Monday, 18 Nov 2019 10:00 AM MYTMalaysian stocks have fallen to their lowest value in a decade, but financial experts said that price alone was not enough to tempt investors into overlooking the country’s heightened political risks, among others. — Reuters pic
Michiel van Voorst, chief investment officer for Asian equities at UBP Asset Management Asia Ltd, told Bloomberg that “valuation without a catalyst is not enough. The profit cycle needs to improve on an incremental basis.” Matters are exacerbated by glum earnings outlooks for local stocks, which Bloomberg said was caused at least in part by the government’s cancellation of key infrastructure projects from the previous administration.
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