Here is a sector-wise breakdown of the top-performing stocks and themes from the Malaysian stock market (KLSE): 1. Banking & Finance • Top performers:$CIMB (1023.MY)$$AMBANK (1015.MY)$$HLBANK (5819.MY)$ • Reasons: Growth driven by economic recovery, higher foreign participation, and undervaluation of blue-chip stocks . 2. Construction • Top picks:$GAMUDA (5398.MY)$$IJM (3336.MY)$$SUNCON (5263.MY)$ • Catalysts: Major infrastructure projects such as the Bayan Le...
Click Here: TYNKR LAB™ At midday, Bursa Malaysia showed resilience as the$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$managed to reclaim the critical 1,600-point level, despite an initial dip in the morning session.$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$settled just 0.27 points lower at 1,601.61, recovering nearly 13 points from its intraday low. This recovery was largely driven by bargain-hunting activities in blue-chi...
Click Here: TYNKR LAB™ Bursa Malaysia experienced a dip on Wednesday, October 23, 2024, with$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$closing at its intraday low of 1,641.53, down 1.01 points or 0.06%. Last-minute selling of key heavyweights such as$AIRPORT (5014.MY)$and Bursa Malaysia contributed to the decline, reflecting weak investor confidence. Regional Market Weakness Weighs on Sentiment The overall performance of regional mar...
$HLBANK (5819.MY)$slight dip is a great buying oppty.. Right around the support level of 20.85 to 21.00. Most analysts have a clear consensus... For HLB to hit 27 to 28.
Click Here: TYNKR LAB™ Bursa Malaysia saw a slight improvement by midday, with$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$recording a marginal gain of 0.02 points to reach 1,648.93, after an earlier intra-morning high of 1,652.02. Despite the thin trading environment due to public holidays in China, Hong Kong, and South Korea, the local bourse was supported by renewed buying interest in selected heavyweights, contributing to the mild upward movement. Acros...
Date: September 27, 2024 Recently, Malaysian bank stocks have broadly declined, with the exception of Hong Leong Bank (HLB), while other major bank stocks have experienced varying degrees of drop. This report will explore the reasons for the downturn and the strengths of HLB. Reasons for Market Decline 1. Continuous Net Selling by Foreign Investors: According to recent data, foreign investors have net sold for five consecutive days, leading to a broad decline i...
HLBANK Stock Forum
Bursa Malaysia’s $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ continued its downward trajectory at midday, falling by 6.43 points to 1,602.54. The index hovered near the psychological 1,600 mark as profit-taking intensified, particularly in $Bursa Health Care (0062I.MY)$ and $Bursa Industrial Products & Services (0002I.MY)$ sectors. This decline mirrors the cautious sentiment ahead of the U.S. inflation report, which i...
1. Banking & Finance
• Top performers: $CIMB (1023.MY)$ $AMBANK (1015.MY)$ $HLBANK (5819.MY)$
• Reasons: Growth driven by economic recovery, higher foreign participation, and undervaluation of blue-chip stocks .
2. Construction
• Top picks: $GAMUDA (5398.MY)$ $IJM (3336.MY)$ $SUNCON (5263.MY)$
• Catalysts: Major infrastructure projects such as the Bayan Le...
At midday, Bursa Malaysia showed resilience as the $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ managed to reclaim the critical 1,600-point level, despite an initial dip in the morning session. $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ settled just 0.27 points lower at 1,601.61, recovering nearly 13 points from its intraday low. This recovery was largely driven by bargain-hunting activities in blue-chi...
Bursa Malaysia experienced a dip on Wednesday, October 23, 2024, with $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ closing at its intraday low of 1,641.53, down 1.01 points or 0.06%. Last-minute selling of key heavyweights such as $AIRPORT (5014.MY)$ and Bursa Malaysia contributed to the decline, reflecting weak investor confidence.
Regional Market Weakness Weighs on Sentiment
The overall performance of regional mar...
$CIMB (1023.MY)$ Mkt Cap: 88.43B, EPS: 12.63, Div: 4.38%, Largest Shareholding: 21.57% Khazanah Nasional Berhad.
$MAXIS (6012.MY)$ Mkt Cap: 28.67B, EPS: 0.14, Div: 4.37%, Largest Shareholding: 62.24% Binariang GSM Sdn. Bhd.
$AFFIN (5185.MY)$ Mkt Cap: 6.99B, EPS: 0.15, Div: 1.99%, Largest Shareholding: 28.88% Lembaga Tabung Angkatan Tentera.
$HLBANK (5819.MY)$ Mkt Cap: ...
Most analysts have a clear consensus... For HLB to hit 27 to 28.
The U.S. stock market closed lower as $Dow Jones Industrial Average (.DJI.US)$ fell by 0.41% and $S&P 500 Index (.SPX.US)$ dropped 0.93%, weighed down by declines in technology and semiconductor stocks. $Intel (INTC.US)$, $Apple (AAPL.US)$, and $Microsoft (MSFT.US)$ were among the biggest losers, with $Intel (INTC.US)$ falling by 3.28%, $Apple (AAPL.US)$ by 2.91%, and $Microsoft (MSFT.US)$ by 2.23%. However, energy st...
Bursa Malaysia saw a slight improvement by midday, with $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ recording a marginal gain of 0.02 points to reach 1,648.93, after an earlier intra-morning high of 1,652.02. Despite the thin trading environment due to public holidays in China, Hong Kong, and South Korea, the local bourse was supported by renewed buying interest in selected heavyweights, contributing to the mild upward movement.
Acros...
Recently, Malaysian bank stocks have broadly declined, with the exception of Hong Leong Bank (HLB), while other major bank stocks have experienced varying degrees of drop. This report will explore the reasons for the downturn and the strengths of HLB.
Reasons for Market Decline
1. Continuous Net Selling by Foreign Investors:
According to recent data, foreign investors have net sold for five consecutive days, leading to a broad decline i...
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