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Strategy The going is getting tougher

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Strategy The going is getting tougher Empty Strategy The going is getting tougher

Post by Cals Tue 07 Oct 2014, 23:32

Strategy The going is getting tougher
Business & Markets 2014
Written by Kenny Yee of BIMB Securities   
Tuesday, 07 October 2014 08:52

KUALA LUMPUR (Oct 7): Aftermath from the recent results season has been downgrades across the board further compounded by externalities in the middle east and also China.
As a result, investors with their confidence bashed are finding it hard to stay positive as the FBM KLCI relented with a 1.06% decline in September as foreign selling gathered traction.
Weaker ringgit and the lack of buying catalysts are main reasons for the prevailing lack of buying interests as many are expecting further weaknesses.
In addition, looming higher interest rate have had affected sentiments as investors are becoming more risk averse now.
Based on our and consensus latest figures, our “fair” valuation for the FBM KLCI has been revised to 1,840 from 1,850 and our liquidity induced target reduced to 1,900 from 1,930 previously.
Cals
Cals
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
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