18.4.2011

So there is no surprise in the Sarawak election and the market really rebound, but can it last?
why I say so? I missed the buying?No ! just read through the Hwang dbs comments, I am still not convinced to start parking my limited funds for the BURSA.

Today's Market Preview
Our Malaysian bourse will probably kick off the week on a positive footing today. Its benchmark FBM KLCI may rise to challenge the immediate resistance level of 1,530 ahead.
Essentially, investors who trimmed their positions last week due to uncertainties over the outcome of the Sarawak state election on
Saturday could make a comeback following the victory of the Barisan Nasional ruling coalition. If so, then Sarawak-linked stocks that were sold down last week – such as Cahya Mata Sarawak, Naim and Dayang – may get a lift today.
Other counters that are likely to be of interest include: (a) Proton, in response to a news report saying that the government could be setting up an advisory council to study a proposed merger with Perodua; (b) Tomei, which has just announced a single-tierdividend per share of 3.3 sen, translating to a dividend yield of 4.9% based on its last done price of RM0.68; and (c) Smartag as it makes its debut listing on the ACE Market this morning