WHAT HAPPEN TO BURSA MALAYSIA THE NEXT…..??? • According to CIMB Research, the third-quarter results fell below consensus estimates, which was another reason for the weak overall stock market performance. Based on the 117 listed companies the research house tracks, the percentage of stocks that missed expectations increased from 30% as at end August 2014 to 36% in the latest quarters. • Kenanga Research, meanwhile, said that during the third quarter, it “saw the highest number of companies under our coverage delivering below expectations results, or 40% of the stocks.” These samplings provide a fair picture of the general performance of most companies listed on our stock exchange. And it is, of course, not just the public companies but the private ones too that have to deal with these economic challenges. • The falling oil prices, which shows Malaysia’s exposure to external factors, pushed the ringgit to its lowest level since February 2010 against the US dollar on Friday. • Just over the last one month, foreign investors have reportedly taken out over US$3bil (RM10.4bil) from the country. Among us Malaysians, there seems to be an extreme obsession with politics, and there seems to be no real concern with business and economics. • Fund Houses has already openly admitted that KLSE is performing the worse in the region with many companies making lesser profit or making losses, but they keep issuing UNREALISTIC TARGET PRICE on stocks. Are these mousetraps?? • Budget 2015 was structured where OIL PRICES were still high. But now with OIL PRICES are in record low, are those plans in budget 2015 still can be implemented? Or will there be another form of taxes to the people to make up the differences? How about those people without cash handouts? Are they in trouble? • With the OIL PRICES low, many under performing oil and gas sector will risk being closed down. When businesses close down, people will lose their job. Our ringgit is already all time low now with the greenback getting stronger, do you think KLSE is going anywhere in any short term? • Many foreign investors are reducing their stake in KLSE, including Brahmal...who will be supporting the index?????
Posted on: Sun, 07 Dec 2014 12:20:24 +0000
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