From Thomson Financial News, it stated that Citigroup (NYSE:C) said Monday it expects Malaysia to call an early election and predicted that its stock market will rally if that happens.
Economist Chua Hak Bin said 'Prime Minister (Abdullah Ahmad) Badawi will likely call early elections, possibly by December this year or early next year, to capitalize on improving economic sentiment and recent by-election successes,''
From the historical analysis, the KLCI (Kuala Lumpur Composite Index) has risen an average 6.2 percent in the 3 months leading up to an election, and gained by the same margin in the 3 months after elections.
Another good point is Malaysia's economic performance under our "honored" Abdullah Badawi's stewardship has been "good all this while,' GDP growth with average 6% and inflation well contained at 3%, the analysts forecast pegging Malaysia ringgit at 3.30 ringgit per dollar by end 2008.
What is your finding on this?
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