QUOTE(cherroy @ Feb 6 2009, 06:30 PM)
Market cheer or up because high hope on stimulus package II which worth around USD 900 billions (3x of Malaysia
) which is going to be passed.
Even locally, Malaysia will have stimulus II as well which could worth RM 20 billions at the expense of high deficit budget of gov.
Australia also has stimulus package II, wow, everywhere stimulus, stimulus, indeed it is something or economy recession most of us (those born after 70's) never seen before or experience before.
We might as well see the stablise of economy with little growth as well. There is no guarantee even the market has bottomed, market must go up, it can be just side way with little tilt on upside instead a V shape recovery (which a lot of people hope for, especially in stock market). It could be L shape for sometimes before everything back to normal.
Again DJ rebound from 79xx-8000 level which is the short term strong support line which has been tested three times already.
Just my 2 cents.
That's why I am stating there will be a 2nd half recovery for Malaysia's stock market. (Do remember that stock market is a leading indicator 6 months ahead of the underlying economy) The reason simply is that commodities market is ready to rebound and correct itself. If you look at soybean, soy oil , the substitute of cpo, it's been slowly climbing back up. Even locally, Malaysia will have stimulus II as well which could worth RM 20 billions at the expense of high deficit budget of gov.
Australia also has stimulus package II, wow, everywhere stimulus, stimulus, indeed it is something or economy recession most of us (those born after 70's) never seen before or experience before.
We might as well see the stablise of economy with little growth as well. There is no guarantee even the market has bottomed, market must go up, it can be just side way with little tilt on upside instead a V shape recovery (which a lot of people hope for, especially in stock market). It could be L shape for sometimes before everything back to normal.
Again DJ rebound from 79xx-8000 level which is the short term strong support line which has been tested three times already.
Just my 2 cents.
My take: Genting, IOI, KL Kepong, Asiatic, Alam, SeaLink, Sapcres, Ramunia, Petra Energy, Petra Perdana, Sime Darby, Zelan, Huaan should be closely looked at. Maybe certain steel counters like Lion Ind, and Kinsteel.
Feb 7 2009, 03:02 PM

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