, whereby the ringgit’s recovery will eventually provide a significant operational cost relief for the latter.
“All five of our alpha picks generated positive returns, with the portfolio gaining 8.6% month-on-month in January, outperforming the FBM KLCI which was down 0.7% m-o-m,” it pointed out. “The market undertone remained cautious presumably due to lingering political uncertainties, with the state election the next test for the unity government.”
This is driven mainly by a meaningful influx of international visitorship to Malaysia and Resorts World Genting.