My E.g. Services Berhad

Titan Trading Notes For Friday [7/3/2025]:

KLCI retraced back towards the 1558 points region with an overall positive market sentiment today as markets finally started to rebound strong after the huge sell offs from the days before. That said, overall daily trading volume remains low around the 2.9 billion mark.

Main stocks that showed strong buying momentum would be the likes of MYEG, DNEX, SNS, YTL, INARI, HARTA, and JCY. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) was definitely one of the star performers today as it was able to breakout strong all the way towards the RM 0.99 regions with good volume and buying momentum here after retracing all the way back towards the RM 0.88+ major support levels earlier this week.

Overall still sideways here but if able to breakout from its RM 1+ major resistance levels, could start trending back up towards the RM 1.05+ major resistance levels soon in the coming weeks here if able to keep this up.

Will be monitoring MYEG closely.

$MSM / 5202 (MSM MALAYSIA HOLDINGS BERHAD) took a pretty huge hit earlier this morning after briefly testing the RM 1.20 regions, it took a huge hit all the way back towards the RM 1.12+ regions with huge selling pressure.

That said, was able to rebound strong back towards closing flat around the RM 1.17 regions here with good volume, suggesting strong buyers coming in to neutralize the selling activities already. If able to sustain, expecting some rebound back towards the RM 1.25+ resistance levels after the sellers had been neutralized.

Will be monitoring MSM closely.

Titan Trading Notes For Friday [21/2/2025]:

KLCI retraced further down towards the 1577 points region with an overall bearish market sentiment as we still saw over 640 counters closing red for the day along with it. Daily trading volume remains low around the 3.1 billion mark, mainly dominated by heavy selling activities.

Main stocks that showed strong buying momentum would be the likes of MYEG, NATGATE, HARTA, MRDIY, CBHB, 99SMART, GAMUDA, and KOSSAN. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) had a strong breakout towards the RM 2.18 regions with good volume earlier during the morning session but was met with some selling pressure, even retracing all the way back towards the RM 1.99+ support levels.

That said, it was still able to show strong buying momentum towards the end and closed back towards the RM 2.10 regions with good volume here. For now looking quite strong here and as long as able to hold above its RM 2 support, could continue to trend back up towards the RM 2.20+ regions for an uptrend continuation pattern.

Will be monitoring NATGATE closely.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) although took a hit from its RM 1.05+ resistance levels and retraced all the way back towards the RM 0.985+ support levels this morning, was able to rebound back towards the RM 1.02+ regions with good volume here.

So far looking quite strong on an uptrend 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 1.05 - RM 1.10+ regions soon in the coming weeks.

Will be monitoring MYEG closely here.

Overall market sentiment not looking good at all and volume is drying up. Have to stay cautious and increase cash positions.

Titan Weekend Chart Reviews

$MYEG / 0138 (MY E.G. SERVICES BERHAD)

Strong breakout from its RM 1+ major resistance last week and been able to hold well above it on the daily chart

If able to form its higher low region here, could continue to trend up further towards the RM 1.07 - RM 1.10+ major resistance levels soon for a huge rounding bottom pattern.

Support: RM 1 area
Resistance: RM 1.05, RM 1.07, RM 1.10 areas

Titan Trading Notes for Thursday [13/2/2025]

KLCI had a decent breakout back towards the 1603 points region with an overall positive market sentiment. Overall daily trading volume also saw an improvement as we hovered back towards the 3.15 billion mark.

Main stocks that showed strong buying momentum would be the likes of MYEG, RGB, PBBANK, YTL, INARI, YTLPOWR, YBS, SUPERMX, SRIDGE, SET, RL, SIMEPROP, and MAYBANK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$RGB / 0037 (RGB INTERNATIONAL BHD) was definitely the star performer today as it broke out from its RM 0.415+ main downtrend resistance and rallied all the way towards the RM 0.44 regions with huge volume and buying momentum.

So far looking quite bullish here and as long as able to sustain above its RM 0.415+ immediate support levels on the daily chart, could continue on towards its RM 0.45+ major resistance levels soon until its next pullback happens.

Will be monitoring RGB closely here as looking quite strong.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) on the other hand also had a decent breakout towards the RM 1.05 regions with good volume and buying momentum today on the daily chart.

This came after it broke out from its RM 1+ major resistance levels earlier last week. For now looking strong and as long as able to hold above its RM 1 support, could continue towards and beyond its RM 1.07 regions soon in the coming weeks.

Will be monitoring MYEG closely here.

With FCPO prices coming up, $JTIASA / 4383 (JAYA TIASA HOLDINGS BHD) had a decent breakout towards the RM 1.35 regions with good volume and buying momentum today, even closing on its intraday high here, which is a very good signal.

For now looking quite bullish and as long as able to hold above its RM 1.30 immediate support level, could continue on towards and beyond its RM 1.40+ major resistance levels soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring JTIASA closely here as seems to be leading the plantation sector.

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 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 Monday [27/1/2025]:

KLCI retraced back towards the 1573 points region during last Friday with an overall negative market sentiment as we saw over 650 counters closing red along with it. Daily trading volume settled around the 3 billion mark, which is still decent.

Main stocks that showed strong buying momentum would be the likes of VELESTO, MYEG, CORAZA, RL, SRIDGE, CIMB, and MAYBANK. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since retracing back towards the RM 0.87+ main support levels over the past 2 weeks, been able to rebound quite well on the daily chart here, hovering around its RM 0.96+ regions with good volume.

For now as long as able to sustain above its RM 0.945+ immediate support, could continue to trend back up towards the RM 1+ major resistance levels soon in the coming weeks.

Will be monitoring MYEG closely here.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) n the other hand was definitely one of the star performers on Friday as it managed to breakout from its RM 0.625+ major resistance and rallied all the way towards the RM 0.675 regions with huge volume and buying momentum despite the weak market sentiment.

For now looking strong despite facing some selling pressure above the RM 0.65+ major resistance. As long as able to keep this up, could continue to trend back up towards the RM 0.70+ major resistance levels soon.

Will be monitoring CORAZA closely.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since retracing back towards the RM 1.25+ main support levels over the past few weeks, been able to form a solid base here and broke out all the way towards the RM 1.50+ regions with good volume over the past week here.

So far looking quite bullish and as long as able to hold above its RM 1.40+ main support levels on the daily chart, could continue to trend back up towards the RM 1.80+ major resistance levels soon in the coming weeks.

Will be monitoring GENETEC closely here.

Titan Trading Notes For Monday [13/1/2025]:

KLCI had a slight rebound back towards the 1602 points region during last Friday with an overall mixed market sentiment as we still saw 530 counters closing red for the day. Daily trading volume remained around the 2.5 billion mark, which is pretty average for now.

Main stocks that showed strong buying momentum would be the likes of MYEG, YTL, YTLPOWR, VANZO, JCY, GAMUDA, SUPERMX, CLOUDPT, DSONIC, ARMADA, YBS, and MICROLN. All of which were able to sustain their rallies throughout the day despite the mixed market sentiment.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) although took a hit from the day before and retraced back towards the RM 0.92+ main support levels, was able to rebound strongly back towards the RM 0.97 regions with huge volume and buying momentum on Friday.

So far looking quite strong here and if able to sustain above its RM 0.95+ immediate support levels, could continue to trend back up towards the RM 1 major resistance levels soon for an uptrend continuation pattern.

Will be monitoring MYEG closely here.

$GAMUDA / 5398 (GAMUDA BERHAD) on the other hand also retraced back towards the RM 4.90+ main support levels from the day before, was able to rebound strongly back towards the RM 5+ regions on Friday with good volume here.

For now seems to be forming its higher low regions here and if able to sustain on the daily chart, could rebound back towards the RM 5.38 all time high levels soon in the coming weeks once more.

Will be monitoring GAMUDA closely here.

$CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) since retracing back towards the RM 0.90+ main support levels over the past few weeks, been able to form a stable base and broke out strongly from its RM 0.965+ main downtrend resistance and rallied all the way towards the RM 1+ regions soon.

For now looking very strong here and as long as able to sustain above its RM 0.965+ immediate support levels on the daily chart, 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

Titan Weekend Chart Reviews

$MYEG / 0138 (MY E.G. SERVICES BERHAD)

Had a sudden sell down back towards the RM 0.915 support levels but was able to swiftly rebound back towards the RM 0.965+ regions with good volume.

So far seems to be slowly trending upwards here. As long as able to sustain above its RM 0.92+ immediate support, could continue to trend back up towards the RM 1 regions soon.

Support: RM 0.96, RM 0.94, RM 0.92 areas
Resistance: RM 0.985, RM 1, RM 1.03 areas

Titan Weekend Chart Reviews

$MYEG / 0138 (MY E.G. SERVICES BERHAD)

Since breaking out from its RM 0.915+ main downtrend resistance, had been slowly trending upwards here with good volume.

For now as long as able to sustain above its RM 0.96 immediate support, could trend back up towards the RM 1.07+ major resistance levels soon.

Support: RM 0.96 area
Resistance: RM 0.985, RM 1, RM 1.03, RM 1.07 areas

Titan Trading Notes For Monday [30/12/2024]:

KLCI had a decent breakout back towards the 1628 points region with an overall positive market sentiment as KLCI window dresses to close for the year of 2024. Overall daily trading volume remains relatively low as we ended the day with only 2.8 billion.

Main stocks that showed strong buying momentum would be the likes of MYEG, JCY, CUSCAPI, SUPERMX, ECA, TOPGLOV, UEMS, EKOVEST, GAMUDA, TENAGA, MRCB, SIMEPROP, TANCO, MUIIND, IWCITY, HAWK, and DNEX. 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 breaking out from its RM 0.915+ main downtrend resistance with good volume and buying momentum earlier this month, been able to sustain its buying momentum over the past few weeks.

On Friday, was even able to breakout back towards the RM 0.97 regions with good volume and buying momentum. So far as long as able to hold above its RM 0.94+ immediate support, could continue to trend back up towards the RM 1+ regions soon.

Will be monitoring MYEG closely here as seems to be starting to trend back up soon.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) on the other hand since breaking out towards the RM 1.20+ regions, had been able to hold well above the RM 1.18 support over the past week despite the mixed market sentiment.

On Friday, it was even able to breakout back towards the RM 1.29 regions with good volume and buying momentum here. Looking very strong here and as long as able to sustain above its RM 1.22+ immediate support, could continue to trend back up towards the RM 1.30+ regions soon.

Will be monitoring SUPERMX closely here as it's one of the strongest glove counters that are trending back up now.

$SUNCON / 5263 (SUNWAY CONSTRUCTION GROUP BERHAD) since consolidating within a huge symmetrical triangle pattern over the past 5-6 months on the daily chart, was able to breakout from its RM 4.60+ major resistance levels over the past week and hold strong above it.

On Friday, it was even able to breakout towards the RM 4.73+ regions with good volume here. If able to sustain, could trend back up towards the RM 5+ major resistance levels in the coming weeks for an uptrend continuation pattern.

Will be monitoring SUNCON closely here

Titan Trading Notes For Tuesday [17/12/2024]:

KLCI retraced slightly back towards the 1606 points region with an overall negative market sentiment as we still saw over 650 counters closing red for the day. Daily trading volume maintained around the 3.1 billion mark, mainly dominated by sellers.

Main stocks that showed strong buying momentum would be the likes of MYEG, JCY, SUPERMX, GTRONIC, OMESTI, PWRWELL, SORENTO, AZAMJAYA, and SNS. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since breaking out from its RM 0.915+ main downtrend resistance, had been trending up over the past 2 weeks here, breaking out towards the RM 0.98 regions today with good volume and buying momentum.

So far looking quite bullish here and as long as able to sustain above its RM 0.935+ immediate support levels, could continue to trend back up towards its RM 1+ major resistance levels soon in the coming weeks.

Will be monitoring MYEG closely here as seems to be trending up strong.

$SORENTO / 0326 (SORENTO CAPITAL BERHAD) since retracing back towards its RM 0.385+ support levels last month, been slowly recovering here and broke out strong from its RM 0.45 all time high levels, rallying all the way towards the RM 0.475 regions, forming a new high here despite the weak sentiment.

For now looking quite bullish here and as long as able to sustain above its RM 0.45 immediate support, could continue to trend up towards and beyond the RM 0.50 major psychological resistance levels soon.

Will be monitoring SORENTO closely.

$JCY / 5161 (JCY INTERNATIONAL BERHAD) since its earlier wave up towards the RM 0.50+ regions, had been consolidating over the past 2 weeks with RM 0.47+ as the higher low region here and today, was able to breakout strong back towards the RM 0.53 regions with good volume and buying momentum.

Looking quite strong here and as long as able to sustain above its RM 0.50 immediate support, could trend back up towards the RM 0.55 - RM 0.575 regions soon in the coming weeks here.

Will be monitoring JCY closely here

Titan Trading Notes for Tuesday [10/12/2024]

$KLCI retraced back towards the 1611 points region with an overall negative market sentiment as we saw over 660 counters closing red for the day. Daily trading volume settled slightly over the 3 billion mark, which is still ok for current conditions.

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

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since breaking out towards the RM 1.15 major resistance levels during June, had been retracing and consolidating over the past 5-6 months without much volume and action here on the daily chart.

Today, it was able to breakout strong from its RM 0.925+ main downtrend resistance on the daily chart with huge volume and buying momentum, rallying all the way towards the RM 0.95+ regions here despite the weak market.

So far looking quite strong here and will be monitoring MYEG closely as could be the start of a new uptrend.

$JTIASA / 4383 (JAYA TIASA HOLDINGS BHD) on the other hand although retraced back towards the RM 1.40 support levels, was able to rebound and breakout strong all the way towards the RM 1.50 regions with huge volume and buying momentum despite being massively overbought here.

For now definitely looking parabolic and as long as able to sustain above its RM 1.40+ immediate support on the daily chart, could be testing its RM 1.53+ major resistance levels very soon here.

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

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) since breaking out from its RM 0.48+ major downtrend resistance, had been able to hold well and even broke out all the way towards the RM 0.56 regions with huge volume and buying momentum today.

Looking very bullish here on the daily chart despite being slightly overbought. As long as able to hold above its RM 0.52+ immediate support, could trend back up towards the RM 0.585 - RM 0.60+ major resistance levels soon for an uptrend continuation pattern.

Will be monitoring CORAZA closely as seems to be starting a new uptrend wave.

$MYEG / 0138 (MY E.G. SERVICES BERHAD)
Research by Maybank

@bursameme Yup, if not mistaken MIMOS is working together with $MYEG / 0138 (MY E.G. SERVICES BERHAD) to develop the Blockchain application.

@hokuan $MYEG / 0138 (MY E.G. SERVICES BERHAD) ?

UOBKH ALPHA PICKS OCT 2014

Sticking to the variety of investment themes, while adding China mega fiscal stimulus plans as an additional catalytic event driver. Our Alpha Picks are chosen to capitalise on foreign equity inflows (which favour selected banks) and near-term alpha events, including more newsflow on Iskandar 2.0 (eg details of the Special Economic Zone), further data centre related land sales, blockchain, e government project awards, M&As (Yinson is widely expected to deeply monetise its FPSO assets) and beneficiaries of China’s mega fiscal stimulus. A notable confidence booster is RGB International’s recent clarification that last year’s Malaysian Anti-Corruption Commission (MACC) assistance case has been resolved.

Meanwhile, concerns of lumpy forex loss for US dollar earners mostly discounted. Although the market has been wary of US dollar income earners needing to recognise lumpy forex translation losses in the upcoming reporting season (given the sharp rise in the ringgit against the USD), we retain RGB International and VS Industry in our Alpha Picks. These concerns have been mostly priced in as reflected in the stocks’ significant share price retreats from their respective highs in Sep 24, while we look forward to fresh re-rating catalysts.

$RGB / 0037 (RGB INTERNATIONAL BHD) $LAGENDA / 7179 (LAGENDA PROPERTIES BERHAD) $MYEG / 0138 (MY E.G. SERVICES BERHAD) $VS / 6963 (V.S. INDUSTRY BERHAD) $YINSON / 7293 (YINSON HOLDINGS BERHAD)

Titan Trading Notes For Thursday [19/9/2024]

$KLCI retraced briefly back towards the 1660 points region with an overall mixed market sentiment as we still saw over 520 counters closing red for the day. Daily trading volume remains relatively low around the 2.2 billion mark as we closed for the day.

Main stocks that showed strong buying momentum would be the likes of MYEG, CEB, JSB, AGX, DNEX, THETA, GENETEC, and EKOVEST. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) was quite interesting today as it managed to breakout all the way towards the RM 1+ regions here with huge volume and buying momentum earlier in the morning.

That said, it was met with fierce selling pressure which saw the stock closing back towards the RM 0.955 regions. For now still not looking too bad here and as long as able to sustain above its RM 0.935+ immediate support, could continue on an uptrend here still.

Will be monitoring MYEG closely here.

$AGX / 0299 (AGX GROUP BERHAD) since retracing back towards the RM 0.415+ major support levels over the past month, had been able to form a solid base and had been rebounding strong since then.

Today, it was even able to breakout towards the RM 0.57 regions with huge volume and buying momentum. This is a strong sign that it's ripe for an uptrend continuation pattern already.

As long as able to sustain above its RM 0.52+ support, could continue on towards and beyond the RM 0.60 all time high levels soon. Will be monitoring AGX closely.

$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) although retraced all the way back towards the RM 3+ main support levels this morning, had been able to hold well above this support region and rebound back towards the RM 3.11 regions to close for the day.

For now still looking not too bad here and as long as able to sustain above its RM 3+ immediate support levels, could continue on towards and beyond the RM 3.20 major resistance levels soon for an uptrend continuation pattern.

$MYEG / 0138 (MY E.G. SERVICES BERHAD)

Titan Trading Notes For Friday [6/9/2024]:

$KLSE-KLCI retraced once more back towards the 1664 points region with an overall negative market sentiment as we saw almost 800 counters closing red for the day. Daily trading volume settled around the 3.2 billion mark, mainly dominated by selling activities.

Unfortunately, most sectors are bearish now. The only bullish sectors are only Finance and Plantation. The rest, especially the tech sector had been hammered heavily recently. Under such circumstances, I would prefer not to trade too much personally. In fact, I've only been monitoring mostly over the past few weeks as I believe this bearish sentiment may continue for the coming few weeks at least.

Main stocks that showed strong buying momentum would be the likes of HAWK, MYEG, BAHVEST, CIMB, JSB, AMBANK, and TOPGLOV. 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 taking a hit and retracing all the way back towards the RM 0.80+ major support levels during early August, was able to rebound and hold well above the RM 0.89+ main support levels over the past few weeks.

Today, it was able to rebound back towards the RM 0.915+ regions with good volume and buying momentum despite the weak market sentiment. For now looking quite ripe for a potential breakout from its RM 0.935+ major resistance levels here.

If able to sustain, could breakout from this region and start trending back up once more. Will be monitoring MYEG closely here.

$SEALINK / 5145 (SEALINK INTERNATIONAL BERHAD) since its earlier breakout towards the RM 0.375+ regions, had been retracing over the past few days back towards its RM 0.34+ main uptrend support levels on the daily chart, and so far seems to be able to hold well.

Today, it was able to rebound back towards the RM 0.355 regions despite the weak market sentiment. Seems to be forming its higher low region here already and if able to sustain, could see it start trending up towards the RM 0.385 - RM 0.40+ regions soon.

Will be monitoring SEALINK closely

As for the tech stocks that dumped heavily, namely $UWC / 5292 (UWC BERHAD) and $KLSE-D&O , it looks very bloody and I would stay away from such stocks for now. At most, we'll be looking at a potential technical rebound after being oversold.

In a span of less than 2 weeks, UWC lost over 30% of its market share cap and head back all the way back towards the RM 1.67+ regions today. For now still not showing much hope yet and trend wise, doesn't look too good. Have to be cautious and prepared for other tech stocks to face similar selling pressure.

$MYEG / 0138 (MY E.G. SERVICES BERHAD)
Research by MIDF
Buy - TP RM1.38

"Zetrix Blockchain Continues to Chart Earnings Growth"

• Maintain BUY with an unchanged target price of RM1.38 post the announcement of the 2QFY24 financial results
• 2QFY24 earnings jumped +47.2%yoy to RM156.0m, mainly supported by the contribution from Zetrix
• This led to 1HFY24 of RM321.4m (+47.8%yoy) which came in at the higher end of ours and consensus expectations
• The e-government services to continue to provide a stable earnings base for the group while earnings growth will stem from Zetrix

Analyst:
Foo Chuan Loong, Martin
martin.foo@midf.com.my

$MYEG / 0138 (MY E.G. SERVICES BERHAD)
Research by Maybank
Buy - TP RM1.68

"2Q24: Another strong quarter"

MYEG’s decentralised finance (DeFi) segment’s robust growth momentum continued into 2Q24, with the segment accounting for roughly a third of turnover for the second consecutive quarter. Pending a results briefing today, we maintain our FY24-26E earnings. Given its attractive valuation (10.8x FY24E PER) and compelling growth outlook, we reiterate our BUY rating with an unchanged TP of MYR1.68 (20x FY25E PER - LT mean).

Analysts:
Anand Pathmakanthan
anand.pathmakanthan@maybank-ib.com
Arvind Jayaratnam
arvind.jayaratnam@maybank.com

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR WONG THEAN SOON

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - ASIA INTERNET HOLDINGS SDN BHD

Changes in Director's Interest (Section 219 of CA 2016) - MR WONG THEAN SOON

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - KUMPULAN WANG PERSARAAN (DIPERBADANKAN)

Titan Trading Notes For Monday [5/8/2024]:

$KLSE-KLCI took quite a hit and retraced back towards the 1611 points region with an overall bearish market sentiment during last Friday as we saw panic selling happen across the board with over 1300 counters closing red as well. Daily trading volume settled around the 5.1 billion mark, which is mainly dominated by selling activities.

Only BAHVEST and PBBANK showed strong buying momentum on the top volumes list despite the weak market sentiment, while all the others were taking quite a hit and some even sustaining huge losses from the panic selling wave.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since breaking out towards the RM 1.15 regions, had been retracing and and consolidating over the past 2 months here and last Friday, retraced all the way back towards the RM 0.955+ main support levels.

For now heading back lower here and potentially could test the RM 0.935+ main support levels here soon in the coming week before rebounding back towards the RM 1 main downtrend resistance.

Will be monitoring MYEG closely here.

$BAHVEST / 0098 (BAHVEST RESOURCES BERHAD) after retracing back towards the RM 0.45+ major support levels over the past 2 weeks, had been able to form a short term double bottom trend reversal pattern here and rebounded strongly back towards the RM 0.53+ regions during last Friday despite the weak market sentiment.

This is a pretty good sign here and although still unable to breakout from its RM 0.55 main downtrend resistance, as long as able to sustain above its RM 0.49 - RM 0.50+ immediate support level, could breakout soon due to recession fears, gold counters like these may flourish.

Will be monitoring BAHVEST closely here.

$NOTION / 0083 (NOTION VTEC BERHAD) although broke out towards the RM 2.20+ regions last week, took a hit during last Friday as well and retraced back towards the RM 2+ main support regions once more due to the panic selling.

For now still looking quite strong here and as long as able to sustain above its RM 2+ main support levels, could still continue to trend up towards and beyond the RM 2.25 - RM 2.30+ major resistance levels soon for an uptrend continuation pattern.

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

Titan Trading Notes For Thursday [25/7/2024]:

$KLSE-KLCI retraced back towards the 1621 points region with an overall negative market sentiment as we still saw over 770 counters closing red for the day after the brief rebound yesterday. Daily trading volume also saw a decline back towards the 4.3 billion mark.

Main stocks that showed strong buying momentum would be the likes of MYEG, JCY, DATAPRP, MASTEEL, TANCO, and KJTS. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$MYEG / 0138 (MY E.G. SERVICES BERHAD) since breaking out towards the RM 1.15 regions, had actually been taking quite a beating, retracing all the way towards its RM 0.97+ major support levels over the past month here.

For now seems to have formed a solid base region already and today was able to breakout back towards the RM 1+ regions with good volume. Looks quite ripe here for a potential uptrend continuation back towards the RM 1.07+ regions if able to sustain this buying momentum.

Will be monitoring MYEG closely here as I believe the heavy sellers have almost been absorbed completely.

$JCY / 5161 (JCY INTERNATIONAL BERHAD) after retracing back towards the RM 0.67+ major support level this this week, was able to rebound strong and broke out towards the RM 0.74+ regions with huge volume and buying momentum today.

This seems to be a strong sign that it's reached its mid term dip regions already and if able to sustain, could breakout from its RM 0.75 main downtrend resistance levels for an uptrend continuation pattern soon.

Will be monitoring JCY closely here

$NOTION / 0083 (NOTION VTEC BERHAD) since breaking out from its RM 2 major resistance levels, been performing quite well today, breaking out all the way towards the RM 2.15 regions with huge volume and buying momentum despite the weak market sentiment and cash upfront requirement.

Do note that due to the cash upfront requirements imposed by brokers, NOTION has mainly been dominated by institutional funds.

For now as long as able to sustain above its RM 2 main support, could continue its uptrend trajectory towards the RM 2.20 - RM 2.30+ regions soon.