KLCI to be range bound ahead of budget

There may be speculation but also some short term funds selling.  As many can expect a tightening deficit budget is going to be the objective. 

Corporate tax and personal tax may be lowered ahead of GST.  Many industries will wait for the detail or exemption or inclusion.

To our perspective.  Help those areas in need but definite not handling out cash.  As this will increase wastage as the criteria to receive the money is too general.   

In general, fiscal policy is a tool to influence the economy with objective.  I bet the most critical objectives now are to reduce budget deficit; channel resources to grow high margin industries and realign growth via human factor development like education and social welfare.

The market will very much depending on the budget to build it’s next 2 quarters trend before GST starting in April 2015.  We continuous recommending good stock pick and away from speculative play.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: