Key Indices
Top Stories
Sector Update | Oil & Gas
- Our recent tour of Samsung Heavy Industries (SHI) to visit MISC’s LNG carrier (LNGC) Th’ailib yielded several takeaways. Firstly, we commend MISC’s yard diversification strategy to include Hudong (China, with 11 LNGC deliveries) while retaining its strategic relationships with the Big Three Korean yards (SHI: five LNGC deliveries). There may be potential collaboration between regional yards and Malaysian listed players including MMHE (early partnership with Hanwha) and Muhibbah Engineering (ability to execute Syncrolift). Overall, retain sector MARKET WEIGHT.
Market Spotlight
- The FBMKLCI slid 4.02pt to close at 1,623.70 yesterday on profit-taking.
- US stocks were higher after the close on Thursday, as gains in the healthcare, consumer services and financials sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Formosa Prosonic Industries | FOR MK
- Trading Buy Range: RM1.11-1.12
Teladan Group | TELADAN MK
- Trading Buy Range: RM0.605-0.61
Axiata Group | AXIATA MK
- Trading Buy Range: RM1.66-1.67
Top Stories
Sector Update | Oil & Gas
- Our recent tour of Samsung Heavy Industries (SHI) to visit MISC’s LNG carrier (LNGC) Th’ailib yielded several takeaways. Firstly, we commend MISC’s yard diversification strategy to include Hudong (China, with 11 LNGC deliveries) while retaining its strategic relationships with the Big Three Korean yards (SHI: five LNGC deliveries). There may be potential collaboration between regional yards and Malaysian listed players including MMHE (early partnership with Hanwha) and Muhibbah Engineering (ability to execute Syncrolift). Overall, retain sector MARKET WEIGHT.
Market Spotlight
- The FBMKLCI slid 4.02pt to close at 1,623.70 yesterday on profit-taking.
- US stocks were higher after the close on Thursday, as gains in the healthcare, consumer services and financials sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Formosa Prosonic Industries | FOR MK
- Trading Buy Range: RM1.11-1.12
Teladan Group | TELADAN MK
- Trading Buy Range: RM0.605-0.61
Axiata Group | AXIATA MK
- Trading Buy Range: RM1.66-1.67
Key Indices
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