Overvalued stocks – a call for vigilance

There are still value buys on Bursa Malaysia but the selection is diminishing.

SHOULD it be taken as a warning sign that world stocks are seen as most overvalued in 17 years, as revealed by a Bank of America Merrill Lynch (BAML) survey of fund managers?

Although emerging markets are still seen as undervalued by a large proportion of investors polled, the dominance of major market movements may cast a pall on trading.

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