Friday, 20 Nov 2020 03:39 PM MYT
In a research note today, CGS-CIMB said a vaccine discovery would indicate that the worst may be over for the ongoing pandemic. “In our second half of 2020 strategy note, we mooted the Covid-19 recovery theme and advised investors to start accumulating stocks in these sectors due to their attractive valuations and on expectations of an earnings recovery post-pandemic in 2021.
For exposure to the economic recovery post-Covid-19, CGS-CIMB said it favours the banking sector, which was recently upgraded to an “overweight” stance, as most of the bad news has been priced in.
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