Malaysian Equity Market's Upside Likely Capped by Macro Headwinds
Dow Jones
Yesterday
0117 GMT - Prevailing geopolitical and global macroeconomic challenges could cap the Malaysian equity market's upside, RHB IB analyst Alexander Chia says in a note. However, resilient corporate earnings and robust liquidity should provide support, keeping the market rangebound, he says. Portfolio management should remain anchored on a defensive footing as inflationary pressures push global interest rates towards a more hawkish trajectory, he says. Chia keeps his end-2026 KLCI target at 1750, and remains overweight on plantations, energy, oil and gas, property, construction, basic materials, technology, healthcare and transport. Continued rotational interest in laggard stocks and sectors is expected as investors maintain a trading-oriented approach, he adds. The KLCI is flat at 1701.19.
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