MARKET UPDATES :
Bank Negara Malaysia (BNM) is likely to maintain its overnight policy rate (OPR) at 3.25 per cent into 2016, said Standard & Poor’s (S&P) Ratings Services. In a statement today, the rating agency also revised Malaysia’s gross domestic product (GDP) growth forecast to 4.6 per cent in 2015 and 5.0 per cent in 2016, from an earlier estimate of 5.5 per cent and 5.4 per cent, respectively.The revision was made in light of an anticipated further decline in oil prices since its last forecasting exercise, said S&P.
STOCK RECOMMENDATION :
BUY CREST BUILDER ABOVE 1.205 TARGET 1.250 1.320 SL 1.155
Bank Negara Malaysia (BNM) is likely to maintain its overnight policy rate (OPR) at 3.25 per cent into 2016, said Standard & Poor’s (S&P) Ratings Services. In a statement today, the rating agency also revised Malaysia’s gross domestic product (GDP) growth forecast to 4.6 per cent in 2015 and 5.0 per cent in 2016, from an earlier estimate of 5.5 per cent and 5.4 per cent, respectively.The revision was made in light of an anticipated further decline in oil prices since its last forecasting exercise, said S&P.
STOCK RECOMMENDATION :
BUY CREST BUILDER ABOVE 1.205 TARGET 1.250 1.320 SL 1.155
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