KUALA LUMPUR, June 8 — The Asean region will continue to be a supportive and attractive investment destination in the long term as its young population promises a vibrant economy, backed by primary economic sectors that include commodities, plantations as well as oil and gas.
“On foreign direct investments , we are relatively cheaper than China, thus we believe the FDIs will continue to come in for diversification,” she said in a panel session at the Invest Asean 2022 titled ‘Markets and Smart Money: Fight or Flight’ today. On investing, Lim advised investors to be more defensive while staying cautious in their holdings for the time being amid a slowing down on interest rates hike expectation by the US Federal Reserve .“Other growth sectors include tourism and medical related stocks. But we are not only looking at bigger caps, but also the smaller and undervalued ones as we believe there are opportunities that are yet to be discovered,” said Lim.
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