923 heavy resistance .... possible sell point... wait after 10am... to re test reisistance...
Deutsche Says Malaysian Stock Rally Is Unsustainable (Update1)
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By Chan Tien Hin
Jan. 14 (Bloomberg) -- Malaysia’s stock rally is “unsustainable” and investors should sell palm-oil producers such as IOI Corp., Kuala Lumpur Kepong Bhd. and banks including AMMB Holdings Bhd., Deutsche Bank AG said.
“The market is in denial of worsening economic conditions; this is a market far from offering bargains,” Deutsche said in a report today. “The short-term rally” won’t continue beyond March and this is an “excellent opportunity to take profits.”
Email Print A A A
By Chan Tien Hin
Jan. 14 (Bloomberg) -- Malaysia’s stock rally is “unsustainable” and investors should sell palm-oil producers such as IOI Corp., Kuala Lumpur Kepong Bhd. and banks including AMMB Holdings Bhd., Deutsche Bank AG said.
“The market is in denial of worsening economic conditions; this is a market far from offering bargains,” Deutsche said in a report today. “The short-term rally” won’t continue beyond March and this is an “excellent opportunity to take profits.”
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