Malaysia had a lot of changes during the month of August. They had a new prime minister instated, COVID cases continue to notch all time high everyday, and lockdowns continue for some states.
Stocks on KLSE continue to trudge on and some stocks perform better than others due to the nature of the business.
Here are 7 stocks that you should take note for the month of September.
#1 IOI Properties Group
Hong Leong Investment bank has maintained its BUY rating on the stock with a target price of RM 1.79.
The positive sentiment of the company was bolstered by the group’s beating expectations.
“IOIPG’s FY21 core earnings of RM665.4m (-5.3% YoY) were above our expectation. The group chalked in a better performance in property development sales but this was offset by higher COGS from the low margin products.
Sales of RM2.3bn (+25% YoY) were achieved in FY21 as well as launches worth RM1.9bn. We increase our forecast by 5% and 8% in FY22-FY23 from...