Bids Sniper

File from Khairul

List of newly classified *Non-Shariah-compliant* Securities (-15 counters) will take effect from 28 May 2021

List of *Newly* classified Shariah-compliant Securities (+ 25 counters) , will take effect from 28 May 2021

DNEX Price movement after Foxconn In Talks to Buy Stake in Malaysian Chipmaker.

*Affin Hwang Capital* 25/05/2021 *GLOBAL NEWS* 🔹Tech leads gains in stocks as inflation fears ease 🔹Bostic tells Axios he hears Fed chair speculation ‘all the time’ 🔹US core inflation to cool in second half, NABE survey shows 🔹Bank of England plays down risk of runaway UK inflation 🔹UK must seize moment to transform post-covid economy, CBI says 🔹Korea consumer confidence hits 3-year high as recovery quickens 🔹Thailand says its tourism sector may not recover until 2026 🔹Oil surges with Iran saying differences remain on sanctions deal To read in full :- https://researchnews.affinhwang.com/Research/DailyReports/20210525/MN%2020210525.pdf *Results Note* *Tiong Nam (TNL MK)* *BUY (upgrade) Price Target: RM0.94*; RM0.82 @ 24 May 2021 *Logistics and warehousing segment supported earnings* 🟩Tiong Nam’s FY2021 core net profit returned to the black at RM9.7m from better margins enjoyed from the logistics and warehousing segment which more than offset weakness in its property and hotel segments 🟩Earnings exceeded expectations 🟩 Given the strong earnings, we upgrade Tiong Nam to a BUY with a higher RNAV-based 12-month target price of RM0.94 To read in full: https://researchnews.affinhwang.com/Research/DailyReports/20210525/Affin%20Hwang%2020210525%20TNL%20RN.pdf

*RHB ♦️ Investment Bank Bhd* *Retail Research* Technical Analyzer 25-May-21 *D&O (7204)* Outlook: Pending Breakout MYR4.42 Levels: MYR4.60, MYR4.80 Exit: Below MYR4.17 (time frame: 2-4 weeks) *PHARMA (7081)* Outlook: Breakout MYR4.36 Levels: MYR4.80, MYR5.00 Exit: Below MYR4.16 (time frame: 2-4 weeks) *MESTRON (0207)* Outlook: Breakout MYR0.39 Levels: MYR0.435, MYR0.45 Exit: Below MYR0.375 (time frame: 2-4 weeks) *MELEWAR (3778)* Outlook: Pending Breakout MYR0.625 Levels: MYR0.68, MYR0.72 Exit: Below MYR0.565 (time frame: 2-4 weeks) Investment Research Disclaimers RHB has issued this report for information purposes only.,,

M+ Online Technical Trading Stocks - 25May21 Stock Name: ASTINO (7162) Entry: Buy above RM1.39 Target: RM1.50 (7.9%), RM1.26 (-9.4%) Stop: RM1.27 (-8.6%) Shariah: Yes Technical: Bottom rebound Stock Name: KERJAYA (7161) Entry: Buy above RM1.25 Target: RM1.39 (11.2%), RM1.41 (12.8%) Stop: RM1.16 (-7.2%) Shariah: Yes Technical: Bottom rebound Source: Bloomberg, M+ Online

Genting share update : KUALA LUMPUR (May 21): Resorts World Las Vegas has been given regulatory approval to begin operations on June 24. The Nevada Gaming Commission unanimously voted to allow the Genting Bhd (4.69 +0.12)-owned property to commence operations, according to a report by the Associated Press. 云顶大马旗下拉斯维加斯名胜世界（Resorts World Las Vegas）早前宣布将于2021年6月24日正式开业。该集团今日再度传出好消息，名胜世界的赌场于周四获得监管当局批准营业，将成为拉斯维加斯史上最大的赌场项目之一。 据《美联社》报道，美国内华达州博彩委员会向总部位于吉隆坡的云顶集团及其公开交易的子公司云顶大马颁发了相关执照。

*Affin Hwang Capital* 21/05/2021 *GLOBAL NEWS* 🔹Techs lead US equity rebound after jobs report 🔹Initial jobless claims in US decline to fresh pandemic low 🔹White House says Republican governors are pulling jobless benefits too soon 🔹Bank of Canada warns home buyers rates will eventually rise 🔹UK city apartments back in demand after departures in pandemic 🔹Australian employment dropped in April as wage subsidy ended 🔹Hong Kong jobless rate drops for second month on better economy 🔹Oil slips with potential sanctions relief on iran looming To read in full :- https://researchnews.affinhwang.com/Research/DailyReports/20210521/MN%2020210521.pdf *Sector Update* *Electronic Manufacturing Sector (EMS)* *OVERWEIGHT (maintain)* *Sell-down offers opportunity; no change in fundamentals* 🟩Speculation about activist Andy Hall assessing the EMS sector on similar grounds as the glove sector has dented sentiment. However, we are not entirely surprised as he had already hinted he may look at several other sectors in Malaysia at a glove conference in early 2021 🟩While our analysis shows that the market did not react negatively to those allegations for the glove sector initially, some investors have seen the implications and concerns may be valid. However, the key customer in mind here is a leading UK brand which we believe strictly adheres to labour laws. Thus the end results may not be the same 🟩We remain positive on the sector for its structural growth and believe this pullback serves as a buying opportunity To read in full : https://researchnews.affinhwang.com/Research/DailyReports/20210521/Affin%20Hwang%2020210521%20EMS%20SU.pdf *Result* *SD Plantation (SDPL MK)* *HOLD (maintain) Price Target: RM4.88*; RM4.45 @ 20 May 2021 *1Q21: Strong beginning* 🟩 SD Plantation’s 1Q21 core net profit of RM499m (>100% yoy) came in above our expectations, mainly due to higher-than-expected contribution from its upstream plantation segment 🟩 We raise our 2021/22E core EPS by 49.5%/12% mainly to take into account a higher CPO ASP assumption 🟩 Despite raising our earnings forecasts and rolling forward our valuation horizon, our DCF-derived TP is lowered to RM4.88 as we apply a higher discount rate. We maintain our HOLD rating on SD Plantation To read in full:- https://researchnews.affinhwang.com/Research/DailyReports/20210521/Affin%20Hwang%2020210521%20SDPL%20RN.pdf *Heineken Malaysia (HEIM MK)* *HOLD (maintain) Price Target: RM26.00*; RM24.10 @ 20 May 2021 *A good quarter despite MCO2.0* 🟩 1Q21 core net profit of RM73.5m (+29.1% yoy) came in above our expectations on better-than-expected operating margin for the quarter 🟩 Sequential sales were higher by 6% qoq driven by festivals such as Chinese New Year and St. Patrick’s day celebration 🟩 We raise our 2021-23E earnings estimates by 0.4-3.5% and roll forward our base year to 2022 to arrive at a higher DCF-derived TP of RM26. Maintain HOLD To read in full:- https://researchnews.affinhwang.com/Research/DailyReports/20210521/Affin%20Hwang%2020210521%20HEIM%20RN.pdf *Berjaya Sports Toto (BST MK)* *SELL (maintain) Price Target: RM1.80*; RM2.00 @ 20 May 2021 *Reversal in recovery due to MCO 2.0* 🟩 Berjaya Sports Toto (BST) reported a relatively weak set of results, as 9MFY21 core-PATAMI of RM171.1m (+1.0% yoy) fell below both our and consensus expectations 🟩 The weaker-than-expected performance was due to the significant decline in revenue per draw day after the introduction of MCO 2.0 in 3QFY21 🟩 We are lowering our EPS forecasts for FY21-23E by 0.1%-12.5% to factor in lower revenue per draw day, while maintaining our SELL call and DDM-based TP at RM1.80 after rolling forward our valuation base To read in full:- https://researchnews.affinhwang.com/Research/DailyReports/20210521/Affin%20Hwang%2020210521%20BST%20RN.pdf