Same pattern as before. Before QR, ppl confident KNM will report profit thus share price up. But most of the time, QR reported loss then share price kept diving
Possibility of new development ? MAA {Yaacob} and Creador founder { Vasudevan} revived proposal to list Borsig. KNM - FBM Hudson already announced their subsidiary listing on Singapore secondary exchange. Big if ? If Borsig follow same route . KNM - Borsig will bring both positive vipes on KNM fortune in the coming months. Not a buy call but just speculate the sudden surge in KNM interest
NEW YORK: Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies. Russia has massed enough troops near Ukraine to launch a major invasion, Washington said, as it urged all U.S. citizens to leave the country within 48 hours.
Britain also advised its nationals to leave Ukraine as Prime Minister Boris Johnson impressed the need for NATO allies to make it absolutely clear that there will be a heavy package of economic sanctions ready to go, should Russia invade Ukraine. Brent crude futures settled US$3.03, or 3.3%, higher at $94.44 a barrel, while U.S. West Texas Intermediate crude rose $3.22, or 3.6%, to $93.10 a barrel.
Both benchmarks touched their highest since late 2014, surpassing the record highs hit on Monday, and posted their eighth consecutive week of gains on growing concerns about global supplies as demand recovers from the coronavirus pandemic. Trading volumes spiked in the last hour of trading, with volumes for global benchmark Brent climbing to their highest in more than two months. "The market doesn't want to be short going into the weekend... if an invasion appears to be imminent and you know that there will be retaliatory sanction that will result in a disruption in natural gas and oil supplies," Andrew Lipow, president of Lipow Oil Associates in Houston. The International Energy Agency raised its 2022 demand forecast and expects global demand to expand by 3.2 million barrels per day (bpd) this year, reaching an all-time record 100.6 million bpd. The energy watchdog's report follows the Organization of the Petroleum Exporting Countries' warning earlier this week that world oil demand might rise even more steeply this year on a strong post-pandemic economic recovery. The IEA added that Saudi Arabia and the United Arab Emirates could help to calm volatile oil markets if they pumped more crude, adding that the OPEC+ alliance produced 900,000 bpd below target in January. The two OPEC producers have the most spare production capacity and could help to relieve dwindling global oil inventories that have been among factors pushing prices towards $100 a barrel, deepening inflation worldwide. The Biden administration responded to high prices by again stating this week that it has been talking with large producers about more output, as well as the possibility of additional strategic releases from large consumers, as it did late last year. Indirect U.S.-Iran nuclear talks resumed this week after a 10-day break. A deal could see the lifting of sanctions on Iranian oil and ease supply tightness. In the United States, drillers added the most oil rigs in a week in four years, with the rig count, an indicator of future production, rising 19 to 516, its highest since April 2020, energy services firm Baker Hughes Co said.- Reuters
Was overbought in the morning...so after this little adjustment will shoot back up higher.. the price still holding strong .. overbought already sure must have some selling off abit..
Always good to lock in profit. Sell and pocket upfront { part } of the investment. Applicable for those who buy in bigger lots. Eg 18.5 - 14.5 = 4.5 x100 = +4,500 Later can buy on dips { not a sell or buy call} just my own take
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....
Megan88
360 posts
Posted by Megan88 > 2022-02-11 16:28 | Report Abuse
Still think next qr will red? Faster buy now