Today should be good, Dow Jones up 253,crude oil nymex up 1.84cts above 60usd per barrel and Brent oil gain to 64+usd,malaysia GDP announce the fastest in the decade achieve 5.9 ,umw collected enough at bottom no more force selling and most contra players journey home celebrate CNY and most of all after CNY it will be bullish market as in the past, gong xi gong xi huat huat huat
It doesn't matter 24,27or28 as long as its a good quarter report. Billion of ringgit down the drain, many are disappointed but still hopeful for the better results
Floating storage in Asia declining. Reuters reports that there are about 15 supertankers of oil floating off the coast of Singapore and Malaysia, which is down a bit from November but down by about half from mid-2017. The data is a sign that the oil market is tightening...
This counter is very undervalue, with the biggest boss PNB at the back, what u all worried??? Ppls who bought at IPO now can get 10 lots!! Use small Money win big money!
For some 60% of shareholders (like PNB, etc) who had the IPO shrs @RM2.80, their TP is 95 sen (after Rights issue).... those who bot at 90 sen when it's cheap, their TP is 46sen.... those who bot at 70 sen, their TP is 40 sen...and so on...
...the same reasons that oil price felled in 2014 would likely be the reversed reasons for oil price to firm in the coming months of 2018...
Impairments are likely done or will be done by Q4, 2017... if they continue to impair when oil prices are above costs, then those are the 'failed' companies to avoid.
Impairment provisions made in 2015-17 by oil companies can be fwd looking to expect some write-backs (or reversal of impairments) in 2018-19 if the oil biz improves... It's all depends on the OIL PRICE...
Profit will rise with the interest cost saving from the RI proceeds used to pare down borrowings. This is all within expectation and will not make the share price to fly because the EPS will still not be fantastic. What will make the share price to fly if there is impairment reversal, that will be a surprise. This piece of news below should be a support for impairment reversal and if the reversal doesn't happen, likely the impairment has been understated by the management previously:
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....
nekosan
3,637 posts
Posted by nekosan > 2018-02-13 20:30 | Report Abuse
[ UMWOG ] 3 Reasons Why it will Rebound Tomorrow
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hahaha laugh die me