Posted by hstha > 2017-08-19 12:23 | Report Abuse

Risk-off sentiment receded.

Gold price has plunged from 1300 to 1284.65.(more than 1%)
https://goldprice.org/

VIX has plunged.
https://www.bloomberg.com/quote/VIX:IND

Trump removed chief strategist Steve Bannon: New York Times

BRENT CRUDE oil price was up 3.31%
https://www.bloomberg.com/quote/CO1:COM

Posted by hstha > 2017-08-19 12:26 | Report Abuse

http://www.channelnewsasia.com/news/business/malaysia-surprises-with-5-8-gdp-growth-may-add-fuel-to-early-9135012

Posted by hstha > 2017-08-19 13:19 | Report Abuse

http://www.theedgemarkets.com/article/credit-suisse-sees-ringgit-improve-410-over-next-few-months

Posted by meistsk3134 > 2017-08-19 21:54 | Report Abuse

Not sure why ringgit will stronger or USS weaker due nobody wan support trump. Other 1 thing i notice usually rm value will rise before election coming same as last election. I see RMB still strong against rm.

Posted by meistsk3134 > 2017-08-19 21:55 | Report Abuse

China is largest exports country yet dare raise their currency

Posted by masterus > 2017-08-21 15:31 | Report Abuse

Lonbisc 7126 will issue right issue, so its boss will goreng the share soon. Stay tune.

Posted by SuperWan > 2017-08-22 20:07 | Report Abuse

Deal called off, think will benefit Maybank and CIMB
http://www.mystock118.com/2017/08/22/hot-deal-called-off-ammb-rhb-bank-scrap-merger/

Posted by masterus > 2017-08-22 20:22 | Report Abuse

BNM’s international reserves now at US$100.4 billion
Tuesday August 22, 2017
03:34 PM GMT+8

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A woman walks pass the headquarters of Bank Negara Malaysia in Kuala Lumpur, March 30, 2015. — Picture by Yusof Mat Isa
A woman walks pass the headquarters of Bank Negara Malaysia in Kuala Lumpur, March 30, 2015. — Picture by Yusof Mat Isa
KUALA LUMPUR, Aug 22 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$100.4 billion (RM431.0 billion) as at August 15, 2017, compared with US$99.4 billion registered as at July 31, 2017.

Posted by meistsk3134 > 2017-08-23 20:22 | Report Abuse

I see maybank cannot hit 10

Posted by stockranger > 2017-08-24 11:13 | Report Abuse

Switching my portfolio to Petronm....................could get better return

Stock: [PETRONM]: PETRON MSIA REFINING& MKTG BHD
Aug 1, 2017 10:50 AM | Report Abuse

Petronm is poised to surge much stronger later with the cup handle formation and limited sellers.

But what I like most are :
1. Strong and consistent FCF
2. Debt running down fast
3. Business growing with good marketing strategy
4. Proven quality management (vs HY's yet to be tested)
5. Dividend payout (HY not paying)
6. Earnings consistently being strengthened
7. Backed by established industry leader in Philippines
8. Forward P/E of at least 10x

Posted by masterus > 2017-08-24 16:05 | Report Abuse

The U.S. dollar weakened on Wednesday as investors reduced exposure in higher-yielding assets after U.S. President Trump’s threat of a government shutdown and comments about the possible termination of a North American trade agreement.
In a speech In Phoenix, Arizona, late Tuesday, Trump warned he might terminate the NAFTA trade treaty with Mexico and Canada after a three-day conference failed to settle deep differences. He also stated that he may shut down the government if he does not get funding for a wall on the U.S. –Mexico border.

Trading conditions were thin as investors awaited speeches from Fed Chair Janet Yellen and European Central Bank President Mario Draghi on Friday in Jackson Hole, Wyoming. Therefore, the market may have over-reacted to Trump’s comments. No one can be certain whether Trump was trying to publicly negotiate changes to the current treaty, or if he was actually serious about ending NAFTA completely.
Forex
Investors didn’t waste time trying to determine whether Trump’s comments were a negotiation ploy or a real threat. They moved money into the Japanese Yen for protection. This move weighed on the U.S. Dollar.
The EUR/USD also rose after the release of strong German and French PMI survey readings.
Essentially, the dollar remained under pressure because the buying was too thin to mount an intraday counter-trend move.
U.S. Economic News
Disappointing U.S. economic data also pressured the U.S. Dollar. Flash Manufacturing PMI came in below expectations at 52.5. Analysts were looking for a reading of 53.4. Flash Services PMI data, however, exceeded expectations. New Home Sales were ugly, coming in at 571K, well below the 611K forecast.
In other news, Dallas Federal Reserve President Robert Kaplan said on Wednesday that high levels of debt in the United States represent an impediment to future growth.
During a Q&A session at the Permian Basis Petroleum Association Membership luncheon in Midland, Texas, the FOMC member also said he wants to be patient and wait for more data before raising argument for removing some monetary accommodation from the economy.

Posted by masterus > 2017-08-26 06:26 | Report Abuse

Us dollar index fall to 92.52

Posted by Adventurer > 2017-08-27 10:18 | Report Abuse

This counter remains the strategic investment arm of Tan Sri who wish to realize higher dividen pay out and appreciation in the value of share. I've faith in him.

Posted by hstha > 2017-08-27 11:05 | Report Abuse

Oil price is likely to surge on Monday due to about 25 percent of U.S. gulf oil output offline due to Harvey

In the short term, markets are keeping a close eye on the possible debt default by Venezuelan oil giant Petroleos de Venezuela SA (PDSVA). This could help prop up the oil market prices...“They have $3.5 billion in national oil company debt coming due in October-November. If they default, that could be significant for Venezuela’s production outlook,” analyst Helima Croft told CNBC’s ‘Squawk on the Street’. Hence the markets could spike...Markets are also keeping a wary watch on the next move of President Donald Trump on Iran. Would the United States abandon the international deal that lifted sanctions on Tehran? This could lead to the renewal of sanctions, impacting Iran’s production and hence market prices...This year, Chinese crude imports have run at record-breaking rates, with the average daily on par with the US imports, at about 8m barrels, the Financial Times noted.

Posted by hstha > 2017-08-27 11:28 | Report Abuse

With depreciation of Greenback and appreciation of oil price Malaysian stocks can consolidate next week.

Posted by masterus > 2017-08-28 10:39 | Report Abuse

At 0635 AEST on Monday, the Australian dollar was worth 79.24 US cents, up from 79.04 US cents on Friday. Westpac’s Imre Speizer said the US dollar, along with bond yields fell following the annual central bankers meeting.
“The eagerly awaited Jackson Hole speeches from (Federal Reserve chair Janet) Yellen and (European Central Bank president Mario) Draghi contained little on monetary policy, disappointing those looking for clues on outlook. The US dollar and bond yields fell,” he said in a Monday morning note.
“The US dollar index closed down 0.6 per cent on the day, to the lowest level since May 2016.” On Monday the Australian dollar would likely stay within the 78.65 to 79.65 US cent range “with a slight upward bias”.
The local currency is lower against the yen and the euro.

Posted by masterus > 2017-08-28 10:42 | Report Abuse

A dealer said US Federal Reserve Chair Janet Yellen’s speech at the Jackson Hole Economic Policy Symposium last week did not provide any clue on the US’s monetary policy outlook.

Meanwhile, it was reported that Hurricane Harvey, which hit southeast Texas, would likely pressure the US dollar further, as damage from the storm may threaten the US economy. Texas's Gulf Coast is home to key oil and gas facilities that make up nearly a third of the US's refinery capability.

Posted by masterus > 2017-08-28 10:45 | Report Abuse

A combination of events put pressure on the U.S. Dollar last week, culminating with speeches by Fed Chair Janet Yellen and European Central Bank President Mario Draghi on Friday.
September U.S. Dollar Index futures settled the week at 92.677, down -0.682 or -0.73%.

U.S. Dollar Index
Weekly September U.S. Dollar Index
More
The week started with the dollar under pressure amid geopolitical tension in North Korea, as investors braced for the annual central bankers’ symposium at Jackson Hole, Wyoming. South Korean and U.S. forces began computer-simulated military exercises on Monday in the wake of North Korea’s weapons programs, angering the Asian communist regime. North Korea denounced the exercises as preparations for a nuclear war.
The dollar bounced higher about mid-week after the Euro was pressured by a weaker-than-expected reading on German investor confidence. Position-squaring ahead of the Jackson Hole symposium also supported the dollar.
The Greenback was also pressured during the week after U.S. President Donald Trump suggested a shutdown of the government was possible and threatened to terminate the North American Free Trade Agreement.
The U.S. Dollar was supported late in the week on increased speculation Republicans and Trump were getting closer to announcing their tax reform plan. President Trump’s chief economic advisor Gary Cohn said the President will start publicly campaigning for highly-anticipated tax reform next week. Cohn told the Financial Times that Trump will begin calling for long-awaited reform next Wednesday when he visits Missouri.
Finally, the week ended with the dollar index plunging in reaction to a surge in the Euro. The EUR/USD rallied to a two-year high after European Central Bank President Mario Draghi mentioned nothing about concerns over a high-priced Euro. Dovish comments from Fed Chair Janet Yellen also contributed to the dollar’s weakness.

Posted by casanwk > 2017-08-28 11:02 | Report Abuse

collect some @9.58

Posted by smartly > 2017-08-28 11:09 | Report Abuse

result is coming out later this afternoon maybe...

Posted by casanwk > 2017-08-28 11:52 | Report Abuse

price strength quite strong
breaking down 9.58 resistance no problem...

Posted by shortinvestor77 > 2017-08-28 17:17 | Report Abuse

9.6 leh.

Posted by masterus > 2017-08-28 18:10 | Report Abuse

China claims victory over India in Himalayan border row
16 minutes ago
From the section Asia Share this with Facebook Share this with Twitter Share this with Messenger Share this with Email Share
Indian soldier along China borderImage copyrightAFP
Image caption
An Indian soldier on the China border - Beijing has reiterated what it says is its right to territory
China says India has withdrawn troops from a disputed Himalayan border area, ending a tense stand-off lasting weeks.
The foreign ministry in Beijing said it was pleased that "trespassing Indian personnel have all pulled back to the Indian side of the boundary".
India's foreign ministry confirmed troops were "disengaging" at Doklam after agreement between the countries.
The row began in mid-June when India said it opposed a Chinese attempt to extend a border road on the plateau.
The area is known as Doklam in India and Donglang in China.

Posted by casanwk > 2017-08-28 18:48 | Report Abuse

above long trend moving average
good volume and price strength still holding
tomorrow add 10 and 20 cents easily...
fly!!!!!

Posted by masterus > 2017-08-28 20:23 | Report Abuse

US Dollar Index depressed near 92.50
By Pablo Piovano
The US Dollar Index – which tracks the greenback vs. its main rivals – remains under pressure at the beginning of the week, now trading in the 92.40 area, near YTD lows.

US Dollar offered post-Yellen

The index has managed to rebound from fresh yearly lows near 92.30 recorded at the very beginning of the Asian session today, although it remains fragile following the innocuous speech by Chief J.Yellen at the Jackson Hole Symposium on Friday.

Expectations of a Fed’s move on rates later in the year appear to be declining among investors, hurting both DXY and yields in the US money markets. In fact, yields of the US 10-year reference are now attempting a rebound above the 2.17% level after bottoming out near 2.16% on Friday.

In addition, another round of the Trump-NAFTA conflict seems to have buried any optimism regarding the future of the tax reform and extra fiscal stimulus via infrastructure spending, all weighing on the buck and keeping USD-bulls at bay.

Data wise today, wholesale inventories, July’s goods trade balance and the Dallas Fed manufacturing index are all due later in the NA session.

US Dollar relevant levels

As of writing the index is losing 0.01% at 92.51 and a breakdown of 92.31 (2017 low Aug.28) would open the door to 91.91 (2016 low May 3) and then 91.51 (low Jan.15 2015). On the flip side, the next up barrier aligns at 93.25 (10-day sma) followed by 93.44 (high Aug.25) and finally 94.14 (high Aug.16).

Posted by masterus > 2017-08-29 07:50 | Report Abuse

The Moment Of Truth For The U.S. Dollar


Summary

The fall since January.

Consolidation, a dead cat bounce, and building cause for a technical breakdown.

The euro could be heading a lot higher.

The dollar is starting to impact commodity prices.

The downside target for the world’s reserve currency.

Posted by smartly > 2017-08-29 10:02 | Report Abuse

water fall... :(

Posted by casanwk > 2017-08-29 10:16 | Report Abuse

omg! esos exercise today
cut loss- kept minimum

Posted by masterus > 2017-08-29 10:31 | Report Abuse

Dollar falls to 4-month low vs yen after N.Korea fires missile
Dollar dropped to a four-month low against the yen
The greenback had been on the back foot after Fed Chair Janet Yellen's Jackson Hole speech made no mention of monetary policy

Posted by luckyparit > 2017-08-29 15:23 | Report Abuse

any suggestion to buy or sell Maybank???

Posted by casanwk > 2017-08-29 16:24 | Report Abuse

still in the downtrend mode
yes whack it down
below esos price

Posted by apanama > 2017-08-29 17:13 | Report Abuse

The correction is over and over done...normally last day August trading gap from low to high will be about 10++ ..i am not surprise..tomorrow MAYBANK will GREEN..and also other banks as well..:)..tomorrow Market FBMKLCI will settle about 1768-1773

Posted by sinai7607 > 2017-08-29 22:19 | Report Abuse

kalu ikut chart pattern 30 day.. Tomorow green..

Posted by apanama > 2017-08-29 22:29 | Report Abuse

yes sinai...its end of August..push....and ASW 2020 PNB fund..:)..

Posted by meistsk3134 > 2017-08-29 23:21 | Report Abuse

NK problem

Posted by masterus > 2017-08-29 23:27 | Report Abuse

This will likely continue to run as an issue for the markets in the background but certainly is one further reason for caution in being exposed to the US dollar versus the core G10 currencies like the yen, euro and Swiss franc.

In addition, the debt ceiling deadline at the end of September and the government shutdown risks will continue to weigh on the dollar over the short-term.

Posted by apanama > 2017-08-30 03:32 | Report Abuse

Thanks masterus for your information...thats mean DOLLAR down..MYR will test RM 4.25-4.20...thats mean..FBMKLCI will continue to test 1,780-1,837 horizon from September onwards. While support remain at 1,767-1,772 onwards beyond September...hope for the best..While MAYBANK..definitely touch RM 9.99-10.12..:)

Posted by apanama > 2017-08-30 03:36 | Report Abuse

definitely market will push thru from end of August (30/8/2017) until early September...plus..logically ..12/9 NajibRazak will meet Trump..definitely market is well supported because want to show Malaysia is OK..:)

Posted by luckyparit > 2017-08-30 09:51 | Report Abuse

today quarterly result should be out, I think it will be good

Posted by kokojerry > 2017-08-30 13:00 | Report Abuse

It's very food

Posted by allanchong1988 > 2017-08-30 13:05 | Report Abuse

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=1155

Posted by sinai7607 > 2017-08-30 13:15 | Report Abuse

wow.. excellent q2.. 23 cent dividen.. Good margin.. Tq maybank

Posted by free2invest > 2017-08-30 13:36 | Report Abuse

Fuyoh! 23 cents of dividend....Thank you very much

Posted by luckyparit > 2017-08-30 13:56 | Report Abuse

buy more, the dividend return is very good

Posted by free2invest > 2017-08-30 14:15 | Report Abuse

But the price is currently on the high side. Will keep dividend for other purpose. Thanks Maybank

Posted by smartly > 2017-08-30 14:36 | Report Abuse

very good indeed.
dividend 23sen. :)

Posted by Mary Tan Ling > 2017-08-30 15:04 | Report Abuse

bila entitlement date?

Posted by meistsk3134 > 2017-08-30 21:22 | Report Abuse

Cannot touch 10 haha

Posted by hstha > 2017-08-30 22:37 | Report Abuse

US revised second-quarter GDP up 3.0% vs 2.7% rise expected

The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years.
GDP revised up more than expected on stronger business and consumer spending

Posted by hstha > 2017-08-31 18:28 | Report Abuse

The world economy has been picking up.
1.Eurozone inflation rises, unemployment at 8-year low.
http://www.businesstimes.com.sg/government-economy/eurozone-inflation-rises-unemployment-at-8-year-low
2.China's official manufacturing PMI beats forecasts.
http://www.marketwatch.com/story/chinas-official-manufacturing-pmi-beats-forecasts-2017-08-30
3. US revised second-quarter GDP up 3.0% vs 2.7% rise expected
https://www.cnbc.com/2017/08/30/us-revised-second-quarter-gdp.html