Foreign investors have started to pull out of South East Asia market.
Yesterday, net foreign selling reached RM352.5m one of the biggest one seen so far this year.
Recall that on 17-May-2013, I have said that the party is going to end soon between 1 week to 1 month time.
And yesterday 11-Jun-2013 , 3 weeks after my post... KLCI tumbled 8 points. As KLCI is usually considered low beta index, 8 points is A LOT.... especially with Indonesia index and Thailand index tumbled significantly.
What to do?
I may be willing to TAKE PROFIT on any shares which already gain > 20% profit.
HOLD on to stocks with high dividend yield more than 5%.
No more BUYing as I may want to wait for KLCI to be closer to 1750 before seeing opportunity again.
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.
No comments:
Post a Comment