UBS Securities upbeat on Malaysia, highlights tech and logistics as growth drivers

KUALA LUMPUR: UBS Securities Malaysia is bullish on the local equity market, citing opportunities in technology, construction and logistics as the country continues to offer one of the most stable macroeconomic environments in Asean.

Global research head Nicole Goh said Malaysia’s economic fundamentals remain intact, driven by steady private consumption and investment activity.

“With new fiscal reforms, we expect an uplift in foreign investments. Bolstered by a strong domestic economy and foreign inflows, we continue to have a positive outlook on Malaysia and are overweight Malaysian equities,” she said in a statement.

Goh said the 13th Malaysia Plan and government measures to ease the cost of living lay the groundwork for sustained development expenditure, which could benefit infrastructure, property and consumer-related sectors.

Meanwhile, country head May Lee said UBS Securities has consistently maintained its position as Malaysia’s top foreign broker and one of the top three overall brokers, with a 10 per cent market share.

“Over the years, UBS has remained committed to expanding its suite of investment products and deepening liquidity in the Malaysian capital markets. We continue to see strong investment opportunities in Malaysia and are currently overweight on equities,” she said.

Lee added that investor appetite for Shariah-compliant investments has strengthened over the past decade, reflected in the steady expansion of the Islamic equity market.

Yesterday, UBS Securities announced it had become the first foreign broker in Malaysia to offer Islamic trading via Bursa Malaysia-i, further strengthening its presence in the market.

It said Islamic assets under management (AUM) in Malaysia accounted for 23 per cent of the country’s total fund management industry. As at December 2024, Islamic AUM stood at RM246.09 billion, up 8.82 per cent from RM226.14 billion a year earlier.

© New Straits Times Press (M) Bhd

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