Bursa Malaysia is in a bullish tone this week, underpinned by strong feeling that general election is just around d corner. Few election stocks worth looking for:
1- MRCB: To secure more projects under 9MP, i.e Penang Monorail;
2-Equine: Trading stock with wide interest in NCER;
3-UEMWorld: IDR, UEMBuilder
4-Tebrau: IDR
5-GLCs: Maybank, TM, MAS, Timecom, MAHB
6- Construction: Gamuda, WCTEng
7-Water play: KPS, JAKS
8- Steel: Kinstel,Mastel
9- Plantation: Sime, IOICorp, KLK, Kulim, etc
To date- Oil n gas ctrs has yet to gain in a big way despite recent huge jump in global oil price. Some believe that oil may hit $200/brl by end of this yr- as fresh statements by OPEC (not upping production) and problems at a couple of the biggest wells sent oil prices skywards. Taking into account inflation and a weaker USD for 2008 (as the Fed would be pressed to reduce rates by a bigger quantum), traders piled into oil futures. There were significant big bets for oil to hit US$200 in 2008 options as well. My pick for oil n gas: Kencana (RM2.50-affordable, net cash position), forget abt KNM and UMW.
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