Malaysia's Equity Market Could Face Headwinds in 2H
Dow Jones
3 hours ago
0203 GMT - Malaysia's equity market is likely to face a confluence of external and domestic hurdles through most of 2H, Hong Leong IB analyst Jeremy Goh says in a note. Headwinds include renewed Iran war risks, hawkish Fed expectations, the KLCI expansion overhang and potential general election jitters, he says. However, these headwinds are expected to be temporary and mostly subside by the year-end, allowing the market to recover, he reckons. Hong Leong cuts its end-2026 KLCI target to 1760 from 1770. Tenaga Nasional, Sunway and CelcomDigi are among its top picks. The KLCI is 0.3% higher at 1714.02.
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