Trendspotter: Comprehensive Analysis of Malaysian Retail Stocks

Date: December 4, 2024

Broker: CGS International

Introduction

The latest Trendspotter report by CGS International, released on December 4, 2024, provides a detailed analysis of prominent stocks in the Malaysian retail sector. This report offers insights into potential trends, technical analyses, and investment strategies for key companies, including KTI Landmark Berhad and SKB Shutters Corporation Berhad. We delve into the specifics of each company, providing a comprehensive outlook for investors looking to make informed decisions.

KTI Landmark Berhad

Current Price: RM0.31

Analysis and Outlook:

KTI Landmark Berhad, an investment holding company engaged in construction services and property development, has shown promising signs of growth. According to the Trendspotter report, the stock has been on an upward trajectory following a wedge breakout last week. A bullish candle pattern has emerged, bouncing off the 20-day EMA, which indicates strong buying momentum. The stock’s Moving Average Convergence Divergence (MACD) has confirmed a golden cross, while the Relative Strength Index (RSI) is strengthening, suggesting that buyers are gaining strength.

For aggressive traders, the report suggests considering a long position either at the current price or on any weakness, with a stop-loss set at RM0.275. The potential upside targets are RM0.33 and the Fibonacci target of RM0.355.

Recommendation: Technical Buy

SKB Shutters Corporation Berhad

Current Price: RM0.93

Analysis and Outlook:

SKB Shutters Corporation Berhad is noted for its manufacturing of roller shutters and related components. Recent trading activity saw the stock break out above a 4-month long triangle pattern, accompanied by a bullish gap up. The stock further extended its rally, closing at a 2-month high. The report highlights that all EMAs are underpinning the stock, suggesting room for further upside in the near term.

Both MACD and RSI indicators are in positive territory, highlighting the momentum favoring the bulls. For those considering a position, the recommendation is to go long either at the current price or on weakness, with a stop-loss set at RM0.835. The upside targets are RM0.96 and RM1.04.

Recommendation: Technical Buy

Conclusion

The Trendspotter report by CGS International provides an insightful analysis of Malaysian retail stocks, particularly focusing on KTI Landmark Berhad and SKB Shutters Corporation Berhad. Both companies are positioned for potential growth, with technical indicators suggesting strong buying momentum. Investors are encouraged to consider these analyses when strategizing their investment decisions, keeping in mind the recommendations and technical buy signals highlighted in the report.