
KLCI expected to extend bargain hunting as valuations remain attractive
Bargain hunting is expected to continue on Bursa Malaysia as easing Middle East tensions and attractive valuations support selective stock picking.

Bargain hunting is expected to continue on Bursa Malaysia as easing Middle East tensions and attractive valuations support selective stock picking.

Global equities traded mixed as rising US Treasury yields and higher-for-longer rate expectations offset resilience in technology and AI-related stocks.

The FBM KLCI fell 0.55% as persistent foreign selling, elevated US Treasury yields and expectations of further rate tightening weighed on sentiment.

The FBM KLCI fell 1.11% to 1,679.21 as broad selling pressure returned ahead of the US Federal Reserve rate decision.

Analysts maintain Neutral on KLK with a higher SOP-based TP of RM23.86. No dividend was declared for the quarter

Global markets edge higher as investors await Nvidia earnings, US economic data and Jackson Hole guidance amid persistent trade uncertainties.

Malaysia’s inflation eased to 1.8% in July as transport costs moderated, but food, producer prices and supply risks keep the inflation outlook tilted upward.

Index closed at 1,725.89, above longer averages but weak near-term. Break below 1,720 risks deeper pullback toward 1,700 support.

Immediate environment stays cautious, not bearish. Investors favour selective stock-picking in defensives, construction and tech while watching external risks closely.

We anticipate Malaysia’s economy to grow by +5.9%yoy in 2QCY26, slightly above the +5.8% advance estimate. Domestic demand should remain an important growth anchor,…

Malaysia Smelting Corporation Bhd (MSC) reported a more than two-fold YoY increase in 2QFY26 net profit to RM34.0m, mainly driven by higher average tin…

Sunway REIT’s (SREIT) 2QFY26 realised net profit came in at RM106.5m (+10.3% YoY, -2.3% QoQ) which was slightly ahead of our estimates but largely…

Kerjaya Prospek Group (KPGB), through its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd, has accepted a RM223m fixed lump sum contract from Sunway Majestic…

For Malaysia, higher oil prices offer support to Energy and selected Utilities counters but could also raise inflationary pressures

Wall Street ended mixed while US headline inflation is rising. The Dow Jones slipped 0.04%, while the S&P 500 rose 0.26% and Nasdaq gained…

The KLCI may retain a mild upward bias, supported by domestic resilience and selective buying despite oil prices and geopolitical risks.