Just to inform , all sincere off shore punter , don't miss this round pending up trend , thousand years only meet once opportunities , put it a friendship theme , let us verify the GRAND .
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Foreign net selling accelerated in Mar 2019. Foreign investors net sold MYR1.6b worth of Malaysian equities in Mar 2019. We believe that the foreign net sell was due to a combination of poor 4Q18 results season and a more “dovish” Bank Negara Malaysia implying that Malaysian economic growth will ease this year. Cumulative foreign net buy since early-2010 until end-Mar 2019 hit at a multi-year low of MYR1.4b.
Although local institutions were net buying to the tune of MYR1.4b in Mar 2019, the KLCI depreciated 3.8% MoM while the MidS Cap and Small Cap indices continued to climb by 1.6% MoM and 1.3% MoM respectively. This implies to us that local institutions were more interested in small to midsized market capitalization stocks than large ones
Apr 2019 likely to be light on news flow. Based on 29 Mar 2019’s market close, KLCI valuations are at 16.0x 12M forward PER (mean: 15.8x) and 1.70x trailing P/B (mean: 1.81x). There will be no BNM Monetary Policy Committee meeting and GDP announcement this month. The sole key domestic lookout this month is the 2nd Belt & Road Summit in Beijing, China from 25-27 Apr 2019 where Malaysia and China are expected to conclude on the East Coast Rail Link.
Are you sure Stanley ? Time to buy in ? But as they said all the steel companies are fighting with each other IRON Man. When compete with each others, the profit margin is low. where got the strength to go up ? Unless they take Viagra!
Malaysia Steel Works may climb higher after recording a white candle for a second consecutive day. This close has sent the stock to its highest point in more than five months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.53 level, with an exit set below the MYR0.50 threshold. Towards the upside, the near-term resistance is at MYR0.59. This is followed by the MYR0.625 level.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
LA777
3,383 posts
Posted by LA777 > 2019-03-13 21:15 | Report Abuse
Yes, will be soon.