If Trump win, market will slowly go down because Trump party, Republican doesn't want too much printing money as US debt increase too fast. If Biden win, market won't crash at all bcs Biden party, Democratic prefer pumps a lot USD for helping its base supporters both middle and lower income people due to covid19. For your information, USA definitely can pay all its debt bcs US federal reserve is the only one can print USD without limit.
"May be" MahSing below 90cent can consider to buy now. But if Supermax crash 20%, can consider to buy MahSing at 70cent only. Just don't be any fan of glove counters, high risk but high reward. Effective and good vaccines can crash the glove stock. Glove stock is super high valuation. Glove stocks should be for short term trade.
print money also got Limit. US$ has NO Gold Bar backing unlike Yuan and Russian Rouble. Once people see US$ as Toilet Paper and unable to service Debt. China & Japan will dump USA Debt. It is cheaper for You can burnt US$ to your ancestors instead of buying paper money from Hell Bank Shop
Trump will print a lot of money to save his failing business (eg: hotel, golf club, etc) indirectly if reelected. Biden win is negative for oil & gas counters.
US dollar is backed by a combination F-35, F-22 raptor, B2-spirit, oil, gold, high tech industry (chip giants, software giants, internet giants,etc) , etc.
Recalling when Saddam and Gaddafi proposed to replace dollar with gold/gold back currencies for oil trade, it didn't end well, hope our leaders are pragmatic and don't anything stupid unless we have super weapons made by ET/Alien/God lmao ............
*Global* Most Asian markets started the week on a sluggish note as surging Covid-19 cases worldwide and a stalemate in Washington over the coronavirus stimulus aid darkened the global economic outlook and sapped risk appetite. Overnight, the Dow plunged as much as 965 pts to 27370 before paring the losses to 650 pts at 27685, as investors were unnerved by fears about Covid-19 resurgence and the continued deadlock in reaching a fiscal policy package coupled with heightened uncertainty over the 3 Nov election outcome.
*Malaysia* KLCI tumbled as much as 12.5 pts to 1482.1 as sentiment was dampened by lingering worries of Malaysia’s economic impact amid spiking Covid-19 cases and clusters coupled with uncertainties ahead of the US presidential election (3 Nov) and the Budget 2021 presentation (6 Nov). However, KLCI pared early losses to end flat at 1494.6 on bargain hunting activities following Agong’s rejection of an emergency ruling in Malaysia and warning to MPs to stop any form of politicking that will disrupt the stability of the ruling government. Market breadth was bearish with 256 gainers vs 790 losers, as small-cap and ACE stocks witnessed strong selling forces amid sliding ACE (-3.6%) and Small Cap (-1.3%) indices.
*Outlook* Following Agong’s rejection of emergency ruling in Malaysia and UMNO’s supreme council decision to continue to support PN government, KLCI may stage a mild rebound today with upside capped near 1507 (uptrend line support from 1474) and 1521 (23.6% FR) while supports are pegged at 1482-1474-1461 levels. Nevertheless, the benchmark index is likely to be stuck in a tug-of-war between the bulls and bears ahead of the US presidential election (3 Nov) and the Budget 2021 presentation (6 Nov) coupled with an exponential surge of coronavirus cases worldwide as the winter season begins in the Northern Hemisphere. In Malaysia, the CMCO extensions in Selangor, KL & Putrajaya for another two weeks till 9 Nov 2020 (contributed over 41% to national GDP) amid spiking Covid-19 local transmissions and clusters underline risks to 2H20 economic and corporate earnings recovery.
Stocks wise, we believe technology and healthcare-related stocks are deemed to benefit from a prolonged virus pandemic. HLIB’s institutional research top picks are *TOPGLOV (TP RM13.00), HARTA (TP RM24.10), KOSSAN (TP RM9.15), MAHSING (TP RM1.41), PHARMA (TP RM5.94), FRONTKN (TP RM4.10), INARI (TP RM3.28), UNISEM (TP RM5.21), POS (TP RM1.20), VS (TP RM2.92) and UWC (TP RM8.88)*.
different people different view, when company move to hot segment surely a lot bad comment. said by the time no high ASP, no demand, vaccine out, certificate no ready lah this and that...
the share drop no apply on Mahsing is entire bursa this due to politic uncertainty. Top 4 and tier 2 glove also drop, local investor got limited fund to push the share, foreign investor no willing to invest in malaysia due to our politic issues now all wait after 6 Nov 2020.
mita29 US dollar is backed by a combination F-35, F-22 raptor, B2-spirit, oil, gold, high tech industry (chip giants, software giants, internet giants,etc) , etc.
USA also dominate in soft power like cultural dominance via Hollywood movie and English. China still can't challenge USA as world most powerful country in this coming 15 years. Therefore, most of the countries still have to use US dollar as their reserves.
I agree with Boringguy, government still lingering with political issue not looking at overall market and assist Malaysia to move forward. As long the government still looking only short term benefit , who dare come in Malaysia
Our market too small , if there is a chance will you invest oversea or in local? Hence got quick money just earn.
Look at current malaysia market.... if without politic issues i think our bursa will go above 1600.. why ? 1. Glove 65 % to global. 2. palm oil world number 3 3. Furniture segment demand increase 4. E&E sector increase. 5. Farm sector 6. Manufacturing sector 7. Chemical and Oil and Gas
if our govn put more focus all above segment and boost up them.. our economic will fly and jobless rate will reduce...
Sabah election is the chief cause of the spike in covid cases. Blame it on the greedy political parties with their take over attempt and the failure to adhere to the 14 day mandatory quarantine SOP for all incoming and outgoing people prior to the State election
Imagine if Malaysia government not concentrate on boosting economy , wouldn’t they earn even more ? Rather than squeeze every penny out from own people. Our target not own people but oversea. They just never look into larger picture.
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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....
rockycleft
880 posts
Posted by rockycleft > 2020-10-26 16:08 | Report Abuse
Those created a storm will pass like a storm. The horse sings nay......