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Market Highlights
Economic Update
Mon, 15 Jun 2026 07:53 am
Malaysia Industrial Production - Supply resilience supports outlook, but risks remain

• The Industrial Production Index (IPI) accelerated to a 3.5-year high of +8.2% YoY in April (Mar: +3.1%), above consensus of +4.5%, led by firmer manufacturing output.
• The IPI strength largely reflects ongoing inventory accumulation among manufacturers, which should continue to support resilient manufacturing activity in 2Q26.
• We remain cognisant of the rising downside risks in 2H26, particularly if the Middle East conflict persists.
• We keep our 2026 manufacturing growth forecast at +4.5% YoY (YTD: +6.3%; 2025: +4.5%).

Economic Update
Fri, 12 Jun 2026 07:51 am
Malaysia Labour Market – No signs of a material downturn

• The unemployment rate was stable at 3.0% in April despite external headwinds.
• Labour market conditions should stay resilient, supported by firm domestic demand andsustained global semiconductor demand.
• While there are no signs of broad-based layoffs at this juncture, we remain cognisant ofrising downside risks should the conflict persist.
• We maintain our unemployment rate forecast of 3.0% in 2026 (2025: 3.0%).

Market Outlook
Thu, 11 Jun 2026 07:47 am
Market Strategy - MY Value Up: A Stock Selection Framework, Not a Broad-Market Rerating Catalyst

• SC and Bursa Malaysia have launched the MY Value Up Programme to strengthen corporate value creation, capital efficiency and investor confidence.
• We view MY Value Up as a stock-selection framework rather than a broad-market rerating catalyst.
• Given the guidebook’s impact will materialise over the medium to long term, we maintain a barbell strategy as external and domestic factors are likely to remain the key drivers of market performance in the near term.
• Despite the near-term consolidation, our longer-term outlook remains constructive. We maintain our FBM KLCI year-end target of 1,787.
• Our top picks are ViTrox, Mi Technovation, MSC and MITRA.

Technical Calls
Stock Research
Derivatives Market Performance
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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.041952 4.074317
EUR 4.698349 4.703153
CNY 0.599835 0.600459
HKD 0.516063 0.519692
SGD 3.151132 3.173386
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