Analyst Report
SP Setia: A Slow Quarter
SP Setia secured pre-sales of RM555m, comprising RM500m (90%) from domestic development and RM55m (10%) from international development in 1QFY26
Category: Analyst Report
Business News
MGB: Good Start (MLG MK, Outperform, TP: RM0.78)
MGB reported a net profit increase of RM14.1m in 1QFY26, with a strong outlook supported by substantial orderbook and unbilled sales.
Analyst Report
Bus Cap: In The Fast Lane For Growth (BUSCAP MK, FV: RM0.28)
“We derive a fair value of RM0.28 by ascribing a c.8x PER to FY27F EPS.”
Airlines
AirAsia X: Navigating Turbulence (AAX MK, Neutral, TP: RM1.29)
Analysts downgrade call to Neutral with lower target price of RM1.29 (from RM1.85), based on 7x our estimated FY27F EPS.
Analyst Report
Mi Technovation: Eyeing a Decent Start (MI MK, Outperform, TP: RM5.05)
Maintain Outperformwith a higher TP of RM5.05 based on 33x FY27 EPS after rolling over valuations to FY27 EPS.
Analyst Report
Gamuda Wins Major Kaohsiung MRT Project (GAM MK, Outperform, TP: RM5.60)
Key risks in the Kaohsiung MRT Project such as labour shortages and fuel price fluctuations are partly mitigated by a price variation mechanism
Analyst Report
Life Water Bhd: Price Hike Cushion on Resin Inventories
The move to raise Life Water’s NHS’s is driven mainly by ASP increases that offset a rising input cost environment.
Analyst Report
FBM KLCI Slips Amid Selective Buying as AI Rally Supports Tech Stocks
Bursa Malaysia closed lower as investors stayed selective, while global AI optimism continued supporting technology and semiconductor-related counters.
Analyst Report
Deal Rejection Clouds KLCI Recovery Momentum
The near-term outlook has turned more cautious after President Trump dismissed Iran's response to a US 14-point memorandum of understanding as "totally unacceptable,"
oil and gas
Frontken Posts Strong 1QFY26 on Malaysia O&G Surge, Maintains BUY
Frontken posts RM38.9m profit, driven by Malaysia O&G surge and Taiwan semicon demand; TP raised to RM5.71, BUY maintained.
Analyst Report
Market sees improving investor sentiment
KLCI’s breakout above its symmetrical triangle formation signals further upside towards 1,777 as market sentiment improves
Analyst Report
Stock Market: Intermittent correction may emerge
Nonetheless, it is highly expected that an intermittent correction may emerge anytime soon
Analyst Report
Foreign Funds Reverse Regional Buying Trend
Regional foreign funds turned cautious despite April inflows, while higher oil prices and currency movements influenced market sentiment.
Analyst Report
Benchmark to trade within the 1,725–1,740
We expect the benchmark to trade within the 1,725–1,740 range today.
oil and gas
MISC Upgraded to Buy, Sees 22% Upside
AmBank upgrades MISC to Buy, raises TP to RM9.40, citing stronger tanker rates, resilient contracts, and attractive dividend yield.
Stocks and Markets
RGB International – Possible For Sideways Breakout
RGB International may break its sideways channel, with potential price increases if key resistance is surpassed.