KUALA LUMPUR: HSBC Global Research projects the FTSE Bursa Malaysia KLCI (FBM KLCI) to rise about 4.0 per cent this year to 1,510 points, as the country continues to provide opportunities for investors based on the trade diversion theme arising from the US-China tension.
Head of equity strategy Herald van der Linde said the bright spot for Malaysia’s equity market falls on companies with exposure to the semiconductor sector that are set to continue to benefit from a growing distrust between the world’s two largest economies.
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