Gain insights from a veteran investor on the long-term opportunities in Malaysian stocks during Capital Dynamics and icapital.biz Berhad’s 2023 Investor Day.
Tan Teng Boo of iCapital.biz thinks that the future looks good for Malaysian stocks, even though there are problems like pandemic recovery, geopolitical issues, political unrest, rising global inflation, unstable exchange rates, and extreme weather patterns.
Tan Teng Boo, founder of iCapital.biz, is positive about the future of Malaysian stocks, even though the world is facing problems like pandemic recovery, international tensions, political unrest, inflation, unstable exchange rates, and extreme weather patterns. He thinks that big changes are happening in Malaysia as its economy and government change, moving away from the bad effects of its previous leaders.
Tan praises Prime Minister Anwar for staying out of the fight between the US and China and stresses that Malaysia needs to keep good relationships as an open economy. Tan, who has been investing for more than 50 years, thinks that Malaysian stocks could go up. He bases this on past events and says that Malaysia is now at a crucial point for good change.
He says that investing for the long run is better than trying to time the market. Capital Dynamics and icapital.biz Berhad's 2023 Investor Day is on November 5, and Tan will talk more about his ideas then. Even though there are problems, he still wants to buy in Malaysian stocks.
Capital Dynamics Sdn Bhd was founded by Tan Teng Boo after the 1987 Black Monday market crash. He is known for being able to take advantage of problems to make money. This move led to the creation of Malaysia's first independent investment planner and the growth of the Capital Dynamics group in several places around the world.
Sources: Business Today