Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 4Feb25
Dow Jones: 44,421.91 pts (-122.75pts, -0.28%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,553.63 pts (-3.29pts, -0.21%)
⬆️ Resistance: 1600
⬇️ Support: 1520
HSI Index: 20,217.26 pts (-7.85pts, -0.04%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,367 (+RM2, +0.05%)
⬆️ Resistance: 4510
⬇️ Support: 4110
Brent Oil: $75.96 (+$0.29, +0.38%)
⬆️ Resistance: 79.80
⬇️ Support: 73.60
Gold: $2,815.21 (-$1.13, -0.04%)
⬆️ Resistance: 2890
⬇️ Support: 2690
Source: Bloomberg, M+
Dow Jones: 44,421.91 pts (-122.75pts, -0.28%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,553.63 pts (-3.29pts, -0.21%)
⬆️ Resistance: 1600
⬇️ Support: 1520
HSI Index: 20,217.26 pts (-7.85pts, -0.04%)
⬆️ Resistance: 20800
⬇️ Support: 19400
Crude Palm Oil: RM4,367 (+RM2, +0.05%)
⬆️ Resistance: 4510
⬇️ Support: 4110
Brent Oil: $75.96 (+$0.29, +0.38%)
⬆️ Resistance: 79.80
⬇️ Support: 73.60
Gold: $2,815.21 (-$1.13, -0.04%)
⬆️ Resistance: 2890
⬇️ Support: 2690
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 04Feb25
Slight Relief After Trump Pausing Tariffs
The FBMKLCI edged lower as heavyweights like PCHEM and YTLPOWR dragged the key index amid renewed selling pressure. In the US, while all three indices showed narrowed losses following President Trump’s statement on pausing the tariffs on Mexico and Canada, the key index still ended the day in the red. Meanwhile, the US ISM Manufacturing PMI came in better-than-expected, and traders continue to monitor the (i) ISM Non-Manufacturing PMI, (ii) initial jobless claims, and (iii) China’s Caixin services PMI this week. In the commodities market, Brent Crude is still trading around USD76 per barrel, while gold prices remain elevated near its all-time high of USD2,817 level. CPO prices experienced a breakout above the RM4,300 mark.
Sector Focus: With President Trump imposing an additional 10% tariffs (on top of the 50% currently imposed) on China’s rubber medical and surgical glove exports into the US, we believe it should bode well for sentiment on local glove counters. Meanwhile, given the recent pullback in the construction sector, we believe the significant discount in share prices might present bargain hunting opportunities for the construction counters, supported by JSSEZ initiatives and the ongoing data centre developments in the country.
Stocks to watch:
Utility: GASMSIA, *KJTS*, *PEKAT*
Healthcare: KOSSAN, *SUPERMX*
Consumer: *FOCUSP*, GCB
Gold: AUMAS
Plantation: *JTIASA*
Source: M+
Slight Relief After Trump Pausing Tariffs
The FBMKLCI edged lower as heavyweights like PCHEM and YTLPOWR dragged the key index amid renewed selling pressure. In the US, while all three indices showed narrowed losses following President Trump’s statement on pausing the tariffs on Mexico and Canada, the key index still ended the day in the red. Meanwhile, the US ISM Manufacturing PMI came in better-than-expected, and traders continue to monitor the (i) ISM Non-Manufacturing PMI, (ii) initial jobless claims, and (iii) China’s Caixin services PMI this week. In the commodities market, Brent Crude is still trading around USD76 per barrel, while gold prices remain elevated near its all-time high of USD2,817 level. CPO prices experienced a breakout above the RM4,300 mark.
Sector Focus: With President Trump imposing an additional 10% tariffs (on top of the 50% currently imposed) on China’s rubber medical and surgical glove exports into the US, we believe it should bode well for sentiment on local glove counters. Meanwhile, given the recent pullback in the construction sector, we believe the significant discount in share prices might present bargain hunting opportunities for the construction counters, supported by JSSEZ initiatives and the ongoing data centre developments in the country.
Stocks to watch:
Utility: GASMSIA, *KJTS*, *PEKAT*
Healthcare: KOSSAN, *SUPERMX*
Consumer: *FOCUSP*, GCB
Gold: AUMAS
Plantation: *JTIASA*
Source: M+
Forwarded from Trade With Maybank
SD Guthrie’s MYR250 Million Acquisition
SD Guthrie (SDG) has acquired a 48% stake in Netherlands-based Marvesa Supply Chain Services BV for MYR250 million from Dutch private equity firm, Parcom.
As one of the world’s largest producers of Certified Sustainable Palm Oil (CSPO), SDG accounts for 12% of global CSPO production and operates across 12 countries.
The acquisition strengthens SDG’s position in the European animal feed and biofuel industries, aligning with its long-term strategy to integrate its value chain and expand into non-palm sectors.
Bullish investors may consider SDG-C22, the most sensitive Call Warrant issued over SDG available on Bursa Malaysia, with a sensitivity of 2.1 ticks.
#WarrantsWatch
SD Guthrie (SDG) has acquired a 48% stake in Netherlands-based Marvesa Supply Chain Services BV for MYR250 million from Dutch private equity firm, Parcom.
As one of the world’s largest producers of Certified Sustainable Palm Oil (CSPO), SDG accounts for 12% of global CSPO production and operates across 12 countries.
The acquisition strengthens SDG’s position in the European animal feed and biofuel industries, aligning with its long-term strategy to integrate its value chain and expand into non-palm sectors.
Bullish investors may consider SDG-C22, the most sensitive Call Warrant issued over SDG available on Bursa Malaysia, with a sensitivity of 2.1 ticks.
#WarrantsWatch
What to look out for in the recently published Petronas Activity Outlook
The oil & gas sector has been rather challenging as there were many uncertainties. However, there are silver linings where investors can make intelligent bets
https://xifu.my/OpinionsComment.aspx?BID=B01051211P0ACAEA
The oil & gas sector has been rather challenging as there were many uncertainties. However, there are silver linings where investors can make intelligent bets
https://xifu.my/OpinionsComment.aspx?BID=B01051211P0ACAEA
xifu.my
What to look out for in the recently published Petronas Activity Oultlook
The Petronas Activity Outlook (PAO) 2025-27, which was published unusually late this year, offered interesting new insights this time.In the report, there is an activity outlook across three regions and clearer plant turnaround distinction between upstream…
Forwarded from Macquarie Warrants Malaysia
💥 Asian markets ding-dong on Trump's on-off tariff stance
• Asian markets are swinging between yesterday's negative zone and this morning's recovery after headlines emerged on Trump's one-month delay on tariffs on Mexico and Canada, and intention to hold further talks with China
• The reversal in sentiment came following Trump's conversation with Mexican President Claudia Sheinbaum, three days after signing an executive order to impose additional tariffs on Mexico and Canada
• The delay with Mexico and Canada bolsters the view that Trump sees tariffs as a negotiating ploy — but is still reluctant to inflict economic pain on Americans. His move to invoke an emergency and impose tariffs on the two nations and China is the most extensive act of protectionism taken by a US president in almost a century.
• Asian indices are currently reversing all of yesterday's losses. The Nikkei225 March futures is up 1.4% to 39,135 as of 10:04am, while the HSI futures is up 2.6% to 20,858 and the Hang Seng TECH Index (HSTECH) futures is up 4.3% to 4,963 as of 10:19am.
• Focus calls HSI-CWA5 and HSI-CWA6 have each surged about 40%, while NIKKEI-CK and HSTECH-C18 have gained 13.5% and 50%, respectively. Meanwhile the focus HSI and HSTECH puts are down 30-50%, while NIKKEI-HI has fallen 12.3%.
• Investors keen to ride on the Asian indices' volatility today may wish to do so via the focus HSI, HSTECH and NIKKEI warrants. View their live matrix here.
• Asian markets are swinging between yesterday's negative zone and this morning's recovery after headlines emerged on Trump's one-month delay on tariffs on Mexico and Canada, and intention to hold further talks with China
• The reversal in sentiment came following Trump's conversation with Mexican President Claudia Sheinbaum, three days after signing an executive order to impose additional tariffs on Mexico and Canada
• The delay with Mexico and Canada bolsters the view that Trump sees tariffs as a negotiating ploy — but is still reluctant to inflict economic pain on Americans. His move to invoke an emergency and impose tariffs on the two nations and China is the most extensive act of protectionism taken by a US president in almost a century.
• Asian indices are currently reversing all of yesterday's losses. The Nikkei225 March futures is up 1.4% to 39,135 as of 10:04am, while the HSI futures is up 2.6% to 20,858 and the Hang Seng TECH Index (HSTECH) futures is up 4.3% to 4,963 as of 10:19am.
• Focus calls HSI-CWA5 and HSI-CWA6 have each surged about 40%, while NIKKEI-CK and HSTECH-C18 have gained 13.5% and 50%, respectively. Meanwhile the focus HSI and HSTECH puts are down 30-50%, while NIKKEI-HI has fallen 12.3%.
• Investors keen to ride on the Asian indices' volatility today may wish to do so via the focus HSI, HSTECH and NIKKEI warrants. View their live matrix here.
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: FBM KLCI Gains as US Delays Tariff Hikes
The US decision to postpone import tariff hikes on Mexico and Canada boosted market sentiment, leading the FBM KLCI to open on a positive note. Market sentiment improved with most sectors trading in the green, except for healthcare and industrials. The construction sector outperformed and continues to see a rebound, while the energy sector traded sideways before ending higher. Meanwhile, gold-related stocks surged near all-time highs, driven by safe-haven demand amid ongoing US tariff concerns.
In today’s report, our analysts have upgraded SUNREIT (Target Price: MYR 2.13) to a BUY rating. Investors looking to gain exposure in this sector may consider SUNREIT as an opportunity. For more details, explore the full report on the Maybank Trade MY app today.
Trade Your Way Forward. Simple, Smart, and Seamlessly
#Middayrecap
The US decision to postpone import tariff hikes on Mexico and Canada boosted market sentiment, leading the FBM KLCI to open on a positive note. Market sentiment improved with most sectors trading in the green, except for healthcare and industrials. The construction sector outperformed and continues to see a rebound, while the energy sector traded sideways before ending higher. Meanwhile, gold-related stocks surged near all-time highs, driven by safe-haven demand amid ongoing US tariff concerns.
In today’s report, our analysts have upgraded SUNREIT (Target Price: MYR 2.13) to a BUY rating. Investors looking to gain exposure in this sector may consider SUNREIT as an opportunity. For more details, explore the full report on the Maybank Trade MY app today.
Trade Your Way Forward. Simple, Smart, and Seamlessly
#Middayrecap
Salcon partners TNB for Perak solar project | https://www.klsescreener.com/v2/news/view/1467111
KLSE Screener
Salcon partners TNB for Perak solar project
KUALA LUMPUR: Salcon Bhd’s indirect unit, Mentari Kamuning Sdn Bhd (MKSB), has signed a new enhanced dispatch agreement or Neda connection agreement with Tenaga Nasional Bhd (TNB).