Strong support at 0.315/0.32 over a week, believe it will shoot up like rocket one day, probably by second or third week of August 2019, even higher after releasing expecting good quarter result. Why EPF accumulating, suspect they have made known of the anticipate good quarter result
KUALA LUMPUR (Jul 15): Finance Minister Lim Guan Eng said he may pay another visit to China, potentially Shenzhen again, to attract more investment into Malaysia. Lim said although the US is the largest foreign investor in Malaysia and is expected to continue to increase, but the potential of China’s capital is increasing. “China has its advantage, and the US has its advantage. These two countries are among the best in terms of foreign investment, and they are both very important,” he told local Chinese media Kwong Wah Daily in an interview last Saturday. Lim said if he visits China again next month, his focus will be on investment, so one of the destinations would likely be Shenzhen, to attract high-tech, high-value Chinese major manufacturers to invest in Malaysia. Lim also said after his first official visit to China earlier this month, both countries' governments are discussing the possibility of establishing an interactive channel for the stock exchanges of both countries. Lim said he would discuss this further with Chinese authorities if his next visit to the country materialise. "I hope we can yield some results in the near future," he said. Lim said in addition to investment and business, both countries also hope to strengthen securities and stock exchanges areas. After a visit to the Shenzhen Stock Exchange, Lim said they are studying whether it is possible to create a new platform that makes both capital and stock markets more competitive, and gain more access to financing. Lim said this would require further works to be done, including formulation of the technological process and financing mechanism. Lim hopes that after visiting China, he could accelerate the materialisation of this objective. On the matter of potential raising of Panda bonds from banks in China, Lim said the Malaysian government is still considering it, as the government thinks that it deserves a lower interest rate. Meanwhile, Lim said after visiting Huawei’s operation in Shenzhen and meeting its management, the technology giant pledged to strengthen its investment in Malaysia. Lim also said representatives from Huawei will organise a visit to Malaysia as well, and he is scheduled to meet them to discuss more on the company’s potential implementation of 5G technology in Malaysia. "They will come in a week or two. When I am in Penang, I will discuss with them," he said.
every where die la at Bursa !!.. not just US-China trade war tension.. Mahathir war also create very big uncertainty !!.. in the next few months, there would be hell in this country.. if Mahathir still want to continue as PM.
The weak yuan ignited fear on Wall Street that a currency war has begun or that the United States would respond with even higher tariffs, prolonging the standoff with China and potentially weakening the global economy. Investors are particularly concerned that the Trump administration could try to devalue the dollar, sparking a currency war that could weaken Americans' purchasing power. "Risks of Trump intervening in foreign exchange markets have increased with China letting the yuan go," wrote Viraj Patel, FX and global macro strategist at Arkera, on Twitter. "If this was an all out currency war - the US would hands down lose. Beijing [is] far more advanced in playing the currency game [and has] bigger firepower." President Donald Trump once again called China a currency manipulator on Monday, saying the yuan devaluation was a "major violation." Trump has long attacked China for its currency policy, even though the Treasury has refrained from officially labeling the country a currency manipulator. China also announced Monday its companies have halted purchases of American agricultural goods. That helped to drive stocks even deeper into the red.
US-CHINA War Trade market uncertain, local and foreign funds money would not flow in big cap and mid cap stock .because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . Market money will flows in cheaper stock This is a opportunity in small cap cheaper stocks. sharks now start goreng lows price stock at bottom..
"Brent oil slid below $60 a barrel for a second day as investors weighed the prospects of a prolonged standoff between the U.S. and China, following the Trump administration’s labeling of the Asian nation as a currency manipulator."
"Brent crude prices are down about 8% this month as global economic worries eclipse the rising threat of supply disruptions in the Middle East."
MOVING FORWARD, WE ARE LOOKING AT LIKELY FULL BLOWN TRADE WAR COMBINE WITH CURRENCY WAR BETWEEN USA & CHINA! OIL PRICE WILL LIKELY CONTINUE TO PLUNGE FURTHER!
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....
haihai
178 posts
Posted by haihai > 2019-07-26 16:28 | Report Abuse
suddenly pickup after 4:20 pm .. sure up on Monday.