Malaysian Bulk Carriers Berhad (KLSE : 5077) - Profit, No Bull

Recently, Maybulk returned to the black by reporting a net profit of RM192.53 million for financial year ended Dec 31, 2021 (FY21), mainly on the back of a disposal, snapping a two-year losing streak. It posted a net loss of RM20.78 million in the year prior.

However, it also noted that going forward Maybulk expressed caution as the dry bulk shipping market has come off its peak since October in 4QFY21 as China's energy crunch started to ease following an increase in domestic coal production and the slowing down of industrial activities which reduced iron ore and coking coal imports.

For more details, click here.

Below is the daily chart based on 28 Feb lunch break closing price.

 

Source :

1) Metastock

2) TheEdgemarkets.com
 

 

 

Padini Holdings Berhad (KLSE : 7052) - The Return to Glory Days ?

On 23 Feb, TheEdge reported Padini Holdings Bhd booked a record high quarterly net profit of RM60.89 million in the second quarter ended Dec 31, 2021 (2QFY22), boosted by the full reopening of the economy after the national Covid-19 vaccine roll-out last year.

For more details, click here.

Below is the weekly chart.

Source :

1) Metastock

2) TheEdgemarkets.com

Hibiscus Petroleum Bhd (KLSE : 5199) - Awakening

The share price rallied after Public Investment Bank Bhd has initiated coverage on Hibiscus Petroleum Bhd with an “Outperform” rating at 47 sen and target price of RM1.06 and said Hibiscus continues to deliver production from its first producing field, the Anasuria Cluster in UK with average circa 3500bbls/day, anchoring its position more prominently amongst its oil peers.

For more details, Public IB Research starts coverage on Hibiscus, target price RM1.06
 
Will this awakening pushes the share price to new height ?
 
Weekly chart.

Note : S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us. 

Source : 
1) Metastock
2) www.theedgemarkets.com

M3 Technologies (Asia) Bhd (KLSE : 0017)

Last week, TheEdge website reported the stock under "Stock With Momentum" section. More details, Stock With Momentum: M3 Technologies (Asia)

Daily chart.

Note : S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us. 

Source : 
1) Metastock
2) www.theedgemarkets.com

JAG Berhad (KLSE : 0024) - On Traders' Radar on Copper Strength

At Bursa Malaysia, JAG shares rose to their highest so far today at 15 sen.

At 12.30pm, JAG shares settled unchanged at 14 sen with some 23 million shares changing hands.

Hong Leong Investment Bank Bhd head of retail research Loui Low told theedgemarkets.com that "based on technical indicators, the support level for JAG shares was at 13 to 14 sen while resistance was seen at between 16 and 18 sen."

More news, JAG on traders' radar on copper strength

Source :
1) www.theedgemarkets.com

Inari Amertron Bhd (KLSE : 0166) - More Upside ?

The Edge Malaysia reported Inari Amertron Bhd saw strong upward momentum that pushed it to its one-month intraday high of RM2.18, a 5 sen or 2.35% gain.

More news, Inari shares hit 1-month high 

Daily chart.

Note : S-Trader indicators/tools is not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us.

Source : 
1) Metastock
2) www.theedgemarket.com

Malaysia retail sales down 1.2% in Q1

Sales in the Malaysian retail industry contracted 1.2% for the first quarter of 2017 compared with the same period last year, partly due to poor Chinese New Year sales in January on cautious consumer spending, according a report compiled by Retail Group Malaysia (RGM). 

In addition, prices of retail goods continued to rise since the beginning of this year, given the weak ringgit and higher fuel prices. 

All retail sub-sectors sales declined in Q1, except for the pharmacy and personal care sub-sector, which reported an encouraging growth rate of 3.7%.

More news, Malaysia retail sales down 1.2% in Q1

This latest retail sales report news reminded me an article that I came across in early April - TheEdge Malaysia. When I first read it, certain comments caught my attention.

Below is the part extracted from the weekly business newspaper.
 
Deutsche Bank AG Singapore economist and vice-president of global markets Diana Del Rosario says consumer spending in Malaysia will strengthen despite higher inflation. 

"We think that with fiscal transfers expanding further this year [with the 1Malaysia People's Aid (BR1M) budget up 15% in 2017] and new incentives introduced, alongside a likely improvement in sentiment due to higher oil prices and better exports, consumer spending would also strengthen despite higher inflation," she tells The Edge.


Source :
1) www.thesundaily.my
2) THE STATE OF THE NATION - A WEEKLY UPDATE (Title : February trade data adds to optimism on the economy) published by TheEdge Malaysia, 10 April 2017, by Supriya Surendran