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| Januray 18, 2001 |
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Stock Picks For 2001
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Preface
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What a roller-coaster year 2000 turned out to be! In line with global markets, the local bourse
surged forward, buoyed by the technology sector as well as hopes for a continued sustainable
recovery for the Malaysian economy as a whole. But that was where the good news ended. After
hitting a year high of 1013 on February 18, it was downhill all the way as the bears continued
to bare their claws with bad news pummeling the market all the way down. Volatility became the
name of the game, moving in step with the 'blowing hot' and 'blowing cold' sentiment in US
markets.
As we begin the year 2001, the signs are appearing ominous, with US markets headed for freefall
and JP Morgan even pronouncing a hard landing for the US. Locally, the governments forecasted
economic growth has also been cut, from the initial forecast of 7.5% GDP growth to a more
tepid 5%. Investors have turned ever more cautious, as trading volumes continue to drop, and
the adoption of the T+3 settlement period seems to have curtailed Malaysian investors' famous
appetite for risk.
In this environment, it's not surprising that stock selection is going to be ever more important
as a sectoral approach may be unwise under the present market conditions. zoomFinance has
therefore invited a distinguished panel of fund managers and investment analysts to provide us
with their top five stock picks for the year, that will hopefully provide a haven of safety in
these times of spiraling volatility.
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THE PANELISTS
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Tan Kok Kheng [TKK]
(CEO of UOB-OSK Asset Management Sdn Bhd)
Prior to this position, he was with UOB Asset Management Ltd in Singapore, managing the award
winning UOB Global Capital Fund. UOB Asset Management is the largest private fund manager in
Singapore managing a fund size of SGD 3 Billion. Before joining UOB Asset Management, Mr Tan
was the Head of Investment at the Union Bank of Switzerland in Singapore. Mr Tan has a total
of more than 14 years in the investment field, working in the United States, Hong Kong and
Singapore.
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Chow Quee Iee [CQI]
(Head of Research, Kuala Lumpur Securities Sdn Bhd)
He graduated with a Bachelor of Science (1st class Honours) degree majoring in mathematics,
from University of Malaya. He also holds a Master of Business Administration majoring in
Finance, from the same university. He has more than 13 years experience in the securities
industry and has served in various senior capacities with Mayban Securities, Phileo Peregrine,
CIMB Securities, Kezan Securities and Hwang DBS Securities as well as Head of Research for
Yamaichi Securities.
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Nazaiful Affendi Zainal Abidin [NAZ]
(Investment Analyst, Metrowangsa Asset Management)
Nazaiful is a graduate of IIUM (International Islamic University Malaysia), and initially
joined Metrowangsa Asset Management as a Research analyst in July 1997, about the same time
when the company first started. Due to the company's emphasis on global research and markets,
he was assigned to cover and track the European market. Currently, Mr. Nazaiful is one of the
senior advisors in the advisory arm of Kumpulan Metrowngsa.
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PankajKumar a/l Bipinchandra [PKB]
(Senior Investment Analyst, OSK Research)
A graduate from the School of Accountancy of University of
Malaya in 1990, Pankaj started
his career in a trading company. He joined OSK Research in 1996 as an Investment Analyst
covering the plantation sector. Later, his expanded his stock coverage to include the power
and insurance sector and presently covers about 14 stocks in the utilities and gaming
sector.
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MODERATORS:
Por Yong Liang [PYL]
(Chief Content Officer, zoomFinance.com)
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Steven Poh [SP]
(CEO, I-2Media Sdn Bhd)
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Below are excerpts of the
discussion
Click here for the full transcript.
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