The FBM KLCI's price-to-earnings (P/E) at 15.6 times on Credi Suisse estimates; dipped below historical average only once in last five years when government halted offshore trading of ringgit in 2016.
Stocks trading at or below global financial crisis price-to-book levels include Uzma, Mah Sing, SP Setia, Gamuda, CIMB, AIRASIA Group, BAT, Genting, Genting Malaysia, Public Bank.
Shares offering more than 5% dividend yield include ASTRO, Malakoff, Maybank, SP Setia, Telekom Malaysia, CIMB, BAT, Mah Sing.
Clarity on plans to improve fiscal position, economic growth, ties with China and Singapore, leadership at government-linked companies and finalisation of mega projects can lift sentiment. - Bloomberg
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