Forwarded from CGS International Securities Malaysia
*Trading Stocks today:*
For *Trendspotter*, please click on this link: < https://tinyurl.com/4fnjaa6r > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Kossan Rubber Industries (7153)* (RM1.23): Technical Buy
Targets: RM1.38, RM1.41
Stop: RM1.10
*Keyfield International (5321)* (RM1.61): Technical Buy
Targets: RM1.68, RM1.78
Stop: RM1.48
*Fundamental Report(s):*
*Gamuda* - Inks largest RE project in Australia (Maintain Add with a TP of RM5.78) https://tinyurl.com/37kk29c6
*Autos* - Higher demand for EVs; maintain Neutral (Maintain Neutral on the sector) https://tinyurl.com/2c677hcc
*HSS Engineers* - 1Q26: A seasonally slower quarter (Maintain Add with a TP of RM0.81) https://tinyurl.com/3t63pj5a
*Economics Update* - E&E strength masks growing risks https://tinyurl.com/4d2bcyzu
*Genting Plantations* - Meets expectation, but not yet compelling (Maintain Reduce with a TP of RM4.60) https://tinyurl.com/4cuwjp9v
Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my
*21st May 2026*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
For *Trendspotter*, please click on this link: < https://tinyurl.com/4fnjaa6r > to view the report.
Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.
*Malaysia*:
*Kossan Rubber Industries (7153)* (RM1.23): Technical Buy
Targets: RM1.38, RM1.41
Stop: RM1.10
*Keyfield International (5321)* (RM1.61): Technical Buy
Targets: RM1.68, RM1.78
Stop: RM1.48
*Fundamental Report(s):*
*Gamuda* - Inks largest RE project in Australia (Maintain Add with a TP of RM5.78) https://tinyurl.com/37kk29c6
*Autos* - Higher demand for EVs; maintain Neutral (Maintain Neutral on the sector) https://tinyurl.com/2c677hcc
*HSS Engineers* - 1Q26: A seasonally slower quarter (Maintain Add with a TP of RM0.81) https://tinyurl.com/3t63pj5a
*Economics Update* - E&E strength masks growing risks https://tinyurl.com/4d2bcyzu
*Genting Plantations* - Meets expectation, but not yet compelling (Maintain Reduce with a TP of RM4.60) https://tinyurl.com/4cuwjp9v
Join CGS International Securities Malaysia's Official Telegram Channel https://t.me/cgsi_my
*21st May 2026*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
Forwarded from M+ On-The-Go
M+ Global Market Update – 21May26
Nvidia’s Blowout Q1 Results Beat Expectations
US: While the Dow has once again rebounded above the 50,000 mark—coupled with bond yields and crude oil prices pulling back—we believe that the market remains focused on the aftermath of Nvidia's blowout Q1 earnings. Nvidia recorded USD81.6bn in revenue and USD58.3bn in net income, exceeding Bloomberg forecasts of USD79.2bn and USD43.3bn, while boosting its quarterly dividend to USD0.25 and approving an additional USD80bn share buyback, with CEO Jensen Huang stating that 'Agentic AI has arrived' as global data centre buildouts hit record levels. As Nvidia’s guidance points to an accelerating CapEx cycle toward its upcoming Rubin architecture, this stands to benefit companies like Micron, Applied Materials, Vertiv Holdings, and Teradyne.
MY: Tracking the rebound on Wall Street, we anticipate the FBM KLCI to recover as well. Meanwhile, with signs of bottoming out in cocoa prices, GCB remains one of our technical picks given its share price continues to hold above the MA200. We also like the pullback toward the EMA20 shown by both ISF and CORAZA, with the former benefitting from DC infrastructure cooling projects, while the latter benefits from strong demand from AI-driven front-end WFE. Lastly, power solutions engineering company EIPOWER (M+ TP: RM 0.66) will make its ACE Market debut today.
Stocks to watch:
Technology: KGB, *NE*, *QES*, *VITROX*
Financial: *AEONCR*, AMBANK, *RCECAP*
Construction: *SUNCON*
Plantation: *WTK*
Consumer: *GCB*
Glove: HARTA
**Source: M+ Global**
Nvidia’s Blowout Q1 Results Beat Expectations
US: While the Dow has once again rebounded above the 50,000 mark—coupled with bond yields and crude oil prices pulling back—we believe that the market remains focused on the aftermath of Nvidia's blowout Q1 earnings. Nvidia recorded USD81.6bn in revenue and USD58.3bn in net income, exceeding Bloomberg forecasts of USD79.2bn and USD43.3bn, while boosting its quarterly dividend to USD0.25 and approving an additional USD80bn share buyback, with CEO Jensen Huang stating that 'Agentic AI has arrived' as global data centre buildouts hit record levels. As Nvidia’s guidance points to an accelerating CapEx cycle toward its upcoming Rubin architecture, this stands to benefit companies like Micron, Applied Materials, Vertiv Holdings, and Teradyne.
MY: Tracking the rebound on Wall Street, we anticipate the FBM KLCI to recover as well. Meanwhile, with signs of bottoming out in cocoa prices, GCB remains one of our technical picks given its share price continues to hold above the MA200. We also like the pullback toward the EMA20 shown by both ISF and CORAZA, with the former benefitting from DC infrastructure cooling projects, while the latter benefits from strong demand from AI-driven front-end WFE. Lastly, power solutions engineering company EIPOWER (M+ TP: RM 0.66) will make its ACE Market debut today.
Stocks to watch:
Technology: KGB, *NE*, *QES*, *VITROX*
Financial: *AEONCR*, AMBANK, *RCECAP*
Construction: *SUNCON*
Plantation: *WTK*
Consumer: *GCB*
Glove: HARTA
**Source: M+ Global**