Stock Market Outlook for 2010
CIMB Investment Bank Berhad are pleased to announce that there will be a FREE Public Seminar on 2010 Stock Market Outlook organised by Market Wizard Enterprise, exclusively to all to all i*Trade@CIMB customers
This seminar will be conducted in Mandarin by two reputable speakers.
The profiles of the speakers are as follows:
- Mr. Raphael Kok, founder of Market Wizards Enterprise, renowned Stock Columnist and popular speaker.
- Mr. Justin Law, futures trader and commissioned futures broker representative and stock columnist.
Seminar details:
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Date |
6th Dec 2009 (Sunday) |
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Time |
9.00 am – 11.30 am (Registration starts at 8.30am) |
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Venue |
Kristal Ballroom 1 Hilton Hotel Petaling Jaya |
Don’t miss this seminar to learn more about the investment opportunities in the current market trend.
For registration, please call 03-2092 2516 or 012-317 8834 not later than 1st Dec 2009 (Tuesday).
Registration and FREE SEATS are on a first-come-first-serve basis.
** Open to CIMB Investment Bank Berhad customer only.
** Just open a trading account to be a customer
Personal Money Investment Forum on the Stock Market 09 PART 1
PART 1: Chief Economist of Maybank Investment Bank , En. Suhaimi Illias speaks on the outlook of the global and local economy in 12 to 18 months in The Edges Personal Money Investment Forum on the Stock Market 2009.
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Personal Money Investment Forum on the Stock Market 09 PART 2
PART 2: Founder and Managing Director of Capital Dynamics Group, Mr. Tan Teng Boo gave a contrarian point of view to the world economy and stated that a V-shaped recovery will unfold in The Edges Personal Money Investment Forum on the Stock Market 2009.
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[…] Stock Market Outlook for 2010 […]
Bursa in good health
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BURSA Malaysia is not facing a crisis of confidence, said Deputy Finance Minister Datuk Chor Chee Heung.
In fact, he said, the exchange was expected to break the 1,400 mark by next year and remained the second biggest in the region with a market capitalisation of RM990bil as of last week.
However, Chor admitted that foreign direct investments (FDI) to the country have decreased through the years.
“In view of that, the Government is continuing its efforts to bring in more FDI but in view of the current economic slowdown, it is hard to estimate how much new investments we can expect to come in,” he said.
He was replying to supplementary questions by Datuk Nur Jazlan Mohamed (BN – Pulai) and Datuk Seri Anwar Ibrahim (PKR – Permatang Pauh) who had both asked why the KLSE has yet to break the 1,400 point barrier despite various initiatives introduced by by Bursa Malaysia, the Securities Commission (SC) and the Government to lure foreign investors.
“The efforts of by Bursa Malaysia, the SC and the Government are integrated. It is not right to say that we have failed as the liberalisation framework has just taken off a few months ago,” he said.
Prior to that, he said, there were many constraints that had inhibited foreign investors, but the Government had opened up more avenues to encourage foreign investor’s participation while at the same time protecting the interests of local investors.
Chor said initiatives that have been introduced include the exemptions from various administrative fees, the standardisation of enlisting prerequisites and the setting up of smart partnerships with foreign investment banks and initial public offering advisers,” he said.
“A new framework has also been established for the listing and generation of equity funds on Aug 3 to ensure a wider access to capital and investments,” he added.
“Bursa Malaysia, SC and various local investment banks have also gone to China, Vietnam and India to draw foreign listings. Through the initiative, three new foreign companies have been listed from July to November,” Chor said.
“The stock exchange has also seen a 48% growth from its lowest point of 850 to the current 1200s through the stimulus package that the Government had put in place to address the economic crisis,” Chor said.
from:thestar.com.my/news/story.asp?file=/2009/12/8/parliament/5255077&sec=parliament
Fengshui master: Market rally up to H1 2010
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raders, on your mark.
The year 2010 will see more opportunities than 2009, and will be coloured by opportunities, volatility and lots of activity, says Joey Yap, the founder, CEO and master trainer of the Mastery Academy of Chinese Metaphysics.
The year of the Metal Tiger which begins on Feb 14, is personified by metal chopping wood which creates sparks.
“Metal chopping wood creates lots of activity. Yang metal in the first half of the year also creates a stronger impact. Wood controls earth, which is the wealth element in astrology. Hence, the rally in the stock market will continue up to the first half of the year as the roots of wealth are in the first two pillars of the Bazi chart,” explained Yap.
The second half, meanwhile, is forecast to be less aggressive.
Hence, the stock market will see more excitement than the real economy, which Yap says continues to look sluggish over the longer term, due to there being no water element.
“Water produces wood. With lots of wood but no water, this hinders growth. Hence, the recovery image is one that is somewhat artificial. However, I don’t think 2010 will be the year, we pay for all these artificial growth,” he said.
Yap pointed out that the absence of fire in the Bazi chart also indicates a lack of the happiness sentiment. This might mean there is something hidden or suppressed.
“Perhaps people are still not spending and being conservative with their finances,” said Yap.
Sector-wise, as the banking sector is represented by the metal element, Yap still sees stumbling blocks, and said more painful decisions may have to be made.
“Banks will become very cautious, and may be tighter on their lendings. Also, as only metal can produce water, and there is no water, there will be less liquidity,” he said.
The services sector, which is represented by the Hour Pillar in the Bazi chart, looks set to flourish. With the presence of earth (indirect wealth) and wood, these sectors ought to prosper.
Also, fire-related sectors such as technology, oil, alternative energies, mining are expected do well.
On stocks, Yap picked blue chip companies with strong sales to China. As there is a need of water, Yap would also pick water-related sectors such as fast-moving consumer goods companies.
Yap said Malaysia would grow, although at a slower rate.
Malaysia is also in a relatively sweet spot as Prime Minister Datuk Seri Najib Tun Razak is a Yin Wood Day Master.
Yin Wood’s defining characteristics are flexibility and adaptive in nature.
“These are the types who will always ‘find their way’ in life. New policies by Najib will help. Because of this, Malaysia will be better,” said Yap.
Meanwhile, JP Morgan strategist Adrian Mowat advised investors to stay high beta for now, as growth would develop as the dominant style in 2010
He said early 2010 conditions should continue to be very favourable for Asian equities with strong growth, positive earnings estimate revisions, acceptable inflation, ongoing rally in credit markets.
“Stage three of the bull market is an overshoot in valuations as risk-free rates stay low for long.”
from:biz.thestar.com.my/news/story.asp?file=/2010/1/1/business/5380796&sec=business
Malaysian business optimistic this year
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Business owners in Malaysia are the most optimistic this year compared to the years before, according to Grant Thornton International Business Report (IBR) survey.
In a statement, SJ Grant Thornton said businesses in Malaysia and the Asia-Pacific are positive that an upturn in the global economy has taken place and expected more positive signs in the second half of 2010.
Its managing partner, Datuk N Jasani, said in Malaysia, business owners are positive in expecting increased revenue, followed by investment in plant and machinery and profitability.
“This suggests that during the recession, businesses have become leaner and more cost-effective. This may enable them to lower prices while still securing increased revenues and crucially, profits.
“As the global economy emerges from recession, we are likely to see many businesses reaping the rewards of recession induced efficiencies to lead the way in the upturn,” he said. The IBR survey covers over 7,400 medium to large enterprises (MLEs) across 36 economies.
Now in its 18th year, it also highlights a group of ten economies where businesses are more optimistic about the outlook for their economies than International Monetary Fund forecasts might suggest.
The survey showed that optimism among MLEs around the world has bounced back to give the Grant Thornton global optimism/pessimism index for 2010 an optimism balance of +24 per cent compared to its lowest ever score of -16 per cent this time last year. Malaysia scored +49 per cent.
It said businesses in Chile, India, Australia, Vietnam and Brazil were the most optimistic in the world, all scoring over +70 per cent. “Close behind are South Africa, China, Singapore, Canada and Hong Kong at +60 per cent or higher.
“At the other end of the scale, many euro zone countries were pessimistic about the future,” it said. Italy, Denmark, Finland and France scored +nine per cent or lower with Greece (-23 per cent) and Ireland (-42 per cent), it said.
“Spain (-56 per cent) and Japan (-72 per cent) kept their places as the most pessimistic economies in the world, although even here the figures were slightly up on last year,” it said.
Jasani said the survey suggested that businesses in the giant emerging markets of China, India and Brazil were confident they could help pull the rest of the world back into growth and businesses in many other economies were equally optimistic that they not only survived this recession but well-placed to help drive the upturn.
“Strong stimulus measures implemented by our government have helped the economy but consumer spending eased and investment and trade slumped.
“Activity is now picking up as exports in the country revive, underpinning strengthening manufacturing. Growth prospects for 2010 look promising.
“MLEs contribute 81 per cent of global gross domestic product and the global business community should be encouraged by the results of this survey,” he said. — Bernama
from:themalaysianinsider.com/index.php/business/48486-malaysian-business-optimistic-this-year
Malaysian businesses optimistic
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Optimism among medium to large enterprises (MLEs) globally has returned, a recent SJ Grant Thornton survey showed, noting that Malaysia was the most optimistic in all the five years it has participated in the survey.
The Grant Thornton global optimism/pessimism index for this year had an optimism balance (the proportion of businesses reporting they are optimistic less those reporting they are pessimistic) of +24%, compared with its lowest score ever of -16% this time last year, SJ GrantThornton said in a statement.
The survey of over 7,400 MLEs across 36 economies, which now in its 18th year, also highlighted a group of 10 economies where businesses were more optimistic about the outlook for their economies than International Monetary Fund (IMF) forecasts might suggest, the statement said.
SJ Grant Thornton managing partner Datuk N. K. Jasani said: “We are glad to announce that throughout the five years participating in this survey, business owners in Malaysia are most optimistic (+49%) this year compared with the years before.”
“Businesses in Malaysia and the Asia Pacific are positive that an upturn in the global economy has taken place and we foresee more positive signs in the second half of 2010,” he added.
Businesses in Chile, India, Australia, Vietnam and Brazil are the most optimistic in the world, all scoring over +70%. Close behind are South Africa, mainland China, Singapore, Canada and Hong Kong (which showed the biggest swing of sentiment from 2009) at +60% or higher.
At the other end of the scale, many Eurozone countries remained pessimistic about the future; Italy, Denmark, Finland and France all scored +9% or lower with Greece (-23%) and Ireland (-42%) even more gloomy. Spain (-56%) and Japan (-72%) kept their places as the most pessimistic economies in the world, although even here, the figures were slightly up on last year.
fr:biz.thestar.com.my/news/story.asp?file=/2010/1/11/business/5439449&sec=business