Skip to content

Monopolies to suffer in the event of unlikely Pakatan win, says Maybank

April 4, 2013

By Zurairi AR (TMI)
April 04, 2013

KUALA LUMPUR, April 4 – Monopolies in communications, essential foods, pharmaceuticals, and civil aviations will be most affected by a Pakatan Rakyat (PR) win in Election 2013, a research house said today.

Maybank Investment Bank (IB) Research came up with three possible outcomes for Election 2013 in its daily report today, and a win by PR was in none of them.

“In the unlikely outcome of a PR win, we expect the market’s immediate reaction to be negative,” the report said here.

Basing their prediction on the PR’s manifesto launched in February, Maybank IB also predicted that a PR win will affect independent power producers (IPPs) as the pact will restructure arrangements seen as unfair.

Tolled highways will also be affected as a PR government will take over highways to reduce tolls, while the construction, oil and gas sectors will be affected by a review of projects like the mass rapid transit (MRT) and the Refinery And Petrochemical Integrated Development (RAPID).

Maybank IB put a Barisan Nasional (BN) win with a smaller majority as its baseline scenario, while keeping the status quo would be the best-case scenario. The third scenario would be a hung parliament.

File photo shows a busy road in Kuala Lumpur. Maybank Investment Bank (IB) Research says tolled highways will also be affected if PR wins the Federal Government as it will take over highways to reduce tolls, while the construction, oil and gas sectors will be affected by a review of projects.“The other outcomes apart from the above – BN securing a larger majority or regaining a two-thirds majority, or PR winning the 13th general elections with a simple majority – would be a major surprise, in our opinion,” said the report here.

According to the report, Malaysian equities will recover if BN wins, but the result will depend on the strength of its win. A hung parliament however will result in the market stagnating over concerns of the political situation and policies continuity.

Maybank IB claimed that the outcome of the elections is practically unpredictable, due to fluid political developments and the increase of new voters, including those who are still undecided.

“Predicting the outcome of 13GE has become an occupational hazard of sorts for political analysts,” the report said.

This comes as Bank Islam chief economist Azrul Azwar Ahmad Tajudin was suspended after he predicted a narrow PR win in Election 2013 by Pakatan Rakyat (PR) as the most likely out of three possible scenarios.

Malaysia has been bracing for the polls since last year, as Prime Minister Datuk Seri Najib Razak leads the ruling coalition Barisan Nasional (BN) for the first time against a bigger, stronger, and probably the most united opposition force to date.

Parliament was dissolved yesterday and state assemblies have followed suit, paving the way for the 13th general elections which is expected to be held by May 28.

Advertisements
2 Comments leave one →
  1. sabah arise ! permalink
    April 5, 2013 2:41 am

    Can those clowns please STOP this stupid joke…..that if opposition wins there will be malapetaka – horrible disaster,failed economy,civil war,terrible destruction,deep bankruptcy,untold sufferings, super hyperinflation, great faminei,end times etc ! Not a single country in the world had experienced such a thing when govt. was changed since mankind civilisation began.Don’t make us look anymore stupid to the outside world becoz already outsiders are laughing their butt out on us Msians.

  2. April 5, 2013 12:21 pm

    but i like to see changes (pinch / kick) in the current ‘monopolies’ who tend to b quite complacent or take the ‘tidak apa/kisah’ attitude or ‘i’m 1st, so, i’m always right’ attitude as long it’s done right (not the wrong thing right, the right thing wrong), transparently, clean.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: