Wct Holdings Berhad

WCT Shareholders Approve Paradigm REIT Listing on Bursa Malaysia

Shareholders of WCT Holdings Bhd have approved the proposed listing of Paradigm Real Estate Investment Trust (Paradigm REIT) on the Main Market of Bursa Malaysia Securities Bhd.
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In a statement today, the construction and property group said the shareholders’ approval was obtained at its extraordinary general meeting (EGM) held today.
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"As part of the proposed listing of Paradigm REIT, shareholders also approved the disposal of three retail properties -- Bukit Tinggi Shopping Centre, Paradigm Mall Petaling Jaya and Paradigm Mall Johor Bahru -- to Paradigm REIT for RM2.44 billion.
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"The disposal consideration will be settled through the issuance of 1.6 billion units in Paradigm REIT at an issue price of RM1.00 per unit and a cash consideration of RM837 million,” WCT said.

It said shareholders also approved the proposed offering of 560 million units in Paradigm REIT.
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"This includes a proposed retail offering of up to 254.66 million units for entitled shareholders of WCT, eligible directors and employees of the group and Paradigm REIT Management Sdn Bhd, the management company of Paradigm REIT, as well as the Malaysian public.
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"From the proposed retail offering, 194.86 million units will be made available to entitled shareholders of WCT on the basis of one unit for every eight existing ordinary shares held, as of the close of business on an entitlement date to be determined and announced by WCT,” it said.
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The company further said that the proposed offering also includes an institutional offering of at least 305.34 million units, with 200 million units reserved for Bumiputera investors approved by the Ministry of Investment, Trade and Industry and at least 105.34 million units allocated to other institutional and selected investors.
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"The proposed listing of Paradigm REIT is expected to strengthen WCT’s balance sheet by reducing borrowings, while providing investors with the opportunity to participate in a diversified portfolio of income-generating retail assets that offer stable cash distributions and long-term capital appreciation,” WCT said.
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Group managing director Datuk Lee Tuck Fook said the company values the support from shareholders in approving the proposed listing of Paradigm REIT.
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"This strategic initiative not only unlocks the value of our retail assets but also provide WCT with greater financial flexibility to pursue new growth opportunities.
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"We are confident that Paradigm REIT will be a valuable addition to the Bursa Securities Main Market and deliver sustainable returns to our investors,” he said. - Bernama

$WCT / 9679 (WCT HOLDINGS BERHAD)

槟城轻快铁90亿工程待瓜分

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

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

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

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

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

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

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

至于跨海链接工程，估计价值50亿令吉，预计今年第三季展开招标活动。

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

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

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

Source: 南洋商报

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

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research Report by Kenanga

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research Report by TA

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research Report by PBIV

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research Report by HLIB

KUALA LUMPUR: Fajarbaru Builder Group Bhd’s wholly-owned subsidiary, Fajarbaru Builder Sdn Bhd (FBSB), has secured a contract from WCT Construction Sdn Bhd, an indirect subsidiary of WCT Holdings Bhd, to undertake the second phase development of AdisonWest located in Larkinton, Johor Bahru, worth RM246.10 million. 

PETALING JAYA: WCT Holdings Bhd’s proposed Paradigm real estate investment trust (Paradigm-REIT) will be a key component of the group’s broader deleveraging plans, according to CIMB Securities.

PETALING JAYA: WCT Holdings Bhd’s proposed real estate investment trust (REIT), which will comprise three assets with a combined asset value of RM2.4bil will aid in degearing the group’s balance sheet.

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by HLIB
BUY – TPRM1.50

" Encouraging REIT progress”

We are positive on WCT's intended Paradigm REIT listing. The inclusion of three retail assets with 98.6% average occupancy rate and RM2.44bn valuation (vs MCap: RM1.6bn), is expected to generate RM1.38bn in net proceeds. This exercise can: (i) reduce net gearing to 0.33x from 0.73x (ii) enhance profitability through interest payment reduction ~RM50m pa and (iii) create balance sheet space for Subang airport project. Development is a catalyst for narrowing wide P/B multiple discount (~55%). No change to forecasts. Maintain BUY rating with slightly higher TP of RM1.50 adjusting for higher-than-expected asset valuation partially offset by placement dilution.

Analyst:
Edwin Woo, CFA
ckwoo@hlib.hongleong.com.my

$WCT / 9679 (WCT HOLDINGS BERHAD)

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by Kenanga
OUTPERFORM – TP RM1.43

" REIT Listing to Unlock Value”

WCT has confirmed the disposal value of its three retail mall assets at RM2.44b for a REIT listing, to be named Paradigm REIT in 1QFY25. The valuation exceeds our previous assumption of RM1.02b, prompting us to upgrade our TP by 22% to RM1.43 (from RM1.17). We are positive on this REIT listing as it marks the start of a re-rating exercise. The next focus should be on its property development segment, supported by a stronger balance sheet post the REIT listing. Upgrade to OUTPERFORM.

Analyst:
Teh Kian Yeong
tehky@kenanga.com.my

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by CGS
ADD – TP RM1.52

" REIT offering to degear balance sheet”

■ Proposed Paradigm REIT will comprise 3 assets with a combined asset value of RM2.4bn. We believe this will aid in degearing WCT’s balance sheet.
■ Restricted offer for sale to existing shareholders on a 1-for-8 basis; key to a successful IPO is dividend yield of more than 6%, in our view.
■ Reiterate Add and SOP-derived TP of RM1.52.

Analyst:
CHONG Tjen-San, CFA
tjen-san.chong@cgsi.com

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by MIDF
NEUTRAL – TP RM0.97

" WCT to Set Up Paradigm REIT”

• WCT proposes disposal of 3 malls to upcoming Paradigm REIT for RM2.44b
• Paradigm REIT to fund purchase via cash from MTN issuance and 1.60b new units
• WCT expected to hold about 60.7% stake in Paradigm REIT
• Maintain NEUTRAL with unchanged TP of RM0.97

Analyst:
Royce Tan Seng Hooi
royce.tan@midf.com.my

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by Public
Neutral – TP RM1.08

"Update on Paradigm REIT”

WCT Holdings Bhd (WCT) has proposed a disposal of three retail properties for RM2.44bn to a newly established real estate investment trust (REIT) named Paradigm REIT, which will be listed on the Main Market of Bursa Malaysia. The transaction will be settled through RM837m in cash and 1.6bn units in Paradigm REIT. Proceeds from the proposed REIT establishment and proposed offering will primarily be used to reduce the Group’s borrowings, with the Group's gearing expected to improve to 0.33x from 0.72x previously. While we are positive on this, we keep our forecasts unchanged pending the listing of Paradigm REIT. We maintain our Neutral call on WCT with an unchanged TP of RM1.08.

Analyst:
Denny Oh
Oh.BoonYeow@publicinvestbank.com.my

Titan Trading Notes For Wednesday [18/9/2024]:

$KLCI had a good breakout back towards the 1664 points regions with an overall positive market sentiment today after the past few weeks of selling down. Daily trading volume settled around the 3.1 billion mark, which is still average.

Main stocks that showed strong buying momentum today would be the likes of TOPGLOV, SUPERMX, CAREPLS, KOSSAN, HARTA, MYEG, CIMB, WCT, IHH, MALAKOF, and MRCB. All of which were able to sustain their rallies throughout the day on the top volumes list.

$HARTA / 5168 (HARTALEGA HOLDINGS BERHAD) was definitely the star performer today after hitting its limit up price at RM 3.14. This came after the US government increasing its tariffs on Chinese goods. As such, glove manufacturers from Malaysia that has exposure in the US will benefit greatly from this.

For now looking quite strong here and as long as able to sustain above its RM 2.90 immediate support levels on the daily chart, could continue on a major trend reversal and start trending upwards to the RM 3.50+ levels soon.

Will be monitoring HARTA closely as they have the highest exposure in US among other glove companies.

$HTPADU / 5028 (HEITECH PADU BERHAD) on the other hand also hit its limit up price of RM 2.99, definitely another star player here after announcement of its contract from JPJ with a value of over RM 120 million.

Even after it hit limit up price, the company's market share capitalization is standing at around RM 330 million. As long as it's able to sustain above its RM 2.63 immediate support, could continue on towards and beyond its RM 3.10+ regions soon.

Will be monitoring HTPADU closely here.

$WCT / 9679 (WCT HOLDINGS BERHAD) on the other hand after retracing all the way back towards the RM 0.91+ major support levels over the past 2 weeks, had been able to form a stable base there and breakout from its RM 1.03 main downtrend resistance today.

For now looking very strong for an uptrend continuation pattern here as long as able to sustain above its RM 1+ regions, could continue on towards and beyond the RM 1.16+ regions soon.

Will be monitoring WCT closely

Titan Trading Notes For Tuesday [17/9/2024]:

$KLCI had a decent rebound back towards the 1652 points region with an overall positive market sentiment as the market started to rebound from the past week of selling activities. Daily trading volume however merely settled around the 2.8 billion mark, which isn't so great yet.

Main stocks that showed strong buying momentum would be the likes of GENETEC, WCT, CIMB, MRCB, CEB, YTL, PBBANK, EKOVEST, SIMEPROP, SPSETIA, YTLPOWR, TANCO, GDEX, PERDANA, and UEMS. All of which were able to sustain their rallies throughout the day on the top volumes list.

$WCT / 9679 (WCT HOLDINGS BERHAD) after retracing back towards the RM 0.92+ major support levels, was able to rebound strong all the way back towards the RM 1.04 main downtrend resistance levels with huge volume during last Friday.

Since breaking out towards the RM 1.30+ regions, WCT had been retracing over the past 1-2 months here and is still on a downtrend. However, it is showing some signs of recovery here and if able to sustain above its RM 0.97 immediate support, could breakout from its RM 1.04+ main downtrend resistance for a potential new uptrend once more.

Will be monitoring WCT closely here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) despite breaking below its RM 1+ major support levels, had actually been suffering from further selling pressure, retracing all the way back towards the RM 0.80+ major support levels over the past week.

On Friday, it was finally able to have a decent rebound, breaking out back towards the RM 0.89 regions with good volume. However, it was still met with some selling pressure which saw the stock close back towards the RM 0.86 regions.

Have to monitor GENETEC closely to see if it's able to breakout from its RM 0.90+ major resistance levels or not for a further breakout.

$SIMEPROP / 5288 (SIME DARBY PROPERTY BERHAD) on the other hand after retracing and consolidating with RM 1.26+ as the main support over the past few months, had formed its higher low base already and started to breakout back towards the RM 1.45+ regions during last Friday with good volume and buying momentum.

So far showing very healthy and positive signs for an uptrend continuation pattern here. As long as able to sustain above its RM 1.40+ immediate support, could continue on to trend up towards the RM 1.70 regions once more in the coming weeks.

Will be monitoring SIMEPROP closely here.

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by TA
Buy - TP RM1.54

"Outperforming 1H Results"

Following the earnings revision, we raise our target price to RM1.54 from RM1.52, based on unchanged P/bk of 0.65x CY25 book value per share. Maintain Buy.

Analyst:
Raymond Ng Ing Yeow
raymondng@ta.com.my

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by Public
Neutral - TP RM1.08

"Lifted by Malls and Hotel Operations"

WCT Holdings Bhd (WCT) reported a net profit of RM16.1m in the 2QFY24 on the back of higher revenue by 15.5% YoY. Performance is mainly supported by property development and property investment segment. Cumulatively, 1HFY24 net profit came in at RM47.4m, beating both our and street estimates, accounting for 280% and 128% of full-year forecast respectively. The discrepancy is mainly due to higher than expected contributions from its malls, hotels and property sales. We raise our FY24-26F earnings forecasts by average of four folds, to account for higher occupancy and rental rates and higher sales and billing of properties. We maintain our Neutral call on WCT with a higher TP of RM1.08 (previously RM1.00), pegged at 0.4x PBV (+2SD).

Analyst:
Denny Oh
Oh.BoonYeow@publicinvestbank.com.my

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by MIDF
Neutral - TP RM0.97

"Anticipating Stronger Progress Billings"

• Core earnings grew 2.4x in 2QFY24 to RM31.0m; within expectations
• Slower construction progress led to -17.0%yoy lower segment PBT of RM11.2m but margins improved from 4.9% to 6.0%
• Outstanding order book at RM3.15b; achieved 23.2% of FY24 replenishment target (RM2.0b)
• Maintain NEUTRAL with an unchanged TP of RM0.97

Analyst:
Royce Tan Seng Hooi
royce.tan@midf.com.my

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by Kenanga
Market Perform - TP RM1.17

"Brighter Prospects; Upgrade to MP"

WCT’s 1HFY24 results met expectations. Its 1HFY24 core profit jumped five-fold to RM27.4m as margin recovery in its
construction unit meant that pressure from prolongation costs has faded, while property earnings were supported by strong sales. It is poised for better earnings prospects with several projects in the pipeline. Its REIT listing is the start of a re-rating exercise; hence, we upgrade it to MP with a higher TP of RM1.17.

Analyst:
Teh Kian Yeong
tehky@kenanga.com.my

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by HLIB
Buy - TP RM1.48

"Impressive 1H"

WCT’s 1HFY24 core PATAMI of RM47.4m was well above our and consensus expectations. Beat came from stronger-than-expected margins as well as JV & associate contribution. Property segment is showing healthier numbers while
property investment saw better footfall and rental rates. We expect more construction wins backed by >RM13bn of intended tenders. Upcoming REIT monetisation could be a value unlocking catalyst. Post-beat, we lift FY24f/25f/26f earnings by +47.5%/38.9%/+0.9%. Maintain BUY with TP of RM1.48. We believe ongoing corporate exercises will rerate valuations higher from current depressed P/B multiple of 0.54x (approximately 56% discount to KLCON).

Analyst:
Edwin Woo, CFA
ckwoo@hlib.hongleong.com.my

$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by CGS
Add - TP RM1.52

"Encouraging 2Q24 results; needs more construction wins"

■ 2Q24 results met expectations on strong presales and property earnings.
■ Encouraging YTD construction wins but needs to do more to strengthen orderbook, in our view. Reiterate Add and SOP-derived TP RM1.52.

Analyst:
CHONG Tjen-San, CFA
E tjen-san.chong@cgsi.com

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 Thursday [22/8/2024]:

$KLSE-KLCI resumed its retracement, closing back towards the 1635 points region with an overall mixed market sentiment as we still saw over 570 counters closing red for the day. Daily trading volume remained average around the 3.2 billion mark, which is just average.

Main stocks that showed strong buying momentum today would be the likes of CEB, MYEG, TANCO, BPURI, WCT, AMBANK, YNHPROP, JPG, UNIQUE, MIKROMB, and UEMS. All of which were able to sustain their rallies throughout the day on the top volumes list.

$CEB / 5311 (CAPE EMS BERHAD) definitely took the spotlight today as it managed to breakout all the way towards the RM 0.45+ regions after announcing a net profit of around RM 8.7 million during its latest quarter during lunch time.

Despite taking a hit and closing back towards the RM 0.425 regions, it's still looking quite strong here and as long as able to sustain above its RM 0.41+ immediate support levels, could continue on towards and beyond the RM 0.44 - RM 0.45+ major resistance levels soon.

$WCT / 9679 (WCT HOLDINGS BERHAD) since retracing back towards the RM 0.955+ major support levels earlier this month, was able to rebound quite well over the past week, and broke out towards the RM 1.05+ regions today with good volume and buying momentum.

For now looking quite strong here and as long as able to sustain above its RM 1 main support level, could continue to trend up towards the RM 1.17 major resistance levels soon in the coming weeks.

Will be monitoring WCT closely here as the volume and buying momentum remains quite strong.

$UNIQUE / 0257 (UNIQUE FIRE HOLDINGS BERHAD) although took quite a hit and retraced all the way back towards the RM 0.38+ major support levels yesterday, was able to rebound well back towards the RM 0.41 - RM 0.42+ regions today with good volume and buying momentum.

Seems to have formed its higher low regions here already during this retracement. As long as able to sustain above its RM 0.385 immediate support, could continue on to trend up towards and beyond the RM 0.455+ all time high levels.

Will be monitoring UNIQUE closely as I believe still on a strong uptrend here.

$WCT / 9679 (WCT HOLDINGS BERHAD)

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

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGWCT HOLDINGS BERHAD ("WCTH" OR "COMPANY")

PROPOSED PLACEMENT OF UP TO 141,664,000 NEW ORDINARY SHARES IN WCTH ("SHARES"), REPRESENTING UP TO 10.00% OF THE TOTAL NUMBER OF ISSUED SHARES ("PROPOSED PLACEMENT")

Titan Trading Notes For Wednesday [7/8/2024]:

$KLSE-KLCI had a good rebound back towards the 1574 points region today after the huge panic selling wave yesterday from the Nikkei crashing. Daily trading volume settled around the 6.3 billion mark, mostly dominated by buyers fortunately.

Main stocks that showed strong buying momentum today would be the likes of MYEG, VELESTO, SIMEPROP, WCT, TOPGLOV, JCY, MRCB, SUNWAY, UEMS, RGB, ARMADA, MAHSING, HIAPTEK, SPSETIA, DNEX, IJM, HARTA, ECOWLD, VS, YTL, and INARI. All of which were able to sustain their rallies throughout the day on the top volumes list.

Among others, $WCT / 9679 (WCT HOLDINGS BERHAD) was one of the stronger ones as it was able to hold above its RM 0.95+ main support levels over the past few days here and rebounded back above the RM 1+ regions already today with good volume.

For now could be forming a higher low region here and if able to breakout from its RM 1.05+ resistance levels, could continue to rebound further towards the RM 1.15+ regions soon.

Will be monitoring WCT closely here.

$JCY / 5161 (JCY INTERNATIONAL BERHAD) since breaking out towards the RM 0.93 major resistance levels, had been retracing over the past 2 months here and today, rebounded quite strongly from its RM 0.525+ major support levels with good volume and buying momentum.

For now could be forming a mid term dip region around the RM 0.525+ regions here on the daily chart and if able to sustain, could trend back towards the RM 0.65+ major resistance levels soon once more.

Although JCY is the least profitable HDD supplier among DUFU and NOTION, it ironically has the biggest market capitalization. Hence, will still be worth monitoring here.

$THETA / 9075 (THETA EDGE BERHAD) on the other hand is performing quite well here despite the huge panic selling wave earlier this week, still being able to hold well above its RM 2+ major support levels on both the hourly and daily charts.

For now climbing back well here towards the RM 2.27+ regions and if able to sustain, could breakout from its RM 2.40+ immediate downtrend resistance levels for an uptrend continuation pattern soon.

NIISE project will be announcing soon and THETA will be one of the main contenders. Will be monitoring it closely.

$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)
...