KUALA LUMPUR: Malaysian equities have been upgraded to an “overweight” by JPMorgan in a report, which advised investors to buy quality growth stocks whose businesses relied on domestic demand and Economic Transformation Programme (ETP)-related growth.
The bank's Kuala Lumpur- and Hong Kong-based analysts said investors should buy “quality growth stock” now as local equities have underperformed emerging markets while emerging markets have significantly underperformed developed markets.
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