Irony of Rate Cuts & The Response
O'Mighty Capital
by omightycapital
4y ago
The theme for this week would be rate cuts by central banks round the world including our very own Bank Negara and the big surprise from Fed last night. This is the cut in respond to Covid-19 slowdown for the broad economy. Clearly, China alone had been reporting a major slowdown based on the purchasing manager’s PMI that showed drastic contraction moving forward. So, it is coming! Going back to the headline, what’s the irony of a rate cut? We always assume that a rate cut could propel the economy forward from these instances. i) Lower rates at the bank means you will spend more money rather ..read more
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CIMB – Malaysian Strategy after the change of Government
O'Mighty Capital
by omightycapital
4y ago
This report summarizes each and every sector on its impact and prospect with the new government coming in place. Have a look ..read more
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National Automotive Policy 2020
O'Mighty Capital
by omightycapital
4y ago
See the DBS report on the latest revision to the National Automotive Policy ..read more
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CIMB on DRB Hicom with 35% Upside
O'Mighty Capital
by omightycapital
4y ago
Checkout the latest report by CIMB promoting at 35% upside to DRBHICOM. The base case being the rebound on sales for Proton and the revision of postal charges for Pos Malaysia. See the report below ..read more
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SUCCESS Transformer Corp
O'Mighty Capital
by omightycapital
4y ago
Back in December, CIMB posted a report and gave a 86% upside to this counter. SUCCESS is the name. When the report was first released. The share price spiked past RM1.00 in early December. The priced had came down once again and it starts to get interesting. A Little About The Company SUCCESS provides transformer capabilities and LED lighting specific to industrial usage. Transformer package covers a wide extent from measuring to monitoring. The LED lighting solutions provided are under the distribution of the brand Nikkon. (not your camera) Nikkon specializes in industrial lighting under LED ..read more
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CIMB on VS Industry
O'Mighty Capital
by omightycapital
4y ago
Although we called for a sell earlier on VS, the recent chart seems to be interesting as it is consolidating heading upwards with the right catalyst. But this catalyst hasn’t been clear yet. Look out for abnormal volume surges to determine a break-out trend in the near term. Meanwhile in the latest report by CIMB, they attended their quarterly briefing yesterday and remained neutral with no major surprises. Have a look at the latest report ..read more
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DBS 2020 Strategy for Malaysia
O'Mighty Capital
by omightycapital
4y ago
Have a look at the latest report ..read more
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Weirdly Optimistic Market
O'Mighty Capital
by omightycapital
4y ago
Just about 5 trading days ago, the Dow Jones & S&P500 looked like tanking at least another 10% with tweets by Trump on escalating the trade wars once again. Within two days, the cloud clears up and with market was set free to climb trying to reach the all-time highs. At this stage, we get a ‘weird optimism’ feeling somewhat similar to when someone tells you that “everything is going to be alright” but you are pretty sure it’s not. Prior to the drop that we converted much of our positions back to cash & locking in profits that we made earlier. What’s left would be positions in the H ..read more
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MYEG Target Price RM1.96?
O'Mighty Capital
by omightycapital
4y ago
MYEG posted their latest results and revenue stabilized around the sub RM120 million range. But the reported earnings came with good profits to show even for the lowered revenue quarter. According to CIMB, the profit for Q4 2019 could have been higher if the recruitment of new foreign workers took off quickly. We believe that the profit had started to register growth and it is likely that we see stronger profits generated with other parts of their businesses gaining traction. Some of the initiatives adopted recently are a way to transform from their old businesses. CIMB places a whopping 66% u ..read more
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CIMB Reports Q3 2019
O'Mighty Capital
by omightycapital
4y ago
The company reported historical high revenue with lower margins due to about RM500 million worth of one-off expenses. We think that the restructuring via closure of branches and MSS paid to employees would result in better margins ahead. Maybank shifted the target price higher by 13% also anticipating this matter. Have a look at the latest research report ..read more
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