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2016-06-26 16:56 | Report Abuse
Our exports to UK is around 1%. EU is still thriving without UK. I think it is the forex markets that will indirectly impact us.
Maybank's UK loans amounts to 0.3% of its total loans. While UK casinos contribute less than 1% to Genting's profit.
2016-06-26 16:50 | Report Abuse
Genting Bhd is the holding company of diverse business - gaming, resorts, power generation, palm oil plantations, pharmacutical field etc. However, share prices at times have no relation to fundamentals. It overshoots. It all depends on yr risk profile.
I bought Maxis at the avg price of 5.80 and sold at at an avg price of $6.20. Ppl were saying maxis would drop below $5 but it did not.
The Edge Weekly reported clinical trial results of Taurx drug would be out in July. This is the wild card.
2016-06-25 11:27 | Report Abuse
The ones most impacted is YTL Power, SP Setia, Sime, KWAP....
2016-06-25 11:26 | Report Abuse
The one impacted directly is Genting M. At the peak, it contributed 11% of its profit. Genting holds 49% of Genting M.
Genting Bhd's profit contribution from UK is less than 1%.
2016-06-24 19:46 | Report Abuse
hng33, do u play futures? Your style quite similar to mine when I play CPO futures.
2016-06-24 15:32 | Report Abuse
short term turmoil. Britain is not an economic power. Nor is she a superpower even though she pretended to be one.
2016-06-24 15:30 | Report Abuse
short-term turmoil. Britain is not an economic power. Nor is she a super power even though she pretended to be one.
2016-06-23 14:50 | Report Abuse
If Brexit wins - the fear is the sentiment may spread to other members of EU.
Among the considerations are :- Britain's borders are no longer secure n venerable to terrorist attack. - Cheap immigrant labour will press down wages just as it happened in M'sia ... Business keep hiring cheap labour n keep singing the song that locals are not interested in the jobs.
2016-06-23 14:45 | Report Abuse
if Brexit wins - USD up - MYR down
2016-06-21 09:17 | Report Abuse
The One - I think yr explaination makes a lot of sense.
2016-06-21 09:14 | Report Abuse
Hi "The One" - why is it that 'RHB will do its best to curb Maybank from exceeding 8.20 till mid next month..' ??
2016-06-17 13:53 | Report Abuse
If Brexit yes wins: GBP to test multi year lows. Safe haven proxies like CHF, JPY, USD & gold will surge. oil prices would come under pressure.
2016-06-17 09:10 | Report Abuse
The 50 day & 200 day SMA staged a dead cross on its daily charts suggesting more weakness to come.
2016-06-16 17:16 | Report Abuse
twobits: this time I look at the KLCI thru' the Andrews pitchfork structure. The KLCI tried to assail the 200 day SMA but failed n started losing momentum.
2016-06-16 15:55 | Report Abuse
connie: my view is KLCI has the potential to drop to 158xxx
2016-06-16 15:17 | Report Abuse
In the 1997/98 crisis, UMBC collapsed. Some Oriental Bank staff who borrowed money to buy its IPO went bankrupt. In crisis, nothing is safe.
2016-06-16 12:48 | Report Abuse
I agree Brexit is good for UK after witnessing what happened to Greece although it will unleash turbulence in the markets.
2016-06-16 09:46 | Report Abuse
2 cts divdend is a non-event. Why must it go up on news of a 2 cts div?
2016-06-29 17:39 | Report Abuse
Now only Dr M, those after him has also shown incompetency. Why must a nation keep running higher n higher deficit even in good times ?? Having done that, when the crisis comes there is no more room to move. Then they keep on praising GST. Don't forget Greece also has GST.
2016-06-16 09:20 | Report Abuse
Yes votes for Briexit leading in polls. The fear is the rest of the countries inside the EU would follow suit should British yes wins.
It is my opinion that Europe should revert to its old days before the "Europe without frontiers" which is now causing so much problems to its member countries. Greece went bankrupt due to capital flight within the Union.
2016-01-29 18:10 | Report Abuse
Warrants are the tools of the bull. Now, is it a bull market or a bear market, u judge.
2016-06-15 09:25 | Report Abuse
The question is really how we would be affected if those "yes" votes win.
2016-06-15 09:21 | Report Abuse
Those for Britain to leave EU leading in polls.
2016-06-15 09:04 | Report Abuse
Everything is possible. It is also impossible that MBB's NPL would not rise while those of other bank's NPL rise. The tide affects all players.
2024-01-30 10:48 | Report Abuse
Maybank breached its Head n Shoulder pattern in its weekly chart today. The breaking of MTF support level of abt $8.17 should see Maybank below $8.00 to complete is 2nd zig zag to abt $7.7xx
2016-06-14 19:30 | Report Abuse
I thought we cannot sell short?
2016-06-14 16:03 | Report Abuse
In its recent run to 9xx, EPF is the seller. The ikan bilis are the santa Claus.
2016-06-14 16:01 | Report Abuse
PNB got the shares very cheap. It won't fail. It is the ikan bilis that get clobbered.
2016-06-14 15:38 | Report Abuse
From its lows in 2009 to its peak in 2013, the KLCI enjoyed almost 5 fat years. Then from its decent in mid 2013 till now, it has not even corrected 38% of its gains. We are actually selling in those small uptrends in a bigger down channel. We have to be careful and not to be greedy.
2016-06-14 15:15 | Report Abuse
KLCI recovered due to gains in Petronas counters.
2016-06-14 09:35 | Report Abuse
MBB breaches neckline of head n shoulders pattern in its weekly chart at $8.17
2016-06-07 17:11 | Report Abuse
They have already killed the golden goose which gives good dividends to those pension funds, investment funds .... n this trickles down to the common man who invested. Now, the golden goose, having been killed, these funds will also give less dividends. Retail sales have already fallen... and more to come. These telcos which acted like a pillar to the KLCI whenever there is a selloff has already crumbled.
2016-06-07 17:13 | Report Abuse
connie - I am trying to fit chart patterns to validate wave counts. e.g. Maybank- I got my wave counts wrong. The recent run up since Feb is actually a B wave in a double zig zag downwards. I notice in its weekly chart now - it has staged a head and shoulder pattern which typically occurs in a 5th wave. The neck line being $8.19. Should it break this support, I expect it to reach $7.71. Right now it is still holding provided Yellan does not give some bad news n Briexit turns out to be a non-event.
2024-02-07 22:44 | Report Abuse
connie - I find that during the 1st wave, it is hard to have confidence to place my bets. When the 3rd wave begins, price have already moved up a lot. But waves are still useful as it tells me what position the rally is in. Waves are great. But I am trying to find some other methods to complement it.
2016-06-10 16:24 | Report Abuse
KLCI made 3 attempts to breach the 200 day SMA but failed.
2016-06-10 14:50 | Report Abuse
In China, private hospitals have low social recognition and a limited number of outpatients unlike those here and in the western world. Even though the China market is vast, so are its challenges.90% of China's healthcare is provided by state hospitals. To reap the benefits there, it would take a long time and a paradigm shift in the population before it can happen.
2016-06-09 15:43 | Report Abuse
The support level is around 8.17
2016-06-09 15:30 | Report Abuse
xenos - if u zoom into its weekly charts, is this the classic head n shoulders pattern? What is yr opinion?
2016-06-07 19:44 | Report Abuse
There is no reason for it. Everything is supply n demand.
2016-06-07 16:40 | Report Abuse
Gamuda is gradually losing momentum. The market is cautious now. What are the chances it will touch $5???
2016-06-02 16:39 | Report Abuse
But needs a lot of $$$ to play
2016-06-02 16:21 | Report Abuse
When Maybank peaked in 2013, its volume was 62 million. 2 days back during the MSCI sell-off, the volume was 0.216 billion, the highest since 1998, I suppose.
Could the EPF already overweight on Maybank? Would they silently sell whenever Maybank inch up?
2016-06-02 16:12 | Report Abuse
But it could affect world markets.
2016-06-02 16:08 | Report Abuse
At most, they might be hauled up for breaking internal rules. But back in those days, things were different.
2016-06-02 16:06 | Report Abuse
I am sure but they are clever. They do not trade using their own account.
2016-06-02 16:06 | Report Abuse
we have 2 big events this months...Fed meeting the middle of this month.... Brexit referendum on the 23rd....
And window dressing at the end of the month.
Stock: [GENTING]: GENTING BHD
2016-06-26 17:00 | Report Abuse
The articles about Genting n Taurx is inside The Edge Weekly.