https://www.nst.com.my/business/corporate/2024/09/1111242/gamudas-net-profit-drops-rm91213mil-revenue-rises-rm1334bil

History shows a lot of promises by pmx when he becomes pm such as lower petrol, resolve MA63, etc. With MA63 now he realizes that petronas revenue will become less and affect the fed govt income. Govt had already approved civil servant salary hike which will becomes 'a monthly commitment' and not a one-off payment. Savings from Diesel subsidy cut which will become less may not be enough.

The uncertainty in the World Markets especially in the US is also bringing down the price.

14.680 with 1.2M Bids against 14.700 with 3.0M Asks at 4pm. Big volume fighting. How to move...🤔😴

pmx was in umno before. he was the deputy president. did he mention this issue when he was in umno?

Cannot simply pay. Public Company. The management must be able to 'justify' that such tax is required under the Tax Law. Otherwise if auditor comes and discovers a person is not protecting the company's interest, he might face legal action by the company. Nowadays we hear news of 'new management' of a company taking legal action on 'former management' pertaining to their action & decision making related to the company's interest. Similar to our politics.

Don't dare to hold for dividend entitlement due to the timing schedule of the US job data announcement on Friday night. If US market fall, Bursa may also fall on Monday morning.

Going downtrend after dividend ride. May be reversal mode before next coming dividend March 2025.

My itchy fingers eventually press keyboard to SELL and take profit during early opening. Dont dare to hold this counter beyond Dividend Ex date. Yesterdays KLCI increase did not represent the overall bursa market which was mostly down.

Analysts should be brave to announce price call to 'SELL'. Not even a 'HOLD'.

Profit drop but price up. KLCI also up. But overall market, most counters down. Very contradicting. Giving me the creeps and uncertainty feeling. Wonder what is going to happen to the stock market.

On Dividend Ex-Date we standby our fingers on the keyboard. Whether to Sell or Not to Sell. Wonder whether will it go further up or move downwards. Praying very hard for Uptrend continuation.

FBM KLCI up. But why most counters in Bursa down? Are the Local Institutions pumping in funds?

Div 10sen/share. After Dividend Ex date price may drop even further.

EPF must continue pumping in fund to ensure Petronas remain strong in composite index. Previous RM16 range is not good for market capitalization. Otherwise other strong counters in the main board are trying to enter composite index lists.

EPF pumping. Is Ron95 subsidy rationalization coming soon?

Wonder at what level will the composite index close for tomorrow.

Already advised last week to stay out.

Already advised 2 days ago.

Market 🔽 Ringgit 🔼 🤔

Bet that US market will dip further next week for fear of recession despite US Fed rate cut. Counter may also deep further after Dividend Ex date. Either save money or spend to buy in stages with expected lower price from time to time.

1 Aug issuing ESOS again. 9,500 shares.

US market up & down with uncertainty. Our market also affected and affecting further those related to Diesel rationalization. EPF pump in fund to help counter price, while those who were earlier stuck with the price fall from RM20+ to RM17 now taking advantage to sell and exit counter.

Chart shows no hint on reversal pattern. Chemical market in uncertainty. US market up & down. How come you guys are still here? Why not wait for the downtrend to stop before taking position. Most have made profit this year at RM7++

https://www.nst.com.my/business/corporate/2024/07/1083225/construction-stocks-likely-see-more-upside-newsflow-contract-wins

A lot of traders will be taking profit this week from last week attractive low price. Even pump the price higher also the price might go down again.

Relying on EPF to pump in fund for support. Cant imagine price without EPF. Composite index need to show market still good.

Growth price more important than Dividend.

Need to pump price higher before Dividend Ex date. Going to have 0.100 price adjustment after Ex date. Not including other sell off that may occur due to any upcoming market sentiment.

Drop from US market fall sentiment. Then local institution disposed 1.2M shares. Wrong timing of transaction. Now price trying to climb back again after battle. May take some time.

So frequently issuing ESOS. 92,200 shares. Timing of issuance during US Market fall. Huge retracement. Now it takes time to climb back up again.

SALE. Buy make money before it goes back to RM8 and above.

https://theedgemalaysia.com/node/719790
Petronas may lose part of revenue to Petros, capex may be hit — RHB IB

Assuming14.440-9.980=4.460

Need to push price gains more than +0.250 to make sure counter returns back to normal. Otherwise intraday traders who bought cheap yesterday will try to goreng to make fast profit by noon.

Luckily this counter closed with no changes today. Others mostly down with red syndrome. Not sure about tomorrow.

If 1 week like this we can pick up the pieces at 6.

Fed Govt debt RM1.22trillion as of end April 2024. Pmx needs fund to pay increment for civil servants salary promise by year end involving RM10billion. Salary is a monthly commitment. So Ron95 subsidy cut will be next in line after diesel. This counter may drop even further. May rely further EPF support when any downward in price occur. RM20 looks impossible.

https://www.bernama.com/en/news.php?id=2318568
Optimist news FBMKLCI expected to hit 1730 by year end. Gamuda will jump up high. Need seatbelt guys.

Sold at RM7 range way months ago. You guys are daredevil. Still loyal even though the chart is still on continuous downtrend. Do you all foresee a sudden reversal breakout?

Is there enough money to pay the salary increment with only diesel subsidy cut? Don't think so. Like it or not will have to cut Ron95 to fulfill salary increment promise. Whereas the promise for 'minyak turun harga' is no longer valid. Scammer in the house.

Simply meaning he's not going to vote for pmx at all. Mission impossible.

May be EPF volume disposal triggered profit taking. Possibly want to support petronas dagangan which drop badly especially after diesel subsidy cut 😂

GST good due to transparency via transaction evidence. Without GST many can manipulate on paper to avoid tax. Better revenue compared to SST. And much better than subsidy cut.

Ringgit too dependent on Federal Reserve Interest rate cut. That's why we always here announcement Ringgit will appreciate since last year but nothing happened with value still above RM4.50 for 1USD. Unlike our neighbour's SGD Sing Dollar where the economy is fundamentally strong and GST in place. Our FM & DFM has no academic finance & economy background qualification. Instead, using savings from subsidy cuts for expenditure.

What's the purpose of us voting and having Government & Ministers. They have the power to propose amendments to any existing weaknesses in the laws to protect the citizen. Not to be a reporter or a messenger in parliament. FM & DFM has no academic finance & economy background qualification. Only relying on the qualified FM2.

Some politicians don't steal money. But they don't know how to rule and generate income. Instead they use savings such as cutting subsidies to use as expenditure. By denying to implement GST and with Subsidy Cuts the country is losing billions in revenue. While citizens suffer inflation cost rise.

Still strong. Price drop below 4 and pushed up high again within one day. Deep range. Many made money from Intraday trading.

Friday price drop with additional listing. Monday price can spike back up very fast.

Reason why they are called politicians. Spinning is the way of life and survival. End up we are the one working hard for our future. They take credit from our achievement. While we suffer from their mistake in decision making.