Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Cautious Trading Persists
The FBM KLCI started the week with sideways movement, hovering around the 1,500 mark. Despite the index staying in positive territory, market breadth remained weak, with laggards significantly outpacing gainers. Telco & media and REIT sectors extended their rebound after three consecutive days of declines, while the healthcare sector is dragged down by glove stocks. Meanwhile, most indices traded in the red at the midday break, reflecting a cautious market mood. Looking ahead, investors should keep an eye on BNM’s 2024 annual report released today and the US Core PCE Price Index scheduled for 28 March at 8:30PM.
With telco & media leading today's market gains, investors looking to explore this sector may consider TM (Target Price: MYR 7.50) as a potential BUY. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart, and Seamless.
#MiddayRecap
The FBM KLCI started the week with sideways movement, hovering around the 1,500 mark. Despite the index staying in positive territory, market breadth remained weak, with laggards significantly outpacing gainers. Telco & media and REIT sectors extended their rebound after three consecutive days of declines, while the healthcare sector is dragged down by glove stocks. Meanwhile, most indices traded in the red at the midday break, reflecting a cautious market mood. Looking ahead, investors should keep an eye on BNM’s 2024 annual report released today and the US Core PCE Price Index scheduled for 28 March at 8:30PM.
With telco & media leading today's market gains, investors looking to explore this sector may consider TM (Target Price: MYR 7.50) as a potential BUY. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart, and Seamless.
#MiddayRecap
Malaysia to tighten semiconductor trade regulations under US pressure, Zafrul says in FT interview
https://theedgemalaysia.com/node/748963
https://theedgemalaysia.com/node/748963
The Edge Malaysia
Malaysia to tighten semiconductor trade regulations under US pressure, Zafrul says in FT interview
Malaysia is planning to tighten regulations on semiconductors under pressure from the US, the Financial Times reported citing Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
M+ Morning Market Buzz - 25Mar25
Dow Jones: 42,583.32 pts (+597.97pts, +1.42%)
⬆️ Resistance: 43500
⬇️ Support: 40600
FBM KLCI: 1,503.82 pts (-1.63pts, -0.11%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,905.56 pts (+215.84pts, +0.91%)
⬆️ Resistance: 25400
⬇️ Support: 23100
Crude Palm Oil: RM4,305 (+RM34, +0.79%)
⬆️ Resistance: 4560
⬇️ Support: 4210
Brent Oil: $73.00 (+$0.84, +1.16%)
⬆️ Resistance: 74.70
⬇️ Support: 68.60
Gold: $3,011.04 (-$0.27, -0.01%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
Dow Jones: 42,583.32 pts (+597.97pts, +1.42%)
⬆️ Resistance: 43500
⬇️ Support: 40600
FBM KLCI: 1,503.82 pts (-1.63pts, -0.11%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,905.56 pts (+215.84pts, +0.91%)
⬆️ Resistance: 25400
⬇️ Support: 23100
Crude Palm Oil: RM4,305 (+RM34, +0.79%)
⬆️ Resistance: 4560
⬇️ Support: 4210
Brent Oil: $73.00 (+$0.84, +1.16%)
⬆️ Resistance: 74.70
⬇️ Support: 68.60
Gold: $3,011.04 (-$0.27, -0.01%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
M+ Market Update – 25Mar25
Market Sentiment Turning Positive
US: The rally in the "Magnificent Seven" reflects hopes that the U.S. may avoid an economic slowdown, as reports suggest tariffs could be narrower in scope or delayed. This has eased some trade war fears. However, investors remain cautious about inflation and recession risks ahead of Trump’s April 2 tariff deadline. This week, traders will closely monitor (i) Flash Manufacturing PMI, (ii) Flash Services PMI, (iii) U.S. economic growth, (iv) Unemployment Claims, and (v) Core PCE Index. In the commodities market, Brent Crude edged higher toward USD72 per barrel, while Gold retreated further to USD3,012 an ounce. CPO prices traded flat, hovering around RM4,339.
MY: Tracking the US markets, the KLCI is set to open higher, with Technology stocks in focus. Meanwhile, Venezuela’s oil supply is expected to be revoked soon and the US President could be imposing 25% tariffs on oil trading partners dealing with Venezuela. Thus, with US-Iran sanctions and OPEC+ production cuts, this may lead to a higher crude oil price environment. Besides, we see trading opportunities in stocks linked to the nation’s automotive brands, benefiting from March’s higher vehicle sales and anticipating that Hari Raya in April will drive increased delivery turnover for backlogged orders.
Stocks to watch:
Commodity: *AUMAS*, *POHKONG*
Construction: *BNASTRA*, SUNCON
Logistics: *WPRTS*
Healthcare: *KPJ*
Consumer: SPRITZER
Utility: MNHLDG
Source: M+
Market Sentiment Turning Positive
US: The rally in the "Magnificent Seven" reflects hopes that the U.S. may avoid an economic slowdown, as reports suggest tariffs could be narrower in scope or delayed. This has eased some trade war fears. However, investors remain cautious about inflation and recession risks ahead of Trump’s April 2 tariff deadline. This week, traders will closely monitor (i) Flash Manufacturing PMI, (ii) Flash Services PMI, (iii) U.S. economic growth, (iv) Unemployment Claims, and (v) Core PCE Index. In the commodities market, Brent Crude edged higher toward USD72 per barrel, while Gold retreated further to USD3,012 an ounce. CPO prices traded flat, hovering around RM4,339.
MY: Tracking the US markets, the KLCI is set to open higher, with Technology stocks in focus. Meanwhile, Venezuela’s oil supply is expected to be revoked soon and the US President could be imposing 25% tariffs on oil trading partners dealing with Venezuela. Thus, with US-Iran sanctions and OPEC+ production cuts, this may lead to a higher crude oil price environment. Besides, we see trading opportunities in stocks linked to the nation’s automotive brands, benefiting from March’s higher vehicle sales and anticipating that Hari Raya in April will drive increased delivery turnover for backlogged orders.
Stocks to watch:
Commodity: *AUMAS*, *POHKONG*
Construction: *BNASTRA*, SUNCON
Logistics: *WPRTS*
Healthcare: *KPJ*
Consumer: SPRITZER
Utility: MNHLDG
Source: M+
Good Morning All,
Here’s our Technical Focus note on Elridge Energy Holdings Bhd: https://mplusonline.com/research-report/detail/739
Elridge Energy Holdings Berhad (EEHB) is extending its bullish trend while testing immediate resistance at RM0.475–0.480. A breakout above this level would confirm a bullish bias, targeting RM0.525–0.530, whereas a drop below the RM0.450 support would signal a potential correction.
Trading catalysts include:
(i) Key proxy to Japan's government initiatives,
(ii) Capacity expansion to meet growing demand, and
(iii) Financial results in line with expectations.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
25 Mar 2025
Here’s our Technical Focus note on Elridge Energy Holdings Bhd: https://mplusonline.com/research-report/detail/739
Elridge Energy Holdings Berhad (EEHB) is extending its bullish trend while testing immediate resistance at RM0.475–0.480. A breakout above this level would confirm a bullish bias, targeting RM0.525–0.530, whereas a drop below the RM0.450 support would signal a potential correction.
Trading catalysts include:
(i) Key proxy to Japan's government initiatives,
(ii) Capacity expansion to meet growing demand, and
(iii) Financial results in line with expectations.
Please let us know if you have any questions. Have a nice day!
Research Team, M+
25 Mar 2025
Mplusonline
Your Trusted Guide to Global Trading | Malacca Securities
Trade in the MY, US & HK markets with real-time data, Shariah screening, 24-hour online customer sup...
M+ Market Wrap - 25Mar25
FBM KLCI: 1,513.60 pts (+9.78pts, +0.65%)
In line with the risk-on sentiment on Wall Street, the FBMKLCI (+0.65%) rebounded, as Banking heavyweights CIMB (+8.0 sen) and MAYBANK (+6.0 sen) lifted sentiment on the local front. Market breadth was positive, with gainers outpacing losers by a ratio of 591-to-395 stocks. In the broader market, the Technology sector (+2.16%) outperformed, led by INARI (+6.0 sen) and VITROX (+8.0 sen), while REITs (-0.17%) continued their downward trend.
Top 3 Active stocks:
EAH (0154): RM0.005 (unch)
DENGKIL (0347): RM0.230 (-2.0 sen)
SG (5157): RM0.010 (-0.5 sen)
Volume: 3.13 bn (100-bar avg vol: 2.99 bn)
Value: RM2.51 bn (100-bar avg val: RM2.61 bn)
Market Breadth: ⬆️591⬇️395
Crude palm oil: RM4,258 (-RM47)
Dow Futures: 42,837 pts (-61 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,513.60 pts (+9.78pts, +0.65%)
In line with the risk-on sentiment on Wall Street, the FBMKLCI (+0.65%) rebounded, as Banking heavyweights CIMB (+8.0 sen) and MAYBANK (+6.0 sen) lifted sentiment on the local front. Market breadth was positive, with gainers outpacing losers by a ratio of 591-to-395 stocks. In the broader market, the Technology sector (+2.16%) outperformed, led by INARI (+6.0 sen) and VITROX (+8.0 sen), while REITs (-0.17%) continued their downward trend.
Top 3 Active stocks:
EAH (0154): RM0.005 (unch)
DENGKIL (0347): RM0.230 (-2.0 sen)
SG (5157): RM0.010 (-0.5 sen)
Volume: 3.13 bn (100-bar avg vol: 2.99 bn)
Value: RM2.51 bn (100-bar avg val: RM2.61 bn)
Market Breadth: ⬆️591⬇️395
Crude palm oil: RM4,258 (-RM47)
Dow Futures: 42,837 pts (-61 pts)
**Source: Bloomberg, M+**
Good Evening All,
Here’s our IPO note on MSB Global Group Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.26 per share for MSB Global Group Berhad, representing a 30.0% upside from the IPO price of RM0.20. This valuation is based on a P/E ratio of 14.5x, pegged to the mid-FY26F EPS of 1.78 sen. While the 12-month forward P/E and historical average P/E among its peers stand at 9.0x-11.0x, we believe the ascribed P/E is justified, given MSB’s strong fundamentals, supported by a solid ROE and net profit margin of 23.0% and 12.9%, respectively, outperforming the peer average of 12.4% and 9.7%, respectively.
Investment highlights include:
(i) Expansion of a new factory and warehouse
(ii) Enhancing production capacity with new machinery
(iii) Expansion into EV-related products
(iv) Long-term exclusive distribution rights for GSP branded products
(v) Strengthening digital presence to drive sales
(vi) Growing automotive aftermarket in Malaysia
(vii) Rising adoption of EVs in Malaysia
Please let me know if you have any questions. Have a nice day!
Research Team, M+
25 Mar 2025
Here’s our IPO note on MSB Global Group Bhd: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.26 per share for MSB Global Group Berhad, representing a 30.0% upside from the IPO price of RM0.20. This valuation is based on a P/E ratio of 14.5x, pegged to the mid-FY26F EPS of 1.78 sen. While the 12-month forward P/E and historical average P/E among its peers stand at 9.0x-11.0x, we believe the ascribed P/E is justified, given MSB’s strong fundamentals, supported by a solid ROE and net profit margin of 23.0% and 12.9%, respectively, outperforming the peer average of 12.4% and 9.7%, respectively.
Investment highlights include:
(i) Expansion of a new factory and warehouse
(ii) Enhancing production capacity with new machinery
(iii) Expansion into EV-related products
(iv) Long-term exclusive distribution rights for GSP branded products
(v) Strengthening digital presence to drive sales
(vi) Growing automotive aftermarket in Malaysia
(vii) Rising adoption of EVs in Malaysia
Please let me know if you have any questions. Have a nice day!
Research Team, M+
25 Mar 2025
M+ Morning Market Buzz - 26Mar25
Dow Jones: 42,587.50 pts (+4.18pts, +0.01%)
⬆️ Resistance: 43600
⬇️ Support: 40700
FBM KLCI: 1,513.60 pts (+8.68pts, +0.57%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,344.25 pts (+185.29pts, +0.79%)
⬆️ Resistance: 25400
⬇️ Support: 22900
Crude Palm Oil: RM4,245 (+RM19, +0.45%)
⬆️ Resistance: 4560
⬇️ Support: 4150
Brent Oil: $73.02 (+$0.31, +0.42%)
⬆️ Resistance: 75.10
⬇️ Support: 68.60
Gold: $3,020.09 (+$5.55, +0.18%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
Dow Jones: 42,587.50 pts (+4.18pts, +0.01%)
⬆️ Resistance: 43600
⬇️ Support: 40700
FBM KLCI: 1,513.60 pts (+8.68pts, +0.57%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,344.25 pts (+185.29pts, +0.79%)
⬆️ Resistance: 25400
⬇️ Support: 22900
Crude Palm Oil: RM4,245 (+RM19, +0.45%)
⬆️ Resistance: 4560
⬇️ Support: 4150
Brent Oil: $73.02 (+$0.31, +0.42%)
⬆️ Resistance: 75.10
⬇️ Support: 68.60
Gold: $3,020.09 (+$5.55, +0.18%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 26Mar25
Dow Jones: 42,587.50 pts (+4.18pts, +0.01%)
⬆️ Resistance: 43600
⬇️ Support: 40700
FBM KLCI: 1,513.60 pts (+8.68pts, +0.57%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,344.25 pts (+185.29pts, +0.79%)
⬆️ Resistance: 25400
⬇️ Support: 22900
Crude Palm Oil: RM4,245 (+RM19, +0.45%)
⬆️ Resistance: 4560
⬇️ Support: 4150
Brent Oil: $73.02 (+$0.31, +0.42%)
⬆️ Resistance: 75.10
⬇️ Support: 68.60
Gold: $3,020.09 (+$5.55, +0.18%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
Dow Jones: 42,587.50 pts (+4.18pts, +0.01%)
⬆️ Resistance: 43600
⬇️ Support: 40700
FBM KLCI: 1,513.60 pts (+8.68pts, +0.57%)
⬆️ Resistance: 1560
⬇️ Support: 1480
HSI Index: 23,344.25 pts (+185.29pts, +0.79%)
⬆️ Resistance: 25400
⬇️ Support: 22900
Crude Palm Oil: RM4,245 (+RM19, +0.45%)
⬆️ Resistance: 4560
⬇️ Support: 4150
Brent Oil: $73.02 (+$0.31, +0.42%)
⬆️ Resistance: 75.10
⬇️ Support: 68.60
Gold: $3,020.09 (+$5.55, +0.18%)
⬆️ Resistance: 3120
⬇️ Support: 2940
Source: Bloomberg, M+
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Can The Rally Hold?
The local bourse continued its upward momentum, likely supported by overnight gains on Wall Street. Although the index remained in positive territory, market breadth stayed weak as laggards outnumbered gainers. However, the telco & media sector sustained its rally for the third consecutive day, led by gains from AXIATA, MAXIS, and CDB. Most indices traded in the green, except for property, healthcare, and industrials, which remained in negative territory.
The construction sector extended its rally for the second day, with GAMUDA (Target Price: MYR 5.25) and IJM (Target Price: MYR 3.35) emerging as potential trading opportunities. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart, and Seamless.
#MiddayRecap
The local bourse continued its upward momentum, likely supported by overnight gains on Wall Street. Although the index remained in positive territory, market breadth stayed weak as laggards outnumbered gainers. However, the telco & media sector sustained its rally for the third consecutive day, led by gains from AXIATA, MAXIS, and CDB. Most indices traded in the green, except for property, healthcare, and industrials, which remained in negative territory.
The construction sector extended its rally for the second day, with GAMUDA (Target Price: MYR 5.25) and IJM (Target Price: MYR 3.35) emerging as potential trading opportunities. For the full report, stock ideas, and market flow updates, access the Discover Tab on the Maybank Trade MY app.
Trade Your Way Forward. Simple, Smart, and Seamless.
#MiddayRecap
M+ Market Wrap - 26Mar25
FBM KLCI: 1,518.05 pts (+4.45pts, +0.29%)
The FBMKLCI (+0.29%) closed higher as Telco & Media heavyweights lifted sentiment on the local front; the latter was due to Axiata securing shareholder approval for its merger with its Indonesian operations. However, market breadth was negative, with losers outpacing gainers by a ratio of 428 to 399. In the broader market, the Telco & Media sector (+2.19%) outperformed, led by gains in AXIATA (+9.0 sen) and MAXIS (+10.0 sen), while the Energy sector (-0.24%) experienced the largest decline.
Top 3 Active stocks:
CLITE (0348): RM0.230 (-2.0 sen)
RENEUCO (7130): RM0.045 (-0.5 sen)
PBBANK (1295): RM4.470 (+3.0 sen)
Volume: 3.11 bn (100-bar avg vol: 3.00 bn)
Value: RM2.47 bn (100-bar avg val: RM2.62 bn)
Market Breadth: ⬆️399⬇️428
Crude palm oil: RM4,263 (+RM18)
Dow Futures: 42,858 pts (-48 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,518.05 pts (+4.45pts, +0.29%)
The FBMKLCI (+0.29%) closed higher as Telco & Media heavyweights lifted sentiment on the local front; the latter was due to Axiata securing shareholder approval for its merger with its Indonesian operations. However, market breadth was negative, with losers outpacing gainers by a ratio of 428 to 399. In the broader market, the Telco & Media sector (+2.19%) outperformed, led by gains in AXIATA (+9.0 sen) and MAXIS (+10.0 sen), while the Energy sector (-0.24%) experienced the largest decline.
Top 3 Active stocks:
CLITE (0348): RM0.230 (-2.0 sen)
RENEUCO (7130): RM0.045 (-0.5 sen)
PBBANK (1295): RM4.470 (+3.0 sen)
Volume: 3.11 bn (100-bar avg vol: 3.00 bn)
Value: RM2.47 bn (100-bar avg val: RM2.62 bn)
Market Breadth: ⬆️399⬇️428
Crude palm oil: RM4,263 (+RM18)
Dow Futures: 42,858 pts (-48 pts)
**Source: Bloomberg, M+**
Forwarded from M+ On-The-Go
M+ Market Wrap - 26Mar25
FBM KLCI: 1,518.05 pts (+4.45pts, +0.29%)
The FBMKLCI (+0.29%) closed higher as Telco & Media heavyweights lifted sentiment on the local front; the latter was due to Axiata securing shareholder approval for its merger with its Indonesian operations. However, market breadth was negative, with losers outpacing gainers by a ratio of 428 to 399. In the broader market, the Telco & Media sector (+2.19%) outperformed, led by gains in AXIATA (+9.0 sen) and MAXIS (+10.0 sen), while the Energy sector (-0.24%) experienced the largest decline.
Top 3 Active stocks:
CLITE (0348): RM0.230 (-2.0 sen)
RENEUCO (7130): RM0.045 (-0.5 sen)
PBBANK (1295): RM4.470 (+3.0 sen)
Volume: 3.11 bn (100-bar avg vol: 3.00 bn)
Value: RM2.47 bn (100-bar avg val: RM2.62 bn)
Market Breadth: ⬆️399⬇️428
Crude palm oil: RM4,263 (+RM18)
Dow Futures: 42,858 pts (-48 pts)
**Source: Bloomberg, M+**
FBM KLCI: 1,518.05 pts (+4.45pts, +0.29%)
The FBMKLCI (+0.29%) closed higher as Telco & Media heavyweights lifted sentiment on the local front; the latter was due to Axiata securing shareholder approval for its merger with its Indonesian operations. However, market breadth was negative, with losers outpacing gainers by a ratio of 428 to 399. In the broader market, the Telco & Media sector (+2.19%) outperformed, led by gains in AXIATA (+9.0 sen) and MAXIS (+10.0 sen), while the Energy sector (-0.24%) experienced the largest decline.
Top 3 Active stocks:
CLITE (0348): RM0.230 (-2.0 sen)
RENEUCO (7130): RM0.045 (-0.5 sen)
PBBANK (1295): RM4.470 (+3.0 sen)
Volume: 3.11 bn (100-bar avg vol: 3.00 bn)
Value: RM2.47 bn (100-bar avg val: RM2.62 bn)
Market Breadth: ⬆️399⬇️428
Crude palm oil: RM4,263 (+RM18)
Dow Futures: 42,858 pts (-48 pts)
**Source: Bloomberg, M+**