KLCI will continue range bound to lower with BNM household rising debts curbs

We welcome BNM household debt rising concern and curbs. In fact, we think it should come much early even years back when the issue has been raised. However, we still think the curbs are to mild to stop the problem.

We see temp reaction towards banks and properties counters but limit to very minimal impact. KLCI will continue in range bound between 1760 – 1790 which we think 1800 is not possible at the moment.