KUALA LUMPUR (Nov 18): Hwang DBS Vickers Research expects the The bearish external mood will probably force the benchmark FBM KLCI to slide towards the immediate support level of 1,445 ahead.
It said on Friday that overnight on Wall Street, key U.S. equity bellwethers dropped further by between 1.1% and 2.0% due to rising concerns that the global economy could be hit as the Eurozone sovereign debt crisis would likely worsen.
As for Malaysia, HDBSVR said on the local economic front, investors will be watching out for the 3Q11 GDP report card this evening, which would give an insight whether the Malaysian economy is on track to meet the official full-year growth forecast of 5.0%-5.5%. One media poll said consensus is projecting a year-on-year growth rate of 5.0% in the third quarter.
HDBSVR said within the list of listed companies that have announced their latest quarterly results Thursday evening, CB Industrial Product and TSH Resources surprised on the upside but YTL Land and Kossan Rubber came in below expectations.
It said on Friday that overnight on Wall Street, key U.S. equity bellwethers dropped further by between 1.1% and 2.0% due to rising concerns that the global economy could be hit as the Eurozone sovereign debt crisis would likely worsen.
As for Malaysia, HDBSVR said on the local economic front, investors will be watching out for the 3Q11 GDP report card this evening, which would give an insight whether the Malaysian economy is on track to meet the official full-year growth forecast of 5.0%-5.5%. One media poll said consensus is projecting a year-on-year growth rate of 5.0% in the third quarter.
HDBSVR said within the list of listed companies that have announced their latest quarterly results Thursday evening, CB Industrial Product and TSH Resources surprised on the upside but YTL Land and Kossan Rubber came in below expectations.
