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Sunday, March 09, 2008

My Predictions is Malaysia Bourse to Fall Sharply on Monday

The recent Malaysia election says it all. Racial divide in Malaysia is evident and this is going to dampen investors' confidence in the fundamentals. Barisan Nasional did not manage a 2/3 majority and this results in losing rights to Consitution ammendment. The multi-billion corridors and Iskandar projects may be jeopardised. Time will only tell. Penang, technology hub of Malaysia, is lost to the opposition. This will mean plans for development of Malaysia's Silicon Valley may see a shift. Bills approval and Constitution ammendments may now take longer than usual.

My predictions is a sharp fall for Malaysia bourse on Monday 10 Mar 2008.

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