Personally i think it is a good budget for low income group. Well balanced and social oriented. Indeed it looks like a socialism budget before pre election.
Retail segment may be boosted for a while but won’t be direct impacted to most corporate earnings. The amount of money into the market from personal income tax not substantial.
Budget deficit plan to reduce which may be good for RM. However well offset by potential lack of collection and debts to be borrowed. Overall no solid sparks for stocks. Perhaps with some fire here and there.