Malaysia Portfolio Investment Calls and Stock Market Update (2 Jun 2020)
Disclaimer: This research should be used purely for informational purposes and is my own personal opinion. I bear no responsibility to whatever investment decisions taken by anyone with regards to this research.
The Kuala Lumpur Composite Index (KLCI) today advanced by 1.2% to end at 1508 points, breaching the 1500 level. All markets were up notably Singapore (+2.2%), Indonesia (+2.0%), Philippines (+1.6%), and the US (+0.4%).
The KLCI continued its furious rally today from last week, even with the profit taking of gloves companies. Blue chip stocks such as Public Bank, Malaysia Airports, Hap Seng, Hong Leong Bank made huge improvements today in share price. This marks the first time that the market has breached the 1500 psychological level since the MCO was in force in Mar 2020.
For the Malaysian companies I am keeping track, most of them are still up. The best performing companies in terms of share price are Lotte Chemical Titan (85.6%), Padini (30.0%), Cahya Mata Sarawak(35.0%), Gamuda (18.0%) and DKSH(11.3%). To date, the portfolio of companies I am keeping track on have moderated to 13.2% return (1 Jun 2020: 12.3%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.