Market Highlights: Bargain-hunting activity is expected to continue

The FBM KLCI closed higher after a week of significant foreign outflows. Despite this, market sentiment remains cautious due to concerns over chip limitations and their impact on the local construction sector, particularly the Data Centre segment.

Bargain-hunting activity is expected to continue as recent selling pressure appears to be overdone. The index is anticipated to trade within the 1,570–1,580 range.

Investment Idea: KOPI (0338)

• Recommendation: BUY

• Fair Value: RM0.72, derived from a PER of 18x (regional consumer food and F&B retail sector average) applied to FY9/26 EPS.

Technical View: RAMSSOL (0236)

• Resistance Levels: RM0.815 (R1), RM0.875 (R2)

• Support Levels: RM0.72 (S1), RM0.685 (S2)

Staff Writer

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