Both news not looking good further dampened the market sentiment.  As such, we believe a bear is forming but we hope this will not force us to revise our forecast.

We continue to sold Success at above RM 2.50. We have used balance switched to CIMB, OCB and Affin.

The market downward momentum is strong.  It is against our forecast. Thus, we will slow down our purchase and wait for further bargain in the market.

We bought CIMB at RM 4.28, OSK at RM 1.62 and KSL at RM 1.29.  We believe the market is oversold especially CIMB.  However the downward momentum is still immense.  We will buy small amount over a period of time. 

New system created unwanted fears with artificial plunged globally.  Prompted China to suspend it’s own circuit breaker policy.  We think is a good time to invest further.  If the recent market plunged merely because of this. Of course Saudi and Iran confrontation. N.Korea hydrogen bomb test.

We put everything on hold and analyst data available to understand more about the second times sell-off.  At the moment we still maintain our outlook this year.

We still believe oil will recover back to USD 60 to 70.  However, momentum is building up and oil may test USD 30 per barrel.  Temporarily we believe the market is weak until oil stabilise.

After China plunged 7% impacted global market.  Worsening relationship between Saudi and Iran.  N. Korea Hydrogen Boom test did not help but further dampen the financial markets.

A fifth continuous contraction in China’s manufacturing industry and new circuit halt system effective January prompted sell-off for the start of January.

Some argue may due to Saudi and Iran tension in the gulf may further destabilise middle east political situation.

We will monitor the situation but we believe fluctuation gap is for sure getting higher.  We are not worry at the moment.

No chance at all.  We think main Street may feel some pressures. However it is also industries dependent.  Will there be a recession?  Technically by its economic definition there is no chance at all. 

GST impact that’s normally affected for 2 to 3 quarters may also reside slowly.  Continuous infrastructure projects by the government will help the data at least.