Strategy Note /
Malaysia

Malaysia: Government weakened by Najib verdict, politics a drag (in one chart)

  • Guilty verdict in former PM Najib's first of 3 cases related to 1MDB, follows government's settlement with Goldman Sachs

  • Perhaps a step to instilling anti-corruption ethics long-term, but increases snap election disruption risk short-term

  • PM Muhyiddin's slim majority relies on support from Najib's UMNO party (18% of parliament, 35% of ruling coalition)

Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Follow
Tellimer Research
28 July 2020
Published byTellimer Research

Related reading

Malaysia: Old men lacking in confidence but not ambition, 10 May 2020

Asia equity strategy: Vietnam tops a strong group, 2 July 2020

China manufacturing is irreplaceable but India and other Asians can win share, 20 June 2020

Corruption: The ugly truth for EM and ESG investors, 7 July 2020