Top Stories
Sector Update | Renewable Energy
PETRA has officially announced the implementation of the LSS6 programme. The tender calls for a total quota of 2,500MW of solar capacity coupled with 1,250MW BESS. As the tender is a catalyst for the RE sector, we foresee RE EPCC players benefitting from strong orderbook replenishment and good earnings visibility into 2029. We expect LSS6 to provide about RM9b in EPCC contract opportunities over 2027-29. Maintain OVERWEIGHT.
Company Update | Matrix Concepts Holdings (MCH MK/BUY/RM1.24/Target: RM1.72)
We expect 1QFY27 results to come in flattish yoy at RM60m-65m. Sales should normalise from the earlier disruption of e-SPA implementation to reach RM400m, accounting for around 22% of its full-year sales target. Valuation has eased by 11% ytd to 0.93x on a 12-month forward basis, and currently offers a decent dividend yield of 5.8% for FY27. Maintain BUY with an unchanged target price of RM1.72.
Market Spotlight
- The FBMKLCI closed marginally higher at 1,722.19 (+8.43pt, +0.49%) yesterday, backed by gains in selected blue chips.
- US stocks were lower after the close on Thursday, as losses in the technology, basic materials and industrials sectors led shares lower.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
BP Plastics Holdings | BPP MK
Trading Buy Range: RM0.735-0.74
Carimin Petroleum | CARIP MK
Trading Buy Range: RM0.445-0.45
D&O Green Technologies | DOGT MK
Trading Buy Range: RM0.37-0.38
Top Stories
Sector Update | Renewable Energy
PETRA has officially announced the implementation of the LSS6 programme. The tender calls for a total quota of 2,500MW of solar capacity coupled with 1,250MW BESS. As the tender is a catalyst for the RE sector, we foresee RE EPCC players benefitting from strong orderbook replenishment and good earnings visibility into 2029. We expect LSS6 to provide about RM9b in EPCC contract opportunities over 2027-29. Maintain OVERWEIGHT.
Company Update | Matrix Concepts Holdings (MCH MK/BUY/RM1.24/Target: RM1.72)
We expect 1QFY27 results to come in flattish yoy at RM60m-65m. Sales should normalise from the earlier disruption of e-SPA implementation to reach RM400m, accounting for around 22% of its full-year sales target. Valuation has eased by 11% ytd to 0.93x on a 12-month forward basis, and currently offers a decent dividend yield of 5.8% for FY27. Maintain BUY with an unchanged target price of RM1.72.
Market Spotlight
- The FBMKLCI closed marginally higher at 1,722.19 (+8.43pt, +0.49%) yesterday, backed by gains in selected blue chips.
- US stocks were lower after the close on Thursday, as losses in the technology, basic materials and industrials sectors led shares lower.
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
BP Plastics Holdings | BPP MK
Trading Buy Range: RM0.735-0.74
Carimin Petroleum | CARIP MK
Trading Buy Range: RM0.445-0.45
D&O Green Technologies | DOGT MK
Trading Buy Range: RM0.37-0.38
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