I attended a free webinar “Mari Labur” on 26th June 2021. It is organized by CIMB iTrade. The event is organized via Zoom. You can asked questions and the organizers will answers all the questions live or via the chatbox.
Summary of Webinar
- MCO 3.0 Impact to the market
- Top picks
- Outlook for July 2021
- Sentimens Suvey
- Keys Insights
- Explanation on fe Top picks
MC3.0 Impact to the market
GDP forecast revised down from 5.7% to 4.4% even after take into consideration stimulus packages from government total at RM380 billions.
Sectors least affected are (tech, gloves makers, plantation and oil and gas)
Top Picks
Top picks are MISC, Malaysia Airpots, Sime Darby, MPI, Pentamaster, Maybank, Petronas Gas, Kossan Rubber, Freight Management, Dupharma Biotech and Velesto.
Top 3 picks are Inari, Public Bank and Telekom Malaysia.
Outlook for July 2021
Based on KLCI’s performance trends, expected positive trend with an average month on month gain of 0.7% return.
Sentiments Survey
Retail investors are the largest participants 37% shares traded with value of RM6.4 billions ++.
Retailers got fund mostly from saving and EPF withdrawals via i-Sinar and i-Lestari
Keys Insights
Explanation of Top Picks – Mid Caps
Top picks are Uchi Technologies (7100) (TP: RM3.16), Wellcall Holdings (7231) (TP: RM1) and Success Transformers (7207) (TP: RM0.84)
