KLCI continue the climb to record high. Overall PE is about more than 15 times. Corporate results as mentioned not too outstanding. Palm oil prices has dropped significantly. Some slow down data and yet KLCI continue new high. We do not see any reason except money becomes to small and need to find value in KLCI. We continue to become strong defensive.
We do not see KLCI has a reason to go beyond 1,700 as of now
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J&J Investment Co. 
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