Beyond weak Q4 earnings, analysts sanguine over Malaysia’s earnings growth in 2024

[KUALA LUMPUR] THE earnings momentum of the heavyweights on the Malaysian bourse’s key index may have eased up by over 11 per cent in the final quarter of last year from the same period in 2022, but analysts are not harping on that.

Given improving macro conditions, coupled with the country’s robust infrastructure development and resilient consumer spend, analysts are sanguine over banking, consumer services and tech-related stocks this year, not least because the key players put up a good showing in the fourth quarter of 2023.

Domestic-driven sectors are already delivering healthy double-digit growth, said CGS International research head and strategist Chehan Perera.