Oil and RM will strengthen in next 6 to 12 months

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.