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Good time to accumulate stocks, says analyst
savemalaysia
Publish date: Thu, 23 Jun 2022, 10:36 AM
PETALING JAYA: Investors should accumulate stocks, despite the plunge in the market.
“Whenever the sentiment is all doom and gloom, it usually signifies the bottom of the market or close to the bottom,” Trident Analytics chief research officer Peter Lim Tze Cheng told StarBiz, adding that it was the best time to find stocks with good company fundamentals and collect them.
He said the strategy for investors should be to “collect” stocks.
Commenting on sectors to invest in, he believes such sectors include those which are in the recovery game, namely, financial, building materials, industrial products and consumer sectors.
Despite opening higher at the start of the opening bell, the FBM KLCI succumbed to profit-taking activities yesterday as the key index lingered mostly in negative territory.
At 5pm yesterday, the 30-stock index plunged 26.78 points, or 1.84% to 1,431.10.
The index opened 3.25 points higher at 1,461.13 yesterday.
Market breadth turned negative as losers overpowered the gainers on a ratio of 640-to-255 stocks.
Traded volumes rose to 2.72 billion shares, valued at RM1.9bil as profit-taking activities took control. Along with investors’ profit-taking, dealers said investors were also concerned about the the risk of recession arising from global inflation.
Mercury Securities expects global equities to remain volatile in the short term amid fears of persistently high inflation forcing central banks across the world to raise rates at a more rapid pace.
On Bursa Malaysia, Nestle tumbled RM2 to RM132.50, Malaysian Pacific Industries shed RM1.92 to RM26.86, Kuala Lumpur Kepong lost RM1.30 to RM22.14 and Petronas Dagangan fell 56 sen to RM20.50.
Consumer stocks dominated the gainers’ list on Bursa Malaysia. Dutch Lady rose 42 sen to RM33.10, Heineken Malaysia added 28 sen to RM23.70 and Carlsberg gained 22 sen to RM22.02.
Among the banks, Maybank lost five sen to RM8.60, Public Bank fell seven sen to RM4.40 and CIMB declined six sen to RM4.90.
https://www.thestar.com.my/business/business-news/2022/06/23/good-time-to-accumulate-stocks-says-analyst
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Discussions
Be the first to like this. Showing 31 of 31 comments
Totally in agreement
One long term value investor is Robert Kuok who investing in real businesses at first and then listed his Companies
And palm oil investing is one good focus of success
2022-06-25 09:03
Forget it! Markets unstable! Politics not stable! Nothing to look forward to! Better invest in Vietnam or Indonesia!
2022-06-25 15:39
Agree with Tobby. Talk is easy, we invest with real money. The worst is yet to come for US. Wait and see first.
2022-06-25 17:00
Analyst always say so during market drop, they buy stocks with their mouth.
2022-06-25 17:06
1. Glove - done!
2. Steel & mineral - done!
3. Smelter - done!
4. Logistic - done!
5. Semi-conductor - done!
6. Packaging - done!
7. Plantation - done!
8. O & G - done!
9. Properties - considered done!
10. Awaiting
2022-06-25 17:21
palm oil stocks not done yet due to these factors
Cpo spiked up to Rm9000 on overshoot on the upside due to Indon ban exporting palm oil
now Cpo overshoot on the downside to Rm4650 on the resumption of Indon palm oil export
But the surplus palm oil sudden release will be absorbed in next few weeks by world 8 billion people real daily demand for cooking oil and 50% of all supermarket items from bread to biscuit to toothpaste to soap
Also Brent oil still above Usd113 lots of palm oil and soyoil will go into biofuel at sky high prices
Even at Rm3000 km Loong people Said they can make money as cost of cpo production only Rm2000 so at Rm4600 there is still very high real profits
So we will stay invested in palm oil as a class of high food prices now plus people like Robert Kuok invest in palm oil for decades with great success
2022-06-25 17:34
Banking sector is trending downward also - half done already! Sad to say plantation companies share prices is already done!
2022-06-25 17:42
Recession is knocking the door. Need to figure out the next sector going to be the star performer in coming months.
2022-06-25 17:46
Construction sector is always the first one to move if there is a genuine recovery in the macro economy. It will then be followed by banking sector. After that, the whole market will start to move in tandem. Based on my experiences. Keyword here is genuine.
2022-06-25 17:46
gohkimhock. Construction is already half dead after suffering high construction material price for the last 2 years. It's a potential recovery sector while materials prices crashing. Can construction sector perform well during recession period?
2022-06-25 17:54
plantation share prices down short term do not mean they are down permanently
Palm oil companies will be reporting good decent profits as long as Cpo prices holding above Rm4000 as cost is only Rm2000 and real profit is 100% for efficient players
so just watch Aug, Nov 2022 results
2022-06-25 18:02
To treasurehunt : What is your no. 10, please ? I am waiting for your answer.
2022-06-25 18:03
real inflation is coming
very high feed cost of maize for chicken so expect higher prices for chicken and eggs soon and if price still under control then prepare to see chicken farmers close shop with no chicken available like in Spore
also prepare to pay higher prices for cooking oil soon and by proxy very high inflation for all products using palm oil
2022-06-25 18:05
ahbah. Any crash of commodity prices would be directly benefited to the companies with the strong bargaining power in lagging passing the costs benefits to their customers.
2022-06-25 18:17
in Indonesia Tsh got 4 palm oil mills and during the export ban small time plantation owners with no mill have to sell their fresh fruit bunches at up to 70% discount to mills with 4 palm oil mills in Indonesia will benefit
So Tsh
2022-06-25 18:24
Fed fight inflation will kill off all consider discretionary but cannot kill consumer stables
Consumer discretionaries are wants of life like Cars, computers, handphones and a million other things of life that people want to have but not need to have
all these will collapse by high interest rates
But consumer stables are NECESSITIES OF LIFE THAT WE MUST HAVE
WE MUST HAVE FOOD AND DRINK - NON NEGOTIABLE OR STARVE TO DEATH
COOKING OIL
MAGGIE MEE AND INSTANT NOODLE GOT 20% PALM OIL
TOOTHPASTE FROM PALM
HEARD OF COLGATE PALMOLIVE?
ALL BREAD AND BISCUIT. SEE ALL GOT PALM OIL
CAKES AND ICE CREAM
ALL TEH TARIK..EVERY CUP GOT PALM OIL
MILO, KIT KAT CHOCOLATE
NESTLE BREAKFAST CEREAL
SEE NESTLE ANNUAL REPORT
WORLD BIGGEST USER OF PALM OIL FOR FOOD
INFANT MILK FORMULA
PET FOOD
WASHING DETERGENT
HAIR CREAM AND LIPSTICK
SHAMPOO AND SUN BLOCK
FACE COLOR CREAM
NAIL POLISH
ALL CANNED FOOD MADE IN MALAYSIA
ALL THE KFC, MCDONALD, DOMINO PIZZA, PIZZA HUT, ALL FAST FOOD
SATAY
ALL FRIED FOOD
ALL CHOCOLATES MADE IN MALAYSIA
HERSHEY HAS 400 EMPLOYEES IN SENAI
50% OF ALL YOU SEE IN SUPERMARKETS
PALM OIL!!!
2022-06-25 18:36
Calvin. 1997/98 was a financial crisis unless it would happen again. KLSE slumped to below 300 points at that time.
2022-06-25 19:02
Utilities, Hospital, 5 star REIT and consumer staples are the common sectors to counter recession. Hope the hot money won't skip it. Haha
2022-06-25 19:11
Consumer Staples are basically palm oil in daily food and drink and personal hygiene
2022-06-25 20:32
Many consumer goods are included palm oil as its ingredient. The demand of palm is supposed relatively stable over times by referring to the theory supply and demand. Take a few minutes and ponder when the prices of palm oil surging to the crazy level in a short period of time.
2022-06-26 12:23
Is it a really serious shortage of crude oil in the market whilst India and China are still imported from Russia? China lockdown doesn’t have impact to the crude oil usage? Or it is merely big oil companies, traders and speculators take advantage of the war situation stirring up the ‘shortage’?
2022-06-26 20:55
If China is unable to maintain the world manufacturers in the future, they would consider planting palm oil locally for domestic consumption.
https://chinadialogue.net/en/food/will-china-produce-its-own-palm-oil-2/
2022-06-26 21:42
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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....
gohkimhock
History tells us that only equities able to beat inflation in long term. I am talking about value investing and dividend investing. Not those pump and dump counters promoted by fake gurus here with all sorts of fairy tale projections and kindergarten calculations which could not be achieved in reality..
2022-06-25 00:24