Market consolidation to spur companies

TheStar Mon, Feb 06, 2023 12:00am - 1 year View Original


CGS-CIMB Research has trimmed its target price for Genting Malaysia to RM3.25 from RM3.30 previously.

PETALING JAYA: In anticipation of a market consolidation phase, UOB Kay Hian (UOBKH) Research has opted for companies, which will declare handsome dividends in the upcoming results season, to be its top alpha picks in February.

The research house said it will focus on high-yielding stocks with back-ended dividends as well as anticipated special dividends to deliver the alpha total returns.

Its alpha “buy” picks for February include Genting Malaysia Bhd, Hap Seng Plantations Holdings Bhd, Malaysia Airports Holdings Bhd (MAHB), My E.G. Services Bhd (MyEG), Yinson Holdings Bhd and British American Tobacco (M) Bhd (BAT).

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