Technical Stockpick - Malaysian Pacific Industries Bhd
Wed, 10-Sep-2025 07:15 am
by Research Team • Apex Research

MPI (3867)
Last Price (RM)
28.00
Resistance (RM)
R1 — 29.98 / R2 — 31.24
Support (RM)
S1 — 26.98

Technical Commentary:

The counter retreated sharply earlier in the year before bottoming in April. Since then, it has trended upward with a series of higher highs and higher lows, reinforcing uptrend momentum. Recent strength has pushed the stock to a year-to-date high, with a breakout above the immediate resistance at RM28.58 likely to confirm further upside toward RM29.98–RM31.24. On the downside, immediate support lies at RM26.98.

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.189564 4.225840
EUR 4.930937 4.944344
CNY 0.590125 0.591709
HKD 0.538841 0.543525
SGD 3.269557 3.298024