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
Key Takeaways:
This week’s events feature critical earnings reports from Nvidia and Walmart, along with essential economic indicators like the Manufacturing PMI. While Nvidia’s AI-driven growth is expected to impress, supply chain issues remain a concern. For Walmart, consistent sales growth across U.S. and international markets will be pivotal in sustaining investor confidence. Meanwhile, the PMI data will help set the tone for broader market sentiment in the face of evolving monetary policy and economic conditions.
1. Nvidia (NVDA.US) Q3 Earnings – November 20
Key Expectations:
- Revenue: Anticipated to soar 82% YoY to $33.03 billion, driven by explosive demand for AI chips, including the new Blackwell GPUs.
- Earnings Per Share (EPS): Forecast to rise 88.11% YoY to $0.70.
- Data Center Growth: Expected to contribute $29.1 billion, reflecting a massive 100.48% increase YoY.
Investor Sentiment:
Nvidia’s $50 billion share buyback program has bolstered confidence in its valuation. Analysts, including Susquehanna and Raymond James, have upgraded price targets, citing robust demand for AI products.Key Risks:
Concerns about supply chain constraints could limit short-term gains despite high demand for Nvidia’s cutting-edge technologies.What to Watch:
Nvidia's ability to manage supply chain challenges while sustaining its dominance in the AI market will be a key focus for investors.
2. Walmart (WMT.US) Q3 Earnings – Date TBD
Key Expectations:
- EPS: Projected to grow 3.9% YoY to $0.53.
- Revenue: Forecast to increase 4.2% YoY to $167.55 billion.
- U.S. Net Sales: Anticipated to climb 3.6%, with international sales up 6.5%.
Key Metrics to Monitor:
- Growth in U.S. and Sam’s Club comparable store sales.
- Expansion in store count and net square footage.
- Performance in membership and other income streams.
Investor Focus:
Analysts will closely examine Walmart’s strategic execution and growth trends in core and international markets to assess its competitive positioning.
3. US Manufacturing PMI – Date TBD
Market Context:
The Manufacturing PMI will provide insights into the health of the U.S. manufacturing sector, especially as the Fed reassesses its monetary policy stance. Investors will use this data to gauge potential economic slowdown or resilience amid inflation concerns.Implications:
A strong reading could signal economic resilience, potentially delaying further rate cuts, while weaker data might raise recession fears and pressure the market.
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