Presentation to Client XYZ - JP Morgan Asset Management
Presentation to Client XYZ - JP Morgan Asset Management
Presentation to Client XYZ - JP Morgan Asset Management
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J.P. <strong>Morgan</strong> <strong>Asset</strong> <strong>Management</strong> Standard Template 2009.pptFY03FY05FY07FY09FY11FY13fFY15fMalaysia – uniquely defensive, Offshore emerging as a big sec<strong>to</strong>r* Malaysia’s markets are relatively defensive due <strong>to</strong> the size of the domestic financial system relative <strong>to</strong> the levels of foreignholdings or external debt.* At the same time structural investment opportunities are appearing. The government and the state owned energycompany, Petronas, are working <strong>to</strong> lift oil and gas activity.Petronas’ capex (RMbn)Expenditure in Malaysia E&P sec<strong>to</strong>r (RM bn)6030.028.7504030201025.020.015.010.012.816.319.821.522.3-5.0Domestic International Future CAPEX Total-FY2005 FY2006 FY2007 FY2008 FY2009 FY2010Source: UBS, Haver, CEIC
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