NPS
Transfer of coverage
Recommendations maintained
Team coverage
Uzma
Depressed valuations present opportunity
Uzma is steeply discounted, with an O&G catalyst and satellite concession yet to be priced in.
LSH Capital
Pricing in the margin pressure
LSH is only trading at implied single digit PER.
Autos
Steep post-festive rebound in April
Automotive sales were soft in 1Q26, with SIME hurt the most.
MFGROUP
Headcount-led growth
Manforce is moving up from the LEAP to the ACE market on 6 May.
EXSIM
Short-term stay with long-term growth
EXSIM HOSPITALITY EXSIMHB | 1287.KL NOT RATED (as at 12 February 2026) Fair value: RM0.33 Last price: RM0.275 Market cap (RMm): RM604m Shares out: 2,322m 52-week range: RM0.22 / RM0.29 3M ADV: RM0.4m T12M returns: 13% Disclaimer: By using this information, you acknowledge that
LWSABAH
Not just a Sabah tourism play
Life Water is the dominant bottled water player in Sabah.
AGX
Aviation activity proxy
AGX runs logistics for MRO parts, support major carriers like Malaysia Airlines, AirAsia and VietJet
GENM
Despite tailwinds, expectations are low
GENM has lost -15% since the GO failed with little value placed on the tourism upside nor the NYC casino license.
Non-Rated
Tapping the excursionist trend
Roughly 1m Singaporean day-trippers visit Malaysia each month and Kopi has 7 outlets in JB.
SPZ
Margin & FX upside on VM26 tailwinds
Spritzer should enjoy lower resin costs from the stronger ringgit and SST exemption.
Strategy
Visit Malaysia plays
The government is targeting 47million visitors in 2026.