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    Muda Holdings (3883) Ornapaper (5065) Datasonic (5216)

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    UOBKayHian | rour trusted financial partner MARKET NEWS Despite opening higher, the FBMKLCI closed lower at 1,509.47 (-2.96pt) yesterday. Meanwhile, Asian stack markets advanced to a more than two-week high on Tuesday after US President Donald Trump was discharged from hospital following treatment for COVID-19, and as prospects for a fresh US stimulus package appeared to brighten, The FBMALCI's top gainers were Maxis (+2.9%), Petronas Chemicals Group (+1.7%) and ‘Tenaga Nasional (+1.3%), while the top losers ware Top Glove Corporation (3.1%), Hartalega Holdings (-3.1%) and 101 Corporation (-2.4%). Inthe broader market, losers ulpaced gainers 749 to 315 with 417 counters unchanged, Tumaver was 6,03b shares valued at RM3.800, Despite opening a tad higher at 1,616.70 the FBMKLCI was unable to move up further and traded in a tight range of 1,505-1,520 yesterday, suggesting investors remained cautious on the uncertain market. From a technical perspective, the FEMKLCI' recent Upward run was interrupted yesterday as profittaking pared down early gains. We believe the index would trade sideways in the near term. The support and resistance levels are stil maintained as follows: ‘Support: 1,477,1,450 Resistance: 1,553, 1,590 US stocks were lower after the close on Tuesday, as losses in the Consumer Services, Oi & Gas and Technology sectors led shares lower. At the dose in NYSE, the DJIA lost 1.34%, while the S&P 500 index fell 140%, and the NASDAQ Composite index fell 1.57%. Faling stocks outnumbered advancing ones on the NYSE by 1,918 to 1,156 and 102 ended unchanged; on the Nasdaq Stock Exchange, 1,631 fell and 1,242 advanced, while 102 ended unchanged. (Sources: Investing. Com) WHAT'S IN THE PACK Top Glove Muda Holdings (MUD MK) (TOPG MK/BUYIRME.S2/Target: RM12:30) Technical BUY on breakout with +18.9% We remain sanguine over Top Glove's potential return prospects; demand dynamics remain BUY with a target price of RMI.89 and Unchanged. stop-loss at RM1.51. Based on the dally chart, MUD formed a higher high and higher low, and closed at RM1.59 yesterday after a huge drop in the last few months, Omapaper (OPB MK) ‘Technical BUY on breakout with +18.5% potential return BUY on breakout with target price of RMi.41 and stop-loss at _RMt.07. ‘Yesterday's movement triggered a BUY on the back of @ positive closing above the BI line and a bulish crossover inthe ML Datasonic Group (DSON MK) Technical BUY on breakout with 24.0% potential return BUY on breakout with a target price of RMO.775 and stoposs at RM0.485. Since correcting ffom the previous high, share price has recovered gradually and moved above the 7- and 21-day EMAs yesterday, effectively reversing its downtrend, MALAYSIA KEY INDICES hg Pravciose 8 yrO(H) aia nmr (138) 8) SP 500 38095 (140) 408 FISet00 Sess 012 ttt) i300 A540 1) 1198 ssi 252028 048 (21.82) Hs ssed9 ost (1481) Hs! 2590085 090 (1485) sc e062 082 (ena) ict 0947 (025) 499) Kosar 238590 047.85 Nik 228 DATE 08 (084) se 125015088 (oa) TWSE sayz 124 880 Bor Zoro 282 90.00 cro (Rin) = 2ateoo 355 aT} Nymex Cre (usstat) B90 aM) 2899) TOP VOLUME Price Chg Vol Stock Gm) 8) (000) Xo ahd bz am) onan AiSystoraizaion 007 (867) 243737 JeyitamateralBnd 072 (1.38) 140.58 acoie Be naz (1815) 124068 BrisiKrder Corp 065.84) 98.208 TOP GAINERS Price Ghg Vol Stock Rats) 000) Te Propery Goup 0250004834 PogasusHoihistd 0032500 t7att Lambo Goup ha 0.08 20001 802 Poca oo 2000 ©4056 Poni Bra ore 15.5 3 TOP LOSERS Price Chg Stock m8) ConpugatesHeldngs 0.02 (20.0) Deo Asia ha oma (1887) Sancti Technolgy 005. (1887) Nagi Be ox (1819) sa Noodles Br ne (1428) Saute beet UOBKayHian | rour trusted financial partner TRADERS’ CORNER Muda Holdings (MUD MK) Technical BUY wih +18.9% pon tum Last pie: RIM 69 Target price: RM.68, RMI.69 Support RM 52 Stoploss:RM.51 BUY with a target price of RMI.89 and stoposs at RM1.51. Based on the daily MUD formed a higher high and tow, and closed at RMI.S9 yesterday aera huge drop in the last few months, This is supported by positive readings in the RSI and bulish crossover on the MACD andthe DMI. Moving forward, we expect MUD to continue ints bullsh momentum towards our targets at RMY.78 and RMI 89 inthe near term, Expected Timeframe: 2 wooks to 2 months. * Not availabe for CFD Trading Ornapaper (OPB MK) Technical BUY on breakout with +185% potential tun Las pie: RIM. 14 Target price: R92, RMA.¢1 Support: RM1.07 Sloplos: RM1.06 BUY on breakout with a target price of R41 and stop-oss at RMT.O7. ‘Yesterday's movement triggered a BUY on the back of a postive closing above the BBI line and a bullsh crossover in the DMI This is supported by an uptick in the RSI. Along with a consistent climb along the trend ine, this Te likely to Increase (P@'s probably of moving higher in the near term. As such, we peg our targets at RM.32 and RMI.A1 Ifthe stock penetrates the breakout level of RML.19, Expected Timeframe: 2 weeks to 2 months. * Not available for CFD Trading UOBKayHian | rour trusted financial partner TRADERS’ CORNER MALAYSIA Datasonic Group (DSON Mk) Technical BUY on breakout with +34.8% potential return Last price: RMO.53 Target price: RM0.695, RMO.775, Support: RlO.49 Sloploss: RMO.485 BUY on breakout with a target price of RMO.775 and stop-oss at RM0.485. Since correcting from the previous high, share price has recovered gradually and moved above the 7- and 21-day EMAs yesterday, effectively reversing its downtrend. Yesterday's gain was also accompanied by high trading volume as well as rising MACD and RSI indicators, indicating the positive momentum would strengthen in the near term. We expect share price to continue to move up if it Ponetrates the breakout lavel of RMO.575. Expected Timeframe: 2 weoks to 2 months * Not available for CFD Trading ANALYST Mohd Fakhrul Asyrag, MSTA, CFTe +603 2147 1994 ‘mohdtakhrulesyraq@uobkayhian.com UOBKayHian | rour trusted financial partner Cae Market Monitor CORPORATE NEWS AirAsia Has unveiled a massive debt restructuring proposal in which the airline wou reconstute RMB3.5 bilion worth of debs, including future lease rentals aircraft purchase commitments and advanced ticket Salo, info a principal amount of up to RM200 milion. AX also proposed a captal reduction of S0% of Ws Isued share capa in order to offeet ls accumatd losses, wihich i equivalent to @ reduction of RMI.38 billon from its share capital. thas also proposed a share conscldation to combine every 10 shares into one. (Source: The Edg0) Bintai Kinden Corp: Has entered into a distribution and licensing agreement with US-based firm conerex Biotacmnalogy Corp and its subsidiary NuGenerex immuno-Oncology Inc for their Cvides vaccine in Malaysia, This agreement i in claion tothe memorandum of understanding and heads of agreement signed with the respective companies in August and September. Is subsidiary Bint Heathcare San Bnd had been granted the exclusive rights to distribute, sell and commercialise the Covidt9 vaccine. (Source: The Edge) Duopharma: To partner with OEM in Indonesia, Singapore. Duopharma Biotech Bhd is in talks with original equipment manufacturers (OEM) in countries tke Indonesia, Singapore and the Philippines to produce vitamin C supplements in ine with its plan to strengthen its consumer healthcare Segment in Soulheast Asia, Chief executive officer Shamsul nam Ahad said the demand for Flavettes Effervescent Vitamin C grew by 30 per cent this year, and the ‘supplement has emerged as a best seller in the market due tothe rising public belief that it helps to boost the immune system amidst the Covid-19 pandemic. "It is simpler to appoint an OEM for the manufacturing of vitamin C. We launched Flavettes in 2017 and We need to re-tegister for the overseas market (if we manufacture it here in Malaysia), {and chances are we might (only) enter the market two years later,” he told Bemama on the sidelines of the World Halal Conference (WHC) 2020. He said engaging an OEM ‘would help to shorten the timeline for the product to enter the market. (Source: The Edge) Focus Dynamics Group: Has signed a heads of agreement with Oversea Enterprise Bhd to embark on an inemational expansion plan and brand enhancement strategy for the Oversea restaurant brand, which includes opening of eight new intemational restaurants in New York, Las Vegas, London, Paris, Sydney, Shanghai, Hong Kong and Singapore, The agreement ‘sees both parties collaborating resources, skilscts, investment and experience to execute an international network of new age Chinese restaurants, under the Oversea banner (Source: The Edge) Mr DIY : Aims to open 307 new stores by end-2021 to drive earnings and market share growth, Mr o1Y Group (M) ah, which akeady owns 674 stores in Melaysia and Bune intends to have 900 stores across its brands ny end-2021. Speaking at a press conference folowing the Taunch of ts prospectus forthe inital pubic offering (IPO), its chet executve offices and non- Independent execuve director Adrian Ong said iis same-store sale growth (SSG) Between 2017 and 2019 stands al 1.8% to 85%, noting thal this would be © good guide of where things are forthe group, which is best known fr ts home improvement stores. "As yOU know we ao adcing stores ata vary fast pace, As of Decombr 2018, two have] 599 stores. We are adding 307 new stores approximately across all of our diferent brands," he sai, He noted that typical, Mr DIY brand stores have capital investment (capex) of RMI.6 milion per store, while ts other brands require a capex per store of RM1.2 million. (Source: The Edge) Te eae 7 October 2020 UOBKayHian | rour trusted financial partner PUC: Wholly-owned subsidiary Presto Pay Sdn Bhd has inked a memorandum of understanding with licensed telephone betting channel provider Pan Malaysian Pools Sdn Bhd (PMPSB) forthe possiale introduction of an altarative payment soluton to the laters business. PMPSB operates the dmcGO ‘mobile beting application, while Presto Pay is involved in providing payment solutions, digital lifestyle services anc loyalty points programme. (Source: The Edge) SCGM: To export face masks. which siversited into personal protective ‘equipment (PPE) manufacturing in March, hopes to expor fs face masks to the US. SSCGM said ts Bonxon brand face masks, producod by ts wholy.awred subsidary Leo ‘Soon Seng Plastic Incustries Scn Bhd, have Deen reisterec with the US Food and Drug Administration for usage by the general puble. The group nas beefed up its face mask production capacty to six millon unts per month ftom tis month onwards, from 4.2 millon units back in May. (Source: The Edge) Top Glove Corp: Will be paying an estimated RM136 million over the next 10 months to compensate its migrant workers, as, part ofits effors to resolve the US Customs and Border Protection's import ban over forced labour claims. The remediation fee by the world’s largest rubber glove maker, which was higher than the previous estimated compensation of RMS3 milion announced in August, is said to be in accordance with recommendations (Source: The Edge) Tropicana Corp: Deputy chief executive officer Datuk Dickson Tan Yong Loong resigned. the son of Tan Si Danny Tan CChee Sing - the founder and major shareholder of Tropicana, has resigned from his post wit immediate effect. He has also resigned as a decor of the group, cing “heath related issue" asthe reason, (Source: The Edge) ECONOMY Wall Street ends down ‘pe after Trump calls off coronavirus economic relief talks. us stocks ended down more than * per cont yesterday after President Donald Trump said he was calling off negotiations with Democratic lawmakers on coronavirus relief legislation until after the election. Stocks wore higher before the remarks, but reversed course after Trump made the comments on Twitter, The SAP 500 fell to a session low shorly afer the tweet, taking the index down more than 2 per cent from its session high, Airing shares also tumbled, with United Anes encing down 3.6 per cent on the day, and the Cboe Volatility index climbed to @ session high. “Much of the rally we've seen in the last week in particular was based on hopes for an additional stimulus package,” said Robert Phipps, director at Per Stiting Capital Management in Austin, Texas. “There's now a whole lot less reason to put money ta work before the election.” Cases of the virus are stil on the rise across much of the country, and hopes that a stimulus deal was sill possible had helped stocks to recoup recent losses sparked by the news that Trump had contracted Covid-19. (Source: The Edge) MALAYSIA 7 October 2020 UOBKayHian TT Oa | rour trusted financial partner 7 October 2020 REGIONAL MORNING NOTES.. Top Glove: Creating Value Beyond Earnings (TOPG MKIBUYIRME.92/Target: RM12:30) Prospecs for Top Glove remain highly atractve, An increased dividend payou frequency woul allow for better ratonalisaton of isrbuted super-cyle eamings, wih a possibilty af @ special payout in 2HFY2'. Meanahil, plans to venture upstream would help Top Gove secure precious NBR supply over tne longer run. Inthe meantime the iting of the WRO by the US CBP remains uncertain. That sad, the impact to overall sales is negligible. Maintain BUY. Target price: RMT2.30 ‘+ For more reports, please log in to www.utrade.com my oF open an account now to gain access, ‘+ Explore our trading tools designed to assist you in your trading — ShareXplorer, ChartGenie, TechAnalyzer, Stock Alerts! ‘= Broaden your knowledge through our educational events, ‘= Contact us now at 03-2147 1900 to find out more about our ongoing promotions (get FREE" live feed on foreign markets). “T&C apply. UOBKayHian TT Oa | rour trusted financial partner Oey DisclosuresDisclaimers ‘This report is prepared by UOB Kay Hian Securities (M) Sdn. Bhd. (‘UOBKHM") whichis a licensed corporation providing investment advisory services in Malaysia, ‘This report is provided for information only and is not an offer ora solicitation to deal in securities or to enter into any legal relations, nor an avice of a recommendation wth respect to such secures, This report is prepared for general circulation. It does not have regard tothe speciic investment objectives, financial situation and the particular needs of any recipient hereof, Advice should be sought from @ financial adviser regarding the suitability ofthe investment product, taking info account the specific investment objectives, financial situation or particular needs of any person in receipt of the Fecommendation, before the person makes a commitment fo purchase the investment product. ‘This report is confidential. This report may not be published, ctculated, reproduced or distributed in whole or in part by any eecipient of {this report to any other person without the prior wrltten consent of UOBKHM. This report isnot directed to or intended for distribution to ‘or use by any person or any entity who is a citizen of resident of or located in any localy, state, counity or any other jurisdiction as UOBKHM may determine in is absolute discretion, where the distribution, publication, availabilty or use of this report would be contrary to applicable law or would subject UOBKHM and its associated persons (as defined in the Capital Market Services Act 2007) to any registration, licensing or other requirements within such jurisletion, ‘The information or views inthe report (‘Information’) has been obtained or derived from sources believed by UOBKHM to be reliable. However, UOBKHM makes no representation as to the accuracy or completeness of such sources or the Information and UOBKHM accepts no labilty whatsoever for any loss or damage arising trom the use of or reliance on the Information. UOBKHM and tis associate may have issued other reports expressing Views diferent from the Information and all views expressed in al reports of UOBKHM and its connected persons are subject to change without notice. UOBKHM reserves the right to act upon or use the Information at any ime, including before its publication herein Except as otherwise incicated below, (1) UOBKHM, its associated persons and its oficers, employees and representatives may, tothe extent permitted by law, transact with, perform or provide broking, underwriting, corporate fnance-related or other services for or solicit business from, the subject corporation(s) referred to in this report; (2) UOBKHM, its associated persons and its officers. employees and representatives may also, to the extent permitted by law, transact with, perform or provide broking or other services for or solicit business from, other persons in respect of dealings in the securties refered to in this report or other investments related thereto; (3) the officers, employees and representatives of UOBKHM may also serve on the board of directors or in trustee positions with the subject corporation(s) referred to in this report, (All of the foregoing is hereafter referred to as the “Subject Business"); and (4) UOBKHM may otherwise have an interes (including a proprietary interest In the subject corporatan(s) referred to in this repo’. {As ofthe date of this report, no analyst responsible for any of the content in his report has any proprietary postion or material interest in the securties ofthe corparation(s) which are referred to inthe content they respectively authar or are otherwise responsible for IMPORTANT DISCLOSURES FOR U.S. PERSONS ‘This research report is prepared by UOBKHM, a company authorized, as noted above, to engage in investment advisory in Malaysia. UOBKHM is nat a ragistered broker-dealer inthe United States and, theraforo, is nt subject fo U.S. rules ragarding the preparation of research reports and the independence of research analysts. This research report is provided for distribution by UOBKHM (whether directly or through its US registered broker doaler affiliate nameé below) to "major U.S. institutional invastors” in reliance on the ‘exemption from registration provided by Rule 15a-6 of the U.S. Secufties Exchange Act of 1934, as amended (the "Exchange Act’) All US persons that receive this dacument by way of distribution from or whica they regard as being from UOBKHM by their acceptance thereof represent and agree that they are a major insiutional investor and understand the risks involved in executing transactions in secures. ‘Any U.S. recipient of this research report wishing to effect any transaction to buy or sell securities or related financial instruments based on the information provided in this research report should do so only through UOB Kay ian (U.S.) Inc (‘UOBKHUS'), a registered broker-dealer in the United States, Under no circumstances should any recipient of this research report effect any {transaction to buy of sell securities or related financial instruments through UOBKHM. UOBKHUS accepts responsibly for the contents of this research report, subject to the terms set out below, to the extent that

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