Forwarded from CGS International Securities Malaysia
🎊 *Busy with CNY? No Worries, We’ve Got You Covered!* 🏮
Markets are moving, but we’ll keep it simple so you can enjoy your CNY break! Here’s what you need to know:
📢 *Fed Holds Rates (4.25%-4.50%)* – No rush to cut as inflation is still high. Powell says the economy is solid, so expect steady rates for now. Stocks dipped slightly, with S&P 500 -0.5% and Nasdaq -0.5%.
🚗 *Tesla*: Earnings missed expectations, but Elon Musk is focused on self-driving cars & humanoid robots. He claims Tesla could be the world’s most valuable company and expects a big year ahead for Full Self-Driving (FSD) and AI. An epic future ahead but execution will be key.
📱 *Meta*: Strong 21% revenue growth, driven by AI and digital ads. Meta AI now has 700M+ active users, positioning Meta as a key AI player. Big investments ahead, but the company remains highly profitable.
💻 *Microsoft*: Revenue grew 12%, but Azure cloud growth (31%) fell short of high expectations. AI-related revenue surged 175%, yet cautious guidance led to a 5% stock drop after hours.
🛠️ *ASML*: The chip industry is booming, and ASML crushed earnings with a 10% stock surge. Demand for EUV lithography machines remains strong as AI drives semiconductor growth.
*Key Takeaway?* AI & Tech still dominate despite short-term market swings. Relax and enjoy your CNY break—we’ll keep you updated!
Markets are moving, but we’ll keep it simple so you can enjoy your CNY break! Here’s what you need to know:
📢 *Fed Holds Rates (4.25%-4.50%)* – No rush to cut as inflation is still high. Powell says the economy is solid, so expect steady rates for now. Stocks dipped slightly, with S&P 500 -0.5% and Nasdaq -0.5%.
🚗 *Tesla*: Earnings missed expectations, but Elon Musk is focused on self-driving cars & humanoid robots. He claims Tesla could be the world’s most valuable company and expects a big year ahead for Full Self-Driving (FSD) and AI. An epic future ahead but execution will be key.
📱 *Meta*: Strong 21% revenue growth, driven by AI and digital ads. Meta AI now has 700M+ active users, positioning Meta as a key AI player. Big investments ahead, but the company remains highly profitable.
💻 *Microsoft*: Revenue grew 12%, but Azure cloud growth (31%) fell short of high expectations. AI-related revenue surged 175%, yet cautious guidance led to a 5% stock drop after hours.
🛠️ *ASML*: The chip industry is booming, and ASML crushed earnings with a 10% stock surge. Demand for EUV lithography machines remains strong as AI drives semiconductor growth.
*Key Takeaway?* AI & Tech still dominate despite short-term market swings. Relax and enjoy your CNY break—we’ll keep you updated!
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 31Jan25
Dow Jones: 44,882.13 pts (+168.61pts, +0.38%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,279 (+RM61, +1.45%)
⬆️ Resistance: 4380
⬇️ Support: 4070
Brent Oil: $76.58 (+$0.49, +0.64%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,759.36 (+$33.70, +1.22%)
⬆️ Resistance: 2860
⬇️ Support: 2680
Source: Bloomberg, M+
Dow Jones: 44,882.13 pts (+168.61pts, +0.38%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,552.69 pts (-6.28pts, -0.40%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,279 (+RM61, +1.45%)
⬆️ Resistance: 4380
⬇️ Support: 4070
Brent Oil: $76.58 (+$0.49, +0.64%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,759.36 (+$33.70, +1.22%)
⬆️ Resistance: 2860
⬇️ Support: 2680
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 31Jan25
Bargain Hunting To Emerge
The FBMKLCI extended its losses as global sentiment weakened amid concerns over the rise of a low-cost AI model from the Chinese startup DeepSeek. Meanwhile, Wall Street closed higher following quarterly results from Tesla and Meta, despite the Fed indicated of a slower easing interest rate environment ahead. Traders will closely watch upcoming data, including (i) the core PCE index and (ii) the employment cost index later today. In the commodities market, Brent Crude rebounded above USD76 per barrel mark, while gold prices charged towards all-time-high above USD2,790 and CPO prices stablised above RM4,270.
Sector Focus: After the sell-offs in the past few trading sessions, we believe the FBMKLCI is set to open higher, as bargain-hunting could emerge within the Technology sector, taking cue from Wall Street. Also, we opine that trading interest will pick up in gold-related counters as gold hit all-time-high, despite the hawkish stance from the Fed. Besides, we believe domestic-themed play may take the lead driven by (i) ongoing Penang LRT project RM9bn tenders, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub. Lastly, we see trading opportunity on DSONIC, after securing contract extension of passport chips to Malaysia immigration department.
Stocks to watch:
Technology: *ADB*, KGB, *RAMSSOL*
Utility: *PEKAT*, YTLPOWR
Gold: *AUMAS*
Furniture: *SSF*
Source: M+
Bargain Hunting To Emerge
The FBMKLCI extended its losses as global sentiment weakened amid concerns over the rise of a low-cost AI model from the Chinese startup DeepSeek. Meanwhile, Wall Street closed higher following quarterly results from Tesla and Meta, despite the Fed indicated of a slower easing interest rate environment ahead. Traders will closely watch upcoming data, including (i) the core PCE index and (ii) the employment cost index later today. In the commodities market, Brent Crude rebounded above USD76 per barrel mark, while gold prices charged towards all-time-high above USD2,790 and CPO prices stablised above RM4,270.
Sector Focus: After the sell-offs in the past few trading sessions, we believe the FBMKLCI is set to open higher, as bargain-hunting could emerge within the Technology sector, taking cue from Wall Street. Also, we opine that trading interest will pick up in gold-related counters as gold hit all-time-high, despite the hawkish stance from the Fed. Besides, we believe domestic-themed play may take the lead driven by (i) ongoing Penang LRT project RM9bn tenders, (ii) JSSEZ initiatives, and (iii) the potential emergence of Sarawak as an energy hub. Lastly, we see trading opportunity on DSONIC, after securing contract extension of passport chips to Malaysia immigration department.
Stocks to watch:
Technology: *ADB*, KGB, *RAMSSOL*
Utility: *PEKAT*, YTLPOWR
Gold: *AUMAS*
Furniture: *SSF*
Source: M+
https://www.thestar.com.my/business/business-news/2025/01/31/trading-ideas-malakoff-th-axiata-ynhp-capital-a-airasia-x-ambank-taghill-mah-sing-datasonic-salcon-ecobuilt-eonmetall-key-alliance-evd
malakoff
th
axiata
ynhp
capitala
airasiax
ambank
taghill
mahsing
datasonic
salcon
ecobuilt
eonmetall
malakoff
th
axiata
ynhp
capitala
airasiax
ambank
taghill
mahsing
datasonic
salcon
ecobuilt
eonmetall
The Star
Trading ideas: Malakoff, TH, Axiata, YNHP, Capital A, AirAsia X, AmBank, Taghill, Mah Sing, Datasonic, Salcon, Ecobuilt, Eonmetall…
KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
Johor-Singapore SEZ: Will third time be the charm? - The Business Times
https://www.businesstimes.com.sg/opinion-features/johor-singapore-sez-will-third-time-be-charm
https://www.businesstimes.com.sg/opinion-features/johor-singapore-sez-will-third-time-be-charm
The Business Times
Johor-Singapore SEZ: Will third time be the charm?
THE formal launch of the Johor-Singapore Special Economic Zone (JS-SEZ) has generated a flurry of interest from businesses and industry stakeholders keen to be part of what many are calling a “game changer” in economic cooperation between the two neighbours.
Forwarded from Bursa Malaysia (Atiqah R)
15 stocks will have their dividend ex-dates in February 2025, including 1 stock which have proposed a special dividend.
#BursaDigitalResearch
#BursaDigitalResearch
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 3Feb25
Dow Jones: 44,544.66 pts (-337.47pts, -0.75%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,556.92 pts (+4.23pts, +0.27%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19800
Crude Palm Oil: RM4,289 (+RM10, +0.23%)
⬆️ Resistance: 4410
⬇️ Support: 4110
Brent Oil: $75.67 (-$0.22, -0.29%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,798.41 (+$3.82, +0.14%)
⬆️ Resistance: 2880
⬇️ Support: 2680
Source: Bloomberg, M+
Dow Jones: 44,544.66 pts (-337.47pts, -0.75%)
⬆️ Resistance: 46000
⬇️ Support: 43200
FBM KLCI: 1,556.92 pts (+4.23pts, +0.27%)
⬆️ Resistance: 1610
⬇️ Support: 1520
HSI Index: 20,225.11 pts (+27.34pts, +0.14%)
⬆️ Resistance: 20800
⬇️ Support: 19800
Crude Palm Oil: RM4,289 (+RM10, +0.23%)
⬆️ Resistance: 4410
⬇️ Support: 4110
Brent Oil: $75.67 (-$0.22, -0.29%)
⬆️ Resistance: 80.60
⬇️ Support: 74.50
Gold: $2,798.41 (+$3.82, +0.14%)
⬆️ Resistance: 2880
⬇️ Support: 2680
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 03Feb25
Volatility To Rise After Trump’s Tariffs
The FBMKLCI recovered slightly from its downward pressure as bargain hunting activities were seen in banking and utility heavyweights. Meanwhile, Wall Street closed lower following President Trump’s tariffs implementation on Canada, Mexico, and China, which took effect on Saturday. Technology sector remained a key focus driven by the rise of China’s AI startup, DeepSeek. This week, traders will closely monitor the (i) ISM Manufacturing and Non-Manufacturing PMIs, (ii) initial jobless claims, and (iii) US unemployment rate. In the commodities market, Brent Crude is trading close to USD76 per barrel, while gold prices charged toward an all-time high of USD2,817 before closing slightly below the USD2,800 mark. Meanwhile, CPO prices broke above their short term RM4,278 resistance level.
Sector Focus: Given last Friday’s sell-offs in Wall Street and the ongoing negative sentiment in Wall Street futures following President Trump’s tariff remarks, we expect the local bourse to mirror the US performance. Investors are likely to shift toward defensive sector like REIT in view of their defensive characteristic and strong quarterly performances due to higher net property income. Meanwhile, we believe renewable energy will remain on traders’ radar, driven by various government initiatives, including NETR and LSS and CGPP.
Stocks to watch:
Utility: MNHLDG, *SCGBHD*
Technology: *RAMSSOL*
Gold: *AUMAS*
Construction: BNASTRA
Consumer: *GCB*
Building Material: *UNIQUE*
Source: M+
Volatility To Rise After Trump’s Tariffs
The FBMKLCI recovered slightly from its downward pressure as bargain hunting activities were seen in banking and utility heavyweights. Meanwhile, Wall Street closed lower following President Trump’s tariffs implementation on Canada, Mexico, and China, which took effect on Saturday. Technology sector remained a key focus driven by the rise of China’s AI startup, DeepSeek. This week, traders will closely monitor the (i) ISM Manufacturing and Non-Manufacturing PMIs, (ii) initial jobless claims, and (iii) US unemployment rate. In the commodities market, Brent Crude is trading close to USD76 per barrel, while gold prices charged toward an all-time high of USD2,817 before closing slightly below the USD2,800 mark. Meanwhile, CPO prices broke above their short term RM4,278 resistance level.
Sector Focus: Given last Friday’s sell-offs in Wall Street and the ongoing negative sentiment in Wall Street futures following President Trump’s tariff remarks, we expect the local bourse to mirror the US performance. Investors are likely to shift toward defensive sector like REIT in view of their defensive characteristic and strong quarterly performances due to higher net property income. Meanwhile, we believe renewable energy will remain on traders’ radar, driven by various government initiatives, including NETR and LSS and CGPP.
Stocks to watch:
Utility: MNHLDG, *SCGBHD*
Technology: *RAMSSOL*
Gold: *AUMAS*
Construction: BNASTRA
Consumer: *GCB*
Building Material: *UNIQUE*
Source: M+
*Market News on 3 February 2025*
Dow futures drop 500 points after Trump hits Canada, Mexico and China with tariffs (CNBC)
Trump’s 25% tariffs on Mexico and Canada to challenge the global auto industry (CNBC)
Key Fed measure shows core inflation at 2.8%, in line with expectations (CNBC)
Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says (Reuters)
Trump Threatens 100% Tariff On BRICS Nations Over New Currency Plans (Business Today)
Trump says tariff may cause short-term disruption (Reuters)
Govt Could Consider Adjusting Minimum Wage Levels Based On Region (Business Today)
KWAP Disposes Over 1 Million Shares In *KPJ Healthcare* (Business Today)
*Cypark*’s Kelantan 60 MWac Floating Solar Plant Now Fully Delivers To The Grid (Business Today)
*Lebtech* Awarded Housing Job Worth RM21 Million By Brighton Land (Business Today)
Lembaga Tabung Haji emerges as substantial shareholder of *Focus Point* (The Edge)
*Compugates* to jointly develop Cyberjaya land into RM1.36 bil GDV project (The Edge)
*DXN* scraps plans to develop medicine facility and wellness centre (The Edge)
*Weststar* Signs US$40 Million Helicopter Service Contract In Timor-Leste (Business Today)
TechStore Assigned 80% Premium Over IPO Price (Business Today)
Dow futures drop 500 points after Trump hits Canada, Mexico and China with tariffs (CNBC)
Trump’s 25% tariffs on Mexico and Canada to challenge the global auto industry (CNBC)
Key Fed measure shows core inflation at 2.8%, in line with expectations (CNBC)
Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says (Reuters)
Trump Threatens 100% Tariff On BRICS Nations Over New Currency Plans (Business Today)
Trump says tariff may cause short-term disruption (Reuters)
Govt Could Consider Adjusting Minimum Wage Levels Based On Region (Business Today)
KWAP Disposes Over 1 Million Shares In *KPJ Healthcare* (Business Today)
*Cypark*’s Kelantan 60 MWac Floating Solar Plant Now Fully Delivers To The Grid (Business Today)
*Lebtech* Awarded Housing Job Worth RM21 Million By Brighton Land (Business Today)
Lembaga Tabung Haji emerges as substantial shareholder of *Focus Point* (The Edge)
*Compugates* to jointly develop Cyberjaya land into RM1.36 bil GDV project (The Edge)
*DXN* scraps plans to develop medicine facility and wellness centre (The Edge)
*Weststar* Signs US$40 Million Helicopter Service Contract In Timor-Leste (Business Today)
TechStore Assigned 80% Premium Over IPO Price (Business Today)
Forwarded from Trade With Maybank
Malakoff‘s Latest Solar Acquisitions
On 31 Jan’25, Malakoff Corporation (MALAKOF) announced in a Bursa Malaysia filing that it’s acquiring a 51% stake in ZEC Solar and a 49% stake in TJZ Suria, boosting MALAKOF renewable energy capacity to 159MW.
In the same time, MALAKOFF has also secured solar power purchase agreements with key industry players, including DRB Hicom (DRBHCOM) and SIME UMW.
MALAKOF’s CEO further emphasized the company's commitment to renewable energy by highlighting MALAKOF’s 84MW Sungai Galas hydropower project.
Investors bullish on MALAKOF may consider MALAKOFC58 which has a sensitivity of 1.9 ticks, the most responsive of all MALAKOF Structured Warrants listed on Bursa Malaysia.
#DailyHighlights
On 31 Jan’25, Malakoff Corporation (MALAKOF) announced in a Bursa Malaysia filing that it’s acquiring a 51% stake in ZEC Solar and a 49% stake in TJZ Suria, boosting MALAKOF renewable energy capacity to 159MW.
In the same time, MALAKOFF has also secured solar power purchase agreements with key industry players, including DRB Hicom (DRBHCOM) and SIME UMW.
MALAKOF’s CEO further emphasized the company's commitment to renewable energy by highlighting MALAKOF’s 84MW Sungai Galas hydropower project.
Investors bullish on MALAKOF may consider MALAKOFC58 which has a sensitivity of 1.9 ticks, the most responsive of all MALAKOF Structured Warrants listed on Bursa Malaysia.
#DailyHighlights