Market Watch

Though MISC’s Q2 profit dipped 20% to RM300.9m, its net profit for the first six months of the year at RM601.3m was better than the net loss of RM89.7m in the previous year.  Wong Chew Hann, Head of Research at Maybank Investment  Bank talks about her response to the results as well as the following areas:  - segment that has performed the best - outlook for shipping market -...

Dodge O. Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers in New York -General Motors - US Govt selling and Berkshire and others buying. State of US Auto sector - 10-year US Treasuries at 2-year high but weak results from bellweather Cisco and Walmart - Tapering effects on Emerging Market currencies - Denver Gold Forum and gold price   See omnystudio.com/l...

Kaladher Govindan, Head of TA Research talks about:  - SGD/MYR  at 2.58 - the most since 1997 - making Iskandar investments even more affordable for Singaporean investors...developers who stand to benefit the most?  - are worries about property bubble in Iskandar well-founded? Prices in Iskandar have double or even tripled in the past two to three years.  - other beneficiaries...

Ong Seng Yeow, Research Director at Maybank Kim Eng, Singapore talks about:  - Developed Markets' inflows continue to trump Emerging Markets… turning point to bring investors back to emerging mkts? - As foreign investors are selling EM… isn’t this time to buy? Or still too early to pile in?  - The IT sector constituted the bulk of EM outflows last week (22%) – w...

MMHE's Q2 results were somewhat disappointing, with net profit falling 14% to RM48m.  Arhnue Tan, Analyst at Alliance Research tells us about the atmosphere at yesterday's fund managers' briefing as well as the following: - update on Malikai TLP, the first such floating solution to be deployed in Malaysia - details of RM4.5bn new projects that MMHE is bidding for  - how MMHE could best u...

Jigar Shah, Head of Research at Maybank Kim Eng, India talks about:  - hits and misses this earnings season - whether iron ore producers in India could benefit from iron ore prices running - similarities with Brazil and Turkey, potential for civil protests in India - likelihood of civil protests disrupting economic activity - sectors that could benefit from the falling rupee - recommendation...

On International Market Watch Dr. Michael A. Yoshikami, Founder and CEO of Destination Wealth Management in San Francisco discusses: - rising confidence leading to rising valuations - not a confidence driven bull run - correction possible but no significant pull back - new Fed president could pose a risk to market depending on who is appointed - BOE and forward guidance - Europe not out of the woo...

We feature Sona Petroleum's and Supermax's warrants in this week's edition of Wednesday Warrants.  See omnystudio.com/listener for privacy information.

Lee Cheng Hooi, Head of Retail Research at Maybank Investment Bank talks about where the KLCI is headed and the science behind three technical buys: Protasco, Supermax and Datasonic.    BFM's Khoo Hsien Chun speaks with him.  See omnystudio.com/listener for privacy information.

Benjamin Oh, Investment Analyst at Maybank Kim Eng, Singapore talks about: - whether he's more optimistic about Singapore's economy, after surge in S'pore's 2Q GDP - Singapore’s corporate results round-up so far, main disappointments and surprise hits  - recommended  counters    BFM's Khoo Hsien Chun speaks with him.  See omnystudio.com/listener for privacy informati...

Hamish Pepper, Currency Strategist at Barclays Capital, Singapore discusses:  - Japan GDP for Q2 missed growth forecast - could bad news be good news for yen after all? - estimates for US data this week: retail sales, industrial production, housing starts and anticipated impact on the dollar?  - India IP data out yesterday, with CPI as well, wholesale prices later in the week. Overall ex...

Joe Quinlan, MD and Chief Market Strategist at US Trust-Bank of America Private Wealth Management in New York - whether Developed Markets bull run still has legs after hitting new highs - is it the right time to go into Emerging Markets? - is there a calm before a storm in the Eurozone? - technology sector See omnystudio.com/listener for privacy information.

Ong Chee Ting, analyst at Maybank Investment Bank talks about TSH Resources: * main pushback from investors in HK on the company? * interest in the sector appears to have died down given the slump in CPO prices…          - any indication in HK that it has picked up at all?          - catalysts for the CPO price? * Hold rating on TSH, so...

Dodge O. Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers in New York discusses: - S&P500 valuations hitting a 3-year high of about 15x.  - The recent announced merger between the Omnicom and Publicis Group advertising conglomerates - impact on ad industry   - Investigation into JP Morgan and BoA for sub-prime related offences - 75% of S&P com...

Dr. Michael A. Yoshikami, Founder and CEO of Destination Wealth Management in San Francisco, California, discusses the following questions:  - Manufacturing activity in the BRIC nations have fallen to a new post-financial crisis low in July - clearly, these markets are not yet feeling a lift from stabilizing demand in developed economies of the U.S., Europe and Japan. What will be needed for...

Suhaimi Ilias, Chief Economist at Maybank Investment Bank discusses: - whether Malaysia's high debt levels be in focus for the rest of the year - whether there will be any major announcements in the budget in October - Malaysia's recovery fuelled by exports? - whether a weak ringgit is good for Malaysia See omnystudio.com/listener for privacy information.

Joe Quinlan, MD and Chief Market Strategist at US Trust-Bank of America Private Wealth Management in New York, discusses the following questions:  - The westwards flow of money continues: U.S. equity funds saw a record inflow of $40.3 billion in July, as the S&P 500 and Dow Jones Industrial Average scale new heights. Earnings valuations and / or "Invincible summer" aside, do you expe...

On International Market Watch today   Dodge O. Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers in New York discusses: - impact of lower than expected July job numbers - inflation target - investors and traders differing approach for August - historical correlation between government bond yields and nominal GDP - why the lack of market response to LDP's Up...

Desmond Chng of Maybank Investment Bank discusses BIMB's  proposal to acquire the remaining 49% stake in Bank Islam from Dubai Financial Group. He talks about: --  the potential impact to financials --  price comparison with other banking M&As -- the impact of full warrant dilution -- the marginally raised target price --  what investors should do BFM's Melisa Idris speaks...

On International Market Watch today Tim Mulholland,  Managing Partner of China-America Capital Company in Chicago discusses: - expectations for Chinese Q2 earnings season - can lower GDP growth sustain profitability growth for corporates in China - attractive "buy" sectors in China now - China's PMI still showing growth despite trading partners contracting - change in methodology of calculati...

Chai Li Shin, analyst at Maybank Investment Bank about IJM Corp: - impact of recent downgrade by Fitch Ratings, fiscal consolidation and budgetary reform? and from rm weakness.  - Rapid’s being delayed to 2017 - Dialog shares declined on that news, but IJM’s projects are more spread out. Impact from delay?  - implications for  IJM: Zelan planning to sell its 4% stake in...

Lee Chen Hoay, Investment Analyst of Phillip Futures, Singapore talks about the recent Fitch's rating downgrade of Malaysia. He also discusses:  - whether S&P and Moody’s would follow suit - fiscal consolidation and budgetary reform required, says Fitch for outlook to be revised back to stable - we have UMNO general assembly, Budget 2014 in October - reform likely?  - yen perce...

Maria Lapiz, Co-Head of Research, Maybank Kim Eng Thailand talks about: - political concerns hovering ahead of a parliamentary session next week. A number of key bills related to investment and political issues - which ones watching most closely, and hoped for outcome. - SET reaction to outcome of FOMC meeting, if any. - caution prevailing in the meantime? - oil leak from PTT Global Chemical&rsquo...

On International Market Watch today  Ben LeBrun, Market Analyst at Options Express in Sydney discusses: - the sweet spot for the AUD - interest rate cuts - impact of China's slowing economy on the man on the street - RBA's loose monetary policy - effect on BHP's plans for the potash sector following Uralkali's exit from the potash cartel See omnystudio.com/listener for privacy information.

We talk about Sona Petroleum and Maybulk warrants in this week's episode.  See omnystudio.com/listener for privacy information.