Malaysia Morning Wrap | Maybank Unveils ROAR30 Plan, Targeting Higher ROE, NOII Growth and RM10b Tech Investment by 2030
Key takeaways:
• U.S. Stocks Slide on Fears of New U.S.-Europe Trade War Over Greenland
• FTSE Bursa Malaysia Index Falls 0.77% Amid Broad-Based Selling and Cautious Regional Sentiment
• FTSE Bursa Malaysia Index Falls 0.77% Amid Broad-Based Selling and Cautious Regional Sentiment
• Malaysia Market Weak as 2026 Export Growth Seen Cooling
• Stocks to watch: Malayan Banking Bhd,IJM,etc
🇺🇸 Wall Street Summary
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all fell by around or more than 2% on Tuesday, as fears of a fresh U.S.-European trade war linked to Greenland rattled major multinational stocks including $Amazon (AMZN.US)$, $Tesla (TSLA.US)$and $NVIDIA (NVDA.US)$.
The $Nasdaq Composite Index (.IXIC.US)$ dropped 561.07 points, or 2.4%, to close at 22,954.32. The $S&P 500 Index (.SPX.US)$ declined 143.15 points, or 2.1%, to 6,796.86, while the $Dow Jones Industrial Average (.DJI.US)$ slid 870.74 points, or 1.8%, to finish at 48,488.59.
The broad-based sell-off came after U.S. President Donald Trump used the three-day U.S. holiday weekend to threaten significant new tariffs on European countries that oppose his bid to add Greenland to U.S. territory. Trump warned of tariffs of up to 25% on eight European nations unless they back his efforts, and later threatened duties of 200% on French champagne and other wines.
In response, European Union leaders said they would consider retaliatory tariffs on U.S. goods, fueling concerns of an escalating transatlantic trade conflict. The renewed trade tensions hit large U.S. multinationals hard, with Big Tech stocks among the worst performers.
🇲🇾 Bursa Malaysia Market Insights
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ 1,699.06 (-0.77%)
The $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ closed 13.27 points, or 0.77% lower at 1,699.06, after moving between an intraday high of 1,711.02 and a low of 1,695.81. All sector indices on Bursa Malaysia finished in negative territory.
Market breadth was weak, with 786 decliners outnumbering 296 gainers, translating into a breadth ratio of 0.38 and underscoring broad-based selling pressure. Turnover totaled 2.86 billion shares, with a value of RM2.86 billion.According to dealers, overall sentiment remained cautious amid persistent weakness across regional markets, leading many investors to adopt a wait-and-see stance.
Malaysia's export momentum is expected to slow in 2026 despite a record performance in 2025, when exports rose 6.5% to an all-time high of RM1.61 trillion and total trade surpassed RM3.1 trillion. Economists attribute the weaker outlook to renewed US tariffs, heightened geopolitical risks, a high base and the fading boost from front-loading activities seen last year.
The International Monetary Fund (IMF) has raised its forecast for Malaysia's real GDP growth to 4.3% for both 2026 and 2027, an upward revision of 0.3 percentage points from its October 2025 projections. The IMF now expects Malaysia to grow 4.6% in 2025, after an estimated 5.1% expansion in 2024. Globally, growth is projected at 3.3% in 2026 and 3.2% in 2027.
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🔔 Stocks to watch
$MAYBANK (1155.MY)$ has set a return on equity target of 13-14% by 2030, from 11.5% currently under its new five-year plan ROAR30. The bank also targets a 9% increase in non-interest income (NOII) over the next five years, driven by core fee income growth of 6-7%, and aims to raise its NOII ratio to 39% from the current 35%. It is also set to invest RM10 billion in technology over the next five years.
$KKB (9466.MY)$ has secured six contracts worth a total of RM80 million to supply steel pipes, fittings, poles and galvanised structural components. It received orders from QC Construction & Engineering Sdn Bhd, Bumia Sdn Bhd and EPR (Kuching) Sdn Bhd for the supply of mild steel cement-lined (MSCL) pipes and specials.
$ICTZONE (0358.MY)$ has received a RM17.29 million purchase order to lease information and communication technology (ICT) hardware and software for a five-year period. The leasing contract, awarded by Juricco Holding Sdn Bhd, covers laptops, desktops and related peripheral devices, which Juricco will subsequently deliver to an undisclosed government agency.
$RL (0219.MY)$ has secured multiple work orders from Roc Oil (Sarawak) Sdn Bhd from 2025 until 2029. It was appointed as a panel contractor for the provision of integrated well continuity services for intervention, work over and abandonment.
$MITRA (9571.MY)$ said the contract awarded by the Malaysian unit of Australia's NEXTDC Ltd has been increased to RM844.66 million from RM801.8 million announced in September last year, following a latest variation order.
💡 Buy or sell?
Source: Dow Jones News, Bursa Malaysia, The Edge
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Slay2dudes : ok
101628797kammalranM : small cap holders dying and fully was manipulated ma
rket ,,
101628797kammalranM : technology companies all gone in bursa ,,,