As we approach the week of February 24, 2025, investors are closely monitoring Malaysian stocks for potential opportunities. This week, several key stocks have been highlighted for their strong performance, market momentum, and analyst recommendations. Here’s a look at the top Malaysian stocks to watch next week, with a special focus on those included in the FTSE Bursa Malaysia KLCI (Kuala Lumpur Composite Index).
Top KLCI Stocks to Watch
These companies are part of the KLCI and have strong market potential:
1. YTL Power International Berhad (KL: YTLPOWR)
- A top performer with 13 out of 14 analysts issuing a “buy” recommendation.
- Expected to hit record earnings in 2026 and 2027, driven by AI-powered data center growth.
- Target price: RM5.24 (19.3% upside from RM4.39).
2. Hong Leong Bank Berhad (KL: HLBANK)
- All 17 analysts covering this stock recommend a “buy.”
- Currently trading at 1.15 times its book value of RM18.19.
- Target price: RM25.19 (23.4% upside from RM20.42).
3. Press Metal Aluminium Holdings Berhad (KL: PMETAL)
- Positioned well in the aluminum market, benefiting from China’s policy changes.
- 13 out of 14 analysts rate it a “buy.”
- Target price: RM5.99 (23.9% upside from RM4.83).
4. Gamuda Berhad (KL: GAMUDA)
- 19 out of 21 analysts give a “buy” rating.
- Strong order book and potential inclusion in the FBM KLCI could drive growth.
- Target price: RM5.67 (20.6% upside from RM4.70).
Other Promising Malaysian Stocks to Watch
These companies, while not part of the KLCI, are making headlines due to strong performance and market potential:
5. AEON Co. (M) Berhad (KL: AEON)
- Breaking out of a trading pattern with increased volume.
- Recommended buy range: MYR1.47 – MYR1.57.
- Resistance levels: MYR1.70 and MYR1.85.
6. Vetece Holdings Berhad (KL: VETECE)
- Approaching a bullish breakout with rising RSI.
- Recommended buy range: MYR0.485 – MYR0.510.
- Resistance levels: MYR0.550 and MYR0.600.
7. Feytech Holdings Berhad (KL: FEYTECH)
- Positioned above key moving averages, signaling potential breakout.
- Buy range: MYR0.735 – MYR0.785.
- Resistance levels: MYR0.850 and MYR0.925.
8. 99 Speed Mart Retail (KL: 99SMRT)
- Malaysia’s largest IPO in seven years, debuting in September 2024.
- Plans to expand its store count to 3,000 by 2027.
- Significant growth potential in the retail sector.
9. Sunway Healthcare Group
- Preparing for a possible IPO valued at over RM3 billion.
- Expected listing in late 2025 or 2026.
- A key player in Malaysia’s growing healthcare sector.
10. Petronas
- Aiming to increase oil and gas output to 2 million barrels per day by 2027.
- Major projects like Kasawari gas development expected to boost revenues.
Final Thoughts
With the market showing strong potential across various sectors, investors should keep an eye on both KLCI stocks and emerging players. YTL Power, Hong Leong Bank, Press Metal, and Gamuda remain top choices for KLCI-focused investors, while AEON, Vetece, Feytech, 99 Speed Mart, Sunway Healthcare, and Petronas offer alternative opportunities. As always, conduct thorough research and consider your risk tolerance before making investment decisions.