Key Indices
Top Stories
Company Results | Mr D.I.Y. Group (M) (MRDIY MK/BUY/RM1.52/Target: RM1.70)
- Earnings disappointed as SSSG bucked the recent trend to contract against expectations. A price-lock campaign and lumpy costs further weighed on margins as earnings contracted yoy. Maintain BUY with a lower target price of RM1.70 (from RM2.30). MRDIY offers a yield of 5.6-6.4% for 2026-28.
Company Results | SD Guthrie (SDG MK/BUY/RM6.91/Target: RM7.65)
- SDG’s 1H26 results were broadly in line with expectations, as stronger CPO prices and resilient downstream earnings offset weaker Malaysian FFB production. We expect plantation earnings to improve in 2H26 as Malaysian output recovers during the peak production season, although weather-related risks remain a key concern for 2027. We raise our 2026-28 earnings forecasts by 10%/8%/8% respectively as we think SDG is highly likely to meet its RM700m earnings target for the industrial division. Maintain BUY; target price: RM7.65.
Market Spotlight
- The FBMKLCI slid 3.91pt to close at 1,731.46 yesterday as profit-taking across the board sent the index lower.
- US stocks were lower after the close on Tuesday, as losses in the consumer services, technology and healthcare sectors led shares lower.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Adventa | ADV MK
- Trading Buy Range: RM0.145-0.15
Comfort Gloves | CG MK
- Trading Buy Range: RM0.14-0.15
Dancomech Holdings | DMEC MK
- Trading Buy Range: RM0.345-0.35
Top Stories
Company Results | Mr D.I.Y. Group (M) (MRDIY MK/BUY/RM1.52/Target: RM1.70)
- Earnings disappointed as SSSG bucked the recent trend to contract against expectations. A price-lock campaign and lumpy costs further weighed on margins as earnings contracted yoy. Maintain BUY with a lower target price of RM1.70 (from RM2.30). MRDIY offers a yield of 5.6-6.4% for 2026-28.
Company Results | SD Guthrie (SDG MK/BUY/RM6.91/Target: RM7.65)
- SDG’s 1H26 results were broadly in line with expectations, as stronger CPO prices and resilient downstream earnings offset weaker Malaysian FFB production. We expect plantation earnings to improve in 2H26 as Malaysian output recovers during the peak production season, although weather-related risks remain a key concern for 2027. We raise our 2026-28 earnings forecasts by 10%/8%/8% respectively as we think SDG is highly likely to meet its RM700m earnings target for the industrial division. Maintain BUY; target price: RM7.65.
Market Spotlight
- The FBMKLCI slid 3.91pt to close at 1,731.46 yesterday as profit-taking across the board sent the index lower.
- US stocks were lower after the close on Tuesday, as losses in the consumer services, technology and healthcare sectors led shares lower.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Adventa | ADV MK
- Trading Buy Range: RM0.145-0.15
Comfort Gloves | CG MK
- Trading Buy Range: RM0.14-0.15
Dancomech Holdings | DMEC MK
- Trading Buy Range: RM0.345-0.35
Key Indices
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