Tech firms, reopening beneficiaries seen as top Malaysian stock picks in 2022
Investors will have to contend with policy and regulatory risks in Malaysia ahead of a general election that must be held by mid-2023
Kuala Lumpur
AFTER a largely disappointing year in 2021 and with trading sentiment still clouded by a host of risk factors, Malaysian stocks will likely see a market upswing at the start of 2022, fuelled by reopening hopes as investors shrug off fears over the Omicron coronavirus variant, analysts said.
Investors in the country will have to carefully pick the right stocks to do well this year, UOB Kay Hian said in a report.
However, UOB Kay Hian is advocating going defensive in the second quarter of 2022 as the market refocuses on global monetary policy tightening, in anticipation of policy rate hikes by major central banks around the world.
Domestically, investors will have to contend with policy and regulatory risks in Malaysia ahead of a general election that must be held by mid-2023, according to analysts…
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