RHB Invest Highlights

Top Story

Public Bank:

• A bank for volatile times.
• Fair value is RM15.40 from RM14.70. Outperform call reiterated.

Corporate Highlights

AFG:

• Key growth areas and targets unchanged.
• Maintain forecasts, fair value of RM3.60 and Market Perform call.

Notion Vtec:

• Camera focus.
• Fair value is raised slightly to RM1.68 from RM1.54. Maintain Underperform.

Technical Highlights

Daily Trading Strategy:

• Tough resistance near the 10-day SMA.
• FBM KLCI has to remove both the 10-day and 40-day SMAs before it can return the robust sentiment, amid continuous speculation on more M&A activities in the near term, and optimism ahead of the listing of PetroChem on Friday.
• On a negative point, a prolonged weakness at below the 40-day SMA near 1,493 will dampen the FBM KLCI’s near-term outlook.
• Nevertheless, we expect tough resistance at the 10-day SMA near 1,503 in the immediate term

Daily Technical Watch: K. Europlus

• Follow-through buying momentum likely if it sustains above RM1.08
• Immediate Support at RM1.08
• Immediate Resistance at RM1.25