Analysts: Crucial for new govt to act quickly, take bold measures to boost confidence
Monday, 02 Mar 2020 01:58 PM MYT
Affin Hwang Capital believed the government will continue to focus on the current development of strategic projects which aligns with the five-year 12th Malaysia Plan, that is likely to be unveiled in the second half of this year. Meanwhile, MIDF in its weekly fund flow report today said offshore investors upped the selling activity last week to a whopping RM1.26 billion net of local equities, the largest weekly foreign net outflow in 88 weeks.
Affin Hwang Capital said despite the uncertainty on the political front in the near term, the research firm maintained its real gross domestic product growth forecast of 4.0 per cent in 2020 compared to 4.3 per cent in 2019, in view of the implementation of the economic stimulus package.
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