️Macro Alpha Analytics🫆

《港股》恒指高開77點 科技股造好 京東及網易上揚 http://www.aastocks.com/tc/stocks/news/aafn-news/NOW.1468933/2

Exclusive: Tesla market share in US drops to lowest since 2017 as competition heats up | Reuters https://www.reuters.com/business/autos-transportation/tesla-market-share-us-drops-lowest-since-2017-competition-heats-up-2025-09-08/

PETRONAS’ 2025 capex moderation impact, which amounted to RM18bn YTD vs. RM26bn a year ago (-31% yoy), was seen across the sector’s supply chain duringthe June 2025 quarter reporting season, which included brownfield maintenance works that were previously deemed shielded by the exercise. Looking ahead, we do not foresee a significant improvement in 2H25 while not ruling out further reductions in upstream spending in 2026, albeit at a slower pace, in anticipation of a lower oil price environment.

Malaysia Strategy – Indonesia’s abrubt change in Finance Minister risk market turmoil Indonesian President Prabowo Subianto abruptly replaced Sri Mulyani Indrawati as Finance Minister, risking renewed market turmoil for the country, following violent protests in recent weeks against his administration. Purbaya Yudhi Sadewa, who has served as chairman of the Deposit Insurance Corporation since 2020, was sworn in as Finance Minister. Comment:The abrupt change in Finance Minister could weaken sentiment on the Indonesian capital markets, following the replacement Sri Mulyani that has enjoyed widespread respect among international investors for keeping the federal government deficit below the legal limit of 3% of GDP. This could also affect sentiment Malaysian listed companies with exposure to Indonesia. CIMB (BUY), Press Metal (BUY), YTL Power (BUY), Axiata (HOLD), KL Kepong (BUY), Genting Plantation (HOLD) and SD Guthrie (HOLD) have substantial exposure to Indonesia as highlighted in our recent Strategy report dated 2 September 2025 (Page 5, Fig 5). There could be short-term selling pressure on the stocks with Indonesian exposure due to uncertainties and weak sentiment. However, the long-term impact will depend on the Indonesian government’s policies and the impact on the economy or certain industries. Indonesian operation contributes about 24% of CIMB’s PBT but its exposure to state-owned enterprise loans are low relative to the local banks, and hence the risk for its subsidiary PT Bank Niaga’s operation is mostly on any economic slowdown in Indonesia. We maintain our BUY recommendations on CIMB, Press Metal, YTL Power and KL Kepong on fundamental basis but acknowledge there are risks for its Indonesian exposure. Source : Affin Hwang

StanChart expects Fed to cut rates by 50 bps next week after weak jobs data | Reuters https://www.reuters.com/business/stanchart-expects-fed-cut-rates-by-50-bps-next-week-after-weak-jobs-data-2025-09-08/

"Nasdaq notches record high close; traders focus on rate cuts" https://www.investing.com/news/economy-news/us-stock-index-futures-inch-up-on-ratecut-hopes-after-last-sessions-pullback-4228487

Qualcomm and Google Cloud Deepen Collaboration to Bring Agentic AI Experiences to the Auto Industry https://www.prnewswire.com/news-releases/qualcomm-and-google-cloud-deepen-collaboration-to-bring-agentic-ai-experiences-to-the-auto-industry-302547444.html

Govt finalising RON95 subsidy eligibility, says Amir Hamzah https://www.thestar.com.my/business/business-news/2025/09/08/govt-finalising-ron95-subsidy-eligibility-says-amir-hamzah?utm_medium=socmed&utm_campaign=TG

🛠 DTI-Samsung JV (50:50) named preferred contractor for major works in North West Tasmania and Cippsland. 🛠 Contract currently in final negotiations with protect owner TasVic Greenlink and represents the final of three contracts under the Marinus Link Stage 1, which has a provisional total cost of A$3.9bn (RM10.8bn). 🛠 This is for the first 750MW inter-connector which will enable the sharing of power resources between Tasmania and Victoria, including green energy. To be developed in two stages, the total cost for Marinus Link is estimated at A$5bn. 🛠 Scope of works: construction of converter stations in Heybridge and Hazelwood; installation of equipment; and land cable civil works spanning 90km across Cippsland.

日股跳空飙1%　刷历史新高！ | 财经 | 東方網 馬來西亞東方日報 https://www.orientaldaily.com.my/news/business/2025/09/08/760042