While institutional investors in Hong Kong are “underweight” on Malaysia’s stock market, they see the market now as offering trading opportunities, said UOB KayHian Research.
“Institutional investors whom we met in Hong Kong remained ‘underweight’ on Malaysia, citing the lack of catalysts and expensive valuations,” the brokerage said, noting Malaysia’s appeal as a low-beta market.
“Nevertheless, most agree with our view that the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) now offers trading opportunities, having retraced 5.9% from its recent peak,” it wrote in its report.
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“Institutional investors whom we met in Hong Kong remained ‘underweight’ on Malaysia, citing the lack of catalysts and expensive valuations,” the brokerage said, noting Malaysia’s appeal as a low-beta market.
“Nevertheless, most agree with our view that the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) now offers trading opportunities, having retraced 5.9% from its recent peak,” it wrote in its report.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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