Source of news i am watching wall street news in d TV now

Brent 83.35 now

Fundamentally everything is intact.. sell off is just a correction which have not taken place in d last 2 to 3 yrs. Now is a window of opportunity to accumulate...nothing to panic.

NEW YORK: Brent crude bounced off a four-year low yesterday to above US$85 a barrel, a level that was still down 25 percent since June, as a drop in the value of the dollar attracted some cautious buying in the oil market.

On Tuesday, the Brent benchmark lost almost US$4, its biggest daily fall in more than three years, after the West's energy watchdog slashed its forecasts for world oil demand.

Brent for November delivery was up 31 cents at US$85.35 by 1410GMT after initially sliding to another fresh post-2010 low of US$83.37.

US crude gained 40 cents a barrel to US$82.24, rebounding by more than US$2 after hitting a 27-month low of US$80.01 earlier in the session. On Tuesday, the contract posted its largest fall in a single session in nearly two years.

Traders said prices had rebounded slightly after US crude held above US$80 a barrel, a symbolically important level in a market that has crashed through most lines of major support.

Economist say drop in oil price going for decades n obviously not sending a wrong signal but perhaps going for 10% correction b4 it bounce, n also nature taking its own course..n we should be happy about n not to fuss!!!!!!!!!!!

Suma sales is it based on forward sale @ d fixed price....any experts..tks.

Finally all d waiting mkt crashing?

KUALA LUMPUR: Malaysian palm oil futures slipped to a more than three-week low on Wednesday, giving up gains made in the previous session as crude and soy oil prices slumped, and as export demand remained lacklustre in the first half of October.

The New York Fed's Empire State general business conditions index also plunged to 6.17 in October from September's 27.54, marking the weakest pace of manufacturing activity in New York state since April.

The S&P 500 fell as much as 3 percent on Wednesday, briefly turning negative for the year, while European equities shed 3.2 percent to mark their biggest one-day slide in almost four years.

"Investor risk preference appeared to vanish overnight with large-scale loss-cutting worldwide. In the absence of market depth, wild prices fluctuations could continue for some time with volatility itself having a further negative influence on risk assets," strategists at Barclays wrote in a note to clients.

Brent and U.S. crude futures fell, a day after posting their biggest daily drop in years, with more production, less demand and deflation expectations weighing heavily.

Globally looks like billions lost ??????

Suma earning is not based on service contract but using American assets to drill n sell oil so d low price will obviously impact d profit....any expert please, try to elaborate..tks.

Suma using American assets to drill oil which is not cheap n most off shore drillers cost 80 to break even for Suma how much........? HS is silent on this costing ??????

Looks like Arab trying to kill Shale oil before they r killed by US?

Many companies have also already locked in their 2015 hedges at higher prices that will make next year's output profitable, according to company presentations.........some have locked forward sales price what about Suma???

Saudi Arabia has privately told the oil market that it is willing to allow prices to slide as low as US$80 for a year or two, in a move seen aimed at US producers. Kuwait and Iran have since said that they have no plan to cut production. That is putting pressure on companies like Continental Resources and EOG Resources whose share prices are unravelling.

But even as drillers consider cutting budgets for 2015, output may continue to grow through next year and possibly into 2016, according to experts and industry insiders.

What is happening Iran,Kuwait n Saudi throwing oil may drop below 80.....Suma may go back to 25??????...now Dow 330 points down timev9.41.

Dow Jones 16,056.73 -258.46 1.58%
Nasdaq 4,150.36 -76.81 1.82%
............sea of red as at 9.36pm

15/10/2014 [ETITECH] - MULTIPLE PROPOSALS.......why Bursa posted this old news????confusing me!

Isis daily making 1 million on stolen oil.

KUALA LUMPUR: US light crude oil fell to a September 2009 low of US$80.89 in late afternoon trade on Wednesday while Brent crude was down US$1.12 to US$83.92.

The fall in crude oil was triggered by worries oil supply is exceeding demand in a slowing global economy.

These worries have sparked a rout since prices hit the year's high in mid-June. Brent has fallen about US$30 since then, Reuters reported.

Comments from core OPEC members, including Saudi Arabia, Kuwait and Iran, signalling the group was unlikely to cut output to support the market have further depressed prices, the wire report said.

"There is a very old and much-used cliche about standing under a falling knife which is exactly about this situation," said Ric Spooner, chief analyst at CMC Markets in Sydney.

"You've got very strong selling going on and until the market begins to show some signs of losing momentum, it's safest to assume that the worst is yet to come."

A break below support levels may have fuelled selling overnight as investors cut losses or took on short positions in anticipation of lower prices, Spooner was quoted saying by Reuters.

On Tuesday the International Energy Agency cut its demand growth forecast for oil in 2015 as global economies remain weak. Iran said it could live with lower oil prices, after similar signals from Saudi Arabia and Kuwait.

Any expert comment on this article...tks

MULTIPLE PROPOSALS ETI TECH CORPORATION BERHAD (“ETI TECH” OR “COMPANY”) (I) PROPOSED DEBT RESTRUCTURING; (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (III) PROPOSED MA AMENDMENTS, (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

ETI TECH CORPORATION BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description ETI TECH CORPORATION BERHAD (“ETI TECH” OR “COMPANY”)

(I) PROPOSED DEBT RESTRUCTURING;
(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
(III) PROPOSED MA AMENDMENTS,

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the earlier announcement, where applicable, unless stated otherwise or defined herein.)
Reference is made to the Company’s announcement made on 19 August 2014 in relation to the Proposals.
On behalf of the Board of Directors of ETI Tech, Public Investment Bank Berhad wishes to announce that the number of Settlement Shares and Warrants to be issued as partial settlement had been revised to up to 221,767,429 and 166,325,568, respectively. The revisions were due to the adjustments made to the Outstanding Debts amount following the completion of the verification exercise for the proof of debts.
Further details on the amendments are set out in the attachment to this announcement.
This announcement is dated 15 October 2014.
Attachments

KUALA LUMPUR: US light crude oil fell to a September 2009 low of US$80.89 in late afternoon trade on Wednesday while Brent crude was down US$1.12 to US$83.92.

The fall in crude oil was triggered by worries oil supply is exceeding demand in a slowing global economy.

These worries have sparked a rout since prices hit the year's high in mid-June. Brent has fallen about US$30 since then, Reuters reported.

Comments from core OPEC members, including Saudi Arabia, Kuwait and Iran, signalling the group was unlikely to cut output to support the market have further depressed prices, the wire report said.

"There is a very old and much-used cliche about standing under a falling knife which is exactly about this situation," said Ric Spooner, chief analyst at CMC Markets in Sydney.

"You've got very strong selling going on and until the market begins to show some signs of losing momentum, it's safest to assume that the worst is yet to come."

A break below support levels may have fuelled selling overnight as investors cut losses or took on short positions in anticipation of lower prices, Spooner was quoted saying by Reuters.

On Tuesday the International Energy Agency cut its demand growth forecast for oil in 2015 as global economies remain weak. Iran said it could live with lower oil prices, after similar signals from Saudi Arabia and Kuwait.

Global sell down is good for mkt but d sudden over supply of crude by Saudi is questinable.Arabs hv no brains n they r being dictated so d crooks behind d present situation US is d master mind?

http://www.nst.com.my/node/42549

And whatever the reasons for the fall, lower energy costs should actually help to kick-start global growth," it added.

Energy research group Douglas-Westwood said investors will be watching an upcoming OPEC meeting in November.

Other producers failed to follow suit, however, both within the Organization of the Petroleum Exporting Countries and among new petroleum powers such as Britain and Norway. Prices fell into a years-long slump, leading to 16 years of Saudi budget deficits that left the country deeply in debt.......Saudi have to stop over production b4 it goes into debt.

After d Asian crisis Govt started merging d banks, going forward is d right direction.Govt should also see that GLC plantation companies increase d present yield from 20 to 25mt.

Our index now green why..plantation stocks up up shame on plantation companies who r not improving d YIELD?

"Some say fruits rotting n not being harvested" becoz no wirkers..to me is rubbish.First increase d yield to 25mt from 20mt with good agricultural practise n pay d workers handsomely, they will do an excellent job. My working days Bangla employed by d estate were given harvesting contract on piece rated basis , they used to work late in d evening each earning more then rm2000 but d manager only think of his fat bonus n never go to field. Never give harvesting contract to locals they suck d workers blood.

TSH aims to raise FFB output in Indonesia to 30pc
13 OCTOBER 2014 @ 3:44 PM

PETALING JAYA: TSH Resources Bhd expects its fresh fruit bunches (FFB) production in Indonesia to increase further to 30 per cent per annum over the next five years.
13/10/2014 18:18
X
According to Maybank Kim Eng Research, TSH Resources achieved the best crude palm oil yield for 2013 at 5.3 tonnes per ha, boosted by its high FFB yield of 25.3 tonnes per ha and oil extraction rate of 21 per cent.

TSH Resources bagged the 2013 best stock performance and 2014 highest profit growth awards evaluated by The Edge Billion Ringgit Club.
13/10/2014 18:20
X
21% oil extraction rate (OER) is low with todays modern oil mill.When d fruit is harvested d bunch falls to d ground n d loose fruits r spilled on d ground n every loose fruit must be collected. During my working days in d early 70s' manager "whiteman" one loose he spots on d ground d field supervisor gets a warning letter or sacked n used to get 24% OER with d olden oil mill.Poor mill supervision also lead to wastage n reduce OER but end of d day is common sense,supervision n no laziness please.
13/10/2014 18:28
13/10/2014 18:29
X
25.3 mt FFB yield/ha/annum is highly commendable but 21% OER, something is wrong?
13/10/2014 18:31
X
Felda n Sime only getting 20 mt FFB/ha/annum pulling index down instead of defending.Try to recall during d Asian Crisis palm oil saved d nation
13/10/2014 18:33

However strong d counter but follows d index.In our we r lucky we have palm oil but sad part d giant plantations productivity negative...please read as follows:

Plantations managed to buck the trend, with United Plantations up 52 sen to RM26, KL Kepong 20 sen to RM20.18, Genting Plantations six sen to RM3.42, IJM Plantations six sen higher at RM3.42 and IOI Corp four sen up to RM4.72. Ta Ann gained four sen also to RM3.80.

Those countries who r not doing economically well they shd be making profit now because of cheap energy so there is some theory is behind d oil drop.

We have been reading in Starbiz n other related magazines about 2mths ago that shares r over heating n may go for major correction...good enough is taking place.Many experts here, did anyone here sent a caution message.I still say that the present scenario some master mind r behind this...i feel this way...shame on me I spend a lot of time reading never caution myself.I was all d while thinking that this may take place during d yearend school n seasonal holidays, d experts knew this they outwit s the smart guys????????

......mmmmmmmmmmmmmmm

Latest news @ 11.10 pm Dow green 11 points n Suma chart positive!!!!!!!

Felda only getting 20 mt FFB/ha/annum cannot survive?

25.3 mt FFB yield/ha/annum is highly commendable but 21% OER, something is wrong?

TSH aims to raise FFB output in Indonesia to 30pc
13 OCTOBER 2014 @ 3:44 PM

PETALING JAYA: TSH Resources Bhd expects its fresh fruit bunches (FFB) production in Indonesia to increase further to 30 per cent per annum over the next five years.
13/10/2014 18:18
X
According to Maybank Kim Eng Research, TSH Resources achieved the best crude palm oil yield for 2013 at 5.3 tonnes per ha, boosted by its high FFB yield of 25.3 tonnes per ha and oil extraction rate of 21 per cent.

TSH Resources bagged the 2013 best stock performance and 2014 highest profit growth awards evaluated by The Edge Billion Ringgit Club.
13/10/2014 18:20
X
21% oil extraction rate (OER) is low with todays modern oil mill.When d fruit is harvested d bunch falls to d ground n d loose fruits r spilled on d ground n every loose fruit must be collected. During my working days in d early 70s' manager "whiteman" one loose he spots on d ground d field supervisor gets a warning letter or sacked n used to get 24% OER with d olden oil mill.Poor mill supervision also lead to wastage n reduce OER but end of d day is common sense,supervision n no laziness please.
13/10/2014 18:28

21% oil extraction rate (OER) is low with todays modern oil mill.When d fruit is harvested d bunch falls to d ground n d loose fruits r spilled on d ground n every loose fruit must be collected. During my working days in d early 70s' manager "whiteman" one loose he spots on d ground d field supervisor gets a warning letter or sacked n used to get 24% OER with d olden oil mill.Poor mill supervision also lead to wastage n reduce OER but end of d day is common sense,supervision n no laziness please.

According to Maybank Kim Eng Research, TSH Resources achieved the best crude palm oil yield for 2013 at 5.3 tonnes per ha, boosted by its high FFB yield of 25.3 tonnes per ha and oil extraction rate of 21 per cent.

TSH Resources bagged the 2013 best stock performance and 2014 highest profit growth awards evaluated by The Edge Billion Ringgit Club.

TSH aims to raise FFB output in Indonesia to 30pc
13 OCTOBER 2014 @ 3:44 PM

PETALING JAYA: TSH Resources Bhd expects its fresh fruit bunches (FFB) production in Indonesia to increase further to 30 per cent per annum over the next five years.

PETALING JAYA: Oil and gas (O&G) player Alam Maritim Resources Bhd is not too worried about falling oil prices, as it considers it a short-term issue that will not affect the demand for O&G support services.

“The drop in oil price is a short-term issue. We don’t think it will affect production, likewise, the O&G operations. The demand for support services remains strong and other maintenance activities are still in active mode,” group managing director and chief executive officer Azmi Ahmad told StarBiz.

PETALING JAYA: Oil and gas (O&G) player Alam Maritim Resources Bhd is not too worried about falling oil prices, as it considers it a short-term issue that will not affect the demand for O&G support services.

“The drop in oil price is a short-term issue. We don’t think it will affect production, likewise, the O&G operations. The demand for support services remains strong and other maintenance activities are still in active mode,” group managing director and chief executive officer Azmi Ahmad told StarBiz.

http://www.thestar.com.my/Business/Business-News/2014/10/13/Alam-Maritim-sees-falling-oil-prices-as-shortterm-issue/

Shares poised to trend higher
13 OCTOBER 2014 @ 12:26 AM

BURSA Malaysia shares are expected to rebound and trade higher this week in reaction to 2015 Budget.

There should be an across-the-board technical rebound on Bursa as a result of the oversold situation last Friday, following the Asian markets’ selldown.

Investors are expected to nibble on selected heavyweights, blue chips and small caps to keep the benchmark FTSE Bursa Malaysia KLCI trending marginally higher over the trading week.