Wednesday June 4, 2008
Stock downgrade by Goldman
By JOSEPH CHIN and LOONG TSE MIN
PETALING JAYA: In a climate of falling global markets, the local bourse suffered yet another downgrade, this time from Goldman Sachs & Co, which named Malaysian stocks least favoured in South-East Asia on concerns over political volatility.
“The premium market valuation that Malaysia enjoyed relative to most of its Asean peers had political stability as one of its pillars – this is now in question,” according to Goldman Sachs.
According to a Bloomberg report, the investment bank’s regional brokerage arm said Malaysia was “in unchartered territory”.
Bad News.....!
Favoured: 0
