A trip through time at Restoran Chen Fatt in Seri Kembangan where the paper-wrapped chicken, ‘mui choy kau yoke’ are as good as everBursa Malaysia Bhd expects strong equities market performance in 2024, attributed to positive news on foreign direct investment , notably Microsoft’s US$2.2 billion investment in a cloud and AI hub. — Picture by Hari Anggara.
“Analysts generally expect some profit-taking in the shorter term, as they opine that the valuation is rather toppish, that is, valuations above the 5-year median.“Furthermore, with local institutional funds now sitting on gains year-to-date , there is potential for funds to lock in their gains, especially since Fed rate cuts have been pushed back,” it said.
“There is a robust pipeline of IPOs from diverse industries with five upcoming listings in May 2024 .