BT's strongest recommendations are as follows:
• Prepare for rising inflation – continue to buy Gold & long Crude Oil;
• Sell government bonds;
• Look for valued strong stocks – Oil & Gas / Plantations are two sectorial examples, and in constructions we like IJM & YTL. Property picks are UEMLand Mah Sing. Infrastructure YTL Power & Puncak.
• Deploy cash wisely – our current favourites are, believe it or not, the British pound; the yen is weakening, but at 100 yen and below to the dollar it is a buy again. MYR is a longtermterm BUY consideration.
• Avoid the US dollar and the Euro.