Keep your money out of Bursa Malaysia until the political uncertainty subsides..... |
Credit Suisse keeps its 'underweight' rating on the Malaysian market
MALAYSIA'S political turmoil may worsen in the coming weeks and is beginning to hurt corporate earnings and valuations, Credit Suisse Group said."Given so much uncertainty in Malaysia, there is some risk that things could deteriorate significantly," Stephen Hagger, an analyst at Credit Suisse, wrote in a report today. He kept his "underweight" rating on the Malaysian market.Investors should sell IOI Corp and Public Bank Bhd which are trading at a "premium to their historic lows," he said in the report. DiGi.Com Bhd and British American Tobacco (Malaysia) Bhd are also among his sell candidates.Malaysian de facto opposition leader Datuk Seri Anwar Ibrahim was charged today with engaging in homosexual relations. He pleaded not guilty. - Bloomberg
10 comments:
You are right,Truly Malaysian,cash is king now.
Yes, I will wait until 16.09.2008 to see how is the situation before whether to decide to invest in Bursa Malaysia again.
If Anwar becomes PM on 16/09, Bursa Malaysia will fly....
Yes, keep cash now, the right moment will come very soon.
Mohamed Yakcop says otherwise? Can he be trusted?
KUALA LUMPUR, Aug 7 (Reuters) - Malaysia expects economic growth to
remain strong this year despite concerns over a slowdown in domestic spending
in the second half, Second Finance Minister Nor Mohamed Yakcop said on
Thursday.
"Even though it may have been slightly affected by private sector
spending, I still believe that the rate of economic growth during the second
half of 2008 will be positive," Nor Mohamed told reporters.
"Although not as high as the first six months, for the full year it will
still show a rate of economic growth that can be considered strong."
Malaysia's economy grew 7.1 percent in the first quarter from the same
period a year earlier driven by domestic consumption and exports on the back
of high commodity prices.
The country is a net crude oil exporter and the world's second-largest
producer of crude palm oil.
Nor Mohamed said growth would have continued into the April-June period.
"All indications are that growth during the second quarter ... have been
good," he said.
But high oil prices and cost increases could curb consumer spending and
hit exports.
Inflation in June jumped to 7.7 percent from a year earlier, its highest
level in more than 27 years, after the government hiked fuel prices.
"The second half is the issue because obviously the three factors that
promote growth -- consumption, investment and exports -- whether or not they
were affected by this increase in prices of oil and other goods, whether the
confidence to spend is there (are a concern)," the minister said.
Malaysia has officially forecast 2008 growth at 5 percent, easing from 6.
3 percent last year.
Truly Malaysian, it is sad to see our politician still painting untruthful picture about Malaysia economy, when can they wake up?
Can Anwar bring back foreign investors to Bursa Malaysia if he becomes PM? I think so. what do you think Truly Malaysian?
Truly Malaysian, What is the general institutional investors in Hong Kong's view on Bursa Malaysia?
It is very sad to see your country come to this stage. Malaysia should be safe saven in terms of investment.
Your country is filled with natural resources but the politicians just dun know how to utilise it instead they are more interested in politicking everyday.
Thanks for your news, Truly Malaysian. Bursa Tumbles another 10 points now....
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