KUALA LUMPUR: Economic recovery for the second half of this year is likely to firm across developed markets as indicated by the markit flash Purchasing Manager's Index (PMI) for April 2021, says an analyst.
Affin Hwang Asset Management Bhd (Affin Hwang AM) managing director Datuk Teng Chee Wai said among other things, the recovery would be supported by the COVID-19 vaccine roll-out, which will allow the economy to start reopening.
"Developed markets are well ahead in terms of vaccination roll-outs to their population, while emerging markets are still struggling with a slower roll-out and this will affected the economic recovery," he said at Affin Hwang AM's 2021 Market Review and Outlook webinar today.
Meanwhile, Teng said Malaysia remains as an attractive investment market among its ASEAN peers, especially in the manufacturing sector.
Despite prolonged uncertainties within the rising geopolitical noise, investment opportunities still exist, he said.
Teng noted that the country's manufacturing sector is on a recovery path, propelled by a modest recovery in consumer spending on autos and household electronics, as well as continued spending on staples and building materials.
On May 5, IHS Markit said Malaysia's manufacturing sector recorded encouraging growth in April 2021 with its PMI climbing above the neutral 50.0 mark for the first time in ten months, and for only the second time since September 2018.
Malaysia recorded a PMI of 53.9 in April, the fastest rate of growth in the series' history since mid-2012.
On the ringgit's outlook, Teng said the local unit is expected to be stuck trading in a narrow range amidst a lack of fresh leads.
"Persistent worries about economic health and resurging COVID-19 cases are expected to boost demand for the greenback, hence, weaker Asian currencies, including the ringgit," he said.
The ringgit is likely to hit 4.1750 against the US dollar next week, mainly influenced by external factors.
-- BERNAMA
Bernama
Sat Jun 19 2021
![Global economy to recover in 2H, supported by vaccine rollout Global economy to recover in 2H, supported by vaccine rollout](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2017-01/71483544862_AffinHwangcapital.jpg)
Economic recovery for the second half of this year is likely to firm across developed markets as indicated by the markit flash Purchasing Manager's Index (PMI) for April 2021, says an analyst. - Astro AWANI filepic
![Kim Pan-gon letak jawatan? Kim Pan-gon letak jawatan?](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/61718169354_TBKimPanGon.jpg)
Kim Pan-gon letak jawatan?
Kim Pan-gon dipercayai akan mengadakan sidang akhbar hari ini untuk mengumumkan peletakan jawatannya.
AWANI Ringkas: Syor ambil guru Bahasa Inggeris dari Singapura jadi tumpuan
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
![Suspek kes kematian Nur Farah Kartini direman tujuh hari Suspek kes kematian Nur Farah Kartini direman tujuh hari](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/51721098519_suspekbunuhNurFar.jpg)
Suspek kes kematian Nur Farah Kartini direman tujuh hari
Perintah reman terhadap suspek lelaki berusia 26 tahun itu dikeluarkan Hakim Nurul Mardhiah Mohammed Redza.
KPM teliti cadangan sukarelawan Guru Bahasa Inggeris dari Singapura
Sukarelawan berbentuk hubungan diplomasi yang dibiayai kerajaan Singapura bagi bantu tingkatkan penguasaan bahasa Inggeris murid di kawasan miskin bandar dan luar bandar, kata Menteri Pendidikan.
#AWANInews #SisiTVParlimen
#AWANInews #SisiTVParlimen
Niaga AWANI: [Pasca IPO] Apa hala tuju Johor Plantations Group?
Johor Plantations Group (JPG) memperoleh RM735 juta daripada penyenaraiannya di pasaran utama Bursa Malaysia sejak 9 Julai lalu. Bagaimanakah pelan JPG untuk terus berdaya saing pada masa hadapan?
Impact of cloud complexity on cybersecurity risk and AI's role in this mix
Organizations who are adopting multi-cloud or hybrid cloud environments are having to navigate new complexities that emerge as they expand on cloud. As these cloud environments lead to the expansion of attack surfaces, a global survey conducted by Gigamon found that 93% of IT and security leaders predict cloud security attacks will increase this year.
[Data & Statistik] Prestasi Bursa Malaysia setakat 16 Julai 2024
Jumlah dagangan meningkat kepada 5.36 bilion unit bernilai RM3.95 bilion daripada 4.58 bilion unit bernilai RM3.72 bilion pada Jumaat.
[Data & Statistik] Kedudukan MYR berbanding SGD setakat 16 Julai 2024
Niaga AWANI bawakan prestasi terkini prestasi MYR berbanding SGD.
[Data & Statistik] Prestasi ringgit setakat 16 Julai 2024
Ketua Ahli Ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid berkata walaupun ringgit merosot, kontrak niaga hadapan Dana Fed menunjukkan bahawa penurunan kadar faedah mungkin akan berlaku pada September depan.
![Sekurang-kurangnya 4 maut, insiden tembakan di masjid di Oman Sekurang-kurangnya 4 maut, insiden tembakan di masjid di Oman](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/41721096727_RoyalOmanPolice.jpg)
Sekurang-kurangnya 4 maut, insiden tembakan di masjid di Oman
Beberapa orang turut cedera akibat terkena tembakan di sekitar masjid di Wadi al-Kabir, Muscat.