Malaysian Market Review: The FBMKLC (+0.15%) finished higher on Tuesday, supported by buying interest in healthcare, utilities and banking heavyweights. Market breadth was positive, with 548 advancers versus 510 decliners. Sector-wise, Healthcare (+3.07%), Utilities (+1.45%) and Property (+0.97%) led gains, while Construction (-1.64%), Energy (-1.30%) and Industrial Products (-1.23%) were the main laggards.
Global Markets. US stocks rallied on Tuesday, with the Dow (+2.49%), S&P 500 (+2.91%) and Nasdaq (+3.83%) advancing after Iranian President Masoud Pezeshkian signalled that the regime may be willing to negotiate toward an end to the war that has ravaged the global energy market (Yahoo Finance). In Europe, the STOXX Europe 600 rose 0.42%, but still capped its worst monthly performance in six years amid lingering uncertainty over the trajectory of the Iran conflict (CNBC). Meanwhile, Asian markets mostly declined, led by losses in Japan’s Nikkei 225 (-1.58%), South Korea’s Kospi (-4.26%) and China’s Shanghai Composite (-0.80%), as oil prices traded choppily amid ongoing US–Iran tensions (CNBC).
Market Outlook. Global sentiment is showing tentative signs of improvement as prospects of deescalation in the Middle East build, with Iranian President Masoud Pezeshkian expressing willingness to end the conflict subject to assurances, while US President Donald Trump signalled a potential military withdrawal in two or three weeks. Oil prices have eased to USD103.97/bbl on hopes of reduced supply disruptions, although uncertainty over the reopening of the Strait of Hormuz still persists. On the local front, we remain cautious on the Malaysian market in the near term amid expectations of continued global volatility. Investors are likely to stay defensive and selective, favouring commodity-linked sectors as a hedge against external risks.
Sector focus. We favour the energy sector amid Middle East tensions, with upstream oil & gas benefiting from higher crude prices, supporting near-term earnings. Plantations may see indirect support from firmer biofuel demand, while defensive utilities remain attractive as investors seek stability amid heightened volatility.
FBMKLCI Technical Outlook
Technical Commentary: The FBM KLCI continues to trade below its prevailing uptrend line, signalling weakening near-term momentum and a potential shift into a consolidation phase. The key support is seen at 1,665. A sustained break below this level could trigger further downside, while a move back above the former trend line may help restore bullish momentum.
Company News (source: various)
Boustead Heavy Industries Corp Bhd plans to dispose of a 26-acre leasehold land in Pulau Jerejak, Penang, for RM28 million. The buyer is Karya Koperat Sdn Bhd, a unit of Ark Resources Holdings Bhd. BHIC will record a one-off gain of RM14.39 million through its unit Boustead Penang Shipyard Sdn Bhd. (The Edge)
British American Tobacco (Malaysia) Bhd said it may cut staff as part of workforce optimisation linked to its new distribution model starting July 1. (The Edge)
Citaglobal Bhd has won a RM150 million JKR contract to design and build military family housing at the Royal Malaysian Navy’s MAWILLA 2 base in Sabah. (The Edge)
HI Mobility Bhd posted a 51.1% jump in 4QFY2026 net profit to RM15.22 million, driven by impairment reversals and higher interest income. (The Edge)
Infomina Bhd has secured a three-year RM68.92 million contract from the Immigration Department to provide technology infrastructure operations, maintenance, and support services. (The Edge)
Keyfield International Bhd has signed an US$18 million (RM72.5 million) contract with China’s Fujian Mawei Shipbuilding and Fujian Funing Shipbuilding to build a 90-tonne DP2 anchor handling tug supply vessel. (The Edge)
Lotte Chemical Titan Holding Bhd is being sued by Petroleum Logistics Services Sdn Bhd over revenue, profit and tax disputes tied to licence use for domestic sales. The writ of summons seek RM111.8 million in special damages, RM20.57 million for margin shortfall, RM18.44 million in tax indemnities, and compensation. (The Edge)
Malakoff Corp Bhd said it will not pursue new coal investments, leaning instead on gas as it transitions to renewables. (The Edge)
MyNews Holdings Bhd posted a 5.2% rise in 1QFY2026 net profit to RM4.07 million, driven by new store openings and lower tax expense. (The Edge)
NCT Alliance Bhd is strengthening its NCT Smart Industrial Park with the RM53 million purchase of 176.71 acres of adjoining land in Kuala Langat. (The Edge)
Oppstar Bhd has secured a chip design contract worth nearly RM12 million from a Japanese client. (The Edge)
Poh Huat Resources Holdings Bhd posted its first quarterly loss since 2022, with 1QFY2026 net loss at RM6.4 million versus RM9.48 million profit a year earlier, as weaker US sales and a softer dollar hit margins. (The Edge)
Southern Score Builders Bhd’s 51%-owned unit, SJEE Engineering Sdn Bhd secured two electrical system contracts for data centres worth RM189 million. (The Edge)
United Malacca Bhd reported a 2.2% drop in 3QFY2026 net profit to RM28.38 million from RM29 million a year earlier, weighed by weaker Indonesian operations and forex losses. (The Edge)
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| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.035102 | 4.063304 |
| EUR | 4.638765 | 4.648179 |
| CNY | 0.585360 | 0.585962 |
| HKD | 0.514639 | 0.518277 |
| SGD | 3.124675 | 3.149925 |