BIMB SECURITIES

📱 BIMB SECURITIES RESEARCH: WEEKLY MARKET UPDATE 📱 Theme of the Week: "Locals Hold the Line" — Domestic Institutions Anchor Market to New Recovery Highs 📉 MARKET PERFORMANCE OVERVIEW FBMKLCI: Rose +0.6% WoW to close at 1,735.8 (reaching a new recovery high and expanding YTD gains to +3.3%). Foreign Funds: Recorded heavy net outflows of -RM437mn (led by a large sell-down in Maybank at -RM227mn). However, selective buying continued in ports, construction, and banks like Westports, Public Bank, and CIMB. Local Institutions: Acted as the core market pillar, absorbing foreign selling with +RM451mn in net buying. Local Retail: Remained largely sidelined at -RM14mn. Sectors: Construction led performance (+3.7% WoW) on major data-centre wins, closely followed by Tech, Plantation, and Utilities (+2.7% WoW each). REITs lagged (-2.2% WoW) as capital rotated out of defensives. 📊 COMMODITIES & FOREX SNAPSHOT Ringgit (USDMYR): Held steady at 4.09 (+0.1% WoW) as the Dollar Index (DXY) slipped -0.4% to 99.54. Brent Crude: Plunged -7.3% WoW to USD83.55/bbl as geopolitical tensions in the Strait of Hormuz cooled down. CPO: Flat at RM4,527/MT (-0.1% WoW). Gold: Surged +7.3% WoW to USD4,341.56/Tr Oz on lower global yields and a softer US dollar. 🎯 STRATEGY & MARKET OUTLOOK Cooling oil prices and a steady Ringgit ease imported inflation worries. With the August corporate earnings season kicking off, strong local institutional liquidity continues to anchor the market. We recommend aligning with domestic institutional support by focusing on quality large-cap banks, port operators, and data-centre construction plays that retain foreign accumulation. Key catalysts to watch: August corporate earnings releases, US CPI inflation prints, and further data-centre contract awards. 🔥 TOP WATCHLIST FOR THE WEEK ⚓️ Westports (HOLD; TP: RM5.70) Our View: Top foreign net buy (+RM77.3mn); resilient port operator offering solid earnings and steady trade volumes. 🏦 Public Bank (Non-Rated; Price: RM5.80) Our View: Second-largest foreign buy (+RM43.5mn); high-quality banking defensive anchor to ride market volatility. 🏗 Gamuda (BUY; TP: RM5.61) Our View: Foreign inflow beneficiary that spearheaded the construction sector rally following its latest major data-centre win. 🏥 IHH Healthcare (BUY; TP: RM10.16) Our View: Defensive healthcare leader benefiting from the structural acceleration in high-margin medical tourism. 🏢 Sunway Construction (BUY; TP: RM8.28) Our View: Premier infrastructure builder perfectly positioned for ongoing data-centre construction awards. 📊 Preferred Pick Outside Coverage: ⚡️ CBH Engineering (Non-Rated) - M&E engineering specialist serving as a direct pure-play on expanding data-centre power demand. Prepared for investor reference only. Please do your own assessment and risk mitigation or consult with your licensed dealer representative before making investment decisions. Source: Condensed from BIMB Securities Research Strategy Report (10 August 2026).