TA SECURITIES TOP PICKS 2ND HALF 2024...

Investment Strategy – Buy This Market. Savings from government subsidy rationalisation, multi-billion public spending on infrastructures, foreign direct investments and domestic direct investments in renewable energy and growth sectors identified under the long-term plans are boosters for domestic sectors. Thus, our top picks are closely associated with the Banking, Construction, Consumer, Healthcare, Power, Property and Telco sectors. The strong growth in the E&E exports driven by the “China Plus One” strategy and demand for advanced technologies, electric vehicles, data centres, etc. are expected to sustain interest in the Technology sector while benefitting Power and Telco players as well.

Buy Picks. In line with the above views, our top big-cap picks are PBBANK, YTLPOWR, TM, GAMUDA, INARI and IOIPG. Top small and mid-cap stocks are INTA, PGF, IBRACO, ABLEGLOB, SCOMNET, FFB, SUNCON, ABMB and SIMEPROP.

$INTA / 0192 (INTA BINA GROUP BERHAD) $IOIPG / 5249 (IOI PROPERTIES GROUP BERHAD) $POLY / 8117 (POLY GLASS FIBRE (M) BERHAD) $IBRACO / 5084 (IBRACO BERHAD) $YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)