Bargain hunters eye Malaysian assets

Strengthening currency: So far, 2020 has been good to some Malaysian assets. The ringgit has gained 0.6%, the best performance in Asia after Indonesia’s rupiah and the Chinese yuan.

KUALA LUMPUR: Investors are going bargain hunting in Malaysia as they expect government policy changes to start bearing fruit.

Global funds from Aviva Investors to BNP Paribas SA are picking out cheap deals in the country after its benchmark stock index had the worst year since 2008. Sentiment appears to be on the mend as inflows into Malaysian equities swell to US$121mil so far in January, the biggest monthly purchase in a year.