The first part yesterday of the roundtable discussions dwelt on the KLSE’s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market’s probable outlook for this year, given the looming prospect of war in Iraq. The panellists were Mayban Investment Management Sdn Bhd chief executive officer and director Amin Rafie Othman, AmResearch Sdn Bhd executive director Gan Kim Khoon, Surf88.Com Sdn Bhd chief operating officer Tan Beng Ling and K&N Kenanga Bhd vice-president and head of research Seow Choong Liang, with the discussions chaired by StarBiz senior editor David Chow.
STAR: Coming back to the US economy, consumer demand seems to have slowed, indicated by sluggish sales even during the holiday period, which is the peak spending season of the year. Unemployment figures are rising and US markets are also struggling, as third quarter earnings have not met expectations and this is likely to continue into the first quarter of 2003. What is your take on all this?
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