Time To Be Less Pessimistic

The FBM KLCI's performance in November was pretty stellar, rising by nearly 4% for the month. The recently concluded results season was pretty mixed. Among the large cap sectors, banks' earnings clearly delivered stronger profits lifted by the series of OPR rate hikes this year. Now that a cabinet is in place, the direction of the market in December and moving in 2023 will also hinge on the tabling of a new Budget, addressing of subsidies and other fiscal reforms. How should investors be thinking about their portfolios moving into the final month of 2022 and 2023? For answers, we speak to Alexander Chia, Regional Head of Research, RHB Investment Bank.

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