The Equity and The Economy Strategist

Isn't the following interesting?

1. Aug 29: CLSA raises Malaysia mart weighting to 9pc

CLSA Asia Pacific Markets has increased its recommended market weighting on Malaysia to 9 per cent from 7 per cent on expectations that it may outperform other markets amid a more bearish regional outlook.

CLSA’s global strategist Christopher Wood noted that the Malaysian market had historically outperformed during periods of global slowdown.

CLSA gave Malaysia the highest weighting in the region after South Korea, Taiwan and Hong Kong.

2. Sep 21: Gloomy outlook on M'sia from CLSA

That's why his analysis early this month titled Labouring made many people in Malaysia's halls of power sit up and take notice. In the most bearish assessment so far, Dr Walker estimated that Malaysia's economy will grow 'only 2.5 per cent in 2006, driven by a 5 per cent contraction in exports on the back of euro weakness'.

That's remarkably gloomy.

It isn't clear if Dr Walker thinks the worst will come, but he does predict two things: China will slow appreciably, and the US dollar will strengthen against the euro, possibly to reach parity next year. According to him, Malaysia's export-driven growth will suffer on both counts.

Dr Walker's argument can be boiled down thus: By deliberately keeping the ringgit undervalued, Malaysia is locking itself into low value-added, labour-intensive export products, whereas an appreciating ringgit would have encouraged higher value-added production.

3. Oct 13: CLSA overweights M'sia

CLSA Ltd, which is expected to start its stockbroking operations here on
Oct 24, is overweight on Malaysia given the good dividend payout and the low risk involved, its country head CLSA Chris Michael Lobello.

He said: “Primarily, we see Malaysia being defensive at the time and
over the period, we’ve seen Asia and global market falling a bit, but Malaysia has been holding up strong.

“It has strong dividend yields and other number of factors that help support, but the house view’s is very much overweight for Malaysia right now.

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:D

Looks like CLSA equity strategist is much more optmistic about our market here than their own CLSA economist strategist....

Oh .... the latest report... i wonder ... with CLSA opening shop here on Oct 24th... i wonder... if i should discount the issue of whether the report is partial or impartial?

how?

like them phooney phoney footie pundits... me think i shall hide under me turtle shell or as they say i would just sit on the fence lor.... me not suggesting or implying anything... ok?

But if u like to leave ur opinions.... do feel free to do so... ok?

:D