Good Evening All,

We issued a technical buy call on Brinker International Inc: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)

Trading catalysts include:
(i) Promotions and campaigns drive stronger traffic
(ii) Soaring performance
(iii) Upgrade in FY25 guidance

Research Team, M+
23 Apr 2025

M+ Market Update – 24Apr25
The Market May Extend Its Rebound

US: Wall Street continued to trade higher as President Trump toned down his pressure on Fed Chair Jerome Powell, while Treasury Secretary Scott Bessent commented that “there is an opportunity for a big deal here” regarding US-China trade relations. We believe the market may be pricing in a potential de-escalation of the trade war, which could present further upside opportunities for US equities. Also, we see trading opportunities within Brinker International (EAT), following the channel breakout pattern, supported by steady forward guidance. In the commodities market, both Brent oil and Gold retreated towards USD66/bbl and USD3,310/oz, respectively, while CPO prices charged towards RM4,024/MT.

MY: The local bourse is set to open higher, tracking Wall Street performance. Investors will likely be watching for developments as Tengku Zafrul and his team arrived in the US to push for a review of tariffs on Malaysian imports. With the US easing its stance on China, a rebound may be in store for beaten-down sectors such as Technology. For defensive plays, investors may look into Healthcare, including KPJ, which stands to benefit from brownfield expansion and increased bed capacity this year, while glove stocks appear undervalued, as rising demand and significant tariffs differential between Malaysia and China would support margin expansion.

Stocks to watch:

Utility: *GASMSIA*, *KJTS*, *MNHLDG*, SCGBHD
Consumer: *KOPI*, TEOSENG
O&G: DAYANG, HIBISCS
Healthcare: *KPJ*
Financial: CIMB

Source: M+

M+ Morning Market Buzz - 24Apr25

Dow Jones: 39,606.57 pts (+419.59pts, +1.07%)
⬆ Resistance: 41200
⬇ Support: 37100

FBM KLCI: 1,501.19 pts (+14.94pts, +1.01%)
⬆ Resistance: 1540
⬇ Support: 1450

HSI Index: 22,072.62 pts (+510.30pts, +2.37%)
⬆ Resistance: 22600
⬇ Support: 20700

Crude Palm Oil: RM4,037 (-RM13, -0.32%)
⬆ Resistance: 4160
⬇ Support: 3790

Brent Oil: $66.12 (-$0.14, -0.21%)
⬆ Resistance: 70.10
⬇ Support: 64.00

Gold: $3,288.34 (+$35.36, +1.08%)
⬆ Resistance: 3580
⬇ Support: 3200

Source: Bloomberg, M+

Good Morning All,

We issued a technical buy call on Binastra Corporation Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)

Trading catalysts include:
(i) Diversified jobs in the pipeline
(ii) Robust order book
(iii) Trading at a cheap valuation relatively to its peers.

Research Team, M+
24 Apr 2025

Jom Masuk dan lihat Pasaran Bursa Saham.

24-April-2025

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M+ Market Wrap - 24Apr25

FBM KLCI: 1,506.52 pts (+5.33pts, +0.36%)
Thursday’s session saw the local bourse continue to trade in positive territory, as uncertainties surrounding Trump’s perfectionist trade policies were expected to ease. Banking stocks like CIMB helped lift market sentiment, despite a conservative tone in its quarterly outlook. Market breadth was neutral, with the gainers-to-losers ratio standing at 1-to-1 ratio. Buying interest in construction giants like Gamuda and IJM spurred buying interest in the sector, while the Plantation sector declined the most.

Top 3 Active stocks:
BPURI (5932): RM0.375 (+3.0 sen)
SFPTECH (0251): RM0.210 (+0.5 sen)
POS (4634): RM0.290 (+5.5 sen)

Volume: 3.08 bn (100-bar avg vol: 3.01 bn)
Value: RM2.14 bn (100-bar avg val: RM2.59 bn)
Market Breadth: ⬆️463⬇️426
Crude palm oil: RM4,034 (-RM3)
Dow Futures: 39,493 pts (-282 pts)

**Source: Bloomberg, M+**

Jom masuk kelas malam ni untuk topic trader.😊

M+ Market Update – 25Apr25
Easing Trade Tension Boost Sentiment

US: Wall Street extended its gains, supported by President Trump's less confrontational stance toward Beijing, along with supportive remarks from Scott Bessent. We believe the market may be pricing in the recent developments around trade tensions, potentially positioning equities for further upside in the near term. Also, the ongoing earnings season will remain a key focus, especially after Alphabet reported stronger-than-expected earnings results post market. On the macro front, unemployment claims came in at 222k, in line with economists’ estimates. In the commodities market, both Brent Crude and Gold hovered around USD65/bbl and USD3,366 respectively, while CPO prices edged higher at RM4,059/MT.

MY: With the Bursa Finance Index up +8% from its 9 April low, we see accumulation opportunities in Alliance Bank and AmBank, which have lagged behind their peers despite offering healthy dividend payouts. Meanwhile, we view the acquisition of LF Lansen Sdn Bhd as a strategic move for Binastra to expand its RE-EPCC pipeline, supported by a robust orderbook and attractive valuations, relative to peers. Lastly, with the potential ongoing de-escalation of US-China trade tensions, we believe trading interest may return to the Technology sector, which was heavily sold down earlier this month.

Stocks to watch:

O&G: *KEYFIELD*, *UZMA*
Financial: *CIMB*, RHBBANK
Consumer: *DXN*, QL
Utility: MNHLDG
Healthcare: *KPJ*
REIT: SUNREIT
Telco: TM

Source: M+

M+ Morning Market Buzz - 25Apr25

Dow Jones: 40,093.40 pts (+486.83pts, +1.23%)
⬆️ Resistance: 41200
⬇️ Support: 37100

FBM KLCI: 1,506.52 pts (+5.33pts, +0.36%)
⬆️ Resistance: 1540
⬇️ Support: 1460

HSI Index: 21,909.76 pts (-162.86pts, -0.74%)
⬆️ Resistance: 22600
⬇️ Support: 20800

Crude Palm Oil: RM4,036 (+RM23, +0.57%)
⬆️ Resistance: 4150
⬇️ Support: 3790

Brent Oil: $66.55 (+$0.43, +0.65%)
⬆️ Resistance: 70.10
⬇️ Support: 64.00

Gold: $3,349.43 (+$2.84, +0.36%)
⬆️ Resistance: 3580
⬇️ Support: 3200

Source: Bloomberg, M+

25-April-2025

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SAHAM NAIK! 🚀 Ketegangan AS-China Reda.

Disclaimer: Maklumat dalam video ini adalah untuk tujuan pendidikan dan maklumat sahaja dan tidak boleh dianggap sebagai nasihat pelaburan. Sebarang keputusan pelaburan adalah tanggungjawab anda sendiri. Sila lakukan kajian dan dapatkan nasihat daripada pakar kewangan yang bertauliah sebelum membuat sebarang keputusan. Pihak kami tidak bertanggungjawab atas sebarang kerugian atau keuntungan yang timbul daripada penggunaan maklumat dalam video ini.

M+ Market Wrap - 25Apr25

FBM KLCI: 1,509.20 pts (+2.68pts, +0.18%)
Friday’s session saw the local bourse extend its gains, amid easing uncertainties surrounding the US-China trade war following less confrontational stance from President Trump. Industrial Products & Services stocks such as PCHEM lifted the market sentiment. Market breadth was positive, with gainers outpacing losers by 651-to-325 stocks. On the broader market, the Technology sector led gains after heavy selling in early April, while Financial stocks traded marginally lower by 0.03%.

Top 3 Active stocks:
BPURI (5932): RM0.265 (-11.0 sen)
RTECH (0342): RM0.275 (+3.0 sen)
"
MYEG (0138): RM0.905 (+1.0 sen)"

Volume: 3.10 bn (100-bar avg vol: 3.02 bn)
Value: RM1.95 bn (100-bar avg val: RM2.56 bn)
Market Breadth: ⬆️651⬇️325
Crude palm oil: RM4,056 (+RM20)
Dow Futures: 40,280 pts (+18 pts)

**Source: Bloomberg, M+**

M+ Morning Market Buzz - 28Apr25

Dow Jones: 40,113.50 pts (+20.10pts, +0.05%)
⬆️ Resistance: 41200
⬇️ Support: 37100

FBM KLCI: 1,509.20 pts (+2.68pts, +0.18%)
⬆️ Resistance: 1550
⬇️ Support: 1460

HSI Index: 21,980.74 pts (+70.98pts, +0.32%)
⬆️ Resistance: 22800
⬇️ Support: 20800

Crude Palm Oil: RM4,057 (+RM21, +0.52%)
⬆️ Resistance: 4240
⬇️ Support: 3790

Brent Oil: $66.87 (+$0.32, +0.48%)
⬆️ Resistance: 70.10
⬇️ Support: 64.00

Gold: $3,319.72 (-$29.71, -0.89%)
⬆️ Resistance: 3580
⬇️ Support: 3200

Source: Bloomberg, M+

M+ Market Update – 28Apr25
Positive Rebound To Sustain

US: Wall Street closed the week on a strong note, buoyed by signs of potential de-escalation of trade war, following a non-formal public announcement, indicating that Beijing could be looking to exempt certain US imports from the 125% retaliatory tariffs, coupled with upbeat earnings from Wall Street. We believe the market will price in the recent development in the trade war, which could provide upside for US equities. Traders will monitor JOLTS, GDP growth, and NFP data this week. In the commodities market, Brent Crude and Gold hovered around USD 65-66/bbl and USD 3,319-3,366, respectively, while CPO prices remained stable at RM 4,057/MT.

MY: As the FBM KLCI reclaimed the 1,500 psychological level last Friday, we expect buying support to sustain in the near term. Meanwhile, given the rising cyber threats recently, we believe this may provide a strong catalyst for stocks with cybersecurity capabilities and they are less likely to be involved in the trade tariff regime; we like companies such as LGMS and Cloudpoint. Besides, we see trading opportunities in BNASTRA, given its recent short-term breakout following the acquisition of LF Lansen, which expands its RE-EPCC business segment. For defensive investors, they may focus on the utilities segment and stocks like KJTS, MNHLDG and SCGBHD.

Stocks to watch:

Utility: *KJTS*, *MNHLDG*, PEKAT, *SCGBHD*
O&G: DAYANG, *PGLOBAL*
Construction: BNASTRA, INTA
Technology: *CLOUDPT*
REIT: SUNREIT

Source: M+

Saham US Positif! KLCI Cecah 1,500 & Saham Keselamatan Siber Yang Perlu Dipantau

Disclaimer: Maklumat dalam video ini adalah untuk tujuan pendidikan dan maklumat sahaja dan tidak boleh dianggap sebagai nasihat pelaburan. Sebarang keputusan pelaburan adalah tanggungjawab anda sendiri. Sila lakukan kajian dan dapatkan nasihat daripada pakar kewangan yang bertauliah sebelum membuat sebarang keputusan. Pihak kami tidak bertanggungjawab atas sebarang kerugian atau keuntungan yang timbul daripada penggunaan maklumat dalam video ini.

Good Morning All,

Here’s our IPO note on PEOPLElogy Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)

We ascribe a fair value of RM0.325 for PEOPLE. Our valuation is derived by applying a forward P/E of 19.0x to the mid-FY26f EPS of 1.71 sen, implying a 30.0% upside to its IPO price of RM0.25. While peers trade at 15.6x, PEOPLElogy's premium is justified by its superior 20.8% net margin (vs. peers' -5.7%), reflecting stronger profitability and operational efficiency.

Investment highlights include:
(i) Positive trend in both private and public training, with earnings set to grow at 11.8%;
(ii) Government initiatives aimed at further driving the sector's growth;
(iii) Sustained margins supported by a low CapEx/OpEx business model.

Please let me know if you have any questions. Have a nice day!
Research Team, M+
28 Apr25

M+ Market Wrap - 28Apr25

FBM KLCI: 1,521.59 pts (+12.39pts, +0.82%)
With the rising expectation towards the potential de-escalation of the trade war, following the less confrontational stance from President Trump towards China, it has lifted the overall sentiment on the local front after reclaiming the 1,500 psychological leve last Friday. The rebound extended today, continuing to lift the local bourse by nearly +3% from its low on 22 April. Market breadth was positive, with winners outpacing losers by 519-to-420 stocks. Glove stocks led the gains in the Health Care sector as Malaysia’s recent ban on the export of non-locally made rubber gloves is expected to benefit local glove manufacturers, while Plantation stocks traded marginally lower.

Top 3 Active stocks:
MYEG (0138): RM0.910 (+0.5 sen)
SNS (0259): RM0.460 (+2.5 sen)
TANCO (2429): RM0.880 (+2.0 sen)

Volume: 2.62 bn (100-bar avg vol: 3.01 bn)
Value: RM1.74 bn (100-bar avg val: RM2.55 bn)
Market Breadth: ⬆️519⬇️420
Crude palm oil: RM3,964 (-RM93)
Dow Futures: 40,214 pts (-40 pts)

**Source: Bloomberg, M+**