Malaysia recently having few Government link share listing
in Bursa Malaysia. Early is Gas Malaysia (GASMSIA) on June, then Felda Global
Ventures Holding (FGVH). And now is IHH Healthcare. Each counter has been mop
up few billion Ringgit Malaysia and the benefit all go to Government or
Government Link Counter (GLC).
Is Malaysia market full floating in cash or just a way to
show off? Understand that the Local Institution is Key player of the Bursa
Malaysia. Local Retail is just a follower and not even has power to manipulate
the market so does Foreign. There were a
report said that the fund of Local Institution is much higher than Malaysia’s
GDP. Therefore, it is easy to get supporters (fund) in Share market providing
you are from GLC.
Back to Malaysia real market, it seems the economic is
growing in slowly and steady. But, when you visit the retail shop, you will see
their sales are drop although there is a lot of “window shopping” consumer
around the corner. Government is planning to give another round of RM500 to
poor people, in exchange to boost the market and economic. The problem is where
the money comes from? Issue new Bonds to increase the Government debts or use
the future money???
The FBM KLCI will continue break the record high. 1620 level
can break easily and let see whether they can reach 1700 level before announce
of General Election.
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