Financial stocks bottoming out, says HwangDBS IM

Author: bicarajutawan | Category: Bursa Malaysia, Stocks

Financial stocks are bottoming out following the playing out of the subprime mortgage crisis in the US, said HwangDBS Investment Management Bhd (HwangDBS IM).
Its chief executive and executive director Teng Chee Wai said technical indicators pointed to the bottoming out of financial stocks and this presented an opportunity to buy low and potentially sell very [...]