About a month ago, I'd written on AIRASIA. The stock is now trading at 69 sen a share. Many people have asked me if this is the right time to buy Airasia shares, especially in view of the STAR article that the stock market is ready for a BULL RUN.
My anwser is i still prefer the purchase of GOLD as a long term investment over stocks. I have PREFERRED it for quite sometime now over stocks.
So is it possible for the composite index stocks to rally into a bull market. Most likely YES... but will the bull spread to the rest of the stock market...I believe that i still don't believe in SANTA CLAUS.
There are other factors why, I don't think a bull rally across the broader market is logical.
🟪 Oil & Gas contribute about 35 per cent of govt revenue. The national budget is based on USD55 per barrel, while brent crude is trading at USD27 per barrel.
🟥 So basically budget running on deficits and none of Muhyiddin's plan has been rectified by parliament.
🟧 Supplementary Budget. Where is it?
🟦 Tourism is the 3rd largest forex earner for Malaysia bringing in about RM84 billion a year or about 28 per cent of the RM297 billion national budget.
🟩 Layoffs/Cut in Salary/Unemployment. No need to say much on this. . Just speak to your family members and friends.. the experience will chock you on the calamity ahead.
🟨 Political instability. Bersatu udah jadi Berdua. Don't think every UMNO MP is with PN. They might not vote for PH but they can intentionally be absent during afuture parliment sitting and bring down the govt.
Coming back to Airasia, what does the future hold? Again i don't know, but here is some choice words from Ariana Grande & Lady Gaga
It's coming down on me
Water like misery
It's coming down on me
I'm ready, rain on me
Water like misery
It's coming down on me
I'm ready, rain on me
