Heightened volatility was experienced due to (i) rising inflationary pressure, (ii) tension between Ukraine-Russia, (iii) hawkish Fed’s tone and (iv) recession fears.
Given Malaysia has transitioned into endemic phase, it might benefit consumer & services sector with the reopening of business activities and upliftment of borders. We expect firm demand for the transportation & logistic sector moving forward.
We like energy sector with the elevated Brent oil price, while the tech sector could see upward potential after a near-to-40% drop in the sub-index from the peak.
We favour the banking industry under the interest rate upcycle environment.
Endemic phase - Living with Covid-19
The return of international travellers. Since April, Malaysia has uplift most of the Covid-19 SOPs and that will allow the return of international travellers that are fully vaccinated against Covid-19, entering the country without quarantine.
Covid-19 indicators are stabilising as our vaccination rate has achieved above the 80% mark with booster shots hitting about 50% of the total population in Malaysia. Meanwhile, the hospitalisation, ICU and death rate are at a manageable level, suggesting that the Covid-19 will be treated like a normal flu moving forward.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....