The near-term outlook has turned more cautious after President Trump dismissed Iran's response to a US 14-point memorandum of understanding…
The FBM KLCI shows positive movement, with expectations to range between 1,755-1,765, driven by anticipated growth in EIPOWER.
Frontken posts RM38.9m profit, driven by Malaysia O&G surge and Taiwan semicon demand; TP raised to RM5.71, BUY maintained.
KLCI’s breakout above its symmetrical triangle formation signals further upside towards 1,777 as market sentiment improves
Nonetheless, it is highly expected that an intermittent correction may emerge anytime soon
FBM KLCI advanced on stronger buying momentum despite global market weakness, rising geopolitical tensions and persistent inflationary concerns worldwide.
Regional foreign funds turned cautious despite April inflows, while higher oil prices and currency movements influenced market sentiment.
Foreign inflows and IMF optimism may support Bursa Malaysia despite mixed Wall Street performance and persistent global economic uncertainties.
We expect the benchmark to trade within the 1,725–1,740 range today.
The UAE’s departure from OPEC+ effective May 1, 2026, removes a key pillar of market stability as peak demand approaches.
Overall, investor strategy is likely to remain selective, favouring stability and earnings visibility over high-risk opportunities.
OBHB may break from its sideways trend, with potential price increases if certain resistance levels are surpassed.
OSK Holdings declared a total dividend of 6.0 sen per share for FY2025 with a total payout of approximately RM185.6…
D&O downgraded to SELL, target price RM0.39, as weak automotive demand and inventory impairments weigh on profitability.
RGB International may break its sideways channel, with potential price increases if key resistance is surpassed.
ICT Zone Asia may rise above RM0.205, but dropping below RM0.175 suggests potential price weakness.
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