Notion Vtec Berhad

Titan Trading Notes for Tuesday [29/4/2025]

Market Overview:

The KLCI posted a decent rebound back toward the 1521 region, though market breadth stayed weak — 420 counters still closed red.

Daily trading volume remains low around 2.6 billion, with HSI warrants alone taking up over 500 million.

Actual stock trading volume likely hovered around the 2 billion mark, signaling a cautious environment and selective buying.

🔥 Top Stocks in Focus:

🔵 $NOTION / 0083 (NOTION VTEC BERHAD)

NOTION rebounded strongly after retracing towards the RM 0.57+ major support over the past few weeks.

Today, it successfully broke above the key RM 0.65+ downtrend resistance level with heavy volume and strong buying momentum.
If it can sustain above RM 0.65 in the coming sessions, momentum could carry it toward the RM 0.735+ major resistance zone.

🔵 $SNS / 0259 (SNS NETWORK TECHNOLOGY BERHAD)

SNS also delivered a powerful breakout above the RM 0.435+ resistance, rallying up to the RM 0.475 region with strong volume.

The breakout suggests that it may have bottomed out after months of downtrend.

If it can continue to hold above the RM 0.435 support, further upside towards RM 0.50+ could be possible in the coming days.

🧠 Key Takeaway:

The market remains selective — it's no longer about chasing hype, but about identifying stocks with real breakout momentum backed by strong volume.
Continue to stay nimble and watch key support levels carefully in this environment.

Stay sharp, Titans. 🚀

$NOTION / 0083 (NOTION VTEC BERHAD) remember hlib say tp RM 3++ 😂😂😂
now say RM 0.9x only

what happened 🤭🤭

Titan Trading Notes For Wednesday [19/2/2025]:

KLCI had a slight rebound back towards the 1584 points region with an overall negative market sentiment as we saw over 640 counters closing red for the day. Daily trading volume remains around the 3.6 billion mark, mainly dominated by selling activities.

Main stocks that showed strong buying momentum would be the likes of TECHSTORE, MYEG, DIALOG, CAPITALA, 99SMART, MRDIY, COLFORM, and CIMB. All of which were able to sustain their rallies throughout the day despite the weak market sentiment.

$DIALOG / 7277 (DIALOG GROUP BERHAD) since taking a hit all the way back towards the RM 1.45 support levels 2 days ago, been able to hold well and rebound back towards the RM 1.62+ regions with good volume and buying momentum today.

So far seems to be showing signals that its ripe for a further rebound soon. As long as able to hold above its RM 1.60+ immediate support, could continue to rebound further back towards the RM 1.75+ resistance levels soon in the coming weeks.

Will be monitoring DIALOG closely.

COLFORM on the other hand been able to hold above its RM 0.38+ regions over the past 2 days since its IPO. Despite the weak market sentiment, was able to breakout back towards the RM 0.40 regions with good volume today.

For now looking quite strong here and as long as able to hold above its RM 0.39+ immediate support, could continue towards and beyond its RM 0.41 local high levels soon for a potential bullish continuation.

Will be monitoring COLFORM closely.

$NOTION / 0083 (NOTION VTEC BERHAD) although had a decent breakout back towards the RM 0.97 regions with decent volume this morning, still took a hit and closed back towards the RM 0.93 regions as the whole market sentiment been dragged down.

That said, it announced solid earnings of around RM 12.7 million PAT in its latest quarter. For now looking not too bad here and if able to sustain, could rebound back towards the RM 1+ major resistance levels soon for a further rebound with earnings as a catalyst.

Will be monitoring NOTION closely.

Titan Trading Notes For Monday [18/2/2025]:

KLCI retraced slightly back towards the 1591 points region with an overall negative market sentiment as we saw almost 600 counters closing red for the day here. Daily trading volume settled around the 3.2 billion mark, mainly dominated by sellers.

Main stocks that showed strong buying momentum would be the likes of MPIRE, GAMUDA, LHI, YTL, GENTING, SCGBHD, CAPITALA, and ABLEGLOB. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$GENM / 4715 (GENTING MALAYSIA BERHAD) following its earlier sell down back towards the RM 2.10 main support levels, been able to form a solid base and broke out strong towards the RM 2.40+ major resistance levels on Friday with good volume and buying momentum here.

Seems to have formed its dip region here already and if able to hold above its RM 2.30+ immediate support levels on the daily chart, could continue to rebound further towards its RM 2.45 - RM 2.50+ major resistance until its next pullback.

Will be monitoring GENM closely here.

$LHI / 6633 (LEONG HUP INTERNATIONAL BERHAD) on the other hand been able to breakout towards the RM 0.63 regions with good volume and buying momentum, following the recent bird flu that hit across USA, sending egg prices soaring high up.

For now looking strong here and will be facing its RM 0.635 - RM 0.65+ major resistance levels soon. As long as able to hold above its RM 0.60 support, could breakout and trend back up towards the RM 0.66 - RM 0.69+ regions soon for an uptrend continuation pattern.

Will be monitoring LHI closely, along with all the other poultry counters.

Stocks like $NOTION / 0083 (NOTION VTEC BERHAD) and YBS took a huge hit on Friday here, having huge and sudden selling activities out of nowhere, suggesting that it could be a potential margin call on some larger investors which led to the potential forced selling activities.

NOTION for now still have some support around RM 0.48 here and needs to hold strongly before we can expect any further rebound from this stock here.

YBS on the other hand broke past below its RM 0.53+ major support levels and retraced back towards the RM 0.47 regions earlier in the morning. Although was able to rebound back towards the RM 0.595 regions, still not looking too good yet here.

Will monitor YBS and NOTION closely here, but not having a good feeling about it. as so far nobody knows what's going on yet.

Titan Weekend Chart Reviews

$NOTION / 0083 (NOTION VTEC BERHAD)

Took a huge and sudden hit which saw it retrace all the way back towards the RM 0.84+ major support levels on the daily chart.

For now needs to hold above this level here and may rebound back towards the RM 0.985 - RM 1+ regions soon.

If unable to hold support, could retrace down further towards the RM 0.80 support.

Support: RM 0.90, RM 0.865, RM 0.84 areas
Resistance: RM 0.935, RM 0.95, RM 0.965, RM 0.985 areas

HLIB TOP PICKS 2025...

Sturdier ship but choppier waters.

- Enter Trump 2.0. We expect heightened market volatility in 1H25 as investors grapple with the incoming policy
risks from Trump’s presidential comeback. That said, we are inclined to believe that he will take a more nuanced approach on tariffs – in a targeted manner rather than blanket – seeing that this would have an inevitable impact on inflation. Last year, Malaysia accounted for only 2.5% of US’ trade deficit (ranked 12th), while the top five countries (China, Mexico, Vietnam, Germany and Canada)
collectively made up 66%. While noting the upside bias to
Inflation from Trump’s tariff tantrums, we still expect the Fed to continue with its rate cuts by -50bp in 2025 – though this is softer than its official forecast of -100bp. With further narrowing of the FFR-OPR spread, this should provide some appreciation bias to the ringgit (our end-2025 USD-MYR target is 4.10) and local bourse (being inversely correlated to the former at -45%).

- Malaysia on a sturdier ship. External headwinds aside, perhaps it would be useful to reflect that Malaysia is now on a sturdier ship with steady growth, subsidy reforms in motion, robust investment pipeline, and a more stable political climate. We feel that foreigners have yet to fully
appreciate the country’s ongoing rejuvenation given their
continued underweight position on Malaysia, though now at a smaller quantum. The Fed’s ongoing rate down-cycle should help risk appetite for emerging markets resurface, particularly in countries such as Malaysia that aren’t in the tariff spotlight. A reprieve in foreign shareholding levels should be positive for the KLCI given the 69% correlation between the two.

- Key themes. We remain upbeat on the following
investment themes for 2025: (i) disposable income boosters, (ii) tourism shifting from recovery to record, (iii) Johor’s developmental reinvigoration, (iv) energy transition amidst a data centre boom, – while Trump’s impending presidency cold see revived interest in (v)
trade war plays.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
$NOTION / 0083 (NOTION VTEC BERHAD)
$SMRT / 0117 (SMRT HOLDINGS BERHAD)

Titan Weekend Chart Reviews

$NOTION / 0083 (NOTION VTEC BERHAD)

Seems to be consolidating here between RM 1.23 - RM 1.30 here within a triangle pattern.

For now won't be expecting much unless able to breakout from its RM 1.32+ immediate downtrend resistance with good volume and buying momentum.

Support: RM 1.25, RM 1.22 areas
Resistance: RM 1.28, RM 1.30, RM 1.32, RM 1.35 areas

Titan Trading Notes For Wednesday [11/12/2024]:

$KLCI closed slightly red back towards the 1608 points region today with an overall mixed market sentiment as we saw over 510 counters closing red along with it for the day. Daily trading volume settled low around the 2.7 billion mark.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, SUPERMX, JCY, YNHPROP, GENETEC, MICROLN, JHM, PCHEM, GTRONIC, HARTA, and GAMUDA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) since breaking out from its RM 1.15+ major resistance levels earlier last week, had been able to sustain its buying momentum and rallied all the way towards the RM 1.40 regions today despite being overbought here on the daily chart.

Although still facing some selling pressure around the RM 1.40 regions, as long as able to sustain above its RM 1.30 immediate support, could continue on this parabolic rally soon.

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

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) on the other hand also was able to perform well today, breaking out all the way towards the RM 1.10 regions with good volume and buying momentum despite the mixed market sentiment.

For now looks like on a parabolic rally here and despite being overbought, still not showing any signs of weakness yet. If able to sustain above its RM 1.03+ immediate support, could continue on towards the RM 1.15+ regions soon for an uptrend continuation pattern.

Will be monitoring SUPERMX closely here.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) since breakout from its RM 0.48 main downtrend resistance levels over the past week, had been able to sustain the buying momentum and even broke out towards the RM 0.575 regions here with good volume and buying momentum despite being overbought.

So far looking quite strong here and could be on a brand new uptrend. As long as able to sustain above its RM 0.54+ immediate support on the daily chart, could continue on towards and beyond its RM 0.60+ major resistance levels soon.

Will be monitoring CORAZA closely here.

$NOTION / 0083 (NOTION VTEC BERHAD) n the other hand since retracing back towards its RM 1.30+ support levels, was able to hold strong and rebound back towards its RM 1.39 regions today with good volume, even closing on its intraday high here.

So far looking quite bullish and as long as able to sustain above its RM 1.33+ immediate support levels on the hourly charts, could continue on towards testing its RM 1.45+ major resistance levels soon.

Monitoring NOTION closely.

$NOTION / 0083 (NOTION VTEC BERHAD)
Research by HLIB

Titan Trading Notes For Wednesday [4/12/2024]:

$KLCI had a decent rebound back towards the 1606 points region with an overall positive market sentiment as our market sentiment starts to recover pretty well. Daily trading volume also was able to close back towards the 3.3 billion mark, which is a good sign too.

Main stocks that showed strong buying momentum would be the likes of JCY, GENETEC, MYEG, YTLPOWR, SIMEPROP, YTL, NOTION, CEB, YNHPROP, SNS, GTRONIC, CORAZA, JPG, ECA, SPSETIA, WCT, SUNWAY, ECOWLD, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since breaking out from its RM 3.30+ main downtrend resistance over the past week, had been able to stay well above its support level and today, was able to breakout strong all the way towards the RM 3.70+ regions with huge volume and buying momentum.

So far looking quite strong here and as long as able to sustain above its RM 3.60+ immediate support level, could continue on towards and beyond its RM 3.80 - RM 4 major resistance levels soon for a further rally soon.

Will be monitoring YTLPOWR closely here as seems ripe for a major trend reversal

$NOTION / 0083 (NOTION VTEC BERHAD) n the other hand was definitely one of the star performers today as it was able to breakout strong from its RM 1.30+ major resistance levels, rallying all the way towards the RM 1.44 regions with huge volume and buying momentum.

For now, it's looking very strong although unable to close on its intraday high. As long as able to sustain above its RM 1.32+ immediate support levels, could continue on towards and beyond its RM 1.50+ major resistance levels soon.

Will be monitoring NOTION closely here as the data center themed stocks seem to be coming back with NOTION taking the lead.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) although retraced slightly back towards the RM 0.48 regions this morning, was able to breakout strong all the way towards the RM 0.54 regions with huge volume and buying momentum today.

So far looking very bullish here and as long as able to sustain above its RM 0.50+ immediate support, could continue on this uptrend wave all the way back towards the RM 0.565 - RM 0.58+ regions soon.

Will be monitoring CORAZA closely

$NOTION / 0083 (NOTION VTEC BERHAD)
Research Report by HLIB

Titan Trading Notes For Thursday [21/11/2024]:

$KLCI retraced back towards the 1598 points region with an overall mixed market sentiment as we still saw over 540 counters closing red for the day. Daily trading volume remains around the 2.7 billion mark, still not very good.

Main stocks that showed strong buying momentum would be the likes of CAPITALA, TANCO, MYEG, IFCAMSC, TOPGLOV, BAHVEST, SUNWAY, JPG, YEWLEE, ARMADA, and AAX. All of which were able to sustain their rallies throughout the day on the top volumes list here despite the mixed market sentiment.

CAPITALA had a huge breakout from its RM 1.05 major resistance levels which saw it rally all the way towards the RM 1.07 regions with huge volume and buying momentum here despite the mixed market sentiment.

So far looking quite strong here and as long as able to hold above its RM 1.02 immediate support, could breakout back towards the RM 1.10+ major resistance levels soon in the coming weeks.

Will be monitoring CAPITALA closely here. Congratulations to those of you that earned a good profit from CAPITALA as per my earlier trading plan. I've taken half my profit and will hold the remainder to see how far it can go.

$IFCAMSC / 0023 (IFCA MSC BERHAD) since retracing back towards the RM 0.52+ support levels, had been able to recover quite well over the past week here, even breaking out towards the RM 0.68 major resistance levels today with huge volume and buying momentum.

Looking quite strong here and if able to breakout from its RM 0.70 main downtrend resistance, could start trending up towards the RM 0.80+ major resistance levels once more for an uptrend continuation pattern.

Will be monitoring IFCAMSC closely here.

$NOTION / 0083 (NOTION VTEC BERHAD) since its earlier breakout towards the RM 1.22+ regions, had been retracing and consolidating with RM 1.14+ as the main support levels over the past week here, potentially forming its higher low regions already.

Today, it was able to breakout strong back towards the RM 1.20+ regions with good volume and buying momentum despite the mixed market sentiment. So far looking quite strong here and as long as able to sustain, could trend back up towards its RM 1.30 - RM 1.40+ regions soon.

Will be monitoring NOTION closely

Titan Trading Notes For Friday [15/11/2024]:

$KLCI retraced back towards the 1600 points major support levels with an overall mixed market sentiment as we still saw over 580 counters closing red for the day. Daily trading volume settled around the 3.1 billion mark, which is just average.

Main stocks that showed strong buying momentum would be the likes of CLASSITA, MEGAFB, JPG, GENETEC, NOTION, SCGBHD, VTC, JCY., and TANCO. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$JPG / 5323 (JOHOR PLANTATIONS GROUP BERHAD) since retracing all the way back towards the RM 1.22 major support levels yesterday, was able to rebound strong today back towards the RM 1.32+ regions with good volume and buying momentum.

This came after it announced excellent QR results of over RM 70 million in net profit for its latest quarter. For now as long as able to hold above its RM 1.30+ immediate support, could breakout from its RM 1.35+ major resistance levels for a further rebound.

Will be monitoring JPG closely here as seems to be recovering well.

$NOTION / 0083 (NOTION VTEC BERHAD) on the other hand was definitely the star performer today as it was able to breakout all the way towards the RM 1.20++ major resistance levels with huge volume and buying momentum today despite the mixed market sentiment.

For now looking quite strong here as this came after a 3-4 month consolidation between the RM 0.85 - RM 1.12+ range on the daily chart. For now looking quite strong here and as long as able to hold above its RM 1.12+ support, could breakout back towards the RM 1.37 - RM 1.40+ major resistance levels.

$VTC / 0319 (VETECE HOLDINGS BERHAD) since retracing back towards the RM 0.355+ support levels, had been able to recover well over the past few weeks and today, was able to breakout back towards the RM 0.48+ regions with good volume and buying momentum.

For now looking quite strong here and as long as able to hold above its RM 0.45+ immediate support on the hourly charts, could breakout back towards the RM 0.50 - RM 0.515+ major resistance levels soon in the coming week.

Will be monitoring VTC closely here

Titan Trading Notes For Thursday [14/11/2024]:

$KLCI had a slight rebound back towards the 1611 points region with an overall mixed market sentiment as we still saw over 560 counters closing red for the day today. Daily trading volume remains average around the 2.8 billion mark, which is just average.

Main stocks that showed strong buying momentum would be the likes of LWSABAH, TANCO, AZAMJAYA, MMAG, 99SMART, KGB, YEWLEE, VS, CEB, and KPJ. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$99SMART / 5326 (99 SPEED MART RETAIL HOLDINGS BERHAD) ince retracing all the way back towards the RM 2.27+ main support levels, was able to breakout from its RM 2.35+ main downtrend resistance and rallied all the way towards the RM 2.40+ regions with good volume and buying momentum.

For now looking quite strong here and as long as able to hold above its RM 2.35+ immediate support on the hourly charts, could continue to trend back up towards the RM 2.50+ major resistance levels soon.

Will be monitoring 99SMART closely here as seems to be ripe for a further rally soon.

$KGB / 0151 (KELINGTON GROUP BERHAD) after announcing good QR results, was able to breakout from its RM 3.20+ main downtrend resistance with huge volume and rallied all the way towards the RM 3.48+ regions today despite the mixed market sentiment.

For now despite being overbought, is looking quite strong here and as long as able to hold above its RM 3.20 - RM 3.30+ immediate support, could continue to trend back up towards the RM 3.60++ regions soon.

Will be monitoring KGB closely here as looking very strong.

$NOTION / 0083 (NOTION VTEC BERHAD) since breaking out towards the RM 1.12 regions, had been retracing and consolidating around the RM 1+ main support levels over the past few trading days here and still able to hold strong here.

For now still looking quite strong and as long as able to sustain, could breakout from its RM 1.10 - RM 1.12 major resistance levels soon for a further breakout and start trending up towards the RM 1.30 - RM 1.40+ regions in the coming few weeks.

Will be monitoring NOTION closely. Have to wait for the QR results to come out first.

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

$KLCI was able to rebound back towards the 1634 points region with an overall bullish market sentiment today as President Trump won the elections. Daily trading volume soared back towards the 3.3 billion mark, which is a pretty decent sign here.

Main stocks that showed strong buying momentum would be the likes of 3REN, GENETEC, CEB, TOPGLOV, MYEG, JCY, GTRONIC, VS, CREST, BAHVEST, YTL, NICE, VTC, NOTION, AIMFLEX, CAREPLS, EKOVEST, INARI, PERTAMA, JPG, NATGATE, CYPARK, SUNWAY, 99SMART, and SNS. All of which were able to sustain their rallies throughout the day on the top volumes list.

Market today was flying in general, running multiple themes at once, with technology leading the way, followed by the healthcare and construction sectors.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) since retracing all the way towards the RM 0.68+ support levels yesterday, was definitely the main star performer for today as it broke out and rallied all the way towards the RM 0.95 regions with huge volume and buying momentum.

This rally was most likely fueled by President Donald Trump's win in the elections today as GENETEC supplies parts to TESLA, who's owner Elon Musk is a huge supporter of Donald Trump.

I doubt GENETEC's earnings will see improvements in the near future just because of this, so just be more cautious when trading it on a breakout. Will definitely be monitoring GENETEC as Trump-Elon related stocks have been surging quite high worldwide.

$NOTION / 0083 (NOTION VTEC BERHAD) n the other hand also had a huge breakout from its RM 0.96+ main downtrend resistance levels on the daily chart, rallying all the way towards the RM 1.10+ regions today with huge volume.

This came after consolidating over the past few months with RM 0.85+ as the main support levels. For now looking quite strong here and as long as able to hold above its RM 1.04+ support, could continue on towards and beyond the RM 1.20 major resistance levels soon.

That said, we do have to factor in that this week will likely see QR releases for NOTION. I expect to see some forex losses as the Ringgit had strengthened too much from the USD over the past few months, so will likely reflect on Q4 2024. Have to factor this in when trading it.

$KOSSAN / 7153 (KOSSAN RUBBER INDUSTRIES BERHAD) since breaking out from its RM 2.15+ main downtrend resistance levels yesterday, had been able to sustain the buying momentum and broke out all the way towards the RM 2.30++ regions with huge volume and buying momentum today.

So far looking quite strong here and as long as able to hold above its RM 2.20+ immediate support levels on the daily chart, could continue on towards and beyond the RM 2.40+ major resistance levels soon.

Titan Weekend Chart Reviews

$NOTION / 0083 (NOTION VTEC BERHAD)

Since its huge sell down earlier all the way back towards the RM 0.845+ support, had been consolidating over the past month here within a symmetrical triangle.

For now, it's trading towards the end of this pattern already and if able to sustain, could breakout from its RM 1.15+ major resistance levels soon to start trending up.

Support: RM 1.05, RM 1 areas
Resistance: RM 1.10, RM 1.15, RM 1.20 areas

$NOTION / 0083 (NOTION VTEC BERHAD)
Research by HLIB
BUY – TP RM2.74

" Weighed by forex woes”

Notion’s share price has fallen sharply from its recent peak due to (i) the sharp appreciation of the ringgit; and (ii) brokers imposing cash upfront requirements, which dampened sentiment. The ringgit's strength is poised to weigh heavily on the group’s financials resulting in substantial forex losses (non-core) in the coming quarter which might not reflect the true picture of its robust operations. Looking ahead of this forex impact, the company’s near-term outlook remains solid, with promising sales volume growth anticipated across its HDD, EMS, and automotive segments throughout the remaining of FY24 and FY25. While we maintain our earnings forecasts, we trim the assigned P/E ratio to 25x (from 30x) to reflect the subdued sentiment surrounding export-oriented companies in view of the less favourable forex. Consequently, we have lowered our TP to RM2.74 (from RM3.28) but maintain our BUY rating.

Analyst:
Tan J Young
jytan@hlib.hongleong.com.my

Titan Trading Notes For Tuesday [3/9/2024]:

$KLSE-KLCI had a brief retracement back towards the 1678 points region with an overall positive market sentiment as our market started to rebound from the bloodbath over the past few weeks. Daily trading volume settled around the 3.2 billion mark, which is just average.

Main stocks that showed strong buying momentum would be the likes of MRCB, NOTION, GENETEC, CEB, EKOVEST, CIMB, SPSETIA, JCY, TANCO, VTC, NCT, YTL, FFB, YTLPOWR, and IWCITY. All of which were able to sustain their rallies throughout the day on the top volumes list.

$NOTION / 0083 (NOTION VTEC BERHAD) definitely stole the spotlight today after being able to gap up at RM 0.985 and rallied all the way towards the RM 1.18 regions with huge volume and buying momentum during the morning session.

Although it faced some selling pressure and saw it close back towards the RM 1.13 regions, its still looking quite strong for a technical rebound here. As long as able to sustain above its RM 1.07 immediate support, could continue on towards and beyond the RM 1.20++ regions soon.

Will be monitoring NOTION closely. May be too early to decide if it's on a total trend reversal yet, but this rebound sure is strong and long awaited after its huge selling spree over the past month.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) on the other hand was also able to rebound quite well back towards the RM 1.10+ regions with huge volume and buying momentum. Although it did face some selling pressure, its closing price of RM 1.07 was still not too bad.

In terms of technical rebounds after a huge sell off, it's still trailing behind NOTION but if able to sustain above its RM 1.05 immediate support, could breakout from its RM 1.11+ main downtrend resistance for a larger rebound soon.

Will be monitoring GENETEC closely here.

Although $CEB / 5311 (CAPE EMS BERHAD) was able to breakout briefly back towards the RM 0.38 regions with decent buying volume, it still is facing some selling pressure which saw the stock close back towards the RM 0.37 regions.

Seems to still be lacking the buying momentum it needs to breakthrough from the RM 0.40++ regions and go for a further rebound here. But as long as the support around RM 0.37 is able to hold, could still expect a breakout to come anytime.

Will be monitoring CEB closely.

Reflection from Heavy Losses in $NOTION / 0083 (NOTION VTEC BERHAD) : Why Technical Analysis is More Important than Fundamental Analysis

As Malaysia continues to attract more data center players, HDD suppliers like NOTION stand to benefit from the increasing demand for data storage, driven by enterprises focused on cloud services, data centers, and AI.

Among others, NOTION was my top pick, primarily due to its strong turnaround, with a recent quarterly report announcing a net profit of over RM 20 million. This surge in earnings was driven by increased orders from existing customers, along with new job opportunities expected to last for the next 2-3 years.

While my initial decision to heavily invest in NOTION was based on its strong uptrend on the technical charts rather than solely its profit growth, I have to admit that the initial decline in share price made the stock even more attractive, prompting me to increase my position.

Throughout July, multiple broker houses imposed a cash upfront requirement on NOTION, which raised concerns about a sudden lack of liquidity in the market. This requirement created a greater incentive to sell NOTION shares instead of buying them, potentially leading to a crash in the share price. However, NOTION proved resilient during the 1-2 months of cash upfront requirements, which only strengthened my confidence in holding a significant amount of shares.

When the cash upfront requirement was finally lifted after NOTION announced a profit after tax (PAT) of slightly over RM 20 million earlier this month, its share price started to decline—a first warning signal I should have heeded.

Why Did NOTION Fall?

Why did NOTION's share price start to decline after the cash upfront requirement was lifted? To be honest, I don't know the exact reason. From my research, both research houses and funds remain optimistic about NOTION's future prospects.

HLIB set a target price of RM 3.28, while NOMURA gave a target price of RM 3.51.

The share price held strong during the cash upfront requirement period, which suggests that serious investors were still in play. If they weren't, NOTION would have crashed much earlier. Some speculate that the strengthening of the MYR against the USD, leading to potential forex losses, could impact NOTION's profit margins in the coming quarters.

While I acknowledge this possibility—given that the MYR appreciated by about 7-8% against the USD over the past 1-2 months—I still don't believe this alone justifies a drop in share price of over 60% from its peak.

There could be other factors at play, such as margin calls from large private investors forcing them to dump a large amount of shares on the open market, or other elements unknown to us for the time being.

My Biggest and Most Expensive Mistake

My biggest mistake was not adhering to my own trading plan's stop loss of RM 1.85. Had I followed it, I would have only lost 10% on the NOTION trade. Unfortunately, my overconfidence in its profit growth clouded my judgment, resulting in a loss of over 50%.

To my knowledge, several prominent investors and investment funds significantly increased their holdings in NOTION around the RM 1.90 to RM 2.00 range. These investors are now also caught in this massive sell-down, and most of them are still holding on to their shares, hoping for a recovery.

This is my biggest loss to date—a very expensive lesson that price action often tells the story before fundamentals do. When the chart shows a downtrend and dips below the stop loss, it's crucial to cut losses, no matter how strong the fundamentals seem.

I've made significant profits from NOTION in the past, and now, ironically, I've lost heavily due to my overconfidence and disregard for price action. In hindsight, if I had started selling when the downtrend began, I would have retained most of my earlier profits.

This experience has taught me an invaluable lesson: never buy or hold a stock that's in a downtrend, regardless of its future prospects. There's always an opportunity to buy it back when the chart signals an uptrend.

Titan Trading Notes For Tuesday [27/8/2024]:

$KLSE-KLCI had a decent rebound back towards the 1638 points region with an overall mixed market sentiment as we still saw over 570 counters closing red for the day. Daily trading volume remains quite low around the 2.8 billion mark.

Honestly, it feels like a yo-yo market here despite US market performing quite well and with foreign fund flowing into our market. Our market lacks liquidity. From reaching a daily trading volume of over 7 billion just months ago, to heading back towards 2.8 billion, there is a huge difference.

In terms of market sentiment, it looks like we're in a consolidation phase now after a huge profit taking round over the past 1-2 months. Solid trading opportunities come few and far between. Plus, we won't know when the rally will stop and have a sudden huge sell down as witnessed from the likes of $NOTION / 0083 (NOTION VTEC BERHAD) .

We will have to navigate through this rough path with caution. I believe our overall market will be in an uptrend, but it won't be as smooth as you think.

Main stocks that showed strong buying momentum today would be the likes of ELRIDGE, WCT, SIMEPROP, BPURI, CUSCAPI, PERDANA, SUNWAY, DAYANG, and SCB. All of which were able to sustain their rallies throughout the day on the top volumes list.

ELRIDGE since its IPO debut, had been breaking out over the past 2 days, rallying all the way towards the RM 0.455 regions today, forming a new all time high region despite the mixed market sentiment.

For now still looking quite strong here and not showing any signs of weakness yet. As long as able to hold above its RM 0.43 immediate support levels, could continue on towards and beyond the RM 0.455+ regions in the coming few days.

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

$WCT / 9679 (WCT HOLDINGS BERHAD) since taking a hit earlier this month, retraced all the way back towards the RM 0.95+ major support level regions and formed a strong base there during the weak market sentiment.

Today, it was able to breakout from its RM 1.03 immediate downtrend resistance levels with good volume and buying momentum, rallying all the way towards the RM 1.10+ regions here.

So far looking quite bullish and as long as able to sustain above its RM 1.03 support, could continue on to trend up back towards the RM 1.17+ regions soon. Will be monitoring WCT closely here.

$SMRT / 0117 (SMRT HOLDINGS BERHAD) since retracing all the way back towards the RM 0.97+ major support levels earlier this month, had been able to rebound strong and gain momentum, forming its higher low region around the RM 1.09+ support on the daily chart.

So far seems to be holding on quite strongly here and if able to sustain, could breakout back above the RM 1.20+ regions and trend up towards and beyond the RM 1.30 - RM 1.40+ major resistance levels for an uptrend continuation pattern.

Will be monitoring SMRT closely here.

Titan Trading Notes For Monday [26/8/2024]:

$KLSE-KLCI retraced back towards the 1635 points region during last Friday with an overall negative market sentiment as we still saw over 880 counters closing red for the day along with it. Daily trading volume settled around the 3.5 billion mark, unfortunately dominated with selling activities.

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

$SEALINK / 5145 (SEALINK INTERNATIONAL BERHAD) since breaking out towards the RM 0.425 regions, had been suffering from profit taking activities, retracing back towards the RM 0.32+ major support levels over the past week.

That said, was able to hold above this region and rebound back towards the RM 0.345+ regions with good volume and buying momentum. For now looking quite strong here and if able to form a higher low region, could continue on to trend up towards the RM 0.40++ regions soon once more.

Will be monitoring SEALINK closely here as the uptrend seems to be quite strong.

$YINSON / 7293 (YINSON HOLDINGS BERHAD) since breaking out from its RM 2.40+ major resistance levels earlier this month, was able to sustain its buying momentum and breakout back towards the RM 2.80+ regions during last Friday with good volume.

For now looking quite strong here and as long as able to sustain above its RM 2.65+ immediate support levels on the hourly charts, could continue on towards and beyond the RM 2.88+ major resistance levels soon for an uptrend continuation pattern.

Will be monitoring YINSON closely here as seems to be starting a brand new uptrend here.

$NOTION / 0083 (NOTION VTEC BERHAD) unfortunately during last Friday, took a sudden and huge hit, breaking below its RM 1.37+ main support levels and retraced all the way towards the RM 0.975 regions, almost hitting its limit down price despite having good QR results.

Although it was able to rebound back towards the RM 1.14 regions, it's still not looking too good in the short term here. Not really sure what happened but will have to monitor cautiously.

Titan Weekend Chart Reviews

$NOTION / 0083 (NOTION VTEC BERHAD)

Since breaking out towards the RM 2.40+ regions, had been range bound and consolidating over the past 2 months here.

for now needs to breakout strong from its RM 2.15+ main downtrend resistance levels before we can expect more.

Support of RM 1.60+ seems to be holding quite well here.

Support: RM 1.70, RM 1.60, RM 1.50 areas
Resistance: RM 1.90, RM 2, RM 2.15 areas

Titan Trading Notes For Tuesday [13/8/2024]:

$KLSE-KLCI resumed its upward momentum, rebounding back towards the 1606 points region with an overall positive market today after the panic sell off earlier last week. Daily trading volume settled around the 4 billion mark, which is still decent now.

Main stocks that showed strong buying momentum would be the likes of BARAKAH, MALAKOF, SEALINK, JIANKUN, NOVAMSC, JCY, SMETRIC, SNS, MIKROMB, NOTION, MUIPROP, OVERSEA, BPURI, PGLOBE, and SPSETIA. All of which were able to sustain their rallies throughout the day on the top volumes list.

$MALAKOF / 5264 (MALAKOFF CORPORATION BERHAD) broke out strong from its RM 0.90 major resistance levels and rallied all the way towards the RM 1 regions today with huge volume and buying momentum.

This came after analysts flagged potential short term power purchase extensions by the government for one of its powerplants. Over the past weeks, EPF had been acquiring millions of shares from the open market as well.

Will be monitoring MALAKOF closely here as seems to be on a very strong uptrend.

$NOTION / 0083 (NOTION VTEC BERHAD) on the other hand was definitely one of the star performers today as it was able to breakout all the way towards the RM 2 major resistance levels with huge volume and buying momentum today.

This came after a few broker houses, namely CGS, RHB, and Hong Leong Investment Bank had uplifted their cash upfront requirements to trade this counter. I believe this was the main reason that drove the share price back up after hitting the RM 1.50+ major support levels just last week during the panic sell off.

Will continue to monitor NOTION closely as I believe it will be on a long term uptrend here being one of the most profitable HDD suppliers among its peers.

$CEB / 5311 (CAPE EMS BERHAD) since breaking out towards the RM 0.53+ regions, had been retracing throughout the day, heading back towards the RM 0.50+ main support levels here despite the good market sentiment.

Could be potentially forming its higher low regions here and as long as able to sustain above its RM 0.50 main support levels, could continue on towards and beyond the RM 0.535 - RM 0.55+ regions soon for an uptrend continuation pattern.

Will be monitoring CEB closely here.

Titan Trading Notes For Thursday [8/8/2024]:

$KLSE-KLCI had a decent rebound back towards the 1591 points region after the huge panic selling that happened on Monday. Overall market sentiment was quite positive today and our daily trading volume was also able to settle around the 5.1 billion mark, which is pretty good.

Main stocks that showed strong buying momentum today would be the likes of CEB, EKOVEST, WCT, TOPGLOV, SIMEPROP, SNS, JCY, YTLPOWR, SUNWAY, MRCB, NOVAMSC, BJCORP, SEALINK, YTL, K1, NOTION, NATGATE, SPSETIA, UEMS, and HARTA. All of which were able to sustain their rallies throughout the day on the top volumes list.

$CEB / 5311 (CAPE EMS BERHAD) gapped down towards the RM 0.40 regions and retraced all the way towards the RM 0.345+ regions, forming once again a new low here early in the morning only to rebound strong back towards the RM 0.48 regions with good volume and buying momentum.

Although it's still facing some selling pressure above the RM 0.45+ regions, it's still holding quite well here and as long as able to sustain the rebounding momentum, could breakout from the RM 0.45 immediate downtrend resistance to start rebounding further towards the RM 0.50+ regions soon.

I believe CEB is way too oversold due to one of its major shareholders forced selling activities from margin calls. Will be monitoring it closely.

$WCT / 9679 (WCT HOLDINGS BERHAD) since retracing all the way back towards the RM 0.95+ major support levels, was able to breakout strong all the way towards the RM 1.08+ regions today with good volume and buying momentum.

This is a pretty good sign that its formed its higher low regions already and as long as able to sustain above its RM 1.05+ immediate support, could continue to trend up towards the RM 1.14+ major resistance levels soon.

Will be monitoring WCT closely here.

$NOTION / 0083 (NOTION VTEC BERHAD) despite facing heavy selling pressure earlier during the day, retracing all the way back towards the RM 1.47+ major support levels, was able to find momentum and broke out back above the RM 1.70+ regions with good volume and buying momentum.

For now seems to have formed its higher low regions already and as long as able to sustain above its RM 1.65+ immediate support levels, could continue to rebound back towards the RM 2+ major resistance levels soon in the coming weeks.

Will continue to monitor NOTION closely

Notion VTec Bhd anticipates the fourth quarter of its financial year 2024 (FY24) to progress at a moderate pace, in view of the volatility in foreign-exchange (forex) markets.

KUALA LUMPUR: Notion VTec Bhd is optimistic that it is on course to record revenue and profit in the current financial year, off the back of three consecutive quarters of robust growth.

$NOTION / 0083 (NOTION VTEC BERHAD)
Research by HLIB
BUY – TP RM3.28

" A record quarter”

9MFY24 core net profit of RM39m (+>100%) was a beat thanks to stronger-thanexpected EBITDA margin. Aided by the favourable forex, 9MFY24 top line gained 36% to RM341m as the higher contributions from HDD, automotive and EMS were more than sufficient to negate the weakness in camera/industrial. After 3 consecutive quarters of robust growth in FY24, Notion anticipates 4QFY24 to progress at a moderate pace in view of the volatility of forex. A stabilized earnings will allow Notion to position and prepare for further expansion in FY25. Maintain BUY with unchanged TP of RM3.28, pegged to 30x of mid-CY26f fully diluted earnings. It is well positioned to capitalise on: (i) increasing adoption of AI; (ii) advancements in disk storage capacity; (iii) global manufacturing diversification; and (iv) revival of E&E sector.

Analyst:
Tan J Young
jytan@hlib.hongleong.com.my
Sam Jun Kit
jksam@hlib.hongleong.com.my
Jack Heng
jackheng@hlib.hongleong.com.my

PETALING JAYA: Notion VTec Bhd anticipates a moderate pace in the fourth quarter following three consecutive quarters of robust growth in the financial year ending Sept 30, 2024 (FY24).

$WCT / 9679 (WCT HOLDINGS BERHAD)
$NOTION / 0083 (NOTION VTEC BERHAD)
$MAHSING / 8583 (MAH SING GROUP BERHAD)
$SCGBHD / 0225 (SOUTHERN CABLE GROUP BERHAD)
$SMRT / 0117 (SMRT HOLDINGS BERHAD)
...

$NOTION / 0083 (NOTION VTEC BERHAD)