M+ Morning Market Buzz - 3Mar25
Dow Jones: 43,840.91 pts (+601.41pts, +1.39%)
⬆️ Resistance: 44800
⬇️ Support: 42300
FBM KLCI: 1,574.70 pts (-11.90pts, -0.75%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 22,941.32 pts (-776.97pts, -3.28%)
⬆️ Resistance: 24600
⬇️ Support: 22300
Crude Palm Oil: RM4,554 (+RM43, +0.95%)
⬆️ Resistance: 4730
⬇️ Support: 4390
Brent Oil: $72.81 (-$0.76, -1.03%)
⬆️ Resistance: 76.80
⬇️ Support: 71.00
Gold: $2,857.83 (-$19.69, -0.68%)
⬆️ Resistance: 3020
⬇️ Support: 2780
Source: Bloomberg, M+
Dow Jones: 43,840.91 pts (+601.41pts, +1.39%)
⬆️ Resistance: 44800
⬇️ Support: 42300
FBM KLCI: 1,574.70 pts (-11.90pts, -0.75%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 22,941.32 pts (-776.97pts, -3.28%)
⬆️ Resistance: 24600
⬇️ Support: 22300
Crude Palm Oil: RM4,554 (+RM43, +0.95%)
⬆️ Resistance: 4730
⬇️ Support: 4390
Brent Oil: $72.81 (-$0.76, -1.03%)
⬆️ Resistance: 76.80
⬇️ Support: 71.00
Gold: $2,857.83 (-$19.69, -0.68%)
⬆️ Resistance: 3020
⬇️ Support: 2780
Source: Bloomberg, M+
👍5
M+ Market Update – 03Mar25
Buying Interest Could Pick Up
The local bourse extended its losses as weaker earnings in consumer-related stocks dampened the market sentiment. Meanwhile, Wall Street managed to close positive as investors brushed off the geopolitical tensions following the Trump-Zelenskyy negotiations. On the economic front, inflation held steady, while consumer spending unexpectedly declined in January, making it more challenging for the Fed to decide on interest rate directions. Traders will be watching Powell’s speech, while also focusing on cryptocurrency after Donald Trump announced the inclusion of 5 digital assets in a new cryptocurrency US strategic reserve. In the commodities market, Brent crude declined below the USD73 level, while gold price also closed below the USD2,900 mark. Meanwhile, CPO prices saw an uptick toward RM4,554/tonne.
Sector Focus: Despite the recent strong sell downs, we believe that FBMKLCI will turn positive today, supported by EPF declaration of a 6.3% dividend rate, coupled with positive performance on Wall Street. The banking sector remains our top pick due to its recently reported stable earnings and attractive dividends. Meanwhile, we opine that RE will be a sustainable theme moving forward, as the government targets 31% RE capacity this year. Lastly, given the uptrend in the Bursa plantation sector, traders can look for trading opportunities in selected plantation stocks.
Stocks to watch:
Utility: *GASMSIA*, *PEKAT*
Financial: *OSK*, RHBBANK
Consumer: *LHI*
Healthcare: *IHH*
Property: ECOWLD
Plantation: HSPLANT
Technology: KGB
Source: M+
Buying Interest Could Pick Up
The local bourse extended its losses as weaker earnings in consumer-related stocks dampened the market sentiment. Meanwhile, Wall Street managed to close positive as investors brushed off the geopolitical tensions following the Trump-Zelenskyy negotiations. On the economic front, inflation held steady, while consumer spending unexpectedly declined in January, making it more challenging for the Fed to decide on interest rate directions. Traders will be watching Powell’s speech, while also focusing on cryptocurrency after Donald Trump announced the inclusion of 5 digital assets in a new cryptocurrency US strategic reserve. In the commodities market, Brent crude declined below the USD73 level, while gold price also closed below the USD2,900 mark. Meanwhile, CPO prices saw an uptick toward RM4,554/tonne.
Sector Focus: Despite the recent strong sell downs, we believe that FBMKLCI will turn positive today, supported by EPF declaration of a 6.3% dividend rate, coupled with positive performance on Wall Street. The banking sector remains our top pick due to its recently reported stable earnings and attractive dividends. Meanwhile, we opine that RE will be a sustainable theme moving forward, as the government targets 31% RE capacity this year. Lastly, given the uptrend in the Bursa plantation sector, traders can look for trading opportunities in selected plantation stocks.
Stocks to watch:
Utility: *GASMSIA*, *PEKAT*
Financial: *OSK*, RHBBANK
Consumer: *LHI*
Healthcare: *IHH*
Property: ECOWLD
Plantation: HSPLANT
Technology: KGB
Source: M+
👍4👏2
M+ Market Wrap - 3Mar25
FBM KLCI: 1,571.39 pts (-3.31pts, -0.21%)
The FBMKLCI (-0.21%) continued its bearish tone and closed lower at 1,571.39 pts, with losses in heavyweights like PMETAL (-13.0 sen) and NESTLE (-432.0 sen) dragging down the key index. Despite the country reporting a marginal improvement in PMI data for February (49.7), up from 48.7 in January, it remained in the contraction territory, below 50. Similarly, market breadth was negative, with 707 losers against 354 winners. In the broader market, the Healthcare (+1.26%) sector gained the most, buoyed by gains in KPJ (+27.0 sen) and KOSSAN (+4.0 sen), while the Construction (-2.12%) sector recorded the largest decline.
Top 3 Active stocks:
PGLOBAL (5331): RM0.575 (-10.5 sen)
MYEG (0138): RM0.935 (+6.0 sen)
CEB (5311): RM0.245 (-2.5 sen)
Volume: 3.18 bn (100-bar avg vol: 2.92 bn)
Value: RM2.44 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️354 ⬇️707
Crude palm oil: RM4,500 (-RM54)
Dow Futures: 43,835 pts (-54 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,571.39 pts (-3.31pts, -0.21%)
The FBMKLCI (-0.21%) continued its bearish tone and closed lower at 1,571.39 pts, with losses in heavyweights like PMETAL (-13.0 sen) and NESTLE (-432.0 sen) dragging down the key index. Despite the country reporting a marginal improvement in PMI data for February (49.7), up from 48.7 in January, it remained in the contraction territory, below 50. Similarly, market breadth was negative, with 707 losers against 354 winners. In the broader market, the Healthcare (+1.26%) sector gained the most, buoyed by gains in KPJ (+27.0 sen) and KOSSAN (+4.0 sen), while the Construction (-2.12%) sector recorded the largest decline.
Top 3 Active stocks:
PGLOBAL (5331): RM0.575 (-10.5 sen)
MYEG (0138): RM0.935 (+6.0 sen)
CEB (5311): RM0.245 (-2.5 sen)
Volume: 3.18 bn (100-bar avg vol: 2.92 bn)
Value: RM2.44 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️354 ⬇️707
Crude palm oil: RM4,500 (-RM54)
Dow Futures: 43,835 pts (-54 pts)
**Source: Bloomberg, M+**
👍5
M+ Morning Market Buzz - 4Mar25
Dow Jones: 43,191.24 pts (-649.67pts, -1.48%)
⬆️ Resistance: 45000
⬇️ Support: 42100
FBM KLCI: 1,571.39 pts (-3.31pts, -0.21%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,006.27 pts (+64.95pts, +0.28%)
⬆️ Resistance: 24600
⬇️ Support: 22300
Crude Palm Oil: RM4,484 (-RM16, -0.36%)
⬆️ Resistance: 4730
⬇️ Support: 4390
Brent Oil: $72.81 (-$1.27, -1.74%)
⬆️ Resistance: 76.80
⬇️ Support: 69.80
Gold: $2,892.73 (+$0.06, +0.00%)
⬆️ Resistance: 3020
⬇️ Support: 2780
Source: Bloomberg, M+
Dow Jones: 43,191.24 pts (-649.67pts, -1.48%)
⬆️ Resistance: 45000
⬇️ Support: 42100
FBM KLCI: 1,571.39 pts (-3.31pts, -0.21%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 23,006.27 pts (+64.95pts, +0.28%)
⬆️ Resistance: 24600
⬇️ Support: 22300
Crude Palm Oil: RM4,484 (-RM16, -0.36%)
⬆️ Resistance: 4730
⬇️ Support: 4390
Brent Oil: $72.81 (-$1.27, -1.74%)
⬆️ Resistance: 76.80
⬇️ Support: 69.80
Gold: $2,892.73 (+$0.06, +0.00%)
⬆️ Resistance: 3020
⬇️ Support: 2780
Source: Bloomberg, M+
👍2👏1
M+ Market Update – 04Mar25
Traders Could Seek Conservative Trades
The local bourse remained under extended selling pressure, dragged down by Industrial Products and Consumer heavyweights. Similarly, Wall Street ended lower after President Trump’s confirmation confirmed a 25%tariffs on imports from Canada and Mexico, with an additional 10% tariff on China. In the economic data, US ISM PMI data last month fell to 50.3, from 50.9 in January, with new orders plunging from 55.1 to 48.6, raising concerns over potential growth slowdown. Traders will continue to monitor (i) S&P Global Services PMI, (ii) the ECB interest rate decision, and (iii) China’s trade balance this week. In the commodities market, Brent crude remained below USD73/barrel, while gold prices traded flat around the USD2,900 level. Meanwhile, CPO prices fell below the RM4,500/tonne.
Sector Focus: Despite PGLOBAL (M+ fair value: RM0.92) settling lower than its IPO price, we remain optimistic due to its strong fundamentals, extensive global reach and decent market share. We believe the current sell down is due to generally weak market sentiment, and the share price may gradually trade towards its fair value over the long run. Meanwhile, given the ongoing market weakness, traders may look into Banking, Utilities, and REITs due to their stable earnings and consistent dividends. Also, we favour ITMAX and TIMECOM for its resilient business model.
Stocks to watch:
Technology: *ITMAX*, *TIMECOM*
Consumer: *LHI*, LWSABAH
Utility: *KJTS*, PEKAT
Healthcare: IHH, *KPJ*
Financial: KENANGA
Plantation: HSPLANT
Source: M+
Traders Could Seek Conservative Trades
The local bourse remained under extended selling pressure, dragged down by Industrial Products and Consumer heavyweights. Similarly, Wall Street ended lower after President Trump’s confirmation confirmed a 25%tariffs on imports from Canada and Mexico, with an additional 10% tariff on China. In the economic data, US ISM PMI data last month fell to 50.3, from 50.9 in January, with new orders plunging from 55.1 to 48.6, raising concerns over potential growth slowdown. Traders will continue to monitor (i) S&P Global Services PMI, (ii) the ECB interest rate decision, and (iii) China’s trade balance this week. In the commodities market, Brent crude remained below USD73/barrel, while gold prices traded flat around the USD2,900 level. Meanwhile, CPO prices fell below the RM4,500/tonne.
Sector Focus: Despite PGLOBAL (M+ fair value: RM0.92) settling lower than its IPO price, we remain optimistic due to its strong fundamentals, extensive global reach and decent market share. We believe the current sell down is due to generally weak market sentiment, and the share price may gradually trade towards its fair value over the long run. Meanwhile, given the ongoing market weakness, traders may look into Banking, Utilities, and REITs due to their stable earnings and consistent dividends. Also, we favour ITMAX and TIMECOM for its resilient business model.
Stocks to watch:
Technology: *ITMAX*, *TIMECOM*
Consumer: *LHI*, LWSABAH
Utility: *KJTS*, PEKAT
Healthcare: IHH, *KPJ*
Financial: KENANGA
Plantation: HSPLANT
Source: M+
👍4
Good Morning All,
We issued a technical buy call on Leong Hup International Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Improved profitability despite revenue dip
(ii) Short-term surge in chicken demand
(iii) Integrated poultry operator in Southeast Asia
Research Team, M+
4 Mar 2025
We issued a technical buy call on Leong Hup International Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Improved profitability despite revenue dip
(ii) Short-term surge in chicken demand
(iii) Integrated poultry operator in Southeast Asia
Research Team, M+
4 Mar 2025
Mplusonline
Your Trusted Guide to Global Trading | Malacca Securities
Trade in the MY, US & HK markets with real-time data, Shariah screening, 24-hour online customer sup...
👍2
M+ Market Wrap - 4Mar25
FBM KLCI: 1,555.66 pts (-15.73pts, -1.00%)
The FBMKLCI (-1.00%) gapped down and closed lower at 1,555.66 points, dragged down by losses in YTLPOWR (-15.0 sen) and YTL (-11.0 sen). Meanwhile, President Trump’s tariff plans caused most Asian markets to plunge. Market breadth was also negative, with 1,044 losers against 147 winners. In the broader market, all sectors ended in the red, with the Technology sector (-4.36%) declining the most, led by losses in Vitrox (-19.0 sen) and INARI (-9.0 sen).
Top 3 Active stocks:
NATGATE (0270): RM1.450 (-15.0 sen)
INGENIEU (5178): RM0.030 (-0.5 sen)
GENM (5311): RM1.810 (-9.0 sen)
Volume: 3.84 bn (100-bar avg vol: 2.94 bn)
Value: RM3.05 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️147 ⬇️1044
Crude palm oil: RM4,351 (-RM133)
Dow Futures: 43,274 pts (+27 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,555.66 pts (-15.73pts, -1.00%)
The FBMKLCI (-1.00%) gapped down and closed lower at 1,555.66 points, dragged down by losses in YTLPOWR (-15.0 sen) and YTL (-11.0 sen). Meanwhile, President Trump’s tariff plans caused most Asian markets to plunge. Market breadth was also negative, with 1,044 losers against 147 winners. In the broader market, all sectors ended in the red, with the Technology sector (-4.36%) declining the most, led by losses in Vitrox (-19.0 sen) and INARI (-9.0 sen).
Top 3 Active stocks:
NATGATE (0270): RM1.450 (-15.0 sen)
INGENIEU (5178): RM0.030 (-0.5 sen)
GENM (5311): RM1.810 (-9.0 sen)
Volume: 3.84 bn (100-bar avg vol: 2.94 bn)
Value: RM3.05 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️147 ⬇️1044
Crude palm oil: RM4,351 (-RM133)
Dow Futures: 43,274 pts (+27 pts)
**Source: Bloomberg, M+**
👍3😁2👏1
M+ Morning Market Buzz - 5Mar25
Dow Jones: 42,520.99 pts (-670.25pts, -1.55%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,555.66 pts (-15.73pts, -1.00%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 22,941.77 pts (-64.50pts, -0.28%)
⬆️ Resistance: 24600
⬇️ Support: 22100
Crude Palm Oil: RM4,349 (-RM11, -0.25%)
⬆️ Resistance: 4720
⬇️ Support: 4250
Brent Oil: $71.62 (-$0.47, -0.66%)
⬆️ Resistance: 75.80
⬇️ Support: 68.40
Gold: $2,917.89 (-$0.04, -0.00%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
Dow Jones: 42,520.99 pts (-670.25pts, -1.55%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,555.66 pts (-15.73pts, -1.00%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 22,941.77 pts (-64.50pts, -0.28%)
⬆️ Resistance: 24600
⬇️ Support: 22100
Crude Palm Oil: RM4,349 (-RM11, -0.25%)
⬆️ Resistance: 4720
⬇️ Support: 4250
Brent Oil: $71.62 (-$0.47, -0.66%)
⬆️ Resistance: 75.80
⬇️ Support: 68.40
Gold: $2,917.89 (-$0.04, -0.00%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
👍2👏1
M+ Market Update – 05Mar25
Seeking Safe Haven Assets
Selling pressure in the local bourse persisted, dragged down by YTL-related counters. Foreign institutional outflows continued for the 19th consecutive week. In the US, all three indices gapped down after President Trump’s implementation of tariffs on imports from Canada, Mexico, and China. These nations have announced retaliatory measures, escalating concerns about a global trade war. President Trump is also set to deliver his first Congress address later today, with significant attention focused on potential insights regarding Ukraine. In the commodities market, Brent crude fell below USD72/barrel, while gold prices remained flat around the USD2,900 range. Meanwhile, CPO prices dropped below RM4,400/tonne.
Sector Focus: Given the continuous strong selloffs in the market, the sentiment is expected to shift towards a risk-off mode, with investors likely seeking refuge in defensive sectors and safe-haven assets. Hence, we reiterate our stance on defensive sectors, including Banking, Utilities, and REITs, as they have recently reported stable earnings and offer consistent dividends. Meanwhile, we also favour KPJ, ITMAX and TIMECOM for their resilient business models and healthy chart setups, bucking the trend of the sluggish broader market performance.
Stocks to watch:
Technology: *ITMAX*, MCLEAN, *TIMECOM*
Utility: *GASMSIA*, KJTS, PEKAT
Financial: *OSK*
REITs: IGBREIT
Healthcare: *KPJ*
Source: M+
Seeking Safe Haven Assets
Selling pressure in the local bourse persisted, dragged down by YTL-related counters. Foreign institutional outflows continued for the 19th consecutive week. In the US, all three indices gapped down after President Trump’s implementation of tariffs on imports from Canada, Mexico, and China. These nations have announced retaliatory measures, escalating concerns about a global trade war. President Trump is also set to deliver his first Congress address later today, with significant attention focused on potential insights regarding Ukraine. In the commodities market, Brent crude fell below USD72/barrel, while gold prices remained flat around the USD2,900 range. Meanwhile, CPO prices dropped below RM4,400/tonne.
Sector Focus: Given the continuous strong selloffs in the market, the sentiment is expected to shift towards a risk-off mode, with investors likely seeking refuge in defensive sectors and safe-haven assets. Hence, we reiterate our stance on defensive sectors, including Banking, Utilities, and REITs, as they have recently reported stable earnings and offer consistent dividends. Meanwhile, we also favour KPJ, ITMAX and TIMECOM for their resilient business models and healthy chart setups, bucking the trend of the sluggish broader market performance.
Stocks to watch:
Technology: *ITMAX*, MCLEAN, *TIMECOM*
Utility: *GASMSIA*, KJTS, PEKAT
Financial: *OSK*
REITs: IGBREIT
Healthcare: *KPJ*
Source: M+
👍6
Good Morning All,
Here’s our IPO note on Wawasan Dengkil Berhad: https://mplusonline.com/research-report/detail/719
We assign a fair value of RM0.37 per share for DENGKIL, representing a 48.0%
upside from the IPO price of RM0.25. This valuation is based on a P/E ratio of 14x,
pegged to the FY26f EPS of 2.67 sen. While this P/E is lower than the forward and
historical P/E range of 16.0x to 21.3x for its closest peers, the discount reflects
DENGKIL’s smaller market capitalization.
Investment highlights include:
1. A thriving provider of earthworks and civil engineering solutions.
2. Optimized OpEx, ensuring stable margins.
3. Future phases of existing projects are likely secured.
4. Supportive government initiatives sustain industry growth.
5. A strong order book ensures earnings visibility.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
5 March 25
Here’s our IPO note on Wawasan Dengkil Berhad: https://mplusonline.com/research-report/detail/719
We assign a fair value of RM0.37 per share for DENGKIL, representing a 48.0%
upside from the IPO price of RM0.25. This valuation is based on a P/E ratio of 14x,
pegged to the FY26f EPS of 2.67 sen. While this P/E is lower than the forward and
historical P/E range of 16.0x to 21.3x for its closest peers, the discount reflects
DENGKIL’s smaller market capitalization.
Investment highlights include:
1. A thriving provider of earthworks and civil engineering solutions.
2. Optimized OpEx, ensuring stable margins.
3. Future phases of existing projects are likely secured.
4. Supportive government initiatives sustain industry growth.
5. A strong order book ensures earnings visibility.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
5 March 25
Mplusonline
Your Trusted Guide to Global Trading | Malacca Securities
Trade in the MY, US & HK markets with real-time data, Shariah screening, 24-hour online customer sup...
👍8
Good Afternoon All,
Here’s our IPO note on Lim Seong Hai Capital: https://mplusonline.com/research-report/detail/720
We assign a fair value of RM1.60 per share for LSH, representing an 81.8% upside
from the IPO price of RM0.88. This valuation is based on P/E ratio of 16x, pegged to
the mid-FY26F EPS of 10.0 sen. We believe the valuation is fair as compared to its
peers’ forward and historical P/E peers of 15.5-20.7x. However, we do not rule out
the possibilities that an upward rerating catalyst for LSH given its (i) strong order
book coverage, (ii) solid net profit margins, and (iii) new business segment expected
to drive additional revenue growth.
Investment highlights include:
1. Healthy job pipeline amid its strategic BEST Collaboration framework.
2. Venturing into facility management, complementing its property development segment.
3. Strong order book coverage of 4.2x to provide earnings visibility.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
5 March 25
Here’s our IPO note on Lim Seong Hai Capital: https://mplusonline.com/research-report/detail/720
We assign a fair value of RM1.60 per share for LSH, representing an 81.8% upside
from the IPO price of RM0.88. This valuation is based on P/E ratio of 16x, pegged to
the mid-FY26F EPS of 10.0 sen. We believe the valuation is fair as compared to its
peers’ forward and historical P/E peers of 15.5-20.7x. However, we do not rule out
the possibilities that an upward rerating catalyst for LSH given its (i) strong order
book coverage, (ii) solid net profit margins, and (iii) new business segment expected
to drive additional revenue growth.
Investment highlights include:
1. Healthy job pipeline amid its strategic BEST Collaboration framework.
2. Venturing into facility management, complementing its property development segment.
3. Strong order book coverage of 4.2x to provide earnings visibility.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
5 March 25
Mplusonline
Your Trusted Guide to Global Trading | Malacca Securities
Trade in the MY, US & HK markets with real-time data, Shariah screening, 24-hour online customer sup...
👍4
M+ Market Wrap - 5Mar25
FBM KLCI: 1,564.42 pts (+8.76pts, +0.56%)
The FBMKLCI (+0.56%) rebounded after experiencing four consecutive days of selling, closing higher at 1564.42 pts as gains in PBBANK (+10.0 sen) and TENAGA (+22.0 sen) lifted the key index. Most of the Asia-Pacific markets also edged in the positive territory. Market breadth was positive, with 663 winners against 372 losers. In the broader market, 11 out of 13 sectors closed in the positive territory, with the Construction (+2.61%) sector outperforming the rest while Energy (-1.00%) sector declining the most.
Top 3 Active stocks:
NEXG (5216): RM0.260 (+0.5 sen)
G3 (7184): RM0.010 (-0.5 sen)
MYEG (0138): RM0.910 (+1.0 sen)
Volume: 3.15 bn (100-bar avg vol: 2.93 bn)
Value: RM2.74 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️663 ⬇️372
Crude palm oil: RM4,405 (+RM56)
Dow Futures: 42,790 pts (+196 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,564.42 pts (+8.76pts, +0.56%)
The FBMKLCI (+0.56%) rebounded after experiencing four consecutive days of selling, closing higher at 1564.42 pts as gains in PBBANK (+10.0 sen) and TENAGA (+22.0 sen) lifted the key index. Most of the Asia-Pacific markets also edged in the positive territory. Market breadth was positive, with 663 winners against 372 losers. In the broader market, 11 out of 13 sectors closed in the positive territory, with the Construction (+2.61%) sector outperforming the rest while Energy (-1.00%) sector declining the most.
Top 3 Active stocks:
NEXG (5216): RM0.260 (+0.5 sen)
G3 (7184): RM0.010 (-0.5 sen)
MYEG (0138): RM0.910 (+1.0 sen)
Volume: 3.15 bn (100-bar avg vol: 2.93 bn)
Value: RM2.74 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️663 ⬇️372
Crude palm oil: RM4,405 (+RM56)
Dow Futures: 42,790 pts (+196 pts)
**Source: Bloomberg, M+**
👍5🥰2😁1
M+ Morning Market Buzz - 6Mar25
Dow Jones: 43,006.59 pts (+485.60pts, +1.14%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,564.42 pts (+8.76pts, +0.56%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 23,594.21 pts (+652.44pts, +2.84%)
⬆️ Resistance: 24600
⬇️ Support: 22100
Crude Palm Oil: RM4,417 (-RM34, -0.77%)
⬆️ Resistance: 4700
⬇️ Support: 4250
Brent Oil: $69.30 (-$1.74, -2.45%)
⬆️ Resistance: 75.80
⬇️ Support: 67.00
Gold: $2,919.39 (+$2.51, +0.09%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
Dow Jones: 43,006.59 pts (+485.60pts, +1.14%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,564.42 pts (+8.76pts, +0.56%)
⬆️ Resistance: 1630
⬇️ Support: 1530
HSI Index: 23,594.21 pts (+652.44pts, +2.84%)
⬆️ Resistance: 24600
⬇️ Support: 22100
Crude Palm Oil: RM4,417 (-RM34, -0.77%)
⬆️ Resistance: 4700
⬇️ Support: 4250
Brent Oil: $69.30 (-$1.74, -2.45%)
⬆️ Resistance: 75.80
⬇️ Support: 67.00
Gold: $2,919.39 (+$2.51, +0.09%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
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M+ Market Update – 06Mar25
Heading For A Rebound
The local bourse reversed its losses, buoyed by gains in Banking and Utilities heavyweights. In the US, all three indices rebounded after President Trump granted a one-month delay for US automakers that comply with the United States-Mexico-Canada Agreement (USMCA), easing trade war fears. Also, following a slower pace increase in US private payrolls, investors will closely monitor (i) initial jobless claims and (ii) ECB interest rate decision later today. In the commodities market, Brent crude retreated further to USD69/barrel, while gold prices remained flat around the USD2,900 range. Meanwhile, CPO prices traded above the RM4,400 mark.
Sector Focus: Malaysia signed a USD250m partnership deal with Arm Holdings to drive its 'second semiconductor wave,' transitioning from chip assembly and testing to local chip design capabilities. This may create trading opportunities within the Technology sector, particularly semiconductor counters. Also, we remain positive on ITMAX and TIMECOM for their resilient business model and steady earnings growth. Meanwhile, investors may look for bargain-hunting opportunities in the Construction sector, which is poised for growth by data center investments and large-scale public infrastructure projects, ensuring solid earnings visibility over the next few years. Notably, most of the stocks are currently oversold.
Stocks to watch:
Logistics: *AGX*, WPRTS
Consumer: *FFB*
Plantation: *INNO*
Technology: *ITMAX*
Financial: *PBBANK*
Construction: SUNCON
REITs: IGBREIT
Source: M+
Heading For A Rebound
The local bourse reversed its losses, buoyed by gains in Banking and Utilities heavyweights. In the US, all three indices rebounded after President Trump granted a one-month delay for US automakers that comply with the United States-Mexico-Canada Agreement (USMCA), easing trade war fears. Also, following a slower pace increase in US private payrolls, investors will closely monitor (i) initial jobless claims and (ii) ECB interest rate decision later today. In the commodities market, Brent crude retreated further to USD69/barrel, while gold prices remained flat around the USD2,900 range. Meanwhile, CPO prices traded above the RM4,400 mark.
Sector Focus: Malaysia signed a USD250m partnership deal with Arm Holdings to drive its 'second semiconductor wave,' transitioning from chip assembly and testing to local chip design capabilities. This may create trading opportunities within the Technology sector, particularly semiconductor counters. Also, we remain positive on ITMAX and TIMECOM for their resilient business model and steady earnings growth. Meanwhile, investors may look for bargain-hunting opportunities in the Construction sector, which is poised for growth by data center investments and large-scale public infrastructure projects, ensuring solid earnings visibility over the next few years. Notably, most of the stocks are currently oversold.
Stocks to watch:
Logistics: *AGX*, WPRTS
Consumer: *FFB*
Plantation: *INNO*
Technology: *ITMAX*
Financial: *PBBANK*
Construction: SUNCON
REITs: IGBREIT
Source: M+
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M+ Market Wrap - 6Mar25
FBM KLCI: 1,558.91 pts (-5.51pts, -0.35%)
The FBMKLCI (-0.35%) snapped its one-day gain, closing lower at 1,558.91 pts, as losses in banking heavyweights like CIMB (-30.0 sen) and HLBANK (-40.0 sen) dragged the key index lower. Meanwhile, BNM announced that it is maintaining the OPR at 3%, citing manageable inflation despite tariff and geopolitical uncertainties. The market breadth was positive, with 584 winners against 394 losers. In the broader market, the Technology (+1.50%) sector outperformed the rest following Arm Holdings’ investment in Malaysia, with gains in MYEG (+6.0 sen) and INARI (+6.0 sen) leading the sector higher. Meanwhile, the Financial Services (-1.19%) sector recorded the largest decline following BNM’s OPR announcement.
Top 3 Active stocks:
MYEG (0138): RM0.970 (+6.0 sen)
G3 (7184): RM0.010 (unch)
NEXG (5216): RM0.265 (+0.5 sen)
Volume: 2.98 bn (100-bar avg vol: 2.93 bn)
Value: RM2.67 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️584 ⬇️394
Crude palm oil: RM4,482 (+RM65)
Dow Futures: 42,802 pts (-264 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,558.91 pts (-5.51pts, -0.35%)
The FBMKLCI (-0.35%) snapped its one-day gain, closing lower at 1,558.91 pts, as losses in banking heavyweights like CIMB (-30.0 sen) and HLBANK (-40.0 sen) dragged the key index lower. Meanwhile, BNM announced that it is maintaining the OPR at 3%, citing manageable inflation despite tariff and geopolitical uncertainties. The market breadth was positive, with 584 winners against 394 losers. In the broader market, the Technology (+1.50%) sector outperformed the rest following Arm Holdings’ investment in Malaysia, with gains in MYEG (+6.0 sen) and INARI (+6.0 sen) leading the sector higher. Meanwhile, the Financial Services (-1.19%) sector recorded the largest decline following BNM’s OPR announcement.
Top 3 Active stocks:
MYEG (0138): RM0.970 (+6.0 sen)
G3 (7184): RM0.010 (unch)
NEXG (5216): RM0.265 (+0.5 sen)
Volume: 2.98 bn (100-bar avg vol: 2.93 bn)
Value: RM2.67 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️584 ⬇️394
Crude palm oil: RM4,482 (+RM65)
Dow Futures: 42,802 pts (-264 pts)
**Source: Bloomberg, M+**
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M+ Morning Market Buzz - 7Mar25
Dow Jones: 42,579.08 pts (-427.51pts, -0.99%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,558.91 pts (-5.51pts, -0.35%)
⬆️ Resistance: 1620
⬇️ Support: 1530
HSI Index: 24,369.71 pts (+775.50pts, +3.29%)
⬆️ Resistance: 24900
⬇️ Support: 22100
Crude Palm Oil: RM4,480 (+RM15, +0.33%)
⬆️ Resistance: 4660
⬇️ Support: 4250
Brent Oil: $69.30 (+$0.18, +0.26%)
⬆️ Resistance: 75.40
⬇️ Support: 67.00
Gold: $2,911.80 (-$0.15, -0.01%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
Dow Jones: 42,579.08 pts (-427.51pts, -0.99%)
⬆️ Resistance: 45000
⬇️ Support: 41600
FBM KLCI: 1,558.91 pts (-5.51pts, -0.35%)
⬆️ Resistance: 1620
⬇️ Support: 1530
HSI Index: 24,369.71 pts (+775.50pts, +3.29%)
⬆️ Resistance: 24900
⬇️ Support: 22100
Crude Palm Oil: RM4,480 (+RM15, +0.33%)
⬆️ Resistance: 4660
⬇️ Support: 4250
Brent Oil: $69.30 (+$0.18, +0.26%)
⬆️ Resistance: 75.40
⬇️ Support: 67.00
Gold: $2,911.80 (-$0.15, -0.01%)
⬆️ Resistance: 2990
⬇️ Support: 2780
Source: Bloomberg, M+
👍2
M+ Market Update – 07Mar25
Market Falls Amid Tariff Uncertainty
The local bourse snapped its one-day gain, as losses in Banking heavyweights dragged the key index lower. Similarly, Wall Street turned negative again after volatile swings driven by tariffs on Mexico and Canada. President Trump announced a one-month delay on 25% duties for Mexican goods that comply USMCA, while Canada expected a similar exemption, prompting investors to stay sidelined until trade policies become clearer. Investors will also look at the (i) nonfarm payrolls and (ii) unemployment rate later today. In the commodities market, Brent crude continued to trade within the USD69 range, while gold prices also remained flat around the USD2,900 range. Meanwhile, CPO prices edged up nearer towards RM4,450/tonne.
Sector Focus: Despite the sell-offs in banking stocks yesterday, we view this as a potential buying opportunity. Since the OPR remains unchanged, banks’ net interest margins are expected to stay stable, supporting steady earnings. Also, banking stocks offer consistent dividend payouts, making them attractive for long-term investments. Meanwhile, we opine that the USD250m partnership with Arm Holdings to drive Malaysia’s 'second semiconductor wave' will benefit the entire semiconductor value chain. Lastly, we remain bullish on ITMAX and TIMECOM for their resilient business models and steady earnings growth.
Stocks to watch:
Technology: *ITMAX*, MCLEAN
Telco: TIMECOM, *TM*
Consumer: *QL*
Plantation: *HSPLANT*
Utility: *KJTS*
Healthcare: KPJ
Construction: SUNCON
REITs: IGBREIT
Source: M+
Market Falls Amid Tariff Uncertainty
The local bourse snapped its one-day gain, as losses in Banking heavyweights dragged the key index lower. Similarly, Wall Street turned negative again after volatile swings driven by tariffs on Mexico and Canada. President Trump announced a one-month delay on 25% duties for Mexican goods that comply USMCA, while Canada expected a similar exemption, prompting investors to stay sidelined until trade policies become clearer. Investors will also look at the (i) nonfarm payrolls and (ii) unemployment rate later today. In the commodities market, Brent crude continued to trade within the USD69 range, while gold prices also remained flat around the USD2,900 range. Meanwhile, CPO prices edged up nearer towards RM4,450/tonne.
Sector Focus: Despite the sell-offs in banking stocks yesterday, we view this as a potential buying opportunity. Since the OPR remains unchanged, banks’ net interest margins are expected to stay stable, supporting steady earnings. Also, banking stocks offer consistent dividend payouts, making them attractive for long-term investments. Meanwhile, we opine that the USD250m partnership with Arm Holdings to drive Malaysia’s 'second semiconductor wave' will benefit the entire semiconductor value chain. Lastly, we remain bullish on ITMAX and TIMECOM for their resilient business models and steady earnings growth.
Stocks to watch:
Technology: *ITMAX*, MCLEAN
Telco: TIMECOM, *TM*
Consumer: *QL*
Plantation: *HSPLANT*
Utility: *KJTS*
Healthcare: KPJ
Construction: SUNCON
REITs: IGBREIT
Source: M+
👍5
M+ Market Wrap - 7Mar25
FBM KLCI: 1,545.10 pts (-11.64pts, -0.89%)
Mirroring the sluggish overnight performance in the US, the FBMKLCI (-0.75%) extended its selling pressure, closing lower at 1547.27 pts as losses in MAXIS (-13.0 sen) and IHH (-10.0 sen) dragged the key index lower. Most Asia-Pacific markets also ended in the negative territory amid confusion over Trump’s tariff policy. Market breadth was negative, with 565 losers against 332 winners. In the broader market, REIT (+0.64%) was the only sector that advanced, while the Technology (-2.05%) sector saw the largest decline.
Top 3 Active stocks:
MYEG (0138): RM0.900 (-7.0 sen)
NEXG (5216): RM0.270 (+0.5 sen)
OPPSTAR (0275): RM0.535 (+6.0 sen)
Volume: 2.45 bn (100-bar avg vol: 2.93 bn)
Value: RM2.43 bn (100-bar avg val: RM2.58 bn)
Market Breadth: ⬆️332 ⬇️565
Crude palm oil: RM4,624 (+RM128)
Dow Futures: 42,664 pts (+48 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,545.10 pts (-11.64pts, -0.89%)
Mirroring the sluggish overnight performance in the US, the FBMKLCI (-0.75%) extended its selling pressure, closing lower at 1547.27 pts as losses in MAXIS (-13.0 sen) and IHH (-10.0 sen) dragged the key index lower. Most Asia-Pacific markets also ended in the negative territory amid confusion over Trump’s tariff policy. Market breadth was negative, with 565 losers against 332 winners. In the broader market, REIT (+0.64%) was the only sector that advanced, while the Technology (-2.05%) sector saw the largest decline.
Top 3 Active stocks:
MYEG (0138): RM0.900 (-7.0 sen)
NEXG (5216): RM0.270 (+0.5 sen)
OPPSTAR (0275): RM0.535 (+6.0 sen)
Volume: 2.45 bn (100-bar avg vol: 2.93 bn)
Value: RM2.43 bn (100-bar avg val: RM2.58 bn)
Market Breadth: ⬆️332 ⬇️565
Crude palm oil: RM4,624 (+RM128)
Dow Futures: 42,664 pts (+48 pts)
**Source: Bloomberg, M+**
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M+ Market Update – 10Mar25
Bargain Hunting Activities Could Emerge
The local bourse ended the week in the red, as Telco & Media heavyweights dragged sentiment. While job growth showed signs of fatigue, Wall Street traded positively after Jerome Powell's speech on a robust economic outlook, despite concerns that President Trump’s new trade policies could prove inflationary. This week, traders will keep an eye on: (i) U.S. JOLTS Job Openings, (ii) U.S. Inflation Data, (iii) U.S. Producer Price Index, (iv) U.S. Unemployment Claims, (v) Prelim UoM Consumer Sentiment, and (vi) Prelim UoM Inflation Expectations. On the commodities market, Brent Crude eased its downward pressure toward USD69 per barrel amid Ukraine-Russia peace talks and new U.S. trade policies. Gold traded within a tight range at USD2,911 an ounce, while CPO prices moved toward RM4,625, breaking above the SMA-20.
Sector Focus: Bargain hunting is expected to emerge in the Banking stocks after the recent sell-offs; supported by stable loan growth and attractive dividend, while REITs could gain traction due to a steady recovery in footfall. Meanwhile, we opine that the delay of the 30% tariff hike in port tariffs, could provide some upside for local logistics players, particularly those involved in container handling and storage. Lastly, we see trading opportunities in plantation stocks following the recent surge in CPO prices.
Stocks to watch:
Technology: ITMAX, *MCLEAN*
Financial: *OSK*
Property: *SUNWAY*
Telco: *TM*
Construction: *SUNCON*
REITs: IGBREIT
Source: M+
Bargain Hunting Activities Could Emerge
The local bourse ended the week in the red, as Telco & Media heavyweights dragged sentiment. While job growth showed signs of fatigue, Wall Street traded positively after Jerome Powell's speech on a robust economic outlook, despite concerns that President Trump’s new trade policies could prove inflationary. This week, traders will keep an eye on: (i) U.S. JOLTS Job Openings, (ii) U.S. Inflation Data, (iii) U.S. Producer Price Index, (iv) U.S. Unemployment Claims, (v) Prelim UoM Consumer Sentiment, and (vi) Prelim UoM Inflation Expectations. On the commodities market, Brent Crude eased its downward pressure toward USD69 per barrel amid Ukraine-Russia peace talks and new U.S. trade policies. Gold traded within a tight range at USD2,911 an ounce, while CPO prices moved toward RM4,625, breaking above the SMA-20.
Sector Focus: Bargain hunting is expected to emerge in the Banking stocks after the recent sell-offs; supported by stable loan growth and attractive dividend, while REITs could gain traction due to a steady recovery in footfall. Meanwhile, we opine that the delay of the 30% tariff hike in port tariffs, could provide some upside for local logistics players, particularly those involved in container handling and storage. Lastly, we see trading opportunities in plantation stocks following the recent surge in CPO prices.
Stocks to watch:
Technology: ITMAX, *MCLEAN*
Financial: *OSK*
Property: *SUNWAY*
Telco: *TM*
Construction: *SUNCON*
REITs: IGBREIT
Source: M+
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M+ Morning Market Buzz - 10Mar25
Dow Jones: 42,801.72 pts (+222.64pts, +0.52%)
⬆️ Resistance: 45000
⬇️ Support: 41400
FBM KLCI: 1,547.27 pts (-11.64pts, -0.75%)
⬆️ Resistance: 1620
⬇️ Support: 1520
HSI Index: 24,231.30 pts (-138.41pts, -0.57%)
⬆️ Resistance: 25200
⬇️ Support: 22100
Crude Palm Oil: RM4,625 (+RM145, +3.24%)
⬆️ Resistance: 4740
⬇️ Support: 4250
Brent Oil: $70.36 (-$0.47, -0.67%)
⬆️ Resistance: 75.20
⬇️ Support: 67.00
Gold: $2,909.10 (+$8.66, +0.30%)
⬆️ Resistance: 2990
⬇️ Support: 2800
Source: Bloomberg, M+
Dow Jones: 42,801.72 pts (+222.64pts, +0.52%)
⬆️ Resistance: 45000
⬇️ Support: 41400
FBM KLCI: 1,547.27 pts (-11.64pts, -0.75%)
⬆️ Resistance: 1620
⬇️ Support: 1520
HSI Index: 24,231.30 pts (-138.41pts, -0.57%)
⬆️ Resistance: 25200
⬇️ Support: 22100
Crude Palm Oil: RM4,625 (+RM145, +3.24%)
⬆️ Resistance: 4740
⬇️ Support: 4250
Brent Oil: $70.36 (-$0.47, -0.67%)
⬆️ Resistance: 75.20
⬇️ Support: 67.00
Gold: $2,909.10 (+$8.66, +0.30%)
⬆️ Resistance: 2990
⬇️ Support: 2800
Source: Bloomberg, M+
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