Thanks for your detailed explanation. If the market in Malaysia is really that efficient, there is no way investors can make profit from the market, as all the information will be fully reflected in the stock price.

hi kcchongnz,

Congrates on your impressive return. Will Fama 3-factor model be a more appropriate way of explaining the stock return in this case? Since small cap and value firms tend to outperform the market. Thanks.

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