Can't resist myself by buying back IOICORP at RM5.80 this morning which i disposed at RM7.15 some months back. Market condition is definitely still in the loom of downtrend due to many factors. Same strategy buying in in stages and keep very long term, this is the approach i am adopting. Happy to see that PBBANK is declaring 30sen dividend again with it 13% increase in profit. It may be tough in coming second half of 2008 in which economy may be slowing down due to global oil price hike, US recession, high inflation rate (abt 6-7%) and political uncertainty. I foresee that market will be drifting down further and the impending increase of interest rate by BNM will be a concerned where, by how many basis points will they implementing ? If it marginal say 25 basis points, i think the impact will not be that great to the market. Hope that this can be carried out in a proper and planned manner compare to increase steep oil price in a sudden without proper planning of curbing inflation by our government.
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