Saturday, March 27, 2010

2010 will be bullish for Malaysia

Events in the near future will cheer the Malaysian Stock Market further north. On March 30-31, PM Datuk Seri Najib Razak will speak at the "Invest Malaysia" conference. The audience will mainly be foreign and local fund managers. Most probably investor-friendly policies that are bullish for the stock market will be announced. Looks like the Malaysian government is going all out to woo foreign investors to bring in foreign exchange. On June 10, under the 10th Malaysia Plan, more friendly measures will be announced and introduced.
On November 5, last year Forbes said that Sime Darby was in talk with Chinese investors for a possible stake sale. Should this come true, the palm oil sector will benefit. The government was also reported to be lowering its stakes in some big-cap companies later this year. This will generate a great deal of excitement and bring about the much needed stock liquidity in the market.
When "the stars are aligned" many good things will happen.
I look forward to a bullish 2010 for Malaysia.