Posted by Tobby > 2021-11-06 14:32 | Report Abuse

Actually this is very good for short term investors! However, it's not easy!
Bursa breach 1600 few weeks ago! And then drop sharply because of Cukar Makmur!
Of course, bursa has very short term memory! It will go bullish again once parliment is close!
As for by election in Melaka and Sarawak, chill, Harapan will win Melaka and Sarawak remain with GPS! Harapan can only win in Sarawak if they do well as administrator! However, given the bad experience during 22 months, i doubt Sarawak want to change the status quo!
Anyway, unlike Sabah by election, this round Covid should be under control! Almost all adult malaysians already gone their vaccine! Booster will be given by next year! So it's basically perfect for booster shot once both by election is over!
And this round, antiviral will be available hopely by next year! So Covid will not be a huge worry!
Having said that, bursa will only go back to bullish mode once parliment is closed! Or Budget is passed!

Posted by Intrinsic99 > 2021-11-06 14:39 | Report Abuse

market expected will stay at resilence for the next 14 months due to

cukai makmur

stamp duty increased by 50%

dividend shall be slashed in lieu of cukai makmur imposed

foreign funds participation low

local funds start to cash out

local market equities valuation not attractive if compare with other regions

political uncertainty heading 2023 poll election