KWAP looking to increase exposure

By DANIEL KHOO

KWAP CEO Nik Amlizan Mohamed

PETALING JAYA: The relative valuation of stocks on Bursa Malaysia is considered “cheap” and may offer opportunities for the Retirement Fund Inc (KWAP) in the near to medium term even as market volatility continues to dominate risk assets.

KWAP CEO Nik Amlizan Mohamed said the benchmark FBM KLCI used to trade at 17 times price to earnings ratio (PER) just a few years ago but the pandemic and current bearish global markets have seen valuation of the local index fall to 12 or 13 times PER.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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KWAP , Nik Amlizan Mohamed , AUM

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