Key Indices
Top Stories
Company Results | Fraser & Neave Holdings (FNH MK/BUY/RM21.22/Target: RM30.00)
- F&N’s FY26 results fell below expectations. The Malaysia segment was dragged by dairy losses whereas Thailand continued to be impacted by the Cambodia border conflict. Consequently, margins contracted across the board, resulting in weak 4QFY26 earnings. Maintain BUY with a lower target price of RM30.00 as we cut our FY26F/FY27F earnings forecasts.
Company Results | SD Guthrie (SDG MK/BUY/RM6.00/Target: RM8.30)
- SDG’s 3Q26 net profit fell 17% yoy to RM773m on smaller land sale gains, but core net profit rose 39% yoy to RM693m as upstream earnings jumped 48%. 9M26 core net profit of RM1.64b is in line at 73% of our full-year forecast. We raise our 2026 core net profit forecast by 3%, mainly to reflect net savings from the redeemed perpetual sukuk, keep 2027 forecast broadly unchanged and cut 2028 estimate by 8.6% to match our RM4,500/tonne CPO assumption. Maintain BUY. Target price: RM8.30.
Market Spotlight
- The FBMKLCI rose 19.30pt (1.2%) to close at 1,635.86 yesterday as it recouped early losses amid late buying interest in index-linked counters.
- US stocks were lower after the close on Thursday, as losses in the technology, industrials and consumer goods sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
CCK Consolidated Holdings | CCK MK
- Trading Buy Range: RM0.855-0.86
Hi Mobility | HI MK
- Trading Buy Range: RM1.69-1.70
Kumpulan Fima | FIMA MK
- Trading Buy Range: RM2.50-2.55
Top Stories
Company Results | Fraser & Neave Holdings (FNH MK/BUY/RM21.22/Target: RM30.00)
- F&N’s FY26 results fell below expectations. The Malaysia segment was dragged by dairy losses whereas Thailand continued to be impacted by the Cambodia border conflict. Consequently, margins contracted across the board, resulting in weak 4QFY26 earnings. Maintain BUY with a lower target price of RM30.00 as we cut our FY26F/FY27F earnings forecasts.
Company Results | SD Guthrie (SDG MK/BUY/RM6.00/Target: RM8.30)
- SDG’s 3Q26 net profit fell 17% yoy to RM773m on smaller land sale gains, but core net profit rose 39% yoy to RM693m as upstream earnings jumped 48%. 9M26 core net profit of RM1.64b is in line at 73% of our full-year forecast. We raise our 2026 core net profit forecast by 3%, mainly to reflect net savings from the redeemed perpetual sukuk, keep 2027 forecast broadly unchanged and cut 2028 estimate by 8.6% to match our RM4,500/tonne CPO assumption. Maintain BUY. Target price: RM8.30.
Market Spotlight
- The FBMKLCI rose 19.30pt (1.2%) to close at 1,635.86 yesterday as it recouped early losses amid late buying interest in index-linked counters.
- US stocks were lower after the close on Thursday, as losses in the technology, industrials and consumer goods sectors led shares lower.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
CCK Consolidated Holdings | CCK MK
- Trading Buy Range: RM0.855-0.86
Hi Mobility | HI MK
- Trading Buy Range: RM1.69-1.70
Kumpulan Fima | FIMA MK
- Trading Buy Range: RM2.50-2.55
Key Indices
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