Malaysia in sweet spot for prolonged bull market

Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo —SHAARI CHEMAT / THESTAR

PETALING JAYA: The local equity market is in a sweet spot for a prolonged bull market, on the back of improved external development, the expected rebound in China’s economy, coupled with cheap stocks and ringgit valuations, said Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo.

He expects the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to, at least, double its current level to hit between 2,500 and 3,000 over the next three to five years.