Here’s the promised part 2 of my earlier post on the top 20 stocks for 2009 as compiled by The Edge. If you have missed reading the first part, click here to read the other 10 stocks recommended for 2009.
11. Nestle – Analysts like this stock simply because it offers investors a steady earnings growth. Besides its steady earnings domestically, analysts also like the potential they see in Nestle’s exports activities.
12. PPB Group – The company is expected to benefit from the incorporation of Wilmar in its stable as analysts stay positive on Wilmar’s potential earnings.
13. QL Resources – This group, which has oeprations in marine products, crude palm oil milling and plantation and integrated livestock has proven to be one of the more resilient companies during the economic downturn. As a result, it has become a favourite amongst analysts.
14. Quill Capita Trust – Although the stock price has tumbled, its dividend payments has increased over the last two years amidst a volatile market. This seems to have gone down well with the analysts.
15. Resorts World – The main push for this stock is simply the huge amount of cash that the company has in its hands. Its debts are also negligible and it is able to continuously generate a healthy cash flow of about RM1.2 billion annually. WOW! It’s also a bonus that the share price is currently trading low.
16. SapuraCrest Petroleum – If you are looking for capital appreciate, then this is what the analysts are recommending as they see secure earnings for at least the next two years ahead.
17. Tanjong – Good dividend payouts have played a big role in making this stock a favourite. Also, analysts like the fact that Tanjong has operations outside the country and feel that it is to be the least affected IPP in the country towards the uncertainties in the regulatory environment on IPP licenses at home.
18. TM International – The only factor that put this stock in the top 20 list is the fact that its stock price is trading at 50% discount to its regional peers. The view is that it does not deserve to be so heavily discounted, but an upside is also uncertain. I personally am not confident on the analysts’ views and gut feel about this.
19. Top Glove – Although the company’s profit margins were affected when the price of raw materials escalated and the US dollar weakened, these are now reversed and profit margins are expected to improve as raw material prices decline and the US dollar strengthens.
20. YTL Corp – Large cash reserves and other receivables enable the company to continue on its acquisition trail. The company is also riding on the strength of a highly capable management team and it has proven itself it times of trouble as the performance of the share price has been relatively stable despite the recent economic downturn.
{ 2 comments… read them below or add one }
haha, I have Resorts. YTL Corp? I prefer YTL Power actually. And I prefer TM over TMI due to the huge amount of debt TMI still owes TM. And erm…Celcom is just not as popular as Streamyx and the fixed line.
Aih, i cut loss on my CIMB – i lost 4k and sold at 6. now due to 1 single news, it shot up to 7 =_=
Ouch!! In the share market, we can’t win all the time. Hopefully you can cover that loss with your other investments.