Malaysian equities may gain from China partnerships, Citi says – Business News


SINGAPORE: Malaysian companies with investments or partnerships with Chinese counterparts have seen increased returns, as seen by the out-performance of stocks.

These stocks include Malaysia Airports Holdings , DRB-Hicom and IJM Corp., according to Citi’s strategists led by Patrick Yau.

Increase in ventures is “timely” as Malaysia seeks more foreign direct investments and as exports to move from a consumption-driven model.

“Equity investors are looking for potential Chinese-Malaysian ventures with operations in either or both countries, especially in hospitality, logistics, telecommunications and finance businesses.

“Companies getting most sales from China include Sime Darby, Petronas Chemicals Group, VS Industry, Mega First Corp,” Citi said. – Bloomberg

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