|
|
Article: `Go for smaller-cap, value stocks'
- Article from:
- New Straits Times
- Article date:
- September 2, 2009
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
Adeline Paul Raj
New Straits Times
09-02-2009
`Go for smaller-cap, value stocks'
Byline: Adeline Paul Raj
Edition: Main/Lifestyle
Section: Business Times
Type: Market
INVESTORS should go for smaller-capitalised and value stocks as the Malaysian stock market, deemed expensive currently, is expected to trade range-bound over the next few months, analysts said.
The market, which is trading at around 15 times 2010 earnings, is seen as one of the most, if not the most, expensive in the region.
"We believe the (FTSE Bursa Malaysia) KLCI becomes more vulnerable to a correction in the near term with support at 1,100 points, which is also our end-2009 target," HwangDBS Vickers Research head of research ...