BUKIT LANJAN: Malaysia’s 2018 economic outlook not that daunting

70 Interesting Facts about Malaysia
By Tayja Kuligowski, Junior Writer
Published December 20, 2016
One of Malaysia’s oldest names, Aurea Chersonesus, means “peninsula of gold.” It was given by Greco-Roman geographer Ptolemy in his book Geographia, written about A.D. 150. Malaysia is actually more famous as the world’s second largest producer of refined tin … for more, go to https://www.factretriever.com/malaysia-facts

BUKIT LANJAN: Malaysia’s 2018 economic outlook not that daunting

According to a foreign bank, Malaysia’s growth fundamentals this year appear to be solid on the back of improving global fundamentals and higher oil prices.

But Malaysia's gross domestic product (GDP) is predicted to moderate slightly to 5%, according to OCBC Bank 2018 Global Outlook report.

“Malaysians do hope the report is accurate because it means the economy will not be that nasty as many had anticipated,” Gerakan Deputy Speaker Syed Abdul Razak Alsagoff said.

He said Malaysians still needed to be cautious with the continuous volatility of both the domestic and global economies.

“Global economic and political disputes, feuds can dampen businesses and the confidence of investors.

“Lets not be caught unprepared when there is a sudden downturn due to domestic or global feuds. In short, down let down our guard re be caught with our pants down,” he added.


Malaysian Economy Expands at Fastest Pace in More Than 3 Years
By Pooi Koon Chong and En Han Choong
November 17, 2017, 12:00 PM GMT+8
Malaysia’s economy grew at the fastest pace in more than three years in the third quarter, supported by resilient domestic demand and a manufacturing sector that’s benefiting from booming global trade.
Key Points
· Gross domestic product rose 6.2 percent from a year earlier, after climbing 5.8 percent in the second quarter, Bank Negara Malaysia said Friday
· The median estimate of 19 economists surveyed by Bloomberg was 5.7 percent
· GDP rose a seasonally adjusted 1.8 percent from the previous three months … for more, go to https://www.bloomberg.com/news/articles/2017-11-17/malaysian-economy-expands-at-fastest-pace-in-more-than-3-years 
Syed Razak, who is Gerakan’s nominee to contest N.37 Bukit Lanjan in the coming 14th General Election (GE14), said Malaysians and Malaysia would survive any challenge as long as they continue to persevere, unite and work tirelessly for success.

“We have survived 60 years of Merdeka (Independence), there is no reason why we cannot do so for another 60 years,” he added.

This was what was reported by national news agency Bernama as posted by The Star Online: and two welcoming positive news from the Jan 4 market trading day:

"Malaysia's GDP to grow 5pct in 2018

ECONOMY
Wednesday, 3 Jan 2018
10:44 AM MYT


KUALA LUMPUR: Malaysia's gross domestic product (GDP) is estimated to moderate slightly to 5.0 per cent in 2018, with growth fundamentals appearing solid on the back of improving global fundamentals and higher oil prices.

According to the OCBC Bank 2018 Global Outlook report, the country's economic growth would like stay supported by further traction seen in private consumption, investment spending and trade.

“The fiscal spending backdrop from the recent Budget should add to bolster both consumer and investor confidence this year,” it said.

It said the higher inflationary pressures could be a natural by-product when both demand-pull (driven by stronger domestic demand) and supply-push (higher oil and food prices) forces concurrently tune higher into the year.

“As such, further monitoring on how domestic prices may evolve into 2018 is warranted.

“In the same vein, with Bank Negara Malaysia commenting its flexibility to adjust the degree of monetary policy accommodativeness,” it added.- Bernama


KLCI closes at 1,803, highest since May 2015

MARKETS
Thursday, 4 Jan 2018
6:08 PM MYT
by joseph chin

KUALA LUMPUR: Petronas Chemicals and Sime Darby helped power the FBM KLCI past the key 1,800 level at the close of Thursday – the highest since May 2015 – on strong foreign fund buying.

At 5pm, the KLCI was up 10.66 points or 0.59% to 1,803.45. Turnover rose to 5.05 billion shares valued at RM3.28bil.

The broader market was firm with advancers leading decliners to two to one. There were 644 gainers, 330 losers and 459 counters unchanged.

Southeast Asian stock markets rose on Wednesday as sharp gains on Wall Street overnight on solid US economic data buoyed regional equities, while surging energy stocks pushed the Thai index to a record closing high.

In Asia, shares vaulted to 10-year highs as increased US factory activity and record low unemployment rates in Germany reinforced investor optimism, Reuters reported.

Petronas Chemicals jumped 24 sen to RM8.19, the best in recent months, and adding 3.31 points to the KLCI. Petronas Gas gained 16 sen to RM18.10 and Petronas Dagangan eight sen higher to RM24.58.

Sime Darby gained 27 sen to RM2.68 and pushed the KLCI up 3.26 points. Its market capitalisation rose to RM18.22bil. Sime Plantation rose five sen to RM5.55 and Sime Property eight sen higher at RM1.60.

Glove makers were also among the gainers with Top Glove at a record high of RM8.71 while Hartalega 40 sen to RM10.80 and
Kossan 33 sen higher at RM8.43.

Sime Darby advances to the highest since demerger

MARKETS
Thursday, 4 Jan 2018
4:14 PM MYT
by joseph chin

KUALA LUMPUR: Shares of Sime Darby Bhd rose to a high of RM2.71 on strong fund buying late Thursday and pushing its market capitalisation to more than RM18bil.

At 4pm, the FBM KLCI was up 6.51 points or 0.36% to 1,799.30. Turnover was 4.22 billion shares valued at RM2.40bil. There were 559 gainers, 367 losers and 460 counters unchanged.

Sime Darby rose 25 sen to RM2.66 with 18.22 million shares done.

Sime Darby Plantation gained five sen to RM5.55 and giving it a market capitalision of RM37.74bil.

Sime Darby Property Bhd added five sen to RM1.57 and this saw its market capitalisation rising to RM10.67bil.

The plantation and the property businesses were demerged from Sime Darby and were listed on the Main Market of Bursa Malaysia on Nov 30.

Earlier, Maybank Investment Bank Research downgraded Sime Darby Plantation to Hold from Buy, given no clear catalysts after the counter surpassed its target price.

"Sime Darby Plantation’s share price has risen sharply over the past month (+20% on-month). We continue to like Sime Darby Plantation for its quality assets, size and geographical diversity, and we are mindful of its RM9.45 a share realised net asset value (RNAV),” it said.

PublicInvest Research has initiated coverage of Sime Darby Plantation with a Neutral call and a target price of RM5.68.

It said on Thursday the current share has fully reflected the muted crude palm oil (CPO) price performance.

The research house said the target price was based on forward price-to-earnings ratio (PER) of 29 times (15% premium to the industry average of 25 times), which is justifiable.

The factors are the i) sizeable plantation landbank, ii) strong market share in the global palm oil production and iii) decent average age profile of 12.9 years old.
"


N.37 LET BUKIT LANJAN SOAR WITH SYED ABDUL RAZAK ALSAGOFF

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