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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+ 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+ 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+ 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+ 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**

M+ Global Market Update – 07Aug26 Geopolitical Heat Fuels Risk-Off Mode US: Wall Street is set for extended profit-taking as crude oil prices surge following heightened geopolitical friction in the Strait of Hormuz. Reports of attacks on targets within the vital waterway, alongside a joint framework between Iran and Oman restricting US vessel passage until compensation is paid, have sparked fresh inflation and supply chain anxieties. With risk appetite muted across growth sectors, institutional capital is expected to rotate into energy heavyweights and defensive plays to hedge against macro volatility, leading us to monitor energy names such as ExxonMobil (XOM) and Chevron (CVX). MY: On the local front, the FBM KLCI is expected to trade on a mixed footing. Spiking crude oil prices driven by Middle East supply disruptions will continue to provide immediate trading catalysts across energy plays such as HIBISCS and DAYANG. However, strong fundamental catalysts should continue to support resilience in tech counters such as PENTA and EG. The former stands to gain from steady automated test equipment demand tied to AI infrastructure buildouts, while the latter remains well positioned to capture rerouted optical module orders through its ongoing "China+1" capacity expansions. Stocks to watch: Construction: *CBHB*, CHB, WCT Technology: *DNEX*, NOTION Utility: *ISF*, YTLPOWR Property: *UEMS* Plantation: WTK Renewable: *BMGREEN* **Source: M+ Global**

M+ Global Market Update – 06Aug26 Sentiment Mixed Amid Profit-Taking US: Following recent all-time-high rallies, we expect Wall Street to see further profit-taking in the near term before resuming its upward momentum. Meanwhile, supported by recent AI earnings outperformance driving a recovery in chip and AI-related counters, we like Marvell Technology (MRVL) as the Group benefits from strong custom AI ASIC demand and accelerating high-speed DC optical interconnect orders. Lastly, we continue to favour Logitech International S.A. (LOGI), as the Group anticipates higher margins moving forward following the launch of premium products such as the MX Master 4 mouse and the PRO X2 SUPERSTRIKE gaming mouse, both of which have rapidly become top-selling products. MY: With the US Federal Communications Commission (FCC) reportedly drafting restrictions on Chinese-made optical transceivers to protect core AI infrastructure, we expect this regulatory move to further accelerate the "China+1" supply chain shift towards Malaysian tech players, benefiting companies such as NATGATE and INARI. The former is expected to capture higher order volumes given its deep manufacturing relationship with US optical networking giant Coherent, while the latter should secure increased chip-packaging demand through its close partnership with Broadcom as global tech giants re-route orders away from China. Stocks to watch: Utility: *EIPOWR*, UUE, *YTLPOWR* Building Material: PMETAL, *SCGBHD* Solar: SAMAIDEN, *SLVEST* Consumer: 99SMART Construction: *CHB* Technology: *INARI* Property: IOIPG **Source: M+ Global**

M+ Global Market Update – 05Aug26 Fresh Highs as AI Profits Surge and Oil Prices Ease US: As both the Dow and the S&P 500 hit fresh record highs alongside Brent oil plummeting below the USD80 mark, we expect the market to trade positively. We favour Palantir following its blowout Q2 print, including a 93% YoY revenue surge and raised full-year 2026 guidance, alongside a 29.5% gap-up shattering multi-month overhead resistance, as its Artificial Intelligence Platform continues to show strong demand across commercial and defence enterprises. Lastly, investors can take another look at SpaceX as it topped Q2 revenue estimates in its first post-IPO report, narrowing its net loss to USD541m (vs USD1bn loss a year ago), with its share price potentially bottoming out. MY: Tracking Wall Street’s performance, we expect the local bourse to trend higher in the near term. Meanwhile, with HARTA releasing strong 1QFY27 results yesterday, including 73.1% QoQ and 455.4% YoY profit growth as well as a double-digit PAT margin of 11.6%, we believe buying interest will be sustained in glove counters after being oversold over the past few weeks, creating a favourable risk-reward ratio. Beisdes, we favour DNEX as SilTerra will continue to benefit from the AI-driven silicon photonics megatrend, while plantation stocks such as SDG, KLK, and UTDPLT will continue to benefit from elevated FCPO prices. Stocks to watch: Construction: *CBHB*, *HEGROUP*, *ICENTS* Technology: INFOM, *MCLEAN* Building Material: SCGBHD, *YBS* Financial: PBBANK Plantation: JPG Healthcare: SUNMED **Source: M+ Global**

M+ Global Market Update – 04Aug26 Stocks Extended Gains After Trump Called Off Attack US: As the US delayed its planned attack on Iran to allow more time for peace talks, coupled with Brent crude dropping c.7.0% towards the USD83.8 level, we expect Wall Street to extend its bullish momentum. Microsoft (MSFT) continued to experience a gap up following its recent results outperformance, as accelerating Azure cloud demand and enterprise AI deployment continue to draw investor interest. This should bode well for AI chip and custom silicon partners, as well as DC infrastructure and power providers. Lastly, we also like WESCO International (WCC) following its earnings outperformance, driven by a 45% YoY increase in AI data centre sales, which led to a higher full-year FY26 guidance. MY: Tracking Wall Street’s strong overnight performance, we believe the FBM KLCI will extend its gains today, particularly in the Technology sector. Meanwhile, we like UWC, supported by (i) surging demand for AI accelerator test equipment, (ii) its strategic pivot into higher-margin front-end wafer fabrication equipment (WFE) components, and (iii) expanding turnkey assembly capabilities driven by new cleanroom capacity. Lastly, with the breakout in cocoa prices yesterday, traders could also take positions in GCB, which is pending a 52-week high breakout. Stocks to watch: Technology: *CORAZA*, CPETECH, INFOM, *SMRT*, *SCOMNET* Utility: *ISF*, SET Healthcare: *SUNMED* Building Material: ENGTEX Financial: *ABMB* Consumer: *GCB* **Source: M+ Global**

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M+ Global Market Update – 03Aug26 Rally May Extend After Cancelled Attack US: With President Trump cancelling a planned attack on Iran, coupled with the impressive results shown by Amazon (AMZN) and Microsoft (MSFT), we expect Wall Street to kickstart the August trading month on a positive note. Meanwhile, AMZN’s revenue outperformance, driven by accelerating AWS cloud growth, alongside its decision to hike 2026 CapEx from USD200bn to USD220bn should directly benefit memory chip manufacturers as well as other DC infrastructure and power providers. Lastly, we believe traders could also look into Southern Copper Corporation (SCCO) following the recovery in copper prices and structural demand led by AI and global grid electrification. MY: In view of the rally on Wall Street, coupled with the cancellation of a planned attack on Iran, we believe the FBM KLCI may extend its gains today, especially in the Technology sector. Meanwhile, we favour HSSEB, underpinned by its (i) RM2.1bn order book providing multi-year earnings visibility, (ii) structural tailwinds from domestic transport, water infrastructure, and DC projects, and (iii) earnings acceleration from major overseas contracts such as the Baghdad Metro JV contract worth RM1.5bn. Lastly, given the recovery in global tin prices, traders could also take positions in MSC, which has just experienced a breakout from consolidation. Stocks to watch: Technology: *INFOM*, MPI, *NATGATE*, OGX Financial: AMBANK, *CIMB* Construction: *CHB*, HEGROUP Medical: *SCOMNET* Utility: *RANHILL* Consumer: SPRITZER **Source: M+ Global**

M+ Global Market Update – 31Jul26 Bargain Hunting Sparks Chipmakers Rally US: With margin calls and selling pressure in Korea having abated, Wall Street is expected to build on its relief rebound. Meanwhile, impressive quarterly performance from Microsoft (MSFT) and Amazon (AMZN) highlighted accelerating revenue expansion across their respective cloud divisions, firmly validating ongoing enterprise spending in AI infrastructure; Amazon planned 2026 capital expenditures of USD220bn, driven heavily by artificial intelligence infrastructure demand, data centers, and custom chips. With growth confidence restored, upside momentum in the upcoming session will centre directly on Microsoft (MSFT) and Amazon (AMZN) as primary catalysts driving broader index gains. MY: Buoyed by Wall Street’s overnight gains and strong domestic earnings, the local bourse is expected to stage a tech-led rally. Sentiment toward local technology stocks will be anchored by VITROX, whose 2QFY26 net profit more than tripled YoY to RM85m (up from RM28.1m), driven by surging AI demand, operational efficiency, and tax benefits. We anticipate spillover fund flows into other tech names, including INARI, MPI, and FRONTKN. Meanwhile, for investors seeking a more defensive stance, consumer plays remain attractive; NESTLE, which posted a 38% YoY jump in 2Q net profit. Other consumer stocks like 99SMART and SPRITZER may benefit. Stocks to watch: Consumer: *GCB*, LWSABAH, OHM Plantation: *INNO*, TAANN Technology: *CORAZA* Financial: *CIMB* Utility: *RANHILL* Building Material: *MCEMENT* Construction: HEGROUP **Source: M+ Global**

M+ Global Market Update – 30Jul26 Surging Yields Kill Risk Appetite US: Wall Street is expected to remain cautious as the Fed kept interest rates unchanged at 3.50%–3.75%. A hawkish hold, highlighted by three dissenting votes advocating for a 25bps rate hike, alongside a surge in the 10-year US Treasury yield to 4.66%, reinforces the "higher-for-longer" interest rate narrative. While higher yields present headwinds for rate-sensitive tech, strong earnings from Alphabet and SK Hynix should offer a cushion for AI-related counters as investors await key results from Apple (AAPL) and Amazon (AMZN). Meanwhile, escalating US–Iran tensions are pushing crude oil prices higher, driving market leadership towards energy heavyweights such as ExxonMobil (XOM) and Chevron (CVX). MY: Against this backdrop, the local bourse is expected to trade on a selective footing. Higher crude oil prices should spur buying interest in the oil and gas space, favouring key counters such as DIALOG, DAYANG, ARMADA, and VELESTO. Also, we expect HENGYUAN and PCHEM to benefit from prolonged supply disruption uncertainties in the Strait of Hormuz. In the Technology sector, upside gains may be capped following negative overnight performance on Wall Street. However, we still like DUFU and NOTION, where the former has produced stellar results which may benefit sentiment among HDD players. Stocks to watch: Technology: *ATECH*, ICENTS Consumer: *LWSABAH*, SPRITZER Financial: *CIMB*, PBBANK Utility: *RANHILL* Construction: *UUE* Building Material: *MSC* Plantation: JPG **Source: M+ Global**

Berdasarkan pengalaman, dari 10 orang yang labur saham..selepas 5 tahun, hanya 3-4 orang sahaja yang akan kekal dan masih buat untung dalam saham. Belajar saham adalah marathon..bukan sprint. Pergi kelas 3 hari, anda tak akan pandai dalam saham. Kena terus belajar dan mencari. Mereka yang tak berjaya dalam saham bukan sebab tak pandai,bukan sebab market teruk. Tetapi sebab mereka tidak boleh konsisten buat untung. Sebab apa tak konsisten? Sebab mereka tak kenal diri dan tak tahu apa strategi yang sesuai dengan diri. Konsisten bukan maksud kena buat duit hari2. Konsisten bermaksud disiplin untuk guna strategi yang sama berulang2 kali dan pandai adapt diri. layari : www.irichcapital.com #ipoinvestorclub #irichcapital #naznazirul

M+ Global Market Update – 29Jul26 Selected Strong Earnings to Drive Local Tech Buying US: Sector rotation has intensified following the ChangXin Memory Technologies IPO, which triggered a sell-off in memory stocks like Micron and SK Hynix. Investors fear that future Chinese capacity expansion could pressure traditional memory pricing down the road. Coupled with SK Hynix’s earnings miss, sending its stock lower post-market and we believe Wall Street may trade on a cautious tone ahead. Key focus shifts to upcoming Q2 GDP figures, weekly jobless claims, and the Federal Reserve policy decision. With tech under pressure, expect capital to flow toward defensive plays in consumer and financials, such as Walmart (WMT), Procter & Gamble (PG), and JPMorgan Chase (JPM). MY: Meanwhile, on the local front, overall sentiment may rebound, though upside will be limited by the global tech rout. Semiconductor weakness could cap index gains, but stock-specific earnings breakouts offer clear trading opportunities. Focus turns to DUFU, after its quarterly profit surged nearly fivefold to RM13.9m on robust HDD demand, and OGX following a 51.2% YoY net profit jump to RM23.2m. Amid fragile tech sentiment, investors should shelter in defensive plays with stable cash flows, favouring consumer heavyweights like 99SMART and SPRITZER, alongside utilities anchor TENAGA. Stocks to watch: Technology: *AMS*, *CTOS*, *NOTION* Construction: KEEMING, PESONA, *SET* Building Material: *MCEMENT* Consumer: *MFLOUR* O&G: ARMADA **Source: M+ Global**

M+ Global Market Update – 28Jul26 Falling Oil Set To Trigger 'Risk-On' Mode US: Despite the mixed closing print in US markets, Wall Street is expected to extend gains as falling crude oil prices ignite risk appetite across equities. Easing energy costs provide welcome relief for inflation expectations, boosting market sentiment ahead of a heavy week of Q2 corporate earnings releases and key macroeconomic data, including the Federal Reserve policy decision, nonfarm payrolls, and Q2 GDP prints. Investors will closely monitor mega-cap tech and industrial scorecards to gauge earnings resilience and forward capital expenditure plans. MY: The FBM KLCI could rebound further, despite Wall Street’s mixed overnight performance. Near-term domestic sentiment will be supported as funds re-evaluate the local tech sector, driven by testing and solutions providers moving up the value chain; SNS continues its rally following a record RM1.22bn AI server win, while AEMULUS gains traction after securing RM15.11m in South Korean orders for AI test systems. Meanwhile, the upcoming Negeri Sembilan state election and the return of Formula 1 to Sepang in October are taking centre stage and are likely to bode well for tourist inflows and retail spending, translating into earnings for consumer players such as 99SMART, SPRITZER, and FFB. Stocks to watch: Technology: ECA, *NOTION*, SCOMNET, *UWC* Building Material: *MCEMENT*, MSC O&G: *ARMADA* Financial: *CIMB* Consumer: *KOPI* Plantation: TSH **Source: M+ Global**

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