OSK foresees that the market could be upgraded to NEUTRAL if markets continue to rally in the first half of February. An upgrade would put the spotlight back on Construction and Oil & Gas stocks with some spillover to Financials.
For now, OSK remains upbeat on Consumer stocks with expectations of strong results in an otherwise lacklustre results season. Top Buys for February are KPJ, MBSB, QL, Media Chinese and Padini.
The table below is the target price for OSK’s February 2012 top picks.
|Stocks||Price (RM)||Target price (RM)||Market Cap (RM million)||Rating|
Source : OSK Research