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Into the final moment of 2008. A last day, or may be to many it should be a day to pass on faster and enter into 2009. Further pain is expeted in early of 2009 extending the mess from 2008.
In the last week of the 2008, i have taken some closer look into data that crucial for the health of 2009 economy. Well, looks like everyone already known the problem. Dow Jones, Asia Indicies and even KLSE are responding good to bad news. This support my confidence in a recovery is most likely on its ways in March or April 2009.
Oil that have over sold together with crude palm oil tracking the brent crude performance will also more steadier to bad news. Greenback however i see will turn streadier against other currencies in 2009.
Lets hope the worst is gone and below are some forecast in the year of 2009.
KLCI will set a target of 1,100 - 1,200
RM around 3.6-3.8 having pressures from Greenback and a round of interest cut by BNM
Dow Jones will recover around 10,000 - 11,000 by year end of 2009 or higher.
Oil to push back around USD 70-80 per barrel.
Gold around 850 - 900 will find sweet spots.
MAYBANK, UMW, HAP SENG, OSK, TMCLFE, SUNZEN, PANTECH, AXREIT, BSDREIT, HEKTAR & KLCC amount good choice with dividend yield around 5% and above and with a capital upside adjustment of 30-50% from the current level market closed 12.30 pm of 31st December 2008.
An average cycle of investment is my favour that you break your capital into 5 portions. Start January, buy in 20% of your funds every month.
Again if no catalyst come out in 2009, then it should be a good year for stock recovery. Of course not a bull run eventhough is Ox Year!
Happy Investing - - - (PS: Dont forget to help the poor)
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