today can close below rm3 ??

more bad news coming ....

LATEST NEWS, CORPORATE
Technicals
Palm oil may rise into 2,649-2,698 ringgit range in 3 mths
By Reuters / Reuters | December 30, 2015 : 12:13 PM MYT
Printer-friendly versionSend by emailPDF version
Translated by Google Translator:
Select Language​▼
SINGAPORE (Dec 30): Palm oil may rise into a range of 2,649-2,698 ringgit per tonne over the next three months, as indicated by its wave pattern and a Fibonacci ratio analysis.

The pattern developed from the Sept. 2, 2014 low of 1,914 ringgit and consists of three waves, with the third wave labelled (c) expected to be much longer than the first wave labelled (a).

Most likely, the wave (c) will be 1.618 times the length of wave (a), to travel to 2,649 ringgit, the 161.8 percent Fibonacci projection level.

This target is close to 2,698 ringgit, the 38.2 percent Fibonacci retracement on the fall from the Feb. 10, 2011 high of 3,967 ringgit to 1,914 ringgit.

Based on this retracement analysis, the next resistance will be at 2,698 ringgit, as palm oil has cleared a resistance at 2,399 ringgit, the 23.6 percent level.

In the meantime, a trendline descending from 3,967 ringgit has been broken, signalling a reversal of the downtrend from this level.

A detailed study on the structure of the wave (c) suggests a further gain as well.

Three small waves make up the wave (c), with the third wave labelled c unfolding towards 2,629 ringgit, its 61.8 percent Fibonacci projection level.

At its full capacity, the wave c could extend to 2,857 ringgit, the 100 percent projection level. Support will be at 2,401 ringgit, the 23.6 percent level, a break below which could cause a loss towards 2,260 ringgit. - Reuters

good advice .. pls sell .

drop drop drop , run run run

friday is new year .... tomolo bursa got trading ??

if today can close at 2.20 .... then is very good ...

die hard ..... run

then should sell sell sell

70% up
30% down

now 2.01 already .... today can close at 2.20 ??

this fgv n uems same ..... today will close in red.
rubbish counter.

thing dont look good .....
maybe today will close in red ...
becareful ...

just buy .... if fgv reach rm2 ...c7 = 0.15
window dressing ...

why 10% only ?? why not 20% or fly up another 25% ??

pls dont pakai hantam only ...

just sold all .... merry xmas everyone.

but oil price below 40 ...

c7 also good, but price 0.61 expire on 31/5, ratio 2-1
c4, price 0.345 expire on 28/10 , ratio 4-1
both same conversion price at 2.20 ...
anyway, both i better than c8 ....

nope. conversion 4 to 1, so 0.41/4 = 0.1025 ...

i already switch to c4...exercise price rm2.20 n longer expire date.

yes...up up up ...but volume too low.

already said, cheapskate shark ...
buy this share is like paying toll ...
masuk n keluar bayar 0.005 ...
same as DBE, chicken stock ...

tomolo should close above 3.60 ... n merry xmas ....

at last, can see 1 day green ...

However, it managed to record a net foreign exchange gain of RM123.74mil in that quarter.

profit 3QR rm129.85mil ....

so they only earn rm6.11 mil only ??

KUALA LUMPUR: Oil and gas exploration heavyweight SapuraKencana Petroleum Bhd’s earnings fell 62.7% to RM129.85mil in the third quarter ended Oct 31 from RM348.40mil a year ago as it was impacted by the plunge in crude oil prices, forcing it to make allowances for impairments.

It said on Tuesday its revenue rose 19.9% to RM2.89bil from RM2.41bil. Earnings per share were 2.17 sen compared with 5.81 sen.

The higher revenue was mainly due to its engineering and construction division, driven mainly by newly executed international projects in the current quarter and the current financial period, combined with higher scope of works for domestic projects.

During the quarter, it made a provision of impairment on investment of RM28.25mil. It also made a provision of impairment on property, plant and equipment and O&G properties totalling RM317.33mil. This was due to to lower average realised price per barrel achieved, in line with the downward trend for crude oil prices.

However, it managed to record a net foreign exchange gain of RM123.74mil in that quarter.

SapuraKencana said excluding provision for impairment on property, plant and equipment and oil and gas properties of RM317.3mil, provision for impairment on investment of RM28.3mil and changes in provisions of RM80.9mil, profit before taxation was RM462.7mil, which was 12.6% higher than RM411mil a year ago.

In the nine months to Oct 31, 2015, its earnings fell 62% to RM494.63mil from RM1.30bil in the previous corresponding period. Revenue was higher at RM7.95bil from RM7.55bil.

SapuraKencana made a provision of impairment on property, plant and equipment and O&G properties totalling RM857.18mil during the nine months.

morning up 4sen .... now, no power already ...

hope today can above 14 ..

go, go ,go

how to up ?
cheapskate shark want your 0.005 only...
squeeze until dry dry ...

hope got some good news ....

c4 is the best

if 25 .... skpetro become penny stock .

scare 1 day show only

die hard

the only reason skpetro drop so little is bcos of kwsp ....
if not, now already a penny stock ...

Oil may fall below US$30

AS oil traded at around US$35 a barrel this week for the first time since the financial crisis, there is a bet that crude prices may decline below US$30 and possibly at or below US$25 in the first quarter as global supplies grow next year.

London-based hedge fund manager Pierre Andurand, who’s been betting on falling prices since September 2014, expects global supplies to expand by 1.6 million barrels a day and in Opec (Organisation of Petroleum Exporters) nations by 900,000 barrels a day in the first half of 2016.

Demand growth around the world will slow, and begin to decline around 2022, said The Sydney Morning Herald (SMH), quoting Andurand.

Oil prices have plunged by two-thirds since June 2014 amid a worsening global supply glut. The drop has continued in December as the Opec abandoned output limits at a meeting this month and the first interest rate increase by the Federal Reserve in almost a decade have boosted the dollar and reduced the appeal of commodities traded in the US currency, said SMH.

West Texas Intermediate (WTI) for January delivery fell 42 US cents, or 1.2%, to US$34.53 a barrel at 1.24pm on Friday on the New York Mercantile Exchange. The contract dropped to US$34.29 earlier in the day, the lowest since February 2009.

Quoting Andurand, SMH said there was a large probability of Iranian production returning to the market in March or April starting at 400,000 barrels to 500,000 barrels a day.

Goldman Sachs had earlier predicted that crude oil price would hit US$20 per barrel. If Andurand is correct, the US$25 per barrel he expects by early next year could be a precursor to Goldman’s bet of US$20 per barrel.

Nothing will change any time soon now that Congress has repealed a 40-year ban on oil exports, allowing U.S. producers to sell crude overseas. But the surprising change in policy—once strongly opposed by President Obama and fellow Democrats—could become rather significant when (or if) oil prices rise again

With oil prices grounded near $35 per barrel—about 65% lower than the peak in 2014—many U.S. producers have cut back and some may end up going out of business. The break-even price for most U.S. oil producers is between $40 and $50, so there’s no incentive to sell oil overseas, or anywhere, if you’re going to take a loss on it.

The near-zero impact on consumers is one big reason Obama signed the law, which energy companies such as Exxon Mobil (XOM) and Continental Resources (CLR) have sought for years. Gasoline prices are low, and the repeal of the export ban is unlikely to change that. More oil will be flowing into global markets when Iran, which has been subject to sanctions, begins exporting oil again as the sanctions lift. Those low prices for raw crude are the main thing keeping the price of gasoline and other finished energy products low.

If oil rises above $50, however, the picture could change. And the higher prices go, the stronger the incentive will be for U.S. producers to crank up drilling and send the crude overseas. “With higher prices, U.S. producers would produce more again,” says analyst Mark Broadbent of research firm Wook Mackenzie. “In a stronger price environment I’d expect to see more exports and producers eager to ramp up prices.”

That sounds like it might be bad news for consumers, and an oversimplified read of cause and effect in the energy markets might make it seem that way. In reality, however, energy prices in the United States will be set by the global price of oil, which is set by worldwide supply and demand. If U.S. producers export more, it will be unlikely to change gas prices by much, even if prices are high.

That might sound counterintuitive, since it seems like the best way to keep prices low at home is to keep as much of the raw material as possible inside U.S. borders. Here’s the catch: Most of the U.S. oil is of the “light, sweet” variety, whereas most U.S. refineries are configured for heavier crude that comes from places like Canada, Saudi Arabia and Venezuela. Prior to the shale-oil boom—a phenomenon of the last 10 years—heavier crude was the main product available, so the companies that turned it into gasoline made the long-term decision to gear their equipment toward the product they had.

A few refineries have reconfigured their equipment to handle the lighter crude pulled from U.S. ground, but that’s expensive and risky, given that oil prices are so volatile to start with. And the construction of new refineries is fraught with costly regulatory headaches. So the majority of refiners still need the type of oil that comes from outside U.S. borders. The irony is obvious: The bounty of crude produced by the shale revolution has limited use as a domestic product.

Allowing those producers to sell light, sweet crude overseas, however, could reinvigorate the industry—but only if oil prices go considerably higher. If that were to happen, there would be a large new market for U.S. crude, which could generate an even bigger U.S. energy boom than we saw before prices plunged, beginning at the end of 2014. Gas prices would rise, because they depend on the global price of oil, but they’d rise even if all that light, sweet crude stayed inside U.S. borders.

The biggest losers, if oil prices spiked, would be U.S. refiners. Their margins would get squeezed as input prices rose and consumers cut back on the finished product, gasoline. Energy analysts are forecasting low prices for a long time, so maybe we’ll never find out what will happen when American oil hits overseas markets. But oil markets have a way of surprising everyone, and Washington may have unleashed more than it realizes.

ok....buy buy buy ...oil will reach $100 ...

then why no people buy ??

who buy ?? shark playing juggling , left to right , right to left ...

bro, sorry for your lost but uems is on downtrend ...
instead of everyday see uems drop few sen each day, why not buy rubber counter, u cincai poke 1 rubber stock also can earn more than this shit.

why waste time on this shit ?
go buy condom stock better ...

why get 2 share ?

below 30 long time ago already ....

2nd half, maybe will drop more ... :hehe:

wah ..... so hard sell .... but i like ...

should sell now, even shark will get drown in bad market condition.
can collect at 1.60

US raise interest rate got any effect on this counter ??

should below rm1 by end of the month..