Malaysia July Import Increases MOM/YOY – Good

With the year on year and month on month data, also the overal export market to other countries.  We should be protected not to slip into recession easily.  Today data re-inforced us that ASEAN will do well for this round.  Even if it is an overall recession again, it should be impacted not as bad as Euro zone and US.  Internal demand also show growth and this is important to me.

Another 1-2 months data will clear the air.  Since the major market correction started in August.  So we will see further but it is a good sign.  We rewarded this result with some mild buying activities.