Looks like KLCI is going to be moving between 830-930. My analysis after March 27, 2009 shows that the plantation sector will be the strongest sector:
Malaysia | Longterm | Midterm | Shorterm |
KLCI | Down | Down | Neutral |
Finance | Down | Down | Neutral (+) |
Construction | Down | Neutral (+) | Up (+) |
Plantation | Down | Neutral | Up (+) |
Property | Down | Down | Neutral (+) |
Mesdaq | Down | Down | Neutral (+) |
2nd Board | Down | Down | Neutral (+) |
For the rest of the world, Asian markets are stronger than Europe while US market continues to rebound. However, current upward movement, based on my opinion is not strong. This movement could be the 1st quarter window dressing. So, at any time, everything can come down quickly.
World | Longterm | Midterm | Shorterm |
S&P500 | Down | Neutral (+) | Neutral |
DJI | Down | Neutral (+) | Neutral |
NasdaqComp | Down | Neutral (+) | Up (+) |
Nikkei 225 | Down | Neutral (+) | Up (+) |
Kospi | Down | Neutral | Up |
SSECI | Down | Up (+) | Up |
HSI | Down | Neutral (+) | Up (+) |
TWII | Down | Neutral | Up |
STI | Down | Neutral (+) | Up (+) |
SENSEX | Down | Neutral (+) | Up (+) |
FTSE | Down | Down | Neutral |
DAX | Down | Down | Neutral |
Coming back to KLSE, the following warrants should be monitored closely as they are in the money and the mother share may move up some more:
AMMB-CC, AMMB-CD, IOICorp-CJ, KLK-CH, Sime-CF, Sime-CG.
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