COVID cases in Malaysia have hit all time high and there are no signs of abating.
This throws a spanner to whether Malaysia’s economy can recover in the near term despite the continous pushing out of vaccinations.
That said, all is not doom and gloom.
In fact, analysts have highlighted 7 stocks which still have room to run as shown below:
#1 Sunway
Hong Leong Investment bank has maintained its BUY rating on the stock with a target price of RM 2.58.
The positive sentiment is mainly driven by the arrival of a strong investor.
“Partnership with GIC. GIC Private Limited (GIC), via Greenwood Capital Pte Ltd (Greenwood) will invest RM750m in Sunway Healthcare for a 16% stake via share subscription agreement.
The investment entails subscription by GIC of 8.24% ordinary shares in Sunway Healthcare, ICPS convertible to 7.76% equity interest and DCPS convertible into 1 Sunway Healthcare share, which will collectively give GIC a 16.0% equity interest in Sunway Healthcare on a fully converted basis....