, 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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: