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PNB-owned MIDF group MD says Malaysia stocks are looking attractive now

MIDF is a unit of Malaysia’s largest state asset manager Permodalan Nasional Bhd PNB). “Everything is looking attractive,” Charon told Bloomberg TV on Tuesday. “The number of Covid-19 cases is up but I think the whole vaccination program is doing well,” he said. Malaysia is expected to return to normalcy this year, he said. Manufacturing sectors aren’t as badly affected as tourism and services sectors, according to him. He said Monday’s RM150 billion (US$36 billion) economic package offers a lot of cash transfer to the right people and will help to boost the economy. He said MIDF sees “no bubble” with environmental, social, governance (ESG) assets, and expects the trend toward investing in ESG to stay.

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