Fundamentals for Malaysia equities still solid; KLCI to hit 1,830: Maybank KE

Singapore

DESPITE a second round of movement control order (MCO) restrictions across most of Malaysia in a bid to curb the increase in coronavirus cases - the so-called MCO 2.0 - Maybank Kim Eng analysts say the underlying fundamentals for the country's equity market remain intact.

Maybank Kim Eng's regional head of equity research Anand Pathmakanthan said that although Malaysian equities have fallen increasingly out of favour with foreign investors, the market "can still move higher" as it is supported by domestic institutional and retail interest.