Japanese Outlook

Malaysia : More Upside On The Way!

April 17, 2007
http://www.fundsupermart.com/main/research/viewHTMLPrint.tpl?articleNo=2182

Summary:

• The recent relaxation of investment laws by the Malaysian government has set the country's investment climate right for investors. We think the Malaysian bourse has more notches to climb!
• Improving Economic Fundamentals
• The Exemption of The Capital Gains Tax on Preperty Sales
• Emerging Islamic Financial Theme
• Other Recent Developments Set Positive Trends
• A Risk to Note: Non-Performing Loans

BOJ Governor Signals Confidence In US Economy

12 April 2007
http://www.fundsupermart.com/main/research/viewSectorPrint.tpl?articleNo=6047

Summary:

• The Bank of Japan's governor repeated his optimism over the US economy, saying it has a "high probability" of achieving a healthy slowdown despite signs of moderating business investment and high inflation rates.

S&P: Global Growth Is Slowing, But Still Good Historically

12 April 2007
http://www.fundsupermart.com/main/research/viewSectorPrint.tpl?articleNo=6046

Summary:

• China, which accounts for about 15% of global GDP, accounted for 30% of world growth in 2006
• Asia expanded at around 7% last year, while Latin America, which is still recovering from the Argentine economic crisis of 2001 and 2002, grew about 4%
• The U.S., which has been rising at a healthy rate of between 3% and 3.5% expansion of gross domestic product per year, is expected to slow down to around 2.4% this year, Wyss said. Europe and Japan, by contrast, "are speeding up" to around 2% growth this year

IMF Sees Global Economic Output Up 4.9% In Both '07 And '08

11 April 2007
http://www.fundsupermart.com/main/research/viewSectorPrint.tpl?articleNo=6040

Summary:

• Demand in Europe, Japan and developing countries like China and India has offset weaker growth in the U.S. Downside risks to the outlook have receded.
• Forecast for US GDP growth this year is 2.2%, whereas for 2008 is 2.8%
• Much of the U.S. economic slowdown has been concentrated in the housing market, trading partners beyond Canada and Mexico haven't been affected much
• Forecasts for China is 10% for 2007, but raised projections for India sharply higher for both this year and next.
• Assumption that oil prices would fall 5.5% to an average of $60.75 a barrel this year and then rise 6.6% in 2008.

Singapore GDP Data A Comfort For Asia

10 April 2007
http://www.fundsupermart.com/main/research/viewSectorPrint.tpl?articleNo=6031

Top Markets For First Quarter 2007

April 9, 2007
http://www.fundsupermart.com/main/research/viewHTMLPrint.tpl?articleNo=2175

Summary:

• For KLSE, PE (2007) = 16.4X, whereas PE (2008) = 14.4X
• Malaysian equities market is attractive with earnings growth at 13.7% and 13.2% for 2007 and 2008
• For STI, PE(2007) = 17.3X, whereas PE(2008) = 15.6X
• Singapore equities market remains attractive with earnings growth at 6.9% and 10.6% for 2007 and 2008.

Asia's Stock Rally Shows No Sign Of Abating

4 April 2007
http://www.fundsupermart.com/main/research/viewSectorPrint.tpl?articleNo=6017

Summary:

• Expect markets in Singapore, Hong Kong, Malaysia and elsewhere to make some ground
• there is event risk apprearing from the end-week U.S. nonfarm payrolls data. A bad reading would get markets worrying the state of the U.S. economy, which is bad news for companies in Asia which rely on export demand. Some pre-data nerves may therefore set in by Friday, but this could prove a short-term phenomenon.

A Major Global Correction On The Cards?

March 2, 2007
http://www.fundsupermart.com/main/research/viewHTMLPrint.tpl?articleNo=2154

Summary:

• No Major correction as fundamentals of market is strong
  

When Is The Market Volatility Going To End?

March 16, 2007
http://www.fundsupermart.com/main/research/viewHTMLPrint.tpl?articleNo=2160

Fund Resiliency Is Important In Volatile Times!

http://www.fundsupermart.com/main/research/viewHTMLPrint.tpl?articleNo=2170

A WHOLE NEW (EMERGING) WORLD

http://www.fundsupermart.com/main/research/viewHTMLPrint.tpl?articleNo=2172