Key Indices
Top Stories
Company Results | Hartalega (HART MK/HOLD/RM1.06/Target: RM0.93)
- 2QFY27 results’ weakness reflects higher input costs arising from the Iran war, which have weighed on profitability and margins. While ASPs have since moderated to US$22/’000 pcs and input costs such as raw material prices and natural gas tariffs continue to be elevated, we expect a sequentially weaker 2HFY27. The mid- and long-term outlooks also remain muted given oversupply dynamics and intensifying competition from China. Maintain HOLD with a lower target price of RM0.93 as the risk-reward dynamic appears neutral.
Market Spotlight
- The FBMKLCI dropped 9.23pt to close at 1,585.96 yesterday as investors remain cautious over the uncertain global environment and lack of fresh local catalysts.
- US stocks were lower after the close on Thursday, as losses in the basic materials, industrials and healthcare sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Alam Maritim Resources | AMRB MK
- Trading Buy Range: RM0.235-0.24
CTOS Digital | CTOS MK
- Trading Buy Range: RM0.455-0.46
United U-Li Corporation | UULI MK
- Trading Buy Range: RM1.41-1.42
Top Stories
Company Results | Hartalega (HART MK/HOLD/RM1.06/Target: RM0.93)
- 2QFY27 results’ weakness reflects higher input costs arising from the Iran war, which have weighed on profitability and margins. While ASPs have since moderated to US$22/’000 pcs and input costs such as raw material prices and natural gas tariffs continue to be elevated, we expect a sequentially weaker 2HFY27. The mid- and long-term outlooks also remain muted given oversupply dynamics and intensifying competition from China. Maintain HOLD with a lower target price of RM0.93 as the risk-reward dynamic appears neutral.
Market Spotlight
- The FBMKLCI dropped 9.23pt to close at 1,585.96 yesterday as investors remain cautious over the uncertain global environment and lack of fresh local catalysts.
- US stocks were lower after the close on Thursday, as losses in the basic materials, industrials and healthcare sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Alam Maritim Resources | AMRB MK
- Trading Buy Range: RM0.235-0.24
CTOS Digital | CTOS MK
- Trading Buy Range: RM0.455-0.46
United U-Li Corporation | UULI MK
- Trading Buy Range: RM1.41-1.42
Key Indices
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