It’s not hard to understand the world’s enthusiasm for U.S. investments. No other international financial market comes close to the size, accessibility, transparency and liquidity of U.S. stock markets.
Below are 3 main reasons why you should invest or trade in US Stock Market.
1. U.S. Markets are Better Capitalized
The U.S. stock markets represent the biggest single concentration of wealth in history. In terms of market capitalization, no other financial market comes close to the combined U.S. stock markets. As of the end of 2009, the market capitalization of the NYSE was valued at US11.84 trillion.
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OCBC is upgrading their existing titanium credit card to offer an excellent cash rebate on all transaction made. The highest cash rebate is 5% based on spending made on petrol, grocery, bills and dining. On other transaction, they offering 1% rebate.
On top of cash rebate, they also offer sign-up offers such as 0% interest, 0% balance transfer and no annual fee for first year. For subsequent years annual fees will be waive with 12 times transaction on previous year.
OCBC also may pay your annual RM50 government service tax is you spend more than RM10,000 per year.
Below are the details on OCBC Titanium Credit Card
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Citibank launched a new overdraft facility called Citibank Ready Credit (CRC). It is a personal overdraft facility without collaterals targeting at working professionals aged between 24 to 55 with an annual income of a minimum RM24,000.
The Citibank Ready Credit is a “pay-as-you-use” overdraft facility with credit line between RM5,000 and RM120,000. Depending on individual profile, the interest rate is between 12 per cent to 18 per cent a year. For comparison credit card interest rate is fixed at a maximum of 18 per cent a year.
With a personalised Visa debit automated teller machine card and cheque book, the product allows access to instant cash and no cash advance fee is imposed.
Below are the benefits of Citibank Ready Credit (CRC)
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World Bank recently published a new report regarding the easiest country to do business in the world. A high ranking on the ease of doing business index means the regulatory environment is more conducive to start and operate a local firm.
This index averages the country’s percentile rankings on 9 topics, made up of a variety of indicators, giving equal weight to each topic. The rankings are from the Doing Business 2011 report, covering the period June 2009 through May 2010.
Malaysia ranked at position 21st, up 2 position from 23rd in 2010. Malaysia showed improvements in its online procedures for starting a business, speedy registration of properties and notable ease in tax procedures especially with the introduction of online tax submissions.
Earlier this year, Malaysia also made a significant leap in its IMD World Competitiveness Yearbook, moving up eight places and becoming the 10th most competitive nation in the world.
The table below are the rank of the top 30 countries.
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We are of the view that the LRT extension job could be awarded soon, possibly by year end. We have identified several locations where site clearing is now in progress. Our channel checks indicate that there will only be 2 main packages for civil works collectively worth RM2bn.
As such, we expect the momentum of positive news within the sector to accelerate in the coming months and rerate our valuations upwards. Maintain OVERWEIGHT on construction.
Below are the target price for construction sector.
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