Company Performance: MILDEF's financial health (revenue, profit), contract wins, and project execution significantly impact investor confidence.

Defense Spending: Government budgets allocated to defense, particularly in Malaysia and potential export markets, directly influence MILDEF's order book.

Geopolitical Events: Regional conflicts, security threats, and international relations can increase demand for military equipment, benefiting MILDEF.

Technological Advancements: MILDEF's ability to innovate and offer cutting-edge defense solutions affects its competitiveness and market valuation.

Economic Conditions: Overall economic stability, inflation rates, and interest rates can influence investor sentiment towards defense stocks.

Market Sentiment: General investor confidence and risk appetite in the stock market can impact MILDEF's stock price.

Competition: The presence and performance of competing defense companies in Malaysia and globally affect MILDEF's market share and valuation.

Regulatory Environment: Changes in defense industry regulations, export controls, and government policies can impact MILDEF's operations and profitability.

Global Supply Chains: Disruptions in global supply chains can affect MILDEF's production costs and delivery schedules, influencing investor perception.

Foreign Exchange Rates: Fluctuations in the Malaysian Ringgit against other currencies can impact MILDEF's export revenue and profitability.