*Trading Stocks today:*

For *Trendspotter*, please click on this link: < https://tinyurl.com/3z8pkcty > to view the report.

Or please logon to your account on http://www.cgsi.com.my/ and click on <Research> Tab.

*Malaysia*:
*Dufu Technology Corp (7233)* (RM1.78): Technical Buy
Targets: RM1.95, RM2.05
Stop: RM1.62

*Pentamaster Corporation (7160)* (RM4.38): Technical Buy
Targets: RM4.57, RM4.75
Stop: RM3.97

*Fundamental Report(s):*

*Muhibbah Engineering* - Decent start to FY26F (Maintain Add with a TP of RM0.81) https://tinyurl.com/3ttmsnm8

*Alliance Bank Malaysia Berhad* - Riding on robust non-interest income (Maintain Add with a lower TP of RM5.70) https://tinyurl.com/53ckjb8f

*Genting Malaysia* - The cost before the reward (Maintain Hold with a lower TP of RM2.12) https://tinyurl.com/42ef8w47

*Genting Bhd* - Limited catalysts for now (Maintain Hold with a lower TP of RM2.57) https://tinyurl.com/ynyzv9mr

*Bumi Armada* - Waiting for its first FPSO contract in years (Maintain Add with a lower TP of RM0.53) https://tinyurl.com/y3yk8rpy

*Farm Fresh Berhad* - Missed 4Q26 result but valuations point up (Upgrade to Add with a lower TP of RM2.47) https://tinyurl.com/ru9uwwvb


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*25th 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.

M+ Global Market Update – 25May26
Softer Trading as Wall St Closes For Public Holiday

US: Despite Wall Street closing higher, we think that the market might pause due to hawkish rate-hike warnings as Kevin Warsh takes the Fed helm, coupled with record-low consumer sentiment. Meanwhile, despite semiconductor and hardware heavyweights such as Dell Technologies and HP Inc spiking ahead of their upcoming earnings due to surging data centre power demand, we think that sell-on-the-news activities will occur post-earnings; traders are therefore encouraged to either trade short-term or wait for pullback accumulation opportunities. Lastly, Wall Street is closed today in observance of Memorial Day.

MY: Following the closure of the US stock market, we anticipate that the FBM KLCI will start the week with softer trading volume. Technically, traders could take positions in ECA following its pullback toward the EMA20, while fundamentally, it has experienced a positive turnaround in its past two quarters after two consecutive years of losses and is poised to benefit from the AI and semiconductor boom moving forward. Meanwhile, with power engineering solutions provider EIPOWER closing higher on its second day of listing, we expect it to continue its bullish momentum today, with our non-rated report fair value at RM 0.660. Lastly, for tech counters, traders could take partial profits and wait for pullback entries.

Stocks to watch:

Technology: *3REN*, FRONTKN, JFTECH, KGB, KOBAY, PENTA, *SCICOM*, *UWC*
Metals: MSC, PMETAL
Solar: *SLVEST*
Consumer: *GCB*
Construction: CHB

**Source: M+ Global**

UOBKH Retail Market Monitor
22 May 2026

FBMKLCI: 1,712.67 (+4.31)
Support: 1,700, 1,672
Resistance: 1,773, 1,800

Bursa Top Gainers:
PCHEM (+4.6%), 99SMART (+2.7%), PMETAL (+2.5%)

Bursa Top Losers:
PETDAG (-5.1%), PPB (-1.4%), AXIATA (-1.0%)

Bursa Trade Statistics
Local Institutions (44.87%): +RM50.65M
Local Retail (30.24%): +RM13.50M
Foreign (24.89%): -RM64.15M

Global Equity Indexes
MSCI Asia : 269.98 (+1.02, +0.38%)
NASDAQ : 26,343.97 (+50.87, +0.19%)
S&P500 : 7,473.47 (+27.75, +0.37%)
DJIA : 50,579.70 (+294.04, +0.58%)

USD/MYR : 3.9650 (+0.01)
SGD/MYR : 3.0985 (+0.0014)

Crude Oil (Brent) : $98.80 (-5.72)
Gold : $4,572.26 (+39.40)

US stocks were higher after the close on Friday, as gains in the consumer goods, healthcare and industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.58% to hit a new all-time high, while the S&P 500 Index climbed 0.37%, and the NASDAQ Composite Index climbed 0.19%.Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,576 to 1,151 and 101 ended unchanged; on the Nasdaq Stock Exchange, 1,855 rose and 1,529 declined, while 196 ended unchanged. (Sources: Investing.com)

Stocks To Watch:

1) ECOSHOP (KLSE: 5337)
Technical BUY on breakout (RM 1.31) with +13.7% potential return
* Last price: RM1.28
* Target price: RM1.43, RM1.49
* Support: RM1.23
* Stop-loss: RM1.22
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) ICENTS (KLSE: 0366)
Technical BUY with +17.4% potential return
* Last price: RM0.44
* Target price: RM0.505, RM0.545
* Support: RM0.38
* Stop-loss: RM0.375
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) LUXCHEM (KLSE: 5143)
Technical BUY with +25.0% potential return
* Last price: RM0.42
* Target price: RM0.495, RM0.525
* Support: RM0.375
* Stop-loss: RM0.37
* Timeframe: 2 weeks to 2 months
* Shariah: YES

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Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.

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SkyeChip

UWC