Market Watch

Malcolm E Polley, President and CIO of Stewart Capital Advisors, talks about his belief that despite still-weak US jobs growth, the U.S. has pulled out of a recession. He also discusses comments by Former Fed Chairman Alan Greenspan, who reckons the US economy might contract again, comments by the IMF, which says the U.S. financial system remains fragile, and ends with his view on Chinese manufact...

Tim Mulholland, Managing Director, China-America Capital Company, discusses the US labor market and whether it will be slow to improve even if -- when -- the economy grows. He also talks about whether he feels the Fed will maintain a very loose monetary policy and if so, how unwise will it be if they do so. He also discusses imported inflation in Australasia and Asia, and ends with his take on fal...

Yin Shao Yang of ECM Libra Research spoke about Tanjong plc. According to Reuters, billionaire Ananda Krishnan is set to buyout utilities and gaming company Tanjong plc, the second of his listed firms in a deal worth RM4.4b. Tanjong plc is widely expected to make an announcement later today. The stock was suspended on Tuesday July 27 and last quoted at RM17.88. As per Bloomberg's records today, th...

Mak Hoy Ken of AmResearch predicts when the Sarawak elections will be called, the environmental cost of pursuing a low cost model and attracting FDI to Sarawak. He ends with his top stock picks for Sarawak. See omnystudio.com/listener for privacy information.

David Taylor, Market Commentator at CMC Markets Sydney, says it's difficult to tell if the S&P500 will stay above 1,100 though most companies have been outperforming their earnings target. He believes 3Q GDP growth in US would be benign. In Australia, he expects one more rate hike before the end of the year (about 25 bp). See omnystudio.com/listener for privacy information.

Nicholas Yeo, HK and China Equities Head of Aberdeen International Fund Managers, discusses news that the Basel Committee on Banking Supervision has softened some of its proposed capital and liquidity rules and whether this might act as a catalyst to accumulate bank-related shares. He also discusses rumblings of potentially staggering NPLs in China and whether this is shaping up to be a major conc...

Alfred Chan, Associate Director, Financial Institutions of Fitch Ratings Singapore gave his views on the Basel Committee on Banking Supervision softening some of its proposed capital and liquidity rules. He also talked about how it affects local banks, and what CIMB and Maybank are likely to do next. See omnystudio.com/listener for privacy information.

Malcolm E Polley, CIO at Stewart Capital Advisors, talks of Asian stocks up on European bank stress test results and whether that constitutes a false dawn, or whether he thinks the Eurozone is coming back from the brink. He also discusses the US now showing signs of stalling and news that India is raising rates again and whether he is concerned, especially in regards to India as an engine for grow...

Fairuz Diyana of RHB Research talked about Tan Chong Motor's latest car, Nissan CKD Teana. The Nissan Teana (CKD) comes in two variants (2.0 liter and 2.5 liter) and is expected to garner favorable sales given its competitive pricing among the D segment, which has been long dominated by the Accord and Camry. Tan Chong indicated that the price range for the Teana 2.0 liter engine would be less than...

Lucinda Chan, Divisional Director of Macquarie Private Wealth in Sydney, Australia, discusses the Fed's options if a second major global slowdown occurs, unofficial news that in China half of all loans need to be serviced by secondary sources like guarantors because of dodgy projects, the perception that Europe's banking stress tests weren't very stressful, and Australia’s Aug. 21 election a...

Bharat Joshi of Aberdeen Asset Management Sdn Bhd about where CPO futures' prices are headed for the rest of 2010, impact of La Nina weather pattern and whether a rerating of the plantations sector is likely. See omnystudio.com/listener for privacy information.

Chris Eng of OSK Research talked about his recent visit to Iskandar Malaysia, Johor. He gave an update on the progress of these developments: Nusajaya, Puteri Harbour, East Ledang, Horizon Hills and Medini Iskandar. He explained why he thinks Iskandar's tipping point will come in 2012, and who the key beneficiaries from this development are. See omnystudio.com/listener for privacy information.

Tim Mulholland, Managing Director of China America Capital Company, says a double dip is likely and why it's not necessarily a bargain to buy into the S&P500 at its current level of 12 times earnings.   See omnystudio.com/listener for privacy information.

Jeffrey Albright, CEO of Dunham-Bush Holding Bhd talked about its relisting plans. Dunham-Bush Holding Bhd, which was taken private in 2007 at an estimated cost of 318 million ringgit is planning a relisting in 2012 with a valuation of about $600 million (1.94 billion ringgit). The company, which was listed on the second board of Bursa Malaysia as Dunham-Bush (M) Bhd, was taken private in 2007 by...

Fairuz Diyana of RHB Research Institute gave her views on the Malaysian Automotive Association's (MAA) raised forecast for total vehicles sales in 2010. She concurred with MAA President Datuk Aishah Ahmad's view that the hike in interest rates and fuel prices would have minimal impact on vehicles sales going forward. RHB maintains OVERWEIGHT on the Motor sector. MAA has raised its forecast by 6.12...

Natalie Tham, Investment Manager at Aberdeen Asset Management in Sydney, expects the Reserve Bank of Australia to raise interest rate one more time by year end, and that earnings would be flattish in this quarter. She also explains why Aberdeen's top stock picks are BHP Biliton and ARB Corp. See omnystudio.com/listener for privacy information.

David Koay, analyst with Fundsupermart discussed the most active stocks by volume on the FBM KLCI yesterday (19 July) and why he expects Malaysia's next general elections to be held early. The top 5 most active stocks by volume were Titan Chemicals, Time Engineering, Time dotCom, Scomi Group and Land & General. UEM Land was no. 9 and Tebrau Teguh was no.11 on the list. See omnystudio.com/liste...

Malcolm E Polley, President and CIO of Stewart Capital Advisors, says housing market data this week could be as bad as May and while news of positive earnings this week could offset the bad news, anxieties about lagging consumer sentiment and high unemployment remain. See omnystudio.com/listener for privacy information.

Alvin Liew, South East Asia Economist with Standard Chartered Bank gave his views on the impact of reducation in subsidies on fuel and sugar on July 16 as part of Malaysia's subsidy rationalisation. The readjustment was limited and significantly smaller than the recommendation made in the New Economic Model and the 10th Malaysia Plan. See omnystudio.com/listener for privacy information.

Teh Chi Chang of Maybank IB Research gave us his reaction to TNB's Q3 results, expectations for coal prices and tariff hikes, as well as why his SELL rating on TNB remains unchanged, with a raised target price from RM7.35 to RM7.50. Tenaga Nasional Bhd's Q3FY10 net profit ex-forex plunged 37% QoQ to RM536m. See omnystudio.com/listener for privacy information.

David Taylor, Market Analyst and Commentator at CMC Markets in Sydney Australia, questions some pundits' view that the double-dip recession in the US may be over, as well as mutterings that the Eurozone's problems are over. See omnystudio.com/listener for privacy information.

Farhana Hamzah of TA Research told us what she thinks is the reason for Tan Sri Robert Kuok exiting Malaysia's sugar business, and its implications on Malaysia's sugar industry. Months after Tan Sri Robert Kuok-controlled PPB Group Bhd sold its entire local sugar operations to Felda, the billionaire once dubbed the Sugar King of Malaysia acquired Sydney-based CSR Ltd’s sugar business for A$1...

Callum Henderson, Global Head of FX Strategy with Standard Chartered Bank gave his views on the upside potential for the ringgit for the rest of 2010, and why Bank Negara is likely to hike the OPR again this year. OPR is currently at 2.75% He also talked about the impact of China's huge trade surplus on the yuan and the yuan-ringgit relationship. See omnystudio.com/listener for privacy information...

Malcolm E Polley, President and CIO of Stewart Capital Advisors, does not expect the $2.6 trillion bank liabilities to become a major issue if the bonds can be rolled over and the market is likely to see more volatility next week when the bank stress test results are released. In the US, he expects most sectors that are proxies to the economy like materials and energy to outperform market expectat...

Fadhli Ikram of Jupiter Securities spoke about his expectations for the market this week, what he's looking out for and why Kencana Petroleum is his current favourite. See omnystudio.com/listener for privacy information.