The 40% Stock Returns That Worry Aberdeen, PCCI

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After getting a 40 percent return on a $4,580 investment in steelmaker Pantech Group Holdings Bhd. in the past year, Vincent Ng Sze Tat is looking for the next winner among Malaysian small-cap stocks.

No matter that Aberdeen Asset Management Plc and PCCI Securities Brokers Corp. say gains among some of Asia’s riskier shares are overdone, while the heads of exchanges in Thailand and Malaysia are urging investors to exercise caution when trading in the smallest stocks.