With new state governments in Penang and Kedah, award of contracts might change.

Please get the fact right. BN still has majority and will form the gov so BN still has ultimate power what to do in the gov. The denial of 2/3 means that they can't change the constituition without opposition vote.
It has nothing to do with petrol price or other gov decision like toll price etc. A lot people don't understand it. Yup, opposition has a surpise win and deny the 2/3 majority of BN, but BN still will form the new gov and control the daily gov operation and decision like usual.

In term of the election result, the weak gov will be seen as not favourable to the stock market as stock market will see this gov is not strong enough and more uncertainty in political front.

The stock market generally won't care who win or loss, stock market like some certainty factors and whom can do best for the economy which eventually translate into corporate profit.

Btw, some political stocks might face some sell down due to the election result.

This post has been edited by cherroy: Mar 9 2008, 02:09 PM

Share Investing is about the future, not just tomorrow.

If BN were to win by 2/3 majority, FDI and FF would still view BN as not " pro business", despite Malaysia is a good place to invest in.

A Government is just like a management team, can be good or bad, weak or strong. It is my personal opinion that the BN management is weak, quite outdated . They have wasted resources for example , they invested a lot on hard copies such as press. media, and papers to reach the people. They do not know how to use the internet ( unlike BR) to reach people.

Where else the oppositions ( old or young ) are without resources, able to use their management skill to reach people through internet. They are more capable than BN in term of internet usage.

FDI came in record numbers last year to invest in E$E and Oil and Gas, basically situated in Selangor, Penang , Kedah and Perak. BR has capable leader ( Anwar ) and FF have high regards for him. IF BR IS PRO BUSINESS, efficient and capable , the FF would make a U turn to Malaysia.

Competition is good . A sharp drop may attract some investors waiting at sideline . It is not the end of the world.

However, BR is too engrossed over fuel and toll issues, they have to act fast to reach out to FDI etc.

But it is not a matter of days, perhaps months. One should take a longer term view.

Just my 2sen opinion.

This post has been edited by SKY 1809: Mar 9 2008, 09:21 PM

Was in jordan last week and it seems that the arab world was critizing BN. The papers mentioned that BN is oppressing the indians,chinese and others. With BN not winning 2/3 , I believe foreign investors will trickle in. BN won Pahang (majority win) will this help genting to go up ?
falling dagger or not, 6.55 (3182.kl) is irresistable.

very interesting... im very keen to see how's the market will be going now..

khairy cronies will go to hell !!!!

Hope the opposition don't dissapoint us.

ya...hope they'll fight for our rights n not for the sake of fighting only

Polls shock rattles investors: economists
Mar 9, 08 4:34pm

Weekend elections that have reshaped Malaysia's political landscape will reverberate in the stock market and could dampen investor confidence, economists said today.

Analysts said that although the government also suffered a rejection from the Malays who form its bedrock, investors may be concerned that the results could trigger political and racial instability.

"Fund managers will be concerned with the racial divide," Chua Hak Bin, a Singapore-based economist with Citigroup told AFP.

Chua said the "shocking" election results could keep investors at bay for the next three months.

"The polls outcome has rattled investors. There will doubts raised whether the development projects under the previous state governments will continue. The political shake-up could affect projects and companies," he said.

In the run-up to the elections, the Barisan Nasional launched a series of big-spending economic development plans touted as bringing tens of billions of dollars in investment and infrastructure to Malaysia's regions.

Chua said the fall of Penang, Malaysia's "Silicon Valley" which is home to many high-tech firms and the only state dominated by ethnic Chinese, could affect equity prices.

"It could also have an impact on billion-dollar projects in Penang, including the second bridge crossing," he said.

Kaladher Govindan, head of research at TA Securities, tipped the bourse to fall Monday and said that in the short-term it would suffer from fears over looming instability.

"My gut feeling is it will fall sharply. It is due to concerns of political uncertainties and whether there will be unrest. But it will not crash," he said.

Details: http://122.0.17.30/news/79513

I posted that before when KLCI plunged more than 50 points in few days time.

Seems like market already knew something that we don't know.

Especially when Gamuda MD disposed his share .. now all the northern corridor projects are in doubt, not to forget the double rail track project too.

Smart moves, if we could have caught the motives before this disaster begun.

rich ppl all hav insider story sources
sharp fall tomoro morning maybe??
expecting to go for a dive tomoro.
still got 1 lot of ASTRO wif me

---

Added on March 10, 2008, 12:18 amKUALA LUMPUR, March 9, 2008 (AFP) - Malaysia's former premier Mahathir Mohamad said Sunday his successor Prime Minister Abdullah Ahmad Badawi has "destroyed" the ruling coalition after disastrous weekend elections.


Sources: http://malaysia.news.yahoo.com/afp/2008030...ir-0193655.html

This post has been edited by Relish: Mar 10 2008, 12:20 AM

Resort is buying treasury . what does that mean? in the announcement records there are many times that resort buys treasury.

My fear has come true.. I have decided to zero my position two weeks ago amid of the polls result which I forsee will affect our market badly. I thought BN will lose many seats but not till losing 2/3 in parliament and lose control of 4 states and of course fail to get kelantan.. I may start shopping towards the end of the week... I have friends who bought in last week... They said 'I am gambling'. Sigh... I wished them luck.

show time!

KLCI drop 53 !!!

wahlao, terus tumble 50 points! crying man those who bought last week!

---

Added on March 10, 2008, 9:04 am1228.97 (-67.36)

anyone who enter in between might be able to get some profit (but still, risky)

This post has been edited by panasonic88: Mar 10 2008, 09:04 AM

good time for enter~

wah......stock looks sooooooooooo cheap! hahahaha....let the storm settle first.....panic selling now.....

---

Added on March 10, 2008, 9:07 ambut i c lots of ppl taking the chances to buy n push the counter back up a bit fr their sharp fall

This post has been edited by kinwawa: Mar 10 2008, 09:07 AM

53 points?
53 % is it?