Good Morning All,
We issued a technical buy call on Aumas Resources Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Record high quarterly revenue
(ii) Gold prices at an all-time-high to drive earnings upside
(iii) Processing plant expansion to boost output
Research Team, M+
19 Mar 2025
We issued a technical buy call on Aumas Resources Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Record high quarterly revenue
(ii) Gold prices at an all-time-high to drive earnings upside
(iii) Processing plant expansion to boost output
Research Team, M+
19 Mar 2025
👍5
Good Evening All,
Here’s our IPO note on Sumisaujana Group Berhad: https://mplusonline.com/research-report/detail/734
We ascribe a fair value of RM0.30 for SUMI. Our valuation is derived by pegging a forward P/E of 14.0x to the mid-FY26f EPS of 2.16 cents, implying a 25.0% upside to its IPO price of RM0.24. While the pegged P/E represents a c.20% discount to the Industrial Products & Services Index average P/E of 18.0x, we believe this fairly reflects the Company’s smaller market capitalization.
Investment highlights include:
(i) A key proxy to large O&G players (Petronas, Baker Hughes, etc.),
(ii) A new business segment, and
(iii) Capacity expansion to cater to its growth trajectory.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
19 March 2025
Here’s our IPO note on Sumisaujana Group Berhad: https://mplusonline.com/research-report/detail/734
We ascribe a fair value of RM0.30 for SUMI. Our valuation is derived by pegging a forward P/E of 14.0x to the mid-FY26f EPS of 2.16 cents, implying a 25.0% upside to its IPO price of RM0.24. While the pegged P/E represents a c.20% discount to the Industrial Products & Services Index average P/E of 18.0x, we believe this fairly reflects the Company’s smaller market capitalization.
Investment highlights include:
(i) A key proxy to large O&G players (Petronas, Baker Hughes, etc.),
(ii) A new business segment, and
(iii) Capacity expansion to cater to its growth trajectory.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
19 March 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...
👍4
M+ Market Wrap - 19Mar25
FBM KLCI: 1,517.66 pts (-10.15pts, -0.66%)
Following overnight losses in Wall Street and mixed sentiment in the regional markets, the FBMKLCI (-0.66%) snapped its 3day gains and closed lower at 1,517.66 pts, with profit-taking activities seen across banking heavyweights, including CIMB (-32.0 sen) and MAYBANK (-6.0 sen). Market breadth was also negative, with 455 losers against 433 winners. In the broader market, the Energy (+0.68%) sector remained the best performer, while the Construction (-2.21%) sector recorded the largest decline.
Top 3 Active stocks:
SAPNRG (5218): RM0.045 (unch)
PERTAMA (8532): RM0.170 (+6.0 sen)
IJM (3336): RM1.930 (-19.0 sen)
Volume: 2.92 bn (100-bar avg vol: 2.97 bn)
Value: RM2.73 bn (100-bar avg val: RM2.59 bn)
Market Breadth: ⬆️433⬇️455
Crude palm oil: RM4,353 (-RM13)
Dow Futures: 41,956 pts (+18 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,517.66 pts (-10.15pts, -0.66%)
Following overnight losses in Wall Street and mixed sentiment in the regional markets, the FBMKLCI (-0.66%) snapped its 3day gains and closed lower at 1,517.66 pts, with profit-taking activities seen across banking heavyweights, including CIMB (-32.0 sen) and MAYBANK (-6.0 sen). Market breadth was also negative, with 455 losers against 433 winners. In the broader market, the Energy (+0.68%) sector remained the best performer, while the Construction (-2.21%) sector recorded the largest decline.
Top 3 Active stocks:
SAPNRG (5218): RM0.045 (unch)
PERTAMA (8532): RM0.170 (+6.0 sen)
IJM (3336): RM1.930 (-19.0 sen)
Volume: 2.92 bn (100-bar avg vol: 2.97 bn)
Value: RM2.73 bn (100-bar avg val: RM2.59 bn)
Market Breadth: ⬆️433⬇️455
Crude palm oil: RM4,353 (-RM13)
Dow Futures: 41,956 pts (+18 pts)
**Source: Bloomberg, M+**
👍6
M+ Morning Market Buzz - 20Mar25
Dow Jones: 41,964.63 pts (+383.32pts, +0.92%)
⬆️ Resistance: 43100
⬇️ Support: 39900
FBM KLCI: 1,517.66 pts (-10.15pts, -0.66%)
⬆️ Resistance: 1570
⬇️ Support: 1460
HSI Index: 24,771.14 pts (+30.57pts, +0.12%)
⬆️ Resistance: 25400
⬇️ Support: 22800
Crude Palm Oil: RM4,389 (+RM2, +0.05%)
⬆️ Resistance: 4680
⬇️ Support: 4260
Brent Oil: $70.78 (+$0.22, +0.31%)
⬆️ Resistance: 73.70
⬇️ Support: 68.30
Gold: $3,047.79 (+$1.85, +0.06%)
⬆️ Resistance: 3120
⬇️ Support: 2880
Source: Bloomberg, M+
Dow Jones: 41,964.63 pts (+383.32pts, +0.92%)
⬆️ Resistance: 43100
⬇️ Support: 39900
FBM KLCI: 1,517.66 pts (-10.15pts, -0.66%)
⬆️ Resistance: 1570
⬇️ Support: 1460
HSI Index: 24,771.14 pts (+30.57pts, +0.12%)
⬆️ Resistance: 25400
⬇️ Support: 22800
Crude Palm Oil: RM4,389 (+RM2, +0.05%)
⬆️ Resistance: 4680
⬇️ Support: 4260
Brent Oil: $70.78 (+$0.22, +0.31%)
⬆️ Resistance: 73.70
⬇️ Support: 68.30
Gold: $3,047.79 (+$1.85, +0.06%)
⬆️ Resistance: 3120
⬇️ Support: 2880
Source: Bloomberg, M+
👍6👏1
M+ Market Update – 20Mar25
Fed Kept Interest Rates Unchanged
The local bourse closed lower following profit-taking activities across banking heavyweights. In the US, all three indices rebounded after the Fed held the interest rates unchanged and maintained its forecast for two rate cuts this year. The decision to hold rates came despite an anticipated rise in inflation this year, as weaker economic growth is expected to offset elevated inflationary pressures. Meanwhile, investors will closely watch the PBoC loan prime rate announcement. In the commodities market, Brent oil remained above USD70/barrel, while gold surged to all-time-high around USD3,050. Meanwhile, CPO traded flat below RM4,400/tonne.
Sector Focus: In view of NETR roadmap, renewable energy (RE) stocks remain on our radar, driven by the LSS5+ programme and Malaysia’s 31% RE capacity goal this year. Thus, we expect higher trading activities for SLVEST, given its recent RM401m EPCC contract win for TNB’s 500MW solar farm in Bukit Selembau, Kedah—the largest solar project awarded under the LSS programme. We favour the plantation company, JTIASA for its positive cash flow and attractive dividends. Besides, investors can refer to our latest IPO note on SumiSaujana (M+ Fair Value: RM0.30), which specializes in manufacturing O&G specialty chemicals, focusing on upstream drilling fluids and production/refinery chemicals.
Stocks to watch:
Consumer: KOPI, *GCB*, SPRITZER
Construction: BNASTRA, *SUNCON*
Technology: *RAMSSOL*
Chemical: *TMK*
Commodity: *MSC*
Healthcare: TOPGLOV
Utility: BMGREEN
Source: M+
Fed Kept Interest Rates Unchanged
The local bourse closed lower following profit-taking activities across banking heavyweights. In the US, all three indices rebounded after the Fed held the interest rates unchanged and maintained its forecast for two rate cuts this year. The decision to hold rates came despite an anticipated rise in inflation this year, as weaker economic growth is expected to offset elevated inflationary pressures. Meanwhile, investors will closely watch the PBoC loan prime rate announcement. In the commodities market, Brent oil remained above USD70/barrel, while gold surged to all-time-high around USD3,050. Meanwhile, CPO traded flat below RM4,400/tonne.
Sector Focus: In view of NETR roadmap, renewable energy (RE) stocks remain on our radar, driven by the LSS5+ programme and Malaysia’s 31% RE capacity goal this year. Thus, we expect higher trading activities for SLVEST, given its recent RM401m EPCC contract win for TNB’s 500MW solar farm in Bukit Selembau, Kedah—the largest solar project awarded under the LSS programme. We favour the plantation company, JTIASA for its positive cash flow and attractive dividends. Besides, investors can refer to our latest IPO note on SumiSaujana (M+ Fair Value: RM0.30), which specializes in manufacturing O&G specialty chemicals, focusing on upstream drilling fluids and production/refinery chemicals.
Stocks to watch:
Consumer: KOPI, *GCB*, SPRITZER
Construction: BNASTRA, *SUNCON*
Technology: *RAMSSOL*
Chemical: *TMK*
Commodity: *MSC*
Healthcare: TOPGLOV
Utility: BMGREEN
Source: M+
👍5
M+ Market Wrap - 20Mar25
FBM KLCI: 1,504.16 pts (-13.50pts, -0.89%)
Mirroring the bearish performance in the Hong Kong and China markets, the FBMKLCI (-0.89%) extended its losses for the second consecutive day, closing lower at 1,504.16 pts as losses in IHH (-33.0 sen) and MAYBANK (-18.0 sen) dragged the key index lower. Nevertheless, market breadth remained positive, with 479 winners against 453 losers. In the broader environment, the Energy sector (+1.34%) continued to be the best performer for the third consecutive day, while Financial Services (-1.11%) recorded the largest decline.
Top 3 Active stocks:
RENEUCO (7130): RM0.050 (+1.0 sen)
MYEG (0138): RM0.920 (-2.0 sen)
VS (6963): RM0.810 (-9.5 sen)
Volume: 3.27 bn (100-bar avg vol: 2.98 bn)
Value: RM2.64 bn (100-bar avg val: RM2.60 bn)
Market Breadth: ⬆️479⬇️453
Crude palm oil: RM4,417 (+RM28)
Dow Futures: 42,460 pts (+130 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,504.16 pts (-13.50pts, -0.89%)
Mirroring the bearish performance in the Hong Kong and China markets, the FBMKLCI (-0.89%) extended its losses for the second consecutive day, closing lower at 1,504.16 pts as losses in IHH (-33.0 sen) and MAYBANK (-18.0 sen) dragged the key index lower. Nevertheless, market breadth remained positive, with 479 winners against 453 losers. In the broader environment, the Energy sector (+1.34%) continued to be the best performer for the third consecutive day, while Financial Services (-1.11%) recorded the largest decline.
Top 3 Active stocks:
RENEUCO (7130): RM0.050 (+1.0 sen)
MYEG (0138): RM0.920 (-2.0 sen)
VS (6963): RM0.810 (-9.5 sen)
Volume: 3.27 bn (100-bar avg vol: 2.98 bn)
Value: RM2.64 bn (100-bar avg val: RM2.60 bn)
Market Breadth: ⬆️479⬇️453
Crude palm oil: RM4,417 (+RM28)
Dow Futures: 42,460 pts (+130 pts)
**Source: Bloomberg, M+**
👍3
M+ Morning Market Buzz - 21Mar25
Dow Jones: 41,953.32 pts (-11.31pts, -0.03%)
⬆️ Resistance: 43100
⬇️ Support: 40200
FBM KLCI: 1,504.16 pts (-13.50pts, -0.89%)
⬆️ Resistance: 1570
⬇️ Support: 1470
HSI Index: 24,219.95 pts (-551.19pts, -2.23%)
⬆️ Resistance: 25400
⬇️ Support: 23000
Crude Palm Oil: RM4,413 (+RM2, +0.05%)
⬆️ Resistance: 4680
⬇️ Support: 4260
Brent Oil: $72.00 (+$1.22, +1.72%)
⬆️ Resistance: 73.80
⬇️ Support: 68.60
Gold: $3,044.90 (-$1.26, -0.04%)
⬆️ Resistance: 3120
⬇️ Support: 2920
Source: Bloomberg, M+
Dow Jones: 41,953.32 pts (-11.31pts, -0.03%)
⬆️ Resistance: 43100
⬇️ Support: 40200
FBM KLCI: 1,504.16 pts (-13.50pts, -0.89%)
⬆️ Resistance: 1570
⬇️ Support: 1470
HSI Index: 24,219.95 pts (-551.19pts, -2.23%)
⬆️ Resistance: 25400
⬇️ Support: 23000
Crude Palm Oil: RM4,413 (+RM2, +0.05%)
⬆️ Resistance: 4680
⬇️ Support: 4260
Brent Oil: $72.00 (+$1.22, +1.72%)
⬆️ Resistance: 73.80
⬇️ Support: 68.60
Gold: $3,044.90 (-$1.26, -0.04%)
⬆️ Resistance: 3120
⬇️ Support: 2920
Source: Bloomberg, M+
👍3😁1
M+ Market Update – 21Mar25
Time For Consolidation
The local bourse closed lower for the second day, driven by selling pressure in selected hospital and banking heavyweights. In the US, all three indices snapped their one-day gains as the Fed kept its expectation of two rate cuts this year. The Fed revised its GDP growth downward from 2.1% to 1.7%, while raising its PCE inflation forecast to 2.8% from 2.5% for the year. Uncertainties over Trump’s tariffs also weighed on companies, interrupting their plans and capital spending. Meanwhile, Malaysia will release its February CPI data today. In the commodities market, Brent oil edged up toward USD72/barrel, while gold declined marginally below USD3,050/oz. Meanwhile, CPO rebounded above the RM4,400 level.
Sector Focus: Despite looming US tariff uncertainties, Malaysia’s exports remained resilient in February, growing 6.2% YoY, driven by the E&E and palm oil industries. We anticipate sustained interest in the semiconductor and E&E sectors, supported by Malaysia's 10-year partnership with Arm Holdings and also the ongoing global tech spending in AI. Meanwhile, the monsoon transition period (March–May) may also spur follow-through interest in certain flood mitigation, construction and building materials counters. Nevertheless, investors should remain cautious of the upcoming US reciprocal tariffs on April 2nd, which could reintroduce near-term market volatility.
Stocks to watch:
Consumer: *HUPSENG*, SPRITZER
Utility: *GASMSIA*, YTLPOWR
Renewable Energy: *PEKAT*
Construction: *SUNCON*
Healthcare: *KPJ*
REIT: IGBREIT
Source: M+
Time For Consolidation
The local bourse closed lower for the second day, driven by selling pressure in selected hospital and banking heavyweights. In the US, all three indices snapped their one-day gains as the Fed kept its expectation of two rate cuts this year. The Fed revised its GDP growth downward from 2.1% to 1.7%, while raising its PCE inflation forecast to 2.8% from 2.5% for the year. Uncertainties over Trump’s tariffs also weighed on companies, interrupting their plans and capital spending. Meanwhile, Malaysia will release its February CPI data today. In the commodities market, Brent oil edged up toward USD72/barrel, while gold declined marginally below USD3,050/oz. Meanwhile, CPO rebounded above the RM4,400 level.
Sector Focus: Despite looming US tariff uncertainties, Malaysia’s exports remained resilient in February, growing 6.2% YoY, driven by the E&E and palm oil industries. We anticipate sustained interest in the semiconductor and E&E sectors, supported by Malaysia's 10-year partnership with Arm Holdings and also the ongoing global tech spending in AI. Meanwhile, the monsoon transition period (March–May) may also spur follow-through interest in certain flood mitigation, construction and building materials counters. Nevertheless, investors should remain cautious of the upcoming US reciprocal tariffs on April 2nd, which could reintroduce near-term market volatility.
Stocks to watch:
Consumer: *HUPSENG*, SPRITZER
Utility: *GASMSIA*, YTLPOWR
Renewable Energy: *PEKAT*
Construction: *SUNCON*
Healthcare: *KPJ*
REIT: IGBREIT
Source: M+
👍4
M+ Market Wrap - 21Mar25
FBM KLCI: 1,505.45 pts (+1.29pts, +0.09%)
Despite the regional market sell-offs, the FBMKLCI (+0.09%) bucked the trend and closed higher at 1,505.45 pts, led by buying interest in key heavyweights like PETDAG (+174.0 sen) and IHH (+13.0 sen). The country also recorded a 1.5% YoY rise in inflation for February, lower than January’s 1.7% increase. The slower inflation growth was due to stabilized food prices and moderated housing and utilities costs. Meanwhile, the market breadth was negative, with 513 losers against 371 winners. In the broader market, the Consumer Products & Services (+0.89%) sector outperformed following the disbursement of ‘Sumbangan Tunai Rahmah’ (Phase 2) next Monday, while the Telecommunications & Media (-1.26%) sector saw the largest decline.
Top 3 Active stocks:
LSH (0351): RM0.830 (-5.0 sen)
99SMART (5326): RM1.960 (-1.0 sen)
TANCO (2429): RM1.860 (-2.0 sen)
Volume: 3.44 bn (100-bar avg vol: 2.98 bn)
Value: RM4.28 bn (100-bar avg val: RM2.60 bn)
Market Breadth: ⬆️371⬇️513
Crude palm oil: RM4,385 (-RM28)
Dow Futures: 42,122 pts (-164 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,505.45 pts (+1.29pts, +0.09%)
Despite the regional market sell-offs, the FBMKLCI (+0.09%) bucked the trend and closed higher at 1,505.45 pts, led by buying interest in key heavyweights like PETDAG (+174.0 sen) and IHH (+13.0 sen). The country also recorded a 1.5% YoY rise in inflation for February, lower than January’s 1.7% increase. The slower inflation growth was due to stabilized food prices and moderated housing and utilities costs. Meanwhile, the market breadth was negative, with 513 losers against 371 winners. In the broader market, the Consumer Products & Services (+0.89%) sector outperformed following the disbursement of ‘Sumbangan Tunai Rahmah’ (Phase 2) next Monday, while the Telecommunications & Media (-1.26%) sector saw the largest decline.
Top 3 Active stocks:
LSH (0351): RM0.830 (-5.0 sen)
99SMART (5326): RM1.960 (-1.0 sen)
TANCO (2429): RM1.860 (-2.0 sen)
Volume: 3.44 bn (100-bar avg vol: 2.98 bn)
Value: RM4.28 bn (100-bar avg val: RM2.60 bn)
Market Breadth: ⬆️371⬇️513
Crude palm oil: RM4,385 (-RM28)
Dow Futures: 42,122 pts (-164 pts)
**Source: Bloomberg, M+**
👍4
M+ Morning Market Buzz - 24Mar25
Dow Jones: 41,985.35 pts (+32.03pts, +0.08%)
⬆️ Resistance: 43100
⬇️ Support: 40600
FBM KLCI: 1,505.45 pts (+1.29pts, +0.09%)
⬆️ Resistance: 1570
⬇️ Support: 1480
HSI Index: 23,689.72 pts (-530.23pts, -2.19%)
⬆️ Resistance: 25400
⬇️ Support: 23200
Crude Palm Oil: RM4,375 (-RM38, -0.86%)
⬆️ Resistance: 4590
⬇️ Support: 4260
Brent Oil: $72.16 (+$0.16, +0.22%)
⬆️ Resistance: 74.00
⬇️ Support: 68.60
Gold: $3,022.15 (+$1.29, +0.03%)
⬆️ Resistance: 3120
⬇️ Support: 2930
Source: Bloomberg, M+
Dow Jones: 41,985.35 pts (+32.03pts, +0.08%)
⬆️ Resistance: 43100
⬇️ Support: 40600
FBM KLCI: 1,505.45 pts (+1.29pts, +0.09%)
⬆️ Resistance: 1570
⬇️ Support: 1480
HSI Index: 23,689.72 pts (-530.23pts, -2.19%)
⬆️ Resistance: 25400
⬇️ Support: 23200
Crude Palm Oil: RM4,375 (-RM38, -0.86%)
⬆️ Resistance: 4590
⬇️ Support: 4260
Brent Oil: $72.16 (+$0.16, +0.22%)
⬆️ Resistance: 74.00
⬇️ Support: 68.60
Gold: $3,022.15 (+$1.29, +0.03%)
⬆️ Resistance: 3120
⬇️ Support: 2930
Source: Bloomberg, M+
👍2
M+ Market Update – 24Mar25
Back To Fundamentals
The FBMKLCI posted slight gains as Consumer Products & Services heavyweights offset weaknesses in Telco & Media heavyweights. Similarly, Wall Street eked out marginal gains, while the Dollar strengthened despite the ongoing new US trade policies being introduced by President Trump. This week, traders will closely monitor (i) Flash Manufacturing PMI, (ii) Flash Services PMI, (iii) U.S. economic growth, (iv) Unemployment Claims, and (v) Core PCE Index. In the commodities market, both Brent oil traded along USD72 and gold above USD3,000 per ounce. CPO prices traded within a tight range around RM4,375.
Sector Focus: With the recent announcement from President Trump imposing "Maximum Pressure" to remove Iran's oil supply from the global oil market, combined with OPEC+'s decision to extend production cuts of 1.66m bpd until Dec-2025, global oil supply is expected to tighten further, providing additional support for crude oil prices; translating to potential trading interest within the O&G sector. Meanwhile, we see trading opportunities within Transportation & Logistics, particularly those linked to container and conventional cargo handling, after Westports' strong breakout last Friday, despite the proposed delay in the Port Tariff revision, as we expect its DRP-funded CapEx funding should provide further growth on a longer-term basis.
Stocks to watch:
Consumer: *FFB*, HUPSENG, SPRITZER
Commodity: *AUMAS*
Construction: *SUNCON*
Utility: *UUE*
O&G: *HAWK*
Building Material: UNIQUE
Source: M+
Back To Fundamentals
The FBMKLCI posted slight gains as Consumer Products & Services heavyweights offset weaknesses in Telco & Media heavyweights. Similarly, Wall Street eked out marginal gains, while the Dollar strengthened despite the ongoing new US trade policies being introduced by President Trump. This week, traders will closely monitor (i) Flash Manufacturing PMI, (ii) Flash Services PMI, (iii) U.S. economic growth, (iv) Unemployment Claims, and (v) Core PCE Index. In the commodities market, both Brent oil traded along USD72 and gold above USD3,000 per ounce. CPO prices traded within a tight range around RM4,375.
Sector Focus: With the recent announcement from President Trump imposing "Maximum Pressure" to remove Iran's oil supply from the global oil market, combined with OPEC+'s decision to extend production cuts of 1.66m bpd until Dec-2025, global oil supply is expected to tighten further, providing additional support for crude oil prices; translating to potential trading interest within the O&G sector. Meanwhile, we see trading opportunities within Transportation & Logistics, particularly those linked to container and conventional cargo handling, after Westports' strong breakout last Friday, despite the proposed delay in the Port Tariff revision, as we expect its DRP-funded CapEx funding should provide further growth on a longer-term basis.
Stocks to watch:
Consumer: *FFB*, HUPSENG, SPRITZER
Commodity: *AUMAS*
Construction: *SUNCON*
Utility: *UUE*
O&G: *HAWK*
Building Material: UNIQUE
Source: M+
👍8🥰1😁1
M+ Market Wrap - 24Mar25
FBM KLCI: 1,503.82 pts (-1.63pts, -0.11%)
The FBMKLCI (-0.11%) slid as Consumer Products & Services heavyweights, namely Petronas Dagangan, dampened sentiment on the local front. Meanwhile, Malaysia’s central bank reported earnings at a 27-year high, driven by stronger investment returns from its international reserves. Market breadth was negative, with losers outpacing gainers by 601-to-310 stocks. In the broader market, REITs (+0.73%) outperformed, led by KLCC (+14.0 sen) and (+2.0 sen), while Health Care (-1.47%) recorded the steepest decline.
Top 3 Active stocks:
EAH (0154): RM0.005 (unch)
SALIRAN (0346): RM0.245 (-1.0 sen)
PERTAMA (8532): RM0.160 (unch)
Volume: 3.01 bn (100-bar avg vol: 2.98 bn)
Value: RM1.92 bn (100-bar avg val: RM2.62 bn)
Market Breadth: ⬆️310⬇️601
Crude palm oil: RM4,293 (-RM82)
Dow Futures: 42,644 pts (+325 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,503.82 pts (-1.63pts, -0.11%)
The FBMKLCI (-0.11%) slid as Consumer Products & Services heavyweights, namely Petronas Dagangan, dampened sentiment on the local front. Meanwhile, Malaysia’s central bank reported earnings at a 27-year high, driven by stronger investment returns from its international reserves. Market breadth was negative, with losers outpacing gainers by 601-to-310 stocks. In the broader market, REITs (+0.73%) outperformed, led by KLCC (+14.0 sen) and (+2.0 sen), while Health Care (-1.47%) recorded the steepest decline.
Top 3 Active stocks:
EAH (0154): RM0.005 (unch)
SALIRAN (0346): RM0.245 (-1.0 sen)
PERTAMA (8532): RM0.160 (unch)
Volume: 3.01 bn (100-bar avg vol: 2.98 bn)
Value: RM1.92 bn (100-bar avg val: RM2.62 bn)
Market Breadth: ⬆️310⬇️601
Crude palm oil: RM4,293 (-RM82)
Dow Futures: 42,644 pts (+325 pts)
**Source: Bloomberg, M+**
👍2
M+ Morning Market Buzz - 25Mar25
Dow Jones: 42,583.32 pts (+597.97pts, +1.42%)
⬆️ Resistance: 43500
⬇️ Support: 40600
FBM KLCI: 1,503.82 pts (-1.63pts, -0.11%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,905.56 pts (+215.84pts, +0.91%)
⬆️ Resistance: 25400
⬇️ Support: 23100
Crude Palm Oil: RM4,305 (+RM34, +0.79%)
⬆️ Resistance: 4560
⬇️ Support: 4210
Brent Oil: $73.00 (+$0.84, +1.16%)
⬆️ Resistance: 74.70
⬇️ Support: 68.60
Gold: $3,011.04 (-$0.27, -0.01%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
Dow Jones: 42,583.32 pts (+597.97pts, +1.42%)
⬆️ Resistance: 43500
⬇️ Support: 40600
FBM KLCI: 1,503.82 pts (-1.63pts, -0.11%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,905.56 pts (+215.84pts, +0.91%)
⬆️ Resistance: 25400
⬇️ Support: 23100
Crude Palm Oil: RM4,305 (+RM34, +0.79%)
⬆️ Resistance: 4560
⬇️ Support: 4210
Brent Oil: $73.00 (+$0.84, +1.16%)
⬆️ Resistance: 74.70
⬇️ Support: 68.60
Gold: $3,011.04 (-$0.27, -0.01%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
👍2🥰1
M+ Market Update – 25Mar25
Market Sentiment Turning Positive
US: The rally in the "Magnificent Seven" reflects hopes that the U.S. may avoid an economic slowdown, as reports suggest tariffs could be narrower in scope or delayed. This has eased some trade war fears. However, investors remain cautious about inflation and recession risks ahead of Trump’s April 2 tariff deadline. This week, traders will closely monitor (i) Flash Manufacturing PMI, (ii) Flash Services PMI, (iii) U.S. economic growth, (iv) Unemployment Claims, and (v) Core PCE Index. In the commodities market, Brent Crude edged higher toward USD72 per barrel, while Gold retreated further to USD3,012 an ounce. CPO prices traded flat, hovering around RM4,339.
MY: Tracking the US markets, the KLCI is set to open higher, with Technology stocks in focus. Meanwhile, Venezuela’s oil supply is expected to be revoked soon and the US President could be imposing 25% tariffs on oil trading partners dealing with Venezuela. Thus, with US-Iran sanctions and OPEC+ production cuts, this may lead to a higher crude oil price environment. Besides, we see trading opportunities in stocks linked to the nation’s automotive brands, benefiting from March’s higher vehicle sales and anticipating that Hari Raya in April will drive increased delivery turnover for backlogged orders.
Stocks to watch:
Commodity: *AUMAS*, *POHKONG*
Construction: *BNASTRA*, SUNCON
Logistics: *WPRTS*
Healthcare: *KPJ*
Consumer: SPRITZER
Utility: MNHLDG
Source: M+
Market Sentiment Turning Positive
US: The rally in the "Magnificent Seven" reflects hopes that the U.S. may avoid an economic slowdown, as reports suggest tariffs could be narrower in scope or delayed. This has eased some trade war fears. However, investors remain cautious about inflation and recession risks ahead of Trump’s April 2 tariff deadline. This week, traders will closely monitor (i) Flash Manufacturing PMI, (ii) Flash Services PMI, (iii) U.S. economic growth, (iv) Unemployment Claims, and (v) Core PCE Index. In the commodities market, Brent Crude edged higher toward USD72 per barrel, while Gold retreated further to USD3,012 an ounce. CPO prices traded flat, hovering around RM4,339.
MY: Tracking the US markets, the KLCI is set to open higher, with Technology stocks in focus. Meanwhile, Venezuela’s oil supply is expected to be revoked soon and the US President could be imposing 25% tariffs on oil trading partners dealing with Venezuela. Thus, with US-Iran sanctions and OPEC+ production cuts, this may lead to a higher crude oil price environment. Besides, we see trading opportunities in stocks linked to the nation’s automotive brands, benefiting from March’s higher vehicle sales and anticipating that Hari Raya in April will drive increased delivery turnover for backlogged orders.
Stocks to watch:
Commodity: *AUMAS*, *POHKONG*
Construction: *BNASTRA*, SUNCON
Logistics: *WPRTS*
Healthcare: *KPJ*
Consumer: SPRITZER
Utility: MNHLDG
Source: M+
👍5
Good Morning All,
Here’s our Technical Focus note on Elridge Energy Holdings Bhd: https://mplusonline.com/research-report/detail/739
Elridge Energy Holdings Berhad (EEHB) is extending its bullish trend while testing immediate resistance at RM0.475–0.480. A breakout above this level would confirm a bullish bias, targeting RM0.525–0.530, whereas a drop below the RM0.450 support would signal a potential correction.
Trading catalysts include:
(i) Key proxy to Japan's government initiatives,
(ii) Capacity expansion to meet growing demand, and
(iii) Financial results in line with expectations.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
25 Mar 2025
Here’s our Technical Focus note on Elridge Energy Holdings Bhd: https://mplusonline.com/research-report/detail/739
Elridge Energy Holdings Berhad (EEHB) is extending its bullish trend while testing immediate resistance at RM0.475–0.480. A breakout above this level would confirm a bullish bias, targeting RM0.525–0.530, whereas a drop below the RM0.450 support would signal a potential correction.
Trading catalysts include:
(i) Key proxy to Japan's government initiatives,
(ii) Capacity expansion to meet growing demand, and
(iii) Financial results in line with expectations.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
25 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...
👍4
M+ Market Wrap - 25Mar25
FBM KLCI: 1,513.60 pts (+9.78pts, +0.65%)
In line with the risk-on sentiment on Wall Street, the FBMKLCI (+0.65%) rebounded, as Banking heavyweights CIMB (+8.0 sen) and MAYBANK (+6.0 sen) lifted sentiment on the local front. Market breadth was positive, with gainers outpacing losers by a ratio of 591-to-395 stocks. In the broader market, the Technology sector (+2.16%) outperformed, led by INARI (+6.0 sen) and VITROX (+8.0 sen), while REITs (-0.17%) continued their downward trend.
Top 3 Active stocks:
EAH (0154): RM0.005 (unch)
DENGKIL (0347): RM0.230 (-2.0 sen)
SG (5157): RM0.010 (-0.5 sen)
Volume: 3.13 bn (100-bar avg vol: 2.99 bn)
Value: RM2.51 bn (100-bar avg val: RM2.61 bn)
Market Breadth: ⬆️591⬇️395
Crude palm oil: RM4,258 (-RM47)
Dow Futures: 42,837 pts (-61 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,513.60 pts (+9.78pts, +0.65%)
In line with the risk-on sentiment on Wall Street, the FBMKLCI (+0.65%) rebounded, as Banking heavyweights CIMB (+8.0 sen) and MAYBANK (+6.0 sen) lifted sentiment on the local front. Market breadth was positive, with gainers outpacing losers by a ratio of 591-to-395 stocks. In the broader market, the Technology sector (+2.16%) outperformed, led by INARI (+6.0 sen) and VITROX (+8.0 sen), while REITs (-0.17%) continued their downward trend.
Top 3 Active stocks:
EAH (0154): RM0.005 (unch)
DENGKIL (0347): RM0.230 (-2.0 sen)
SG (5157): RM0.010 (-0.5 sen)
Volume: 3.13 bn (100-bar avg vol: 2.99 bn)
Value: RM2.51 bn (100-bar avg val: RM2.61 bn)
Market Breadth: ⬆️591⬇️395
Crude palm oil: RM4,258 (-RM47)
Dow Futures: 42,837 pts (-61 pts)
**Source: Bloomberg, M+**
👍3
Good Evening All,
Here’s our IPO note on MSB Global Group Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.26 per share for MSB Global Group Berhad, representing a 30.0% upside from the IPO price of RM0.20. This valuation is based on a P/E ratio of 14.5x, pegged to the mid-FY26F EPS of 1.78 sen. While the 12-month forward P/E and historical average P/E among its peers stand at 9.0x-11.0x, we believe the ascribed P/E is justified, given MSB’s strong fundamentals, supported by a solid ROE and net profit margin of 23.0% and 12.9%, respectively, outperforming the peer average of 12.4% and 9.7%, respectively.
Investment highlights include:
(i) Expansion of a new factory and warehouse
(ii) Enhancing production capacity with new machinery
(iii) Expansion into EV-related products
(iv) Long-term exclusive distribution rights for GSP branded products
(v) Strengthening digital presence to drive sales
(vi) Growing automotive aftermarket in Malaysia
(vii) Rising adoption of EVs in Malaysia
Please let me know if you have any questions. Have a nice day!
Research Team, M+
25 Mar 2025
Here’s our IPO note on MSB Global Group Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.26 per share for MSB Global Group Berhad, representing a 30.0% upside from the IPO price of RM0.20. This valuation is based on a P/E ratio of 14.5x, pegged to the mid-FY26F EPS of 1.78 sen. While the 12-month forward P/E and historical average P/E among its peers stand at 9.0x-11.0x, we believe the ascribed P/E is justified, given MSB’s strong fundamentals, supported by a solid ROE and net profit margin of 23.0% and 12.9%, respectively, outperforming the peer average of 12.4% and 9.7%, respectively.
Investment highlights include:
(i) Expansion of a new factory and warehouse
(ii) Enhancing production capacity with new machinery
(iii) Expansion into EV-related products
(iv) Long-term exclusive distribution rights for GSP branded products
(v) Strengthening digital presence to drive sales
(vi) Growing automotive aftermarket in Malaysia
(vii) Rising adoption of EVs in Malaysia
Please let me know if you have any questions. Have a nice day!
Research Team, M+
25 Mar 2025
👍4
M+ Morning Market Buzz - 26Mar25
Dow Jones: 42,587.50 pts (+4.18pts, +0.01%)
⬆️ Resistance: 43600
⬇️ Support: 40700
FBM KLCI: 1,513.60 pts (+8.68pts, +0.57%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,344.25 pts (+185.29pts, +0.79%)
⬆️ Resistance: 25400
⬇️ Support: 22900
Crude Palm Oil: RM4,245 (+RM19, +0.45%)
⬆️ Resistance: 4560
⬇️ Support: 4150
Brent Oil: $73.02 (+$0.31, +0.42%)
⬆️ Resistance: 75.10
⬇️ Support: 68.60
Gold: $3,020.09 (+$5.55, +0.18%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
Dow Jones: 42,587.50 pts (+4.18pts, +0.01%)
⬆️ Resistance: 43600
⬇️ Support: 40700
FBM KLCI: 1,513.60 pts (+8.68pts, +0.57%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,344.25 pts (+185.29pts, +0.79%)
⬆️ Resistance: 25400
⬇️ Support: 22900
Crude Palm Oil: RM4,245 (+RM19, +0.45%)
⬆️ Resistance: 4560
⬇️ Support: 4150
Brent Oil: $73.02 (+$0.31, +0.42%)
⬆️ Resistance: 75.10
⬇️ Support: 68.60
Gold: $3,020.09 (+$5.55, +0.18%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
👍3
M+ Market Wrap - 26Mar25
FBM KLCI: 1,518.05 pts (+4.45pts, +0.29%)
The FBMKLCI (+0.29%) closed higher as Telco & Media heavyweights lifted sentiment on the local front; the latter was due to Axiata securing shareholder approval for its merger with its Indonesian operations. However, market breadth was negative, with losers outpacing gainers by a ratio of 428 to 399. In the broader market, the Telco & Media sector (+2.19%) outperformed, led by gains in AXIATA (+9.0 sen) and MAXIS (+10.0 sen), while the Energy sector (-0.24%) experienced the largest decline.
Top 3 Active stocks:
CLITE (0348): RM0.230 (-2.0 sen)
RENEUCO (7130): RM0.045 (-0.5 sen)
PBBANK (1295): RM4.470 (+3.0 sen)
Volume: 3.11 bn (100-bar avg vol: 3.00 bn)
Value: RM2.47 bn (100-bar avg val: RM2.62 bn)
Market Breadth: ⬆️399⬇️428
Crude palm oil: RM4,263 (+RM18)
Dow Futures: 42,858 pts (-48 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,518.05 pts (+4.45pts, +0.29%)
The FBMKLCI (+0.29%) closed higher as Telco & Media heavyweights lifted sentiment on the local front; the latter was due to Axiata securing shareholder approval for its merger with its Indonesian operations. However, market breadth was negative, with losers outpacing gainers by a ratio of 428 to 399. In the broader market, the Telco & Media sector (+2.19%) outperformed, led by gains in AXIATA (+9.0 sen) and MAXIS (+10.0 sen), while the Energy sector (-0.24%) experienced the largest decline.
Top 3 Active stocks:
CLITE (0348): RM0.230 (-2.0 sen)
RENEUCO (7130): RM0.045 (-0.5 sen)
PBBANK (1295): RM4.470 (+3.0 sen)
Volume: 3.11 bn (100-bar avg vol: 3.00 bn)
Value: RM2.47 bn (100-bar avg val: RM2.62 bn)
Market Breadth: ⬆️399⬇️428
Crude palm oil: RM4,263 (+RM18)
Dow Futures: 42,858 pts (-48 pts)
**Source: Bloomberg, M+**
👍5
M+ Morning Market Buzz - 27Mar25
Dow Jones: 42,454.79 pts (-132.71pts, -0.31%)
⬆️ Resistance: 43700
⬇️ Support: 40700
FBM KLCI: 1,518.05 pts (+4.45pts, +0.29%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,483.32 pts (+139.07pts, +0.60%)
⬆️ Resistance: 25300
⬇️ Support: 22900
Crude Palm Oil: RM4,259 (+RM18, +0.42%)
⬆️ Resistance: 4560
⬇️ Support: 4150
Brent Oil: $73.02 (+$0.98, +1.34%)
⬆️ Resistance: 75.70
⬇️ Support: 69.20
Gold: $3,019.38 (-$0.13, -0.00%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
Dow Jones: 42,454.79 pts (-132.71pts, -0.31%)
⬆️ Resistance: 43700
⬇️ Support: 40700
FBM KLCI: 1,518.05 pts (+4.45pts, +0.29%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,483.32 pts (+139.07pts, +0.60%)
⬆️ Resistance: 25300
⬇️ Support: 22900
Crude Palm Oil: RM4,259 (+RM18, +0.42%)
⬆️ Resistance: 4560
⬇️ Support: 4150
Brent Oil: $73.02 (+$0.98, +1.34%)
⬆️ Resistance: 75.70
⬇️ Support: 69.20
Gold: $3,019.38 (-$0.13, -0.00%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
👍2👏1