KLCI Market crash again??? Market already crashed so how to crash again in such a short time. Just make a simple comparison between year 2007 and year 2015. KLCI index stood at 1447 on 28 Dec 2007 and the index plunged to 867 after foreign funds disposal of RM 13 billion equity in year 2008. What had happened to year 2015? Foreign Funds exited RM 19.5 billion for the year 2015 but KLCI index dropped only from 1761 to 1693...so it was really pathetic figure.
OTB. FF has successfully pulled down RM from 3.2 to 4.2 but they failed miserably in creating massive panic selling in KLSE. Our Bursa is still relatively cheaper by 25% to 30% after taking into account depreciation of RM. FF don't have much shares to sell now. M expecting FF to pour more money into the market and trigger a bull trend in KLSE.
OTB. Rooster year would be a good year for bull run. Najib may announce GE next year. KLCI is almost fully controlled by EPF and local funds judging from what had happened in year 2015. Without FF dumping, it's up to our government to make a call to manipulate the index.
Of course, any break through in KLCI index must be supported by our big bank, Maybank. Maybank has announced a worst ever NPL and impairment of RM RM 1.18 billion for 2nd Qtr 2016. It's expected more NPL provision especially O&G in next 2 quarters. Next year, Maybank is expected to show better profit due lower NPL or reversal of impairment.
http://klse.i3investor.com/servlets/cube/junichiro.jsp Here is what Fung Shi for 2017 says about stock mart :- yin fire year often boost peoples confidence about the economy bringing good performance to the stock market. Particularly during the spring and summer seasons when the wood and fire seasonal element will make the candle burn very bright and such illusory fire will drive up the stock market sky high. However, once the seasonal support of wood and fire expires in around August onward, there will be dramatic downturn as the illusive candle flame is dying. Hence for people play in shares and stock market have to prepare for big disappointment in the second half of the year. Such phenomenon of crazy market in first half year and collapse in autumn happened in many previous yin fire years before, such as 1987, 1997, 2007.. The bearish market may commence from around August 2017 and this time the impact can be long lasting as there will not be any support to fire element between 2018 to 2022.
Ans : Up_down, Is the above inline what you think about Rooster year ? Thank you.
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Posted by beso > 2016-10-25 10:04 | Report Abuse
狼来了