Nomura turns positive on Malaysia, upgrades their call to overweight from neutral
https://cutt.ly/temhurRP
Malaysia continues to remain positive in the eyes of the global public, and I personally feel as Malaysians we ought to support our own companies where we can.
Nomura cites constructive domestic factors that makes Malaysia an attractive investment exposure to Emerging Markets, including our solid economic growth, increasing FDI, stronger MYR, liquidity from domestic funds and other supportive elements here. They also highlighted that not much foreign funds have invested into Bursa yet.
Key areas of focus include increasing FDI on supply chain shift and cloud and AI infrastructure being developed here.
They pick very famous and big names here, including $CIMB / 1023 (CIMB GROUP HOLDINGS BERHAD), $GAMUDA / 5398 (GAMUDA BERHAD) and $PENTA / 7160 (PENTAMASTER CORPORATION BERHAD) .
Nomura is arguably one of the more optimistic foreign entities positioned in Malaysia, and they were one of the first ones to turn optimistic on Hartalega back in 2022 with a buycall at around RM 1.6-1.8 if I remember correctly.
Take what they say with a pinch of salt, do your own research and analysis, but don't ignore the changing tone of many international organizations towards our country.