Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 12Sep25
Dow Jones: 46,108.00 pts (+617.08pts, +1.36%)
⬆️ Resistance: 47100
⬇️ Support: 44400
FBM KLCI: 1,582.85 pts (-7.90pts, -0.50%)
⬆️ Resistance: 1630
⬇️ Support: 1550
HSI Index: 26,086.32 pts (-113.94pts, -0.43%)
⬆️ Resistance: 26900
⬇️ Support: 24600
Crude Palm Oil: RM4,454 (+RM12, +0.27%)
⬆️ Resistance: 4600
⬇️ Support: 4300
Brent Oil: $66.37 (-$1.12, -1.66%)
⬆️ Resistance: 69.20
⬇️ Support: 63.80
Gold: $3,634.07 (+$1.29, +0.04%)
⬆️ Resistance: 3750
⬇️ Support: 3470
Source: Bloomberg, M+ Global
Dow Jones: 46,108.00 pts (+617.08pts, +1.36%)
⬆️ Resistance: 47100
⬇️ Support: 44400
FBM KLCI: 1,582.85 pts (-7.90pts, -0.50%)
⬆️ Resistance: 1630
⬇️ Support: 1550
HSI Index: 26,086.32 pts (-113.94pts, -0.43%)
⬆️ Resistance: 26900
⬇️ Support: 24600
Crude Palm Oil: RM4,454 (+RM12, +0.27%)
⬆️ Resistance: 4600
⬇️ Support: 4300
Brent Oil: $66.37 (-$1.12, -1.66%)
⬆️ Resistance: 69.20
⬇️ Support: 63.80
Gold: $3,634.07 (+$1.29, +0.04%)
⬆️ Resistance: 3750
⬇️ Support: 3470
Source: Bloomberg, M+ Global
Forwarded from M+ On-The-Go
M+ Global Market Update – 12Sep25
FOMC Meeting In Focus
US: Recent data indicates that the new 2025 tariffs are being passed through to consumer prices, especially for core goods, adding about ~$88bn in revenues. This is reflected in the latest US CPI data, which is fuelling anticipation of a rate cut next week and driving Wall Street to new highs. Also, odds of a larger half-point reduction have risen in recent days, especially after preliminary benchmark revisions showed US job growth slowing. Moreover, we believe AI Chips player like NVIDIA and AMD should be a direct proxy for growing AI Chip spending, with Oracle recently guiding another CapEx spending; reflecting that AI demand remains strong. Hence, the market could sustain its momentum in the near term.
MY: With Wall Street’s positive performance overnight, we believe Malaysia’s key index will continue its recovery after a slight pullback yesterday. With tech giants reporting healthy spending on AI chips, we believe buying support may spillover to local technology players as Technology sub-indices experienced a flag breakout. In view of a rate cut and a weaker Dollar outlook, the price of gold should remain elevated, benefitting WELLCHIP and EMCC. Lastly, with healthy project pipelines, a solid order book, and recent contract wins of relatively higher value, we deem CBHB to be trading at undemanding valuation levels.
Stocks to watch:
Technology: *3REN*, *CORAZA*, *EDELTEQ*, EG
Consumer: FFB
Construction: GDB, *KIMLUN*
Utility: MALAKOF, *MNHLDG*
Source: M+ Global
FOMC Meeting In Focus
US: Recent data indicates that the new 2025 tariffs are being passed through to consumer prices, especially for core goods, adding about ~$88bn in revenues. This is reflected in the latest US CPI data, which is fuelling anticipation of a rate cut next week and driving Wall Street to new highs. Also, odds of a larger half-point reduction have risen in recent days, especially after preliminary benchmark revisions showed US job growth slowing. Moreover, we believe AI Chips player like NVIDIA and AMD should be a direct proxy for growing AI Chip spending, with Oracle recently guiding another CapEx spending; reflecting that AI demand remains strong. Hence, the market could sustain its momentum in the near term.
MY: With Wall Street’s positive performance overnight, we believe Malaysia’s key index will continue its recovery after a slight pullback yesterday. With tech giants reporting healthy spending on AI chips, we believe buying support may spillover to local technology players as Technology sub-indices experienced a flag breakout. In view of a rate cut and a weaker Dollar outlook, the price of gold should remain elevated, benefitting WELLCHIP and EMCC. Lastly, with healthy project pipelines, a solid order book, and recent contract wins of relatively higher value, we deem CBHB to be trading at undemanding valuation levels.
Stocks to watch:
Technology: *3REN*, *CORAZA*, *EDELTEQ*, EG
Consumer: FFB
Construction: GDB, *KIMLUN*
Utility: MALAKOF, *MNHLDG*
Source: M+ Global
Forwarded from M+ On-The-Go
Good Morning All,
We issued a technical buy call on MN Holdings Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Earnings well-above consensus estimates,
(ii) Earnings visibility remains strong,
(iii) Plenty of projects in the pipeline
Research Team, M+
12 September 2025
We issued a technical buy call on MN Holdings Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Earnings well-above consensus estimates,
(ii) Earnings visibility remains strong,
(iii) Plenty of projects in the pipeline
Research Team, M+
12 September 2025
Forwarded from Trade With Maybank
Bursa Malaysia Midday Recap: Fed Bet Cuts Intact
The FBM KLCI turned green after last night’s US CPI inflation reading that came in within consensus expectations and the weaker-than-expected weekly jobless claims data. The buying extended to the broad market with majority of the sectors in the green. Utilities continued to push higher with blue chips leading, meanwhile, tech extended its rally with semicon names in front. Post-long weekend break, look out for the US Fed interest rate decision on 18 Sep, 2:00 am.
Investors looking to trade the continued momentum within the tech space may want to consider DUFU (Estimated Resistance: MYR 1.28; Stop Loss: MYR1.05) as a potential trade idea. The stock just completed its inverse head and shoulders pattern with strong volume yesterday, signaling that the broader downtrend may have subsided. For details on the trade set up, check out today’s Traders’ Almanac video.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
The FBM KLCI turned green after last night’s US CPI inflation reading that came in within consensus expectations and the weaker-than-expected weekly jobless claims data. The buying extended to the broad market with majority of the sectors in the green. Utilities continued to push higher with blue chips leading, meanwhile, tech extended its rally with semicon names in front. Post-long weekend break, look out for the US Fed interest rate decision on 18 Sep, 2:00 am.
Investors looking to trade the continued momentum within the tech space may want to consider DUFU (Estimated Resistance: MYR 1.28; Stop Loss: MYR1.05) as a potential trade idea. The stock just completed its inverse head and shoulders pattern with strong volume yesterday, signaling that the broader downtrend may have subsided. For details on the trade set up, check out today’s Traders’ Almanac video.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
Forwarded from Trade With Maybank
Malaysian Developers on a Roll
Gamuda (GAMUDA), through its Singapore unit and joint partners Evia MCS Pte Ltd and H108 Pte Ltd, has emerged as the highest bidder for a 7.28-acre leasehold land in Chencharu Close, Singapore, with an offer of SGD1.01 billion (MYR3.33 billion).
The site is slated for a mixed commercial and residential development, according to Singapore’s Housing and Development Board, which announced the tender results on 11 Sep’25.
This marks the second successful Malaysian-led bid in Singapore this week, following Sunway (SUNWAY) and its partner winning a residential site in Chuan Grove for SD623.91 million (MYR2.05 billion).
Bullish investors over GAMUDA or SUNWAY given its win in Singapore may consider GAMUDA-C3R or SUNWAY-C45 with 2.6 and 2.5 ticks respectively.
#DailyHighlights
Gamuda (GAMUDA), through its Singapore unit and joint partners Evia MCS Pte Ltd and H108 Pte Ltd, has emerged as the highest bidder for a 7.28-acre leasehold land in Chencharu Close, Singapore, with an offer of SGD1.01 billion (MYR3.33 billion).
The site is slated for a mixed commercial and residential development, according to Singapore’s Housing and Development Board, which announced the tender results on 11 Sep’25.
This marks the second successful Malaysian-led bid in Singapore this week, following Sunway (SUNWAY) and its partner winning a residential site in Chuan Grove for SD623.91 million (MYR2.05 billion).
Bullish investors over GAMUDA or SUNWAY given its win in Singapore may consider GAMUDA-C3R or SUNWAY-C45 with 2.6 and 2.5 ticks respectively.
#DailyHighlights
Forwarded from M+ On-The-Go
M+ Morning Market Buzz - 17Sep25
Dow Jones: 45,757.90 pts (-125.55pts, -0.27%)
⬆️ Resistance: 47100
⬇️ Support: 44500
FBM KLCI: 1,600.13 pts (+17.28pts, +1.09%)
⬆️ Resistance: 1640
⬇️ Support: 1550
HSI Index: 26,438.51 pts (-8.05pts, -0.03%)
⬆️ Resistance: 27200
⬇️ Support: 25400
Crude Palm Oil: RM4,470 (-RM11, -0.25%)
⬆️ Resistance: 4580
⬇️ Support: 4300
Brent Oil: $68.47 (+$1.03, +1.53%)
⬆️ Resistance: 70.10
⬇️ Support: 64.40
Gold: $3,689.98 (+$4.83, +0.12%)
⬆️ Resistance: 3780
⬇️ Support: 3550
Source: Bloomberg, M+ Global
Dow Jones: 45,757.90 pts (-125.55pts, -0.27%)
⬆️ Resistance: 47100
⬇️ Support: 44500
FBM KLCI: 1,600.13 pts (+17.28pts, +1.09%)
⬆️ Resistance: 1640
⬇️ Support: 1550
HSI Index: 26,438.51 pts (-8.05pts, -0.03%)
⬆️ Resistance: 27200
⬇️ Support: 25400
Crude Palm Oil: RM4,470 (-RM11, -0.25%)
⬆️ Resistance: 4580
⬇️ Support: 4300
Brent Oil: $68.47 (+$1.03, +1.53%)
⬆️ Resistance: 70.10
⬇️ Support: 64.40
Gold: $3,689.98 (+$4.83, +0.12%)
⬆️ Resistance: 3780
⬇️ Support: 3550
Source: Bloomberg, M+ Global
Forwarded from M+ On-The-Go
M+ Global Market Update – 17Sep25
Higher Volatility Expected Ahead of FOMC Meeting
US: Wall Street slipped on Tuesday ahead of the Fed’s widely expected 25bps rate cut, due to profit-taking activities after a long stretch of rally. August retail sales rose 0.6% MoM, beating estimates of 0.2% and signalling resilient consumer spending, although focus remains largely on labour market softness. Meanwhile, optimism over US-China trade talks and progress on a TikTok ownership deal will help support sentiment. Hence, we expect Wall Street on a positive note ahead of the FOMC meeting, which would benefit sectors like REITs and consumer discretionary.
MY: Despite the negative overnight performance in the US, we anticipate the local bourse to kickstart the week positively ahead of the highly anticipated FOMC meeting. Meanwhile, KLK has launched its KLK TechPark, a 1,500-acre integrated industrial hub in Tanjong Malim, anchored by Chinese EV giant BYD’s 150-acre facility in Phase 1. The project has an estimated GDV of RM3.5bn over the next decade, and will be developed in phases from 2025–2035. We view this positively as it (i) diversifies KLK’s earnings beyond plantations and (ii) positions the group to benefit from Malaysia’s EV and high-tech supply chain ambitions. KLK has a consensus TP of RM21.47, implying an upside potential of 7.6%. Lastly, traders can look into SKBSHUT, which is pending a breakout trading opportunity.
Stocks to watch:
Construction: *HEGROUP*, PESONA, *SKBSHUT*
Financial: *BURSA*, *MNRB*
Plantation: INNO, UTDPLT
Property: *ECOWLD*
Technology: *SNS*
Consumer: *GENM*
Utility: MALAKOF
Telco: MAXIS
Source: M+ Global
Higher Volatility Expected Ahead of FOMC Meeting
US: Wall Street slipped on Tuesday ahead of the Fed’s widely expected 25bps rate cut, due to profit-taking activities after a long stretch of rally. August retail sales rose 0.6% MoM, beating estimates of 0.2% and signalling resilient consumer spending, although focus remains largely on labour market softness. Meanwhile, optimism over US-China trade talks and progress on a TikTok ownership deal will help support sentiment. Hence, we expect Wall Street on a positive note ahead of the FOMC meeting, which would benefit sectors like REITs and consumer discretionary.
MY: Despite the negative overnight performance in the US, we anticipate the local bourse to kickstart the week positively ahead of the highly anticipated FOMC meeting. Meanwhile, KLK has launched its KLK TechPark, a 1,500-acre integrated industrial hub in Tanjong Malim, anchored by Chinese EV giant BYD’s 150-acre facility in Phase 1. The project has an estimated GDV of RM3.5bn over the next decade, and will be developed in phases from 2025–2035. We view this positively as it (i) diversifies KLK’s earnings beyond plantations and (ii) positions the group to benefit from Malaysia’s EV and high-tech supply chain ambitions. KLK has a consensus TP of RM21.47, implying an upside potential of 7.6%. Lastly, traders can look into SKBSHUT, which is pending a breakout trading opportunity.
Stocks to watch:
Construction: *HEGROUP*, PESONA, *SKBSHUT*
Financial: *BURSA*, *MNRB*
Plantation: INNO, UTDPLT
Property: *ECOWLD*
Technology: *SNS*
Consumer: *GENM*
Utility: MALAKOF
Telco: MAXIS
Source: M+ Global