Forwarded from Trade With Maybank
Improved Forecasts for Malaysia’s Auto Sector
Maybank Investment Bank (Maybank IB) Research has revised its 2025 total industry volume (TIV) forecast for the Malaysian auto sector to 790,000 units, up from 750,000, citing mass-market growth driven by higher consumer spending and wage hikes.
Additionally, the postponement of the open market value (OMV) revision to Jan'26 will delay price hikes on completely knocked-down (CKD) vehicles, supporting near-term demand.
Investors seeking leveraged exposure to the Malaysian automotive sector may consider DRBHCOM-C3K, the longest dated Call Warrants issued over DRBHCOM and also the most responsive DRBHCOM Call Warrants on Bursa Malaysia.
#DailyHighlights
Maybank Investment Bank (Maybank IB) Research has revised its 2025 total industry volume (TIV) forecast for the Malaysian auto sector to 790,000 units, up from 750,000, citing mass-market growth driven by higher consumer spending and wage hikes.
Additionally, the postponement of the open market value (OMV) revision to Jan'26 will delay price hikes on completely knocked-down (CKD) vehicles, supporting near-term demand.
Investors seeking leveraged exposure to the Malaysian automotive sector may consider DRBHCOM-C3K, the longest dated Call Warrants issued over DRBHCOM and also the most responsive DRBHCOM Call Warrants on Bursa Malaysia.
#DailyHighlights
Forwarded from CGS International Securities Malaysia
*Corporate news*
A JV between *Fajarbaru Builder Group Bhd* and Avionics Pty Ltd has secured a RM131.6m contract from the Australian Department of Defence that expands their scope of works in the redevelopment of military facilities located at the Royal Malaysian Air Force (RMAF) base in Butterworth, Penang. (The Edge Malaysia)
Oil and gas offshore support vessel (OSV) operator *Keyfield International Bhd* said the group has secured two contracts worth a total of RM59.6m for vessel charter jobs in the United Arab Emirates (UAE) and Malaysia. (The Edge Malaysia)
*Ge-Shen Corp Bhd* is to sell Johor Bahru land measuring 4.61 acres in aggregate, with an office, a warehouse, and a factory built atop, for RM35m in cash. (The Edge Malaysia)
*Senheng New Retail Bhd* is disposing of a piece of freehold industrial vacant land in Tebrau, Johor, measuring 1.041ha for RM11.2m cash. (The Edge Malaysia)
*SPB Development Bhd* said on Monday it had secured the approval from the Securities Commission Malaysia (SC) for its listing on the Main Market of Bursa Malaysia. (The Edge Malaysia)
Target 1 Sdn Bhd, one of the parties acting in concert to take over *South Malaysia Industries Bhd*, has received another seven-day extension to deliver the offer document to the latter’s shareholders. (The Edge Malaysia)
Steel manufacturer *Ann Joo Resources Bhd* said it is acquiring the remaining 45% equity interest in Konsortia Etiqa Sdn Bhd (KESB), the owner of 437 acres of industrial land in Kedah, for RM96m. (The Edge Malaysia)
Lembaga Tabung Haji has ceased to be a substantial shareholder of *Focus Point Holdings Bhd* after disposing of a 0.11% stake in the optical retail chain operator. (The Edge Malaysia)
Forever Famous Sdn Bhd, which emerged as the largest shareholder of *Sersol Bhd* just three weeks ago, has disposed of its entire 13.7% stake in the coating solutions company. (The Edge Malaysia)
*The government has reaffirmed its commitment to maintaining Malaysia as an open economy* that relies on international trade and is taking strategic steps to reconcile the country's interest with policy changes under the new US administration. Foreign Minister Datuk Seri Mohamad Hasan said Malaysia will capitalise on opportunities for further strengthening bilateral relations and cooperation with the US. (Bernama)
*Malaysia will be more aggressive in expanding its trade partnerships to mitigate the impact of escalating global trade tensions*, Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday. The government aims to diversify its trade relations by strengthening ties with countries across Africa, particularly South Africa and Ethiopia, as well as Latin America, including Brazil and Peru, and also with Russia, Anwar said during the prime minister’s question time in the Dewan Rakyat. (The Edge Malaysia)
*5th Feb 2025*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
A JV between *Fajarbaru Builder Group Bhd* and Avionics Pty Ltd has secured a RM131.6m contract from the Australian Department of Defence that expands their scope of works in the redevelopment of military facilities located at the Royal Malaysian Air Force (RMAF) base in Butterworth, Penang. (The Edge Malaysia)
Oil and gas offshore support vessel (OSV) operator *Keyfield International Bhd* said the group has secured two contracts worth a total of RM59.6m for vessel charter jobs in the United Arab Emirates (UAE) and Malaysia. (The Edge Malaysia)
*Ge-Shen Corp Bhd* is to sell Johor Bahru land measuring 4.61 acres in aggregate, with an office, a warehouse, and a factory built atop, for RM35m in cash. (The Edge Malaysia)
*Senheng New Retail Bhd* is disposing of a piece of freehold industrial vacant land in Tebrau, Johor, measuring 1.041ha for RM11.2m cash. (The Edge Malaysia)
*SPB Development Bhd* said on Monday it had secured the approval from the Securities Commission Malaysia (SC) for its listing on the Main Market of Bursa Malaysia. (The Edge Malaysia)
Target 1 Sdn Bhd, one of the parties acting in concert to take over *South Malaysia Industries Bhd*, has received another seven-day extension to deliver the offer document to the latter’s shareholders. (The Edge Malaysia)
Steel manufacturer *Ann Joo Resources Bhd* said it is acquiring the remaining 45% equity interest in Konsortia Etiqa Sdn Bhd (KESB), the owner of 437 acres of industrial land in Kedah, for RM96m. (The Edge Malaysia)
Lembaga Tabung Haji has ceased to be a substantial shareholder of *Focus Point Holdings Bhd* after disposing of a 0.11% stake in the optical retail chain operator. (The Edge Malaysia)
Forever Famous Sdn Bhd, which emerged as the largest shareholder of *Sersol Bhd* just three weeks ago, has disposed of its entire 13.7% stake in the coating solutions company. (The Edge Malaysia)
*The government has reaffirmed its commitment to maintaining Malaysia as an open economy* that relies on international trade and is taking strategic steps to reconcile the country's interest with policy changes under the new US administration. Foreign Minister Datuk Seri Mohamad Hasan said Malaysia will capitalise on opportunities for further strengthening bilateral relations and cooperation with the US. (Bernama)
*Malaysia will be more aggressive in expanding its trade partnerships to mitigate the impact of escalating global trade tensions*, Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday. The government aims to diversify its trade relations by strengthening ties with countries across Africa, particularly South Africa and Ethiopia, as well as Latin America, including Brazil and Peru, and also with Russia, Anwar said during the prime minister’s question time in the Dewan Rakyat. (The Edge Malaysia)
*5th Feb 2025*
Disclaimers: This distribution is by CGS International Securities Malaysia Sdn. Bhd. (“CGS MY”) in Malaysia only. The views are our own as of this date and subject to change. No further distribution is allowed without our prior written consent. CGS MY, its related corporations, affiliates and business partners make no recommendation, offer or invitation to transact in any securities, futures contracts or other instruments. Please make your independent evaluation, consider your own investment objectives and financial situation and consult your own professional advisers before participating in any transaction.
Forwarded from Macquarie Warrants Malaysia
🚨 Brace for more volatility in the Hang Seng indices ahead of planned Trump-Xi negotiations
• With Trump's 10% tariff on China kicking in yesterday, China announced a series of retaliatory actions against the US. An additional 10% tariffs were added on crude oil, agricultural equipment and large displacement fuel vehicles imports; 15% additional tariffs were placed on coal and LNG. This is estimated to affect around US$14 billion in imports, which pales in comparison to total China exports to the US of US$525 billion.
• Meanwhile, China's Ministry of Commerce added PVH Group, owner of the Calvin Klein and Tommy Hilfiger brands, and Illumina, a gene-sequencing equipment maker, to the unreliable entity list - which in turn restricts their investment and personnel movement in China and may lead to fines
• China also added export controls on Tungsten, Tellurium, Bismuth, Molybdenum and Indium. This has implications for global high-tech supply chains.
• These actions come ahead of the planned call between Presidents Trump and Xi and look to set the table for initial trade negotiations. Energy remains a key point of leverage for China given Trump's focus on expanding US energy exports. Similarly, the use of China's entity list on non-defense companies provides a warning to US businesses looking to remain active in China.
• Given the on-off tariff headlines this week, investors may find themselves whiplashed by the large swing in market direction, particularly in Chinese stocks. Those who wish to gain leveraged exposure to this large market swing may wish to do so via our focus call and/or put warrants tracking the broad Hang Seng indices.
• Focus call warrants HSI-CWA5 and HSI-CWCG have fallen 13% and 17% in price, while focus put warrants HSI-PWB8 and HSI-PWBW have surged 11% and 18% in price respectively. View their live matrix here.
• With Trump's 10% tariff on China kicking in yesterday, China announced a series of retaliatory actions against the US. An additional 10% tariffs were added on crude oil, agricultural equipment and large displacement fuel vehicles imports; 15% additional tariffs were placed on coal and LNG. This is estimated to affect around US$14 billion in imports, which pales in comparison to total China exports to the US of US$525 billion.
• Meanwhile, China's Ministry of Commerce added PVH Group, owner of the Calvin Klein and Tommy Hilfiger brands, and Illumina, a gene-sequencing equipment maker, to the unreliable entity list - which in turn restricts their investment and personnel movement in China and may lead to fines
• China also added export controls on Tungsten, Tellurium, Bismuth, Molybdenum and Indium. This has implications for global high-tech supply chains.
• These actions come ahead of the planned call between Presidents Trump and Xi and look to set the table for initial trade negotiations. Energy remains a key point of leverage for China given Trump's focus on expanding US energy exports. Similarly, the use of China's entity list on non-defense companies provides a warning to US businesses looking to remain active in China.
• Given the on-off tariff headlines this week, investors may find themselves whiplashed by the large swing in market direction, particularly in Chinese stocks. Those who wish to gain leveraged exposure to this large market swing may wish to do so via our focus call and/or put warrants tracking the broad Hang Seng indices.
• Focus call warrants HSI-CWA5 and HSI-CWCG have fallen 13% and 17% in price, while focus put warrants HSI-PWB8 and HSI-PWBW have surged 11% and 18% in price respectively. View their live matrix here.
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Will the Rally Hold?
The FBM KLCI continues its upward momentum today, likely mirroring Wall Street’s gains on renewed US-China trade optimism. Market sentiment remains positive, with gainers outpacing laggards. The construction sector extended its rally for a 4th day, while telco & media initially traded in positive territory before slipping into the red, making it the only index posting losses. Meanwhile, energy is finally rebounding after more than a week of declines. Gold prices also surged to another all-time high.
Our analysts just released a Malaysia Automotive report, highlighting a 5% upward revision in the 2025 Total Industry Volume (TIV) forecast to 790,000 units, driven by sustained mass-market growth. Investors seeking opportunities may consider SIME (Target Price: MYR 2.64) and BAUTO (Target Price: MYR 2.42). For more details, check the full report on your Maybank Trade MY app today!
Trade Your Way Forward. Simple, Smart, and Seamlessly
#Middayrecap
The FBM KLCI continues its upward momentum today, likely mirroring Wall Street’s gains on renewed US-China trade optimism. Market sentiment remains positive, with gainers outpacing laggards. The construction sector extended its rally for a 4th day, while telco & media initially traded in positive territory before slipping into the red, making it the only index posting losses. Meanwhile, energy is finally rebounding after more than a week of declines. Gold prices also surged to another all-time high.
Our analysts just released a Malaysia Automotive report, highlighting a 5% upward revision in the 2025 Total Industry Volume (TIV) forecast to 790,000 units, driven by sustained mass-market growth. Investors seeking opportunities may consider SIME (Target Price: MYR 2.64) and BAUTO (Target Price: MYR 2.42). For more details, check the full report on your Maybank Trade MY app today!
Trade Your Way Forward. Simple, Smart, and Seamlessly
#Middayrecap
Forwarded from M+ On-The-Go
M+ Market Wrap - 5Feb25
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
The FBMKLCI (+0.64%) extended its gains for the second consecutive day and closed higher at 1574.51 pts, with data centre related-heavyweights like GAMUDA (+20.0 sen) and YTLPOWR (+13.0 sen) gained traction for the session. The market breadth was also positive, with 622 gainers against 345 losers. In the broader market, all the sectors ended in green, with the Construction (+2.76%) sector showing the strongest rally, buoyed by gains in GAMUDA (+20.0 sen) and SUNCON (+14.0 sen).
Top 3 Active stocks:
TWL (7079): RM0.025 (unch)
HM (0060): RM0.195 (unch)
KOPI (0338): RM0.895 (-0.5 sen)
Volume: 2.86 bn (100-bar avg vol: 2.95 bn)
Value: RM2.33 bn (100-bar avg val: RM2.68 bn)
Market Breadth: ⬆️622 ⬇️345
Crude palm oil: RM4,341 (+RM33)
Dow Futures: 44,630 pts (-67 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
The FBMKLCI (+0.64%) extended its gains for the second consecutive day and closed higher at 1574.51 pts, with data centre related-heavyweights like GAMUDA (+20.0 sen) and YTLPOWR (+13.0 sen) gained traction for the session. The market breadth was also positive, with 622 gainers against 345 losers. In the broader market, all the sectors ended in green, with the Construction (+2.76%) sector showing the strongest rally, buoyed by gains in GAMUDA (+20.0 sen) and SUNCON (+14.0 sen).
Top 3 Active stocks:
TWL (7079): RM0.025 (unch)
HM (0060): RM0.195 (unch)
KOPI (0338): RM0.895 (-0.5 sen)
Volume: 2.86 bn (100-bar avg vol: 2.95 bn)
Value: RM2.33 bn (100-bar avg val: RM2.68 bn)
Market Breadth: ⬆️622 ⬇️345
Crude palm oil: RM4,341 (+RM33)
Dow Futures: 44,630 pts (-67 pts)
**Source: Bloomberg, M+**
Forwarded from M+ On-The-Go
M+ Market Wrap - 6Feb25
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
In tandem with the regional market performance, the FBMKLCI (+0.68%) continued to close higher at 1585.17 pts, led by key heavyweights including MAYBANK (+8.0 sen) and PETGAS (+44.0 sen). The market breadth was also positive, with 489 gainers against 388 losers. In the broader market, 12 out of the 13 sectors closed green, with Transportation & Logistics (+1.21%) sector showing the strongest rally. Meanwhile, REIT (-0.20%) was the only sector that closes in the negative territory.
Top 3 Active stocks:
BORNOIL (7036): RM0.010 (unch)
NORTHERN (0340): RM0.790 (+16.0 sen)
MYEG (0138): RM0.985 (+1.5 sen)
Volume: 2.86 bn (100-bar avg vol: 2.95 bn)
Value: RM2.33 bn (100-bar avg val: RM2.66 bn)
Market Breadth: ⬆️489 ⬇️388
Crude palm oil: RM4,317 (-RM17)
Dow Futures: 45,012 pts (+8 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,574.51 pts (+9.95pts, +0.64%)
In tandem with the regional market performance, the FBMKLCI (+0.68%) continued to close higher at 1585.17 pts, led by key heavyweights including MAYBANK (+8.0 sen) and PETGAS (+44.0 sen). The market breadth was also positive, with 489 gainers against 388 losers. In the broader market, 12 out of the 13 sectors closed green, with Transportation & Logistics (+1.21%) sector showing the strongest rally. Meanwhile, REIT (-0.20%) was the only sector that closes in the negative territory.
Top 3 Active stocks:
BORNOIL (7036): RM0.010 (unch)
NORTHERN (0340): RM0.790 (+16.0 sen)
MYEG (0138): RM0.985 (+1.5 sen)
Volume: 2.86 bn (100-bar avg vol: 2.95 bn)
Value: RM2.33 bn (100-bar avg val: RM2.66 bn)
Market Breadth: ⬆️489 ⬇️388
Crude palm oil: RM4,317 (-RM17)
Dow Futures: 45,012 pts (+8 pts)
**Source: Bloomberg, M+**
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 7Feb25
Dow Jones: 44,747.63 pts (-125.65pts, -0.28%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,585.17 pts (+10.66pts, +0.68%)
⬆️ Resistance: 1620
⬇️ Support: 1520
HSI Index: 20,891.62 pts (+294.53pts, +1.43%)
⬆️ Resistance: 21400
⬇️ Support: 19400
Crude Palm Oil: RM4,403 (+RM8, +0.18%)
⬆️ Resistance: 4520
⬇️ Support: 4170
Brent Oil: $74.29 (-$0.32, -0.43%)
⬆️ Resistance: 79.10
⬇️ Support: 72.70
Gold: $2,856.28 (+$0.69, +0.02%)
⬆️ Resistance: 2950
⬇️ Support: 2720
Source: Bloomberg, M+
Dow Jones: 44,747.63 pts (-125.65pts, -0.28%)
⬆️ Resistance: 46000
⬇️ Support: 43100
FBM KLCI: 1,585.17 pts (+10.66pts, +0.68%)
⬆️ Resistance: 1620
⬇️ Support: 1520
HSI Index: 20,891.62 pts (+294.53pts, +1.43%)
⬆️ Resistance: 21400
⬇️ Support: 19400
Crude Palm Oil: RM4,403 (+RM8, +0.18%)
⬆️ Resistance: 4520
⬇️ Support: 4170
Brent Oil: $74.29 (-$0.32, -0.43%)
⬆️ Resistance: 79.10
⬇️ Support: 72.70
Gold: $2,856.28 (+$0.69, +0.02%)
⬆️ Resistance: 2950
⬇️ Support: 2720
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 07Feb25
Malaysia Poised For A Stronger Rebound
The local bourse edged higher for the fourth day, buoyed by gains in MAYBANK and PETGAS. In the US, Wall Street closed mixed, with S&P 500 and Nasdaq posting gains, but the Dow ended lower, as initial jobless claims data came in higher-than-expected. All eyes will be on the nonfarm payrolls later today, which will help Fed determine the path of interest rates ahead. In the commodities market, Brent crude oil dipped towards USD74.3 per barrel following Trump’s renewed pledge on bringing down oil prices, while gold prices retreated marginally from its all-time high, trading around USD2,856 level. Meanwhile, CPO prices regained momentum and broke above the RM4,400 mark.
Sector Focus: Amid the ongoing US-China trade war, we opine that the local Gloves and Technology counters will benefit from the rising tensions. The trade war could also prompt manufacturers to diversify their production bases, further solidifying the China+1 strategy and strengthening Malaysia’s position as a strategic industrial hub, which may benefit the Construction, Building Materials, and Utilities sectors. Lastly, traders can also look into the newly listed solar-related IPO, Northern Solar (M+ TP: RM1.12), which gained 25% on its ACE Market debut yesterday.
Stocks to watch:
Technology: *ADB*, *CORAZA*, *GENETEC*, *MYEG*
Healthcare: KPJ, *SUPERMX*
Consumer: *GCB*
Utility: PEKAT
Logistics: AGX
Source: M+
Malaysia Poised For A Stronger Rebound
The local bourse edged higher for the fourth day, buoyed by gains in MAYBANK and PETGAS. In the US, Wall Street closed mixed, with S&P 500 and Nasdaq posting gains, but the Dow ended lower, as initial jobless claims data came in higher-than-expected. All eyes will be on the nonfarm payrolls later today, which will help Fed determine the path of interest rates ahead. In the commodities market, Brent crude oil dipped towards USD74.3 per barrel following Trump’s renewed pledge on bringing down oil prices, while gold prices retreated marginally from its all-time high, trading around USD2,856 level. Meanwhile, CPO prices regained momentum and broke above the RM4,400 mark.
Sector Focus: Amid the ongoing US-China trade war, we opine that the local Gloves and Technology counters will benefit from the rising tensions. The trade war could also prompt manufacturers to diversify their production bases, further solidifying the China+1 strategy and strengthening Malaysia’s position as a strategic industrial hub, which may benefit the Construction, Building Materials, and Utilities sectors. Lastly, traders can also look into the newly listed solar-related IPO, Northern Solar (M+ TP: RM1.12), which gained 25% on its ACE Market debut yesterday.
Stocks to watch:
Technology: *ADB*, *CORAZA*, *GENETEC*, *MYEG*
Healthcare: KPJ, *SUPERMX*
Consumer: *GCB*
Utility: PEKAT
Logistics: AGX
Source: M+
Forwarded from Rakuten Trade Ideas 🎯
📊 Bursa market earnings results (7.2.25)
1️⃣ AXREIT (5106)
📈 Beat FY24 earnings expectations
Outperform with target price – RM1.86
Last traded price – RM1.80
2️⃣ HPPHB (0228)
📉 Missed 1HFY25 earnings expectations
Underperform with target price – RM0.27
Last traded price – RM0.42
3️⃣ IGBREIT (5227)
📈 Beat FY24 earnings expectations
Market Perform with target price – RM2.20
Last traded price – RM2.16
4️⃣ WPRTS (5246)
📈 Beat FY24 earnings expectations
Market Perform with target price – RM4.40
Last traded price – RM4.57
5️⃣ CLMT (5180)
📈 Beat FY24 earnings expectations
Outperform with target price – RM0.75
Last traded price – RM0.68
6️⃣ ANCOMNY (4758)
📉 Missed 1HFY25 earnings expectations
Outperform with target price – RM1.20
Last traded price – RM0.995
7️⃣ BURSA (1818)
📈 Beat FY24 earnings expectations
Outperform with target price – RM9.70
Last traded price – RM8.26
8️⃣ F&N (3689)
📈 Beat Q1FY25 earnings expectations
Outperform with target price – RM34.40
Last traded price – RM25.86
9️⃣ SUNREIT (5176)
📉 Missed FY24 earnings expectations
Outperform with target price – RM2.07
Last traded price – RM1.96
Kenanga Research target prices
*Last traded price based on 06-Feb closing price.
1️⃣ AXREIT (5106)
📈 Beat FY24 earnings expectations
Outperform with target price – RM1.86
Last traded price – RM1.80
2️⃣ HPPHB (0228)
📉 Missed 1HFY25 earnings expectations
Underperform with target price – RM0.27
Last traded price – RM0.42
3️⃣ IGBREIT (5227)
📈 Beat FY24 earnings expectations
Market Perform with target price – RM2.20
Last traded price – RM2.16
4️⃣ WPRTS (5246)
📈 Beat FY24 earnings expectations
Market Perform with target price – RM4.40
Last traded price – RM4.57
5️⃣ CLMT (5180)
📈 Beat FY24 earnings expectations
Outperform with target price – RM0.75
Last traded price – RM0.68
6️⃣ ANCOMNY (4758)
📉 Missed 1HFY25 earnings expectations
Outperform with target price – RM1.20
Last traded price – RM0.995
7️⃣ BURSA (1818)
📈 Beat FY24 earnings expectations
Outperform with target price – RM9.70
Last traded price – RM8.26
8️⃣ F&N (3689)
📈 Beat Q1FY25 earnings expectations
Outperform with target price – RM34.40
Last traded price – RM25.86
9️⃣ SUNREIT (5176)
📉 Missed FY24 earnings expectations
Outperform with target price – RM2.07
Last traded price – RM1.96
Kenanga Research target prices
*Last traded price based on 06-Feb closing price.
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Tech Leads the Rally
The FBM KLCI opened higher today, supported by gains in CIMB and YTL stocks. Market sentiment continues to improve, with most sectors trading in the green, except for REIT and plantation. Technology emerged as the leading mover, rebounding strongly with INARI and MYEG at the forefront, while the construction sector extended its uptrend after its slight pause yesterday. In corporate news, Notion VTec announced a land acquisition worth nearly RM30 million for future expansion. Key events today include BNM international reserves update and the US Non-Farm Payroll report (9:30pm)
As tech stood out as today’s top gainer, investors looking to trade on this bullish sentiment may consider MYEG (Target Price: MYR 1.68) and ITMAX (Target Price: MYR 4.40) for potential trading opportunities. For further details, check the full report on your Maybank Trade MY app today!
Trade Your Way Forward. Simple, Smart, and Seamlessly
#Middayrecap
The FBM KLCI opened higher today, supported by gains in CIMB and YTL stocks. Market sentiment continues to improve, with most sectors trading in the green, except for REIT and plantation. Technology emerged as the leading mover, rebounding strongly with INARI and MYEG at the forefront, while the construction sector extended its uptrend after its slight pause yesterday. In corporate news, Notion VTec announced a land acquisition worth nearly RM30 million for future expansion. Key events today include BNM international reserves update and the US Non-Farm Payroll report (9:30pm)
As tech stood out as today’s top gainer, investors looking to trade on this bullish sentiment may consider MYEG (Target Price: MYR 1.68) and ITMAX (Target Price: MYR 4.40) for potential trading opportunities. For further details, check the full report on your Maybank Trade MY app today!
Trade Your Way Forward. Simple, Smart, and Seamlessly
#Middayrecap
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 10Feb25
Dow Jones: 44,303.40 pts (-444.23pts, -0.99%)
⬆️ Resistance: 45900
⬇️ Support: 43100
FBM KLCI: 1,590.91 pts (+5.74pts, +0.36%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 21,133.54 pts (+241.92pts, +1.16%)
⬆️ Resistance: 21700
⬇️ Support: 19400
Crude Palm Oil: RM4,504 (+RM101, +2.29%)
⬆️ Resistance: 4640
⬇️ Support: 4190
Brent Oil: $74.66 (+$0.37, +0.50%)
⬆️ Resistance: 78.90
⬇️ Support: 72.70
Gold: $2,861.07 (+$4.79, +0.17%)
⬆️ Resistance: 2950
⬇️ Support: 2720
Source: Bloomberg, M+
Dow Jones: 44,303.40 pts (-444.23pts, -0.99%)
⬆️ Resistance: 45900
⬇️ Support: 43100
FBM KLCI: 1,590.91 pts (+5.74pts, +0.36%)
⬆️ Resistance: 1630
⬇️ Support: 1520
HSI Index: 21,133.54 pts (+241.92pts, +1.16%)
⬆️ Resistance: 21700
⬇️ Support: 19400
Crude Palm Oil: RM4,504 (+RM101, +2.29%)
⬆️ Resistance: 4640
⬇️ Support: 4190
Brent Oil: $74.66 (+$0.37, +0.50%)
⬆️ Resistance: 78.90
⬇️ Support: 72.70
Gold: $2,861.07 (+$4.79, +0.17%)
⬆️ Resistance: 2950
⬇️ Support: 2720
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Market Update – 10Feb25
New Tariff Threats Could Weigh on Gains
The FBMKLCI ended the week with a five-day winning streak, fuelled by bargain hunting in Banking and Utilities heavyweights. Meanwhile, sentiment in the US weakened due to slowing job growth, despite a declining unemployment rate and stronger wage growth. Additionally, inflationary pressure remained elevated compared to previous month, signalling a slower easing cycle ahead. Also, President Trump is reportedly considering fresh tariffs of 25% on all steel and aluminium imports later today. This week, traders will closely monitor key upcoming data, including (i) Core CPI, (ii) CPI, (iii) Core PPI, (iv) PPI, and (v) retail sales. In the commodities market, Brent Crude closed below USD75 per barrel, while gold prices remained elevated around USD2,860 per ounce. CPO prices surged above RM 4,500.
Sector Focus: The local bourse is set to open lower, following Wall Street’s sell-offs on Friday, as fears of a global trade war intensify amid reports that President Trump could announce an additional 25% tariff to be imposed on steel and aluminium. We believe the stronger dollar outlook, coupled with the ongoing US-China trade tensions, will bode well for the Glove sector. Meanwhile, we believe the Renewable Energy, Construction, and Property sectors will remain on traders' radar, driven by various government initiatives like JSSEZ and NETR.
Stocks to watch:
Technology: *GENETEC*, *ITMAX*, KGB, MYEG
Construction: BNASTRA *INTA*
Consumer: *DXN*
Financial: *CIMB*
Building Material: UNIQUE
Logistics: AGX
Source: M+
New Tariff Threats Could Weigh on Gains
The FBMKLCI ended the week with a five-day winning streak, fuelled by bargain hunting in Banking and Utilities heavyweights. Meanwhile, sentiment in the US weakened due to slowing job growth, despite a declining unemployment rate and stronger wage growth. Additionally, inflationary pressure remained elevated compared to previous month, signalling a slower easing cycle ahead. Also, President Trump is reportedly considering fresh tariffs of 25% on all steel and aluminium imports later today. This week, traders will closely monitor key upcoming data, including (i) Core CPI, (ii) CPI, (iii) Core PPI, (iv) PPI, and (v) retail sales. In the commodities market, Brent Crude closed below USD75 per barrel, while gold prices remained elevated around USD2,860 per ounce. CPO prices surged above RM 4,500.
Sector Focus: The local bourse is set to open lower, following Wall Street’s sell-offs on Friday, as fears of a global trade war intensify amid reports that President Trump could announce an additional 25% tariff to be imposed on steel and aluminium. We believe the stronger dollar outlook, coupled with the ongoing US-China trade tensions, will bode well for the Glove sector. Meanwhile, we believe the Renewable Energy, Construction, and Property sectors will remain on traders' radar, driven by various government initiatives like JSSEZ and NETR.
Stocks to watch:
Technology: *GENETEC*, *ITMAX*, KGB, MYEG
Construction: BNASTRA *INTA*
Consumer: *DXN*
Financial: *CIMB*
Building Material: UNIQUE
Logistics: AGX
Source: M+