Market Pulse - 12Oct23 - Focusing on Budget 2024

Sector focus: Under the Budget 2024, we believe investors will be focusing on the construction and building materials, while the property sector could be boosted by the Johor-related newsflow. Meanwhile, the news on the implementation of the Automotive High Tech Valley (AHTV) spearheaded by Geely with DRBHCOM may provide a trading catalyst within the automotive sector. We like the renewable energy sector as the NETR blueprint will be boosting the appetite for renewables going forward. 

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