AFTER three trading days, half of the 10 ‘top buys’ identified by Maybank IBG Research are trading marginally lower than its price on Monday.
Still, here are the 10 counters that the research house of the Malayan Banking Bhd (Maybank) group as it remained overweight in key domestic-driven sectors – banks, consumer, healthcare (hospitals).
They are Public Bank Bhdwith a 52-week target price of RM5.30, YTL Power International Bhd (RM4.70), Gamuda Bhd (RM4.95), AMMB Holdings Bhd (RM6.45), KPJ Healthcare Bhd (RM3.00),Frontken Corp Bhd RM5.10), ITMAX System Bhd (RM4.50), AEON Co (M) bhd (RM2.00), Aurelius Technologies Bhd (RM3.73) and Solarvest Holdings Bhd (RM2.14).
In a report released yesterday, it noted that he Kuala Lumpur Composite Index (KLCI) has finally inched above pre-Liberation Day levels, but added that what will drive it further would be clear messaging on how Malaysia would be able to navigate macro headwinds amid President Donald Trump’s tariff trade war.
It has kept its year-end KLCI target at 1,700 though near term it believed it could hover around 1,560 in a bear case. The composite index of the top 30 companies on the Bursa Malaysia Exchange stood at 1,536.8 points yesterday.
“Our strategy to stick to long term winners and defensive picks remains but as risk appetite increases, the tech sector could draw interest,” it said.
Maybank IBG Research said its defensive picks Tenaga Nasional Bhd (TNB), Gas Malaysia Bhd and MISC Bhd while it favoured Sunway REITs for real estate investment trust (REIT) exposure. —TMR
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