Key Indices
Top Stories
Company Update | CapitaLand Malaysia Trust (CLMT MK/BUY/RM0.585/Target: RM0.80)
- CLMT continues to look for opportunities to expand its industrial portfolio in Johor, supported by improving crossborder connectivity, incentives under the JS-SEZ, and CapitaLand’s established business network in Singapore. We came away from the site visit with a more positive view on the leasing prospects for i-TechValley, supported
by a robust pipeline of enquiries. Maintain BUY with a target price of RM0.80. CLMT remains one of our top picks, offering attractive yields of 8.9% and 9.3% for 2026 and 2027.
Company Update | Fraser & Neave Holdings (FNH MK/BUY/RM23.12/Target: RM36.00)
- Despite the challenging times, F&N appears to have weathered the worst of its headwinds as the outlook going forward appears brighter. Improving operational indices from the dairy segment and resilient demand from Cambodia sans-Thailand point towards better times ahead. However, we note that the expansion of its dairy production may be sidelined for now as focus shifts to operational efficiency. Maintain BUY with a lower target price of RM36.00 (from RM38.70) as we trim our forecasts for dairy earnings.
Market Spotlight
- The FBMKLCI ended in negative territory on Tuesday as the index dropped 18.80pt to close at 1,679.21, as support from selective buying was negated by sustained selling pressure on blue chips.
- US stocks were lower after the close on Wednesday, as losses in the telecommunications, oil & gas and financials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Star Media Group | STAR MK
- Trading Buy Range: RM0.30-0.31
Yinson Holdings | YNS MK
- Trading Buy Range: RM2.10-2.15
Homeritz Corporation | HMCB MK
- Trading Buy Range: RM0.415-0.42
Top Stories
Company Update | CapitaLand Malaysia Trust (CLMT MK/BUY/RM0.585/Target: RM0.80)
- CLMT continues to look for opportunities to expand its industrial portfolio in Johor, supported by improving crossborder connectivity, incentives under the JS-SEZ, and CapitaLand’s established business network in Singapore. We came away from the site visit with a more positive view on the leasing prospects for i-TechValley, supported
by a robust pipeline of enquiries. Maintain BUY with a target price of RM0.80. CLMT remains one of our top picks, offering attractive yields of 8.9% and 9.3% for 2026 and 2027.
Company Update | Fraser & Neave Holdings (FNH MK/BUY/RM23.12/Target: RM36.00)
- Despite the challenging times, F&N appears to have weathered the worst of its headwinds as the outlook going forward appears brighter. Improving operational indices from the dairy segment and resilient demand from Cambodia sans-Thailand point towards better times ahead. However, we note that the expansion of its dairy production may be sidelined for now as focus shifts to operational efficiency. Maintain BUY with a lower target price of RM36.00 (from RM38.70) as we trim our forecasts for dairy earnings.
Market Spotlight
- The FBMKLCI ended in negative territory on Tuesday as the index dropped 18.80pt to close at 1,679.21, as support from selective buying was negated by sustained selling pressure on blue chips.
- US stocks were lower after the close on Wednesday, as losses in the telecommunications, oil & gas and financials sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Star Media Group | STAR MK
- Trading Buy Range: RM0.30-0.31
Yinson Holdings | YNS MK
- Trading Buy Range: RM2.10-2.15
Homeritz Corporation | HMCB MK
- Trading Buy Range: RM0.415-0.42
Key Indices
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