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Stock consolidation seen over now. Likely to retest 44.5 resistance very soon. A positive QR will propel it to 48.5 followed by 54 sen in the short term. This is just a prediction not a sure bet.
Any corrections now will be mild and short. Investors buy for recovery anticipations and Gadang definitely a bargain compared to many that had climbed.
Yes Spore does have high reserves and surplus but its government and corporate debt including bank debts are far higher and are among the highest debted countries in the world. Its strength are manipulated by policy and are not sustainable.
Judging from the author's logic, no government should build any infrastructures and should just be reactive and contented. Bear in mind that mega projects always create positive economic effects to all thus government to collect exponential increase in Malaysia tax revenue every year and people to enjoy the multiple economic opportunities and better living conditions. It's a matter of accepting a progressive and proactive decision or to demand a contented and backward thinking society.
