CIMB: Malaysian market volatility to remain low as Asia seeks ECB cue
KUALA LUMPUR (June 14): Focus in Asia is increasingly shifting to Europe from the U.S., where political concerns pose a challenge to the ECB’s plan to conclude its asset-purchase program, says Ray Choy, head treasury strategist at CIMB Bank in Kuala Lumpur.
* Asia’s fundamentals remain sound despite the recent volatility in EM that was fueled by seasonal summer selling and developments in Turkey. In the region, CIMB expects volatility in Malaysian markets to remain low and it’s watching Thailand for a possible shift to a more hawkish policy
KUALA LUMPUR: Kossan Rubber Industries Bhd posted 2.5% lower Q2 net profit of RM44.7mil as compared to RM45.84mil in the previous corresponding quarter due to an increase in costs and a less favourable exchange rate in the gloves division.