Malaysia Morning Wrap | Alliance Bank Malaysia Posts Best Quarterly Results in Three Years
Key Takeaways:
• Wall Street Rallies as Bets on Rate Cuts Grow
• Bursa Malaysia Ends Lower as Domestic Uncertainties Keep Investors Cautious
• Malaysia September Leading Indicators Up on Year
• Stocks to watch: Alliance Bank Malaysia, Hong Leong Industries, etc.
🇺🇸Wall Street Summary
$S&P 500 Index (.SPX.US)$ 6,765.88 (+0.91%)
$Dow Jones Industrial Average (.DJI.US)$ 47,112.45 (+1.43%)
$Nasdaq Composite Index (.IXIC.US)$ 23,025.59 (+0.67%)
Wall Street’s winning streak rolled on Tuesday, with the Dow leading the way after a batch of data reinforced bets that the Federal Reserve will deliver one last rate cut in December. A tech wobble kept the Nasdaq in check, however, as AI bellwether $NVIDIA (NVDA.US)$ sagged.
The $S&P 500 Index (.SPX.US)$ gained 60.76 points, or 0.91%, to end at 6,765.88 points, while the $Nasdaq Composite Index (.IXIC.US)$ gained 153.59 points, or 0.67%, to 23,025.59. The $Dow Jones Industrial Average (.DJI.US)$ rose 664.18 points, or 1.43%, to 47,112.45.
A wave of economic data has landed, most of it reinforcing expectations that the Federal Open Market Committee will trim the fed-funds target by 25 basis points at its next meeting. The catch: the official figures are dated, delayed by the recent government shutdown.
Commerce’s September retail-sales print and Labor’s producer-price index both showed softer spending and ebbing inflation. Fresher numbers from the Conference Board revealed consumer confidence sliding more than forecast, with near-term expectations down almost 12 %.
At the last Fed meeting, Jerome Powell signaled the central bank would likely stay put at its next gathering, citing scant fresh data, noted Paul Nolte, market strategist at Murphy & Sylvest in Elmhurst, Illinois. “Since then, Fed officials have taken to the podium, and the message has swung from ‘no move in December’ to ‘we must cut in December’ amid signs of pronounced labor-market softening.”
🇲🇾Bursa Market Insight
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ 1611.74 (-0.43%)
The $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ closed down 7.04 points, or 0.43% at 1,611.74. The FBM KLCI ended Tuesday in negative territory, with investor sentiment staying guarded amid lingering domestic uncertainties.
The Department of Statistics Malaysia (DOSM) reported on Tuesday that Malaysia’s Leading Index climbed to 113.3 in September, up from 112.4 a year earlier. DOSM attributed the upturn to a 16 % surge in new company registrations and a 15.8 % rise in real semiconductor imports over the same month.
Digital Minister Gobind Singh Deo has urged Malaysian companies to transform themselves into AI-driven organisations within the next five years, warning that the nation risks being left behind as rivals accelerate their adoption of intelligent technologies.
Speaking on Tuesday, Gobind said the window to establish robust infrastructure, data ecosystems and a skilled workforce is narrowing, and the decisions Malaysia makes in the next 60 months will decide its global competitiveness. Although internet connectivity has advanced, he noted that poor data quality, uneven digitisation and limited compute capacity still block large-scale AI deployment.
The Ministry of Finance (MOF) stated that the government has no intention of revisiting the scope of the sales and service tax (SST), as its rollout already incorporates carefully designed, targeted, and progressive relief measures.
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🔔Stocks to Watch
$ABMB (2488.MY)$ posted its strongest quarterly results in three years, driven by higher income and reduced bad-debt provisions. Net profit for the quarter ending Sept 30, 2025, rose 9% year-on-year to RM206.56 million. The bank also announced a first interim dividend of 9.37 sen per share, payable on Dec 30.
$HLIND (3301.MY)$ achieved a record quarterly profit, with net earnings rising 10.2% year-over-year to RM154.9 million for the quarter ending Sept 30, 2025. This growth was fueled by a 5.8% increase in revenue to RM983.4 million, driven by strong motorcycle demand and lower raw material costs due to favorable currency shifts.
$TAKAFUL (6139.MY)$ delivered its best quarterly profit in almost four years. Q3 2025 net profit rose 15 % YoY to RM 115 million, lifted by a nine-fold surge in investment income (RM 153 million) from equity gains, which more than offset a 6 % drop in revenue to RM 1.05 billion caused by lower premiums and weaker short-term life-insurance results.
$SCGBHD (0225.MY)$ achieved record-high quarterly earnings for Q3 2025, with net profit nearly doubling year-on-year to RM35.72 million. Revenue rose 16.4% to RM446.46 million, driven by increased sales and a favorable product mix.
In 4QFY2025, $LSH (0351.MY)$’s net profit rose 5.2% to RM34.6 million, driven by higher-margin building-material sales and its new facilities-management division. Revenue surged 60.7% to RM135.5 million, lifted by ongoing construction work, progress at the LSH Segar development, and new income from managing the Kuala Lumpur Tower and River of Life’s Kolam Biru.
$WENTEL (0298.MY)$ reported an 80.8% surge in Q3 2025 net profit to RM6.18 million, up from RM3.42 million a year ago, driven by a 32.8% revenue increase to RM38.44 million and reduced costs.
$WCT (9679.MY)$’ Q3 2025 profit plunged 94 % YoY to RM10.6 million (from RM173 million) on lower other income and weaker JV contributions; EPS shrank to 0.68 sen. Revenue still grew 10 % to RM482.6 million.
$D&O (7204.MY)$ reported a record quarterly loss of RM169 million for Q3 2025, mainly due to a one-off inventory impairment of RM250 million. Revenue fell 6.1% year-on-year to RM257 million, as automakers adjusted orders amid trade policy and tariff uncertainties.
$FAVCO (7229.MY)$ has won four orders worth RM79 million for tower and offshore cranes. Two of the contracts, involving tower cranes for Marr Contracting and G A Caelli Holdings Trust, will be fulfilled by its Australian unit and are scheduled for delivery in Q2 next year.
$DENGKIL (0347.MY)$ has been awarded a RM16.15 million subcontract for flood mitigation works in Sepang, Selangor.
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Source: Dow Jones Newswires, Bursa Malaysia, The Malaysian Reserve, The Star, The Edge.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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