Key Indices
Top Stories
Company Results | Capitaland Malaysia Trust (CLMT MK/BUY/RM0.56/Target: RM0.74)
- 3Q26 results exceeded expectations on interest savings from loan refinancing. Shopper traffic (+8.2% yoy) and tenant sales psf (+4.5% yoy) saw growth accelerate in 3Q26 due to thematic campaigns and AEI initiatives. Maintain BUY with a lower target price of RM0.74 as we roll over our valuation base and increase our cost of equity assumption. CLMT remains our top pick in the sector due to its attractive yield of 9.6% for 2027.
Company Results | Westports Holdings (WPRTS MK/HOLD/RM6.77/Target:RM7.00)
- Unlike 1H26 when container yields drove the results outperformance, we underestimated how much the smaller conventional business had outperformed the containers business. 3Q26 also saw a real normalisation of valueadded services (VAS) income, and the full delivery of E-trucks (we assume deployment will be gradual). The new TGS helped cope with more unexpected yard congestion. Volume growth is expected to remain resilient even as the inflationary-induced interest rate uptrend kicks in. Retain HOLD, with an adjusted target price of RM7.00.
Market Spotlight
- The FBMKLCI closed higher yesterday, adding 3.83pt to 1,599.58 amid bargain hunting across the board.
- US stocks were mixed after the close on Tuesday, as gains in the healthcare, financials and utilities sectors led shares higher while losses in the technology, basic materials and Industrials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Ekovest | EKO MK
- Trading Buy Range: RM0.195-0.20
Naim Holdings | NAIM MK
- Trading Buy Range: RM0.64-0.65
Superlon Holdings | SLON MK
- Trading Buy Range: RM0.93-0.95
Top Stories
Company Results | Capitaland Malaysia Trust (CLMT MK/BUY/RM0.56/Target: RM0.74)
- 3Q26 results exceeded expectations on interest savings from loan refinancing. Shopper traffic (+8.2% yoy) and tenant sales psf (+4.5% yoy) saw growth accelerate in 3Q26 due to thematic campaigns and AEI initiatives. Maintain BUY with a lower target price of RM0.74 as we roll over our valuation base and increase our cost of equity assumption. CLMT remains our top pick in the sector due to its attractive yield of 9.6% for 2027.
Company Results | Westports Holdings (WPRTS MK/HOLD/RM6.77/Target:RM7.00)
- Unlike 1H26 when container yields drove the results outperformance, we underestimated how much the smaller conventional business had outperformed the containers business. 3Q26 also saw a real normalisation of valueadded services (VAS) income, and the full delivery of E-trucks (we assume deployment will be gradual). The new TGS helped cope with more unexpected yard congestion. Volume growth is expected to remain resilient even as the inflationary-induced interest rate uptrend kicks in. Retain HOLD, with an adjusted target price of RM7.00.
Market Spotlight
- The FBMKLCI closed higher yesterday, adding 3.83pt to 1,599.58 amid bargain hunting across the board.
- US stocks were mixed after the close on Tuesday, as gains in the healthcare, financials and utilities sectors led shares higher while losses in the technology, basic materials and Industrials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Ekovest | EKO MK
- Trading Buy Range: RM0.195-0.20
Naim Holdings | NAIM MK
- Trading Buy Range: RM0.64-0.65
Superlon Holdings | SLON MK
- Trading Buy Range: RM0.93-0.95
Key Indices
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