net short position peak 0.95/0.96 this week (tue/wed) short covering till 0.93% yesteday, i see the same trend today. So...don't miss the boat

2024 looks like bounty year. With usd weakening and US to reduce interest rate in 2nd half. Bond yield expected to go down and money should flow in to Klse. If oil price maintain above 80 plus will be another good sign.

Share buyback

The accumulation and distribution line is on the uptrend while prices maintain sideways since Aug. So we can predict funds all slowly accumulating at a this range and will form a strong support level. When will it rise solidly? It depends if the money market , MYR will strengthen soon , this will be the catalyst. Selling pressure above 10 is getting weaker too. Good luck 2024.

Nearly 5 months of sideway trading 9 to 10. Any sign that will break the resistance soon in 2024 ?

Volume sudah tambah, share buy back juga. Slow and steady

Don't over analyst, just buy , BA business is still solid. Shorts at play for big funds. Just observe the net short trend. Is stabilising and they will need to cover their shortd soon

Can top up. Heavily shorted should stabilise this week

Should test 0.6 soon

Have to monitor how US sanction on Iran oil takes place and how the war escalate . Straits of Hormus is control by Iran, the main supporter of arms to Hamas. And how Lebanon reacts via Hasbollah , Lebabon cannot afford another all out war with Israel. I suspect US will declare a stronger stand towards Irananian oil.

Expect oil price to reach 100. Let's see if US will sanction Iran oil export and how middle east react to the Hamas attack

good time to go in again. 0.53/.535 oklah. US bond at its peak and will retreat, US dollar to weakend and Oil price goes back up and the cycle continues. Oil price demand will not improve , more of a supply side price movement and how the dollar index move.

can swing again :)

Very solid volume above 10, 27 Mil shares in a day. Highest in last 1 year(~may2022).

easily broken :) let's how long before it swing back :)

Lets see if it can test the 10-resistance level solidly. Hopefully third time is the charm.

third time the charm to test 0.55 resistance. Let's wait and see. Good luck!

Ock volume is back

Good time to go in now. Good luck for a quicker buck.

thanks for the tips, will check it out

Hold first as OCK financials are predictable. The current concern is the tower business is dragging down the Return on capital employed/invested. This ratio will not improve unless they split the tower business and services. We cannot be sure when they will officially declares this to unlock its true potential. Certain IB might not be concern on ROCE ~3% as if you compare within the telco industry it is around this number. Anyway technicals/ price action /volume is looking pretty good. Most weak holders are selling as it is a bit boring . KLSE can be speculated by the IBs and we cannot be sure what is the next play but choose a good company , for mid/long term portfolio and swing trades those that are heavily speculative (that will take good sets of charting skills). Good luck , I am not throwing in the towel yet :)

what is there not to like, all financial ratio improve but no dividend :( ... No IB coverage on OCK :(

within expectation oklah 10.3 Million pat 98c EPS.

Coal fuel hedging for Malakoff and TNB amounting to the same fuel margin loss of ~565-570 Million but you don't see this amount in YTL-P . Huge mistake of 1 billion ringgit due to someone's risk appetite. Where is the accountability?.

If profit ~10M better announce dividend. Kacang also canlah , siok sendiri in this forum :). Tower business they will also announce the plan or in another words commitment to split.

Volume is back. Hope for a good q2 report. So lonely but slow and steady. 4 months 10 percent increase oklah

Well absorb. Not concern about TNB. Only a bit sad missed out on YTL P :( , never imagine profitability can be better than national utility

Impacted by negative fuel margin 565.7 M due to reduction of fuel prices and timing of ICPT/IBR payment. ICPT/IBR mechanism goes beyond quarterly reporting timeline. But one thing is for sure, if the share does not go up it will go down. :) Lets wait how the market react.

Do your own home work

No worries. Look at the cash flow statement and you will understand why this is a very strong quarter. ICPT payment will always have a delay impact. The 4 billion in July will benefit next qtr an so forth. 16 b from operating activities vs1. 8 b from corresponding period.

Not that bad, expect one more insignificant quarter in Q3. Fundamentals still solid

kita semua sama saja :) tunggu how low will it go !

Wouldn't accounting principle required to input impairment charges due to assets/vessel underutilization? As explain should be minimum as only impacting less then 1 months in Q2, does not matter for long term holders. Short term traders looking for knee jerk reaction opportunity. Good luck !

Penalty by Enquest will be consider impairment charge not asset lost . Everyone is guestimating right now.

Really good news and set precedent on all reinvestment claims moving forward. This is since 2015 and analyst were immune to IRB notice of assessment.
2015 – additional assessments of RM2.1bn
2019 – issued notices amounting to ~RM4bn
2020 – additional assessment of RM1.8bn

How much will be the impairment charge this quarter and next? In 2018 Q2/Q4 it was 1,6 billion due to delay in commissioning Kraken and quality of crude being pump up. Expect lower revenue of <500M . High chance of seeing red depending on the impairment charges (>250Mil?)

Oklah not bad, slow and steady. Only a superb qtrly report can move this under the radar counter.

Done :)

resistance ~2.4 mil shares at 10.00, any chance of breaking today? Mainly retailers

Ya Ya , i got confuse with Yinson, end of August for BA and September for Yinson. Anyway short vs term traders will always look at different horizon. :) 515 will be very good support or later resistance, who knows....

Deekay, usually the price drop the week after the announcement as most analyst expect too much. Hoping it will buck the trend this time around. As foreign funds are buying in bulk with EPF selling. net short position is not in the list (below 0.1%) They have covered almost all the shorts. If dividend announcement is not favorable, will have short term knee jerk reaction. If foreign funds are active and the money markets expect USD to weakend, this will drive buying competition from EPF and local funds. So lets wait and see.

oh ya...qtrly this month, was looking wrong counter :(

Sorry was referring to coal price. ICPT will have a delay impact (~2 qrts) on the receivables from govt if coal price decrease/increase. So should reflect better numbers until they read adjust the ICPT payment.

Operation expense will continue to reduce this qtr. Q1 reflected~4 billion improvement YoY. Qtr to qtr I expect another improvement in Q2 of ~0.5 billion. Based on 345 us/MT last year vs ~160us/MT for the last 3 months. Expect qtr to qtr revenue to be flat. We could not be sure about taxation as most companies are reporting comparitative less taxation impact from cukai makmur last year. Hopefully extra ~<1 billion extra earnings to declare better dividend or PAT compare with Q1. :) Good luck folks

Armada qtrly is end of sept not Aug. Don't expect good news, just how will the market react.

slow and steady. hopefully qtrly will be good and return of dividend announcement :).

Seems selling pressure is still high, expect more sell down after Qtrlyi is out .It would not be good but how would the market absorb this short term outlook?

How to hold a long term view on a company that share price can be dictated by a technician's ability to maintain its machinery or can wreck havoc by a fisherman's net. Dramatic risk :) Can go in after qtrly, show us the real money first.

Qtrly report around the corner. How low can it go?

At least consistently above average volume. If track 2 hourly time frame looks good compares to daily time frame. Still have to wait in an empty room :)