Earnings growth for 4Q2024 is expected to be strong, with a forecasted 16.9% improvement for CY2024.
The recent lackluster performance may present bargain-hunting opportunities, with the FBM KLCI likely to trade within the 1,580-1,590 range today.
Investment Idea: TECHSTORE
TECHSTORE (0343): BUY with a fair value of RM0.35, based on a 15x PER on FY26F EPS, supported by strong revenue growth (46.5% CAGR from FY21 to FY23).
Technical Views
PMETAL (8869): Resistance at RM5.18 (R1) and RM5.46 (R2), with support at RM4.95 (S1) and RM4.81 (S2).
ANTA Sports (HK.2020): BUY with a 27.5% potential upside. Resistance at HKD88.00 (R1) and HKD90.00 (R2), support at HKD83.40 (S1) and HKD81.80 (S2).
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