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Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.
It was expected. Year 2002 was indeed a record-breaking year for the automobile industry. Vehicle sales grew 9.7 per cent to 434,954 units. This year too in terms of volume, most expect sales (in units) to reach an all-time high (with one or two contrarian points of view), with an estimated growth of 3.5 per cent to 4 per cent.
Next week is unlikely to bring much in the way of excitement to the Kuala Lumpur Stock Exchange (KLSE) as most investors will be away for the whole week for the Chinese New Year holidays. As such, market observers are bracing for a quiet, if somewhat dull, short trading week ahead.
THE KLSE took a breather yesterday as lingering fears of war in Iraq prompted investors to lock in their profits following the sharp rise in the share prices over the past few days.