By Farah Wahida:
The recently concluded 13th General Elections (GE13) will positively affect local property developers and banks, with expectations that more infrastructure projects will be started by the winning party of Barisan Nasional led by Prime Minister Najib Razak.
According to Bloomberg, companies that will benefit from the election results include UEM Land Holdings Bhd. (ULHB), CIMB Group Holdings Bhd. (CIMB) and IJM Corp. (IJM).
Bank of America Corp.’s Merrill Lynch unit also cited government-linked companies such as Astro Malaysia Holdings Bhd. (ASTRO) and SapuraKencana Petroleum Bhd. (SAKP).
In the GE13, the BN secured 133 seats in the 222-member parliament. As such, Najib now has the mandate to deliver US$444 billion (RM1.318 trillion) worth of infrastructure and other investment plans by 2020.
“Najib and his government can push through the reforms and pump in the fiscal infrastructure,” noted David Poh, Singapore-based Regional Head of Portfolio-Management Solutions at the private banking unit of Societe Generale SA, which manages US$113 billion (RM335.44 billion).
“The whole economic growth is going to be positive,” he added.
Meanwhile, Idris Jala, who supervises Malaysia’s economic transformation, reckoned that the country has a “very healthy” investment pipeline. He added that the elections result will also significantly boost the country’s economy.
The recently concluded 13th General Elections (GE13) will positively affect local property developers and banks, with expectations that more infrastructure projects will be started by the winning party of Barisan Nasional led by Prime Minister Najib Razak.
According to Bloomberg, companies that will benefit from the election results include UEM Land Holdings Bhd. (ULHB), CIMB Group Holdings Bhd. (CIMB) and IJM Corp. (IJM).
Bank of America Corp.’s Merrill Lynch unit also cited government-linked companies such as Astro Malaysia Holdings Bhd. (ASTRO) and SapuraKencana Petroleum Bhd. (SAKP).
In the GE13, the BN secured 133 seats in the 222-member parliament. As such, Najib now has the mandate to deliver US$444 billion (RM1.318 trillion) worth of infrastructure and other investment plans by 2020.
“Najib and his government can push through the reforms and pump in the fiscal infrastructure,” noted David Poh, Singapore-based Regional Head of Portfolio-Management Solutions at the private banking unit of Societe Generale SA, which manages US$113 billion (RM335.44 billion).
“The whole economic growth is going to be positive,” he added.
Meanwhile, Idris Jala, who supervises Malaysia’s economic transformation, reckoned that the country has a “very healthy” investment pipeline. He added that the elections result will also significantly boost the country’s economy.
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