Kenanga Research & Investment

Author: kiasutrader   |   Latest post: Fri, 22 Jan 2021, 10:30 AM


Daily technical highlights – (HWGB, LYC)

Author:   |    Publish date:

Ho Wah Genting Bhd (Trading Buy)

• HWGB just announced that the Group has obtained approval (which would be valid for one year) from the Ministry of Health of Indonesia to manufacture medical devices comprising surgical face masks, COVID-19 rapid test cassettes and liquid chemical sterilants / high level disinfectants.

• This marks a further step for the Group to diversify into the healthcare-related businesses following its previously disclosed plans to undertake research study for the development of Covid-19 vaccines, as well as the import & distribution of Covid19 test kits and other medical devices in Malaysia.

• On the chart, HWGB’s share price has bounced up from a trough of RM0.46 in the beginning of October to reach as high as RM0.91 in the second half of last month. After plotting a series of higher lows subsequently, the stock is now on the edge of breaking out from a short-term symmetrical triangle pattern.

• The upward bias stance is also backed by the share price crossover of its 50-day SMA line in the later part of last week.

• Riding on the positive momentum, HWGB shares could be on the way to test our resistance thresholds of RM0.91 (R1; 14% upside potential) and RM1.01 (R2; 26% upside potential).

• We have pegged our stop loss price at RM0.70 (or 12% downside risk from its last traded price of RM0.80).

LYC Healthcare Bhd (Trading Buy)

• LYC is involved in the healthcare business, providing mother and child care related services such as postnatal & postpartum care and confinement care.

• The Group has also diversified into other healthcare segments such as senior living homes, family clinic, childcare services, cosmetic & aesthetic and fertility services. In addition, it is venturing into Singapore via the acquisitions of two companies that operate medical centres for SGD14.2m.

• From a technical perspective, the stock – after rebounding from a low of RM0.32 in early November – has cut above the lower boundary of the Bollinger Band to trigger a buy signal last Thursday.

• On the back of the positive momentum, LYC shares could climb towards our resistance hurdles of RM0.39 (R1) and RM0.44 (R2). This represents upside potentials of 16% and 31%, respectively.

• Our stop loss price is set at RM0.29 (or 13% downside risk from yesterday’s closing price of RM0.335).

Source: Kenanga Research - 10 Nov 2020

Share this
Labels: HWGB, LYC

Related Stocks

Chart Stock Name Last Change Volume 
HWGB 0.60 0.00 (0.00%) 3,941,400 
LYC 0.305 +0.005 (1.67%) 378,600 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program

564  409  601  26 

Top 10 Active Counters
 TRIVE-OR 0.0050.00 
 QES 0.38+0.04 
 KSTAR 0.21-0.045 
 DNEX 0.26+0.005 
 BIOHLDG 0.30+0.04 
 DYNACIA 0.120.00 
 LAMBO 0.030.00 
 MCLEAN 0.325+0.095 
 AT 0.180.00 
 VSOLAR 0.040.00 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!


1. Supermax record profit must prevail - Koon Yew Yin Koon Yew Yin's Blog
2. Biden Presidency Spells Good Times for Malaysian Gloves Trying to Make Sense Bursa Investments
3. Jaks Resources - Final Update :- Jaks Hai Duong Power Plant achieved FULL COD ! DK
4. A BEARISH outlook for Covid-19. GENERAL
5. BREAKING [Complete Economic Shutdown]: (Actual) Eurocham Letter to Members (dated 23 Jan 2021) following meeting with MITI on 22 Jan 2021 A blog to publish and share information
6. KLCI waves 42 - Two Possible KLCI Waves Outcome and 2 BEST Glove Waves (HARTA & TOPGLOVE) KLCI waves
7. [转贴] [Video:浅谈DAGANG NEXCHANGE BHD, DNEX, 4456] - James的股票投资James Share Investing James的股票投资James Share Investing
8. Think-tank: Total lockdown would bring Malaysia to brink of economic collapse save malaysia!