JPMorgan upgrades Malaysia amid economic reforms, renewed investor confidence, data-centred investments — interview
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JPMorgan has upgraded its rating on Malaysia from 'underweight' to 'neutral' due to policy reforms, data-centred investments, and infrastructure buildout. Malaysia recorded a 4.2% GDP growth in Q1 2024 and earnings growth of 10-11%. The upgrade is also reflective of a governance reset following the 1MDB scandal. Foreign investors are returning to Malaysia, with a net inflow of $200 million in Q2 2024. Malaysia's potential as a technology hub is attracting interest, particularly in sectors like chip packaging, data centres, EVs, green energy, and solar projects. JPMorgan's upgrade reflects economic growth, effective policy implementation, and improving governance.
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https://theedgemalaysia.com/node/718568
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