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Market Daily Report: Profit-taking Ends Bursa Malaysia's Five-day Winning Streak

KUALA LUMPUR, Jan 28 (Bernama) -- Bursa Malaysia snapped its five-day winning streak to close lower on Wednesday, as investors took profit following a cumulative gain of 4.25 per cent over the past five sessions, said an analyst.  At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 14.76 points or 0.83 per cent to 1,756.49 from Tuesday’s close of 1,771.25.  The market bellwether opened 1.46 points lower at 1,769.79, marking the day’s high, and hit a low of 1,750.05 during the mid-afternoon session. Market breadth was negative with losers trouncing gainers 876 to 384, while 525 counters were unchanged, 964 untraded and 94 suspended.  Turnover improved to 3.65 billion units worth RM4.41 billion from Tuesday's 3.58 billion units worth RM4.46 billion.  
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Malaysia Corporate Wrap — Key Takeaways & Market Implications

Big Picture Themes for Investors

  • Retail & consumer defensives (Eco-Shop, Paradigm REIT) showing resilience.

  • FX volatility increasingly impacts exporters and companies with hedging exposure (PGF).

  • Event-driven names (DKSH, Ekovest) dominate short-term trading flows.

  • Capex delays & execution risk remain a concern in infrastructure-linked counters (T7 Global).

Ekovest

  • RM1.15bn Credence acquisition officially lapses after nine deadline extensions.

  • Deal failure removes a long-running overhang but also halts a major expansion plan.

  • Investor read: Neutral-to-slight negative near term; market may welcome clarity, but growth optionality is reduced.

DKSH Holdings (Malaysia)

  • Board to table selective capital reduction (SCR) for minority vote in privatisation bid at RM6.15/share.

  • Independent directors cleared the proposal after adviser review.

  • Investor read: Event-driven. Stock likely to trade close to offer price pending shareholder vote.

T7 Global

  • KLIA baggage handling upgrade delayed to 4Q2028, from original Dec 2025 target.

  • Delay attributed to operational complexity at a live airport.

  • Investor read: Negative optics. Long project timelines raise execution and working capital risks.

Eco-Shop Marketing

  • 2QFY26 net profit +16% YoY, driven by margin expansion, not volume growth.

  • Gross margin jumped to 32.7% (from 27.5%), helped by price adjustments and stronger ringgit.

  • Dividend maintained.

  • Investor read: Positive. Confirms pricing power and defensive earnings profile in a high-cost environment.

Paradigm REIT

  • 4QFY25 NPI up QoQ, supported by higher rentals and electricity cost savings.

  • 4.10 sen DPU declared (~4.1% yield).

  • Gearing at 32.4%, with balance sheet headroom.

  • Investor read: Stable, income-focused name. Execution consistent; valuation likely yield-driven.

PGF Capital

  • 3QFY26 profit declined YoY despite revenue growth.

  • Hit by mark-to-market losses and forex losses from export exposure.

  • Investor read: Caution. FX volatility remains a real earnings swing factor despite operational growth.

Malton

  • Signed MOU with China’s Benling to explore electric motorcycle assembly in Malaysia.

  • Early-stage, feasibility-focused; no capex or earnings guidance yet.

  • Investor read: Optionality only. Treat as long-dated diversification, not near-term catalyst.

Steel Hawk

  • Proposing 1-for-2 bonus warrants, exercise price 17 sen, 5-year tenure.

  • Potential fundraise of up to RM41.7m if fully exercised.

  • Investor read: Dilution risk. Warrants support liquidity but cap upside unless earnings accelerate.

Industronics

  • Chairman Datuk Leong Sir Ley emerged as 6.32% substantial shareholder.

  • Insider buying adds confidence signal.

  • Investor read: Mild positive governance signal; fundamentals still key.

Coastal Contracts

  • Consortium secured emergency Pemex job in Mexico to build gas sweetening plant.

  • Award bypassed tender due to urgency; work already commenced.

  • Investor read: Positive. Highlights overseas execution strength and potential orderbook uplift.


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