Bursa Malaysia stock picks for 2009
Based on The Star newspapers’ Stock picks for 2009, here are some of the top stock picks for 2009.
- IOICorp
- Tan Chong
- AirAsia
- PPB Group
- Petronas Dagangan
- Petronas Gas
- Fraser & Neave
- Resorts
- Public Bank
Other stocks mentioned in other magazines/articles:
I personally feel that the above stocks have pretty good fundamentals with pretty good prospects especially IOICorp, AirAsia, Resorts and KPJ. But again, it is up to you to decide and for you to do your own homework. Remember not to over-relying on such stock picks since these stocks CAN BE quite volatile. Why? Because the list is being made public and everyone will most probably flock to them without doing any proper research. This was what happened to IOI few months ago. Popular stocks tend to have their price fluctuate a LOT.
As for me, I will not touch banking stocks for the most of 2009 even though Public Bank does seem to be the best (or the only good one) among the rest. I just don’t feel it is the right time to go in yet. But who knows, I might be wrong just like what happened in the last market crash. In 2009, I will concentrate on few defensive stocks and also focus on few sectors which will still do well during recession period – gaming and health. But we’ll see how it goes.
Good luck and hope this list helps. 
NOTE: I wrote this article last week, on January 3rd. The stock market has since went up by quite a lot especially Bumi-Commerce. Unfortunately, I’ve sold mine at a 4k loss just few weeks ago. Didn’t expect 1 China-related news to be able to cause the price to go skyrocket within few days.
NOTE: Spelled Burse instead of Bursa. =_= Corrected it. Sorry for the mistake
NOTE: The links to the stock will not show the updated price since The Star’s web site doesn’t allow that. You need to go and find the stocks manually in The Star Online : Business – Market Watch – Bursa Malaysia Stock Exchange
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.
the fixed deposits are rather low at 2.5% per annum…. i rather invest my fixed deposits in indonesia and get 7 – 8% per annum.