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The Edge: Asia Analytica 2022 top picks hurt by poor sentiment but beat FBM KLCI

As for the losers, Awanbiru Technology Bhd tops the list with a total loss of 41%.The stock was selected based on Asia Analytical belief that it had good earnings potential on its cloud venture as well as shielded downside risk on potential government compensation for the termination of Sistem Kawalan Imigresen Nasional (SKIN), a new border control system that was to replace the current Malaysian immigration system — both of which failed to materialise. In addition, the stock was purchased at a hefty valuation of six times price-to-book ratio.

Source: The Edge


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