M+ Morning Market Buzz - 17Oct25
Dow Jones: 45,952.24 pts (-301.07pts, -0.65%)
⬆️ Resistance: 47700
⬇️ Support: 44600
FBM KLCI: 1,612.29 pts (+0.74pts, +0.05%)
⬆️ Resistance: 1670
⬇️ Support: 1570
HSI Index: 25,888.51 pts (-22.09pts, -0.09%)
⬆️ Resistance: 27100
⬇️ Support: 24900
Crude Palm Oil: RM4,520 (+RM39, +0.86%)
⬆️ Resistance: 4710
⬇️ Support: 4350
Brent Oil: $61.06 (-$0.85, -1.37%)
⬆️ Resistance: 66.70
⬇️ Support: 59.70
Gold: $4,326.58 (+$34.64, +0.80%)
⬆️ Resistance: 4420
⬇️ Support: 3870
Source: Bloomberg, M+ Global
Dow Jones: 45,952.24 pts (-301.07pts, -0.65%)
⬆️ Resistance: 47700
⬇️ Support: 44600
FBM KLCI: 1,612.29 pts (+0.74pts, +0.05%)
⬆️ Resistance: 1670
⬇️ Support: 1570
HSI Index: 25,888.51 pts (-22.09pts, -0.09%)
⬆️ Resistance: 27100
⬇️ Support: 24900
Crude Palm Oil: RM4,520 (+RM39, +0.86%)
⬆️ Resistance: 4710
⬇️ Support: 4350
Brent Oil: $61.06 (-$0.85, -1.37%)
⬆️ Resistance: 66.70
⬇️ Support: 59.70
Gold: $4,326.58 (+$34.64, +0.80%)
⬆️ Resistance: 4420
⬇️ Support: 3870
Source: Bloomberg, M+ Global
👍4👏1
M+ Global Market Update – 17Oct25
Market Reversed Amid Shutdown and Trade Worries
US: Wall Street reversed on Thursday, as sentiment weakened amid ongoing U.S. government shutdown concerns and worsening US-China trade tensions. Hopes for a quick resolution faded after the Senate failed to pass a funding bill, while Treasury Secretary Bessent reaffirmed the administration’s hardline stance toward Beijing. Meanwhile, Fed Governor Waller signalled support for another 25bps rate cut later this month, reinforcing dovish expectations, but weaker US factory data and persistent political uncertainty weighed on risk appetite. Hence, we expect Wall Street to continue trading on a softer note today. Also, gold extended its record rally amid uncertainty and global turmoil, signalling deepening market unease.
MY: Given Wall Street's negative performance, we expect the FBMKLCI to trade on a softer note ahead of the long weekend. Meanwhile, analysts remain optimistic on FRONTKN, underpinned by: (i) stronger demand from TSMC ahead of 2nm mass production, (ii) improved pricing power arising from more complex precision cleaning processes, and (iii) new business opportunities from TSMC’s ongoing US expansion plans. The Budget 2026's continued support for the National Semiconductor Strategy (NSS) may also bode well for the semiconductor stocks. Finally, traders may focus on INARI, PENTA, and AWC for trading opportunities.
Stocks to watch:
Technology: CNERGENZ, *EDELTEQ*, *QES*
Gold-related: *POHKONG*, *TOMEI*, WELLCHIP
Construction: *SSB8*
Automotive: *BETA*
O&G: KEYFIELD
Consumer: MFLOUR
Source: M+ Global
Market Reversed Amid Shutdown and Trade Worries
US: Wall Street reversed on Thursday, as sentiment weakened amid ongoing U.S. government shutdown concerns and worsening US-China trade tensions. Hopes for a quick resolution faded after the Senate failed to pass a funding bill, while Treasury Secretary Bessent reaffirmed the administration’s hardline stance toward Beijing. Meanwhile, Fed Governor Waller signalled support for another 25bps rate cut later this month, reinforcing dovish expectations, but weaker US factory data and persistent political uncertainty weighed on risk appetite. Hence, we expect Wall Street to continue trading on a softer note today. Also, gold extended its record rally amid uncertainty and global turmoil, signalling deepening market unease.
MY: Given Wall Street's negative performance, we expect the FBMKLCI to trade on a softer note ahead of the long weekend. Meanwhile, analysts remain optimistic on FRONTKN, underpinned by: (i) stronger demand from TSMC ahead of 2nm mass production, (ii) improved pricing power arising from more complex precision cleaning processes, and (iii) new business opportunities from TSMC’s ongoing US expansion plans. The Budget 2026's continued support for the National Semiconductor Strategy (NSS) may also bode well for the semiconductor stocks. Finally, traders may focus on INARI, PENTA, and AWC for trading opportunities.
Stocks to watch:
Technology: CNERGENZ, *EDELTEQ*, *QES*
Gold-related: *POHKONG*, *TOMEI*, WELLCHIP
Construction: *SSB8*
Automotive: *BETA*
O&G: KEYFIELD
Consumer: MFLOUR
Source: M+ Global
Good Morning All,
We issued a technical buy call on Inari Amerton Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Gradual earnings recovery in FY26–27
(ii) Lumileds acquisition to broaden OSAT capabilities
(iii) Beneficiary of National Semiconductor Strategy (NSS)
Research Team, M+
17 October 2025
We issued a technical buy call on Inari Amerton Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Gradual earnings recovery in FY26–27
(ii) Lumileds acquisition to broaden OSAT capabilities
(iii) Beneficiary of National Semiconductor Strategy (NSS)
Research Team, M+
17 October 2025
M+ Global Market Wrap - 17Oct25
FBM KLCI: 1,607.18 pts (-5.11pts, -0.32%)
Tracking the Asian markets’ selldown amid concerns over weakening credit health among the US regional banks, the FBMKLCI (-0.32%) experienced a pullback ahead of the long weekend, dragged by losses in GAMUDA (-14.0 sen) and SUNWAY (-12.0 sen). Market breadth remained negative, with 985 losers against 292 winners. All sectors also ended in negative territory, with Technology (-3.82%) and Construction (-2.21%) as the worst performers.
Top 3 Active stocks:
AIZO (7219): RM0.080 (+0.5 sen)
ZETRIX (0138): RM0.835 (-2.0 sen)
PHARMA (7081): RM0.270 (+0.5 sen)
Volume: 3.81 bn (100-bar avg vol: 3.04 bn)
Value: RM3.03 bn (100-bar avg val: RM2.55 bn)
Market Breadth: ⬆️292⬇️985
Crude Palm Oil: RM4,520 (-RM11, -0.24%)
Dow Futures: 45,793 pts (-367 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,607.18 pts (-5.11pts, -0.32%)
Tracking the Asian markets’ selldown amid concerns over weakening credit health among the US regional banks, the FBMKLCI (-0.32%) experienced a pullback ahead of the long weekend, dragged by losses in GAMUDA (-14.0 sen) and SUNWAY (-12.0 sen). Market breadth remained negative, with 985 losers against 292 winners. All sectors also ended in negative territory, with Technology (-3.82%) and Construction (-2.21%) as the worst performers.
Top 3 Active stocks:
AIZO (7219): RM0.080 (+0.5 sen)
ZETRIX (0138): RM0.835 (-2.0 sen)
PHARMA (7081): RM0.270 (+0.5 sen)
Volume: 3.81 bn (100-bar avg vol: 3.04 bn)
Value: RM3.03 bn (100-bar avg val: RM2.55 bn)
Market Breadth: ⬆️292⬇️985
Crude Palm Oil: RM4,520 (-RM11, -0.24%)
Dow Futures: 45,793 pts (-367 pts)
**Source: M+ Global, Bloomberg **
👏2
M+ Morning Market Buzz - 21Oct25
Dow Jones: 46,706.58 pts (+515.97pts, +1.12%)
⬆️ Resistance: 47700
⬇️ Support: 44600
FBM KLCI: 1,607.18 pts (-5.11pts, -0.32%)
⬆️ Resistance: 1660
⬇️ Support: 1580
HSI Index: 25,858.83 pts (+611.73pts, +2.42%)
⬆️ Resistance: 26700
⬇️ Support: 24700
Crude Palm Oil: RM4,513 (-RM7, -0.15%)
⬆️ Resistance: 4670
⬇️ Support: 4350
Brent Oil: $61.01 (-$0.28, -0.46%)
⬆️ Resistance: 65.00
⬇️ Support: 58.90
Gold: $4,356.30 (+$11.37, +0.26%)
⬆️ Resistance: 4470
⬇️ Support: 4010
Source: Bloomberg, M+ Global
Dow Jones: 46,706.58 pts (+515.97pts, +1.12%)
⬆️ Resistance: 47700
⬇️ Support: 44600
FBM KLCI: 1,607.18 pts (-5.11pts, -0.32%)
⬆️ Resistance: 1660
⬇️ Support: 1580
HSI Index: 25,858.83 pts (+611.73pts, +2.42%)
⬆️ Resistance: 26700
⬇️ Support: 24700
Crude Palm Oil: RM4,513 (-RM7, -0.15%)
⬆️ Resistance: 4670
⬇️ Support: 4350
Brent Oil: $61.01 (-$0.28, -0.46%)
⬆️ Resistance: 65.00
⬇️ Support: 58.90
Gold: $4,356.30 (+$11.37, +0.26%)
⬆️ Resistance: 4470
⬇️ Support: 4010
Source: Bloomberg, M+ Global
M+ Global Market Update – 21Oct25
Wall Street Gained Amid Easing US-China Tensions
US: Wall Street rallied on Monday, supported by easing US-China tensions and optimism over a potential end to the ongoing government shutdown. President Trump downplayed the likelihood of triple-digit tariffs on China and confirmed plans to meet President Xi in South Korea later this month, while Treasury Secretary Bessent held “constructive discussions” with Chinese officials according to Chinese state news sources. Meanwhile, investors will turn their focus to key earnings from Netflix and Tesla this week, alongside the delayed release of US inflation data on Friday. Given the positive developments in US-China relations, we expect Wall Street to continue its optimism today.
MY: Tracking the positive overnight performance in the US, we expect the FBMKLCI to kickstart the week on a stronger note. Meanwhile, we noticed some buying interest in automotive stocks such as DRBHCOM and MBMR, potentially benefitting from the car scrapping policy that offers up to RM4,000 in matching grants for replacing vehicles over 20 years old with a new national car. With anticipated rate cuts moving forward, we remain optimistic toward the REIT and Property sectors. Lastly, traders may monitor CAPITALA and AAX for trading opportunities, underpinned by CAPITALA’s potential PN17 upliftment by December.
Stocks to watch:
O&G: *DIALOG*, *KEYFIELD*
Healthcare: EDGENTA, *KPJ*
Technology: *INFOM*
Automotive: *BETA*
Finance: *BURSA*
Plantation: JPG
Telco: MAXIS
Aviation: CAPITALA
Source: M+ Global
Wall Street Gained Amid Easing US-China Tensions
US: Wall Street rallied on Monday, supported by easing US-China tensions and optimism over a potential end to the ongoing government shutdown. President Trump downplayed the likelihood of triple-digit tariffs on China and confirmed plans to meet President Xi in South Korea later this month, while Treasury Secretary Bessent held “constructive discussions” with Chinese officials according to Chinese state news sources. Meanwhile, investors will turn their focus to key earnings from Netflix and Tesla this week, alongside the delayed release of US inflation data on Friday. Given the positive developments in US-China relations, we expect Wall Street to continue its optimism today.
MY: Tracking the positive overnight performance in the US, we expect the FBMKLCI to kickstart the week on a stronger note. Meanwhile, we noticed some buying interest in automotive stocks such as DRBHCOM and MBMR, potentially benefitting from the car scrapping policy that offers up to RM4,000 in matching grants for replacing vehicles over 20 years old with a new national car. With anticipated rate cuts moving forward, we remain optimistic toward the REIT and Property sectors. Lastly, traders may monitor CAPITALA and AAX for trading opportunities, underpinned by CAPITALA’s potential PN17 upliftment by December.
Stocks to watch:
O&G: *DIALOG*, *KEYFIELD*
Healthcare: EDGENTA, *KPJ*
Technology: *INFOM*
Automotive: *BETA*
Finance: *BURSA*
Plantation: JPG
Telco: MAXIS
Aviation: CAPITALA
Source: M+ Global
M+ Global Market Wrap - 21Oct25
FBM KLCI: 1,614.69 pts (+7.51pts, +0.47%)
In line with the positive Wall Street overnight performance, the FBMKLCI (+0.60%) started the week on a stronger note, buoyed by gains in key heavyweights like PBBANK (+7.0 sen) and NESTLE (+450.0 sen). Asian markets also closed broadly higher, underpinned by easing US-China tensions. Market breadth was positive, with 779 winners against 369 losers. Sector-wise, Technology (+2.38%) rebounded, led by INARI (+11.0 sen) and GREATEC (+10.0 sen), while REIT (-0.22%) was the only sector that ended in negative territory.
Top 3 Active stocks:
TANCO (2429): RM0.870 (+1.0 sen)
EAH (0154): RM0.005 (unch)
TWL (7079): RM0.025 (unch)
Volume: 3.69 bn (100-bar avg vol: 3.05 bn)
Value: RM2.55 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️779⬇️369
Crude Palm Oil: RM4,513 (-RM2, -0.04%)
Dow Futures: 46,826 pts (-87 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,614.69 pts (+7.51pts, +0.47%)
In line with the positive Wall Street overnight performance, the FBMKLCI (+0.60%) started the week on a stronger note, buoyed by gains in key heavyweights like PBBANK (+7.0 sen) and NESTLE (+450.0 sen). Asian markets also closed broadly higher, underpinned by easing US-China tensions. Market breadth was positive, with 779 winners against 369 losers. Sector-wise, Technology (+2.38%) rebounded, led by INARI (+11.0 sen) and GREATEC (+10.0 sen), while REIT (-0.22%) was the only sector that ended in negative territory.
Top 3 Active stocks:
TANCO (2429): RM0.870 (+1.0 sen)
EAH (0154): RM0.005 (unch)
TWL (7079): RM0.025 (unch)
Volume: 3.69 bn (100-bar avg vol: 3.05 bn)
Value: RM2.55 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️779⬇️369
Crude Palm Oil: RM4,513 (-RM2, -0.04%)
Dow Futures: 46,826 pts (-87 pts)
**Source: M+ Global, Bloomberg **
M+ Global Market Update – 22Oct25
“Sell The Dollar” Sentiment Faded
US: While there was little progress towards de-escalating trade war and government shutdown concerns, Wall Street inched higher ahead of inflation data and Q3 corporate earnings. To reiterate, we believe AI-related stocks remain a key tailwind, with ASML’s Q3 results coming in above analysts’ estimates, underscoring ongoing demand amid strong investments in AI infrastructure. Moreover, we believe market participants are starting to recognize Salesforce’s autonomous agent segment, given the recent breakout. This breakout, we believe, reflects that recent quarters’ bookings were largely driven by its existing customers—all of which stand as a strong testament to its delivery capabilities.
MY: In view of a mixed Wall Street performance, coupled with Malaysia’s upcoming ASEAN Summit as well as positive developments from the Budget 2026, we expect the KLCI index to trade on a firmer note. On stock picks, we believe DRBHCOM, MBMR, and TCHONG are potential proxies for the recent car scrapping policy (matching grants for replacing vehicles over 20 years old with a new national car). Moreover, growing power demand from data centre investments, compounded by the ongoing NETR masterplan and Tenaga’s expanding CapEx could bode well for utility players such as GASMSIA, MNHLDG, and KJTS.
Stocks to watch:
Technology: ATECH, *EG*, SNS, *UNISEM*
Automotive: BETA, *MCEHLDG*
Consumer: *MFLOUR*, TEOSENG
O&G: *KEYFIELD*
Healthcare: EDGENTA
Source: M+ Global
“Sell The Dollar” Sentiment Faded
US: While there was little progress towards de-escalating trade war and government shutdown concerns, Wall Street inched higher ahead of inflation data and Q3 corporate earnings. To reiterate, we believe AI-related stocks remain a key tailwind, with ASML’s Q3 results coming in above analysts’ estimates, underscoring ongoing demand amid strong investments in AI infrastructure. Moreover, we believe market participants are starting to recognize Salesforce’s autonomous agent segment, given the recent breakout. This breakout, we believe, reflects that recent quarters’ bookings were largely driven by its existing customers—all of which stand as a strong testament to its delivery capabilities.
MY: In view of a mixed Wall Street performance, coupled with Malaysia’s upcoming ASEAN Summit as well as positive developments from the Budget 2026, we expect the KLCI index to trade on a firmer note. On stock picks, we believe DRBHCOM, MBMR, and TCHONG are potential proxies for the recent car scrapping policy (matching grants for replacing vehicles over 20 years old with a new national car). Moreover, growing power demand from data centre investments, compounded by the ongoing NETR masterplan and Tenaga’s expanding CapEx could bode well for utility players such as GASMSIA, MNHLDG, and KJTS.
Stocks to watch:
Technology: ATECH, *EG*, SNS, *UNISEM*
Automotive: BETA, *MCEHLDG*
Consumer: *MFLOUR*, TEOSENG
O&G: *KEYFIELD*
Healthcare: EDGENTA
Source: M+ Global
M+ Morning Market Buzz - 22Oct25
Dow Jones: 46,924.74 pts (+218.16pts, +0.47%)
⬆️ Resistance: 48100
⬇️ Support: 44900
FBM KLCI: 1,616.83 pts (+9.65pts, +0.60%)
⬆️ Resistance: 1660
⬇️ Support: 1580
HSI Index: 26,027.55 pts (+168.72pts, +0.65%)
⬆️ Resistance: 26900
⬇️ Support: 24700
Crude Palm Oil: RM4,505 (-RM10, -0.22%)
⬆️ Resistance: 4670
⬇️ Support: 4350
Brent Oil: $61.32 (+$0.31, +0.51%)
⬆️ Resistance: 64.40
⬇️ Support: 58.90
Gold: $4,125.22 (-$15.39, -0.37%)
⬆️ Resistance: 4470
⬇️ Support: 4010
Source: Bloomberg, M+ Global
Dow Jones: 46,924.74 pts (+218.16pts, +0.47%)
⬆️ Resistance: 48100
⬇️ Support: 44900
FBM KLCI: 1,616.83 pts (+9.65pts, +0.60%)
⬆️ Resistance: 1660
⬇️ Support: 1580
HSI Index: 26,027.55 pts (+168.72pts, +0.65%)
⬆️ Resistance: 26900
⬇️ Support: 24700
Crude Palm Oil: RM4,505 (-RM10, -0.22%)
⬆️ Resistance: 4670
⬇️ Support: 4350
Brent Oil: $61.32 (+$0.31, +0.51%)
⬆️ Resistance: 64.40
⬇️ Support: 58.90
Gold: $4,125.22 (-$15.39, -0.37%)
⬆️ Resistance: 4470
⬇️ Support: 4010
Source: Bloomberg, M+ Global
M+ Global Market Wrap - 22Oct25
FBM KLCI: 1,602.16 pts (-14.67pts, -0.91%)
FBMKLCI (-0.87%) experienced a decline due to the drop in gold price, causing panic among investors and pressuring the market. Market breadth was negative with 355 winners against 699 losers. Sector-wise, Telecommunication & Media (-1.21%) was the biggest drop sector, dragged by AXIATA (-8.0 sen) and CDB (-5.0 sen), while Plantation (+0.07%) was the only sector that outperformed.
Top 3 Active stocks:
PTRANS (0186): RM0.335 (-30.0 sen)
VERDANT (0373): RM0.37 (unch)
PHARMA (7081): RM0.26 (-1.5 sen)
Volume: 3.41 bn (100-bar avg vol: 3.05 bn)
Value: RM2.34 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️355 ⬇️699
Crude Palm Oil: RM4,505 (-RM68, -1.51%)
Dow Futures: 47,115 pts (-20 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,602.16 pts (-14.67pts, -0.91%)
FBMKLCI (-0.87%) experienced a decline due to the drop in gold price, causing panic among investors and pressuring the market. Market breadth was negative with 355 winners against 699 losers. Sector-wise, Telecommunication & Media (-1.21%) was the biggest drop sector, dragged by AXIATA (-8.0 sen) and CDB (-5.0 sen), while Plantation (+0.07%) was the only sector that outperformed.
Top 3 Active stocks:
PTRANS (0186): RM0.335 (-30.0 sen)
VERDANT (0373): RM0.37 (unch)
PHARMA (7081): RM0.26 (-1.5 sen)
Volume: 3.41 bn (100-bar avg vol: 3.05 bn)
Value: RM2.34 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️355 ⬇️699
Crude Palm Oil: RM4,505 (-RM68, -1.51%)
Dow Futures: 47,115 pts (-20 pts)
**Source: M+ Global, Bloomberg **
M+ Global Market Update – 23Oct25
US-China Trade Tension Intensified
US: With the recent consideration by the Trump administration to curb exports to China made with US software, coupled with Netflix’s disappointing results, risk-off sentiment persists across Wall Street’s major indices. However, we still like the AI space, especially with the introduction of the autonomous agent segment by Salesforce. Its recent breakout is largely driven by existing customers’ bookings, which strongly proves the product’s value. Heading into the earnings season, we believe Amazon could offer an earnings play, given its continuous earnings beats over the last few quarters, while Adobe appears to be trading at deep valuations.
MY: Tracking Wall Street’s negative lead, we expect the KLCI index to follow suit and extend the risk-off sentiment. However, we believe glove valuations remain undemanding: (i) despite the Malaysia-China pricing differentials, (ii) amid the ongoing US-China trade tensions, and (iii) supported by TOPGLOV’s robust earnings. Moreover, we see trading opportunities within BNASTRA and INTA, given their (i) steady earnings results, (ii) sizeable order book coverage, and (iii) undemanding valuations. Over in the utilities sector, GASMSIA, MNHLDG, and KJTS are direct proxies for the NETR master plan and TNB’s CapEx rollout.
Stocks to watch:
Technology: ADB, EDELTEQ, *INFOM*, *NE*, QES, *VITROX*
Consumer: MEGAFB, *TEOSENG*
Construction: *JTGROUP*
O&G: *KEYFIELD*
Utility: KENERGY
Source: M+ Global
US-China Trade Tension Intensified
US: With the recent consideration by the Trump administration to curb exports to China made with US software, coupled with Netflix’s disappointing results, risk-off sentiment persists across Wall Street’s major indices. However, we still like the AI space, especially with the introduction of the autonomous agent segment by Salesforce. Its recent breakout is largely driven by existing customers’ bookings, which strongly proves the product’s value. Heading into the earnings season, we believe Amazon could offer an earnings play, given its continuous earnings beats over the last few quarters, while Adobe appears to be trading at deep valuations.
MY: Tracking Wall Street’s negative lead, we expect the KLCI index to follow suit and extend the risk-off sentiment. However, we believe glove valuations remain undemanding: (i) despite the Malaysia-China pricing differentials, (ii) amid the ongoing US-China trade tensions, and (iii) supported by TOPGLOV’s robust earnings. Moreover, we see trading opportunities within BNASTRA and INTA, given their (i) steady earnings results, (ii) sizeable order book coverage, and (iii) undemanding valuations. Over in the utilities sector, GASMSIA, MNHLDG, and KJTS are direct proxies for the NETR master plan and TNB’s CapEx rollout.
Stocks to watch:
Technology: ADB, EDELTEQ, *INFOM*, *NE*, QES, *VITROX*
Consumer: MEGAFB, *TEOSENG*
Construction: *JTGROUP*
O&G: *KEYFIELD*
Utility: KENERGY
Source: M+ Global
M+ Morning Market Buzz - 23Oct25
Dow Jones: 46,590.41 pts (-334.33pts, -0.71%)
⬆️ Resistance: 48100
⬇️ Support: 44900
FBM KLCI: 1,602.69 pts (-14.14pts, -0.87%)
⬆️ Resistance: 1650
⬇️ Support: 1580
HSI Index: 25,781.77 pts (-245.78pts, -0.94%)
⬆️ Resistance: 26900
⬇️ Support: 24700
Crude Palm Oil: RM4,456 (-RM33, -0.74%)
⬆️ Resistance: 4670
⬇️ Support: 4340
Brent Oil: $62.59 (+$1.27, +2.07%)
⬆️ Resistance: 65.80
⬇️ Support: 58.90
Gold: $4,098.42 (-$1.93, -0.05%)
⬆️ Resistance: 4470
⬇️ Support: 3930
Source: Bloomberg, M+ Global
Dow Jones: 46,590.41 pts (-334.33pts, -0.71%)
⬆️ Resistance: 48100
⬇️ Support: 44900
FBM KLCI: 1,602.69 pts (-14.14pts, -0.87%)
⬆️ Resistance: 1650
⬇️ Support: 1580
HSI Index: 25,781.77 pts (-245.78pts, -0.94%)
⬆️ Resistance: 26900
⬇️ Support: 24700
Crude Palm Oil: RM4,456 (-RM33, -0.74%)
⬆️ Resistance: 4670
⬇️ Support: 4340
Brent Oil: $62.59 (+$1.27, +2.07%)
⬆️ Resistance: 65.80
⬇️ Support: 58.90
Gold: $4,098.42 (-$1.93, -0.05%)
⬆️ Resistance: 4470
⬇️ Support: 3930
Source: Bloomberg, M+ Global
Good Morning All,
We issued a 3Q25 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 RM0.75. The target price is derived based on a targeted yield of 5.5% on its FY26f EPU of 4.03 sen.
Research Team, M+
23 October 2025
We issued a 3Q25 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 RM0.75. The target price is derived based on a targeted yield of 5.5% on its FY26f EPU of 4.03 sen.
Research Team, M+
23 October 2025
M+ Global Market Wrap - 23Oct25
FBM KLCI: 1,608.00 pts (+5.31pts, +0.33%)
FBMKLCI (+0.33%) rebounded from yesterday's decline, aligned with the Hong Kong and China markets. Meanwhile, THMY Holdings Bhd's strong ACE Market debut drove market sentiment into the positive territory with other selected technology stocks. Market breadth overall was negative, with 470 winners against 589 losers. Sectoral wise, overall performance was led by Health Care (+0.89%), with KPJ (+5.0 sen) leading, and the most underperforming sector was Construction (-0.59%), dragged by GAMUDA (-6.0 sen).
Top 3 Active stocks:
PTRANS (0186): RM0.330 (-0.5 sen)
THMY (0375): RM0.91 (+60.0 sen)
TANCO (2429): RM0.88 (+0.5 sen)
Volume: 3.29 bn (100-bar avg vol: 3.06 bn)
Value: RM2.39 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️470 ⬇️589
Crude Palm Oil: RM4,456 (-RM27, -0.61%)
Dow Futures: 46,741 pts (-41 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,608.00 pts (+5.31pts, +0.33%)
FBMKLCI (+0.33%) rebounded from yesterday's decline, aligned with the Hong Kong and China markets. Meanwhile, THMY Holdings Bhd's strong ACE Market debut drove market sentiment into the positive territory with other selected technology stocks. Market breadth overall was negative, with 470 winners against 589 losers. Sectoral wise, overall performance was led by Health Care (+0.89%), with KPJ (+5.0 sen) leading, and the most underperforming sector was Construction (-0.59%), dragged by GAMUDA (-6.0 sen).
Top 3 Active stocks:
PTRANS (0186): RM0.330 (-0.5 sen)
THMY (0375): RM0.91 (+60.0 sen)
TANCO (2429): RM0.88 (+0.5 sen)
Volume: 3.29 bn (100-bar avg vol: 3.06 bn)
Value: RM2.39 bn (100-bar avg val: RM2.57 bn)
Market Breadth: ⬆️470 ⬇️589
Crude Palm Oil: RM4,456 (-RM27, -0.61%)
Dow Futures: 46,741 pts (-41 pts)
**Source: M+ Global, Bloomberg **
M+ Global Market Update – 24Oct25
Intel’s Earnings Beat May Support Technology Stocks
US: Given that President Trump is expected to participate in a bilateral meeting with President Xi next week, coupled with positive earnings beats from Intel, Wall Street may continue its momentum today. Moreover, we expect the earnings beats to act as a potential catalyst for KLA Corp. We also believe NVIDIA’s CapEx revival at Intel would have positive spillover effects, given Intel’s efforts to develop a viable foundry business. This, in turn, fuels a stronger long-term CapEx outlook—a factor to which KLA Corp.’s earnings are tied. Meanwhile, the gold price is holding above $4,000/oz.
MY: In view of a positive overnight performance on Wall Street, we expect the KLCI index to follow suit and trade on a firmer note. Moreover, we believe this will support buying interest within the technology sector, with a key focus on selected upward-trending companies such as KGB, VITROX, and FRONTKN. Traders may also focus on consumer stocks such as LWSABAH, driven by (i) contributions from its recent acquisition of Twinine and (ii) a conservative ~RM1 million monthly revenue from 99SMART product placement. We deem the stock to be trading at appealing valuation levels, with margins notably standing well above its peers, and its stock price is playing catch-up with Spritzer.
Stocks to watch:
Technology: KGB, *MPI*, *NE*, VITROX
Construction: JTGROUP, *SKBSHUT*
Consumer: LHI, *LWSABAH*
Automotive: *MCEHLDG*
Healthcare: KPJ
O&G: KEYFIELD
Utility: KENERGY
Source: M+ Global
Intel’s Earnings Beat May Support Technology Stocks
US: Given that President Trump is expected to participate in a bilateral meeting with President Xi next week, coupled with positive earnings beats from Intel, Wall Street may continue its momentum today. Moreover, we expect the earnings beats to act as a potential catalyst for KLA Corp. We also believe NVIDIA’s CapEx revival at Intel would have positive spillover effects, given Intel’s efforts to develop a viable foundry business. This, in turn, fuels a stronger long-term CapEx outlook—a factor to which KLA Corp.’s earnings are tied. Meanwhile, the gold price is holding above $4,000/oz.
MY: In view of a positive overnight performance on Wall Street, we expect the KLCI index to follow suit and trade on a firmer note. Moreover, we believe this will support buying interest within the technology sector, with a key focus on selected upward-trending companies such as KGB, VITROX, and FRONTKN. Traders may also focus on consumer stocks such as LWSABAH, driven by (i) contributions from its recent acquisition of Twinine and (ii) a conservative ~RM1 million monthly revenue from 99SMART product placement. We deem the stock to be trading at appealing valuation levels, with margins notably standing well above its peers, and its stock price is playing catch-up with Spritzer.
Stocks to watch:
Technology: KGB, *MPI*, *NE*, VITROX
Construction: JTGROUP, *SKBSHUT*
Consumer: LHI, *LWSABAH*
Automotive: *MCEHLDG*
Healthcare: KPJ
O&G: KEYFIELD
Utility: KENERGY
Source: M+ Global
M+ Morning Market Buzz - 24Oct25
Dow Jones: 46,734.61 pts (+144.20pts, +0.31%)
⬆️ Resistance: 48100
⬇️ Support: 45000
FBM KLCI: 1,608.00 pts (+5.31pts, +0.33%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 25,967.98 pts (+186.21pts, +0.72%)
⬆️ Resistance: 26900
⬇️ Support: 24700
Crude Palm Oil: RM4,471 (-RM5, -0.11%)
⬆️ Resistance: 4670
⬇️ Support: 4330
Brent Oil: $65.99 (+$3.40, +5.43%)
⬆️ Resistance: 67.70
⬇️ Support: 58.90
Gold: $4,126.28 (-$7.49, -0.18%)
⬆️ Resistance: 4470
⬇️ Support: 3930
Source: Bloomberg, M+ Global
Dow Jones: 46,734.61 pts (+144.20pts, +0.31%)
⬆️ Resistance: 48100
⬇️ Support: 45000
FBM KLCI: 1,608.00 pts (+5.31pts, +0.33%)
⬆️ Resistance: 1650
⬇️ Support: 1570
HSI Index: 25,967.98 pts (+186.21pts, +0.72%)
⬆️ Resistance: 26900
⬇️ Support: 24700
Crude Palm Oil: RM4,471 (-RM5, -0.11%)
⬆️ Resistance: 4670
⬇️ Support: 4330
Brent Oil: $65.99 (+$3.40, +5.43%)
⬆️ Resistance: 67.70
⬇️ Support: 58.90
Gold: $4,126.28 (-$7.49, -0.18%)
⬆️ Resistance: 4470
⬇️ Support: 3930
Source: Bloomberg, M+ Global
🥰3😁1
Good Morning All,
Here’s our company note on EG Industries Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM2.03 per share for EG, indicating a 50.4% upside from the share price of RM1.35. This valuation is based on a PE multiple of 16.8x pegged to mid-FY27f EPS of 12.04 sen.
Investment highlights include:
(i) First 5G optical module technology transfer to Southeast Asia through CIG
(ii) Capacity expansion through Smart Factory 4.0 in Batu Kawan
(iii) Margin improvement through upstream venture
(iv) Expansion into the EV and autonomous vehicle supply chain
(v) C-TPAT accreditation reinforces supply chain reliability and global trade compliance
Research Team, M+
24 Oct 2025
Here’s our company note on EG Industries Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM2.03 per share for EG, indicating a 50.4% upside from the share price of RM1.35. This valuation is based on a PE multiple of 16.8x pegged to mid-FY27f EPS of 12.04 sen.
Investment highlights include:
(i) First 5G optical module technology transfer to Southeast Asia through CIG
(ii) Capacity expansion through Smart Factory 4.0 in Batu Kawan
(iii) Margin improvement through upstream venture
(iv) Expansion into the EV and autonomous vehicle supply chain
(v) C-TPAT accreditation reinforces supply chain reliability and global trade compliance
Research Team, M+
24 Oct 2025
Good Evening All,
We issued a technical buy call on Micron Technology Inc: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
With AI workloads exploding across data centers and consumer applications, this is reflected in (i) AMD’s collaboration with OpenAI, (ii) NVDA’s and INTC’s revival plans as well as other strategic partnerships, and (iii) positive CapEx guidance from ORCL.
Hence, We pick Micron Technology given its unique positioning to capture outsized demand for high-bandwidth memory as well as advanced DRAM solutions, which are critical to AI infrastructure. Moreover, the company’s diverse end markets, which include automotive, industrial, and mobile, are appealing.
Moreover, the company announced a $200 billion expansion plan aimed at massively increasing US memory manufacturing and R&D, all of which will bring advanced packaging capabilities onshore to support the robust AI demands and national security.
Research Team, M+
24 October 2025
We issued a technical buy call on Micron Technology Inc: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
With AI workloads exploding across data centers and consumer applications, this is reflected in (i) AMD’s collaboration with OpenAI, (ii) NVDA’s and INTC’s revival plans as well as other strategic partnerships, and (iii) positive CapEx guidance from ORCL.
Hence, We pick Micron Technology given its unique positioning to capture outsized demand for high-bandwidth memory as well as advanced DRAM solutions, which are critical to AI infrastructure. Moreover, the company’s diverse end markets, which include automotive, industrial, and mobile, are appealing.
Moreover, the company announced a $200 billion expansion plan aimed at massively increasing US memory manufacturing and R&D, all of which will bring advanced packaging capabilities onshore to support the robust AI demands and national security.
Research Team, M+
24 October 2025
Good Evening All,
We issued a technical buy call on Credo Technology Group Holding Ltd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Strong AI-led growth
(ii) Broadened addressable market
(iii) Turned profitable starting FY25
Research Team, M+
24 October 2025
We issued a technical buy call on Credo Technology Group Holding Ltd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Strong AI-led growth
(ii) Broadened addressable market
(iii) Turned profitable starting FY25
Research Team, M+
24 October 2025
M+ Global Market Wrap - 24Oct25
FBM KLCI: 1,613.27 pts (+5.27pts, +0.33%)
The FBMKLCI (+0.33%) continues its upward trend, in tandem with the Hong Kong and China market uptrend movement, as President Trump scheduled a bilateral meeting with Anwar during the Asean Summit reduces investor's concern. Market breadth is positive with 610 winners against 445 losers. Sector-wise, the Technology sector was the top performer (+1.35%), led by VITROX (+12.0 sen), while Telecommunication & Media (-0.33%) was the most underperforming sector, dragged by TM (-18.0 sen).
Top 3 Active stocks:
PTRANS (0186): RM0.335 (+0.5 sen)
ZETRIX (0138): RM0.840 (-1.5 sen)
TANCO (2429): RM0.885 (+0.5 sen)
Volume: 2.98 bn (100-bar avg vol: 3.07 bn)
Value: RM2.44 bn (100-bar avg val: RM2.58 bn)
Market Breadth: ⬆️610 ⬇️445
Crude Palm Oil: RM4,471 (-RM37, -0.83%)
Dow Futures: 46,938 pts (+16 pts)
Source: M+ Global, Bloomberg
FBM KLCI: 1,613.27 pts (+5.27pts, +0.33%)
The FBMKLCI (+0.33%) continues its upward trend, in tandem with the Hong Kong and China market uptrend movement, as President Trump scheduled a bilateral meeting with Anwar during the Asean Summit reduces investor's concern. Market breadth is positive with 610 winners against 445 losers. Sector-wise, the Technology sector was the top performer (+1.35%), led by VITROX (+12.0 sen), while Telecommunication & Media (-0.33%) was the most underperforming sector, dragged by TM (-18.0 sen).
Top 3 Active stocks:
PTRANS (0186): RM0.335 (+0.5 sen)
ZETRIX (0138): RM0.840 (-1.5 sen)
TANCO (2429): RM0.885 (+0.5 sen)
Volume: 2.98 bn (100-bar avg vol: 3.07 bn)
Value: RM2.44 bn (100-bar avg val: RM2.58 bn)
Market Breadth: ⬆️610 ⬇️445
Crude Palm Oil: RM4,471 (-RM37, -0.83%)
Dow Futures: 46,938 pts (+16 pts)
Source: M+ Global, Bloomberg