Today, RHB IB launched their highly anticipated RHB Small Cap Top 20 Jewels 2024 Edition together with their 20th anniversary. Happy to be invited to attend their launch ceremony at RHB centre and have the honour of sitting at the front row.

Without further ado, here are some footages as well as highlights and summary of their 2023 picks and 2024 picks. They also cover Singapore, Indonesia and Thailand markets as well, but in this post I will focus mainly on their Malaysia market picks.

To outline the definition of small cap here, they are PLCs that are less than 500mil USD market capitalisation. Screening methodology based on 3 broad criterias: Quantitative, Qualitative and Thematic trends.

So, how did the Malaysia market picks for 2023 edition performed:
Top 20 Malaysia Small Cap Jewels 2023 outperformed the broad market, delivering a holding period return of 46.4% v.s. FBM KLCI’s and FBM SC’s returns of 13.0% and 21.4%.

The best performing picks last year was $MCEHLDG / 7004 (MCE HOLDINGS BERHAD), which they also included in the 2024 Jewels actually, and is the only one that is brought forward! Following closely is $VSTECS / 5162 (VSTECS BERHAD), and then $UZMA / 7250 (UZMA BERHAD), WASEONG (now known as WASCO), PIE, LEESK.

Now, moving forward, for 2024 edition:
Their picks are at an average market capitalisation of MYR545m and ROE of 11.2%. Spanning 9 diverse sectors, names from the industrial products & services, technology, construction, consumer products & services sectors make up 70% of their picks. Out of the 20 listed, only 4 are listed on Main Market, the rest are in the Ace Market.

Auto & Autoparts – NHFATT
Basic Materials – PA
Construction – INTA, KIMLUN, MUHIBAH
Consumer Products & Services – ABLEGLOB, KAREX, SHANG
Healthcare – UMC
Industrial Products & Services – AWC, ENGTEX, MCEHLDG, SCOMNET, YBS
O&G – DELEUM
Real Estate – AVALAND
Tech – CLOUDPT, OPPSTAR, QES, TTVHB

Once again, thanks for having me @rhbtradesmartmy . Looking forward to seeing how the Top 20 Jewels 2024 will perform this year, and of course I’ll be tuning into the upcoming 2 PLCs’ management livestreams with $CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) and $KAREX / 5247 (KAREX BERHAD) this Saturday!

Here's the link for those who want to register for the session this Saturday: https://cutt.ly/cee86tai