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馬來西亞股市收跌,反映區域整體情緒;ECA綜合解決方案上漲6%

-- 馬來西亞股市本週收跌,與區域整體疲軟的趨勢一致。由於油價持續上漲給經濟帶來壓力,投資者未能找到正面的訊號。 富時馬來西亞吉隆坡綜合指數下跌1.36點,收跌0.1%,報1720.34點。當日交易區間為1719.73點至1724.30點。 經濟方面,馬來西亞統計局(DOSM)表示,馬來西亞領先指標2月年增0.5%,從去年同期的112.5點升至113.1點,顯示經濟成長溫和。此指標衡量未來經濟走向。 同時,反映當前經濟狀況的同步指標較去年同期上漲1.6%,至129.4點,但季減1.4%。 根據《星報》報道,馬來西亞總理安瓦爾·易卜拉欣敦促私營部門採取靈活的工作安排,以降低成本並保持生產力。他表示,雇主應拋棄過時的做法,轉向自動化,因為這些措施有助於降低燃料消耗,並減輕企業和員工的成本壓力。 在公司新聞方面,ECA Integrated Solution(吉隆坡證券交易所代碼:ECA)的股價在周五收盤時上漲了6%,此前該公司宣布計劃透過擬進行的私募配售,發行至多10%的現有股份,以籌集至多980萬令吉。該公司還提議推出員工持股計畫(ESOS),涵蓋最多15%的股份,以留住並激勵員工和董事。 另一方面,Petra Energy(吉隆坡證券交易所代碼:PENERGY)的股價在收盤時下跌超過1%,此前其子公司Petra Energy Development獲得了一份合同,將為砂拉越近海SK407生產分成合同提供現場運營管理服務。

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Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.

$OTIS
Asia Markets

Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled

The Tadawul All Share Index closed Sunday 0.11% higher as investors assessed the latest updates regarding the conflict in the Middle East.US President Donald Trump said on his Truth Social account that the Pakistani trip for his envoys, Steve Witkoff and Jared Kushner, was canceled. The announcement dimmed the hopes for peace talks between Iran and the US to happen any time soon.Further to this, Israel launched an attack in Lebanon on April 25. The strikes, which targeted Hezbollah, resulted in four casualties and facility damage in Southern Lebanon.Back at home, Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, and Thob Al Aseel (SASE:4012) posted their financial results for the three months ended March 31. Petro Rabigh emerged from a loss in the first quarter, while Thob Al Aseel logged a higher net profit and revenue."The reason for net profit reported during the current quarter compared to a net loss recorded in the same quarter of last year was primarily attributable to improved product margins resulting from stronger refined product pricing and higher sales volumes," Petro Rabigh said in its report.Petro Rabigh rose 10% at closing, while Thob Al Aseel ticked down 1.59%.Meanwhile, the local calendar will be mostly empty except for the kingdom's preliminary figures for its GDP growth rate for the first quarter and the M3 money supply and private bank lending data for March on Thursday.

$^TASI$SASE:2380$SASE:4012
Research

Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.

$URI