kakashiNot to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500. Why? 1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds. 2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power. 3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase. 4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight 5. Political instability. 6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.
alphajackEPF ni goreng banyak la..betul betul have to salute ini EPF..really defend PCHem although this stock only deserves 4 ringgit. Hope the foreigners take this opportunity to dump this trash back to them tomorrow hahahahaha
tinyinvestorgood news in today's paper. revenew increased by increased 39%. 3 petrochemical plant project under RADIP injected into PCHEM..