Now is simply not the right time to buy bank stocks, with impending double dip recession.
Bank earning growth and asset quality is deteriorating fast currently.
Buying bank stocks at current price level will guarrantee you poor return over the next 10 years.
Don't worry, I will buy on dip when timing is right, now is not the right time.

yes, keep buying... every dip...wait 10years to breakeven

still thinking of recovery? Malaysia economy with MCO 2.0 is expected to contract by 6%.
Banks will be hit the hardest, when loan deliquency and default showing up.

bankers who worked at front desk will not understand what I wrote, but those who working at risk management dept of financial institution will understand what I said.

buy more bank stocks please. All banks, like pbbank, hlbank, maybank, rhbbank are trading near or ABOVE PRE-COVID level, with interest rates below pre-covid (lower earning) and MCO 2.0 without moratorium (NPL to go up drastically).
Banks only have around 15% of Tier 1 capital ratio, meaning if 5% of loans were to default, the bank company value would be reduced by 5/15=1/3.
The whole financial system is teetering on the brink of collapse.
Buy NOW and hold 10 years to breakeven.

You do realise pbbank is trading above pre-covid level right? With falling interest rate (less profit) and MCO 2.0 without moratorium (less economy activity + higher NPL).
Those who are willing to buy at current level... must be operating under greater fool theory, but perhaps they are the last fool without themselve knowing.

can people explain logical reason buying Hlbank at current price level? this price level is ABOVE PRE-COVID. how will bank perform better with MCO 2.0 in place? Interest rate falling meaning less profit, no more moratorium means NPL will go up.
Absurd.

Post removed.Why?

@Moneymakerx finally a sensible comment, what a relief.
Other comments above just gave me eyesore.

lol those big volume block (>100k shares) in single transactions were *ALL* sell transaction
if you check the trade detail from trading platform...

harta is even worse than TopGlov, the current price level is reflecting the earning to jump from 400m to 2.1b, to achieve this glove selling price MUST rise month-on-month by 10% for the WHOLE year... do you think no new player will join the production to compete with price?

Whoever buying at current price level must be stupid donkey blinded by greed... remember, pig will get slaughtered, dont be that pig.

whoever still willing buying glove companies at current price level must be donkey blinded by greed and stupidity.

Current price reflects the expectation for net profit to jump 5 times... average selling price MUST go up month-on-month by 10% to achieve this... do you think no new players will set up more production lines and compete with price?

The COVID will go away eventually, the latest by 2022, leaving the market with oversupply of glove... all these so-called 'explosive' earning is just mere imagination of analyst and greedy crowd to feed the bubble... remember, pig get slaughtered, dont be the pig

sorry to say this but the elliott wave count used by the author was incorrect.
the author should read this book in depth
https://www.elliottwave.com/free-reports/elliott-wave-principle

sorry to say this but the elliott wave count used by the author was incorrect.
the author should read this book in depth
https://www.elliottwave.com/free-reports/elliott-wave-principle

All-weather porfolio exists, as a combination of bonds, stocks, commodities, and cash.
A portfolio consisting only single category of investment (eg. stocks) cannot be all weather, because individual stocks are correlated.

During bear market all stocks tend to move down together, but adding another less correlated class of investment eg. bond or commodity, may reduce the swing of portfolio value, because bond may move higher during bad times as people seek refuge at government bonds or gold.

Majority of the world indices sustained heavy beating since last week yet klci was rallying with minimal participations of small cap. The rally of klci was really artificial. Remember our klci pe is over 20, our 30 largest companies by no way is undervalued.

I can only say, I really love our nobita Minister, thanks for screwing us kao kao while you sit in your ministry riskless taking hefty pays every month. The market movement this year was more sickening than last year. It's either this nobita or his gang has secretly shorted the market, or he is purely incompetent. For God sake I'm really sick of him now. How I wish I have the power to punish him.

Rise of interest rate doesn't necessarily means bear market.
1950 to 1960 interest rate was rising, but Dow Jones Average rallied more than 400%.

The treasury is asking 54billion myr from Petronas, Petronas has 170+billion myr of cash, total current asset of Petronas is 70+ billion higher than its total liabilities (long-term and short term).

No problem at all, Lol even if crude oil drop to 0.00 in 2019, still no problem for government to balance the 2019 budget okay.

Gov won't kaput lah, stop the fear mongering lah.

Nope, the right shoulder wont complete when the o0o pattern occur.
o0o pattern will save us again this time.

EPF holdings of SAPNRG have been decreasing quietly from 900million shares in early 2015 to 300million today, quietly EPF almost cease to become substantial shareholder, ie EPF has been quietly dumping the shares all these while.

dude please acknowledge source at least, i know this is from Donovan Ang

When all the other hot O&G stocks regurgitate all the gain made in early January, Armada appeared to be steady, at least it didn't lost all the previous gain made in early Jan.

This only tell me a thing: someone is really buying this share queitly.
If you look at Armada chart, it has been moving sideways for almost a year. This is too obvious that some big boys are accumulating it, in fact they have been working really hard on doing it.
Do you still don't believe in the potential of Armada? Think again.

to igain88: no.

Hahaha, just kidding.

I'm assuming you are asking about call warrant.
European style warrant can only be exercised (ie. you take the bet off the table against issuer)upon expiry date, automatically, you don't have to email the issuer or anything.
However, you can't choose to exercise it before the expiry date.
After the expiry date, the warrant will be automatically exercised and the issuer will mail you a cheque if your settlement is greater than zero, ie the warrant expired 'in the money'.


On the expiry date, the settlement you will receive for a call warrant is calculated based on this formula:
Settlement (in RM)
= [(Mother share price)- (Exercise price)] x (1/Conversion ratio) x number of warrant

So let say in an example, the mother share price is RM13.62 and the exercise price of call warrant is RM10.00, and conversion ratio is 10 to 1, and you are holding 1000 call warrant
then applying the above formula will be

Settlement
= [(Mother share price)- (Exercise price)] x (1/Conversion ratio) x number of warrant
= [(13.62) - (10.00)] x (1/10) x 1000
= 3.62/10 x 1000
= 0.362 x 1000
= RM362.00

If you apply the formula above and found that the settlement is a negative in numbers, you dont have to pay the issuer anything, but it also means your call warrant expired worthless, ie you lost all the money invested in the particular call warrant.

high five ahahaha

Even if US market enters correction mode in the next few months, FBMKLCI still can rally higher. This already happened before last year during march and april, and it can happen again. So don't be clouded by bearish sentiments which is floating around. When everyone is bearish, market will proceed to rally, smashing everyone's expectation.

I don't usually like an article, but this is definitely a good piece of article.

hahahaha another article attempting to erect a wall of worry.

wall of worry haiz... why you all falling for this? FBMKLCI is already on the brink of breakout, you guys started to pick up bearish sentiment instead? smh

keep calm and remain bullish, as I said many times, market climbs against a wall of worry. This fellow is creating one now.
Don't be fooled, or you will miss the opportunity.

Please dont take my article literally as a recommendation to hold your stock or buy more now if you are stucked at a stock currently, as I'm purely focusing on FBMKLCI all the time, my opinions only apply to FBMKLCI, not individual stocks.

buying now is buying at support region, your chance of losing money will be lesser so the risk to reward ratio is quite good buying here.

Hourly chart RSI oversold, very likely the down move has finished.

Why so pessimistic? Armada is not a loss making company afterall, it has successfully turn around, thanks to the right issue.
Why don't see this as a second chance for those who missed it to top up?
The price didn't randomly leapt to 90cents last few weeks, the buying interest was real.
Now it's just doing some throwback/ consolidation to wash weakholders out.

this is a good company, albeit a bit boring, good as a dividend stock

So far EPF only disposed net amount 7 million shares out of their 360m shares since 20th of Dec 2017.
EPF is not blindly selling, it's more like testing water, sell small proportion of their total holding to see if someone else (some parties else) is absorbing their share. If EPF selling is followed by selling pressure from another parties, it means selling is not finished yet and the price can't go up yet.
The inverse will be: if EPF selling is bought up, then EPF knows there is someone buying (hence supported)the shares, hence the share price is ready to be lifted up.

Whoever that is buying up the shares previously have paused from buying aggressively (cf 5th and 8th of Jan 2018), hoping EPF or anyone to sell more, so that they can to collect more of the shares.

Judging from these few days share price movement, someone (some parties) must be buying Armada share price quietly, or else it would have already dropped back to where it started (75+ cents).

哇，好大方哦，今天价钱还有所回调，让错过机会的人有补仓的机会。

Quoting your article:'Going north ... target the peak 1900. '

Bro, I'm hoping that you meant 1900 as temporary peak before a mild correction.
If you are implying 1900 as ultimate peak and expect some sort of market crash thereafter, you will be dead wrong. Market will not crash in 2018 contrary to popular fantasies of doomsayers, it will be a very bullish year instead.
Just my two cents.

Tom, is Tan KW the admin of i3? Because alot of repost was done by him.
Just curious.

Guys, give him a rest, although I disagree with his point of views.
Afterall he is not reading these comments from i3 I believe, his blogspot is just somehow connected to i3.
But seriously if anyone is bearish currently or in disbelief, you may likely to miss out 2018 bull market.

Favco main business is about crane, including offshore crane.
The historical financial performance is also quite good. The price structure looks more like a slow and steady rise. I would say it is a good company with fair price, akin to low risk low reward perhaps.

I hope this answer your question.

lol? The rally started last month is just an appetizer/entree/engine warm up only.

Dear Tan, I have compiled my stock picks in this portfolio link https://klse.i3investor.com/servlets/pfs/99368.jsp,
can I join the stock pick challenge? TQVM

Do you mind if I compile my own portfolio
(https://klse.i3investor.com/servlets/pfs/99368.jsp)
to join the contest?
All of my picks (except for ARMADA) consist company warrant which does not have entitlement, hence requires minimal portfolio update. Thank you.

Malaysia close at 2017 new high hahahaha

zzz this is not window dressing, this is not window dressing, this is not window dressing!!
This uptrend is real!

公积金真的是太寒酸了，油价都涨了那么多，ARMADA又不是亏钱，可价位偏偏就是被打压，就是要和散户耗心理战，不要分给散户任何好处。

Tom, it will be sooner than you thought I hope(believe).

太吝啬了公积金和其他大户。

Everyday high volume, but not major shareholder changes announcement. Could it be work of PDTs? Can it be some major shareholders hiring a third party to trade large chunks of shares?
Alternatively, could be some big holders (<5%) were passing around the shares in confusion.

Just wondering.