BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:
Berjaya Research
The FBM KLCI capped off the week on a buoyant note last Friday as the key index extended its winning streak to four consecutive days.
Consequently, it recorded a 1.5% week-on-week gain to close at a more than a two-month high.
Trading activities also picked up with volumes improving to 2.4 billion shares compared to 2.2 billion in the previous session, indicating stronger market participation.
Improving near-term market conditions could continue to encourage further gains ahead for the FBM KLCI.
Economic wise, investors will be keeping a close tab on Malaysia’s unemployment rate that is scheduled to be release later today.
With the unemployment rate hovering at 3.0% in May – the lowest reading since April 2015 – we expect the said data to be relatively unchanged.
Hence, the strong labour market may continue to anchor private consumption which has been the key driver to the Malaysia economic growth in recent quarters.
Technically, with the recent immediate resistance at 1,550 points taken out, the local bourse is poised to advance towards the next resistance located at 1,566 points, followed by 1,570 points.
Downside, meanwhile, the immediate support remains pegged at 1,533 points and thereafter at 1,525 points.
Malacca Securities Research
With Wall Street’s positive lead, we expect buying interest to spill over into the local bourse.
Moreover, we favour ITMAX System Bhd for its (i) steady stream of project wins in Johor; (ii) potential to replicate Johor’s success in Penang as well as (iii) strong recurring revenue base, typically spanning over five to 10 years.
Meanwhile, Inari Amerton Bhd and Frontken Corp Bhd remain in focus as we view these counters as key proxies to Apple’s additional US$100 bil manufacturing investment and the recent announcement of a 100% tariff on semiconductors.
For the utilities sector, we are bullish on (i) Tenaga Nasional Bhd’s capex roll-out extending until year-end; and (ii) the government’s strong push towards renewable energy initiatives such as National Energy Transition Roadmap (NETR), Corporate Renewable Energy Supply Scheme (CRESS) and large-scale solar projects (LSS).
This will warrant continued investor attention on counters like MN Holdings Bhd, UUE Corp Bhd, KJTS Group Bhd and Southern Cable Group Bhd.
The local bourse closed above all the MA (moving average) lines with technical indicators having turned positive at the current juncture; the MACD histogram has expanded above zero while the RSI is trading above 50.
Resistance is anticipated around 1,571-1,576 while support is located at 1,536-1,541. – Aug 11, 2025
