Key Indices
Top Stories
Sector Update | Renewable Energy
- We expect CRESS contract wins to lift near-term sentiment in the RE sector. We understand the SAC may be lowered to ensure the attractiveness of the CRESS programme, which will pave the way for positive contract win(s) for solar EPCC players. Our sensitivity suggests a 50MW CRESS win can lift market cap by 5%/10%/55% for Solarvest/Pekat/Northern Solar respectively. Maintain OVERWEIGHT with a higher target price of RM4.20 for Solarvest and RM2.30 for Pekat.
Market Spotlight
- The FBMKLCI continued to fall by 18.78t to close at 1,686.74 last Friday on profit-taking in index-linked counters as well as weaker sentiment across the board.
- US stocks were higher after the close on Friday, as gains in the telecommunications, industrials and consumer services sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Aurelius Technologies | ATECH MK
- Trading Buy Range: RM0.80-0.805
Resintech | RESI MK
- Trading Buy Range: RM0.47-0.475
Samchem Holdings | SAHB MK
- Trading Buy Range: RM0.525-0.535
Top Stories
Sector Update | Renewable Energy
- We expect CRESS contract wins to lift near-term sentiment in the RE sector. We understand the SAC may be lowered to ensure the attractiveness of the CRESS programme, which will pave the way for positive contract win(s) for solar EPCC players. Our sensitivity suggests a 50MW CRESS win can lift market cap by 5%/10%/55% for Solarvest/Pekat/Northern Solar respectively. Maintain OVERWEIGHT with a higher target price of RM4.20 for Solarvest and RM2.30 for Pekat.
Market Spotlight
- The FBMKLCI continued to fall by 18.78t to close at 1,686.74 last Friday on profit-taking in index-linked counters as well as weaker sentiment across the board.
- US stocks were higher after the close on Friday, as gains in the telecommunications, industrials and consumer services sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Aurelius Technologies | ATECH MK
- Trading Buy Range: RM0.80-0.805
Resintech | RESI MK
- Trading Buy Range: RM0.47-0.475
Samchem Holdings | SAHB MK
- Trading Buy Range: RM0.525-0.535
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.
