JPMorgan Chase is optimistic that Malaysia's implementation of policy reforms will drive economic development and increasingly attract foreign investment, sustaining the upward trend of Malaysian stocks.
JP Morgan Chase, after hosting the first JP Morgan Chase Malaysia Forum in early July, engaging in dialogues with three ministers from the Ministry of Finance, Ministry of Transport, and Ministry of Digital, and visiting multiple semiconductor factories in Penang, upgraded our country's rating from 'shareholding' to 'neutral' last week.
This globally renowned investment bank has set a target for the FTSE Bursa Malaysia KLCI to reach 1650 this year, and believes that achieving 1700 points if the market can sustain a bull market is not out of reach.
In the complete report released by JP Morgan, the opinion of Malaysia's Second Finance Minister Datuk Seri Amiruddin Hamzah was quoted, pointing out that Malaysia's political stability enables the government to implement policy reforms.
The report further indicates that Malaysia is committed to implementing necessary reforms to drive the economy towards upstream value chains and reduce the country's fiscal deficit.
"The gradual implementation of policy reforms has received positive feedback, and the 24% year-on-year growth in foreign investment approvals in the first quarter of this year already demonstrates the situation," Amiruddin Hamzah added.
Amiruddin Hamzah also added that the implementation of targeted subsidies requires difficult decisions, and thus the government must execute in a practical manner to ensure proper management of the inflation impact brought about by such implementations.
Enhancing Transport Hub
In discussions with Minister of Transport Wee Ka Siong, the JP Morgan analyst team learned that Malaysia intends to further enhance the capacity of transport hubs through investments in airports, railroad infrastructure, and seaports.
Among them, the East Coast expected to commence operations in 2027...

What I am looking out for in Jul and Q3 that may potentially move the market.
1. Non farm payrolls 5/7 - Looking if the labour market in the US continues to show weakness. if so that will help in planning of my trades set up for the month and T3. If not woll have to stay nimble and adjust accordingly.
2. CPI datas on 11/7 - Will see how the numbers are playing out and if we are seeing continuation of slowing inflation numbers. This helps to further determine the sta...