Its been a not so good 2007 for me as i've failed to beat KLCI's +30% return...2007 also saw commodities price continue to surge, benefiting those holding plantation stocks, 9MP stories- construction, bulding materials, steel as well as oil and gas players...we also see lot of china dolls in d market (i.e petroch,cnooc,sinopec,ccc,angang,zijin) as well as american babes (i.e google,exxon and apple) being actively underwritten and traded. As for 2008, i see some trading restriction on my side as RM40 vs RM15 minimum brokerage fee can be regarded as too much for me, small trader. Nonetheless, prospect for this yr would be less interesting, as KLCI oredi at its peak of 1,445+ and upside seems to be limited. I see more risks than opportunities at this juncture. Some key points in Malaysia market to consider this yr:
Key drivers:
1- Pre-election rally on GLCs, and politically-run Companies;
2- Stable CPO prices;
3- W/drawal of EPF Acc 2;
4- 9MP, again?
5- GLCs reform, again?
Risks:
1- Revision of fuel,electricity,gas tariff, building materials;
2- Rising inflation;
3- Political instability;
4- Regional sell-down to continue on subprime issue;
5- Higher minimum brokerage fee;
6- Softer consumer spending (also impact from GST in 2009?)
My picks (which oredi in d portfolio) include Kencana, Hiaptek, Jaks, Bursa-cf and looking for some undervalued ctrs...
Tuesday, January 1, 2008
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