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M'sian top fund buys property stocks at 32% discount

Valuations have come to a point that it is worthwhile to start buying, says Eastspring's chief investment officer
Monday, October 19, 2015 - 05:50

Kuala Lumpur

MALAYSIA's top-performing fund is buying the nation's property companies after a slump in shares left valuations at their cheapest level in at least seven years, relative to global peers.

Eastspring Investments Bhd has started "nibbling" on some of the stocks that have