klee, roger.

@klee, true YTL Power’s revenue is subject to the fluctuations of the exchange rate, but the recent improvement of Ringgit vs US dollar we saw hot money flowing straight into the open arms of our financial institution’s shares, surely with more liquidity coming, we should see Ringgit improving and HOPE (sad word) improvement in YTL Power share price also? This is because it’s an index stock.

Anyway it may not pan out that way, the share might dropped to a PE of 2? Rationally thinking possible? …

Haiz stuck and in paper plus actual loses for now…

Not sure if comparing to the glove industry or any different industry is correct, given the dynamics are completely different, the glove industry is suffering due to China building up the exact same capacity, selling the same product that cannot be differentiated, there was no monopoly or even oligopolies in play. YTL Power, its utilities businesses are either monopoly or oligopolies.

Saying that the continuous drop in share price is puzzling.

I am stuck here, would sit and wait till around October and see what happens after the rate cut in US.

I agree with the opinion that a drastic drop in US index will effect KLCI for the short term.

But, as for the cut of interest rates in the US, I think the more likely scenario is that funds will move from fixed income etc. to equities, S&P 500 specifically. A capital flight? I doubt the Feds will lower interest rates to the extend it would jeopardise the value of the dollar, heads will roll. The interest rates cut is to simulate economic growth and full employment.

You know, what I really hope it does (this interest rate cut) is that the same fund is diverted and invested in KLCI which is under-valued and our currency is still cheap, that way all of us make a little dosh.

I maybe wrong, its economics, its about people.

Wish you well and happy!

noise I hope, if he is right we die?

I do not share that sentiment of glum, neither it is sunshine.

If you look at what the Chief Equity Strategist of Morgan Stanley said in his interview with Bloomberg, he said that the S&P 500 is range bound at the moment, asking investor to stay on the quality curve. He sees little evidence of a bear market yet, even though US economy is in the late cycle.

https://www.bloomberg.com/news/articles/2024-08-13/morgan-stanley-s-wilson-sees-few-signs-of-bear-market-in-stocks?embedded-checkout=true

Remember come September there is a very strong possibility of an interest rate cut.

Malaysia economy on the other I see is at it's early cycle, spoken to senior people in the MNC investment banks they are taking a bullish view in Malaysia's equity and currency.

Let's hope and pray what happened last Monday does not repeat itself or manifest into a financial crisis.

Some research and target price from MIDF dated yesterday

https://www.midf.com.my/sites/corporate/files/2024-07/ytl_corp-cu-acquiring_sgx-listed_nsl_ltd-midf-240724.pdf

I read, if not mistaken the Edge, the analyst estimated the contract with Petronas is worth RM400 million to RM 1.2 billion, if you take the lower end of the estimate and compare with their annual report you probably get the drift.

Not too sure about TP though, just make whatever you happy with, and run fast

rr88 got it, by the way thanks, I actually followed your comments in SCIB and it helped me a lot, sold at RM1.18 before the triple LD, and the dead cat bounced sold at RM0.46. Enough to send my kid to A-Levels boarding school. Thank you.

Let see what happens here in Dayang. Again thank you!

PS. I am newbie haha learning technical analysis, financial analysis and tapping on the experiences of people like you who shares. God bless you and your family.

rr88 ok hold then haha