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Outlook & Updates
Naga Voice Archive
Market Wrap
Title Name Morning Brief
Subject US market slumped with DJIA closed below 10,000 for the fist time since November last year on concern European countries will disrupt economy recovery after the government failed to announce details plans to solve the budget deficits issue.
Last Updated 09 February 2010 09:52:55 am
US market slumped with DJIA closed below 10,000 for the fist time since November last year on concern European countries will disrupt economy recovery after the government failed to announce details plans to solve the budget deficits issue.

According to John Roque, the New York-based chief technical strategist at WJB, Shanghai market may retreat another 8.6% after property index slumped to 9 month low,

Economists are generally positive on Malaysia export, expected to see double-digit growth this year, higher than the 3.5% forecast made by the government. This is in line with recent recovery of the USD.

According to the industry source and analysts, Resorts World Sentosa is expected to be open as early as this weekend to coincide with the Chinese New Year holiday to attract visitor. However, Genting refused to confirm the opening date. There 7 Genting related structured warrants, namely Genting-CM, Genting-CN, Genting-CO, Genting-CP, Genting-CQ, Genting-CR and Genitng-CS.

JPMorgan is expecting AMMB profit ending 31 March 2010 to exceed the management forecast. JPMorgan also raised AMMB earnings estimates for fiscal 2010-2011 by 5% to reflect stronger-than-expected net interest margins and non-interest income levels. There are 5 related AMMB structured warrants, namely AMMB-CC, AMMB-CD, AMMB-CE, AMMB-CF and AMMB-CG.