Plantations
Likely speedbumps for CPO’s windfall year
With CPO over RM4,500/MT, planters will have a windfall year. But what could temper the bullishness?
Ben Shane Lim
Strategy
A two-week ceasefire
Malaysia Strategy Disclaimer: By using this information, you acknowledge that you are solely responsible for evaluating the merits and risks of any investment decision and agree not to hold NewParadigm Research liable for any damages arising from such decisions. Key Takeaways * US and Iran have declared a 2-week ceasefire
PETD
Demand curtailment presents buying opportunity
The government's WFH policy might only trim fuel demand by ~1.5% at best.
Macro & Strategy
Coal as a source of resilience
MCement is oversold on fears of higher coal prices.
KJTS
Stonepeak project on the horizon
Upgrade TP to RM0.86 to reflect iHandal acquisition.
Strategy
Long-term downside risks emerging
MISC has 4 LNGCs chartered to QatarEnergy.
Strategy
Two ideas if the war goes long
Markets have begun to price in a protracted war.
LSH Capital
Crossing RM1bn orderbook
LSH is leveraging collaboration agreements to add RM600m to its order book.
Strategy
War in the Middle East
Shipping through the Strait of Hormuz has been frozen due to the war.
FRONTKEN
4Q25 - Forex translation drag
The ringgit strengthened by ~6% against the Taiwanese dollar, resulting in a forex translation drag.
Strategy
Politics, policy, profits - v2
The Sarawak Government's petition to the Federal Court marks a material escalation in the ongoing State-Federal dispute.
Greenergy
4Q25 - Meeting expectations
4Q25 results were in-line with ours/consensus expectations