Kenanga Investors favours small-cap stocks, especially exporters and builders
Add BT as a preferred sourceKuala Lumpur
MALAYSIA'S top-performing fund manager is adding to holdings of the nation's small-cap stocks, betting that a bull-market rally will continue as earnings improve and valuations trail larger peers.
Kenanga Investors Bhd favours exporters and builders as the US economy recovers and Malaysia boosts spending on infrastructure, chief investment officer Lee Sook Yee said in an interview. The FTSE Bursa Malaysia Small Cap Index is valued at 10.2 times estimated earnings, a 39 per cent discount versus the FTSE Bursa Malaysia KLCI Index of the biggest stocks.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Asean must retain more value as its digital economy races towards US$2 trillion: Indonesian minister
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Could Ohmyhome face Nasdaq delisting after selling its core unit for US$1? Experts weigh in
