The good news is that CLSA’s latest Mr & Mrs Malaysia survey, which polled 2,555 Malaysian respondents in July, found them to be generally happier this year than in 2014. The Malays were also less pessimistic in the latest survey (18%) compared with three years ago (28%), but the unhappy 18% is a larger group compared with the Chinese and Indians, according to CLSA’s survey. Tan was quick to qualify that CLSA’s survey should not be used to predict the outcome of GE14. According to Tan, the next story for Malaysia and its stock market will not be about earnings growth anymore. “The easy money in Malaysia has been made so it’s no longer cheap, nor was it ever cheap before, but people were not expecting earnings growth for Malaysia before and that has happened.

Source: The Edge Markets September 18, 2017 08:03 UTC