www.fundsupermart.com.my

[FSM (Admin)]

Malaysia Equity: Short-Term Pain, Long-Term Gain

Author: Jerry Lee Chee Yeong

Although many were expecting a severe fall in the Malaysia equity market right after the market reopened following the post-election holidays on 14th May 2018, the sell-off took about 1 week to materialise. FBMKLCI Index retraced from the post-election high of around 1875 pts to the lowest of 1714 pts, losing more than 8.5% within 2-week period. As of 12th June 2018, the local equity market recorded post-election losses of approximately -4.5%. In this article, we will be discussing the post-election development in Malaysia as well as the potential threats and opportunities ahead in the local market.

Moderation In 1Q GDP

On the macroeconomic front, Malaysia economic activity expanded at 5.4% y-o-y in the first quarter of 2018, falling short of consensus estimate for a 5.5% growth and the previous quarter’ 5.9% expansion.

Figure 1: Malaysia's GDP Growth

However, despite a slower economic growth, the local economy witnessed a broad-based expansion from all the five sectors, Services (+6.5%), Manufacturing (+5.3%), Agriculture (+2.8%), Construction (+4.9%) and Mining & Quarrying (+0.1%). From the expenditure approach, the backbone of Malaysia economy – private consumption maintained its strong momentum, growing by 6.9% over the last quarter, in line with the improving consumer sentiment in the first quarter of 2018. The local net exports also contributed positively to the 1Q GDP growth due to a contraction in imports of goods and services.

On the flipside, the decelerating growth in government expenditure (1Q 2018: 0.1% vs 6.9% in 4Q 2017) as well as the contracting public investment (-1.0% y-o-y) were the main factors that caused a slowdown in the overall economic activity.

Moving forward, a moderation in Malaysia economic activity growth is unavoidable due to the high base effect, lower government spending as well as the slowdown in private investment due to the uncertainties in government policy. However, we believe that the high base effect and the slowdown in private investment would be temporary issues and it is likely to be partially offset by the robust private consumption.

For the rest of the article, click here: https://www.fundsupermart.com.my/ma...a-Equity-Short-Term-Pain,-Long-Term-Gain-9865

 

[FSM (Admin)]

Your Long-Awaited List of Recommended Unit Trusts 2018/19 is Finally Here!

It is the time of the year again where we furnish investors with an updated list of consistent performing unit trusts.

Author : Tan Wei Yine

SUMMARY OF RECOMMENDED UNIT TRUSTS LIST 2018/19

Markets are behaving very differently this year. Volatility “returned” to the scene, and market participants have been busy at catching up with various developments on the global economic front. Having surfed through the tides across 1H2018, it is the time of the year again where we furnish investors with our list of Recommended Unit Trusts. Each year, we perform fund assessments and select the best performing funds from each category available to ensure that the list remains relevant and current to investors. This year, we have a total of 37 funds under 26 categories on our list, spanning across both equities and fixed incomes with exposure to a wide range of countries and regions across the globe. Most of the funds on the list have demonstrated a strong long-term track record and 29 out of 36 Recommended Unit Trusts for 2017/18 have made it back to the list for this year, indicating the consistency of our fund recommendations as well as the quality of our recommended funds.

Our methodology of fund assessment is largely quantitative, where funds are assessed based on historical performances, risk and expenses. Apart from the quantitative analysis, we also consider qualitative factors in our analysis, including the fund house’s investment philosophy, the fund manager’s consistency in their investment approach, the stability of the management team, the investment team’s years of experience and the fund holdings among other factors.

Interested to view the full list?

Click here now! https://www.fundsupermart.com.my/ma...Recommended-Unit-Trusts-is-Finally-Here!-9913

 

[FSM (Admin)]

KL & Johor Workshops: Interactive Walkthrough of FSM Website

We understand that investing in unit trusts online in Malaysia is a relatively new and exciting experience to most investors. Hence, we have decided to conduct a Know-How Workshop on 18 August 2018. You are cordially invited to join us.

*Please be informed that Johor workshop will be postponed to 8 September 2018. Sorry for any inconvenience caused.*


What is Covered in this workshop?

The workshop encompasses an interactive walkthrough of FSM website and tools conducted by FSM Client Investment Specialists team.


What You Will Gain?

Participants will understand how to transact on the FSM platform, payment procedures as well as how to utilise the various fund analysis tools on Fundsupermart.



Who should participate?

New account holders who want to know more about Fundsupermart.com
Existing account holders who have yet to familiarise themselves with our tools and process are encouraged to join



What should you bring?

Participants are encouraged to bring their own laptop or tablet computer to help them better understand the interactive walkthrough of FSM website.



FSM Referral Program

Sharing is caring. Should you think that your friends will benefit from our services, please invite them to this workshop to know more about us. You will receive a token to enjoy lower sales charge when your friends open an account during the event.

To register, click this link:
https://www.fundsupermart.com.my/ma...-Interactive-Walkthrough-of-FSM-Website-10045

 

[FSM (Admin)]

What’s Done In 100 Days

Author : Jerry Lee Chee Yeong

In this article, we would like to review some of the market events that happened over the past 100 days and to share with investors our view regarding the Pakatan Harapan’s first 100-day.



Not all 10 promises are fulfilled by PH government

Financial market (Equity & Fixed Income) rather stable over the past 100 days

Ringgit depreciated due to the broad Dollar strength

Improving Consumer Sentiment (21-year high) and Business Confidence (3-year high)

Focus on Budget 2019 and upcoming economic policies

Consider Malaysia small cap given its better prospect and attractive valuation

In Chinese custom, the 100-day celebration for newborns is deemed to be an important day as it represents the wish that the baby will live 100 years. 17th August 2018 marks a very important day for Malaysia’s new government – Pakatan Harapan, as it is the 100 days milestone in office.

As the deadline looms, we have started to see plenty of news headlines mentioning the undelivered promises set by the new government. No doubt, promises are not meant to be broken by anyone especially the politician. However, in politics, we could not rule out that some of these promises might have been used to attract more votes and to secure the election victory.

In this article, we would like to review some of the market events that happened over the past 100 days and to share with investors our view regarding the Pakatan Harapan’s first 100-day.

What are the promises?

Based on the current progress, we can observe that not all the promises made by PH can be realized during the first 100 days, but at least some of the important pledges were fulfilled such as the removal of GST and stabilizing of petrol price which aimed to tackle the high cost of living as well as the reassessment on the previously awarded mega infrastructure projects which could help to tackle the country high debt issue.

On top of that, the establishment of the Council of Eminent Persons which holds the responsibility to advise and assist the government was a move that deserves applause. Reason being, despite the massive foreign outflow, it has at least inspired the confidence of local institutional and retailer players which supported the local financial market.

For the rest of this article, click this link:
https://www.fundsupermart.com.my/main/research/-View-What’s-Done-In-100-Days-10096

 

[F_selamat]

Ada soalan nak tanya, mcm mana kita nak keluar duit daripada account ya,
ada panduan tak ?

 

[FSM (Admin)]

Ada, boleh refer cara-caranya dengan klik di sini: https://www.fundsupermart.com.my/main/research/viewHTML.tpl?articleNo=7677

 

[FSM (Admin)]

Emerging market – Any silver lining amid volatility?

Author : Sherman Tam Cheng Wei

Is volatility here to stay? Yes. Are we seeing a series of economies blow up in a repeat of the Asian Financial Crisis of 1997? No.

This year investors have had a blunt reminder that emerging markets are risky assets. An escalating Sino-US trade tensions, slowdown in China economy and an invincible US dollar strength coupled with tighter Us monetary policy which could derail EM equities have all contributed to the 8% decline year-to-date (as of 24 August 2018) for the MSCI Emerging Market Index.

FIGURE 1: Emerging markets are facing challenges

FIGURE 2: Dollar led capital outflow in EM space

For the rest of the article, click here: https://www.fundsupermart.com.my/ma...et-–-Any-silver-lining-amid-volatility--10127

 

[FSM (Admin)]

Here's What We Think of the Global Rout

Author : Tan Wei Yine

Equity markets have tumbled, and we are now closer to where we were back in February in terms of volatility numbers. Global equities headed south after a slid in US equities, with Asian and emerging markets (EM) hit hardest. Most of the currencies were down against the greenback.

FIGURE 1: Volatility level is heading towards previous high in February.

What caused the sell-off?

On the external front, we think the recent surge in US Treasuries (UST) is a part to blame. The US economy has posted strong jobs data yet again last week. This gives the Fed an impetus for another hike towards the end of the year. As a result, UST yields have ticked higher towards last Friday, which started a sell-off within US equities.

The uptick in UST coincided with the weakness in US Tech stocks. The sector has been trading on extremely rich valuations, and recently stock prices have tanked when earnings growth started to show signs of moderation. The recent downgrade on global growth outlook by IMF may have also contributed to the recent sell-off.

While the global growth engine is still chugging along on a slower pace, the economic backdrop is made up of rising energy prices, increasing opportunity cost of holding cash and a gradual withdrawal of liquidity from central banks. Coupled with the amount of uncertainties that investors need to consider from US-Sino trade war, political events into 2019 and the lingering EM contagion, it is only surprising if the market did not react to the slightest turn of events on the global economic front.

Looking closer to home, Malaysian investors are caught in the midst of foreign tides and domestic quakes yet again (remember what happened in June?). The government has announced several measures that could affect bottom-line of numerous companies, encouraging stiffer competitions within the telco sector, and its plan to scale back its equity in listed Government-linked Companies (GLC).

At this juncture, we think foreign investors are not looking back into Malaysia just yet, given that policy variability is still on the table and the lack of clarity on government’s direction pending Budget 2019, which is expected to be announced on 2 November. As government decides to scale back its equity holdings without further details on its move, local investors are left with fear of ending up in a “sinking ship”. As a result, many telco companies, including those with significant number of outstanding shares held by government entities, were battered heftily. The sell-off in US stocks overnight only exacerbated the pain.

What to do?

For the rest of this article, visit our website at https://www.fundsupermart.com.my/ma...-What-We-Think-of-the-Global-Rout-Today-10273

 

[FSM (Admin)]

US Mid-Term Election: The Likely Outcomes

Author : Sherman Tam Cheng Wei

We often get asked what different election results might mean for policy and investment outlook. To answer that, we’ll examine what the possible outcomes are and the potential market impacts of a Democratic or Republican win in this write-up.

With about two weeks remaining before the US mid-term election take place, economist and market pundits are discussing on the possible outcomes for the election results while the financial markets will be closely watching the upcoming mid-term election as a shift in the balance of power in Washington could have meaningful implication for global financial markets.

It is therefore important for investors to formulate a view on the potential makeup of the legislative branch in order to evaluate the possible government policies and the implications for the economy and financial markets.

Who Is on The Ballot?

In the upcoming US mid-term election, all 435 members of the House of Representatives, 35 seats in the 100-member Senate along with many state governors and local offices will be set for the races. As of now, Republicans are controlling both chambers of US Congress and the White House (Trump). Some polling suggests Democrats will regain control of the House where the party will need to win 23 seats.

Meanwhile, the math is more difficult for Democrats in the Senate where they must defend 26 seats versus 9 for Republicans.

For the rest of this article, please click this link: https://www.fundsupermart.com.my/main/research/-View-US-Mid-Term-Election-The-Likely-Outcomes--10297

 

[FSM (Admin)]

Here's Why We Think Asia & China Is A Good Buy Now!!

Hence, in this article, we would like to discuss why we still think Asia and China is a good buy despite the recent rally.

Author: iFAST Research Team

Majority of the global equity indices have rallied since their December lows, with some posting double digit year-to-date returns. Some investors might worry if they have missed the recent market rebound and it would be too late for them to enter the market. Hence, in this article, we would like to discuss why we still think Asia and China is a good buy despite the recent rally.

Following our Key Investment Themes & Outlook 2019, our iFAST Research Team has highlighted that we believe more assets should be allocated into equities as compared to bonds. Zooming in more specifically, we should remain overweight in Asia ex-Japan equities.

Looking at the earnings growth estimates for Asia ex-Japan to 2020, and recent developments in the trade talks between the US and China, we believe there is too much pessimism over how Asia ex-Japan will perform.

We also highlighted in our recent fund choice that there are interesting opportunities in the Asian high yield and Emerging market fixed income segments. Asian high yield bonds currently offer very attractive yields of 7.7% (Bloomberg Barclays Asia USD High Yield Bond Index, as of 22 February 2019). In addition, we think that over the next two years, credit spreads could tighten as economic growth in the region stabilizes and improves, thus making Asian High Yield and emerging market debt (hard currency) a viable investment given the current yield of 6.3% (J.P Morgan EMBI Global Core Index, as of 22 February 2019).

For the full article, click this link:
https://www.fundsupermart.com.my/fs...-s-Why-We-Think-Asia-China-Is-A-Good-Buy-Now-