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 rose significantly by 1.5% to 1,407 points, reversing directions compared to the day before of -0.1% (1,387 points). Top losers for the day are Dutch Lady (+RM0.8), Panasonic (+RM0.7), Hong Leong Finance (+RM0.5), LPI Capital (+RM0.5), and Carlsberg (+RM0.5).

The market today was very bullish, with news on Trump’s plans to reopen the economy. Fair to say, I think my strategy previously did not come to fruition. Even though both IMF’s projections and China’s 1Q GDP announcement today signaled a dire situation for the global economy, it seems that they have already been priced in previously or simply, they are not what investors look at. I think I learned much more than this, with my intended strategy not working out this week. 

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 Lotte Chemical Titan (33.9%), Padini (18.2%) and Bermaz Auto (16.4%). To date, the portfolio of companies I am keeping track on have improved to 7.6% return (16 April 2019: 5.5%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.