Bursa Malaysia Stock Watch

RHBInvest Research Highlights 03rd October 2011

kltrader
Publish date: Mon, 03 Oct 2011, 12:51 PM
kltrader
0 20,411
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.

03rd October 2011
 
Top Story: Market Review ' The big slide
Market Update
''       In the 3Q, the FBM KLCI hit both the all-time high of 1,594.71 (on 8 Jul) and the YTD low of 1,331.80 (on 26 Sep). The benchmark index closed the quarter some 191 points (-12.2%) lower vs. end-2Q, and down 8.7% YTD. The market decline was driven mainly by a loss in investors' confidence in US and EU governments' ability to find solutions to their respective problems. At the same time, disappointing 2Q corporate earnings and news flow fatigue failed to provide any support.
 
Sector Call
 
Construction: MRT to buoy the sector                                        Overweight
Sector update
''       We have turned positive on the construction sector as there is now even more urgency for the Government to expedite the roll-out of various public projects to pump prime the local economy to shield it against the increased risk of the global economy slipping into a double-dip recession.
 
Banks: Aug '11 system data ' Loan growth rebounds               Underweight
Sector Update
''       Aug '11 system-wide loan growth bounced back up to 13.4% yoy (Jul '11: +12.9% yoy) with loans to businesses expanding by a more robust pace of 14.2% yoy (Jul '11: +13.1% yoy) while household loans growth remained stable mom at 12.7% yoy (Jul '11: +12.8% yoy).
Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___


Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment