M+ Market Buzz - 7Oct26
Dow Jones: 51,521.28 pts (+253.38pts, +0.49%)
⬆️ Resistance: 52800
⬇️ Support: 49600
FBM KLCI: 1,633.35 pts (+1.60pts, +0.10%)
⬆️ Resistance: 1700
⬇️ Support: 1600
HSI Index: 24,280.56 pts (+240.22pts, +1.00%)
⬆️ Resistance: 25200
⬇️ Support: 23400
Crude Palm Oil: RM4,560 (-RM2, -0.04%)
⬆️ Resistance: 4750
⬇️ Support: 4410
Brent Oil: $100.58 (+$0.26, +0.26%)
⬆️ Resistance: 106.20
⬇️ Support: 94.70
Gold: $4,164.18 (+$2.58, +0.06%)
⬆️ Resistance: 4320
⬇️ Support: 4030
Source: Bloomberg, M+Global
Dow Jones: 51,521.28 pts (+253.38pts, +0.49%)
⬆️ Resistance: 52800
⬇️ Support: 49600
FBM KLCI: 1,633.35 pts (+1.60pts, +0.10%)
⬆️ Resistance: 1700
⬇️ Support: 1600
HSI Index: 24,280.56 pts (+240.22pts, +1.00%)
⬆️ Resistance: 25200
⬇️ Support: 23400
Crude Palm Oil: RM4,560 (-RM2, -0.04%)
⬆️ Resistance: 4750
⬇️ Support: 4410
Brent Oil: $100.58 (+$0.26, +0.26%)
⬆️ Resistance: 106.20
⬇️ Support: 94.70
Gold: $4,164.18 (+$2.58, +0.06%)
⬆️ Resistance: 4320
⬇️ Support: 4030
Source: Bloomberg, M+Global
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M+ Global Market Update – 07Oct26
Regional Strength Buoys Markets Ahead Of Budget
US: Wall Street may retain its constructive tone after the S&P 500 and Nasdaq reached fresh record highs, helped by easing Treasury yields and stabilising oil prices. AI remains a key earnings driver, with Marvell (MRVL) in focus after raising its FY2028 revenue target to USD20.0bn and guiding FY2031 revenue to USD70.0–90.0bn, underpinned by strong demand for custom AI silicon and optical connectivity. Meanwhile, Salesforce (CRM) could benefit from renewed strength in enterprise software as concerns over AI disruption ease, while Meta (META) continues expanding its AI offerings to businesses through its Meta Enterprise Platform.
MY: On the local front, the FBMKLCI is poised to track global tech strength, with sentiment supported by robust earnings and positioning ahead of Budget 2027 on 9 October. The semiconductor and automation space could remain in focus, with semiconductors, AI and high-value investments among the Government’s key priorities. UWC stands out after 4QFY26 revenue jumped 71.1% to RM186.2m, while net profit surged 129.7%, reflecting stronger semiconductor demand and project execution. VITROX could also attract interest following a sharp improvement in 2QFY26 earnings. Meanwhile, TOPGLOV offers an earnings-driven play after 4QFY26 revenue rose 39.7% to RM1.25bn, with net profit surging 352.6%.
Stocks to watch:
Construction: *AWC*, *ISF*, SORENTO, *UUE*
Technology: GREATEC, *ICENTS*, *INARI*, MI
Gloves: *KOSSAN*, *SUPERMX*
**Source: M+ Global**
Regional Strength Buoys Markets Ahead Of Budget
US: Wall Street may retain its constructive tone after the S&P 500 and Nasdaq reached fresh record highs, helped by easing Treasury yields and stabilising oil prices. AI remains a key earnings driver, with Marvell (MRVL) in focus after raising its FY2028 revenue target to USD20.0bn and guiding FY2031 revenue to USD70.0–90.0bn, underpinned by strong demand for custom AI silicon and optical connectivity. Meanwhile, Salesforce (CRM) could benefit from renewed strength in enterprise software as concerns over AI disruption ease, while Meta (META) continues expanding its AI offerings to businesses through its Meta Enterprise Platform.
MY: On the local front, the FBMKLCI is poised to track global tech strength, with sentiment supported by robust earnings and positioning ahead of Budget 2027 on 9 October. The semiconductor and automation space could remain in focus, with semiconductors, AI and high-value investments among the Government’s key priorities. UWC stands out after 4QFY26 revenue jumped 71.1% to RM186.2m, while net profit surged 129.7%, reflecting stronger semiconductor demand and project execution. VITROX could also attract interest following a sharp improvement in 2QFY26 earnings. Meanwhile, TOPGLOV offers an earnings-driven play after 4QFY26 revenue rose 39.7% to RM1.25bn, with net profit surging 352.6%.
Stocks to watch:
Construction: *AWC*, *ISF*, SORENTO, *UUE*
Technology: GREATEC, *ICENTS*, *INARI*, MI
Gloves: *KOSSAN*, *SUPERMX*
**Source: M+ Global**
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Good Morning All,
Here’s our IPO note on NWE Resources Group Berhad (NWEBHD): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.26 per share for NWEBHD, indicating a 30.0% upside from the IPO price of RM0.20. This valuation is based on a PE ratio of 12.0x, pegged to FY28f EPS of 2.15 sen.
Investment highlights include:
(i) Vertically integrated hospitality amenities and health foods platform
(ii) Serving the premium hospitality clients
(iii) Exclusive Miki distributorship
(iv) Margin expansion over the years
(v) NWE Biotech's pioneer status provides tax shield
(vi) Direct beneficiary of tourism tailwinds
Research Team, M+Global
7 Oct 26
Here’s our IPO note on NWE Resources Group Berhad (NWEBHD): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.26 per share for NWEBHD, indicating a 30.0% upside from the IPO price of RM0.20. This valuation is based on a PE ratio of 12.0x, pegged to FY28f EPS of 2.15 sen.
Investment highlights include:
(i) Vertically integrated hospitality amenities and health foods platform
(ii) Serving the premium hospitality clients
(iii) Exclusive Miki distributorship
(iv) Margin expansion over the years
(v) NWE Biotech's pioneer status provides tax shield
(vi) Direct beneficiary of tourism tailwinds
Research Team, M+Global
7 Oct 26
M+ Global Market Wrap - 7Oct26
FBM KLCI: 1,611.78 pts (-21.57 pts, -1.32%)
The local bourse traded on a cautious note today as surging crude oil prices and elevated US Treasury yields dragged regional market sentiment. The FBM KLCI was dragged down by Nestle (-224.0 sen) and HLBANK (-138.0 sen). Market breadth was negative with 659 losers outpacing 490 gainers. Sector wise, Construction (+1.22%) outperformed, led by GAMUDA (+8.0 sen) and IJM (+9.0 sen), while Financials (-2.65%) lagged the most.
Top 3 Active stocks:
TOPGLOV (7113): RM0.855 (-2.0 sen)
ZETRIX (0138): RM0.080 (-1.0 sen)
VS (6963): RM0.325 (-0.5 sen)
Top 3 Gainer stocks:
BKAWAN (1899): RM19.60 (+32.0 sen)
MI (5286): RM6.38 (+38.0 sen)
MPI (3867): RM45.20 (+24.0 sen)
Top 3 Loser stocks:
HLBANK (5819): RM21.50 (-138.0 sen)F&N (3689): RM20.78 (-94.0 sen)
TIMECOM (5031): RM5.450 (-16.0 sen)
NESTLE (4707): RM89.02 (-224.0 sen)
Volume: 3.45 bn (100-bar avg vol: 3.56 bn)
Value: RM2.91 bn (100-bar avg val: RM3.11 bn)
Market Breadth: ⬆️490 ⬇️659
Crude Palm Oil: RM4,560 (-RM41, -0.90%)
Dow Futures: 51,753 pts (-63 pts)
Source: M+Global, Bloomberg
FBM KLCI: 1,611.78 pts (-21.57 pts, -1.32%)
The local bourse traded on a cautious note today as surging crude oil prices and elevated US Treasury yields dragged regional market sentiment. The FBM KLCI was dragged down by Nestle (-224.0 sen) and HLBANK (-138.0 sen). Market breadth was negative with 659 losers outpacing 490 gainers. Sector wise, Construction (+1.22%) outperformed, led by GAMUDA (+8.0 sen) and IJM (+9.0 sen), while Financials (-2.65%) lagged the most.
Top 3 Active stocks:
TOPGLOV (7113): RM0.855 (-2.0 sen)
ZETRIX (0138): RM0.080 (-1.0 sen)
VS (6963): RM0.325 (-0.5 sen)
Top 3 Gainer stocks:
BKAWAN (1899): RM19.60 (+32.0 sen)
MI (5286): RM6.38 (+38.0 sen)
MPI (3867): RM45.20 (+24.0 sen)
Top 3 Loser stocks:
HLBANK (5819): RM21.50 (-138.0 sen)F&N (3689): RM20.78 (-94.0 sen)
TIMECOM (5031): RM5.450 (-16.0 sen)
NESTLE (4707): RM89.02 (-224.0 sen)
Volume: 3.45 bn (100-bar avg vol: 3.56 bn)
Value: RM2.91 bn (100-bar avg val: RM3.11 bn)
Market Breadth: ⬆️490 ⬇️659
Crude Palm Oil: RM4,560 (-RM41, -0.90%)
Dow Futures: 51,753 pts (-63 pts)
Source: M+Global, Bloomberg
Good Evening All,
We issued a technical buy call on Flex Ltd. (FLEX): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) AI-led earnings acceleration
(ii) EPC Power acquisition
(iii) Axiom spin-off catalyst
Research Team, M+Global
7Oct26
We issued a technical buy call on Flex Ltd. (FLEX): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) AI-led earnings acceleration
(ii) EPC Power acquisition
(iii) Axiom spin-off catalyst
Research Team, M+Global
7Oct26
M+ Market Buzz - 8Oct26
Dow Jones: 51,179.87 pts (-341.41pts, -0.66%)
⬆️ Resistance: 52800
⬇️ Support: 49600
FBM KLCI: 1,611.78 pts (-21.57pts, -1.32%)
⬆️ Resistance: 1690
⬇️ Support: 1580
HSI Index: 24,130.50 pts (-150.06pts, -0.62%)
⬆️ Resistance: 24900
⬇️ Support: 23400
Crude Palm Oil: RM4,524 (+RM29, +0.64%)
⬆️ Resistance: 4720
⬇️ Support: 4410
Brent Oil: $100.20 (-$0.38, -0.38%)
⬆️ Resistance: 106.10
⬇️ Support: 94.70
Gold: $4,111.23 (-$5.61, -0.14%)
⬆️ Resistance: 4320
⬇️ Support: 3990
Source: Bloomberg, M+Global
Dow Jones: 51,179.87 pts (-341.41pts, -0.66%)
⬆️ Resistance: 52800
⬇️ Support: 49600
FBM KLCI: 1,611.78 pts (-21.57pts, -1.32%)
⬆️ Resistance: 1690
⬇️ Support: 1580
HSI Index: 24,130.50 pts (-150.06pts, -0.62%)
⬆️ Resistance: 24900
⬇️ Support: 23400
Crude Palm Oil: RM4,524 (+RM29, +0.64%)
⬆️ Resistance: 4720
⬇️ Support: 4410
Brent Oil: $100.20 (-$0.38, -0.38%)
⬆️ Resistance: 106.10
⬇️ Support: 94.70
Gold: $4,111.23 (-$5.61, -0.14%)
⬆️ Resistance: 4320
⬇️ Support: 3990
Source: Bloomberg, M+Global
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M+ Global Market Update – 08Oct26
FOMC Minutes Fuel Rate Hike Concerns
US: Elevated Treasury yields and renewed rate-hike concerns could keep investors cautious, following FOMC minutes which showed that most participants assessed another rate increase would likely be appropriate by year-end. With the 10-year Treasury yield near 5.3%, defensive positioning could persist, although AI-related names with strong earnings visibility may remain resilient. FLEX stands out after raising its FY27 adjusted EPS guidance to USD4.42–4.74, implying 39% YoY growth at the midpoint, while its planned Axiom spin-off and USD2.0bn strategic investment further reinforce its AI infrastructure exposure. Meanwhile, Amazon (AMZN) could remain in focus ahead of the FCC’s 29 October vote on a proposal to advance a 25MHz spectrum auction to support direct-to-device satellite services.
MY: On the local front, we expect domestic equities to remain selective ahead of Budget 2027 on 9 October, with infrastructure and earnings visibility in focus. HKB could attract interest following a sharp 3QFY26 recovery, with revenue rising 93.4% YoY to RM49.5m and net profit reaching RM3.0m, while its order book has expanded to about RM851m. Meanwhile, JTGROUP offers fresh power infrastructure exposure after securing RM15.7m in TNB contracts for underground cable works and a submarine power cable monitoring system, bringing its unbilled order book to RM1.1bn.
Stocks to watch:
Construction: *HEGROUP*, *ISF*, SORENTO, *UUE*
Technology: *INARI*, MI, *NOTION*
Utility: *RANHILL*, *XPB*
Packaging: L&PBHD
**Source: M+ Global**
FOMC Minutes Fuel Rate Hike Concerns
US: Elevated Treasury yields and renewed rate-hike concerns could keep investors cautious, following FOMC minutes which showed that most participants assessed another rate increase would likely be appropriate by year-end. With the 10-year Treasury yield near 5.3%, defensive positioning could persist, although AI-related names with strong earnings visibility may remain resilient. FLEX stands out after raising its FY27 adjusted EPS guidance to USD4.42–4.74, implying 39% YoY growth at the midpoint, while its planned Axiom spin-off and USD2.0bn strategic investment further reinforce its AI infrastructure exposure. Meanwhile, Amazon (AMZN) could remain in focus ahead of the FCC’s 29 October vote on a proposal to advance a 25MHz spectrum auction to support direct-to-device satellite services.
MY: On the local front, we expect domestic equities to remain selective ahead of Budget 2027 on 9 October, with infrastructure and earnings visibility in focus. HKB could attract interest following a sharp 3QFY26 recovery, with revenue rising 93.4% YoY to RM49.5m and net profit reaching RM3.0m, while its order book has expanded to about RM851m. Meanwhile, JTGROUP offers fresh power infrastructure exposure after securing RM15.7m in TNB contracts for underground cable works and a submarine power cable monitoring system, bringing its unbilled order book to RM1.1bn.
Stocks to watch:
Construction: *HEGROUP*, *ISF*, SORENTO, *UUE*
Technology: *INARI*, MI, *NOTION*
Utility: *RANHILL*, *XPB*
Packaging: L&PBHD
**Source: M+ Global**
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M+ Global Market Wrap - 8Oct26
FBM KLCI: 1,601.01 pts (-10.77pts, -0.67%)
The local bourse closed lower today as intensifying foreign selling pressure and rising global inflation fears dampened investor sentiment. Heavyweights KLK (-56.0 sen) and HLBANK (-40.0 sen) dragged the index down. Market breadth finished negative with 790 losers outpacing 369 gainers. Sector wise, Energy (+0.04%) outperformed, led by HENGYUAN (+26.0 sen) and DIALOG (+1.0 sen), while Technology (-2.05%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.075 (-0.5 sen)
TOPGLOV (7113): RM0.875 (+2.0 sen)
VS (6963): RM0.330 (+0.5 sen)
Top 3 Gainer stocks:
PETGAS (6033): RM17.80 (+54.0 sen)
NESTLE (4707): RM89.44 (+42.0 sen)
CHINTEK (1929): RM10.54 (+26.0 sen)
Top 3 Loser stocks:
MPI (3867): RM43.50 (-170.0 sen)
UTDPLT (2089): RM30.40 (-78.0 sen)
KLK (2445): RM20.54 (-56.0 sen)
Volume: 3.51 bn (100-bar avg vol: 3.54 bn)
Value: RM3.46 bn (100-bar avg val: RM3.11 bn)
Market Breadth: ⬆️369 ⬇️790
Crude Palm Oil: RM4,524 (+RM109, +2.41%)
Dow Futures: 51,043 pts (-406 pts)
**Source: M+Global, Bloomberg **
FBM KLCI: 1,601.01 pts (-10.77pts, -0.67%)
The local bourse closed lower today as intensifying foreign selling pressure and rising global inflation fears dampened investor sentiment. Heavyweights KLK (-56.0 sen) and HLBANK (-40.0 sen) dragged the index down. Market breadth finished negative with 790 losers outpacing 369 gainers. Sector wise, Energy (+0.04%) outperformed, led by HENGYUAN (+26.0 sen) and DIALOG (+1.0 sen), while Technology (-2.05%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.075 (-0.5 sen)
TOPGLOV (7113): RM0.875 (+2.0 sen)
VS (6963): RM0.330 (+0.5 sen)
Top 3 Gainer stocks:
PETGAS (6033): RM17.80 (+54.0 sen)
NESTLE (4707): RM89.44 (+42.0 sen)
CHINTEK (1929): RM10.54 (+26.0 sen)
Top 3 Loser stocks:
MPI (3867): RM43.50 (-170.0 sen)
UTDPLT (2089): RM30.40 (-78.0 sen)
KLK (2445): RM20.54 (-56.0 sen)
Volume: 3.51 bn (100-bar avg vol: 3.54 bn)
Value: RM3.46 bn (100-bar avg val: RM3.11 bn)
Market Breadth: ⬆️369 ⬇️790
Crude Palm Oil: RM4,524 (+RM109, +2.41%)
Dow Futures: 51,043 pts (-406 pts)
**Source: M+Global, Bloomberg **
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M+ Market Buzz - 9Oct26
Dow Jones: 51,231.64 pts (+51.77pts, +0.10%)
⬆️ Resistance: 52800
⬇️ Support: 49900
FBM KLCI: 1,601.01 pts (-10.77pts, -0.67%)
⬆️ Resistance: 1680
⬇️ Support: 1570
HSI Index: 23,785.79 pts (-344.71pts, -1.43%)
⬆️ Resistance: 24900
⬇️ Support: 23300
Crude Palm Oil: RM4,661 (+RM35, +0.75%)
⬆️ Resistance: 4780
⬇️ Support: 4410
Brent Oil: $104.28 (+$4.08, +4.07%)
⬆️ Resistance: 108.10
⬇️ Support: 95.20
Gold: $4,132.50 (+$7.01, +0.17%)
⬆️ Resistance: 4320
⬇️ Support: 3990
Source: Bloomberg, M+Global
Dow Jones: 51,231.64 pts (+51.77pts, +0.10%)
⬆️ Resistance: 52800
⬇️ Support: 49900
FBM KLCI: 1,601.01 pts (-10.77pts, -0.67%)
⬆️ Resistance: 1680
⬇️ Support: 1570
HSI Index: 23,785.79 pts (-344.71pts, -1.43%)
⬆️ Resistance: 24900
⬇️ Support: 23300
Crude Palm Oil: RM4,661 (+RM35, +0.75%)
⬆️ Resistance: 4780
⬇️ Support: 4410
Brent Oil: $104.28 (+$4.08, +4.07%)
⬆️ Resistance: 108.10
⬇️ Support: 95.20
Gold: $4,132.50 (+$7.01, +0.17%)
⬆️ Resistance: 4320
⬇️ Support: 3990
Source: Bloomberg, M+Global
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M+ Global Market Update – 09Oct26
AI Monetisation and Budget 2027 In Focus
US: Investors may scrutinise AI monetisation following reports that OpenAI's annualised revenue reached approximately USD50bn as of September, below the USD70bn reportedly indicated to investors. While differing revenue accounting methods may partly explain the gap, the report could intensify scrutiny over AI investment returns despite OpenAI's recent global GPT-6 rollout. Bitdeer (BTDR) remains in focus after securing offtake commitments covering over 70% of its 21.7MW A201 data centre in Johor, lifting its expected AI Cloud revenue backlog to USD2.9bn, with energisation targeted for 1Q2027.
MY: Budget 2027 takes centre stage today, with investors monitoring measures to support strategic industries and household spending. UWC could attract attention after proposing a placement of up to 5% of its issued shares to raise RM384.1m for manufacturing expansion, working capital and debt repayment, although potential EPS dilution remains a concern. DNeX could benefit from resolving its long-standing dispute with CGP over SilTerra, removing a key legal overhang. Meanwhile, LWSABAH has proposed a RM15m industrial property acquisition in Kota Kinabalu Industrial Park to support expansion. Additionally, 99SMART could benefit from higher SARA and STR allocations under Budget 2027, potentially boosting spending at value retailers.
Stocks to watch:
Technology: *CNERGEN*, *INARI*, *LGMS*, SNS
Construction: *JTGROUP*, SORENTO
O&G: *HIBISCS*, HENGYUAN
Glove: *TOPGLOV*
Solar: VERDANT
Utility: IAB
**Source: M+ Global**
AI Monetisation and Budget 2027 In Focus
US: Investors may scrutinise AI monetisation following reports that OpenAI's annualised revenue reached approximately USD50bn as of September, below the USD70bn reportedly indicated to investors. While differing revenue accounting methods may partly explain the gap, the report could intensify scrutiny over AI investment returns despite OpenAI's recent global GPT-6 rollout. Bitdeer (BTDR) remains in focus after securing offtake commitments covering over 70% of its 21.7MW A201 data centre in Johor, lifting its expected AI Cloud revenue backlog to USD2.9bn, with energisation targeted for 1Q2027.
MY: Budget 2027 takes centre stage today, with investors monitoring measures to support strategic industries and household spending. UWC could attract attention after proposing a placement of up to 5% of its issued shares to raise RM384.1m for manufacturing expansion, working capital and debt repayment, although potential EPS dilution remains a concern. DNeX could benefit from resolving its long-standing dispute with CGP over SilTerra, removing a key legal overhang. Meanwhile, LWSABAH has proposed a RM15m industrial property acquisition in Kota Kinabalu Industrial Park to support expansion. Additionally, 99SMART could benefit from higher SARA and STR allocations under Budget 2027, potentially boosting spending at value retailers.
Stocks to watch:
Technology: *CNERGEN*, *INARI*, *LGMS*, SNS
Construction: *JTGROUP*, SORENTO
O&G: *HIBISCS*, HENGYUAN
Glove: *TOPGLOV*
Solar: VERDANT
Utility: IAB
**Source: M+ Global**
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Good Morning All,
We issued a technical buy call on Insights Analytics Berhad (IAB): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) New water treatment plant subcontract secured
(ii) Commercialization of AI and Digital Twin ecosystem
(iii) Potential Budget 2027 beneficiary
Research Team, M+Global
9 Oct 2026
We issued a technical buy call on Insights Analytics Berhad (IAB): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) New water treatment plant subcontract secured
(ii) Commercialization of AI and Digital Twin ecosystem
(iii) Potential Budget 2027 beneficiary
Research Team, M+Global
9 Oct 2026
👍2
M+ Global Market Wrap - 9Oct26
FBM KLCI: 1,608.45 pts (+7.44pts, +0.46%)
Optimism surrounding the tabling of Budget 2027 lifted the local bourse towards the end of the session as market breadth ended positive with 627 gainers outpacing 450 losers. The index was buoyed by YTLPOWR (+14.0 sen) and PMETAL (+11.0 sen). Sector wise, Construction (+2.30%) outperformed, led by GAMUDA (+14.0 sen) and SUNCON (+21.0 sen), while Health Care (-0.75%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.085 (+1.0 sen)
DNEX (4456): RM0.520 (-0.5 sen)
VS (6963): RM0.345 (+1.5 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM90.16 (+72.0 sen)
MI (5286): RM6.78 (+70.0 sen)
MPI (3867): RM44.08 (+58.0 sen)
Top 3 Loser stocks:
PETGAS (6033): RM17.12 (-68.0 sen)
HLFG (1082): RM17.30 (-56.0 sen)
F&N (3689): RM20.34 (-30.0 sen)
Volume: 3.33 bn (100-bar avg vol: 3.54 bn)
Value: RM2.90 bn (100-bar avg val: RM3.11 bn)
Market Breadth: ⬆️627 ⬇️450
Crude Palm Oil: RM4,661 (-RM23, -0.49%)
Dow Futures: 51,585 pts (+92 pts)
**Source: M+Global, Bloomberg **
FBM KLCI: 1,608.45 pts (+7.44pts, +0.46%)
Optimism surrounding the tabling of Budget 2027 lifted the local bourse towards the end of the session as market breadth ended positive with 627 gainers outpacing 450 losers. The index was buoyed by YTLPOWR (+14.0 sen) and PMETAL (+11.0 sen). Sector wise, Construction (+2.30%) outperformed, led by GAMUDA (+14.0 sen) and SUNCON (+21.0 sen), while Health Care (-0.75%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.085 (+1.0 sen)
DNEX (4456): RM0.520 (-0.5 sen)
VS (6963): RM0.345 (+1.5 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM90.16 (+72.0 sen)
MI (5286): RM6.78 (+70.0 sen)
MPI (3867): RM44.08 (+58.0 sen)
Top 3 Loser stocks:
PETGAS (6033): RM17.12 (-68.0 sen)
HLFG (1082): RM17.30 (-56.0 sen)
F&N (3689): RM20.34 (-30.0 sen)
Volume: 3.33 bn (100-bar avg vol: 3.54 bn)
Value: RM2.90 bn (100-bar avg val: RM3.11 bn)
Market Breadth: ⬆️627 ⬇️450
Crude Palm Oil: RM4,661 (-RM23, -0.49%)
Dow Futures: 51,585 pts (+92 pts)
**Source: M+Global, Bloomberg **
Good Evening All,
Following TP TEC Holding Bhd’s analyst briefing, here is our quick take for investors:
📈 Investment Highlights
📌 Who is TP TEC? TP TEC was established in 2009. It designs, develops, owns and manages specialised power solutions for the telecommunications industry and other markets across Malaysia. Its offerings include diesel generators, battery energy storage systems (BESS), solar hybrid systems and microgrids. These are supported by its remote monitoring system (RMS) and energy management system (EMS).
📌 Leasing model, recurring income. Customers rent its generators on short-term or long-term contracts. Rentals come bundled with installation, 24/7 monitoring and maintenance. Power generator rental made up 93% of 1H26 revenue. The rest came from trading of filtration products and starter batteries (6%) and light machinery rental (1%).
📌 Blue-chip customer base. Its customers include all major telcos in Malaysia, as well as construction and logistics players. Telco customers rose to 36 from 30, with RM171m of rental contracts secured.
📌 Strong 1H26 growth. Revenue rose 33% YoY to RM37.27m and PAT rose 49.34% to RM4.51m. PAT margin improved to 12.10% from 10.77%. BESS units rose to 508 from 46 as customers adopted lower-fuel hybrid systems.
💡 M+ Global View
📌 TP TEC’s owned fleet, sticky telco base and RMS-backed service model underpin recurring income. Its move into hybrid power also positions it for customers’ ESG and carbon-reduction needs.
📌 Key growth drivers include: (i) ongoing telco infrastructure investment, including the Jendela programme, (ii) rising adoption of hybrid power systems, and (iii) island microgrids, where it has secured its first contract with BuBu Resort on Perhentian Island.
Research Team, M+ Global
9 Oct 2026
Following TP TEC Holding Bhd’s analyst briefing, here is our quick take for investors:
📈 Investment Highlights
📌 Who is TP TEC? TP TEC was established in 2009. It designs, develops, owns and manages specialised power solutions for the telecommunications industry and other markets across Malaysia. Its offerings include diesel generators, battery energy storage systems (BESS), solar hybrid systems and microgrids. These are supported by its remote monitoring system (RMS) and energy management system (EMS).
📌 Leasing model, recurring income. Customers rent its generators on short-term or long-term contracts. Rentals come bundled with installation, 24/7 monitoring and maintenance. Power generator rental made up 93% of 1H26 revenue. The rest came from trading of filtration products and starter batteries (6%) and light machinery rental (1%).
📌 Blue-chip customer base. Its customers include all major telcos in Malaysia, as well as construction and logistics players. Telco customers rose to 36 from 30, with RM171m of rental contracts secured.
📌 Strong 1H26 growth. Revenue rose 33% YoY to RM37.27m and PAT rose 49.34% to RM4.51m. PAT margin improved to 12.10% from 10.77%. BESS units rose to 508 from 46 as customers adopted lower-fuel hybrid systems.
💡 M+ Global View
📌 TP TEC’s owned fleet, sticky telco base and RMS-backed service model underpin recurring income. Its move into hybrid power also positions it for customers’ ESG and carbon-reduction needs.
📌 Key growth drivers include: (i) ongoing telco infrastructure investment, including the Jendela programme, (ii) rising adoption of hybrid power systems, and (iii) island microgrids, where it has secured its first contract with BuBu Resort on Perhentian Island.
Research Team, M+ Global
9 Oct 2026
Good morning all, we issued a report on M+Global Market Chat | Budget 2027 - Positioning for the Growth Cycle
🇲🇾 Budget 2027 Highlights
• Budget set at RM459.8bn, with development expenditure of RM83bn and fiscal deficit narrowing to 3.3% of GDP.
• GDP growth projected at 4.2–5.2% in 2027, while STR/SARA assistance rises to RM16bn.
• RM25bn in GLIC investments, including RM1.2bn for semiconductors, alongside RM6bn for R&D.
• Infrastructure remains a priority, with RM18.7bn/RM16.2bn allocated to Sabah/Sarawak and TNB's RM15bn grid investment.
📈 M+Global View
We favour Utilities, Construction, Renewable Energy and Consumer as key beneficiaries, supported by infrastructure spending, energy transition and stronger household assistance.
Technology, Healthcare and Property remain selectively positive, while the RM2,000 minimum wage from June 2027 could pressure labour-intensive businesses.
🎯 Preferred Budget 2027 Beneficiaries
• Grid Infrastructure: EITA, MNHLDG, PWRWELL, SCGBHD
• Renewable Energy: IAB, KJTS, NORTHERN, SAMAIDEN, SLVEST
• Construction: AWC, GAMUDA, HKB, SUNCON
• Consumer: 99SMART, ECOSHOP, SPRITZER
• Technology: LGMS, OPPSTAR, SKYECHIP, STRATUS
• Healthcare: KPJ, PMCK, SUNMED
• Property: INTA, LAGENDA, LBS, SSB8
📊 Market Outlook
We see scope for a year-end FBM KLCI recovery following the recent market correction. Budget catalysts, potential index-related fund flows and favourable year-end seasonality could support selective buying, particularly if US Treasury yields stabilise.
Our 4Q26 stock picks remain relevant, with continued emphasis on infrastructure, power-related projects, data centres and semiconductor automation.
📄 Full Report: Your Trusted Guide To Global Trading | Malacca Securities
🇲🇾 Budget 2027 Highlights
• Budget set at RM459.8bn, with development expenditure of RM83bn and fiscal deficit narrowing to 3.3% of GDP.
• GDP growth projected at 4.2–5.2% in 2027, while STR/SARA assistance rises to RM16bn.
• RM25bn in GLIC investments, including RM1.2bn for semiconductors, alongside RM6bn for R&D.
• Infrastructure remains a priority, with RM18.7bn/RM16.2bn allocated to Sabah/Sarawak and TNB's RM15bn grid investment.
📈 M+Global View
We favour Utilities, Construction, Renewable Energy and Consumer as key beneficiaries, supported by infrastructure spending, energy transition and stronger household assistance.
Technology, Healthcare and Property remain selectively positive, while the RM2,000 minimum wage from June 2027 could pressure labour-intensive businesses.
🎯 Preferred Budget 2027 Beneficiaries
• Grid Infrastructure: EITA, MNHLDG, PWRWELL, SCGBHD
• Renewable Energy: IAB, KJTS, NORTHERN, SAMAIDEN, SLVEST
• Construction: AWC, GAMUDA, HKB, SUNCON
• Consumer: 99SMART, ECOSHOP, SPRITZER
• Technology: LGMS, OPPSTAR, SKYECHIP, STRATUS
• Healthcare: KPJ, PMCK, SUNMED
• Property: INTA, LAGENDA, LBS, SSB8
📊 Market Outlook
We see scope for a year-end FBM KLCI recovery following the recent market correction. Budget catalysts, potential index-related fund flows and favourable year-end seasonality could support selective buying, particularly if US Treasury yields stabilise.
Our 4Q26 stock picks remain relevant, with continued emphasis on infrastructure, power-related projects, data centres and semiconductor automation.
📄 Full Report: Your Trusted Guide To Global Trading | Malacca Securities
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M+ Market Buzz - 12Oct26
Dow Jones: 51,654.95 pts (+423.31pts, +0.83%)
⬆️ Resistance: 52900
⬇️ Support: 49900
FBM KLCI: 1,608.45 pts (+7.44pts, +0.46%)
⬆️ Resistance: 1680
⬇️ Support: 1570
HSI Index: 24,211.35 pts (+425.56pts, +1.79%)
⬆️ Resistance: 24900
⬇️ Support: 23300
Crude Palm Oil: RM4,592 (-RM69, -1.48%)
⬆️ Resistance: 4860
⬇️ Support: 4420
Brent Oil: $104.72 (+$0.69, +0.66%)
⬆️ Resistance: 108.10
⬇️ Support: 95.20
Gold: $4,194.24 (-$0.41, -0.01%)
⬆️ Resistance: 4300
⬇️ Support: 3990
Source: Bloomberg, M+Global
Dow Jones: 51,654.95 pts (+423.31pts, +0.83%)
⬆️ Resistance: 52900
⬇️ Support: 49900
FBM KLCI: 1,608.45 pts (+7.44pts, +0.46%)
⬆️ Resistance: 1680
⬇️ Support: 1570
HSI Index: 24,211.35 pts (+425.56pts, +1.79%)
⬆️ Resistance: 24900
⬇️ Support: 23300
Crude Palm Oil: RM4,592 (-RM69, -1.48%)
⬆️ Resistance: 4860
⬇️ Support: 4420
Brent Oil: $104.72 (+$0.69, +0.66%)
⬆️ Resistance: 108.10
⬇️ Support: 95.20
Gold: $4,194.24 (-$0.41, -0.01%)
⬆️ Resistance: 4300
⬇️ Support: 3990
Source: Bloomberg, M+Global
M+ Global Market Update – 12Oct26
Markets Brace For CPI and Bank Earnings
US: With the S&P 500 near record highs following a 1.2% weekly gain, we expect Wall Street to trade cautiously ahead of Wednesday's September CPI release. Hotter inflation could revive rate-hike expectations at the October FOMC meeting, while major US banks kick off 3Q26 earnings season. Stock-wise, we favour Amazon (AMZN), supported by positive channel checks following Prime Big Deal Days and its USD220bn 2026 CapEx outlook for AI data centre expansion. This could also benefit Flex (FLEX), whose Axiom data centre power unit reportedly secured a USD2bn pre-spin investment at a USD37.5bn valuation. Traders may also consider Cisco (CSCO), supported by 17.6% revenue growth in 4QFY26 and its agentic AI rollout.
MY: We see limited risk of significant post-Budget 2027 profit-taking, as the FBMKLCI has already corrected over the past month amid surging US Treasury yields and uncertainty surrounding its potential expansion to 50 constituents. Post-Budget, we continue to favour Utilities, with TNB's RM15bn grid investment supporting transmission and distribution infrastructure, benefiting MNHLDG, SCGBHD and PWRWELL. Meanwhile, the RM2.5bn National NRW Reduction Programme, targeting 1,900km of ageing pipes, could benefit IAB. Lastly, higher STR and SARA allocations of RM16bn (2026: RM15bn) should bode well for 99SMART.
Stocks to watch:
Construction: *GAMUDA*, IAB, *ISF*, *SORENTO*, UUE
Technology: 3REN, *MI*, PENTA, *SKPRES*
Consumer: *99SMART*, PADINI
Packaging: *L&PBHD*
**Source: M+ Global**
Markets Brace For CPI and Bank Earnings
US: With the S&P 500 near record highs following a 1.2% weekly gain, we expect Wall Street to trade cautiously ahead of Wednesday's September CPI release. Hotter inflation could revive rate-hike expectations at the October FOMC meeting, while major US banks kick off 3Q26 earnings season. Stock-wise, we favour Amazon (AMZN), supported by positive channel checks following Prime Big Deal Days and its USD220bn 2026 CapEx outlook for AI data centre expansion. This could also benefit Flex (FLEX), whose Axiom data centre power unit reportedly secured a USD2bn pre-spin investment at a USD37.5bn valuation. Traders may also consider Cisco (CSCO), supported by 17.6% revenue growth in 4QFY26 and its agentic AI rollout.
MY: We see limited risk of significant post-Budget 2027 profit-taking, as the FBMKLCI has already corrected over the past month amid surging US Treasury yields and uncertainty surrounding its potential expansion to 50 constituents. Post-Budget, we continue to favour Utilities, with TNB's RM15bn grid investment supporting transmission and distribution infrastructure, benefiting MNHLDG, SCGBHD and PWRWELL. Meanwhile, the RM2.5bn National NRW Reduction Programme, targeting 1,900km of ageing pipes, could benefit IAB. Lastly, higher STR and SARA allocations of RM16bn (2026: RM15bn) should bode well for 99SMART.
Stocks to watch:
Construction: *GAMUDA*, IAB, *ISF*, *SORENTO*, UUE
Technology: 3REN, *MI*, PENTA, *SKPRES*
Consumer: *99SMART*, PADINI
Packaging: *L&PBHD*
**Source: M+ Global**
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M+ Global Market Update – 12Oct26
Markets Brace For CPI and Bank Earnings
US: With the S&P 500 near record highs following a 1.2% weekly gain, we expect Wall Street to trade cautiously ahead of Wednesday's September CPI release. Hotter inflation could revive rate-hike expectations at the October FOMC meeting, while major US banks kick off 3Q26 earnings season. Stock-wise, we favour Amazon (AMZN), supported by positive channel checks following Prime Big Deal Days and its USD220bn 2026 CapEx outlook for AI data centre expansion. This could also benefit Flex (FLEX), whose Axiom data centre power unit reportedly secured a USD2bn pre-spin investment at a USD37.5bn valuation. Traders may also consider Cisco (CSCO), supported by 17.6% revenue growth in 4QFY26 and its agentic AI rollout.
MY: We see limited risk of significant post-Budget 2027 profit-taking, as the FBMKLCI has already corrected over the past month amid surging US Treasury yields and uncertainty surrounding its potential expansion to 50 constituents. Post-Budget, we continue to favour Utilities, with TNB's RM15bn grid investment supporting transmission and distribution infrastructure, benefiting MNHLDG, SCGBHD and PWRWELL. Meanwhile, the RM2.5bn National NRW Reduction Programme, targeting 1,900km of ageing pipes, could benefit IAB. Lastly, higher STR and SARA allocations of RM16bn (2026: RM15bn) should bode well for 99SMART.
Stocks to watch:
Construction: *GAMUDA*, IAB, *ISF*, *SORENTO*, UUE
Technology: 3REN, *MI*, PENTA, *SKPRES*
Consumer: *99SMART*, PADINI
Packaging: *L&PBHD*
**Source: M+ Global**
Markets Brace For CPI and Bank Earnings
US: With the S&P 500 near record highs following a 1.2% weekly gain, we expect Wall Street to trade cautiously ahead of Wednesday's September CPI release. Hotter inflation could revive rate-hike expectations at the October FOMC meeting, while major US banks kick off 3Q26 earnings season. Stock-wise, we favour Amazon (AMZN), supported by positive channel checks following Prime Big Deal Days and its USD220bn 2026 CapEx outlook for AI data centre expansion. This could also benefit Flex (FLEX), whose Axiom data centre power unit reportedly secured a USD2bn pre-spin investment at a USD37.5bn valuation. Traders may also consider Cisco (CSCO), supported by 17.6% revenue growth in 4QFY26 and its agentic AI rollout.
MY: We see limited risk of significant post-Budget 2027 profit-taking, as the FBMKLCI has already corrected over the past month amid surging US Treasury yields and uncertainty surrounding its potential expansion to 50 constituents. Post-Budget, we continue to favour Utilities, with TNB's RM15bn grid investment supporting transmission and distribution infrastructure, benefiting MNHLDG, SCGBHD and PWRWELL. Meanwhile, the RM2.5bn National NRW Reduction Programme, targeting 1,900km of ageing pipes, could benefit IAB. Lastly, higher STR and SARA allocations of RM16bn (2026: RM15bn) should bode well for 99SMART.
Stocks to watch:
Construction: *GAMUDA*, IAB, *ISF*, *SORENTO*, UUE
Technology: 3REN, *MI*, PENTA, *SKPRES*
Consumer: *99SMART*, PADINI
Packaging: *L&PBHD*
**Source: M+ Global**
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M+ Global Market Wrap - 12Oct26
FBM KLCI: 1,618.01 pts (+9.56pts, +0.59%)
Amid heightened concerns over escalating Middle East conflict following a deadly Houthi airport strike, the local bourse traded on a cautious note as market breadth was negative with 778 losers outpacing 344 gainers. The index was however resilient as gains in MISC (+47.0 sen) and PBBANK (+9.0 sen) cushioned the downside. Sector wise, Financials (+0.92%) outperformed, led by PBBANK (+9.0 sen) and MAYBANK (+14.0 sen), while Health Care (-2.40%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.075 (-1.0 sen)
VS (6963): RM0.325 (-2.0 sen)
GENTING (3182): RM1.45 (-43.0 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM91.10 (+94.0 sen)
MISC (3816): RM8.06 (+47.0 sen)
MI (5286): RM7.02 (+24.0 sen)
Top 3 Loser stocks:
MPI (3867): RM43.02 (-106.0 sen)
UTDPLT (2089): RM30.22 (-48.0 sen)
GENTING (3182): RM1.45 (-43.0 sen)
Volume: 3.36 bn (100-bar avg vol: 3.53 bn)
Value: RM2.91 bn (100-bar avg val: RM3.10 bn)
Market Breadth: ⬆️627 ⬇️450
Crude Palm Oil: RM4,592 (+RM54, +1.18%)
Dow Futures: 51,944 pts (+18 pts)
**Source: M+Global, Bloomberg **
FBM KLCI: 1,618.01 pts (+9.56pts, +0.59%)
Amid heightened concerns over escalating Middle East conflict following a deadly Houthi airport strike, the local bourse traded on a cautious note as market breadth was negative with 778 losers outpacing 344 gainers. The index was however resilient as gains in MISC (+47.0 sen) and PBBANK (+9.0 sen) cushioned the downside. Sector wise, Financials (+0.92%) outperformed, led by PBBANK (+9.0 sen) and MAYBANK (+14.0 sen), while Health Care (-2.40%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.075 (-1.0 sen)
VS (6963): RM0.325 (-2.0 sen)
GENTING (3182): RM1.45 (-43.0 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM91.10 (+94.0 sen)
MISC (3816): RM8.06 (+47.0 sen)
MI (5286): RM7.02 (+24.0 sen)
Top 3 Loser stocks:
MPI (3867): RM43.02 (-106.0 sen)
UTDPLT (2089): RM30.22 (-48.0 sen)
GENTING (3182): RM1.45 (-43.0 sen)
Volume: 3.36 bn (100-bar avg vol: 3.53 bn)
Value: RM2.91 bn (100-bar avg val: RM3.10 bn)
Market Breadth: ⬆️627 ⬇️450
Crude Palm Oil: RM4,592 (+RM54, +1.18%)
Dow Futures: 51,944 pts (+18 pts)
**Source: M+Global, Bloomberg **
M+ Market Buzz - 13Oct26
Dow Jones: 51,850.55 pts (+195.60pts, +0.38%)
⬆️ Resistance: 53000
⬇️ Support: 49900
FBM KLCI: 1,618.01 pts (+9.56pts, +0.59%)
⬆️ Resistance: 1680
⬇️ Support: 1570
HSI Index: 24,271.20 pts (+59.85pts, +0.25%)
⬆️ Resistance: 25000
⬇️ Support: 23300
Crude Palm Oil: RM4,637 (-RM8, -0.17%)
⬆️ Resistance: 4860
⬇️ Support: 4420
Brent Oil: $106.65 (+$1.93, +1.84%)
⬆️ Resistance: 109.50
⬇️ Support: 95.20
Gold: $4,172.23 (-$2.37, -0.06%)
⬆️ Resistance: 4310
⬇️ Support: 3990
Source: Bloomberg, M+Global
Dow Jones: 51,850.55 pts (+195.60pts, +0.38%)
⬆️ Resistance: 53000
⬇️ Support: 49900
FBM KLCI: 1,618.01 pts (+9.56pts, +0.59%)
⬆️ Resistance: 1680
⬇️ Support: 1570
HSI Index: 24,271.20 pts (+59.85pts, +0.25%)
⬆️ Resistance: 25000
⬇️ Support: 23300
Crude Palm Oil: RM4,637 (-RM8, -0.17%)
⬆️ Resistance: 4860
⬇️ Support: 4420
Brent Oil: $106.65 (+$1.93, +1.84%)
⬆️ Resistance: 109.50
⬇️ Support: 95.20
Gold: $4,172.23 (-$2.37, -0.06%)
⬆️ Resistance: 4310
⬇️ Support: 3990
Source: Bloomberg, M+Global
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M+ Global Market Update – 13Oct26
Wall Street Turns To Big-Bank Earnings
US: With 10-year Treasury yields elevated near 5.25% and Brent crude above USD106/bbl amid Middle East tensions, we expect Wall Street to trade cautiously as JPMorgan (JPM), Goldman Sachs (GS) and Citigroup (C) kick off 3Q26 earnings season today. We favour Alphabet (GOOG), backed by positive analyst views following its Gemini Agent enterprise launch and a 98% reduction in token costs since 2024. Arista Networks (ANET) could benefit from AI networking demand following its open Ethernet rack-scale launch with major tech players. Lastly, traders could consider TD SYNNEX (SNX) following its 3QFY26 EPS beat and stronger guidance.
MY: Given ongoing geopolitical uncertainty and rebounding oil prices, we expect cautious sentiment to spill over into the local bourse, with investors remaining selective towards post-Budget 2027 beneficiaries. Meanwhile, we are positive on IJM securing a RM1.23bn contract to build a high-tech microchip manufacturing facility for AT&S in Kulim Hi-Tech Park, lifting its outstanding order book to RM10.6bn, equivalent to approximately 1.5x FY26 revenue. Lastly, we also favour MNHLDG following its RM293.9m contract win to develop data centre power facilities, while TNB's RM15bn grid investment should continue to benefit companies involved in transmission and distribution infrastructure.
Stocks to watch:
Construction: *CBHB*, GAMUDA, *JTGROUP*
Finance: CIMB, *MAYBANK*
Healthcare: *SUNMED*
Utility: *TENAGA*
Technology: *D&O*
**Source: M+ Global**
Wall Street Turns To Big-Bank Earnings
US: With 10-year Treasury yields elevated near 5.25% and Brent crude above USD106/bbl amid Middle East tensions, we expect Wall Street to trade cautiously as JPMorgan (JPM), Goldman Sachs (GS) and Citigroup (C) kick off 3Q26 earnings season today. We favour Alphabet (GOOG), backed by positive analyst views following its Gemini Agent enterprise launch and a 98% reduction in token costs since 2024. Arista Networks (ANET) could benefit from AI networking demand following its open Ethernet rack-scale launch with major tech players. Lastly, traders could consider TD SYNNEX (SNX) following its 3QFY26 EPS beat and stronger guidance.
MY: Given ongoing geopolitical uncertainty and rebounding oil prices, we expect cautious sentiment to spill over into the local bourse, with investors remaining selective towards post-Budget 2027 beneficiaries. Meanwhile, we are positive on IJM securing a RM1.23bn contract to build a high-tech microchip manufacturing facility for AT&S in Kulim Hi-Tech Park, lifting its outstanding order book to RM10.6bn, equivalent to approximately 1.5x FY26 revenue. Lastly, we also favour MNHLDG following its RM293.9m contract win to develop data centre power facilities, while TNB's RM15bn grid investment should continue to benefit companies involved in transmission and distribution infrastructure.
Stocks to watch:
Construction: *CBHB*, GAMUDA, *JTGROUP*
Finance: CIMB, *MAYBANK*
Healthcare: *SUNMED*
Utility: *TENAGA*
Technology: *D&O*
**Source: M+ Global**
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Good afternoon all,
After attending SRKK AI's Digital Transformation Conference, here are our key takeaways on its latest enterprise solution launched OnePrism.
OnePrism is an enterprise-grade ecosystem of next-generation AI and data solutions designed to help organizations streamline their complex business processes so that they can operate more intelligently, efficiently and transparently.
One Prism ecosystem consists of four core segments, namely:
(i) OnePrism TalentSift: An AI-powered voice screening and interview intelligence platform built on Microsoft Azure and Microsoft Foundry. It automates first-round candidate screening using conversational AI and natural language evaluations to speed up talent acquisition.
(ii) OnePrism ESG: An agentic analytics platform built on Microsoft Fabric. It allows business teams to ask questions in plain language and immediately receive analyst-grade answers, structured documents, and live data dashboards.
(iii) OnePrism ESG: A connected sustainability data management platform. It automates ESG (Environmental, Social, and Governance) data collection and reporting, ensuring metrics are fully traceable from their original source to final regulatory disclosure.
(iv) OnePrism Recon: An intelligent automated data-matching platform built for finance teams. It learns specific corporate matching rules, proposes solutions for complex invoices or milestone receipts, and posts approved details directly into an organization's ERP system so teams only have to review exceptions.
📈 M+Global View: While the bulk of SRKKAI's business relies on a robust set of IT infrastructure and managed services, cloud, data analytics, and the sale and rental of IT hardware and software products, OnePrism will serve as its flagship proprietary AI suite. This is expected to gradually contribute toward higher revenue and margin for the Group over the next three years.
Assuming a higher core PAT of RM12m in FY27 (from RM9.3m) following the introduction of OnePrism, this would translate to a higher fair value of 70 sen (from 54 sen), based on a P/E ratio of 16.5x.
M+Global Research Team
13Oct26
After attending SRKK AI's Digital Transformation Conference, here are our key takeaways on its latest enterprise solution launched OnePrism.
OnePrism is an enterprise-grade ecosystem of next-generation AI and data solutions designed to help organizations streamline their complex business processes so that they can operate more intelligently, efficiently and transparently.
One Prism ecosystem consists of four core segments, namely:
(i) OnePrism TalentSift: An AI-powered voice screening and interview intelligence platform built on Microsoft Azure and Microsoft Foundry. It automates first-round candidate screening using conversational AI and natural language evaluations to speed up talent acquisition.
(ii) OnePrism ESG: An agentic analytics platform built on Microsoft Fabric. It allows business teams to ask questions in plain language and immediately receive analyst-grade answers, structured documents, and live data dashboards.
(iii) OnePrism ESG: A connected sustainability data management platform. It automates ESG (Environmental, Social, and Governance) data collection and reporting, ensuring metrics are fully traceable from their original source to final regulatory disclosure.
(iv) OnePrism Recon: An intelligent automated data-matching platform built for finance teams. It learns specific corporate matching rules, proposes solutions for complex invoices or milestone receipts, and posts approved details directly into an organization's ERP system so teams only have to review exceptions.
📈 M+Global View: While the bulk of SRKKAI's business relies on a robust set of IT infrastructure and managed services, cloud, data analytics, and the sale and rental of IT hardware and software products, OnePrism will serve as its flagship proprietary AI suite. This is expected to gradually contribute toward higher revenue and margin for the Group over the next three years.
Assuming a higher core PAT of RM12m in FY27 (from RM9.3m) following the introduction of OnePrism, this would translate to a higher fair value of 70 sen (from 54 sen), based on a P/E ratio of 16.5x.
M+Global Research Team
13Oct26