Posted by Good123 > 2022-06-28 10:58 | Report Abuse

Tunggu 2-2.5sen clear - fly non-stop nanti :)

Posted by Good123 > 2022-06-28 15:35 | Report Abuse

If mulia group needs a listed co in Malaysia, just let mulia to take over pasukhas lah :)

Lendlease, Mulia Group form partnership on The Exchange 106’s retail podium | https://www.klsescreener.com/v2/news/view/1010375

Posted by nightmare007 > 2022-06-28 16:48 | Report Abuse

mana satu @good123, before adil permata now mulia group...mengharap sangat

Posted by Good123 > 2022-06-28 22:13 | Report Abuse

US stocks are rallying after several banks boosted their dividends and China pivoted away from its strict COVID policy. ​ Wall Street seems to be close to figuring out how high central banks may take rates over in the short-term and that is supportive for long-term investors to scale into positions.

Posted by nightmare007 > 2022-06-29 09:39 | Report Abuse

no volume, Good 123 please buy

Posted by Jessgoh > 2022-06-30 15:55 | Report Abuse

Baik123 is crying aside lol

Posted by BILLC > 2022-06-30 17:01 | Report Abuse

Nope,,,Baik123 knew one day he will become billionaire,,,

The day when Pasukhas get takeover offer from Tesla,,,,

Wakakaka,,,,

Posted by Good123 > 2022-07-01 11:23 | Report Abuse

Tunggu takeover je, change of major shareholders, sabar ya!

Ada wang boleh beli dan pegang. Takda wang, korang Boleh bercakap dengan hantu, wakaka

Posted by nightmare007 > 2022-07-01 12:58 | Report Abuse

@good123 carilah article take over...dont go another company forum...focus here.. please focus with your task

Posted by sunsetbiz > 2022-07-01 15:44 | Report Abuse

see him so quiet recently means tak ada wang jadi hantu lol...:)

Posted by Good123 > 2022-07-01 16:58 | Report Abuse

Bertahan ya! :)




KUALA LUMPUR: Ekuiti Malaysia menjadi pilihan pelabur asing pada suku pertama 2022 dengan aliran masuk modal tertinggi oleh pelabur Amerika Syarikat (AS) dan United Kingdom (UK), demikian kata CGSCIMB.

Berdasarkan pangkalan data S&P Global Market Intelligence yang menyenaraikan 95 firma pelabur Malaysia menunjukkan ekuiti Malaysia yang dimiliki firma berkenaan bernilai AS$119 bilion (RM524.67 bilion), mewakili sekitar 29 peratus daripada jumlah modal pasaran Bursa Malaysia pada akhir Mac 2022.

Dalam nota penyelidikannya, CGSCIMB berkata, pelabur AS adalah pelabur asing utama dalam ekuiti Malaysia dari segi nilai aliran dana pada akhir Mac 2022, kemudian diikuti pelabur di Singapura, UK, Norway dan Hong Kong.

Ia berkata, aliran masuk terbesar dana asing dalam ekuiti Malaysia pada suku pertama 2022 adalah dari UK sebanyak AS$182 juta (RM802.44 juta), AS berjumlah AS$153.7 juta (RM677.66 juta) dan Hong Kong sebanyak AS$121.4 juta (RM535.25 juta).

"Malaysia juga menarik pelabur berorientasikan pertumbuhan pada suku pertama 2022 dengan aliran masuk bersih AS$391.9 juta. Candriam Belgium SA adalah pembeli pertumbuhan utama di Bursa Malaysia pada suku pertama 2022," katanya.

Pada suku pertama 2022, ekuiti Malaysia menyaksikan aliran masuk bersih dana institusi sebanyak AS$96.5 juta (RM425.47 juta) diterajui pelabur UK dan Ireland.

Sementara pelabur domestik pula mencatatkan aliran keluar modal berjumlah sehingga AS$505.8 juta (RM2.2 bilion) pada suku pertama 2022.

Namun begitu, aliran keluar daripada pelabur domestik mengecil berbanding AS$1.6 bilion (RM7.05 bilion) pada suku keempat 2021.

Kumpulan Wang Simpanan Pekerja (KWSP) adalah pemegang terbesar ekuiti Malaysia, mencatatkan aliran keluar dana terbesar pada suku pertama 2022 sebanyak AS$436.4 juta (RM1.9 bilion), sementara

Permodalan Nasional Bhd, pemegang kedua terbesar, mencatat aliran keluar dana kedua terbesar sebanyak AS$237.2 juta (RM1.0 bilion), diikuti oleh Vanguard Group yang merekodkan aliran keluar AS$190.6 juta (RM840.36 juta) dan Kumpulan Wang Persaraan (Diperbadankan) atau KWAP dengan aliran keluar AS$65.1 juta (RM287.03)

BlackRock Fund Advisor mencatatkan aliran masuk modal terbesar sebanyak AS$180.5 juta (RM795.82 juta) pada suku pertama 2022, diikuti oleh AIA sebanyak AS$64.9 juta (RM286.14 juta) dan Lembaga Tabung Haji sebanyak AS$42.2 juta (RM186.06 juta).

Posted by Good123 > 2022-07-01 16:59 | Report Abuse

Bertahan untuk masa depan anda! :)

Posted by Jessgoh > 2022-07-04 10:38 | Report Abuse

Can start wait 0.01-0.015 for those like to bet ..

Posted by Good123 > 2022-07-04 10:41 | Report Abuse

Mereka yg tinggal sehelai sepinggan, bolehlah jualkan semua kpd orang kaya :)

Posted by Good123 > 2022-07-04 10:42 | Report Abuse

Orang kaya kumpul, orang miskin jual - kitaran kemiskinan yang ganas

Posted by Good123 > 2022-07-04 12:51 | Report Abuse

:)

KUALA LUMPUR (July 4): Amlex Holdings Bhd's share price hit limit up in morning trade and emerged as the top gainer on the local bourse on Monday (July 4).

At noon break, the stock had risen as much as 30 sen or 81.08% to 67 sen albeit with a low trading volume, valuing the company at RM179.64 million.

The manufacturing solutions provider saw 2,600 shares traded.

However, it was unclear what prompted the surge in its share price.

In a previous Bursa Malaysia filing on May 28, the group said it had proposed for a voluntary withdrawal of its LEAP Market listing and aims to list on the ACE Market instead.

“The rationale for undertaking the proposed withdrawal of listing is to facilitate the proposed listing of and quotation for the entire issued share capital of the Company on the ACE Market of Bursa Securities

“This is to accord the company access to a bigger fundraising platform to support its expansion plan in order to realise its long-term growth potential.

“It is also expected to increase the liquidity of the company’s shares by allowing a larger number of investors to engage in the buying and selling of the company’s shares upon the completion of the proposed ACE Market listing,” it explained.

Meanwhile, the group elaborated that the proposed transfer to the ACE Market will promote the company’s corporate image, leading to greater recognition and confidence from its clients, business partners, bankers, employees and shareholders.

According to the group, M&A Securities has been appointed to undertake the proposed ACE Market listing.

It also said that the proposed ACE listing is slated to be completed by the third quarter of the year.

Notably, the group was listed on Bursa’s LEAP Market in September 2018.

Posted by sunsetbiz > 2022-07-04 13:50 | Report Abuse

rich ppl will finding way to create more to sell to poor ppl for recycle lol....:)

Posted by Mrcool > 2022-07-04 21:36 | Report Abuse

Pelabur dh lari....hahahahhaha.dpt taik..good123..wakakakaka

Posted by Good123 > 2022-07-05 07:28 | Report Abuse

Three big catalysts that could prompt investors to buy more equities – a sharp fall in the stock market that could push stock valuations to attractive levels, stronger economic growth and a more stable political landscape.

In particular, the survey showed that respondents preferred to invest directly in the Malaysian equity market and appeared less keen on unit trust products and robo-advisers compared to a year ago.

“The key motivation for investing in equities is to achieve higher returns from their savings and their preferred trading strategies continue to be buy and hold,” it said.

Posted by Good123 > 2022-07-05 10:40 | Report Abuse

Tunggu orang miskin jualkan semua, naik dengan mengejut kemudian.

Rileks terdahulu.

Kumpul duit kemudian:)

Once in a lifetime - peluang tak terhingga

Posted by Good123 > 2022-07-05 10:43 | Report Abuse

Three notable contract wins in the 2Q22 include the construction of the robotic rehabilitation centre awarded to Vizione Holdings Bhd, amounting to RM654mil, the main building works to Kerjaya Prospek Group Bhd totalling RM265mil and the mixed development project awarded to Tuju Setia Bhd equalling RM257mil.

PETALING JAYA: The rollout of the Mass Rapid Transit 3 (MRT3) project by the end of this year will ensure the construction sector finishes 2022 on a high, says Hong Leong Investment Bank Bhd (HLIB) Research.

The research arm of the investment bank noted job flows were weak in the first-half of 2022 (1H22) amounting to some RM4.5bil, a 49% decrease year-on-year (y-o-y).

Domestic contracts awarded to listed contractors totalled RM2.3bil in the second quarter (2Q22) which was an increase of 1% quarter-on-quarter, but a decline of 44% y-o-y.

Awards were largely made up of private sector (buildings) constituting 35% of awards during the quarter.

“There was no sequential pickup as jobs remained flattish with the quarter seeing major price hikes in cement, while fuel and premix materials crept higher.

“The average size of contracts were also notably smaller compared to the year before. On the whole, we reckon the significantly volatile and inflationary cost environment has made tenders tricky as most contracts are typically executed on a fixed price basis,” HLIB Research stated in a report yesterday.

It expects a sector recovery to be mainly driven by the proposed multibillion ringgit MRT3 project.

Based on industry checks, HLIB Research said that the three main civil turnkey contracts for MRT3 could carry a total value of RM26bil to RM28bil.

“We expect a string of subcontract awards in the first quarter of 2023. Given that the minimum payment moratorium period is two years, contractors with better balance sheets are significantly advantaged in tenders,” it said in the report.

Prior to the aforementioned mega jobs, HLIB Research anticipate potential job flows from projects such as the East Coast Rail Link project, Kuching Autonomous rail transit (ART) and different types of work from various highway projects, including in East Malaysia.

Furthermore, the environmental impact assessment for the Penang South Reclamation project was resubmitted in May, pending approval, it added.

Three notable contract wins in the 2Q22 include the construction of the robotic rehabilitation centre awarded to Vizione Holdings Bhd, amounting to RM654mil, the main building works to Kerjaya Prospek Group Bhd totalling RM265mil and the mixed development project awarded to Tuju Setia Bhd equalling RM257mil.

Two foreign contracts were secured in 2Q22, namely the Coffs Bypass road project totalling RM2.05bil, clinched by a Gamuda Bhd joint venture, and various piling works amounting to RM90mil.

HLIB Research expects sector earnings to recover this year albeit rising concerns over the labour shortage situation.

It retained its “neutral” weight on the sector noting valuation wise the sector was fairly valued at 12.9 times the forward price-earnings multiple and 0.7 times the price-to-book value, taking into consideration the high materials costs and possible event risk in the second half of 2022 (2H22).

HLIB Research top sector within the mid-cap space was Sunway Construction Group Bhd with a target price of RM1.84 due to its strong balance sheet; extensive track record of infrastructure projects and strong support from parent-company.

Around 20% of its construction order book has built in cost escalation clause, HLIB Research added.

Posted by Good123 > 2022-07-05 10:53 | Report Abuse

Mereka tahu orang miskin tak berupaya untuk menunggu... Selepas mereka dah puas beli, naik secara mengejut dengan pengumuman banyak berita baik.

Strategi yang mudah tapi berkesan :)

Menang2 untuk orang kaya je :)

Posted by Good123 > 2022-07-05 10:54 | Report Abuse

Kesabaran membawa berkat . Tunggu ya! :)

Posted by Good123 > 2022-07-05 10:55 | Report Abuse

Tiada yang baru dalam dunia ni.

Sabar ya! :)

Posted by Mrcool > 2022-07-05 18:40 | Report Abuse

X penat ke good123..wakakkka

Posted by sunsetbiz > 2022-07-06 15:21 | Report Abuse

he start call buy since abv 0.1 where will earn money.....cry till no tears for him now lol....:)

Posted by sunsetbiz > 2022-07-06 15:21 | Report Abuse

he start call buy since abv 0.1 where will earn money.....cry till no tears for him now lol....:)

Posted by Good123 > 2022-07-06 16:26 | Report Abuse

6, July 2022, Wednesday

USA
The S&P 500 ended slightly higher on Tuesday as investors kept their focus on the growth trajectory of the U.S. economy, and the tech-heavy Nasdaq closed higher while the Dow slipped.

EUROPE
European stocks closed sharply lower on Tuesday, as global markets failed to cement gains after a bruising week for stocks last week.

ASIA
Asia-Pacific shares fell at the open on Wednesday despite Wall Street recovering most of its losses by the close.

MALAYSIA
Malaysian equities rose in early Wednesday trade amid an upbeat performance on Wall Street overnight and ahead of Bank Negara's interest rate decision later today.

GOLD
Gold lost more than 2% on Tuesday to sink further below the $1,800 support level as a sharp rally in the dollar and rising interest rates sapped appetite for the non-yielding asset.

OIL
Oil prices tumbled Tuesday with the U.S. benchmark falling below $100 as recession fears grow, sparking fears that an economic slowdown will cut demand for petroleum products.

KLCI: 1,440.81 (+3.29) (+0.23%)

DJIA: 30,967.82 (-129.44) (-0.42%)
S&P 500: 3,831.39 (6.06) (+0.16%)
NASDAQ: 11,322.23 (+194.39) (+1.75%)

FTSE: 7,025.47 (-207.18) (-2.86%)

NIKKEI: 26,423.47 (+269.66) (+1.03%)

HSI: 21,853.07 (+22.72) (+0.10%)
HSCEI: 7,642.45 (-5.25 ) (-0.07%)

SHANGHAI: 3,404.03 (-1.40)(-0.04%)
SHENZHEN: 2,232.98 (-12.33) (-0.55%)

Gold: 1,770.5

Crude Oil: 104.96

USD/MYR: 4.4240

Posted by Good123 > 2022-07-06 16:29 | Report Abuse

Bertahan dan yakin ya :)

Posted by Good123 > 2022-07-06 16:30 | Report Abuse

Projeknya di kl, walking distance dari mrt2, sungguh luar biasa, bila launching , meletup nanti...

Posted by Good123 > 2022-07-06 16:43 | Report Abuse

5157 SAUDEE SAUDEE GROUP BERHAD
Change in Principal Officer
Date of Change: 01/06/2022
Type of Change: Appointment
Designation: Chief Exec Officer
Directorate:
Name: PATRICK TING
Age: 60
Country: Singapore
Nationality: Singapore
Qualifications:
Working Experience and Occupation:
1. Chief Operating Officer, Seapower Trading Co., Ltd (February 2011 to May
2022) Specialise in restructuring company in the initial period with focus
on change management. Further acted as company's Chief Operating Officer
heading marketing, logistics, IT and all other operational business
functional groups. Grew the company business especially in the beverage
business 10 folds during his 11 years tenure. 2. Founder/Executive
Director, Premiumlink Consulting Co., Ltd (January 2012 to May 2022)
Specialise in new start-ups from conception to operational and a wide range of
corporate management consulting.
Directorship of public companies (if any):
NIL
Family relationship with any director and/or major shareholder of the listed issuer:
NIL
Details of any interest in the securities of the listed issuer or its subsidiaries:
NIL
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

01/06/2022 07:00 AM


Ref Code: 202206015200179

Posted by Good123 > 2022-07-06 16:58 | Report Abuse

now a very experienced singaporean ceo, baru jadi lagi bagus kot? haha

Posted by Good123 > 2022-07-07 06:37 | Report Abuse

#NSTopinion Since your plan is to hold for the long run, you don't have to do anything when the market goes sideways or down. No need to anxiously reshuffle your portfolio.

Posted by Good123 > 2022-07-07 07:48 | Report Abuse

The RAM-CTOS Business Confidence Index (BCI) survey, which was conducted from May 9-27, showed the overall index charted a positive reading at 65 in 2Q22, up from 55.4 recorded in the preceding quarter.This is above the threshold of 50, which indicates positive sentiment.

KUALA LUMPUR: Despite rising cost pressures, businesses in Malaysia remained optimistic in the second quarter of this year (2Q22), according to a survey by RAM Holdings Bhd and CTOS Data Systems Sdn Bhd.

The RAM-CTOS Business Confidence Index (BCI) survey, which was conducted from May 9-27, showed the overall index charted a positive reading at 65 in 2Q22, up from 55.4 recorded in the preceding quarter.

This is above the threshold of 50, which indicates positive sentiment.

“All other sub-indices tracked also showed positive momentum.

“It is not all smooth sailing, however, as over 80% of the 116 respondents polled are reporting rising cost pressures, which could cap business recovery,” the survey revealed.

The BCI survey noted that rising costs are a growing concern for businesses in 2Q22, cited by 83% of firms compared to 72% in 1Q22.

The share of firms citing labour issues also climbed sharply to 54% in 2Q22 from 43% previously.

Nevertheless the optimism of companies in 2Q22 pointed towards a strong recovery for businesses this year.

However, they said most firms are facing labour shortages and escalating input costs arising from high commodity prices and supply chain disruptions.

“The imposition of a higher minimum wage and rising interest rates further compound the challenges faced, particularly by smaller firms with fewer resources,” it added.

The survey also disclosed that about 60% of respondents, the majority comprising of small and medium enterprises (SMEs) and micro firms, need more financing in the next six months to fund growth.

“These same firms reported more hurdles to secure additional external financing,” said RAM and CTOS.

At the same time, they noted that more than 40% of SMEs and micro firms confided that their financing applications were rejected in the last six months as compared to 10% for corporate respondents.

The key impediment to obtain financing was the lack of collateral, cited the surveyed firms.

RAM and CTOS urged policymakers and financial institutions to support SMEs and micro firms by facilitating access to financing and other market initiatives.

“This will ensure the nation’s economic recovery remains on track this year,” they said.

Smaller firms, the survey found, had the tendency to be more reliant on personal funds to grow their businesses.

Posted by Good123 > 2022-07-07 07:49 | Report Abuse

PERSATUAN Pemaju Hartanah dan Perumahan Malaysia (Rehda), kekal optimis dengan prospek industri hartanah, meskipun akan ada kenaikan dalam kos pinjaman perumahan susulan kenaikan kadar dasar semalam (OPR).

Pemangku Presiden Rehda, Datuk NK Tong berkata, hartanah membabitkan pelaburan jangka masa panjang dan permintaan terhadap hartanah sentiasa ada walaupun sebelum ini negara dilanda pandemik Covid-19.

"Sekarang adalah masa yang sesuai untuk pembeli mempertimbangkan membeli hartanah kerana segmen hartanah ini mempunyai lindung nilai yang baik terhadap inflasi dalam jangka panjang.

Posted by Good123 > 2022-07-07 08:15 | Report Abuse

Projek pasukhas-yayasan atm dah mau dilancarkan, agensi kerajaan, pasti jadi dan lumayan :)

Sabar ya!

https://pasukhasgroup.com/yayasan-veteran-atm-bakal-jana-pendapatan-rm3-juta-setahun/

Posted by Good123 > 2022-07-07 13:51 | Report Abuse

Giliran bagi pasukhas bila2 masa je. Sabar ya! :)


KUALA LUMPUR (July 7): Shareholders of ECM Libra Group Bhd have been told to reject the takeover bid by Datuk Lim Kian Onn, the group's non-independent and non-executive director, who has made a conditional mandatory general offer (MGO) to buy out minority shareholders of the group, according to independent adviser DWA Advisory Sdn Bhd.

The independent adviser also deemed the takeover offer as “not fair” and “not reasonable”.

DWA Advisory added that the offer price of 22 sen per share is “not fair” as the offer price is lower and represents a discount of approximately 37.14% to the estimated value of the group’s shares of 35 sen based on revalued net asset value.

It also said the takeover offer is not reasonable as the group’s shares will remain tradable on the Main Market of Bursa Securities and hence, the shareholders will still have the opportunity to realise their investment in the group’s shares in the open market after the closing date.

“Accordingly, DWA Advisory recommends that the shareholders reject the offer.

“The non-interested directors (collectively Datuk Seri Kalimullah Masheerul Hassan, Datuk Kamarudin Md Ali, Mahadzir Azizan and Oh Teik Khim) have concurred with the opinion of DWA Advisory that the offer is not fair and not reasonable, and recommend that the shareholders reject the offer,” it said.

In May this year, Lim made an MGO to buy out the minority shareholders of the group.

This comes after Lim on May 31 acquired an additional 19.2 million shares or 4% stake in the group — via a direct business transaction — from Tune Group Sdn Bhd for RM4.22 million or 22 sen per share.

The purchase raised Lim's equity interest in ECM Libra to 11.68% from 7.68% previously.

The collective shareholdings of Lim and other persons acting in concert, meanwhile, rose to 38.84% or 186.42 million shares, triggering the conditional MGO for the remaining shares.

A check on Bloomberg revealed that Julius Baer Group Ltd is the largest shareholder of ECM Libra with a 21.95% stake, followed by Tune Group (20.79%), Garynma MY Capital (15.98%) and Kalimullah (14.7%)

At the time of writing on Thursday (July 7), shares in ECM Libra traded five sen or 2.38% higher at 21.5 sen, giving it a market value of RM103 million.

Read also:
ECM Libra's Lim Kian Onn raises stake in group, makes offer to buy remaining shares

Posted by Good123 > 2022-07-07 14:41 | Report Abuse

klik pada pautan, sabri, sebelum jadi PM dah menyokong pasukhas sepenuhnya :)

sabar ya!

https://pasukhasgroup.com/yayasan-veteran-atm-bakal-jana-pendapatan-rm3-juta-setahun/

Posted by Mrcool > 2022-07-07 20:45 | Report Abuse

Kahkakakahkah. Dgn penuh yakin...hahahahah

Posted by Good123 > 2022-07-08 09:14 | Report Abuse

S&P 500, Nasdaq book longest win streak since March as investors await Friday jobs report.

Last Updated: July 7, 2022 at 4:33 p.m. ET

U.S. stocks finished higher on Thursday, with the S&P 500 index and Nasdaq Composite booking a fourth day in a row of gains, as investors await Friday’s June jobs report.

Investors also heard a pair of Fed officials speaking Thursday about why its plans to combat high inflation still can avoid triggering an economic recession.

How did stocks do?

Dow Jones Industrial Average DJIA gained 346.87 points, or 1.1%, closing at 31,384.55.
S&P 500 SPX gained 57.62 points, or 1.5%, ending at 3,902.62.

Nasdaq Composite COMP increased 259.49 points, or 2.3%, finishing at 11,621.35.
The S&P 500 and Nasdaq marked 4 days of straight gains, their longest unbroken advance since March, according to Dow Jones Market Data.

On Wednesday, the Dow Jones Industrial Average DJIA rose 70 points, or 0.23%, to 31,038, the S&P 500 SPX increased 14 points, or 0.36%, to 3,845, and the Nasdaq Composite COMP gained 40 points, or 0.35%, to 11,362.

What drove markets

Stocks finished higher Thursday, putting them on pace for a string of weekly gains to kick off July.

“It’s a calm before the storm,” said Marvin Loh, senior global macro strategist at State Street Global Markets, referring to the release Friday morning of the June jobs report.

“Inflation and employment prints are the most important right now,” Loh said by phone. “Anything significantly off from expectations is going to read as potentially signaling some sort of trend,” which could influence the Fed’s interest rate-hiking plans through year-end, he said.

The tech-heavy Nasdaq led the market higher as investors also reacted to the fall in commodity prices over the past month, which has helped to cause a moderation in inflation expectations and a fall in bond yields from their recent peak. The shift has benefited growth stock valuations.

Even as crude oil prices snapped a 2-day skid on Thursday, they remained down nearly 20% over the past month, though energy stocks rallied on the day, reversing some recent losses. Chevron CVX rose 2%, while Exxon XOM gained 3.2%.

Paul Nolte, a portfolio manager at Kingsview Asset Management, said economic growth fears that triggered the pullback in commodity prices also have inspired a shift in thinking about the Federal Reserve’s plans.

Investors increasingly are betting that the central bank won’t need to be as aggressive with its interest rate hikes.

“Markets right now are betting that the Fed is going to break and follow the economy, not necessarily inflation,” Nolte said.

Instead, traders are hoping that the battering delivered to stocks this year means that there might be an opportunity for the market to be pleasantly surprised when the U.S. second quarter earnings reporting season enters full swing next week.

While awaiting Friday’s jobs report, investors heard from several Fed officials, including Fed Gov. Christopher Waller who said he backs a 75 basis point rate hike later this month, and likely another 50 basis point increase in September. Waller also said recession worries are “overblown.”

St. Louis Federal Reserve President James Bullard said Thursday that he didn’t see a U.S. recession on the horizon, but that there’s a “good chance” of a soft economic landing.

The benchmark 10-year Treasury yield BX:TMUBMUSD10Y rose for a second day in a row, up 9.6 basis points to 3.007%.

Data released Thursday by the Labor Department showed the number of Americans filing new claims for jobless insurance increased by 4,000 last week, while the number of ongoing claims increased by 51,000.

The U.S. also saw its trade deficit narrow in May, data that Capital Economics says could help bolster growth in the second quarter. Lately, investors have increasingly feared that the U.S. economy might see slow growth, or perhaps even a contraction, during the second quarter.

Single stock movers

Shares of Micron MU ended up 2.6%, while those of AMD AMD rose 5.2% and Nvidia NVDA shares gained 4.8% after South Korea’s Samsung KR:005930 reported stronger than expected earnings guidance.

Freeport-McMoRan FCX, Schlumberger SLB and Diamondback Energy FANG, APA Corp. APA and Halliburton Co HAL rose 6.7%. 5%, 5.5%, 7.8% and 5.2%, respectively, as oil prices rallied.

ON Semiconductor Corp. ON rose 9.2% on the Samsung news.

Elevator maker Otis Worldwide Corp. OTIS slumped 1.6% on Thursday after a JP Morgan analyst expressed concerns about the stock’s valuation.

Other markets

Crude oil prices closed higher. West Texas Intermediate crude CL CLQ22 rose 4.3% to settle at $102.73 a barrel. The U.S. benchmark lost nearly $10 over the previous two sessions amid worries about easing global demand.

Posted by Good123 > 2022-07-09 19:06 | Report Abuse

KUALA LUMPUR (July 9): Bursa Malaysia is likely to trade higher next week, partly due to investors scaling back their expectations of a global slowdown, said an analyst.

Inter-Pacific Asset Management Sdn Bhd executive director and fund manager Datuk Nazri Khan Adam Khan said the benchmark index is expected to reach 1,450 points next week on the back of improving investors' sentiment amid stronger economic data reported earlier this week.

“Malaysia’s economic data is better than expected. Employment and manufacturing data is stronger than pre-Covid-19, making the recession fears unfounded,” he told Bernama.

On Thursday (July 7), the Department of Statistics Malaysia reported that the number of unemployed persons in May 2022 continued to decline with a reduction of 1.8% to 637,700 persons from 649,300 persons the previous month.

The labour force situation in May 2022 also remained resilient, registering a month-on-month increase in the labour force of 0.2% to a record 16.54 million persons from 16.5 million persons in April.

For the week just ended, the local bourse was traded mostly lower amid prevailing cautious sentiment in the market. On Wednesday, Bank Negara Malaysia decided to increase the overnight policy rate by 25 basis points for the second consecutive session, raising the interest rate to 2.25%.

The commodities rout also weighed on the Energy Index and Plantation Index this week.

On Friday, the FBM KLCI advanced 7.10 points to finish the day at 1,425.79 from Thursday's close at 1,418.69. On a weekly basis, the benchmark index was 23.96 points easier from 1,449.74 at the end of the previous week.

On the index board, the FBMT100 Index trimmed 166.63 points to 9,893.08, the FBM Emas Shariah Index lost 287.06 points to 10,193.92, the FBM Emas Index decreased 179.35 points to 10,136.53, the FBM ACE shaved off 116.71 points to 4,667.81 and the FBM 70 weakened by 207.23 points to 12,196.31.

Sector-wise, the Plantation Index gave up 289.86 points to 6,634.86, the Industrial Products and Services Index lost 8.86 points to 172.83, and the Energy Index was down 48.04 points to 636.44.

The Financial Services Index rose 20.31 points to 16,077.12, the Healthcare Index fell 12.55 points to 1,628.44 and the Technology Index eased 1.96 points to 59.95.

Weekly turnover was lower at 9.45 billion units worth RM6.49 billion from 11.09 billion units worth RM7.95 billion last week.

The Main Market volume narrowed to 5.74 billion shares valued at RM5.61 billion from 7.15 billion shares valued at RM6.92 billion in the previous week.

The Warrant volume eased to 2.11 billion units worth RM412.91 million against 2.14 billion units worth RM444.94 million.

The ACE Market volume fell to 1.59 billion shares valued at RM460.36 million versus 1.77 billion shares valued at RM589.15 million the week before.

Posted by Good123 > 2022-07-10 16:47 | Report Abuse

KUALA LUMPUR (July 10): Bursa Malaysia has said there is much potential upside for Malaysian shares because the FBM KLCI has one of the lowest forward price-earnings ratios (PERs) among benchmark Southeast Asian equity indices and that Malaysia has the lowest inflation rate in the region.

"Despite rising concern over cost of living, Malaysia has the lowest inflation rate in the region. The FBM KLCI also has one of the lowest forward [PERs] and this could provide much potential upside to investors," Bursa's research arm Bursa Digital Research said in a Facebook post on Friday (July 8).

Quoting Bloomberg data as of June 2022, Bursa said the KLCI's PER stood at 15.1 times compared to Singapore's Straits Times Index's 12.9 times, Philippines Stock Exchange PSEi Index's 16.3 times, Indonesia's Jakarta Stock Exchange Composite Index's 16.7 times and Thailand's SET Index's 17.3 times.

At Bursa on Friday (July 8), the 30-stock KLCI closed up 7.1 points or 0.5% to 1,425.79.

Bursa's Facebook post also cited April 2022's average inflation data from the International Monetary Fund, which recorded year-on-year (y-o-y) changes in average consumer prices in these countries.

According to Bursa's Facebook post, Malaysia's average y-o-y growth in consumer prices stood at 3.05% compared to Indonesia's 3.29%, Singapore's 3.49%, Thailand's 3.51% and the Philippines' 4.26%.

According to the Department of Statistics Malaysia's (DOSM) latest reported data in a statement on June 24, 2022, Malaysia's inflation, as measured by the consumer price index (CPI), increased 2.8% in May 2022 from a year earlier, led by food's price rise of 5.2%.

The country's CPI rise accelerated to 2.8% in May 2022 from the 2.3% y-o-y increase in April 2022, according to the DOSM.

Bank Negara Malaysia (BNM) said in a statement on Wednesday (July 6, 2022) that year-to-date, Malaysia's headline inflation averaged 2.4%.

"While it is projected to remain within the 2.2%-3.2% forecast range for the year, headline inflation may be higher in some months due mainly to the base effect from electricity prices," BNM said.

Posted by Good123 > 2022-07-11 18:11 | Report Abuse

KUALA LUMPUR: The risk of Malaysia's credit rating being downgraded has tapered off as other international rating agencies are now expected to follow S&P Global Ratings' move in upgrading the country's creditworthiness, economists said.

The likes of Moody's Investors Service and Fitch Ratings might change their outlook on Malaysia's long-term creditworthiness to reflect progress of its economic recovery, they added.

Sunway University Economics professor Dr Yeah Kim Leng said with S&P's recent upgrade of Malaysia's outlook to stable, a downgrade of the country's sovereign rating had diminished unless there was a split in opinion.

"They are more likely to affirm their current ratings and perhaps change their outlook on Malaysia's creditworthiness to reflect its economic recovery prospects and ability to strengthen its fiscal metrics following elevated deficit spending to mitigate the prolonged pandemic's impact on the economy," Yeah told the New Straits Times today.

Putra Business School associate professor Dr Ahmed Razman Abdul Latif said the potentially positive outlook would be due to the encouraging macroeconomic indicators registered for the past few months.

"These include the positive five per cent growth in the gross domestic product (GDP) for the first quarter (Q1) of 2022, declining unemployment rate, positive current assets and trade balance, high commodity prices such as petroleum, higher export value as well as high foreign direct investment (FDI) recorded in the first half of the year," he said.

Last week, S&P reaffirmed Malaysia's sovereign credit ratings at A- and revised the outlook from "Negative" to "Stable".

The revision reflected Malaysia's effective Covid-19 policy response, which had enabled a strong economic recovery, as well as the country's resilience amid an uncertain and highly challenging global landscape, the firm said.

"The stable outlook reflects our expectations that Malaysia's steady growth momentum and strong external position will remain in place over the next two years. We revised the outlook to stable in recognition of Malaysia's consistently strong growth trend that is faster than sovereigns of similar income level," it added.

S&P expects Malaysia's GDP to grow 6.1 per cent in 2022 and 5.0 per cent in 2023.

Meanwhile, Maybank Investment Bank Bhd (Maybank IB) said Malaysia's recovery strengths had offset the weakness on higher indebtedness and weak fiscal performance.

"S&P thinks that the political commitment to resume fiscal consolidation is strong with certainty on policymaking as the government reached a compromise with the opposition while recognising that the political landscape remains fluid."

"While not explicitly highlighted, the outlook increase was likely driven by an upgrade of S&P assessment on Malaysia's economic profile to a score that was higher than pre-Covid, Maybank IB added.

"Going forward, Malaysia's rating downward sensitivity will be more affected by S&P assessment of growth prospects and effectiveness of policymaking, both can be subjective, in our view," Maybank IB said.

Posted by Good123 > 2022-07-11 18:13 | Report Abuse

Knight Frank Malaysia executive director, research & consultancy, Amy Wong.

She highlights some of the opportunities that can be found currently, including record low interest rates and the development of new MRT lines. On the former, Wong says that the current financing options are at the lowest interest rates in a decade.

“Bank Negara Malaysia maintained the OPR (overnight policy rate) at between 3% and 3.25% for almost 10 years, between 2011 and January 2020, before decreasing it gradually to a record low of 1.75% in July 2020. The recent increase to 2% is seen as a moderation of the market and should not immediately have a negative impact on the real estate sector.

Posted by Good123 > 2022-07-12 09:48 | Report Abuse

Tetap yakin! Sabri akan menjaga bayinya.. biar gambar berbicara

https://pasukhasgroup.com/yayasan-veteran-atm-bakal-jana-pendapatan-rm3-juta-setahun/

Posted by Good123 > 2022-07-12 20:21 | Report Abuse

KUALA LUMPUR (July 12): China is ready to import more palm oil, tropical fruits and other agricultural products from Malaysia, said China State Councillor and Foreign Affairs Minister Wang Yi.

Wang, who is on his two-day official visit to Malaysia starting Monday (July 11), said China will also make arrangements for the first group of Malaysian students to return to China and resume their studies as soon as possible.

He said both sides also planned for a significant increase in the number of direct flights between China and Malaysia, in line with the aspiration of the people of both countries.

Posted by Good123 > 2022-07-13 08:49 | Report Abuse

Tunggu konglomerat lain untuk mengambil alih pasukhas je :)

Chin Hin Group Property bags a RM330 million job to undertake substructure and superstructure works for Intel’s Pelican project.

Posted by Good123 > 2022-07-13 18:16 | Report Abuse

Datang untuk menyapu Hartanah disini :)

China will ramp up food imports from Malaysia; more direct flights between the two countries, says its foreign minister

Posted by Good123 > 2022-07-14 08:08 | Report Abuse

Semua boleh jual :)

SINGAPORE (July 13): SGX-listed Versalink has sold its property in Malaysia to Bursa-listed Axis-REIT for a cash consideration of RM41 million (S$13 million).

On Tuesday (July 12), Versalink’s wholly-owned subsidiary, Jemaramas Jaya Sdn Bhd, accepted a binding letter of offer for the sale of the parcel of land at Lot 6119, Jalan Haji Salleh Batu 5 ½ off Jalan Meru 41050 Klang, Selangor to...(click on link for full story on theedgesingapore.com)

Posted by nightmare007 > 2022-07-14 09:43 | Report Abuse

sudah mau terbang tanpa henti...terindah~~~