Market Watch

Stewart Slater, CIO of Singapore-based GS Wealth, comments on news that the credit rating industry is facing a potential major overhaul and whether calls for Asian equivalents of Moodys and &P are needed. He also provides an outlook for equity markets in the short term. See omnystudio.com/listener for privacy information.

Jason Yap, OSK Research Senior Analyst gave his views on glovemakers Adventa Bhd and Top Glove Bhd. Adventa released somewhat disappointing 2Q results yesterday, though net profit rose 70% to RM6.45m in its 2nd quarter ended April 30, 2010. Meanwhile, Top Glove will be releasing its 3QFY10 results later today. OSK currently has a BUY call on both stocks. Jason also discloses his top picks for the...

Jeffrey Tan, Telecom Analyst with OSK Research Sdn Bhd gave his views on Maxis Bhd: their ARPU trends, revenue growth and dividend pay outs. OSK has a Neutral call on Maxis with a target price of RM5.80. See omnystudio.com/listener for privacy information.

Malcolm E Polley, President and CIO of Stewart Capital Advisors, explains why US consumer sentiment improved while retail sales fell unexpectedly and whether this means we'll avoid a double dip in the second half of this year. He believes industrial production figures will likely beat consensus but the market wants to see a more normalised trend. He also expects earnings to come in...

Fadhli Zil Ikram, Senior Dealer at Jupiter Securities gave his take on the market given that it's World Cup season and the proposed RM36 billion MRT project by Gamuda and MMC Corp. He also revealed what he's buying and owning right now. See omnystudio.com/listener for privacy information.

Tim Mulholland, MD of the China-America Capital Company, talks about his concern with the economic fallout from the European debt crisis in the US, whether there are trading opprtunities in the Euro, whether Asia is resilient enought to weather Europe’s debt crisis and ends with his views on BP's woes. See omnystudio.com/listener for privacy information.

Chris Eng, Head of Research at OSK Research Sdn Bhd gave his assessment of the 10th Malaysia Plan announced yesterday. He talked about which companies may be impacted by the subsidy cuts and named a few companies that potentially stand to benefit from the 10th Malaysia Plan. See omnystudio.com/listener for privacy information.

As Air Asia X Sdn Bhd recently announced that it's considering an IPO  in 2011, we asked Thomas Kwan, Regional Transport Analyst with UBS based in Hong Kong, for his views on the airline industry. The low cost airlines in Asia is a relatively young industry, and the ASEAN region has a lot of potential. See omnystudio.com/listener for privacy information.

David Taylor, Market Analyst/Commentator at CMC Markets, says positive newsflow from the US could offset negative news on Europe. CMC has downgraded stocks in the finance sector in Australia while it's difficult to price in uncertainties of the superprofit tax on mining companies. See omnystudio.com/listener for privacy information.

Stewart Slater, CIO at GS Wealth, says interest rate might be raised in mid 2011 and it's too early to tell if US is insulated from the problems in Europe. UK and Hungary have raised alarm bells about their finances and he says France, Belgium and Holland could be in the spotlight next. Given that the US market had a sharp rebound yesterday, it's possible Asia Pacific markets would...

Malcolm E Polley, President and CIO of Stewart Capital Advisors, Pennsylvania, offers a short term prognosis on the stock markets in the context of challenging conditions such as poor US jobs data, Europe and the BP oil spill. He also talks about whether he expect US data on retail sales and consumer sentiment to provide any short term relief, whether he has any concerns of a double-dp to material...

Hwang DBS Investment Management Bhd Head of Equities Gan Eng Peng gave his take on Sunway Real Estate Investment Trust (REIT).  Sunway REIT is expected to garner RM1.65b from its IPO based on an average price of RM1 per unit. Slated for listing on July 8, 2010 on the main board of Bursa Malaysia, Sunway REIT is set to become the largest REIT on the local stock exchange with a fund size of 2.7...

The Morning Run team reviewed Jim Rogers' books: Investment Biker, Adventure Capitalist, Hot Commodities, and A Bull In China. Jim will be in Kuala Lumpur to present an MPH Power-Packed Seminar on "Investment Opportunities: 2010 and Beyond for Asian Companies and Investors". 9am - 2pm, 8 July 2010, PJ Hilton. Organised by MPH.   See omnystudio.com/listener for privacy information.

RHB Research Institute Sdn Bhd's Head of Research and Chief Economist, Lim Chee Sing spoke about the 1st quarter of 2010, the correlation between GDP growth and investible opportunities and the domestic counters that appeal to him. He also talked about the impact of the restructuring of subsidies, unveiling of the 10th Malaysian plan and the second part of the New Economic Model on the market. RHB...

David Taylor, Market Analyst/Commentator at CMC Markets Sydney, explains why private investments and net exports were down for 1Q, and the impact of the proposed mining tax. See omnystudio.com/listener for privacy information.

OSK Research talks about the upcoming tariff hike on July 1st, anticipated revisions to the Postal Land Act and who'd make a good bidder for Khazanah's shares in Pos Malaysia. Pos Malaysia's net profit plunged RM1.6m in its Q1 ended Dec 31, 2010 due to the adoption of FRS139 and specifically, the stating of the fair value of its investment in Transmile Group. OSK shaved 3 sen off their target pric...

Stewart Slater, CIO at GS Wealth, explains why Canada raised its interest rate, the first G7 country to do so. He does not expect ISM manufacturing data to remain as robust in the coming quarters. More volatility to be expected in Asia Pacific markets given the slightly disappointing data in China and heightened tension in the Middle East. See omnystudio.com/listener for privacy information.

Malcolm E Polley, President and CIO of Stewart Capital Advisors, tells the key takeaway points of Ben Bernanke's speech. He expects ISM Manufacturing survey and nonfarm payroll numbers to be reasonably good. He says bigger concern is liquidity and still subscribes to the "sell in May and go away". See omnystudio.com/listener for privacy information.

Gerald Ambrose, Managing Director of Aberdeen Asset Management Sdn Bhd gaves his views on Sime Darby's Q3 results, choice of PWC (Sime Darby's external auditors) to conduct forensic audits, Sime Darby's next CEO and whether this debacle could be a precursor to break up Sime Darby. See omnystudio.com/listener for privacy information.

Malcolm E Polley, President and CIO of Stewart Capital Advisors, believes the Europe debt crisis problem is not as large as the commercial real estate and subprime issues in the US. He says banks in US are fairly insulated from the problems faced by financial institutions in Europe. The market is expected to remain choppy and it's uncertain when a rebound could take place. He believes there i...

Lucinda Chan, Division Director at Macquarie Private Wealth Sydney, expects positive data on existing and new home sales and GDP figures from US this week. The S&P500 may see support level at 1,100. She does not rule out more market regulation from Europe. See omnystudio.com/listener for privacy information.

Aberdeen Asset Management Sdn Bhd Managing Director Gerald Ambrose spoke about the impact of tax fraud allegations against Wilmar International on PPB Group's shares. PPB Group Bhd has an 18.4% equity interest in palm oil giant, Singapore-listed Wilmar International Ltd. See omnystudio.com/listener for privacy information.

Tim Mulholland, MD of China America Capital Company, says the S&P 500 could go down further on the basis that there were higher than expected job losses in May. France could be primed for a credit rating downgrade warning given its high fiscal deficit. See omnystudio.com/listener for privacy information.

David Taylor, Market Commentator at CMC Markets, explains why he is still bullish on Australia despite the prospect of China's economy slowing down and that consumer sentiment has fallen to its lowest level in 19 months. See omnystudio.com/listener for privacy information.

Stewart Slater, CIO at GS Wealth, says more downside in US market to be execpted. China's move to accumulate more Treasury Bills not necessarily an indication that they think the Euro will retreat further. See omnystudio.com/listener for privacy information.