(Kuala Lumpur, 2nd) In the first quarter of 2025, Malacca Securities believes that the data center boom will continue to heat up, driving stocks in construction, building materials, property, and utilities, extending further into the fields of artificial intelligence (AI) and cloud services, allowing technology stocks to finally see growth opportunities.
Research director Liu Liyu of Malacca Securities pointed out in the report that as multinational corporations (MNC) investments in data centers just started during 2023 and 2024, it is expected to bring returns starting in 2025.
"We are bullish on related stocks in the construction, building materials, industry, and utilities sectors."
The report also mentioned the transition from construction to artificial intelligence, security, and cloud service stages.
"We believe the scope of the data center ecosystem will surpass traditional construction, covering areas such as artificial intelligence, security, and cloud services."
He believes that this will create opportunities for software companies focusing on cybersecurity, cloud service providers, and other related sectors in the technology industry.
According to Knight Frank data, in the first 10 months of 2024, Malaysia's net inflow of foreign direct investment (FDI) reached 141.72 billion Ringgit, making it the leading country in FDI inflows in the region.
With a stable political environment, strategic geographic location, and business-friendly policies, our country has attracted investment from multinational giants such as Google, NVIDIA, and Microsoft.
The report also pointed out that the KL20 Summit held last year and the implementation of the Malaysian National Semiconductor Strategy (NSS) will further drive our country's...