AmInvestment Bank Research also noted that Indonesia, Thailand, Singapore and Brunei are moving towards a “living with Covid” strategy instead of a “zero Covid” strategy favoured previously. “For Malaysia Airports Holdings Bhd (MAHB), it should translate into higher passenger volume,” it said. “The discount in our valuation reflects the recovery towards normalisation though not fully to the pre-pandemic level in the near term,” it said. It also expects brewers to benefit from a pick-up in tourism activities (top picks: Carlsberg Brewery Malaysia Bhd and Heineken Malaysia Bhd ) and favours retail players (top picks: Bonia Corp Bhd and 7-Eleven Malaysia Holdings Bhd ). “Investors should seize on opportunities to re-weight into recovery plays at lower levels including looking out for ‘bombed-out’ stocks.

Source: The Star October 11, 2021 23:15 UTC