Market Overview

In the wake of Donald Trump winning a second term in the White House, investors globally have reacted with significant market movements. The S&P 500 surged by 2.5%, driven by expectations of pro-growth policies. Small caps rallied by 5.8%, while the Dow Jones Transportation Average hit fresh highs. Treasury yields climbed, and the dollar saw its best day since 2022.

Asian equities are set to climb, with Australian stocks and Japanese futures contracts echoing Wall Street’s gains. This backdrop sets the stage for a detailed analysis of key Malaysian companies poised for growth.

Critical Holdings (0291) – Technical Buy

Last Price: 1.13

Entry Price: 1.07-1.13

Support Levels: 1.00, 0.955

Stop Loss: 0.995

Resistance Levels: 1.23, 1.35

Target: 1.23, 1.35

Company Overview

Critical Holdings Berhad operates as a holding company, providing engineering solutions related to design and build construction, project management, supply, installation, and testing of MEP systems. The company also focuses on the redevelopment, refurbishment, and upgrading of critical facilities, serving customers in Malaysia.

Technical Analysis

The stock recently completed a 3-week long triangle consolidation and saw a strong breakout, forming a white Marubozu candle underpinned by higher trading volume. The Moving Average Convergence Divergence (MACD) has reconfirmed its golden cross, while the Relative Strength Index (RSI) has strengthened, indicating rising buying momentum.

Aggressive traders may want to go long with a stop-loss set at RM0.995. On the upside, prices may push to retest its all-time high at RM1.23, followed by the Fibonacci target at RM1.35.

V.S. Industry (6963) – Technical Buy

Last Price: 1.09

Entry Price: 1.04-1.09

Support Levels: 1.01, 0.945

Stop Loss: 0.995

Resistance Levels: 1.17, 1.26

Target: 1.17, 1.26

Company Overview

V.S. Industry Berhad manufactures and assembles plastic molded and electronic parts and components, such as speakers and remote controls. The company also markets, distributes, and sells plastic household products and operates a palm oil plantation.

Technical Analysis

The stock has been forming a 3-month long triangle consolidation since hitting its 52-week high in July. Yesterday’s higher trading volume saw prices test the resistance line, with the bulls attempting to break out of the consolidation pattern. The rising EMAs support the bullish sentiment.

Both the MACD and RSI have strengthened, indicating rising buying momentum. Aggressive traders may want to go long with a stop-loss set at RM0.995. On the upside, prices may look to test the historical resistances at RM1.17 and RM1.26.

Actively Managed Portfolio

Existing Stocks

Karex: Entry Price: 0.865, Current Price: 0.860, Stop Loss: 0.775, Target: 0.895/0.96, Profit/Loss: -0.6%

ITMAX System: Entry Price: 3.570, Current Price: 3.430, Stop Loss: 3.320, Target: 3.86/4.00, Profit/Loss: -3.9%

Ta Ann Holdings: Entry Price: 4.180, Current Price: 4.410, Stop Loss: 3.790, Target: 4.38/4.51/4.73, Profit/Loss: 5.5%

Binastra Corp: Entry Price: 1.480, Current Price: 1.480, Stop Loss: 1.340, Target: 1.61/1.65, Profit/Loss: 0.0%

Top Glove Corp: Entry Price: 1.050, Current Price: 1.160, Stop Loss: 0.960, Target: 1.14/1.21, Profit/Loss: 10.5%

PGF Capital: Entry Price: 2.110, Current Price: 2.200, Stop Loss: 1.970, Target: 2.25/2.40, Profit/Loss: 4.3%

Optimax Holdings: Entry Price: 0.695, Current Price: 0.650, Stop Loss: 0.630, Target: 0.77/0.795, Profit/Loss: -6.5%

Innoprise Plantations: Entry Price: 1.570, Current Price: 1.680, Stop Loss: 1.480, Target: 1.69/1.76, Profit/Loss: 7.0%

AirAsia X: Entry Price: 1.990, Current Price: 1.910, Stop Loss: 1.790, Target: 2.06/2.20, Profit/Loss: -4.0%

MKH Oil Palm: Entry Price: 0.640, Current Price: 0.645, Stop Loss: 0.590, Target: 0.675/0.70, Profit/Loss: 0.8%

New Purchase – Critical Holdings: Entry Price: 1.130, Current Price: 1.130, Stop Loss: 0.995, Target: 1.23/1.35, Profit/Loss: 0.0%

Portfolio Performance

The portfolio has a cumulative dividend of RM11,881.30 and cumulative realized gains/profits of RM239,702.78. The cash balance plus cumulative dividend stands at RM292,362.58, bringing the portfolio value to RM1,261,686.58, reflecting a 26.2% increase.

Market Breadth and Indices

FBMKLCI Index – Technical View

Last Price: 1,634.17

Support Levels: 1,614, 1,598

Resistance Levels: 1,649, 1,675

The local benchmark FBMKLCI jumped 13.47 points or 0.83% to end the day at 1,634.17. Buying interest emerged in technology, construction, and healthcare sectors, while energy, REIT, and plantation sectors lagged. The benchmark formed a white bullish candle, indicating resumed buying momentum that could push the index to retest the 1,649 high followed by the 1,658 resistance. However, a reversal may see the index ease into the 1,614-1,624 support range.

2024 IPO Tracker

New IPOs have shown varied performance, with notable gainers and laggards. Here is a comprehensive look at some key IPOs of 2024:

• KJTS Group: Last Price: 0.690, YTD Change: +155.6%, Industrial Products & Services
• Master Tec Group: Last Price: 1.190, YTD Change: +205.1%, Industrial Products & Services
• HE Group: Last Price: 0.555, YTD Change: +98.2%, Industrial Products & Services
• TSA Group: Last Price: 0.795, YTD Change: +44.5%, Industrial Products & Services
• Wentel Engineering Holdings: Last Price: 0.300, YTD Change: +15.4%, Industrial Products & Services
• AGX Group: Last Price: 0.540, YTD Change: +54.3%, Transportation & Logistics
• Alpha IVF Group: Last Price: 0.345, YTD Change: +7.8%, Healthcare
• Prolintas Infra Business Trust: Last Price: 0.940, YTD Change: -1.1%, Business Trust
• Zantat Holdings: Last Price: 0.340, YTD Change: +36.0%, Industrial Products & Services
• SBH Marine Holdings: Last Price: 0.250, YTD Change: +13.6%, Consumer Products
• Keyfield International: Last Price: 2.140, YTD Change: +137.8%, Energy
• Topmix: Last Price: 0.500, YTD Change: +61.3%, Industrial Products & Services
• MKH Oil Palm (East Kalimantan): Last Price: 0.645, YTD Change: +4.0%, Plantation
• Farm Price Holdings: Last Price: 0.535, YTD Change: +122.9%, Consumer Products
• Sin-Kung Logistics: Last Price: 0.185, YTD Change: +42.3%, Transportation & Logistics
• Feytech Holdings: Last Price: 0.650, YTD Change: -18.8%, Industrial Products & Services
• Smart Asia Chemical: Last Price: 0.255, YTD Change: -36.3%, Industrial Products & Services
• Kawan Renergy: Last Price: 0.555, YTD Change: +85.0%, Industrial Products & Services
• KTI Landmark: Last Price: 0.315, YTD Change: +5.0%, Property
• Agricore CS Holdings: Last Price: 0.500, YTD Change: +0.0%, Consumer Products
• UUE Holdings: Last Price: 0.745, YTD Change: +210.4%, Industrial Products & Services
• Go Hub Capital: Last Price: 1.000, YTD Change: +185.7%, Technology
• Ocean Fresh: Last Price: 0.325, YTD Change: +16.1%, Consumer Products
• Johor Plantations Group: Last Price: 1.300, YTD Change: +54.8%, Plantation
• BWYS Group: Last Price: 0.250, YTD Change: +13.6%, Industrial Products & Services
• Well Chip Group: Last Price: 1.420, YTD Change: +23.5%, Consumer Products
• Kucingko: Last Price: 0.340, YTD Change: +13.3%, Telecommunications & Media
• Sik Cheong: Last Price: 0.235, YTD Change: -13.0%, Consumer Products
• Elridge Energy Holdings: Last Price: 0.435, YTD Change: +50.0%, Industrial Products & Services
• EPB Group: Last Price: 0.575, YTD Change: +2.7%, Industrial Products & Services
• VETECE Holdings: Last Price: 0.465, YTD Change: +86.0%, Technology
• Steel Hawk Holdings: Last Price: 0.375, YTD Change: +150.0%, Energy
• 99 Speed Mart Retail Holdings: Last Price: 2.360, YTD Change: +43.0%, Consumer Products
• Solar District Cooling Group: Last Price: 0.525, YTD Change: +38.2%, Industrial Products & Services
• KHPT Holdings: Last Price: 0.205, YTD Change: +2.5%, Industrial Products & Services
• Crest Group: Last Price: 0.350, YTD Change: +0.0%, Industrial Products & Services
• Northeast Group: Last Price: 0.710, YTD Change: +42.0%, Industrial Products & Services
• Sorento Capital: Last Price: 0.415, YTD Change: +12.2%, Consumer Products
• OB Holdings: Last Price: 0.260, YTD Change: +8.3%, Consumer Products
• 3Ren: Last Price: 0.395, YTD Change: +41.1%, Technology

Commodities and Indices

Indices Performance

• Dow Jones: 43,729.93, YTD Change: +16.0%
• S&P 500: 5,929.04, YTD Change: +24.3%
• Nasdaq: 18,983.46, YTD Change: +26.5%
• Euro Stoxx 50: 4,800.63, YTD Change: +6.2%
• Germany’s DAX: 19,039.31, YTD Change: +13.7%
• UK’s FTSE 100: 8,166.68, YTD Change: +5.6%
• Japan’s Nikkei-225: 39,480.67, YTD Change: +18.0%
• Shanghai SE Composite: 3,383.81, YTD Change: +13.7%
• Hong Kong’s Hang Seng: 20,538.38, YTD Change: +20.5%
• Australia’s ASX 200: 8,199.55, YTD Change: +8.0%
• India’s BSE Sensex 30: 80,378.13, YTD Change: +11.3%
• Singapore’s Straits Times: 3,602.99, YTD Change: +11.2%
• Taiwan TAIEX: 23,217.38, YTD Change: +29.5%
• Korea’s KOSPI: 2,563.51, YTD Change: -3.5%
• Malaysia’s FBMKLCI: 1,634.17, YTD Change: +12.3%
• Indonesia’s JCI: 7,383.87, YTD Change: +1.5%
• Thailand’s SET: 1,467.42, YTD Change: +3.6%
• Philippines’ PCOMP: 7,165.42, YTD Change: +11.1%