KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
1. US-China Tensions Impact Southeast Asia Trade
- Malaysia’s Trade Minister Zafrul Aziz highlighted short-term opportunities as companies move supply chains to Southeast Asia.
- Long-term concerns: Slower global growth, higher consumer costs, and sustained geopolitical tensions affecting trade patterns.
2. Malaysia Needs High-Growth Sectors to Boost Economy
- Economist Dr. Nungsari Ahmad Radhi emphasized targeting high-growth, high-risk sectors to improve economic sustainability and reduce income inequality.
- Focus on structural reforms in labor, land, and capital to drive growth and social equity.
Stocks to Watch
1. Bumi Armada (ARMADA.MY) & MISC Bhd (MISC.MY)
- Merger Talks: Both companies are evaluating a merger of their offshore energy businesses, potentially forming a RM20 billion energy services entity.
- MISC Q3 Results:
- Net profit down 21% to RM338.9 million.
- Revenue fell 12% to RM2.96 billion, impacted by lower charter rates and operational costs.
- Declared 8 sen per share dividend, up from 7 sen last year.
2. Berjaya Food (BJFOOD.MY)
- Net Loss: Fourth consecutive quarterly loss, reporting RM33.68 million in Q1FY2025 due to the anti-Israel boycott affecting Starbucks operations.
- Revenue dropped to RM124.19 million, compared to RM278.53 million last year.
3. MR DIY (MRDIY.MY)
- Net profit fell 1.9% to RM121.65 million, impacted by rising operational costs.
- Revenue grew 6.4% to RM1.14 billion, supported by store expansion and higher transaction volumes.
- Declared 1 sen interim dividend.
4. Plintasan Kota Holdings (PLINTAS.MY)
- Net Profit Tripled: Reported RM12.09 million in Q3FY2024, driven by higher toll collections.
- Revenue: Increased to RM81.41 million.
5. Lysaght Galvanized Steel (LYSAGHT.MY)
- Special Dividend of 35 sen per share announced, following an 8-year high in earnings.
- Net Profit Growth: Up 62% to RM4.79 million, with revenue rising 9.2% to RM26.5 million.
6. Keyfield (KEYFIELD.MY)
- Record Net Profit: Up 77.18% to RM81.12 million, driven by fleet expansion and better vessel utilization.
- Declared a 4 sen interim dividend.
7. Teo Seng Capital (TEOSENG.MY)
- Net Profit Growth: Up 32% to RM58.1 million, boosted by robust poultry farming operations.
- Declared a 4 sen interim dividend.
8. YTL Power (YTLPOWR.MY)
- Subsidiary Ranhill: Terminated its partnership with China Energy International Group for a water supply project in Indonesia.
9. LBS Bina Group (LBS.MY)
- Exploring a 10GW green hydrogen facility in Kota Marudu, Sabah, aimed at producing 250,000 tonnes of green hydrogen annually.
Looking Ahead
With ongoing merger evaluations, dividend announcements, and new growth initiatives in high-potential sectors, the Malaysian market remains dynamic. Key developments like the Bumi Armada-MISC merger and high-growth sector targeting will shape the nation’s economic trajectory in the coming months.
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