M+ On-The-Go

M+ Market Buzz - 17Aug26 Dow Jones: 53,732.41 pts (-107.58pts, -0.20%) ⬆️ Resistance: 55400 ⬇️ Support: 52600 FBM KLCI: 1,727.39 pts (-7.32pts, -0.42%) ⬆️ Resistance: 1780 ⬇️ Support: 1700 HSI Index: 25,116.85 pts (-279.66pts, -1.10%) ⬆️ Resistance: 26600 ⬇️ Support: 24600 Crude Palm Oil: RM4,807 (+RM2, +0.04%) ⬆️ Resistance: 4870 ⬇️ Support: 4580 Brent Oil: $88.52 (-$0.07, -0.08%) ⬆️ Resistance: 91.90 ⬇️ Support: 81.70 Gold: $4,376.40 (+$16.68, +0.38%) ⬆️ Resistance: 4540 ⬇️ Support: 4230 Source: Bloomberg, M+Global

M+ Global Market Update – 17Aug26 Upside Capped as Geopolitical Friction Persists US: As investors digest mixed economic data from the past week, Wall Street is expected to kickstart the week on a more neutral note, with buying interest re-emerging in domestic aerospace and defence companies following Trump’s imposition of 100% tariffs on foreign defence drones, benefiting companies such as Lockheed Martin (LMT) and Kratos Defense (KTOS). We also like Analog Devices (ADI) as the company benefits from high demand for high-performance analog chips tailored for next-gen AI server racks and DC rollouts. Lastly, buying interest might return to Netflix (NFLX) after billionaire investor Bill Ackman disclosed a major new equity position in it, which provides high-profile institutional validation. MY: Tracking the negative overnight performance on Wall Street, we expect the local bourse to kickstart the week on a weaker note. Meanwhile, we continue to favour IAB, underpinned by (i) accelerating water infrastructure rollouts in Sarawak, (ii) national non-revenue water reduction programmes, and (iii) IAB’s expanding high-margin intelligent asset management solutions. Besides, we also like both CORAZA and IOIPROP, with the former benefiting from soaring global demand for wafer fabrication equipment, while the latter remains favoured as owning 10 IOIPROP shares entitles investors to buy one IOI REIT unit via its upcoming restricted offer. Stocks to watch: Technology: *3REN*, AMS, *MCLEAN*, SAM, *UCHITEC*, VSTECS Utility: *BMGREEN*, *IAB* Construction: *ISF*, WESTRVR Plantation: WTK Consumer: MFLOUR **Source: M+ Global**

M+ Global Market Wrap - 14Aug26 FBM KLCI: 1,727.39 pts (-7.32pts, -0.42%) Amid fluctuating global oil prices and ongoing uncertainty surrounding the reopening of the Strait of Hormuz, the local bourse traded on a cautious note today. Market breadth remained negative with 619 losers outpacing 538 gainers. The FBM KLCI was dragged down by SDG (-15.0 sen) and PMETAL (-28.0 sen). Sector wise, Utilities (+2.21%) outperformed, led by YTL (+6.0 sen) and RANHILL (+30.0 sen), while Industrial Products (-1.19%) lagged the most. Top 3 Active stocks: JAKS (4723): RM0.105 (+1.5 sen) KEYASIC (0143): RM0.075 (-0.5 sen) HHRG (0175): RM0.135 (-2.0 sen) Top 3 Gainer stocks: HLIND (3301): RM18.00 (+32.0 sen) RANHILL (5272): RM2.66 (+30.0 sen) CHB (0291): RM2.11 (+19.0 sen) Top 3 Loser stocks: NESTLE (4707): RM102.70 (-80.0 sen) UTDPLT (2089): RM32.88 (-42.0 sen) MPI (3867): RM47.50 (-34.0 sen) Volume: 3.51 bn (100-bar avg vol: 3.38 bn) Value: RM2.60 bn (100-bar avg val: RM3.12 bn) Market Breadth: ⬆️538 ⬇️619 Crude Palm Oil: RM4,724 (-RM1, -0.02%) Dow Futures: 53,873 pts (-62 pts) **Source: M+ Global, Bloomberg **

Good Morning All, We issued a company update report on our coverage stock CAB Cakaran Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com) CAB Cakaran Corporation Berhad (CAB) announced that its indirect wholly-owned subsidiary, CAB Cakaran (Timur) Sdn Bhd (CABT), has entered into three 21-year Lease Agreements with Kerajaan Negeri Terengganu to lease 414.63 hectares (~1,024.5 acres) of agricultural land for a modern poultry farming project. The project carries an estimated total investment cost of RM105.0m to be developed in two phases, featuring 100 closed-house chicken coops with an aggregate rearing capacity of 2.0m chickens (Phase 1: 50 coops / 1.0m capacity over 2 years development at RM52.5m; Phase 2: 50 coops / 1.0m capacity over 2 years development post-Phase 1 at RM52.5m). Total annual lease charges stand at a nominal RM62.2k, with the first two years (RM124.4k) paid upfront. Development work is required to begin within 3 months. The lease will not affect share capital and is not expected to have a material impact on earnings for FY26. We maintain our Buy recommendation for CAB with an unchanged TP of RM0.89. The target price is derived based on a P/E ratio of 5.5x pegged to FY26f EPS of 16.23 sen. Research Team, M+ Global 14 Aug 2026

M+ Global Market Update – 14Aug26 Easing Rate Concerns Set to Fuel Bursa Recovery US: Wall Street is expected to maintain its positive momentum following lower-than-expected PPI and CPI figures, which have eased rate-hike fears. Meanwhile, we favour Heartflow (HTFL) after it delivered a strong Q2 earnings beat and upgraded its full-year 2026 guidance, confirming the accelerating adoption of its AI cardiac diagnostics platform. In the defence sector, Northrop Grumman (NOC) remains in focus after securing a $158.8 million U.S. Department of War contract modification, with the stock currently poised for a technical breakout above its 200-day SMA. Lastly, broader tech leaders continue to draw support from relentless AI infrastructure spending. MY: Closer to home, the local bourse is expected to trade on a firmer footing and attempt a rebound, tracking overnight gains on Wall Street alongside improving global risk sentiment. Sectoral buying interest is set to reignite across technology heavyweights INARI, FRONTKN, and NATGATE, supported by accelerating global AI capital expenditure and a steady semiconductor recovery. Besides, momentum is expected to spill over to CORAZA, underpinned by rising demand for precision engineering and sheet metal fabrication in the semiconductor equipment space, as well as an improving technical setup following recent accumulation. Stocks to watch: Technology: *CNERGEN*, EDELTEQ, *LGMS*, *OGX*, OXB, *UCHITEC*, *VSTECS* Plastic: *TGUAN* Financial: *CIMB* Plantation: WTK **Source: M+ Global**

M+ Market Buzz - 14Aug26 Dow Jones: 53,839.99 pts (+69.72pts, +0.13%) ⬆️ Resistance: 55400 ⬇️ Support: 52600 FBM KLCI: 1,734.71 pts (-6.90pts, -0.40%) ⬆️ Resistance: 1780 ⬇️ Support: 1700 HSI Index: 25,396.51 pts (-43.66pts, -0.17%) ⬆️ Resistance: 26600 ⬇️ Support: 24800 Crude Palm Oil: RM4,724 (+RM1, +0.02%) ⬆️ Resistance: 4870 ⬇️ Support: 4560 Brent Oil: $87.07 (-$1.91, -2.15%) ⬆️ Resistance: 91.90 ⬇️ Support: 79.90 Gold: $4,350.39 (+$1.85, +0.04%) ⬆️ Resistance: 4540 ⬇️ Support: 4150 Source: Bloomberg, M+Global

Good Evening All, We issued a technical buy call on Deere & Company (DE): Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com) Trading catalysts include: (i) Precision Agriculture monetization via MY2026 rollout (ii) Tariffs resilience through USD20bn manufacturing pledge (iii) Decent 2QFY26 results Research Team, M+ Global 13 Aug 2026

M+ Global Market Wrap - 13Aug26 FBM KLCI: 1,734.71 pts (-6.90pts, -0.40%) The local bourse closed lower today as sentiment turned weaker as crude oil picked up amid rising uncertainty in the Strait of Hormuz, dampening the global risk appetite. Market breadth was negative with 703 losers outpacing 410 gainers, as the index was dragged down by YTLPOWR (-9.0 sen) and PCHEM (-10.0 sen). Sector wise, Reit (+0.43%) outperformed, led by SUNREIT (+4.0 sen) and PAVREIT (+2.0 sen), while Plantation (-1.00%) lagged the most. Top 3 Active stocks: KEYASIC (0143): RM0.080 (+4.5 sen) SCBUILD (0109): RM0.005 (-0.5 sen) HHRG (0175): RM0.155 (UNCH) Top 3 Gainer stocks: NESTLE (4707): RM103.50 (+60.0 sen) MPI (3867): RM47.84 (+34.0 sen) UMSINT (5340): RM8.45 (+30.0 sen) Top 3 Loser stocks: HLBANK (5819): RM22.34 (-36.0 sen) F&N (3689): RM26.58 (-32.0 sen) UTDPLT (2089): RM33.30 (-30.0 sen) Volume: 3.52 bn (100-bar avg vol: 3.38 bn) Value: RM3.05 bn (100-bar avg val: RM3.12 bn) Market Breadth: ⬆️410 ⬇️703 Crude Palm Oil: RM4,697 (+RM18, +0.38%) Dow Futures: 53,998 pts (+127 pts) **Source: M+ Global, Bloomberg **

Good Morning All, We issued a company update report on our coverage stock EITA Resources Berhad: Your Trusted Guide to Global Trading | Malacca Securities (mplusonline.com) EITA Resources Berhad announced that its wholly-owned subsidiary, EITA Elevator (Malaysia) Sdn Bhd, has accepted a Letter of Award worth RM62.3m from Prasarana Malaysia Berhad. The contract entails the proposed upgrading of lifts and escalators at Light Rail Transit (LRT) stations along the Kelana Jaya Line (from Gombak to Kelana Jaya, including the Subang Depot). The project duration is 48 months from the commencement date specified in the Notice to Proceed. The award will not affect the group's share capital or shareholding structure and is not expected to have a material impact on earnings for FY26. Downgraded to HOLD with a same TP of RM0.60. As the share price has already rallied ahead of this announcement, we downgraded our call from Buy to Hold on EITA with an unchanged target price of RM0.60. The target price is derived based on a P/E ratio of 11.0x pegged to our FY27f EPS of 5.43 sen. Research Team, M+ Global 13 Aug 2026

M+ Global Market Update – 13Aug26 Markets Ended Higher Following A Soft CPI Print US: Following a cooling 3.4% CPI print, which saw market fears of a rate hike subside, Wall Street is expected to maintain its positive momentum in the near term. Meanwhile, we like Super Micro Computer (SMCI) as it delivered a blowout quarterly profit that beat consensus estimates, accompanied by upgraded forward guidance that confirms its strong pricing power and relentless demand for liquid-cooled AI server racks. Lastly, we continue to favour Fortinet (FTNT) due to (i) its strong double-digit revenue and billings growth driven by AI and data centre (DC) demand, and (ii) its unified Secure Access Service Edge (SASE) and next-gen firewall platform strategy capturing large enterprise upgrades. MY: Tracking the positive overnight performance on Wall Street, we expect the local bourse to extend its bullish momentum today. Meanwhile, while buying interest was seen in water-related stocks such as RANHILL and ISF, we also favour IAB, underpinned by (i) the accelerating water infrastructure rollouts in Sarawak, (ii) national non-revenue water (NRW) reduction programmes, and (iii) IAB’s expanding high-margin intelligent asset management solutions. Lastly, we continue to favour both SAM and MCLEAN, with the former acting as Applied Materials’ proxy, while the latter benefits from strong precision cleaning and surface treatment demand. Stocks to watch: Technology: *3REN*, AEMULUS, *MI*, *OXB*, SNS, *VSTECS* Utility: *BMGREEN*, PEKAT Construction: *ISF* Plantation: WTK **Source: M+ Global**

M+ Market Buzz - 13Aug26 Dow Jones: 53,770.27 pts (-21.58pts, -0.04%) ⬆️ Resistance: 55600 ⬇️ Support: 52700 FBM KLCI: 1,741.61 pts (+10.15pts, +0.59%) ⬆️ Resistance: 1790 ⬇️ Support: 1700 HSI Index: 25,440.17 pts (-212.65pts, -0.83%) ⬆️ Resistance: 26600 ⬇️ Support: 24900 Crude Palm Oil: RM4,697 (+RM9, +0.19%) ⬆️ Resistance: 4870 ⬇️ Support: 4560 Brent Oil: $88.98 (+$0.07, +0.08%) ⬆️ Resistance: 91.90 ⬇️ Support: 77.40 Gold: $4,408.29 (-$5.83, -0.17%) ⬆️ Resistance: 4530 ⬇️ Support: 4140 Source: Bloomberg, M+Global

M+ Global Market Wrap - 12Aug26 FBM KLCI: 1,741.61 pts (+10.15pts, +0.59%) The local bourse climbed today, supported by encouraging domestic economic data, with June wholesale and retail trade sales rising 10.1% YoY to RM168.5bn. PCHEM (+21.0 sen) and TENAGA (+24.0 sen) supported the FBMKLCI index, and the market breadth finished positive with 661 gainers outpacing 512 losers. Sector wise, Utilities (+1.65%) outperformed, led by TENAGA (+24.0 sen) and YTLPOWR (+16.0 sen), while REIT (-0.40%) lagged the most. Top 3 Active stocks: DNEX (4456): RM0.530 (+3.5 sen) NEXGRAM (0096): RM0.060 (+0.5 sen) ZETRIX (0138): RM0.740 (+2.5 sen) Top 3 Gainer stocks: UTDPLT (2089): RM33.60 (+40.0 sen) NESTLE (4707): RM102.90 (+30.0 sen) UMSINT (5340): RM8.15 (+28.0 sen) Top 3 Loser stocks: MPI (3867): RM47.50 (-60.0 sen) HLIND (3301): RM17.64 (-34.0 sen) IDEAL (9687): RM3.50 (-17.0 sen) Volume: 3.70 bn (100-bar avg vol: 3.37 bn) Value: RM3.27 bn (100-bar avg val: RM3.11 bn) Market Breadth: ⬆️661 ⬇️512 Crude Palm Oil: RM4,748 (-RM55, -1.16%) Dow Futures: 53,893 pts (+13 pts) **Source: M+ Global, Bloomberg **

M+ Global Market Update – 12Aug26 Green Energy Catalysts To Fuel Rebound On Bursa US: Wall Street is expected to open mixed amid cautious sentiment ahead of Wednesday's US CPI inflation report and persistent US–Iran geopolitical tensions. However, we expect market participants may shrug off concerns over the inflation print, focusing instead on sustained AI infrastructure demand, highlighted by recent momentum around CoreWeave, which continues to provide underlying support for growth tech leaders. Consequently, institutional capital will likely remain split between growth positions and defensive hedges, as portfolios rotate from recent winners towards improved risk/reward opportunities. MY: Closer to home, the FBM KLCI is projected to trade on a stronger footing and is likely to rebound, bolstered by positive policy catalysts, including the government's award of 331MW in green energy projects under the Feed-in Tariff programme, worth over RM4bn. Besides, we expect momentum to be seen in ISF following its recent technical breakout, supported by its business exposure to industrial and data centre utility projects. Lastly, FOODIE remains in focus after breaking out of its downtrend line while holding steady above its 100-day SMA, signalling renewed buying interest. Stocks to watch: Technology: *ATECH*, *MCLEAN*, MI Consumer: 99SMART, *FOODIE* Glove: *HARTA* Plantation: *WTK* Utility: *ISF* Shipping: MTTSL **Source: M+ Global**

M+ Market Buzz - 12Aug26 Dow Jones: 53,791.85 pts (-184.13pts, -0.34%) ⬆️ Resistance: 55900 ⬇️ Support: 52700 FBM KLCI: 1,731.46 pts (-3.91pts, -0.23%) ⬆️ Resistance: 1790 ⬇️ Support: 1700 HSI Index: 25,652.82 pts (-284.67pts, -1.10%) ⬆️ Resistance: 26600 ⬇️ Support: 24900 Crude Palm Oil: RM4,748 (-RM31, -0.65%) ⬆️ Resistance: 4870 ⬇️ Support: 4560 Brent Oil: $88.91 (+$1.19, +1.36%) ⬆️ Resistance: 91.90 ⬇️ Support: 76.60 Gold: $4,370.11 (-$1.70, -0.11%) ⬆️ Resistance: 4530 ⬇️ Support: 3990 Source: Bloomberg, M+Global

Good Afternoon All, After attending Ramssol Group Berhad’s Q2 FY2026 results briefing, here is our quick take for investors: 🏢 Business Subsidiaries 📌 RAMS PeopleTech: Core business providing Human Capital Management (HCM) digital software solutions, consulting, and HR tech implementations. 📌 RAMS A.I. Tech: High-growth unit focused on scalable enterprise AI solutions, AI Cloud, smart city technologies, and AI Place & Train talent programs. 📌 RAMS MarTech: Digital marketing technology segment connecting brands with target audiences through precision marketing and media campaigns. 📌 RAMS AutoTech: Automotive technology arm running two-wheeler portals ("Jom Cari Motor"), EV bike deployment (Rider Gate), and JPJ system integrations. 📌 RAMS FinTech: Financial technology unit driving "Pay Day Now", an Earned Wage Access (EWA) platform allowing employees early access to a portion of earned salary. 📈 Investment Highlights 📌 Strong Q2 execution with solid double-digit earnings growth, as PATAMI expanded 30.1% YoY to RM7.44m (vs. RM5.72m in Q2 FY2025) on the back of a 9.4% top-line increase to RM27.28m, mainly driven by PeopleTech and A.I. Tech. 📌 PeopleTech segment anchors regional footprint, contributing 44% of revenue and 61% of PATAMI in Q2. Some of the implementations of Consulting and HCM include a shared service centre in Thailand and Touch 'n Go (MY/China) 📌 A.I. Tech surging as the group’s high-growth driver, delivering >87% YoY profit growth and securing key regional expansion via its 51%-owned Thai arm, Geekstart, which bagged the new AI Place & Train Program. 📌 Substantial order book visibility and deep tender pipeline, sitting on an active order book of RM226.49m (55.8% recurring) alongside a massive RM928.98m tender book heavily weighted toward A.I. Tech (62.6%) and PeopleTech (33.6%). 📌 Significant cash flow surge and strong balance sheet, with 1H 2026 operating cash flow jumping 11.5x YoY to RM53.87m (from RM4.68m in 1H 2025). Net cash position stands fortified with RM65.64m in cash balances and only RM9.70m in total borrowings after strategically paying down RM30.58m in short-term debt. 📌 Unlocking new monetisation avenues with FinTech and structural tax advantages, as its Earned Wage Access platform "Pay Day Now" prepares for better top-line contributions from Q3/Q4 FY2026 onwards. The group also expects its effective tax rate to stay low at 14%–16% over the next 3–5 years due to AI-related capital allowances. 💡 M+ Global View 📌 We view Ramssol’s strategic evolution into high-margin A.I. Solutions and FinTech as a key growth catalyst, moving well beyond traditional HR consulting. Its ongoing RM226.49m order book provides strong earnings stability while also powering regional scaling across Southeast Asia. 📌 The rollout of Pay Day Now, supported by tier-1 distribution partners like AmBank and CTOS, paves the way for scalable, recurring transaction revenue as employee onboarding ramps up. 📌 In short, key near-term catalysts for Ramssol include: (i) sustained order book conversion across regional HCM and AI projects , (ii) revenue scaling from the Pay Day Now EWA ecosystem and (iii) tax efficiency via AI capital allowances keeping effective tax rates at a lean 14%–16%. M+ Global Research Team 11Aug26

M+ Global Market Wrap - 11Aug26 FBM KLCI: 1,731.46 pts (-3.91pts, -0.23%) The local bourse traded cautiously today as fading hopes of a U.S.-Iran agreement to reopen the Strait of Hormuz weakened risk appetite. Market breadth was negative, with 581 losers outpacing 562 gainers, while declines in RHBBANK (-15.0 sen) and MAYBANK (-10.0 sen) weighed on the benchmark index. Sector-wise, Health Care (+1.23%) outperformed, led by TOPGLOV (+3.0 sen) and KOSSAN (+6.0 sen), whereas Plantation (-0.38%) was the worst-performing sector. Top 3 Active stocks: HAWK (0320): RM0.115 (-1.5 sen) ZETRIX (0138): RM0.715 (+1.0 sen) HHRG (0175): RM0.150 (UNCH) Top 3 Gainer stocks: NESTLE (4707): RM102.60 (+300.0 sen) HLBANK (5819): RM22.74 (+42.0 sen) SAM (9822): RM4.58 (+25.0 sen) Top 3 Loser stocks: UTDPLT (2089): RM33.20 (-68.0 sen) BKAWAN (1899): RM20.88 (-52.0 sen) PETDAG (5681): RM19.00 (-34.0 sen) Volume: 3.44 bn (100-bar avg vol: 3.36 bn) Value: RM2.94 bn (100-bar avg val: RM3.12 bn) Market Breadth: ⬆️562 ⬇️581 Crude Palm Oil: RM4,723 (+RM36, +0.76%) Dow Futures: 54,000 pts (-63 pts) **Source: M+ Global, Bloomberg **

M+ Global Market Update – 11Aug26 US CPI in Focus and KLCI Poised for a Rebound US: Following a slightly weaker close, Wall Street is expected to open mixed as investors turn cautious ahead of Wednesday’s US CPI report, which will be closely watched for rate signals after softer labour-market data. Ongoing US-Iran tensions continue to cap broader gains, keeping institutional flows split between selective growth exposure and defensive hedges. Berkshire Hathaway’s added investment in Alphabet also offers a high-profile vote of confidence in the longer-term AI and cloud-computing theme. MY: Over in Malaysia, the FBM KLCI is expected to trade on a firmer footing and attempt a rebound, supported by structural catalysts and steady contract flows. Buying interest may reignite in technology heavyweights such as INARI and FRONTKN, as sustained global AI capital expenditure continues to underpin demand for backend semiconductor services and precision cleaning. Stock-specific momentum may focus on MNHLDG ahead of its Main Market transfer, following recent Securities Commission approval and a fresh RM122.3m TNB underground cable contract win, while ITMAX remains in focus after securing a RM134.3m MCMC contract for the Kota Kinabalu Smart City project, further expanding its digital-infrastructure footprint. Stocks to watch: Technology: *CNERGEN*, DNEX, *EDELTEQ*, SNS, *VS*, *VSTECS* Plantation: *WTK* Industrial Products: *HENGYUAN* Consumer: MFLOUR Utility: PEKAT **Source: M+ Global**

M+ Market Buzz - 11Aug26 Dow Jones: 53,975.98 pts (-60.95pts, -0.11%) ⬆️ Resistance: 55900 ⬇️ Support: 52600 FBM KLCI: 1,735.37 pts (-0.38pts, -0.02%) ⬆️ Resistance: 1790 ⬇️ Support: 1690 HSI Index: 25,937.49 pts (+269.46pts, +1.05%) ⬆️ Resistance: 26800 ⬇️ Support: 24900 Crude Palm Oil: RM4,723 (+RM15, +0.32%) ⬆️ Resistance: 4830 ⬇️ Support: 4530 Brent Oil: $87.72 (+$4.17, +4.99%) ⬆️ Resistance: 89.70 ⬇️ Support: 76.60 Gold: $4,390.95 (+$8.10, +0.18%) ⬆️ Resistance: 4490 ⬇️ Support: 3960 Source: Bloomberg, M+Global

M+ Global Market Wrap - 10Aug26 FBM KLCI: 1,735.37 pts (-0.38pts, -0.02%) The local bourse closed marginally lower today as unresolved tensions in the Strait of Hormuz and investor caution ahead of key US inflation data dampened sentiment. Heavyweights KLK (-106.0 sen) and PCHEM (-10.0 sen) dragged the index down, even as market breadth stayed positive with 707 gainers against 447 losers. Sector wise, Technology (+2.52%) outperformed, led by INARI (+12.0 sen) and SKYECHIP (+23.0 sen), whereas Plantation (-0.22%) lagged the most. Top 3 Active stocks: DNEX (4456): RM0.500 (+3.0 sen) NATGATE (0270): RM1.54 (+11.0 sen) PHB (4464): RM0.005 (UNCH) Top 3 Gainer stocks: ALLIANZ (1163): RM22.20 (+68.0 sen) MPI (3867): RM47.98 (+72.0 sen) SKYECHIP (5357): RM3.25 (+23.0 sen) Top 3 Loser stocks: NESTLE (4707): RM99.60 (-180.0 sen) KLK (2445): RM21.84 (-106.0 sen) CARLSBG (2836): RM14.52 (-48.0 sen) Volume: 3.49 bn (100-bar avg vol: 3.35 bn) Value: RM2.56 bn (100-bar avg val: RM3.13 bn) Market Breadth: ⬆️707 ⬇️447 Crude Palm Oil: RM4,677 (+RM52, +1.11%) Dow Futures: 54,111 pts (-41 pts) **Source: M+ Global, Bloomberg **

M+ Global Market Update – 10Aug26 Mixed Sentiment as Middle East Uncertainty Persists US: Wall Street may trend higher in view of more dovish sentiment from the Fed following softer-than-expected jobs data. However, upside gains may remain capped in the near term, as renewed geopolitical friction, such as attacks on a Saudi refinery could weigh on equity markets. Nevertheless, dovish Fed expectations should benefit mega-cap tech leaders Microsoft (MSFT), NVIDIA (NVDA), and Amazon (AMZN). Additionally, institutional capital will likely seek balance through defensive hedges in ExxonMobil (XOM) and Lockheed Martin (LMT). MY: On the local front, the FBM KLCI is anticipated to trade on a positive note amid rising Brent crude prices, as funds shift their attention to domestic energy plays. Meanwhile, the rebound on Wall Street could lift the Technology sector further, with NATGATE viewed as a key beneficiary of the "China+1" supply chain realignment. Trading momentum will remain anchored in specific growth stories; we favour LACMED following a technical breakout, while KOPI has surged above its 100-day Simple Moving Average (SMA100), driven by its international expansion into Indonesia via a 40:60 joint venture with PT Era Boga Nusantara, complemented by an asset-light franchise entry into Mauritius with Coffee Time Ltd. Stocks to watch: Technology: D&O, *DNEX*, *ECA*, OPPSTAR Construction: *ICENTS*, *MNHLDG* Utility: SLVEST, *YTLPOWR* Media: *FOODIE* Healthcare: SUNMED Property: IOIPG **Source: M+ Global**