Tradeview’s Ng observes that due to the reciprocal tariffs, many fund managers are waiting on the sidelines to see the impact of the decision. “Even if the announcement is [more] favourable [than expected], the market will still take time to digest it.”

After witnessing the massive foreign outflow from Malaysia, he is less positive on the 2Q market outlook. “I don’t think it’s time for investors to be aggressive yet. It’s always good to conserve more cash and wait a while and see how things play out in the second half.”

The fear of data centre infrastructure being overbuilt is another concern for Ng, who says “the narrative that gave us a tailwind last year has become a headwind this year”.

Zhu Hann NG‘s comment in The Edge two weeks back is published online this week. Feel free to have a read HERE.