RHB Bank remains its top pick for the sector, CIMB Research said
PETALING JAYA: With all the uncertainties looming over markets globally, fund managers believe there is value emerging in certain sectors locally, such as banking, manufacturing and consumer.
According to Aberdeen Standard Investments Malaysia managing director Gerald Ambrose, the trade war between the two giant economies of the United States and China, whether it blows into a full-blown war or not, would lead to “a lot of” multinational corporations reducing their operations in China and moving to South-East Asia, especially for electronics manufacturing.
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