The overall market sentiment is still blink and the outlook for 2H08 also uncertain with political unstability and inflation pressure. Results:
1. Reduce in corporate earning
2. For good management, cost push will force them to increase their operation efficiency.
3. Commodities price will still volatile but will stabalise probably toward the end of 1Q2009.
4. CPO price may retreat to RM2,000 level if oil price drop to USD$100 and below.
5. Downward bias for equity market for atleast another two quaters.
6. Parking fund in money market and seek trading opportunities in futures market.
Strategies:
Investment amount = RM250,000 Start date: 15 August 2008 Target Return: 30% p.a
Equity Investment: Nil
Will buy for trading if market drop more than 30 points. Wait for opportunities.
Futures & Options Investment:
Amount = RM50,000
Money Market: 3% retutn
Amount = RM200,000
