KUALA LUMPUR: AmInvestment Research believes the sharp fall in China’s Evergrande Group share price will have a limited impact on Malaysia’s stock market. Evergrande’s share price fell 10% on Monday to HK$2.28. As for the impact on Bursa, AmInvest Research believes the impact to Malaysia’s stock market will be limited. “In terms of direct exposure to China’s property market for stocks under our coverage, only two property companies have exposure to China property market. The weaker earnings growth is due to the reduction in earnings growth from Top Glove, which is one of the FBM KLCI components,” it said.

Source: The Star September 21, 2021 02:15 UTC