Hup Seng Industries Berhad

Titan Trading Notes For Wednesday [12/2/2025]:

KLCI retraced briefly back towards the 1589 points region with an overall mixed market sentiment as we still had 590 counters closing red along with it for the day. Daily trading volume however remains healthy around the 3 billion mark, a pretty good sign of recovery here.

Main stocks that showed strong buying momentum would be the likes of COLFORM, ASIAPLY, KAB, RL, DSONIC, CIMB, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$RL / 0219 (RESERVOIR LINK ENERGY BHD) ince its earlier failed breakout towards the RM 0.40 major resistance levels during November, been recovering well from its RM 0.325+ main support levels, and is now hovering around the RM 0.35 - RM 0.36 regions with growing buying momentum and volume.

So far looking quite bullish here and as long as able to hold above its RM 0.345+ immediate support levels, could breakout back towards the RM 0.40+ major resistance levels once more. A breakout from its RM 0.37 resistance would be a first confirmation signal.

Will be monitoring RL closely here.

$ASIAPLY / 0105 (ASIA POLY HOLDINGS BERHAD) on the other hand since its earlier breakout from its RM 0.090+ major resistance, been breaking out strong all the way towards the RM 0.155 regions with huge volume and buying momentum on Monday.

Looks like it's on a huge parabolic rally here. For now as long as able to hold above its RM 0.13 immediate support on the daily chart, could continue towards and beyond its RM 0.155+ major resistance levels.

Will be monitoring ASIAPLY though not sure what's going on as the breakout is quite sudden.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since its earlier breakout towards the RM 1.30 regions, been retracing and consolidating over the past 2-3 months here without much volume and action, forming a base around its RM 1.07+ EMA 200 main support level.

For now looking quite decent here and with its latest solid earnings of over RM 17 million, expecting it to drive back up towards the RM 1.13 - RM 1.15+ regions soon in the coming few days.

Will be monitoring HUPSENG closely

Titan Weekend Chart Reviews

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD)

Potential major cup and handle in the forming here, and if able to breakout from its RM 1.23+ main resistance, could breakout back towards and beyond its RM 1.27+ regions for a further all time high rally.

Overall looks quite bullish in the mid term here.

Support: RM 1.20, RM 1.16 areas
Resistance: RM 1.23, RM 1.27, RM 1.30 areas

Titan Trading Notes For Friday [29/11/2024]:

$KLCI closed red around the 1597 points region with an overall negative market sentiment today as we saw over 600 counters closing red for the day. Daily trading volume remains average around the 2.7 billion mark, which is nothing to shout about yet.

Main stocks that showed strong buying momentum would be the likes of GENETEC, JCY, YNHPROP, YTL, SCGBHD, JTIASA, MINOX, YTLPOWR, CEB, and CAPITALA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$JCY / 5161 (JCY INTERNATIONAL BERHAD) since announcing a solid net profit of over RM 16 million in its latest quarter over the past 2 days, had been able to maintain strong buying momentum and volume here, even breaking out from its RM 0.42+ main downtrend resistance today.

It's looking quite strong here after over 6 months of constant selling activities since hitting the RM 0.93 local high levels. As long as able to hold above its RM 0.40 - RM 0.42 immediate support, could be the start of a major trend reversal soon ,potentially trending back up towards the RM 0.50+ regions here.

Will be monitoring JCY closely.

$YNHPROP / 3158 (YNH PROPERTY BERHAD) since breaking out from its RM 0.50+ major resistance levels, had been trending up over the past 2 weeks here, breaking out towards the RM 0.70 major resistance levels with good volume today.

So far not showing any signs of weakness yet and as long as able to sustain above its RM 0.64+ immediate support, could continue to trend up towards and beyond the RM 0.70+ major resistance levels for a bullish continuation pattern.

Will be monitoring YNHPROP closely as something big might be brewing here.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since breaking out from its RM 1.16+ immediate downtrend resistance last week, had been able to sustain and broke out all the way towards the RM 1.29 regions with huge volume and buying momentum today.

So far looking very bullish here and as long as able to sustain above its RM 1.23+ immediate support, could continue to trend up towards the RM 1.30+ regions soon in the coming weeks here for an uptrend continuation pattern.

Will be monitoring HUPSENG closely.

Titan Trading Notes For Monday [11/11/2024]:

$KLCI retraced back towards the 1621 points region with an overall negative market sentiment on Friday as we still saw over 650 counters closing red for the day along with it. Daily trading volume remained around the 2.6 billion mark, which is just average.

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

$AGX / 0299 (AGX GROUP BERHAD) was definitely the star player for the day was it was able to breakout all the way towards the RM 0.63 regions with huge volume and buying momentum here despite the weak market sentiment.

This came after it retraced and consolidated over the past few months with RM 0.48 - RM 0.50+ as the main support levels. For now, it's doing very well here and despite being overbought, as long as able to hold above its RM 0.585+ immediate support, could continue on beyond its RM 0.635 all time high soon.

Will be monitoring AGX closely here as seems to be ripe for a bullish continuation pattern.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since its earlier breakout towards the RM 1.20 regions after announcing record high profits, had been able to hold well above its RM 1.12+ main support levels on the hourly charts despite the weak market.

For now, still looking quite strong here and as long as able to sustain, could breakout back towards and beyond the RM 1.20+ major resistance levels soon for a further bullish continuation pattern soon.

Will be monitoring HUPSENG closely here

With FCPO prices rallying, it's not surprising to see stocks like $THPLANT / 5112 (TH PLANTATIONS BERHAD) breaking out strong during last Friday, breaking out all the way towards the RM 0.72+ regions with growing volume and buying momentum despite the weak market.

For now still looking very strong here and as long as able to hold above its RM 0.70+ immediate support levels, could continue on towards and beyond the RM 0.75 - RM 0.78+ major resistance levels soon.

Titan Trading Notes For Friday [8/11/2024]:

After a brief rally from the day before when Trump won the elections, $KLCI retraced back towards the 1623 points region today with an overall bearish market sentiment as we still saw over 640 counters closing red for the day. Daily trading volume settled around the 3.77 billion mark, which is still pretty decent if able to sustain this amount.

Main stocks that showed strong buying momentum would be the likes of 3REN, EKOVEST, INARI, SDCG, SORENTO, TANCO, SCIB, and MKHOP. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$3REN / 0328 (3REN BERHAD) after its strong debut yesterday, was able to resume its buying momentum and broke out all the way towards the RM 0.47 regions, forming a new high once more despite the weak market sentiment here with good volume and buying momentum.

So far looking quite strong here and as long as able to hold above its RM 0.435+ immediate support levels, could continue on towards and beyond the RM 0.47 all time high levels soon for a bullish continuation pattern.

Will be monitoring 3REN closely here as the IPO theme runs strong.

$INARI / 0166 (INARI AMERTRON BERHAD) since breaking out towards the RM 2.90+ regions from the day before, was able to carry forward this buying momentum and rallied all the way towards the RM 3.20+ regions with huge volume and buying momentum today.

This came after a 3-4 month long retracement since breaking out towards the RM 4.01 all time high levels during July. For now looking quite strong here and as long as able to hold above its RM 3.10+ immediate support levels on the daily chart, could continue to trend up towards the RM 3.30 - RM 3.40+ regions soon.

Will be monitoring INARI closely

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) after announcing a record high earning from its latest QR and declaring 3 cents of dividend, was able to gap up and broke out all the way towards the RM 1.20 regions with good volume and buying momentum today.

Although it faced some selling pressure which saw the stock close back towards the RM 1.14 regions, it's still looking quite good here and as long as able to hold above this region, could trend back up towards the RM 1.20+ regions once more for an uptrend continuation pattern.

Will be monitoring HUPSENG closely

Titan Trading Notes For Monday [14/10/2024]:

$KLCI retraced back towards the 1633 points region with an overall negative market sentiment as we saw almost 550 counters closing red for the day along with it. Daily trading volume remained low around the 2.2 billion mark, mainly dominated by sellers.

Main stocks that showed strong buying momentum would be the likes of SINKUNG, TOPGLOV, YEWLEE WA, YEWLEE, SUPERMX, HUPSENG, TANCO, SPSETIA, SUNWAY, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) was definitely one of the star performers during last Friday. Since breaking out from its RM 1.08+ main downtrend resistance levels, was able to breakout all the way towards the RM 1.20+ regions with huge volume and buying momentum.

So far looking quite bullish here despite being overbought. As long as able to sustain above its RM 1.15+ immediate support levels, could continue on towards and beyond the RM 1.25 - RM 1.30+ major resistance levels soon for an uptrend continuation pattern.

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

$SINKUNG / 0305 (SIN-KUNG LOGISTICS BERHAD) on the other hand since breaking out from its RM 0.175+ main downtrend resistance over the past few weeks, had been able to hold quite well above it and rallied all the way towards the RM 0.22 regions during last Friday, forming a new all time high here.

So far looking quite strong despite being overbought. As long as able to hold above its RM 0.185 - RM 0.20 immediate support levels, could continue on towards and beyond the RM 0.22+ all time high levels for a bullish continuation pattern.

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

$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) since breaking out from its RM 2.90 major resistance levels, was able to hold strong and broke out all the way towards the RM 3+ regions during last Friday despite the weak market sentiment.

So far looking quite strong here and as long as able to hold above its RM 2.90 immediate support levels now, could continue on towards and beyond the RM 3.10 - RM 3.20 major resistance levels soon.

Will be monitoring HARTA closely as seems to be ripe for an uptrend continuation pattern already.

Titan Trading Notes For Monday [2/9/2024]:

$KLSE-KLCI had a huge breakout towards the 1678 regions with an overall positive market sentiment with Property, Construction, Technology, and the Financial sector all showing good gains to close for the week. Daily trading volume also settled quite well around the 3.9 billion mark.

Main stocks that showed strong buying momentum would be the likes of SUNWAY, PBBANK, CEB, CIMB, YTLPOWR, SIMEPROP, SPSETIA, NOTION, YTL, GAMUDA, MALAKOF, TENAGA, ARMADA, TANCO, SIME, ELRIDGE, JCY, ECOWLD, INARI, NATGATE, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SUNWAY / 5211 (SUNWAY BERHAD) since retracing back towards the RM 3.90+ main support levels over the past week, had been able to hold well above this support region and broke out back towards the RM 4.10++ regions with huge volume during Friday.

For now looking very strong here and as long as able to sustain above its RM 3.90 - RM 4 main support levels, could continue on towards and beyond its RM 4.40+ major resistance levels for an uptrend continuation pattern soon.

Will be monitoring SUNWAY closely as seems to be trending upwards quite strongly here.

$PBBANK / 1295 (PUBLIC BANK BERHAD) on the other hand although retraced back towards the RM 4.70 main support levels during Thursday, was able to form an immediate higher low support and broke out back towards the RM 4.82 regions with huge volume and buying momentum on Friday.

For now looking quite strong here and as long as able to sustain above its RM 4.74+ immediate support levels on the hourly charts, could continue to trend up towards and beyond the RM 4.84+ regions in the coming weeks.

Will be monitoring PBBANK closely.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since breaking out from its RM 1.10+ main downtrend resistance earlier last week, had been able to hold well above this region and broke out towards the RM 1.16+ regions with good volume and buying momentum on Friday.

For now looking quite strong here and could be ripe for a potential uptrend continuation pattern towards and beyond the RM 1.20+ major resistance levels soon in the coming weeks.

Will be monitoring HUPSENG closely.

Titan Trading Notes For Wednesday [28/8/2024]:

$KLSE-KLCI had a good breakout towards the 1652 points region today but unfortunately, our market sentiment remains in a bearish tone as we still saw 640 counters closing red for the day. Daily trading volume settled around the 3.18 billion mark, mostly dominated by selling activities.

Main stocks that showed strong buying momentum today would be the likes of VELESTO, PBBANK, TANCO, MAYBANK, SPSETIA, PMETAL, PBA, AMBANK, and BJLAND. All of which were able to sustain their rallies throughout the day on the top volumes list.

$PBBANK / 1295 (PUBLIC BANK BERHAD) although retraced back towards the RM 4.50+ main support levels over the past few days, was able to hold above its support and broke out strong all the way towards the RM 4.70 major resistance levels today with huge volume and buying momentum.

So far looking very strong here and as long as able to sustain above its RM 4.60+ immediate support levels, could continue on towards and beyond the RM 4.85+ regions soon for an uptrend continuation pattern.

Will be monitoring PBBANK closely here as still seems to be trending upwards strongly.

$MAYBANK / 1155 (MALAYAN BANKING BERHAD) on the other hand also showed similar price action, since retracing back towards the RM 10.40+ main support levels on the hourly charts, had been able to hold above it as a higher low and broke out towards the RM 10.70++ regions today with huge volume and buying momentum.

For now looking quite bullish here and seems to be the main focus on smart monies now. As long as able to hold above its RM 10.60+ immediate support, could continue on towards and beyond the RM 11++ regions soon.

Will be monitoring MAYBANK closely here.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) despite the negative market sentiment, was able to breakout from its RM 1.10+ main downtrend resistance and rallied towards the RM 1.12 regions with good volume and buying momentum today.

For now seems to have formed its higher low regions already over the past few weeks with RM 1 as the main support. As long as able to sustain above its RM 1.08 immediate support levels on the daily chart, could continue on towards and beyond the RM 1.20++ regions soon.

F&B Players in Bursa Malaysia!

As Malaysians, we love our food. From the cream crackers with teh to our roti canai, we enjoy our local snacks and dishes everyday. But, did you ever consider that there are public listed companies manufacturing the food and beverages with consume? The F&B industry in Malaysia includes a diverse range of companies which play a key role to our nation’s Economy. Some of these companies are deeply rooted in Malaysia, while others are global players with strong local presences.

Here’s a closer look at some of the listed F&B players on Bursa Malaysia! Which companies do you support, and would they make compelling investment choices? Let us know in the comment section below!

$NESTLE / 4707 (NESTLE (MALAYSIA) BERHAD) $KLSE-F&N $DLADY / 3026 (DUTCH LADY MILK INDUSTRIES BERHAD) $HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) $CCK / 7035 (CCK CONSOLIDATED HOLDINGS BERHAD)

Titan Weekend Chart Reviews

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD)

Since breaking out towards the RM 1.30++ major resistance levels, had been retracing and consolidating over the past 2 months here.

For now formed solid support around the RM 1.04+ regions and still facing some selling resistance around the RM 1.10+ regions.

Needs to breakout from the RM 1.10 main downtrend resistance levels before we can expect more.

Support: RM 1.04, RM 1 areas
Resistance: RM 1.10, RM 1.15, RM 1.20 areas

Continuing the list here (part 4):

$LEESK / 8079 (LEE SWEE KIAT GROUP BERHAD) (MC: RM141.0Mil)– Dividend Policy of at least 30% of PAT
$FOCUSP / 0157 (FOCUS POINT HOLDINGS BERHAD) (MC: RM360.4Mil) – Dividend Policy of at least 30% of PAT
$TAMBUN / 5191 (TAMBUN INDAH LAND BERHAD) (MC: RM474.5Mil)- Dividend policy of 40% ~ 60% of PAT
$ELKDESA / 5228 (ELK-DESA RESOURCES BERHAD) (MC: RM554.9Mil) - Dividend policy of 60% of PAT
$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) (MC: RM840mil) - Dividend payout of at least 60% of PAT


MC: Approximate Market Cap

**Note: the dividend payout is subjected to cash flow, valuation gain/loss of properties, etc. (for details please read their respective annual reports)

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD)

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD)
Research by MIDF
NEUTRAL – TP RM1.04

" Stable Product Demand”

Hup Seng Industries (Hup Seng)’s 1HFY24 core PATANCI of RM23.4m (after excluding a one-time item of RM0.3m) came in within our full-year FY24F estimation and slightly above consensus at 44% and 50% respectively (historical 2H earnings ranged 40-45%), as we are cautiously optimistic about the volatility in CPO and sugar input costs. A dividend of 2 sen per share was declared during the quarter

Analyst:
MIDF Research
research@midf.com.my

Titan Trading Notes For Tuesday [25/6/2024]:

$KLSE-KLCI resumed its retracement, closing red around 1589 points today with an overall negative market sentiment as we saw over 900+ counters closing red along with it for the day. Daily trading volume also saw a dip back towards the 5 billion mark, which is still fine for a bad day.

Main stocks that showed strong buying momentum today would be the likes of TECHBASE, GDB, KAB, VS, MCLEAN, CABNET, TANCO, WONG, and CAPITALA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the negative market sentiment.

$MCLEAN / 0167 (MCLEAN TECHNOLOGIES BERHAD) since consolidating over the past month here with RM 0.25+ as its main support, was able to breakout strong from its RM 0.34+ major resistance today, rallying all the way towards the RM 0.43 regions with huge volume and buying momentum.

For now looking very strong here, potentially on a parabolic rally and as long as able to hold above its RM 0.38+ immediate support levels on the hourly charts, could continue on towards and beyond the RM 0.45+ regions soon.

Will be monitoring MCLEAN closely here to see how it develops. Seems like something big could be brewing here.

$CABNET / 0191 (CABNET HOLDINGS BERHAD) although retraced back towards its RM 0.525+ support levels yesterday,m was able to have a good rebound back towards the RM 0.59+ regions with good volume and buying momentum today despite the weak market sentiment.

For now still looking quite strong here and as long as able to hold above its RM 0.575 immediate support, could continue on towards and beyond its RM 0.635+ regions in the coming weeks here.

Will be monitoring CABNET closely.

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) since retracing all the way back towards its RM 1.08+ main support levels last week, had been able to hold well above its support and bounced back strong towards the RM 1.20 regions today with good volume and buying momentum.

For now as long as able to hold above its RM 1.15+ immediate support levels, could continue on towards and beyond its RM 1.25 - RM 1.30 all time high levels soon for an uptrend continuation pattern.

@tapdance $HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) just broke out....interesting times.

@Ryunanda Like the line of thought for $OFI / 7107 (ORIENTAL FOOD INDUSTRIES HOLDINGS BERHAD) .... maybe $HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD) deserves some attention too?

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD)

$HUPSENG / 5024 (HUP SENG INDUSTRIES BERHAD)
Research by MIDF
Buy (Maintain) – TP RM0.99

“Continuously Time-Honoured Household Choice"

We remain optimistic about Hup Seng’s FY24F outlook, bolstered by: (1) stable product demand driven by a strong household brand and the advantage of a shift in Malaysian consumer preferences towards local products; (2) a consistent dividend payout exceeding 70% over the past eight years; and (3) a robust net cash position of RM95.7m in FY24F that could safeguards against potential downside risks. We maintain our BUY recommendation on Hup Seng. Hup Seng currently offers a cheap FY25F PER of 11.3x, which is below its 5-year historical average PER of 18.2x.

Analyst:
Genevieve Ng Pei Fen
genevieve.ng@midf.com.my

General Meetings: Outcome of Meeting

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

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

Change in Remuneration Committee - ENCIK RAJA KHAIRUL ANUAR BIN RAJA MOKHTAR

Change in Risk Committee - ENCIK RAJA KHAIRUL ANUAR BIN RAJA MOKHTAR

Change in Boardroom - ENCIK RAJA KHAIRUL ANUAR BIN RAJA MOKHTAR

Change in Remuneration Committee - MR LIM POH SEONG

Change in Audit Committee - ENCIK RAJA KHAIRUL ANUAR BIN RAJA MOKHTAR

HUPSENG - Notice of Book Closure

Special Dividend

Third Interim Dividend