Posted by Fortunebull > 2013-12-03 20:12 | Report Abuse

I3investor most experienced investors, traders, punters gather to exchange their views on current stocks! Beware! Most of their views may not be suitable for those under 90s!

24 people like this.

20,835 comment(s). Last comment by Cik Babe 2018-03-04 11:09

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-16 09:07 | Report Abuse

selamat pagi Sa, awak maksud google ke?

Tessa Joseph

7,919 posts

Posted by Tessa Joseph > 2015-08-16 09:11 | Report Abuse

good morning ys, my website memang pakai google, yahoo, msn, so far ok but strangers also ada, bad crawlers, blocked baru nampak less trying to login...hmmm

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-16 09:14 | Report Abuse

aku ada pergi webpage market semalam, aku download lagi


aku nak masak
KUTPAI

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-08-16 09:33 | Report Abuse

Good morning everyone...

Tessa Joseph.. I browse thru ur blog and I read ur everything.. So well organized and very fun to learn new things from there... I live ur So.....? And always so funny of ur short comment... Hahahaha

Looking forward to reading more..


Cheers Rikki, Tessa, ys babe and many many.....
See u all soon

Hitman

1,301 posts

Posted by Hitman > 2015-08-16 09:44 | Report Abuse

Bro Duit, why u always forget me?...this is why im not around lately https://www.youtube.com/watch?v=alQlJDRnQkE ..busy acting...duit,sa,mama YS, bro rikki,connie and others see uolss at nearby cinema..kikiki...

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-08-16 09:52 | Report Abuse

Hitman.... Never forget u but choose to peek u far far away la...

Apa cinema? Loss nearby?

Hitman

1,301 posts

Posted by Hitman > 2015-08-16 09:59 | Report Abuse

Bro duit, hehehe dont peek2 la...err..gtg dude, hitman always love u..muacckk..kutpai.

Mark T Bird

1,444 posts

Posted by Mark T Bird > 2015-08-16 13:49 | Report Abuse

duit & hit, hohoho
Happy Sunday

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-08-16 13:52 | Report Abuse

Mark T Bird..

Happy Sunday to you too

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-16 13:53 | Report Abuse

duit, so tu mmg kelakar, aku suka gak baca

amboi dgn aku si burung ini tak ucap happy sunday pun, nyampah!

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-08-16 13:54 | Report Abuse

Ya la IS babe.. Never tot Tessa can be so kelakar.....

U orang semua hebat la...i selalu diam diam belajar only

Mark T Bird

1,444 posts

Posted by Mark T Bird > 2015-08-16 13:55 | Report Abuse

happy sunday babe!!!

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-16 13:56 | Report Abuse

duit kipidap (ciplak hit)
hehehe

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-08-16 14:17 | Report Abuse

Hahah IS Babe.. Ask bukit aman catch u only know.. So naughty

Tessa Joseph

7,919 posts

Posted by Tessa Joseph > 2015-08-16 18:33 | Report Abuse

duit, ys!! Thanks, I'm glad you like it!

muaaah

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-16 20:04 | Report Abuse

i suka bila awak komen ada apa tu? emoji? rupa marah meradang terkejut....hehehe

Mark T Bird

1,444 posts

Posted by Mark T Bird > 2015-08-16 21:09 | Report Abuse

Babe, I love that look on Tessa face http://superawesomedeals.com.my/

hohoho

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-16 21:12 | Report Abuse

ape?? awak tak baca lain ke? hish hish
baik awak baca macam2 ada situ, aku rasa awak pun ada dalamnya, rugi tak baca tau hehehehe

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-08-16 21:13 | Report Abuse

Is Tessa a boy or girl a Chinese or Malay or India?

Tessa Joseph

7,919 posts

Posted by Tessa Joseph > 2015-08-16 21:25 | Report Abuse

if you want to read about klse, here

http://superawesomedeals.com.my/market

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-16 21:31 | Report Abuse

apa PKR sue najib

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-16 22:22 | Report Abuse

Tessa, aku suka So
sebab ada opinion awak situ
hehehe

selamat malam semua sini rikki yg rajin, duit yg ramah, bird yang nakal, hit yang macam sabut tenggelam timbul, tak lupa tessa yang rajin kongsi berita dengan kita semua, kutnaik!!!

KUTPAI
HEEHEE

duitKWSPkita

26,756 posts

Posted by duitKWSPkita > 2015-08-16 22:58 | Report Abuse

Ms Tessa Joseph...

Memang ada baca ur KLSE related news.... I spent many hours for market news so I sapu all ur articles lo.... hahahahha

I wanna learn fast ....

Tessa Joseph

7,919 posts

Posted by Tessa Joseph > 2015-08-17 10:18 | Report Abuse

wonderful! morning a bit busy, after 2 gua taruh new article :) headline and so, suda updated.

GTG

Tessa Joseph

7,919 posts

Posted by Tessa Joseph > 2015-08-17 16:11 | Report Abuse

done feel free to visit all webpages

rikki

2,028 posts

Posted by rikki > 2015-08-17 20:42 | Report Abuse

Ringgit and stock market – halting the rout

My view is that both the ringgit and KL stock market are undervalued,’’ said Chris Eng, head of research, Etiqa Insurance & Takaful, noting that the ringgit to US dollar had broken above his support level of RM4, and the KL stock market had gone below his support level of 1,670 points.

To illustrate, at the end of 2013, the KLCI was at 1,867 while GDP grew at 4.7% and KLCI earnings at 6%; in 2014, the KLCI was at 1,761 and GDP grew at 6% and KLCI earnings fell 1%.

“For the KLCI to be at 1,600 means that the market is factoring in more than 5% contraction in earnings in 2015 and 2016 combined. That would mean that Malaysia is likely to slip into recession but I don’t think we are there yet,’’ said Eng.

Despite the negatives, UOBKayHian is still expecting a significant rebound in the KL market in the fourth quarter, with recently sold down defensive stocks ranking high in the tactical rebound list.

“While generally defensive, we advise raising exposure to sold-down defensive food and beverage stocks, exporters (weak ringgit beneficiaries) and high yielders with resilient cash flows. However, we would still generally avoid the cyclical sectors such as oil and gas and automobile,’’ said Vincent Khoo, head of research, UOBKayHian.

http://www.thestar.com.my/Business/Business-News/2015/08/17/Ringgit-and-stock-market-halting-the-rout/?style=biz

rikki

2,028 posts

Posted by rikki > 2015-08-18 10:31 | Report Abuse

Insider Asia’s Stock Of The Day: Magni-Tech Industries

MAGNI-TECH (Fundamental: 2.8/3, Valuation: 2.4/3), a contract manufacturer for global sportswear leader Nike, was first recommended by InsiderAsia back in October 2014 as an undiscovered, undervalued stock. Its shares have done well since, up 39% to current price of RM3.95. We continue to like the stock, for both its solid fundamentals and growth potential.

Magni-Tech diversified into garment manufacturing in 2006 and has, since then, recorded 10 years of uninterrupted earnings growth. Today it is one of the largest sport apparel manufacturers in Malaysia — about 96% of its FYApril2014 garment revenue was derived from Nike.

Over the past five years, turnover has expanded by CAGR of 13.7%. In FY15, net profit jumped an outsized 24% to RM52.1 million on the back of 10% sales growth. The higher margins were attributed to economies of scale, increased investment income as well as foreign exchange gains. About 70% of its plant and machinery have been depreciated over the years.

Accordingly, ROE has also been on the rise, from 11.4% in FY11 to 21.7% in the latest FY15.

The company generates strong free cashflow yearly, on the back of steady cashflow from operations and modest capital expenditure. As a result, cash pile has been growing. Net cash currently stands at RM69 million.

This enables the company to gradually raise dividends. In tandem with its earnings growth, Magni-Tech’s annual dividend payments have been on an uptrend since FY06.

It proposed a final dividend of 3 sen and a special dividend of 7 sen, bringing up total dividends for FY15 to 15 sen per share. This translates into a relatively generous yield of 3.8%. With dividend payout ratio at just 31% of net profit, there is room to further raise dividends.

Valuations are undemanding at a trailing 12-month P/E of 8.2 times, compared with peer Prolexus’ 12.1 times.

http://www.theedgemarkets.com/my/article/insider-asia%E2%80%99s-stock-day-magni-tech-industries

rikki

2,028 posts

Posted by rikki > 2015-08-19 08:47 | Report Abuse

Evergreen in position to trade higher, says AllianceDBS Research

KUALA LUMPUR (Aug 19): AllianceDBS Research said Evergreen Fibreboard Bhd (Evergreen) ( Financial Dashboard) was in position to trade higher and that Evergreen had on August 18 tested previous day’s low of RM1.75 before settling at the day’s high of RM1.86 (up 8 sen or 4.49%).

In its evening edition yesterday, the research house said a crossover of the RM1.86 hurdle would likely see Evergreen trading upward with the next upside target pegged between RM2.00 and RM2.07.

“Risk taking traders can establish a buying position at RM1.83 on a small pullback.

“Once a buying position is established, a stop loss at RM1.80 level must be placed for risk capital protection, and this RM1.80 is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM30 (excluding brokerage) for RM170 – RM240 potential profit, you may acquire 1,000 shares with a capital amount of RM1,830 assuming buying order is filled at RM1.83,” it said

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-19 15:10 | Report Abuse

Hit, tessa sebut awak kat webpage so http://superawesomedeals.com.my/so
kasihan
hehehehe

Tessa Joseph

7,919 posts

Posted by Tessa Joseph > 2015-08-19 15:18 | Report Abuse

Hahaha

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-19 16:00 | Report Abuse

heheheeee

Hitman

1,301 posts

Posted by Hitman > 2015-08-19 17:46 | Report Abuse

ys babe, where?

YS Babe

6,888 posts

Posted by YS Babe > 2015-08-19 18:03 | Report Abuse

tu link aku kasi tu

rikki

2,028 posts

Posted by rikki > 2015-08-19 19:55 | Report Abuse

Evergreen Fibreboard back in the black with RM23.89m profit in 2Q

KUALA LUMPUR (Aug 19): Wood-based products maker Evergreen Fibreboard Bhd ( Financial Dashboard) returned to the black the second quarter ended June 30, 2015 (2QFY15) with a net profit of RM23.89 million or 4.66 sen per share compared with a net loss of RM21.69 million or 4.23 sen loss per share a year ago.

In a filing with Bursa Malaysia today, Evergreen attributed the increase in profit to the lower cost of log and glue, higher operational efficiency and synergistic cost savings derived from the group's recent restructuring of certain operational facilities.

Revenue for the quarter jumped 20% to RM259.96 million from RM215.81 million in 2QFY14, on higher sales volume and the strengthening of the US dollar.

For the six-month period ended June 30 (1HFY15), the group posted a net profit of RM43.95 million or 8.57 sen per share compared with a net loss of RM24.27 million or 4.73 sen loss per share in 1HFY14, while revenue climbed 8% to RM492.09 million, from RM455.33 million.

Going forward, Evergreen expects to post better results in the coming quarter, capitalising on the steady global demand for medium-density fibreboard (MDF) and the strengthening of the US dollar.

Besides that, the group will continue to employ cost control measures and to maximise productivity and equipment enhancement through the modernisation and automation of its manufacturing processes.

Evergreen  (fundamental: 0.85; valuation: 0.3) shares closed 9 sen or 4.8% higher at RM1.95 today, giving a market capitalisation of RM954.14 million.

rikki

2,028 posts

Posted by rikki > 2015-08-19 20:17 | Report Abuse

Eco World on track to meet RM3b property sales in FY15 despite broader market doldrums

KUALA LUMPUR (Aug 19): Eco World Development Group Bhd ( Financial Dashboard) is on track to meet its sales target of RM3.0 billion for its financial year ended Oct 31, 2015.

Its chief executive officer Datuk Chang Kim Wah said that demand for Eco World properties remained intact due to their prime locations and strong brand name.

He told the press after an extraordinary general meeting (EGM) to approve a proposed joint development between Eco World and UDA Holdings Bhd that the development order for the project has already been obtained and that it will start construction next year.

The gross development value for the mixed development at a prime piece of land in KL close to the Hang Tuah LRT is approximately RM8.7 billion.

Eco World holds 60% equity interest in the joint venture vehicle BBCC Development Sdn Bhd, while UDA holds the remaining 40%.

The proposed joint development was passed during the EGM.

rikki

2,028 posts

Posted by rikki > 2015-08-20 21:42 | Report Abuse

Depreciating ringgit won’t significantly impact rated Malaysia firms, says S&P

KUALA LUMPUR: Standard & Poor's Ratings Services says the depreciation in the Malaysian ringgit won't significantly affect rated Malaysian companies.

Standard & Poor's credit analyst Xavier Jean said on Thursday the weakening ringgit by itself “will have only a limited impact on the cash flow adequacy and operating performance of the eight companies that we rate in Malaysia".

In the report issued on Thursday entitled, "Why a weak ringgit won't significantly affect rated Malaysian companies," he said most of these companies have adequate rating headroom.

Jean pointed out these companies had moderate leverage, sound liquidity, and generally conservative financial policies.

S&P said the ringgit is nearing a 17-year low against the US dollar. Not only has the currency weakened by about 15% since the beginning of the year, the depreciation has been accelerating over the past few weeks. 

The depreciation will have an overall modest effect on the leverage of the rated companies, but it could have a slightly pronounced impact on profitability for some. 

What works in favor of the rated Malaysian companies is the absence of major mismatches between the currencies of their debt and their revenues. 

The situation in Malaysia contrasts sharply with that in Indonesia, where the credit impact of the depreciation of the Indonesian rupiah on companies has been more pronounced.

"Although a prolonged weakness in the ringgit could bring the financial ratios of some companies close to their downgrade triggers, factors that companies control, including spending strategies, dividends, and acquisitions, will remain more important for the rating transitions," said Jean.

http://www.thestar.com.my/Business/Business-News/2015/08/20/Depreciating-ringgit/?style=biz

rikki

2,028 posts

Posted by rikki > 2015-08-20 21:46 | Report Abuse

Support Line

IFCA

IFCA MSC fell to an eight-month low of 63.5 sen on Tuesday before turning range-bound. Based on the daily chart, this stock will remain in correction mode, as long as the declining 14-day and 21-day simple moving averages, resting at 80 sen and 89 sen respectively, continue to pressure the stock. A slip below the 63.5 sen floor may drag the shares down to 50 sen.

http://www.thestar.com.my/Business/Business-News/2015/08/20/Support-Line/?style=biz

rikki

2,028 posts

Posted by rikki > 2015-08-21 20:37 | Report Abuse

US Stock Markets Outlook as at August 21, 2015

The top US indices dropped between 2.0-2.9% yesterday. In term of points lost, DJIA lost 358 points while S&P500 & Nasdaq lost 44 & 142 points respectively. We can see from the charts below that DJIA & S&P500 are now below their long-term uptrend line while Nasdaq is resting on its uptrend line.  

In my opinion, DJIA is leading the decline in US markets because the top 30 stocks consist of many global companies that are being negatively impacted by the strengthening of the US Dollar. Even without this unfavorable movement in the USD, the US markets are over-extended and due for a serious correction. Looking at the charts, I believe it will be more than just correction that we should worry; this could be the market top!

http://nexttrade.blogspot.com/2015/08/us-stock-markets-outlook-as-at-august.html

rikki

2,028 posts

Posted by rikki > 2015-08-21 20:53 | Report Abuse

Today's Commendable Quarter Results :-

1) MMSV @ RM0.635
QoQ Revenue increased by 49% from RM7.652m to RM11.432m
QoQ Profit increased by 114% from RM1.671m to RM3.572m

2) FLBhd @ RM1.51
QoQ Revenue increased by 67% from RM30.032m to RM50.132m
QoQ Profit increased by 142% from RM3.323m to RM8.045m

3) Mieco @ RM0.835
QoQ Revenue increased by 13% from RM80.276m to RM90.565m
QoQ Profit increased by 109% from RM3.222m to RM6.735m

4) Scicom @ RM1.75
QoQ Revenue increased by 11% from RM43.233m to RM48.133m
QoQ Profit increased by 16% from RM9.156m to RM10.595m

rikki

2,028 posts

Posted by rikki > 2015-08-22 10:35 | Report Abuse

You are welcome SgMas, just sharing information & hopefully all will make money from bursa.

rikki

2,028 posts

Posted by rikki > 2015-08-22 10:40 | Report Abuse

Dow, Nasdaq plunge 3% into correction

U.S. stocks closed deep in the red on Friday as global growth concerns accelerated selling pressure to push the Dow and Nasdaq into correction territory. ( Tweet This )

The major averages had their biggest trade volume day of the year and posted their worst week in four years.

The Dow Jones industrial average closed at session lows, off nearly 531 points and in correction territory for the first time since 2011 as all blue chips declined. The last time the index closed more than 500 points lower was on Aug. 10, 2011. In the last five years, the index has only had four instances with closing losses of more than 400 points.

"For investors the momentum and the drive of the market is now lower (than) it used to be because there's no place to hide," said Lance Roberts, general partner at STA Wealth Management. "Every time we hit the major technical points we kept selling."

"What is important is the price action of the market has done something we haven't seen since the last bull market peak," Roberts said. "There is something going on internally in the market. That illness that has been building up in the market."

A trader also noted that investors stopped looking at technicals and were plowing through them.

"It's an expiration day and it looks like they're to have for sale on the close maybe as much as a billion dollars," said Art Cashin, director of floor trading for UBS.


The Nasdaq Composite lost 3.5 percent, also closing in correction territory and joining the other major averages in negative territory for the year.

Apple declined 6 percent, in bear market territory, and the iShares Nasdaq Biotechnology ETF (IBB) plunged 3.1 percent.


"Right now there is a feeling of fear in the marketplace and all news is interpreted negatively and it's interpreted indiscriminately," said Tom Digenan, head of U.S. equities as UBS Global Asset Management.


The S&P 500 fell through a support level of 1,980 to end at 1,970, off 7.6 percent from its 52-week high. The index is off about 4.3 percent for the year so far. Information technology and energy led all 10 sectors lower on the day. Energy was the worst decliner for the week, with no sectors posting weekly gains.

About 70 percent of the S&P 500 is in correction or worse, with 31 percent in a bear market and 39 percent in correction territory.

"It's more of the same," said Peter Boockvar, chief market analyst at The Lindsey Group. "From a technical perspective we broke" 2,040 on the S&P 500, the lower end of the trading range.

http://www.cnbc.com/2015/08/21/us-markets-global-growth.html

rikki

2,028 posts

Posted by rikki > 2015-08-22 14:56 | Report Abuse

Winners and losers of foreign currency depreciation

THE depreciation of the ringgit against the greenback has increased the vulnerability of corporations that have high exposure in foreign currency loans, especially US-dollar denominated debts.

However, this does not necessarily mean that these companies are in trouble.

This is especially so if the company is generating revenue in foreign currency, and thus is naturally hedged.

YTL Corp Bhd, MISC Bhd, Malaysia Airports Holdings Bhd, IOI Corp Bhd and Bumi Armada Bhd are likely to suffer the least because their assets and earnings match their foreign currency debts.

YTL has a total debt of RM35.6bil, one of the highest among the listed companies on Bursa Malaysia. While 60% of YTL’s total debt is in foreign currencies, more than 65% of its revenue is from overseas and most of its borrowings are tied to its power plant and water assets.

“YTL will only take foreign currency debts for assets that will generate revenue in that particular currency, it’s a natural hedge, which reduces the company’s risk from the volatility in the currency market,” says an analyst.

Meanwhile, for Maxis Bhd and Axiata Group Bhd, their exposure to US dollar debt is at 32% and 44%, respectively.

About 41% of Axiata’s revenue is from Malaysia, 34% from Indonesia and 10% from Bangladesh, while the bulk of Maxis’s revenue is from Malaysia.

Axiata’s management has recently noted that the company is currently in the midst on managing its US dollar debt exposure and plans to reduce this in the next six months.

The company is planning to restructure a US$590mil loan taken by its Indonesian unit into local currency-denominated partial sukuk.

Companies such as MISC Bhd and Bumi Armada benefit from the sustained weakness of the ringgit against the US dollar because its income and cost are predominantly quoted in US dollar terms.

Based on Bumi Armada’s annual report, the company is exposed to fluctuations in forex rates as it does not hedge its interest rate risk.

An increase rate hike of 0.5% for US dollar will have an impact of RM1.4mil loss and vice versa.

“However, the company’s foreign denominated borrowings are hedged and as such any interest rate fluctuations will have minimal impact,” it stated in the annual report.

Meanwhile, AirAsia Bhd and Astro Malaysia Holdings Bhd seem more vulnerable to a prolonged weakness of the ringgit, as their margins are squeezed by increased operational cost.

For AirAsia, its jet fuel costs and aircraft parts are primarily denominated in US dollar while sales are mainly in ringgit.

About 85% of AirAsia’s debt is in US dollar for the acquisition of its fleet of aircraft.

For the second quarter ended June 30, the company’s unrealised forex loss on borrowings totalling RM43.6mil was due to the adverse movement in the exchange rate on US dollar-denominated borrowings.

Stripping off the forex loss and termination of finance cost, AirAsia’s pre-tax profit for the period is RM48.76mil compared with RM255.31mil in the corresponding period last year, where it had enjoyed a gain of RM202.92mil on forex gains on borrowings.

Nonetheless, AirAsia has active hedging strategies, of which it had hedged 51% of its fuel requirement for eth second half of this year at US$84 per barrel.

For Astro, according to HLIB Research report, about 70% of its content cost is in US dollars and 49% of total borrowing is in denominated in US dollar, while the receipts are in ringgit.

http://www.thestar.com.my/Business/Business-News/2015/08/22/Winners-and-losers-of-foreign-currency-debts/?style=biz

rikki

2,028 posts

Posted by rikki > 2015-08-23 12:22 | Report Abuse

Apple enters bear territory; tech stocks crushed

Shares of Apple entered bear market territory Friday, dropping more than 21 percent from their April 28 high of $134.54. After shares plummeted almost 6 percent to close at $106 for the day, Apple joined nine other Dow components already in bear market territory: Proctor & Gamble, IBM, Exxon, Intel, Walmart, Caterpillar, United Technologies,Chevron, and DuPont. 

U.S. stocks traded down more than 3 percent across the board Friday afternoon, with the Dow hitting a session low after headwinds from pressures like lower oil prices, Chinese market volatility and lack of positive macroeconomic news. Apple is one of many technology companies feeling the pain. 

http://www.cnbc.com/2015/08/21/apple-looking-bearish-with-majority-of-tech-stocks-in-correction-territory.html

calvintaneng

56,542 posts

Posted by calvintaneng > 2015-08-23 12:24 | Report Abuse

According to Dr Marc Faber All will collapse one by one. Better keep cash and watch www.chick.com

rikki

2,028 posts

Posted by rikki > 2015-08-23 12:41 | Report Abuse

Emerging market worries prompt selloff, but bulls remain

NEW YORK (Reuters) - The steep selloff that pushed down the benchmark Standard & Poor's 500 index five percent over three days may say more about the outlook for emerging markets than U.S. companies in the fourth quarter, fund managers and analysts say.

China's economic slowdown, recessions in Latin American countries such as Brazil and Chile, and a breakdown in commodity prices - combined with a thinly-traded market as many investors become more focused on tide charts than trading terminals - are prompting traders to overlook improving U.S. economic data, said Alan Gayle, portfolio manager at RidgeWorth Investments.

"There's a great deal of nervousness around the weakness in China, and that's overshadowing the fact that the U.S. economy is sound and the European Union economy is firming," he said.

Sales of existing U.S. homes rose in July to their highest level since 2007. U.S. auto sales, meanwhile, are on track for their best year in a decade.

Attention will return to those domestic metrics as the Federal Reserve begins its annual meeting in Jackson Hole, Wyoming, next week. Investors will be looking for any signs that the central bank is increasingly worried about global issues or whether it is going ahead with what had been a widely-expected interest rate hike in September.

The Fed has said its decision to raise rates will depend on data such as an improving jobs market and housing market. Should the Fed signal that it plans to raise rates, investor sentiment toward the United States and emerging markets may further diverge.

Minutes released Wednesday of the central bank's most recent meeting revealed Fed officials were concerned about "recent decreases in oil prices and the possibility of adverse spillovers from slower economic growth in China," a detail which helped spark the selling.

At the same time, North Korea put its troops on war footing Friday after South Korea rejected an ultimatum to halt anti-Pyongyang broadcasts. The prospect of war, or signs of more global worries, could further dampen U.S. stocks in the week ahead.

The slowdown in China and other emerging markets such as Brazil is hurting commodity-related companies, but it is not enough to affect either 2015 or 2016 earnings estimates for the S&P 500 as a whole, said Gina Martin Adams, equity strategist at Wells Fargo. Second-quarter earnings rose 0.1 percent from a year earlier, an improvement from the expected decline of 3.4 percent.

Low energy costs should benefit consumer discretionary companies, which Martin Adams expects to grow earnings by 12 percent for the year, up from her previous forecast of 8 percent.

Mutual fund managers are also making bets on U.S. companies that get the majority of their revenues from the domestic market. The average large-cap fund is overweight in U.S.-focused companies, including JPMorgan Chase & Co (JPM.N), railroad Union Pacific Corp (UNP.N), American Express Co (AXP.N), and Comcast Corp (CMCSA.O), according to research by Goldman Sachs.

Martin Adams estimates the S&P 500 will reach 2,222 over the next 12 months, an 11 percent gain from the 1,997 the index reached on midday Friday, after commodity prices bottom and earnings improve.

"The direction of the market is ultimately higher," she said.

http://mobile.reuters.com/article/businessNews/idUSKCN0QQ23S20150822

calvintaneng

56,542 posts

Posted by calvintaneng > 2015-08-23 13:31 |

Post removed.Why?

deOptimus

106 posts

Posted by deOptimus > 2015-08-23 15:41 | Report Abuse

bulls? bullshit la.

laughdieme liao. i so busy count money no time to waste time in i3.

baru finish counting half nia. all the profit from shorting dj nasdaq s&P bursak hk spore taiwan oil ringgit etc etc.


sorry for those who listen to OTB.

pls listen to alphajack. me no time to talk here, still got bags of money to count.

Ooi Teik Bee

11,526 posts

Posted by Ooi Teik Bee > 2015-08-23 16:00 |

Post removed.Why?

deOptimus

106 posts

Posted by deOptimus > 2015-08-23 17:51 |

Post removed.Why?

rikki

2,028 posts

Posted by rikki > 2015-08-24 21:06 | Report Abuse

August 24, 2015 Commendable Quarter Results :- 

1) Kawan @ RM2.48
QoQ Revenue increased by 18.6% from RM37.343m to RM44.289m 
QoQ Profit increased by 30.9% from RM5.554m to RM7.269m 

2) Harbour @ RM2.19 
QoQ Revenue increased by 16.5% from RM126.152m to RM147.017m 
QoQ Profit increased by 26.2% from RM12.345m to RM15.583m 

3) Liihen @ RM5.75 
QoQ Revenue increased by 23.4% from RM112.082m to RM138.275m 
QoQ Profit increased by 17.8% from RM10.744m to RM12.661m

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