M+ Market Update – 02May25
Sustained Buying Interest In Foreign Funds
US: Wall Street extended its gains on Thursday, driven by strong earnings from Microsoft and Meta, which reinforced investor confidence in sustained AI-driven growth. Microsoft surged over 7% on stronger cloud guidance, while Meta rose more than 4% after raising its 2025 CapEx outlook to support AI investments. However, the Wall Street futures are lower, digesting earnings from Apple and Amazon. On the economic front, traders will turn their attention to April’s nonfarm payroll and unemployment rate data due later today. In the commodities market, Brent crude declined further toward USD 62/bbl, while gold prices also retreated below USD 3,300/oz. Meanwhile, CPO prices continued to trade below RM 4,000/MT.
MY: The local index maintained its upward momentum and is poised for further gains in the near term supported by six continuous trading days of foreign fund inflows. Meanwhile, with the government removing 50% of its egg subsidy, and a full removal scheduled by 1st August 2025, is expected to boost profitability for poultry producers. Breakouts have been observed in several egg-related counters, including TEOSENG, PWF, LAYHONG and CAB, presenting trading opportunities. Lastly, ReachTen Holdings Berhad (M+ TP: RM0.71), a leading Sarawak-based telco service provider, will be listed on the Main Market today.
Stocks to watch:
Consumer: DXN, LAYHONG, *TEOSENG*
Utility: KJTS, PEKAT, *SCGBHD*
O&G: *PGLOBAL*
Construction: *GAMUDA*
Technology: *NATGATE*
Healthcare: KPJ
Source: M+
Sustained Buying Interest In Foreign Funds
US: Wall Street extended its gains on Thursday, driven by strong earnings from Microsoft and Meta, which reinforced investor confidence in sustained AI-driven growth. Microsoft surged over 7% on stronger cloud guidance, while Meta rose more than 4% after raising its 2025 CapEx outlook to support AI investments. However, the Wall Street futures are lower, digesting earnings from Apple and Amazon. On the economic front, traders will turn their attention to April’s nonfarm payroll and unemployment rate data due later today. In the commodities market, Brent crude declined further toward USD 62/bbl, while gold prices also retreated below USD 3,300/oz. Meanwhile, CPO prices continued to trade below RM 4,000/MT.
MY: The local index maintained its upward momentum and is poised for further gains in the near term supported by six continuous trading days of foreign fund inflows. Meanwhile, with the government removing 50% of its egg subsidy, and a full removal scheduled by 1st August 2025, is expected to boost profitability for poultry producers. Breakouts have been observed in several egg-related counters, including TEOSENG, PWF, LAYHONG and CAB, presenting trading opportunities. Lastly, ReachTen Holdings Berhad (M+ TP: RM0.71), a leading Sarawak-based telco service provider, will be listed on the Main Market today.
Stocks to watch:
Consumer: DXN, LAYHONG, *TEOSENG*
Utility: KJTS, PEKAT, *SCGBHD*
O&G: *PGLOBAL*
Construction: *GAMUDA*
Technology: *NATGATE*
Healthcare: KPJ
Source: M+
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Good Morning All,
We issued a technical buy call on EZCORP, Inc. : Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Expansion plan in tandem with growing demand
(ii) To benefit from cashless payment upcycle
(iii) To stay resilient
Research Team, M+
2 May 2025
We issued a technical buy call on EZCORP, Inc. : Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Expansion plan in tandem with growing demand
(ii) To benefit from cashless payment upcycle
(iii) To stay resilient
Research Team, M+
2 May 2025
Mplusonline
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M+ Market Wrap - 2May25
FBM KLCI: 1,542.49 pts (+2.27pts, +0.15%)
Following the return of foreign funds, the FBMKLCI (+0.15%) continued to gain momentum and charged higher toward 1542.49 pts, with heavyweights like SUNWAY (+24.0 sen) and IHH (+13.0 sen) lifting the key index today. For the bond market, MARC Ratings Berhad data showed that foreign investors returned to Malaysian bonds with RM2.8bn inflows in April 2025. The market breadth remained positive, with 744 winners outpacing 310 losers. In the broader market, all the sectors closed in the positive territory, with Technology (+3.57%) gaining the most.
Top 3 Active stocks:
REACHTEN (5332): RM0.540 (+2.0 sen)
NATGATE (0270): RM1.520 (+16.0 sen)
JAKS (4723): RM0.120 (+2.5 sen)
Volume: 2.74 bn (100-bar avg vol: 3.01 bn)
Value: RM2.46 bn (100-bar avg val: RM2.52 bn)
Market Breadth: ⬆️744⬇️310
Crude palm oil: RM3,856 (-RM55)
Dow Futures: 41,024 pts (+169 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,542.49 pts (+2.27pts, +0.15%)
Following the return of foreign funds, the FBMKLCI (+0.15%) continued to gain momentum and charged higher toward 1542.49 pts, with heavyweights like SUNWAY (+24.0 sen) and IHH (+13.0 sen) lifting the key index today. For the bond market, MARC Ratings Berhad data showed that foreign investors returned to Malaysian bonds with RM2.8bn inflows in April 2025. The market breadth remained positive, with 744 winners outpacing 310 losers. In the broader market, all the sectors closed in the positive territory, with Technology (+3.57%) gaining the most.
Top 3 Active stocks:
REACHTEN (5332): RM0.540 (+2.0 sen)
NATGATE (0270): RM1.520 (+16.0 sen)
JAKS (4723): RM0.120 (+2.5 sen)
Volume: 2.74 bn (100-bar avg vol: 3.01 bn)
Value: RM2.46 bn (100-bar avg val: RM2.52 bn)
Market Breadth: ⬆️744⬇️310
Crude palm oil: RM3,856 (-RM55)
Dow Futures: 41,024 pts (+169 pts)
**Source: Bloomberg, M+**
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M+ Market Update – 05May25
Foreign Funds To Support Rebound
US: Friday’s session saw Wall Street extended its winning streak, fuelled by stronger-than-expected jobs data, robust earnings and positive guidance from Technology stock. This week, traders will be focused on the Federal Reserve’s FOMC meeting and several quarterly earnings reports from Ford, Walt Disney, AMD, and Palantir will continue to roll in. Given the recent rebound, we believe the market could see some profit taking activity. In the commodities market, Brent crude hovered around USD 61–62/bbl, while gold prices retreated below USD 3,300/oz. Meanwhile, CPO prices continued to trade below RM 3,900/MT.
MY: With seven consecutive sessions of foreign fund inflows, we opine that Technology stocks to be the main beneficiaries, as the sector largely depends on FDI and was heavily sold down in April. Also, with the government’s decision to halve the egg subsidy—prior to its full removal by 1st August 2025—we expect it to benefit egg players like TEOSENG, PWF and CAB as they have experienced breakouts after the news and signalling potential trading opportunities. Lastly, we view ReachTen to be undervalued despite rising on the listing day, supported by its strong recurring revenue and optimistic in its expansion plans.
Stocks to watch:
Construction: GAMUDA, INTA, *SUNCON*
Utility: *KJTS*, *MNHLDG*
Technology: *CLOUDPT*, *ITMAX*
Property: SUNWAY
Plantation: JTIASA
Telco: TIMECOM
Source: M+
Foreign Funds To Support Rebound
US: Friday’s session saw Wall Street extended its winning streak, fuelled by stronger-than-expected jobs data, robust earnings and positive guidance from Technology stock. This week, traders will be focused on the Federal Reserve’s FOMC meeting and several quarterly earnings reports from Ford, Walt Disney, AMD, and Palantir will continue to roll in. Given the recent rebound, we believe the market could see some profit taking activity. In the commodities market, Brent crude hovered around USD 61–62/bbl, while gold prices retreated below USD 3,300/oz. Meanwhile, CPO prices continued to trade below RM 3,900/MT.
MY: With seven consecutive sessions of foreign fund inflows, we opine that Technology stocks to be the main beneficiaries, as the sector largely depends on FDI and was heavily sold down in April. Also, with the government’s decision to halve the egg subsidy—prior to its full removal by 1st August 2025—we expect it to benefit egg players like TEOSENG, PWF and CAB as they have experienced breakouts after the news and signalling potential trading opportunities. Lastly, we view ReachTen to be undervalued despite rising on the listing day, supported by its strong recurring revenue and optimistic in its expansion plans.
Stocks to watch:
Construction: GAMUDA, INTA, *SUNCON*
Utility: *KJTS*, *MNHLDG*
Technology: *CLOUDPT*, *ITMAX*
Property: SUNWAY
Plantation: JTIASA
Telco: TIMECOM
Source: M+
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M+ Market Wrap - 5May25
FBM KLCI: 1,539.54 pts (-2.95pts, -0.19%)
While Wall Street was upbeat on stronger-than-anticipated jobs data last week, the local bourse began the week on a softer tone, with losses in the Telcos & Media sector dampening the sentiment. Market breadth was negative, with losers outpacing gainers by 604-to-358 stocks. Banking (+0.19%) outperformed, led by gains in PBBANK (+4.0 sen) and RHBBANK (+9.0 sen), while Technology (-2.02%) was the worst performer after the recent rebound due to stronger ringgit movement.
Top 3 Active stocks:
WESTRVR (0353): RM0.370 (unch)
SFPTECH (0251): RM0.235 (+1.5 sen)
NATGATE (0270): RM1.470 (-0.5 sen)
Volume: 2.34 bn (100-bar avg vol: 3.00 bn)
Value: RM2.08 bn (100-bar avg val: RM2.52 bn)
Market Breadth: ⬆️358⬇️604
Crude palm oil: RM3,805 (-RM76)
Dow Futures: 41,133 pts (-294 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,539.54 pts (-2.95pts, -0.19%)
While Wall Street was upbeat on stronger-than-anticipated jobs data last week, the local bourse began the week on a softer tone, with losses in the Telcos & Media sector dampening the sentiment. Market breadth was negative, with losers outpacing gainers by 604-to-358 stocks. Banking (+0.19%) outperformed, led by gains in PBBANK (+4.0 sen) and RHBBANK (+9.0 sen), while Technology (-2.02%) was the worst performer after the recent rebound due to stronger ringgit movement.
Top 3 Active stocks:
WESTRVR (0353): RM0.370 (unch)
SFPTECH (0251): RM0.235 (+1.5 sen)
NATGATE (0270): RM1.470 (-0.5 sen)
Volume: 2.34 bn (100-bar avg vol: 3.00 bn)
Value: RM2.08 bn (100-bar avg val: RM2.52 bn)
Market Breadth: ⬆️358⬇️604
Crude palm oil: RM3,805 (-RM76)
Dow Futures: 41,133 pts (-294 pts)
**Source: Bloomberg, M+**
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M+ Market Update – 06May25
Market Rally Takes a Breather
US: Wall Street snapped its winning streak as the reverberations of President Trump’s trade war jolted the greenback and threatened to disrupt currency markets. This week, traders will focus on the Federal Reserve’s FOMC meeting, alongside quarterly earnings from Walt Disney, AMD, and Palantir. While Ford beat estimates, its outlook remains uncertain as management suspended forward guidance. In the commodities market, Brent crude retreated below USD60/bbl before rebounding above the key level as OPEC+ prepares to increase output, while gold prices surged toward USD3,332/oz. CPO prices traded lower around RM 3,800/MT.
MY: Although overall sentiment on the Bursa may turn softer today, we expect buying opportunities to be seen within banking stocks as the Finance Index has risen c.10% from its April 9 low. Alliance Bank and Ambank could be in focus, as they have lagged behind peers despite healthy dividend yields. Meanwhile, following continuous contract wins in Johor—and with prospects of replicating this success in Penang—we believe there is a trading opportunity on ITMAX amid a downtrend line breakout. For a more conservative play, we remain positive on KPJ, as the company has minimal exposure to US tariff risks, while its solid management and brownfield expansion should provide further price support.
Stocks to watch:
Technology: *ADB*, *ITMAX*, *RAMSSOL*
Financial: *KENANGA*, RHBBANK
Consumer: *DXN*
Building Material: PMETAL
Plantation: INNO
Source: M+
Market Rally Takes a Breather
US: Wall Street snapped its winning streak as the reverberations of President Trump’s trade war jolted the greenback and threatened to disrupt currency markets. This week, traders will focus on the Federal Reserve’s FOMC meeting, alongside quarterly earnings from Walt Disney, AMD, and Palantir. While Ford beat estimates, its outlook remains uncertain as management suspended forward guidance. In the commodities market, Brent crude retreated below USD60/bbl before rebounding above the key level as OPEC+ prepares to increase output, while gold prices surged toward USD3,332/oz. CPO prices traded lower around RM 3,800/MT.
MY: Although overall sentiment on the Bursa may turn softer today, we expect buying opportunities to be seen within banking stocks as the Finance Index has risen c.10% from its April 9 low. Alliance Bank and Ambank could be in focus, as they have lagged behind peers despite healthy dividend yields. Meanwhile, following continuous contract wins in Johor—and with prospects of replicating this success in Penang—we believe there is a trading opportunity on ITMAX amid a downtrend line breakout. For a more conservative play, we remain positive on KPJ, as the company has minimal exposure to US tariff risks, while its solid management and brownfield expansion should provide further price support.
Stocks to watch:
Technology: *ADB*, *ITMAX*, *RAMSSOL*
Financial: *KENANGA*, RHBBANK
Consumer: *DXN*
Building Material: PMETAL
Plantation: INNO
Source: M+
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Good Morning All,
Here’s our IPO note on ECO-Shop Marketing Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We ascribe a fair value of RM1.40 for Eco-Shop. Our fair value is derived by pegging a forward P/E of 35.0x to the FY26f EPS of 3.99 sen, implying a 15.7% upside from its IPO price of RM1.21. We believe the assigned P/E of 35.0x is justified, as the average P/E and forward P/E of its closest peers range between 25.5-39.4x. The valuation also reflects Eco-Shop’s strong business moat, evidenced by its SSSG performance.
Investment highlights include:
(i) A leading dollar store retailer
(ii) Rapid outlet expansion, new ~350 stores over the next five years
(iii) Same Store Sales Growth (SSSG) trending positively
(iv) Self-reinforcing moat
Research Team, M+
6 May 2025
Here’s our IPO note on ECO-Shop Marketing Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We ascribe a fair value of RM1.40 for Eco-Shop. Our fair value is derived by pegging a forward P/E of 35.0x to the FY26f EPS of 3.99 sen, implying a 15.7% upside from its IPO price of RM1.21. We believe the assigned P/E of 35.0x is justified, as the average P/E and forward P/E of its closest peers range between 25.5-39.4x. The valuation also reflects Eco-Shop’s strong business moat, evidenced by its SSSG performance.
Investment highlights include:
(i) A leading dollar store retailer
(ii) Rapid outlet expansion, new ~350 stores over the next five years
(iii) Same Store Sales Growth (SSSG) trending positively
(iv) Self-reinforcing moat
Research Team, M+
6 May 2025
Good Morning All,
Here’s our technical buy report on ITMAX System Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
After forming a bullish engulfing pattern at the 3.63 support, the stock broke out of a triangle pattern on healthy volume, signalling bullish momentum—poised to test the immediate resistance at RM4.10, with our target profit at RM4.18. A drop below 3.55 would negate the breakout and suggest further downside move.
Trading catalyst include:
(i) A continuous contract wins Johot
(ii) Growing recurring income base
(iii) To reflect its Johor success in Penang
Research Team, M+
6 May 2025
Here’s our technical buy report on ITMAX System Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
After forming a bullish engulfing pattern at the 3.63 support, the stock broke out of a triangle pattern on healthy volume, signalling bullish momentum—poised to test the immediate resistance at RM4.10, with our target profit at RM4.18. A drop below 3.55 would negate the breakout and suggest further downside move.
Trading catalyst include:
(i) A continuous contract wins Johot
(ii) Growing recurring income base
(iii) To reflect its Johor success in Penang
Research Team, M+
6 May 2025
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M+ Morning Market Buzz - 6May25
Dow Jones: 41,218.83 pts (-98.60pts, -0.24%)
⬆️ Resistance: 42300
⬇️ Support: 39000
FBM KLCI: 1,539.54 pts (-5.15pts, -0.33%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 22,504.68 pts (+178.49pts, +0.79%)
⬆️ Resistance: 23000
⬇️ Support: 21500
Crude Palm Oil: RM3,827 (+RM6, +0.16%)
⬆️ Resistance: 4080
⬇️ Support: 3690
Brent Oil: $60.23 (+$0.90, +1.49%)
⬆️ Resistance: 67.20
⬇️ Support: 57.40
Gold: $3,334.12 (+$26.99, +0.81%)
⬆️ Resistance: 3420
⬇️ Support: 3140
Source: Bloomberg, M+
Dow Jones: 41,218.83 pts (-98.60pts, -0.24%)
⬆️ Resistance: 42300
⬇️ Support: 39000
FBM KLCI: 1,539.54 pts (-5.15pts, -0.33%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 22,504.68 pts (+178.49pts, +0.79%)
⬆️ Resistance: 23000
⬇️ Support: 21500
Crude Palm Oil: RM3,827 (+RM6, +0.16%)
⬆️ Resistance: 4080
⬇️ Support: 3690
Brent Oil: $60.23 (+$0.90, +1.49%)
⬆️ Resistance: 67.20
⬇️ Support: 57.40
Gold: $3,334.12 (+$26.99, +0.81%)
⬆️ Resistance: 3420
⬇️ Support: 3140
Source: Bloomberg, M+
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M+ Market Wrap - 6May25
FBM KLCI: 1,536.80 pts (-2.74pts, -0.18%)
Tuesday’s session saw the local bourse trade in the negative territory, weighed down by analysts’ conservative stance on Banking stocks—amid lower GDP growth estimates and uncertainties surrounding Trump’s protectionist trade policies, which the market is speculating that BNM to cut rates. Risk-off sentiment persisted, with losers outpacing gainers at 540-to-367 stocks. Consumer Products & Services +0.54% stocks saw modest gains, led by MRDIY (+7.0 sen) and NESTLE (+200.0 sen) while Healthcare -0.94% sectors underperformed.
Top 3 Active stocks:
REACHTEN (5332): RM0.560 (+2.5 sen)
PERMAJU (7080): RM0.035 (+0.5 sen)
MRDIY (5296): RM1.740 (+7.0 sen)
Volume: 2.79 bn (100-bar avg vol: 2.99 bn)
Value: RM1.88 bn (100-bar avg val: RM2.51 bn)
Market Breadth: ⬆️367⬇️540
Crude palm oil: RM3,806 (-RM21)
Dow Futures: 41,089 pts (-230 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,536.80 pts (-2.74pts, -0.18%)
Tuesday’s session saw the local bourse trade in the negative territory, weighed down by analysts’ conservative stance on Banking stocks—amid lower GDP growth estimates and uncertainties surrounding Trump’s protectionist trade policies, which the market is speculating that BNM to cut rates. Risk-off sentiment persisted, with losers outpacing gainers at 540-to-367 stocks. Consumer Products & Services +0.54% stocks saw modest gains, led by MRDIY (+7.0 sen) and NESTLE (+200.0 sen) while Healthcare -0.94% sectors underperformed.
Top 3 Active stocks:
REACHTEN (5332): RM0.560 (+2.5 sen)
PERMAJU (7080): RM0.035 (+0.5 sen)
MRDIY (5296): RM1.740 (+7.0 sen)
Volume: 2.79 bn (100-bar avg vol: 2.99 bn)
Value: RM1.88 bn (100-bar avg val: RM2.51 bn)
Market Breadth: ⬆️367⬇️540
Crude palm oil: RM3,806 (-RM21)
Dow Futures: 41,089 pts (-230 pts)
**Source: Bloomberg, M+**
M+ Morning Market Buzz - 7May25
Dow Jones: 40,829.00 pts (-389.83pts, -0.95%)
⬆️ Resistance: 42300
⬇️ Support: 39000
FBM KLCI: 1,536.80 pts (-2.74pts, -0.18%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 22,662.71 pts (+158.03pts, +0.70%)
⬆️ Resistance: 23300
⬇️ Support: 21500
Crude Palm Oil: RM3,792 (-RM43, -1.13%)
⬆️ Resistance: 4050
⬇️ Support: 3690
Brent Oil: $62.15 (+$1.92, +3.19%)
⬆️ Resistance: 65.70
⬇️ Support: 57.40
Gold: $3,431.77 (-$34.89, -1.02%)
⬆️ Resistance: 3510
⬇️ Support: 3140
Source: Bloomberg, M+
Dow Jones: 40,829.00 pts (-389.83pts, -0.95%)
⬆️ Resistance: 42300
⬇️ Support: 39000
FBM KLCI: 1,536.80 pts (-2.74pts, -0.18%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 22,662.71 pts (+158.03pts, +0.70%)
⬆️ Resistance: 23300
⬇️ Support: 21500
Crude Palm Oil: RM3,792 (-RM43, -1.13%)
⬆️ Resistance: 4050
⬇️ Support: 3690
Brent Oil: $62.15 (+$1.92, +3.19%)
⬆️ Resistance: 65.70
⬇️ Support: 57.40
Gold: $3,431.77 (-$34.89, -1.02%)
⬆️ Resistance: 3510
⬇️ Support: 3140
Source: Bloomberg, M+
M+ Market Update – 06May25
US and China To Hold Trade Talks
US: Risk-off sentiment persisted on Wall Street ahead of the FOMC meeting, with stocks declining and bond prices rising, as President Trump’s remarks on tariffs did little to ease concerns that his policies could weigh on the global economy. However, we saw a glimpse of hope emerged as Wall Street future rose after US government spokespeople announced that top trade representatives would meet their Chinese counterparts, Vice Premier He in Switzerland. In the commodities market, both Brent crude and gold edged higher, trading near USD61/bbl and USD3,379/oz respectively. CPO prices remained subdued, staying below RM 3,800/MT.
MY: Although overall market conditions may stay soft pending outcome of trade talks, we believe traders could focus on defensive sector like Consumer Products & Services—particularly companies like MRDIY, 99SMART and ECOSHOP (IPO closing today at 5pm)—which have large SKU bases that may benefit from margin improvements amid lower import costs. Meanwhile, with ongoing contract wins in Johor and the potential momentum in Penang, we see a trading opportunity in ITMAX following tis breakout, supported by healthy volumes. Lastly, beside its high recurring income base (~90% of topline) and robust margins, we see accumulation opportunities in ReachTen, which we believe remains undervalued.
Stocks to watch:
Construction: *INTA*, SCGBHD, *SUNCON*
Consumer: HUPSENG, *PWF*
Technology: *RAMSSOL*
Gold: *POHKONG*
Telco: TIMECOM
Source: M+
US and China To Hold Trade Talks
US: Risk-off sentiment persisted on Wall Street ahead of the FOMC meeting, with stocks declining and bond prices rising, as President Trump’s remarks on tariffs did little to ease concerns that his policies could weigh on the global economy. However, we saw a glimpse of hope emerged as Wall Street future rose after US government spokespeople announced that top trade representatives would meet their Chinese counterparts, Vice Premier He in Switzerland. In the commodities market, both Brent crude and gold edged higher, trading near USD61/bbl and USD3,379/oz respectively. CPO prices remained subdued, staying below RM 3,800/MT.
MY: Although overall market conditions may stay soft pending outcome of trade talks, we believe traders could focus on defensive sector like Consumer Products & Services—particularly companies like MRDIY, 99SMART and ECOSHOP (IPO closing today at 5pm)—which have large SKU bases that may benefit from margin improvements amid lower import costs. Meanwhile, with ongoing contract wins in Johor and the potential momentum in Penang, we see a trading opportunity in ITMAX following tis breakout, supported by healthy volumes. Lastly, beside its high recurring income base (~90% of topline) and robust margins, we see accumulation opportunities in ReachTen, which we believe remains undervalued.
Stocks to watch:
Construction: *INTA*, SCGBHD, *SUNCON*
Consumer: HUPSENG, *PWF*
Technology: *RAMSSOL*
Gold: *POHKONG*
Telco: TIMECOM
Source: M+
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FBM KLCI: 1,549.90 pts (+13.10pts, +0.85%)
Wednesday’s session saw the local bourse rise by +0.85%, lifted by Consumer Products & Services sentiment—driven by analysts’ upgrade on MRDIY’s outlook, which followed the Ringgit’s ~6% appreciation since the April 9 low, a likely catalyst would be pricing in lower input costs. Market breadth tilted positive, with Winners outpacing Losers at 595-to-378 stocks. All sectors edged higher, with Construction +2.31% outperformed, led by GAMUDA (+17.0 sen) and SUNCON (+9.0 sen).
Top 3 Active stocks:
SAPNRG (5218): RM0.045 (+0.5 sen)
WTEC (0352): RM0.240 (-1.5 sen)
TANCO 92429): RM0.900 (+1.5 sen)
Volume: 2.84 bn (100-bar avg vol: 2.98 bn)
Value: RM2.43 bn (100-bar avg val: RM2.49 bn)
Market Breadth: ⬆️595⬇️378
Crude palm oil: RM3,751 (-RM41)
Dow Futures: 41,142 pts (+224 pts)
**Source: Bloomberg, M+**
Wednesday’s session saw the local bourse rise by +0.85%, lifted by Consumer Products & Services sentiment—driven by analysts’ upgrade on MRDIY’s outlook, which followed the Ringgit’s ~6% appreciation since the April 9 low, a likely catalyst would be pricing in lower input costs. Market breadth tilted positive, with Winners outpacing Losers at 595-to-378 stocks. All sectors edged higher, with Construction +2.31% outperformed, led by GAMUDA (+17.0 sen) and SUNCON (+9.0 sen).
Top 3 Active stocks:
SAPNRG (5218): RM0.045 (+0.5 sen)
WTEC (0352): RM0.240 (-1.5 sen)
TANCO 92429): RM0.900 (+1.5 sen)
Volume: 2.84 bn (100-bar avg vol: 2.98 bn)
Value: RM2.43 bn (100-bar avg val: RM2.49 bn)
Market Breadth: ⬆️595⬇️378
Crude palm oil: RM3,751 (-RM41)
Dow Futures: 41,142 pts (+224 pts)
**Source: Bloomberg, M+**
Good Evening All,
We issued a technical buy call on Meta Platforms Inc: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Strong Q1 performance
(ii) More users & better ads performance
(iii) Breakthroughs in AI model
Research Team, M+
7 May 2025
We issued a technical buy call on Meta Platforms Inc: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Strong Q1 performance
(ii) More users & better ads performance
(iii) Breakthroughs in AI model
Research Team, M+
7 May 2025
👍3
M+ Morning Market Buzz - 8May25
Dow Jones: 41,113.97 pts (+284.97pts, +0.70%)
⬆️ Resistance: 42300
⬇️ Support: 39900
FBM KLCI: 1,549.90 pts (+13.10pts, +0.85%)
⬆️ Resistance: 1590
⬇️ Support: 1510
HSI Index: 22,691.88 pts (+29.17pts, +0.13%)
⬆️ Resistance: 23700
⬇️ Support: 21700
Crude Palm Oil: RM3,728 (-RM10, -0.27%)
⬆️ Resistance: 4050
⬇️ Support: 3650
Brent Oil: $61.12 (-$1.03, -1.66%)
⬆️ Resistance: 64.60
⬇️ Support: 57.40
Gold: $3,364.50 (+$4.52, +0.13%)
⬆️ Resistance: 3510
⬇️ Support: 3140
Source: Bloomberg, M+
Dow Jones: 41,113.97 pts (+284.97pts, +0.70%)
⬆️ Resistance: 42300
⬇️ Support: 39900
FBM KLCI: 1,549.90 pts (+13.10pts, +0.85%)
⬆️ Resistance: 1590
⬇️ Support: 1510
HSI Index: 22,691.88 pts (+29.17pts, +0.13%)
⬆️ Resistance: 23700
⬇️ Support: 21700
Crude Palm Oil: RM3,728 (-RM10, -0.27%)
⬆️ Resistance: 4050
⬇️ Support: 3650
Brent Oil: $61.12 (-$1.03, -1.66%)
⬆️ Resistance: 64.60
⬇️ Support: 57.40
Gold: $3,364.50 (+$4.52, +0.13%)
⬆️ Resistance: 3510
⬇️ Support: 3140
Source: Bloomberg, M+
👍2
M+ Market Update – 08May25
AI Theme Could Regain Momentum
US: Wall Street ended mostly higher, with the Greenback rising and treasury yield falling, despite Jerome Powell addressed ongoing concerns about slowing economic growth and sticky inflation amid rising trade tensions. Traders will closely monitor China’s CPI and PPI data, while focusing on the recent development in trade policies to position themselves strategically. We expect the AI theme to regain momentum following the Trump administration’s plans to revise a set of chip trade restrictions called the “AI diffusion” rule. In commodities, both Brent crude and gold edged lower, nearing USD60/bbl and USD3,375/oz respectively. Meanwhile, CPO prices continued to trade below RM3,800/MT.
MY: Following strong earnings releases from MRDIY and the ringgit’s appreciation over 6% since its April 9 low, we see trading opportunities in Consumer Products & Services heavyweights—a defensive play—with key focus on MRDIY, 99SMART and ECOSHOP (upcoming IPO). Given the Nvidia’s positive moves amid potential revision to chip trade restrictions, buying interest should return locally, particularly in the Technology sector. Lastly, we favour ReachTen for its recurring income base (~90% of topline) and decent margins.
Stocks to watch:
Technology: *ITMAX*, KGB
Consumer: MSM, *TEOSENG*
Construction: *GAMUDA*
O&G: *HAWK*
Healthcare: *KPJ*
Finance: RHBBANK
Utility: KJTS
Property: CRESNDO
Source: M+
AI Theme Could Regain Momentum
US: Wall Street ended mostly higher, with the Greenback rising and treasury yield falling, despite Jerome Powell addressed ongoing concerns about slowing economic growth and sticky inflation amid rising trade tensions. Traders will closely monitor China’s CPI and PPI data, while focusing on the recent development in trade policies to position themselves strategically. We expect the AI theme to regain momentum following the Trump administration’s plans to revise a set of chip trade restrictions called the “AI diffusion” rule. In commodities, both Brent crude and gold edged lower, nearing USD60/bbl and USD3,375/oz respectively. Meanwhile, CPO prices continued to trade below RM3,800/MT.
MY: Following strong earnings releases from MRDIY and the ringgit’s appreciation over 6% since its April 9 low, we see trading opportunities in Consumer Products & Services heavyweights—a defensive play—with key focus on MRDIY, 99SMART and ECOSHOP (upcoming IPO). Given the Nvidia’s positive moves amid potential revision to chip trade restrictions, buying interest should return locally, particularly in the Technology sector. Lastly, we favour ReachTen for its recurring income base (~90% of topline) and decent margins.
Stocks to watch:
Technology: *ITMAX*, KGB
Consumer: MSM, *TEOSENG*
Construction: *GAMUDA*
O&G: *HAWK*
Healthcare: *KPJ*
Finance: RHBBANK
Utility: KJTS
Property: CRESNDO
Source: M+
👍5
M+ Market Wrap - 8May25
FBM KLCI: 1,542.74 pts (-7.16pts, -0.46%)
Thursday’s session saw the local bourse trade negatively, weighed down by Banking heavyweights—as BNM kept the overnight policy rate steady but flagged further downside risks amid uncertainties surrounding Trump’s protectionist trade policies. Market breadth remained positive, with gainers outpacing losers at 528-to-410 stocks. Technology sector +2.18% led the pack after a softer tone on global chip curbs, while Plantation (-1.43%) declined the most.
Top 3 Active stocks:
NATGATE (0270): RM1.580 (+9.0 sen)
SAPNRG (5218): RM0.045 (unch)
TANCO (2429): RM0.915 (+1.5 sen)
Volume: 3.37 bn (100-bar avg vol: 2.99 bn)
Value: RM2.72 bn (100-bar avg val: RM2.49 bn)
Market Breadth: ⬆️528⬇️410
Crude palm oil: RM3,792 (+RM64)
Dow Futures: 41,518 pts (+304 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,542.74 pts (-7.16pts, -0.46%)
Thursday’s session saw the local bourse trade negatively, weighed down by Banking heavyweights—as BNM kept the overnight policy rate steady but flagged further downside risks amid uncertainties surrounding Trump’s protectionist trade policies. Market breadth remained positive, with gainers outpacing losers at 528-to-410 stocks. Technology sector +2.18% led the pack after a softer tone on global chip curbs, while Plantation (-1.43%) declined the most.
Top 3 Active stocks:
NATGATE (0270): RM1.580 (+9.0 sen)
SAPNRG (5218): RM0.045 (unch)
TANCO (2429): RM0.915 (+1.5 sen)
Volume: 3.37 bn (100-bar avg vol: 2.99 bn)
Value: RM2.72 bn (100-bar avg val: RM2.49 bn)
Market Breadth: ⬆️528⬇️410
Crude palm oil: RM3,792 (+RM64)
Dow Futures: 41,518 pts (+304 pts)
**Source: Bloomberg, M+**
👍4
M+ Morning Market Buzz - 9May25
Dow Jones: 41,368.45 pts (+254.48pts, +0.62%)
⬆️ Resistance: 42700
⬇️ Support: 40000
FBM KLCI: 1,542.74 pts (-7.16pts, -0.46%)
⬆️ Resistance: 1590
⬇️ Support: 1510
HSI Index: 22,775.92 pts (+84.04pts, +0.37%)
⬆️ Resistance: 23700
⬇️ Support: 21700
Crude Palm Oil: RM3,801 (+RM34, +0.89%)
⬆️ Resistance: 4050
⬇️ Support: 3630
Brent Oil: $62.84 (+$1.72, +2.81%)
⬆️ Resistance: 64.70
⬇️ Support: 57.40
Gold: $3,305.72 (+$9.25, +0.28%)
⬆️ Resistance: 3510
⬇️ Support: 3160
Source: Bloomberg, M+
Dow Jones: 41,368.45 pts (+254.48pts, +0.62%)
⬆️ Resistance: 42700
⬇️ Support: 40000
FBM KLCI: 1,542.74 pts (-7.16pts, -0.46%)
⬆️ Resistance: 1590
⬇️ Support: 1510
HSI Index: 22,775.92 pts (+84.04pts, +0.37%)
⬆️ Resistance: 23700
⬇️ Support: 21700
Crude Palm Oil: RM3,801 (+RM34, +0.89%)
⬆️ Resistance: 4050
⬇️ Support: 3630
Brent Oil: $62.84 (+$1.72, +2.81%)
⬆️ Resistance: 64.70
⬇️ Support: 57.40
Gold: $3,305.72 (+$9.25, +0.28%)
⬆️ Resistance: 3510
⬇️ Support: 3160
Source: Bloomberg, M+
👍3
M+ Market Update – 09May25
UK-US Agree On Trade Deal
US: With progress toward de-escalation of the trade war—President Trump announced a trade deal with the UK, signalling a potential rollback of tariffs on Chinese goods, risk-on sentiment emerged on Wall Street and was traded higher. Also, the market appears optimistic ahead of next week’s US-China meeting in Switzerland. In the US, META presents trading opportunities, supported by its +16% YoY topline growth which exceeded analysts’ forecasts, while the recovery in users and ads spending should support the share price going forward. In commodities, Brent crude oil edged higher toward USD63/bbl, while gold traded around USD3,316 zone. CPO prices hovered between RM3,800–3,900/MT.
MY: In view of the positive performance in the US, we expect the local bourse to rebound as Bursa Finance index has risen 8% since the April 9 low, further supported by the 100bps cut in the Statutory Reserve Requirement—which injected approximately RM19bn in liquidity into the banking system. Traders may look for trading opportunities in lagging banking stocks such as Alliance and AmBank. Meanwhile, we noticed the AI theme has regained momentum following the potential revision of the Biden’s administration’s chip restriction act. This could spur trading interest in the Construction, Utility and Technology sectors.
Stocks to watch:
Utility: KJTS, *MNHLDG*, *YTL*
Construction: INTA, SUNCON
O&G: *DELEUM*, HAWK
Technology: *SAM*
Consumer: *CCK*
Healthcare: KPJ
Telco: REDTONE
Source: M+
UK-US Agree On Trade Deal
US: With progress toward de-escalation of the trade war—President Trump announced a trade deal with the UK, signalling a potential rollback of tariffs on Chinese goods, risk-on sentiment emerged on Wall Street and was traded higher. Also, the market appears optimistic ahead of next week’s US-China meeting in Switzerland. In the US, META presents trading opportunities, supported by its +16% YoY topline growth which exceeded analysts’ forecasts, while the recovery in users and ads spending should support the share price going forward. In commodities, Brent crude oil edged higher toward USD63/bbl, while gold traded around USD3,316 zone. CPO prices hovered between RM3,800–3,900/MT.
MY: In view of the positive performance in the US, we expect the local bourse to rebound as Bursa Finance index has risen 8% since the April 9 low, further supported by the 100bps cut in the Statutory Reserve Requirement—which injected approximately RM19bn in liquidity into the banking system. Traders may look for trading opportunities in lagging banking stocks such as Alliance and AmBank. Meanwhile, we noticed the AI theme has regained momentum following the potential revision of the Biden’s administration’s chip restriction act. This could spur trading interest in the Construction, Utility and Technology sectors.
Stocks to watch:
Utility: KJTS, *MNHLDG*, *YTL*
Construction: INTA, SUNCON
O&G: *DELEUM*, HAWK
Technology: *SAM*
Consumer: *CCK*
Healthcare: KPJ
Telco: REDTONE
Source: M+
👍5