KUALA LUMPUR: OSK Research said the KLCI lagged the region in April as it suffered from the fallout ahead of the Sarawak state elections.
The research house said on Tuesday, May 3 after the state polls, it sees the market recovering in May as it believes the 1Q2011 will at least meet downbeat expectations after the past 4 quarters of disappointments.
'With the potential for reasonable results, we believe the market will shift back to fundamentals and look back at Big Caps.
'As such, our strategy for the month would be to Buy fundamentally strong Big Caps as well as Trade on the Property sector as the newsflow here could resume after a couple of months hiatus. Our Top Buys for May are all Big Caps,' it said.
The research house said on Tuesday, May 3 after the state polls, it sees the market recovering in May as it believes the 1Q2011 will at least meet downbeat expectations after the past 4 quarters of disappointments.
'With the potential for reasonable results, we believe the market will shift back to fundamentals and look back at Big Caps.
'As such, our strategy for the month would be to Buy fundamentally strong Big Caps as well as Trade on the Property sector as the newsflow here could resume after a couple of months hiatus. Our Top Buys for May are all Big Caps,' it said.
No comments:
Post a Comment