Recent Posts

Pages: 1 ... 7 8 9 [10]
Equities / Re: Spot KLCI Index
« Last post by king on August 17, 2017, 04:28:55 PM »

« Last post by king on August 17, 2017, 04:27:21 PM »


up 6.32%
« Last post by king on August 17, 2017, 04:24:29 PM »


up 5.75%
Equities / Re: Spot KLCI Index
« Last post by king on August 17, 2017, 04:22:48 PM »

« Last post by king on August 17, 2017, 04:21:48 PM »

ot Stock
Lotte Chemical Titan share price up 4.15% on new coverage
Syahirah Syed Jaafar

August 17, 2017 15:56 pm MYT

KUALA LUMPUR (Aug 17): Lotte Chemical Titan Holding Bhd’s shares rose 4.15% in afternoon trade, after Citi analyst Horace Chan initiated coverage with a Buy recommendation.
As at 3.30pm, the petrochemical group’s share price was up 21 sen at RM5.27, with 8.94 million shares traded. It was the sixth top gainer on Bursa Malaysia.
In a report by Bloomberg, Chan predicted Lotte Chemical Titan to trade at RM6.1 within a year, implying a 21% increase from the last close.
The new target is 13% below the consensus average of RM6.99 and is at the low end of forecasts ranging from RM6.10 to RM7.85, the report said.
Analysts lowered their consensus one-year target price for the stock by 23% in the past three months, Bloomberg added.
Nomura has also initiated coverage on the stock, with a Buy call.
Lotte Chemical Titan Holding now has six Buy recommendations, with a target price range of between RM6.10 and RM7.85.
Equities / Re: Spot KLCI Index
« Last post by king on August 17, 2017, 04:16:59 PM »

Equities / Re: Spot KLCI Index
« Last post by king on August 17, 2017, 04:11:35 PM »

Global Markets / Re: RED FLAG
« Last post by king on August 17, 2017, 04:05:58 PM »

This is the ‘wall of worry’ that stocks have climbed to rally 271% since 2009
Published: Aug 16, 2017 7:12 p.m. ET

Stocks have not been this resilient since 1965

Stocks keep on climbing the “wally of worry” to new heights.
This may be the most sedated stock-market rally of our times.

Even as tensions heightened between the U.S. and North Korea and violence broke out on the streets of Charlottesville, Va., stocks took the alarming news in stride, continuing to scale the “wall of worry” in defiance of doomsday predictions of an imminent selloff.

“It seems like every day the headlines outside of the market get more and more frightening,” said Michael Batnick, director of research at Ritholtz Wealth Management, who illustrated the resilience of the market in the chart below.

Michael Batnick
As the graph shows, since stocks bottomed in March 2009, the S&P 500 index SPX, +0.14%  has soared 271% to multiple records, meandering higher through the European debt crisis, Brexit, and the U.S. presidential election.

Batnick had originally published the chart in March but updated it Wednesday given the recent developments.

“This year has been the perfect reminder that political volatility does not necessarily translate into the stock market, with this being the quietest year since 1965,” he said.

The S&P 500’s daily trading range averaged 0.32% in the first half of the year, the narrowest in over half a century, underscoring the gap between market volatility and the political upheaval that has marked Trump’s presidency so far, according to Batnick.

Stocks finished modestly higher on Wednesday with the Dow Jones Industrial Average DJIA, +0.12%  gaining for a fourth session in a row as investors shrugged off the latest imbroglio out of Washington.

Much of this tranquility can be attributed to strong fundamentals as the economy continues its steady pace of expansion along with robust corporate earnings. Optimism over President Donald Trump’s pro-business agenda, including promises of lower taxes and deregulation, has also helped to keep the market’s upward trajectory intact. Some of that euphoria has waned since the early days of Trump presidency amid a series of political setbacks such as the high-profile failure to repeal and replace Obamacare. But investors, to a large degree, still seem to have faith that the embattled president will deliver the tax reforms he had pledged.

Batnick, meanwhile, believes psychology deserves more credit for keeping stocks buoyant.

“Rising prices attract buyers and falling prices attract sellers,” he said.

Likewise, the analyst believes that when the end comes, it won’t be triggered by the usual suspects like elevated valuations.

“This is sort of a chicken and egg problem,” said Batnick, in response to a question on what will derail this market. “It won’t be a high cyclically adjusted price-to-earnings ratio or news coming out of Washington, the answer to that question is simply falling stock prices.”
Equities / Re: Dr KIM made 1000% from this penny stock but you are not Dr KIM
« Last post by CurryLee on August 17, 2017, 04:00:14 PM »
ho sek! n ho pau! liam liam lei... :D
Equities / Re: BANKS
« Last post by king on August 17, 2017, 03:54:42 PM »

Report: Local banks wary of TRX project

 trx 1mdb
 2 comments     Published Today 2:58 pm     Updated Today 3:04 pm

Latest News
Mahathir files appeal High Court decision on RCI members
Labour activists to push for criminal prosecution in Maxim case
Report: Local banks wary of TRX project
Kit Siang reaffirms stand for RCI into Memali tragedy
Nur Jazlan: Suhakam's report on 'deplorable' lockup is outdated
Najib: Time has 'stood still' in Permatang Pauh, town lacks progress
Dr M: I resigned voluntarily, dictators don't
Prisons Dept denies Anwar issued statement on fracas
Reports: MACC seizes RM100k from Isa's house, raids Spad office
DAP rep: Zahid must retract 'defenders of crime' remark
Rafizi: Isn't PM aware of Felda's splurge on hotels?
Looking past the bumiputera divide
They wanted to hold placards, not throw chairs - PKR Youth condemns arrests
Surendran: MACC being unlawful in putting detainees in lockup attire
Dr M's move to challenge CJ's reappointment fixed for Oct 24
Syed Saddiq rubbishes claims fracas meant to silence member's questions
Mahathir's bid to remove two RCI members dismissed
Fostering a genuine exchange of ideas on religion
Cops detain 16 ahead of flash mob in Permatang Pauh
The fall of Isa Samad, from warlord to detainee

TRX City Sdn Bhd and its partner are trying to raise more than RM2.5 billion for a project at Tun Razak Exchange (TRX) but the response from local banks have been described as "lukewarm", according to a report by The Edge Markets.

Citing sources, the report said several banks have been approached to gauge responses, but the type of instrument has yet to be decided.

UK banking giant HSBC and a few Singaporean banks are said to have shown interest, while local banks such as RHB, Malayan Banking Bhd and CIMB Bank Bhd were less enthusiastic.

The report said that the finance ministry is unhappy with the "cool response" from local banks.

"Some of (the local banks) said the property market, both commercial and residential, was still soft. Others were hesitant due to TRX's old parent, 1Malaysia Development Bhd (1MDB)," another source said.

The report noted that HSBC was already committed to the TRX project by having acquired a plot of land to build the bank's new country headquarters.

In 2010, Putrajaya sold a 70-acre piece of land, known at the time as Dataran Perdana, near Bulatan Pandan to 1MDB for RM230 million, or about RM75 per sq ft.

Delayed project?

At the time, 1MDB called the project the Kuala Lumpur International Finance District, modelled after London's Canary Wharf. It was later called the Tun Razak Exchange (TRX) after Prime Minister Najib Abdul Razak's father.

After 1MDB faced cash flow problems, the TRX project was transferred to the Ministry of Finance Incorporated (MOF Inc) and operated under the name TRX City Sdn Bhd.

Subsequently, the 70-acres was carved up and sold to six companies, including Indonesia's Mulia Property Development Sdn Bhd, Affin Bank Bhd, Lembaga Tabung Haji, WCT and Australia's Lendlease.

Putrajaya has not named the sixth company involved, merely stating that it was owned by MOF Inc.

According to The Edge Markets, TRX City and its joint-venture partner Lendlease Corp Ltd are seeking the RM2.5 billion to develop a 17-acre parcel known as the "lifestyle quarter".

The funds are said to be a bridging loan to kick-start the project and that the intended duration of financing was only three years.

The report noted that TRX City had roped in Lendlease in June 2014 as a major investor, but there has been little progress with the "lifestyle quarter" project.

 trx 1mdb
Pages: 1 ... 7 8 9 [10]