MALAYSIA: Islamic stock investors can benefit from planters, builders, telecommunications and energy firms as the global economic recovery lifts the broader market, according to fund manager RHB Investment Management. Eighty-eight percent of securities listed on the local bourse, Bursa Malaysia, are shariah compliant.
RHB Investment also said construction firms such as Gamuda and WCT are likely to profit from government stimulus spending, while telecommunications companies like DIGI and Telekom Malaysia offer good yields.
It added that plantation firms Sime Darby and Kuala Lumpur Kepong, as well as oil and gas companies SapuraCrest Petroleum and Dialog will provide exposure for Shariah compliant investors. |
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