Ringgit to improve, currency undervalued, stocks cheap

According to Mobius, who is the executive chairman of Templeton Emerging Markets Group, foreign funds would eventually return to Malaysia given the undervaluation of the ringgit and the inexpensive valuations of Malaysia

KUALA LUMPUR: A seasoned fund manager, Mark Mobius expressed optimism that the ringgit will improve and that issues surrounding 1Malaysia Development Bhd (1MDB) will not have a long-term impact on Malaysia.

According to Mobius, who is the executive chairman of Templeton Emerging Markets Group, foreign funds would eventually return to Malaysia given the undervaluation of the ringgit and the inexpensive valuations of Malaysia’s market.