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HDBSVR sees liquidity-driven market continuing
by hlk Thu 12 Jul 2012, 12:22
KUALA LUMPUR: Hwang DBS Vickers Research
(HDBSVR) said the liquidity-driven market will probably carry on, which
may push the benchmark FBM KLCI to challenge its immediate resistance
threshold of 1,635 ahead. It said on Thursday this comes as US stock
indices ended with a mixed performance (between flat and -0.5%) last
night. Essentially, sentiment was clouded by a jittery economic outlook
amid hopes that the U.S. Federal Reserve would take additional stimulus
initiatives. As for the Malaysian market, HDBSVR said there could be
selective trading interest in the following counters including Maxis, after an Indian media reported that the telco operator has held initial talks to sell its unit (Aircel) in India.
Also in focus could be Zhulian, which has seen a 39% earnings jump in its latest quarterly result; and CB Industrial Product, as it has been awarded a milling contract in Indonesia worth RM50mil.
(HDBSVR) said the liquidity-driven market will probably carry on, which
may push the benchmark FBM KLCI to challenge its immediate resistance
threshold of 1,635 ahead. It said on Thursday this comes as US stock
indices ended with a mixed performance (between flat and -0.5%) last
night. Essentially, sentiment was clouded by a jittery economic outlook
amid hopes that the U.S. Federal Reserve would take additional stimulus
initiatives. As for the Malaysian market, HDBSVR said there could be
selective trading interest in the following counters including Maxis, after an Indian media reported that the telco operator has held initial talks to sell its unit (Aircel) in India.
Also in focus could be Zhulian, which has seen a 39% earnings jump in its latest quarterly result; and CB Industrial Product, as it has been awarded a milling contract in Indonesia worth RM50mil.
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