Good Morning All,
We issued a 2Q25 results note on our coverage stock IGB Commercial REIT: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We maintain our BUY recommendation with a higher target price of RM0.72. The target price is derived based on a targeted yield of 5.5% on its mid-FY26f DPU of 3.95 sen following the forecast revision.
Research Team, M+
30 July 2025
We issued a 2Q25 results note on our coverage stock IGB Commercial REIT: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We maintain our BUY recommendation with a higher target price of RM0.72. The target price is derived based on a targeted yield of 5.5% on its mid-FY26f DPU of 3.95 sen following the forecast revision.
Research Team, M+
30 July 2025
M+ Morning Market Buzz - 30Jul25
Dow Jones: 44,632.99 pts (-204.57pts, -0.46%)
⬆️ Resistance: 46000
⬇️ Support: 43700
FBM KLCI: 1,523.82 pts (-5.56pts, -0.36%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 25,524.45 pts (-37.68pts, -0.15%)
⬆️ Resistance: 26300
⬇️ Support: 24800
Crude Palm Oil: RM4,254 (+RM29, +0.68%)
⬆️ Resistance: 4470
⬇️ Support: 4120
Brent Oil: $72.51 (+$0.19, +0.26%)
⬆️ Resistance: 74.60
⬇️ Support: 66.70
Gold: $3,326.62 (+$4.41, +0.13%)
⬆️ Resistance: 3510
⬇️ Support: 3240
Source: Bloomberg, M+
Dow Jones: 44,632.99 pts (-204.57pts, -0.46%)
⬆️ Resistance: 46000
⬇️ Support: 43700
FBM KLCI: 1,523.82 pts (-5.56pts, -0.36%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 25,524.45 pts (-37.68pts, -0.15%)
⬆️ Resistance: 26300
⬇️ Support: 24800
Crude Palm Oil: RM4,254 (+RM29, +0.68%)
⬆️ Resistance: 4470
⬇️ Support: 4120
Brent Oil: $72.51 (+$0.19, +0.26%)
⬆️ Resistance: 74.60
⬇️ Support: 66.70
Gold: $3,326.62 (+$4.41, +0.13%)
⬆️ Resistance: 3510
⬇️ Support: 3240
Source: Bloomberg, M+
M+ Global Market Wrap - 30Jul25
FBM KLCI: 1,523.82 pts (+0.68pts, +0.04%)
Wednesday’s session saw the local bourse eke out marginal gains as renewed buying interest in Industrial Products & Services offset continued selling pressure in Banking stocks; the former was due to analysts’ upgrades on Petronas Chemical. Market breadth was however negative, with losers outpacing gainers 570-to-377, while heavy selling pressure in glove stocks such as KOSSAN (-2.0 sen) and SUPERMX (-1.5 sen) dampened sentiment in the Health Care sector (-1.03%).
Top 3 Active stocks:
NEXG (5216): RM0.115 (-3.0 sen)
TANCO (2429): RM0.835 (-9.0 sen)
ZETRIX (0138): RM0.845 (unch)
Volume: 2.65 bn (100-bar avg vol: 3.03 bn)
Value: RM2.07 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️377⬇️570
Crude palm oil: RM4,273 (+RM19)
Dow Futures: 44,811 pts (-5 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,523.82 pts (+0.68pts, +0.04%)
Wednesday’s session saw the local bourse eke out marginal gains as renewed buying interest in Industrial Products & Services offset continued selling pressure in Banking stocks; the former was due to analysts’ upgrades on Petronas Chemical. Market breadth was however negative, with losers outpacing gainers 570-to-377, while heavy selling pressure in glove stocks such as KOSSAN (-2.0 sen) and SUPERMX (-1.5 sen) dampened sentiment in the Health Care sector (-1.03%).
Top 3 Active stocks:
NEXG (5216): RM0.115 (-3.0 sen)
TANCO (2429): RM0.835 (-9.0 sen)
ZETRIX (0138): RM0.845 (unch)
Volume: 2.65 bn (100-bar avg vol: 3.03 bn)
Value: RM2.07 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️377⬇️570
Crude palm oil: RM4,273 (+RM19)
Dow Futures: 44,811 pts (-5 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 31Jul25
Dow Jones: 44,461.28 pts (-171.71pts, -0.38%)
⬆️ Resistance: 45900
⬇️ Support: 43400
FBM KLCI: 1,524.50 pts (+0.68pts, +0.04%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 25,176.93 pts (-347.52pts, -1.36%)
⬆️ Resistance: 26300
⬇️ Support: 24600
Crude Palm Oil: RM4,278 (-RM19, -0.44%)
⬆️ Resistance: 4470
⬇️ Support: 4120
Brent Oil: $73.24 (+$0.73, +1.01%)
⬆️ Resistance: 75.20
⬇️ Support: 67.00
Gold: $3,275.18 (+$3.56, +0.11%)
⬆️ Resistance: 3470
⬇️ Support: 3210
Source: Bloomberg, M+
Dow Jones: 44,461.28 pts (-171.71pts, -0.38%)
⬆️ Resistance: 45900
⬇️ Support: 43400
FBM KLCI: 1,524.50 pts (+0.68pts, +0.04%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 25,176.93 pts (-347.52pts, -1.36%)
⬆️ Resistance: 26300
⬇️ Support: 24600
Crude Palm Oil: RM4,278 (-RM19, -0.44%)
⬆️ Resistance: 4470
⬇️ Support: 4120
Brent Oil: $73.24 (+$0.73, +1.01%)
⬆️ Resistance: 75.20
⬇️ Support: 67.00
Gold: $3,275.18 (+$3.56, +0.11%)
⬆️ Resistance: 3470
⬇️ Support: 3210
Source: Bloomberg, M+
M+ Global Market Update – 31Jul25
Hawkish Tone Set By The Fed
US: Risk-off sentiment persisted on Wall Street ahead of the August 1st deadline on the trade war, coupled with Powell’s guidance of a slower easing cycle following the FOMC meeting, where the Fed kept the interest rate unchanged. Meanwhile, President Trump has announced a trade deal with South Korea, setting tariffs at 15% and S&P500 futures are rising after Meta’s and Microsoft’s better-than-expected results. Hence, we believe the market will be broadly positive as earnings are intact for the MAG7-related companies. In the commodities market, Brent Crude climbed toward USD72/bbl, Gold retreated to USD3,279/oz, and CPO prices held steady at RM4,259.
MY: Despite the Wall Street’s mixed performance, we expect the local bourse to start on a more positive tone, supported by Meta’s and Microsoft’s results. However, we expect the upward move to be limited as it is nearing the August 1st deadline on trade deals. Nevertheless, traders may focus on energy stocks like DELEUM and HIBISCS given the recent spike in Brent oil prices, while renewed buying interest may be seen in Industrial Products & Services after JPM’s upgrades on PCHEM, which eventually may boost the trading interest in LCTITAN. Besides, we like ADB for its strong net cash and high prospective dividend yield of more than 5%.
Stocks to watch:
Technology: *ADB*, ITMAX, *RAMSSOL*
Finance: *OSK*
O&G: *DELEUM*
Building Material: *MCEMENT*
Chemical: *LCTITAN*
REIT: SUNREIT
Property: LBS
Consumer: MFLOUR
Source: M+ Global
Hawkish Tone Set By The Fed
US: Risk-off sentiment persisted on Wall Street ahead of the August 1st deadline on the trade war, coupled with Powell’s guidance of a slower easing cycle following the FOMC meeting, where the Fed kept the interest rate unchanged. Meanwhile, President Trump has announced a trade deal with South Korea, setting tariffs at 15% and S&P500 futures are rising after Meta’s and Microsoft’s better-than-expected results. Hence, we believe the market will be broadly positive as earnings are intact for the MAG7-related companies. In the commodities market, Brent Crude climbed toward USD72/bbl, Gold retreated to USD3,279/oz, and CPO prices held steady at RM4,259.
MY: Despite the Wall Street’s mixed performance, we expect the local bourse to start on a more positive tone, supported by Meta’s and Microsoft’s results. However, we expect the upward move to be limited as it is nearing the August 1st deadline on trade deals. Nevertheless, traders may focus on energy stocks like DELEUM and HIBISCS given the recent spike in Brent oil prices, while renewed buying interest may be seen in Industrial Products & Services after JPM’s upgrades on PCHEM, which eventually may boost the trading interest in LCTITAN. Besides, we like ADB for its strong net cash and high prospective dividend yield of more than 5%.
Stocks to watch:
Technology: *ADB*, ITMAX, *RAMSSOL*
Finance: *OSK*
O&G: *DELEUM*
Building Material: *MCEMENT*
Chemical: *LCTITAN*
REIT: SUNREIT
Property: LBS
Consumer: MFLOUR
Source: M+ Global
M+ Global Market Wrap - 31Jul25
FBM KLCI: 1,513.25 pts (-11.25pts, -0.74%)
Thursday’s session saw the local bourse continue to trade negatively ahead of the 1st August deadline for US-MY trade deals, while ongoing re-rating in Banking stocks pushed the sector to a 1-month low. However, market breadth was positive, with gainers outpacing losers at 545-to-475, while total traded volume and traded value were above their 100-day average values. On the broader market, Technology (+2.18%) stocks outperformed, with ZETRIX (+3.5 sen) and INARI (+6.0 sen) leading the pack, while Industrial Products & Services (-1.09%) declined the most.
Top 3 Active stocks:
"
PHARMA (7081): RM0.175 (+1.5 sen)"
TWL (7079): RM0.025 (unch)
EAH (0154): RM0.005 (unch)
Volume: 3.77 bn (100-bar avg vol: 3.03 bn)
Value: RM3.10 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️545⬇️475
Crude palm oil: RM4,243 (-RM35)
Dow Futures: 44,815 pts (+182 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,513.25 pts (-11.25pts, -0.74%)
Thursday’s session saw the local bourse continue to trade negatively ahead of the 1st August deadline for US-MY trade deals, while ongoing re-rating in Banking stocks pushed the sector to a 1-month low. However, market breadth was positive, with gainers outpacing losers at 545-to-475, while total traded volume and traded value were above their 100-day average values. On the broader market, Technology (+2.18%) stocks outperformed, with ZETRIX (+3.5 sen) and INARI (+6.0 sen) leading the pack, while Industrial Products & Services (-1.09%) declined the most.
Top 3 Active stocks:
"
PHARMA (7081): RM0.175 (+1.5 sen)"
TWL (7079): RM0.025 (unch)
EAH (0154): RM0.005 (unch)
Volume: 3.77 bn (100-bar avg vol: 3.03 bn)
Value: RM3.10 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️545⬇️475
Crude palm oil: RM4,243 (-RM35)
Dow Futures: 44,815 pts (+182 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 1Aug25
Dow Jones: 44,130.98 pts (-330.30pts, -0.74%)
⬆️ Resistance: 45900
⬇️ Support: 43200
FBM KLCI: 1,513.25 pts (-11.25pts, -0.74%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 24,773.33 pts (-403.60pts, -1.60%)
⬆️ Resistance: 26200
⬇️ Support: 24300
Crude Palm Oil: RM4,230 (-RM29, -0.69%)
⬆️ Resistance: 4420
⬇️ Support: 4120
Brent Oil: $71.70 (-$0.77, -1.06%)
⬆️ Resistance: 75.20
⬇️ Support: 67.00
Gold: $3,289.93 (+$3.60, +0.11%)
⬆️ Resistance: 3450
⬇️ Support: 3210
Source: Bloomberg, M+
Dow Jones: 44,130.98 pts (-330.30pts, -0.74%)
⬆️ Resistance: 45900
⬇️ Support: 43200
FBM KLCI: 1,513.25 pts (-11.25pts, -0.74%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 24,773.33 pts (-403.60pts, -1.60%)
⬆️ Resistance: 26200
⬇️ Support: 24300
Crude Palm Oil: RM4,230 (-RM29, -0.69%)
⬆️ Resistance: 4420
⬇️ Support: 4120
Brent Oil: $71.70 (-$0.77, -1.06%)
⬆️ Resistance: 75.20
⬇️ Support: 67.00
Gold: $3,289.93 (+$3.60, +0.11%)
⬆️ Resistance: 3450
⬇️ Support: 3210
Source: Bloomberg, M+
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M+ Global Market Update – 01Aug25
Reciprocal Tariff Adjusted, More Upside on Bursa
US: Despite META and MSFT posting stronger-than-expected earnings, risk-off sentiment persisted on Wall Street as the August 1st trade war deadline looms, compounded with Powell’s guidance to keep the rates unchanged. However, any progress towards de-escalating the trade war would be deemed as a positive catalyst on US equities. Meanwhile, Figma IPO had a stellar start, closing at $115.50 (against IPO price of $33). After the market close, Apple reported 3Q25 earnings that beat Wall Street estimates. In commodities, Brent Crude pulled back to USD71/bbl, Gold held steady at USD3,294/oz, while CPO prices eased to RM4,201/MT.
MY: The local bourse may start on a weaker tone, tracking Wall Street’s performance. However, Malaysia’s reciprocal tariff is adjusted from 25% to 19%, hence this might provide a support towards the trades on the local front. Meanwhile, we anticipate buying interest in energy players like DELEUM, supported by the recent spike in Brent Crude, its strong net cash position, and attractive dividend yield. Besides, with additional contract wins in Johor and potential to replicate this success in Penang, we see ITMAX as a strong fundamental stock pick. Lastly, with Tenaga’s CapEx expected to extend through year-end, we believe this should benefit KJTS, MNHLDG, UUE, and SCGBHD for the foreseeable future.
Stocks to watch:
Technology: *CPETECH*, *EG*, NE
Construction: *HEGROUP*, INTA, JTGROUP
O&G: *HAWK*
Consumer: *MFLOUR*
Plantation: JPG
Gloves: KOSSAN
Source: M+ Global
Reciprocal Tariff Adjusted, More Upside on Bursa
US: Despite META and MSFT posting stronger-than-expected earnings, risk-off sentiment persisted on Wall Street as the August 1st trade war deadline looms, compounded with Powell’s guidance to keep the rates unchanged. However, any progress towards de-escalating the trade war would be deemed as a positive catalyst on US equities. Meanwhile, Figma IPO had a stellar start, closing at $115.50 (against IPO price of $33). After the market close, Apple reported 3Q25 earnings that beat Wall Street estimates. In commodities, Brent Crude pulled back to USD71/bbl, Gold held steady at USD3,294/oz, while CPO prices eased to RM4,201/MT.
MY: The local bourse may start on a weaker tone, tracking Wall Street’s performance. However, Malaysia’s reciprocal tariff is adjusted from 25% to 19%, hence this might provide a support towards the trades on the local front. Meanwhile, we anticipate buying interest in energy players like DELEUM, supported by the recent spike in Brent Crude, its strong net cash position, and attractive dividend yield. Besides, with additional contract wins in Johor and potential to replicate this success in Penang, we see ITMAX as a strong fundamental stock pick. Lastly, with Tenaga’s CapEx expected to extend through year-end, we believe this should benefit KJTS, MNHLDG, UUE, and SCGBHD for the foreseeable future.
Stocks to watch:
Technology: *CPETECH*, *EG*, NE
Construction: *HEGROUP*, INTA, JTGROUP
O&G: *HAWK*
Consumer: *MFLOUR*
Plantation: JPG
Gloves: KOSSAN
Source: M+ Global
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Good Evening All,
We issued a technical buy call on The Cheesecake Factory Incorporation: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Resilient earnings growth
(ii) A steady business with pivotal long-term maneuvers
(iii) Valuations appear undemanding
Research Team, M+
1 August 2025
We issued a technical buy call on The Cheesecake Factory Incorporation: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Resilient earnings growth
(ii) A steady business with pivotal long-term maneuvers
(iii) Valuations appear undemanding
Research Team, M+
1 August 2025
FBM KLCI: 1,533.35 pts (+20.10pts, +1.33%)
Friday’s session saw the local bourse cheer positively after developments on US reciprocal tariffs. Buying interest returned to Banking heavyweights, with CIMB (+24.0 sen) and Maybank (+21.0 sen) led the index. Market breadth was positive, with gainers outpacing losers at 570-to-452 stocks, with total trading volume stood at norms. On the broader market, resilient buying interest was seen in GAMUDA (+22.0 sen) and IJM (+11.0 sen), spurring gains across Construction (+3.10%) stocks, while Telco & Media (-0.80%) declined the most.
Top 3 Active stocks:
PHB (4464): RM0.005 (unch)
TWL (7079): RM0.025 (unch)
PHARMA (7081): RM0.170 (-0.5 sen)
Volume: 3.16 bn (100-bar avg vol: 3.03 bn)
Value: RM2.23 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️570⬇️452
Crude palm oil: RM4,216 (-RM14)
Dow Futures: 43,923 pts (-382 pts)
**Source: M+ Global, Bloomberg **
Friday’s session saw the local bourse cheer positively after developments on US reciprocal tariffs. Buying interest returned to Banking heavyweights, with CIMB (+24.0 sen) and Maybank (+21.0 sen) led the index. Market breadth was positive, with gainers outpacing losers at 570-to-452 stocks, with total trading volume stood at norms. On the broader market, resilient buying interest was seen in GAMUDA (+22.0 sen) and IJM (+11.0 sen), spurring gains across Construction (+3.10%) stocks, while Telco & Media (-0.80%) declined the most.
Top 3 Active stocks:
PHB (4464): RM0.005 (unch)
TWL (7079): RM0.025 (unch)
PHARMA (7081): RM0.170 (-0.5 sen)
Volume: 3.16 bn (100-bar avg vol: 3.03 bn)
Value: RM2.23 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️570⬇️452
Crude palm oil: RM4,216 (-RM14)
Dow Futures: 43,923 pts (-382 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 4Aug25
Dow Jones: 43,588.58 pts (-542.40pts, -1.23%)
⬆️ Resistance: 45900
⬇️ Support: 42500
FBM KLCI: 1,533.35 pts (+20.10pts, +1.33%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 24,507.81 pts (-265.52pts, -1.07%)
⬆️ Resistance: 26200
⬇️ Support: 24100
Crude Palm Oil: RM4,245 (+RM15, +0.35%)
⬆️ Resistance: 4390
⬇️ Support: 4110
Brent Oil: $69.67 (-$0.31, -0.44%)
⬆️ Resistance: 75.20
⬇️ Support: 67.00
Gold: $3,363.48 (-$4.74, -0.14%)
⬆️ Resistance: 3440
⬇️ Support: 3210
Source: Bloomberg, M+
Dow Jones: 43,588.58 pts (-542.40pts, -1.23%)
⬆️ Resistance: 45900
⬇️ Support: 42500
FBM KLCI: 1,533.35 pts (+20.10pts, +1.33%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 24,507.81 pts (-265.52pts, -1.07%)
⬆️ Resistance: 26200
⬇️ Support: 24100
Crude Palm Oil: RM4,245 (+RM15, +0.35%)
⬆️ Resistance: 4390
⬇️ Support: 4110
Brent Oil: $69.67 (-$0.31, -0.44%)
⬆️ Resistance: 75.20
⬇️ Support: 67.00
Gold: $3,363.48 (-$4.74, -0.14%)
⬆️ Resistance: 3440
⬇️ Support: 3210
Source: Bloomberg, M+
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M+ Global Market Update – 04Aug25
13MP Drives AI and Green Energy Tailwinds
US: Friday’s session saw Wall Street decline sharply, as the Trump administration imposed sweeping reciprocal tariffs on dozens of countries following its August 1 deadline, including a 35% tariff on Canadian imports. The volatility was intensified by a disappointing jobs report, with July’s nonfarm payrolls recorded at 73k, way below expectations of 110k. Investors rushed into safe havens like bonds and gold, with 10Y Treasury yields dropping toward 4.2%, while gold rallied toward USD3,363/oz. Meanwhile, Brent crude oil traded lower at USD69.7/bbl, while CPO rebounded toward RM4,245/MT.
MY: Tracking Wall Street’s sell-down last Friday, the local bourse might kickstart the week on a softer note. However, given that the 13th Malaysia Plan (13MP) charts strong emphasis on AI development, green energy and digital transformation, we continue to remain bullish toward the utilities, construction, telecommunication and renewable energy sectors, with some of our top picks include YTLPOWR, GAMUDA, TIMECOM, GASMSIA and SLVEST. Lastly, with ITMAX’s 70%-owned unit, Selmax Sdn Bhd, securing a 10-year contract from the Subang Jaya City Council under the Selangor Intelligent Parking (SIP) system, coupled with other contracts won in Johor and Penang, we continue to favour ITMAX as a strong fundamental stock pick.
Stocks to watch:
Technology: *ITMAX*, KGB, *VITROX*
Consumer: CKI, *MFLOUR*
Construction: *GAMUDA*, INTA
Property: *LBS*
Utility: MALAKOF
Financial: OSK
REIT: SUNREIT
Source: M+ Global
13MP Drives AI and Green Energy Tailwinds
US: Friday’s session saw Wall Street decline sharply, as the Trump administration imposed sweeping reciprocal tariffs on dozens of countries following its August 1 deadline, including a 35% tariff on Canadian imports. The volatility was intensified by a disappointing jobs report, with July’s nonfarm payrolls recorded at 73k, way below expectations of 110k. Investors rushed into safe havens like bonds and gold, with 10Y Treasury yields dropping toward 4.2%, while gold rallied toward USD3,363/oz. Meanwhile, Brent crude oil traded lower at USD69.7/bbl, while CPO rebounded toward RM4,245/MT.
MY: Tracking Wall Street’s sell-down last Friday, the local bourse might kickstart the week on a softer note. However, given that the 13th Malaysia Plan (13MP) charts strong emphasis on AI development, green energy and digital transformation, we continue to remain bullish toward the utilities, construction, telecommunication and renewable energy sectors, with some of our top picks include YTLPOWR, GAMUDA, TIMECOM, GASMSIA and SLVEST. Lastly, with ITMAX’s 70%-owned unit, Selmax Sdn Bhd, securing a 10-year contract from the Subang Jaya City Council under the Selangor Intelligent Parking (SIP) system, coupled with other contracts won in Johor and Penang, we continue to favour ITMAX as a strong fundamental stock pick.
Stocks to watch:
Technology: *ITMAX*, KGB, *VITROX*
Consumer: CKI, *MFLOUR*
Construction: *GAMUDA*, INTA
Property: *LBS*
Utility: MALAKOF
Financial: OSK
REIT: SUNREIT
Source: M+ Global
M+ Global Market Wrap - 4Aug25
FBM KLCI: 1,526.98 pts (-6.37pts, -0.42%)
Tracking the negative performance in the US last Friday, the FBMKLCI (-0.42%) kickstarted the week on a negative tone, closing lower at 1,526.98 pts, as losses in PBBANK (-5.0 sen) and TENAGA (-14.0 sen) dragged the key index lower. Analysts also warned that Malaysian exporters now face with potential US recession risks following the tariff turmoil, which could lead to weaker demand. The market breadth turned negative, with 584 losers against 390 winners. In the broader environment, the Utilities sector (+0.74%) outperformed, buoyed by gains in PETGAS (+24.0 sen) and YTL (+4.0 sen), while the Healthcare sector (-1.37%) declined the most.
Top 3 Active stocks:
TRIVE (0118): RM0.015 (+0.5 sen)
INARI (0166): RM1.990 (-14.0 sen)
MAGMA (7243): RM0.385 (-3.0 sen)
Volume: 2.63 bn (100-bar avg vol: 3.02 bn)
Value: RM1.94 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️390⬇️584
Crude palm oil: RM4,176 (-RM69)
Dow Futures: 43,988 pts (+278 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,526.98 pts (-6.37pts, -0.42%)
Tracking the negative performance in the US last Friday, the FBMKLCI (-0.42%) kickstarted the week on a negative tone, closing lower at 1,526.98 pts, as losses in PBBANK (-5.0 sen) and TENAGA (-14.0 sen) dragged the key index lower. Analysts also warned that Malaysian exporters now face with potential US recession risks following the tariff turmoil, which could lead to weaker demand. The market breadth turned negative, with 584 losers against 390 winners. In the broader environment, the Utilities sector (+0.74%) outperformed, buoyed by gains in PETGAS (+24.0 sen) and YTL (+4.0 sen), while the Healthcare sector (-1.37%) declined the most.
Top 3 Active stocks:
TRIVE (0118): RM0.015 (+0.5 sen)
INARI (0166): RM1.990 (-14.0 sen)
MAGMA (7243): RM0.385 (-3.0 sen)
Volume: 2.63 bn (100-bar avg vol: 3.02 bn)
Value: RM1.94 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️390⬇️584
Crude palm oil: RM4,176 (-RM69)
Dow Futures: 43,988 pts (+278 pts)
**Source: M+ Global, Bloomberg **
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M+ Morning Market Buzz - 5Aug25
Dow Jones: 44,173.64 pts (+585.06pts, +1.34%)
⬆️ Resistance: 45800
⬇️ Support: 42500
FBM KLCI: 1,526.98 pts (-6.37pts, -0.42%)
⬆️ Resistance: 1570
⬇️ Support: 1490
HSI Index: 24,733.45 pts (+225.64pts, +0.92%)
⬆️ Resistance: 26100
⬇️ Support: 23900
Crude Palm Oil: RM4,187 (+RM31, +0.74%)
⬆️ Resistance: 4390
⬇️ Support: 4080
Brent Oil: $68.76 (-$0.91, -1.31%)
⬆️ Resistance: 75.20
⬇️ Support: 66.70
Gold: $3,373.59 (+$0.14, +0.00%)
⬆️ Resistance: 3460
⬇️ Support: 3210
Source: Bloomberg, M+
Dow Jones: 44,173.64 pts (+585.06pts, +1.34%)
⬆️ Resistance: 45800
⬇️ Support: 42500
FBM KLCI: 1,526.98 pts (-6.37pts, -0.42%)
⬆️ Resistance: 1570
⬇️ Support: 1490
HSI Index: 24,733.45 pts (+225.64pts, +0.92%)
⬆️ Resistance: 26100
⬇️ Support: 23900
Crude Palm Oil: RM4,187 (+RM31, +0.74%)
⬆️ Resistance: 4390
⬇️ Support: 4080
Brent Oil: $68.76 (-$0.91, -1.31%)
⬆️ Resistance: 75.20
⬇️ Support: 66.70
Gold: $3,373.59 (+$0.14, +0.00%)
⬆️ Resistance: 3460
⬇️ Support: 3210
Source: Bloomberg, M+
👍2
M+ Global Market Update – 05Aug25
Wall Street’s Recovery May Lift Local Sentiment
US: Wall Street rebounded on renewed Fed rate cut bets, as softer jobs data raised the odds of a September rate cut to over 80%, despite lingering concerns after Trump’s dismissal of the US statistics chief. Tech stocks led the gains, suppIGBorted by continued momentum in Nvidia, Microsoft, and Meta, while earnings from AMD, Caterpillar, DVisney, and McDonald’s will be a key focus ahead amid sustained AI optimism. Meanwhile, investors will also look at the ISM Non-Manufacturing PMI for July later today. In the commodities market, Brent crude oil retreated further toward USD68.8/bbl as OPEC increased production, while gold saw an increase toward USD3,373.6/oz. Meanwhile, the CPO price is trading at RM4,187/MT.
MY: Tracking the overnight US recovery, we believe the local bourse may trade on a positive note. We favour the technology sector, as the OPR cut and anticipated Fed rate easing are expected to lower borrowing costs for technology companies. Malaysian tech players remain exempted from US tariffs, with our top picks including FRONTKEN, VITROX and EG. Meanwhile, SUNLOGY’s rally yesterday may spur spillover interest in other solar-related counters, supported by positive developments in the renewable energy space, including NETR and the 13MP. Lastly, investors may shift their attention to REITs for domestic-focused exposure.
Stocks to watch:
Technology: *FRONTKN*, RAMSSOL, *VITROX*
Construction: CBHB, *HEGROUP*, INTA
Utility: KJTS, SUNLOGY
Property: *ECOWLD*, LBS
REIT: IGBREIT, SUNREIT
Consumer: *99SMART*
Source: M+ Global
Wall Street’s Recovery May Lift Local Sentiment
US: Wall Street rebounded on renewed Fed rate cut bets, as softer jobs data raised the odds of a September rate cut to over 80%, despite lingering concerns after Trump’s dismissal of the US statistics chief. Tech stocks led the gains, suppIGBorted by continued momentum in Nvidia, Microsoft, and Meta, while earnings from AMD, Caterpillar, DVisney, and McDonald’s will be a key focus ahead amid sustained AI optimism. Meanwhile, investors will also look at the ISM Non-Manufacturing PMI for July later today. In the commodities market, Brent crude oil retreated further toward USD68.8/bbl as OPEC increased production, while gold saw an increase toward USD3,373.6/oz. Meanwhile, the CPO price is trading at RM4,187/MT.
MY: Tracking the overnight US recovery, we believe the local bourse may trade on a positive note. We favour the technology sector, as the OPR cut and anticipated Fed rate easing are expected to lower borrowing costs for technology companies. Malaysian tech players remain exempted from US tariffs, with our top picks including FRONTKEN, VITROX and EG. Meanwhile, SUNLOGY’s rally yesterday may spur spillover interest in other solar-related counters, supported by positive developments in the renewable energy space, including NETR and the 13MP. Lastly, investors may shift their attention to REITs for domestic-focused exposure.
Stocks to watch:
Technology: *FRONTKN*, RAMSSOL, *VITROX*
Construction: CBHB, *HEGROUP*, INTA
Utility: KJTS, SUNLOGY
Property: *ECOWLD*, LBS
REIT: IGBREIT, SUNREIT
Consumer: *99SMART*
Source: M+ Global
👍3😁3🥰1
M+ Global Market Wrap - 5Aug25
FBM KLCI: 1,538.64 pts (+11.66pts, +0.76%)
Following the positive overnight performance in the US, the FBMKLCI (+0.76%) rebounded and closed higher at 1,538.64 pts, as gains in MAYBANK (+12.0 sen) and IHH (+15.0 sen) lifted the key index. The former also announced a five-year, RM1.0bn partnership with Microsoft to accelerate its digital transformation. However, market breadth remained negative, with 533 losers against 479 winners. In the broader environment, the Utilities sector (+0.89%) continued to outperform, buoyed by gains in YTLPOWR (+12.0 sen) and TENAGA (+12.0 sen), while Healthcare sector (-1.37%) declined the most.
Top 3 Active stocks:
TWL (7079): RM0.025 (unch)
PHARMA (7081): RM0.185 (+0.5 sen)
TOPGLOV (7113): RM0.635 (-2.0 sen)
Volume: 2.87 bn (100-bar avg vol: 3.03 bn)
Value: RM2.75 bn (100-bar avg val: RM2.36 bn)
Market Breadth: ⬆️479⬇️533
Crude palm oil: RM4,285 (+RM98)
Dow Futures: 44,337 pts (+34 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,538.64 pts (+11.66pts, +0.76%)
Following the positive overnight performance in the US, the FBMKLCI (+0.76%) rebounded and closed higher at 1,538.64 pts, as gains in MAYBANK (+12.0 sen) and IHH (+15.0 sen) lifted the key index. The former also announced a five-year, RM1.0bn partnership with Microsoft to accelerate its digital transformation. However, market breadth remained negative, with 533 losers against 479 winners. In the broader environment, the Utilities sector (+0.89%) continued to outperform, buoyed by gains in YTLPOWR (+12.0 sen) and TENAGA (+12.0 sen), while Healthcare sector (-1.37%) declined the most.
Top 3 Active stocks:
TWL (7079): RM0.025 (unch)
PHARMA (7081): RM0.185 (+0.5 sen)
TOPGLOV (7113): RM0.635 (-2.0 sen)
Volume: 2.87 bn (100-bar avg vol: 3.03 bn)
Value: RM2.75 bn (100-bar avg val: RM2.36 bn)
Market Breadth: ⬆️479⬇️533
Crude palm oil: RM4,285 (+RM98)
Dow Futures: 44,337 pts (+34 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 6Aug25
Dow Jones: 44,111.74 pts (-61.90pts, -0.14%)
⬆️ Resistance: 45700
⬇️ Support: 42500
FBM KLCI: 1,538.64 pts (+11.66pts, +0.76%)
⬆️ Resistance: 1570
⬇️ Support: 1490
HSI Index: 24,902.53 pts (+169.08pts, +0.68%)
⬆️ Resistance: 26100
⬇️ Support: 23900
Crude Palm Oil: RM4,290 (-RM25, -0.58%)
⬆️ Resistance: 4400
⬇️ Support: 4080
Brent Oil: $67.64 (-$1.12, -1.63%)
⬆️ Resistance: 75.20
⬇️ Support: 66.20
Gold: $3,380.60 (-$1.33, -0.04%)
⬆️ Resistance: 3460
⬇️ Support: 3210
Source: Bloomberg, M+
Dow Jones: 44,111.74 pts (-61.90pts, -0.14%)
⬆️ Resistance: 45700
⬇️ Support: 42500
FBM KLCI: 1,538.64 pts (+11.66pts, +0.76%)
⬆️ Resistance: 1570
⬇️ Support: 1490
HSI Index: 24,902.53 pts (+169.08pts, +0.68%)
⬆️ Resistance: 26100
⬇️ Support: 23900
Crude Palm Oil: RM4,290 (-RM25, -0.58%)
⬆️ Resistance: 4400
⬇️ Support: 4080
Brent Oil: $67.64 (-$1.12, -1.63%)
⬆️ Resistance: 75.20
⬇️ Support: 66.20
Gold: $3,380.60 (-$1.33, -0.04%)
⬆️ Resistance: 3460
⬇️ Support: 3210
Source: Bloomberg, M+
M+ Global Market Update – 06Aug25
US Services Slowdown Dragged Sentiment
US: Wall Street slipped as US services activity contracted in July to 50.1, compared to 51.5 expected and 50.8 in June, raising concerns over economic momentum despite growing rate cut expectations. The softer ISM reading, alongside last week’s weak payrolls and recent Fed commentary, reinforced the case for a September cut. On the corporate front, Palantir surged after posting record quarterly revenue, driven by strong AI-related demand from government and enterprise clients. Meanwhile, investors also digested a narrower June trade deficit, down 16% MoM to USD60.2bn. In the commodities market, Brent crude oil traded lower at USD67.6/bbl, while gold and CPO traded higher at USD3,380.6/oz and RM4,290/MT respectively.
MY: Following the dip in the US, we believe the local bourse will turn slightly cautious today. Meanwhile, with the strong emphasis on AI development, green energy, and digital transformation under the 13MP, we continue to stay bullish toward the utilities, construction, telecommunication, and renewable energy sectors, with stocks like YTLPOWR, TENAGA, IJM, TIMECOM, GASMSIA, and SLVEST remaining as the picks within these segments. Lastly, for a more defensive approach, investors may start accumulating banking stocks, capitalising on their attractive dividends for long-term investment purposes.
Stocks to watch:
Utility: *GASMSIA*, *MALAKOF*, *PWRWELL*, YTL
Technology: *FRONTKN*, *ITMAX*, KGB, TM
Plantation: JPG, JTIASA
Finance: ABMB
Healthcare: KPJ
Source: M+ Global
US Services Slowdown Dragged Sentiment
US: Wall Street slipped as US services activity contracted in July to 50.1, compared to 51.5 expected and 50.8 in June, raising concerns over economic momentum despite growing rate cut expectations. The softer ISM reading, alongside last week’s weak payrolls and recent Fed commentary, reinforced the case for a September cut. On the corporate front, Palantir surged after posting record quarterly revenue, driven by strong AI-related demand from government and enterprise clients. Meanwhile, investors also digested a narrower June trade deficit, down 16% MoM to USD60.2bn. In the commodities market, Brent crude oil traded lower at USD67.6/bbl, while gold and CPO traded higher at USD3,380.6/oz and RM4,290/MT respectively.
MY: Following the dip in the US, we believe the local bourse will turn slightly cautious today. Meanwhile, with the strong emphasis on AI development, green energy, and digital transformation under the 13MP, we continue to stay bullish toward the utilities, construction, telecommunication, and renewable energy sectors, with stocks like YTLPOWR, TENAGA, IJM, TIMECOM, GASMSIA, and SLVEST remaining as the picks within these segments. Lastly, for a more defensive approach, investors may start accumulating banking stocks, capitalising on their attractive dividends for long-term investment purposes.
Stocks to watch:
Utility: *GASMSIA*, *MALAKOF*, *PWRWELL*, YTL
Technology: *FRONTKN*, *ITMAX*, KGB, TM
Plantation: JPG, JTIASA
Finance: ABMB
Healthcare: KPJ
Source: M+ Global
👍1
M+ Global Market Wrap - 6Aug25
FBM KLCI: 1,541.48 pts (+2.84pts, +0.18%)
Despite the negative overnight performance in the US, the FBMKLCI (+0.18%) bucked the trend and closed higher at 1,541.48 pts, buoyed by gains in PBBANK (+6.0 sen) and PETDAG (+116.0 sen). Asian markets also ended broadly higher, driven by anticipation of a Fed rate cut in September, which bodes well for the region. Market breadth remained negative, with 626 losers against 353 winners. On the sectoral front, Financial Services (+0.54%) outperformed, while the Healthcare sector (-1.74%) declined the most, as weak quarterly results by HARTA (-8.0 sen) dragged the sector lower.
Top 3 Active stocks:
NEXG (5216): RM0.535 (unch)
INARI (0166): RM1.86 (-11.0 sen)
TANCO (2429): RM0.780 (-3.5 sen)
Volume: 2.51 bn (100-bar avg vol: 3.02 bn)
Value: RM2.38 bn (100-bar avg val: RM2.36 bn)
Market Breadth: ⬆️353⬇️626
Crude palm oil: RM4,274 (-RM16)
Dow Futures: 44,403 pts (+167 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,541.48 pts (+2.84pts, +0.18%)
Despite the negative overnight performance in the US, the FBMKLCI (+0.18%) bucked the trend and closed higher at 1,541.48 pts, buoyed by gains in PBBANK (+6.0 sen) and PETDAG (+116.0 sen). Asian markets also ended broadly higher, driven by anticipation of a Fed rate cut in September, which bodes well for the region. Market breadth remained negative, with 626 losers against 353 winners. On the sectoral front, Financial Services (+0.54%) outperformed, while the Healthcare sector (-1.74%) declined the most, as weak quarterly results by HARTA (-8.0 sen) dragged the sector lower.
Top 3 Active stocks:
NEXG (5216): RM0.535 (unch)
INARI (0166): RM1.86 (-11.0 sen)
TANCO (2429): RM0.780 (-3.5 sen)
Volume: 2.51 bn (100-bar avg vol: 3.02 bn)
Value: RM2.38 bn (100-bar avg val: RM2.36 bn)
Market Breadth: ⬆️353⬇️626
Crude palm oil: RM4,274 (-RM16)
Dow Futures: 44,403 pts (+167 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 7Aug25
Dow Jones: 44,193.12 pts (+81.38pts, +0.18%)
⬆️ Resistance: 45600
⬇️ Support: 42500
FBM KLCI: 1,541.48 pts (+2.84pts, +0.18%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 24,910.63 pts (+8.10pts, +0.03%)
⬆️ Resistance: 25600
⬇️ Support: 23900
Crude Palm Oil: RM4,267 (-RM10, -0.23%)
⬆️ Resistance: 4400
⬇️ Support: 4080
Brent Oil: $66.89 (-$0.75, -1.11%)
⬆️ Resistance: 75.10
⬇️ Support: 64.90
Gold: $3,369.33 (+$2.75, +0.08%)
⬆️ Resistance: 3460
⬇️ Support: 3210
Source: Bloomberg, M+
Dow Jones: 44,193.12 pts (+81.38pts, +0.18%)
⬆️ Resistance: 45600
⬇️ Support: 42500
FBM KLCI: 1,541.48 pts (+2.84pts, +0.18%)
⬆️ Resistance: 1580
⬇️ Support: 1490
HSI Index: 24,910.63 pts (+8.10pts, +0.03%)
⬆️ Resistance: 25600
⬇️ Support: 23900
Crude Palm Oil: RM4,267 (-RM10, -0.23%)
⬆️ Resistance: 4400
⬇️ Support: 4080
Brent Oil: $66.89 (-$0.75, -1.11%)
⬆️ Resistance: 75.10
⬇️ Support: 64.90
Gold: $3,369.33 (+$2.75, +0.08%)
⬆️ Resistance: 3460
⬇️ Support: 3210
Source: Bloomberg, M+