Skip to main content

Featured Post

Seoul Crash Sparks Asia Rout as Oil Shock Fears Intensify

Asian markets plunged on Wednesday, led by a dramatic selloff in South Korea, as investors rushed to unwind chipmaker bets amid rising fears that a prolonged Middle East war could trigger a sustained energy shock. South Korea Triggers Circuit Breaker KOSPI Index  slumped more than 11%, prompting a circuit breaker. Two-day losses widened to  17% — the steepest since 2009 . The Korean won dropped to a  17-year low , compounding market stress. Elsewhere: Nikkei 225  fell 4.3% Taiwan stocks dropped 3.6% S&P 500 futures slipped 0.6% Key Point: Heavy profit-taking in semiconductor stocks amplified the regional selloff. Chipmakers had been among the hottest trades in recent months, driven by AI demand. Investors are now cashing out of crowded positions. Oil Surge Drives Inflation Fears Brent crude  rose more than 13% this week to US$82.08 per barrel. Prices retreated slightly after  Donald Trump  ordered insurance guarantees for Gulf shipping and signalle...
Post a Comment

Malaysia Morning Wrap: PMI Slips to 49.3 as Markets Reel from Middle East Shock

 


Malaysia’s manufacturing sector slipped back into contraction in February, while global markets reacted to escalating tensions in the Middle East following US and Israeli strikes on Iran.

Key Takeaways

  • Wall Street volatile after US–Israel strike on Iran

  • Bursa Malaysia slumps with over 1,000 stocks in the red

  • Malaysia PMI falls to 49.3, back below 50 contraction line

  • Stocks in focus: Optimax, Dagang NeXchange, OMH and others

US Market Recap: Oil and Gold Surge on Geopolitical Tensions

Nasdaq Composite rose 0.36% to 22,748.86
S&P 500 Index edged up 0.04% to 6,881.62
Dow Jones Industrial Average slipped 0.15% to 48,904.78

Markets initially dropped after US and Israeli forces launched coordinated strikes targeting Iran’s alleged nuclear and missile facilities. Iran retaliated with missile attacks on Israel and US-linked targets in the region.

Oil prices jumped as much as 12% before easing:

  • West Texas Intermediate crude traded at US$72.54 per barrel.

Safe-haven demand lifted gold:

  • Gold Futures +2% to US$5,352

  • Silver Futures -3.3% to US$90.195

Key Point: Geopolitical escalation drove safe-haven flows into gold while oil volatility spiked.

Bursa Malaysia: Broad-Based Selling

FTSE Bursa Malaysia KLCI fell 0.96% to 1,700.21.

More than 1,000 stocks ended lower as investors reduced risk exposure amid rising Middle East tensions.

Top movers:

  • Petronas Chemicals Group Bhd +13%

  • MR D.I.Y. Group (M) Bhd -7.26%

USD/MYR weakened to 3.927 as the US dollar strengthened.

Key Point: Escalating geopolitical risk triggered broad-based selling across Malaysian equities.

Malaysia Manufacturing Sector Cools

Malaysia’s manufacturing momentum faded in February.

S&P Global reported that the Malaysia Manufacturing Purchasing Managers’ Index (PMI) fell to 49.3, down from 50.2 in January.

The reading:

  • Slipped below the neutral 50 level

  • Marked the sharpest slowdown since June 2025

  • Suggests GDP growth of just under 5% based on historical comparisons

Key Point: Malaysia’s PMI returning below 50 signals renewed contraction in manufacturing activity.

Stocks to Watch

Optimax Holdings Bhd

Received Ministry of Health approval to offer ENT services at its Optimax Specialist Centre in Selangor.

Dagang NeXchange Bhd

Signed a three-year MOU with Majlis Amanah Rakyat to explore AI-driven digital transformation initiatives.

OM Holdings Ltd

Completed disposal of its 26% stake in Ntsimbintle Mining to Exxaro Resources Ltd.

Exsim Hospitality Bhd

Secured RM54.5 million turnkey contract for water park development works.

MISC Bhd

To charter two additional LNG carriers to PETRONAS LNG Ltd.

Velesto Energy Bhd

Secured five-year drilling contract from PETRONAS Carigali.

Public Packages Holdings Bhd

Appointed Dan Then Ikh Choo as new group CEO effective March 2.

Market Outlook

Markets are currently navigating three major pressures:

  1. Escalating Middle East conflict

  2. Energy price volatility

  3. Softening domestic manufacturing data

While safe-haven flows support gold and oil-linked counters, broader equity sentiment remains cautious.

Overall theme: Rising geopolitical tensions and softer PMI data weigh on risk appetite across Malaysia and global markets.

Labels:

Comments

Post a Comment

Popular posts from this blog

特朗普考虑保罗·阿特金斯接任SEC主席，或推动加密货币监管转型

据彭博社报道，美国候任总统唐纳德·特朗普正在考虑由 保罗·阿特金斯 （Paul Atkins）接替即将卸任的证券交易委员会（SEC）主席 加里·根斯勒 （Gary Gensler）。阿特金斯以其支持数字资产的立场闻名，这一任命可能为SEC的加密货币监管政策带来重大转变。 事件概况 阿特金斯的背景 ： 阿特金斯曾在乔治·W·布什政府期间担任SEC专员。他一直推动制定明确且平衡的加密货币法规，力求为金融科技创新提供支持。 行业经验 ： 离开SEC后，阿特金斯领导了 Patomak Global Partners ，一家为主要金融公司提供咨询的机构。他主张简化监管流程以鼓励创新，同时确保市场完整性。 其他候选人 ： 马克·乌耶达 （Mark Uyeda）：现任SEC专员 希斯·塔伯特 （Heath Tarbert）：前商品期货交易委员会（CFTC）主席 罗伯特·斯特宾斯 （Robert Stebbins）：Willkie Farr & Gallagher LLP合伙人 特朗普的亲加密货币立场 特朗普承诺终结根斯勒领导下的SEC“反加密货币运动”。根斯勒的任期因FTX崩盘等丑闻后的强力执法而备受争议，被批评为给行业带来了不确定性。 阿特金斯的潜在任命与特朗普的目标一致，即在保障市场完整性的同时，通过更加友好的监管政策推动数字资产的发展。 接下来会发生什么？ SEC主席的任命预计将在未来几天内敲定。如果阿特金斯接任，这将表明SEC将采取更注重创新的监管方式，为加密货币行业带来更大的确定性和发展空间。
Post a Comment
Read more

Capital A 股价下跌，因外汇驱动的第三季度业绩低于预期

Capital A Bhd 在周五早盘交易中股价下跌7%，至1.01令吉，市值降至46亿令吉。这是由于其2024财年第三季度业绩未达到大多数分析师预期，尽管受益于外汇收益提振。 2024财年第三季度亮点： 核心税后及少数股东权益后亏损 (Latmi)：  1.434亿令吉，令2024财年前9个月的税后亏损达到1.195亿令吉。 业绩未达  香港联昌投资银行（HLIB）预计的7.549亿令吉的税后净利（Patmi），但与市场普遍预测的4.59亿令吉税后净利一致。 剔除例外项目 (EIs)：  共计12亿令吉，主要由于15亿令吉的外汇收益，但被递延税务损失部分抵销。 环比表现： 核心Latmi从上一季度的5,760万令吉恶化至1.434亿令吉，主要受以下因素影响： 季节性收益率疲弱； 成本增加； ADE MRO（维修、保养及翻修）业务因6个新机库的启动成本造成亏损。 未来展望： 预计2024财年第四季度表现将有所改善，得益于： 更高的机队容量； 季节性需求和收益率的改善； 喷气燃料价格下降及美元贬值； 来自新ADE机库的运营贡献。 待决事项： 航空业务出售：  正等待法院批准出售给亚航长途（AirAsia X Bhd, KL:AAX），预计在2025财年第一季度完成。 PN17状态：  出售后仍维持，预计在2025财年上半年完成相关解决方案。 联昌投资银行（HLIB）建议： 维持“买入”评级，目标价为1.68令吉，估值基于航空业务为68亿令吉，非航空业务为21.5亿令吉。 尽管短期面临挑战，Capital A 的长期增长前景依然受到更强的季节性表现和战略举措的支持。
Post a Comment
Read more

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...
Post a Comment
Read more