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Look out for Malaysia’s recovery-themed stocks in 2H2022: analysts

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Tan Ai Leng

Tan Ai Leng

Published Thu, Jun 2, 2022 · 07:00 PM
    • Although plantation companies performed well in the 1Q2022 due to rising crude palm oil prices, analysts expect price growth will soften as production increases in the second half of the year.
    • Although plantation companies performed well in the 1Q2022 due to rising crude palm oil prices, analysts expect price growth will soften as production increases in the second half of the year. Bloomberg

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    MARKET analysts in Malaysia have started to shift their focus to value and cyclical stocks, which they believe can leverage on the country’s recovery heading into the second half of 2022.

    Most of Malaysia’s publicly-listed companies have already announced their results for the first quarter, with firms in commodities, banking and the real estate investment trust (Reit) sectors outperforming others in the first 3 months of the year.

    AmInvestment Bank analyst Alex Goh noted that plantation stocks have done well due to higher-than-expected crude palm oil prices. Reits have also seen a strong performance of late, thanks to stronger rental revenue and a pick-up in the retail sector.

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