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Malaysia stocks “looking attractive” now, MIDF Group MD says

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KUALA LUMPUR: Malaysia’s stocks are “looking attractive” after being among the worst performers globally amid the pandemic, Malaysian Industrial Development Finance Bhd’s group managing director Charon Wardini Mokhzani said.

“The number of Covid-19 cases is up but I think the whole vaccination programme is doing well.”* More than 7 million people have received at least one dose of the Covid vaccine, of which 2.1 million people are fully inoculated, according to the health ministry.* Manufacturing sectors aren’t as badly affected as tourism and services sectors

* Monday’s RM150bil economic package offers a lot of cash transfer to the right people and will help to boost the economy, he said * MIDF sees “no bubble” with environmental, social, governance assets, and expects the trend toward investing in ESG to stay * MIDF will launch an online investment platform that will allow Malaysians to trade U.S stocks on the New York Stock Exchange and the Nasdaq, he said.Article type: metered

 

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