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DRB-Hicom Jumps 8% After Earnings Beat — Is the Turnaround Real?

Shares of  DRB-Hicom Bhd  surged to a three-month high after delivering earnings well above expectations. The stock climbed as much as 8% to RM1.24, valuing the group at roughly RM2.4 billion. But beneath the headline beat, analyst opinions remain sharply divided. What Drove the Surprise According to  Hong Leong Investment Bank : 4QFY2025 core PATAMI: ~RM136 million FY2025 core earnings: ~RM178 million Earnings came in at 189% of HLIB’s forecast Key drivers: Strong Proton vehicle sales Improved margins Land sales contribution Proton highlights: 19,800 units sold in January 2026 (record high) Over 100,000 bookings for Saga MC3 3,000+ deliveries of e.MAS 5 EV in January Consolidation of manufacturing at Tanjung Malim for cost efficiency Money Master Take This is a classic case of  headline beat vs structural sustainability . 1️⃣ Proton Is Carrying the Story The turnaround narrative rests heavily on Proton. Sales momentum is strong EV adoption gaining traction Geely reg...
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Asia Stocks Set Record February Surge as AI Boom Fuels Rally

Asian equities are heading for their strongest February performance on record, powered by investor enthusiasm for companies supporting the artificial intelligence (AI) infrastructure boom.

Asia Steals the Spotlight in 2026

MSCI Asia Pacific Index has climbed 6.7% in February, marking its best February since its launch in 1998.

The rally puts Asian markets on track to outperform the U.S. for a third straight month.

South Korea led the charge:

  • KOSPI Index surged about 20% in February

  • Up 49% year-to-date, making it the world’s best-performing major index

Key Point: Global capital is rotating into Asian tech and AI supply-chain stocks.

Investors view Asian firms as the “picks and shovels” behind AI expansion — benefiting from infrastructure demand rather than facing disruption risk seen in the U.S.

U.S. Markets Lag Amid “AI Scare Trade”

S&P 500 Index futures slipped 0.3% Friday.

Despite strong earnings from Nvidia Corp., investors reacted cautiously. While revenue and profit beat estimates, concerns linger about:

  • Narrowing competitive moat

  • Long-term positioning in AI disruption

The muted response reflects rising expectations for AI leaders.

Emerging Markets See Fresh Momentum

Global asset managers overseeing over $20 trillion have increased exposure to:

  • Emerging-market equities

  • Currencies

  • Domestic bonds

  • Credit

Citigroup Inc. noted stronger long positioning across Asia, Latin America, and EMEA markets.

Meanwhile:

  • US 10-year Treasury yield held near 4%

  • Dollar stayed flat

  • Gold rose over 6% in February — marking its seventh consecutive monthly gain, the longest streak since 1973

Corporate Movers

  • Dell Technologies Inc. shares jumped after strong AI server sales outlook

  • Block Inc. to cut 4,000 jobs, citing AI-driven productivity shift

  • Coupang Inc. reported surprise Q4 loss

  • Netflix Inc. exited bidding for Warner Bros. Discovery Inc.

Market Snapshot

Stocks

  • Japan Topix +0.8%

  • Hang Seng +0.5%

  • Shanghai Composite flat

Currencies

  • Euro: $1.18

  • Yen strengthened 0.2%

Commodities

  • WTI crude: $65/barrel

  • Gold steady near record levels

What This Means for Investors

Asian equities are benefiting from:

  1. AI infrastructure demand

  2. Relative insulation from AI disruption fears

  3. Strong capital inflows into emerging markets

Big Picture: Asia is currently winning the AI trade while U.S. markets digest valuation and disruption risks.

If the rotation trend continues, emerging Asia may remain a key outperformer in 2026.

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