JPMorgan Chase is optimistic that Malaysia's implementation of policy reforms will drive economic development and increasingly attract foreign investment, sustaining the upward trend of Malaysian stocks.
JP Morgan Chase, after hosting the first JP Morgan Chase Malaysia Forum in early July, engaging in dialogues with three ministers from the Ministry of Finance, Ministry of Transport, and Ministry of Digital, and visiting multiple semiconductor factories in Penang, upgraded our country's rating from 'shareholding' to 'neutral' last week.
This globally renowned investment bank has set a target for the FTSE Bursa Malaysia KLCI to reach 1650 this year, and believes that achieving 1700 points if the market can sustain a bull market is not out of reach.
In the complete report released by JP Morgan, the opinion of Malaysia's Second Finance Minister Datuk Seri Amiruddin Hamzah was quoted, pointing out that Malaysia's political stability enables the government to implement policy reforms.
The report further indicates that Malaysia is committed to implementing necessary reforms to drive the economy towards upstream value chains and reduce the country's fiscal deficit.
"The gradual implementation of policy reforms has received positive feedback, and the 24% year-on-year growth in foreign investment approvals in the first quarter of this year already demonstrates the situation," Amiruddin Hamzah added.
Amiruddin Hamzah also added that the implementation of targeted subsidies requires difficult decisions, and thus the government must execute in a practical manner to ensure proper management of the inflation impact brought about by such implementations.
Enhancing Transport Hub
In discussions with Minister of Transport Wee Ka Siong, the JP Morgan analyst team learned that Malaysia intends to further enhance the capacity of transport hubs through investments in airports, railroad infrastructure, and seaports.
Among them, the East Coast expected to commence operations in 2027...

Google has announced a $2 billion investment in Malaysia to establish its first data center and Google Cloud region. This substantial move underscores Southeast Asia's growing allure for global tech giants like Microsoft, Amazon, Nvidia, and Apple.
The Malaysian government has welcomed Google's investment, anticipating it will advance the nation’s digital ambitions. The new data center in Elmina Business Park, Selangor, will support core ...

I won't say anything else, nvidia was awesome in the first half of the year. I hope it can hold up in the second half.