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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