MARKET UPDATES :
As widely anticipated, Bank Negara Malaysia maintained the benchmark interest rate, the Overnight Policy Rate (OPR) at 3.25 per cent.The monetary policy committee, in its last scheduled meeting for the year, warned that exports have shown signs of moderation while private consumption is also expected to moderate.But investment activity is projected to remain robust, supported by broad-based capital spending by both the private and public sectors.
STOCK RECOMMENDATION :
BUY ASTRO MALAYSIA ABOVE 3.380 TG 3.430, 3.490, 3.570 SL 3.310
As widely anticipated, Bank Negara Malaysia maintained the benchmark interest rate, the Overnight Policy Rate (OPR) at 3.25 per cent.The monetary policy committee, in its last scheduled meeting for the year, warned that exports have shown signs of moderation while private consumption is also expected to moderate.But investment activity is projected to remain robust, supported by broad-based capital spending by both the private and public sectors.
STOCK RECOMMENDATION :
BUY ASTRO MALAYSIA ABOVE 3.380 TG 3.430, 3.490, 3.570 SL 3.310
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