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TA Global, 34th Floor, Menara Ta One, 34th Floor, Menara TA One, 22, Jalan P. Ramlee, Kuala Lumpur, Federal Territory of Kuala Lumpur, Bagan Lalang (2026)

05/05/2025

KUALA LUMPUR: Foreign investors continued their streak of net inflows on Bursa Malaysia, extending their buying trend to two consecutive weeks.
They recorded a net inflow of RM853.8 million, marking the first back-to-back weeks of net foreign inflows since Sept 24.

According to MIDF Amanah Investment Bank Bhd’s fund flow report for the week ended May 2, foreign investors were net buyers on every trading day, ranging between RM50.7 million and RM340.8 million.

It said Friday saw the highest net foreign inflow, followed by Thursday, which recorded net inflows of RM340.8 million and RM325.2 million, respectively.

“The three sectors that recorded the highest net foreign inflows were financial services (RM567.4 million), healthcare (RM124.8 million) and industrial products and services (RM107.9 million).

“The only two sectors that recorded net foreign outflows were energy (RM31.9 million) and plantation (RM6 million),” it said.

Meanwhile, MIDF stated that the local institutions extended their net selling streak to two consecutive weeks, with outflows amounting to RM692.6 million, marking the second consecutive week of net selling by local institutions since Aug 24.

It said the local retail investors extended their net selling trend to three weeks, with an outflow of RM161.2 million, almost 2.5 times more than the previous week’s outflow.

“The average daily trading volume saw a broad-based increase last week, with local institutions and local retailers recording an increase of 8.7% and 5.7%, respectively, while foreign investors saw an increase of 26%,” it said.

Meanwhile, in Asia, MIDF reported that the foreign investors extended their streak of net buying activity to two weeks, recording a substantial net inflow of US$3.32 billion (RM13.95 billion), led by strong buying sentiment in India and Taiwan once again.

10/04/2025

KUALA LUMPUR: The ringgit ended firmer against the dollar today, snapping a three-day losing streak following US president Donald Trump’s 90-day pause in reciprocal tariffs for all countries except China.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said the pause lifted market sentiment and paved the way for countries to negotiate with the US government and, perhaps, achieve a more favourable outcome.

“That has contributed to the rebound in risky assets in equities and currency markets,” he told Bernama.

It was reported that during the 90-day pause, tariffs will revert to a baseline rate of 10% even as negotiations with the US progress.

Downplaying the risk of further escalation, Trump sharply raised tariffs on Chinese goods from 104% to 125%.

At 6pm, the ringgit strengthened to 4.4670/4.4730 against the US dollar, marking a 0.58% gain from yesterday’s close of 4.4935/4990.

Meanwhile, the ringgit traded higher against major currencies today.

It appreciated against the Japanese yen to 3.0594/3.0639 from 3.0921/3.0964, increased against the euro to 4.9401/4.9467 from 4.9640/4.9700 and rose against the British pound to 5.7566/5.7644 from 5.7629/5.7700 yesterday.

The local note traded mixed against Asean currencies.

It inched up against the Indonesian rupiah at 265.5/265.9 from 266.3/266.7 and gained against the Philippine peso at 7.79/7.81 from 7.83/7.85.

However, it slid versus the Thai baht to 13.0618/13.0866 from 12.9915/13.0153 and was weaker against the Singapore dollar at 3.3361/3.3411 from 3.3349/3.3395 previously.

28/03/2025

KUALA LUMPUR: Bursa Malaysia opened lower in early trade, tracking overnight losses on Wall Street, analysts said.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 6.11 points to 1,529.62 from Thursday’s close of 1,535.73. The benchmark index had opened 4.16 points lower at 1,531.57.

Decliners outpaced gainers 206 to 132, while 204 counters were unchanged, 1,930 untraded, and 133 suspended.

Turnover stood at 151.68 million shares worth RM106.25 million.

ActivTrade trader Anderson Alves said Asian equities were likely to trade sideways on Friday as investors awaited clarity on upcoming US tariffs ahead of April 2, 2025.

“That’s when significant levies are set to take effect across multiple countries, with additional measures expected,” he said.

US President Donald Trump recently announced a 25% tariff on all foreign-manufactured automobiles starting that date, prompting caution ahead of what some investors are calling ‘Liberation Day’ – when further details on potential White House actions are anticipated.

However, Alves said Trump had since signalled that reciprocal tariffs might be “more lenient” than previously suggested, easing some investor concerns and supporting a cautiously positive market sentiment.

Among heavyweights, Maybank added 4.0 sen to RM10.40, while CIMB Group fell 4.0 sen to RM7.09 and Tenaga Nasional declined 10.0 sen to RM13.46.

Public Bank and IHH Healthcare eased 1.0 sen each to RM4.48 and RM6.90, respectively.

Among actives, Main Market debutant HI Mobility advanced 5.0 sen to RM1.27, InNature added 1.5 sen to 21 sen, while Minox International and Sapura Energy inched up half a sen each to 25 sen and 5 sen.

NEXG was flat at 25.5 sen.

On the index board, the FBM Emas Index dropped 39.41 points to 11,456.78, the FBMT 100 Index fell 42.14 points to 11,215.41, and the FBM Emas Shariah Index slipped 55.12 points to 11,193.03.

The FBM 70 Index lost 51.40 points to 16,421.43, while the FBM ACE Index declined 16.50 points to 4,740.89.

Sector-wise, the Financial Services Index eased 6.18 points to 18,665.56, the Industrial Products and Services Index trimmed 0.53 of-a-point to 154.45, and the Energy Index dipped 0.44 of-a-point to 758.99.

The Plantation Index, however, edged up 1.13 points to 7,442.44.

12/03/2025

KUALA LUMPUR: Bursa Malaysia extended losses at Wednesday’s opening, tracking overnight declines on Wall Street and regional markets as global economic uncertainties dampened investor sentiment.

Wall Street saw further sell-offs, with the S&P 500 falling 42.49 points, or 0.76%, to 5,572.07, while the Dow lost 478.23 points, or 1.14%, to 41,433.48.

At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 20.53 points, or 1.35%, to 1,499.62 from Tuesday’s close of 1,520.15.

The benchmark index opened 15.44 points lower at 1,504.71.

On the broader market, decliners outnumbered advancers 241 to 124, with 240 counters unchanged, 1,784 untraded, and seven suspended.

Turnover stood at 191.19 million shares worth RM117.81 million.

Malacca Securities Sdn Bhd said Wall Street’s upside remains limited despite the reversal of an additional 25% tariff on steel and aluminium imports from Canada, as retaliatory measures by trading partners could weigh on economic activity.

“All eyes are on US inflation data due tonight. A negative 5% deviation from the 2.9% forecast would likely pressure sentiment,” it said in a note.

The brokerage expects investors to focus on fundamentally strong sectors, such as banking and real estate investment trusts (REITs), citing stable loan growth and healthy dividend payouts.

Meanwhile, the local bourse is expected to remain volatile amid ongoing trade tensions between the US and its trading partners.

“We have also noticed buying interest in significantly oversold stocks following recent selling pressure.

“Coupled with a rebound in selected US technology stocks, there could be opportunities in the local technology sector, at least for the rest of the week,” it added.

Among heavyweights, Maybank fell 10 sen to RM10.14, Public Bank declined eight sen to RM4.33, while CIMB gained three sen to RM7.29. CelcomDigi and MISC were flat at RM3.56 and RM6.95, respectively.

In active stocks, Sapura Energy and Nationgate rose one sen each to 4.5 sen and RM1.16, while Mestron edged up half-a-sen to 27 sen. NEXG slipped half-a-sen to 26.5 sen, while Elridge and KNM were unchanged at 47.5 sen and 4.5 sen, respectively.

On the index board, the FBM Emas Index shed 118.87 points to 11,149.02, the FBMT 100 Index lost 122.22 points to 10,936.65, and the FBM Emas Shariah Index fell 54.89 points to 10,819.12. The FBM 70 Index declined 66.34 points to 15,779.05, while the FBM ACE Index eased 9.60 points to 4,430.53.

By sector, the Industrial Products and Services Index edged down 0.52 of a point to 150.38, the Energy Index lost 7.65 points to 687.46, the Financial Services Index dropped 375.18 points to 18,394.10, and the Plantation Index slipped 42.65 points to 7,298.58.

24/02/2025

KUALA LUMPUR: The ringgit strengthened against the US dollar in early trade after reaching a nearly three-week high last Friday, buoyed by softer-than-expected US economic data released last week.
At 8am, the ringgit strengthened to 4.4140/4225 from 4.4165/4200 at Friday’s close.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said the local currency is expected to maintain its positive trend today after the US dollar-ringgit broke through its previous support level of RM4.43 last week.
He also said that Malaysia’s core inflation rate released last week saw an uptick to 1.8% during January from 1.6%, led by higher food inflation and a gradual increase in the transport sub-index.
“We believe it’s inflation expectation as the country awaits policy adjustment in fuel subsidies in the middle of this year.
“As such, the Bank Negara Malaysia is likely to keep the Overnight Policy Rate (OPR) steady at 3% throughout the year to strike the right balance between keeping the inflation risk at bay and supporting the growth, especially investment,” he told Bernama.
He added that with concerns over the inflation risk in the background, the ringgit could hover around RM4.40 to RM4.41 against the greenback.
Meanwhile, the ringgit was traded mostly higher against major currencies.
The ringgit gained against the British pound to 5.5828/5936 from 5.5851/5895 and inched up against the euro to 4.6232/6321 from 4.6236/6273 from last week’s close, but it slipped against the Japanese yen to 2.9547/9606 from 2.9346/9371 previously.
The ringgit weakened against most Asean currencies.
It depreciated against the Singapore dollar to 3.3039/3108 from 3.3021/3049 and fell against the Thai baht to 13.1447/1818 from 13.1354/1528.
The local note was marginally higher against the Indonesian rupiah at 270.5/271.2 from 270.7/271.0 and flat against the Philippine peso at 7.62/7.63 from last Friday’s closing of 7.62/7.63.

15/02/2025

KUALA LUMPUR: The ringgit is expected to trade cautiously against the US dollar next week ahead of the release of the Federal Open Market Committee (FOMC) meeting minutes on February 20.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said traders and market participants would assess the US Federal Reserve’s (Fed) stance on easing monetary policy this year.

“We opined that the Fed is not in a hurry to reduce the Fed Fund Rate (FFR) in the near future.

“This is because the prevailing FFR is still restrictive, and the Fed would like to see the inflation trajectory steer towards its two per cent target, especially after US inflation data came in higher than expected.”

US headline inflation and the core consumer price index rose 3.0 per cent and 3.3 per cent, respectively, in January.

Mohd Afzanizam said the local note could test the immediate support level of RM4.43 next week.

For the week just ended, the ringgit fluctuated between gains and losses on concerns over policy uncertainties under US President Donald Trump.

However, it rebounded from oversold levels and ended the week higher, supported by Malaysia’s strong 2024 gross domestic product performance.

On a Friday-to-Friday basis, the ringgit appreciated to 4.4310/4385 from 4.4375/4420 the previous week.

Meanwhile, the local currency was mostly lower against major currencies.

It weakened against the British pound to 5.5769/5863 from 5.5278/5334 and slipped against the euro to 4.6437/6515 from 4.6101/6148. However, it strengthened against the Japanese yen to 2.9048/9099 from 2.9217/9249.

The ringgit also fell against most ASEAN currencies.

It declined against the Indonesian rupiah to 272.6/273.2 from 272.4/272.9 and weakened against the Singapore dollar to 3.3055/3113 from 3.2866/2901. It also edged down against the Philippine peso to 7.66/7.68 from 7.65/7.66.

However, the local note rose against the Thai baht to 13.1761/2059 from 13.1853/2041.

14/01/2025

KUALA LUMPUR: Malaysian construction firm Gamuda Bhd, whose stock price more than doubled last year, said its unit won an RM8.3 billion (US$1.8 billion) design and build contract for a railway project in Penang state.

The contract for the Penang LRT Mutiara Line project that Gamuda’s 60%-owned subsidiary, SRS Consortium Sdn Bhd, secured includes the design, construction and completion of an elevated viaduct, stations and a depot, Gamuda said in a filing yesterday.

Gamuda’s share price reached a record high last week after gaining 107% in 2024, as Malaysia boasts a robust project pipeline amid a data centre boom.

Most analysts are calling the stock a buy.

Gamuda set an order book target of RM40 billion to RM45 billion by end-2025, after being on track to exceed RM30 billion last year.

Following the contract win, Kenanga Investment Bank Bhd analyst Teh Kian Yeong raised Gamuda’s target price and said that SRS is likely to bid for another two ongoing tenders related to the same project.

The LRT Mutiara Line project is expected to cost RM13 billion.

Gamuda’s shares rose as much as 5.9% at the open today, before paring most of its gains.

The company was added to the FTSE Bursa Malaysia KLCI gauge in December.

The firm is already set to be a key beneficiary of Malaysia’s ambitions to become a major data centre powerhouse.

The firm purchased about 389 acres of land in Bandar Springill, within the so-called Malaysia Vision Valley, for its high technology digital infrastructure development.

Gamuda has also been making forays into Taiwan and Australia.

The firm said yesterday that risk factors for the Penang railway project include navigating a tight labour market and managing complex interfaces with other package contractors involved in the project.

The project is scheduled for completion within six years from the notice to proceed.

15/12/2024

KUALA LUMPUR: TMK Chemical Bhd is doubling down on its core business with strategic acquisition plans and the construction of a new plant to meet growing market demand.

Non-independent executive director and deputy chairman Leong Chao Seong revealed that the company is in the early stages of evaluating acquisition targets closely aligned with its existing operations.

“We are not looking to diversify but rather to integrate further within our industry,” he said at a press conference following TMK’s listing on Bursa Malaysia’s Main Market today.

While specifics of the acquisition targets remain under wraps, it has been confirmed that the company’s focus is on bolstering its existing strengths rather than entering new markets.

In addition to the potential acquisition, Leong said, the company is progressing with the construction of a plant slated for completion by 2026.

“Once operational, the new plant will double the current production capacity to 352,254 tonnes of chlor-alkali derivatives, which has already reached the rate disclosed in the prospectus. The plant expansion reflects our commitment to meeting growing market demand and maintaining our competitive edge.”

Leong said the company remains bullish on its growth prospects, citing Malaysia’s robust economic recovery and increased foreign direct investment (FDI) as key drivers. “We see a strong manufacturing rebound over the next two years, supported by new factory developments and industrial activity,” he added.

While remaining optimistic, Leong said, the company acknowledges challenges, particularly in scaling operations beyond its existing markets in Malaysia, Singapore and Vietnam. “Expansion into Indonesia is on the radar, though it will proceed cautiously.”

Leong highlighted Malaysia’s strategic advantage amid global shifts such as the China-Plus-One strategy, noting strong demand for industrial land. “We are seeing real demand with industrial land prices climbing significantly. This reflects investor confidence in Malaysia as a manufacturing hub,” he said.

TMK Chemical shares made a commendable debut on Bursa Malaysia, opening at RM1.97, a 12.6% premium over the initial public offering (IPO) price of RM1.75. The opening price valued the chemical trading and storage company at RM2 billion. The shares closed at RM1.92 on volume of 47.49 million units.

The IPO attracted significant interest, with the public portion oversubscribed by over 14 times. Institutional investors also fully subscribed to the offering, underscoring confidence in the company’s growth potential. The IPO raised RM385 million in fresh capital.

11/11/2024

KUALA LUMPUR: The construction sector sustains its momentum with positive growth of 22.9 per cent, reaching RM41.1 billion in the third quarter of 2024 (3Q 2024) compared to a 20.2 per cent increase, amounting to RM38.9 billion in the 2Q 2024.
The Department of Statistics Malaysia (DOSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth momentum was primarily driven by a 42.6 per cent expansion in the special trade activities subsector, which continues to demonstrate accelerated growth.
"Additionally, the residential buildings and non-residential buildings sub-sectors gained momentum by expanding 27.8 per cent and 27.7 per cent, respectively.
"Meanwhile, the civil engineering sub-sector also expanded at a more moderate pace, still contributed positively with a 12.0 per cent growth rate,” he said in a statement on the latest quarterly construction statistics today.
Mohd Uzir said that of the RM41.1 billion in work done value recorded in 3Q 2024, RM15.2 billion, or 36.9 per cent, was attributed to the civil engineering subsector, primarily in the construction of roads and railways (RM6.8 billion) and utility projects (RM6.2 billion).
"Meanwhile, the value of work done for non-residential buildings and residential buildings was RM11.8 billion (28.6 per cent) and RM9.4 billion (22.8 per cent), respectively.
"The special trade activities made up to RM4.8 billion (11.6 per cent), largely in sites preparation (RM1.3 billion), electrical installation (RM1.2 billion), and plumbing, heat and air-conditioning installation (RM1.0 billion) activities,” he added.
Elaborating the performance of the construction sector by state in 3Q 2024, Mohd Uzir said that nearly 61.4 per cent of the work done value was concentrated in Selangor, Johor, Wilayah Persekutuan (Kuala Lumpur, Putrajaya and Labuan) and Sarawak.
He said the value of construction work done value in Selangor amounted to RM9.3 billion, or 22.7 per cent, Johor (RM6.9 billion, or 16.9 per cent), Wilayah Persekutuan (RM4.6 billion, or 11.3 per cent), and Sarawak (RM4.3 billion, or 10.5 per cent).
"Summarising the performance of construction work done for the first three quarters of 2024, the sector registered a total value of RM116.8 billion, reflecting a 19.1 per cent increase compared to the same period in 2023 (1Q-3Q 2023: 9.0 per cent).
"The positive growth was largely driven by a strong contribution from civil engineering activities, which expanded by 20.3 per cent,” he added.

TA Global

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