Bursa Malaysia Stocks to Watch (28 Jun 2026): US-Iran Halt Attacks Before Doha Talks - M+ Global's Picks
Markets open the new week with a development that brings relief to many investors: the United States (US) and Iran have reportedly agreed to halt all military activity ahead of emergency talks in Doha, Qatar. After weeks of sentiment weighed down by Middle East tensions, this diplomatic breakthrough could give fresh breathing room to both Wall Street and Bursa Malaysia.
This article summarises the M+ GLOBAL Market Update dated 28 June 2026, themed "US-Iran Halting Attacks Ahead of The Doha Talks". One thing to be clear about: all the market views and the "stocks to watch" list below are the analysis and opinion of M+ Global, not buy or sell recommendations from mahersaham.com. We share this summary purely as reference and market education.
Disclaimer: The information in this article is not investment advice. It is a summary of a third party's views (M+ Global) for educational purposes. Any decision to buy or sell shares is your own responsibility. Please do your own research or consult a licensed financial adviser before investing.
Background: Why the Doha Talks Are the Market's Focus
For weeks, global markets have been burdened by Middle East geopolitical risk, from the Strait of Hormuz issue to supply chain disruption fears. We have explained the broader effects of this in our article on the Strait of Hormuz crisis 2026, and the chronology of the peace process in The US-Iran Peace Deal Explained.
Now, according to reports cited by M+ Global, the US and Iran have agreed to halt all kinetic (military) activity ahead of emergency talks in Doha, expected to take place on Tuesday. Over the weekend, global supply chains initially braced for potential maritime disruptions. As tensions eased, those anxieties loosened too.
What are the "Doha" talks and why do they matter? Doha, the capital of Qatar, often serves as a neutral venue for diplomatic discussions in the Gulf region. When both sides agree to show restraint before negotiating, it lowers the risk of immediate escalation, and this usually calms market sentiment. This is why M+ Global expects markets to open the week on a more positive note. Investors can follow official local market updates via Bursa Malaysia and economic coverage from Bernama.
The term "kinetic activity" refers to physical military action such as air strikes, gunfire, or troop operations. When both sides agree to halt kinetic activity, it is a strong early signal that the door to a diplomatic settlement is opening. For markets, such signals matter because they reduce the risk premium that has been "baked into" asset prices, especially energy prices and transport costs. Even so, investors should remember that a ceasefire before negotiations is not the same as a final peace deal; it is only one step toward it.
Wall Street Outlook: Starting the Week on a Stronger Note
According to M+ Global, with the US and Iran reportedly agreeing to halt all military activity ahead of the Doha talks, Wall Street is expected to begin the week more strongly. As geopolitical worries ease, two sector groups stand out for M+ Global: logistics and airlines.
Logistics & Freight Stocks: Maritime Worries Ease
Initially, global supply chains braced for possible maritime disruptions over the weekend. As tensions eased, M+ Global believes this sentiment bodes well for global freight integrators such as FedEx Corporation (FDX) and United Parcel Service (UPS). The logic is simple: when freight and logistics anxieties ease, the operating costs and risks for these companies fall, and this typically supports sentiment toward their shares.
Airline Stocks: Jet Fuel Costs Could Fall
In addition, M+ Global sees this sudden diplomatic breakthrough benefiting airline stocks such as Delta Air Lines (DAL) and United Airlines (UAL). The reason is that the anticipated downward correction in energy prices will immediately lower jet fuel input costs. At the same time, travel routes can be normalised, eliminating expensive rerouting risks.
Jet fuel is typically one of the largest operating costs for airlines, often representing 20% to 30% of total costs. As such, any significant drop in crude oil and jet fuel prices can directly impact airline profit margins. This is the mechanism M+ Global sees playing out as Middle East tensions ease. For investors keen to understand how oil prices and tech stocks react to this peace theme, read our analysis: US-Iran Peace Deal: Oil Falls, Tech Stocks Surge.
Bursa Malaysia Outlook: Sentiment Expected to Improve
Turning to the local market, following the agreement between the US and Iran to halt attacks ahead of the Doha talks on Tuesday, M+ Global believes sentiment will bode well for the local bourse today. More positive global sentiment usually spreads to regional markets, including Bursa Malaysia. M+ Global highlights two local themes worth watching.
Theme 1: Water Stocks Riding Data Centre Demand
M+ Global continues to favour water-related companies such as Ranhill Utilities (RANHILL) and ISF Group (ISF), supported by increasing demand driven by ongoing data centre (DC) developments in the country.
Why is water connected to data centres? Data centres use large volumes of water to cool servers that generate a lot of heat. As more data centres are built, demand for water supply and treatment also rises. The scale of data centre investment in Malaysia is not small; we have explained it in our article on the Malaysia data centre boom, while official approved-investment data can be referenced via MIDA.
Theme 2: Solar Stocks Supported by LSS5, LSS6 & the AI Supercycle
In addition, M+ Global notes that buying interest re-emerged in solar-related companies last Friday. Among the names mentioned are Solarvest Holdings (SLVEST), Pekat Group (PEKAT) and Samaiden Group (SAMAIDEN).
This interest is underpinned by policy tailwinds such as the LSS5 and LSS6 (Large Scale Solar) programmes, as well as the ongoing data centre and AI supercycle. LSS is a large-scale solar tender programme managed by SEDA Malaysia, in which companies compete to build and operate solar plants. Each LSS round typically opens up a range of EPCC (engineering, procurement, construction and commissioning) contract opportunities for local solar companies.
The relationship between solar and data centres is also growing closer. Data centres require large, stable electricity supply, and many global operators now target clean energy to meet their sustainability commitments. This green energy demand adds another layer of support for local solar companies, on top of demand from government programmes and the commercial sector. To understand why solar and renewable energy matter in this ecosystem, read What's the Difference Between AC and DC?
Full "Stocks To Watch" List (M+ Global's View)
Beyond the themes above, M+ Global lists several stocks to watch across various sectors on Bursa Malaysia. Again, these are M+ Global's views, shared for reference only:
| Sector | Stocks To Watch (M+ Global) |
|---|---|
| Technology | CPETECH, ICENTS |
| Solar | PEKAT, SAMAIDEN |
| Consumer | GCB (Guan Chong) |
| Utility | ISF |
| Plantation | KMLOONG (Kim Loong Resources) |
This list shows M+ Global paying attention across growth sectors (technology and solar), defensive sectors (utility), as well as consumer and plantation sectors. Investors can use this list as a starting point for their own research, not as an automatic buy signal. You can also track institutional fund flows via foreign fund flow data to read the market's direction.
What Can Investors Do in This Environment?
In a news-driven, geopolitically charged market like this, a few basic principles always stay relevant:
- Understand the source of the view. The stocks to watch list above comes from M+ Global. Before acting, check the charts, financial reports, and Shariah status (if relevant) of each stock yourself.
- Be careful with news momentum. An agreement to halt attacks is a positive development, but the Doha talks may not necessarily produce a final deal. Sentiment can shift quickly if the negotiations stumble.
- Manage risk. Sentiment-driven themes such as falling oil prices or surging logistics stocks do not guarantee profits; they are just one view at one point in time. Do not chase stocks without a clear plan to exit.
For investors who are just starting to trade Bursa and overseas stocks, you can refer to our guide on how to buy Bursa Malaysia stocks using the Mplus Global app.
FAQ (Frequently Asked Questions)
1. Are the stocks in this article recommendations from mahersaham.com?
No. All the market views and the "stocks to watch" list in this article are M+ Global's analysis. Mahersaham.com only summarises and explains those views for educational purposes, not as buy or sell recommendations.
2. What does "US-Iran Halting Attacks Ahead of The Doha Talks" mean?
It means the US and Iran have reportedly agreed to halt all military activity before emergency talks are held in Doha, Qatar. This agreement lowers the risk of immediate escalation and usually calms market sentiment.
3. Why are logistics and airline stocks in focus?
When fears of maritime disruption ease, the operating costs and risks for logistics companies like FedEx and UPS fall. For airlines like Delta and United, expectations of lower energy prices reduce jet fuel costs, while travel routes can be normalised.
4. Why are water stocks linked to data centres?
Data centres use large volumes of water to cool servers that generate a lot of heat. As more data centres are built in Malaysia, demand for water supply and treatment rises, benefiting water-related companies such as Ranhill and ISF.
5. What are LSS5 and LSS6?
LSS (Large Scale Solar) is a large-scale solar tender programme managed by SEDA Malaysia. LSS5 and LSS6 refer to the latest rounds of this programme. Each round opens up contract opportunities for local solar companies such as Solarvest, Pekat and Samaiden.
6. Are oil prices expected to fall after this development?
M+ Global anticipates a downward correction in energy prices as tensions ease. However, oil prices depend on many factors, and the final outcome of the Doha talks is still uncertain. Investors should keep monitoring developments.
7. Should I buy the stocks on this list right away?
Not necessarily. This list is a starting point for research, not a buy signal. Do your own research, understand company fundamentals, and set a risk management plan before making decisions.
Conclusion
In short, the M+ Global Market Update for 28 June 2026 sees the US-Iran agreement to halt attacks ahead of the Doha talks as a positive sentiment catalyst, with logistics and airline stocks on Wall Street, plus the water and solar themes on Bursa Malaysia, in focus. That said, news-driven momentum can reverse quickly, so risk management remains the priority.
If you want to follow market themes like these and start building your own portfolio, the first step is to have a trading account that lets you access the markets.
You can open a CDS account to start investing, not only on Bursa Malaysia but also gaining access to overseas stocks such as the US and Hong Kong markets.
If you are just starting out, get our free stock market basics ebook as a step-by-step guide to understanding the market.
Further Reading
- Bursa Malaysia Stocks to Watch (22 Jun 2026): US-Iran Peace Talks Stay in Focus
- RM185 Billion Flows Into Malaysia - Who Profits From the Data Center Boom?
- US-Iran Peace Deal: Oil Falls, Tech Stocks Surge
- What's the Difference Between AC and DC? How It Connects Solar, EV Batteries and Bursa Stocks
- The US-Iran Peace Deal Explained: Ceasefire, Strait of Hormuz & Regional Stability