Posted by TreeTopView > 2022-01-13 17:00 | Report Abuse

:))))))

Posted by Value Investor Coo1eo > 2022-01-14 10:16 | Report Abuse

At this valuation - it's a no brainer.
If anyone with long term view (at least 10 years), will know that you will never catch the lowest. So just slowly accumulate.

Posted by vcpmaster123 > 2022-01-19 15:24 | Report Abuse

Next support 5.50

Posted by yfchong > 2022-01-21 07:05 | Report Abuse

OK ok roger

Posted by Marigold123 > 2022-01-21 07:19 | Report Abuse

Great

Posted by TreeTopView > 2022-01-21 11:37 | Report Abuse

The KLCI support of 1,520 is getting a bit too close for comfort.
A drop below that point will.......well, you know the rest.

Posted by Kenokaya > 2022-01-21 13:53 | Report Abuse

When dividend this stock?

Posted by airfan99 > 2022-01-21 14:05 | Report Abuse

3.20

Posted by Star111 > 2022-01-21 14:24 | Report Abuse

There are better options to invest money with better outcome than Bursa. Why argue on the fact it is slowing down or had not been improved for the last 10 years ? We should look on the brighter view instead or arguing on facts we camt changed.

Posted by Keyman188 > 2022-01-21 16:43 | Report Abuse

Amboi...Bursa very close to 6.00 liao...

As Keyman188 highlighted last Q4'21...

Very high possibility will break below 6.00...

Keyman188 foresee can visit 5.00 ~ 5.30 range by this year...


wkwkwk...kekeke...hehehe...

Posted by TreeTopView > 2022-01-23 11:35 | Report Abuse

I've been looking at the Bursa chart this morning and clearly it's not very inspiring. Those who follow this thread will know that I've mentioned a Fib. point at Rm5.80 for a few months now and what I noticed was that when I opened the 5 year chart the Lower Bollinger Band is now sitting at 5.80 (5.8024 to be exact).....spooky ~~~~~

This upcoming Friday, the 28th, is when the Quarterly is released so it will be interesting to see how the market reacts to an anticipated lower revenue and net profit report. Perhaps trigger a move down towards 5.80?

There should be a dividend attached to the quarterly, so depending on the size may soften the blow, perhaps only temporarily though.

Posted by Marigold123 > 2022-01-23 13:52 | Report Abuse

Impossible to become possible

Posted by Happy Nut > 2022-01-24 12:22 | Report Abuse

Still waiting 5.50

Posted by masterus > 2022-01-24 15:08 | Report Abuse

The People’s Bank of China cut its rate on the 14-day reverse repo by 10 bps today, from 2.35% to 2.25% Last week the 7-day RR rate was cut by 10bps (and other rates also) so the cut today to the 14-dayer was not a surprise (it was the first 14-day RR since the cut to the 7-day). Further, the PBOC set the mid-rate for the onshore yuan to its strongest since the middle of May in 2018.

Posted by masterus > 2022-01-24 15:09 | Report Abuse

Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says
PUBLISHED SUN, JAN 23 2022 1:10 PM EST
Jeff Cox
@JEFFCOXCNBCCOM
@JEFF.COX.7528
WATCH LIVE
KEY POINTS
Goldman Sachs expects the Federal Reserve to enact four interest rate hikes this year but thinks more are possible due to the surge in inflation.
"We see a risk that the [Federal Open Market Committee] will want to take some tightening action at every meeting until the inflation picture changes," Goldman economist David Mericle told clients.
The Fed also is likely to start cutting its balance sheet by $100 billion a month starting in July, the firm said.

Posted by Value Investor Coo1eo > 2022-01-24 16:30 | Report Abuse

@TreeTopView....let's see if your Lower Balls also hang as you say to RM5.80

Posted by TreeTopView > 2022-01-26 12:55 | Report Abuse

AmInvest have thrown their hat into the ring with their estimates for the upcoming Quarterly on Friday, with an EPS target of 8.77 cents.

Some key points from their estimates:

Bursa is scheduled to release its 4Q21 results on 28 Jan 2022. We expect a weaker 4Q21 earnings (-11.4% QoQ) of RM71mil due to lower DATV for securities market. This is expected to lead to a full FY21 net profit of RM361mil (-4.5% YoY).

In 4Q21, DATV (of on-market transactions) for equities declined to RM2.5bil vs. 3Q21 and 2Q21’s RM2.9bil and RM3.8bil respectively. On a monthly basis, Oct, Nov and Dec 2021 saw lower DATV of RM2.9bil, RM2.8bil and RM1.9bil respectively.

In FY21, DATV for the securities market for the full year came in at RM3.5bil, slightly lower than our estimate of RM3.7bil. This was contributed by weaker trading activities in 4Q21. FY21 saw a 15.8% YoY drop in DATV from RM4.2bil in FY20.

https://klse.i3investor.com/servlets/ptres/61754.jsp

The three current EPS projections for the quarter I've seen are:

CIMB 6.2 cents
HLG: 8.4 cents
AmInvest: 8.7 cents

Posted by masterus > 2022-01-26 15:00 | Report Abuse

China's yuan near 4-year high, authorities appear more tolerant of strength
Reuters


3 minute read
SHANGHAI, Jan 26 (Reuters) - China's yuan touched a near four-year high against the dollar and a 6-1/2-year high versus its trading basket on Wednesday, extending gains as authorities, for now, appeared to be taking a more tolerant of view of the currency's strength.

Posted by lionel messi > 2022-01-26 15:08 | Report Abuse

It will be a non event TreeTop. The question is how much worse it is going to be. Bursa is dead in the water. Already not many interested, dare to raise transaction cost some more. You asked for it. Good riddance.

Posted by Thirai Thiraviam > 2022-01-26 15:26 | Report Abuse

@lionel messi - why do you say “good riddance”? Also, are you saying the problem with Bursa is of its own making? Kindly clarify.

Posted by TreeTopView > 2022-01-26 15:30 | Report Abuse

Yeah, agree LM. Some of the total daily transaction values going through so far this month have been poor.
Hard to imagine that picking up anytime soon, unless we are about to enter a bull market......and I don't see that on the cards :)

You'd have to forecast this current quarter which we are in to be even less than the upcoming quarterly report for Oct -Dec 2021. This is just the first month of the new quarter but the signs are currently weak.

Ummmm....did I mention that 6 months ago? :)

Posted by masterus > 2022-01-27 09:21 | Report Abuse

CORAZA INTEGRATED TECHNOLOGY BERHAD

Posted by vcpmaster123 > 2022-01-27 13:32 | Report Abuse

Bursa's fair value is around 5.50 to 6.00 based on current trading value.....

Posted by IvanC > 2022-01-28 13:07 | Report Abuse

brought 6.17 today scare what lah, just buy

Posted by TreeTopView > 2022-01-28 13:14 | Report Abuse

Quarterly just out......EPS 8 cents per share with a QonQ drop in profit of 18.7%.

Now to read the detailed report.

Posted by vcpmaster123 > 2022-01-28 13:20 | Report Abuse

Foresee big drop to 5.50 level

Posted by TreeTopView > 2022-01-28 13:41 | Report Abuse

Probably marginally worse than I thought across the headline figures.

EPS of 8 cents, my guesstimate was clearly below 9 cents with around 8.5 as a pin the tail on a donkey figure.

Dividend of 17 cents, my estimate was 20 to low 20's.

Not inspiring numbers with the potential of the next quarter being lower unless something dramatic happens in the overall market.

No early signs of that, though.

Posted by StartOfTheBull > 2022-01-28 13:59 | Report Abuse

Price is already 52 weeks low, dividend 17c and the only licenced online 'casino' in Malaysia.
What marginally low, below expectation and bla bla bla, who cares? Just keep for long term and future.

Posted by Karma4444 > 2022-01-28 14:07 | Report Abuse

Limit down

Posted by lionel messi > 2022-01-28 14:23 | Report Abuse

The worst is yet to come and it's not in the price yet. Take your time with this counter. Long way down to go.

Posted by Karma4444 > 2022-01-28 14:25 | Report Abuse

Tp 3.00

Posted by TreeTopView > 2022-01-28 15:35 | Report Abuse

No price change yet........but why is this song playing inside my head... :)

https://www.youtube.com/watch?v=YkADj0TPrJA

Posted by lionel messi > 2022-01-28 15:50 | Report Abuse

Because it's going to cum tonight? I mean the dividend :)

Posted by TreeTopView > 2022-01-28 15:53 | Report Abuse

Maybe both.......if we're lucky? :)

Posted by lionel messi > 2022-01-28 16:03 | Report Abuse

Miserable 17 sen div wanna seduce me? I rather take a cold shower and sleep man. It's a trap.

Posted by StartOfTheBull > 2022-01-28 16:45 | Report Abuse

Price should be going down more if BNM has increased interest rate last week but it didn't.
Retailers are more interested for return from interest or dividend instead of capital gain or loss. Another example maybe Wellcal, Inno and Samchem.

Posted by yfchong > 2022-01-28 18:15 | Report Abuse

Can buy boh

Posted by getingreal > 2022-01-28 18:39 | Report Abuse

17c is very miserable payday considering that this is for a period before the new stamp duties kick in.
Last year they paid 26c + 8c = 34c.
A poor result.

Posted by StartOfTheBull > 2022-01-28 20:52 | Report Abuse

Last year dividend 34c but share price at that time was RM9.20.
It is RM3.02 cheaper now!

Posted by TreeTopView > 2022-01-29 11:06 | Report Abuse

I've been playing around with some numbers after yesterday's news.

In the most simplistic terms, Bursa will need to raise the next two months daily average values of this current quarter to around Rm2.8 Billion to Rm3 billion to match the 8 cents EPS announced yesterday.

So, the next two months daily values have to rise around 40% to 50% from current daily values. A tough gig.

I'd doubt if the shorters will be letting this fish off the hook to easily for now. The divi munchers may perhaps help keep the price buoyant up to the Ex. Date on the 17th February.

Posted by TreeTopView > 2022-01-29 11:23 | Report Abuse

On average, daily values have steadily dropped since the "moratorium hot money" left the market and the slide has continued. Yes, less volumes from sectors like gloves/tech have also added to the decline, however the overall market buying strength has also declined.

Put the negatives all together and this is where we are.

Posted by masterus > 2022-01-30 12:49 |

Post removed.Why?

Posted by masterus > 2022-01-30 14:50 | Report Abuse

Proposition 47, also known by its ballot title Criminal Sentences. Misdemeanor Penalties. Initiative Statute, was a referendum passed by voters in the state of California on November 4, 2014. The measure was also referred to by its supporters as the Safe Neighborhoods and Schools Act.[2] It recategorized some nonviolent offenses as misdemeanors, rather than felonies, as they had previously been categorized.

Posted by masterus > 2022-01-30 14:51 | Report Abuse

Fed interest hike, almighty dollar flow back to where belong. With almighty dollar, can buy many many things. Free printing

Posted by ivanlau > 2022-01-31 08:25 | Report Abuse

If based on forward eps 32 x average pe 21, the fair value till June 2022 will be rm 6.72 ..... yesterday closing 6.18 ..

Posted by yfchong > 2022-01-31 11:14 | Report Abuse

wat lau eh............., still ada strength

Posted by StartOfTheBull > 2022-01-31 11:39 | Report Abuse

Still got strength but maybe more suitable for medium and long term players only. Just my guess.

Posted by yfchong > 2022-01-31 12:21 | Report Abuse

Maybe. After dividend to catch this razor ........huat arr all

Posted by getingreal > 2022-01-31 12:58 | Report Abuse

https://www.theedgemarkets.com/article/midf-bursas-share-price-decline-means-stock-undervalued

Posted by masterus > 2022-02-02 07:48 | Report Abuse

Fed expected to raise rates 7 times this year to fight inflation, BofA says