Key Indices
Top Stories
Sector Update | Construction
- The Malaysian construction sector charted improving earnings in 2Q26, while we expect accelerated progress billing from higher orderbook to support our 15-18% earnings growth in 2026. This is largely supported by robust DC pipelines, as evidenced by strong DC project approvals in 1H26. Overall, we still like the sector for its earnings visibility and commendable dividend yields. Maintain OVERWEIGHT; top picks are Gamuda, Kerjaya Prospek Group, Binastra Corporation and IJM Corporation.
Market Spotlight
- The FBMKLCI closed marginally at 1,715.13 (+6.39pt) yesterday in tandem with most Asian regional benchmark indices.
- US stocks were higher after the close on Thursday, as gains in the financials, technology and consumer goods sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Cuckoo International (M) | CKI MK
- Trading Buy Range: RM0.44-0.445
Deleum | DLUM MK
- Trading Buy Range: RM1.32-1.33
Eco-Shop Marketing | ECOSHOP MK
- Trading Buy Range: RM1.50-1.51
Top Stories
Sector Update | Construction
- The Malaysian construction sector charted improving earnings in 2Q26, while we expect accelerated progress billing from higher orderbook to support our 15-18% earnings growth in 2026. This is largely supported by robust DC pipelines, as evidenced by strong DC project approvals in 1H26. Overall, we still like the sector for its earnings visibility and commendable dividend yields. Maintain OVERWEIGHT; top picks are Gamuda, Kerjaya Prospek Group, Binastra Corporation and IJM Corporation.
Market Spotlight
- The FBMKLCI closed marginally at 1,715.13 (+6.39pt) yesterday in tandem with most Asian regional benchmark indices.
- US stocks were higher after the close on Thursday, as gains in the financials, technology and consumer goods sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Cuckoo International (M) | CKI MK
- Trading Buy Range: RM0.44-0.445
Deleum | DLUM MK
- Trading Buy Range: RM1.32-1.33
Eco-Shop Marketing | ECOSHOP MK
- Trading Buy Range: RM1.50-1.51
Key Indices
IMPORTANT NOTICE - DISCLOSURES AND DISCLAIMERS
This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.
