IPOs may lend support for bulls in second half

  • Business Premium
  • Saturday, 30 Jun 2012

KUALA LUMPUR: Despite the gloomy economic outlook around the world and failing Western economies, the slate of initial public offerings (IPOs) set to be listed on Bursa Malaysia may lend crucial support for the bulls in the second half of 2012.

MIDF Amanah Asset Management CEO and chief investment officer Scott Lim said the stage was set for the listing of several high-profile heavyweight IPOs which could further enhance foreign investors' perception of the country's capital markets.

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