28

Market Cap at IPO: RM123m

Shariah: Yes

Last Price: RM0.555

Daily % Change: 0.0%

Intraday High at IPO: RM0.450

% Change: +23.3%

YTD % Change: +98.2%

TSA Group

Sector: Industrial Products & Services

Board: Ace

IPO Date: 2-Feb-24

IPO Price: RM0.55

Market Cap at IPO: RM170m

Shariah: Yes

Last Price: RM0.775

Daily % Change: -2.5%

Intraday High at IPO: RM0.625

% Change: +24.0%

YTD % Change: +40.9%

Wentel Engineering Holdings

Sector: Industrial Products & Services

Board: Ace

IPO Date: 6-Feb-24

IPO Price: RM0.26

Market Cap at IPO: RM299m

Shariah: Yes

Last Price: RM0.300

Daily % Change: 0.0%

Intraday High at IPO: RM0.290

% Change: +3.4%

YTD % Change: +15.4%

AGX Group

Sector: Transportation & Logistics

Board: Ace

IPO Date: 7-Feb-24

IPO Price: RM0.35

Market Cap at IPO: RM151m

Shariah: Yes

Last Price: RM0.535

Daily % Change: -0.9%

Intraday High at IPO: RM0.425

% Change: +25.9%

YTD % Change: +52.9%

Alpha IVF Group

Sector: Healthcare

Board: Ace

IPO Date: 22-Mar-24

IPO Price: RM0.32

Market Cap at IPO: RM1555m

Shariah: No

Last Price: RM0.350

Daily % Change: +1.4%

Intraday High at IPO: RM0.325

% Change: +7.7%

YTD % Change: +9.4%

Prolintas Infra Business Trust

Sector: Business Trust

Board: Main

IPO Date: 25-Mar-24

IPO Price: RM0.95

Market Cap at IPO: RM1045m

Shariah: Yes

Last Price: RM0.940

Daily % Change: 0.0%

Intraday High at IPO: RM0.990

% Change: -5.1%

YTD % Change: -1.1%

Zantat Holdings

Sector: Industrial Products & Services

Board: Ace

IPO Date: 27-Mar-24

IPO Price: RM0.25

Market Cap at IPO: RM70m

Shariah: Yes

Last Price: RM0.335

Daily % Change: -1.5%

Intraday High at IPO: RM0.420

% Change: -20.2%

YTD % Change: