Investor demand for bigger dividends and smaller stock swings has pushed Malaysian telecommunications shares to record valuations and convinced at least one of the nation’s top-ranked fund managers the rally isn’t over.
Malaysian stocks are poised to extend losses after completing their worst month since September 2011 on concern the nation’s ruling coalition may lose seats in elections, according to UBS AG and Goldman Sachs Group Inc.
Genting Singapore Plc , the world’s third-biggest casino company by market value, slid to the lowest in four months in intraday trading in Singapore after posting a fourth-quarter loss on discontinued operations in the U.K.
Sales at Hong Kong’s biggest private residential projects fell to a fewer than 10 for a second straight weekend after the developer controlled by the city’s richest man said it would cut prices of new units in response to a doubling of the stamp duty.
Martin Lee, the youngest son of Hong Kong real estate tycoon Lee Shau-kee , paid HK$1.82 billion ($233 million) for a site in the city’s most expensive residential area, signaling luxury home demand is withstanding government measures to avert a bubble.