Strategy Note /
Malaysia

MY : Strategy - Neutral on PERMAI stimulus package

    Ivy Ng Lee
    Ivy Ng Lee

    Head of Malaysia Research, Regional Head of Agribusiness

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    CGS-CIMB
    19 January 2021
    Published byCGS-CIMB

    Malaysia has unveiled a RM15bn stimulus package, dubbed PERMAI, of which RM2bn is estimated to be a direct fiscal injection. Our assessment is that PERMAI will have minimal earnings impact on telco, utilities and REIT earnings but could be negative for hospital players.