Posted by tkl88 > 2020-11-02 10:42 |

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Posted by tkl88 > 2020-11-02 10:45 |

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Posted by tamp0i > 2020-11-02 14:40 | Report Abuse

Seriously what is driving the momentum? Good QR soon? Good announcement coming soon? Unrealistically high in this bear market

Posted by Patron > 2020-11-02 14:46 | Report Abuse

LSteel becomes LGlove

Posted by tkl88 > 2020-11-02 15:08 |

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Posted by tkl88 > 2020-11-02 15:09 |

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Posted by Creativeteam > 2020-11-02 21:18 | Report Abuse

If could go up during poor market sentiment means something good is coming

Posted by tkl88 > 2020-11-03 06:01 | Report Abuse

The Dow and S&P 500 zoom higher as Wall Street predicts Joe Biden will win
By Anneken Tappe, CNN Business

Updated 1942 GMT (0342 HKT) November 2, 2020
https://edition.cnn.com/2020/11/02/investing/dow-stock-market-election/index.html

New York (CNN Business)The Dow and S&P 500 were up on Monday, one day before Election Day, when Wall Street expects Joe Biden will win the presidency and Democrats will retake the Senate and maintain control of the House.

Stocks opened sharply higher before encountering some volatility and paring some gains.
The Dow (INDU) was still up 1.4%, or some 360 points, mid-afternoon. At its high point, the index gained more than 500 points. The broader S&P 500 (SPX) was up 0.9%.
Both benchmarks are retracing some of their losses from last week, when they recorded their worst week since March.
Meanwhile, the Nasdaq Composite (COMP) reversed its earlier gains and fell 0.2% in mid-afternoon trade.
Although stocks typically favor Republican policies, investors are eager for more fiscal stimulus, that will buoy an economy headed south once again as coronavirus cases soar. Investors predict a "blue wave" would lift the chances of a comprehensive stimulus deal getting passed in the winter.

Posted by tkl88 > 2020-11-03 06:02 | Report Abuse

A Biden win would also likely mean less news and headline risk for stocks in the term to come, investors believe.
"If the polls are roughly right, Joe Biden is going to win the election comfortably and we will know that before midnight tomorrow," said Andy Laperriere and Don Schneider at Cornerstone Macro.
Even if the polls are wrong, the evidence is still pointing to a Biden victory, they added. Prediction market PredictIt puts a Biden win at 65%.
"We have been emphasizing that the Senate outcome is important for the trajectory of fiscal policy," said Citi economist Andrew Hollenhorst in a note to clients, even though neither party is likely to get a filibuster-proof majority so bipartisan cooperation could still be needed for the next stimulus bill.
"Under any election scenario we expect a $1.5 trillion plus fiscal package, possibly as early as just post-election," Hollenhorst said.
Congress has been stuck on negotiating a second stimulus deal since the summer. Investors have been waiting for results, getting jumpy at any headlines about the progress. What this really tells us is that markets believe the US economy needs more help getting back on track as the effects of the CARES Act are running out.
So far the economy's improvements have been rather uneven. For example, millions of jobs have been added back since the spring lockdown, but the economy is still down more than 10 million jobs from February.
Millions of Americans still need government benefits to make ends meet, and that's bad news because the US economy relies heavily on consumer spending.
Analysts at Goldman Sachs (GS) expect consumer spending to wane in the coming months because of the Covid-19 resurgence is keeping people at home and any new stimulus package will probably take until 2021 to kick in.
And as if this election and its repercussions weren't enough for investors to think about, the week is also filled with important economic reports, including the October jobs report.
On Monday, the Institute for Supply Management reported that America's factories did better than economists had predicted in October. The sector's purchasing managers' index rose to 59.3 points from 55.4 points in September, its highest level since September 2018. Any value over 50 denotes an growth in the sector.

Posted by tkl88 > 2020-11-03 09:02 |

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Posted by tkl88 > 2020-11-03 09:05 |

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Posted by lextcs > 2020-11-03 09:07 | Report Abuse

keep buying will be like mahsing

Posted by tkl88 > 2020-11-03 09:07 |

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Posted by tkl88 > 2020-11-03 09:09 |

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Posted by Patron > 2020-11-03 15:12 | Report Abuse

Are u ok ? skl88

Posted by tkl88 > 2020-11-03 18:11 | Report Abuse

Wow, oil price continue to spike up !
As at 6.10pm,
Nymex at => $38.25 (+1.44) (+3.91 percent)
Brent at => $40.36 (+1.39) (+3.57 percent)

Huat ah ! Heng ah ! Ong ah !

Posted by SmallFishThinkBig > 2020-11-03 22:41 | Report Abuse

lol skl88 must be hooted99e jor

Posted by tkl88 > 2020-11-04 06:58 | Report Abuse

Wow, Dow Jones continue to spike up !
Dow Jones closed at=> 27,480.03 (+554.98) (+2.06%) !

World stocks super bull market is coming !

Posted by tkl88 > 2020-11-04 07:02 | Report Abuse

SmallFishThinkBig, this is the golden opportunity once in a lifetime to make monies, you should hooted99 and Sailang to any potential stock which currently most of them are at low low price right now !

Posted by tkl88 > 2020-11-04 09:15 |

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Posted by tkl88 > 2020-11-04 09:17 |

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Posted by tkl88 > 2020-11-04 12:42 | Report Abuse

Latest US election update !
As at 12.25pm,
Joe Biden already have 209 votes leading Donald Trump's 118 votes by 91 votes,
Joe Biden just need only another 61 votes then will won the US election !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-05 10:55 |

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Posted by tkl88 > 2020-11-05 15:25 |

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Posted by cumcumshot > 2020-11-05 18:26 | Report Abuse

What's happening? Only a guy talked to himself for so long?

Posted by Creativeteam > 2020-11-05 21:50 | Report Abuse

Slowly moving up ie almost double from 4 week price range.

Posted by Vincentbravo > 2020-11-06 08:37 | Report Abuse

Does anyone know what's the reason this counter fly? Thanks

Posted by Mmattop > 2020-11-06 12:40 | Report Abuse

Budget 2021 favour steel.. i wanna run now. Buy on rumours and sell on real news

Posted by tkl88 > 2020-11-06 14:53 |

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Posted by tkl88 > 2020-11-06 14:55 |

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Posted by tkl88 > 2020-11-08 02:41 | Report Abuse

Superb good news !

Biden Wins Presidency, Ending Four Tumultuous Years Under Trump
https://www.google.com.my/amp/s/www.nytimes.com/2020/11/07/us/politics/biden-election.amp.html

By Jonathan Martin and Alexander Burns
* Nov. 7, 2020
Updated 12:48 p.m. ET

Posted by tkl88 > 2020-11-08 02:41 | Report Abuse

Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.

Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House.
Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century.
The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president.
With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.

Posted by tkl88 > 2020-11-08 03:11 | Report Abuse

Biden Victory !
Like that next Monday onwards world stock markets including our KLSE will spike up like mad already !
Huat ah ! Heng ah ! Ong ah !

Posted by bali > 2020-11-08 08:46 | Report Abuse

Biden win, war trade might end, big stimulus to steel counter

Posted by tkl88 > 2020-11-09 09:23 |

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Posted by tkl88 > 2020-11-09 14:17 | Report Abuse

President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !
As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-09 23:38 | Report Abuse

Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 percent)
Brent at => $42.77 (+3.32) (+8.42 percent)

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-09 23:39 | Report Abuse

Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.

Posted by tkl88 > 2020-11-10 00:45 | Report Abuse

Walaoeh, Dow Jones spike up to sky high !
As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-11-11 08:02 | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !
Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by kiasu_trader > 2020-11-11 09:15 | Report Abuse

tkl88, u got news about this company venture into Glove production?

Posted by kiasu_trader > 2020-11-11 09:16 | Report Abuse

heard they gonna announce by these few days, about they newly setup factory in Klang

Posted by kiasu_trader > 2020-11-11 09:27 | Report Abuse

up so much!!! seems news is legit ... they gonnna announce venture into glove by these few days!!!!

Posted by Benny2020 > 2020-11-11 15:54 | Report Abuse

Another Glove counter??

Posted by Creativeteam > 2020-11-11 18:07 | Report Abuse

So could buy before price rocket

Posted by tkl88 > 2020-11-11 19:16 | Report Abuse

Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 percent)
Brent => $45.16 ‪(+1.55) (+3.55 percent)‬
‪Huat ah ! Heng ah ! Ong ah !‬

Posted by tkl88 > 2020-11-13 17:18 |

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Posted by Creativeteam > 2020-11-14 09:35 | Report Abuse

Replenishment of inventory is slow due to distruption of supply chain n conservativeness in new purchases. Msteel scrap yard used to be huge mountain at bukit raja now has shrunkened.

Posted by OngOngBoskur > 2020-11-18 23:53 | Report Abuse

lsteel RM1 very soon.... get in before too late

Posted by tkl88 > 2020-11-20 06:50 | Report Abuse

Malaysia in deal with China for Covid-19 vaccine development
PUBLISHED : 18 NOV 2020 AT 19:40
WRITER: REUTERS

https://www.bangkokpost.com/world/2021843/malaysia-in-deal-with-china-for-covid-19-vaccine-development

KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.

Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement.
Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.

Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.

"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.