The Philippines, Malaysia and Thailand are all posting their fastest economic growth rates in years, while Singapore is poised to keep up that streak in data released on Thursday. All four economies are projected to slow into the final three months of the year while retaining impressive 2017 growth figures and keeping pace into next year, according to Bloomberg survey data.
BLACKROCK, the world’s largest asset manager, may be “underweight” on Malaysian stocks, citing stretched valuations, but surging oil prices may change the general tune.
Described as suffering from a “dearth of interesting stock opportunities,’ Bursa Malaysia may light up again ‘if oil prices ignite,’ said Pong Teng Siew, head of research, InterPacific Securities.
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