ANNOUNCEMENTS on new taxes and a painful Budget 2019 are just the excuses for investors to take their money out of Bursa Malaysia. The selldown of stocks on Bursa Malaysia, which is down only 3.7% year-to-date, is long overdue for several reasons. The MSCI Emerging Market Index is at 11.5 times. Economic growth at between 4% and 5% for this year and next year is fairly reasonable, considering the pressure on emerging markets. They will come back to Malaysia and other emerging markets when valuations are attractive and corporate earnings are on the rise.

Source: thestar October 13, 2018 00:00 UTC