KUALA LUMPUR: The FBM KLCI ended last week on a muted note, closing flat at 1,578 as subdued buying interest capped gains. However, analysts expect the benchmark index to play catch-up today, in line with strong regional performance last Friday, and anticipate the KLCI to trade within the 1,580–1,595 range.
From a technical perspective, Samaiden Group Bhd (0223) is being closely watched, with resistance levels pegged at RM1.25 (R1) and RM1.30 (R2), while support is identified at RM1.18 (S1) and RM1.14 (S2).
Regional Gains
On the US front, Baker Hughes Co (BKR) is recommended as a technical play with a potential 13.9% upside, supported by positive indicators. Resistance is seen at USD46.70 (R1) and USD49.20 (R2), while support lies at USD45.60 (S1) and USD43.70 (S2).
Meanwhile, new investment ideas include Nadi Cergas Bhd (0206) with a buy call and target price of RM0.57 based on sum-of-parts (SOP) valuation, and XOX Networks Bhd (0370) with a fair value of RM0.32, premised on a 15x PER multiple on FY26F EPS.
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