1. KLCI dropped another 9.47 points last Friday to 1494.52 points.
2. Asia market was positive this morning with Nikkei up 76.3p while Australia up 43.1p. (as of 845am).
3. Major news globally = Egypt's Mubarak has finally agreed to step down, the country is now planning its stimulus plan to jump start its economy.
4. 3 companies mentioned in The Edge Weekly:
i) Metro Kajang - talks about the Company continuous effort to build in Kajang
ii) POS Malaysia - bidding for Khazanah stake coming to end-stage
iii) PFC Engineering (which is making MGO for APP Industries) is likely to get RM500m job, The Edge reported quoting unnamed sources.
5. From the economy data, watch out for Malaysia 2010 GDP which will be released on Friday 18-Feb-2011.
Overall, I am positive on today's outlook with KLCI should regain its 1500 points level.
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
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