We repeatedly expressed our forecast that oil and RM will improve further in next 6 to 12 months. We think oil will be above USD 60 per barrel and RM exchange rate of to USD below RM 3.80.
KLCI will retest 1750 – 1800 level with bluechips and midcap stocks leading the way. We may be wrong but with calculated risk investment on bluechips. The probability to have a good ROI is higher.