BlackRock to analyse Malaysia strategy

BlackRockThe world’s largest asset manager with a portfolio worth $4 trillion, New York-based multinational investment firm BlackRock, said it will continue investing in Malaysia after the general election took place in May and focus on the property and banking sectors.

But the company also remarked that it needs to “analyse” its position in Malaysia following the election results, saying that its investment strategy would depend on economic developments in the country after the elections.

“The opportunity was there because of the valuations. Now, there needs to be a change in the fundamentals. We need change occurring to drive better returns and better earnings,” Joshua Crabb, director and portfolio manager of Asia fundamental equities at BlackRock, said at a media briefing in Kuala Lumpur on June 4.

He added that Malaysian stocks were still “reasonably valued and still have room to appreciate” over the next 12 months, hinting at “hidden gems” within property and banking stocks, as well as construction and oil and gas companies.

In his view, Malaysia’s stock market is not at risk of developing a bubble as it is still trading at low prices, Crabb said.

 

 



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The world’s largest asset manager with a portfolio worth $4 trillion, New York-based multinational investment firm BlackRock, said it will continue investing in Malaysia after the general election took place in May and focus on the property and banking sectors. But the company also remarked that it needs to "analyse" its position in Malaysia following the election results, saying that its investment strategy would depend on economic developments in the country after the elections. “The opportunity was there because of the valuations. Now, there needs to be a change in the fundamentals. We need change occurring to drive better returns...

BlackRockThe world’s largest asset manager with a portfolio worth $4 trillion, New York-based multinational investment firm BlackRock, said it will continue investing in Malaysia after the general election took place in May and focus on the property and banking sectors.

But the company also remarked that it needs to “analyse” its position in Malaysia following the election results, saying that its investment strategy would depend on economic developments in the country after the elections.

“The opportunity was there because of the valuations. Now, there needs to be a change in the fundamentals. We need change occurring to drive better returns and better earnings,” Joshua Crabb, director and portfolio manager of Asia fundamental equities at BlackRock, said at a media briefing in Kuala Lumpur on June 4.

He added that Malaysian stocks were still “reasonably valued and still have room to appreciate” over the next 12 months, hinting at “hidden gems” within property and banking stocks, as well as construction and oil and gas companies.

In his view, Malaysia’s stock market is not at risk of developing a bubble as it is still trading at low prices, Crabb said.

 

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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