KUALA LUMPUR: Malayan Banking Bhd (Maybank) emphasizes that its recent report entitled "2H2023 Market Outlook - Clearer Skies Ahead" maintains a broadly constructive stance on the outlook for the Malaysian economy and equity market in the second half of 2023.
In a statement, the bank referred to social media and media coverage based on an extract from the report, which was emailed on July 20, 2023, as part of a webinar invitation to selected clients.
"We regret any confusion that may have been caused by the incident and would like to reiterate that our '2H2023 Market Outlook – Clearer Skies Ahead' report is broadly constructive on the 2H2023 outlook for the Malaysian economy and equity market.
"The report highlights key factors such as services sector growth driven by tourism recovery as well as the recovery in domestic direct investment (DDI).
"It also mentions attractive thematics like high dividend yield, the country's strengthening commitment to sustainability, and Malaysia's clear success in attracting foreign direct investment (FDI)," it said in a statement.
Maybank said its research team's earlier views of the positive prospects of the economy is reinforced in the bank's commentaries and latest research reports today on the MADANI Economy.
The bank said the government is hitting the ground running on execution, starting with the National Energy Transition Roadmap (NETR), Part 1 which offers a practical pathway in transforming the economy, and driving the country's next phase of economic growth and long-term sustainability agenda.
"The transformative thinking behind the NETR underscores the MADANI Economy framework which emphasises the leveraging of Malaysia's many inherent strengths to be a leading Asian economy, by becoming a competitive and world class investment destination.
"We look forward to a productive webinar tomorrow to share Maybank Investment Bank's 2H2023 market outlook," it added.
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