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2019-05-02 17:48 | Report Abuse
KUALA LUMPUR: Malaysian equities, the world’s worst major market this year, might be close to a turnaround on the back of the government’s increasing support, according to Macquarie Group Ltd.
Reforms at state-linked companies, more political clarity and stimulus could see the benchmark FTSE Bursa Malaysia KLCI Index surge to 1,800 in the base scenario, or even reach 1,900 in the bullish case, Macquarie analysts wrote in the April 26 note. That implies a 10 to 16 percent return from Friday’s close.
Malaysian stocks have bucked the global rally this year, losing more than 3 percent in 2019 while the MSCI Asia Pacific Index gained 11 percent. An economic growth slowdown and uncertainty over the new administration’s policies led to US$4.4 billion of equity outflows in the past 12 months.
Prime Minister Tun Dr Mahathir Mohamad has shown signs of moving away from his earlier budget-cutting stance to revive large state projects and seek foreign investments. Malaysia struck a deal with China to resume the East Coast Rail Link at a lower cost and revived the US$34 billion property and transport hub Bandar Malaysia.
“Fiscal stimulus, per resurrection of ECRL and Bandar Malaysia projects, is returning, oil prices are exceeding target and liquidity is ample,” the bank said in the report. “Government policy-centric catalytic news flow alone could allow the KLCI to recover to 12-month highs of 1,850.”
Macquarie expects similar developments to happen with MRT 3 and the Singapore-Kuala Lumpur high-speed rail project, as well as in the telecom sector and within the Petroliam Nasional Bhd. group of companies.
The KLCI is showing some signs of a revival. It climbed 1 percent last week, halting five straight weeks of declines, the longest stretch of losses since 2015.
The main risk remains Malaysia’s potential exclusion from FTSE Russell’s World Government Bond Index, which could lead to US$23 billion of government bond outflows as other index providers follow suit and worsen foreign selling in the country’s equities, the bank said.
The investment bank prefers “yield-resilient” plays, corporate banks, government-linked companies:
Theme Macquarie’s top picks “Deep-value” Tenaga Nasional Bhd, Telekom Malaysia Bhd, Axiata Group Bhd Petronas units Petronas Chemicals Group Bhd, MISC Bhd Corporate banks Malayan Banking Bhd, CIMB Group Holdings Bhd, AMMB Holdings Bhd, RHB Bank Bhd Construction Gabungan AQRS Bhd, Malaysian Resources Corp, HSS Engineers Bhd Ringgit weakness ViTrox Corp, Top Glove Corp.
- Bloomberg
2019-05-02 16:47 | Report Abuse
Exactly the same when we are attacked by George Soros ….. ask yourself where you want to stand.. We know is going to drop, but we are investors , we adjust & not getting people out of track. No such thing to surrender.
2019-04-29 10:52 | Report Abuse
DickyMe Delisting soon.
29/04/2019 9:48 AM
DickyMe, can you share 1 solid reason why delist ? ? ?
2019-04-17 13:06 | Report Abuse
Yes it looks like they are playing at 15 cents , approximately
2019-04-17 11:03 | Report Abuse
17 cents, now, and they are defending it
2019-04-16 15:13 | Report Abuse
12qwe AtoX - the world's most valuable blockchain project
In 2018, we witnessed the decline of the price of Bitcoin from 16,800 US dollars to 3,000 US dollars. We witnessed the hundred regiments of the exchange, witnessed the birth and destruction of the giants of coin circle, and witnessed the rise and decline of ICO. In 2018, we also witnessed the birth of the blockchain innovation mechanism, witnessed the maturity of market practitioners, witnessed more and more large companies entering the market, and witnessed global regulatory mechanisms are becoming more and more perfect.
12qwe - is this reflecting our ORION ?????
2019-04-16 12:13 | Report Abuse
18 cents, now, 10 million volume, looks like purchasing stronger
2019-04-16 12:04 | Report Abuse
Ali Azmi Haha. The possibility to drop below 0.10 is very slim. 30% of share price at 0.15, not just 1 or 2%. At such price, the NTA of Orion will be increased. 15/04/2019 5:49 PM
What Ali Azmi says is right, very very slim to drop to 10 sen. Now if what jomaropol says is right only 15% exercised , so we are seeing 15% must be locked at least 15 Sen.
2019-04-16 11:55 | Report Abuse
SuperKengReturns Damansaraeagle....my analysis says confusion. Which means 50/50. I like the 60% I shared earlier .15/04/2019 8:30 PM.
Yep, I guess so you r saying 50 50. It looks like Orion being pressured heavily today. I hope she can stand
2019-04-15 18:00 | Report Abuse
Listen... is going up for sure
2019-04-15 17:55 | Report Abuse
KokMan— u r taking 10 10 from different bracket?
2019-04-15 17:54 | Report Abuse
Great Ali Azmi. That is right
2019-04-15 17:53 | Report Abuse
U guys, even with all small guys down today, Orion can withstand . It has been its strength .
2019-04-14 06:39 | Report Abuse
No la Superr , you won’t do it one.
2019-04-13 16:56 | Report Abuse
Yes superr , they will hv to eat it
2019-04-13 08:32 | Report Abuse
Orion IXL has entered into a Memorandum of Understanding with SME Bank Bhd to provide technology services to strengthen the latter’s core banking activities and services.
Read more at https://www.thestar.com.my/business/business-news/2019/04/08/trading-ideas-icon-offshore-orion-ixl/#WqQGr7I2U4MgcPtv.99
2019-04-13 08:28 | Report Abuse
it may drop a bit of scary cats , but it won't be tired
2019-04-13 08:28 | Report Abuse
in January they did they private placement …. you won't see Monday it goes like what all punters want it to be....
2019-04-13 08:27 | Report Abuse
No. Financier but cum ……...
2019-04-13 06:47 | Report Abuse
Do u know who is entering monday
2019-04-12 17:02 | Report Abuse
PMaster was saying it is going down to 10 sen...funny
2019-04-12 16:56 | Report Abuse
Superr means buy more , ha ha ha
2019-04-11 11:40 | Report Abuse
JacNgu , pity people who read your nonsensical statement, what i call "adverse Touch & Go" messaging.
2019-04-10 22:01 | Report Abuse
DickyMe ..... we know you in the FGV ..., giving nonsensical statement.
2019-04-10 21:39 | Report Abuse
So DickyMe , what you are mumbling about delisting of Orion. Perisai yes , because of PN17
2019-04-10 21:37 | Report Abuse
Kuala Lumpur (April 10): Islamic banks and financiers must invest heavily in technology to change the way they conduct banking services and spread their products more effectively.
Prime Minister Mahathir said that the application of smart technology in the financial industry - financial technology (financial technology) - has had a positive impact on the industry as well as mobile payments, remittances, loans and other industries. Fundraising and asset management. Financial technology leverages the latest technologies in the Internet, mobile devices, social media integration, big data analytics and artificial intelligence to make financial transactions more automated, user-friendly and more convenient, thus providing (providing) a superior customer experience.
Although it was considered at a very early stage, financial technology has also penetrated into the Islamic finance sector.
However, the potential damage to traditional Islamic finance should not be underestimated. The destruction can work in both directions, he said at the 15th meeting of the 15th Kuala Lumpur Islamic Finance Forum here today.
2019-04-09 20:58 | Report Abuse
Bro , delisting means it drop back to 12 sen 2 weeks back already
2019-04-04 16:20 | Report Abuse
Private placement bro.... not delisting
2019-03-25 17:46 | Report Abuse
Pang , frankly that is the spirit .
2019-03-23 18:21 | Report Abuse
Orion has been slow but very steady
Stock: [ALRICH]: ALDRICH RESOURCES BERHAD
2019-05-03 20:00 | Report Abuse
For what ... no sense