Key Indices
Top Stories
Sector Update | Consumer
- Budget 2027 was expectedly consumer-friendly with key measures including higher allocations for subsidies, increased cash handouts and tax reliefs as well as wage hikes. However, while measures appear pro-consumption, persistently soft sentiment and inflationary woes may still be difficult to disperse. Overall, we remain selective on the sector, focusing on frontrunners to benefit from the measures. Maintain MARKET WEIGHT. Top Budget beneficiaries: 99 Speed Mart and Oriental Kopi. We upgrade Oriental Kopi to BUY from HOLD following share price weakness.
Market Spotlight
- The FBMKLCI added 4.37pt to close at 1,627.72 yesterday as the index moved between positive and negative territories throughout the day.
- US stocks were lower after the close on Wednesday, as losses in the technology, industrials and basic materials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
AME Elite Consortium | AME MK
- Trading Buy Range: RM1.36-1.37
Eco World Development Group | ECW MK
- Trading Buy Range: RM1.98-1.99
Hibiscus Petroleum | HIBI MK
- Trading Buy Range: RM2.30-2.31
Top Stories
Sector Update | Consumer
- Budget 2027 was expectedly consumer-friendly with key measures including higher allocations for subsidies, increased cash handouts and tax reliefs as well as wage hikes. However, while measures appear pro-consumption, persistently soft sentiment and inflationary woes may still be difficult to disperse. Overall, we remain selective on the sector, focusing on frontrunners to benefit from the measures. Maintain MARKET WEIGHT. Top Budget beneficiaries: 99 Speed Mart and Oriental Kopi. We upgrade Oriental Kopi to BUY from HOLD following share price weakness.
Market Spotlight
- The FBMKLCI added 4.37pt to close at 1,627.72 yesterday as the index moved between positive and negative territories throughout the day.
- US stocks were lower after the close on Wednesday, as losses in the technology, industrials and basic materials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
AME Elite Consortium | AME MK
- Trading Buy Range: RM1.36-1.37
Eco World Development Group | ECW MK
- Trading Buy Range: RM1.98-1.99
Hibiscus Petroleum | HIBI MK
- Trading Buy Range: RM2.30-2.31
Key Indices
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