MONEY MASTER

Tanco Holdings  saw its share price collapse  60% in a single day , extending a brutal selloff that erased nearly  RM10 billion in market value  within days. What Happened Stock plunged  60% to 20 sen  (limit-down) Marked  4th consecutive limit-down session Over  205 million shares traded  in heavy selling Key point: One of the sharpest collapses in Bursa history after a massive speculative rally. From Boom to Bust Shares had surged  600% since 2024 Market cap peaked at  ~RM10 billion (June 3) Now dropped to  ~RM1.2 billion This is a classic parabolic rally followed by a rapid unwind. What Triggered the Selloff 1. Insider Trading Activity Raised Concerns Managing director  sold shares near peak prices Bought and sold large blocks within days Mixed insider signals often shake investor confidence. 2. Speculative Momentum Faded Earlier rally driven by: Data centre story (50MW project with China Mobile) Market speculation When...

Global markets turned cautious as a  sharp tech selloff and escalating US-Iran tensions  weighed on sentiment, while Malaysia’s palm oil sector faced rising pressure from  weak exports and intensifying regional competition . Wall Street Slides on Tech Weakness and Geopolitics US equities declined sharply, led by heavy selling in technology stocks: S&P 500 -1.62% ,  Nasdaq -1.98% ,  Dow -1.87% Super Micro Computer  plunged  28%  after a dilutive share placement Broad declines across chipmakers including  NVIDIA ,  Advanced Micro Devices  and  Taiwan Semiconductor At the same time, oil prices surged  3% to US$90+ , as renewed military strikes heightened fears of  inflation and prolonged high interest rates . KLCI Holds Ground but Breadth Signals Weakness Despite global volatility, Malaysia’s  KLCI edged up 0.21% , supported by selective buying. However, underlying sentiment remained fragile: Losers outpaced gai...

Malayan Banking Bhd’s latest disclosure points to more than just deal volume,  it provides  early evidence that the Johor-Singapore Special Economic Zone (JS-SEZ) is beginning to attract meaningful capital flows , positioning the bank at the forefront of a multi-year regional growth theme. Early Signs of Capital Formation in JS-SEZ Malayan Banking Bhd  has facilitated  RM20 billion (US$4.9 billion) in financing and investments  tied to the JS-SEZ, spanning corporate, mid-market and consumer segments. More notably, the bank has supported the establishment of  nine family offices in Johor , signalling: Rising wealth inflows into the corridor Growing demand for  cross-border structuring and asset allocation Early-stage development of a  regional wealth management hub This suggests the SEZ is  moving beyond policy ambition into execution phase , where capital deployment is already taking shape. From Policy Framework to Investable Theme The JS-SEZ...

Singapore equities opened firmer as a  rebound in US technology stocks  and easing risk sentiment supported regional markets, while investors focused on potential  value-unlocking moves in the banking sector . Market Snapshot The  Straits Times Index (STI)  rose  0.18% to 4,972.54 , with  advancers outpacing decliners (75 vs 41)  in early trade, reflecting cautious optimism. Wall Street Recovery Driven by Tech US markets stabilised after last week’s selloff, led by a sharp rebound in semiconductor and tech names: Nasdaq +0.9% ,  S&P 500 +0.3% , while  Dow -0.2% Intel  surged  11.2% Micron Technology  gained  9.9% Marvell Technology  rallied on index inclusion The move highlights  resilient investor conviction in AI-driven growth , despite recent volatility. Singapore Labour Market Shows Caution Hiring sentiment weakened, with outlook falling to  +13% for Q3 2026 , the lowest since 2021. Companies ar...

Singapore equities showed  mixed performance  on Monday, with selective buying in energy and REITs, while broader sentiment remained cautious amid  geopolitical tensions and rising oil prices . STI Movers: Energy and REITs Outperform Leading the gains was  Sembcorp Industries , which rose  +1.02% to S$6.96 , supported by  higher oil prices and energy demand outlook . Other notable gainers included: Mapletree Logistics Trust   +0.84% Venture Corporation   +0.50% Mapletree Industrial Trust   +0.50% OCBC Bank   +0.49% The gains highlight  defensive positioning , with investors favouring  yield and energy-linked names . Laggards: Property and Cyclicals Under Pressure On the downside,  Hongkong Land  led losses, falling  -2.10% to S$7.91 . Other decliners included: SATS Ltd   -1.65% Jardine Matheson   -1.57% SGX   -1.56% Yangzijiang Shipbuilding   -1.49% Weakness in cyclicals reflects  concern...

What Changes / What Doesn’t Tesla ’s Q4 earnings are not about whether the quarter was “good” or “bad”. They are about  whether the valuation framework investors are using still holds . At current prices, Tesla is  not valued as a car company . It is valued as a  future AI + energy platform  with optionality priced in  today . This earnings call tests  how much of that optionality remains credible . What DOESN’T Change After This Earnings 1.  Deliveries Are No Longer the Core Debate Q4 deliveries down ~16% YoY are already fully discounted Volume volatility is now treated as  background noise The market has accepted that Tesla is past its hyper-growth auto phase No re-rating happens just because deliveries are weak — unless margins collapse. 2.  AI / Robotaxi Is Still a Forward Option, Not a Cash Flow Driver Robotaxi, FSD and Optimus contribute  near-zero earnings  in 2026–27 models Bulls and bears already agree on this fact The disa...

The STI session was less about broad index direction and more about  sector rotation and balance-sheet sensitivity  as investors recalibrated around rates, FX, and earnings visibility. STI Winners: Defensive + FX-leveraged names bid Top gainer Wilmar International  (+3.4%) A classic  defensive + FX beneficiary . Stronger regional currencies and stable agri margins continue to draw flows, especially as investors trim bank exposure. Other gainers: Singtel  (+0.45%) Yield visibility + balance-sheet stability remain attractive in a “no policy shock” environment. UOL Group  (+0.49%) Mild recovery bid as property names stabilize ahead of policy clarity.  STI Laggards: Banks de-rated on NIM risk Top loser United Overseas Bank  (-2.53%) Also weak: OCBC Bank  (-1.17%) What’s driving this: Markets are quietly  pricing peak NIMs Lower long-end yields + expectations of eventual policy easing = pressure on bank earnings momentum Not a credit issue —...

 Market Overview Singapore shares opened lower on Thursday as regional markets digested mixed global cues, while Wall Street closed higher overnight, led by gains in technology and banking stocks. FTSE Straits Times Index (STI):  4,367.77 (-0.01%) Volume / Value:  81.18M / S$111.02M Advancers / Decliners:  77 / 72 Global Highlights Nasdaq and S&P 500 Advance on Tech and Bank Strength US markets closed higher on Wednesday, with the  Nasdaq Composite  up  0.7%  to 22,670.08 and the  S&P 500  rising  0.4%  to 6,671.06. The rally was fueled by strong results from key players such as  Advanced Micro Devices (AMD) , which gained  9.4% after HSBC raised its price target. Bank of America (BAC)  and  Morgan Stanley (MS)  also rose  4.4%  and  4.7% , respectively, after upbeat Q3 earnings. Precious Metals Surge as US-China Trade Tensions Escalate Trade tensions resurfaced after Washington a...

Genting Bhd – Plans RM6.7 Billion Buyout of Genting Malaysia Genting Bhd (KL:GENTING) has proposed to  privatise and delist Genting Malaysia Bhd (KL:GENM)  through a  RM6.7 billion cash offer  at  RM2.35 per share , representing a 10% premium to its last traded price. The buyout is conditional on increasing Genting’s stake above 50% from its current 49.36%. If successful, it would mark Genting Malaysia’s  exit from Bursa Malaysia after nearly four decades. The move coincides with Genting Malaysia’s bid for a  US$5.5 billion casino licence in New York , with a decision expected by  Dec 1  and licence awards by  Dec 31 . Malakoff Corp – Secures Turbine Supply from Mitsubishi Power Malakoff Corp Bhd (KL:MALAKOF) has signed a  reservation agreement  with  Mitsubishi Power  for  two M701JAC gas turbines  to support its planned  1,400MW gas-fired power plant  in southern Peninsular Malaysia. The agreemen...

  Global Market Recap Wall Street at Record Highs as Tech Stocks Rally The S&P 500 and Nasdaq Composite extended gains to new all-time highs overnight, led by strong performances in  AMD  and  Tesla . The $S&P 500 Index (.SPX.US)$ rose  0.36%  to  6,740.28 , while the $Nasdaq Composite (.IXIC.US)$ climbed  0.71%  to  22,941.67 . $Advanced Micro Devices (AMD.US)$ surged  23.7%  following a landmark multi-year AI chip supply deal with  OpenAI , expected to generate tens of billions in revenue. $Tesla (TSLA.US)$ gained  5.5%  amid renewed speculation about an upcoming model launch. Meanwhile,  gold prices hit a new record , touching  US$3,994.50/oz , as investors sought safe-haven assets amid the prolonged US government shutdown.  Bitcoin  also set a fresh high above  US$126,000 , with inflows into crypto ETFs accelerating. The $Dow Jones Industrial Average (.DJI.US)$ edged down...

  Key Takeaway:  Apple’s stock has surged  12% in the past month , hitting its highest level since December 2024, as strong iPhone 17 demand sparks optimism. Analysts remain split, with some cheering China-led growth while others warn of product mix risks. Apple Inc. (AAPL)  is riding a wave of optimism thanks to the launch of the  iPhone 17 , with shares jumping  4.3% on Monday  to close at their 2025 peak of  US$256.64 . The stock has rebounded sharply from a rough first half — when it slumped nearly  30%  amid tariff worries and AI concerns — and is now one of the  best performers in the Nasdaq Composite . Early signs suggest demand for the iPhone 17 is running ahead of supply. Bank of America’s  Wamsi Mohan  noted that ship dates are more extended than last year’s iPhone 16, particularly in China, where orders are boosted by a  15% government subsidy  and regulatory delays for the new iPhone Air. China’s rece...

Binastra Corp Bhd (KL:BNASTRA) is back in the spotlight after posting stronger earnings, with its share price rallying to within a whisker of its all-time high. The counter gained  3% to RM2.00  on Friday — only one sen below the RM2.01 peak recorded earlier this week. That brings year-to-date gains to  16% , valuing the construction player at  RM2.18 billion .  Key Earnings Takeaways Net profit for the six months ended July 31, 2025 jumped  25% YoY . Earnings now account for about  40% of consensus FY25 forecasts . Analysts believe the gap will be closed as project billings accelerate.  Analyst Call: More to Come Mercury Securities is upbeat: “We anticipate stronger earnings delivery in the coming quarters, supported by higher progress billings from the existing orderbook and the commencement of newly secured projects.” Why Investors Are Watching Contract wins and project rollouts continue to underpin sentiment. Stronger earnings visibility posit...