The Malaysian stock market is still going strong, still resilient even after the announcement of the dissolution of Parliament or maybe because of it. Even though local retailers are taking profit, there is strong foreign support.
According to The Star,
In MIDF Equity Research's April 1 report on fund flows, it noted that foreign funds are interested in Malaysian equity.
“Foreign investors were in the market buying every single day last week. Buying momentum was extremely strong with net absorption exceeding RM300mil a day from Monday to Thursday,” it said.
Year-to-date, foreign investors have already bought RM9bil net of Malaysian equity compared with RM13.7bil in 2012.
“Foreign participation rate also stayed elevated last week. Average daily gross purchase and sale was RM1.08bil, the fourth week in a row that it had exceeded RM1bil.”
MIDF said these are “positive overtures for Bursa Malaysia”.
Still, a wise investor whose objective is to preserve wealth and hedge against inflation would do well to also include gold and other previous metals in his investment portfolio. You can buy gold or silver bullion in banks here. However, no doubt (more so for collectors) the best choices can be found online where one can not only buy but also sell one's gold coins to make way for new coins to add to the collection.
Showing posts with label Malaysian stocks. Show all posts
Showing posts with label Malaysian stocks. Show all posts
Saturday, April 6, 2013
Wednesday, January 30, 2013
Stocks to buy Now and After the General Election
Yesterday, The Star's StarBiz suggested eight stocks to keep on your radar, good for now as well as post-election, the latter, i.e., if you are banking on the current administration staying in power. (Yes, GE13 is just around the corner if you haven't heard or read about it. Duh!)
These are some stocks that are worth taking a bet on, StarBiz suggested. These are stocks of companies that are doing well but which also have a political flavour one way or the other which could be in the form of government contracts, shareholdings or just personalities involved in their key management or ownership.
The eight stocks are:
1. SapuraKencana Petroleum Bhd
2. Gamuda Bhd
3. CIMB Group Holdings Bhd
4. MyEG Services Bhd
5. Malaysia Marine and Heavy Engineering Holdings Bhd
6. Prestariang Bhd
7. Cypark Resources Bhd
8. Handal Resources Bhd
For more info about these companies, read: The Star's Are you thinking what stocks to buy before and after the general elections?
Or perhaps you may want to check out Manchester United stock? It's now under $17 a share. Forbes Magazine says Man U is valued at a record $3.3 billion making them the world’s first sports team to be valued at more than $3 billion.
Last August, shares of the team were offered to the public at $14 but are now just under $17, boosting the wealth of the Glazer family, which has voting control of almost all of the team.
Famed investor George Soros was among those who purchased a stake in the 19-time English champions after shares went public.
Read more: Forbes says Man U valued at record $3.3 billion - Latest - New Straits Times
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