Top Stories
Strategy | Alpha Picks: A Barbell Portfolio For Defensive And Opportunistic Alphas
Our Jul 26 Alpha Picks outperformed the FBMKLCI at +4.9%. For Aug 26, we continue to advocate a barbell investment strategy, combining resilient defensive names capable of weathering a prolonged higher-for-longer cost environment and heightened geopolitical uncertainties stemming from the Middle East, with selective exposure to cyclical opportunities where improving fundamentals are beginning to translate into a more compelling risk-reward profile. Aug 26 picks include CIMB, Dialog, Gamuda, MRDIY, Northeast, Petronas Dagangan, Oxford, SD Guthrie, Solarvest, and Tenaga.
What’s Inside
Company Update | Malayan Banking (MAY MK/HOLD/RM10.84/Target: RM11.58)
Maybank Group announced that it will acquire the remaining stake of 30.85% in its insurance joint venture for RM4.83b. The acquisition is marginally accretive to group earnings by 1.6%. Maintain HOLD; target price: RM11.58.
Company Update | Press Metal Aluminium Holdings (PMAH MK/BUY/RM7.95/Target: RM10.67)
Securing strategic control at an attractive valuation.
Market Spotlight
- The FBMKLCI extended its gains yesterday by 0.83pt (+0.05%) to 1,725.73.
- US stocks were higher after the close on Monday, as gains in the technology, industrials and consumer services sectors led shares higher.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
CPE Technology | CPETECH MK
Trading Buy Range: RM1.05-1.10
Empire Premium Food | EMPIRE MK
Trading Buy Range: RM1.06-1.07
Lac Med | LACMED MK
Trading Buy Range: RM0.75-0.77
Top Stories
Strategy | Alpha Picks: A Barbell Portfolio For Defensive And Opportunistic Alphas
Our Jul 26 Alpha Picks outperformed the FBMKLCI at +4.9%. For Aug 26, we continue to advocate a barbell investment strategy, combining resilient defensive names capable of weathering a prolonged higher-for-longer cost environment and heightened geopolitical uncertainties stemming from the Middle East, with selective exposure to cyclical opportunities where improving fundamentals are beginning to translate into a more compelling risk-reward profile. Aug 26 picks include CIMB, Dialog, Gamuda, MRDIY, Northeast, Petronas Dagangan, Oxford, SD Guthrie, Solarvest, and Tenaga.
What’s Inside
Company Update | Malayan Banking (MAY MK/HOLD/RM10.84/Target: RM11.58)
Maybank Group announced that it will acquire the remaining stake of 30.85% in its insurance joint venture for RM4.83b. The acquisition is marginally accretive to group earnings by 1.6%. Maintain HOLD; target price: RM11.58.
Company Update | Press Metal Aluminium Holdings (PMAH MK/BUY/RM7.95/Target: RM10.67)
Securing strategic control at an attractive valuation.
Market Spotlight
- The FBMKLCI extended its gains yesterday by 0.83pt (+0.05%) to 1,725.73.
- US stocks were higher after the close on Monday, as gains in the technology, industrials and consumer services sectors led shares higher.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
CPE Technology | CPETECH MK
Trading Buy Range: RM1.05-1.10
Empire Premium Food | EMPIRE MK
Trading Buy Range: RM1.06-1.07
Lac Med | LACMED MK
Trading Buy Range: RM0.75-0.77
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