Malaysia Strategy

Research evidence excerpt

Malaysia Strategy

aner recovery narrative with targets and more

colour across key segments. SDG has improved disclosures following Sector Planters

its inaugural investor. However, greater granularity on the potential BBG Ticker SDG KLK

development value of its Malaysian landbank could further help the Market cap (US$ mn) 10,396 5,769

market better appreciate and unlock the value of its strategic land 30-day ADV (US$ mn) 19.6 2.4

assets. Rating OP OP

• Tech: Undervaluation is not an issue but low liquidity is an area where Current price (RM) 5.91 20.32

MYVU can improve with stocks in this sector. VITRO's liquidity can be Target price (RM) 8.00 29.30

improved upon formulating a mid-term plan that clarifies its positioning TSR 38% 48%

within the overall tech value chain along with their growth plans within Mid-term plan disclosure ✓ 

their addressable markets. Disclosures to improve the understanding of

Sector Others this business may broaden the investor base and increase liquidity.

BBG Ticker MRDIY VITRO

• IJM in Industrials would be a prime candidate for its mid-term plan Market cap (US$ mn) 4,291 2,887

formulation under MYVU in unlocking value from its assets. We also

30-day ADV (US$ mn) 5.0 6.8

observe various opportunities for MYVU to improve on valuation, liquidity

and fundamentals through improved disclosures among Real Estate Rating OP OP

names. Current price (RM) 1.78 5.99

• Next steps: The MYVU guidebook is to be released in June, providing Target price (RM) 2.10 7.00

TSR 22% 17%

clearer expectations in the formulation, disclosure and articulation of

Mid-term plan disclosure ✓  mid-term plans by corporates. This is to be followed by the submission

of formal mid-term plans amongst the 88 companies by the end of Source: Bloomberg, Macquarie Research, May 2026