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11
Equities / Re: Spot KLCI Index
« Last post by king on Today at 05:12:52 PM »



1771.36

closed
12
Equities / Re: NEXGRAM COMINGGGGGGGGGGGGG $$$$$$$$$
« Last post by DR KIM on Today at 04:48:26 PM »
 ATTACCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK :clap: :clap: :clap: :cash: :cash:
13
Equities / Attacckkkk MERGE.
« Last post by Sailor on Today at 04:44:14 PM »
Going to vrooomm..seller not much.
New boss coming in😁😁😁$$$$$$
14
Equities / Re: Spot KLCI Index
« Last post by king on Today at 04:41:52 PM »



1770.73
15
Commodities / Re: Spot Brent Oil Price
« Last post by king on Today at 04:03:59 PM »



47.81
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Equities / Re: NEXGRAM COMINGGGGGGGGGGGGG $$$$$$$$$
« Last post by DR KIM on Today at 03:59:49 PM »
immediate Tp Nexgrm 10c !!

further  BREWINGGGGGGG    :beer: :cocktail: :party: :dancing: :coffee: :cash: :cash:
17
Global Markets / Re: STOCK CASUALTIES
« Last post by king on Today at 03:52:41 PM »




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Business News
Home > Business > Business News
Thursday, 29 June 2017 | MYT 11:59 AM
HK paper billionaires lose their fortunes amid small-cap stock rout

image: http://www.thestar.com.my/~/media/online/2017/04/08/13/33/china-securities-regulatory-commission.ashx/?w=620&h=413&crop=1&hash=5B90C4E6C3F31D691322CC382AE5769406E9D011
Both companies are among more than 131 stocks featured in warnings from Hong Kong’s regulator, the Securities and Futures Commission.
Both companies are among more than 131 stocks featured in warnings from Hong Kong’s regulator, the Securities and Futures Commission.
 
HONG KONG: Three former billionaires who made their fortunes by taking their companies public in Hong Kong shed more than 91 percent of their wealth amid the market rout that’s roiling small-cap stocks in the city.

Huang Wenji suffered the biggest loss when his stake in China Jicheng Holdings Ltd. plunged $1.9 billion since the crash began during trading hours Tuesday.

Shares of the umbrella maker based in Jinjiang in China’s Fujian province tumbled 95 percent as a series of losses cascaded across a network of companies with cross-shareholdings, leaving the former billionaire with a stake in the business that the Bloomberg Billionaires Index values at $115 million.

Wong Wing-wah and Wong Che-kwo, two more ex-billionaires whose civil engineering business Luen Wong Group Holdings Ltd. is linked to the same network, lost a combined $1.1 billion in the rout.

The declines shrunk the value of their stakes by 91 percent.

Both companies are among more than 131 stocks featured in warnings from Hong Kong’s regulator, the Securities and Futures Commission, about high shareholding concentrations, thin turnover and small public floats.

The businesses were flagged along with 48 others by shareholder activist David Webb who said in a report six weeks ago that the operations were entwined in a complex web of cross-shareholdings that had pushed their valuations to unsustainable levels. - Bloomberg

TAGS / KEYWORDS:
Stocks , Corporate News , Markets

Read more at http://www.thestar.com.my/business/business-news/2017/06/29/hk-paper-billionaires-lose-their-fortunes-amid-small-cap-stock-rout/#Etq8vt506Td8jk5v.99
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Equities / Re: I EAT KPOWER
« Last post by Oly Shyte on Today at 03:49:56 PM »
DR KIM NOW IN MAD AFTER MISSING OUT KPOWER:clap: :thumbsup: :handshake: :cash:
:D :thumbsup: :handshake: :cash:
DR KIM@ :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang: :headbang:
19
Commodities / Re: Spot Brent Oil Price
« Last post by king on Today at 03:41:52 PM »




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Business News
Home > Business > Business News
Thursday, 29 June 2017 | MYT 3:20 PM
Oil holds gains as US crude production plunges most in a year

image: http://www.thestar.com.my/~/media/online/2014/10/14/07/29/brent.ashx/?w=620&h=413&crop=1&hash=87F64E4D10581AF060336BAF8F3FF506573507E4

 
HONG KONG: Oil held gains as U.S. crude production tumbled the most in almost a year, easing pressure on OPEC-led efforts to drain a global glut.

Futures rose 0.5% in New York after advancing 5.2% in the previous five sessions. U.S. production tumbled by 100,000 barrels a day last week, the most since early July, the Energy Information Administration said Wednesday. The decline was likely driven by field maintenance in Alaska and the impact of tropical storm Cindy. Crude stockpiles unexpectedly expanded while gasoline inventories fell a second week.

Oil in New York and London tumbled into a bear market last week on concerns that rising global supply will counter output cuts from the Organization of Petroleum Exporting Countries and its partners. U.S. crude inventories remain more than 100 million barrels above the five-year seasonal average.

“Demand is positive so it comes down to what happens on the supply side of the equation,” said Michael McCarthy, a chief strategist at CMC Markets in Sydney. “With OPEC effectively sidelined, the swing factor for market sentiment is U.S. production. We’re likely to see further price gains in the coming days.”

West Texas Intermediate for August delivery was at US$44.94 a barrel on the New York Mercantile Exchange, up 20 cents, at 7:51 a.m. in London. Total volume traded was about 12% below the 100-day average. The contract gained 50 cents to US$44.74 on Wednesday. Prices are down 7% this month.


Brent for August settlement, which expires Friday, gained 20 cents to US$47.51 a barrel on the London-based ICE Futures Europe exchange. The contract added 66 cents, or 1.4%, to US$47.31 on Wednesday. The global benchmark traded at a premium of US$2.58 to WTI.

U.S. crude output dropped to 9.25 million barrels a day last week, according to the EIA. Crude stockpiles rose by 118,000 barrels to 509.2 million, the first increase in three weeks. All 10 analysts surveyed by Bloomberg before the report had predicted inventories would decline. - Bloomberg
TAGS / KEYWORDS:
Oil & Gas , Crude oil , Brent , WTI

Read more at http://www.thestar.com.my/business/business-news/2017/06/29/oil-holds-gains-as-us-crude-production-plunges-most-in-a-year/#TjQ2llgmtmUpTUwT.99
20
Equities / Re: POWER AND UTILITIES SECTORS
« Last post by king on Today at 03:40:25 PM »




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Business News
Home > Business > Business News
Thursday, 29 June 2017 | MYT 2:39 PM
Power rebate or surcharge poser in July

BY LEONG HUNG YEE

image: http://www.thestar.com.my/~/media/online/2017/06/02/14/23/tenagamay17lrt.ashx/?w=620&h=413&crop=1&hash=423E8B9E784CE3C79932293A3201340BC7C50880
Tenaga Nasional signboard seen along the LRT track.
Tenaga Nasional signboard seen along the LRT track.
 
KUALA LUMPUR: Consumers are expecting an announcement on the electricity tariff rebate by the government for the next six months before the current term ends on June 30.

For the first half of this year, the government had kept the electricity tariff rebate at 1.52 sen/kWh in the peninsula and 1.20 sen/kWh in Sabah and Labuan.

Analysts said on Thursday it remains to be seen if power consumers will continue to enjoy rebates, or if a surcharge will be imposed.

They cited that coal price had increased while the US dollar was firmer vis-a-vis the ringgit.

In a previous report, Kenanga Investment Bank Research noted the once fast-rising coal fuel prices have stabilised.

They were around US$80 per tonne, after surging above US$100 a tonne in the second half of 2016.

“As such, the higher cost could be reflected in first half of 2017, which could lead to lower tariff rebate in second half of 2017 in the next review window in June this year,” it said.

Australia’s Newcastle coal is currently trading at US$80.65 per tonne and off the recent high. Its price had more than doubled last year to almost US$110 per tonne in November.

Some, however, argue fuel prices have come down significantly, with crude oil trading below US$50 per barrel due to global supply glut.

At midday, US light crude oil rose 20 cents to US$44.94 and Brent added 17 cents to US$47.48.

Coal and gas constitute 50.8% and 45.2%, respectively, of the total power generation mix in Peninsular Malaysia while the rest is from hydro.

Tenaga reportedly imported 20.8 million tonnes of coal in 2013 for power generation, 19.3 million tonnes in 2014 and 22.2 million tonnes in 2015.
TAGS / KEYWORDS:
Commodities , Corporate News , Economy

Read more at http://www.thestar.com.my/business/business-news/2017/06/29/rebate-or-surcharge-poser-by-tenaga-in-july/#tzGDi9ezWVamHzIC.99
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