BIMB SECURITIES

📊 BIMB SECURITIES RESEARCH: WEEKLY MARKET INSIGHTS (8 JUNE 2026) 📈 📉 *MARKET PERFORMANCE OVERVIEW* - *FBMKLCI:* Gained 0.6% WoW to close at 1,693.4, showing resilience and outperforming major global indices. - *Foreign Funds:* Remained net sellers with an outflow of -RM1,048mn, though this moderated from the previous week's heavy sell-off. - *Local Institutions:* Continued to anchor the market, providing support with net purchases of +RM774mn. - *Commodities & FX:* Brent Crude rose +1.1% to USD93.09/bbl, while CPO edged up to RM4,492/MT. The Ringgit depreciated slightly to 4.03 against the USD. Gold saw a sharp correction, dropping -4.7%. 🎯 *STRATEGY & MARKET OUTLOOK* Malaysia remains highly resilient despite global technology sector volatility and AI valuation concerns. Strong domestic fundamentals, including a 5.4% Q1 GDP growth, act as a cushion against external weaknesses. ⚠️ *Key Risk to Watch:* External shocks, such as an accelerated global tech sell-off or escalating international tariff conflicts, could pressure capital flows and currency volatility. 💡 *Core Theme:* "Fortifying Portfolios via Defensive Yields and Infrastructure" — prioritizing resilient dividend-paying stocks and companies linked to national infrastructure growth. 🔥 *TOP 5 WATCHLIST FOR THE WEEK* *1. ⚡ Tenaga Nasional (BUY; TP: RM16.77)* - *Catalyst:* Benefiting from surging data center power demand and national energy transition initiatives. *2. 🌐 Telekom Malaysia (BUY; TP: RM7.78)* - *Catalyst:* Growth driven by structural increases in broadband usage and expanding digital infrastructure. *3. ⛽ Petronas Dagangan (HOLD; TP: RM18.20)* - *Catalyst:* Supported by resilient retail margins and steady domestic consumption. *4. 🏗️ Sunway Construction (BUY; TP: RM8.28)* - *Catalyst:* Anchored by aggressive order book replenishment from data center and infrastructure contracts. *5. 🚧 Gamuda (BUY; TP: RM6.29)* - *Catalyst:* Momentum from MRT3 contracts and growing exposure to data center civil works. *Prepared for investor reference only. Please do your own assessment and risk mitigation or consult with your licensed dealer representative before making investment decisions.* *Source: Condensed from BIMB Securities Research Strategy Report (8 June 2026).*

📊 WEEKLY MARKET INSIGHTS (3 JUN 2026) 📈 📉 *MARKET PERFORMANCE OVERVIEW* - *FBMKLCI:* Dropped 1.7% WoW to close at 1,683.1, underperforming global and regional peers. - *Foreign Funds:* Registered a heavy net outflow of -RM2,531mn (worsening from -RM913mn in Week 21) as funds rotated into North Asian tech stocks. - *Local Institutions:* Acts as the primary counterweight, net buying +RM2,120mn to absorb the foreign selloff. - *Commodities & FX:* Brent Crude plummeted -11.1% to USD92.05/bbl due to easing West Asia tensions. Ringgit held steady at 3.96 against the USD, while CPO nudged up to RM4,470/MT. 🎯 *OUR VIEW & MARKET OUTLOOK* - The domestic market is poised for a cautious recovery. While heavy foreign outflows and global capital reallocation present short-term headwinds, Malaysia’s acceleration into a *regional data centre powerhous* e provides strong foundational support. - ⚠️ *Key Risk to Watch:* If foreign capital continues its aggressive shift toward high-beta North Asian manufacturing hubs, domestic institutional liquidity will bear the heavy burden of defending key technical support levels. - 💡 *Core Theme:* "Technology Leadership & Domestic Value Capture" — focusing on semiconductor back-end growth and local data centre infrastructure expansions. 🔥 *TOP 5 WATCHLIST FOR THE WEEK* 1️⃣ *Inari (BUY; Target/Price: RM1.92)* Catalyst: Dominates high-end radio frequency testing; a critical beneficiary of AI-integrated smartphones and high-speed data transmission. 2️⃣ *MPI (HOLD; Target/Price: RM39.30* ) Catalyst: A leading semiconductor packaging specialist, though near-term upside remains capped by a sluggish global consumer tech recovery. 3️⃣ *Tenaga Nasional (BUY; Target/Price: RM16.63)* Catalyst: Stable, long-term returns as the sole national grid provider powering massive energy loads for new hyperscale data centres. 4️⃣ *Matrix Concepts (BUY; Target/Price: RM1.49)* Catalyst: Backed by strong housing development demands, specifically from economic spillovers in the Southern hub. 5️⃣ *Gamuda (BUY; Target/Price: RM6.29)* Catalyst: Growth anchored by solid MRT3 contract momentum and rapidly expanding exposure to data centre civil works. *Prepared for investor reference only. Please do your own assessment and risk mitigation or consult withc your licensed dealer representative before making investment decisions.* *Source: Condensed from BIMB Securities Research Strategy Report (25 May 2026).*

Assalamualaikum and Greetings, Dear Valued Clients, Please be informed that Bursa Malaysia will be closed on Tuesday, 2 June 2026, as a replacement public holiday. In conjunction with Wesak Day on Sunday, 31 May 2026, and the Official Birthday of His Majesty the Yang di-Pertuan Agong on Monday, 1 June 2026. All GTD and GTC orders with expiry date of 2 June 2026 will expire at 5:30 PM on Friday, 29 May 2026. Trading will resume on Wednesday, 3 June 2026.

*Special Brokerage Promotion for BISonline* Salam& greetings all, As briefed during the Platform Update session on 30 April 2026 at 5.30pm, the Special Brokerage Promotion for BISonline trading has been activated effective *22 May 2026 until 30 June 2026*. Under this promotion, clients trading online via *BISonline* will enjoy a special brokerage rate of *0.1% or a minimum of RM1.00* per transaction, for stocks listed on Bursa Malaysia. A notification email has also been disseminated to all clients accordingly. Kindly refer to and read the full Terms & Conditions of the promotion for your information and clarification when attending to client enquiries. https://bit.ly/TnCSpecialPromoBISonline Thank you.