Thursday, March 31, 2011

Great Eastern expects Malaysian market to be more resilient than peers

KUALA LUMPUR: Great Eastern Life Assurance (Malaysia) Bhd expects the Malaysian stock market to be more resilient than its regional peers due to the elections.

Its chief investment officer Richard Lin said on Thursday, March 31 Malaysia's valuations were not excessive based on 2011 earnings, macro growth and historical average trading.

"Equity is still the preferred asset class for outperformance," he told said at a media briefing on the outlook of its investment linked fund here.

"Nonetheless, equity markets will remain volatile as investors evaluate the crisis in Japan and watchful of tension in the Middle East and north Africa and the impact on oil prices."

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