It looks like our interest rates will raise again following the US and this time, the sentiment shows positive results than before.
Consumer inflation from fuel prices had already turn into something that we can’t get away from and MYR had strengthened once again. Although we are indifferent than was it was a year ago, the consuming index continues to improve.
A simpler way to put this “Life goes on…”
Take a look at the report from Credit Suisse
Growth is still the most important thing in investing as it represents an increase in value for your investment. Take a look at the latest articles by Credit Suisse on Investing for Growth.
This is the latest report from Credit Suisse where it valuates Malaysian banks after the implementation of Malaysian Financial Reporting Standards 9 (MFRS 9).
This is likely the reason why Inari Amertron spiked 5% mid-day.
It seems though the prospects for 2H 2017 is brighter than ever with earnings momentum coming into place. Most research houses are looking at 1Q 2017 corporate earnings being the weakest for the year and the markets kind of agree with it and see a smoother run towards Q2 results.
Click for report
The underperform rating on Malaysia had already been taken off and now its a neutral recommendation for Malaysia.
Well that’s common case for most investment banks to be a step behind the action… The best is to digest the data and given and take contrary thoughts on the recommendation by these research houses.
That will save you a lot on chasing the market!
Not sure so sure with the continuous bullish view on Air Asia in fact CS lowered the target price to RM3.10. We felt that this isn’t the counter to gamble although the last few days crude prices dropped sharply.
Anyway if you are interested, take a look at these two reports from CS and CIMB…
2016 had been filled with tonnes of surprises from Brexit to Trump presidency which ranks one of the biggest surprises up there. Well not much in queue for 2017 regarding major events but CS lists surprises for 2017 in the form of exceeding expectations from S&P index to oil prices.
Which country would be turning into the next high growth nation?
See CS research on the next frontier for investments!
This report touches on how Ansell which Karex contracts from is mulling the sale of its condom unit. The ambition of Karex to build its own brand name might be propelled forward with the acquisition of Ansell’s ‘Lifestyles’ brand where it holds 14% of global market share.
But the problem is the price tag where the valuations stands somewhere around US$ 1 billion which far exceeds the market cap of Karex. Since that’s the case the acquisition might not be possible after all which leads to another problem.
Depending on who acquires the rights to ‘Lifestyles’, the operations might change and that would directly affect Karex’s operations.
See the link below for the report.