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Ulasan Pasaran: Pasaran KLCI kembali melonjak
Oleh Kaladher Govindan
SAHAM di Bursa Malaysia melonjak tinggi sebaik memulakan dagangan pada tahun baru, dengan peningkatan ketara pada kaunter murah susulan pertambahan momentum belian mencecah paras tertinggi dalam tempoh enam bulan berikutan kemasukan kembali pelabur yang pulang dari cuti hujung tahun.
Minggu pertama 2010, Indeks Komposit Kuala Lumpur FTSE Bursa Malaysia (FBM KLCI) menokok 20.2 mata atau 1.6 peratus kepada 1,292.98 mata, didorong peningkatan kaunter mewah termasuk CIMB (+54 sen), Axiata (+11 sen) dan IOI Corp (+12 sen) yang secara umumnya menyumbang separuh daripada peningkatan indeks.
Purata jumlah dan nilai dagangan harian melonjak kepada 1.43 bilion saham bernilai RM1.59 bilion, tertinggi sejak pertengahan Jun tahun lalu, lebih tinggi berbanding 555.9 saham bernilai RM744.6 juta yang diniagakan pada minggu sebelumnya.
Kenaikan mendadak aktiviti pasaran minggu lalu adalah sesuatu di luar jangkaan, didorong petunjuk perkilangan positif daripada Amerika Syarikat (AS), China, Eropah dan India, sekali gus merangsang pasaran.
Kenaikan jumlah dagangan hampir tiga kali ganda dan bukannya nilai, menggambarkan peningkatan minat dalam kaunter murah dan bermodal rendah, sejajar dengan kelaziman peningkatan awal tahun yang dikenali sebagai ‘Kesan Januari’.
Indeks penanda aras mengalami pengukuhan pada separuh kedua minggu lalu sejajar kelemahan pasaran global.
Walaupun tahun ini bermula dengan baik dari segi aktiviti pasaran, arena korporat tempatan tidak sunyi daripada kemunculan pergolakan di peringkat pengurusan.
Sebagai contoh, ketegangan antara anggota Lembaga Pengarah dan pengurusan Petra Perdana Bhd yang
semakin memuncak.
Pergolakan itu menyaksikan penggantungan hampir semua pegawai pengurusan kanan syarikat dari jabatan operasi, audit dalaman dan pematuhan, perundangan, akaun dan kewangan.
Jika berlaku ketegangan antara pemegang saham, ia adalah perkara biasa tetapi pergolakan antara pemegang saham dan pengurusan akan menggugat kestabilan prestasi kewangan dan moral kakitangan secara serius.
Sebilangan pemimpin korporat yang ditemui minggu lalu, berharap rentetan insiden berkenaan tidak memberi isyarat salah kepada yang lain kerana ia akan menimbulkan kesukaran dalam membuat keputusan.
Selain itu, pasaran juga tidak sunyi daripada khabar angin mengenai siasatan dalaman Alliance Financial Group dan peletakan jawatan pegawai kanannya.
Dalam hal itu, pihak pengurusan harus lebih telus mengenai siasatan dalaman ketika bertemu penganalisis Jumaat lalu, tidak hanya menjelaskan bahawa ia cuma isu tadbir urus.
Minggu ini, pasaran dijangka mengalami pengukuhan susulan berlaku aktiviti pengambilan untung yang sederhana.
Bagaimanapun, kedudukan pasaran masih lagi positif dan pertambahan kukuh jumlah urus niaga menggambarkan kesanggupan pelabur untuk mengambil risiko yang lebih besar.
Penurunan harga akan dilihat sebagai peluang untuk membeli saham khususnya yang memiliki beta tinggi iaitu yang memiliki asas kewangan yang baik, selain pendedahan kepada kaunter bertahan seperti dalam sektor sarung tangan getah dan tenaga.
Paras halangan bagi FBM KLCI ketika ini adalah pada 1,300 dan 1,305 mata manakala paras sokongan adalah pada 1,287 dan 1,248 mata. |
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Yusli: Positive signs of recovery in equities market
KUALA LUMPUR: There are positive signs of recovery in the equities market especially, after Bursa Malaysia’s market capitalisation hit RM1 trillion last Tuesday, Bursa Malaysia’s chief executive officer Datuk Yusli Mohamed Yusoff said.
“It is a feat last achieved in 2007 before the global financial crisis,” he said at the a Market Chat 2009/2010 Roadshow on Saturday.
He said retail participation was also coming back – on the first day of trading this year retailers recorded an encouraging 34% (from some 20% 2009). “With the Government adopting an aggressive stance to make Malaysia a high-value economy, this would translate into a new era of growth for our economy,” he said.
Yusli said with such major transformation taking place, sectors of the economy that were deemed high value and high growth would see more economic activities.
“This will also have a positive impact on the Malaysian capital market and those who choose to participate,” he said.
Bursa Malaysia, he said, was serious in further developing the capital market. “While we make every effort to remain market friendly, you must also know that investor protection is a top priority for us. We remain focused on maintaining a regulatory framework that is effective without compromising market integrity,” he said. — Bernama |
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Ringgit bakal cecah RM3.15 sedolar AS
KUALA LUMPUR 12 Jan. - Ringgit disasar melonjak kepada 3.15 berbanding dollar Amerika Syarikat (AS) pada suku keempat tahun ini, kata Ketua Penyelidik FX, Standard Chartered Bank, Callum Henderson.
Henderson berkata, antara faktor yang akan menyumbang kepada peningkatan ringgit ialah pertumbuhan ekonomi Malaysia, diketuai eksport komoditi dan pertanian, penurunan dollar dan pertumbuhan sedarhana dalam sektor elektrik dan elektronik (E&E).
"Pada masa ini, kami positif terhadap ringgit. Pemulihan dalam ekonomi akan merangsang ringgit untuk mengukuhkan kedudukannya," katanya kepada pemberita selepas menyampaikan ceramah bertajuk "Mata wang Asia ketika pemulihan global" pada Taklimat Penyelidikan Global Standard Chartered Bank 2010, di sini hari ini.
Ringgit dibuka rendah pada 3.3440/3470 berbanding dollar hari ini berbanding 3.3350/3380 penutupan semalam.
Dua penceramah lain pada sesi itu ialah Ketua Ekonomi dan Ketua Kumpulan Penyelidikan Global Standard Chartered, Dr Gerard Lyons dan Ketua Penyelidik Serantau, Asia Tenggara, Cheung Tai Hui.
Ditanya sama ada perlu pakej rangsangan ketiga di Malaysia, Cheung berkata:
"Kita mungkin tidak perlukannya kerana pelbagai sebab.
"Jika anda melihat data ekonomi, Malaysia sudah mencatat pemulihan sejak suku ketiga dan keempat tahun lepas.
"Oleh itu, berdasarkan latar belakang ekonomi yang semakin baik, selain hasrat menyepadukan kedudukan fiskal, yang saya anggap perkara yang tepat dilakukan, pakej rangsangan tambahan tidak diperlukan.
"Mungkin ada perbincangan mengenai sama ada langkah-langkah yang diumumkan tahun lepas perlu dilanjutkan, sebagai contoh, jaminan kredit atau langkah perniagaan yang serupa. Saya berpendapat, perbelanjaan tambahan tidak perlu pada masa ini."
Kerajaan memperkenalkan dua pakej rangsangan berjumlah RM67 bilion setakat ini.
Pakej pertama, bernilai RM7 bilion, diperkenalkan pada November 2008 manakala yang kedua diumumkan pada Mac tahun lepas.
Cheung sebelum itu membentangkan kertas kerja bertajuk Ekonomi Asia memacu momentum sendiri. Lyons pula menyampaikan ceramah bertajuk Pasca krisis dunia: Implikasi ke atas Asia. - Bernama |
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Younger generation of M'sians not active in stock market. Why?
By TEE LIN SAY
KUALA LUMPUR: Bursa Malaysia needs to address the low retail participation among the younger generation in the stock market or risk losing out on a huge investor base, said CEO Datuk Yusli Mohamed Yusoff.
There is data to prove it. Based on a survey spearheaded by Bursa and conducted by Synovate Malaysia to understand the investing attitudes and perceptions of Malaysians, it was revealed to StarBiz that only 12% of investors represent the 20-29 age group, while 59% involve those 40 years and above.
In addition, those in the younger and older age groups make up merely 4% and a staggering 61% respectively of the total number of dealers in the market.
“We need to enhance our current business model. The younger generation will not wait for us. If we don’t capture them, they will invest in other products and other markets in the future,” said Yusli at Bursa’s industry leadership forum entitled Rethink Retail yesterday. With 67% of the Malaysian population aged below 25, Yusli said there was tremendous potential in attracting the younger segment.
Chief Executive Officer Bursa Malaysia, Datuk Yusli Mohamed Yusoff delivering his speech during 'Rethink Retail" forum at Bursa Malaysia. AZMAN GHANI/The Star
“We at Bursa are out of touch. If we don’t tap the right age group, we will be in trouble,” said chief operating officer Omar Merican. He highlighted that there was a generation gap between young potential investors and ageing investors and dealers and that half the population used the Internet to monitor share prices.
Yusli also said that one of Bursa’s main tasks in attracting investors was to convince them that it had good products to offer. “There are good companies listed on Bursa ... the only problem is convincing people on that,” he told StarBiz.
The survey also revealed that of an addressable market of 1.2 million, almost 50% of potential investors reject shares while 26% sit on the fence when it comes to shares.
“People are spending on property, cars and going for movies. We want to take some of that spend to the stock market,” said Yusli.
AirAsia X CEO Azran Osman Rani, who participated in the forum, said that wooing greater retail participation had less to do with infrastructure and more to do with content.
“You need to get people excited. If you get people excited, they will walk through cut glass to obtain it. In AirAsia X, we create the demand. Because of our cheap prices, customers fly to locations they had not initally planned on going.”
Synovate Malaysia research director Ben Llewellyn said many viewed investing in shares as requiring very high capital over a short investing period and also having a higher risk premium.
“People shy away from investing because they feel there is a high risk attached and they do not have enough money and don’t know how to invest. Clearly these reasons show a lack of knowledge and can be addressed by education,” he said. |
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Third stimulus package not needed, says Standard Chartered
By EUGENE MAHALINGAM
[email protected]
KUALA LUMPUR: Malaysia needs to move up the value chain if it wants to remain competitive against other Asian countries, says Standard Chartered Bank.
Regional head of research for South-East Asia Tai Hui said with Asia poised to lead the global economic recovery this year, Malaysia must do all it could to attract foreign direct investments (FDIs).
“We expect huge amounts of capital flows into Asia (this year) both in terms of direct and portfolio investments. The question is whether Malaysia is doing enough to attract FDIs?
“In reality, these investors are smart and they want to pick the best deal,” he told reporters after the 2010 Standard Chartered Bank Global Research Briefing yesterday. Tai also said Standard Chartered had forecast a 4.2% gross domestic product (GDP) growth for Malaysia in 2010.
“Agriculture and commodity-related exports will drive growth for Malaysia. We are more cautious on manufactured exports because competition from Asia is getting intense.
“Inflation rates should remain tame for 2010, depending on fuel and food prices,” he said, adding that Standard Chartered was also expecting a modest improvement in business spending and investments in Malaysia.
“However, if confidence returns sooner than we expect, then we could see a (GDP) growth higher than 5%. Consumption will be the bedrock of growth.”
Standard Chartered chief economist and group head of global research Gerard Lyons said the Malaysian economy was “heading in that direction.”
“If you look at the growth performance in the past five to six years, average (GDP) growth was between 4% and 5%, and that should be the perceived target in the medium term,” he said.
Tai also said Malaysia did not need a third stimulus package.
“Looking at the economic data, namely industrial production, export and domestic demand, Malaysia has been making a decent recovery since the ending of the third quarter and early fourth quarter,” he said.
He said a third fiscal stimulus was not necessary.
The Government introduced two stimulus packages totalling RM67bil last year, with the first package at RM7bil in November 2008 and the second worth RM60bil in March 2009.
Standard Chartered FX research head Callum Henderson said the ringgit was expected to surge to 3.15 against the US dollar in the fourth quarter of this year.
He said among the factors that would contribute to the appreciation of the ringgit was the growth of the Malaysian economy, a depreciation of the US dollar and moderate growth in the electronics and electrical sector |
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12/1/2010 PUBLIC ISLAMIC EQUITY FUND PIEF 0.3149 -0.0001 -0.03%
12/1/2010 PUBLIC ISLAMIC SECTOR SELECT FUND PISSF 0.2394 0.0003 0.13%
nampaknya PISSF makin kuat, (klci drop) |
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ramai otai UTC dah tak lepak sini ka...Humaidi, Jel, Ahmad79...semua pakat main facebook ka le ning |
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ramai otai UTC dah tak lepak sini ka...Humaidi, Jel, Ahmad79...semua pakat main facebook ka le ning
tam99 Post at 13-1-2010 09:29 
mu balik awal sangat nape tam..kita org bersidang meja 4 segi lps class malam tadi...
btw, humaidi dah hilang 2-3 minggu, ofis jel block cari dgn fb..dia sibuk kerja dan init trust skrg. |
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ramai otai UTC dah tak lepak sini ka...Humaidi, Jel, Ahmad79...semua pakat main facebook ka le ning
tam99 Post at 13-1-2010 09:29 
deme tak nak sebut nama kawan ker bro Tam.. |
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deme tak nak sebut nama kawan ker bro Tam..
AwangAli Post at 14-1-2010 14:23
awang, mu ni masih consultant unit trust ke...?
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Saham dijangka meningkat
KUALA LUMPUR 17 Jan. - Harga-harga saham di Bursa Malaysia dijangka bergerak lebih tinggi dalam rali sebelum Tahun Baru Cina, kata penganalisis.
Ketua Penyelidik Runcit Maybank Investment Bank, Lee Cheng Hooi berkata, pasaran bakal memperlihatkan kitaran dagangan yang berterusan untuk tempoh dua hingga tiga minggu yang akan datang dalam semua sektor saham-saham bermodal besar dan kecil.
Momentum belian yang kukuh, katanya akan menolak Indeks Komposit FBM Kuala Lumpur (FBM KLCI) ke paras ketahanan 1,305 dalam tempoh terdekat selepas melepasi paras 1,300 pada Jumaat.
"Bagaimanapun aktiviti pengambilan untung akan menyekat indeks daripada terus meningkat," katanya.
Penganalisis Teknikal MIMB Investment Bank, Mohd Nazri Khan berkata, sentimen pasaran akan terus rancak dalam separuh pertama 2010 apabila pakej rangsangan kerajaan mula dirasai dalam ekonomi negara.
Beliau berkata, pakej rangsangan ekonomi yang besar oleh semua negara bagi menangani kesan kelembapan dunia juga merangsang minat pelabur tempatan dan asing dalam pasaran saham.
"Pakej-pakej rangsangan akan membantu sentimen pasaran, bukan sahaja dalam FBM KLCI, malah dalam pasaran global," katanya.
Ketua Penyelidik Jupiter Securities Sdn Bhd, Pong Teng Siew berkata, indeks akan terus mencatatkan aliran harga meningkat, namun perlahan-lahan sehingga Februari.
Beliau berkata, pelabur yakin sentimen pasaran akan terus meningkat dan kebanyakan mereka menunggu keputusan kewangan Public Bank dan pengumuman model ekonomi baharu yang merupakan asas dan arah tuju ekonomi negara untuk masa depan.
"FBM KLCI akan diniagakan dalam aliran harga meningkat memandangkan terdapat banyak mudah tunai yang akan merancakkan pasaran," katanya.
Bagi minggu yang baru berakhir, FBM KLCI menokok 5.6 mata untuk mengakhiri minggu ini pada 1,298.58.
Indeks Kewangan meningkat 90.55 kepada 11,330.05, Indeks Perladangan susut 24.62 mata kepada 6,515.04 dan Indeks Perusahaan menambah 24.27 mata kepada 2,716.73.
Indeks FBM Emas menokok 75.92 mata kepada 8,771.56, Indeks FBM Top 100 meningkat 46.74 mata kepada 8,512.7, Indeks FBM70 melonjak 86.85 mata kepada 8,612.86 dan Indeks FBM ACE meningkat 140.63 mata kepada 4,588.94.
Jumlah dagangan meningkat kepada 8.014 bilion saham bernilai RM9.018 bilion berbanding 6.161 bilion saham bernilai RM7.966 bilion.
Jumlah dagangan di Pasaran Utama meningkat kepada 6.964 bilion unit bernilai RM8.733 bilion berbanding 5.945 bilion unit bernilai RM7.706 bilion.
Jumlah dagangan bagi waran berkurangan kepada 151.238 juta unit bernilai RM27.737 juta berbanding 283.166 juta unit bernilai RM52.822 juta.
Jumlah dagangan di Pasaran ACE Market meningkat kepada 781.886 juta unit bernilai RM213.769 juta berbanding 736.040 juta bernilai RM171.304 juta. - Bernama |
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SHANGHAI: Shanghai's stock market is set for major changes in 2010 that could help close the gap with London and New York as the Chinese city strives to become a global financial centre, analysts say.
China began the year with a strong signal that it is serious about its goal of turning Shanghai into a leading finance hub by 2020, approving a raft of measures that give investors more sophisticated investment options.
Previously, mainland investors were only able to bet on stocks going up, but the State Council, or Cabinet, has approved trials of short-selling and margin trading that would allow investors to profit from falling markets as well.
"The ultimate introduction of the new investment options is, without doubt, a revolutionary move for China's capital markets," said Zhang Jian, a Beijing-based analyst with BOC International, Bank of China's brokerage unit.
Margin trading allows investors to borrow money from financial institutions to buy shares they expect to rise.
If the share price goes up, they can easily pay back the borrowed money. If the price goes down, investors must still pay back the full amount borrowed.
Short-selling allows investors to sell borrowed shares when they expect the price to decline. If the price falls, they can buy the shares at the lower price and return them to the lender.
"It opens a new chapter for China's domestic equity market. With these new rules, the A-share market will no longer be a 'one-way street,' as shorting and hedging become possible," Deutsche Bank economist Jun Ma wrote in a note.
"It is a major step towards the internationalisation of the Chinese market," he added.
The central government has also approved a stock index futures market that will also give investors opportunities to profit when the market falls and help them hedge risks.
Preparations for the index futures market began years ago, with mock trading already running for three years. Margin and short trading systems tests began in late 2008.
Now that Beijing has given the green light, the new trading options could begin within three months, analysts said. - AFP |
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dah lepas....1300.......
susah betolla..nak pecah ni..
...............................................
FBM KLCI finishes above 1,300 points
By IZWAN IDRIS
[email protected]
PETALING JAYA: The local benchmark stock index yesterday closed above 1,300 points for the first time since May 2008, shored up by high expectations that Public Bank Bhd’s final-quarter earnings would be good.
The country’s third biggest bank by market value is scheduled to release today its results for the year ended Dec 31, 2009.
Shares in Public Bank added 20 sen, or 1.7%, yesterday to a new high of RM12.04, as the stock extended its unbeaten run to a fourth day in a row.
The bank’s share price advance helped the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) close up 2.36 points, or 0.18%, at 1,300.35 points yesterday.
The FBM KLCI first breached the 1,300-point level last Friday, a week after it reached 1,299 points on Jan 7. Dealers said the index had stayed within a narrow 15-point range for at least the past 10 trading days.
“Risk appetite is still there but the market appears a bit weary,’’ MIDF Research head Zulkifli Hamzah said.
He noted that the overall market volume was healthy with 1.27 billion shares worth RM1.45bil transacted yesterday, as lower liners continued to garner strong trading interest.
Shares on Bursa Malaysia had a strong start to 2010, with the FBM KLCI rising 2.17% year-to-date. The measure for small-cap stocks surged 10% to outperform the 30-strong benchmark index by a wide margin.
In the currency market, the ringgit was last traded at 3.339 against the US dollar.
The local unit had strengthened 2.6% against the greenback since the start of the year. The last time it was traded below 3.33 against the dollar was in third quarter of 2008.
An analyst at a foreign brokerage said yesterday that the prospect of a stronger ringgit this year would continue to keep local stock prices buoyant.
Meanwhile, the main bourses around the region were mixed yesterday. Hong Kong’s Hang Seng Index led risers yesterday with a 1% gain, followed by Jakarta Composite Index’s 0.9% advance. Stocks, however, fell by at least 1% in Taiwan, Thailand and Australia. |
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Ekonomi tumbuh lebih tinggi - Deutsche Bank
KUALA LUMPUR 20 Jan. - Ekonomi Malaysia diunjur mencatatkan pertumbuhan yang lebih teguh, melepasi sasaran kepada 5.5 peratus pada tahun ini.
Jangkaan itu adalah lebih tinggi berbanding unjuran peribadi yang dibuat oleh Perdana Menteri, Datuk Seri Najib Tun Razak sebanyak lima peratus dan kerajaan 3.5 peratus.
Pengarah Urusan dan Ketua Penyelidikan Pasaran-Pasaran Global Asia Pasifik Kumpulan Deutsche Bank, Dr. Michael Spencer berkata, pertumbuhan itu dirangsang kukuh oleh perbelanjaan sebanyak 3.3 kepada Keluaran Dalam Negara Kasar (KDNK).
Katanya, pada 2011, sumbangan perbelanjaan swasta dijangka meningkat sebanyak empat peratus.
''Perbelanjaan domestik bakal menjadi penyumbang (pada masa depan), bagaimanapun, pada masa ini eksport kekal sebagai penyumbang utama kepada ekonomi dengan diunjurkan berkembang lapan peratus pada 2010,'' katanya.
Beliau berkata demikian pada taklimat media mengenai Tinjauan Ekonomi Malaysia 2010 di sini hari ini.
Dalam pada itu, Spencer turut meramalkan Bank Negara Malaysia (BNM) akan meningkatkan Kadar Dasar Semalaman (OPR) kepada 50 mata asas pada separuh kedua tahun ini dan 100 mata asas lagi pada 2011.
''(Mungkin) kenaikan pertama dilakukan seawal pada bulan Julai ini,'' katanya.
Ramalan itu dibuat dengan mengambil kira kedudukan inflasi sudah berada di tahap normal, iaitu dua peratus di Malaysia.
Spencer berkata, kebanyakan bank pusat Asia akan meningkatkan kadar faedah sebelum bank pusat Amerika Syarikat (AS) dan Eropah menaikkan OPR pada suku ketiga tahun ini.
''Kami menjangka AS akan menaikkan kadar purata kepada 90 mata asas dengan jangkaan kenaikan inflasi sebanyak 1.6 peratus antara November 2009 dan Disember 2010,'' katanya.
Beliau tidak menolak India, China dan Filipina akan menjadi negara pertama menaikkan kadar faedah.
Menurut beliau, lonjakan dalam inflasi harga minyak dijangka berakhir pada pertengahan tahun dan kenaikan harga makanan dijangka menyebabkan kadar inflasi di Asia naik kepada 3.6 peratus pada tahun ini berbanding 1.2 peratus pada tahun lalu.
''Polisi monetari yang dilaksanakan semasa kemelesetan ekonomi, menyebabkan kadar inflasi merudum tetapi dijangka berubah tidak lama lagi,'' ujar beliau.
Beliau turut mengunjurkan ringgit akan mengukuh kepada RM3.20 berbanding dolar AS disebabkan sokongan daripada aliran masuk modal ke dalam negara. |
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China Accelerates to 10.7% Growth Pace as Bubble Dangers Loom
Share Business ExchangeTwitterFacebook| Email | Print | A A A By Bloomberg News
Jan. 21 (Bloomberg) -- China’s economic growth accelerated to the fastest pace since 2007 in the fourth quarter, capping Premier Wen Jiabao’s success in shielding the nation from the global recession.
Gross domestic product rose 10.7 percent from the same period a year ago, more than the median forecast of 10.5 percent in a Bloomberg News survey, a statistics bureau report showed in Beijing today.
The focus for China’s policy makers has now shifted to restraining the inflationary pressures that stem from their success in spurring a rebound. Stocks dropped from Shanghai to New York yesterday on concern that a crackdown on lending and efforts to raise borrowing costs will slow the world’s fastest- growing major economy.
“Policy makers have to weigh the need to curb inflation and the necessity of maintaining stimulus to ensure a smooth recovery,” Xing Ziqiang, an economist at China International Capital Corp. in Beijing, said before the release. “Tightening too early or too aggressively may lead to a drastic slowdown in the second half of this year.”
Wen this week indicated that he’s putting more emphasis on monthly data than year-on-year figures exaggerated by the slowdown from late 2008.
The economy’s third straight quarterly acceleration highlights the risk that inflation may surge and asset bubbles form after monetary policy committee member Fan Gang said in November that growth of more than 10 percent is excessive.
Inflation Accelerates
Consumer prices rose 1.9 percent in December from a year earlier, today’s data showed, after a 0.6 percent gain in November. Producer prices climbed 1.7 percent, after declining for the previous 12 months.
Banking regulator Liu Mingkang confirmed yesterday that lending limits exist for some banks and said credit growth will slow this year.
Fourth-quarter economic growth quickened from 8.9 percent in the previous three months, driven by an unprecedented $586 billion stimulus package, subsidies for consumer purchases and a credit-fueled investment boom. The property market has rebounded and a 13-month slump in exports ended last month.
Industrial production grew 18.5 percent in December from a year earlier and retail sales climbed 17.5 percent, the statistics bureau said today. Urban fixed-asset investment jumped 30.5 percent in 2009, the release showed.
Growth Engine
The world may again this year count on China as the biggest engine of growth, with the International Monetary Fund projecting it to expand 9 percent, compared with 1.3 percent for advanced economies. Mining company Rio Tinto Group reported a 49 percent jump in fourth-quarter iron ore output on China’s demand, while companies ranging from Ford Motor Co. and Volkswagen AG to Hong Kong billionaire Cheng Yu-tung’sNew World Department Store China Ltd. are expanding in the nation.
After last year overtaking the U.S. as the biggest auto market and Germany as the biggest exporter, China is poised to supplant Japan in 2010 as the second-biggest economy. According to Wen, policy makers’ key tasks this year include managing credit growth, controlling inflation and countering property speculation.
Those objectives may be made more difficult by so-called hot money pouring into the nation from investors betting on the nation’s recovery and gains in the yuan, which has been held at about 6.83 per dollar since July 2008 to help exporters. As much as $30 billion a month of speculative capital may flow in during the first half of this year, according to Bank of America- Merrill Lynch.
Liu, the banking regulator, said yesterday in Hong Kong that banks will extend 7.5 trillion yuan ($1.1 trillion) of loans this year, about 22 percent less than last year’s unprecedented 9.59 trillion yuan. The central bank this month ordered lenders to set aside a larger proportion of deposits as reserves and guided bill yields higher at auctions after 2010 began with a surge in lending.
The government’s 2009 growth target was 8 percent. In 2008, GDP rose 9.6 percent. |
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OSK-UOB: FBM KLCI may rise by 15pc this year
Published: 2010/01/22
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OSK-UOB Unit Trust Management says While it believes that the market is set to become more volatile, the benchmark index is still on the uptrend
OSK-UOB Unit Trust Management Bhd said the stock market's benchmark index could still rise by another 15 per cent this year, enhanced by government spending under its stimulus plan.
"The rise in KLCI has been relatively gradual. While we believe that market is set to become more volatile, KLCI is still on the uptrend," said OSK-UOB Unit Trust Management chief executive officer Ho Seng Yee.
The FBM KLCI rose 45 per cent in 2009 as investors bet the economy would recover this year.
"Oil and gas sector should continue to see more robust activities as crude oil prices remain buoyant. Bank Negara Malaysia has kept interest rates low and this has resulted in resilient consumer spending.
"We expect domestic spending to continue contributing to our economy," he told reporters after the launch of the OSK-UOB Asia Consumer Fund in Kuala Lumpur yesterday. |
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Category: Belia & Informasi
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Post time 13-1-2010 09:29 AM
