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Market Daily Report: Bursa Malaysia Ends At Two-month High On Positive Sentiment

KUALA LUMPUR, Dec 12 (Bernama) -- Bursa Malaysia’s key index closed higher today on bargain hunting, in line with positive investor sentiment across regional markets, consolidating at its highest level in more than two months — a level last seen on Oct 2, 2025. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 12.42 points, or 0.76 per cent, to 1,637.81, compared with Thursday’s close of 1,625.39. The benchmark index opened 2.83 points lower at 1,622.56, thereafter edged down to an early low of 1,622.03, before staging an uptrend to an intraday high of 1,640.36 in late trading. Market breadth was positive, with gainers trouncing decliners at 743 versus 387. Another 530 counters were unchanged, 1,108 untraded, and 16 suspended. Turnover increased to 3.09 billion units worth RM2.46 billion from 2.99 billion units worth RM2.35 billion on Thursday. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI ended higher on continued...
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Malaysia Corporate Highlights | Oct 8, 2025

Key Takeaway: Property, industrial, and tech-related news dominated Wednesday’s market updates, with major project launches, asset sales, and shareholder changes across leading Malaysian companies.

Property & Construction

UEM Sunrise (KL:UEM)

  • The Federal Court has dismissed UEM Sunrise’s appeal to challenge the Inland Revenue Board’s RM8.49 million additional tax assessment.

  • The ruling reverses a previous Court of Appeal decision that allowed its subsidiary UEM Land Bhd to pursue judicial review and defer payments.
    📌 Impact: Negative sentiment due to final legal loss and potential cash outflow.

S P Setia (KL:SPSETIA)

  • Partnering with Japan’s Mitsui Fudosan to develop a RM1.3 billion residential project in Semenyih, under Setia MF EcoHill Sdn Bhd.

  • The first phase will launch in 2026.
    📌 Impact: Positive for long-term earnings visibility and foreign JV credibility.

Tropicana (KL:TROP)

  • Redeemed another RM139 million sukuk under its RM1.5 billion wakalah programme, bringing total repayments to RM1.12 billion.
    📌 Impact: Strengthens balance sheet; reflects active debt reduction efforts.

Matrix Concepts (KL:MATRIX)

  • Signed MoU with Golog Holdings to develop the China–Malaysia Air Silk Road Dual Hub Industrial Park in Negeri Sembilan, spanning 618 acres with a GDV of RM8 billion.
    📌 Impact: Positive — potential new revenue driver tied to cross-border logistics and manufacturing.

Varia Bhd (KL:VARIA)

  • Filed a RM3 billion sukuk murabahah programme with the Securities Commission Malaysia.

  • Proceeds will fund capex, debt refinancing, and working capital.
    📌 Impact: Neutral to mildly positive — provides funding flexibility for expansion.

Institutional & Shareholding Moves

IOI Properties (KL:IOIPG)

  • EPF disposed of 100 million shares (1.82%), reducing its stake to 4.29% from 6.11%, exiting as a substantial shareholder after nine years.
    📌 Impact: May trigger short-term selling pressure; reflects institutional rotation.

ViTrox (KL:VITROX)

  • EPF also trimmed its holding below 5%, disposing 2.46 million shares.
    📌 Impact: Neutral — minor shareholding change amid recent tech valuation volatility.

Industrial & Technology

GUH Holdings (KL:GUH)

  • Plans to expand into advanced PCB production (10+ layers, HDI boards) and launch a RM1.2 billion property project in Simpang Ampat, Penang.

  • Targets telecom, automotive, and industrial control sectors.
    📌 Impact: Positive — diversification into high-value electronics manufacturing.

KNM Group (KL:KNM)

  • Secured High Court approval to sell Deutsche KNM GmbH to Japan’s NGK Insulators for €270 million (RM1.28 billion).

  • Part of KNM’s debt restructuring plan; Bursa PN17 appeal ongoing.
    📌 Impact: Positive — major progress in deleveraging efforts.

Automotive & Manufacturing

Pecca Group (KL:PECCA) & Betamek (KL:BETA)

  • Signed MoU to co-develop advanced entertainment systems for aircraft and trains.

  • Betamek to handle digital system development, Pecca to manage hardware integration and compliance.
    📌 Impact: Positive — new growth avenue beyond automotive upholstery.

Summary

SectorHighlightOutlook
PropertyMultiple JV and industrial park launches (S P Setia, Matrix Concepts)Positive long-term growth
TechnologyKNM, GUH, Pecca-Betamek diversifyingPositive innovation momentum
InstitutionalEPF trimming stakes in IOI Prop & ViTroxNeutral to slightly bearish
FundingVaria & Tropicana refinancing, sukuk movesStrengthens liquidity profiles

Overall sentiment: Neutral to mildly bullish — strong project pipeline and corporate restructuring efforts offset by institutional selling and market consolidation.

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