When investing into properties, strategic location becomes an important factors. My personal view is MRT made many locations becomes strategic instead of one area. It is a good news for the average but not so good for the strategic. Worst is for those no plan to be connected in the next 5 year. Office and low to middle end residential will see the direct effect.

All data pointed to the steady recovery from most segment especially GDP, retail and home prices. Because of this Australia dollar rallied as expectation of better commodities prices.  If US, China, ASEAN are doing well. Recovery can be seen in EU. We may see a perfect growth in next 2 to 3 years. Underlying risks still there. But in short to mid term look positive. 

We upgrade Insas to strong buy and change YSPSAH to mild buy on weakness as price has escalated near RM 3 before ex-dividend.  

Manageable risk and we continue to pick up mildly MBSB-C2 today.

We continue to favour a gradual test to 1800 above after Raya. Retails should start final round of accumulation.  We see strength to continue till year end amid global uncertainties.

MBSB C2 should have a good potential targeting 400 if MBSB reaching 1.60 before year end.  Well it is not our style to invest heavily in Call Warrant but we think a good target with right timing potential.

The reason is simple.  More products options. Less limitation to financing various industrial and infrastructure projects. Lower cost of fund. Improve deposit rates.  With the impairment about to be finished by year end.  Profit expected to further improve and potentially write back.  It is a definite buy call.

The result will start to spur more direct investment to the country.  This move looks positive for long term to Malaysia. Transforming further to a service oriented economy.  Branded and promising.  This is by far the best news I believe for Malaysia.  We continue to look positive on Ringgit, Stocks and business in the country.

In this scenario, it is going to be really well as the rate hike is longer sparking strong dollar rally.  Market fully digested and USD set to be weaker in coming months. 

Review on policies on immigration.  New measures on foreign property ownership including vacant tax.  Higher stamp duties to slow property prices growth as to one of the world most expensive in Sdyney.  

As minerals prices on export remain sub due.  Also China new policies to curb money flow out from the country.  All likely to point to a slower demand of its properties and at the same time reducing its economy policies dependency that based on migration.  During the transformation I expect a weaker Aussie dollar in near term.