Some foreign funds will look to diversify their portfolios, especially for the financial sector. Foreign funds have been on a net outflow for the past six months in a row. “We believe foreign funds will make a U-turn back to Asia, as prevailing low valuations remain as the star attraction. Malaysia will enjoy some spillover effects, hence providing the much required liquidity in the market,” Yee said. “In terms of growth earnings, Southeast Asia or Asia Pacific is the region where we will see growth, and money should get into this region,” Thong said.
Source: The Edge Markets March 18, 2023 05:01 UTC