Highlights

KLSE Traders Update and Ideas

Author: mplus313   |   Latest post: Tue, 13 Oct 2020, 5:16 PM

 

Daily Market Update - 29 Jun 2020

Author:   |    Publish date:


Dow Jones: 25,015.55 pts (-730.05pts, -2.84%)
⬆ Resistance:  26900
⬇ Support:  24500

FBM KLCI: 1,488.14 pts (-1.06pts, -0.07%)
⬆ Resistance:  1550
⬇ Support:  1460

Crude Palm Oil: RM2,368 (-RM27, -1.13%)
⬆ Resistance:  2530
⬇ Support:  2310

Brent Oil: $41.02 (-$0.03, -0.07%)
⬆ Resistance:  44.9
⬇ Support:  38.7

Gold: $1,771.29 (+$2.62, +0.15%)
⬆ Resistance:  1820
⬇ Support:  1710

M+ Online Technical Focus - 29 Jun 20
Muda Holdings Bhd: Demand on the rise

Trading Catalyst
• Demand for corrugated packaging has been on the rise for packaging of essential products such as groceries, food & beverage, healthcare products and e-commerce transportation.
• One of the largest integrated paper mill and corrugated packagers in Malaysia.
• At RM1.53, Muda Holdings trades at PE of 11.4x which is below its historical one standard deviation average of 15.7x; implying potential upside in our view.
• Consistently rewarding shareholders with dividends over the past ten years.

Technical View

(i) MUDA (S: RM1.41, R: RM1.64-1.7, LT TP:RM1.82, CL:RM1.40)

S: Support, R: Resistance, LT TP: Long term target price, CL: Cut loss

Source: Bloomberg, M+ Online

 

Disclaimer

The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.

The content published above shall only be for your sole and personal non-professional use. No guarantee is given on the accuracy or completeness of the information published here. No warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person or group of persons acting on such information.

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Labels: MUDA

Related Stocks

Chart Stock Name Last Change Volume 
MUDA 1.91 +0.15 (8.52%) 2,381,500 

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