Key Indices
Top Stories
Sector Update | Property
- Developers generally maintained their full-year sales targets despite having to push back several launches. Meanwhile, commercial and industrial products were a bright spot during the quarter. We remain positive on industrial and DC demand, particularly for established developers with strong execution capabilities and strategically located landbanks. Maintain OVERWEIGHT on the sector’s palatable valuations at 0.85x 12-month forward P/B (+0.5SD above mean). Our top picks are EcoWorld and Mah Sing Group.
Market Spotlight
- The FBMKLCI added 6.69pt to close at 1,714.79 yesterday amid profit-taking across the board.
- US market closed for public holiday.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Pecca Group | PECCA MK
- Trading Buy Range: RM1.41-1.42
SKP Resources | SKP MK
- Trading Buy Range: RM0.345-0.35
Dufu Technology Corporation | DUFU MK
- Trading Buy Range: RM2.75-2.80
Top Stories
Sector Update | Property
- Developers generally maintained their full-year sales targets despite having to push back several launches. Meanwhile, commercial and industrial products were a bright spot during the quarter. We remain positive on industrial and DC demand, particularly for established developers with strong execution capabilities and strategically located landbanks. Maintain OVERWEIGHT on the sector’s palatable valuations at 0.85x 12-month forward P/B (+0.5SD above mean). Our top picks are EcoWorld and Mah Sing Group.
Market Spotlight
- The FBMKLCI added 6.69pt to close at 1,714.79 yesterday amid profit-taking across the board.
- US market closed for public holiday.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Pecca Group | PECCA MK
- Trading Buy Range: RM1.41-1.42
SKP Resources | SKP MK
- Trading Buy Range: RM0.345-0.35
Dufu Technology Corporation | DUFU MK
- Trading Buy Range: RM2.75-2.80
Key Indices
IMPORTANT NOTICE - DISCLOSURES AND DISCLAIMERS
This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
