Market Watch

Vincent Khoo, Head of UOB Kay Hian Research talks about whether it's safe to buy Muhibbah Engineering. Muhibbah Engineering's shares recovered last Friday after telling Bursa Malaysia there were reasonable grounds to hold that the receivables from Asia Petroleum Hub (APH) were recoverable in due course. The shares fell 20% to RM1.52 on Thursday after news that APH, a big client, was in receivershi...

Dodge O Dorland, Chairman and CIO of Landor & Fuest Capital Managers in New York talked about: - whether the recent soft patch for the global economy a temporary setback or a sign of a new trend - whether he agrees with former Fed Chairman Alan Greenspan that all we need is the return of the confidence fairy - concrete, achievable ways to restore confidence - Greenspan thinks a Greek default i...

Phillip Futures commodity analyst Ong Yi Ling in Singapore tells us whether the price of the precious metal really hit $5,000 an ounce though, quadruple the current price. It’s been said that gold could hit a whopping $5,000 an ounce as more central banks become net buyers of gold - currently central banks hold 11% of their reserves in gold, while china has only 1.6% of its reserves in gold....

Tim Mulholland, MD at China-America Capital Company in Chicago talked about: GREECE - whether the reform programme is crushing the economy - possible paths to a rescue (Germany and ECB disagree, while IMF won't be able to tap the markets in 2012) - what happens if Spain gets swept into the crisis - how investors should leverage on a Greek 'accident scenario'   US - economic data - housing sta...

UOB Kay Hian Research Analyst Sylvia Wong Hong Kong says a sharp fall in the property market would be hard to predict, possible triggers would be imported. She tells us why she would prefer HK landlords and would avoid stocks of HK developers for now. She names a few of her favourite counters amongst mainland developers: big caps and potential dark horses amongst smaller ones.  Standard &...

Ben LeBrun, Market Analyst and Commentator at CMC Markets in Sydney talked about - disappointing data from States: May industrial production was weaker-than-expected while core consumer price figures signaled the biggest rise in nearly three years - BNP Paribas, Societe Generale and Credit Agricole may have their credit ratings cut by Moody's due to their investments in Greece - S&P revising i...

ACE-Market listed XOX Bhd has been making headlines for all the wrong reasons. Its share price tanked 35% on Gong Day - opened at 73 sen (issue price was 80 sen). Price hit a low of 45 sen on 13 June. XOX Bhd MD and CEO Ng Kok Heng tells us what's going on.   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 spoke about - Greece: what compromises need to be made for the euro-area finance ministers to agree on a bailout model, whether Greece will be ejected from the Euro - Gold: why he won't be adding it to his portfolio, but he likes precious metals, such as silver and rare earth. hang on to g...

TA Research Head Kaladher Govindan comments on ETP  projects announced yesterday worth RM2.8 billion. - Long run, positive for the economy, ETP stuff to improve demand - Agrees with PM's GDP growth estimate of 6% this year though other economists are having doubts about GDP figures, anticipating 5.5%. - Of all the projects announced, he tells us why he likes refinery and petrochemical integra...

Malcolm Polley, President and CIO of Stewart Capital Advisors in Indiana talks about Nouriel Roubini's prediction that a perfect storm will stunt growth from 2013. Malcolm still keen on China story, but invest in companies which benefit from growth in China, ie not necessarily investing in China directly. He also explained why he won't be buying the yuan, though he believes it's undervalued. ...

Next View Sdn Bhd Chief Market Strategist Benny Lee on - when he expects a recovery in plantation counters, which were weight down by May palm oil stocks rising to their highest in 16 months - RHB Bank, Alliance Financial Group - best course of action as per his charts - why Ranhill and Yinson Holdings are his top picks for this week    - Ranhill - price sliding since hitting 81.5 sen on...

Dodge O Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers talked about - whether US markets would see a 7th week of losses approaching this week, and whether the US is likely to continue printing money. - Jim Rogers' prediction of an approaching financial crisis - it could happen, considering he's made good calls on commodities and macroeconomics - data-heavy we...

Rahul Bajoria, Barclays Capital Regional Economist in Singapore talked about how Malaysia's production output compares with its regional peers, what it means for Q3 and impact on his GDP forecast - not significantly affected, modest downside risks. GDP estimates for 2011 at 5.5% and 2012 at 6%. Production output in April fell 2.2% year-on-year and was lower 7.6% month-on-month, suggested a soft pa...

Ker Chung Yang, Commodity Analyst with Phillip Futures in Singapore told us why he has conservative estimates of 1.67 million tonnes for MPOB data out this week, and reasons for his optimism on palm oil export numbers from June 1-10. He also talked about his prediction for the US Department of Agriculture's June supply-demand report and the likelihood of interest rate hikes in China. Watch for Chi...

Ben LeBrun, Market Analyst and Commentator at CMC Markets in Sydney talked about - RBA holding key rate at 4.75%- hopes rate stays the same in July. only mining sector performing well. - OPEC keeping production quotas unchanged as couldn't decide. he expects oil price on either side of $100 a barrel. - whether commodities have peaked for now - looking at rare earths- might have missed the boat. ha...

Aberdeen Asset Management Asia Strategist Peter Elston in Singapore talked about the China market for luxury goods sales, Prada and Samsonite's valuations and why he prefers Prada. Italian fashion house Prada is pricing its IPO in Hong Kong to raise up to $2.6 billion, while Samsonite International's IPO is valued at $1.5 billion. Samsonite's gong day is on June 16 while Prada is on June 24. See o...

Dr Michael A Yoshikami, President and Chief Investment Strategist at YCMNET Advisors in San Francisco, California, talked about - the proposal at the Basel Committee to increase capital requirements - Bernanke saying the Fed should maintain record monetary stimulus to boost an "uneven" and "frustratingly slow" economic recovery - its impact on the dollar - where US markets are headed - ECB Trichet...

CIMB Head of Regional Rates and FX Strategy Suresh Ramanathan sees the Ringgit steady at 3.01 against the dollar, will be looking out for US FOMC meetings on 22nd June and August 9th. He is optimistic about the US economy though despite weak numbers as a lot of quantitative easing has been done, and results are starting to show. He won't be buying Aussie Dollar ahead of an RBA meeting today though...

Malcolm E Polley, who oversees $1 billion as Chief Investment Officer of Stewart Capital Advisors in Indiana, Pennslyvania talked about why he wouldn't put money in the UK and EU. He also talked about Apple's iCloud, Groupon's IPO, when he expects the market to pick up and whether investors should take cash off the table. See omnystudio.com/listener for privacy information.

Dodge O Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers in New York talks about - what's ahead for the Dow Jones Industrial Average, - who is reporting organic revenue growth, - buying opportunities on DJIA and S&P 500, - Ben Bernanke's speech this afternoon on the health of the economy, OPEC meeting, international trade data and jobless claims coming out...

Tim Mulholland of China-America Capital Company is pessimistic about US economic data, says that non-farm payroll numbers are likely to be on the low end of expectations (125,000 jobs created in May), and that there could be a QEIII and warns that a financial crisis is looming unless there are drastic measures to create jobs. See omnystudio.com/listener for privacy information.

Ben LeBrun at CMC Markets Sydney hopes the worst is over for Australia as it suffered a negative growth of 1.2% in the March quarter or else it will fall into a technical recession. The RBA is expected to hold off increasing interest rate. Australian banks remain under selling pressure and his top pick is ANZ for its regional exposure. See omnystudio.com/listener for privacy information.

Maybank IB Research Analyst Mohshin Aziz thinks that Malaysia Airports Holdings' hitting a 12 month high of RM7.02 yesterday was largely due to its inclusion in the MSCI Index effective today. He tells us why it is still a good time to get into the stock, despite worries all around the world. He ends with his view on KLIA Aeropolis. Maintain BUY on MAHB at RM7.12. MAHB reported net profit for Q1 e...

Dr Michael A Yoshikami, President and Chief Investment Strategist at YCMNET Advisors in San Francisco thinks that though new aid for Greece is on the horizon, Ireland and Portugal are not likely to be in for debt restructuring. He agrees with Blackrock CEO Laurence Fink's assessment that the banking system in Europe needs restructuring before any country is restructured. He also talked about the d...

TA Research Analyst James Ratnam, talked about the implication of electricity hike and gas prices on Tenaga Nasional Berhad's (TNB) earnings. TNB will raise electricity prices by 2.23 sen per kilo watt or 7.12% of the current tariff, starting June 1st 2011. Petronas will raise gas prices for pwoer producers to RM13.70 per million British thermal units from RM10.70. No impact on Independent Power P...