The Stock Market Is Heading For Better Times
Thursday, May 6, 2010
Huh?
That's what I said too - given what has happened this week.
Then I realised it's market comments from OSK.
LOL!
Ok I am being nasty here but I guess some folks have no sense of timing or whatsoever. :P
Stock market heading for better times
- Petronas listing in H2 will spill over into the oil and gas play
KUALA LUMPUR: The economy will be back in business in 2011, and the stock market will be better than what it is now, said OSK Investment research head Chris Eng.
“With the listing of Petronas’ (Petroliam Nasional Bhd) units in the second half of the year, there will be a spillover into the oil and gas play.
“The Sarawak state election should also provide some excitement. Things should go back to normal by year-end,” Eng said during the launch of OSK’s Top Malaysian Small Cap Book: 50 Jewels.
Eng added that most of his clients were now trading in the market, although clients who had global headquarters were still cautious. According to him, the next few months will be choppy with a mixture of positive and negative headlines, but all these are temporary factors.
Eng has a year-end FBMKLCI target of 1,465 for 2010, and a fair value target of 1,580 for 2011....
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