PETD
Low-risk tourism catch-all
PETD benefits from increased flights without any load factor or yield risk, unlike airlines.
Ben Shane Lim
AAX
High-leverage tourism proxy
AAX will be reactivating the entire AirAsia fleet by 2Q26
Strategy
Visit Malaysia plays
The government is targeting 47million visitors in 2026.
KJTS
MUSB acquisition deadline jitters
KJTS's share price fell 27% on worries the MUSB deal could fall through.
KJTS
Regional datacenters on the horizon
KJTS is partnering with a China State Construction Engineering subsidiary to pursue cooling projects in the region.
Strategy
Politics, policy, profits - v1
Bersatu's departure from PN is kicking off a period of increased political uncertainty ahead of GE16 in late-2027.
Greenergy
Greenfield, Green-Steam
Transitioning from a renewable energy EPCC to asset ownership should justify a re-rating towards the ~20x PER's enjoyed by peers.
LSH Capital
4QFY25 - Meeting Expectations
LSH continues to build a track record of sustained high-margin construction earnings.
Malaysia
Solid Headline Growth
GDP is well on-track to hit the 4.5% target, following the robust 3Q print. However, the momentum in underlying growth is a little soft, especially for domestic consumption.
DESTINI
Cessation of Coverage
We cease coverage on Destini and our recommendation on the stock should no longer be relied upon. Our last target price was RM0.65.
LSH Capital
Rapid Scale-Up on High Margins
In a sector with arguably elevated valuations, we foresee LSH distinguishing itself with a combination of robust orderbook growth and sector-leading margins.
DESTINI
Missed deadline resurfaces old concerns
Regulators will suspend Destini on 10 Nov for missing the 31 Oct deadline for issuing the FY25 audited accounts and annual report.