M+ Morning Market Buzz - 2Sep25
Dow Jones: 45,544.88 pts (-92.02pts, -0.20%)
⬆️ Resistance: 46600
⬇️ Support: 44300
FBM KLCI: 1,575.12 pts (-11.95pts, -0.75%)
⬆️ Resistance: 1640
⬇️ Support: 1550
HSI Index: 25,617.42 pts (+539.80pts, +2.15%)
⬆️ Resistance: 26400
⬇️ Support: 24400
Crude Palm Oil: RM4,380 (-RM69, -1.55%)
⬆️ Resistance: 4610
⬇️ Support: 4290
Brent Oil: $68.15 (+$0.67, +0.99%)
⬆️ Resistance: 70.20
⬇️ Support: 65.60
Gold: $3,476.07 (+$2.03, +0.06%)
⬆️ Resistance: 3560
⬇️ Support: 3290
Source: Bloomberg, M+ Global
Dow Jones: 45,544.88 pts (-92.02pts, -0.20%)
⬆️ Resistance: 46600
⬇️ Support: 44300
FBM KLCI: 1,575.12 pts (-11.95pts, -0.75%)
⬆️ Resistance: 1640
⬇️ Support: 1550
HSI Index: 25,617.42 pts (+539.80pts, +2.15%)
⬆️ Resistance: 26400
⬇️ Support: 24400
Crude Palm Oil: RM4,380 (-RM69, -1.55%)
⬆️ Resistance: 4610
⬇️ Support: 4290
Brent Oil: $68.15 (+$0.67, +0.99%)
⬆️ Resistance: 70.20
⬇️ Support: 65.60
Gold: $3,476.07 (+$2.03, +0.06%)
⬆️ Resistance: 3560
⬇️ Support: 3290
Source: Bloomberg, M+ Global
👍2
M+ Global Market Update – 02Sep25
Court Ruling Rekindles Market Cautiousness
US: Wall Street was closed yesterday in conjunction with Labour Day, with the US indices futures currently trading mildly negative as investors assessed trade policy uncertainty after a federal appeals court ruled most of Trump’s tariffs as illegal, a decision he vowed to appeal to the Supreme Court. While a final ruling against broad-based tariffs could be market-positive, near-term sentiment remains clouded by potential renegotiations and seasonal weakness, with September historically being the worst month for the US equities. Investors will also be focusing on the August data for S&P Global Manufacturing PMI and ISM Manufacturing PMI today.
MY: We expect the local bourse to start the week on a softer note, tracking US negative index futures. Meanwhile, positive spillover effect may be seen in 99SMART, as more than RM50m was spent on the first day of the RM100 SARA cash handout. With recent news that GAMUDA bagged an RM2.1bn job to build hyperscale data centres in Eco Business Park V, Selangor, it is expected to bode well for the data centre-related sectors, including Construction and Property developers with exposure to industrial tech parks. Lastly, traders can monitor NEXG, as it bagged a 6-year contract worth RM1.7bn to supply Malaysian passports, and is currently pending a retest of its 52-week high resistance.
Stocks to watch:
Building Material: *MCEMENT*, UNIQUE
Finance: MAYBANK, *OSK*
Technology: *WENTEL*
Consumer: *99SMART*
Automotive: *BETAMEK*
Construction: *JTGROUP*
REIT: IGBREIT
Utility: MALAKOF
Source: M+ Global
Court Ruling Rekindles Market Cautiousness
US: Wall Street was closed yesterday in conjunction with Labour Day, with the US indices futures currently trading mildly negative as investors assessed trade policy uncertainty after a federal appeals court ruled most of Trump’s tariffs as illegal, a decision he vowed to appeal to the Supreme Court. While a final ruling against broad-based tariffs could be market-positive, near-term sentiment remains clouded by potential renegotiations and seasonal weakness, with September historically being the worst month for the US equities. Investors will also be focusing on the August data for S&P Global Manufacturing PMI and ISM Manufacturing PMI today.
MY: We expect the local bourse to start the week on a softer note, tracking US negative index futures. Meanwhile, positive spillover effect may be seen in 99SMART, as more than RM50m was spent on the first day of the RM100 SARA cash handout. With recent news that GAMUDA bagged an RM2.1bn job to build hyperscale data centres in Eco Business Park V, Selangor, it is expected to bode well for the data centre-related sectors, including Construction and Property developers with exposure to industrial tech parks. Lastly, traders can monitor NEXG, as it bagged a 6-year contract worth RM1.7bn to supply Malaysian passports, and is currently pending a retest of its 52-week high resistance.
Stocks to watch:
Building Material: *MCEMENT*, UNIQUE
Finance: MAYBANK, *OSK*
Technology: *WENTEL*
Consumer: *99SMART*
Automotive: *BETAMEK*
Construction: *JTGROUP*
REIT: IGBREIT
Utility: MALAKOF
Source: M+ Global
👍2
M+ Global Market Wrap - 2Sep25
FBM KLCI: 1,576.70 pts (+1.58pts, +0.10%)
The FBMKLCI (+0.10%) reversed its intraday loss and closed higher at 1,576.70 pts, as bargain-hunting activities emerged in some of the key heavyweights like MAYBANK (+16.0 sen) and SUNWAY (+13.0 sen), lifting the key index higher. Nevertheless, market breadth remained negative, with 735 losers outpacing 336 winners. In the broader environment, only 3 out of 11 sectors ended the day in positive territory. The Transportation & Logistics (+0.30%) sector emerged as the top gainer, while the Utilities (-1.08%) sector saw the largest decline.
Top 3 Active stocks:
TANCO (2429): RM0.705 (unch)
EKOVEST (8877): RM0.345 (-3.0 sen)
CIMB (1023): RM7.240 (-19.0 sen)
Volume: 2.90 bn (100-bar avg vol: 2.96 bn)
Value: RM2.79 bn (100-bar avg val: RM2.39 bn)
Market Breadth: ⬆️336⬇️735
Crude palm oil: RM4,472 (+RM92)
Dow Futures: 45,430 pts (-171 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,576.70 pts (+1.58pts, +0.10%)
The FBMKLCI (+0.10%) reversed its intraday loss and closed higher at 1,576.70 pts, as bargain-hunting activities emerged in some of the key heavyweights like MAYBANK (+16.0 sen) and SUNWAY (+13.0 sen), lifting the key index higher. Nevertheless, market breadth remained negative, with 735 losers outpacing 336 winners. In the broader environment, only 3 out of 11 sectors ended the day in positive territory. The Transportation & Logistics (+0.30%) sector emerged as the top gainer, while the Utilities (-1.08%) sector saw the largest decline.
Top 3 Active stocks:
TANCO (2429): RM0.705 (unch)
EKOVEST (8877): RM0.345 (-3.0 sen)
CIMB (1023): RM7.240 (-19.0 sen)
Volume: 2.90 bn (100-bar avg vol: 2.96 bn)
Value: RM2.79 bn (100-bar avg val: RM2.39 bn)
Market Breadth: ⬆️336⬇️735
Crude palm oil: RM4,472 (+RM92)
Dow Futures: 45,430 pts (-171 pts)
**Source: M+ Global, Bloomberg **
💯2
M+ Morning Market Buzz - 3Sep25
Dow Jones: 45,295.81 pts (-249.07pts, -0.55%)
⬆️ Resistance: 46600
⬇️ Support: 44100
FBM KLCI: 1,576.70 pts (+1.58pts, +0.10%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 25,496.55 pts (-120.87pts, -0.47%)
⬆️ Resistance: 26300
⬇️ Support: 24400
Crude Palm Oil: RM4,476 (+RM13, +0.29%)
⬆️ Resistance: 4610
⬇️ Support: 4290
Brent Oil: $69.14 (+$0.99, +1.45%)
⬆️ Resistance: 71.00
⬇️ Support: 65.60
Gold: $3,533.16 (-$2.76, -0.08%)
⬆️ Resistance: 3620
⬇️ Support: 3310
Source: Bloomberg, M+ Global
Dow Jones: 45,295.81 pts (-249.07pts, -0.55%)
⬆️ Resistance: 46600
⬇️ Support: 44100
FBM KLCI: 1,576.70 pts (+1.58pts, +0.10%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 25,496.55 pts (-120.87pts, -0.47%)
⬆️ Resistance: 26300
⬇️ Support: 24400
Crude Palm Oil: RM4,476 (+RM13, +0.29%)
⬆️ Resistance: 4610
⬇️ Support: 4290
Brent Oil: $69.14 (+$0.99, +1.45%)
⬆️ Resistance: 71.00
⬇️ Support: 65.60
Gold: $3,533.16 (-$2.76, -0.08%)
⬆️ Resistance: 3620
⬇️ Support: 3310
Source: Bloomberg, M+ Global
👏2
M+ Global Market Update – 03Sep25
Negative Performance May Spillover To Local Bourse
US: Wall Street started the month lower, pressured by renewed tariff uncertainty, higher Treasury yields, and weakness in tech. We believe the overall market conditions may remain slightly weak as investors turned cautious after Trump vowed to appeal a federal ruling that deemed most of his imposed tariffs illegal. Meanwhile, rising bond yields weighed on rate-sensitive sectors, while sticky inflation data and lingering doubts over the Fed’s rate-cut path kept sentiment fragile. Attention will turn to US JOLTS Job Openings (Jul) data later today. In the commodities market, all three commodities including Brent oil, gold and CPO traded higher toward USD69/bbl, USD3,533/oz and RM4,476/MT respectively.
MY: Tracking the negative overnight performance in the US, we anticipate the local bourse to trade on a weaker tone today. The market may turn defensive, focusing on defensive sectors like Banks, REITs and Consumer, with some of our top picks including AMMB, IGBREIT, and 99SMART; the latter also just announced the expansion into China. Meanwhile, traders can monitor solar-related counters such as PEKAT and NORTHERN, which are currently in an uptrend underpinned by government initiatives like NETR, NEM, and LSS projects. Lastly, investors may also consider the upcoming IPO, Express Powerr Solutions Bhd (M+ TP: RM0.31).
Stocks to watch:
Utility: *GASMSIA*, *JTGROUP*, *NORTHERN*
Financial: MAYBANK, RHBBANK
REIT: IGBREIT, PAVREIT
Property: IOIPG, *SUNWAY*
Consumer: *UCHITEC*
Plantation: INNO
O&G: DIALOG
Source: M+ Global
Negative Performance May Spillover To Local Bourse
US: Wall Street started the month lower, pressured by renewed tariff uncertainty, higher Treasury yields, and weakness in tech. We believe the overall market conditions may remain slightly weak as investors turned cautious after Trump vowed to appeal a federal ruling that deemed most of his imposed tariffs illegal. Meanwhile, rising bond yields weighed on rate-sensitive sectors, while sticky inflation data and lingering doubts over the Fed’s rate-cut path kept sentiment fragile. Attention will turn to US JOLTS Job Openings (Jul) data later today. In the commodities market, all three commodities including Brent oil, gold and CPO traded higher toward USD69/bbl, USD3,533/oz and RM4,476/MT respectively.
MY: Tracking the negative overnight performance in the US, we anticipate the local bourse to trade on a weaker tone today. The market may turn defensive, focusing on defensive sectors like Banks, REITs and Consumer, with some of our top picks including AMMB, IGBREIT, and 99SMART; the latter also just announced the expansion into China. Meanwhile, traders can monitor solar-related counters such as PEKAT and NORTHERN, which are currently in an uptrend underpinned by government initiatives like NETR, NEM, and LSS projects. Lastly, investors may also consider the upcoming IPO, Express Powerr Solutions Bhd (M+ TP: RM0.31).
Stocks to watch:
Utility: *GASMSIA*, *JTGROUP*, *NORTHERN*
Financial: MAYBANK, RHBBANK
REIT: IGBREIT, PAVREIT
Property: IOIPG, *SUNWAY*
Consumer: *UCHITEC*
Plantation: INNO
O&G: DIALOG
Source: M+ Global
👍2
Good Morning All,
Here’s our IPO note on JS Solar Holding Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.45 per share for JSSOLAR, representing a 45.2% upside from its IPO price of RM0.31. This valuation is based on a P/E ratio of 15.3x, pegged to the mid-FY27F EPS of 2.95 sen.
Investment highlights include:
(i) Introduction of BESS
(ii) Proxy of Tenaga
(iii) Further expansion in Sabah
(iv) Strong regulatory credentials to undertake projects of any scale
(v) Ongoing orderbook of RM39.7m
(vi) Tailwinds from favourable government policies
(vii) Market share expansion anticipated
Research Team, M+
3 Sep 2025
Here’s our IPO note on JS Solar Holding Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.45 per share for JSSOLAR, representing a 45.2% upside from its IPO price of RM0.31. This valuation is based on a P/E ratio of 15.3x, pegged to the mid-FY27F EPS of 2.95 sen.
Investment highlights include:
(i) Introduction of BESS
(ii) Proxy of Tenaga
(iii) Further expansion in Sabah
(iv) Strong regulatory credentials to undertake projects of any scale
(v) Ongoing orderbook of RM39.7m
(vi) Tailwinds from favourable government policies
(vii) Market share expansion anticipated
Research Team, M+
3 Sep 2025
Good Morning All,
We issued a technical buy call on Midea Group Co. Ltd.: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Robust financials
(ii) Strengthening brand visibility in Africa
(iii) AI-enabled features to further uplift margins
Research Team, M+
3 September 2025
We issued a technical buy call on Midea Group Co. Ltd.: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Robust financials
(ii) Strengthening brand visibility in Africa
(iii) AI-enabled features to further uplift margins
Research Team, M+
3 September 2025
M+ Global Market Wrap - 3Sep25
FBM KLCI: 1,578.52 pts (+1.82pts, +0.12%)
Despite the overnight losses in the US, the FBMKLCI (+0.12%) bucked the trend and closing higher for the second day, as gains in SUNWAY (+22.0 sen) and IHH (+11.0 sen) lifted the key index. Meanwhile, investors will also be focusing on BNM's OPR decision tomorrow. Market breadth turned positive, with 604 winners against 409 losers. Sector-wise, majority of the sectors turned bullish. Technology (+1.69%) sector outperformed, potentially buoyed by the news of OPPSTAR (+7.5 sen) teaming up with Inventec Corp to jointly develop a next-generation AI processing chip, while the Telecommunications & Media (-0.50%) sector declined the most.
Top 3 Active stocks:
VELESTO (5243): RM0.215 (+1.0 sen)
TANCO (2429): RM0.800 (+9.5 sen)
ZETRIX (0138): RM0.870 (+1.5 sen)
Volume: 2.70 bn (100-bar avg vol: 2.95 bn)
Value: RM2.81 bn (100-bar avg val: RM2.39 bn)
Market Breadth: ⬆️604⬇️409
Crude palm oil: RM4,450 (-RM26)
Dow Futures: 45,314 pts (-37 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,578.52 pts (+1.82pts, +0.12%)
Despite the overnight losses in the US, the FBMKLCI (+0.12%) bucked the trend and closing higher for the second day, as gains in SUNWAY (+22.0 sen) and IHH (+11.0 sen) lifted the key index. Meanwhile, investors will also be focusing on BNM's OPR decision tomorrow. Market breadth turned positive, with 604 winners against 409 losers. Sector-wise, majority of the sectors turned bullish. Technology (+1.69%) sector outperformed, potentially buoyed by the news of OPPSTAR (+7.5 sen) teaming up with Inventec Corp to jointly develop a next-generation AI processing chip, while the Telecommunications & Media (-0.50%) sector declined the most.
Top 3 Active stocks:
VELESTO (5243): RM0.215 (+1.0 sen)
TANCO (2429): RM0.800 (+9.5 sen)
ZETRIX (0138): RM0.870 (+1.5 sen)
Volume: 2.70 bn (100-bar avg vol: 2.95 bn)
Value: RM2.81 bn (100-bar avg val: RM2.39 bn)
Market Breadth: ⬆️604⬇️409
Crude palm oil: RM4,450 (-RM26)
Dow Futures: 45,314 pts (-37 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 4Sep25
Dow Jones: 45,271.23 pts (-24.58pts, -0.05%)
⬆️ Resistance: 46600
⬇️ Support: 44100
FBM KLCI: 1,578.52 pts (+1.82pts, +0.12%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 25,343.43 pts (-153.12pts, -0.60%)
⬆️ Resistance: 26400
⬇️ Support: 24400
Crude Palm Oil: RM4,442 (-RM20, -0.45%)
⬆️ Resistance: 4590
⬇️ Support: 4290
Brent Oil: $69.14 (-$1.74, -2.52%)
⬆️ Resistance: 71.00
⬇️ Support: 65.80
Gold: $3,559.42 (+$26.26, +0.74%)
⬆️ Resistance: 3660
⬇️ Support: 3320
Source: Bloomberg, M+ Global
Dow Jones: 45,271.23 pts (-24.58pts, -0.05%)
⬆️ Resistance: 46600
⬇️ Support: 44100
FBM KLCI: 1,578.52 pts (+1.82pts, +0.12%)
⬆️ Resistance: 1630
⬇️ Support: 1540
HSI Index: 25,343.43 pts (-153.12pts, -0.60%)
⬆️ Resistance: 26400
⬇️ Support: 24400
Crude Palm Oil: RM4,442 (-RM20, -0.45%)
⬆️ Resistance: 4590
⬇️ Support: 4290
Brent Oil: $69.14 (-$1.74, -2.52%)
⬆️ Resistance: 71.00
⬇️ Support: 65.80
Gold: $3,559.42 (+$26.26, +0.74%)
⬆️ Resistance: 3660
⬇️ Support: 3320
Source: Bloomberg, M+ Global
M+ Global Market Update – 04Sep25
Solar Theme Back In Play
US: Though little progress has been made on de-escalating trade tensions, with Treasury yields nearing 5%, Wall Street managed to recover its previous day’s losses, which were tied to Alphabet’s antitrust ruling. Overall, we believe market participants will adopt a “wait-and-see” approach and Wall Street may trade cautiously given the uncertain trade tariff environment. On the economic front, the Fed reported softer-than-expected US labour market data, with focus now on upcoming releases including (i) unemployment claims, (ii) ISM services PMI, and (iii) non-farm payrolls. In the commodities market, Brent retreated towards USD67/bbl, while Gold climbed higher to USD3,559/oz. CPO prices remained stable at USD4,422/MT.
MY: Tracking the broadly positive overnight performance in the US, we anticipate the local bourse to trade on a firmer note today. Meanwhile, solar-related companies should see healthy buying support, given the recent rollout of LSS5+ packages. On the construction play, we believe traders may focus on (i) SUNCON and GAMUDA, as we anticipate the data centre boom will be sustained, and (ii) LSH Capital, which we deem undervalued given its 6–7x order book coverage ratio. On a more conservative play, traders may focus on sectors like Banks, REITs, and Consumers such as AMMB, IGBREIT, and 99SMART, given the lower input cost environment, with the latter having just announced its expansion into China.
Stocks to watch:
Technology: *ITMAX*, *UWC*
Building Material: SKBSHUT, *UNIQUE*
Financial: *BURSA*, OSK
Utility: GASMSIA, *PEKAT*
Consumer: HEIM, KOPI
Gaming: *GENM*
Source: M+ Global
Solar Theme Back In Play
US: Though little progress has been made on de-escalating trade tensions, with Treasury yields nearing 5%, Wall Street managed to recover its previous day’s losses, which were tied to Alphabet’s antitrust ruling. Overall, we believe market participants will adopt a “wait-and-see” approach and Wall Street may trade cautiously given the uncertain trade tariff environment. On the economic front, the Fed reported softer-than-expected US labour market data, with focus now on upcoming releases including (i) unemployment claims, (ii) ISM services PMI, and (iii) non-farm payrolls. In the commodities market, Brent retreated towards USD67/bbl, while Gold climbed higher to USD3,559/oz. CPO prices remained stable at USD4,422/MT.
MY: Tracking the broadly positive overnight performance in the US, we anticipate the local bourse to trade on a firmer note today. Meanwhile, solar-related companies should see healthy buying support, given the recent rollout of LSS5+ packages. On the construction play, we believe traders may focus on (i) SUNCON and GAMUDA, as we anticipate the data centre boom will be sustained, and (ii) LSH Capital, which we deem undervalued given its 6–7x order book coverage ratio. On a more conservative play, traders may focus on sectors like Banks, REITs, and Consumers such as AMMB, IGBREIT, and 99SMART, given the lower input cost environment, with the latter having just announced its expansion into China.
Stocks to watch:
Technology: *ITMAX*, *UWC*
Building Material: SKBSHUT, *UNIQUE*
Financial: *BURSA*, OSK
Utility: GASMSIA, *PEKAT*
Consumer: HEIM, KOPI
Gaming: *GENM*
Source: M+ Global
👍2😁1
Good Morning All,
Here’s our IPO note on Camaroe Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.17 per share for CAMAROE, indicating a 21.4% upside from the IPO price of RM0.14. This valuation is based on a PE multiple of 11.0x pegged to mid-FY26f EPS of 1.56 sen.
Investment highlights include:
(i) Full supply chain control to ensure consistent supply and healthy margins
(ii) Established export-driven B2B model with China as the main focus
(iii) Compliance with local and international quality standards
(iv) More ponds, more revenue
(v) Market share reflects overseas export focus
Research Team, M+
4 Sep 2025
Here’s our IPO note on Camaroe Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.17 per share for CAMAROE, indicating a 21.4% upside from the IPO price of RM0.14. This valuation is based on a PE multiple of 11.0x pegged to mid-FY26f EPS of 1.56 sen.
Investment highlights include:
(i) Full supply chain control to ensure consistent supply and healthy margins
(ii) Established export-driven B2B model with China as the main focus
(iii) Compliance with local and international quality standards
(iv) More ponds, more revenue
(v) Market share reflects overseas export focus
Research Team, M+
4 Sep 2025
Good Morning All,
We issued an update note on our coverage stock Inta Bina Group Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
This latest contract win is a significant positive for INTA, solidifying its order book. As this is the fourth win for FY25, it has boosted the YTD contract awards to c.RM679.3m, amounting to 46.8% of our full-year target. More importantly, this addition expands INTA's unbilled order book to a substantial RM1.9bn, providing strong earnings visibility with a 2.5x cover ratio over FY24's construction revenue.
Hence, we maintain our BUY recommendation with a target price of RM0.76, based on a P/E multiple of 11x pegged to FY26F EPS of 6.89 sen.
Research Team, M+
4 September 2025
We issued an update note on our coverage stock Inta Bina Group Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
This latest contract win is a significant positive for INTA, solidifying its order book. As this is the fourth win for FY25, it has boosted the YTD contract awards to c.RM679.3m, amounting to 46.8% of our full-year target. More importantly, this addition expands INTA's unbilled order book to a substantial RM1.9bn, providing strong earnings visibility with a 2.5x cover ratio over FY24's construction revenue.
Hence, we maintain our BUY recommendation with a target price of RM0.76, based on a P/E multiple of 11x pegged to FY26F EPS of 6.89 sen.
Research Team, M+
4 September 2025
Good Evening All,
We issued a technical buy call on SoFI Technologies Inc: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Growing user base
(ii) Strategic acquisitions and partnerships
(iii) Positive earnings guidance
Research Team, M+
4 September 2025
We issued a technical buy call on SoFI Technologies Inc: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Growing user base
(ii) Strategic acquisitions and partnerships
(iii) Positive earnings guidance
Research Team, M+
4 September 2025
M+ Global Market Wrap - 4Sep25
FBM KLCI: 1,578.29 pts (-0.23pts, -0.01%)
Bursa’s key index hovered around the flatline on Thursday, as gains in Banking heavyweights were offset by losses in Industrial Products & Services like PCHEM (-10.0 sen). Market breadth tilted negatively, with losers outpacing gainers at 552-to-385, while total traded volume stood below the 100-day average. Financials (+0.24%) outperformed, led by CIMB (+7.0 sen) and PBBANK (+1.0 sen), while Health Care (-1.60%) stocks declined the most.
Top 3 Active stocks:
BCMALL (0187): RM0.010 (unch)
TANCO (2429): RM0.795 (-0.5 sen)
SIME (4197): RM2.030 (-3.0 sen)
Volume: 2.32 bn (100-bar avg vol: 2.92 bn)
Value: RM2.30 bn (100-bar avg val: RM2.38 bn)
Market Breadth: ⬆️385⬇️552
Crude palm oil: RM4,445 (+RM3)
Dow Futures: 45,280 pts (-28 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,578.29 pts (-0.23pts, -0.01%)
Bursa’s key index hovered around the flatline on Thursday, as gains in Banking heavyweights were offset by losses in Industrial Products & Services like PCHEM (-10.0 sen). Market breadth tilted negatively, with losers outpacing gainers at 552-to-385, while total traded volume stood below the 100-day average. Financials (+0.24%) outperformed, led by CIMB (+7.0 sen) and PBBANK (+1.0 sen), while Health Care (-1.60%) stocks declined the most.
Top 3 Active stocks:
BCMALL (0187): RM0.010 (unch)
TANCO (2429): RM0.795 (-0.5 sen)
SIME (4197): RM2.030 (-3.0 sen)
Volume: 2.32 bn (100-bar avg vol: 2.92 bn)
Value: RM2.30 bn (100-bar avg val: RM2.38 bn)
Market Breadth: ⬆️385⬇️552
Crude palm oil: RM4,445 (+RM3)
Dow Futures: 45,280 pts (-28 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 8Sep25
Dow Jones: 45,400.86 pts (-220.43pts, -0.48%)
⬆️ Resistance: 46700
⬇️ Support: 44100
FBM KLCI: 1,578.15 pts (-0.37pts, -0.02%)
⬆️ Resistance: 1620
⬇️ Support: 1540
HSI Index: 25,417.98 pts (+359.47pts, +1.43%)
⬆️ Resistance: 26400
⬇️ Support: 24600
Crude Palm Oil: RM4,448 (+RM6, +0.14%)
⬆️ Resistance: 4590
⬇️ Support: 4320
Brent Oil: $65.50 (+$0.11, +0.17%)
⬆️ Resistance: 71.00
⬇️ Support: 63.80
Gold: $3,586.69 (+$4.92, +0.14%)
⬆️ Resistance: 3680
⬇️ Support: 3370
Source: Bloomberg, M+ Global
Dow Jones: 45,400.86 pts (-220.43pts, -0.48%)
⬆️ Resistance: 46700
⬇️ Support: 44100
FBM KLCI: 1,578.15 pts (-0.37pts, -0.02%)
⬆️ Resistance: 1620
⬇️ Support: 1540
HSI Index: 25,417.98 pts (+359.47pts, +1.43%)
⬆️ Resistance: 26400
⬇️ Support: 24600
Crude Palm Oil: RM4,448 (+RM6, +0.14%)
⬆️ Resistance: 4590
⬇️ Support: 4320
Brent Oil: $65.50 (+$0.11, +0.17%)
⬆️ Resistance: 71.00
⬇️ Support: 63.80
Gold: $3,586.69 (+$4.92, +0.14%)
⬆️ Resistance: 3680
⬇️ Support: 3370
Source: Bloomberg, M+ Global
👍2
M+ Global Market Update – 08Sep25
Still Into Solar And Data Center
US: With softer guidance from the Treasury Secretary, coupled with softer-than-anticipated jobs data, Wall Street closed the week on a weaker note. Traders could be looking at the possibility of a 50 bps rate cut this month, as the Greenback saw heavy selling after the release of August’s non-farm payrolls, which missed economists’ estimates by a wide margin of 75,000. The unemployment rate also edged higher to 4.3%. Hence, we expect the market to trade on a cautious note and will closely track (i) key inflation data, (ii) unemployment claims, and (iii) preliminary consumer sentiment. In the commodities market, Brent retreated towards 65/bbl, while Gold climbed to $3,592/oz. CPO prices remained stable at $4,448/MT.
MY: Given the broadly negative overnight performance in the US, we anticipate the local bourse will begin the week on a weaker note. However, solar-related companies should continue to see healthy buying support following the recent rollout of LSS5+. We view SLVEST, PEKAT, and NORTHERN as the major proxies riding on government initiatives like NETR, NEM, and LSS. Meanwhile, we expect the ongoing data center boom to provide healthy buying support for construction stocks. In this segment, we like JTGROUP and LSH Capital; the latter is deemed undervalued given its 6–7x order book coverage ratio. For a conservative play, traders should focus on consumer stocks like Spritzer, given its recent stellar results.
Stocks to watch:
Financial: BURSA, *MNRB*, OSK
Construction: *KIMLUN*, *JTGROUP*
Consumer: *GENM*, SPRITZER
Property: *IOIPG*, KSL
Building Material: MCEMENT
Automotive: DRBHCOM
Source: M+ Global
Still Into Solar And Data Center
US: With softer guidance from the Treasury Secretary, coupled with softer-than-anticipated jobs data, Wall Street closed the week on a weaker note. Traders could be looking at the possibility of a 50 bps rate cut this month, as the Greenback saw heavy selling after the release of August’s non-farm payrolls, which missed economists’ estimates by a wide margin of 75,000. The unemployment rate also edged higher to 4.3%. Hence, we expect the market to trade on a cautious note and will closely track (i) key inflation data, (ii) unemployment claims, and (iii) preliminary consumer sentiment. In the commodities market, Brent retreated towards 65/bbl, while Gold climbed to $3,592/oz. CPO prices remained stable at $4,448/MT.
MY: Given the broadly negative overnight performance in the US, we anticipate the local bourse will begin the week on a weaker note. However, solar-related companies should continue to see healthy buying support following the recent rollout of LSS5+. We view SLVEST, PEKAT, and NORTHERN as the major proxies riding on government initiatives like NETR, NEM, and LSS. Meanwhile, we expect the ongoing data center boom to provide healthy buying support for construction stocks. In this segment, we like JTGROUP and LSH Capital; the latter is deemed undervalued given its 6–7x order book coverage ratio. For a conservative play, traders should focus on consumer stocks like Spritzer, given its recent stellar results.
Stocks to watch:
Financial: BURSA, *MNRB*, OSK
Construction: *KIMLUN*, *JTGROUP*
Consumer: *GENM*, SPRITZER
Property: *IOIPG*, KSL
Building Material: MCEMENT
Automotive: DRBHCOM
Source: M+ Global
👍3🥰1😁1
M+ Global Market Wrap - 8Sep25
FBM KLCI: 1,585.59 pts (+7.44pts, +0.47%)
Bucking Wall Street’s negative lead, Bursa’s key index began the week on a firmer note, as gains in Utilities heavyweights like TENAGA (+26.0 sen) lifted sentiment on the local front. Market breadth was positive, with winners outpacing losers at 548 to 434 stocks. On the broader market, Utilities (+1.48%) outperformed, led by YTL-related counters, while Energy (-0.44%) declined the most.
Top 3 Active stocks:
PHARMA (7081): RM0.195 (+1.5 sen)
NEXG (5216): RM0.490 (+1.0 sen)
TANCO (2429): RM0.810 (+1.5 sen)
Volume: 2.15 bn (100-bar avg vol: 2.92 bn)
Value: RM1.94 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️548⬇️434
Crude palm oil: RM4,488 (+RM40)
Dow Futures: 45,527 pts (+68 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,585.59 pts (+7.44pts, +0.47%)
Bucking Wall Street’s negative lead, Bursa’s key index began the week on a firmer note, as gains in Utilities heavyweights like TENAGA (+26.0 sen) lifted sentiment on the local front. Market breadth was positive, with winners outpacing losers at 548 to 434 stocks. On the broader market, Utilities (+1.48%) outperformed, led by YTL-related counters, while Energy (-0.44%) declined the most.
Top 3 Active stocks:
PHARMA (7081): RM0.195 (+1.5 sen)
NEXG (5216): RM0.490 (+1.0 sen)
TANCO (2429): RM0.810 (+1.5 sen)
Volume: 2.15 bn (100-bar avg vol: 2.92 bn)
Value: RM1.94 bn (100-bar avg val: RM2.37 bn)
Market Breadth: ⬆️548⬇️434
Crude palm oil: RM4,488 (+RM40)
Dow Futures: 45,527 pts (+68 pts)
**Source: M+ Global, Bloomberg **
M+ Morning Market Buzz - 9Sep25
Dow Jones: 45,514.95 pts (+114.09pts, +0.25%)
⬆️ Resistance: 46700
⬇️ Support: 44100
FBM KLCI: 1,585.59 pts (+7.44pts, +0.47%)
⬆️ Resistance: 1620
⬇️ Support: 1540
HSI Index: 25,633.91 pts (+215.93pts, +0.85%)
⬆️ Resistance: 26400
⬇️ Support: 24600
Crude Palm Oil: RM4,488 (RM0, 0.00%)
⬆️ Resistance: 4590
⬇️ Support: 4320
Brent Oil: $66.02 (+$0.52, +0.79%)
⬆️ Resistance: 71.00
⬇️ Support: 63.80
Gold: $3,635.98 (-$6.17, -0.17%)
⬆️ Resistance: 3720
⬇️ Support: 3410
Source: Bloomberg, M+ Global
Dow Jones: 45,514.95 pts (+114.09pts, +0.25%)
⬆️ Resistance: 46700
⬇️ Support: 44100
FBM KLCI: 1,585.59 pts (+7.44pts, +0.47%)
⬆️ Resistance: 1620
⬇️ Support: 1540
HSI Index: 25,633.91 pts (+215.93pts, +0.85%)
⬆️ Resistance: 26400
⬇️ Support: 24600
Crude Palm Oil: RM4,488 (RM0, 0.00%)
⬆️ Resistance: 4590
⬇️ Support: 4320
Brent Oil: $66.02 (+$0.52, +0.79%)
⬆️ Resistance: 71.00
⬇️ Support: 63.80
Gold: $3,635.98 (-$6.17, -0.17%)
⬆️ Resistance: 3720
⬇️ Support: 3410
Source: Bloomberg, M+ Global
👍2
M+ Global Market Update – 09Sep25
Small Cap Index Experienced A Small Breakout
US: The market continued to stay positive amid tech-driven momentum, shrugging off the ongoing uncertain trade environment. However, last week President Trump commented that there will be a substantial semiconductor tariff that will be coming “shortly”, which may limit the upside potential of the current movements. In the near term, traders will be watching the CPI and PPI data to assess the FOMC decision next week. The current market is looking at a rate cut, with ~10% of market participants pricing in a 50bps cut. In the commodities market, both Brent and gold remained stable at USD65/bbl and USD3,629/oz, while CPO edged marginally higher to RM4,488/MT.
MY: Given the broadly positive overnight performance in the US, we anticipate healthy buying support to sustain momentum in the local index. The FBM Small Cap index has experienced a short-term breakout formation, which we think might be a bullish sign for more upside potential on a broader scale. Moreover, with the recent rollout of LSS5+, we believe SLVEST, PEKAT, and NORTHERN are direct proxies, riding on government initiatives. Meanwhile, we expect the ongoing data center and AI catalysts to provide buying support for construction and technology stocks. For a more conservative play, traders may focus on consumer stocks, supported by a stronger ringgit and domestic-led MyKasih cash handouts.
Stocks to watch:
Construction and Building Material: *CBHB*, *JTGROUP*, SKBSHUT, UNIQUE
REIT: PAVREIT, SUNREIT
Utility: *RANHILL*, YTLPOWR
Technology: *EDELTEQ*
Gaming: *GENM*
Consumer: HUPSENG
Financial: MNRB
Source: M+ Global
Small Cap Index Experienced A Small Breakout
US: The market continued to stay positive amid tech-driven momentum, shrugging off the ongoing uncertain trade environment. However, last week President Trump commented that there will be a substantial semiconductor tariff that will be coming “shortly”, which may limit the upside potential of the current movements. In the near term, traders will be watching the CPI and PPI data to assess the FOMC decision next week. The current market is looking at a rate cut, with ~10% of market participants pricing in a 50bps cut. In the commodities market, both Brent and gold remained stable at USD65/bbl and USD3,629/oz, while CPO edged marginally higher to RM4,488/MT.
MY: Given the broadly positive overnight performance in the US, we anticipate healthy buying support to sustain momentum in the local index. The FBM Small Cap index has experienced a short-term breakout formation, which we think might be a bullish sign for more upside potential on a broader scale. Moreover, with the recent rollout of LSS5+, we believe SLVEST, PEKAT, and NORTHERN are direct proxies, riding on government initiatives. Meanwhile, we expect the ongoing data center and AI catalysts to provide buying support for construction and technology stocks. For a more conservative play, traders may focus on consumer stocks, supported by a stronger ringgit and domestic-led MyKasih cash handouts.
Stocks to watch:
Construction and Building Material: *CBHB*, *JTGROUP*, SKBSHUT, UNIQUE
REIT: PAVREIT, SUNREIT
Utility: *RANHILL*, YTLPOWR
Technology: *EDELTEQ*
Gaming: *GENM*
Consumer: HUPSENG
Financial: MNRB
Source: M+ Global
👍3🥰1
Good Morning All,
We issued an update note on our coverage stock Inta Bina Group Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
This latest contract win is positive for INTA and it further solidifies its order book. As the fifth win for FY25, it has lifted YTD contract awards to c.RM745.8m, representing 51.4% of our full-year target. More importantly, the addition expands INTA's unbilled order book to ~RM1.9bn, providing strong earnings visibility with a 2.5x cover ratio over FY24 construction revenue
Hence, we maintain our BUY recommendation with a target price of RM0.76, based on a P/E multiple of 11x pegged to FY26F EPS of 6.89 sen.
Research Team, M+
9 September 2025
We issued an update note on our coverage stock Inta Bina Group Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
This latest contract win is positive for INTA and it further solidifies its order book. As the fifth win for FY25, it has lifted YTD contract awards to c.RM745.8m, representing 51.4% of our full-year target. More importantly, the addition expands INTA's unbilled order book to ~RM1.9bn, providing strong earnings visibility with a 2.5x cover ratio over FY24 construction revenue
Hence, we maintain our BUY recommendation with a target price of RM0.76, based on a P/E multiple of 11x pegged to FY26F EPS of 6.89 sen.
Research Team, M+
9 September 2025
M+ Global Market Wrap - 9Sep25
FBM KLCI: 1,584.72 pts (-0.87pts, -0.05%)
Tuesday’s session saw the local bourse eked out marginal gains as advances in Plantation heavyweights were offset by profit-taking activities in Utilities heavyweights like TENAGA (-22.0 sen). Market breadth tilted positively with gainers outpacing losers at 506-to-447 stocks, while total traded volume stood above the norm. On the back of a stronger Malaysian Ringgit environment, Consumer Products & Services (+1.11%) outperformed with NESTLE (+210.0 sen) and PPB (+30.0 sen) leading the pack, while Technology (-0.50%) declined the most.
Top 3 Active stocks:
PHARMA (7081): RM0.215 (+2.5 sen)
ZETRIX (0138): RM0.855 (-0.5 sen)
VELESTO (5243): RM0.210 (-0.5 sen)
Volume: 3.01 bn (100-bar avg vol: 2.92 bn)
Value: RM2.61 bn (100-bar avg val: RM2.36 bn)
Market Breadth: ⬆️506⬇️447
us
Dow Futures: 45,577 pts (+2 pts)
**Source: M+ Global, Bloomberg **
FBM KLCI: 1,584.72 pts (-0.87pts, -0.05%)
Tuesday’s session saw the local bourse eked out marginal gains as advances in Plantation heavyweights were offset by profit-taking activities in Utilities heavyweights like TENAGA (-22.0 sen). Market breadth tilted positively with gainers outpacing losers at 506-to-447 stocks, while total traded volume stood above the norm. On the back of a stronger Malaysian Ringgit environment, Consumer Products & Services (+1.11%) outperformed with NESTLE (+210.0 sen) and PPB (+30.0 sen) leading the pack, while Technology (-0.50%) declined the most.
Top 3 Active stocks:
PHARMA (7081): RM0.215 (+2.5 sen)
ZETRIX (0138): RM0.855 (-0.5 sen)
VELESTO (5243): RM0.210 (-0.5 sen)
Volume: 3.01 bn (100-bar avg vol: 2.92 bn)
Value: RM2.61 bn (100-bar avg val: RM2.36 bn)
Market Breadth: ⬆️506⬇️447
us
Dow Futures: 45,577 pts (+2 pts)
**Source: M+ Global, Bloomberg **