foreign funds attack ringgit as well !

We expect 2015 property transaction volume to fall by 3-5% on the back of slower economic growth and high loan rejection rate, while property prices to stay flat, as developers will likely have difficulties in passing on incremental costs.

Expect 1H15 transaction volume to fall by 5-10%. We expect overall residential and commercial property transaction volume to fall by 5-10% in 1H15 (vs +2.8% HoH in 1H14) and 3-5% for 2015. The decline should be more severe in 2Q15 immediately after the implementation of GST from 1 Apr 2015. Based on Singapore’s experience, after the GST rate was raised to 7% from 5% in July 2007, residential property transaction volume contracted by 41% HoH in 2H07. We expect the Malaysian market to experience a similar trend

Sentiment hit.

RHB economics team has cut its 2015 GDP growth forecast to 5.0% from 5.3% (vs 5.8% in 2014). The slower economic growth and the recent sharp drop in equity prices are hitting market sentiment. We expect this to dampen the demand for property next year.

Average new sales to drop by 10-20%. We believe both buyers and developers will adopt a wait-and-see attitude, and hence launches and take ups will likely be slow.

We expect 2015 property transaction volume to fall by 3-5% on the back of slower economic growth and high loan rejection rate, while property prices to stay flat, as developers will likely have difficulties in passing on incremental costs.

Expect 1H15 transaction volume to fall by 5-10%. We expect overall residential and commercial property transaction volume to fall by 5-10% in 1H15 (vs +2.8% HoH in 1H14) and 3-5% for 2015. The decline should be more severe in 2Q15 immediately after the implementation of GST from 1 Apr 2015. Based on Singapore’s experience, after the GST rate was raised to 7% from 5% in July 2007, residential property transaction volume contracted by 41% HoH in 2H07. We expect the Malaysian market to experience a similar trend

Sentiment hit.

RHB economics team has cut its 2015 GDP growth forecast to 5.0% from 5.3% (vs 5.8% in 2014). The slower economic growth and the recent sharp drop in equity prices are hitting market sentiment. We expect this to dampen the demand for property next year.

Average new sales to drop by 10-20%. We believe both buyers and developers will adopt a wait-and-see attitude, and hence launches and take ups will likely be slow.

EPF also kena, our EPF money also go holland ??? :)

buy Airasia, oil lower, AA higher

Kuwait is offering Asian buyers the largest discount for oil in six years, joining Saudi Arabia and Iraq in lowering prices.

Kuwait Petroleum Corp., the state-run oil company, will sell its crude at $3.95 a barrel below the regional benchmarks next month, the company said in a faxed statement yesterday. That’s the biggest discount since December 2008, data compiled by Bloomberg show. It was $2.10 this month.

Saudi Arabia, the world’s biggest oil producer, lowered its official selling prices to Asia and the U.S. on Dec. 4 after the Organization of Petroleum Exporting Countries decided last month to maintain production. Crude is trading in a bear market as the highest U.S. production in three decades exacerbates a global glut.

“In this situation of oversupply in crude, everyone has to defend his market share,” Gerrit Zambo, an oil trader at Bayerische Landesbank in Munich, said by telephone yesterday. “Producers are trying to sell as much oil as they can, even with low oil prices.”

Middle Eastern producers are competing with cargoes from Latin America, North Africa and Russia for buyers in Asia. They’ve lowered price differentials and maintained output, raising speculation they are seeking to defend market share.

brent crude oil tonight may be will drop till 60

another big drop is possible, brent immediate support at 60

more panic selling if brent crude oil drop till 60, may be tonight

ha ha ha

wah, 2morow below 2.00 ??? the market really panic

unemployed, crime, chaos, war, disaster, really the end of the world, not 2014, but 2015

oil and gas collapsed, palm oil also collapsed, banking collapsed, properties also collapsed, contruction abandoned, no more trading activities !!!

firehawk, i think even you sell RM10 also nobody can afford to enjoy, ha ha

may be Maybank will drop till 1.00, another financial crisis like 1997 soon, finished !!!

more PN17 companies in 2015, bolehland is finished !

the end of the world, bolehland become tak bolehland

when all oil n gas companies killed, banks also killed due to huge bad debt, then the country also collapsed, the end of the world !

so petronas take over skpetro and form new company skpetronas satu Malaysia, ha ha

so 2morow panic selling again, : ) , panic, panic and panic

ha ha ha, you trust the analysts 1% also go HOLLAND, kekeke

foreign funds very funny, so many buyers Q at 2.52 two days ago they don't want to sell, today good Q result they sell even at 2.41 like no tomorrow, joker

ini kalilah, ha ha ha

profit !

oil rebound, nice, ha ha

very good 3Q result plus dividend, :)

0.50, : )

The Board of Directors of SapuraKencana Petroleum Berhad (“SapuraKencana” or “Company”) (“Board”) is pleased to announce that companies within the SapuraKencana Group have been awarded contracts with a combined value of approximately RM1.58 billion (approximately USD459 million, based on USD/MYR exchange rate of 3.45).

yes,mat cendana, like yr comments

very good Q result, next week will fly, foreign selling almost cleared

good Q result expected

strong support at 2.50, powerfull

local funds vs foreign funds, foreign funds still above 20%, long way to go

Saudi Arabia Seen Widening Asia Oil Discount on Shale Surge

Saudi Arabia will probably deepen discounts for crude supplies to Asia after leading OPEC to maintain the group’s output target amid a global battle for market share.

The world’s biggest oil exporter will announce January official selling prices to buyers in Asia this week, after lifting its Arab Light grade from the lowest level in almost six years a month earlier. The largest producer in the Organization of Petroleum Exporting Countries may offer bigger discounts, according to 12 of 13 respondents in a Bloomberg News survey of traders. One participant forecast differentials to be unchanged.

Oil Rises After Government Report Shows U.S. Supply Drop

Musashi57 and ufoisreal, thanks for sharing, :)

ROE = return on equity

The ringgit posted its biggest two-day fall since the 1997-8 Asian financial crisis, while tumbling global oil prices spooked already skittish markets.

kancs3118, it just accounting figures, not audited

2morow panic again, mak salleh must be exhausted, everyday panic, ha ha

Mat Cendana, well said

yes, look like Bumi Armada more attractive, dialog also not bad

this counter like no more power after right issue, why ?

kakisaham, jangan main main, cepat beli cepat jual

Please tell Russia, don't play play, ha ha

受原油價格下降影響，俄羅斯貨幣盧布在昨日經曆了1998年以來的最大幅單日下跌，引起對俄羅斯經濟前景的普遍擔憂。

BBC報道，盧布兌美元的價格曾一度下跌9%，隨後回升，人們懷疑俄羅斯中央銀行可能採取了幹預措施。

俄羅斯經濟在很大程度上依賴於原油出口，這使得俄羅斯貨幣在油價下跌時顯得脆弱。

petang ada panic buying ?

it just a war game between Rusia and US

everyday panic !!!

after panic buying, now panic selling, panic from 9.00 till 5.00, ha ha