Author Topic: KLSE starting to collapse  (Read 527335 times)

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Re: KLSE starting to collapse
« Reply #9950 on: July 02, 2018, 12:45:12 PM »
“In the near term, there is no need to be invested,” said Ching Weng Jin, head of research, Public Investment Bank. “We need more clarity on the local fiscal side for a fresh set of funds to enter.’’

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Re: KLSE starting to collapse
« Reply #9951 on: July 02, 2018, 12:46:26 PM »
KUALA LUMPUR: Bursa Malaysia started the start quarter on Monday on a firmer note, with Tenaga Nasional continuing to power the blue chips higher but whether the market can hold on to the gains remains to be seen due to the growing US-China trade tensions and profit taking after the surge last Friday.

At 9.02am, the FBM KLCI was up 3.43 points or 0.2% to 1,694.84. Turnover was 44.29 million shares valued at RM24.47mil. There were 100 gainers, 69 losers and 127 counters unchanged.

Last Friday, stock market data showed foreign funds turned net buyers after 37 days, with net buying at RM259.4mil.

Asian shares were subdued early Monday ahead of a week packed with major economic events, while the euro was briefly shaken by signs a German political deal on immigration might be in trouble, Reuters reported.

Japan's Nikkei dipped 0.2%, with a survey of manufacturers showing sentiment had darkened a shade in the face of trade war threats. MSCI's broadest index of Asia-Pacific shares outside Japan was a fraction firmer in early trade.

Tension is growing ahead of a July 6 deadline when the US and China are due to impose US$34bil of tariffs on their respective imports.

On the outlook for Bursa Malaysia, Kenanga Research cautioned that despite last Friday’s gain, the chart lacks a strong sign of a trend reversal.

“Should market sentiment continue improving, the index may head back higher towards 1,720 (R1) where a break above it will be a strong sign of a trend reversal as the next resistance is identified at 1,760 (R2).

“Conversely, immediate supports can be identified at 1,680 (S1) and 1,620 (S2),” it said.

Tenaga rose 20 sen to RM14.84 while CIMB added 10 sen to RM5.55. Aeon Credit gained 26 sen to RM14.66, Westports 16 sen to RM3.55 and Cypark eight sen higher at RM2.37.

Petronas Dagangan fell 36 sen to RM24.40 with 100 shares done, Public Bank shed 15 sen to RM23.30, Press Metal 12 sen to RM4.24.

Pavillion REIT lost 24 sen to RM1.54, SP Setia 10 sen to R<3 and Sunway REIT was eight sen lower at RM1.69.

MPI lost 18 sen to RM10.06 and Lafarge 14 sen to RM2.96 while Sapura energy was the most active with 100 million shares done, down one sen to 63 sen.
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Re: KLSE starting to collapse
« Reply #9952 on: July 02, 2018, 12:48:41 PM »
However, Goldman Sachs, Morgan Stanley and Citigroup have warned of more pain to come, and those that are more bullish like UBS Global Wealth Management, are waiting for the trade rancour to die down.

Regional markets have fallen more than Malaysia’s which then becomes comparatively less appealing.

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Re: KLSE starting to collapse
« Reply #9953 on: July 02, 2018, 12:51:28 PM »
KUALA LUMPUR: Bursa Malaysia started the start quarter on Monday on a firmer note, with Tenaga Nasional continuing to power the blue chips higher but whether the market can hold on to the gains remains to be seen due to the growing US-China trade tensions and profit taking after the surge last Friday.

At 9.02am, the FBM KLCI was up 3.43 points or 0.2% to 1,694.84. Turnover was 44.29 million shares valued at RM24.47mil. There were 100 gainers, 69 losers and 127 counters unchanged.

Last Friday, stock market data showed foreign funds turned net buyers after 37 days, with net buying at RM259.4mil.

Asian shares were subdued early Monday ahead of a week packed with major economic events, while the euro was briefly shaken by signs a German political deal on immigration might be in trouble, Reuters reported.

Japan's Nikkei dipped 0.2%, with a survey of manufacturers showing sentiment had darkened a shade in the face of trade war threats. MSCI's broadest index of Asia-Pacific shares outside Japan was a fraction firmer in early trade.

Tension is growing ahead of a July 6 deadline when the US and China are due to impose US$34bil of tariffs on their respective imports.

On the outlook for Bursa Malaysia, Kenanga Research cautioned that despite last Friday’s gain, the chart lacks a strong sign of a trend reversal.

“Should market sentiment continue improving, the index may head back higher towards 1,720 (R1) where a break above it will be a strong sign of a trend reversal as the next resistance is identified at 1,760 (R2).

“Conversely, immediate supports can be identified at 1,680 (S1) and 1,620 (S2),” it said.

Tenaga rose 20 sen to RM14.84 while CIMB added 10 sen to RM5.55. Aeon Credit gained 26 sen to RM14.66, Westports 16 sen to RM3.55 and Cypark eight sen higher at RM2.37.

Petronas Dagangan fell 36 sen to RM24.40 with 100 shares done, Public Bank shed 15 sen to RM23.30, Press Metal 12 sen to RM4.24.

Pavillion REIT lost 24 sen to RM1.54, SP Setia 10 sen to R<3 and Sunway REIT was eight sen lower at RM1.69.

MPI lost 18 sen to RM10.06 and Lafarge 14 sen to RM2.96 while Sapura energy was the most active with 100 million shares done, down one sen to 63 sen.

Now, Tenaga oredi got no power ! In the RED now !  :D :D :D

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Re: KLSE starting to collapse
« Reply #9954 on: July 02, 2018, 01:01:04 PM »
(吉隆坡2日讯)大马股市今日早上开盘开高走低,富时综合指数开盘扬升3.43点至1694.93点,但是在套利活动的打击下,马股很快就止升下挫。

截至早上9点19分,富时综合指数报1694.93点,跌1.51点。

一位交易商表示,虽然马股在上周五(6月29日)强劲反弹25.82点,但是这是因为上半年的橱窗粉饰活动所致,技术成面而言,马股仍黯淡。

场内的下跌股有146只,上升股165只,平盘股184只;成交量达1亿6447万股,总值9914万令吉。

蓝筹股方面,马银行下跌7仙,挂8令吉93仙;大众银行跌24仙,报23令吉12仙;国油化学挂8令吉33仙,跌8仙。

国能升16仙,报14令吉80仙;联昌集团升4仙,挂5令吉49仙。

热门股方面,大红花石油升1.5仙,挂9仙;MyEG服务升半仙,挂97仙;GSB集团跌1仙,挂21仙。荣腾科技和沙布拉能源股价没有起落,分别挂13.5仙和64仙。
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Re: KLSE starting to collapse
« Reply #9955 on: July 02, 2018, 02:46:04 PM »
-9.12  :thumbsup:
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Re: KLSE starting to collapse
« Reply #9956 on: July 02, 2018, 02:49:16 PM »
-8.50
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Re: KLSE starting to collapse
« Reply #9957 on: July 02, 2018, 04:36:19 PM »
AZRB is A Rare Bumi Co. With Class A Standard. Many Govt Projects have been awarded to AZRB over the years. So AZRB will last a long long time.

 But The Amazing Things about AZRB is its All Encompassing Businesses! Covering from A to Z!

 1) Construction & Engineering.

 As of now AZRB Already secured Putrajaya & Langat 2 for RM483 Mil project.


 2) OIL & GAS CONTRACTS WITH PETRONAS

 This lucrative contract supplying diesel oil to offshore platforms have been making good money. George Kent went Limit Up at the news of O & G Venture.

 3) OIL PALM CULTIVATION/

INSIDER TRYING TO RUN
AZRB DEBT/EQUITY IS 500% ANY TIME capital reduction coming
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

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Re: KLSE starting to collapse
« Reply #9958 on: July 02, 2018, 05:34:27 PM »
-6.45 only  :phew:
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Re: KLSE starting to collapse
« Reply #9959 on: July 02, 2018, 07:44:03 PM »
july 2th,2018 6pm
ffund continue to dump KLSE shares
dow future down 150points
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

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Re: KLSE starting to collapse
« Reply #9960 on: July 02, 2018, 08:34:51 PM »
one objective glance at $STI Singapore Straight Time index show the last few weeks movement is no longer obeying the trend started from Feb 2016.
to simply put, the uptrend is violated or the game is over
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

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Re: KLSE starting to collapse
« Reply #9961 on: July 02, 2018, 08:45:18 PM »
one objective glance at $STI Singapore Straight Time index show the last few weeks movement is no longer obeying the trend started from Feb 2016.
to simply put, the uptrend is violated or the game is over

US SPX sill holding the uptrend since Feb 2016
but already sitting on that very important support line.
Any accidents or war  next few days will easily cause mkt  break down  and spark selling frenzy
"The only conquests which are permanent and leave no regrets are our conquests over ourselves"    Quote from Napolean Bonaparte

Politicians like to rally the masses to stage conquest  against "the enemy",  the real intent is  actually...$ $

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Re: KLSE starting to collapse
« Reply #9962 on: July 02, 2018, 09:51:36 PM »
Countries like Malaysia could face the risk of a contagion effect from emerging market (EM) crisis due to the high level of debt despite not operating under the environment of “twin deficit”.

AmBank Group chief economist Dr Anthony Dass said on Monday the risk of a contagion effect was premised on the country’s Exchange Rate Market Pressure Index (ERMPI) sitting between 1 and 2 standard deviation (SD).

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Re: KLSE starting to collapse
« Reply #9963 on: July 03, 2018, 06:44:10 AM »
 KUALA LUMPUR: Foreign funds withdrawn a total of RM6.82bil from the local stock market in the first six months of 2018, according to MIDF Research.


“For the month of June, the amount of net outflows from Malaysia reached RM4.93bil. This brings the 1H18 cumulative outflow in 2018 to RM6.82bil net, offsetting more than half of last

year’s total net inflow of RM10.33bil,” MIDF said in its weekly fund flow report. 


“Nonetheless, Malaysia still has the second lowest outflow amongst the four Asean markets we monitor after the Philippines on a year-to-date basis,” it added.


For the week ended June 29, Bursa Malaysia continued to experience its ninth week of foreign attrition albeit at a slower pace, mirroring markets elsewhere in Asia.


“Based on preliminary data from Bursa which excluded off market deals, the amount disposed by foreign investors last week retreated below RM1b to RM705.4mil net,” MIDF said.


The research house noted that offshore investors were net sellers from Monday to Thursday with none of the days recording attrition above RM300mil net.


Monday had the highest net outflow during the week of RM291.4mil as the escalating trade dispute between the U.S and China stoked risk aversion.


MIDF said despite foreign selling activity slowing down to a tune of RM206.1mil net later on Thursday, the FBM KLCI dropped further to 1,665.68 points, the lowest close since January 2017.



This was mainly due to the the slump in Wall Street overnight spurred by the comments by President Trump’s economic adviser, Larry Kudlow on the U.S’s hard line on trade in spite of President Trump’s softer stance.


For the first time in 37 days, foreign investors mopped up a total of RM259.4mil net on Friday, snapping a long episode of foreign attrition amidst window dressing activities.


MIDF said participation levels of foreigners, retailers and local institutions experienced a weekly dip.


Still, it said the activity levels were still deemed healthy as the average daily trade value (ADTV) was still above RM800mil for retailers,RM2bil for local institutions and RM1bil for foreign investors.



   
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Re: KLSE starting to collapse
« Reply #9964 on: July 03, 2018, 06:44:32 AM »
KUALA LUMPUR: CIMB Equities Research is retaining its Hold call for Tenaga Nasional at RM16.70 although the uncertainty arising from the continuity of the imbalance cost pass through
(ICPT) has eased. The last traded price was RM14.64.

The research house had on Monday expressed concerns that firstly, the amount in Kumpulan Wang Industry Elektrik (KWIE) remains unknown and may not be able to fund the next ICPT surcharge for domestic customers.

Secondly, the coal price was still stubbornly high at an average of US$97 a tonne (Indonesian coal benchmark price), and thirdly, earnings risks persist given that stable regulated earnings may not be able to offset the earnings downside from the expected step-up in tax rate due to a reduction in reinvestment allowance.

Last Friday, , the Energy Commission (EC) announced that the Malaysian government has approved the continued implementation of the ICPT mechanism for July 1 to Dec31, 2018.

The average base tariff is unchanged at 39.45 sen/kWh. The ICPT implementation is only applicable in Peninsular Malaysia whereas the implementation of incentive-based regulation (IBR) in Sabah and Labuan was postponed to Jan 1, 2019.

CIMB Research said due to the higher fuel and generation costs for January to June 2018, (average coal price of US$92 a tonne vs. the estimated coal price of US$75 under regulatory
period 2, RP2), the additional cost of RM698mil or a 1.35 sen/kWh ICPT surcharge will be passed through via ICPT for the period of July to Dec 31, 2018. The ICPT rebate of 1.52
sen/kWh for the previous period ended on Saturday.

For industrial and commercial customers, the ICPT surcharge of 1.35 sen will be applicable. The electricity bill for commercial and industrial customers will likely trend slightly higher after the ICPT surcharge, even after factoring in the 0% GST impact.

Excluding the GST factor (assuming GST remains at 6%), the non-domestic electricity cost should increase by an average 6-8%.

“We leave our forecasts unchanged as the impact of ICPT implementation is neutral on Tenaga and will not affect its business operations and financial position.

“While the ICPT announcement for July to December 2018 is a relief to investors, we see near-term risks as the post of the Minister of Energy, Green Technology and Water (KeTTHA) is still vacant. There could be changes in regulations and policies once the new minister is sworn in,” it said.
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Re: KLSE starting to collapse
« Reply #9965 on: July 03, 2018, 06:45:22 AM »
“In the near term, there is no need to be invested,” said Ching Weng Jin, head of research, Public Investment Bank. “We need more clarity on the local fiscal side for a fresh set of funds to enter.’’

That's why we say lari kuat kuat  :thumbsup:
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Re: KLSE starting to collapse
« Reply #9966 on: July 03, 2018, 06:45:46 AM »
KUALA LUMPUR (July 2): The FBM KLCI got off to a subdued start for the second half of 2018 as it dipped in early trade following the release of data showing business conditions across Malaysia’s manufacturing sector deteriorating albeit at a slower pace in June.

Released this morning, the headline purchasing managers’ index (PMI) registered below the neutral 50.0 threshold during June, but rose from 47.6 in May to 49.5.

At 9.05am, the FBM KLCI fell 2.77 points to 1,688.73.

The early decliners included Hong Leong Financial Group Bhd, Petronas Dagangan  Bhd, Pavilion REIT, Public Bank Bhd, Malaysian Pacific Industries Bhd, Lafarge Malaysia Bhd, Press Metal Aluminium Holdings Bhd and SP Setia Bhd.

Asian shares were subdued early Monday ahead of a week packed with major economic events, while the euro was briefly shaken by signs a German political deal on immigration might be in trouble. Oil prices also took an early spill in the wake of President Donald Trump's tweet that Saudi Arabia had agreed to lift oil production by "maybe up to 2,000,000 barrels". The missive was later downplayed by the White House and Saudi Press Agency, according to Reuters.

Brent crude was down 78 cents at $78.45 a barrel, while U.S. crude fell 69 cents to $73.46. The pullback was modest given U.S. crude rallied more than 8 percent last week, while Brent gained more than 5 percent, it said.

JF Apex Securities Research in a market preview said US markets rose on Friday but came off intra-day high due to lingering concern on the US-China trade war.

It said that earlier, European stocks climb following higher oil prices and EU leaders agreed on a migration deal.

“On the local market, the FBM KLCI surged 25.82 points to 1691.50 points following window dressing.

“We expect profit taking to kick in with support at 1665 points,” it said.
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Re: KLSE starting to collapse
« Reply #9967 on: July 03, 2018, 06:46:17 AM »
KUALA LUMPUR: The FBM KLCI’s worst quarterly performance since 2011 has dragged its performance for the first half of 2018 (1H18) into the red with a decline of 5.9% year to date. The benchmark index fell by 9.23% in the second quarter (2Q) of this year as uncertainties sparked large outflows among foreign investors following the country’s 14th general election that saw a change in government for the first time since independence.

Nonetheless, despite the decline, Rakuten Trade Sdn Bhd head of research Kenny Yee told The Edge Financial Daily that the second half could see the FBM KLCI rebounding as the selldown is deemed to be overdone.

“Index-related counters are ripe for pickings following the recent selldown,” Yee said.

Yee’s view is supported by the consensus target prices (TPs) for the component stocks of the FBM KLCI. The index component stocks have an average potential return of 11.3% over the next 12 months, according to Bloomberg data. Only four component stocks have lower TPs than their last closing prices while only one is not tracked by analysts.

Axiata Group Bhd, Telekom Malaysia Bhd and Genting Bhd are the top three companies with the highest potential returns of 43.98%, 36.82% and 36.10% respectively. Hap Seng Consolidated Bhd is not tracked by any analyst while Nestle (Malaysia) Bhd, Hartalega Holdings Bhd, KLCCP Stapled Group and PPB Group Bhd appeared to be trading above analysts’ average TPs.

It is also worth noting that preliminary trading data last Friday showed that net buying emerged among foreign investors for the first time since May 2, bringing the foreign fund outflow to a halt after 37 consecutive days of selling.

However, not everyone is convinced especially with so much uncertainties still on the horizon.

“I think what we are seeing now is the window-dressing activities for the first half of the year. It’s not something that is sustainable especially given the environment that we are in today,” an analyst said.

He added that the uncertainties are coming from both domestic and external fronts.

“If you look internally, we need to look at what the new government will propose. It’ll be the first 100 days since they took office soon and Pakatan Harapan will be under immense pressure to fulfil most of its promises during the election campaign. There is also the introduction of SST (sales and services tax), the revised budget 2018 and budget 2019. Let’s not forget about the removal of some of the management teams at some of the GLCs (government-linked companies). All of these create uncertainties and the market dislikes that,” he said.

On the external front, he pointed to the escalation of trade tension between the US and China as well as other developed economies such as the European Union as a concern.

“We’ll see the implementation of the trade tariffs on July 6. While the market has started to price in some of these impact from the trade tariffs, a full-blown trade war could see a sharper decline in the market,” he said.

Loui Low, head of retail research at Hong Leong Investment Bank, also agreed that it is too early to expect a rebound in the market as the current development remains mildly negative for the stock market.

“We believe that recovery should be seen in the fourth quarter as there are still a lot of uncertainties in the third quarter,” Low said.

He added that foreign funds have been selling the market consistently since May 2 with a total of RM10.79 billion sold off as at last Thursday. While he agreed that consensus TPs indicate potential upside, Low pointed out that there have been more downgrades recently and there is a risk that this trend may continue into the third quarter.
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Re: KLSE starting to collapse
« Reply #9968 on: July 03, 2018, 06:46:38 AM »
KUALA LUMPUR: The telecommunications industry is facing “severe” challenges today as unlimited data offering limits profitability while increasing traffic requires operators (telcos) to incur higher operating and capital expenditure (opex and capex) to ensure smooth service, China Telecom Corp Ltd president Liu Aili observed.

In his keynote address at GSM Association’s (GSMA) Mobile World Congress Shanghai 2018 last week, Liu said market saturation made the situation worst.

“Our future is bright, but as we aspire to build a bright future, we have to examine the current situation, which is filled with severe challenges. In the latest survey, we (China) have 1.4 billion population, but with 1.5 billion subscribers. This is an era where everybody owns a mobile phone, which means the market is saturated,” he pointed out.

“In such a situation, every time a subscriber switches telecommunication service provider (telco), the industrial value would decrease. In other words, the average revenue per user (Arpu) that telco could get from this user may fall from 100 to 80 yuan, and the third telco that attracts this subscriber might be left with just 66 yuan of arpu,” he said.

In Malaysia, market saturation is even higher than China’s. Malaysian Communications and Multimedia Commission data show that mobile-cellular penetration rates fell to 132.9% as at the first quarter of this year, from 134% in the previous corresponding quarter, but rose from 131.2% as at end-2017.

Liu said while most telcos’ annual reports might indicate there are still growth in future, these growth could be mainly driven by dual-sim or tri-sim subscribers.

“From my perspective, dual-sim subscribers are like people using two bowls to eat one person’s portion of rice. Which means the more competitive the telco industry gets, the industrial value ends up falling bigger and faster,” he said.

“On top of that, let’s look at data traffic, this is the key factor that drives industry growth. It is almost the same be it in China or the rest of world. From what we see today, unlimited data traffic offering that comes with data sharing led to three to five times of annual growth in data traffic. But in the meantime, it also resulted in growing opex and capex,” he said.

“Looks like the telco industry is very miserable now, but we are still very confident of the future. This is because digital economy is playing an increasingly important role in the global economy,” he said.

Liu said the proportion of digital economy in China’s gross domestic product (GDP) has been increasing over the past decade, from 15.2% in 2008 to 32.9% in 2017, while China’s contribution to world economy rose from 20% to 34% over the same period.

“A telco needs to expedite digital transformation and develop into a comprehensive intelligent information service operator. Just like AT&T Inc transforming themselves into TMT (technology, media and entertainment, and telecommunications),” he said, referring to how AT&T had, earlier this month, completed the acquisition of Time Warner.

The US$85 billion (RM343.4 billion) deal puts the many massive media properties owned by Time Warner — including HBO, Warner Bros and CNN — under AT&T, one of the US’ largest Internet, TV, and phone service providers.

“The telecoms industry has become a foundational, strategic and guiding industry; it is becoming a catalyst, adhesive and propellant to digital economy. In future, it will certainly become a multiplier to economic growth, disruptor to development norms, and booster to industrial upgrades,” Liu added.

Meanwhile, GSMA director-general Mats Granryd said mobile cellular will continue to be an important driver of growth across the region.

“Last year, the Asia-Pacific (Apac) mobile industry generated US$1.5 trillion in economic value – equivalent to 5.4% of (the region’s) GDP, and by 2022, this contribution will reach US$1.8 trillion. Across the region, the mobile industry employed more than 17 million men and women last year, directly and indirectly,” he said.

Granryd also said the mobile industry contributed some US$170 billion to public funding in Apac last year, excluding spectrum auctions.

“This vision of intelligent connectivity requires a supportive regulatory environment, one that fosters investment and encourages innovation. Operators across Apac are set to invest nearly US$190 billion in mobile capex between now and 2020. But this investment can only be possible if we have a regulatory framework that is fit for the digital age,” he said.

Granryd stressed the importance of the timely release of harmonised spectrum with the right conditions; policies which ease deployment of next-generation network infrastructure; the application of the same rules for equivalent digital services; and the need to determine appropriate privacy and data protection rules.
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Re: KLSE starting to collapse
« Reply #9969 on: July 03, 2018, 06:47:11 AM »
KUALA LUMPUR (July 2): Foreign investors disposed RM705.4 million of Malaysian equity last week, from RM1.89 billion the prior week, according to MIDF Amanah Investment Bank Bhd Research.

In his weekly fund flow report today, MIDF Research’s Adam M Rahim said while mirroring markets elsewhere in Asia, Bursa continued to experience its ninth week of foreign attrition albeit at a slower pace.

He said offshore investors were net sellers from Monday to Thursday with none of the days recording attrition above RM300 million net.

Adam said Monday had the highest net outflow during the week of RM291.4 million as the escalating trade dispute between the U.S and China stoked risk aversion.

He said despite foreign selling activity slowing down to a tune of RM206.1 million net later on Thursday, the FBM KLCI dropped further to 1,665.68 points, the lowest close since January 2017 following the slump in Wall Street overnight spurred by the comments by President Trump’s economic adviser, Larry Kudlow on the U.S’s hard line on trade in spite of President Trump’s softer stance.

Adam said the tide turned in Friday when foreign investors mopped up RM259.4 million net, snapping a 37-day long episode of foreign attrition amidst window dressing activites.

“The FBM KLCI followed suit to snap its four-day losing streak by closing 1.55% higher that day, the biggest daily gain so far in 2018.

“We note that Friday’s foreign net inflow is in conformity with other regional peers we track namely the Philippines, Thailand and Indonesia,” he said.

Adam said for the month of June, the amount of net outflows from Malaysia reached RM4.93 billion.

He said This brings the 1H18 cumulative outflow in 2018 to RM6.82 billion net, offsetting more than half of last year’s total net inflow of RM10.33 billion.

Nonetheless, he said Malaysia still has the second lowest outflow amongst the 4 ASEAN markets he monitors after the Philippines on a year-to-date basis.

“Participation levels of foreigners, retailers and local institutions experienced a weekly dip.

“Nonetheless,activity levels are still deemed healthy as the average daily trade value (ADTV) is still above RM800 million for retailers, RM2 billion for local institutions and RM1 billion for foreign investors,” he said.
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Re: KLSE starting to collapse
« Reply #9970 on: July 03, 2018, 06:47:31 AM »
KUALA LUMPUR: CIMB Equities Research is retaining its Neutral outlook on banks due to the weak loan growth and expected slower net profit growth in the second half of 2018.

It said on Monday the industry’s loan growth inched up from 4.8% on-year at end-April 2018 to 4.9% on-year at
end-May 18.

“We retain our loan growth forecast of 4%-5% for 2018F. We expect loan growth to improve in the next few months until August as we expect the zero-rating of the Goods and Services Tax (GST) to spur consumer spending and auto sales.

“However, we believe loan growth will contract from September onwards (following the introduction of the Sales and Service Tax or  SST) due to expected weaker demand for business loans,” it said.

It cited there could be uncertainties arising from possible policy changes following the change in government in
May. It maintained its projected loan growth of 4%-5% for 2018F.

CIMB Research said it was slightly negative on the statistics for May due to the weak loan applications/approvals and a marginal deterioration in asset quality.

“We retain our Neutral call on banks due to concerns over (1) weak loan growth despite a possible recovery in June-August, (2) lower margins in 2H18F (vs. 1H18), and (3) expected weaker net profit growth in 2H18F.

“The potential upside/downside risks to our call are improvement/deterioration in loan growth and asset quality. We recently upgraded Maybank from Hold to Add given its more attractive valuations following the drop in share price over the past one to two months,” it said.
 
   
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Re: KLSE starting to collapse
« Reply #9971 on: July 03, 2018, 06:48:07 AM »
KUALA LUMPUR (July 2): The FBM KLCI remained subdued at mid-morning today after data showed business conditions across Malaysia’s manufacturing sector deteriorating albeit at a slower pace in June.

Released this morning, the headline purchasing managers’ index (PMI) registered below the neutral 50.0 threshold during June, but rose from 47.6 in May to 49.5.

At 10am, the FBM KLCI fell 3.02 points to 1,688.48.

Gainers led losers by 230 to 224, while 261 counters traded unchanged. Volume was 379.51 million shares valued at RM222.01 million.

The top losers included Public Bank Bhd, Hong Leong Bank Bhd, Pavilion REIT, Malaysian Pacific Industries Bhd, Lebtech Bhd, Lafarge Malaysia Bhd, Boustead Heavy Industries Corp Bhd, Padini Holdings Bhd and Petronas Danangan Bhd.

The actives included Sapura Energy Bhd, Hibiscus Petroleum Bhd, Advance Synergy Bhd, GSB Group Bhd, TH Heavy Engineering Bhd and Nova MSC Bhd.

The gainers included Fraser & Neave Holdings Bhd, Aeon Credit Service (M) Bhd, British American Tobacco (M) Bhd, Kuala Lumpur Kepong Bhd, DKSH Holdings (M) Bhd, Nestle (M) Bhd, United Plantations Bhd, Supermax Corp Bhd and UMW Holdings Bhd.

Asian shares were subdued Monday ahead of a week packed with major economic events, while Mexico's peso firmed as exit polls pointed to a decisive victory for presidential front-runner Andres Manuel Lopez Obrador's party, according to Reuters.

Dealers said the seemingly clear win would at least settle one source of political uncertainty. Yet leftist Obrador is also expected to inject a dose of nationalism into government and sharpen divisions with U.S. President Donald Trump, it said.

Hong Leong IB Research in a traders’ brief said the Dow rebounded over the past two trading days following a steep decline from the 25,500 level in June.

It said the MACD Line is below zero and the key index is threading below most of the short term moving averages (SMA20, 30 and 50).

“However, the RSI and Stochastic oscillators are recovering from the oversold position.

“We may anticipate further rebound on the Dow, targeting the 25,000 level. On the flip side, the support will be located around 24,000.

“Although FBM KLCI rebounded last Friday, we think the downside risk may persist as trade-related headline will continue to drive the market sentiment the week ahead, as the US is set to impose the 25% tariffs on US$34bn in Chinese products on 6th of July.

“Hence, the FBM KLCI’s upside may be capped over the near term. Nevertheless, O&G stocks are likely to trade higher on the back of steadier crude oil prices,” it said.

 
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Re: KLSE starting to collapse
« Reply #9972 on: July 03, 2018, 06:49:09 AM »
KUALA LUMPUR (July 2): CIMB Investment Bank Bhd expects the country’s loans growth in the banking sector to improve until August 2018, which will be boosted by consumer spending and auto purchase as a result of the zero-rated goods and services tax (GST).

“We expect loan growth to improve in the next few months until August 2018 as the cut in the GST from 6% to 0% in June 2018 could have spurred consumer spending and auto sales,” CIMB's analyst Winson Ng said in a sector note today.

Since assuming power after the 14th general election on May 9, the Ministry of Finance had on May 16 announced that the rate of the highly unpopular GST will zero rate for a period of three months from June to August, and subsequently introduce the Sales & Services Tax (SST) in early September.

Beginning September 2018, CIMB said the loans growth -- one of the country’s key economic indicator -- is expected to contract, as the government rolled-out the sales and services tax, which may result result in weaker demand for business loans.

“We think that loan growth could trend downwards from September 2018 to end-2018 due to weaker credit demand for business loans on the back of uncertainties arising from possible policy changes following the change in government in May 2018,” Ng added.

Still, Ng said CIMB has not changed its forecast of the country’s loans growth this year, which is expected to grow between 4% and 5%.

For now, CIMB is keeping its "Neutral" call on Malaysian banks on concerns over a weaker loan growth despite a possible recovery in June 2018 to August 2018, lower margins and expected weaker net profit growth the second half of 2018.

Last week, Bank Negara Malaysia released the country’s banking statistics, which showed that the banking industry’s loans growth inched up to 4.9% year-on-year at end-May 2018, from 4.8% y-o-y at end-April 2018.

Describing the May figure as “largely stable”, Ng said the loans growth has received a steep boost from small and medium enterprises loans, business loans and household loans.

However, CIMB said that it was disappointed by the loans applications, which fell by 9.2% in May from 20% in April, while loan approvals grew by 0.6% in May as opposed to 21.6% previously.

“There was weakness in the growth of the indicators for major loan segments, i.e. residential mortgages, auto loans and working capital loans,” Ng added, as consumers deferred their purchases in view of the changing tax regime.
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Re: KLSE starting to collapse
« Reply #9973 on: July 03, 2018, 06:49:32 AM »
(吉隆坡2日讯)大马制造业恶化,拖累马股盘中维持低迷。

今早新鲜出炉的大马6月份制造业采购经理人指数(PMI)再次跌破50.0门槛,报49.5,但稍微高于5月份的47.6。

截至早上10点,富时隆综指下滑3.02点,至1688.48点。

上升股230只,下跌股224只,另有261只无起落。成交量3亿7951万股,值2亿2201万令吉。

下跌股包括Public Bank Bhd、Hong Leong Bank Bhd、Pavilion REIT、Malaysian Pacific Industries Bhd、Lebtech Bhd、Lafarge Malaysia Bhd、Boustead Heavy Industries Corp Bhd、Padini Holdings Bhd及Petronas Danangan Bhd。

热门股有Sapura Energy Bhd、Hibiscus Petroleum Bhd、Advance Synergy Bhd、GSB Group Bhd、TH Heavy Engineering Bhd与Nova MSC Bhd。

上升股为Fraser & Neave Holdings Bhd、Aeon Credit Service (M) Bhd、British American Tobacco (M) Bhd、Kuala Lumpur Kepong Bhd、DKSH Holdings (M) Bhd、Nestle (M) Bhd、United Plantations Bhd、Supermax Corp Bhd和UMW Holdings Bhd。

根据路透社报导,亚洲股市周一受压,本周挤满了重大经济事件,而墨西哥比索走强,因出口调查显示总统候选人Andres Manuel Lopez Obrador料将赢得大选。

交易商表示,看似明显的胜利至少将解决其中一个政治不确定性。然而,左派Obrador还预计会向政府注入一定的民族主义,加剧与美国总统Donald Trump的分歧。

丰隆投资银行研究表示:“尽管马股上周五回弹,但我们认为下行风险可能持续,因为贸易相关问题将在未来一周继续推动市场情绪,美国将在7月6日对340亿美元的中国产品征收25%关税。”

“因此,马股的上行空间可能在短期内受到限制。尽管如此,随着原油价格走稳,石油与天然气股项有望走高。”
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Re: KLSE starting to collapse
« Reply #9974 on: July 03, 2018, 06:50:41 AM »
KUALA LUMPUR (July 3): The FBM KLCI is expected to trade range bound today within a tight band, in line with the lower overnight close at most global markets, but could find some encouragement from the positive close at Wall Street.

The worst start to a year for world shares since 2010 continued into the third quarter on Monday, with another slump in Chinese shares and weakening global factory surveys leading global equity markets lower, according to Reuters.

Shanghai’s bear market lurch continued overnight, with losses of up to 3 percent as firms await U.S. tariffs on $34 billion worth of Chinese goods this week, and new business surveys showed some worrying signs of deterioration, it said.

On Wall Street, shares turned positive in late afternoon trading as investors weighed trade concerns against Commerce Department data that showed U.S. construction spending increased more than expected in May. The Dow Jones Industrial Average pared earlier losses and rose 35.77 points, or 0.15 percent, to 24,307.18, while the S&P 500 index gained 8.34 points, or 0.31 percent, to 2,726.71. The technology-heavy Nasdaq Composite gained 57.02 points, or 0.81 percent, to 7,097.82, said Reuters.

Based on corporate announcements and news flow yesterday, companies in focus today may include: Malayan Banking Bhd, Petaling Tin Bhd, Kumpulan Perangsang Selangor Bhd, UMW Holdings Bhd, Computer Forms Malaysia Bhd, Parlo Bhd, Selangor Dredging Bhd, Pasdec Holdings Bhd, Tropicana Corp Bhd and MyEG Services Bhd.
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Re: KLSE starting to collapse
« Reply #9975 on: July 03, 2018, 06:51:25 AM »
KUCHING: Bursa Malaysia Bhd (Bursa Malaysia) continued to experience its ninth week of foreign attrition, analysts observed in a recent fund flow report, mirroring markets elsewhere in Asia.

However, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) pointed out that the ninth week of foreign attrition was at a slower pace.

According to MIDF Research, based on preliminary data from Bursa Malaysia which excluded off market deals, the amount disposed by foreign investors last week retreated below RM1 billion to RM705.4 million net.

“Offshore investors were net sellers from Monday to Thursday with none of the days recording attrition above RM300 million net,” the research arm said.

“Monday had the highest net outflow during the week of RM291.4 million as the escalating trade dispute between the US and China stoked risk aversion.”

MIDF Research noted that despite foreign selling activity slowing down to a tune of RM206.1 million net later on Thursday, the FBM KLCI dropped further to 1,665.68 points.

It further noted that this was the lowest close since January 2017 following the slump in Wall Street overnight spurred by the comments by President Donald Trump’s economic adviser, Larry Kudlow on the US’s hard line on trade in spite of Trump’s softer stance.

“The tide turned in Friday when foreign investors mopped up RM259.4 million net, snapping a 37-day long episode of foreign attrition amidst window dressing activites.

The FBM KLCI followed suit to snap its four-day losing streak by closing 1.55 per cent higher that day, the biggest daily gain so far in 2018.”

The research arm noted that Friday’s foreign net inflow is in conformity with other regional peers it tracked namely the Philippines, Thailand and Indonesia.

On another note, MIDF Research highlighted that the month of June saw the amount of net outflows from Malaysia reach RM4.93 billion.

“This brings the first half of 2018 (1H18) cumulative outflow in 2018 to RM6.82 billion net, offsetting more than half of last year’s total net inflow of RM10.33 billion.”

“Nonetheless, Malaysia still has the second lowest outflow amongst the four Asean markets we monitor after the Philippines on a year-to-date basis.”

As for the participation levels of foreigners, retailers and local institutions, these experienced a weekly dip.

“Nonetheless,activity levels are still deemed healthy as the average daily trade value (ADTV) is still above RM800 million for retailers,RM2 billion for local institutions and RM1b for foreign investors.”

British American Tobacco (Malaysia) Bhd registered the highest net money inflow of RM10.69 million last week, followed by ViTrox Corporation Bhd which recorded the second highest net money inflow of RM10.43 million.

Dialog Group Bhd saw the third highest net money inflow of RM6.87 million.

As for outflows, Public Bank Bhd saw the largest net money outflow of RM17.29 million last week.

MY EG Services Bhd recorded the second largest net money outflow RM10.43 million during the week under review while Petronas Chemicals Bhd registered the third largest net money outflow at RM8.13 million.
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Re: KLSE starting to collapse
« Reply #9976 on: July 03, 2018, 06:51:57 AM »
NEW YORK: Asian investors kicked the week off tentatively yesterday as they prepare for the US to impose hefty tariffs on a range of Chinese imports, taking their trade row to another level.

The levies on billions of dollars of goods, which are due Friday, come after data at the weekend showed Chinese manufacturing activity slowed in June as the world’s number two economy shows signs of struggling.

Fears of a trade war have rattled world markets and particularly China’s, which are now in bear territory having fallen 20 per cent from their recent highs.

“China’s economy will slow down for the rest of the year, but we don’t need to worry about any stall yet,” Zhu Qibing, chief macroeconomy analyst at BOC International China in Beijing, said.

“The key is how international trade and the dispute between China and the US will evolve.” On Monday, Shanghai was 0.5 per cent down in the morning session, while the Chinese yuan also fell, extending a retreat that has led some observers to suggest the country’s central bank is weakening the unit to offset the impact of a trade war.

While China is a key target in Donald Trump’s protectionist America First agenda, he has also set his sights on allies including the European Union and Canada, which on Friday unveiled hefty tariffs on $12.6 billion of US goods in retaliation for US measures on aluminium and steel.

Tokyo went in to the break 0.2 per cent lower as a closely watched gauge of Japanese business showed sentiment was softening.

The Bank of Japan’s Tankan report – a quarterly survey of about 10,000 companies – showed a dip in confidence from the previous three months, though economists pointed out that it is still around its highest level in more than a decade.

In other markets Seoul dropped 0.5 per cent and Manila was 0.1 per cent off but Sydney rose 0.3 per cent, Singapore added 0.2 per cent, Taipei gained 0.3 per cent and Wellington was 0.1 per cent higher.

Hong Kong was closed for a public holiday.

On currency markets the euro dipped slightly but held most of Friday’s gains following data showing inflation rising and news that European Union leaders had reached a migration deal.

However there are worries about the future of German Chancellor Angela Merkel’s coalition government after her conservative interior minister offered to resign on Sunday over the issue.

Merkel had warned last week the issue of migration could decide the very future of the EU itself.

The Mexican peso rose one per cent against the dollar as anti-establishment leftist Andres Manuel Lopez Obrador swept to the presidency, with his main rivals conceding defeat and removing the risk of any dispute.

Oil prices retreated after Trump tweeted at the weekend that Saudi Arabia’s King Salman had agreed to his request to open the taps wider.

The price drop comes after last week’s surge on the back of figures indicating surging US demand and OPEC’s decision to hike output by a more modest amount than initially thought. — AFP
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Re: KLSE starting to collapse
« Reply #9977 on: July 03, 2018, 09:22:58 AM »
Fears of a trade war have rattled world markets and particularly China’s, which are now in bear territory having fallen 20 per cent from their recent highs.

“China’s economy will slow down for the rest of the year, but we don’t need to worry about any stall yet,” Zhu Qibing, chief macroeconomy analyst at BOC International China in Beijing, said.

CHINA will need to follow Russia to sell some US bond to manage their cash flow problem soon
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Re: KLSE starting to collapse
« Reply #9978 on: July 03, 2018, 10:04:21 AM »
Deteriorating business conditions for local manufacturers improved marginally in June to reach a three-month peak, according to Nikkei Malaysia.

In its monthly Purchasing Managers Index (PMI), Malaysia rose to 49.5 from 47.6 in May.

A PMI score of below 50 denotes contraction while a score of above 50 signals expansion.

“June data indicated that manufacturing conditions in Malaysia deteriorated at the slowest pace since March, as the rates of contraction in output and new business eased to the slowest since March.

“Anecdotal evidence highlighted weak underlying demand for Malaysian goods from both domestic and international markets.

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Re: KLSE starting to collapse
« Reply #9979 on: July 03, 2018, 10:09:11 AM »
HANG SENG INDEX now -900 points July 3th 10:09am
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Re: KLSE starting to collapse
« Reply #9980 on: July 03, 2018, 11:17:52 AM »
HANG SENG INDEX now -900 points July 3th 10:09am

HK and China mkt players continue to lighten up. now -930pts .. to prepare for the US "horse" released by Trump.

will it be fireworks and TKO on Trump or China?


 
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Re: KLSE starting to collapse
« Reply #9981 on: July 03, 2018, 11:37:01 AM »
 China is zooming to a record year of corporate-bond defaults, with the 2018 total already more than three-quarters of the previous high even before an expected economic slowdown bites.  :'(

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Re: KLSE starting to collapse
« Reply #9982 on: July 03, 2018, 11:41:41 AM »
China is zooming to a record year of corporate-bond defaults, with the 2018 total already more than three-quarters of the previous high even before an expected economic slowdown bites.  :'(

US fart, asia tko
China fart, Asia tko
If both fart ???
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Re: KLSE starting to collapse
« Reply #9983 on: July 03, 2018, 11:46:46 AM »
-9.5  :D
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Re: KLSE starting to collapse
« Reply #9984 on: July 03, 2018, 11:47:20 AM »
HANG SENG INDEX now -900 points July 3th 10:09am

Yesterday China also dropped 3+%
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Re: KLSE starting to collapse
« Reply #9985 on: July 03, 2018, 11:47:47 AM »
China is zooming to a record year of corporate-bond defaults, with the 2018 total already more than three-quarters of the previous high even before an expected economic slowdown bites.  :'(

Their currency drop non stop  :cash:
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Re: KLSE starting to collapse
« Reply #9986 on: July 03, 2018, 11:52:34 AM »
US fart, asia tko
China fart, Asia tko
If both fart ???

Then, Asia guaranti RIP !  :'(

Bow chow see !  :S

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Re: KLSE starting to collapse
« Reply #9987 on: July 03, 2018, 11:54:41 AM »
Their currency drop non stop  :cash:

will there be another TOMYAN crisis like 1998, that begin with China yuan devalation, followed by Thai doing the same?
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Re: KLSE starting to collapse
« Reply #9988 on: July 03, 2018, 11:59:19 AM »
A dealer said the FBM KLCI remained technically weak with little signs of a possible near-term relief amid concerns of the impeding trade war between the US and China.

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Re: KLSE starting to collapse
« Reply #9989 on: July 03, 2018, 12:06:23 PM »
Then, Asia guaranti RIP !  :'(

Bow chow see !  :S
China, hongkong, malaysia, singapore, thailand, indonesia all die hard hard  :clap:
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Re: KLSE starting to collapse
« Reply #9990 on: July 03, 2018, 12:07:51 PM »
A dealer said the FBM KLCI remained technically weak with little signs of a possible near-term relief amid concerns of the impeding trade war between the US and China.

I have a feeling today market will end with super RED  :thumbsup:
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Re: KLSE starting to collapse
« Reply #9991 on: July 03, 2018, 12:18:47 PM »
 :dancing: :dancing: :dancing:
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Re: KLSE starting to collapse
« Reply #9992 on: July 03, 2018, 01:00:59 PM »
228 vs 425
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Re: KLSE starting to collapse
« Reply #9993 on: July 03, 2018, 01:25:11 PM »
index stocks
TODAY 3th July down counters
dialog  Downtrend
sime    DT..support broken today
axiata  DT
harta   sideway
tenaga DT, REBOUND OVER
pmetal DT, broke 200dys mav
misc     DT below 200ma
digi      DT below 200ma since 2015
maxis   DT, below 200ma since may 2017,
ihh       sideway. consolidating above 200ma
ioicorp  consolidate @200ma sideway to down
Perlis    strong uptrend above 200ma consolidate
nestle   strong uptrend ,above 200ma  consolidate
klk        just go below 200ma, trying to find support
hapseng strong stocks..Trump no fight
klcc       uptrend, well supported
petdag   uptrend, consolidate


up counters today july 3th
maybank  DT<200ma, rebound today
TM           DT< 200ma, sideway to down again, decision time tomorrow
cimb        DT<200ma, further downtrend tomorrow
genm       DT<200ma, consolidate at support line
pchem      UTrend, consolidate
genting     DT<200MA, trend down
hlbank      DT= 200MA, critical support now
airpot       UT, CONSOLIDATE
RHB          RECOVER FROM LONG DT, CONSOLIDATE   
PETGAS     consolidate after long DT, consolidate 
hlfg           UT, just broke 200ma, struggling to recover 200ma



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Re: KLSE starting to collapse
« Reply #9994 on: July 03, 2018, 01:25:27 PM »
The trade dispute will move up a notch on Friday when the US is set to impose tariffs on US$34 billion (RM137.3 billion) of Chinese goods, with another US$16 billion potentially following. The size could increase to another US$200 billion of imports if China retaliates.

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Re: KLSE starting to collapse
« Reply #9995 on: July 03, 2018, 01:32:33 PM »
The trade dispute will move up a notch on Friday when the US is set to impose tariffs on US$34 billion (RM137.3 billion) of Chinese goods, with another US$16 billion potentially following. The size could increase to another US$200 billion of imports if China retaliates.

china say  ready for war, will retaliate..that was 50 days ago.

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Re: KLSE starting to collapse
« Reply #9996 on: July 03, 2018, 01:40:06 PM »
"That is why we've seen Chinese yuan and Chinese stocks have suffered selloffs. I think this will continue at least until the July 6 deadline."


Run first before the deadline of July 6 !

If no run, then guaranti dead before the deadline !  :'( :'( :'( :'(

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Re: KLSE starting to collapse
« Reply #9997 on: July 03, 2018, 01:47:35 PM »
Major state-owned Chinese banks seen selling dollars to support yuan

Out MYR got kena teruk like yuan ?  :D :D :D

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Re: KLSE starting to collapse
« Reply #9998 on: July 03, 2018, 01:56:15 PM »
Bursa Malaysia saw a follow through in selling pressure on Tuesday which took the benchmark index lower amid worries over global trade tensions.

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Re: KLSE starting to collapse
« Reply #9999 on: July 03, 2018, 03:34:14 PM »
On July 6, the United States is expected to impose tariffs on $34 billion worth of goods from China, the epicentre of a heated trade dispute between Washington and major economies that has convulsed financial markets.
   
 "I think we are going to see markets consolidate because that's (U.S. tariffs) the great unknown," said Stephen Innes, head of trading for Asia pacific at Oanda.