Market Watch - Malaysia

Malaysia’s Biggest State Fund Sees Strong Revival for Stocks

The biggest exodus of overseas investors from Malaysian equities since 2015 is spurring bets for a strong rebound in the Asian laggard. There’s potential for “significant upside” when foreigners return, lured by the nation’s strong fundamentals, said Abdul Rahman Ahmad, chief executive officer of Permodalan Nasional Bhd., the nation’s largest state-owned asset manager. – Bloomberg

 

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