icapital.biz - English Vol 27 No 21

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PROJECTING
THE TRUTH
“Last week, i Capital and Tan Teng Boo shared many of its uniquely
bearish forecasts. This week, we are not talking about forecasts. This
issue of i Capital is talking about facts; facts that have not been highlighted
or reported or analysed in the media. From a risk management standpoint,
it is important to get all the facts. The above figures are telling us that
something is wrong with the US economy.”
(PAGE 10)
TOKYO
“One person who agrees with i Capital’s bearish views is Credit Suisse‘s
strategist, Sakthi Siva. She says that Tokyo is still too expensive. By her
standards, despite this year’s sell-off, Japan is still more expensive than
……………”
(PAGE 7)
HONG KONG
“What Rajan said next about China’s currency is valuable and again,
this has been cruelly ignored by the Western media. He advised that the
Chinese authorities should be taken at their word when they say they are
not deliberately depreciating the currency.”
(PAGE 7)
IHH HEALTHCARE
“At RM6.50, IHH is capitalised at RM53.4 bln. For this, what do investors
get in return?”
(PAGE 12)
Malaysia
In Dec, the consumer price index (CPI)
remained stable on a month-on-month basis,
but rose 2.7%, year-on-year. The rise in
inflation rate was again mainly due to a surge
in tobacco prices...
( Page 2 )
China
China’s real GDP in 4Q 2015 rose 6.8%,
year-on-year – see figure 8 . Growth was
sustained mainly by firm private consumption
amidst falling exports and slowing...
( Page 3 )
Europe
In Dec, the annual inflation rate edged up to
0.2%. On the other hand, excluding energy,
the inflation rate dipped slightly to 0.9%...
( Page 4 )
United States
In Dec, the seasonally adjusted producer price
index (PPI) for final demand fell by 0.2% from
Nov. This was mainly due to a sharp decline in
energy prices...
( Page 2 )
New York
The NYSE rally is certainly ageing, if it is not
already in the start of a severe bearish phase.
At the same time, the economic recovery
is ageing too, with many indicators flashing
warning signs. The US manufacturing sector is
already in a contractionary state...
( Page 6 )
Global Stock Selection
Genting Singapore PLC (Genting SP) was
incorporated in Aug 1984 and specialises in
international gaming and developing/operating
casinos and integrated resorts. In Feb 2005
and Apr 2005, the company entered into a
joint submission with Star Cruise Limited and
joint collaboration...
( Page 14 )
KLSE Conclusion
So far, the media headlines are still mainly
dominated by falling crude oil price, the
supposed troubled China economy and
crashing stock market. The plunge in crude oil
price is certainly worthy of very close attention.
For one, substantial movements in oil price
always have major global implications. Two,
except for a very few people...
( Page 10 )
Intelligence
Independence
Integrity
The Stockmarket Specialist
21 January – 27 January 2016
Volume 27 Number 21
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