APEX Securities TOP PICKS 2ND HALF 2024...

Turning more selective and defensive. 
Moving into 2H24, we advocate a more defensive stance to focus onto laggard plays. We continue to favour the construction sector in anticipation of more aggressive rollout in private and public infrastructure jobs as billings shift into higher gear. Meanwhile, we also like the property sector that is well positioned to capitalise onto development key mega transport projects that may uplift demand for property projects in selected vicinities. The technology sector remains in focus in view of the recovery in world semiconductor sales, leveraging onto the rise in AI industry, could computing and Internet of Things (IoT). We favour the healthcare sector, particularly gloves players which saw fortunes turning around with majority of the players returning to the black, while healthcare services providers and equipment manufacturers stands to benefit from the larger allocation under recent and upcoming Budgets. 

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APEX Securities TOP PICKS 2ND HALF 2024...

Turning more selective and defensive. 
Moving into 2H24, we advocate a more defensive stance to focus onto laggard plays. We continue to favour the construction sector in anticipation of more aggressive rollout in private and public infrastructure jobs as billings shift into higher gear. Meanwhile, we also like the property sector that is well positioned to capitalise onto development key mega transport projects that may uplift demand for property projects in selected vicinities. The technology sector remains in focus in view of the recovery in world semiconductor sales, leveraging onto the rise in AI industry, could computing and Internet of Things (IoT). We favour the healthcare sector, particularly gloves players which saw fortunes turning around with majority of the players returning to the black, while healthcare services providers and equipment manufacturers stands to benefit from the larger allocation under recent and upcoming Budgets. 

 $KLSE-QES $KLSE-MATRIX $KLSE-AME $KLSE-TASCO $KLSE-SLVEST

$SLVEST / 0215 (SOLARVEST HOLDINGS BERHAD)

$AME / 5293 (AME ELITE CONSORTIUM BERHAD)

$MATRIX / 5236 (MATRIX CONCEPTS HOLDINGS BERHAD)