Low TPs of about 0.30 only by MBB and Kenanga. Next QR may not be good too. Not easy to go up unless certain big funds push it up. Monitor closely and gudluck.
Just read the latest news from Analyst - they say that the Oil Glut situation is unstable and is DIRE and that it can plunge down to US $30 anytime without much warning. The condition as he puts it is UNSTABLE. The OPEC agreement has FAILED that means there will NOT be any stability for the Crude Oil Price and that is a fact. Najib's bad reputation does not help M'sian shares either.
Collecting. World oil consumption normally will go up from June to Sept. So it is time to collect and wait. Today Crude has been breaking USD45. which is almost USD 20 from its bottom. smart money is collecting the oil counter. Alam stand the best chance with its low price and profitability. Scomies is another one as Pak Lah is now chairman of the Petronas. Both the price is in the bottom for sometime. When it move this 2 counter especially Alam may explode if the oil price hit USD 50 which is not far away.
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....
speakup
27,014 posts
Posted by speakup > 2016-04-21 14:27 | Report Abuse
@koyokui. tp 70 sen!