Daily Market Report (10 May 2019)

  • Massive knee jerk reaction is happening all over the place mainly thanks to Trump’s bullying tactics. As mention numerous times, we remain positive and would use these as an opportunity to accumulate on blue chips.
  • Banking stocks have had been sold down of late due to the cut in OPR coupled with the continuous exodus of foreign funds thus we believe it is excellent chance to look at banks namely Maybank, Public Bank, CIMB and Hong Leong Bank.