Overseas brokers he spoke to have signaled unusual interest in Malaysia, says Gan, who took “big positions” in three of the largest stocks including Sime Darby Bhd. “Recent investment conferences including one in Hong Kong have seen packed participation for Malaysia strategy meetings, which is unusual. Inflows hit a peak of 6.4 billion ringgit ($1.5 billion) in April, only to see a selloff halving them to 2.2 billion ringgit as of last week. Foreigners pulled 26.4 billion ringgit in the last two years. Stocks “risk becoming a value trap without better growth,” said Alan Richardson, a Hong Kong-based fund manager at Samsung Asset Management Ltd.

Source: The Edge Markets October 20, 2016 23:37 UTC