EPF needs to support skpetro due to its KLCI component. By June if skpetro gets kicked out, then EPF can push up 1.63 and sell out until skpetro drops back to 1.30-1.50 EASILY. EPF always play this trick.

Foreign investors have overweighted Philipines today...you don't know???

Massive resistance 1.63-1.66, support 1.57-1.58. Support will be tested aggressively how much fund EPF has to support all FBMKLCI 30 component counters.

The real reason for sell down today is due to foreign investors reducing exposure to some of the emerging market shares, skpetro included. 1.57-1.58 support will depend on further actions of share selling from foreign institutional investors and how much support from EPF. Let's see.

Last quarter skpetro suffered massive RM1.2b paper loss due to impairment charges, which can only be reversed if the deep water projects start running at higher price. However, at current oil price, the contractor fees have been reduced considerably. Unlikely to go up with near term oil price, unless oil price rally is sustainable.

Fundamentally skpetro is very weak. Partner Seadrill is in deep trouble. Brazil Petrobas is in deep trouble, Brazil politics is in deep trouble. Petronas also cut budget. All these make skpetro share price weak and downtrend. Technically massive resistance at 1.63-1.66 due to overbought zones of 100-200 million shares. Plus risk of being kicked out of KLCI 30 component shares index by May end. Brace for RM1.30 bottom. Pity EPF average buying price for skpetro is much higher despite owning 4% at 1.58. However, last few trading would have earned EPF some profits to cushion this impact.

Told you guys so, MASSIVE resistance 1.63-1.66.

Highest in the history of skpetro share trading.

Values were RM100-200 million plus, of course can get so much lots.

200million skpetro shares traded at 1.65-1.68. Hugh resistance that is hard to break. Contra kaki will start selling at 1.63-1.66.

Contra kaki waiting to sell at 1.63-1.66

Overbought zones 1.63-1.66, very strong resistance.

Dow Jones crashes 200 points, despite rise of oil...

Downtrend now. Will drop to 1.50. Many contra kaki will cut loss.

Brent keeps going down now

foreign investors are selling out multiple counters including skpetro. Ringgit crashing down hard.

IMDB bond interest payment is due tomorrow. Last payment time due on Thursday by noon. Foreign investors selling out first. Goldman downgraded Malaysia in MSCI

1MDB bond interest payment is due tomorrow. Payment due on Thursday noon.

Bumi Armada is going up. Up up up....

very strong resistace 80 cents. drop drop drop

Drop drop drop...

PlsGiveBonus, where did you get the info the Woodside company is bankrupt soon? That is wrong you know? Please check and confirm, thanks.

Going down down down, meet at Holand!

The previous "Dun Tai" ex-CEO of Bumi Armada Hassan Assad Basma who claimed to retire due to "Balik Kampong" actually has cheated Malaysians and jumped ship to HBA Offshore Pte Ltd. Tipu orang punya.

This recent run-up of airasia and AAX shares is more like new year expectation with addition of "short-squeeze", if you know what I mean. Punters start to factor into the current low oil price effect of 20-30% cheaper jet fuel cost which should lead to 20-30% rebound in the earnings, coupled with recent increase in Ringgit values. At the moment, this seems to be true. In medium term, risk remains if assuming oil price keeps increasing from USD 30-50 in the short run, with risk of USD strengthening in view of another rate hike in April 2016 by US FED. This is possible because low oil environment has increased the economic perfomance and jobs requirement in many other sectors. In other words, US economy is heating up fast. When that happens, you can see another downward drift in airasia and AAX share price due to its debt problems, foreign exchange losses and higher jet fuel price. Sell more while it is going up next week, not buying more. Next week is time to sell continuously all airasia and AAX shares that we hold, and wait for next opportunity.

This is a warning sign for further termination of FPSO projects. Imagine if all FPSO projects are terminated, all FPSOs units are sitting idle no business. Go Holand this time. With OPEC trying hard to kill all the nonOPEC producers which include BUMI ARMADA's customers (all are non-OPEC oil giants), this is a grave news. Run as fast as you can. More losses ahead, 50 cents coming with threat of bankruptcy---unless oil price rebound to USD60. Or else, no eyes see.

Insider trading before announcement of results.

If there is surprise earning, those insiders have already bought up Armada to RM1.20, those insiders will never wait for retail investors to buy now at RM1.00, then push up to Rm1.20 for retail investors to profit from contra.

Unlikely to go up to 1.20. For anybody who knows how to value share price against its intrinsic value versus current challenging environment, RM1.20 is unlikely.... Unless got surprise earnings somewhere. But from where?

In Malaysia, insiders trading always benefit themselves. In Amrica, these people will get caught and sent to jail. But this is Malaysia, we Boleh! Insider trading is very obvious in all the pre announcement share trading.

Right now, they already have insider news about the financial report of Bumi Armada, pending release to the general public. If it cannot go up now, that always mean the result is so-so, or bad as usual. If worse, it can easily go down to 80cents.

Punter fund managers are creating a "Doji" at 1.00. That is why they buy sell then waiting for retail investors to come in to sell further. Free cash donation from retail investors making fund managers rich.

Exactly, when they are forced to be long term investor= trapped with paper loss-unable to sell. This is what they wanted retail investors to donate money to them. Another 3 years of holding if you don't mind.

Some local banks came out structured warrant for Armada shares. 1 week later they spread the rumours, cheating retail investors to donate money to them. As simple as that. If you think logically, Armada and MISC merging? It does not benefit MISC at all because armada will burn MIsC's cash...Armada Hugh debt, Petronas wants to assume its debt? Current price too high, not worth merging...All kena tipu Kao Kao!

I already warned everyone since Sunday night.

Those foreign fund managers paid the star reporter to write this rumour with RM100,000. When armada jumped up to 1.20, they sell all and earned RM50million. Waiting for simple minded retail investors to donate money to them to get rich. After that it drops back to 90cents. Sell sell sell!!!

Talk talk only ma... Talk is cheap, true merger is costly with $$$US debt. MISC cash cow, can keep cash to buy low instead of buying now. Sell on rumours!!!

Super bull charge, Fed will increase interest rate soon.

3 years ago Armada at RM10, is equivalent to armada 80cents. Then Ananda sold new shares at RM2.20. This is the difference. Now losing a lot of money.

Tan Sri Zeti said Bank Negara has to build up International Reserve. Foreign investors interpret that as sell Ringgit Buy USDollar. This is all due to Bank Negara Tan Sri Zeti's last comments, resulting in plunge in Ringgit.

Like what I said, that China company bought 4.5% at RM0.05, then push up to RM0.30=600%, then hoo ha hoo ha pumping money RM1.2billion hoo ha hoo ha, then selling to you guys and bye bye, earning rm50million cash from donation of retail investors. Thank you very much for free cash.

Of course we can use con stories to earn money by buy low(5cent), sell high (30cents)... Dreaming of RM1.00? 2 years ago this China company only injected few million yuan into Tiger Brand company. I never heard of such "generous" China company. This is either "unbelievable"! Or Con stories...

2 years ago, this China company was involved in restructuring of bankrupt China Company "Tiger Brand". Now already two years, the Tiger Brand China company is asking local China government to inject capital. You see how "good" will this China company inject ???Billion Ringgit? Con stories.

Since when investment depends on hopes?

I sell I sell I sell sell sell. How many do you want, newcomer123?

Fundamentally perwaja shares worth -RM1.80. This is the fact. If China company wants to be major shareholder, they should start buying from open market which is much cheaper. After months of talk kok, not even 5% perwaja shares are accumulated. I see lots of distribution at 30cents. China man not finished dumping yet. So they support at 26 cents. Once retail investors sapu all, then you see "Sayorana!!!"

Going no where for sure. Time to take profit.

This China company is using the same trick to pretend to be Perwaja's white knight. What are the benefits? By goreng shares to earn easy money and left?

06Sep2013, this China company was involved in restructuring of "Tiger Brand" China company which nearly went bankrupt due to high debt load. At the moment July 2015, this Tiger company is still mired in debt, restructuring is still ongoing, requiring assistance from local China government.

Imagine if I invest RM1 billion into a company, then I told everybody I have no intention to take over your company 100%. This sounds like I am crazy, agree or not? This is exactly what the China Man company said in the "Master Plan Agreement". Or it is "Master Plan" to trick retail investors Kao Kao? You guys think about it yourself.