UOBKH TOP PICKS 2025

Adequately Charged Up.

While likely to kick off the year with caution, the FBMKLCI is still adequately electrified to deliver good positive gains, charged up by robust domestic liquidity. We introduce our end-25 FBMKLCI target of 1,800, and we anticipate the market to steadily adopt a progressively risk-on mode as we expect US president-elect Donald Trump to be pragmatic in executing trade policies. Key investment themes include Iskandar 2.0, data centre rollout and China’s economic recovery.    

Compelling investment themes include: a) Iskandar 2.0; b) data centre project rollouts; c) China’s improving economic momentum; d) domestic consumption acceleration (tied to wage hikes); e) E&E sector: trade diversion and global semiconductor cycle recovery; f) Green Agenda and National Energy Transition Roadmap (NETR) opportunities; and g) blockchain. We also foresee trading opportunities in glove stocks (riding on the US’ scheduled steep tariff hikes on China glove products), selected consumer stocks (discretionary domestic consumption boosted by wage hikes), M&A activities and quality dividend yielders. 

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UOBKH TOP PICKS 2025

Adequately Charged Up.

While likely to kick off the year with caution, the FBMKLCI is still adequately electrified to deliver good positive gains, charged up by robust domestic liquidity. We introduce our end-25 FBMKLCI target of 1,800, and we anticipate the market to steadily adopt a progressively risk-on mode as we expect US president-elect Donald Trump to be pragmatic in executing trade policies. Key investment themes include Iskandar 2.0, data centre rollout and China’s economic recovery.    

Compelling investment themes include: a) Iskandar 2.0; b) data centre project rollouts; c) China’s improving economic momentum; d) domestic consumption acceleration (tied to wage hikes); e) E&E sector: trade diversion and global semiconductor cycle recovery; f) Green Agenda and National Energy Transition Roadmap (NETR) opportunities; and g) blockchain. We also foresee trading opportunities in glove stocks (riding on the US’ scheduled steep tariff hikes on China glove products), selected consumer stocks (discretionary domestic consumption boosted by wage hikes), M&A activities and quality dividend yielders. 

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$PMETAL / 8869 (PRESS METAL ALUMINIUM HOLDINGS BERHAD)