Strategy
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
The government's WFH policy might only trim fuel demand by ~1.5% at best.
Macro & Strategy
MCement is oversold on fears of higher coal prices.
KJTS
Upgrade TP to RM0.86 to reflect iHandal acquisition.
Strategy
MISC has 4 LNGCs chartered to QatarEnergy.
Strategy
Markets have begun to price in a protracted war.
LSH Capital
LSH is leveraging collaboration agreements to add RM600m to its order book.
Strategy
Shipping through the Strait of Hormuz has been frozen due to the war.
FRONTKEN
The ringgit strengthened by ~6% against the Taiwanese dollar, resulting in a forex translation drag.
Strategy
The Sarawak Government's petition to the Federal Court marks a material escalation in the ongoing State-Federal dispute.
Greenergy
4Q25 results were in-line with ours/consensus expectations
KJTS
Loss of the MUSB contract will hurt KJTS' earnings outlook.