Gamuda Berhad

Titan Trading Notes For Thursday [8/5/2025]:

KLCI had a slight rebound back towards the 1549 points region with an overall positive market sentiment today. Daily trading volume however remains around the 2.84 billion mark, which is still quite low.

Main stocks that showed strong buying momentum would be the likes of TANCO, DNEX, POS, YTL, GAMUDA, SNS, NATGATE, SIMEPROP, TM, MAYBANK, EWINT, LCTITAN, and MNHLDG. All of which were able to sustain their rallies throughout the day on the top volumes list.

$LCTITAN / 5284 (LOTTE CHEMICAL TITAN HOLDING BERHAD) was definitely one of the star performers today as it broke out strong from its RM 0.45+ major resistance, rallying all the way towards the RM 0.575 regions with huge volume and buying momentum here.

For now looking quite strong here and if able to sustain above its RM 0.53+ immediate support, could continue to trend back up towards the RM 0.60+ regions in the coming week.

Will be monitoring LCTITAN closely. This rally came after it announced reduced losses from its latest QR.

$GAMUDA / 5398 (GAMUDA BERHAD) fter retracing back towards the RM 4.30+ support levels over the past 2 trading days, been able to form a higher low region and broke out strong back towards the RM 4.52 regions today, even closing on its intraday high here with good volume.

For now as long as able to keep this up, could continue on towards and beyond its RM 4.60+ major resistance levels soon in the coming week for an uptrend continuation pattern.

Will be monitoring GAMUDA closely.

Titan Trading Notes For Tuesday [6/5/2025]:

KLCI had a slight retracement and closed red around the 1539 points region with an overall negative market sentiment as we saw over 600 counters closing red along with it for the day. Overall daily trading volume remains low around the 2.3 billion mark.

Main stocks that showed strong buying momentum would be the likes of SFPTECH, YTL, ASIAPLY, CAPITALA, YTLPOWR, SIMEPROP, UEMS, and CMSB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

CAPITALA was definitely one of the best performers today as it broke out all the way towards the RM 0.89+ regions with huge volume and buying momentum despite the weak market sentiment here.

So far looking very strong here and if able to hold above its RM 0.85+ immediate support on the daily chart, could continue on towards and beyond its RM 0.92+ major resistance levels soon in the coming weeks.

Will be monitoring CAPITALA

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand after its huge announcement, gapped up and rallied briefly towards the RM 4.50+ regions only to take a huge hit from sellers selling on news, closing back towards the RM 4.38 regions here.

So far seems to be holding quite well and as long as able to sustain above its RM 4.30+ immediate support, could continue to trend back up towards the RM 4.50 - RM 4.60+ major resistance levels soon in the coming weeks.

Will be monitoring GAMUDA closely.

Titan Trading Notes For Monday [5/5/2025]:

KLCI had a slight rebound back towards the 1542 points region with an overall positive market sentiment during last Friday. Overall daily trading volume however, remains low as we closed around the 2.7 billion mark.

Clearly, foreign fund flows been coming back from the huge selling activities over the past few weeks with relatively low local retail participation. As such, we need to focus on bigger cap stocks with more liquidity to make the most out of this.

Main stocks that showed strong buying momentum would be the likes of REACHTEN, NATGATE, JAKS, GAMUDA, TANCO, MYEG, SFPTECH, RTECH, EWINT, NOTION, INARI, EKOVEST, SNS, CTOS, TOPGLOV, VS, GENETEC, SIMEPROP, and CAPITALA. All of which were able to sustain their rallies throughout the day on the top volumes list.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) was definitely one of the best performers on Friday as it broke out strong from its RM 1.50+ major resistance levels on the daily chart and rallied all the way towards the RM 1.52 regions.

So far seems to have shown a strong signal that it's dipped out already. For now as long as able to sustain above its RM 1.50+ immediate support, could continue to trend back up towards the RM 1.75+ major resistance levels in the coming week.

Will be monitoring NATGATE closely.

$GAMUDA / 5398 (GAMUDA BERHAD) since its earlier breakout from its RM 4.10+ main downtrend resistance, been able to sustain its buying momentum and rallied all the way towards the RM 4.40 regions with huge volume and buying momentum on Friday, even closing on its intraday high.

So far looking very strong here and if able to keep this up, could be testing its RM 4.55 - RM 4.60+ major resistance levels in the coming week here until we see a potential pullback on the daily chart.

Will be monitoring GAMUDA closely.

Titan Trading Notes For Friday [2/5/2025]:

KLCI had a good rebound back towards the 1540 points region with an overall market sentiment as the market rebounded as a whole. Daily trading volume however remains low as we closed around the 2.5 billion mark with HSI warrant still taking up over 300-400 million in trading volume.

Main stocks that showed strong buying momentum would be the likes of NATGATE, RTECH, SUMI, CIMB, GAMUDA, SALUTE, MSB, KPJ, ARMADA, YTL, YONGTAI, and AMBANK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) since its earlier breakout from its RM 1.25+ major resistance levels, been able to sustain the rally and rallied towards the RM 1.36+ regions on Wednesday with good volume and buying momentum.

Seems to have formed its dip region already and if able to sustain above its RM 1.30+ immediate support, could continue to trend back up towards the RM 1.50+ major resistance levels in the coming weeks here.

Will be monitoring NATGATE closely for potential trading opportunities.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since breaking out from its RM 4.10+ main downtrend resistance earlier this week, been able to hold well and broke out strong towards the RM 4.24 regions with huge volume and buying momentum on Wednesday

For now, it's looking quite bullish here and as long as able to sustain above its RM 4.15+ support, could continue on towards and beyond its RM 4.35+ major resistance levels in the coming week here for an uptrend continuation pattern.

Will be monitoring GAMUDA closely

Overall market sentiment seems to be recovering quite well here as US market and HK have also been recovering on their end. We see foreign funds start coming back into Bursa.

However, retail participation is still low, which is why we have to focus primarily on more liquid and fund driven stocks to increase our chances of winning.

We will be cautiously optimistic for now until US and China finally starts talking and reach a deal. I expect negotiations to start happening within this 1-2 weeks. Otherwise, shelves WILL be empty on US supermarkets.

Titan Trading Notes For Tuesday [8/4/2025]:

KLCI took a huge hit today ,retracing all the way towards the 1419 only to rebound slightly back towards closing red around the 1443 points region as tariff tensions continue between USA and China. Overall market sentiment was extremely bearish as we saw almost 1300 counters closing red for the day. Daily trading volume despite hitting high around 5.3 billion, was mainly dominated by selling activities.

$GAMUDA / 5398 (GAMUDA BERHAD) following the widespread sell off, wasn't spared today and took a hit all the way back towards the RM 3.60+ major support levels on the daily chart with huge volume today.

So far facing strong selling pressure above the RM 4+ regions but still able to hold above its RM 3.60 levels here. I believe GAMUDA isn't really affected by the tariffs directly and is purely suffering due to poor market sentiment.

If able to sustain above its RM 3.60 support, could bonce back towards the RM 4.20+ regions soon in the coming week. Will be monitoring GAMUDA closely.

$KPJ / 5878 (KPJ HEALTHCARE BERHAD) on the other hand also took quite a hit and retraced back towards the RM 2.49+ major support levels due to weak market sentiment. I believe KPJ shouldn't be directly affected by tariff tensions between countries.

For now taking a hit due to foreign outflows. If able to hold above its RM 2.50+ support levels, could bounce back towards the RM 2.80+ major resistance levels soon. Otherwise, could retrace further down towards its RM 2.40 support.

Will be monitoring KPJ closely for potential bargain hunting opportunities.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) also fell victim to the widespread sell offs today, likely from foreign funds here but its core business likely still not really affected by the tariffs imposed by USA as its core operations are mainly domestic and regional.

For now if able to sustain above its RM 2.90+ support levels, could see a rebound back towards the RM 3.40 - RM 3.50+ regions soon in the coming weeks here from being oversold.

Will be monitoring YTLPOWR closely.

Titan Trading Notes For Friday [28/3/2025]:

KLCI had a decent rebound back towards the 1535 points region with an overall positive market sentiment. Daily trading volume however remains low as we dipped back towards the 2.5 billion mark, not a very good sign.

Main stocks that showed strong buying momentum would be the likes of PBBANK, GAMUDA, POS, KPJ, IJM, NATGATE, MAYBANK, INNATURE, WCT, HARTA, SUNWAY, and INARI. All of which were able to sustain their rallies throughout the day today.

$GAMUDA / 5398 (GAMUDA BERHAD) fter announcing solid earnings last night, been able to breakout strong all the way back towards the RM 4.30+ regions with good volume and buying momentum today.

This came after it dipped back towards the RM 3.80+ support levels just a few weeks ago. For now seems to have formed its major dip region already and if able to sustain above its RM 4.10+ support, could trend back up towards the RM 4.80+ regions soon in the coming weeks.

Will be monitoring GAMUDA closely.

$SKHAWK / 03049 (STEEL HAWK BERHAD) on the other hand since retracing back towards the RM 0.41+ support levels, been able to recover slowly over the past few weeks here back towards the RM 0.46+ regions today with decent volume and buying momentum.

So far, it's showing pretty good sign of strength here and as long as able to sustain above its RM 0.445+ support, could breakout back towards the RM 0.48 - RM 0.50+ regions soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring HAWK closely.

金务大Q2多赚4.81%　360亿订单刷新高

金务大（GAMUDA，5398，主板建筑股）2025财政年次季（截至1月31日止）净利按年增长4.81%，至2亿1885万令吉；营收录得39亿零215万令吉，按年上扬17.15%。
‌
该公司上半年累积净赚4亿2424万令吉，按年上涨5.05%；累积营收按年上升31.01%，至80亿3824万令吉。
‌
金务大通过文告指出，累积订单在次季达到360亿令吉的历史新高，也是连续4年创新高。
‌
国内订单将进一步扩大
‌
“业绩的成长主要来自国内建筑业务的强劲贡献，主要由巨额订单所支撑（从70亿令吉扩大至140令吉）。”
‌
该公司续指，随著公司将获得多项大型新合约，预计国内建筑订单将在下个月进一步扩大。
‌
另一方面，金务大房产业务在次季取得11亿令吉销售，按年增长56%；而其未入账房产销售录得72亿令吉。

$GAMUDA / 5398 (GAMUDA BERHAD)

Source from Oriental Daily

Titan Weekend Chart Reviews

$GAMUDA / 5398 (GAMUDA BERHAD)

Been retracing over the past month back towards the RM 3.80+ main support levels on the daily chart here.

So far still able to hold well and bounced back towards the RM 4+ regions with good volume.

Short term still on a downtrend here and needs to breakout from its RM 4.40+ resistance before we can expect more.

Support: RM 4, RM 3.85 areas
Resistance: RM 4.15, RM 4.20, RM 4.40 areas

Titan Weekend Chart Reviews

$GAMUDA / 5398 (GAMUDA BERHAD)

Been retracing over the past few weeks since rebound back towards the RM 4.75+ regions.

For now, it's heading back towards the RM 4+ main support levels on the daily chart here. If able to sustain, could rebound back towards the RM 4.50+ regions soon.

Support: RM 4 area
Resistance: RM 4.10, RM 4.30, RM 4.50 areas

Remisier note post q4 result

$ECOWLD / 8206 (ECO WORLD DEVELOPMENT GROUP BERHAD)
$KPJ / 5878 (KPJ HEALTHCARE BERHAD)
$GAMUDA / 5398 (GAMUDA BERHAD)
-

Good morning 🌻

4Q24 Results: An Abysmal Quarter

- 4Q24 represented one of the most peculiarly (and frustratingly) depressing results seasons ever witnessed in recent memory, ie enduring a perfect storm of non-systemic but broad-based company specific disappointments
- These include Dialog’s unguided asset impairment, Hartalega’s guidance for a poorer 1Q25, Nestle’s revenue/earnings plunge, Genting’s dividend cut, etc
- Equally peculiar is the divergence of 2025-26 earnings revisions for coverage universe (-1.3%/-2.0%) and FBMKLCI (-0.1%, +0.4%) due to distortions ie upgrades for utility and plantation
- However, most sectors endured earnings cuts (refer to table of revisions by sector)

- Nevertheless, maintaining our playbook that sentiment will recover by 2Q25, guided by easing external headwinds
- But cutting FBMKLCI target to tentatively 1,690 from 1,800 after lowering valuations (-1SD or 14.9x 2025 earnings, from -0.75SD or 15.3x)
- Recalibrating TOP PICKS: EcoWorld (ECW), Gamuda Berhad, Hartalega, Hong Leong Bank, KPJ Healthcare (KPJ), RGB International, Press Metal and VS Industry.
- New additions ECW, Gamuda, Hartalega and KPJ replace Inari, IOI Property, My E.G. Services and Pekat

Thanks.

Titan Weekend Chart Reviews

$GAMUDA / 5398 (GAMUDA BERHAD)

Had a good breakout from its RM 4.30+ resistance which led to a further rally towards the RM 4.70+ regions here with good volume over the past few weeks despite the weak market.

For now looking quite strong here and as long as able to hold above its RM 4.50+ immediate support levels, could continue on towards the RM 5.30+ resistance levels soon.

Support: RM 4.70, RM 4.50 areas
Resistance: RM 4.85, RM 4.95, RM 5, RM 5.32 areas

My Trading Notes For Monday [10/2/2025]:

KLCI had a decent rebound back towards the 1590 points region on Friday with an overall positive market sentiment still. Daily trading volume also saw some improvements, trading back towards the 2.9 billion mark.

Main stocks that showed strong buying momentum would be the likes of MYEG, INARI, YTL, ASIAPLY, YTLPOWR, SRIDGE, NATGATE, GAMUDA, CIMB, TANCO, TECHBND, CFM, JCY, SIMEPROP, SNS, MSM, and IJM. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since retracing back towards the RM 0.915+ main support levels over the past few weeks, been able to hold strong and broke out all the way towards the RM 1.03+ regions with good volume and buying momentum during Friday.

For now looking quite bullish here and as long as able to hold above its RM 1 immediate support levels on the daily chart, could continue to trend back up towards the RM 1.07+ major resistance levels soon for an uptrend continuation pattern.

Will be monitoring MYEG closely here.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since retracing back towards the RM 3.95+ main support levels over the past 2 weeks, been rebounding strong and even broke out towards the RM 4.56 regions with good volume and buying momentum on Friday.

So far looking quite strong here and as long as able to hold above its RM 4.40+ immediate support, could continue to trend back up towards the RM 4.70 - RM 4.80+ major resistance levels soon in the coming week.

Will be monitoring GAMUDA closely here.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) o n the other hand since breaking out from its RM 1.27+ major resistance levels on Thursday, was able to maintain its buying momentum and rallied towards the RM 1.47+ regions with huge volume and buying momentum here.

Looking very strong here and as long as able to hold above its RM 1.40 support, could be testing its RM 1.52 major EMA 200 resistance levels soon on the daily chart in the coming few days.

Will be monitoring MSM closely.

Titan Weekend Chart Reviews

$GAMUDA / 5398 (GAMUDA BERHAD)

Following its huge dump back towards the RM 3.95+ main support levels, been able to hold well and rebound strongly back towards the RM 4.56 regions over the past 2 weeks here.

For now showing signs of a reversal pattern. As long as able to hold above its RM 4.30 support, could trend back up towards its RM 4.70 - RM 4.80 regions soon.

Support: RM 4.50, RM 4.30 areas
Resistance: RM 4.70, RM 4.80, RM 5 areas

Titan Trading Notes For Friday [7/2/2025]:

KLCI had a decent rebound back towards the 1585 points region with an overall positive market sentiment today. Daily trading volume also settled around the 2.9 billion mark, which is a slight improvement from the day before.

Main stocks that showed strong buying momentum would be the likes of MYEG, INGENIEU, ASIAPLY, GAMUDA, GENETEC, DATAPRP, NATGATE, CBHB, YTL, KPJ, SCABLE, YTLPOWR, VS, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since retracing back towards the RM 0.915+ main support levels, was able to rebound strong and broke out towards the RM 0.99 regions today with good volume and buying momentum here on the daily chart.

So far seems to be trending upwards slowly here. As long as able to hold above its RM 0.96+ immediate support level, could continue on towards and beyond its RM 1+ major resistance levels soon in the coming weeks.

Will be monitoring MYEG closely.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since retracing back towards the RM 3.95+ main support levels last week, been able to rebound strongly and broke out towards the RM 4.47+ regions today with good volume and buying momentum.

Seems to have formed its higher low regions already and as long as able to hold above its RM 4.30+ support levels, could continue to trend back up towards the RM 4.75+ major resistance levels soon in the coming weeks.

Will be monitoring GAMUDA closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) since consolidating over the past 6-7 months here without much volume and buying momentum, was able to breakout from its RM 1.27 resistance and rallied towards the RM 1.29 regions and closed on its intraday high.

Looking quite strong here and could be an early sign of a trend reversal. If able to hold above its RM 1.20+ immediate support levels, could continue to trend back up towards the RM 1.37 - RM 1.40+ major resistance levels soon.

Will be monitoring MSM closely.

Titan Trading Notes For Thursday [6/2/2025]:

KLCI had a decent rebound back towards the 1574 points region with an overall positive market sentiment today as we resumed our rebound from the day before here. Daily trading volume saw a decent surge back towards the 2.8 billion mark, which isn't too bad, but not great yet.

Main stocks that showed strong buying momentum would be the likes of GAMUDA, MYEG, NATGATE, YTL, AUMAS, YTLPOWR, CBHB, SIMEPROP, VELESTO, SUPERMX, SALUTE, ASIAPLY, and MAHSING. All of which were able to sustain their rallies throughout the day on the top volumes list.

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) was definitely one of the star performers today as it was able to breakout strong all the way towards the RM 0.96+ regions with huge volume here as gold prices hit new highs.

So far looking quite strong and this came after a 3 month long consolidation-retracement phase all the way back towards the RM 0.755+ main support levels on the daily chart. Seems to have formed its higher low already and looks ripe for an uptrend continuation pattern.

Will be monitoring AUMAS closely here. Old name of AUMAS is BAHVEST for those who didn't know.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand was able to resume its rebound and broke out back towards the RM 4.40+ regions with good volume and buying momentum today on the daily charts.

Since retesting its RM 3.95 main support levels earlier last week, been able to rebound strongly without much selling pressure yet. For now as long as able to keep this up, could trend back towards the RM 4.75+ major resistance levels soon.

Will be monitoring GAMUDA closely here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since breaking out from its RM 1.47+ EMA 200 main resistance levels on the daily chart, been able to hold quite well above it over the past week here despite the shaky sentiment.

Today, it was even able to breakout towards the RM 1.56 regions with good volume and buying momentum. This says alot about its strength here, and could be on track to a full recovery on the coming months back towards the RM 2+ regions soon if able to keep this up.

Will be monitoring GENETEC closely here

Gamuda Signs Exclusive Agreement with Perak State Agency to Develop Water Infrastructure

Gamuda Bhd (KL:GAMUDA) has signed an exclusive agreement with the Perak government to develop infrastructure aimed at addressing water shortages in the northern region of the state.
‌
In a statement on Wednesday, the construction company said it has signed the agreement with Perbadanan Kemajuan Negeri Perak (PKNPk) to facilitate raw water transfer from Sungai Perak to Bukit Merah and develop the requisite infrastructure for treated water distribution, ensuring long-term water.
The parties will proceed with an official joint venture at a later stage, the statement read.
‌
Under the agreement, both parties will jointly manage all components of the water infrastructure, including overseeing the design, civil and structural engineering, utilities, risk mitigation and the implementation of local workforce and technology training programmes.

“We bring extensive experience in water-related infrastructure to this arrangement, having successfully delivered similar projects such as the Skim Bekalan Air Fasa 3 Sungai Selangor and the Stormwater Management and Road Tunnel (SMART), among others,” Gamuda Engineering executive director Faris Mohd Yusof said.
‌
Gamuda said it will also prioritise the local workforce and communities in the state through the development.
‌
PKNPk chief executive Datuk Redza Rafiq Abdul Razak said the project will address Perak's “most pressing issue” by resolving the state’s critical water challenges and ensuring water security for its residents by 2029.
‌
“With a steadily growing population and expanding economy, this water project is crucial for meeting the escalating domestic and industrial demand for clean water,” Redza said.
‌
“Upon completion, it will also bolster the development of the Kerian Integrated Green Industrial Park (KIGIP) and enhance agricultural irrigation in the district,” he said.
‌
This project also aligns with the 12th Flagship of the Perak Sejahtera 2030 programme, specifically under Flagship 12: Water Resources and Renewable Energy.
‌
At the closing bell, shares of Gamuda ended 20 sen or 4.78% higher at RM4.38, valuing the largest construction firm at RM25.19 billion.

$GAMUDA / 5398 (GAMUDA BERHAD)

Source: The Edge

Titan Trading Notes For Tuesday [28/1/2025]:

KLCI took a hit and retraced back towards the 1558 points region with an overall negative market sentiment as China's DeepSeek tore the market apart, especially those that are related to data centres.

There were no stocks among those on the top volumes list that did well today as most of them took a pretty huge hit.

Among those that took a huge hit, 1 of the main ones were $YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) as it broke below its RM 3.45+ main support levels and retraced all the way back towards the RM 3.22+ main support levels today with huge volume.

So far not looking too good here and needs to hold well above its RM 3.20+ support. Otherwise, could be retracing back towards the RM 3 main support levels soon.

DeepSeek really casted a huge doubt on the demand for NVIDIA's high end graphics cards...as such, YTLPOWR also took a huge hit.

Will have to monitor YTLPOWR closely and see if able to rebound soon or not.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand also took a huge hit and retraced back towards the RM 4.06 regions with huge selling activities here.

Nothing too surprising as GAMUDA is involved in building lots of data centres in Malaysia, and the overall outlook is not looking too good yet with DeepSeek coming into the markets.

For now needs to hold well above its RM 3.95+ main support levels on the daily chart otherwise, could retrace further down towards the RM 3.60+ regions in the coming weeks.

Will be monitoring GAMUDA closely.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) although had a huge breakout towards the RM 0.675 regions from the day before, took a pretty significant hit as it retraced back towards the RM 0.575 regions today.

Overall seems to have been dragged down by the market sentiment here. For now as long as able to hold above its RM 0.57 support, could still bounce back towards the RM 0.60+ regions.

Otherwise, may retrace back towards the RM 0.54+ main support levels. Will continue to monitor CORAZA

Titan Weekend Chart Reviews

$GAMUDA / 5398 (GAMUDA BERHAD)

Although had a decent rebound back towards the RM 4.40+ regions, been taking a hit over the past few trading days as well, retracing back below the RM 4.20 levels.

So far still showing a short term downtrend with RM 3.95+ as the main support levels on the daily chart.

Support: RM 4.10, RM 3.95 area
Resistance: RM 4.20, RM 4.30, RM 4.50 areas

Titan Trading Notes For Tuesday [21/1/2025]:

KLCI had a decent rebound back towards the 1572 points region with an overall positive market sentiment as our overall market started to rebound today from the huge selling activities last week. Daily trading volume however remains around the 2.9 billion mark for now.

Main stocks that showed strong buying momentum would be the likes of VELESTO, MYEG, GAMUDA, GENETEC, GIALOG, SIMEPROP, SNS, SALUTE, JCY, VANZO, UEMS, WINSTAR, and YBS, All of which were able to sustain their rallies throughout the day on the top volumes list.

$VELESTO / 5243 (VELESTO ENERGY BERHAD) since retracing back towards the RM 0.145+ main support levels over the past 2 months, been able to form a base and broke out towards the RM 0.195 regions today with good volume and buying momentum.

Although VELESTO is still showing a downtrend, this could be an early sign of a potential trend reversal soon. As long as able to hold above its RM 0.185 support, could breakout from its RM 0.21+ main downtrend resistance soon.

Will be monitoring VELESTO closely here.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand since rebounding strong from its RM 3.85+ main support levels during last Friday, was able to resume the buying momentum today, breaking out towards the RM 4.35+ regions here.

Although still seems to be facing some selling pressure, overall still looking not too bad here. As long as able to hold above its RM 4.30+ immediate support, could continue to trend back up towards the RM 4.50+ major resistance levels soon.

Will be monitoring GAMUDA closely here.

$CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) s higher low regions already on the daily chart. As long as able to hold above its RM 0.95+ immediate support, could continue on towards and beyond its RM 1.05 all time high levels soon for a bullish continuation pattern.

Will be monitoring CLOUDPT closely here

US President Donald Trump's inauguration will be happening tonight and I expect the market to have potential volatility going on. So do take that into account when planning your trades.

For better clarify on the overall direction, best to wait when US Market opens on Tuesday as it's a holiday tonight for them.

$GAMUDA / 5398 (GAMUDA BERHAD)
Research by TA

$GAMUDA / 5398 (GAMUDA BERHAD)
Research by RHB

$GAMUDA / 5398 (GAMUDA BERHAD)
Research by PBIV

$GAMUDA / 5398 (GAMUDA BERHAD)
Research by MAYBANK

$GAMUDA / 5398 (GAMUDA BERHAD)
Research by KENANGA

$GAMUDA / 5398 (GAMUDA BERHAD)
Research by HLIB

$GAMUDA / 5398 (GAMUDA BERHAD)
Research by CGSI

槟城轻快铁90亿工程待瓜分

备受瞩目的槟城轻快铁终于启动，在金务大（GAMUDA，5398，主板建筑股）持股60%的SRS财团正式委任成总承包商之后，还有90亿的合约大蛋糕，等待我国各大建筑企业瓜分。

根据财经周刊《TheEdge》报道，一些大型建筑公司已将目光投入槟城轻快铁项目剩余未完成的工程。

据了解，出席捷运机构（MRT Corp）简报会的，除了有金务大，还有马矿业工程私人有限公司、马资源（MRCB，1651，主板产业股）、WCT控股（WCT，9679，主板建筑股）、睦兴旺（MUHIBAH，5703，主板建筑股）、以及Pestech国际（PESTECH，5219，主板工业股）收购方Dhaya Maju（亚洲）私人有限公司等。

至于双威建筑（SUNCON，5263，主板建筑股）和IJM（IJM，3336，主板建筑股）也出席了简报会，但这两家公司更倾向于槟岛和北海中环车站之间跨海连接的土木工程。

值得注意的是，双威建筑和IJM原先就参与了第一次的竞标活动，但最终由金务大赢得。

成功置地（BJLAND，4219，主板消费股）的子公司成功铁路（Berjaya Rail）也是新晋者之一，但目前还未承包任何项目。

一位消息人士透露，现在的重点是系统工程，包括机车车辆，估计合约价值40亿令吉，而投标者需要在4月14日之前提交提案。

至于跨海链接工程，估计价值50亿令吉，预计今年第三季展开招标活动。

槟城轻快铁整个项目单程长35公里，系统包分为两类，一个是信号、轨道、和列车供应（Cat 1），另一个则是电源和电信系统（Cat 2）。

另一位消息人士透露，由于信号和列车工程属于外国公司领域，因此捷运公司允许Cat 1竞标者拥有高达49%的外资合作伙伴。

消息人士补充道，赢得Cat 1合约的公司，将与Cat 2的中标者，共同合作完成项目。

Source: 南洋商报

$GAMUDA / 5398 (GAMUDA BERHAD)
$IJM / 3336 (IJM CORPORATION BERHAD)
$WCT / 9679 (WCT HOLDINGS BERHAD)

Titan Trading Notes For Friday [17/1/2025]:

Despite global sentiment rebounding after CPI results, KLCI continued to be bearish today, closing red around the 1555 points region with an overall negative market sentiment as we saw over 520 counters closing red for the day.

Main stocks that showed strong buying momentum today would be the likes of CBHB, MYEG, TOPGLOV, ARMADA, JCY, and SUPERMX. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$ARMADA / 5210 (BUMI ARMADA BERHAD) despite the weak market sentiment, been able to hold well above its RM 0.62+ main support levels over the past 2 days and was able to rebound strong back towards the RM 0.66+ regions with good volume and buying momentum.

So far looking quite strong here no the daily chart and as long as able to sustain above its RM 0.635+ immediate support, could continue to trend up towards and beyond its RM 0.685 regions soon.

Will be monitoring ARMADA closely here.

Glove stocks on the other hand such as $TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) was able to show signs of a dip already as it held above its RM 1.14+ support levels well over the past 2 trading days and was able to rebound all the way back towards the RM 1.20+ regions with good volume.

Although still facing some selling pressure around the RM 1.20+ regions, its closing price of RM 1.19 was still a pretty good one. For now as long as able to sustain above its RM 1.15+ support, could bounce back towards the RM 1.25 - RM 1.30+ major resistance levels soon.

Will be monitoring TOPGLOV closely here.

Major Construction of Data Center related stocks like GAMUDA, SUNWAY. SUNCON, and MAHSING are still facing strong selling pressure.

I use $GAMUDA / 5398 (GAMUDA BERHAD) s the benchmark leader, today it retraced all the way back towards the RM 4.15+ major support levels with even larger selling volume than the days before. This is a sign that major funds are offloading heavily all at once.

This is kind of like panic selling, mostly from the institutions due to potential policy changes that will affect our growth in the data center space. For now still too early to say anything yet and it unable to rebound, could continue to trend down towards the RM 3.90 - RM 4+ major support levels on the daily chart before we see a meaningful rebound.

Will have to monitor it closely and see how it goes. Will continue to caution against early attempts of dip buying before the charts start showing any signs of a rebound.

If one wants to know what triggers a broad base sell off in DC stocks - this could be the answer today.

It’s a great write up from SemiAnalysis (like always), been following them for years - never knew they will move the Malaysian market too haha.

@terence775 @boncos @wsk20 @nicholascheh @eugenewong @tapdance

$MNHLDG / 0245 (MN HOLDINGS BERHAD) $GAMUDA / 5398 (GAMUDA BERHAD) $YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)

https://cutt.ly/3e9Xjfc4

—

We believe that the exponentially growing Johor market, in Malaysia, has the most to lose. Johor, just a few miles north of Singapore, is by far the most aggressive overseas near-term AI build out. In Malaysia we see a critical IT power of nearly 800MW exiting 2024, forecasting growth to 1,798 MW by 2025, and 3,240 MW by 2027. We believe that AI Accelerator deployments represent close to half of the total estimated 2027 capacity, almost all of which is earmarked for very high rack densities of up to 130kW per rack – suitable for the GB200 NVL72.

However, unlike Brazil and India, one of Johor’s largest end-users is US-restricted company ByteDance. TikTok’s owner is, we believe, the largest user of the “GPU Cloud loophole”, working with both established hyperscalers like Oracle and Microsoft, and Neoclouds.

We show below the scale of the Oracle-ByteDance complex operations, with ByteDance leasing capacity to deploy CPUs and some unrestricted GPUs like B20 and H20, while also renting state-of-the-art GPU systems from Oracle for more resource-intensive workloads. In addition, we know of several Neoclouds with H100 nodes deployed in Johor.

In addition, Malaysia boasts the largest Sovereign AI initiative in the world, by a wide margin, carried out by YTL.

This Malaysian energy-focussed conglomerate has planned the project with multiple angles – buildings for traditional datacenter colocation, and other facilities set aside specifically for providing AI Neocloud services, which include plans to “deploy and manage Nvidia’s AI supercomputer in Johor”.

They first made their big entrance into the datacenter market in 2022, where they announced a 500MW total power datacenter powered by entirely green energy. Soon after, the company stated its partners, tenants, and phases for the project to go live. Sea Ltd would be the anchor tenant with 36MW, another phase that would allocate MW to whichever hyperscaler signed, finally announcing the foray into the AI Neocloud market backed by a USD$4.3B partnership with Nvidia.

A significant partnership with Nvidia and deals with hyperscalers spurred rapid development in the site. Images taken of YTL’s site as of Jan 1, 2025 show the buildings developed for Sea, the respective buildings for the signed Hyperscaler, and the AI Neocloud sites under construction. YTL is building for high density Direct-to-Chip liquid cooling, making it one of the largest and highest power density datacenter facilities globally.

YTL is Malaysia’s featured Sovereign AI initiative, and it is the largest Sovereign AI initiative in the world by far. However, the AI Diffusion Framework presents a key challenge to key aspects of YTL’s Neocloud business plan. If YTL cannot obtain an NVEU license they may not be able to grow Nvidia’s AI Cluster to a significant size, let alone establish one of the world’s largest Neoclouds with potentially hundreds of MW of AI GPU capacity. The Managing Director of YTL has come out saying that there is nothing to worry about, and that the Nvidia partnership should give them preferential treatment, but we would like to await further clarity.

The other part of their business, colocation, is also facing a significant hit to its growth potential, with the ByteDance-Oracle complex and the broad Neocloud market likely to be restricted, limiting the pool of potential customers. They will need to focus squarely on seeking out business with US Hyperscalers instead. We show below the pipeline of one of Johor’s largest operations, GDS Holdings, and its rebranded international affiliate DayOne.

In general, for a Datacenter developer, the worst case scenario is when carrying out “speculative builds “ (i.e. without a pre-leasing commitment), and the speculatively built facility ends up only partially leased or even worse, completely empty. A 100-200MW datacenter campus requires capex in the billions of dollars, the impact to the company’s ROI and cashflow could be massive. Real estate projects are by nature highly leveraged, landing sponsors and developers in financial distress very quickly if they are wrong footed.

Titan Trading Notes For Tuesday [14/1/2025]:

KLCI took quite a severe hit and retraced all the way back towards the 1585 points region with an overall bearish market sentiment as we saw almost 900 counters closing red along with it today. Daily trading volume settled around the 2.8 billion mark, mainly dominated by selling activities.

Main stocks that showed strong buying momentum today would be the likes of ELRIDGE, DIALOG, and PBBANK. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$ELRIDGE / 0318 (ELRIDGE ENERGY HOLDINGS BERHAD) despite the super bearish market sentiment, was able to breakout all the way towards the RM 0.475 regions with good volume and buying momentum today here.

Although still facing some selling pressure around the RM 0.47+ regions, its closing price of RM 0.46 was still a pretty decent one and as long as able to sustain above its RM 0.44+ support, could still continue to trend back up towards the RM 0.49+ major resistance levels soon here.

Will be monitoring ELRIDGE closely as still showing good strength.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand took a hit from its RM 4.15+ main support levels and retraced all the way back towards the RM 3.90 - RM 4 main support levels today, suffering from huge selling activities.

This could be caused by America listing Malaysia as a Tier 2 country, potentially limiting access to high end US chips. However, YTLPOWR came out to clarify that they will not be affected by the latest announcement on the limitation on the export of GPUs. With that, the market may see it positively and start buying it back up tomorrow.

For now as long as able to sustain above its RM 4 support, could rebound back towards the RM 4.20+ resistance levels soon. Will be monitoring YTLPOWR closely.

$GAMUDA / 5398 (GAMUDA BERHAD) lthough been taking quite a hit since breaking out towards the RM 5.30+ all time high levels over the past week, been taking a hit even today, retracing all the way back towards the RM 4.79 regions with huge selling pressure.

However, they later announced that 1 of its subsidiaries where GAMUDA has a 60% ownership secured the RM 8.3 billion Penang LRT project which is about to commence soon. This would boost GAMUDA's 2025 order book by 72% to RM 11.5 billion.

Will be expecting GAMUDA's share price to recover quite soon here and will be monitoring it closely.

With global markets having a larger correction, expecting our local sentiment to be affected as well at least in the short term. As such we'll have to be more cautious when making our trades and try to increase our cash positions.