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 rallied by 1.2% to 1,388 points, compared to the day before of 1.2% (1,372 points). Top gainers for the day are Panasonic (+RM1.8), Nestle (+RM1.4), Heineken (+RM0.8), TimeCom (+RM0.5), and Dutch Lady (+RM0.5).

The market today was again quite bullish, as the market priced in the impact of good news from China’s trade data in March 2020. If you all remembered, I did aim for a buying entry today or tomorrow, as I expected a sell-off from IMF’s downward revision of growth yesterday. IMF yesterday revised global growth downwards from 3.3% to -3.0%, signalling a recession for the year, and worse than the 07/08 financial crisis. It does seem like I might be wrong on my entry point today or tomorrow, as things stand.

For the Malaysian companies I am keeping track with a Buy call, most of them are up in line with the general market. The best performing companies in terms of share price are Padini (13.3%) and Lotte Chemical Titan (10.2%). To date, the portfolio of companies I am keeping track on have improved to 3.2% return (14 April 2019: 1.8%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.