M+ Global Market Wrap - 4Jun25
FBM KLCI: 1,507.97 pts (+4.72pts, +0.31%)
Wednesday’s session saw bargain-hunting activities emerge on the local bourse, tracking Wall Street’s resilient overnight performance — with Telcos & Media and Consumer Products & Services heavyweights buoyed the sentiment. However, market breadth tilted negatively, with losers outpacing gainers 494-to-442. On the broader market, Construction (+1.12%) continued its rally, led by GAMUDA (+7.0 sen) and IJM (+6.0 sen), while the Property (-0.75%) sector recorded the steepest decline for the session.
Top 3 Active stocks:
TWL (7079): RM0.025 (+0.5 sen)
TANCO (2429): RM0.985 (-1.5 sen)
GAMUDA (5398): RM4.660 (+7.0 sen)
Volume: 2.41 bn (100-bar avg vol: 3.05 bn)
Value: RM2.04 bn (100-bar avg val: RM2.51 bn)
Market Breadth: ⬆442⬇449
Crude palm oil: RM3,963 (+RM29)
Dow Futures: 42,664 pts (+66 pts)
Source: M+ Global, Bloomberg
FBM KLCI: 1,507.97 pts (+4.72pts, +0.31%)
Wednesday’s session saw bargain-hunting activities emerge on the local bourse, tracking Wall Street’s resilient overnight performance — with Telcos & Media and Consumer Products & Services heavyweights buoyed the sentiment. However, market breadth tilted negatively, with losers outpacing gainers 494-to-442. On the broader market, Construction (+1.12%) continued its rally, led by GAMUDA (+7.0 sen) and IJM (+6.0 sen), while the Property (-0.75%) sector recorded the steepest decline for the session.
Top 3 Active stocks:
TWL (7079): RM0.025 (+0.5 sen)
TANCO (2429): RM0.985 (-1.5 sen)
GAMUDA (5398): RM4.660 (+7.0 sen)
Volume: 2.41 bn (100-bar avg vol: 3.05 bn)
Value: RM2.04 bn (100-bar avg val: RM2.51 bn)
Market Breadth: ⬆442⬇449
Crude palm oil: RM3,963 (+RM29)
Dow Futures: 42,664 pts (+66 pts)
Source: M+ Global, Bloomberg
M+ Morning Market Buzz - 5Jun25
Dow Jones: 42,427.74 pts (-91.90pts, -0.22%)
⬆️ Resistance: 43500
⬇️ Support: 41000
FBM KLCI: 1,507.97 pts (+4.72pts, +0.31%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 23,654.03 pts (+141.54pts, +0.60%)
⬆️ Resistance: 24200
⬇️ Support: 22300
Crude Palm Oil: RM3,948 (-RM23, -0.58%)
⬆️ Resistance: 4060
⬇️ Support: 3780
Brent Oil: $64.86 (-$0.77, -1.17%)
⬆️ Resistance: 67.50
⬇️ Support: 61.80
Gold: $3,372.72 (+$0.53, +0.02%)
⬆️ Resistance: 3470
⬇️ Support: 3190
Source: Bloomberg, M+
Dow Jones: 42,427.74 pts (-91.90pts, -0.22%)
⬆️ Resistance: 43500
⬇️ Support: 41000
FBM KLCI: 1,507.97 pts (+4.72pts, +0.31%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 23,654.03 pts (+141.54pts, +0.60%)
⬆️ Resistance: 24200
⬇️ Support: 22300
Crude Palm Oil: RM3,948 (-RM23, -0.58%)
⬆️ Resistance: 4060
⬇️ Support: 3780
Brent Oil: $64.86 (-$0.77, -1.17%)
⬆️ Resistance: 67.50
⬇️ Support: 61.80
Gold: $3,372.72 (+$0.53, +0.02%)
⬆️ Resistance: 3470
⬇️ Support: 3190
Source: Bloomberg, M+
M+ Market Update – 05Jun25
After Weak ADP Data, All Eyes on NFP
US: Wall Street closed on a mixed note, as weaker-than-expected economic data revealed the impact of President Trump’s trade policies. Furthermore, his protectionist stance and the recent tax bill, expected to unleash trillions in tax cuts while slashing spending, but also spiking deficits by USD2.4 trillion over the decade – may be putting pressure on the USD. Thus, we believe the upside on Wall Street could be limited, with markets closely watching the upcoming non-farm payroll and the Fed’s next move. On the commodities market, both Brent oil and Gold traded flat at USD65/bbl and USD3,372 respectively. CPO prices remained stable at RM3,925/MT.
MY: Given the mixed performance on Wall Street, we expect the local bourse to trade on a choppy note. The FBM KLCI is trading around 14x P/E, a discount to its long-term average of 17x. Meanwhile, with the anticipation of more project launches this year and active land banking efforts by Gamuda, we remain positive on construction stocks like INTA, which has high exposure to major construction companies. Also, we favour sub-utility companies like MNHLDG, given rising power demand from data center investments and the shift toward renewable energy as well as Tenaga’s ongoing capex plans.
Stocks to watch:
Finance: *AMBANK*
Construction: *EKOVEST*, *GAMUDA*
Utility: GASMSIA, *MNHLDG*, *SCGBHD*
Telco: TM
Transportation & Logistics: WPRTS
Source: M+
After Weak ADP Data, All Eyes on NFP
US: Wall Street closed on a mixed note, as weaker-than-expected economic data revealed the impact of President Trump’s trade policies. Furthermore, his protectionist stance and the recent tax bill, expected to unleash trillions in tax cuts while slashing spending, but also spiking deficits by USD2.4 trillion over the decade – may be putting pressure on the USD. Thus, we believe the upside on Wall Street could be limited, with markets closely watching the upcoming non-farm payroll and the Fed’s next move. On the commodities market, both Brent oil and Gold traded flat at USD65/bbl and USD3,372 respectively. CPO prices remained stable at RM3,925/MT.
MY: Given the mixed performance on Wall Street, we expect the local bourse to trade on a choppy note. The FBM KLCI is trading around 14x P/E, a discount to its long-term average of 17x. Meanwhile, with the anticipation of more project launches this year and active land banking efforts by Gamuda, we remain positive on construction stocks like INTA, which has high exposure to major construction companies. Also, we favour sub-utility companies like MNHLDG, given rising power demand from data center investments and the shift toward renewable energy as well as Tenaga’s ongoing capex plans.
Stocks to watch:
Finance: *AMBANK*
Construction: *EKOVEST*, *GAMUDA*
Utility: GASMSIA, *MNHLDG*, *SCGBHD*
Telco: TM
Transportation & Logistics: WPRTS
Source: M+
FBM KLCI: 1,518.12 pts (+10.15pts, +0.67%)
Taking a cue from Trump’s move to renegotiate Biden-era CHIPS Act grants, Thursday’s session saw the local bourse cheered by positive sentiment, with YTL-related counters buoying the market — despite the choppy overnight performance on Wall Street. Market breadth turned positive, with gainers outpacing losers at a 2-to-1 ratio. On the broader market, the Technology sector outperformed (+2.23%), led by MYEG (+3.0 sen) and INARI (+5.0 sen), while the Financial sector declined the most (-0.10%).
Top 3 Active stocks:
SAG (0360): RM0.700 (+8.0 sen)
MYEG (0138): RM0.930 (+3.0 sen)
NEXG (5216): RM0.375 (-0.5 sen)
Volume: 2.45 bn (100-bar avg vol: 3.04 bn)
Value: RM2.29 bn (100-bar avg val: RM2.51 bn)
Market Breadth: ⬆️656⬇️331
Crude palm oil: RM3,907 (-RM41)
Dow Futures: 42,578 pts (+78 pts)
**Source: M+ Global, Bloomberg **
Taking a cue from Trump’s move to renegotiate Biden-era CHIPS Act grants, Thursday’s session saw the local bourse cheered by positive sentiment, with YTL-related counters buoying the market — despite the choppy overnight performance on Wall Street. Market breadth turned positive, with gainers outpacing losers at a 2-to-1 ratio. On the broader market, the Technology sector outperformed (+2.23%), led by MYEG (+3.0 sen) and INARI (+5.0 sen), while the Financial sector declined the most (-0.10%).
Top 3 Active stocks:
SAG (0360): RM0.700 (+8.0 sen)
MYEG (0138): RM0.930 (+3.0 sen)
NEXG (5216): RM0.375 (-0.5 sen)
Volume: 2.45 bn (100-bar avg vol: 3.04 bn)
Value: RM2.29 bn (100-bar avg val: RM2.51 bn)
Market Breadth: ⬆️656⬇️331
Crude palm oil: RM3,907 (-RM41)
Dow Futures: 42,578 pts (+78 pts)
**Source: M+ Global, Bloomberg **
Good Evening All,
We issued a technical buy call on Advanced Micro Devices Inc: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Positive earnings guidance amid the MI350 ramp-up,
(ii) Share buy-back initiatives, reflecting AMD’s confidence in its outlook,
(iii) Undemanding forward earnings multiples.
Research Team, M+
5 June 2025
We issued a technical buy call on Advanced Micro Devices Inc: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Positive earnings guidance amid the MI350 ramp-up,
(ii) Share buy-back initiatives, reflecting AMD’s confidence in its outlook,
(iii) Undemanding forward earnings multiples.
Research Team, M+
5 June 2025
M+ Morning Market Buzz - 6Jun25
Dow Jones: 42,319.74 pts (-108.00pts, -0.25%)
⬆️ Resistance: 43500
⬇️ Support: 41100
FBM KLCI: 1,518.12 pts (+10.15pts, +0.67%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 23,906.97 pts (+252.94pts, +1.07%)
⬆️ Resistance: 24400
⬇️ Support: 22300
Crude Palm Oil: RM3,903 (+RM18, +0.46%)
⬆️ Resistance: 4060
⬇️ Support: 3780
Brent Oil: $65.34 (+$0.48, +0.74%)
⬆️ Resistance: 67.30
⬇️ Support: 61.80
Gold: $3,352.65 (+$2.13, +0.06%)
⬆️ Resistance: 3480
⬇️ Support: 3210
Source: Bloomberg, M+
Dow Jones: 42,319.74 pts (-108.00pts, -0.25%)
⬆️ Resistance: 43500
⬇️ Support: 41100
FBM KLCI: 1,518.12 pts (+10.15pts, +0.67%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 23,906.97 pts (+252.94pts, +1.07%)
⬆️ Resistance: 24400
⬇️ Support: 22300
Crude Palm Oil: RM3,903 (+RM18, +0.46%)
⬆️ Resistance: 4060
⬇️ Support: 3780
Brent Oil: $65.34 (+$0.48, +0.74%)
⬆️ Resistance: 67.30
⬇️ Support: 61.80
Gold: $3,352.65 (+$2.13, +0.06%)
⬆️ Resistance: 3480
⬇️ Support: 3210
Source: Bloomberg, M+
M+ Market Update – 06Jun25
All Eyes On Jobs Data
US: While the long-awaited call between President Trump and President Xi yielded a positive signal, Wall Street declined, dragged down by losses in Tesla after Trump proposed ending the company’s government contracts and subsidies. However, Trump’s renegotiation of the CHIPS Act could pave the way for more palatable chip export policies — a potential neutral to positive outcome for key players like NVIDIA and AMD. On a separate note, traders will closely monitor US job growth for clues on how recent protectionist trade policies may impact the broader economy. In the commodities market, Brent crude and gold remained stable at around USD64/bbl and USD3,360/oz respectively, while CPO prices rebounded to RM3,921/MT.
MY: Tracking Wall Street’s overnight weakness, the local bourse may trade on a softer tone. Nonetheless, growing power demand from data centre investments, coupled with the ongoing NETR masterplan and Tenaga’s expanding CapEx, could bode well for utility players like GASMSIA, MNHLDG, and KJTS. In addition, the Construction and Property sectors remain upbeat, supported by active land banking and data centre developments. We favour construction counters like INTA and BNASTRA, given their long-standing relationships with major developers.
Stocks to watch:
Utility: GASMSIA, *PWRWELL*, *SCGBHD*
O&G: DELEUM, *HAWK*
Technology: *ADB*, FPI
Construction: *GAMUDA*, IJM
Plantation: INNO
Finance: AMBANK
Logistics: WPRTS
Source: M+
All Eyes On Jobs Data
US: While the long-awaited call between President Trump and President Xi yielded a positive signal, Wall Street declined, dragged down by losses in Tesla after Trump proposed ending the company’s government contracts and subsidies. However, Trump’s renegotiation of the CHIPS Act could pave the way for more palatable chip export policies — a potential neutral to positive outcome for key players like NVIDIA and AMD. On a separate note, traders will closely monitor US job growth for clues on how recent protectionist trade policies may impact the broader economy. In the commodities market, Brent crude and gold remained stable at around USD64/bbl and USD3,360/oz respectively, while CPO prices rebounded to RM3,921/MT.
MY: Tracking Wall Street’s overnight weakness, the local bourse may trade on a softer tone. Nonetheless, growing power demand from data centre investments, coupled with the ongoing NETR masterplan and Tenaga’s expanding CapEx, could bode well for utility players like GASMSIA, MNHLDG, and KJTS. In addition, the Construction and Property sectors remain upbeat, supported by active land banking and data centre developments. We favour construction counters like INTA and BNASTRA, given their long-standing relationships with major developers.
Stocks to watch:
Utility: GASMSIA, *PWRWELL*, *SCGBHD*
O&G: DELEUM, *HAWK*
Technology: *ADB*, FPI
Construction: *GAMUDA*, IJM
Plantation: INNO
Finance: AMBANK
Logistics: WPRTS
Source: M+
💯2👍1
M+ Global Market Wrap - 6Jun25
FBM KLCI: 1,516.79 pts (-1.33pts, -0.09%)
Tracking Wall Street’s lacklustre overnight performance, Friday’s session saw traders pare down exposure on the local bourse, with total volume sliding to a monthly low of ~1.9bn ahead of the US jobs report which is set to be released tonight. Market breadth tilted negatively with losers outpacing gainers at 478-to-325 stocks. The Energy (+1.39%) sector outperformed after gaining momentum above its 20/60 EMAs, with YINSON (+24.0 sen) and ARMADA (+1.0 sen) leading the pack, while the Industrial Products & Services (-0.87%) sector declined the most.
Top 3 Active stocks:
MYEG (0138): RM0.945 (+1.5 sen)
TANCO (2429): RM1.030 (+3.0 sen)
GAMUDA (5398): RM4.770 (+3.0 sen)
Volume: 1.92 bn (100-bar avg vol: 3.02 bn)
Value: RM1.67 bn (100-bar avg val: RM2.51 bn)
Market Breadth: ⬆️325⬇️478
Crude palm oil: RM3,920 (+RM17)
Dow Futures: 42,540 pts (+171 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,516.79 pts (-1.33pts, -0.09%)
Tracking Wall Street’s lacklustre overnight performance, Friday’s session saw traders pare down exposure on the local bourse, with total volume sliding to a monthly low of ~1.9bn ahead of the US jobs report which is set to be released tonight. Market breadth tilted negatively with losers outpacing gainers at 478-to-325 stocks. The Energy (+1.39%) sector outperformed after gaining momentum above its 20/60 EMAs, with YINSON (+24.0 sen) and ARMADA (+1.0 sen) leading the pack, while the Industrial Products & Services (-0.87%) sector declined the most.
Top 3 Active stocks:
MYEG (0138): RM0.945 (+1.5 sen)
TANCO (2429): RM1.030 (+3.0 sen)
GAMUDA (5398): RM4.770 (+3.0 sen)
Volume: 1.92 bn (100-bar avg vol: 3.02 bn)
Value: RM1.67 bn (100-bar avg val: RM2.51 bn)
Market Breadth: ⬆️325⬇️478
Crude palm oil: RM3,920 (+RM17)
Dow Futures: 42,540 pts (+171 pts)
**Source: M+ Global, Bloomberg **
👏2
M+ Morning Market Buzz - 9Jun25
Dow Jones: 42,762.87 pts (+443.13pts, +1.05%)
⬆️ Resistance: 43800
⬇️ Support: 41100
FBM KLCI: 1,516.79 pts (-1.33pts, -0.09%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 23,792.54 pts (-114.43pts, -0.48%)
⬆️ Resistance: 24500
⬇️ Support: 22300
Crude Palm Oil: RM3,917 (+RM14, +0.36%)
⬆️ Resistance: 4060
⬇️ Support: 3810
Brent Oil: $66.47 (+$1.13, +1.73%)
⬆️ Resistance: 68.10
⬇️ Support: 61.80
Gold: $3,310.42 (-$42.23, -1.26%)
⬆️ Resistance: 3480
⬇️ Support: 3230
Source: Bloomberg, M+
Dow Jones: 42,762.87 pts (+443.13pts, +1.05%)
⬆️ Resistance: 43800
⬇️ Support: 41100
FBM KLCI: 1,516.79 pts (-1.33pts, -0.09%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 23,792.54 pts (-114.43pts, -0.48%)
⬆️ Resistance: 24500
⬇️ Support: 22300
Crude Palm Oil: RM3,917 (+RM14, +0.36%)
⬆️ Resistance: 4060
⬇️ Support: 3810
Brent Oil: $66.47 (+$1.13, +1.73%)
⬆️ Resistance: 68.10
⬇️ Support: 61.80
Gold: $3,310.42 (-$42.23, -1.26%)
⬆️ Resistance: 3480
⬇️ Support: 3230
Source: Bloomberg, M+
M+ Market Update – 09Jun25
Market Poised For A Positive Session
US: Wall Street gained momentum last week as stronger-than-expected US jobs data offset concerns over slower economic growth. Meanwhile, with the US-China talks expected in London, the market may extend its positive tone. On a side note, the strained Trump-Elon relationship could dampen near term sentiment on Tesla, but the anticipation of the Trump administration’s overhaul of the CHIPS Act may serve as a catalyst for major players like NVIDIA and AMD. In the commodities market, Brent Crude rebounded near USD66/bbl, while both Gold and CPO retreated to USD3,316/oz and RM3,917/MT, respectively.
MY: With the KLCI rebounded from 1,500 last week and undemanding valuations at ~14x (Long term average: 17x), the local bourse is poised to open higher, tracking Wall Street’s gains. Meanwhile, (i) rising power demand from data centres, (ii) government initiatives like NETR and (iii) TNB’s CapEx expansion could boost MNHLDG and KJTS. We remain positive on REITs, supported SUNREIT’s breakout and the sector’s healthy yields of over ~4%. Lastly, we favour construction players such as INTA, given its strong ties to major developers like Gamuda, backed active land banking.
Stocks to watch:
Construction: *INTA*, KERJAYA, SUNCON
REIT: *IGBREIT*, SUNREIT
Plantation: *INNO*
Utility: *SCGBHD*
Property: CRESNDO
Logistics: *WPRTS*
Source: M+
Market Poised For A Positive Session
US: Wall Street gained momentum last week as stronger-than-expected US jobs data offset concerns over slower economic growth. Meanwhile, with the US-China talks expected in London, the market may extend its positive tone. On a side note, the strained Trump-Elon relationship could dampen near term sentiment on Tesla, but the anticipation of the Trump administration’s overhaul of the CHIPS Act may serve as a catalyst for major players like NVIDIA and AMD. In the commodities market, Brent Crude rebounded near USD66/bbl, while both Gold and CPO retreated to USD3,316/oz and RM3,917/MT, respectively.
MY: With the KLCI rebounded from 1,500 last week and undemanding valuations at ~14x (Long term average: 17x), the local bourse is poised to open higher, tracking Wall Street’s gains. Meanwhile, (i) rising power demand from data centres, (ii) government initiatives like NETR and (iii) TNB’s CapEx expansion could boost MNHLDG and KJTS. We remain positive on REITs, supported SUNREIT’s breakout and the sector’s healthy yields of over ~4%. Lastly, we favour construction players such as INTA, given its strong ties to major developers like Gamuda, backed active land banking.
Stocks to watch:
Construction: *INTA*, KERJAYA, SUNCON
REIT: *IGBREIT*, SUNREIT
Plantation: *INNO*
Utility: *SCGBHD*
Property: CRESNDO
Logistics: *WPRTS*
Source: M+
👍1
FBM KLCI: 1,519.41 pts (+2.62pts, +0.17%)
Tracking Wall Street’s upbeat performance, Monday’s session saw traders piling into Consumer Products and Services heavyweights — the latter was due to analysts’ upgrade on QL. While total traded volume remained below the 3-month average, market breadth tilted positively, with gainers outpacing losers by 535-to-400 stocks. Ahead of the highly anticipated US-China trade talks in London, the Technology (+1.63%) sector outperformed, led by MPI (+70.0 sen) and PENTA (+20.0 sen), while the Construction (-0.39%) sector declined the most.
Top 3 Active stocks:
MYEG (0138): RM0.945 (unch)
MPIRE (7943): RM0.110 (+2.0 sen)
HKB (0359): RM0.145 (-1.5 sen)
Volume: 2.61 bn (100-bar avg vol: 3.01 bn)
Value: RM1.84 bn (100-bar avg val: RM2.50 bn)
Market Breadth: ⬆️535⬇️400
Crude palm oil: RM3,923 (+RM6)
Dow Futures: 42,868 pts (+59 pts)
**Source: M+ Global, Bloomberg **
Tracking Wall Street’s upbeat performance, Monday’s session saw traders piling into Consumer Products and Services heavyweights — the latter was due to analysts’ upgrade on QL. While total traded volume remained below the 3-month average, market breadth tilted positively, with gainers outpacing losers by 535-to-400 stocks. Ahead of the highly anticipated US-China trade talks in London, the Technology (+1.63%) sector outperformed, led by MPI (+70.0 sen) and PENTA (+20.0 sen), while the Construction (-0.39%) sector declined the most.
Top 3 Active stocks:
MYEG (0138): RM0.945 (unch)
MPIRE (7943): RM0.110 (+2.0 sen)
HKB (0359): RM0.145 (-1.5 sen)
Volume: 2.61 bn (100-bar avg vol: 3.01 bn)
Value: RM1.84 bn (100-bar avg val: RM2.50 bn)
Market Breadth: ⬆️535⬇️400
Crude palm oil: RM3,923 (+RM6)
Dow Futures: 42,868 pts (+59 pts)
**Source: M+ Global, Bloomberg **
Good Evening All,
We issued a technical buy call on American Express: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Consistent double-digit profit margins
(ii) Strong growth among younger cardholders
(iii) Q1 earnings beat expectations
Research Team, M+
9 June 2025
We issued a technical buy call on American Express: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Consistent double-digit profit margins
(ii) Strong growth among younger cardholders
(iii) Q1 earnings beat expectations
Research Team, M+
9 June 2025
M+ Morning Market Buzz - 10Jun25
Dow Jones: 42,761.76 pts (-1.11pts, -0.00%)
⬆️ Resistance: 43800
⬇️ Support: 41400
FBM KLCI: 1,519.41 pts (+2.62pts, +0.17%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 24,181.43 pts (+388.89pts, +1.63%)
⬆️ Resistance: 24700
⬇️ Support: 22900
Crude Palm Oil: RM3,925 (-RM6, -0.15%)
⬆️ Resistance: 4060
⬇️ Support: 3810
Brent Oil: $67.04 (+$0.57, +0.86%)
⬆️ Resistance: 68.60
⬇️ Support: 63.00
Gold: $3,326.19 (-$2.84, -0.09%)
⬆️ Resistance: 3480
⬇️ Support: 3230
Source: Bloomberg, M+
Dow Jones: 42,761.76 pts (-1.11pts, -0.00%)
⬆️ Resistance: 43800
⬇️ Support: 41400
FBM KLCI: 1,519.41 pts (+2.62pts, +0.17%)
⬆️ Resistance: 1560
⬇️ Support: 1470
HSI Index: 24,181.43 pts (+388.89pts, +1.63%)
⬆️ Resistance: 24700
⬇️ Support: 22900
Crude Palm Oil: RM3,925 (-RM6, -0.15%)
⬆️ Resistance: 4060
⬇️ Support: 3810
Brent Oil: $67.04 (+$0.57, +0.86%)
⬆️ Resistance: 68.60
⬇️ Support: 63.00
Gold: $3,326.19 (-$2.84, -0.09%)
⬆️ Resistance: 3480
⬇️ Support: 3230
Source: Bloomberg, M+
M+ Market Update – 10Jun25
All Eyes On The US-China Trade Discussions
US: Wall Street is expected to focus on the US-China trade talks, which have driven modest gains in equities as officials hinted at progress ahead of Tuesday’s resumed negotiations. Key focus would be on resolving issues related to chip and rare materials exports, coupled with the recent potential overhaul in CHIPS act, which may serve as a key catalyst for major chip players like Nvidia and AMD. This week, traders will closely monitor US inflation to understand the impact of Trump’s trade policies. In the commodities market, Brent crude broke out above its EMA60 at USD67/bbl. Gold and CPO traded flat along USD3,324 and RM3,919, respectively.
MY: Given the Wall Street’s mixed performance, we expect the local bourse to trade with a softer tone. Attention may shift to fundamentally strong companies as investors seek buying opportunities. We favour INTA, supported by its strong ties to major developers like GAMUDA. Meanwhile, as the market factors a rate-cut environment, REITs could attract interest due to their healthy yields of over ~4%. We believe SUNREIT presents a decent opportunity, in view of the recent breakout and its uptrend intact share price movements.
Stocks to watch:
Utility: BMGREEN, *GASMSIA*, *SCGBHD*
Finance: ABMB, *AMBANK*
Construction: INTA, *SUNCON*
Consumer: *KOPI*, LHI
REIT: SUNREIT
Source: M+
All Eyes On The US-China Trade Discussions
US: Wall Street is expected to focus on the US-China trade talks, which have driven modest gains in equities as officials hinted at progress ahead of Tuesday’s resumed negotiations. Key focus would be on resolving issues related to chip and rare materials exports, coupled with the recent potential overhaul in CHIPS act, which may serve as a key catalyst for major chip players like Nvidia and AMD. This week, traders will closely monitor US inflation to understand the impact of Trump’s trade policies. In the commodities market, Brent crude broke out above its EMA60 at USD67/bbl. Gold and CPO traded flat along USD3,324 and RM3,919, respectively.
MY: Given the Wall Street’s mixed performance, we expect the local bourse to trade with a softer tone. Attention may shift to fundamentally strong companies as investors seek buying opportunities. We favour INTA, supported by its strong ties to major developers like GAMUDA. Meanwhile, as the market factors a rate-cut environment, REITs could attract interest due to their healthy yields of over ~4%. We believe SUNREIT presents a decent opportunity, in view of the recent breakout and its uptrend intact share price movements.
Stocks to watch:
Utility: BMGREEN, *GASMSIA*, *SCGBHD*
Finance: ABMB, *AMBANK*
Construction: INTA, *SUNCON*
Consumer: *KOPI*, LHI
REIT: SUNREIT
Source: M+
👍4
Good Morning All,
We have issued a non-rated IPO note on ASM Automation Group Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We ascribe a fair value of RM0.21 for ASM. Our fair value is derived by pegging a forward P/E of 15.0x to the mid-FY26f EPS of 1.38 sen, implying a 23.5% upside from its IPO price of RM0.17. While the assigned P/E of 15.0x reflects a ~25% discount to its closest peer, EPB Group Berhad’s trailing P/E of 20x, we believe the discount is justified given ASM’s smaller market capitalisation, coupled with its single-digit top line growth.
Investment highlights include:
i) Full-spectrum automation capabilities across the F&B value chain.
ii) Ability to tailor machinery to diverse F&B production requirements showcasing technical versatility.
iii) Well-positioned to benefit from the industry’s push for automation and cost efficiency.
Research Team, M+
10 Jun 2025
We have issued a non-rated IPO note on ASM Automation Group Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We ascribe a fair value of RM0.21 for ASM. Our fair value is derived by pegging a forward P/E of 15.0x to the mid-FY26f EPS of 1.38 sen, implying a 23.5% upside from its IPO price of RM0.17. While the assigned P/E of 15.0x reflects a ~25% discount to its closest peer, EPB Group Berhad’s trailing P/E of 20x, we believe the discount is justified given ASM’s smaller market capitalisation, coupled with its single-digit top line growth.
Investment highlights include:
i) Full-spectrum automation capabilities across the F&B value chain.
ii) Ability to tailor machinery to diverse F&B production requirements showcasing technical versatility.
iii) Well-positioned to benefit from the industry’s push for automation and cost efficiency.
Research Team, M+
10 Jun 2025
M+ Global Market Wrap - 10Jun25
FBM KLCI: 1,516.95 pts (-2.46pts, -0.16%)
Tracking Wall Street’s lacklustre overnight performance, Tuesday’s session saw profit-taking activities within Consumer Products & Services heavyweights, dampening sentiment on the local front. While total traded volume remained below the 3-month average, market breadth was relatively neutral, with gainers and losers at a 1-to-1 ratio. On the broader market, buying interest emerged in Glove stocks, spurring gains in the Healthcare (+1.49%) sector, while the Plantation (-0.54%) sector declined the most.
Top 3 Active stocks:
MYEG (0138): RM0.950 (+0.5 sen)
NEXG (5216): RM0.360 (-1.0 sen)
TANCO (2429): RM0.965 (-2.5 sen)
Volume: 2.72 bn (100-bar avg vol: 3.00 bn)
Value: RM2.09 bn (100-bar avg val: RM2.48 bn)
Market Breadth: ⬆️437⬇️441
Crude palm oil: RM3,868 (-RM57)
Dow Futures: 42,743 pts (-53 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,516.95 pts (-2.46pts, -0.16%)
Tracking Wall Street’s lacklustre overnight performance, Tuesday’s session saw profit-taking activities within Consumer Products & Services heavyweights, dampening sentiment on the local front. While total traded volume remained below the 3-month average, market breadth was relatively neutral, with gainers and losers at a 1-to-1 ratio. On the broader market, buying interest emerged in Glove stocks, spurring gains in the Healthcare (+1.49%) sector, while the Plantation (-0.54%) sector declined the most.
Top 3 Active stocks:
MYEG (0138): RM0.950 (+0.5 sen)
NEXG (5216): RM0.360 (-1.0 sen)
TANCO (2429): RM0.965 (-2.5 sen)
Volume: 2.72 bn (100-bar avg vol: 3.00 bn)
Value: RM2.09 bn (100-bar avg val: RM2.48 bn)
Market Breadth: ⬆️437⬇️441
Crude palm oil: RM3,868 (-RM57)
Dow Futures: 42,743 pts (-53 pts)
**Source: M+ Global, Bloomberg **
👍2
M+ Morning Market Buzz - 11Jun25
Dow Jones: 42,866.87 pts (+105.11pts, +0.25%)
⬆️ Resistance: 43800
⬇️ Support: 41400
FBM KLCI: 1,516.95 pts (-2.46pts, -0.16%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 24,162.87 pts (-18.56pts, -0.08%)
⬆️ Resistance: 24800
⬇️ Support: 23100
Crude Palm Oil: RM3,864 (+RM4, +0.10%)
⬆️ Resistance: 4050
⬇️ Support: 3790
Brent Oil: $66.87 (-$0.17, -0.25%)
⬆️ Resistance: 69.40
⬇️ Support: 63.00
Gold: $3,323.69 (-$0.10, -0.00%)
⬆️ Resistance: 3480
⬇️ Support: 3230
Source: Bloomberg, M+
Dow Jones: 42,866.87 pts (+105.11pts, +0.25%)
⬆️ Resistance: 43800
⬇️ Support: 41400
FBM KLCI: 1,516.95 pts (-2.46pts, -0.16%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 24,162.87 pts (-18.56pts, -0.08%)
⬆️ Resistance: 24800
⬇️ Support: 23100
Crude Palm Oil: RM3,864 (+RM4, +0.10%)
⬆️ Resistance: 4050
⬇️ Support: 3790
Brent Oil: $66.87 (-$0.17, -0.25%)
⬆️ Resistance: 69.40
⬇️ Support: 63.00
Gold: $3,323.69 (-$0.10, -0.00%)
⬆️ Resistance: 3480
⬇️ Support: 3230
Source: Bloomberg, M+
👍3
M+ Market Update – 11Jun25
US-China Trade Talks in Focus
US: Wall Street ended on a positive note as US-China trade negotiations continued. We expect the talks to yield favourable outcomes, supporting a near to mid-term uptrend in US equities. Meanwhile, OpenAI’s integration of Google’s cloud service marks a significant win for Google, further mitigating competitive risks. This move also underscores robust demand in the AI space, suggesting sustained momentum for AI-themed stocks. This week, traders will closely monitor CPI and PPI data to assess the impact of Trump’s trade policies. On the commodities market, both Brent oil and CPO retreated towards USD66/bbl and RM3,868/MT, respectively, while Gold remained flat at USD3,322.
MY: With the KLCI trading at a discounted P/E of ~14x (long-term average: 17x), the local bourse is poised to open higher, tracking Wall Street resilient overnight performance. Also, the highly anticipated US-China trade talks may buoy sentiment for the Technology sector, with key focus on sub-sectors tied to EMS and possibly E&E. Do note that, the tech sector index has rebounded more than 30% throughout the past 2 months. For a more defensive play, we like SUNREIT, as Bloomberg consensus anticipates DPU growth driven by active asset acquisitions. Also, the REIT sector has a healthy ~3% YTD performance and stable dividend payouts.
Stocks to watch:
Solar: *PEKAT*, *SLVEST*
Utility: GASMSIA, *SCGBHD*
Plantation: INNO, JPG
O&G: *DAYANG*
Technology: *RAMSSOL*
Consumer: LHI
Finance: OSK
Source: M+
US-China Trade Talks in Focus
US: Wall Street ended on a positive note as US-China trade negotiations continued. We expect the talks to yield favourable outcomes, supporting a near to mid-term uptrend in US equities. Meanwhile, OpenAI’s integration of Google’s cloud service marks a significant win for Google, further mitigating competitive risks. This move also underscores robust demand in the AI space, suggesting sustained momentum for AI-themed stocks. This week, traders will closely monitor CPI and PPI data to assess the impact of Trump’s trade policies. On the commodities market, both Brent oil and CPO retreated towards USD66/bbl and RM3,868/MT, respectively, while Gold remained flat at USD3,322.
MY: With the KLCI trading at a discounted P/E of ~14x (long-term average: 17x), the local bourse is poised to open higher, tracking Wall Street resilient overnight performance. Also, the highly anticipated US-China trade talks may buoy sentiment for the Technology sector, with key focus on sub-sectors tied to EMS and possibly E&E. Do note that, the tech sector index has rebounded more than 30% throughout the past 2 months. For a more defensive play, we like SUNREIT, as Bloomberg consensus anticipates DPU growth driven by active asset acquisitions. Also, the REIT sector has a healthy ~3% YTD performance and stable dividend payouts.
Stocks to watch:
Solar: *PEKAT*, *SLVEST*
Utility: GASMSIA, *SCGBHD*
Plantation: INNO, JPG
O&G: *DAYANG*
Technology: *RAMSSOL*
Consumer: LHI
Finance: OSK
Source: M+
Good Evening All,
We issued a technical buy call on Sunway Real Estate Investment Trust: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Double-digit topline growth,
(ii) DPUs to grow at 9.0% 2-year CAGR
(iii) Hotel segments to see recovery in 2H25
Research Team, M+
11 June 2025
We issued a technical buy call on Sunway Real Estate Investment Trust: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Double-digit topline growth,
(ii) DPUs to grow at 9.0% 2-year CAGR
(iii) Hotel segments to see recovery in 2H25
Research Team, M+
11 June 2025
M+ Global Market Wrap - 11Jun25
FBM KLCI: 1,523.84 pts (+6.89pts, +0.45%)
Taking a cue from recent US-China developments, Wednesday’s session saw the local bourse cheered by positive sentiment, with traders piling into YTL-related counters. Total traded volume recovered higher than the 3-month average with gainers outpacing losers at 546-to-375 stocks. On the broader market, the Construction (+1.50%) sector rebounded after healthy profit-taking activities, with GAMUDA (+6.0 sen) and IJM (+9.0 sen) leading the pack, while the Consumer Products & Services (-0.53%) sector declined the most.
Top 3 Active stocks:
MYEG (0138): RM0.970 (+2.0 sen)
TWL (7079): RM0.025 (unch)
YTL (4677): RM2.180 (+16.0 sen)
Volume: 3.27 bn (100-bar avg vol: 3.00 bn)
Value: RM2.59 bn (100-bar avg val: RM2.47 bn)
Market Breadth: ⬆️546⬇️375
Crude palm oil: RM3,831 (-RM33)
Dow Futures: 42,861 pts (-50 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,523.84 pts (+6.89pts, +0.45%)
Taking a cue from recent US-China developments, Wednesday’s session saw the local bourse cheered by positive sentiment, with traders piling into YTL-related counters. Total traded volume recovered higher than the 3-month average with gainers outpacing losers at 546-to-375 stocks. On the broader market, the Construction (+1.50%) sector rebounded after healthy profit-taking activities, with GAMUDA (+6.0 sen) and IJM (+9.0 sen) leading the pack, while the Consumer Products & Services (-0.53%) sector declined the most.
Top 3 Active stocks:
MYEG (0138): RM0.970 (+2.0 sen)
TWL (7079): RM0.025 (unch)
YTL (4677): RM2.180 (+16.0 sen)
Volume: 3.27 bn (100-bar avg vol: 3.00 bn)
Value: RM2.59 bn (100-bar avg val: RM2.47 bn)
Market Breadth: ⬆️546⬇️375
Crude palm oil: RM3,831 (-RM33)
Dow Futures: 42,861 pts (-50 pts)
**Source: M+ Global, Bloomberg **