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Malaysian tech winners from ringgit slump now look risky to top fund
Add BT as a preferred sourcePublished Mon, Dec 21, 2015 · 09:50 PM
Kuala Lumpur
RIDING out the slump in the Malaysian ringgit by buying technology stocks has lost its allure for one of the country's top-performing funds.
Danny Wong Teck Meng, chief executive officer of Areca Capital Sdn, said he sold all his technology shares in the past month after the equities started to look expensive and the ringgit rebounded.
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