Malaysian Business reported that after one week of investment mission lead by Prime Minister to UK and US on 12 September 2005. Merrill Lynch downgraded Malaysia's stock market to 'underweight' while upgrading that of South Korea.
"Merrill's regional strategy report dated Sept 20 was essentially a plug for the Korean exchange. But in overweighting Korea, the Malaysian bourse got downgraded to underweight, owing to a relatively limited upside."Write A Kadir Jasin on Malaysian Business..
On Sept 30 - the day that the Prime Minister presented the 2006 Budget. Credit Swisse First Boston, another US-based international investment bank,revised the Malaysian equities downward.
This was followed on October 3 by the Hong Kong brokerage unit of UBN Amro Holding NV, which downgraded the Kuala Lumpur bourse from overweight to neutral.
Those associated with the London-New York investment mission own us, Malaysian investor an explanation.
TechnoratiTag:Business Commentary competitive Economics Economy finance Malaysia News and politics Opinion Politik Shares Stock Market
No comments:
Post a Comment