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Weekly report: Slow Start
January 13, 2015 09:06

JCI performance was still relatively weak, mainly on the back of unfavourable macro announcement. Government revised budget will be the next catalyst for the market, especially in relation with its infrastructure budget. We expect parliament approval on the revised budget in February. Risk of high inflation is still persist given January seasonally high inflation, although it will only be short lived. An improvement on macro will lead to currency strengthening towards year end. Read More