"Oil dips as market awaits Trump's executive orders on energy"
https://www.investing.com/news/commodities-news/oil-prices-climb-as-supply-concerns-over-russian-sanctions-persist-3820159
https://www.investing.com/news/commodities-news/oil-prices-climb-as-supply-concerns-over-russian-sanctions-persist-3820159
Investing.com
Oil prices climb as supply concerns over Russian sanctions persist By Reuters
Forwarded from Macquarie Warrants Malaysia
💡 Malaysia Strategy – Limited impact from U.S. AI chip restrictions
Macquarie Equities Research (MQ Research) released a flashnote on 17th January, highlighting the Biden-Harris administration’s recent announcement on its plans to impose AI (artificial intelligence) chip sales restriction. MQ Research estimates Tier-1 entities make up about 69% of total end-users in Malaysia (3.5GW).
Further, given its status as Nvidia's preferred sovereign AI partner and no exposure to Tier-3 customers, MQ Research believes YTL Power (YTLPOWR) can easily qualify for the "National Verified End User" (NVEU) status. MQ Research also states that any potential slowdown in data centre deployment will have no impact on Tenaga Nasional (TENAGA) in the next three years, as Regulatory Period 4 (RP4) base capex (implying 4.7% average demand growth) will provide a floor for regulated earnings. MQ Research believes the risk is higher for NationGate Holdings (NATGATE) given higher exposure to Tier-3 clients as end-users. However, MQ Research expects frontloading of orders to be significant in 1H25.
Investors who wish to gain leveraged exposure to these names may do so via our structured call warrants, which move in tandem in price with the underlying. YTLPOWR-C72 currently trades at a bid/ask price of RM0.100/0.105, gaining over 11% in price with the moves in the underlying. Further, TENAGA-C2T is currently one of the more sensitive warrants in the market, moving approximately 1 tick (RM0.005) for every 6 ticks (RM0.12) change in the underlying and trades at a bid/ask price of RM0.085/0.090.
On the other hand, NATGATE-CB is currently trading at a bid/ask price of RM0.050/0.055, one of the lowest absolute prices among NATGATE warrants, despite having gained over 42% in price with NATGATE’s share price movement this morning.
📌 Read on for more: https://tinyurl.com/4hs9fk4a
Macquarie Equities Research (MQ Research) released a flashnote on 17th January, highlighting the Biden-Harris administration’s recent announcement on its plans to impose AI (artificial intelligence) chip sales restriction. MQ Research estimates Tier-1 entities make up about 69% of total end-users in Malaysia (3.5GW).
Further, given its status as Nvidia's preferred sovereign AI partner and no exposure to Tier-3 customers, MQ Research believes YTL Power (YTLPOWR) can easily qualify for the "National Verified End User" (NVEU) status. MQ Research also states that any potential slowdown in data centre deployment will have no impact on Tenaga Nasional (TENAGA) in the next three years, as Regulatory Period 4 (RP4) base capex (implying 4.7% average demand growth) will provide a floor for regulated earnings. MQ Research believes the risk is higher for NationGate Holdings (NATGATE) given higher exposure to Tier-3 clients as end-users. However, MQ Research expects frontloading of orders to be significant in 1H25.
Investors who wish to gain leveraged exposure to these names may do so via our structured call warrants, which move in tandem in price with the underlying. YTLPOWR-C72 currently trades at a bid/ask price of RM0.100/0.105, gaining over 11% in price with the moves in the underlying. Further, TENAGA-C2T is currently one of the more sensitive warrants in the market, moving approximately 1 tick (RM0.005) for every 6 ticks (RM0.12) change in the underlying and trades at a bid/ask price of RM0.085/0.090.
On the other hand, NATGATE-CB is currently trading at a bid/ask price of RM0.050/0.055, one of the lowest absolute prices among NATGATE warrants, despite having gained over 42% in price with NATGATE’s share price movement this morning.
📌 Read on for more: https://tinyurl.com/4hs9fk4a
✅ As Trump officially become US President, analyst expect Trump may relax the export restriction policy on artificial intelligence chips signed by former President Biden.
NATGATE 2.36 (+0.17)
GAMUDA 4.44 (+0.10)
SUNCON 3.77 (+0.37)
YTL 2.37 (+0.14)
YTLPOWR 4.02 (+0.12)
*Trump revokes Biden executive order on addressing AI risks*-
https://www.reuters.com/technology/artificial-intelligence/trump-revokes-biden-executive-order-addressing-ai-risks-2025-01-21/
NATGATE 2.36 (+0.17)
GAMUDA 4.44 (+0.10)
SUNCON 3.77 (+0.37)
YTL 2.37 (+0.14)
YTLPOWR 4.02 (+0.12)
*Trump revokes Biden executive order on addressing AI risks*-
https://www.reuters.com/technology/artificial-intelligence/trump-revokes-biden-executive-order-addressing-ai-risks-2025-01-21/
Forwarded from Trade With Maybank
Research Highlights
Malaysia Technology – EMS
Positive trade shifts, data centre boom and restocking tailwinds are among the key drivers our analysts have highlighted for the sector. But what does this all mean? Check out today’s post for a brief overview on the topic an our top picks in the Tech EMS space.
#ResearchHighlights
Malaysia Technology – EMS
Positive trade shifts, data centre boom and restocking tailwinds are among the key drivers our analysts have highlighted for the sector. But what does this all mean? Check out today’s post for a brief overview on the topic an our top picks in the Tech EMS space.
#ResearchHighlights
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Construction Rebound Continues
The FBM KLCI printed another green day today with leading movers emerging from the construction and utilities space. The positive sentiment spilled over to the broad market with bargain hunting accelerating in the construction sector. Post-Trump inauguration, tech/industrial sector stocks (both semicon and EMS related) also saw a move upwards as Trump refrained from announcing new tariffs.
Our analysts have shed some light on the recent construction sector index drop, citing the US’ latest rule on AI data centre location as the cause. Pricing in some risk, they have shaved GAMUDA (Target Price: MYR 5.00) and IJM (Target Price: MYR 3.60) target prices slightly. Following the recent sell-off, both stocks now offer potential upsides of +13.3% and +30.4%, respectively, as at midday break. Full report on the Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI printed another green day today with leading movers emerging from the construction and utilities space. The positive sentiment spilled over to the broad market with bargain hunting accelerating in the construction sector. Post-Trump inauguration, tech/industrial sector stocks (both semicon and EMS related) also saw a move upwards as Trump refrained from announcing new tariffs.
Our analysts have shed some light on the recent construction sector index drop, citing the US’ latest rule on AI data centre location as the cause. Pricing in some risk, they have shaved GAMUDA (Target Price: MYR 5.00) and IJM (Target Price: MYR 3.60) target prices slightly. Following the recent sell-off, both stocks now offer potential upsides of +13.3% and +30.4%, respectively, as at midday break. Full report on the Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
Forwarded from M+ On-The-Go
M+ Market Wrap - 21Jan25
FBM KLCI: 1,580.46 pts (+8.12pts, +0.52%)
The FBMKLCI (+0.52%) continued its winning streak for the third consecutive day, closing higher at 1580.46 pts, with gains in PMETAL (+20.0 sen) and YTL (+14.0 sen) led the key index higher. As President Trump refrained from imposing tariffs on his first day in office, it has led to bullish sentiments in the region. The market breadth was also positive, with 665 winners against 372 losers. In the broader market, Construction (+1.97%) sector emerged as the top performing sector, driven by IJM (+14.0 sen) and SUNCON (+19.0 sen), while REIT (-0.03%) was the only sector ended in the negative territory.
Top 3 Active stocks:
HM (0060): RM0.170 (+0.5 sen)
CBHB (0339): RM0.365 (+5.0 sen)
TWL (7079): RM0.025 (unch)
Volume: 3.43 bn (100-bar avg vol: 3.01 bn)
Value: RM2.61 bn (100-bar avg val: RM2.81 bn)
Market Breadth: ⬆️665 ⬇️372
Crude palm oil: RM4,235 (+RM29)
Dow Futures: 43,833 pts (+138 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,580.46 pts (+8.12pts, +0.52%)
The FBMKLCI (+0.52%) continued its winning streak for the third consecutive day, closing higher at 1580.46 pts, with gains in PMETAL (+20.0 sen) and YTL (+14.0 sen) led the key index higher. As President Trump refrained from imposing tariffs on his first day in office, it has led to bullish sentiments in the region. The market breadth was also positive, with 665 winners against 372 losers. In the broader market, Construction (+1.97%) sector emerged as the top performing sector, driven by IJM (+14.0 sen) and SUNCON (+19.0 sen), while REIT (-0.03%) was the only sector ended in the negative territory.
Top 3 Active stocks:
HM (0060): RM0.170 (+0.5 sen)
CBHB (0339): RM0.365 (+5.0 sen)
TWL (7079): RM0.025 (unch)
Volume: 3.43 bn (100-bar avg vol: 3.01 bn)
Value: RM2.61 bn (100-bar avg val: RM2.81 bn)
Market Breadth: ⬆️665 ⬇️372
Crude palm oil: RM4,235 (+RM29)
Dow Futures: 43,833 pts (+138 pts)
**Source: Bloomberg, M+**
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 23Jan25
Dow Jones: 44,156.73 pts (+130.92pts, +0.30%)
⬆️ Resistance: 45100
⬇️ Support: 42300
FBM KLCI: 1,587.80 pts (+7.34pts, +0.46%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 19,778.77 pts (-327.78pts, -1.63%)
⬆️ Resistance: 20700
⬇️ Support: 19000
Crude Palm Oil: RM4,208 (-RM27, -0.64%)
⬆️ Resistance: 4370
⬇️ Support: 4030
Brent Oil: $79.00 (-$0.29, -0.37%)
⬆️ Resistance: 84.30
⬇️ Support: 76.90
Gold: $2,756.48 (-$0.65, -0.02%)
⬆️ Resistance: 2820
⬇️ Support: 2640
Source: Bloomberg, M+
Dow Jones: 44,156.73 pts (+130.92pts, +0.30%)
⬆️ Resistance: 45100
⬇️ Support: 42300
FBM KLCI: 1,587.80 pts (+7.34pts, +0.46%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 19,778.77 pts (-327.78pts, -1.63%)
⬆️ Resistance: 20700
⬇️ Support: 19000
Crude Palm Oil: RM4,208 (-RM27, -0.64%)
⬆️ Resistance: 4370
⬇️ Support: 4030
Brent Oil: $79.00 (-$0.29, -0.37%)
⬆️ Resistance: 84.30
⬇️ Support: 76.90
Gold: $2,756.48 (-$0.65, -0.02%)
⬆️ Resistance: 2820
⬇️ Support: 2640
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 23Jan25
Focus Remains on RE and Data Center Themes
The local bourse continued to close higher, supported by Malaysia’s CPI growth of 1.7% for December (below consensus estimate of 1.8%), coupled with BNM’s decision to keep the OPR unchanged. In the US, markets closed higher, driven by optimism about potential tax cuts and a relatively stable economic outlook under President Trump as well as Netflix’s blowout quarterly results. Investors will also access the initial jobless claims later today. In the commodities market, Brent crude oil stayed below the USD80 mark, while gold price traded flat along USD2750 level. Meanwhile, CPO prices have crossed below RM4,200 level.
Sector Focus: With PM Anwar reiterating that Malaysia is still committed to the Paris Agreement despite the US's exit from the climate pact, coupled with Malaysia serving as the ASEAN 2025 chair and various government RE initiatives, we remain optimistic about the Renewable Energy sector. Besides, the upcoming CNY festive season and the commencement of Sumbangan Tunai Rahmah cash payments will benefit the Consumer, Aviation, and Tourism sectors. On the data center theme, we expect a continuation of the rebound this week after last week’s sell-off.
Stocks to watch:
Technology: ADB, *AWANTEC*, CLOUDPT, EG, *RAMSSOL*
Property: *VLB*
Construction: *INTA*
Utility: *PEKAT*
Source: M+
Focus Remains on RE and Data Center Themes
The local bourse continued to close higher, supported by Malaysia’s CPI growth of 1.7% for December (below consensus estimate of 1.8%), coupled with BNM’s decision to keep the OPR unchanged. In the US, markets closed higher, driven by optimism about potential tax cuts and a relatively stable economic outlook under President Trump as well as Netflix’s blowout quarterly results. Investors will also access the initial jobless claims later today. In the commodities market, Brent crude oil stayed below the USD80 mark, while gold price traded flat along USD2750 level. Meanwhile, CPO prices have crossed below RM4,200 level.
Sector Focus: With PM Anwar reiterating that Malaysia is still committed to the Paris Agreement despite the US's exit from the climate pact, coupled with Malaysia serving as the ASEAN 2025 chair and various government RE initiatives, we remain optimistic about the Renewable Energy sector. Besides, the upcoming CNY festive season and the commencement of Sumbangan Tunai Rahmah cash payments will benefit the Consumer, Aviation, and Tourism sectors. On the data center theme, we expect a continuation of the rebound this week after last week’s sell-off.
Stocks to watch:
Technology: ADB, *AWANTEC*, CLOUDPT, EG, *RAMSSOL*
Property: *VLB*
Construction: *INTA*
Utility: *PEKAT*
Source: M+
Forwarded from M+ On-The-Go
M+ Market Wrap - 23Jan25
FBM KLCI: 1,577.20 pts (-10.60pts, -0.67%)
In tandem with the regional markets’ selloffs, the FBMKLCI (-0.67%) snapped its 4-days winning streak to close lower at 1577.20 pts, dragged down by the banking heavyweights. All eyes were on the listing of KOPI (+43.5 sen) today, which share price achieved more than 100% intraday gain from the issue price of 44.0 sen, reaching an intraday high of 98.5 sen before closing lower at 87.5 sen. Market breadth was also negative, with 671 losers against 283 winners. In the broader market, all sectors ended negatively except REIT (+0.10%). Meanwhile, the Energy (-1.45%) sector declined the most.
Top 3 Active stocks:
KOPI (0338): RM0.875 (+43.5 sen)
EAH (0154): RM0.010 (+0.5 sen)
CBHB (0339): RM0.370 (+2.0 sen)
Volume: 3.24 bn (100-bar avg vol: 3.00 bn)
Value: RM2.75 bn (100-bar avg val: RM2.77 bn)
Market Breadth: ⬆️283 ⬇️671
Crude palm oil: RM4,183 (-RM25)
Dow Futures: 44,318 pts (-35 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,577.20 pts (-10.60pts, -0.67%)
In tandem with the regional markets’ selloffs, the FBMKLCI (-0.67%) snapped its 4-days winning streak to close lower at 1577.20 pts, dragged down by the banking heavyweights. All eyes were on the listing of KOPI (+43.5 sen) today, which share price achieved more than 100% intraday gain from the issue price of 44.0 sen, reaching an intraday high of 98.5 sen before closing lower at 87.5 sen. Market breadth was also negative, with 671 losers against 283 winners. In the broader market, all sectors ended negatively except REIT (+0.10%). Meanwhile, the Energy (-1.45%) sector declined the most.
Top 3 Active stocks:
KOPI (0338): RM0.875 (+43.5 sen)
EAH (0154): RM0.010 (+0.5 sen)
CBHB (0339): RM0.370 (+2.0 sen)
Volume: 3.24 bn (100-bar avg vol: 3.00 bn)
Value: RM2.75 bn (100-bar avg val: RM2.77 bn)
Market Breadth: ⬆️283 ⬇️671
Crude palm oil: RM4,183 (-RM25)
Dow Futures: 44,318 pts (-35 pts)
**Source: Bloomberg, M+**
2025 Eye on the Market Outlook
—> https://tinyurl.com/2h9xs4ad
—> https://tinyurl.com/2h9xs4ad
I3Investor
2025 Eye on the Market Outlook
Forwarded from M+ On-The-Go
M+ Market Wrap - 24Jan25
FBM KLCI: 1,573.73 pts (-3.47pts, -0.22%)
Despite the upbeat across the regional market, the FBMKLCI (-0.22%) bucked the trend and closed lower at 1573.73 pts, dragged down by YTLPOWR (-44.0 sen) and YTL (-26.0 sen). The YTL-related counters suffered from strong selloffs following the Group’s plan to issue non-tradeable warrants, as investors worry about dilution concerns due to the increase in the share base. The market breadth was also negative, with 654 losers against 314 winners. In the broader market, the Telecommunications & Media (+0.46%) gained the most, led by CDB (+5.0 sen) and MAXIS (+3.0 sen), while Utilities (-2.67%) declined the most due to the selloffs in the YTL-related counters.
Top 3 Active stocks:
KOPI (0338): RM0.850 (-2.5 sen)
YTL (4677): RM2.120 (-26.0 sen)
GAMUDA (5398): RM4.190 (-10.0 sen)
Volume: 3.01 bn (100-bar avg vol: 2.99 bn)
Value: RM3.06 bn (100-bar avg val: RM2.74 bn)
Market Breadth: ⬆️314 ⬇️654
Crude palm oil: RM4,227 (+RM37)
Dow Futures: 44,751 pts (+2 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,573.73 pts (-3.47pts, -0.22%)
Despite the upbeat across the regional market, the FBMKLCI (-0.22%) bucked the trend and closed lower at 1573.73 pts, dragged down by YTLPOWR (-44.0 sen) and YTL (-26.0 sen). The YTL-related counters suffered from strong selloffs following the Group’s plan to issue non-tradeable warrants, as investors worry about dilution concerns due to the increase in the share base. The market breadth was also negative, with 654 losers against 314 winners. In the broader market, the Telecommunications & Media (+0.46%) gained the most, led by CDB (+5.0 sen) and MAXIS (+3.0 sen), while Utilities (-2.67%) declined the most due to the selloffs in the YTL-related counters.
Top 3 Active stocks:
KOPI (0338): RM0.850 (-2.5 sen)
YTL (4677): RM2.120 (-26.0 sen)
GAMUDA (5398): RM4.190 (-10.0 sen)
Volume: 3.01 bn (100-bar avg vol: 2.99 bn)
Value: RM3.06 bn (100-bar avg val: RM2.74 bn)
Market Breadth: ⬆️314 ⬇️654
Crude palm oil: RM4,227 (+RM37)
Dow Futures: 44,751 pts (+2 pts)
**Source: Bloomberg, M+**
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 27Jan25
Dow Jones: 44,424.25 pts (-140.82pts, -0.32%)
⬆️ Resistance: 45500
⬇️ Support: 42700
FBM KLCI: 1,573.73 pts (-3.47pts, -0.22%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 20,066.19 pts (+365.63pts, +1.86%)
⬆️ Resistance: 20700
⬇️ Support: 19300
Crude Palm Oil: RM4,216 (+RM26, +0.62%)
⬆️ Resistance: 4370
⬇️ Support: 4050
Brent Oil: $78.50 (-$0.18, -0.23%)
⬆️ Resistance: 82.90
⬇️ Support: 76.10
Gold: $2,770.58 (-$3.18, -0.11%)
⬆️ Resistance: 2850
⬇️ Support: 2640
Source: Bloomberg, M+
Dow Jones: 44,424.25 pts (-140.82pts, -0.32%)
⬆️ Resistance: 45500
⬇️ Support: 42700
FBM KLCI: 1,573.73 pts (-3.47pts, -0.22%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 20,066.19 pts (+365.63pts, +1.86%)
⬆️ Resistance: 20700
⬇️ Support: 19300
Crude Palm Oil: RM4,216 (+RM26, +0.62%)
⬆️ Resistance: 4370
⬇️ Support: 4050
Brent Oil: $78.50 (-$0.18, -0.23%)
⬆️ Resistance: 82.90
⬇️ Support: 76.10
Gold: $2,770.58 (-$3.18, -0.11%)
⬆️ Resistance: 2850
⬇️ Support: 2640
Source: Bloomberg, M+