“As for the local bourse, we reckon investor sentiment to remain jittery, hence, we expect the FBM KLCI to trend in range bound and hovering within the 1,490-1,505 range for the remaining of the week.
KUALA LUMPUR, Dec 23 — Malaysia is prime to join the growing number of countries that have had success taxing stock gains or inheritance wealth as both a revenue source and an effective redistributive mechanism, the World Bank said in its December’s Economic Monitor, contrasting views held by both government and Opposition politicians that the levy would spook the rich and trigger capital flight.
"Now it is impossible to find anyone who is bullish on emerging markets, which is a very sharp contrast from a year ago when you could not find a single person that was bearish," said David Hauner, a senior EM cross-asset strategist at BofA, calling 2021 a "disaster".
impossible to find anyone who is bullish on emerging markets ?
Inter-Pacific said that meanwhile, the lower liners and broader market shares could also make further headway, but the upsides are also likely to be measured due to the continuing lack of following.
“Therefore, most of these stocks are likely to remain broadly in a sideway trend for the time being,” it said.
We believe Malaysian equities are undervalued compared to its regional peers, but on the other hand, the heightened volatility and external uncertainties will be major setbacks.
Malaysian equities are undervalued compared to its regional peers
Sector-wise, the Financial Services Index rose 48.43 points to 15,614.07 and the Plantation Index soared 108.27 points to 6,660.38, while the Industrial Products and Services Index slipped 1.32 points to 201.39.
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....
Posted by Tobby > 2021-12-19 15:25 | Report Abuse
Investment!