Posted by snowball001 > 2017-10-21 19:34 | Report Abuse

Bursa M'sia expected to recover next week on bargain hunting
http://m.thesundaily.my/node/494961

Posted by tecpower > 2017-10-22 09:40 | Report Abuse

FTSE Bursa Malaysia Small Cap Index
https://www.advfn.com/stock-market/FTSE/FBMSCAP/chart

Posted by Frontline > 2017-10-23 13:26 | Report Abuse

In the downtrend direction.

Posted by ganapathy18 > 2017-10-24 08:45 | Report Abuse

Will this bounce back? It keeps sliding.

Posted by SoSo > 2017-10-24 15:25 | Report Abuse

please let me buy at 8.88

Posted by fmbklci > 2017-10-24 17:25 | Report Abuse

yeah. drop further please. especially near the next dividend date

Posted by fmbklci > 2017-10-25 09:04 | Report Abuse

all banking stocks also down

Posted by luckyparit > 2017-10-25 09:06 | Report Abuse

DRP is at 9.00, good level to accumulate and budget coming soon

Posted by casanwk > 2017-10-25 13:21 | Report Abuse

good! good! keep rolling out esos
lower esos 8.71, expect price to drop to this level too
on hold temporary!

Posted by masterus > 2017-10-25 14:00 | Report Abuse

The argument for re-denomination

A contemporary model for Vietnam is Belarus. In 2016 the Belarusian ruble was re-denominated by taking four zeros off the currency. Before re-denomination, US$1 was about 20,000 rubles, making it comparable to the current dong. What was 10,000 BYR is now 1 BYN, so 1 USD is about 2 BYR.

The new currency is modeled on the euro, with coins similar in style to the euro also introduced. The smaller denominations are easier to remember, and spending low denominations feels more sensible as a consumer.

Removing four zeros would turn a 10,000 dong note into a 1 dong note, and US$1 would equal about around 2 dong. To give an idea of the change, notes currently in circulation would convert as follows:

500 = 0.05
1,000 = 0.10
2,000 = 0.20
5,000 = 0.50
10,000 = 1
20,000 = 2
50,000 = 5
100,000 = 10
200,000 = 20
500,000 = 50

The new dong would pave the way for a reintroduction of coins (not counting the rare coins currently in circulation). If Vietnam plans to go cashless by 2020, then maybe coins will be redundant. But at least the option would be there.

A re-denomination would have positive effects such as becoming a currency that is taken seriously. Large projects would be quoted in dong instead of US dollars, as Thailand quotes in baht for its big projects. And eventually you might be able to exchange your leftover dong at exchange booths around the world, which most places won’t deal with.

If Vietnam is to maintain its economic success, and aspire to being ASEAN’s “Silicon Valley”, it is time to consider re-denominating the dong.

Posted by masterus > 2017-10-25 14:13 | Report Abuse

Spotlight: Cambodia's central bank encouraging use of Chinese yuan
Source: Xinhua| 2017-10-25 01:51:13|

PHNOM PENH, Oct. 24 (Xinhua) -- The National Bank of Cambodia (NBC), the country's central bank, has been encouraging businesses and individuals to use renminbi (RMB), or the Chinese yuan, in order to further increase trade and investment volumes between the two countries, officials said on Tuesday.
Seventeen out of 54 banks in the country currently transacted in yuan, and four of them, Bank of China Phnom Penh Branch, Industrial and Commercial Bank of China (ICBC) Phnom Penh Branch, Canadia Bank, and First Commercial Bank, received deposits in yuan, said NBC's deputy governor Neav Chanthana.
"The use of yuan will provide a lot of advantages to Cambodia, especially in attracting more Chinese investors and tourists," she said during a conference here on the Belt and Road Initiative, which was themed Promotion of the Use of RMB and KHR (Cambodian currency riel) in Cross-Border Trade and Investment.
The half-day conference brought together about 200 representatives of banks, financial institutions and companies in Cambodia.
Chanthana said more banks in Cambodia are willing to accept RMB for cross-border settlements.
"The promotion of RMB and KHR is in line with the Cambodian government's policy to support the Belt and Road Initiative," the deputy governor said. "It will increase China and Cambodia's economic and financial linkages."
She added that the Cambodian government has also allowed Chinese tourists to use RMB.
NBC's director-general Chea Serey said the conference was aimed at encouraging companies to settle their business transactions in yuan.
"We want Cambodian and Chinese traders to settle their business transactions in either yuan or riel," she told reporters on the sidelines of the conference. "By doing so, we can reduce or eliminate exchange rate risks for traders."
Pan Hongsheng, deputy secretary-general of the People's Bank of China's Monetary Policy Committee, said, "The status of China as a major trading and investment country and the Belt and Road Initiative will bring broad space and development potential for RMB internationalization."
He added that RMB settlements for overseas financial institutions and enterprises would eliminate exchange rate risks and promote trade and investment ties with China.

Posted by tecpower > 2017-10-30 20:23 | Report Abuse

Today and last Friday foreigh funds were net buyers.

Today's news

Emerging Markets Lead Global Equity Rebound Stock markets in India and Brazil and have led the global recovery from summer lows as fears over North Korea have receded

EMERGING MARKETS-Stocks see biggest gain in 3-weeks, South Africa lags

WORLD VIEW-Why stocks in emerging markets, including India, will continue to surge

Posted by rays > 2017-10-31 02:08 | Report Abuse

10 ringgit when pass

Posted by masterus > 2017-11-01 07:03 | Report Abuse

Brent now at $60.90/barrel.

Posted by masterus > 2017-11-01 09:36 | Report Abuse

Brent break $61 and above.

Posted by pundekman > 2017-11-01 11:13 | Report Abuse

when drp credited into cds?

Posted by bursaman > 2017-11-01 11:22 | Report Abuse

Switching all my Maybank and PublicBank into Petronm, hehe

Posted by smartly > 2017-11-01 19:25 | Report Abuse

just gotten my dividend but drp shares not yet...

Posted by jaCKyFoo > 2017-11-08 23:45 | Report Abuse

buy if drop below 9

Posted by Sales > 2017-11-09 13:52 | Report Abuse

Below RM9.00 can collect:)

Posted by shortinvestor77 > 2017-11-10 08:31 | Report Abuse

http://www.klsescreener.com/v2/news/view/304669

Posted by Wei Wong > 2017-11-10 15:35 | Report Abuse

Rebound edi too late

Posted by Vizhai > 2017-11-10 15:38 | Report Abuse

Got other bank can recommend to buy?

Posted by Vizhai > 2017-11-10 16:52 | Report Abuse

up and drop back again,

Posted by Jeffreychuah > 2017-11-10 17:10 | Report Abuse

Looked good to rebound

Posted by hstha > 2017-11-10 23:55 | Report Abuse

It's not just the US — emerging markets are having a record year
https://www.cnbc.com/2017/11/09/its-not-just-the-us--emerging-markets-...

A stronger U.S. dollar and higher interest rates in the U.S. typically hurt emerging market equities, as a stronger greenback may appear more attractive to foreign investors. Furthermore, some emerging markets are tethered to dollar-denominated commodities such as oil.

The dollar is unlikely to strengthen substantially from here, which should prove further support for emerging markets, said Gina Sanchez, CEO of Chantico Global.

"We like emerging markets because of the expansion of trade, and the fact that that has yet to make its way into the bottom line in terms of sales," Sanchez said Wednesday on "Trading Nation," adding that sales in many emerging markets' firms are continuing to grow.

Sanchez said even as price-earnings ratios in the space have expanded, much of that has simply been evident in emerging market technology stocks, and she still likes emerging markets.

Posted by LeeFoundation > 2017-11-12 22:11 | Report Abuse

Ooi Teik Bee According to the chart I checked.

Bought Petdag on 1/1/2007 at 3.43.
Price on 30/12/2013 at 28.54.
You must make a lot of money.

Bought Petdag on 1/1/2014 at 28.54.
Price on 10/11/2017 at 21.60.
You must lose a lot of money.

If you believe very strongly on Petdag, Petdag is on strong down trending now, please buy more at 21.60 now.

I need to correct my earlier statement, the price of Hengyuan will overtake the price of Petdag in 2019, definitely not 5 years.

Thank you.
Ooi
12/11/2017 15:58

Pls note Petronm will fly together with HY too

Posted by Jeffreychuah > 2017-11-13 15:12 | Report Abuse

May bank

Posted by faithful > 2017-11-14 09:45 | Report Abuse

what happened to this counter? why up and then down so fast?

Posted by swissvillage > 2017-11-14 12:24 | Report Abuse

Kesm is a good semiconductor stock with a low P/E. Uptrend

Posted by Jeffreychuah > 2017-11-14 21:19 | Report Abuse

2morow might up again. Prepare some bullet for May bank c31

Posted by Jeffreychuah > 2017-11-14 21:19 | Report Abuse

Some good news in the corner

Posted by Jackylau10 > 2017-11-15 12:53 | Report Abuse

Mornimg down..guess afternoon will go up.take opportunity to masuk c31

Posted by confidential > 2017-11-15 17:31 | Report Abuse

Index close in bear zone...maybank back below ma20 despite yesterday closing above it...tomorrow will decide the trend either breakout from ma20 and support index or down together with index...

Posted by Jackylau10 > 2017-11-16 21:10 | Report Abuse

Looking good still

Posted by confidential > 2017-11-17 11:13 | Report Abuse

epf and asb buying in already, resistance at ma20 9.23 next ma50 9.47, then ma100 9.55...

Posted by Jackylau10 > 2017-11-17 14:00 | Report Abuse

Buying more c31

Posted by wong > 2017-11-17 15:20 | Report Abuse

tigeriang

Posted by shortinvestor77 > 2017-11-18 17:54 | Report Abuse

Banks performed good in this 3rd Q generally (Bank Negara 3rd Q report).

Posted by masterus > 2017-11-20 13:21 | Report Abuse

Select Language​▼
CORPORATE
FROM THE EDGE
Rate hike to come on the back of a stronger ringgit
Supriya Surendran & Chester Tay
/
The Edge Financial Daily

November 20, 2017 10:38 am +08

This article first appeared in The Edge Financial Daily, on November 20, 2017.

-A+A
KUALA LUMPUR: The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.000 to the US dollar in the next 12 months.

The local currency has strengthened 7.4% year to date against the US dollar — the second best-performing currency in Southeast Asia after the baht which gained 8.4% in the same period according to Bloomberg data. The ringgit closed at a fresh one-year high of 4.1610 to the greenback last Friday.

Barclays plc senior regional economist Rahul Bajoria is one of the few economists who predict the ringgit could hit the 4.000 to 3.950 mark, premised on stronger economic growth, international reserves and current account balances.

“We think the ringgit remains attractive and should continue to appreciate in the next 12 months. We like the currency based on [the country’s] strong economic growth, improving reserves and current account balances,” he told The Edge Financial Daily via email.

Deutsche Bank head of Asia macro strategy Sameer Goel pointed out that Malaysia’s balance of payments is sensitive to interest rate differentials, and it would be important to see the basis between global rates and those in Malaysia.

“We expect the same to narrow, as the US Federal Reserve is likely to hike rates in December and another three times in 2018. That said, the ringgit is cheap on the average of our valuation models, and so any likely fallout on the currency should be limited,” he explained.

Posted by wantocin > 2017-11-21 18:25 | Report Abuse

qr may be 24 nov

Posted by masterus > 2017-11-22 13:35 | Report Abuse

KUALA LUMPUR: The ringgit was higher against the US dollar early Wednesday as demand for the local note intensified with heightened investor confidence in the currency's fundamentals.

Dealers attributed the positive spillover to Malaysia's 6.2 per cent economic growth in the third quarter of this year and the dollar's subdued performance.

At 9 am(0100 gmt), the local unit was traded 120 basis points higher at 4.1260/1290 against the greenback from Tuesday's close of 4.1380/1420.

OANDA Head of Trading Asia-Pacific Stephen Innes told Bernama the ringgit has been unfettered by the Europen Union's political noise or the recent bid in the dollar across broader markets.


“As it stands, a January 2018 rate hike looks all, but, certain and the robust Q3 GDP does suggest an additional rate hike for 2018, suggesting the ringgit has a long way to go before the currency runs out of gas,” said Innes.

Meanwhile, the ringgit was traded higher against a basket of major currencies.

The ringgit appreciated against the Singapore dollar to 3.0475/0504 from 3.0525/0568 on Tuesday and increased against the yen to 3.6741/6771 from 3.6805/6844 Tuesday.

The local unit improved versus the euro to 4.8435/8483 from 4.8526/8586 and rose against the British pound to 5.4653/4705 from Tuesday's 5.4779/4836. -- Bernama


Read more at https://www.thestar.com.my/business/business-news/2017/11/22/ringgit-higher-against-us$/#ASQxZYBgz0JeMQTo.99

Posted by masterus > 2017-11-22 19:15 | Report Abuse

KUALA LUMPUR (Nov 22): The ringgit strengthened to 4.1180 this afternoon against the US dollar, its highest in 27 months since it closed at 4.1058 on Aug 19, 2015.

Year to date, the ringgit has appreciated 8.2% from 4.4862 against the US dollar on Dec 30, 2016.

Reuters reported that most Asian currencies firmed on Wednesday on the back of a weakened US dollar on dovish comments from Federal Reserve chair Janet Yellen, who stuck by her prediction that US inflation would rebound, though she added she was "very uncertain" of it happening.

Bank Negara Malaysia also announced this afternoon that Malaysia's international reserves were unchanged at US$101.5 billion (equivalent to RM429 billion) as at Nov 15 — compared to two weeks ago on Oct 31.

The reserves position is sufficient to finance 7.5 months of retained imports and is 1.1 times the short-term external debt, the central bank said.

As an oil exporter, the ringgit tends to rise when the prices of crude oil go up. At the time of writing, Brent crude oil futures were at US$63.31 per barrel, up 1.2% from its close of US$62.57 per barrel yesterday.

Posted by wantocin > 2017-11-22 19:58 | Report Abuse

when the qr out?

Posted by masterus > 2017-11-23 07:06 | Report Abuse

On the Latest US Dollar Weakness
Adam Button Adam Button
AshrafLaidi.com
The main catalyst for US dollar bulls over the past 2 months has been tax reform, but that could also be the catalyst for the bears as Ashraf indicated here and here. The yen was the top performer Wednesday while the US dollar lagged. New Zealand retail sales beat estimates in early Asia-Pacific trading. The Premium Insights took 90-pip gain on 1 of the 2 EURUSD trades. 6 of the existing Premium trades are currently in the green.

For months various markets have been pricing in changes to the US tax code. It's impossible to say exactly what's priced in but it's clear that passing something is more likely than ever. So why the US dollar weakness?

We've been writing this week about the divergence between stock markets and USD/JPY. In the past , there has been a solid correlation between the pair and equity prices. Recently, however, the S&P 500 and Nikkei have soared while USD/JPY has languished.

One theory is that traders are wary of 'selling the fact' and getting out of the way early. Perhaps that's true. Another is that the Fed is increasingly getting worried about low inflation. Today's release of the FOMC minutes showed some members want to hit the pause button after a December hike and wait for inflation to get closer to target. There is probably some truth in that as well.

Back to the tax story. The dollar is selling because of the tax plan. More specifically, the details of the plan. It's increasingly clear this isn't a broad-based tax cut. It's heavily skewed to corporations and the top earners, while offering little to the vast majority of Americans. See Ashraf's notes on the disappointing tax holiday for US multinationals and rising cost of debt in the aforementioned pieces.

Maybe the market is saying that this plan isn't going to boost incomes, wages, investment or growth. Instead it will add to the deficit and lead to spending cuts down the road. What it will do is boost corporate profits and that explains the rosy reaction in stocks

Posted by Jackylau10 > 2017-11-23 12:55 | Report Abuse

Blue chip next . Increase big soon

Posted by encikbursa > 2017-11-23 22:16 | Report Abuse

Bluecip pandang saja la......

Posted by Ang Wk Ang > 2017-11-24 14:57 | Report Abuse

entry price for C31?

Posted by Frontline > 2017-11-24 15:57 | Report Abuse

Black Friday sales.

Posted by KingPin777 > 2017-11-24 17:50 | Report Abuse

Maybank ....... to pick up.....