(Kuala Lumpur, 6th) After experiencing a panic sell-off, analysts believe that the fundamentals of industry stocks are good and revolve around multiple themes. The current valuation has fallen to a reasonable level, making it a good opportunity to buy low, and thus upgrade the rating to "positive".
According to the analyst at Ma Bank's investment banking research, due to the global market crash on Monday, the individual ranges of the industry stocks tracked by the bank ranged from 10% to 16%.
However, some industry stocks began to bottom out and regain some lost ground on Tuesday, until the morning market closed. $SPSETIA (8664.MY)$ Shidai Group rose 16 cents or 12.9% to 1.40 ringgit.
At the same time, $SIMEPROP (5288.MY)$ Sime Darby Industries and $ECOWLD (8206.MY)$ Green Prosperity, as well as $UEMS (5148.MY)$ UEM Sunlight, also rose 11.2%, 10.14%, and 10.05% respectively.
$MAHSING (8583.MY)$ Ma Xin Group and $SUNWAY (5211.MY)$ CKH Holdings has slightly less increase, with an increase of 8% and 4.42% respectively, still a distance from the closing price last Friday.
Looking ahead, analysts believe that the short-term sentiment of industrial stocks may still be weak, but the industry fundamentals remain strong, especially the strong performance from the industrial sector.
In addition, the land sale plans of several industrial development companies will also drive the company's future profit growth and debt ratio improvement.
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