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In a Maybank research report entitled Capitalising Value and Growth Investment, the report says that excess returns from value equities is likely to follow a

  1. In a Maybank research report entitled Capitalising Value and Growth Investment, the report says that excess returns from value equities is likely to follow a time period of below par performance, rendering early identification and purchase of value equities ineffective strategically. Explain why early buying of value equities is ineffective strategically. (6 marks)

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