Market Watch

Michael Yoshi-kami, Chief Investment Strategist at YCM Net Advisors, talks about whether he thinks the huge rally in gold would continue or if it's the next Dutch tulip, discusses the risk aversion facing currencies and markets currently and talk of a new global currencies deal, focuses on company-specific issues like concerns centreing on Citigroup's risk management strategies, the adoption rate...

Malcolm Polley, Stewart Capital Advisors, expects the market will retreat this week due to the flow of negative news - Swiss bank rules, earnings downgrade and potentially weak data on non-farm payroll employement on Friday. For the third quarter season, there would be positive results for industrial, materials and pharmaceuticals due to their inherently stable cost structure.&...

Dodge Dorland, CIO at Landor Capital New York, gives his market outlook for this week and October. See omnystudio.com/listener for privacy information.

Tim Mulholland of China-America Capital Company says there's still market strength in the short-term but not long-term on the back of news that the Federal Reserve will buy more Treasuries. He believes the Bush tax cuts would be renewed and it's possible that the Republicans will win big in the upcoming mid-term elections and there could be a gridlock in the Senate. See omnystudio.com/listene...

US-based Levitt Capital Management LLC Chief Investment Officer and founder Robert Levitt gave his views on the Economic Transformation Programme and Malaysia. He explained why he likes the glovemaker industry (Supermax,Top Glove, Hartalega, Latexx), aviation (MAHB, Air Asia, MAS) and consumer sector (Parkson) and not plantation stocks. He wondered aloud why the government hospitals don't buy glov...

David Taylor at CMC Markets Sydney thinks there's more room for the Australian dollar to rise further and likewise gold prices. He estimates that gold may hit a further new high of $1,450/oz. On weaker housing data on new home sales and sales volume, he believes there is still a shortage in the housing market. See omnystudio.com/listener for privacy information.

Michael Yoshikami, President and Chief Investment Strategist at YCM Net Advisors in US, expects GDP data to show some recovery but it'll be a muted one against the backdrop of a weak global recovery. Having said that an uptrend in manufacturing data is still expected for August. The closure of banks in US is a reflection of the weak property market, and small businesses are having difficulties get...

Malcolm Polley, CIO of Stewart Capital Advisors, discusses the possibility that that tens of thousands of people will lose their jobs within weeks as stimulus money finally winds down, Japan's plans to launch a $55bn stimulus package, that the is said to be alone in wanting to make China’s currency a major issue at the next G20 summit and assertions that China is undermining its neighbors, t...

Vincent Chin, Managing Director of The Boston Consulting Group Malaysia, gives us insights into the workings of the Pemandu labs and what would make execution successful. See omnystudio.com/listener for privacy information.

David Taylor, Market Analyst at CMC Markets, believes the rise in gold prices is speculative and would see resistance at $1,450/ounce. The decline in the greenback as a result of FOMC's announcement would impact US-dollar revenue earned by mining companies and therefore offset gains from gold price increases. The Reserve Bank of Australia is expected to raise interest rate by 1...

Michael Yoshikami, founder, president, and Chief Investment Strategist at YCMNET Advisors, talks about forecasts by the International Air Transport Association (IATA) for a bumper year ahead for airlines, how the U.S. has fallen behind emerging markets in Brazil, China and India as the preferred place to invest, news that the US economy has lost more jobs than it has added since the recovery began...

Standard & Poor Analyst Alexander Chia talked about his first reaction to the Entry Point Projects (EPP's) and National Key Economic Areas (NKEA's).Overall, he commended Pemandu on a job well done. Pemandu unveiled more details to its Economic Transformation Program (ETP) at NEM's Open Day yesterday. He gave his views on infrastructure plans - KL MRT - and Malaysia's first nuclear power plant....

TA Research Head Kaladher Govindan talked about his hopes for the Economic Transformation Programme (ETP). Pemandu will be unveiling more details about the ETP today at its Open Day. Private sector engagement is vital for ETP's success. There are parties interested in four-star and five-star projects, while 7 entry point projects have readily interested investors.  He also talked about his ou...

Malcolm E Polley of Stewart Capital Advisors does not expect FOMC will announce more quantitative easing because it has limited room to do so, and does not expect housing data will exceed expectations (existing and new home sales and housing starts), and says there is a good chance the market will see a pullback after rising for about three weeks. See omnystudio.com/listener for privacy informatio...

Maybank Investment Bank Chief Economist Suhaimi Ilias spoke about his expectations for the Economic Transformation Programme (ETP). Pemandu will be providing more details on the ETP and National Key Economic Areas (NKEA) tomorrow ie Tuesday, Sept 21st at its Open Day. He expects ETP to be about implementation and execution to meet the target of being a high-income nation come 2020. He noted that p...

TA Research Analyst Wong Li Hsia talked about the implications of the rise in rubber production figures for July. Natural rubber production rose by 14.6% to 81,083 tonnes in July compared with June, according to the Statistics Department. She remains overweight on the rubber glove sector.   See omnystudio.com/listener for privacy information.

Robert Levitt, Founder and CIO at Levitt Capital Management, is bearish on US markets and is adding Southeast Asian stocks, in particular Indonesian stocks. He points out that small caps have done well and is bullish on consumer stocks. In Malaysia, he is bullish on airline stocks and the glove sector. As for the plantation sector, he says it may be better to buy CPO futures rather than plantation...

Malcolm E Polley of Stewart Capital says banks in US would not be significantly impacted by Basel III as they are already well-capitalised and the recent announcement on the ratios removes uncertainties. Consumer spending is still lagging and he believes consumer sentiment would remain directionless for now. See omnystudio.com/listener for privacy information.

OSK Research Head Chris Eng gave his views on renewable energy in Malaysia and weighed the pro's and con's of biomass versus solar. He also commented on who stands to win the most in the move towards renewable energy. Tenaga Nasional Bhd ie TNB recently announced that they have signed three sets of separate renewable energy power purchase agreements (REPPA). See omnystudio.com/listener for privacy...

David Taylor of CMC Markets says the market is not expected to remain cautious now that the Labour Party has taken over the government. Investors are more concerned about economic data from the US and problems of the European banks yesterday. It's not confirmed if the mining tax will proceed given that Labour is the minority government. If it goes through, Fortescue Metals, the iron ore miner, is...

Maybank Research Khair Mirza gave his views on food and beverage (F&B) stocks, in light of rising commodity prices and named his top picks for the F&B sector - QL Resources and AEON Co. He also explained his basis for his market contrarian BUY call on Nestle Malaysia; being the only research house to do so at the moment. See omnystudio.com/listener for privacy information.

Dodge Dorland, Chief Investment Officer of Landor Capital New York, says President Obama is unlikely to push for more spending to create jobs. September is expected to be a bad month and he expects buying opportunities in utilities, real estate and agriculture rather than in the big caps. Gold prices may hit a new high this week but the rally would probably be shortlived. See omnystudio.com/listen...

Lucinda Chan at Macquarie Private Wealth believes it might be a relatively quiet market this week due to the market closure on Labour Day. In Australia, she says there is no reason to be unduly worried about the trade balance figure which was below expectations, as GDP numbers have been robust. She does not expect RBA to raise interest rates in the upcoming board meeting on Tue...

Hwang DBS Investment Management Bhd Head of Equities Gan Eng Peng gave his views on Sime Darby's Q4 results. Sime Darby Bhd posted a loss of RM77.4mil for the three months ended June 30, the group’s second straight quarter of losses, after it set aside a further RM777.3mil for potential losses on projects under its energy and utility division. Including the RM1.3bil in provisions made in the...

Robert Pavlik, Chief Market Strategist at Banyan Partners, says market is oversold and much hinges on employment data which will come out on Friday. He expects a U shape economic recovery. See omnystudio.com/listener for privacy information.