MALAYSIA'S political turmoil may worsen in the coming weeks and is beginning to hurt corporate earnings and valuations, Credit Suisse Group said."Given so much uncertainty in Malaysia, there is some risk that things could deteriorate significantly," Stephen Hagger, an analyst at Credit Suisse, wrote in a report today.
He kept his "underweight" rating on the Malaysian market.Investors should sell IOI Corp and Public Bank Bhd which are trading at a "premium to their historic lows," he said in the report. DiGi.Com Bhd and British American Tobacco (Malaysia) Bhd are also among his sell candidates.Malaysian de facto opposition leader Datuk Seri Anwar Ibrahim was charged today with engaging in homosexual relations. He pleaded not guilty. - Bloomberg
12 hours ago
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