As expected, the Pakatan Harapan (PH) and Barisan Nasional (BN) alliance managed to defend its turfs in Penang, Selangor and Negeri Sembilan while Perikatan Nasional (PN) maintained its dominance in Kedah, Kelantan and Terengganu. However, significant inroads made by PN in all three states won by the unity government were beyond expectations and could be a sentiment dampener for local equities due to growing popularity of fundamentalism that could shake the core founding principles of this nation. The outcome places the unity government in a tight spot to regain support of the masses, especially the Malays, while impeding its ability to freely pursue non-populist measures that are regarded as vital to improve the nation’s finance and long-term competitiveness. In a nutshell, the election failed to restore conviction that Malaysia’s political stability is returning and will place investors on edge until GE16. In the interim period, the efficacy of government policies will be closely monitored while gauging changes in its popular support. We are maintaining our end-2023 FBMKLCI target at 1,515 based on CY24 PER of 13x at the backdrop of possible end to interest rate hike cycle in the US and growing worries about deflation fears in China.
Source: TA Research - 14 Aug 2023
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WCTCreated by sectoranalyst | Jun 28, 2024
Created by sectoranalyst | Jun 27, 2024
Created by sectoranalyst | Jun 27, 2024
Msia will move into next phase & forget about green wave loh!
Anwar still have 4 yrs to put the economy in order loh!
2023-09-13 10:30
Politicians must ensure that national unity and harmony are upheld at all times and they have no business issuing fatwa (religious edicts) as they wish, Selangor Ruler Sultan Sharafuddin Idris Shah has decreed.
The country, said the Sultan, would regress should political leaders harp on propagating racial polarisation and instigating people.
Daulat Tuanku ! Daulat Tuanku ! Daulat Tuanku !
2023-09-13 13:00
speakup
thanks to Green Wave our bursa also super green! wah like this, next election we must vote PN leh
2023-08-15 21:35