Key Indices
Top Stories
Sector Update | Renewable Energy
- The government announced that DCs in Malaysia will be required to source at least 30% of their total energy consumption from RE. In addition, successful LSS6 bidders are expected in 1H27. All in all, we expect a record orderbook, driven by a combination of CRESS and LSS6 EPCC contracts award of up to 8GW over the next five years, with total EPCC opportunities estimated at RM28b-32b. Maintain OVERWEIGHT. Top picks: Solarvest and Pekat.
Market Spotlight
- The FBMKLCI added 3.91pt to close at 1,619.51 yesterday amid late buying interest of index-linked counters.
- US stocks were mixed after the close on Monday, as gains in the consumer services, financials and basic materials sectors led shares higher while losses in the oil & gas, technology and healthcare sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Duopharma Biotech | DBB MK
- Trading Buy Range: RM1.16-1.17
Enproserve Group | ENPRO MK
- Trading Buy Range: RM0.285-0.29
Foodie Media | FOODIE MK
- Trading Buy Range: RM0.34-0.345
Top Stories
Sector Update | Renewable Energy
- The government announced that DCs in Malaysia will be required to source at least 30% of their total energy consumption from RE. In addition, successful LSS6 bidders are expected in 1H27. All in all, we expect a record orderbook, driven by a combination of CRESS and LSS6 EPCC contracts award of up to 8GW over the next five years, with total EPCC opportunities estimated at RM28b-32b. Maintain OVERWEIGHT. Top picks: Solarvest and Pekat.
Market Spotlight
- The FBMKLCI added 3.91pt to close at 1,619.51 yesterday amid late buying interest of index-linked counters.
- US stocks were mixed after the close on Monday, as gains in the consumer services, financials and basic materials sectors led shares higher while losses in the oil & gas, technology and healthcare sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Duopharma Biotech | DBB MK
- Trading Buy Range: RM1.16-1.17
Enproserve Group | ENPRO MK
- Trading Buy Range: RM0.285-0.29
Foodie Media | FOODIE MK
- Trading Buy Range: RM0.34-0.345
Key Indices
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This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
