Macquarie analysts remain cautious on Malaysia’s earnings outlook despite Q1 growth

Published 02/06/2025, 11:16
© Reuters.

Investing.com -- Analysts at Macquarie expressed a cautious stance on Malaysia’s earnings outlook, despite varied growth reported for the quarter.

While managements across sectors maintain a generally positive outlook, the analysts advise selectivity, particularly in the technology sector, which experienced the most earnings misses.

Utilities and retailers, focused on domestic consumption, emerged as standout performers in the latest earnings reports. The analysts emphasized the importance of these sectors, noting their defensive nature and potential for growth.

Macquarie’s top picks remain in companies such as TNB, YTLP, and IHH, which are categorized as defensive stocks. In the technology sector, VITRO and FRCB are highlighted as preferred choices due to their potential in the current market environment.

The analysts also announced a strategic change in their domestic consumption picks, swapping T with 99SMART, reflecting a shift in focus within the sector. This adjustment aligns with their cautious yet strategic approach to navigating Malaysia’s earnings landscape.

Overall, Macquarie’s analysis underscores the need for careful selection in investment choices, particularly in the technology sector, while maintaining confidence in defensive and domestic consumption stocks.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.