KUALA LUMPUR (Nikkei Markets) -- Shares of select Malaysian auto assemblers and telecom companies are likely to extend gains on the back of a strengthening ringgit that has turned key imported inputs cheaper, bolstering earnings prospects of select companies.
Shares of Axiata Group and Tan Chong Motors, which have gained 5.2% and 23% respectively this year, are poised for further upside through 2018 if the ringgit continues to rally, analysts said.
