KUALA LUMPUR: The steps taken by the new Pakatan Harapan government to remove political uncertainty, including the setting up of the Council of Eminent Persons, will see more fund flowing into the country.
Aberdeen Asset Management Chief Executive Officer Martin Gilbert said the country's economic environment is positive compared with the situation before the recently concluded 14th General Election.
"Generally, it is good news. Following the establishment of the council, which includes the former Bank Negara Malaysia governor, both foreign and local fund managers are reassured of a stable economy," he told reporters after the meeting between Tan Sri Zeti Akhtar Aziz and 180 fund managers here today.
Gilbert said the meeting was very useful with the world's longest serving central bank governor giving her input on the current economic issues in Malaysia, plans going forward and her role in the council.
"With her knowledge of the financial markets, I think this will make global asset managers look more closely at Malaysia going forward," he said.
Asked on rating agencies' concern on Malaysia's ability to fill the revenue gap without the Goods and Services Tax, he said these agencies would have to look at the economy as a whole.
"The great thing for Malaysia is that all of the (economic) dynamics and growth are good.
"However, we will have to wait for the government's plans," he added.
Aberdeen Asset Management has US$800 billion (US$1 = RM3.95) assets under management, with US$5 billion invested in Malaysia. -- BERNAMA
just my 2 sen , yesterday buying at limit up 53 millions .. new positions. today open at 105 sen zoom up to 117 and close at 95, buy and sell at 59 million. IF tomorrow got follow through buying , price with lightning speed past 105 cos there wont be much to sell to dampen the price.. good luck... this election feel good euphoria should make a positive uptrend at least for 6 months for opcom if scomi is use as history guide in 2004. kikiki
Yea, what is heavy script and also what is P17? I am new in this. Seems like all shares related to PH is dropping although not as bad as Myeg and Gkent.
Uncle Lim. Not easy to lari when it drop so much bcoz I believe some investors bought at high price:( Is a big loss if lari. If hold for long term hopefully can rebound.
Fibre optic is surely hi demand hi speed fibre optic widely used among telecommunications. Sarawak going to fix throughout the region, rest assured going to be high demand
Lol.. Lim, everyones opinion differs. Just to let you know that labeling others based on your personal views are not right and it doesn't matter if you are an uncle or not.
Some profit taking is healthy, then sure will go up, it s normal.... Counter still cheaper.. Future of the stock is good under the politician, and his father is the pm... Buy it when it is cheap, or else you will regret...
need to boast meh ? typical noob retailers buy gamble counter and the boast you good ? LOL.. i made 2 millions from this counter . so what's your point , kid ?
Jalan ampang zouk Club land, previously owned by Bolton Bhd, is now owned by Daim’s family, but many are not aware that AVI also owns a substantial interest in the property.
AVI had acquired a 40% stake in Menara Ampang from Daim’s family for RM36.4 million. However, the announcement, which did not say Menara Ampang owned the Zouk land, went largely unnoticed.
The major shareholders of AVI are chairman Datuk Gan Eng Kwong and his wife Datin Irene Tan. Others include Daim’s family vehicle, Ibu Kota Developments Sdn Bhd, and Datuk Mukhriz Mahathir
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JN88
11,670 posts
Posted by JN88 > 2018-05-15 15:59 | Report Abuse
I'm waiting people scold Dr M for dropping of Opcom...