Outlook:
Currently trading at 15x 2010 PER,Malaysia is not cheap versus the region, but could prove to be defensive should profit taking set in. Earnings growth outlook could see upward revisions should CPO prices take a turn up in the next few months due to possibility of El Nino. In addition, bank credit costs may come in lower than expected as loan deterioration looks to be more benign.
"Overall market is not so cheap, but there're some stocks , still good for bargain. Have some fun on hunting those super stock" - Tun Dr. Ir Sultan Lee
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