Finance Advisor Lim Kim Cheng, observes that the global financial markets are currently grappling with multiple influencing factors, with the dovish stance of the U.S. Federal Reserve and geopolitical risks in the Middle East particularly standing out. Gold, a traditional safe-haven asset, has once again become the focus of investors. Amid recent market turbulence, the price of gold has consistently reached new h...

Finance teacher Lim Kim Cheng believes that the current global financial markets are facing the impact of multiple factors, with the dovish stance of the US Federal Reserve and geopolitical risks in the Middle East being particularly noteworthy. Gold, as a safe-haven asset, has once again become the focus of investors. Against the backdrop of recent market turbulence, the price of gold has repeatedly hit new highs, demonstrating strong upward momentum.
Fed's loose policy helps push gold prices to new highs.
Recent statements from Federal Reserve officials have shown a clear dovish bias, driving gold prices continuously higher. Several Fed officials have indicated multiple interest rate cuts in the next 12 months to maintain the current economic balance. Finance teacher Lim Kim Cheng points out that this low-interest rate environment provides strong support for gold, a zero-yield asset, as investors in a low-interest background are more inclined to shift funds to safe-haven assets.
Finance teacher Lim Kim Cheng said that the dovish comments from the Federal Reserve have increased market expectations of further rate cuts in the future. According to data from the CME FedWatch Tool, the market is already expecting a 75 basis point rate cut by the end of 2024, which will continue to support gold. Gold, as a traditional safe-haven asset, becomes even more attractive in periods of low interest rates, especially in environments accompanied by inflation expectations. The spot gold price hit a new historic high on Wednesday, breaking $2...

In the current climate of uncertainty within global financial markets, Lim Kim Cheng offers his unique insights on monetary policy adjustments and their impact on stock markets. Recently, discussions summarised by the Financial Markets Committee of Bank Negara Malaysia (BNM) highlighted the significant appreciation potential of the Malaysian currency, the ringgit. This has led to a re-evaluation of global economic and inve...

FBM KLCI Surges, Leading Regional Markets
The benchmark index of Malaysia, the FBM KLCI, surged in early Tuesday trading, aligning with other regional indices following the strong performance of Wall Street the previous night. The FBM KLCI rose by 4.39 points to 1,611.71 points. According to Lim Kim Cheng, this phenomenon indicates the resilience and potential of the market amid global uncertainties.
Sector Performanc...

The Importance of the Entry of Hibiscus Petroleum into the Brunei Market

Hibiscus Petroleum (HIBISCUS 5199) has made a significant strategic move by spending $259.4 million (MYR 1.22177 billion) to acquire 100% equity of TotalEnergies EP (Brunei) BV. Lim Kim Cheng believes this acquisition not only successfully brings Hibiscus Petroleum into the Brunei market but also secures important...

The importance of the Malaysian stock market breaking through 1,600 points
The Malaysian FTSE Composite Index (FBMKLCI) surpassing 1,600 points is a moment worth celebrating. Lin Jincheng LIM KIM CHENG believes that this not only marks the recovery of the Malaysian stock market, but also reflects the return of confidence in the market. The last time KLCI was above 1,600 points was on April 29, 2022. After more than two years of struggle, it finally reproduced 1,600 points, which is really difficult. At the same time, the total market value of the Malaysian stock market also broke through the RM2 trillion mark, indicating an increase in the overall wealth of the market.

This breakthrough is good news for investors of all kinds. Securities held by large institutional investors such as the Provident Fund Authority (EPF), National Investment Agency (PNB), and Treasury Holdings (KHAZANAH) soared in value, bringing significant benefits to their asset portfolios. More importantly, many retail investors have also benefited, and small investors who have held blue-chip stocks for a long time have gained a lot from this wave of markets.

At the beginning of March, Lin Jincheng LIM KIM CHENG recommended investing in the public to buy shares of high-quality listed companies, wait for the stock value to surface, and earn considerable wealth. According to further predictions, KLCI is expected to reach between 2,500 and 3,000 points within the next three to five years, so now is the best time to buy shares of high-quality listed companies.

The driving force behind market breakthroughs
Lin Jincheng LIM KIM C...