The fund managers and research heads believe that the CI will scale to higher levels in 2004, although there is a difference of opinion on just when that will take place and whether the KLSE will be a tale of two halves.
One thing they seem to agree on is that small-cap stocks will still find as much favour from investors next year as they did during the second half of 2003.
In the second and final part of a discussion on the stock market for 2004 with StarBiz assistant news editor JAGDEV SINGH SIDHU and reporter ELAINE ANG, the two fund managers – KLCS Asset Management executive director/chief investment officer Connie Ong and Fortress Capital Asset Management chief executive officer Thomas Yong – together with three research heads – AmResearch executive director Gan Kim Khoon, OSK Research’s Pankaj Kumar, and K&N Kenanga’s Seow Choong Liang – tell us just what type of stocks they are looking at.
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