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=MARKET BUZZ: Malaysia's Investment Sentiment At 'All-Time High' -Inter-Pacific

KUALA LUMPUR (May 16) -- Sentiment in Malaysia economy and equities market are at 'all-time high' after first government change in over 60 years, says Inter-Pacific Asset Management Chief Executive Lim Tze Cheng. KLCI now +0.7% at 1860.53. "Although our current valuation at 15-16x PE is considered fair, a premium will be given soon on rising optimism in our economy, amid a more transparent government and better efficiency," he says; expects KLCI to hit another record high by this year on further clarity in new government policies. Lim's top pick is Technology stocks, as the sector is political neutral, and will benefit from improving earnings and strong growth prospects of U.S. tech players. "Consumer stocks will also outperform given a stronger spending power followed Pakatan's aims to reduce cost of living, but it will take a longer time to reflect on their earnings," he adds. Bursa Malaysia Consumer index now +1.2% at 720.17.

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