This week’s The Edge had a bold headline on its front page – 20 stocks for uncertain times. These are the 20 stocks that they are recommending for the year 2009. I may not agree with some of these recommendations, but I’ll share what they’ve had to say anyway and you count on your own judgemetns.
Here’s part 1 of the 20 stock pick for 2009 compiled by The Edge. I’ll post the remaining half of the stock picks soon after.
1. Astro All Asia Networks – If you are the patient type who will wait for a decent dividend payout, then you stand to gain a 4% dividend gain from this stock.
2. Bintulu Port – It is felt that this counter will unlikely to be largely swayed by the economic downturn because of its business model. Plus, it has over the past few years been yielding a dividend of than more 10%. If past records were anything to show, I would agree with The Edge.
3. Hong Leong Bank – Its investment into China is becoming fruitful as it is yielding good results. Its other overseas ventures are also likely to be fruitful for the long term investor.
4. IJM – The core of this stock selection is mainly their steep discount of the current share price. There are uncertainties about the company’s performance but analysts feel that the low stock price itself is a big attraction to investors.
5. IOI Corp – If the share price of IOI Corp continues to fall, analysts feel that this is a good blue chip stock to hold on to in the long run. Enough said.
6. IJM Land – The consideration for this stock is merely based on the belief that the shareholders and management of the company are known for nurturing assets. I’m not sure if this is one reason I would bank on to bet my dollars on this share.
7. KLCC Property Holdings – The company is expected to weather the storm better than its competitors in the industry as it is strongly backed by a portfolio of buildings in prime locations. Also, its earnings from its property investment segment are locked with lease agreements.
8. KPJ Healthcare – Healthcare services should be one of the lesser affected industries by the economic turmoil, and the company is also on an expansion mode.
9. Malaysian Bulk Carriers – Having a strong balance sheet with little borrowings and a lot of cash put this stock in an attractive light.
10. Muhibbah Engineering – The company has continued to grow its earnings despite the economic slowdown. However, its share price has fallen as the market falls, thus it is trading below its net asset value. This may seem to be a good bargain for investors.
Watch out for part two of this post with the remaining 10 stock picks.
UPDATED: Read part 2 with the next 10 stock picks.
{ 4 comments… read them below or add one }
die lo…i only have IOI !! hahha. actually i finished writing on a similar post, but based on The Star and my own list. KPJ is in my hot list but waiting for it to drop to 2.50 range. Too high for now.
I could be wrong. 
the rest…not interested =_=
Come back to take a look at the next 10 stocks I’ll be posting soon. Maybe you will find that you have more than just the 1 recommended pick
hi penny!
have you listed down the other 10?
i’m just started to warm up to investments and i’m in my “research” mode
Hi Sza-Sza, welcome to the exciting world of investing! The second part of this post is here: http://www.mypennysense.com/20-stocks-for-2009-recommended-by-the-edge-part-2