And speculation is abound that BNM might cut rates...

Parkson, CapitaMalls shares fall on weaker Malaysian retail sales forecast
By Danial Idraki / theedgemarkets.com  | July 3, 2015 : 1:36 PM MYT 
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KUALA LUMPUR (July 3): Parkson Holdings Bhd ( Financial Dashboard) and CapitaMalls Malaysia Trust (Financial Dashboard) fell after consulting firm Retail Group Malaysia (RGM) cut its 2015 sales growth forecast for Malaysia.

According to a report by The Edge Financial Daily today, RGM cut its growth forecast to 4% from 4.9%. It was reported that RGM foresaw consumers holding  back spending, on higher cost of living and expectations of higher retail prices on a weaker ringgit.

At 12:30pm, Parkson (fundamental: 1.8; valuation: 1.7) fell two sen or 1.3% to RM1.55, with 618,700 shares traded.

Meanwhile, Capitamalls (fundamental: 1.8; valuation: 2) fell one sen or 0.7% to RM1.34, with some 1.4 million shares done.
http://www.theedgemarkets.com/my/article/p...-sales-forecast

oi, don't spread doom and gloom!