BIMB SECURITIES

29 June 2026 04:18

📱BIMB SECURITIES RESEARCH: WEEKLY MARKET UPDATE 📱

Theme of the Week: "Domestic Shelter" — Global Squall, Domestic Shelter

📉 MARKET PERFORMANCE OVERVIEW
- FBMKLCI: Fell -2.6% WoW to close at 1,667.7 (slipping to -0.7% YTD).
- Foreign Funds: Resumed net selling with an outflow of -RM555mn (tracking a broader EM exit).
- Local Investors: Fully stepped up to absorb the dip! Local Retail bought +RM380mn and Local Institutions added +RM175mn in net buying.
- Sectors: Plantation was the sole gainer (+0.1% WoW). Industrial Products (-5.8% WoW) and Technology (-4.0% WoW) suffered the heaviest hits on global tech profit-taking.
📊 COMMODITIES & FOREX SNAPSHOT
- Brent Crude: Collapsed a further -10.6% WoW to USD71.99/bbl as the Iran ceasefire held and the Strait of Hormuz fully reopened. (Note: This is a massive fiscal relief for Malaysia, easing the national fuel-subsidy bill!)
- CPO: Eased -2.0% WoW to RM4,504/MT.
- Ringgit (USDMYR): Showed great resilience, strengthening -1.2% WoW to 4.09 despite the stronger greenback.
- Gold: Dropped -1.6% to USD4,088.74/Tr Oz.
🎯 STRATEGY & MARKET OUTLOOK
Because this sell-off is driven by offshore factors rather than local fundamentals, we see this correction as an accumulation opportunity. We shift our focus entirely toward a Domestic Shelter theme—favoring domestic-facing, cash-generative companies protected from external shocks.
🔥 TOP 5 WATCHLIST FOR THE WEEK
1. 🛢Hibiscus Petroleum (BUY; TP: RM2.80)
- Our View: Solid balance sheet; current valuations already discount the softer crude environment.
2. 🏢Sunway Construction (BUY; TP: RM8.28)
- Our View: A pure domestic-demand play insulated from global equity shocks with a powerful data-centre order book.
3. 🌐 Telekom Malaysia (BUY; TP: RM7.78)
- Our View: Highly defensive, recurring cash flows backed by structural hyperscaler data-centre connectivity demand.
4. ⚡️ Tenaga Nasional (BUY; TP: RM16.77)
- Our View: Strong defensive yield paired with structural growth from the surge in data-centre power consumption.
5. ⚓️ Velesto Energy (HOLD; TP: RM0.32)
- Our View: Steady domestic oil-services exposure providing a comfortable dividend yield cushion.

Prepared for investor reference only. Please do your own assessment and risk mitigation or consult with your licensed dealer representative before making investment decisions.

Source: Condensed from BIMB Securities Research Strategy Report (29 June 2026).

BIMB SECURITIES

16 June 2026 03:49

📱 *BIMB SECURITIES: 2H26 EQUITY STRATEGY SUMMARY* 📱
"Strategic Resilience Amidst Global Geopolitical Friction"

Hi Investors! Here is the executive summary of the 2H26 outlook to help you navigate the current market landscape. 👇

📉 *MARKET OUTLOOK & STRATEGY*
The market is currently navigating a "catalyst void" and "ordered uncertainty" driven by Middle East tensions and global supply chain fragmentation.
- *Index Targets:* Year-end target for *FBMKLCI* is *1,760 points* (15.3x PER), and *14,582* points for *FBM Hijrah Shariah* (19.8x PER).
- *Key Economic Forecasts:* GDP is projected at *4.9%* , with OPR remaining steady at *2.75%* and USD/MYR averaging *3.95* .
- *Investment Theme:* Prioritize defensive income (Banking, Construction) and companies with high *operational alpha* that can translate project pipelines into actual revenue.
- *Currency View:* Ringgit appreciation is a "double-edged sword"—favoring domestic importers while creating translation headwinds for exporters.

📊 *SECTOR CALLS*
OVERWEIGHT (Buy)
- Banking
- Construction
- Healthcare
- Oil & Gas
- Plantation
- Property
- REIT
- Utilities
NEUTRAL (Hold/Watch)
- Automotive
- Consumer
- Industrial
- Rubber Glove
- Technology
- Telecommunication
- Transportation

🔥 *2H26 TOP PICKS*
These stocks are selected for their strong earnings visibility and resilience against global friction:
*1. MMHE (BUY; TP: RM0.94):* Strong orderbook for FSO conversion and fabrication.
*2. Mah Sing Group (BUY; TP: RM1.85):* Exposure to affordable housing and industrial land (JS-SEZ).
*3. Pharmaniaga (BUY; TP: RM2.00):* Transitioning to high-value pharma manufacturing (insulin/vaccines).
*4. Gamuda (BUY; TP: RM6.29):* Massive orderbook and expanding data centre exposure.
*5. Hibiscus Petroleum (BUY; TP: RM2.80):* Beneficiary of elevated Brent crude prices.
*6. MR DIY (BUY; TP: RM2.20):* Defensive value play in a selective consumer market.
*7. Hap Seng Plantations (BUY; TP: RM2.70):* Leveraged to firm CPO prices with a strong cash balance sheet.
*8. Sunway Construction (BUY; TP: RM8.28):* Preferred pure-play data centre beneficiary.
*9. Tenaga Nasional (BUY; TP: RM16.77):* Primary beneficiary of energy transition and DC power demand.
*10. IHH Healthcare (BUY; TP: RM10.16):* Quality earnings from higher revenue intensity and medical tourism.

💰 *BIMB UNIVERSE BEST DIVIDEND STOCKS (2H2026)*
1. VELESTO (Yield: 10%)
2. AL-SALAM REITS (Yield: 8%)
3. MBSB (Yield: 8%)
4. TIME (Yield: 6%)
5. ORKIM (Yield: 6%)
6. AME REITS (Yield: 6%)
7. AXIS REITS (Yield: 5%)
8. TM (Yield: 5%)
9. MISC (Yield: 5%)
10. HAPSENG (Yield: 5%)

🌱 *BIMB UNIVERSE TOP PICK ON ESG (BY RATING)*
1. MISC (Total Score: 4.56 ; Excellent)
2. PMETAL (Total Score: 4.55 ; Excellent)
3. HIBISCUS (Total Score: 4.45 ; Best)
4. VELESTO (Total Score: 4.45 ; Best)
5. GAMUDA (Total Score: 4.33 ; Best)

*Prepared for investor reference only. Please do your own assessment and risk mitigation or consult with your licensed dealer representative before making investment decisions.*

*Source: Condensed from BIMB Securities Research 2H26 EQUITY STRATEGY (15 June 2026).*

BIMB SECURITIES

03 June 2026 03:09

📊 WEEKLY MARKET INSIGHTS (3 JUN 2026) 📈

📉 *MARKET PERFORMANCE OVERVIEW*
- *FBMKLCI:* Dropped 1.7% WoW to close at 1,683.1, underperforming global and regional peers.
- *Foreign Funds:* Registered a heavy net outflow of -RM2,531mn (worsening from -RM913mn in Week 21) as funds rotated into North Asian tech stocks.
- *Local Institutions:* Acts as the primary counterweight, net buying +RM2,120mn to absorb the foreign selloff.
- *Commodities & FX:* Brent Crude plummeted -11.1% to USD92.05/bbl due to easing West Asia tensions. Ringgit held steady at 3.96 against the USD, while CPO nudged up to RM4,470/MT.

🎯 *OUR VIEW & MARKET OUTLOOK*
- The domestic market is poised for a cautious recovery. While heavy foreign outflows and global capital reallocation present short-term headwinds, Malaysia’s acceleration into a *regional data centre powerhous* e provides strong foundational support.
- ⚠️ *Key Risk to Watch:* If foreign capital continues its aggressive shift toward high-beta North Asian manufacturing hubs, domestic institutional liquidity will bear the heavy burden of defending key technical support levels.
- 💡 *Core Theme:* "Technology Leadership & Domestic Value Capture" — focusing on semiconductor back-end growth and local data centre infrastructure expansions.

🔥 *TOP 5 WATCHLIST FOR THE WEEK*

1️⃣ *Inari (BUY; Target/Price: RM1.92)*
Catalyst: Dominates high-end radio frequency testing; a critical beneficiary of AI-integrated smartphones and high-speed data transmission.

2️⃣ *MPI (HOLD; Target/Price: RM39.30* )
Catalyst: A leading semiconductor packaging specialist, though near-term upside remains capped by a sluggish global consumer tech recovery.

3️⃣ *Tenaga Nasional (BUY; Target/Price: RM16.63)*
Catalyst: Stable, long-term returns as the sole national grid provider powering massive energy loads for new hyperscale data centres.

4️⃣ *Matrix Concepts (BUY; Target/Price: RM1.49)*
Catalyst: Backed by strong housing development demands, specifically from economic spillovers in the Southern hub.

5️⃣ *Gamuda (BUY; Target/Price: RM6.29)*
Catalyst: Growth anchored by solid MRT3 contract momentum and rapidly expanding exposure to data centre civil works.

*Prepared for investor reference only. Please do your own assessment and risk mitigation or consult withc your licensed dealer representative before making investment decisions.*

*Source: Condensed from BIMB Securities Research Strategy Report (25 May 2026).*

BIMB SECURITIES

25 May 2026 13:27

*Special Brokerage Promotion for BISonline*

Salam& greetings all,

As briefed during the Platform Update session on 30 April 2026 at 5.30pm, the Special Brokerage Promotion for BISonline trading has been activated effective *22 May 2026 until 30 June 2026*.

Under this promotion, clients trading online via *BISonline* will enjoy a special brokerage rate of *0.1% or a minimum of RM1.00* per transaction, for stocks listed on Bursa Malaysia.

A notification email has also been disseminated to all clients accordingly.

Kindly refer to and read the full Terms & Conditions of the promotion for your information and clarification when attending to client enquiries.

https://bit.ly/TnCSpecialPromoBISonline

Thank you.

BIMB SECURITIES

11 May 2026 05:01

Pelanggan yang Dihargai,
 
Kami dengan sukacitanya memaklumkan bahawa perkhidmatan BISonline kami telah kembali beroperasi sepenuhnya mulai *hari ini*.
 
Sehubungan dengan itu, anda disarankan untuk log masuk ke akaun BISonline bagi menyemak butiran akaun anda. Sekiranya terdapat sebarang percanggahan, sila hubungi kami atau Remisier/Dealer anda untuk bantuan lanjut.
 
Kami merakamkan setinggi-tinggi penghargaan atas kesabaran, kefahaman, dan sokongan berterusan daripada pihak anda.
 
*BIMB Securities*

BIMB SECURITIES

26 March 2026 05:18

BISOnline Status Update as of 26 March 2026

Our online trading platform remains temporarily unavailable while the vendor and our technical teams continue their system checks and recovery efforts.

In the meantime, clients may continue to place their orders through their respective Dealer/Remisier or contact our Dealing Desk for assistance.

Retail Dealing Contact: 0327083006
WhatsApp Sarah: 0192066296

We sincerely apologise for the inconvenience caused and appreciate your patience and understanding during this period.

BIMB Securities

BIMB SECURITIES

17 March 2026 03:13

BISOnline Platform Status Update

Our online trading platform remains temporarily unavailable while the vendor and our technical teams continue their system checks and recovery efforts.

In the meantime, clients may continue to place their orders through their respective Dealer/Remisier or contact our Dealing Desk for assistance.

Retail Dealing Contact: 0327083006
WhatsApp Sarah: 0192066296

We sincerely apologise for the inconvenience caused and appreciate your patience and understanding during this period.

BIMB Securities

BIMB SECURITIES

12 March 2026 07:21

Dear Valued Client,

We apologise for the inconvenience caused. Our team is currently working to restore BISOnline as soon as possible. Thank you for your patience and understanding.

BIMB Securities

BIMB SECURITIES

06 March 2026 14:55

Salam Nuzul Al-Quran. ✨🌙

Pada hari yang penuh keberkatan ini, marilah kita bersama-sama menghayati peristiwa penurunan Al-Quran sebagai panduan dan rahmat kepada seluruh umat manusia.

Semoga tuntutan Kalamullah ini terns membimbing kita untuk mengamalkan nilai integriti, keikhlasan dan kebaikan dalam setiap perkara yang kita lakukan. 🤍

#bimbsecurities #bankislam #nuzulalquran #investforummah #shariahinvestment

BIMB SECURITIES

02 March 2026 01:24

♨️ *Upcoming Thematic Release: Our Views on the US–Iran Conflict and Initial Sectoral Assessments (Excerpts Below)* ♨️

*The Hormuz Hedge : Navigating Malaysia’s Markets Amid Middle East Turmoil*

Following the direct strikes on Iranian infrastructure, we have codified our strategic outlook. We view a prolonged "war of attrition" (85% probability) as the most likely scenario, shifting global economics from "Just-in-Time" to "Just-in-Case" resilience.

🌍 *Macroeconomic Outlook: Resilience Amid Volatility*
* Moderate Brent Outlook: Our 2026 baseline for average crude oil has been revised upward to USD76/bbl (from USD66/bbl) to account for embedded geopolitical risk pricing.
* Fiscal Resilience: Higher oil prices provide a significant upside surprise to petroleum-related revenues, potentially cushioning the economy against broader macro pressures.
* Manageable Inflation: Headline inflation is forecast to remain stable at approximately 2.0% for 2026. Even with moderate escalation, it is only expected to edge toward 2.5%, remaining well within historical norms.
* Subsidy Buffer: At USD80/bbl, the government’s RON95 subsidy bill is estimated at RM18.9bn, a manageable level compared to extreme blockade scenarios.
* Monetary Policy: Bank Negara’s OPR remains steady at 2.75%, providing an accommodative stance with room for counter-cyclical support if global conditions deteriorate.

📊 *Sectoral Impact Analysis:*

🟢 *Oil & Gas (POSITIVE):*
* Primary Driver: A direct beneficiary of the geopolitical risk premium.
* Strategic Outlook: Upstream and integrated names like Hibiscus Petroleum and DNeX are key picks, benefiting from both higher realized oil prices and rising production volumes.

🟢 *Petrochemicals (POSITIVE):*
* Primary Driver: Insulation from feedstock volatility.
* Strategic Outlook: PCHEM is structurally advantaged by fixed-price supply agreements with Petronas for ethane and methane, allowing higher global product prices to flow directly into enhanced margins.

🟡 *Plantations (MODERATE):*
* Primary Driver: Energy-driven CPO price support.
* Strategic Outlook: The sector remains tactically positive as CPO price support from the biodiesel linkage outweighs rising fertilizer and logistics costs. Pure upstreamers like Hap Seng Plantations and TSH Resources are preferred.

🟡 *Consumer (MODERATE):*
* Primary Driver: Defensive staples vs. discretionary risk.
* Strategic Outlook: While discretionary spend may soften due to sentiment volatility, staples like Farm Fresh and QL Berhad offer a defensive moat through localized supply chains.

⚪ *Banking (NEUTRAL):*
* Primary Driver: Strong capital buffers as a pillar of stability.
* Strategic Outlook: With a CET1 ratio of 14.5%, the sector is well-positioned to withstand indirect market volatility, even if capital market pipelines face temporary "wait-and-see" delays.

⚪ *Technology (NEUTRAL):*
* Primary Driver: Indirect macro and cost-push risk.
* Strategic Outlook: The primary risk is energy cost inflation affecting data centers and assembly lines. We also note a High Risk for Iranian-nexus "wiper" malware attacks targeting US-aligned supply chain infrastructure.

🔵 *Utilities (LOW RISK):*
* Primary Driver: Regulatory pass-through protection.
* Strategic Outlook: Earnings are shielded by frameworks like Tenaga’s Automatic Fuel Adjustment (AFA) mechanism, and coal procurement remains diversified away from the Strait of Hormuz.

🔴 *Transport (HIGH RISK):*
* Primary Driver: Extreme sensitivity to unhedged fuel costs.
* Strategic Outlook: Facing intense margin compression due to rising hydrocarbon prices and the necessity of 20-day "Cape of Good Hope" rerouting.

_*Investment Conclusion*_: Malaysia remains a "Safe Harbor" during this period of attrition. We recommend a "Flight to Quality," focusing on companies with domestic energy insulation and integrated supply chains that can thrive in a USD70–80/bbl environment

_*BIMBSEC INSIGHTS*_

BIMB SECURITIES

19 February 2026 01:49

*BIMB Securities - Sector Update*

*AUTOMOTIVE* - After the Final Push, A softer Start to 2026

*NEUTRAL*

🚗 Jan-26 TIV declined sharply by 29.1% MoM to 64,298 units, reversing December’s 🎉 year-end surge as delivery pipelines normalised. Despite the pullback, volumes remained 28.7% higher YoY 📈, reflecting low base effects and resilient underlying demand 💪.

⚡ EV sales slipped to 6,239 units in Jan-26 after December’s peak 📉, despite Proton e.MAS surging (+196% MoM) 🚀 as BYD and Tesla registrations declined, reflecting the post-🚘 CBU EV tax exemption shift.

We maintain our NEUTRAL stance ⚖️ on the automotive sector, supported by ongoing 🚙 new model launches and 🇲🇾 national EV rollouts which should lend support to sales 🔋📊. We retain HOLD on Sime Darby (TP: RM2.27) ✋, MBMR (TP: RM5.28) ✋ and SELL for Bermaz Auto (TP: RM0.54) ❌📉.

📌 Click the link below for more info:
https://drive.google.com/file/d/1e_y2kgeGzXwJDNEa7tA8Re5hdHBnsBvn/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd

BIMB SECURITIES

16 February 2026 05:06

Gong Xi Fa Cai 🧧✨

Wishing you abundant blessings, good health, and lasting prosperity in the year ahead.

We thank you for your trust and remain committed to supporting your journey in the year to come. ✨

#HappyChineseNewYear #BIMBSecurities

BIMB SECURITIES

04 February 2026 02:11

*BIMB Securities - Company Update*

*GAMUDA* - Market Over-Discounts Early-Cycle Earnings

*Target Price: RM6.29 / BUY*

Near-term earnings are subdued, but the market is over-discounting Gamuda’s normalised earnings beyond FY27 📉. We now anchor construction valuation to FY28F earnings (from FY27F), which reflects a normalised earnings base after early S-curve distortions and back-ended profit recognition. FY27F–FY28F PER of 15.8x–11.4x sits well below the historical mean of around 18x 📊. Recent price weakness offers a compelling accumulation opportunity amid timing-driven earnings dislocation 💰. We maintain BUY.

📌 Click the link below for more info:
https://drive.google.com/file/d/1TdNYdwyLhROS50Eja3kGTpd-bxem0yim/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd

BIMB SECURITIES

28 January 2026 02:55

*BIMB Securities - Company Update*

*SLVEST* - Solid orderbook; strong earnings trajectory

*Target Price: RM3.24 / BUY*

We expect the LSS5+ prospect with Malakoff to drive orderbook upside, exceeding the RM2.5bn mark 🚀. FY26F net profit margin to sustain at ~10% (+3 ppts from FY24 level) on advanced execution, but to normalize in FY27–28F. Our FY26-28F earnings forecasts adjusted higher by 46.5% on average, to better align with the ongoing EPCC project schedule, higher outstanding orderbook and steady profit margin. Upgrade to BUY with SOP-derived TP increased to RM3.24 💰. This report marks a transfer of coverage.

📌 Click the link below for more info:
https://drive.google.com/file/d/1B16mw0J7QFqBEx6qTd39QzdFqdvywGDL/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd

BIMB SECURITIES

26 January 2026 02:47

*BIMB Securities - Company Update*

*ZETRIX* - MyDigital ID's Path to Financial Sector Integration

*Target Price: RM1.33 / BUY*

The MyDigital ID sandbox has scaled to 18 participating banks (up from 15 in Phase 1) to test real-world e-verification capabilities 📈. Similar to the SingPass model, MyDigital ID could scale from government services to widespread adoption across banks and commercial sectors, highlighting its structural importance for Malaysia’s national digital ID initiative 🔒. We reiterate our BUY call with a target price of RM1.33 based on a 5-year average forward PER of 13.0x applied to 2026F EPS of 10.2 sen 💰.

📌 Click the link below for more info:
https://drive.google.com/file/d/138NwBCpJKzO837N8g2y-akGXOgyx_rDp/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd

BIMB SECURITIES

23 June 2026 06:15

📱 *BIMB SECURITIES RESEARCH: WEEKLY MARKET UPDATE* 📱

*Theme of the Week:* _"A Defensive Barbell" — Relief Rally Meets a Fragile Truce_

📉 *MARKET PERFORMANCE OVERVIEW*
- *FBMKLCI:* Surged *+1.7% WoW* to close at *1,712.0* (+1.9% YTD).
- *Foreign Funds:* Selling effectively dried up with a minor net outflow of just *-RM11mn* (a massive recovery from -RM658mn the previous week).
- *Local Institutions:* Remained the market's backbone, clocking *+RM318mn* in net buying.
- *Local Retail:* Turned net sellers at *-RM307mn* as investors locked in gains.
- *Sectors:* Technology dominated, leaping *+5.0% WoW* on the back of the North Asian AI wave. *Healthcare* was the biggest laggard, dropping *-4.8% WoW* on foreign profit-taking.
📊 *COMMODITIES & FOREX SNAPSHOT*
- *Brent Crude:* Slashed *-7.7% WoW* to *USD80.57/bbl* as the prospective reopening of the Strait of Hormuz unwound the geopolitical risk premium.
- *CPO:* Gained *+4.7% WoW* to *RM4,594/MT* on firm export demand.
- *Ringgit (USDMYR):* Depreciated *+1.9% WoW* to *4.14* as the US Dollar Index firmed.
- *Gold:* Eased *-1.5%* to *USD4,155.71/Tr Oz* as safe-haven demand cooled.
🎯 *STRATEGY & MARKET OUTLOOK*
While the near-term tone is constructive, the ceasefire remains fragile due to recent friction in Lebanon. To manage this, we adopt a Defensive Barbell Strategy:
1. *35% Allocation:* Energy-price insurance sleeve to hedge against any sudden Middle East flare-ups.
2. *65% Allocation:* Focused on domestic resilience, mega-infrastructure, and data-centre beneficiaries where earnings visibility is strongest.
🔥 *TOP 5 WATCHLIST FOR THE WEEK*
1. 🛢️ *Hibiscus Petroleum (BUY; TP: RM2.80)*
- Our View: Part of our energy insurance sleeve; provides a direct upstream hedge if the ceasefire unravels.
2. 🏗️ *Sunway Construction (BUY; TP: RM8.28)*
- Our View: Infrastructure anchor with a robust data-centre order book pipeline driving domestic growth.
3. 🌐 *Telekom Malaysia (BUY; TP: RM7.78)*
- Our View: Connective backbone play, directly benefiting from structural broadband and hyperscaler demand.
4. ⚡ *Tenaga Nasional (BUY; TP: RM16.77)*
- Our View: Secure defensive yield coupled with massive structural upside from surging data-centre power loads.
5. ⚓ *Velesto Energy (HOLD; TP: RM0.32)*
- Our View: Downside-managed oil services exposure offering a steady dividend-yield profile.

*Prepared for investor reference only. Please do your own assessment and risk mitigation or consult withc your licensed dealer representative before making investment decisions.*

*Source: Condensed from BIMB Securities Research Strategy Report (22 June 2026).*

BIMB SECURITIES

08 June 2026 07:47

📊 BIMB SECURITIES RESEARCH: WEEKLY MARKET INSIGHTS (8 JUNE 2026) 📈

📉 *MARKET PERFORMANCE OVERVIEW*
- *FBMKLCI:* Gained 0.6% WoW to close at 1,693.4, showing resilience and outperforming major global indices.
- *Foreign Funds:* Remained net sellers with an outflow of -RM1,048mn, though this moderated from the previous week's heavy sell-off.
- *Local Institutions:* Continued to anchor the market, providing support with net purchases of +RM774mn.
- *Commodities & FX:* Brent Crude rose +1.1% to USD93.09/bbl, while CPO edged up to RM4,492/MT. The Ringgit depreciated slightly to 4.03 against the USD. Gold saw a sharp correction, dropping -4.7%.

🎯 *STRATEGY & MARKET OUTLOOK*
Malaysia remains highly resilient despite global technology sector volatility and AI valuation concerns. Strong domestic fundamentals, including a 5.4% Q1 GDP growth, act as a cushion against external weaknesses.
⚠️ *Key Risk to Watch:* External shocks, such as an accelerated global tech sell-off or escalating international tariff conflicts, could pressure capital flows and currency volatility.
💡 *Core Theme:* "Fortifying Portfolios via Defensive Yields and Infrastructure" — prioritizing resilient dividend-paying stocks and companies linked to national infrastructure growth.

🔥 *TOP 5 WATCHLIST FOR THE WEEK*
*1. ⚡ Tenaga Nasional (BUY; TP: RM16.77)*
- *Catalyst:* Benefiting from surging data center power demand and national energy transition initiatives.
*2. 🌐 Telekom Malaysia (BUY; TP: RM7.78)*
- *Catalyst:* Growth driven by structural increases in broadband usage and expanding digital infrastructure.
*3. ⛽ Petronas Dagangan (HOLD; TP: RM18.20)*
- *Catalyst:* Supported by resilient retail margins and steady domestic consumption.
*4. 🏗️ Sunway Construction (BUY; TP: RM8.28)*
- *Catalyst:* Anchored by aggressive order book replenishment from data center and infrastructure contracts.
*5. 🚧 Gamuda (BUY; TP: RM6.29)*
- *Catalyst:* Momentum from MRT3 contracts and growing exposure to data center civil works.

*Prepared for investor reference only. Please do your own assessment and risk mitigation or consult with your licensed dealer representative before making investment decisions.*

*Source: Condensed from BIMB Securities Research Strategy Report (8 June 2026).*

BIMB SECURITIES

29 May 2026 03:02

Assalamualaikum and Greetings,

Dear Valued Clients,

Please be informed that Bursa Malaysia will be closed on Tuesday, 2 June 2026, as a replacement public holiday. In conjunction with Wesak Day on Sunday, 31 May 2026, and the Official Birthday of His Majesty the Yang di-Pertuan Agong on Monday, 1 June 2026.

All GTD and GTC orders with expiry date of 2 June 2026 will expire at 5:30 PM on Friday, 29 May 2026.

Trading will resume on Wednesday, 3 June 2026.

BIMB SECURITIES

18 May 2026 03:30

📊 WEEKLY MARKET INSIGHTS (18 MAY 2026) 📈

*1. MARKET PERFORMANCE* 🇲🇾
- *FBMKLCI:* Demonstrated relative resilience, dipping slightly by 0.4% WoW to close at 1,740.2, comfortably outperforming regional pullbacks (JCI -3.5%, TWSE -1.0%).
- *Macro Environment* : Underpinned by a robust 1.4Q26 GDP growth of 5.4%, which provides a strong fundamental floor for domestic support.
- *Foreign Flows:* Easing global sentiment saw foreign investors switch to net sellers with a RM326mn net outflow, fully absorbed by local institutions.

*2. CURRENCY & COMMODITIES* 💵
- *Ringgit:* Pressed by a strong US Dollar Index (DXY +1.4%), closing lower as the USDMYR rose 0.9% to 3.95.
- *Commodities:* Brent Crude oil surged 7.9% WoW to close at USD109.26/bbl due to rising energy risks, while CPO prices slipped 2.2% to RM4,380/MT.

*3. MARKET OUTLOOK* 🎯
- *Sentiment:* Poised for a range-bound consolidation with a bias towards cautious optimism.
- *Key Focus:* Upward momentum will be guided by external macro drivers (e.g., geopolitical risks in the Strait of Hormuz) and upcoming local quarterly results to validate valuations.
- *Strategy:* Tactical allocation into high-conviction structural tech recovery and defensive earnings plays.

🔥 *TOP 5 WATCHLIST (KEY PICKS)* 🚀

1️⃣ *INARI AMERTRON (BUY; TP: RM1.92)* 📱
*Theme:* Structural Tech Recovery.
*View:* Dominates high-end radio frequency testing, serving as a critical bottleneck gateway for AI-integrated smartphones and high-speed data transmission networks.

2️⃣ *VITROX CORPORATION (HOLD; TP: RM5.30)* 🤖
*Theme:* Machine Vision Automation.
*View:* A global leader in automated machine vision systems, providing precision testing for complex semiconductor wafers as manufacturing standards tighten.

3️⃣ *TENAGA NASIONAL (BUY; TP: RM16.63)* ⚡
*Theme:* Infrastructure Utility & Power Provider.
*View:* Captures stable, long-term defensive returns as the sole national grid provider powering massive structural loads from newly established hyperscale data centers.

4️⃣ *TELEKOM MALAYSIA (BUY; TP: RM7.78)* 🌐
*Theme:* Digital Infrastructure.
*View:* Progressing via scaled-up sovereign cloud framework expansions alongside structural dark fiber and submarine cable connectivity leasing directly to hyperscalers.

5️⃣ *SUNWAY CONSTRUCTION (BUY; TP: RM7.64)* 🏗️
*Theme:* Specialized Infrastructure Buildout.
*View:* Beneficiary of fast-tracked mechanical, electrical, and plumbing (MEP) execution for highly specialized multinational data center facilities in Johor and Selangor.

*Prepared for investor reference only. Please do your own assessment and risk mitigation or consult withc your licensed dealer representative before making investment decisions.*

*Source: Condensed from BIMB Securities Research Strategy Report (18 May 2026).*

BIMB SECURITIES

11 May 2026 03:39

Dear Valued Client,

We are pleased to announce that our BISonline services have been restored effective *today*.

Kindly log into your BISonline and verify that your account details are accurate and in order. Should you notice any discrepancies, please contact us or your respective Remisier/Dealer for further assistance.

We sincerely thank you for your patience, understanding, and continued support.

*BIMB Secutiries*

BIMB SECURITIES

19 March 2026 02:07

Assalamualaikum and Greetings,

Dear Valued Clients,

Please be informed that Bursa Malaysia will be closed on Friday, 20 March 2026 and Monday, 23 March 2026 in conjunction with the Hari Raya Aidilfitri public holidays.

Trading will resume on Tuesday, 24 March 2026.

BIMB SECURITIES

13 March 2026 11:33

Assalamualaikum and Greetings,

We regret to inform that the Online Sharing Session: “Pelaburan Berkat. Selamat Dunia Akhirat”scheduled as follows will be postponed to a later date, which will be announced in due course.

We sincerely apologise for any inconvenience this may cause and truly appreciate your understanding. A new date for the event will be shared as soon as the new date has been confirmed.

Thank you for your support, and we look forward to welcoming you to the session soon.

Regards,

BIMB SECURITIES

10 March 2026 13:21

Assalamualaikum & Salam Sejahtera !

📢 *Jemputan Menyertai Sesi Perkongsian Online*

*Pelaburan Berkat, Selamat Dunia Akhirat!*

Bersempena bulan Ramadan ini, kami menjemput anda untuk menyertai sesi perkongsian khas bersama *Ustaz Shahier*, Head of Shariah, BIMB Securities Sdn Bhd.

📅 *Tarikh:* Sabtu, 14 Mac 2026
⏰ *Masa:* 10:00 pagi – 12:00 tengah hari
💻 *Platform:* Microsoft Teams

*Isu Perbincangan:*
Sesi ini akan membincangkan kepentingan memperoleh keberkatan (*barakah*) dalam setiap keputusan kewangan, bagaimana pelaburan patuh Syariah boleh menjadi sebahagian daripada ibadah, serta mengaitkan nilai-nilai Ramadan dengan amalan pelaburan yang berhemah dan beretika. Turut dikongsikan adalah bagaimana BIMB Securities menyokong objektif ini dari perspektif Syariah dan berteraskan nilai sejagat.

👉 *Daftar Sekarang:*
🔗 https://bit.ly/DaftarPelaburanBerkatSelamatDuniaAkhirat

👉*Microsoft Teams link:*
🔗 https://bit.ly/JoinPelaburanBerkatSelamatDuniaAkhirat

Jangan lepaskan peluang untuk menyertai sesi bermanfaat ini.

Terima kasih.

#BIMBSecurities #ShariahInvest #InvestforUmmah #EmpoweringYourHalalInvestmentJourney

BIMB SECURITIES

03 March 2026 01:40

*BIMB Securities - Company Update*

*VELESTO* -Locked in 5-year Contract for NAGA 2

*Target Price: RM0.32 / BUY*

🚀 Velesto Energy has secured a 5-year drilling contract from Petronas Carigali worth around USD157mn, beginning Feb 2026. ⛽🛢️

📉 We estimate the implied DCR at c.USD86k/day, about ~20% below the 4Q25 blended DCR of USD112k/day. While pricing is softer, the long-term tenure enhances utilisation certainty, which is key to underpinning sustainable cash distributions 💰🔒.

✂️ We cut our FY26–28F earnings estimates to reflect the lower dayrate assumption. Accordingly, Velesto’s TP is reduced to RM0.32 (from RM0.34).

📌 Click the link below for more info:
https://drive.google.com/file/d/1svKHhje4mBUfJGxG-BxiWwQbZnQE2m2c/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd

BIMB SECURITIES

19 February 2026 08:19

Salam Ramadhan Al-Mubarak 🌙 !

May this sacred month fill our lives with compassion, discipline, and abundant blessings.

We thank you for your trust and remain committed to supporting your journey in the year to come. ✨

BIMB SECURITIES

19 February 2026 01:49

*BIMB Securities - Company Update*

*TENAGA* - Big wins in NewGen25 tender

*Target Price: RM17.84 / BUY*

We view the award of the ⚡ 1.4 GW new combined-cycle gas turbine (CCGT) plant, and the 🔧 extension of the existing three power plants with a combined capacity of 1.3 GW as earnings-accretive, though the overall impact remains largely minimal 📊.

The new award will increase Peninsular capacity by 9.1%, translating to 8.4% of the total generation portfolio 📈.

We make no changes to our FY25–FY27F earnings forecasts 🔍📝.

This report marks a transfer of coverage 🔄📄.

📌 Click the link below for more info:
https://drive.google.com/file/d/1_MQeYMec6CNudjdS0wefHW3K0kK-qeNc/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd

BIMB SECURITIES

04 February 2026 02:12

*BIMB Securities - Company Update*

*MISC* - LNG Carriers Fleet Rejuvenation

*Target Price: RM9.80 / BUY*

MISC Berhad has secured a 20-year firm charter contract for 3 newbuild LNG carriers for Petronas 🚢. Operations are scheduled to commence in 2029. We view the ongoing fleet rejuvenation as critical to sustaining long-term earnings while reducing GHG emission intensity 🌎. Nonetheless, we make no changes to our earnings forecasts at this juncture, pending further details from management. While MISC’s share price has risen to a fresh 1-year high amid stronger petroleum segment charter rates, we continue to see further upside to stock price 💰. Maintain BUY recommendation on MISC with a SOP-derived TP of RM9.80, implying 15.6x FY26F P/E.

📌 Click the link below for more info:
https://drive.google.com/file/d/15IZlbouej03Osm_HXEaV4Fn9g_adx0JH/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd

BIMB SECURITIES

29 January 2026 02:16

*BIMB Securities - Result Review*

*AXREIT* - Within Estimate

*Target Price: RM2.37 / BUY*

FY2025 realised PAT came in at RM203.3mn, up 25.8% YoY 👍. This was in line with our expectations and consistent with consensus, achieving 100.5% and 102% respectively. The stronger outcome was driven by firmer rental income contribution and disciplined cost control. In 4Q25, revenue increased 3.2% YoY, while realised PAT rose a stronger 21.9% YoY 📈. Net property income also improved by 3.0% YoY, supported by resilient rental income across the portfolio. On a QoQ basis, revenue declined slightly by 2.2%, while realised PAT eased 3.3%, mainly due to a 2.0% decline in NPI from lower property income in the quarter. Overall, FY2025 results underscore the continued resilience of AXREIT’s portfolio 💪. Performance remains underpinned by high occupancy levels, stable rental streams, and prudent asset and cost management.

📌 Click the link below for more info:
https://drive.google.com/file/d/1OAx0SzTCRDrgmAnGeTannaZ9v5o_oUjF/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd

BIMB SECURITIES

27 January 2026 01:57

*BIMB Securities - Company Update*

*T7GLOBAL* - KLIA BHS Project Back on the Right Track

*Target Price: RM0.40 / BUY*

T7 Global announced the extension of the KLIA BHS project completion to 4Q28, following earlier execution delays caused by logistical constraints amid stronger-than-expected passenger traffic at the terminal 📆. We view the resequencing positively, as the resumption of project works should place the company back on track for steadier execution going forward 👍. We maintain our BUY recommendation with an unchanged TP of RM0.40. We view the current valuation as undemanding given its earnings visibility and expanding operational footprint 💼.

📌 Click the link below for more info:
https://drive.google.com/file/d/1FpKL_RBbAm_UtyhGK7cvCe-SI2tUQ8oe/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd

BIMB SECURITIES

20 January 2026 02:21

*BIMB Securities - Technical Watch*

*CSCSTEL* - Breakout Sparks Fresh Bullish Momentum

📈 The price has decisively broken above its downward trendline resistance after three previous failed attempts ❌❌❌, signalling a potential bullish trend 🚀.

🔺 The breakout (refer arrow ➡️) was accompanied by a runaway gap 🕳️ and higher trading volume 📊⬆️, indicating strong bullish momentum 💪 and validating the move ✅, while the upward-sloping EMA 📐 suggests sustained buying interest 🟢 as market participants are willing to transact at higher prices 💰

🎯 Based on a Fibonacci trend-based projection 🧮, the upside targets are RM1.62 (0.618 level) ⭐ and RM1.81 (1.0 extension) 🌟

⚠️ On the downside, a break below RM1.23 and RM1.05 support levels 🛑 would invalidate the bullish view ❌

📌 Click the link below for more info:
https://drive.google.com/file/d/1tPF5pvma8-r9MxdmiwS_jpjb5dY98HQq/view?usp=sharing

📞 If you need further assistance, you can reach us via Whatsapp at +60192066296

Best Regards,

Retail Dealing | BIMB Securities Sdn Bhd