Good Evening All,
We issued a company update report on our coverage stock LGMS Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
LGMS has announced the acquisition of a 27% stake in Antarex Holdings Sdn Bhd for RM22.68m, which includes a cumulative profit guarantee of RM24.5m over FY26–28. We view this acquisition positively, as it provides LGMS with an immediate foothold in Singapore and greater access to Southeast Asian markets.
We maintain our BUY rating with a higher TP of RM1.18 (previous TP: RM1.09). The TP is based on mid-FY26 EPS of 3.37 sen, pegged to a 35x P/E.
Research Team, M+
10 July 2025
We issued a company update report on our coverage stock LGMS Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
LGMS has announced the acquisition of a 27% stake in Antarex Holdings Sdn Bhd for RM22.68m, which includes a cumulative profit guarantee of RM24.5m over FY26–28. We view this acquisition positively, as it provides LGMS with an immediate foothold in Singapore and greater access to Southeast Asian markets.
We maintain our BUY rating with a higher TP of RM1.18 (previous TP: RM1.09). The TP is based on mid-FY26 EPS of 3.37 sen, pegged to a 35x P/E.
Research Team, M+
10 July 2025
M+ Morning Market Buzz - 11Jul25
Dow Jones: 44,650.64 pts (+192.34pts, +0.43%)
⬆️ Resistance: 45700
⬇️ Support: 43300
FBM KLCI: 1,536.52 pts (+7.28pts, +0.48%)
⬆️ Resistance: 1590
⬇️ Support: 1500
HSI Index: 24,028.37 pts (+136.05pts, +0.57%)
⬆️ Resistance: 24700
⬇️ Support: 23300
Crude Palm Oil: RM4,146 (-RM9, -0.22%)
⬆️ Resistance: 4280
⬇️ Support: 3960
Brent Oil: $68.64 (-$1.55, -2.21%)
⬆️ Resistance: 72.20
⬇️ Support: 65.90
Gold: $3,324.05 (-$0.04, -0.00%)
⬆️ Resistance: 3420
⬇️ Support: 3220
Source: Bloomberg, M+
Dow Jones: 44,650.64 pts (+192.34pts, +0.43%)
⬆️ Resistance: 45700
⬇️ Support: 43300
FBM KLCI: 1,536.52 pts (+7.28pts, +0.48%)
⬆️ Resistance: 1590
⬇️ Support: 1500
HSI Index: 24,028.37 pts (+136.05pts, +0.57%)
⬆️ Resistance: 24700
⬇️ Support: 23300
Crude Palm Oil: RM4,146 (-RM9, -0.22%)
⬆️ Resistance: 4280
⬇️ Support: 3960
Brent Oil: $68.64 (-$1.55, -2.21%)
⬆️ Resistance: 72.20
⬇️ Support: 65.90
Gold: $3,324.05 (-$0.04, -0.00%)
⬆️ Resistance: 3420
⬇️ Support: 3220
Source: Bloomberg, M+
M+ Global Market Update – 11Jul25
TSMC Strong Q2 Sales Boost Chip Stocks Sentiment
US: Wall Street gained momentum as chip stocks rallied on sustained AI-driven optimism, following TSMC’s strong Q2 sales and upgrades on AMD which boosted sector sentiment, while Nvidia continued its upward momentum. However, President Trump reignited trade concerns by confirming 50% tariffs on Brazilian imports and copper, effective Aug 1. In view of the better job environment, as initial jobless claims came in below expectations at 227k vs the expectation of 232k, we expect the downside risk could be limited over the near term. In the commodities market, Brent crude retreated toward USD68/bbl. The gold price was rather flat around USD3,324/oz, while the CPO price is trading at RM4,146/MT.
MY: We believe the buying support may spillover to local bourse, especially the technology sector, in view of sustained semiconductor rally. After BNM’s decision to reduce the OPR by 25bps, we believe investors may monitor the Property sector, as a lower interest rate environment may boost the property market sentiment, with ECOWLD being one of our favourites. We also favour the Utilities sector due to data centre investments across the country, TENAGA’s power grid upgrades, and RE policies like the NETR, with our top picks including MNHLDG and UUE. Lastly, A1AKK (M+ Global TP: RM0.27) will be listed on the ACE Market today.
Stocks to watch:
Utility: *GASMSIA*, *MNHLDG*, PEKAT
Technology: *ADB*, KGB, NE
Construction: CHB, *GAMUDA*, INTA
Property: *SIMEPROP*
Plantation: INNO
O&G: KEYFIELD
Finance: OSK
Source: M+ Global
TSMC Strong Q2 Sales Boost Chip Stocks Sentiment
US: Wall Street gained momentum as chip stocks rallied on sustained AI-driven optimism, following TSMC’s strong Q2 sales and upgrades on AMD which boosted sector sentiment, while Nvidia continued its upward momentum. However, President Trump reignited trade concerns by confirming 50% tariffs on Brazilian imports and copper, effective Aug 1. In view of the better job environment, as initial jobless claims came in below expectations at 227k vs the expectation of 232k, we expect the downside risk could be limited over the near term. In the commodities market, Brent crude retreated toward USD68/bbl. The gold price was rather flat around USD3,324/oz, while the CPO price is trading at RM4,146/MT.
MY: We believe the buying support may spillover to local bourse, especially the technology sector, in view of sustained semiconductor rally. After BNM’s decision to reduce the OPR by 25bps, we believe investors may monitor the Property sector, as a lower interest rate environment may boost the property market sentiment, with ECOWLD being one of our favourites. We also favour the Utilities sector due to data centre investments across the country, TENAGA’s power grid upgrades, and RE policies like the NETR, with our top picks including MNHLDG and UUE. Lastly, A1AKK (M+ Global TP: RM0.27) will be listed on the ACE Market today.
Stocks to watch:
Utility: *GASMSIA*, *MNHLDG*, PEKAT
Technology: *ADB*, KGB, NE
Construction: CHB, *GAMUDA*, INTA
Property: *SIMEPROP*
Plantation: INNO
O&G: KEYFIELD
Finance: OSK
Source: M+ Global
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TSMC Bagi Kejutan Besar! Saham Chip Naik
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.
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,
We initiated a coverage report on IGB Commercial REIT: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We derive a fair value of RM0.70 for IGBCR, based on a targeted yield of 5.5% on its mid-FY26F DPU of 3.84 sen, implying a P/E ratio of 18.2x. While this represents a premium to the average dividend yields of office REIT peers (8.3%) and broader REIT peers (6.1%), we believe it is justified, given IGBCR’s unique positioning within the established and growing Mid Valley City ecosystem.
Investment highlights include:
(i) Strategic commercial footprint within core Klang Valley hubs
(ii) High occupancy rate driven by strategic locations
(iii) Sustainable rental growth
(iv) Proactive asset enhancement initiatives to drive long-term value
(v) Potential future pipeline assets for injection by the Sponsor
(vi) Malaysia’s largest standalone office REIT.
Research Team, M+
11 July 2025
We initiated a coverage report on IGB Commercial REIT: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We derive a fair value of RM0.70 for IGBCR, based on a targeted yield of 5.5% on its mid-FY26F DPU of 3.84 sen, implying a P/E ratio of 18.2x. While this represents a premium to the average dividend yields of office REIT peers (8.3%) and broader REIT peers (6.1%), we believe it is justified, given IGBCR’s unique positioning within the established and growing Mid Valley City ecosystem.
Investment highlights include:
(i) Strategic commercial footprint within core Klang Valley hubs
(ii) High occupancy rate driven by strategic locations
(iii) Sustainable rental growth
(iv) Proactive asset enhancement initiatives to drive long-term value
(v) Potential future pipeline assets for injection by the Sponsor
(vi) Malaysia’s largest standalone office REIT.
Research Team, M+
11 July 2025
M+ Global Market Wrap - 11Jul25
FBM KLCI: 1,536.07 pts (-0.45pts, -0.03%)
The FBMKLCI (-0.03%) slipped back into the red and closed slightly lower at 1,536.07 pts, as losses in YTLPOWR (-18.0 sen) and IHH (-7.0 sen) dragged the key index. Meanwhile, Goldman Sachs downgraded Malaysian equities to underweight, citing a preference for North Asian markets such as China, Japan and Korea. Nevertheless, market breadth remained positive, with 510 gainers against 450 losers. In the broader environment, the Technology (+1.86%) sector outperformed, buoyed by spillover optimism from the rally in US chip stocks, while the Utilities (-1.02%) sector declined the most due to profit-taking activities.
Top 3 Active stocks:
ZETRIX (0138): RM1.000 (+2.0 sen)
TANCO (2429): RM0.905 (+0.5 sen)
NEXG (5216): RM0.450 (+0.5 sen)
Volume: 3.37 bn (100-bar avg vol: 3.04 bn)
Value: RM2.30 bn (100-bar avg val: RM2.43 bn)
Market Breadth: ⬆️510⬇️450
Crude palm oil: RM4,169 (+RM23)
Dow Futures: 44,661 pts (-247 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,536.07 pts (-0.45pts, -0.03%)
The FBMKLCI (-0.03%) slipped back into the red and closed slightly lower at 1,536.07 pts, as losses in YTLPOWR (-18.0 sen) and IHH (-7.0 sen) dragged the key index. Meanwhile, Goldman Sachs downgraded Malaysian equities to underweight, citing a preference for North Asian markets such as China, Japan and Korea. Nevertheless, market breadth remained positive, with 510 gainers against 450 losers. In the broader environment, the Technology (+1.86%) sector outperformed, buoyed by spillover optimism from the rally in US chip stocks, while the Utilities (-1.02%) sector declined the most due to profit-taking activities.
Top 3 Active stocks:
ZETRIX (0138): RM1.000 (+2.0 sen)
TANCO (2429): RM0.905 (+0.5 sen)
NEXG (5216): RM0.450 (+0.5 sen)
Volume: 3.37 bn (100-bar avg vol: 3.04 bn)
Value: RM2.30 bn (100-bar avg val: RM2.43 bn)
Market Breadth: ⬆️510⬇️450
Crude palm oil: RM4,169 (+RM23)
Dow Futures: 44,661 pts (-247 pts)
**Source: M+ Global, Bloomberg **
Good Evening All,
We issued a technical buy call on Estee Lauder Companies: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) The turnaround being priced in, final stages of cleaning up the mess
(ii) Exiting FY25 with balanced inventories
(iii) Regaining back its market share
Research Team, M+
11 July 2025
We issued a technical buy call on Estee Lauder Companies: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) The turnaround being priced in, final stages of cleaning up the mess
(ii) Exiting FY25 with balanced inventories
(iii) Regaining back its market share
Research Team, M+
11 July 2025
M+ Morning Market Buzz - 14Jul25
Dow Jones: 44,371.51 pts (-279.13pts, -0.63%)
⬆️ Resistance: 45700
⬇️ Support: 43300
FBM KLCI: #N/A Requesting Data... pts (-0.45pts, #N/A Requesting Data...%)
⬆️ Resistance: 1580
⬇️ Support: 1500
HSI Index: 24,139.57 pts (+111.20pts, +0.46%)
⬆️ Resistance: 25000
⬇️ Support: 23300
Crude Palm Oil: RM4,174 (+RM28, +0.68%)
⬆️ Resistance: 4320
⬇️ Support: 3960
Brent Oil: $70.36 (+$1.72, +2.51%)
⬆️ Resistance: 72.20
⬇️ Support: 65.90
Gold: $3,355.59 (+$31.54, +0.95%)
⬆️ Resistance: 3440
⬇️ Support: 3220
Source: Bloomberg, M+
Dow Jones: 44,371.51 pts (-279.13pts, -0.63%)
⬆️ Resistance: 45700
⬇️ Support: 43300
FBM KLCI: #N/A Requesting Data... pts (-0.45pts, #N/A Requesting Data...%)
⬆️ Resistance: 1580
⬇️ Support: 1500
HSI Index: 24,139.57 pts (+111.20pts, +0.46%)
⬆️ Resistance: 25000
⬇️ Support: 23300
Crude Palm Oil: RM4,174 (+RM28, +0.68%)
⬆️ Resistance: 4320
⬇️ Support: 3960
Brent Oil: $70.36 (+$1.72, +2.51%)
⬆️ Resistance: 72.20
⬇️ Support: 65.90
Gold: $3,355.59 (+$31.54, +0.95%)
⬆️ Resistance: 3440
⬇️ Support: 3220
Source: Bloomberg, M+
M+ Global Market Update – 14Jul25
Tariffs Concerns Still Persist
US: Friday’s session saw Wall Street reverse its gains after hitting new highs, as renewed US protectionist trade policies weighed on sentiment. With little progress toward de-escalation, we expect geopolitical uncertainty to persist, putting continued pressure on the USD and supporting strength in G10 currencies like the JPY. With 30% tariffs set to be imposed on the EU and Mexico starting August 1st, Wall Street futures are trading lower at the time of writing. This week, traders will be keeping track of: (i) US inflation data, (ii) retail sales, and (iii) unemployment claims. In the commodities market, Brent crude, gold, and CPO all climbed higher, closing near USD69/bbl, USD3,366/oz, and USD4,174/MT respectively.
MY: Following the negative sentiment on Wall Street amid protracted trade war concerns, the local bourse may open on a weaker note. However, BNM’s 25bps OPR cut and the prospects of further easing should cushion the downside risk on the local front, especially in property stocks, given the lower mortgage rates. We also view this as an opportune to build positions in REITs, which still offer premium dividend yields to Malaysian bonds. Meanwhile, we favour utility companies like MNHLDG and UUE as both companies may be a decent proxy for Tenaga’s CapEx rollout on power grid upgrades, RE as well as NETR policies.
Stocks to watch:
Utility: GASMSIA, *KJTS*, MALAKOF, PEKAT
Property: *ECOWLD*, *SIMEPROP*
Construction: GAMUDA, INTA
Consumer: *MFLOUR*
Technology: *WENTEL*
Gaming: GENM
Plantation: JPG
Source: M+ Global
Tariffs Concerns Still Persist
US: Friday’s session saw Wall Street reverse its gains after hitting new highs, as renewed US protectionist trade policies weighed on sentiment. With little progress toward de-escalation, we expect geopolitical uncertainty to persist, putting continued pressure on the USD and supporting strength in G10 currencies like the JPY. With 30% tariffs set to be imposed on the EU and Mexico starting August 1st, Wall Street futures are trading lower at the time of writing. This week, traders will be keeping track of: (i) US inflation data, (ii) retail sales, and (iii) unemployment claims. In the commodities market, Brent crude, gold, and CPO all climbed higher, closing near USD69/bbl, USD3,366/oz, and USD4,174/MT respectively.
MY: Following the negative sentiment on Wall Street amid protracted trade war concerns, the local bourse may open on a weaker note. However, BNM’s 25bps OPR cut and the prospects of further easing should cushion the downside risk on the local front, especially in property stocks, given the lower mortgage rates. We also view this as an opportune to build positions in REITs, which still offer premium dividend yields to Malaysian bonds. Meanwhile, we favour utility companies like MNHLDG and UUE as both companies may be a decent proxy for Tenaga’s CapEx rollout on power grid upgrades, RE as well as NETR policies.
Stocks to watch:
Utility: GASMSIA, *KJTS*, MALAKOF, PEKAT
Property: *ECOWLD*, *SIMEPROP*
Construction: GAMUDA, INTA
Consumer: *MFLOUR*
Technology: *WENTEL*
Gaming: GENM
Plantation: JPG
Source: M+ Global
M+ Morning Market Buzz - 14Jul25
Dow Jones: 44,371.51 pts (-279.13pts, -0.63%)
⬆️ Resistance: 45700
⬇️ Support: 43300
FBM KLCI: 1,536.07 pts (-0.45pts, -0.03%)
⬆️ Resistance: 1580
⬇️ Support: 1500
HSI Index: 24,139.57 pts (+111.20pts, +0.46%)
⬆️ Resistance: 25000
⬇️ Support: 23300
Crude Palm Oil: RM4,174 (+RM28, +0.68%)
⬆️ Resistance: 4320
⬇️ Support: 3960
Brent Oil: $70.36 (+$0.09, +0.13%)
⬆️ Resistance: 72.20
⬇️ Support: 65.90
Gold: $3,355.59 (+$13.24, +0.39%)
⬆️ Resistance: 3440
⬇️ Support: 3220
Source: Bloomberg, M+
Dow Jones: 44,371.51 pts (-279.13pts, -0.63%)
⬆️ Resistance: 45700
⬇️ Support: 43300
FBM KLCI: 1,536.07 pts (-0.45pts, -0.03%)
⬆️ Resistance: 1580
⬇️ Support: 1500
HSI Index: 24,139.57 pts (+111.20pts, +0.46%)
⬆️ Resistance: 25000
⬇️ Support: 23300
Crude Palm Oil: RM4,174 (+RM28, +0.68%)
⬆️ Resistance: 4320
⬇️ Support: 3960
Brent Oil: $70.36 (+$0.09, +0.13%)
⬆️ Resistance: 72.20
⬇️ Support: 65.90
Gold: $3,355.59 (+$13.24, +0.39%)
⬆️ Resistance: 3440
⬇️ Support: 3220
Source: Bloomberg, M+
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Tarif Trump Pada Mexico, EU dan Peluang Saham Property Malaysia
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.
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.
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Sideways and Sensitive
The FBM KLCI traded sideways, reflecting cautious investor sentiment and further weighed down by PCHEM and YTL. Bearish sentiment remained in control, with most risk-off sectors stayed in the red. The energy sector extended its rally for the fourth day, while healthcare rebounded after two days of losses. Gold extended gains, driven by safe-haven demand after Trump’s 30% tariff threat on EU and Mexican imports. Key US data to watch this week: CPI on 15 July and PPI on 16 July, both at 8:30 PM.
For those looking to trade amid weakness, our technical analysis highlights UWC (Estimated Resistance: MYR 2.55) and FEYTECH (Estimated Resistance: MYR 0.445) as potential opportunities. Amid ongoing volatility, adhere to the stop-loss levels set by our analysts. 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 Seamlessly
#Middayrecap
The FBM KLCI traded sideways, reflecting cautious investor sentiment and further weighed down by PCHEM and YTL. Bearish sentiment remained in control, with most risk-off sectors stayed in the red. The energy sector extended its rally for the fourth day, while healthcare rebounded after two days of losses. Gold extended gains, driven by safe-haven demand after Trump’s 30% tariff threat on EU and Mexican imports. Key US data to watch this week: CPI on 15 July and PPI on 16 July, both at 8:30 PM.
For those looking to trade amid weakness, our technical analysis highlights UWC (Estimated Resistance: MYR 2.55) and FEYTECH (Estimated Resistance: MYR 0.445) as potential opportunities. Amid ongoing volatility, adhere to the stop-loss levels set by our analysts. 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 Seamlessly
#Middayrecap
Malaysia to subject high-performance US AI chips to export control effective immediately
https://theedgemalaysia.com/node/762445
https://theedgemalaysia.com/node/762445
The Edge Malaysia
Malaysia to subject high-performance US AI chips to export control, effective immediately
Malaysia will immediately subject all exports, transhipments and transits of high-performance artificial intelligence chips of US origin to a strategic trade permit.
M+ Global Market Wrap - 14Jul25
FBM KLCI: 1,537.51 pts (+1.44pts, +0.09%)
Bucking Wall Street’s negative lead, with new blanket tariffs on the table, Bursa’s key index still managed to eke out marginal gains, as buying interest was seen across Banking heavyweights. However, market breadth was negative, with losers outpacing gainers at 514-to-432 stocks. On the broader market, Energy (+1.32%) outperformed, with DIALOG (+3.0 sen) and DAYANG (+6.0 sen) leading the pack while Utilities (-0.29%) declined the most.
Top 3 Active stocks:
"
NEXG (5216): RM0.470 (+2.0 sen)"
ZETRIX (0138): RM0.985 (-1.5 sen)
TANCO (2429): RM0.905 (unch)
Volume: 2.93 bn (100-bar avg vol: 3.04 bn)
Value: RM1.67 bn (100-bar avg val: RM2.43 bn)
Market Breadth: ⬆️432⬇️514
Crude palm oil: RM4,229 (+RM55)
Dow Futures: 44,438 pts (-161 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,537.51 pts (+1.44pts, +0.09%)
Bucking Wall Street’s negative lead, with new blanket tariffs on the table, Bursa’s key index still managed to eke out marginal gains, as buying interest was seen across Banking heavyweights. However, market breadth was negative, with losers outpacing gainers at 514-to-432 stocks. On the broader market, Energy (+1.32%) outperformed, with DIALOG (+3.0 sen) and DAYANG (+6.0 sen) leading the pack while Utilities (-0.29%) declined the most.
Top 3 Active stocks:
"
NEXG (5216): RM0.470 (+2.0 sen)"
ZETRIX (0138): RM0.985 (-1.5 sen)
TANCO (2429): RM0.905 (unch)
Volume: 2.93 bn (100-bar avg vol: 3.04 bn)
Value: RM1.67 bn (100-bar avg val: RM2.43 bn)
Market Breadth: ⬆️432⬇️514
Crude palm oil: RM4,229 (+RM55)
Dow Futures: 44,438 pts (-161 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 15Jul25
Dow Jones: 44,459.65 pts (+88.14pts, +0.20%)
⬆️ Resistance: 45700
⬇️ Support: 43400
FBM KLCI: 1,537.51 pts (+1.44pts, +0.09%)
⬆️ Resistance: 1580
⬇️ Support: 1500
HSI Index: 24,203.32 pts (+63.75pts, +0.26%)
⬆️ Resistance: 25000
⬇️ Support: 23400
Crude Palm Oil: RM4,230 (-RM2, -0.05%)
⬆️ Resistance: 4330
⬇️ Support: 3980
Brent Oil: $69.21 (-$1.15, -1.63%)
⬆️ Resistance: 73.00
⬇️ Support: 67.20
Gold: $3,343.51 (-$1.45, -0.04%)
⬆️ Resistance: 3450
⬇️ Support: 3220
Source: Bloomberg, M+
Dow Jones: 44,459.65 pts (+88.14pts, +0.20%)
⬆️ Resistance: 45700
⬇️ Support: 43400
FBM KLCI: 1,537.51 pts (+1.44pts, +0.09%)
⬆️ Resistance: 1580
⬇️ Support: 1500
HSI Index: 24,203.32 pts (+63.75pts, +0.26%)
⬆️ Resistance: 25000
⬇️ Support: 23400
Crude Palm Oil: RM4,230 (-RM2, -0.05%)
⬆️ Resistance: 4330
⬇️ Support: 3980
Brent Oil: $69.21 (-$1.15, -1.63%)
⬆️ Resistance: 73.00
⬇️ Support: 67.20
Gold: $3,343.51 (-$1.45, -0.04%)
⬆️ Resistance: 3450
⬇️ Support: 3220
Source: Bloomberg, M+
M+ Global Market Update – 15Jul25
Sentiment Stayed Resilient Despite Tariff Fears
US: Monday’s session saw buying interest in both Wall Street and US Treasuries, despite the recent announcement of blanket tariffs. Although there has been little progress towards de-escalating the trade wars, we believe sentiment may remain positive amid a recovery in dollar index. In terms of stock picks, we favour Estée Lauder Companies (EL) for its strong CapEx in redefining its market presence, while its China market continues to show good progress toward recovery. This week, key economic releases to watch include (i) US inflation data, (ii) retail sales, and (iii) unemployment claims. On the commodities side, both Brent crude and gold retreated to USD68/bbl and USD3,344/oz, while CPO edged higher to RM4,288/MT.
MY: Taking the lead from Wall Street overnight, the local bourse is expected to open on a firmer footing. Despite the ongoing trade war with uncertain US trade policies, we believe it may drive tighter inspection protocols and regulatory compliance, leading to greater demand for security screening machines, we view WENTEL as a proxy to ride this trend. Meanwhile, for a defensive pick, we believe 99SMART will benefit from downtrading as inflationary pressure picks up, coupled with the increase in EPF’s stakes. Also, the long-term outlook for the solar industry remains favourable, supported by the NETR and the recent electricity tariff hike.
Stocks to watch:
Technology: *AGMO*, *EG*, VITROX, *WENTEL*
Consumer: *99SMART*
Solar: *PEKAT*
Property: ECOWLD
Telco: TM
O&G: DAYANG
Plantation: JPG
Source: M+ Global
Sentiment Stayed Resilient Despite Tariff Fears
US: Monday’s session saw buying interest in both Wall Street and US Treasuries, despite the recent announcement of blanket tariffs. Although there has been little progress towards de-escalating the trade wars, we believe sentiment may remain positive amid a recovery in dollar index. In terms of stock picks, we favour Estée Lauder Companies (EL) for its strong CapEx in redefining its market presence, while its China market continues to show good progress toward recovery. This week, key economic releases to watch include (i) US inflation data, (ii) retail sales, and (iii) unemployment claims. On the commodities side, both Brent crude and gold retreated to USD68/bbl and USD3,344/oz, while CPO edged higher to RM4,288/MT.
MY: Taking the lead from Wall Street overnight, the local bourse is expected to open on a firmer footing. Despite the ongoing trade war with uncertain US trade policies, we believe it may drive tighter inspection protocols and regulatory compliance, leading to greater demand for security screening machines, we view WENTEL as a proxy to ride this trend. Meanwhile, for a defensive pick, we believe 99SMART will benefit from downtrading as inflationary pressure picks up, coupled with the increase in EPF’s stakes. Also, the long-term outlook for the solar industry remains favourable, supported by the NETR and the recent electricity tariff hike.
Stocks to watch:
Technology: *AGMO*, *EG*, VITROX, *WENTEL*
Consumer: *99SMART*
Solar: *PEKAT*
Property: ECOWLD
Telco: TM
O&G: DAYANG
Plantation: JPG
Source: M+ Global
Good Morning All,
We issued a technical buy call on Wentel Engineering Holdings Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Another tariffs up the sleeve
(ii) To unlock more demand for security screening segment
(iii) Strong backlog order growth
Research Team, M+
15 Julty 2025
We issued a technical buy call on Wentel Engineering Holdings Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Another tariffs up the sleeve
(ii) To unlock more demand for security screening segment
(iii) Strong backlog order growth
Research Team, M+
15 Julty 2025
Good Morning All,
We issued a technical buy call on Agmo Holdings Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Record high revenue and profit
(ii) AI opportunities through DTaaS and Microsoft partner
(iii) Benefitting from e-Invoicing
Research Team, M+
15 July 2025
We issued a technical buy call on Agmo Holdings Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Record high revenue and profit
(ii) AI opportunities through DTaaS and Microsoft partner
(iii) Benefitting from e-Invoicing
Research Team, M+
15 July 2025
MACC raids NationGate unit over suspected scrap metal smuggling | https://www.klsescreener.com/v2/news/view/1556017
KLSE Screener
MACC raids NationGate unit over alleged scrap metal smuggling, stock plunges
NationGate Holdings Bhd (KL:NATGATE) said on Tuesday that the Malaysian Anti-Corruption Commission (MACC) had raided the premises of its wholly owned subsidiary, NationGate Solution (M) Sdn Bhd, as part of an ongoing investigation into alleged scrap metal…