Following a series of lukewarm outlook for the Malaysian market, Malaysian stocks appear to be set for a downtrend in the first quarter of 2019. Furthermore, with business optimism slipping among Malaysian firms, the ominous signs appear to suggest that investors should take shelter from the Malaysian market. However, CIMB begs to differ. With selective stock picking, investors can still find opportunities to outperform the market. According to CIMB, there are six Malaysian stocks you should keep an eye on if you are looking for those opportunities to outperform the market.
Over the Chinese New Year Holiday, US President Trump delivered his State of the Union (SOTU) address to Congress. His speech, in essence, was a campaign for his re-election bid in 2020. To rally US voters, Trump chose the slogan “Choosing Greatness” and criticised China for taking advantage of the US on trade matters in the past. However, Trump’s rhetoric was rather controlled and he blamed his predecessor Obama for allowing the US-China trade deficit to widen under his nose.
As we gather with our friends and relatives during this Chinese New Year festive period, food catering tends to be the more convenient option to satisfy our appetite for a large group of people. At the corporate side, companies especially those that are more immersed in the Chinese culture, would also arrange to treat its employees to a feast to mark the beginning of a new year. This was often accompany by a “lo hei” ceremony, also tossing of Cantonese-style raw fish salad, in the belief of bringing in prosperity and good luck for the new year.
US stocks moved higher on persisting optimism around the trade talk, after President Trump said that he would allow for flexibility to delay the trade-deal deadline if both sides are making sufficient progress....
2018 ended on a sour note for majority of the companies listed on the Malaysian stock exchange. With headwind expected to continue weighing on market sentiments, CIMB recommends to switch faith into these five MY stocks.
The investment environment has become more challenging as the global economic cycle has entered the late stage cycle. With economic growth, global politics, and central bank stimulus all at turning points, markets are beginning to prepare ahead, UBS points out some of the things that investors should look out for in the current macroeconomic backdrop.
Singapore Post (SingPost) reported a 7.6 percent year-on-year rise in total revenue to $441.4 million for 3Q19. Total net profit attributable to shareholders rose 15.6 percent to $50.2 million, mainly due to an exceptional item of $31.8 million relating to the gain on dilution of interest in 4PX, an associated company.
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With the negative momentum from 2018, the STI could remain under pressure despite the strong performance in January 2019, according to RHB. While the valuation and dividend yield of STI makes it compelling for long-term investments, RHB thinks that investors should continue to stay selective in navigating the market in 2019.