Malaysian Market Review. The FBM KLCI edged 0.11% lower to 1,665.91 on Monday, slipping marginally even as the broader market firmed and most regional markets advanced. Market breadth turned positive, with 559 advancers against 475 decliners. Foreign Investors returned as net buyers, bucking the trend of a selling streak. Sector-wise, Technology (+2.41%) rebounded to lead the gainers, followed by Industrial Products & Services (+0.99%) and Utilities (+0.63%), while Plantation (-0.65%) and Transportation & Logistics (-0.56%) were the main laggards.
Global Markets: U.S. equities rebounded on Monday, with the Nasdaq Composite (+2.07%) leading the gains as technology and semiconductor stocks recovered from the prior week’s sell-off, led by names such as Applied Materials and KLA. The S&P 500 (+1.18%) and Dow Jones Industrial Average (+0.59%) also advanced, with the latter closing above 5,200 for the first time, helped by Alphabet’s near 5% jump on its debut as a Dow component. The recovery in risk appetite extended across most of Asia, where Hong Kong’s Hang Seng Index (+1.57%), the Shanghai Composite (+1.16%) and Thailand’s SET (+2.30%) closed higher, although South Korea’s KOSPI (-0.20%) and Indonesia’s JCI (-1.28%) bucked the trend. European markets were mixed, with the STOXX Europe 600 (+0.04%) little changed and the FTSE 100 (-0.23%) edging lower as investors weighed the prospects of a lasting resolution to the US-Iran conflict as talks resume today (CNBC).
Market Outlook. Market sentiment may stay cautious in the near term even as risk appetite improves, with Monday’s rebound in technology and semiconductor counters suggesting the recent sell-off in AI hardware was largely profit-taking rather than a shift in the structural demand outlook. Domestically, Malaysia’s growing role as a regional AI infrastructure hub, resilient investment activity and Bank Negara Malaysia’s measures to support the ringgit should continue to underpin sentiment, with the return of foreign buying a tentative positive, although political uncertainty ahead of the general election may cap near-term upside.
Sector focus. Technology, the top-performing sector on Monday, could extend its rebound if the recovery in global semiconductor and AI-related names holds, supporting Bursa-listed chip and EMS counters. Financial Services could remain resilient on solid fundamentals despite near-term political uncertainties. The transportation & logistics sector could benefit from easing fuel costs if crude oil prices remain subdued, with aviation counters set to benefit most, while Energy-related counters may continue to face selling pressure amid softer oil prices.
Technical Commentary: The FBM KLCI continues to trade below the neckline of its Double Top pattern, closing Monday at 1,665.91 below all of its key moving averages, with the 9-, 20- and 120-day EMAs at 1,680-1,693 and the 200-day SMA at 1,674, keeping near-term momentum to the downside. A sustained close below the 1,680 neckline would expose the next support in the 1,640-1,620 zone. Immediate resistance is seen at the 200-day SMA of 1,674 and the 1,680 neckline, followed by the 1,689-1,693 EMA cluster. The cautious tone continues to reflect broader concerns surrounding the upcoming election cycle.
Company News
Jati Tinggi Group Bhd secured an RM86 million contract to deliver engineering services for a high‑voltage transmission project at the Klang Valley Technology Park in Kapar, Selangor. (The Edge)
Berjaya Property Bhd acquired a 29% equity interest in Manjaran Sdn Bhd for RM57.9 million to participate in the Perlis Maritime Corridor (PMC). (The Edge)
PMW International Bhd secured an RM11.84 million contract to supply concrete poles for phase two of Malaysia’s fibre‑optics hub project, running until Oct 31. (The Edge)
HI Mobility Bhd posted a record 1QFY2026 net profit of RM16.31 million (up 13.5% year-on-year) and declared a one‑sen interim dividend. This surge is driven by strong bus ridership and a newly acquired commercial vehicle business. (The Edge)
Kim Loong Resources Bhd reported a 31.6% rise in 1QFY2027 net profit to RM55.18 million, driven by stronger milling margins, effectively offsetting lower plantation output. (The Edge)
Crescendo Corporation Bhd reported a sharp surge in 1QFY2027 net profit to RM135.74 million, up from RM5.2 million a year earlier, driven by data centre‑linked land sales in Johor’s Bandar Cemerlang Industrial Park (BCIP). (The Edge)
Cypark Resources Bhd remained loss‑making for a fourth straight quarter, posting a 4QFY2026 net loss of RM16.83 million as elevated finance costs, administrative expenses and depreciation offset stronger renewable energy output. (The Edge)
Apollo Food Holdings Bhd posted record FY2026 revenue of RM311.21 million, its highest since listing. However, net profit fell 14.2% to RM34.49 million, weighed by higher personnel, advertising and transport costs. (The Edge)
Superlon Holdings Bhd posted a 48.8% jump in 4QFY2026 net profit to RM3.25 million, boosted by margin improvements and lower material costs, despite slight dip in revenue. (The Edge)
Hibiscus Petroleum Bhd has begun operating a low‑pressure compressor at its Block B Maharajalela Jamalulalam field in Brunei, with gains expected to strengthen 4QFY2026 performance. (The Edge)
Insights Analytics Bhd has signed an MOU with Australia’s Pipeline Inspection and Assessment Pty Ltd (PIA) to be the exclusive distributor of its pipeline inspection and condition assessment solutions in Malaysia. (The Edge)
Ajinomoto (Malaysia) Bhd has appointed Maybank Investment Bank Bhd and RHB Investment Bank Bhd as advisers in its proposed privatization by its Japanese parent company. (The Edge)
Lianson Fleet Group Bhd plans to dispose three ageing offshore support vessels (OSVs) this year and acquire two dry bulk vessels under its fleet optimisation strategy to expand its marine transportation business. (The Edge)
Favelle Favco Bhd’s wholly-owned US unit, Favelle Favco Cranes Inc (FFC USA), is facing a US$25 million (RM101.78 million) lawsuit in New York over a crane incident. Filed on June 24 by Justin Santiago alleging injuries and losses from a July 2023 crane fire and partial collapse in Manhattan. The company maintains it only supplied the crane and an independent report did not fault the manufacturer. (The Edge)
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| Currency | Buy Rates (RM) | Sell Rates (RM) |
|---|---|---|
| USD | 4.052911 | 4.085350 |
| EUR | 4.637463 | 4.642299 |
| CNY | 0.598280 | 0.598896 |
| HKD | 0.517003 | 0.520660 |
| SGD | 3.134282 | 3.156359 |