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Market Pauses as Investors Await Catalysts
Mon, 10-Nov-2025 07:58 am
by Research Team • Apex Research

Malaysia Market Review: The FBM KLCI (+0.0%) ended largely unchanged on Friday as investors awaited fresh catalysts, including the upcoming local earnings season. In contrast, lower liners weakened amid profit-taking activities. Sector-wise, losses were led by Construction (-1.3%), Industrial Products (-0.3%) and Consumer (-0.2%), while gains were seen in Plantation (+0.6%), Utilities (+0.2%) and Property (+0.2%). Overall market breadth was negative, with 628 decliners outpacing 413 advancers.

 

Global Markets Review: Wall Street was mixed on Friday, with the Nasdaq dipping 0.2% amid ongoing weakness in tech and AI stocks, while new economic data added to concerns over a slowing economy. The market broadly pared losses after Democrats proposed a plan to end the record-breaking US government shutdown, though it was later rejected by Republicans. Caution persisted as the University of Michigan’s consumer sentiment index released on Friday neared record lows. In Europe, the STOXX Europe 600 slipped 0.6% amid tech valuation concerns and spillover from US risk-off sentiment, while most Asian indices also fell. Nikkei 225 dropped 1.2%, Hang Seng Index declined 0.9%, and SET Index eased 0.8%.

 

Market Outlook. We expect market volatility to persist in the local bourse amid uncertainty driven by the limited flow of US economic data. It will be a relatively quiet week, with the NFIB small business optimism index and mortgage application data from the Mortgage Bankers Association in focus. Investors will also monitor the final batch of high-profile corporate earnings in the US as the strong reporting season winds down, with 82.5% of 446 companies so far beating analyst expectations, marking the highest beat rate since 2Q 2021. Locally, market direction will depend on domestic economic indicators, corporate earnings, and global risk sentiment.

 

Sector focus. We continue to hold a positive view on selective construction, power ancillary, and renewable energy stocks, underpinned by data centre growth and the ongoing shift toward cleaner energy. Additionally, we prefer select consumer names, especially within the staples segment, supported by stable domestic consumption and strong earnings visibility.

 

Technical Commentary: The FBM KLCI consolidated within a tight intraday range, while closing above all major moving averages. Indicators remain mixed, with the MACD Line still trading below the Signal Line, while the RSI stays above 50. The next resistance is located at 1,660. Support is envisaged at around 1,600.

 

Company News (source: various)

Apex Healthcare Bhd has received a takeover offer at RM2.64 per share from its major shareholder backed by a Singapore private equity firm. 

 

Fraser & Neave Holdings Bhd lifted its dividend payment after reporting a 35% rise in net profit in the recently ended quarter as lower input costs offset lower sales.

 

Maxis Bhd saw its net profit grew 13% in the third quarter from a year earlier, thanks mostly to higher service revenue and cost control measures.

 

PIE Industrial Bhd reported a 49% drop in net profit for the third quarter ended Sept 30, 2025 (3QFY2025), dragged by lower contribution from its electronics manufacturing activities, as demand for its services and products dropped.

 

Sime Darby Property Bhd and SD Guthrie Bhd have agreed to jointly develop an industrial and logistics hub within a 3,000-acre master plan in Kuala Selangor.

 

NuEnergy Holdings Bhd has accepted two letters of award worth RM270 million to design and build a 65MWp solar photovoltaic plant with a 200MWh battery energy storage system in Pasir Gudang, Johor. The company said the awards — for the EPCC of the plant — were from Binastra Green Energy Sdn Bhd, a wholly owned subsidiary of Binastra Corp Bhd.

 

Builder and property developer Chin Hin Group Bhd is partnering with PTT Synergy Group Bhd to jointly develop smart warehouses, industrial parks and digital logistics infrastructure.

 

Oriental Holdings Bhd is buying three hotels for RM411 million in cash from its major shareholder, the Loh family, to expand its domestic hotel portfolio.

 

Rapid Synergy Bhd is selling its Teluk Intan commercial property, Rapid Mall Seri Intan & Giant, to Lotuss Stores (Malaysia) Sdn Bhd for RM41 million. 

 

Datuk Seri Chiau Beng Teik has ceased to be a substantial shareholder of LTKM Bhd after trimming his stake in the egg producer to below 5%.

 

Bursa Securities has reprimanded and fined a former executive director of Scanwolf Corp Bhd for misrepresenting himself as a “Dato” in the plastic extrusion maker’s annual reports. 

 

Sentiment: Neutral
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