Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
The FBM KLCI surged 1.16% to 1,535.73, hitting a two-week high on Thursday, buoyed by gains in banking and energy stocks, even as Wall Street dipped on Trump’s proposed 25% tariffs on imported vehicles.
Market Summary
Wall Street Recap
S&P 500: 5,693.31 (-0.33%)
Dow Jones: 42,299.70 (-0.37%)
Nasdaq: 17,804.03 (-0.53%)
Market sentiment was cautious as Trump’s auto tariffs reignited trade tension fears, especially impacting the tech-heavy Nasdaq.
Bursa Malaysia Highlights
FBM KLCI: 1,535.73 (+1.16%)
Top Gainer: Gamuda (RM4.32, +7.73%)
Top Loser: Axiata (RM1.84, -1.60%)
USD/MYR: 4.4315 (+0.05%)
KLCI saw its strongest single-day gain since March 13, reflecting local resilience and limited exposure to U.S. auto trade.
Economic & Sectoral Developments
Producer Price Index (PPI):
Feb 2025 PPI growth slowed to 0.3% y-o-y (from 0.8% in Jan), driven by perennial crop growth (+15.2%) in agriculture.
Export Risks Identified:
UOB warns Malaysia may be vulnerable to new U.S. tariffs, particularly in:
E&E (40% of exports)
Rubber
Furniture
Optical equipment
Air Travel Growth:
8.7 million air passengers in Feb (+6.9% y-o-y), aided by visa ease for Chinese & Indian tourists.
Stock Highlights
🔹 SAPNRG (5218.MY):
Q4 net profit: RM405.7M, full-year: RM189.5M
Boosted by RM792M gain from SapuraOMV sale
🔹 KPJ (5878.MY):
RM241M sale of 2 hospital properties to Al-‘Aqar REIT in a sale-and-leaseback deal
🔹 CRESNDO (6718.MY):
FY2025 net profit RM536.3M (vs RM56.7M y-o-y)
Revenue tripled to RM1.15B, driven by data centre land sales in Iskandar Puteri
🔹 BURSA (1818.MY):
Tan Sri Abdul Farid Alias to replace Abdul Wahid Omar as non-executive chairman from May 1
🔹 LSH (0351.MY):
Former KL Tower operator files lawsuit over 20-year concession award
Upcoming
Bursa Malaysia closed Mar 31 & Apr 1 for Hari Raya Aidilfitri
Eid Mubarak! Selamat Hari Raya Aidilfitri to all celebrating.
Key Takeaway
Despite external headwinds, Malaysia’s market showed notable strength, led by property, infrastructure, and healthcare plays. Investors are eyeing E&E trade risks and IPO activity while positioning for Q2 earnings.
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