M+ Market Update – 24Apr25
The Market May Extend Its Rebound
US: Wall Street continued to trade higher as President Trump toned down his pressure on Fed Chair Jerome Powell, while Treasury Secretary Scott Bessent commented that “there is an opportunity for a big deal here” regarding US-China trade relations. We believe the market may be pricing in a potential de-escalation of the trade war, which could present further upside opportunities for US equities. Also, we see trading opportunities within Brinker International (EAT), following the channel breakout pattern, supported by steady forward guidance. In the commodities market, both Brent oil and Gold retreated towards USD66/bbl and USD3,310/oz, respectively, while CPO prices charged towards RM4,024/MT.
MY: The local bourse is set to open higher, tracking Wall Street performance. Investors will likely be watching for developments as Tengku Zafrul and his team arrived in the US to push for a review of tariffs on Malaysian imports. With the US easing its stance on China, a rebound may be in store for beaten-down sectors such as Technology. For defensive plays, investors may look into Healthcare, including KPJ, which stands to benefit from brownfield expansion and increased bed capacity this year, while glove stocks appear undervalued, as rising demand and significant tariffs differential between Malaysia and China would support margin expansion.
Stocks to watch:
Utility: *GASMSIA*, *KJTS*, *MNHLDG*, SCGBHD
Consumer: *KOPI*, TEOSENG
O&G: DAYANG, HIBISCS
Healthcare: *KPJ*
Financial: CIMB
Source: M+
The Market May Extend Its Rebound
US: Wall Street continued to trade higher as President Trump toned down his pressure on Fed Chair Jerome Powell, while Treasury Secretary Scott Bessent commented that “there is an opportunity for a big deal here” regarding US-China trade relations. We believe the market may be pricing in a potential de-escalation of the trade war, which could present further upside opportunities for US equities. Also, we see trading opportunities within Brinker International (EAT), following the channel breakout pattern, supported by steady forward guidance. In the commodities market, both Brent oil and Gold retreated towards USD66/bbl and USD3,310/oz, respectively, while CPO prices charged towards RM4,024/MT.
MY: The local bourse is set to open higher, tracking Wall Street performance. Investors will likely be watching for developments as Tengku Zafrul and his team arrived in the US to push for a review of tariffs on Malaysian imports. With the US easing its stance on China, a rebound may be in store for beaten-down sectors such as Technology. For defensive plays, investors may look into Healthcare, including KPJ, which stands to benefit from brownfield expansion and increased bed capacity this year, while glove stocks appear undervalued, as rising demand and significant tariffs differential between Malaysia and China would support margin expansion.
Stocks to watch:
Utility: *GASMSIA*, *KJTS*, *MNHLDG*, SCGBHD
Consumer: *KOPI*, TEOSENG
O&G: DAYANG, HIBISCS
Healthcare: *KPJ*
Financial: CIMB
Source: M+
👍4🥰1
M+ Morning Market Buzz - 24Apr25
Dow Jones: 39,606.57 pts (+419.59pts, +1.07%)
⬆ Resistance: 41200
⬇ Support: 37100
FBM KLCI: 1,501.19 pts (+14.94pts, +1.01%)
⬆ Resistance: 1540
⬇ Support: 1450
HSI Index: 22,072.62 pts (+510.30pts, +2.37%)
⬆ Resistance: 22600
⬇ Support: 20700
Crude Palm Oil: RM4,037 (-RM13, -0.32%)
⬆ Resistance: 4160
⬇ Support: 3790
Brent Oil: $66.12 (-$0.14, -0.21%)
⬆ Resistance: 70.10
⬇ Support: 64.00
Gold: $3,288.34 (+$35.36, +1.08%)
⬆ Resistance: 3580
⬇ Support: 3200
Source: Bloomberg, M+
Dow Jones: 39,606.57 pts (+419.59pts, +1.07%)
⬆ Resistance: 41200
⬇ Support: 37100
FBM KLCI: 1,501.19 pts (+14.94pts, +1.01%)
⬆ Resistance: 1540
⬇ Support: 1450
HSI Index: 22,072.62 pts (+510.30pts, +2.37%)
⬆ Resistance: 22600
⬇ Support: 20700
Crude Palm Oil: RM4,037 (-RM13, -0.32%)
⬆ Resistance: 4160
⬇ Support: 3790
Brent Oil: $66.12 (-$0.14, -0.21%)
⬆ Resistance: 70.10
⬇ Support: 64.00
Gold: $3,288.34 (+$35.36, +1.08%)
⬆ Resistance: 3580
⬇ Support: 3200
Source: Bloomberg, M+
👍2
Good Morning All,
We issued a technical buy call on Binastra Corporation Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Diversified jobs in the pipeline
(ii) Robust order book
(iii) Trading at a cheap valuation relatively to its peers.
Research Team, M+
24 Apr 2025
We issued a technical buy call on Binastra Corporation Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Diversified jobs in the pipeline
(ii) Robust order book
(iii) Trading at a cheap valuation relatively to its peers.
Research Team, M+
24 Apr 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...
👍3
M+ Market Wrap - 24Apr25
FBM KLCI: 1,506.52 pts (+5.33pts, +0.36%)
Thursday’s session saw the local bourse continue to trade in positive territory, as uncertainties surrounding Trump’s perfectionist trade policies were expected to ease. Banking stocks like CIMB helped lift market sentiment, despite a conservative tone in its quarterly outlook. Market breadth was neutral, with the gainers-to-losers ratio standing at 1-to-1 ratio. Buying interest in construction giants like Gamuda and IJM spurred buying interest in the sector, while the Plantation sector declined the most.
Top 3 Active stocks:
BPURI (5932): RM0.375 (+3.0 sen)
SFPTECH (0251): RM0.210 (+0.5 sen)
POS (4634): RM0.290 (+5.5 sen)
Volume: 3.08 bn (100-bar avg vol: 3.01 bn)
Value: RM2.14 bn (100-bar avg val: RM2.59 bn)
Market Breadth: ⬆️463⬇️426
Crude palm oil: RM4,034 (-RM3)
Dow Futures: 39,493 pts (-282 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,506.52 pts (+5.33pts, +0.36%)
Thursday’s session saw the local bourse continue to trade in positive territory, as uncertainties surrounding Trump’s perfectionist trade policies were expected to ease. Banking stocks like CIMB helped lift market sentiment, despite a conservative tone in its quarterly outlook. Market breadth was neutral, with the gainers-to-losers ratio standing at 1-to-1 ratio. Buying interest in construction giants like Gamuda and IJM spurred buying interest in the sector, while the Plantation sector declined the most.
Top 3 Active stocks:
BPURI (5932): RM0.375 (+3.0 sen)
SFPTECH (0251): RM0.210 (+0.5 sen)
POS (4634): RM0.290 (+5.5 sen)
Volume: 3.08 bn (100-bar avg vol: 3.01 bn)
Value: RM2.14 bn (100-bar avg val: RM2.59 bn)
Market Breadth: ⬆️463⬇️426
Crude palm oil: RM4,034 (-RM3)
Dow Futures: 39,493 pts (-282 pts)
**Source: Bloomberg, M+**
👍3
M+ Market Update – 25Apr25
Easing Trade Tension Boost Sentiment
US: Wall Street extended its gains, supported by President Trump's less confrontational stance toward Beijing, along with supportive remarks from Scott Bessent. We believe the market may be pricing in the recent developments around trade tensions, potentially positioning equities for further upside in the near term. Also, the ongoing earnings season will remain a key focus, especially after Alphabet reported stronger-than-expected earnings results post market. On the macro front, unemployment claims came in at 222k, in line with economists’ estimates. In the commodities market, both Brent Crude and Gold hovered around USD65/bbl and USD3,366 respectively, while CPO prices edged higher at RM4,059/MT.
MY: With the Bursa Finance Index up +8% from its 9 April low, we see accumulation opportunities in Alliance Bank and AmBank, which have lagged behind their peers despite offering healthy dividend payouts. Meanwhile, we view the acquisition of LF Lansen Sdn Bhd as a strategic move for Binastra to expand its RE-EPCC pipeline, supported by a robust orderbook and attractive valuations, relative to peers. Lastly, with the potential ongoing de-escalation of US-China trade tensions, we believe trading interest may return to the Technology sector, which was heavily sold down earlier this month.
Stocks to watch:
O&G: *KEYFIELD*, *UZMA*
Financial: *CIMB*, RHBBANK
Consumer: *DXN*, QL
Utility: MNHLDG
Healthcare: *KPJ*
REIT: SUNREIT
Telco: TM
Source: M+
Easing Trade Tension Boost Sentiment
US: Wall Street extended its gains, supported by President Trump's less confrontational stance toward Beijing, along with supportive remarks from Scott Bessent. We believe the market may be pricing in the recent developments around trade tensions, potentially positioning equities for further upside in the near term. Also, the ongoing earnings season will remain a key focus, especially after Alphabet reported stronger-than-expected earnings results post market. On the macro front, unemployment claims came in at 222k, in line with economists’ estimates. In the commodities market, both Brent Crude and Gold hovered around USD65/bbl and USD3,366 respectively, while CPO prices edged higher at RM4,059/MT.
MY: With the Bursa Finance Index up +8% from its 9 April low, we see accumulation opportunities in Alliance Bank and AmBank, which have lagged behind their peers despite offering healthy dividend payouts. Meanwhile, we view the acquisition of LF Lansen Sdn Bhd as a strategic move for Binastra to expand its RE-EPCC pipeline, supported by a robust orderbook and attractive valuations, relative to peers. Lastly, with the potential ongoing de-escalation of US-China trade tensions, we believe trading interest may return to the Technology sector, which was heavily sold down earlier this month.
Stocks to watch:
O&G: *KEYFIELD*, *UZMA*
Financial: *CIMB*, RHBBANK
Consumer: *DXN*, QL
Utility: MNHLDG
Healthcare: *KPJ*
REIT: SUNREIT
Telco: TM
Source: M+
👍1
M+ Morning Market Buzz - 25Apr25
Dow Jones: 40,093.40 pts (+486.83pts, +1.23%)
⬆️ Resistance: 41200
⬇️ Support: 37100
FBM KLCI: 1,506.52 pts (+5.33pts, +0.36%)
⬆️ Resistance: 1540
⬇️ Support: 1460
HSI Index: 21,909.76 pts (-162.86pts, -0.74%)
⬆️ Resistance: 22600
⬇️ Support: 20800
Crude Palm Oil: RM4,036 (+RM23, +0.57%)
⬆️ Resistance: 4150
⬇️ Support: 3790
Brent Oil: $66.55 (+$0.43, +0.65%)
⬆️ Resistance: 70.10
⬇️ Support: 64.00
Gold: $3,349.43 (+$2.84, +0.36%)
⬆️ Resistance: 3580
⬇️ Support: 3200
Source: Bloomberg, M+
Dow Jones: 40,093.40 pts (+486.83pts, +1.23%)
⬆️ Resistance: 41200
⬇️ Support: 37100
FBM KLCI: 1,506.52 pts (+5.33pts, +0.36%)
⬆️ Resistance: 1540
⬇️ Support: 1460
HSI Index: 21,909.76 pts (-162.86pts, -0.74%)
⬆️ Resistance: 22600
⬇️ Support: 20800
Crude Palm Oil: RM4,036 (+RM23, +0.57%)
⬆️ Resistance: 4150
⬇️ Support: 3790
Brent Oil: $66.55 (+$0.43, +0.65%)
⬆️ Resistance: 70.10
⬇️ Support: 64.00
Gold: $3,349.43 (+$2.84, +0.36%)
⬆️ Resistance: 3580
⬇️ Support: 3200
Source: Bloomberg, M+
👍2
M+ Market Wrap - 25Apr25
FBM KLCI: 1,509.20 pts (+2.68pts, +0.18%)
Friday’s session saw the local bourse extend its gains, amid easing uncertainties surrounding the US-China trade war following less confrontational stance from President Trump. Industrial Products & Services stocks such as PCHEM lifted the market sentiment. Market breadth was positive, with gainers outpacing losers by 651-to-325 stocks. On the broader market, the Technology sector led gains after heavy selling in early April, while Financial stocks traded marginally lower by 0.03%.
Top 3 Active stocks:
BPURI (5932): RM0.265 (-11.0 sen)
RTECH (0342): RM0.275 (+3.0 sen)
MYEG (0138): RM0.905 (+1.0 sen)
Volume: 3.10 bn (100-bar avg vol: 3.02 bn)
Value: RM1.95 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️651⬇️325
Crude palm oil: RM4,056 (+RM20)
Dow Futures: 40,280 pts (+18 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,509.20 pts (+2.68pts, +0.18%)
Friday’s session saw the local bourse extend its gains, amid easing uncertainties surrounding the US-China trade war following less confrontational stance from President Trump. Industrial Products & Services stocks such as PCHEM lifted the market sentiment. Market breadth was positive, with gainers outpacing losers by 651-to-325 stocks. On the broader market, the Technology sector led gains after heavy selling in early April, while Financial stocks traded marginally lower by 0.03%.
Top 3 Active stocks:
BPURI (5932): RM0.265 (-11.0 sen)
RTECH (0342): RM0.275 (+3.0 sen)
MYEG (0138): RM0.905 (+1.0 sen)
Volume: 3.10 bn (100-bar avg vol: 3.02 bn)
Value: RM1.95 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️651⬇️325
Crude palm oil: RM4,056 (+RM20)
Dow Futures: 40,280 pts (+18 pts)
**Source: Bloomberg, M+**
👍2
M+ Morning Market Buzz - 28Apr25
Dow Jones: 40,113.50 pts (+20.10pts, +0.05%)
⬆️ Resistance: 41200
⬇️ Support: 37100
FBM KLCI: 1,509.20 pts (+2.68pts, +0.18%)
⬆️ Resistance: 1550
⬇️ Support: 1460
HSI Index: 21,980.74 pts (+70.98pts, +0.32%)
⬆️ Resistance: 22800
⬇️ Support: 20800
Crude Palm Oil: RM4,057 (+RM21, +0.52%)
⬆️ Resistance: 4240
⬇️ Support: 3790
Brent Oil: $66.87 (+$0.32, +0.48%)
⬆️ Resistance: 70.10
⬇️ Support: 64.00
Gold: $3,319.72 (-$29.71, -0.89%)
⬆️ Resistance: 3580
⬇️ Support: 3200
Source: Bloomberg, M+
Dow Jones: 40,113.50 pts (+20.10pts, +0.05%)
⬆️ Resistance: 41200
⬇️ Support: 37100
FBM KLCI: 1,509.20 pts (+2.68pts, +0.18%)
⬆️ Resistance: 1550
⬇️ Support: 1460
HSI Index: 21,980.74 pts (+70.98pts, +0.32%)
⬆️ Resistance: 22800
⬇️ Support: 20800
Crude Palm Oil: RM4,057 (+RM21, +0.52%)
⬆️ Resistance: 4240
⬇️ Support: 3790
Brent Oil: $66.87 (+$0.32, +0.48%)
⬆️ Resistance: 70.10
⬇️ Support: 64.00
Gold: $3,319.72 (-$29.71, -0.89%)
⬆️ Resistance: 3580
⬇️ Support: 3200
Source: Bloomberg, M+
👍5
M+ Market Update – 28Apr25
Positive Rebound To Sustain
US: Wall Street closed the week on a strong note, buoyed by signs of potential de-escalation of trade war, following a non-formal public announcement, indicating that Beijing could be looking to exempt certain US imports from the 125% retaliatory tariffs, coupled with upbeat earnings from Wall Street. We believe the market will price in the recent development in the trade war, which could provide upside for US equities. Traders will monitor JOLTS, GDP growth, and NFP data this week. In the commodities market, Brent Crude and Gold hovered around USD 65-66/bbl and USD 3,319-3,366, respectively, while CPO prices remained stable at RM 4,057/MT.
MY: As the FBM KLCI reclaimed the 1,500 psychological level last Friday, we expect buying support to sustain in the near term. Meanwhile, given the rising cyber threats recently, we believe this may provide a strong catalyst for stocks with cybersecurity capabilities and they are less likely to be involved in the trade tariff regime; we like companies such as LGMS and Cloudpoint. Besides, we see trading opportunities in BNASTRA, given its recent short-term breakout following the acquisition of LF Lansen, which expands its RE-EPCC business segment. For defensive investors, they may focus on the utilities segment and stocks like KJTS, MNHLDG and SCGBHD.
Stocks to watch:
Utility: *KJTS*, *MNHLDG*, PEKAT, *SCGBHD*
O&G: DAYANG, *PGLOBAL*
Construction: BNASTRA, INTA
Technology: *CLOUDPT*
REIT: SUNREIT
Source: M+
Positive Rebound To Sustain
US: Wall Street closed the week on a strong note, buoyed by signs of potential de-escalation of trade war, following a non-formal public announcement, indicating that Beijing could be looking to exempt certain US imports from the 125% retaliatory tariffs, coupled with upbeat earnings from Wall Street. We believe the market will price in the recent development in the trade war, which could provide upside for US equities. Traders will monitor JOLTS, GDP growth, and NFP data this week. In the commodities market, Brent Crude and Gold hovered around USD 65-66/bbl and USD 3,319-3,366, respectively, while CPO prices remained stable at RM 4,057/MT.
MY: As the FBM KLCI reclaimed the 1,500 psychological level last Friday, we expect buying support to sustain in the near term. Meanwhile, given the rising cyber threats recently, we believe this may provide a strong catalyst for stocks with cybersecurity capabilities and they are less likely to be involved in the trade tariff regime; we like companies such as LGMS and Cloudpoint. Besides, we see trading opportunities in BNASTRA, given its recent short-term breakout following the acquisition of LF Lansen, which expands its RE-EPCC business segment. For defensive investors, they may focus on the utilities segment and stocks like KJTS, MNHLDG and SCGBHD.
Stocks to watch:
Utility: *KJTS*, *MNHLDG*, PEKAT, *SCGBHD*
O&G: DAYANG, *PGLOBAL*
Construction: BNASTRA, INTA
Technology: *CLOUDPT*
REIT: SUNREIT
Source: M+
😁3
Good Morning All,
Here’s our IPO note on PEOPLElogy Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We ascribe a fair value of RM0.325 for PEOPLE. Our valuation is derived by applying a forward P/E of 19.0x to the mid-FY26f EPS of 1.71 sen, implying a 30.0% upside to its IPO price of RM0.25. While peers trade at 15.6x, PEOPLElogy's premium is justified by its superior 20.8% net margin (vs. peers' -5.7%), reflecting stronger profitability and operational efficiency.
Investment highlights include:
(i) Positive trend in both private and public training, with earnings set to grow at 11.8%;
(ii) Government initiatives aimed at further driving the sector's growth;
(iii) Sustained margins supported by a low CapEx/OpEx business model.
Please let me know if you have any questions. Have a nice day!
Research Team, M+
28 Apr25
Here’s our IPO note on PEOPLElogy Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We ascribe a fair value of RM0.325 for PEOPLE. Our valuation is derived by applying a forward P/E of 19.0x to the mid-FY26f EPS of 1.71 sen, implying a 30.0% upside to its IPO price of RM0.25. While peers trade at 15.6x, PEOPLElogy's premium is justified by its superior 20.8% net margin (vs. peers' -5.7%), reflecting stronger profitability and operational efficiency.
Investment highlights include:
(i) Positive trend in both private and public training, with earnings set to grow at 11.8%;
(ii) Government initiatives aimed at further driving the sector's growth;
(iii) Sustained margins supported by a low CapEx/OpEx business model.
Please let me know if you have any questions. Have a nice day!
Research Team, M+
28 Apr25
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...
M+ Market Wrap - 28Apr25
FBM KLCI: 1,521.59 pts (+12.39pts, +0.82%)
With the rising expectation towards the potential de-escalation of the trade war, following the less confrontational stance from President Trump towards China, it has lifted the overall sentiment on the local front after reclaiming the 1,500 psychological leve last Friday. The rebound extended today, continuing to lift the local bourse by nearly +3% from its low on 22 April. Market breadth was positive, with winners outpacing losers by 519-to-420 stocks. Glove stocks led the gains in the Health Care sector as Malaysia’s recent ban on the export of non-locally made rubber gloves is expected to benefit local glove manufacturers, while Plantation stocks traded marginally lower.
Top 3 Active stocks:
MYEG (0138): RM0.910 (+0.5 sen)
SNS (0259): RM0.460 (+2.5 sen)
TANCO (2429): RM0.880 (+2.0 sen)
Volume: 2.62 bn (100-bar avg vol: 3.01 bn)
Value: RM1.74 bn (100-bar avg val: RM2.55 bn)
Market Breadth: ⬆️519⬇️420
Crude palm oil: RM3,964 (-RM93)
Dow Futures: 40,214 pts (-40 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,521.59 pts (+12.39pts, +0.82%)
With the rising expectation towards the potential de-escalation of the trade war, following the less confrontational stance from President Trump towards China, it has lifted the overall sentiment on the local front after reclaiming the 1,500 psychological leve last Friday. The rebound extended today, continuing to lift the local bourse by nearly +3% from its low on 22 April. Market breadth was positive, with winners outpacing losers by 519-to-420 stocks. Glove stocks led the gains in the Health Care sector as Malaysia’s recent ban on the export of non-locally made rubber gloves is expected to benefit local glove manufacturers, while Plantation stocks traded marginally lower.
Top 3 Active stocks:
MYEG (0138): RM0.910 (+0.5 sen)
SNS (0259): RM0.460 (+2.5 sen)
TANCO (2429): RM0.880 (+2.0 sen)
Volume: 2.62 bn (100-bar avg vol: 3.01 bn)
Value: RM1.74 bn (100-bar avg val: RM2.55 bn)
Market Breadth: ⬆️519⬇️420
Crude palm oil: RM3,964 (-RM93)
Dow Futures: 40,214 pts (-40 pts)
**Source: Bloomberg, M+**
👍2
M+ Morning Market Buzz - 29Apr25
Dow Jones: 40,227.59 pts (+114.09pts, +0.28%)
⬆️ Resistance: 41300
⬇️ Support: 37800
FBM KLCI: 1,521.59 pts (+12.39pts, +0.82%)
⬆️ Resistance: 1560
⬇️ Support: 1460
HSI Index: 21,971.96 pts (-8.78pts, -0.04%)
⬆️ Resistance: 22800
⬇️ Support: 20800
Crude Palm Oil: RM3,965 (+RM28, +0.71%)
⬆️ Resistance: 4240
⬇️ Support: 3790
Brent Oil: $65.86 (-$1.01, -1.51%)
⬆️ Resistance: 70.10
⬇️ Support: 64.00
Gold: $3,343.98 (-$5.77, -0.17%)
⬆️ Resistance: 3580
⬇️ Support: 3200
Source: Bloomberg, M+
Dow Jones: 40,227.59 pts (+114.09pts, +0.28%)
⬆️ Resistance: 41300
⬇️ Support: 37800
FBM KLCI: 1,521.59 pts (+12.39pts, +0.82%)
⬆️ Resistance: 1560
⬇️ Support: 1460
HSI Index: 21,971.96 pts (-8.78pts, -0.04%)
⬆️ Resistance: 22800
⬇️ Support: 20800
Crude Palm Oil: RM3,965 (+RM28, +0.71%)
⬆️ Resistance: 4240
⬇️ Support: 3790
Brent Oil: $65.86 (-$1.01, -1.51%)
⬆️ Resistance: 70.10
⬇️ Support: 64.00
Gold: $3,343.98 (-$5.77, -0.17%)
⬆️ Resistance: 3580
⬇️ Support: 3200
Source: Bloomberg, M+
👍2
M+ Market Update – 29Apr25
Near-Term Sentiment Remains Steady
US: Wall Street ended marginally higher on Monday as investors digested Treasury Secretary Bessent’s positive comments about progress on trade negotiations with Asian countries, including South Korea, India and Japan, while awaiting earnings reports from mega cap companies this week; Microsoft and Meta are set to report on Wednesday, while Apple and Amazon are scheduled on Thursday. We believe the positive sentiment could sustain on Wall Street’s momentum at least for the near term. Traders will also monitor the JOLTS job openings (Mar) and CB consumer confidence (Apr) later today. In the commodities market, Brent Crude continued to hover around USD 65-66/bbl, while Gold retreated from its all-time-high toward USD 3,344/ oz. Meanwhile, CPO prices are trading below RM 4,000/MT.
MY: Given the rising incidents of cyber threats, we remain positive on cybersecurity stocks like LGMS and Cloudpoint, as we believe market participants will realise the importance of cybersecurity as global digitalisation effort accelerates and we expect software related stocks to be less impacted by the reciprocal trade tariffs. Besides, traders could focus on selected Construction, O&G, Technology, Utility and Glove stocks for the session, as well as WTEC Group Berhad (M+ TP: RM0.56), which will be listed on the ACE Market today.
Stocks to watch:
Construction: BNASTRA, INTA, *SUNCON*
O&G: *KEYFIELD*, *PGLOBAL*
Technology: *NOTION*
Utility: *KJTS*
Glove: *HARTA*, TOPGLOV
Source: M+
Near-Term Sentiment Remains Steady
US: Wall Street ended marginally higher on Monday as investors digested Treasury Secretary Bessent’s positive comments about progress on trade negotiations with Asian countries, including South Korea, India and Japan, while awaiting earnings reports from mega cap companies this week; Microsoft and Meta are set to report on Wednesday, while Apple and Amazon are scheduled on Thursday. We believe the positive sentiment could sustain on Wall Street’s momentum at least for the near term. Traders will also monitor the JOLTS job openings (Mar) and CB consumer confidence (Apr) later today. In the commodities market, Brent Crude continued to hover around USD 65-66/bbl, while Gold retreated from its all-time-high toward USD 3,344/ oz. Meanwhile, CPO prices are trading below RM 4,000/MT.
MY: Given the rising incidents of cyber threats, we remain positive on cybersecurity stocks like LGMS and Cloudpoint, as we believe market participants will realise the importance of cybersecurity as global digitalisation effort accelerates and we expect software related stocks to be less impacted by the reciprocal trade tariffs. Besides, traders could focus on selected Construction, O&G, Technology, Utility and Glove stocks for the session, as well as WTEC Group Berhad (M+ TP: RM0.56), which will be listed on the ACE Market today.
Stocks to watch:
Construction: BNASTRA, INTA, *SUNCON*
O&G: *KEYFIELD*, *PGLOBAL*
Technology: *NOTION*
Utility: *KJTS*
Glove: *HARTA*, TOPGLOV
Source: M+
👍1
Good Morning All,
Here’s our IPO note on Oasis Home Holding Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.42 per share for OHM, representing a 50.0% upside from its IPO price of RM0.28. This valuation is based on a P/E ratio of 18.0x, pegged
to the mid-FY26F EPS of 2.35 sen. While this valuation carries a 7.1-20% premium over the Bursa Malaysia Consumer Products Index—which is trading at an average P/E of 16.8x and a forward P/E of 15.0x—we believe the premium is justified as OHM offers a unique exposure to the live commerce segment, a model that is highly adaptable to changing market conditions.
Investment highlights include:
(i) First live commerce company to be listed on Bursa Malaysia
(ii) Strong online presence
(iii) Wide range of SKU products
(iv) Strong brand equity through in-house product lines
(v) Quality commitment and after-sales support
(vi) Investing in live commerce channel expansion
(vii) Development of a new headquarters
(viii) Establishment of in-house fulfilment centre to reduce operational costs
(ix) E-commerce gaining traction in Southeast Asia
(x) Rising disposable income and population growth to support long-term demand
Research Team, M+
29 Apr 2025
Here’s our IPO note on Oasis Home Holding Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.42 per share for OHM, representing a 50.0% upside from its IPO price of RM0.28. This valuation is based on a P/E ratio of 18.0x, pegged
to the mid-FY26F EPS of 2.35 sen. While this valuation carries a 7.1-20% premium over the Bursa Malaysia Consumer Products Index—which is trading at an average P/E of 16.8x and a forward P/E of 15.0x—we believe the premium is justified as OHM offers a unique exposure to the live commerce segment, a model that is highly adaptable to changing market conditions.
Investment highlights include:
(i) First live commerce company to be listed on Bursa Malaysia
(ii) Strong online presence
(iii) Wide range of SKU products
(iv) Strong brand equity through in-house product lines
(v) Quality commitment and after-sales support
(vi) Investing in live commerce channel expansion
(vii) Development of a new headquarters
(viii) Establishment of in-house fulfilment centre to reduce operational costs
(ix) E-commerce gaining traction in Southeast Asia
(x) Rising disposable income and population growth to support long-term demand
Research Team, M+
29 Apr 2025
Good Morning All,
We issued a technical buy call on Pantech Global Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Unaffected by US tariffs
(ii) Q4 earnings boost from bargain purchase
(iii) First-ever dividend declared
Research Team, M+
29 Apr 2025
We issued a technical buy call on Pantech Global Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Unaffected by US tariffs
(ii) Q4 earnings boost from bargain purchase
(iii) First-ever dividend declared
Research Team, M+
29 Apr 2025
M+ Market Wrap - 29Apr25
FBM KLCI: 1,515.56 pts (-6.03pts, -0.40%)
After experiencing a close to 10% gain since its lowest low on April 9, the FBMKLCI (-0.40%) retreated and closed lower at 1,515.56 pts, as profit-taking emerged in key heavyweights like PMETAL (-11.0 sen) and PETGAS (-42.0 sen). The market breadth was also bearish, with 506 losers outpacing 405 winners. The broader market environment remained soft, with only 4 out of the 13 sectors ending in the positive territory. Healthcare (+0.78%) outperformed, while Telecommunications & Media (-0.81%) declined the most.
Top 3 Active stocks:
VELESTO (5243): RM0.150 (-0.5 sen)
NEXG (5216): RM0.340 (-3.0 sen)
NOTION (0083): RM0.670 (-2.5 sen)
Volume: 3.04 bn (100-bar avg vol: 3.02 bn)
Value: RM1.81 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️405⬇️506
Crude palm oil: RM3,945 (-RM20)
Dow Futures: 40,461 pts (+93 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,515.56 pts (-6.03pts, -0.40%)
After experiencing a close to 10% gain since its lowest low on April 9, the FBMKLCI (-0.40%) retreated and closed lower at 1,515.56 pts, as profit-taking emerged in key heavyweights like PMETAL (-11.0 sen) and PETGAS (-42.0 sen). The market breadth was also bearish, with 506 losers outpacing 405 winners. The broader market environment remained soft, with only 4 out of the 13 sectors ending in the positive territory. Healthcare (+0.78%) outperformed, while Telecommunications & Media (-0.81%) declined the most.
Top 3 Active stocks:
VELESTO (5243): RM0.150 (-0.5 sen)
NEXG (5216): RM0.340 (-3.0 sen)
NOTION (0083): RM0.670 (-2.5 sen)
Volume: 3.04 bn (100-bar avg vol: 3.02 bn)
Value: RM1.81 bn (100-bar avg val: RM2.54 bn)
Market Breadth: ⬆️405⬇️506
Crude palm oil: RM3,945 (-RM20)
Dow Futures: 40,461 pts (+93 pts)
**Source: Bloomberg, M+**
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M+ Morning Market Buzz - 30Apr25
Dow Jones: 40,527.62 pts (+300.03pts, +0.75%)
⬆️ Resistance: 41500
⬇️ Support: 38600
FBM KLCI: 1,515.56 pts (-6.03pts, -0.40%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 22,008.11 pts (+36.15pts, +0.16%)
⬆️ Resistance: 22800
⬇️ Support: 21300
Crude Palm Oil: RM3,943 (-RM55, -1.39%)
⬆️ Resistance: 4240
⬇️ Support: 3850
Brent Oil: $64.25 (-$1.61, -2.44%)
⬆️ Resistance: 70.10
⬇️ Support: 62.70
Gold: $3,317.41 (+$1.74, +0.05%)
⬆️ Resistance: 3460
⬇️ Support: 3200
Source: Bloomberg, M+
Dow Jones: 40,527.62 pts (+300.03pts, +0.75%)
⬆️ Resistance: 41500
⬇️ Support: 38600
FBM KLCI: 1,515.56 pts (-6.03pts, -0.40%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 22,008.11 pts (+36.15pts, +0.16%)
⬆️ Resistance: 22800
⬇️ Support: 21300
Crude Palm Oil: RM3,943 (-RM55, -1.39%)
⬆️ Resistance: 4240
⬇️ Support: 3850
Brent Oil: $64.25 (-$1.61, -2.44%)
⬆️ Resistance: 70.10
⬇️ Support: 62.70
Gold: $3,317.41 (+$1.74, +0.05%)
⬆️ Resistance: 3460
⬇️ Support: 3200
Source: Bloomberg, M+
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M+ Market Update – 30Apr25
Buying Interest Could Spillover
US: Wall Street extended its gains, driven by falling Treasury yields and the White House’s easing tariff rhetoric, including a planned rollback of 25% car-related tariffs. Also, Commerce Secretary Lutnick mentioned that the Trump administration has reached its first trade deal, which could fuel further upward momentum. Traders will monitor the US Q1 GDP and China’s April manufacturing PMI today. In the commodities market, Brent Crude retreated below USD65/bbl, while Gold continued to hover above USD3,300/ oz. Meanwhile, CPO prices continued to trade below RM4,000/MT.
MY: In view of the positive Wall Street performance, we remain optimistic that buying momentum may persist, though the upside could be capped due to the Labour Day public holiday. We observed certain technology counters forming rounding bottom formation such as SNS, DUFU, and Vitrox. Besides, solar-related counters are in the uptrend, presenting trading opportunities for longer term growth under the NETR masterplan. Lastly, investors may consider MYEG, which has partnered with MIMOS to launch the Malaysia Blockchain Infrastructure (MBI), aimed at driving blockchain innovation and digital asset integration across industries.
Stocks to watch:
Utility: *KJTS*, *PEKAT*, SCGBHD
Construction: INTA, SSB8, *SUNCON*
Consumer: *KOPI*
Healthcare: *KPJ*
Source: M+
Buying Interest Could Spillover
US: Wall Street extended its gains, driven by falling Treasury yields and the White House’s easing tariff rhetoric, including a planned rollback of 25% car-related tariffs. Also, Commerce Secretary Lutnick mentioned that the Trump administration has reached its first trade deal, which could fuel further upward momentum. Traders will monitor the US Q1 GDP and China’s April manufacturing PMI today. In the commodities market, Brent Crude retreated below USD65/bbl, while Gold continued to hover above USD3,300/ oz. Meanwhile, CPO prices continued to trade below RM4,000/MT.
MY: In view of the positive Wall Street performance, we remain optimistic that buying momentum may persist, though the upside could be capped due to the Labour Day public holiday. We observed certain technology counters forming rounding bottom formation such as SNS, DUFU, and Vitrox. Besides, solar-related counters are in the uptrend, presenting trading opportunities for longer term growth under the NETR masterplan. Lastly, investors may consider MYEG, which has partnered with MIMOS to launch the Malaysia Blockchain Infrastructure (MBI), aimed at driving blockchain innovation and digital asset integration across industries.
Stocks to watch:
Utility: *KJTS*, *PEKAT*, SCGBHD
Construction: INTA, SSB8, *SUNCON*
Consumer: *KOPI*
Healthcare: *KPJ*
Source: M+
👍4
M+ Market Wrap - 30Apr25
FBM KLCI: 1,540.22 pts (+24.66pts, +1.63%)
Mirroring the upbeat regional markets' performance, the FBMKLCI (+1.63%) snapped its one-day loss and closed higher at 1,540.22 pts, led by the rebounds in PCHEM (+20.0 sen) and PETGAS (+68.0 sen). The market breadth turned positive, with 559 winners against 364 losers. In the broader market, the Construction (+2.20%) sector outperformed, buoyed by gains in GAMUDA (+19.0 sen) and IJM (+3.0 sen), while Telecommunications & Media (-0.85%) declined the most.
Top 3 Active stocks:
NATGATE (0270): RM1.360 (+8.0 sen)
MYEG (0138): RM0.895 (-0.5 sen)
VELESTO (5243): RM0.155 (+0.5 sen)
Volume: 2.57 bn (100-bar avg vol: 3.01 bn)
Value: RM2.25 bn (100-bar avg val: RM2.53 bn)
Market Breadth: ⬆️559⬇️364
Crude palm oil: RM3,901 (-RM42)
Dow Futures: 40,639 pts (-19 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,540.22 pts (+24.66pts, +1.63%)
Mirroring the upbeat regional markets' performance, the FBMKLCI (+1.63%) snapped its one-day loss and closed higher at 1,540.22 pts, led by the rebounds in PCHEM (+20.0 sen) and PETGAS (+68.0 sen). The market breadth turned positive, with 559 winners against 364 losers. In the broader market, the Construction (+2.20%) sector outperformed, buoyed by gains in GAMUDA (+19.0 sen) and IJM (+3.0 sen), while Telecommunications & Media (-0.85%) declined the most.
Top 3 Active stocks:
NATGATE (0270): RM1.360 (+8.0 sen)
MYEG (0138): RM0.895 (-0.5 sen)
VELESTO (5243): RM0.155 (+0.5 sen)
Volume: 2.57 bn (100-bar avg vol: 3.01 bn)
Value: RM2.25 bn (100-bar avg val: RM2.53 bn)
Market Breadth: ⬆️559⬇️364
Crude palm oil: RM3,901 (-RM42)
Dow Futures: 40,639 pts (-19 pts)
**Source: Bloomberg, M+**
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M+ Morning Market Buzz - 2May25
Dow Jones: 40,752.96 pts (+83.60pts, +0.21%)
⬆️ Resistance: 42000
⬇️ Support: 39000
FBM KLCI: 1,540.22 pts (+24.66pts, +1.63%)
⬆️ Resistance: 1580
⬇️ Support: 1480
HSI Index: 22,119.41 pts (+111.30pts, +0.51%)
⬆️ Resistance: 22800
⬇️ Support: 21400
Crude Palm Oil: RM3,911 (-RM32, -0.81%)
⬆️ Resistance: 4240
⬇️ Support: 3810
Brent Oil: $62.13 (+$1.07, +1.75%)
⬆️ Resistance: 69.00
⬇️ Support: 58.20
Gold: $3,239.20 (-$4.40, -0.14%)
⬆️ Resistance: 3440
⬇️ Support: 3140
Source: Bloomberg, M+
Dow Jones: 40,752.96 pts (+83.60pts, +0.21%)
⬆️ Resistance: 42000
⬇️ Support: 39000
FBM KLCI: 1,540.22 pts (+24.66pts, +1.63%)
⬆️ Resistance: 1580
⬇️ Support: 1480
HSI Index: 22,119.41 pts (+111.30pts, +0.51%)
⬆️ Resistance: 22800
⬇️ Support: 21400
Crude Palm Oil: RM3,911 (-RM32, -0.81%)
⬆️ Resistance: 4240
⬇️ Support: 3810
Brent Oil: $62.13 (+$1.07, +1.75%)
⬆️ Resistance: 69.00
⬇️ Support: 58.20
Gold: $3,239.20 (-$4.40, -0.14%)
⬆️ Resistance: 3440
⬇️ Support: 3140
Source: Bloomberg, M+
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