Top fund bets on long-term stock rally for Malaysia ...Middle East

KUALA LUMPUR: Malaysia’s government policies are positioning the nation’s stocks as a long-term winner in the region, with a nearly 10% rally likely to extend, according to one of Asia’s top-performing funds. “We are getting more confident on the policies that have been announced so far,” and are identifying potential beneficiaries of new measures that will be implemented, said Chun Hong Lee, a portfolio manager at Principal Asset Management Bhd. The benchmark FBM KLCI may rise another 5% to 9% in the next 12 months, he added. Sustained domestic investments and fiscal consolidation, coupled with the stabilisation of the ringgit, will help narrow risk p

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Last updated : 03 July 2024 clock 05:09 AM

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Top fund bets on long-term stock rally for Malaysia ...Middle East

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