Oil prices fell under $42 a barrel after the U.S. Energy Information Administration on Wednesday reported an increase of 2.6 million barrels in crude supplies for the week ended Aug. 14.

North America been a largest oil product growth in past years. Specifically, this production growth has been caused by advances in horizontal drilling and hydraulic fracturing techniques that made formerly inaccessible oil-rich areas. This is why the market if flooded with oil. Even the technology improves, the truth is in certain drilling area ,cost of production is much more expensive than more conventional methods of extracting oil.

Those companies operating in the area have been able to survive due to hedges that allow them to essentially sell their oil at above market prices.These hedges will expire shortly and cause these companies to have financial problems which may be insurmountable.
Ultimately, production from shale will decline and oil prices will begin to increase.

This is only an opinion but today oil is doomed.
Continue monitoring the Baker Hughes Rig count indicators ass well as weekly supply demand from EIA,

sept rate hike might still be possible, but may be delayed due to sudden devaluation of yuan. This move is unexpected by FED, nevertheless US economy is in good shape. US posting better and better economic index. Oil going to 30 or 20 is difficult to answer, definitely its more bias to supply and demand rather than sensitivity to dollar.
The phrase of "buy on rumour sell on news", may happen, cause what we seeing now is the USD rising due to speculation of prices. Yes, Sept FED meeting will be decisive but after that would be Dec one.

YTD the decline is 14% but does it actually depicts the proper measurement. Decline in the fundamentals of KLCI index ?

Sorry if I am not clear , I was mentioning on USd to MYR ..be careful with Maybank tough . Why not consider Maybank going below 8.00 then start buying and for each 20% drop keep buying ..well just my strategy for divided base counters ..

Yes , it's good company , but even if you buy , do it in stages. It's storm everywhere ..

UMW is heavily dependend on rigs , which highly sensitive to oil price ... Be careful .

As long interest rate hike is an agenda, Ringgit will be depreciating ... Only after actual implementation we may see the effect. I am still eyeing 4.30 within this year. Well maybe Maybank is a good stock rite , then why not accumulate at every 20% decline ..

Success on others eyes is not your success. Would still believe do the thing you are passionate with but we all have different responsibility in life. We can't simply walk away from this. I think mostly in this category.

As long as Index drop, how good its the counter also,it will keep dropping. Its generally an indicator of market strength.

Priceless writing and philosophical. Just hold to good stocks and dividend base company. Commodity price rout, Greece, China economy slowdown interest rate hike is the main cause Cash is definitely king as it give opportunity to buy undervalued shares. No one can actually say will it be 1500 or rebound to 1700. Whatever will go wrong will go wrong.

CMC market Singapore , which is CFD trading , I am using that to buy ETF ... CFD need to pay holding costs daily.

I have been in 2008 crisis .. Well, each stock would fall 30-50% , that's is easily..

Yes it's exposed to USD..

USd appreciated by 11-12% beginning of 2015 till now ...

1 USd to 3.85 now.... Bnm could not hold the rate , Reuters forecaster 3.90 by Friday after job report by US.what is the forex sensitivity for sign , anyone ?

Accumulate slowly , just target one oil and gas that you I've faith on ... And let's look again after 4 yrs.. Its better for investment

buy before late .. It's going back above 4.00

hopefully performs well

Let's see 2.80 first , TP frim research shows over 3.00

No la... I am not .... But prkexus is a gem to invest.., quite high sensitivity to USD exchange rate ... Wait till fed rise the rate , will explode... BNM just step in to hold exchange rate as for now, but dollar bullishness will take its own course ...

to date, our revenue exceeds US$45 million per annum and our growing clients list speaks of established names such as Nike, Oshkosh, Armour, ASICS, Gear for Sports, Champion, Fila, KRU, Disney, Umbro, Saks Inc, Parisian

Receivables from IRB:-

Takaful IKHLAS, had on 11 August 2014, received a letter dated 8 August 2014 from the Ministry of Finance ("MOF"), granting an exemption of tax on the wakalah fee income of the shareholder's fund received from the family takaful fund for the years of assessment 2004 to 2014.
With MOF’s above exemption, the total instalment payments made todate to the IRB which amounted to RM18,239,672 would be receivable from the IRB. The Company is currently pursuing the recovery of the instalment payments made from the IRB.


Losses are Due to:

The net profit for the period ended 31 December 2014 reduced by 33.2% from RM121.9 million to RM81.5 million as a result of several large losses reported during the period including the Peninsular Malaysia Flood losses.

Would be good to invest overall.

Can still buy or not . All the furniture stock up tremendously ...

Good stock, got potential to go 6.10 and above ... Volatile stocks too ..good fundamamental stocks .

Shoot up ady ..

expecting by next week index reach 1800

Oil company margin, but I don't think it will benefit SKPETRO, my assumptions ...Merely operation cost is the main contribution , so the more oil drilled out , increase in demand and increase in oil price , is the 3 main contribution.

Malaysia is far from being like greece, it's not valid comparisons..Of course nothing is impossible ...

I am going to enter SYSTECH ..: may the force be with us

KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's
long-term foreign currency issuer default rating (IDR) at A- and
local currency at A, with outlook revised to stable from
negative previously.
Fitch said in a statement that Malaysia's fiscal finances
have improved and views progress on the Goods and Services Tax
(GST) and fuel subsidy reform as supportive of the fiscal
finances.

KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's
long-term foreign currency issuer default rating (IDR) at A- and
local currency at A, with outlook revised to stable from
negative previously.
Fitch said in a statement that Malaysia's fiscal finances
have improved and views progress on the Goods and Services Tax
(GST) and fuel subsidy reform as supportive of the fiscal
finances

KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's
long-term foreign currency issuer default rating (IDR) at A- and
local currency at A, with outlook revised to stable from
negative previously.
Fitch said in a statement that Malaysia's fiscal finances
have improved and views progress on the Goods and Services Tax
(GST) and fuel subsidy reform as supportive of the fiscal
finances.

Fitch attached a "negative" outlook to Malaysia in July

Exactly , these companies is the one potential to generate high growth like 100% ...

I follow by using CMC market... The news is really fast ..but need to have account .. It's CFD trading

You can buy Tommorow , let's see how the U.S. market close and Greek development.

All the index bounced ... After 4 pm should recover

Index below 1700

I baru masuk ni.. Hope it trades above 60 cents .:

IFCA will rise

In the stock yesterday ,. Hope goes up

More or less factored in ... The drop from 1860 to current level with exodus of foreign investor.

Going to add to position again ..

Force selling 3-4 pm la Kawan ...

This share going to rally up ...

The Fed rise is definite but it's on September. Tonight meeting just as reconfirmation of the all the previous hawkish tone. US economy is improving. Bottom line , fed rise issue is pretty old. Dollar will strengthen not only ringgit but to other currencies too..

Give this SC simple job also cannot do ...after rebound baru want to issue for why falling ..all this while tidur ka

Why sell , should buy .. Next week above 80centsd again ..

The interests rate hike is definite but it's not this time , only on September onwards , but of course nothing In is certain ..: therefore volatility appear

No rebound today