Maybank IB sees good prospects in 2021 for mid-cap financial/banking, glove, healthcare, oil and gas, tech stocksMaybank IB retail research head Tee Sze Chiah said as it is four months before the end of the year, it would be to late to join the glove rally this year, though there are opportunities next year for some sectors.. — Bernama pic
“The first is mid-capitalised financial or banking stocks, because financial stocks behave or react positively to economic growth. “The first half and the upcoming quarterly results should continue to stay strong, because this basically reflects the current backlog that they have in hand right now. Another sector to look at is technology as 5G adoption is a long-term prospect, but in this case, stock-specific moves are very important, he noted.