Deleum Bhd (DELEUM) history dated back to 1982 and has evolved into a major upstream oil & gas player that offers power and machinery (P&M) business through a joint venture, provision of oilfield services (OS) and integrated corrosion solutions (ICS).

The FBM KLCI drifted lower last Friday in tandem with most of the regional markets as persistent selling pressure were noticed following the elevated inflation data in the European region. With the global investors reassessing the risks of interest rate hikes by the US Feds moving forward, growth stocks may see some selling pressure. Nevertheless, we believe traders on the local bourse may remain cautiously optimistic amid the earnings season, while monitoring Malaysia’s inflation rate that will be released this Friday.

Given AME’s strong historical track record and their position as an integrated industrial property specialist, we reckon that AME will be able to replicate their success of i-Parks that are equipped with custom-built industrial properties and workers dormitories in Johor into their northern venture. This also marks the first step of AME’s geographical diversification into other states in Malaysia.

The FBM KLCI extended losses amid weaker sentiment across the regional markets as investors continued to digest recent gains. Given the US markets are still finding its direction, we believe the local bourse may take a breather amid softer inflow of foreign funds and the FBM KLCI might be resisted along its SMA200 zone. Investors will be focusing on the ongoing reporting season to position themselves in the stock markets.

The FBM KLCI saw a mild setback despite a bullish momentum across the regional markets; KLCI’s earlier gains faded in the afternoon session. In view of the softer Wall Street performance, sentiment on the local bourse may turn cautious as attention shifted back to the US Fed’s interest rate policy following the release of the Fed’s July meeting minutes. Nevertheless, investors may look out on the upcoming earnings season, stocks with solid earnings growth under this environment will be on the focus.

Cost wise, both soybean and maize prices continued its uptrend move QoQ, driven by the supply disruptions arising from Russia-Ukraine conflict, global fertiliser price hike as well as increased freight cost. The continued elevated feed price, coupled with the price control scheme have hit TEOSENG’s margin despite the cushion of egg subsidy from the government.

Ramssol Group Bhd (RAMSSOL) is regarded as a human capital management (HCM) solution and technology specialist provider. Some their key customers include notable entities such as Capitaland Ltd, RHB Bank Bhd, National University of Singapore, Paramount Corporation Bhd, ThaiFoods Group PLC and Export Import Bank of Thailand.

The FBM KLCI staged a strong breakout, mainly fuelled by buying interest in the telecommunication heavyweights, coupled with the healthy inflow of foreign funds; 5-day net foreign buying stood at RM719.8m. While the global markets may keep an eye on UK’s inflation to gauge the global recession risk, we believe the local bourse should remained positive in the upcoming earnings season as the international border was uplifted in April.