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« Last post by DR KIM on Today at 01:08:35 AM »
DR KIM'S PALETTE drop 6 cents after major shareholder sold off his shares due to FED UP!? ::)

DR KIM PALETTE IN DEEP S+H+I+T NOW! LOSE MONEY! :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang:

 :thumbsup: ;) :) 8)....

the rule of  thumb  is  >> :) :thumbsup:

"  The cheaper the  penny / warrants   >> the higher the  %  GAIN @  jackpot  " :cash: :cash:
Equities / Re: Spot KLCI Index
« Last post by king on Yesterday at 08:43:47 PM »

Market Close
FBM KLCI down as Bursa volume dips below two billion shares
Adam Aziz

November 20, 2017 17:55 pm +08

KUALA LUMPUR (Nov 20): The FBM KLCI slipped 3.3 points or 0.2% on weaker technical indicators and after China shares fell during intraday trades on the country 's new guidelines to regulate asset management products.

At 5pm, the KLCI closed at 1,718.36 points. China's Shanghai Stock Exchange Composite erased intraday losses to end 0.28% higher.

Reuters reported that China stocks fell sharply on Monday and were heading for their biggest daily loss in three months after Beijing set sweeping new guidelines to regulate asset management products, which analysts said will dampen investors' appetite for riskier assets.

The central bank issued the new guidelines on Friday to more strictly regulate asset management businesses, in the government's latest effort to rein in the risky shadow banking sector which had been channeling money into Chinese stocks, bonds and property.

In Malaysia, Kenanga Investment Bank Bhd analyst Muhammad Afif Zulkaplly told that the market still lacked catalysts, prompting investors to opt for profit taking on counters like Genting Bhd.

KLCI-linked Genting closed 16 sen lower at RM9.04 to become Bursa Malaysia's eighth-largest decliner. Across Bursa Malaysia, decliners led gainers by 610 against 239 respectively. A total of 1.98 billion shares worth RM2.14 billion changed hands.

Muhammad Afif said: “Technical indicators actually worsened, even among the small-caps. We look forward for the results season in the next two weeks, and see if the positive economic growth will translate to better corporate earnings.”
Commodities / Re: CRUDE PALM OIL
« Last post by king on Yesterday at 08:41:02 PM »

Palm drops 3% as India raises import tax on edible oils

November 20, 2017 19:57 pm +08

SINGAPORE (Nov 20): Malaysian palm oil futures fell to their lowest in three months on Monday evening as sentiment took a hit from India's move to raise import tax on edible oils to its highest in over a decade.

India, the world's largest importer of edible oils, said it would raise import tax on crude palm oil to 30% from 15% and increase import tax on refined palm oil imports to 40% from 25%.

Weaker export data from a cargo surveyor and a stronger ringgit, palm's currency of trade, also weighed on the market, traders said.

Gains in the ringgit usually make the edible oil more expensive for foreign buyers. The ringgit rose to 4.1470 against the dollar on Monday evening, its strongest level for more than a year. It was last up 0.3% at 4.1480 per dollar at the close of trade.

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange dropped 3.2% to RM2,628 (US$633.56) a tonne by the end of the trading day, its sharpest daily drop since mid-February.

It earlier touched RM2,626, the weakest price since Aug. 16.

Traded volume stood at 54,764 lots of 25 tonnes each.

"The market reacted largely to India's import tax hike, which is quite steep, and then the ringgit also caused a downside," one Kuala Lumpur trader said.

Palm oil shipments from Malaysia for Nov. 1-20 fell 6.2% compared with the same period last month, according to data from cargo surveyor Intertek Testing Services before the market's midday break.

Another cargo surveyor, Societe Generale de Surveillance, reported in the evening that exports for the same period fell 8.8%.

In related edible oils, the December soybean oil contract on the Chicago Board of Trade was down as much as 1.6%, while the January soybean oil contract on the Dalian Commodity Exchange fell by up to 1.1%.

The January palm olein contract slid 1%.

Palm oil prices are affected by movements in other edible oils competing for a share of the global vegetable oils market.

Palm, soy and crude oil prices at 1059 GMT

Contract            Month      Last    Change       Low      High    Volume
MY PALM OIL         DEC7       2592    -88.00      2590      2659       758
MY PALM OIL         JAN8       2607    -88.00      2606      2670      8942
MY PALM OIL         FEB8       2630    -86.00      2626      2683     24024
CHINA PALM OLEIN    JAN8       5434    -56.00      5402      5496    258516
CHINA SOYOIL        JAN8       5914    -68.00      5884      5974    345548
CBOT SOY OIL        DEC7      33.88     -0.56     33.84     34.42     16138
INDIA PALM OIL      NOV7     568.90    +21.80    553.40     568.9       128
INDIA SOYOIL        NOV7      693.3    +14.20       690    698.95      1450
NYMEX CRUDE         DEC7      56.42     -0.13     56.41     56.76      2949
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in US cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in US dollars per barrel

(US$1 = RM4.1480)
(US$1 = 65.0900 Indian rupees)
(US$1 = 6.6300 Chinese yuan)
Equities / Re: RHB BANK
« Last post by king on Yesterday at 08:36:39 PM »

UOB Kay Hian upgrades RHB Bank to hold; target RM4.90

November 20, 2017 14:41 pm +08

(Nov 20): UOB Kay Hian analyst Keith Wee upgraded the recommendation on RHB Bank Bhd to hold from sell.

Wee raised the target price to RM4.90 from RM4.65, implying an 1.7% increase from the last regular trade. The target is 12% below the consensus average of RM5.59 and is at the low end of forecasts ranging from RM4.90 to RM6.50. RHB Bank had eight buy recommendations, eight holds and two sells previously.

Investors who followed Wee's recommendation would have received a 4.6% return in the past year previously, compared with the 7.2% return on the shares.

Analysts raised their consensus one-year target price for the stock by 2.2% in the past three months. Forecasts range from RM4.90 to RM6.50
Equities / Re: PRESTAR
« Last post by Cgcymc on Yesterday at 05:54:40 PM »
stock god, RM1.06 continue holding?
Equities / Re: Counter of the YEAR 2018
« Last post by Sailor on Yesterday at 05:24:53 PM »
Sentiment no good but dgb n dgsb
got strong buy n support at 13.5 n 8.5 respectively.

No long more days to wait for better n more$$$
Personal Finance / Re: Worrying On Retirement? You Should!
« Last post by Oly Shyte on Yesterday at 05:21:21 PM »
The retirement conundrum

Govt may need to look at measures to mitigate the impact of the sudden influx of retirees

NEXT year, about 100,000 workers who should have retired at 55 in the second-half of 2013 will finally leave the workforce at 60 years old.

In other words, after a period of five years where zero mandatory retirement took place – within the private sector at least – we will have some 100,000 workers leaving their jobs.

Recall, within the private sector, the retirement age was upped to 60 from 55 in 2013, when the Minimum Retirement Age Act kicked in.

Exactly, what kind of implications can be expected from the sudden influx of retirees?

Equally important, what are some of the measures that can be taken to mitigate the negative impact, if any?

Malaysian Employers Federation executive director Datuk Shamsuddin Bardan says firstly, this will result in the re-opening of the replacement market, which has not been available in the last five years – but only to a certain extent.

“Every year, there are about 200,000 new graduates entering the job market with another 300,000 school leavers also entering the workforce, but this (retirees leaving their jobs) may not necessarily translate into increasing chances of these graduates getting jobs.

“Companies have become very careful in hiring now, and they may not fill up the positions (that the retirees will leave vacant) due to the prevailing weak economic conditions,” Shamsuddin tells StarBizWeek.

Will this affect productivity?

Yeah Kim Leng, a professor of economics at Sunway University Business School, says whether or not productivity will be affected is more company-specific than anything else.

“Companies will need to weigh out the cost versus benefit in their hiring decisions,” he says.

Having said that, it is difficult to quantify intangible costs and benefits.

The current unemployment rate in Malaysia stands at about 3.5%, translating to about 600,000 people being unemployed.

At 3.5%, Malaysia is ahead of the Philippines and Indonesia, which have unemployment rates of about 5.5%, but behind Singapore, Thailand, Cambodia and Brunei, which are at about 2%.

The move to increase Malaysia’s official retirement age to 60 for the private sector some four years ago was seen as timely and in line with the retirement trend in the other countries within the region.

In Singapore, for instance, the minimum retirement age according to the Retirement and Re-Employment Act is 62 years.

The increase in Malaysia’s official retirement age was also viewed as a reflection of the longer lives that Malaysians are experiencing compared to years ago.

According to latest available data, life expectancy at birth for Malaysians is 72.5 years for males and 77.5 years for females. This is an improvement from 2010 when male life expectancy was 71.9 years while for females, it was 76.6 years.

Ageing population

Even so, this has brought about another emerging issue – an ageing population, exacerbated by a decreasing fertility rate.

According to Yeah, who is also an external member of Bank Negara’s Monetary Policy Committee, Malaysia already has a sizeable group of individuals aged 65 and above who make up 7% to 8% of the entire population.

By 2020, he reckons the number will hit 9% and by 2030, Malaysia could be an aged country with some 15% of people aged 60 and above.

“The question is whether the retirees have enough retirement savings,” Yeah says.

To be sure, although the mandatory retirement is at 60, the Employees Provident Fund (EPF) withdrawal is still maintained at 55.

“What this (ageing population) could also mean is that the dependency ratio, which measures the number of dependants one has, will start to increase and on a macro level, this could pose a greater burden on the overall economy.”

According to Yeah’s back of the envelope calculations, to retire comfortably in the Klang Valley, one would need about RM5,000 a month, RM60,000 year or a total of RM1.2mil just for living expenses, assuming one lives to about 80 years old. This is also on the assumption that there are no more debts to be serviced.

“If the lower-income people under the B40 category can move toward the middle-income group (M40), the financial burden of those who are being depended on will lessen as time goes by.”

According to Socio Economic Research Centre executive director Lee Heng Guie, the demographic shift towards a higher proportion of ageing population which he describes as “unprecedented”, threatens to impact productivity, economic output and economic welfare which requires social, political and economic change at all levels.

Firstly, the vast numbers of experienced workers who retire from the labour force will cause capital to become scarce and result in reduced savings in pension funds, Lee says.

However, Sunway’s Yeah says that pension funds like the EPF already have surplus savings, which means that this is hardly an issue.

Neverthless, Lee concurs with Yeah, saying that low birth rates and an aged society mean a higher dependency ratio where the younger generation will need to support the aged society.

“This, coupled with rising healthcare costs and other related aged-care expenses, will divert resources for consumption and spending,” Lee says.

AllianceDBS Research chief economist Manokaran Mottain says from a company’s perspective, the ones that are over-staffed may take the opportunity to stop hiring or hire selectively once the retirees leave.

“The issue is whether or not the young ones have the skill sets required. If yes, they can be easily absorbed into the job market,” he says.

AmBank group chief economist Anthony Dass thinks that the current retirement age of 60 should be increased further, given the increasing life expectancy and the issue of the lack of skilled workers.

“I feel raising the retirement age is very beneficial, as it leads to higher tax revenue and consumer spending. The main problem with this policy is that it will be highly unpopular, especially with those who are nearing retirement age,” he says.

Anthony says there should be a focus on staggered retirement by having a scheme that allows older workers to work fewer hours but remain in the labour force.

“If the individual is unable to take advantage of this staggered work due to health or any other reason, then the Government should look at voluntary work.

“I feel such an avenue will benefit both the economy and the social environment, taking some pressure off the aged.”

Lower costs for companies?

At a glance, it may appear that costs for companies will go down once this group of retirees vacate the labour force.

But observers point out that while costs may come down at some companies, this may not be necessarily true for all.

New hires within the areas of e-commerce, ICT and other high-end services can cost more than the cost of hiring those who have retired.

“Take, for instance, the banking industry. While the retirees may leave, it may cost more to hire those with specialities in the newer areas of banking like fintech and so on. Costs may even go up in some cases,” Yeah says.

Still, for government-linked companies, on the whole, they should see a relatively significant reduction in overall costs, as these firms tend to have large numbers of long-serving employees, says Manakoran.

Pension bill

Within the civil service, the pension bill next year is expected to rise to RM24.55bil or 10.5% of the federal government’s operating expenditure (opex).

This figure surpasses next year’s expected petroleum revenue of RM11.45bil.

As comparison, in 2014, the pension bill stood at RM18.22bil or 8.3% of the federal government’s opex.

It goes without saying that the higher pension bill will put a strain on the government’s coffers.

Public healthcare is another issue.

With increases in private medical bills outpacing the general inflation rate each year, retirees may have no choice but to turn to public healthcare services when they are sick, especially for those who are not adequately insured.

In March this year, Health Minister Datuk Seri Dr S. Subramaniam was quoted as saying that health spending per capita in Malaysia has increased by as much as two and a half times within 17 years, that is from RM641 in 1997 to RM1,626 in 2014.

Additionally, a recent study by Swedish reinsurance company Swiss Re reveals that Malaysia could face a potential shortfall in the financing of healthcare amounting to US$4.1bil (about RM17bil) by 2020.

This suggests that additional fiscal spending may be needed, or individuals may need to fork out for the shortfall on their own.

The Socio Economic Research Centre’s Lee says that the change in demographic trends accompanied by the rising number of retirees in both public and private sectors and longer life expectancies will impinge on the future budget burden.

He notes that public servants’ retirement charges grew 12.5% per year in 2000-2017. The number of retirees, meanwhile, has increased by 3.7% per year to 765,420 persons at end-2016 from 660,907 persons at end-2012.

Because the cost associated with retirement charges has been increasing, the expenditure on pensions increased from 7.6% of the Government’s total opex and 7.2% of total revenue in 2010 to 10.8% and 10.5% of total revenue, respectively, in 2017.

“It is, therefore, fiscally unsustainable for the Government to continue on this path, given that other committed expenses such as emoluments and debt service charges also take the lion’s share of opex,” Lee says.

Lee also says that it is about time to consider a phased migration from a defined-benefit to defined-contribution pension scheme for public servants.

There is also the question of how to work out a sustainable retirement income and pension scheme for older employees.

Lee asks: “While the EPF and private pension scheme provide retirement income buffers, are they sufficient?

“The Government needs to actively support older workers and ensure that they have sufficient savings toward retirement.”

For example, he says the EPF can consider giving an additional dividend of 1% on the first RM50,000 of accumulated EPF savings for employees aged 50 years and above.

“Employers may pioneer a flexible private retirement scheme, which allows employees to reduce working hours and claim part of their pension while continuing to accrue further pension entitlements for when they fully retire.”

Other policy changes that could be considered include a higher EPF contribution by employers for older employees, which most companies at the moment have capped at a fixed rate, along with a lower EPF contribution rate by the employee.

Still other measures to address the issues include altering health insurance and critical illness policies to cover the higher risks as people age, he adds.

“The health implications of an ageing population are double-edged. Not only are Malaysians living longer but they are also getting healthier.”

Going forward, healthcare expenditure and aged-care funding will rise further, continuing to burden the Government’s fiscal finance conditions, households as well as increased out-of-pocket expenses for the elderly, Lee admits.

“As such, both public and private healthcare financing have become one of the pressing policy issues that need to be critically looked at.

“Perhaps, a private-public funded healthcare medical and insurance fund is worth exploring based on the principles of equitability and affordability,” he says.

Equities / Re: Spot KLCI Index
« Last post by king on Yesterday at 05:04:09 PM »

Equities / Re: Spot KLCI Index
« Last post by king on Yesterday at 04:59:51 PM »

« Last post by Oly Shyte on Yesterday at 04:52:47 PM »
DR KIM'S PALETTE drop 6 cents after major shareholder sold off his shares due to FED UP!? ::)

DR KIM PALETTE IN DEEP S+H+I+T NOW! LOSE MONEY! :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang:
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