Stocks Analysis

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Market little changed over CNY week

REVIEW: Bursa Malaysia came into the Chinese New Year week relatively unchanged over the previous weeks as the seasonally quiet period, coupled with uncertainty in the external front, had the market trading in range.

Eye On Stock, Naim Holdings

NAIM Holdings Bhd (code: 5073) made a rapid advance over the two trading days following the Chinese New Year break.

Eye On Stock: Aeon Co (M)

AEON Co (M) Bhd (code: 6599) experienced a surge of buying interest on Thursday coupled with the counter’s highest trading volume since June 2012.

Profit-taking dominates market

REVIEW: While global investors held their breath for the outcome of the US-China trade talks, some positive corporate earnings on Wall Street and a more dovish US Federal Reserve stance helped to keep things afloat.

Improved sentiment pushes FBM KLCI up

REVIEW: The consolidation phase may be brief as the investment community received yet more good news on a trade resolution.

Global Forex Market

THE US dollar edged higher over the week, up 0.48% to 96.1 largely due to a sharp weakening in the euro. Meanwhile, the US government shutdown has stretched to 27 days as both President Trump and the Democrats remained unwilling to back off from their stands over the border wall funding. The concerns on the continued shutdown have weighed slightly on the dollar.

Eye On Stock: Hartalega

HARTALEGA Holdings Bhd (code: 5168) extended its rebound yesterday to an intraday high of RM5.38, following a pick up in positive momentum on Thursday.

Eye On Stock: HSS Engineers

HSS ENGINEERS Bhd (code: 0185) seems to have found a way out of the consolidation phase it has been trapped in since Aug 20.

Affin Hwang raises target price for YTL REIT

PETALING JAYA: Affin Hwang Capital Research has reaffirmed its “buy” rating on YTL Hospitality REIT Bhd at RM1.19 with a higher target price of RM1.38 (from RM1.32) after incorporating the earnings contribution from its recently-acquired Green Leaf Niseko Village hotel.