NPS
Transfer of coverage
Recommendations maintained
LSH Capital
Pricing in the margin pressure
LSH is only trading at implied single digit PER.
LSH Capital
2QFY26 - Property blip drives miss
Property segment decelerated as LSH Segar nears completion.
Results
1Q26 - Seasonal drag
KJTS should benefit from rising energy costs.
Macro & Strategy
Just charts: Banks 1Q26 preview
There is high risk of a negative surprise in banks' earnings.
Autos
Steep post-festive rebound in April
Automotive sales were soft in 1Q26, with SIME hurt the most.
GENERGY
1Q26 - Seasonal weakness
Orderbook remained stable at RM244.7m
Gloves
Trade on the bumper margins
Glovemakers should enjoy margin expansion as higher ASPs offset the nitrile costs.
FRONTKEN
1Q26 - Positive margin outlook
Management is guiding for 25-35% underlying growth for FY26.
MFGROUP
Headcount-led growth
Manforce is moving up from the LEAP to the ACE market on 6 May.
Just charts: The US-Iran war v2
Key takeaways: * Oil prices continued to climb despite extension of ceasefire, pricing in a longer closure of the Straits. * But markets continue to price through the crisis with Malaysian tech rallying in recent weeks, latching on to positive earnings reporting (including the US). Latest updates: * Ceasefire extended by 3 weeks
GAM
Aussie diesel cost risks are overlooked
The RM7.3bn Sydney Metro West Stations Package West has no cost pass-through.
Macro & Strategy
Just charts: The US-Iran war
Trends to track.