Malaysia is now the “least favoured market” in Asia Pacific

News come out at Malaysia insider report that Malaysia is now the “least favoured market” in Asia Pacific for investors after nearly doubling its underweight rating from last month, according to a recent Bank of America Merrill Lynch report. The country slipped two spots — from 10th place to dead last — in the investment bank’s latest Fund Managers Survey, even as the Najib administration prepares to unveil ambitious economic reforms meant to boost investor confidence.

















So I think Najib administration fail to boost investor confidence but successful boost FBM KLCI index go up. The biggest reason why FBM KLCI index move up may likely because they need to cover the real economic situation, however if this is the reason so FBM KLCI will be a safe place to invest. Sure Najib administration will use any thing to support the FBM KLCI till next general election, now the budget for 2011 is near and if really next year the general election sure this budget will be very good for FBM KLCI index to go higher that 1,500 level.

For me, now I only invest into FBM KLCI component share only especially CIMB and PetDag. For FBM KLCI to move higher I thing TopGlov will up to new high after the accumulation end.