(Bloomberg) -- Malaysia stocks, Southeast Asia's
most expensive, are the only ones in Asia that have risen for 11
straight months. The rally may have further to run as rising
government spending and wages lift earnings.
``We're a lot more bullish than some people on Malaysia,''
said Hugh Young, who oversees $35 billion as managing director
at Aberdeen Asset Asia Ltd. in Singapore. ``The market may not
be cheap, but we're bullish on what's happening in that
market.'' The firm this year added to its stake in Bumiputra-
Commerce Holdings Bhd., Malaysia's second-biggest bank, and owns
stock in British American Tobacco Bhd., the nation's biggest
cigarette maker.
Read more at Bloomberg Stocks News
most expensive, are the only ones in Asia that have risen for 11
straight months. The rally may have further to run as rising
government spending and wages lift earnings.
``We're a lot more bullish than some people on Malaysia,''
said Hugh Young, who oversees $35 billion as managing director
at Aberdeen Asset Asia Ltd. in Singapore. ``The market may not
be cheap, but we're bullish on what's happening in that
market.'' The firm this year added to its stake in Bumiputra-
Commerce Holdings Bhd., Malaysia's second-biggest bank, and owns
stock in British American Tobacco Bhd., the nation's biggest
cigarette maker.
Read more at Bloomberg Stocks News
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