After the recent 14th general election in Malaysia volatility has returned to the domestic markets as investors gauge the impact the new government will have on the economy.

While many investors naturally prefer steady uptrends or stable value investing strategies, a volatile market equally reveals opportunities to make significant return on investments, sometimes in just a matter of days.

Today the track.market team shares some of the stocks from the FBMT100 index that we think are worth having a second look at.

What is the FBMT100?

The FBMT100 is a securities index created and managed by Bursa Malaysia. It tracks the top 100 public listed stocks on the exchange, thus representing a curated collection of the strongest or market leading companies in their respective industry.

TELEKOM MALAYSIA BERHAD (4836)

Telekom Malaysia is a strong domestic brand with the widest market reach for land/fixed line and broadband services. With a steady extension of its fibre optic services and recently intensifying activities in the mobile service sector the company represents strong fundamentals.

As a response to remarks of Malaysias new government suggesting a tightening oversight of the sector and anticipated price cuts the companies stock declined up to 29% since the election date.

However there is still to be seen how much of the political remarks will result in actual actions that would not only effect TM, but all telecommunications companies in Malaysia.

With a strong growth in information technologies and TM being a dominating brand in its market research houses still see the company with a positive outlook, making it an ideal pick for long term value investment at it’s last closing price of RM3.85.

MMC CORPORATION BERHAD (2194)

MMC is a multi sector group with activities spanning from energy over logistics to construction. With 3 strong growing industry fields the company is standing on robust pillars for future growth depending on domestic and international macro economic trends.

Trading at RM1.42 on Thursday 14th June MMCs shares are near a 52 weeks low and technical analysis indicates a weakening downtrend, suggesting the ticker might recover shortly.

SCIENTEX BERHAD (4731)

Scientex is a textile material producer with a long history as one of Asias leading players in the industry. The company also diversified into other fields, such as property development.

After little volatility for the past year the companies shares dropped since earlier in the year and with a closing price of RM6.55 as of Thursday 14th June are near its 1 year low.

While an overall negative market sentiment and the last quarterly report tarnishes investors confidence in the stock a short term recovery above RM7 is likely, making trades with a horizon of 2 to 4 weeks a potentially profit play.

All 3 stocks are shariah compliant and are suitable for traders adhering to the principles of shariah compliant securities.