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 continued its rally by growing 0.8% to end at 1452 points. This bucked the overall trend in the Asia region as most markets were down, notably Hong Kong (-0.5%), Singapore (-0.3%) and Japan (-0.2%). The Dow Jones erased its earlier gains to grow by 1.5%, as hopes were abound with a new Covid-19 vaccine.

On the new Covid-19 vaccine, Inovio Pharmaceutical announced that it has positive data from its experimental Covid-19 vaccine on animals. This comes in the tail of another vaccine developed by Moderna which has also showed positive results. There is another news that I am keeping an eye out, which is China’s announcement tomorrow on the GDP target, and the stimulus program. Most economists are expecting the government to announce a 2% to 3% growth, or none at all. This will have some implications tomorrow for Malaysia as China is our largest trading partner.

For the Malaysian companies I am keeping track, most of them are still up. The best performing companies in terms of share price are Lotte Chemical Titan (57.6%), Padini (37.9%) and Cahya Mata Sarawak(25.8%). To date, the portfolio of companies I am keeping track on have improved to 12.6% return (20 May 2020: 10.9%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.