PETALING JAYA: Malaysia is the best-performing Asean benchmark index year-to-date, up 10%, as policy execution and foreign direct investment inflows lift sentiment.
According to Maybank IBG Research, the Johor Baru-Singapore special economic zone (SEZ) and technology upcycle will drive the next leg of gains.
It picked Solarvest Holdings Bhd
, ITMax System Bhd, S P Setia Bhd as beneficiaries of the JB-Singapore SEZ, while Frontken Corp Bhd and Sam Engineering & Equipment (M) Bhd stood to benefit from the higher demand in the tech sector.
“Malaysia and Thailand, the markets we are ‘overweight’, also happen to be the most underweighted markets by active funds vis-à-vis MSCI Asia ex-Japan weightings.
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