Malaysia - Market Strategy

Re: Malaysia - Market Direction & Strategy

Postby winston » Wed Oct 21, 2015 9:56 am

2 Stocks That Could Benefit From Malaysia's 2016 Budget

By Kabir Sehgal

Source: The Street

http://www.thestreet.com/2%20Stocks%20T ... udget.html
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Re: Malaysia - Market Direction & Strategy

Postby winston » Fri Oct 23, 2015 7:49 am

Aberdeen is optimistic on Malaysia's equities market

By Ahmad Naqib Idris

KUALA LUMPUR (Oct 22): Current global and domestic economic headwinds notwithstanding, Aberdeen Asset Management Plc maintains an optimistic view of Malaysia's equities market.

"Today's weak markets actually suit us, as we like to accumulate high quality assets as cheaply as possible. Poor sentiment is currently throwing up opportunities we haven't seen for a while.

Malaysia is home to plenty of well-run companies and the economy is in good hands," said Aberdeen Islamic Asset Management Sdn Bhd (AIAMSB) chief executive officer, Gerald Ambrose.

He added that the current weakness is not limited to Malaysia, as emerging markets as a whole, have been affected by the dampened commodity prices and worries on China's growth.

"Some funds making an exit provide an opportunity for the longer-term investors to accumulate. We're seeing quite big outflows from emerging markets at the moment," said Ambrose.

Meanwhile, Aberdeen Asset Management's chief executive officer, Martin Gilbert, noted emerging markets are currently "out of fashion", and that the Malaysian market will not fully recover — not until investors return to emerging markets.

"This could happen next week or it could take a year. We have not seen any signs yet of it happening, although we have seen some money returning to emerging markets over the past few weeks," he said.

The duo was speaking at a press conference held today, in conjunction with Aberdeen's 10th anniversary in Malaysia. They were joined by Aberdeen Asset Management Asia Ltd's managing director Hugh Young.

Aberdeen Asset Management Sdn Bhd, the local arm of the UK-based global asset manager, is now looking to run global sukuk mandates from Kuala Lumpur, through AIAMSB.

Ambrose said the global interest in sukuk mandates has been growing, and that Malaysia and Aberdeen have the profile and resources to win the mandates.

"We've been in Malaysia for 10 years and we really see Malaysia as a great location for investing. We run our global portfolios and shariah-compliant portfolios here. Malaysia is really a big centre for that.

"The long term plan is to further expand the business here, we'd like to get into global sukuk management in the country, starting from a small level. I think Kuala Lumpur is a great centre for us, within our global framework," said Ambrose.

Currently, AAMSB has assets under management (AUM) of over RM22.36 billion, whereby a major portion of its investments are in Malaysian, Asian and global equities.

Source: The Edge
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Re: Malaysia - Market Direction & Strategy

Postby winston » Wed Nov 04, 2015 8:49 pm

Malaysia may have hit bottom

By Leslie Shaffer

Source: CNBC

http://finance.yahoo.com/news/why-malay ... 03905.html
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Re: Malaysia - Market Direction & Strategy

Postby winston » Sat Nov 21, 2015 10:18 am

Three sectors shine despite gloomy economy

BY INTAN FARHANA ZAINUL

IT is not all doom and gloom for some sectors on Bursa Malaysia that have to deal with the weak ringgit and sluggish economy.

Several sectors have shrugged off such concerns such as the glovemakers and semiconductor players.

Another such sector on Bursa Malaysia that has been sailing through the current choppy period is the plastic and packaging makers.

Scientex Bhd, SLP Resources Bhd as well as Daibochi Plastic and Packaging Industry Bhd


Source: The Star

http://www.thestar.com.my/Business/Busi ... ?style=biz
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Re: Malaysia - Market Direction & Strategy

Postby winston » Sat Jan 02, 2016 7:50 am

Stocks to watch in 2016

BY NG BEI SHAN

In the near-term, investors are advised to strategise based on the award of contracts for the country’s development plans, weakness in ringgit, Sarawak’s state election, a strong El Nino and Shariah based investing, Maybank IB Research says.


AllianceDBS Research says export-oriented sectors such as technology and shipping are rated “overweight” in anticipation of the weakness in ringgit.


In Sabah and Sarawak, the development of the RM27bil Pan Borneo Highway will also benefit construction firms especially local players there.

According to AmResearch, Sarawak’s budget was increased by 26.5% to RM8.04bil from a year ago.

And with the Sarawak elections coming, investors should also look for potential beneficiaries.


Source: The Star

http://www.thestar.com.my/business/busi ... ?style=biz
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Re: Malaysia - Market Direction & Strategy

Postby winston » Wed Apr 13, 2016 9:05 pm

Foreign funds returning to Malaysia, market capitalisation near all-time high

Malaysia is seeing a return of foreign funds to equities, with net inflows totalling RM5.6bil for the three months to March 2016.

Foreign shareholdings accounted for 23% of Malaysia’s market capitalisation of RM1.7 trillion as at end-March 2016.


Last year, Malaysia registered a total net outflow of RM19.4bil, with foreign shareholdings standing at 22.3% of its market capitalisation.

“This compared with a total net outflow RM6.6bil in 2014, with foreign investors accounting for 24.3% of the country’s market capitalisation.



Source: The Star

http://www.thestar.com.my/business/busi ... returning/
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Re: Malaysia - Market Direction & Strategy

Postby winston » Sun Apr 17, 2016 7:51 am

Libra Invest focuses on stock picks

BY INTAN FARHANA ZAINUL

“Any indication for an earlier-than-expected rate hike could heighten volatility again,” he tells StarBizWeek.

“Should this scenario play out, we expect to see a decline in oil prices due to the negative correlation between US dollar appreciation and oil prices,” he says.


“We are negative on telecommunications and banks as they are going through some structural changes.”


Source: The Star

http://www.thestar.com.my/business/busi ... ock-picks/
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Re: Malaysia - Market Direction & Strategy

Postby winston » Sat May 07, 2016 12:14 pm

EPF puts more money into stocks

BY NADYA NGUI

THE Employees Provident Fund (EPF) has been gradually increasing its investments in equities in the past few years in order to maintain its growth momentum as yields from the fixed income division slow down.

Moreover, the fund manager is expecting the year’s global economy to experience a slow and uneven recovery, where it will be “increasingly challenging” for the EPF to manage its massive funds, according to its 2015 annual report.

“In anticipation of the ongoing weak economic conditions, we will continue to manage our investment portfolio prudently using a risk-based approach,” says chief executive officer Datuk Shahril Ridza Ridzuan.

The fund is seen to shift to buying and selling shares, where equities continue to be the main contributor of income with 58.8% amounting RM26bil, up 13.5% compared with RM22.9bil in 2014.

The EPF ended last year with RM44.23bil in total gross investment income.

The fixed income asset class, comprising Malaysian Government Securities (MGS) & equivalent and Loans & Bonds, in total contributed 35.4% of the RM44.23bil.

This is lower compared to 36% in 2014.

As of end 2015, the pension fund manages RM684.5bil worth of investment assets, where overseas investment makes up 25% of EPF’s total investment assets.

This works out to about RM171bil, which is invested mainly in equities, bonds and real estates.

Its foreign equity portfolio played a significant role last year by generating more than half of the income from equity investment.

As such, the higher income from investment has helped EPF boost its annual dividend payout last year to to 6.4%, or a total payout amounting to RM38.24bil.

The payout amount required for every one percent dividend rate for the year was RM5.98bil, which was a 10.13% higher compared with RM5.43bil in 2014.

Its highest dividend was from 1983-87 when it declared 8.5%.

Post Global Financial Crisis, the fund has credited dividends amounting to RM198.9bil, where last year’s payout was the most since the fund’s inception.

Shahril says the fund will continue to deliver real rate of return of at least 2% above the rate of inflation.

“In the first quarter of this year, the equity market performance was very tough not only for EPF but also for any investment fund manager around the world given the high volatility and low yield.

“So we expect, with all these challenges, to continue focusing on the inflation plus 2% to ensure that we can deliver real growth for our investors and members for a very long period of time,” he says.

Bank Negara Malaysia expects inflation to grow between 2.5% and 3.5% this year.

Shahril says the fund continues to look for opportunities to increase its exposure in the “inflation assets” segment such as utilities and infrastructure.

EPF joins other sovereign wealth funds looking to raise their global real estate investments

The inflation asset class, comprising Real Estate and Infrastructure, contributed RM1.7bil investment income last year with annual growth of 22.2% compared with 2014.

Most of EPF’s investments in the Real Estates and Infrastructure asset class are made through associate and subsidiary companies, of which dividend income from these companies made up the majority of the asset class’ gross investment income.

Within the asset class, the foreign investments, which were initiated in 2010, have shown encouraging performance over the years and began to generate significant income in 2015, the annual report says.

Its real estate exposure is less than 4% but it’s the fastest growing part of the EPF’s business, Shahril says in a report.

“The goal is for private market assets to take about 10% of the total fund size in five to seven years,” he had said.

He says that the EPF is a big investor in power plants, toll highways, which provide inflation adjustment return that the group is looking for.

“We were big subscribers of Tenaga Nasional Bhd’s new issuances to support the development of new power plants,” he says.

Last year, the total number of members increased to 14.5 million, out of which 6.7 million were active members.

Total number of employers contributing to the EPF has increased to 536,489.

Source: The Star
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Re: Malaysia - Market Direction & Strategy

Postby behappyalways » Tue May 10, 2016 2:06 pm

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Re: Malaysia - Market Direction & Strategy

Postby winston » Sun Jun 12, 2016 9:47 am

Fund managers on investment themes for the second half

BY TEE LIN SAY

Source: The Star

http://www.thestar.com.my/business/busi ... cond-half/
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