Malaysian corporate earnings for the June quarter came in stronger than almost anyone expected, with more positive surprises and fewer misses than the first quarter. For the first time since December 2020, not a single sector reported earnings that missed expectations overall, helped by strong commodity prices, our position as a net oil and gas exporter, and a resilient tech sector. But even with that showing, RHB is holding its year-end KLCI target at 1,750 points and staying Neutral on sectors like gaming, auto and rubber gloves. We speak to Alexander Chia, Head of Regional Equity Research at RHB Investment Bank, on what the results tell us about where the local bourse goes from here.

Image Credit: Shutterstock