Business News
KLCI Faces Cautious Open as Oil Surge and US-Iran Tensions Weigh
The FBM KLCI faces a cautious open after broad-based selling, with renewed US-Iran tensions, surging oil prices and weaker technical momentum clouding sentiment.
Category: FBM KLCI
Stocks and Markets
IGB: Beat Expectations (IGBB MK, Neutral, TP: RM2.60)
IGB Berhad's 2QFY26 net profit reached RM146.7m, driven by one-off land disposals, significantly exceeding expectations.
Stocks and Markets
Greatech Technology: Expecting a Strong Catch-Up in 2H (GREATEC MK, Neutral, TP: RM2.50)
Greatech Technology's 1HFY26 core profit dropped 34.2% to RM54.6 million, missing expectations despite strong future orders.
Stocks and Markets
Malaysia Market Focus – KLCI Eyes Gains on Tech and Merdeka Optimism
KLCI seen higher on tech momentum and Merdeka optimism, with selective buying expected amid earnings season and firmer plantation prices.
Bursa Malaysia
KLCI eyes Merdeka momentum
FBM KLCI gains 0.70% as pre-Merdeka buying, technology strength and positive momentum support sentiment ahead of key resistance levels.
Analyst Report
KLK Removing the Synthomer Overhang (KLK MK, Neutral, TP: RM23.86)
Analysts maintain Neutral on KLK with a higher SOP-based TP of RM23.86. No dividend was declared for the quarter
Bursa Malaysia
FBM KLCI Likely To Remain Selective
FBM KLCI remains cautious but mildly positive, with earnings season and key technical levels likely to guide investor sentiment.
Stocks and Markets
CC International 1H26 Pre-Tax Profit Rises 20.6% to RM5.54 Million
CC International Berhad's revenue rose 11.0% to RM26.59 million, with a 20.8% PBT margin increase.
Stocks and Markets
Stock Market: Index to hover between 1,730-1,740
FBMKLCI remains flat; experts expect it to range between 1,730-1,740 amidst foreign outflows.
Business News
Local resilience supports KLCI amid negative market breath
The FBM KLCI rose 0.31% despite mixed market performance, influenced by global uncertainties, while sector gains varied significantly.
Stocks and Markets
KLCI Faces Resistance Near 1,750 Level
Index closed at 1,725.89, above longer averages but weak near-term. Break below 1,720 risks deeper pullback toward 1,700 support.
Business News
KLCI Outlook Cautious Amid Geopolitical Risks
Immediate environment stays cautious, not bearish. Investors favour selective stock-picking in defensives, construction and tech while watching external risks closely.
Bursa Malaysia
KLCI Consolidates as Investors Stay Cautious
KLCI faces profit taking as global inflation eases, but geopolitical tensions and elevated oil prices keep investors cautious.
Analyst Report
Market Outlook: Higher oil prices offer support to Energy
For Malaysia, higher oil prices offer support to Energy and selected Utilities counters but could also raise inflationary pressures
Stocks and Markets
Markets Wary Ahead of Key Inflation Data
KLCI slips as oil prices rise; global markets cautious ahead of U.S. inflation data, with volatility expected near term.
Analyst Report
KLCI Holds Mild Upward Bias as Geopolitical Risks Cap Gains
The KLCI may retain a mild upward bias, supported by domestic resilience and selective buying despite oil prices and geopolitical risks.