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30 JUNE, KUALA LUMPUR/SINGAPORE/HONG KONG: Malaysian stocks are “looking appealing” despite being among the poorest returns globally during the pandemic, according to Charon Wardini Mokhzani, group managing director of Malaysian Industrial Development Finance Bhd (MIDF).
MIDF is a subsidiary of Permodalan Nasional Bhd (PNB), Malaysia’s largest governmental asset manager.
“Everything appears to be appealing,” Charon said on Bloomberg TV on Tuesday.
“The number of Covid-19 instances is increasing, but I believe the immunization program as a whole is performing effectively,” he said.
He predicted that Malaysia would return to normalcy this year.
According to him, manufacturing sectors are not as seriously hit as tourist and service industries.
He said that the RM150 billion (US$36 billion) economic package announced on Monday provides a large financial transfer to the right individuals and will help the economy grow.
He believes there is “no bubble” in environmental, social, and governance (ESG) assets, and that the trend toward ESG investing will continue.
According to him, the Malaysian Investing Development Fund (MIDF) would develop an online investment platform that will allow Malaysians to trade US stocks on the New York Stock Exchange and the Nasdaq.
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