HONG KONG: Investors looking for rebound candidates heading into 2020 should keep Malaysia off their lists, according to Jefferies Financial Group Inc.
The MSCI Malaysia Index has lost 15% since the surprise election victory of Tun Dr Mahathir Mohamad in May 2018, lagging behind the wider MSCI Asia Pacific ex-Japan Index. And it’s still too soon to buy the shares. Jefferies is maintaining its underweight position after first downgrading the nation following last year’s vote.
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