HLIB TOP PICKS 2H 2024...

Key themes. We stay upbeat on the three key themes that we highlighted late last year – tourism recovery, energy transition and Johor’s reinvigoration. In addition, we also introduce two new themes, namely (i) disposable income boosters – this follows from measures like the EPF “Account 3” and civil servants pay hike which should drive discretionary spending, and (ii) US-China trade war where geopolitically neutral Malaysia stands to benefit from trade diversion (positive for Furniture, Gloves and Tech) and the China+1 strategy (plays on Construction, EMS and Property). 

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HLIB TOP PICKS 2H 2024...

Key themes. We stay upbeat on the three key themes that we highlighted late last year – tourism recovery, energy transition and Johor’s reinvigoration. In addition, we also introduce two new themes, namely (i) disposable income boosters – this follows from measures like the EPF “Account 3” and civil servants pay hike which should drive discretionary spending, and (ii) US-China trade war where geopolitically neutral Malaysia stands to benefit from trade diversion (positive for Furniture, Gloves and Tech) and the China+1 strategy (plays on Construction, EMS and Property). 

 $KLSE-YTLPOWR $KLSE-SUNWAY $KLSE-NOTION $KLSE-MNHLDG $KLSE-OSK

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)