What Stocks have Foreigners Been Buying?

Take a look at Credit Suisse’s latest report on a summary of What Stocks have Foreigners Been Buying in Malaysia.

1

Biggest increase in foreign shareholding:-

1. Malaysian Airports, +13.7pp
2. Gamuda, +8pp
3. Maybank, +5.4pp
4. CIMB, +4.8pp
5. Sime Darby, +2.7pp

Reduced Foreign Holding:-

1. Air Asia, -9.6pp
2. Karex, -3.0pp
3. Tenaga, -2.4pp
4. IOI, -0.5pp
5. Telekom, -0.5pp

CIMB Downgrades Malaysian Banks

The argument for the downgrade refers to the implementation of Malaysian Financial Reporting Standards (MFRS) 9. Somewhat similar to CET1 ratio, the provision methodology would change under MFRS 9.

It was estimated that under MFRS 9, it would negatively impact the net profit of banks in the future.

See the full report below including sensitivity analysis of respective banks.

1

CS on Malaysian Economy Q1 2017

Credit Suisse stated that Q1 2017 is likely the peak for our country’s GDP. Historically Q2 is proven to be much weaker than Q1 for obvious reasons but Raya seems to be in Q2 this year and hopefully that changes everything. This makes Q3 the definite slowdown quarter that would be recorded this year.

Take a look at CS’s report in the link below to see the segments that grew or shrunk in Q1.

1