AmEquities

AmEquities🐪 – 22 Oct 2026 Retail Research
Stock on Radar
STRATUS GLOBAL (5356) Shariah Compliant: Yes Entry       : RM2.40–RM2.41 Target      : RM2.70, RM3.00 Exit         : RM2.22
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 22 Oct 2026 Retail Research
Daily Trade Statistics (Source: Bursa Malaysia)
19 October 2026, Monday Trade Statistics | Participation: Volume traded 2.49bil Value traded RM2.39bil Retail: +RM20.30m | 29.0% Institution: -RM77.64m | 39.1% Foreign: +RM57.34m | 31.9%
20 October 2026, Tuesday Trade Statistics | Participation: Volume traded 2.87bil Value traded RM2.42bil Retail: +RM65.47m | 27.7% Institution: +RM121.52m | 43.9% Foreign: -RM186.99m | 28.4%
21 October 2026, Wednesday Trade Statistics | Participation: Volume traded 2.77bil Value traded RM2.58bil Retail: +RM9.58m | 23.0% Institution: -RM53.06m | 47.7% Foreign: +RM43.48m | 29.3%

AmEquities🐪 – 22 Oct 2026 Retail Research
Corporate News (Source: The Edge)
Sunway Healthcare and Putrajaya Holdings form 60:40 JV to build 325-bed private hospital in Putrajaya, construction Q4 2027, completion 2031.
Sunway Healthcare and Sunway REIT extend RM60 mil Sunway Hotel Seberang Jaya acquisition deadline to July 28, 2027, from Oct 28, 2026.
Zetrix AI MD Wong Thean Soon sold 460,000 shares at 5 sen each for RM23,000, cutting direct stake to 0.541%.
Malakoff CFO Mohd Nazersham Mansor resigns after nine years, deputy CFO Nurshazwani Abd Malek takes interim role from Dec 1.
CapitaLand Malaysia Trust 3Q NPI jumped 14.9% to RM79.4 mil, revenue up 9.1% to RM126.54 mil, DPU 1.35 sen.
Westports 3Q net profit surged 26.3% to RM342.56 mil, revenue jumped 42% to RM1.07 bil on tariff hikes and higher value-added services.
AME REIT 2Q NPI rose 11.4% to RM16 mil, revenue up 11.9% to RM17.55 mil, DPU 2.19 sen.
Pantech Global 2Q net profit jumped 89.5% to RM19.33 mil on higher sales volume and improved pricing, revenue up 36.88% to RM173.71 mil.
Malaysia Marine and Heavy Engineering will contest RM57.3 mil arbitration claim from Haumea Offshore over Bokor Phase 3 works in Sarawak.
ES Sunlogy shareholders approved recurrent related-party transactions with largest shareholder Kerjaya Prospek (31% stake), 241.92 mil shares voted for, 9,800 against.
Mudajaya shareholders advised to approve 45% Real Jade stake disposal to major shareholder Minyi Holdings for HK$234 mil to settle debts, vote Nov 5.
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 22 Oct 2026 Retail Research
AmBreakfast Note
KLCI rose 0.17% to close at 1,602.27. We maintained the support level at 1,560 and the resistance level at 1,655. Trading volume decreased to 2.77bil (2.87bil previously), while trading value was RM2.58bil (RM2.42bil previously). Market breadth remained positive (626 gainers vs 416 losers). Sectors across the board closed positive with technology (+2.8%), construction (+1.6%) and property (+1.2%).
Asian equities rebounded sharply, with Japan and South Korea tech stocks surging on strong U.S. earnings and AI spending confidence—Kospi clawed back yesterday's losses on Samsung and SK Hynix strength—while Hong Kong and mainland China lagged on CATL earnings miss and Lenovo downgrades, as Brent crude pushed toward $110 on Middle East geopolitical risk.
U.S. markets extended gains for a third straight session, Nasdaq up over 1% on Meta and SpaceX earnings beats that reignited AI spending conviction despite heavy capex drains. Bitcoin reclaimed $84,000 and cryptos rallied on improved risk appetite as energy stabilized. Treasury yields held steady, supporting the equity run.
Today’s Report(s) / Note(s)
TECHNOLOGY (Overweight) Building Bridges
Stock on Radar: Stratus Global
Malaysia KLCI: 1,602.3 (+2.72, +0.2%) FBM Small Cap: 15,506.2 (+0.9%)
Global Markets Dow: 52,856.1 (+360.2, +0.7%) S&P 500: 7,757.2 (+0.6%) NASDAQ: 26,702.8 (+1.1%) Europe STOXX 600: 644.5 (+0.9%) Hang Seng: 23,651.9 (-0.9%) Nikkei 225: 64,621.0 (+0.9%) Straits Times: 5,438.0 (+0.6%) Brent Crude Oil: 110.0 (+0.8%) Crude Palm Oil: 4,767.0 (-1.0%) USD/MYR: 4.0785 (-0.1%)
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 21 Oct 2026 Retail Research
Stock on Radar
PANTECH GLOBAL (5331) Shariah Compliant: Yes Entry       : RM0.625–RM0.66 Target      : RM0.70, RM0.75 Exit         : RM0.59
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 21 Oct 2026 Retail Research
Daily Trade Statistics (Source: Bursa Malaysia)
16 October 2026, Friday Trade Statistics | Participation: Volume traded 3.13bil Value traded RM3.27bil Retail: +RM123.54m | 23.9% Institution: -RM70.05m | 44.3% Foreign: -RM53.49m | 31.9%
19 October 2026, Monday Trade Statistics | Participation: Volume traded 2.49bil Value traded RM2.39bil Retail: +RM20.30m | 29.0% Institution: -RM77.64m | 39.1% Foreign: +RM57.34m | 31.9%
20 October 2026, Tuesday Trade Statistics | Participation: Volume traded 2.87bil Value traded RM2.42bil Retail: +RM65.47m | 27.7% Institution: +RM121.52m | 43.9% Foreign: -RM186.99m | 28.4%

AmEquities🐪 – 21 Oct 2026 Retail Research
Corporate News (Source: The Edge)
SD Guthrie denies causing Indonesia forest fires, reaffirms zero-burning policy since 1985 and no-deforestation commitment.
Yinson take-private deadline extended to Nov 30 as MISC, EPF, and Lim Han Weng's vehicle continue evaluating scheme of arrangement.
Gamuda signs deal with Perak government to develop Northern Perak Water Supply Scheme transferring 1,500 mil litres daily from Sungai Perak to Bukit Merah Dam via 50:50 joint venture Khazanah Air Perak.
Zetrix AI MD Wong Thean Soon cuts stake to 1.85% via 3.13 mil share sale at five sen, risking Oct 22 covenant-breach remedy deadline requiring him as largest shareholder.
LYC Healthcare delays ACE Market delisting pending appeal filed before Oct 26 deadline, but trading suspension from Oct 27 expected to proceed.
Computer Forms applies for judicial review against Bursa's public reprimand and RM2 mil director fines for listing breaches tied to failed EA Mobility EV joint venture.
Bus Cap partners Starcharge Energy to explore EV charging infrastructure and related services, diversifying beyond bus manufacturing into solar, battery storage, and smart energy.
South Malaysia Industries wins High Court order quashing SC approval of six Target 1-nominated directors, with court ordering SC to pay RM15,000 costs.
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 21 Oct 2026 Retail Research
AmBreakfast Note
KLCI rose 0.24% to close at 1,599.58. We maintained the support level at 1,560 and the resistance level at 1,655. Trading volume increased to 2.87bil (2.49bil previously), while trading value was RM2.42bil (RM2.39bil previously). Market breadth remained negative (331 gainers vs 751 losers). Sectors across the board closed negative with technology (-2.2%), construction (-1.4%) and plantation (-0.8%).
Asian equities tumbled across the region as AI fatigue resurfaced, with the Kospi down 3.7–4% on sector skepticism exacerbated by domestic AI firm Elice's 30% crash on debut, while the Nikkei fell 1.3% and the Hang Seng dropped 1.32%, though Shanghai managed a marginal 0.12% gain. Indonesia bounced after regulatory curbs on short selling following an $82 billion two-day rout and MSCI delisting warnings.
U.S. markets advanced with the Dow up 500 points on stronger corporate earnings and upward guidance revisions from industrials and defense names, while the Nasdaq stalled as investors rotated out of AI into healthcare and small-caps amid monetization doubts. Treasury yields fell as money fled to fixed-income safety, and crude eased from five-month highs as Middle East supply concerns cooled.
Today’s Report(s) / Note(s)
CIMB Group (BUY, TP:RM9.80) Jumping the Gun
Stock on Radar: Pantech Global
Malaysia KLCI: 1,599.6 (+3.83, +0.2%) FBM Small Cap: 15,366.1 (-0.9%)
Global Markets Dow: 52,495.9 (+529.8, +1.0%) S&P 500: 7,712.6 (+0.3%) NASDAQ: 26,424.8 (0.0%) Europe STOXX 600: 638.7 (-0.1%) Hang Seng: 23,867.7 (-1.3%) Nikkei 225: 64,075.4 (-1.3%) Straits Times: 5,404.0 (-0.1%) Brent Crude Oil: 109.2 (0.0%) Crude Palm Oil: 4,817.0 (+1.1%) USD/MYR: 4.0815 (+0.0%)
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 20 Oct 2026 Retail Research
Stock on Radar
NATIONGATE (0270) Shariah Compliant: Yes Entry       : RM2.00–RM2.05 Target      : RM2.30, RM2.50 Exit         : RM1.88
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 20 Oct 2026 Retail Research
Daily Trade Statistics (Source: Bursa Malaysia)
15 October 2026, Thursday Trade Statistics | Participation: Volume traded 3.06bil Value traded RM3.03bil Retail: +RM32.49m | 25.1% Institution: -RM18.48m | 46.4% Foreign: -RM14.01m | 28.5%
16 October 2026, Friday Trade Statistics | Participation: Volume traded 3.13bil Value traded RM3.27bil Retail: +RM123.54m | 23.9% Institution: -RM70.05m | 44.3% Foreign: -RM53.49m | 31.9%
19 October 2026, Monday Trade Statistics | Participation: Volume traded 2.49bil Value traded RM2.39bil Retail: +RM20.30m | 29.0% Institution: -RM77.64m | 39.1% Foreign: +RM57.34m | 31.9%

AmEquities🐪 – 20 Oct 2026 Retail Research
Corporate News (Source: The Edge)
Zetrix AI withdraws 0.25 sen dividend to preserve RM19.74 mil working capital amid unexpected operational expenses. MD Wong Thean Soon sold 600,000 shares, reducing stake to 1.887%, risking breach of RM2 bil sukuk covenant by Oct 22 deadline requiring him as largest shareholder.
Toyo Ventures largest shareholder offers 28 sen per share to take ink manufacturer private, a 16.67% premium over 24 sen close on Oct 16.
Mi Technovation unit Mi Material Holding launches Singapore IPO Oct 28 at S$1.80 per share targeting S$168.2 mil from public and cornerstone investors, with Mi pocketing RM46.8 mil from share sale.
IHH Healthcare acquires Afiniti Wellness in Johor to expand Gleneagles Hospital into 18-acre integrated healthcare campus with ambulatory care centre offering consultations, diagnostics, day surgery and outpatient services.
Duopharma Biotech settles trademark dispute with India's Sun Pharmaceutical, Sun filed court discontinuance notice without liberty to refile, vacating trial set for Monday.
LYC Healthcare faces suspension from Oct 27 and delisting Oct 29 after sponsor UOB Kay Hian terminated GN3 regularisation support with no reason given, company can appeal by Oct 26.
KIP REIT net property income rose 18% to RM34.95 mil in Q1 ended Sept 30 from RM29.72 mil year-ago as new retail and industrial assets in Selangor, Johor, Negeri Sembilan and Sarawak lifted revenue 20% to RM48.75 mil.
GDB subsidiary GDB Infra wins RM119 mil subcontract for National Flood Forecasting Phase 3 construction in Sarawak, completion Nov 29, 2029.
MMAG subsidiary MJets Air sells Boeing 737-400SF cargo aircraft to Mont Gabanon Airlines for US$2.8 mil, crystallising RM12.69 mil loss on RM24.12 mil book value.
Jati Tinggi subsidiary Jati Tinggi Holding wins RM30.1 mil contract for data centre power infrastructure in Kulai, Johor, running to July 25, 2027, covering 275kV underground cable ducting and 11kV temporary power installation.
Cosmos Technology proposes acquiring 51% stake in EMS player Orisystems Opto for RM16.52 mil via 33.05 mil new shares at 50 sen each, a 27.71% premium to 39.15 sen five-day VWAP.
Eonmetall substantial shareholder Datuk Seri Lee Hock Seng disposed 6.09 mil shares Oct 15 for RM2.68 mil, stake falling below 5% threshold to 4.21% from 5.57%.
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 20 Oct 2026 Retail Research
AmBreakfast Note
KLCI fell 0.75% to close at 1,595.75. We changed the support level to 1,560 and the resistance level to 1,655. Trading volume decreased to 2.49bil (3.13bil previously), while trading value was RM2.39bil (RM3.27bil previously). Market breadth remained negative (322 gainers vs 741 losers). Sectors across the board closed negative with REIT (-1.8%), technology (-1.5%) and financial (-1.4%).
Asian equities struggled as tech unwind and valuation anxiety weighed on chipmakers across Seoul and taipei, though China's beat on Q3 GDP at 4.5% and robust September industrial output of 5.5% offered some regional support, oil retreated over 2% to $107 Brent on Trump's Russia sanctions waiver, while Indonesia's shock MSCI downgrade warning torched $65bn in market cap and pressured the rupiah.
U.S. markets bounced back with Nasdaq +1.1% and S&P 500 +0.4% as dip-buyers stepped in after last week's tech selloff, though semiconductor stocks remain fragile ahead of Meta and Tesla earnings later this week. The 10-year Treasury held above 5% on sticky inflation data, pressuring bond valuations, while JPMorgan and BofA missed profit expectations but BlackRock surged 38% on record AUM of $15.5 trillion.
Today’s Report(s) / Note(s)
Stock on Radar: NationGate
Malaysia KLCI: 1,595.8 (-12.06, -0.8%) FBM Small Cap: 15,513.1 (-0.6%)
Global Markets Dow: 51,966.0 (-36.4, -0.1%) S&P 500: 7,690.7 (+0.4%) NASDAQ: 26,430.9 (+1.1%) Europe STOXX 600: 639.6 (-0.8%) Hang Seng: 24,186.8 (+0.5%) Nikkei 225: 64,916.5 (-0.6%) Straits Times: 5,412.0 (-0.1%) Brent Crude Oil: 109.2 (-0.7%) Crude Palm Oil: 4,766.0 (-0.1%) USD/MYR: 4.0800 (+0.0%)
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 19 Oct 2026 Retail Research
Trading Idea
CNERGENZ (0246) Shariah Compliant: Yes Entry       : RM1.05–RM1.11 Target      : RM1.30, RM1.40 Exit         : RM0.99
Company Profile. Cnergenz is an electronics manufacturing solutions provider specialising in surface mount technology (SMT) solutions for the electronics and semiconductor industries.
Investment Highlights (i) Levered to the AI server build-out, with earnings visibility (ii) ODM mix shift under way (iii) Smart Factory extends the runway
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 19 Oct 2026 Retail Research
Stock on Radar
KESM INDUSTRIES (9334) Shariah Compliant: Yes Entry       : RM4.60–RM4.76 Target      : RM5.00, RM5.50 Exit         : RM4.38
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 19 Oct 2026 Retail Research
Daily Trade Statistics (Source: Bursa Malaysia)
14 October 2026, Wednesday Trade Statistics | Participation: Volume traded 3.25bil Value traded RM3.04bil Retail: -RM19.60m | 26.3% Institution: +RM104.18m | 38.8% Foreign: -RM84.58m | 34.9%
15 October 2026, Thursday Trade Statistics | Participation: Volume traded 3.06bil Value traded RM3.03bil Retail: +RM32.49m | 25.1% Institution: -RM18.48m | 46.4% Foreign: -RM14.01m | 28.5%
16 October 2026, Friday Trade Statistics | Participation: Volume traded 3.13bil Value traded RM3.27bil Retail: +RM123.54m | 23.9% Institution: -RM70.05m | 44.3% Foreign: -RM53.49m | 31.9%

AmEquities🐪 – 19 Oct 2026 Retail Research
Corporate News (Source: The Edge)
Zetrix AI faces RM2.16 bil sukuk payment obligation if it fails to resolve covenant breach by Oct 22, risking default after MD's forced share sales.
Genting chairman Lim raises deemed stake to 45.24% via private vehicle amid stock sell-off following RM1.25 bil rights issue announcement.
Genting Property partners with Huawei to master-plan Johor Tech Smart City including 430-acre smart campus, marking Huawei's first international smart campus deal.
IOI Properties board has yet to deliberate on CEO's reported exclusive talks to acquire Singapore's Chijmes retail venue and Capitol Kempinski hotel.
Public Bank to take RM1.1 bil goodwill impairment at Hong Kong subsidiary, reducing consolidated net assets and EPS by four sen, proposing privatisation at HK$2.50 per share.
RHB Bank seeks extension from Bank Negara Malaysia to conclude Tokio Marine Asia insurance merger negotiations after meaningful progress on due diligence and commercial terms.
Cape EMS partners with Taiwan's FIC Global to support optical transceiver manufacturing expansion in Johor, raising RM50 mil via Pro3C's subscription of 50 mil RCPS at RM1 each.
Datuk Vijayasundaram acquires 22.872 mil shares in Turiya for RM9.15 mil at 40 sen per share, becoming second-largest shareholder with 9.091% stake.
EGH International falls 16% on ACE Market debut closing at 13.5 sen versus 16 sen IPO price amid weak demand, RM135 mil market cap.
Westports earnings likely beat consensus for 3Q on stronger throughput and value-added services, with first-half core earnings at RM682 mil representing 52% of own FY2026 estimate.
Cosmos Technology wins RM3.93 mil contract to supply data loggers and pressure management equipment to Kedah water operator SADA for four months, third contract in a year.
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 19 Oct 2026 Retail Research
AmBreakfast Note
KLCI fell 0.98% to close at 1,607.76. We maintained the support level at 1,600 and the resistance level at 1,770. Trading volume increased to 3.13bil (3.06bil previously), while trading value was RM3.27bil (RM3.03bil previously). Market breadth remained positive (597 gainers vs 472 losers). Sectors across the board closed negative with plantation (-2.4%), industrial (-2.3%) and construction (-0.6%).
Asian equities staged a broad rebound led by tech and semiconductors—Kospi +3%, Nikkei clawing back losses on Fed AI reassurance—though Indonesia's JSX crashed 10% after MSCI stripped emerging-market status, while Hang Seng posted modest gains and Brent crude held above $105 on Middle East supply tensions.
U.S. markets suffered their worst week since June as Nasdaq fell 2.1% and S&P 500 dropped 1.1%, hit by AI spending doubts and a $1.99 trillion budget deficit that pushed 10-year yields to 5.11%. Hotter-than-expected inflation data and mixed Fed signals left rate-cut optimism stalled, with crude holding near $101-109 on geopolitical pressures.
Today’s Report(s) / Note(s)
ESG – Energy Transition (Neutral) Energy Transition On Track
Stock on Radar: KESM Industries
Trading Idea: Cnergenz
Malaysia KLCI: 1,607.8 (-15.91, -1.0%) FBM Small Cap: 15,613.8 (+0.4%)
Global Markets Dow: 52,002.4 (-175.3, -0.3%) S&P 500: 7,659.4 (-1.1%) NASDAQ: 26,140.0 (-2.1%) Europe STOXX 600: 644.8 (+0.7%) Hang Seng: 24,186.8 (+0.5%) Nikkei 225: 65,324.1 (+1.4%) Straits Times: 5,415.5 (+0.2%) Brent Crude Oil: 109.9 (+4.0%) Crude Palm Oil: 4,769.0 (+3.2%) USD/MYR: 4.0790 (-0.0%)
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 16 Oct 2026 Retail Research
Stock on Radar
OXFORD INNOTECH (0368) Shariah Compliant: Yes Entry       : RM0.50–RM0.51 Target      : RM0.56, RM0.60 Exit         : RM0.45
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 16 Oct 2026 Retail Research
Daily Trade Statistics (Source: Bursa Malaysia)
13 October 2026, Tuesday Trade Statistics | Participation: Volume traded 3.61bil Value traded RM3.32bil Retail: +RM124.95m | 26.8% Institution: -RM112.53m | 43.9% Foreign: -RM12.42m | 29.3%
14 October 2026, Wednesday Trade Statistics | Participation: Volume traded 3.25bil Value traded RM3.04bil Retail: -RM19.60m | 26.3% Institution: +RM104.18m | 38.8% Foreign: -RM84.58m | 34.9%
15 October 2026, Thursday Trade Statistics | Participation: Volume traded 3.06bil Value traded RM3.03bil Retail: +RM32.49m | 25.1% Institution: -RM18.48m | 46.4% Foreign: -RM14.01m | 28.5%

AmEquities🐪 – 16 Oct 2026 Retail Research
Corporate News (Source: The Edge)
Zetrix AI faces police investigation but operations unaffected, pledges full cooperation with authorities.
Bus Cap unaware of corporate developments triggering UMA despite share surge to RM1.26, matters under discussion to be announced when finalised.
Sunway soft-launched Tower C of Sunway Velocity 3 with 98% take-up across first two towers, recorded 100+ online bookings via new digital portal.
AWC won third RM40 mil data centre contract from Gamuda, cementing status as established subcontractor.
CTOS Digital hit new all-time low as Hong Leong and CIMB downgraded to hold, joining Kenanga, analysts warn service restoration won't immediately normalise earnings or rebuild client confidence.
Kimlun and Astaka Padu extend partnership to jointly develop RM450 mil Amora Serviced Residence in Johor Bahru, marking fourth collaboration.
CelcomDigi accepted RM381.75 mil spectrum award from MCMC covering 2x20MHz at 2600MHz and 2x5MHz at 900MHz for four to five years.
Vestland secured RM225.07 mil Kelantan river widening and flood mitigation contract under Integrated River Basin Development project, starting Oct 28.
HeiTech Padu extended RM19.87 mil Immigration Department contract to maintain MyIMMs through Feb 17, 2029 as Malaysia builds replacement NIISe system.
Duopharma Biotech secured exclusive distribution rights for Taiwan's Enimmune hand, foot and mouth disease vaccine across Malaysia, Singapore and Brunei pending regulatory approval.
Mycron Steel withdrew judicial review challenge against government's anti-dumping duty removal following constructive discussion.
HCK Capital launched RM1.8 bil e.Sentral SmartCity in Shah Alam with RM220 mil construction contract to Alphazen for first phase.
JAKS Resources proposed 10% placement raising RM40.71 mil for debt and working capital via 262.63 mil shares at max 10% discount to five-day VWAP.
Citaglobal proposed RM255 mil capital reduction to wipe RM217.72 mil accumulated losses and enable share buyback with RM37.06 mil retained earnings.
PJBumi proposed 10% private placement raising RM31.1 mil for existing and future contracts via independent investors within six months of approval.
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 16 Oct 2026 Retail Research
AmBreakfast Note
KLCI fell 0.25% to close at 1,623.70. We maintained the support level at 1,600 and the resistance level at 1,770. Trading volume decreased to 3.06bil (3.25bil previously), while trading value was RM3.03bil (RM3.04bil previously). Market breadth remained negative (294 gainers vs 852 losers). Sectors across the board closed negative with technology (-3.5%), industrial (-2.0%) and healthcare (-1.7%).
Asian equities suffered broad selloff across tech-heavy indices—KOSPI down 7%, Nikkei 225 off 5%, Shanghai Composite -1.59%—as hotter-than-expected US inflation data (headline 3.7% YoY, driven by energy) reignited Fed rate hike concerns and triggered aggressive de-risking from AI and semiconductor trades across the region.
U.S. markets bounced back with Dow +500 points as rotation out of tech into value and healthcare offset earlier weakness, but the PHLX Semiconductor Index cratered over 10% on structural concerns about AI infrastructure debt-financing costs and crypto liquidations topped $1 billion with Bitcoin sliding toward $81,000. The read-through for Bursa tomorrow is clear: tech exposure gets pressure, defensive positioning favored, and any hint of further Fed tightening will keep regional risk assets pinned.
Today’s Report(s) / Note(s)
Press Metal (BUY, TP:RM8.50) More Than an Aluminium Trade
Infomina (BUY, TP:RM2.25) What’s Next?
Stock on Radar: Oxford Innotech
Malaysia KLCI: 1,623.7 (-4.07, -0.3%) FBM Small Cap: 15,558.4 (-1.6%)
Global Markets Dow: 52,177.7 (+556.2, +1.1%) S&P 500: 7,744.1 (+0.3%) NASDAQ: 26,713.0 (+0.1%) Europe STOXX 600: 640.2 (+0.4%) Hang Seng: 24,062.7 (-1.0%) Nikkei 225: 64,425.7 (-4.9%) Straits Times: 5,403.5 (-0.4%) Brent Crude Oil: 105.7 (-0.4%) Crude Palm Oil: 4,619.0 (-1.8%) USD/MYR: 4.0800 (-0.0%)
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 15 Oct 2026 Retail Research
Stock on Radar
CORAZA INTEGRATED TECHNOLOGY (0240) Shariah Compliant: Yes Entry       : RM1.30–RM1.33 Target      : RM1.50, RM1.60 Exit         : RM1.18
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 15 Oct 2026 Retail Research
Daily Trade Statistics (Source: Bursa Malaysia)
12 October 2026, Monday Trade Statistics | Participation: Volume traded 3.36bil Value traded RM2.92bil Retail: +RM149.08m | 31.2% Institution: -RM43.37m | 39.0% Foreign: -RM105.71m | 29.7%
13 October 2026, Tuesday Trade Statistics | Participation: Volume traded 3.61bil Value traded RM3.32bil Retail: +RM124.95m | 26.8% Institution: -RM112.53m | 43.9% Foreign: -RM12.42m | 29.3%
14 October 2026, Wednesday Trade Statistics | Participation: Volume traded 3.25bil Value traded RM3.04bil Retail: -RM19.60m | 26.3% Institution: +RM104.18m | 38.8% Foreign: -RM84.58m | 34.9%

AmEquities🐪 – 15 Oct 2026 Retail Research
Corporate News (Source: The Edge)
EcoSys shares nearly tripled on ACE Market debut, closing at 80 sen, 196% above 27 sen IPO price, valuing the semiconductor services firm at RM457 mil.
Gamuda joint venture wins RM3.7 bil contract to build Keelung MRT and trackwork in Taiwan, holding 72.84% stake valued at RM2.7 bil.
Epicon's 70%-owned subsidiary accepts RM47.38 mil subcontract from IJM Construction for concrete support beams on NPE2 extension, commencing mid-November and completing end-November 2028.
AWC wins RM40 mil subcontract from Gamuda Engineering for plumbing and sanitary works at hyperscale data centre in Port Dickson, Negeri Sembilan.
JAG buys 15,000-sq-metre freehold industrial land in Shah Alam for RM36.89 mil from Kobe Steel to expand waste management operations.
Genting earmarks RM280 mil from RM1.25 bil rights issue for interest and financing costs, with remaining RM149.5 mil for general working capital.
Infomina posts 26.76% net profit jump to RM10.30 mil in 1Q, driven by 40% revenue surge to RM76.19 mil from technology infrastructure operations.
Bus Cap shares jump 22.61%, triggering Bursa Malaysia UMA query, stock hits RM1.26 intraday high, closing at RM1.22.
IHH Healthcare considers bidding for Malaysian hospital assets being sold by TPG, competing against Blackstone, EQT, KKR and Warburg Pincus with first-round bids due end-month.
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 15 Oct 2026 Retail Research
AmBreakfast Note
KLCI rose 0.27% to close at 1,627.72. We maintained the support level at 1,600 and the resistance level at 1,770. Trading volume decreased to 3.25bil (3.61bil previously), while trading value was RM3.04bil (RM3.32bil previously). Market breadth remained positive (540 gainers vs 532 losers). Sectors across the board closed positive with healthcare (+2.8%), transportation (+1.1%) and plantation (+1.0%).
Asian equities declined across the region following a hotter-than-expected U.S. CPI print that stoked Fed rate-hike fears, with Shanghai sliding 0.9% on AI cooling and trade friction, while semiconductor giants Samsung and SK Hynix surrendered early gains, and the Nikkei edging lower by 0.1% as BoJ signaled no back-to-back hikes in October.
U.S. markets suffered their steepest drop since July as the S&P 500 fell 1.1% and the Nasdaq sank 1.9% on inflation shock and aggressive Fed tightening bets. The semiconductor index crashed 4.3% as investors fled AI infrastructure plays amid concerns that higher rates will choke capex. The 10-year Treasury yield spiked intraday to 5.33%, and Bank of America shares dropped on a $1.2 billion regulatory penalty plus weak Q3 earnings.
Today’s Report(s) / Note(s)
GAMUDA (HOLD, TP:RM4.40) More Track, Limited Traction
Stock on Radar: Coraza Integrated Technology
Malaysia KLCI: 1,627.7 (+4.38, +0.3%) FBM Small Cap: 15,818.1 (+0.3%)
Global Markets Dow: 51,621.5 (-48.6, -0.1%) S&P 500: 7,718.9 (-1.1%) NASDAQ: 26,692.9 (-1.9%) Europe STOXX 600: 637.8 (+0.4%) Hang Seng: 24,314.2 (-0.1%) Nikkei 225: 67,744.1 (0.0%) Straits Times: 5,423.3 (-0.1%) Brent Crude Oil: 106.1 (-0.2%) Crude Palm Oil: 4,700.0 (+0.4%) USD/MYR: 4.0810 (-0.1%)
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 14 Oct 2026 Retail Research
Stock on Radar
PENTECH HOLDINGS (0457) Shariah Compliant: Yes Entry       : RM0.35–RM0.36 Target      : RM0.40, RM0.45 Exit         : RM0.33
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 14 Oct 2026 Retail Research
Daily Trade Statistics (Source: Bursa Malaysia)
9 October 2026, Friday Trade Statistics | Participation: Volume traded 3.33bil Value traded RM2.90bil Retail: -RM10.51m | 29.1% Institution: +RM24.53m | 43.5% Foreign: -RM14.02m | 27.4%
12 October 2026, Monday Trade Statistics | Participation: Volume traded 3.36bil Value traded RM2.92bil Retail: +RM149.08m | 31.2% Institution: -RM43.37m | 39.0% Foreign: -RM105.71m | 29.7%
13 October 2026, Tuesday Trade Statistics | Participation: Volume traded 3.61bil Value traded RM3.32bil Retail: +RM124.95m | 26.8% Institution: -RM112.53m | 43.9% Foreign: -RM12.42m | 29.3%

AmEquities🐪 – 14 Oct 2026 Retail Research
Corporate News (Source: The Edge)
Sime Darby subsidiary hit with RM150.18 mil tax bill for 2017–2023, company plans to appeal and pursue legal challenge.
Kelington wins RM128 mil contract to design and build water and wastewater systems for data storage facility in Kuching.
Critical contract value raised 49% to RM226.68 mil from RM152.59 mil after scope modification, cleanroom facility at Kulim due Dec 25.
Censof secures RM10.8 mil, 24-month financial management system contract with Malaysian Cooperative Commission starting Nov 2, 2026.
Lianson Fleet buys third Ultramax bulk carrier for US$23 mil to diversify beyond offshore support vessels.
Pantech Global sells 10-acre Klang freehold land acquired under two years ago for RM31.73 mil, proceeds fund new factory land and working capital.
HIS TIZA Pahang acquires 30% stake in Mentiga for RM21 mil, a 72.41% premium to market price.
Binasat Communications proposes private placement of up to 60.43 mil shares (10% of issued) to fund existing and future contracts.
CTOS Digital expects cybersecurity breach to cut FY2026 profit by RM12 mil and revenue by RM16 mil, key services temporarily unavailable through mid-October.
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.

AmEquities🐪 – 14 Oct 2026 Retail Research
AmBreakfast Note
KLCI rose 0.33% to close at 1,623.35. We maintained the support level at 1,600 and the resistance level at 1,770. Trading volume increased to 3.61bil (3.36bil previously), while trading value was RM3.32bil (RM2.92bil previously). Market breadth remained negative (381 gainers vs 814 losers). Sectors across the board closed negative with technology (-4.1%), construction (-0.9%) and telecommunication (-0.9%).
Asian equities closed sharply lower across the region as chipmaker and technology stocks tumbled on AI boom sustainability concerns, with South Korea's Kospi plunging 6%, Japan's Nikkei 225 sliding 2.5–2.7%, and Hong Kong's Hang Seng eking out a 0.3% gain on its third consecutive day of resilience, though the Hang Seng Tech Index remained pressured.
U.S. markets finished marginally lower as semiconductor weakness dragged major indices down following severe losses from South Korean memory manufacturers and competitive threats from Chinese chip makers. Big bank earnings kicked off mixed with JPMorgan Chase posting a rare profit miss on investment banking fee declines, while healthcare sector slumped over 1% on notable downgrades. Fed rhetoric from New York Fed President John Williams calmed rate-hike fears, signaling no further increases likely beyond one more hike this year.
Today’s Report(s) / Note(s)
PUBLIC BANK (BUY, TP:RM5.60) Old Flame, New Spark
Stock on Radar: Pentech Holdings
Malaysia KLCI: 1,623.4 (+5.34, +0.3%) FBM Small Cap: 15,777.1 (-0.9%)
Global Markets Dow: 51,670.1 (-180.5, -0.3%) S&P 500: 7,805.5 (0.0%) NASDAQ: 27,204.4 (-0.2%) Europe STOXX 600: 635.0 (-0.1%) Hang Seng: 24,345.2 (+0.3%) Nikkei 225: 67,777.3 (-1.8%) Straits Times: 5,430.5 (+0.3%) Brent Crude Oil: 106.3 (+0.2%) Crude Palm Oil: 4,682.0 (+1.0%) USD/MYR: 4.0840 (+0.1%)
Disclaimer: This message is for information purposes only and is not intended to be distributed to any third party. It does not construe as an offer/a solicitation/a recommendation to buy/sell any stocks. Please consult your own independent adviser(s) before investing in any stocks and no responsibility or liability can be accepted for any loss or damage that may arise from the reliance of this message. The information herein constitutes our findings as of this date and is subject to change without notice.