Cecilia Kok

Recent and archived articles by Cecilia Kok

9 Aug 2018 | 7:00 AM

Malaysian market up on strong support, foreign funds return

PETALING JAYA: Malaysian equities had another solid close yesterday, with the benchmark index breaking past the crucial 1,800-point level, in a sign of growing confidence in the country’s capital market. Rising for the second consecutive day, the FBM KLCI gained 13.64 points, or 0.76%, to close at an 11-week high of 1,804.73.

Resistance level: Brokerages caution on a limited short-term market upside, expecting resistance around the 1,830 level. — AP
4 Aug 2018 | 7:00 AM

Opcom rides on broadband growth

But TM contract win draws attention for the wrong reasons

2 Aug 2018 | 7:00 AM

Mixed views on loan growth under Pakatan government

PETALING JAYA: Analysts are divided over the impact of the 14th general election (GE14) on loan growth. While some expected the return of confidence under the Pakatan Harapan-led government resulting in robust loan growth in the second half of the year, others saw policy uncertainties leading to slower expansion in lending

Losing momentum: Analysts expect loan growth to start to ease from next month as car sales fizzle out upon the introduction of the sales and service tax
21 Jul 2018 | 7:00 AM

Pakatan boost for technology firms

New government’s adoption of e-services set to benefit them

While many still see MyEG as a government concession, currently, only 20% of its revenue is derived from the e-government services.  Some 80% of MyEG’s revenue is derived from non-government-related products and services.
30 Jun 2018 | 7:00 AM

Rebuilding MUI

Second generation ownership accelerating efforts to revive company

Malayan United Industries Bhd (MUI) CEO Andrew Khoo
23 Jun 2018 | 7:00 AM

NFOs likely to see short-term disruption to ticket sales during World Cup

THE FIFA World Cup season is here. For sports fans, it will be a period of fun and excitement, while for some businesses, such as those operating in the consumer sector, it will be a period of business boom.

21 Jun 2018 | 7:00 AM

Funds outflow likely to slow down

Situation to get better when new Pakatan govt announces economic policies

MIDF analyst Adam Rahim expected the situation to be better for Malaysia when the new government announces its economic policies and firms up the list of Cabinet ministers.  He said Malaysia has seen the least amount of outflows from the equities market from January this year until June 15 compared with other markets in the region.
19 Jun 2018 | 7:00 AM

Ringgit at 5-month low, pressurised by US-China trade dispute

PETALING JAYA: The ringgit has depreciated to its weakest level in five months against a surging US dollar, as growing concern over the trade dispute between the United States and China triggered a shift towards safe-haven assets such as US government bonds. In addition, declining crude oil prices also pressured the ringgit, which depreciated 0.33% against the greenback .

“Persistent concerns over the resurgence in investor demand for the US dollar, and the negative market impact encouraged by the ongoing fears over a potential trade war between the United States and China have played a leading role behind the ringgit falling back below four against the US dollar,” FXTM global head of currency strategy & market research Jameel Ahmad said.  He said the ringgit would continue to weaken due to the buying momentum for the US dollar.
14 Jun 2018 | 7:00 AM

Funds optimistic about ringgit asets, Moody's concerned on fiscal outlook

PETALING JAYA: Fiscal discipline by the government remains an important factor in maintaining investors’ confidence towards Malaysia’s capital market, says Moody’s Investors Service.

Goldman Sachs said US funds remained optimistic about the ringgit-denominated assets although there were some concerns about Malaysia’s fiscal outlook under the new government.
12 Jun 2018 | 7:00 AM

Do we need a new national car plan ask wary analysts

They call for feasibility study on the need for such a costly project

Timely takeover: Geely’s high-tech plant in Baoji, Shaanxi province, China. Proton’s poor brand perception has resulted in lagging sales and losses which led to Geely acquiring a 49.9 stake in Proton Holdings Bhd last year. The takeover by Geely, which owns Volvo, was a welcomed move and considered long overdue by some analysts