KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Consensus Estimates
Revenue: $10.71B expected (vs. $12.61B a year ago)
EPS: $0.12 expected (vs. $0.99 a year ago)
Nike has a history of beating EPS estimates in 7 straight quarters, but stock reactions have been negative — it has traded lower after 8 of its last 9 earnings reports.
Expert Views
Jay Woods (Freedom Capital):
Stock is down 66% from 2021 highs.
“Things aren’t looking good” — inventories and tariff risks weigh.
Suggests waiting for a breakdown near $52 before buying.
Tom Nikic (Needham):
Maintains Buy, cuts PT to $66 (from $75).
Says Street’s FY26 expectations are too high given tariff pressures.
Notes turnaround will take time despite leadership changes.
Lorraine Hutchinson (BofA Securities):
Maintains Buy, PT $80.
Believes Q4 could mark peak pressure on sales/margins.
Highlights strong Spring ’26 innovation pipeline and opportunities in wholesale.
Other Analyst PTs:
Truist: Buy, PT cut to $73 (from $82)
Evercore ISI: Outperform, PT $75 (from $97)
Deutsche Bank: Buy, PT $71 (from $77)
Barclays: Equal-Weight, PT $53 (from $60)
Key Watchpoints for Investors
Regional Trends:
North America (last quarter: -4% YoY)
Greater China (last quarter: -17% YoY, weakest region)
Growth Plans & Partnerships:
Entry back to Amazon after 6 years — could expand e-commerce reach.
SKIMS collaboration (with Kim Kardashian) delayed — potential update expected.
Tariff Impact:
Analysts see tariffs as a drag on margins and a major risk for FY26.
Investor Takeaway:
Nike faces weak near-term earnings with tariff headwinds, inventory challenges, and muted brand momentum. Analysts remain divided — some see Q4 as the bottom, while others warn that a true turnaround may take several quarters. Long-term upside hinges on innovation (Spring ’26 pipeline) and new retail partnerships.
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