“The 10 percent gain may look modest, but don’t forget that Malaysian stocks yield around 5 percent. That means you could be looking at total gain of 15 percent, which is pretty decent,” said Wong.
Tuesday, June 28, 2011
Stocks to Rally 50% on Growing Capex
Malaysia grabbed headlines late last week when it announced an oil and gas project worth $20 billion in the southern state of Johor. State-run oil major Petronas [PNAGF Unavailable ()
] will build an integrated refinery and petrochemical complex and raise the country's total refining capacity to almost 1 million barrels per day.
“The 10 percent gain may look modest, but don’t forget that Malaysian stocks yield around 5 percent. That means you could be looking at total gain of 15 percent, which is pretty decent,” said Wong.
“The 10 percent gain may look modest, but don’t forget that Malaysian stocks yield around 5 percent. That means you could be looking at total gain of 15 percent, which is pretty decent,” said Wong.
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Hi, wish you a good day ahead.
P/S: Clicked your ads. =P
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