Malaysia Market Review: The FBM KLCI retreated 0.9% to 1,602.69 pts on Wednesday, snapping its prior-day rebound as profit-taking swept through regional markets. Lower liners also closed lower, with decliners outpacing advancers 693 to 362. Across sectors, Plantation and REIT held steady, whereas Telecommunications (-1.2%) and Finance (-1.0%) were the main laggards.
Global Markets Review: Wall Street closed lower on Wednesday, with the Dow (-0.7%), S&P 500 (-0.5%) and Nasdaq (-0.9%) dragged by mixed corporate earnings, including disappointing results from Texas Instruments and Netflix. Sentiment was further weighed by reports that the Trump administration is considering new curbs on exports to China involving US-made software. European equities also eased, as a slew of underwhelming earnings from major names, including L’Oréal and Hermès, dampened investor appetite. Across Asia, markets were mixed, with Japan’s Nikkei 225 (0.0%) holding steady as investors assessed trade data and the country’s new leadership, while China’s Shanghai Composite (-0.1%) and Hong Kong’s Hang Seng (-0.9%) declined amid profit-taking following the recent rally.
Market Outlook. Global sentiment remains cautious as investors digest mixed corporate earnings, renewed US-China trade tensions, and heightened commodity volatility. Gold fell 5.1%, marking its steepest daily drop in five years and unsettling safe-haven demand, while Brent Oil rose 4.6% after the US imposed sanctions on Russia’s two largest oil companies. The contrasting moves in commodities highlight market uncertainty over inflation and growth expectations. The FBM KLCI is expected to hover slightly above the 1,600-pt level, as investors remain cautious and await clearer signals from upcoming US earnings releases and monetary policy guidance. In the near term, focus will shift to upcoming US economic data, particularly the delayed September CPI report due to government shutdown, which may offer clearer guidance on the timing of potential Fed rate cuts.
Sector focus. We continue to favour domestically driven and policy-supported sectors such as consumer, construction, renewable energy and utilities. We also prefer power and solar players, underpinned by data centre expansion and the ongoing energy transition, which are expected to remain resilient despite global trade risks.
Company News (source: various)
Ancom Nylex Bhd has revised the terms of its reverse takeover (RTO) of Ancom Logistics Bhd involving Green Lagoon Technology Sdn Bhd to exclude the proposed private placement and proposed subscription from the list of transactions under the original heads of agreement (HOA) and the first supplemental agreement.
BWYS Group Bhd is acquiring a 28.92-acre parcel of freehold industrial land in Kuala Langat, Selangor, from Compass IP Sdn Bhd for RM94.5 million.
CapitaLand Malaysia Trust announced an 11.5% increase in NPI to RM69.10 million for 3QFY2025, from RM61.99 million for 3QFY2024, largely due to rental growth at most of its properties and the commencement of income from its newly acquired Glenmarie Distribution Centre. Revenue rose 6% to RM116.04 million from RM109.24 million. It announced a DPU of 1.11 sen for the quarter.
Heineken NV, which holds a 51% indirect stake in Heineken Malaysia Bhd, said beer volume in Malaysia grew by a low single digit in the third quarter (3Q) of 2025, performing ahead of the market, even as the Dutch brewer navigated a mixed quarter globally.
Ho Hup Construction Co Bhd said its substantial shareholder Omesti Holdings Bhd has sought an extraordinary general meeting (EGM) to replace two of the construction outfit’s directors with appointees.
IGB Real Estate Investment Trust reported a 9.46% increase in net property income (NPI) to RM124.9 million for the third quarter ended Sept 30, 2025 (3QFY2025), from RM114.11 million for 3QFY2024, supported by stronger rental income. Revenue rose 6.4% to RM165.2 million from RM155.27 million. IGB REIT declared a distribution per unit (DPU) of 2.77 sen, payable on Nov 20.
IGB Commercial REIT saw an 11.84% rise in NPI to RM37.64 million from RM33.66 million, while revenue climbed 11.56% to RM64.2 million from RM57.55 million. IGB Commercial REIT declared a DPU of 1.03 sen, also payable on Nov 20.
Perak Transit Bhd said it’s business as usual after Bursa Malaysia questioned a sharp share price drop and spike in trading activity that nearly halved its market value.
Petronas Gas Bhd said it is facing a claim of approximately RM68 million for special damages in the class action over its gas pipeline fire in April that destroyed homes in Putra Heights and injured its residents.
YTL Corp Bhd and YTL Power International Bhd both said they plan to seek shareholders’ approval at their forthcoming annual general meetings for the issuance of share options to employees linked to their directors.
Zecon Bhd’s unit will build and run a 100MW solar plant in Kuching’s Kota Petra Green Technology Park under a 30-year power deal with state utility Syarikat Sesco Bhd.
99 Speed Mart Retail Holdings Bhd saw the cessation of the Employees Provident Fund (EPF) as a substantial shareholder after a 0.14% stake disposal cut the provident fund’s stake in the minimart chain operator to 4.89%.
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Currency | Buy Rates (RM) | Sell Rates (RM) |
---|---|---|
USD | 4.215067 | 4.244396 |
EUR | 4.901458 | 4.906326 |
CNY | 0.593136 | 0.593727 |
HKD | 0.542471 | 0.546270 |
SGD | 3.245366 | 3.268131 |