Johor's special zone was initially planned by KJ during Pak Lah and the biggest mystery is that not many people know who was behind the Sarawak planning. Unlike those Sabah linked speculative counters they kept mentioning those big names like JP Morgan or Goldman Sachs but Sarawak never reveal who was their top investment advisors doing all these highly strategic planning and the footprint on Port and Banking etc looks very familiar 😁

Time Cycle Analysis: UEMS 恭喜发财。

UEMS above 0.89 is bullish; below 0.89 is bearish. Key date to watch 21 Feb 2024.
https://www.tradingview.com/chart/UEMS/maKcY7Nj-Time-Cycle-Analysis-UEMS/

Tesla, Nvidia, YTL Power momentum indicators：
https://www.tradingview.com/chart/YTLPOWR/PA0VIlwu-YTL-Power-Nvidia-Tesla-momentum-indicators/

For investment or trading ideas, please feel free to visit my chart gallery:
https://www.tradingview.com/u/Yang358/#published-charts

Western Digital to build RM1bil plant in Sarawak under RM2.3bil Malaysian expansion
By Azanis Shahila Aman - November 6, 2020 @ 11:00am

Muhiyiddin 😍 welcomed any company wanting to invest in a high-impact and technology-based industry here, it added.

"Of the total, RM1 billion 💪 will be utilised to build a new factory in Kuching, Sarawak, which will add 30 per cent to our hard disk drive production capacity, and RM1.3 billion is for new equipment facilities," Syed Hussian added.

https://www.nst.com.my/business/2020/11/638639/western-digital-build-rm1bil-plant-sarawak-under-rm23bil-malaysian-expansion

The path of tech stocks are related to the movement of Venue.

"Venus revolves or orbits around the Sun once every 0.615 Earth years, or once every 224.7 Earth days. Venus travels at an average speed of 78,341 miles per hour or 126,077 kilometers per hour in its orbit around the Sun." (source: Caltech)

The Monday, April 8, 2024, total solar eclipse will cross North America, passing over Mexico, the United States, and Canada. The total solar eclipse will begin over the South Pacific Ocean.

Chinese Myth of Solar Eclipses: In some ancient Chinese myths, a total solar eclipse was seen as a negative omen, potentially bringing misfortune.

Another trading theme to watch is Genting Malaysia even thought technically not yet in bullish zone but it is heading towards that direction as Macau's and Cambodia's gaming landscape basically in very bad conditions as ONE MAN'S LOSS IS ANOTHER MAN'S GAIN. Lim Kok Thay's Star Cruise has transformed to Resort World's Cruise and started to make good profit according to news 😁

Could a Hard Drive Supply Chain Crisis Push AI and Digital Ads to the Breaking Point?

Everything is moving to the cloud, especially when it comes to data. But the critical thing to remember about “the cloud” and “cloud data storage” is the fact that they still require cold, hard disk drives (HDDs) down here on Earth. Typically, these HDDs are found in vast server farms—like the 7.4 million-square-foot “Citadel” facility in Nevada.

The other thing to remember about cloud data storage is that the AI revolution is driving the need for more of it. This is why Google (1), Microsoft (2), Meta (3), AWS (4), and other tech giants are spending billions on new data centers. It’s also why cloud storage is getting more expensive, and why HDD manufacturers are releasing bigger drives. 50 terabyte drives are coming in late 2024.

https://hackernoon.com/examining-the-impact-of-a-hard-drive-supply-chain-crisis-on-ai-and-digital-advertising

Tesla, Nvidia, YTL Power momentum indicators.

https://www.tradingview.com/chart/YTLPOWR/PA0VIlwu-YTL-Power-Nvidia-Tesla-momentum-indicators/

For investment or trading ideas, please feel free to visit my chart gallery:
https://www.tradingview.com/u/Yang358/#published-charts

Try to google "quek leng chan hostile takeover" today MY ARTICLE or WRITEUP will come out in the top search with a summary saying "Quek Leng Chan was trying to launch a hostile takeover of Bank of East Asia and it cannot be a coincidence that BEA is holding a big block of shares in Affin ..." Hopefully Tan Sri will google today and somehow see my message to consider to launch a hostile takeover. 😁

https://i.postimg.cc/Ss6Z92SC/Quek-Leng-Chan.jpg

note: you have to zoom in the photo to see a clearly picture

Why the outgoing CEO tipoff the market the takeover price by Abang Jo is 2.4 so is he happy or not happy with the 2.4 takeover price? The answer is clear so unless the shares is officially transferred to the CDS account of Sarawak government or else it is more likely that the CEO is trying to heat up the price war and extract the best value for the public member of LTAT. It highly out of the norm that a resignation letter will include sensitive info such as the takeover price of 2.4 sighted by The Edge so for those who is late to the party the night is still young😁

I pray the king of M&A Quek Leng Chan don't disappoint me...I would be shocked if Quek Leng Chan, Chua Ma Yu, Tong Kooi Ong or even Peter Lim don't interested in Affin Bank as 2.4 is unbelievable 😁

Abang Jo will not spend billion without taking control of the bank or else the money will be as good as throw the money to Kajang River which is the longest river in Malaysia. Abang Jo will provide the floor support at 2.4 and this strong support level at 2.4 is highly visible on technical chart but the price action is telling more story either Sarawakian billionaires are collecting the share to beef up their control on this banking group or some other professional corporate raiders linked to top bankers such as Quek Leng Chan, Chua Ma Yu, Tong Kooi Ong also interested in this banking group so those who are late to the party it looks like the night is still young 😁

UEMS above 0.89 is bullish, below 0.89 is bearish. Key date to watch is around 19 Feb 2024. The projected trajectory is heading north unless the key support of 0.89 is broken.

https://www.tradingview.com/chart/UEMS/dm2UaQjQ-Time-Cycle-Analysis/

Investors should exercise caution and remain vigilant against the potential bear trap. From a technical standpoint, the Kuala Lumpur Composite Index (KLCI) above 1552 is bullish and below 1552 is bearish.

https://www.tradingview.com/chart/FBMKLCI/gGMqXJe6-Time-Cycle-Analysis/

KLCI has been entrenched in a structural bear market since 2014 (1896.23), primarily triggered by the collapse of the oil bubble (US$ 145 in 2008) and the collapse of the palm oil bubble (MYR 8000 in 2022). For investment or trading ideas, please feel free to visit my chart gallery:

https://www.tradingview.com/u/Yang358/#published-charts

Unless PMX intervened in the free market, the takeover deal should be priced within this range 2011 EON Capital Berhad Hong Leong Bank Berhad 1.42 and 2008 EON Capital Berhad Primus Pacific Partners 2.21 because when come to hostile takeover game, no one can match Quek Leng Chan and I will be shocked if the king of M&A not interested in Affin Bank as 2.4 is a considered buy one free one as AffinHwang Investment Bank is a top brokerage in town which will give HL brokerage an immediate boost and totally in control of the brokerage landscape😁

Abang Jo will provide the floor support at 2.4 and this strong support level at 2.4 is highly visible on technical chart but the price action is telling more story either Sarawakian billionaires are collecting the share to beef up their control on this banking group or some other professional corporate raiders linked to top bankers such as Quek Leng Chan, Chua Ma Yu, Tong Kooi Ong also interested in this banking group so those who are late to the party it looks like the night is still young 😁

Tip No 1, why the outgoing CEO tipoff the market the takeover price by Abang Jo is 2.4 so is he happy or not happy with the 2.4 takeover price?

Tip No 2, the outgoing CEO is a professional fund manager and his mission is to dispose the controlling steak for the public members of LTAT as high as possible so the tipoff will or will not attract the attention of top corporate raiders such as Quek Leng Chan, Chua Ma Yu, Tong Kooi Ong, Peter Lim Eng Hock as the 2.4 is unbelievable? 😁

Tip No 3, Quek Leng Chan is aspired to become No.1 banker in South East Asia so 2.4 for him you think is expensive or a rock bottom price?

As of 2024-02-05, the Fair Value of Affin Bank Bhd (AFFIN.KL) is 4.04 MYR. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 2.62 MYR, the upside of Affin Bank Bhd is 54.2%.
https://valueinvesting.io/AFFIN.KL/valuation/fair-value

LTAT already made it clear publicly they no longer interested on the banking business so if LTAT not in management control of the banking group and Abang Jo not in control of the banking group who else is in control of the banking group is totally an academic questions.

Abang Jo is paying billion rigging for the controling steak so it will be a joke if he cannot get board control or management control of the banking group might as well throw the money to Kajang River which is the longest river in Malaysia. Abang Jo will not take Affin Bank private but if HL joining the game they will take the bank private as 2.4 is just unbelievable 😁

It is such a surprise that EON Bank and Affin Bank shared a lot of similarities such as low ROE, car loans, no overlapping of branch locations and so on. If history is any guide, as long as some controlling block of a banking shares is available for grab whether it is in Hong Kong or Malaysia, those high end corporate raiders will join the party. If Quek Leng Chan was interested in EON Bank, there is no reason why he is not interested in Affin Bank. Tong Kooi Ong used to own a boutique bank so there is no reason he is not interested in Affin Bank. Last year Abang Jo was trying to bid for the licence of Digital Banking so at 2.4 he will be laughing all the way to the bank. EPF kept selling the shares but the share price kept going up so unlikely it was retailers in the market supporting the share price. Quek Leng Chan was trying to launch a hostile takeover of Bank of East Asia and it cannot be a coincidence that BEA is holding a big block of shares in Affin Bank. When we put all these small pieces of the puzzle, a big picture will emerge. So let's pray Tan Sri Quek Leng Chan is on the prowl again. Quek, founder of the Hong Leong Group of companies, will be stalking another prey — Affin Bank.

The Edge should run a story and interview MSWG whether 2.4 is a fair deal as far as LTAT members and minority shareholders are concerned. If Abang Jo seals the deal at 2.4 the whole market will be shocked as 2.4 is just unbelievable 😁

I keep praying that I hope top corporate raiders Quek Leng Chan, Chua Ma Yu, Tong Kooi Ong, Peter Lim Eng Hock will be watching this banking deal as 2.4 is too unbelievable and too unfair to the member of LTAT 😁

The proposed takeover of EONCap by HLBB has all the makings of a replay of the hostile takeover of Southern Bank Bhd (SBB) by the CIMB Group back in 2005.

industry observers say there have been indications that HLBB isn’t willing to pay anything above 1.3-1.5 times price-to-book value (PBV) for EONCap, based on its rather low return on equity (ROE) of 4.2% and return on assets of 0.3% in FY2008.

Thus, based on its 2008 book value (BV) of RM4.62, this works out to between RM6.15 and RM7.10 a share. EONCap’s projected BV for 2009 is RM5.05 — which means that the price that Quek may be willing to pay is anything between RM6.76 and RM7.50 a share.

https://theedgemalaysia.com/article/cover-story-quek-prowl

Read the above news line by line to understand that a banking licence is a valuable commodity and a machine to print money. The banker can collect deposits from the general public and give out loans and pocket the difference as his profit so it is never in my trading career that a banking business changes hands with such low valuation.

Those who are late to the party the night is still young and it is acceptable to take the calculated risk as the cut loss level can be set at 2.3-2.4 ringgit with limited downside if the takeover price by Abang Jo at 2.4 ringgit turns out to be true but if this is a fair deal the upside should be around 6-7 ringgit and my calculations based on intrinsic value and technical chart are pointing close to this level.

Personally I set my exit point at 2.15 ringgit with current level if I remember correctly my profit is around 50% but I am pretty confident there will be a hostile takeover by some other banking tycoon to frustrate the deal.

Let's wait and see. UMW nta 4.16 ringgit vs Sime takeover price of 5 ringgit so if the takeover price of Affin by Abang Jo is fixed at 2.4 ringgit will shock the market and LTAT members as normally a takeover deal will be based on NTA valuation.

US stocks are heavily overvalued, a recession is coming, and AI is overhyped, Jeremy Grantham said.
Stocks would have plunged another 20% or 30% in 2023 if not for the AI craze, the investor said.
Grantham said he's worried about foreign wars, especially when asset prices are at record highs.

https://markets.businessinsider.com/news/stocks/us-stock-market-outlook-grantham-ai-bubble-crash-recession-economy-2024-2

ESG RISK RATING
(the smaller the number the better)
NVIDIA Corp. 13.5
DBS 18.5
Hong Leong Bank Bhd 18.6
Nestlé (Malaysia) 20.9
Public Bank 21.2
Sime Darby 23.7
Maybank 24.4
Affin Bank 25.4

https://www.sustainalytics.com/esg-rating/affin-bank-bhd/2000673564

EPF is a well managed institution and their selling is more likely related to ESG instead of the takeover by Abang Jo.

The bearish scenarios for crude oil and palm oil are due to the bullish scenario on USD so it is expected to see more downward pressure on commodities all over the world. When CPO hit all time high analysts said it was because of the Ukraine Russia War but this war is still ongoing so the collapse of CPO has nothing to do with the war but the movement of USD.

Jim Rogers warns that global 'good times' are nearing the end
Investor cites looming U.S. recession, China property woes as causes for gloom.

https://asia.nikkei.com/Editor-s-Picks/Interview/Jim-Rogers-warns-that-global-good-times-are-nearing-the-end

A bullish trend is anticipated above RM2.15, while a bearish scenario is envisaged below this threshold.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

Affin Bank as long as trading above 2.15 the uptrend remains valid. Not sure what caused the deep pull back but technically the correction is within expectation.

KLCI and Bear Market Dynamics:
Investors in the Malaysian equities market should approach current conditions with vigilance and prudent risk management, given the potential presence of a bear trap. Technically, the KLCI has been entrenched in a structural downtrend since 2014, significantly influenced by the collapse of commodity bubbles in oil (US$145 in 2008) and palm oil (RM8000 in 2022). These events, coupled with the close correlation between the Malaysian economy, MYR, and commodity prices, have contributed to this extended bearish period.

Navigating a Bear Market:
Successfully navigating a structural bear market necessitates a nuanced understanding of the underlying economic dynamics. While acknowledging the overarching challenges, astute investors can identify pockets of resilience and growth within specific sectors, such as those connected to development in Johor (UEMS) and Sarawak (Affin Bank). This strategic approach enables investors to prudently position themselves within the market, mitigating risks and capitalizing on potential opportunities.

For investment or trading ideas, please feel free to visit my chart gallery:
https://www.tradingview.com/u/Yang358/#published-charts

I love astronomy so most of my calculation/logics actually somehow related to astrophysics and planetary orbit. Something to do with price resistance, time resistance and speed resistance.

Most people visit stock forum for quick tips. They will not bother to read external news or video and so on ... 😀

These hedge funds sometime purposely create "intraday sell signal" to induce short sellers to push down the price and create volatility so that they can collect more shares at lower prices.

The news sounded like Abang Jo is looking for board control so LTAT will be out of the equation but the selling price must be fair so logically it must be close to NTA but retailer must take note that the market price may or may not trade up to that level as Abang Jo is not buying the shares from open market but a direct business deal.

UEMS above 0.89 is bullish; below 0.89 is bearish. Key date to watch 30 Jan 2024, 22 Feb 2024 and 01 March 2024.

https://www.tradingview.com/chart/UEMS/L9yVo3xu-Time-Cycle-Analysis/

KLCI and Bear Market Dynamics:
Investors in the Malaysian equities market should approach current conditions with vigilance and prudent risk management, given the potential presence of a bear trap. Technically, the KLCI has been entrenched in a structural downtrend since 2014, significantly influenced by the collapse of commodity bubbles in oil (US$145 in 2008) and palm oil (1611 MYR in 2022). These events, coupled with the close correlation between the Malaysian economy, MYR, and commodity prices, have contributed to this extended bearish period.

Navigating a Bear Market:
Successfully navigating a structural bear market necessitates a nuanced understanding of the underlying economic dynamics. While acknowledging the overarching challenges, astute investors can identify pockets of resilience and growth within specific sectors, such as those connected to development in Johor (UEMS) and Sarawak (Affin Bank). This strategic approach enables investors to prudently position themselves within the market, mitigating risks and capitalizing on potential opportunities.

For investment or trading ideas, please feel free to visit my chart gallery:
https://www.tradingview.com/u/Yang358/#published-charts

HSR will only become financially viable in 70 years

Financial failures have been the case for most HSR projects since these started in Japan (1964) and Italy (1970) and it is difficult to see why our HSR system would perform otherwise, especially since the underlying passenger volume required to make it viable will not be present for the next 70 years.

source: https://www.malaysiakini.com/news/427627

CTOS NTA 0.26 MYR, above 1.62 MYR is bullish, below 1.62 MYR is bearish. The forecasted trajectory is heading south unless the price action can penetrate 1.62 MYR comfortably.

https://www.tradingview.com/chart/CTOS/z4xHKd7C-Time-Cycle-Analysis-CTOS/

The Discounted Cash Flow (DCF) valuation of CTOS Digital Bhd (CTOS.KL) is 0.72 MYR. With the latest stock price at 1.41 MYR, the upside of CTOS Digital Bhd based on DCF is -48.6%.

source: https://valueinvesting.io/CTOS.KL/valuation/dcf-growth-exit-5y

For investment or trading ideas, please feel free to visit my chart gallery:

https://www.tradingview.com/u/Yang358/#published-charts

Let the profit runs and cut short your losses. At this moment, it is still early to take profit as the upside outweighed downside. The chart will tell when it is about to trend reversal such as vol contraction or inverted hammer or hangman or bearish engulfing and so on.

From a technical perspective, Affin Bank appears to have entered an anti-gravity mode, with the path of least resistance favoring the upside. A bullish trend is anticipated above RM2.15, while a bearish scenario is envisaged below this threshold.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

For investment or trading ideas, please feel free to visit my chart gallery:

https://www.tradingview.com/u/Yang358/#published-charts

Not so familiar with those political news but the news sounded like LTAT is resistant to change and kind of uncomfortable with this CEO and his professional way of restructuring the fund. No indication his resignation has anything to do with Affin Bank or Abang Jo as this CEO is a professional fund manager.

Beside regulatory approvals, LTAT will need to see the valuation report on the market value of Affin @ TRX and the true worth of AffinHwang Investment Bank and so on.

https://www.skyscrapercenter.com/building/affin-bank-trx/35489

But retailers have to understand the fact that even Abang Jo is buying the block of shares from LTAT it doesn't always the case that the share price in short term will be traded up to that level as the business transaction is between Abang Jo and LTAT and nothing to do with the outstanding shares quoted in the open market. The logic why a takeover deal must be based on NTA is similar to Abang Jo buying out the Affin Bank new office located in TRX as the price of a property must be based on the value of the landed property regardless of whether it is generating income or not. However, the good news is that according to my spreadsheet formula Affin Bank is entering the anti-gravity zone and under zero gravity environment anything can fly.

LTAT is a public fund so they are answerable to their public members. They have to engage an investment bank to advise them whether the selling price is fair or not and most investment analysts are using a standard spreadsheet to plug in the same formula to derive their conclusion. Under normal condition a takeover deal will be based on NTA rather than PE to prevent hedge funds to do asset stripping.

This is my trading call dated 15 Dec 2020. Most of the time chart will tell the true story:

https://www.tradingview.com/chart/DPHARMA/5tKe08jN-Trend-Analysis/


For investment or trading ideas, please feel free to visit my chart gallery:

https://www.tradingview.com/u/Yang358/#published-charts

Investors should exercise caution and remain vigilant against the potential bear trap. From a technical standpoint, the Kuala Lumpur Composite Index (KLCI) has been entrenched in a structural bear market since 2014, primarily triggered by the collapse of the oil bubble. This occurrence is significant as the Malaysian economy and the Malaysian Ringgit (MYR) share a high correlation with oil prices.

Within the broader context of a structural bear market, it's essential to recognize that opportunities persist, albeit selectively. Certain stocks, particularly those linked to the development initiatives in Johor and Sarawak, demonstrate a seasonal bullish trend. These specific sectors may exhibit resilience and growth potential even amidst the broader market challenges associated with the prolonged bearish conditions.

Navigating the complexities of a structural bear market demands a nuanced understanding of the economic dynamics at play. While acknowledging the overarching challenges, astute investors may identify pockets of resilience and growth within specific sectors, such as those connected to the developmental activities in Johor and Sarawak. This strategic approach enables investors to position themselves prudently within the market, mitigating risks and capitalizing on potential opportunities.

For investment or trading ideas, please feel free to visit my chart gallery:
https://www.tradingview.com/u/Yang358/#published-charts

《雅加达邮报》报道，雅万高铁首年将面临3.15兆印尼盾（约9.4亿令吉）的赤字，恐拖累国家财政。

印尼主流英文报《雅加达邮报》30日发表社论，雅万高铁几经延宕终于在去年底营运，不过在享受这番喜悦后，“得付钱了！我们必须面对债务的现实，这将在未来几年拖累我们的国家财政”。

《雅加达邮报》报道指出，负责营运雅万高铁的“印尼中国高铁公司”（KCIC）统计，营运首年将面临3.15兆印尼盾财政赤字。分析指出，赤字可能会持续数十年，并可能影响支持此项目的国有企业，特别是印尼铁路公司（KAI）持有印尼方的最大股份。(source: enanyang.my)

Time Cycle Analysis:
MRCB above 0.715 is bullish, below 0.715 is bearish. Key date to watch is 24 April 2024. The forecasted trajectory is heading south unless the price action can penetrate 0.715 comfortably.

https://www.tradingview.com/chart/MRCB/wzmkil6b-Time-Cycle-Analysis-MRCB/

Ranhill, above 0.87 is bullish, below 0.87 is bearish. Key dates: 22 April 2024, 17 Sept 2024, 14 April 2025.

https://www.tradingview.com/chart/RANHILL/BmkXidOg-Time-Cycle-Analysis-Ranhill/

As of 2024-01-31, the Fair Value of Ranhill Utilities Bhd (RANHILL.KL) is 2.03 MYR. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 1.13 MYR, the upside of Ranhill Utilities Bhd is 80%.

Peter Lynch's formula: Fair Value = Earnings Growth Rate x TTM EPS

source: https://valueinvesting.io/RANHILL.KL/valuation/fair-value

Should LTAT persist as the major shareholder, the acquisition could regress, given Affin Bank's trajectory towards becoming a cutting-edge bank with advanced technology for risk management. LTAT, being more risk-averse and conservative, might impede the bank's evolution into a leading Digital Bank, similar to the PhileoAllied Bank established by Tong Kooi Ong.

The concept of anti-gravity remains speculative, involving the creation of an object immune to gravitational forces. The recent Time Cycle Analysis posted on January 26, 2024, featured a yellow line at RM2.69. The subsequent high reaching RM2.69 cannot be dismissed as coincidental but rather indicative of a calculated orbit, utilizing state-of-the-art technology for tracking Near Earth Objects, such as asteroids.

From a technical perspective, Affin Bank appears to have entered an anti-gravity mode, with the path of least resistance favoring the upside. A bullish trend is anticipated above RM2.15, while a bearish scenario is envisaged below this threshold.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

Assessing the Potential of Sarawak's Banking and Mega-Project Developments

Privatization of Banking Group:

Unlikely: Privatizing a major banking group is a complex and sensitive undertaking with potential economic and political repercussions. While not entirely impossible, it's unlikely Abang Jo would prioritize this move given the potential risks and complexities involved.

Alternatives: Expanding the capital base and attracting strategic partnerships through joint ventures or minority stake sales might be more feasible and less disruptive approaches.

Potential Partnerships and Expansion:

DBS Collaboration: A collaboration with DBS, a leading Singaporean bank, could bring expertise and regional reach to Sarawak's banking sector.

Capital Base Expansion: Enlarging the capital base could strengthen Sarawak's financial institutions and enhance their lending capacity.

Mega-Project Pipeline: The proposed projects, including an undersea power cable, AI datacenter, and a Sarawakian counterpart to Petronas, linking projects to Indonesia's new capital, Nusantara, represent a vision for significant economic diversification and infrastructure development.

Technically speaking, Affin Bank has entered anti-gravity mode and the least resistance is on the upside. Above 2.15 is bullish and below 2.15 is bearish. Key dates to watch are around 27 Feb 2024 and 08 May 2024.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/

UEMS above 0.89 is bullish; below 0.89 is bearish. Key date to watch 30 Jan 2024, 22 Feb 2024 and 01 March 2024.

https://www.tradingview.com/chart/UEMS/L9yVo3xu-Time-Cycle-Analysis/

KLCI above 1552 is bullish and below 1552 is bearish. The most likely trajectory is heading south.

https://www.tradingview.com/chart/FBMKLCI/gGMqXJe6-Time-Cycle-Analysis/

MRCB above 0.715 is bullish, below 0.715 is bearish. Key date to watch is 24 April 2024. The forecasted trajectory is heading south unless the price action can penetrate 0.715 comfortably.

https://www.tradingview.com/chart/MRCB/wzmkil6b-Time-Cycle-Analysis-MRCB/

Singapore is to channel investments such as data centre projects into Sarawak under a proposal by the state to sell excess energy to the republic, Sarawak Premier Tan Sri Abang Johari Openg said on Tuesday.

https://theedgemalaysia.com/node/699156

Abang Jo's acquisition of Affin Bank is not a frivolous endeavor but a strategic move in line with his comprehensive plan. The earnest pursuit of bank ownership is driven by Sarawak's vision to establish a self-sufficient economy, intending to economically detach from the declining Peninsular economy, especially in Penang. The forthcoming extensive infrastructure projects in Sarawak are anticipated to yield significant multiplier effects on the local economy. Singapore's substantial purchase of power from Sarawak via an undersea cable highlights the region's potential as a power supplier. It won't be surprising if Sabah follows suit in procuring power from Sarawak. Additionally, with Indonesia's new capital, Nusantara, potentially seeking power supply from Sarawak, the strategic acquisition becomes even more pivotal. The acquisition cost below Net Tangible Assets (NTA) implies that Abang Jo is essentially acquiring Affin Bank at little to no cost, especially when factoring in the potential value derived from the separation of AffinHwang Investment Bank, a substantial player in the stock market.

Affin Bank above 2.15 is bullish and below 2.15 is bearish. Key dates to watch are around 27 Feb 2024 and 08 May 2024.

https://www.tradingview.com/chart/AFFIN/m4eIYk4h-Time-Cycle-Analysis/