Stocks to Rally 50% on Growing Capex

Malaysia grabbed headlines late last week when it announced an oil and gas project worth $20 billion in the southern state of Johor. State-run oil major Petronas [PNAGF Unavailable () ] will build an integrated refinery and petrochemical complex and raise the country's total refining capacity to almost 1 million barrels per day.

“The 10 percent gain may look modest, but don’t forget that Malaysian stocks yield around 5 percent. That means you could be looking at total gain of 15 percent, which is pretty decent,” said Wong.