Ytl Power International Bhd

Titan Trading Notes For Wednesday [16/4/2025]:

KLCI had a slight rebound back towards the 1486 points region, closing green today with an overall mixed market sentiment as we still saw over 430 counters closing red for the day today. Daily trading volume settled around the 3.3 billion mark, which is a slight improvement from the day before.

Main stocks that showed strong buying momentum would be the likes of PERTAMA, ELRIDGE, TANCO, IWCITY, DATAPRP, YTL, CAPITALA, ARMADA, MAGMA, and WPRTS. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

PERTAMA had a pretty huge breakout all the way towards the RM 0.13 regions with good volume here, rallying over 50% despite the mixed market sentiment from the RM 0.085+ levels.

For now looks quite strong here and if able to sustain above its RM 0.105 support, could continue to trend bac up towards its RM 0.145 - RM 0.155+ resistance levels in the coming week.

Will be monitoring PERTAMA closely.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand since retracing back towards the RM 2.90+ major support levels, been also rebounding well and broke out towards the RM 3.25 regions today with good volume and buying momentum.

So far, it's been showing signs that it may have reached the bottom already in this dip and if able to continue tis buying momentum, could breakout from its RM 3.40+ major resistance levels soon and start trending back up towards the RM 4+ regions.

Will be monitoring YTLPOWR closely.

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

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

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

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

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

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

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

Will be monitoring KPJ closely for potential bargain hunting opportunities.

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

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

Will be monitoring YTLPOWR closely.

Based on Kenanga's valuation, it would appear ytlpower is trading below its IPP and Essex water business combined diluted further by another 20% (implication: recent corp exercise with max dilution of 20%) at RM3.08. Would it be a good idea to buy the dip on the back of deepseek and Ai Chip diffusion driven fear? $YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)

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

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

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

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

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

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

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

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

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

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

Will be monitoring GAMUDA closely.

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

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

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

Titan Trading Notes For Friday [24/1/2025]:

$KLCI retraced back towards the 1577 points region with an overall negative market sentiment as we saw over 670 counters closing red for the day today. Daily trading volume settled around the 3.2 billion mark, but unfortunately was dominated by sellers today.

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

$KOPI / 0338 (ORIENTAL KOPI HOLDINGS BERHAD) was definitely the star performer for the day as it rallied all the way towards the RM 0.985 regions with huge volume and buying momentum today despite the weak market sentiment.

Although it faced some selling pressure around the RM 0.98+ regions which saw it retrace back towards the RM 0.875 regions during closing, overall still looking quite bullish here with RM 0.85+ as the support.

Will be monitoring KOPI closely here.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since retracing back towards the RM 3.65+ main support levels, been able to recover quite well over the past week here despite the shaky market sentiment with good volume and buying momentum.

It even announced that it will be having bonus issue warrants for every 5 shares held. This could serve as a catalyst for the stock to trend back up further as long as able to hold above its RM 3.80_+ main support levels on the daily chart now.

Will be monitoring YTLPOWR closely here.

The overall market sentiment remains choppy here and I expect it to be like that in the coming few weeks as well until we see more positive news to stir up the market. Until then, do trade with caution first and try not to make any overly aggressive trades.

Titan Trading Notes For Monday [20/1/2025]:

KLCI had a decent rebound back towards the 1566 points region with an overall positive market sentiment as the market as a whole started to rebound from the past week of rigorous selling activities. Daily trading volume settled around the 3.1 billion mark, which is pretty decent.

Main stocks that showed strong buying momentum would be the likes of VELESTO, MYEG, YTL, SUNWAY, YTLPOWR, ARMADA, IJM, JCY, SUNCON, MNHLDG, TENAGA, DNEX, UEMS, and PBBANK. All of which were able to sustain their rallies throughout the day on the top volumes list.

$SUNWAY / 5211 (SUNWAY BERHAD) since retracing all the way back towards the RM 4+ major support levels over the past week, been able to sustain the selling pressure and rebounded back towards the RM 4.20 regions with good volume and buying momentum.

For now showing signs of a potential rebound here. As long as able to hold above its RM 4.05+ immediate support levels, could bounce back towards the RM 4.40+ major resistance levels soon in the coming week.

Will be monitoring SUNWAY closely here as looks ripe for a potential rebound.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand since retracing all the way towards the RM 3.65+ main support levels on Friday, was able to rebound back strong towards the RM 3.90 regions on the daily chart here on the same day.

This is a strong sign that it's reached its bottom already after 1-2 weeks of continuous heavy selling activities. As long as able to keep this up, could trend back up towards its RM 4.20 - RM 4.40+ major resistance levels soon in the coming weeks.

Will be monitoring YTLPOWR closely here.

$GENETEC / 0104 (GENETEC TECHNOLOGY BERHAD) on the other hand since breaking out towards the RM 1.50+ regions, been retracing over the past 2 weeks here back towards the RM 1.25+ main support levels and was able to bounce back well towards the RM 1.39 regions on Friday.

so far seems to have formed its higher low regions already and as long as able to sustain above its RM 1.33+ immediate support, could trend back up towards the RM 1.50+ major resistance levels soon for an uptrend continuation pattern soon.

Will be monitoring GENETEC closely here.

Titan Weekend Chart Reviews

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)

Buying support very strong below the RM 3.80+ regions, suggesting a potential higher low region here on the daily chart already.

If able to sustain, could start rebounding back towards the RM 4.15 - RM 4.20+ major resistance levels soon in the coming weeks.

Support: RM 3.80 area
Resistance: RM 4, RM 4.15, RM 4.20, RM 4.40 areas

Another take from remisier...

...

🧠 Fresh Oven’s DC Take 🧠

‼️ First Wave of News – 9 Jan

Key developments that jolted the market:

i) Malaysia (MY) classified as a Tier 2 country;
ii) Import restrictions capped MY’s ability to import only 50k GPUs over two years;
iii) Data center operators limited to deploying a maximum of 7% of their computing capacity in any single Tier 2 nation, including MY.

Impact: These announcements triggered a massive selldown across AI/DC-related names, including DC builders, PropCon, Tech EMS, and MEP players, with declines ranging from 7-23% on a sharp reversal from the AI euphoria seen prior to 9 Jan.

Market Observation: Channel checks across Institutional funds, Retailers, HNW, and other investors revealed a black swan reaction, with many rushing to lock in profits or cut losses amidst fears of further downside. This sentiment-driven response resulted in a clear mean reversion among AI/DC names.

That said, not everyone is throwing in the towel; some are eagerly eyeing the opportunity to scoop up bargains at the bottom.

✅ Second Wave of News – Shedding More Light on Hopes? (13 Jan)

Could the MY market react positively? Here’s why optimism is building:

i) Clearer regulatory flexibility with six key mechanisms:

• No restrictions for 18 key allied nations.
• Leeways through U-VEU and N-VEU statuses, allowing up to 50k–320k advanced GPUs under specific conditions.
• Bilateral flexibility via G2G arrangements to address unique needs.

ii) 120-day comment period on the framework, which opens up opportunities to revise or soften the regulations, balancing the initial fallout.

iii) NVIDIA’s Statement on the “AI Diffusion Rule”
• Critiques the Biden Administration for its regulatory overreach, which risks stifling innovation and undermining U.S. technological leadership.
• Asserts that non-enforceability for 120 days provides a window for recalibration.
• Highlights the possibility of policy reversal or moderation under a new administration (e.g., Trump’s inauguration).

🧐 Thoughts / Implications

The market could transition from panic to a more measured outlook on this new variation, supported by:

i) Regulatory flexibility bringing clarity and leeway.
ii) Hopes for policy moderation following Trump’s inauguration (20 Jan).
iii) Structural demand growth tailwinds in AI and data centers, which remain intact despite short-term disruptions.

👋🏻 For long-term investors, this extreme volatility (could be just one of it) presents attractive entry points into:

• Fundamentally strong names positioned to benefit from secular growth trends.
• Perceived-implicated names that are fundamentally unaffected by the new framework.

🔍 Sector Views:

Tech/Semicon: MY OSAT and SPE players are not overly reliant on AI growth in our view, with earnings deriving from FE capex cycles and BE expansion (Auto, Industrial, PC, EV, Medical, RE, Communication, IoT). AI acts as an additional tailwind but isn’t the sole driver.

Most players show better earnings visibility following a prolonged consolidation phase (saved for EV which is still on consolidation now)

Fundamentally, the sector appears less vulnerable to policy disruptions compared to AI-dedicated plays.

EMS: Selective names like NationGate and PIE, heavily exposed to AI server/parts assembly, face greater vulnerability. However, the recent mean reversion (10-23% decline since 7 Jan) has partially priced in the negative news.

NationGate currently trades at 25x 2025 PE, with consensus assuming 3k–5k AI GPU assemblies. Understand that investors into this name are waiting on potential regulatory leeways or policy recalibrations under Trump’s administration, which could soften the impact.

DC builders/owners: Quoting news from The Edge -

YTL Power International Bhd managing director Datuk Seri Yeoh Seok Hong reiterated that the group is the first non-US company selected in Asia to partner Nvidia Corp to deploy and manage a supercomputer driven by the GB200 Blackwell GPUs or graphic processing units in the region. (By The Edge)

🎯Final Take: The odds hinge on whether additional regulatory leeways or a less punitive stance materialize, potentially spurred by Trump’s inauguration.

In the meantime, fundamentally sound, diversified names in Tech and EMS offer compelling opportunities for long-term investors willing to ride out the current volatility. The secular growth story in AI and data centers could be here to stay, and history suggests such disruptions often pave the way for strong recoveries. And of course, all with the right valuation :)

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) $PIE / 7095 (P.I.E. INDUSTRIAL BERHAD) $YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)

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

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

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

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

https://cutt.ly/3e9Xjfc4

—

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

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

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

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

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

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

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

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

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

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

Titan Trading Notes For Thursday [16/1/2025]:

KLCI suffered from huge selling activities, taking it all the way down towards the 1562 points region with an overall bearish market sentiment as we saw over 960 counters closing red along with it for the day. Daily trading volume settled around the 3.4 billion mark mainly dominated by sellers.

There were no stocks in particular that performed well today on the top volumes list as most of them still taking quite a huge hit here.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) after obtaining its digital banking license from the MOF, was able to see good buying support come in and closed slightly green around the RM 3.83 regions with huge chunks of shares being transacted.

After taking a huge hit over the past week from its RM 4.50+ major resistance levels, seems to have finally found support around the RM 3.80+ regions on the daily chart here. With a doji candlestick being formed, could rebound back towards the RM 4+ regions soon here.

Will be monitoring YTLPOWR closely here.

$NATGATE / 0270 (NATIONGATE HOLDINGS BERHAD) on the other hand since retracing from its RM 3+ all time high levels, seems to have formed a solid support around the RM 2.25 - RM 2.30 regions on the daily chart as it was able to close back towards the RM 2.30 regions today.

For now looking quite stable here on the daily chart and if able to form a higher low region here, could rebound back towards its RM 2.50 - RM 2.60+ resistance levels soon for at least a technical rebound.

Will be monitoring NATGATE closely.

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

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

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

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

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

Will be monitoring ELRIDGE closely as still showing good strength.

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

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

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

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

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

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

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

This could be serious... sharing from remisier

The USA will impose a full access blockade on Data Center chips in Malaysia

MIDF view
We'll have to see what Trump will do when he takes office. Trump can immediately rescind this. One scenario is that US/Western MNCs in Malaysia will still be able to get the chips they require for the DCs in Malaysia, but for the rest may have to source from other countries like China. It could be a case where most of the DCs don't as yet require the advance AI chips.

Geopoltically speaking, US is not doing any favours in terms of maintaining or building relations with global majority. This could further strengthen any alternative partnerships such as BRICS.

There might be selling pressure on DC exposed counters. But need to look deeper, as some will still have other core business that will moderate the impact and/or DC contribution is still small. E.g. Gamuda (BUY, TP: RM5.42) and Mah Sing (BUY, TP: RM2.08). This could be an opportunity to accumulate on these strong fundamental companies. Although not really relevant to our tech (OSAT) players, negative sentiment might prevail, so try to withold exposure in this sector for now.

$GAMUDA / 5398 (GAMUDA BERHAD) $YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) $MAHSING / 8583 (MAH SING GROUP BERHAD)

Titan Weekend Chart Reviews

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)

In the middle of a potential rounding bottom trend reversal pattern here and recently took a hit back towards the RM 4.15+ support levels.

So far able to hold quite well here and if able to form a higher low base, could trend back up towards the RM 4.50+ resistance levels once more soon.

Support: RM 4.15 area
Resistance: RM 4.30, RM 4.50, RM 4.60 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)

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
Research Report by MAYBANK

Titan Weekend Chart Reviews

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)

Looks like a potential major rounding bottom trend reversal pattern here on the daily chart here.

For now as long as able to sustain above its RM 4.15+ support, could trend back up towards its RM 4.50+ major resistance levels soon in the coming week.

Support: RM 4.15 area
Resistance: RM 4.45, RM 4.50, RM 4.60, RM 4.90 areas

Titan Trading Notes For Monday [23/12/2024]:

KLCI retraced back towards the 1591 points region with an overall mixed market sentiment on Friday as we saw over 550 counters closing red for the day along with it. Daily trading volume however was able to remain around the 3.3 billion mark, which is a pretty good sign.

Main stocks that showed strong buying momentum would be the likes of YTL, YTLPOWR, JCY, SCABLE, MYEG, GAMUDA, PESTECH, and SUNWAY. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since breaking out towards the RM 4+ regions on Thursday, was able to sustain the buying momentum and rallied towards the RM 4.30 regions with huge volume on Friday.

Although it still faced strong selling pressure around the RM 4.20+ regions, its closing price of RM 4.14 was still a pretty decent one. For now as long as able to sustain above its RM 4 immediate support, could continue to trend back up towards the RM 4.40+ major resistance levels.

Will be monitoring YTLPOWR closely here

$JCY / 5161 (JCY INTERNATIONAL BERHAD) on the other hand since breaking out towards the RM 0.50+ regions earlier this month, been consolidating well around this region, potentially forming its higher low regions here on the daily chart.

On Friday, was even able to breakout back towards the RM 0.54+ regions with good volume here. Although still met with some selling pressure, still a pretty good sign here and as long as able to sustain, could continue to trend back up towards the RM 0.575 - RM 0.60+ regions soon.

Will be monitoring JCY closely here as seems to be recovering quite well.

$UWC / 5292 (UWC BERHAD) on the other hand since breaking out from its RM 2.80+ major resistance levels, been trending up strong towards the RM 3.10+ regions over the past week here with good volume and buying momentum.

For now, looks very ripe for a further recovery wave back towards the RM 3.40 - RM 3.50+ main downtrend resistance levels on the weekly chart soon in the coming weeks here.

Will be monitoring UWC closely

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
Research Report by TA

Titan Trading Notes For Friday [20/12/2024]:

KLCI had a slight rebound, closing green around the 1600 points region but the overall market sentiment was definitely a bearish one as we had almost 700 counters closing red for the day. Daily trading volume was able to surge back towards the 3.2 billion mark, which was pretty good.

Main stocks that showed strong buying momentum would be the likes of YTL, YTLPOWR, WINSTAR, TOPGLOV, SUPERMX, GENETEC, TANCO, CIMB, KPJ, and SIMEPROP. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

YTL and YTLPOWR without a doubt were the star performers for the day. This should not come as surprising since MACC cleared their case on the 1Bestarinet issue yesterday evening.

$YTL / 4677 (YTL CORPORATION BERHAD) was able to gap up and broke out from its RM 2.30 major resistance and rallied all the way towards the RM 2.55+ regions, breaking out strong from its EMA 200 resistance of RM 2.50 here with huge volume and buying momentum.

For now definitely looking very bullish here and if able to keep this up, could trend back up towards the RM 2.80+ major resistance levels in the coming weeks until its next pullback.

Will be monitoring YTL closely here as it looks poised for a potential huge recovery.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand was also able to gap up strong and broke out from its RM 3.80+ main downtrend resistance and rallied all the way towards the RM 4.08 regions with huge volume and buying momentum.

Looking very bullish here and if able to sustain its buying momentum, could trend back up towards its RM 4.40+ major resistance levels in the coming weeks for an uptrend continuation pattern.

Will continue to monitor YTLPOWR closely here.

$CORAZA / 0240 (CORAZA INTEGRATED TECHNOLOGY BERHAD) n the other hand although retraced back towards the RM 0.50+ support levels this morning, was able to rebound strong to close green around the RM 0.545 regions with good volume and buying momentum.

It may have formed its higher low regions already over the past few days of retracement. If able to sustain above its RM 0.525 immediate support, could trend back up towards the RM 0.575 major resistance levels soon.

Will be monitoring CORAZA closely.

Titan Trading Notes For Thursday [19/12/2024]:

KLCI had a slight rebound back towards the 1599 points region with an overall mixed market sentiment as we still saw over 500 counters closing red for the day. Daily trading volume remains low around the 2.5 billion mark, which isn't so good.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, YNHPROP, TANCO, JTGROUP, PESTECH, YBS, JCY, MUDAJAYA, HARTA, SDCG, and SUNWAY. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$SUPERMX / 7106 (SUPERMAX CORPORATION BERHAD) was definitely the star player today as it was able to breakout all the way towards the RM 1.23 regions with huge volume and buying momentum despite taking a little hit over the past 2 trading days.

For now looking very bullish here and as long as able to sustain above its RM 1.13 immediate support on the daily chart, could continue to trend back up towards the RM 1.30+ regions soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring SUPERMX closely here as may be the main theme running.

$CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) since breaking out towards the RM 0.94 regions earlier this month, been consolidating over the past 2 weeks here with RM 0.89+ as the main support levels and was even able to breakout towards the RM 0.95+ regions today with good volume.

So far looking quite bullish here and if able to sustain, could continue to trend back up towards its RM 1.05 all time high levels soon in the coming weeks for an uptrend continuation pattern.

Will be monitoring CLOUDPT closely here

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since breaking out towards its RM 3.80+ major resistance levels earlier this month, been consolidating over the past few weeks with RM 3.60+ as the main support levels on the daily chart here.

So far seems to be forming a potential higher low region already on the daily chart. If able to sustain, could breakout from its RM 3.80+ major resistance levels once more and start trending up back towards the RM 4.10+ regions soon in the coming weeks.

With MACC clearing its case on the 1Bestarinet issue, I expect the market to react positively to this news tomorrow. Will be monitoring it closely

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
Research by KENANGA

Titan Trading Notes For Thursday [5/12/2024]:

$KLCI had a decent rebound back towards the 1614 points region with an overall positive market sentiment today as most stocks started to rebound with huge volume. Daily trading volume was also able to surge back towards the 3.6 billion mark, which is a pretty good sign here.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, RL, ARMADA, CEB, SIMEPROP, YTL, 99SMART, YTLPOWR, KOSSAN, NATGATE, ECOWLD, JFTECH, PWRWELL, DIALOG, and SUPERMX. All of which were able to sustain their rallies throughout the day on the top volumes list.

$RL / 0219 (RESERVOIR LINK ENERGY BHD) was definitely one of the star performers today as it was able to breakout from its RM 0.37 major resistance, rallying all the way towards the RM 0.40 major resistance levels with huge volume and buying momentum here.

Although it was still met with some selling pressure, its closing price of RM 0.365 was still a pretty good sign here. For now as long as able to hold above its RM 0.35 - RM 0.36 immediate support, could still continue to trend back up towards the RM 0.4+ regions soon.

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

$JFTECH / 0146 (JF TECHNOLOGY BERHAD) on the other hand was also one of the star performers as it managed to surge up parabolically, rallying all the way from the RM 0.56 levels towards the RM 0.71 regions with huge volume and buying momentum.

This came after its year long retracement from the RM 0.90+ regions all the way towards the RM 0.50 major support levels just earlier this week. For now looking quite strong here but could be facing its RM 0.75 major resistance levels soon.

Will be monitoring JFTECH closely here as seems to be awaken already after so long.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) since breaking out from its RM 3.65 major resistance levels yesterday, was able to sustain the buying momentum and broke out towards the RM 3.78 regions today with good volume and buying momentum.

So far still looking quite bullish here and as long as able to sustain above its RM 3.60+ immediate support on the daily chart, could continue on towards and beyond the RM 4+ major resistance levels soon for a further uptrend continuation pattern.

Will be monitoring YTLPOWR here.

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

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
Research Report by Kenanga

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
Research Report by TA

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
Research Report by RHB

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
Research Report by MAYBANK

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
Research Report by HLIB

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)
Research Report by CGSI

Titan Trading Notes For Wednesday [27/11/2024]:

$KLCI had a slight rebound back towards the 1603 points region with an overall mixed market sentiment as we saw over 580 counters closing red for the day. Daily trading volume dropped back towards the 2.5 billion mark, which isn't really a good sight.

Main stocks that showed strong buying momentum would be the likes of 3REN, IHH, YTL, KPJ, PHARMA, TOPGOLV, YTLPOWR, and YEWLEE. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$3REN / 0328 (3REN BERHAD) broke out with pretty huge volume, rallying towards the RM 0.42+ regions today despite the mixed market sentiment with very strong buying momentum. This came after it retraced over the past few weeks from its RM 0.49 all time high levels.

For now although unable to close on its intraday high, as long as able to sustain above its RM 0.39+ immediate support, could continue to trend up towards the RM 0.43 - RM 0.45+ major resistance levels soon.

Will be monitoring 3REN closely here as seems to be trending up strong.

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD) on the other hand since retracing back towards the RM 2.83+ major support levels, was able to hold well and rebounded strongly since then, even breaking out from its RM 3.20+ regions today with huge volume.

For now still facing strong selling pressure around its RM 3.25 main downtrend resistance. However, with YTLPOWR releasing earnings of a 40% drop QOQ, not sure how will the market react in the coming few days.

Will have to monitor YTLPOWR closely here as it's facing its crucial downtrend resistance levels here.

$PLYTEC / 0289 (PLYTEC HOLDING BERHAD) since retracing all the way back towards the RM 0.34+ major support levels over the past 2 weeks, had been able to recover quite well and broke out from its RM 0.39 all time high levels, closing on its new all time high at RM 0.395 with good volume and buying momentum.

So far looking very strong here and as long as able to sustain above its RM 0.375+ immediate support levels, could continue on towards the RM 0.40++ regions for a bullish continuation pattern.