Malaysian Retailer MR DIY Outperforms Southeast Asia Peers

Malaysian retailer MR DIY Group M. Bhd., Southeast Asia’s top-performing stock this month, is drawing further bullish bets as analysts anticipate upside from the country’s improving consumption outlook.

The stock closed at 1.88 ringgit per share Monday, capping a 23% gain this month to lead all 91 members of the MSCI Asean Index. BIMB Securities has set a 12-month price target of 2.40 ringgit, while MBSB Investment Bank projects 2.20 ringgit.