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Haha, JP Morgan is looking to re-channel, to reallocate their global funds to more vibrant Asia market when compared to highly over-valued US stocks.
JP knows where the pots of gold are available in KLSE but not willing and ready to pay market price.
Free market economy is determined by the free market forces of demand and supply at play.
The Malaysian rubber gloves manufacturers' stock prices from Top Glove, Hartalega, Kossan and Supermax Corp Bhd etc. have been determined by free market.
Free stock market forces so far have freely traded and have determined where the level of stock prices are for these rubber glove makers.
JP Morgan's words alone can speculate but too hollow to recalibrate what the market prices should be.
The trading and investing community at KLSE are the true generating forces for the stock prices.
JP, good try and good luck!
panic traders already out of glove and chasing high on banking and o&g counters since early November. the volumes had been low and yet price fluctuations were high. it s all IBs game now.
