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The banking and investment industry has a crucial role
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Feng Shui 2014: Real Estate, Construction Seen Booming; Water, Shipping,
Banking, Oil Sectors Strong
Lilian Too, a famous practicing feng shui
master and former banker, sees real estate
and construction as the two most bullish
sectors for the Lunar Year of the Horse.
She also predicts that O&G, property,
water, shipping and banking sectors will
do well in the new lunar year, which starts
on January 31. The worst performing
sectors under her feng shui reading are
wood-based sectors, including timber and
plantations.
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These predictions of Lilian Too were made
at the CIMB’s Corporation Day. CIMB
Research said there are many similarities
between Too’s predictions. It highlighted
that Too is very bullish about the stock
market. Her reading for 2014 is that the
stock market will enjoy a bullish run and
peak in the summer, whole sectors that
will do well coincide with the Economic
Transformation Programme (ETP) sector
picks.
In addition to O&G, construction and
property, the water, shipping and banking
sectors will also do well. CIMB Research
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noted that its KLCI target for 2030 points
that 2014 is one of the highest among
securities analysts. While CIMB is bullish
on construction and real estate, as well
as oil and gas sectors, it is neutral on the
plantation sector.
The only sectors where the views diverge
are perhaps timber, which is wood-based
which they believe will benefit companies
from higher log producer and rising
plywood prices. CIMB said it also likes
selective smaller cap stocks due to their
attractive valuatio.
The research house advises investors to
stick with the ETP beneficiaries this year
as they will continue to gain from positive
news flow during the year. Their top
three picks a