ID :
156184
Thu, 01/06/2011 - 17:56
Auther :
Shortlink :
https://oananews.org//node/156184
The shortlink copeid
MALAYSIA IS BACK ON RADAR OF INTERNATIONAL INVESTORS
KUALA LUMPUR, Jan 6 (Bernama) -- Malaysia is back on the radar of
international investors, reflected by the huge inflow of foreign funds coming into
the local bourse since last September, Bursa Malaysia Chief Executive Officer, Yusli
Mohamed Yusoff said.
Commenting on the current bullish trend of the stock market, he said more
foreign money is expected to enter the country with foreign investors continuing
to look at the positive fundamentals offered here.
"Well, I see a lot of interest in this region. We hope this interest will
continue because, we have a lot of good quality stocks to offer to investors in
our market, and we do see good value in our companies.
"Hopefully, Malaysia will get a fair share of interest from the foreign
investors," he told reporters on the sidelines of Maxwell International Holdings
Bhd's listing ceremony here Thursday.
According to Malaysian Industrial Development Finance Berhad (MIDF) Research in
a recent research note, prospects for the local bourse would be good this year,
with foreign liquidity continuing to be drawn to Malaysia.
Last October, the FTSE re-classified Malaysia as an "advanced emerging market",
effective June this year.
"This is expected to attract foreign funds tracking FTSE indices (estimated to
be more than US$3 trillion). Malaysia will be only one of nine countries to be
in the category.
"Only four Asian countries are in the developed bracket (Hong Kong, Japan,
Singapore, Korea) out of 25," MIDF Research said.
Yusli said although it is still early days where the year is concerned, Bursa
would continue to focus on quality, good governance, transparency and investors
protection.
"We think this is important for all stakeholders in our market and
hopefully, they will get the recognition deserved from investors," he added.
--BERNAMA
international investors, reflected by the huge inflow of foreign funds coming into
the local bourse since last September, Bursa Malaysia Chief Executive Officer, Yusli
Mohamed Yusoff said.
Commenting on the current bullish trend of the stock market, he said more
foreign money is expected to enter the country with foreign investors continuing
to look at the positive fundamentals offered here.
"Well, I see a lot of interest in this region. We hope this interest will
continue because, we have a lot of good quality stocks to offer to investors in
our market, and we do see good value in our companies.
"Hopefully, Malaysia will get a fair share of interest from the foreign
investors," he told reporters on the sidelines of Maxwell International Holdings
Bhd's listing ceremony here Thursday.
According to Malaysian Industrial Development Finance Berhad (MIDF) Research in
a recent research note, prospects for the local bourse would be good this year,
with foreign liquidity continuing to be drawn to Malaysia.
Last October, the FTSE re-classified Malaysia as an "advanced emerging market",
effective June this year.
"This is expected to attract foreign funds tracking FTSE indices (estimated to
be more than US$3 trillion). Malaysia will be only one of nine countries to be
in the category.
"Only four Asian countries are in the developed bracket (Hong Kong, Japan,
Singapore, Korea) out of 25," MIDF Research said.
Yusli said although it is still early days where the year is concerned, Bursa
would continue to focus on quality, good governance, transparency and investors
protection.
"We think this is important for all stakeholders in our market and
hopefully, they will get the recognition deserved from investors," he added.
--BERNAMA