Thursday, April 3rd, 2025

Malaysia Stock Market Outlook: Key Trends and Top Picks for December 2024







Comprehensive Financial Insights and Analysis of Malaysian Companies – CGS International Report

Comprehensive Financial Insights and Analysis of Malaysian Companies

Date: December 6, 2024 | Broker: CGS International

Pekat Group (0233) – A Technical Buy Opportunity

Pekat Group Berhad, a renowned provider of renewable energy solutions, has been spotlighted as a potential technical buy in this report. The company offers innovative solar panel solutions, lightning protection, earthing systems, and comprehensive renewable energy systems, primarily serving the Malaysian market. As of the latest trading session, the stock price stands at 0.945, with analysts suggesting an entry price range of 0.905 to 0.945. With support levels identified at 0.865 and 0.82, a stop-loss is advised at 0.86. The resistance thresholds are pegged at 1.00 and 1.06, with a target range of 1.00 to 1.06.

The report highlights a promising breakout above a 4-month long triangle pattern, suggesting the onset of a new uptrend. Strengthening indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) imply that buyer strength is on the rise. Aggressive traders are encouraged to consider long positions, keeping a vigilant eye on the stop-loss set at RM0.86.

Tex Cycle Technology Malaysia (0089) – Anticipating Further Upside

Tex Cycle Technology Malaysia Bhd is an investment holding entity specializing in the collection and safe disposal of soiled rags, wipes, and gloves from various industries including electronics, engineering, and automotive, among others. The stock’s last recorded price is 1.15, with an advised entry range between 1.10 to 1.15. Support levels are at 1.04 and 0.975, while a stop-loss is recommended at 1.03. The resistance levels are identified at 1.22 and 1.28, with targets set accordingly.

Recent trading sessions have showcased a strong close above all EMAs, supporting a wedge breakout that occurred earlier. With increasing trading volumes and strengthening MACD and RSI, the bulls appear to be gaining significant momentum. The report suggests that aggressive traders might consider going long, setting a stop-loss slightly below the 20-day EMA at RM1.03.

Actively Managed Portfolio and Market Overview

The Actively Managed Portfolio, designed for medium-term investments, emphasizes a strategy of letting profits run and cutting losses short. The portfolio has remained in a risk-off mode this week, with a final issue for the year scheduled for December 13. The portfolio will reset to RM1 million at the start of the next year.

In terms of broader market trends, the FBMKLCI Index showed a slight uptick to 1,615.64, testing its resistance levels. The report underscores the importance of the index remaining above the 200-day EMA and recent double bottom lows to maintain bullish prospects.

IPO Tracker and Market Movements

The IPO landscape in Malaysia has seen significant activity, with notable performances from companies such as KJTS Group, Master Tec Group, and HE Group, among others. The report provides a detailed tracker of the latest IPOs, highlighting percentage changes and market capitalization.

Global market indices and commodities are also covered, providing a snapshot of current trends and year-to-date changes. For instance, the Dow Jones and S&P 500 have experienced fluctuations, while commodities like gold and cocoa have shown significant year-to-date gains.

This detailed financial analysis and market insight are brought to you by CGS International, offering a comprehensive overview of key market movements and stock recommendations for the discerning investor.


Bullish Momentum Expected for Sembcorp Industries Limited with Potential Price Upside

Date of Report: 08 October 2024Broker Name: Lim & Tan Securities Technical Analysis and Price Forecast As of 08 October 2024, the price direction for Sembcorp Industries Limited is forecasted to be bullish in...

Stoneweg European REIT Secures S&P’s “BBB-” Rating with Stable Outlook: A Testament to Resilience and Strategic Focus

S&P Global Ratings has assigned Stoneweg European REIT (SERT) an investment-grade “BBB-” long-term issuer credit rating with a “stable outlook,” citing the REIT’s robust portfolio quality, strong cash flow visibility, and proactive management strategies....

Bank Syariah Indonesia Reports Strong 22% Profit Growth in 2024, Upgrades Earnings Forecast

Comprehensive Financial Analysis: Bank Syariah Indonesia, Bank Central Asia, Astra International In-Depth Financial Analysis: Bank Syariah Indonesia, Bank Central Asia, and Astra International Broker Name: PT UOB Kay Hian Sekuritas Date of Report: Monday,...