The world went into real uncharted territories in 2020, beginning with a pandemic no one had foreseen, and one the world had not experienced in decades. And while the following fall in the equity markets was expected, the wild surge upwards as bulls dominated — including in Bursa Malaysia — was rather not, especially with the yet-to-dissipate shadows cast by the coronavirus.
IHH Healthcare Bhd
IHH Healthcare Bhd, which has operations in various parts of Asia, has been touted as a proxy for regional recovery from the Covid-19 pandemic.
Genting Malaysia Bhd
The casino operator is in the sweet spot to benefit from growing domestic tourism as borders are closed; Malaysians cannot travel abroad. Should the international borders be re-opened in 2021, Genting Malaysia Bhd (GENM) will also benefit from the arrival of foreign tourists.
Tenaga Nasional Bhd
The utility giant was the second-worst performing FBM KLCI component stock in 2020 after Genting Bhd. Its share price drifted lower even after the global rout in March while others rebounded from the troughs.
Hartalega Holdings Bhd
If you still believe in the great earnings growth story in the rubber glove industry despite the availability of the Covid-19 vaccine, Hartalega Holdings Bhd could be a choice to buy on strength given that the stock has sagged almost 43% from its peak of RM21.16, according to Maybank IB.
British American Tobacco (Malaysia) Bhd
British American Tobacco (Malaysia) Bhd’s (BAT) share price staged a strong rebound in the final two months of 2020, recouping most of the lost ground as it hit a 20-year low of RM8.80 in March.
Magnum Bhd
Unless there is another round of Movement Control Order that requires the shutdown of non-essential businesses, including number forecast operators (NFOs), to contain the Covid-19 pandemic, Magnum Bhd is expected to be well on the earnings recovery path.
Public infrastructure exposure
Gamuda Bhd and Sunway Construction Group Bhd (SunCon) are perceived to be among the key beneficiaries of public mega infrastructure projects such as the East Coast Rail Link (ECRL) and High-Speed Rail (HSR) line
Malaysia Airports Holdings Bhd
For the airport operator, 2020 was an annus horribilis, with the company booted from the FBM KLCI as international air travel was brought to its knees as a result of the Covid-19 pandemic
My EG Services Bhd
For My EG Services Bhd (MyEG), investors may have to ignore the noises and focus on contracts that it has in hand, which will be a reflection of its earnings potential
Mega First Corp Bhd
Year 2021 could be a volatile year, Mega First Corp Bhd's steady and resilient earnings from the 260MW Don Sahong hydropower project could be a shelter
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