http://www.nst.com.my/node/55222

Dow Jones 17,810.06 +91.06 0.51%
Nasdaq 4,712.97 +11.10 0.24%

Brent returns above US$80 a barrel

http://www.nst.com.my/node/55178

http://www.thestar.com.my/Opinion/Columnists/All-kinds-of-everything/?c=%7b718AFDB3-7347-4916-A05C-6BF65B131097%7d

http://www.thestar.com.my/Opinion/Columnists/All-kinds-of-everything/?c=%7b718AFDB3-7347-4916-A05C-6BF65B131097%7d

With the corporate results for the quarter ended Sept 30 in full swing, most were mixed or lower with weaker oil prices weighing on oil and gas companies.

KUALA LUMPUR: Malaysia’s key stock index ended Friday on a disappointing note as fund selling of Petronas Dagangan, CIMB, Axiata and Genting erased nearly seven points from the FBM KLCI.

http://www.theedgemarkets.com/my/article/brent-touches-80-possible-opec-output-cuts-strong-us-data

Rank Company Score
1 IFCAMSC 1000
2 AAX 804
3 CIMB 736
4 MEGB 639
5 SKPETRO 565
6 SYSTECH 484
7 KNM 456
8 PMETAL 431
9 SUMATEC 413
10 K1 368
.......morning itself Suma chart was negative shd hv waited when drop buy i buy at 28.

Brent steadies above US$78 a barrel
Publish date: Fri, 21 Nov 01:04
LONDON: Brent crude oil steadied above US$78 a barrel yesterday as reports that oil producers would agree to cut output next week offset weak economic data from China and Europe.

Ministers from the Organisation of the Petroleum Exporting Countries will meet in Vienna on November 27 to decide how to respond to a collapse in oil prices that have fallen more than 30 percent in five months.

Brent was up 25 cents at US$78.35 a barrel by 1315GMT after closing 37 cents down in the previous session. US crude was down 15 cents at US$74.43 a barrel.

Oil prices have come under intense pressure over the last few months as North American shale oil production of high quality, light oil has overwhelmed demand at a time of lacklustre economic growth in many parts of the world.

"We've had disappointing data from China and Europe, and US crude inventories are high, so there's plenty of supply, but tepid demand," said Michael Hewson, chief market analyst at CMC Markets. Reuters

Brent steadies above US$78 a barrel
Publish date: Fri, 21 Nov 01:04
LONDON: Brent crude oil steadied above US$78 a barrel yesterday as reports that oil producers would agree to cut output next week offset weak economic data from China and Europe.

Ministers from the Organisation of the Petroleum Exporting Countries will meet in Vienna on November 27 to decide how to respond to a collapse in oil prices that have fallen more than 30 percent in five months.

Brent was up 25 cents at US$78.35 a barrel by 1315GMT after closing 37 cents down in the previous session. US crude was down 15 cents at US$74.43 a barrel.

Oil prices have come under intense pressure over the last few months as North American shale oil production of high quality, light oil has overwhelmed demand at a time of lacklustre economic growth in many parts of the world.

"We've had disappointing data from China and Europe, and US crude inventories are high, so there's plenty of supply, but tepid demand," said Michael Hewson, chief market analyst at CMC Markets. Reuters

Brent steadies above US$78 a barrel
Publish date: Fri, 21 Nov 01:04
LONDON: Brent crude oil steadied above US$78 a barrel yesterday as reports that oil producers would agree to cut output next week offset weak economic data from China and Europe.

Ministers from the Organisation of the Petroleum Exporting Countries will meet in Vienna on November 27 to decide how to respond to a collapse in oil prices that have fallen more than 30 percent in five months.

Brent was up 25 cents at US$78.35 a barrel by 1315GMT after closing 37 cents down in the previous session. US crude was down 15 cents at US$74.43 a barrel.

Oil prices have come under intense pressure over the last few months as North American shale oil production of high quality, light oil has overwhelmed demand at a time of lacklustre economic growth in many parts of the world.

"We've had disappointing data from China and Europe, and US crude inventories are high, so there's plenty of supply, but tepid demand," said Michael Hewson, chief market analyst at CMC Markets. Reuters

Sona...Cliq...hibiscus all up

One possibility is Riyadh wants to see off US shale oil, which is believed to need much higher prices than conventional production to remain competitive.

“They are after US shale,” said one participant in the meetings with Saudi officials.

However, the source added that the Saudis might also regard low prices as an opportunity to put even more pressure on Iran and Russia for supporting Syrian President Bashar al-Assad, an arch-enemy of Riyadh, in the country’s civil war.

Several Saudi oil sources have denied over the past month that geopolitics are now driving the policy, but they have failed to stifle theories that Riyadh and Washington are working together to hold down prices.

“What is the reason for the US and some US allies wanting to drive down the price of oil? To harm Russia,” Nicolas Maduro, president of fellow OPEC member Venezuela, said last month.

Masoud Mirkazemi, an Iranian lawmaker and former oil minister, said Riyadh was helping the G20 group of major economies. “Saudi Arabia, which intends to manage OPEC, serves the interests of the G20 group,” he said. — Reuters

One possibility is Riyadh wants to see off US shale oil, which is believed to need much higher prices than conventional production to remain competitive.

“They are after US shale,” said one participant in the meetings with Saudi officials.

However, the source added that the Saudis might also regard low prices as an opportunity to put even more pressure on Iran and Russia for supporting Syrian President Bashar al-Assad, an arch-enemy of Riyadh, in the country’s civil war.

Several Saudi oil sources have denied over the past month that geopolitics are now driving the policy, but they have failed to stifle theories that Riyadh and Washington are working together to hold down prices.

“What is the reason for the US and some US allies wanting to drive down the price of oil? To harm Russia,” Nicolas Maduro, president of fellow OPEC member Venezuela, said last month.

Masoud Mirkazemi, an Iranian lawmaker and former oil minister, said Riyadh was helping the G20 group of major economies. “Saudi Arabia, which intends to manage OPEC, serves the interests of the G20 group,” he said. — Reuters

Perisai Petroleum’s Subsidiary Gets US$23m Extension

4 hours ago
KUALA LUMPUR: Perisai Petroleum Teknologi Bhd’s subsidiary Intan Offshore Sdn Bhd has secured a two-year extension from Emas Offshore Pte Ltd to provide its offshore support vessels valued at US$23mil (RM77.45mil).

I feel it is a price war.Shale oil cost much higher then conventional oil.Saudi is going for free fall to kill shale.US taking advantage of d situation to crash global shares which they have been doing since d 1880's.Once US satisfied on d global shares sell down their funds will return to Asia to make money for their investment.Well! Opec meeting is coming....got to be positive....they I see it n it is my2c opinion!!!!!
20/11/2014 16:24
X
I dont trust d Jews wait for Opec meeting....now winter need more oil.
20/11/2014 16:26

I feel it is a price war.Shale oil cost much higher then conventional oil.Saudi is going for free fall to kill shale.US taking advantage of d situation to crash global shares which they have been doing since d 1880's.Once US satisfied on d global shares sell down their funds will return to Asia to make money for their investment.Well! Opec meeting is coming....got to be positive....the way I see it n it is my2c opinion!!!!!
20/11/2014 16:24
X
I dont trust d Jews wait for Opec meeting....now winter need more oil.
20/11/2014 16:26

I dont trust d Jews wait for Opec meeting....now winter need more oil.

I feel it is a price war.Shale oil cost much higher then conventional oil.Saudi is going for free fall to kill shale.US taking advantage of d situation to crash global shares which they have been doing since d 1880's.Once US satisfied on d global shares sell down their funds will return to Asia to make money for their investment.Well! Opec meeting is coming....got to be positive....they I see it n it is my2c opinion!!!!!

https://my.news.yahoo.com/matrade-targets-rm400m-sales-local-153148031.html

https://my.news.yahoo.com/matrade-targets-rm400m-sales-local-153148031.html

https://my.news.yahoo.com/matrade-targets-rm400m-sales-local-153148031.html

Final Dividend

KUALA LUMPUR KEPONG BERHAD

EX-date 19/02/2015
Entitlement date 23/02/2015
Entitlement time 05:00:00 PM
Entitlement subject Final Dividend
Entitlement description A final single tier dividend of 40 sen per share.
Period of interest payment to
Financial Year End 30/09/2014

Next Earnings Announcement 11/25/2014

http://www.bloomberg.com/quote/SMTC:MK

http://www.theedgemarkets.com/my/article/brent-slips-below-79-rhetoric-heats-opec-meeting

http://www.theedgemarkets.com/my/article/palm-oil-rise-2253-ringgit

http://www.theedgemarkets.com/my/article/palm-oil-rise-2253-ringgit

KUALA LUMPUR: Fund selling of British American Tobacco (BAT), Genting Bhd and MISC pushed the FBM KLCI further into the red towards the close of trade on Monday, mirroring the weak key regional markets as investor sentiment was dented by the economic slowdown in Japan and the weakening crude oil prices.

A lot depends on d coming Opec meeting n 18/11 result n basing on this what is d price for RI.Only god knows what is going to happen next, so lets relax otherwise hypertension not good for health...just relax.

SMTC:Bursa Malays Stock Quote - Sumatec Resources Bhd ...
www.bloomberg.com/quote/SMTC:MK
Stock analysis for Sumatec Resources Bhd (SMTC:Bursa Malays) including stock price, stock chart, company news ... Next Earnings Announcement, 11/18/2014 ...@Ring tomorow result coming b4 or after 5pm.....!!!!!!!!!

HS is quietly buying to subscribe to RI n get free money from warrants..?

http://klse.i3investor.com/blogs/kianweiaritcles/64116.jsp

http://klse.i3investor.com/blogs/kianweiaritcles/64116.jsp

Meeting on 7/12....after paying debts what shall be d price???

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE

(I) PROPOSED RESTRUCTURING AND SETTLEMENT OF DEBTS OWING TO CERTAIN SECURED AND UNSECURED CREDITORS OF ETI TECH AND ITS SUBSIDIARIES VIA A SCHEME OF ARRANGEMENT PURSUANT TO SECTION 176 OF THE COMPANIES ACT, 1965 (“PROPOSED DEBT RESTRUCTURING”);

(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL OF ETI TECH FROM RM100,000,000 COMPRISING 1,000,000,000 ORDINARY SHARES OF RM0.10 EACH IN ETI TECH (“ETI TECH SHARE(S)” OR “SHARE(S)”) TO RM500,000,000 COMPRISING 5,000,000,000 ETI TECH SHARES (“PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL”); AND

(III) PROPOSED AMENDMENTS TO THE MEMORANDUM OF ASSOCIATION (“MA”) OF ETI TECH TO FACILITATE THE INCREASE IN THE AUTHORISED SHARE CAPITAL OF ETI TECH PURSUANT TO THE PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL (“PROPOSED MA AMENDMENTS”).

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1795225

Yes I also agree therefore I am also quitting n shall wait in sidelines!!!!!!!

......not 18/8...........should be 18/11.......

The sharp dive in global oil prices did not reflect fully on the Kuwaiti figures because most of the slump took place in October and deepened in November.



The average price for Kuwaiti oil in April-August was $103.92 a barrel, according to Adnan Abdulsamad, the head of the parliamentary committee on budgets.....@Ring so Q result based on price between July-Sept...crude price during this period was 100.

They will not allow index to fall below 1800 some decorations may be done UMNO general assembly coming?????

Ya! They have to make d announcement n hv to be reported in d media from here how long will it take them to issue d circular.Any delay d deal may not be finalised by end of this year as stated by Francis.(

......hope d last laugh is not on us that is if RI don't materialise but this HOAX which also cannot be d case? To me RI is between 30-40...n check your mailbox for d EGM circular.

The same kind of talk is being repeated well i think some maybe laughing....!!!!!

Obviously result cannot be bad worst maybe fair if not good!

I think M&A is on d cards????

Yes u r right media most of d time taking us for a ride but mkt sentiment is moving in this direction while fund managers make money n small time players get burnt.Media can write anything n go scot free becoz u cannot sue them.So we base on what input to be active in stocks so got to base on fundamentals then all should be doing their homework?????

Market sentiment likely to be buoyant this week
16 NOVEMBER 2014 @ 11:41 PM

MARKET sentiment for this week is expected to be somewhat buoyant on speculations ahead of the Umno General Assembly and despite the lack of fresh leads and volatile fuel market.

The Umno General Assembly will take place in Kuala Lumpur from November 25 to 29.

“Bank Negara Malay- sia’s forecast of stronger growth within the services, manufacturing and construction sectors during its third quarter results announcement last week as well as the upcoming Umno General Assembly should deliver some buoyancy,” said an analyst.