Market Shifts and Opportunities: What’s moving in Malaysia? 🇲🇾🤘
Oil & Gas (O&G) Upcycle?
There's talk of Petronas cutting its capex, leading to weakness in O&G stocks. The RM300bn capex planned for 2024-28 is now under scrutiny. PETROS (Sarawak’s version of Petronas) might be delaying exploration approvals to push for more involvement in PSCs.
However, development drilling and related activities are likely to continue unaffected. This means stocks like DAYANG and UZMA could remain stable, while VELESTO might see some impact, though likely minimal. If exploration drilling slows, OSV demand could drop, impacting PERDANA, KEYFIELD and ICON. CARIMIN, operating mainly in Kemaman and Sabah, could see minimal impact due to its limited exposure in Sarawak. The ongoing tussle between Petros and Petronas adds uncertainty, but once resolved, Teh Tarik Invest expects a strong rebound in upstream capex spending.
Infra or Data Center Driven Construction Boom?
$GAMUDA (5398.BMS)$ remains attractive despite its recent run. It benefits from a diversified order book, potential inclusion in the KLCI, and higher dividends. Despite missing out on the SRL East project in Australia, other projects should help GAMUDA meet its targets. $SUNCON (5263.BMS)$ also looks promising, with new data center and government projects in the pipeline. Concerns about water supply affecting data centers seem overplayed, and SUNCON is well-positioned to capitalize on the upsizing of existing projects.
- Teh Tarik Invest
"Money is a tool to live a better life, not a yardstick of success to measure against others."
Embrace the power of quiet compounding. Focus on your long-term goals, invest wisely, and let your wealth grow silently over time.
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Thoughts on Malaysia & US markets while sipping a cup of hot teh tarik.
“Deploying more capital - steady lads”
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Rocket Capital : I think $KEYFIELD (5321.BMS)$ is fairly valued, for now but bloody cheap at IPO. What about small player like $ALAM (5115.BMS)$ getting out of PN17 status?
Rocket Capital : Infra and Data, LFG
lucky ma :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Teh Tarik Invest OP Rocket Capital : $ALAM (5115.BMS)$ is actively working on a regularization plan to exit PN17 status. The plan, delayed until October, aims to improve their financial standing and ensure long-term stability. This includes efforts to increase profitability and streamline operations. You can monitor these developments closely to gauge the effectiveness of ALAM's turnaround strategy.