Market Review & Outlook
Malaysia Market Review: The FBM KLCI (+0.4%) extended its rally for a fifth consecutive day, lifted by renewed investor appetite for data centre plays and improving signals from trade negotiations. The broader market sentiment was positive, though lower liners were mixed. Among sectors, Healthcare (+1.8%) emerged as the top gainer, while Utilities (-0.7%) posted the steepest decline of the day.
Global Markets Review: Wall Street closed lower as investors grew cautious ahead of key inflation data, despite the deadline extension of tariffs on Chinese goods. In European, markets closed mixed, with the Stoxx 600 shedding 0.1%. Meanwhile, Asian markets were mixed ahead of the US inflation report, which could influence the Federal Reserve’s September rate decision. Hong Kong’s Hang Seng Index was up 0.2%, while South Korea’s Kospi Index fell 0.1%. Japanese markets closed for the Mountain Day holiday.
Market Outlook: Global sentiment remains cautious amid concerns over a slowing economy, with investors closely watching July inflation data for clues on the Federal Reserve’s policy trajectory. While markets have largely priced in a rate cut, persistent inflation and robust consumer spending may limit the extend of monetary policy easing. Domestically, the FBM KLCI is expected to track Wall Street’s weakness, pressured by fragile global sentiment and ongoing external headwinds, while attention remains on domestic corporate earnings.
Sector focus. We continue to see merit in selectively accumulating domestic-focused power ancillary and renewable energy players, which stand to benefit from structural growth drivers such as data centre expansion and the energy transition—trends we expect to remain resilient despite global trade uncertainties.
FBMKLCI Technical Outlook
Technical Commentary: The FBM KLCI extended its uptrend for the fifth consecutive session as the key index closed above SMA200 level. Indicators remained positive, with the MACD Line ending the day above the Signal Line, while the RSI floated above 50. Immediate resistance is located at 1,580, followed by 1,600. Support is envisaged around 1,540.
Company News (source: various)
Classita Holdings Bhd plans to rename itself NexG Bina Bhd following NexG Bhd’s emergence as its largest shareholder, alongside leadership changes including the appointment of former IGP Tan Sri Razarudin Husain as independent non-executive chairman.
DRB-Hicom Bhd is acquiring Spirit AeroSystems’ Malaysian operations for RM426.1m to strengthen CTRM’s aerostructure capabilities, with the Subang-based facilities serving Airbus and Boeing programmes as the group’s Southeast Asia hub.
Inta Bina Group Bhd’s unit, Inta Bina Sdn Bhd, has secured a RM264.5m contract from GDP Architects Sdn Bhd, on behalf of 368 Segambut Sdn Bhd, a joint venture between IJM Land Bhd and FCW Holdings Bhd to construct two serviced apartment blocks in Segambut, Kuala Lumpur.
Hup Seng Industries Bhd posted a 5.7% y-o-y drop in 2QFY2025 net profit to RM8.51m due to higher raw material costs, despite a similar revenue increase, and declared a two sen dividend
ES Sunlogy Bhd will form a 40:60 consortium with Planet QEOS Sdn Bhd to develop a 155MWp solar hybrid power plant with a 310MWh battery storage system in Baram, Sarawak.
Master Tec Group Bhd’s 2QFY2025 net profit fell 20.5% to RM6.92m from RM8.7m a year ago, as higher costs offset a 44% jump in revenue to RM104.8m, with a 0.69 sen per share dividend declared.
Critical Holdings Bhd has secured a RM40.76m contract from a “renowned US-based multinational” specialising in edge AI deployment, to carry out mechanical and electrical works, including cleanroom architecture and process utilities, for a new production floor fit-up, with works scheduled from Aug 15 to Nov 21, 2025.
KNM Group Bhd’s scheme creditors have approved its scheme of arrangement, cutting RM182.04m in interest and penalties from the RM1.93bn debt owed by its wholly-owned unit, after securing the required 75% approval from each creditor class at a court-convened meeting.
Y&G Corp Bhd is acquiring 584.4 acres of land in Sepang and Ujong Permatang for RM477m in cash from parties linked to its managing director Datuk Seri Yap Seng Yew, in a series of related-party transactions involving direct purchases and a company acquisition.
Citaglobal Bhd is acquiring a 70% stake in two Perak hydropower projects for RM15 million, expected to generate up to RM19 million in annual recurring revenue under long-term PPAs with Tenaga Nasional Bhd.
HCK Capital Group Bhd is acquiring a third parcel of freehold land in Setia City BizPark for RM19.35m, bringing its total purchases from Bandar Setia Alam to 3.66 acres for RM57.99m.
Avillion Bhd has welcomed Lim Chai Hock as its second largest shareholder after he acquired a 15% stake via a private placement, which raised RM11.32m in gross proceeds
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Currency | Buy Rates (RM) | Sell Rates (RM) |
---|---|---|
USD | 4.202015 | 4.235318 |
EUR | 4.910409 | 4.915416 |
CNY | 0.591633 | 0.592086 |
HKD | 0.539313 | 0.543090 |
SGD | 3.271821 | 3.294958 |