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!
U guys pls share with me.. I jz wan to tell I am a silent reader of you all.. I learn very much from U all...... I wanna thank everyobody to raise me up.... cheers...
Got plan.. I wan to blast two more counters before end of February.... wanna let more ppls earn.
As volatility returns, this is how emerging markets stack up
MANILA: The spectre of volatile financial markets is prompting investors to be more selective in emerging markets and Asia is stacking up to be among the most resilient when it comes to economic measures.
Among the 22 developing economies, Taiwan and Thailand come out on top in terms of current-account balances, while Brazil and Hungary are projected to have the largest debt pile, data compiled by Moody’s Investors Service show.
“Emerging-market assets have been bought as a bulk, but not every economy will continue to attract foreign investors from here,” said Tsutomu Soma, general manager of SBI Securities Co.’s Independent Financial Advisor department in Tokyo.
“Asia stands out both politically and economically. Latin America and Europe face political issues, while the Middle East’s got geopolitical risks.”
While emerging-market assets have recovered some of their losses from the February rout, another bout of volatility could be just around the corner as U.S. benchmark Treasury yields rise to near 3% amid prospects for tighter monetary policy by the Federal Reserve.
The MSCI Emerging Markets Index of shares is headed for a second weekly gain, rising 1% so far this week.
Current-account position Turkey will have the widest current-account deficit this year at 4.5% of gross domestic product, followed by Argentina and Colombia, according to Moody’s. By contrast, Taiwan, Thailand and South Korea will have the biggest surpluses, exceeding 5% of their GDPs.
When it come to currencies, those with a combination of solid current-account surpluses, ample foreign-exchange reserves and relatively light foreign investors’ positioning are likely to perform well even in an environment of increased market volatility, according to Divya Devesh, a Singapore-based Asian currency strategist at Standard Chartered Plc.
Standard Chartered maintains a positive view on the baht, while it expects the Philippine peso to continue to underperform due to “a modest current-account deficit and a relatively hands-off central bank,” he said.
Fiscal position Looking at the fiscal standing may give clues to bond investors. Brazil will have the biggest budget deficit in 2018 at 8% of GDP, while only the Czech Republic and South Korea will post surpluses, according to Moody’s.
“Sovereigns that have stronger fundamentals are likely to be best positioned to capital flow volatility,” said Anushka Shah, a Moody’s sovereign analyst in Singapore.
“Some features that raise vulnerability to such flows include wider financing needs as reflected in fiscal and/or external imbalances, as well as relatively high degrees of leverage.”
Debt pile Brazil also stands out as the nation with the heaviest government debt burden at almost 80% of GDP this year, according to Moody’s. At the other end of the spectrum is Russia, with debt at just 14% of GDP.
Reserves strength Countries with stronger reserve standing will be more resilient to external shocks, a reason for investors to be bullish on their assets. Governments that rely on cross-border, foreign-currency sources of financing to fund their overall debt -- such as Indonesia, Peru, Argentina, and Turkey -- would be vulnerable to sudden stops or outflows of capital, according to Moody’s Shah.
South-east Asia stocks up with Singapore rising 1pc
SINGAPORE, Feb 23 — Most South-east Asian stock markets rose today as investors responded with cheer after two Federal Reserve officials allayed concerns that the US central bank would intensify the pace of interest rate hikes this year.
St Louis Fed President James Bullard said yesterday that policymakers need to be careful not to increase rates too quickly as that could slow the economy, while Dallas counterpart Robert Kaplan said three rate increases in 2018 was a “reasonable” base case.
Two of the major indexes on Wall Street firmed overnight, following a downbeat performance the previous day after minutes of the Fed's last policy meeting showed inflation would perk up, setting the stage for additional rate hikes.
Asia shares ex-Japan climbed over 1 per cent.
In South-east Asia, Singapore shares rose as much as 1.1 per cent to a three-week top ahead of the release of inflation data.
Financials accounted for most of the gains on the index, with Oversea-Chinese Banking Corp climbing 2.1 per cent to an all-time high.
The index is on track for its best week since early January.
Indonesia snapped three sessions of losses to rise as much as 1 per cent, with Bank Central Asia up as much as 2.4 per cent and conglomerate Astra International gaining 3.1 per cent.
An index of the country's 45 most liquid stocks rose as much as 1.1 per cent.
Firmer oil prices have also contributed to the brighter outlook for regional markets, said Taye Shim, head of research at Mirae Asset Sekuritas.
“It is a commodities driven story and Indonesia is one of the key beneficiaries of commodity price recovery, which we believe is likely to continue as long as the dollar maintains its course.”
Thai shares were up as much as 0.4 per cent, led by banks, telecom and materials stocks.
The Philippine index, however, fell as much as 0.6 per cent, and is set to finish the week about 1.4 per cent lower. — Reuters
KUALA LUMPUR (Feb 23): After nearly 22 years as a public listed company, loss-making Scomi Engineering Bhd announced its shares will be delisted next Wednesday (Feb 28), following a successful merger with its parent company.
In a filing with Bursa Malaysia, Scomi Engineering said its shares will be removed from the official list of Bursa Securities on Monday, pursuant to Paragraph 16.07(b) of the Main Market Listing Requirements.
Earlier in August, its parent company Scomi Group Bhd proposed to consolidate its businesses by merging with its engineering and energy units — Scomi Engineering and Scomi Energy Services Bhd, respectively.
However, it became a three-way-turned-two merger, when shareholders of its energy unit rejected the offer at a court convened meeting.
The merger, done via a members' scheme of arrangement involving a share swap and an issuance of warrants, would see Scomi Engineering undergo a delisting process, making it wholly-owned by Scomi Group.
According to its bourse filing, the merger will enable Scomi to obtain full control of Scomi Engineering by making it its wholly-owned subsidiary, thereby providing synergies and greater flexibility for business planning and execution, besides reducing costs and strengthening the group’s balance sheet.
Incorporated in December 1985, Scomi Engineering — which was formerly known as Bell & Order — went public in June 1996. THEEDGE
Some story to start =) We are at the end of summer 2006. I had been trading since 2003 with great success and especially that year. I’m up 71% with my portfolio and I feel that everything I trade turns into gold. While I’m having great success with my trades, I’m also having great success in real estate. I just successfully sold my house and I’m going to buy another one in November. Everything is going smoothly ;-D
But there is this stock: Northern Shield Resources (CVE: NRN). I’ve been making a few plays on it and making some really good profit. I’m well aware that it’s a speculative mining stock but until then I had made a lot of money on it. I actually bought my shares at $0.38 the first time and the stock went up to $1.40 a few months later. In August, I decided to use part of the down payment for my future house to average up and buy more stock at $1,00 or so. In September, I then had $15,000 invested in NRN with an average price of $0.76. I’m still making profit but holding my position as the company will announce results of their latest prospecting in a few weeks.
I already made plans as to how I will spend my extra profits. I truly believe the stock will rise to a few bucks (maybe $5 if I’m lucky!) and that I will have enough money to not only buy my house, but a BMW and a nice trip down south at the same time… my wife is going to be so proud of me!
So I go for lunch with a few friends on a casual day at work. I always look at my positions when I come back from lunch. Not that it ever changes anything but I like to see where my portfolio is at in the middle of the day ;-). It was a sunny day, lunch was great and we laughed a lot; it was just another great day in my life… until I looked at my computer screen and saw my portfolio.
The stock value went from $1,00 to $0.45 during my lunch hour!
Review: Coming out of the Chinese New Year (CNY) holidays on Monday, the equities market was ready to catch up to the positive performance by Wall Street the previous week.
Retracing between 4.25% and 5.3% over the previous week, the Dow Jones, Nasdaq and S&P500 lent confidence that the correction was a brief blip on the radar.
The bulls took their cue at the week’s open and returned with foreign investment dollars to the local market, giving a running start to the new zodiac year. A strong 19-point gain put the FBM KLCI on more bullish footing, and above the 1,850 level.
The push came in tandem with other regional markets such as Japan, whose Nikkei posted a 2% gain as global markets shrugged off anxieties over inflation and tightening liquidity.
While Malaysian investors were still looking for fresh leads on the local scene following the long weekend, few were forthcoming from the international markets as the United States was shuttered that night for the President’s Day holiday, leaving Asia without a lead for the next session.
The regional markets took a breather on Tuesday, taking some money off the table following the previous session’s strong performance.
The local benchmark index followed suit and made a slight loss of 1.33 points to 1,855.99. However, despite the lull, watchful investors were also on alert for corporate news given the looming earnings results.
The slowdown in corporate activity around the festive period meant a barrage of results were due within the final stretch to Feb 28.
The midweek showed positive sentiment over the earnings season. Despite Wall Street’s overnight pullback – triggered by an earnings slump by Walmart – the local bourse shrugged off the negative news to pull ahead.
Earnings announced the previous day from blue chips such as Petronas Chemicals and Nestle served to add points to the FBM KLCI even as positive expectations for heavyweight banking stocks such as Maybank and Public Bank lifted it higher.
Starting off morning trade in the red, the FBM KLCI ramped up over the course of the day to put in a positive result of 2.18 points to 1,858.17.
Despite healthy anticipation on the local market, anxiety in the United States loomed overnight on continued concern over the possibility of US interest rate hikes. The worries were backed by the minutes to the US Federal Reserve’s last policy meeting, which showed the prospects of faster economic growth due to fiscal stimulus.
The three major indices on Wall Street dipped between 0.2% and 0.7%, lending weight to a pullback in Asia.
At Thursday’s open, the FBM KLCI traded largely in the red, despite a record-breaking full-year performance by Public Bank, which helped to pool some confidence in the earnings season.
However, Hong Leong Bank and MISC weighed for the session ahead of their announcements, leading the index 3.1 points lower to 1,855.07 but still holding steady above the 1,850 support.
On Friday, Public Bank hit a fresh all-time-high, lifting the index to 1,861.50
During the week, Asian currencies, including the ringgit, retreated against the US dollar as it strengthened on the back of rising US Treasury yields.
The local currency lost some of the gains it had made over the greenback, slipping back to a low of 3.91 from 3.89 since the early noon-closing the previous Thursday.
The rebound in the US dollar also put pressure on oil prices. US light crude hovered above US$62 a barrel while Brent crude, which been on a positive retracement over the previous week, stood near US$66.
Statistics: For the week, the major index was up 23.22 points, or 1.3% to 1,861.50 points on Friday, versus 1,838.28 on Feb 15. Total turnover for the trading week stood at 12.8 billion shares amounting to RM11.26bil, compared with 6.47 billion units valued at RM7.76bil changing hands over the shortened pre-CNY trading week.
Outlook: Despite looking bullish, the benchmark index took on some sideways movement following Monday’s strong performance. While it held well above the 1,850 support line, it was contained below the 1,865 resistance and, from Tuesday through Friday, traded within an 11-point range.
Some indecision and sluggishness may have entered the market following the return to the normal trading week post-CNY, and with many more earnings results to come in the days ahead, investors may yet be looking for a sense of direction.
The “tug of war” between US Treasury yields and equities will continue, with attention turned towards Jerome Powell making his first public appearance as Fed chairman next Wednesday. His economic testimony may help shed some light onto the future direction of Fed policy.
The technical indicators for the FBM KLCI showed middling strength. The daily moving average convergence/divergence remained in positive territory and on the verge of a bullish crossing with the signal line, suggesting continued upwards bias. Given both earnings and Stateside news coming into play next week, there may be new catalysts to break the indecision keeping the market in consolidation. Read more at https://www.thestar.com.my/business/business-news/2018/02/24/klci-returns-to-the-bulls/#iLbhK6bQ3vHd4ajX.99
Oil rises further above US$66 as Libyan outage supports
LONDON (Feb 23): Oil edged further above US$66 a barrel on Friday supported by a dip in Libyan production and upbeat comments from Saudi Arabia that an OPEC-led effort to erode stockpiles through output curbs is working.
Crude rebounded from an early loss after the shutdown of the El Feel oilfield in Libya, which produces 70,000 bpd. Production in the OPEC member has been running at about 1 million bpd, although it remains volatile due to unrest.
Brent crude, the global benchmark, was up 10 cents at US$66.49 at 1458 GMT. Prices had rallied in early 2018 and reached US$71.28 on Jan. 25, the highest since December 2014. US crude was up 8 cents to US$62.85.
In the latest OPEC comment that a supply cut deal led by the Organization of the Petroleum Exporting Countries is working, Saudi Arabia's Energy Minister Khalid al-Falih said he expected inventories to keep declining this year.
"The oil markets, it's clear, are rebalancing," Falih, who is on a visit to India, said. "Many agencies have documented the decline in inventories and I think that'll continue in 2018."
Earlier, prices traded lower as rising US oil production and exports weighed. Crude exports jumped to more than 2 million bpd, close to a record.
"The US is pumping out a record amount of oil," said Naeem Aslam, chief market analyst at Think Markets UK Ltd. "The bull rally which we have seen for the black gold could fade away as the US oil production undermines the OPEC production cut commitments," he said.
A stronger dollar also weighed on prices. A firmer dollar can make oil and other commodities denominated in the US currency more expensive for other currency holders.
The latest decline for crude came despite the US Energy Information Administration reporting crude stocks fell unexpectedly by 1.6 million barrels. Analysts said low import figures contributed to the decline.
US production is expected to rise even more this year and top 11 million bpd in late 2018, a headwind for OPEC efforts to drain stockpiles.
In January 2017, OPEC and allies including Russia began to cut production by about 1.8 million bpd, almost 2 percent of global supply, to get rid of a glut that had built up since 2014 and that led to a price collapse.
OPEC wants to reduce inventories held by industrialised nations to their five-year average and is getting closer to that goal.
no la ys, those were the days, i was there then flower came, he super active, i let him run the show, different people different style, but both flower and me, we are more on the management experience in the industry, no crude oil up and down kindda thing
mula2 yup, local O&G peeps, most of them kawan2, i know you, you know me, kindda thing, u get a bit of perisai, tl offshore, sapura, all the local guys and gals in the industry
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....
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!