OSK Research said moving into 2Q, it still sees some short term volatility but is confident of an eventual rally to close in on its year-end FBM KLCI target of 1,680.
“We advise investors buy Big Caps on potential rebounds while focusing on the more defensive Small Caps given their superior performance over the past few months,” it said on Tuesday, April 12.
OSK Research said the favourite sectors remain Banks, O&G, Property and CONSTRUCTION [] in the mid- to short-term while the longer term buys are Media and Healthcare.
Zooming in on the shorter term, it sees April as a month of two halves, with the first half being positive given the Invest Malaysia conference and the run-up to the Sarawak polls. The second half, however, could be more uncertain pending the outcome of the Sarawak election.
“We advise investors buy Big Caps on potential rebounds while focusing on the more defensive Small Caps given their superior performance over the past few months,” it said on Tuesday, April 12.
OSK Research said the favourite sectors remain Banks, O&G, Property and CONSTRUCTION [] in the mid- to short-term while the longer term buys are Media and Healthcare.
Zooming in on the shorter term, it sees April as a month of two halves, with the first half being positive given the Invest Malaysia conference and the run-up to the Sarawak polls. The second half, however, could be more uncertain pending the outcome of the Sarawak election.
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