Malaysia Portfolio Investment Calls and Stock Market Update (22 April 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 was unchanged at 1,382 points, compared to the day before of -2.2%% (1,382 points). Top gainers and losers for the day are Carlsberg (+RM1.0), HEIM Industries (+RM0.7), and F&N (-RM1.0) and Nestle (-RM0.5) respectively.

The market today did not succumb to the selling pressure from the oil price decline from yesterday. This was accompanied by news that Trump has called for a bailout of the US oil and gas industry. However, I do think there is more room for the market to go down, as I think investors have not priced in the implicit outlook that global demand has tanked, as evident by oil prices collapse. Petronas may also reduce its domestic CAPEX spending in light og this.

For the Malaysian companies I am keeping track with a Buy call, most of them are still up. The best performing companies in terms of share price are Lotte Chemical Titan (31.4%), Padini (10.8%) and Bermaz Auto (14.7%). To date, the portfolio of companies I am keeping track on have moderated to 4.8% return (22 April 2019: 5.9%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.