M+ On-The-Go
Open in Telegram
📈 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 26 534 subscribers, ranking 4 566 in the Economy & Finance category and 1 310 in the Malaysia region.
📊 Audience metrics and dynamics
Since its creation on невідомо, the project has demonstrated rapid growth, gathering an audience of 26 534 subscribers.
According to the latest data from 13 July, 2026, the channel demonstrates stable activity. Although there has been a change in the number of participants by -92 over the last 30 days and by 0 over the last 24 hours, overall reach remains high.
- Verification status: Not verified
- Engagement rate (ER): The average audience engagement rate is 12.32%. Within the first 24 hours after publication, content typically collects 7.95% reactions from the total number of subscribers.
- Post reach: On average, each post receives 3 270 views. Within the first day, a publication typically gains 2 108 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, avg, breadth, dow, palm.
📝 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 14 July, 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.
26 534
Subscribers
No data24 hours
-257 days
-9230 days
Data loading in progress...
Similar Channels
Tags Cloud
Incoming and Outgoing Mentions
---
---
---
---
---
---
Attracting Subscribers
July '26
July '26
+10
in 3 channels
June '26
+62
in 3 channels
Get PRO
May '26
+144
in 2 channels
Get PRO
April '26
+39
in 2 channels
Get PRO
March '26
+59
in 4 channels
Get PRO
February '26
+45
in 4 channels
Get PRO
January '26
+45
in 3 channels
Get PRO
December '25
+30
in 3 channels
Get PRO
November '25
+70
in 3 channels
Get PRO
October '25
+55
in 3 channels
Get PRO
September '25
+14
in 3 channels
Get PRO
August '25
+9
in 2 channels
Get PRO
July '25
+15
in 4 channels
Get PRO
June '25
+10
in 3 channels
Get PRO
May '25
+12
in 2 channels
Get PRO
April '25
+18
in 3 channels
Get PRO
March '25
+13
in 3 channels
Get PRO
February '25
+22
in 2 channels
Get PRO
January '25
+34
in 3 channels
Get PRO
December '24
+54
in 4 channels
Get PRO
November '24
+80
in 5 channels
Get PRO
October '24
+111
in 5 channels
Get PRO
September '24
+69
in 4 channels
Get PRO
August '24
+196
in 7 channels
Get PRO
July '24
+261
in 8 channels
Get PRO
June '24
+298
in 6 channels
Get PRO
May '24
+305
in 3 channels
Get PRO
April '24
+190
in 7 channels
Get PRO
March '24
+175
in 7 channels
Get PRO
February '24
+176
in 7 channels
Get PRO
January '24
+281
in 9 channels
Get PRO
December '23
+182
in 13 channels
Get PRO
November '23
+107
in 10 channels
Get PRO
October '23
+109
in 11 channels
Get PRO
September '23
+143
in 0 channels
Get PRO
August '23
+124
in 0 channels
Get PRO
July '23
+172
in 0 channels
Get PRO
June '23
+219
in 0 channels
Get PRO
May '23
+358
in 0 channels
Get PRO
April '23
+520
in 0 channels
Get PRO
March '23
+527
in 0 channels
Get PRO
February '23
+242
in 0 channels
Get PRO
January '23
+294
in 0 channels
Get PRO
December '22
+236
in 0 channels
Get PRO
November '22
+300
in 0 channels
Get PRO
October '22
+341
in 0 channels
Get PRO
September '22
+149
in 0 channels
Get PRO
August '22
+177
in 0 channels
Get PRO
July '22
+171
in 0 channels
Get PRO
June '22
+340
in 0 channels
Get PRO
May '22
+118
in 0 channels
Get PRO
April '22
+230
in 0 channels
Get PRO
March '22
+328
in 0 channels
Get PRO
February '22
+217
in 0 channels
Get PRO
January '22
+296
in 0 channels
Get PRO
December '21
+178
in 0 channels
Get PRO
November '21
+460
in 0 channels
Get PRO
October '21
+526
in 0 channels
Get PRO
September '21
+508
in 0 channels
Get PRO
August '21
+550
in 0 channels
Get PRO
July '21
+954
in 0 channels
Get PRO
June '21
+1 662
in 0 channels
Get PRO
May '21
+1 044
in 0 channels
Get PRO
April '21
+2 167
in 0 channels
Get PRO
March '21
+1 608
in 0 channels
Get PRO
February '21
+1 155
in 0 channels
Get PRO
January '21
+13 507
in 0 channels
| Date | Subscriber Growth | Mentions | Channels | |
| 14 July | +2 | |||
| 13 July | 0 | |||
| 12 July | 0 | |||
| 11 July | +1 | |||
| 10 July | +3 | |||
| 09 July | +1 | |||
| 08 July | 0 | |||
| 07 July | 0 | |||
| 06 July | +1 | |||
| 05 July | 0 | |||
| 04 July | 0 | |||
| 03 July | 0 | |||
| 02 July | 0 | |||
| 01 July | +2 |
Channel Posts
M+ Global Market Update – 14Jul26
Local Bourse Shrugs Off Global Shocks
US: Given the shifting geopolitical dynamics, we expect Wall Street to lean into selective energy anchors as broader equities and US Treasuries decline following President Trump’s declaration to reinstate the blockade of Iranian ships in the Strait of Hormuz. While this escalation raises the risk of energy-driven inflation, we still believe the market could stay calmer than it was in February, highlighting growing geopolitical desensitisation rather than systemic panic. In view of the spike in Brent oil, we think investors may find a footing in Chevron (CVX) and ExxonMobil (XOM); both possess decent upstream fundamentals and are flashing strong technical breakouts as prime beneficiaries of defensive institutional rotation.
MY: Despite volatility across global markets, we expect the FBM KLCI to remain resilient following the conclusion of the Johor state election, as fund flows potentially shift towards high-alpha domestic growth stories. RAMSSOL’s recent headlines have been positive, as it unlocked a major catalyst via its AI platform partnership with Wofeng Global to compound its robust earnings recovery and regional expansion, while EDELTEQ presents a healthy entry point for a tech turnaround, where resilient double-digit top-line growth provides a sturdy fundamental cushion for a swift technical rebound.
Stocks to watch:
O&G: *DAYANG*, *PCHEM*, WASCO
Consumer: 99SMART, *ECOSHOP*
Plantation: JPG, *WTK*
Financial: *CIMB*, PBBANK
Utility: *GENERGY*
Transportation: *WPRTS*
Property: UEMS
**Source: M+ Global**
| 2 | M+ Market Buzz - 14Jul26
Dow Jones: 52,498.64 pts (-138.37pts, -0.26%)
⬆️ Resistance: 54400
⬇️ Support: 51100
FBM KLCI: 1,698.44 pts (+6.95pts, +0.41%)
⬆️ Resistance: 1740
⬇️ Support: 1650
HSI Index: 24,213.72 pts (+38.60pts, +0.16%)
⬆️ Resistance: 25000
⬇️ Support: 23000
Crude Palm Oil: RM4,533 (+RM10, +0.22%)
⬆️ Resistance: 4730
⬇️ Support: 4410
Brent Oil: $83.30 (+$7.29, +9.59%)
⬆️ Resistance: 85.60
⬇️ Support: 70.60
Gold: $4,002.39 (+$0.46, +0.01%)
⬆️ Resistance: 4270
⬇️ Support: 3910
Source: Bloomberg, M+ Global | 1 764 |
| 3 | M+ Global Market Wrap - 13Jul26
FBM KLCI: 1,698.44 pts (+6.95pts, +0.41%)
Despite the renewed uncertainty in the US-Iran tensions, the local bourse advanced today as a spike in crude palm oil prices sparked gains in plantation heavyweights stocks. However, overall market breadth remained negative, with 654 losers outpacing 440 gainers. The FBM KLCI was buoyed by SDG (+21.0 sen) and PMETAL (+15.0 sen). Sector-wise, the Plantation index (+2.01%) outperformed, led by SDG (+21.0 sen) and IOICORP (+9.0 sen), while Technology (-1.77%) lagged the most, mirroring global chip sector weakness.
Top 3 Active stocks:
TANCO (2429): RM0.240 (+4.5 sen)
ZETRIX (0138): RM0.765 (+1.5 sen)
VS (6963): RM0.210 (+1.5 sen)
Top 3 Gainer stocks:
UTDPLT (2089): RM35.02 (+76.0 sen)
KLK (2445): RM21.88 (+28.0 sen)
SDG (5285): RM6.45 (+21.0 sen)
Top 3 Loser stocks:
MPI (3867): RM44.30 (-170.0 sen)
F&N (3689): RM28.94 (-76.0 sen)
PETDAG (5681): RM19.22 (-34.0 sen)
Volume: 3.10 bn (100-bar avg vol: 3.29 bn)
Value: RM2.24 bn (100-bar avg val: RM3.25 bn)
Market Breadth: ⬆️440 ⬇️654
Crude Palm Oil: RM4,513 (+RM9, +0.20%)
Dow Futures: 52,955 pts (+49 pts)
**Source: M+ Global, Bloomberg ** | 1 933 |
| 4 | M+ Global Market Update – 13Jul26
Hormuz Reopening Ignites Market Rally
US: Despite last week's missile strikes in the Middle East, the U.S. Central Command (CENTCOM) confirmed that the Strait of Hormuz remains fully open and maritime shipping traffic continues to flow smoothly. Thus, we expect the global equity markets to decisively pivot back into a "risk-on" mode, where this shift should create significant upside opportunities across the broader Technology sector, which continues to be the primary beneficiary of the structural AI supercycle. Moreover, market sentiment surrounding pure-play memory chipmakers, such as Micron, Western Digital and SanDisk, will be substantially bolstered by SK Hynix’s record-breaking, multi-billion-dollar Nasdaq debut last week.
MY: Closer to home, we expect positive sentiment to spill over following confirmation that the Strait of Hormuz remains open. We expect the Energy sector to soften as Brent crude prices pull back, prompting funds to shift toward domestic growth stories. We favour AGX Group Berhad (AGX) for its 2.2-sen special dividend (~5.2% yield) ahead of Wednesday's ex-date, backed by an aerospace logistics monopoly that effortlessly passes on surging freight tariffs. Meanwhile, Mi Technovation Berhad (MI) remains a resilient tactical buy, with its upcoming SGX Mainboard spin-off acting as an independent corporate re-rating catalyst.
Stocks to watch:
Technology: FRONTKN, *MCLEAN*, NATGATE, *SCICOM*, *VSTECS*
Consumer: *LHI*, *LWSABAH*
Construction: *SUNCON*, UUE
Property: SCIENTX
Plantation: WTK
**Source: M+ Global** | 3 268 |
| 5 | M+ Morning Market Buzz - 13Jul26
Dow Jones: 52,637.01 pts (+149.60pts, +0.29%)
⬆️ Resistance: 54400
⬇️ Support: 51100
FBM KLCI: 1,691.49 pts (+13.85pts, +0.83%)
⬆️ Resistance: 1740
⬇️ Support: 1650
HSI Index: 24,175.12 pts (+144.94pts, +0.60%)
⬆️ Resistance: 25000
⬇️ Support: 22800
Crude Palm Oil: RM4,513 (-RM81, -1.76%)
⬆️ Resistance: 4730
⬇️ Support: 4410
Brent Oil: $76.01 (+$2.44, +3.21%)
⬆️ Resistance: 82.30
⬇️ Support: 69.60
Gold: $4,119.93 (-$48.48, -1.18%)
⬆️ Resistance: 4290
⬇️ Support: 3950
Source: Bloomberg, M+ Global | 2 599 |
| 6 | M+ Global Market Wrap - 10Jul26
FBM KLCI: 1,691.49 pts (+13.85pts, +0.83%)
The local bourse traded on a positive note today as investors looked past the continued uncertainty surrounding U.S.-Iran ceasefire talks. Market breadth remained positive, with 648 gainers outpacing 444 losers. The FBM KLCI was lifted by SUNWAY (+17.0 sen) and PMETAL (+14.0 sen). Sector-wise, Plantation (+1.38%) outperformed, led by IOICORP (+15.0 sen) and SDG (+8.0 sen), while Energy (-0.66%) was the biggest laggard.
Top 3 Active stocks:
TANCO (2429): RM0.195 (+0.5 sen)
ZETRIX (0138): RM0.750 (+2.5 sen)
NATGATE (0270): RM0.880 (+7.5 sen)
Top 3 Gainer stocks:
F&N (3689): RM29.70 (+78.0 sen)
NESTLE (4707): RM91.80 (+50.0 sen)
DKLS (7528): RM1.83 (+41.0 sen)
Top 3 Loser stocks:
ALLIANZ (1163): RM20.84 (-28.0 sen)
MPI (3867): RM46.00 (-26.0 sen)
VITROX (0097): RM7.39 (-15.0 sen)
Volume: 2.85 bn (100-bar avg vol: 3.28 bn)
Value: RM2.25 bn (100-bar avg val: RM3.26 bn)
Market Breadth: ⬆️648 ⬇️444
Crude Palm Oil: RM4,594 (-RM76, -1.65%)
Dow Futures: 52,829 pts (+68 pts)
**Source: M+ Global, Bloomberg ** | 2 335 |
| 7 | Good Afternoon All,
After attending AEON Credit Service (M) Berhad’s 1QFYE27 results briefing, here are our quick take for investors:
📈 Investment Highlights
📌 Strong opening to FYE27 with core PAT expanding 20.5% YoY to RM93.4m, backed by a 7.9% top-line growth to RM647.6m driven by stronger loan and financing growth.
📌 Gross Financing Receivables grew 9.8% YoY from RM14.6bn to RM16.1bn, led by double-digit expansions in the Payment Business (+14.1% YoY) and Personal Financing (+10.8% YoY).
📌 Premium segments gaining traction, with Superbike transaction volumes surging 48.7% YoY during the Hari Raya period
📌 Cost optimization via digitalization, as the Cost-to-Income Ratio (CIR, excluding impairment losses) improved to 26.7% (vs. 27.8% in 1QFYE26), aided by stringent cost management and automated AI Voice Bots that now handle 10% of low-risk D0 collection calls.
📌 Healthy and stable asset quality with the Non-Performing Loan (NPL) ratio well-contained at 2.60% (down from 2.61% in 4QFYE26) and a Loan Loss Coverage ratio of 195% providing comfortable buffers.
📌 New monetization and recovery horizons, with management exploring bad debt sales in FYE27 (targeting proceeds of RM20-40m) and gearing up to launch the 1st phase of its AEON360 Ecosystem Customer Development Platform (CDP) in July 2026.
💡 M+ Global View
📌 We like AEON Credit’s integration into the massive AEON retail ecosystem via AEON360 and its data-sharing initiatives as its competitive advantage, providing a low-cost customer acquisition funnel. While near-term bottom-line growth is partially tempered by its 50% share of losses from AEON Bank, it’s part of the gestation cost for a digital banking entity tracking cleanly toward a Year 5 breakeven target.
📌 The deployment of cost-saving infrastructure like the Data & AI Centre of Excellence launched in June 2026 will continue to insulate operating margins and slashes personnel overhead costs or problems.
📌 In short, some of AEON Credit catalysts include (i) higher financing receivables and transaction volume leading to stronger income growth, (ii) better operational efficiencies from 24/7 AI-driven collection bots and establishment of data and AI centre of excellence, and (iii) immediate catalysts from upcoming ecosystem data-monetization like AEON360 and bad debt sales.
M+ Global Research Team
10Jul26 | 1 967 |
| 8 | Good Morning All,
We issued a company update report on our coverage stock IGB Commercial REIT: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
📌1QFY26 recap. IGBCR registered 1QFY26 revenue of RM68.9m (+10.5% YoY) with core PAT of RM28.8m (+14.3% YoY). Distributable income rose 22.4% YoY to RM32.2m, translating to a DPU of 1.33 sen. The improvement was driven by higher occupancy and positive rental reversions across the portfolio.
📌High occupancy rate and positive rental reversions. Portfolio occupancy rate stood at 92.9%, with Mid Valley City occupancy climbed from 94.3% in 1QFY25 to 96.6% in 1QFY26, while KL City improved from 80.6% to 86.7% over the same period. Meanwhile, average monthly rental rate increased from RM6.4/sqft in 1QFY25 to RM6.6/sqft in 1QFY26, with Mid Valley City rates improved from RM6.8/sqft to RM7.1/sqft, while KL City edged up from RM5.7/sqft to RM5.8/sqft. The sustained improvement reflects the ongoing "flight to quality" demand, with tenants gravitating towards well-managed, green-certified Grade A offices with strategic locations and superior connectivity.
📌First REIT in Malaysia to have 100% green-certified portfolio. IGBCR is the first REIT in Malaysia to achieve 100% Green Building Index (GBI) certification across its entire 10-property portfolio in FY25. This ESG advantage positions IGBCR favourably to attract MNCs with sustainability mandates and supports premium rental positioning. Management's ongoing AEIs, including lobby modernisations and energy-efficient lighting upgrades, further reinforce the portfolio's competitive edge.
📌WHT removal acts as sector headwind, but fundamentals unaffected. The Inland Revenue Board’s Practice Note No. 2/2026 confirmed the cessation of the preferential 10% withholding tax (WHT) on REIT distributions from YA2026 onwards. Resident individuals will now be taxed at their prevailing personal income tax rates (0%-30%), while non-resident individuals and foreign institutional investors face a higher 30% rate (previously 10%). Importantly, this change does not affect REIT-level operations or earnings, the tax-transparent structure is preserved provided at least 90% of total income is distributed. While the removal reduces post-tax yield appeal for higher-income and foreign investors, IGBCR’s gross distribution yield of ~7.5% provides a meaningful buffer, with net yields still estimated at 5.3%-7.5% depending on investor tax profile, with low-income residents retaining the full 7.5% gross yield and non-residents facing a 30% WHT.
Maintain BUY with the same TP of RM0.70. We maintain our BUY recommendation with the same target price of RM0.70. The target price is derived based on a targeted yield of 6.0% on its mid-FY27f EPU of 4.22 sen.
Research Team, M+
10 July 2026 | 1 657 |
| 9 | M+ Morning Market Buzz - 10Jul26
Dow Jones: 52,487.41 pts (+139.02pts, +0.27%)
⬆️ Resistance: 54400
⬇️ Support: 51100
FBM KLCI: 1,677.64 pts (-5.97pts, -0.35%)
⬆️ Resistance: 1730
⬇️ Support: 1630
HSI Index: 24,030.18 pts (-169.28pts, -0.70%)
⬆️ Resistance: 24900
⬇️ Support: 22800
Crude Palm Oil: RM4,594 (-RM24, -0.52%)
⬆️ Resistance: 4730
⬇️ Support: 4380
Brent Oil: $76.30 (-$1.72, -2.20%)
⬆️ Resistance: 82.30
⬇️ Support: 69.60
Gold: $4,123.64 (-$0.33, -0.01%)
⬆️ Resistance: 4290
⬇️ Support: 3950
Source: Bloomberg, M+ Global | 2 373 |
| 10 | M+ Global Market Update – 10Jul26
Market Shrugs Off US-Iran Concerns
US: Against the backdrop of a mixed U.S.–Iran diplomatic development, Brent oil prices have slid, while global markets rebounded. We expect this sentiment to continue as the market appears to have brushed off concerns over Middle East tensions. Hence, we expect fund flows to rotate back into the technology sector. Nvidia (NVDA) is poised to lead the rebound today, indicating that AI demand remains insatiable, while domestic memory giant Micron Technology (MU) stands ready to capture strong follow-through buying. Finally, driving major momentum is SK Hynix’s blockbuster U.S. debut today, which is over seven times oversubscribed, expected to price at $149, and expected to pull in more than $26 billion.
MY: With the rebound in global markets, coupled with a slide in Brent oil prices as the market has immune to the US-Iran tension, we expect the FBM KLCI to stay positive for the session. Markets may continue trading the technology sector alongside domestic plays with decent catalysts. We favour Insights Analytics Berhad (IAB) due to (i) its massive RM420m tender pipeline, (ii) upcoming high-margin AI/IoT Digital Twin commercialization, and (iii) a strong net cash position for large utility projects. Meanwhile, the recent price drop in UWC Berhad offers a decent "buy the dip" opportunity ahead of the cyclical tech hardware recovery. Lastly, Stratus Global (M+ TP: RM 2.00) closes its IPO application at 5pm today.
Stocks to watch:
Consumer: *BAUTO*, *ECOSHOP*, *GCB*, *LWSABAH*, SPRITZER
Technology: AMS, OXB
Utility: *BMGREEN*
Construction: *SUNCON*
Financial: WELLCHIP
**Source: M+ Global** | 3 817 |
| 11 | M+ Global Market Wrap - 9Jul26
FBM KLCI: 1,677.64 pts (-5.97pts, -0.35%)
Renewed uncertainty over US-Iran hostilities, which also prompted the IMF to lower its 2026 global growth forecast due to inflation concerns, kept the local bourse trading cautiously today. Despite this, market breadth remained positive, with 533 gainers outpacing 504 losers, although the FBM KLCI was dragged lower by MAYBANK (-8.0 sen) and PBBANK (-8.0 sen). Sector-wise, Technology (+1.27%) outperformed, led by UNISEM (+15.0 sen) and FRONTKN (+11.0 sen), amid a strong AI demand outlook, while Financial Services (-0.79%) was the worst-performing sector. IPO SRKKAI debuted today, closing at RM0.61 compared with its IPO price of RM0.32.
Top 3 Active stocks:
SRKKAI (0466): RM0.610 (+29.0 sen)
ZETRIX (0138): RM0.725 (-2.5 sen)
DNEX (4456): RM0.440 (+1.0 sen)
Top 3 Gainer stocks:
MPI (3867): RM46.26 (+56.0 sen)
SRKKAI (0466): RM0.610 (+29.0 sen)
KGB (0151): RM7.98 (+28.0 sen)
Top 3 Loser stocks:
F&N (3689): RM28.92 (-72.0 sen)
HLBANK (5819): RM21.70 (-38.0 sen)
BLDPLNT (5069): RM14.84 (-36.0 sen)
Volume: 2.64 bn (100-bar avg vol: 3.29 bn)
Value: RM2.19 bn (100-bar avg val: RM3.27 bn)
Market Breadth: ⬆️533 ⬇️504
Crude Palm Oil: RM4,609 (-RM28, -0.61%)
Dow Futures: 52,666 pts (+42 pts)
**Source: M+ Global, Bloomberg ** | 2 022 |
| 12 | Good Afternoon All,
After attending Insights Analytics Berhad’s (IAB) 4QFY26 results briefing, here are our quick take for investors:
Investment Highlights
📌Achieved record-breaking full-year FY26 financial performance, with revenue surging 248% YoY from RM49.6m in FY25 to RM172.6m in FY26, while PAT grew 118.4% YoY from RM19.0m to RM41.5m during the same period of time.
📌An unbilled order book of RM64.5m as of 30 April 2026 provides clear near-term revenue visibility.
📌Massive expansion in the tender pipeline, skyrocketing from RM46m in January 2026 to RM420m as of April 2026, driven heavily by Water Technology Solutions.
📌Net cash position with RM29.7m in cash and equivalents against minimal borrowings of RM0.1m, giving the group high financial flexibility for strategic expansions.
📌Near-term high-margin catalyst on the horizon, with management awaiting a Letter of Intent (LOI) from the Sarawak government for its first Digital Twin project deployment within the next 3-6 months.
📌Successfully diversified into the smart power sector via a new RM12.24m contract for the Upper Lanang substation under Sarawak Energy, opening up future digital retrofitting opportunities.
📈 M+ Global View
📌We favour IAB as the utility tech landscape in East Malaysia is expected to be continuously buoyed by Sarawak's various government initiatives including the RM20bn Water Transformation Blueprint, RM1.1bn Smart Pipe Replacement Programme, and the RM2.53bn National NRW Programme.
📌We view IAB's ability to bundle proprietary technology with infrastructure works as its key competitive advantage, allowing it to command a pricing premium in both East and West Malaysia. While blended gross margins moderated to 36.5% in FY26 due to a higher mix of lower-margin infrastructure construction projects, we anticipate an upward margin re-rating once high-margin, recurring Digital Twin solutions commence their divisional rollouts.
📌Lastly, we favour IAB due to (i) its exponential RM420m tender pipeline that ensures long-term development visibility, (ii) the impending high-margin commercialization of its AI and IoT-driven Digital Twin platforms, and (iii) its strong net cash position to fund large-scale utility and smart city projects.
M+ Global Research Team
9Jul26 | 2 900 |
| 13 | Good Morning All,
We issued a company update note on our coverage stock EITA Resources Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Newsbreak
• EITA Resources Berhad announced that its wholly-owned subsidiary, Furutec Electrical Sdn Bhd, has secured a contract worth RM20.5m to supply and deliver its proprietary busduct systems for a data centre project in Indonesia. The letter of award was accepted from an unnamed customer. The contract is short-term and fast-tracked, scheduled to run from June 2026 to September 2026, and the win is expected to contribute directly and positively to EITA’s earnings for FY26.
M+ Global View
• We view this contract win positively, though it remains neutral on earnings as it falls well within our full-year revenue assumptions for FY26. Nonetheless, this represents a crucial operational milestone as it extends EITA’s data centre footprint regionally into Indonesia, serving as a key growth catalyst for its proprietary Busduct business by tapping into the regional data centre boom.
• The fast-track 4-month execution timeline ensures immediate earnings conversion that will support 4QFY26. Assuming a conservative net profit margin of 5.0%, this project is expected to contribute roughly RM1.0m to the group's bottom line. As this targeted run-rate is already accounted for in our current forecasts, we make no changes to our existing FY26 core earnings forecasts.
Valuation & Recommendation
• Forecast. Maintained.
• Remained BUY with a same TP of RM0.60. We maintained Buy on EITA with an unchanged target price of RM0.60. The target price is derived based on a P/E ratio of 11.0x pegged to our FY27f EPS of 5.43 sen.
Research Team, M+ Global
9 Jul 2026 | 1 810 |
| 14 | M+ Global Market Update – 09Jul26
U.S.-Iran Tensions May Drag The Markets Again
US: Following President Trump's declaration that the US–Iran ceasefire is officially over, coupled with a spike in Brent oil, we expect Wall Street to trade in a risk-off mode today. However, the surge in crude oil prices should bode well for energy stocks, including Chevron Corporation and Cheniere Energy. Meanwhile, despite the broader market sell-down, Broadcom managed to buck the trend and trade higher, supported by its multi-year agreement with Apple worth over USD30bn to design and engineer custom product components. The Fed has also decided to maintain its benchmark interest rate target range between 3.50% and 3.75% at this latest FOMC meeting, while remaining divided on the future rate outlook.
MY: Tracking Wall Street’s sell-down for the second consecutive day, we expect the FBM KLCI to exhibit a lacklustre tone today. Meanwhile, with the rebound in oil prices expected to bode well for energy players, upstream and downstream counters such as DIALOG, HENGYUAN, and ARMADA are poised to benefit. Concurrently, plantation players might also see increasing buying interest following the ongoing El Niño weather conditions, alongside the market treating CPO as a viable structural alternative to rising energy prices. Lastly, digital transformation and IT solutions provider SRKK AI Berhad (M+ TP: RM 0.54) will make its ACE Market debut today.
Stocks to watch:
Construction: HEGROUP, *JTGROUP*, SUNCON
Plantation: HSPLANT, *THPLANT*, *WTK*
Consumer: *BAUTO*, *LWSABAH*
O&G: *DELEUM*
Financial: PBBANK
**Source: M+ Global** | 3 577 |
| 15 | M+ Morning Market Buzz - 9Jul26
Dow Jones: 52,348.39 pts (-576.76pts, -1.09%)
⬆️ Resistance: 54400
⬇️ Support: 51100
FBM KLCI: 1,683.61 pts (+0.68pts, +0.04%)
⬆️ Resistance: 1730
⬇️ Support: 1630
HSI Index: 24,199.46 pts (+702.57pts, +2.99%)
⬆️ Resistance: 24800
⬇️ Support: 22500
Crude Palm Oil: RM4,609 (+RM15, +0.33%)
⬆️ Resistance: 4720
⬇️ Support: 4380
Brent Oil: $78.02 (+$3.86, +5.20%)
⬆️ Resistance: 82.30
⬇️ Support: 68.80
Gold: $4,077.43 (-$1.32, -0.05%)
⬆️ Resistance: 4290
⬇️ Support: 3950
Source: Bloomberg, M+ Global | 2 884 |
| 16 | M+ Global Market Wrap - 8Jul26
FBM KLCI: 1,683.61 pts (+0.68pts, +0.04%)
The local bourse traded cautiously today amid heightened geopolitical tensions from renewed US-Iran strikes and an elevated threat level in the Strait of Hormuz sent global oil prices surging. Market breadth was negative with 627 losers outpacing 460 gainers. The FBM KLCI was buoyed by PCHEM (+22.0 sen) and CDB (+7.0 sen). Sector wise, Energy (+1.31%) outperformed, led by DIALOG (+6.0 sen) and ARMADA (+1.5 sen), while Health Care (-0.78%) lagged the most.
Top 3 Active stocks:
ZETRIX (0138): RM0.750 (-0.5 sen)
AAX (5238): RM1.14 (-4.0 sen)
GIIB (7192): RM0.505 (+0.5 sen)
Top 3 Gainer stocks:
UTDPLT (2089): RM34.34 (+60.0 sen)
ALLIANZ (1163): RM20.98 (+38.0 sen)
NESTLE (4707): RM91.10 (+30.0 sen)
Top 3 Loser stocks:
UMSINT (5340): RM7.80 (-32.0 sen)
PETGAS (6033): RM17.52 (-28.0 sen)
HLIND (3301): RM18.68 (-26.0 sen)
Volume: 2.96 bn (100-bar avg vol: 3.29 bn)
Value: RM2.18 bn (100-bar avg val: RM3.28 bn)
Market Breadth: ⬆️460 ⬇️627
Crude Palm Oil: RM4,547 (+RM46, +1.01%)
Dow Futures: 52,505 pts (-692 pts)
**Source: M+ Global, Bloomberg ** | 2 248 |
| 17 | Good Morning All,
We issued a technical buy call on 99 Speed Mart Holdings Bhd (99SMART): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com)
Trading catalysts include:
(i) Continuous outlet expansion and longer operating hours
(ii) SARA and Budget 2027 tailwinds
(iii) EPF accumulation reflecting institutional confidence
Research Team, M+ Global
8 Jul 2026 | 2 673 |
| 18 | M+ Global Market Update – 08Jul26
Nasdaq Dropped 1% As AI Stocks Took A Hit
US: Even though Samsung's preliminary quarterly operating profit surged nearly 20-fold YoY, its stock tumbled over 6% in Seoul. This underscores how sky-high investor expectations for chipmakers and the AI boom were potentially already reflected in current valuations, subsequently dragging down Wall Street semiconductor stocks. However, this consolidation offers a decent entry point for equipment giant Lam Research (LRCX), which pulled back toward its EMA60 and remains robustly supported by booming global HBM demand. Moving forward, the market will focus on SK Hynix's highly anticipated Nasdaq debut this Friday.
MY: Tracking Wall Street’s negative overnight performance, we expect sentiment on the FBM KLCI to remain mixed, with immediate selling pressure concentrated in the tech sector. However, we still favour SKYECHIP following its strategic engineering partnership with US-based AI chip pioneer Cerebras Systems for advanced AI chip design. Meanwhile, the recent pullback in YTL Power presents a healthy entry point, as the utility giant is structurally well-positioned to leverage the rapid expansion of AI-driven data centers and the subsequent surge in electricity demand. Lastly, we like LWSabah as it rides on powerful, multi-pronged tailwinds, including (i) the upcoming Visit Malaysia 2026 tourism boom, (ii) margin expansion driven by higher ASPs, and (iii) the acceleration of its market penetration into Sarawak and Brunei.
Stocks to watch:
Consumer: *BAUTO*, *ECOSHOP*, *GCB*, *LWSABAH*, SPRITZER
Technology: AMS, OXB
Utility: *BMGREEN*
Construction: *SUNCON*
Financial: WELLCHIP
**Source: M+ Global** | 3 174 |
| 19 | M+ Morning Market Buzz - 8Jul26
Dow Jones: 52,925.15 pts (-130.76pts, -0.25%)
⬆️ Resistance: 54400
⬇️ Support: 51000
FBM KLCI: 1,682.93 pts (-0.60pts, -0.04%)
⬆️ Resistance: 1720
⬇️ Support: 1630
HSI Index: 23,496.89 pts (-119.43pts, -0.51%)
⬆️ Resistance: 24300
⬇️ Support: 22500
Crude Palm Oil: RM4,547 (-RM4, -0.09%)
⬆️ Resistance: 4690
⬇️ Support: 4380
Brent Oil: $74.16 (+$2.17, +3.01%)
⬆️ Resistance: 78.20
⬇️ Support: 68.80
Gold: $4,106.24 (-$5.38, -0.13%)
⬆️ Resistance: 4290
⬇️ Support: 3890
Source: Bloomberg, M+ Global | 2 758 |
| 20 | M+ Global Market Wrap - 7Jul26
FBM KLCI: 1,682.93 pts (-0.60pts, -0.04%)
Renewed geopolitical tensions following reports of an Iranian attack on commercial ships in the Strait of Hormuz led the local bourse to trade on a cautious tone today. The FBM KCLI was dragged by SDG (-6.0 sen) and PCHEM (-8.0 sen) with overall market breadth negative with 578 losers outpacing 410 gainers. Sector wise, Health Care (+0.47%) outperformed, led by IHH (+5.0 sen) and SUNMED (+2.0 sen), while Telecommunications (-1.76%) lagged the most. IPO RESTNGO debuted today, closing at RM0.13, which is equivalent to its IPO price.
Top 3 Active stocks:
RESTNGO (0465): RM0.130 (UNCH)
ZETRIX (0138): RM0.755 (-0.5 sen)
TANCO (2429): RM0.180 (-0.5 sen)
Top 3 Gainer stocks:
F&N (3689): RM29.66 (+56.0 sen)
BKAWAN (1899): RM21.50 (+32.0 sen)
PETGAS (6033): RM17.80 (+30.0 sen)
Top 3 Loser stocks:
ALLIANZ (1163): RM20.60 (-50.0 sen)
DLADY (3026): RM32.00 (-40.0 sen)
VITROX (0097): RM7.48 (-15.0 sen)
Volume: 2.69 bn (100-bar avg vol: 3.30 bn)
Value: RM2.06 bn (100-bar avg val: RM3.29 bn)
Market Breadth: ⬆️410 ⬇️578
Crude Palm Oil: RM4,550 (+RM14, +0.31%)
Dow Futures: 53,458 pts (+86 pts)
**Source: M+ Global, Bloomberg ** | 2 278 |
