Top Stories
Company Results | Alpha IVF Group (ALPHA MK/BUY/RM0.26/Target: RM0.33)
Earnings came in within expectations as regional operations saw increased contributions, supporting revenue growth. Gestating facilities against the absence of start-up costs incurred in the preceding quarter led to a partial recovery in margins. Maintain BUY as Alpha IVF offers exciting regional growth. Target price is unchanged at RM0.33.
Company Results | Pavilion REIT (PREIT MK/BUY/RM1.75/Target: RM2.10)
2Q26 results are within our expectations, with a dividend of 2.37 sen declared. Retail fundamentals remained healthy, with positive rental reversions and tenant sales, while management expects a better 3Q26 qoq amid improving occupancies, tourist footfall, and ongoing mid-year sales. Recurring electricity tariff savings provide an additional earnings and margin tailwind. Maintain BUY with an unchanged target price of RM2.10. PREIT currently offers a dividend yield of 5.9%/6.1% for 2026/27 respectively.
Company Results | Westports Holdings (WPRTS MK/HOLD/RM6.69/Target: RM6.50)
1Q26 profit and EBITDA missed expectations on sharper-than-expected decline in average DCR. The maiden asset-light rig approach from May 26 is positive, but not sufficient to alter a weaker 2Q26 outlook which will have more idle periods than initially expected. Our forecast adjustments after lowering DCR prompt 2026F DPS cuts by 12%, but the latter still offers a yield of 13%. We still like VEB’s long-term strategy of asset-light approach and its ambitions to be technology leader. Retain HOLD, target price: RM6.50.
Market Spotlight
- The FBMKLCI rose 3.22pt to close at 1,714.59 yesterday in a mixed trading day as a lack of domestic catalysts saw the index move in tandem with regional peers.
- US stocks were lower after the close on Thursday, as losses in the consumer goods, telecommunications and consumer services sectors led shares lower
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
SNS Network Technology | SNS MK
Trading Buy Range: RM0.53-0.54
Theta Edge | THETA MK
Trading Buy Range: RM0.595-0.60
Thong Guan Industries | TGI MK
Trading Buy Range: RM1.51-1.52
Top Stories
Company Results | Alpha IVF Group (ALPHA MK/BUY/RM0.26/Target: RM0.33)
Earnings came in within expectations as regional operations saw increased contributions, supporting revenue growth. Gestating facilities against the absence of start-up costs incurred in the preceding quarter led to a partial recovery in margins. Maintain BUY as Alpha IVF offers exciting regional growth. Target price is unchanged at RM0.33.
Company Results | Pavilion REIT (PREIT MK/BUY/RM1.75/Target: RM2.10)
2Q26 results are within our expectations, with a dividend of 2.37 sen declared. Retail fundamentals remained healthy, with positive rental reversions and tenant sales, while management expects a better 3Q26 qoq amid improving occupancies, tourist footfall, and ongoing mid-year sales. Recurring electricity tariff savings provide an additional earnings and margin tailwind. Maintain BUY with an unchanged target price of RM2.10. PREIT currently offers a dividend yield of 5.9%/6.1% for 2026/27 respectively.
Company Results | Westports Holdings (WPRTS MK/HOLD/RM6.69/Target: RM6.50)
1Q26 profit and EBITDA missed expectations on sharper-than-expected decline in average DCR. The maiden asset-light rig approach from May 26 is positive, but not sufficient to alter a weaker 2Q26 outlook which will have more idle periods than initially expected. Our forecast adjustments after lowering DCR prompt 2026F DPS cuts by 12%, but the latter still offers a yield of 13%. We still like VEB’s long-term strategy of asset-light approach and its ambitions to be technology leader. Retain HOLD, target price: RM6.50.
Market Spotlight
- The FBMKLCI rose 3.22pt to close at 1,714.59 yesterday in a mixed trading day as a lack of domestic catalysts saw the index move in tandem with regional peers.
- US stocks were lower after the close on Thursday, as losses in the consumer goods, telecommunications and consumer services sectors led shares lower
Technical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
SNS Network Technology | SNS MK
Trading Buy Range: RM0.53-0.54
Theta Edge | THETA MK
Trading Buy Range: RM0.595-0.60
Thong Guan Industries | TGI MK
Trading Buy Range: RM1.51-1.52
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