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According to Golden Ten Data on June 23, TA Securities analyst Shazma Juliana Abu Bakar stated in a report that Malaysia’s recent diesel subsidy reform is likely to have a minimal direct effect on inflation, as most eligible diesel users will continue to receive subsidized fuel and logistics operators will also be protected. Starting July 1, Malaysia will set diesel prices nationwide according to market rates, and eligible citizens will be able to purchase subsidized diesel at 2.10 ringgit per litre. The analyst expects transport costs and broader price pressures to remain within controllable limits, noting diesel accounts for only 0.2% of the Consumer Price Index (CPI) basket. She added that this reform should help maintain household purchasing power, but the overall impact on consumption could be limited due to the relatively small group of beneficiaries. TA Securities maintains its forecasts for Malaysia’s inflation rate at 2.1%-2.6% and GDP growth at 4.3%-4.7% for 2026.

Glonhui June 23rd｜Piper Sandler has upgraded the rating of Synopsys from Neutral to Overweight, raising the target price from $450 to $550.

(1) Driven by expectations of progress in Middle East peace talks, the market anticipates a gradual recovery of aluminum supply in the region, and aluminum prices have fallen to their lowest level in three months. (2) The United States has granted Iran a 60-day oil sales permit, providing Iran with economic cushioning, while both sides continue negotiations for a permanent peace agreement. (3) Since the beginning of this year, the war in the Middle East once stifled the production and export of local aluminum products, pushing aluminum prices up by a cumulative 11%. (4) However, one of the largest supply shocks in the history of the aluminum market has been successfully resolved by smelters in the Persian Gulf region through inventory replenishment and the risky practice of transporting goods through the Strait of Hormuz.