Financial Roundup: Apr 30, 2015

On tax e-filing, petrol (gas prices), equities, forex & global investment cycle.
[Update: Petrol prices no increase on May 1, 2015]

lhdn

Tax
– e-Filing for BE extended to May 15 (source: hasil.gov.my)

Petrol
– Expected price increase in tandem with global oil prices
– Estimated savings of up to RM5 if you filled up full tank before midnight
Shares
– Asian markets positive growth (especially Taiwan & Shanghai Composite index) after Chinese Central bank announced reduced reserve requirements to stimulate economy.
– SEA markets more mixed
– Malaysia P/E ratio at 17.1x above 10yr avg P/E ratio if 15.6x
Forex
– RM strengthened to RM3.58 vs USD reflecting investor sentiments from upcoming rate hike & mild increase in crude oil prices
– Fed expected raise base lending rates in Oct
– Believe Fed prefer slightly weaker USD to spur exports & inflate imports
– RM forecasted remain between 3.45-3.70/USD (midpoint 3.50)
Global Economic Cycle
– Appear to be at timing before the start of economic slowdown as share market valuations largely ok
– May take a while (even years) before really enters global economic slowdown
– Investing may be selective good opportunities depending on market country & individual investment picks

MyPF
Follow Us

MyPF

Admin at MyPF
Helping you to simplify and grow your Personal Finances.

Follow MyPF.my to get the latest Personal Finances updates and insights!
MyPF
Follow Us
MyPF

MyPF

Helping you to simplify and grow your Personal Finances. Follow MyPF.my to get the latest Personal Finances updates and insights!

Leave a Reply

Your email address will not be published. Required fields are marked *

MyPF.my