Key Indices
Top Stories
Company Update | Hume Cement Industries (HUME MK/BUY/RM2.57/Target: RM4.16)
- While bulk cement ASPs have modestly normalised from the Nov 25 price adjustments (<10%), HUME continues to demonstrate margin resilience. The group remains well-equipped to manage cost headwinds, underpinned by: a) its coal procurement strategy, b) ongoing operational efficiencies, and c) an agile manufacturing mix. HUME trades at an undemanding 7.5x FY27F PE (-1SD from industry mean), and offers attractive dividend yields of 5.4% and 5.7% over FY27-28. Maintain BUY with a target price of RM4.16.
Market Spotlight
- The FBMKLCI continued to slide by 10.77pt to close at 1,601.01 yesterday amid persistent selling pressure in index-linked counters.
- US stocks were mixed after the close on Thursday, as gains in the oil & gas, telecoms and consumer goods sectors led shares higher while losses in the technology, healthcare and utilities sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Sarawak Plantation | SPLB MK
- Trading Buy Range: RM4.49-4.50
Toyo Ventures Holdings | TOYOVEN MK
- Trading Buy Range: RM0.21-0.22
YBS International | YBS MK
- Trading Buy Range: RM0.275-0.28
Top Stories
Company Update | Hume Cement Industries (HUME MK/BUY/RM2.57/Target: RM4.16)
- While bulk cement ASPs have modestly normalised from the Nov 25 price adjustments (<10%), HUME continues to demonstrate margin resilience. The group remains well-equipped to manage cost headwinds, underpinned by: a) its coal procurement strategy, b) ongoing operational efficiencies, and c) an agile manufacturing mix. HUME trades at an undemanding 7.5x FY27F PE (-1SD from industry mean), and offers attractive dividend yields of 5.4% and 5.7% over FY27-28. Maintain BUY with a target price of RM4.16.
Market Spotlight
- The FBMKLCI continued to slide by 10.77pt to close at 1,601.01 yesterday amid persistent selling pressure in index-linked counters.
- US stocks were mixed after the close on Thursday, as gains in the oil & gas, telecoms and consumer goods sectors led shares higher while losses in the technology, healthcare and utilities sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Sarawak Plantation | SPLB MK
- Trading Buy Range: RM4.49-4.50
Toyo Ventures Holdings | TOYOVEN MK
- Trading Buy Range: RM0.21-0.22
YBS International | YBS MK
- Trading Buy Range: RM0.275-0.28
Key Indices
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