RHB Equity 360° - 23 August 2010 (Market, MISC, WCT, HSL, Maybank, Affin, AFG, UMW, Parkson, Suncity; Technical: Pos, Affin)

Market Update
- The recent stronger-than-expected GDP growth has led to expectations of another interest rate hike. The RM has already moved ahead of expectations, and is currently hovering at RM3.14/US$, up 1.7% over the last month, and up by 7.7% vs. end of 2009. We believe the RM will hover within RM3.10-3.20/US$ through the remainder of 2010 (vs. our previous assumption of RM3.20-3.30).

RHB Equity 360° - 23 August 2010 (Market, MISC, WCT, HSL, Maybank, Affin, AFG, UMW, Parkson, Suncity; Techn...