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Investors still keen to buy Malaysian stocks


“There was no major pushback from investors on our FBM KLCI target of 1,638 points for end 2019, which is more conservative compared with some of our peers due to concerns over potential earnings disappointments and external risks,” CIMB Research said.  The firm, earlier, had met up with 288 investors from 65 firms in four countries – Malaysia, Singapore, Thailand and Hong Kong – over a five-week period in an investment roadshow to promote local stocks.

“There was no major pushback from investors on our FBM KLCI target of 1,638 points for end 2019, which is more conservative compared with some of our peers due to concerns over potential earnings disappointments and external risks,” CIMB Research said. The firm, earlier, had met up with 288 investors from 65 firms in four countries – Malaysia, Singapore, Thailand and Hong Kong – over a five-week period in an investment roadshow to promote local stocks.

PETALING JAYA: After a brutal 2018, portfolio managers both domestic and overseas are keeping a cautious view of the local stock market mainly due to the lack of strong buying catalysts.

But they are looking for buying opportunities and have indicated the likelihood of increasing their exposure if the investment conditions recover, according to CIMB Research.

Markets , Corporate News , CIMB

   

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