M+ On-The-Go
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📈 Analytical overview of Telegram channel M+ On-The-Go
Channel M+ On-The-Go (@mplusotg) in the English language segment is an active participant. Currently, the community unites 26 132 subscribers, ranking 4 457 in the Economy & Finance category and 1 300 in the Malaysia region.
📊 Audience metrics and dynamics
Since its creation on невідомо, the project has demonstrated rapid growth, gathering an audience of 26 132 subscribers.
According to the latest data from 10 November, 2026, the channel demonstrates stable activity. Although there has been a change in the number of participants by -95 over the last 30 days and by -4 over the last 24 hours, overall reach remains high.
- Verification status: Not verified
- Engagement rate (ER): The average audience engagement rate is 11.35%. Within the first 24 hours after publication, content typically collects 7.66% reactions from the total number of subscribers.
- Post reach: On average, each post receives 2 965 views. Within the first day, a publication typically gains 2 002 views.
- Reactions and interaction: The audience actively supports content: the average number of reactions per post is 2.
- Thematic interests: Content is focused on key topics such as resistance, iran, gainer, dow, loser.
📝 Description and content policy
The author describes the resource as a platform for expressing subjective opinions:
“Malacca Securities Sdn Bhd”
Thanks to the high frequency of updates (latest data received on 11 November, 2026), the channel maintains relevance and a high level of publication reach. Analytics show that the audience actively interacts with content, making it an important point of influence in the Economy & Finance category.
26 132
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-424 hours
-527 days
-9530 days
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| Date | Subscriber Growth | Mentions | Channels | |
| 11 November | 0 | |||
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| 01 November | 0 |
Channel Posts
M+ Market Buzz - 12Nov26
Dow Jones: 52,486.49 pts (+254.60pts, +0.49%)
⬆️ Resistance: 54,800
⬇️ Support: 50,000
FBM KLCI: 1,595.19 pts (-8.88pts, -0.55%)
⬆️ Resistance: 1,680
⬇️ Support: 1,570
HSI Index: 24,315.92 pts (-241.12pts, -0.98%)
⬆️ Resistance: 25,400
⬇️ Support: 23,800
Crude Palm Oil: RM4,448 (+RM38, +0.86%)
⬆️ Resistance: 4,780
⬇️ Support: 4,180
Brent Oil: $92.76 (+$1.27, +1.39%)
⬆️ Resistance: 103.00
⬇️ Support: 87.40
Gold: $3,986.32 (-$1.38, -0.03%)
⬆️ Resistance: 4,200
⬇️ Support: 3,920
Source: Bloomberg, M+Global
| 2 | M+ Global Market Wrap - 11Nov26
FBM KLCI: 1,595.19 pts (-8.88pts, -0.55%)
Despite a regional recovery in AI-related stocks, the local bourse ended on a negative note, dragged down by banking heavyweights MAYBANK (-11.0 sen) and PBBANK (-15.0 sen). Nevertheless, market breadth remained positive with 694 gainers outpacing 426 losers. Sector-wise, Technology (+2.92%) outperformed, led by UWC (+54.0 sen) and VITROX (+21.0 sen), while Financials (-1.35%) lagged the most.
Top 3 Active stocks:
MMAG (0034): RM0.040 (+1.0 sen)
ZETRIX (0138): RM0.055 (-0.5 sen)
SKACAP (0480): RM0.495 (+6.5 sen)
Top 3 Gainer stocks:
MPI (3867): RM38.30 (+62.0 sen)
NESTLE (4707): RM95.54 (+54.0 sen)
UWC (5292): RM6.68 (+54.0 sen)
Top 3 Loser stocks:
F&N (3689): RM20.54 (-146.0 sen)
HLBANK (5819): RM21.48 (-50.0 sen)
ALLIANZ (1163): RM19.60 (-30.0 sen)
Volume: 2.90 bn (100-bar avg vol: 3.38 bn)
Value: RM2.33 bn (100-bar avg val: RM2.90 bn)
Market Breadth: ⬆️694 ⬇️426
Crude Palm Oil: RM4,256 (+RM155, +3.64%)
Dow Futures: 52,435 pts (+120 pts)
**Source: M+ Global, Bloomberg ** | 1 083 |
| 3 | M+ Global Market Update – 11Nov26
Rate-Hike Fears Return After Hotter CPI
US: Following hotter-than-expected October CPI and Fed Governor Waller’s openness to a half-point hike, which pushed the 10-year yield to 5%, we expect Wall Street to remain cautious. Stock-wise, we favour Emerson Electric (EMR), backed by its USD8.2bn backlog and FY27 adjusted EPS guidance of USD7.25. Meanwhile, Microsoft (MSFT) may offer an entry point after its pullback following Anthropic’s Excel-rival launch, supported by its planned participation in Anthropic’s USD26bn IPO-linked placement. Lastly, traders could look at NXP Semiconductors (NXPI), backed by its USD5bn buyback authorisation and Volkswagen partnership.
MY: Tracking overnight Wall Street losses, we expect the local bourse to trade softer today. Nevertheless, investors may look at 5E Resources (5ER), supported by (i) its new Pasir Gudang facility, expected to boost annual treatment and recycling capacity by 80% from 282k to 509k tonnes, (ii) potential waste treatment demand from the government's B15 biodiesel push, and (iii) tightening environmental and ESG regulations. Meanwhile, heightened cybersecurity concerns following suspected attacks on financial and government infrastructure could bode well for LGMS (M+Global TP: RM 0.70), while power infrastructure player SKACAP (M+Global TP: RM 0.66) makes its ACE Market debut today.
Stocks to watch:
Consumer: *GCB*, LWSABAH, *SPRITZER*
Construction: *ISF*, GDB
Utilities: *GASMSIA*
Oil & Gas: *KEYFIELD*
Healthcare: TOPGLOV
Ports & Logistics: WPRTS
Technology: SCICOM
Source: M+ Global | 2 138 |
| 4 | M+ Market Buzz - 11Nov26
Dow Jones: 52,231.89 pts (-157.86pts, -0.30%)
⬆️ Resistance: 54,800
⬇️ Support: 50,000
FBM KLCI: 1,604.07 pts (-12.51pts, -0.77%)
⬆️ Resistance: 1,680
⬇️ Support: 1,580
HSI Index: 24,557.04 pts (+108.09pts, +0.44%)
⬆️ Resistance: 25,400
⬇️ Support: 23,000
Crude Palm Oil: RM4,270 (+RM14, +0.33%)
⬆️ Resistance: 4,820
⬇️ Support: 4,180
Brent Oil: $91.49 (-$1.08, -1.17%)
⬆️ Resistance: 107.00
⬇️ Support: 87.40
Gold: $4,032.51 (-$108.17, -2.61%)
⬆️ Resistance: 4,200
⬇️ Support: 3,960
Source: Bloomberg, M+Globa | 1 862 |
| 5 | M+ Global Market Wrap - 10Nov26
FBM KLCI: 1,604.07 pts (-12.51pts, -0.77%)
Despite strong overnight rebound from wall street driven by surging tech shares and sliding oil prices, the local bourse finished on a weaker note, dragged down by losses in YTLPOWR (-32.0 sen) and PBBANK (-22.0 sen). Market breadth remained negative, with 745 losers outpacing 395 gainers. Sector-wise, Construction (+1.08%) outperformed, led by SUNCON (+50.0 sen) and GAMUDA (+2.0 sen), while Energy (-1.91%) lagged the most.
Top 3 Active stocks:
NIHSIN (7215): RM0.095 (-8.5 sen)
ZETRIX (0138): RM0.060 (-0.5 sen)
GIIB (7192): RM0.120 (-15.0 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM95.00 (+164.0 sen)
MPI (3867): RM37.68 (+148.0 sen)
SUNCON (5263): RM8.36 (+50.0 sen)
Top 3 Loser stocks:
YTLPOWR (6742): RM4.69 (-32.0 sen)
MEGAFB (5327): RM1.08 (-32.0 sen)
HENGYUAN (4324): RM2.62 (-30.0 sen)
Volume: 2.79 bn (100-bar avg vol: 3.40 bn)
Value: RM2.78 bn (100-bar avg val: RM2.91 bn)
Market Breadth: ⬆️395 ⬇️745
Crude Palm Oil: RM4,258 (RM0, 0.00%)
Dow Futures: 52,661 pts (+163 pts)
**Source: M+ Global, Bloomberg ** | 1 707 |
| 6 | Good Morning All,
We issued a company update note on our coverage stock TMK Chemical Berhad: Your Trusted Guide to Global Trading | Malacca Securities (https://r.mplusglobal.com.my/public/website/file/2026/11/10/20261110080825726.pdf)
- CCM acquisition formalised. To recap, TMK signed a conditional agreement to acquire 100% of CCM for RM939.9m, equivalent to 12.9x adjusted FY2025 PATAMI. The deal comprises 262.5m new TMK shares at RM1.9098 each and RM438.5m in cash, to be funded by RM99.1m of IPO proceeds and the balance from borrowings and/or internal funds. Completion is targeted for 1Q2027, subject to approvals.
- Vertical integration strengthens manufacturing capabilities. We view the acquisition as a significant step towards transforming TMK into a vertically integrated chemical group. Combining its chemical trading, storage and logistics operations with CCM's chlor-alkali manufacturing facilities could improve procurement efficiencies, supply-chain integration and downstream market exposure, supporting cost competitiveness and economies of scale.
- Potential earnings accretion despite dilution. The acquisition announcement’s illustrative FY2025 pro forma financials indicate PATAMI growth of 57.6%, from RM97.2m to RM153.2m, after estimated financing and transaction adjustments. EPS would increase 24.9%, from 9.72 sen based on TMK’s existing share base of 1,000m shares to 12.14 sen based on the enlarged share base of 1,262.5m shares, despite the issuance of 262.5m new shares.
- Completion targeted for 1Q2027. Assuming completion by end-March 2027, we expect approximately nine months of CCM earnings contribution in FY2027, followed by a full-year contribution in FY2028. However, CCM's 9MFY2026 net profit declined 20.7% YoY to RM44.3m, warranting reassessment of sustainable earnings. Meanwhile, TMK's projected public shareholding spread of 17.9% falls below its approved 21% minimum, requiring a compliance solution alongside regulatory approvals.
Valuation & Recommendation
- Forecast. Incorporating the CCM acquisition, we forecast TMK’s core earnings at RM149.4m in FY26f, RM235.2m in FY27f and RM274.9m in FY28f. Assuming completion by end-March 2027, we expect CCM to contribute net earnings of RM45.3m over nine months in FY27f and RM70.0m for the full year in FY28f. Based on the enlarged share base of 1.2625bn shares, we forecast EPS of 11.84 sen in FY26f, 18.63 sen in FY27f and 21.77 sen in FY28f.
- Maintain HOLD with a higher TP of RM3.27. We raise our target price to RM3.27 from RM2.86, based on an unchanged 15.0x P/E applied to FY28f EPS of 21.77 sen. This implies 2.5% upside from RM3.19. We roll forward our valuation to FY28f as it captures the first full year of CCM’s earnings contribution.
Research Team, M+ Global
10 November 2026 | 2 007 |
| 7 | shares, we forecast EPS of 11.84 sen in FY26f, 18.63 sen in FY27f and 21.77 sen in FY28f.
- Maintain HOLD with a higher TP of RM3.27. We raise our target price to RM3.27 from RM2.86, based on an unchanged 15.0x P/E applied to FY28f EPS of 21.77 sen. This implies 2.5% upside from RM3.19. We roll forward our valuation to FY28f as it captures the first full year of CCM’s earnings contribution.
Research Team, M+ Global
10 November 2026 | 1 |
| 8 | Good Morning All,
We issued a company update note on our coverage stock TMK Chemical Berhad: Your Trusted Guide to Global Trading | Malacca Securities (https://r.mplusglobal.com.my/public/website/file/2026/11/10/20261110080825726.pdf)
- CCM acquisition formalised. To recap, TMK signed a conditional agreement to acquire 100% of CCM for RM939.9m, equivalent to 12.9x adjusted FY2025 PATAMI. The deal comprises 262.5m new TMK shares at RM1.9098 each and RM438.5m in cash, to be funded by RM99.1m of IPO proceeds and the balance from borrowings and/or internal funds. Completion is targeted for 1Q2027, subject to approvals.
- Vertical integration strengthens manufacturing capabilities. We view the acquisition as a significant step towards transforming TMK into a vertically integrated chemical group. Combining its chemical trading, storage and logistics operations with CCM's chlor-alkali manufacturing facilities could improve procurement efficiencies, supply-chain integration and downstream market exposure, supporting cost competitiveness and economies of scale.
- Potential earnings accretion despite dilution. The acquisition announcement’s illustrative FY2025 pro forma financials indicate PATAMI growth of 57.6%, from RM97.2m to RM153.2m, after estimated financing and transaction adjustments. EPS would increase 24.9%, from 9.72 sen based on TMK’s existing share base of 1,000m shares to 12.14 sen based on the enlarged share base of 1,262.5m shares, despite the issuance of 262.5m new shares.
- Completion targeted for 1Q2027. Assuming completion by end-March 2027, we expect approximately nine months of CCM earnings contribution in FY2027, followed by a full-year contribution in FY2028. However, CCM's 9MFY2026 net profit declined 20.7% YoY to RM44.3m, warranting reassessment of sustainable earnings. Meanwhile, TMK's projected public shareholding spread of 17.9% falls below its approved 21% minimum, requiring a compliance solution alongside regulatory approvals.
Outlook
- Underlying earnings momentum remains encouraging. We expect TMK's earnings momentum to remain positive, supported by favourable chemical ASPs, higher sales volumes and operating efficiencies. In 1HFY2026, core PATAMI increased 68.7% YoY to RM71.0m. We believe sustained industrial chemical demand should continue supporting profitability ahead of the upcoming results.
- Industrial production growth supports chemical demand. Malaysia's IPI expanded 5.0% YoY in August 2026, driven by 7.4% manufacturing growth. The petroleum, chemical, rubber and plastic products subsector grew 2.6%, while E&E output surged 17.0%. Manufacturing sales increased 9.9% YoY to RM185.0bn, with the chemical-related subsector rising 5.2%. We view sustained manufacturing activity as supportive of TMK's chemical sales volumes.
- Rare-earth expansion to sustain chemical consumption. We see opportunities from Malaysia's expanding rare-earth processing ecosystem. Lynas is strengthening its heavy rare-earth separation capabilities, including a planned facility capable of processing 5,000 tonnes of feedstock annually. Meanwhile, the proposed Carester–Malaco project in Perak could add up to 13,000 tonnes of annual processing capacity. We expect these developments to support longer-term demand for HCl and caustic soda as new facilities commence operations.
- Banting Plant 2 to drive growth. Scheduled for 2027, Banting Plant 2 is expected to add 40,000 ECU of capacity, doubling TMK's existing chlor-alkali derivatives capacity. With approximately 60% lower capital investment than its existing facility, we expect lower depreciation and manpower requirements to improve cost efficiencies and margins as utilisation increases.
Valuation & Recommendation
- Forecast. Incorporating the CCM acquisition, we forecast TMK’s core earnings at RM149.4m in FY26f, RM235.2m in FY27f and RM274.9m in FY28f. Assuming completion by end-March 2027, we expect CCM to contribute net earnings of RM45.3m over nine months in FY27f and RM70.0m for the full year in FY28f. Based on the enlarged share base of 1.2625bn | 1 |
| 9 | M+ Global Market Update – 10Nov26
Wall Street Eyes October CPI After Sharp Rebound
US: Wall Street's strong rebound, supported by easing oil prices and reduced concerns over potential US strikes on Iran, has improved risk appetite ahead of the upcoming inflation data. Stock-wise, we favour Texas Instruments (TXN), which could benefit from renewed buying interest in analogue semiconductor stocks, while its participation in electronica 2026 (10–13 November) provides an additional catalyst. NXP Semiconductors (NXPI) could similarly benefit from the broader sector recovery. Meanwhile, Warner Music Group (WMG) warrants attention ahead of its 19 November earnings release, with AI licensing partnerships involving Suno and Udio potentially supporting longer-term streaming revenue growth.
MY: Despite concerns over a potential slowdown in US AI infrastructure spending following the midterm elections, we believe tighter domestic investment conditions could encourage hyperscalers to accelerate overseas expansion, potentially benefiting Malaysia's data centre ecosystem. This could support sentiment towards SUNCON, MNHLDG and RANHILL. Separately, heightened cybersecurity concerns following suspected digital intrusions and attacks targeting financial and government infrastructure could drive greater demand for cybersecurity solutions. This bodes well for LGMS (M+Global TP: RM0.70), supported by its recent introduction of AI-powered cybersecurity solutions.
Stocks to watch:
Consumer: *GCB*, LWSABAH, *SPRITZER*
Construction: *ISF*, GDB
Utilities: *GASMSIA*
Oil & Gas: *KEYFIELD*
Healthcare: TOPGLOV
Ports & Logistics: WPRTS
Technology: SCICOM
Source: M+ Global | 2 946 |
| 10 | M+ Market Buzz - 10Nov26
Dow Jones: 52,389.75 pts (+1,104.02pts, +2.15%)
⬆️ Resistance: 54,800
⬇️ Support: 50,000
FBM KLCI: 1,616.58 pts (-19.28pts, -1.18%)
⬆️ Resistance: 1,680
⬇️ Support: 1,580
HSI Index: 24,448.95 pts (-32.91pts, -0.13%)
⬆️ Resistance: 25,400
⬇️ Support: 22,900
Crude Palm Oil: RM4,258 (-RM119, -2.72%)
⬆️ Resistance: 4,840
⬇️ Support: 4,180
Brent Oil: $92.57 (-$5.75, -5.85%)
⬆️ Resistance: 109.40
⬇️ Support: 90.20
Gold: $4,140.06 (-$0.62, -0.01%)
⬆️ Resistance: 4,240
⬇️ Support: 3,870
Source: Bloomberg, M+Global | 2 361 |
| 11 | M+ Global Market Wrap - 6Nov26
FBM KLCI: 1,616.58 pts (-19.28pts, -1.18%)
The local bourse finished on a negative note, dragged down by losses in PMETAL (-15.0 sen) and YTLPOWR (-26.0 sen). Market breadth remained negative, with 961 losers outpacing 269 gainers. Sector-wise, all sectors ended in negative territory with TECHNOLOGY (-4.58%) performed the worst.
Top 3 Active stocks:
ZETRIX (0138): RM0.065 (+0.5 sen)
INARI (0166): RM2.12 (-16.0 sen)
VS (6963): RM0.295 (-2.5 sen)
Top 3 Gainer stocks:
F&N (3689): RM22.22 (+100.0 sen)
UTDPLT (2089): RM30.38 (+28.0 sen)
CARLSBG (2836): RM12.68 (+14.0 sen)
Top 3 Loser stocks:
MPI (3867): RM36.20 (-268.0 sen)
NESTLE (4707): RM94.16 (-184.0 sen)
VITROX (0097): RM10.12 (-48.0 sen)
Volume: 3.64 bn (100-bar avg vol: 3.41 bn)
Value: RM3.50 bn (100-bar avg val: RM2.91 bn)
Market Breadth: ⬆️269 ⬇️961
Crude Palm Oil: RM4,377 (-RM110, -2.51%)
Dow Futures: 51,263 pts (-352 pts)
**Source: M+Global, Bloomberg ** | 2 632 |
| 12 | M+ Global Market Update – 06Nov26
AI Sell-Off Deepens; Oil Rebounds on Shipping Risks
US: Wall Street may remain cautious as investors reassess AI infrastructure returns and potential regulatory constraints. Renewed tanker attacks and uncertainty over US–Iran negotiations lifted Brent to USD98.29/bbl, reviving inflation concerns and the risk of further energy-market volatility. Defensive names such as Walmart (WMT), Procter & Gamble (PG) and Johnson & Johnson (JNJ) could attract interest as investors seek more resilient earnings. Friday’s US employment report will be closely watched for clues on labour-market conditions and the Federal Reserve’s policy outlook.
MY: The FBM KLCI may face selling pressure after Wall Street’s sharp decline, although BNM’s decision to maintain the OPR at 2.75% could offer support. VITROX posted its strongest quarterly results since listing, with 3QFY26 revenue up 112% YoY to RM485.1m and net profit rising 242% to RM118.6m, driven by AI infrastructure and networking inspection demand. However, the semiconductor sell-off may weigh on sentiment. GCB may benefit from a recovery in cocoa grindings, up 29% YoY in Asia and 40% among Ivory Coast’s GEPEX members, alongside lower bean costs. KJTS also merits attention, with four 20-year cooling agreements in Thailand supporting recurring income being awarded in Sep-2026.
Stocks to watch:
Consumer: *GCB*, MFLOUR, SPRITZER
Financial Services: *ABMB*, *AMBANK*, BURSA
Technology: *INFOM*, SCICOM
Industrial: EIPOWER, PANTECH
Utilities: *GASMSIA*
Source: M+ Global | 4 156 |
| 13 | M+ Market Buzz - 6Nov26
Dow Jones: 51,523.06 pts (-1,833.06pts, -3.44%)
⬆️ Resistance: 54,800
⬇️ Support: 50,500
FBM KLCI: 1,635.86 pts (+19.30pts, +1.19%)
⬆️ Resistance: 1,660
⬇️ Support: 1,580
HSI Index: 24,796.98 pts (+877.48pts, +3.67%)
⬆️ Resistance: 25,400
⬇️ Support: 22,500
Crude Palm Oil: RM4,368 (-RM9, -0.21%)
⬆️ Resistance: 4,780
⬇️ Support: 4,290
Brent Oil: $98.29 (+$3.67, +3.88%)
⬆️ Resistance: 120.40
⬇️ Support: 91.60
Gold: $4,088.28 (+$27.92, +0.69%)
⬆️ Resistance: 4,180
⬇️ Support: 3,830
Source: Bloomberg, M+Global | 2 700 |
| 14 | M+ Global Market Wrap - 5Nov26
FBM KLCI: 1,635.86 pts (+19.30pts, +1.16%)
The local bourse closed higher following the central bank’s widely expected decision to hold interest rates. However, market breadth remained negative, with 723 losers outpacing 497 gainers. The benchmark was lifted by PBBANK (+19.0 sen) and MAYBANK (+26.0 sen). Sector-wise, Financials (+2.92%) led the gains, driven by banking stocks, while Technology (-4.27%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.060 (UNCH)
AAGB (5238): RM0.535 (+8.0 sen)
JAKS (4723): RM0.125 (-0.5 sen)
Top 3 Gainer stocks:
NESTLE (4707): RM96.00 (+250.0 sen)
HLBANK (5819): RM22.20 (+96.0 sen)
ALLIANZ (1163): RM19.92 (+40.0 sen)
Top 3 Loser stocks:
MPI (3867): RM38.88 (-174.0 sen)
MEGAFB (5327): RM1.83 (-71.0 sen)
UWC (5292): RM6.59 (-61.0 sen)
Volume: 3.74 bn (100-bar avg vol: 3.43 bn)
Value: RM3.61 bn (100-bar avg val: RM2.90 bn)
Market Breadth: ⬆️497 ⬇️723
Crude Palm Oil: RM4,496 (-RM99, -2.20%)
Dow Futures: 53,727 pts (+224 pts)
**Source: M+Global, Bloomberg ** | 2 227 |
| 15 | Good Morning All,
Here’s our IPO note on Impact Capital Holdings Berhad (IMPACT): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM0.36 per share for IMPACT, indicating a 63.6% upside from the IPO price of RM0.22. Our valuation is derived by ascribing a target P/E multiple of 15.2x to mid-FY28 core EPS of 2.39 sen, in line with the peer average forward P/E of 15.2x.
Investment highlights include:
(i) Sarawak’s leading critical-infrastructure integrator
(ii) A multi-year runway, with FY27 already covered
(iii) Recurring income is compounding
(iv) Margins are widening as the mix shifts
(v) Expanding beyond Sarawak and up the value chain
(vi) A cash-generative, asset-light balance sheet funds growth
Research Team, M+Global
5 Nov 26 | 2 747 |
| 16 | M+ Global Market Update – 05Nov26
Election Rally Lifts Sentiment, OPR in Focus
US: Wall Street may extend its post-election rally, although Democratic control of Congress could reshape policy priorities. Investors may reassess the implications for AI regulation and clean-energy incentives. Solar players such as First Solar (FSLR) could benefit from policy support, while data-centre operators IREN and Applied Digital (APLD) may face tighter scrutiny. Meanwhile, Microsoft (MSFT) and Amazon (AMZN) appear better positioned to navigate regulatory headwinds, supported by their scale and cash generation.
MY: The FBM KLCI may draw support from Wall Street's strong rebound, with attention turning to BNM's OPR decision at 3pm. Eight of nine economists expect the rate to remain unchanged at 2.75%. On the corporate front, Kee Ming (KEEMING) secured a RM44.17m electrical engineering subcontract for a Puncak Alam hyperscale data centre, scheduled for completion by July 2027. Sunway Construction (SUNCON) secured RM920.8m in additional MEP fit-out works for a Johor data centre, lifting its FY26 new orders to RM8.06bn and outstanding order book to RM11.7bn. Meanwhile, Binastra (BNASTRA) secured a RM303.8m automated warehouse contract in Klang, expanding its exposure to specialised industrial infrastructure.
Stocks to watch:
Consumer: *AAGB*, GCB
Utilities: *GASMSIA*, *KJTS*
Technology: *EDELTEQ*, *SCICOM*
Banking: *ABMB*
Shipping: *MTTSL*
Construction: ECOGRP
Industrial: PGLOBAL
Source: M+ Global | 3 451 |
| 17 | M+ Market Buzz - 05Nov26
Dow Jones: 53,356.12 pts (+1,569.40pts, +3.03%)
⬆️ Resistance: 54,600
⬇️ Support: 50,600
FBM KLCI: 1,616.56 pts (-5.29pts, -0.33%)
⬆️ Resistance: 1,660
⬇️ Support: 1,580
HSI Index: 23,919.50 pts (+393.53pts, +1.67%)
⬆️ Resistance: 24,100
⬇️ Support: 22,500
Crude Palm Oil: RM4,495 (-RM1, -0.02%)
⬆️ Resistance: 4,780
⬇️ Support: 4,300
Brent Oil: $94.62 (-$8.98, -8.67%)
⬆️ Resistance: 120.40
⬇️ Support: 92.70
Gold: $4,062.12 (+$1.76, +0.04%)
⬆️ Resistance: 4,160
⬇️ Support: 3,830
Source: Bloomberg, M+Global | 2 767 |
| 18 | M+ Global Market Wrap - 4Nov26
FBM KLCI: 1,616.56 pts (-5.29pts, -0.35%)
The local bourse finished on a negative note, dragged down by losses in PBBANK (-4.0 sen) and MAYBANK (-14.0 sen). However, market breadth was positive, with 646 gainers outpacing 441 losers. Sector-wise, Technology (+3.17%) outperformed, led by VITROX (+48.0 sen) and UWC (+32.0 sen), while Financials (-0.70%) lagged the most.
Top 3 Active stocks:
AIZO (7219): RM0.065 (-0.5 sen)
ZETRIX (0138): RM0.060 (UNCH)
PUC (0007): RM0.040 (+0.5 sen)
Top 3 Gainer stocks:
MPI (3867): RM40.62 (+112.0 sen)
VITROX (0097): RM10.90 (+48.0 sen)
UWC (5292): RM7.20 (+32.0 sen)
Top 3 Loser stocks:
NESTLE (4707): RM93.50 (-238.0 sen)
MEGAFB (5327): RM2.54 (-33.0 sen)
HEIM (3255): RM13.00 (-26.0 sen)
Volume: 2.82 bn (100-bar avg vol: 3.42 bn)
Value: RM2.58 bn (100-bar avg val: RM2.90 bn)
Market Breadth: ⬆️646 ⬇️441
Crude Palm Oil: RM4,551 (-RM47, -1.03%)
Dow Futures: 52,138 pts (+243 pts)
**Source: M+Global, Bloomberg ** | 2 199 |
| 19 | Good Morning All,
Here’s our IPO note on Big Caring Group Berhad (BCG): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
We assign a fair value of RM1.40 per share to BCG, indicating 29.6% upside from the IPO price of RM1.08. Our valuation applies a target P/E of 32.7x, in line with the peer average forward P/E, to mid-FY28 EPS of 4.28 sen.
Investment highlights include:
(i) The national leader in a fragmented market
(ii) A repeatable roll-out engine, backed by M&A
(iii) Scale is showing up in margins
(iv) Vertical integration adds a higher-margin layer
Research Team, M+Global
4 Nov 26 | 2 529 |
| 20 | M+ Global Market Update – 04Nov26
Tech Rebounds as Cybersecurity Takes Focus
US: Cybersecurity stocks may attract renewed interest as recent attacks expose vulnerabilities across connected infrastructure and enterprise networks. Cyberattacks disrupted supermarket refrigeration systems across Europe, highlighting growing operational technology security risks. This could reinforce demand for network and AI security solutions, putting Fortinet (FTNT) and Palo Alto Networks (PANW) in focus. Fortinet stands out after reporting 20% YoY revenue growth to US$2.08bn in 3Q26, supported by strong demand for its security solutions.
MY: The FBM KLCI may remain resilient, with renewable energy investments and cybersecurity demand offering stock-specific opportunities. TENAGA and IOICORP are in focus following their JV with a consortium of 12 SMEs to develop a 500MWac solar farm and 250MW/1,000MWh battery storage system in Bahau under CRESS. TENAGA and IOICORP hold 70% and 25% stakes, respectively, with total JV equity commitments of up to RM606.2m. PEKAT may attract greater institutional interest following regulatory approval for its Main Market transfer. Meanwhile, LGMS warrants attention as recent cyberattacks highlight operational technology vulnerabilities, potentially supporting demand for its cybersecurity solutions, subject to commercial uptake.
Stocks to watch:
Consumer: AAGB, *GCB*, *F&N*
Renewable Energy: *BMGREEN*
Ports & Logistics: *WPRTS*
Banking: *AMBANK*
Technology: *LGMS*
Building Materials: HUMEIND
Industrial: PGLOBAL
Construction: BNASTRA
Plantation: SOP
Source: M+ Global | 3 113 |
