Kuala Lumpur, 9 August 2018– Maybank Investment Bank Bhd (Maybank IB) launches its second half (2H2018) Market Outlook Roadshow, a series of investment sessions in various cities in Malaysia to share its view on the market and investment strategies.
Starting from 4 August, 2018 to 1 September, the roadshow kicked off in Kuantan, the first in the series which brings together Maybank’s experts with its clients to discuss investment opportunities and expectations for the rest of the year.
The 2H2018 Outlook Roadshow will cover a total of 10 cities across Peninsular Malaysia and East Malaysia with the main event to be held at Aloft, KL Sentral, Kuala Lumpur on 25 August, 2018. This event will feature a panel of Maybank’s market analysts discussing the ongoing shifts in Malaysia, market trends, and opportunities going forward.
Lim Sin Jin, Head, Retail Brokerage of Maybank IB says that while volatility is expected to persist in the market, Malaysia’s economic prospects remain strong, and the dampened market sentiment provides an attractive entry point for high-yielding dividend stocks.
“We are committed to guiding our clients to navigate the markets in these interesting times. Recent corrections in the market have unearthed fundamentally solid companies with good dividend yields. The FBM KLCI has already risen by 7% since end-June, underscoring investors’ optimism towards Malaysian stocks,” he says.
For 2H2018, Maybank IB Research advocates a trading strategy, with bottom-up stock picking approach as part of a long term investment strategy. The stock market is expected to be range-bound for the rest of the year, while optimism from the tabling of the 2019 Budget could provide an uplift in sentiment as investors get more clarity on policies and reassurance on the Government’s fiscal target.
It currently has a year-end target of 1,750 points for the FBM KLCI, pegged at valuation of 15.6 times forward earnings.