CIMB teach you what Stock to buy in 2012

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Limpeh also know how to say loh..

Utility: TENAGA, ytl power

Telco: Axiata, Digi, Maxis

Gaming: Bjtoto, MPHB (via magnum)


What We Think
• We are not surprised that investors are overall cautious about equities given the global stockmarket turmoil in 2H11. Malaysia too is not spared from the repercussions of a double-dip recession in Europe and a marked slowdown in the US. We are projected real GDP growth in Malaysia to slow from 5% in 2011 to 3.8% in 2012. There could be risk to our and consensus core EPS growth of 14-15% in 2012. But a key concern remains the general election, which is likely to be held this year.

What You Should Do
• We continue to advise investors to stay nimble in 2012 given the external and domestic risks. We still prefer the more defensive sectors such as brewery, gaming, REITs, telcos and utilities. Investors should take opportunity of any pre-election rally to unload stocks in cyclical sectors such as building materials and semicon. We recently downgraded the construction and property sectors to trading buy and choose to be more selective in our stock picks in those sectors.