The biggest news that has come out of Malaysia was that it will go into a full lockdown from 1st June 2021 for two weeks.
Malaysia’s government has been hesitant due to the negative economic impact that will arise out of this lockdown. Many industries/sectors will inadvertently be affected especially that its coming on top of the 3rd MCO.
However, its not all doom and gloom in the stock market. There will still be light shone on certain sectors and industries.
Hence, we have identified 7 stocks that you should take note of for the month of June.
#1 Hock Seng Lee
Public Investment bank has maintained its BUY rating on the stock with a target price of RM 1.06.
The positive sentiments are due to its strong order book. ” HSL’s latest estimated outstanding orderbook stands at c.RM1.8bn, translating into healthy level of 4.0x cover on FY20 construction revenue.
In FY21, HSL has secured a RM131...