Value Partners co-founder, co-chairman and co-chief investment officer Datuk Seri Cheah Cheng Hye (pic) said the VP-DJ Shariah China A-Shares 100 ETF adopts a syariah-compliant feature and gives access for the Malaysian public to a basket of high quality, and carefully selected stocks in mainland China.
PETALING JAYA: The long-term prospects of China’s capital markets remain positive despite the recent regulatory crackdown, says Value Partners Asset Management Malaysia Sdn Bhd (Value Partners Malaysia) fund manager Kamal Mustadza.
He said while regulatory uncertainty could affect investor sentiment towards investment in China, the risk was merely temporary.
“The regulatory uncertainty in China is a near-term risk but we are still bullish on China for the long term,” he said.
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Investors chasing value in PSUs take CPSE index to 2-year high
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Experts say another 20% rally possible PSU stocks expected to remain in focus led by valuations gap, superior dividend yields and improving earnings visibility at many cos
Agencies
Investors’ appetite for undervalued stocks brought them to public sector companies on Tuesday, driving the index comprising shares of state-owned companies to a two-year high. The CPSE, or Central Public Sector Enterprises, index jumped 3.4% on Tuesday as against the 0.6% decline in the Nifty, opening up the possibility of another 20% rally over the next two months.
NTPC, which has 20% weight in the CPSE index, rallied 4.6% to Rs 112.65 on Tuesday while ONGC with 19.48% weight gained 3.7% to ₹118. The other two heavyweights, Coal India and Bharat Electronics gained 6% and 3%, respectively. The CPSE index has gained 20% in a month.