KUALA LUMPUR (Dec 17): CGS-CIMB has overweight ratings on bank, healthcare, gaming, oil and gas, electronics manufacturing services (EMS), media and rubber gloves sectors, and underweight ratings on chemicals and transport.
The research house said in a report that it likes the bank, gaming, oil and gas, EMS and media sectors for exposure to a recovering economy post-Covid-19.
“We continue to like the gloves sector, as it is expected to deliver record earnings in 2021 due to strong demand for gloves following the Covid-19 outbreak.
“However, as we had cautioned earlier, the key risk is that the rubber gloves is now a crowded trade given its stellar share price performance in 9M20 (first nine months of 2020). This, coupled with concerns over the treatment of its workers and potential new capacities coming on stream, has led investors to rotate out of the gloves sector into banks,” it said.
Flora Sia, 10
What would you do if you had a million ringgit? Would you want to build you a big swimming pool at home, treat your family to a holiday, put the money in your savings or maybe buy new computers for your school? How about new books for the school library? Or, would you donate the money to charity?
There are many things we can do with such a large amount of money. Let’s read what Starchild readers want to do if they had a million ringgit.
Bethany Wang Qi Syuen, 5
Animal lover
Bethany Wang Qi Syuen, five, wants to do her part to help animals in need. “If I have lots of money, I want to build a big house for the stray cats with food and treats for them so that they can be happy and cared for.”