Wednesday, November 10, 2010

This bull run is likely to continue

The present bull run in the Malaysian stock market is likely to continue. The Fed's injection of another US$600 billion into the US economy is a strong catalyst to boost the stock market further.

HwangDBS Investment Management Bhd chief investment officer David Ng said at a briefing yesterday that the local market could very well experience the bullrun of the early nineties when stocks were traded up to 30 times price-to-earnings ratio largely as a result of all the cheap money. Click here to read more.