Fiscal Discipline Pushes Malaysia Stock Premium to Highest Ever
- Nation implements new sales and services tax in September
- Morgan Stanley upgraded the market to equal-weight last week
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Budget discipline and better economic fundamentals are setting Malaysian equities apart.
With a 6.6 percent rebound, the FTSE Bursa Malaysia KLCI Index is heading for its best quarter since the end of 2011, while the MSCI Asia Pacific Index has lost 2.3 percent. That pushed the valuation of the Malaysian gauge to its highest level since at least 2009 relative to the regional benchmark.