We will continue support KLCI 1st day after Merdeka Day!

We believe KLCI will trail Fed and China movement.  We continue to believe that once a one time interest rate raise by FED.  US dollar may face temporary sell off until FED next move which we believe can be only happened in 2016.

We continue to also believe that China still has a lot of bullets to ensure its market stable from this level.

Local front oil may recover further or to form a genuine bottom around USD 35.  But we believe OPEC does want to see it around USD 50 to 60.

With also Malaysia budget to be soon tabled.  We believe the over budget on oil issue at USD 110 will be over.  Perhaps BNM will be more agressive in defending RM at 4.2 level. 

After October, we believe recovery on its way back to above 1650 to 1700.  Although main street and stock market still weak.  There are definitely lots of good valued stock can be invested.  In short we still don’t see any factor that can cause another 1997.

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