Ata Ims Berhad

Titan Trading Notes For Tuesday [10/9/2024]:

$KLCI briefly retraced back towards the 1651 points region with an overall negative market sentiment today as we still saw over 730 counters closing red for the day along with it. Daily trading volume settled around the 3.3 billion mark, mainly dominated by selling activities.

Main stocks that showed strong buying momentum would be the likes of 99SMART, PBBANK, CIMB, SENDAI, BAHVEST, ATAIMS, IHH, NOTION, IJM, and AMBANK. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$SENDAI / 5205 (EVERSENDAI CORPORATION BERHAD) was definitely one of the star performers today as it broke out strong towards the RM 0.60+ major resistance levels with huge volume and buying momentum today despite the weak market sentiment.

This came after weeks of retracement and consolidation around its RM 0.46 - RM 0.50+ major support levels. For now still facing some selling pressure around its RM 0.60 main downtrend resistance but if able to sustain, could breakout strong and start breaking out soon.

Will be monitoring SENDAI closely.

$ATAIMS / 8176 (ATA IMS BERHAD) on the other hand also was able to breakout strong from its RM 0.37 main downtrend resistance levels with good volume and buying momentum today despite the weak market sentiment.

For now looking quite strong here and seems to have formed a solid support region around the RM 0.34+ regions over the past few weeks already. If able to stay above its RM 0.36+ immediate support, could continue on towards and beyond the RM 0.42+ major resistance levels.

Will be monitoring ATAIMS closely.

$PBA / 5041 (PBA HOLDINGS BHD) since breaking out towards the RM 2.90 regions, had been retracing and consolidating over the past 2 weeks here, heading back towards the RM 2.40+ main support levels on the hourly charts.

So far had been able to hold quite well and formed its higher low region already as it was able to breakout strong towards the RM 2.60++ regions today with good volume and buying momentum. If able to sustain, could continue to trend up towards and beyond the RM 2.90+ regions soon.

Will be monitoring PBA closely for entry opportunities.

$ATAIMS / 8176 (ATA IMS BERHAD): A Notable Investor Takes the Spotlight

Mr. Ooi Keng Thye, a lesser-known but accomplished individual investor in Malaysia, has steadily built a reputation in the investment community, particularly in the tech sector. Though not as widely recognized as prominent figures like Fong Siling and Koon Yew Yin, Mr. Ooi's investment successes provide valuable insights for those interested in technology stocks.

1. $FRONTKN / 0128 (FRONTKEN CORPORATION BERHAD): Among Mr. Ooi's most successful ventures is his investment in FRONTKN. During a period when the company's fundamentals were shaky and its share price hovered between RM0.15 and RM0.20, Mr. Ooi made a strategic move, purchasing shares at around RM0.15 to RM0.30. By FY14, he had acquired a significant stake of 2.8 million shares, eventually increasing his holdings to 141 million shares by FY18. This investment is widely regarded as one of Mr. Ooi's most successful endeavors.

2. $INARI / 0166 (INARI AMERTRON BERHAD): Mr. Ooi also became a substantial shareholder of INARI in FY13. However, subsequent rights issues diluted his stake, and he no longer appeared as a significant shareholder in later years.

3. $GTRONIC / 7022 (GLOBETRONICS TECHNOLOGY BERHAD): As of the FY23 annual report, Mr. Ooi holds 74.2 million shares in GTRONIC, with the latest updates indicating an increase to 76.9 million shares, further solidifying his position in the tech sector.

4. Recent Developments in ATAIMS: The latest FY24 report from ATAIMS reveals Mr. Ooi as a substantial shareholder with 25.9 million shares. ATAIMS had previously faced challenges, including significant losses following the loss of Dyson as a major customer. However, the share price has shown signs of recovery, and the company recently announced a partnership with a Chinese firm to explore opportunities in the household and electrical appliances market.

5. $NOVAMSC / 0026 (NOVA MSC BERHAD): Beyond these well-known companies, Mr. Ooi is also the largest shareholder in NOVAMSC, holding a 14.79% stake. However, the future profitability of this loss-making company remains uncertain.

Titan Trading Notes For Monday [12/8/2024]:

$KLSE-KLCI had a decent rebound back towards the 1596 points regions during last Friday with an overall positive market sentiment as our market had been rebounding well over the past week from Monday's selling activities. Daily trading volume remained around the 4.1 billion mark, which is pretty decent.

Main stocks that showed strong buying momentum during last Friday would be the likes of CEB, MYEG, TECHNAX, EKOVEST, ATAIMS, DNEX, SNS, TOPGLOV, MRCB, MNHLDG, NOVAMSC, SIMEPROP, JCY, SUNWAY, YTLPOWR, MAHSING, and KUCINGKO. All of which were able to sustain their rallies throughout the day on the top volumes list.

$ATAIMS / 8176 (ATA IMS BERHAD) since retracing back towards the RM 0.35+ major support levels, had been able to rebound quite well earlier last week all the way towards the RM 0.45 main downtrend resistance with good volume and buying momentum.

This came after news of its JV announcement with a China partner, potentially catalysing the stock. For now as long as able to sustain above its RM 0.40+ immediate support, could continue on towards and beyond the RM 0.485 - RM 0.50+ regions for an uptrend continuation pattern.

Will be monitoring ATAIMS closely here.

$DNEX / 4456 (DAGANG NEXCHANGE BERHAD) since breaking out towards the RM 0.52+ regions, had actually been retracing over the past 2 months all the way back towards the RM 0.35+ major support levels, and was able to rebound strong back towards the RM 0.42+ regions with good volume.

For now as long as able to sustain above the RM 0.40+ immediate support levels, could breakout from the RM 0.42 main downtrend resistance, potentially trending upwards to the RM 0.435 - RM 0.45+ regions soon.

Will be monitoring DNEX closely here as the NIISE project announcement should be made soon.

FPHB after retracing back towards the RM 0.54+ major support levels, was able to hold well and breakout from its RM 0.63+ main downtrend resistance with good volume and buying momentum late last week.

So far looking quite strong here and as long as able to sustain above its RM 0.61+ immediate support levels, could continue on towards and beyond the RM 0.70+ major resistance levels soon for an uptrend continuation pattern.

Will be monitoring FPHB closely here

$ATAIMS / 8176 (ATA IMS BERHAD)

ATA IMS Partners Chinese Firm to Venture into Household and Electrical Appliances Sector

ATA IMS Bhd (KL:ATAIMS) said it has teamed up with Shanghai-listed Jinhua Chunguang Technology Co Ltd (Chunguang) to venture into the household and electrical appliances sector.
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The electronics manufacturing service provider said its wholly owned subsidiary, Integrated Manufacturing Solutions Sdn Bhd (IMS), and Chunguang have agreed to form a joint venture (JV) company known as Suntone (Malaysia) Technology Sdn Bhd.
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IMS will hold a 49% stake in the JV company via an investment of RM4.9 million, while Chunguang, which specialises in cleaning electrical hoses and accessories, will hold the remaining 51% stake worth RM5.1 million, said ATA IMS said in a filing with the stock exchange.
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Noting that many customers are shifting their manufacturing bases to Southeast Asia due to geopolitical factors, the group said the JV will enable the ATA group and Chunguang to capitalise on these trade diversion opportunities.
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ATA IMS' largest shareholder is Datuk Seri Foo Chee Juan, who holds a direct 0.11% stake and an indirect 33.97% through Oregon Technology Sdn Bhd. Other significant shareholders include Datuk Fong Chiu Wan with a direct 26.28% stake and Datuk Balachandran Govindasamy with a direct 0.82% stake and an indirect 7.15% through PP Tech Ltd.
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For the financial year ended March 31, 2024, the group reported a net loss of RM104.9 million, down from RM254.54 million in the previous year, due to lower impairment of goodwill, plant and equipment, and reduced provision for slow-moving stock. Revenue fell 56.3% to RM399.81 million from RM915.78 million.
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ATA IMS shares reached a two-year high of 52 sen last month but have since retreated. They closed unchanged at 38.5 sen on Thursday, giving the group a market capitalisation of RM457.24 million. Year-to-date, the counter has risen by over 26%.

$ATAIMS / 8176 (ATA IMS BERHAD)

Source: https://cutt.ly/xecwwdTD

Titan Trading Notes For Monday [22/7/2024]

$KLSE-KLCI had a decent breakout towards the 1636 points region last week despite having over 730 counters closing red for the day. Market sentiment was definitely mixed here with a trading volume of around 4.4 billion as we closed for the week.

Main stocks that showed strong buying momentum would be the likes of BJCORP, ATAIMS, SCIB, SIAB, JPG, and THETA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$THETA / 9075 (THETA EDGE BERHAD) was definitely the main star during last Friday as it managed to breakout all the way towards the RM 2.90 regions with huge volume and buying momentum despite being overbought on the daily chart.

Looking very strong for now and as long as able to sustain above its RM 2.40+ immediate support on the daily chart, could continue on towards and beyond the RM 3+ regions soon in the coming weeks for a parabolic rally continuation pattern.

Will be monitoring THETA closely here as something big seems to be brewing.

$BJCORP / 3395 (BERJAYA CORPORATION BERHAD) since breaking out from its RM 0.32+ major resistance levels earlier this month, had been breaking out strong all the way towards the RM 0.41 regions with huge volume and buying momentum despite being overbought here.

For now as long as able to sustain above its RM 0.38+ immediate support levels on the daily chart, could continue on towards and beyond the RM 0.41+ regions for an uptrend continuation pattern.

So far looking very strong here for BJCORP and will be monitoring it closely as seems to be starting a new uptrend here.

$ATAIMS / 8176 (ATA IMS BERHAD) had been retracing over the past 2 months from its RM 0.61+ major resistance levels and retraced all the way back towards the RM 0.46+ main support regions.

On Friday, was able to rebound strong back towards the RM 0.50+ regions with good volume and buying momentum. Seems to have formed its higher low regions here already and if able to hold above its RM 0.475 immediate support, could trend back up towards the RM 0.535 - RM 0.55+ regions soon.

Will be monitoring ATAIMS closely here.

Titan Weekend Chart Reviews

$ATAIMS / 8176 (ATA IMS BERHAD)

Although had a huge breakout towards the RM 0.615 regions, faced strong selling pressure which saw the stock retrace back towards the RM 0.52+ main support levels.

For now seems to be able to hold quite well here and if able to sustain, could breakout back towards and beyond its RM 0.54+ main resistance levels for an uptrend continuation.

Support: RM 0.52, RM 0.50 areas
Resistance: RM 0.54, RM 0.55, RM 0.57, RM 0.585, RM 0.60 areas

Titan Trading Notes For Thursday [11/7/2024]:

$KLSE-KLCI rebounded back towards the 1618 points region with an overall mixed market sentiment as we still saw almost 550 counters closing red for the day. Daily trading volume remained average around the 4.7 billion mark today.

Main stocks that showed strong buying momentum today would be the likes of DATAPRP, WCT, JAKS, CABNET, BINTAI, PESTECH, NOVAMSC, JCY, MYEG, CIMB, SNS, UUE, PERDANA, MAHSING, JTGROUP, and MINOX. All of which were able to sustain their rallies throughout the day on the top volumes list.

$WCT / 9679 (WCT HOLDINGS BERHAD) since its huge breakout from the RM 0.85+ major resistance levels last month, had been trending upwards with huge volume and buying momentum over the past 2 weeks, breaking out all the way towards the RM 1.07 regions today despite being overbought.

For now still looking very strong here and as long as able to hold above its RM 0.95+ immediate support levels on the hourly charts, could continue on towards and beyond the RM 1.07+ regions for an uptrend continuation pattern soon.

Will be monitoring WCT closely here to see how far it can go.

$CABNET / 0191 (CABNET HOLDINGS BERHAD) was also a star performer today was it managed to breakout strong from its RM 0.615+ major resistance levels and rallied all the way towards the RM 0.72 regions with huge volume and buying momentum today.

For now still looking quite strong here and as long as able to hold above its RM 0.665+ immediate support levels, could continue on towards and beyond the RM 0.72+ regions for an uptrend continuation pattern.

Will be monitoring CABNET closely here as still on a strong uptrend.

$ATAIMS / 8176 (ATA IMS BERHAD) although had a good breakout towards the RM 0.575 regions today, was unable to sustain its buying momentum and retraced all the way back towards closing red at RM 0.55 today.

Overall still looking quite good here and as long as able to sustain above its RM 0.52+ immediate support levels, could continue on towards and beyond its RM 0.58+ major resistance levels for an uptrend continuation pattern soon.

Titan Trading Notes For Wednesday [10/7/2024]:

$KLSE-KLCI had a decent rebound back towards the 1614 points region today but our overall market sentiment remains negative as we still saw over 660 counters closing red for the day. Daily trading volume remained around the 4.6 billion mark, which is still healthy for now.

Main stocks that showed strong buying momentum would be the likes of JPG, ARMADA, ATAIMS, K1, DATAPRP, UUE, PBBANK, AIMFLEX, AFFIN, and GAMUDA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

$ATAIMS / 8176 (ATA IMS BERHAD) was definitely the star performer for today was it was able to breakout all the way towards the RM 0.57 regions with huge volume here despite the negative market sentiment.

This came after months of consolidation within the RM 0.43 - RM 0.58 range. For now able to breakout from its RM 0.0.535+ major resistance levels with good volume and as long as able to sustain above it, could continue on towards and beyond the RM 0.58+ regions for an uptrend continuation pattern.

Congratulations to those of you that earned a good profit here as per my earlier trading plans. I'm still hanging on to all my ATAIMS shares here to see how far it can go.

UUE on the other hand despite its superb performance during its IPO debut last week, had been trending up strong from its RM 0.65+ regions all the way towards forming its new high at RM 0.805 today with good volume and buying momentum.

For now although unable to close on its new high, as long as able to hold above its RM 0.765+ immediate support levels, could continue on towards and beyond the RM 0.80+ regions for an uptrend continuation pattern.

Will be monitoring UUE closely here as still on a strong uptrend.

$HEXIND / 0161 (HEXTAR INDUSTRIES BERHAD) since its earlier breakout towards the RM 0.375+ major resistance levels last month, had been trending up nicely here over the past few weeks despite the shaky market sentiment.

Seems to have formed its higher low regions around the RM 0.42+ regions already and today, was able to breakout towards the RM 0.465 regions with good volume and buying momentum.

For now as long as able to sustain above its RM 0.445 support, could continue on towards and beyond the RM 0.475 regions for an uptrend continuation pattern.

Will be monitoring HEXIND closely here

Titan Weekend Chart Reviews

$ATAIMS / 8176 (ATA IMS BERHAD)

Since its earlier breakout towards the RM 0.58 regions, had been consolidating over the past few weeks here with RM 0.465 - RM 0.48+ as the main support levels.

For now as long as able to hold above its RM 0.49+ immediate support levels, could breakout back towards and beyond its RM 0.535+ regions for an uptrend continuation pattern.

Support: RM 0.50, RM 0.49 areas
Resistance: RM 0.515, RM 0.535, RM 0.55, RM 0.58 areas

Titan Trading Notes For Tuesday [2/7/2024]:

$KLSE-KLCI had a decent rebound back towards the 1598 points region with an overall positive market sentiment as we started to rebound from the past few weeks of selling activities. Daily trading volume however remained slightly lower today as we settled at merely the 3.6 billion mark.

Main stocks that showed strong buying momentum today would be the likes of SNS, NOVAMSC, JCY, EATECH, ATAIMS, IFCAMSC, HIAPTEK, YGL, TCS, SOLID, APPASIA, PANDA, JTGROUP, K1, AGMO, CABNET, NOTION, RGB, RL, CENSOF, MAHSING, and FSBM. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SNS / 0259 (SNS NETWORK TECHNOLOGY BERHAD) definitely stole the show today as it was able to rebound strong from its RM 0.74+ major support levels and broke out all the way towards the RM 0.84+ regions today with huge volume and buying momentum.

For now looking strong here and as long as able to hold above its RM 0.79+ immediate support levels, could continue back on an uptrend continuation pattern towards and beyond its RM 0.90+ regions soon in the coming weeks.

Will be monitoring SNS closely here.

As for the E-Invoice theme, $IFCAMSC / 0023 (IFCA MSC BERHAD) is definitely the star player here was it managed to breakout strong from its RM 0.79+ major resistance levels and rallied all the way towards the RM 0.915 regions with good volume and buying momentum.

Looking very strong here and as long as able to hold above its RM 0.86+ immediate support levels, could continue on towards and beyond its RM 0.915+ regions soon for an uptrend continuation pattern.

Will be monitoring IFCAMSC closely here.

$ATAIMS / 8176 (ATA IMS BERHAD) on the other hand also looking quite strong today as it was able to breakout from its RM 0.50+ regions and rallied all the way towards the RM 0.515 major resistance levels with huge volume and buying momentum.

For now although unable to close on its intraday high, still looking quite strong here and as long as able to hold above its RM 0.49+ immediate support, could continue on towards and beyond the RM 0.535 - RM 0.55+ regions soon for an uptrend continuation pattern.

Titan Trading Notes For Monday [1/7/2024]:

$KLSE-KLCI had a decent rebound back towards the 1590 points region during last Friday with an overall positive market sentiment as our overall market started to rebound from the past 2 weeks of selling activities. Daily trading volume remained around the 4.2 billion mark, which is still decent for now.

Main stocks that showed strong buying momentum would be the likes of NOVAMSC, MYEG, YNHPROP, CABNET, WCT, YGL, DNEX, PANDA, KGW, KTI, AXIATA, K1, and ATAIMS. All of which were able to sustain their rallies throughout the day on the top volumes list.

$YNHPROP / 3158 (YNH PROPERTY BERHAD) after retracing all the way towards the RM 0.48+ major support levels due to its founder being sued for market manipulation back in 2018. For now seems to be showing decent buying support here.

If able to sustain, could breakout from its RM 0.58+ main downtrend resistance levels soon and start trending upwards higher as YNHPROP on its own does seem quite undervalued when comparing it to its net asset value.

Will be monitoring YNHPROP closely here to see how it performs.

$PANDA / 0290 (PANDA ECO SYSTEM BERHAD) despite retracing all the way back towards its RM 0.38+ major support levels just last week, was able to hold well and breakout strong all the way towards the RM 0.465 regions with huge volume and buying momentum, forming a new all time high here.

For now still looking quite bullish and as long as able to sustain above its RM 0.43+ immediate support levels, could continue on towards and beyond its RM 0.465+ regions for a bullish continuation pattern.

Will be monitoring PANDA closely as still on a very strong and healthy uptrend.

$ATAIMS / 8176 (ATA IMS BERHAD) after breaking out towards the RM 0.58 regions, had been consolidating over the past 2 weeks here with RM 0.465+ as the main support levels on the hourly charts.

Seems to have formed its higher low regions already and if able to sustain, could breakout from its RM 0.50+ main resistance levels for an uptrend continuation towards and beyond its RM 0.515 - RM 0.55+ major resistance levels soon.

Will be monitoring ATAIMS closely as I'm still hanging on to all my ATAIMS shares bought last week as per my latest trading plan.

$NOTION / 0083 (NOTION VTEC BERHAD) although retraced all the way back towards the RM 1.96+ major support levels, was able to rebound strong and bounced back towards closing at RM 2.05 here as multiple broker houses imposed a cash upfront requirement for this stock.

Unlike other counters that have crashed due to the cash upfront requirement i.e. SCIB, YNHPROP, RAPID, IMASPRO, ARTRONIQ, and WIDAD, this one seems to be holding well.

This should be a testament that all the buyers of its shares were genuine and organic cash buyers that are buying to hold. Although it doesn't say everything, but this alone should say something about the company. So will have to monitor closely and trade at your own risk.

Titan Weekend Chart Reviews

$ATAIMS / 8176 (ATA IMS BERHAD)

Since its earlier run up towards the RM 0.58 major resistance levels, had been retracing and consolidating within a triangle pattern here with RM 0.465+ as the main support.

Seems to be reaching towards the end of this consolidation pattern already and if able to sustain, could breakout from its RM 0.50+ major resistance levels for an uptrend continuation pattern soon.

Support: RM 0.48, RM 0.465 areas
Resistance: RM 0.50, RM 0.515, RM 0.535, RM 0.55 areas

Titan Trading Notes For Thursday [27/6/2024]:

$KLSE-KLCI had a decent rebound back towards the 1590 points level today with an overall positive market sentiment as our overall market started to rebound from last week's profit taking activities. Daily trading volume however wasn't able to sustain above the 5 billion mark, which saw it dip back towards the 4.7 billion region.

Main stocks that showed strong buying momentum today would be the likes of JCY, SBH, SNS, VELESTO, ATAIMS, RAMSSOL, SIMEPROP, NOTION, JTGROUP, SEALINK, WCT, YTLPOWR, and RGB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$JCY / 5161 (JCY INTERNATIONAL BERHAD) since retracing from its RM 0.935 major resistance levels, managed to hold well above its RM 0.68+ support levels and rebounded back towards the RM 0.75 regions today with good volume and buying momentum.

For now need to see if able to hold above its RM 0.68+ support levels or not. If able to sustain, could breakout from its RM 0.77+ immediate downtrend resistance levels soon for an uptrend continuation pattern soon.

Will be monitoring JCY closely here.

$ATAIMS / 8176 (ATA IMS BERHAD) since breaking out towards the RM 0.58 major resistance levels, had been retracing over the past week here back towards its RM 0.45+ main support levels and was able to breakout strong towards the RM 0.515 regions today with good volume and buying momentum.

For now looking quite strong here and as long as able to hold above its RM 0.48+ immediate support levels, could continue on towards and beyond its RM 0.515+ regions to test the RM 0.58 major resistance soon.

$NOTION / 0083 (NOTION VTEC BERHAD) although retraced all the way back below its RM 1.90+ main support levels earlier this week, was able to hold above its support and breakout all the way towards the RM 2.25 regions today with good volume and buying momentum.

Although it still faced some selling pressure which saw the stock close back towards the RM 2.13+ regions, it's still a pretty good sign here that it's reached its short term dip region already.

If able to breakout from its RM 2.20+ resistance levels soon, could continue on towards and beyond the RM 2.40+ regions for an uptrend continuation pattern.

Titan Weekend Chart Reviews

$ATAIMS / 8176 (ATA IMS BERHAD)

Had a huge breakout from its RM 0.35+ major resistance levels all the way towards the RM 0.58 regions recently.

For now seems to be forming a higher low support around the RM 0.515+ main support levels.

If able to hold, could continue on towards and beyond the RM 0.55 - RM 0.58+ regions soon for an uptrend continuation pattern.

Support: RM 0.515 area
Resistance: RM 0.53, RM 0.55, RM 0.58 areas

Titan Trading Notes For Friday [21/6/2024]:

$KLSE-KLCI resumed its retracement and closed back red towards the 1592 points region with an overall negative market sentiment as we still saw over 800 counters closing red for the day. Daily trading volume also saw a dip back towards the 5 billion mark, mainly dominated by sellers.

Main stocks that showed strong buying momentum would be the likes of VS, KTI, CABNET, ATAIMS, SEALINK, RGB, TOPGLOV, DFX, GFM, and TECHNAX. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$VS / 6963 (V.S. INDUSTRY BERHAD) since breaking out from its RM 0.915+ major resistance over the past 2 months, had been trending upwards here strongly on the daily chart, even rallying all the way towards the RM 1.26 regions today with huge volume and buying momentum.

So far looking very bullish here and as long as able to hold above its RM 1.14+ immediate support levels on the daily chart, could continue on towards and beyond the RM 1.30+ regions for an uptrend continuation pattern.

Will be monitoring VS closely here to see how far it can go. I believe big funds are flowing into here which led to the large surge in share prices.

$CABNET / 0191 (CABNET HOLDINGS BERHAD) since retracing back towards the RM 0.36+ support levels over the past few days, managed to form a strong higher low region and rallied all the way towards the RM 0.56 regions today with huge volume and buying momentum.

For now still looking very bullish here and as long as able to sustain above its RM 0.46+ immediate support levels, could continue on towards and beyond the RM 0.56+ regions soon for an uptrend continuation pattern.

Will be monitoring CABNET closely here to see how far it can go here.

$ATAIMS / 8176 (ATA IMS BERHAD) since retracing back towards its RM 0.44+ main support levels yesterday, had been able to hold well above this support region and broke out all the way towards the RM 0.53 regions with huge volume and buying momentum today.

Seems to be looking very strong here and as long as able to hold above its RM 0.485+ immediate support levels, could continue on towards and beyond the RM 0.54+ major resistance levels for a parabolic rally continuation pattern.

Titan Trading Notes For Wednesday [19/6/2024]:

$KLSE-KLCI retraced today back towards closing red around the 1606 points region with an overall negative market sentiment as we saw over 760 counters closing red for the day along with it. Daily trading volume however remained healthy around the 5.9 billion mark.

Main stocks that showed strong buying momentum would be the likes of ATAIMS, K1, MYEG, NOVAMSC, PELIKAN, AIMFLEX, DNEX, TECHBND, SEDANIA, NOTION, AZRB, TM, SCGBHD, and LBS. All of which were able to sustain their rallies throughout the day on the top volumes list.

$ATAIMS / 8176 (ATA IMS BERHAD) had a huge rally today after breaking out from the RM 0.36 major resistance, rallying all the way towards the RM 0.54 regions with huge volume and buying momentum here out of nowhere.

For now, looks like it's starting to be in the midst of a parabolic rally here and as long as able able to sustain above its RM 0.48+ immediate support levels, could continue on towards and beyond the RM 0.54+ major resistance levels for a parabolic continuation pattern.

Will be monitoring ATAIMS closely here to see what's going on.

$SCGBHD / 0225 (SOUTHERN CABLE GROUP BERHAD) had been trending upwards over the past month here since breaking out from its RM 0.685+ major resistance levels, rallying all the way towards the RM 1.04 regions today with good volume and buying momentum despite being overbought.

For now as long as able to hold above its RM 0.98+ immediate support levels on the hourly charts, could continue on towards and beyond the RM 1.04+ regions for an uptrend continuation pattern in the coming weeks as it's still not showing any weakness here yet.

Will be monitoring SCGBHD closely here to see how far it can go.

$DNEX / 4456 (DAGANG NEXCHANGE BERHAD) since breaking out towards the RM 0.525 regions, had been retracing over the past few days and able to form a solid base around its RM 0.48+ regions on the daily chart here today.

Looks like it's formed its higher low regions already on the daily chart and could be breaking out towards the RM 0.525+ regions soon in the coming weeks for an uptrend continuation pattern.

$NOTION / 0083 (NOTION VTEC BERHAD) definitely was one of the best performers today as managed to breakout strong all the way towards the RM 1.98 regions with huge volume and buying momentum despite the weak market sentiment and Bursa's UMA Query on it after lunch.

Although it did take a brief hit from panic sellers, it managed to rebound well from its RM 1.82+ main support levels on the hourly charts and closed green at RM 1.96. For now still looking very strong here and could breakout from its RM 2+ major resistance levels soon.

MATERIAL LITIGATIONATA IMS Berhad ("ATAIMS" or "the Company")
- Announcement on (ex-Parte) Interlocutory Injunction and Originating Summons from ATA Industrial (M) Sdn Bhd against Shinano Kenshi Co. Ltd. (Defendant)

MATERIAL LITIGATIONATA IMS Berhad ("ATAIMS" or "the Company")
- Announcement on (ex-Parte) Interlocutory Injunction and Originating Summons from ATA Industrial (M) Sdn Bhd against Shinano Kenshi Co. Ltd. (Defendant)

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

I'm thinking directly and indirectly the EMS guys will benefit as well. $SKPRES / 7155 (SKP RESOURCES BHD) $VS / 6963 (V.S. INDUSTRY BERHAD) $ATAIMS / 8176 (ATA IMS BERHAD) $ATECH / 5302 (AURELIUS TECHNOLOGIES BERHAD) $CEB / 5311 (CAPE EMS BERHAD) and a few others, just tagging a few players in the EMS space.

Titan Weekend Chart Reviews

$ATAIMS / 8176 (ATA IMS BERHAD)

Had a good breakout from its RM 0.32+ major downtrend resistance with good volume here and so far still able to sustain.

For now as long as able to hold above its RM 0.30 support, could continue on towards and beyond the RM 0.335 - RM 0.35+ major resistance levels soon for a brand new uptrend.

Support: RM 03.2, RM 0.30 areas
Resistance: RM 0.335, RM 0.35, RM 0.36 areas

Titan Trading Notes For Monday [29/4/2024]:

$KLSE-KLCI had a good breakout towards the 1575 points region with an overall positive market sentiment as we close for the week. Daily trading volume settled around the 4.1 billion mark, which is pretty good for now.

Main stocks that showed strong buying momentum would be the likes of MYEG, CAPITALA, YTL, YTLPOWR, DATAPRP, ATAIMS, TAS, RGB, TANCO, AAX, SIMEPROP, and ZANTAT. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) after retracing and consolidating over the past year without much volume and action, was able to breakout strong from its RM 0.82+ major resistance levels and rallied all the way towards the RM 0.92+ levels with huge volume and buying momentum.

For now looking extremely bullish here and if able to sustain this kind of buying momentum, could be headed towards a parabolic rally to the RM 1+ regions soon in the coming weeks.

Will be monitoring MYEG closely as I believe something big is brewing here.

$ATAIMS / 8176 (ATA IMS BERHAD) after retracing and consolidating over the past year from its RM 0.395 local peak, seems to be ready for another wave up here as it was able to breakout strong from its RM 0.31+ main downtrend resistance levels with huge volume and buying momentum.

So far still looking quite strong here and if able to sustain this kind of buying momentum, could continue on a new uptrend and breakout towards the RM 0.335 - RM 0.35+ major resistance levels soon in the coming weeks.

Will be monitoring ATAIMS closely.

EPICON since forming a solid base around its RM 0.40+ main support levels, had been able to rebound quite strongly towards the RM 0.45+ regions over the past week here with increasing volume and buying momentum.

For now looking quite strong here and as long as able to sustain above its RM 0.43+ immediate support levels, could continue on towards and beyond the RM 0.495 major resistance levels soon for a bullish continuation pattern.

$MTEC / 0295 (MASTER TEC GROUP BERHAD) performed quite well as it was able to form a solid support around its RM 0.90+ major support levels over the past few weeks and broke out strong from its RM 0.98+ main downtrend resistance levels and rallied all the way towards the RM 1.02 levels.

For now looking quite bullish here and as long as able to sustain above its RM 0.98+ immediate support levels, could continue on towards and beyond the RM 1.07 - RM 1.10+ major resistance levels soon for an upcoming uptrend continuation pattern.

Will be monitoring MTEC closely here to see how far it can go.

$SKPRES / 7155 (SKP RESOURCES BHD): Worth to put into the watchlist

On the latest trading day (19/4/24), $SKPRES / 7155 (SKP RESOURCES BHD) commenced at 0.885 and concluded at 0.865, exhibiting underperformance compared to the industrial products & services index. Presently, $SKPRES / 7155 (SKP RESOURCES BHD)'s performance is outlined as follows:

❌ Positioned below EMA20 and MA200 yet above MA70, indicating trading below short-term and long-term price averages but above mid-term levels. Waiting for the price to surpass EMA20 and MA200 before entering might be prudent.
❌ MACD remains above 0 but is on a downward trajectory.
❌ EFI registers below 0, signalling a downward price movement.
❌ Trading volume remains low.
❌ Overall chart depicts a downtrend.

Furthermore, this company has garnered attention primarily due to its superior fundamentals compared to peers $VS / 6963 (V.S. INDUSTRY BERHAD) and $ATAIMS / 8176 (ATA IMS BERHAD), evidenced by:

✅ Higher profit margin
✅ Elevated dividend yield
✅ Superior ROE
✅ Lower P/E ratio

Change of Company Secretary - MS YONG MAY LI

@terence775 Since you mentioned $PA / 7225 (P.A. RESOURCES BERHAD), I feel the need to highlight a very real risk to the company from a macroeconomics point of view, especially related to the US election and their direction of bringing manufacturing on shore. While I'm at it, I will just share a little bit about PA and why I think a big risk is not yet been priced in, considering they are up around 40% since early this year.

As everyone should know, PA is involved in the fabrication and extrusion of aluminum products with a big focus on the solar panel industry. They mainly buy their raw materials (aluminium billets) from Australia and Dubai.

Recently, they had reported their highest ever revenue largely due to increasing sales to USA, and we all know their big customer here is First Solar. Many analysts say it's a good thing, and I beg to differ. For the record, FS is about 90% of PA's business. On a running basis FS has an annual contract with PA, to purchase the frames for the PV modules.

FS is on a rapid expansion mode to capture the solar panel market in the world, and in the same line, PA plans to double their capacity in stages to meet the high demand from FS.

All sounds good, yes?

It does until you read what First Solar has been proposing and advocating: building a domestic manufacturing base in US. This is very in line with Trump's idea of MAGA and bringing global supply chains back into US soil while subsidizing them to make them competitive. It is also not too far off from US parties' populist policies-- so I would expect this to be more of an eventuality rather than a possibility.

What happens when your biggest customer decides they don't need you anymore? Cue $ATAIMS / 8176 (ATA IMS BERHAD).

With such a big risk always looming in the background, PA provides a very lopsided risk:reward offering, skewing very heavily into high risk and low rewards territory.

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

@Ryunanda if I remember correctly, !$VS / 6963 (V.S. INDUSTRY BERHAD) actually underwent customer diversification back in 2016-2017, which led to their biggest customers, Dyson's dissatisfaction. Their earnings underwent some pullback during the period, but eventually they managed to comeback with management expertise and the E&E expansion cycle.

In retrospect, looking at $ATAIMS / 8176 (ATA IMS BERHAD) now, it is definitely a wise move made by VS management.

based on the VS's customers diversification case, I believe that it is a "no pain, no gain" evolvement and it really depends on the Management's tenacity to sacrifice short term gain to obtain the business independence over the long tern

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

Will $MTAG / 0213 (MTAG GROUP BERHAD) Pursue Further M&A?

$MTAG / 0213 (MTAG GROUP BERHAD) has unveiled its Q1FY2024 quarterly report, revealing the following highlights:

1. Revenue: RM31.06m, showing a 45.2% decrease year-on-year due to reduced sales of mesh stemming from decreased customer orders. However, there's a 24.4% increase quarter-on-quarter driven by improved sales in mesh, label stickers, and adhesive tape distribution.

2. Gross Profit Margin (GPM): 39.4%, higher than Q1FY2023's 35.5% and the previous quarter's 38.8%.

3. Profit Before Tax (PBT): RM9.59m, down 43.3% year-on-year due to decreased revenue, yet up 26.2% quarter-on-quarter owing to increased revenue and favorable margins from a wider product range.

4. Balance Sheet: Robust with total assets at RM235.04m and total liabilities at RM14.36m. The company remains in a net cash position, holding RM25.04m in cash without any borrowings.

5. Cash Flow: Recorded a positive Free Cash Flow (FCF) of RM3.68m this quarter.

6. Acquisition: Completed the acquisition of 100% of Jostar Sdn. Bhd for RM8.5m, expanding its product portfolio with the addition of an offset printing operation. This acquisition significantly enhances MTAG's packaging and branding solutions.

7. Outlook: Focuses on supporting steady customer demand with newly-appointed contract manufacturers and plans to expand business development and investment activities to support increased manufacturing in the region. The incorporation of Jostar Sdn Bhd adds a new dimension to MTAG's offerings, strengthening its capability to provide comprehensive solutions in packaging and branding.

In summary, MTAG acquired Super Gold Industrial Sdn Bhd on October 31, 2022, and this year, on the same date, it acquired Jostar Sdn Bhd. The pattern of acquisitions around October raises curiosity—is it related to a year-end sale?xD Despite the recent acquisitions not reflecting in this quarter's results (ending in September), MTAG seems to be strategically acquiring to offset the loss of a major customer ($ATAIMS / 8176 (ATA IMS BERHAD)) and maintain its net cash position, indicating potential for more M&A activities in the future.