EXSIM
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 you
Greenergy
4Q25 results were in-line with ours/consensus expectations
LWSABAH
Life Water is the dominant bottled water player in Sabah.
AGX
AGX runs logistics for MRO parts, support major carriers like Malaysia Airlines, AirAsia and VietJet
GENM
GENM has lost -15% since the GO failed with little value placed on the tourism upside nor the NYC casino license.
Non-Rated
Roughly 1m Singaporean day-trippers visit Malaysia each month and Kopi has 7 outlets in JB.
SPZ
Spritzer should enjoy lower resin costs from the stronger ringgit and SST exemption.
KJTS
Loss of the MUSB contract will hurt KJTS' earnings outlook.
PETD
PETD benefits from increased flights without any load factor or yield risk, unlike airlines.
AAX
AAX will be reactivating the entire AirAsia fleet by 2Q26
Strategy
The government is targeting 47million visitors in 2026.
KJTS
KJTS's share price fell 27% on worries the MUSB deal could fall through.
KJTS
KJTS is partnering with a China State Construction Engineering subsidiary to pursue cooling projects in the region.
ABLE
Able could deliver double digit growth - a potential catalyst to return to pre-MACC valuations.
Strategy
Bersatu's departure from PN is kicking off a period of increased political uncertainty ahead of GE16 in late-2027.
Greenergy
Transitioning from a renewable energy EPCC to asset ownership should justify a re-rating towards the ~20x PER's enjoyed by peers.
LSH Capital
LSH continues to build a track record of sustained high-margin construction earnings.
Malaysia
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
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
In a sector with arguably elevated valuations, we foresee LSH distinguishing itself with a combination of robust orderbook growth and sector-leading margins.
DESTINI
Regulators will suspend Destini on 10 Nov for missing the 31 Oct deadline for issuing the FY25 audited accounts and annual report.
FRONTKEN
Management provided more clarity on potential M&A opportunities, with 3 deals being explored.
Pan Merchant
PMI has not put its best foot forward post-listing, touching a low of -33% vs IPO price and posting sluggish 1H25 earnings.
Budget 2026
Considering fiscal limitations, we are overall positive on Budget 2026, even if market impact might be low.