HLIB TOP PICKS Q4 2024

Rejuvenation of domestic fundamentals. Our positive stance on Malaysian equities goes beyond the Fed’s rate down cycle as the country is seeing rejuvenated domestic fundamentals with GDP growth picking up, record approved investments and subsidy reforms in motion, alongside a more stable political landscape. We remain upbeat on the following themes that we had earlier introduced for 2024: (i) continued robust tourism recovery, (ii) energy transition under NETR, (iii) Johor’s developmental reinvigoration, (iv) disposable income boosting measures from EPF Account 3 and civil servants pay hike and (v) trade diversion and proliferation of the China+1 strategy from the US-China trade war.  

[%vByi%] [%tPIu%] [%yzRz%] [%BvEo%] [%KiIB%]

HLIB TOP PICKS Q4 2024

Rejuvenation of domestic fundamentals. Our positive stance on Malaysian equities goes beyond the Fed’s rate down cycle as the country is seeing rejuvenated domestic fundamentals with GDP growth picking up, record approved investments and subsidy reforms in motion, alongside a more stable political landscape. We remain upbeat on the following themes that we had earlier introduced for 2024: (i) continued robust tourism recovery, (ii) energy transition under NETR, (iii) Johor’s developmental reinvigoration, (iv) disposable income boosting measures from EPF Account 3 and civil servants pay hike and (v) trade diversion and proliferation of the China+1 strategy from the US-China trade war.  

$KLSE-YTLPOWR $KLSE-AIRASIA $KLSE-SMRT $KLSE-MNHLDG $KLSE-IOIPG

$IOIPG / 5249 (IOI PROPERTIES GROUP BERHAD)

$YTLPOWR / 6742 (YTL POWER INTERNATIONAL BHD)