Posted by speakup > 2020-06-22 16:12 | Report Abuse

the idiot foreigners have been selling since MCO started, now see where our market is! WE DONT NEED THE FOREIGNERS!!!!! JUARA KAMPONG cukup lah

Posted by Keyman188 > 2020-06-24 16:10 | Report Abuse

Stock market bubble burst is possible, says MIDF Research

(theedgemarkets.com / June 24, 2020 14:54 pm +08)

KUALA LUMPUR (June 24): Given the current flood of liquidity in the equity market, MIDF Research has not discounted the possibility of a "market bubble burst" following the recent rebound in the FBM KLCI.

MIDF Research senior analyst Imran Yassin Md Yusof said that although the rebound may look sustainable at the moment, he is of the belief that it may not last for long.

"Of course there is a possibility for the bubble to burst because eventually, the market will follow fundamentals, and [corporate] earnings prospects are not that great.

"So yes, we do think that there is going to be another downward thrust," he said today during MIDF's Live Webinar entitled "Surviving & Embracing Malaysia's New Normal".

After falling nearly 400 points to a low of 1,219.72 points in mid-March due to the Covid-19 pandemic, its lowest since the global financial crisis in October 2009, the KLCI has been observed to project a rebound, erasing nearly all its losses this year.

Yesterday, the composite index closed at 1,507.04 points, representing a jump of 23.5% since the lowest point in March.

Imran said his team had calculated that over US$14 trillion (RM59.84 trillion) in stimulus programmes and packages, both in terms of fiscal and monetary, from countries around the world had been injected into the global economy.

This, he said, resulted in some sort of a disconnect between the underlying lacklustre economic growth prospects and the liquidity-driven bullish stock market.

"What we expect, as I said earlier, [is that] the market will follow fundamentals and earnings sooner or later. With more bad numbers coming out, we expect that will put downward pressure on the market," Imran added.

In terms of investment strategy, Imran advised his investors to look for companies that are fundamentally strong, and in a typically defensive sector if possible, as well as dividend-yielding.

He pointed to the tech sector as the sector that might be the most resilient during the current economic uncertainty, given the fact that there is still a lot of technology adoption that companies need to embrace.

Meanwhile, MIDF group managing director Datuk Charon Wardini Mokhzani highlighted that prolonged liquidity in the financial market may also worsen wealth inequality.

"The people with money are just getting richer because if we have the money to put into the market and invest in assets, we are the only ones who will be making more and more. And that money was originally supposed to help the guy with no money, but for some reason, that money ended up in the market.

"Unfortunately, it does mean that the rich get richer, which again, in the long run, is not sustainable," he added.



##https://www.theedgemarkets.com/article/stock-market-bubble-burst-possible-says-midf-research

Posted by EngineeringProfit > 2020-06-25 07:43 | Report Abuse

They pushed out glove stocks' price hit targets for multi-years .....

.....then ran away ady

Easy $$$$$ these ppl made so quickly amd painlessly

THE MOST SPECTACULAR GLOVED SUPERBULL PARTY EVER

Posted by EngineeringProfit > 2020-06-25 07:43 | Report Abuse

Foreign funds continue to run.....

......while our politicians busy fighting for power

Posted by EngineeringProfit > 2020-06-25 07:49 | Report Abuse

The lame questions are always like.....

.....who to be PM.....rather than does he possess the quality of someone with frankness and honesty vs bermuka-muka, full of elements to support self-integrity vs treachery

......who to rally to the court next......rather than who had failed yhe system.....which gang to take full responsibility and check into bamboo river resort

Posted by EngineeringProfit > 2020-06-25 07:51 | Report Abuse

Nobody from all the fake uni asks intelligent questions.....

.......how come a country so rich in natural resources, yet the people continue to suffer poverty

Posted by EngineeringProfit > 2020-06-25 07:53 | Report Abuse

Nobody from all the fake uni asks intelligent questions.....

.......how come a country so rich in natural resources has a currency so much weaker than its southern neighbour without these

Posted by EngineeringProfit > 2020-06-25 07:59 | Report Abuse

Nobody from all the fake uni asks intelligent questions.....

For a political coalition that has taken the high ground and managed to oust the kleptocrats from the government after GE14, is winning power at all costs now their most important priority?

Posted by EngineeringProfit > 2020-06-25 08:00 | Report Abuse

Nobody from all the fake uni asks intelligent questions.....

Whither the long-term future of a despoiled nation, riven by racism, and contaminated by corruption?

Posted by EngineeringProfit > 2020-06-25 08:04 | Report Abuse

Nobody from all the fake institutions of religiosity asks relevant questions....

"What happened to the outcome of the infamous Sabah homo sex video?"