M+ TOP PICKS OCT 2024

Wall Street may see positive momentum driven by the booming AI sector and the Fed’s dovish stance, with a rate cut cycle likely in the near term. On the other hand, the Bursa exchange will depend on the movement of the ringgit to determine its future trend.

We believe strong FDIs, positive foreign inflows into the equity market, rising data center developments, and the ongoing NETR and NIMP blueprints will support Malaysia’s economic growth. As a result, we favour stocks in the Construction, Building Materials, Property, Utilities, Technology, and Oil & Gas sectors.

Besides, we like Consumer and Industrial Products sectors, especially in a strong ringgit environment. 

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M+ TOP PICKS OCT 2024

Wall Street may see positive momentum driven by the booming AI sector and the Fed’s dovish stance, with a rate cut cycle likely in the near term. On the other hand, the Bursa exchange will depend on the movement of the ringgit to determine its future trend.

We believe strong FDIs, positive foreign inflows into the equity market, rising data center developments, and the ongoing NETR and NIMP blueprints will support Malaysia’s economic growth. As a result, we favour stocks in the Construction, Building Materials, Property, Utilities, Technology, and Oil & Gas sectors.

Besides, we like Consumer and Industrial Products sectors, especially in a strong ringgit environment. 

 $KLSE-99SMART $KLSE-LHI $KLSE-TEOSENG $KLSE-SENFONG $KLSE-AGX

$LHI / 6633 (LEONG HUP INTERNATIONAL BERHAD)

$TEOSENG / 7252 (TEO SENG CAPITAL BERHAD)

$SENFONG / 5308 (SENG FONG HOLDINGS BERHAD)

$99SMART / 5326 (99 SPEED MART RETAIL HOLDINGS BERHAD)