Summarizing the Malaysian stock market for the first half of 2024.
Since the outbreak of the pandemic, it has been four and a half years. Let's review the trends of the 13 major sectors of the Malaysian stock market:
2020: 4 up, 9 down
2021: 4 up, 9 down
2022: 6 up 7 down.
2023: 7 up 6 down.
2024: 12 up 1 down.
The good outlook this year is because it was really tough before, now it's a turn for the better. The plantation sector was slightly up in the past few weeks, but this year the three major blue-chip plantations, KLK, IOICORP, and SDG, all dropped by 3 - 7%, dragging the index down by 0.4% in the end.
There are a total of 1,032 listed companies on the Malaysian stocks exchange, with nearly 600 companies seeing an increase, meaning close to 60% of stocks are rising. It has been quite challenging to operate against the trend in the past two years, but in 2024, the datacenter sector truly drove the entire Malaysian stock market. With favorable timing, location, and human resources, the chances of making money this year have significantly increased.
Construction companies contract for the construction of data centers, utilities sell electricity to data centers and YTLPOWR operates datacenters, industries sell land to data centers, and finally the technology sector benefits slightly from AI. The four sectors with the highest increase in the first half of the year are directly or indirectly related to DC and AI.
The market's funds this year are relatively abundant compared to pre-pandemic levels (2020 was a special case for q&m dental stock gods), and local funds are also performing well. The author is very satisfied with the investment portfolio for the first half of the year, grateful for the blessings of the stock market.
There are still many opportunities in the second half of the year, but the rate of increase will not be as exaggerated as from April 16 to mid-June. After all, the valuations of many companies have risen, needing better profitability to support future stock price growth. The country's export data is starting to recover, and the contracts in the construction and oil & gas sectors are very promising. In the second half of the year, it is expected that undervalued growth stocks and strong stocks will still perform well. Let's all work hard together.
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投资座右铭：价值为主，技术为辅，心态之上
在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。
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