A lot of false video circulating around. "Iran air defense shot down 150 Israel fighter jets". Iran fighter jets bomb Tel Aviv military airport". "Iran fires 1500 misilles on Israel". All made up videos using AI.

Next week (28.10.2024 - 2.11.2024 Deepavali on 1.11.2024) will be a sea of red? Iran said will 100% retaliate.

The keyword is "eligible shareholders" and not "retailers".

The KLCI is dragged down by this PBBANK.

Trim the Teh family holding from 22.77% to 10% over a period of 5 years. Today is the 1st day. Still got 1,825 days. Those holding, better to cut today. Better don't catch a falling knife.

22 GAMUDA
23 AXIATA
24 HLFG
25 PPB
26 MRDIY
27 99SMART
28 PETDAG
29 AIRPORT
30 SIME

99SMART is now at 27th position in terms of market capitalization. Still far far away to be above the 25th postion. Still need a lot of pumping to do.

To be included into KLCI component stock, 99SMART has to be at least RM1.41. By hook or by crook, the major shareholders have to support the price at RM2.41. Hold!

https://theedgemalaysia.com/node/726902

KUALA LUMPUR (Sept 17): Mini-market chain operator 99 Speed Mart Retail Holdings Bhd’s (KL:99SMART) potential inclusion in the FBM KLCI remains far from certain, even as its market capitalisation now approaches the top 30.

The stock does not qualify for fast entry as a new issue into FBM Index series based on current rules, MIDF flagged in a note. Shares of 99 Speed Mart will also have to climb to at least RM2.41 to make it into the list by the review cut-off date on Nov 25, it noted.

Who is dumping?

In FaceBook, I saw FED CUT RATES! IS IT TIME TO BUY? LEARN FROM OOI TEIK BEE! With his photo there. Is this a scam?

Sunway today (19 Sep 2024) closed at RM4.38. Its all time high is RM4.42. Can it make a new all time high?

Gamuda all time high is RM8.49. Still got at least RM8.49 - RM8.15 = RM0.34 to go up.

SunCon all time high is RM5.18. Still got RM0.64 to catch up from RM4.54 closing price of today (19.09.2024).

https://theedgemalaysia.com/node/727236
Singapore stock market heading to 17-year high on US 0.5% rate cut.
KLSE property and construction companies will follow.

The real bull run is finally here in Bursa Malaysia for property and infrastructure companies as the import of building and construction materials becomes cheaper because of a weaker USD compared to RM.

The reduction of interest rate will benefit property, infrastructure, utility companies while lower interest rates can present challenges for banks.

Good News this morning. Here are the key points:

Fed Cuts Rates: The Federal Reserve cut interest rates by half a percentage point, citing increased confidence in inflation moving towards 2%.

Economic Projections: Policymakers expect further rate cuts, with the benchmark rate falling to 2.75%-3% by 2026.

Market Reactions: US stocks gained, the US dollar fell, and Treasury yields dropped following the announcement.

Labour Market Concerns: The Fed’s decision reflects concerns about a potential slowdown in the job market, despite progress on inflation.

Ever since the 29 cents dividend, it could not cover the gap.

Teachers just leave the computer open with VLE FROG and doing nothing about it. This is to cheat the Education Ministry that a teacher cannot be penalyze for not using the VLE Frog.

6.9.2024
RSI: 31.3
Year to date gain = [(3.52 - 2.55) / 2.55)] X 100 = 38%
YTLP is still neutral (not oversold).
It has yet to find its bottom, unlike Notion which has found its bottom at 88 sen.

6.9.2024
RSI: 28.1
Year to date rise: [(2.49 - 1.90) / 1.90] X 100 = 31%
YTL has not found its bottom, unlike Notion which has formed a bottom at 88 sen.

YTL Comm mempunyai 2,700 menara komunikasi di sekolah di seluruh negara. Bayaran sewa bulanan hanya RM10 sebulan sedangkan sewa pasaran harus RM2,000 sebulan. Yang lebih menghairankan ialah bil elektrik dibayar oleh pihak sekolah dan YTL Comm boleh menggunakan menara telekomunikasi itu untuk tujuan komersial lain. Berdasarkan gambar foto, menara komunikasi itu dibina tidak melebihi 10 m daripada bangunan sekolah dan radiasinya akan membahayakan pelajar dan guru. Kes ini nyata tidak memihak kepada YTL Comm dan akan berlanjutan entah berapa lama. Selagi ia tidak diselesaikan, YTL dan YTLP akan mengalami tekanan jualan.

YTL Comm mempunyai 2,700 menara komunikasi di sekolah-sekolah yang mengenakan hanya RM10 sebulan sedangkan sewa di pasaran harus RM2,000 sebulan. Lebih menghairakan, bil elektrik ditanggung oleh pihak sekolah dan YTL Comm boleh menggunakan menara komunikasi itu untuk tujuan komersial. Kes ini tidak memihak kepada YTL dan akan berlanjutan entah berapa lama.

YTLP and YTL will have a tough time going forward. Although the US job reports are fine but it will warrant the Federal Reserve to cut the interest rate by only 0.25% and not 0.50% which many are hopefull for. Nasday now (10:30.pm) is down by around 1%.

Actual numbers: 142,000 jobs created and 4.2% unemployment. It is OK. So, Federal Reserve will only cut interest rate by 0.25% only and not a big 0.50%.

Numbers of last month to beat: 115,000 jobs created and 4.3% unemployment.

Numbers expected: 165,000 jobs created and 4.2% unemployment.

What if toninght, the US job report is not what the Wall Street wants? Now, temporary Nasdaq futures is down by 1.05%

Strong rebound.

VLE Frog is no longer in used. Just like graphic calculators, Geometer's Sketchpad and i-think (all are dumped). For VLE Frog, all teachers and students are given a password. Teachers are required to assign exercises using this programme to students 10 years ago. Now we use Geogebra. After 10 years, now only claim that there is a possible corruption involved.

VLE Frog is no longer is use. Just like Geometer's Sketchpad and graphic calculators (all are dumped). In VLE Frog, all teachers and students are given a password and teachers are supposed to assign exercises to students using this VLE Frog 10 years ago. Now teachers use GEOGEBRA. After more than 10 years, now only investigate of possible rasuah.

02.09.2024 Monday: After rising to a high of RM7.73, it dropped back to RM7.55, for a mere 5 sen rise. Sold at RM7.59.

Today (30.08.2024) is a roller-coaster trading day for Gamuda. Big swing between 7.28 and 7.52. It closed at 7.50 (recovered 12 sen) from the 40 sen crash of Thursday (29.08.2024).

Gamuda does not announce results in August. It will annouce its results on 27 September 2024 (Friday). Based on the trend, its 4th quarter results will usually better than the first three quarters. In this case, it might be a record high earnings. It is in conjunction with the interest rate reduction by the US Federal Reserve on 18 September 2024 (19 September 2024, Thursday, in Malaysia time).

Now we know the reason why Nvidia share drops. Although the result beats expectation, but the margin of the beat is small, not big enough as investors are hoping for. Anyway, I think Notion has found its bottom at RM0.88.

Gamuda dropped a hefty 40 sen to RM7.38 (29 August 2024).

As at 7:00 am, Nasdaq futures opens at negative 1.23% while S and P opens at negative 0.7%. Blood bath today for all stocks except the banking sector. The sky high KLCI index now is false, trying to cover up the whole market negative sentiment.

Nasdaq futures closed at -1.75% at 5:00 am. Very confusing. Let's see at 7:00 am how?

Nvidia after hours share price dropped by 5.7%. Really confusing.

Nvidia reported earnings that beat expectation. But why its after hours share price is dropping? Reaĺly confusing. They said it is "priced in" which means "sell on news".😥

Words of Mr Ooi Teik Bee (May 2024) for KKWong13 forecasts:

I spent a few days to study the FA of JCY, I just cannot be convinced that Rev=903 million, PAT=254 million.
I talk with facts and figures, I check all angles before I write it here.

FY 2022, Rev=835 million, PAT= -91 million loss.
FY 2023, Rev=475 million, PAT= -90 million loss.

I agreed that there are big demands for HDD, I accept the Rev=903 million (90% higher than FY 2023), but not PAT=254 million which is higher than Rev=1.700 billion, PAT=200 million in 2010.

Please note that JCY suffered a loss of 91 million and 90 million in FY 2022 and FY 2023 respectively.

I hope I am wrong.
It is a discussion session, I have no intention to pour water on the fire.
I just want to learn from kkwong13, the logic of his article.

I am really interested in this HDD story, I will monitor this stock carefully.
I will invest some money on this stock based on TA because the technical chart looks fantastic to me.
I will buy big if the Q3 2024 result is very good even the share price is higher than the present share price.

Q2 2024, Rev=147M, PAT=5.35M [EPS 0.25sen]
Q3 2024, Rev=189M, PAT=36.26M [EPS 1.69sen]
Q4 2024, Rev=252M, PAT=82.88M [EPS 3.51sen]
Q1 2025, Rev=315M, PAT=129.50M [EPS 5.26sen]
Total 4 rolling quarters, Rev=903M, PAT=253.99M
EPS = 0.1071

Actual Q3: PAT only RM9.886 mil and EPS only 0.47 sen
[Far-far below expectation of PAT = 36.26M [EPS 1.69 sen]


Will crash next Monday (26.08.2024)

Since 13.08.2024, almost all the related data centre counters starts to drop including GAMUDA, SUNCON & IJM. YTLPOWER previous 3rd quarter results was disappointing. I am afraid the coming 4th quarter results will be disappointing as well. Better wait until it forms a solid base before buying back.

Initially, Synergy looks great. But today's (14.8.24) loss making quarter results will make it down the hill.

@ Vicky: Another matter is the imminent attack by Iran on Israel. Why no one mention about this risk?

If you are holding the at the price lower than tomorrow's gap up opening price, then fast-fast sell to the Buy Q buyer at the opening minute.

Please take VICKY's advise. Do not chase the gap up opening. Now it is based on extremely bad and nervouse sentiments. It will open gap up and slowly it will turn red.

The 1st support at 3.90 is broken. The next support is at 3.50, followed by 3.35. Today closed at 3.62.

The first support at 3.08 broken. The next support is at 2.95, which is also broken. The next immediate support is at 2.60. Today closed at 2.94.

The first support at 4.15 broken. The next support is at 3.75. Today 5.8.24 closed at 3.90.