KLSE Market is one of the fastest-growing markets that is usually used by investors with high risk-bearing capacity to maximize the returns on investment.
The market is very volatile and any trade in this market shall be undertaken after research and assessment.
We recommend you to keep a watch on KLSE Stock Picks and take informed decisions before considering any investment.
Here are some of the top KLSE Stock Picks with good potential and excellent returns
5 KLSE Stock Picks –
#1. Mega First Corp Bhd
The company owns the Don Sahong hydropower project in Laos saw a sharp slowdown in net profits. The net profits fell by 28 percent in 2019 due to lower construction revenue.
For 2020, strong earnings growth is expected from Don Sahong when it commences operations.
Since the shares are potentially undervalued, it is the correct time to invest in shares of Mega First Corp Bhd.
#2. Pestech International Bhd
The company is into the business of integrated electrical power technology. The net profits of the company for the year 2019 were RM 19.32 million that is 94 percent higher due to ongoing transmission, distribution, and rail electrification process.
In 2020 the company expects good chances of getting more contracts for rail electrification as it is one of the strongest players in this market presently.
Due to all these factors, we place a strong “buy” position on shares of the company.
#3. IOI Properties Group Bhd
A deep value stock with huge land assets and other investment properties. Also, the company provides an attractive Price to Book Ratio (P/B Ratio) of 0.3 times as compared to the industrial standard of 0.7. All this is backed up by strong investment properties and an excellent track record.
IOI Properties saw considerable growth in net profits to RM 136.36 million which is a 22 percent increase. This higher operating profit is a result of development projects in China and Klang Valley and good profits of the joint ventures of the company.
All these prospects make IOI Properties a good catch in KLSE Stock Market.
#4. Muhibbah Engineering (M) Bhd
Muhibbah is an International Engineering Construction company. The company has build – operate – transfer contracts for development and management of Cambodia’s International Airports.
The company saw a lower net profit of RM 93.3 million due to low turnover. Despite this, there is a strong “buy” with a target price of RM 3.68 that is 58 percent more than the closing price.
This is due to the strong future prospects of the company.
#5. Genting Bhd
The company is into casino business and the stock of the company provides a deep value. The shares of the company have a strong “buy” position with a target price of RM 7.25.
The company is the parent company of Genting Singapore Ltd and Genting Malaysia Bhd and has a strong upside potential for growth in the future.
Conclusion
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