Forecast of the six major Malaysian stocks in the second half of the year
These six investment themes highlight key industries and opportunities for the second half of 2024:
1. **Trade transfers and global semiconductor cycle recovery**:
- Companies concerned: QES Group Berhad (QES, 0196), Inari Amertron Berhad (INARI, 0166)
- Background: Recovery in global semiconductor demand, geopolitical risks, China +1 strategy, and Malaysia's semiconductor roadmap.
2. **Iskandar 2.0 and major infrastructure**:
- Follow companies: Berjaya Land Berhad (BJLAND, 4219), Success Transformer Corporation Berhad (SUCCESS, 7207), Haily Group Berhad (HAILY, 0238), Fajarbaru Builder Group Berhad (FAJAR, 7047), Gamuda Berhad ( GAMUDA, 5398)
- Background: Iskandar 2.0 development milestones, data center construction, MRT3 project, the benefits of the Johor-Singapore Fast Track.
3. **Green Agenda and National Energy Transition Roadmap (NETR) **:
- Companies concerned: BM GreenTech Berhad (BMGREENTECH, 0000), P.A. Resources Berhad (PA, 7225), JAKS Resources Berhad (JAKS, 4723)
- Background: The government promotes energy transition, renewable energy sector growth, and new solar projects.
4. **Increased commodity demand and upstream activity**:
- Companies concerned: Perdana Petroleum Berhad (PERDANA, 7108), Keyfield International Berhad (KEYFIELD, 0000), Icon Offshore Berhad (ICON, 5255)
- Background: China's economic recovery, demand for industrial metals, oil and gas, and activities related to the 50th anniversary of the establishment of diplomatic relations between Malaysia and China.
5. **Increased disposable income**:
- Companies concerned: Yoong Onn Corporation Berhad (YOCB, 5159), MBM Resources Berhad (MBMR, 5983), Mr D.I.Y. Group (M) Berhad (MRDIY, 5296)
- Background: The Employee Provident Fund (EPF) introduced a third account and civil servants' salary increases in December, which had a positive impact on private spending.
6. **High Dividend Stocks**:
- Companies concerned: Oriental Holdings Berhad (ORIENTAL, 4006), FoundPac Group Berhad (FPI, 5277)
- Background: Attractive dividend earnings and a dovish outlook for the Federal Reserve.
These topics provide a road map for potential investment opportunities, drawing on various economic, geopolitical, and policy drivers.
1. **Trade transfers and global semiconductor cycle recovery**:
- Companies concerned: QES Group Berhad (QES, 0196), Inari Amertron Berhad (INARI, 0166)
- Background: Recovery in global semiconductor demand, geopolitical risks, China +1 strategy, and Malaysia's semiconductor roadmap.
2. **Iskandar 2.0 and major infrastructure**:
- Follow companies: Berjaya Land Berhad (BJLAND, 4219), Success Transformer Corporation Berhad (SUCCESS, 7207), Haily Group Berhad (HAILY, 0238), Fajarbaru Builder Group Berhad (FAJAR, 7047), Gamuda Berhad ( GAMUDA, 5398)
- Background: Iskandar 2.0 development milestones, data center construction, MRT3 project, the benefits of the Johor-Singapore Fast Track.
3. **Green Agenda and National Energy Transition Roadmap (NETR) **:
- Companies concerned: BM GreenTech Berhad (BMGREENTECH, 0000), P.A. Resources Berhad (PA, 7225), JAKS Resources Berhad (JAKS, 4723)
- Background: The government promotes energy transition, renewable energy sector growth, and new solar projects.
4. **Increased commodity demand and upstream activity**:
- Companies concerned: Perdana Petroleum Berhad (PERDANA, 7108), Keyfield International Berhad (KEYFIELD, 0000), Icon Offshore Berhad (ICON, 5255)
- Background: China's economic recovery, demand for industrial metals, oil and gas, and activities related to the 50th anniversary of the establishment of diplomatic relations between Malaysia and China.
5. **Increased disposable income**:
- Companies concerned: Yoong Onn Corporation Berhad (YOCB, 5159), MBM Resources Berhad (MBMR, 5983), Mr D.I.Y. Group (M) Berhad (MRDIY, 5296)
- Background: The Employee Provident Fund (EPF) introduced a third account and civil servants' salary increases in December, which had a positive impact on private spending.
6. **High Dividend Stocks**:
- Companies concerned: Oriental Holdings Berhad (ORIENTAL, 4006), FoundPac Group Berhad (FPI, 5277)
- Background: Attractive dividend earnings and a dovish outlook for the Federal Reserve.
These topics provide a road map for potential investment opportunities, drawing on various economic, geopolitical, and policy drivers.
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