Malaysia's upcoming GE15
UK Prime Minister Liz Truss's Resignation
China's 20th Communist Party Congress
Hang Seng Index significant drop
All these global geopolitics events significantly affects the economy, and market's movement will follow it as a reflect of the economy. While it's totally hard to predict how much would these political events will affect the $FBMKLCIEA / 0820EA (FTSE BURSA MALAYSIA KLCI ETF) market, we all would agree on it's essentially bearish affair that doesn't help the market.
My interpretation from here is there could be a bearish movement for Malaysia company that has deep connection and business with China market.
Luckily, $FBMKLCIEA / 0820EA (FTSE BURSA MALAYSIA KLCI ETF) market is closed today for Deepavali public holiday, at least we get to escape the first wave right?馃槀
Investing in ETF: Risks and Opportunities
by Bursa...
with @BlackPanda...
$GOLDETF / 0828EA (TRADEPLUS SHARIAH GOLD TRACKER) $FANG1XI / 0831EA (TRADEPLUS NYSE FANG+ DAILY (-1X) INVERSE TRACKER) $FBMKLCIEA / 0820EA (FTSE BURSA MALAYSIA KLCI ETF) $KLCI1XI / 0835EA (KENANGA KLCI DAILY (-1X) INVERSE ETF) $HSCEI1XI / 0833EA (TRADEPLUS HSCEI DAILY (-1X) INVERSE TRACKER)
https://cutt.ly/hZJsqMg
FBM KLCI ETF $FBMKLCIEA / 0820EA (FTSE BURSA MALAYSIA KLCI ETF)
Research by AmInvest
HOLD(Maintain): Target Price: RM1.84
鈥淏ursa ETF Watch: Glove stocks cap valuations"
We maintain our HOLD call on FBM KLCI ETF but trim our fair value (FV) to RM1.84 (from RM1.85) (Exhibit 1). Our FV is based on our FVs (for stocks under our coverage), consensus FVs (for stocks not under our coverage) and last traded price (for Hap Seng Consolidated, which is not under any coverage). It is at a 10% premium to its NAV of RM1.68 (Exhibit 1).
AmInvestment Bank
T 03-2036 2240
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