Analysts: Focus on ‘oversold’ stocks

TheStar Thu, Jan 03, 2019 08:27am - 5 years View Original


According to AllianceDBS Research, oversold stocks offer “value amid market sell down”.  Its selected oversold stocks were Axiata Group Bhd, Gamuda Bhd and CapitaLand Malaysia Mall Trust.

According to AllianceDBS Research, oversold stocks offer “value amid market sell down”. Its selected oversold stocks were Axiata Group Bhd, Gamuda Bhd and CapitaLand Malaysia Mall Trust.

PETALING JAYA: Bottom-fishing opportunities have emerged in the equity market, with oversold stocks seen as one of the few silver linings for local investors this year.

Pundits recommended investors to focus on stocks that were sold down heavily last year amid the macroeconomic risks and market volatility that showed no immediate sign of waning.

   

According to AllianceDBS Research, oversold stocks offer “value amid market sell down”.

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