Key Indices
Top Stories
Company Update | MISC (MISC MK/BUY/RM7.81/Target: RM9.50)
- 1H26 core profit is deemed in line. The petroleum segment’s stellar 2Q26 profit of US$232m reflects a strategic boost in its spot fleet mix to 30%, as MISC capitalised on high freight rates amid tensions in the Strait of Hormuz. The gas segment’s operational performance aligns with our theory that LNG earnings have bottomed. While petroleum may revert to pre-war levels for 2H26, an M&A event is now the near-term risk. Maintain BUY; target price: RM9.50. Risk-averse investors can consider taking profit.
Market Spotlight
- After treading in negative territory in the past few days, the FBMKLCI added 11.27pt to close at 1,698.01 yesterday due to buying interest in blue chips.
- US stocks were lower after the close on Monday, as losses in the industrials, basic materials and utilities sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Aurelius Technologies | ATECH MK
- Trading Buy Range: RM0.80-0.805
Resintech | RESI MK
- Trading Buy Range: RM0.47-0.475
Samchem Holdings | SAHB MK
- Trading Buy Range: RM0.525-0.535
Top Stories
Company Update | MISC (MISC MK/BUY/RM7.81/Target: RM9.50)
- 1H26 core profit is deemed in line. The petroleum segment’s stellar 2Q26 profit of US$232m reflects a strategic boost in its spot fleet mix to 30%, as MISC capitalised on high freight rates amid tensions in the Strait of Hormuz. The gas segment’s operational performance aligns with our theory that LNG earnings have bottomed. While petroleum may revert to pre-war levels for 2H26, an M&A event is now the near-term risk. Maintain BUY; target price: RM9.50. Risk-averse investors can consider taking profit.
Market Spotlight
- After treading in negative territory in the past few days, the FBMKLCI added 11.27pt to close at 1,698.01 yesterday due to buying interest in blue chips.
- US stocks were lower after the close on Monday, as losses in the industrials, basic materials and utilities sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Aurelius Technologies | ATECH MK
- Trading Buy Range: RM0.80-0.805
Resintech | RESI MK
- Trading Buy Range: RM0.47-0.475
Samchem Holdings | SAHB MK
- Trading Buy Range: RM0.525-0.535
Key Indices
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