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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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Malaysia Market Pulse: Maybank Profit Climbs 5.7%, 33 Sen Dividend Declared as Bursa Extends Slide

Market at a Glance

  • U.S. stocks closed mixed, with tech under pressure while financials advanced.

  • Bursa Malaysia fell for a third straight session.

  • Malaysia’s PPI dropped 2.9% YoY, dragged by mining weakness.

  • Maybank posted stronger earnings and declared a 33 sen dividend.

Wall Street Recap

Dow Jones Industrial Average rose 0.03% to 49,499.20
S&P 500 Index fell 0.54% to 6,908.86
Nasdaq Composite slid 1.18% to 22,878.38

Technology and communication services led losses, while financials gained 1.3%.

Major banks including JPMorgan Chase, Bank of America and Wells Fargo supported the sector’s rise.

Despite recent AI-related concerns, the software & services segment rebounded, with Salesforce jumping 4%.

Key Point: U.S. financial stocks outperformed as tech names faced renewed pressure.

Bursa Malaysia Snapshot

FTSE Bursa Malaysia KLCI closed at 1,740.94 (-0.39%)

  • Top Gainer: Sunway Berhad (+1.88%)

  • Top Loser: MR D.I.Y. Group (-4.35%)

  • USD/MYR: 3.8840

Malaysia’s Producer Price Index (PPI) fell 2.9% YoY in January, worsening from December’s 2.7% decline.

The drop was mainly due to:

  • Mining (-11.7%)

  • Crude petroleum (-11.8%)

  • Natural gas (-11.5%)

  • Agriculture (-8.3%)

  • Manufacturing (-1.7%)

However, utilities showed resilience:

  • Water supply (+10.2%)

  • Electricity & gas (+4.9%)

Key Point: Mining weakness continues to weigh on Malaysia’s upstream sector.

Stocks in Focus

Malayan Banking Berhad (Maybank)

  • Q4 net profit +5.7% YoY to RM2.68b

  • Net interest income +7.6%

  • FY2025 profit +4.2% to RM10.51b

  • Dividend: 33 sen per share

Key Point: Lower provisions and stronger lending boosted Maybank’s quarterly earnings.

Affin Bank Berhad

  • Q4 profit -6% YoY

  • FY2025 profit +6%

  • Final dividend: 8.53 sen

MBSB Bank Berhad

  • Q4 profit plunged 97.6%

  • Hit by large credit loss provisions

  • FY2025 profit -31%

Tenaga Nasional Berhad

  • Q4 profit more than doubled to RM1.68b

  • FY profit +19.8%

  • Final dividend: 28 sen

YTL Corporation Berhad

  • Q2 profit declined

  • Subsidiary YTL Power International saw earnings drop

  • Malayan Cement Berhad remained strong

Genting Berhad

  • FY2025 slipped into loss

  • Subsidiary Genting Malaysia Berhad returned to profit

  • Final dividend: 5 sen (Genting), 7 sen (GenM)

Press Metal Aluminium Holdings Berhad

  • Q4 profit +31.7% (record high)

  • FY2025 profit hit all-time high RM2.1b

  • Dividend: 2 sen

Axiata Group Berhad

  • Q4 losses narrowed

  • FY profit -60%

IJM Corporation Berhad

  • Q3 profit -86% due to forex losses

DRB-HICOM Berhad

  • Returned to profitability

  • Boosted by acquisition-related gains

Market Outlook

The divergence between strong banking earnings and continued macro softness suggests selective opportunities in financials, while commodity-linked sectors remain pressured.

Overall Theme: Financial stocks showing resilience while mining-linked sectors struggle.

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