Key Indices
Top Stories
Company Update | Gas Malaysia (GMB MK/BUY/RM5.35/Target: RM7.00)
- We upgrade Gas Malaysia to BUY with a higher DDM-based target price of RM7.00. We raised long-term growth from 2% to 3%, suggesting that the stock will benefit from higher NG volumes as Malaysia races towards clean energy transition while housing 13GW of data centre power demand. Yan RGT is expected to lift EBITDA by 13% and lift market capitalisation by RM0.58/share.
Market Spotlight
- The FBMKLCI surrendered 7.20pt to close at 1,604.36 yesterday due to selling pressure across the board.
- US stocks were higher after the close on Monday, as gains in the consumer goods, industrials and technology sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Cahya Mata Sarawak | CMS MK
- Trading Buy Range: RM0.90-0.91
KJTS Group | KJTS MK
- Trading Buy Range: RM0.92-0.94
Texchem Resources | TEX MK
- Trading Buy Range: RM0.92-0.93
Top Stories
Company Update | Gas Malaysia (GMB MK/BUY/RM5.35/Target: RM7.00)
- We upgrade Gas Malaysia to BUY with a higher DDM-based target price of RM7.00. We raised long-term growth from 2% to 3%, suggesting that the stock will benefit from higher NG volumes as Malaysia races towards clean energy transition while housing 13GW of data centre power demand. Yan RGT is expected to lift EBITDA by 13% and lift market capitalisation by RM0.58/share.
Market Spotlight
- The FBMKLCI surrendered 7.20pt to close at 1,604.36 yesterday due to selling pressure across the board.
- US stocks were higher after the close on Monday, as gains in the consumer goods, industrials and technology sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Cahya Mata Sarawak | CMS MK
- Trading Buy Range: RM0.90-0.91
KJTS Group | KJTS MK
- Trading Buy Range: RM0.92-0.94
Texchem Resources | TEX MK
- Trading Buy Range: RM0.92-0.93
Key Indices
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