Positional Stock Picks – CIMB Research raises Berjaya Food target cost to RM1.67

KUALA LUMPUR: CIMB Equities Research has raised its objective cost for Berjaya Food to RM1.67 from RM1.38 as it moves over its valuation base year to CY19F. Its last exchanged cost (Positional Stock Picks) was RM1.53.

It said on Monday

BFood detailed center net benefit of RM5.3mil in the main quarter finished July 31, 2017 (1QFY4/18), which was in line at 23% of its and 22% of market’s entire year estimates.

“The potential transfer of its Kenny Rogers Roasters (KRR) Indonesia operations may prompt a profit elevate of c.10%/12% for FY18/19F,” it said.

It updated the stock to a Hold and included it would turn more positive on the stock in the event that it was fruitful in arranging KRR Indonesian resources as it will support future income.

BFood revealed that

1QFY4/18 turnover expanded 9.2% on-year to RM154.4mil while center net income rose 6.7% on-year to RM5.3mil.

Deals development was generally because of a superior appearing from Starbucks Malaysia (+ three net new stores year-to-date) and KRR Malaysia (Fkli Trading Tips) which balance the shortcoming from KRR Indonesia and Jollibean.

“This prompted an on-year change in the gathering’s income. The gathering likewise pronounced a first interval DPS of one sen (versus 1QFY17: 0.5 sen), which was in accordance with desires,” it said.

CIMB Research said consecutively,

the organization’s turnover enhanced 2% on-quarter because of better execution from its Malaysia and Indonesia KRR operations and additionally from Starbucks.

Pre-charge benefit jumped over 100% on-quarter to RM8.8mil on the back of higher income and a low base impact where 4Q was beforehand affected by a higher-than-normal record of settled resources on the back of the conclusion of non-productive KRR stores in Indonesia and Malaysia.

The gathering shut two KRR Indonesia stores, conveying absolute store tally to 14.

Same-store-deals development (SSSG) for Starbucks stayed sound at +2.2% on-year while its KRR operations in both Malaysia and Indonesia revealed SSSG of +1.5% and – 12% on-year, individually.

“The gathering will proceed with its procedure of opening 25-30 new stores a year, which should support its profit going ahead.

“With respect to its KRR Malaysia operations (Shariah Stock Trading Signals), it will keep on being particular in its new store openings and will keep on introducing different activities to pivot the operations in FY18.

“We gauge if KRR Indonesia is effectively stripped, this could spell a potential lift of 10%/12% to our FY18/19F EPS (notwithstanding any benefits),” said CIMB Research.

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The FBM KLCI is expected to remain lacklustre today – klse stock pick

KUALA LUMPUR: The FBM KLCI is relied upon to stay dull today in accordance with the lukewarm overnight opinion at most worldwide markets, (klse stock pick) as geopolitical butterflies seem, by all accounts, to be picking up footing. 

Financial specialists looked for haven in gold (klse stock pick),

U.S. Treasuries and the yen on Tuesday as strains rose between the United States and Russia, notwithstanding stresses over U.S. relations with Syria and North Korea, as indicated by Reuters.

U.S. Secretary of State Rex Tillerson conveyed a message from world forces to Moscow on Tuesday upbraiding Russian support for Syria’s Bashar al-Assad, it said.

Stocks pulled well again from their session lows yet were still down for the day.

The Dow Jones Industrial Average fell 6.72 focuses, or 0.03 percent, to 20,651.3, the S&P 500 lost 3.38 focuses, or 0.14 percent, to 2,353.78 and the Nasdaq Composite dropped 14.15 focuses, or 0.24 percent, to 5,866.77, said Reuters.

AllianceDBS Research in its night release Tuesday:

Said that hosed by the down close in the previous day, the FBM KLCI had on April 11 broken beneath the 1,738 level again to a low of 1,733.79 as market members played on the offering side in reckoning of a lower advertise.

It said under the industrious offering interest (klse stock pick):

The benchmark record was in the red all through most exchanging sessions before settling close to the day’s low at 1,735.84 (down 3.68 focuses or 0.21%).

“In the more extensive market, failures dwarfed gainers with 569 stocks finishing lower and 358 stocks completing higher. That gave a market expansiveness of 0.62 demonstrating the bears were in charge,” it said.

That gave a market expansiveness of 0.62 demonstrating the bears were in charge,” it said.

AllianceDBS Research said showcase members played an offering diversion on April 11.

“This had put a descending weight on the benchmark record to slip underneath the 1,738 level once more.

“Many market members may in any case bullish about the market, yet the tight market run as of late had made a low unpredictability condition, which was seen less positive for exchanging opportunity.

“This low unpredictability showcase condition had diminished the benefit zone desire.

“With a specific end goal to transform this sort of market condition into a testing spot to exchange, hazard taking business sector members had expanded the market instability by offering into the market,” it said.

klse stock pick

 

klse stock pick

Latest Hot stocks for KLSE traders

  1. SERSOL
  2. GOCEAN
  3. PRIVA
  4. ANZO
KLSE INTRADAY CALL: BUY SERSOL AT 0.265 TARGET 0.280, 0.295 SL 0.245 

KLSE INTRADAY UPDATE: SERSOL AT 0.280, OUR 1st TARGET DONE. 

KLCI to trend higher riding on current momentum – Mid Term Stock Picks

KUALA LUMPUR: The FBM KLCI is required to drift higher today, riding on its present force with support pegged at 1,738 focuses. – Mid Term Stock Picks

The U.S. dollar drooped to a six-week low on Monday (Mid Term Stock Picks):

On stresses over a hesitant Federal Reserve, while U.S. also, European securities exchanges plunged in the midst of worries about G20 money related pioneers’ choice to drop a vow to keep worldwide exchange free and open, as indicated by Reuters.

The dollar file

which measures the greenback against a wicker container of six noteworthy monetary standards, was level at 100.32 in the wake of touching. its most minimal since Feb. 7 of 100.020. The record augmented a week ago’s shortcoming taking after late financing cost direction from the U.S. Nourished that was less hawkish than many had expected, it said.

Its night version Monday said that drove by Friday’s very close

The FBM KLCI had on March 20 exchanged higher to achieve the most noteworthy high of 1,755.26 since June 1, 2015 as market members kept on playing on the purchasing side in reckoning of a higher market.

It said under the tenacious purchasing interest, the benchmark list was in the green all through the vast majority of the exchanging sessions before settling at 1,749.41 (up 4.21 focuses or 0.24%).

“In the more extensive market, gainers dwarfed washouts with 546 stocks finishing higher and 421 stocks completing lower. That gave a market broadness of 1.29 showing the bulls were in charge,” it said.

AllianceDBS Research said the market saw finish purchasing action on March 20 with the benchmark list achieving the most elevated high of 1,755.26 since June 1, 2015.

“The high of 1,755.26 on the back of 6.01 billion shares recommended that market members were amped up for the market quality showed.

“Those market members that passed up a major opportunity the purchasing opportunity prior in the territory of 1,700 did not have any desire to be forgotten. They took the risk to become tied up with the market planning to see this market could run higher.

“In any case, the purchasing premium did not convey the market far up in the wake of defeating the 1,753 quick obstacle as the market has aroused into the offering supply range,” it said.

The examination house said taking after the very close on March 20, the market ought to endeavors to break the 1,753 level once more.

It said an upside breakout of 1,753 would see a trial of next resistance zone, 1,760 – 1,770.

The exploration house said showcase support is pegged at 1,738.

It said a fall beneath 1,738 could send the market down to 1,719, including that marker astute, the MACD is over the 9-day moving normal line.

“The investigation of general market activity on March 20 uncovered that purchasing force was more grounded than offering weight.

“All things considered, the FBM KLCI would likely exchange over 1,755.26 level on March 21.

Latest updates for KLCI traders 

KLCI               1,752.00           +2.00          +0.11%

Latest share trading signal for Malaysian investors

KUALA LUMPUR: UEM Sunrise, IOI Properties, Edaran, Sasbadi and Salutica are among the organizations which could see some exchanging enthusiasm on Tuesday after the corporate declarations. – Share trading signal

It said among stocks to watch are UEM Sunrise (Share trading signal):

After its unit UEM Sunrise (Canada) Alderbridge Ltd (UEMS Alderbridge) reported it was offering three bundles of land in Richmond, British Columbia, Canada, to 1107782 B.C Ltd, a unit of South Street Development Group for RM372.57mil. – Share trading signal

IOI Properties arrangements to begin take a shot at its office working at its recently procured site in Central Boulevard, Singapore before the year’s over. The assessed net advancement esteem is at any rate S$3.5bil (RM11bil).

Edaran packed away a RM20.6mil information office improvement contract from the Inland Revenue Board of Malaysia.

JF Apex Research said with respect to Sasbadi, it has inked two distributing bargains the Malaysian Examination Council. – Share trading signal

Under the distributing assentions:

The chamber will give a selective permit to Sasbadi to plan, print, and offer the accumulations of past year address papers for Sijil Tinggi Persekolahan Malaysia (STPM) examination and Malaysian University English Test (MUET) and in addition the reports on STPM examination and MUET for the examination years of 2017, 2018 and 2019.

In the mean time:

Salutica has acquired the green light from the Securities Commission Malaysia to exchange the posting of its shares to the Main Market.

Overnight on Wall Street, US stocks shut off session lows Monday as merchants foreseen a loan fee climb on Wednesday. – Share trading signal

European markets shut higher on Monday as political instability commanded and dealers prepared for a feasible rate climb by the US Federal Reserve.

At Bursa Malaysia, the FBM KLCI increased 4.34 focuses to close at 1,721.92 on Monday

“We expect the neighborhood benchmark record to keep on consolidating underneath 1,730 on the back of potential rate climb in the US, sleeping raw petroleum costs and up and coming Dutch decision,” said JF Apex Research.

Public Bank and AmBank fell early Friday – Shariah Compliant Investment Tips

KUALA LUMPUR: Public Bank and AmBank fell early Friday on expanded benefit taking, dragging the FBM KLCI more profound into the red, in spite of a slight recuperation in raw petroleum costs, as speculators turned careful however Iskandar Waterfront City (IWC) developed its rally. – Shariah Compliant Investment Tips.

At 9.30am (Shariah Compliant Investment Tips),

The KLCI was down 2.1 focuses or 0.12% to 1,715.32. Turnover was 463.05 million shares esteemed at RM271.37mil. There were 208 gainers, 226 failures and 281 counters unaltered.

Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday in front of the US non-cultivate payrolls report due later in the day, as per Reuters.

MSCI’s broadest file of Asia-Pacific shares outside Japan included 0.1%, taking signals from a humble ricochet in Wall Street overnight. Japan’s Nikkei climbed 1% on the back of a weaker yen and Australian stocks included 0.4%.

In the interim,

US unrefined costs edged up on Friday in the wake of dipping under US$50 per barrel surprisingly since December in the past session, influenced by worries that a worldwide supply overabundance is demonstrating unshakably determined, the wire announced.

US West Texas Intermediate unrefined (WTI) was up 23 pennies at US$49.51 a barrel at 0027 GMT.

Hong Leong Investment Bank (HLIB) Research said in spite of the fact that deal chasing exercises could keep on providing a fleeting specialized bounce back on Wall Street in front of the employments information today, it anticipated that slant would be wary preceding the FOMC meeting one week from now.

“In the interim,

offering weight may stretch out on the O&G heavyweights inside our neighborhood bourse in the midst of weaker unrefined petroleum costs. In any case, dealers could discover openings inside generally strong lower liners and little tops in the event that they turn oversold,” it said.

Gold costs dipped under the key level of $1,200 an ounce on Friday to hit their most minimal in more than five weeks, forced by a more grounded dollar in front of U.S. employments information later in the day, Reuters detailed.

HLFG was the top failure,

down 14 sen to RM15.42, Public Bank lost 12 sen to RM19.68 and AmBank shed seven sen to RM4.86 while AFG was down five sen to RM4.

Petron Malaysia lost 13 sen to FM5.85 while Petronas Gas shed eight sen to RM19.60.

IHH Healthcare was down five sen to RM5.87

Notwithstanding, IWC surged 21 sen to RM1.97 in dynamic exchange after an illumination that Iskandar Waterfront Holdings Sdn Bhd (IWH) will incorporate its 30% stake in the Bandar Malaysia extend as a major aspect of its proposed corporate exercise to assume control over the posting status IWC.

Maybank resisted the pattern to climb eight sen to RM8.81.

KESM added 40 sen to RM10.42. Its net benefit for its 2QFY17 rose 42.5% on-year to RM9.98mil on higher interest for its consume in and test administrations. MPI rose eight sen to RM9.98.