Malaysia Stock Pick – Bursa Malaysia remained higher at mid-morning

KUALA LUMPUR: Bursa Malaysia stayed higher at mid-morning with picks up contributed by Petronas Gas and Genting. – Malaysia Stock Pick 

At 11 am (Malaysia Stock Pick),

The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) remained at 1,776.03, up 0.46 of-a-point from Wednesday’s end of 1,775.57.

Stock Pick

The list had opened 1.32 focuses higher at 1,776.89.

On the more extensive market, gainers outpaced failures 326 to 287, while 330 counters were unaltered, 846 untraded and 34 others suspended.

Turnover remained at 533.24 million offers worth RM365.86 million.

Petronas Gas rose 22 sen to RM18.92 and Genting propelled 11 sen to RM9.69, as both counters contributed 1.45 focuses to the benchmark record.

Of the heavyweights, TNB enhanced two sen to RM14.20, Sime Darby and CIMB rose one sen each to RM9.60 and RM6.66 individually, Axiata fell five sen to RM4.93, Digi declined two sen to RM4.97, while Maybank and Public Bank were every level at RM9.59 and RM20.38. – Stocks Picks

Of the actives, Frontken and Iris added one sen each to 30 sen and 16 sen, Hibiscus slid one sen to 38 sen, Bumi Armada declined 2.5 sen to 68.5 sen and Nexgram was level at 4.5 sen.

The FBM Emas Index extended 7.55 focuses to 12,623.31, the FBMT100 Index rose 5.32 focuses to 12,268.44, the FBM Ace enhanced 47.55 focuses to 6,183.19 and the FBM 70 rose 26.89 focuses to 14,931.49.

Be that as it may, the FBM Emas Shariah Index was down 3.70 focuses to 12,826.16. – Malaysian Stock Picks

On a sectoral premise, the Industrial Index expanded 0.14 of-a-point to 3,271.82, with the Plantation Index 10.58 focuses bring down at 7,917.14, and the Finance Index sacking 13.13 focuses to 16,836.86. 

Hot stocks of the day

MQTECH (Bursa: 0070) 0.055 +0.005 (+10.00%)
TANCO (Bursa: 2429) 0.105 +0.005 (+5.00%)
ATURMJU (Bursa: 7181) 0.340 +0.020 (+6.25%)
For more information traders & investors could visit here: www.mmfsolutions.my

 

5 Ultimate Malaysian Stock Picks for Last 6 Months of Year 2017

Stock market has only one certainty that it will always remain uncertain. However, these fact have never demotivated KLSE market investors and traders. Earlier this year, we saw that US currency was powerful and will continue to remain powerful for the remaining year, which will boost the exports players.

In addition, Malaysia is looking forward for huge investment in the infrastructure. Moreover, the country is expecting a growth in plantation and agriculture industry. Another news is that the increased output is expected due to crude oil prices which will attract more investors.

This year Malaysia was host for Southeast Asian Games and this will attract tourist, benefit airlines, and gaming industry, and with all these good news, you must concentrate on 6 KLSE stocks picks for investing in 2017.

  1. Inari Amertron Bhd:

The electronic manufacturing company, which is an investing holding company, expects double-digit growth this year and its current operating profit is MYR 54,277,000. The reason behind this was increased demand in the groups’ products. Moreover, its diluted EPS was 8.10 SEN compared to 5.55 SEN last year. Also lot of property acquisition was huge.

This company is expecting to grow around 23.5% year on year, and revenue by 21.9%.

This company is one of the best example of sound management system and great relationship with Broadcom, which will highly benefit the company.

Therefore, you can look forward with this company to invest.

  1. Magni-Tech Industries Bhd

You are well versed with the brand NIKE. Magni is the company, which deals with manufacturing the best equipment for NIKE in Malaysia. This company also sell garments. The current revenue of the company was MYR 289,123,000. It profits from operations was around MYR 107,434,000 compared to 79,173,000 last year.

Recently the company announced 3 SEN per share in the month of April and 3rd interim dividend for last financial year of 3 SEN.

This year, the company expects a strong balance sheet and a price earning ratio of around 8.5 times.

This company has a track record with excellent balance sheet. Thus, the stock tips experts taking a risk call on this share recommended a strong buy call.

  1. Classic Scenic Bhd:

This company is known for manufacturing, selling and investment holding of wooden pallets, and wooden picture frame moldings. This company is also into the business of manufacturing and marketing timber products and deals with property holdings and rentals.

The company is also known for the dividend yield of 7% and investors think that the company is best for investing with defensive strategy due to uncertain external environments.

Investors witnessed 60% share price performance in the last year. Investors are attracted towards buying this stock for its above market average dividend yield strategy.

Revenue booked was rise of around 22.7% and net profit boosted around 87.5%. Gross total profit also expanded around 44% from 38.2% last year.

The company looks for aggressive exports and approximately 90% of sale is booked from exporting generally to US. Thus, strong US value contributes to attractive finances.

This company is a huge success in terms of niche market offerings and profits. Thus, best stock tips advisors recommends to for this Malaysia KLSE stock.

  1. Gamuda Berhad:

Gamuda Berhad is the company which is engaged in infrastructure and property development offerings. This company is divided majorly into 3 segments:

1. Engineering and construction

2. Property development

3. Water and expressway concessions

The company reported revenues of MYR 853,880,000 for the quarter. And a profit from operations of around MYR 168,219,000. Total revenue of the company was marked as MYR 2,411,970,000 against MYR 2,182,140,000 in the last year.

The company is looking for bigger rail tenders. Also the stock picks researchers suggest a 20%-30% upside to its current order books. This company is looking forward for a sustainable growth in the coming quarters.

Gamuda is also into work package with Pan Borneo Highway which is having a value of around RM 1.57 billion and its appointment of SRS consortium where it holds around 60% stakes.

A 12 month share target price of RM 5.46 is estimated. And the company has a huge buy call rating and is considered as one of the best option for Malaysia stock picks.

  1. Sime Darby Bhd:

This company is a multinational company involved in 5 major sectors:

1. Plantation

2. Property

3. Industrial

4. Motors

5. Logistics

Permodalan Nasional Bhd (PNB) controlling shareholder Tan Sri Abdul Wahid Omar, sets to benefit a proposed corporate restructure exercise.

The company expects a higher reconstruction value from this activity. Earlier PNB was holding around 53% stakes in Sime Darby and this company is observed as big cap picks in the strategy.

A positive fluctuation is observed in the share prices and better earning is the hope from the Malaysian stock market experts.

Other stocks, which you must look upon, are:

1. Genting Malaysia Bhd

2. Ta Ann holdings Bhd

Last note:

These Malaysian shares are attracting KLSE stock traders and investors so investing now.

For more market reviews and best KLSE trading recommendations contact us 

http://www.mmfsolutions.my/service.php