Columns What happened at Banks? The CFO has been suspended and is undergoing an internal investigation.
What happened at Banks? The CFO has been suspended and is undergoing an internal investigation.
(Kuala Lumpur, 17th) Banks $MAYBANK (1155.MY)$ suddenly announced personnel changes, and the Group Chief Financial Officer (CFO), Khalijah Binti Ismail, has been suspended effective immediately and is undergoing an internal investigation by the banks.
The position of Khalidah is temporarily held by Malik Faizad, who is the Chief Financial Officer of Banks Islamic Bank.
On Monday evening, Banks reported to the Malaysian Stock Exchange that Khalidah, 58, has been suspended since the 17th to cooperate with the bank's internal investigation.
According to information, Khalidah has over 30 years of work experience at Banks and officially became the Chief Financial Officer in 2021.
The statement did not disclose the reasons and details of the bank's internal investigation.
However, Banks stated that the process of selecting a new Group Chief Financial Officer has been initiated and will be announced after the official appointment of the new candidate.
The stock price of Banks did not fluctuate much today, closing at 10.56 Ringgit, flat, with a Volume of 3.82 million 7600 shares.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and Education purposes only and does not constitute any specific investment, investment strategy, or recommendation endorsement. Readers should bear any risks and responsibilities that arise from relying on this content. Before making any investment decisions, it is essential to conduct independent research and evaluation and consult professional advice if necessary. The author and related participants are not responsible for any consequences arising from the use or reliance on this content.
(Kuala Lumpur, 17th) Banks $MAYBANK (1155.MY)$ suddenly announced personnel changes, and the Group Chief Financial Officer (CFO), Khalijah Binti Ismail, has been suspended effective immediately and is undergoing an internal investigation by the banks.
The position of Khalidah is temporarily held by Malik Faizad, who is the Chief Financial Officer of Banks Islamic Bank.
On Monday evening, Banks reported to the Malaysian Stock Exchange that Khalidah, 58, has been suspended since the 17th to cooperate with the bank's internal investigation.
According to information, Khalidah has over 30 years of work experience at Banks and officially became the Chief Financial Officer in 2021.
The statement did not disclose the reasons and details of the bank's internal investigation.
However, Banks stated that the process of selecting a new Group Chief Financial Officer has been initiated and will be announced after the official appointment of the new candidate.
The stock price of Banks did not fluctuate much today, closing at 10.56 Ringgit, flat, with a Volume of 3.82 million 7600 shares.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and Education purposes only and does not constitute any specific investment, investment strategy, or recommendation endorsement. Readers should bear any risks and responsibilities that arise from relying on this content. Before making any investment decisions, it is essential to conduct independent research and evaluation and consult professional advice if necessary. The author and related participants are not responsible for any consequences arising from the use or reliance on this content.
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Sunway Medical settled in Bandar Sunway TMC Life Sciences being the first impacted.
With the establishment of the Sunway Medical Center Bandar Sunway (SMCD), analysts expect the competition in the private Medical market in Bandar Sunway to intensify, with TMC Life Sciences being the most affected. $TMCLIFE (0101.MY)$ 。
Analysts from Maybank's investment bank research pointed out in their latest report that the newly established SMCD in Bandar Sunway will form direct competition with TMC Life Sciences' Kota Bahru Sunway Medical Hospital (THKD) and KPJ Bandar Sunway Specialist Medical Center (KPJ DSH2).
In our view, due to the overlap in target patient cohort and market positioning, THKD may be impacted more significantly.
After the analyst visited the Sunway Medical Center in Bansar, they noticed its emphasis on advanced diagnostic and imaging technology, which somewhat supports the high-yield CONGO specialty Business.
CONGO includes Cardiology, Oncology, Neurology, Gastroenterology, and Orthopaedic.
Furthermore, SMCD's efforts to attract top talent also demonstrate its determination to replicate the specialty medical advantages of Sunway Medical Centre and Sunway Medical Group.
Analysts believe that SMCD is still in its early stages of development, while THKD's current operations remain active...
With the establishment of the Sunway Medical Center Bandar Sunway (SMCD), analysts expect the competition in the private Medical market in Bandar Sunway to intensify, with TMC Life Sciences being the most affected. $TMCLIFE (0101.MY)$ 。
Analysts from Maybank's investment bank research pointed out in their latest report that the newly established SMCD in Bandar Sunway will form direct competition with TMC Life Sciences' Kota Bahru Sunway Medical Hospital (THKD) and KPJ Bandar Sunway Specialist Medical Center (KPJ DSH2).
In our view, due to the overlap in target patient cohort and market positioning, THKD may be impacted more significantly.
After the analyst visited the Sunway Medical Center in Bansar, they noticed its emphasis on advanced diagnostic and imaging technology, which somewhat supports the high-yield CONGO specialty Business.
CONGO includes Cardiology, Oncology, Neurology, Gastroenterology, and Orthopaedic.
Furthermore, SMCD's efforts to attract top talent also demonstrate its determination to replicate the specialty medical advantages of Sunway Medical Centre and Sunway Medical Group.
Analysts believe that SMCD is still in its early stages of development, while THKD's current operations remain active...
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Columns Australia bans foreigners from buying second-hand houses; Malaysian developers face long-term risks.
Australia bans foreigners from buying second-hand houses; Malaysian developers face long-term risks.
CIMB International warns that Australia's tightening real estate policies may impact property trades in the medium to long term, and Malaysian developers with business in Australia may be affected by declining housing affordability.
The research institution pointed out that the Australian government's recent policy to ban foreign investors from purchasing second-hand houses for the next two years may eliminate an important source of home-buying demand and could have "negative ripple effects" on the broader real estate upturn cycle.
However, CIMB International stated in a report to clients that since the ban only applies to foreign buyers purchasing existing homes, it is not expected to have a significant impact on Malaysian developers with projects in Australia in the short term for ongoing and future projects.
Currently, Malaysian Real Estate developers with business in Australia include UEM Sunrise. $UEMS (5148.MY)$ The company obtained planning permission for the Collingwood project in Melbourne in December 2024.
In addition, the total development value (GDV) of its Subiaco Oval project in Perth is 1.4 billion Ringgit (accounting for 1.5% of the remaining 91 billion Ringgit GDV as of October 31, 2024), and it is expected to start construction in 2026.
Another developer is S P Setia. $SPSETIA (8664.MY)$On October 5, 2024, Atl was launched in Victoria...
CIMB International warns that Australia's tightening real estate policies may impact property trades in the medium to long term, and Malaysian developers with business in Australia may be affected by declining housing affordability.
The research institution pointed out that the Australian government's recent policy to ban foreign investors from purchasing second-hand houses for the next two years may eliminate an important source of home-buying demand and could have "negative ripple effects" on the broader real estate upturn cycle.
However, CIMB International stated in a report to clients that since the ban only applies to foreign buyers purchasing existing homes, it is not expected to have a significant impact on Malaysian developers with projects in Australia in the short term for ongoing and future projects.
Currently, Malaysian Real Estate developers with business in Australia include UEM Sunrise. $UEMS (5148.MY)$ The company obtained planning permission for the Collingwood project in Melbourne in December 2024.
In addition, the total development value (GDV) of its Subiaco Oval project in Perth is 1.4 billion Ringgit (accounting for 1.5% of the remaining 91 billion Ringgit GDV as of October 31, 2024), and it is expected to start construction in 2026.
Another developer is S P Setia. $SPSETIA (8664.MY)$On October 5, 2024, Atl was launched in Victoria...
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U.S. President Trump frequently brings out the tariff stick, along with possible countermeasures from other countries, leading to severe challenges for the 25 richest families in Asia over the next four years.
Just a few weeks after taking office, with diplomatic insults and tariff threats, Trump has shocked the world. Bloomberg has compiled a list of the 25 richest families in Asia by 2025, pointing out that the biggest issue facing their dominant Conglomerates over the next four years is: Trump's tariffs, and how widespread and lasting the retaliatory tariffs from other countries will be.
Reports indicate that if the tariff war continues for a long time, the Lee family of South Korea's Samsung Electronics Group (ranked 10th, with Assets of approximately $22.7 billion) and the Zhang family, which controls China's aluminum product manufacturer Hongqiao Group (ranked 11th, with Assets of approximately $21.9 billion), will face risks.
The richest family in Asia is the family of Mukesh Ambani, chairman of Reliance Industries in India, with Assets of approximately 90.5 billion USD.
Due to the close interactions between Trump and Indian Prime Minister Modi, India's billionaires appear relatively unfazed.
At the same time, the leading wealthy families in the CSI Cross-Straits 500 Index ranking are: 5th, the family of GUO DE SHENG, founder of SHK PPT in Hong Kong (Assets approximately 35.6 billion USD); 6th, the family of the Tsai brothers, founders of Cathay Life in Taiwan, who currently possess stakes in the two major financial holding companies in Taiwan, and are venturing into Real Estate and telecommunications, with estimated Assets of about 30.9 billion USD; and 12th, the Cheng family in Hong Kong, which owns NEW WORLD DEV and CHOW TAI FOOK (Assets approximately 21.8 billion USD).
Bank of Malaysia...
Just a few weeks after taking office, with diplomatic insults and tariff threats, Trump has shocked the world. Bloomberg has compiled a list of the 25 richest families in Asia by 2025, pointing out that the biggest issue facing their dominant Conglomerates over the next four years is: Trump's tariffs, and how widespread and lasting the retaliatory tariffs from other countries will be.
Reports indicate that if the tariff war continues for a long time, the Lee family of South Korea's Samsung Electronics Group (ranked 10th, with Assets of approximately $22.7 billion) and the Zhang family, which controls China's aluminum product manufacturer Hongqiao Group (ranked 11th, with Assets of approximately $21.9 billion), will face risks.
The richest family in Asia is the family of Mukesh Ambani, chairman of Reliance Industries in India, with Assets of approximately 90.5 billion USD.
Due to the close interactions between Trump and Indian Prime Minister Modi, India's billionaires appear relatively unfazed.
At the same time, the leading wealthy families in the CSI Cross-Straits 500 Index ranking are: 5th, the family of GUO DE SHENG, founder of SHK PPT in Hong Kong (Assets approximately 35.6 billion USD); 6th, the family of the Tsai brothers, founders of Cathay Life in Taiwan, who currently possess stakes in the two major financial holding companies in Taiwan, and are venturing into Real Estate and telecommunications, with estimated Assets of about 30.9 billion USD; and 12th, the Cheng family in Hong Kong, which owns NEW WORLD DEV and CHOW TAI FOOK (Assets approximately 21.8 billion USD).
Bank of Malaysia...
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Despite Amper $ABLEGLOB (7167.MY)$ repeatedly stating that Executive Chairman Wu Jiahua (phonetic) was detained by the anti-corruption agency and would not impact the company's operations, analysts believe the incident will still damage the company's reputation and potentially drag down the stock price.
Analysts from Dash Securities point out that although the CEO Wu Ruiwang (phonetic) quickly denied during a reporting session that he had also been arrested by the anti-corruption agency, the chairman's alleged money laundering case will still cause a stir.
However, with the latest developments, the company reported on Friday to the Malaysian Exchange that CEO Wu Ruiwang was also detained by the anti-corruption agency to assist in the investigation.
The company stated that, in light of the ongoing investigation, the company and relevant personnel will continue to provide full cooperation to ensure that the matter can be resolved quickly.
In the statement, Amber expressed its commitment to maintaining normal business operations and will continue to focus on creating value, as well as ensuring the company's high standards of regulation and business integrity.
Reducing investments is the best strategy.
Analysts suggest that investors should not be overly hasty at this stage, but rather wait for the situation to become clearer, and it is advisable to reduce investments.
The analyst downgraded the company's rating from "Buy" to "Sell," while also lowering its ESG rating.
Although the investigation targets the private company under Wu Jiahui, which has no relation to Amber, the company's directors and senior management will jointly take over Wu Jiahui's responsibilities as a temporary measure, this development cannot help but...
Analysts from Dash Securities point out that although the CEO Wu Ruiwang (phonetic) quickly denied during a reporting session that he had also been arrested by the anti-corruption agency, the chairman's alleged money laundering case will still cause a stir.
However, with the latest developments, the company reported on Friday to the Malaysian Exchange that CEO Wu Ruiwang was also detained by the anti-corruption agency to assist in the investigation.
The company stated that, in light of the ongoing investigation, the company and relevant personnel will continue to provide full cooperation to ensure that the matter can be resolved quickly.
In the statement, Amber expressed its commitment to maintaining normal business operations and will continue to focus on creating value, as well as ensuring the company's high standards of regulation and business integrity.
Reducing investments is the best strategy.
Analysts suggest that investors should not be overly hasty at this stage, but rather wait for the situation to become clearer, and it is advisable to reduce investments.
The analyst downgraded the company's rating from "Buy" to "Sell," while also lowering its ESG rating.
Although the investigation targets the private company under Wu Jiahui, which has no relation to Amber, the company's directors and senior management will jointly take over Wu Jiahui's responsibilities as a temporary measure, this development cannot help but...
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The interest margin is seasonally narrowing.
The Banks' profits in the last quarter are expected to be Put.
Although the loan demand remains strong in the fourth quarter of 2024, the loans' returns from the Banks are expected to remain stable or decline slightly.
The investment bank pointed out that this is mainly constrained by the trend of loan profit margins usually narrowing towards the end of the year, which may affect overall profitability.
The report pointed out that net interest income (NII) in the Banks may remain stable or experience a slight decline on a quarter-on-quarter basis. Although loan growth is robust, net interest margins (NIM) are under seasonal pressure.
However, compared to the same period in 2023, competition for deposits has eased this quarter, reducing the pressure of narrowing interest spreads.
Therefore, the decline in net interest margins in 4Q24 may be lower than the decline of 4 basis points recorded in the fourth quarter of 2023.
Regarding non-interest income, Industrial Bank's investment banking research indicates that loan and credit card-related fees remain stable, and the wealth management Business continues to show good progress.
However, due to a high base in the third quarter of 2024, fiscal revenue in the fourth quarter may decline quarter-on-quarter.
Expenditure on Technology projects has increased.
In addition, the 10-year Malaysian Government Securities (MGS) yield remained stable in this quarter, except for some fluctuations during the USA elections.
Therefore, overall, due to the above factors, the operating income for the last quarter of last year is expected to decline month-on-month, but there will still be some year-on-year growth.
The report also mentioned that Banks' operating expenses in Q4 2024 will be affected by seasonal factors. In addition, Banks may invest in Technology and special projects...
The Banks' profits in the last quarter are expected to be Put.
Although the loan demand remains strong in the fourth quarter of 2024, the loans' returns from the Banks are expected to remain stable or decline slightly.
The investment bank pointed out that this is mainly constrained by the trend of loan profit margins usually narrowing towards the end of the year, which may affect overall profitability.
The report pointed out that net interest income (NII) in the Banks may remain stable or experience a slight decline on a quarter-on-quarter basis. Although loan growth is robust, net interest margins (NIM) are under seasonal pressure.
However, compared to the same period in 2023, competition for deposits has eased this quarter, reducing the pressure of narrowing interest spreads.
Therefore, the decline in net interest margins in 4Q24 may be lower than the decline of 4 basis points recorded in the fourth quarter of 2023.
Regarding non-interest income, Industrial Bank's investment banking research indicates that loan and credit card-related fees remain stable, and the wealth management Business continues to show good progress.
However, due to a high base in the third quarter of 2024, fiscal revenue in the fourth quarter may decline quarter-on-quarter.
Expenditure on Technology projects has increased.
In addition, the 10-year Malaysian Government Securities (MGS) yield remained stable in this quarter, except for some fluctuations during the USA elections.
Therefore, overall, due to the above factors, the operating income for the last quarter of last year is expected to decline month-on-month, but there will still be some year-on-year growth.
The report also mentioned that Banks' operating expenses in Q4 2024 will be affected by seasonal factors. In addition, Banks may invest in Technology and special projects...
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The Pacific sold the idle factory for 0.14 billion.
The Pacific $MPI (3867.MY)$ Through its subsidiary, at a price of 0.14 billion Ringgit, sold a factory located in Batu Maung, Penang along with the land to Open DC PE2 Asset Sdn Bhd.
According to the announcement, the aforementioned sold asset is situated on 0.04 million 487 square feet of land in Batu Maung Technoplex Industrial Park.
The Pacific mentioned that its subsidiary has ceased the operation of leadframe business, hence no longer requiring the above assets.
The Pacific plans to allocate 0.1 billion 25.4 million Ringgit from the proceeds for distribution to company shareholders and for deposit into financial institutions, but the proportion of distribution has not been determined yet. The remaining 14.6 million Ringgit will be used to settle the tax and expenses related to this divestment.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and Education purposes only and does not constitute any specific investment, investment strategy, or endorsement. Readers should take their own risks and responsibilities arising from reliance on this content. It is crucial to conduct independent investigation and assessment before making any investment decisions and consult professional advice when necessary. The author and related participants are not responsible for any losses or damages arising from the use or reliance on the information contained in this article.
The Pacific $MPI (3867.MY)$ Through its subsidiary, at a price of 0.14 billion Ringgit, sold a factory located in Batu Maung, Penang along with the land to Open DC PE2 Asset Sdn Bhd.
According to the announcement, the aforementioned sold asset is situated on 0.04 million 487 square feet of land in Batu Maung Technoplex Industrial Park.
The Pacific mentioned that its subsidiary has ceased the operation of leadframe business, hence no longer requiring the above assets.
The Pacific plans to allocate 0.1 billion 25.4 million Ringgit from the proceeds for distribution to company shareholders and for deposit into financial institutions, but the proportion of distribution has not been determined yet. The remaining 14.6 million Ringgit will be used to settle the tax and expenses related to this divestment.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and Education purposes only and does not constitute any specific investment, investment strategy, or endorsement. Readers should take their own risks and responsibilities arising from reliance on this content. It is crucial to conduct independent investigation and assessment before making any investment decisions and consult professional advice when necessary. The author and related participants are not responsible for any losses or damages arising from the use or reliance on the information contained in this article.
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(Shanghai, 12th) The box office record set by the Chinese animated film "Nezha: The Devil Child" (Nezha 2) continues to bring good luck to the company producing and distributing the film in the stock market.
Beijing Enlight Media $Beijing Enlight Media (300251.SZ)$The stock once hit the 20% daily limit up on Wednesday, pushing its total increase since the stock market reopened after the Spring Festival holiday to over 140%. During this period, Beijing Enlight Media's Market Cap has increased by nearly 40 billion RMB (approximately 24.5 billion Ringgit).
Official media Xinhua News Agency cited data from the ticketing website MAOYAN, stating that the sequel to this blockbuster made and distributed in China has already grossed over 9.18 billion RMB (approximately 5.611 billion Ringgit) since its premiere, ranking among the top 25 highest-grossing films in global box office history.
Capital analyst He Lichao (transliteration) wrote in a report that the box office revenue of Nezha 2 'greatly exceeded expectations' and will boost Beijing Enlight Media's first-quarter profits.
The analyst also mentioned that the animation film industry will rapidly benefit from the development of AI in the next two years.
The enthusiasm sparked by this thriving market has also extended to a broader industry. Online ticketing platform MAOYAN ENT surged 22% in the Hong Kong market on Wednesday, ALI PICTURES rose by 13%, and Hengdian Entertainment hit the 10% limit up in the Shanghai market.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only, does not constitute any specific investment, investment strategy, or...
Beijing Enlight Media $Beijing Enlight Media (300251.SZ)$The stock once hit the 20% daily limit up on Wednesday, pushing its total increase since the stock market reopened after the Spring Festival holiday to over 140%. During this period, Beijing Enlight Media's Market Cap has increased by nearly 40 billion RMB (approximately 24.5 billion Ringgit).
Official media Xinhua News Agency cited data from the ticketing website MAOYAN, stating that the sequel to this blockbuster made and distributed in China has already grossed over 9.18 billion RMB (approximately 5.611 billion Ringgit) since its premiere, ranking among the top 25 highest-grossing films in global box office history.
Capital analyst He Lichao (transliteration) wrote in a report that the box office revenue of Nezha 2 'greatly exceeded expectations' and will boost Beijing Enlight Media's first-quarter profits.
The analyst also mentioned that the animation film industry will rapidly benefit from the development of AI in the next two years.
The enthusiasm sparked by this thriving market has also extended to a broader industry. Online ticketing platform MAOYAN ENT surged 22% in the Hong Kong market on Wednesday, ALI PICTURES rose by 13%, and Hengdian Entertainment hit the 10% limit up in the Shanghai market.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only, does not constitute any specific investment, investment strategy, or...
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(Kuala Lumpur, 12th) A series of new market developments led by China's AI company DeepSeek may bring potential negative impacts on the supply-demand relationship in the Southeast Asian datacenter market. However, Banks' investment banking analysts believe that the related concerns have now eased. At the same time, the higher efficiency brought by DeepSeek's algorithms is expected to accelerate the development of AI applications and further boost demand.
The debut of the DeepSeek R1 large model just before the Lunar New Year has raised concerns that AI computing power and datacenter demand may decline, affecting some domestic datacenter concept stocks and causing a downturn, especially in Yang Zhongli Electrical Utilities. $YTLPOWR (6742.MY)$ , along with its parent company Yang Zhongli Institutions. $YTL (4677.MY)$ 。
Yang Zhongli's Electrical Utilities and Yang Zhongli's Institutions have recently stopped the downtrend and rebounded, stabilizing the stock price.
Recently, analysts from Maybank Investment Bank met with some Southeast Asian investors to discuss the developments in the datacenter market, the mergers and acquisitions of Grab and Gojek, and the impact of the e-commerce platform Temu. The analysts pointed out that although a series of news appears to adversely affect the supply and demand situation of datacenters in the ASEAN region, the related concerns have eased.
The dramatic increase of capital expenditure by large-scale datacenter operators in the USA in AI or datacenters has helped alleviate concerns about the decrease in computing power demand following DeepSeek's breakthrough.
The analyst also stated that investors agree that D...
The debut of the DeepSeek R1 large model just before the Lunar New Year has raised concerns that AI computing power and datacenter demand may decline, affecting some domestic datacenter concept stocks and causing a downturn, especially in Yang Zhongli Electrical Utilities. $YTLPOWR (6742.MY)$ , along with its parent company Yang Zhongli Institutions. $YTL (4677.MY)$ 。
Yang Zhongli's Electrical Utilities and Yang Zhongli's Institutions have recently stopped the downtrend and rebounded, stabilizing the stock price.
Recently, analysts from Maybank Investment Bank met with some Southeast Asian investors to discuss the developments in the datacenter market, the mergers and acquisitions of Grab and Gojek, and the impact of the e-commerce platform Temu. The analysts pointed out that although a series of news appears to adversely affect the supply and demand situation of datacenters in the ASEAN region, the related concerns have eased.
The dramatic increase of capital expenditure by large-scale datacenter operators in the USA in AI or datacenters has helped alleviate concerns about the decrease in computing power demand following DeepSeek's breakthrough.
The analyst also stated that investors agree that D...
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(Kuala Lumpur, 10th) With the significant rise of Malaysian stocks last week, both foreign investors and retail investors chose to sell off. Foreign investors have been withdrawing from Malaysian stocks for the 16th consecutive week, with a net sell of 0.1 billion 69.4 million Ringgit last week.
The Capital Trend report released by MIDF Research shows that although foreign investors continue to withdraw, the pace of net selling Malaysian stocks slowed slightly last week compared to the previous week's 0.5 billion 3.3 million Ringgit.
At the same time, last Friday, foreign investors reversed their trend, significantly net buying 93.2 million Ringgit in Malaysian stocks, ending the streak of 24 consecutive trading days of net selling.
Regarding the first four trading days, foreign investors continued to net sell Malaysian stocks, with a net sell reaching 0.1 billion Ringgit on Monday, and the other three days ranging between 18.5 million to 65.1 million Ringgit.
Last week, the main sectors sold off by foreign investors were Utilities (-0.1814 billion Ringgit), Industrial Products and Services (-92.7 million Ringgit), and Energy (-61.2 million Ringgit).
In contrast, Financial Services (0.1172 billion Ringgit), Construction (0.111 billion Ringgit), and Technology (77.6 million Ringgit) were favored by foreign investors.
On the retail side, there was a pause in the inflow momentum that lasted for four weeks, with a net outflow of 24.8 million Ringgit.
In light of this, local Institutions became the only net buyers of Malaysian stocks, supporting the market for the 16th consecutive week, with a total net buying amount reaching 0.1 billion 94.2 million Ringgit last week.
In terms of participation, the average daily trading volume (ADTV) of foreign capital fell by 8.7%, while local Institutions and retail investors increased their trading activity, growing by 7.8% and 1% respectively.
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Foreign capital's net buying reached 1...
The Capital Trend report released by MIDF Research shows that although foreign investors continue to withdraw, the pace of net selling Malaysian stocks slowed slightly last week compared to the previous week's 0.5 billion 3.3 million Ringgit.
At the same time, last Friday, foreign investors reversed their trend, significantly net buying 93.2 million Ringgit in Malaysian stocks, ending the streak of 24 consecutive trading days of net selling.
Regarding the first four trading days, foreign investors continued to net sell Malaysian stocks, with a net sell reaching 0.1 billion Ringgit on Monday, and the other three days ranging between 18.5 million to 65.1 million Ringgit.
Last week, the main sectors sold off by foreign investors were Utilities (-0.1814 billion Ringgit), Industrial Products and Services (-92.7 million Ringgit), and Energy (-61.2 million Ringgit).
In contrast, Financial Services (0.1172 billion Ringgit), Construction (0.111 billion Ringgit), and Technology (77.6 million Ringgit) were favored by foreign investors.
On the retail side, there was a pause in the inflow momentum that lasted for four weeks, with a net outflow of 24.8 million Ringgit.
In light of this, local Institutions became the only net buyers of Malaysian stocks, supporting the market for the 16th consecutive week, with a total net buying amount reaching 0.1 billion 94.2 million Ringgit last week.
In terms of participation, the average daily trading volume (ADTV) of foreign capital fell by 8.7%, while local Institutions and retail investors increased their trading activity, growing by 7.8% and 1% respectively.
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Foreign capital's net buying reached 1...
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