Hitting the road. We were on the road during the last two weeks of June, meeting over 35 investors in the US and UK. While sentiment was generally weak, Malaysian equities received a warmer reception in London where interests were in its defensiveness and dividend yield prospects. Our Overweight call on the glove producers and some high conviction mid-cap BUYs (KLCCP, MPHB, Padini) also received a positive response. As expected, the upcoming 13th General Election (13GE) dominated the macro conversation.

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Source: Maybank Research - 4 July 2012