M+ Global Market Update – 26Aug26
Global Tech Rebound to Support Bursa
US: We expect Wall Street to stay positive, supported by easing Treasury yields and oil prices. We believe investors are likely to stay focused on Nvidia’s 2QFY27 results for confirmation of sustained AI demand and data centre spending. Stock-wise, we favour NVDA, AMD, and AVGO as potential beneficiaries of renewed momentum in the AI and semiconductor space. Investors will also monitor upcoming PCE inflation data for further clues on the Fed’s rate trajectory, while geopolitical developments remain a key risk. Also, we like BE and related power utility generation stocks that could benefit from the data centre and AI theme.
MY: Closer to home, the FBM KLCI is expected to open firmer following Wall Street’s overnight rebound, supported by easing Treasury yields and softer oil prices. The Technology sector may benefit from recovering semiconductor sentiment. Meanwhile, AUMAS, CPETECH, MCLEAN, and NATGATE have each staged technical breakouts, underpinned by their respective catalysts: AUMAS by elevated gold prices, CPETECH by stronger 4QFY26 earnings and capacity expansion, MCLEAN by continued earnings momentum following a 36.3% YoY rise in 2QFY26 profit, and NATGATE by potential benefits from proposed US restrictions on Chinese-made optical transceivers, strengthening its data centre positioning
Stocks to watch:
Technology *CPETECH*, MCLEAN, *PIE*, *SCOMNET*
Consumer: GCB, *KOPI*
Automotive: *FEYTECH*
Building material: *SKBSHUT*
**Source: M+ Global**
August 26, 2026 3.4K 25
