Key Indices
Top Stories
Company Update | KPJ Healthcare (KPJ MK/BUY/RM2.61/Target: RM3.85)
- KPJ’s leadership transition following Chin Keat Chyuan’s departure is unlikely to derail the group’s longer-term growth trajectory, with its five-year strategic plan and RM4b-5b brownfield expansion remaining firmly implemented by the interim management team. Maintain BUY with a target price of RM3.85.
What’s Inside
Company Update | Public Bank (PBK MK/HOLD/RM5.00/Target: RM5.54)
- Public Bank announced that it will acquire the remaining stake of 27% in Public Financial Holdings Limited. We view the transaction as broadly neutral to slightly positive. Maintain HOLD and target price of RM5.54.
Market Spotlight
- The FBMKLCI dropped 0.39pt to close at 1,714.40 yesterday.
- US stocks were lower after the close on Tuesday, as losses in the healthcare, consumer services and financials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
AWC | AWCF MK
- Trading Buy Range: RM0.53-0.535
CCK Consolidated Holdings | CCK MK
- Trading Buy Range: RM0.95-0.955
Richtech Digital | RTECH MK
- Trading Buy Range: RM0.205-0.23
Top Stories
Company Update | KPJ Healthcare (KPJ MK/BUY/RM2.61/Target: RM3.85)
- KPJ’s leadership transition following Chin Keat Chyuan’s departure is unlikely to derail the group’s longer-term growth trajectory, with its five-year strategic plan and RM4b-5b brownfield expansion remaining firmly implemented by the interim management team. Maintain BUY with a target price of RM3.85.
What’s Inside
Company Update | Public Bank (PBK MK/HOLD/RM5.00/Target: RM5.54)
- Public Bank announced that it will acquire the remaining stake of 27% in Public Financial Holdings Limited. We view the transaction as broadly neutral to slightly positive. Maintain HOLD and target price of RM5.54.
Market Spotlight
- The FBMKLCI dropped 0.39pt to close at 1,714.40 yesterday.
- US stocks were lower after the close on Tuesday, as losses in the healthcare, consumer services and financials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
AWC | AWCF MK
- Trading Buy Range: RM0.53-0.535
CCK Consolidated Holdings | CCK MK
- Trading Buy Range: RM0.95-0.955
Richtech Digital | RTECH MK
- Trading Buy Range: RM0.205-0.23
Key Indices
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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.
