The Malaysian market looks to be trading at its bottom, and the United Kingdom’s referendum to leave the European Union or Brexit, has made Malaysia even more attractive, with Nomura upgrading it to an “overweight” as of Monday, said Nomura vice-president of equity strategy, Asean and Asia ex-Japan global markets, Mixo Das.
Nomura has a year-end target of 1,765 for the FTSE Bursa Malaysia KL Composite Index. It also sees the ringgit as being very cheap now and expects it to be the outperformer of regional currencies, going forward.
Among Nomura’s Malaysian buy-rated stocks which should be relatively resilient to Brexit risks are Tenaga Nasional Bhd, IJM Corp Bhd, AirAsia Bhd, Karex Bhd and Telekom Malaysia Bhd.
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Nomura has a year-end target of 1,765 for the FTSE Bursa Malaysia KL Composite Index. It also sees the ringgit as being very cheap now and expects it to be the outperformer of regional currencies, going forward.
Among Nomura’s Malaysian buy-rated stocks which should be relatively resilient to Brexit risks are Tenaga Nasional Bhd, IJM Corp Bhd, AirAsia Bhd, Karex Bhd and Telekom Malaysia Bhd.
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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