KLSE (MYR): BAUTO (5248)
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Victor Yong
8,271 posts
Posted by Victor Yong > 2020-01-24 08:21 | Report Abuse
CGS-CIMB Research said the surprise move indicates that policymakers may be more pragmatic in future MPC decisions, particularly if financial flows and the ringgit remain orderly, leaving open the possibility that the next cut may happen quicker than 2H20, which is its base case assumption.
It pointed out OPR cuts are positive for cyclical sectors such as property (top pick: Sime Darby Property), auto (top pick: BERMAZ AUTO), and consumer (top pick: Power Root) due to the increase in consumers