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9 comment(s). Last comment by kohsk4115 2016-03-24 11:29

Up_down

4,338 posts

Posted by Up_down > 2016-03-23 10:25 | Report Abuse

Don't be surprised when FF continues to pump more money into KLSE and RM would return to RM 3.8. The trend is reversing with the support from positive sentiments. What would happen if FF snap up another RM 10 billion shares this year?

FF Enter/(Exit) KLSE:

Year 2010 + RM 15.9 billion
Year 2011 + RM 1.8 billion
Year 2012 + RM 13.7 billion
Year 2013 + RM 2.4 billion
Year 2014 ( - RM 6.9 billion )
Year 2015 ( - RM 19.5 billion )
Year 2016 + RM 4.1 billion (until now)

Jeffbkt

132 posts

Posted by Jeffbkt > 2016-03-23 10:28 | Report Abuse

You should worry more when they will exit rather than when they come in as these are all hot money. They are not here for long.

Only when the tide goes out do you discover who's been swimming naked. Warren Buffett

Up_down

4,338 posts

Posted by Up_down > 2016-03-23 10:36 | Report Abuse

In general, the majority of the counters are benefited when FF enters local bourse. If you still believe in export theme play, the consequence could be worrisome.

mjy88

146 posts

Posted by mjy88 > 2016-03-23 10:42 | Report Abuse

IMHO there are still a few attractive good counters doing export business. I don't categorise them as "export" counters. In fact, exporting is just another strategy to gain even bigger market beyond the local homeland. Business is all about growth. Business prospect is way more important than forex gains. A company that relies solely on forex gain is currency exchange/money changer, not furniture or electronics company, they cannot survive.

Companies with QoQ net profit growth achievement between 50% to 100% are experiencing real growth. Rough estimation, excluding forex gain QoQ (about 20%),they are still growing at around 30% to 80% range. Not good?

Just my 2 cents.

Apollo Ang

3,181 posts

Posted by Apollo Ang > 2016-03-23 11:07 | Report Abuse

quickly sell topglove....when ringgit 4.10 topglove 4.80 2 weeks ago, now ringgit 3.96 topglove should be 4.60

daizan55

165 posts

Posted by daizan55 > 2016-03-23 13:26 | Report Abuse

how about scientex?

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2016-03-23 13:53 | Report Abuse

Big investor,China is investing rm8bln in the fast train and others are coming.Maybe can invest in Mymmar/Burma but still a long to go and generally the purchasing power is very low.

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2016-03-23 13:54 | Report Abuse

Correction...a long way to go....

kohsk4115

51 posts

Posted by kohsk4115 > 2016-03-24 11:29 | Report Abuse

mjy88 any good example? Pohuat?

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