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Malaysia Stocks To Watch Next Week

Market Wrap Up: Bursa Malaysia ended the week on a negative note. KLCI Index closed at 1669.80 down 6 points or -0.36 in percentage terms. Selling in major heavyweights and Global market turmoil and Apple revenue forecast weighs market sentiments.

Later Asian market recovered from early losses and showed great recovery Hang Seng Index up 2.24% or up 561.67 points, STI up 46.4 points at 3059.2 but bursa Malaysia remains subdued.

Market breadth was positive advances to decline ratio stood at 492 to 349 while 1027 were unchanged.

Sector-specific industrial products and services Index lost 0.11 points to 165.63; the Finance Index up 23.91 points to 17,241.79 while the major plantation index gain 25.63 points to 6,880.90.

On Friday US market recovered Thursday’s losses and closed with strong note after dovish tone of Fed and strong Jobs data. Us major indices like Dow up 746.94 at 23433.16, technology major index up 275.35 at 6738.86.

Based on last week trading activity and announcements following stocks remains in focus:

PUC BERHAD (Code: 0007)

Company Overview: PUC Berhad is the first China government-linked company to list on the ACE Market of Bursa Malaysia Securities Berhad Market of Kuala Lumpur. It was also one of the first companies to be awarded the Multimedia Super Corridor (“MSC”) status in Malaysia. PUC has focused on key segments – integrated media services, e-commerce, technology, and renewable energy.

Latest News: Its subsidiary Wealth Pursuit has signed Memorandum of Understanding (MoU) with Yayasan Pekerja Malaysia (YAPEM) to provide micro-financing to YAPEM members. The company said YAPEM will facilitate all operations to implement the deduction of salary program to manage its respective members’ repayment of the micro-financing to Wealth Pursuit.

Outlook: Stock showed some sign of taking support at 0.10 levels to trade on upside price need to trade above 0.110 with an upside of 0.120

HO WAH GENTING BHD (Code: 9601)

Company Overview: Its main work in segments like Investment, Moulded power supply cord sets, Wires and cables, Automotive, Mining, Travelling services The Investment segment includes investment in properties and investment by the holding company. The Moulded power supply cord sets segment is engaged in the manufacturing and trading of wires and cables; molded power supply cord sets and cable assemblies for electrical and electronic devices and equipment. The Wires and cables segment is engaged in trading of wires and cables. The Automotive segment is engaged in trading of motor vehicles.

Latest News: Company proposed private placement of up to 34.24 million new shares to raise funds for working capital and repayment of borrowings. This placement will be implemented in one or two trances with the discount of not more than 10% of prior five days price of fixing date.

Outlook: Fundraising is good for the company even in the worst market condition. Stock can trade with bullish bias in a range of 0.100 to 0.125.

LBS BINA GROUP BHD (Code: 5789)

Company Overview: Company engages in the development of residential and commercial properties primarily in Malaysia and the People’s Republic of China. The company engages in trading building materials; sells membership cards covering personal insurance; and involves in the development, management, and operation of golf courses and clubhouse

Latest News: Company has set a sales target of RM1.5 billion for 2019 as the company will launch new projects worth RM1.82 billion this year. Company total unbilled sales stood at RM1.75 billion.

Outlook: Stock trading in a narrow range of 0.620 to 0.650. Upside possible only above 0.670 while price can retest 0.60.

INARI AMERTRON BERHAD (Code: 0166)

Company Overview: Inari Berhad is an investment holding company with subsidiaries involved in the electronics manufacturing services (EMS) industry. The Inari Berhad Group started in June 2006 with the establishment of Inari Technology Sdn Bhd (Inari Technology). Inari Technology is an EMS company principally involved in back-end semiconductor packaging, which comprises back-end wafer processing, package assembly and RF final testing for the electronics/semiconductor industry. Inari Technology’s customers are primarily in the wireless communication segment.

Latest News: Recent news in which Apple chief executive Tim Cook blamed a slowdown in China sales for falling revenues and also forecast lower sales impact all technology stocks worldwide. Inari which is one of apple supply chain also falls sharply.

Outlook: Stock trade with negative bias and further downside also possible, one should remain cautious while buying falling stock as looks cheap till it not stabilize.

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